编者按：时间，像一条大河，不停地往前奔流。老照片，宛如一座桥，让我们能够回到记忆中的彼岸。 然而老照片都是静止的瞬间，如今，借助最新的AI技术，我们将老照片"唤醒"，也同时"唤醒"了旧时 光，"唤醒"了生动的回忆！ 5月17日 是世界电信日 今天 我们要"唤醒"的是一段 关于通信的记忆 穿越时光隧道 看那些年我们追过的"黑科技" "见字如面"的墨香里 1979年，在成都市电信局，工作人员在指导新学员发电报。 发电报要字字斟酌 写情书需句句推敲 打电话也要争分夺秒 动图由AI基于照片生成 手持"砖头大哥大"的商贩 是改革开放最生动的注脚 1986年，在河南辉县，汽车运输专业户正在用电话与外地货主联系业务。 1994年1月，广州一名商贩用"大哥大"打电话。 动图 由AI基于照片生成 BP机的蜂鸣响彻大街小巷 2005年5月17日，在浙江杭州，营业员在展示一款小灵通手机和一张小灵通SIM卡。 1994年 伴随着一条64K国际专线的开通 中国实现全功能接入国际互联网 当时的人们也许很难想象 互联网将深刻改变中国 "有事call我"成为90年代最酷的告别语 2002年12月15日，江苏溧水永阳镇的农民在展示他们的中文寻 ...

Core Viewpoint - The stock of Shijia Photon has experienced significant growth following a period of decline, with a notable increase in revenue and net profit driven by the demand for AI computing power in the optical communication industry [1][5][14]. Company Performance - Shijia Photon reported a revenue of 436 million yuan in Q1, representing a year-on-year increase of 120.57%, and a net profit of 93.19 million yuan, up 1003.79% compared to the previous year [5][6]. - The company's stock price has surged over 126% since April 9, 2023, and has increased by 279% from September 24, 2023, indicating a strong recovery after a prolonged decline [14]. Business Segments - The main business segments of Shijia Photon include optical chips and devices, indoor optical cables, and cable materials, with optical chips becoming the core revenue driver [5][7]. - In Q1, the revenue from optical chips and devices was 606 million yuan, accounting for 56.43% of total revenue, while cable materials and indoor optical cables contributed 231 million yuan and 219 million yuan, respectively [7][8]. Market Outlook - The optical communication chip market is projected to grow significantly, with an estimated compound annual growth rate (CAGR) of 17% from 2025 to 2030, potentially reaching over 11 billion USD by 2030 [17]. - Analysts are optimistic about Shijia Photon’s growth potential, with forecasts indicating substantial increases in net profit over the next few years, reaching 382 million yuan in 2025 and 713 million yuan in 2027 [18][19]. International Expansion - Shijia Photon is expanding its production capacity in Thailand, with ongoing construction of a production base and plans for investment of up to 50 million USD to support the establishment of an industrial park [10][11].

国内市场综述 弱势整理 缩量回调 周四（5 月 15 日）大盘弱势整理，缩量回调。截至收 盘，上证综指收于 3380.82 点，下跌 0.68%；深成指 收于 10186.45 点，下跌 1.62%；科创 50 下跌 1.26%； 创业板指下跌 1.92%，万得全 A 成交额共 11904 亿元， 较前一日有所下降。 行业方面，30 个中信一级行业有 27 个行业收跌，其 中综合金融、计算机及通信跌幅居前，仅有煤炭、农 林牧渔、电力及公用事业小幅收涨。概念方面，动物 保健精选、医美及乳业等指数表现活跃。 海外市场综述 美国三大股指收盘涨跌不一，思科涨近 5% 周四（5 月 15 日），美国三大股指收盘涨跌不一，道 指涨 0.65%，标普 500 指数涨 0.41%，纳指跌 0.18%。 思科涨近 5%，可口可乐涨超 3%，领涨道指。万得美国 科技七巨头指数跌 0.86%，亚马逊、脸书跌超 2%。中 概股普遍下跌，老虎证券跌超 8%，阿里巴巴跌逾 7%。 新闻精要 1. 李强在做强国内大循环工作推进会上强调：把做强 国内大循环作为推动经济行稳致远的战略之举 2. 最高法、证监会联合发布《关于严格公正执法司法 服 ...

Core Viewpoint - Chengdu Shuchuang Huanyu Technology Co., Ltd. has been established with a registered capital of 10 million RMB, fully owned by Beijing Fifth City Technology Co., Ltd. [1] Company Summary - The legal representative of Chengdu Shuchuang Huanyu Technology Co., Ltd. is Zou Siguai [1] - The company is registered in the China (Sichuan) Pilot Free Trade Zone, specifically in Chengdu High-tech Zone [1] - The business scope includes various services such as cultural relic sales, telecommunications, broadcasting, internet services, software development, and artificial intelligence services [1] Shareholder Information - Beijing Fifth City Technology Co., Ltd. holds 100% of the shares in Chengdu Shuchuang Huanyu Technology Co., Ltd. [1] Business Operations - The company is involved in multiple sectors including information transmission, software, and information technology services, with a focus on software development [1] - The operational period is set until May 15, 2025, with no fixed term thereafter [1]

Core Viewpoint - The company, Shenzhen Bosijie Technology Co., Ltd., is experiencing significant growth and interest from major institutional investors, highlighting its potential in the market [1]. Financial Performance - In Q1 2025, the company reported a revenue of 348 million yuan, representing a year-on-year increase of 40.28% - The net profit attributable to shareholders reached 40.3 million yuan, up 14.42% year-on-year [1]. International Expansion - The company has seen a staggering 399.37% year-on-year increase in overseas revenue, with rapid growth in smart vehicle terminals in regions like Africa and Southeast Asia, and smart sleep terminal products gaining traction in Europe and the U.S. - The company has established a dedicated R&D and marketing division for overseas markets, emphasizing its "going global" strategy [1][3]. Technological Integration - The company leverages core technologies such as communication, positioning, and AI algorithms to create a matrix of products and platforms across various fields, including smart transportation and smart sleep [2]. - Its competitive edge lies in the "module + terminal + platform" vertical integration capability and a divisional management structure, enabling rapid product development and reduced R&D risks [2]. Market Focus and Product Development - The company is focusing on three main areas: deepening its overseas market presence, driving product upgrades through technological iterations, and exploring new application scenarios [3]. - The smart vehicle terminal is actively pursuing product certifications in the EU and Americas, while the smart sleep terminal adopts an EXW model for delivery [3]. Strategic Path - The company aims to solidify its domestic market in vehicle networking while targeting growth in the incremental markets of Europe, the Middle East, and beyond, using its "module + platform + terminal" model to expand into smart wearables and smart education [3]. - With advancements in 5G communication and high-precision positioning technologies, the company is positioned to thrive in the fragmented IoT market [3].

华脉科技分析师会议 调研日期：2025年05月15日 机构调研pro小程序 DJvanbao.com 洞见研报 出品 : 调研行业：通信设备 参与调研的机构：投资者等 / 机构调研pro小程序致力于为金融证券投资者提供最新最全的调研会议纪要。 来机构调研pro小程序，了解最新的：行业投资风向、热门公司关注、权威机构分析... 权威完善的信息持续更新! 更多精彩的机构调报告请移步机构调研pro小程序~ 一解投资机构行业关注度。 频判市场 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHILL CARD | | | 颜的集团 | ...

Core Insights - The successful launch of the "Three-Body Computing Constellation" marks a significant advancement in space-based intelligent exploration, facilitated by the domestically developed laser communication terminal from He Xing Guang Lian [1][3] - This mission set two national records in the laser communication field: the highest number of laser communication models launched in a single mission and the most communication terminals and inter-satellite links established [1] Group 1: Technological Advancements - The integration of space computing architecture and laser communication technology has led to breakthroughs in three core areas: real-time data transmission between satellites, dynamic computing power scheduling, and collaborative space networking [3] - He Xing Guang Lian's ultra-wideband laser communication system achieves a transmission rate of 100G@5500km, enhancing communication efficiency by approximately three orders of magnitude compared to traditional microwave technology [3] Group 2: Cost and Efficiency Improvements - Key components of the laser communication terminal, such as the EDFA optical amplifier and precision mirror systems, are 100% independently developed, reducing inter-satellite link establishment time to 15 seconds and lowering system power consumption by about 30% [3] - The modular design and industrial manufacturing process innovation have shortened the development cycle of this terminal from 24 months to 4 months, significantly reducing the cost per unit while maintaining high performance [3] Group 3: Industry Implications - The establishment of a space-based distributed computing architecture extends ground cloud computing capabilities to near-Earth orbit, representing a pivotal shift towards the industrialization of aerospace technology [3] - The large-scale application of commercial-grade laser communication systems addresses the traditional aerospace technology challenge of being "usable but unaffordable," creating a scalable technical framework for future deep space exploration and ocean monitoring projects [3]

Group 1: Company Performance - In 2024, the company's revenue increased by 45% year-on-year, while net profit surged by 205% [5] - The improvement in gross margin compared to the previous year is attributed to better product structure, enhanced internal controls, and increased sales volume [11] Group 2: Product Development - The company introduced MEMS ultra-high frequency chips with various specifications, including sizes 1612 (52M) and 1210 (76.8M, 80M, 96M, 125.25M, 156.25M), used in high-tech industries such as smartphones and smartwatches [6] - The company is actively expanding its market for automotive-grade products and has received IATF16949 certification [10] Group 3: Industry Trends - The quartz oscillator industry is experiencing a recovery, driven by demand from sectors like cloud computing, new energy vehicles, and artificial intelligence [9] - High-end oscillator products are seeing increasing application scenarios due to the growth in emerging industries [9] Group 4: Operational Strategy - The company focuses on customer demand, market expansion, technological research and development, and talent cultivation to drive growth [5] - There are currently no plans to expand the photolithography production line, as it meets the company's needs [7]

Group 1: Company Vision and Strategy - The company aims to become a world-class provider of material solutions, focusing on high-tech special polymers and engineering polymers to meet customer needs in industries like 5G/6G communication, AI, and semiconductors [1] - The company adheres to the value of "being oneself and being needed," with a mission to "shape a better life for humanity" [1] Group 2: Revenue Growth and Market Opportunities - Future revenue growth is expected from special high polymer materials, engineering plastic alloys, and modified general plastics, targeting industries such as electronics, communications, and AI [2] - The rapid development of global technology in areas like 5G/6G and AI presents unprecedented opportunities for the special polymer materials industry [2] Group 3: Product Applications and Collaborations - The company has provided samples to multiple collaborative robot and humanoid robot supply chain companies [2] - Key materials used in the robotics industry include LCP, PPA, and PEEK, which meet various requirements such as lightweight and high-speed signal transmission [2][3] Group 4: Financial Health and Investment - The company reports normal cash flow and has no current plans for equity financing, ensuring compliance with legal disclosure obligations [4] - The company is actively exploring acquisition opportunities in the semiconductor materials sector to enhance its position in the global supply chain [5] Group 5: Talent and Production Capacity - The company has built a diverse and professional talent team, focusing on training and development to enhance competitiveness [4] - New production capacity for LCP is currently ramping up, with the company actively communicating with relevant authorities for necessary approvals [4]

证券代码：301067 证券简称：显盈科技 深圳市显盈科技股份有限公司 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） | | 参与单位名称及人员姓名 | 线上参与深圳市显盈科技股份有限公司2024年度网上业绩说明会的 投资者 | | 时间 | 2025年05月15日 15:30-16:30 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 董事长兼总经理 肖杰 | | | 副总经理兼财务总监 陈英滟 | | 上市公司接待人员姓名 | 副总经理兼董事会秘书 陈立 | | | 独立董事 祁丽 | | | 独立董事 蒋培登 | | 投资者关系活动主要内容 | 公司于2025年5月15日（星期四）下午15:30-16:30在价值在线举 | | | 办2024年度网上业绩说明会，主要问答情况如下： | | | 1、请问公司今年计划何时分红？五月还是六月呢 ...