证券代码：301252 证券简称：同星科技 浙江同星科技股份有限公司 投资者关系活动记录表 编号：2025-001 | | ☑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 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称及 | 中信证券 王涛 | | 人员姓名 | 野村资管 李行杰 | | 时间 2025 | 年 4 月 30 日上午 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书：梁路芳 | | 员姓名 | 证券事务代表：潘晨曦 | | | 1、公司 2025 年的工作重点和目标是什么？在客户拓展及新业 | | | 务开发上有哪些布局？ | | | 答：公司将积极围绕 2025 年度经营方针"降本增效 全员共担共 | | | 享，高效服务 获取市场机会，苦练内功 营造竞争优势"来制定工作 | | | 目标，推动公司稳步发展。同时，公司积极在海外市场进行布局，现 | | | 已在泰国设立公司，筹建海外生产基地，进一步加快全球化步伐，为 | | 投资者关系活动 | 公司可持续发展 ...

Group 1 - The core viewpoint of the reports indicates that Kangtai Medical achieved a revenue of 480 million yuan in 2024, with significant contributions from home-use products (184 million yuan) and hospital products (252 million yuan) [1] - In Q1 2025, Kangtai Medical reported a revenue of 112 million yuan, representing a year-on-year growth of 12.77%, and a net profit attributable to shareholders of 16 million yuan, up 277.67% year-on-year [1] - The company maintained a research and development investment exceeding 100 million yuan in 2024, despite overall performance pressures, and is advancing fundraising projects to deepen its industry chain layout [1] Group 2 - Kangtai Medical emphasizes technological innovation as its core competitiveness, with a research and development strategy focused on "innovation, efficiency, quality, cost reduction, and enhancement" [2] - The company invested 105 million yuan in R&D in 2024, resulting in 57 new domestic patents, including 11 invention patents and 46 utility and design patents, along with 15 software copyrights [2] - To address global business expansion and product diversification challenges, Kangtai Medical is implementing lean production models and optimizing production processes, including the introduction of SMT technology and automation in assembly [2] Group 3 - As of the end of the reporting period, Kangtai Medical had invested 92.53 million yuan from convertible bond fundraising, with the construction of the "Kangtai Industrial Park" project completed and entering the decoration phase [3] - The "Kangtai Medical Device Industrial Park" project in Beidaihe is set to commence construction in July 2024, with the main structure already topped out, providing critical support for future capacity ramp-up and large-scale production of new products [3] - Looking ahead to 2025, Kangtai Medical plans to continue its steady and innovative operational strategy, focusing on core business, maintaining R&D investment, enhancing product and service quality, and optimizing resource allocation to maximize shareholder and company benefits [3]

Core Viewpoint - Zhejiang Wuzhou New Spring Group Co., Ltd. reported a revenue increase of 5.10% in 2024, but net profit decreased significantly by 33.88%, primarily due to losses from overseas subsidiaries [1][3][22] Financial Performance Analysis - Revenue for 2024 reached 3.265 billion yuan, up from 3.106 billion yuan in the previous year, indicating a growth of 5.10% [2] - The automotive parts sector saw a revenue increase of 20.24%, while the thermal management system components grew by 11.70%. However, bearing products only grew by 0.22%, suggesting slower growth in traditional business areas [2] - Net profit attributable to shareholders was 91.37 million yuan, down from 138 million yuan in 2023, marking a decline of 33.88% [3] - Basic earnings per share fell to 0.25 yuan from 0.40 yuan, a decrease of 37.50% [4] Expense Analysis - Sales expenses increased by 30.22% to 109 million yuan, attributed to the consolidation of WJB Holdings, indicating a stronger market promotion effort [5] - Management expenses rose by 10.50% to 164 million yuan, reflecting increased operational costs [6] - Financial expenses surged by 122.21% to 33.04 million yuan, primarily due to increased short-term borrowings and the consolidation of WJB Holdings, indicating heightened debt pressure [7] Cash Flow Analysis - Net cash flow from operating activities decreased by 30.92% to 196 million yuan, mainly due to the consolidation of WJB Holdings, which may affect liquidity and operational efficiency [10] - Net cash flow from investing activities worsened to -374 million yuan from -119 million yuan, indicating increased investment efforts [11] - Net cash flow from financing activities turned positive at 140 million yuan, up from -69.12 million yuan, due to increased bank borrowings [12] R&D Investment - R&D expenses slightly decreased by 2.60% to 98.70 million yuan, representing 3.02% of revenue, showing continued commitment to innovation [8][13] - The company established a central research institute to enhance R&D capabilities and product upgrades [13] - The R&D team consists of 378 personnel, with a focus on attracting top talent for technological advancements [14] Overall Evaluation - Despite revenue growth, the significant decline in net profit highlights challenges in overseas operations and cost management. The company needs to enhance overseas business management and optimize its business structure to improve profitability while continuing to invest in R&D to address market competition [22]

"五一"假期前的最后一天，A股上市公司2024年年报及2025年一季报披露，已基本落幕。 数据显示，截至4月30日，5411家A股上市公司中，已有5402家披露2024年年报，5399家披露2025年一 季报。A股上市公司提交了年度营收近72万亿元的"成绩单"。 2024年：各行业间业绩分化明显 2024年全年，A股上市公司合计实现营业收入71.92万亿元，同比下降0.22%；实现归母净利润5.21万亿 元，同比下降2.96%。 其中，4029家实现盈利，占比约75%；2567家归母净利润同比增长，占比约48%，含548家上市公司净 利增超100%，1279家上市公司净利增超30%。正丹股份（300641）净利润同比增长近120倍，成为2024 年A股净利"增幅王"。 从板块来看，2024年主板营收、净利双降，分别同比下降0.39%、1.83%；创业板、科创板均呈现营收 正增长，净利润下降，其中创业板营收增速为2.72%，归母净利润同比下降13.47%，科创板营收同比增 加0.26%，归母净利润下降39.68%；北交所营收同比下降2.21%，归母净利润降幅为21.99%。 从营收来看，电子设备、信息技术和交通 ...

由上海市总工会、东方娱乐、SMG纪录片创制中心（真实传媒）联合打造的《上海工匠第十季——奋楫》将于5月1日至5日每天8:05在东方卫视两集连播。 节目海报 值此上海市总工会百年华诞之际，节目以"百舸争流，奋楫者先"的进取精神为核，聚焦临床医学、智慧港口、精密测量、海洋工程等领域的十位上海顶尖工 匠。 张蕾 这位非科班出身的"网络尖兵"，在看不见的维度演绎着攻防战。两会、进博会、党的二十大，她在数字洪流中筑坝，用渗透测试撕裂防御假象，以漏洞挖掘 构筑坚实护盾。五年间，她在虚拟战场淬炼出的不仅是技术利刃，更是守护光明的信念——每个补丁都在书写"此路不通"的宣言。 上海工业自动化仪表研究院有限公司张怀锁，正用中国力值重新定义世界测量体系。 在坚冰上镌刻中国精度 在灯火通明的城市背后，在洋山港的万吨巨轮旁，在新能源海域的长风波涛里，有这样一群以匠心为舟、以勇毅作楫的孤勇者，用毫厘必争的精度刻下中国 智造的高度。 张怀锁 面对钢铁、建筑、交通、航空航天等领域的"万吨级"力值检测空白，他带领团队用五年光阴浇筑出世界首台套100MN力标准测力机，在极限载荷下验证 了"中国芯"的硬核实力。其主导研发的最大量程70MN轧制力传 ...

近日，上海德凯工业技术有限公司(以下简称上海德凯)正式签约入驻企知道科创空间。上海德凯在工业技术领域 已深耕二十余载，是国内领先的散状固体物料工厂系统商。公司的主导产品"化学品领域用稀相气力输送系统"在 2023年和2024年市场占有率分别达到19.46%和25.71%，稳居行业前列。 同时，在聚烯烃弹性体(POE)物料输送领域，公司的POE物料输送技术以"防板结、低损耗、智能化"为核心，通过 动态涂覆、模块化集成及工业级防护设计，解决了高温粘连、粉尘污染和设备稳定性等行业痛点，同时为化工新 材料国产化提供了关键技术支持。其技术路线不仅提升了输送效率，还降低了能耗与维护成本，契合高端制造领 域对精细化生产的需求。 专注技术研发与创新，推动工业技术不断突破 上海德凯成立于2003年12月，位于上海市嘉定区，凭借专业的技术与不懈的努力，已成长为行业内颇具影响力的 企业。公司专注于特殊设备设计、生产以及系统成套服务，为客户提供从项目规划到最终交付的一站式解决方 案，主要产品围绕气力输送系统展开，涵盖了物料的输送、混合、分离、除尘等关键环节的设备与系统，深度涉 足石油化工、煤化工、天然气化工和环保等多个关键领域。特别 ...

Core Viewpoint - The Hubei Provincial Museum has launched a new VR experience project titled "Through the Bronze Age," allowing visitors to interact with historical artifacts like the Sword of Goujian and the Zeng Hou Yi chime, creating an immersive cultural experience [1][3][5]. Group 1: Project Overview - The VR theater spans 1,000 square meters, where visitors can don VR headsets to explore the details of the Bronze Age in China, guided by a virtual creature [3]. - The project features over 30,000 model assets, including characters, artifacts, and architecture, with a focus on high-fidelity restoration of museum collections [5][8]. - The project celebrates the 60th anniversary of the discovery of the Sword of Goujian, showcasing a "giant sword spectacle" that magnifies the sword by 10,000 times [5][8]. Group 2: Cultural Significance - The project represents a technological innovation in cultural heritage and aims to pass down the spirit of ancient artifacts to contemporary audiences [7]. - The team behind the project has dedicated nearly 400 days to its development, emphasizing the importance of craftsmanship and historical legacy [7][8]. Group 3: Technical Aspects - The project is produced by the Hubei Provincial Museum in collaboration with local cultural technology companies, utilizing award-winning technology previously used in notable animations [8]. - The music for the experience is developed in partnership with a team known for their work on the game "Black Myth: Wukong," enhancing the immersive experience [8]. Group 4: Visitor Engagement - The VR project is now available for ticket reservations, expected to attract significant interest during the upcoming May Day holiday [10].

深圳新益昌科技股份有限公司近日发布2024年年报，报告期内，公司多项财务指标出现明显变化。其 中，净利润同比下降32.91%，研发投入占营收比例提升1.17个百分点。这些数据背后，反映了公司在战 略转型过程中的挑战与机遇。 风险与挑战市场风险：全球经济周期性波动，尚未全面复苏，下游行业需求可能受影响，公司业绩面临 不确定性。行业竞争加剧，国内外竞争对手可能推出更具竞争力的产品，公司需提升产品差异化优势， 巩固市场地位。技术风险：智能制造装备技术快速发展，公司若不能及时跟进技术升级，可能面临产品 竞争力下降风险。需持续投入研发，加强技术创新，以适应市场变化。财务风险：报告期末应收账款账 面价值为545,735,809.36元，占总资产比例为19.30%，若应收账款对象信用恶化，可能导致坏账损失， 影响公司资金流动性和经营成果。存货账面价值为759,847,187.58元，占流动资产比例为39.54%，若市 场环境变化，存货可能面临减值风险。 高管薪酬情况董事长胡新荣：报告期内从公司获得的税前报酬总额为94.33万元。总经理宋昌宁：从公 司获得的税前报酬总额为94.33万元。副总经理袁满保：获得的税前报酬总额为1 ...

苏州明志科技股份有限公司于近日发布2024年年度报告，报告期内公司多项财务数据出现较大变化。其 中，净利润同比增长352.42%，而经营活动产生的现金流量净额同比下降38.56%。这两项数据的巨大反 差，值得投资者密切关注。 营业收入稳健增长，业务结构优化成效显著 2024年，明志科技实现营业收入631,484,178.63元，同比增长18.37%。从业务板块来看，装备产品实现 销售22,531.01万元，同比增长33.60%；铸件产品实现销售37,332.84万元，同比增长9.51%。装备项目本 年度验收交付情况较好，成为带动销售收入增长的主要动力。公司积极拓展新的产品应用领域和市场， 在装备业务领域开拓了意大利、英国等欧洲新客户，铸件业务领域拓展进入工程机械的阀体类零件开发 并进行了批量生产，还布局了新能源行业的新兴产品。这些举措不仅推动了营业收入的增长，也优化了 公司的业务结构，提升了公司的市场竞争力。 净利润大幅增长，盈利能力显著提升 归属于上市公司股东的净利润为66,340,005.18元，同比增长352.42%；归属于上市公司股东的扣除非经 常性损益的净利润为34,397,940.13元，上年同期 ...

Summary of Conference Call Notes Company and Industry Overview - **Company**: 双环传动 (Shuanghuan Transmission) - **Industry**: Gear manufacturing, particularly focusing on the automotive sector, including traditional fuel vehicles and electric vehicles Key Points and Arguments Revenue and Growth - **Electric Vehicle Gear Business**: Revenue share reached over 41% in Q1 2025, with a year-on-year growth exceeding 50% [2][4] - **Traditional Fuel Vehicle Gear Business**: Revenue declined by approximately 5% year-on-year in Q1 2025 [2][4] - **Commercial Vehicle Business**: Gradual recovery noted, but still a drag on overall performance [2][7] - **Overall Revenue**: 2024 revenue was 8.148 billion yuan, with a growth rate of 18.46% [3] Product Performance - **Intelligent Actuator Business**: Expected growth rate over 69% in 2024, contributing over 9% to total revenue [4][6] - **Coaxial Reducer**: Monthly production capacity of 60,000 units, with strong domestic demand despite poor performance in the European market [2][5] Market Potential - **Global Gear Market Size**: Estimated at 600 billion yuan globally, with the Chinese market around 300 billion yuan [10][11] - **Emerging Applications**: Significant growth potential in new applications such as robotic vacuum cleaners [11] Manufacturing and Supply Chain - **Hungary Factory**: Production team handed over in April 2025, expected to generate revenue in the second half of the year, with profitability anticipated by 2026 at the earliest [9][23] - **Local Production Strategy**: Emphasis on localizing supply chains to mitigate risks associated with international trade [20][22] Competitive Landscape - **Competition in Coaxial Reducers**: Increased competition from leading companies and OEMs, necessitating a focus on high-quality, differentiated products [17] - **Response to New Competitors**: Company remains confident in its ability to maintain market share through innovation and cost control [26][27] Future Outlook - **Revenue Growth Guidance for 2025**: Focus on core gear technology and diversification, with expectations for continued rapid growth in electric vehicle gear and intelligent actuator segments [24] - **Single Vehicle Value**: Current value exceeds 1,000 yuan per vehicle, with expectations for further increases due to rising demand for intelligent applications [25] Additional Important Insights - **Cost Management**: Company is actively working on domestic equipment validation to enhance production efficiency and reduce costs [13] - **Commercial Vehicle Market Outlook**: Optimistic about the heavy-duty and new energy commercial vehicle markets, with ongoing efforts to secure major client orders [14][15] - **Technological Innovation**: Strong emphasis on R&D capabilities to meet specific customer needs, particularly in the robotic vacuum cleaner segment [31] This summary encapsulates the key insights from the conference call, highlighting the company's performance, market potential, competitive landscape, and future outlook in the gear manufacturing industry.