Group 1 - The article emphasizes the importance of timely and professional information interpretation in investment decision-making [1] - It highlights the company's successful development of a comprehensive solid-state battery production solution, covering all aspects from cell to module to integration [1] - The company is noted for its robust production capacity in precision connection components for servers and high-speed connections, particularly in copper high-speed connection cables [1]

资料显示，铭基高科主营业务为精密连接组件的研发、生产和销售。 值得一提的是，在本次启动上市辅导前，铭基高科曾有过冲击上市的经历。公司曾由国信证券于2020年 12月完成辅导备案，并由广东证监局于2023年5月完成辅导验收。深交所曾于2023年5月受理铭基高科首 次公开发行股票并在创业板上市申请。后鉴于铭基高科2023年经营业绩出现下滑，铭基高科及保荐机构 向深交所撤回发行上市申请，深交所于2024 年5月15日终止公司的发行上市审核。 北京商报讯（记者 马换换 王蔓蕾）近日，证监会官网显示，广东铭基高科电子股份有限公司（以下简 称"铭基高科"）启动北交所上市辅导，辅导机构为招商证券股份有限公司。 据上市辅导备案报告，铭基高科成立于2003年4月22日，注册资本7812.5万元，法定代表人为王彩晓。 公司系新三板基础层挂牌企业，王彩晓直接持有公司5251.51万股股份，占公司总股本的67.22%，是公 司的控股股东。 ...

Group 1: Company Overview - Guangdong Mingji Gaoke Electronics Co., Ltd. specializes in the research, production, and sales of precision connection components, primarily used in computers, consumer electronics, new energy, and industrial control medical fields [4][5] - The company has established domestic production bases in Dongguan, Jiangxi, Hunan, and Guizhou, and has also set up an overseas production base in Vietnam [4] - As of April 2025, the company holds 174 trademarks, 240 patents, and 2 software copyrights [5] Group 2: Financial Performance - For the fiscal years 2023 and 2024, the company's revenue is projected to be CNY 1.148 billion and CNY 1.475 billion, respectively, with net profits of CNY 36.27 million and CNY 51.42 million [5][10] - The company has experienced a decline in performance, leading to the withdrawal of its IPO application for the ChiNext board in May 2023 [2][5] Group 3: IPO Process - Mingji Gaoke has initiated a new IPO process by signing a counseling agreement with China Merchants Securities on August 26, 2025, to apply for listing on the Beijing Stock Exchange [6][9] - The company previously attempted to list on the ChiNext board but withdrew its application after two rounds of inquiries [2][3][10] Group 4: Competitive Position - The company has established partnerships with notable clients such as CATL, Huawei, Lenovo, and Foxconn, indicating a strong market presence [5] - The company is transitioning from traditional markets to sectors like industrial control security, new energy, and medical fields, collaborating with leading firms in these industries [13] Group 5: Flying Technology Overview - Feiyinuo Technology Co., Ltd. is recognized as a "little giant" enterprise driven by research and innovation, focusing on digital ultrasound equipment production [16] - The company has launched over 30 ultrasound products and has established sales channels in more than 120 countries and regions [16][18] - Feiyinuo's revenue for the years 2019 to 2022 shows a stable growth trend, with revenues of CNY 269.56 million, CNY 301.59 million, CNY 446.47 million, and CNY 192.81 million, respectively [18] Group 6: Feiyinuo's IPO Process - Feiyinuo previously applied for an IPO on the Sci-Tech Innovation Board in December 2022 but withdrew the application in June 2023 [17][21] - The company has signed a counseling agreement with Huatai United Securities on August 14, 2025, to restart its IPO process [22]

Core Viewpoint - The earnings presentation of Kaiwang Technology for the fiscal year 2024 highlighted the company's focus on R&D investment and stable supply chain management, while addressing concerns about investment income and stock market fluctuations due to share unlocks [1][2][3][4]. R&D Investment - The company's R&D expenses account for 6.13% of sales revenue, indicating a commitment to maintaining a competitive edge in precision connection components and related fields [2]. - Kaiwang Technology plans to continue investing in R&D to meet customer demands and enhance product technology [2]. Investment Income - The investment income for 2024 was reported at 1,849,541.51 yuan, showing a decline compared to the previous period due to reduced idle fundraising amounts as projects progressed [2]. - The company aims to improve the investment yield of idle funds in the future [2]. Stock Market Concerns - The upcoming unlock of over 50 million shares is not expected to lead to significant stock price volatility, as the company emphasizes that unlocking does not equate to shareholder sell-offs [3]. - The company will adhere to disclosure obligations if any shareholders decide to reduce their holdings in the future [3]. Supply Chain Management - The procurement channels for key raw materials, such as copper and rubber, are currently stable, with long-term relationships established with suppliers [3]. - The company employs strategies like advance payments and monthly average pricing to mitigate risks associated with price fluctuations in raw materials [3]. Partnerships - Kaiwang Technology has been collaborating with Huawei for several years, primarily supplying waterproof components, although the overall sales volume remains small [4]. - The company also partners with Yushutech, supplying cables and precision cable components, with a low overall sales contribution [4].