| 核心产品良率得到提升，在 服务器、车载以太 5G 通信、AI | | --- | | 网等领域取得重大突破。 | | 年上半年毛利率和情况如何，与去年同期 3、美信科技 2025 | | 相比有何变化？ | | 【回复】2025 年上半年信号类磁性元器件毛利率为 28.22%; | | 功率类磁性元器件毛利率为 6.94%。半年度毛利率主要是信 | | 号类磁性元器件业务中高端机种占比提升带动了毛利率整体 | | 水平上升。 | | 4、美信科技在产能布局上有什么规划，目前进展如何？ | | 【回复】公司首次公开发行股票的募集资金主要投向新厂区 | | 建设，截至报告期末，项目进度达 99%，即将进入产能释放 | | 期。同时，海外布局方面，泰国海外工厂正在加速筹备，彰 | | 显了拓展东南亚市场、贴近海外客户的战略意图。随着国内 | | 新厂区产能释放和泰国生产基地逐步落地，将为公司业务发 | | 展提供有力支撑。 | | 5、美信科技在市场竞争中，"定制化+快交付"能力是如何 | | 体现的，对公司业绩有什么影响？ | | 【回复】公司通过在多地布局技术服务网络，配备 FAE（现 | | 场应用工程师 ...

Group 1 - The core viewpoint of the article highlights the active development of computing power infrastructure and the relevant products from the company that can be applied in computing servers [2][3] - The company, Meixin Technology (301577.SZ), stated that its power magnetic components and certain high-end network transformer products are applicable in computing servers [2]

Core Viewpoint - Guangdong Meixin Technology Co., Ltd. reported a revenue of 205 million yuan for the first half of 2025, reflecting a year-on-year growth of 2.98% [1] Group 1: Financial Performance - The company's signal magnetic components business, a key performance driver, achieved a revenue of 148 million yuan, growing by 8.71% year-on-year, driven by advancements in high-end sectors such as 5G communication, AI servers, and automotive Ethernet [1] - Total assets reached 1.088 billion yuan by the end of June, marking a 1.89% increase from the previous year [1] - The net cash flow from operating activities was 28.8554 million yuan [1] Group 2: Business Challenges and Responses - The power magnetic components business faced short-term pressure due to price reductions from downstream customers and customized demand [1] - The company has initiated rapid response measures, including optimizing cost control systems, improving product yield, and enhancing inventory management to adapt to small-batch customization needs in industrial power and new energy automotive sectors [1] Group 3: Research and Development - Research and development investment amounted to 12.5014 million yuan, reflecting a 1.5% year-on-year increase, focusing on "high value-added products + intelligent manufacturing" [2] - The company has established a rapid response mechanism close to customers and set up a technical service network with FAE teams to engage in customer design processes early [2] - A rapid sample line has been built to quickly complete the entire process from material selection to sample delivery based on customer specifications, with a technology conversion rate significantly higher than the industry average [2] Group 4: Capital Utilization - The efficiency of funds raised from the initial public offering has been significant, with major investments directed towards the construction of a new factory in Dongguan, which is nearing completion at 99% progress for both phases [1]

Group 1 - The company focuses on the research and manufacturing of magnetic components, divided into signal and power magnetic components [6][8] - Signal magnetic components are essential for processing, transmitting, and transforming electrical signals, with applications in communication devices, especially in high-speed data transmission fields like 5G and cloud computing [8] - Power magnetic components are crucial for power processing and conversion in electronic circuits, with applications in new energy vehicles and other high-tech fields [8][9] Group 2 - The company has maintained its accounting firm, which has provided a standard unqualified audit opinion for the financial report [4] - The board of directors has approved a profit distribution plan, proposing a cash dividend of 3.00 yuan per 10 shares, with no stock bonus [5] - There have been no significant changes in the company's operating conditions during the reporting period [12]