潍柴动力240625 ...

2024 年 06 月 26 日 10:54 就是我们的议程可能是先是我这边做一个简要的开场介绍。后面的话方总先就我们公司 AI 的项 业务做一个分享，然后后面再进入到一个互动问答，大概是这么一个流程和环节。首先的话我 们知道上一周在华为的 20HTC2024 的这个大会上面，华为除了发布大家关注的这个鸿蒙 max 以外，也是正式的发布了他们的这个盘古 5.0 的升级。这个大模型的话，它在像全系列，多模 态，还有对应的这个强思维方面，也是做了比较多的这种升级。而且的话，也是要去富恒这个 千航伟业。那其中的话，就是我们能科技，也是华为盘古模型在这个智能制造的领域的核心的 合作。并且的话我们能够经过这么多年的一个持续的这种布局和进阶了，现在的话也是和华为 的这个合作等级是不断的升级。现在也是在相应的领域是我们最为核心的，我们叫钻石级的伙 伴。 那今天的话也是很荣幸的邀请到张总，方总先就你，要不然您这边先就我们公司和华为的合作， 包括说跟 AI 业务这边的一些相关的情况，先跟投资者做一个分享。好的，感谢于老师，也感谢 各位投资者占用大家晚上的时间，我是能科的董秘方一夫。然后上周末我也是在松山湖也全程 参加了华为的 ...

发言人 09:03 更多一手调研纪要和研报数据加V：shuinu9870 对，然后 2021 年的话我们能够看到就是 2021 年我们看看到 3C 部分的增速还是比较快的。但 是当年的利润的话只有 1.4 个亿左右，同比是下滑了接近是 32%左右的一个水平。然后这一块的 话下滑主要是因为当年公司那个新能源业务 2021 年到以及 2 0222 年公司新能源业务的增速是 比较快的。然后新能源业务这一块可能相对毛利率又会比相对于三四的这个部分相对有是比较 低的一个水平。就导致可能导致 2021 年公司的综合毛利率是下滑了，下滑到 33.6%左右的一个 水平。主要是因为业务产品的那个产品结构导致的。然后我们继续回到 2022 年的话，随着营 收的增长以及规模的这个规模效应有些凸显出来的话，就整体 2022 年公司的利润端的一个增 速是非常显著的。从 2021 年的 1.4 个亿，然后一直到 2022 年的 3.1 个亿左右这样的一个水平。 发言人 15:28 第二个对这个就是自动化设备。第二个的一个驱动，一定是他是跟着客户的创新去走的。就像 公司 2021 年他那个时候因为那个 mini LED 这一块的一个更新， ...

2024年06月26日 13:01 我们去年也我们看到去年的话受到军品市场内部调整的影响,业绩也是有一个下滑。但是我们看到Q一 同比恢复的还不错，所以我们也开始的话也先有请郭总帮我们介绍一下公司今年以来看到的一个军品市 场的复苏的趋势，以及我们刚才讲到的一些新品类上面的拓展的进度。有请。 | --- | --- | |--------------------------------------------------------------------------------------------|-------| | | | | | | | 实际上从去年的四季度开始，我们就感觉到军品市场是在一定程度的在恢复，特别是我们的大客户航天 | | | 科工三院,恢复是最明显的。二三年和22年比较起来,公司业绩大幅下滑的一个最重要的原因就是是科 | | | 工三院的订单的下降。那么从去年的11月底开始，三月下单的节奏就比较正常了，然后今年的一季度这 | | | 个报表上也有所体现。所以我们在在军品这个光纤陀螺这个宽场上，说个量要的客户，像航天科工三 | | | | | 我们感觉到在生产的这个产量数量上和22年差不多 ...

| --- | |--------------------------------------------------------------------------------------------| | | | 首先刚刚主持人也提到，我们在6月14号，也就本月重磅发布了几大新品。其中一个是包括我们的微晶 | | 陶瓷玻璃,第二个就是我们的af烧结油墨的解决方案,第三个是我们的发光保险杠的图层解决方案,以 | | 及大家市场非常关注的我们的新能源动力电池的一个材料加工艺的这样一个综合解决方案。所以整体来 | | 说这五大新品都代表了风景过去几年的一个技术沉淀的一个成果。最主要的是本次新品正式向全市场发 | | 布的话,代表着说公司在这几个新品在技术路线以及在商业模式上面都取得了一定的突破。而且是计划 | | 全市场的进行一个下游的推广。这也是我们新型功能涂层材料行业的首次举办，也是国内唯一一家真正 | 发言人3 04:15 好，这个项目它会给东京带来一个什么样的一个意义呢？一个是玻璃，它会给我们的最主要的就是nf或 者是油墨上面的应用会带来一个大量的协同。我们俗称说是一个生态协同效应，联动我们的相关的产品 ...

潍柴动力深度及重卡行业汇报_纯图版 ...

会议要点 人形机器人的下一步发展将侧重于构建完备的数据集、操作系统和工具链，以便在工业和家庭 服务等实际场景中进行深度落地。目前，人形机器人本体结合华为的大脑技术，以及合作客户 的场景，共同推进项目实施。 华为在人形机器人领域并未涉及本体制造，而是专注于提供机器人的大脑部分，即数据集和大 模型技术框架。这表明华为在人形机器人领域的合作更侧重于软件和技术框架的整合。 4、供应链与成本控制 5、传感器与控制系统 6、散热与场景应用 人形机器人的量产计划今年预计交付约 300 台，主要集中在科研和教育领域。与海尔等企业的 8、合作深化与行业展望 华为与专家所在公司于今年 4 月签滥订战略合作协议，合作聚焦于人形机器人领域，特别是华 为云的盘古大模型技术框架的整合，以及人形机器人本体和运动控制技术的开发。双方合作旨 在 HDC 开发者大会上展示亮点功能，推动人形机器人技术的实际应用落地。 人形机器人目前关注度高，但实际滥应用中需解决数据集、操作系统等技术问题。专家认为， 未来人形机器人的突破将依赖于数据集的完备性和操作系统的成熟度。在应用场景上，工业场 景因环境变化不大、使用要求相对宽松，成为首选的落地领域。 机器人 ...

Financial Data and Key Metrics Changes - Huawei's HarmonyOS has surpassed iOS in penetration rate in China, indicating a significant shift in market dynamics [2][9] - The global market share of HarmonyOS reached 4% as of Q1 2024, with a domestic market share of 17% [9][20] - Huawei's smartphone sales have shown a recovery trend, with the Mate60 series achieving 2.4 million units sold within eight weeks of launch [16][17] Business Line Data and Key Metrics Changes - The hardware ecosystem for HarmonyOS is expected to continue improving, with a projected increase in hardware shipments in 2024 [2][16] - Over 5,000 applications have joined the HarmonyOS ecosystem, with more than 1,500 applications already launched [27][28] - The sales of Huawei's high-end smartphones have rebounded, capturing 5% of the global high-end smartphone market [16][20] Market Data and Key Metrics Changes - The penetration rate of HarmonyOS in China has crossed the critical threshold of 16%, which is expected to encourage software developers [20] - The global smartphone market is witnessing a shift, with Huawei regaining market share previously held by Apple [16][18] - The smart watch and tablet segments have also seen significant growth, with smart watch shipments increasing by 56% year-on-year [20] Company Strategy and Development Direction - Huawei is focusing on expanding its overseas market presence while establishing its software ecosystem [18][20] - The company aims to leverage the OpenHarmony platform to create a diverse ecosystem that supports various business models [28][31] - The strategy includes enhancing the HarmonyOS ecosystem through partnerships and developer engagement [27][28] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of software ecosystem development for future growth, particularly in light of the competitive landscape [2][20] - The company is optimistic about the long-term prospects of HarmonyOS and OpenHarmony, driven by advancements in AI and IoT [2][28] - Management acknowledged the challenges posed by intensified industry competition and the need for rapid ecosystem expansion [2][28] Other Important Information - The HarmonyOS NEXT is positioned as a fully self-developed operating system, marking a significant technological advancement [7][9] - The company has initiated various programs to support developers and enhance the application ecosystem [27][28] - OpenHarmony is being positioned as a viable alternative for B-end and G-end applications, with a focus on domestic demand [28][33] Q&A Session Summary Question: What are the expectations for HarmonyOS's market penetration? - HarmonyOS has surpassed iOS in China, with a penetration rate exceeding 17%, and is expected to continue growing as the software ecosystem develops [2][9] Question: How is Huawei addressing the competition in the smartphone market? - Huawei is focusing on high-end smartphone sales recovery, with the Mate60 series significantly contributing to market share gains [16][20] Question: What is the outlook for OpenHarmony's ecosystem? - OpenHarmony is expected to thrive with diverse applications across various industries, supported by a growing community of contributors [28][31]

Financial Data and Key Metrics Changes - The company's revenue for 2023 was approximately 2.824 billion yuan, showing a year-on-year decrease of 6.55% [26] - The net profit attributable to the parent company for 2023 was 201 million yuan, with a year-on-year decrease of 1.97% [26] - The company expects revenue growth rates of 37.53%, 26.42%, and 22.33% for 2024, 2025, and 2026 respectively [26] Business Line Data and Key Metrics Changes - The "Jiu Lian Jiu" store achieved sales of approximately 80.15 million yuan in 2023, with a year-on-year growth of 310% [2][4] - The non-standard product sales accounted for about 20% of total revenue, with significant growth potential [6][23] - The top-selling product, "Six-Year Jiao Tou Qu," generated online sales of approximately 370 million yuan in 2023 [17] Market Data and Key Metrics Changes - The online sales of liquor reached over 120 billion yuan in 2023, with a year-on-year growth of 56.4% [53] - The penetration rate of online liquor sales is approximately 10%, indicating significant growth potential [53] - Douyin's platform saw liquor sales reach 300 billion yuan, with a year-on-year growth of 144.17% [53] Company Strategy and Development Direction - The company is focusing on expanding its brand partnerships, including collaborations with well-known liquor brands like Luzhou Laojiao and Moutai [22][23] - The strategy includes enhancing its presence on Douyin and other live-streaming platforms to leverage the growing trend of online sales [22][23] - The company aims to increase its non-standard product offerings, which have higher profit margins compared to standard products [6][14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing consumer preference for online purchasing, particularly through live-streaming platforms, as a key growth driver [13][22] - The competitive landscape is intensifying, with traditional channels facing challenges, prompting a shift towards online sales [38][39] - The company anticipates a continued upward trend in online liquor sales, driven by changing consumer behaviors and preferences [53] Other Important Information - The average commission for the company's sales is approximately 0.96%, with a significant focus on improving profitability through non-standard products [4][6] - The company has established a strong product matrix, with non-standard products showing robust growth potential [6][17] Q&A Session Summary Question: What are the expected growth rates for the company's revenue and profit in the coming years? - The company expects revenue growth rates of 38%, 26%, and 22% for 2024, 2025, and 2026 respectively, with net profit growth rates of 34%, 28%, and 23% [26] Question: How is the company adapting to the changing market dynamics? - The company is actively expanding its online presence and partnerships with leading liquor brands to capture the growing online market [22][23] Question: What are the risks associated with the company's growth strategy? - Key risks include food safety concerns, potential slower-than-expected online penetration rates, and intensified industry competition [28]

证券研究报告：电子 | 公司点评报告 2024年6月24日 股票投资评级 盛美上海(688082) 买入|维持 HBM 高景气，清洗、电镀新增长 个股表现 ⚫ 投资要点 TSV 作为 HBM 核心工艺之一，带动公司清洗与镀铜设备增 盛美上海 电子 9% 长。目前公司全线湿法清洗设备及电镀铜设备等均可用于 4% DRAM(高带宽存储器 HBM)工艺，SAPS 兆声波单片清洗设备用于 -1% -6% TSV 的深孔清洗，使其漏电流减少 2-3 个数量级；镀铜设备被多 -11% 家大客户用于 TSV 的镀铜。未来，HBM 市场将成为公司的巨大增 -16% 长点，今后公司的 PECVD 设备及炉管 ALD 设备也将应用于 HBM 的 -21% -26% 生产线。 -31% 清洗设备：公司专有的 SAPS 兆声波清洗设备保障 TSV 孔内 -36% 2023-06 2023-09 2023-11 2024-01 2024-04 2024-06 清洗效果。公司通过自主研发并具有全球知识产权保护的 SAPS 资料来源：聚源，中邮证券研究所 和 TEBO 兆声波清洗技术，解决了兆声波技术在集成电路单片清 洗设备上应用时，兆声 ...