【机构调研记录】平安基金调研苏试试验

Group 1 - The core viewpoint of the article highlights that Ping An Fund has conducted research on Su Shi Testing, indicating a positive trend in demand for testing equipment and services in the first half of the year, leading to performance growth [1] - The company remains optimistic about the second half of the year, focusing on emerging industries and resource integration [1] - The decline in gross margin is attributed to intensified market competition and cost pressures, with the company planning to address these through technological innovation and refined management [1] - The integrated circuit sector is in a capacity ramp-up phase, with gross margins affected by competition and costs, and future efforts will focus on market promotion and capacity expansion [1] - Progress has been made in the research and development of vacuum testing equipment, with expectations for further enhancement in aerospace business [1] - Variations in laboratory performance are mainly due to order structure and confirmation fluctuations, with a clear trend towards specialization, intensification, and scaling in the industry [1] - Demand for third-party testing institutions in the testing equipment sector is recovering, while special industry demand in testing services remains strong, although demand for new energy vehicles is slowing [1] - Capital expenditure will focus on emerging industries, strengthening technological reserves and testing service capabilities [1] Group 2 - Ping An Fund, established in 2011, has an asset management scale of 640.757 billion yuan, ranking 20th out of 210 [2] - The fund's scale for non-monetary public funds is 25.6485 billion yuan, ranking 23rd out of 210 [2] - The number of public funds managed by the company is 452, ranking 15th out of 210 [2] - The company has 59 public fund managers, ranking 16th out of 210 [2] - The best-performing public fund product in the past year is Ping An Advanced Manufacturing Theme Stock Initiation A, with a latest unit net value of 1.69 and a growth of 110.26% over the past year [2] - The latest public fund product raised by the company is Ping An CSI All-Index Free Cash Flow ETF Linked A, with a subscription period from July 30, 2025, to August 19, 2025 [2]