深圳麦格米特电气股份有限公司 投资者关系活动记录表 | 投资者 | √ 特定对象调研 □ 分析师会议 | | --- | --- | | 关系 | □ 媒体采访 □ 业绩说明会 | | 活动类别 | □ 新闻发布会 □ 路演活动 | | | □ 现场参观 □其他 阿布扎比投资局 Oaktree Capital | | | APG Templeton CPE 源峰 MSIM | | 参与单位名称 | RBC 奥凯基金 Acardia Fund | | | East Capital 上海瓴仁私募基金管理合伙企业（有限合伙） | | 及人员姓名 | 花旗银行 tiger securities 自营 | | | TTInternational Starlight Asset | | | JMC Capital Asset Management Cowin AM 华润资本香港 | | 时 间 | 2025 年 7 月 18 日 （周五）下午 15:30-16:30 | | 地 点 | 深圳市南山区学府路 63 号高新区联合总部大厦 34 楼会议室 | | 上市公司 | 董事会秘书、首席财务官：王涛先生 | | 接待人员 ...

Group 1: Company Strategy and Growth Prospects - The company aims to continuously expand sales scale and enhance market share as its primary development goal, believing that a richer product range and a stronger platform will ensure long-term growth [2][15]. - The company expects significant growth in high-power AI data center power products, new energy vehicle components, light storage and charging components, and smart home products, all of which have leading technical solutions and substantial market potential [3][21]. - The company anticipates that as its revenue scale increases, its cost control capabilities, industry competitiveness, bargaining power, manufacturing platform advantages, and technical synergy efficiency will significantly improve, driving gradual enhancement in profitability [16][24]. Group 2: Financial Performance and Challenges - In Q4 2024 and Q1 2025, the company maintained a revenue growth of over 20% year-on-year, but net profit declined due to rising period expenses, asset impairment, increased income tax expenses, decreased non-recurring gains, and declining gross margins [3][32]. - The decline in net profit was primarily influenced by non-recurring gains and gross margin reductions, with the company’s core operating performance reflected more accurately in its net profit after deducting non-recurring items [3][32]. - The company’s gross margin was affected by the rapid growth of its new energy vehicle business, which has lower margins, and by competitive pricing strategies in its home appliance business to gain market share [3][32]. Group 3: Research and Development Investments - The company has not yet capitalized its R&D expenses, which include personnel costs, equipment, materials, testing fees, and depreciation [3][32]. - The company is committed to increasing R&D investments to support the development of technologies and products in the AI data center power sector, driven by surging demand for computing power and technological innovation [5][30]. - The company believes that only by solidifying its platform foundation and maintaining continuous technological innovation can it respond swiftly to industry demands and secure a competitive edge in the market [5][30]. Group 4: Market Position and Competitive Landscape - The company has launched several products, including the 800V/570kW Side Rack, which is designed for next-generation AI computing and supports green and sustainable development in data centers [6][23]. - The company is actively engaging with major industry clients both domestically and internationally, achieving positive progress in product recognition and customer cooperation needs [5][28]. - The company maintains confidence in its future development and encourages investors to rely on official announcements and investor relations activity records rather than market rumors [5][30].