证券研究报告 远航精密(833914.BJ) 投资评级： 增持（维持） ——2025H1 扣非归母净利润 yoy+16%，子公司黑悟空、阿凡达拓宽领域纵深 电力设备 | 电池 北交所|公司点评报告 hyzqdatemark 2025 年 08 月 25 日 证券分析师 赵昊 SAC：S1350524110004 zhaohao@huayuanstock.com 万枭 SAC：S1350524100001 wanxiao@huayuanstock.com 市场表现： | 基本数据 | | | 年 | 08 | 月 21 日 | 2025 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | 36.70 | | | | | 年 / 低 | | 高 | | | | | 最 | 一 | | （元） | | | | | | | | | | 总市值（百万元） | | | | | 3,670.00 | | | | | 流通市值（百万元） | | | | | 3,670.00 | | | | | 总股本（百万股） | ...

Group 1: Investor Relations Activities - The company conducted specific investor research and on-site visits from July 7 to July 8, 2025 [3] - Attendees included representatives from various investment firms such as Taikang Life Fund, Guojin Securities, and Southern Fund [3] Group 2: Business Overview - The company's precision structural components are primarily used in battery module and PACK component manufacturing, focusing on lithium battery applications [4] - Products are categorized into nickel and non-nickel structural components, serving sectors like consumer electronics, power, and energy storage [4] Group 3: Customer Base - The main customers for the company's thermal protection components (TCO) include Lenovo and Dell, with supply chains involving partners like Zhuhai Guanyu and CATL [5] Group 4: Industry Standards and Tax Benefits - The company participated in the formulation of the national standard "GB/T 2072-2020" for nickel and nickel alloy strips and foils [6] - Recognized as a national-level "specialized, refined, distinctive, and innovative" enterprise, the company benefits from a reduced corporate income tax rate of 15% [6]