证券日报网12月25日讯，顺络电子（002138）在接受投资者提问时表示，数据中心、服务器是公司战略 布局新兴战略市场之一，公司立足于小型化、高精度、大功率技术优势，为客户供应各类型的一体成型 功率电感、组装式功率电感、超薄铜磁共烧功率电感、钽电容产品等，并为客户定制配套的产品解决方 案。公司基于对材料、设备、设计、制造工艺的能力，把握住产业机会，为各类AI服务器类客户提供 一站式元器件解决方案。客户已覆盖国内头部服务器厂商及海外头部功率半导体模块厂商，目前公司 AI服务器相关的订单饱满，相关业务快速增长(今年以来，海外业务增速迅猛)。 ...

1 | 型结构钽电容产品，可以广泛应用于高端消费电子、AI数据 | | --- | | 中心、企业级ESSD、汽车电子、工业控制等领域。 | | 公司长期致力于新材料、新技术研究和新产品开发,在 | | 满足全球高端电子制造企业严苛的品质需求以及建立安全 | | 供应链的基础上,通过持续创新满足全球高端电子制造企业 | | 的发展需要,开拓市场应用领域,为公司稳健增速发展奠定 | | 坚实的基础。 | | 目前公司各类钽电容产品，为客户配套供应产品线，客 | | 户认可度高，市场及客户层面持续推动中。 | | 3、请问公司对汽车电子业务的未来展望？ | | 回答： | | 汽车电子业务是公司战略发展的重要业务领域之一。通 | | 过不断深入探索产品组合，公司汽车电子产品已实现三电系 | | 统等电动化场景全面覆盖，并延伸至智能驾驶、智能座舱等 | | 全方位智能化应用场景覆盖。目前公司汽车电子业务已实现 | | 全球顶级汽车电子及新能源汽车头部客户的全面覆盖。 | | 公司看好汽车电子领域的发展前景（车规业务对公司来 | | 说是一个数百亿元的大市场，公司将立足于技术、工艺、制 | | 造的优势，不断拓展车规 ...

证券代码：002138 证券简称：顺络电子 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动类 | □媒体采访 □业绩说明会 | | 别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 活动参与人员 | 开源证券 1 人；统一证券 1 人，天山投信 1 人，野村投信 1 | | | 人，和兴投资 1 人，矩阵投资 2 人，共 7 人。 | | 时间 | 2025 年 12 月 15-16 日 | | 地点 | 公司 | | 形式 | 公司现场会议 | | 上市公司接待人员 | 董事会秘书 任怡 | | 姓名 | 证券事务代表 张易弛 | | | 回答投资者提问： | | | 1、请问公司在手机通讯市场的业务预期？ | | | 回答： | | | 公司在手机通讯市场客户覆盖供应链很广，目前已经实 | | | 现产业链的全覆盖，根据公司最新战略规划,手机市场定位 | | | 为存量市场或传统市场,传统市场会着力于向老客户提供新 | | | 产品（横向拓展）以及不断提升新产品在核心客户的市场份 | | 交流内容及具体问 | 额,合作的商业机会 ...

（文章来源：证券日报） 证券日报网12月8日讯顺络电子在12月4日至12月5日回答调研者提问时表示，数据中心、服务器是公司 战略布局新兴战略市场之一，公司立足于小型化、高精度、大功率技术优势，为客户供应各类型的一体 成型功率电感、组装式功率电感、超薄铜磁共烧功率电感、钽电容产品等，并为客户定制配套的产品解 决方案。公司基于对材料、设备、设计、制造工艺的能力，把握住产业机会，为各类AI服务器类客户 提供一站式元器件解决方案。客户已覆盖国内头部服务器厂商及海外头部功率半导体模块厂商，目前公 司AI服务器相关的订单饱满，相关业务快速增长（今年来，海外业务增速迅猛）。 ...

Group 1: Automotive Electronics Business - The automotive electronics business is a key strategic area for the company, with a market potential in the hundreds of billions [2] - The company has achieved comprehensive coverage of electric vehicle scenarios, including intelligent driving and smart cockpit applications [2] - The company anticipates rapid growth in the automotive electronics sector, driven by new product introductions and expanding core customer market share [2] Group 2: AI Data Center Development - The AI data center is a new strategic market for the company, focusing on high-precision and high-power density technologies [3] - The company provides a complete product solution for AI servers, covering various power supply needs, and has secured orders from leading domestic and international clients [3] - The overseas business for AI servers has seen rapid growth this year [3] Group 3: Tantalum Capacitor Products - The company has invested in the tantalum capacitor field for years, developing new products suitable for various applications, including communications and automotive electronics [4] - Tantalum capacitors meet the high reliability and stability requirements of automotive electronics and AI server environments [4] - The company has launched high-performance polymer tantalum capacitors for enterprise SSDs, catering to industry demands [4] Group 4: Gross Margin Trends - The company has maintained a competitive average gross margin since its listing, supported by continuous R&D investment and management innovation [4] - The focus on high-value-added products and strong core technology has allowed for better pricing power and margin protection [4] - Increased orders and capacity utilization have contributed to stable and high-quality gross margins [4] - The company is transitioning from a "product provider" to a "value creator," which is expected to further optimize gross margin levels [4] Group 5: Product Pricing Situation - The company's products are aligned with market prices, maintaining competitiveness with leading global electronic component manufacturers [5] - The company has established long-term partnerships with major global clients across various industries [5]

Core Viewpoint - The company, Sunlord Electronics (002138), is experiencing new demand opportunities for its products due to the rapid growth in storage product requirements [1] Group 1: Company Products and Applications - The company's products are primarily used in power management, voltage conversion, and power failure protection for storage products [1] - Available products include various types of inductors and tantalum capacitors [1] Group 2: Market Demand - There is a significant increase in demand for storage products, which is positively impacting the company's related product offerings [1]

Core Viewpoint - The company, Shunluo Electronics, is experiencing new demand opportunities for its products due to the rapid growth in the storage product market [1] Group 1: Company Overview - Shunluo Electronics specializes in power management, voltage conversion, and power failure protection for storage products [1] - The company offers a range of products including various inductors and tantalum capacitors [1] Group 2: Industry Trends - The demand for storage products is increasing rapidly, leading to new opportunities for the company's supporting products [1]

Group 1: Business Outlook - The company has a strong market position in the mobile communication sector and other consumer markets, benefiting from a recovering overall consumption market [2][3] - The company has established strategic partnerships with major domestic and international mobile manufacturers, enhancing its market share in the consumer electronics sector [2][3] Group 2: AI Data Center Development - The AI data center is a key strategic market for the company, focusing on high-precision and high-power density technologies [3] - The company provides a comprehensive product solution for AI server clients, covering various power supply needs, and has seen rapid growth in orders, especially from overseas [3] Group 3: Tantalum Capacitor Advantages - The company has developed a new series of tantalum capacitors suitable for various applications, including communications, consumer electronics, AI data centers, automotive electronics, and industrial control [3][4] - Tantalum capacitors meet the high reliability and stability requirements of automotive electronics and are recognized by major clients in high-end consumer electronics [4] Group 4: SOFC Business Progress - The company has entered the solid oxide fuel cell (SOFC) market through a joint venture, focusing on high-temperature fuel cell technology [4] - The company is optimistic about the new energy industry and aims to contribute to the long-term development of the solid oxide fuel cell sector [4] Group 5: Product Pricing Stability - The company's electronic components maintain a competitive edge comparable to global leaders, with a stable pricing structure due to strong product performance and long-term client relationships [4]

Group 1: Company Performance and Strategy - The company maintains a high capacity utilization rate due to full order books [2] - AI data centers are a strategic market for the company, providing comprehensive power supply solutions for various AI server clients [2] - The company has established a strong presence in both domestic and international markets, with a focus on leading server manufacturers [2] Group 2: Product Advantages - The company has developed a new series of tantalum capacitor products suitable for high-temperature and high-voltage environments, particularly in AI data centers [3] - Tantalum capacitors meet the reliability and stability requirements for automotive electronics, especially with the rise of electric vehicles [3] - High-performance polymer tantalum capacitors have been introduced for enterprise-level SSDs, catering to industry demands for speed and reliability [3] Group 3: Financial Performance and Outlook - The company has maintained an average gross margin above industry standards since its listing, driven by continuous R&D investment and management innovation [4] - Increased orders and capacity utilization contribute to stable and high-quality gross margins [4] - The company is transitioning from a traditional "product provider" to a "value creator," with expectations of stable gross margin levels moving forward [4] Group 4: Pricing and Market Position - The company’s electronic components are competitively priced, reflecting their strong performance and stable market conditions [4] - The company has established long-term partnerships with leading global clients, enhancing its market position [4]

Group 1: Company Performance and Capacity Utilization - The company currently has a full order book, maintaining a high capacity utilization rate [2] - The annual sales revenue compound growth rate is approximately 24%, with R&D expenses increasing in proportion to performance growth [3] Group 2: Product Advantages and Applications - The company has developed a new series of tantalum capacitor products suitable for various fields, including communications, consumer electronics, AI data centers, automotive electronics, and industrial control [2] - Tantalum capacitors meet the high-temperature and high-voltage stability requirements of AI server applications [3] Group 3: Automotive Electronics Business - The automotive electronics sector is a key strategic area for the company, with products covering electric vehicle systems and extending to intelligent driving and smart cockpit applications [3] - The company anticipates healthy growth in the automotive electronics field, driven by new product introductions and market share expansion among core customers [3] Group 4: Investment and Expansion Plans - The company operates in a capital-intensive industry, necessitating ongoing expansion to sustain growth [4] - There will be no large-scale expansion in traditional product capacity; instead, the focus will be on supplementing bottleneck processes to improve existing product line utilization [4]