证券代码：300177 证券简称：中海达 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（请文字说明其他活动内容）： 参与单位名称及 人员姓名 华创证券：祝小茜 尚善资产：刘晓鹏 时间 2025 年 06 月 05 日下午 14:00-16:00 地点 公司广州总部 上市公司接待人 员姓名 董事会秘书：黄宏矩 证券事务代表：张赟 投资者关系活动 主要内容介绍 本次特定对象调研主要内容摘要如下： 1、公司的主营业务及 2024 年度、2025 年一季度业绩情况 答：公司专注于高精度导航定位技术产业链相关软硬 件产品和服务的研发、制造和销售，深化北斗精准位置行 业应用，全力打造高精度时空信息解决方案。多年来始终 聚焦在高精度导航定位产业，目前已发展成为国内高精度 导航定位产业的领先企业之一，是全球高精度导航定位的 主流企业。 公司以高精度卫星导航定位技术为基础，融合激光雷 达、声呐、光电、惯导等多种技术，已形成"海陆空天、 室内外"全方位、全空间的高精度定位技术产品布局。当 前，公司已实现卫星定位、激光雷达、声呐、光电、惯导 等相关核心技术 ...

泰晶科技 20250506 摘要 • 泰晶科技 2024 年营收 8.21 亿元，同比增长 3.55%，但归母净利润同比 下降，主要受降价促销、研发投入增加（同比增长 33%，增加约 1,000 万元）、新增产能未完全释放及员工持股计划股份支付费用等因素影响。 • 公司在芯片开发水平上全球领先，与高通同步开发 6G 通讯和 AI 应用相关 核心工艺技术，高附加值产品将带来更多利润贡献，引领行业发展。布局 独立车规专线，更好顺应大客户审核要求，并推动国际国内知名主机厂项 目定点，将释放更多车规级产品收入贡献，从而修复毛利率。 • 中美关系及国产可控需求使海外客户更加重视国内供应链，特别是服务器 领域，中美贸易带动国内供应链需求显著增长。AI 端侧变化催生硬件需求 增加，使泰晶科技量价齐升。物联网配套需求订单趋势明显拉伸，并关注 AI 眼镜、智能音箱、智能手环、人形机器人等新兴领域带来的市场机遇。 • 公司在车用半导体器件领域持续布局，已开发 2000 多块料号，覆盖车身 域、智驾域、座舱域、动力域和底盘域，尤其在智驾、座舱和动力领域加 大市场导入。通过高通 5G 智能座舱认证，并推动主流芯片平台及国内一 些芯片 ...

低空经济发展成果展区聚焦政策规划与产业成就，集中展示陕西及全国重点城市在低空经济领域的 政策支持、产业布局及阶段性成果。展区将邀请地方政府、科研机构及行业龙头，通过图文、沙盘、互 动屏等形式，全面呈现低空经济从规划到落地的全链条发展路径。 低空安全技术展区重点展示低空飞行安全管控的核心技术与设备，包括通信导航系统、气象监测设 备、无人机识别拦截系统等。展区将联合公安部、国家无线电监测中心等权威机构，探讨低空安全标准 与技术创新，助力构建安全可控的低空生态。 第九届丝博会低空经济展5月21日至25日在西安国际会展中心举办。5月1日，记者从省商务厅获 悉：本届展会以"低空经济"为核心主题，立足陕西航空大省的资源禀赋，旨在打造国际化的低空经济交 流合作高地，构建产业创新展示窗口，推动低空经济高质量发展。 典型应用场景展区以场景化体验为核心，展示低空经济在应急救援、医疗救护、物流配送、地理测 绘等领域的实际应用，感受新质生产力带来的效率提升。 低空经济展展览面积达1万平方米，设置五大主题展区，涵盖低空经济全产业链，预计吸引200余家 参展企业、展示100余架航空器，并设置多个场景化体验专区，为观众带来沉浸式观展体验。 ...

Group 1: Business Focus and Development - The company focuses on high-precision navigation and positioning technology, with three core business segments: precise spatial perception equipment, Beidou high-precision industry applications, and intelligent driving and navigation control [3][5]. - The company aims to expand high-precision positioning technology applications in low-altitude fields and industrial robots, continuously exploring integration opportunities [4][6]. Group 2: Market and Product Strategy - The company has achieved approximately 30% domestic substitution rate in high-precision positioning equipment, with key products like positioning terminals and industrial-grade LiDAR being fully domestically produced [5][6]. - In 2024, the proportion of government project-related business has decreased to 13.79%, with a strategic shift towards high-precision positioning equipment and solutions that have better cash flow [6][9]. Group 3: International Expansion and Collaboration - The company has established branches in 12 countries, implementing localization strategies for procurement, logistics, sales, and global technical services [7][9]. - Collaborations with Baidu Apollo and Beijing Hangji focus on high-precision differential positioning solutions, with successful deliveries of 5G+V2X smart antennas and high-precision positioning antennas [7][8]. Group 4: Technological Advancements - The company emphasizes continuous investment in core technology research and development, maintaining a leading position in key technologies such as laser radar and inertial navigation [6][8]. - The company has successfully developed disaster monitoring and early warning devices, which have been deployed in over 20 provinces and regions across the country [8][9]. Group 5: Financial Performance and Projections - The intelligent driving business is projected to grow by approximately 40% in 2024, although it currently represents a small portion of the overall revenue [9].

Core Viewpoint - 中海达 reported a revenue of 1.22 billion yuan for 2024, marking a year-on-year growth of 2.80%, but still recorded a net loss of 12 million yuan, although this represents a significant reduction in losses by 97.08% compared to the previous year [1] Group 1: Financial Performance - The net profit attributable to shareholders has been negative for three consecutive years, with figures of -110 million yuan in 2022, -430 million yuan in 2023, and -12 million yuan in 2024 [1] - The decrease in losses in 2024 was attributed to cost optimization and partial business recovery, despite not achieving profitability [1] - The company’s non-recurring net profit was -90 million yuan, showing an increase in losses by 81.98% year-on-year [1] Group 2: Business Segments and Market Conditions - 中海达's main business includes precision spatial perception equipment, high-precision applications of Beidou, and intelligent driving and navigation control [1] - The traditional surveying equipment business has seen a continuous decline in revenue due to macroeconomic downturns, reduced infrastructure investment, and intensified industry competition [1] - Although the company has made inroads into emerging fields such as autonomous driving and marine exploration, the revenue contribution from these areas remains limited [1] Group 3: R&D and Competitive Landscape - The company has increased its R&D investment in high-precision positioning for autonomous driving, Beidou applications, and marine sonar detection, with R&D expenses accounting for approximately 11.7% of revenue, significantly higher than the industry average [2] - Despite high R&D spending, the lack of corresponding revenue growth has continued to pressure profits [2] - Competitor 华测导航 has been squeezing 中海达's market share due to better cost control and channel advantages, exacerbating the industry's price war and further weakening the company's profitability [2] Group 4: Investor Concerns - Due to three consecutive years of losses, some investors have raised concerns about potential "ST" risks for the company [2] - 中海达 has stated that it has not reached any conditions that would trigger delisting risk warnings as per the Shenzhen Stock Exchange's rules and emphasized its commitment to focusing on its core business and improving operational efficiency [2]