Core Viewpoint - The company reported strong financial performance in Q3 2025, with significant year-over-year growth in revenue and net profit, indicating robust operational momentum and a positive outlook for future performance [1][5]. Financial Performance - For Q3 2025, the company achieved revenue of 737 million yuan, a year-over-year increase of 44.01%, and a net profit attributable to shareholders of 125 million yuan, up 18.83% year-over-year [1]. - In Q3 2025 alone, revenue reached 277 million yuan, reflecting a year-over-year growth of 54.57%, with net profit at 42 million yuan, an increase of 48.84% year-over-year [1]. Order Growth and Market Demand - The company experienced excellent growth in new orders, with contract liabilities reaching 97 million yuan by the end of Q3 2025, a year-over-year increase of 46.97% [2]. - The growth in new orders is attributed to strong demand in various sectors, including electronics, semiconductors, lithium batteries, and automotive components, with all sectors showing year-over-year growth [2]. Strategic Acquisition - The company announced plans to acquire 66% of SSTI, a leading supplier of semiconductor testing and diagnostic equipment, with a profit commitment of no less than 62.7 million yuan from 2026 to 2028 [3]. - This acquisition is expected to enhance the company's presence in the high-end semiconductor testing equipment market and create synergies in market expansion [3]. Technological Advancements - The company has made significant progress in high-precision testing for the electronics and semiconductor sectors, particularly in multi-layer PCBs and solid-state batteries [4]. - The company’s X-ray intelligent detection equipment has undergone technological upgrades, improving defect detection accuracy and range, and is already providing solutions to well-known PCB manufacturers [4]. Investment Outlook - The company is strengthening its technological barriers and global expansion, which enhances its internal growth potential [5]. - The forecast for net profit from 2025 to 2027 is 180 million yuan, 320 million yuan, and 390 million yuan, representing year-over-year growth rates of 25.4%, 76.9%, and 21.1% respectively [5].

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 证券代码：688531 证券简称：日联科技 公告编号：2025-066 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 ...

Company Summary - The company, 日联科技, announced on November 3 that it has repurchased approximately 200,000 shares as of October 31, 2025, which represents 0.1181% of its total share capital of approximately 166 million shares [1] - The highest price for the repurchased shares was 60 RMB per share, while the lowest price was 45.94 RMB per share [1] - The total amount spent on the share repurchase was 10.0931 million RMB [1]

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 ...