（责任编辑：康博） 中国经济网北京8月29日讯 先导智能(SZ:300450)今日股价涨停，截至收盘报35.51元，涨幅 20.01%，总市值556.14亿元。 ...

据证券之星公开数据整理，近期先导智能（300450）发布2025年中报。截至本报告期末，公司营业总收 入66.1亿元，同比上升14.92%，归母净利润7.4亿元，同比上升61.19%。按单季度数据看，第二季度营 业总收入35.12亿元，同比上升43.85%，第二季度归母净利润3.75亿元，同比上升456.29%。本报告期先 导智能公司应收账款体量较大，当期应收账款占最新年报归母净利润比达2782.6%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率33.75%，同比减7.03%，净利率10.82%，同比增 44.0%，销售费用、管理费用、财务费用总计7.64亿元，三费占营收比11.55%，同比增2.94%，每股净资 产7.86元，同比增4.23%，每股经营性现金流1.5元，同比增231.33%，每股收益0.48元，同比增65.52% | and the province and the same of the see | | | --- | --- | | 项目 | 2024年中报 | | 营业总收入(元) | 57.52亿 | | 归母净利润(元) | 4.59亿 | | 扣非净利润(元) | 4.48 ...

证券代码：300450 证券简称：先导智能 公告编号：2025-041 无锡先导智能装备股份有限公司 第五届监事会第十一次会议决议公告 本公司及监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、误导性陈述或者重大遗漏。 的议案》 一、监事会会议召开情况 无锡先导智能装备股份有限公司（以下简称"先导智能"或"公司"）第五 届监事会第十一次会议通知于 2025 年 8 月 18 日以专人送达、电子邮件、电话方 式发出，通知了公司全体监事。公司本次监事会会议于 2025 年 8 月 28 日在公司 会议室以现场方式召开，由监事会主席卞粉香女士召集和主持，本次会议应出席 监事 3 人，实际出席监事 3 人，公司董事会秘书列席了本次会议。公司本次监事 会会议的召集、召开以及参与表决的监事人数符合《中华人民共和国公司法》等 法律、行政法规、规范性文件和《无锡先导智能装备股份有限公司章程》的相关 规定。 二、监事会会议审议情况 经与会监事认真审议，通过了以下议案： 监事会经过审核，认为董事会编制和审核的《公司 2025 年半年度报告》和 《公司 2025 年半年度报告摘要》的程序符合相关法律、行政法规和中国 ...

Group 1 - The board meeting of Wuxi Xian Dao Intelligent Equipment Co., Ltd. was held on August 18, 2025, with all 7 directors present, complying with relevant laws and regulations [1] - The board approved the preparation of the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's operational status and results without any misleading statements or omissions [1][2] - The board also confirmed compliance with fundraising management regulations, ensuring timely and accurate disclosure of the use of raised funds, with no violations reported [2] Group 2 - The board approved the reversal of asset impairment provisions, stating that the decision was well-founded and aligned with accounting standards, providing a fair representation of the company's financial status [2][3] - The voting results for all proposals were unanimous, with 7 votes in favor and no opposition or abstentions [2][3]

Core Viewpoint - The article highlights the significant performance rebound of XianDao Intelligent, driven by advancements in solid-state battery technology and a strong recovery in financial metrics, leading to a surge in stock price and market interest [4][12]. Company Overview - XianDao Intelligent, established in 2002 and headquartered in Wuxi, Jiangsu, is a leading global player in the new energy intelligent equipment sector, providing solutions across lithium batteries, photovoltaic cells, 3C manufacturing, smart logistics, hydrogen equipment, automotive manufacturing, and laser precision processing [4][5]. - The company is the largest supplier of lithium battery intelligent equipment globally, holding a market share of 15.5%, with a 19.0% share in the Chinese market as of 2024 [4]. Development Stages - The company's development can be divided into three key phases: 1. **2002-2014**: Focused on technology accumulation and domestic substitution, starting with the development of film capacitor equipment [5]. 2. **2015-2020**: Capital assistance and business expansion, marked by its listing on the Shenzhen Stock Exchange [6]. 3. **2021-Present**: Global layout and technological leadership, becoming the only company to provide complete solutions for new energy intelligent equipment [6]. Financial Performance - Revenue showed a fluctuating trend from 2022 to 2024, with 2022 revenue at 13.93 billion yuan, increasing to 16.63 billion yuan in 2023, but dropping to 11.86 billion yuan in 2024, a decline of 28.6% [8][9]. - Net profit decreased from 2.318 billion yuan in 2022 to 286 million yuan in 2024, a significant drop of 84.9%, attributed to declining gross margins and increased administrative and R&D expenses [9]. - In 2025, the company experienced a turnaround with a revenue of 6.610 billion yuan in the first half, a year-on-year increase of 14.92%, and a net profit of 740 million yuan, up 61.19% [9]. Market Reaction - On August 29, 2023, XianDao Intelligent's stock price surged by 20.01%, closing at 35.51 yuan, with a market capitalization of 55.6 billion yuan, driven by strong second-quarter performance exceeding market expectations [12]. - The lithium battery segment, which accounts for 62.4% of revenue, benefited from increased production by leading domestic manufacturers and improved order trends [12]. Strategic Initiatives - The company has successfully developed a complete solid-state battery production line solution and has received repeat orders from major clients in Europe, the US, Japan, and South Korea [12]. - XianDao Intelligent submitted an application for a mainboard listing on the Hong Kong Stock Exchange on August 26, 2023, to enhance its global strategy and brand recognition [12]. - Overseas sales revenue grew to 2.831 billion yuan in 2024, increasing its share from 8.6% in 2022 to 24.0% [12]. Industry Outlook - The global electric vehicle market is expected to continue growing, with sales reaching 9.1 million units in the first half of 2025, a 28% increase year-on-year, positioning XianDao Intelligent for a new growth cycle [13]. - Successful listing in Hong Kong could provide stronger capital support for the company's global strategy, further solidifying its leadership in the new energy equipment sector [13].

Core Viewpoint - The stock of Xian Dao Intelligent has reached its daily limit, with a trading volume of 4.099 billion yuan and a price increase of 20% [2] Group 1: Trading Activity - The stock experienced a turnover rate of 7.71% and a price fluctuation of 13.52% throughout the day [2] - Institutional investors net bought 71.57 million yuan, while the Shenzhen Stock Connect saw a net purchase of 206 million yuan [2] - The top five trading departments accounted for a total transaction of 1.257 billion yuan, with a net purchase of 407 million yuan [2] Group 2: Institutional Involvement - Three institutional special seats were involved in trading, with a total net purchase of 71.57 million yuan [2] - The largest buying and selling department was the Shenzhen Stock Connect, with a net purchase of 206 million yuan [2][3] - In the last five days, the main funds have seen a net inflow of 409 million yuan [2] Group 3: Margin Trading Data - As of August 28, the latest margin trading balance for the stock was 1.327 billion yuan, with a financing balance of 1.324 billion yuan [3] - The financing balance increased by 13.915 million yuan over the last five days, representing a growth of 1.06% [3] - The securities lending balance decreased by 493.25 million yuan, showing a decline of 59.39% [3] Group 4: Analyst Ratings - In the last five days, two institutions rated the stock as a buy, with the highest target price set at 35.00 yuan by CICC [3]

Group 1 - The solid-state battery concept sector increased by 2.14%, ranking fifth among concept sectors, with 157 stocks rising, including significant gains from companies like XianDao Intelligent and JieBang Technology, which hit the 20% limit up [1][2] - Major inflows of capital into the solid-state battery sector amounted to 5.952 billion yuan, with 130 stocks receiving net inflows, and 17 stocks exceeding 100 million yuan in net inflows, led by Ningde Times with 1.437 billion yuan [2][3] - The top three companies by net inflow ratio were DeXin Technology, Guoxuan High-Tech, and SuTong Development, with net inflow ratios of 32.15%, 26.17%, and 19.39% respectively [3] Group 2 - The solid-state battery sector's performance was highlighted by the significant price increases of companies such as Guoxuan High-Tech and DeXin Technology, which both reached their daily limit up [1][2] - The overall market sentiment for the solid-state battery sector remains positive, as evidenced by the substantial capital inflows and the number of stocks experiencing price increases [2][3] - The sector's growth is supported by advancements in technology and increasing demand for solid-state batteries in various applications, indicating a robust outlook for the industry [1][2]

Group 1 - Sodium-ion battery concept increased by 2.41%, ranking second among concept sectors, with 85 stocks rising, including leading stocks like XianDao Intelligent and Guoxuan High-Tech reaching their daily limit [1][2] - Major inflow of funds into the sodium-ion battery sector amounted to 5.03 billion, with 68 stocks receiving net inflows, and 10 stocks exceeding 1 billion in net inflows, led by CATL with 1.44 billion [2][3] - Stocks with the highest net inflow ratios include DeChuang Environmental Protection at 30.30%, Guoxuan High-Tech at 26.17%, and GaoLe Co. at 15.29% [3][4] Group 2 - The top gainers in the sodium-ion battery sector included XianDao Intelligent with a 20% increase, Guoxuan High-Tech with a 10.02% increase, and Pudi Technology with a 10.01% increase [1][3] - The overall market performance showed a mixed trend, with some stocks like ST Yishite and Jiuri New Materials experiencing declines of 4.13% and 3.74% respectively [1][2] - The concept sectors with notable performance included military restructuring at 3.57% and graphite electrodes at 2.32%, while sectors like WiFi 6 and AI showed declines [2]

Market Overview - The Shanghai Composite Index rose by 0.37% on August 29, with 17 out of the 28 sectors experiencing gains, led by the comprehensive and electric equipment sectors, which increased by 3.86% and 3.12% respectively [1] - The electric equipment sector ranked second in terms of daily gains, while the household appliances and transportation sectors saw declines of 1.82% and 1.69% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 69.47 billion yuan across the two markets, with 7 sectors experiencing net inflows, the electric equipment sector leading with a net inflow of 3.13 billion yuan [1] - The food and beverage sector followed with a daily increase of 2.42% and a net inflow of 1.63 billion yuan [1] - A total of 24 sectors experienced net outflows, with the computer sector seeing the largest outflow of 17.30 billion yuan, followed by the electronics sector with an outflow of 13.11 billion yuan [1] Electric Equipment Sector Performance - The electric equipment sector saw a daily increase of 3.12%, with a total net inflow of 3.13 billion yuan, comprising 361 stocks, of which 162 rose and 192 fell [2] - Among the stocks in this sector, 164 experienced net inflows, with 20 stocks seeing inflows exceeding 100 million yuan, led by Ningde Times with a net inflow of 1.44 billion yuan [2] - Other notable inflows included Guoxuan High-Tech and Xian Dao Intelligent, with net inflows of 797 million yuan and 547 million yuan respectively [2] Electric Equipment Sector Outflows - The electric equipment sector also had stocks with significant net outflows, totaling 15 stocks with outflows exceeding 100 million yuan, led by Guodian Nari with an outflow of 888.48 million yuan [3] - Other notable outflows included Wolong Electric Drive and Magpow, with outflows of 320.87 million yuan and 298.02 million yuan respectively [3]

Market Overview - A-shares experienced a volatile rise, with major indices such as the Shenzhen Component Index, ChiNext Index, and CSI 300 reaching multi-year highs, while the Shanghai Composite Index and other indices showed slight gains [1] - The market turnover decreased to 2.83 trillion yuan, indicating a slight contraction in trading activity [1] Sector Performance - The defense and military, new energy vehicles, rare metals, and consumer electronics sectors saw significant gains, while logistics, semiconductors, cloud services, and education sectors faced declines [1] - The power equipment industry attracted over 14.7 billion yuan in net inflows, with non-ferrous metals and pharmaceutical sectors also receiving over 8 billion yuan each [1] Investment Trends - The computer sector experienced a net outflow of over 10.8 billion yuan, while the electronics sector saw a net outflow of over 7.3 billion yuan [1] - Real estate and telecommunications sectors also faced net outflows exceeding 2 billion yuan [1] Defense and Military Sector - The defense and military concept saw a resurgence, with the ground equipment sector leading the gains, and the index rising from 2% to over 6% in the last hour of trading [2] - Notable stocks such as Beifang Changlong and Changcheng Military both hit the 20% limit up in the final minutes of trading [2] New Energy Vehicle Sector - The new energy vehicle sector continued its strong performance, reaching a new phase high, with several stocks hitting their daily limit [2] - The China Passenger Car Association raised its forecast for 2025 passenger car retail sales to 24.35 million units, a 6% year-on-year increase, and adjusted the export forecast to 5.46 million units, a 14% increase [2] - In the new energy vehicle segment, wholesale sales are expected to reach 15.48 million units in 2025, reflecting a 27% year-on-year growth, with a market penetration rate projected to reach 56% [2]