Core Insights - The company showcased its advanced "wire saw equipment + diamond wire" cutting solutions at the Marmo+Mac exhibition, highlighting China's high-end equipment manufacturing capabilities and attracting interest from over 20 countries [1] - The company reported a significant improvement in financial performance, with Q2 2025 revenue reaching 766 million yuan, an 11.63% increase quarter-on-quarter, and a net profit of -14 million yuan, an 80.56% improvement, indicating a potential turning point in performance [1] Business Overview - The company has established a comprehensive business model covering the entire photovoltaic cutting chain, integrating "equipment + consumables + processing" [2] - In H1 2025, the company expanded its cold-drawn tungsten wire production capacity, achieving a diamond wire sales volume of approximately 30.3 million kilometers, with tungsten wire accounting for about 77.29% [2] - The company's silicon wafer processing business is experiencing steady growth, with a production output of approximately 26 GW in H1 2025, positioning it among the top five in the industry and increasing its market penetration to 8.23% [2] Strategic Initiatives - The company is actively developing core components and processing equipment for humanoid robots, leveraging its expertise in high-precision grinding equipment [2] - The company has successfully introduced composite metal tendons suitable for humanoid robot applications, which are currently in trial use by several robotics companies, resulting in small batch orders [2][3] - The company is collaborating with clients to customize the development of reducers and other products for humanoid robots [3] Investment Outlook - The company is projected to achieve net profits of 13 million yuan, 135 million yuan, and 246 million yuan in 2025, 2026, and 2027 respectively, indicating a turnaround and significant growth [3] - Corresponding EPS estimates are 0.02 yuan, 0.16 yuan, and 0.30 yuan for the same years, maintaining a "buy" rating for the company [3]

Core Viewpoint - The stock of Gaoce Co., Ltd. has experienced fluctuations, with a recent decline of 2.14% on September 25, 2023, reflecting a total market value of 8.748 billion yuan and a year-to-date increase of 34.02% [1] Company Overview - Gaoce Co., Ltd. is located in Qingdao, Shandong Province, established on October 20, 2006, and listed on August 7, 2020. The company specializes in the research, production, and sales of cutting equipment and consumables for hard and brittle materials [2] - The main business revenue composition includes: silicon wafer and cutting processing services (48.98%), photovoltaic cutting consumables (23.42%), other cutting equipment and consumables (9.14%), waste income (8.91%), photovoltaic cutting equipment (7.45%), services and others (2.08%), and rental income (0.02%) [2] - Gaoce Co., Ltd. belongs to the Shenwan industry category of electric power equipment - photovoltaic equipment - photovoltaic processing equipment, and is associated with concepts such as diamond, small-cap, agile hands, robotics, and humanoid robots [2] Financial Performance - As of June 30, 2025, Gaoce Co., Ltd. reported a revenue of 1.451 billion yuan, a year-on-year decrease of 45.16%, and a net profit attributable to shareholders of -88.5517 million yuan, a year-on-year decrease of 132.47% [2] - The company has cumulatively distributed 925 million yuan in dividends since its A-share listing, with 878 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders of Gaoce Co., Ltd. reached 20,200, an increase of 5.23% from the previous period, with an average of 37,917 circulating shares per person, an increase of 33.04% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranks as the eighth largest shareholder with 7.5501 million shares, an increase of 3.8939 million shares from the previous period [3]

Core Insights - The company has successfully transitioned from detection equipment to the photovoltaic industry and is now venturing into humanoid robotics, showcasing its innovative technology logic and strategic layout [1] Group 1 - The company is recognized for its ability to continuously innovate and rapidly capture market share [1] - The interview with the general manager, Zhang Xiutao, highlights the core growth capabilities of the company [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688556 证券简称：高测股份公告编号：2025-071 青岛高测科技股份有限公司 关于召开2025年半年度业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025年09月29日(星期一) 9:00-10:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2025年09月22日(星期一) 至2025年09月26日(星期五)16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱（zq@gaoce.cc）进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 青岛高测科技股份有限公司（以下简称"公司"）已于2025年08月29日发布公司《2025年半年度报告》， 为便于广大投资者更全面深入地了解公司2025年半年度经营成果、财务状况，公司计划于2025年09月29 日（星期一）9:00- ...

关于召开 2025 年半年度业绩说明会的公告 证券代码：688556 证券简称：高测股份 公告编号：2025-071 青岛高测科技股份有限公司 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、准确性和完整性承担法律责任。 重要内容提示： 会 议 召 开 时 间 ： 2025 年 09 月 29 日 ( 星 期 一 ) 9:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会 议 召 开 方 式 ： 上 证 路 演 中 心 网 络 互 动 投资者可于 2025 年 09 月 22 日(星期一) 至 2025 年 09 月 26 日(星期 五)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公 司邮箱（zq@gaoce.cc）进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流 ...

Core Viewpoint - Gaoce Co., Ltd. has experienced fluctuations in stock price and trading volume, with a notable increase in stock price year-to-date, but a significant decline in revenue and profit for the first half of 2025 [1][2]. Financial Performance - As of June 30, 2025, Gaoce Co., Ltd. reported a revenue of 1.451 billion yuan, a year-on-year decrease of 45.16%, and a net profit attributable to shareholders of -88.55 million yuan, a year-on-year decrease of 132.47% [2]. - The company's stock price has increased by 48.40% year-to-date, with a recent 6.10% increase over the last five trading days, but a 5.13% decline over the last 20 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Gaoce Co., Ltd. was 20,200, an increase of 5.23% from the previous period, with an average of 37,917 circulating shares per person, up 33.04% [2]. - The company has distributed a total of 925 million yuan in dividends since its A-share listing, with 878 million yuan distributed over the last three years [3]. Business Overview - Gaoce Co., Ltd. specializes in the research, production, and sales of cutting equipment and consumables for hard and brittle materials, with its main business revenue composition being: silicon wafer and cutting processing services (48.98%), photovoltaic cutting consumables (23.42%), and other categories [2]. - The company operates within the electric equipment industry, specifically in photovoltaic equipment and processing [2].

Market Overview - On September 16, the photovoltaic equipment sector rose by 0.76%, with Aerospace Electromechanical leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Stock Performance - Notable gainers in the photovoltaic equipment sector included: - Aerospace Electromechanical (600151) with a closing price of 8.71, up 9.97% on a trading volume of 639,200 shares and a turnover of 541 million yuan [1] - High Measurement Co. (688556) closed at 11.94, up 6.04% with a trading volume of 748,200 shares and a turnover of 884 million yuan [1] - GCL-Poly Energy (002506) closed at 2.82, up 5.62% with a trading volume of 5,158,000 shares and a turnover of 1.473 billion yuan [1] Fund Flow Analysis - The photovoltaic equipment sector experienced a net outflow of 1.131 billion yuan from institutional investors, while retail investors saw a net inflow of 1.076 billion yuan [2] - The main fund flows for selected stocks included: - Sunshine Power (300274) with a net inflow of 558 million yuan from institutional investors [3] - GCL-Poly Energy (002506) had a net inflow of 232 million yuan from institutional investors [3] - Aerospace Electromechanical (600151) saw a net inflow of 176 million yuan from institutional investors [3]

Group 1 - The stock price of Gaoce Co., Ltd. (688556) closed at 11.12 yuan on September 12, 2025, with an increase of 1.18% and a turnover rate of 4.17% [1] - The main capital inflow on September 12 was 64.36 million yuan, accounting for 10.82% of the total transaction amount [1][4] - Retail investors had a net outflow of 69.96 million yuan, representing 11.76% of the total transaction amount [1] Group 2 - China Chengxin International Credit Rating Co., Ltd. announced the termination of the credit rating for Gaoce Co., Ltd. and its related debt instruments due to the redemption of "Gaoce Convertible Bonds" [1][4] - The "Gaoce Convertible Bonds" were fully redeemed and delisted as of September 9, 2025, with a remaining balance of 2 million yuan, which is 0.41% of the total issuance [1]

Group 1 - The stock price of Gaoce Co., Ltd. (688556) closed at 10.99 yuan on September 11, 2025, with an increase of 4.57% and a turnover rate of 6.12% [1] - The trading volume on September 11 was 508,300 hands, with a total transaction amount of 555 million yuan [1] - On the same day, the net inflow of main funds was 33.138 million yuan, accounting for 5.97% of the total transaction amount [2] Group 2 - China Chengxin International Credit Rating Co., Ltd. announced the termination of credit ratings for Gaoce Co., Ltd. and its related debt due to the redemption of "Gaoce Convertible Bonds" [3] - The "Gaoce Convertible Bonds" were fully redeemed and delisted as of September 10, 2025, with a remaining balance of 2 million yuan, which is 0.41% of the total issuance [3] - The credit rating for the company and its debt will no longer be updated following the termination of the rating [3]

Group 1 - The stock of High Measurement Co., Ltd. (688556) closed at 10.99 yuan on September 11, 2025, up 4.57% from the previous trading day, with a total market capitalization of 9.13 billion yuan [1] - The stock opened at 10.53 yuan, reached a high of 11.16 yuan, and a low of 10.43 yuan, with a trading volume of 5.55 billion yuan and a turnover rate of 6.12% [1] - China Chengxin International Credit Rating Co., Ltd. announced the termination of the credit rating for Qingdao High Measurement Technology Co., Ltd. and its related debt instruments [1] Group 2 - The "High Measurement Convertible Bond" issued in July 2022 was rated by China Chengxin International, maintaining a credit rating of A+ with a stable outlook as of the tracking report issued on June 20, 2025 [1] - As of September 8, 2025, the remaining balance of the "High Measurement Convertible Bond" was 2 million yuan, accounting for 0.41% of the total issuance, and the redemption amount was distributed on September 9 [1] - The "High Measurement Convertible Bond" has been fully redeemed and delisted, and the company no longer has any outstanding bonds rated by China Chengxin International [1]