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小牛公司20250521
2025-05-21 15:14
小牛公司 20250521 摘要 2025 年一季度,小牛电动中国区门店增至 4,119 家,净增约 400 家, 总营收 6.82 亿元,同比增长 35%,中国区收入占比 89%,海外市场收 入 7,400 万元。预计二季度营收同比增长 40%-50%,达 13-14 亿元。 中国区整车收入同比增长 39%至 5.46 亿元,但 ASP 同比下降 16%至 2,985 元,主要因高端铅酸车型销量增长。预计二季度 ASP 将回升,新 品如 NX Pro、FX Pro 定价在 4,700 元以上将拉动均价。 海外整车收入同比增长 22%至 6,000 万元,ASP 从 2,577 元提升至 2,962 元,得益于高价电摩产品销量增加。一季度电摩销量达 1,500 台, 接近去年全年一半,预计全年销量增长近 5 倍至 15,000 台。 一季度毛利润 1.18 亿元,毛利率 17.3%,同比下降 1.6 个百分点,但 环比提升 4.9 个百分点。中国区业务对毛利有正向推动,海外滑板车业 务受关税和海运费影响,拖累毛利。 一季度营运费用 1.65 亿元,费用率从去年同期的 33%降至 24%,销售 费用占比下降。净 ...
盛美上海: 2024年度向特定对象发行A股股票募集资金使用可行性分析报告(二次修订稿)
Zheng Quan Zhi Xing· 2025-05-21 12:09
盛美半导体设备(上海)股份有限公司 ACM Research(Shanghai), Inc. (中国(上海)自由贸易试验区丹桂路 999 弄 5、6、7、8 号全幢) 股票简称:盛美上海 股票代码:688082 募集资金使用可行性分析报告 (修订稿) 二〇二五年五月 盛美半导体设备(上海)股份有限公司(以下简称"盛美上海"或"公司")是 上海证券交易所科创板上市的公司。为满足公司业务发展的资金需求,增加公司 (以下简称"《公司法》")、 资本实力,提升盈利能力,根据《中华人民共和国公司法》 《中华人民共和国证券法》(以下简称"《证券法》")和《上市公司证券发行注 册管理办法》(以下简称"《注册管理办法》")等有关法律法规和规范性文件的 规定,拟向特定对象发行股票不超过 44,129,118 股(含本数),募集资金总额不 超过 448,200.00 万元(含本数),扣除发行费用后的募集资金净额用于"研发和工 艺测试平台建设项目"、 "高端半导体设备迭代研发项目"以及补充流动资金。公 司编制了 2024 年度向特定对象发行 A 股股票募集资金使用可行性分析报告。本 报告中如无特别说明,相关用语具有与《盛美半导体设 ...
Q1归母扣非净利润暴增194.14%,平台化加速推进的盛美上海(688082.SH)有望迎“戴维斯双击”
智通财经网· 2025-05-13 00:47
Core Viewpoint - Shengmei Shanghai (688082.SH) demonstrates strong growth momentum driven by its core strategies of "technological differentiation, product platformization, and global customer base," as evidenced by its impressive Q1 2025 financial results [1][14]. Financial Performance - In Q1 2025, Shengmei Shanghai reported revenue of 1.306 billion yuan, a year-on-year increase of 41.73%, and a net profit attributable to shareholders of 246 million yuan, a staggering year-on-year growth of 207.21% [1]. - The company's net profit after deducting non-recurring items reached 248 million yuan, reflecting a year-on-year increase of 194.14% [1]. - The revenue and net profit figures represent historical highs for the company in the same quarter [1]. Market Outlook - UBS forecasts Shengmei Shanghai's revenue to reach 7.05 billion yuan in 2025, with a compound annual growth rate of over 20% expected from 2025 to 2027 [2]. - The company has built strong competitive barriers, and the Q1 2025 results are seen as the beginning of accelerated performance release, with expectations of entering a new high-growth phase [2]. Order Backlog and Cash Flow - Shengmei Shanghai's contract liabilities totaled 1.228 billion yuan, a year-on-year increase of 31.13%, indicating a robust order backlog [4]. - The net cash flow from operating activities improved significantly to 93 million yuan, compared to a cash outflow of 155 million yuan in the same period last year [4]. Industry Context - The global semiconductor equipment market is expected to recover, with a projected market size of 113 billion USD in 2024, growing by 6.4% year-on-year [6]. - China is the largest semiconductor equipment market, with a compound annual growth rate exceeding 20% from 2020 to 2024, significantly outpacing global growth [9]. Product Diversification and Platform Development - Shengmei Shanghai has successfully developed a diverse product portfolio, including cleaning equipment, electroplating equipment, and various semiconductor process equipment, positioning itself as a leading platform enterprise in the industry [10]. - The company has achieved significant market shares in cleaning and electroplating equipment, with international market shares of 8% and 8.2%, respectively [10]. - The company is expanding its product offerings and has begun mass production of several new technologies, including advanced packaging electroplating equipment and atomic layer deposition (ALD) systems [11][12]. Future Growth Potential - Shengmei Shanghai's platform development is expected to accelerate, with new products projected to become significant revenue contributors in the next two to three years [12]. - The company is poised for continued high growth as it capitalizes on the recovery of the semiconductor industry and its strong order backlog [14].
车展季·大咖说丨上汽通用计划12个月推六款至境新车 卢晓:不做亏本生意,新能源汽车必须盈利
Mei Ri Jing Ji Xin Wen· 2025-04-27 07:02
每经记者 黄辛旭 每经编辑 孙磊 具体来看,上汽通用别克品牌发布了高端新能源子品牌"至境",并发布了全新一代的"逍遥"超级融合架构。 "过去8个月,上汽通用做了很多事情,团队也改变了很多。比如,提升项目开发速度、技术降本、调整内部决策机制、大刀阔斧组织架构改革等。"2025上 海车展期间,上汽通用汽车总经理卢晓在接受《每日经济新闻》记者采访时,回顾了从去年上汽通用人事变动之后的企业变化。 图片来源:企业供图 回顾去年,上汽通用的转折点在去年8月,新的管理层到来之后就迅速展开了一系列"急救"措施。 这些措施的效果从去年第四季度就已经开始显现。去年第四季度,上汽通用公司利润回正。今年一季度,上汽通用终端销量约12.9万辆,3月终端销量(含 出口)达到了4.7万辆。"上汽通用连续两个季度保持盈利,公司财务状况已经回到正常运营水平,表现甚至超越董事会的预期。在经营上,目前我们追求量 利平衡,过去两年更多追求的是量,但很难维持量和利的平衡,目前经营目标方针还是注重盈利性。"卢晓说。 公司系列调整的同时,卢晓认为上汽通用已经开始了合资品牌的反击战。在今年的上海车展上,上汽通用公布了诸多新产品和新技术。"全新的产品和技术 ...