以本次披露业绩预告均值计算，公司近年市盈率（TTM）图如下所示： 资料显示，公司主营POCT试剂及仪器。 中证智能财讯安旭生物（688075）1月30日晚间披露2025年度业绩预告，预计2025年归母净利润7100万元至8500万元，同比下降55.8%-63.08%；扣非净利润 预计1300万元-1560万元，同比下降58.84%-65.7%。以1月30日收盘价计算，安旭生物目前市盈率（TTM）约为60.16倍-72.03倍，市净率（LF）约0.99倍，市 销率（TTM）约11.05倍。 此外，美国政府加征关税使得部分区域市场订单减少，公司承担部分关税导致营业成本上升，加上汇率波动引起汇兑损失、利息收入降低及资产折旧摊销等 多方面原因导致利润同比下滑。 指标注解： 据公告，公司业绩变动原因为， 报告期内，公司主营业务保持稳健发展，为巩固在产业领域内的长期竞争优势，公司保持原有几大技术平台的先进性之 外，持续加大对新技术平台的战略性投入，同时国内外市场及注册证书等拓展，海外分子公司的布局致使费用增加。 市盈率=总市值/净利润。当公司亏损时市盈率为负，此时用市盈率估值没有实际意义，往往用市净率或市销率做参考。 市 ...

中证智能财讯利和兴（301013）1月23日晚间披露2025年度业绩预告，预计2025年归母净利润亏损1.2亿元至1.7亿元，上年同期盈利708.02万元；扣非净利润 亏损1.17亿元至1.67亿元，上年同期盈利380.73万元。以最新收盘价计算，市净率（LF）约8.34倍，市销率（TTM）约11.73倍。 以本次披露业绩预告均值计算，公司近年市盈率（TTM）图如下所示： 近年来市盈率变化情况（倍） 200 (倍) 0 -73.17 118.17 -112.10 -124.45 -170.72 179.28 -200 -189.49 =187.25 -400 -600 -800 2024-03-30 2023-09-30 ' -06-30 2023-12-30 ' 24-06-30 34-09-30 4-12-30 2n- ּ〇- 公司 -○- 行业均值 100 ହ 90 80 70 60 50 40 30 20 10 0 2023-12-30 | 2024-06-30 1 4-12-30 1 3-09-30 4-03-30 ' 4-09-30 1 2n~ 一〇- 公司 -〇- 行业均值 制图数据来自恒生聚源 ...

Core Viewpoint - Goldman Sachs' latest report indicates that Baidu's chip subsidiary, Kunlun Chip, has submitted a listing application in Hong Kong, marking a significant step in unlocking asset value for Baidu [2][3] Group 1: Kunlun Chip's IPO - Kunlun Chip officially submitted its listing application to the Hong Kong Stock Exchange on January 1, 2026, through a global offering of shares, including public offerings in Hong Kong and placements to institutional and professional investors [3][4] - Baidu holds a 59% controlling stake in Kunlun Chip, which is expected to remain a subsidiary post-IPO, allowing Baidu to release market value while maintaining control over its core computing infrastructure [4] Group 2: Financial Projections - Goldman Sachs estimates that Kunlun Chip's sales will reach approximately 35 billion RMB by 2025, with a projected increase to 65 billion RMB in 2026 due to strong growth in new products and orders [6][7] - External sales are expected to grow rapidly, accounting for 14% of total cloud sales by 2026, with high-quality recurring revenue from subscription services projected to make up 43% of Baidu Cloud's total revenue [9][20] Group 3: Valuation Insights - If Kunlun Chip is valued similarly to Cambricon at a 40x price-to-sales ratio, the value of Baidu's 59% stake could reach 22 billion USD, representing about 45% of Baidu's current market capitalization [2][19] - A conservative valuation range for Kunlun Chip's 100% equity is estimated between 5 billion to 20 billion USD, translating to a value of 3 billion to 11 billion USD for Baidu's stake, which is 6% to 23% of its current market cap [19] Group 4: Investment Catalysts - Investors should closely monitor four key catalysts: announcements regarding new orders or product upgrades from Kunlun Chip, progress on the IPO, updates on shareholder return policies in Q1 2026, and developments related to the Hong Kong listing and Southbound trading connections [21][22][24]

Core Viewpoint - The company Moer Thread is set to launch the largest IPO on the Sci-Tech Innovation Board this year, with an issue price of 114.28 yuan per share, resulting in a market capitalization exceeding 50 billion yuan, generating significant excitement and anticipation in the market [1] Group 1: IPO Details - The company plans to issue 70 million shares at a price of 114.28 yuan per share, aiming to raise approximately 8 billion yuan, with a net amount of about 7.576 billion yuan after expenses [1] - The total share capital is estimated to be around 470 million shares, leading to an estimated market value of approximately 53.715 billion yuan at the issue price [1] - The subscription date for both online and offline investors is set for November 24, 2025, with the results to be announced on November 28, 2025 [1] Group 2: Financial Performance and Valuation - Moer Thread has not yet achieved profitability, and its pricing is based on a high price-to-sales ratio of 122.51 times for 2024, which is considered high compared to industry peers [1][2] - The company has met the Sci-Tech Board's financial thresholds, including a projected market value of no less than 1.5 billion yuan and recent annual revenue of no less than 200 million yuan [2] - The company reported a significant increase in revenue from 0.46 billion yuan in 2022 to an expected 4.38 billion yuan in 2024, with a compound annual growth rate exceeding 200% [3] Group 3: Market Position and Strategy - Moer Thread is focused on developing full-function GPUs, with its market share in the domestic GPU market currently below 1%, indicating a long road ahead for growth [3] - The company plans to allocate the raised funds towards several R&D projects, including next-generation AI training and inference chips, graphics chips, and AI SoC chips [3] - The strategic placement of shares includes participation from notable investors such as Sequoia Capital, Tencent, and various investment firms with existing business relationships with Moer Thread [1][4] Group 4: Market Context and Future Outlook - The IPO comes at a time when domestic GPU companies are gaining traction due to export restrictions on Nvidia, creating a favorable environment for local alternatives [6] - Analysts believe that Moer Thread's self-developed full-function GPUs could position the company as an industry benchmark, although the company faces challenges in achieving short-term competitive parity [6] - The rapid timeline from IPO acceptance to approval, taking only 88 days, reflects the recent reforms in the Sci-Tech Innovation Board [4]

西安奕斯伟材料科技股份有限公司 首次公开发行股票科创板 1 上市公告书提示性公告 保荐人（主承销商）：中信证券股份有限公司 扫描二维码查阅公告全文 本公司及全体董事、监事、高级管理人员保证信息披露的内容真实、准确、 完整、及时，没有虚假记载、误导性陈述或重大遗漏。 经上海证券交易所审核同意，西安奕斯伟材料科技股份有限公司（以下简称 "西安奕材""公司""本公司"或"发行人"）发行的人民币普通股股票将于 2025 年 10 月 28 日在上海证券交易所科创板上市，上市公告书全文和首次公开发行 股票的招股说明书在上海证券交易所网站（http://www.sse.com.cn/）和符合中国 证监会规定条件网站（中国证券网，http://www.cnstock.com；中证网， http://www.cs.com.cn；证券时报网，http://www.stcn.comx；证券日报网， http://www.zqrb.cn）披露，并置备于发行人、上交所、本次发行保荐人（主承销 商）中信证券股份有限公司的住所，供公众查阅。 一、上市概况 （五）首次公开发行股票数量：537,800,000 股，均为新股，无老股转让 二、 ...