中熔电气(301031) - 301031中熔电气投资者关系管理信息20250918

Group 1: Financial Performance - The company's gross margin improved year-on-year in the first half of 2025, driven by product structure optimization, particularly the promotion of the 800V platform for electric vehicles, and a 116% increase in sales of the incentive fuse business [2] - The revenue from the electric vehicle industry grew approximately 52% year-on-year, surpassing the industry average, due to product upgrades and the expansion of new incentive fuse products [2] Group 2: Market Expansion - The company is increasing its overseas client projects, with specific projects for European luxury brands expected to enter the new car release phase between October and November 2025 [2] - The Thai factory is a key base for the company's overseas promotion strategy, with plans to have 4 production lines ready for mass production by the end of September 2025 and an additional 2 lines entering the testing phase by the end of 2025 [3] Group 3: Product Development - Revenue from incentive fuses reached 107 million yuan in the first half of 2025, with an optimistic outlook for achieving the annual target of 250 million yuan [3] - The company is actively promoting the application of incentive fuses in the wind and solar storage sector, aiming to enhance product competitiveness and market strategy [3] Group 4: Management and Strategy - The change in the general manager is part of the company's strategy to advance its internationalization efforts, with the new appointee bringing extensive international experience [3] - Share-based payment expenses for the first half of 2025 are estimated at 22 million yuan, with a projected total for the year between 36 million and 37 million yuan [3] Group 5: Research and Development - The company has established a research center in Shanghai for the development of efuse and related microelectronic technologies, currently in the early stages of research and testing [3] - The company is prepared to provide supporting products for the HVDC architecture in data centers, with a focus on the growing market potential in this area [3]