证券之星消息，8月29日多元金融板块较上一交易日下跌1.36%，海南华铁领跌。当日上证指数报收于 3857.93，上涨0.37%。深证成指报收于12696.15，上涨0.99%。多元金融板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603093 | 南华期货 | 23.36 | 2.05% | 15.61万 | | 3.62亿 | | 600053 | 九鼎投资 | 18.41 | 1.88% | 10.78万 | | · 1.97亿 | | 600901 | 江苏金租 | 5.72 | 1.06% | 45.75万 | | 2.62亿 | | 002961 | 瑞达期货 | 23.17 | 0.96% | 7.74万 | | 1.80亿 | | 300773 | 拉卡拉 | 28.30 | 0.64% | 48.46万 | | 13.76亿 | | 002423 | 中粮资本 | 14.29 | 0.42% | 207.92万 | | 30.46亿 | ...

Investment Rating - The report maintains a "Buy" rating for Hainan Huatie, with a target price not specified [6][17]. Core Views - The company achieved a revenue of 2.805 billion yuan in H1 2025, representing a year-on-year growth of 18.89%. The net profit attributable to shareholders was 341 million yuan, up 1.85% year-on-year, while the net profit excluding non-recurring items decreased by 10.76% to 298 million yuan [1]. - The report highlights the stable growth of the company's computing power leasing business and its strategic expansion into overseas markets, including plans for a listing in Singapore to diversify financing [4]. Financial Performance - In H1 2025, the company's operating leasing, sales, and processing services generated revenues of 2.775 billion yuan and 10 million yuan, respectively, with year-on-year growth rates of 20.13% and a decline of 72.28%. The gross margins for these segments were 40.25% and 78.46%, showing a slight decrease and increase year-on-year, respectively [2]. - The gross margin for H1 2025 was 40%, down 2.96 percentage points year-on-year, while the net profit margin was 12.33%, down 2.39 percentage points year-on-year. The company reported a cash flow from operations of 1.372 billion yuan, an increase of 224 million yuan year-on-year [3]. Business Expansion - The company has expanded its engineering equipment fleet to over 180,000 units, with a stable rental rate of over 87%. It has also opened 10 new offline outlets, bringing the total to 380, and established its first store in Hong Kong [2]. - The company is actively pursuing overseas business opportunities in regions such as South Korea, Saudi Arabia, and the UAE, while its online business channels generated nearly 90 million yuan in rental income, reflecting a growth of over 25% year-on-year [2]. Future Projections - The projected net profits for the company from 2025 to 2027 are estimated at 650 million yuan, 1.06 billion yuan, and 1.3 billion yuan, respectively, with corresponding price-to-earnings ratios of 33.8, 20.7, and 17.1 times [1][5].

Core Viewpoint - Hainan Huatie's stock experienced a decline of 4.17% on August 28, with a trading volume of 3.454 billion yuan, indicating a significant market reaction to recent financial activities [1] Financing Summary - On August 28, Hainan Huatie had a financing buy-in of 427 million yuan and a financing repayment of 488 million yuan, resulting in a net financing outflow of 60.4 million yuan [1] - The total financing and securities balance for Hainan Huatie reached 1.650 billion yuan, with the financing balance accounting for 7.50% of the circulating market value, indicating a high level compared to the past year [1] - The company had no shares repaid in securities lending on August 28, with 32,500 shares sold, amounting to 358,500 yuan, and a securities lending balance of 3.502 million yuan, also reflecting a high level compared to the past year [1] Business Performance - As of June 30, Hainan Huatie reported a total of 224,900 shareholders, an increase of 5.51% from the previous period, with an average of 8,849 circulating shares per person, a decrease of 5.20% [2] - For the first half of 2025, Hainan Huatie achieved an operating income of 2.805 billion yuan, representing a year-on-year growth of 18.89%, and a net profit attributable to shareholders of 341 million yuan, up 1.85% year-on-year [2] Dividend and Shareholding Structure - Since its A-share listing, Hainan Huatie has distributed a total of 230 million yuan in dividends, with 93.1 million yuan distributed over the past three years [3] - As of June 30, 2025, among the top ten circulating shareholders, the Southern CSI 1000 ETF held 14.6979 million shares, an increase of 2.9021 million shares from the previous period, while Hong Kong Central Clearing Limited reduced its holdings by 12.7739 million shares to 12.1043 million shares [3]

据证券之星公开数据整理，近期海南华铁（603300）发布2025年中报。截至本报告期末，公司营业总收 入28.05亿元，同比上升18.89%，归母净利润3.41亿元，同比上升1.85%。按单季度数据看，第二季度营 业总收入15.17亿元，同比上升20.93%，第二季度归母净利润1.51亿元，同比下降15.6%。本报告期海南 华铁短期债务压力上升，流动比率达0.89。 本次财报公布的各项数据指标表现一般。其中，毛利率40.05%，同比减6.88%，净利率12.33%，同比减 16.26%，销售费用、管理费用、财务费用总计7.15亿元，三费占营收比25.47%，同比增11.73%，每股净 资产3.28元，同比增9.94%，每股经营性现金流0.69元，同比增18.29%，每股收益0.17元 建议关注公司现金流状况（货币资金/流动负债仅为9.93%） 建议关注公司债务状况（有息资产负债率已达30.04%、流动比率仅为0.89） 建议关注公司应收账款状况（应收账款/利润已达752.69%） 分析师工具显示：证券研究员普遍预期2025年业绩在8.48亿元，每股收益均值在0.43元。 | 项目 | 2024年中报 | 20 ...

智通财经APP讯，海南华铁(603300.SH)发布2025年半年度报告，该公司营业收入为28.05亿元，同比增 长18.89%。归属于上市公司股东的净利润为3.41亿元，同比增长1.85%。归属于上市公司股东的扣除非 经常性损益的净利润为2.98亿元，同比减少10.76%。基本每股收益为0.17元。 ...

格隆汇8月27日丨海南华铁(603300.SH)发布2025年半年度报告，报告期实现营业收入28.05亿元，同比增 长18.89%；归属上市公司股东的净利润3.41亿元，同比增长1.85%；扣除非经常性损益后的归属于上市 公司股东的净利润2.98亿元，同比下降10.76%；基本每股收益0.17元。 ...

1 | HUATIE| 海南华铁 2025半年度报告 2025 SEMI-ANNUAL REPORT 股票代码:603300.SH 浙江海控南科华铁数智科技股份有限公司 2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人胡丹锋、主管会计工作负责人张伟丽及会计机构负责人(会计主管人员) 张伟丽 声明:保证半年度报告中财务报告的真实、准确、完整。 五、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 元 六、 前瞻性陈述的风险声明 √ 适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺,敬请投资 者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在 ...

证券代码：603300 证券简称：海南华铁 公告编号：临 2025-065 浙江海控南科华铁数智科技股份有限公司 对外担保进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 被担保人名称：海南华铁大黄蜂建筑机械设备有限公司（以下简称"华 铁大黄蜂"）、浙江海控南科华铁数智科技股份有限公司（以下简称"海南华 铁"或"公司"） 担保人名称：海南华铁、浙江大黄蜂建筑机械设备有限公司（以下简称 "浙江大黄蜂"） 一、担保情况概述 公司于 2025 年 4 月 30 日召开 2025 年第二次临时股东大会，审议通过了《关 于 2025 年度担保额度预计的议案》，2025 年度公司拟新增对子公司提供总计 不超过人民币 745,000 万元的担保额度，子公司拟对公司新增提供总计不超过 人民币 255,000 万元的担保额度。具体内容详见公司在上海证券交易所网站 （www.sse.com.cn）披露的《浙江海控南科华铁数智科技股份有限公司关于 2025 年度担保额度预计的公告》（公告编号：临 2025-023）及《浙江海 ...

Core Viewpoint - The company entered the aerial work platform rental market in 2019, establishing the "Wasp" brand, covering over 600 cities, achieving near nationwide coverage, and ranking among the industry leaders [1] - The company is expanding its equipment rental platform into multiple categories, including heavy-duty drones, forklifts, and RVs, with rapid asset scale growth [1] - In May 2024, the company announced an investment to build an intelligent computing center, entering the computing power rental market, with a total of signed computing service contracts reaching 6.67 billion yuan, potentially creating a new growth curve [1] Summary by Sections Equipment Rental Platform - The company has developed a mature online and offline model for its equipment rental platform, entering the aerial work platform rental market in 2019 and establishing 370 offline outlets by the end of 2024, including 25 light-asset operation outlets [2] - The "Wasp" brand has achieved coverage in over 600 cities, with a total management scale of 168,000 units by the end of 2024, representing a 38.8% year-on-year growth and a market share of 25.1%, indicating a leading market position [2] - The company is expanding into multiple categories such as forklifts, drones, and consumer RVs, leveraging its core customer base through channels and service outlets [2] Financing and Cost Advantages - In 2024, Hainan State-owned Assets Control acquired a 14.0% stake for 2 billion yuan, enabling the company to transition from a private to a state-owned enterprise [3] - Since the state-owned investment, the company has established a regional headquarters in Hainan and collaborated with local enterprises to build computing power facilities, with total investments exceeding 10 billion yuan [3] - The company has seen a significant reduction in financing costs, with bond issuance rates of 2.9% and 2.66%, enhancing its competitive edge in financing [3] - The company is exploring diverse financing methods, expanding through financing leasing and light-asset models to alleviate cash flow pressure, and plans to list on the Singapore Stock Exchange [3] - In July, the company issued "Wasp Brother" NFTs and initiated a collaboration with Shanghai Data Exchange for equipment rental RDA, exploring the integration of blockchain technology with equipment rental [3] New Growth Curve in Computing Power - The company announced an investment of 1 billion yuan in May 2024 to build an intelligent computing center, primarily providing computing power services to internet companies [3] - By the end of Q1 2025, the company had signed computing service contracts totaling 6.67 billion yuan, with 4.2 billion yuan added in a single quarter, and nearly 900 million yuan in computing asset delivery [3]

Summary of Hainan Huatie Conference Call Industry Overview - The demand for AI-driven computing power leasing is surging, but domestic marginal growth is slowing down. The overseas market is experiencing rapid growth due to the implementation of O3 models and A-type products, indicating a potential new expansion cycle in the domestic market in the second half of the year [2][4] - The supply of computing power remains tight domestically, with high demand for cost-effective computing resources. Companies with strong cluster networking capabilities will have a competitive advantage [2][4] - The approval of IDC energy consumption has shifted to central authorities, leading to a contraction in supply, while the investment attraction efforts in core regions have intensified [2][4] Company Insights: Hainan Huatie - Hainan Huatie can leverage the advantages of the Hainan Free Trade Port policy to provide cost-effective computing resources and focus on emerging application scenarios such as multimodal video generation, capitalizing on government investment attraction opportunities [2][5] - The company has successfully expanded into the computing power leasing sector, achieving significant revenue with projected income of 500-600 million yuan in 2024 and signing contracts worth 6-7 billion yuan in asset scale [3][10] - The chairman's focus on cutting-edge technology and adaptability has been crucial for the company's successful entry into the computing power sector, with early positioning in the market [11] Market Dynamics - The scarcity of computing resources in the Beijing-Tianjin-Hebei region and first-tier cities is becoming more pronounced, supporting local prices due to reduced supply [7][8] - The demand for high-end cards is expected to increase due to the expansion in fields like multimodal text-to-video generation, benefiting companies with advanced card and cluster networking capabilities [8] - The overall computing power leasing industry is anticipated to see a new round of expansion driven by total volume growth and the increasing demand for high-end computing resources [8] Financial Performance - Hainan Huatie's high-altitude operation platform business has shown excellent performance, with the computing power leasing business generating considerable income [3][10] - The company is expected to contribute 600-700 million yuan in profits this year, with a target of forming around 10 billion yuan in patent assets by 2027, potentially generating 3-4 billion yuan in income [10] Strategic Opportunities - The company should focus on new application scenarios and maintain awareness of policy changes and regional development dynamics to optimize resource allocation and seize opportunities for future expansion [5][6] - The listing in Singapore is expected to facilitate easier access to local funding, lower asset prices, and enhance the company's overall competitive strength [12][13]