海牛投研11月24日，南特科技（920124）将于11月27日在北交所上市，同日从新三板摘牌。 公司已与空调压缩机的前五强中的四家建立了稳定的合作关系，包括美的集团、格力电器、海立股份、 松下电器等国内外知名厂商。公司先后获得美的集团"优秀供应商"、格力电器"最佳协作奖"、松下电 器"优秀供应商"等荣誉，公司良好的企业声誉和品牌影响力获得客户的高度认可。在汽车零部件领域， 随着下游需求的蓬勃发展，近年来公司积极进行产品迭代升级，拓展产品在汽车领域的应用。目前，公 司的压盘、前盖、卡钳等产品已陆续实现对客户送样或量产。 业绩方面，2022年-2024年，公司营业收入分别为8.34亿元、9.38亿元、10.31亿元，归母净利润分别为 4664.03万元、8418.82万元、9821.70万元。 资料显示，南特科技发行价格为8.66元/股，发行股份数量3718.33万股，募集资金总额为3.22亿元。募 集资金将用于安徽中特高端精密配件生产基地二期项目、珠海南特机加扩产及研发能力提升项目。 公转书显示，南特科技是是一家主要从事精密机械零部件研发、生产和销售的高新技术企业，自成立以 来，公司一直专注于精密机械零部件制造 ...

Summary of Key Points from the Conference Call Industry and Company Involved - The discussion revolves around the **carbon-ceramic brake disc** technology in the **electric vehicle (EV)** industry, specifically focusing on **Li Auto** and its collaboration with **Jinbo Technology** [1][2][5][18]. Core Insights and Arguments - **Application of Carbon-Ceramic Brake Discs**: Li Auto plans to implement carbon-ceramic brake discs in its high-end L series models starting in **2026**, aiming for **20%** of these models to feature this technology by **2027**. This shift is driven by the need for weight reduction and improved braking performance, potentially increasing the vehicle's range by **10-20 km** and reducing the braking distance to approximately **36 meters** [1][5][17]. - **Weight Reduction Benefits**: Carbon-ceramic brake discs can reduce weight by about **50%** compared to traditional cast iron discs. Although there are no national subsidies, local governments provide research and development subsidies for companies adopting lightweight materials, typically around **10%** of the lightweight component cost [1][3]. - **Cost and Supplier Dynamics**: The cost of domestic carbon-ceramic brake discs has decreased to around **20,000 yuan** per set, significantly lower than international counterparts. Jinbo Technology, the main supplier, boasts a production capacity of **4 million discs per year** and offers products that are **two-thirds cheaper** than similar foreign products [1][9][8]. - **Technological Maturity and Market Trust**: The introduction of carbon-ceramic brake discs in models like the **Xiaomi Su Qi** has marked a significant advancement in domestic technology, enhancing market trust and prompting other EV manufacturers to upgrade their configurations [1][6][7]. - **R&D and Supplier Selection Process**: Li Auto's selection of Jinbo Technology was based on its cost control, process optimization, and service responsiveness. The collaboration began in **2023**, with a focus on material stability and cost management [2][18]. Other Important but Potentially Overlooked Content - **Impact on Braking Performance**: The use of carbon-ceramic brake discs not only improves the vehicle's range but also enhances braking performance, with a more stable friction coefficient and better initial braking force, leading to a smoother driving experience [4][6]. - **Government Support for R&D**: Local government initiatives, such as the **New Energy Vehicle Industry Development Special Fund**, are crucial in supporting R&D efforts, allowing companies like Li Auto to secure additional resources for technology advancement [2][14]. - **Competitive Landscape**: While domestic suppliers are making strides in hardware development, they still lag behind established companies like Brembo in software development and overall project experience. This gap presents both a challenge and an opportunity for growth in the domestic market [11][10]. - **Future Market Trends**: The market for carbon-ceramic brake discs is expected to grow, particularly in the EV sector, as manufacturers seek to enhance vehicle performance and efficiency while reducing costs [6][7]. - **Collaboration with Established Brands**: Li Auto's partnership with Brembo focuses on developing comprehensive braking solutions, although Brembo does not provide hardware due to increasing competition from domestic manufacturers [10][12]. This summary encapsulates the key points discussed in the conference call, highlighting the strategic direction of Li Auto in the context of the evolving EV market and the implications of adopting carbon-ceramic brake technology.