2025年6月14日 ， 日联科技集团股份有限公司（以下简称"日联科技"）发布公告，宣布以自有资金6,075万元收购珠海九源电力电子科技有 限公司（以下简称"珠海九源"）45%股权，并增资3,000万元。交易完成后，日联科技将持有珠海九源55%股权，实现控股并纳入合并报表 范围。 导读： 此次收购珠海九源，是日联科技践行 "横向拓展、纵向深耕" 发展战略，在打造工业检测平台型企业进程中迈出关键一步。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 珠海九源是一家国家级高新技术企业，专注于高端新能源电能变换设备及检测产品的研发、生产与销售，在锂电池电性能检测、储能变流器及 电网模拟系统技术方面具备深厚技术积累和自主知识产权。其产品涵盖新能源电池电性能检测系统、电网模拟系统、储能PCS系统等，在行业 内拥有较高的市场认可度。 日联科技作为国内工业X射线智能检测装备及核心部件的领先企业，产品广泛应用于集成电路、电子制造、新能源电池等多个检测领域。2024 年度，日联科技实现营业收入7.39亿元，同比增长25.89%；归属于上市公司股东的净利润1. ...

公司报告 | 年报点评报告 立讯精密（002475） 证券研究报告 业绩符合预期，横向拓展+垂直整合+全球化布局持续强化竞争力 事件：公司发布 2024 年年报、2025 年一季报、2025 年半年报业绩预告。2024 年公司实现营收 2687.95 亿元，yoy+15.91%，实现归母净利润为 133.66 亿元，yoy+22.03%。25Q1 实现营业总收 入 617.88 亿元，yoy+17.90%，实现归母净利润为 30.44 亿元，yoy+23.17%。预计 25H1 实现归母 净利润 64.75-67.45 亿，yoy+20-25%。 点评：24 年业绩符合预期，横向拓展+垂直整合+全球化布局持续强化竞争力。2024 年公司实现 营收 2687.95 亿元，yoy+15.91%，实现归母净利润为 133.66 亿元，yoy+22.03%。分业务板块看， 电 脑 /汽 车/ 通讯 /消 费电 子/ 其他 分 别实 现营 收 90.02/137.58/183.60/2240.94/35.81 亿元， yoy+20.15%/+48.69%/+26.29%/ +13.65%/+4.13% ，毛利率 分别为 ...

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [6][18]. Core Views - The company's performance in 2024 is in line with expectations, driven by horizontal expansion, vertical integration, and a strengthened global layout [2][3]. - The company achieved a revenue of 268.795 billion yuan in 2024, representing a year-over-year growth of 15.91%, and a net profit attributable to the parent company of 13.366 billion yuan, up 22.03% year-over-year [2][3]. - For Q1 2025, the company reported total revenue of 61.788 billion yuan, a year-over-year increase of 17.90%, with a net profit of 3.044 billion yuan, up 23.17% year-over-year [3]. Financial Performance Summary - The company expects to achieve a net profit of 6.475 to 6.745 billion yuan in H1 2025, representing a year-over-year growth of 20% to 25% [2]. - The revenue breakdown by business segments for 2024 includes: - Computers: 9.002 billion yuan (yoy +20.15%) - Automotive: 13.758 billion yuan (yoy +48.69%) - Communications: 18.360 billion yuan (yoy +26.29%) - Consumer Electronics: 224.094 billion yuan (yoy +13.65%) - Others: 3.581 billion yuan (yoy +4.13%) [2]. - The gross profit margins for these segments were 18.9%, 16.1%, 16.4%, 9.1%, and 18.9% respectively, with slight variations year-over-year [2]. Business Segment Insights - The consumer electronics segment is focusing on horizontal expansion and vertical integration, aiming to enhance long-term growth potential through a strategy that includes "scene ecology, AI empowerment, and global collaboration" [3]. - The automotive segment continues to show strong growth, with new projects expected to ramp up production in 2025, particularly in high-voltage and high-speed wiring harnesses [5]. - The communications business is developing a complete technology matrix, with significant advancements in high-speed cable products and power management solutions expected to double revenue and profit in 2025 [4]. Financial Projections - The company forecasts revenues of 311.802 billion yuan in 2025, with a growth rate of 16% [11]. - The net profit attributable to the parent company is projected to be 16.484 billion yuan in 2025, reflecting a growth rate of 23.33% [11]. - The earnings per share (EPS) is expected to reach 2.27 yuan in 2025, with a price-to-earnings (P/E) ratio of 13.42 [11].