| 证券代码：300938 | 证券简称：信测标准 | 公告编号：2025-154 | | --- | --- | --- | | 债券代码：123231 | 债券简称：信测转债 | | 深圳信测标准技术服务股份有限公司 关于信测转债赎回实施暨即将停止转股的重要提示性公告 本公司及董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。 重要内容提示： 1、最后转股日：2025 年 9 月 5 日 因"信测转债"已停止交易，本公司特提醒投资者在期限内转股。2025 年 9 月 5 日为"信测转债"最后一个转股日，当日收市前，持有"信测转债"的投 资者仍可进行转股。2025 年 9 月 5 日收市后，仍未实施转股的"信测转债" 将停止转股，剩余可转债将按照 100.42 元/张（含税）的价格强制赎回。若被 强制赎回，投资者可能面临损失，敬请投资者注意投资风险。 截至 2025 年 9 月 2 日收市后，距离"信测转债"赎回日（ 2025 年 9 月 8 日）仅剩下 3 个交易日。 2、债券持有人若转股，需开通创业板交易权限。投资者不符合创业板股票 适当性管理要求的，不能将所持"信 ...

9月1日，信测标准收跌1.09%，收盘价为24.51元，发生1笔大宗交易，合计成交量130万股，成交金额 2576.6万元。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 进一步统计，近3个月内该股累计发生1笔大宗交易，合计成交金额为2576.6万元。该股近5个交易日累 计下跌5.00%，主力资金合计净流出3776.67万元。 责任编辑：小浪快报 第1笔成交价格为19.82元，成交130.00万股，成交金额2,576.60万元，溢价率为-19.14%，买方营业部为 申万宏源证券有限公司上海黄浦区中山南一路证券营业部，卖方营业部为五矿证券有限公司深圳海田路 证券营业部。 ...

| 证券代码：300938 | 证券简称：信测标准 | 公告编号：2025-153 | | --- | --- | --- | | | 债券简称：信测转债 | | | 债券代码：123231 | | | 深圳信测标准技术服务股份有限公司 关于信测转债赎回实施暨即将停止交易的重要提示性公告 2、最后转股日：2025 年 9 月 5 日 2025 年 9 月 5 日为"信测转债"最后一个转股日，当日收市前，持有"信 测转债"的投资者仍可进行转股。2025 年 9 月 5 日收市后，仍未实施转股的 "信测转债"将停止转股，剩余可转债将按照 100.42 元/张（含税）的价格强 制赎回。若被强制赎回，投资者可能面临损失，敬请投资者注意投资风险。 截至 2025 年 9 月 1 日收市后，距离"信测转债"停止交易（ 2025 年 9 月 3 日）仅剩下 1 个交易日，距离"信测转债"赎回日（ 2025 年 9 月 8 日） 仅剩下 4 个交易日。 3、债券持有人若转股，需开通创业板交易权限。投资者不符合创业板股票 适当性管理要求的，不能将所持"信测转债"转换为股票，特提请投资者关注 不能转股的风险。 4、特提醒"信测转 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [1][7]. Core Insights - The company achieved a revenue of 372 million yuan in H1 2025, representing a year-on-year increase of 1.35%, with a net profit attributable to the parent company of 95 million yuan, up 2.40% year-on-year [6]. - In Q2 2025, the company reported a revenue of 206 million yuan, a year-on-year increase of 10.45%, and a net profit of 58 million yuan, up 11.82% year-on-year [6]. - The establishment of a joint venture to enter the robotics sector is expected to inject new growth momentum into the company [6][7]. Financial Performance Summary - H1 2025 gross margin was 60.68%, with a net margin of 25.71%, showing a year-on-year increase of 1.42 percentage points and a slight decrease of 0.7 percentage points, respectively [6]. - Revenue breakdown for H1 2025 includes automotive testing at 162 million yuan (up 10.52% YoY), electronic and electrical product testing at 90 million yuan (up 2.35% YoY), equipment sales at 72 million yuan (down 14.85% YoY), and other businesses at 48 million yuan (up 0.07% YoY) [6]. - The company plans to leverage its technological advantages and market resources to expand into military product testing, which is expected to contribute to future revenue growth [6][7]. Future Projections - The company is projected to achieve net profits of 198 million yuan, 228 million yuan, and 262 million yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 12.5%, 14.9%, and 15.2% [8][7]. - The target price for the company's stock is set at 30.05 yuan, based on a 35x price-to-earnings ratio for 2025 [2][7].

Core Viewpoint - Shenzhen Xince Standard Technology Service Co., Ltd. has announced the forced redemption of its convertible bonds "Xince Convertible Bonds" (code: 123231) due to the triggering of conditional redemption clauses, with trading set to cease on September 2, 2025, and redemption occurring on September 8, 2025 [1][2][3]. Summary by Sections Important Content Reminder - "Xince Convertible Bonds" will stop trading after the market closes on September 2, 2025, and investors can still convert their bonds until September 5, 2025 [1][2]. - If conversion is not executed by the deadline, remaining bonds will be forcibly redeemed at a price of 100.42 CNY per bond, including tax [1][2]. Conditional Redemption Trigger - The conditional redemption clause was triggered as the closing price of the company's stock was at least 130% of the current conversion price (18.22 CNY) for 15 out of 30 consecutive trading days from July 17 to August 8, 2025 [2][8]. Redemption Implementation Arrangements - The redemption price is set at 100.42 CNY per bond, which includes accrued interest calculated based on a 0.50% annual interest rate [7][8]. - The redemption will affect all bondholders registered with the China Securities Depository and Clearing Corporation as of September 5, 2025 [9]. Company Actions and Financial Details - The company issued 5,450,000 convertible bonds with a total value of 545 million CNY, approved by the China Securities Regulatory Commission [3][4]. - The net amount raised after deducting issuance costs was approximately 533.56 million CNY [4]. Stock Price Adjustment - The initial conversion price of the bonds was set at 36.89 CNY per share, which will be adjusted to 25.76 CNY following a capital increase and cash dividend distribution [5][6]. Shareholder Transactions - The actual controller and major shareholders did not trade "Xince Convertible Bonds" in the six months leading up to the redemption condition being met [10].

| 证券代码：300938 | 证券简称：信测标准 | 公告编号：2025-152 | | --- | --- | --- | | | 债券简称：信测转债 | | | 债券代码：123231 | | | 深圳信测标准技术服务股份有限公司 关于信测转债赎回实施暨即将停止交易的重要提示性公告 本公司及董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。 重要内容提示： 1、最后交易日：2025 年 9 月 2 日 4、特提醒"信测转债"持有人注意在限期内转股。 特别提示： 1、"信测转债" 赎回价格：100.42 元/张（含当期应计利息，当期年利率 为 0.50%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任 公司深圳分公司（以下简称"中国结算"）核准的价格为准。 2、赎回条件满足日：2025 年 8 月 8 日 3、停止交易日：2025 年 9 月 3 日 4、赎回登记日：2025 年 9 月 5 日 2025 年 9 月 2 日为"信测转债"最后一个交易日，当日"信测转债"简 称为"Z测转债"，2025 年 9 月 2 日收市后"信测转债"将停止交易。 2、 ...

| 证券代码：300938 | 证券简称：信测标准 | 公告编号：2025-151 | | --- | --- | --- | | 债券代码：123231 | 债券简称：信测转债 | | 本公司及董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。 深圳信测标准技术服务股份有限公司 关于信测转债赎回实施暨即将停止交易的重要提示性公告 重要内容提示： 1、最后交易日：2025 年 9 月 2 日 2025 年 9 月 2 日为"信测转债"最后一个交易日，当日"信测转债"简 称为"Z测转债"，2025 年 9 月 2 日收市后"信测转债"将停止交易。 2、最后转股日：2025 年 9 月 5 日 2025 年 9 月 5 日为"信测转债"最后一个转股日，当日收市前，持有"信 测转债"的投资者仍可进行转股。2025 年 9 月 5 日收市后，仍未实施转股的 "信测转债"将停止转股，剩余可转债将按照 100.42 元/张（含税）的价格强 制赎回。若被强制赎回，投资者可能面临损失，敬请投资者注意投资风险。 截至 2025 年 8 月 28 日收市后，距离"信测转债"停止交易（ 202 ...

Group 1 - The convertible bond of Xince Standard experienced a 2.0% decline, trading at 137.197 yuan per share, with a transaction volume of 96.2521 million yuan and a conversion premium of 0.57% [1] - Xince Standard's convertible bond has a credit rating of "AA-" and a maturity of 1.8329 years, with interest rates increasing from 0.20% in the first year to 2.50% in the sixth year [1] - The company, Shenzhen Xince Standard Technology Service Co., Ltd., was established in 2000 and is one of the earliest third-party testing institutions in China, providing services across various industries including automotive, electronics, and life sciences [1] Group 2 - For the first half of 2025, Xince Standard reported a revenue of 372.1 million yuan, a year-on-year increase of 1.35%, and a net profit attributable to shareholders of 95.0111 million yuan, up 2.4% year-on-year [2] - The company has a concentrated shareholder structure, with the top ten shareholders holding a combined 54.53% of shares, and the top ten circulating shareholders holding 36.04% [2] - As of June 2025, the number of shareholders is 17,800, with an average circulating shareholding of 8,601 shares and an average holding amount of 180,700 yuan [2]

| 证券代码：300938 | 证券简称：信测标准 | 公告编号：2025-150 | | --- | --- | --- | | 债券代码：123231 | 债券简称：信测转债 | | 深圳信测标准技术服务股份有限公司 关于信测转债赎回实施暨即将停止交易的重要提示性公告 本公司及董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。 重要内容提示： 1、"信测转债" 赎回价格：100.42 元/张（含当期应计利息，当期年利率 为 0.50%，且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任 公司深圳分公司（以下简称"中国结算"）核准的价格为准。 2、赎回条件满足日：2025 年 8 月 8 日 3、停止交易日：2025 年 9 月 3 日 1、最后交易日：2025 年 9 月 2 日 2025 年 9 月 2 日为"信测转债"最后一个交易日，当日"信测转债"简 称为"Z测转债"，2025 年 9 月 2 日收市后"信测转债"将停止交易。 2、最后转股日：2025 年 9 月 5 日 2025 年 9 月 5 日为"信测转债"最后一个转股日，当日收市前，持有"信 ...

Core Points - The company Xincheng Standard announced a mandatory redemption of its convertible bonds, "Xincheng Convertible Bonds," at a price of 100.42 yuan per bond, effective after the market closes on September 5, 2025 [2] - The current secondary market price of the "Xincheng Convertible Bonds" is significantly different from the redemption price, prompting the company to remind bondholders to convert their bonds within the specified period to avoid potential losses [2] Summary by Category - **Company Announcement** - Xincheng Standard has issued a notice regarding the mandatory redemption of its convertible bonds [2] - The redemption price is set at 100.42 yuan per bond, effective after September 5, 2025 [2] - **Market Implications** - There is a notable disparity between the secondary market price of the bonds and the redemption price [2] - Bondholders are advised to convert their bonds in a timely manner to mitigate potential financial losses [2]