证券代码：002416 证券简称：爱施德 深圳市爱施德股份有限公司 投资者关系活动记录表 编号：2025-004 | | √特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 □现场参观 | □路演活动 √其他（券商策略会） | | 上市公司 | 副总裁兼董事会秘书吴海南先生 | | | 接待人员 | 投资者关系经理陈菲菲女士 | | | | 国泰海通证券—陈笑 西南证券—周杰 | | | | 国海证券—卢世伟 | | | | 东北证券—易丁依 | | | | 嘉实基金—张浩嵩 | | | | 鹏华基金—陈金伟 | | | 活动参与人员 | 国投瑞银基金—李研蓉 | | | | 光大保德信基金—唐钰蔚 | | | （排名不分先后） | 深商中汇控股—文郁葱 | | | | 弘源资本—何江威 | | | | 玖金投资—董迎 | | | | Jefferies—Jacky He | | | | Jefferies—Kelly Zou | | | | Manulife—Emily Liao | | | 时间 ...

二、正平股份 2024 年年度股东大会会议议程 三、正平股份 2024 年年度股东大会会议议案 正平路桥建设股份有限公司 | 会 | | --- | 议 二○二五年六月 议案一：公司 2024 年年度报告及其摘要； 议案二：公司 2024 年度董事会工作报告； 一、正平股份 2024 年年度股东大会会议须知 议案七：公司 2024 年度拟不进行利润分配的议案； 议案八：公司 2024 年度募集资金存放与实际使用情况的专 项报告； 议案九：关于申请综合授信额度暨担保的议案； 议案十：关于选举非独立董事的议案。 议案三：公司 2024 年度监事会工作报告； 议案四：公司 2024 年度财务决算报告； 议案五：公司 2024 年度独立董事述职报告； 议案六：公司 2024 年度董事会审计委员会履职报告； 正平路桥建设股份有限公司 为维护全体股东的合法权益，维持股东大会正常秩序和提 高议事效率，根据《上市公司股东大会规则》以及《正平路桥 建设股份有限公司章程》的相关规定，特制定本次股东大会会 议须知： 正平路桥建设股份有限公司 二、股东大会设秘书组，负责会议的具体事项。 三、本次大会采用现场和网络投票相结合的方式。 ...

新华三集团高级副总裁、云与计算存储产品线总裁徐润安和集团副总裁、金融事业部总经理王旭东 共同发布新华三800G国产化智算交换机 6月18日，由中国人民银行指导，中国金融电子化集团主办的"2025中国国际金融展"在上海盛大开 幕。紫光股份旗下新华三集团受邀参会，以主题演讲、新品发布及展台展示等多种形式，全方位呈现了 其在金融科技领域的深厚实力和创新成果。 主论坛演讲 诠释"可持续进化"的金融智算之道 在开幕式主论坛，新华三集团高级副总裁、云与计算存储产品线总裁徐润安发表了题为《智算无界 联接未来》的主旨演讲。他指出，金融业务的智能化，需要以大量高质量的算力为基础。作为金融行业 科技赋能的重要助力者，新华三坚定以"AI in ALL，AI for ALL"为智算战略，将AI技术广泛应用于高品 质网络、多元算力、高性能存储等智算基础设施中，让产品和方案更加智能；同时，新华三积极联合生 态伙伴，共同为金融客户打造高度智能化的业务系统，以智慧赋能金融科技，助力金融算力高质量发 展，释放金融业务的无限潜能。 新品首发 业界首款800G国产化智算交换机亮相 金融业务对网络感知的要求非常高，而高性能算力集群的搭建，同样离不开 ...

7 月 3-4 日， 2025DEMO WORLD 企业创新创投大会将在上海松江举办。本届大会由创业邦主办， 松江区投资促进和企业服务中心联合主办，松江区新桥镇、松江经开区、正泰智电港协办。 "新质说"环节， 10+ 智算服务企业汇聚于此，带来他们最新的技术、产品分享，以及未来商业合作、 产品落地需求。随后，在圆桌对话环节还将邀请关注智算服务的投资人研讨最新的投资趋势。 识别下方图片二维码，立即报名参会，与上海松江经开区共赴智算产业未来机遇。 松江将从智算主体规模集聚、智算中心提档升级、普惠算力供给、垂直领域模型开发、引导资金优先推 荐、数据要素供给、科创金融服务、知识产权保护、人才服务保障等九个方面出发，鼓励区域智能先进 计算产业集聚创新，符合要求的企业最高可获得 2 亿元支持。 松江经开区是长三角 G60 科创走廊实体经济的主战场， 2024 年在全国 233 个国家级开发区中排名第 16 位（上海第 2 ）。这里拥有 108 家高新技术企业、 47 家专精特新企业， 8 家企业入选上海市制造 业单项冠军。 在智算服务产业生态方面，松江经开区依托腾讯长三角人工智能先进计算中心、上海仪电智算中心等 7 大算 ...

| | 四、从 月上市到现在已十年，请介绍一下公司对未来的战略发展 | | 2015 | 年 | 5 | | --- | --- | --- | --- | --- | --- | | | 规划？ | | | | | | | 答：公司管理层在"再出发战略"的引领下，秉承"为中华民族争光"的企业宗旨，以创造 | | | | | | | 高端品牌的产品战略定位，坚持雷电防护主产业的持续发展。未来，公司将适应当前经济发 | | | | | | | 展的"新常态"，充分利用行业发展趋势，加强公司战略执行力，发挥上市公司资本平台作用， | | | | | | | 以雷电防护业务为核心，充分发挥技术、市场、人才的协同效应，推动公司业务高质量发展。 | | | | | | | 五、公司在铁路与轨道交通行业的防雷领域主要是做什么，未来发展如何？ | | | | | | | 答：2024 年度，铁路与轨道交通营业收入 4006.25 万元，同比下降 53.84%。主要原因 | | | | | | | 系：1.受大环境影响，铁路行业的防雷投资放缓；2.外来竞争对手增加及同行企业以低价进 | | | | | | | 行市场拓展。目 ...

Group 1: Market Development in Communication Industry - The company has established itself as a key supplier of lightning protection products for major global communication equipment manufacturers such as Ericsson, ZTE, Nokia, and Samsung [1] - In 2024, the company's revenue from the communication sector was 26,360.28 million yuan, a year-on-year decrease of 16.86% due to a slowdown in the communication industry compared to the previous year [1] - The company maintains a significant market share in the lightning protection technology and products within the communication sector [1] Group 2: Expansion into Non-Lightning Protection Products - In 2024, the company achieved revenue of 9,212.93 million yuan from electronic components, a year-on-year decrease of 13.7% [2] - The company has gained supplier qualifications for magnetic components and RF devices from several international first-tier communication equipment manufacturers, achieving bulk sales [2] - The magnetic components are also supplied to various domestic and international manufacturers in the new energy vehicle and medical equipment sectors [2] Group 3: Development in New Energy Vehicles - The company supplies magnetic components to several well-known communication equipment manufacturers and has also passed component verification from multiple new energy vehicle manufacturers [2] - Products supplied include lightning protection devices for charging stations used by electric vehicle manufacturers like NIO [2] Group 4: Applications in Aerospace and Low-Altitude Economy - The company has developed lightning protection devices for aircraft and is exploring applications in flying cars and drones [2] - In the drone sector, the company has participated in electromagnetic protection for large agricultural and forestry drones [2] Group 5: Product Development and R&D - The company offers various specifications of integrated inductors, which are produced using metal powder die-casting technology, suitable for high-frequency, high-power applications [2] - The company is currently in the experimental phase of project development for magnetic components in intelligent computing centers and data centers [2] Group 6: Research and Development in 6G Technology - The company maintains close technical ties with clients in the communication industry and has developed technology samples that have passed system lightning strike tests for 6G prototypes [2] Group 7: Military Products - The company produces various military products, including lightning rods and specialized products for vehicles and portable applications, with some details kept confidential due to security requirements [2]

与阿里云、腾讯云等传统CPU通算云服务不同，九章智算云专注于高密度AI计算服务，可自主规划、自 动执行并完成多步骤复杂场景的高端算力调度任务。据悉，九章智算云服务直接对标NeoCloud行业头 部企业：CoreWeave以6美元 / 卡时的价格提供GPU租赁，以及采用裸金属租赁模式的Lambda Labs、 Crusoe、AWS等竞品。与此同时，AI新云领域正在加速迭代，九章云极正推动开源方案。 新浪科技讯 6月16日下午消息，AI新云服务商九章云极今日宣布推出全新AI智算云平台 "九章智算云 Alaya NeW Cloud2.0"，开创Serverless+RL技术趋势，支持秒级生成百万级Token，实现十万卡级规模的 异构高端算力统一调度。平台支持客户 "一度算力" 购买模式，总拥有成本低至行业均值的40%。目前 该平台已对智能体开放抢先体验，并计划面向所有客户全面开放。 责任编辑：何俊熹 发布会上，九章云极发布"AI-STAR企业生态联盟"，同时宣布与赛富投资基金等多家产业机构联合设 立"AI-STAR智算生态基金"，首期投入1.8亿元。九章云极董事长方磊表示，未来三年，九章云极将在 AI高端算力等多个 ...

智算中心设计人才，即整体规划设计者。单台GPU服务器功耗高达数十千瓦，传统供电与散热方案难以 匹配，业务波动性更要求机房具备弹性扩展能力。设计者需融合绿色能源技术、模块化架构与老旧机房 改造方案，例如在东部高电价地区采用液冷技术降耗，或通过动态设计灵活调配算力资源，平衡"双 碳"目标与经济可行性。 智算IT组网与运维人才，即IT技术人员。智算中心运维复杂度远超传统数据中心，需应对异构计算环境 优化、多平台资源池化及国产芯片适配等挑战。例如在推理场景中通过量化压缩技术降低算力依赖，或 在训练过程中动态调整资源分配提升效率。运维人才需从"设备维护者"转型为"技术整合者"，兼具硬件 调试与算法调优能力。 智算消纳场景开发人才，即综合性商业人才。当前算力资源多集中于互联网巨头的大模型训练，而制造 业、医疗等传统行业应用尚未充分挖掘。这类人才需要探索应用场景的拓展，将抽象算力转化为行业解 决方案。例如为智慧城市设计交通调度模型时融合算力分布与实时数据，或为药企搭建分子模拟平台时 平衡计算精度与成本，推动技术向产业价值转化。 在数字经济蓬勃发展的当下，算力作为核心生产力，正引领新一轮科技革命和产业变革。其中智算作为 算力 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is set to absorb and merge with Zhongke Shuguang, aiming to create a world-class intelligent computing center [5][6] - The merger is expected to enhance the company's capabilities in the chip sector and integrate resources from Zhongke Shuguang in machine and data center infrastructure [5][6] - The transaction will simplify governance structures and optimize resource allocation, leading to improved operational efficiency and shareholder returns [7] Summary by Sections Recent Performance - The company's stock performance over the last year shows a 91.0% increase compared to the benchmark index, CSI 300, which only increased by 9.6% [3] - As of June 13, 2025, the current stock price is 137.06 yuan, with a market capitalization of approximately 318.57 billion yuan [3] Merger Details - The merger involves a share exchange where the company will issue A-shares to Zhongke Shuguang's shareholders at a premium of 10% [5] - The exchange ratio is set at 1:0.5525, with the company's share price for the exchange at 143.36 yuan per share [5][8] Financial Projections - Revenue projections for 2025-2027 are estimated at 147.93 billion yuan, 220.54 billion yuan, and 306.90 billion yuan respectively, with corresponding net profits of 31.70 billion yuan, 48.34 billion yuan, and 73.23 billion yuan [9][10] - The expected EPS for the same period is projected to be 1.36 yuan, 2.08 yuan, and 3.15 yuan [9][10] Strategic Advantages - The merger is anticipated to create a closed-loop layout from high-end chip design to complete computing systems, enhancing the company's overall strength in the intelligent computing ecosystem [6][7] - The integration of Zhongke Shuguang's AI capabilities and applications is expected to drive long-term growth and operational synergies [6][7]

Core Viewpoint - Haiguang Information (688041) is set to merge with Sugon Information Industry Co., Ltd. through a share swap, enhancing its core competitiveness and investment value in the semiconductor sector [1][2][5]. Group 1: Transaction Information - Haiguang Information plans to absorb Sugon through a share swap, with a swap ratio of 1:0.5525 [1][5]. - The total market capitalization of Haiguang Information is currently 318.57 billion yuan, ranking 2nd in the semiconductor sector and 35th in the A-share market [1]. - The dissenting shareholder buyout price for Haiguang Information is set at 136.13 yuan per share, while for Sugon, it is 61.90 yuan per share [1]. Group 2: Institutional Research Insights - The merger aligns with capital market policy directions and is expected to significantly enhance the core competitiveness and investment value of the surviving company [2]. - The strategic restructuring through the share swap is anticipated to lower costs, streamline governance, optimize resource allocation, and improve shareholder returns [2]. - Haiguang Information, a leading high-end processor design company, will expand its business into high-end computers, storage, security, data centers, and intelligent computing centers through this merger [2]. Group 3: Company Announcements - Haiguang Information will hold an investor briefing on June 11, 2025, regarding the major asset restructuring at the Shanghai Stock Exchange [3][5].