中国民营企业数量庞大，其中绝大多数是中小企业，成为推动产业升级、稳定经济增长的重要支撑。最 新统计显示，截至5月底中国实有民营经济组织1.85亿户，占经营主体总量的96.76%。 6月27日至30日在广州举行的第二十届中国国际中小企业博览会上，国内中小企业带来的一系列新技 术、新产品、新装备备受瞩目，向世界展现了中国民营企业坚持科技赋能、加快培育新质生产力的新气 象。 为服务好全国中小企业，从部委到地方积极部署，围绕市场拓展、融资促进、数字化转型等多个领域推 出系列暖企惠企举措，开展针对性的服务活动，通过精准有力的政策助力中小企业强信心、稳预期。 位于山东淄博高新区的宇鸿敏芯（山东）电子科技有限公司，是一家成立仅一年的科技型中小企业，以 自主研发量产的溅射金属基高精纳米膜芯体，攻克国产压力传感器精度低、量程短的难题，填补了国内 高端传感器领域空白。 山东省淄博市科学技术局局长熊欣表示，集成科技项目、科技金融等政策措施，全力支持企业有针对性 地开展技术攻关，让技术创新与产业发展更加紧密地融合到一起，促进企业的创新成果尽快转化为现实 生产力。 在河北省沧州经济开发区河北众燚核电装备有限公司生产车间，一个个核电用抗 ...

Core Viewpoint - The company achieved stable revenue growth and core business resilience through a strategy of "technological innovation + market expansion," despite intense market competition [1][3]. Financial Performance - The company reported a revenue of 1.634 billion yuan and a net profit of 60.44 million yuan for the fiscal year 2024, with a significant increase in net cash flow from operating activities reaching 214 million yuan, up 81.22% year-on-year [1]. - The company plans to distribute a cash dividend of 0.30 yuan per 10 shares (including tax) [1]. Business Segments - The glass tempering equipment business generated revenue of 778 million yuan, a year-on-year increase of 6.95%, accounting for 47.64% of total revenue, with a strong market presence in over 110 countries and regions, and an international market share of nearly 36% [1][2]. - The high-end curtain wall glass business achieved revenue of 584 million yuan, growing by 8.45%, focusing on landmark projects with significant technical barriers and maintaining a high gross margin [1]. International Market - Revenue from overseas markets reached 581 million yuan, reflecting a year-on-year growth of 2.15%, with over 80% coverage in countries participating in the "Belt and Road" initiative, demonstrating strong anti-cyclical capabilities [2]. Research and Development - The company invested 117 million yuan in R&D for 2024, holding a total of 446 authorized patents, including 106 invention patents, with significant advancements in energy-efficient technologies [2]. - The company launched a 2.0 version of an intelligent flexible production line, generating 41.21 million yuan in revenue, a remarkable increase of 98.75% year-on-year [2]. Capital and Asset Management - The company completed a private placement of shares, raising a net amount of 493 million yuan for projects aimed at enhancing high-end production capacity, with total assets reaching 3.109 billion yuan, a year-on-year increase of 22.59%, and a healthy debt-to-asset ratio of 34.5% [2]. Strategic Positioning - The company is positioned to leverage trends in energy conservation and intelligent upgrades in the industry, with improved cash flow and core business growth indicating operational resilience [3].

营收微降，净利润下滑明显 风险与挑战并存宏观环境波动风险：公司主营业务与宏观经济、城镇化率及固定资产投资密切相关，受 国际贸易格局等因素影响较大。若宏观经济调整，可能导致市场需求下降，竞争加剧。原材料价格波动 风险：钢材、浮法玻璃原片等原材料价格波动会影响公司成本与盈利水平，若价格大幅上涨，可能给公 司经营业绩带来压力。劳动力成本上升风险：社会劳动力成本逐年上升，一定程度上压缩了公司利润空 间。行业竞争加剧风险：玻璃深加工行业市场化程度高且分散，公司面临技术、价格、质量等多方面竞 争，若竞争对手实力增强，公司可能面临市场份额下降风险。贸易政策及汇率风险：国际贸易政策变化 及人民币汇率波动可能对公司出口业务和盈利水平产生不利影响。 管理层薪酬可观，激励与风险并存 董事长高学明报告期内从公司获得的税前报酬总额为72万元，总经理高理为179.33万元，副总经理高琦 176.07万元，财务总监夏冰88.09万元。较高的薪酬水平一方面体现了管理层在公司运营中的重要作用， 但另一方面也增加了公司的人力成本支出。若公司业绩未能达到预期，如此高额的薪酬可能引发投资者 对成本控制和管理层绩效的质疑。 声明：市场有风险，投资需谨 ...