博敏电子（603936.SH）12月15日在投资者互动平台表示，公司的PCB及陶瓷衬板产品已有部分应用于 低轨卫星、航空航天等领域，相关收入占公司整体收入较小。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵司与航天二院的合作（2022年），公司是否具有商 业航天的概念呢？ ...

Core Insights - The company reported R&D expenses of 112.89 million yuan for the first three quarters, which represents 4.35% of its operating revenue [2] Group 1 - The primary focus of the R&D expenditures is on servers, new energy vehicle electronics, advanced HDI, ceramic liners, and substrates [2]

Core Viewpoint - CITIC Heavy Industries has decided to pause the implementation of its high-end wear-resistant parts manufacturing project to better align with current industry trends and technological changes [1][3]. Group 1: Project Adjustment - The high-end wear-resistant project is part of CITIC Heavy Industries' 2024 private placement fundraising, with a net fundraising amount of approximately 816 million yuan, of which about 153 million yuan was originally planned for the high-end wear-resistant project [2]. - The decision to pause the project reflects the company's strategic thinking in response to market changes and resource optimization [1][3]. - The industry has seen continuous evolution in technology and material innovation, leading to new requirements for wear-resistant products, necessitating adjustments to the original project plan [3]. Group 2: Market Trends - The high-end wear-resistant project primarily targets the machinery aftermarket, which has gained significant attention in recent years due to the vast potential of the existing equipment market [1][5]. - The demand for wear-resistant parts is stable, with a typical replacement cycle of 3 to 6 months, making it less susceptible to fluctuations in the mining market [6]. - The global wear-resistant industry is projected to reach a scale of approximately 14 billion yuan in 2024, with expectations to grow to 21.1 billion yuan by 2032, indicating a promising market outlook [6]. Group 3: Implementation and Future Plans - Although the high-end wear-resistant project has not yet utilized the raised funds, CITIC Heavy Industries has invested some of its own funds to enhance the digital management system of the current production line [4]. - The company plans to consider market trends and its own circumstances to determine the future implementation plan for the high-end wear-resistant project, ensuring effective use of raised funds and sustainable development [4].