亚光科技(300123) - 2018年8月30日投资者关系活动记录表

Group 1: Company Overview - A光科技股份有限公司, formerly known as 太阳鸟游艇股份有限公司, was rebranded after acquiring 成都亚光电子股份有限公司. The company has over 2,000 employees and operates in three industrial parks in China [2]. - The company has achieved a compound annual growth rate (CAGR) of over 30% in revenue and net profit since 2018, establishing itself as a leading player in the military electronics and microwave chip semiconductor sectors in China [2]. Group 2: Financial Performance - In the first half of 2018, the company reported a revenue of 572 million CNY, representing a year-on-year increase of 112.74%. The net profit attributable to shareholders was 52 million CNY, up 478.34% compared to the previous year [3]. - New orders signed in the first half of 2018 increased by 107% year-on-year, indicating strong growth momentum [4]. Group 3: Research and Development - The company is actively involved in 26 vertical research projects, with significant progress in key projects, including the completion of all acceptance tests for nuclear high-tech projects [3]. - Collaborations with universities and military research institutes are ongoing to advance technologies in 5G, high-power microwave devices, terahertz and infrared technologies, and artificial intelligence [3]. Group 4: Competitive Position - The domestic military microwave industry is categorized into three tiers, with state-owned enterprises leading in technical strength and revenue. 成都亚光 is positioned in the second tier, slightly behind the top players [2]. - The company has a strong brand reputation built over 50 years and leads in the production of microwave circuits and components, including a full-process silicon-based chip production line [3]. Group 5: Future Outlook - The company anticipates that new orders in the second half of 2018 will significantly exceed those in the first half, with historical data indicating that second-half orders are typically higher [4]. - To address the increased demand, the company is implementing measures such as shift work and external collaborations to enhance production capacity [4].