Core Viewpoint - The company, Ultrasonic Electronics, confirmed that it does not use PEEK materials in its production process [2] Group 1 - An investor inquired about the use of PEEK materials in the company's production [2] - The company responded on September 9 via an investor interaction platform [2]

Group 1 - The company was asked by investors if its PCB products are used by North American clients, specifically if they are associated with Meta's AR/VR glasses [2] - The company responded that currently, its PCB products are not used for Meta's AR/VR glasses [2]

Group 1 - The company, Ultrasonic Electronics (000823), stated on September 9 that its PCB products are currently not supplying components for Meta's AR/VR glasses [1]

Key Points - China Petroleum & Chemical Corporation (Sinopec) announced a cash dividend of RMB 0.088 per share, totaling RMB 10.662 billion [4] - Guokai Microelectronics is progressing with a share issuance and cash payment to acquire 94.366% of the equity in Zhongxin Integrated Circuit (Ningbo) Co., Ltd. [5][6] - Phoenix Shipping's Vice General Manager Zhao Qiuling resigned due to work adjustments, while Wang Guozheng was appointed as the new financial director [7] - Guokai Co., Ltd. changed its stock abbreviation to Guokai Electronics, effective September 11, 2025 [8] - Xinhua Pharmaceutical's Vice General Manager Zheng Zhonghui resigned for personal reasons, holding 397,600 shares [9] - Uni-President's controlling shareholder's equity structure change was completed, transferring shares from the Ministry of Finance to Central Huijin Investment [10] - ST New Power may face delisting risk due to a negative audit opinion on its internal controls [11] - Huachuang Yuxin announced that 1.87% of its shares held by Shanghai Shiran Industrial Co., Ltd. will be auctioned [12][13] - Zhengbang Technology's subsidiary was accepted for reorganization by the court due to financial difficulties [14] - China Shipbuilding Defense's General Manager Chen Liping resigned due to work changes [15] - ST Lingnan and its former controlling shareholder are under investigation for information disclosure violations [16] - Hikvision's chairman proposed a mid-term dividend of RMB 4 per 10 shares, amounting to RMB 3.666 billion [17] - Huada Jiutian's shareholder plans to transfer 2.64% of the company's shares [18] - Poly Developments reported a signing amount of RMB 18.015 billion in August, a year-on-year decrease of 18.54% [19] - Muyuan Foods reported a revenue of RMB 11.85 billion from selling 7.001 million pigs in August, a year-on-year decrease of 12.30% [20] - Dongrui Co., Ltd. reported a revenue of RMB 160 million from selling 94,800 pigs in August, a month-on-month decrease of 5.48% [21] - Ankai Bus reported a cumulative production increase of 68.06% year-on-year [22] - Kweichow Moutai's controlling shareholder received a loan commitment of up to RMB 2.7 billion for stock repurchase [23] - Chengda Pharmaceutical's major shareholder plans to reduce its stake by 7.27% [24][25] - Kangchen Pharmaceutical's controlling shareholder plans to reduce its stake by up to 3% [26] - Koweil plans to reduce its stake by up to 2.34% [27] - Funeng Technology's shareholders plan to reduce their stake by up to 2% [28] - United Water's shareholder plans to reduce its stake by 3% [29] - Huayin Power's shareholder plans to reduce its stake by 1% [30] - Tianji Co., Ltd. reported a reduction of 0.61% in its controlling shareholder's stake [31] - Tonghuashun's controlling shareholder plans to reduce its stake by up to 138,310 shares [32] - JA Solar has not yet started its share repurchase plan [33] - Beite Technology plans to raise no more than RMB 300 million through a private placement [34] - Aerospace Hongtu signed a strategic cooperation agreement with Pakistan worth RMB 2.9 billion, which is still in preliminary stages [35][36] - Guangqi Technology signed contracts for mass production of metamaterials worth RMB 1.278 billion [37]

Core Viewpoint - The company, Ultrasonic Electronics, reported significant growth in its 2025 semi-annual results, with revenue reaching 3.045 billion yuan and net profit at 115 million yuan, indicating strong profitability and growth potential [2][3]. Financial Performance - In the first half of 2025, Ultrasonic Electronics achieved operating revenue of 3.045 billion yuan, a year-on-year increase of 13.26% [3]. - The net profit attributable to shareholders was 115 million yuan, reflecting a substantial year-on-year growth of 53.62% [3]. Business Overview - Ultrasonic Electronics specializes in the research, production, and sales of printed circuit boards, LCDs, touch screens, copper-clad laminates, semi-cured sheets, and ultrasonic instruments [3]. - The company's ultrasonic instruments include phased array ultrasonic imaging systems, conventional ultrasonic flaw detectors, and various other non-destructive testing equipment, which are widely used in industries such as petrochemicals, transportation, aerospace, and power facilities [3]. Market Conditions and Strategic Response - The global economy is undergoing cyclical adjustments, with geopolitical conflicts and economic competition posing challenges to the electronic information industry [4]. - In response to rising material costs and intensified competition, Ultrasonic Electronics is actively exploring niche markets such as AI servers, optical modules, smart transportation, smart homes, and industrial control [4]. - The company is enhancing its product and capacity structure through R&D collaborations with brand clients, aiming to meet the demand for high-quality and high-performance products [4]. Growth Drivers - The increase in sales and profitability is attributed to effective business operations and a higher proportion of high-value-added products [5].

Core Insights - The company, Ultrasonic Electronics, reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 3.045 billion yuan, a year-on-year increase of 13.26%, and net profit attributable to shareholders of 115 million yuan, up 53.62% [1] Financial Performance - Total revenue for Q2 2025 was 1.579 billion yuan, reflecting a year-on-year growth of 10.98% - Net profit for Q2 2025 was 73.048 million yuan, an increase of 27.03% compared to the same period last year - Gross margin improved to 17.25%, up 4.76% year-on-year, while net margin rose to 4.88%, a significant increase of 46.37% [1] - Total operating expenses (sales, management, and financial expenses) amounted to 218 million yuan, accounting for 7.17% of revenue, down 5.07% year-on-year [1] Key Financial Metrics - Earnings per share (EPS) increased to 0.21 yuan, a rise of 53.59% year-on-year - Operating cash flow per share reached 0.54 yuan, up 50.89% year-on-year - The company's net assets per share were 8.68 yuan, reflecting a 2.94% increase year-on-year [1] Debt and Cash Position - The company reported a healthy cash position with monetary funds of 1.792 billion yuan, a year-on-year increase of 26.97% - Accounts receivable stood at 1.722 billion yuan, up 6.96% year-on-year, with a concerning accounts receivable to profit ratio of 798.11% [3][2] Investment and Fund Holdings - Several funds have newly entered the top ten holdings of Ultrasonic Electronics, including Southern Big Data 100A and others, indicating growing institutional interest [4]

Core Insights - The company, Guangdong Shantou Ultrasonic Electronics Co., Ltd., reported a revenue of 3.045 billion yuan for the first half of 2025, representing a year-on-year growth of 13.26% [2] - The net profit attributable to shareholders reached 115 million yuan, showing a significant increase of 53.62% compared to the previous year [2] Business Strategy - The company focuses on four main product areas: printed circuit boards, liquid crystal displays and touch screens, copper-clad laminates and semi-cured sheets, and ultrasonic electronic instruments [2] - The company emphasizes market demand, technological innovation, product quality, and customer service to enhance its core competitiveness [2] Market Development - In the first half of the year, the company explored potential in niche markets such as AI servers, optical modules, smart mobility, smart home, and industrial control, while continuously building a strong customer base [3] - The company collaborates with high-quality brand clients on technology research and development, optimizing product and capacity structure to meet the demand for high-quality and high-performance products [3] Cost Management - The company adopts a dual strategy of increasing revenue and reducing costs, maintaining high capacity utilization while strengthening supply chain management [3] - Efforts to optimize production processes and reduce material costs have further solidified the company's market competitiveness [3]

格隆汇8月28日丨超声电子(000823.SZ)公布2025年半年度报告，上半年公司实现营业收入30.45亿元，同 比增长13.26%；归属于上市公司股东的净利润1.15亿元，同比增长53.62%；归属于上市公司股东的扣除 非经常性损益的净利润1.13亿元，同比增长69.54%；基本每股收益0.2138元。 ...

广东汕头超声电子股份有限公司 二Ｏ二五年半年度 财 务 报 告 （未经审计） 合并资产负债表 2025 年 6 月 30 日 编制单位：广东汕头超声电子股份有限公司 单位：人民币 | 项 | 目 | 2元025 年 6 月 30 日 | 2025 年 1 月 1 日 | | --- | --- | --- | --- | | 流动资产： | | | | | 货币资金 | | 1,791,779,267.35 | 1,774,711,220.61 | | 交易性金融资产 | | 5,000,000.00 | | | 衍生金融资产 | | | | | 应收票据 | | 178,926,663.24 | 168,448,265.82 | | 应收账款 | | 1,722,067,883.17 | 1,730,846,170.37 | | 应收款项融资 | | 70,239,335.58 | 87,604,680.24 | | 预付款项 | | 15,841,125.88 | 12,670,746.70 | | 其他应收款 | | 6,600,576.91 | 7,446,506.09 | | 其中：应收利息 | | ...

单位:人民币万元 | | | | | | 2025年半年度往 | 2025年半年度 | 2025年半度信 | | | THE: AND // // | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占 | 资金占用方名称 | 占用方与上市公 司的关联关系 | 上市公司長算的 会计科目 | 2025年期初 在来壹全余额 | 来累计发生金额 (不含利息) | 往米资金的利 డ్ (如行) | 还紧计发生令 范 | 2025年 - 卡斯米 往来资金余顾 | 占用形成原因 | 占用性质 | | 空股股东、实际控制人及其附 | | | | | | | | | | 非经营性占用 | | 用作业 | | | | | | | | | | 4 给意性占用 | | 小 计 | | - | - | | | | | | | - | | 前拉股股东、实际 控制人及其 | | | | | | | | | | 非经营性占用 | | 时属企业 | | | | | | | | | | 非经营性占用 | | 小 计 | 13 | - | ー ...