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（请文字说明其他活动内容）： 参与单位名称及 人员姓名 【投资者集体接待日】面向所有投资者 时间 2025 年 9 月 19 日 (周五) 下午 14:00~17:00 地点 公 司 广 州 总 部 ， 全 景 网 " 投 资 者 关 系 互 动 平 台 " （https://ir.p5w.net） 上市公司接待人 员姓名 董事长：廖定海 总裁：廖建平 董事会秘书：黄宏矩 财务总监：曾家成 投资者关系活动 主要内容介绍 公司就投资者在本次说明会中提出的问题进行了回复，主 要内容如下： 1、请问董事长，券商和投资机构 24 年和 25 年至今调研不 断，但根据贵司披露的股东数据却看不到有券商或投资机 构持股，请问董事长怎么看待这个情况，谢谢 答：您好，定期报告格式中仅披露前 10 名股东及前 10 名无限售条件股东的持股情况，未能全部展现。 2、贵公司中关联公司数量达到了 80 家，需要支付高昂的 人力管理成本，公司年年亏损截止 2025 中报，仍未见有好 转迹向，如继续亏损，公司 ...

Core Viewpoint - The company has successfully secured contracts for IMU products with two domestic intelligent robot companies, with initial small-scale deliveries already made [2] Group 1: Company Developments - The company announced on September 18 that it has obtained contracts for IMU products from two intelligent robot enterprises in China [2] - The company plans to continue monitoring the demand and development changes in industries related to intelligent driving, intelligent networking, and artificial intelligence [2] Group 2: Industry Outlook - The company is exploring the integration of high-precision positioning technology in low-altitude fields and industrial robotics [2]

人民财讯9月4日电，中海达（300177）9月4日在互动平台表示，截至2025年6月30日，公司已成功获得 国内两家具身智能机器人企业的IMU产品定点，并实现小批量交付，但目前公司定点机器人企业并非优 必选公司。 ...

Core Viewpoint - Huayi Technology (688071) reported significant growth in revenue and a reduction in net loss for the first half of 2025, driven by the expansion of its electric vehicle powertrain testing services and intelligent driving business [1] Group 1: Financial Performance - The company achieved operating revenue of 265 million yuan, representing a year-on-year increase of 51.1% [1] - The net profit attributable to shareholders was a loss of 5.46 million yuan, indicating a substantial reduction in losses compared to the previous year [1] Group 2: Business Segments - Huayi Technology focuses on automotive powertrain intelligent testing equipment, electric vehicle powertrain testing services, and intelligent driving-related businesses [1] - The intelligent driving segment emphasizes high-precision inertial navigation products and testing services, leveraging proprietary technologies in inertial devices, virtual sensor arrays, and high-precision satellite positioning algorithms [1] Group 3: Product Development - The high-precision inertial navigation products have entered mass production, meeting the demands of intelligent driving vehicle manufacturers and facilitating widespread application in passenger vehicles [2] - The company launched two GNSS satellite navigation products, M611 and M611S, designed for automotive-grade high-temperature environments and ISO26262 functional safety ASILB standards, ensuring high precision and reliability [2] - Huayi Technology also introduced the ARU8010 posture reference sensor for humanoid robots, featuring breakthroughs in dynamic range perception, high-frequency sampling, and all-directional posture calculation technology [3]

Core Viewpoint - Huayi Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to support its internationalization strategy and attract more international capital [1][2]. Group 1: Company Overview - Huayi Technology is a leading provider in the automotive testing industry and intelligent driving perception solutions, focusing on the electric and intelligent transformation of vehicles [2]. - The company is expanding into emerging fields such as intelligent driving, humanoid robots, and low-altitude aircraft, showcasing its proactive exploration and layout in these areas [2]. Group 2: Financial Performance - In 2024, Huayi Technology achieved a revenue of 423 million yuan, a year-on-year increase of 20.36%, but reported a net loss of 46.73 million yuan, which widened from the previous year's loss of 16.01 million yuan [3]. - In Q1 2025, the company generated a revenue of 142 million yuan, a year-on-year growth of 39.02%, and turned a profit with a net income of 2.96 million yuan, attributed to increased delivery in intelligent driving business and equipment coming into use [3]. Group 3: Market Position and Strategy - Huayi Technology has established long-term partnerships with major domestic and international automotive manufacturers and suppliers, enhancing its business growth potential [3]. - The company plans to deepen its testing services model and expand into integrated testing, inspection, and certification services, while increasing R&D investment to meet growing customer demands [5]. Group 4: H-Share Listing Process - The H-share issuance and listing plan requires approval from the board of directors, shareholders, and various regulatory bodies, indicating a complex process ahead [4]. - The company must comply with legal and regulatory requirements, including a thorough review of its financial status and governance by relevant authorities [4].

Core Viewpoint - The company, Huayi Technology, is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international presence and attract global capital [1][2]. Group 1: Company Overview - Huayi Technology is a leading player in the automotive testing industry and a provider of intelligent driving perception and positioning solutions, focusing on the electric and intelligent transformation of vehicles [2]. - The company is expanding into emerging fields such as intelligent driving, humanoid robots, and low-altitude aircraft, showcasing its proactive exploration and layout in these areas [2]. Group 2: Financial Performance - In 2024, the company achieved a revenue of 423 million yuan, a year-on-year increase of 20.36%, but reported a net loss of 46.73 million yuan, which is an increase from the previous year's loss of 16.01 million yuan, primarily due to rising costs in testing services and initial high costs in inertial navigation [4]. - In the first quarter of 2025, the company reported a revenue of 142 million yuan, a year-on-year increase of 39.02%, and a net profit of 2.96 million yuan, indicating a turnaround driven by increased delivery in intelligent driving services [4]. Group 3: Market Strategy and Internationalization - The company has established long-term partnerships with major domestic automotive manufacturers and suppliers, and has gained recognition from international clients, exporting products to countries such as France, Japan, Spain, and Poland [3]. - The planned H-share issuance aims to leverage Hong Kong's status as an international financial hub to enhance competitiveness and attract international capital [2][5]. Group 4: Future Plans and Challenges - The company is committed to deepening its testing service model and expanding into integrated services of inspection, testing, and certification, in collaboration with authoritative testing institutions [5][6]. - The H-share listing plan faces uncertainties and requires approval from various regulatory bodies, necessitating a thorough review of the feasibility and impact of the listing on the company's future development [5].

Company Overview - Anhui Xindong Lian Technology Co., Ltd. was established in 2012 and successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 30, 2023, with stock code 688582. The company specializes in MEMS technology and integrates integrated circuits with traditional high-end inertial industries, promoting the development of inertial sensors and pressure sensors towards intelligence, miniaturization, ease of use, localization, and IC integration [2]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 253.13 million yuan, a year-on-year increase of 84.34%. The net profit attributable to shareholders was 154.32 million yuan, up 173.37% year-on-year. The net cash flow from operating activities was 189.50 million yuan, reflecting a growth of 110.55% [3]. - The company plans to distribute a cash dividend of 1.56 yuan per 10 shares (including tax), totaling 62.51 million yuan, which accounts for 40.51% of the net profit attributable to shareholders [3]. Research and Development - The company's R&D expenses amounted to 58.11 million yuan, representing 22.95% of operating revenue, an increase of 8.17% year-on-year. The proportion of R&D expenses to revenue decreased from 39% in the same period last year to 22.95% due to higher revenue growth [4]. Product Development - The company is focusing on two main routes for its IMU products: high-precision IMU modules for low-altitude economy and aerospace, and low-cost, highly integrated chip IMUs to compete with products from Murata and Bosch [5]. - The company is also developing solutions that combine inertial navigation and visual navigation, anticipating significant future demand for inertial devices [3]. Market Outlook - The demand for FM accelerometers is strong, with many customers now matching the company's FM accelerometers with high-performance gyroscopes [8]. - The company sees a growing market for its inertial devices and IMUs in the drone sector, as the pricing of its products aligns well with the cost requirements of various drone applications [9]. Competitive Landscape - The company competes in the MEMS gyroscope field, where its products are positioned to replace traditional mechanical gyroscopes and fiber optic gyroscopes. MEMS technology offers a balance of low cost and high integration, making it suitable for mass production [7]. - The company maintains a competitive edge with an average price of around 2,000 to 3,000 yuan per chip and a gross margin exceeding 80% [7]. Future Plans - The company aims to continue its stock incentive plans approximately every two years to maintain long-term employee motivation [12]. - The outlook for the second half of 2025 is positive, with expectations of fulfilling existing contracts and securing new orders from major clients [13].

Robotics - Light Media participated in the investment and distribution of the film "Dongji Island" [1] - Huichuan Technology is actively developing components for humanoid robots [1] - Huayi Technology has supplied IMU products for Zhi Yuan humanoid robots [1] - Funeng Technology recently completed sample delivery of all-solid-state batteries to a leading humanoid robot client [1] - Leadshine Technology has hundreds of robot companies and module manufacturers testing its products [1] Liquid Cooling - Tongxing Technology has liquid cooling products applied in the data center sector [1] Other Collaborations - Dook Culture has an e-book licensing collaboration with the Tomato Novel platform [1] - Tongyu Communication's invested company has successfully delivered the first batch of 800G OSFP 2×DR4 optical modules [1] - Silver禧 Technology provides materials for DJI's sweeping robots [1] - Yutong Optical's aspheric glass lenses are indirectly supplied to DJI [1] - Defu Technology has achieved bulk supply of copper foil for the drone sector [1] - Yonggui Electric has established cooperative relationships with multiple main engine manufacturers in the new energy sector [1]

Core Viewpoint - The article discusses the current bullish market in China, highlighting the significant increase in margin trading balances and the structural bull market driven by liquidity and market confidence [4][6]. Group 1: Market Overview - As of August 5, 2023, the margin trading balance in the Shanghai and Shenzhen markets reached 1.994 trillion yuan, with expectations to surpass 2 trillion yuan soon, marking a significant recovery since April [4]. - The article emphasizes a "structural bull market," where growth stocks are outperforming value stocks due to a shift in market dynamics and investor sentiment [6]. Group 2: Investment Strategies - Investors are encouraged to either follow market trends or wait for opportunities in undervalued stocks with cleared chip structures, rather than passively holding index funds [6]. - The article identifies sectors with potential for growth, such as new consumption represented by Pop Mart and the AI computing industry, particularly in optical modules and PCBs, as well as innovative pharmaceuticals [6]. Group 3: Fund Management Insights - Ping An Fund's recent announcement regarding redemption fee discounts for specific bond funds has sparked controversy, as it primarily benefits institutional investors while excluding most retail investors [7][9]. - The fund's A-share holdings are heavily concentrated, with 99.63% held by institutional investors, raising concerns about liquidity risks in case of large redemptions [9][10]. Group 4: Sector Performance - The article notes that the A-share market saw collective gains across major indices, with significant trading volumes and numerous stocks hitting their daily limits [12]. - The robotics sector is highlighted as a strong performer, driven by multiple catalysts and favorable news, including product launches and government initiatives [12][13]. Group 5: Industry Trends - The global platinum market is experiencing a price surge due to rapid inventory depletion, with prices rising 45% year-to-date [17]. - The express delivery industry is undergoing a price increase, with new minimum pricing regulations implemented in Guangdong province [18].

Group 1 - The core viewpoint is that Huayi Technology (688071.SH) has begun supplying IMU products for the ZhiYuan humanoid robot, which are used to measure the robot's center of gravity and posture [1] Group 2 - The Food and Beverage ETF (product code: 515170) has seen a recent decline of 0.52% over the past five days, with a price-to-earnings ratio of 20.05 times and a net inflow of 10.56 million yuan [3] - The Gaming ETF (product code: 159869) has increased by 3.12% over the past five days, with a price-to-earnings ratio of 44.56 times and a net inflow of 290 million yuan [3] - The Sci-Tech Semiconductor ETF (product code: 588170) has decreased by 2.90% over the past five days, with a net outflow of 3.33 million yuan [3] - The Cloud Computing 50 ETF (product code: 516630) has seen a slight decline of 0.15% over the past five days, with a high price-to-earnings ratio of 115.36 times and a net outflow of 1.24 million yuan [4]