Group 1 - The company plans to acquire 51% of Hunan Dais Optical Co., Ltd. using its own funds and part of the raised funds, making Dais Optical a subsidiary after the transaction [2] - The assessed value of Dais Optical's total equity is 333 million yuan, with an appraisal increment of 172.54 million yuan, representing a 107.53% increase compared to the book value of the parent company's equity [2] - The total funds required for the transaction amount to 158.1 million yuan, with 16.9 million yuan from raised funds and 141.2 million yuan from self-funds and acquisition loans [2] Group 2 - Dais Optical specializes in the R&D, production, and sales of precision optical components and modules, serving various sectors including industrial lasers, optical communications, and biomedical applications [3] - The company has established stable partnerships with well-known clients in various fields, including industrial lasers and optical communications, as well as collaborations with prestigious institutions like Tsinghua University and the Chinese Academy of Sciences [3] - The acquisition is expected to enhance the company's technical capabilities and core competitiveness in the optical field, allowing for mutual support in product design and development between the two companies [4]

的深厚技术沉淀与市场先发优势、自动化产线迭代升级以及 核心工艺的持续精进，将不断扩充产品品类，精准锚定新能 源汽车、5G 通信、人工智能、工业自动化等战略新兴领域， 全面布局高增长市场，带动公司整体业绩的持续提升。谢谢。 8、从地域来看，2024 年公司在国内和海外市场的营收占比 分别是多少？海外市场的拓展面临哪些挑战，公司如何应 对？ 广东美信科技股份有限公司 投资者关系活动记录表 编号：2025-002 证券代码：301577 证券简称：美信科技 | 投资者关系活动类别 | 特定对象调研 | 分析师会议 业绩说明会 | | --- | --- | --- | | | 媒体采访 |  | | | 新闻发布会 | 路演活动 | | | 现场参观 | 其他 | | 参与单位名称及人员姓名 | 参与 | 2024 年年度业绩说明会的投资者 | | 时间 | 2025 年 5 月 8 日 | | | 地点 | 线上 | | | 上市公司接待人员姓名 | 董事长、总经理 | 张定珍 | | | 董事会秘书 | 王丽娟 | | | 财务总监 | 刘满荣 | | | 独立董事 | 李树永 | | | 保荐 ...

证券代码：001287 证券简称：中电港 深圳中电港技术股份有限公司 投资者关系活动记录表 编号：2025-01 | | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | 投资者关系活动类别 | ☐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 | 线上参与公司2024年度网上业绩说明会的全体投资者 | | 时间 | 2025年5月8日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 董事长 朱颖涛 | | | 董事、总经理 刘迅 | | 上市公司接待人员姓名 | 独立董事 蔡元庆 | | | 财务总监 田茂明 | | | 董事会秘书 刘同刚 | | | 保荐代表人 王申晨 | | | 1、中电港2024年的增长主要来自于存储和处理器，请问产品主 | | | 要应用在哪些领域？ | | | 公司2024年授权分销业务中，存储器业务收入206.85亿元，同比 | | 投资者关系活动 | 增长134.32%；处理器业务 ...

Group 1: Company Performance Highlights - The company achieved a revenue of ¥4,661,219,937.52 in 2024, representing a growth of 48.97% compared to the previous year [3] - Net profit attributable to shareholders reached ¥622,308,886.15, marking a 74.73% increase year-on-year [3] - The net cash flow from operating activities was ¥511,044,075.67, up by 57.99% from the previous year [3] Group 2: Product Performance and Market Demand - RF connectors and interconnect systems have a high and stable market share in the mobile terminal sector [2] - The electromagnetic compatibility components have made significant progress in non-mobile consumer electronics, achieving large-scale production and delivery to key clients [2] - Automotive connector revenue has seen rapid growth, with a market share continuously increasing [2] Group 3: Strategic Plans and Future Outlook - The company plans to focus on the 5G technology and AI mobile sectors while expanding its overseas customer base in non-mobile consumer electronics [2] - Future product development will include enhancing Ethernet products related to automotive intelligence and expanding into fields like humanoid robots and AI data centers [2] - The company aims to strengthen its domestic production capabilities to meet the growing demand for automotive connectors as China increases its automotive production capacity [5] Group 4: Challenges and Improvement Measures - The company acknowledges that its overseas business has room for profit margin improvement compared to domestic operations [4] - Management will be optimized to enhance efficiency and address challenges in overseas operations [4] - The company has no current plans for mergers or acquisitions but will seek opportunities for collaboration and capital operations to enhance synergy [5] Group 5: Financial Health and Shareholder Returns - The company maintains a low debt ratio, with a consolidated debt ratio of 30.49% and a parent company debt ratio of 27.48% [12] - The company has consistently returned profits to investors and aims to balance development with shareholder returns through reasonable profit distribution plans [6] Group 6: Market Position and Competitive Edge - The company is a leading supplier in the domestic RF connector industry and has entered the supply chains of major global smartphone brands [9] - It has been recognized as one of the top 100 electronic component enterprises in China for nine consecutive years [9] - The company is committed to quality and service, which has been a key strategy for increasing market share [11]

| 投 资 者 关 系 活 | □特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 ☑业绩说明会 | | 动类别 | □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 | 部分投资者 | | 及人员姓名 | | | 时间 | 2025 年 5 月 8 日下午 15:00-16:00 | | 地点 | 网络方式 | | 上 市 公 司 接 待 | 公司董事长、总经理 王雪颖女士 | | 人员姓名 | 公司董事、董事会秘书、副总经理 周辉先生 | | | 公司副总经理 李旭斌先生 | | | 公司董事、财务总监 汪建华先生 | | | 公司独立董事 邓博夫先生 | | | 1.请问贵公司与成飞集团是否有业务往来 | | | 答：谢谢您对公司的关注。公司目前不是成飞集团的直接供应商，仅为其直接 | | | 供应商的配套供应商。 | | | 2.请问公司目前一体成型电感的进展如何了？ | | | 答：谢谢您对公司的关注。公司可提供多种规格的一体成型电感，该类产品采 | | | 用金属粉末压铸而成，具有大电流、 ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Viewpoints - The company reported a significant decline in revenue and net profit for 2024, with revenue at 5.219 billion yuan, down 32.99%, and net profit at 970 million yuan, down 63.83% [3][10] - The company is deeply engaged in the electronic components industry, primarily focusing on military products while expanding into high-end civilian sectors, indicating a comprehensive product system and complete industrial chain [2][10] - The competitive landscape in the industry has intensified, leading to a decrease in profit margins due to factors such as increased competition, adjustments in procurement rhythms, and accelerated technological updates [3][10] Financial Performance Summary - In Q1 2025, the company achieved revenue of 908 million yuan, a year-on-year decrease of 10.45%, and a net profit of 59 million yuan, down 42.60% [3][10] - The gross margin for 2024 was 49.70%, down 9.65 percentage points, while the net margin was 18.60%, down 15.85 percentage points [3][10] - The company’s total assets were reported at 18.062 billion yuan, with a debt ratio of 18.02% [6][10] Strategic Developments - The company is actively exploring new growth areas in strategic emerging sectors such as commercial aerospace, low-altitude economy, civil aviation, and new energy vehicles [2][10] - There has been a notable increase in contract liabilities, indicating a potential recovery in demand, with contract liabilities rising by 37.99% compared to the end of 2024 [10] - The company continues to strengthen its technological capabilities and focus on cutting-edge technology research, despite a decrease in R&D expenses [11][12]

5月7日，和讯投顾李永熙提到，今天卖出的散户看到尾盘走势怕是不好受。虽说尾盘涨幅不算大，但黄 线飙升、科技板块集体上涨，这代表着资金强势流入，而且今日成交量达1.5万亿，这才是关键，明天 成交量能否延续才是重中之重。 对于明天是否会是"红周四"，李永熙认为会的，因为今天有"倒车接人"的意味，成交量也充足，明天成 交量大概率能延续，投资者可拿住手中的科技方向股票。此前他讲过周四是卖出节点，但经过今天的洗 盘手法，明天可能没有卖出机会，重点要看周四、周五的行情连续性，之后再做决定。若周五下午尾盘 成交量不能继续递增，可适当出局部分盈利的高标股，等待周末消息发酵，下一周再寻找新标的进场。 当下，消费电子板块和元器件板块是唯一还没突破缺口的，值得重点关注。 先说今日筹码交换情况，买入方大概率是"国家队"和机构，卖出方则是散户。从早盘到下午的直播中， 不少散户都否定他的观点，觉得当下该卖出避险，选择农业、种业、银行等避险板块。但看看尾盘资金 流入的板块，科技板块以及创业板表现突出，这足以证明科技依旧是后续主线方向。 不过有个奇怪现象，证券板块最后半小时横盘不动，好似"装死"，这或许意味着"某队"和机构在酝酿大 动作。尾 ...

丨证券研究报告丨 联合研究丨公司点评丨洁美科技（002859.SZ） [Table_Title] 收入稳健增长，研发大幅投入拓展高端领域 报告要点 [Table_Summary] 公司发布 2024 年报及 2025 一季报，2024 年度实现收入 18.2 亿元，同比变动 15.6%，归属净 利润 2.0 亿元，同比变动-20.9%，归属扣非净利润 2.0 亿元，同比变动-21.9%。2025Q1 实现 收入 4.1 亿元，同比变动 14.0%，环比变动-12.9%，归属净利润 0.3 亿元，同比变动-36.7%， 环比变动 34.9%，归属扣非净利润 0.3 亿元，同比变动-40.2%，环比变动 25.3%。 分析师及联系人 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Author] SAC：S0490516100002 SAC：S0490517070012 SAC：S0490518070003 SAC：S0490521030001 SFC：BUT911 SFC：BUW100 SFC：BVA881 马太 杨洋 谢尔曼 王明 洁美科技（002 ...

Core Viewpoint - The company plans to invest 10% equity in Zhongke Hongjing with a capital of 10 million yuan, aiming to enhance its strategic position in the magnetic materials sector [2]. Group 1: Investment Details - The investment agreement was approved by the company's board with a unanimous vote of 9 in favor and no opposition [2]. - Zhongke Hongjing, established on October 29, 2024, has a registered capital of 10 million yuan, which will increase to 12.82 million yuan post-investment [2]. - The new equity structure will see Ningbo Jinghe Chuangda holding 54.6%, Ningbo Jingcheng Chuangda 17.16%, Chi Qiang 6.24%, and the company holding 10% [2]. Group 2: Strategic Implications - The investment aligns with the company's long-term strategy to focus on magnetic components as a core industry [2]. - By investing in Zhongke Hongjing, the company aims to deepen collaboration in the research and development of key raw materials for magnetic components [2]. - This partnership is expected to provide the company with priority access to advanced materials, enhancing its competitiveness in producing high-performance integrated inductors and other magnetic devices [2]. Group 3: Operational Advantages - The company will leverage Zhongke Hongjing's capabilities in powder material development and mass production, which are at the forefront of domestic standards and comparable to international suppliers [3]. - This collaboration is anticipated to translate material advantages into superior product performance, stable supply chain capabilities, and significant cost benefits for downstream manufacturers [3].

Event Overview - The company reported Q1 2025 results with revenue of 1.833 billion yuan, a year-over-year increase of 17.24% and a quarter-over-quarter decrease of 8.08%. The net profit attributable to shareholders was 533 million yuan, up 23.02% year-over-year and down 9.28% quarter-over-quarter. The non-recurring net profit was 449 million yuan, reflecting an 18.71% year-over-year increase and a 9.36% quarter-over-quarter decrease. The gross margin was 41.01%, up 0.87 percentage points year-over-year but down 2.56 percentage points quarter-over-quarter. The net profit margin was 29.07%, an increase of 1.34 percentage points year-over-year and a decrease of 0.34 percentage points quarter-over-quarter [1]. Profit Margin Analysis - In Q1, the company experienced a decline in profit margins quarter-over-quarter due to rising costs, particularly from precious metals. The first quarter is traditionally a low season with fewer working days, which contributed to a quarter-over-quarter revenue decline. However, the company still achieved significant year-over-year growth due to demand recovery and successful customer expansion [2]. Product Development and Market Position - The company is continuously enhancing its MLCC (Multi-Layer Ceramic Capacitor) technology through increased R&D investment, overcoming technical challenges, and improving product quality and stability. A comprehensive product matrix has been established, with diverse series tailored to various application scenarios, thereby meeting the differentiated needs of different customer groups. The core competitiveness of the company's MLCC products has significantly improved, leading to a steady increase in market share, which is expected to contribute positively to future performance [3]. - In the ceramic insert sector, the rapid development of emerging technologies like artificial intelligence is reshaping the demand landscape in the optical communication market. This evolution imposes higher requirements on product performance, manufacturing processes, material selection, and overall production workflows. The company is actively pursuing technological breakthroughs and innovations, introducing new products such as MT inserts and ceramic packaging tubes, which have garnered attention from global clients. The accelerating construction of data centers worldwide is positively impacting the demand for ceramic inserts and related products [3]. Investment Outlook - Considering the uncertainties in the macroeconomic environment, the company projects net profits attributable to shareholders for 2025, 2026, and 2027 to be 2.707 billion yuan, 3.35 billion yuan, and 3.943 billion yuan, respectively. This is a revision from previous estimates of 2.736 billion yuan and 3.184 billion yuan for 2025 and 2026. Based on the closing prices for 2025, 2026, and 2027, the price-to-earnings ratios are expected to be 24.3, 19.6, and 16.7 times, respectively, maintaining a "buy" rating [4].