| | | 07月31日券商推荐家数排名 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 收盘价(元) | 评级券商数量 | 行业 | | 000921 | 海信家电 | 25.69 | ব | 白色家电 | | 300416 | 苏试试验 | 16.35 | 3 | 专业服务 | | 601933 | 永辉超市 | 4.73 | 2 | 一般零售 | | 600900 | 长江电力 | 27.84 | 2 | 电力 | | 603259 | 药明康德 | 96.27 | 2 | 医疗服务 | | 688696 | 极米科技 | 113.86 | 2 | 聖色家电 | | 300750 | 宁德时代 | 264.62 | 2 | 电池 | | | | 日期：07月31日，南财投研通×南财快讯制图 | | | 首次覆盖方面，7月31日券商共给出了1次首次覆盖，其中湖南海利获得长城证券给予"买入"评级。 南财投研通数据显示，7月31日，券商给予上市公司目标价共13次，按最新收盘价计算，目标价涨幅排名居前 的公司有宁德时代、苏试试验、永辉超市，目标价涨幅分 ...

Core Viewpoint - The recent financial report of Yiwei Communication shows a significant decline in revenue and profit, indicating challenges in the business environment and operational efficiency [1][3]. Financial Performance - Total revenue for the first half of 2025 was 360 million yuan, a decrease of 24.62% year-on-year from 478 million yuan in 2024 [1]. - Net profit attributable to shareholders was 31.02 million yuan, down 68.57% from 98.69 million yuan in the previous year [1]. - The gross margin was 41.01%, a decrease of 3.74% compared to the previous year, while the net margin fell to 8.62%, down 58.3% [1]. - The total of selling, administrative, and financial expenses reached 53.41 million yuan, accounting for 14.84% of total revenue, an increase of 63.99% year-on-year [1]. Cash Flow and Assets - Cash and cash equivalents increased by 54.12% to 636 million yuan, while accounts receivable decreased by 21.09% to 179 million yuan [1]. - Operating cash flow per share was 0.15 yuan, down 47.94% year-on-year [1]. Cost Structure and Expenses - The financial expenses increased by 36.35%, attributed to fluctuations in the USD exchange rate [3]. - Research and development expenses rose by 14.14%, driven by increased certification and personnel costs [3]. - The total expenses increased significantly, impacting overall profitability [1][3]. Business Strategy and Market Outlook - The company is adapting to external changes by expanding overseas production capacity and launching new products in response to domestic regulatory changes [5]. - The implementation of new national standards for electric two-wheelers is expected to enhance the company's product offerings and market position [5]. - The company is focusing on innovative technologies and expanding its product lines, including advancements in satellite communication and AI applications [6][7]. Future Expectations - Analysts project that the company's performance for the second half of 2025 will improve, with expected revenue of 165 million yuan and earnings per share of 0.36 yuan [4]. - The company is actively exploring new markets along the Belt and Road Initiative and enhancing its collaboration with key clients in North America and other regions [5][7].

Investment Rating - The investment rating for the company is maintained at "Buy" [1] Core Views - The company experienced a revenue decline of 25% year-on-year in 1H25, with revenue of 360 million RMB and a net profit of 31 million RMB, down 69% year-on-year [1] - The company is viewed positively in the long term as a leading provider of wireless IoT devices and solutions, particularly in the context of AI opportunities [1][4] - Despite short-term order fluctuations due to tariff impacts, the company is expanding its video vehicle networking business rapidly [1][4] Financial Performance - In 2Q25, the company's revenue was 203 million RMB, a 23% year-on-year decline but a 30% increase quarter-on-quarter; net profit was 21 million RMB, down 66% year-on-year but up 117% quarter-on-quarter [1] - The overall gross margin for 1H25 was 41.01%, a decrease of 1.59 percentage points year-on-year [3] - The revenue from vehicle information intelligent terminal products was 237 million RMB, down 14% year-on-year, while asset management intelligent terminal products generated 66 million RMB, down 55% year-on-year [1] Emerging Business Opportunities - The company’s new business areas continue to show strong growth, particularly in video vehicle networking products, which saw a 90% year-on-year increase in revenue [2][4] - The company’s ECALL emergency light product has passed DGT3.0 certification, allowing entry into the Spanish and some EU markets, which is expected to drive rapid growth [4] Future Earnings Forecast - The net profit forecasts for 2025 to 2027 have been adjusted to 133 million RMB, 149 million RMB, and 165 million RMB respectively, down from previous estimates [5] - The target price for the company is set at 14.12 RMB, based on a price-to-earnings ratio of 49x for 2025 [5]

证券研究报告 移为通信 (300590 CH) 业绩短期承压，新兴业务延续开拓 2025 年 7 月 31 日│中国内地 通信设备制造 根据公司 2025 年中报，1H25 公司营收为 3.60 亿元，同比下滑 25%；归母 净利润为 0.31 亿元，符合此前业绩预告（0.30~0.39 亿元），同比下滑 69%。 其中 2Q25 单季公司营收为 2.03 亿元，同比下滑 23%，环比增长 30%；归 母净利润为 0.21 亿元，同比下滑 66%，环比增长 117%。1H25 公司业绩承 压，主要系部分订单受到关税扰动的影响。长期来看，公司作为业界领先的 无线物联网设备和解决方案提供商，我们仍然看好公司在 AI 时代的发展机 遇，维持"增持"评级。 关税扰动下订单短期波动；视频车联网业务快速开拓 分板块来看，1H25 公司车载信息智能终端产品营收 2.37 亿元，同比减少 14%；资产管理信息智能终端产品实现营收 0.66 亿元，同比减少 55%。公 司动物追踪溯源产品实现营收 0.25 万元，同比增长 22%；视频车联网业务 实现营收 0.19 亿元，同比增长 90%，实现高速增长。 综合毛利率保持韧性，费 ...

Group 1: Company Performance - Shunluo Electronics reported a net profit of 486 million yuan for the first half of 2025, a year-on-year increase of 32.03% [1] - Yiwai Communication's net profit for the first half of 2025 was 31.02 million yuan, a year-on-year decrease of 68.57% [1] - CATL achieved a net profit of 30.485 billion yuan in the first half of 2025, reflecting a year-on-year growth of 33.33% [2] - Huijia Times reported a net profit of 67.0481 million yuan for the first half of 2025, a year-on-year increase of 62.64% [15] - Zhimi Intelligent's net profit for the first half of 2025 was 102 million yuan, a year-on-year increase of 80.08% [23] Group 2: Company Announcements - Shunluo Electronics' revenue for the first half of 2025 was 3.224 billion yuan, up 19.80% year-on-year [1] - Yiwai Communication's revenue decreased to 360 million yuan, down 24.62% year-on-year [1] - CATL proposed a cash dividend of 10.07 yuan per 10 shares based on a total share capital of 4.537 billion shares [2] - Vanke A received a loan of up to 869 million yuan from Shenzhen Metro Group for debt repayment [7] - Lideman is planning to acquire up to 70% of Beijing Xiansheng Xiangrui Biological Products Co., Ltd. [8] Group 3: Industry Developments - The pharmaceutical industry is seeing advancements with Zhendong Pharmaceutical's clinical trial reaching a major research endpoint for a new product [3] - The construction industry is witnessing new orders, with Zhongyan Dadi signing 22 new contracts worth 257 million yuan in Q2 [4] - The energy sector is expanding with Hangyang Co. planning to establish a joint venture for hydrogen energy production [16] - Watson Bio signed a revised exclusive licensing agreement to expand its technology collaboration into non-patient areas [17]

| 300590 | 移为通 | 0.0675 | 3102.00 | -68.57 | 35997.08 | -24.62 | | --- | --- | --- | --- | --- | --- | --- | | | 信 | | | | | | | 002873 | 新天药 业 | 0.0236 | 576.61 | -80.99 | 35828.61 | -18.88 | | 002136 | 安纳达 | -0.1222 | -2626.78 | -158.08 | 87593.03 | -10.51 | （文章来源：证券时报网） 今日公布半年报公司一览 | 代码 | 简称 | 每股收益 | 净利润（万 | 净利润同比 | 营业收入（万 | 营业收入同比 | | --- | --- | --- | --- | --- | --- | --- | | | | （元） | 元） | （%） | 元） | （%） | | 600178 | 东安动 | 0.0167 | 392.12 | 157.75 | 247911.47 | 25.72 | | | 力 | | | | | | | 688668 | 鼎通 ...

移为通信2025半年报 ...

外资态度来看，本期较上一季度持股减少的外资基金共计1个，即香港中央结算有限公司，持股减少占 比小幅下跌。 公募基金方面，本期较上一季度新披露的公募基金共计1个，即富国中证高端制造指数增强型(LOF)A。 本期较上一季未再披露的公募基金共计1个，即兴全绿色投资混合(LOF)。 2025年7月31日，移为通信(300590.SZ)发布2025年半年度报告。截至2025年7月30日，共有6个机构投资 者披露持有移为通信A股股份，合计持股量达8600.10万股，占移为通信总股本的18.70%。其中，机构 投资者包括精速国际有限公司、信威顾问有限公司、香港中央结算有限公司、上海坤阳私募基金管理有 限公司-中环坤阳六号证券投资基金、阿布达比投资局、富国中证高端制造指数增强型(LOF)A，机构投 资者合计持股比例达18.70%。相较于上一季度，机构持股比例合计下跌了0.37个百分点。 ...

证券代码：300590 证券简称：移为通信 公告编号：2025-046 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 ■ 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 公司是否需追溯调整或重述以前年度会计数据 □是 √否 □适用 √不适用 公司是否具有表决权差异安排 □是 √否 4、控股股东或实际控制人变更情况 控股股东报告期内变更 □适用 √不适用 公司报告期控股股东未发生变更。 实际控制人报告期 ...

证券代码：300590 证券简称：移为通信 公告编号：2025-045 上海移为通信技术股份有限公司 第四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、误导性陈述或重大遗漏。 一、 监事会会议召开情况 上海移为通信技术股份有限公司（以下简称"公司"）第四届监事会第十一 次会议于 2025 年 7 月 30 日（星期三）在上海市闵行区新龙路 500 弄 30 号 6 楼会 议室以现场结合通讯的方式召开。会议通知已于会议召开 10 日前通过邮件的方式 送达各位监事。本次会议由监事会主席提议召开，应出席监事 3 人，实际出席监 事 3 人。 会议由监事会主席王晓桦女士主持，公司董事会秘书列席了本次会议。会议 召开符合《中华人民共和国公司法》《公司章程》和《监事会议事规则》的有关 规定。出席会议的监事对各项议案进行了认真审议并做出了如下决议： 二、 监事会会议审议情况 经审议，监事会认为：公司董事会编制和审核《2025 年半年度报告》及《2025 年半年度报告摘要》的程序符合法律、行政法规和中国证监会的规定，报告内容 真实、准确、完整地反映了公司的实际情况，不 ...