North Industries (SZ:000519) Dong Jian Yan Bao·2025-07-30 15:03Report Summary 1. Reported Industry Investment Rating - No information provided on the industry investment rating [1][2] 2. Core Viewpoints - The company's net profit attributable to the parent in the first half of the year is expected to be a loss of 30 million - 58 million yuan due to the low - point market of the super - hard materials sector and the impact on the special equipment sector [22] - The price of industrial diamonds in 2025 is on a downward trend with stability in the second half, while the market demand for cultivated diamonds is on the rise [23] - The gross profit margin of industrial diamonds is expected to continue to decline, and that of cultivated diamonds will fluctuate slightly [23] 3. Summary by Directory 3.1 Research Basic Situation - Research object: Zhongbing Red Arrow, belonging to the special equipment industry [17] - Reception time: July 30, 2025 - Company reception personnel: Zhao Deliang (CFO and Secretary of the Board), Zhou Ying (Deputy Minister of the Securities Affairs Department), Zhang Yi (Securities Affairs Department) [17] 3.2 Detailed Research Institutions | Reception Object | Reception Object Type | Institution - related Personnel | | --- | --- | --- | | Changjiang Securities | Securities company | Zhang Chenchen | | GF Securities | Securities company | Qiu Jingbo | | Xinyuan Fund | Fund management company | Fei Fan, Liu Yitao | [18] 3.3 Main Content Data - Half - year report situation: The company's net profit attributable to the parent in the first half of the year is expected to be a loss of 30 million - 58 million yuan, mainly due to the low - point market of the super - hard materials sector and the impact on the special equipment sector [22] - Measures to achieve business goals: The company and its subsidiaries will optimize the industrial layout, increase R & D investment, expand the market, and reduce costs and increase efficiency [22] - Gross profit margin of special business: The overall gross profit margin of special business has increased in recent years [22] - Military trade business: The company conducts military trade through third - parties and will improve the management system, actively cooperate with third - parties, and increase export efforts [23] - Price and demand of industrial diamonds and cultivated diamonds in 2025: The price of industrial diamonds is on a downward trend with stability in the second half, and the demand is weakening; the market demand for cultivated diamonds is on the rise [23] - Future gross profit margin of industrial diamonds and cultivated diamonds: The current gross profit margin is between 10% - 20%. The gross profit margin of industrial diamonds is expected to decline, and that of cultivated diamonds will fluctuate slightly [23]