Group 1 - The core operating performance indicators of Guangqi Technology continue to show strong growth, with record highs in quarterly revenue and net profit [2] - In Q3, Guangqi Technology reported revenue of 653 million yuan, a year-on-year increase of 56.5%, and a net profit of 220 million yuan, up 25.28% [2] - For the first three quarters, the company achieved revenue of 1.596 billion yuan, a year-on-year growth of 25.76%, surpassing the total revenue of the previous year, and net profit reached 606 million yuan, up 12.81%, accounting for 93% of last year's total [2] Group 2 - As of the end of Q3, Guangqi Technology's total inventory was 473 million yuan, a significant increase of 114.61%, primarily due to the preparation of materials for the metamaterials business [2] - The company has announced three orders this year, with a total order amount close to 2.6 billion yuan, exceeding the historical peak of 2.504 billion yuan in 2022, setting a new record for annual order totals [2] - The two orders in the second half of this year amount to 1.794 billion yuan, expected to be delivered by June 30, 2026, laying a solid foundation for next year's performance growth [2] Group 3 - Guangqi Technology is accelerating the cross-industry empowerment and ecological layout of metamaterial technology while focusing on its core business in advanced equipment [3] - In the low-altitude economy sector, the drones empowered by Guangqi Technology have entered the testing and development phase, with plans to finalize product design and sales models by 2025 and officially start mass production in 2026 [3] - In the smart automotive testing field, the first "S-level certification for vehicle communication performance" awarded to Huawei's Hongmeng Zhixing's Xiangjie S9T utilized Guangqi Technology's testing solutions [3]

Core Insights - The establishment of the "Shenzhen Metamaterials Industry Alliance - Drone Swarm Innovation Subcommittee" marks a significant application of metamaterials technology in the drone swarm sector, aiming to address industry pain points and promote high-quality development in the low-altitude economy [1][2] Group 1: Industry Developments - The Shenzhen Metamaterials Industry Alliance, founded in 2012, focuses on the research and development of metamaterials technology, standard formulation, and ecosystem construction to enhance China's competitiveness in the global metamaterials industry [1] - The drone swarm technology is transitioning from "technology validation" to "scale application," leveraging multi-drone autonomous decision-making and collaborative operations to overcome the limitations of individual drones [2][3] Group 2: Company Initiatives - The company has initiated a comprehensive digital platform for drone manufacturing, creating an end-to-end management system that integrates supply chain, production, and management processes, ensuring standardized and traceable digital support across the industry chain [2] - The formation of the innovation subcommittee aims to cultivate an industry ecosystem that deeply integrates metamaterials technology, digital manufacturing, and operational scenarios, fostering collaboration among industry resources and enhancing the overall strength of the low-altitude economy [3]

Core Insights - Guangqi Technology hosted a research and site visit for 125 institutional and individual investors, discussing the company's development history, technology applications, cooperation projects, and future plans [1] Group 1: Historical Contributions and Industry Role - Chairman Liu Ruopeng emphasized the evolution of China's aerospace equipment since the "September 18" incident, highlighting the shift from reliance on imported outdated models to self-research and continuous iteration [2] - The company has developed multiple capability platforms centered on metamaterials technology, holding over 6,000 patents and managing a 728.8-acre industrial base, overcoming technical and mass production bottlenecks [2] Group 2: Collaboration with Huawei - Guangqi Technology partnered with Huawei in the smart automotive testing sector, creating a comprehensive testing environment that simulates real communication scenarios [3] - This collaboration enabled Huawei's smart vehicles to achieve the world's first "S-level certification" for overall vehicle communication performance, addressing traditional testing inefficiencies [3] Group 3: Metamaterials Technology - Metamaterials are characterized by their ability to achieve superior performance through micro-design and manufacturing, requiring a reverse design process from application needs [4] - The non-standard and customized nature of metamaterials production presents a unique challenge, emphasizing Guangqi Technology's irreplaceable and high-value capabilities [4] Group 4: Mass Production Technology - Guangqi Technology's mass production technology 2.0 has a incubation period of approximately 10 months, allowing for flexible capacity expansion while controlling capital expenditures [5] - The technology includes over 160 process improvements, enhancing efficiency by more than 30% across various production stages, with the first phase of upgrades expected to be completed by year-end [5] Group 5: Growth Drivers and UAV Development - Future growth for Guangqi Technology is driven by increased penetration of advanced equipment, expanded application scenarios for metamaterials, and strengthened market competition barriers [6] - The company's UAV has completed field test flights and is entering the trial production phase, aiming to leverage core metamaterial technology across relevant fields [6]

证券代码：002625 证券简称：光启技术 光启技术股份有限公司投资者关系活动记录表 编号：2025-007 | ☑ | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | ☑ | 现场参观 | | | 其他: | | 参与单位名称 | 申万宏源证券、长江证券、国新证券、深圳市昊燊创业投资有 | | | 限公司、浙江期成投资管理有限公司、华商投资、深圳市紫瑞 | | | 衡裕投资管理有限公司、广东润融私募基金公司、上海道申投 | | | 资管理有限公司、深圳创华投资、湖南汇智融达基金、上海国 | | | 科龙晖私募基金、山金期货有限公司、杭州合信投资管理有限 | | | 公司、中财华沣股权投资等 125 位机构及个人投资者。 | | 时间 2025 | 年 月 日 9 18 14:00-18:30 | | 地点 | 光启顺德 基地 709 | | 上市公司接待人 | 董事长：刘若鹏博士 | | 员姓名 | 董事会秘书：周建林先生 | | | 顺德厂办及董事会办公室工作人员 | | 投资者关系活动 | ...