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].

Group 1 - The core viewpoint of the article highlights the performance and growth potential of various companies in different sectors, emphasizing their financial results and strategic initiatives [5][7][8]. Group 2 - 中油工程 (China Oil Engineering) reported a total revenue of 36.3 billion yuan for H1 2025, a year-on-year increase of 12.2%, but a net profit of 470 million yuan, down 10.9% year-on-year. The company is expected to benefit from the "Belt and Road" initiative and the petrochemical industry's international cooperation [5]. - 许继电气 (XJ Electric) experienced a revenue decline of 5.68% to 6.447 billion yuan in H1 2025, while net profit increased by 0.96% to 634 million yuan. The company is expanding its international market presence amid ongoing ultra-high voltage construction in China [5]. - 同飞股份 (Tongfei Co., Ltd.) is poised for growth due to increasing demand for liquid cooling technology in data centers, driven by the rise of AI and green development [5]. - 东华测试 (Donghua Testing) achieved a revenue of 283 million yuan in H1 2025, a 2.44% increase, with a net profit of 76 million yuan, up 2.80%. The company is focusing on the humanoid robot sector [7]. - 中微公司 (Zhongwei Company) expects H1 2025 revenue to be approximately 4.961 billion yuan, a year-on-year increase of about 43.88%, with net profit projected between 680 million and 730 million yuan, reflecting a growth of 31.61% to 41.28% [7]. - 天融信 (Tianrongxin) reported a revenue of 826 million yuan in H1 2025, down 5.38%, but net loss narrowed to 65 million yuan from 206 million yuan in the previous year. The company showed improvement in Q2 with a revenue of 491 million yuan, up 8.72% [7]. - 泡泡玛特 (Pop Mart) achieved a revenue of 13.88 billion yuan in H1 2025, a significant increase of 204.4%, with a gross profit of 9.76 billion yuan and a gross margin of 70.3%, up 6.3 percentage points. The adjusted net profit reached 4.71 billion yuan, a 362.8% increase [8].

（文章来源：证券日报） 证券日报网讯 8月22日晚间，东华测试发布公告称，公司第六届董事会第九次会议审议通过了《关于设 立分公司的议案》。 ...

Group 1 - The company announced the establishment of branch offices in Wuhan and Xi'an [1] - The Wuhan branch completed its business registration on August 21, 2025, and obtained a business license from the local administrative approval bureau [1] - The decision was made during the sixth board meeting on August 20, 2025 [1]

证券代码：300354 证券简称：东华测试 公告编号：2025-044 江苏东华测试技术股份有限公司 第六届董事会第九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 江苏东华测试技术股份有限公司（以下简称"公司"）于2025年8月20日在 公司会议室以现场与通讯相结合方式召开了第六届董事会第九次会议，会议通知 及相关资料于2025年8月16日通过邮件方式发出。本次董事会会议应出席董事7 名，实际出席董事7名。会议由董事长刘士钢主持，公司高级管理人员列席了会 议。会议的召集及召开程序符合《中华人民共和国公司法》及《公司章程》的规 定。 二、董事会会议审议情况 审议结果：赞成7票；反对0票；弃权0票，通过。 三、备查文件 1.经与会董事签字的第六届董事会第九次会议决议； 2.第六届董事会战略委员会会议决议。 1 特此公告。 经与会董事认真审议与表决，形成了以下决议： 1、审议通过《关于设立分公司的议案》 公司基于整体发展规划，拟设立江苏东华测试技术股份有限公司武汉分公司、 西安分公司。本次设立分公司有利于公司实现整体发展规划 ...