2025 年 08 月 03 日 看好工业 X 射线检测，关注可降解餐饮具 中小盘研究团队 ——中小盘周报 | 周佳（分析师） | 张越（分析师） | 赵晨旭（联系人） | | --- | --- | --- | | zhoujia@kysec.cn | zhangyue1@kysec.cn | zhaochenxu@kysec.cn | | 证书编号：S0790523070004 | 证书编号：S0790524090003 | 证书编号：S0790124120019 | 本周观点：X 射线检测持续高景气，国内龙头借助并购进军全球检测龙头 下游需求持续高景气，工业 X 射线检测迎来结构性增长机遇。随着电子半导体 需求旺盛（PCB 制程检测等泛 AI 需求快速增长）、锂电需求修复（宁德时代带 动锂电行业资本开支逐渐恢复正增长），工业 X 射线检测市场需求持续提升。 日联科技新签订单持续高增长，"内生+外延"打造全球工业检测平台型龙头。 随着下游应用领域需求的持续增长以及公司产品力、品牌力、渠道力等核心能力 的持续增强，公司 2025 年上半年新签订单增长近一倍。展望未来，在下游需求 增长、海外市场拓展与高端设备 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 截至2025年7月31日，公司已累计回购股份108,455股，占公司总股本165,593,939股的比例为0.0655%， 回购成交的最高价为46.29元/股，最低价为45.94元/股，支付的资金总额为人民币500.00万元（不含交易 费用）。 本次回购股份符合法律法规的规定及公司回购股份方案。 三、其他事项 ■ 一、回购股份的基本情况 2025年6月23日，日联科技集团股份有限公司（以下简称"公司"）召开第四届董事会第十三次会议，审 议通过了《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司以集中竞价交易方式回购公 司股份，回购资金总额不低于人民币1,000万元（含），不超过人民币2,000万元（含），回购价格不超 过人民币101.87元/股，回购期限为自董事会审议通过最终股份回购方案之日起不超过12个月。具体内 容详见公司于2025年6月24日、2025年7月1日在上海证券交易所网站（www.sse.com.cn） ...

登录新浪财经APP 搜索【信披】查看更多考评等级 一、回购股份的基本情况 证券代码：688531 证券简称：日联科技 公告编号：2025-050 日联科技集团股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ■ 2025年6月23日，日联科技集团股份有限公司（以下简称"公司"）召开第四届董事会第十三次会议，审 议通过了《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司以集中竞价交易方式回购公 司股份，回购资金总额不低于人民币1,000万元（含），不超过人民币2,000万元（含），回购价格不超 过人民币101.87元/股，回购期限为自董事会审议通过最终股份回购方案之日起不超过12个月。具体内 容详见公司于2025年6月24日、2025年7月1日在上海证券交易所网站（www.sse.com.cn）披露的《关于 以集中竞价交易方式回购股份方案的公告》（公告编号：2025-037）、《关于以集中竞价交易方式回购 公司股份的回购报告书》（公告编号：20 ...

证券代码：688531 证券简称：日联科技 公告编号：2025-050 上限由不超过人民币 101.87 元/股（含）调整为不超过人民币 70.03 元/股（含）。 具体内容详见公司于 2025 年 7 月 10 日在上海证券交易所网站（www.sse.com.cn） 披露的《关于 2024 年度权益分派实施后调整回购股份价格上限的公告》（公告编 号：2025-048）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》的相关规定，公司在回购股份期间，应当在每个月的前 3 个交 易日内公告截至上月末的回购进展情况。现将公司回购进展情况公告如下： 日联科技集团股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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、准确性和完整性依法承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/6/24 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购 ...

Core Viewpoint - The company aims to establish itself as a leader in the detection technology sector through a strategic approach of "vertical deepening and horizontal collaboration" [2][3]. Group 1: Strategic Development - 2025 is identified as a pivotal year for the company, marked by acquisitions and the establishment of production bases, including the acquisition of Zhuhai Jiuyuan and the launch of a Chongqing industrial base [3]. - The company has five major business segments, with X-ray intelligent detection equipment for integrated circuits and electronic manufacturing generating revenue of 332 million yuan in 2024, representing a growth rate of 40.75% and accounting for 44.94% of total revenue [4]. - The new energy battery detection segment has shown significant potential, with order volumes doubling year-on-year since 2025 [4]. Group 2: Technological Foundations - The company has developed a "golden triangle" of support for its business segments, which includes self-developed X-ray source technology, continuous adaptation of equipment to market changes, and the integration of artificial intelligence [4][5]. - The company is recognized as the only Chinese enterprise to achieve comprehensive self-research and full coverage of X-ray source technology, leading the domestic market [5][6]. Group 3: Global Expansion - The company has established overseas factories in Malaysia, Hungary, and the United States, forming a "3+3" linkage with domestic bases in Wuxi, Shenzhen, and Chongqing [7][8][9]. - The Malaysian factory serves the Southeast Asian market, while the Hungarian factory focuses on the European market, leveraging local industry clusters and talent [7][8]. Group 4: Mergers and Acquisitions Strategy - The company has initiated a strategic acquisition plan, including a recent investment in Zhuhai Jiuyuan to enhance its industrial detection capabilities [9][10]. - The acquisition strategy is focused on technological synergy and market complementarity, with a clear logic guiding the selection of targets [10].

AI and Market Trends - AI applications are entering a rapid growth phase, supported by mature infrastructure and decreasing costs of large model calls, enhancing commercial potential[3] - China possesses significant data reserves and a broad demand scale, providing a competitive advantage for AI development[3] Market Performance - The A-share market experienced a general rise, with the Shanghai Composite Index up by 1.67% and the Shenzhen Component Index up by 2.33% during the week[15] - Mid-cap indices such as the CSI 500 and CSI 1000 outperformed large-cap indices, with increases of 3.28% and 2.38% respectively[17] Dietary Supplements Industry - The global dietary supplement market is projected to reach $223 billion by 2026, driven by population growth and increasing health awareness[5] - HMB, a key nutrient for muscle health, is expected to see global production reach 3,572 tons by 2030, indicating strong market potential[5] Investment Recommendations - Recommended stocks include Toris (拓尔思), which has a robust open-source intelligence data resource, and Songlin Technology (松霖科技), focusing on health robots[3] - Other notable mentions are Rongxin Culture (荣信文化), which is expanding into AI+ education scenarios[3] Corporate Actions - This week, two companies listed on the A-share market, with C Shanda and C Jiyuan seeing first-day gains of 356% and 274% respectively[33] - There were six new public offerings announced, with an average discount rate of 18.9% and an average return of 40.7% on recent fundraising projects[34][40]

Core Viewpoint - The interview with the Secretary of the Board of Directors of Ruilian Technology highlights the company's leadership in industrial X-ray intelligent detection equipment and its commitment to innovation and AI integration in its operations [3][12]. Company Overview - Ruilian Technology, established in 2009, specializes in the research, production, and sales of industrial X-ray intelligent detection equipment and core components, with applications in integrated circuits, electronic manufacturing, and new energy batteries [3]. - The company was successfully listed on the Sci-Tech Innovation Board in March 2023, with the stock code 688531 [3]. - Ruilian Technology is recognized as a national key "little giant" enterprise, having achieved mass production of self-developed "micro-focus X-ray sources," breaking foreign monopolies and filling domestic gaps [3]. Financial Performance - In 2024, the company achieved operating revenue of 739.50 million yuan, a year-on-year increase of 25.89% [4]. - The net profit attributable to shareholders of the parent company was 143.30 million yuan, up 25.44% year-on-year [4]. - The net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 96.17 million yuan, reflecting a significant year-on-year growth of 56.82% [4]. AI Integration and Applications - Ruilian Technology has established an AI-driven framework for its operations, focusing on data, algorithms, and computing power to enhance its X-ray detection capabilities [6][10]. - The company has successfully implemented AI applications in various sectors, including integrated circuit detection and new energy battery inspection, achieving high precision and speed in defect identification [8][9]. - An example of AI application includes a solution for a major automotive client, where the AI system achieved a 99.9% accuracy rate in detecting internal defects in large castings, significantly improving efficiency by over 20 times [9]. Competitive Advantage and Industry Impact - AI is expected to reshape the competitive landscape of the X-ray detection equipment industry by enhancing detection accuracy and efficiency, expanding application scenarios, and reducing production costs [10][11]. - Ruilian Technology has built a comprehensive AI intelligence system that maintains its leading position in the industrial X-ray AI intelligent detection technology field [11]. - The company invested 81.52 million yuan in R&D in 2024, accounting for 11.02% of its operating revenue, and registered 97 new IPs during the reporting period [11]. Governance and Ethical Standards - Ruilian Technology emphasizes the importance of technology ethics and data security, ensuring compliance with relevant laws and regulations while protecting customer privacy [12]. - The company has established strict information security management protocols and conducts regular training for employees to enhance awareness of information security [12].

Group 1 - The company announced a share repurchase plan with a total expected amount between RMB 10 million and RMB 20 million [1] - The repurchase period is set from June 23, 2025, to June 22, 2026 [1] - The repurchased shares will be used for employee stock ownership plans or equity incentives [1] Group 2 - The company has repurchased a total of 108,455 shares, accounting for 0.0655% of the total share capital [2] - The total amount spent on the repurchase so far is RMB 5 million, with a price range of RMB 45.94 to RMB 46.29 per share [2] - The upper limit for the repurchase price was adjusted from RMB 101.87 to RMB 70.03 per share due to the implementation of the 2024 equity distribution [2]

证券代码：688531 证券简称：日联科技 公告编号：2025-049 日联科技集团股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 2025 年 7 月 24 日，公司通过上海证券交易所交易系统以集中竞价交易方式首 次回购公司股份 108,455 股，占公司总股本 165,593,939 股的比例为 0.0655%，回 购成交的最高价为 46.29 元/股，最低价为 45.94 元/股，支付的资金总额为人民币 500.00 万元（不含交易费用）。 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： | 回购方案首次披露日 | 2025/6/24 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2025 6 6 | 23 | 日~2026 | 年 | 月 | 22 | 日 | | 预计回购金额 | 1,000万元~2,000万元 | | | | | | | | 回购用途 | □减少注册资本 ...

Group 1 - Dayun Technology's stock price fell by 2.24% to 45.82 yuan as of the close on July 23, 2023 [1] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 31, 2023, with an initial public offering of 19.85 million shares at a price of 152.38 yuan per share [1] - On its first trading day, Dayun Technology reached a peak price of 241.11 yuan, which remains its highest price since listing [1] Group 2 - The total funds raised from the IPO amounted to 302.50 million yuan, with a net amount of 273.08 million yuan, exceeding the original plan by 213.08 million yuan [1] - The company planned to use the raised funds for X-ray source industrialization, construction of an X-ray detection equipment production base in Chongqing, R&D center construction, and to supplement working capital [1] - The total issuance costs for the IPO were 29.42 million yuan (excluding tax), with underwriting fees accounting for 26.18 million yuan [1] Group 3 - On April 11, 2025, Guotai Haitong Securities Co., Ltd. held a restructuring and renaming ceremony at the Shanghai Stock Exchange, changing its A-share name from "Guotai Junan" to "Guotai Haitong" while retaining the A-share code "601211" [2] - Dayun Technology announced a dividend plan on May 31, 2024, proposing a stock bonus of 4.5 shares for every 10 shares held and a pre-tax dividend of 8 yuan [2] - On July 4, 2025, Dayun Technology released another dividend plan, offering a stock bonus of 4.5 shares for every 10 shares held and a pre-tax dividend of 6 yuan [3]