丨证券研究报告丨 请阅读最后评级说明和重要声明 公司研究丨点评报告丨阿特斯（688472.SH） [Table_Title] Q2 组件业务盈利修复，储能业务量利表现优异 报告要点 [Table_Summary] 阿特斯发布 2025 年半年报，2025H1 公司实现收入 210.52 亿元，同比下降 4.13%；归母净利 7.31 亿元，同比下降 41.01%；其中，2025Q2 实现收入 124.67 亿元，同比增长 0.85%，环比 增长 45.2%；归母净利 6.84 亿元，同比增长 3.51%，环比增长 1346.82%。 分析师及联系人 [Table_Author] %% %% %% %% research.95579.com 1 邬博华 曹海花 王耀 任佳惠 申浩树 SAC：S0490514040001 SAC：S0490522030001 SAC：S0490524120006 SAC：S0490524070005 SAC：S0490525060004 SFC：BQK482 阿特斯（688472.SH） cjzqdt11111 [Table_Title2] Q2 组件业务盈利修复，储能业务量利表 ...

Group 1: Company Strategy - The company plans to continuously upgrade technology for small current, micro current, and high-precision equipment to maintain its competitive advantage in the field [4] - The expansion into the detection market for large current and high-power battery cells is identified as a key driver for future performance growth [4] - The company aims to leverage existing technological accumulation to increase market share in high-precision battery testing and formation equipment, seeking further performance growth [4] Group 2: Dividend and Investment Plans - The company actively supports the CSRC's initiative to encourage cash dividends and will distribute dividends when cash conditions are met [4] - Currently, there are no acquisition plans; however, the company will monitor opportunities for mergers and acquisitions in line with policies from the CSRC and Beijing Stock Exchange [4]