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三季报盘点丨79家上市公司已披露 12家公司净利润超10亿元
Di Yi Cai Jing· 2025-10-20 00:04
截至10月20日,A股已累计有79家上市公司披露2025年三季报,其中66家盈利,13家亏损。从净利润增 幅来看,21家公司净利润增幅超50%,光华科技、仕佳光子、神通科技排名居前,前三季度净利润增幅 分别为1233.70%、727.74%、584.07%。从净利润来看,12家公司净利润超10亿元,紫金矿业、海康威 视、福耀玻璃排名居前,前三季度净利润分别为378.64亿元、93.19亿元、70.64亿元。 (文章来源:第一财经) 从净利润增幅来看,1家公司净利润增幅超50%,星网宇达、扬杰科技、达瑞电子增幅居前,前三季度 增幅分别为260.00%、45.51%、26.84%。从净利润来看,当日披露三季报公司中,扬杰科技、达瑞电 子、惠泉啤酒排名居前,前三季度净利润分别为9.74亿元、2.31亿元、0.99亿元。 10月20日,A股共8家上市公司披露2025年三季报,其中7家盈利,1家亏损。截至10月20日,A股已累计 有79家上市公司披露2025年三季报,其中66家盈利,13家亏损,合计营收为8335.56亿元,同比增 10.61%,合计净利润为898.58亿元,同比增40.79%。从净利润变动幅度来看,5 ...
海康威视业绩逆转经营现金流增426% 提升股东回报年内斥资121亿分红回购
Chang Jiang Shang Bao· 2025-10-19 23:31
长江商报消息 ●长江商报记者 沈右荣 全球知名公司海康威视(002415.SZ)经营业绩实现了逆转。 二级市场上,海康威视的市值又回到了3000亿元阵营。 第三季度净利增长逾20% 行业巨头海康威视完成了业绩逆转,实现了增长。 根据三季度报告,2025年前三季度,海康威视实现营业收入657.58亿元,同比增长1.18%,与上年同期的6.06%增 速相比有所放缓,但仍然创下了同期历史新高;公司实现的归母净利润为93.19亿元,同比增长14.94%。 10月17日晚,海康威视发布的2025年三季度报告显示,前三季度,公司实现营业收入约658亿元,同比略有增长; 归母净利润约93亿元,同比降转增,增幅约为15%。 其中,第三季度,公司归母净利润同比增速超过20%,系2024年初以来季度最快增速。上年同期,公司归母净利 润为负增长。 2025年前三季度,海康威视研发投入依旧稳定在87亿元左右,保持较大的研发力度。 纵览三季报,最大的亮点是经营现金流。2025年前三季度,海康威视的经营现金流净额为136.97亿元,同比劲增 426%。与此同时,公司应收账款同比减少约60亿元。 海康威视财务状况继续大幅向好。前三季度,公 ...
【早报】中美同意尽快举行新一轮经贸磋商;芯片领域现200亿大手笔投资
财联社· 2025-10-19 23:09
早 报 精 选 4、财政部等三部门:11月1日起纳税人销售自产的利用海上风力生产的电力产品,增值税即征即退50%。 5、士兰微:拟200亿元共同投建12英寸高端模拟集成电路芯片制造生产线项目。 宏 观 新 闻 1、 中国共产党第二十届中央委员会第四次全体会议将于10月20日至23日在北京召开。主要议程:中共中央政治局向中央委员会报 告工作,研究关于制定国民经济和社会发展第十五个五年规划的建议。会议分析研究当前经济形势,部署下半年经济工作。 2、北京时间10月18日上午,中美经贸中方牵头人、国务院副总理何立峰与美方牵头人、美国财政部长贝森特和贸易代表格里尔举行 视频通话,双方围绕落实今年以来两国元首历次通话重要共识,就双边经贸关系中的重要问题进行了坦诚、深入、建设性的交流,同 意尽快举行新一轮中美经贸磋商。 3、为巩固拓展经济回升向好势头,财政部宣布采取两项措施:近期,中央财政从地方政府债务结存限额中安排5000亿元下达地方, 规模较上年增加1000亿元,支持范围亦有拓展;同时,财政部明确今年将提前下达2026年新增地方政府债务限额。 5、中国互联网络信息中心在2025(第六届)中国互联网基础资源大会上发布《生 ...
品牌工程指数 上周收报1956.62点
Core Viewpoint - The market experienced a correction last week, but certain stocks within the brand index showed resilience, indicating potential investment opportunities in sectors like electronics, new energy, new consumption, and real estate as uncertainties ease [1][4]. Market Performance - The market indices saw declines: Shanghai Composite Index down 1.47%, Shenzhen Component down 4.99%, ChiNext down 5.71%, and CSI 300 down 2.22%. The brand index fell 3.58% to 1956.62 points [2]. - Notable gainers in the brand index included Shanghai Jahwa up 9.42%, Changbai Mountain up 7.19%, and Darentang up 5.34%. Other stocks like Luzhou Laojiao and Yiling Pharmaceutical also saw gains exceeding 4% [2]. Stock Performance Since H2 - Since the beginning of the second half of the year, Zhongji Xuchuang has surged 156.40%, leading the gains, followed by Sunshine Power at 114.27%. Other significant performers include Lanke Technology and Yiwei Lithium Energy, both up over 60% [3]. Market Outlook - Looking ahead, the market is expected to maintain upward momentum as uncertainties gradually diminish. Liquidity is anticipated to remain supportive, with domestic interest rates low and overseas liquidity remaining loose, encouraging investment in Chinese equity assets [4][5]. - The current market environment is characterized by a shift in investment styles, with a focus on sectors that offer higher investment certainty, particularly in electronics, new energy, new consumption, and real estate [5].
海康威视20251018
2025-10-19 15:58
海康威视 20251018 摘要 海康威视 SOP 标准作业流程检测系统通过实时识别生产线上的人员动作 和配件位置,及时纠正错误操作,提升制造业质量管理水平,尤其在中 国重化工业设备智能化转型中具有重要应用价值。 海外市场是海康威视收入的重要组成部分,占比超过一半,是公司韧性 增长的稳定器。尽管面临付费能力、本地化改造和数据安全等挑战,但 海外市场仍有向 EBG、PPG 方向发展的潜力。 海康威视在海外市场面临美国、加拿大等市场环境变化带来的挑战,但 非视频产品如报警系统和 IT 产品如 LED 在海外市场具有更大的增长空 间,同时非金融项目如治安、交通等领域存在潜在需求。 海康威视通过加强中外员工配合、优化 IT 工具支持运营模式调整、调整 组织结构等方式提升国际业务能力,构建稳定现金流和高进入门槛。 海康威视通过反内卷策略,在收入同比增长 0.66%的情况下,毛利率提 高 1.65 个百分点,同时增加员工薪酬,提高股东分红比例,平衡企业 伦理关系,实现高质量增长。 Q&A 海康威视在工业领域的 AI 大模型落地方面有哪些最新进展和未来展望? AI 大模型在工业上的规模化落地是海康威视的强项之一。凭借丰富的 ...
海康威视(002415):归母净利润与现金流超预期,经营质量持续提升
Western Securities· 2025-10-19 13:19
公司点评 | 海康威视 归母净利润与现金流超预期,经营质量持续提升 海康威视(002415.SZ)2025 年三季报点评 事件:公司发布 2025 年三季报。2025 年前三季度,公司实现营业收入 657.58 亿元(同比+1.18%),归母净利润 93.19 亿元(同比+14.94%)。 公司积极寻找境内主业相关业务机会,境外主业与创新业务保持平稳较快增 长。分业务来看:(1)境内主业:公司积极根据宏观经济形势调整组织架构 和资源配置,围绕经济中的亮点寻找业务机会,如 PBG 的交通行业,EBG 的电子电器、石化煤炭、智慧商贸、电力央企等行业。此外,SMBG 第三季 度的营收同比降幅已收窄至个位数(25H1 公司 SMBG 业务同比下滑 29.75%),其毛利额和扣费毛利额(分部利润)均已实现同比正增长。(2) 境外主业:在动荡的国际贸易秩序下,尽管境外主业整体收入增速环比有所 放缓,但除美国、加拿大、印度三个市场外,其他地区前三季度的收入增速 仍保持两位数。(3)创新业务:受益于汽车、锂电、电子电器和物流、交通 等下游行业需求的拉动,海康机器人、海康汽车电子、海康睿影等创新业务 均实现了较高的收入增速。 ...
海康威视前三季度现金流同比增长超400% 营收净利双增长
Core Viewpoint - Hikvision's financial performance in Q3 2025 shows steady growth in revenue and net profit, driven by effective management strategies and a focus on AI technology [1][2][3] Financial Performance - In the first three quarters of 2025, Hikvision achieved a total revenue of 65.758 billion yuan, a year-on-year increase of 1.18%, and a net profit attributable to shareholders of 9.319 billion yuan, up 14.94% [1] - For Q3 alone, the company reported revenue of 29.04 billion yuan, a 0.66% increase year-on-year, with a gross margin of 45.67%, up 1.65 percentage points [1] - The net profit for Q3 was 3.662 billion yuan, reflecting a year-on-year growth of 20.31% [1] Cash Flow and Shareholder Returns - By the end of Q3, accounts receivable and notes receivable totaled 35.969 billion yuan, a decrease of 1.288 billion yuan from June and a significant drop of 4.664 billion yuan from the beginning of the year [2] - The net cash flow from operating activities for the first three quarters reached 13.697 billion yuan, a remarkable increase of 426%, marking a historical high for the company [2] - Hikvision has returned a total of 12.125 billion yuan to shareholders over the past 12 months through cash dividends and share buybacks [2] AI Technology and Business Strategy - The company is actively integrating AI technology into various industries, aligning with national policies to promote AI's role in economic transformation [3][4] - Hikvision is focusing on enhancing its product lines and operational management, with a commitment to AI model development and digital transformation [5] - The AI models are being implemented across multiple sectors, including industrial, transportation, and energy, leading to significant improvements in operational efficiency [4] Future Outlook - Hikvision plans to continue its "profit-centered" operational strategy, emphasizing long-term investments in AI and digitalization to enhance performance and shareholder returns [5]
海康威视(002415):有效益增长效果显现,现金流及利润超预期
SINOLINK SECURITIES· 2025-10-19 06:53
Investment Rating - The report maintains a "Buy" rating for the company, with expected revenue growth of 3.60%, 8.07%, and 8.58% for the years 2025, 2026, and 2027 respectively, and net profit growth of 20.24%, 17.60%, and 18.96% for the same years [3]. Core Insights - The company reported a total revenue of 657.58 billion yuan for the first three quarters, reflecting a growth of 1.18%, and a net profit of 93.19 billion yuan, which is a 14.94% increase. The third quarter alone saw revenues of 239.4 billion yuan, a slight increase of 0.66%, and a net profit of 36.62 billion yuan, up by 20.31% [9]. - The company is focused on a profit-centered operational strategy, which is showing positive results in financial metrics such as gross margin and cash flow. The gross margin for the first three quarters was 45.37%, an increase of 0.61 percentage points year-on-year [9]. - The company is optimistic about future growth, expecting over 10% growth in net profit for the full year 2025, with a focus on high-quality revenue growth and strict control over receivables [9]. Summary by Sections Revenue and Profit Forecast - The revenue forecast for 2025 is adjusted to 958.29 billion yuan, with a growth rate of 3.60%. The net profit forecast for 2025 is set at 144.01 billion yuan, reflecting a growth of 20.24% [3][8]. - For 2026 and 2027, the revenue is projected to be 1,035.64 billion yuan and 1,124.51 billion yuan, with growth rates of 8.07% and 8.58% respectively. The net profit for these years is expected to be 169.36 billion yuan and 201.47 billion yuan, with growth rates of 17.60% and 18.96% [3][8]. Financial Performance - The company achieved a net cash flow from operating activities of 136.97 billion yuan, a significant increase of 426% year-on-year, marking a historical high for the same period [9]. - The total accounts receivable decreased significantly, indicating improved cash flow management, with a reduction of 46.64 billion yuan compared to the beginning of the year [9]. Market Position and Future Outlook - The company is well-positioned to capitalize on the integration of physical and digital worlds, particularly in AI applications. It is actively promoting its products in both domestic and international markets [9]. - The report highlights the company's commitment to maintaining a profit-centered approach while pursuing high-quality revenue growth, which is expected to yield positive results in the coming years [9].
海康威视:前三季度对美出口同比大幅下滑
Ju Chao Zi Xun· 2025-10-19 02:58
近日,海康威视在接受机构调研时表示,2025年三季度,国内经济既面临压力,也展现了强大的韧性和不少亮点。一方面,1-8月全国固定资产投资(不含 农户)同比增速仅为0.5%,一般公共预算支出同比增长3.1%;另一方面,装备制造业和高技术制造业等则展现了强大的韧性和活力,其中1-8月高技术制造 业增速达9.5%,家电、服务器、手机、汽车等行业增速较高。前三季度出口同比增长7.1%,其中对东盟、非洲、中亚的出口增速较快,对美出口则同比大 幅下滑。 在国内主业方面,在营销端,公司积极根据宏观经济形势调整组织架构和资源配置,围绕经济中的亮点寻找业务机会,如政府端的交通行业,企业端的电子 电器、石化煤炭、智慧商贸、电力央企等行业;在产品侧,公司在AI大模型相关的技术方向上加大投入,推动AI大模型产品落地。尤其值得一提的是, SMBG三季度的营收同比降幅已收窄至个位数,而其毛利额和扣费毛利额(分部利润)均已实现同比正增长。经过一年左右时间的调整,经销商渠道去库存 和运营模式调整的目标已基本实现。接下来,公司会不断向市场推出轻智能与灵活部署的优质产品,SMBG团队携手经销商伙伴下沉开展深入区县的营销活 动,共建健康而又富有活 ...
海康威视(002415):2025年三季报点评:营收保持增长,利润增速提升
Huachuang Securities· 2025-10-19 02:26
Investment Rating - The report maintains a "Strong Buy" rating for Hikvision, expecting it to outperform the benchmark index by over 20% in the next six months [3][16]. Core Insights - Hikvision's revenue for the first three quarters of 2025 reached 65.758 billion yuan, a year-on-year increase of 1.18%. The net profit attributable to shareholders was 9.319 billion yuan, up 14.94% year-on-year, with a significant improvement in profit growth in Q3 [2][6]. - The company has shown continuous improvement in gross margin, with Q3 2025 gross margin at 45.67%, up 1.42 percentage points year-on-year [6]. - Operating cash flow has significantly improved, with a net cash flow from operating activities of 13.697 billion yuan, a year-on-year increase of 426.06% [6]. - The company has been actively investing in AI technologies, launching hundreds of AI model products and integrating them into various industry applications [6]. Financial Performance Summary - **Revenue Forecast**: Expected revenues for 2025, 2026, and 2027 are 95.081 billion yuan, 103.571 billion yuan, and 113.276 billion yuan, respectively, with growth rates of 2.8%, 8.9%, and 9.4% [2][7]. - **Net Profit Forecast**: Projected net profits for the same years are 13.873 billion yuan, 15.374 billion yuan, and 17.129 billion yuan, with growth rates of 15.8%, 10.8%, and 11.4% [2][7]. - **Earnings Per Share (EPS)**: Expected EPS for 2025, 2026, and 2027 are 1.51 yuan, 1.68 yuan, and 1.87 yuan, respectively [2][7]. - **Valuation**: The target price is set at 42 yuan, based on a 25x PE ratio for 2026 [3][6]. Market Position - Hikvision is recognized as a global leader in the security industry and a core player in smart IoT [6]. - The company has a total market capitalization of approximately 302.991 billion yuan, with a circulating market value of about 299.075 billion yuan [3]. Shareholder Returns - The company has implemented a mid-term dividend plan, enhancing shareholder returns [6].