好的各位投资者大家早上好我是华安化工的首席老乡风今天我们组织的是卫星化学三级爆的电话交流会然后我们请到的是公司的服装总监李洋总来给大家对公司三级爆的一个业绩做一个详细的一个拆分然后我们看其实公司三级爆其实非常超一期在很多化工公司三级爆整体 主要这个背景下其实卫星整体还是比较超预期的我们看就是扣碑的这个铜笔还有黄笔都实现了比较大的一个增长然后那我们接下来请杨总先准备介绍一下公司三地贸一个情况然后大家有问题可以再跟公司做深入的一个交流杨总好的感谢长峰感谢广安号工组织 这场三级度业绩交流会各位投资人稍午好下面我先介绍一下公司三级度的业绩的一个情况另外我们整个投资团队包括我们财务的同事也在线大家有什么问题咱们后面也就有评论时间首先就是公司昨晚也是发布了三级报 三季度的话公司实现了年收入128.7亿元同比增长9.9%规模净利润16.4亿元同比增长2.1%扣费18.5亿元同比增长28.6%如果从管理的数据来看的话三季度管理二季度营收增长了21.5%规模净利润增长了58.5% 扣飞经营人稳比增长了58.4%如果从整个前三季度来看的话公司的营业收入322.8亿元同比增长了0.7%规模经营人36.9亿元同比增长7.6%扣飞40 ...

Summary of Conference Call on Humanoid Robot Industry Industry Overview - The conference focused on the humanoid robot industry and the opportunities arising from the domestic supply chain [1][2]. Key Points 1. **Market Sentiment and Expectations** - There has been a general disappointment in the market regarding the lack of significant milestones in humanoid robot development, particularly due to Tesla's announcement of limited production targets for 2025, estimated at only a few thousand units [1][2]. 2. **Current State of Humanoid Robot Production** - Despite the absence of formal milestones, the humanoid robot project is nearing a state of mass production, with some private sector orders already received [1][2]. - The supply chain has shown signs of alignment, with various suppliers' production blueprints converging, indicating a move towards standardization in the industry [1][2]. 3. **Technological Advancements** - The humanoid robot has undergone significant hardware improvements, with notable advancements in components such as arms and legs, leading to enhanced flexibility and functionality [1][2]. - Tesla's recent WeBotX event showcased a new robot with improved dexterity and capabilities, including better object handling and environmental awareness [1][2]. 4. **Future Production Goals** - Projections for 2026 indicate a substantial increase in production targets compared to 2025, with expectations of a significant ramp-up in output [1][2]. 5. **Investment Opportunities** - The analysis suggests a growing number of suppliers entering the humanoid robot market, indicating potential investment opportunities in companies involved in various components of the robots [1][2]. - Key players identified include established companies like Sanhua and Topband, as well as emerging firms in the supply chain [1][2]. 6. **Domestic Competitors** - Domestic humanoid robot manufacturers, such as UB Tech and Xiaopeng, are making significant strides, with new product launches and advancements in technology [1][2]. 7. **Market Conditions** - The current market conditions are favorable for investment in the humanoid robot sector, as the industry has seen a decline in stock prices, presenting potential buying opportunities [1][2]. 8. **Investor Sentiment** - There has been a noticeable decrease in institutional holdings in the humanoid robot sector, suggesting a cautious approach from investors despite the underlying technological advancements [1][2]. Additional Insights - The conference highlighted the importance of continuous monitoring of technological developments and market dynamics in the humanoid robot industry to identify potential investment opportunities [1][2].

各位投资者大家早上好那么我是广发证券机器行业的分析师孙宏洋那么这场会议呢这个也给大家更新一下关于整个这个机器人板块啊这个最近的一些变化和我们对于整个量产的一些节奏和预期 嗯应该说整个机器人板块呢其实在这个十月份的表现啊其实不是一个板块性的这个行情啊更多的呢就是个股上的一些机会啊比如说北特啊双菱这些公司可能走的会比较强但是呢大部分标的其实在这个十月份啊他的走势呢是是是这种上上下下啊振动的一个这个走势而且呢也是可能整个科技板块里面啊仅有的还没怎么长一个方向了啊 那么昨天的可能市场也在传言啊就是有一些这个量产的信息出来可能对26年的一个展望也会比较乐观一点呃那么我们就给大家梳理一下整个最近这个九月份十月份啊机器人板块到底发生了哪些变化然后呢产业链啊这个为了量产都做了哪些准备 应该说这个最近的一个比较重磅的一个活动大家也看到了就是在10月11号特斯拉举办的这个WeRobot发布会现场展示了这个人形机器人Robotaxi这些产品 但是可能很多投资者之前对这个发布会的预期是比较高的尤其是关注机器人这块可能会预期有三代产品的发布但是现在是现场没有发布所以大家可能有一些投资者会认为这个发布会比较低预期了我们首先要明确一点就是 ...

各位投资者同事好我是深爱骑士的分析师张敏延今天和大家分享一下一个新的变化可能陆陆续续的之前也有和一些朋友有交流过周中的时候其实我们也在群里面发过一篇文章是关于BRD明年的一个智能化的一个变化这个事情现在应该是一个比较确定的事情 过程会比较复杂就是里面的细节和整个决策流程是比较复杂的如果大家有兴趣我们可以私下再聊聊现在的实际的结果就是我们了解到的情况是明年公司会在目标会在十万以上的车型上面基本会普及中高阶的正能驾驶然后这套方案的载体就是两套应用平台两套标准的应用平台 这个其实和昨天长安的深蓝的那个起源的那个思路是有点像的它底下有两套标准的一个平台7V5A和11V5A然后基于这两套平台背后可以去适配英伟达的方案地平线的方案或者华为的方案华为可能比较难但是地平线和英伟达是肯定可以适配 目前的想法是70%的量会给英伟达然后30%是地平线以及华为等所以带来的这个结果有可能就BID会在明年打一张牌叫职能平权这个现在大家已经喊了很久了但是真正平到10万块钱这个价格大概其实还是从来没有人做过的 那比亚迪在过去 我们可以复盘一下看看就是过去几年比亚迪喊出的这个口号就油电平权 然后电力油低明年如果再喊一个油电平价其实也不足为奇那 ...

Key Points Industry and Company - **Industry**: The company operates in the optical communication industry, specifically focusing on silicon photonics and optical modules. - **Company**: The company is a leading player in the industry, with a strong focus on research and development in silicon photonics technology. Core Views and Arguments - **Revenue Growth**: Q3 revenue experienced a year-over-year growth of 9-10%, driven by strong order demand. However, delivery gaps were significant due to material shortages. - **Gross Margin**: Gross margin remained high and stable, with a Q3 consolidated gross margin of 33.6% compared to 33.4% in Q2. - **Net Profit**: Net profit increased by over 80 million yuan compared to the previous quarter, reaching 1.465 billion yuan. The appreciation of the RMB in late September had a significant impact on the company's financials, leading to exchange losses of over 80 million yuan in Q3. - **CPO Layout**: The company has made significant investments in R&D for silicon photonics chips, including 400G, 800G, and 1.6T. It also possesses the technology to develop CPO silicon photonics engines and is actively involved in R&D. - **Material Shortages**: The company has been affected by material shortages, particularly in DSP and optical chips. However, it has adopted a hedging strategy to mitigate the impact. - **Domestic Suppliers**: The company is actively working with domestic chip manufacturers and has already started using some domestic CW sources in certain models. - **Silicon Photonics**: The company plans to increase the proportion of silicon photonics shipments, particularly in 800G and 1.6T solutions. It expects to see a significant increase in silicon photonics shipments in Q4 2024 and 2025. - **1.6T Silicon Photonics**: The company expects to start shipping 1.6T silicon photonics solutions in Q4 2024, particularly in December. - **Exchange Rate Fluctuations**: The company experienced exchange losses of over 80 million yuan in Q3 due to the appreciation of the RMB. However, this was a paper loss and not an actual loss for the company. - **Capacity Expansion**: The company is continuously investing in capacity expansion, both domestically and overseas, to meet the growing demand for high-speed products like 800G and 1.6T. - **Material Shortages**: The company expects material shortages to continue in 2024, with a potential缓解 in the first half of 2025. It plans to increase its procurement of EML in 2025 to improve delivery capabilities. - **CPO**: The company is actively involved in the development of CPO products, both independently and in collaboration with customers. - **Excess Capacity**: The company is considering increasing capacity in 2025 and 2026 to meet the growing demand for high-speed products. - **Material Price Increases**: The company has confidence in passing on price increases to downstream customers, particularly for key materials like EML and optical chips. - **Silicon Photonics vs. Traditional Solutions**: The company offers different solutions based on customer needs. However, 3.2T presents a greater challenge for EML. - **Expansion**: The company is expanding its production capacity in both China and Thailand to meet the growing demand for high-speed products. - **Customer Interest**: Most customers are interested in using the company's silicon photonics products, particularly in 2025. - **Material Shortages**: The company expects material shortages to continue in Q4 2024, with a potential significant improvement in Q1 2025. - **Price Transmission**: The company has confidence in passing on price increases to downstream customers, particularly for key materials like EML and optical chips. - **Co-linearity**: Most production lines can be used for both EML and silicon photonics solutions, except for some coupling processes. - **Price Negotiations**: Most customers will negotiate prices with suppliers in Q3 and Q4 2024 for 2025, with some models being priced based on the time of introduction. - **Hedging**: The company is considering using hedging products to mitigate exchange rate risks. - **Silicon Photonics vs. EML**: CW sources can save half the number of traditional EMLs and are cheaper, providing a clear advantage in the BOM. - **Silicon Photonics Supply**: The company has long-term partnerships with suppliers for traditional EML and can also find new suppliers for CW. - **Order Visibility**: The company can see some orders for Q1 2025, with strong demand expected for 800G and 1.6T products. - **Delivery Capabilities**: The company expects to improve its delivery capabilities in Q4 2024, particularly due to the increased proportion of silicon photonics shipments. - **Profitability**: The company expects to maintain stable margins in 2025, driven by strong demand for upstream chips and modules, as well as cost reduction efforts. - **Optical vs. Copper**: Optical modules are primarily used in switches and network architectures, while copper cables are used for short-distance connections. However, optical technology has the potential to enter these scenarios in the future. - **Margin Improvement**: The company's gross margin is expected to increase due to the strong demand for 400G and 800G products, as well as improvements in yield and cost reduction efforts.

荣幸的请到三维公司的主要股东吴总以及三维联盟基地的总工程师邓总两位领导出席我们今天晚上的电话会议核心就是讲一下最近PGO的近况最近这段时间价值还是一直往上走的而且可能后面还会有进一步的涨幅然后接下来还有一期就是三维股份对策方面的布局所以现在请吴总吴总要不您先给我们讲一下大致情况好的 各位领导晚上好我是三维集团二股东吴善古中心的会议大家在弹幕之中参加我们这个会议只要今天晚上我叫我们的内蒙三维邓总首先隆重的介绍一下我们内蒙三维BTO的整体项目的改划邓总 郑总 我在呢这样吧 由您来介绍我们内蒙三围的整体的开发以及各位领导到时候所提问的我们做做出一一的解释嘛 好吗好的 好的 好的 好的各位领导 大家好很荣幸参加这个会议感谢大家一直以来对战狼公司的支持 单位公司内幕单位公司是成立于2021年的6月份2021年的12月份就拿齐了所有的环屏 门屏包括披布手续合法的建设了主要建设是以90万吨VDO为主体上游是设计了一个120万吨的电池项目电池作为VDO的原料作为原料的建设120万吨的电池项目 下游是建设了60万吨的PTAG和50万吨的PTMG整个产业链是相对科学来讲非常合理的在建设过程当中我们是2022年的3月13号开始现场 ...

美军抗战拿过来 好的各位投资者大家早上好我是中金基建研究员郭文秀今天和我共同主持的也有我的同事孟茨首先欢迎各位投资者参加物产金轮的三级包业绩的交流会我们也非常荣幸的邀请到了公司的两位领导分别是公司的董秘 仇总以及公司的乔总兼高总来为大家解读一下我们公司今年前三季度发展的情况接下来的话我们就先把时间交给仇总 好的 大家好公司昨天刚刚发布了三级报然后今天也很高兴郭老师为我们组织了这场活动我先花几分钟时间简单的把公司的基本情况 以及三级报的可能因为只有总数可能几个主要产品的一个基本情况做个简单介绍然后后面各位老师看看有没有什么需要展开哪个角度上面再细化一下我们再来互动一下公司整体上应该是2014年上市那么上市之前我们做的是一个纺织梳理器材 在这个大大仿制的这个行业里面也深耕了多年也成为一个行业的龙头那么上市以后2015年收购了不锈钢装饰板这个业务那么这两块业务加起来接近我们整体的业务这个体量的接近90% 其他的还有两块非常小的我等会简单介绍然后上市以后这么多年也做了一些其他领域的业务的一些探索尝试总体上不是太成功一直到2022年我们原失控人年龄的关系健康的问题还有接班人的问题等等综合来他最后决策将控制权就卖给了物产 ...

Summary of Conference Call Transcript Company Overview - The company positions itself as a global power equipment supplier, focusing on technological research and innovation [1] Core Points and Arguments - The company is actively promoting its technological research and innovation to enhance its market position [1] Other Important Content - The mention of the third quarter operating conditions indicates ongoing efforts to maintain a competitive edge in the industry [1]

各位这次我们从上周二开始推出疫情聊低空这已经第四期了那在上周当中整个我们这个华盛顿单元低空六年指数早就应该说是非常显著的在整个上周整个指数涨了13%那这个购买表现也是非常精彩 那当然从整个9月24号到这个开始一直到这个6月28号这段时间内我们发现低空60的这些标的当中有三个其实实现了这个翻倍因此这个新生科技那涨幅第一来自于新的涨幅第二那塑胶科呢涨幅第三那都在1%以上 那都是客套版和串燃版的企业因为它可以最高奖励可以到这个20%那但是我们会发现还同样还有另外一部分就是都在围绕整个范公馆信息就范公馆信息化这个领域当中在做一些推进那当然这也是所谓我们之前对于产业投资的这样一些重点关注的这样一个方向那今天的话我们对这个辞要是这个辞教课做了一个布置因为是近期强势的表现的这样一个标的 但我们在这个第一期我们主要是围绕组织厂商视角去看阿尼亚新年我国载人这个市场它的工厂市场就低工市场发表怎么样的一个空间那第二期我们是从运营端去看这个风险海志那第三期的时候呢我们讲的是这个双链对于近期强制股的这样一个透视是在雷达通道线市场这个重要环境当中做了一个这样分析那今天苏妖科呢他从设计规划位置上我们看设计规划位置上怎么样来切入这个低工经济 ...

各位投资者大家早上好非常感谢大家接入我们招文汽车815的系列电话会我们今早向大家报告的是我们关于瑞鸿模具的进矿的梳理和投资逻辑我们认为公司刚刚发布的三级报从财务数据来看的话表现还是非常不错的也是符合年初以来的预期 同学们公司的两大主要投资逻辑第一个 中高端冲压模具的国产期待以及第二个跟随奇瑞以及华为世界等等在汽车零部件方面的一个放量并发挥模具和零部件的联动优势这两个逻辑都在持续兑现并有希望的在明年进一步的放大因此考虑到公司近期的估值主要对应今年和明年19和15倍的提议 明年的增速仍然有希望取得20%多到30%的增速目前的估值我们认为仍然是比较有吸引力的因此对公司也是继续推荐首先说一下三级报的情况公司前三个季度是营收17.3亿同比增长33%规模经济论的2.5亿同比增长64% 其中单三季度营收是6.1亿元,同比增长38%,环币基本上持平。硅谷金融润之三是0.9亿元,同比大增42%,环币是增长6%。 从盈利能力来看的话,单三季度净利润率是17.2%,同比是增长了1.6个百分点,环比是增长了1.1个百分点,毛利率是24.5%,同比是下降了4.6个百分点,环比是基本趋平。 那我们从这个公司的业务拆分来看的话,三季度的营 ...