证券代码：300629 证券简称：新劲刚 广东新劲刚科技股份有限公司 投资者关系活动记录表 编号：2025-001 | 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 | 线上参与公司2024年度业绩说明会的投资者 | | 时间 | 2025年4月28日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 董事长兼总经理 王刚 | | | 董事、副总经理 邹卫峰 | | | 财务总监 林鸿雁 | | | 董事会秘书 周一波 | | | 独立董事 张志杰 | | | 投资者关系总监兼全资子公司凯际智能总经理 王翀 | | | 保荐代表人 王雷 1.尊敬的王刚:我23元全仓买入新劲刚，买入的理由基于:公司 | | 投资者关系活动主要内容 | 多次在年报和互动平台上吹嘘订单充足，满负荷生产，每年增长率 | | | 不低于行业 ...

Core Viewpoint - The company, 伯希和, is planning an IPO on the Hong Kong Stock Exchange to raise funds for enhancing R&D capabilities, product design, brand positioning, multi-channel sales network, digital capabilities, and working capital [1] Group 1: Financial Performance - The company reported revenues of 379 million, 908 million, and 1.766 billion yuan for the years 2022, 2023, and 2024 respectively, with adjusted net profits of 27.6 million, 156 million, and 304 million yuan, resulting in a net profit CAGR of 232% [1] - R&D expenditures are projected to increase from 13.6 million yuan in 2022 to 31.5 million yuan in 2024 [1] Group 2: Product Strategy - The company has successfully positioned its jackets as a cornerstone of its brand, selling approximately 3.8 million jackets from 2022 to 2024, with a sales CAGR of 144% [1][2] - The product matrix has expanded to 572 SKUs across four major series, catering to diverse outdoor scenarios [2] Group 3: Sales Channels - The company has established a multi-channel sales network centered on DTC, with online DTC sales revenue growing from 331 million yuan in 2022 to 1.351 billion yuan in 2024, achieving a CAGR of 102% [2] - Offline DTC sales revenue increased from 7.3 million yuan in 2022 to 169 million yuan in 2024, with over 100 stores established in mainland China by the end of 2024 [3] Group 4: Market Outlook - The high-performance outdoor apparel market in China is one of the fastest-growing segments, expected to reach a market size of 215.8 billion yuan by 2029 [3] - Analysts believe the company is well-positioned for long-term growth due to its innovative products, differentiated brand positioning, and excellent operations [3]

关注算力产业的投资人皓天表示，润泽科技净利润低于预期的部分原因是受传统IDC业务改造影响， 影响 业绩金额约3亿元。 " 行业拨乱反正阶段，算力摸底是润泽科技股价下跌的原因之一。 " 作者丨刘伊伦 编辑丨包永刚 4月23日晚，润泽科技（ 300442.SZ ）发布2024年年报，报告发布后，市场反应强烈。次日开盘，润泽 科技股价下跌14.16%，盘中一度跌近17%。当日，算力板块整体也表现不佳。 截至2025年4月25日收盘，润泽科技的市值为788.44亿元，与此前逼近1300亿元的历史高点相比， 市值 近乎腰斩。 报告期内，润泽科技实现营业收入43.65 亿元，同比仅增长0.32%；归属于上市公司股东的净利润为 17.90亿元，同比增长1.62%。此前，国盛证券、兴业证券等发布的研报对其2024年归母净利润预测均超 21亿元，实际17.90亿元的净利润远低于预期，致使投资者信心受挫引发股价下跌。 然而，也有业内人士称，能耗指标以及政府关系才是数据中心运营商面对大厂的核心筹码。产业投资人俊 杰称， 润泽科技能搞定能耗指标以及政府关系才是关键 ，并且头部的数据中心都有英伟达供应商的关 系，能拿到高端N卡供应。 ...

2024年成为中国内地发展最快的高性能户外服饰品牌。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 伯希和户外运动集团股份有限公司 （以下简称 " 伯希和 "）于2025年4月28日 正式向港交所递交招股说明书，拟主板挂牌上市，中金公司和中信证券担任联席保荐人。 这意味着， 伯希和 或将成为 "中国高性能户外生活方式第一股" 。 2012年，「 伯希和 」品牌诞生。 2022年至2024年，「 伯希和 」品牌的净销售额从 3.51亿元以 122.2%的复合年增长率增至17.33亿元。 成立至今， 伯希和 总计完成两轮融资，投资方包括腾讯、启明创投、创新工场、金沙江创投、国元 证券等知名机构以及安徽、青岛两地国资。其中，腾讯于今年 3月完成了对伯希和3亿元的投资。 IPO前，腾讯持有 伯希和 10.70%的股份，为最大机构投资方；启明创投为另一持股超5%的主要机构 投资方，启明创投合伙人王世雨担任 伯希和 非执行董事。 在完成 IPO前最后一轮融资后， 伯希和 的估值为 28亿元人民币。 伯希和 在招股书中表示， IPO募集所得资金净额将主要用 ...

Core Viewpoint - The company, Pelliot, is preparing for an IPO on the Hong Kong Stock Exchange, aiming to raise funds for enhancing R&D capabilities, brand positioning, multi-channel sales networks, and digital capabilities [1] Company Overview - Founded in 2012, Pelliot is a leading brand in high-performance outdoor lifestyle products in China, focusing on outdoor apparel and equipment [1] - The company has experienced rapid growth due to its unique brand positioning, product innovation, and a direct-to-consumer (DTC) multi-channel model [1] Financial Performance - Revenue from 2022 to 2024 showed significant growth: RMB 379 million, RMB 908 million, and RMB 1.766 billion respectively [1] - Adjusted net profit for the same period was RMB 27.6 million, RMB 156 million, and RMB 304 million, with a CAGR of 232% [1] R&D and Product Development - R&D expenditure doubled from RMB 13.6 million in 2022 to RMB 31.5 million in 2024, reflecting a strong commitment to innovation [2] - The company has established a leading design and R&D team with over 10 years of industry experience, focusing on advanced materials and manufacturing technologies [2] - Pelliot has developed proprietary technologies such as STORM BREATH and STORM SHIELD, and has received multiple awards for product innovation [3] Product Strategy - Pelliot initially focused on jackets, which are representative of high-performance outdoor apparel, achieving a CAGR of 144% in sales with approximately 3.8 million jackets sold [4] - The company has expanded its product matrix, with 26 apparel SKUs generating over RMB 10 million in annual sales during 2022-2024 [4][5] Sales Channels - The DTC sales strategy has been pivotal, with online DTC sales growing from RMB 331 million in 2022 to RMB 1.351 billion in 2024, achieving a CAGR of 102% [6] - Offline DTC sales also increased significantly, from RMB 7.3 million in 2022 to RMB 169 million in 2024 [7] Market Position and Recognition - Pelliot is recognized as the fastest-growing high-performance outdoor apparel brand in China, with a CAGR of 127.4% from 2022 to 2024 [8] - The company has attracted significant investment, including a recent RMB 300 million investment from Tencent, making it the fourth-largest shareholder [9] Industry Outlook - The high-performance outdoor apparel market in China is projected to reach RMB 215.8 billion by 2029, indicating strong growth potential for Pelliot [10]

Core Viewpoint - The company, established in 2012, is rapidly growing in the high-performance outdoor apparel market, with significant sales growth projected through 2024, positioning itself among the top local brands in China [3][4]. Company Overview - The company offers a wide range of outdoor apparel and equipment through its flagship brand, focusing on high-performance products for various outdoor activities and urban commuting [3]. - The brand is expected to achieve net sales of RMB 1,733.1 million by 2024, reflecting a compound annual growth rate (CAGR) of 122.2% from RMB 350.9 million in 2022 [3][5]. - The company operates a direct-to-consumer (DTC) multi-channel sales model and has established a loyal customer base among professional athletes and outdoor enthusiasts [3][4]. Product Range - The product portfolio includes clothing and footwear suitable for a diverse customer base, with 572 standard product units (SPUs) as of December 31, 2024 [4]. - The company has developed four product lines under the brand, including Peak Series, Professional Performance Series, Mountain Series, and Classic Series [4]. Industry Growth - The high-performance outdoor apparel market in mainland China is experiencing rapid growth, with retail sales expected to rise from RMB 539 billion in 2019 to RMB 1,027 billion by 2024, representing a CAGR of 13.8% [4]. - The market is projected to reach RMB 2,158 billion by 2029, with a CAGR of 16.0% from 2024 to 2029, making it one of the fastest-growing segments in functional apparel [4]. Financial Performance - The company's revenue for the fiscal years 2022, 2023, and 2024 is projected to be approximately RMB 378 million, RMB 908 million, and RMB 1,766 million, respectively [5][6]. - Net profit for the same periods is expected to be around RMB 24.3 million, RMB 151.9 million, and RMB 283.1 million, indicating strong profitability growth [5][6].

Core Viewpoint - Newhan New Materials (301076.SZ) has reported significant growth in various product categories, including cosmetic raw materials and photoinitiators, achieving a record high in cash flow since its listing [1][4]. Group 1: Financial Performance - In 2024, Newhan New Materials achieved a total revenue of 419 million yuan and a net profit attributable to shareholders of 55.97 million yuan [2]. - The specialty engineering plastics business contributed significantly, generating 175 million yuan, accounting for over 40% of total revenue [2]. - The company reported a net cash flow from operating activities of 139 million yuan in 2024, a year-on-year increase of 525.7% [4]. Group 2: Market and Product Development - Newhan New Materials specializes in producing various aromatic ketone products, including key raw materials for specialty engineering plastics, photoinitiators, and cosmetic raw materials, with applications in aerospace, coatings, inks, cosmetics, and medical fields [2]. - The company’s DFBP is a critical raw material for manufacturing PEEK (polyether ether ketone), which is increasingly used across diverse sectors such as electronics, transportation, and healthcare [2][3]. - The PEEK materials market in China is projected to exceed 2 billion yuan in 2024, with an annual growth rate of 15%-20% [2]. Group 3: Competitive Advantages - Newhan New Materials has established stable partnerships with major global manufacturers in the PEEK field, leveraging its technological advancements and product quality [3]. - The company has strengthened its core competitiveness in cosmetic raw materials, agricultural intermediates, and photoinitiators, with significant revenue growth in these segments [3]. - In 2024, revenue from cosmetic raw materials, agricultural intermediates, and photoinitiators reached 93.58 million yuan, 79.96 million yuan, and 70.84 million yuan, respectively, with year-on-year growth rates of 77.32%, 30.15%, and 6.87% [3]. Group 4: Capacity Expansion and Innovation - Newhan New Materials is expanding its production capacity, planning to build an additional 8,000-ton aromatic ketone production facility to meet increasing customer demand [5]. - The company emphasizes technological innovation, having developed new techniques that enhance product quality and reduce environmental impact [6]. - Newhan New Materials holds 29 invention patents and 21 utility model patents, with plans to strengthen industry-academia-research collaborations [6]. Group 5: ESG Commitment - Newhan New Materials integrates ESG principles into its operations, focusing on sustainable development and stakeholder interests [7]. - The company has a robust cash dividend policy, proposing a cash dividend of 1 yuan per 10 shares for 2024, amounting to 13.45 million yuan, which represents 24% of its net profit [7]. - In 2024, the company effectively controlled greenhouse gas emissions and was recognized as an "Environmental Demonstration Enterprise" in Nanjing [7].

证券代码：301209 证券简称：联合化学 公告编号：2025-005 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 和信会计师事务所（特殊普通合伙）对本年度公司财务报告的审计意见为：标准的无保留意见。 本报告期会计师事务所变更情况：公司本年度会计师事务所由变更为和信会计师事务所（特殊普通合 伙）。 非标准审计意见提示 □适用 √不适用 公司上市时未盈利且目前未实现盈利 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 公司经本次董事会审议通过的利润分配预案为：以80000000股为基数，向全体股东每10股派发现金红利 2元（含税），送红股0股（含税），以资本公积金向全体股东每10股转增4股。 董事会决议通过的本报告期优先股利润分配预案 □适用 □不适用 二、公司基本情况 1、公司简介 公司始终秉承"以质量树品牌，以服务赢信赖"的经营宗旨，坚持技术创新与品质优先，致力于为客户提 供高附加值的产品和卓越的服务体验，推动行业可持续 ...

Core Viewpoint - Northern Huachuang has achieved record performance in its 2024 annual report and Q1 2025 report, with significant revenue and profit growth, but faces pressure for continued growth due to high base effects in the semiconductor equipment sector [1][2][6]. Financial Performance - In Q1 2025, Northern Huachuang reported revenue of 8.206 billion yuan, a year-on-year increase of 37.9%, and a net profit of 1.57 billion yuan, up 38.8% year-on-year, marking the best performance for the same period in history [1][6]. - For the full year 2024, the company achieved revenue of 29.838 billion yuan, a 35.14% increase, and a net profit of 5.621 billion yuan, up 44.1% year-on-year [2][6]. - The company plans a cash dividend of 566 million yuan and a stock distribution of 3.5 shares for every 10 shares held [1][2]. Business Segments - Northern Huachuang's semiconductor equipment segment generated over 21 billion yuan in revenue, accounting for 70.4% of total revenue, with significant contributions from etching and thin film deposition equipment [3][6]. - The electronic process equipment segment saw revenue of 27.706 billion yuan, a 41.28% increase, while electronic components revenue decreased by 13.91% to 2.094 billion yuan [2][3]. Market Trends - The global semiconductor market is experiencing an upturn, driven by advancements in AI, high-performance computing, and recovery in automotive and consumer electronics sectors [6][7]. - The demand for semiconductor equipment is expected to rise, particularly in AI and automotive electronics, with projections indicating a significant increase in chip requirements for advanced vehicles [6][7]. Challenges and Outlook - Despite strong growth, Northern Huachuang faces challenges due to high revenue bases and the need for sustained demand in the semiconductor equipment market [1][7]. - The company’s growth in the semiconductor sector is contingent on the performance of downstream demand, particularly in AI and automotive applications, which are expected to be the main drivers of growth in 2025 [6][7].

为了解决这一问题，英伟达采用了直触式液冷系统——冷却液通过直接安装在GPU和CPU等最热 部件上的冷板循环流动。这种方式的热传导效率远高于空气冷却，使得实现更密集、更强大的配置 成为可能。 与传统蒸发式冷却（需要大量水来冷却空气或水循环）不同，英伟达的方式使用了封闭回路的液体 冷却系统。在这种系统中，冷却液不断循环，不发生蒸发，从而几乎杜绝了水的损耗，大大提高了 用水效率。 据英伟达称，其液冷设计比传统冷却方法的能效高达25倍，用水效率更是高出300倍——这一主张 在运营成本与环境可持续性方面具有重要意义。 如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自techspot ，谢谢。 随着人工智能和高性能计算持续推动对更强大数据中心的需求，整个行业正面临一个日益严峻的挑 战：如何在不消耗不可持续的能源和水资源的情况下，为日益密集的服务器机架进行冷却。传统的 空气冷却系统曾经足以应对早期的服务器硬件，但如今在现代AI基础设施带来的强大热负载面前 已濒临极限。 这一转变在英伟达的最新产品中表现得尤为明显。该公司的GB200 NVL72和GB300 NVL72机架 级系统在计算密度上实现了重大飞跃，每个机架内 ...