编号：2025-002 浙江万安科技股份有限公司 投资者关系活动记录表 | | ☑特定对象调研□分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访□业绩说明会 | | 动类别 | □新闻发布会□路演活动 | | | □现场参观 □电话会议 | | | □其他（请文字说明其他活动内容） | | 参与单位名称 | 山西证券贾国琛，中广云投资俞晓拯、李曙光，东方财富唐硕， | | | 华创证券李昊岚，上海昱奕资产马李仪 | | 及人员姓名 | | | 时间 | 2025 年 7 月 1 日 14:00-15:00 | | 地点 | 公司会议室 | | 上市公司接待 | 董事、财务总监、董事会秘书江学芳，证券事务代表何华燕 | | 人员姓名 | | | | 公司情况交流 | | | 1、问：公司副车架新增产能情况？ | | | 答:公司在安徽宁国新增的副车架生产基地已经投产，同时在广 | | | 西柳州扩建了厂房，也是用于副车架生产。后续将根据客户订 | | | 单情况，陆续投产。 | | 投资者关系活 | 2、问：公司海外布局情况？ | | 动主要内容介 | 答:公司在匈牙利设有研发中心， ...

2025年一季度，公司通过前瞻性产品布局与供应链垂直整合推动经营质量跨上新台阶，销售收入同比取 得较大增长，实现收入1.25亿元，同比增长32.18%，净利润大幅优化实现转正。 随着光学传感器已有产品的放量出货及未来新品的客户导入，该产品线预计会快速增长，并将贡献显著 的市场份额。无线充电业务随着成本优化有望进一步拓展下沉市场，同时公司正加速研发高集成、高效 率的有线快充产品，形成无线充电与有线快充的业务闭环，加强竞争优势，提高用户粘性，预计进一步 扩大市场份额。模拟电源市场发展已相对成熟，公司将持续优化智能照明及高功率因数产品，更加专注 于汽车照明市场，聚焦前后照灯、环绕灯及氛围灯等高附加值产品。预计在未来几年内，传感器和无线 充业务占比会稳步提升，持续优化公司的产品结构与毛利水平。 中证报中证网讯(王珞)美芯晟在日前的业绩交流会中介绍，2025年以来，公司光学传感器业务和无线充 电产品放量增长。光学传感器业务持续渗透智能手表头部企业，收入同比大幅增加；其中，激光测距 (DToF)芯片与扫地机器人龙头企业深度合作，已进入规模交货阶段。 基于对未来发展的信心，公司已启动第三期回购，截至2025年4月17日，已 ...

5月13日，工业和信息化部办公厅印发《通信建设工程质量提升和安全生产行动方案(2025-2027年)》， 从完善制度体系、提升工程设计建造质量、夯实工程安全生产管理基础、加快工程建设标准供给、提高 工程管理数字化水、优化通信建设领域发展环境等六个方面，部署共16项重点任务，进一步夯实通信建 设工程安全生产工作基础，持续提升通信建设工程质量。 银河证券认为，作为新基建3.0时代的核心工程，通过构建全国一体化算力网络体系，将东部算力需求 引导至西部，优化资源布局，推动绿色能源利用和区域经济协同发展。目前来看，AI的迅速崛起，为 通信行业带来了重大的发展机遇。无论是云侧还是端侧，AI技术都对通信能力提出了更高的要求，并 表现出极大的依赖性，望为通信产业注入新的发展动力。 华安证券认为，AIGC大模型的训练，依赖于算卡集群，而算卡集群，对超高速率光通信有着强烈需 求，直接推动了相关产业的爆发，也使得SerDes、硅光、光芯片、DSP、相干光、CPO/NPO/LPO、空 芯光纤等光通信技术取得了巨大发展。随着大模型参数规模的持续增长，算卡集群也从千卡级走向万卡 级、十万卡级。传统的单数据中心集群已经无法满足需求，开始需 ...

【财联社早知道】华为与优必选签署协议共推人形机器, 地,机构称产业发展将明显提速,这家公司的人形机器 部件样品已经通过华为测试, 动物资网 财联社早知道 2025.05.12 20:57 星期一 【大头条】 一、人形机器人(华为与优必选签署协议共推人形机器人落地,机构称产业发展将明显提速,这家公司的人形机器人零部件样品 已经通过华为测试并成功交付 | | 热点复盘 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 热度 | 5月12日 板块及龙头股 | | 5月9日 | 5月8日 | 5月7日 | 5月6日 | | TOP 1 | 车工 | 成飞集成 | 年工 | 年工 | 年工 | 机器人 | | TOP2 | 机器人 | 中超控股 | ST | 机器人 | 机器人 | 华为 | | TOP3 | ST | *ST宇顺 | 纺织 | 磁悬浮压缩机 | 化工 | 算力 | | TOP4 | | | | ST | ST | 可控核聚变 | | TOP5 | | | | | | 汽车零部件 | =、成交额>10亿个股概念分布 据媒体报道,5月12日 ...

Core Viewpoint - The company has entered a phase of large-scale delivery for its DToF chips in collaboration with leading robotic vacuum manufacturers, while also experiencing significant revenue growth in wireless charging products due to customer expansion and technological upgrades [2] Group 1: Product Development and Market Position - The optical sensor product line is expected to grow rapidly and contribute significantly to market share as existing products are shipped and new customers are onboarded [2] - The wireless charging business is anticipated to expand into lower-tier markets with cost optimization, while the company accelerates the development of high-integration, high-efficiency wired fast charging products to create a business loop between wireless and wired charging, enhancing competitive advantages and user retention [2] - The company plans to focus on high-value products in the automotive lighting market, including front and rear lights, surround lights, and ambient lights, while continuing to optimize smart lighting and high power factor products [2] Group 2: Financial Performance - In Q1, the company achieved revenue of 125 million yuan, a year-on-year increase of 32.18%, and turned a profit with a net profit of 3.67 million yuan, compared to a loss of 13.26 million yuan the previous year, marking an increase of 16.94 million yuan [2] - The growth in net profit is attributed to four main factors: significant revenue growth in optical sensors and wireless charging products, enhanced gross margin from high-margin products, deep collaboration with upstream supply chains leading to cost optimization, and continuous customer expansion resulting in steady revenue growth [2]

Investment Rating - The report maintains an "Outperform" rating for Huayang Group [3][5] Core Viewpoints - In Q1 2025, Huayang Group achieved a revenue of 2.489 billion yuan, representing a year-on-year increase of 25.03% and a quarter-on-quarter decrease of 24.95%. The net profit attributable to shareholders was 155 million yuan, up 9.27% year-on-year but down 16.71% quarter-on-quarter. The growth was supported by the continued expansion of automotive electronics and precision die-casting products [1][7] - The company is focusing on automotive intelligence and lightweight solutions, with significant collaborations with major clients like Huawei and Xiaomi, providing advanced cockpit products for models such as the AITO M5, M7, and Xiaomi SU7 Ultra [2][51] - The company has seen a notable increase in its customer base, with a balanced distribution among its top five clients, and has secured numerous new projects with both domestic and international automotive manufacturers [2][43] Financial Summary - Revenue projections for 2025, 2026, and 2027 are set at 12.517 billion yuan, 15.428 billion yuan, and 19.033 billion yuan respectively, while net profit estimates have been slightly adjusted to 847 million yuan, 1.1 billion yuan, and 1.42 billion yuan for the same years [3][4] - The company's gross margin for Q1 2025 was 18.2%, down 2.7 percentage points year-on-year, while the net margin was 6.3%, down 0.9 percentage points year-on-year [19][25] R&D and Innovation - Huayang Group emphasizes R&D as a key driver for competitiveness, with R&D investment reaching 831 million yuan in 2024, a 28.94% increase year-on-year, accounting for 8.19% of revenue [28][30] - The company has developed a range of innovative products, including the first mass-produced 5.1-inch SR-HUD and various advanced cockpit control products, with significant market share in HUD and wireless charging solutions [39][40] Market Position and Customer Base - The company has expanded its product offerings and improved its market position, with significant growth in orders from new energy vehicles and smart driving systems [2][57] - Huayang Group has received multiple awards for quality and performance, including recognition from Stellantis and other major automotive clients [46][48]

Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 2.489 billion CNY, a year-on-year increase of 25.03% [4] - The net profit attributable to shareholders was 155 million CNY, reflecting a growth of 9.27%, which is lower than the revenue growth rate [4] - The gross profit margin decreased due to changes in accounting policies and pricing pressures from new automotive electronic products [5] Group 2: Business Development - The company’s automotive electronics business has expanded its customer base, including domestic and international automakers, with a significant increase in major clients [6] - New projects with clients such as Stellantis, Ford, and Volkswagen have been secured, contributing to a balanced distribution among the top five clients [6] - The total new orders received in Q1 2025 showed a substantial year-on-year growth [6] Group 3: Product Innovation - The company has launched the VPD product, which integrates multiple technologies for enhanced user experience and is now in mass production [6] - The cockpit domain control products have seen rapid growth in shipments, with new projects from major clients like BAIC and Changan [7] - The company is focusing on AI cockpit solutions in collaboration with芯驰科技, aiming to enhance automotive intelligence [7] Group 4: Market Strategy - Direct exports to the US accounted for 2.78% of revenue in 2024, with minimal impact from recent tariff policies [7] - The establishment of subsidiaries in Thailand and Mexico aims to mitigate geopolitical risks and enhance operational capabilities overseas [7]

荣旗工业科技（苏州）股份有限公司 Rongcheer Industrial Technology (Suzhou) Co., Ltd. 投入大、新旧产业融合存在不确定性、尚处于成长期、经营风险高、业绩不 稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解 创业板市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 创业板风险提示：本次发行股票拟在创业板市场上市，创业板公司具有创新 荣旗工业科技（苏州）股份有限公司 招股说明书 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由 发行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资 风险。 （苏州工业园区唯亭双马街 2 号星华产业园 11 号） 首次公开发行股票并在创业板上市 招股说明书 保荐人 ...

投入大、新旧产业融合存在不确定性、尚处于成长期、经营风险高、业绩不 稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解 创业板市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 荣旗工业科技（苏州）股份有限公司 Rongcheer Industrial Technology (Suzhou) Co., Ltd. （苏州工业园区唯亭双马街 2 号星华产业园 11 号） 首次公开发行股票并在创业板上市 招股意向书 保荐人（主承销商） （地址：苏州工业园区星阳街 5 号） 创业板风险提示：本次发行股票拟在创业板市场上市，创业板公司具有创新 荣旗工业科技（苏州）股份有限公司 招股意向书 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 | 发行股票类型 | 人民币普通股（A股） | | | | | --- | --- | --- | --- | --- | | 发行股数 | 本次公开发行1,33 ...

投入大、新旧产业融合存在不确定性、尚处于成长期、经营风险高、业绩不 稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解 创业板市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 荣旗工业科技（苏州）股份有限公司 Rongcheer Industrial Technology (Suzhou) Co., Ltd. （苏州工业园区唯亭双马街 2 号星华产业园 11 号） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招股说明书 不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公 告的招股说明书作为投资决定的依据。 （地址：苏州工业园区星阳街 5 号） 保荐人（主承销商） 创业板风险提示：本次发行股票拟在创业板市场上市，创业板公司具有创新 荣旗工业科技（苏州）股份有限公司 招股说明书（注册稿） 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与 ...