证券日报网讯美信科技（301577）9月30日在互动平台回答投资者提问时表示，公司信号类电感尤其是 片式电感产品在生产效率、产品良率及产能规模均稳居行业前列；功率类电感主要应用在新能源汽车、 服务器电源、工业电源等领域，出货量保持稳定；一体成型电感是公司新拓展的产品线，尚处于市场推 广阶段。 ...

格隆汇9月30日丨美信科技(301577.SZ)在投资者互动平台表示，公司信号类电感尤其是片式电感产品在 生产效率、产品良率及产能规模均稳居行业前列；功率类电感主要应用在新能源汽车、服务器电源、工 业电源等领域，出货量保持稳定；一体成型电感是公司新拓展的产品线，尚处于市场推广阶段。 ...

格隆汇9月30日丨美信科技(301577.SZ)在投资者互动平台表示，公司信号类电感尤其是片式电感产品在 生产效率、产品良率及产能规模均稳居行业前列；功率类电感主要应用在新能源汽车、服务器电源、工 业电源等领域，出货量保持稳定；一体成型电感是公司新拓展的产品线，尚处于市场推广阶段。 ...

（文/罗叶馨梅）9月29日，麦捷科技在投资者互动平台表示，公司主要向苹果供应一体成型电感产品，相关产品主要应用于终端设备的电源管理单元。 针对投资者关于订单规模的提问，公司回应称，与部分客户在产业链合作中存在严格的商业保密约定，实际订单规模会随下游生产计划动态调整，因此不宜 对外公开相关经营细节。 公司强调，作为聚焦头部大客户的电子元器件供应商，麦捷科技始终通过前期的产品认证与产能储备，积极响应客户需求增长，确保相关产品的稳定交付与 履约。 业内人士分析认为，随着智能终端产品更新迭代加快，对电源管理及相关核心元器件的性能和可靠性要求不断提升。一体成型电感因具备高效率、低损耗和 小型化优势，正逐步成为智能手机等终端设备的重要配置。 近年来，麦捷科技持续加大在电感产品技术研发与产线扩充方面的投入，进一步强化与核心客户的合作关系。公司表示，未来将继续拓展产品应用领域，保 持在高端电感产品市场的竞争力。（校对/秋贤） ...

Group 1 - The company held an online investor relations event on September 19, 2025, to discuss key business developments [1] - The factory in Thailand is currently under renovation and is expected to be operational in Q1 2026 [1] - The Bay Area headquarters is anticipated to commence operations in Q4 2025, focusing on the production of various transformers and precision control equipment [1] Group 2 - The newly established subsidiary, Guangdong Weizhi Robot Manufacturing Co., Ltd., aims to enter the robotics sector, specializing in automated production of high-value magnetic components [1] - If fully operational, the new factories in the Bay Area and Thailand are projected to double the company's output [2] - The company's strategic expansion and business development plans are expected to attract market attention [2]

证券代码：301577 证券简称：美信科技 编号：2025-008 | | 特定对象调研 分析师会议 媒体采访 业绩说明会 | | --- | --- | | 投资者关系活动类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与单位名称及人员姓名 | 参加 2025 年半年度网上集体接待日活动的投资者 | | 时间 | 年 月 日 2025 9 19 | | 地点 | 线上（全景路演） | | 上市公司接待人员姓名 | 董事会秘书 王丽娟 | | | 财务总监 刘满荣 | | | 交流主要内容如下： | | | 1、你好，请问公司东南亚建厂目前进度？ | | | 【回复】您好，感谢关注！公司在泰国设立的工厂目前在装 | | | 修阶段，预计 2026 年一季度投入使用。谢谢。 | | 投资者关系活动主要内容介绍 | | | | 2、问下公司大湾区厂区具体投入使用时间，主要生产哪些产 | | | 品？对公司业绩影响几何？ | | | 【回复】您好，感谢关注！公司湾区总部预计今年第四季度 | | | 投入使用，主要生产网络变压器、片式绕线电感、RF 射频变 | | | 压器、BM ...

Group 1: Business Model and Market Position - The company customizes signal magnetic components based on specific customer needs, enhancing customer retention and reducing supplier switching costs [2] - The company has achieved mass production of high-speed network transformers, including 2.5G, 5G, and 10G models, with the 10G Ethernet transformer being one of the fastest in the industry [2][3] - The company has over 20 years of experience in the network transformer sector, covering a wide range of products from 6PIN to 96PIN and from 100Mbps to 10Gbps, which has solidified its market position [3] Group 2: Challenges in Power Magnetic Components - The power magnetic components market is vast, but the company faces challenges due to price pressures from downstream customers and the need for small-batch, customized products [3] - The automotive sector imposes strict requirements for power density, efficiency, safety, and durability, leading to lengthy and costly certification processes for new products [3] - The company is gradually gaining recognition in the power magnetic components market, successfully entering core applications such as AI server power supplies and data centers [3] Group 3: Product Applications and Future Prospects - The company's products are applicable in servers, industrial robots, and data centers, having received certifications from significant international and domestic clients [3][4] - The company is leveraging new manufacturing techniques for integrated inductors aimed at the mid-to-high-end market, which is currently dominated by foreign manufacturers [4] - With the establishment of new production capacities in the Bay Area and Thailand, the company is positioned to meet increasing market demand and enhance its market share [4]

Core Viewpoint - The company, Yuean New Materials (688786.SH), is actively engaged in research and development of soft magnetic powder products, which are currently applied in integrated inductors for high-frequency and high-current scenarios [1] Group 1: Research and Development - The company has collaborated with research institutions to explore relevant technologies [1] - The soft magnetic powder series products developed by the company are specifically designed for high-frequency and high-current applications [1] Group 2: Market and Technology Trends - The third-generation gallium nitride (GaN) semiconductors have specific requirements for inductors regarding high-frequency losses and electromagnetic interference [1] - The primary operational conditions for GaN semiconductors are high-frequency and low-current scenarios, which currently utilize ferrite materials, differing from the company's focus on metallic soft magnetic materials [1] - The company maintains regular academic exchanges with research institutions to stay updated on future technological developments and market directions [1]

Summary of the Conference Call for Shunluo Electronics Company Overview - **Company**: Shunluo Electronics - **Industry**: Consumer Electronics, Automotive Electronics, Data Center Solutions Key Points and Arguments Financial Performance - In Q2 2025, Shunluo Electronics achieved revenue of **3.224 billion yuan**, with Q2 alone reaching **1.763 billion yuan**, marking a historical high for the company, surpassing the previous record of **1.7 billion yuan** in Q2 2024 [4][5][24] - The company expects a gross margin for the entire year of **35% to 37%** [5][19] Business Segments Performance - **Consumer Electronics**: Growth driven by mobile phone business, particularly in signal processing and power management, with notable performance in integrated inductors and NR power inductors [2][5][6] - **Automotive Electronics**: Recent demand improvement, with an optimistic growth outlook for the year despite a slowdown in year-on-year growth. New automotive projects are expected to contribute to revenue post-2026 [2][9][10] - **Data Center Business**: Orders have reached last year's total, primarily driven by two power inductor product lines [2][6] - **Tantalum Capacitors**: Continuous investment with a goal to exceed **100 million yuan** in revenue by 2026, focusing on high-end consumer electronics [2][11] Market Trends and Outlook - The company does not foresee significant impacts from export issues or national subsidies on overall demand, as its mobile phone business is primarily domestic [7] - For Q3 2025, the company anticipates stable trends in downstream demand, particularly from domestic Android phone clients [8] - The automotive business is expected to maintain its annual targets despite recent demand fluctuations [9] Research and Development - Increased R&D investment is focused on automotive and tantalum capacitor projects, with plans to expand research in materials, processes, and assembly [13][15] - The company is exploring new applications in the robotics market, currently in the research phase [25] Inventory and Capital Expenditure - Inventory increased in Q2 due to preparations for the peak demand season in the automotive and layered business sectors [12] - Capital expenditure for 2025 is expected to remain similar to 2024 levels, with potential for significant investments in high-return projects [21][28] Governance and Management - The chairman's recent share reduction is attributed to personal financial needs and does not affect the company's operations or governance structure [30] Competitive Landscape - The tantalum capacitor market is highly concentrated, with the top four players holding over **90%** market share. Shunluo aims to capture more of this market, particularly in high-end applications [31] - The company is also focusing on expanding its market share with major clients like Samsung, Huawei, and Xiaomi, with varying degrees of success [22] Future Growth Potential - The AI server business is projected to exceed **100 million yuan** in revenue for 2025, driven by overseas clients [17][26] - The automotive product profit margins are expected to remain stable, with a target of maintaining above **35%** [35] Additional Important Insights - The company is transitioning its development focus from technology-driven to market-driven, aligning R&D and production with customer needs [27] - The market for tantalum capacitors in AI servers could reach tens of billions, indicating significant growth potential [34]

Core Viewpoint - The company, Maijie Technology, emphasizes that insertion loss is not typically used to evaluate integrated inductors, highlighting its comprehensive technological advantages in materials, processes, and equipment [1] Group 1 - The company responded to investor inquiries regarding insertion loss, which measures power loss during signal transmission due to insertion devices or link components [1] - The integrated inductors produced by the company are recognized for their high quality across various domestic and international sectors [1] - The company claims to possess core technological advantages in all aspects, including materials, processes, and equipment [1]