证券日报网讯康斯特（300445）9月1日发布公告，在公司回答调研者提问时表示，国内主要竞争来自小 品牌低价产品，但公司不参与价格战。公司坚持高端化策略，避开低毛利竞争，通过产品性能、智能化 体验和技术优势维持差异化。 ...

Core Insights - The company, 康斯特, announced on September 1 that its product export competitiveness lies in product quality, with major overseas competitors being FLUKE from the USA, Druck from the UK, and WIKA from Germany [2] - Due to the impact of US policies, the company has shifted its non-US international operations to a new center in Singapore, while some clients are placing orders at both the US and Singapore operations due to testing certificate requirements [2]

证券日报网讯康斯特（300445）9月1日发布公告，在公司回答调研者提问时表示，全年收入测算目标维 持6.5亿元，利润在逐步修复。国内业务受高端市场支撑稳健，出口受关税政策扰动。利润端面临人力 成本上升和低毛利产品压力，但高毛利产品放量有望部分对冲。若美国关税税率从55%降至30%，出口 影响将大幅减弱。公司坚持做最好产品，保证产品品质和质量，注重前期口碑，研发投入强度还会保持 绝对值增长，相对值在合理范围，方向主要是包括主业仪表新产品和传感器相关业务开发。 ...

Core Insights - The international pharmaceutical industry's demand for testing equipment is significantly higher than that of the domestic market [1] - The U.S. market primarily consists of oil and pharmaceutical companies, focusing on precision testing scenarios in production lines and laboratories [1] - In the first half of the year, the international business concentrated on fulfilling existing orders, with the U.S. and Americas accounting for approximately 54% of the market share [1] Impact of Tariff Policies - The introduction of tariff policies in April led to a noticeable impact on new orders, with high tariffs making prices unacceptable for customers [1] - The company is mitigating pressure by sharing tariff costs with distributors and customers, and accelerating the transfer of non-U.S. business operations to a new center in Singapore [1] Market Performance - The European and Asia-Pacific markets are experiencing good growth despite challenges in the U.S. market [1]

Group 1 - The company reported a focus on high-end product replacement and an increase in demand in niche markets during the first half of the year [1] - The expansion into non-US export markets has been a significant aspect of the company's growth strategy [1] - The leading downstream industries for the company are measurement and testing, electricity, and the rapidly growing sensor and instrument sector [1]

证券日报网讯康斯特（300445）9月1日发布公告，在公司回答调研者提问时表示，全球市占率仍在保持 增长，但卷价格不是公司的策略，公司选择的是高质量增长策略。同时，在国内市场公司避免与国内同 行低价竞争，会从区域、行业、大客户管理及拓展等方面提升市场占有率。 ...

Core Viewpoint - The company, 康斯特, announced on September 1 that it is currently producing approximately 10,000 high-end sensors per year, while it uses around 30,000 pressure sensors annually, indicating a supply chain dependency that will be addressed as production capacity increases [1] Group 1 - The main difficulty in producing high-end sensors lies in the control of materials and processes [1] - The company is working towards achieving self-sufficiency in sensor production, which is expected to gradually resolve supply chain dependencies once production capacity is established [1]

证券日报网讯康斯特（300445）9月1日发布公告，在公司回答调研者提问时表示，压力全自动产品比传 统的手动泵和表的解决方案要更好，因此公司现在主推高端产品，并且推出自动化、智能化功能较多且 相对方便的产品。 ...

Group 1: Market Demand and Business Strategy - Domestic downstream capital expenditure is under pressure, but there are structural opportunities in certain high-end sectors [1] - The company is focusing on high-end product replacement and expanding non-US international business [1] - The company avoids price wars and maintains a high-end strategy to differentiate through product performance and technology [3] Group 2: Product and Export Performance - High-margin products include fully automatic pressure products, which outperform traditional manual solutions [4] - The company has shifted non-US international business to a Singapore operation center due to US tariff impacts, with the US market accounting for approximately 54% of international business [6] - The company aims for a revenue target of 650 million yuan for 2025, with profit gradually recovering despite pressures from rising labor costs and low-margin products [9] Group 3: Market Share and Competition - The company is focused on quality growth rather than price competition, aiming to increase market share through regional and industry management [7][8] - The company is exploring mergers and acquisitions in the instrument and related fields, although current valuations are a challenge [10] Group 4: Sensor Production and Development - The company currently produces about 10,000 high-end sensors annually, with plans to increase self-sufficiency in the future [11] - The company is working on domestic chip production, targeting full supply chain localization within 3 to 5 years [14] - The pressure transmitter product is in the sample stage, targeting high-end process industries, with a launch expected by the end of 2026 [14]

截至2025年8月26日收盘，康斯特股价报19.41元，较前一交易日下跌0.51元，跌幅2.56%。当日成交量 为69217手，成交金额1.36亿元。 康斯特属于仪器仪表行业，主营业务为数字检测仪器仪表产品的研发、生产和销售。公司主要产品包括 数字压力检测、过程信号检测和温湿度检测等产品。 根据公司披露的2025年半年度报告，上半年实现营业收入2.46亿元，同比增长3.76%；归母净利润 5412.95万元，同比下降7.71%。报告期内，公司国际市场营收1.27亿元，同比增长3.2%；国内市场营收 1.19亿元，同比增长4.4%。 资金流向方面，8月26日主力资金净流出441.26万元，占流通市值的0.16%。近五个交易日主力资金累计 净流入506.58万元，占流通市值的0.18%。 风险提示：以上内容仅供参考，不构成投资建议。股市有风险，投资需谨慎。 ...