国机精工集团股份有限公司投资者关系活动记录表 编号：2025—004 投资者关系 活动类别 ☑特定对象调研□分析师会议 □媒体采访□业绩说明会 □新闻发布会□路演活动 □现场参观□电话会议 □其他 参与单位名称 及人员姓名 中原证券：刘智、石临源 时间 2025 年 5 月 21 日 地点 国机精工会议室 上市公司接待 人员姓名 董事会秘书：赵祥功 证券事务助理：靳晓明 投资者关系活 动主要内容介 绍 1.问：请简单介绍一下公司的主营业务。 答：国机精工在轴承行业和磨料磨具行业开展业务，提供满 足国家战略需求的产品、技术和服务，业务涵盖"新材料、基础 零部件、机床工具、高端装备、供应链管理与服务"五大业务板 块。 一、轴承业务领域 主要分为特种轴承、风电轴承和精密机床轴承等： （一）特种轴承 特种轴承产品应用于航天、航空、兵器、舰船和核工业等领 域，公司具有完善的特种轴承研发、制造、服务体系，圆满完成 中国航天发展史上具有里程碑意义的"东方红""长征""神舟" "嫦娥""天问"等航天工程的轴承配套任务，技术水平居国内 领先，航天领域特种轴承处于国内垄断地位，重点产品配套率 90%以上。随着商业航天的发展，将为 ...

➢ 鸿蒙 PC 有望加速落地，提升 PC 终端的国产化替代水平，并进一步驱动国 产基础软件生态的建设，PC 有望成为鸿蒙下一个"主战场"。1）PC 有望成为鸿 蒙下一个"主战场"：鸿蒙在 C 端市场持续发力，有望将国产操作系统在国内快 速实现推广。根据 Canalys 数据，2024 年中国大陆地区台式机和笔记本电脑出 货量达到 3971 万台。华为是国内市场的主力军，2024 年华为在中国大陆地区 台式机和笔记本电脑出货量的同比增速达 15%；市场份额由 2023 年的 9%提升 至 11%。2）领军企业持续发力，信创等市场潜力可期：华为鸿蒙 PC 发布后， 基于 OpenHarmony 产品打造的 PC 端操作系统有望加速落地，进而推动信创 等生态发展。根据中国信息安全测评中心发布的《安全可靠测评结果公告》，华为 旗下的盘古 M900、麒麟 9006C 等 CPU 产品入选。华为 CPU 的入选，对信创 端生态完善有着重要意义。以鸿蒙领域部分龙头为例，软通动力 2024 年率先推 出搭载 SwanLinkOS 5 的开源鸿蒙 AI PC 及智能交互平板等智能化产品，2025 年继续全面推进开源鸿蒙 5.0 ...

摘要 公司光通信业务稳定，占比收入 30%，主要代理国外高端产品，并积极 布局下一代算力中心相关产品，如 OCS 全光交换和光芯片，以支持国内 AI 算力中心建设。 消费电子赛道受益于华为 Mate 系列手机零部件国产化及 3C 行业整体 复苏，视觉系统需求增加，预计苹果视觉系统保持稳定，设备类投资增 长乐观。 印刷包装赛道稳定增长，占比收入 20%，服务软包装检测，如标签二维 码检测，产品标准化程度高，盈利能力强，预计今年增速仍将达到 30% 以上。 新能源领域锂电业务复苏，海外建厂需求增加，光伏领域面临压力但有 望持续复苏。数字人项目与智谱合作进展良好，战略聚焦光学动捕产品 线，预计巨轮智能占比将显著提升。 科学成像和器件业务进展显著，半导体业务收入超亿元，收购丹麦公司 并表后，其产品在半导体领域表现出色，占总收入 20%以上，尤其在顶 级客户中有良好反响。 凌云光 20250521 Q&A 请介绍一下凌云光今年以来整体主业及光电子器件业务的发展情况。 凌云光公司以光学起家，整体业务围绕两个方向：视觉和光通信。视觉业务包 括工业视觉和服务行业，如影视传媒和巨轮智能的光学动捕。核心能力是光学 成像与 AI ...

美方的手伸得太长，不但打压中国，也严重侵犯了第三国的市场选择权，严重阻碍各国正常经贸往来， 严重破坏市场规则和国际经济秩序，影响全球科技创新，带有赤裸裸的胁迫色彩。 进入21世纪，"科学无国界、惠及全人类"早已是全球共识。企业和企业之间，国与国之间围绕科学技术 的竞争与合作无时不在，但主旋律都为良性，结果也是普遍导向全人类整体福祉之提升。 但美国当下的做法却是在创造恶例，将科技合作问题政治化、工具化、武器化，破坏了全球市场的公平 竞争环境，冲击了现有的全球技术合作秩序，给全球企业造成重大合规风险。如不及时改弦更张，将严 重拖慢全人类科学技术进步的脚步。 5月21日，商务部新闻发言人就美国企图全球禁用中国先进计算芯片发表谈话，称美方措施是典型的单 边霸凌和保护主义做法，严重损害全球半导体产业链供应链稳定，剥夺其他国家发展先进计算芯片和人 工智能等高科技产业的权利。中方密切关注美方措施执行情况，将采取坚决措施维护自身正当权益。 商务部此番表态所针对的是美国商务部近日调整发布之《AI芯片出口管制指南》，该文件以所谓推定 违反美出口管制为由，企图在全球禁用中国先进计算芯片，包括特定的华为昇腾芯片。 虽然打着"国家安全 ...

Core Viewpoint - Shanghai Pengwu Electronics Technology Co., Ltd. has recently completed a multi-million A+ round financing led by Jinyumaowu, indicating strong investor confidence in the company's potential in the integrated circuit testing equipment sector [2][4]. Company Overview - Established in 2015 and headquartered in Shanghai's Pudong New District, Pengwu Electronics is a high-tech enterprise focused on integrated circuit testing equipment [3]. - The company has sales centers in Zhangjiang, Shanghai, a research and development center in Suzhou Industrial Park, and a manufacturing base in Jiaxing, Zhejiang [3]. - Pengwu Electronics provides one-stop solutions for integrated circuit wafer and chip testing and verification equipment, combining hardware design and software development [3]. - The company's products have significant technological advantages in high-speed digital, high-precision analog, and wireless RF fields, effectively reducing testing costs and improving accuracy, thus breaking the long-standing monopoly of foreign giants in this area [3]. Financing Purpose - The recent financing will primarily be used for new product development and scaling production capacity [4]. - The company aims to increase R&D investment to enhance product performance and reliability, meeting the market demand for high-end integrated circuit testing equipment [4]. - Optimizing production capacity and improving efficiency will ensure faster product delivery and better service for customers, contributing to the independent innovation and domestic substitution of integrated circuit testing equipment [4]. Investment Rationale - Jinyumaowu's investment director highlighted the company's technological strength and innovation capabilities in the integrated circuit testing equipment field as key reasons for the investment [5]. - The company has achieved several technological breakthroughs through independent R&D, with its high-end ATE testing equipment 'P2' and high-speed digital instrument 'HSS10G' successfully introduced to clients, filling a gap in the domestic market [5]. - The market outlook for Pengwu Electronics is promising, as the rapid development of the domestic integrated circuit industry increases demand for high-end testing equipment, positioning the company to capture significant market share [5]. - The management team's experience and market insight were also noted as important factors for investment [5]. Industry Context - The national government has placed significant emphasis on the development of the integrated circuit industry, implementing various supportive policies, including tax incentives and financial subsidies for design, manufacturing, and testing sectors [5]. - The recent financing round for Pengwu Electronics reflects the positive impact of government policies on the industry, indicating a favorable environment for growth [5]. - The investment in Pengwu Electronics is seen as a response to national industrial policies, contributing to the development of the domestic integrated circuit industry and supporting independent innovation and domestic substitution [5].

Core Viewpoint - Ningbo Dechang Electric Co., Ltd. (Dechang) showcased strong business performance and future strategies during the 2024 annual and Q1 2025 earnings briefing, highlighting growth in the small home appliance and automotive motor sectors [1][2]. Group 1: Financial Performance - In 2024, Dechang achieved a revenue of 4.095 billion yuan, representing a year-on-year increase of 47.56%, and a net profit attributable to shareholders of 411 million yuan, up 27.51% [1]. - The vacuum cleaner segment, identified as a key revenue driver, generated 2.124 billion yuan in revenue, marking a growth of 30.22% [1]. - The small home appliance business reported a revenue of 1.386 billion yuan, reflecting a significant increase of 68.60% [1]. Group 2: Business Strategy - The company plans to diversify its customer base, product categories, and regional presence while enhancing its global production capacity and overseas supply chain [2]. - Dechang aims to continue its strategic partnerships with major international appliance manufacturers and regional leaders to strengthen its market position [1][2]. Group 3: Automotive Components Business - The automotive components segment emerged as a new growth driver, with revenue reaching 412 million yuan in 2024, a remarkable increase of 104.54% [3]. - Dechang has successfully integrated into the supply chains of renowned Tier 1 suppliers like Valeo and ZF, with nine new projects adding a total sales value exceeding 2.3 billion yuan [3]. - The company is focused on domestic substitution and expanding international projects in the automotive sector, particularly in advanced technology areas [3].

证券代码：300123 证券简称：亚光科技 亚光科技集团股份有限公司投资者关系活动记录表 编号：2025-003 | 投资者关 | ■特定对象调研 □分析师会议 | | --- | --- | | 系活动类 | □媒体采访 □业绩说明会 | | 别 | □新闻发布会 □路演活动 | | | □现场参观 □其他(请文字说明其他活动内容) | | | 苏立赞 东吴证券 | | 参与单位 | 高正泰 东吴证券 | | 名称及人 | 陈鼎如 中泰证券 | | 员姓名 | 邢 皓 鹏扬基金 | | | 李 峰 东方自营 | | 时间 | 2025 年 5 月 21 日 | | 地点 | 公司会议室、成都亚光会议室 | | | 饶冰笑 亚光科技副总经理、董事会秘书兼财务总监 | | | 杨晓瑜 成都亚光研发副总 | | 上市公司 接待人员 | 袁小华 成都亚光财务总监 | | 姓名 | 徐 涛 成都亚光研发部长 | | | 何 猛 成都亚光市场总监 | | | 刘梦瑶 亚光科技证券事务代表 | | | 1、砷化镓/氮化镓射频芯片有突破吗，能替换什么？ | | | 回复：砷化镓信道类MMIC已基本铺齐，实现自主可控，可持续 ...

Core Viewpoint - The report outlines the ongoing supervision and compliance of Suzhou Shengke Communication Co., Ltd. by China International Capital Corporation, emphasizing the company's commitment to governance, compliance, and strategic R&D investments despite facing financial losses. Ongoing Supervision - The sponsor has established a robust supervision system and executed a work plan for ongoing oversight of Shengke Communication [1][2] - A continuous supervision agreement has been signed, detailing the rights and obligations of both parties during the supervision period [1] - No violations or illegal activities have been reported during the supervision period [2][3] Financial Performance - The company reported a net loss of 68.26 million yuan, an increase in loss of 48.73 million yuan compared to the previous year, primarily due to increased R&D investments [4][5] - R&D expenses reached 428.46 million yuan, a 36.40% increase year-on-year, reflecting the company's long-term strategy focused on innovation [4][5] - The basic earnings per share decreased to -0.17 yuan, and the diluted earnings per share also fell to -0.17 yuan [18] R&D and Innovation - R&D investment accounted for 39.61% of operating revenue, an increase of 9.33 percentage points from the previous year, indicating a strong commitment to innovation [19] - The company has developed a series of high-capacity Ethernet switch chips, with initial deliveries made in 2024, enhancing its market position [19][20] - The company holds 1,418 intellectual property rights, including 1,225 invention patents, showcasing its focus on technological advancement [25][26] Market Position and Competitive Advantage - Shengke Communication maintains a strong competitive edge in the Ethernet switch chip market, leveraging its deep understanding of network demands and trends [19][20] - The company has established long-term partnerships with major domestic network equipment manufacturers, enhancing customer loyalty and market penetration [22][23] - The company actively participates in industry standard-setting organizations, reinforcing its position in the evolving network technology landscape [21] Risks and Challenges - The company faces risks related to ongoing financial losses, high R&D expenditures, and potential market fluctuations that could impact profitability [5][6] - There is a risk of core talent loss due to competitive pressures in the semiconductor industry, which could affect the company's innovation capabilities [7][8] - The company is also exposed to macroeconomic risks, including potential impacts from international trade policies and currency fluctuations [12][14]

星标 ★ IPO日报 精彩文章第一时间推送 近日，常州光洋轴承股份有限公司（下称"光洋股份"，002708.SZ）发布公告称，公司正在筹划发 行股份及支付现金方式购买宁波银球科技股份有限公司(下称"银球科技")100%股权并募集配套资 金事项。本次交易预计构成重大资产重组，不构成重组上市。 公司股票自2025年5月19日开市起停牌。公司预计在不超过10个交易日的时间内披露本次交易方 案。 那么，银球科技的经营表现如何？牵手光洋股份，能否擦出火花？ 制图：佘诗婕 曾独立IPO IPO日报发现，银球科技在2022年启动A股上市辅导工作。 2023年12月，银球科技相关负责人还参加了宁波股权交易中心发起的拟上市企业座谈研讨会，其 指出，"这场研讨会我们受益匪浅，对把握上市节奏、申报节点等内容更了解，也更具备信心。" 一年多时间过去，银球科技选择放弃独立IPO，而以并购重组方式间接上市。 目前，银球科技在家电领域的客户包含美的、格力、戴森、卧龙电驱等，在汽车领域的客户包含日 本电产、松下集团等。 宁波市经信局在一篇文章中曾介绍过银球科技的行业地位与营收体量。2024年，银球科技营收超 6.5亿元，同比增幅30%。 据 ...

Group 1 - The core viewpoint of the article highlights that Aiguang Technology has been focusing on independent and controllable development in the military electronics sector since 2020, with ongoing efforts in domestic substitution and verification of older products based on client requirements [2] - The company attributes its consecutive years of losses to three main factors: asset impairment in the shipbuilding sector, high financial costs and depreciation due to a heavy asset operation model, and delays in client procurement and delivery in the military electronics sector leading to lower-than-expected revenue and profit [2] - Aiguang Technology emphasizes its commitment to improving performance through focusing on military electronics, optimizing technical layout, enhancing order delivery efficiency, and revitalizing shipbuilding assets [2] Group 2 - In terms of accounts receivable management, the company notes that the military industry generally has a long payment cycle, but the client base is stable and poses manageable risks [2] - To enhance liquidity, Aiguang Technology has adjusted its bad debt provision policy and established a special team to strengthen collection efforts [2] - The company has achieved preliminary results in areas such as integrated circuit design and system-level packaging, with future focus on high-density integrated packaging, high-power MMIC, and GaN composite function technology to accelerate domestic substitution [3] Group 3 - Aiguang Technology currently has military electronics orders amounting to approximately 400 million yuan and plans to alleviate financial pressure through asset disposal and debt structure optimization, aiming for market breakthroughs by 2025 [3]