矿山开采作业时，原矿中常掺有非矿石类杂物，易对生产线上的传输皮带和相关装置造成破坏，导 致生产线被迫停产检修。"过去，除杂工序主要由人来完成，替换成智能化设备后，有效提升了矿山设 备运行效率，降低人工巡检成本。"华武重工副总经理张风奎说。 2020年，华武重工与武汉科技大学共建企校联合创新中心。近年来，该中心成功转化一批科技成 果，推出智慧加球机、纳米陶瓷球、智慧除杂机器人等多款智能化产品。"每一次联合攻关，从技术创 新决策开始，到研发投入、科研组织，最后成果转化，都以企业需求为主。"张风奎介绍，2018年以 来，华武重工紧跟矿山开采业智能化绿色化浪潮，持续加大研发投入，目前企业研发强度已达3.2%。 华武重工的创新实践并非个案。新中国成立初期，全国重点兴建的18家地方钢铁企业之一——鄂城 钢铁厂（现为宝武集团鄂城钢铁有限公司）落地鄂州市。如今，这里已形成一条完整的冶金产业链，链 上企业20余家。近年来，鄂州市以技术求突破，向创新要动力，推动冶金企业高端化、智能化、绿色化 转型。目前，以宝武集团鄂城钢铁有限公司为龙头的20余家冶金产业链企业年均研发投入超过10亿元， 全产业链产值逾400亿元。 截至2024年 ...

智通财经APP获悉，方正证券发布研报称，预计中国建材(03323)2025-2027年营收分别为 1912.2/1993.3/2070.0亿元，分别同比+5.5%/+4.2%/+3.8%，归母净利润分别为41.2/48.9/54.8亿，分别同 比+72.4%/18.7%/12.1%，对应PE分别为6.7/5.7/5.1x，首次覆盖，给予"推荐"评级。 基础建材板块2024年贡献经营性净现金流占比超38%，为新材料投入提供稳定资金支撑;同时，战新产 业投资占比从2021年34.8%跃升至2024年61.9%，公司投资重心实现根本性转移。集团年均超百亿研发 投入叠加150亿元产业基金，持续加速新材料技术产业化进程。 基础建材：行业错峰协同深化，公司降本增效+出海提速，2025年盈利有望筑底回升 非金属材料央企龙头，多项业务规模冠绝全球 中国建材是国务院国资委直属的大型央企，公司2006年港股上市，2018年完成与中材股份的换股吸收合 并。2024年公司获国资委批准，主业定位调整为"非金属材料制造及相关资本投资"，标志公司战略重心 从传统建材向新材料等领域转型。公司现为国内最大的非金属材料产业平台，旗下拥有多家境内 ...

发，推出全产业链自主研发的陶瓷球头和内衬等产品，三环生 物"TC-BIO 陶瓷髋关节部件" 已成功通过国家药品监督管理 局医疗器械技术审评中心主文档登记。 证券代码：300408 证券简称：三环集团 潮州三环（集团）股份有限公司 投资者关系活动记录表 编号：2025-01 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称 及人员姓名 三环集团 2024 年度业绩说明会采用网络远程方式进行，面向 全体投资者 时间 2025 年 5 月 19 日 15:00-17:00 地点 深 圳 证 券 交 易 所 " 互 动 易 " 平 台 " 云 访 谈 " 栏 目 （https://irm.cninfo.com.cn/） 上市公司 接待人员姓名 董事长：李钢先生 独立董事：苏彦奇先生 财务总监：王洪玉女士 董事会秘书：吴晓淳女士 投资者关系活动 主要内容介绍 公司于 2025 年 5 月 19 日在深圳证券交易所"互动易"平 台举办 2024 年度业绩网上说明会，公司与投资者进行了互动 交流和沟通，就投资 ...

资本运作方面，公司正在积极推进青岛飞燕钢球的收购项目，目前处于尽职调查阶段。此项收购将有力 强化公司在北方市场的战略布局。与此同时，包括年产2亿粒精密陶瓷球、高端精密重载轴承滚子等在 内的四大建设项目正在稳步推进，为公司实现"2025年20亿元、2028年30亿元"的营收目标奠定坚实基 础。 董事会秘书陈芳表示，公司将持续优化产品结构，提升市场认可度，并通过持续分红回报投资者。针对 投资者关心的市值管理问题，公司承诺将加强调研沟通活动，通过多种渠道让市场充分认识企业价值。 5月9日，精密轴承制造龙头企业力星股份成功举办2024年度网上业绩说明会。公司管理层与投资者就经 营发展、战略布局等议题展开深入交流，展现出在产业升级浪潮中的创新活力与发展潜力。通过两个小 时的真诚沟通，力星股份向市场传递出稳健向好的发展态势和清晰明确的战略规划。 在经营业绩方面，公司继续保持稳健发展态势。2025年一季度净利润同比增长11.28%，这一成绩来之 不易。财务总监周钰表示，这主要得益于持续优化的产品结构和有效的成本管控措施。值得注意的是， 公司近年来大力推进数字化转型，已经完成包括AGV自动物流仓储改造、办公自动化系统升级、H ...

证券代码：300421 证券简称：力星股份 江苏力星通用钢球股份有限公司 投资者关系活动记录表 编号：2025-001 | 投资者关系活动 | □特定对象调研 □分析师会议 | | | --- | --- | --- | | 类别 | □媒体采访 业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | 参与单位名称及 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2025 年 月 9 日 (周五) 下午 15:00~17:00 | 5 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | | 采用网络远程的方式召开业绩说明会 | | | 上市公司接待人 | 1、董事、总经理施波 | | | 员姓名 | 2、总经理助理、董事会秘书陈芳 | | | | 3、独立董事陈海龙 | | | | 4、财务总监周钰 | | | | 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复： 1、人形机器人轻量化是一个大的趋势，力星陶瓷球是 ...

Core Viewpoint - The company reported a revenue of 970 million yuan for Q1 2025, reflecting a year-on-year increase of 17.9% but a quarter-on-quarter decrease of 9.8% [1] - The net profit attributable to shareholders was 140 million yuan, showing a year-on-year increase of 1.8% and a quarter-on-quarter increase of 10.8% [1] - The company continues to expand into new fields of ceramic materials through organic growth and horizontal mergers [2] Financial Performance - Revenue for Q1 2025 was 970 million yuan, with a year-on-year growth of 17.9% and a quarter-on-quarter decline of 9.8% [1] - Net profit attributable to shareholders was 140 million yuan, up 1.8% year-on-year and up 10.8% quarter-on-quarter [1] - The gross margin and net margin for Q1 2025 were 36.8% and 15.3%, respectively, down 2.0 percentage points and 2.4 percentage points year-on-year [4] Business Segments - The company operates in six major business segments: electronic materials, catalytic materials, biomedical materials, new energy materials, precision ceramics, and other materials [2] - Electronic materials are expected to see a recovery in demand due to consumer electronics subsidies and growth in automotive electronics and AI servers [3] - Catalytic materials have expanded into overseas markets and are now part of the supply chain for major clients [3] - Biomedical segment is diversifying its product offerings with new launches, supported by strong R&D investment [3] - New energy materials are gaining traction with major lithium battery manufacturers, enhancing production quality and sales levels [3] - Precision ceramics are experiencing growth due to the adoption of ceramic bearings in new energy vehicles [3] R&D and Future Outlook - The company maintains high R&D investment, with a R&D expense ratio of 7.3%, down 0.2 percentage points year-on-year [4] - New product breakthroughs include spherical silica for high-frequency copper-clad laminates and zirconia/titania dispersions for backlight modules [4] - The company projects net profits of 690 million yuan, 850 million yuan, and 1.05 billion yuan for 2025, 2026, and 2027, respectively [4]

Core Insights - The company reported a revenue of 975 million yuan for Q1 2025, representing a year-on-year growth of 17.94%, and a net profit attributable to shareholders of 136 million yuan, with a growth of 1.8% [1] Business Analysis - The electronic materials business is operating steadily, with ongoing customer collaboration in catalytic materials. Despite the impact of the Spring Festival, the company maintained stable operations, continuing to develop new products to meet high-end market demands [2] - In the catalytic sector, the company is advancing customer collaborations, particularly in the honeycomb ceramic field, where major overseas players like Corning and NGK dominate the market. The company leverages its stable domestic supply and cost-performance advantages to develop commercial and passenger vehicle clients, gradually entering a volume growth phase [2] - The biocompatible materials segment is taking shape overseas, with the precision ceramics business continuing to expand, becoming a future growth driver. The company is expanding its product range and upgrading existing products, with overseas sales channels improving and increasing overseas sales proportion [2] - The precision ceramics sector is seen as a sunrise industry, with ceramic balls gradually gaining traction alongside the 800V fast charging applications in new energy. The company has established a full industry chain layout for ceramic substrates, which will enhance product profitability and serve as a key support for mid-term business growth [2] Market Impact - The real estate sector has negatively impacted the company's building ceramics, with a 14.3% year-on-year decline in completed real estate area in China as of March. The company is expanding overseas markets and textile dyeing businesses but faces certain constraints [3] - The new energy sector remains highly competitive, with the company's alumina and other materials experiencing pressure from industry dynamics, leading to a Q1 overall gross margin of approximately 36.77%, down about three percentage points quarter-on-quarter [3] Profit Forecast - The company has lowered its 2025 revenue forecast by 15%, projecting revenues of 4.631 billion, 5.557 billion, and 6.391 billion yuan for 2025-2027, with net profits of 699 million, 870 million, and 1.03 billion yuan respectively. The corresponding EPS is expected to be 0.70, 0.87, and 1.03 yuan, with current price-to-earnings ratios of 24, 19, and 16 times [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company reported a revenue of 970 million yuan for Q1 2025, representing a year-on-year increase of 17.9% but a quarter-on-quarter decrease of 9.8%. The net profit attributable to shareholders was 140 million yuan, up 1.8% year-on-year and up 10.8% quarter-on-quarter. The net profit excluding non-recurring items was 130 million yuan, reflecting a year-on-year increase of 4.9% and a quarter-on-quarter decrease of 0.2% [2][6]. Summary by Sections Company Overview - The company is engaged in the research, production, and sales of various high-end ceramic materials and products, forming six major business segments: electronic materials, catalytic materials, biomedical materials, new energy materials, precision ceramics, and other materials. Its products are applied in fields such as electronic information and communication, automotive and industrial catalysis, biomedical, new energy vehicles, semiconductors, and digital printing [10]. Business Performance - The company has expanded into new areas of ceramic materials through organic growth and horizontal mergers. The electronic materials segment is benefiting from policies that stimulate consumer electronics, with a recovery in downstream demand and rapid growth in emerging applications such as automotive electronics and AI servers. The catalytic materials segment has deepened cooperation with clients, entering the supply chain of leading overseas customers and covering domestic independent brands in the passenger vehicle sector [10]. Financial Metrics - For Q1 2025, the company's gross margin and net margin were 36.8% and 15.3%, respectively, showing a year-on-year decline of 2.0 percentage points and 2.4 percentage points. The R&D expense ratio was 7.3%, down 0.2 percentage points year-on-year. The company is expected to achieve net profits of 690 million yuan, 850 million yuan, and 1.05 billion yuan for the years 2025, 2026, and 2027, respectively [10][16].

Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 975 million CNY, a year-on-year increase of 17.94% [1] - Net profit attributable to shareholders reached 136 million CNY, up 1.80% from the previous year [1] - Net profit after deducting non-recurring gains and losses was 127 million CNY, an increase of 4.88% year-on-year [1] - Net cash flow from operating activities was 91.57 million CNY, a significant rise of 171.16% compared to the same period last year [1] Group 2: Business Segment Performance - Electronic materials segment: Focus on expanding applications in automotive and AI fields, with electronic pastes maintaining high growth [1] - Catalytic materials segment: Continued push for domestic substitution, increasing market share in natural gas and non-road sectors [1] - Biomedical materials segment: Enhanced development and promotion of high-end dental powder to meet market demand [1] - New energy materials segment: Profitability under pressure due to rising raw material costs for diaphragm coating materials [1] - Precision ceramics segment: Rapid growth in ceramic balls for new energy vehicles, with positive market expansion [1] - Ceramic ink segment: Revenue pressure alleviated by gradual release of new products [2] Group 3: Investor Q&A Highlights - The company is actively developing MLCC dielectric powders and electronic pastes to meet the high-temperature and ultra-high-capacity demands of AI servers, with some products achieving mass sales [2] - Ongoing R&D investments in zirconia products to meet urgent market needs, with new products gradually being applied by clients [2] - Rapid growth in the ceramic ball business for new energy vehicles, driven by the promotion of 800V high-voltage fast charging technology [2] - Despite a rapid increase in production and sales levels for alumina and barium stone products, profitability is under pressure due to significant raw material cost increases [2]