鸿日达科技股份有限公司（以下简称"公司"）于 2024 年 8 月 9 日召开第二届董事 会第八次会议、第二届监事会第七次会议，审议通过了《关于使用部分闲置募集资金进 行现金管理的议案》，同意在不影响募集资金投资项目建设和公司正常经营的前提下， 公司及子公司使用不超过人民币 40,000 万元的闲置募集资金进行现金管理，使用期限 自前次募集资金现金管理的授权到期之日起 12 个月内有效，即 2024 年 11 月 3 日至 2025 年 11 月 2 日。在上述额度的有效期内，资金可滚动使用，同时授权公司董事长在上述 额度和期限范围内行使投资决策权并签署相关文件，公司财务部门具体办理相关事宜。 具体内容详见公司 2024 年 8 月 10 日披露于巨潮资讯网（www.cninfo.com.cn）的《关 于使用部分闲置募集资金进行现金管理的公告》（公告编号：2024-057）。 近日，公司在授权范围内使用部分闲置募集资金购买的现金管理产品已到期赎回并 继续进行了现金管理，现将具体情况公告如下： 购买方 受托方 产品名称 金额 （万元） 产品 类型 起息 日期 到期 日期 实际 收益 （万元） 资金 来源 鸿日达 ...

丨证券研究报告丨 [Table_Author] 杨洋 SAC：S0490517070012 SFC：BUW100 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 公司研究丨点评报告丨鸿日达（301285.SZ） [Table_Title] 鸿日达 2025 年中报点评： 业绩短期承压，散热片与光通信拥抱未来 报告要点 [Table_Summary] 8 月 25 日，鸿日达发布 2025 年中报。2025H1 公司实现营收 4.38 亿元，同比增长 12.41%； 归母净利润-0.07 亿元，同比由盈转亏；扣非归母净利润-0.12 亿元，同比由盈转亏。2025H1 公 司毛利率 20.89%，同比下滑 5.42pct；归母净利率-1.63%。 分析师及联系人 1 鸿日达（301285.SZ） cjzqdt11111 [Table_Title 鸿日达 20252]年中报点评： 业绩短期承压，散热片与光通信拥抱未来 [Table_Summary2] 事件描述 8 月 25 日，鸿日达发布 2025 年中报。2025H1 公司实现营收 4.38 亿元，同比增长 12.41 ...

Group 1 - The report highlights a significant increase in market activity in August, with various funding sources showing heightened engagement, particularly in sectors such as electronics, non-bank finance, and pharmaceuticals [1][2] - Margin trading has surpassed 2 trillion yuan and continues to rise, indicating a strong risk appetite among investors [1] - Retail investors have shown a steady increase in funding, although their growth remains below previous peaks from 2015, 2019, and 2020, reflecting a lingering "fear of heights" sentiment [1][2] Group 2 - Private equity funds have seen a positive feedback loop with market performance, with a consistent increase in monthly issuances since September 2024, contributing significantly to the current "slow bull" market [1][2] - Public funds have also experienced a notable rise in issuance compared to last year, particularly in equity and ETF funds, with the stock fund index showing an upward trend since last October [2] - Insurance and foreign capital have been entering the market steadily, especially following the introduction of new policies, with expectations for further growth in insurance capital inflows [2] Group 3 - The report suggests that despite potential policy changes in September, the overall positive stance of domestic policies remains, particularly in technology sectors such as computing power, AI, and consumer electronics [3] - New consumption, innovative pharmaceuticals, and certain cyclical industries are expected to maintain upward momentum supported by clear policy backing [3] - The financial sector retains investment value during periods of high market sentiment [3] Group 4 - The recommended stock portfolio for September includes companies like China Mobile, Hongri Da, and Tianfu Communication, focusing on sectors such as telecommunications, non-bank finance, and technology [5][12] - The performance of the August portfolio showed an average increase of 23.23%, with standout stocks like Nanya New Materials and Tonghuashun achieving gains of 55.79% and 45.68% respectively [4][5] - The report emphasizes the importance of sectors such as communication, non-bank finance, technology, and chemicals in the current investment landscape [5][12]

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The consumer electronics industry is recovering, leading to steady growth in the company's core business, with a year-on-year revenue increase of 12.41% in H1 2025 [4] - The company has made significant progress in developing new products and expanding its customer base, particularly in the semiconductor thermal management solutions sector [5] - The company is expected to improve its profitability as it expands its domestic and international business [4][5] Summary by Sections Financial Performance - In H1 2025, the company achieved operating revenue of 438 million yuan, with a year-on-year increase of 12.41% [4] - The sales revenue from connector products was approximately 285 million yuan, up 6.78% year-on-year, while the revenue from structural components reached about 105 million yuan, up 13.51% year-on-year [4] Product Development - The company is focusing on the research and development of semiconductor packaging thermal management solutions, aiming to capture new growth opportunities [5] - The semiconductor metal heat sink business is gradually achieving mass shipments, with efforts to expand both domestic and international markets [5] Profit Forecast - The profit forecasts for 2025-2027 have been adjusted to 14 million yuan, 29 million yuan, and 49 million yuan respectively, with corresponding EPS of 0.07, 0.14, and 0.23 yuan [6] - The estimated P/E ratios for the same period are 778, 361, and 217 times [6] Market Comparison - The company's stock performance has shown a significant increase compared to the CSI 300 index over the past year, indicating strong market positioning [3]

【狙击龙虎榜】科技股分化但仍延续主流地位 市场风格或 出现切换关注小微盘股的情绪博弈 【重点公司跟踪】 腾龙股份：今天风格切换的核心应该是腾龙股份，昨天地天板失败今天竞价超预期并再度涨停走出二波，所以今天出现了很多振 幅比较大的个股，比如园林股份、成飞集成、日丰股份等。下午会开板主要是因为上一波炒的是液冷，淳中科技跌停，大元泵业 炸板的情况下腾龙股份炸板太正常了，关键是能回封说明资金认可该股的地位，明天大概率能走出弱转强从而确认二波。 鸿日达：随着电子产品往高性能、高频高速、以及轻薄化方向演进，半导体制程技术不断微缩，芯片的空间被压缩得更窄小，单 位体积需要散发的热量不断提升，电子元件发热密度越来越高，单一使用导入胶等界面材料将热量放出至芯片外部的难度增加, 以及考虑到热量"雄积"将引起的各种对芯片性能的负面影响，半导体金属散热片配合界面材料成为高算力芯片封装的主流方式。 鸿日达半导体金属散热片产品已与多家国内主流的芯片设计公司、封装厂建立业务对接，并已部分完成工厂审核、样品验证导 入。目前公司拥有2条具备量产能力的产线，预计2025年增扩4~7条产线，订单充裕，产能大幅扩张，2025年是公司半导体散热 放量 ...

Group 1 - The stock price of Hongrida is reported at 49.36 yuan, down by 1.56 yuan or 3.06% from the previous trading day, with a trading volume of 73,552 hands and a transaction amount of 362 million yuan [1] - Hongrida operates in the electronic components industry, primarily engaged in the research, development, production, and sales of precision electronic connectors and metal structural components [1] - In the first half of 2025, Hongrida expanded its business to include the manufacturing and sales of optical cables, optical fibers, optical communication equipment, and optoelectronic devices [1] Group 2 - The company's semi-annual report for 2025 shows a revenue of 438 million yuan, representing a year-on-year growth of 12.41%, while the net profit attributable to shareholders was a loss of 7.14 million yuan compared to a profit of 16.08 million yuan in the same period last year [1] - The net cash flow from operating activities during the reporting period was -102 million yuan [1] - Hongrida achieved breakthroughs in automotive connector products and began bulk supply during the reporting period [1] Group 3 - On August 26, Hongrida experienced a net outflow of main funds amounting to 3.34 million yuan, accounting for 0.09% of the circulating market value [1] - Over the past five days, the cumulative net inflow of main funds was 8.61 million yuan, representing 0.22% of the circulating market value [1]

2025年8月26日，鸿日达(301285.SZ)发布2025年中报。 公司营业总收入为4.38亿元，较去年同报告期营业总收入增加4834.77万元，实现2年连续上涨，同比较 去年同期上涨12.41%。归母净利润为-714.17万元。经营活动现金净流入为-1.02亿元。 | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 王玉田 | 44.90% | | 2 | 昆山豪讯宇企业管理有限公司 | 10.48% | | బ | 石章零 | 3.67% | | 4 | 东台昌旭企业管理有限公司 | 2.90% | | ટ | 沈剑峰 | 1.37% | | 6 | 国信证券股份有限公司 | 1.27% | | 1 | 宁波梅山保税港区龙悦投资管理有限公司-佳然一号私募证券投资基金 | 1.11% | | 8 | 龚良昀 | 0.45% | | g | 深圳市景从资产管理有限公司-景从青锋18号私募证券投资基金 | 0.43% | | 10 | 刘伟建 | 0.35% | 公司摊薄每股收益为-0.03元。 公司最新总资产周转率为0.21次，较去年同期总资产周转率增加0.01次 ...

智通财经APP讯，鸿日达(301285.SZ)发布2025年半年度报告，该公司营业收入为4.38亿元，同比增长 12.41%。归属于上市公司股东的净亏损为714.17万元。归属于上市公司股东的扣除非经常性损益的净亏 损为1214.04万元。基本每股亏损为0.03元。 ...

| 东吴证券股份有限公司 | | | | --- | --- | --- | | 关于鸿日达科技股份有限公司 | | | | 保荐机构名称：东吴证券股份有限公司 | | 被保荐公司简称：鸿日达 | | 保荐代表人姓名：蔡晓涛 | | 联系电话：0512-62938515 | | 保荐代表人姓名：李喆 | | 联系电话：0512-62938515 | | 一、保荐工作概述 | | | | 项目 工作内容 | | | | （1）是否及时审阅公司信息披露文件 是 | | | | （2）未及时审阅公司信息披露文件的次数 0次 | | | | （1）是否督导公司建立健全规章制度（包括但不限于 | | | | 防止关联方占用公司资源的制度、募集资金管理制度、 | | | | 是 | | | | 内控制度、内部审计制度、关联交易 | | | | 制度） | | | | （2）公司是否有效执行相关规章制度 是 | | | | 保荐机构每月取得公司募集资金专户资金变动情 | | | | （1）查询公司募集资金专户次数 | | | | 况和大额资金支取使用情况 （2）公司募集资金项目进展是否与信息披露文件 | | | | 是 | ...

Group 1 - The company Hongrida (SZ 301285) announced its second board meeting on August 22, 2025, where it reviewed the proposal for the 2025 semi-annual report [1] - For the year 2024, the company's revenue is entirely derived from the connector industry, accounting for 100.0% of its business [1] - As of the report, Hongrida has a market capitalization of 10.5 billion yuan [1]