人民财讯11月4日电，就"公司油气装备业务相关产品是否可以用于深海、深地科技领域？"问题，航天 智造（300446）11月4日在机构调研时表示，在深海领域油气开采方面，全资子公司航天能源目前主要 向中海油供应射孔器材、完井装备及机电控制类产品。与此同时，航天能源成功突破非弹性密封、耐高 温高压射孔装备等多项关键技术和产品，产品覆盖了海上主要产油区块。目前公司研发的超高温超高压 射孔技术已成功应用于万米深井射孔作业，创下全球最深射孔记录。同时，公司还针对当前我国页岩油 气开发深度越来越深的趋势，开发了耐高温高压分簇射孔技术。 ...

证券代码：300446 证券简称：航天智造 公告编号：2025-079 航天智造科技股份有限公司 投资者关系活动记录表 投资者关系活动类别 特定对象调研 ☐ 分析师会议 ☐ 媒体采访 ☐ 业绩说明会 ☐ 新闻发布会 ☐ 路演活动 ☐ 现场参观 ☐ 其他（请文字说明其他活动内容） 形式 现场 ☐ 网上 ☐ 电话会议 参与人员 华泰证券 朱荣华 时间 2025年11月4日 地点 公司会议室 上市公司接待人员姓名 证券事务代表 苏志革先生 投资者关系 陈可欣女士 投资者关系活动主要 内容介绍 1.公司汽车零部件业务保持较快增长速度的原因？ 答：您好，公司前三季度实现营业收入67.07亿元，同比 增长22.01%，归母净利润实现6.51亿元，同比增长21.43%。 其中，汽车零部件业务方面，2025年1-9月，汽车行业保持增 长态势，乘用车累计销量达到2124.6万辆,同比增长13.7%，新 能源汽车销量达1122.8万辆，同比增长34.9%。在行业增长的 带动下，公司汽车零部件业务销售收入同比增长25%。同时， （1）完善的产业布局优势：航天模塑构建了"总部研发 +属地生产"的产业布局，20余家生产基地涵盖国内重点 ...

投资者关系活动类别 特定对象调研 ☐ 分析师会议 ☐ 媒体采访 ☐ 业绩说明会 ☐ 新闻发布会 ☐ 路演活动 ☐ 现场参观 ☐ 其他（请文字说明其他活动内容） 形式 ☐ 现场 网上 ☐ 电话会议 参与人员 兴全基金 李扬、李跃 汇丰晋信基金 胡连明、韦钰 时间 2025年11月3日 地点 公司会议室 上市公司接待人员姓名 证券事务代表 苏志革先生 投资者关系 陈可欣女士 投资者关系活动主要 内容介绍 1.公司前三季度业绩保持较快增长速度的原因？ 答：您好，公司前三季度实现营业收入67.07亿元， 同比增长22.01%，归母净利润实现6.51亿元，同比增长 21.43%。 汽车零部件业务方面，2025年1-9月，汽车行业保持 增长态势，乘用车累计销量达到2124.6万辆,同比增长 13.7%，新能源汽车销量达1122.8万辆，同比增长34.9%。 证券代码：300446 证券简称：航天智造 公告编号：2025-078 航天智造科技股份有限公司 投资者关系活动记录表 答：您好，公司油气装备业务方面，全资子公司航天 能源与国内中石油、中海油、中石化保持了三十多年的合 作。 在深海领域油气开采方面，公司全资子公司航天 ...

Financial Performance - The company's net profit attributable to shareholders for the first half of 2025 is expected to grow by up to 10% year-on-year [2] - In the automotive parts business, sales revenue is projected to increase by approximately 10% year-on-year, with the automotive industry showing a growth trend [3] - The sales revenue for the automotive parts business exceeded 7 billion CNY in 2024, marking a year-on-year growth of 37.7% [6][7] Business Segments Automotive Parts - The company has achieved full coverage of major domestic automotive manufacturers, establishing a robust domestic industrial layout [6] - It possesses strong technical and R&D capabilities, with 554 patents granted, including 53 invention patents [7] - The product supply chain integrates product development, mold design, component manufacturing, and assembly services, effectively controlling production costs [7] Oil and Gas Equipment - The company maintains a leading position in key technologies for shale gas and high-temperature, high-pressure perforation systems [3][5] - It has over 30 years of collaboration with major domestic oil companies, supplying critical equipment for deep-sea oil and gas extraction [4] - The deep-sea technology sector is expected to become a focal point for large oil and gas companies, presenting new growth opportunities for the company [5] New Materials - The newly established subsidiary focuses on high-performance functional materials, including anti-counterfeiting materials, electronic functional materials, and weather-resistant materials [8][9] - The pressure testing film has been recognized as a "single champion" product in Hebei Province and has established stable partnerships with leading companies in the electronics and semiconductor sectors [9] - The company is the largest global producer of UV-1084, with its technology and product quality reaching international standards [9] Future Plans - The company is considering implementing an employee stock ownership plan as a means to incentivize management and core staff, aligning their interests with the company's growth [10][11]

Group 1: 2025 Performance Expectations - The company anticipates steady growth in the automotive industry, with a projected 4.7% increase in total vehicle sales in China and a 24.4% increase in new energy vehicle sales in 2025 [3] - The oil and gas equipment sector is expected to maintain steady growth due to national energy security strategies and production plans [3] - The company is focusing on technological innovation and market transformation, particularly in high-performance functional materials and electronic components [3] Group 2: Deep Sea Technology Developments - The company has maintained over 30 years of collaboration with major domestic oil companies, focusing on deep-sea oil and gas extraction [4] - Key technological breakthroughs in non-elastic sealing and high-temperature, high-pressure perforating equipment have positioned the company as a leader in the domestic market [4] - The government has recognized deep-sea technology as a priority area, indicating future growth opportunities in unconventional oil and gas extraction [4] Group 3: Automotive Parts Business Growth - The automotive parts business achieved sales revenue exceeding 7 billion CNY in 2024, reflecting a year-on-year growth of 37.7% [6] - The company has established a comprehensive domestic industry layout, covering major automotive manufacturers and ensuring timely supply [6] - The company holds 554 patents, including 53 invention patents, showcasing its strong R&D capabilities [6] Group 4: Market Management Initiatives - The company has implemented a series of measures for market value management, including a three-year shareholder return plan and quality improvement initiatives [8] - Active engagement with investors and adherence to regulatory requirements are part of the company's strategy to stabilize investor expectations [8] Group 5: Supplier Payment Policy Impact - Major automotive companies have committed to reducing supplier payment terms to within 60 days, which is expected to enhance cash flow for related companies [9] - The company is monitoring the implementation of this policy and aims to foster healthier business relationships with clients [9]

Investment Rating - The industry investment rating is "Outperform the Market" [1] Core Insights - The concept of "Deep Sea Technology" has been included in the government work report for the first time, indicating significant growth opportunities for the underwater equipment industry [4][10] - The government aims to promote the large-scale application of new technologies and products in emerging industries, including deep sea technology, commercial aerospace, and low-altitude economy [4][10] - The underwater combat capabilities are considered an important component of new domain combat power, with technologies such as underwater acoustic detection and communication, and UUV technology expected to play a crucial role [11] Summary by Sections Industry Overview - The closing index for the defense and military industry is 1555.26, with a 52-week high of 1712.48 and a low of 1113.62 [1] Investment Recommendations - Two main investment themes are suggested: 1) Aerospace and "gap-filling" new focuses, including companies like Feilihua, Fenghuo Electronics, and AVIC Shenyang Aircraft [12][13] 2) New technologies, products, and markets with greater elasticity, including companies like Aerospace Zhizao, Guorui Technology, and Guangdong Hongda [12][13] Market Performance - The military industry index increased by 2.57% this week, ranking 9th among 31 first-level industries [14] - The top ten performing stocks in the military sector this week include Zhongke Haixun (+62.42%) and Hongyuan Electronics (+23.80%) [16] Valuation Levels - As of March 14, 2025, the military industry index stands at 11204.55, with a PE-TTM valuation of 78.84 and a PB valuation of 3.55, both at historical mid-levels [19] Key Data Tracking - The report tracks various aspects, including private placements and stock incentive data for military companies [22][25] - The report highlights significant growth in the low-altitude economy and military trade markets, with the U.S. maintaining a dominant position in global arms exports [28][30]