Core Viewpoint - The company reported a significant increase in revenue and net profit for Q3 2025, indicating a recovery in business performance after a challenging start to the year [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 597 million yuan, a year-on-year increase of 8.3%, and a net profit attributable to shareholders of 155 million yuan, also up 8.3% [1]. - In Q3 2025, the company recorded revenue of 225 million yuan, representing a year-on-year growth of 22.2%, and a net profit of 60 million yuan, up 19.3% [1][2]. - Revenue growth rates for Q1, Q2, and Q3 were -8.0%, +10.5%, and +22.2%, respectively, showing a notable recovery in the third quarter [2]. Business Segments - The automotive testing segment generated revenue of 162 million yuan in the first half of 2025, with a year-on-year increase of 10.52%. The company has a strong influence in this field, serving clients like Tesla and Huawei [2]. - The electronic and electrical product testing segment reported revenue of 90 million yuan, with a modest year-on-year growth of 2.35% [2]. - The testing equipment segment saw revenue decline to 72 million yuan, down 14.85%, primarily due to intensified price competition in the equipment manufacturing sector [2]. Profitability Metrics - The net profit margin for Q3 2025 was 27.5%, a slight decrease of 0.36 percentage points year-on-year, while the gross profit margin was 58.6%, down 1.49 percentage points [3]. - The automotive testing segment had a gross margin of 69.10%, down 2.58 percentage points, while the electronic and electrical product testing segment improved to 63.15%, up 2.65 percentage points [3]. Cash Flow - Operating cash flow improved in Q3 2025, with a net cash flow from operating activities of 67 million yuan, a year-on-year increase of 21% [3]. Strategic Initiatives - The company announced the establishment of a joint venture for robotics technology, aiming to enhance efficiency and reduce labor costs in the long term [4]. - The projected revenue for 2025-2027 is expected to grow to 808 million yuan, 912 million yuan, and 1.026 billion yuan, with corresponding net profits of 196 million yuan, 229 million yuan, and 264 million yuan [4].

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Insights - The company reported a revenue of 597 million yuan for the first three quarters of 2025, representing a year-on-year increase of 8.3%. In Q3 2025 alone, revenue reached 225 million yuan, showing a significant year-on-year growth of 22.2%. The net profit attributable to the parent company for the same period was 155 million yuan, also up by 8.3%, with Q3 net profit at 60 million yuan, reflecting a year-on-year increase of 19.3% [2][6]. Summary by Sections Financial Performance - For Q1 to Q3 2025, the company achieved a total revenue of 597 million yuan, with a net profit of 155 million yuan. Q3 revenue was 225 million yuan, marking a 22.2% increase year-on-year, while net profit for Q3 was 60 million yuan, up 19.3% year-on-year [2][6]. Business Segments - The automotive testing segment generated 162 million yuan in revenue for the first half of 2025, a year-on-year increase of 10.52%. The company has a strong presence in the automotive parts and reliability testing sector, serving clients like Tesla and Huawei. The electronic and electrical product testing segment saw revenue of 90 million yuan, growing 2.35% year-on-year. However, the testing equipment segment experienced a decline, with revenue of 72 million yuan, down 14.85% year-on-year [12]. Profitability Metrics - The net profit margin for Q3 2025 was 27.5%, a slight decrease of 0.36 percentage points year-on-year. The gross margin was 58.6%, down 1.49 percentage points, likely due to the recovery in revenue from lower-margin equipment sales. The expense ratio for the period was 28.6%, showing a minor decrease [12]. Cash Flow - Operating cash flow improved in Q3, with a net cash flow of 67 million yuan, up 21% year-on-year. The first half of 2025 saw a decline in operating cash flow, primarily due to long credit terms with major clients [12]. Future Growth Initiatives - The company has established a joint venture for robotics, aiming to enhance its growth trajectory. This venture focuses on the development and manufacturing of various types of robots, which is expected to reduce labor costs and improve efficiency in testing services [12]. Revenue and Profit Forecast - The company forecasts revenues of 808 million yuan, 912 million yuan, and 1.026 billion yuan for 2025, 2026, and 2027, respectively, with corresponding net profits of 196 million yuan, 229 million yuan, and 264 million yuan. The projected growth rates are 11.4%, 12.9%, and 12.5% for revenue, and 11.1%, 16.8%, and 15.6% for net profit [12].

Core Viewpoint - The company reported a year-on-year increase in revenue and net profit for the first three quarters of the year, indicating stable growth in its financial performance [1] Financial Performance - The company's operating revenue for the first three quarters reached 597 million, representing a year-on-year growth of 8.31% [1] - The net profit attributable to shareholders of the listed company was 150 million, showing a year-on-year increase of 8.33% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 144 million, with a year-on-year growth of 8.93% [1]

每经AI快讯，信测标准（SZ 300938，收盘价：27.06元）10月23日晚间发布公告称，公司第五届第十一 次董事会会议于2025年10月23日在公司会议室以现场及通讯的方式召开。会议审议了《关于公司2025年 三季度报告的议案》等文件。 2024年1至12月份，信测标准的营业收入构成为：技术服务业占比78.78%，试验机制造业占比21.22%。 截至发稿，信测标准市值为66亿元。 每经头条（nbdtoutiao）——中国创新药，今年海外授权已卖出800亿美元！对话创东方投资合伙人卢 刚：生物医药二级市场火热，一级市场为何募资遇冷？ （记者 曾健辉） ...

Core Viewpoint - The company reported a revenue of 597 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 8.31% [1] - The net profit attributable to shareholders reached 155 million yuan, also showing a year-on-year increase of 8.33% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 144 million yuan, with a year-on-year growth of 8.93% [1] - The basic earnings per share stood at 0.6855 yuan [1] Financial Performance - Revenue for the first three quarters: 597 million yuan, up 8.31% year-on-year [1] - Net profit attributable to shareholders: 155 million yuan, up 8.33% year-on-year [1] - Net profit after deducting non-recurring items: 144 million yuan, up 8.93% year-on-year [1] - Basic earnings per share: 0.6855 yuan [1]

Core Insights - The company reported a revenue of 597 million yuan for the first three quarters of 2025, representing a year-on-year growth of 8.31% [1] - The net profit attributable to shareholders was 155 million yuan, also showing a year-on-year increase of 8.33% [1] - The basic earnings per share stood at 0.69 yuan [1] Financial Performance - The gross profit margin for the first three quarters was 59.90%, an increase of 0.36 percentage points year-on-year [2] - The net profit margin was 26.38%, a decrease of 0.51 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 58.62%, down 1.49 percentage points year-on-year and down 2.92 percentage points quarter-on-quarter [2] - The net profit margin for Q3 was 27.50%, a decline of 0.36 percentage points year-on-year and a decrease of 0.84 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for Q3 amounted to 182 million yuan, an increase of 20.08 million yuan year-on-year [2] - The expense ratio was 30.50%, up 1.11 percentage points from the same period last year [2] - Sales expenses increased by 18.34%, management expenses rose by 0.69%, R&D expenses grew by 11.02%, and financial expenses surged by 50.79% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 17,100, a decrease of 680 from the end of the previous half-year, representing a decline of 3.82% [2] - The average market value per shareholder increased from 270,200 yuan to 336,500 yuan, reflecting a growth of 24.50% [2] Company Overview - Shenzhen Xince Standard Technology Service Co., Ltd. was established on July 20, 2000, and went public on January 27, 2021 [3] - The company specializes in reliability testing, physical and chemical testing, electromagnetic compatibility testing, and product safety testing [3] - The revenue breakdown includes 49.98% from automotive (including new energy vehicles), 27.80% from electronic and electrical product testing, and 22.22% from testing equipment [3] - The company is classified under the social services sector, specifically in professional services and testing services [3]

Core Insights - The company reported a revenue of 597 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 8.31% [1] - The net profit attributable to shareholders reached 155 million yuan, also showing a year-on-year increase of 8.33% [1] - Basic earnings per share were 0.6855 yuan, marking a year-on-year growth of 2.76% [1]

证券代码：300938 证券简称：信测标准 公告编号：2025-204 深圳信测标准技术服务股份有限公司 第五届董事会第十一次会议决议公告 1、本次会议审议通过了《关于公司 2025 年三季度报告的议案》。 经审议，董事会认为，公司《2025 年三季度报告》符合法律、行政法规、 中国证券监督管理委员会和深圳证券交易所的相关规定，内容真实、准确、完整， 不存在任何虚假记载、误导性陈述或重大遗漏。 表决结果：7 票同意、0 票反对、0 票弃权。 详见公司同日于巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 三、备查文件 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。 一、董事会会议召开情况 1、深圳信测标准技术服务股份有限公司（以下简称"公司"）第五届董事会 第十一次会议于 2025 年 10 月 17 日以电话、网络、专人送达等方式发出通知， 2025 年 10 月 23 日在公司会议室以现场及通讯的方式召开。 2、本次董事会应到董事 7 人，实际出席会议董事 7 人。 3、本次会议由董事长吕杰中主持，会议召开和表决程序符合有关法律、法 规、规 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥224,943,006.94, representing a year-on-year increase of 22.18%[5] - Net profit attributable to shareholders was ¥59,980,501.72, up 19.28% compared to the same period last year[5] - The basic earnings per share increased to ¥0.2564, reflecting a growth of 6.97% year-on-year[5] - Total operating revenue for the current period reached ¥597,047,997.29, an increase of 8.3% compared to ¥551,250,576.88 in the previous period[28] - Net profit attributable to shareholders reached ¥154,991,645.65, up from ¥143,071,222.36, indicating an increase of about 8.5%[30] - Operating profit rose to ¥182,466,748.94 compared to ¥170,835,292.64, reflecting a growth of approximately 6.1%[29] - Total comprehensive income amounted to ¥157,507,372.64, compared to ¥148,251,777.33, showing an increase of approximately 6.7%[30] - The total profit before tax was ¥179,291,374.80, slightly up from ¥170,659,596.52, indicating an increase of about 7.6%[29] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,184,899,343.05, marking a 6.67% increase from the end of the previous year[5] - Current assets totaled ¥1,060,597,922.38, increasing from ¥976,607,214.48, which is a rise of 8.6%[25] - Non-current assets totaled ¥1,124,301,420.67, up from ¥1,071,715,346.91, indicating a growth of 4.9%[25] - Total liabilities decreased to ¥290,087,951.23 from ¥785,402,914.28, a significant reduction of 63.1%[26] - The equity attributable to shareholders rose to ¥1,815,113,922.76, a significant increase of 53.33% compared to the previous year-end[5] - The equity attributable to shareholders of the parent company increased to ¥1,815,113,922.76 from ¥1,183,757,141.05, marking a growth of 53.5%[26] Cash Flow - Cash flow from operating activities for the year-to-date was ¥128,751,467.57, showing a decrease of 8.99%[5] - Cash flow from operating activities generated ¥128,751,467.57, down from ¥141,470,007.68, a decrease of about 9.1%[32] - The company reported a net cash outflow from investing activities of ¥99,866,466.36, compared to a net inflow of ¥76,768,693.54 in the previous period[32] - Cash and cash equivalents decreased to ¥107,807,093.15 from ¥129,790,208.78, a decline of 17.0%[24] - Cash and cash equivalents at the end of the period decreased to ¥107,529,168.15 from ¥237,844,218.35, a decline of approximately 54.8%[33] Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,123[12] - The largest shareholder, Lü Jiezhong, holds 16.73% of shares, totaling 40,745,570 shares[12] - The top three shareholders (Lü Jiezhong, Lü Baozhong, and Gao Lei) collectively control the company through a joint control agreement[13] - The company’s stockholders include both natural persons and corporate entities, with significant holdings from domestic individuals[12] - The company has not reported any changes in the participation of major shareholders in margin trading activities[13] Strategic Initiatives - The company plans to implement the 2025 Employee Stock Ownership Plan, which was approved on July 31, 2025[17] - A strategic acquisition of a tech startup was completed, expected to enhance the company's R&D capabilities and drive innovation[136] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2026[136] - New product launches are expected to contribute an additional 100 million in revenue by the end of 2025[136] - The board approved a comprehensive credit facility application to support future growth initiatives[126] - The company is revising its corporate governance structure to improve operational efficiency and transparency[165] Investment and Expenses - The financial expenses increased by 50.79% to ¥3,290,861.20, attributed to interest expenses from capitalized convertible bond projects[10] - The company experienced a significant increase in investment income, which rose by 48.24% to ¥8,958,374.10[10] - Research and development expenses increased to ¥50,544,152.42 from ¥45,526,717.68, marking an increase of about 11.1%[29] - The company reported a decrease in employee compensation payable to ¥14,961,559.59 from ¥19,631,886.64, a decline of 23.5%[26]

证券代码：300938 证券简称：信测标准 公告编号：2025-203 触及 1%整数倍的公告 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。 深圳信测标准技术服务股份有限公司 关于控股股东、实际控制人及其一致行动人权益变动 特别提示： 1、深圳信测标准技术服务股份有限公司（以下简称"公司"）已于 2025 年 7 月 17 日披露了《关 于控股股东之一致行动人减持股份的预披露公告》，持有公司股份 28,578,795 股（占公司总股本的 12.48%）的控股股东之一致行动人高磊女士计划自公告披露之日起 15 个交易日后的未来 3 个月内 （2025 年 8 月 8 日至 2025 年 11 月 7 日）以集中竞价和大宗交易方式减持公司股份，合计减持公司股 份不超过 6,779,157 股（占公司剔除回购专用账户中股份数量 3,016,041 股后总股本的 3.00%）。 2、公司实际控制人之一致行动人高磊女士于 2025 年 9 月 2 日至 2025 年 10 月 17 日通过集中竞价 方式减持公司股份 2,259,700 股，通过大宗交易方式减持公司股份 ...