证券日报网讯奇德新材（300995）11月24日发布公告，在公司回答调研者提问时表示，公司碳纤维制品 聚焦新能源汽车行业的轻量化及高端化的产业应用，通过持续的研发投入及工艺提升，为主机厂提供从 结构设计，原材料开发及选定，工艺方案，模具开发，多工艺成型量产交付等车规级碳纤维制品一站式 服务。具体产品包括前舱盖，行李箱盖，自动尾翼，侧裙，前后保等各内外饰及功能件。凭借公司在复 合材料成型领域的技术协同，公司与客户协同开发，在碳纤维色漆技术，高品质外观工艺技术等方面形 成独特优势。公司依托在高分子材料改性、热塑性材料成型，汽车精密模具领域的技术积淀及工艺优 势，对碳纤维行业面临的高成本与生产效率低下的行业痛点进行持续的技术升级及研发投入，未来，公 司将继续在快速固化、快速热冷模具技术、热塑性碳纤维制品以及多工艺一体化成型等方面进行持续创 新，同时在市场拓展应用方面，积极参与低空飞行、人形机器人等新兴行业的碳纤维应用研究和技术储 备，目标成为行业领先的高端碳纤维成型一体化服务提供商。 ...

站、广东省工程技术研究中心、广东省企业技术中心、广东省创新型试点企业、 广东省知识产权示范企业等研发平台，累计获得授权专利 34 项，参与制定多项行 业标准。此外，公司还通过了 ISO9001、ISO14001、TATF16949、AEO 海关高级认 证体系、GRS4.0 全球再生标准以及 AS 9100D 航空航天管理体系认证，公司产品 通过 FDA、CHCC、RoHS、REACH、EN71 等认证标准。 2、公司三季报业绩经营情况如何？ 证券代码：300995 证券简称：奇德新材 广东奇德新材料股份有限公司 投资者关系活动记录表 编号：2025-119 | ☑ | 特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 | □路演活动 | | ☑ | 现场参观 | □电话会议 | | | □其他： | | | 参与单位名 | 路演时代、二进制、中信证券、国泰海通、乐盈投资 | | | 称及人员姓 | 以上排名不分先后 | | | 名 | | | | 时间 | 2025 年 11 月 21 日下午 15 ...

格隆汇11月20日丨奇德新材(300995.SZ)在投资者互动平台表示，公司高性能高分子复合材料中的聚酰 胺增强材料、聚苯硫醚增强材料，可应用于部分机器人壳体、躯干、关节，齿轮等活动部件或关节部 件、具有轻量化及高强度的特点。在机器人的刚性壳体轻量化方案中，碳纤维具备高性能、高品质的性 能及外观特点，是替代金属材料的优选方案。公司高分子改性塑料产品已和多家机器人本体或机器人零 部件企业进行技术交流，部分客户进行送样测试中。公司碳纤维制品获某主机厂客户人形机器人外壳项 目定点，收到小批量订单。公司将继续积极参与头部客户的联合开发工作，创新采用碳纤维替代金属用 于机器人外躯壳，在实现轻量化的同时，赋予产品时尚科技的外观质感。未来将进一步探索多部件替代 金属方案，助力机器人轻量化升级。 但鉴于当前人形机器人行业尚处发展初期，相关业务订单金额占 比极小，本期对公司经营业绩无重大影响。公司未来战略清晰，在改性塑料和碳纤维制品方面，加速在 新能源汽车、低空飞行、机器人等新兴领域的场景开发。 ...

Group 1 - The company has confirmed that its connector products are widely used in various fields, including rail transportation, wind power, new energy vehicles, and special equipment [2] - The company has also expanded its product applications into data centers, low-altitude flight, and robotics [2]

Core Viewpoint - The company has focused on lightweight and high-end applications in the new energy vehicle sector, actively participating in product technology research and market development for humanoid robots and low-altitude aviation, achieving significant results [2] Group 1: New Energy Vehicle Developments - The company has secured multiple new product designations through collaborations with major automotive manufacturers such as Xiaomi, Xpeng, BYD, GAC Aion, GAC Trumpchi, and Changan [2] - Notably, the company has received designations for carbon fiber products from a leading new energy vehicle client, including projects for front hoods, wheel covers, and air outlets [2] - The company has also obtained designations for carbon fiber interior components for a high-end MPV model from another client [2] Group 2: Market Participation and Uncertainty - The designations mentioned do not guarantee actual orders, and the final order amounts and delivery timelines remain uncertain, highlighting the need for caution among investors [2]

Investment Rating - The report assigns a "Buy" rating to the company, with a target price raised from 42 HKD to 50 HKD, corresponding to a projected P/E ratio of 15.2 times for 2026 [1][3][6]. Core Insights - The company is experiencing rapid growth in its battery box business, which is driving performance improvements and valuation increases. Emerging businesses are gradually taking shape, contributing to overall growth [1][3]. - The company has secured significant orders for liquid cooling products, including immersion cooling cabinets and other components, with mass production expected to begin soon. These products are aimed at major semiconductor clients [2][3]. - The company is also expanding into new business areas such as eVTOL and robotics, having established strategic partnerships and received production orders from leading firms in these sectors [3]. Financial Projections - The company is projected to achieve net profits of 2.76 billion RMB in 2025, 3.39 billion RMB in 2026, and 4.15 billion RMB in 2027, reflecting a strong growth trajectory [4][10]. - Revenue is expected to grow from 20.52 billion RMB in 2023 to 38.01 billion RMB in 2027, with a compound annual growth rate (CAGR) of approximately 20% [4][10]. - The gross margin is anticipated to improve slightly from 27.4% in 2023 to 29.5% in 2027, indicating enhanced operational efficiency [4][10].

Core Viewpoint - Xiaopeng Motors is leveraging its advancements in AI technology to enhance its product offerings, particularly in smart driving, Robotaxi, robotics, and low-altitude flying vehicles, with clear timelines for mass production and collaboration with major partners [1][2][3][4]. Group 1: Smart Driving Innovations - Xiaopeng Motors introduced the second-generation VLA, which serves as a foundational model for its smart driving capabilities, enabling significant improvements in autonomous driving performance, such as a 13-fold increase in average takeover mileage on complex roads [2]. - The company plans to invite pioneer users to co-create experiences with the second-generation VLA by the end of December 2025, with full deployment of the Ultra model expected in the first quarter of 2026 [2]. Group 2: Robotaxi Development - Xiaopeng Motors aims to launch three Robotaxi models by 2026, featuring L4-level driving experiences and equipped with dual hardware systems and four Turing AI chips, achieving a computing power of 3000 TOPS [3]. - The company will open the Robotaxi SDK for global partners to build an ecosystem, with Gaode being the first global ecological partner [3]. Group 3: Robotics and AI Integration - The new generation of the IRON robot will utilize three Turing AI chips, providing a computing power of 2250 TOPS, and will be integrated with the second-generation VLA model for advanced intelligence [3]. - Xiaopeng Motors is prioritizing commercial applications for its robots, focusing on services such as guiding and shopping assistance, and will collaborate with Baosteel for industrial applications [3]. Group 4: Low-Altitude Flying Vehicles - Xiaopeng Huitian has introduced the "land aircraft carrier" for personal low-altitude travel and the A868, a hybrid flying car for efficient group travel, with over 7,000 global orders for the land aircraft carrier [4]. - The A868 is currently in a critical phase of flight verification [4]. Group 5: Market Position and Future Outlook - Xiaopeng Motors is recognized as the most similar company to Tesla in terms of technology and product offerings, although it acknowledges that Tesla has a more global presence [4]. - As of November 4, Xiaopeng Motors' market capitalization reached 21.629 billion, surpassing competitors like Li Auto and NIO, while the company continues to optimize operational efficiency [4].

Core Viewpoint - The opening of the East China High-end Intelligent Manufacturing Base by航盛集团 marks a significant milestone in the development of China's automotive electronics industry, reflecting the company's ambition to become a world-class leader in this field [1][3][10]. Group 1: Strategic Importance - The new base represents a strategic upgrade for航盛集团, showcasing its proactive approach to the major transformations in the automotive industry [5][10]. - The base is designed to serve as a strategic pivot for航盛, facilitating its expansion from a domestic player to an international leader in automotive electronics [7][15]. - The rapid construction of the base, completed in just over 100 days, highlights the strong support from local government and the company's commitment to seizing opportunities in industry upgrades [7][15]. Group 2: Core Functions of the Base - The base will support four core functions: a joint venture with Autoliv for automotive safety systems, the headquarters for航盛's high-end manufacturing division, the Suzhou Artificial Intelligence Research Institute, and the East China Acoustic Manufacturing Base [7][8]. - This integration of functions signifies航盛's transition from a traditional hardware supplier to a technology-driven enterprise offering integrated solutions of "hardware + software + services" [8][10]. Group 3: Industry Trends and Challenges - The establishment of the base aligns with the current trends of electrification, intelligence, and connectivity in the global automotive industry, as highlighted by industry leaders [10][12]. - The automotive electronics sector is increasingly recognized as a key technology that influences user experience and competitive advantage, necessitating higher quality and efficiency standards from component suppliers [10][12]. Group 4: Ecosystem and Collaboration -航盛's commitment to building an "industry ecosystem" is evident through its collaboration with various associations to launch the "Suzhou-Shenzhen Automotive Electronics Industry Collaborative Innovation Ecosystem" [12][18]. - This initiative aims to enhance regional cooperation and promote the flow of innovative resources across different areas, reflecting a shift from individual competition to collaborative growth within the industry [12][18]. Group 5: Future Aspirations -航盛 aims to position the East China base as a hub for technological innovation, high-end manufacturing, and international expansion, with a goal of achieving 30% of its business from overseas by 2030 [17][18]. - The company envisions the base as a critical component in its strategy to contribute to the global automotive industry's transformation, emphasizing quality, innovation, and a robust supply chain [17][18].

Core Viewpoint - The company Yonggui Electric (300351) has diversified its connector products across various sectors, including rail transit, wind power, new energy vehicles, and special equipment, and is expanding into data centers, low-altitude flight, and robotics applications [1] Group 1 - The company's connector products are widely used in rail transit, wind power, new energy vehicles, and special equipment [1] - The company has also laid out applications in data centers, low-altitude flight, and robotics [1] - The company's products are applied in power equipment for data centers [1]

Core Viewpoint - The 2025 High-Performance Lithium Battery Annual Conference will highlight the acceleration of all-scenario electrification, providing various market opportunities for different battery material systems, particularly for Rongbai Technology, which is advancing in multiple business areas including ternary materials and sodium-ion batteries [1][2]. Group 1: Company Developments - Rongbai Technology is currently in a transitional phase where new materials and products are gradually releasing capacity and orders are increasing [2]. - The company has developed a new generation of medium-nickel high-voltage materials that are set to enter mass production, which will be a significant growth point for the market [2]. - The 8-series high-nickel products are undergoing a new upgrade, and sodium-ion products are positioned to lead the market by partnering with top domestic clients [2]. - New technologies and processes for lithium iron phosphate will enhance the company's overall advantages, while lithium-rich manganese-based materials have secured orders exceeding ton-level from clients [2]. Group 2: Market Opportunities - New application scenarios and battery technologies are expected to create fresh market opportunities for ternary materials, particularly with the rapid development of large cylindrical and solid-state battery technologies [4]. - Breakthroughs in low-altitude flight and humanoid robots will further leverage the performance advantages of high-nickel ternary material systems [4]. Group 3: Event Information - The 2025 High-Performance Lithium Battery Annual Conference will take place from November 18-20, 2025, at the JW Marriott Hotel in Shenzhen Qianhai, with Rongbai Technology's Chairman Bai Houshan confirmed to attend and deliver a keynote speech [2][5].