证券日报网讯12月23日，国盛智科在互动平台回答投资者提问时表示，公司沿着机床产业链形成了数控 机床、智能自动化生产线、装备部件三大板块业务。公司产品应用领域较广，主要围绕机械设备、精密 模具、汽车、新能源、工业阀门、风电、工程机械、民用航空、石油化工、半导体、船舶、工业自动 化、人形机器人、液冷散热等领域的客户应用场景和个性化需求，提供智能制造一体化解决方案。 ...

Core Viewpoint - Silver Treasure New is undergoing a series of asset sales to alleviate its severe financial crisis, with a high debt ratio and declining profitability indicating a potential technical bankruptcy [1][2][3][4]. Financial Performance - As of March 2025, the total assets of Silver Treasure New are 3.523 billion yuan, with net assets of only 218 million yuan, a decrease of 20.17% compared to the previous year [2]. - The company's debt structure is concerning, with cash reserves of only 131 million yuan, insufficient to cover short-term debts [3]. - In 2024, the company reported operating revenue of 2.221 billion yuan, a year-on-year decline of 4.34%, and a net loss attributable to shareholders of 272 million yuan, marking the fifth year of losses in six years [3]. Asset Sales - The company announced plans to transfer up to 11.99% of its stake in Shenzhen Qingding Equipment Co., following a previous announcement to sell 80% of its subsidiary Nantong Silver Treasure New Technology [1][4]. - The stake in Qingding Equipment represents a significant reduction of over 40% in its indirect holding [1]. Management and Governance - The company has experienced high management turnover, with the election of its sixth chairman since its listing in 2015, indicating instability [4]. - In May 2023, the Shenzhen Stock Exchange raised concerns about the company's ongoing profitability, which remains unresolved [4]. Strategic Decisions - Silver Treasure New is selling technology assets during a critical accumulation period, raising questions about its future capabilities [4]. - The company has implemented various self-rescue measures, including asset sales and financing through guarantees and related party loans to ease cash flow pressures [3].

Core Insights - The company, Nantong Guosheng Intelligent Technology Group Co., Ltd. (Guosheng Zhike), reported a decline in both revenue and net profit for the fiscal year 2024, with revenue at 1.037 billion yuan, down 6.04% year-on-year, and net profit at 127.98 million yuan, down 10.30% year-on-year [1][2] Financial Performance - The company's total assets increased to 2.147 billion yuan, up 4.52% from the beginning of the period, while equity attributable to shareholders rose to 1.635 billion yuan, up 2.72% [1] - The company plans to distribute a cash dividend of 6.00 yuan per 10 shares (tax included) to all shareholders [1] Business Structure - Core product lines, including CNC machine tools and intelligent automation production lines, faced revenue pressure due to weakened investment sentiment in the manufacturing sector, leading to cautious purchasing behavior from downstream clients [2] - The company experienced extended project delivery cycles, contributing to a reduction in revenue [2] Market Environment - Despite growth in high-value industries such as new energy vehicles and aerospace, traditional manufacturing clients delayed equipment upgrades due to insufficient capacity utilization, impacting the market expansion for high-end products [2] - Fluctuations in raw material prices and rising labor costs further eroded profit margins [2] R&D Investment - The company has increased its R&D investment to enhance technological barriers, with R&D expenses amounting to 53.90 million yuan, representing 5.20% of revenue, an increase of 0.19 percentage points year-on-year [2] Market Capitalization - As of April 18, the company's stock closed at 21.21 yuan per share, with a total market capitalization of 2.8 billion yuan [3]