Core Viewpoint - The company, Jizhi Co., Ltd. (300553), reported a government subsidy of 1,947,500.00 yuan, which constitutes 10.20% of its audited net profit attributable to shareholders for the fiscal year 2024, indicating a significant impact on its financials for that year [1]. Financial Performance - As of November 24, 2025, Jizhi Co., Ltd. closed at 33.08 yuan, reflecting a 1.57% increase from the previous trading day [1]. - The company's total market capitalization reached 3.672 billion yuan [1]. - The stock opened at 32.61 yuan, with a daily high of 33.15 yuan and a low of 32.30 yuan, achieving a trading volume of 39.2552 million yuan and a turnover rate of 1.41% [1]. Government Subsidy - The government subsidy received by the subsidiary, Hangzhou Diting Intelligent Technology Co., Ltd., is classified as a revenue-related government grant, which is linked to the company's regular operations but lacks sustainability [1]. - The subsidy will be recorded under other income, with the specific accounting treatment and its impact on the 2025 financial results to be determined based on the annual audit [1].

（文章来源：证券日报） 证券日报网讯 11月24日晚间，集智股份发布公告称，公司控股子公司杭州谛听智能科技有限公司于 2025年11月21日收到杭州市余杭区财政局拨付的1，947，500.00元政府补助，占公司2024年度经审计归 属于上市公司股东净利润的10.20%，补助形式为现金。 ...

格隆汇11月24日丨集智股份(300553.SZ)公布，控股子公司杭州谛听智能科技有限公司于2025年11月21 日收到杭州市余杭区财政局拨付的1,947,500.00元政府补助，占公司2024年度经审计归属于上市公司股 东净利润的10.20%，补助形式为现金。 ...

公司根据《企业会计准则第16号——政府补助》的有关规定，确认上述款项 属于与收益相关的政府补助，将上述政府补助计入其他收益科目1,947,500.00 元。上述政府补助未经审计，具体的会计处理以及对公司2025年度损益的影响须 以会计师事务所年度审计确认后的结果为准。 杭州集智机电股份有限公司 关于收到政府补助的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、获取补助的基本情况 杭州集智机电股份有限公司（以下简称"公司"）控股子公司杭州谛听智能 科 技 有 限 公 司 于 2025 年 11 月 21 日 收 到 杭 州 市 余 杭 区 财 政 局 拨 付 的 1,947,500.00 元政府补助，占公司 2024 年度经审计归属于上市公司股东净利润 的 10.20%，补助形式为现金。 上述政府补助系与收益相关的政府补助，与日常的生产经营活动相关，但不 具有可持续性。 二、补助的类型及其对上市公司的影响 | 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-069 | | --- | --- | --- | | 债券代码：123245 ...

Group 1 - The core point of the article is that Jizhi Co., Ltd. held its 16th meeting of the 5th Board of Directors on November 14, 2025, to discuss the election of audit committee members and other related documents [1] - For the fiscal year 2024, Jizhi Co., Ltd.'s revenue composition is as follows: balancing machines and accessories account for 70.35%, automation equipment for 14.73%, testing machines for 8.76%, and information systems and services for 6.16% [1] - As of the time of reporting, Jizhi Co., Ltd. has a market capitalization of 4 billion yuan [1]

杭州集智机电股份有限公司 第五届董事会第十六次会议决议公告 | 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-068 | | --- | --- | --- | | 债券代码：123245 | 债券简称：集智转债 | | 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭州集智机电股份有限公司（以下简称"公司"）第五届董事会第十六次会 议于 2025 年 11 月 14 日在公司会议室召开，经全体董事一致同意，本次董事会 会议豁免通知时限要求，会议通知于 2025 年 11 月 14 日以电话等方式发出。会 议应到董事 9 人，实到董事 9 人。公司高级管理人员列席了本次会议。本次会议 由公司董事长楼荣伟先生召集并主持。会议召开符合《中华人民共和国公司法》 （以下简称"《公司法》"）、《杭州集智机电股份有限公司章程》（以下简称 "《公司章程》"）的有关规定，合法、有效。 经与会董事充分讨论，一致通过了如下决议： 1、审议通过《关于选举审计委员会成员及推选召集人的议案》 根据《公司法》《公司章程》等相关规定，公司董事会审计委员会行使监事 会职 ...

集智股份 2025 年第二次临时股东大会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关 于 杭州集智机电股份有限公司 2025 年第二次临时股东大会 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年十一月 集智股份 2025 年第二次临时股东大会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关 于 杭州集智机电股份有限公司 2025 年第二次临时股东大会 法律意见书 致：杭州集智机电股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受杭州集智机电 ...

2025 年第二次临时股东大会决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 | 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：123245 | 债券简称：集智转债 | | 杭州集智机电股份有限公司 特别提示： 1、本次股东大会无增加、变更、否决提案的情况； 一、会议召开情况 杭州集智机电股份有限公司（以下简称"公司"）2025 年第二次临时股东 大会于 2025 年 11 月 14 日下午 14:30 在杭州市余杭区良渚街道七贤路 1-1 号杭 州集智机电股份有限公司办公楼会议室召开，本次会议采取现场投票与网络投票 结合的表决方式。其中： （1）现场会议召开时间：2025 年 11 月 14 日（星期五）下午 14:30 （2）网络投票时间：2025 年 11 月 14 日（星期五） 其中，通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 11 月 14 日上午 9:15-9:25、9:30-11:30，下午 13:00-15:00；通过深圳证券交易所 ...

Core Viewpoint - The company reported strong revenue growth in the first three quarters of 2025, but profit growth has slowed significantly due to fair value changes and declining gross margins [1][2][3]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 235 million, a year-on-year increase of 42.78%, and a net profit attributable to shareholders of 32 million, up 133.25% year-on-year [1]. - In Q3 alone, revenue was 74 million, reflecting a year-on-year growth of 26.73%, while net profit attributable to shareholders was 9 million, up 47.82% year-on-year [1]. - The gross margin for the first three quarters was 41.78%, down 2.42 percentage points year-on-year, with Q3 gross margin at 44.82%, showing a quarter-on-quarter increase but a year-on-year decline of 2.76 percentage points [1]. Expense Analysis - The company's expense ratio for the first three quarters was 32.30%, a decrease of 10.59 percentage points year-on-year, with specific rates for sales, management, R&D, and financial expenses [2]. - In Q3, the expense ratio rose to 38.99%, a year-on-year decrease of 4.93% but an increase of 13.39% quarter-on-quarter, primarily due to higher interest expenses from convertible bonds and costs associated with the Zhizhi Port Center building [2]. Growth Drivers - The company achieved significant breakthroughs in high-end domestic substitution and its "Diti" business, with the successful validation of the "DG3 High-Speed Balancing and Overspeed Testing Equipment" marking a major step in domestic technology [3]. - A strategic cooperation framework agreement was signed with an undisclosed entity to collaborate on underwater acoustic signal processing technology, indicating progress towards commercialization of new growth areas [3]. Profit Forecast - The company forecasts net profits attributable to shareholders of 53 million, 97 million, and 170 million for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 78, 43, and 24 [3].

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The company is experiencing high growth rates, driven by "domestic substitution + deep-sea technology" advancements [5] - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with revenue reaching 235 million yuan, up 42.78% year-on-year, and net profit of 32 million yuan, up 133.25% year-on-year [7] - The company has made breakthroughs in high-end domestic substitution and its "Diting" business, indicating potential for further growth [7] Financial Summary - Revenue projections for 2025 are estimated at 410 million yuan, with a year-on-year growth rate of 52.47% [6] - The projected net profit for 2025 is 53 million yuan, reflecting a significant increase of 179.47% compared to the previous year [6] - The company's earnings per share (EPS) is expected to be 0.48 yuan in 2025, with a price-to-earnings (P/E) ratio of 78.20 [6] - The company's gross margin for the first three quarters of 2025 was 41.78%, showing a year-on-year decrease of 2.42 percentage points [7]