Investment Rating - The report maintains a "Recommendation" rating for the company with a target price of 16.1 yuan [2][7]. Core Insights - The company has shown good cost control, leading to an improvement in performance despite a decline in revenue due to the real estate market's downturn. The revenue for H1 2025 was 820 million yuan, a year-on-year decrease of 4.9%, while the net profit attributable to shareholders was 130 million yuan, an increase of 7.8% year-on-year [2][7]. - The decline in revenue is primarily attributed to a 21.3% year-on-year drop in the materials business, influenced by the low demand in the real estate sector, where new housing sales area decreased by 3.5% and sales value by 5.5% in the first half of 2025 [7]. - The company's gross margin for H1 2025 was 44.5%, down 1.5 percentage points year-on-year, with the appliance and materials segments showing margins of 50.5% and 16.8%, respectively [7]. - Effective cost management has led to an increase in profitability, with a net profit margin of 17.3% in Q2 2025, up 2.5 percentage points year-on-year, primarily due to a reduction in expense ratios [7]. Financial Summary - Total revenue projections for the company are as follows: 1,866 million yuan in 2024, 1,926 million yuan in 2025, 2,027 million yuan in 2026, and 2,154 million yuan in 2027, with corresponding year-on-year growth rates of -6.5%, 3.2%, 5.2%, and 6.3% [3][8]. - The net profit attributable to shareholders is projected to be 297 million yuan in 2024, 305 million yuan in 2025, 332 million yuan in 2026, and 358 million yuan in 2027, with growth rates of -3.9%, 2.6%, 8.9%, and 7.9% respectively [3][8]. - Earnings per share (EPS) are expected to increase from 0.76 yuan in 2024 to 0.92 yuan in 2027, with a price-to-earnings (P/E) ratio decreasing from 16 times in 2024 to 13 times in 2027 [3][8].

据证券之星公开数据整理，近期奥普科技（603551）发布2025年中报。根据财报显示，奥普科技净利润 同比增长7.85%。截至本报告期末，公司营业总收入8.2亿元，同比下降4.92%，归母净利润1.33亿元， 同比上升7.85%。按单季度数据看，第二季度营业总收入4.74亿元，同比下降1.48%，第二季度归母净利 润8216.95万元，同比上升15.41%。 本次财报公布的各项数据指标表现一般。其中，毛利率44.46%，同比减3.37%，净利率16.0%，同比增 9.98%，销售费用、管理费用、财务费用总计1.76亿元，三费占营收比21.49%，同比减14.51%，每股净 资产3.37元，同比减4.84%，每股经营性现金流0.17元，同比增49.83%，每股收益0.35元，同比增9.38% 短期借款变动幅度为90.91%,原因:商业承兑汇票贴现。 应收票据变动幅度为100.0%,原因:收到商业承兑汇票增加。 应收款项融资变动幅度为-76.68%,原因:银行承兑汇票到期结算。 预收款项变动幅度为-33.23%,原因:预收房租款项减少。 应付职工薪酬变动幅度为-38.03%,原因:本报告期支付24年计提年终奖。 ...

Investment Rating - The investment rating for the company is "Outperform" (maintained) [1] Core Insights - The company's Q2 performance slightly exceeded expectations, with a total revenue of 820 million yuan for H1 2025, down 4.92% year-on-year, and a net profit attributable to shareholders of 133 million yuan, up 7.85% year-on-year. The Q2 revenue was 474 million yuan, down 1.48% year-on-year, with a net profit of 82 million yuan, up 15.41% year-on-year [7] - The company announced a cash dividend distribution plan for H1 2025, proposing a cash dividend of 3.0 yuan per 10 shares, totaling 115.12 million yuan, which accounts for 86.62% of the net profit attributable to shareholders for the same period [7] - The company is focusing on product innovation in its electrical products segment, introducing features like smart temperature control and automatic switches, and expanding its product line to include kitchen air conditioners and other appliances [7] - The company is also integrating its electrical modules with home materials to create a one-stop solution for quick installation [7] - The company has maintained a high level of dividend payout, indicating long-term investment value [7] Financial Data and Profit Forecast - For 2025, the company is expected to achieve total revenue of 1,966 million yuan, with a year-on-year growth rate of 5.4%. The net profit attributable to shareholders is projected to be 316 million yuan, with a growth rate of 6.4% [5] - The gross profit margin for H1 2025 was 44.46%, with a net profit margin of 16.00%, reflecting a year-on-year increase of 1.45 percentage points [7] - The company’s return on equity (ROE) is projected to be 22.2% for 2025, increasing to 23.8% by 2027 [5]

Market Overview - The kitchen and bathroom appliance sector increased by 0.48% on August 26, with Aopu Technology leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance - Aopu Technology (603551) closed at 12.79, up 4.24% with a trading volume of 57,800 shares and a turnover of 73.02 million yuan [1] - Boss Electric (002508) closed at 20.24, up 1.20% with a trading volume of 118,900 shares and a turnover of 241 million yuan [1] - Wanhe Electric (002543) closed at 12.82, up 0.79% with a trading volume of 53,300 shares and a turnover of 68.11 million yuan [1] - Other notable stocks include Zhejiang Meida (002677) at 7.13 (+0.71%), and Vatti (002035) at 6.69 (+0.60%) [1] - Shuaifeng Electric (605336) closed at 15.94, down 0.13%, while Mars Man (300894) closed at 14.74, down 0.47% [1] - Yitian Smart (300911) closed at 57.50, down 1.91% with a significant turnover of 456 million yuan [1] Fund Flow Analysis - The kitchen and bathroom appliance sector experienced a net outflow of 19.79 million yuan from institutional investors and 10.70 million yuan from retail investors, while retail investors saw a net inflow of 30.49 million yuan [1] - Detailed fund flow for individual stocks shows that Yitian Smart (300911) had a net inflow of 39.04 million yuan from institutional investors, while it faced a net outflow of 39.13 million yuan from retail investors [2] - Boss Electric (002508) had a significant net outflow of 30.53 million yuan from institutional investors, but a net inflow of 28.01 million yuan from retail investors [2] - Shuaifeng Electric (605336) saw a net outflow of 7.60 million yuan from institutional investors, with a notable net inflow of 7.33 million yuan from retail investors [2]

证券代码：603551 证券简称：奥普科技 公告编号：2025-055 奥普智能科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： ? 会议召开时间：2025 年 9 月 2 日(星期二) 下午 15:00-16:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ? 投资者可于 2025 年 08 月 27 日(星期三) 至 9 月 1 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 aupuzqb@aupu.net 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 三、参加人员 奥普智能科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日发布 公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年 度报告经营成果、财务状况，公司计划于 2 ...

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： 会议召开时间：2025 年 9 月 2 日(星期二) 下午 15:00-16:00 证券代码：603551 证券简称：奥普科技 公告编号：2025-055 奥普智能科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 08 月 27 日(星期三) 至 9 月 1 日(星期一)16:00 前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 aupuzqb@aupu.net 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 奥普智能科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日发布 公司 2025 年半年度报告，为便于广大投资者更全面深 ...

Group 1 - Aopu Technology (603551.SH) reported its 2025 semi-annual results, with 14 institutional investors holding a total of 290 million shares, representing 74.20% of the company's total equity as of August 25, 2025 [1] - The top ten institutional investors collectively hold 74.03% of Aopu Technology's shares, with an increase of 0.67 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, five funds increased their holdings in Aopu Technology, with a total increase of 0.27% [2] - Three new public funds disclosed their holdings in Aopu Technology during this period [2] - One new social security fund disclosed its holdings in Aopu Technology, specifically the招商基金管理有限公司-社保基金1903组合 [2] - Two foreign funds reduced their holdings in Aopu Technology, indicating a slight decrease in foreign investment [2]

Company Distribution Plans - The company announced a semi-annual distribution plan for 2025, proposing a cash dividend of 3 yuan per 10 shares, totaling 115 million yuan [3] - This marks the eighth distribution since the company's listing, with a payout ratio of 86.62% of net profit [3][4] - The calculated dividend yield based on the average trading price for the first half of 2025 is 2.83% [3] Financial Performance - For the first half of 2025, the company reported revenue of 820 million yuan, a year-on-year decrease of 4.92% [1] - The net profit for the same period was 133 million yuan, reflecting a year-on-year increase of 7.85% [1] - The basic earnings per share (EPS) stood at 0.35 yuan [1] Industry Context - In the home appliance sector, six companies have announced their semi-annual distribution plans for 2025, with the highest cash distribution being 300 million yuan from Debang Lighting, followed by Huaxiang Co. and the company, with distributions of 116 million yuan and 115 million yuan respectively [2] - The company's cash distribution ranks among the top in its industry, indicating a competitive position in terms of shareholder returns [2]

2025年8月26日，奥普科技(603551.SH)发布2025年中报。 公司营业总收入为8.20亿元。归母净利润为1.33亿元，较去年同报告期归母净利润增加967.19万元，同比较去年同期上涨7.85%。经营活动现金净流入为 6464.67万元，较去年同报告期经营活动现金净流入增加2027.48万元，同比较去年同期上涨45.69%。 公司摊薄每股收益为0.35元，较去年同报告期摊薄每股收益增加0.03元，同比较去年同期上涨9.38%。 公司最新总资产周转率为0.38次，较去年同期总资产周转率增加0.01次，同比较去年同期上涨3.57%。最新存货周转率为3.05次，较去年同期存货周转率增加 0.51次，实现3年连续上涨，同比较去年同期上涨19.94%。 公司股东户数为1.01万户，前十大股东持股数量为3.13亿股，占总股本比例为80.23%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | TRICOSCO LIMITED | 63.71 | | 2 | 吴兴杰 | 6.34 | | 3 | 中国农业银行股份有限公司-平安低碳经济混合型证券投资 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：603551 公司简称：奥普科技 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网站（www.sse.com.cn）网站仔细阅读半年度报告全文。 经公司第三届董事会第二十一次会议审议通过，公司2025年半年度利润分配预案为，拟以实施权益分派 股权登记日的总股本扣除公司回购专户的股份的余额为基数，每10股派发现金红利3.0元（含税），合 计拟派发现金红利115,120,095元（含税），占公司2025年半年度合并报表归属于母公司股东的净利润的 比例为86.62%，不实施送股和资本公积转增股本。 如在本公告披露之日起至实施权益分派股权登记日期间，因可转债转股、回购股份、股权激励授予股份 回购注销、重大资产重组股份回购注销等致使公司总股本发生变动的，拟维持每股分配金额不变，相应 调整分配总金额。如后续总股本发生变化，将另行公告具体调整情况。 本次利润分配方案尚需提交公司股东会审议。 第二节 公司基本情况 2.1公司简介 ■ 1.2本公司董事会、监事会及董事、监事、 ...