央视网消息："十五五"规划建议提出，未来五年，我国科技自立自强水平大幅提高，基础研究和原始创新能力显著增强，重点领域关键核心技 术快速突破。如今，这份蓝图正在基层转化为生动实践。 在苏州高新区，记者见到了一家专门研究空气的企业。 这个台子上摆的是一个1000多公斤重的大铁块，也就是一吨多重，用手的力量完全推不动。但是空气的力量有多神奇？工作人员把这个气浮装 置打开，打开之后，这个一吨多重的大家伙就悬浮在了台子上，用手轻轻一推它就能够非常轻松平稳地运动起来。 空气悬浮的神奇之处远不止于此。除了"撬动"重物，它还能让物体在近乎无摩擦的状态下实现丝滑运动，这在工业领域有着不可替代的价值。 一件物品的运动可以有多丝滑？我们在这家公司的产品中找到了答案。这个看上去平平无奇的板子叫气浮板，它可以利用空气动力学的原理， 让物品在上面非常丝滑地运动。比如把手机放在这上面，手机几乎在没有摩擦的情况下，非常平稳地在这个板子上滑动。这项技术能广泛应用 于多个工业领域，最大程度减少摩擦损耗。 由于气体黏性系数小，气体轴承可以广泛应用在高度低摩擦、高精密、特殊高低温等极端工况下。比如公司研发的气浮主轴，就是芯片晶圆研 磨环节的关键部件 ...

Summary of Conference Call for Chongde Technology Company Overview - **Company**: Chongde Technology - **Industry**: Nuclear Power, Industrial Services, Wind Power, Oil and Gas, Marine Industry Key Points and Arguments 1. **Gross Margin and Orders**: The company's gross margin slightly decreased in Q1 2025 due to delays in high-margin nuclear power product deliveries, but is expected to stabilize and rise throughout the year. Current orders have increased by over 40% since the beginning of the year, with international orders up nearly 70% and export orders up 80%, indicating strong growth momentum [2][3][6]. 2. **Nuclear Power Projects**: New nuclear power projects have commenced, and the company has passed domestic localization audits to secure bulk orders. The revenue recognition cycle for these projects typically spans three years, with significant revenue expected in 2025 and 2026, as approximately 100 million yuan in orders are concentrated for delivery this year and next [2][7][10]. 3. **Transformation of Rolling Bearing Business**: The company is shifting its focus away from rolling bearings to industrial services, expanding its market presence nationwide and providing aftermarket solutions. The performance of the rolling bearing business was significantly impacted last year due to this transition and challenges in the wind power sector [2][8]. 4. **Market Share in Nuclear Power**: The value of the company's sliding bearings in nuclear power units is estimated between 20 million to 30 million yuan, capturing a significant share of the domestic main pump bearing market. The company faces little competition in the turbine sector, fulfilling most of the demand [2][9]. 5. **Cash Flow Changes**: The change in the company's operating cash flow in Q1 2025 was primarily due to a shift in payment methods and the cancellation of credit by SKF, necessitating cash payments for procurement. Accounts receivable and notes increased, but overall financial health remains stable [2][11][12]. 6. **Share Buyback and Incentives**: The company plans to implement a share buyback for equity incentives and is developing a mechanism for this. Expected revenue growth for 2025 is around 30%, with profit growth projected between 15% to 20%, considering strategic investments [2][6][13][14]. 7. **Future Business Development**: The company anticipates positive trends in business development, with a 40% increase in current orders compared to the end of 2024. The nuclear power sector is entering a new project phase, and the wind power market is expected to expand significantly this year [2][7]. 8. **International Market Strategy**: The company is accelerating its internationalization through local agencies and acquisitions, with overseas revenue accounting for 35% to 40% of total income. The impact of North American trade tensions has been minimal, as the company primarily uses domestic materials [2][6][20][21]. 9. **Acquisition Plans**: The company has ongoing acquisition strategies, particularly in the high-speed motor sector, and is exploring opportunities in artificial intelligence and robotics, focusing on precision machining technology [2][22][23]. 10. **Dividends and Shareholder Returns**: The company plans to maintain a dividend payout ratio of 30% to 40% of annual net profit [2][24]. 11. **Domestic Market Localization**: The current localization rate is approximately 60% to 70% in the supporting market, with a strong demand for further localization in high-end equipment [2][26]. 12. **Revenue Growth Expectations**: The company aims to double its revenue in the next two to three years, with significant growth anticipated in new industries such as wind power bearings and high-speed motors [2][28][29]. Additional Important Information - The company is focusing on providing solutions in the aftermarket and enhancing its competitive edge through product differentiation and high-quality offerings [2][16][17]. - The verification process for bearings in various industries can take 3 to 5 years, which is longer compared to other basic components [2][18]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic direction, market performance, and future growth prospects.