Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to benefit significantly from the large-size silicon carbide and space photovoltaic industrialization [1] - The company's performance is in line with expectations, with a projected net profit for 2025 of 1.007 billion yuan, a year-on-year decrease of 59.89% [1] - The demand for space and overseas photovoltaic equipment is strong, positioning the company to benefit from this trend [1] - The company has planned a total production capacity of 900,000 silicon carbide substrates, with new applications opening up for 12-inch substrates [1] - The company is positioned as a leader in providing integrated solutions for silicon wafers, advanced packaging, and advanced processes [1] - The profit forecast for 2025-2027 is maintained at 1 billion, 1.2 billion, and 1.5 billion yuan respectively, corresponding to a current PE of 61, 49, and 40 times [1] Financial Summary - Total revenue for 2023 is projected at 17.983 billion yuan, with a year-on-year growth of 69.04% [1] - The net profit attributable to the parent company for 2024 is expected to be 2.51 billion yuan, with a year-on-year decrease of 44.93% [1] - The latest diluted EPS for 2025 is projected at 0.77 yuan per share [1] - The company’s market capitalization is approximately 61.443 billion yuan, with a price-to-book ratio of 3.52 [5]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is expected to benefit significantly from the large-size silicon carbide and space photovoltaic industrialization [1] - The company's performance in 2025 is projected to meet expectations, with a forecasted net profit of 1.007 billion yuan, a year-on-year decrease of 59.89% [1] - The demand for space and overseas photovoltaic equipment is strong, positioning the company to benefit from this trend [1] - The company has planned a total production capacity of 900,000 silicon carbide substrates, with new applications opening up for 12-inch substrates [1] - The company is positioned as a leader in providing integrated solutions for silicon wafers, advanced packaging, and advanced processes [1] Financial Summary - Total revenue for 2023 is projected at 17.983 billion yuan, with a year-on-year growth of 69.04% [1] - The net profit attributable to the parent company for 2025 is forecasted at 1.007 billion yuan, down from 2.510 billion yuan in 2024 [1] - The earnings per share (EPS) for 2025 is expected to be 0.77 yuan, with a price-to-earnings (P/E) ratio of 61.04 based on the current price [1] - The company’s gross margin is expected to decline to 24.79% in 2025, with a net profit margin of 8.36% [8]

南方财经1月30日电，培育钻石板块走弱，黄河旋风触及跌停，曼卡龙、力量钻石、惠丰钻石、晶盛机 电、四方达、楚江新材等跟跌。 ...

丨2026年1月30日星期五丨 1月29日，罗博特科公告称，预计2025年归属于上市公司股东的净利润为-9000万元至-6000万元。受下 游光伏行业阶段性及结构性供需压力加剧的影响，2025年公司光伏业务板块经营持续承压，需求乏力， 其营收规模同比大幅下降，毛利润水平也相应大幅下滑。2025年5月公司完成了对ficonTEC的收购，随 着硅光技术的不断发展，为了满足下游市场的需求，本报告期内ficonTEC配合重点客户开发了多项具有 广阔发展前景的新技术应用，使得报告期内的设备交付周期变长，导致实现收入未达预期；同时生产周 期拉长，使得设备成本提高。此外，ficonTEC基于应对下游产能需求，本期研发投入加大，且由于提升 生产规模、服务能力、管理团队等因素，相关费用亦有所上升。 NO.1 晶盛机电：2025年净利同比预降50%-65% 点评：罗博特科的这份亏损预告，揭示了公司正处于"新旧动能切换"的关键阵痛期。一方面，光伏行业 的周期性寒冬对公司传统业务造成了直接冲击，营收与毛利的双重下滑显示了主业面临的严峻挑战；另 一方面，被寄予厚望的收购标的ficonTEC虽然站位前沿的硅光赛道，但目前正处于"高投入、 ...

晶盛机电（300316）(300316.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润8.78亿 元至12.55亿元，同比下降50%–65%;扣除非经常性损益后的净利润6.58亿元至9.75亿元，同比下降 60.35%–73.22%。 ...

Core Viewpoint - The company Jing Sheng Mechanical & Electrical (300316.SZ) forecasts a significant decline in net profit for the fiscal year 2025, primarily due to cyclical fluctuations in the photovoltaic industry and reduced demand for its products [1] Financial Performance - The projected net profit attributable to shareholders is expected to be between 878 million and 1.255 billion yuan, representing a year-on-year decrease of 50% to 65% [1] - The net profit after deducting non-recurring gains and losses is anticipated to be between 658 million and 975 million yuan, reflecting a year-on-year decline of 60.35% to 73.22% [1] Business Impact - The decline in the photovoltaic business's gross profit is estimated to be around 2.2 billion to 2.6 billion yuan compared to the previous year, driven by decreased demand for photovoltaic equipment and falling prices of materials such as quartz crucibles and diamond wires [1] - The company has also reduced its credit impairment provisions by approximately 400 million yuan compared to the previous year, contributing to the overall decline in operating performance [1] Non-recurring Gains and Losses - For the fiscal year 2025, the impact of non-recurring gains and losses on net profit is expected to be between 220 million and 280 million yuan [1]

智通财经APP讯，晶盛机电(300316.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润 8.78亿元至12.55亿元，同比下降50%–65%;扣除非经常性损益后的净利润6.58亿元至9.75亿元，同比下降 60.35%–73.22%。 ...

南财智讯1月29日电，晶盛机电发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 87840.55万元—125486.50万元，同比预减50.00%—65.00%；预计2025年全年归属于上市公司股东的扣 除非经常性损益的净利润为65840.55万元—97486.50万元，同比预减60.35%—73.22%。报告期内，受光 伏行业周期性波动影响，公司光伏装备需求下滑，石英坩埚、金刚线等材料价格下降，导致公司光伏业 务毛利相较上年减少约22亿元—26亿元，公司计提信用减值相较上年减少约4亿元，综合导致经营业绩 的同比下滑。2025年度，预计非经常性损益对净利润的影响金额约为2.2亿元至2.8亿元。 ...

证券代码：300316 证券简称：晶盛机电 编号：2026-008 浙江晶盛机电股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 半导体装备领域，公司积极推进半导体关键设备的研发和市场拓展，加速大 尺寸碳化硅相关装备的研发和产业化进程，进一步提升碳化硅产业链的装备协同 能力。半导体材料领域，公司完成12英寸碳化硅衬底关键技术突破，并建设加工 中试线，加快推进碳化硅衬底片海外产能布局，抢抓第三代半导体材料市场机遇； 不断提高石英坩埚产品品质及服务能力，石英坩埚市场份额持续提升。半导体精 密零部件领域，公司加强核心零部件国产化的延伸布局，持续深化与产业链核心 客户的合作，不断提升产品供应与综合服务能力，紧抓半导体产业链国产化提速 的行业趋势，公司半导体精密零部件业务实现产业规模快速提升，市场竞争力持 续增强。 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日 2、预计的业绩：同向下降 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司 股东的净利 ...

浙江晶盛机电股份有限公司 对外担保管理制度 第四条 公司对外担保实行统一管理，未经公司审议程序批准，全资子公司 及控股子公司不得对外提供担保，不得相互提供担保。公司对外担保应当遵循合 法、审慎、互利、安全的原则，严格控制担保风险。 第二章 对外担保对象的审查 浙江晶盛机电股份有限公司 对外担保管理制度 第一章 总 则 第一条 为了规范浙江晶盛机电股份有限公司（以下简称"公司"）的对外担 保行为，有效控制公司对外担保风险，维护广大股东的合法权益，根据《中华人 民共和国公司法》《中华人民共和国证券法》《上市公司监管指引第 8 号—上市 公司资金往来、对外担保的监管要求》《深圳证券交易所创业板股票上市规则》 《深圳证券交易所创业板上市公司自律监管指引第 2 号—创业板上市公司规范 运作》等法律、法规、规范性文件及业务规则和《浙江晶盛机电股份有限公司章 程》（以下称"《公司章程》"）的规定，结合公司实际情况，制定本制度。 第二条 本制度所称对外担保是指公司为他人提供的担保，是指公司以第三 人的身份为债务人对于债权人所负的债务提供担保，当债务人不履行债务时，由 公司按照约定履行债务或者承担责任的行为。具体种类包括借款担 ...