（一） 主营业务及主要产品 公司属于高端装备制造行业，是一家专注于半导体及工业自动化设备的研发、生产、销售及相关技术服务的国家级 高新技术企业，为下游客户提供半导体工艺制程、智能制造系统、精益和自动化生产体系等定制化专业解决方案，产品 包括工业自动化设备、自动化设备配件及相关技术服务。 公司的核心业务聚焦于两大赛道：半导体与电子产品赛道。在半导体领域，公司致力于推动我国半导体关键设备的 国产化发展，已具备较强的市场竞争力和品牌影响力。公司自主研发的 Mini LED/Micro LED 芯片分选机、Mini LED/Micro LED 芯片电测设备、全自动晶圆挑晶设备、Mini LED/Micro LED 固晶设备、光通讯芯片全自动巴条排列设备 （双工位）、全自动巴条四面外观检测设备、全自动芯片四面外观检测设备、平移式翻转摆盘设备、硅光芯片分选机、 CIS 传感器芯片分选机、FT 分选检测设备、先进封装 Wafer To Panel 设备等半导体工艺设备，加快半导体设备的进口替 代，帮助客户实现生产工艺水平的再次突破，同时提升半导体生产线的自动化程度，提高产线综合效率和产品良品率。 电子产品赛道是公司的传统优 ...

2025年公司持续加大研发投入，上半年研发费用3360.69万元，同比增加33.01%。公司表示，将通过持 续的研发投入，提升产品与解决方案竞争力，坚持行业营销，落实进口替代与上顶下沉等营销策略，扩 大市场空间，提升市场份额。(文穗) 智立方聚焦于半导体和电子产品两大赛道，在半导体设备领域，公司自主研发的Mini LED/Micro LED 芯片分选机、MiniLED/Micro LED芯片电测设备、全自动晶圆挑晶设备、Mini LED/Micro LED固晶设 备、光通讯芯片全自动巴条排列设备(双工位)、全自动巴条四面外观检测设备、全自动芯片四面外观检 测设备等实现了进口替代，并凭借快速定制化响应与关键工艺参数优化，实现从单一设备供应到联合工 艺开发的战略合作升级。电子产品赛道，公司自动化测试设备及自动化组装设备产品取得了苹果、 Meta、歌尔股份（002241）、鸿海集团、立讯精密（002475）等全球知名公司的认可。上半年公司持 续扩展半导体细分领域的新产品导入，半导体相关业务已成为公司重要增长方向之一。上半年工业自动 化设备实现收入2.18亿元，同比增长21.99%；毛利率较上年同期增加7.11个百分 ...

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]