Group 1 - The company, Aerospace Intelligence, confirmed that its smart cockpit products, including ambient lights, electric air outlets, and sliding sub-instruments, have achieved mass sales [1] - The company's oil and gas equipment business and high-performance functional materials business involve product exports, while the automotive parts business currently has no direct exports [1] - In the future, the company plans to seize relevant opportunities based on its own development and market conditions [1]

Core Viewpoint - The company has restructured its operations to focus on three main business segments: automotive interior and exterior parts design and manufacturing, oil and gas equipment and engineering, and high-performance materials research and application [1] Group 1: Automotive Business - The automotive parts segment is performing well due to continuous growth in automobile sales, benefiting from the company's scale advantages, customer resources, technological accumulation, and cost control capabilities [1] - The revenue contribution from the automotive parts segment has increased, providing a solid foundation for the company's development [1] Group 2: Future Growth Areas - The company plans to concentrate resources on accelerating the development of oil and gas equipment and high-performance functional materials, actively cultivating new growth points [1] Group 3: Corporate Background - The company's controlling shareholder is Aerospace Seventh Academy, which is part of the Aerospace Science and Technology Group, inheriting the excellent genes of the aerospace industry [1] - The company is committed to promoting the application of aerospace technology in civilian industries while widely applying intelligent technology to upgrade and transform existing main businesses, driving automation and unmanned production [1]

证券日报网讯航天智造（300446）9月30日在互动平台回答投资者提问时表示，在主业发展方面，公司 将继续加强技术创新，提高产品附加值，实施降本增效，提升公司经营质量。汽车内外饰件领域聚焦新 能源汽车智能化、网联化趋势，实现汽车内外饰、智慧座舱等方面的创新和迭代；油气装备领域聚焦国 家能源安全战略，加快军品业务开发，不断巩固行业领先地位，促进融合发展；新材料领域聚焦国产化 替代和转型升级，打造细分领域的隐形冠军。 ...

Core Viewpoint - SANY International (00631) has seen a stock price increase of over 6%, currently trading at 7.53 HKD with a transaction volume of 130 million HKD, driven by strong performance in overseas markets and new business segments [1] Group 1: Business Performance - Despite domestic mining business challenges due to coal production restrictions, overseas products like electric wheel loaders continue to grow well [1] - The company has experienced rapid growth in oil and gas equipment and emerging businesses, with sufficient orders in new sectors such as silicon energy and intelligent mining [1] - The gross margins for port machinery and oil and gas equipment have improved, indicating effective cost control and enhanced operational quality [1] Group 2: Market Outlook - SANY International is a leading manufacturer of heavy equipment such as mining and port machinery in China, actively engaging in new industries like silicon energy, lithium energy, hydrogen energy, and intelligent driving [1] - The company is expected to see continued growth in performance due to global port expansion and automation upgrades, steady demand for mining machinery, and narrowing losses in emerging sectors [1]

Core Viewpoint - SANY International (00631) has seen a stock price increase of over 6%, currently trading at 7.53 HKD with a transaction volume of 130 million HKD, indicating positive market sentiment towards the company [1] Group 1: Company Performance - Despite domestic mining operations being impacted by coal production restrictions, SANY's overseas products, such as electric wheel loaders, continue to show strong growth [1] - The company has experienced significant growth in oil and gas equipment and emerging businesses, with substantial orders in new sectors like silicon energy and intelligent mining [1] - The gross margins for both large and small port machinery and oil and gas equipment have improved, reflecting effective cost control and enhanced operational quality [1] Group 2: Industry Outlook - SANY International is recognized as a leading manufacturer of heavy equipment, including mining and port machinery, and is actively engaging in emerging industries such as silicon energy, lithium energy, hydrogen energy, and intelligent driving [1] - The company is expected to benefit from global port expansion and automation upgrades, alongside steady growth in mining machinery demand, which will likely contribute to sustained performance growth [1]

证券代码：300446 证券简称：航天智造 公告编号：2025-064 航天智造科技股份有限公司 投资者关系活动记录表 | | ☐ 特定对象调研 ☐ 分析师会议 | | | --- | --- | --- | | | 媒体采访 业绩说明会 ☐ | | | 投资者关系活动类别 | 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） | | | 形式 | ☐ 现场 网上 | ☐ 电话会议 | | 参与人员 | 线上参与公司2025年半年度业绩说明会的投资者 | | | 时间 | 2025年09月02日 15:00-17:00 | | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | | 董事长 罗传光 | | | 上市公司接待人员姓名 | 总经理 彭建清 | | | | 副总经理兼董事会秘书 徐万彬 | | | | 独立董事 邹华维 | | | 投资者关系活动主要 | 1.为什么大盘涨，航天智造原点踏步，为什么 答:您好，公司股价走势既受到宏观经济环境、行业 | | | | 政策、市场情绪和大盘走势的整 ...

Core Viewpoint - SANY International (00631) reported a significant increase in revenue and profit for the six months ending June 30, 2025, driven by its global, digital, and low-carbon strategies [1] Financial Performance - The company achieved a revenue of RMB 12.237 billion, representing a year-on-year increase of 13.76% [1] - Gross profit reached RMB 2.899 billion, up 10.4% year-on-year [1] - Profit attributable to the parent company was RMB 1.294 billion, marking a 25.33% increase compared to the previous year [1] - Basic earnings per share stood at RMB 0.39 [1] Strategic Developments - Revenue growth was primarily attributed to the implementation of global, digital, and low-carbon strategies, leading to significant increases in revenue from large port machinery, oil and gas equipment, and emerging industries [1] - The acquisition of lithium energy business completed on July 22, 2024, provided a new source of revenue [1] International Expansion - The company is steadily advancing its globalization efforts, with international revenue reaching RMB 4.019 billion, a year-on-year growth of 5.4% [1] - The rapid development of the second growth curve from emerging industries is contributing to new profit growth points [1]

Core Insights - SANY International (00631) reported a revenue of RMB 12.237 billion for the six months ending June 30, 2025, representing a year-on-year increase of 13.76% [1] - Gross profit reached RMB 2.899 billion, up 10.4% year-on-year, while profit attributable to shareholders increased by 25.33% to RMB 1.294 billion, with basic earnings per share at RMB 0.39 [1] - The revenue growth was primarily driven by the company's implementation of globalization, digitalization, and low-carbon strategies, leading to significant increases in revenue from large port machinery, oil and gas equipment, emerging industries, and overseas sales of mining trucks [1] Revenue Breakdown - International revenue for the first half of 2025 was RMB 4.019 billion, reflecting a year-on-year growth of 5.4% [1] - The acquisition of lithium energy business completed on July 22, 2024, contributed to new revenue streams for the company [1] - The rapid development of the second growth curve from emerging industries provided new profit growth points [1]

Core Viewpoint - Kexin Electromechanical reported a decline in both revenue and net profit for the first half of 2025, indicating short-term pressure on performance [1] Financial Performance - The company achieved revenue of approximately 592 million yuan, a year-on-year decrease of 17.26% - Net profit attributable to shareholders was approximately 52.2 million yuan, down 46.18% - The net profit after deducting non-recurring items was about 48.4 million yuan, a decline of 48.04% [1][2] Reasons for Decline - Three main reasons were cited for the decline in revenue and net profit: 1. Delays in external technical inputs affected production schedules, impacting normal output 2. Changes in product structure, with more complex equipment leading to increased manufacturing time 3. Slow recovery of accounts receivable due to delays in customer project construction and operations, resulting in increased credit impairment provisions [2] Credit Impairment and Product Performance - Credit impairment losses increased by 147.76% to approximately 35.2 million yuan - Revenue from natural gas chemical equipment decreased by 15.68% to about 200 million yuan, with a significant drop in gross margin - Revenue from new energy high-end equipment and coal chemical equipment fell by 86.19% and 81.43% to 3.4 million yuan and 0.8 million yuan, respectively - Conversely, revenue from petroleum refining equipment surged by 182.94% to 300 million yuan, with an increase in gross margin [3][4] Cash Flow and R&D - The net cash flow from operating activities improved significantly, with a net outflow of 19.5 million yuan, an improvement of 58.35% compared to the previous year - The company completed 10 internal R&D projects, applied for 4 patents, and obtained 3 authorized patents, totaling 56 patents by the end of the reporting period [5] Shareholder Changes - Four new major shareholders entered during the reporting period, while two existing shareholders reduced their holdings - The new shareholders collectively held approximately 3.3 million shares, while the two reducing shareholders sold a total of 809,000 shares [6]

Group 1 - The provincial government emphasizes the importance of stabilizing growth, enhancing innovation, and improving quality and efficiency to promote high-quality economic and social development [2][4] - Companies are encouraged to increase R&D investment, improve process levels, and strengthen industry chain cooperation to meet growing market demands [3] - The government is focusing on accelerating project construction in the new energy sector while ensuring quality and safety, particularly in the green lithium battery industry [3] Group 2 - The economic performance in Dongying has shown a steady improvement this year, with a focus on leveraging development opportunities and enhancing internal demand [4] - There is a strong push for building a modern industrial system, deepening reforms, expanding openness, and achieving breakthroughs in green and low-carbon transformation [4] - The government is also addressing the need for effective risk prevention and mitigation in key areas while ensuring the improvement of people's livelihoods [4]