资料显示，伊之密股份有限公司位于广东省佛山市顺德高新区(容桂)科苑三路22号，成立日期2004年2 月6日，上市日期2015年1月23日，公司主营业务涉及注塑机、压铸机、橡胶机、高速包装系统及模具、 机器人自动化系统的设计、研发、生产、销售和服务。主营业务收入构成为：注塑机70.41%，压铸机 20.26%，其他4.98%，橡胶注射机4.35%。 截至9月30日，伊之密股东户数3.04万，较上期增加0.44%；人均流通股14923股，较上期减少0.44%。 2025年1月-9月，伊之密实现营业收入43.06亿元，同比增长17.21%；归母净利润5.64亿元，同比增长 17.45%。 11月20日，伊之密涨0.00%，成交额1.04亿元。两融数据显示，当日伊之密获融资买入额1295.97万元， 融资偿还1685.53万元，融资净买入-389.56万元。截至11月20日，伊之密融资融券余额合计5.81亿元。 融资方面，伊之密当日融资买入1295.97万元。当前融资余额5.58亿元，占流通市值的4.99%，融资余额 超过近一年90%分位水平，处于高位。 融券方面，伊之密11月20日融券偿还300.00股，融券卖出1 ...

证券代码：300415 证券简称：伊之密 伊之密股份有限公司投资者关系活动记录表 编号：2025-10 | | 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 | | | | | 其他 | | | | 参与单位名称 | 个人投资者 | | 蒲彩 | | | 个人投资者 | | 赵树忠 | | 及人员姓名 | 个人投资者 | | 叶红明 | | | 个人投资者 | | 聂万路 | | | 个人投资者 | | 陈俊喜 | | | 个人投资者 | | 曾海怡 | | | 个人投资者 | | 许弋川 | | | 个人投资者 | | 梁永忠 | | | 个人投资者 | | 周智敏 | | | 个人投资者 | | 唐捷涛 | | | 个人投资者 | | 谭黔英 | | | 个人投资者 | | 周贤维 | | | 个人投资者 | | 梁海英 | | | 个人投资者 | | 张洁 | | | 个人投资者 | | 谭慧君 | | ...

Core Viewpoint - Yizhiming is a leading equipment manufacturing company in China, focusing on the research and production of injection molding machines, die-casting machines, and other related equipment, with a strong technological and full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Yizhiming reported revenue of 4.306 billion yuan, ranking 4th in the industry out of 89 companies, exceeding the industry average of 1.21 billion yuan and the median of 596 million yuan [2] - The net profit for the same period was 575 million yuan, also ranking 4th in the industry, higher than the industry average of 111 million yuan and the median of 34.37 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Yizhiming's debt-to-asset ratio was 61.60%, up from 55.93% year-on-year, and above the industry average of 42.80% [3] - The gross profit margin for Q3 2025 was 31.87%, lower than the previous year's 34.10%, but still above the industry average of 28.52% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.44% to 30,400, while the average number of circulating A-shares held per shareholder decreased by 0.44% to 14,900 [5] - The top circulating shareholder, Hong Kong Central Clearing Limited, held 25.55 million shares, an increase of 12.45 million shares from the previous period [5] Group 4: Future Outlook - The company plans to invest 374 million yuan to enhance smart manufacturing capabilities, with projected net profits for 2025-2027 estimated at 705 million, 833 million, and 979 million yuan, respectively [5] - Yizhiming is expected to maintain a compound annual growth rate of 18% in net profit over the next three years [6]

Summary of the Conference Call for Yizhiming (伊之密) Company Overview - **Company**: Yizhiming (伊之密) - **Industry**: Injection Molding and Die Casting Machinery Key Financial Performance - **Revenue**: Cumulative revenue for the first three quarters of 2025 reached 4.3 billion yuan, a year-on-year increase of 17.2% [2][3] - **Net Profit**: Net profit for the same period was 564 million yuan, up 17.45% year-on-year [2][3] - **Q3 Performance**: In Q3 2025, revenue was 1.56 billion yuan, a 19.2% increase year-on-year, with net profit at 220 million yuan, up 21.2% [3] Business Segments Injection Molding Business - **Order Growth**: Domestic orders showed strong growth in the first half, while overseas orders accelerated in Q3, returning to a normal growth state [4][6] - **Future Outlook**: The company holds a cautiously optimistic view on future domestic demand, while expecting significant growth in overseas markets, particularly in India, Southeast Asia, and South America [2][6] - **Market Share**: Despite challenges in the injection molding industry, the company has increased its market share through strategic positioning and innovation [10] Die Casting Business - **Revenue Growth**: The die casting business saw revenue growth close to 30%, with significant orders for magnesium alloy die casting equipment nearing 100 million yuan [2][7] - **Application Potential**: The equipment has substantial application potential in automotive, robotics, and low-altitude aircraft sectors [7] Strategic Initiatives - **New Facilities**: The company is investing in new facilities to align with its five-year strategic plan, targeting an overall revenue goal of approximately 8.6 billion yuan by 2028 [2][8][9] - **Capacity Expansion**: A large factory in Zhejiang Nanxun has been completed, which will significantly enhance production capacity [9] Pricing and Profitability - **Pricing Strategy**: The company has not implemented an overall price reduction strategy but maintains stable pricing with variations for different clients [5][13] - **Gross Margin**: The gross margin for injection molding is slightly higher than that of die casting, with rubber machinery having the highest gross margin [11] Market Dynamics - **Industry Challenges**: The injection molding industry is experiencing slow growth, with a compound annual growth rate of only around 3% since 2010 [10] - **Competitive Advantage**: Yizhiming's performance is attributed to its competitive capabilities and market share improvements rather than relying on industry growth [10] Future Product Development - **New Product Lines**: The A6 and SK3 series have shown strong market performance since their introduction, with the SK series currently outperforming the A series [16] - **Product Strategy**: The company follows a "launch one, develop one, prepare one" strategy for new product introductions [17] Additional Insights - **3D Printing**: Currently, industrial-grade 3D printing contributes only marginal revenue and is not a primary business focus, mainly suited for R&D and small batch production [18]

Core Insights - On October 22, Yizhiming's stock fell by 0.46%, with a trading volume of 139 million yuan [1] - The company reported a net financing purchase of 2.51 million yuan on the same day, with a total financing and securities lending balance of 523 million yuan [1] Financing Overview - On October 22, Yizhiming had a financing purchase of 19.11 million yuan, with a current financing balance of 514 million yuan, accounting for 4.60% of the circulating market value [1] - The financing balance is above the 80th percentile level over the past year, indicating a high level of financing activity [1] Securities Lending Overview - On October 22, Yizhiming repaid 900 shares in securities lending and sold 3,600 shares, amounting to a selling value of 85,800 yuan [1] - The remaining securities lending volume is 406,900 shares, with a balance of 9.69 million yuan, also above the 90th percentile level over the past year [1] Company Profile - Yizhiming Co., Ltd. is located in Shunde High-tech Zone, Foshan, Guangdong, established on February 6, 2004, and listed on January 23, 2015 [1] - The company's main business includes the design, research and development, production, sales, and service of injection molding machines, die-casting machines, rubber machines, high-speed packaging systems, molds, and robotic automation systems [1] - The revenue composition is as follows: injection molding machines 70.41%, die-casting machines 20.26%, others 4.98%, and rubber injection machines 4.35% [1] Financial Performance - As of June 30, the number of Yizhiming shareholders was 30,200, a decrease of 4.63% from the previous period [2] - For the first half of 2025, Yizhiming achieved a revenue of 2.746 billion yuan, a year-on-year increase of 15.89%, and a net profit attributable to shareholders of 345 million yuan, up 15.15% year-on-year [2] - Since its A-share listing, Yizhiming has distributed a total of 1.192 billion yuan in dividends, with 578 million yuan distributed in the last three years [2] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 13.0982 million shares, a decrease of 1.8615 million shares from the previous period [2] - Guotou Securities Co., Ltd. is the fourth-largest circulating shareholder, holding 8.47 million shares, an increase of 4.185 million shares from the previous period [2] - Dongfanghong Vision Value Mixed A (010714) is the eighth-largest circulating shareholder, holding 5.0434 million shares as a new shareholder [2]

Core Viewpoint - The stock of Yizhiming has shown a significant increase in price and trading activity, indicating positive market sentiment and potential growth in the company's financial performance [1][2]. Financial Performance - As of June 30, Yizhiming reported a revenue of 2.746 billion yuan, representing a year-on-year growth of 15.89% [2]. - The net profit attributable to shareholders for the same period was 345 million yuan, reflecting a year-on-year increase of 15.15% [2]. - Cumulatively, the company has distributed 1.192 billion yuan in dividends since its A-share listing, with 578 million yuan distributed over the past three years [3]. Stock Performance - Yizhiming's stock price increased by 34.49% year-to-date, although it has experienced a decline of 4.15% over the last five trading days [1]. - The stock was trading at 26.32 yuan per share with a market capitalization of 12.333 billion yuan as of September 29 [1]. Shareholder Structure - The number of shareholders decreased by 4.63% to 30,200 as of June 30, with an average of 14,989 shares held per shareholder, an increase of 4.86% [2]. - Major shareholders include Hong Kong Central Clearing Limited and Guotou Securities, with changes in their holdings noted [3].

Group 1 - The company, Yizhiming (300415), primarily produces injection molding machines, die-casting machines, and rubber machines [1] - These products are utilized in the manufacturing of plastic structural components and aluminum-magnesium alloy structural components [1]

Group 1 - The core inquiry from investors is whether there has been significant procurement of equipment related to robots from Yizhiming (300415.SZ) this year [2] - Yizhiming stated that its main products include injection molding machines, die-casting machines, and rubber machines, which are used for producing plastic structural parts and aluminum-magnesium alloy structural parts [2]

Core Viewpoint - The company reported a strong performance in the first half of 2025, with revenue and net profit showing significant year-on-year growth, indicating resilience and growth potential in a challenging market environment [1][2]. Group 1: Financial Performance - In H1 2025, the company achieved revenue of 2.746 billion yuan, a year-on-year increase of 15.89%, and a net profit attributable to shareholders of 345 million yuan, up 15.15% year-on-year [1][2]. - In Q2 2025, the company recorded revenue of 1.559 billion yuan, reflecting a 10.20% year-on-year growth, and a net profit of 212 million yuan, which is a 15.70% increase year-on-year, aligning with market expectations [1][2]. Group 2: Business Segments - All three major business segments demonstrated double-digit growth: injection molding machines generated 1.932 billion yuan (up 13.09%), die-casting machines 556 million yuan (up 33.29%), and rubber machines 119 million yuan (up 23.85%) [2]. - The company has shown its ability to grow counter-cyclically, particularly since Q2 2023, despite a downturn in the domestic molding equipment industry [2]. Group 3: Profitability - The gross margin for H1 2025 was 31.08%, a decrease of 2.53 percentage points year-on-year, while the net margin was 12.90%, a slight decline of 0.01 percentage points [3]. - The decline in gross margin is attributed to changes in accounting policies and strategic decisions to enhance market share through cost-effective models [3]. Group 4: Strategic Developments - The company is leading in the layout of semi-solid magnesium alloy injection molding machines, which are expected to see increased demand in the electric vehicle and robotics sectors [4]. - The unique technology of semi-solid magnesium alloy allows for high-precision molding and reduced production risks, making it advantageous over traditional high-pressure die casting [4]. - A strategic partnership has been established with a well-known global automotive parts manufacturer, indicating potential for significant growth in this area [4]. Group 5: Future Outlook - The company maintains a positive outlook, projecting net profits of 735 million yuan, 854 million yuan, and 980 million yuan for 2025-2027, representing year-on-year growth rates of 21%, 16%, and 15% respectively [4].

Core Viewpoint - The stock of Yizhiming has shown a significant increase in price this year, with a year-to-date rise of 29.94% and notable gains over various trading periods, indicating strong market performance and investor interest [2]. Financial Performance - For the first half of 2025, Yizhiming achieved a revenue of 2.746 billion yuan, representing a year-on-year growth of 15.89%. The net profit attributable to shareholders was 345 million yuan, also reflecting a growth of 15.15% [2]. - Cumulatively, since its A-share listing, Yizhiming has distributed a total of 1.192 billion yuan in dividends, with 578 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 3, Yizhiming's stock price was 25.43 yuan per share, with a trading volume of 1.09 billion yuan and a turnover rate of 0.94%. The total market capitalization stood at 11.916 billion yuan [1]. - The stock has seen a net inflow of 5.4266 million yuan from main funds, with significant buying activity from large orders, indicating strong institutional interest [1]. Shareholder Structure - As of June 30, 2025, Yizhiming had 30,200 shareholders, a decrease of 4.63% from the previous period. The average number of circulating shares per shareholder increased by 4.86% to 14,989 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest, holding 13.0982 million shares, while Guotou Securities increased its holdings by 4.185 million shares [3].