每经AI快讯，有投资者在投资者互动平台提问：了解到2024年公司海外团队已基本完成搭建，请问公 司24年是否有出口到欧盟地区？ 埃科光电（688610.SH）11月18日在投资者互动平台表示，2024年，公司积极布局海外市场，与西班 牙、德国、荷兰等地的代理商和集成商积极推动合作，实现少量销售。2025年，公司持续推进欧盟市场 的拓展，提升I-TEK品牌的知名度和信任度，逐步实现营收突破。 （记者 王瀚黎） ...

Group 1 - The company is actively expanding its overseas market while developing its domestic market [1] - The company has achieved some business presence in the European Union [1] - Specific financial data regarding the company's overseas operations will be provided in official announcements [1]

Core Viewpoint - The company is accelerating its overseas licensing and account system layout, establishing subsidiaries in Hong Kong and the United States, and has successfully obtained the MSB license while applying for the MSO license [1] Group 1 - The company has set up a subsidiary named Hong Kong Star Express Payment Company in Hong Kong and NovaPay in the United States [1] - The company has successfully obtained the MSB (Money Services Business) license [1] - The company is currently in the process of applying for the MSO (Money Service Operator) license and will disclose further progress according to relevant requirements [1]

Core Viewpoint - The company is actively pursuing strategic expansion in overseas markets while continuing to strengthen its domestic market presence [1] Group 1: Overseas Market Strategy - The company is exploring markets in Hong Kong, Macau, and Taiwan, but has not yet entered the EU market [1] - Future plans include ongoing efforts to expand internationally, leveraging opportunities presented by the deepening global digital economy [1] Group 2: Domestic Market Focus - The company emphasizes the importance of solidifying its position in the domestic market as a foundation for future international growth [1]

Core Viewpoint - The company, Guangli Micro, is actively expanding its overseas market strategy and aims to build a globally influential platform-type EDA enterprise through the acquisition of Belgium's LUCEDANV, which has a mature business system and market channels in the EU region [2] Group 1 - The acquisition of LUCEDANV allows the company to access a customer base that covers major integrated circuit industry centers globally [2] - The company is focused on accelerating its development in the overseas market [2]

Core Viewpoint - The company emphasizes its strategic advancement in the North American market, particularly through the establishment of a service center in Mexico, which aims to enhance local technical services and responsiveness, thereby strengthening customer confidence in the stability and process capabilities of its equipment [1] Group 1 - The company is focusing on the North American market strategy [1] - The construction of the service center in Mexico is a key initiative [1] - The service center will support local technical services and quick response [1] - The initiative aims to reinforce customer confidence in the company's equipment stability and process capabilities [1]

Core Viewpoint - The company emphasizes its strong partnership with Star Charge, highlighting the positive impact of Star Charge's success in securing overseas contracts on the industry and market opportunities for the company [2] Group 1 - The company considers Star Charge as an important client and partner, maintaining good cooperation in relevant business areas [2] - Star Charge's success in obtaining overseas contracts serves as a positive demonstration effect for industry development [2] - The achievements of Star Charge create broader market space for industry enterprises, including the company [2]

格隆汇11月17日丨达梦数据(688692.SH)在投资者互动平台表示,公司一直持续推动海外市场的战略布 局，积极探索港澳台等海外市场，业务暂未覆盖欧盟地区。未来，公司将在深耕国内市场的基础上，持 续拓展海外市场，积极把握全球数字经济深化发展带来的战略机遇。 ...

Core Viewpoint - Huaxing Securities is optimistic about Leap Motor (09863) due to its rapid sales growth driven by high cost-performance models, expecting the company to reach a profitability inflection point by 2025. The company effectively controls costs through a fully self-developed technology platform and is rapidly expanding into overseas markets with the help of its partnership with Stellantis, showcasing significant advantages in international expansion. A "Buy" rating is initiated with a target price of HKD 71.80 [1] Group 1: Sales Growth and Profitability - Leap Motor has seen rapid sales growth, with October sales reaching a historical high of 70,289 units (up 84% year-on-year) and cumulative sales for the first ten months at 465,805 units (up 125% year-on-year). The company is positioned as a mass-market brand in the 100,000-200,000 RMB price range, with new models like C10 and C16 expected to further boost sales [1] - The release of models D19 and Lafa will enrich Leap Motor's product matrix and support continued sales growth. The company is anticipated to achieve profitability by 2025, becoming the second new force automaker to achieve full-year profitability [1] Group 2: Overseas Market Development - Leap Motor is expanding its overseas market presence through a deep partnership with Stellantis, with plans to launch a new model annually from 2025 to 2027. Since entering the European market in September 2024, the company has experienced rapid growth, with Q2 2025 European sales increasing by 65.8% to 3,196 units, totaling 5,124 units in the first half of the year, ranking fifth among all domestic brands [2] - The collaboration with Stellantis provides Leap Motor with significant advantages in overseas distribution and manufacturing, allowing for quicker penetration into international markets compared to other Chinese brands [2] Group 3: Self-Developed Technology Capabilities - Leap Motor possesses self-research and manufacturing capabilities across six core areas: vehicle architecture, electronic and electrical architecture, batteries, electric drives, intelligent cabins, and intelligent driving, which account for 65% of the vehicle manufacturing cost. The LEAP series technology architecture has undergone multiple upgrades since its introduction in 2019 [3] - The fully self-developed model allows Leap Motor to maximize the allocation of fixed asset costs and enhance manufacturing scale efficiency, thereby reducing overall manufacturing costs and strengthening its core technological competitiveness [3] Group 4: Investment Recommendations - A "Buy" rating is initiated with a target price of HKD 71.80. Sales projections for Leap Motor from 2025 to 2027 are 578,528, 750,215, and 837,500 units, corresponding to revenues of RMB 62.9 billion, RMB 78.02 billion, and RMB 103.73 billion, respectively. The expected gross margins for the same period are 14.5%, 15.7%, and 16.8% [4] - The company is expected to maintain an operating expense ratio of approximately 15% to achieve efficient operational performance, with adjusted net profits projected at RMB 1.61 billion, RMB 3.24 billion, and RMB 6.58 billion for the respective years [4] - The valuation is based on a 1.2 times price-to-sales ratio for 2026, which is above the average of comparable companies at 1.1 times [4]

Core Viewpoint - The company reported strong revenue growth in FY26H1, driven by performance in live events and IP derivative businesses, despite some challenges in profit margins and specific segments [4][5][6]. Group 1: Financial Performance - The company achieved revenue of 4.05 billion RMB in FY26H1, representing a year-over-year increase of 33% [4]. - Gross profit reached 1.44 billion RMB, with a year-over-year growth of 9.7%, resulting in a gross margin of 35.7%, which is a decline of 7.4 percentage points compared to the previous year [4]. - Adjusted EBITA was 550 million RMB, down 14% year-over-year, but up 14% compared to FY25H1 after excluding a one-time gain of 160 million RMB [4]. - Net profit attributable to shareholders was 520 million RMB, reflecting a significant year-over-year increase of 54% [4]. Group 2: Business Segments - Revenue from performance content and technology business was 1.339 billion RMB, up 15% year-over-year, with segment performance at approximately 754 million RMB, a 5% increase [5]. - The ticketing business saw a 17% increase in user engagement, with over 2,500 large events serviced, a 19% increase in the number of events compared to the previous year [5]. - The IP derivative business generated 1.16 billion RMB in revenue, a remarkable year-over-year growth of 105%, with segment performance at 235 million RMB, up 44% [5]. - The film content and technology business reported revenue of 1.064 billion RMB, down 15% year-over-year, as the company adopted a cautious strategy focusing on low-risk, high-quality content [5]. - The drama production segment achieved revenue of 484 million RMB, with a significant increase of 423 million RMB year-over-year, turning a profit [5]. Group 3: Cost Management - The company reported a gross profit of 1.444 billion RMB, with sales and marketing expenses of 332 million RMB, reflecting a 1% year-over-year increase and a decrease in expense ratio from 11% to 8% [6]. - Management expenses were 669 million RMB, up 12% year-over-year, primarily due to increased operational costs associated with business growth [6].