这两年的投入与磨合，基于公司在散热模块领域有技术沉淀，未来公司在考虑 该领域零部件的投入。公司会跟进客户每一代新产品的测试需求，陆续开始批 量交付相关液冷测试设备。 在汽车电子领域，公司汽车电子业务经过两三年的市场开拓，营收占比从 5%左右提升至今年的 20%，呈现高增长态势。汽车电子业务应用场景较多，公 司围绕汽车摄像头、车载屏、雷达等电子部件研发和供应商检测和组装设备。 下游客户订单主要是 B 客户，得益于 B 客户智驾系统的升级，车载摄像头的增 加，对于检测及组装设备的需求也相应增加，另外公司其他业务如射频测试、 ICT/功能测试在汽车电子领域也可导入。而与 T 客户的合作从两三年开始，当 前瞄准自动驾驶领域。当前公司在服务北美大客户上，有前端工程师团队和售 前团队在美国与其一线研发部门/实验室进行对齐。 证券代码：002975 证券简称：博杰股份 珠海博杰电子股份有限公司投资者关系活动记录表 编号：2025-012 | √特定对象调研 | □分析师会议 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | □媒体采访 | □ ...

Group 1: Company Transformation and Growth - The company has transitioned from traditional 3C testing equipment to intelligent manufacturing, expanding into server and automotive electronics, achieving recognition from high-profile overseas clients for its technological capabilities and operational management [2][3]. - The automotive electronics business has seen significant growth, with revenue share increasing from approximately 5% to 20% over the past two to three years, indicating a strong upward trend [3][4]. Group 2: AI Server Testing Solutions - The company has updated its AI server testing solutions, incorporating liquid cooling technology in response to client demands for enhanced thermal management, which is crucial as product power requirements increase [3][4]. - Anticipated revenue from AI server testing equipment is expected to remain optimistic, with significant capital expenditure forecasts from North American clients [4][5]. Group 3: Research and Development Investment - The company has completed high R&D investments in previous years and is now entering a harvest phase, maintaining stable future R&D expenditures [5][6]. - The gross margin for server-related equipment is favorable, and as production scales, the cost structure is expected to improve, contributing to overall margin enhancement [5][6]. Group 4: Liquid Cooling Technology - The company has developed proprietary liquid cooling modules using microchannel technology to meet high-power application needs, which are now successfully integrated into testing equipment [5][6]. - The shift towards liquid cooling solutions is driven by increasing power demands from client products, positioning the company favorably within the industry [5][6]. Group 5: Robotics and Precision Manufacturing - The company is exploring opportunities in robotics, having invested in a robotics company and is actively engaging in the development of robotic components [6][7]. - The company possesses technical expertise in precision machining, which aligns with its strategic direction in the robotics sector [7].