Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 53.946 million yuan, with a net profit attributable to shareholders of -16.3909 million yuan [6] - For the year 2024, the company reported total revenue of 382.6878 million yuan, a year-on-year increase of 13.62%, with main business revenue increasing by 14.44% to 374.4190 million yuan [10] - The total profit for 2024 was -5.6644 million yuan, showing a year-on-year improvement of 13.45%, while the net profit attributable to shareholders was -1.8044 million yuan, an increase of 1.12% year-on-year [10] Group 2: Research and Development - The company's R&D investment accounted for 5.47% of its revenue in 2024, with plans to further increase this investment to enhance technological innovation and product upgrades [2] - The company employs a tiered R&D model focusing on production, improvement, development, and reserve of new products to maintain advanced product development [2] Group 3: Market Expansion and Strategy - The company aims to consolidate existing markets while accelerating the development of new markets and strategic partnerships with quality new clients [3] - There is a focus on enhancing international market research and expanding export business to ensure stable growth [3] - The company is committed to improving market share through increased product promotion and diversification of product sales [7] Group 4: Shareholder Information - As of April 18, 2025, the number of shareholders was 26,207 [4] - Currently, there are no plans for share repurchase, but the company will comply with disclosure obligations if such plans arise in the future [5] Group 5: Impact of External Factors - The company has no direct exports to the U.S., thus the recent tariff increases have no immediate impact on its operations [4] - The company is monitoring international trade policy changes closely [4] Group 6: Industry Outlook - The company is optimistic about the future demand for intelligent mining equipment and systems due to increasing efficiency and safety requirements in coal mining [3] - The overall industry performance data is currently unknown, but the company remains focused on maintaining normal operations without ST risk warnings [8]

近日，《中国经营报》记者在参加由国务院国资委新闻中心与中国广核集团联合举办的"走进新国企·中 广核青山绿水行"活动中了解到，中广核正以新发展理念为内蒙古这片辽阔的沃土描绘绿色发展的宏伟 蓝图。中广核业务覆盖内蒙古自治区12个盟市，累计向电网输送绿色电力近800亿千瓦时，有效治理沙 漠面积超18万亩。 绿色发展，治沙面积超18万亩 在鄂尔多斯库布其沙漠腹地，中广核建成格桑、白鹭、明德、朔方、卓越、锦帆6座光伏电站，采用"板 上发电、板下修复、板间种树、治沙改土"的立体化新型产业循环模式开展沙漠治理。 电站光伏板以阵列形式覆盖沙丘表面，在阳光下形成蔚蓝色的"能源海洋"。扬柴、沙蒿、沙大旺等抗旱 防沙植物在光伏板下茁壮成长，黄芩、红枣树等经济植物向阳生长，不仅提高了经济效益，还有效防风 固沙，防止光伏支架下沉。电站还通过智能站控系统、"太阳能+多能互补"供热系统、用电用水分项计 量监测和智能化控制等技术措施，打造科技治沙、智慧运营、管理规范的绿色电站。 "我们已完成有效治沙面积达3.4万亩，植被覆盖率从不足15%跃升至65%，为当地荒漠化环境改善和建 设国家'绿色北疆'作出了积极贡献。"中广核新能源格桑光伏电站负责 ...

科沃斯（603486）在2025年首季迎来"开门红"。 4月25日晚，科沃斯(603486.SH)同时发布了2024年年报与2025年一季报，报告期内，公司的营收与净利 润纷纷大涨。今年一季度，公司净利润增幅接近60%。 梳理财报后，证券之星发现，科沃斯之所以能够收获如此亮眼的成绩单，离不开技术创新和对趋势洞察 上的前瞻性。2024年，公司的系列明星新品备受赞誉，T50和X8系列新品在四季度更分别实现29.4万台 和20.6万台销售，推动品牌在中高价格市场份额的显著提升。其X8ProPlus一举斩获2024IFA"家庭清洁 机器人品牌奖"与"家居清洁解决方案金奖"两项产品技术创新大奖。 而凭借着丰富的产品线、卓越的创新能力，科沃斯在海外市场持续获得认可，2024年，科沃斯品牌和添 可品牌在欧洲市场营业收入较上年分别同比大增51.6%和64%。 值得一提的是，2024年，在实现业绩增长的同时，科沃斯也凭借着多项降本举措，使毛利率提升2个百 分点，今年一季度，公司毛利率进一步提升至49.68%。 两大自有品牌业务收入合计达161.43亿元，占公司报告期总收入的97.59%。从单季度来看，受益于国补 政策的有效实施 ...

Core Viewpoint - In 2024, Lijun Co., Ltd. (002651) demonstrates strong operational resilience and market vitality amid intensified industry competition, supported by proactive strategic layout, stable profitability, and impressive cash flow performance [1][2] Financial Performance - The company achieved operating revenue of 776 million yuan and a net profit attributable to shareholders of 120 million yuan in 2024, with a comprehensive gross margin of 39.11%, remaining stable year-on-year [1] - The net cash flow from operating activities reached a historical high of 345 million yuan, with a year-end cash balance of 1.277 billion yuan, also a record [1] Business Development - Lijun's wholly-owned subsidiary, Dekun Aviation, continues to excel in the aerospace component manufacturing sector, generating operating revenue of 386 million yuan despite lower-than-expected product sales settlements, maintaining a high gross margin [1] - The company signed a cooperation agreement worth 100 million yuan with Zhongjin Mining (001203) for high-pressure roller mills and upgrades, showcasing its strong competitiveness in grinding systems and related equipment manufacturing [1] Research and Development - As a high-tech enterprise, Lijun Co. has increased its R&D investment, which accounted for 5.96% of its revenue in 2024, resulting in 24 new authorized national patents [2] - The company holds a total of 182 authorized national patents, including 66 invention patents and 116 utility model patents, and has received multiple provincial and municipal science and technology progress awards [2] Dividend Policy - The company plans to distribute a cash dividend of 0.6 yuan (including tax) per 10 shares for the 2024 fiscal year, with a payout ratio exceeding 50% [2] - Over the past three years, the cumulative cash dividends (including buybacks) accounted for over 90% of the average annual profit, reflecting the company's robust financial status and stable dividend policy [2]

触媒，是催化剂的别称，指能够改变化学反应速率而自身不参与消耗的物质。在全球化工产业中，超90%的 化学反应需要催化剂参与，催化剂市场规模与市场需求逐年上升。但部分催化剂生产企业因技术工艺水平不 足，长期从事低端催化剂生产工作，产品附加值较低。当前，我国石化产业正处于产业变革的关键节点，亟 须加快催化剂等产业的升级转型和技术自主化步伐。 在中国，有这样一家以触媒命名的企业——中触媒新材料股份有限公司(以下简称中触媒)。该公司多年深耕 催化剂的研发与应用，在铁钼法甲醇制甲醛催化剂这一长期被国际化工企业技术垄断的领域，突破了催化剂 一致性、稳定性和装填等核心技术瓶颈，实现了国产化替代技术研发与应用，目前已完成产品全生命周期运 行。 从技术攻坚到产业赋能，中触媒成功研发出甲醛铁钼催化剂，彰显了该公司克服重重困难推动催化剂产业化 的创新精神，为化工行业转型升级提供了重要范本。 中触媒全景图 铁钼催化剂进入"国产时代" 甲醛作为基础化工原料，是胶合板、家具、纺织品等领域的核心中间体，亦在消毒防腐行业占据重要地位。 甲醇氧化制甲醛工艺通常以甲醇为原材料，通入空气，经原料汽化、催化氧化、产品吸收和浓缩精制等流程 制得成品。 ...

十年前的一个夜晚，深圳坂田的一间办公室里，陈跃云盯着电脑屏幕上的"Transpeed"商标抢注通知，指尖发冷。 这个靠低价策略一度冲上速卖通机顶盒品类TOP1的品牌，曾为他带来年销500万美元的业绩。但此刻，被人恶意抢注打乱了陈跃云的出海节奏，更致 命的是，市面上出现了许多同类型产品，价格战让利润越来越薄。 "没有品牌的白牌出海，终究是给他人做嫁衣。"他说。仓库里堆积的机顶盒零件，像一座座沉默的墓碑，祭奠着中国制造"薄利多销"时代的困局。 当年陈跃云面临的困局如今正摆在千千万万的出海中企前。 走低价路线，还行得通吗？这似乎是当下许多中国企业不得不面对的拷问。回望几年前，凭借极具性价比的产品，曾一度成为低价创新的典范。那 时，低价策略似乎是打开海外市场的金钥匙，凭借成本优势迅速抢占市场份额。 然而，时过境迁，全球贸易环境日渐复杂、地缘政治更为紧张。低价产品曾经依赖的政策红利也在逐渐消失。 出品｜虎嗅商业消费组 作者｜周月明 编辑｜苗正卿 题图｜AI生成 美国市场就是典型例子。当对华关税加征至145%以及800美元以下产品关税豁免政策取消后，已经有大量商家叫苦不迭。 "若取消800美元以下关税豁免政策，每件货物还 ...

"在技术创新方面，公司持续加大研发投入。我们密切与高校、科研机构的合作，共同攻克锂电池能量 密度提升、安全性增强、快充技术优化等关键技术难题。"该公司物流仓储部负责人刘小华介绍，今年 一季度，该公司出口货值超2.5亿美元，较去年同期实现了跨越式增长，订单已排到几个月后。 为助力福建省锂电池产业发展，厦门海关推进智慧化、集约化、便利化监管模式，上线"产品线预审 +装配线可视"远程智慧监管项目，实施并批检验、集中出证的"一站式"服务。依托智慧海关建设，联合 港口码头推行"提前申报+出口直装"模式，确保危险货物冷藏箱通关全程"不落地"；为重点企业开辟"专 属通道"，实施"提前申报+优先查验"，进一步提升通关效率。 厦门海关相关负责人表示，将进一步畅通关企沟通渠道，紧跟企业需求和产业发展趋势，优化出口锂电 池包装检验流程，推广"绿色通道""云上监管"等便利通关模式，帮助企业实现"高周转低库存"，全力支 持锂电池出口。(张文科) 目前，锂电池产业已成为福建省的优势特色产业，以宁德、厦门为南北双引擎，正领跑全球新能源赛 道。据厦门海关统计，今年一季度，福建省锂电池出口总值达305.02亿元，同比增长21.72%，连续21 ...

Core Viewpoint - Lantu Motors aims to position itself as a global high-end intelligent brand, focusing on user-centric technology and services to meet growing travel demands [2][3]. Brand Strategy - Lantu Motors emphasizes a user-oriented approach, encapsulated in the core philosophy of "dedicated service to users," guiding all aspects from product development to after-sales service [2]. - The brand inherits over 50 years of automotive expertise from Dongfeng Group and aims for high-quality development while targeting the top tier of global new energy luxury brands [2][3]. Market Positioning - Lantu Motors has expanded its reach to over 40 international markets and has obtained 38 international certifications, including EU whole vehicle type approval, showcasing its product quality and brand strength [3]. - The company plans to further expand in global markets with an open and proactive attitude to adapt to market changes [3]. Industry Trends - The CEO expresses concerns about safety in intelligent driving technology, highlighting collaborations with companies like Huawei to enhance overall capabilities in perception, decision-making, and execution for user safety [3]. - Lantu Motors has introduced its first L3-level intelligent architecture, Tianyuan Smart Architecture, which aims to elevate vehicle intelligence and provide a safer, smarter travel experience [3]. - The company is committed to continuous innovation in safety technology and overall vehicle intelligence to meet evolving user needs [3]. Globalization of the Automotive Industry - There is optimism regarding the globalization of the Chinese automotive industry, with expectations for rapid development and the need for Chinese automakers to adopt an open mindset to face global market challenges [4].

十年前的一个夜晚，深圳坂田的一间办公室里，陈跃云盯着电脑屏幕上的"Transpeed"商标抢注通知， 指尖发冷。 这个靠低价策略一度冲上速卖通机顶盒品类TOP1的品牌，曾为他带来年销500万美元的业绩。但此刻， 被人恶意抢注打乱了陈跃云的出海节奏，更致命的是，市面上出现了许多同类型产品，价格战让利润越 来越薄。 "没有品牌的白牌出海，终究是给他人做嫁衣。"他说。仓库里堆积的机顶盒零件，像一座座沉默的墓 碑，祭奠着中国制造"薄利多销"时代的困局。 当年陈跃云面临的困局如今正摆在千千万万的出海中企前。 走低价路线，还行得通吗？这似乎是当下许多中国企业不得不面对的拷问。回望几年前，凭借极具性价 比的产品，曾一度成为低价创新的典范。那时，低价策略似乎是打开海外市场的金钥匙，凭借成本优势 迅速抢占市场份额。 然而，时过境迁，全球贸易环境日渐复杂、地缘政治更为紧张。低价产品曾经依赖的政策红利也在逐渐 消失。 美国市场就是典型例子。当对华关税加征至145%以及800美元以下产品关税豁免政策取消后，已经有大 量商家叫苦不迭。 "若取消800美元以下关税豁免政策，每件货物还会有大约3美元（约20元人民币）的清关费用，更不用 提 ...

Core Viewpoint - The company reported a significant decline in revenue for 2024, primarily due to a sharp decrease in income from its core business of process pollution control equipment, which fell by 65.68% [1] Business Segments - The revenue from process pollution control equipment was 11.15 billion yuan, accounting for 54.30% of total revenue, indicating it remains a major income source [1] - The photovoltaic products segment generated 6.44 billion yuan, representing 31.35% of total revenue, showcasing rapid growth and diversification of income sources [1] - Domestic operations accounted for 89.80% of total revenue, while international business saw a 5.99% increase, contributing 10.20% to total revenue, indicating initial success in international expansion [1] R&D Investment - The company increased its R&D expenditure to 1.61 billion yuan, a 4.61% year-on-year growth, reflecting its commitment to technological innovation as a means to enhance market position and profitability [2] Industry Challenges - The photovoltaic industry is facing severe market challenges in 2024, including supply-demand mismatches, intense competition, and significant price declines, leading to widespread pressure on profitability across the sector [3] - Many companies, including the company, are experiencing losses due to ongoing price wars and excess capacity, although the company's losses are comparatively lower than some peers, indicating resilience [3][4] - The company has faced delays in large-scale photovoltaic waste gas treatment and mechanical systems projects, affecting revenue recognition, but these projects are expected to contribute significantly once the industry recovers [4] Long-term Potential - Despite short-term performance pressures, the company has established a solid foundation for future value release through continuous investment in technology, capacity, and strategic optimization [5] - The company has a strong position in the TOPCon battery technology, which is expected to become a major profit driver as production capacity increases and costs decrease [5][6] - The company holds 262 patents, including 60 invention patents, which supports its long-term sustainable development and competitive advantage in the industrial pollution control sector [6] - Positive signals for the photovoltaic industry are anticipated in 2025, including price recovery and increased installation demand, positioning the company favorably for future growth [6]