沪光股份 20250822 摘要 2025 年上半年，沪光股份新增一汽和东风两大国资企业合作，获得红 旗高压线束订单并完成东风供应商审核准入，连接器业务营收达 3,000 万至 4,000 万元，覆盖赛力斯、小米、上汽等客户。 沪光股份在低空经济领域与风飞合作，为其载人和载物飞行器提供线束， 并与宝时德合作，为其割草车提供线束，预计 2025 年第四季度量产。 沪光股份在人形机器人领域与智源和傅立叶合作，为智源的远征 A2、A3 及灵犀项目提供线束，并与京东建立联系，为其无人物流车项 目进行技术准备。 沪光股份 2025 年营收目标为 95 亿元，上半年净利率约为 7.6%，二季 度已达 8%以上，预计全年净利率可达 8%以上，目标净利润约为 8 亿 元。 沪光股份成立全资子公司全能巨升智能科技苏州有限公司，计划建立创 新中心，并建设制造、重大零部件公关、人才培养及服务与运行四大平 台，预计未来总投资额达 20 亿元。 Q&A 2025 年上半年，沪光股份的整体业绩表现如何？ 2025 年上半年，沪光股份实现了 36.29 亿元的营收，同比增长约 8%。毛利 率为 15.67%，净利率为 7.62%，净利润达 ...

Group 1 - The third China International Supply Chain Promotion Expo (referred to as "Chain Expo") opened on July 16, featuring the theme "Linking the World, Creating the Future" and showcasing six chains and one exhibition area, attracting over 650 enterprises and institutions to promote global industrial and supply chain cooperation [1] - Mianyang, as China's only science and technology city, presented itself in the digital technology chain exhibition area with the theme "Mianyang Intelligent Manufacturing Links the World," showcasing five new industrial tracks including robotics, nuclear medicine, commercial aerospace, aerospace electronics, and magnetic materials [2][5] - Changhong, a leading enterprise in electronic information, showcased its independently developed FLASH radiotherapy system, AI TV, power systems, and high-speed connectors at the Mianyang exhibition area [2][5] Group 2 - The FLASH radiotherapy technology developed by Changhong can irradiate tumors with ultra-high dose rates in milliseconds, significantly reducing side effects by 30% to 80% compared to traditional radiotherapy, and shortening single exposure time to less than one second [7] - The X-Flash radiotherapy device for deep tumors is expected to undergo testing in 2025, while the e-Flash device for superficial tumors is already in clinical trials in collaboration with three clinical trial institutions [7] - The AI TV, known as the world's first AI TV, features advanced AI capabilities and can generate artwork based on user descriptions, showcasing its powerful search and interaction functions [10] Group 3 - Changhong's high-voltage connectors for aerospace applications can provide reliable energy transmission up to 1800V and are designed for various fields including EVTOL and new energy vehicles, with materials that are 25% to 40% lighter than aluminum alloy [14] - The main/APU battery developed by Changhong is the first domestic product to obtain the CTSOA certificate, designed for the C919 aircraft, capable of operating in extreme low temperatures and providing emergency power for aircraft [17] - The Chain Expo aims to enhance the connection between upstream and downstream of the industrial chain and promote cooperation among enterprises, emphasizing the importance of maintaining supply chain resilience and stability [17]

Group 1 - The third China International Supply Chain Promotion Expo (referred to as "Chain Expo") commenced on July 16 at the China International Exhibition Center (Shunyi Pavilion) [1] - Mianyang showcased its theme "Mianyang Intelligent Manufacturing Drives the World" in the digital technology chain exhibition area [1] - Changhong presented its self-developed products including the FLASH radiotherapy system, AI TV, power systems, and high-speed connectors at the Mianyang exhibition area [1]

Financial Performance - In Q1 2025, the company achieved a net profit of approximately 32 million yuan, marking a turnaround from previous losses [4][11] - The company reported a net loss of about 1.2 billion yuan for the fiscal year 2024 due to significant asset impairment related to the subsidiary Meta [4][11] - The total revenue for 2024 was approximately 5.1 billion yuan, with Q1 2025 revenue around 1 billion yuan [11] Business Strategy and Development - The company aims to focus on the development of high-speed connectors and optimize its business and asset structure to enhance overall profitability [2][3] - The exit of the Italian subsidiary Meta from the consolidated financial statements is expected to alleviate the company's operational losses and facilitate a return to healthy growth [3][8] - The company plans to concentrate resources on businesses with strong market prospects and profitability, while also seeking to improve its debt structure and diversify financing channels [7][8] Market Position and Competitiveness - The company has over 10 years of experience in the R&D and manufacturing of high-speed connectors, which provides a competitive edge in the market [3] - It is actively participating in the domestic replacement process for mid-to-high-end connector products, with a focus on increasing market share [3] - The company maintains long-term strategic partnerships with well-known clients in various sectors, including automotive and consumer electronics [6][7] Investor Relations and Concerns - The company has faced challenges related to shareholder equity and ongoing investigations by regulatory authorities, but it assures investors of its commitment to transparency and risk management [5][8] - There are ongoing discussions regarding potential restructuring and strategic adjustments following the exit of Meta, with a focus on core business development [8][9] - The company acknowledges the need for improved investor confidence and is considering measures such as employee stock incentives to align interests [11]

证券代码：002897 证券简称：意华股份 温州意华接插件股份有限公司 投资者关系活动记录表 编号： 2025-001 意华股份投资者关系活动记录表 投资者您好，目前公司尚未收到重大客户关于加征关税可能产生 进一步负面影响的反馈。中美双方关税政策处于不断变化中，公司将 密切关注，与客户共同积极协商应对。对于部分受到关税影响的客户， 公司正在积极协商和规划，努力将此部分客户的业务影响降到最低。 感谢关注。 6、您好，请介绍一下光伏支架美国工厂的产能及未来前景，谢谢。 投资者您好，公司美国工厂已开始批量出货，感谢关注。 7、请问公司的连接器和光模块有批量用在昇腾服务器上吗？ 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： 参与单位名称 及人员姓名 参与公司 2024 年度网上业绩说明会的投资者 时间 2025 年 5 月 9 日 15:00-16:30 地点 全景网"投资者关系互动平台"（http://ir.p5w.net） 上市公司接待 人员姓名 董事长：蔡胜才 独立董事：赵元元 董事会秘书、副总经理：吴陈冉 财务总监：陈志 保荐代表人 ...