如果您希望可以时常见面，欢迎标星收藏哦~ 来源：本文编译自zdnet ，谢谢。 日本电路板行业龙头企业揖斐电预测AI服务器电路板市场将出现高增长。预计未来5至6年内相关 业务部门的销售额将呈阶梯式增长，增长2.5倍。国内企业三星电子、LG Innotek等也有望受益于 AI服务器基板市场的扩大。 业界认为，今年AI服务器的FC-BGA（倒装芯片球栅阵列）市场预计将出现以全球大型科技公司为 中心的大幅需求扩张。 FC-BGA行业龙头企业揖斐电（IBIDEN）近日在电话会议中预测，其2025财年（2025年4月1日至 2026年3月31日）的总销售额将同比增长11%。 尤其是包括FC-BGA等半导体基板业务在内的电子部门，预计销售额将达到240亿美元，营业利润 将达到33亿美元。与上一年相比，这两个数字分别增长了22%和23%。 主要背景是AI服务器市场的增长。 揖斐电表示："即使在需求逐渐扩大的情况下，PC市场也需要 谨慎，通用服务器的需求趋势仍然不确定。"他补充道，"AI服务器的强劲需求持续增长。" FC-BGA是利用'倒装芯片凸点（将芯片倒装的方法）'连接半导体芯片和基板的封装基板。与现有 封装中主要使用的 ...

Core Viewpoint - The company reported a significant increase in total revenue for 2024, but faced a decline in net profit, indicating a mixed financial performance driven by growth in specific sectors like automotive electronics and energy [1][3]. Financial Performance - In 2024, the company achieved total revenue of 1.96 billion yuan, a year-on-year increase of 49.53% [1]. - The net profit attributable to shareholders was -403 million yuan, a decrease of 31.95% year-on-year [1]. - In Q4 2024, the company recorded revenue of 594 million yuan, reflecting a year-on-year growth of 91.64% and a quarter-on-quarter increase of 14.93% [2]. Sector Performance - Revenue from the automotive sector accounted for approximately 36.88% of total revenue, with a year-on-year increase of 5.93 percentage points [3]. - The energy sector contributed 49.49% to total revenue, experiencing a year-on-year decline of 10.03% [3]. - The consumer electronics segment represented 13.63% of total revenue, with a year-on-year increase of 4.12% [3]. R&D and M&A Activities - In 2024, the company invested 540 million yuan in R&D, with a research expense ratio of 27.55% [4]. - The company completed the acquisition of Maiguan, enhancing its core competitiveness in magnetic sensors [4]. - The company now offers over 3,300 product SKUs, including more than 1,000 from Maiguan [4]. Future Outlook - The company anticipates limited downward price pressure on products, coupled with ongoing cost optimization, which may lead to gradual recovery in gross margins [3]. - Despite short-term performance challenges, the company is expected to achieve long-term growth driven by new product launches in automotive and energy sectors [5]. - Projected net profits for 2025, 2026, and 2027 are estimated at -92 million yuan, 148 million yuan, and 417 million yuan, respectively [5].

丨证券研究报告丨 公司研究丨点评报告丨纳芯微（688052.SH） [Table_Title] 新品逐步放量，持续成长可期 报告要点 [Table_Summary] 2024 年，公司实现总营业收入 19.60 亿元，同比增长 49.53%；实现归母净利润-4.03 亿元， 同比减少 31.95%。2024Q4，公司实现营收 5.94 亿元、同比+91.64%、环比+14.93%，收入环 比持续增长；实现归母净利润 0.05 亿元。 分析师及联系人 [Table_Author] 杨洋 张梦杰 SAC：S0490517070012 SAC：S0490523120002 SFC：BUW100 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Title2] 新品逐步放量，持续成长可期 [Table_Summary2] 事件描述 2025 年 4 月 9 日，纳芯微公告《2024 年年度报告》。2024 年，公司实现总营业收入 19.60 亿 元，同比增长 49.53%；实现归母净利润-4.03 亿元，同比减少 31.95%。2024Q4，公司实现营 收 ...

申请入围"中国IC独角兽" 半导体高质量发展创新成果征集 据知情人士透露，韩国政府计划限制 HBM （高带宽内存）设备的出口，特别是关键的 TC Bonder （热压键合机）设备。据悉，韩国政府已要求本土主要 的 TC Bonder 制造商，暂停向特定国家和地区的客户交付设备，同时收紧对相关技术出口的审批流程。 HBM TC Bonder 在深入探讨韩国断供事件之前，我们先来了解一下 TC Bonder 到底是什么，以及它在半导体行业中为何如此重要。 TC Bonder ，也就是热压键合机，别看它只是一台设备，却是半导体封装环节中的 " 关键先生 " 。尤其在 HBM 的制造过程中，它承担着将多个 DRAM 芯 片精准堆叠并实现电气连接的重任。打个比方，如果把 HBM 比作一座高楼大厦，那么 TC Bonder 就是那位技艺精湛的 " 建筑大师 " ，负责将每一块 " 芯 片砖块 " 严丝合缝地堆叠起来，确保整座 " 大厦 " 能够稳定运行。 目前，根据填充材料的不同，热压键合技术分为 TC-NCF 、 TC-NCP 、 TC-CUF 、 TC-MUF 等多种类型；而依据基板材料的差异，又有 Chip-to- ...

证券代码：300644 证券简称：南京聚隆 南京聚隆科技股份有限公司 投资者关系活动记录表 编号：2025-003 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活 | 业绩说明会 媒体采访  | | 动类别 | 新闻发布会 路演活动 | | | 现场参观 | | |  其他 （线上交流） | | | 第一场：线上交流 永赢基金、弘毅远方基金、中泰证券、华安证券、山西证券、 | | 参与单位名称 | 招商证券、平安证券、东吴证券、首创证券、瑞奇期货、中信 | | 及人员姓名 | 信托、中原农业保险等，共 12 人。 | | | 第二场：业绩说明书 | | | 线上参与 年度网上业绩说明会的投资者。 2024 | | | 第一场：线上交流 | | 时间 | 年 月 日上午 10:00-11:00 2025 5 9 | | | 第二场：业绩说明会 | | | 年 月 日下午 15:00-17:00 2025 5 9 | | 地点 | 第一场：腾讯会议 | | | 第二场：全景网 第一场：线上交流 | | | 副总裁、董事会秘书 范悦谦先生。 | | | 第二场：业 ...

证券代码：300610 证券简称：晨化股份 扬州晨化新材料股份有限公司 投资者关系活动记录表 编号：2025-005 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 □其他 （请文字说明其他活动内容） 参与单位名称及 人员姓名 华创证券：申起昊；鑫巢资本：范承杰； 景林资产：周轶祺；中欧基金：薛义铮。 时间 2025 年 5 月 8 日 地点 上海浦东香格里拉大酒店；上海中心大厦。 上市公司接待人 员姓名 董事、副总经理、董事会秘书 吴达明 投资者关系活动 主要内容介绍 1、请公司具体介绍一下表面活性剂行业的情况。 我国表面活性剂行业已经发展成为一个产量巨大、品种丰富的行 业。在表面活性剂向功能化、绿色化发展的大趋势下，我国已经基本 上完成了对大宗表面活性剂产品关键技术的攻关、先进生产工艺设备 的引进和国产化，正大力发展在新兴应用领域所需的具特殊功能的新 品种和传统应用领域所需的高品质、高性价比、符合绿色消费理念的 新产品。表面活性剂领域产品众多，国内虽已有多家上市企业，但以 生产烷基糖苷为主要产品的上市企业较少，而生产聚醚胺的国内上市 公司 ...

当人工智能的浪潮席卷全球，北京正以科技创新之姿，成为AI大模型领域的战略高地。从智源研究院的"悟道"大模型问世，到"天使投资人"模式孵化顶尖 学者，再到月之暗面、DeepSeek、智谱等人工智能独角兽崛起，这座城市不仅汇聚了前沿技术，更以开放生态孕育突破性成果。 如今，北京正积极打造"全球开源之都"，一大批研发机构、企业积极拥抱开源，而开源也已深入到汽车、机器人等众多行业。发展AI将是一场科技长征， 新京报AI研究院将深度访谈此次AI浪潮的亲历者与见证人，讲述AI竞争新格局与背后的故事。 开栏语 清程极智联合创始人师天麾。受访者供图 人工智能是年轻的事业，也是年轻人的事业。 清程极智联合创始人师天麾正成为这句话的一个生动的注脚，而他的经历也是当前中国年轻一代AI高端人才的缩影——高中拿下信息学奥林匹克竞赛金 奖保送清华大学，大学确定了系统和高性能计算的研究方向，博士毕业后成为中国科学院计算技术研究所课程讲师、中国信通院万卡智算集群服务能力推 进方阵技术专家。 多个身份标签加持，互联网大厂曾向师天麾抛出高薪的橄榄枝，他最终却选择自己创业，理由也很简单，"做一些不同的事"。在他眼中，大厂"老板安 排"和KPI均是 ...

Company Overview - 伯希和户外运动集团, founded in 2012, is positioned as a high-performance outdoor lifestyle brand in China, advocating the "奔赴自然" (Embrace Nature) philosophy [2] - The company has seen a nearly fourfold increase in revenue over the past three years, with a gross margin of 59.6% [1][3] Financial Performance - From 2022 to 2024, the company's net sales grew at a compound annual growth rate (CAGR) of 122.2%, increasing from 351 million yuan to 1.733 billion yuan [3] - Revenue rose from 378 million yuan to 1.766 billion yuan during the same period, with a CAGR of 115.86% [3] - Net profit increased from 24.3 million yuan to 283 million yuan, achieving a CAGR of 232% [3] - The adjusted net profit margin improved from 7.3% to 17.2% over the three years [3] Product Offering - 伯希和's product lines include four main series: Peak, Professional Performance, Mountain Series, and Classic, catering to a wide range of outdoor scenarios [2] - The company has 572 standard product units in its clothing and footwear categories as of the end of 2024 [2] Market Position - By 2024, 伯希和 is projected to be one of the top three high-performance outdoor apparel brands in China, with a market share of 5.2% [2] - The brand has gained popularity for its "affordable outdoor jackets," selling approximately 3.8 million jackets during the reporting period [3] Sales Channels - Online sales are the primary revenue driver, with direct-to-consumer (DTC) sales increasing from 331 million yuan in 2022 to 1.351 billion yuan in 2024 [5] - Offline retail sales also grew significantly, from 7.3 million yuan in 2022 to 169 million yuan in 2024 [5] - As of the end of 2024, the company operates 146 offline retail stores, primarily in first- and second-tier cities in China [6] Investment and Valuation - The company has attracted significant investment from notable firms, including Tencent, which holds approximately 10.7% of the shares [9] - Following its B-round financing, the company's valuation reached 2.8 billion yuan [10] Industry Outlook - The retail sales of the high-performance outdoor apparel industry in China are expected to grow from 53.9 billion yuan in 2019 to 102.7 billion yuan in 2024, with a CAGR of 13.8% [10] - The segment is projected to be one of the fastest-growing in the functional apparel market, with an expected CAGR of 16% from 2024 to 2029 [10] Future Plans - The company aims to raise funds through its IPO to enhance R&D capabilities, improve product design, and strengthen brand positioning [11] - Plans include expanding digital capabilities and upgrading operational software and systems [11]

每经编辑｜杜宇 5月7日，"华为招聘"微信公众号发布重要提醒： 华为2026届实习生招聘正在如火如荼地进行中，欢迎同学们通过华为招聘官方网站注册简历、投递岗位，参 与华为实习生招聘。 近期，某些中介机构在网络上售卖华为"内推实习""实习推荐信""远程实习"等，已有个别同学上当受骗。在此 提醒各位同学，华为没有"内推实习""远程实习"等实习方式，也从未与任何第三方（中介机构或个人）开展 过任何形式的实习合作。请同学们不要轻信任何需要付费的华为"内推实习""实习推荐信""远程实习"等虚假信 息，如有发现，请发送至talent@huawei.com，由相关同事核实处理。 华为招聘官网（https://career.huawei.com/）是注册简历、投递岗位、应聘进展查询的唯一官方渠道。同学们在 华为招聘官网完成简历注册、岗位投递后，经过面试、录用审批等环节，才能获取实习Offer进入华为实习， 实习结束后，才可在华为人事服务中心开具实习证明，且不会收取任何费用。同学们可通过华为招聘官 网、"华为招聘"微信公众号等官方账号了解华为招聘最新动态，不要轻信网上不实信息。 图片来源：华为招聘官方微信号 另据证券时报4月1 ...

Group 1: Core Insights - The demand for data-centric workloads is increasing in the AI era, posing unprecedented challenges for modern servers, particularly in matching computing power with memory bandwidth [1] - A new memory technology, MRDIMM, has emerged, potentially becoming a key player in the AI storage industry and significantly impacting the memory market [1][2] Group 2: MRDIMM Technology Overview - MRDIMM is based on the LRDIMM architecture, evolving from DDR4 to DDR5, and utilizes a "1+10" configuration to achieve higher memory bandwidth [2] - The first generation of MRDIMM can reach speeds of 8800MT/s, while the second generation is expected to achieve 12800MT/s, with future generations projected to reach 17600MT/s by 2030 [3] Group 3: Performance Improvements - MRDIMM can operate two memory channels simultaneously, effectively doubling the data rate compared to standard DDR5 DIMMs, enhancing overall system performance [3][4] - In tests, MRDIMM demonstrated a 1.2 times improvement in computational efficiency over RDIMM, and a 1.7 times improvement when using TFF MRDIMM with doubled capacity [6][7] Group 4: Industry Developments - Major companies like Intel and AMD are launching processors that support MRDIMM, with Intel's Xeon 6 processors showing a performance increase of up to 33% when using MRDIMM [8][9] - Micron and Rambus have introduced MRDIMM products, with Rambus launching MRCD and MDB chips designed for 12800MT/s MRDIMM [9][10] Group 5: Future Prospects - The second generation of MRDIMM is expected to become the preferred memory solution for high-performance computing and AI applications, with increasing support from various CPU platforms [12] - MRDIMM is anticipated to coexist with HBM technology, offering advantages in capacity, cost-effectiveness, and scalability, thus driving innovation in the memory market [12]