Core Viewpoint - Company reported a revenue increase of 8.21% for the fiscal year 2024, driven by demand growth in the consumer electronics and new energy sectors [2] Financial Performance - In 2024, the company achieved an operating revenue of 782.65 million yuan, an increase of 59.37 million yuan compared to the previous year [2] - Operating costs rose to 636.98 million yuan, up 12.55% year-on-year, leading to a decline in gross margin by 3.14 percentage points [2] - The net profit attributable to shareholders was 66.41 million yuan [2] - For Q1 2025, the company reported a main revenue of 202 million yuan, a year-on-year increase of 27.66%, but a net profit decline of 48.82% to 10.77 million yuan [8] Market Demand and Growth Drivers - The growth in revenue is attributed to increased demand in the downstream consumer electronics and new energy industries, with functional device product sales recovering [2] - Future growth drivers include deepening relationships with existing high-quality clients, expanding product lines, and developing new clients in the semiconductor and battery sectors [5] Strategic Initiatives - The company plans to enhance cost control, optimize production capacity, and invest in new production bases to meet evolving customer needs [5] - It aims to extend its business into emerging sectors and increase R&D investment for high-speed optical modules and laser sensor products [5] Client Base and Industry Position - The company has established stable relationships with notable clients such as TL, LG Chem, Samsung Vision, and CATL, among others in the consumer electronics and new energy supply chains [4] - The company is focused on maintaining a competitive edge through technological innovation and comprehensive service offerings in the functional device market [5] Project Developments - The lithium battery new composite materials project is progressing steadily, with the main plant construction completed and equipment installation underway [7] - The subsidiary, Kewan Photonics, has launched its first 400G/800G high-speed optical module production line, achieving full production capabilities [7]

2025年4月23日，新易盛（300502）披露接待调研公告，公司于4月23日接待淡水泉(北京)投资管理有限 公司、兴证资管、西部利得、广发基金、富荣基金、宁波数法等99家机构调研。 调研情况显示，新易盛2024年度营业收入86.47亿元，归母净利润28.38亿元，同比分别增长179.15%和 312.26%；2025年第一季度营业收入40.52亿元，归母净利润15.73亿元，同比分别增长264.13%和 384.54%，主要受益于算力投资增长及高速率光模块产品需求提升。 2、2025年第一季度800G产品出货情况? 2025年第一季度800G产品出货同比环比均保持持续提升。 3、目前公司在泰国工厂的情况如何? 在投资者问答环节，2025年第一季度利润率提升是行业景气、产品占比提升、产能优化等多因素所致， 未来利润率与行业及产品结构有关；一季度800G产品出货同比环比持续提升。泰国工厂一期已于2023 年上半年运营，二期于2025年初运营且在持续扩产。 新易盛重视国内市场，2024年有较好进展并将持续关注。从目前看，未发现今年下半年海外市场需求端 变化。现金流净额下降因收入确认与采购节奏的阶段性时间差。关于分 ...