中天火箭：公司耐烧蚀组件产品用于商业航天 再升科技：高硅氧纤维已供应国际航天公司 航天智装：宇航芯片已与多家航天企业长期合作 三安光电：砷化镓太阳能电池已应用于商用卫星电源 电科芯片：公司有应用于低轨星座的Ka波段相控阵天线套片量产 光智科技：公司红外光学材料可用于卫星红外相机光学窗口及卫星太阳能电池 科森科技：公司不生产航天级别的精密结构件 宝鼎科技（维权）：目前无商业航天领域的订单 潍柴动力：旗下陕重汽重卡已实现封闭区域L4级组合驾驶辅助技术 国芯科技：面向汽车辅助驾驶而设计开发的CCFC3009PT芯片已完成研发并进入流片试制阶段 星帅尔：后续将视银价波动情况，及时调整销售策略 兴业银锡：2025年初至目前未开展白银套期保值业务 【其他】 金圆股份（维权）：捌千错盐湖提锂项目处于试生产阶段 横店东磁：公司有进行钙钛矿叠层电池的技术储备 中密控股：公司产品暂未应用于"超碳一号" 热威股份：追觅科技（苏州）有限公司系公司客户 英杰电气：可控核聚变业务目前均为国内客户，暂无开发国际业务的明确计划 【智能驾驶】 【贵金属】 12月29日，多家上市公司通过互动平台、披露投资者关系活动记录表等渠道披露公司在商业航天 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 过去几年，中国汽车产业的竞争逻辑正在发生深刻变化。从"缺芯"倒逼下的国产替代，到智能化、 电动化浪潮推动电子电气架构重构，汽车芯片已从配套环节走向核心能力。尤其是在嵌入式 CPU 等关键基础芯片领域，能否形成稳定、可持续的国产供给体系，正成为衡量产业成熟度的重要标 志。 在这一背景下，持续深耕国产嵌入式 CPU 的国芯科技，正在汽车电子芯片赛道上走出一条相对清 晰的路径。截至 2025 年 9 月 30 日，国芯科技汽车电子芯片累计出货量突破 2000 万颗。这个数 字背后，并非单点产品的突破，而是公司在中高端汽车电子芯片领域长期技术投入、产品迭代与客 户验证的结果，也为中国汽车供应链提供了一套经得起规模化考验的"国芯方案"。 在中国汽车芯片产业创新战略联盟2025年全体成员大会期间，半导体行业观察有幸与苏州国芯科 技股份有限公司总经理肖佐楠展开了展开深度对话，从他的视角来剖析国芯能在汽车芯片赛道迅速 崛起的真正原因。 RISC-V：不只是技术选择，更是生态战略 对国芯科技而言，RISC-V 并非一次突兀的技术转向，而是在长期 CPU 架构积累基础上的顺势选 择。 早 ...

Investment Rating - The report maintains a "Buy" rating for the company [8] Core Views - The automotive electronics sector is experiencing rapid growth, with significant progress in market expansion. The company has developed 12 product lines in automotive electronic chips, leading to a notable increase in chip shipments, with a projected revenue growth of 71.38% year-on-year for its automotive electronic chip business in 2024 [2] - The company has initiated the design and development of its first high-performance automotive MCU chip based on the RISC-V architecture, aimed at applications in intelligent driving and smart chassis. This chip is expected to achieve industry-leading performance and may replace existing foreign chips in the market [3] - The company is advancing its quantum-safe chip, AHC001, which has successfully passed internal testing. This chip is designed to withstand quantum computing attacks and can be integrated into various high-security applications [4] - The custom chip service business is steadily growing, with a projected revenue of 396 million yuan in 2024, reflecting a year-on-year increase of 39.15%. The company is leveraging its existing customer base to meet the demand for AI chip customization [5] Financial Projections - The company is expected to achieve revenues of 780 million yuan, 1.15 billion yuan, and 1.70 billion yuan in 2025, 2026, and 2027 respectively, with net profits projected at -104.38 million yuan, 5.72 million yuan, and 57.71 million yuan for the same years [8][10] - The revenue growth rates are forecasted to be 36.05%, 47.26%, and 48.06% for the years 2025, 2026, and 2027 respectively [10][13] - The company's net profit margin is expected to improve significantly, with a projected net profit margin of 3.4% by 2027 [13]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - The automotive electronics sector is experiencing rapid growth, with significant progress in market expansion. The company has developed 12 product lines in automotive electronic chips, leading to a notable increase in chip shipments, with a projected revenue growth of 71.38% year-on-year for its automotive electronic chip business in 2024 [2] - The company has initiated the design and development of its first high-performance automotive MCU chip based on the RISC-V architecture, which is expected to achieve industry-leading performance in various applications [3] - The AHC001 chip, designed for quantum-safe applications, has successfully passed internal testing and is expected to enhance security against quantum computing threats [4] - The custom chip service business is steadily growing, with a projected revenue increase of 39.15% year-on-year in 2024, driven by strong demand from major clients in the AI chip sector [5] Financial Projections - The company is expected to achieve revenues of 7.8 billion, 11.5 billion, and 17.0 billion yuan in 2025, 2026, and 2027 respectively, with net profits projected at -1.0 billion, 0.1 billion, and 0.6 billion yuan for the same years [8] - Revenue growth rates are forecasted at 27.78% for 2024, 36.05% for 2025, 47.26% for 2026, and 48.06% for 2027 [10] - The company anticipates a significant turnaround in net profit, moving from -180.59 million yuan in 2024 to 57.71 million yuan in 2027, reflecting a growth rate of 908.84% [10]

Core Viewpoint - Guoxin Technology aims to focus on two main directions: trusted computing and information security, as well as automotive electronics and industrial control by 2025, while integrating AI and quantum technologies into its product offerings [1] Financial Performance - In 2024, Guoxin Technology achieved revenue of 574 million yuan, a year-on-year increase of 27.78%, but reported a net loss of 181 million yuan attributable to shareholders [1] - For Q1 2025, the company reported revenue of 87.27 million yuan, with a net loss of 34.75 million yuan, primarily due to extended production cycles for custom chips [3] Business Segments - The trusted computing and information security segment generated revenue of 140 million yuan, a decrease of 3.9% year-on-year [1] - The automotive electronics segment saw significant growth, with revenue of 75.78 million yuan, an increase of 87.17% year-on-year [1] - The industrial control chip segment reported revenue of 17.58 million yuan, a decrease of 47.47% year-on-year [1] - AI and advanced computing services generated revenue of 341 million yuan, an increase of 48.41% year-on-year, driven by custom chip services [1] Product Development - In the automotive electronics sector, Guoxin Technology has achieved full series coverage of automotive MCU and DSP chip product lines, enhancing competitiveness [2] - The company launched new high-end MCU chips suitable for advanced driver-assistance systems (ADAS) and is expanding its market presence among major automotive manufacturers [2] - In the quantum security chip field, Guoxin Technology has developed leading domestic quantum security chips and modules, which are already in limited use by clients [3] Strategic Focus - Guoxin Technology plans to reduce unnecessary expenses, optimize personnel structure, and enhance production cost control to improve efficiency [3] - The company aims to drive growth through a dual strategy of self-developed chips and custom chip services, with a focus on edge AI technology and quantum security solutions [3]