投资者关系活动记录表 编号：2025008 | |  特定对象调研 |  分析师会议 | | --- | --- | --- | | 投资者关系 | □ 媒体采访 | □ 业绩说明会 | | 活动类别 | □ 新闻发布会 | □ 路演活动 | | |  现场参观 | | | |  其他（电话会议） | | | | 月 日） 美银美林（8 26 | 月 日） 民生证券（9 10 | | | 高盛证券（8 月 26 日） | 银华基金（9 月 11 日） | | | 月 日） 华福证券策略会（8 27 | 月 日） 贝莱德（9 15 | | | 大华继显（8 月 27 日） | 华泰证券（9 月 16 日） | | | 月 日） 摩根士丹利策略会（8 28 | 月 日） 信达证券（9 16 | | | 财通证券（8 月 29 日） | 工银瑞信（9 月 16 日） | | | 西部利得基金（9 月 日） 1 | 国金证券（9 月 日） 17 | | 参与单位名称 | 招商证券策略会（9 月 2 日） | 东北证券（9 月 17 日） | | 及人员姓名 | 申万宏源证券策略会（9 月 日） 3 | 新华资 ...

Financial Performance - The company reported a revenue of 76.13 billion yuan for the first half of 2025, representing a year-on-year increase of 19.79% [3] - The net profit attributable to shareholders decreased by 60.15% to 4.88 billion yuan compared to the same period last year [3] - The net profit after deducting non-recurring gains and losses increased by 18.44% to 2.61 billion yuan [3] - The basic and diluted earnings per share fell by 58.97% to 0.48 yuan [3] - The weighted average return on equity decreased to 2.92% from 7.95% year-on-year [3] Business Segments - The information industry equipment business achieved a revenue of 3.196 billion yuan, a year-on-year growth of 35.95% [1] - The consumer electronics equipment segment generated a revenue of 815 million yuan, showing growth [1] - The new energy equipment business reported a revenue of 961 million yuan, with a year-on-year increase of 38.15% [2] - The lithium battery equipment segment achieved a revenue of 923 million yuan, growing by 38.79% year-on-year [2] - The semiconductor equipment business saw a revenue decline of 20.76%, totaling 596 million yuan [4] Market Strategy - The company is actively participating in the R&D of leading clients, customizing equipment to meet AI hardware cooling and miniaturization needs [1] - The company is expanding its overseas production, R&D, and sales teams to capture supply chain diversification opportunities [1] - The company is deepening cooperation with major clients like CATL and actively expanding into overseas markets to enhance competitiveness [2] - The company has successfully developed and produced several first domestic devices in the display industry, breaking the import monopoly [4]

Core Insights - The company reported a total revenue of 14.771 billion yuan for 2024, a year-on-year increase of 4.83%, and a net profit attributable to shareholders of 1.694 billion yuan, up 106.52% year-on-year [1] - In Q1 2025, the company achieved a revenue of 2.944 billion yuan, a year-on-year increase of 10.84%, but the net profit dropped by 83.47% to 163 million yuan [1] - The company has a vertical integration capability in smart manufacturing equipment, providing comprehensive solutions from basic components to complete equipment and process solutions [1] Revenue Breakdown - The information industry equipment business generated 5.486 billion yuan in revenue for 2024, a growth of 43.73% [1] - The consumer electronics equipment business remained stable with a revenue of 2.143 billion yuan [1] - General industrial laser processing equipment revenue reached 5.971 billion yuan in 2024, growing by 7.64%, with high-power laser cutting equipment contributing 2.963 billion yuan, a 26.67% increase [4] Market Trends and Innovations - AI technology is driving innovation in the consumer electronics sector, with the company responding to customized demands by offering products like laser welding machines and automated assembly equipment [2] - The company is expanding its overseas production, research, and sales teams to capture market opportunities arising from the diversification of the consumer electronics supply chain [2] - The lithium battery equipment sector is shifting focus from domestic to international markets, with the company collaborating with major clients to enhance competitiveness [3] Product Development and R&D - The semiconductor equipment business remains stable, with new product developments such as SiC crystal ingot laser debonding machines and laser de-bonding equipment receiving formal orders from major clients [3] - The company has successfully developed various new devices, including the fourth-generation semiconductor diamond laser debonding technology, filling a domestic technology gap [3] - The company launched the world's first 150KW ultra-high power cutting machine, enhancing its market presence in high-end applications [4] Future Outlook - The company is projected to achieve net profits of 1.699 billion yuan, 2.069 billion yuan, and 2.503 billion yuan from 2025 to 2027, with corresponding EPS of 1.61, 1.97, and 2.38 yuan [5] - The company is positioned as a leading provider of smart manufacturing equipment and solutions, with a strong vertical integration advantage [5]