国盛证券研报指出，东华科技Q2业绩大幅提速，扣非业绩增速36%表现亮眼。公司2025Q2单季新签订 单59亿元，同比高增42%，其中设计/工程总承包分别新签1.8/57.2亿元，同增165%/40%，高毛利、短周 期设计订单大幅增长，有望在下半年开始贡献业绩，且设计技术服务作为施工前置环节，预示后续相关 工程总承包订单具备较大增长潜力。国内能源需求上行叠加海外能源不确定性提升，提高国内能源自给 率重要性持续凸显，新疆煤化工投资加速趋势明确。公司在手订单充裕，后续有望受益新疆煤化工投资 加速，预计2025-2027年归母净利润分别为4.8/5.5/6.4亿元，同增16%/16%/16%，EPS分别为 0.67/0.78/0.91元/东，当前东价对应PE分别为15/13/11倍，维持"买入"评级。 ...

Investment Rating - The report maintains a "Buy" rating for the company [4][6]. Core Views - The company has shown significant performance acceleration in Q2, with a non-recurring profit growth rate of 36%, driven by enhanced management and cost control [1]. - New signed orders in Q2 increased by 42% year-on-year, with a strong backlog of orders providing robust support for future performance [2]. - Key projects in Xinjiang's coal chemical sector are progressing, indicating potential for accelerated EPC order releases [3]. Summary by Sections Financial Performance - In H1 2025, the company achieved revenue of 4.78 billion yuan, a 9% increase year-on-year, and a net profit of 240 million yuan, up 15% [1]. - The quarterly breakdown shows Q1 revenue of 2.07 billion yuan (up 13%) and Q2 revenue of 2.71 billion yuan (up 6%) [1]. - The company’s gross profit margin improved year-on-year, contributing to the faster growth of non-recurring profits [1]. Order Book and Market Position - The company signed new orders worth 5.9 billion yuan in Q2, with design and engineering contracts seeing substantial growth [2]. - The total new signed orders for H1 2025 reached 7.78 billion yuan, a 24% increase, achieving 35% of the annual target [2]. - The company has a strong order backlog of 51.33 billion yuan, which is 5.8 times the expected revenue for 2024, indicating solid future revenue support [2]. Project Developments - Significant progress has been made on key projects in Xinjiang, with total planned investments exceeding 800 billion yuan [3]. - Recent approvals and bidding activities for major projects suggest that EPC orders are likely to be released in a concentrated manner [3]. - The company is positioned to benefit as a leading player in coal chemical construction amid increasing domestic energy demands [3]. Profit Forecast - The forecasted net profits for 2025, 2026, and 2027 are 480 million yuan, 550 million yuan, and 640 million yuan respectively, each reflecting a 16% growth [4]. - The expected earnings per share (EPS) for the same years are projected to be 0.67 yuan, 0.78 yuan, and 0.91 yuan [4].

（文章来源：证券日报） 本报讯 （记者徐一鸣）7月30日，东华工程科技股份有限公司（以下简称"东华科技"）发布2025年上半 年业绩快报。报告期内，公司实现营业总收入47.84亿元，同比增长9.29%；实现归属于上市公司股东的 净利润为2.40亿元，同比增长14.64%。 东华科技表示，报告期内，公司稳步推进生产经营工作，在建总承包项目进展正常，按合同履约进度确 认的收入同比有所增加。此外，公司深化工程项目精细化管理，全面推行项目责任成本管控，项目整体 毛利率同比有所增长。 ...

（文章来源：证券日报） 证券日报网讯 7月30日晚间，东华科技发布2025年半年度业绩快报称，公司2025年半年度实现营业总收 入为4，783，647，091.70元，同比增长9.29%；实现归属于上市公司股东的净利润为240，233，525.49 元，同比增长14.64%。 ...

东华科技（SZ 002140，收盘价：10.2元）7月30日晚间发布2025年半年度业绩快报，营业收入约47.84亿 元，同比增加9.29%；归属于上市公司股东的净利润约2.4亿元，同比增加14.64%；基本每股收益0.3395 元，同比增加14.31%。 （文章来源：每日经济新闻） ...

Core Viewpoint - Donghua Technology (002140.SZ) reported a steady growth in its financial performance for the first half of 2025, with significant increases in both revenue and net profit [1] Financial Performance - The company achieved a total operating revenue of 4.784 billion yuan, representing a year-on-year growth of 9.29% [1] - The net profit attributable to shareholders of the listed company was 240 million yuan, reflecting a year-on-year increase of 14.64% [1] - Basic earnings per share were reported at 0.3395 yuan [1] Operational Progress - During the reporting period, the company steadily advanced its production and operational activities [1] - The progress of ongoing general contracting projects was normal, with revenue recognized according to contract performance schedules showing a year-on-year increase [1]

Core Viewpoint - Donghua Technology (002140) reported a revenue of 4.784 billion yuan for the first half of 2025, reflecting a year-on-year growth of 9.29% [1] - The net profit attributable to shareholders reached 240 million yuan, marking a year-on-year increase of 14.64% [1] - Basic earnings per share stood at 0.34 yuan [1] Financial Performance - The company's revenue for H1 2025 was 4.784 billion yuan, up 9.29% compared to the previous year [1] - The net profit attributable to shareholders was 240 million yuan, which is a 14.64% increase year-on-year [1] - Basic earnings per share were reported at 0.34 yuan [1] New Contracts - In the second quarter, the company secured 54 new contracts with a total value of 5.895 billion yuan [1]

Core Viewpoint - Donghua Technology (002140.SZ) reported a strong performance in the first half of 2025, with significant growth in revenue and net profit, indicating effective management and operational efficiency [1] Financial Performance - The company achieved total operating revenue of 4.784 billion yuan, representing a year-on-year increase of 9.29% [1] - Total profit reached 287 million yuan, up 18.05% compared to the previous year [1] - Net profit attributable to shareholders was 240 million yuan, reflecting a year-on-year growth of 14.64% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 232 million yuan, showing a substantial increase of 31.48% year-on-year [1] - Basic earnings per share were reported at 0.3395 yuan [1] Operational Efficiency - The growth in net profit was primarily driven by overall revenue increase and the company's enhanced project management practices [1] - The implementation of detailed project responsibility cost control contributed to an increase in overall project gross margin compared to the previous year [1]

Core Viewpoint - Donghua Technology (002140) reported a significant increase in new orders for the second quarter, indicating strong business performance and growth potential in the engineering and design services sector [1] Group 1: New Orders - The company signed 54 new orders in the second quarter, totaling 5.895 billion yuan [1] - Among these, 46 orders were for design technical services amounting to 178 million yuan, while 8 orders were for engineering general contracting worth 5.717 billion yuan [1] - In the same period, there was 1 bid that was won but not yet signed, valued at 439 million yuan [1] Group 2: Cumulative Orders - As of June 30, the company had a total of 945 signed but uncompleted orders, with a cumulative value of 51.339 billion yuan [1] - The announcement also included updates on 13 major projects, detailing related income, collections, and settlement data [1]

证券代码：002140 证券简称：东华科技 公告编号：2025-034 东华工程科技股份有限公司 2025 年第二季度经营情况简报 | 项目 | 第二季度 新签约订单 | | 第二季度 中标未签约订单 | | 截至报告期末累计 已签约未完工订单 | | 备注 | | --- | --- | --- | --- | --- | --- | --- | --- | | 类型 | 数量 | 金额 | 数量 | 金额 | 数量 | 金额 | | | | (个) | (万元) | (个) | (万元) | (个) | (万元) | | | 设计技术 性服务 | 46 | 17,782.45 | 0 | 0 | 761 | 即咨 174,569.17 询、设 | | | | | | | | | 计项目 | | | 工程 总承包 | 8 | 571,714.25 | 1 | 43,895.06 | 184 | 4,959,298.43 含 EPC+0 等 | | | 合计 | 54 | 589,496.70 | 1 | 43,895.06 | 945 | 5,133,867.60 | | 二、关于重大项目执行情况 1.刚果 ...