Group 1 - The report highlights that the US and China have agreed to extend the suspension of tariffs and countermeasures for 90 days, focusing on high-quality overseas targets from the Beijing Stock Exchange [1][11][14] - The report identifies 25 companies with significant overseas revenue and strong profit growth, spanning various industries including instrumentation, consumer electronics, and automotive parts [1][11][16] Group 2 - The information technology and chemical new materials sectors showed average weekly gains of +3.23% and +1.65% respectively, while high-end equipment and consumer services sectors experienced slight declines [2][22][25] - The median P/E ratio for the information technology sector increased to 96.6X, with notable performers including Shuguang Digital Creation and Guoyuan Technology [2][25] Group 3 - In the technology new industries, 67 out of 152 companies saw stock price increases, with a median P/E ratio rising from 59.1X to 59.3X [3][36][38] - The total market capitalization of these companies increased from 4879.94 billion to 4967.21 billion [3][37] Group 4 - The report emphasizes the importance of monitoring high-growth quality stocks as the semi-annual report disclosure period peaks, with several companies reporting significant revenue and profit growth [4][57][59] - For instance, Jianbang Technology reported a total revenue of 3.75 billion with a year-on-year growth of 20.77% and a net profit of 0.49 billion, growing by 27.18% [4][20][57]

证券代码：873726 证券简称：卓兆点胶 公告编号：2025-102 苏州卓兆点胶股份有限公司 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 （线上会议） 二、 投资者关系活动情况 活动时间：2025 年 8 月 12 日至 2025 年 8 月 14 日 活动地点：苏州卓兆点胶股份有限公司会议室 参会单位及人员：东吴证券、开源证券、国联民生证券、长江证券、浙商创 投等 上市公司接待人员：董事会秘书谢凌志先生、证券事务代表严静女士 三、 投资者关系活动主要内容 问题 1：公司非果链领域的市场开拓情况如何？ 为优化收入结构，构建多元化客户结构与业务增长点，公司近年一直在积极 向非果链市场渗透。目前已在消费电子领域实现进一步突破，公司在 Meta AI 眼镜领域主要供应点胶阀与点胶设备，已获得千万级量产订单，量产交付进展顺 利。 公司当前在业务领域拓展上已 ...

Core Viewpoint - The company, Zhuozhao Adhesive, reported significant growth in revenue and net profit for the first half of 2025, primarily driven by the acquisition of Guangdong Pusen and the expansion into new customer markets, including entering the supplier system of CATL [1][2][3] Financial Performance - For the first half of 2025, Zhuozhao Adhesive achieved revenue of approximately 156 million yuan, a year-on-year increase of 207.46% [1] - The net profit attributable to shareholders reached approximately 26.78 million yuan, with a year-on-year growth of 322.66%, marking a turnaround from a loss of 12.03 million yuan in the same period last year [1][2] Acquisition Impact - The acquisition of Guangdong Pusen, completed on January 31, 2025, contributed significantly to Zhuozhao Adhesive's financial performance, with Pusen generating revenue of 40.35 million yuan in the first half of 2025, accounting for over 25% of the total revenue [2] - The integration of Guangdong Pusen has enhanced the company's resource allocation and competitive positioning within the industry [2] Market Expansion - Zhuozhao Adhesive has successfully entered the supplier system of CATL and obtained a vendor code from Samsung Electronics, laying a solid foundation for future collaborations [3] - The company has also made strides in the consumer electronics sector, securing multi-million unit orders in visual inspection and AI glasses for Meta, although these new business areas have yet to achieve mass production [3] R&D and Expenses - The company's R&D expenses increased to 16.83 million yuan, but the proportion of R&D expenses relative to revenue decreased by 16.36 percentage points due to the substantial growth in revenue [3] - Operating expenses rose significantly to 189,100 yuan, a year-on-year increase of 1580.09%, primarily attributed to the expenses incurred from the acquisition of Guangdong Pusen [3]

证券研究报告·北交所公司点评报告·专用设备 卓兆点胶（873726） 2025 年中报点评：智能穿戴业务拐点来临， 携手浦森进军半导体设备行业 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 262.57 | 125.12 | 340.00 | 385.00 | 436.15 | | 同比 | (23.86) | (52.35) | 171.74 | 13.24 | 13.29 | | 归母净利润（百万元） | 63.93 | (20.75) | 54.33 | 63.21 | 82.57 | | 同比 | (27.73) | (132.46) | 361.82 | 16.34 | 30.63 | | EPS-最新摊薄（元/股） | 0.78 | (0.25) | 0.66 | 0.77 | 1.01 | | P/E（现价&最新摊薄） | 41.34 | (127.36) | 48.64 | 41.81 | 32 ...

Summary of Key Points Core Viewpoint - In August 2023, 51 companies released their semi-annual reports for 2025, with 34 companies reporting a year-on-year increase in net profit, while 17 reported a decline. Additionally, 37 companies saw an increase in operating revenue, and 14 experienced a decrease. Notably, 31 companies had both net profit and operating revenue growth, while 11 companies reported declines in both metrics. Among these, 9 companies had their performance increase by more than double, with Bofei Electric showing the highest growth rate of 882.67% [1]. Group 1: Company Performance - Bofei Electric reported a net profit of 858.71 million yuan, with a year-on-year increase of 882.67%, and operating revenue of 19,636.97 million yuan, up 39.67% [1]. - New Qianglian achieved a net profit of 39,961.48 million yuan, reflecting a 496.60% increase, with operating revenue of 220,958.07 million yuan, up 108.98% [1]. - Xianggang Technology reported a net profit of 7,831.61 million yuan, a 432.14% increase, and operating revenue of 51,534.11 million yuan, up 43.76% [1]. Group 2: Revenue and Profit Trends - 37 companies reported an increase in operating revenue, while 14 companies saw a decline [1]. - Among the companies with significant growth, Zhuozhao Dian reported a net profit increase of 322.66% and operating revenue growth of 207.46% [1]. - The performance of companies like Fengshan Group and Aobi Zhongguang also showed substantial growth, with net profit increases of 235.40% and 212.77%, respectively [1]. Group 3: Overall Market Insights - The overall trend indicates a positive performance for a majority of the companies, with a notable number achieving significant growth in both net profit and operating revenue [1][2]. - The data reflects a robust recovery and growth potential in various sectors, as evidenced by the high percentage increases in profits and revenues across multiple companies [1][2].

Core Viewpoint - The company announced a cash dividend distribution plan of 2.2 yuan per share (including tax), with an expected total cash dividend payout of 18.057 million yuan [2] Financial Performance - The company reported a revenue of 156 million yuan for the first half of the year, representing a year-on-year increase of 207.46% [2] - The net profit for the same period was 26.7827 million yuan, showing a year-on-year growth of 322.66% [2] - Earnings per share were reported at 0.33 yuan, with a weighted average return on equity of 4.55% [2] Shareholder Information - As of the end of the first half, the total number of shareholders was 5,305, an increase of 203 shareholders compared to the previous quarter, reflecting a growth rate of 3.98% [2] Market Performance - The latest closing price of the stock was 32.20 yuan, with a cumulative increase of 12.20% over the past five days and a total turnover rate of 51.77% [2]

（文章来源：证券日报） 证券日报网讯 8月11日晚间，卓兆点胶发布公告称，公司第一届董事会第三十七次会议审议通过了《关 于2025年半年度报告及其摘要的议案》等多项议案。 ...

证券日报网讯 8月11日晚间，卓兆点胶发布公告称，公司第一届监事会第三十一次会议审议通过了《关 于2025年半年度报告及其摘要的议案》等多项议案。 （文章来源：证券日报） ...

Group 1 - The company, Zhuozhao Diangao, announced that it achieved an operating income of 155,764,890.75 yuan in the first half of 2025, representing a year-on-year growth of 207.46% [2] - The net profit attributable to shareholders of the listed company reached 26,782,660.53 yuan, marking a year-on-year increase of 322.66% [2]

Core Viewpoint - The company, Suzhou Zhuozhao Point Glue Co., Ltd., has proposed a cash dividend distribution plan for the first half of 2025, aiming to reward shareholders while ensuring normal business operations [1][2]. Summary by Sections Dividend Distribution Plan - As of June 30, 2025, the company's undistributed profits amounted to CNY 42,578,678.21 (approximately 6.5 million) for the consolidated statements and CNY 52,037,394.20 (approximately 7.9 million) for the parent company [1]. - The proposed plan includes a cash dividend of CNY 2.20 (including tax) for every 10 shares, totaling an estimated cash distribution of CNY 18,056,994.12 (approximately 2.7 million) [1]. Approval and Voting Situation - The dividend distribution proposal was approved by the board of directors on August 11, 2025, and will be submitted for review at the company's third extraordinary general meeting of shareholders [2]. - Independent directors expressed that the proposal aligns with the company's development strategy and enhances shareholder returns, agreeing unanimously with the plan [2]. Company Articles on Profit Distribution - The company is required to allocate 10% of its after-tax profits to the statutory reserve fund, which can be waived if the cumulative amount exceeds 50% of the registered capital [3]. - After covering losses and allocating the statutory reserve, the remaining after-tax profits will be distributed according to the shareholders' equity, unless otherwise specified [3]. Profit Distribution Policy - The company prioritizes cash dividends but may also consider stock dividends or a combination of both under favorable conditions [4]. - The company commits to distributing at least 10% of the distributable profits as cash dividends annually, provided there are no significant investment plans or cash expenditures [4]. Commitment Fulfillment - The proposed dividend distribution plan is in line with the commitments made during the public offering of shares to unspecified qualified investors [6].