证券代码：301275 证券简称：汉朔科技 汉朔科技股份有限公司 投资者关系活动记录表 编号：2025-002 | | □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 | □新闻发布会 | □√ 路演活动 | | 类别 | □√ 现场参观 | □其他 | | | 中信证券 | 陈峰 | | | 中金公司 | 朱镜榆 | | | 中信建投 | 何昱灵 | | | 国泰海通 | 朱瑶 | | 参与单位名称及人 | 招商证券 | 周翔宇 | | 员姓名 | 中泰证券 | 王心悦 | | | 申万宏源 | 徐平平、洪依真、袁航 | | | 国金证券 | 孟灿 | | | 国信证券 | 库宏垚 | | | 国海证券 | 钟依浓 | | | 国元证券 | 王朗、潘睿麟 | | | 东方证券 | 陈超、宋鑫宇 | | 东方财富证券 | 沈思越 | | --- | --- | | 东兴证券 | 李科融 | | 开源证券 | 李海强 | | 华安证券 | 李元晨 | | 华金证券 | 熊军 | | 华福证券 | 王鑫旸 | | 上海证券 ...

Core Viewpoint - The company is focusing on the integration of AI and smart hardware, enhancing its IoT ecosystem to meet the growing demand for intelligent home solutions [2][4]. Group 1: Company Performance - In 2024, the company upgraded its ecosystem from "1+4+N" to "2+5+N," transitioning to a dual-core model driven by "AI + YingShi IoT Cloud" [2]. - The smart home camera segment generated revenue of 2.948 billion yuan in 2024, with new products targeting niche markets such as children, the elderly, and pet care [2]. - The smart entry products achieved revenue of 748 million yuan, reflecting a year-on-year growth of 47.87% [3]. - The smart service robot segment saw a revenue increase of 265.12%, reaching 166 million yuan, driven by advancements in environmental perception and self-learning capabilities [3]. - The cloud platform service business generated revenue of 1.052 billion yuan in 2024, with a year-on-year growth of 22.87% and a gross margin of 76.19% [5]. - In the first quarter of 2025, the company reported revenue of 1.38 billion yuan, a year-on-year increase of 11.59%, and a net profit of 138 million yuan, up 10.42% [5]. Group 2: Industry Trends - The rapid development of AI interactive models and smart visual IoT products is becoming a new trend in the industry [2]. - There is a growing demand for remote management, data analysis, and personalized services among users, which the company is addressing through its subscription-based cloud platform [4]. - The company is enhancing user engagement and platform value by continuously innovating its product offerings and improving inter-product connectivity [4].

东吴证券股份有限公司王紫敬近期对航天宏图进行研究并发布了研究报告《2024年年报和2025年一季报点评：24 年报业绩低于预期，积极拓展数据要素服务》，给予航天宏图买入评级。 航天宏图(688066) 盈利预测与投资评级：考虑需求端影响，我们将公司2025-2026年EPS预测由1.10/1.62元下调至0.48/0.81元，预测 2027年EPS为1.26元。预计随着下游客户订单恢复，公司有望实现业务恢复，维持"买入"评级。 风险提示：政策推进不及预期；技术推进不及预期；竞争加剧影响。 最新盈利预测明细如下： 投资要点 业绩低于市场预期：2024年公司业绩低于市场预期，主要由于宏观经济环境压力，2023年和2024年订单数量减 少，导致2024年收入同比下降；此外，由于军采暂停，未签约项目计提了存货跌价准备。经营活动产生的现金流 量净额-2.22亿元，主要由于支付的项目款项减少以及公司优化人员组织架构，实现成本降低和效率提升，导致职 工薪酬等各项支出同比下降，进而使得经营活动产生的现金流出有所减少。 切实加强核心产品竞争力：2025年，公司将有序推进产业发展模式的升级迭代以及对核心产品竞争能力的优化提 升。 ...

Investment Rating - Industry rating: Recommended [5] Core Insights - The electronic price tag industry has significant growth potential, with HanShuo Technology being the leading player in China. The company has developed a comprehensive business system centered around electronic price tag systems and SaaS cloud platform services, continuously innovating its product offerings [1][9] - The penetration rate of electronic price tags is expected to continue rising, with the current global penetration at approximately 15%. In China, the penetration rate is only 15% as of 2023, but it is projected to reach 40% in the next five years. The global electronic price tag market size has grown from 2.8 billion to 16.9 billion from 2017 to 2023, with a CAGR of 34.9%, and is expected to reach 34.9 billion by 2028 [2][14][15] Summary by Sections Section 1: Electronic Price Tag Industry Overview - HanShuo Technology is the top electronic price tag manufacturer in China and ranks among the top three globally. The company has established international operations since 2014 and has formed strategic partnerships with major retailers [1][9][10] - The company reported a revenue of 4.49 billion in 2024, an increase of 18.8% year-on-year, with electronic price tag terminal revenue at 4.113 billion, up 16.9% year-on-year [10] Section 2: Market Dynamics - The electronic price tag market is characterized by a high concentration of leading service providers, with HanShuo Technology holding a 62% market share in China and a 28% share globally. The competitive landscape is expected to continue favoring top-tier service providers as retailers increasingly invest in digital solutions [2][15] Section 3: Company Performance - HanShuo Technology's revenue has grown from 1.19 billion in 2020 to 4.49 billion in 2024, with a CAGR of 39.3%. The net profit attributable to the parent company increased from 0.82 billion to 0.71 billion during the same period, with a CAGR of 71.3% [10][11]

证券代码：301275 证券简称：汉朔科技 汉朔科技股份有限公司 编号：2025-001 | | □√ 特定对象调研 | □√ 分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | □其他 | | | 中金公司 | 朱镜榆、李诗雯、李澄宁 | | | 民生证券 | 吕伟、白青瑞 | | | 中信证券 | 潘儒琛、朱珏琦、韩林轩 | | | 华西证券 | 陈天然、单慧伟 | | | 中信建投证券 | 何昱灵、应瑛、樊文辉 | | 参与单位名称及人 | 国信证券 | 库宏垚 | | 员姓名 | 开源证券 | 刘逍遥 | | | 招商证券 | 秦勉 | | | 申万宏源 | 徐平平、袁航 | | | 国金证券 | 孙恺祈、孟灿 | | | 浙商证券 | 宋伟、王凌涛 | | | 国泰海通 | 朱瑶 | | | 东财证券 | 罗云扬 | | 华安证券 | 李元晨 | | --- | --- | | 华福证券 | 王鑫旸 | | 中邮证券 | 丁子惠 | | 广发基金 | 姚铁睿 | | ...

4月24日晚间，汉朔科技股份有限公司（以下简称：汉朔科技，股票代码：301275）发布2024年年度报 告。报告显示，2024年汉朔科技经营业绩稳健增长，实现营业收入44.86亿元，同比增长18.84%，归属 于上市公司股东的净利润7.10亿元，同比增长4.81%，经营性现金流净额10.32亿元，同比增长62.29%。 作为登陆资本市场后的首份年报，其资产规模稳步提升，2024年末总资产达到51.79亿元，同比增长 36.99%。数据显示，公司总资产、净资产近三年稳定增长，盈利能力及经营能力持续向好。 持续发力泛零售门店数字化解决方案 据了解，汉朔科技是一家以物联网无线通信技术为核心的高新技术企业，其围绕零售门店数字化领域， 构建了以电子价签系统、SaaS云平台服务等软硬件产品及服务为核心的业务体系。 自成立以来，汉朔科技始终深耕于物联网无线通信领域，自主研发了广泛适用于各产品条线通信及数据 传输的HiLPC协议，支持构建可动态伸缩、实时调度的多基站同步网络架构，具备抗干扰和吞吐能力 强、并发量大、低功耗等优势。据年报数据显示，公司最新一代HiLPC协议可实现单门店承载数百台蜂 窝网络基站设备，单基站每小时更 ...

据了解，汉朔科技是一家以物联网无线通信技术为核心的高新技术企业，公司围绕零售门店数字化领 域，构建了以电子价签系统、SaaS云平台服务等软硬件产品及服务为核心的业务体系。 据年报披露信息显示，汉朔科技将进一步推动物联网、云计算、大数据、人工智能等创新技术在智慧零 售、智慧办公、智能制造等领域的产业化应用，持续为传统产业的数字化转型升级赋能。 在战略布局方面，公司将持续围绕"技术创新+全球化布局"双轮驱动战略，加大对现有主导市场欧洲、 日本、澳洲以及东南亚、中国境内等地区的战略布局，积极拓展全球供应链体系。随着AI与物联网技 术的深度融合，汉朔科技有望在智慧零售领域开启新一轮增长周期，与传统产业数字化升级浪潮形成共 振效应。 数据显示，汉朔科技自主研发的高密度低功耗蜂窝无线通信协议HiLPC已形成显著竞争优势，据了解， HiLPC同时具备抗干扰能力强、并发量大等特性。值得注意的是，在人工智能等技术的发展趋势下，公 司着力构建AIoT技术综合解决方案，开展AI与大数据融合技术、营销数字化等方面的前瞻性研发项目 布局。 4月24日晚间，汉朔科技（股票代码：301275）发布2025年一季度财务报告。报告期内，公司实 ...

Core Viewpoint - The company faced significant challenges in 2024, resulting in a substantial decline in revenue and net profit, while continuing to pursue strategic investments in emerging business areas and technological integration to maintain competitive advantages [3][49]. Company Overview - The company reported a revenue of 69,920.17 million yuan, a decrease of 24.98% year-on-year, and a net profit attributable to shareholders of -6,083.50 million yuan, down 337.45% year-on-year [3][49]. - The company aims to leverage its "AV+IT+software" integration technology to enhance market expansion and innovation [1][2]. Business Development - The company is focusing on dual-track development of core and emerging businesses, accelerating the implementation of new business models while solidifying its position in key sectors such as government, law, education, enterprise, and finance [2]. - The legal financial technology sector showed rapid growth, with revenue from mediation-related services exceeding 4,500 million yuan, marking an increase of over 220% year-on-year [3][11]. Technological Integration - The company is enhancing its product advantages through the integration of "AV+IT+software" and is investing in R&D to incorporate new technologies such as big data, blockchain, artificial intelligence, and cloud computing into its industry applications [4][10]. - The company is actively participating in the digital transformation of various sectors, including smart governance, legal technology, education, and enterprise solutions [5][6][7]. Industry Context - The software and information technology service industry is experiencing rapid growth, driven by increasing demand for digital transformation across various sectors, supported by government initiatives [20][24]. - The industry is characterized by a low concentration of market players, leading to intense competition, with many companies focusing on specific sectors or client types [25]. Future Outlook - The company is committed to becoming a leader in digital technology by capitalizing on strategic opportunities in digitalization, intelligence, and autonomy [2][10]. - The government is promoting the development of the digital economy, with a focus on artificial intelligence, big data, and cloud computing, which aligns with the company's strategic direction [21][22].

本文为IPO早知道原创 作者｜C叔 微信公众号｜ipozaozhidao 找钢集团 港股｜挂牌上市 据IPO早知道消息，找钢产业互联集团（以下简称"找钢集团"）于2025年3月10日正式以"6676"为股 票代码在港交所主板挂牌上市，这也是中国境内第一家通过De-SPAC模式在港上市的企业。 在本次De-SPAC上市过程中，找钢集团通过PIPE投资者募集资金约5.326亿港元，PIPE投资者包括 徐州臻心、东英资管、东方资产管理、托克香港、宁海真为、许昌产业投资、Spring Prosper Pte. Ltd.及郑州诚信等。 成立于2012年的找钢集团通过连接钢铁交易行业的主要参与者至自己的数字化平台，率先在中国提 供涵盖钢铁交易全价值链的一站式B2B综合服务，包括线上钢铁交易、物流、仓储及加工、SaaS产 品和大数据分析。同时，找钢集团正逐步拓展至电子元器件、电工电气、五金机电产品、有色金属等 非钢铁工业原材料市场。 一周IPO动态，覆盖港股、美股、A股。 根据灼识咨询的资料，按2023年线上钢铁交易吨量计算，找钢集团是中国最大的三方钢铁交易数字 化平台。2023年，找钢集团的数字化平台录得三方钢铁交易吨量 ...

【公司公告】 3月11日，国内电子价签供应商汉朔科技股份有限公司（以下简称"汉朔科技"）登陆深交所创业板。 ▶ 关于集邦 SA亚A 此图片来自微信公众平台 一级公厅工日日 上下滑动查看 COLLECTERS SECREES Report format>Excel Update frequency>Quarterly Manufacturer surveyed> major Chinese, Japanese, and Korean panel makers/brands 2021-2023年及2024年1-6月，汉朔科技电子价签销量分别为3,602.33万片、6,601.60万片、8,345.33万片、4,617.12万片，近三年年均复合增长率达 52.21%。 合作方面，目前，汉朔科技已经与Auchan、Ahold、Aldi、Woolworths、Leroy Merlin、Metcash、华润万家、多点集团等国内外零售头部企业形成 战略合作关系。 显示器研究中心 面板驱动IC供应链及市况分析 资料显示，汉朔科技成立于2012年，是一家以物联网无线通信技术为核心的高新技术企业，公司围绕零售门店数字化领域，构建 ...