财报体检工具显示： 建议关注公司现金流状况（货币资金/流动负债仅为89.96%） 证券之星价投圈财报分析工具显示： 业务评价：公司去年的ROIC为5.27%，资本回报率一般。去年的净利率为5.21%，算上全部成本后，公 司产品或服务的附加值一般。从历史年报数据统计来看，公司上市以来中位数ROIC为20.8%，投资回报 也很好，其中最惨年份2022年的ROIC为2.94%，投资回报一般。公司历史上的财报相对良好（注：公司 上市时间不满10年，上市时间越长财务均分参考意义越大。）。 商业模式：公司业绩主要依靠研发及营销驱动。需要仔细研究这类驱动力背后的实际情况。 据证券之星公开数据整理，近期智洋创新（688191）发布2025年中报。截至本报告期末，公司营业总收 入4.63亿元，同比上升6.55%，归母净利润1907.88万元，同比下降24.71%。按单季度数据看，第二季度 营业总收入3.26亿元，同比下降0.08%，第二季度归母净利润3019.8万元，同比上升8.43%。本报告期智 洋创新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1043.8%。 本次财报公布的各项数据指标表现一般。其中，毛利率 ...

Mergers and Acquisitions - Jia Yuan Technology plans to invest 500 million yuan to acquire a stake in Wuhan Endatong Technology Co., Ltd, with 150 million yuan for share transfer and 350 million yuan for capital increase, resulting in a 13.587% ownership stake [1] - SMIC is planning to issue A-shares to purchase minority stakes in its subsidiary, SMIC North, with stock suspension expected for no more than 10 trading days starting September 1, 2025 [2] - Aier Eye Hospital intends to acquire partial stakes in three medical institutions for 105 million yuan to enhance its "graded chain" development model [3] Performance Disclosure - China Railway reported a 5.93% decline in revenue to 511.09 billion yuan and a 17.17% decrease in net profit to 11.83 billion yuan for the first half of 2025 [4] - China Rare Earth achieved a net profit of 162 million yuan, reversing a loss of 244 million yuan from the previous year, with a 62.38% increase in revenue to 1.875 billion yuan [5] - Yunnan Baiyao's revenue grew by 3.92% to 21.257 billion yuan, with a net profit increase of 13.93% to 3.633 billion yuan [6] - China Shipbuilding reported a 11.96% increase in revenue to 40.325 billion yuan and a 108.59% rise in net profit to 2.946 billion yuan [7] - BeiGene turned a net loss of 2.88 billion yuan from the previous year into a profit of 450 million yuan, with a 46.03% increase in revenue to 17.52 billion yuan [8] Shareholding Changes - Kweichow Moutai's controlling shareholder plans to increase its stake by 3 to 3.3 billion yuan within six months, based on confidence in the company's long-term value [9] - Huasheng Tiancheng's director and supervisor plan to reduce their holdings by a total of up to 1% due to personal financial needs [10] - Zhejiang Wen Film's shareholder plans to reduce holdings by up to 0.43% for personal financial needs [11] - Chenxin Pharmaceutical's major shareholder plans to reduce holdings by up to 1% for funding requirements [12] Investment Activities - Yinglian Co. plans to invest 918 million yuan in a can lid manufacturing project, expected to generate over 2.158 billion yuan in annual revenue [13] - Zhiyang Innovation intends to invest 20 million yuan to establish a wholly-owned subsidiary to promote embodied intelligence technology innovation [14]

Company Announcements - SMIC plans to issue A-shares to acquire minority stakes in its subsidiary, SMIC North, leading to a temporary suspension of its stock trading for up to 10 trading days [1] - Huasheng Tiancheng's director and supervisor plan to reduce their holdings by up to 0.9984% of the total shares [2] - BYD reported a net profit of 15.51 billion yuan for the first half of the year, a year-on-year increase of 13.79% [2] - Changfei Fiber's net profit for the first half of the year was 296 million yuan, down 21.71% year-on-year [2] - Jia Yuan Technology plans to invest 500 million yuan to acquire part of the equity in Endatong, focusing on the optical module industry [1][17] - Guizhou Moutai completed the repurchase of 3.9276 million shares [1][19] Financial Performance - CEC reported a net profit of 24.641 billion yuan for the first half of the year, a decrease of 12% year-on-year [5] - Longjiang Power achieved a net profit of 13.056 billion yuan, up 14.86% year-on-year [8] - China Rare Earth reported a net profit of 162 million yuan, turning from a loss of 244 million yuan in the previous year [9] - Huayi Brothers' net profit increased by 48.34% to 2.028 billion yuan [6] - Wealth Trend's net profit grew by 6.61% year-on-year [24] Mergers and Acquisitions - Tailin Micro plans to acquire 100% of Panqi Micro's equity through a combination of cash and stock issuance [4] - Aishen Medical announced the acquisition of partial equity in three medical institutions for a total of 105 million yuan [18] Stock Movements - Guizhou Moutai's controlling shareholder plans to increase its stake by 3 to 3.3 billion yuan [15] - Ganfeng Lithium plans to invest 4 billion yuan to build a new lithium-ion battery manufacturing base [16] Market Developments - China National Offshore Oil Corporation won a bid for a project in Qatar worth approximately 4 billion USD [14] - Aishen Medical's acquisition of equity in medical institutions aims to enhance its service coverage and operational efficiency [18]

Group 1: Company Announcements - Guizhou Moutai completed a share buyback of 3.9276 million shares, accounting for 0.3127% of total share capital, with a total expenditure of 6 billion yuan [1] - SMIC plans to issue A-shares to acquire minority stakes in its subsidiary, with stock suspension starting from September 1, 2025, for up to 10 trading days [2] - China Shipbuilding Industry Corporation's stock will be delisted on September 5, 2025, with a conversion ratio of 1:0.1339 to China Shipbuilding's A-shares [3] - CNOOC Engineering won a bid for two segments of the "BH" project from Qatar Energy, with a contract value of approximately 4 billion USD [4] - Aerospace Hongtu signed a satellite and ground system procurement contract worth 990 million yuan with Client A [5] - Zhiyang Innovation plans to invest 20 million yuan to establish a wholly-owned subsidiary to promote embodied intelligence technology [6] - Jiayuan Technology intends to invest 500 million yuan to acquire a stake in Wuhan Endatong Technology, focusing on the optical module industry [7] Group 2: Financial Performance - Pizaihuang reported a net profit of 1.442 billion yuan for the first half of 2025, a decrease of 16.22% year-on-year, with revenue of 5.379 billion yuan, down 4.81% [8] - Sunwoda achieved a net profit of 207 million yuan in the first half of 2025, a significant increase of 1079.59% year-on-year, with revenue of 9.858 billion yuan, up 11.78% [9] - China Rare Earth turned a profit with a net profit of 162 million yuan in the first half of 2025, compared to a loss of 244 million yuan in the same period last year, with revenue of 1.875 billion yuan, up 62.38% [10] - China Shipbuilding reported a net profit of 2.946 billion yuan for the first half of 2025, an increase of 108.59% year-on-year, with revenue of 40.325 billion yuan, up 11.96% [11] - Guotou Zhonglu's net profit reached 25.08 million yuan in the first half of 2025, a year-on-year increase of 2149.03%, with revenue of 1.007 billion yuan, up 39.68% [12] - Jianfeng Group reported a net profit of 618 million yuan, a year-on-year increase of 1196.93%, with revenue of 1.299 billion yuan, down 4.42% [13] - Howey Group achieved a net profit of 2.028 billion yuan, up 48.34% year-on-year, with revenue of 13.956 billion yuan, up 15.42% [14] - Haili Co. reported a net profit of 33.35 million yuan, a year-on-year increase of 694%, with revenue of 12.426 billion yuan, up 13.16% [15] - Huaxia Airlines achieved a net profit of 251 million yuan, a year-on-year increase of 859%, with revenue of 3.610 billion yuan, up 12.41% [16] - BeiGene reported a net profit of 450 million yuan for the first half of 2025, with revenue of 17.518 billion yuan, up 46.03% [17] - China Merchants Bank reported a net profit of 74.93 billion yuan, a year-on-year increase of 0.25%, with net operating income of 169.923 billion yuan, down 1.73% [18] - Agricultural Bank of China reported a net profit of 139.51 billion yuan, a year-on-year increase of 2.7%, with revenue of 369.793 billion yuan, up 0.7% [19] - Bank of China reported a net profit of 117.591 billion yuan, with revenue of 329.418 billion yuan, up from 317.929 billion yuan in the previous year [20] - Industrial and Commercial Bank of China reported a net profit of 168.103 billion yuan, with revenue of 409.082 billion yuan, up from 401.999 billion yuan in the previous year [21] - Bank of Communications reported a net profit of 46.016 billion yuan, a year-on-year increase of 1.61%, with net operating income of 133.498 billion yuan, up 0.72% [22] - China Construction Bank reported a net profit of 162.076 billion yuan, a year-on-year decrease of 1.37%, with operating income of 385.905 billion yuan, up 2.95% [23]

证券代码：688191 证券简称：智洋创新 公告编号：2025-046 智洋创新科技股份有限公司 关于自愿披露对外投资设立全资子公司的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 投资标的名称：深圳市智洋灵动科技有限公司（简称"智洋灵动"）。 投资金额：智洋创新科技股份有限公司（以下简称"公司"）以自有资 金 2,000 万元人民币，投资设立全资子公司智洋灵动。 本次对外投资不构成关联交易，亦不构成《上市公司重大资产重组管理 办法》、《科创板上市公司重大资产重组特别规定》规定的重大资产重组。 风险提示：本次设立全资子公司是基于公司的整体战略发展规划的布局， 智洋灵动在经营过程中可能面临宏观经济及行业政策变化、行业供需及市场竞争、 经营不达预期等不确定因素的影响，存在一定的经营或投资风险等。 一、对外投资概述 根据《上海证券交易所科创板股票上市规则》、《智洋创新科技股份有限公 司公司章程》、《对外投资管理办法》等有关规定，本次对外投资事宜属于公司 总经理审批权限范围之内，无需提交公司董事会、股东大会进 ...

每经AI快讯，8月29日，智洋创新(688191.SH)公告称，公司以自有资金2000万元人民币在广东省深圳市 投资设立全资子公司深圳市智洋灵动科技有限公司。此次投资旨在推动具身智能技术创新与产品迭代升 级，深化无人机及其他智能终端产品的研发和市场布局。公司将持续加强具身智能系统、机器人感知与 决策、无人机飞行控制与智能化等核心技术的自主研发能力。 ...

格隆汇8月28日丨智洋创新(688191.SH)公布半年度报告，报告期内，公司实现营业收入46,256.97万元， 同比增长6.55%。营业利润2,323.78万元，同比减少13.37%；利润总额2,300.93万元，同比减少14.50%； 归属于母公司所有者的净利润1,907.88万元，同比减少24.71%；归属于母公司所有者的扣除非经常性损 益的净利润1,072.73万元，同比减少49.11%。总资产148,714.76万元，较上年末减少2.26%；归属于母公 司的所有者权益84,498.34万元，较上年末减少4.71%。 ...

每经AI快讯，智洋创新（SH 688191，收盘价：25.64元）8月28日晚间发布公告称，公司第四届第十五 次董事会会议于2025年8月28日在公司会议室以现场及通讯方式召开。会议审议了《关于 <公司2025年 半年度报告及其摘要> 的议案》等文件。 2024年1至12月份，智洋创新的营业收入构成为：电力行业占比82.57%，轨道交通行业占比9.58%，水 利行业占比7.49%，其他业务占比0.26%，其他行业占比0.1%。 截至发稿，智洋创新市值为59亿元。 每经头条（nbdtoutiao）——世界首例基因编辑猪肺成功移植人体 对话主要参与者：距离临床应用还有 多远？ （记者 王晓波） ...

证券代码：688191 证券简称：智洋创新 公告编号：2025-044 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第三次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 9 月 15 日 15 点 00 分 智洋创新科技股份有限公司 关于召开2025年第三次临时股东大会的通知 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所科创板上市公司自律监管指引第 1 号 — 规范运作》 等有关规定执行。 （七） 涉及公开征集 ...

证券代码：688191 证券简称：智洋创新 公告编号：2025-040 4、本次监事会会议的召集召开符合有关法律、行政法规、部门规章、规范 性文件及《公司章程》的规定。 二、监事会会议审议情况 经与会监事投票表决，审议通过了如下决议： 智洋创新科技股份有限公司 第四届监事会第十二次会议决议公告 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 1、智洋创新科技股份有限公司（以下简称"公司"）第四届监事会第十二次 会议已于 2025 年 8 月 18 日以书面、邮件等方式向全体监事发出会议通知。 2、会议于 2025 年 8 月 28 日下午 2 点在公司会议室以现场方式召开。本次 会议应出席监事 3 名，实际出席监事 3 名。所有监事均以现场方式参加。 3、会议由监事会主席徐传伦先生主持，公司董事会秘书、财务总监列席本 次监事会会议。 于 2025 年半年度计提资产减值准备的公告》（公告编号：2025-043）。 表决结果：3 票同意，0 票反对，0 票弃权。 3. 审议通过《关于取消监事会及修订<公 ...