深圳河套深港科技创新合作区。 新华社图 李西廷 陈清州 赵立见 何瀚 追求卓越 迈瑞医疗李西廷： 构筑坚实的技术护城河 ◎记者 刘逸鹏 公司成立的第34个年头，迈瑞医疗已经成长为中国医疗器械行业龙头、全球领先的医疗器械与解决方案 供应商。但迈瑞医疗董事长李西廷日前在接受上海证券报采访时说："现在我们有些产品是超越了，但 整体仍然处在量变的阶段，还达不到质变的效果。我希望迈瑞医疗可以为社会带来更多的改变与助 力。" 在这位"50后"企业家眼中，敢为人先、追求卓越，是深圳整个城市活力延绵的基因之一，也是迈瑞医疗 的精神内核。 胡鹍辉 2025年8月26日，深圳经济特区迎来建立45周年。 45年来，深圳以"敢闯敢试、开放包容、务实尚法、追求卓越、开拓创新"的特区精神，在一张白纸上画 出最美最好的画卷。 作为一个城市最具活力的微观主体，580多家境内外上市公司担当"火车头"，带动相关产业集聚发展， 有力地助推了深圳的发展。上海证券报采访了"50后""60后""70后""80后""90后"的企业家代表，听他们 讲述与深圳有关的故事，以及他们眼中最核心的深圳精神是什么。 20世纪90年代初，深圳高科技产业刚刚萌芽。李西廷 ...

证券代码：002583 证券简称：海能达 公告编号：2025-041 公司不认可一审法院本次判决结果，并不认同关于许可费的认定，后续将考虑采 取包括但不限于提起上诉等必要法律措施，最大程度维护公司合法权益。今年以来， 公司持续加大研发资源投入，全面推动新一代自主知识产权的专网通信技术标准及产 品开发与落地，致力于从根本上规避知识产权争议，确保公司业务持续、健康、自主 发展。此外，公司率先在业界提出并积极推进"AI 专网"发展战略，以创新科技驱动 关键通信技术升级与产业变革，持续引领下一代专网通信演进，助力公司实现战略转 型与高质量发展。 目前，公司的生产经营一切正常，本次判决不会对公司正常生产经营产生重大影 响，公司后续将结合案件进展并遵循企业会计准则及公司会计政策的相关规定进行会 计处理，本次案件最终结果存在不确定性，可能会对公司利润产生一定的影响，敬请 广大投资者理性投资，注意风险。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 MOTOROLA SOLUTIONS INC.、摩托罗拉马来西亚公司（以下合称"摩托罗拉"）于 对海能达通信股份有限公司（以下 ...

Financial Performance - The company achieved a total revenue of 2.26 billion, a decrease of 480 million year-on-year, primarily due to a decline in OEM and other business revenues by 340 million and a decrease in main business revenue by 140 million due to project delays in overseas regions [2][3] - Net profit attributable to the parent company was 93.58 million, a decrease of approximately 68.81 million year-on-year, mainly due to a decline in quarterly profits [2] - In Q2, net profit reached 66.45 million, an increase of 33% year-on-year and 145% quarter-on-quarter [2] - Overall gross margin improved to 51%, an increase of 5 percentage points year-on-year [2] Operational Highlights - The company has seen a significant reduction in expense ratios compared to 2021, with R&D, management, and sales expense ratios decreasing notably by 2024 [2] - Operating cash flow reached 240 million, marking the best level in nearly five years [3] - Domestic main business revenue reached a historical high, with strong growth in channel business and continuous expansion of partners and distributors [3] Product Development - The company is enhancing its narrowband product line and actively participating in the formulation of communication standards for public safety, emergency, and railway industries [4] - New products include various communication modules for railway safety and upgrades to commercial terminal products [4] - The company is focusing on AI applications, integrating new technologies such as AI-driven robots and intelligent command centers into its communication solutions [6] Market Expansion - Approximately 50% of the company's revenue comes from overseas sales, with significant growth in emerging markets and regions along the Belt and Road Initiative [7] - The company is strategically focusing on the Belt and Road and BRICS countries, showing positive growth trends [8] R&D Investment - R&D investment increased by about 8% year-on-year, with a focus on profitable product lines such as narrowband products, public-private integration, and AI networks [9] - The company is optimizing its R&D structure by reallocating resources to high-return projects [9] Future Outlook - Despite current macroeconomic pressures, the company remains optimistic about business opportunities in the second half of the year, particularly in the AI private network sector [13] - The company aims to continue its path of "high-quality development" and stable growth [13]

Summary of Hainengda's Conference Call Company Overview - **Company**: Hainengda - **Period**: First half of 2025 Key Financial Performance - **Revenue**: 2.26 billion yuan, a decrease of 17.5% year-on-year, primarily due to a decline in EMS business and changes in revenue recognition methods [4] - **Gross Margin**: Increased to 51%, up 5 percentage points year-on-year, attributed to a decrease in EMS business proportion and a stable high gross margin in core business [4] - **Net Profit**: 94 million yuan, a decrease of 6 million yuan year-on-year, influenced by reduced profits in Q1 [4] - **Operating Cash Flow**: Reached 240 million yuan, the best in five years, with an expected annual cash flow of around 1 billion yuan [5] Market Performance - **Domestic Market**: Grew by 28% year-on-year, reaching historical highs due to special government bonds and channel business growth [2][6] - **Overseas Market**: Signed contracts increased by 60%, but revenue recognition delays are expected to reflect in Q3 and Q4 [2][6] Management and Operational Changes - **Cost Management**: R&D, management, and sales expense ratio decreased from 52.7% to 42.7%, laying a foundation for future growth [5] - **R&D Investment**: Increased focus on AI private networks, quadruped robots, and chip development [2][15] Product Development - **System Products**: Significant progress in integrated base stations based on SDR technology, enhancing competitiveness and reducing customer costs [7] - **AI Private Network**: Strategic layout to provide comprehensive communication solutions, integrating AI applications for intelligent command and dispatch [8][9] Future Outlook - **Overseas Market Goals**: Targeting a 25-30% revenue growth, with a focus on emerging markets and the "Belt and Road" initiative [10] - **Market Position**: Aiming to increase market share in narrowband business from 10-15% to 15-20% [10] - **Long-term Strategy**: Continued investment in AI and specialized communication sectors, with expectations of stable growth despite fluctuations in government subsidies [22][23] Legal and Regulatory Matters - **Litigation Status**: Ongoing litigation with Motorola, with provisions already made for potential liabilities [13][25] Conclusion - **Overall Assessment**: Despite a decline in revenue, Hainengda's strategic focus on AI, cost management, and overseas expansion positions it for potential growth in the coming quarters [24]

Core Insights - The company reported a revenue of 2.26 billion yuan for the first half of 2025, a year-on-year decrease of 17.5%, and a net profit of 93.58 million yuan, down 42.4% [1] - The comprehensive gross margin improved to 51%, an increase of 5 percentage points year-on-year, with domestic sales gross margin rising by 11 percentage points [1] - Operating cash flow reached a five-year high of 240 million yuan, a year-on-year increase of 526% [1] Financial Performance - The decline in revenue and profit was primarily due to delays in the delivery of certain overseas projects and a decrease in EMS business revenue [1] - In the second quarter alone, net profit was 63 million yuan, representing a year-on-year increase of 26% and a quarter-on-quarter increase of 130%, indicating enhanced profitability [1] - Financial expenses decreased by 107 million yuan year-on-year, benefiting from optimized debt structure, reduced financing costs, and increased foreign exchange gains [1] Strategic Developments - Over the past five years, the company has made structural adjustments to underperforming businesses, increasing the main gross margin from 49.6% in 2021 to 56.2% in the first half of 2025 [2] - The operating expense ratio decreased from 46.8% in 2021 to 40.9% in 2024, with operating cash flow remaining positive for seven consecutive years [2] - The company introduced the "AI Private Network" concept in the first half of 2025, focusing on technological research and market expansion, with sales and R&D expenses increasing by 8% year-on-year [2] Market Performance - The company has made significant strides in the narrowband communication sector, enhancing its product offerings and expanding its market presence in various industries, including railways and energy [3] - In the domestic market, the company has supported innovative models in public safety and secured important orders in energy and judicial sectors [3] - The company achieved major project breakthroughs in overseas markets, deepening global cooperation and participating in international exhibitions [3] AI Private Network Initiative - The company has positioned itself as a leader in the "AI Private Network" concept, integrating AI into specialized communication networks to enhance operational efficiency and decision-making capabilities [4] - The initiative aims to transform traditional private networks into intelligent infrastructures capable of dynamic optimization and collaborative capabilities [4] - Future plans include further integration of AI technology into a broader range of industry-specific private network ecosystems [4]

（编辑 王雪儿） 证券日报网讯 海能达8月8日在互动平台回答投资者提问时表示，公司基于与AI生态合作伙伴的深度合 作，结合公司在专网通信领域领先的技术积累，将自研的宽带自组网技术与机器狗主体实现加载融合， 开创性推出"专网通信+机器狗"解决方案，同时，基于公司优质的行业渠道及客户群体，可广泛应用于 日常巡检、警用巡逻、大型安保、重大赛事、应急救援、灾后重建等场景并助力客户发挥重要作用。未 来将实现指挥人员直接通过调度终端或对讲机语音输出，即可对无人机、机器狗、警车等无人化智能设 备下达指令。目前来看，机器狗和无人车等新技术仍在不断迭代中，公司也将持续推动方案演进，结合 AI专网技术，推出满足客户需求的各类AI专网应用及解决方案。 ...

Core Viewpoint - The company, Hytera, is adjusting its global strategy by selling its Spanish subsidiary Teltronic for €75.5 million (approximately ¥628 million), which is expected to positively impact its net profit for the fiscal year 2025 [1] Group 1: Company Strategy and Financials - Hytera has completed the sale of Teltronic, a specialized communication company with total assets of ¥880 million and net assets of ¥327 million as of June 30, 2025 [1] - The sale is projected to generate approximately ¥80 million in pre-tax profit for Hytera, contributing positively to its net profit in 2025 [1] - The company previously acquired Teltronic in 2017 as part of a strategic move to enter the European market, enhancing its global presence [2] Group 2: Historical Context and Market Position - Hytera, often referred to as the "little Huawei" in the specialized communication sector, has a market share of about 8%, ranking third globally behind Motorola and Kenwood [3] - The company faced significant legal challenges from Motorola, which initiated lawsuits against Hytera for alleged trade secret theft, impacting its market access and financial performance [3][4] - In 2024, Hytera reported a revenue of ¥6.142 billion, an increase of 8.65% year-on-year, but suffered a net loss of ¥3.485 billion, a decline of 798.43% compared to the previous year [4]

Group 1: Company Overview - Company has been focusing on international business development for over 20 years, covering more than 120 countries, with a strategic emphasis on "Belt and Road" markets and emerging economies [2] - The company has successfully hosted multiple dealer summits in regions like Indonesia, the Middle East, and recently in South Africa, with plans for further expansion in Latin America [2] - Company has a strong presence in the European market, which is crucial for promoting growth-oriented businesses and new products in integrated communication and unmanned equipment [2] Group 2: Financial Performance - In Q1 2025, the company's main revenue was 1.003 billion, a year-on-year decrease of 20.76%, with a net profit of 27.13 million, down 75.83% year-on-year [8] - The company has maintained positive operating cash flow since 2018, with 600 million reported in 2024, and an adjusted figure of around 1 billion after excluding litigation-related factors [4] - The company is focused on optimizing its expense ratios, which have been gradually decreasing due to refined operations, with a pre-tax profit margin significantly improved compared to previous years [3] Group 3: Product and Technology Development - The integration of private networks and AI technology is seen as a necessary trend in the industry, with the company positioning itself as a leader in this field [4] - The company has developed command and dispatch products that significantly enhance the predictive capabilities of police information, improving efficiency and accuracy [4] - Future product developments will include more intelligent terminals and equipment, such as drones and autonomous vehicles, as the industry moves towards greater integration of AI [4][6] Group 4: Market Challenges and Opportunities - The company faces challenges in managing high management and sales expense ratios due to the specialized nature of the private network communication sector, but sees potential for further optimization [3] - The company is adapting to seasonal revenue fluctuations, with Q1 typically accounting for 10-15% of annual revenue, and is implementing strategies to stabilize and grow revenue despite external challenges [8] - The company is enhancing its channel partnerships and expanding its dealer network to improve market penetration and support new product launches [7]