证券日报网讯12月18日，泰嘉股份（002843）在互动平台回答投资者提问时表示，双金属带锯条、硬质 合金带锯条是切割加工必备的高效刀具，被誉为"工匠之手"，其属于金属切割加工企业的易耗品，具有 切割精度高、切割断面质量好、切割效率高等特点，广泛应用于航空航天、轨道交通、汽车制造、大型 锻造、工程机械、风电、钢铁冶金、模具加工等各个制造领域。公司电源业务包括消费电子电源业务和 大功率电源业务。消费电子电源业务主要包括用于给手机、智能穿戴设备、智能家居等智能终端产品充 电的电源。大功率电源业务主要包括新能源智能光伏/储能电源，另包含一部分数据中心电源、站点能 源电源业务。公司暂未涉及航天电源业务。 ...

格隆汇12月18日丨泰嘉股份(002843.SZ)在投资者互动平台表示，双金属带锯条、硬质合金带锯条是切 割加工必备的高效刀具， 被喻为"工匠之手"，其属于金属切割加工企业的易耗品，具有切割精度高、 切割断面质量好、切割效率高等特点，广泛应用于航空航天、轨道交通、 汽车制造、大型锻造、工程 机械、风电、钢铁冶金、模具加工等各个制造领域。终端用户多，单个客户采购频次高，但单次采购量 不大，因此公司锯切业务销售模式以经销商渠道为主、直销与网络销售为辅。 公司电源业务包括消费 电子电源业务和大功率电源业务。消费电子电源业务主要包括用于给手机、智能穿戴设备、智能家居等 智能终端产品充电的电源。大功率电源业务主要包括新能源智能光伏/储能电源，另包含一部分数据中 心电源、站点能源电源业务。公司暂未涉及航天电源业务。 ...

每经AI快讯，有投资者在投资者互动平台提问：针对商业航天这个赛道，公司后续有无进一步的业务 拓展规划？ （记者 王瀚黎） 泰嘉股份（002843.SZ）12月18日在投资者互动平台表示，双金属带锯条、硬质合金带锯条是切割加工 必备的高效刀具， 被喻为"工匠之手"，其属于金属切割加工企业的易耗品，广泛应用于航空航天、轨 道交通、 汽车制造、大型锻造、工程机械、风电、钢铁冶金、模具加工等各个制造领域。终端用户 多，单个客户采购频次高，但单次采购量不大，因此公司锯切业务销售模式以经销商渠道为主、直销与 网络销售为辅，因此公司暂无所述领域的销售数据统计。 公司电源业务包括消费电子电源业务和大功 率电源业务。消费电子电源业务主要包括用于给手机、智能穿戴设备、智能家居等智能终端产品充电的 电源。大功率电源业务主要包括新能源智能光伏/储能电源，另包含一部分数据中心电源、站点能源电 源业务。公司暂未涉及航天电源业务。 ...

Core Insights - Tai Jia Co., Ltd. is a leading enterprise in the domestic bimetal band saw blade industry, established in October 2003 and listed on the Shenzhen Stock Exchange in January 2017 [1] - The company specializes in the research, production, and sales of bimetal band saw blades and related products, with advanced production technology and a rich product line [1] Financial Performance - For Q3 2025, Tai Jia reported revenue of 1.144 billion yuan, ranking 32nd among 82 companies in the industry, with the industry leader, Zhongji Group, generating 117.061 billion yuan [2] - The main business segments include bimetal band saw blades, contributing 338 million yuan (44.58% of revenue), and consumer electronics power supplies, contributing 331 million yuan (43.69% of revenue) [2] - The net profit for the same period was 57.6344 million yuan, ranking 37th in the industry, with the industry leader, Zhongji Group, reporting a net profit of 2.395 billion yuan [2] Financial Ratios - As of Q3 2025, Tai Jia's debt-to-asset ratio was 43.22%, higher than the industry average of 39.81%, but down from 45.57% in the previous year [3] - The gross profit margin was 19.00%, below the industry average of 22.64%, but an improvement from 16.65% in the same period last year [3] Executive Compensation - The chairman, Fang Hong, received a salary of 1.1252 million yuan in 2024, a decrease of 67,200 yuan from 2023 [4] - The president, Xie Yingbo, earned 960,700 yuan in 2024, down 51,700 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 8.73% to 32,100 [5] - The average number of circulating A-shares held per shareholder decreased by 8.03% to 7,811.64 [5] - Hong Kong Central Clearing Limited became the fourth-largest circulating shareholder with 2.4063 million shares, while E Fund Supply-side Reform Mixed Fund and Shanghai Securities Co., Ltd. exited the top ten circulating shareholders [5]

Core Viewpoint - Tai Jia Co., Ltd. has shown a significant increase in stock price, indicating positive market sentiment and potential investment interest [1] Group 1: Company Overview - Tai Jia Co., Ltd. is located in Changsha, Hunan Province, and was established on October 23, 2003, with its listing date on January 20, 2017 [1] - The company specializes in the research, production, and sales of bimetal band saw blades and related products [1] - The main revenue composition includes: bimetal band saw blades (44.58%), consumer electronics power supplies (43.69%), high-power power supplies (8.71%), other saw cutting products (1.45%), other power supplies (1.22%), and bimetal composite steel strips (0.36%) [1] Group 2: Stock Performance - On September 11, Tai Jia Co., Ltd. saw a stock price increase of 5.29%, reaching 23.08 CNY per share, with a trading volume of 199 million CNY and a turnover rate of 3.54% [1] - The total market capitalization of the company is 5.81 billion CNY [1] Group 3: Shareholder Information - E Fund's Supply-side Reform Mixed Fund (002910) has entered the top ten circulating shareholders of Tai Jia Co., Ltd., holding 2.49 million shares, which is 0.99% of the circulating shares [2] - The fund has generated an estimated floating profit of approximately 2.89 million CNY today [2] - The fund was established on January 25, 2017, with a current scale of 4.06 billion CNY and has achieved a year-to-date return of 15.08% [2]

Company Overview - Hunan Taijia New Material Technology Co., Ltd. is located in Changsha, Hunan Province, established on October 23, 2003, and listed on January 20, 2017. The company specializes in the research, production, and sales of bimetal band saw blades and related products [1]. Business Composition - The main business revenue composition is as follows: - Bimetal band saw blades: 44.58% - Consumer electronics power supplies: 43.69% - High-power power supplies: 8.71% - Other cutting products: 1.45% - Other power supplies: 1.22% - Bimetal composite steel strips: 0.36% [1]. Stock Performance - On August 29, Taijia shares fell by 5.07%, trading at 24.53 CNY per share, with a transaction volume of 311 million CNY and a turnover rate of 4.98%. The total market capitalization is 6.175 billion CNY [1]. Major Shareholders - Among the top ten circulating shareholders, one fund from E Fund Management, E Fund Supply-side Reform Mixed Fund (002910), entered the list in the second quarter, holding 2.4912 million shares, accounting for 0.99% of circulating shares. The estimated floating loss today is approximately 3.2635 million CNY [2]. Fund Performance - E Fund Supply-side Reform Mixed Fund (002910) was established on January 25, 2017, with a latest scale of 4.056 billion CNY. Year-to-date return is 20.27%, ranking 3759 out of 8189 in its category; the one-year return is 47.31%, ranking 2788 out of 7969; and since inception, the return is 199.44% [2]. Fund Management - The fund manager of E Fund Supply-side Reform Mixed Fund is Yang Zongchang, who has been in the position for 6 years and 131 days. The total asset scale of the fund is 4.097 billion CNY, with the best fund return during his tenure being 229.02% and the worst being -17% [3].

Revenue and Profit - The total operating revenue for the company in the first half of 2025 was 759 million yuan, a year-on-year decrease of 11.96% [2] - The net profit attributable to shareholders was 40.63 million yuan, down 25.34% year-on-year, while the net profit excluding non-recurring items was 37.82 million yuan, a decline of 31.24% [2] - In Q2, the operating revenue was 404 million yuan, a decrease of 3.42% year-on-year, but the net profit attributable to shareholders increased by 14.49% to 25.66 million yuan [2] Accounts Receivable and Cash Flow - The accounts receivable amounted to 433 million yuan, representing a year-on-year increase of 2.69%, and accounted for 858.76% of the latest annual net profit [3] - The operating cash flow per share was 0.37 yuan, down 36.10% year-on-year [3] Profitability and Expense Control - The gross profit margin was 18.54%, an increase of 4.52% year-on-year, while the net profit margin was 5.34%, a decrease of 5.57% [4] - Total selling, administrative, and financial expenses amounted to 66.96 million yuan, accounting for 8.83% of revenue, an increase of 11.37% year-on-year [4] - The earnings per share were 0.16 yuan, down 27.27% year-on-year, while the net asset per share was 5.55 yuan, an increase of 1.03% [4] Main Business Performance - The sawing business generated revenue of 351.95 million yuan, a year-on-year increase of 4.77%, with a gross profit margin of 42.79% [5] - The revenue from the power supply business was 406.76 million yuan, a year-on-year decrease of 22.64%, with a gross profit margin of -0.17% [6] Cash Flow from Operating Activities - The net cash flow from operating activities decreased by 36.38% year-on-year, primarily due to a decline in revenue from the consumer electronics segment of the power supply business [7] Investment and Financing Activities - The net cash flow from investing activities increased by 92.82% year-on-year, mainly due to net cash management income exceeding the previous year [8] - The net cash flow from financing activities increased by 70.85% year-on-year, attributed to payments for minority equity acquisitions in the previous year [8] Development Review and Outlook - The company has been focused on the sawing industry for over 20 years, with its main product being bimetal band saw blades, ranking first in domestic sales and among the top three globally [9] - In September 2022, the company entered the consumer electronics power supply business and expanded into high-power supply, establishing a dual-main business development pattern of "sawing + power supply" [9]

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, primarily due to challenges in the consumer electronics sector and adjustments in customer order structures. The company aims to enhance operational efficiency and maintain growth in its cutting and power supply businesses through strategic adjustments and innovation [21][23][24]. Financial Performance - The company's revenue for the first half of 2025 was approximately 758.70 million yuan, a decrease of 11.96% compared to the same period last year [27]. - The net profit attributable to shareholders was approximately 37.82 million yuan, down 31.24% year-on-year [27]. - The basic earnings per share decreased by 27.27% to 0.16 yuan [27]. Business Segments Cutting Business - The cutting business generated revenue of approximately 351.95 million yuan, an increase of 4.77% year-on-year, with export sales reaching approximately 101.95 million yuan, up 1.58% [21][22]. - The company is a leading player in the cutting industry, focusing on bi-metal band saw blades, which are essential tools for metal cutting and are widely used across various manufacturing sectors [6][10][16]. - The company has established a comprehensive service system for cutting solutions, covering research, production, sales, and after-sales services [8][10]. Power Supply Business - The power supply business reported revenue of approximately 331.47 million yuan, a decline of 23.27% year-on-year, attributed to increased competition and weak market demand [23]. - The company has been expanding its product offerings in the power supply sector, including consumer electronics power supplies and renewable energy solutions [11][18]. - The company has established strong relationships with leading global brands, enhancing its market position in the power supply industry [13][17]. Strategic Initiatives - The company is focusing on enhancing product quality and operational efficiency through innovation and process optimization [22][24]. - It aims to strengthen its market presence by expanding its international footprint and improving customer relationships [15][21]. - The company is committed to investing in research and development to maintain its competitive edge in both the cutting and power supply sectors [19][26].