Group 1 - The report highlights the positive economic outlook in China, with the central government emphasizing coordinated macro policies to boost confidence and promote high-quality development [1][22][23] - The focus on artificial intelligence is reiterated, with the government aiming to leverage its advantages to ensure safe and beneficial development in this sector [1][22] - The report anticipates a recovery in the military industry, driven by geopolitical tensions and increased allocations from active funds, particularly in the military electronics sector [3][9] Group 2 - The pet food market is experiencing significant growth, with the urban pet consumption market reaching 300.2 billion yuan, reflecting a 7.5% year-on-year increase [5][8] - Online sales channels are dominating the pet food market, with 80% of pet owners purchasing main food through traditional online platforms, and Douyin's pet category seeing a 65% year-on-year growth [5][8] - The report identifies a shift in consumer behavior towards premium pet products, driven by younger pet owners who are willing to spend more on their pets [5][8] Group 3 - The semiconductor testing equipment sector is showing strong demand recovery, with the company reporting a 45.21% year-on-year revenue increase in Q1 2025 [9] - The company is expanding its international market presence, with a new production center in Malaysia aimed at enhancing service capabilities [9] - The military aviation sector is also highlighted, with a significant increase in revenue from training aircraft, reflecting a growing demand both domestically and internationally [9][10] Group 4 - The home appliance sector is benefiting from strong overseas demand, with a 21.68% year-on-year increase in export revenue, while domestic sales are under pressure [10][11] - The company is expected to see a gradual recovery in domestic sales due to low base effects, despite current challenges [10][11] - The report projects a positive outlook for the company, with anticipated revenue growth driven by international markets [10][11] Group 5 - The energy sector is experiencing stable performance, with a reported 15.62% year-on-year revenue increase in 2024, and a focus on expanding natural gas infrastructure [17][18] - The company is actively investing in pipeline construction to enhance its distribution capabilities, which is expected to support future growth [17][18] - The report indicates a strong commitment to shareholder returns, with a dividend payout ratio of 69.12% in 2024 [17][18]

Investment Rating - The investment rating for the company is "Buy" with a target price set at 84 CNY [5]. Core Insights - The company reported a revenue of 407 million CNY in 2024, representing a year-on-year increase of 17.12%, while the net profit attributable to shareholders decreased by 7.44% to 78.48 million CNY. In Q1 2025, the company achieved a revenue of 129 million CNY, a significant increase of 45.21%, and a net profit of 26 million CNY, up 72.29% year-on-year [1][4]. - The semiconductor packaging and testing equipment sector is experiencing a demand recovery, contributing to the company's strong performance in Q1 2025 [1]. - The company is focused on expanding its product line in the semiconductor testing equipment market, with new features added to its testing sorting machines and an increase in the revenue share of the EXCEED - 9000 series to 25.80% in 2024 [2][3]. Financial Performance Summary - In 2024, the company achieved a revenue of 406.67 million CNY, with a growth rate of 17.12%. The EBITDA was 142.09 million CNY, and the net profit attributable to the parent company was 78.48 million CNY, reflecting a decline of 7.44% [4][11]. - The forecast for 2025 and 2026 indicates a significant increase in net profit, with estimates of 191.25 million CNY for 2025 and 262.49 million CNY for 2026, representing growth rates of 143.68% and 37.25%, respectively [4][11]. - The company has a total market capitalization of 5,040 million CNY and a circulating market capitalization of 3,513.41 million CNY [6]. Research and Development Progress - The company is advancing its R&D efforts with the "Intelligent Manufacturing and Innovative R&D Center for Semiconductor Testing Equipment" project progressing as planned. Additionally, the establishment of a production and operation center in Malaysia aims to enhance service capabilities in overseas markets [3]. Employee Engagement - The company has implemented an employee stock ownership plan approved on March 18, 2024, involving up to 109 participants, including directors and key personnel, to enhance talent retention and motivation [4].

金海通（603061）公告，2025年第一季度营收为1.29亿元，同比增长45.21%；净利润为2565.85万元， 同比增长72.29%。 ...

Group 1 - The semiconductor materials ETF (562590) has seen a recent increase of 0.09%, marking its fifth consecutive rise, with the latest price at 1.1 yuan [3] - As of April 11, 2025, the semiconductor materials ETF has achieved a net value increase of 31.41% over the past year, ranking 234 out of 2713 index stock funds, placing it in the top 8.63% [4] - The top ten weighted stocks in the semiconductor materials index account for 60.82% of the total index weight, with notable companies including North Huachuang (002371) and Zhongwei Company (688012) [5][7] Group 2 - The semiconductor materials ETF has shown a significant increase in trading volume, with an average daily transaction of 21.02 million yuan over the past week, ranking second among comparable funds [3] - The ETF has demonstrated high tracking accuracy, with a tracking error of only 0.012% over the past month, the highest among comparable funds [4] - The report from CITIC Securities indicates that the domestic analog chip companies are likely to benefit from the increased tariffs on chips manufactured in U.S. wafer factories, emphasizing the importance of self-sufficiency amid the U.S.-China trade tensions [5]

对于大多数科技类企业而言，持续增加研发费用能够增强企业的技术壁垒，提升行业竞争力，进而对公司经营规模和盈 利质量的提升产生积极影响。然而，金海通虽然在2024年研发费用有所增长，但从盈利数据来看，公司2024年的归母净 利润下滑了2.49%，降至0.78亿元。毛利率也下滑了1.75个百分点，从49.21%降至47.46%。 关键词阅读：金海通 从金海通已发布的2024年年报来看，2024年公司的研发费用达到0.42亿元，相较于2023年的0.38亿元，增长了8.35%。不 过，研发费用占营业收入的比重从2023年的11.07%下降至2024年的10.24%。截至2024年末，公司销售费用占营业收入的 比重为8.02%，低于研发费用占比，这在科技类企业中属于正常现象。从研发人员数量来看，2023年为118人，2024年减 少至112人。总体而言，2024年金海通呈现出2项表现较好(重视研发、轻视销售，研发费用增长)和2项表现较差(研发费用 占比下降，研发人员数量减少)的研发状况。 半导体设备行业属于高精尖的创新型行业，契合国家发展的大趋势，也是新质生产力的重要发展方向，这些特性决定了 相关企业需要展现出一定实力 ...

| 秀強敗份 | 预增 | 净利润同比赖增2%-22% | | --- | --- | --- | | 中远海发 | 预增 | 净利润同比预增约7.38% | | 冰川网络 | 预盈 | 预计净利润1.76亿元-2.28亿元 同比扭亏 | | 国电南自 | 预盈 | 预计净利润2730万元-3270万元 同比扭亏 | | 嘉元科技 | 预盈 | 预计净利润2200万元-3000万元 同比扭亏 | | 先达股份 | 预盈 | 预计净利润2000万元-2300万元 同比扭亏 | | 新北洋 | 预警 | 预计净利润360万元-490万元 同比扭亏 | 24家A股上市公司盘后披露一季度业绩预增或预盈公告 锐捷网络同比最高预增5311% 智通财经4月9日电，截至发稿，据智通财经不完全统计，盘后有包括锐捷网络、东方精工、炬芯科技、星网锐捷、移远通信、智微智能、金力 泰、华安证券、中国银河、金海通、壶化股份、中际旭创、国脉科技、华泰证券、百龙创园、福能股份、东方钽业、秀强股份、中远海发、冰川 网络、国电南自、嘉元科技、先达股份和新北洋在内的24家A股上市公司盘后披露一季度业绩预增或预盈公告。其中，锐捷网络、东方精工、炬芯 ...

证券代码：603061 证券简称：金海通 公告编号：2025-015 天津金海通半导体设备股份有限公司 2025 年第一季度主要经营情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 经天津金海通半导体设备股份有限公司（以下简称"公司"）财务部门 初步测算，公司预计 2025 年第一季度实现营业收入约为 1.28 亿元，同比增长约 45%；预计 2025 年第一季度实现归属于上市公司股东的净利润为 2300 万元至 2700 万元，同比增长 54%至 81%。 一、 公司 2025 年第一季度经营情况 近期，公司所在的半导体封装和测试设备领域需求回暖。2025 年第一季度， 公司持续进行技术研发和产品迭代，三温测试分选机及大平台超多工位测试分选 机（针对于效率要求更高的大规模、复杂测试）需求增长，公司测试分选机产品 销量提升，公司 2025 年第一季度业绩实现较好的增长。 经公司财务部门初步测算，公司预计 2025 年第一季度实现营业收入约为 1.28 亿元，同比增长约 45%；预计 2025 年第一季 ...

证券代码：603061 证券简称：金海通 公告编号：2025-014 天津金海通半导体设备股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由天津金海通半导体设备股份有限公司（以下简称"公司"）董事会召集，采用现场投票与网络 投票相结合的方式召开，公司董事长崔学峰先生主持会议。本次会议的召集、召开程序及表决方式等符 合《公司法》等法律、法规及《公司章程》的有关规定。 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ 注：有表决权股份总数指公司总股本剔除截至股权登记日公司回购专用证券账户中的1,734,770股，及 2024年员工持股计划证券账户中的689,200股后的股份总数57,576,030股。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025年4月8日 (二)股东大会召开的地点：上海市青浦区嘉松中路2188号天津金海通 ...

金海通 2024 年年度股东大会会议资料 公司代码：603061 公司简称：金海通 天津金海通半导体设备股份有限公司 会议资料 上海市 金海通 2024 年年度股东大会会 议资料 金海通 2024 年年度股东大会会议资料 天津金海通半导体设备股份有限公司 股东报到登记、入场时间：2025 年 4 月 8 日（星期二）下午 13:00 - 14:00 召开时间：2025 年 4 月 8 日（星期二）下午 14:00 召开地点：上海市青浦区嘉松中路 2188 号天津金海通半导体设备股份有限公司 上海分公司 M 层会议室 网络投票时间：2025 年 4 月 8 日，采用上海证券交易所网络投票系统，通过交 易系统投票平台的投票时间为股东大会召开当日的交易时间段，即 9:15-9:25， 召集人：董事会 主持人：董事长崔学峰先生 参会人员： 一、在股权登记日持有公司股份的股东或其授权代表； 本次股东大会的股权登记日为 2025 年 4 月 1 日，于股权登记日下午交易结束后 在中国证券登记结算有限责任公司上海分公司登记在册的公司股东均有权出席本次 临时股东大会和参加表决，并可以以书面形式授权他人代为出席和参加表决（被授 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting significant growth in stock price relative to the benchmark index over the next six months [10][16]. Core Insights - The company achieved a revenue of 407 million yuan in 2024, representing a year-on-year increase of 17.12%. The net profit attributable to shareholders was 78.48 million yuan, a decrease of 7.44% year-on-year, but adjusted net profit after excluding share-based payment effects was 87.21 million yuan, reflecting a growth of 2.85% [2][3]. - The semiconductor industry is showing signs of marginal recovery, particularly in the packaging and testing equipment sector. The company's EXCEED-9000 series products' revenue contribution increased to 25.80% in 2024 from 11.45% in 2023, driven by rising demand in specific market segments and enhanced product configurations [3][4]. - The company is actively pursuing product innovation and technology upgrades, with new testing functions added to its sorting machines. The establishment of a semiconductor testing equipment innovation and manufacturing center is expected to enhance its competitive edge [4][5]. Summary by Sections Financial Performance - In 2024, the company reported a revenue of 407 million yuan, with a growth rate of 17.12%. The net profit attributable to shareholders was 78.48 million yuan, down 7.44% year-on-year, while adjusted net profit was 87.21 million yuan, up 2.85% [2][12]. - Projections for 2025, 2026, and 2027 indicate revenues of 700 million yuan, 930 million yuan, and 1.18 billion yuan, respectively, with corresponding net profits of 200 million yuan, 300 million yuan, and 400 million yuan [10][12]. Market Position and Strategy - The company is focusing on expanding its global market presence and enhancing product offerings through continuous R&D investments. The establishment of a production center in Malaysia is aimed at better serving market demands [4][5]. - The company has made strategic investments in four firms related to semiconductor testing and packaging, indicating a proactive approach to technology and market positioning [5][9]. Valuation Metrics - The current stock price corresponds to a price-to-earnings (P/E) ratio of 60.01 for 2024, which is expected to decrease to 23.18, 15.70, and 11.72 for 2025, 2026, and 2027, respectively [12][10].