Summary of the Conference Call for AVIC Optoelectronics Industry Overview - AVIC Optoelectronics operates in both military and civilian sectors, with a balanced business model. The defense sector shows strong growth in aerospace and weaponry, while the aerospace electronics sector remains stable. The shipbuilding sector has stagnated. [2][4] - The high-end civilian sector, particularly in new energy, has shown remarkable performance with growth exceeding 50%. Other sectors such as communications, industrial, and medical also performed well, with data centers showing significant growth. [2][5] Key Financial Insights - Orders for the first half of 2025 indicate a recovery trend across various segments, particularly in new energy and high-end manufacturing. [2][7] - The company anticipates that revenue from new energy-related businesses will account for approximately 25% of total revenue in 2025. [6] - Despite a positive outlook for overall revenue, there are uncertainties regarding profit due to slow revenue recognition in housing-related businesses and rising raw material costs. [8][9] Business Development and Strategy - AVIC Optoelectronics is actively expanding its international market presence, with production bases and business offices in Vietnam and Germany. The overseas business is expected to grow from less than 10% to 15% or higher in the future. [10] - The liquid cooling business, while currently small (estimated around 1 billion), has been growing rapidly at rates exceeding 30% to 50%. The company provides comprehensive liquid cooling solutions for both defense and civilian applications. [2][13] Product and Market Trends - The company is positioned as a key supplier in the C919 commercial aircraft project, with an expected order scale of around 200 million in 2025. [4][15] - AVIC Optoelectronics is focusing on becoming a global leader in interconnected solutions, moving beyond housing markets due to their limitations. The company aims to increase its share in the civilian market while enhancing profitability. [17] - There is a trend towards standardization in airborne systems, which may lead to increased production efficiency and reduced costs, benefiting leading companies in the industry. [18][20] Challenges and Risk Management - The company faces challenges from rising raw material prices and the need for low-cost, high-reliability products. Strategic cost management measures are being implemented, including design optimization to reduce material usage. [16] - The military electronics sector has seen instances of downgraded specifications, but quality and reliability standards remain stringent, especially in aerospace applications. [19] Conclusion - AVIC Optoelectronics is navigating a complex landscape with a balanced approach to military and civilian markets, focusing on growth in high-end sectors and international expansion while managing cost pressures and ensuring quality standards. [2][10][17]

Group 1 - The company adheres to market-oriented operational principles and has established a nationwide sales network and a mature marketing team [2] - The company has achieved extensive coverage of clients in various fields including aviation, aerospace, shipping, ground equipment, command systems, and communications [2] - The company meets cross-regional and multi-category market demands [2]

证券日报网讯顺络电子（002138）9月17日发布公告，在公司回答调研者提问时表示，公司布局钽电容 领域多年，不断投入研发力量，通过材料、工艺、制造方面深厚的积累，已经开发出全新工艺的新型结 构钽电容产品，公司新型结构钽电容产品目前采用无引线框结构、PCB封装，实现大容值产品尺寸及性 能的大幅改善，可以广泛应用于通讯、消费电子、汽车电子、数据中心、工控等领域。其中，钽电容产 品的特性十分符合AI服务器领域对高温工作环境、高电压稳定性的要求，同时，公司为客户开发新型 结构钽电容也满足了客户对电容产品小型化、薄型化、高容值的要求。目前公司的钽电容产品已为客户 配套供应产品线，客户认可度高，未来发展可期。 ...

Group 1 - The private economy is a driving force for modernization in China and an important foundation for high-quality development [1] - Financial institutions in Hubei are optimizing services to support the high-quality development of the private economy [1] - Agricultural Bank of China provided credit support to Fengrui Semiconductor Materials Co., which faced financing difficulties due to lack of traditional collateral [1] Group 2 - Hubei Timo Tea Co. benefited from financing through a patent pledge, receiving 5 million yuan to address a cash flow gap [2] - The bank utilized intellectual property pledge financing policies to tailor financing solutions for businesses [2] - A new implementation method for commercial value credit loans was introduced in April to help small and medium-sized enterprises in Hubei [2] Group 3 - The commercial value of enterprises is becoming a key to unlocking financing channels in Hubei [3] - Industrial and Commercial Bank of China has approved credit for over 1,000 small and micro enterprises, with a total credit limit exceeding 3.2 billion yuan [3] - The "Kechuang Chuyidai (Credit Version)" product has provided pre-credit limits of 5.039 billion yuan to 1,450 technology-oriented enterprises [3]

一次电源以大型功率类的器件为主，应用于交直流电转换、高低电压转换等应用场景。公司从车规级大功率器件业务出发，以强大的设计能力，以产品的高 可靠性、一致性，为AI服务器的应用场景定制生产各类配套产品。 二次电源为48V转12V直流供电，顺络各类电感、变压器产品为客户解决供电难题。三次电源中，顺络提供的各类元器件产品为xPU芯片（CPU、GPU、 ASIC）、网卡、内存、SSD等应用场景供电，产品包括各类工艺的新型AI电感（组装/铜磁共烧/模压/一体成型工艺）、钽电容产品及多种类配套产品等。 从传统服务器向AI服务器升级的过程中，CPU、GPU、ASIC芯片周边的功耗快速提升，对元器件的性能、功率密度、散热系数等均提出的更高的要求，顺 络电子基于对材料、设备、设计、制造工艺的能力，把握住产业机会，为功率半导体类客户及各类AI服务器类客户提供一站式元器件解决方案。 近日，顺络电子在接受机构调研时表示，目前公司AI服务器相关的订单饱满，相关业务快速增长。 数据中心是顺络电子战略布局新兴战略市场之一，公司立足于小型化、高精度、高功率密度技术优势，从服务器整体供电架构出发，为客户供应从一次电 源、二次电源、三次电源（各类 ...

证券代码：002138 证券简称：顺络电子 深圳顺络电子股份有限公司投资者关系活动记录表 1 | 体成型工艺）、钽电容产品及多种类配套产品等。从传统服 | | --- | | 务器向AI服务器升级的过程中，CPU、GPU、ASIC芯片周边的 | | 功耗快速提升，对元器件的性能、功率密度、散热系数等均 | | 提出的更高的要求，公司基于对材料、设备、设计、制造工 | | 艺的能力，把握住产业机会，为功率半导体类客户及各类AI | | 服务器类客户提供一站式元器件解决方案。 | | 目前公司AI服务器相关的订单饱满，相关业务快速增 | | 长。 | | 2、公司提到的AI服务器中电感将向TLVR架构迈进，该如何 | | 理解？ | | 回答： | | 随着AI服务器对数据存储、信息处理和传输的要求持续 | | 提升，整个系统的功率要求同步提高，而单位算力的继续增 | | 长，提升了对AI服务器中各类xPU芯片功率的要求，也对周 | | 边元件产品的散热能力和功率密度提出了更高的要求，基于 | | AI服务器客户对元器件产品继续提高功率承接能力、提升瞬 | | 态响应速度的要求，传统的VR结构难以满足大电流的负载 ...

Group 1 - The private economy is a driving force for China's modernization and a crucial foundation for high-quality development [1] - Financial institutions in Hubei are optimizing services to actively support the high-quality development of the private economy [1] - Agricultural Bank of China provided credit support to Fengruicheng (Hubei) Semiconductor Materials Co., Ltd. based on its technological achievements and good operating record [1] Group 2 - The company faced financing difficulties due to a lack of traditional collateral, but received a "Technology E-Loan" after the bank's outreach activities [1] - Hubei Timo Tea Co., Ltd. benefited from financing through a long-term order that created a cash flow gap of 10 million yuan [1] - Postal Savings Bank of China tailored financing solutions using intellectual property pledge financing, successfully lending 5 million yuan to a company [2] Group 3 - The bank has cumulatively processed patent pledge financing for 120 technology-based enterprises, with total credit of 948 million yuan [2] - The implementation of the "Hubei Province Small and Medium-sized Enterprises Commercial Value Credit Loan Implementation Measures (Trial)" aims to address financing difficulties for private enterprises [2] - Industrial and Commercial Bank of China has approved credit for over 1,000 small and micro enterprises, with credit limits exceeding 3.2 billion yuan and providing over 2.8 billion yuan in credit loans [2] Group 4 - The concept of commercial value is becoming a key to unlocking financing channels in Hubei [3] - The "Kechuang Chuyidai (Credit Version)" product has provided pre-credit limits of 5.039 billion yuan to 1,450 technology-oriented enterprises [3] - The loan balance for this product reached 2.34 billion yuan by the end of June this year [3]

● 担保对象及基本情况 （一）担保的基本情况 为支持子公司业务发展，根据其经营业务实际需要，北京元六鸿远电子科技股份有限公司（以下简 称"公司"或"鸿远电子"）于2025年9月16日与兴业银行股份有限公司北京亚运村支行签订《最高额保证 合同》，为创思北京申请综合授信额度提供最高本金限额人民币1,000万元的连带责任保证。上述担保 不存在反担保。 （二）内部决策程序 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603267 证券简称：鸿远电子 公告编号：临2025-044 北京元六鸿远电子科技股份有限公司 关于为子公司提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ■■ ■ ● 累计担保情况 ■ 一、担保情况概述 三、担保协议的主要内容 1、债权人：兴业银行股份有限公司北京亚运村支行 2、保证人：鸿远电子 3、债务人：创思北京 4、保证最高本金限额：人民币1,000万元 5、担保方式：连带责任保证 6、担保范围：债权人依据主合同约定为债务人提供各项借款、融资、担保及其他表内外金 ...

（编辑 王雪儿） 证券日报网讯 洁美科技9月16日在互动平台回答投资者提问时表示，公司离型膜产品主要包括陶瓷电容 （MLCC）生产用离型膜、光学材料偏光片用离型膜、OCA离型膜等，主要竞争对手以日韩企业为主。 ...

Group 1 - The core viewpoint of the news is that Aihua Group's stock has increased by 5.26%, reaching a price of 19.81 yuan per share, with a trading volume of 225 million yuan and a turnover rate of 2.92%, resulting in a total market capitalization of 7.946 billion yuan [1] - Aihua Group, established on December 29, 1993, and listed on May 15, 2015, is located in Yiyang, Hunan Province, and primarily engages in the production and sale of capacitors, capacitor raw materials, and related equipment [1] - The main business revenue composition of Aihua Group includes: industrial control/new energy 49.04%, consumer power/electronics 34.36%, lighting 12.60%, others (supplementary) 2.68%, and electrolytic foil 1.32% [1] Group 2 - Among Aihua Group's top ten circulating shareholders, one fund from Dacheng Fund ranks first, holding 870,800 shares of Dacheng Competitive Advantage Mixed A (090013), unchanged from the previous period, accounting for 0.22% of circulating shares [2] - Dacheng Competitive Advantage Mixed A (090013) was established on April 20, 2011, with a latest scale of 3.496 billion yuan, achieving a year-to-date return of 16.87% and a one-year return of 38.45% [2] - The fund manager of Dacheng Competitive Advantage Mixed A is Xu Yan, who has a cumulative tenure of 12 years and 324 days, with the fund's total asset scale at 19.367 billion yuan [3]