Core Viewpoint - Guangdong Junya Electronics Technology Co., Ltd. has experienced a decline in revenue and net profit for three consecutive years, with a reported loss in 2024, primarily due to challenges in the printed circuit board (PCB) sector [2][18]. Group 1: Financial Performance - The company's revenue from PCB products decreased from 2.34 billion yuan in 2022 to 2.08 billion yuan in 2024, reflecting a downward trend in profitability [2][16]. - The gross profit margin for PCB products dropped from 16.14% in 2023 to 9.30% in 2024, indicating significant pressure on margins [16][17]. - The company reported a total revenue of 2.20 billion yuan in 2024, down from 2.30 billion yuan in 2023, with a total cost of 1.99 billion yuan [16][19]. Group 2: Customer and Supplier Dynamics - The top ten customers for 2024 accounted for 32.43% of total sales, with significant changes in customer composition due to market conditions [2][6]. - Major customers such as Weichuangli and Souluan experienced order declines due to inventory destocking in the overseas photovoltaic sector and international trade impacts [2][6]. - The top ten suppliers accounted for 50.14% of total purchases, with changes driven by procurement strategy adjustments and supplier performance [6][7]. Group 3: Production and Cost Structure - PCB production volume decreased from 3.11 million square meters in 2023 to 2.97 million square meters in 2024, while sales volume also declined [8][12]. - The cost structure for PCB products remained stable, with direct materials accounting for 66.06% of total costs in 2024, up from 64.37% in 2023 [8][12]. - The average procurement prices for key raw materials such as copper foil and gold salt increased, contributing to higher production costs [11][20]. Group 4: Industry Context - The global PCB market is projected to grow, with a forecasted value of $73.57 billion in 2024, driven by demand in sectors like AI and electric vehicles [13][17]. - The PCB industry faces intense competition, with over 2,200 manufacturers globally, leading to price erosion and margin pressures [14][15]. - Despite a recovery in the PCB market, the company struggles with specific customer demand and competitive pricing strategies, impacting overall profitability [20].

Group 1 - SM Entertainment and Tencent Music Entertainment Group (TME) signed a strategic cooperation agreement to expand collaboration beyond music distribution to include new idol group production, IP business, and local performances in the Asian market [1][6] - HYBE announced the sale of its entire stake in SM Entertainment to TME for approximately 243.3 billion KRW (about 1.29 billion RMB), marking a complete exit from its investment in SM [1][3] - Following the transaction, TME became the second-largest shareholder of SM Entertainment, acquiring 9.38% of its total shares [3][9] Group 2 - The partnership between TME and SM aims to launch a local Chinese idol group within the next two to three years, with SM leading the artist incubation process and TME handling brand operations and distribution in China [6][8] - Both companies plan to develop various IP commercialization initiatives, including merchandise and online performances, enhancing their engagement with fans [8][9] - The historical context of Tencent's investments in the Korean entertainment industry highlights a long-standing strategic alliance, with previous collaborations dating back to 2014 [9][10] Group 3 - HYBE is restructuring its global expansion strategy, focusing on investing the proceeds from the sale of SM shares into next-generation platforms and artist ecosystems [5][19] - The establishment of HYBE CHINA indicates a renewed focus on the Chinese market, supporting its artists' activities in the region [21][23] - The evolving relationship between content and platform companies is reshaping the entertainment industry, with platforms increasingly taking on a dominant role in content creation and distribution [24][26]

HUAWEI X HUXIU AMLA × 融合算子 × SMTurbo 让大模型推理速度与能效双重革命 没有人不在期待大模型能够成为下一个电动车，作为代表中国的新兴产业，在世界范围内掀 起狂澜。 然而主流的MoE架构大模型，却苦于其结构上的"先天不足"：巨大的硬件成本与多重拖累效 率的环节，使得中国企业在这场芯片堆砌与效率挖掘的苦径上难以提速。 作为智能基础设施提供商，华为在这场战役中另辟蹊径，利用其在数学算法和工程领域的深 厚积累，为DeepSeek显著提升了效率及用户体验。 山就在那里，但中国企业找到了不一样的登顶之路。 近期，虎嗅将打造《华为技术披露集》系列内容，全面揭秘超大规模MoE模型推理部署技 术，通过一连串的技术报告，首次全面披露技术细节。 希望本系列内容能为业界起到参考价值，也希望更多人能与华为一起，共同打造长期持续的 开放协作生态环境，让昇腾生态在中国茁壮成长。 《华为技术披露集》系列 VOL.5 ：昇腾亲和 它们不仅是模型的效率引擎，更是硬件性能的放大器 —— 通过标准化设计、硬件深度适配与 复用机制，让芯片处理海量数据时如虎添翼。 而昇腾此次开源的三大技术，正是算子优化的 "终极形态" ...

" 算力利用率突破 70%、跨卡延迟低至亚微秒级，华为算子技术 如何重新定义硬件性能？ " 作者丨李希 AMLA × 融合算子 × SMTurbo —— 让大模型推理速度与能效双重革命 基于昇腾算力，华为团队本次发布了三项重要的硬件亲和算子技术研究： 针对Decode阶段的MLA 计算，华为团队提出了AMLA（Ascend MLA）算子，通过数学等价变化和硬件 亲和的深度优化， 释放昇腾芯片澎湃算力 。具体而言，通过 对浮点数二进制编码的重解析 ，把复杂的乘 法运算变成简单的加法操作，AMLA实现了基于 存内计算 的变量更新，充分利用算力的同时减少数据搬 运；结合一系列基于昇腾硬件的计算流程及流水优化手段，进一步提升算子的整体性能。当前AMLA算法 的Attention 算子充分发挥昇腾硬件的计算能力，平均算力利用率达到55%，最高可达71%，优于 FlashMLA公开的结果。 大模型推理的 "乐高积木"：算子为何如此重要？ 算子是 AI 大模型执行计算的 "原子级工具"，如同乐高积木中的基础模块，负责从加减乘除到特征提取的 一切核心操作。它们不仅是模型的效率引擎，更是硬件性能的放大器 —— 通过标准化设计、 ...

今天（5月22日），苏州再次迎来工业互联网大会，这也是我市第二次承办这一盛会。工业互联网 一头连着传统工业制造业，一头连着新一代信息技术，是数字经济和实体经济深度融合的关键底座，也 是产业数字化的关键引擎。近年来，苏州与工业互联网有着深度"绑定"——在这里，工业互联网不是抽 象的概念，而是车间里流畅的智能产线，是实验室跳跃的数字代码，更是传统制造业向"新"而行的生动 实践。 构筑生态优势 破译工业互联网"苏州密码" 走进位于苏州工业园区的协鑫光伏科技有限公司的智能工厂，RGV搬运车穿梭运送物料，机械臂 精准抓取组件，大屏幕上实时跳动着物料信息等生产数据。这样的场景，正在苏州数以万计的工厂里上 演。 "不少企业选择苏州，是因为这里有着最完整的工业互联网生态。"苏州市工信局相关负责人表示。 从标杆企业到产业集群，从基础配套到研发能力，苏州都走在全国前列。中国工联网测算的一组数据显 示：2024年，苏州工业互联网产业增加值规模达1465.19亿元，增速12.5%。这个数字背后，是苏州超前 布局的战略眼光。近年来，苏州相继出台《关于全力打造"工业互联网看苏州"品牌的若干措施》《关于 推进制造业智能化改造和数字化转型的 ...

Company Overview - ZJK Industrial Co. Ltd. is a high-tech precision parts and hardware manufacturer focused on sectors such as artificial intelligence infrastructure, consumer electronics, electric vehicles, and aerospace [1][6] - The company specializes in manufacturing precision fasteners, structural parts, and other precision metal components, with a strong emphasis on automation and quality management [6] Innovation and Patents - ZJK has patented an innovative image recognition-based inspection-control system for carrier tape packaging, which automates the inspection process, enhancing efficiency and accuracy compared to traditional manual checks [1][2] - The patented system includes two image acquisition modules and two analysis modules to detect anomalies in real-time, significantly improving defect identification [2][3] Market Demand and Growth Opportunities - There is a rising demand for advanced inspection systems across various industries, driven by the increasing use of electronic components in consumer electronics, automotive, and aerospace sectors [4] - Long-term policy trends are favorable, with global governments promoting innovation and investment in manufacturing technologies, which supports the growth of inspection solutions [5] Future Outlook - The integration of intelligent technologies into existing production lines is expected to further enhance production efficiency and customer satisfaction, with the new system achieving nearly 100% accuracy in detecting missing components [3][4] - The ongoing shift towards automation and intelligent systems in manufacturing is anticipated to drive demand for SMT packaging products and cutting-edge inspection equipment [5]

ASMPT20250513 摘要 • ASMPT 业务主要包括半导体解决方案和 SMT 解决方案，前者毛利率为 40%-45%，后者约为 30%。半导体解决方案涵盖后工序工具如 die bond、wire bond、TCB 等，以及 Mini/Micro LED 相关工具，并提供激 光切割和铜电镀沉积等中端工具。 • 关税对 ASMPT 的直接影响有限，但间接影响需关注，客户投资决策受关 税不确定性影响。公司通过全球生产基地（包括中国、新加坡、马来西亚 等）的灵活发货应对关税问题。中美关系缓和可能影响未来关税政策。 • 美国市场占 ASMPT 收入的 16%，贡献相对较小。TSMC 在亚利桑那州建 厂对美国市场有积极影响。公司可灵活调整生产基地应对关税，但需关注 客户投资意愿和新工厂投放等间接影响。 • ASMPT 的 TTEC 设备在存储和逻辑市场取得进展，已获得领先 XPM 客户 大订单并交付，与韩国客户建立合作，并与美国 CPU 公司及领先 foundry 在 TCB 领域合作，正逐步实现量产。 • Hybrid bonding 技术尚未大规模应用，成本高于 TCB，预计未来两三年 内 TCB 仍具优势 ...

Investor Presentation May 2025 Forward-Looking Statements & Non-GAAP Financial Measures Forward-looking statements This presentation includes "forward-looking" statements within the meaning of the federal securities laws. You can generally identify the company's forward-looking statements by words such as "will," "anticipate," "aspire," "believe," "could," "estimate," "expect," "forecast," "outlook," "intend," "may," "plan," "possible," "potential," "predict," "project," "seek," "target," "should," "would," ...

证券代码：300332 证券简称：天壕能源（300332） 公告编号：2025-014 债券代码：123092 债券简称：天壕转债 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 信永中和会计师事务所（特殊普通合伙）对本年度公司财务报告的审计意见为：标准的无保留意见。 □适用√不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 公司经本次董事会审议通过的利润分配预案为：以母公司2025年4月23日股本总数865,115,280股为基 数，向全体股东每10股派发现金红利0元（含税），送红股0股（含税），以资本公积金向全体股东每10 股转增0股。 非标准审计意见提示 □适用√不适用 公司上市时未盈利且目前未实现盈利 董事会决议通过的本报告期优先股利润分配预案 □适用√不适用 二、公司基本情况 1、公司简介 ■ 2、报告期主要业务或产品简介 公司主营业务包括天然气供应及管输运营的燃气板块和膜产品研发生产销售及水处理工程服务的水务板 块。 （一）天 ...

作为业内领先、具有行业变革意义的电子及机械产业一站式基础设施服务提供商，嘉立创聚焦产品研发 及硬件创新场景，满足全球数百万客户在样品试制、小批量生产过程中"快交付、高品质、定制化、一 站式"的需求。 "没想到'上午设计、下午打样'的极致效率已是随手可得。"展会现场工程师说着便打开手机，展示他早 上出门看展前刚下单的PCB，随着自动审单、算法拼板，才半日过去，进度条已显示即将发货。 嘉立创方面人士表示，这种"立马想要，立马得到"的硬件创新服务，成为工程师破解"创新效率"的底 气。 展会期间，嘉立创举办第十期"设计制造0距离"技术沙龙活动，中国科学院深圳先进院集成所副所长吴 新宇讲述了他带领团队研发"外骨骼机器人"的历程。 "我们投入大量精力在运动意图识别和人机协同控制的研究，其中团队使用高多层PCB做了多次硬件模 块的创新升级，高密度电路布线优化了信号完整性，为外骨骼的高负载、高自由、精巧的功能构筑提供 了稳定支撑。"吴新宇表示，团队从2012年开始从事外骨骼的研发工作，制作了大量PCB，应用于主控 板、电机位置反馈板、电池接口按键支撑板，均得到了嘉立创的一站式服务支持。 吴新宇说："另一款柔性外骨骼机器人，可 ...