每经AI快讯，有投资者在投资者互动平台提问：公司有哪些的技术专利？及哪新的技术产品？ 沧州明珠（002108.SZ）9月17日在投资者互动平台表示，截至上年末，公司关于PE管道产品的发明专 利1项，实用新型专利22项；关于BOPA薄膜产品的发明专利4项，实用新型专利6项；关于锂离子电池 隔膜产品的发明专利16项，实用新型专利87项。公司针对公司自身的发展状况、结合市场技术发展趋 势，公司会密切关注前沿技术的变化情况，围绕产品积极的做好研发，为公司发展做好技术储备。 （记者 王瀚黎） ...

Group 1 - The State Intellectual Property Office of China has granted a patent to Keda Intelligent Internet of Things Technology Co., Ltd. for a method of detecting surface particle defects and a computer-readable storage medium, with the authorization announcement number CN 115294083 B and application date of August 2022 [1] - Keda Intelligent Internet of Things Technology Co., Ltd. was established in 2016 and is located in Hefei City, primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The company has a registered capital of 55.085334 million RMB and has made investments in 4 enterprises, participated in 106 bidding projects, and holds 23 trademark registrations and 137 patent registrations, along with 9 administrative licenses [1]

Core Viewpoint - Huaxi Securities initiates coverage on Blukoo (00325) with a "Buy" rating, highlighting the company's rapid market capture through pricing strategy and frequent product launches, alongside long-term growth potential from IP development and overseas market expansion [1] Company Overview - Blukoo is the largest building block character toy manufacturer in China, achieving explosive growth through product transformation and channel expansion [2] - In 2023, Blukoo's GMV reached approximately 1.8 billion yuan, capturing 30.3% of the Chinese building block character toy market and 7.4% of the overall building block toy market [2] - The company is projected to have a revenue CAGR of 89% from 2021 to 2024, with expected revenue of 2.24 billion yuan in 2024 and a gross margin of 52.9% [2] - The core revenue driver is building block character toys, which account for 98.2% of total revenue, with major IPs like Ultraman, Transformers, and Hero Infinite contributing over 90% of gross profit [2] Industry Opportunities - The Chinese building block character toy market is expected to grow at a CAGR of 41.3% from 2023 to 2028, with the market size projected to exceed 32.5 billion yuan by 2028 [2] - The share of building block character toys within the overall character toy market in China is anticipated to increase from 14.3% in 2023 to 35.6% in 2028 [2] Competitive Landscape - The domestic building block character toy market is highly concentrated, with the top five companies holding a combined market share of 77% in 2023, while Blukoo leads with a 30.3% share [3] - Globally, the market is dominated by Bandai (39.5%) and LEGO (35.9%), presenting challenges for local companies to overcome technical and IP barriers [3] Competitive Advantages - Blukoo's success with the Ultraman IP demonstrates its ability to replicate core advantages across other IPs [4] - The company's growth strategy is supported by a combination of high cost-performance, deep IP operations, technical patents, channel penetration, and user co-creation [4] - Blukoo has established an IP matrix with over 50 popular licensed IPs and its own IP "Hero Infinite," achieving broad age group coverage [4] - The company boasts over 500 patents that support a standardized parts system, reducing new product development cycles to 6-7 months, compared to the industry average of 10-12 months [4] - The distribution network includes 511 dealers covering second-tier cities and over 80% of third-tier and below cities, with offline revenue expected to account for 92% in 2024 [4] Financial Projections - Revenue projections for 2025-2027 are 3.907 billion, 5.606 billion, and 7.403 billion yuan, representing year-on-year growth rates of 74%, 43%, and 32% respectively [5] - Net profit attributable to the parent company is expected to be 963 million, 1.468 billion, and 1.986 billion yuan for the same years, with growth rates of 340%, 52%, and 35% respectively [5] - EPS estimates for 2025-2027 are 3.87, 5.89, and 7.97 yuan, with corresponding PE ratios of 39.2, 25.7, and 19.0 based on the latest stock price [5]