格隆汇9月19日丨密封科技(301020.SZ)在互动平台表示，公司的主要产品包括密封垫片、隔热防护罩、 密封纤维板以及金属涂胶板等密封制品和密封材料，目前尚未对宁德时代供货。 ...

证券日报网讯密封科技（301020）9月18日在互动平台回答投资者提问时表示，公司的主要产品包括密 封垫片、隔热防护罩、密封纤维板以及金属涂胶板等密封制品和密封材料，下游客户主要在汽车、造 船、发电、通用机械、制冷、石化设备等行业领域，公司不掌握直接客户是否将其设备用在液冷、数据 中心、光模块等具体领域。 ...

密封科技属于汽车零部件行业，公司主营业务为密封垫片、隔热防护罩、密封纤维板以及金属涂胶板产 品的研发、生产和销售。公司注册地位于山东省，具有专精特新企业资质。 密封科技8月22日股价报24.61元，较前一交易日下跌2.53%。盘中最高触及25.29元，最低下探24.52元， 成交金额1.28亿元。 8月22日，密封科技主力资金净流出1178.08万元，占流通市值的0.33%。近五个交易日主力资金累计净 流入1302.71万元，占流通市值的0.36%。 风险提示：股市有风险，投资需谨慎。 公司8月22日披露的2025年半年度报告显示，上半年实现营业收入2.94亿元，同比增长12.49%；归母净 利润5096.98万元，同比增长10.87%。公司拟向全体股东每10股派发现金红利1.5元。报告期内，公司经 营活动现金流净额为3559.37万元，同比下降53.57%。 ...

（文章来源：证券日报） 证券日报网讯密封科技8月15日在互动平台回答投资者提问时表示，公司主要产品包括密封垫片、隔热 防护罩、密封纤维板以及金属涂胶板等密封制品和密封材料，下游客户主要在汽车、造船、发电、通用 机械、制冷、石化等行业，公司不掌握直接客户是否将其设备有用在液冷相关领域；机器人领域相关公 司目前暂无合作。 ...

Group 1 - The company, 密封科技 (301020.SZ), primarily produces sealing products including sealing gaskets, thermal protective covers, sealing fiberboards, and metal-coated boards [1] - The main downstream customers are in industries such as automotive, shipbuilding, power generation, general machinery, refrigeration, and petrochemicals [1] - The company does not have direct knowledge of whether its customers are utilizing their equipment in liquid cooling-related fields [1] - Currently, there are no collaborations with companies in the robotics sector [1]

Summary of Conference Call Company Overview - The conference call was held for **Xinan Automotive** to discuss the annual report for **2024** of **Mifeng Technology**, a leading company in the sealing technology sector in China, particularly in heavy-duty vehicles [1][2]. Key Points Company History and Structure - Mifeng Technology was established in **1991** through a joint venture with Japan's Ishikawa, initially focusing on metal sealing gaskets [2][3]. - The company underwent a restructuring in **2015** and is now a publicly listed entity under the local state-owned enterprise **Yantai Bozhou** [2]. Product Portfolio and Market Position - The main products include metal sealing gaskets, sealing materials, and plastic boards, with metal sealing gaskets being the primary focus [4][5]. - The company covers **80%** of domestic diesel engine manufacturers, including major clients like Weichai and Cummins [4]. - The sealing gasket segment holds a **50%** market share in the heavy-duty vehicle sector, with significant growth in the metal gasket segment due to the rise of natural gas vehicles [5][6]. Financial Performance - The company reported a **13%** increase in profit, reaching **82 million** [7]. - Despite a **6%** decline in the overall commercial vehicle market, Mifeng's revenue grew due to a **60%** increase in the financial sealing board segment [7][8]. - The gross margin improved by **5 percentage points** compared to the previous year, attributed to stable raw material prices and tax benefits from manufacturing policies [8]. Production Capacity and Future Plans - The company is expanding its production capacity with a new production line expected to add over **100 million** in output [6][12]. - The new line is anticipated to be operational by the end of **2024**, with potential early output in the last quarter of **2023** [12][14]. - Future plans include the construction of additional production lines to meet growing demand [12][14]. Market Trends and Challenges - The sealing technology market is experiencing a shift towards electric and hybrid vehicles, with Mifeng preparing to enter this segment [34]. - The company faces competition from both domestic and international players, with a market share of approximately **70%** in the Weichai segment [24][25]. - The competitive landscape includes smaller manufacturers with lower quality products, which Mifeng aims to outperform through superior technology and customer service [26][27]. Raw Material Management - Mifeng has implemented strategies to stabilize raw material costs, including long-term contracts with suppliers to mitigate price fluctuations [31][32]. - The company has not experienced significant raw material price increases recently, allowing for stable production costs [32][38]. Conclusion - Mifeng Technology is well-positioned in the sealing technology market with a strong product portfolio and significant market share. The company is focused on expanding its production capacity and adapting to market trends, particularly in the electric vehicle sector, while maintaining a competitive edge through quality and innovation [36][37].

Group 1 - The report indicates that Yantai Shichuan Sealing Technology Co., Ltd. has experienced a slowdown in capacity expansion due to significant fluctuations in the commercial vehicle industry, impacting project progress [1][2] - The completion dates for the "Sealing Gasket Technology Upgrade and Expansion Project" and the "Thick Coating Metal Glue Board Technology Upgrade and Expansion Project" have been postponed to December 31, 2025, and December 31, 2026, respectively [2] - The "Thermal Protection Cover Technology Upgrade and Expansion Project" has been terminated, and the remaining raised funds will be retained in a dedicated account for cash management while new investment projects are being considered [2][3] Group 2 - The company has effectively established and executed relevant regulations and internal controls, including those to prevent related party transactions and manage raised funds [1] - The company has conducted one on-site inspection, and the report was submitted in accordance with regulations, with no significant issues identified [1] - The company and its shareholders have fulfilled their commitments, with no unfulfilled commitments reported [2]