Core Viewpoint - The report highlights the robust growth of Jikang Technology in the energy, water conservancy, and transportation sectors, with a 28% year-on-year increase in net profit attributable to the parent company for the first half of 2025, leading to a "Buy" rating for the stock [1] Financial Performance - In H1 2025, the company reported revenue of 168 million yuan, a year-on-year increase of 13.49%, and a net profit attributable to the parent company of 32 million yuan, up 14.33% [1] - The net profit excluding non-recurring items for H1 2025 was 32 million yuan, reflecting a year-on-year growth of 27.81% [1] - Q2 2025 revenue was 90 million yuan, with a quarter-on-quarter increase of 9.02% and a year-on-year increase of 14.33% [1] Business Segments - The core business segments include smart monitoring terminals and IoT solutions, with revenues growing by 11% and 22% respectively in H1 2025 [2] - Smart monitoring terminals generated 132 million yuan in revenue, with a gross margin of 61.41% [2] - IoT solutions and services achieved revenue of 36 million yuan, with a gross margin of 28.71% [2] Research and Development - The company possesses strong technical capabilities, including proprietary technologies in sensing and IoT integration, which support high-quality domestic product replacements [3] - The company has expanded its service areas and customer base, focusing on energy, water conservancy, transportation, and disaster prevention sectors [3] - The customer base primarily consists of state-owned enterprises and government departments, ensuring long-term cooperation and large orders [3] Profit Forecast and Investment Rating - The company aims to continue expanding in the energy, water conservancy, and transportation sectors, with projected net profits of 91 million, 105 million, and 117 million yuan for 2025-2027 [3] - The current stock price corresponds to dynamic P/E ratios of 24.65, 21.36, and 19.08 for the respective years [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company continues to deepen its presence in the energy, water conservancy, transportation, and natural resources sectors, achieving a year-on-year growth of 28% in net profit attributable to the parent company for the first half of 2025 [2] - The company's revenue for the first half of 2025 reached 168 million yuan, representing a year-on-year increase of 13.49%, while the net profit attributable to the parent company was 32 million yuan, up 14.33% year-on-year [2] - The growth in performance is primarily driven by the acceleration of energy infrastructure investment, digital transformation in transportation, and increased demand for disaster prevention [2][3] - The company reported a gross profit margin of 54.38%, a decrease of 0.47 percentage points year-on-year, and a net profit margin of 19.35%, down 0.26 percentage points year-on-year [2] Revenue and Profitability - The company's main business segments include smart monitoring terminals and IoT solutions, with revenues growing by 11% and 22% year-on-year, respectively, in the first half of 2025 [3] - The smart monitoring terminal segment generated 132 million yuan in revenue, with a gross margin of 61.41% [3] - The safety monitoring IoT solutions and services segment achieved 36 million yuan in revenue, with a gross margin of 28.71% [3] Research and Development - The company has strong R&D capabilities, with proprietary technologies in various sensing techniques and IoT integration, enabling high-quality domestic product replacements [4] - The company is expanding its service areas and customer base, focusing on energy, water conservancy, transportation, and smart city applications [4] - The customer base primarily consists of state-owned enterprises and government departments, ensuring long-term cooperation and large orders [4] Financial Forecasts - The company forecasts total revenue of 398.45 million yuan for 2025, with a net profit of 90.76 million yuan, reflecting a year-on-year growth of 17.84% [1][10] - The projected earnings per share (EPS) for 2025 is 0.65 yuan, with a price-to-earnings (P/E) ratio of 24.65 based on the current price [1][10]

证券代码：830879 证券简称：基康技术 公告编号：2025-084 基康技术股份有限公司 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。 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 二、 投资者关系活动情况 （一）活动时间、地点 活动时间：2025 年 8 月 21 日 10:00-11:00、16:00-17:00； 2025 年 8 月 22 日 9:30-10:30、11:00-12:00 活动地点：公司通过进门财经网络交流平台以网络电话形式交流 （二）参会单位及人员 参会单位及人员： 由华源证券赵昊先生主持的电话会议，线上参与单位有：华源证券股份有限 公司、同泰基金管理有限公司、华夏久盈资产管理有限责任公司、国泰基金管理 有限公司、安华农业保险股份有限公司、野村东方国际证券有限公司、财信证券 股份有限公司、万和证券股份有限公司、第一创业证券股份有限公司、长江证券 股份有限公司、联储证券股 ...

Core Viewpoint - The report highlights significant revenue growth for the company in the first half of 2025, driven by increased demand in various sectors, particularly in transportation and safety monitoring solutions [1][2][3]. Financial Performance - In H1 2025, the company achieved revenue of 168 million yuan, a year-on-year increase of 13%, and a net profit attributable to shareholders of 32.34 million yuan, up 14% year-on-year [1]. - In Q2 2025, revenue was 90 million yuan, reflecting a 9% year-on-year growth, while net profit attributable to shareholders decreased by 14% to 12.78 million yuan [1]. - The management expense ratio improved to 8.72%, down 3.64 percentage points year-on-year [1]. Business Segments - The company's sales of smart monitoring terminals and safety monitoring IoT solutions grew by 11% and 22% respectively in H1 2025 [2]. - The company participated in major national projects, including water conservancy, nuclear power, and transportation infrastructure, contributing to substantial growth in contract amounts and revenue in the transportation sector [2][3]. Market Demand and Strategic Initiatives - There is a continuous increase in demand across downstream sectors such as hydropower, nuclear power, and transportation [3]. - The establishment of a new office in Linzhi, Tibet, positions the company to capitalize on significant engineering opportunities related to national hydropower projects [3]. - The company has secured three invention patents and one software copyright in H1 2025, indicating a commitment to innovation [3]. Profit Forecast and Shareholder Returns - The company forecasts net profits attributable to shareholders of 92 million yuan, 111 million yuan, and 130 million yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 53.0, 43.7, and 37.5 times [4]. - A mid-year dividend of 1.50 yuan per 10 shares is planned, totaling an estimated cash dividend payout of 24.72 million yuan, reflecting the company's focus on shareholder returns [4].

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - In the first half of 2025, the company experienced significant revenue growth in transportation and established an office in Linzhi, Tibet, in response to national hydropower projects [6] - The company has seen continuous growth in downstream demand across various sectors, including hydropower, nuclear power, and transportation, with a notable increase in traffic fixed asset investment [6][10] - The company is focusing on innovation, having obtained multiple patents and certifications for its G Cloud platform [6] Financial Performance - In H1 2025, the company achieved revenue of 168 million yuan (up 13% year-on-year) and a net profit of 32.34 million yuan (up 14% year-on-year) [10] - The company forecasts net profits of 92 million yuan, 111 million yuan, and 130 million yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 53.0, 43.7, and 37.5 [7][9] - The company plans to distribute a cash dividend of 1.50 yuan per 10 shares, totaling approximately 24.72 million yuan, reflecting its commitment to shareholder returns [7] Market and Industry Trends - The company is well-positioned in the engineering safety monitoring sector, benefiting from ongoing projects like the Yarlung Zangbo River hydropower station [7] - The demand for hydropower, nuclear power, and water conservancy projects continues to grow, with the company actively participating in major national infrastructure projects [6][10]

Investment Rating - The report maintains a "Recommended" rating for the company [3]. Core Insights - The downstream industries are experiencing favorable conditions, and innovation in research and development is expected to support sustainable growth for the company [1]. - The company reported a revenue of 168 million yuan in the first half of 2025, representing a year-on-year growth of 13.49%, and a net profit attributable to shareholders of 32.35 million yuan, up 14.33% year-on-year [7]. - The company is actively involved in various projects in the energy and water conservancy sectors, which are driving its revenue growth [7]. - The company's gross margin remains high at 54.38%, and it has invested 14.66 million yuan in R&D, accounting for 7.58% of its revenue [7]. - A dividend distribution plan has been announced, with a cash dividend of 1.50 yuan per 10 shares, totaling an expected distribution of 24.72 million yuan [7]. - The company is expected to achieve net profits of 89.58 million yuan, 103.13 million yuan, and 123.25 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 54, 47, and 40 [7][9]. Financial Forecast Summary - Revenue is projected to grow from 356.80 million yuan in 2024 to 522.14 million yuan in 2027, with growth rates of 8.57%, 13.83%, 12.44%, and 14.34% for the respective years [2][9]. - The net profit attributable to shareholders is forecasted to increase from 77.02 million yuan in 2024 to 123.25 million yuan in 2027, with profit growth rates of 5.99%, 16.32%, 15.12%, and 19.51% [2][9]. - The company's EPS is expected to rise from 0.46 yuan in 2024 to 0.74 yuan in 2027 [2][9].

证券日报网讯 8月20日晚间，基康技术发布公告称，2025年半年度公司实现营业收入168，155，011.24 元，同比增长13.49%；归属于上市公司股东的净利润为32，344，669.58元，同比增长14.33%。 （文章来源：证券日报） ...

Core Viewpoint - Six companies listed on the Beijing Stock Exchange have announced cash dividend distribution plans, with Jinbo Biological being the most generous, proposing a cash dividend of 10 yuan per 10 shares, totaling 115 million yuan [1] Summary by Category Dividend Distribution Plans - Jinbo Biological announced a cash dividend of 10 yuan per 10 shares, with a total cash payout of 115 million yuan [1] - Mingyang Technology and Jikang Technology follow with cash payouts of 30 million yuan and 24.72 million yuan respectively [1] Cash Dividend per Share - The companies with the highest cash dividends per 10 shares are: - Jinbo Biological: 10 yuan - Mingyang Technology: 2.246307 yuan - Zhuozhao Point Glue: 2.2 yuan [1] Cash Payout Ratios - The companies with the highest cash payout ratios relative to net profit are: - Mingyang Technology: 94.10% - Jikang Technology: 76.43% - Zhuozhao Point Glue: 67.42% [1]

Core Viewpoint - The company, Beikang Technology (830879), announced a cash dividend distribution plan of 1.5 yuan per share (including tax), with an expected total cash dividend payout of 24.72 million yuan [2] Financial Performance - For the first half of the year, the company reported revenue of 168 million yuan, representing a year-on-year increase of 13.49% [2] - The net profit for the same period was 32.34 million yuan, reflecting a year-on-year growth of 14.33% [2] - Earnings per share were reported at 0.2200 yuan, with a weighted average return on equity of 5.34% [2] Shareholder Information - As of the end of the first half, the total number of shareholders was 4,297, a decrease of 19 shareholders compared to the previous quarter, representing a decline of 0.44% [2] Market Performance - The latest closing price of the stock was 29.16 yuan, with a cumulative increase of 4.70% over the past five days and a total turnover rate of 24.80% [2]

Group 1 - The company announced the approval of multiple resolutions, including the cancellation of the supervisory board and amendments to related proposals during the 15th meeting of the fourth supervisory board [2]