02 高端对话汉威观点 展会首日，中国（国际）测量控制与仪器仪表产业大会主论坛在长沙国际会展中心举行，汉威科技集团董事长任红军等多位行业专家受邀作为主论坛高端对 话环节嘉宾参与对话，共同围绕"制造业如何把握内外部挑战和机遇"主题进行深入探讨。 汉威科技集团董事长任红军表示，在社会发展、科技进步与国家战略导向的背景下，传感器与仪表行业迎来巨大机遇，应用场景从传统工业领域不断扩展到 新能源 、生物制药等新兴领域。传感器与仪表本身也正在从单一产品向成套化检测装置演变，并与AI、 边缘计算 等技术紧密结合，迸发出更多新需求。但 是国内企业也面临诸多挑战，需要行业学会等平台作为桥梁，助力企业协同创新，促进行业创新生态构建。 8月13日，由中国 仪器仪表 学会主办的第33届中国国际测量控制与仪器仪表展览会（多国仪器仪表展，MICONEX 2025）于湖南长沙国际会展中心隆重开 幕。 汉威科技 本次在主展位（A区A2091）、 传感器 展位（A区A2131）两大展区，带来了多系列高端智能仪器仪表方案以及先进传感器产品矩阵。 01 他还强调，我国有着庞大的工业体量和制造总量，可借助国家和行业力量，结合行业场景和专家系统，发展 ...

Group 1 - *ST Weir plans to acquire 51% of Zijiang New Materials for 546 million yuan, entering the lithium battery materials sector [1][2] - The actual controllers of *ST Weir, Zijiang Enterprises, and Zijiang New Materials are the same, raising concerns about governance [1][2] - Zijiang New Materials has faced fundamental issues, including product singularity and declining profitability, leading to a failed IPO attempt [4][5] Group 2 - Zijiang New Materials' main product is aluminum-plastic composite film for soft-pack lithium batteries, used in various applications [3] - The company has shown a decline in R&D spending and has several financial irregularities, raising regulatory concerns [4] - Financial projections indicate a significant drop in net profit from 119 million yuan in 2022 to 54 million yuan in 2024, with a continuous decline in gross margin [5][7] Group 3 - *ST Weir is on the brink of delisting due to poor performance and new delisting regulations, with a net profit of -17.06 million yuan in 2023 [9][11] - The acquisition is seen as a maneuver to save *ST Weir from delisting, with asset transfers orchestrated by the controller [12][14] - Different shareholder responses to the acquisition highlight market skepticism, with Ningde New Energy opting to exit while BYD remains invested [13]

Group 1: Report Overview - The report is about a research on New Tian Technology in the instrument and meter industry on May 22, 2025 [1][2][17] Group 2: Research Details 1. Basic Research Information - Research object: New Tian Technology [17] - Industry: Instrument and meter [17] - Reception time: 2025 - 05 - 22 [17] - Company reception staff: Board Secretary Yang Dongling and Financial Controller Xu Wenliang [17] 2. Detailed Research Institutions - The reception objects include investors' online questions and others [20] 3. Investor Questions and Company Responses - **Dividend and rights confirmation**: The specific implementation of the company's 2024 annual equity distribution will be announced later [24] - **Market value management**: The company has not formulated a market value management system but has an investor - relations management department [24] - **Photovoltaic inverter R & D**: The photovoltaic inverter product is still in the R & D stage [24] - **Market share decline**: The company optimized its customer structure to manage cash - flow and reduce the risk of non - recovery of accounts receivable [25] - **Stock repurchase**: The company has implemented share repurchases in the past [25] - **Gas merger fund**: The company has no participation in a gas merger fund [25] - **Kent Electric's listing**: Kent currently has no plan to go public [25] - **Future performance growth points**: Future sales growth of smart water, heat, and agricultural water - saving products will positively impact the company's performance [25] - **Role in urban renewal**: The company's products are used in the intelligent management of public utilities and will benefit from the construction of smart cities [25][26] - **Q1 performance decline**: Q1 is usually a low - season for the company with a small proportion of annual sales [26]

Group 1: Company Performance and Financial Management - The company has not yet established a market value management system but has a dedicated investor relations department to maintain effective communication with investors [1] - The company has implemented share buybacks and cash dividends to enhance investor returns [1] - The company has optimized its customer structure to mitigate risks associated with accounts receivable [2] Group 2: Product Development and Market Position - The development of the photovoltaic inverter is still ongoing [1] - The company has faced declining market share in the water and gas meter industry due to competition, but is focusing on high-quality development [2] - Future performance growth is expected from smart water meters, electromagnetic flow meters, and the increasing sales of smart water management products [2][3] Group 3: Strategic Initiatives and Market Opportunities - The company’s products are integral to the digital transformation of urban infrastructure, aligning with national policies promoting smart city development [3] - The first quarter typically represents a low sales season, which affects annual revenue but is not indicative of overall performance [4]

Group 1: Company Overview and Market Position - Kingcard Intelligent has over 20 years of experience in the IoT sector, maintaining a leading position in the digital gas market with a global market share of 1st place according to Omdia's 2023 survey [3] - The company has served over 3,500 energy enterprises and more than 60 million urban households, showcasing its extensive market reach [3] - In 2025, Kingcard plans to launch three core products: quality flow meters, electromagnetic flow meters, and vortex flow meters, covering a full range of measurement solutions from conventional to ultra-high pressure [4] Group 2: Technological Innovation and R&D - In 2024, R&D expenses are expected to increase by 1.07%, focusing on ultrasonic, laser measurement technologies, big data platforms, and AI algorithms [5] - The company is involved in two national key R&D projects and has developed the first domestic ultrasonic gas meter certified for mixed hydrogen testing [5] - Kingcard aims to accelerate the localization of high-performance measurement products, driving technological upgrades and new growth momentum [5] Group 3: Financial Performance and Challenges - In Q4 2024, the company's net profit was 62.30 million yuan, a decrease of 43.76% year-on-year, primarily due to a decline in the performance of an associated company and a goodwill impairment of 22.49 million yuan [6] - For the full year 2024, operating revenue was 3.066 billion yuan, down 3.43%, and net profit was 360 million yuan, down 11.88% [6] - The decline in revenue and profit is attributed to stricter industry compliance and quality requirements, which slowed product inspection speeds [6] Group 4: Market Expansion Strategies - In 2025, Kingcard will focus on enhancing market share in the digital gas sector by leveraging favorable policies and promoting high-tech products [4] - The company plans to strengthen brand promotion and expand smart service scenarios in the digital water sector [4] - For overseas markets, Kingcard will increase R&D and sales investments, solidifying its presence in existing markets while expanding local operations [4] Group 5: Shareholder and Governance Insights - As of March 31, 2025, the number of shareholders was 25,700, a decrease of 1,065 from December 31, 2024, but this change has not significantly impacted the company's governance or decision-making [6] - Kingcard is committed to enhancing governance transparency and ensuring that shareholder interests remain central to its strategic decisions [6]