机构观点 机构对中国海诚中长期展望持中性偏积极态度。根据2026年2月12日的最新市场观点，机构给予公司综 合目标价15.40元，较当前股价存在约39.62%的上涨空间。盈利预测显示，2026年净利润预计同比增长 11.44%，营收增长4.90%，主要基于新兴业务订单增长及海外扩张潜力。当前机构评级以中性为主，调 研频率较低，但ESG实践获市场认可，如评级升至"A"级。 经济观察网 近期，中国海诚（002116）在业务拓展方面表现活跃。根据搜狐网2026年2月10日的报道， 公司在新年伊始实现签单"开门红"，于国内外核心领域签约多个项目，涵盖食品、节能环保及新材料 类。例如，在食品领域，签约沙特阿拉伯精炼糖厂项目，提供全流程工程管理服务；在节能环保类，签 约巴西垃圾焚烧发电项目，提升当地资源化利用水平；在新材料类，签约钴材料产业项目，聚焦高电压 四氧化三钴研发。这些项目彰显公司综合竞争力，并有望支撑未来业绩增长。 股票近期走势 从股价表现看，中国海诚近7日（2026年2月6日至12日）呈现震荡走势。截至2月12日收盘，股价报 10.87元，当日跌幅1.45%，近5日累计跌幅2.34%。期间最高价为2月5日的1 ...

Investment Rating - The report rates the industry as "Buy" [1] Core Insights - The cleanroom market is expanding due to increased investment in high-tech industries, benefiting companies like Yaxiang Integration, with related companies including Shenghui Integration and Bocheng Co., Ltd. [3][4] - The real estate market is showing signs of marginal improvement, with significant potential for transformation and development [5] Summary by Sections Cleanroom Industry - The growth in high-tech industry investments is driving the expansion of the cleanroom market, with Micron Technology planning to invest $24 billion in a NAND factory in Singapore over the next decade, which will include 700,000 square feet of cleanroom space [4] - The World Semiconductor Trade Statistics (WSTS) predicts a 26.3% increase in the global semiconductor market by 2026, reaching $975 billion, further supporting the cleanroom industry's growth [4] - Yaxiang Integration's parent company reported a consolidated revenue of NT$9.5 billion (approximately RMB 2.1 billion) in December, a year-on-year increase of 165.2% [4] Real Estate Market - The Central Economic Work Conference in December 2025 emphasized stabilizing the real estate market through targeted policies, including controlling inventory and encouraging the acquisition of existing properties for affordable housing [5] - An article published on January 2, 2026, highlighted the importance of managing expectations in the real estate market, which has significant financial asset attributes and broad social implications [5] Recommended Companies - The report recommends Yaxiang Integration for the cleanroom sector, with related companies including Bocheng Co., Ltd. and Shenghui Integration [7] - Other sectors recommended include commercial aerospace, controllable nuclear fusion, and renewable energy, with specific companies highlighted for each sector [7]

1月26日晚间，中国海诚（002116.SZ）发布2025年度业绩快报及第四季度经营数据。面对复杂多变的外 部环境与行业周期性调整压力，公司交出了一份"稳中有进、质效双升"的成绩单：全年实现营业总收入 69.69亿元，同比增长2.16%；利润总额3.91亿元，同比增长4.27%；归母净利润3.43亿元，同比增长 2.21%，营收净利有望创历史新高。 值得关注的是，公司资产结构持续优化，截至2025年末总资产61.85亿元，同比下降1.15%，而净资产达 到27.72亿元，同比增长8.80%。同日披露的订单数据显示，第四季度单季新签合同29.70亿元，其中新 能源新材料业务贡献11.88亿元，占单季订单总额的40%，战略转型成效加速显现。 延续高分红传统 积极做好"价值传递" 中国海诚连续三年发布ESG报告，在万得评级中升至"A"级，中诚信评级连续三年获评"A+"级；并获易 董"最佳ESG实践奖"、南方周末"低碳先锋企业奖"，可持续发展绩效获市场高度认可。公司积极响应国 家"固废十条"政策，在固废处理领域具备深厚技术储备与项目经验。年内荣获轻工行业"优秀工程总承 包奖"21项（含一等奖5项）、"优秀工程勘察设计 ...

Core Viewpoint - China Haicheng achieved steady performance growth in 2025, with a solid order reserve laying a strong foundation for future development [1][2] Financial Performance - In 2025, the company reported total revenue of 6.969 billion yuan, a year-on-year increase of 2.16% [1] - The total profit reached 391 million yuan, reflecting a growth of 4.27% year-on-year [1] - Net profit amounted to 343 million yuan, with a year-on-year increase of 2.21% [1] - New contracts signed totaled 8.502 billion yuan [1] - By the end of 2025, total assets were 6.185 billion yuan, a decrease of 1.15% year-on-year, while net assets increased by 8.80% to 2.772 billion yuan [1] Strategic Focus - The company focused on three main themes: "strengthening fundamentals," "growth," and "transition to new areas," guided by "dual-driven digital intelligence and new quality growth" [1] - The company actively seized structural opportunities in the industry, achieving stable operational growth and continuous enhancement of corporate value in a complex external environment [1] Order and Project Data - In the fourth quarter of 2025, the company signed new orders worth 2.970 billion yuan, with significant contributions from the new energy and new materials sectors, accounting for 40% of the quarterly total [1] - As of the end of the fourth quarter of 2025, the company had a total of 189 signed but uncompleted engineering projects, amounting to approximately 8.470 billion yuan [1][2]

Core Viewpoint - China Haicheng (002116.SZ) reported its 2025 annual performance, showing modest growth in revenue and net profit, while facing a slight decline in new contracts signed [1] Financial Performance - The company achieved total operating revenue of 6.969 billion yuan, representing a year-on-year increase of 2.16% [1] - Net profit reached 343 million yuan, reflecting a year-on-year growth of 2.21% [1] - Basic earnings per share stood at 0.74 yuan [1] Contract and Asset Overview - New contracts signed amounted to 8.502 billion yuan, which is a year-on-year decrease of 1.32% [1] - As of the end of 2025, total assets were reported at 6.185 billion yuan, showing a year-on-year decline of 1.15% [1] - Net assets increased to 2.772 billion yuan, marking a year-on-year growth of 8.80% [1]

截止2025年末，公司总资产61.85亿元，同比下降1.15%，净资产27.72亿元，同比增长8.80%。 智通财经APP讯，中国海诚(002116.SZ)披露2025年度业绩快报，公司完成营业总收入69.69亿元，同比 增长2.16%，实现净利润3.43亿元，同比增长2.21%，新签合同85.02亿元，同比下降1.32%;基本每股收 益0.74元。 ...

格隆汇1月26日丨中国海诚(002116.SZ)公布，截至2025年第四季度末公司累计已签约未完工工程总承包 项目数量189个，金额人民币约84.70亿元；2025年第四季度已中标未签约项目4个，金额人民币0.99亿 元。 ...

2025年全年，公司完成营业总收入69.69亿元，同比增长2.16%，实现净利润3.43亿元，同比增长 2.21%，新签合同85.02亿元，同比下降1.32%；截止2025年末，公司总资产61.85亿元，同比下降 1.15%，净资产27.72亿元，同比增长8.80%。 格隆汇1月26日丨中国海诚(002116.SZ)公布2025年度业绩快报，2025年，公司围绕"强基""增长""向 新"主题，遵循"数智双驱、新质生长"的发展思路，把握行业结构性机遇，推动公司在复杂环境中实现 稳健增长与价值提升。 ...

Group 1 - The core point of the article is that China Haicheng (002116.SZ) has reported a total of 189 signed but uncompleted engineering projects with a total value of approximately RMB 8.47 billion as of the end of Q4 2025 [1] - As of Q4 2025, the company has also won 4 new projects that have not yet been signed, amounting to RMB 99 million [1]

中国海诚公告，截至2025年第四季度末公司累计已签约未完工工程总承包项目数量189个，金额人民币 约84.70亿元；2025年第四季度已中标未签约项目4个，金额人民币0.99亿元。 ...