证券代码：300354 证券简称：东华测试 公告编号：2025-047 江苏东华测试技术股份有限公司 关于控股股东、实际控制人及其一致行动人减持股份 触及1%整数倍暨减持计划实施完成的公告 公司控股股东刘士钢先生及其一致行动人罗沔女士、刘沛尧先生、王瑞先生、 瞿喆女士保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 江苏东华测试技术股份有限公司（以下简称"公司"）于2025年6月24日在 巨潮资讯网（www.cninfo.com.cn）上披露了《关于控股股东及一致行动人减持 股份预披露的公告》（公告编号：2025-035）。 公司控股股东、实际控制人刘士钢先生及其一致行动人罗沔女士、刘沛尧先 生、王瑞先生、瞿喆女士计划自上述公告披露之日起15个交易日后的3个月内（即 2025年7月16日至2025年10月15日）以集中竞价交易方式或大宗交易方式减持本 公司股份合计不超过2,840,000股（占公司总股本比例2.0532%，占剔除回购专用 账户股份后公司总股本的2.0577%）。 公司于2025年8月27日在巨 ...

Core Viewpoint - Donghua Testing (300354.SZ) announced a share reduction plan by its controlling shareholder Liu Shigang and his concerted actors, which involves a total reduction of up to 2,840,000 shares, accounting for 2.0532% of the company's total share capital [1][4]. Share Reduction Details - Liu Shigang and his concerted actors reduced their holdings from August 20 to August 26, 2025, selling a total of 1,288,000 shares through block trading (0.9312%) and 736,700 shares through centralized bidding (0.5326%), totaling 202,470 shares [2][3]. - The weighted average price during this period was 44.412 yuan per share, resulting in total proceeds of approximately 89,920,976.4 yuan [2]. Shareholding Changes - Following the share reduction, the combined shareholding of Liu Shigang and his concerted actors decreased from 54.8682% to 53.4044%, and from 54.9875% to 53.5205% when excluding shares in the repurchase account [3][4]. Company Control and Impact - The share reduction aligns with previously disclosed intentions and will not lead to a change in control of the company or affect its ongoing operations [4]. Financial Performance - Donghua Testing reported significant growth in financial metrics for 2024, with operating revenue reaching approximately 502.22 million yuan, a 32.79% increase from 2023 [6]. - The net profit attributable to shareholders was approximately 121.88 million yuan, reflecting a 38.90% increase compared to the previous year [6]. - The net cash flow from operating activities surged to approximately 38.42 million yuan, marking an increase of 831.88% from 2023 [6].

北京市君致律师事务所 法律意见书 北京市君致律师事务所 关于江苏东华测试技术股份有限公司 第一期员工持股计划的 法 律 意 见 书 君致法字 2025239 号 北京市东城区北三环东路 36 号环球贸易中心 B 座 11 层 邮编（100013） Add: 11/F, Tower B, Global Trade Center, No.36 North Third Ring Road East, Dongcheng District, Beijing, 100013, PRC Tel: 010-52213236/7 www.junzhilawyer.com 北京市君致律师事务所 法律意见书 北京市君致律师事务所 关于江苏东华测试技术股份有限公司 第一期员工持股计划 的法律意见书 致：江苏东华测试技术股份有限公司 北京市君致律师事务所（以下简称"本所"）接受江苏东华测试技术股份有 限公司（以下简称"东华测试"）的委托，根据《中华人民共和国公司法》（以 下简称"《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"） 《关于上市公司实施员工持股计划试点的指导意见》（以下简称"《指导意见》"） 《深圳证券交易 ...

Summary of Key Points Core Viewpoint - Donghua Testing executed a block trade on August 27, with a total of 412,000 shares traded at a price of 42.65 yuan, representing a discount of 9.43% compared to the market closing price of 47.09 yuan, with a total transaction value of 17.57 million yuan [1]. Trading Details - The block trade involved multiple transactions, with the following details: - 15.20 million shares at 42.65 yuan, totaling 648.28 thousand yuan, executed by an institutional buyer [2]. - 5.40 million shares at 42.65 yuan, totaling 230.31 thousand yuan, executed by an institutional buyer [2]. - 8.70 million shares at 42.65 yuan, totaling 371.06 thousand yuan, executed by an institutional buyer [2]. - 5.10 million shares at 42.65 yuan, totaling 217.52 thousand yuan, executed by an institutional buyer [2]. - 6.80 million shares at 42.65 yuan, totaling 290.02 thousand yuan, executed by an institutional buyer [2].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 8月26日，东华测试（维权）收涨4.70%，收盘价为46.36元，发生20笔大宗交易，合计成交量128.8万 股，成交金额5303.96万元。 第1笔成交价格为41.18元，成交4.90万股，成交金额201.78万元，溢价率为-11.17%，买方营业部为机构 专用，卖方营业部为国泰海通证券股份有限公司泰州鼓楼南路第二证券营业部。 第2笔成交价格为41.18元，成交4.90万股，成交金额201.78万元，溢价率为-11.17%，买方营业部为机构 专用，卖方营业部为国泰海通证券股份有限公司泰州鼓楼南路第二证券营业部。 第3笔成交价格为41.18元，成交7.00万股，成交金额288.26万元，溢价率为-11.17%，买方营业部为招商 证券股份有限公司西安北大街证券营业部，卖方营业部为国泰海通证券股份有限公司泰州鼓楼南路第二 证券营业部。 第4笔成交价格为41.18元，成交4.90万股，成交金额201.78万元，溢价率为-11.17%，买方营业部为机构 专用，卖方营业部为国泰海通证券股份有限公司泰州鼓楼南路第二证券营业部。 第8笔成交价格为41 ...

Core Viewpoint - Donghua Testing conducted a total of 20 block trades on August 26, with a total trading volume of 1.288 million shares and a total transaction amount of 53.0396 million yuan, reflecting a discount of 11.17% compared to the closing price of the day [2][3] Trading Summary - The average transaction price for the block trades was 41.18 yuan, which is 11.17% lower than the closing price of 46.36 yuan on the same day [2] - Institutional proprietary seats participated in 14 of the trades, with a total transaction amount of 35.744 million yuan and a net purchase of 35.744 million yuan [2] - The stock closed at 46.36 yuan, up 4.70% for the day, with a turnover rate of 19.37% and a total transaction amount of 724 million yuan [2] - The net inflow of main funds for the day was 28.2222 million yuan, and the stock has increased by 6.57% over the past five days, with a total net inflow of 21.3262 million yuan [2]

| | | | | | | | HITAHINAHA | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 南路第二证券营业 | | 2025-08-26 | 300354 | 东华测试 | 41.18 | 7.00 | 288.26 | 浙商证券股份有限 | 国泰海通证券股份 | | | | | | | | 公司上海长乐路证 | 有限公司泰州鼓楼 | | | | | | | | 券营业部 | 南路第二证券营业 | | 2025-08-26 | 300354 | 东华测试 | 41.18 | 7.30 | 300.61 | 机构专用 | 圆泰海通证券股份 | | | | | | | | | 有限公司泰州鼓楼 | | | | | | | | | 南路第二证券营业 | | 2025-08-26 | 300354 | 东华测试 | 41.18 | 7.00 | 288.26 | 申万宏源西部证券 | 圆泰海通证券股份 | | | | | | | | 有限公司乌鲁木齐 | 有限公司泰州鼓楼 | | | | | | | | 北京路证券营业 ...

Core Viewpoint - Jiangsu Donghua Testing Technology Co., Ltd. has approved the establishment of branch offices in Wuhan and Xi'an to enhance its strategic layout and market expansion [1][3]. Summary by Sections Wuhan Branch - The Wuhan branch completed its business registration on August 21, 2025, and obtained a business license from the administrative approval bureau of Hongshan District, Wuhan [2]. Xi'an Branch - The Xi'an branch will operate within the business scope related to the parent company, with specific details subject to approval by market supervision authorities. The establishment of this branch is expected to support the company's overall development plan, optimize strategic layout, expand regional markets, attract high-end talent, and enhance the company's overall strength and core competitiveness [3]. General Information - The announcement regarding the establishment of the branches was made on August 22, 2025 [4].

Market Overview - The A-share market has shown strong performance, breaking through last year's high, with expectations for continued upward movement supported by reasonable valuations and new positive factors such as a potential interest rate cut by the Federal Reserve and a recovery in public fund issuance [2][3] - The weighted REITs index has decreased by 1.52% during the week of August 18-22, 2025, indicating a downward trend in the secondary market prices of publicly listed REITs [2] Credit Bonds - A total of 375 credit bonds were issued from August 18 to August 22, 2025, with a total issuance scale of 376.74 billion, reflecting a week-on-week increase of 12.45% [3] - The total transaction volume of credit bonds reached 1,286.40 billion, up 16.04% week-on-week, with commercial bank bonds, corporate bonds, and medium-term notes being the top three in transaction volume [3] Convertible Bonds - The CSI Convertible Bond Index increased by 2.8% during the week, with a year-to-date increase of 17.9%, slightly below the equity market performance [4] - Current valuations of convertible bonds are close to or exceed historical highs, yet the equity market remains robust, suggesting continued strong performance in the convertible bond market [4] High-end Manufacturing - Exports of engineering machinery maintained double-digit growth, with excavators, tractors, and mining machinery showing year-on-year increases of 24%, 30%, and 25% respectively [6] - The report suggests focusing on companies like QuanFeng Holdings, JuXing Technology, and Xugong Machinery due to their strong export performance [6] TMT Sector - The company SUTENG has seen rapid growth in its robotics business, indicating a successful strategic transformation [6] - The report highlights the importance of SUTENG's self-research technology and its competitive advantages in the ADAS and robotics ecosystem [6] Agriculture, Forestry, Animal Husbandry, and Fishery - The report notes a slight decline in pig prices, with the average price of live pigs at 13.75 yuan/kg, down 0.07% week-on-week [6] - The government has initiated pork storage measures to boost market sentiment, suggesting a potential recovery in pig prices [6] Medical and Biological Sector - The report recommends increasing allocations to the medical device sector, highlighting undervalued companies in Hong Kong and those with strong growth potential [7] - Companies like Weikang Medical and Mindray Medical are noted for their robust growth and research capabilities [7] Petrochemical Sector - The report indicates a significant market opportunity for the renovation of old refineries, with companies like Sinopec Engineering and PetroChina Engineering expected to benefit [7] - The report emphasizes the trend of "de-involution" in the refining industry, which may lead to a substantial market for dismantling and renovation [7] Basic Chemicals - The second phase of phosphate fertilizer export quotas has been allocated, with leading companies expected to benefit from high overseas prices [7] - The report anticipates continued high demand for high-grade phosphate rock in the short to medium term [7] Non-Banking Financials - AIA Insurance has seen new business value reach new highs, with stable growth in operating profits [10] - The report adjusts profit forecasts for AIA for 2025-2027, maintaining a "buy" rating [10] Real Estate - The property management sector shows steady growth, with a stable dividend outlook from companies like Yuexiu Services [10] - The report notes a slight decline in net profit but maintains a positive outlook due to strong project delivery from related companies [10] Electric New Energy - The report highlights the growth potential in the energy storage battery sector, with companies like Yiwei Lithium Energy expected to benefit from increased demand [24] - The company has adjusted its profit forecasts for 2025, reflecting a strong competitive position in the market [24] Textile and Apparel - The report indicates a decline in profit margins for companies like Li Ning, despite revenue growth [34] - The company is expected to maintain a strong brand presence, with a "buy" rating maintained [34]

Core Viewpoint - The company reported steady growth in revenue and net profit for the first half of 2025, indicating resilience in its core business despite some challenges in specific segments [3][4]. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 283 million yuan, a year-on-year increase of 2.44%, and a net profit attributable to shareholders of 76 million yuan, up 2.80% year-on-year [3]. - For Q2 2025, the company recorded revenue of 174 million yuan, reflecting a year-on-year growth of 1.34%, and a net profit of 48 million yuan, which is a 1.14% increase year-on-year [3]. - The net cash flow from operating activities turned positive, amounting to 804,000 yuan, compared to a negative figure in the previous year [3]. Group 2: Business Segments - The structural mechanics performance testing and analysis system generated revenue of 194 million yuan, up 2.35% year-on-year, while the electrochemical workstation revenue reached 28 million yuan, growing by 10.33% year-on-year [4]. - The gross margins for the structural mechanics testing system and electrochemical workstation were 69.62% and 67.83%, respectively, showing improvements of 3.30 and 2.93 percentage points compared to the same period last year [4]. - Revenue from the structural safety online monitoring and defense equipment PHM system declined slightly to 35 million yuan, down 13.03% year-on-year, with a gross margin of 64.99%, a decrease of 0.46 percentage points from the previous year [4]. Group 3: Technological Development - The company has a mature six-dimensional force sensor technology, currently in small batch trial production, with applications in industrial robots, humanoid robots, aerospace, automotive, electronics, and medical fields, indicating potential growth in the humanoid robot sector [5]. - In 2024, the Donghua Calibration Laboratory will become one of the first CNAS laboratories in China capable of testing multi-dimensional force/torque sensors for robots, enhancing the company's technological capabilities [5]. Group 4: Future Plans - The company announced a private placement plan to raise up to 150 million yuan, primarily for upgrading its intelligent measurement and control industry (105 million yuan) and supplementing working capital (45 million yuan) [7]. - The intelligent measurement and control industry upgrade project aims to enhance existing facilities and introduce advanced production equipment, which will support business growth and improve product technology and quality [7].