Core Insights - The company anticipates a revenue of 35.392 billion yuan in 2024, representing a year-on-year growth of 11.98% [1] - Net profit is projected to reach 1.207 billion yuan, with a year-on-year increase of 28.56% [1] - The company expects a total shipment of approximately 63 GWh, with 65% from power and 35% from energy storage [1] Financial Performance - The overall gross margin for 2024 is expected to be 18%, an increase of 1.08 percentage points from 2023 [1] - The significant rise in gross margin is attributed to product structure optimization, expansion into overseas markets, and cost control measures [1] - Overseas revenue reached 11.005 billion yuan, marking a 71.21% year-on-year growth and accounting for 31.09% of total revenue [1] Strategic Response to Market Changes - In response to the recent imposition of "reciprocal tariffs" by the U.S., the company plans to build overseas production capacity and supply chain systems to mitigate long-term impacts [1] - The company has established a diversified global market supply structure, covering markets in Asia-Pacific and Europe-Africa, enhancing its ability to withstand localized risks [1] - Strengthening communication and collaboration with overseas customers and suppliers is a key strategy to address challenges posed by tariffs [1] Future Business Development - The company aims to expand its focus on the mid-to-high-end and large-capacity vehicle markets while leveraging its existing strategic customer base [2] - In the energy storage sector, the company plans to advance its layout in the large energy storage cell market and transition from cell sales to integrated sales [2] - Collaborations with domestic and international mainstream manufacturers will be pursued to develop new application scenarios, including low-altitude flight and humanoid robots, to broaden business depth and breadth [2]

5月9日，南方精工（002553）(股票代码：002553)2024年度业绩说明会在全景网成功举办。公司董事兼 总经理姜宗成、董事兼董事会秘书王芳、董事兼财务总监顾振江等高管团队就投资者关心的核心产品竞 争力、研发创新、市场拓展及未来战略规划等问题进行了详细解答，展现出公司在汽车零部件及新兴领 域的持续深耕与突破。 2024年，南方精工实现扣非净利润1.07亿元，同比增长23.69%，主营业务盈利能力显著提升。王芳在回 应投资者提问时指出，公司核心产品包括精密轴承、汽车零部件等，具体技术优势及市场占有率已在年 报中披露。值得注意的是，新能源汽车领域产品收入达8130万元，同比增长13.89%，成为业绩增长的 重要动力。公司表示，未来将继续加强在新能源车等高增长领域的布局，提升产品附加值以应对行业竞 争。 技术研发是南方精工长期发展的核心驱动力。2024年，公司新增专利申请20项(含发明专利2项)，全年 授权专利20项，其中发明专利7项。截至报告期末，公司有效专利总数达151项，发明专利占比超20%。 针对投资者关心的机器人领域进展，王芳回应称，公司精密轴承产品已应用于工业机器人，并通过持续 研发迭代提升市场竞 ...

稿源：掌上长沙 2025-05-06 22:45 长沙晚报全媒体记者 刘俊 通讯员 星治慧 吕小雨 全面完成市、县两级党委社会工作部组建工作；产业链党建、非公企业党建等5个案例获评"2024年度全国百个新 兴领域党建创新案例"；稳步推进基层治理"热线+网格"试点，顺利完成全省民意渠道融合联动一体化平台建设试 点；12345热线综合评价连续7年蝉联"全国十佳"；全市注册志愿者达165万，志愿服务团队超7000支…… 2024年4月26日，中共长沙市委社会工作部挂牌成立，随后，各区县（市）党委社会工作部陆续挂牌成立。一年 来，全市社会工作系统深入学习贯彻党的二十大和二十届二中、三中全会精神，全面落实习近平总书记关于社会 工作的重要论述，锚定"做出长沙特色、争创全国一流"的奋斗目标，砥砺奋进，创新实干，推动全市社会工作稳 健起步、良好开局。 凝"新"聚力，新兴领域党建迈向新台阶 强基固本，党建引领基层治理释放新动能 长沙坚持党建引领基层治理，着力增强基层组织的政治功能和组织功能，构建富有活力和效率的新型基层社会治 理体系。 "管道堵塞问题解决了，您有需要随时联系我！"天心区坡子街街道八角亭社区王府井网格员小明（化名 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company has experienced rapid revenue growth in the 3C and passenger vehicle sectors, driven by new coating solutions [6][8] - The company reported a revenue of 746 million yuan in 2024, a year-on-year increase of 26.41%, and a net profit attributable to shareholders of 86.4 million yuan, up 6.52% year-on-year [5] - The company is focusing on high-end consumer electronics and passenger vehicle markets, with significant partnerships with major clients [6][7] Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 746 million yuan, with a net profit of 86.4 million yuan, and a quarterly revenue of 2.19 billion yuan in Q4 2024, reflecting a 25.23% year-on-year growth [5] - For Q1 2025, the company reported a revenue of 1.53 billion yuan, a 13.24% year-on-year increase, but a net profit of 381 thousand yuan, down 68.52% year-on-year [5][6] Revenue Growth Drivers - The 3C sector saw a revenue increase of 26.9% in 2024, attributed to deepened cooperation with North American clients and expanded product offerings [6] - The passenger vehicle sector achieved a revenue of 1.28 billion yuan in 2024, a 29.6% increase, with Q4 2024 showing a 51.6% year-on-year growth [6] Strategic Initiatives - The company is advancing new coating solutions and has successfully launched a new molecular coating material solution [7] - The company is also expanding into strategic emerging fields such as aerospace, with ongoing collaborations and product development [7] Profitability and Valuation - The report projects net profits of 127 million yuan for 2025, down from a previous estimate of 154 million yuan, with continued growth expected in the 3C and passenger vehicle sectors [8][9] - The company’s gross margin is expected to decline to 48.9% in 2025, with an increase in operating expenses impacting profitability [12]

目前，清华大学、北京大学、中国人民大学等39所高校均已发布2025年强基计划招生简章。中青报·中 青网记者梳理发现，今年不少高校在招生专业及计划部分不仅延续了王牌专业的招生趋势，而且新增培 养方向大多围绕服务国家战略性新兴领域，进一步储备国家急需高层次人才。 此外，在招生对象及报名条件上，部分高校在今年的招生简章中淡化对竞赛成绩的要求，甚至取消 了"高中阶段须在数学、物理、化学、生物学、信息学任一学科奥林匹克竞赛中获得全国决赛二等奖及 以上奖项"的第二类报名条件，以高考成绩为重要参考标准。在破格入围方式上，单科成绩"破格入 围"的方式仍然存在，但部分学校进一步细化了破格入围的规则。在培养方式上，试点高校普遍采取导 师制、小班化、个性化等方式进行培养，为学生配备了一流的师资条件、科研资源。 新增培养方向对接国家战略前沿领域 据悉，今年是强基计划实施的第六年。目前已有39所试点高校，在数学、物理、化学、生物、力学、历 史、哲学、古文字学、基础医学等基础学科以及生物育种等国家重大战略领域相关专业招生。 2025年，多所高校强基计划新增培养方向与学校优势学科强相关。北京理工大学发布的2025年强基计划 招生简章中显示 ...

写作30多年，在昆山居住20多年，"外卖诗人"、紫金山文学奖获得者王计兵前不久又有了个新身 份：预备党员。"这几年，我获得过大大小小很多荣誉。毫无疑问，对我来说，一枚党徽的分量是最沉 甸甸的。"王计兵说。不出意外，他将在今年底转为正式党员，正式成为一名为劳动者而歌的"红色诗 人"。 作为中国外向型经济的标杆城市，昆山以百万外来人口构成了多元社会结构。在连续20年蝉联全国 百强县市首位的背后，这座城市不仅涌动着各类产业创新集群的强劲脉动，也蕴含着将党建引领深度融 入产业升级与社会治理的创新实践。 "如何让新兴领域成为巩固执政基础的新阵地？"昆山正持续以党建创新回答这一时代命题，打造观 察新兴领域党建创新的重要窗口。 在引导技术能手、业务骨干向党组织靠拢的同时，昆山强化党员、业务骨干"双培双促"，强化正向 引导和跟踪培养，动态储备后备力量100余人。近3年，昆山从产业一线、管理骨干、工匠能人中发展党 员819人，占发展总数的35.7%。 面对占常住人口60%以上的流动人口，昆山创新开展流动党员"当归"行动，通过市、镇、村（社 区）三级联动，摸排和纳入管理流动党员2600余名，其中360余名成为大型企业、电商园区的 ...

Investment Rating - The report maintains a "Buy" rating for China Railway Construction Corporation (601186.SH) [4][6] Core Views - The company's Q1 performance remains under pressure due to fluctuating gross margins and a need for improvement in traditional infrastructure investments. However, cash flow has shown some improvement [1][2] - The company has a substantial backlog of contracts, amounting to 78,613 billion, which is 7.4 times the revenue expected for 2024, indicating a strong order book that could stabilize future revenue as new funding sources are deployed [1] - New contracts in emerging sectors such as mining and electricity have seen significant growth, while overseas orders continue to increase [3] Financial Performance Summary - For Q1 2025, the company reported total revenue of 256.8 billion, a decrease of 6.6% year-on-year, and a net profit attributable to shareholders of 5.15 billion, down 14.5% year-on-year [1] - The gross margin for Q1 2025 was 7.51%, a decline of 0.28 percentage points year-on-year, while the expense ratio improved slightly to 4.15% [2] - The company’s operating cash flow showed a net outflow of 38.95 billion, which is an improvement compared to a larger outflow in the previous year [2] Contract and Order Summary - In Q1 2025, the new contract value was 492.8 billion, down 10.5% year-on-year, with infrastructure projects accounting for 85% of the total new contracts [3] - Emerging engineering orders, particularly in railways, mining, and electricity, have seen substantial increases, with growth rates of 66%, 139%, and 29% respectively [3] - Domestic and overseas new contract values were 448.7 billion and 44.2 billion respectively, showing a year-on-year decline of 13% for domestic contracts but a 30% increase for overseas contracts [3] Earnings Forecast - The forecast for net profit attributable to shareholders for 2025-2027 is 21.5 billion, 21.6 billion, and 21.9 billion respectively, with corresponding EPS of 1.58, 1.59, and 1.61 [4]

Core Viewpoint - The company reported a revenue of 7.183 billion yuan in Q1 2025, reflecting a year-on-year increase of 20.39% but a quarter-on-quarter decrease of 8.81%. The net profit attributable to shareholders was 162 million yuan, down 40.96% year-on-year and down 24.24% quarter-on-quarter, while the net profit excluding non-recurring items was 138 million yuan, a year-on-year decrease of 47.62% [1][2]. Financial Performance - The company's Q1 2025 gross margin was 8.83%, showing a year-on-year decline of 0.83 percentage points and a quarter-on-quarter decline of 0.49 percentage points [2]. - The total expense ratio for the first quarter was 6.74%, which increased by 0.14 percentage points quarter-on-quarter, primarily due to a rise in financial expense ratio by 0.26 percentage points [2]. Global Expansion and Market Position - The company's global layout may effectively hedge against tariff impacts, with factories established in Thailand and Mexico. The Thai aluminum alloy project is expected to be operational in 2024, while the Mexican wheel factory is still ramping up production [3]. - The U.S. imposes a 10% tariff on Thailand, which has a relatively minor impact. Mexico is not subject to U.S. tariffs, allowing the company to potentially increase its market share in the U.S. automotive supply chain [3]. Product Development and Innovation - The company is actively developing products in emerging fields, with mass production of non-heat-treated alloy materials already achieved. The high-strength, high-yield non-heat-treated die-casting aluminum alloy is being validated in robotics and drone applications [3]. Profit Forecast and Valuation - The company maintains its profit forecast, expecting net profits attributable to shareholders to reach 800 million yuan, 1.069 billion yuan, and 1.34 billion yuan for 2025-2027, with corresponding EPS of 1.26, 1.69, and 2.12 yuan [4]. - The average PE ratio for comparable companies in 2025 is projected at 21.1 times, while the company is assigned a target PE of 17 times, resulting in a target price of 21.42 yuan [4].

Core Viewpoint - 华菱线缆 reported strong financial performance in Q1 2025, with significant growth in revenue and net profit, driven by increased demand in various sectors, particularly aerospace and special engineering machinery [1][2]. Financial Performance - The company achieved operating revenue of 1.005 billion yuan, a year-on-year increase of 11.38% [1] - Net profit reached 32.16 million yuan, up 55.54% year-on-year [1] - Deducted non-recurring net profit was 27.95 million yuan, reflecting a substantial growth of 101.34% [1] Business Development - The company has secured contracts worth approximately 423 million yuan in the power and rail transit sectors, accounting for 10.18% of the audited revenue for 2024 [1] - In the power sector, contracts include 120 million yuan for 10kV copper core cross-linked polyethylene insulated power cables and 130 million yuan for low-voltage cables [1] - In the rail transit sector, contracts include 58.97 million yuan for fire-resistant cables and 114 million yuan for flame-retardant wires and cables [1] Market Recognition and Future Growth - The recent contract wins reflect market recognition of the company's product quality and service [2] - Key growth drivers identified include increased demand in aerospace and special equipment, safety requirements in metallurgy and mining, emerging strategic sectors like robotics, and potential from mergers and acquisitions [2] Order and Production Capacity - The company has a substantial backlog of orders, significantly higher than the previous year [3] - Four investment projects have been initiated to expand production capacity to meet growing business demands [3] - The theoretical production cycle for different products ranges from 7 to 15 days, subject to various operational factors [3]

深圳市骏鼎达新材料股份有限公司投资者关系活动记录表 编号：20250425 | | ☑ 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 | | | □新闻发布会 □路演活动 | | 类别 | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 鹏华基金、中信证券、招商证券、华金证券、财通证券、上 | | 人员姓名 | 海沁闻投资共计 8 人 | | 时间 | 2025 年 4 月 25 日 15:00 | | | 深圳市宝安区沙井街道民主西部工业园 区 栋骏鼎达公司 | | 地点 | E 2 | | | 三楼会议室交流 | | 上市公司接待人 | 财务负责人 肖睿 | | | 董事、董事会秘书 刘亚琴 | | 员姓名 | 证券事务专员 肖荣贵 | | | 一、公司董事会秘书就公司业务概况、2024 年及 2025 | | | 年一季度业绩情况进行介绍。 | | | 2019 年—2024 年，公司营业收入、净利润均连续稳步 | | | 增长，营业收入和净利润的复合增长率均约为 25%。 | | | 2024 年，公 ...