Core Viewpoint - Wan Sheng Intelligent (300882.SZ) primarily focuses on smart meters and electricity information collection systems, which are widely used in smart grids, charging piles, and virtual power plants for energy measurement and data collection [1] Group 1 - The company's main products include smart meters and electricity information collection systems [1] - These products are applied in various sectors such as smart grids, charging piles, and virtual power plants [1] - Currently, the company's business scope does not extend to commercial aerospace or satellite communication technologies [1]

Core Viewpoint - The company anticipates a significant decline in revenue and net profit for 2025, primarily due to increased capacity investment and ongoing industry competition [1][2]. Group 1: Financial Forecast - The company expects to achieve revenue of approximately 37 to 37.5 billion yuan in 2025, representing a year-on-year decrease of about 16% to 18% [2]. - The projected net profit attributable to shareholders is estimated to be between -2.95 billion and -2.55 billion yuan, reflecting a year-on-year reduction of approximately 163.46% to 173.41% [2]. Group 2: Business Transformation and Growth Potential - The company is undergoing a transition to a Fab-Lite model, which is currently putting pressure on short-term performance [2]. - In the field of optical communication and satellite communication, the company is actively preparing for future growth, with advancements in SOI technology and the introduction of high-performance, low-power communication signal amplifiers based on germanium-silicon technology [2]. - The company has become a key supplier for smart terminal access to commercial space networks and has products that meet NTN standards in the early stages of shipment [2]. Group 3: Investment Recommendations - Revenue projections for 2025, 2026, and 2027 are estimated at 37.2 billion, 42.0 billion, and 50.0 billion yuan, respectively, with net profits of -2.7 billion, 2.5 billion, and 5.0 billion yuan [3]. - The investment rating is maintained at "Buy" [3].

证券日报网讯1月26日，卓胜微（300782）在互动平台回答投资者提问时表示，一直以来，公司积极布 局芯卓产业化项目建设，基于长期对射频设计和高端工艺的积累，公司现已储备了可面向高端射频、卫 星通讯、光通等不同领域的基础工艺技术底蕴积累。未来公司将加速落地资源平台的建设，专注布局和 投资新的前沿技术，突破工艺技术壁垒，深度构建核心竞争力，充分发挥其长期可持续的资源性价值， 把握并拓展出更多向其他应用领域和产品的机遇。 ...

证券日报网讯1月9日，卓胜微（300782）在互动平台回答投资者提问时表示，公司一直以来积极布局芯 卓产业化项目建设，基于长期对射频设计和高端工艺的积累，公司现已储备了可面向高端射频、卫星通 讯等不同领域的基础工艺技术底蕴积累。 ...

1月9日，卓胜微在投资者互动平台表示，公司现已储备了可面向高端射频、卫星通讯等不同领域的基础 工艺技术底蕴积累。 公司的射频前端芯片和模组、WiFi连接模组、低功耗蓝牙微控制器芯片产品等多 个产品可应用于AI眼镜等智能穿戴、智能家居、蓝牙耳机、VR/AR设备、卫星通讯等领域。目前公司 已具备提供卫星终端产品、应用以及解决方案等能力，成为智能终端接入星网等商业航天网络的关键供 应商之一，并已有适用NTN标准的射频前端芯片等产品处于少量出货阶段。 ...

Group 1 - The company confirmed that its products can be applied in the fields of 6G communication and satellite communication [2] - The company acknowledged the inquiry from investors regarding potential collaborations in these advanced technology areas [2] - The response indicates the company's engagement with emerging technologies and its readiness to explore new market opportunities [2]

Group 1 - The company is currently focusing on product development and market expansion in mature application areas such as civilian and industrial sectors [2] - There is a noted difference between the application scenarios and market demands of commercial aviation and satellite communications compared to the company's current focus [2] - As of now, the company's products have not yet entered the commercial aviation and satellite communications sectors [2]

Core Viewpoint - The company has confirmed its capabilities in satellite positioning and communication technologies, which are essential for the development of Level 3 and above autonomous vehicles, as well as for satellite communication applications [1] Group 1: Satellite Positioning Technology - The company possesses satellite communication antenna technology, which is crucial for achieving centimeter-level precision in satellite positioning [1] - The company is focused on advancing its satellite positioning capabilities to meet industry standards for autonomous driving [1] Group 2: Satellite Communication Technology - The company has expertise in Ku/Ka band phased array antenna technology, which is significant for satellite communication [1] - The company plans to prioritize the market application of its satellite communication technologies in the future [1]

此次量产具有重要行业意义，标志着普利特LCP薄膜产品首次在手机终端设备上实现规模化应用，打破了国外厂商在高端LCP薄膜应用领域的长期垄断， 为国内消费电子产业链自主可控提供了重要支撑，实现了国内手机终端LCP薄膜应用从0到1的突破。公告强调，这一成果将对未来6G/毫米波高频通讯网 络下的各类终端领域产生深远影响。 普利特表示，LCP薄膜产品规模化量产是公司在消费电子领域取得的里程碑式重大突破，将为公司开辟新的业绩增长点、创造更多市场机遇。未来，公司 将持续加大在LCP树脂、薄膜和纤维领域的研发投入，优化产品性能、拓展应用场景、提升市场份额，力争在脑机接口、AI服务器、具身智能、卫星通讯 等重要领域实现技术突破，为公司业绩增长注入强劲动力，同时助力国家战略性新兴产业落地。 12月26日，普利特发布自愿性信息披露公告，宣布公司LCP薄膜产品经过多年技术攻关与市场验证，已正式实现规模化量产，并开始为消费电子行业头部 客户的新一代手机终端软板天线大批量供货。 公告披露，普利特的LCP薄膜产品凭借超低介电性、高耐热、低吸水等优异性能，历经工艺摸索、批量化能力建设及与下游客户的联合开发验证，成功通 过消费电子行业头部客户 ...

特此公告。 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈述或者重大遗 漏。 上海普利特复合材料股份有限公司（以下简称"公司"）的LCP薄膜产品经过多年艰苦卓绝的工艺摸索， 批量化能力的建设以及与下游客户的联合开发与验证，凭借其超低的介电性、高耐热、低吸水等优异的 性能表现，已成功获得消费电子行业头部客户的验证通过，充分证明了公司在该领域的技术实力和产品 竞争力。 近日，随着该客户高端新机型的正式发布，公司已开始为该客户的新一代消费电子手机终端的软板天线 中进行LCP薄膜产品的大批量供货。随着该客户上述产品市场销量的持续攀升，公司LCP薄膜产品的市 场需求也将随之显著增长。此次批量出货标志着公司LCP薄膜产品首次在手机终端设备上实现规模化应 用，打破了国外厂商在高端LCP薄膜应用领域的长期垄断，为国内消费电子产业链的自主可控贡献了重 要力量。此次量产实现了国内手机终端应用从0到1的突破，势必会对未来下一代6G/毫米波高频通讯网 络下的各个终端领域产生巨大的影响。 这一重要应用节点的达成，是公司在消费电子领域取得具有里程碑意义的重大突破，将为公司带来新的 业绩增长点和市场机遇。公司 ...