长盈通(688143.SH)发布公告，公司拟通过发行股份及支付现金方式，向武汉创联智光科技有限公司、 李龙勤、宁波铖丰皓企业管理有限公司等3名交易对方收购武汉生一升光电科技有限公司100%股权。公 司于近日收到中国证券监督管理委员会出具的《关于同意武汉长盈通光电技术股份有限公司发行股份购 买资产注册的批复》(证监许可〔2025〕1966号)，同意公司向武汉创联智光科技有限公司发行3,239,179 股股份、向宁波铖丰皓企业管理有限公司发行1,979,498股股份、向李龙勤发行1,187,699股股份购买相关 资产的注册申请。 ...

智通财经APP讯，长盈通(688143.SH)发布公告，公司拟通过发行股份及支付现金方式，向武汉创联智 光科技有限公司、李龙勤、宁波铖丰皓企业管理有限公司等3名交易对方收购武汉生一升光电科技有限 公司100%股权。公司于近日收到中国证券监督管理委员会出具的《关于同意武汉长盈通光电技术股份 有限公司发行股份购买资产注册的批复》(证监许可〔2025〕1966号)，同意公司向武汉创联智光科技有 限公司发行3,239,179股股份、向宁波铖丰皓企业管理有限公司发行1,979,498股股份、向李龙勤发行 1,187,699股股份购买相关资产的注册申请。 ...

长盈通公告，公司拟通过发行股份及支付现金的方式向交易对方购买标的资产，交易价格为1.58亿元。 交易对方包括武汉创联智光科技有限公司、李龙勤和宁波铖丰皓企业管理有限公司，分别持有标的公司 45.00%、27.50%和27.50%的股权。交易对价中，发行股份支付1.41亿元，现金支付1738万元。发行股份 价格为21.95元/股，发行数量为640.64万股，占发行后总股本的4.97%。 ...

继2024年营收、净利实现双增长后，"光纤环第一股"长盈通(688143.SH)交出了一份亮眼的中报，2025 年上半年，公司实现营业总收入1.92亿元，同比增长40.40%；归母净利润2910.97万元，同比增长 91.82%。长盈通透露，公司营收增长的核心动力来自光纤环器件订单的爆发式增长。 长盈通成立于2010年，是国内专业从事光纤陀螺核心器件光纤环及其综合解决方案研发、生产、销售和 服务的国家级专精特新"小巨人"企业。公司于2022年在科创板挂牌上市，被业界称为"光纤环第一股"。 长盈通中报显示，2025年上半年，公司实现营业总收入1.92亿元，同比增长40.40%；归母净利润 2910.97万元，同比增长91.82%；扣非净利润2573.26万元，同比增长202.96%；毛利率为52.65%，同比 上升5.62个百分点；净利率为15.30%，较上年同期上升4.32个百分点。 在半年报中，长盈通表示，营收增长的核心动力来自光纤环器件订单的爆发式增长。作为光纤陀螺的核 心组件，该产品广泛应用于战术武器、航天器等军用导航系统。光纤环器件在长盈通2024年同期是公司 第二大业务，营收3600.73万元，低于 ...

单季来看，25Q2 营收1.27 亿（YoY+58.7%，QoQ+93.5%），展现强劲增长势头；归母净利0.21 亿（ YoY+140.9%，QoQ+151.7%），延续Q1的上行态势，业绩表现亮眼，或因季度波动叠加下游需求放量 所致。 光纤环器件驱动公司收入和毛利率上涨：军品订货量增加，光纤环器件收入1.11 亿元 （YoY+207.4%），成为公司增长主要驱动力；特种光纤和新型材料收入分别为0.37 亿元（ YoY-20.9% ） 和0.14 亿元（YoY+10.8%）。公司25H1 综合毛利率52.7%，同比大增5.6pct, 其中光纤环器件毛利率 56.6%（YoY+15.9pct）, 特种光纤毛利率73.9%，YoY-0.12pct，较为稳定；新型材料毛利率24.1%，同比 下降6.7pct。 事件：公司发布25 年半年报，25H1 实现营收1.92 亿元（同比+40.4%），归母净利0.29 亿元（同比 +91.8%）。 订单交付加速，业绩表现亮眼：25H1 实现营收1.92 亿元（同比+40.4%），营收增长显著，系光纤环器 件订单交付数量增加。归母净利0.29 亿元（同比+91.8%），增收 ...

（记者 王晓波） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯，中国银河9月2日发布研报称，给予长盈通（688143.SH，最新价：49.21元）推荐评级。评 级理由主要包括：1）订单交付加速，业绩表现亮眼；2）订单饱满，回款向好；3）收购生一升，开拓 新增长曲线。风险提示：行业需求波动的风险；新产品市场开拓不及预期的风险。 每经头条（nbdtoutiao）——阿里的双向突围 ...

Investment Rating - The report assigns a "Buy-A" investment rating to the company with a 12-month target price of 57.80 CNY [5][8]. Core Views - The company has achieved rapid performance recovery, with a revenue of 192 million CNY in H1 2025, representing a year-on-year increase of 40.4%, and a net profit of 29 million CNY, up 91.82% year-on-year [1]. - The growth in revenue from optical fiber devices exceeded 200%, significantly contributing to the company's performance recovery and rapid restoration of profitability [2]. - The company is increasing its R&D investment to solidify its leading position in the optical fiber sensing field, with R&D expenses growing by 41.44% to 18 million CNY, representing a 9.5% R&D expense ratio [3]. - The company is actively expanding its development boundaries through both organic growth and acquisitions, including a planned acquisition of Shengyisheng, which will enhance its capabilities in optical communication and AI optical modules, thereby opening up long-term growth potential [4]. Financial Summary - The company is projected to achieve net profits of 68 million CNY, 114 million CNY, and 166 million CNY for the years 2025, 2026, and 2027, respectively, with growth rates of 281%, 66.46%, and 45.85% [5]. - The forecasted revenue for 2025 is 485 million CNY, with a net profit margin of 14.1% [11]. - The company’s average PE ratio for comparable companies is expected to be 81 and 61 times for 2025 and 2026, respectively, with the report suggesting a valuation premium due to the company's strategic positioning in specialty optical fibers and optical fiber rings [5][10].

Core Viewpoint - Longyingtong's 1H25 net profit increased by 91.8% year-on-year, driven by significant growth in optical fiber components and strategic expansion into AI and big data sectors [2][5]. Financial Performance - 1H25 revenue reached 192 million yuan, up 40.4% year-on-year; net profit was 29 million yuan, up 91.8% year-on-year; and non-recurring net profit was 26 million yuan, up 203.0% year-on-year [2]. - In Q2 2025, revenue was 127 million yuan, a 58.7% increase year-on-year; net profit was 21 million yuan, up 140.9% year-on-year; and non-recurring net profit was 19 million yuan, up 245.7% year-on-year [2]. - 1H25 gross margin improved by 5.6 percentage points to 52.7%, and net margin increased by 4.3 percentage points to 15.3% [2]. Product Performance - Revenue from optical fiber components reached 110 million yuan, a 207.4% increase year-on-year; special optical fibers generated 40 million yuan, down 20.9% year-on-year; new materials contributed 10 million yuan, up 10.8% year-on-year; while optical device equipment and others generated 10 million yuan, down 47.6% year-on-year [3]. Strategic Initiatives - The company is focusing on high-growth sectors such as new generation information technology, new materials, new energy vehicles, and biomanufacturing, with three main growth curves: 1. "Sensing" for optical fiber gyroscopes and underwater acoustic solutions 2. "Power Transmission" for optical fiber laser upstream solutions 3. "Next Generation Optical Communication and Thermal Management" for AI big data solutions [3]. Research and Development - 1H25 period expense ratio decreased by 3.2 percentage points to 32.1%, with sales expense ratio down 1.4 percentage points to 4.4%, and management expense ratio down 2.5 percentage points to 17.7%; R&D expense ratio increased slightly by 0.1 percentage points to 9.5% [4]. - As of Q2 2025, accounts receivable and notes totaled 460 million yuan, up 13.3% from the beginning of the year; prepaid expenses increased by 163.9% to 10 million yuan; inventory rose by 31.0% to 100 million yuan; and contract liabilities increased by 135.6% to 3 million yuan [4]. Investment Outlook - The company is recognized as a national-level specialized and innovative "little giant" enterprise, with a solid foundation for future expansion in big data, AI, and high bandwidth sectors. Projected net profits for 2025, 2026, and 2027 are 67 million yuan, 126 million yuan, and 200 million yuan, respectively, with corresponding PE ratios of 90x, 48x, and 30x [5].

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Insights - The company reported a significant increase in net profit by 91.8% year-on-year for the first half of 2025, with revenue reaching 192 million yuan, a 40.4% increase [1]. - The company is strategically expanding into high-growth sectors such as AI, big data, and new materials, with a focus on three growth curves: "sensing," "transmission," and "next-generation optical communication" [2]. - The company has improved its profitability, with a gross margin increase of 5.6 percentage points to 52.7% and a net margin increase of 4.3 percentage points to 15.3% in the first half of 2025 [1][3]. Financial Performance Summary - In the first half of 2025, the company achieved a revenue of 192 million yuan, with a year-on-year growth of 40.4% and a net profit of 29 million yuan, reflecting a 91.8% increase [1]. - The second quarter of 2025 saw a revenue of 127 million yuan, up 58.7% year-on-year, and a net profit of 21 million yuan, marking a 140.9% increase [1]. - The company’s revenue from optical fiber components surged by 207.4% year-on-year, while revenue from specialty optical fibers decreased by 20.9% [2]. - The company’s R&D expenses increased slightly to 9.5% of total revenue, while overall operating expenses decreased, leading to improved cash flow [3]. Future Earnings Forecast - The company is projected to achieve net profits of 67 million yuan, 126 million yuan, and 200 million yuan for the years 2025, 2026, and 2027, respectively [4][5]. - The expected price-to-earnings (PE) ratios for 2025, 2026, and 2027 are 90x, 48x, and 30x, respectively [4][5].

智通财经APP讯，长盈通(688143.SH)披露2025年半年度报告，报告期公司实现营收1.92亿元，同比增长 40.40%;归母净利润2911万元，同比增长91.82%;扣非净利润2573万元，同比增长202.96%;基本每股收益 0.24元。 ...