Dajin Heavy Industry (002487) was surveyed by key institutions such as E Fund, Invesco Great Wall Fund, Harvest Fund, Fullgoal Fund, China Europe Fund, ChinaAMC Fund, Bank of Communications Schroder Fund, and Ruifeng Fund. The company's core advantage lies in its integrated "manufacturing, transportation, storage, and installation" capabilities for deep-sea wind power systems. Its pioneering Type III roll-on/roll-off multifunctional transport vessel (188 meters long, equipped with two 800-ton cranes) can meet the transportation needs of complete wind power equipment, while Type I and II ultra-large deck barges specialize in transporting products like super-large monopiles and jackets. The company plans to utilize these fleets for offshore engineering transport tasks in Europe starting in 2026.
On the manufacturing front, the Tangshan Caofeidian super factory (covering 1,300 acres) is a global benchmark, capable of mass-producing ultra-large monopiles, jackets, and cutting-edge floating foundations, with exports to Europe set to begin in 2026. The company is actively participating in global floating wind project bids and highlights that 1GW of floating wind power corresponds to over 300,000 tons of foundation structure demand, indicating vast market potential.
In market expansion, the company has transitioned from a product supplier to a system service provider in Europe and plans to deepen its localization strategy. It is also exploring emerging markets like Japan and South Korea and has secured external shipbuilding orders for specialized transport vessels in Norway and South Korea. Recent high-value overseas orders stem from its one-stop solutions, including European port storage and assembly services.
Separately, Longqi Technology was surveyed by institutions including Xingquan Global Fund and Fullgoal Fund. The company is focusing on smart glasses (AI/AR) as a key growth driver. In AI glasses, it collaborates closely with global leading clients, with significant sales growth and domestic R&D projects expected to enter mass production next year. The company sees strong synergy between AI hardware and large models and is actively promoting related partnerships. For AR glasses, it prioritizes Micro-LED and optical waveguide technologies through industrial collaboration.
The company distinguishes between AI and AR glasses, noting that AR glasses require higher standards in weight, cost, and assembly (e.g., dual-sided calibration) due to optical systems. Its strategy is to prioritize AI glasses while advancing AR technology, leveraging a unified platform for rapid deployment. In system-in-package (SiP), it focuses on complex SiP products for AI smart terminals, offering integrated "design + manufacturing" services, with mass production expected by late 2026 and capacity expansion from 2027.
Talentech Micro was surveyed by Quanguo Fund’s Zhang Xikun. The company reported strong performance in the first three quarters of 2025, with revenue of RMB 766 million (up 30.49% YoY) and net profit of RMB 140 million (up 117.35% YoY), with notable improvements in gross and net margins. Growth was driven by investments in edge AI and overseas markets, with significant gains in multi-mode and audio product lines.
R&D efforts focus on three areas: enhancing edge AI chip computing power and scenario adaptability, advancing audio chip development, and developing in-house Wi-Fi chips for smart homes. The recent acquisition of Panqi Microelectronics aims to accelerate entry into the Sub-1G market and leverage existing overseas channels. The merger complements BLE chip technologies, promising cost efficiency and competitiveness in mid-to-high-end markets.
The company’s edge AI chips are primarily used in audio applications (e.g., wireless microphones) and are expanding into smart homes and automotive electronics. It is developing ultra-low-power "always-on" voice wake-up solutions for remote controls to meet top client demands. Supply chain partnerships with global leaders ensure stable deliveries.
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