2025年，深圳市知识产权保护中心新开通高端装备制造及珠宝加工两大产业专利预审服务。 运用篇：让智慧成果奔涌向市场 知识产权的价值，最终在市场中实现。深圳正以前所未有的力度推动知识产权向现实生产力转化。 创造篇：创新高地绽放智慧之花 深圳的创新活力，在数据中奔涌不息。深圳市市场监督管理局（深圳市知识产权局）数据显示，2024 年，这座城市专利授权量高达24.19万件，连续7年领跑全国；PCT国际专利申请量1.63万件，连续21年 稳居全国首位。截至2024年底，深圳每万人口高价值发明专利拥有量达110件，是全国平均水平的7.9 倍。这些数字，是深圳创新引擎高速运转的最佳证明。 2025年6月，第二十五届中国专利奖揭晓，深圳创新主体斩获81个奖项，约占全国总数的10.5%，其中 金奖项目9个，占全国金奖总数的22.5%。华为、中兴、中广核、腾讯、比亚迪等深圳科技巨头齐聚金 奖榜单，绘王趋势科技、大疆创新、车和家科技、比亚迪则在外观设计领域摘得桂冠。这些沉甸甸的奖 项，是对深圳企业创新硬实力的最高认可。 金奖背后，是深圳企业攀登技术高峰的动人故事。中兴通讯的"极化码"技术专利，显著提升了polar码在 5G网络中 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's performance in the first half of 2025 met market expectations, with revenue of 1.113 billion yuan, a year-on-year increase of 14.71%, and a net profit of 55 million yuan, up 45.14% year-on-year [7] - The main business is experiencing steady growth, with a gross margin of 19.12% in the first half of 2025, slightly down from the previous year, but the second quarter showed an improvement with a gross margin of 20.03% [7] - The company is expanding its product offerings in the screw rod sector, which is expected to contribute to a second growth curve, particularly with the upcoming Tesla Gen3 model [7] - Effective control of period expenses has been noted, although cash flow is under short-term pressure [7] - The company forecasts a significant increase in net profit for 2025-2027, with expected growth rates of 70%, 66%, and 180% respectively [7] Financial Summary - Total revenue is projected to grow from 2.024 billion yuan in 2024 to 6.224 billion yuan in 2027, with a compound annual growth rate of 108.72% [1][8] - Net profit is expected to rise from 71 million yuan in 2024 to 565 million yuan in 2027, reflecting a strong growth trajectory [1][8] - The company's earnings per share (EPS) is projected to increase from 0.21 yuan in 2024 to 1.67 yuan in 2027 [1][8] - The price-to-earnings (P/E) ratio is expected to decrease from 204.67 in 2024 to 25.86 in 2027, indicating improved valuation over time [1][8]

Core Insights - BYD has won two prestigious patent awards at the 25th China Patent Awards, highlighting its technological innovation and design capabilities [1][6][7] Group 1: Patent Awards - BYD's integrated thermal management system patent received the China Patent Gold Award, showcasing its innovative approach to electric vehicle thermal management [1][6] - The Tengshi D9 exterior design patent won the China Design Gold Award, reflecting its unique design philosophy and market success [1][7] Group 2: Technological Innovation - The integrated thermal management system addresses the long-standing challenges of temperature-related range issues in electric vehicles, significantly enhancing performance [6] - This patented technology is now widely applied across BYD's entire range of pure electric vehicles, marking a new chapter in electric vehicle development [6] Group 3: Market Performance - The Tengshi D9 has achieved remarkable market performance, consistently leading in monthly sales and surpassing traditional competitors, with cumulative sales exceeding 300,000 units [7] - The vehicle has been recognized as a "three-crown king" in sales, resale value, and customer satisfaction for two consecutive years, establishing a strong presence for Chinese automotive brands globally [7]

Group 1: Event Overview - The 2025 Shanghai Auto Show is themed "Embrace Innovation, Win the Future," featuring an exhibition area of 360,000 square meters, with the parts section exceeding 100,000 square meters for the first time, making it one of the most technology-dense sections of the show [1] - Nearly 50 international companies, including Sony, Intel, Momenta, Dolby Laboratories, and Mobileye, are making their debut at this year's Shanghai Auto Show [3] Group 2: Industry Trends - The number of technology companies and supply chain exhibitors at the Shanghai Auto Show has significantly increased, indicating a deeper integration of technology and automobiles in the era of intelligent connected new energy [3] - The electric vehicle sector continues to grow, with new energy vehicles occupying a substantial market share, prompting advancements in power battery technology aimed at faster charging, longer range, and greater longevity [3] Group 3: Company Innovations - A new HEV all-scenario solution and commercial vehicle electrification solution were showcased by Xinwanda, which collaborates with the Renault-Nissan Alliance to develop a battery capable of 60C fast charging and 70C discharging, with a lifespan of over 20 years [5] - Xinwanda's range-extended battery pack can achieve 2-6C fast charging and supports over 500 kilometers of pure electric range, widely used in Li Auto's L series models [7] - In the commercial vehicle sector, Xinwanda introduced a dedicated power battery for heavy trucks, featuring a modular platform with flexible energy configurations from 155kWh to 804kWh, and a lifespan guarantee of 8 years or 2 million kilometers [9] Group 4: Competitive Technologies - EVE Energy presented various solutions, including OMNI versatile batteries and flying vehicle batteries, with a focus on large cylindrical batteries as the optimal solution for new energy vehicles due to higher manufacturing efficiency and standardized design [13][15] - Bosch showcased innovations in automotive architecture, including a new generation of 48V low-voltage electrical system solutions, which are expected to become a trend in the Chinese market within the next three to five years [19][23]