然后也非常感谢大家关注这个热量旅行对啊好的谢谢领导那我们现在就那个正式开始吧啊因为这个方向其实我们之前也有给大家简单的做过一些那个介绍所以今天的交流呢主要是QA的方式来进行啊然后第一个就是可否请那个沈总啊先从产业趋势的角度上来讲帮我们看一下就是PBU在AICB中心上的一个应用 那么在那么说真的它的运算啊它的这个这个可能它其实是需要需要这个这个电的对吧那在电的这个东西上面它并不一定是就是会出现一些一些故障性的一些问题那么那么它所以它是需要在 响应能不能在超越一个人数毫米那么响应在秒值的同时持续能力还行的就是BDU的这个角色来源然后再往下呢UPSUPS是咋的UPS的响应其实是偏慢一点的它偏慢点它可能是在比如说在支持你然后但是UPS呢它的 我们现在在看这个GPU有很多优势在第一优势呢它是它是相对比较灵活布局因为它的尺寸啊它的它的这个这个贩用的这个机构的这个这个东西它比较灵活这是第一个第二个呢是成本如果新增很多应用就是AI的应用就处于用户的这个需求处于用户在不停的冷却那么 所以今天的那个交流呢会是业务总沈总来主讲然后相关可能有一些公司经营层面上的一些其他的问题庞总这边在做补充然后也非常感谢就是公司给了我们这样一个机会 ...

Summary of Conference Call Records Company and Industry - The conference call discusses a company involved in the semiconductor and consumer electronics industry, specifically addressing the impact of being placed on the BIS Entity List and the strategic decisions made in response to this situation [1][2][3][4][5][6][10][23]. Core Points and Arguments 1. **Regulatory Impact**: The company clarified that while its operations are compliant with regulations, the placement on the BIS Entity List has affected customer risk preferences, leading to strategic adjustments [1][2][3][4][5][6][10][23]. 2. **Asset Sale Announcement**: The company announced the sale of its product integration business assets, which is a significant strategic move in response to the regulatory challenges faced [1][2][3][4][5][6][10][23]. 3. **Financial Performance**: The company reported a significant improvement in its product integration business, moving from substantial losses at the beginning of the year to a reduced loss, indicating a positive trend despite regulatory challenges [3][4][5][6][10][23]. 4. **Customer Communication**: Continuous communication with customers and suppliers has been emphasized to mitigate concerns regarding the BIS Entity List's impact on business operations [1][2][3][4][5][6][10][23]. 5. **Future Strategy**: The company is focusing on its semiconductor business, which remains unaffected by the BIS Entity List, and plans to enhance its operational efficiency and product offerings in this sector [10][21][23][24][38]. Additional Important Content 1. **Asset Composition**: The assets being sold represent over 50% of the company's overall revenue, indicating a significant divestment aimed at streamlining operations [4][5][6][10][23]. 2. **Market Outlook**: The company anticipates a recovery in the automotive semiconductor market, expecting an end to the inventory destocking cycle within 6 to 8 quarters, which could lead to increased revenue [24][25]. 3. **Debt Management**: The company has successfully cleared its $1.5 billion debt related to semiconductor operations, positioning itself as a zero-debt entity in this sector, which is crucial for future growth [38][39]. 4. **Leadership Transition**: The call also addressed leadership changes within the company, with the current chairman stepping down from the public company role but continuing to lead the semiconductor division, ensuring continuity in strategic direction [37][39]. This summary encapsulates the key discussions and strategic insights shared during the conference call, highlighting the company's proactive measures in navigating regulatory challenges and focusing on its core semiconductor business.

18个点左右多一点不到19个点那到今年我们的光化率已经提升到了25个点那就从侧面上反映了这个非信息渠道的需求不断的在成长 呃先引渠道那肯定都是由于这个叫做呃现在特别是餐饮店啊的这个数量的一个减少我们看到了今年特别是一些个体为投资人的这个小的小型的餐饮店必定于是比较高的啊然后呢在今年呢呃以餐饮公司啊有这个 投资人的这样的一个背景的这些连锁餐饮在今年有的还在做了一些扩张所以变化还是有一些不一样但整体上来看今年的餐饮数字大家其实之前也看到好多城市披露出来都是非常我们也是有点掉眼镜的 明白明白然后这边有投资者委托我请教一下更主要就是怎么看待当前一些新渠道的这样一些发展机会比如说今年比较火的像会员超市这些商务这些包括可能就是最近比较火的像微型小店这些渠道就是怎么看待这一块对啤酒行业的影响以及我们怎么去考虑在这一块去做布局 首先我们肯定会积极的去拥抱我们的这些新的一些非现影渠道的一些变化这个其实就是反映了在现影渠道或者是我们要通过加价去买消费情绪的这些渠道在目前受到的这样的影响从而给我们整个包括啤酒在内的其他很多这样的一些 消费场景带来了一个比较大的一个变化那我们在今年呢也把这个我们的嗯渠道啊做出了重新的一个划分那比如说 ...

不管来讲从车企的一个宣传上,还是我们看到的这样的一个高压式铁力也好,或者是快充的负极也好,以及说我们性质的心态所处的这样的一个包袱行业,应该来讲都得到了一个非常快的增长。 好的大家早上 上午好啊就是非常感谢大家来参加这个信德信奈的这个交流我们在周五的晚上发布的这个骨传基地我大概介绍一下吧其实这个骨传基地我们也是一直很想很早之前就很想做了然后我们前段时间正好股票正好是回报完毕了然后也在筹划这件事情然后因为之前的第一轮的骨传基地其实是很早之前了在2017年的时候 其实对我们来说其实这个目标也不算是非常容易啊其实我们在里面也有提到就是整个的这个呃我们参照的这个行业的增速其实可能就不会我们可能还要比行业的增速要高一些因为其实我们的增量我们量的部分肯定会高于这个增速的但是输入的这个部分因为价格的话其实嗯这件就是近两年吧价量的幅度比较大所以说对我们整个输入的这个影响是比较大的因为价格方面正面稍微来说就是 嗯,股权激励这块,我看君宇你这边还有什么需要提问的吗?好的,我觉得其实也讲得非常清晰了,因为其实我们看到股权激励的这样的一个方案相应的一个落地的话,公司也出了一个比较清晰的一个公告,就是这块的话也是邀请您说先补充一下。 ...

Summary of Conference Call Notes on China Nuclear Power Company Overview - China Nuclear Power is a leading enterprise in nuclear power construction, established in December 2010, and has been continuously engaged in nuclear power construction for nearly 40 years, making it a key player in the industry [4][11][12]. Industry Insights - The nuclear power engineering sector is experiencing a competitive landscape with significant growth potential, driven by increasing government approvals for new nuclear projects. The number of approved nuclear units has been rising since 2019, with 4 units approved in 2019, 4 in 2020, and 5 in 2021 [18][21]. - The total installed capacity of nuclear power in China is expected to reach 70 GW by 2025, with a long-term target of 131 GW by 2030 and 169 GW by 2035, indicating substantial future construction opportunities [19][21]. - The construction cost for nuclear power plants is estimated to range from 150 to 190 billion CNY, with equipment procurement accounting for approximately 4% of the total cost [20][21]. Financial Performance - In the previous year, the revenue from nuclear power engineering was approximately 15 billion CNY, reflecting a year-on-year increase of 30%. The overall revenue for industrial and civil engineering reached 35.7 billion CNY, accounting for about 65% of total revenue [6][7]. - The company's net profit for the first three quarters of the current year was 1.455 billion CNY, a 3% increase year-on-year, indicating stable growth [7][10]. - The gross profit margin for nuclear power engineering was around 35%, while the gross profit margin for civil engineering was approximately 51% [6][7]. Strategic Developments - The company is focusing on transforming its business model to enhance its core competencies in nuclear and civil engineering projects, which are characterized by high barriers to entry [2][3]. - There are ongoing mergers and acquisitions within the industry, particularly concerning assets related to nuclear power, which are expected to strengthen the company's market position [2][3]. - The company is also involved in the maintenance and repair of nuclear power units, which is a growing segment with significant long-term potential [5][11]. Key Challenges and Opportunities - The nuclear power sector faces challenges related to regulatory approvals and public perception following past nuclear incidents. However, the increasing demand for clean energy and government support for nuclear power development present significant opportunities for growth [18][19]. - The company is expected to maintain a manageable debt level, with a current debt ratio of approximately 82.13%, which is higher than the industry average of 75% for state-owned enterprises [10][12]. Conclusion - China Nuclear Power is well-positioned to capitalize on the growing demand for nuclear energy in China, supported by a robust pipeline of projects and a strategic focus on enhancing its operational capabilities. The company's financial performance reflects a positive trajectory, and its involvement in the nuclear power sector is expected to yield substantial returns in the coming years [6][19][21].

涉嫌违反上述情形的我们将保留一切法律权利感谢您的理解和支持 谢谢大家好 欢迎参加法西加电的参谋会到加玛东南亚产能里头建储建工厂目前所有的参会者均属于精英状态在演讲结束后请给大家留有提问时间现在有请主持人开始发言 谢谢喂 当前实践的也是我们明年也是非常看好国创的这个团体那我下面就是分别做他两个主要业务一个是加电一个是气流分别说一下他的逻辑那加电业务的话呢公司最早是做这个电机起家的那后面是衍生为了这个海外头部家庭品牌的体系代工他加电这边的逻辑呢就是ODM客户那里的这个品位扩张跟份额扩张那加电整个这块业务呢去年是28亿的收入那25亿呢 那从拓展节奏上也能看到了,因为发展仪价它其实是这种就是家电是它品类比较多啊。那对于小家电这种东西,就是它这种品类本身就是呃,新品开出的节奏比较快,新品开发周期比较短啊,所以我们能看到呢,它给发展仪价代工这块的业务的增长是非常可观的。 德昌呢,他能从这个清洁切换到现在的一个职业,就是工具这边,那这个也是后面的一个开锁逻辑。那第四个逻辑其实就是一个,除了客户以外吧,就是一个新品类的一个扩张,就是公司他其实还做了这个除垫,就是从过去的清洁、小家电扩展到除垫。那我们也能看到呢,前两天呢,公司 ...

各位参会人员本次会议观点和信息仅限于此次受邀的海通证券客户中的专业投资者参考所有参与者均负有合规参会义务和保密义务严禁私自录音录像 道听科技的这个交流汇报我提的还是卫星的马克音道听的话之前被大家所除之是因为空间中出海的这个逻辑那今天上半年的股价还是比较不错的超出收益的然后今天下半年包括最近那其实股价也有些也有些不错的表现那这个主要的逻辑还是在于公司 严禁传播会议纪要或泄露会议内容严禁发表诱导他人发表或传播违规言论市场有风险 投资需谨慎投资者应自主独立决策一海之言 一海通达 海通研究小程序金门财经 全时等是研究所指定会议平台各位听众朋友们早上好今天由我和我们组的这个胡锡进老师一起主持 在AI领域有一些新的布局包括上周跟宇思科技签了关于AI产品的相关的一些合作协议然后包括公司本身它的下股东旗下有两家做相关AI包括无人机的公司实际上后续也会给上述公司做一些业务的修成的困难具体的情况今天也听了门主的 胡老师来给大家先讲一讲好的 谢谢马老师各位领导 大家上午好那么我汇报一下就是淘通的上周交流关于AI这块的一个主要内容首先就是公司在上周交流会上然后也是重点展示了AI领域的一个进展 像集团层面包括AI然后加机器人再加无人机 ...

Key Points Industry and Company 1. **Industry**: The focus of the discussion is on the aerospace and defense sectors, specifically highlighting the trends in aircraft material composition and missile technology. 2. **Company**: The primary company discussed is Chujiang New Material, a company involved in traditional materials and military businesses, with a focus on carbon fiber composites and other advanced materials. Core Views and Arguments 1. **Aerospace Material Composition**: There is a clear trend towards the use of composite materials, particularly carbon fiber composites, in aircraft structures. This trend is expected to continue, leading to increased demand for companies involved in carbon fiber production and processing. 2. **Missile Technology**: The missile industry is experiencing a shift towards higher performance and advanced materials. High-temperature-resistant materials, such as carbon-carbon composites, are becoming increasingly important for missile applications. 3. **Chujiang New Material**: The company is well-positioned to benefit from these trends due to its involvement in carbon fiber production and its military business, particularly through its subsidiary Jiangsu Tianniao. Other Important Points 1. **Chujiang New Material Business Segments**: The company has two main business segments: traditional materials and military businesses. The traditional materials segment includes precision copper strips, copper alloys, copper conductors, and precision special steel. The military business segment includes two subsidiaries: Dingli Technology and Tianliang New Material. 2. **Jiangsu Tianniao**: This subsidiary specializes in carbon fiber composites and is expected to benefit significantly from the increasing demand for high-performance materials in the missile industry. 3. **Financial Performance**: Chujiang New Material has seen fluctuations in profitability due to various factors, including market conditions and product mix. However, the company is expected to see improved profitability in the future, particularly in its military business segment. 4. **Valuation**: The company is valued at approximately 18 billion yuan, with a focus on its military business segment, particularly Jiangsu Tianniao. References 1. [doc id='1'] 2. [doc id='2'] 3. [doc id='3'] 4. [doc id='4'] 5. [doc id='5'] 6. [doc id='6'] 7. [doc id='7'] 8. [doc id='8'] 9. [doc id='9'] 10. [doc id='10'] 11. [doc id='11'] 12. [doc id='12'] 13. [doc id='13'] 14. [doc id='14'] 15. [doc id='15'] 16. [doc id='16'] 17. [doc id='17'] 18. [doc id='18'] 19. [doc id='19'] 20. [doc id='20'] 21. [doc id='21'] 22. [doc id='22'] 23. [doc id='23'] 24. [doc id='24'] 25. [doc id='25'] 26. [doc id='26'] 27. [doc id='27'] 28. [doc id='28'] 29. [doc id='29'] 30. [doc id='30']

然后2024年的整个的一季度到三季度以省外的营业收入达到22亿同比增长8.29毛利率19.2同比增长应该是0.27%然后收入增长和毛利的增长其实也是好于省内的内蒙应该说是其他地区的营业的大幅改善也是带动了对于省外的减亏的一个向好的一个预期然后24年的上半年来讲的话内蒙为了会2000万的营利同比增长240% 二 嘉宾所说信息或所表述的意见均不构成这商证券研究所研究观点如果嘉宾发布的观点和这商研究所发布的观点有分歧或不一致这也仅作为一种不同的研究视角供投资者参考 供应链的一个大的一个变局的角度线下的整个的价格端底部向上公司存量门店持续调整结束然后调改加速商品和整个的服务端持续货客升级费用率的下降省外从整个的规模转向盈利现有的门店大幅减亏新鲜态布局加速折扣和整个的烘焙进入一个验证和应该说是快速的复制期 3、依照监管要求和保密原则未经合法授权严禁录音、记录、转发感谢您的理解和配合若本次交流内容不慎流出或涉嫌违反上述情形的我们将保留追究法律责任的权利再次感谢您对这项证券的理解和配合谢谢 那从应该说是公司的角度来讲的话第一个就是也是在持续的改造升级调改的方向来讲的话其实是做品质性价比品质性价比所以可以看到增加了很多的烘焙 ...

Industry and Company Overview * **Industry**: Automotive industry, specifically focusing on gearboxes and drivetrain components for both traditional and electric vehicles. * **Company**: A leading manufacturer of gearboxes and drivetrain components for the automotive industry. * **Key Business Segments**: * **Traditional Fuel Vehicles**: Gearboxes for traditional vehicles, including AT and DCT automatic transmissions. * **Electric Vehicles**: Gearboxes for electric vehicles, including parallel and planetary gearboxes. * **Hybrid Vehicles**: Gearboxes for hybrid vehicles, including parallel and planetary gearboxes. * **Commercial Vehicles and Construction Equipment**: Gearboxes for commercial vehicles and construction equipment. * **Intelligent Manufacturing**: Intelligent manufacturing solutions and execution systems. Key Points and Arguments * **Overall Business Performance**: * **Q4 2024**: Expected to be stable with a slight upward trend compared to Q3 2024. * **Full Year 2024**: Expected to achieve over 500,000 units of sales for electric vehicle gearboxes. * **Traditional Fuel Vehicles**: Expected to maintain a stable market share with no significant decline. * **Electric Vehicle Gearboxes**: * **Domestic Market**: Strong market share and competitive advantage. * **European Market**: Secured projects with Selantis and other European customers. * **Capacity Expansion**: Planned to increase capacity from 6 million units to 7.5-8 million units in 2025. * **Hybrid Vehicle Gearboxes**: * **Customization**: Higher customization and pricing compared to parallel gearboxes. * **Market Potential**: Expected to grow due to increasing demand for hybrid vehicles. * **Traditional Fuel Vehicles**: * **Market Share**: Expected to remain stable with no significant decline. * **Focus**: Maintaining existing customer base and resource allocation. * **Commercial Vehicles and Construction Equipment**: * **Stable Performance**: No significant growth or decline expected. * **Intelligent Manufacturing**: * **Strong Growth**: Expected to achieve over 60% growth in 2024. * **Future Outlook**: Expected to become a major revenue driver alongside electric vehicle gearboxes. Other Important Points * **Capacity Allocation**: Based on market demand and customer orders, with flexibility to adjust resources as needed. * **Customer Management**: Diversified customer base with no reliance on a single customer. * **Competitive Advantage**: Strong manufacturing capabilities, product diversity, and technical expertise. * **Market Opportunities**: Growing demand for electric and hybrid vehicles, as well as intelligent manufacturing solutions.