Core Viewpoint - Relying on external acquisitions, the company aims to enhance its competitiveness and achieve strategic growth through the acquisition of SSTI, a semiconductor testing and inspection equipment supplier [1][2][3] Group 1: Acquisition Details - The company plans to acquire 66% of SSTI for approximately 2.69 billion RMB, using its own funds [2] - SSTI is expected to contribute to the company's revenue and profit, with a commitment of an average after-tax profit of no less than 1.14 million SGD for the years 2026 to 2028 [2] Group 2: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 737 million RMB, a year-on-year increase of 44.01%, and a net profit of 125 million RMB, up 18.83% [4] - The company's gross profit margin for the same period was 44.23%, an increase of 0.55 percentage points from 43.68% in 2024 [4] - The net cash flow from operating activities reached 90.54 million RMB, a significant increase of 822.96% compared to the same period in 2024 [4] Group 3: Strategic Focus - The company is committed to a dual strategy of "horizontal expansion and vertical deepening," focusing on core technology and actively seeking strategic acquisitions [4][5] - The company aims to become an "international first-class industrial testing platform enterprise," empowering global high-end manufacturing [4] Group 4: Research and Development - In the first three quarters of 2025, the company invested 86.26 million RMB in R&D, a year-on-year increase of 43.94%, representing 11.70% of its revenue [6] - The company has accelerated its globalization process, with overseas revenue reaching 47.42 million RMB, a year-on-year increase of 82.82%, marking the first time overseas revenue exceeded 10% of total revenue [6]

Core Insights - Dayun Technology Group Co., Ltd. reported strong financial performance for the first three quarters of 2025, with revenue of 737 million yuan, a year-on-year increase of 44.01%, and a net profit attributable to shareholders of 125 million yuan, up 18.83% [1] - The company maintained a high gross margin, with figures of 43.68% for 2024, 44.12% for the first half of 2025, and 44.23% for the first three quarters of 2025 [1] - Dayun Technology's new order signing has seen significant growth, nearly doubling in the first half of 2025, with continued strong performance in various downstream sectors [2] Financial Performance - For Q3 2025, Dayun Technology achieved revenue of 277 million yuan, a year-on-year increase of 54.57%, and a net profit of 42.02 million yuan, up 48.84% [1] - The net profit after deducting non-recurring items for Q3 2025 was 36.23 million yuan, reflecting a substantial growth of 126.09% [1] - The net cash flow from operating activities reached 90.54 million yuan, marking an impressive year-on-year increase of 822.96% [1] Business Development - Dayun Technology has enhanced its hardware capabilities, particularly in X-ray source technology, and has successfully broken the foreign monopoly on nano-level open-tube X-ray detection equipment [2] - The company has integrated AI elements into its software, establishing a comprehensive AI vertical model that supports both technology development and industrial application [2] - The company has made significant strides in mergers and acquisitions, including a recent announcement to acquire 66% of SCPL Semiconductor Test & Inspection Pte. Ltd. for approximately 269 million yuan [3]

Core Insights - The company reported a significant increase in revenue and profit for the first three quarters of 2025, with total revenue reaching 737 million yuan, a year-on-year growth of 44.01%, and a net profit attributable to shareholders of 125 million yuan, up 18.83% [1] - The company's gross margin has shown a steady upward trend, with gross margins of 43.68% in 2024, 44.12% in the first half of 2025, and 44.23% in the first three quarters of 2025 [1] - The company has made substantial advancements in both hardware and software sectors, particularly in X-ray source technology and AI integration for industrial applications [2] Financial Performance - For Q3 2025, the company achieved revenue of 277 million yuan, reflecting a year-on-year increase of 54.57%, and a net profit of 42 million yuan, up 48.84% [1] - The company's cash flow from operating activities improved significantly, with a net cash flow of 90.54 million yuan for the first three quarters [1] Business Development - The company has successfully expanded its product offerings in the X-ray detection equipment market, breaking the previous foreign monopoly with the launch of its nano-level X-ray detection equipment [2] - New order growth has been robust, with nearly doubling of new orders in the first half of 2025 and continued high growth in the third quarter [2] - The company is pursuing a strategic approach of horizontal expansion and vertical deepening, recently announcing the acquisition of 66% of SCPL SEMICONDUCTOR TEST & INSPECTION PTE. LTD. for approximately 26.895 million yuan [3] Market Position - The company remains among a select group of firms in the A-share market that have achieved over 20% revenue growth for five consecutive years from 2020 to 2024, with only 31 companies achieving a compound annual growth rate of over 30% in both revenue and net profit [3]

Core Viewpoint - Japan Union Technology (688531.SH) reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong business performance and growth potential [1] Financial Performance - The company achieved a total operating revenue of 737 million yuan, representing a year-on-year growth of 44.01% [1] - The net profit attributable to shareholders reached 125 million yuan, reflecting an 18.83% increase compared to the previous year [1] - Basic earnings per share were reported at 0.75 yuan [1]

Group 1 - Company reported Q3 performance with revenue of approximately 737 million yuan, a year-on-year increase of 44.01% [1] - Net profit attributable to shareholders was about 125 million yuan, reflecting a year-on-year increase of 18.83% [1] - Basic earnings per share reached 0.75 yuan, up 19.05% year-on-year [1] Group 2 - As of the report, the market capitalization of the company is 11.9 billion yuan [2]

Core Viewpoint - The acquisition of 66% stake in SSTI by the company’s wholly-owned subsidiary in Singapore is a strategic move to enhance its position in the high-end semiconductor testing equipment sector, integrating technologies and expanding market reach [1][2]. Group 1: Acquisition Details - The company plans to use its own funds amounting to 4,890 million Singapore dollars (approximately 268.95 million RMB) for the acquisition [1]. - Upon completion of the transaction, the company will hold a 66% stake in SSTI, which will become a controlled subsidiary and included in the company’s consolidated financial statements [1]. Group 2: Target Company Overview - SSTI is a leading supplier of semiconductor testing, diagnostics, and failure analysis equipment, headquartered in Singapore [1]. - The target company possesses over 30 years of experience in the research and development of semiconductor testing and diagnostic equipment, with a strong technological advantage [1]. - SSTI has developed and commercialized several industry-leading technologies, including core products such as Photon Emission Microscopes (PEM), Laser Timing Probes (LTP), Scanning Optical Microscopes (SOM), and Thermal Microscopes (THM) [1]. Group 3: Strategic Implications - This acquisition aligns with the company's strategy of "horizontal expansion and vertical deepening," allowing for the integration of technologies, products, and markets [2]. - The move is expected to create synergies with the company’s existing semiconductor X-ray detection business, enhancing its technical capabilities and business scope in the industrial testing sector [2]. - The acquisition supports the company's vision of becoming a platform enterprise in industrial testing, consistent with its long-term strategic planning [2].

证券代码：688531 证券简称：日联科技 公告编号：2025-065 日联科技集团股份有限公司 关于全资子公司收购境外公司控制权的公告 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： 日联科技集团股份有限公司（以下简称"日联科技"或"公司"）全资 子公司RAY TECH SINGAPORE PTE. LTD（中文名：瑞泰（新加坡）私人有限 公司，以下简称"新加坡瑞泰"）拟使用自有资金4,890万元新币（折合约人民 币 26,895 万 元 ， 最 终 交 易 金 额 以 实 际 交 割 时 汇 率 为 准 ） 收 购 SCPL SEMICONDUCTOR TEST & INSPECTION PTE. LTD.（以下简称"SSTI"或 "目标公司"）66%股权。本次交易完成后，公司持有SSTI股权比例为66%， SSTI将成为公司控股孙公司，纳入公司合并报表范围内。 目标公司全体现有股东已获悉本次交易的相关情况，现有股东承诺放弃 优先认购权。 基于 SSTI 所处行业的发展前景及其近年来的经营情况、业务发展 ...

国泰海通证券股份有限公司 关于日联科技集团股份有限公司 使用自有资金支付募投项目部分款项并以募集资金等额置 换的核查意见 三、使用自有资金支付募投项目部分款项并以募集资金等额置换的原因 国泰海通证券股份有限公司(以下简称"国泰海通"或"保荐机构")作为目联 科技集团股份有限公司(以下简称"日联科技"或"公司")首次公开发行股票并在 科创板上市持续督导阶段的保荐机构,根据《中华人民共和国公司法》《证券发 行上市保荐业务管理办法》《上市公司募集资金监管规则》《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,对日联科技使用 自有资金支付募投项目部分款项并以募集资金等额置换事项进行了核查,具体情 况如下: 一、募集资金的基本情况 经中国证券监督管理委员会于 2023年2月21日出具的《关于同意无锡日联 科技股份有限公司首次公开发行股票注册的批复》（证监许可[2023]366 号）， 公司向社会公开发行人民币普通股(A 股)1,985.1367万股,发行价格 152.38元 /股,募集资金总额为人民币 302,495.13 万元,扣除各项发行费用后的实际募集 资金净额为人民币 273,07 ...

SCPL Semiconductor Test &Inspection Pte. Ltd. 主要会计政策与中国会计准则差异情况表 鉴证报告 | 录 | | --- | | 目 | 二、注册会计师的责任 我们的责任是在执行鉴证工作的基础上对差异情况表得出结论，并按照我们 与日联科技公司签订的业务约定条款向日联科技公司报告我们的结论，除此之外 并无其他目的。我们不会就本报告的内容向任何其他方承担责任或义务。 我们根据《中国注册会计师其他鉴证业务准则第 3101 号一历史财务信息审 计或审阅以外的鉴证业务》的规定执行了鉴证工作。该准则要求我们遵守职业道 第 1 页 共 21 页 | 一、鉴证报告……………………………………………………………第 | 1—2 页 | | --- | --- | | 二、差异情况说明…………………………………………………………第 | 3 页 | | 三、差异情况表…………………………………………………………第 | 4-17 页 | | 四、附件………………………………………………………………第 | 18-21 页 | | (一)本所营业执照复印件………………………………………… | 第 ...

Core Insights - The company, through its wholly-owned subsidiary in Singapore, plans to acquire 66% of SSTI for approximately 26.895 million RMB, which will make SSTI a controlled subsidiary and included in the company's consolidated financial statements [1][2] Group 1: Acquisition Details - The acquisition amount is 4.89 million Singapore dollars, equivalent to about 26.895 million RMB, with the final transaction amount subject to exchange rate fluctuations at the time of delivery [1] - Post-acquisition, the company will hold a 66% stake in SSTI, which is a leading supplier of semiconductor testing, diagnostics, and failure analysis equipment [1] Group 2: Target Company Overview - SSTI has over 30 years of experience in the R&D of semiconductor testing and diagnostic equipment and possesses advanced design and manufacturing technologies [1] - The company has developed several industry-leading technologies and products, including Photon Emission Microscopy (PEM), Laser Time-of-Flight Probing (LTP), Scanning Optical Microscopy (SOM), and Thermal Microscopy (THM) [1] - SSTI's customer base includes many well-known domestic and international chip design, wafer manufacturing, and packaging testing companies, with nearly half of the top 20 global semiconductor manufacturers as clients [1] Group 3: Strategic Implications - This acquisition aligns with the company's strategy of horizontal expansion and vertical deepening, enhancing its business layout in the high-end semiconductor testing equipment sector [2] - The integration of technologies, products, and markets from both companies is expected to create synergies, complementing the existing semiconductor X-ray detection business [2] - The move is aimed at expanding the company's technical capabilities and business boundaries in the industrial testing field, supporting its vision of becoming a platform enterprise in industrial testing [2]