Core Viewpoint - The hydrogen energy industry is focusing on quality assurance through comprehensive testing and standards, which is essential for its safe and effective development [2][3][4]. Group 1: Industry Development - A dialogue on hydrogen energy testing needs and technological bottlenecks was held in Dalian, involving over 70 representatives from government, research institutions, and industry [1]. - The establishment of a hydrogen energy standard system in Dalian is a significant development, covering key areas such as hydrogen production, storage, and application, which provides clear guidelines for purity and safety standards [2][3]. - The Dalian Hydrogen Energy Testing Center has been established to support the entire hydrogen energy supply chain, ensuring quality and safety in operations [3][6]. Group 2: Technological Innovation - The Dalian Testing and Certification Group showcased a lifecycle testing solution for hydrogen tanks, which monitors pressure changes and leakage risks, enhancing operational safety for hydrogen fuel cell vehicles [3]. - Collaborative efforts among government, research institutions, and enterprises are fostering innovation in hydrogen energy applications, with projects like green hydrogen and green alcohol expected to commence construction soon [4][5]. Group 3: Regional Collaboration - Dalian is leading the establishment of a "Northeast Hydrogen Energy Expressway," facilitating cross-province logistics for hydrogen vehicles and reducing operational costs through mutual recognition of testing results [5][6]. - The region is also positioning itself as a hub for hydrogen energy shipping, with initiatives like the construction of green methanol berths and the promotion of hydrogen fuel cell vehicles [6].

9月23日，深圳国资系上市公司深赛格（000058.SZ）发布公告，公司副总经理、财务负责人兼董事会秘 书肖军因内部工作调整辞去三项核心职务，辞职后将专职担任控股子公司深圳市赛格地产投资股份有限 公司党总支书记、董事长、总经理。 金融老将深耕地产子公司，专业人才补位核心岗 为保障经营连续性，公司已于9月22日召开董事会，聘任于海洋为副总经理、冯岩为副总经理兼财务负 责人，冯岩同时代行董事会秘书职责，填补高管空缺。 业绩方面，今年上半年，深赛格实现营业收入7.51亿元，同比下滑6.32%；归母净利润4734.56万元，同 比下滑7.04%，但扣非归母净利润达5569.42万元，同比增长5.56%。报告期内，营收与归母净利润小幅 下滑，主要原因是物业经营管理与城市服务业务不及上年。 出生于1972年的肖军，拥有近三十年金融与产业管理经验。其职业生涯始于工商银行深圳分行信用卡 部，后历任浦发银行个人银行部高级经理、平安银行零售风险管理部室主任、广州银行公司业务一部总 经理，在信贷风控、资金运作等领域积累了丰富的经验。 2015年后，肖军跨界进入产业端，担任赛格小额贷款公司副总经理，随后逐步接管地产、新能源等核心 板 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company's Q2 net profit attributable to shareholders increased by 26% year-on-year, exceeding expectations, with the integrated circuit testing segment showing remarkable growth [3] - In the first half of 2025, the company achieved total operating revenue of 990 million yuan, a year-on-year increase of 8%, and a net profit of 120 million yuan, up 14% year-on-year [3] - The company is expected to benefit from the demand recovery in special industries and the domestic semiconductor supply chain, with performance growth likely to continue [5] Financial Performance Summary - For the first half of 2025, the company's gross profit margin was 41.9%, a decrease of 3.2 percentage points year-on-year, while the net profit margin was 13.5%, an increase of 0.3 percentage points year-on-year [4] - The revenue from the environmental testing services segment was 490 million yuan, up 6% year-on-year, while the integrated circuit testing segment generated 160 million yuan, a growth of 21% year-on-year [3][4] - The company has adjusted its net profit forecasts for 2025-2027 to 2.8 billion yuan, 3.5 billion yuan, and 4.3 billion yuan respectively, with corresponding P/E ratios of 30, 24, and 19 [11]