智通财经5月7日电，"未来三年，中国数据中心对磁悬浮压缩机的需求至少翻倍。"日前，丹佛斯磁悬浮 压缩机业务总裁表示，随着数字经济、"东数西算"工程及"双碳"战略的全面推进，中国数据中心发展势 头强劲。2024年，丹佛斯Turbocor在中国的数据中心相关业务增长了三倍，今年预计增速为50%左右。 (智通财经) 数据中心业务今年预增50% 丹佛斯：中国是全球最重要的市场 ...

投资者关系活动记录表 | 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 | | 参与单位名称及人员姓 | 华福证券 俞能飞、农银汇理基金 左腾飞、兴业基金 董令飞 | | 名 | | | 时间 | 年 月 日 2025 5 7 | | 地点 | 厦门东亚机械工业股份有限公司 | | 上市公司接待人员 | 董事会秘书韩文浩、证券事务代表许志涌 | | 投资者关系活动主要内 | 1、现场参观、介绍公司情况 | | 容介绍 | | | | 2、交流互动环节 | | | 一、国家提倡设备更新，对公司有什么影响，是否可持续？ | | | 国家 年不仅提倡大规模设备更新而且一直在加大设备更新支 2024 | | | 持力度，2025 年初部分地区更是针对空压机的采购，出台设备更新的具 | | | 体补贴政策，2025 年设备更新依旧可持续，这将带动压缩机需求的进一 | | | 步提升。公司也是紧抓设备更新的机遇，不断的研发投入，加大力度的 | | | 对产品进行迭代升级，可以更好对存量旧设备 ...

投资者关系活动记录表 编号：2025 -001 证券代码：301272 证券简称：英华特 苏州英华特涡旋技术股份有限公司 | 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 | 线上参与公司2024年度暨2025年第一季度网上业绩说明会的全体投 资者 | | 时间 | 2025年05月06日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 董事长、总经理 陈毅敏 | | | 财务总监 黄勇 | | | 董事会秘书 田婷 | | | 独立董事 陈庆樟 | | | 1.一季度研发费用增加很多，研发的成果比2024年新增哪些？ 答:尊敬的投资者，您好。公司整体的研发进度及成果请参见 | | 投资者关系活动主要内容 | 公司《2024年年度报告》以及后续的官方信息披露，感谢您对公司 | | 介绍 | 的关注。 ...

日前，沈阳市总工会举办的"劳模工匠助企行"走进沈阳马卡智工科技有限公司，偌大的多功能会议 室座无虚席，不断爆发出热烈掌声。刚从全国劳动模范和先进工作者表彰大会上载誉归来的张腾蛟是现 场焦点，职工们争相在与他的互动中感受工匠精神，积蓄奋进力量。 "再苦再难，也不要把工作任务当成'绊脚石'，要让它成为我们成长路上的'垫脚石'。当你取得成功 再回头看，会发现这块'石头'让你在技术细节上又前进了一大步。"张腾蛟一语道出他职业生涯的朴素 信仰。 1998年，21岁的张腾蛟在沈鼓车间第一次端起焊枪，他利用业余时间反复练习焊接技术，经常忙到 半夜才回家。他的工作服被汗水浸透后又被高温蒸干，反复多次后形成板结。一天下来，脱下的工作服 居然能够立在地上。功夫不负有心人，张腾蛟扎实完成各项工作，连续改进工艺操作，在沈阳市"百千 万技术人才培育工程和职工职业技能竞赛活动"中蝉联两届焊工组冠军。 张腾蛟在工作中不断摸索，创新操作方法，创造了焊接管路探伤一次合格无返修的纪录。到目前为 止，张腾蛟焊接的管路数百台，没出现过任何质量事故，车间管路探伤一次合格率从原来的80%提高到 现在的98%以上。在国产首台PTA装置压缩机国产化项目中， ...

Core Insights - The company reported a revenue of 18.747 billion yuan for 2024, a year-on-year increase of 10.08%, and a net profit attributable to shareholders of 33.8485 million yuan, up 10.93% [1] - In Q1 2025, the company achieved a revenue of 6.753 billion yuan, a 21.03% increase year-on-year, and turned a profit with a net profit of 15.2561 million yuan [1] - The company emphasizes a dual business strategy focusing on core components for cooling and heating solutions and automotive parts [9] Business Performance - The company’s rotor compressor sales reached 37.34 million units in 2024, a 23.7% increase, outperforming the industry growth rate of 14.1% [2] - Export sales of rotor compressors hit 7.3 million units, marking a 35.1% increase [2] - The company’s gross profit margin improved to 13.52%, an increase of 1.71 percentage points year-on-year [1] Automotive Parts Development - The company has made significant improvements in its automotive parts segment, particularly after acquiring a 60% stake in Marelli's automotive air conditioning business [4] - Marelli's performance has stabilized, with strategic adjustments leading to improved profitability in 2024 [4] - New product developments in electric compressors and heat pump air conditioning for new energy vehicles have gained traction with major clients like Geely and BYD [4][5] Technological and Competitive Advantages - The company has developed five core competencies, including technological innovation, flexible large-scale intelligent manufacturing, and green supply chain management [3] - The company has established strong relationships with well-known domestic and international brands, enhancing its competitive position in the market [3] ESG and Sustainability Initiatives - The company has integrated ESG principles into its operations, achieving recognition as a leader in sustainable practices [8] - In 2024, the company added one "national-level" green factory and one "provincial-level" green factory, furthering its commitment to sustainability [8] - The company ranked 4th in the State-owned Assets Supervision and Administration Commission's ESG Pioneer Index for 2024, up from 48th in 2023 [8] Future Outlook - The company plans to continue its dual business strategy, increase R&D investment, and enhance market positioning while adhering to ESG principles [9]

Core Viewpoint - Hanbell Precise Machinery reported a revenue of 3.674 billion yuan for 2024, a year-on-year decrease of 4.62%, and a net profit attributable to shareholders of 863 million yuan, a decrease of 0.28% year-on-year, primarily due to the downturn in the real estate market affecting demand for refrigeration compressors and photovoltaic vacuum pumps [1] Financial Performance - The gross margin for 2024 was 38.31%, down by 2.01 percentage points year-on-year, mainly due to a price war triggered by supply-demand mismatches in the photovoltaic industry [2] - The net profit margin improved to 23.53%, an increase of 1.02 percentage points year-on-year, reflecting effective cost control measures [2] - The operating expense ratio for 2024 was 11.34%, down by 3.08 percentage points year-on-year, with management expenses at 4.03% (up 0.19 percentage points), sales expenses at 3.84% (down 0.88 percentage points), and R&D expenses at 4.95% (down 0.76 percentage points) [2] Industry Outlook - The demand for refrigeration compressors is expected to benefit from growth in the cold chain logistics and heat pump industries, as well as equipment upgrades, despite pressure from the commercial central air conditioning market due to real estate adjustments [3] - The total demand for cold chain logistics in 2024 is projected to reach 365 million tons, a year-on-year increase of 4.3% [3] - The semiconductor vacuum pump market is seeing a trend towards domestic substitution, with the company increasing its marketing efforts in the domestic semiconductor industry and beginning bulk deliveries to recognized semiconductor manufacturers [3] Profit Forecast and Valuation - The company forecasts net profits attributable to shareholders for 2025-2027 to be 931 million yuan, 1.032 billion yuan, and 1.138 billion yuan, respectively, reflecting a downward adjustment due to unexpected pressures on commercial air conditioning and photovoltaic vacuum pumps [4] - The target price is set at 20.88 yuan, based on a 12 times price-to-earnings ratio for 2025, maintaining a "buy" rating [4]

投资者关系活动记录表 | 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 线上 | | | | | 参与单位名称及人员姓 | 丁祎 华创证券、周鑫雨 东北证券、丁珰 | | 西南证券、徐宇星 | 华泰柏瑞、 | | 名 | 樊艳阳 阳光资产、吴建明 信泰人寿、史彦刚 太平基金、张桥石 | 明河 | | | | | 投资、魏巍 中信期货、乌焕强 红筹投资、李晓青 仁桥资产、李思琦 | | | 中 | | | 天国富证券（自营）、王钟琪 华夏未来资本、汪自兵 方物基金、成佩剑 | | | | | | 五地投资、朱宏达 Willing Capital Management、刘宏 富敦投资、杨云杰 | | | | | | 西南证券、黄帅斌 光大证券 | | | | | 时间 | 2025 年 4 月 27 日 | | | | | 地点 | 厦门东亚机械工业股份有限公司 | | | | | 上市公司接待人员 | 董事会秘书韩文浩、证 ...

要点 2025 年 4 月 28 日 公司研究 2024 年业绩承压，看好半导体真空泵业务 ——汉钟精机（002158.SZ）2024 年年报点评 事件： 4 月 25 日汉钟精机发布 2024 年年报。2024 年公司实现营收 36.74 亿元， 同比-4.6%；实现归母净利润 8.63 亿元，同比-0.3%；实现扣非归母净利润 8.21 亿元，同比-2.2%。其中，2024Q4 公司单季度实现营收 8.18 亿元，同比-13.6%； 归母净利润 1.41 亿元，同比-23.7%；扣非归母净利润 1.32 亿元，同比-31.3%。 2024 年销售毛利率为 38.3%，同比下滑 2.0pct。 点评：收入小幅下滑，利润基本稳定 受下游需求波动影响，公司全年营收略有下滑，但得益于产品结构持续优化与成 本控制，归母净利润与上年基本持平。海外布局方面，越南北宁工厂正式投产， 海外收入同比增长 8.3%，国际化进程稳步推进。随着产品持续迭代、国产替代 加速落地，叠加海外市场稳步拓展，展望中长期，公司盈利能力有望逐步提升。 压缩机业务稳中有升，真空业务短期承压。分产品来看，2024 年公司压缩机（组） 收入 20.3 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [5][13]. Core Insights - The company reported a revenue of 597 million RMB for 2024, a year-on-year increase of 7.52%, but the net profit attributable to shareholders decreased by 15.14% to 74 million RMB [2][3]. - In Q1 2025, the company achieved a revenue of 96 million RMB, a slight increase of 0.67% year-on-year, but reported a net loss of 2 million RMB, a significant decline of 124.92% [2]. - Increased R&D investment is expected to create a competitive edge and sustainable revenue growth in the long term, despite short-term profit pressure [3]. Summary by Sections Performance Review - In 2024, the company achieved an operating income of 597 million RMB, with a growth rate of 7.52%. The net profit attributable to shareholders was 74 million RMB, down 15.14% year-on-year [2][10]. - For Q1 2025, the operating income was 96 million RMB, reflecting a growth of 0.67%, while the net profit was -2 million RMB, indicating a decline of 124.92% [2]. Operational Analysis - The company significantly increased its R&D expenses, with a rate of 8.15% in 2024, up 3.45 percentage points from 2023. This investment is aimed at enhancing product quality and technology, which is expected to lead to long-term profitability and market share growth [3]. Market Dynamics - The domestic market for scroll compressors is largely dominated by foreign brands, with a CR5 of 76.5% in 2024. The company, as a leading domestic brand, is positioned to benefit from increased tariffs on U.S. imports, enhancing its competitive pricing [4]. - The Chinese government has announced initiatives to promote heat pump technology, which is expected to drive demand for the company's scroll compressors in various sectors, further boosting sales [4]. Profit Forecast and Valuation - Revenue projections for 2025-2027 are estimated at 677 million RMB, 771 million RMB, and 894 million RMB, respectively. The net profit is expected to reach 86 million RMB, 100 million RMB, and 119 million RMB, with corresponding P/E ratios of 26, 22, and 19 [5][10].