证券研究报告 | 北交所定期报告 | | --- | hyzqdatemark 2025 年 05 月 11 日 证券分析师 赵昊 SAC：S1350524110004 zhaohao@huayuanstock.com 万枭 SAC：S1350524100001 wanxiao@huayuanstock.com 北交所即将迎来 2025 年第四家公司上市，10 余家公司已过会待发行 ——北交所周观察第二十五期（20250511） 投资要点： 风险提示：宏观经济环境变动风险、市场竞争风险、资料统计误差风险 请务必仔细阅读正文之后的评级说明和重要声明 图表目录 | 图表 | 1： | 战略配售发行数量为 | 万股 | 1,800.00 | 4 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 图表 | 2： | 部分使用了钛合金的消费电子产品 4 | | | | | | | | | | | | | | | ...

证券代码：831961 证券简称：创远信科 公告编号：2025-034 创远信科（上海）技术股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 投资者关系活动类别 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 7 日、8 日 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 活动地点：上海浦东新区 参会单位及人员：西部证券股份有限公司、东吴证券股份有限公 司、国海证券股份有限公司、华源证券股份有限公司及其邀请的投资 者 上市公司接待人员：董事长冯跃军先生；财务总监、董事会秘书 王小磊女士 三、 投资者关系活动主要内容 本次投资者关系活动的主要问题及公司对问题的回复概要如 下： 问题 1：请介绍一下 2025 年一季度公司业绩情况？ 回复：您好！感谢您关注创远信科。2025 年一季度公司财务状 况持续向好，实现营业收入 6,091.41 万元，同比增长 27.47%；经 营活动产生的现金流量净额、归属于上 ...

东莞铭普光磁股份有限公司 投资者关系活动记录表 编号：2025-01 | 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 | 线上参与公司2024年度网上业绩说明会的投资者 | | 人员姓名 | | | 时间 | 2025年5月9日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 董事长、总裁 杨先进先生 | | | 副总经理、财务总监 杨勋文先生 | | 上市公司接待人 员姓名 | 副总经理、董事会秘书 王妮娜女士 | | | 独立董事 缪永林先生 | | | 保荐代表人 陈李彬先生 | | | 1.请问公司800G光模块进入量产了嘛？ | | | 答:尊敬的投资者，您好！公司2025年取得了新的光通信领域应用发明专 | | 投资者关系活动 | 利。公司始终坚持技术自主创新，利用硅光技术的优势，抓住AI高算力时代 | | 主要内 ...

5G又有重磅驱动！ 今日午后，A股5G概念股局部异动，武汉凡谷直线涨停，硕贝德涨超10%，创远信科直线拉涨超13%，硕贝德、广哈 通信、华脉科技、瀛通通讯等纷纷冲高。 据央视新闻报道，最近，不少北京移动和联通用户发现手机上出现了5G高级（下文称"5G-A"）信号。报道认为， 5G-A和5G相比，能够在容量、速率、时延、定位、可靠性等方面实现大幅提升，可以带来更快、更优质的通信体 验，并有望实现低成本千亿物联。 据业内专家介绍，中国电信运营商已在全国31个省区部署了5G-A试验网络，初期容量可支持5000万用户。该技术也 已在欧洲、拉美、中东等全球其他地区得到验证。中国移动表示，计划今年投资近100亿元人民币（约合14亿美 元），扩展其5G-A无线网络中基于人工智能的应用，并升级超过40万个基站。中国电信等其他运营商正在多个行业 试点5G-A解决方案。 与此同时，中国联通计划在39个重点城市和300多个城市应用区启动5G-A，覆盖物联网（IoT）、车联网（IoV）和 工业互联网等关键场景。目前，中国移动已公布100个支持5G-A网络的试点城市，并计划在今年年底前将覆盖范围 扩大到全国300多个城市。仅在北京，就 ...

A股6G概念股拉升，创远信科、硕贝德涨超10%，陕西华达涨超8%，广哈通信、通宇通讯跟涨。 ...

Core Viewpoint - The emergence of 5G-A signals in Beijing indicates a significant upgrade in mobile network capabilities, promising enhanced communication experiences and broader applications across various industries [1][3]. Group 1: 5G-A Overview - 5G-A offers substantial improvements over 5G in terms of capacity, speed, latency, positioning, and reliability, potentially supporting 500 million IoT devices [3]. - The technology is currently being tested across 31 provinces in China and has been validated in regions such as Europe, Latin America, and the Middle East [3]. Group 2: Operator Strategies - Major telecom operators are rapidly advancing their 5G-A initiatives, with China Mobile planning to invest nearly 10 billion yuan to upgrade over 400,000 base stations [7]. - China Telecom aims to implement 5G-A applications across various industries and scenarios, collaborating with the supply chain for innovative pilot projects [7]. - China Unicom intends to launch 5G-A in 39 key urban areas and over 300 significant city scenarios this year [7]. Group 3: Applications and Opportunities - The robust communication capabilities of 5G-A will enhance traditional industries by enabling more efficient device connectivity and data transmission, leading to smarter and more automated production processes [9]. - The integration of 5G-A with AR technology is expected to mature spatial computing platforms and support advanced technologies like brain-computer interfaces [9]. - 5G-A's capabilities will facilitate immersive applications such as XR (extended reality), holographic communication, and cloud gaming, while significantly improving response times for emergency communications and telemedicine [10].

Q&A • 创远信科秉持"1+3"战略，聚焦高端无线通信测试仪器主业，并将其应 用于 5G/6G 无线通信、车联网及低轨卫星/低空通信三大领域，致力于技 术创新，服务国家战略目标。 • 车联网技术发展推动对无线通讯的需求，包括车辆内部网络高带宽、抗干 扰能力，以及车辆与网络实时联系的宽带通讯，C-V2X、EUHT 等协议及 5G 应用发挥重要作用。 • 低轨卫星互联网以星链计划为代表，中国亦有星网等项目，旨在实现地面 宽带移动互联接入，并逐步融合 6G 技术，同时低空移动网络将开放给无 人机及可飞行汽车。 • 创远仪器凭借微波毫米波及测试技术荣获国家科技进步奖二等奖，并推出 了空天地测量体系，拥有四个办事处负责射频、5G/6G 研发、无线电监测 及各种业务测试。 • 创远信科在车联网及智能驾驶领域推出 OTA 测试方案，构建模拟空间环境， 提供 C-V2X 等宽带网络协议测试设备，为智能驾驶提供可靠的数据链支持。 创远信科的公司背景和基本情况是什么？ 创远信科成立于 2005 年，专注于研发无线通信和射频微波测试仪器以及整体 解决方案。2024 年的收入为 2.3 亿元，累计申请国内外专利 526 项，员工约 ...

Group 1: Event Overview - The 27th China Beijing International Science and Technology Industry Expo opened on May 8 at the National Conference Center, with Dongcheng District showcasing a "Science and Innovation Golden Triangle" theme and inviting 35 companies to participate [1] - The Dongcheng exhibition area launched 21 new products and technologies, including 5 in the "Technology + Culture" sector, 4 in "Technology + Healthcare," and 12 in "Technology + Future Industries" [1] Group 2: Key Exhibits and Innovations - The highlight of the cultural industry section was the Poly Culture's multi-functional cultural relic holographic display cabinet, which has obtained patents for its design and a 3D holographic interactive system, allowing viewers to interact with digital models and real artifacts [1] - In the healthcare sector, Beijing Union Medical College Hospital showcased two original automated dental pulp treatment devices and a digital assessment and intervention system for frailty and sarcopenia, while MaiSheng Medical presented a miniaturized proton therapy device for cancer treatment [2] - The "Technology + Future Industries" circular exhibition area focused on four advanced fields: AI + headquarters digitization, Beidou navigation + smart cities, 6G + next-generation communication technology, and new energy and green low-carbon transformation [3] Group 3: Industry Development and Future Outlook - Dongcheng District aims to establish a new benchmark for integrated development of "Science and Innovation + Livability and Employment," focusing on chip design, healthcare, and central enterprise digitization [3] - The area is strategically developing a 10.8 square kilometer zone with a "three-axis, three-core, multi-point" layout, attracting major foreign enterprises like Intel and Qualcomm, and top financial institutions [3] - The resource aggregation in the "Science and Innovation Golden Triangle" is expected to significantly enhance the district's innovation capacity in the next two years [3]

Group 1 - The core event of the China Brand Day in Sichuan will take place from May 9 to 11 at Chengdu Dongjiao Memory, showcasing innovative products and promoting local brands [1] - Three significant products will be highlighted during the "Charming Tianfu Brand Night": the world's first gallium nitride quantum light source chip, a leading e-Flash radiotherapy device, and a domestically developed amphibious drone [1][4] - The event aims to foster the integration of technological innovation and industrial development, with a focus on storytelling about the journey of scientific achievements from concept to market [1] Group 2 - Sichuan is accelerating the development of key industries, including artificial intelligence and low-altitude economy, while establishing innovative industrial clusters in chips, robotics, and drones [4] - The "Chuanzao Technology Zone" will feature high-profile technological innovations such as humanoid robots, hydrogen drones, and electric vertical take-off and landing aircraft [4] - The "39 Market" will gather over a thousand unique products from 39 underdeveloped counties, showcasing local specialties and promoting regional economic development [4][5]

Group 1: Company Performance Highlights - The company achieved a revenue of ¥4,661,219,937.52 in 2024, representing a growth of 48.97% compared to the previous year [3] - Net profit attributable to shareholders reached ¥622,308,886.15, marking a 74.73% increase year-on-year [3] - The net cash flow from operating activities was ¥511,044,075.67, up by 57.99% from the previous year [3] Group 2: Product Performance and Market Demand - RF connectors and interconnect systems have a high and stable market share in the mobile terminal sector [2] - The electromagnetic compatibility components have made significant progress in non-mobile consumer electronics, achieving large-scale production and delivery to key clients [2] - Automotive connector revenue has seen rapid growth, with a market share continuously increasing [2] Group 3: Strategic Plans and Future Outlook - The company plans to focus on the 5G technology and AI mobile sectors while expanding its overseas customer base in non-mobile consumer electronics [2] - Future product development will include enhancing Ethernet products related to automotive intelligence and expanding into fields like humanoid robots and AI data centers [2] - The company aims to strengthen its domestic production capabilities to meet the growing demand for automotive connectors as China increases its automotive production capacity [5] Group 4: Challenges and Improvement Measures - The company acknowledges that its overseas business has room for profit margin improvement compared to domestic operations [4] - Management will be optimized to enhance efficiency and address challenges in overseas operations [4] - The company has no current plans for mergers or acquisitions but will seek opportunities for collaboration and capital operations to enhance synergy [5] Group 5: Financial Health and Shareholder Returns - The company maintains a low debt ratio, with a consolidated debt ratio of 30.49% and a parent company debt ratio of 27.48% [12] - The company has consistently returned profits to investors and aims to balance development with shareholder returns through reasonable profit distribution plans [6] Group 6: Market Position and Competitive Edge - The company is a leading supplier in the domestic RF connector industry and has entered the supply chains of major global smartphone brands [9] - It has been recognized as one of the top 100 electronic component enterprises in China for nine consecutive years [9] - The company is committed to quality and service, which has been a key strategy for increasing market share [11]