Core Viewpoint - The article highlights significant announcements in the stock market, focusing on various sectors such as commercial aerospace, humanoid robots, PCB, chips, and photovoltaics, providing insights into potential investment opportunities and risks [1] Group 1: Commercial Aerospace and Robotics - A company has achieved small-scale application and slight profitability of some products in leading commercial aerospace firms [1] - Another company’s LCP products are suitable for low-orbit satellites in the commercial aerospace sector and have been delivered in bulk to major end customers [1] - A company utilizes metamaterials technology to enhance core components of humanoid robots, integrating with commercial aerospace and autonomous driving [1]

Group 1 - In the past week, over 160 stocks were investigated by institutions, with Lingyi iTech receiving the most attention from 107 institutions, including 33 fund companies and 19 private equity firms [1] - Lingyi iTech announced it will acquire control of Dongguan Liminda Electronics Technology Co., Ltd. for 875 million yuan, which is a certified supplier for NVIDIA [1] - Liminda joined the Universal Connector Interoperability Alliance led by Intel, enhancing flexibility for data center clients [1] - Lingyi iTech has become a core supplier for AMD and Google, and with the acquisition of Liminda, it now covers cooling and power solutions for NVIDIA, Google, Intel, and AMD [1] - Lingyi iTech is also a significant supplier for Apple, with potential benefits from customer innovations according to Huazhong Securities [1] Group 2 - Pulit is focusing on the rapid development of the robotics industry, emphasizing the application of new materials in humanoid robots, including modified PEEK, PPS, and PA [2] - Pulit is collaborating with leading domestic and international humanoid robot companies for product development, with LCP products already certified by overseas clients [2] - Guangting Information stated that the new paradigm of AI development requires mutual trust and collaboration among enterprises, and they are working with domestic and international manufacturers [2] Group 3 - SAIC Group's subsidiary Huayu Automotive has established a joint venture with Qingtao Energy to produce semi-solid and solid-state batteries, with production lines in Shanghai [3] - The solid-state battery production line is expected to achieve sample production by the end of this year, with vehicle testing planned for next year [3] Group 4 - Stocks investigated by institutions saw an average increase of nearly 5% in the past week, with some stocks like Chaojie and Guolian Aviation rising over 20% [4] - Chaojie disclosed its focus on commercial aerospace, manufacturing components for commercial rockets, and has completed production line construction for 2024 [4] - Guolian Aviation signed a cooperation agreement with Wenchang International Aerospace City, aiming to integrate industry resources and enhance collaboration within the aerospace ecosystem [4] Group 5 - Huasheng Lithium Battery is focusing on the research and development of solid-state battery materials, having completed various experimental trials for solid and semi-solid battery materials [5] - The company is currently conducting technical validation with downstream electrolyte and battery companies, but has not yet achieved industrialization or sales revenue [5]

Group 1: Market Performance and Institutional Research - A total of 117 listed companies received institutional research from December 22 to December 26, with over 70% of these companies achieving positive returns [1] - Notable stock performances include Chaojie Co., Ltd. (301005) with a 41.6% increase, Guanglian Aviation (300900) up 32.44%, and Demingli (001309) rising 24.97% [1] - Popular research targets included Lingyi Technology (002600), which received over 100 institutional inquiries, while companies like Pulite (002324) and Guangdian Measurement (002967) were also highlighted with over 50 inquiries each [1] Group 2: Lingyi Technology Acquisition - Lingyi Technology announced a significant acquisition of a thermal management company, acquiring 35% of Dongguan Liminda Electronic Technology Co., Ltd. for 875 million yuan, resulting in a control of 52.78% voting rights [2] - The acquisition raised eyebrows due to a high valuation premium, with Liminda's audited equity valued at 71.27 million yuan, while the assessed value reached 2.51 billion yuan, indicating a premium rate exceeding 34 times [2] - Liminda's products include critical thermal management hardware for servers, and it is recognized as a liquid cooling supplier for NVIDIA [2] Group 3: Lingyi Technology's Strategic Goals - Institutions are particularly interested in whether Liminda's clients include major overseas companies like NVIDIA, Meta, and Google, as well as the strategic purpose behind the acquisition [3] - The acquisition aims to enhance Lingyi Technology's product matrix in the server segment and improve the business scale and profitability of its AI hardware server division [3] - Lingyi Technology has developed advanced thermal management products for enterprise-level servers, including GPU and CPU cooling solutions [3] Group 4: Pulite's Breakthroughs - Pulite received attention from 76 institutions, highlighting breakthroughs in modified materials, LCP (liquid crystal polymer), sodium-ion batteries, and humanoid robots [4] - The company's modified materials are applicable in humanoid robot components, and it is currently collaborating with leading clients in the humanoid robot industry [4] - Pulite's LCP fibers have entered the supply chain of a major domestic low-orbit satellite client, with significant growth expected in orders due to increasing demand for flexible solar wings [4] Group 5: Guangting Information's Strategic Positioning - Guangting Information engaged with 66 institutions, positioning itself as a "Digital Architect" in the automotive software industry, aiming to create an AI worker ecosystem [5] - The company is implementing a Super Software Workshop (SDW) model for human-machine collaborative development, which is expected to significantly enhance productivity [5] - Guangting Information's international strategy focuses on steady domestic growth while exporting intelligent automotive technology and providing services to foreign manufacturers [5]

2、公司 LCP 业务进展情况和未来发展规划？ 公司 LCP 产品主要应用于以高频高速信号传输为核心的通信和信 号信息传输等产业中，公司的 LCP 薄膜全系列产品目前均已达到可量 产状态，可应用于毫米波频段手机、脑机接口等领域。目前在通信领 域，公司与电子通信行业国内某家知名头部客户验证已完成，预计近 期将实现批量化交付；在脑机接口领域，公司已与海外客户关于公司 LCP 薄膜在脑机接口领域的应用进行了共同开发以及验证工作，目前 正在进行临床试验工作，进展顺利。国内相关行业客户目前也正在对 接中。 LCP 电子纤维布拥有非常低的介电常数和介电损耗等优异性能， 可用于 6G 基站和 AI 服务器的 PCB 硬板中，公司正在与下游某头部客 户进行高速服务器的 PCB 硬板验证开发工作，一旦 LCP 纤维布在该领 域中验证成功，将对下一代高速服务器的整体成本管控和产品性能上 将带来巨大的提升。 证券代码： 002324 证券简称：普利特 上海普利特复合材料股份有限公司投资者关系活动记录表 编号：2025-12-25 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 ...

Group 1: Industry Overview - The commercial aerospace sector has become a focal point in the A-share market, with related stocks experiencing a collective rise due to a combination of policy support, technological advancements, and market demand [1] - The establishment of the Commercial Aerospace Department by the National Space Administration and the release of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" provide a clear policy framework, boosting market confidence [1] - Significant technological breakthroughs, such as the successful maiden flight of Blue Arrow Aerospace's "Zhuque-3" reusable rocket, mark substantial progress in reducing launch costs, indicating a potential surge in demand for satellite manufacturing and launch services [1] Group 2: Company Developments - Beichuang Technology has made progress in the development and manufacturing of precision displacement and optical platform products for commercial aerospace, although current order sizes are small [2] - Guojijiang Precision has a market share of over 90% in traditional aerospace bearings and serves several rocket companies in the commercial aerospace sector [2] - Jiuziyang has focused on developing core components for inter-satellite and ground communication, contributing to the national aerospace strategy [3] - Zhonghang Optoelectronics has successfully supported mainstream rocket models and is expanding cooperation with leading commercial rocket companies [3] - Chaojie Co. specializes in manufacturing large components for commercial rockets, with major clients among top commercial aerospace firms [4] - Huitian New Materials produces high-performance adhesives suitable for aerospace applications and is actively developing advanced materials for commercial aviation [5] - Haite High-tech is involved in satellite internet services and has developed an eVTOL simulator, contributing to the low-altitude economy [6] - Guangwei Composite Materials is a key supplier of carbon fiber materials for solid and liquid propulsion systems, with a significant role in the commercial aerospace supply chain [7] - Fuguang Co. has achieved batch production of arrow-mounted lenses and is developing various optical products for low-orbit satellites [10] Group 3: Market Potential and Future Outlook - The commercial aerospace market is expected to enter a rapid growth phase, with companies like Ruichuang Micro-Nano developing advanced satellite communication technologies [11] - The overall aerospace industry is projected to benefit from the establishment of dedicated regulatory bodies, which will promote high-quality development in the sector [6] - Companies are optimistic about the potential for significant market growth in commercial aerospace, with many actively pursuing partnerships and expanding their product offerings [12]

Core Viewpoint - The company, Prit, has successfully delivered its LCP products in bulk to leading terminal customers, indicating a strong foothold in the commercial aerospace sector, particularly for low Earth orbit satellites [1] Group 1: Product Performance - The LCP products possess excellent characteristics such as high frequency and speed, high heat resistance, and lightweight properties, making them suitable for the commercial aerospace field [1] Group 2: Business Development - Currently, the aerospace business represents a small proportion of the company's overall revenue, but the company plans to actively engage with industry clients to advance product development, validation, and large-scale production in the commercial aerospace sector [1]

格隆汇12月12日｜普利特在互动平台表示，公司的LCP产品具备高频高速、高耐热及轻量化等优异性 能，适用于低轨卫星等商业航天领域，并已实现向头部终端客户的批量交付。目前该业务在公司整体营 业收入中占比较小，未来公司将积极对接行业客户，持续推进产品在商业航天领域的开发验证与规模化 量产工作。 ...

Core Viewpoint - The company has received certification for its LCP products from a leading overseas robotics company, indicating potential future demand in the robotics sector, although it will not have a significant impact on the company's performance in the short term [1] Group 1 - The LCP products are intended for use in joint motor skeletons and other components [1] - The company has not yet begun formal mass deliveries of these products [1] - Short-term performance impact is expected to be minimal [1]

Group 1: Company Highlights - Juguang Technology focuses on semiconductor laser components and has developed optical fiber amplifiers with a gain value increase from 20-25dB to 40-50dB [1] - Ningbo Jingda's performance slightly declined in the first half of the year due to international trade factors, but orders have shown double-digit growth since Q2, with a 70% increase in export orders [1] - Kingfa Technology's modified plastics segment has seen nearly 20% sales growth over the past two years, with overseas market sales expected to grow nearly 30% in 2024 [2] - Kehua Data reported a revenue of 3.733 billion yuan in H1 2025, a 0.06% year-on-year increase, with data center business revenue growing by 16.77% [3] - Jiangbolong ranks third in China's enterprise-level ST SSD total capacity, with significant partnerships and product deployments in the market [3] - LightSpeed Technology's silicon photonic modules have reached historical peak shipment volumes, with expectations for a recovery in gross margin in the second half of the year [3] Group 2: Market Trends and Innovations - The market for microchannel heat exchangers is expanding into automotive thermal management, data centers, and hydrogen energy applications [1] - Kingfa Technology is investing in humanoid robots and AI through an industrial fund to promote lightweight material applications [2] - Kehua Data is focusing on "technological innovation" and "computing power layout," with rapid development in intelligent computing center business [3] - LightSpeed Technology anticipates continued growth in domestic demand, particularly for 400G and 800G technologies [3]

Group 1: Yuanjie Technology - The company experienced significant revenue growth in the data communication sector, particularly for 400G/800G optical modules, with a positive quarterly trend expected to continue in the second half of 2025 [1] - The company achieved core technological breakthroughs in high-power CW light sources and high-speed EML, with ongoing factory renovations and equipment procurement in the U.S. [1] - The company is committed to R&D investment and process optimization to maintain a high gross margin level [1] Group 2: Jinyu Group - Cement prices in various regions are expected to rise nationally starting September, following a recovery initiated in mid-August [1] - The company reported solid waste disposal revenue of 365 million yuan in the first half of 2025, with a gross margin of approximately 28% and significant increases in waste collection and disposal volumes [1] - The real estate segment saw a revenue decline of 2.8% year-on-year, with a gross margin of 53.8%, while the company is actively managing its market value and has initiated a dividend distribution plan [1] Group 3: Dekoli - The company faced challenges in meeting order deliveries due to rapid growth in computing power demand and insufficient capacity and supply chain resources [2] - The revenue share of data communication products has increased to nearly 40%, while telecom business revenue declined by about 8% [2] - A new factory is expected to improve conditions in the second half of 2025, with significant orders for OCS products already in place [2] Group 4: Jinfa Technology - The modified plastics segment has seen nearly 20% sales growth over the past two years, with new projects in production expected to enhance capacity [3] - The company is exploring new opportunities in overseas markets, anticipating a nearly 30% sales increase in 2024, driven by sectors like new energy vehicles and robotics [3] - The new management has focused on reducing financing costs and debt ratios while enhancing cash flow and market value [3] Group 5: Sileck - The company's battery shell business is expected to improve margins in the second half of the year due to scale effects [4] - The company is collaborating with Dongwon Systems Corporation to establish a joint venture in Europe and the U.S. for battery shell production [4] - A strategic partnership with Aori Jin involves approximately 500 million yuan in collaboration across various manufacturing and innovation areas [4] Group 6: HSBC Jinxin Fund - The fund has an asset management scale of 56.855 billion yuan, ranking 82nd among 210 in total public funds [4] - The fund's non-monetary public fund management scale is 33.548 billion yuan, ranking 88th among 210 [4] - The best-performing public fund product in the past year is the HSBC Jinxin Technology Pioneer Stock, with a net value increase of 111.03% [4]