Shenzhen SEICHI Technologies (688627)

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精智达(688627):半导体业务高增
China Post Securities· 2025-09-02 08:37
Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price of over 20% compared to the benchmark index within the next six months [10][16]. Core Insights - The company's semiconductor business has driven revenue growth, achieving a revenue of 444 million yuan in H1 2025, a year-on-year increase of 22.68%. The semiconductor segment alone generated 313 million yuan, marking a significant year-on-year growth of 376.52% [4][5]. - Despite the revenue growth, the net profit attributable to shareholders decreased by 19.94% year-on-year to 30.59 million yuan, primarily due to increased R&D and management expenses [4][5]. - The company has seen a continuous improvement in gross margins, with an overall gross margin of 36.05% in H1 2025, reflecting successful product structure optimization [5][6]. Summary by Sections Company Overview - The latest closing price is 112.27 yuan, with a total market capitalization of 10.6 billion yuan and a circulating market value of 8.1 billion yuan. The company has a debt-to-asset ratio of 15.1% and a price-to-earnings ratio of 131.13 [3]. Financial Performance - For H1 2025, the company reported a revenue of 444 million yuan, with a net profit of 30.59 million yuan. The R&D expenses increased by 16.28% to 60.99 million yuan, while management expenses rose by 52.36% to 27.52 million yuan [4][5]. - The company forecasts revenues of 1.213 billion yuan, 1.615 billion yuan, and 2.104 billion yuan for 2025, 2026, and 2027 respectively, with net profits expected to be 180.4 million yuan, 270.71 million yuan, and 388.18 million yuan for the same years [10][12]. Market Position and Product Development - The company is capitalizing on the growing demand in the global storage and AI sectors, leading to an acceleration in domestic substitution. It has secured significant orders exceeding 300 million yuan for core products, indicating strong market validation [6][7]. - In the new display detection sector, the company has made breakthroughs, including securing over 200 million yuan in orders for G8.6 AMOLED production line detection equipment, showcasing its competitive edge [7][9].
净利增幅最高达1079%,杉杉股份等4企公布上半年业绩
WitsView睿智显示· 2025-09-01 09:19
Core Viewpoint - The article highlights the financial performance and growth prospects of several companies in the display technology and materials sector, emphasizing their revenue growth and profitability despite challenges in the market. Group 1: Company Performance - Shanshan Co., Ltd. achieved a revenue of 9.858 billion yuan, a year-on-year increase of 11.78%, and a net profit of 207 million yuan, a significant increase of 1,079.59% [2][3] - Huaxing Yunchuang reported a revenue of 915 million yuan, up 9.27% year-on-year, with a net profit of 78.52 million yuan, reflecting a growth of 152.40% [6][7] - Jingzhida's revenue reached 444 million yuan, marking a 22.68% increase, while its net profit was 31 million yuan, down 19.94% [9][10] - Kaisheng Technology recorded a revenue of 2.765 billion yuan, a 24.70% increase, and a net profit of 51.51 million yuan, up 23.70% [12][13] Group 2: Business Segments and Innovations - Shanshan Co., Ltd. focuses on lithium battery anode materials and polarizer business, with stable shipments of high-value products like OLED polarizers [4][5] - Huaxing Yunchuang specializes in testing equipment and solutions for LCD and OLED displays, benefiting from a mild recovery in the consumer electronics industry [6][8] - Jingzhida is engaged in semiconductor testing equipment, with significant growth in its semiconductor business, which saw a revenue increase of 376.52% [9][10][11] - Kaisheng Technology's display materials business is showing positive trends, with key projects in large-size displays and flexible glass materials [12][13]
精智达股价创新高
Di Yi Cai Jing· 2025-09-01 08:49
Group 1 - The stock price of Jingzhida increased by 6.12%, reaching 111.85 CNY per share, marking a new high [1] - The total market capitalization of the company surpassed 10.515 billion CNY [1] - The trading volume amounted to 27.4844 million CNY [1]
精智达涨6.99%,股价创历史新高
Zheng Quan Shi Bao Wang· 2025-09-01 02:18
Company Performance - The stock price of Jingzhida reached a historical high, increasing by 6.99% to 112.77 yuan, with a trading volume of 631,300 shares and a transaction amount of 70.5451 million yuan [2] - The company reported a total revenue of 444 million yuan for the first half of the year, representing a year-on-year growth of 22.68%, while net profit was 30.587 million yuan, a decline of 19.94% year-on-year [2] Market Activity - The latest total market capitalization of Jingzhida is 10.602 billion yuan, with a circulating market value of 8.159 billion yuan [2] - The margin trading data shows a balance of 368 million yuan as of August 29, with a recent increase of 104 million yuan, reflecting a 39.32% growth [2] Industry Overview - The mechanical equipment industry, to which Jingzhida belongs, has an overall increase of 0.66%, with 339 stocks rising and 4 stocks hitting the daily limit [2] - Among the stocks that declined, Huaguang New Material, Zhengfan Technology, and Zhuoran Co., Ltd. saw declines of 6.91%, 6.71%, and 6.20% respectively [2]
精智达(688627.SH)上半年净利润3058.7万元,同比下降19.94%
Ge Long Hui A P P· 2025-08-30 16:51
Group 1 - The company reported a total operating revenue of 444 million yuan for the first half of 2025, representing a year-on-year increase of 22.68% [1] - The net profit attributable to shareholders of the parent company was 30.587 million yuan, showing a year-on-year decrease of 19.94% [1] - The basic earnings per share were 0.33 yuan [1]
深圳精智达技术股份有限公司2025年半年度报告摘要
Shang Hai Zheng Quan Bao· 2025-08-30 02:54
Core Viewpoint - The company, Shenzhen Jingzhida Technology Co., Ltd., has provided a detailed report on its fundraising activities and the management of those funds, ensuring compliance with relevant regulations and highlighting the strategic use of raised capital for project development [3][30]. Group 1: Fundraising Overview - The company was approved to publicly issue 23,502,939 shares at a price of RMB 46.77 per share, raising a total of RMB 1,099.23 million, with a net amount of RMB 986.56 million after deducting issuance costs [3][17]. - The funds were fully received by July 13, 2023, and verified by DaHua Accounting Firm [3][17]. Group 2: Fund Management - The company has established a tripartite supervision agreement for the management of the raised funds, ensuring compliance with regulatory requirements [6]. - As of June 30, 2025, the company had RMB 539.87 million in cash management from idle raised funds, with plans to hold these financial products for no more than 12 months [9][8]. Group 3: Fund Utilization - The company has approved the use of RMB 299.61 million of the raised funds for the development of advanced packaging equipment [10][18]. - The company has also added new project implementation entities and locations to enhance its operational efficiency and strategic alignment in the micro-display sector [23][25]. Group 4: Asset Impairment - The company has recognized an asset impairment provision totaling RMB 15.20 million for the first half of 2025, including RMB 10.44 million for credit impairment losses and RMB 4.76 million for inventory impairment [32][34]. - This provision reflects the company's adherence to accounting standards and is intended to provide a fair representation of its financial status [31][35].
华安研究:2025年9月金股组合
Huaan Securities· 2025-08-29 13:23
Group 1: Financial Performance - The projected net profit for 2025 is estimated at 605 million RMB, reflecting a growth rate of 52% compared to 2024[1] - The expected operating revenue for 2025 is 4,157 million RMB, with a growth rate of 4% from 2024[1] - The estimated EPS for 2025 is 0.6, with a PE ratio of 18[1] Group 2: Market Trends and Risks - The valuation for 2025-2027 is projected at 18x, 16x, and 14x, with a PEG ratio of less than 1 for 2026[1] - The company is expected to launch innovative and hard-to-replicate products, including a new drug expected to be approved in 2025[1] - Risks include fluctuations in customer demand and potential delays in product development[1] Group 3: Industry Insights - The pharmaceutical industry is experiencing a gradual recovery, with the raw material drug business stabilizing[1] - The beverage industry is expected to see improved sales during the Mid-Autumn Festival and National Day, with a narrowing decline[1] - The semiconductor equipment sector is projected to achieve significant revenue growth, with a target of 5 billion RMB by 2025[1]
精智达: 2025年半年度募集资金存放与使用情况的专项报告
Zheng Quan Zhi Xing· 2025-08-29 11:22
Core Viewpoint - Shenzhen Jingzhida Technology Co., Ltd. has provided an update on the use of raised funds from its initial public offering, detailing the total amount raised, the allocation of funds, and the management of idle funds [1][6]. Fundraising Overview - The company was approved to issue 23.502939 million shares at a price of RMB 46.77 per share, raising a total of RMB 1,099.2325 million, with net proceeds of RMB 986.5646 million after deducting expenses [1]. - As of June 30, 2025, the total amount of raised funds was RMB 986.5646 million, with RMB 43.81616 million already utilized [6][8]. Fund Management - The company has established a tripartite supervision agreement for the management of raised funds, ensuring compliance with regulations [1][6]. - The funds are stored in designated bank accounts, with a total balance of RMB 34.56747418 million as of June 30, 2025 [2][3]. Actual Use of Funds - The company has allocated RMB 10.21141 million to various projects, including the development of new generation semiconductor storage devices and testing equipment [6][8]. - The company has also approved the use of RMB 29.96074 million of excess raised funds for the advanced packaging equipment research project [6][8]. Idle Funds Management - As of June 30, 2025, the company has RMB 539.8679 million in idle funds under cash management, with investments in various financial products [5][6]. - The company plans to hold these financial products for no more than 12 months [6]. Changes in Fund Usage - There have been no changes in the fundraising projects or any transfers of fundraising projects during the reporting period [6]. - The company has not used excess funds for permanent working capital or to repay bank loans [6]. Compliance and Disclosure - The company has ensured that all disclosed information regarding the use of raised funds is timely, truthful, accurate, and complete, with no violations in the management of funds [6].
精智达: 关于2025年半年度计提资产减值准备的公告
Zheng Quan Zhi Xing· 2025-08-29 11:22
Summary of Key Points Core Viewpoint - The company has recognized asset impairment provisions for the first half of 2025, totaling 15.1963 million RMB, reflecting its financial condition and operational results as of June 30, 2025 [1][2]. Group 1: Asset Impairment Provisions - The company has recorded a credit impairment loss of 10.4376 million RMB for accounts receivable and other receivables [2]. - An asset impairment loss of 4.7587 million RMB has been recognized, which includes inventory and contract asset impairment losses [2]. - The total impairment provisions amount to 15.1963 million RMB, impacting the company's profit before tax for the first half of 2025 by the same amount [2][3]. Group 2: Methodology and Impact - The impairment provisions are based on the company's actual situation and accounting standards, ensuring a true reflection of its financial status without changes in accounting methods [3]. - The provisions comply with legal regulations and do not significantly affect the company's normal operations [3].
精智达: 关于部分募投项目新增实施主体及实施地点的公告
Zheng Quan Zhi Xing· 2025-08-29 11:22
证券代码:688627 证券简称:精智达 公告编号:2025-066 深圳精智达技术股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示: ? 深圳精智达技术股份有限公司(以下简称"公司"或"精智达")的"新 一代显示器件检测设备研发项目",计划新增公司全资子公司苏州精智达智能装 备技术有限公司(以下简称"苏州精智达")为实施主体。同时公司计划新增江 苏省苏州市苏州工业园区新平街 388 号腾飞创新园及杭州市萧山区盈丰街道润奥 商务中心为该项目实施地点。 ? 公司于 2025 年 8 月 28 日召开了公司第四届董事会第三次会议,审议通过 了《关于部分募投项目新增实施主体及实施地点的议案》,保荐机构中信建投证 券股份有限公司(以下简称"保荐机构")发表了明确的同意意见。本事项在董 事会审批权限范围内,无需提交公司股东会审议,现将相关事项公告如下: 一、募集资金基本情况 根据中国证券监督管理委员会于 2023 年 5 月 26 日出具的《关于同意深圳精 智达技术股份有限公司首次公开发行股票注册的批复》( ...