南方财经全媒体记者程浩东莞报道 在新能源汽车轻量化与消费电子创新材料的双重赛道上，东莞宜安科技股份有限公司正经历着一场考 验。 这家拥有三十余年技术沉淀的新材料企业，在2024年交出了一份喜忧参半的成绩单——全年营业收入 16.52亿元，同比下滑3.19%；归属于上市公司股东的净利润仅100.55万元，同比大幅下滑70.49%。 近年来，宜安科技盈利能力呈现持续弱化的趋势。从2019-2024年的财务数据来看，公司营业收入从 14.31亿元增长至16.52亿元，年均复合增长率仅为2.9%，远低于同期新能源汽车行业的增长速度；而归 母净利润则从1.03亿元下滑至100.55万元，呈现出明显的"增收不增利"特征。更为严峻的是，扣除非经 常性损益后，公司实际亏损2738.39万元，这已是连续三年主业亏损，尽管较2023年的亏损3644.52万元 有所收窄，但主业盈利能力持续低迷的状况仍未得到根本改善。 当前，宜安科技正处于一个发展的转折点。一方面，传统业务面临严峻的价格竞争，利润空间被不断挤 压；另一方面，新兴业务虽前景广阔，但短期内难以贡献显著业绩。这种青黄不接的状态，考验着管理 层的战略定力和执行能力。随着医用 ...

近期亚太科技（002540）发布2025年一季报，证券之星财报模型分析如下： 营收与利润 每股指标 每股净资产为4.45元，较去年同期减少2.34%；每股经营性现金流为-0.1元，同比大幅下降217.66%；每 股收益为0.08元，同比下降22.39%。这些指标反映了公司在资产质量和现金流方面的挑战。 总结 亚太科技在2025年一季度实现营业总收入17.85亿元，较去年同期增长5.08%。然而，归母净利润和扣非 净利润分别为9380.29万元和8949.26万元，分别同比下降23.25%和23.55%。这表明公司在收入增长的同 时，盈利能力有所下降。 盈利能力 总体来看，亚太科技2025年一季度的财务表现不尽如人意，尽管营业收入有所增长，但利润却出现了显 著下滑。同时，公司应收账款规模较大，需要密切关注其回收情况，以确保资金链的安全性和稳定性。 公司的毛利率为11.68%，较去年同期减少9.83个百分点；净利率为5.26%，同比减少了26.89个百分点。 这些数据显示公司在成本控制方面面临一定压力，导致利润率出现明显下滑。 费用情况 报告期内，公司的销售费用、管理费用及财务费用总计为6024.8万元，占营业收 ...

美国推出新一轮的单边关税政策 1 2025年4月2日，在美国的"解放日"中，美国政府宣布了国家紧急状态并推出了覆盖所有美国贸易伙伴 的"互惠"(reciprocal)关税政策。而在此之前，已经有多项针对其主要贸易伙伴（如中国，加拿大、墨 西哥等）的关税政策出台，部分已经进入执行状态。 在2024年，美国的进出口逆差超过了1.2万亿美元 1 ，在此情况下这一次的关税体现了两个特点，第 一为覆盖范围广——覆盖所有贸易伙伴，即使美国的贸易顺差国家也被加以10%的关税，第二为有针 对性的差异化税率，美国的主要贸易逆差国家和地区被加征更高的关税。 | 2 | | --- | 美国与中国的关税博弈自2018年始， 特朗普开始第二任期后再次升级 本文选自科尔尼 2025 年 4 月 8 日刊发的行业通讯，现全文分享。 中美作为全球最大的两大经济体，2024年中美双边贸易额约6800亿美元，其中美国对中国出口约 1600亿美元，美国从中国进口约5200亿美元，贸易逆差约3600亿美元 2 。 其中中国主要出口机电产品、纺织鞋服、金属制品等，美国主要出口机械电子、农产品、能源等，因 此这些行业中的企业受关税影响较大。 美国政府 ...

Group 1 - The actual controller, chairman, and CEO of Juran Smart Home, Wang Linpeng, has been detained, but the company's operations remain normal and unaffected [1] - Juran Smart Home reported a total revenue of 12.966 billion yuan in 2024, a decrease of 4.04% year-on-year, and a net profit of 883 million yuan, down 32.08% year-on-year, primarily due to economic fluctuations and increased competition in the home furnishing market [3][4] Group 2 - China Bank plans to raise up to 165 billion yuan through a private placement of A-shares, with the funds aimed at increasing its core tier one capital [4] - The issuance price for China Bank's shares is set at 6.05 yuan per share, which is 80% of the average trading price over the previous 20 trading days [4] - The Bank of Communications also plans to raise up to 120 billion yuan through a private placement, with the funds also designated for core tier one capital [5] Group 3 - SANY Heavy Industry reported a total revenue of 78.383 billion yuan in 2024, an increase of 5.9% year-on-year, and a net profit of 5.975 billion yuan, up 31.98% year-on-year [6][7] - The company's international main business revenue reached 48.513 billion yuan, accounting for 63.98% of total revenue, with significant growth in various regions [6][8] - SANY Heavy Industry has established 37 lighthouse factories and is recognized for its advanced smart manufacturing capabilities [8] Group 4 - East China Pharmaceutical achieved a total revenue of 41.906 billion yuan in 2024, a growth of 3.16%, and a net profit of 3.512 billion yuan, up 23.72% year-on-year [10][11] - The company has a robust pipeline of over 80 innovative drugs, focusing on diabetes and oncology [11][12] Group 5 - EVE Energy reported a total revenue of 48.615 billion yuan in 2024, a slight decrease of 0.35%, with a net profit of 4.076 billion yuan, an increase of 0.63% [13][14] - The company has seen significant growth in its energy storage business, with a shipment volume of 50.45 GWh, a year-on-year increase of 91.90% [15] Group 6 - China Unicom reported a revenue of 103.35 billion yuan in Q1 2025, a growth of 3.9%, and a net profit of 2.61 billion yuan, up 6.5% year-on-year [19] - Lens Technology achieved a revenue of 17.063 billion yuan in Q1 2025, a growth of 10.10%, with a net profit of 429 million yuan, up 38.71% year-on-year [20] Group 7 - Fuyao Glass reported a revenue of 9.910 billion yuan in Q1 2025, a growth of 12.16%, with a net profit of 2.030 billion yuan, up 46.25% year-on-year [21] - Zhuye Group reported a revenue of 4.803 billion yuan in Q1 2025, a growth of 8.50%, with a net profit of 277 million yuan, up 74.07% year-on-year [23] Group 8 - Cailong Technology reported a net profit growth of 87.55% in 2024, with total revenue of 11.664 billion yuan [32] - Ziyan Food reported a revenue of 3.363 billion yuan in 2024, with a net profit growth of 4.5% [33] Group 9 - Shunyi Environmental reported a revenue of 12.678 billion yuan in 2024, with a net profit growth of 41.58% [35] - Shougang Group turned a profit in Q1 2025, reporting a revenue of 26.533 billion yuan, down 10.18%, with a net profit of 328 million yuan [36] Group 10 - Keda Li reported a revenue of 12.030 billion yuan in 2024, with a net profit growth of 22.55% [38] - Betta Pharmaceuticals reported a revenue of 2.892 billion yuan in 2024, with a net profit growth of 15.67% [40] Group 11 - New Australia reported a revenue of 4.841 billion yuan in 2024, with a net profit growth of 5.96% [41] - Fawer reported a revenue of 16.468 billion yuan in 2024, with a net profit growth of 11.93% [42] Group 12 - Zhongwei Company reported a revenue of 9.065 billion yuan in 2024, with a net profit decrease of 9.53% [43] - Changying Precision reported a revenue of 16.934 billion yuan in 2024, with a net profit growth of 800% [44] Group 13 - Stanley reported a revenue of 10.263 billion yuan in 2024, with a net profit growth of 17.89% [45] - Puyang reported a revenue of 5.192 billion yuan in 2024, with a net profit decrease of 45.48% [46] Group 14 - Huangshi Group received a notice of administrative penalty for failing to disclose significant contracts, with potential fines for the company and responsible individuals [47] - Baosteel announced plans to acquire a 49% stake in Maanshan Steel through a combination of cash purchases and capital increases, with an estimated total investment of 9 billion yuan [48][49] Group 15 - Shengquan Group reported a revenue of 2.459 billion yuan in Q1 2025, with a net profit growth of 50.46% [50]

Core Viewpoint - The company reported a revenue of 1.098 billion yuan for 2024, reflecting a year-on-year growth of 15.60% [1] - The net profit attributable to shareholders reached 145 million yuan, with a year-on-year increase of 15.37% [1] - Basic earnings per share were 0.3861 yuan, marking a 15.25% growth compared to the previous year [1] Dividend and Share Distribution - The company plans to distribute a cash dividend of 1.2 yuan (including tax) for every 10 shares to all shareholders [1] - There will be no bonus shares distributed (0 shares) [1] - The company will not increase the share capital by transferring shares from the capital reserve, with a transfer of 0 shares for every 10 shares [1]

博威合金（601137）公告，2024年营业收入186.55亿元，同比增长5.06%。归属于上市公司股东的净利 润13.54亿元，同比增长20.47%。公司2024年度利润分配方案为向全体股东每10股派发现金股利5.01元 (含税)，总计派发现金股利4.06亿元，占归属于母公司股东的净利润比例为30.02%。本次利润分配不送 红股，不以公积金转增股本。 ...

Core Viewpoint - Xianglou New Materials achieved record-high operating revenue and net profit in 2024, with operating revenue reaching 1.485 billion yuan, a year-on-year increase of 9.74%, and net profit attributable to shareholders reaching 203 million yuan, a year-on-year increase of 12.26% [1] Group 1: Financial Performance - In 2024, the revenue breakdown includes 1.247 billion yuan from automotive precision stamping materials, 151 million yuan from industrial precision stamping materials, 13 million yuan from other precision stamping materials, and 73 million yuan from other businesses, with respective year-on-year growth rates of 10.05%, 13.76%, -14.69%, and 2.80% [1] Group 2: Competitive Advantages - The company has established multiple advantages in technology research, customer resources, and production capacity, holding 15 invention patents and 61 utility model patents as of the end of 2024, with R&D expenses amounting to 61 million yuan, a year-on-year increase of 20.21% [2] - Xianglou New Materials has formed long-term stable partnerships with renowned automotive parts suppliers, and its products are widely used by brands such as Tesla, BYD, and BMW [2] Group 3: Growth Strategy - The company is actively exploring a second growth curve by establishing a Robotics Materials Research Institute to focus on overcoming technical challenges in precision stamping materials and lightweight applications, aiming for technological breakthroughs through independent research and development [3] - The establishment of the research institute is a strategic move to open new growth opportunities and capitalize on the rapid development of humanoid robots [3]

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 【基础化工】中方对美实施关税反制，战略看好粮食安全主线——基础化工行业动态跟踪 当 地时间 25年4月2日，美国总统特朗普在白宫签署关于所谓"对等关税"的行政令，宣布美国对贸易伙伴 加征10%的"最低基准关税"，并对某些贸易伙伴征收更高关税。 （赵乃迪/胡星月） 2025-04-09 您可点击今日推送内容的第1条查看 【医药】进口替代有望加速，关注国产手术机器人市场份额攀升——手术机器人行业跟踪报告 国内手术机器人行业起步较晚，以商业化成熟度较高的腔镜手术机器人行业为例，国内市场基本由美国直 觉外科公司的达芬奇手术机器人垄断，随着多款国产手术机器人获批上市，达芬奇的垄断被逐步打破。 （王明瑞/吴佳青）2025-04-09 ...

Financial Performance - The company reported a basic earnings per share of -0.2112 yuan for 2024, a decrease of 285.4% compared to -0.0548 yuan in 2023 [1] - The net profit for 2024 was -1.92 billion yuan, a significant decline of 284% from -0.5 billion yuan in 2023 [1] - The operating revenue increased by 22.51% to 65.79 billion yuan in 2024, up from 53.7 billion yuan in 2023 [1] - The return on equity was -3.60% in 2024, a drop of 295.6% from -0.91% in 2023 [1] Shareholder Information - The top ten unrestricted shareholders collectively hold 17,795.62 million shares, accounting for 24.84% of the circulating shares, with a decrease of 141.34 million shares compared to the previous period [1] - The largest shareholder, Du Chengcheng, holds 5,606.29 million shares, representing 7.82% of the total share capital, with no change in holdings [2] - Chen Bin, another shareholder, reduced his holdings by 150 million shares, now holding 1,360 million shares, which is 1.90% of the total [2] Dividend Distribution - The company announced a dividend distribution plan of 0.1 yuan per share (including tax) [3]

Financial Performance - The basic earnings per share for 2024 is 0.0137 yuan, a decrease of 78.04% compared to 0.0624 yuan in 2023 [1] - The operating revenue for 2024 is 340 million yuan, down 21.84% from 435 million yuan in 2023 [1] - The net profit for 2024 is 7 million yuan, a decline of 78.13% from 32 million yuan in 2023 [1] - The return on equity for 2024 is 2.67%, a significant drop of 79.65% from 13.12% in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 196.50 million shares, accounting for 38.39% of the circulating shares, with a decrease of 9.87 million shares compared to the previous period [1] - The largest shareholder, Nanning Yiran Elderly Care Industry Partnership, holds 15.36 million shares, representing 30.00% of the total share capital, with no change [2] - New entrants among the top shareholders include Yang Yan, Chen Fengxi, Liu Kaijun, Zhang Xiu, and Tan Yanbo, while Jiang Rirong, Suzhou Shanren Venture Capital Partnership, Chen Zhehui, Zhang Xiaomin, and Chen Yan have exited [2] Dividend Distribution - The company has announced no distribution or capital increase for the current period [3]