证券代码：300183 证券简称：东软载波 青岛东软载波科技股份有限公司投资者关系活动记录表 编号：2025 -003 答：公司该核心业务收入的阶段性承压，其直接原因是主要客户国家 电网和南方电网招标节奏的周期性调整导致市场需求总量波动，这反映了 当前行业正处于一个关键的调整与转型期。面对这一形势，公司研发与战 略布局的核心正紧密围绕两大方向纵深推进：一是聚焦于解决现有庞大存 量台区中日益复杂的通信可靠性与管理效率等深度痛点；二是全力攻关面 向未来新型电力系统（如分布式能源互联、秒级精准负荷控制等业务）所 需的"高实时、高可靠、高并发"通信技术。公司正全面参与下一代PLC 通信技术的研讨与产品研发工作，旨在从技术底层构建面向未来的核心竞 争力。 4.集成电路业务在2025年上半年营收增长12.81%的同时，毛利率却出 现显著下降。导致"增收不增利"的具体原因是什么（如产品结构、价格 压力、原材料成本）？公司计划如何提升该板块的盈利能力？ 答：公司集成电路业务毛利率明显下滑的主要原因是市场竞争加剧带 来的产品价格下滑，同时部分库存商品形成时原材料采购价格较现在采购 价格高，现在按照现时市场价格销售，进一步拉低了 ...

人民财讯12月5日电，中共湖北省委关于制定全省国民经济和社会发展第十五个五年规划的建议发布， 其中提到，加快消费扩容提能。增强消费对经济发展的基础性作用，深入实施提振消费专项行动，加快 打造消费新高地。统筹促就业、增收入、稳预期，合理提高公共服务支出占财政支出比重，增强居民消 费能力。顺应消费新趋势，推动消费品工业提质增效，持续扩大优质产品和服务供给。推动商品消费扩 容升级，强化品牌引领、标准升级、新技术应用，推动汽车、住房等消费更新升级。扩大服务消费，推 动基础型生活服务品质提升，促进大健康、新文旅、泛娱乐、智能化等改善型生活服务扩量提效。促进 文商旅体多业态消费融合发展。拓展入境消费，支持武汉打造国际消费中心城市、国际会展中心城市， 提升国际化消费环境。培育消费新场景，推动商业提质升级，建设国际时尚街区、国际消费集聚区，擦 亮"乐购湖北"活动品牌。积极发展赛事经济、会展经济、演艺经济。完善促进消费制度机制，清理消费 领域不合理限制性措施。加大直达消费者的普惠政策力度。落实带薪错峰休假。强化消费者权益保护。 ...

Core Viewpoint - Jiulian Technology's subsidiary, Guangdong Jiulian Smart Energy Co., Ltd., provides professional energy digitalization and intelligent overall solutions, including energy management, microgrids, and virtual power plants [1] Group 1 - Jiulian Smart Energy is involved in drafting and formulating group standards such as the "Comprehensive Energy Station Construction and Operation Service Evaluation Specification" and "Virtual Power Plant Construction and Operation Service Evaluation Technical Requirements" [1]

Core Insights - Jinzhitech Co., Ltd. experienced a stock price increase of 5.03%, reaching 12.52 CNY per share, with a trading volume of 334 million CNY and a turnover rate of 6.89%, resulting in a total market capitalization of 5.015 billion CNY [1] Company Overview - Jinzhitech, established on November 10, 1995, and listed on December 8, 2006, is located in Jiangning Economic and Technological Development Zone, Nanjing, Jiangsu Province. The company specializes in the application research of automation, information technology, and intelligent technology in the fields of smart energy and smart cities [1] - The revenue composition of Jinzhitech includes: - 25.55% from distribution and utilization automation devices and systems - 21.09% from power plant electrical automation devices and systems - 20.09% from substation comprehensive automation devices and systems - 14.80% from IT service-related products and services - 13.37% from intelligent products and services - 4.86% from power design and integrated operation and maintenance - 0.23% from leasing - 0.01% from new energy generation [1] Fund Holdings - Huatai-PB Fund has a significant holding in Jinzhitech, with its Huatai-PB CSI 2000 Index Enhanced A Fund (019923) holding 300,200 shares, accounting for 0.71% of the fund's net value, ranking as the fifth-largest holding. The estimated floating profit today is approximately 180,100 CNY [2] - The Huatai-PB CSI 2000 Index Enhanced A Fund was established on January 12, 2024, with a latest scale of 98.4754 million CNY. Year-to-date returns stand at 44.25%, ranking 577 out of 4,220 in its category; the one-year return is 70.17%, ranking 91 out of 3,857; and since inception, the return is 68.38% [2] Fund Manager Insights - The fund managers of Huatai-PB CSI 2000 Index Enhanced A Fund include: - Sheng Hao, with a tenure of 10 years and 6 days, managing assets totaling 3.093 billion CNY, with the best return during tenure at 125.07% and the worst at -29.48% [3] - Lei Wenyuan, with a tenure of 3 years and 73 days, managing assets of 1.042 billion CNY, with the best return at 71.86% and the worst at 20.32% [3] - Kong Lingye, also with a tenure of 3 years and 73 days, managing assets of 921 million CNY, with the best return at 71.86% and the worst at 0.17% [3]

Core Insights - In the first half of the year, the total profit of industrial enterprises above designated size reached 34,365 billion yuan, a year-on-year decrease of 1.8%, while operating revenue was 66.78 trillion yuan, an increase of 2.5% [1] - In June, the profit of industrial enterprises was 7,155.8 billion yuan, a year-on-year decline of 4.3%, but the decline narrowed by 4.8 percentage points compared to May, with significant improvement in the manufacturing sector where profits shifted from a 4.1% decline in May to a 1.4% increase [1] - The revenue of industrial enterprises continued to grow, with June showing a 1.0% year-on-year increase, maintaining the same growth rate as May [1] Industry Performance - The equipment manufacturing sector showed rapid growth in both revenue and profit, with June revenue increasing by 7.0% year-on-year and profits turning from a 2.9% decline in May to a 9.6% increase [2] - In the automotive industry, profits surged by 96.8% due to promotional activities boosting sales and increased investment returns from key enterprises [2] - High-end, intelligent, and green industries within manufacturing saw significant profit growth, with electronic special materials manufacturing, aircraft manufacturing, and marine engineering equipment manufacturing profits increasing by 68.1%, 19.0%, and 17.8% respectively [2] Consumer Goods and Related Sectors - The medical instruments and equipment manufacturing, as well as the production of printing, pharmaceutical, and daily-use equipment, experienced rapid profit growth in June [3] - The policy of replacing old consumer goods with new ones continued to show effects, with profits in smart unmanned aerial vehicle manufacturing, computer assembly manufacturing, and household air conditioning manufacturing increasing by 160.0%, 97.2%, and 21.0% respectively [3] - The accounts receivable for industrial enterprises reached 26.69 trillion yuan by the end of June, indicating a recovery trend, although the year-on-year growth rate has been declining for four consecutive months since March [3] Future Outlook - Looking ahead to the third quarter, it is expected that the overall efficiency of industrial enterprises will improve due to the progress in China-US trade negotiations and the implementation of domestic "anti-involution" policies, alongside a rapid rebound in prices of coking coal and steel [4]

Company Overview - Xinrui Electronics Technology Co., Ltd. (hereinafter referred to as Xinrui Electronics) has been accepted for IPO on the Beijing Stock Exchange as of June 30, with Guotai Junan Securities as the sponsor [2] - Established in 2008, Xinrui Electronics has a registered capital of 28 million yuan and specializes in the research, development, manufacturing, and sales of industrial automation and intelligent products [2] Fundraising and Use of Proceeds - The company plans to raise 140 million yuan through the IPO, which will be used for production center upgrades, research and development center construction, and to supplement working capital [2] Shareholding Structure - Chairman and General Manager Zhang Jizhou directly holds 34.52% of the company's shares and indirectly controls an additional 3.80% through Xinrui Hong, making his total control 54.51% [2][4] - Director and Deputy Manager of R&D Dong Liqiang holds 16.19% of the shares and has signed a concerted action agreement with Zhang Jizhou [2][4] Management Background - Zhang Jizhou, born in September 1975, has extensive experience in technology and management, having held various positions in companies such as Creative Technology Ltd. and Weixin Technology [4] - Dong Liqiang, born in August 1978, has also held multiple roles in Weixin Technology and Xinrui Electronics, contributing to the company's development [5] Financial Performance - The company's revenue has shown steady growth, with figures of 169 million yuan, 204 million yuan, and 301 million yuan for the years 2022, 2023, and 2024 respectively [5] - Net profits for the same years were reported at 29.61 million yuan, 30.97 million yuan, and 55.26 million yuan, indicating a positive trend in profitability [5]

Group 1 - The Hubei Provincial Government aims to attract over 1,000 industrial projects each year with investments exceeding 1 billion yuan by 2027, with a focus on advanced manufacturing projects [1] - The plan emphasizes the role of local "chain master" enterprises in driving the industry chain, establishing a directory of supporting enterprises, and promoting deeper integration into Hubei's industrial and supply chains [1][2] - The strategy includes encouraging regional advantages for vertical integration and horizontal expansion of industry chains, promoting a cluster-style investment approach [1][2] Group 2 - The government will implement a "three-chain" work mechanism involving government leadership, enterprise guidance, and support from research institutions to address key industry challenges and attract core technology investments [2] - The focus will be on the entire project lifecycle, including attracting incubators, financial investment, and talent, to create a comprehensive industrial ecosystem [2] - The plan includes exploring application scenario investments in sectors like health, culture, and smart technology, with a focus on new technology applications and industry cultivation [2] Group 3 - The strategy aims to optimize the use of existing resources, attract venture capital, and develop modern industrial parks that integrate research, education, and industry [3] - The government will promote a diversified approach to land supply and reduce enterprise costs, while establishing specialized funds to support key industrial clusters [3] - The plan includes a "technology + industry + platform" investment model, enhancing the construction of specialized technology parks and supporting high-quality innovation projects [3]

Core Viewpoint - The Shandong government has introduced a comprehensive set of 50 targeted policies to support the high-quality development of the private economy, with an expected direct fiscal investment of over 36 billion yuan and the potential to drive over 2 trillion yuan in financial and social investments over the next three years [2][4]. Group 1: Support for Innovation and Development - The policies include 17 measures focused on innovation, such as supporting major technological innovation projects, increasing R&D investment, and protecting intellectual property rights [2]. - Financial support for R&D can reach up to 5 million yuan per enterprise, and companies completing clinical trials for innovative drugs can receive up to 100 million yuan annually [2]. Group 2: Transformation and Upgrading of Private Enterprises - The policies aim to facilitate industrial upgrades through measures like special loan interest subsidies and equipment update subsidies, as well as encouraging participation in rural revitalization [3]. - Support for foreign trade enterprises includes financing services and assistance in participating in overseas exhibitions to enhance competitiveness [3]. Group 3: Financing Channels for Private Enterprises - The policies include measures to strengthen financing supply through various means such as guiding funds, supply chain finance, and government procurement contract financing [3]. - There are also measures to prevent overdue payments to private enterprises, ensuring fair payment terms and conditions [3]. Group 4: Fair Competition in Government Procurement - The policies aim to eliminate barriers to government procurement for private enterprises, including regular checks to remove unfair competition practices and expanding the market share for small and medium-sized enterprises [4]. Group 5: Policy Accessibility and Efficiency - The government plans to enhance the accessibility and efficiency of policies through reforms and recognition programs, ensuring that enterprises can benefit from fiscal policies effectively [4]. - The Shandong government will prioritize the allocation of fiscal resources to support the implementation of these policies, utilizing various financial instruments to create a supportive environment for the private economy [5].