答：公司前三季度累计实现营业收入77,492.44万元，同比增长34.21%；归属于母公司股东的净利润 12,125.70万元，同比增长175.35%；扣除非经常性损益的净利润11,585.37万元， 同比增长199.57% 。 其 中，第三季度单季营业收入32,130.63万元，同比增长47.40%；归属于母公司股东的净利润为5,411.50万 元，同比大幅增长227.15%，单季收入与利润均创历史新高。 泉果基金Q2 、请简要介绍公司营业收入同比增长较快的原因答：报告期内，公司营业收入实现增长， 主要系锡膏印刷设备验收金额同比增加所致。 近年，下游电子制造行业中电子装联设备需求主要受到以下因素影响: 根据披露的机构调研信息2025年11月13日至2025年11月17日，泉果基金对上市公司凯格精机进行了调 研。 基金市场数据显示，泉果基金成立于2022年2月8日。截至目前，其管理资产规模为237.87亿元，管理基 金数6个，旗下基金经理共5位。旗下最近一年表现最佳的基金产品为泉果旭源三年持有期混合A （016709），近一年收益录得37.57%。 截至2025年11月17日，泉果基金近1年回报前9非货币基金 ...

南财智讯11月18日电，凯格精机在投资者关系活动中表示，公司锡膏印刷设备、点胶设备及柔性自动化 设备广泛应用于电子装联环节，客户涵盖富士康、立讯精密、华为、比亚迪、京东方、海康威视等行业 龙头企业，积累了优质客户资源并形成品牌优势。公司拥有全球注册商标"GKG"，产品销往五十多个 国家和地区，并通过新加坡子公司GKGASIA在马来西亚、越南、印度、墨西哥等电子产业集中区域设 立海外服务网点，强化本地技术支持能力。 ...

| 3、请问公司产品主要应用在哪些行业中？公司产品处于行 | | --- | | 业什么地位，技术壁垒如何？ | | 答：公司主要从事自动化精密装备的研发、生产、销售及技 | | 术支持服务，主要产品为锡膏印刷设备、点胶设备、封装设 | | 备和柔性自动化设备。其中，锡膏印刷设备、点胶设备及柔 | | 性自动化设备应用于电子工业制造领域的电子装联环节。电 | | 子装联下游以电子产品制造商为主，一般用到PCB、FPC和电 | | 子元器件的地方均会涉及到电子装联。 | | 公司是国家级高新技术企业，荣获国家制造业单项冠军企业 | | 、专精特新"小巨人"企业，公司的锡膏印刷设备技术能力 | | 已达到或超越国际顶尖厂商水平，固晶设备在芯片小型化趋 | | 势上设备效率及稳定性的具有竞争优势，点胶设备通过技术 | | 的积累及产品的迭代升级，产品竞争力不断提升。 | | 4、公司主要的客户优势是什么？ | | 答：锡膏印刷设备属于SMT及COB产线的关键核心设备,对 | | 产品的良率有重大影响，因此具有一定的客户粘性。公司产 | | 品性能已达到或超越国际顶尖厂商水平，获得了包括富士康 | | 、立讯精密、华 ...

Summary of Keg Precision Machinery Conference Call Company Overview - Keg Precision Machinery has a diverse application base with consumer electronics accounting for 33%, automotive electronics and network servers each at 20%, and home appliances, medical devices, and semiconductors at 27% [2][4][10] - The company holds over 30% of the global market share and 50%-60% of the domestic market share [2][4] Key Insights and Arguments - **Growth in AI Server Demand**: The company’s printing equipment segment is expected to grow by 60%-70% this year, generating nearly 300 million yuan in revenue, driven by the demand for AI servers [2][5] - **Profitability Improvement**: The overall gross margin is projected to improve by 10 percentage points, with profits increasing by approximately 200% year-on-year [2][5] - **Product Segmentation**: Laser printing equipment now constitutes 60%-70% of total revenue, with a focus on high-margin products for AI servers and 5G base stations [5][6] - **Inventory and Orders**: As of Q3 2025, the company has approximately 1.1 billion yuan in orders, with 490 million yuan in finished goods and 156 million yuan in contract liabilities [6][9] Industry Dynamics - **Market Position**: Keg Precision Machinery is the global leader in stencil printing equipment, with a market share of about 30% and significant competition from ASMPT and IGW [4][10] - **Future Growth Potential**: The company anticipates continued growth in the stencil printing and dispensing equipment sectors, with annual growth rates of 30%-50% expected over the next 3-5 years [2][8] Additional Important Information - **Export Performance**: Exports, primarily to Southeast Asia and Mexico, have doubled year-on-year, accounting for about 20% of total revenue, with higher gross margins compared to domestic sales due to product structure and pricing differences [2][12] - **Gross Margin Trends**: The overall gross margin is expected to stabilize above 40% and gradually increase, with specific improvements noted in the packaging business [3][13] - **Cash Flow Management**: The company has a manageable accounts receivable situation, with most clients paying within 60 to 90 days, although some long-term accounts may impact cash flow [14] Conclusion Keg Precision Machinery is well-positioned in the market with strong growth prospects driven by AI server demand and a diversified product portfolio. The company’s focus on high-margin products and international expansion, coupled with effective cash flow management, supports its positive outlook for the coming years.

Summary of Conference Call Transcript Company and Industry Overview - The company is involved in the server and semiconductor equipment industry, with a focus on AI servers, consumer electronics, and automotive electronics [2][4][13]. Key Points and Arguments Server Orders and Market Outlook - The company has a strong order backlog, particularly from Foxconn, with a rapid order pace in October and November [2][4]. - Significant growth in AI server business is expected, with Foxconn projected to deliver 10,000 cabinets to Nvidia monthly next year, up from over 3,000 currently [2][6]. - The consumer electronics market is showing positive signs, with iPhone 17 sales performing well and orders for foldable screens increasing since October [2][8]. Equipment and Production Insights - Existing equipment for solder paste printing will suffice for upcoming demands, requiring only partial replacements rather than complete overhauls [2][9]. - New production lines for foldable screens are anticipated to enhance the value of printing machines, significantly impacting gross and net margins [2][10]. Automotive Electronics Growth - The automotive electronics sector has transitioned from initial development to scaling, with notable progress among various clients including Bosch and BYD [2][13]. - The company is experiencing a market share increase in automotive electronics, with expectations of substantial growth in the coming years [2][13]. Financial Performance and Projections - The company anticipates a strong performance in Q1, with a busy order schedule and a focus on meeting customer delivery timelines [5][27]. - The semiconductor equipment business is projected to see nearly double revenue growth this year, particularly in ball placement technology [20][23]. Product Development and Market Position - The company has several key products in the semiconductor packaging sector, with silver paste printing and direct ball printing already profitable [20][23]. - The market for carbon silicon wafer aging and testing equipment is emerging, with significant potential as costs decrease and applications in electric vehicles expand [24][25]. Competitive Landscape - The company faces competition in carbon silicon equipment primarily from overseas players, with some domestic competition present [25]. Strategic Initiatives - Plans to establish a new production base in East China and expand overseas operations are underway to meet growing international demand [27]. - The company is focused on enhancing market share through comprehensive solutions and aims to increase production capacity to support anticipated order growth [19][27]. Additional Important Insights - The company has faced a recent public relations incident but has assured that operations remain unaffected and is committed to improving internal management [3]. - The consumer electronics sector's equipment value is estimated at around 500,000 to 600,000 RMB, with recent orders showing positive trends [12]. - The company is not currently setting specific market share targets but aims to leverage its technological capabilities to increase its presence in the market [19].

11月12日，广东东莞市凯格精机（301338）股份有限公司（下文简称"凯格精机"）发布"关于收到高级管理人员被采取强制措施的公 告"称，公司收到总经理邓迪的通知，因涉嫌危险驾驶，邓迪可能判处管制、拘役或者独立适用附加刑，根据《中华人民共和国刑事诉 讼法》，东莞市公安局决定对其取保候审，邓迪目前可正常履职。 凯格精机表示，公司及邓迪就此事带来的不良影响，向广大投资者致以诚挚的歉意。目前，公司生产经营情况正常，各项工作有序开 展。 早前，凯格精机收到广东证监局下发的相关决定，公司存在违规行为，被证监会责令改正，并出具警示函。根据公告，凯格精机IPO募 资违规用于发放工资，共涉及金额合计约3214万元，该公司被监管追责，董事长等4人被警示。 凯格精机成立于2005年，是一家专注于高端精密自动化装备的研发、生产、销售及工艺方案的提供商。该公司产品主要涵盖表面贴装技 术（SMT）及系统级封装（SIP）两大领域，产品包含锡膏印刷设备、点胶设备、封装设备和柔性自动化设备，广泛应用于消费电子、 网络通信、高端显示、照明应用、新能源、航天军工以及半导体等多个行业。公司于2022年8月在深交所创业板上市。 业绩方面，凯格精机今 ...

11月12日，东莞市凯格精机股份有限公司 （凯格精机 ）发布公告称，公司收到总经理邓迪的通知， 因涉嫌危险驾驶， 邓迪可能判处管制、拘役或者独立 适用附加刑，根据《中华人民共和国刑事诉讼法》，东莞市公安局决定对其取保候审，邓迪目前可正常履职。 凯格精机表示，公司及邓迪就此事带来的不良影响，向广大投资者致以诚挚的歉意。目前，公司生产经营情况正常，各项工作有序开展。 邓迪。图源：凯格精机 值得一提的是，今年10月，凯格精机还因违规使用IPO募集资金收到监管措施决定书。早前，凯格精机收到广东证监局下发的相关决定，公司存在违规行 为，被证监会责令改正，并出具警示函。根据公告，凯格精机IPO募资违规用于发放工资，共涉及金额合计约3214万元，该公司被监管追责，董事长等4 人被警示。 凯格精机成立于2005年，是一家专注于高端精密自动化装备的研发、生产、销售及工艺方案的提供商。该公司产品主要涵盖表面贴装技术（SMT）及系 统级封装（SIP）两大领域，产品包含锡膏印刷设备、点胶设备、封装设备和柔性自动化设备，广泛应用于消费电子、网络通信、高端显示、照明应用、 新能源、航天军工以及半导体等多个行业。公司于2022年8月在深交 ...

Core Viewpoint - The company, Kaige Precision Machinery (301338.SZ), is recognized as a national high-tech enterprise and has received several prestigious titles, indicating its strong position in the manufacturing sector [1] Group 1: Company Achievements - The company has been awarded the title of "National Manufacturing Single Champion Enterprise" and "Specialized and Innovative 'Little Giant' Enterprise," showcasing its excellence in specific manufacturing areas [1] - The technology capabilities of the company's solder paste printing equipment have reached or surpassed those of top international manufacturers [1] Group 2: Product Competitiveness - In the field of die bonding equipment, the company has demonstrated significant competitive advantages in efficiency and stability, aligning with the trend of chip miniaturization [1] - The company's dispensing equipment has seen continuous improvement in market competitiveness due to its customer resource advantages and ongoing technological advancements [1] Group 3: Innovation and Development - In the flexible automation equipment sector, the company has developed an 800G optical module automation assembly line, which has gained recognition from globally renowned clients [1] - Building on this success, the company has introduced a new product line for 1.6T optical module automation assembly, targeting higher specifications [1] - The company is committed to a research and development strategy that emphasizes a "shared technology platform + multiple products + multiple fields," aiming to transition from being a single "champion" to multiple "champions" in various sectors [1]

Core Viewpoint - The company, Kaige Precision Machinery (301338.SZ), is recognized as a national high-tech enterprise and has received multiple honors, including "National Manufacturing Single Champion Enterprise" and "Specialized and Innovative 'Little Giant' Enterprise" [1] Group 1: Technology and Product Development - The company's solder paste printing equipment technology has reached or surpassed the level of top international manufacturers [1] - In the field of die bonding equipment, the company has demonstrated significant competitive advantages in efficiency and stability, aligning with the trend of chip miniaturization [1] - The company's dispensing equipment has seen continuous improvement in market competitiveness through ongoing technological accumulation and product iteration, leveraging its customer resource advantages [1] Group 2: Automation and Market Recognition - In the flexible automation equipment sector, the company's 800G optical module automation assembly line has gained recognition from globally renowned clients [1] - Building on this success, the company has launched a new product line for the 1.6T optical module automation assembly, targeting higher specifications [1] Group 3: Strategic Vision - The company is committed to implementing a "shared technology platform + multiple products + multiple fields" research and development layout, aiming to transition from being a single "single champion" to multiple "single champions" [1]

Core Points - The company announced that its general manager, Deng Di, is under investigation for suspected dangerous driving, which may lead to detention or other penalties, but he is currently on bail and can continue his duties [1] - Deng Di has been in the position for just over a month, having been appointed as general manager on October 10, 2023, for a three-year term [2] - The company expressed sincere apologies to investors for the negative impact of this incident and emphasized the need to strengthen legal awareness among all employees [1] Financial Performance - In the first three quarters, the company achieved a total revenue of 775 million yuan, representing a year-on-year increase of 34.21% [3] - The net profit attributable to shareholders was 121 million yuan, showing a significant year-on-year growth of 175.35% [3] - The revenue growth was primarily driven by an increase in the acceptance amount of solder paste printing equipment [3] Market Information - As of November 12, the company's stock price was 60.88 yuan per share, with a total market capitalization of 6.478 billion yuan [4]