2、以上财务数据及指标以合并报表数据填制，但未经审计，最终数据以公司2025年年度报告中披露的 数据为准。 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素 1、经营情况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本公告所载南京磁谷科技股份有限公司（以下简称"公司"）2025年度主要财务数据为初步核算数据，未 经会计师事务所审计，具体数据以公司2025年年度报告为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：人民币 万元 ■ 注：1、本报告期初数同法定披露的上年年末数。 公司2025年度实现营业总收入36,820.72万元，同比下降23.05%；实现归属于母公司所有者的净利润 998.46万元，同比下降80.61%；实现归属于母公司所有者的扣除非经常性损益的净利润627.34万元，同 比下降85.59%。 2、财务状况 （1）报告期内，受市场环境及行业竞争加剧等因素影响，磁悬浮鼓风机、真空泵销售下降，导致公司 营业收入及主营业务毛利率较去年同期有所下降 ...

报告期内，受市场环境及行业竞争加剧等因素影响，磁悬浮鼓风机、真空泵销售下降，导致公司营业收 入及主营业务毛利率较去年同期有所下降。报告期内，为保持竞争优势，公司在产品及技术研发、新产 品的市场开拓等方面持续保持投入，研发及销售费用较去年同期有所增长。同时，公司加强人才团队建 设，人员费用有所增长。 磁谷科技(688448.SH)披露2025年度业绩快报，公司2025年度实现营业总收入3.68亿元，同比下降 23.05%;实现归属于母公司所有者的净利润998.46万元，同比下降80.61%。 ...

Core Viewpoint - Maglev Technology (688448.SH) reported a significant decline in both revenue and net profit for the fiscal year 2025, attributed to market conditions and intensified industry competition [1] Financial Performance - The company achieved total operating revenue of 368 million yuan in 2025, representing a year-on-year decrease of 23.05% [1] - The net profit attributable to the parent company's shareholders was 9.9846 million yuan, down 80.61% compared to the previous year [1] Market and Competitive Environment - Sales of magnetic levitation blowers and vacuum pumps decreased due to market environment and increased competition, leading to a decline in both revenue and gross margin [1] Investment in R&D and Talent - To maintain competitive advantage, the company continued to invest in product and technology development, as well as market expansion for new products, resulting in an increase in R&D and sales expenses compared to the previous year [1] - The company also focused on strengthening its talent team, leading to an increase in personnel costs [1]

影响经营业绩的主要因素：(1)报告期内，受市场环境及行业竞争加剧等因素影响，磁悬浮鼓风机、真 空泵销售下降，导致公司营业收入及主营业务毛利率较去年同期有所下降。(2)报告期内，为保持竞争 优势，公司在产品及技术研发、新产品的市场开拓等方面持续保持投入，研发及销售费用较去年同期有 所增长。同时，公司加强人才团队建设，人员费用有所增长。 格隆汇2月26日丨磁谷科技(688448.SH)公布2025年度业绩快报，公司2025年度实现营业总收入3.68亿 元，同比下降23.05%；实现归属于母公司所有者的净利润998.46万元，同比下降80.61%；实现归属于母 公司所有者的扣除非经常性损益的净利润627.34万元，同比下降85.59%。 ...

Group 1 - The company forecasts a net profit attributable to shareholders of the parent company for 2025 to be between 8 million and 11 million yuan, representing a decrease of 40.50 million to 43.50 million yuan compared to the previous year, which is a year-on-year decline of 78.64% to 84.47% [2] - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between 4.5 million and 6.5 million yuan, a decrease of 37.03 million to 39.03 million yuan compared to the previous year, reflecting a year-on-year decline of 85.07% to 89.66% [2] - The performance forecast has not been audited by a registered accountant [3] Group 2 - In the previous year (2024), the company achieved a total profit of 54.83 million yuan, with a net profit attributable to shareholders of the parent company of 51.50 million yuan, and a net profit after deducting non-recurring gains and losses of 43.54 million yuan [4] - The earnings per share for the year 2024 was 0.72 yuan [5] Group 3 - The decline in performance is primarily attributed to a decrease in sales of magnetic levitation blowers and vacuum pumps due to market conditions and intensified industry competition, leading to a reduction in operating revenue and gross margin [6] - The company has increased its investment in product and technology research and development, as well as market expansion for new products, resulting in higher research and sales expenses compared to the previous year [6] - There has been a reduction in government subsidies directly accounted for in the current period compared to the previous year [7]

Group 1 - The company Maglev Technology expects a net profit attributable to shareholders of 8 million to 11 million yuan for the year 2025, representing a decrease of 40.5 million to 43.5 million yuan compared to the same period last year, which is a year-on-year decline of 78.64% to 84.47% [1] - The primary reason for the performance change is the impact on the main business, with sales of magnetic levitation blowers and vacuum pumps declining due to market environment and intensified industry competition, leading to a decrease in operating revenue and gross margin compared to the same period last year [1] - The company has continued to invest in product and technology research and development, as well as market expansion for new products, resulting in an increase in research and sales expenses compared to the same period last year [1] Group 2 - The company has strengthened its talent team construction, leading to an increase in personnel costs [1] - There has been a decrease in government subsidies directly accounted for in the current period's profit and loss compared to the same period last year [1]

Core Viewpoint - Maglev Technology (688448.SH) expects a significant decline in net profit for the year 2025, with projections indicating a decrease of 78.64% to 84.47% compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company ranging from 8 million to 11 million yuan for 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 4.5 million and 6.5 million yuan, reflecting a decrease of 85.07% to 89.66% year-on-year [1] Market and Industry Impact - The decline in sales of magnetic levitation blowers and vacuum pumps is attributed to a challenging market environment and intensified industry competition, leading to a decrease in both operating revenue and gross margin compared to the same period last year [1] Investment and Development - To maintain competitive advantage, the company continues to invest in product and technology research and development, as well as market expansion for new products, resulting in an increase in R&D and sales expenses compared to the previous year [1] - The company has also focused on strengthening its talent team, leading to an increase in personnel costs [1]

Core Viewpoint - The company, Maglev Technology, expects a significant decline in net profit for the year 2025, projecting a profit of 8 million to 11 million yuan, which represents a decrease of 40.5 million to 43.5 million yuan compared to the previous year, indicating a year-on-year decline of 78.64% to 84.47% [1] Group 1 - The decline in net profit is attributed to market conditions and intensified industry competition [1] - Sales of magnetic levitation blowers and vacuum pumps have decreased, leading to a reduction in the company's operating revenue and gross margin compared to the same period last year [1]

Core Viewpoint - Benyuan Smart Technology Co., Ltd. has recently completed a new round of financing worth several tens of millions, led by Yida Capital, to accelerate product development, expand team size, and enhance market expansion efforts [2][4]. Company Overview - Benyuan Smart was established in 2021 and focuses on magnetic levitation technology, with self-developed high-speed motors and control technology at its core. The company has developed a diverse product lineup, including magnetic levitation blowers, vacuum pumps, air compressors, and flywheel energy storage systems, which are widely used in various industries such as thermal power, environmental protection, chemicals, coal mining, papermaking, and pharmaceuticals, demonstrating strong market competitiveness [3]. Financing Purpose - The financing will primarily be used to accelerate new product development, enhance innovation capabilities in the magnetic levitation technology field, expand the team to attract more talent, and increase market expansion efforts to promote product commercialization in more fields, supporting the company's broader market coverage in the context of carbon neutrality goals [4]. Investment Rationale - Yida Capital's investment in Benyuan Smart is based on the company's strong accumulation and research capabilities in magnetic levitation technology. The core team has achieved autonomy in magnetic bearings and high-speed motors, with product performance reaching international leading levels. The market demand for magnetic levitation equipment is experiencing sustained high growth against the backdrop of carbon neutrality goals and stricter global energy efficiency standards, with Benyuan Smart's products having broad application prospects in high-end fields such as electricity, petrochemicals, data centers, biopharmaceuticals, and semiconductors [5]. Investment Ecosystem Perspective - The financing event reflects the current venture capital ecosystem's emphasis on high-end manufacturing. Recent government policies have supported entrepreneurial investment, promoting industry development. There is an increasing focus on high-end manufacturing, such as magnetic levitation technology, with enhanced responsiveness and execution from industry practitioners. The technical strength and market potential of Benyuan Smart are recognized, and there is an expectation for the company to achieve greater breakthroughs in technological innovation and market expansion [6][7].

Group 1 - Shandong Provincial Committee emphasizes the need to accelerate the construction of a first-class innovation ecosystem, focusing on deep integration of technology and industry to drive high-quality development [1] - Shandong Tianrui Heavy Industry Co., Ltd. is a leading enterprise in the magnetic levitation energy-saving equipment sector, with products like magnetic levitation blowers and vacuum pumps widely used in traditional high-energy-consuming industries such as papermaking, cement, and chemicals [1] - Tianrui Heavy Industry has delivered customized magnetic levitation chillers to Xinfeng Group, achieving over 15% energy savings compared to foreign centrifugal chillers, translating to an annual energy saving of over 900,000 kWh [1] Group 2 - Tianrui Heavy Industry is constructing China's first automatic production line for magnetic levitation motors, which will triple its annual production capacity to 10,000 units [1] - The city of Weifang is home to over 40 related industries, aiming to establish itself as "China's Magnetic Levitation Capital," with the application of magnetic levitation equipment reaching over 500 units, saving nearly 300 million kWh of electricity annually [1] - Zibo Xincai is focusing on the development of next-generation chip packaging glass substrates, utilizing a chemical method to enhance the bonding strength of the glass surface [2] Group 3 - Zibo local government supports the research and development of enterprises by including them in a key project reserve, aiming to secure 10 million yuan in provincial technology innovation development funds [2] - The electronic information industry in Zibo has formed a tightly connected industrial chain, producing 2 billion IC card packaging tapes and 3.3 billion chip packaging tests annually, with global market shares of 20% and 33% respectively [2]