5月22日下午，众智科技（301361.SZ）参加主题为"真诚沟通 传递价值"——河南辖区上市公司2025年 投资者网上集体接待日。 交流会中，问及产品应用及行业地位，众智科技董事会秘书邓艳峰表示，众智科技专业从事内燃发电机 组及发动机自动控制系统、低压配电自动控制系统、新能源/混合能源自动控制系统等自动化产品的研 发、制造、销售和服务，致力成为相关领域全球领先的整体系统解决方案提供商。发电机组作为现代能 源体系的重要组成部分，广泛应用于电力供应、应急备用电源、工业生产等多个领域。近年来，中国发 电机组行业取得了显著的发展成就，市场规模持续扩大，技术水平不断提升。随着中国经济的持续增长 和工业化、城市化进程的加快，对电力的需求不断增加。发电机组作为应急电源和备用电源，在医院、 银行、机场、户外作业场所等多个领域具有广泛的应用。特别是在智算中心、通信基站等对电力供应品 质要求高的场所，发电机组的需求更为旺盛。 更多河南辖区上市公司2025年投资者网上集体接待日活动，请点击：https://rs.p5w.net/html/146808.shtml 豫地英才聚商都，智绘中原新胜景！ 邓艳峰称，近年来，面对跨国企业的 ...

Group 1 - Xiaomi Technology (Wuhan) Co., Ltd. and Beijing Xiaomi Mobile Software Co., Ltd. have applied for a patent titled "Control Method, Device, Electronic Equipment, and Storage Medium for Motor," with publication number CN119995443A, filed on November 2023 [1] - The patent involves a motor control method that includes controlling the first current to move the rotor to a first target position and then controlling the second current to move the rotor to a second target position, addressing the issue of rotor stalling during motor startup [1] - Xiaomi Technology (Wuhan) Co., Ltd. was established in 2017, has a registered capital of 21 million RMB, and has invested in 4 companies with 881 patents and 13 administrative licenses [1] Group 2 - Beijing Xiaomi Mobile Software Co., Ltd. was established in 2012, has a registered capital of 148.8 million RMB, and has invested in 3 companies, participated in 129 bidding projects, holds 5000 patents, and has 123 administrative licenses [2]

Core Viewpoint - The proposal for the international standard on wind turbine generators, initiated by China, has successfully been established at the International Electrotechnical Commission (IEC), marking the first international standard for wind turbine generators [1] Group 1: Standard Details - The international standard titled "Wind Energy Generation Systems - Design Requirements for Wind Turbine Generators" includes specifications for generator design and verification methods, operational maintenance guidance, safety, and green design [1] - This standard provides essential requirements and guidance for the design of generators that connect to the grid via inverters [1]

Market Overview - The Shanghai Composite Index closed at 3367.46 points, down 0.4%, with a trading volume of 435.65 billion yuan [1] - The Shenzhen Component Index closed at 10179.60 points, down 0.07%, with a trading volume of 653.90 billion yuan [1] - The ChiNext Index closed at 2039.45 points, down 0.19%, with a trading volume of 298.46 billion yuan [1] - The STAR Market 50 Index closed at 995.24 points, down 0.57%, with a trading volume of 17.18 billion yuan [1] - Total trading volume for both markets was 1,089.54 billion yuan, a decrease of 62.86 billion yuan from the previous trading day [1] Sector Performance - Strong sectors included automotive, machinery, pharmaceuticals, retail, chemicals, jewelry, telecommunications, and light manufacturing [2] - Weak sectors included beauty care, securities, insurance, food and beverage, banking, and oil and petrochemicals [2] - The automotive sector saw the highest net inflow of funds, amounting to 3.91 billion yuan [7] Stock Performance - A total of 2,871 stocks rose, while 2,054 stocks fell, with 200 stocks remaining flat [2] - 71 stocks hit the daily limit up, while 13 stocks hit the limit down [2] - The most popular stock by limit-up orders was Hongtong Gas, with a closing limit-up order of 39.87 million shares [2] Fund Flow - The net inflow of main funds in the two markets was 2.38 billion yuan, with 17 sectors showing net inflows [5][7] - The net outflow from the ChiNext was 2.70 billion yuan, while the net inflow for the CSI 300 was 1.24 billion yuan [5] - 47 stocks saw net inflows exceeding 1 billion yuan, with BYD leading at 1.34 billion yuan [9][10] Institutional Activity - Institutions net bought 2.27 billion yuan worth of stocks, with the highest net purchase in Kuaijingtong at approximately 112.44 million yuan [14][15] - The most sold stock by institutions was Jilin Chemical Fiber, with a net outflow of 769 million yuan [11][12]

编号：2025-02 | 投资者关系活动 | 分析师会议 □特定对象调研 □ | | --- | --- | | 类别 □ | 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 | 投资者网上提问 | | 人员姓名 | | | 时间 2025 | 年 月 日 5 15 15:00-16:30 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、党委书记、董事长曲增杰 | | 员姓名 | 2、党委副书记、总经理、董事梁成永 | | | 3、总会计师、董事会秘书刘克冷 | | | 4、独立董事赵毅 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： 1、曲总，今年贵公司有没有可能扩大规模，大力发展公司， | | | 把公司做大做强？ | | | 您好！2025 年公司将加大技术研发力度，强化项目精细化 | | 投资者关系活动 主要内容介 ...

Core Viewpoint - Shandong Province is implementing the "Eight Major Actions" to enhance the high-level consumption of renewable energy while maintaining the role of coal power as a stabilizing force in the energy system [1] Group 1: Coal Power's Role and Measures - Coal power serves as a "ballast" for ensuring the safe and stable operation of the power system and is crucial for promoting renewable energy consumption [1] - During the 14th Five-Year Plan period, Shandong will introduce action plans for the transformation and upgrading of the coal power industry, including the phased retirement of subcritical units and the enhancement of peak regulation capabilities of coal power plants [1][5] Group 2: New Coal Power Projects - The province is accelerating the planning and construction of clean and efficient coal power units, with new standards for flexibility in operation, requiring new pure condensing and extraction condensing coal power units to have minimum technical outputs of no more than 20% and 30% of rated load, respectively [3] - A total of 8.72 million kilowatts of new coal power capacity is expected to be added through projects like Linyi Hengxin and Huawang Thermal Power [3] Group 3: Upgrading Existing Coal Power Units - The province is fully implementing upgrades for existing large coal power units, with 66 units and 31.895 million kilowatts already modified for flexibility, adding over 7 million kilowatts of regulation capacity [4] - The goal for this year is to complete the "three modifications" for approximately 20 million kilowatts of coal power units [4] Group 4: Support for Thermal-Electric Decoupling - Shandong is promoting thermal-electric decoupling technology, encouraging coal power units to adopt electric boilers and molten salt storage to enhance flexibility [4] - Pilot projects like Jining Huayuan and Datang Linqing Power Plant are being established to improve rapid response capabilities of coal power units [4] Group 5: Future Plans and Standards - The Shandong Energy Bureau will develop implementation plans aligned with national coal power upgrade initiatives, focusing on deep peak regulation, rapid adjustment, strong support, wide load, high resilience, and low emissions [5] - Future coal power projects will be strictly controlled and planned according to new generation coal power standards to enhance peak regulation capabilities and adapt to the needs of the new power system [5]

问：目前燃煤机组主要的降碳技术路线有哪些？ 答：目前主要为生物质掺烧、绿氨（氢）及碳捕集利用与封存技术。目前上述 技术还处于示范阶段，存在关键技术突破、提升经济性、加强政策支持、增强 跨产业协同等挑战。2024 年公司加速推进燃煤锅炉混氨燃烧技术的示范应用， 实现收入 5,506.05 万元，2025 年将继续开展展氨/氢、生物质掺烧技术研发。 烟台龙源电力技术股份有限公司 投资者关系活动记录表 | 编号：2025-01 | | --- | 证券代码：300105 证券简称：龙源技术 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 参与单位名称 及人员姓名 天风证券：胡冰清、李宁 时间 2025年5月14日 10:00-11:00 地点 公司本部会议室 上市公司接待 人员姓名 总会计师兼董事会秘书 刘克冷、证券事务代表 宫文静 投资者关系活 动主要内 介绍 一、由宫文静女士对公司情况进行了介绍。 二、投资者提出的问题及公司回复情况。 问：4 月份《新一代煤电升级专项行动实施方案（2025—2027 年）》的发布对 目前行业发展有哪些影响？ 答：该《方 ...

证券研究报告 | 公司深度 | 电机Ⅱ 微特减速电机隐形冠军，持续拓展下游应用场景 ——江南奕帆深度报告 投资要点 ❑ 深耕微特减速电机领域，持续拓展下游应用场景 公司专注于定制化微特减速电机的研发、制造和销售。公司产品线丰富多样，包 括永磁直流电动机、交直流两用电动机、三相异步电动机和单相电容电动机等， 共计超 3,000 种规格型号。2024 年以来公司业绩持续回暖。2024 年，公司实现营 业收入 2.82 亿元，同比增长 61.69%；归母净利润 0.95 亿元，同比增长 98.51%。 2025Q1，公司实现营业收入 0.55 亿元，同比增长 35.97%；归母净利润 0.17 亿 元，同比增长 28.31%。 ❑ 减速电机千亿赛道，下游应用领域广泛 减速电机是指电机和减速机构的集成体，下游包括输配电、房车、新能源汽车、 太阳能追踪器、太阳能电池板清洗机器人、电动自行车、人形机器人等行业。 2023 年中国市场减速机及配套电机市场规模为 884 亿元，预计 2030 年将达到 1156 亿元，20242030 年的复合增长率 CAGR 为 5.12%。 ❑ 工艺技术及产品质量行业领先，下游客户质优面 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [5] Core Insights - The company specializes in the research, manufacturing, and sales of customized micro and special reduction motors, with a diverse product line exceeding 3,000 specifications [1][14] - The company has shown significant revenue growth, achieving 282 million yuan in 2024, a year-on-year increase of 61.69%, and a net profit of 95 million yuan, up 98.51% [1][16] - The reduction motor market in China is projected to grow from 884 billion yuan in 2023 to 1,156 billion yuan by 2030, with a CAGR of 5.12% from 2024 to 2030 [2][33] Summary by Sections Company Overview - The company has a strong focus on the micro and special reduction motor sector, continuously expanding its downstream application scenarios [1][14] - It has established long-term partnerships with renowned companies such as Siemens, Schneider Electric, and Eaton, enhancing its market position [3][56] Market Potential - The reduction motor market is vast, with applications in various industries including power distribution, RVs, and renewable energy [2][33] - The company is actively expanding into new fields such as electric bicycles and humanoid robots, aiming to create new growth curves [4][61] Financial Performance - The company forecasts revenues of 364 million yuan in 2025, 451 million yuan in 2026, and 543 million yuan in 2027, with respective growth rates of 29%, 24%, and 20% [5][6] - The net profit is expected to reach 114 million yuan in 2025, 135 million yuan in 2026, and 159 million yuan in 2027, with growth rates of 20%, 19%, and 18% respectively [5][6] Research and Development - The company maintains a high R&D expense ratio of over 4.5%, with significant investments in technology and product quality [3][51] - It holds 82 patents, including 22 invention patents, showcasing its commitment to innovation [51][52] Customer Base - The company has a strong customer base, including major players in the power distribution and solar industries, which enhances its competitive edge [3][56] - It has established strategic partnerships with key clients, ensuring a stable supply chain and long-term collaboration [56][57]

编号：2025-001 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 □电话会议 □其他： （请文字说明其他活动内容） 参与单位名称 及人员姓名 西南证券股份有限公司：巢语欢 时间 2025 年 5 月 13 日 10:00-11:30 地点 新大楼四楼会议室 公司接待人员 姓名 王勤平、强静娴 投资者关系活动 主要内容介绍 1.2024 年交流异步电机收入下降原因？ 答：主要原因：（1）近几年，房地产行业调整导致暖通空调需要下 滑，交流异步电机 2024 年营收同比下降 29.8%；（2）基于直流无刷电 机高效节能的优势，传统交流异步电机的部分应用被替代，导致对交 流异步电机需求呈现结构性减少。为此，公司也适时调整了产能配 置，以充实其他领域的制造能力。 2.2024 年研发投入及在研产品规划？ | | 答：面对下游应用的结构调整，公司加大了对其他领域的市场拓展， | | --- | --- | | | 增加了包括委外研发在内的研发投入。2024 年研发费用 2880 万元，与 | | | 去年同期比增加 17.81%；研发费用占营收 5 ...