CPS Technologies (CPSH) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Good morning, and welcome to the CPS Technologies First Quarter twenty twenty five Earnings Call. At this time, all participants have been placed on a listen only mode. The floor will be open for questions and comments following the presentation. It is now my pleasure to turn the floor over to your host, Chuck Griffith, Chief Financial Officer at CTS Technologies. Chuck, the floor is yours. Thank you, Tom, and good morning, ever ...

【SynBioCon】 获 悉， 4月25日，农业农村部办公厅印发了《养殖业节粮行动实施方案》的通知。文件支持 充分挖掘利用非粮饲料资源 ，如 农作物 秸秆 等； 增补开发潜力较大的微生物、微藻、昆虫等新饲料原料 ；支持有序开展 发酵饲料产品生产许可 。 该文件是继 2023年8月 农业农村部发布的 《饲用豆粕减量替代三年行动方案》 之后再次明确持续推进饲料粮减量替代，推动养殖业节粮降耗、降本增 效。 正文如下： 农业农村部办公厅关于印发 《养殖业节粮行动实施方案》的通知 为贯彻落实党中央、国务院关于践行大食物观、构建多元化食物供给体系和粮食节约行动的部署安排，按照《农业农村部关于实施养殖业节粮行动的意 见》要求，在保障粮食和重要农产品稳定安全供给前提下，持续推进饲料粮减量替代，推动养殖业节粮降耗、降本增效，农业农村部制定了《养殖业节粮 行动实施方案》。现印发至各单位，请结合本地实际，细化目标任务，采取务实举措，认真抓好贯彻落实。 农业农村部办公厅 2025年4月25日 养殖业节粮行动实施方案 一、行动目标 统筹推进提效节粮、开源节粮、优化结构节粮三方面措施，力争到2030年，标准化规模养殖方式的每公斤动物产 ...

This brain chip is the future of learning because the way you gain knowledge today is broken. Sitting in front of a teacher who hates their life and only read the textbook last night is not only exhausting but also plain boring. You're bound to forget what you learned in school.Your memory is like Swiss cheese with holes in random places just rotting away. But it doesn't have to be that way. It won't always be that way.Envision yourself with a Neuralink brain chip. Now you have perfect recall, infinite memo ...

Financial Data and Key Metrics Changes - Orders increased by 12% and revenue grew by 11%, with profit rising to $2.1 billion, a 38% increase year-over-year, leading to margins of 23.8% [8][33] - Earnings per share (EPS) reached $1.49, up 60% year-over-year, while free cash flow was $1.4 billion, down 14% [9][34] - Working capital was a source of cash, primarily from contract assets, with inventory increasing to prepare for higher output [34] Business Line Data and Key Metrics Changes - In Commercial Engines & Services (CES), orders were up 15%, with services orders increasing by 31% and revenue up 14% [36] - Defense & Propulsion Technologies (DPT) saw flat orders year-over-year, with services up 14% and revenue growing by 1% [40][41] - CES profit was $1.9 billion, up 35%, while DPT profit increased by 16% [38][41] Market Data and Key Metrics Changes - The commercial services backlog grew to over $140 billion, with a noted lag in converting orders to revenue due to supply chain dynamics [15] - Spare parts delinquency increased over 2x year-over-year, indicating challenges in meeting demand [15] Company Strategy and Development Direction - The company is focused on service and readiness, with a $170 billion backlog and approximately $3 billion in annual R&D spending [7][8] - GE Aerospace is investing $1 billion in U.S. manufacturing and hiring over 5,000 U.S. workers to support domestic manufacturing efforts [11] - The company is advocating for zero-for-zero tariffs in the aviation sector to maintain competitiveness [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining full-year guidance despite macroeconomic uncertainties, expecting low double-digit revenue growth and profit between $7.8 billion to $8.2 billion [44][45] - The company is taking a cautious approach to second-half expectations, adjusting for potential tariff impacts and a slowdown in departures [46][47] Other Important Information - The company is leveraging its FLIGHT DECK operating model to address supply chain constraints and improve operational efficiency [18][25] - The LEAP engine is expected to see significant growth, with external shop visits growing over 60% in the first quarter [24] Q&A Session Summary Question: Comments on tariffs and interactions with the administration - Management has engaged with senior administration officials, advocating for a return to a zero-tariff approach, emphasizing the sector's $75 billion trade surplus [58][61] Question: Margin expectations in light of tariffs - Management expects continued momentum into the second quarter, with revenue growth better than the first quarter and profit dollars flat to sequentially up [72] Question: Departure growth assumptions for the second half - Management is taking a conservative view on departures, expecting minimal growth in the second half due to potential softening in the U.S. market [80][83] Question: Pricing strategy amidst tariffs - The company plans to implement typical catalog price increases later in the summer while also considering temporary surcharges to offset tariff impacts [92][94] Question: Spare parts purchasing dynamics - No pre-buys were observed in January, with spare parts revenue growth driven by a strong backlog and ongoing demand [100][102] Question: Impact of executive orders on the defense sector - Management views recent executive orders positively, as they may streamline acquisition processes and support growth in defense exports [148] Question: Rare earths and supply chain management - The company is actively managing inventory and sourcing strategies for rare metals, currently not seeing significant issues [152] Question: Balancing price increases and demand - Management aims to balance price increases to offset tariffs while avoiding demand destruction, maintaining a focus on customer relationships [158]

Z Highlights 姚顺 雨 是斯坦福大学自然语言处理研究员， OpenAI 员工 ，专注于强化学习与语言模型融合研究。本文译自姚顺 雨 于 2025 年 4 月 10 日发布的英文博客 《 The Second Half 》，内容整合了他在斯坦福课程 CS224N 及哥伦比亚大学前沿论坛的核心演讲观点。 我们正处于AI的中场阶段。几十年来，AI的核心一直是开发新的训练方法和模型。这条路奏效了：从在国际象棋和围棋上击败世界冠军，到在SAT和律师 资格考试中超越大多数人类，甚至赢得IMO和IOI金牌。 这些载入史册的里程碑——DeepBlue、AlphaGo、GPT-4，以及o系列模型——背后是AI方法的根 本性创新：搜索、深度强化学习、模型规模化，以及推理。 一切都在不断变得更好。 那现在究竟发生了什么变化？用三个词概括：强化学习终于奏效了。更准确地说：强化学习终于具备了泛化能力。经历了多次重大的绕行与一系列里程碑 之后，我们终于找到了一个通用的有效配方，能够利用语言和推理解决各种各样的强化学习任务。哪怕是在一年前，如果你告诉大多数AI研究人员，一个 统一的方法可以同时解决软件工程、创意写作、IMO级别 ...

行情速递 ① 主 板 领 涨 ， 御 银 股 份 (+10.12%)/ 盛 路 通 信 (+10.09%)/ 武 汉 凡 谷 (+10.05%)/ 华 脉 科 技 (+10.04%)/通宇通讯(+10.04%)/ ②创业板领涨， 达利凯普(+20.01%)/硕贝德(+20.00%)/慧翰股份(+19.23%)/ ③科创板领涨， 世华科技(+20.02%)/灿勤科技(+20.02%)/中润光学(+12.68%)/ ④活跃子行业， SW通信网络设备及器件(+3.16%)/SW通信线缆及配套(+2.69%)/ ① 托普云农，发布2024年年度报告/2024年公司实现总营业收入4.89亿元/ 同比增长6.41%/实现归母净利润1.23亿元/同比增长7.35%/ ② 天孚通信，发布2024年年度报告/2024年公司实现总营业收入32.52亿 元/同比增长67.74%/实现归母净利润13.44亿元/同比增长84.07%/ ③ 大族数控，发布2024年年度报告/2024年公司实现总营业收入33.43亿 元/同比增长104.56%/实现归母净利润3.01亿元/同比增长122.2%/ ④ 中熔电气，发布2024年年度报告/20 ...

when neuralink showed their monkey playing a video game with no hands in 2021 you probably didn't realize they actually implanted two nural links with one on each side of his brain to capture and decode brain signals the monkey played the game normally then because nurlink could read his brain signals they disconnected the joystick and sent those signals to the computer directly now Nolan Alex and Brad who are all paralyzed were all in planted with neurolinks in Phoenix Arizona and can also play video games ...

These highresolution cameras help brain surgeons avoid damaging any blood vessels when inserting the Neuralink. This video shows Neuralink surgeons using the lasso tool to highlight important brain areas based on images from magnetic field. It's incredible how fast these targets are created, but they're needed for the robot to insert these very tiny threads into the brain tissue.The alternative is called a Utah array, which looks like this. It's a square grid of big sharp needles that gets stamped into a br ...

if Elon Musk offered you a brain chip you probably wouldn't care to see the many layers inside the small neuronic implant that can both read your brain activity and stimulate brain activity the layers inside include a wireless charging coil the threads that are inserted into the brain tissue and four chips used to process the 1,24 streams of brain data but keep in mind your brain is constantly running and the neuralink implant can't just go to sleep it packs a big punch in a tiny package so that you don't h ...