新恒汇的主营业务以芯片封装材料为核心，形成 "智能卡业务 + 蚀刻引线框架 + 物联网 eSIM 封测" 的三轮驱动格局： 智能卡业务：作为传统核心板块，2024 年贡献超 70% 营收，其核心产品柔性引线框架全球市占率达 32%，排名第二，客户覆盖中电华大、紫光国微、三 星电子等头部厂商，产品应用于金融 IC 卡、通讯 SIM 卡等场景。公司是国内唯一实现柔性引线框架量产的企业，打破了日本 JX 金属、法国 Materis 等外 企的垄断。 蚀刻引线框架：2019 年开拓的新业务，与智能卡封装工艺协同性强，产品已应用于功率半导体、传感器等领域。据 QYResearch 数据，2023 年全球引线 框架市场规模约 279.2 亿元，预计 2023-2029 年复合增长率 3.8%，国内市场因国产化替代需求增速更快，2022 年规模已达 114.8 亿元。 物联网 eSIM 封测：依托智能卡封测技术延伸，为消费级与工业级贴片卡提供封装测试及个性化写入服务，月产能 3500 万颗，客户包括恒宝股份、楚天 龙等，业务覆盖欧盟、东南亚等海外市场。 虞仁荣出席、敲钟 新恒汇上市：芯片首富虞仁荣的第二家企业收盘开 +22 ...

Core Viewpoint - The 2024 Annual General Meeting of Shareholders for Shenzhen Zhongke Feicai Technology Co., Ltd. is set to discuss various proposals, including financial reports, profit distribution, and the appointment of auditors, amidst a challenging financial performance in 2024. Group 1: Meeting Procedures and Regulations - The meeting will ensure the verification of attendees' identities to maintain order and efficiency [1][2] - Only authorized personnel, including shareholders and company representatives, will be allowed to enter the meeting [1][2] - Attendees must sign in 30 minutes prior to the meeting and present necessary identification documents [2][3] Group 2: Meeting Agenda - The agenda includes the review and voting on several proposals, such as the 2024 Board of Directors' work report and the 2024 Supervisory Board's work report [6][8] - The company will present its 2024 annual report and summary, along with a proposal for profit distribution, which indicates no dividends due to a net loss [9][10] - The meeting will also address the financial budget for 2025 and the appointment of the auditing firm for the upcoming year [12][14][15] Group 3: Financial Performance - In 2024, the company reported a net loss attributable to shareholders of RMB -11.5251 million, a decrease of 108.21% compared to the previous year [21][36] - The total revenue for 2024 was RMB 1.3804 billion, reflecting a year-on-year increase of 54.94% [36] - The company’s operating cash flow was negative at RMB -312.701 million, indicating significant operational challenges [36] Group 4: Future Plans and Proposals - The company plans to apply for a credit limit of up to RMB 5 billion from financial institutions to support business operations in 2025 [15] - A proposal to amend the company's registered capital and revise the articles of association will be presented for approval [18][19] - The board aims to enhance governance and operational efficiency in the upcoming year, focusing on risk management and compliance with regulations [31][32]

Industry Overview - The "Made in China 2025" strategy and the push for high-end manufacturing's intelligent transformation have significantly increased the focus on industrial automation as a key area for enhancing production efficiency and ensuring product quality [1] - The industrial automation instrument industry is experiencing unprecedented development opportunities due to national policies favoring smart manufacturing and industrial internet, as well as support for high-end equipment research during the 14th Five-Year Plan [1] - The global wave of Industry 4.0 and smart manufacturing is driving profound changes in the manufacturing sector, with industrial automation instruments becoming increasingly critical [1] Company Profile - Tianjin Luoyang Bam Automation Technology Co., Ltd. (Luoyang Bam) recently held a notable capital seminar in Shenzhen, attracting attention from various investment institutions and industry experts [2] - The seminar showcased Luoyang Bam's deep expertise in high-stability industrial automation instruments and its ambitious vision for future development, marking a significant step in promoting domestic substitution and leading industry innovation [2] - Luoyang Bam has been committed to the research and manufacturing of high-stability industrial automation instruments, aiming to provide high-quality and reliable automation solutions for clients [2] Technological Advancements - Luoyang Bam is actively pursuing breakthroughs in key areas such as sensor technology and core processing circuits, developing a roadmap for the next generation of instruments [3] - The company has demonstrated core technologies, including sensors based on resonant single-crystal silicon piezoelectric crystals and core processing circuits with self-damping adjustment, which enhance product stability and precision [3] - Luoyang Bam is also focused on creating a collaborative platform for the entire lifecycle of industrial automation instruments, integrating advanced technologies like IoT, big data, and AI for intelligent monitoring and predictive maintenance [3] Future Development Plans - Luoyang Bam plans to deepen its technological layout in high-stability industrial automation instruments and expand applications across multiple industrial sectors [4] - The company aims to seek in-depth cooperation with the capital market to accelerate project advancement and significantly increase its domestic market share while gradually expanding into international markets [4] - The leadership structure, featuring a father-son team, is seen as a unique advantage that provides the company with a strong family heritage and stable development genes, enhancing its competitive edge in the market [4] Market Potential - The successful seminar highlighted Luoyang Bam's outstanding R&D capabilities and quality performance in high-stability industrial automation instruments, signaling significant development potential and growth opportunities to the capital market [5] - With capital infusion and comprehensive resource integration, Luoyang Bam is set to deepen technological innovation and market expansion, contributing to the prosperity of the industrial automation instrument industry [5]

证券代码：300870 证券简称：欧陆通 数据中心电源业务是公司的长期发展战略重点，经过数 年研发投入和业务拓展，公司已经成为主要的境内数据中心 电源生产制造企业之一，相关产品已获得头部服务器生产制 造企业和下游终端客户的高度认可。公司已陆续为浪潮信息、 富士康、华勤、联想、中兴、新华三等国内知名服务器系统 厂商出货，公司也同步与国内头部互联网企业等终端客户保 持紧密合作，综合实力获得了客户的高度认可。 3、公司海外业务拓展进度如何？ 债券代码：123241 债券简称：欧通转债 深圳欧陆通电子股份有限公司 投资者关系活动记录表 编号：（2025-06） | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 业绩说明会 | | 类别 | □新闻发布会 路演活动 | | | □现场参观 | |  | 其他 （线上会议或券商策略会） 富国基金、招商证券、华泰资产、中银基金、太平养老保险、 | | | 华鑫证券、中信建投证券、中银资管、弥远投资、国泰基金、 | | 参与单位名称 | 国信自营、人保资产、博时基金、太平洋资产、广发基金、 | | | 永赢基金、国 ...

Core Insights - The article highlights the theme of "open innovation and technology empowerment" in the context of the China International Financial Expo, focusing on exploring new paths for high-quality financial development [1] - MAXHUB showcases its financial industry solutions that integrate "AI + localization + hyper-convergence" to address multi-level collaboration challenges faced by financial institutions [1][2] Group 1: Digital Collaboration Network - Financial institutions are facing three major challenges: cross-level collaboration barriers, the difficulty of extracting value from massive unstructured data, and the pressure for localization under security needs [2] - MAXHUB has developed a comprehensive collaboration network that includes a hyper-converged video conferencing solution adaptable to various deployment environments, meeting diverse performance, cost, and security needs [2][5] - The AI-powered meeting solution provides real-time features such as meeting minutes, multilingual translation, and automated task generation, transforming lengthy discussions into structured, retrievable knowledge assets [2][5] Group 2: Implementation and Impact - MAXHUB's solutions have been validated in both multinational meetings and remote collaborations, demonstrating high efficiency and security [6] - A state-owned bank replaced over 3,000 terminals in 60 days, achieving seamless integration and covering nearly 800 branches with a high-quality localized meeting experience [6] - In rural areas, MAXHUB screens have improved communication between banks and farmers, significantly reducing loan processing time to just two hours [7] Group 3: Connecting People - The core of financial digitalization is the efficient connection of people, as evidenced by the transformation of large meetings and enhanced interactions between banks and rural clients [10] - MAXHUB's mission is to bridge gaps in connectivity, supporting both large financial institutions and local banks, while facilitating communication across geographical barriers [10] - The collaboration network established by MAXHUB not only enhances operational efficiency but also serves as a vital pathway for improving financial service quality [10]

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 重要会议： 7月9日-10日，2025势银（第五届）光刻产业大会（安徽合肥） 点此报名 添加文末微信，加 光刻胶 群 2025势银（第五届）光刻产业大会 将于 7月9日-10日 在 合肥新站利港喜来登酒店 正式 举行 。 京东方、 中科芯、芯东来、鼎龙、 波米科技、星泰克、永光化学、润晶科技、复旦大学、甬江实 验室、矽磐微、凯诺中星、天璇新材料、南开大学、上海市计量技术研究院、集萃光敏电子材料研 究所、 张江实验室、 久日新材、圣泉集团、奥格、宇瑞化学、安捷伦、中泰氢能、创腾 等24 家产 学研单位 确认参会并发表演讲，以下是会议议程： （企业排名不分先后） 会议议程 王成迁 微系统集成工艺中心主任 中科芯集成电路有限公司 TFT-LCD光刻胶技术思考 汪栋 LCD产品开发中心部长 京东方科技集团股份有限公司 低成本多场景应用潜力的纳米压印/电子束/DSA技术方向 罗锋 讲席教授 南开大学材料科学与工程学院 混合键合在异构集成先进封装中的应用与挑战 张瓦利 微纳加工平台研究员 势银研究： 势银产业研究服务 势银数据： 势银数据 ...

Core Viewpoint - Xin Heng Hui Electronics Co., Ltd. has officially listed on the Shenzhen Stock Exchange, marking a new chapter in its development as a comprehensive integrated circuit enterprise focused on chip packaging materials and related services [1][5]. Group 1: Company Overview - Xin Heng Hui specializes in the research, production, sales, and packaging testing services of chip packaging materials, with a strong focus on smart card business, etched lead frame business, and IoT eSIM chip packaging services [1]. - The company has been recognized as a national high-tech enterprise, a "little giant" enterprise in specialized and innovative sectors, a single champion enterprise in Shandong Province, and a gazelle enterprise in Shandong Province [1]. Group 2: Leadership Statements - The Vice Mayor of Zibo, Hu Xiaohong, expressed hopes that Xin Heng Hui will leverage its listing to enhance technological innovation and market expansion, ultimately delivering excellent performance to investors and society [1]. - Sun Bin, Vice President of Founder Securities, emphasized that the listing will enhance the company's core competitiveness and management level, ensuring stable and healthy development in the capital market [2]. - Chairman Ren Zhijun stated that Xin Heng Hui aims to become a leading enterprise in the international integrated circuit packaging materials sector, highlighting the importance of talent acquisition and R&D investment for achieving this goal [3]. Group 3: Market Context - Ren Zhijun noted that the integrated circuit sector is a critical battleground in the US-China technology competition, presenting unprecedented opportunities and challenges [4]. - The need for supply chain security in the integrated circuit packaging materials sector necessitates rapid self-sufficiency and localization, creating significant growth potential for Xin Heng Hui [4]. Group 4: Financial Highlights - Xin Heng Hui's initial public offering involved the issuance of 59.888867 million new shares at a price of 12.80 yuan per share, with the opening price on the first day reaching 50 yuan per share, reflecting a substantial increase of 290.63% [5].

Core Viewpoint - Rayson Technology has successfully completed a multi-billion C round financing, which will be primarily used for R&D investment, factory expansion, and overseas market development [1] Company Overview - Established in 2017, Rayson Technology specializes in high-precision automation equipment for the optical communication semiconductor field, covering chip-level, device-level, and module-level coupling, testing, aging, and semiconductor packaging [1] - The company has manufacturing bases and R&D centers in Shenzhen and Xi'an, with nearly 40% of its workforce dedicated to R&D and holds nearly a hundred independent intellectual property rights and innovations [1] Market Demand and Growth - The demand for optical modules is expected to continue rising over the next two to three years, driven by the rapid development of AI, data centers, and telecommunications [2] - The company has achieved coverage of major optical module clients in the optical communication field and offers high-performance, cost-effective equipment that meets the increasing precision and efficiency requirements of domestic manufacturers [2] Product Development and Sales - The sales of multi-mode/single-mode optical device coupling machines have rapidly increased, becoming a new growth point for the company [3] - The company plans to expand its market for new products, including solid crystal machines and higher precision semiconductor packaging equipment, which have begun to see small-scale domestic sales [5] Investment Insights - Investors recognize Rayson Technology's commitment to providing comprehensive solutions and customized precision equipment for the optical communication, industrial laser, and chip manufacturing industries, highlighting its strong R&D capabilities and market position [6] - The investment from the optical-electronic integration fund is seen as a significant move in the silicon photonics sector, enhancing the fund's brand in specialized investments [7]

Group 1 - The company has successfully established a product system centered on ultra-pure metal sputtering targets, semiconductor precision components, and key materials for the third-generation semiconductors, achieving a leading position in both technology and market share globally [1] - In 2024, the revenue from sputtering targets is projected to be 2.333 billion yuan, representing a year-on-year growth of 39.51%, with a gross margin of 31.35%, an increase of 2.90 percentage points compared to the previous year [1] - The company has become a leading global manufacturer of semiconductor sputtering targets, supplying major chip manufacturers such as TSMC, SMIC, SK Hynix, and UMC, with a market share of nearly 40% [1] Group 2 - The revenue from precision components is expected to reach 0.887 billion yuan in 2024, showing a year-on-year increase of 55.53%, with a gross margin of 24.27% [2] - The company has successfully developed and mass-produced over 40,000 types of components, achieving full-category coverage in precision components [2] - A cooperation framework agreement was signed with KSTE INC. for the electrostatic chuck project, which will enhance the company's competitive edge in the semiconductor precision components sector [2] Group 3 - The company is expected to see revenue growth from 4.642 billion yuan in 2025 to 7.606 billion yuan in 2027, with net profits projected to be 0.525 billion yuan, 0.679 billion yuan, and 0.919 billion yuan respectively [3] - The strong demand for sputtering targets is driven by the new capacity being established by downstream manufacturers, while the precision components are benefiting from the trend of supply chain localization [3]

Core Insights - The Chinese relational database market is expected to experience a rapid growth rate approaching 25% by 2025 due to factors such as software localization, rapid development of AI-native applications, and macroeconomic recovery [1] - By 2029, the market size of China's relational database software is projected to reach $11.03 billion, with a compound annual growth rate (CAGR) of 20.8% from 2024 to 2029 [1] Market Trends - The growth in the relational database market is driven by the trend of software localization and the increasing adoption of AI technologies [1] - The macroeconomic recovery is also contributing to the positive outlook for the relational database market in China [1]