转自：新华财经 "我们关注这家科技型企业很久了，对团队、技术和方向都十分认可。"光大银行江阴支行相关负责人 说，集成电路是江阴乃至无锡的支柱产业之一，江苏昕感项目更是处在设计到封装中最核心的一环，这 笔贷款可以让企业从资金压力中松绑，集中精力谋发展。 金融活水持续涌流的背后，离不开"政府搭台、银行谱曲、企业唱戏"的闭环机制。江阴举办"金融会客 厅—江阴驿站"政银企对接活动，构建"政策宣讲+需求摸排+靶向授信"全链条服务模式，加强政银企三 方联动合作，优化金融资源配置。今年以来，已组织工业领域大规模设备更新政银企对接交流座谈会等 专题活动5场，对接中小微企业近300家次、累计授信额度超百亿元。 江苏海矽美电子科技有限公司是一家以半导体分立器件、集成电路芯片研发制造为核心的企业。在引入 新材料、新工艺的过程中，企业对原材料的采购需求急剧增加，面临资金紧张的局面。江苏银行江阴支 行了解到企业拥有两项实用新型专利后，主动上门服务，以专利质押的方式为企业发放了1000万元贷 款。"专利能救急，更坚定了我们搞研发的决心。"该公司相关负责人说。 除专利外，江阴还鼓励金融机构拓宽质押标的范围，将企业商标权、著作权、集成电路布 ...

Financial Data and Key Metrics Changes - AMSC reported a record revenue of $66.7 million for Q4 FY2024, a 59% increase from $42 million in the same quarter last year [11] - For the full fiscal year 2024, total revenue reached $222.8 million, up 53% from $145.6 million in FY2023 [12] - The company achieved GAAP profitability for the third consecutive quarter and non-GAAP profitability for the seventh consecutive quarter [6][7] - Gross margin for Q4 FY2024 was 27%, compared to 25% in the previous year, while the full year gross margin improved to 28% from 24% [13] Business Line Data and Key Metrics Changes - Grid business revenue for Q4 FY2024 was $55.6 million, a 62% increase year-over-year, while wind business revenue was $11.1 million, up 42% [11] - For the full fiscal year, grid business revenue was $187.2 million, representing 84% of total revenue, and increased by 53% [12] - Wind business revenue for FY2024 was $35.6 million, accounting for 16% of total revenue, with a 51% year-over-year increase [12] Market Data and Key Metrics Changes - Approximately 70% of AMSC's revenue came from the U.S. market, providing a hedge against changing trade policies [8] - The company secured nearly $320 million in new orders for FY2024, with a backlog of over $200 million at year-end, up from $140 million a year ago [9] Company Strategy and Development Direction - AMSC is focusing on expanding its product portfolio and capitalizing on opportunities in military and industrial sectors [10] - The company aims to enhance its position in the defense market, highlighted by a significant contract with the Royal Canadian Navy [10][30] - AMSC is also targeting growth in the semiconductor sector, with expectations of triple-digit growth potential [74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue building a resilient and profitable business, with strong demand across various sectors [21][34] - The company anticipates continued growth driven by semiconductor demand, traditional energy, and utility projects [88][92] - Management noted that the evolving energy landscape and increasing demand for reliable power solutions present significant opportunities [23][26] Other Important Information - AMSC ended FY2024 with over $85 million in cash, cash equivalents, and restricted cash, which is critical for supporting larger orders and future growth [17] - The company generated $28.3 million in operating cash flow for the full fiscal year [17] Q&A Session Summary Question: Can you provide an order breakdown for the grid segment in Q4? - Management indicated that the grid segment is expected to represent about 25% of the business, with strong demand driven by semiconductors and traditional power generation [40][41] Question: What are the expectations for wind business in FY2025? - Management noted that wind business has seen significant growth, particularly with Inox, and they are focused on being responsive to their needs [48][50] Question: How effective are the cross-selling efforts now that platforms are integrated? - Management stated that they are no longer cross-selling but are selling the entire portfolio as a cohesive solution to meet customer demands [61] Question: What visibility do you have into the semiconductor pipeline? - Management highlighted a large pipeline with triple-digit growth potential, driven by both domestic and international markets [74] Question: Have tariffs affected order cadence? - Management indicated that tariffs have not negatively impacted orders; rather, they see it as an opportunity for growth [78] Question: How are the delivered systems performing for the US Navy? - Management confirmed that the systems are performing well and have been well-received, with plans to scale offerings to other allied navies [82]