证券日报网讯 格林精密（300968）9月29日在互动平台回答投资者提问时表示，公司深耕精密结构件行 业20多年，是一家专业的精密结构件制造商和一揽子技术方案解决商。为低轨卫星通信系统配套的精密 结构件，需要在特定环境下保证其性能的稳定性，在轻量化的同时要具备抗辐射、耐高温、耐低温等特 性。相控阵天线系统是低轨卫星通信系统的关键组件。 ...

Core Insights - Guangdong Green Precision Components Co., Ltd. engaged with investors during the online collective reception day on September 19, 2025, addressing various topics including R&D direction, profitability, and business improvements [1][2]. Investor Relations Activity - The investor relations activity was categorized as a performance briefing and took place online from 15:30 to 17:00 on September 19, 2025, via the "Investor Relations Interactive Platform" [2]. - Key personnel present included Chairman and General Manager Mr. Wu Baoyu, Vice General Manager Mr. Jin Yaoqing, and other board members and executives [2]. R&D Focus and Profitability - The company allocates approximately 8% of its revenue to R&D, positioning it among the industry leaders [3]. - Future R&D efforts will expand into AI computing power centers, liquid cooling for heat dissipation, humanoid robots, drones, and satellite communication, with an emphasis on collaboration with universities and research institutions [3]. Business Improvement Strategies - The company aims to enhance its dual-drive capabilities in both international and domestic markets, targeting top-tier and unicorn clients internationally while strengthening domestic partnerships in robotics and drones [3]. - The company has passed the qualification review for a well-known domestic battery client, although related projects are currently on hold due to strategic adjustments by the client [3]. Shareholder Returns and Development Plans - A "Quality and Return Improvement" plan has been established, along with a three-year dividend return strategy to reward shareholders [3]. - The company emphasizes the importance of investor relations and plans to enhance communication mechanisms to convey its value to investors [3]. Industry Position and Market Performance - With over 20 years of experience in the precision components industry, the company provides products across multiple sectors and collaborates with notable firms in the drone and low-orbit satellite communication fields [3]. - The company's stock price is influenced by various factors, and it will monitor and maintain its value and shareholder rights accordingly [3]. Humanoid Robot Sector - The precision components produced by the company can be applied in the humanoid robot sector, with future plans to align with market demand, although no projects are currently underway [3]. Robotics Business Progress - The company's precision components have not been involved in any projects related to Yushu robots [3]. New Development Plans - The company will continue to strengthen its dual-drive strategy, expanding its market presence both domestically and internationally [3].

Core Insights - The company reported a revenue of 1.391 billion yuan for the first half of 2025, marking a year-on-year growth of 16% [1] - The new energy business segment showed remarkable performance with a revenue of 402 million yuan, a staggering increase of 177.09% year-on-year, becoming the main growth driver [1] - The automotive business generated 507 million yuan in revenue, reflecting a year-on-year increase of 24.30%, with both segments accounting for over 60% of total revenue [1] Business Development - The company is a significant player in the precision structural components sector, with products spanning new energy, automotive, home appliances, and healthcare [1] - In the new energy sector, the company is actively entering emerging fields such as robotics, collaborating with several humanoid robot companies to develop lightweight structural components, currently preparing for mass production [1] - Progress has been made in the validation of new materials for energy storage and capacity expansion, with multiple new energy projects secured [1] Automotive and Healthcare Initiatives - The automotive segment has innovated with the application of IML technology in exterior components, including complex parts like translucent grilles [1] - The first lightweight tailgate project has received PESO certification, and multiple development projects are underway [1] - In the healthcare sector, several new projects have been initiated, focusing on the medical consumables market with a clear path to mass production [1] Client and Market Position - The company has made significant breakthroughs in acquiring new clients, successfully securing four home appliance-related projects from Xiaomi [1] - R&D investment has increased, with expenses reaching 56.879 million yuan, a year-on-year growth of 22.55%, showcasing a strong technical transformation advantage [2] - The company benefits from a solid client base, including major players like Haier, Foxconn, CATL, BYD, Chery, EVE Energy, and Mindray, across four major industries [2] Future Outlook - Looking ahead, the company anticipates a favorable performance in the second half of the year, driven by the increasing penetration of new energy vehicles and the orderly implementation of supportive policies [2] - Expectations for project implementation, capacity expansion, and market development remain positive, indicating a stable and improving performance outlook [2]

Core Viewpoint - Huafu Securities research report highlights Keda Li as a leader in lithium battery structural components, entering the robotics sector for its second venture [1] Company Overview - The company's main business includes lithium battery structural components and automotive structural components, with lithium battery structural components accounting for approximately 95% of revenue [1] - Keda Li has been deeply engaged in the precision structural component industry for nearly 30 years, showcasing strong R&D capabilities and a solid business foundation [1] Product Development - In April 2025, the subsidiary Kemon will officially launch seven new core transmission technology products for robots, focusing on lightweight, compact structure, torque-to-weight ratio, high precision, and high load stability [1] - Future product sampling and targeted progress are anticipated to be promising [1] Market Expansion - The company aims to further expand its market share through overseas bases [1] - The mid-term growth potential of core components for humanoid robots, such as harmonic reducers and joint modules, is expected to provide additional valuation flexibility [1] Investment Rating - The report initiates coverage with a "Buy" rating for Keda Li [1]

Core Viewpoint - The acquisition of 100% equity in Mia Precision Technology and Changhong Industrial by GoerTek aims to enhance its competitiveness in the precision structural components sector and improve vertical integration within the smart hardware supply chain [1][2]. Group 1: Acquisition Details - GoerTek announced the acquisition of Mia Precision Technology and Changhong Industrial for approximately HKD 10.4 billion (around RMB 9.5 billion) [1]. - The target companies are recognized for their leading position in the precision metal structural components industry, with significant technical expertise in metal/non-metal material processing and fine surface treatment [1][2]. - The combined unaudited revenue for the two target companies for the fiscal year 2024 is estimated at approximately HKD 9.11 billion, indicating a solid business scale and market foundation [2]. Group 2: Strategic Implications - The acquisition is expected to enhance GoerTek's vertical integration capabilities, increase the scale and profitability of its precision structural components business, and deepen collaboration with leading industry clients [2][3]. - GoerTek's precision components business is the fastest-growing segment, with projected revenue of RMB 15.051 billion for 2024, accounting for 14.90% of total revenue and showing a year-on-year growth of 15.85% [3]. - The acquisition is part of GoerTek's broader strategy to position itself in next-generation terminal products, including acoustic components and optical modules, while maintaining strong ties with major brands like Meta, Sony, and Pico [2].

Group 1: Resumption of Trading - Jinzhikeji's controlling shareholder will change to Nanjing Zhidi, and the stock will resume trading [1] - Zhongsheng Gaoke's controlling shareholder will change to Fuzhou Qianjing, with actual controllers being Mr. Weng Shengjin and Ms. He Cong, and the stock will resume trading [1] Group 2: Capital Increase and Mergers - Guangdian Jiliang plans to raise no more than 1.3 billion yuan for a new generation AI chip testing platform project [2] - Geer Software intends to acquire over 51% of Weipin Zhiyuan, which owns an intelligent agent orchestration platform [2] Group 3: External Investments and Daily Operations - China Nuclear Power plans to invest 1 billion yuan in China Fusion Energy Co., Ltd. [3] - Zhejiang Energy Power intends to invest 751 million yuan in China Fusion Energy Co., Ltd. [4] - Goer Technology plans to acquire 10.4 billion HKD of equity in Hong Kong Lianfeng's wholly-owned subsidiary, which has leading competitiveness in precision metal structural components [4] - Guizhou Moutai plans to jointly establish a research institute company with Moutai Group, with a registered capital of 1 billion yuan [4] - Ruima Precision's subsidiary has secured a 336 million yuan project for automotive air suspension system products [5] - Fuwei Co., Ltd. has received a total of 700 million yuan for an exterior project from a well-known new energy brand [6] - Guangsheng Nonferrous Metals' wholly-owned subsidiary plans to publicly transfer 3% equity of Zhujiang Rare Earth [7] - Tianrun Industrial intends to acquire 100% equity of Shandong Altai for 135 million yuan [8] - Hunan Youneng plans to invest in a lithium battery cathode material project in Malaysia with an annual output of 90,000 tons [9] - Liou Co., Ltd. is planning to list on the Hong Kong Stock Exchange [10] - Zhongrun Resources' stock name has changed to "Zhaojin Gold" [11] Group 4: Performance Changes - Jepu Te expects a net profit of 86 million to 100 million yuan for the first half of the year, representing a year-on-year increase of 57.03% to 82.60%, benefiting from the global demand for laser devices and rapid sales growth in precision processing for new energy power batteries and consumer-grade laser devices [12]