Investment Rating - The investment rating for the company is "Accumulate" (maintained) [3] Core Viewpoints - The company, Jikang Instruments, is a leading player in the domestic intelligent safety monitoring sector, comparable to the overseas leader Keyence. The company has shown steady growth in recent years, with a Q1 2025 net profit of 20 million yuan, representing a 44.91% increase year-on-year. Revenue for the same period reached 78 million yuan, up 19.07% year-on-year [5][20]. - The company is expected to benefit from the accelerating infrastructure development in the energy and water conservancy sectors, which will drive demand for safety monitoring solutions. The company continues to invest in R&D, with new products like the machine vision deformation monitoring system gaining traction in various industries [6][7]. Summary by Relevant Sections Company Overview - Jikang Instruments, established in 1998, is one of the largest suppliers of outdoor safety monitoring instruments and system solutions in China. The company is recognized as a national high-tech enterprise and a "specialized and innovative" small giant enterprise [20][21]. Product Offerings - The company's main products include intelligent monitoring terminals (precision sensors and smart data acquisition devices) and safety monitoring IoT solutions. These products are widely applied in various sectors, including energy, water conservancy, transportation, smart cities, and geological disaster monitoring [21][22]. Financial Performance - In Q1 2025, the company achieved a revenue of 78 million yuan and a net profit of 20 million yuan. The company maintains its profit forecasts for 2025-2026 and has added a forecast for 2027, expecting net profits of 89 million, 103 million, and 116 million yuan for the years 2025, 2026, and 2027, respectively [5][6]. Industry Outlook - The energy sector is expected to see long-term growth, driven by the development of hydropower, nuclear power, and wind power. The water conservancy sector is also expanding, with significant investments planned for the reinforcement of dams and reservoirs [6][7]. Competitive Positioning - Jikang Instruments is positioned to compete with Keyence, a global leader in industrial automation. The company’s machine vision products have high gross margins and are increasingly being adopted in various applications, indicating a strong potential for market share growth [7][8].

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [3]. Core Views - The company, Jikang Instruments, is a leading player in the domestic intelligent safety monitoring sector, comparable to the overseas leader Keyence. The company has shown steady growth in recent years, with a Q1 2025 net profit of 20 million yuan, representing a 44.91% increase year-on-year. Revenue for the same period reached 78 million yuan, up 19.07% [5][20]. - The company is expected to benefit from the accelerating infrastructure development in the energy and water conservancy sectors, which will drive demand for safety monitoring solutions. The company has a strong focus on R&D, with new products like the machine vision deformation monitoring system gaining traction in various industries [6][7]. Summary by Sections Company Overview - Jikang Instruments, established in 1998, is one of the largest suppliers of outdoor safety monitoring instruments and system solutions in China. The company is recognized as a national high-tech enterprise and a "little giant" enterprise in Beijing, specializing in precision sensors, data collectors, and intelligent sensing terminals [20][21]. Product Offerings - The company's main products include intelligent monitoring terminals (precision sensors and intelligent data collection devices) and safety monitoring IoT solutions. These products are widely applied in various sectors, including energy, water conservancy, transportation, smart cities, and geological disaster monitoring [21][22]. Industry Insights - The energy sector is expected to see long-term growth, particularly in hydropower, nuclear power, and wind power, which will drive the company's performance. The water conservancy sector is also expanding, with significant investments planned for the reinforcement of dams and reservoirs [6][7]. Competitive Positioning - Jikang Instruments is positioned against Keyence, a global leader in industrial automation. The company aims to leverage the high-margin attributes of machine vision products and capitalize on the trend of domestic substitution in the market [7][18]. Financial Projections - The company forecasts net profits of 89 million yuan, 103 million yuan, and 116 million yuan for 2025, 2026, and 2027, respectively. Corresponding EPS estimates are 0.53 yuan, 0.62 yuan, and 0.70 yuan per share, with P/E ratios of 31.7, 27.5, and 24.4 times [5][6].

基康仪器股份有限公司 关于公司取得发明专利证书的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、基本情况 基康仪器股份有限公司（以下简称"公司"）于 2025 年 5 月 27 日收到国家知 识产权局颁发的《发明专利证书》1 项，具体情况如下： 发明名称：一种柔性测斜仪的固定防护组件及使用方法 专利号：ZL 2024 1 0842308.4 专利权人：基康仪器股份有限公司 授权公告日：2025 年 05 月 27 日 证券代码：830879 证券简称：基康仪器 公告编号：2025-032 本发明涉及柔性测斜仪的固定防护组件及安装方法，其中固定防护组件包括 锚固组件以及防护组件，有效增强柔性测斜仪固定端抗剪切和抗压能力，并提升 对多方位变形的适应性。 二、对公司的影响 上述发明专利证书的取得，进一步体现了公司的科技创新及自主研发能力， 有利于增强公司对知识产权的保护力度，提高公司的品牌知名度，促进公司持续 技术创新，提升公司的核心竞争力，对公司的可持续性发展产生积极影响和促进 作用。 三、备查文 ...

证券代码：830879 证券简称：基康仪器 公告编号：2025-031 基康仪器股份有限公司 关于全资子公司取得发明专利证书的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、基本情况 专利号：ZL 2024 1 0737746.4 专利权人：北京基康科技有限公司 授权公告日：2025 年 05 月 06 日 本发明提供了一种振弦式传感器振动频率的测量方法、装置及电子设备，涉 及工程监测技术领域，解决了相关技术中存在的振弦式传感器频率测量的抗干扰 能力较差的技术问题。 二、对公司的影响 上述发明专利证书的取得，进一步体现了公司的科技创新及自主研发能力， 有利于增强公司对知识产权的保护力度，提高公司的品牌知名度，促进公司持续 技术创新，提升公司的核心竞争力，对公司的可持续性发展产生积极影响和促进 作用。 三、备查文件 《发明专利证书》（证书号第 7919511 号）。 特此公告。 基康仪器股份有限公司（以下简称"公司"）全资子公司北京基康科技有限公 司（以下简称"基康科技"）于 2025 年 5 ...

证券代码：830879 证券简称：基康仪器 公告编号：2025-030 基康仪器股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 基康仪器股份有限公司 2024 年年度权益分派方案已获 2025 年 4 月 18 日召 开的股东大会审议通过，本次实施分配方案距离股东大会审议通过的时间未超过 两个月。 现将权益分派事宜公告如下： 本次权益分派基准日合并报表归属于母公司的未分配利润为 131,156,304.05 元，母公司未分配利润为 113,885,524.65 元，母公司资本公积为 302,490,315.71 元（其中股票发行溢价形成的资本公积为 296,684,776.01 元，其他资本公积为 5,805,539.70 元）。本次权益分派共计转增 27,468,555 股，派发现金红利 34,335,694.00 元。 一、权益分派方案 1、本公司 2024 年年度权益分派方案为： 以公司股权登记日应分配股数 137,342,776 股为基数（应分配总 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company reported a strong performance in Q1 2025, with revenue of 0.78 billion yuan (up 19% year-on-year) and a net profit attributable to shareholders of 19.56 million yuan (up 45% year-on-year) [6] - The company has a solid position in the water conservancy and energy sectors, benefiting from ongoing national infrastructure projects [6] - The company is expanding into the smart city sector, which is expected to provide new growth opportunities [6] Summary by Sections Market Performance - Closing price: 20.99 yuan - Market capitalization: 2,928.06 million yuan - Circulating market capitalization: 2,366.15 million yuan - Total shares: 139.50 million - Debt-to-asset ratio: 15.87% - Net asset value per share: 4.41 yuan [3] Financial Performance - Q1 2025 revenue: 0.78 billion yuan (yoy +19%) - Q1 2025 net profit: 19.56 million yuan (yoy +45%) - Q1 2025 net profit margin: 25.0% (yoy +4.5pcts) - Q1 2025 gross margin: 56.3% (yoy +4.7pcts) [6] Profit Forecast and Valuation - Revenue forecast for 2025: 400 million yuan (up 12.15% year-on-year) - Net profit forecast for 2025: 92 million yuan (up 19.20% year-on-year) - Earnings per share (EPS) forecast for 2025: 0.66 yuan - Price-to-earnings (P/E) ratio for 2025: 31.89 [7][8] Business Opportunities - The company is positioned to benefit from significant projects in the water conservancy sector, including major national water network construction projects [6] - The energy sector shows strong demand, particularly for pumped storage projects, with a projected total capacity of over 62 million kilowatts by 2025 [6] - The smart city initiative is expected to drive growth in the transportation sector, with increased demand for monitoring systems [6]

Group 1: Company Overview and Performance - The company achieved a revenue of 357 million CNY in 2024, representing a year-on-year growth of 8.57% [11] - The net profit attributable to shareholders reached 77.02 million CNY, with a growth of 5.99%, marking the seventh consecutive year of positive growth [11] - The comprehensive gross margin for 2024 was 56.06%, an increase of 1.59 percentage points compared to the previous year [21] Group 2: Market Trends and Industry Insights - The global sensor industry market size is expected to reach 203.4 billion USD in 2023, while the Chinese sensor market reached 290.52 billion CNY in 2021 [5] - The company anticipates strong market demand in 2025 for water conservancy, energy, and traffic safety monitoring sectors [13] - Significant investments are projected in water conservancy, with over 350 billion CNY allocated for the reinforcement of more than 200 large and medium-sized reservoirs from 2025 to 2027 [14] Group 3: Technological Innovations and Strategies - The company is focusing on continuous R&D investment, particularly in MEMS, nanotechnology, and optical sensing technologies to enhance product precision and reliability [5] - New generation fiber Bragg grating sensors have achieved breakthroughs in precision and long-term stability, complementing existing vibrating wire sensors [9] - The company plans to explore new applications in smart safety monitoring and integrate advanced technologies into its product offerings [12] Group 4: Project Participation and Market Expansion - In 2024, the company successfully participated in major national projects, including the South-to-North Water Diversion and various hydropower station constructions [8] - The company has gained a significant market share in small reservoir safety monitoring projects across several provinces [8] - The company is actively involved in smart water conservancy projects, including digital twin systems and modern water management solutions [26] Group 5: Future Growth and Strategic Direction - The company aims to maintain its strategic focus on core business areas while exploring opportunities for external growth through mergers and acquisitions [18] - Future profitability will be driven by market expansion, R&D advancements, and improved organizational management [16] - The company plans to continue increasing R&D investments to enhance product competitiveness and meet evolving market demands [24]

Group 1 - The core viewpoint of the news is that 基康仪器 has significantly increased its R&D investment in recent years, leading to successful new product launches and advancements in technology [1][2] - The company has introduced new products such as the machine vision deformation monitoring system and the integrated wireless vibration measurement terminal, which have received market recognition [1] - The new generation of fiber Bragg grating sensors has achieved substantial improvements in accuracy and long-term stability, with performance metrics showing non-linearity better than 0.3% FS and wavelength stability within 0.5% FS after extensive testing [1] Group 2 - The new generation of fiber Bragg grating sensors is not a direct replacement for existing vibrating wire sensors but rather a complementary product based on different technical routes and application scenarios [2] - The company plans to continue increasing R&D investments in new technologies and products, with several new product development plans already approved for 2025 [2] - The combination of "fiber + vibrating wire" is expected to expand the company's market share and enhance its core competitiveness [2]

证券代码：830879 证券简称：基康仪器 公告编号：2025-023 基康仪器股份有限公司 2024 年年度报告业绩说明会预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 说明会类型 基康仪器股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日在北京证 券交易所信息披露平台（www.bse.cn）、《证券时报网(www.stcn.com)》、《上海证 券报中国证券网（www.cnstock.com)》披露了《2024 年年度报告》（公告编号： 2025-005）及《2024 年年度报告摘要》（公告编号：2025-006），为方便广大投 资者更深入了解公司 2024 年年度经营业绩的具体情况，加强与投资者的互动 交流，公司拟召开 2024 年年度报告业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 4 月 10 日（星期四）15:00-16:30。 （二）会议召开地点 本次年度报告业绩说明会将采用网络方式召开，投资者可登陆全景网"投 资者关系互动平 ...

基康仪器股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 证券代码：830879 证券简称：基康仪器 公告编号：2025-022 一、 投资者关系活动类别 □特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 √分析师会议 □路演活动 □其他 问题 1、公司 2024 年业绩表现并分析一下增长驱动因素？ 回答：2024 年公司全年实现收入 3.57 亿元，同比增长 8.57%；归母净利润 7701.79 万元（2024 年发生股份支付费用 876.11 万元），同比增长 5.99%，净利 润连续第七年实现正增长。2024 年，公司在水利、能源方面营业收入稳步增长 为公司业绩增长核心驱动因素，公司抓住了国家骨干水网建设、小型水库雨水情 测报和大坝安全监测设施建设、抽水蓄能电站建设、核电站建设、公路高边坡监 测系统建设等细分行业机遇。2024 年，公司智能监测终端出货量增长，收入达 到 2.88 亿元；安全监测物联网解决方案及服务收入增速达到 23%。 问题 ...