证券代码：002851 证券简称：麦格米特 编号：2025-005 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 | | | | 新闻发布会 □ | 路演活动 □ | | | 活动类别 | | | | | | □ 现场参观 | □ 其他 | | | | 爱建证券有限责任公司 | 中泰证券股份有限公司 | 融通基金管理有限公司 | | | 财通证券股份有限公司 | 中信建投证券股份有限公司 | 上海宝弘资产管理有限公司 | | | 德邦证券股份有限公司 | 中信证券股份有限公司 | 上海大朴资产管理有限公司 | | | 第一创业证券股份有限公司 | Golden Nest Capital Limited | 上海和谐汇一资产管理有限公司 | | | 东方财富证券股份有限公司 | 安信基金管理有限责任公司 | 上海混沌投资(集团)有限公司 | | | 东莞证券股份有限公司 | 北京鼎萨投资有限公司 | 上海泾溪投资管理合伙企业(有 | | | | ...

半导体销售处于复苏状态，1H25 收入0.15 亿元，同比增长90%。氢能业务1H25 收入0.08 亿元，同比下 滑82%，我们认为氢能各企业短期均处于亏损状态，受资本市场融资困难及国家补贴力度有限影响，行 业新增订单有限，但中长期看，随行业持续降本增效，氢能行业仍具有广阔前景。 布局AI 服务器电源测试设备，市场空间广阔。公司推出针对于AIDC 各类电源的测试设备，包括PSU、 HVDC-PSU、Power Shelf、Power ShelfRack、BBU、UPS 等电源测试设备，我们预计该领域25 年市场 空间或超20 亿元，台湾企业致茂电子占据主要份额，我们认为公司有望凭借产品性价比优势，逐步进 行国产替代，未来增长潜力较大。 毛利率环比改善，费用率基本稳定。2Q25 公司毛利率44.4%，环比增长6.8ppt，主因行业价格竞争减缓 产品价格有所修复；2Q25 公司销售/管理/研发/财务费用率分别为13.7%/9.9%/17.0%/-0.8%，分别环比 +0.8ppt/-0.9ppt/+0.6ppt/+0.2ppt，费用率基本稳定。2Q25 公司净利润率9.0%，环比下降10.0ppt，主因 1Q2 ...

来源：问董秘 董秘回答(麦格米特SZ002851)： 您好，公司未发布过获得有关订单的任何信息，《证券时报》《证券日报》和巨潮资讯网为公司选定的 信息披露媒体，公司所有信息均以在上述指定媒体刊登的信息为准，如有对公司经营产生重大影响的事 件发生，公司将会按照相关信息披露规则以公告形式披露，请广大投资者切勿被市场传闻所引导，以公 司官方发布的公告及投资者关系活动记录表内容为准，谢谢。 查看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 投资者提问： 公司2024年斩获英伟达NVL72服务器首批 超3000组Power Shelf订单。后续有无继续获得英伟达的订 单？ ...

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].