编号：2025-013 |  投资者关系 | 特定对象调研 □分析师会议 □媒体采访 | | --- | --- | | 活动类别 | 业绩说明会 □新闻发布会 □路演活动 | | | □现场参观 □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 东北证券董军男，西部证券张艺杰，财通证券邵沙锞，景商投资张可， | | 人员姓名 | 坤徽投资陈彦宁，浦泓投资吴敏，玖石投资黄润，朴拙资本苗天一， | | | 通乾投资朱灵。 | | 时 间 | 2025 年 9 月 3 日 9:00—10:00 | | 地 点 | 上海凯宾斯基大酒店 | | 上市公司 | 董事会秘书：何寅、证券事务代表：颜希勇 | | 接待人员姓名 | | | | 公司于 9 月 3 日 9:00—10:00 参加东北证券策略会，并就投资者 | | | 关注的问题进行了回复。主要问题和回复如下： | | | 1、请介绍下公司 2025 年半年度的基本情况。 | | | 公司主营业务为自润滑轴承及高性能聚合物的研发、生产及销售，主 | | | 要产品为自润滑轴承、高性能改性工程塑料及氟塑料制品等产品。公 | | | 司产品广泛应用 ...

Group 1: Company Overview - The company specializes in the research, production, and sales of self-lubricating bearings and high-performance polymers, with major products including self-lubricating bearings and modified engineering plastics [2][3] - The automotive industry generates the highest revenue for the company, accounting for approximately 80% of total revenue when combined with the engineering machinery sector [3] Group 2: Product Applications - Self-lubricating bearings are widely used in various industries, including automotive, engineering machinery, robotics, energy, and agriculture [2] - In the automotive sector, each vehicle utilizes over 100 self-lubricating bearings, primarily in seats, hinges, steering systems, and shock absorbers [2] Group 3: Research and Development - The company is recognized as a national high-tech enterprise and has been awarded the title of "Little Giant" for specialized and innovative enterprises [4] - As of March 31, 2025, the company holds 126 valid authorized patents, including 6 international invention patents and 43 domestic invention patents [4] Group 4: Material Technology - The company has developed industry-leading core technologies in self-lubricating materials, including material formulation and surface composite technology [5][6] - Various polymer materials are utilized based on application scenarios, including PTFE, PI, PEEK, PAI, PBI, and POM, as well as solid lubricants like graphite [5][6] Group 5: Robotics Applications - The company’s products in robotics include joint bearings and sliding bearings, with research focusing on linear actuators and lightweight designs [7] - Self-lubricating bearings provide advantages in robotics, such as high load capacity, impact absorption, and maintenance-free operation [7][8]

Revenue Distribution - The automotive and engineering machinery sectors account for approximately 80% of the company's total revenue, with the automotive sector showing continuous growth and surpassing the engineering machinery sector in revenue contribution [2] - The top five customers contributed 18.49% to the company's revenue in 2024, indicating a diversified customer base without reliance on a single client [2] Capacity Utilization - The company's current capacity utilization is at a normal level, with sufficient flexibility to meet the growing demands in the automotive and robotics sectors [2] Competitive Landscape - The company positions itself in the mid-to-high-end market, facing competition from major players such as Saint-Gobain, GGB, and DaTong, while maintaining a comprehensive product system and superior product quality [3] Risk Management - The company does not engage in hedging strategies for raw material price fluctuations but has implemented a pricing mechanism that links product sales prices to raw material costs to mitigate price volatility [3] - Plans to enhance core technological innovation capabilities through increased R&D investment and optimization of product structure are in place to improve profitability [3] Product Advantages in Robotics - The company specializes in self-lubricating bearings, with products designed to meet the demands of impact resistance, maintenance-free operation, lightweight, low cost, low noise, and long lifespan, primarily used in robot joints, wrists, and ankles [3]