9月15日，凯盛科技盘中下跌2.06%，截至14:04，报12.38元/股，成交2.40亿元，换手率2.04%，总市值 116.94亿元。 截至6月30日，凯盛科技股东户数6.43万，较上期减少0.11%；人均流通股14693股，较上期增加0.11%。 2025年1月-6月，凯盛科技实现营业收入27.65亿元，同比增长24.70%；归母净利润5150.74万元，同比增 长23.70%。 分红方面，凯盛科技A股上市后累计派现4.32亿元。近三年，累计派现1.42亿元。 机构持仓方面，截止2025年6月30日，凯盛科技十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股917.72万股，相比上期减少34.41万股。南方中证1000ETF（512100）位居第七大流通股 东，持股696.74万股，相比上期增加131.87万股。国寿安保智慧生活股票A（001672）位居第八大流通 股东，持股453.13万股，持股数量较上期不变。华夏中证1000ETF（159845）位居第九大流通股东，持 股411.35万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流出3381.65万元，特大单买入1271 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600552 证券简称：凯盛科技 公告编号：2025-033 2025年9月9日 为进一步加强与投资者的互动交流，凯盛科技股份有限公司（以下简称"公司"）将参加由安徽证监局指 导，安徽上市公司协会与深圳市全景网络有限公司联合举办的"2025年安徽上市公司投资者网上集体接 待日"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站（https://rs.p5w.net），或关注微信 公众号：全景财经，或下载全景路演APP,参与本次互动交流，活动时间为2025年9月15日（周一） 15:00-17:00。届时公司高管将在线就公司业绩、公司治理、发展战略、经营状况、融资计划、股权激励 和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告！ 凯盛科技股份有限公司 凯盛科技股份有限公司 关于参加2025年安徽辖区上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 ...

（文章来源：证券日报） 证券日报网讯 9月8日晚间，凯盛科技发布公告称，公司将参加"2025年安徽上市公司投资者网上集体接 待日"。活动时间为2025年9月15日。 ...

格隆汇9月8日丨凯盛科技(600552.SH)在投资者互动平台表示，公司生产的UTG产品可用于折叠屏手 机，且具备生产大尺寸UTG的能力。 ...

格隆汇9月8日丨凯盛科技(600552.SH)在投资者互动平台表示，公司纳米氧化锆产品在新能源领域可做 为三元锂电正极、固态电池电解质、店体燃料电池的掺杂材料，其中0.1mm-0.3mm的氧化锆研磨球已批 量生产。 ...

特此公告！ 凯盛科技股份有限公司 2025 年 9 月 9 日 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，凯盛科技股份有限公司（以下简称"公 司"）将参加由安徽证监局指导，安徽上市公司协会与深圳市全景网络有限公司 联合举办的"2025 年安徽上市公司投资者网上集体接待日"，现将相关事项公告 如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 15 日（周一）15:00-17:00。届时 公司高管将在线就公司业绩、公司治理、发展战略、经营状况、融资计划、股权 激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投 资者踊跃参与！ 证券代码：600552 证券简称：凯盛科技 公告编号：2025-033 凯盛科技股份有限公司 关于参加 2025 年安徽辖区上市公司投资者 网上集体接待日活动的公告 ...

Core Viewpoint - Huawei has officially launched the new Mate XTs foldable smartphone, priced at 17,999 yuan, which is 2,000 yuan lower than its predecessor, marking a significant development in the foldable smartphone market [2] Group 1: Product Features - The new Mate XTs features a new hinge system called "Tiangong Hinge," which reduces the thickness of the outer fold axis by 23% and the inner fold axis by 16% compared to single-sided foldable phones [2] - The device has a lightweight metal frame design and introduces eSIM functionality, eliminating the need for a physical SIM card slot. Its thickness is only 3.6mm when unfolded, making it 15% thinner than Samsung's Galaxy Z Fold 7 [3] - The screen is the largest foldable display in the industry, utilizing 30μm ultra-thin UTG glass, which enhances impact resistance by 30% through the use of non-Newtonian fluid materials [3] Group 2: Market Performance - Huawei has achieved a historical milestone by becoming the first Chinese brand to exceed 10 million cumulative shipments of foldable smartphones, with a market share of 75% in the foldable smartphone segment [4] - According to IDC data, the foldable smartphone market in China is expected to reach 4.98 million units in the first half of 2025, reflecting a year-on-year growth of 12.6% [4] Group 3: Supply Chain Insights - The hinge system's value is approximately 1,000 yuan, with suppliers including Kosen Technology, Jingyan Technology, and Yian Technology [2] - The metal frame's value is estimated to be between 800-1,000 yuan, with the supplier being AAC Technologies, which also provides speaker and motor components [3] - The display suppliers include BOE and Visionox, while the UTG flexible glass is sourced from Kaisheng Technology and Changxin Technology, indicating an increase in material costs due to upgrades [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 2.765 billion in the first half of 2025, representing a year-on-year increase of 24.7%. The net profit attributable to shareholders was 52 million, up 23.7% year-on-year, while the net profit after deducting non-recurring items was 29 million, compared to a loss of 3 million in the same period last year [3][4]. - In Q2 alone, the company achieved a revenue of 1.5 billion, marking a significant year-on-year growth of 57.2%. The net profit attributable to shareholders for Q2 was 28 million, a slight decrease of 0.7% year-on-year, while the net profit after deducting non-recurring items was 17 million, showing a small profit compared to the previous year's loss [3][4]. - The display materials segment showed rapid growth, with a 43.8% increase in revenue, while the application materials segment saw a decline of 19.39%. The growth in display materials is attributed to the acceleration of orders from Shenzhen Guoxian for automotive displays and 3A cover plates [8]. - The gross profit margin for the period was 16.4%, an increase of 0.6 percentage points year-on-year. The gross profit margin for application materials decreased by 4.05 percentage points to 14.79%, while the new display segment saw an increase of 2.29 percentage points to 16.74% [8]. - The company is expected to expand its new materials business and increase production of UTG cover plates, with projected net profits of 160 million and 230 million for 2025 and 2026, respectively, corresponding to PE ratios of 77 and 54 [8].

Core Viewpoint - The company reported strong revenue growth in the first half of 2025, with a focus on the growth potential of its UTG and high-purity quartz sand products, while maintaining a "buy" rating despite lower-than-expected Q2 net profit [1][3]. Financial Performance - In H1 2025, the company achieved revenue of 2.76 billion yuan and net profit attributable to shareholders of 50 million yuan, representing year-on-year increases of 24.7% and 23.7% respectively [1]. - Q2 2025 revenue and net profit were 1.50 billion yuan and 30 million yuan, showing year-on-year growth of 57.2% and a slight decline of 0.7% in net profit [1]. - The overall gross margin for H1 2025 was 16.4%, an increase of 0.6 percentage points year-on-year [1]. Segment Performance - Revenue from display materials continued to grow rapidly, with H1 2025 revenue of 2.20 billion yuan, up 43.8% year-on-year, while application materials revenue decreased by 23.8% to 490 million yuan due to falling prices [1]. - Major subsidiaries reported varying net profits, with net profits of 30 million yuan, 20 million yuan, and 80 million yuan for subsidiaries Bengbu Zhongheng, Kaisheng Materials, and Guoxian Technology, respectively [1]. International Expansion - The company's international revenue grew by 38.1% year-on-year, with Guoxian Technology establishing an international business department to explore overseas markets [1]. Cost Management - The company reduced its expense ratio by 1.4 percentage points to 13.8% in H1 2025, with improvements in sales, management, and R&D expense ratios [2]. - Operating cash flow improved significantly, reaching 260 million yuan, a year-on-year increase of 802.6% due to better management of accounts receivable and inventory turnover [2]. Product Development - The company has launched a new production line for high-purity quartz sand, with expectations for accelerated application of new products in emerging industries [2]. - The UTG product line is strengthening partnerships with leading domestic end customers, leading to multiple large project orders and key technological breakthroughs [2]. Profit Forecast and Valuation - The company maintains its profit forecast, expecting net profits of 270 million yuan, 330 million yuan, and 380 million yuan for 2025-2027, with a CAGR of 40.3% [3]. - The target price is set at 16.94 yuan, based on a PEG ratio of 1.5x for 2025, reflecting a downward adjustment in valuation premium due to short-term revenue pressures in application materials [3].

Market Overview - The optical optoelectronics sector experienced a decline of 1.41% on September 3, with Absen leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Absen (300389) closed at 15.19, down 8.44% with a trading volume of 255,000 shares and a turnover of 397 million yuan [1] - Huaying Technology (000536) fell by 7.63% to 5.45, with a trading volume of 2.14 million shares and a turnover of 1.204 billion yuan [1] - Other notable declines include Linjie Sensor (300701) down 5.35%, Qianzhao Optoelectronics (300102) down 5.29%, and Fuguang Co., Ltd. (688010) down 4.60% [1] Capital Flow - The optical optoelectronics sector saw a net outflow of 764 million yuan from institutional investors, while retail investors contributed a net inflow of 513 million yuan [1] - The table of capital flow indicates that major stocks like Su Da Weige (300331) and O-film (002456) experienced significant net outflows from institutional and retail investors [2]