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又一上市公司,卖房!
Zhong Guo Ji Jin Bao· 2025-05-12 12:43
【导读】凤凰光学拟3156万元出售上海房产 中国基金报记者 忆山 不涉及关联交易 预计对公司经营等产生积极影响 公告显示,为盘活闲置资产,凤凰光学拟出售其所持有的位于上海市普陀区长寿路97号世纪商务大厦1701-1716室办公房产。该房产建筑面积总计为 1304.85平方米,规划用途为办公。 截至评估基准日,交易标的房产账面原值为2920.62万元,账面净值为2193.88万元,在保持现有用途维持现状的前提下资产的评估值为3090.21万元,与原 值相比增值率为5.81%。 今年3月31日至4月27日,拟出售的房产在联交所公开挂牌征集受让方,5月9日,公司收到联交所《竞价结果通知》和《组织签约通知》,上海诚静奥企业 管理有限公司最终以3155.9125万元的报价成为部分资产(上海市普陀区长寿路97号1701-1716室办公房产)项目的受让方。 根据公告,上海诚静奥企业管理有限公司成立于2022年11月,法定代表人为李澔昀。经营范围包括:企业管理、企业管理咨询、工程管理服务、信息咨询 服务等。后续凤凰光学将与该公司签署《产权交易合同》。 凤凰光学称,本次出售房产的目的是盘活闲置资产、提高资产运营效率,出售房产所 ...
电子行业跟踪报告:SW电子2024&2025Q1业绩向好,AI和自主可控驱动增长
Wanlian Securities· 2025-05-12 12:23
证券研究报告|电子 [Table_Title] SW 电子 2024&2025Q1 业绩向好,AI 和自主 可控驱动增长 [Table_ReportType] ——电子行业跟踪报告[Table_ReportDate] [行业核心观点: Table_Summary] 2024 年,SW 电子行业实现营业收入 33,299.07 亿元,同比增长 16.90%; 毛利率为 15.47%,同比下滑 0.31pct,或主要受原材料成本压力影响; 整体期间费用率为 10.84%,同比下滑 0.77pct,体现出行业整体费用控 制有所优化;利润端,SW 电子行业 2024 年实现归母净利润 1292.96 亿 元,同比增长 43.07%,远大于同期营收增幅,体现行业盈利能力有所 改善。此外,2025Q1,SW 电子行业实现营收 8238.31 亿元,同比增长 17.98%,实现归母净利润 342.63 亿元,同比增长 29.58%;2025Q1 营 收、归母净利润均实现同比双位数增长,创下近三年 Q1 新高。 投资要点: ⚫ 半导体:2024 年板块整体业绩回暖,2025Q1 延续复苏态势。2025Q1 集 成电路制造、模 ...
电子行业跟踪报告:SW电子2024、2025Q1业绩向好,AI和自主可控驱动增长
Wanlian Securities· 2025-05-12 11:38
[行业核心观点: Table_Summary] 2024 年,SW 电子行业实现营业收入 33,299.07 亿元,同比增长 16.90%; 毛利率为 15.47%,同比下滑 0.31pct,或主要受原材料成本压力影响; 整体期间费用率为 10.84%,同比下滑 0.77pct,体现出行业整体费用控 制有所优化;利润端,SW 电子行业 2024 年实现归母净利润 1292.96 亿 元,同比增长 43.07%,远大于同期营收增幅,体现行业盈利能力有所 改善。此外,2025Q1,SW 电子行业实现营收 8238.31 亿元,同比增长 17.98%,实现归母净利润 342.63 亿元,同比增长 29.58%;2025Q1 营 收、归母净利润均实现同比双位数增长,创下近三年 Q1 新高。 投资要点: 证券研究报告|电子 [Table_Title] SW 电子 2024&2025Q1 业绩向好,AI 和自主 可控驱动增长 [Table_ReportType] ——电子行业跟踪报告[Table_ReportDate] ⚫ 半导体:2024 年板块整体业绩回暖,2025Q1 延续复苏态势。2025Q1 集 成电路制造、模 ...
中证港美上市全球智能汽车主题指数报5461.69点,前十大权重包含理想汽车-W等
Jin Rong Jie· 2025-05-12 10:02
Group 1 - The core index, the China Securities Hong Kong and US Listed Global Smart Car Theme Index, reported a value of 5461.69 points, with a recent one-month increase of 8.39%, a three-month decrease of 10.04%, and a year-to-date decline of 9.83% [1] - The index comprises 50 listed companies involved in smart automotive sectors such as perception positioning, decision planning, control execution, smart cockpit, and vehicle networking, reflecting the overall performance of these companies in the Hong Kong and US markets [1] - The index is based on a starting point of 1000.0 points as of December 30, 2016 [1] Group 2 - The top ten holdings of the index include Li Auto-W (9.52%), NVIDIA Corp (9.44%), Xpeng Motors-W (8.84%), Tesla Motors Inc (8.59%), Marvell Technology Group Ltd (6.26%), Rivian Automotive Inc. (5.6%), Lucid Group Inc (3.64%), Aurora Innovation Inc. (3.61%), Baidu Group-SW (3.27%), and Analog Devices Inc (3.19%) [2] - The index's holdings are primarily listed on the Nasdaq Global Select Market (60.44%), followed by the Hong Kong Stock Exchange (29.66%), Nasdaq Capital Market (5.02%), and New York Stock Exchange (4.88%) [2] - In terms of industry distribution, passenger vehicles account for 23.02%, digital media for 3.27%, optical optoelectronics for 3.05%, and automotive parts and tires for 0.32% [2] Group 3 - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year [3] - Weight factors are adjusted in accordance with the sample changes, and generally remain fixed until the next scheduled adjustment [3] - Special circumstances may lead to temporary adjustments, including the removal of samples that are delisted or undergo mergers, acquisitions, or splits [3]
【港股拉升,恒生科技指数涨超5%】恒生科技指数涨幅扩大至超5%,恒生指数涨超3%。舜宇光学科技涨约17%,瑞声科技涨约16%。
news flash· 2025-05-12 07:14
Group 1 - The Hang Seng Technology Index increased by over 5%, while the Hang Seng Index rose by more than 3% [1] - Sunny Optical Technology surged approximately 17%, and AAC Technologies experienced a rise of around 16% [1]
投资策略:财报过后,供给出清、出口链与高股息再梳理
GOLDEN SUN SECURITIES· 2025-05-12 06:23
证券研究报告 | 策略研究 gszqdatemark 2025 05 12 年 月 日 投资策略 财报过后,供给出清、出口链与高股息再梳理 一、策略专题:供给出清、出口链与高股息再梳理 4 月 30 日,A 股 2024 年报与 2025 一季报披露完毕,我们结合最新数据 对供给出清、出口链与高股息行业进行再梳理。 从供需格局的角度,有两类行业值得关注,第一类是左侧思路的"供给出 清"行业,即库存与产能均处于较为明显的出清状态,在需求能够保持稳 定甚至高速增长的背景下,上述行业有望凸显盈利弹性,25Q1 具备上述 特征的行业主要包括塑料、通用设备、游戏、种植业、小金属、光学光电 子、通信服务。 即国内需求存在压力的情况下,海外收入占比较高的出口链有望取得独立 景气,我们结合 2024 年上市公司主营构成与海关总署披露的出口数据对 各行业海外收入占比进行测算,当前全球出口链重点行业包括其他家电、 消费电子、航运港口、小家电、工程机械等。 第二类行业是右侧思路的"强势扩产"行业,即营收高速增长反映需求旺 盛,同时产能扩张处于较高水平,未来有望通过提高产量推动利润扩张, 25Q1 具备上述特征的行业主要包括其他电子 ...
财报过后,供给出清、出口链与高股息再梳理-20250512
GOLDEN SUN SECURITIES· 2025-05-12 05:42
证券研究报告 | 策略研究 gszqdatemark 2025 05 12 年 月 日 投资策略 财报过后,供给出清、出口链与高股息再梳理 一、策略专题:供给出清、出口链与高股息再梳理 4 月 30 日,A 股 2024 年报与 2025 一季报披露完毕,我们结合最新数据 对供给出清、出口链与高股息行业进行再梳理。 1.3 高股息:交运与消费部分行业股息率有明显抬升 我们结合各行业 2025 年现金分红情况与最新的 PE( TTM)对预期股息率 进行测算,高股息重点行业包括煤炭开采、油气开采、炼化与贸易、航运 港口、白色家电等。值得提示的是,今年交运与消费部分行业股息率相对 上年有明显抬升,包括航运港口、物流、白色家电、装修建材等。 二、策略观点:变盘仍未结束,静待方向明确 大势研判:本周 A 股市场继续凸显韧性,ETF 保持净流出态势反映护盘资 金入场力度减少,而 A 股仍然稳中有升,同时成交量能保持在万亿以上。 此前我们指出,受海内外因素影响,市场处于变盘点,需要密切关注风格 是否出现切换:特朗普对华态度出现缓和、4 月政治局会议落地、A 股 2024 年报与 2025 一季报将完整披露。而目前来看,我们 ...
【私募调研记录】煜德投资调研希荻微、博思软件等4只个股(附名单)
Zheng Quan Zhi Xing· 2025-05-12 00:07
Group 1: Xi Di Wei - Xi Di Wei achieved total revenue of 545.51 million yuan in 2024, a year-on-year increase of 38.58%, with a gross profit of 169.67 million yuan, up 17.59% [1] - In Q1 2025, the company reported total revenue of 177.68 million yuan, a year-on-year increase of 44.56%, but a net loss of 27.26 million yuan, indicating a narrowing of losses [1] - The company's smart visual perception business, particularly the voice coil motor driver chips, is a major growth driver, with expected shipment value reaching 541.92 million yuan in 2024 [1] Group 2: Bo Si Software - Bo Si Software is actively embracing AI, developing a vertical scene strategy with diverse AI products, including medical collaboration tools and digital procurement solutions [2] - The company achieved total revenue of 2.14 billion yuan in 2024, a year-on-year increase of 4.79%, while net profit decreased by 7.44% [2] - Bo Si Software has made progress in electronic voucher business in medical and administrative sectors, promoting in over 20 regions [2] Group 3: Jia Man Apparel - Jia Man Apparel plans to adopt a cooperative model for adult shoes after the expiration of the Hush Puppies authorization, focusing on classic casual styles for men's and women's clothing [3] - The design and sales teams consist of company veterans and external hires, with positive feedback from franchisees regarding the 2025 autumn/winter product designs [3] - The company maintains a relatively stable dividend ratio and does not rule out increasing the dividend ratio in the future [3] Group 4: Hong Jing Optoelectronics - Hong Jing Optoelectronics reported high growth in panoramic/sports camera business and new ventures in Q1 2025, although gross margins declined due to high costs of new camera module chips [4] - The smart automotive business serves major clients like Desay SV and Baolong Technology, with end customers including Chery, Geely, and Xpeng [4] - The company aims to implement a "3+N" product strategy to expand into AI hardware and machine vision fields [4]
光电股份(600184):2025年一季度业绩显著修复 军民板块双轮驱动
Xin Lang Cai Jing· 2025-05-11 08:28
Core Viewpoint - The company reported a significant decline in 2024 revenue due to delays in defense product deliveries, but showed a recovery in Q1 2025 with a notable increase in revenue and profitability [1][4]. Financial Performance - In 2024, the company achieved revenue of 1.3 billion yuan, a year-on-year decrease of 41%, primarily due to delays in defense product deliveries. However, revenue from civilian products reached 760 million yuan, a year-on-year increase of 29% [1]. - The net profit attributable to shareholders for 2024 was -210 million yuan, a shift from profit to loss, mainly due to delayed defense product deliveries and increased R&D investments [1]. - For Q1 2025, the company reported revenue of 310 million yuan, a year-on-year increase of 33% and a quarter-on-quarter increase of 21%. The net profit attributable to shareholders was 960,000 yuan, marking a return to profitability [1]. Profitability Analysis - In 2024, the company's gross margin was 9.8%, a decrease of 6.9 percentage points year-on-year, while the net margin was -15.9%, a decline of 19 percentage points year-on-year, primarily due to delays in defense product deliveries [1]. - In Q1 2025, the gross margin improved to 19.2%, an increase of 6.6 percentage points year-on-year, and the net margin was 0.4%, an increase of 4.5 percentage points year-on-year, indicating a rapid recovery in profitability [1]. Expense Analysis - The expense ratio for 2024 was 26.2%, an increase of 11.7 percentage points year-on-year. The breakdown includes a sales expense ratio of 0.7%, a management expense ratio of 12.9%, a R&D expense ratio of 13.1%, and a financial expense ratio of -0.52% [2]. Industry Insights - The defense sector is experiencing rapid advancements in information technology and increasing demand for precision-guided munitions. The company is a leader in this niche market with high product barriers [2]. - The company possesses strong core technology in laser-guided munitions and is actively expanding into infrared, television, radar, and composite guidance technologies, anticipating a continuous release of demand as the penetration of precision-guided weapons increases [2]. - The optical materials and components industry is seeing a shift towards China, with the company’s subsidiary covering the entire industry chain from materials to infrared lenses, holding a global market share of approximately 15% and a Chinese market share of about 30% [3]. Investment Outlook - The company is expected to achieve revenues of 2.3 billion yuan, 3 billion yuan, and 3.8 billion yuan from 2025 to 2027, with a compound annual growth rate (CAGR) of 28%. The net profit attributable to shareholders is projected to be 80 million yuan, 110 million yuan, and 140 million yuan during the same period, with a CAGR of 31% [4].
清溢光电: 关于开设募集资金专户并签署募集资金专户存储监管协议的公告
Zheng Quan Zhi Xing· 2025-05-09 12:16
证券代码:688138 证券简称:清溢光电 公告编号:2025-020 深圳清溢光电股份有限公司 关于开设募集资金专户并签署募集资金专户存储监管协议 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏,并对其内容的真实性、准确性和完整性依法承担法律责任。 一、募集资金的基本情况 根据中国证券监督管理委员会于 2025 年 4 月 7 日出具的《关于同意深圳清 溢光电股份有限公司向特定对象发行股票注册的批复》 (证监许可2025723 号), 同意公司 2023 年度向特定对象发行 A 股股票(以下简称"本次发行"或"本次 向特定对象发行")。公司本次向特定对象发行人民币普通股 48,000,000 股, 发行价格为每股人民币 25.00 元,共募集资金人民币 1,200,000,000.00 元,扣 除不含税发行费用人民币 12,990,566.05 元,实际募集资金净额为人民币 1, 审验,并出具了天健验〔2025〕3-20 号《验资报告》。 二、募集资金专户的开立及募集资金监管协议签订情况 (一)募集资金专户开立的审议程序 公司于2023年12月5日召开第九届董事会第 ...