Core Insights - Han Shuo Technology reported a revenue of 2.809 billion yuan and a net profit of 366 million yuan for the first three quarters of 2025, with Q3 revenue at 835 million yuan and net profit attributable to shareholders at 92.524 million yuan [1] - The company is a global leader in digital solutions for retail, focusing on electronic price tag systems and smart retail solutions, emphasizing continuous R&D and product improvement [1] - The global electronic price tag market has a penetration rate of only 15%, indicating significant growth potential, with an expected market size of 34.9 billion yuan by 2028 and a compound annual growth rate of 13.2% from 2024 to 2028 [2] Company Developments - Han Shuo Technology is increasing its strategic investments in artificial intelligence, integrating advanced technologies like machine vision into retail scenarios [3] - The company is innovating by combining machine vision and big data analytics with its electronic price tag systems, transforming traditional shelves into smart sensing nodes to enhance operational efficiency and customer experience [3] - The AI shelf camera captures real-time product display status, accurately identifies stockouts and misplacements, and triggers automatic replenishment processes [3]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company's performance is under short-term pressure, primarily due to a slight decline in gross margin, fair value losses, and decreased investment income [2][8] - The company has established core competitive advantages through technology, product offerings, supply chain management, and customer relationships [3][7] Financial Performance Summary - For the first three quarters of 2025, the company achieved revenue of 2.809 billion yuan, a year-on-year decrease of 11.04%, and a net profit attributable to shareholders of 314 million yuan, down 40.51% year-on-year [1] - The gross margin for the first three quarters of 2025 was 32.88%, a decrease of 3.28 percentage points year-on-year, while the gross margin for Q3 2025 was 35.94%, an increase of 1.98 percentage points year-on-year [2] - The company reported a fair value loss of 16.9069 million yuan for the first three quarters of 2025, compared to a gain of 185,100 yuan in the same period last year [2] Profit Forecast and Valuation - The company’s revenue forecasts for 2025-2027 are adjusted to 3.812 billion, 4.679 billion, and 5.768 billion yuan, respectively, with year-on-year changes of -15.0%, +22.8%, and +23.3% [8] - The net profit forecasts for the same period are 449 million, 604 million, and 832 million yuan, with year-on-year changes of -36.8%, +34.8%, and +37.7% [8] - The earnings per share (EPS) are projected to be 1.06, 1.43, and 1.97 yuan for 2025, 2026, and 2027, respectively [8]

Core Viewpoint - Han Shuo Technology (301275.SZ) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 2.809 billion yuan, representing a year-on-year decrease of 11.04% [1] - The net profit attributable to shareholders of the listed company was 314 million yuan, down 40.51% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 366 million yuan, a decrease of 27.55% year-on-year [1] - Basic earnings per share were 0.7624 yuan [1]

Core Insights - Hanshuo Technology reported a revenue of 2.809 billion yuan for the first three quarters of 2025, with a third-quarter revenue of 835 million yuan and a net profit attributable to shareholders of 92.5246 million yuan [1] - The company is a global leader in digital solutions for retail, focusing on electronic price tag systems and smart retail solutions, emphasizing continuous investment in R&D and product improvement [1] - The global electronic price tag market has a penetration rate of only 15%, indicating significant growth potential, with an expected market size of 34.9 billion yuan by 2028 and a compound annual growth rate of 13.2% from 2024 to 2028 [2] Company Developments - Hanshuo Technology is increasing its strategic investments in artificial intelligence, integrating advanced technologies like machine vision into retail scenarios [3] - The company is innovating by combining machine vision and big data analysis with its electronic price tag systems, transforming traditional shelves into smart sensing nodes that enhance operational efficiency and customer experience [3] - The AI shelf camera captures real-time product display status, accurately identifies stockouts and misplacements, and triggers automatic replenishment processes [3]

Core Viewpoint - Hanshuo Technology Co., Ltd. reported strong financial performance for Q3 2025, with significant revenue growth and a focus on digital retail solutions, particularly in electronic price tags and IoT applications [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 2.809 billion yuan and a net profit of 366 million yuan after deducting non-recurring items [1]. - In Q3 2025, the revenue reached 835 million yuan, with a net profit attributable to shareholders of 92.5246 million yuan, and total assets amounted to 6.013 billion yuan [1]. Industry Position and Market Potential - Hanshuo Technology is recognized as a global leader in providing digital solutions for retail, focusing on electronic price tag systems [1][2]. - The global penetration rate of electronic price tags is currently only 15%, indicating significant growth potential in the market [2]. - The global electronic price tag market is projected to reach 34.9 billion yuan by 2028, with a compound annual growth rate (CAGR) of 13.2% from 2024 to 2028 [2]. Technological Advancements - The company is increasing its strategic investments in artificial intelligence, particularly in machine vision and its integration with retail scenarios [3]. - Innovations include the development of AI shelf cameras that enhance operational efficiency by monitoring product display status and triggering automatic replenishment processes [3]. - The integration of AI and big data analytics aims to optimize the retail value chain, enhancing efficiency, customer experience, and value creation [3].

Core Viewpoint - Hanshuo Technology (stock code: 301275) reported a revenue of 2.809 billion yuan and a net profit of 366 million yuan for the first three quarters of 2025, indicating strong financial performance in the digital retail solutions sector [1] Financial Performance - For Q3 2025, the company achieved a revenue of 835 million yuan and a net profit attributable to shareholders of 92.5246 million yuan [1] - Total assets reached 6.013 billion yuan as of the end of Q3 2025 [1] Industry Position and Market Potential - Hanshuo Technology is recognized as a global leader in digital solutions for retail, focusing on electronic price tag systems [1][2] - The global penetration rate of electronic price tags is currently only 15%, indicating significant growth potential in the market [2] - The global electronic price tag market is projected to reach 34.9 billion yuan by 2028, with a compound annual growth rate (CAGR) of 13.2% from 2024 to 2028 [2] Technological Advancements - The company is increasing its strategic investments in artificial intelligence, particularly in machine vision technology, to enhance retail applications [3] - Innovations include integrating machine vision with big data analytics to transform traditional shelves into smart sensing nodes, improving operational efficiency and customer experience [3] - The AI shelf camera can capture real-time product display status, accurately identify stockouts and misplacements, and trigger automatic replenishment processes [3]

Group 1 - The core viewpoint of the articles highlights Hanshuo Technology's strong performance in the digital retail solutions market, showcasing significant revenue growth and strategic investments in technology [1][2] - In the first three quarters of 2025, Hanshuo Technology reported a revenue of 2.809 billion yuan and a net profit of 366 million yuan, with total assets reaching 6.013 billion yuan [1] - The company focuses on electronic price tag systems and has developed a high-density low-power wireless communication protocol, HiLPC, which enhances communication efficiency and stability [1][2] Group 2 - The retail industry is rapidly evolving with the integration of IoT, big data, and AI technologies, leading to increased demand for digital retail solutions [2] - Currently, the global penetration rate of electronic price tags is only 15%, indicating significant growth potential, with the market expected to reach 34.9 billion yuan by 2028, growing at a CAGR of 13.2% from 2024 to 2028 [2] - Hanshuo Technology is investing in AI and machine vision technologies to enhance retail operations, including the development of AI shelf cameras that improve inventory management and customer experience [2]

每经AI快讯，汉朔科技（SZ 301275，收盘价：53.61元）10月28日晚间发布三季度业绩公告称，2025年 前三季度营收约28.09亿元，同比减少11.04%；归属于上市公司股东的净利润约3.14亿元，同比减少 40.51%；基本每股收益0.7624元，同比减少45.16%。 截至发稿，汉朔科技市值为226亿元。 每经头条（nbdtoutiao）——A股突破4000点！十年沉寂终迎爆发，科技主线重塑市场，"慢牛"新格局开 启！ （记者 曾健辉） ...

汉朔科技股份有限公司 2025 年第三季度报告 证券代码：301275 证券简称：汉朔科技 公告编号：2025-046 汉朔科技股份有限公司 2025 年第三季度报告 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.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 汉朔科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 834,710,187.57 | -19.79% | 2,809,057 ...

证券日报网讯10月14日晚间，汉朔科技（301275）发布公告称，公司于2025年10月14日首次通过回购专 用证券账户以集中竞价交易方式回购公司股份40，000股，占公司总股本的0.0095%。 ...