证券之星消息，9月1日光伏设备板块较上一交易日上涨0.61%，迈为股份领涨。当日上证指数报收于 3875.53，上涨0.46%。深证成指报收于12828.95，上涨1.05%。光伏设备板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600438 | 通威股份 | 2.30 Z | 6.91% | 8995.85万 | 2.70% | -3.20 Z | -9.61% | | 688472 | 阿特斯 | 9287.92万 | 7.72% | -2530.08万 | -2.10% | -6757.84万 | -5.61% | | 002506 协鑫集成 | | 5623.10万 | 10.39% | -2823.20万 | -5.22% | -2799.90万 | -5.17% | | 300724 捷佳伟创 | | 5029.05万 | 1.23% | -340.86万 | -0.08% | -4 ...

Major solar module companies are reporting diverging 1H25 results so far, with LONGi and Trina (largely in line with profit warning) reporting better QoQ operating income while Trina Solar worsened. From the results briefing so far, CSI Solar cut 3Q25 module shipment target to 5-5.3GW from 2Q 8GW to reduce production, and expects more small companies to exit in 2026. Trina Solar thinks there is strong policy support on anti- involution and expects prices rising above total cost in 2H25. Both companies are r ...

每经AI快讯，中国银河8月29日发布研报称，给予迈为股份（300751.SZ，最新价：90.36元）推荐评 级。评级理由主要包括：1）单Q2归母净利润环比+43%，光伏海外业务及半导体等业务推动毛利率提 升；2）反内卷高层定调，与行业自律性反内卷有本质区别，光伏行业产业格局有望得到优化，板块估 值有望迎筑底向上；3）拟发行可转债募集约19.67亿元用于投资钙钛矿叠层项目。风险提示：光伏政策 变动风险；市场竞争加剧风险；应收账款坏账风险；汇率波动风险。 （记者 王晓波） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 ...

| 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 835670 | 数字人 | 14.01 | 25.34 | 15.83 | 17.41 | 10.00 | | 688036 | 传音控 股 | 3.12 | 1.24 | 85.52 | 86.64 | 1.31 | | 000638 | *ST万方 | 1.29 | 5.95 | 4.67 | 4.72 | 0.98 | | 300880 | 迦南智 能 | 2.60 | 5.20 | 21.14 | 21.32 | 0.86 | | 600131 | 国网信 通 | 1.13 | 1.48 | 18.65 | 18.74 | 0.50 | | 300316 | 晶盛机 | 0.54 | 1.54 | 29.82 | 29.96 | 0.46 | | 电 | | | | | | | | 603871 | 嘉友国 | 5.01 | 3.14 | ...

Core Viewpoint - On August 25, 2023, brokerage firms provided target prices for listed companies, with notable increases in target prices for companies in the agriculture, coal mining, and construction materials sectors, indicating potential investment opportunities in these industries [1][2]. Target Price Increases - The companies with the highest target price increases were: - Longping High-Tech (隆平高科) with a target price increase of 38.75% to 14.00 CNY [2] - Xinji Energy (新集能源) with a target price increase of 37.40% to 9.00 CNY [2] - Beixin Building Materials (北新建材) with a target price increase of 36.57% to 36.90 CNY [2] Brokerage Recommendations - A total of 163 listed companies received brokerage recommendations on August 25, with notable mentions: - Shede Liquor (舍得酒业) received 4 recommendations [4] - Shuiyang Co. (水羊股份) and Marubi Biotechnology (丸美生物) each received 3 recommendations [4] Rating Adjustments - One company had its rating upgraded: - Guodian Power (国电电力) was upgraded from "Hold" to "Buy" by Huayuan Securities [5] - Three companies had their ratings downgraded: - Minhe Livestock (民和股份) from "Buy" to "Hold" [6] - Chifeng Gold (赤峰黄金) from "Buy" to "Hold" [6] - Silan Microelectronics (士兰微) from "Buy" to "Hold" [6] First-Time Coverage - Seven companies received first-time coverage with positive ratings: - Ganhua Science and Technology (甘化科工) received a "Buy" rating from Dongwu Securities [7] - Wangneng Environment (旺能环境) received a "Buy" rating from Xinda Securities [7] - Yingliu Co. (应流股份) received an "Increase" rating from Shanxi Securities [7] - New Clean Energy (新洁能) received an "Increase" rating from Industrial Securities [7] - Weijian Medical (稳健医疗) received a "Buy" rating from Northeast Securities [7]

天眼查商业履历信息显示，苏州迈为科技股份有限公司，成立于2010年，位于苏州市，是一家以从事研 究和试验发展为主的企业。企业注册资本27940.5006万人民币，实缴资本2602.2284万人民币。公司法定 代表人为周剑。 通过天眼查大数据分析，苏州迈为科技股份有限公司共对外投资了32家企业，参与招投标项目120次， 知识产权方面有商标信息21条，专利信息535条，此外企业还拥有行政许可82个。 来源：金融界 金融界消息 截至2025年8月25日收盘，迈为股份（300751）报收于84.39元，下跌1.23%，换手率 4.95%，成交量9.57万手，成交金额8.16亿元。 资金流向方面，今日主力资金净流出2988.86万元，占比成交额3.66%。其中，超大单净流出1059.40万 元、占成交额1.3%，大单净流出1929.46万元、占成交额2.36%，中单净流出流入2360.11万元、占成交 额2.89%，小单净流入628.75万元、占成交额0.77%。 迈为股份最新一期业绩显示，截至2025中报，公司营业总收入42.13亿元、同比减少13.48%，归属净利 润3.94亿元，同比减少14.59%，扣非净利润3 ...

Investment Rating - The report maintains an "Outperform" rating for the electric equipment and new energy industry [1] Core Insights - The report highlights the ongoing "anti-involution" efforts in the photovoltaic sector, with government initiatives aimed at regulating low-price competition and promoting product quality [1] - In the electric vehicle sector, the report anticipates continued high growth in domestic sales driven by new model releases and the upcoming sales peak, which will boost demand for batteries and materials [1] - The solid-state battery industry is showing clear trends towards industrialization, with significant advancements reported by leading companies [1] Industry Overview - The electric equipment and new energy sector saw a weekly increase of 2.28%, with notable performances in various sub-sectors: industrial automation up 3.84%, new energy vehicles up 3.69%, and photovoltaic sector up 3.39% [2][10] - The report notes that the penetration rate of new energy vehicles is expected to reach a new high of 56.7% in August, with retail sales projected to hit around 1.1 million units [2][25] - The Ministry of Industry and Information Technology held a meeting to further regulate competition in the photovoltaic industry, emphasizing the need for self-discipline and fair competition [2][25] Company Performance - Major companies reported varying profit results for the first half of 2025: - Huayou Cobalt reported a net profit of 2.711 billion yuan, up 62.26% year-on-year [27] - Tianqi Lithium reported a net profit of 3.07 billion yuan, up 27.76% year-on-year [27] - However, Tongwei Co. reported a net loss of 4.955 billion yuan [27] - The report also highlights significant partnerships, such as Chuangneng New Energy signing a battery development agreement with Dongfeng Liuzhou Automobile to supply over 30 GWh of battery products over the next five years [25][27]

Core Viewpoint - Maiwei Co., Ltd. (300751) reported a decline in revenue and net profit for the first half of 2025, while showing a significant recovery in gross margin, indicating a mixed performance amidst strategic advancements in the semiconductor and photovoltaic sectors [1][2]. Group 1: Company Performance - For the first half of 2025, Maiwei Co., Ltd. achieved operating revenue of 4.213 billion yuan, a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders was 394 million yuan, down 14.59% year-on-year [1] - The gross margin improved from 26.92% in the same period last year to 33.74% [1] Group 2: Strategic Focus - The company has established a strategic layout focusing on three key technology platforms: vacuum, laser, and precision equipment, targeting the solar photovoltaic, display, and semiconductor industries [1] - In the semiconductor front-end sector, the company is pursuing a differentiated development path, focusing on selective etching and atomic layer deposition, which are less competitive areas [2] - In photovoltaic technology, the company is advancing new technologies for HJT cells, aiming for an average power of 780W and a maximum power close to 800W by the end of the year [2] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders in Maiwei Co., Ltd. increased to 31,686, with an average holding value of 753,400 yuan and an average holding of 8,800 shares [2] - The top ten shareholders include the Ruiyuan Growth Value Mixed Fund, which has a significant stake in the company [3]

我们下调公司25-27 归母净利至9.12/10.29/10.90 亿元（ 分别下调23%/21%/25%），对应EPS 为 3.26/3.68/3.90 元，主要系光伏下游客户盈利承压拖慢公司收入确认节奏，并提升减值压力。虽然公司 光伏业务收入确认放缓对公司短期利润造成一定影响，但考虑公司半导体刻蚀、沉积设备等布局加速， 我们在可比公司中新增中微公司，以反应公司半导体刻蚀设备、沉积设备等业务估值。可比公司2025 年Wind 一致预期PE 为34 倍，给予公司25 年34 倍 PE 估值，对应目标价为110.84 元（前值89.04 元，对 应25 年PE 21 倍）。 海外HJT 设备与半导体设备收入确认推动公司毛利率提升根据公司半年报，Q2 公司实现毛利率 39.0%，同比+8.0pp，环比+9.9pp；实现净利率12.3%，同比+4.8pp，环比+5.4pp。公司毛利率提升，我 们认为主要系海外HJT 设备收入确认和半导体设备收入确认推动。25 上半年公司确认印度信实4.8GW HJT 设备部分收入约5.36 亿元。2025 上半年，公司在半导体及显示行业实现收入1.3 亿元，同比增长 496.9%； ...

公司进展较快的原因在于采取了差异化的发展路径，专注于其他公司尚未布 局或竞争力不足的领域，同时着眼技术关键节点与客户协同研发并前瞻性布 局。此外，团队的努力程度和高效执行力也是快速发展的关键因素。 证券代码：300751 证券简称：迈为股份 苏州迈为科技股份有限公司 2025 年 8 月 22 日投资者活动记录表 编号：2025-003 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 活动类别 | □现场参观 电话会议 ☑ | | | □其他： （请文字说明其他活动内容） | | 参与单位名 | | | 称及人员姓 | 机构投资者共168人，后附 | | 名 | | | 时间 | 2025 年 8 月 22 日 16:00-17:00 | | 地点 | 公司会议室（电话会议） | | 公司接待人 | 董事长周剑先生、财务总监兼董事会秘书刘琼先生、证券部总监谭静女士、 | | 员、姓名 | 投资者关系张宏广先生、证券事务代表徐孙杰先生 | | | 首先，简要介绍一下公司 2025 年半年度基本经营情 ...