据证券之星公开数据整理，近期国睿科技（600562）发布2025年中报。截至本报告期末，公司营业总收 入17.21亿元，同比上升10.41%，归母净利润3.5亿元，同比上升1.15%。按单季度数据看，第二季度营 业总收入13.58亿元，同比上升36.23%，第二季度归母净利润2.74亿元，同比上升19.2%。本报告期国睿 科技公司应收账款体量较大，当期应收账款占最新年报归母净利润比达761.24%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率41.28%，同比增0.1%，净利率20.28%，同比减 8.51%，销售费用、管理费用、财务费用总计1.01亿元，三费占营收比5.88%，同比增13.12%，每股净资 产4.97元，同比增7.88%，每股经营性现金流-0.03元，同比增91.03%，每股收益0.28元 其他应付款变动幅度为565.04%,原因:2024年年度股东大会通过2024年利润分配方案，本报告期末尚未 完成实施，应付股利增加。 一年内到期的非流动负债变动幅度为42.11%,原因:一年内到期的租赁负债增加。 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | - ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company reported strong performance in radar equipment, with core competitiveness continuously strengthening [1] - In the first half of 2025, the company achieved operating revenue of 1.721 billion yuan, a year-on-year increase of 10.41%, and a net profit attributable to shareholders of 350 million yuan, a year-on-year increase of 1.15% [1][7] - The growth in revenue is primarily driven by successful military trade project deliveries, with radar equipment and related systems being the largest revenue contributor [7] - The company has made significant progress in international market expansion and has secured key domestic projects, reinforcing its main business advantages [7] - The gross profit margin for the first half of 2025 was 41.28%, a slight decrease of approximately 0.8 percentage points year-on-year, influenced by changes in product structure [7] Financial Summary - Revenue projections for the company are as follows: - 2023A: 3,282 million yuan - 2024A: 3,400 million yuan - 2025E: 3,985 million yuan - 2026E: 4,485 million yuan - 2027E: 5,159 million yuan - Net profit projections are: - 2023A: 599.21 million yuan - 2024A: 629.76 million yuan - 2025E: 751.91 million yuan - 2026E: 855.97 million yuan - 2027E: 971.15 million yuan [1][8] - The company’s earnings per share (EPS) for the latest diluted share is projected to be: - 2023A: 0.48 yuan - 2024A: 0.51 yuan - 2025E: 0.61 yuan - 2026E: 0.69 yuan - 2027E: 0.78 yuan [1][8] - The price-to-earnings (P/E) ratio is projected to decrease from 59.50 in 2023A to 36.71 in 2027E [1][8]

Investment Rating - The report maintains a "Recommend" rating for Guorui Technology (600562) [1] Core Views - The company experienced a 19% year-on-year growth in Q2 performance, driven by strong military trade project deliveries [1] - The military radar business is expected to benefit from the acceleration in building new combat capabilities, with the military trade market showing positive trends [2] - The company is making progress in the low-altitude economy sector, with successful bids for projects that enhance its market position [2] Financial Summary - In the first half of 2025, the company achieved a revenue of 1.721 billion yuan, a year-on-year increase of 10.41%, and a net profit attributable to shareholders of 350 million yuan, up 1.15% [1] - The revenue from radar equipment and related systems reached 1.550 billion yuan, growing 16.57% year-on-year, while the gross margin was 42.46% [1] - The company adjusted its profit forecasts for 2025-2027 to 740 million, 940 million, and 1.1 billion yuan respectively, with corresponding EPS of 0.6, 0.76, and 0.89 yuan [2][3] Business Segments - The radar equipment and related systems segment showed strong performance, while the smart rail transit and industrial software segments faced declines [1] - The smart rail transit business reported a revenue of 88 million yuan, down 30.59%, but with an improved gross margin of 23.60% [1] - The industrial software and intelligent manufacturing segment generated 83 million yuan, a decrease of 18.89%, with a gross margin of 37.93% [1] Market Position - The company is well-positioned in the military trade sector, with its subsidiary Guorui Defense achieving a revenue of 1.363 billion yuan, up 26.30% year-on-year [2] - The company has secured significant contracts in the low-altitude monitoring field, enhancing its competitive edge [2]

Core Viewpoint - The company, Guorui Technology, is focusing on high-quality development and enhancing its core business operations while achieving steady growth in revenue and profit during the first half of 2025 [1] Financial Performance - The company reported a revenue of 1.721 billion yuan, representing a year-on-year growth of 10.41% - The net profit attributable to shareholders reached 350 million yuan, with a year-on-year increase of 1.15% [1] Innovation and R&D - The company increased its R&D investment to 76.062 million yuan, a growth of 5.34% year-on-year - It obtained 16 patent authorizations, including 8 invention patents and 8 utility model patents, along with 20 new software copyrights [2] - In the radar system sector, the company is developing a comprehensive radar product system focusing on key areas such as S-band and X-band phased array radars [2] Business Segments - The radar equipment and related systems segment is strengthening its technical advantages, with military trade and civilian markets advancing simultaneously [1][3] - The industrial software and intelligent manufacturing segment is seeing stable project implementation and significant achievements in domestic production [1][2] - The smart rail transit segment has made breakthroughs in regional expansion and is enhancing its integrated system solutions [3] Market Expansion - The company is actively expanding its market presence by acquiring new customers and projects across its three main business segments [4] - In the radar equipment segment, the company has successfully bid for various projects, including meteorological radar and airport radar projects [4] - The industrial software segment is deepening cooperation with leading enterprises in various industries, validating the maturity and applicability of its software [4] Management and Governance - The company is enhancing its management efficiency and governance capabilities, focusing on quality improvement and return on investment [5] - It has initiated a rolling development plan for 2025-2027 and is optimizing its internal control systems and key business processes [5] - The company is also improving its talent acquisition mechanisms and performance evaluation systems to boost organizational vitality [5]

证券之星消息，近日国睿科技披露，截至2025年6月30日公司股东户数为3.67万户，较3月31日增加1.32 万户，增幅为56.03%。户均持股数量由上期的5.27万股减少至3.38万股，户均持股市值为106.45万元。 | | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） 广均持股数(股) | | | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | 54.67% | 36738 13193 | 56.03% | 106.45万 | 3.38万 | | 2025-03-31 | 2.16% | 23545 -2723 | -10.37% | 107.39万 | 5.27万 | | 2024-12-31 | 29.33% | 26268 -5256 | -16.67% | 94.22万 | 4.73万 | | 2024-09-30 | 14.02% | 31524 -1235 | -3.77% | 60.71万 | 3.94万 | 根据统计，国睿科技2025年3月31日至2025年6月30日，主力资金净流入3001.3 ...

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Viewpoints - The company achieved a revenue of 1.72 billion yuan in the first half of 2025, representing a year-over-year increase of 10.4%, with a net profit attributable to shareholders of 350 million yuan, up 1.1% year-over-year [1]. - In the second quarter of 2025, the company reported a revenue of 1.36 billion yuan, a significant year-over-year increase of 36.2%, and a net profit of 270 million yuan, up 19.2% year-over-year [1]. - The company is recognized as a leader in radar technology, with a focus on expanding into strategic emerging industries such as low-altitude economy and commercial aerospace [4]. Revenue Breakdown - In the first half of 2025, radar equipment and related systems generated 1.55 billion yuan in revenue, accounting for 90% of total revenue, with a year-over-year growth of 16.6% [2]. - The defense subsidiary, Guorui Defense, reported a revenue of 1.36 billion yuan, reflecting a year-over-year increase of 26.3% [2]. Financial Performance - The gross margin for the first half of 2025 was 41.3%, down 0.1 percentage points year-over-year, while the net margin decreased by 1.9 percentage points to 20.3% [1]. - The company experienced a significant improvement in net cash flow from operating activities, moving from -360 million yuan in the previous year to -30 million yuan in the first half of 2025 [3]. Future Earnings Forecast - The projected net profit attributable to shareholders for 2025, 2026, and 2027 is expected to be 766 million yuan, 930 million yuan, and 1.09 billion yuan, respectively, with corresponding price-to-earnings ratios of 47x, 38x, and 33x [4][5].

第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到上海证券交易所www.sse.com.cn网站仔细阅读半年度报告全文。 登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：600562 公司简称：国睿科技 1.2本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.3公司全体董事出席董事会会议。 1.4本半年度报告未经审计。 1.5董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 第二节 公司基本情况 2.1公司简介 ■ 2.2主要财务数据 单位：元 币种：人民币 ■ 2.3前10名股东持股情况表 单位: 股 ■ 2.4截至报告期末的优先股股东总数、前10名优先股股东情况表 □适用 √不适用 2.5控股股东或实际控制人变更情况 □适用 √不适用 2.6在半年度报告批准报出日存续的债券情况 □适用 √不适用 第三节 重要事项 公司应当根据重要性原则，说明报告期内公司经营情况的重大变化，以及报告期内发生的对公司经营情 况有 ...

Meeting Overview - The first extraordinary general meeting of Guorui Technology Co., Ltd. is scheduled for September 3, 2025, at 14:30 in Nanjing, Jiangsu Province [1] - The meeting will utilize the Shanghai Stock Exchange's online voting system, allowing shareholders to vote on the same day [1] Agenda Items - The first agenda item involves the proposal to appoint Tianjian Accounting Firm as the new auditor, replacing the previous auditor, Dahua Accounting Firm, which served for eight years [7][8] - The second agenda item is about providing performance guarantees for the wholly-owned subsidiary, Nanjing Enruit Industrial Co., Ltd., in a joint bid for a project with Chinney Alliance Engineering Limited [9][10] - The third agenda item proposes to expand the company's business scope to include radar, special power supplies, industrial software, intelligent manufacturing, and rail transit [13][14] Auditor Information - Tianjian Accounting Firm was established on July 18, 2011, and has 241 partners and 2,356 registered accountants as of December 31, 2024 [1][2] - The firm has a history of civil litigation related to its auditing practices but has not faced criminal penalties [4][5] - The proposed audit fee for 2025 is estimated at 1.56 million yuan, a decrease of 13.33% from the previous year [6] Performance Guarantee Details - The performance guarantee for the joint venture is necessary for the bidding process for a project with the Hong Kong government, with a total contract value of approximately 3.6 billion HKD [9][10] - The guarantee period is expected to last for 55 months, covering all obligations under the contract [9][10] Business Scope Expansion - The proposed changes to the business scope aim to align with the company's development needs and current operational realities [13][14] - The revised articles of association will reflect these changes, pending approval from the market supervision and management department [14]

智通财经APP讯，国睿科技(600562.SH)披露2025年半年度报告，报告期公司实现营收17.21亿元，同比 增长10.41%;归母净利润3.5亿元，同比增长1.15%;扣非净利润3.41亿元，同比增长1.16%;基本每股收益 0.28元。 ...

Core Viewpoint - The report highlights the financial performance and strategic focus of Glarun Technology Co., Ltd. for the first half of 2025, emphasizing growth in revenue and net profit, alongside ongoing advancements in radar systems, industrial software, and smart transportation solutions [1][2][3]. Financial Performance - The total revenue for the first half of 2025 reached CNY 1,720,823,607.08, representing a 10.41% increase compared to CNY 1,558,520,321.33 in the same period last year [2][14]. - The total profit amounted to CNY 408,027,966.60, a 3.50% increase from CNY 394,224,969.40 year-on-year [2][14]. - The net profit attributable to shareholders was CNY 349,597,742.09, reflecting a 1.15% increase from CNY 345,630,818.66 in the previous year [2][14]. - The net cash flow from operating activities was negative at CNY -32,349,420.40, an improvement from CNY -360,714,182.47 in the previous year [2][15]. Business Segments Radar Equipment and Related Systems - The radar sector is positioned as a critical component for national security, with military radar technology continuously evolving and the market expanding due to increased global military spending [3][4]. - The company is actively involved in developing various radar systems, including low-altitude monitoring and weather radar, to meet growing domestic and international demands [3][4][9]. Industrial Software and Smart Manufacturing - The industrial software segment is experiencing accelerated growth, supported by national policies promoting software upgrades and investments in smart manufacturing [4][5]. - The company focuses on providing end-to-end digital solutions for smart enterprises, enhancing operational efficiency across various industries, including aerospace and automotive [5][6][10]. Smart Transportation - The urban rail transit sector is shifting towards high-quality development, with the company offering integrated solutions for construction, operation, and maintenance [6][8]. - The company has successfully secured contracts for maintenance management systems and has contributed to significant events, such as the Winter Olympics, enhancing its reputation in the market [8][9]. Strategic Initiatives - The company is committed to innovation and technology advancement, focusing on developing new products and solutions in radar systems, industrial software, and smart transportation [9][10][18]. - A rolling plan for 2025-2027 has been established to enhance strategic capabilities and market competitiveness, with a focus on emerging industries [17][19]. - The company aims to improve operational efficiency and resource utilization through refined management practices and cost-reduction initiatives [11][12][17]. Corporate Governance - The company has made significant updates to its governance structure, including revisions to its articles of association and the introduction of independent director roles to enhance compliance and operational effectiveness [19][20]. - A focus on internal control and risk management has been emphasized to ensure sustainable growth and shareholder value [19][20].