证券研究报告 | 首次覆盖报告 gszqdatemark 2025 06 20 年 月 日 矩阵股份（301365.SZ） 云图藏器，智启新境 优质室内创意设计龙头，资产质量优异。公司业务聚焦室内装饰设计领域， 覆盖空间设计、软装陈设两大板块，下游行业以地产为主，同时积极开拓 办公空间、酒店文旅等多业态。2024 年公司减值规模显著收窄，地产减值 高峰已过，随着营收逐步恢复稳增，业绩有望稳步修复。公司毛利率、现 金流等指标表现优异，2024 年净现比 407%，截至 2024 年末在手现金资 产超 15 亿元（最新市值 29 亿元），有息负债率仅 2%，安全边际充足。 室内设计属地产后周期产业，近两年行业需求有所收缩。室内设计为装饰 工程前端环节，需求主要受房地产新开工数据影响，基于 2024 年新开工 面积测算行业市场总规模约 969 亿元。2020 年以来新开工面积已连续 5 年下滑，后端设计、房建、装饰需求同步收缩，上市 13 家房建设计院 2024 年营收/归母净利润总额同降 18%/130%，龙头经营承压。从竞争格局看， 受制于管理瓶颈及非标用户需求，设计龙头较难实现规模持续扩张，行业 整体格局分散 ...

Group 1 - Chengjian Development received a dividend of 7.1282 million yuan from Beijing Jingcheng Jiaye Property Co., Ltd., in which it holds a 33.47% stake [1] - Shengnuo Bio expects a net profit attributable to shareholders of 77.0275 million to 94.1448 million yuan for the first half of 2025, representing a year-on-year increase of 253.54% to 332.10% [1] - JKN2301 dry mixed suspension has been approved for clinical trials, targeting children with influenza [5][6] Group 2 - Jindawei obtained a patent for a method of purifying natto kinase, with a validity of twenty years [2] - CITIC Guoan plans to increase its stake in China Broadcasting Hunan Company to approximately 5.29% through a capital increase of 278 million yuan [2] - Ji Electric announced the resignation of its general manager, Niu Guojun, due to work changes [3] Group 3 - Xintian Green Energy successfully issued 1.5 billion yuan in green medium-term notes with a term of 3+N years and an interest rate of 2.05% [7] - Hengrun Co. plans to invest 1.2 billion yuan in a project to produce 2,000 sets of wind turbine gearbox components [9] - Pulaide received a government subsidy of 10 million yuan, accounting for 15.87% of its audited net profit for the last fiscal year [10] Group 4 - Boteng Co. passed the EU QP audit, receiving a compliance statement for its CDMO services [12] - Zhou Dasheng added 7 self-operated stores in May, with total investments ranging from 900,000 to 6.5 million yuan [13] - Wantai Bio initiated a Phase III clinical trial for its live attenuated varicella vaccine [15] Group 5 - Shanghai Pharmaceuticals received a drug registration certificate for Pregabalin capsules in Thailand [19] - Sanxing Medical's subsidiary is expected to win contracts worth approximately 143 million yuan from State Grid projects [21] - Jiangsu Huachen plans to issue 460 million yuan in convertible bonds [24] Group 6 - Jian Gong Repair won a soil pollution remediation project worth 32.76 million yuan [25] - Dize Pharmaceutical completed patient enrollment for a global Phase III clinical trial of its drug [26] - Del Co. received acceptance for its application to issue shares for asset acquisition and raise matching funds [27] Group 7 - Beijing Kerui won multiple power grid projects with a total value of approximately 154 million yuan [27] - Xie Chuang Data signed financing lease contracts totaling 498 million yuan with Su Yin Financial Leasing [28] - Meige Intelligent submitted an application for H-share listing on the Hong Kong Stock Exchange [29][31] Group 8 - Aikodi plans to repurchase shares worth 100 million to 200 million yuan for employee stock ownership plans [54] - Kong Kong Industrial intends to sell 80% of Tianyuan Construction to its controlling shareholder [55] - Youyou Green Energy proposed a cash dividend of 12 yuan per 10 shares, totaling 50.4 million yuan [55]

北京中岩大地科技股份有限公司的主营业务是岩土工程、环境修复等领域的设计、生产。公司的主要产 品是岩土工程、环境修复、产品销售。公司是国家高新技术企业，荣获"国家技术发明二等奖"、"华夏 建设科学技术奖二等奖"等多项权威奖项。 最新一期业绩显示，2025年一季报，公司实现营业收入1.62亿元，同比18.50%；净利润1037.43万元， 同比153.13%，销售毛利率28.20%。 从行业市盈率排名来看，公司所处的工程咨询服务行业市盈率平均56.54倍，行业中值38.62倍，中岩大 地排名第36位。 6月18日，中岩大地今日收盘35.26元，下跌6.22%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到65.06倍，总市值44.69亿元。 股东方面，截至2025年3月31日，中岩大地股东户数9476户，较上次增加1735户，户均持股市值35.28万 元，户均持股数量2.76万股。 序号股票简称PE(TTM)PE(静)市净率总市值(元)13中岩大地65.0671.603.6844.69亿行业平均 56.5465.894.9143.10亿行业中值38.6242.112.1727.07亿1设计总院9.8 ...

最新一期业绩显示，2025年一季报，公司实现营业收入2.64亿元，同比15.36%；净利润247.57万元，同 比-20.22%，销售毛利率19.48%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)9华阳国际22.2722.151.9227.76亿行业平均 58.3767.884.9443.73亿行业中值39.5942.952.2227.76亿1设计总院9.849.331.2447.87亿2中交设计 10.1710.181.18178.29亿3中钢国际10.5910.801.0590.24亿4地铁设计13.6012.252.1460.27亿5中国海诚 14.8314.401.8648.28亿6华设集团15.5414.121.0454.02亿7甘咨询18.2718.431.0942.44亿8上海建科 19.9320.421.9369.96亿10华建集团22.2821.171.5682.87亿11建发合诚26.1325.552.2224.43亿12广咨国际 28.2628.556.4827.95亿 来源：金融界 6月16日，华阳国际今日收盘14.16元，上涨4.66%，滚动市盈率PE（当前股价与前四季 ...

关于可转债调整转股价格的公告 根据相关规定，测绘转债的转股价格将作相应调整，调整前转股价格为13.18元/股，调整后转股价格为 13.15元/股，调整后的转股价格自2025年6月17日（除权除息日）起生效。 关于公司董事长减持股份的预披露公告 截至2025年6月13日收盘，测绘股份（300826）报收于16.52元，较上周的17.21元下跌4.01%。本周，测 绘股份6月9日盘中最高价报17.35元。6月13日盘中最低价报16.36元。测绘股份当前最新总市值27.51亿 元，在工程咨询服务板块市值排名22/41，在两市A股市值排名4389/5150。 本周关注点 公司公告汇总 测绘股份将于2025年6月10日至本次权益分派股权登记日暂停测绘转债转股，恢复转股时间为权益分派 股权登记日后的第一个交易日。在此期间，测绘转债正常交易。 2024年度分红派息实施公告 测绘股份2024年度分红派息方案为：以现有总股本剔除回购专用证券账户中持有股份3,383,594股后的总 股本163,121,843股为基数，向全体股东每10股派发现金股利人民币0.3元（含税），合计派发现金股利 人民币4,893,655.29元（含税） ...

证券研究报告 建筑装饰 | 工程咨询服务 Ⅱ 非金融|公司点评报告 hyzqdatemark 2025 年 06 月 10 日 投资评级： 买入（维持） 戴铭余 SAC：S1350524060003 daimingyu@huayuanstock.com 王彬鹏 SAC：S1350524090001 wangbinpeng@huayuanstock.com 郦悦轩 SAC：S1350524080001 liyuexuan@huayuanstock.com 唐志玮 tangzhiwei@huayuanstock.com 林高凡 lingaofan@huayuanstock.com | 基本数据 | | | 2025 | 年 | 06 | 月 09 日 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | | 11.08 | | | 一 内 高 / | 最 | 最 | 低 | | | 14.88/7.59 | 年 | | （元） | | | | | | | | | 总市值（百万元） | | | | | | 5,676.00 ...

岭南控股：拟公开挂牌转让世界大观3.92%股权 6月10日，岭南控股（300804）发布公告称，公司拟通过广东联合产权交易中心公开挂牌转让参股公司 广州世界大观股份有限公司（简称"世界大观"）3.92%的股权。首次公开挂牌底价为2365.76万元。此次 股权转让有利于公司聚焦主业发展。 资料显示，岭南控股成立于1993年1月，主营业务是商旅出行（旅行社）业务、住宿（酒店）业务及其 他旅游产业链相关业务售。 所属行业：社会服务–旅游及景区–旅游综合 广康生化：氯虫苯甲酰胺产品尚未投产 6月10日，广康生化（300804）发布公告称，近期，投资者对公司氯虫苯甲酰胺产品的产能及进展情况 较为关注，公司现就相关事项说明如下：公司氯虫苯甲酰胺产品环评设计产能为10吨/年，目前该产品 尚未投产，后续在完成投产相关流程后，预计该产品对公司整体业绩的贡献较小。 资料显示，广康生化成立于2003年10月，主营业务是农药原药、中间体、制剂的研发、生产和销售。 所属行业：基础化工–农化制品–农药 派林生物：控股股东拟变更为中国生物 股票复牌 所属行业：机械设备–专用设备–能源及重型设备 *ST中迪：撤销退市风险警示并继续被实施其他 ...

潜能恒信：涠洲5-3油田开发项目正式投产 6月9日，恒润股份（603985）发布公告称，公司5%以上股东、董事兼总经理周洪亮，以及股东佳润国 际投资有限公司、智拓集团（香港）网路咨询有限公司计划自公告披露之日起15个交易日后的3个月 内，通过集中竞价或大宗交易的方式减持公司股份。 神通科技：3股东拟合计减持不超3%公司股份 6月9日，神通科技（605228）发布公告称，股东宁波必恒创业投资合伙企业（有限合伙）（以下简 称"必恒投资"）计划自公告披露之日起15个交易日后的3个月内，通过集中竞价及大宗交易方式减持其 持有的公司股份合计不超过1288.06万股，占公司总股本的3.00%。减持原因为自身资金需求。 资料显示，神通科技成立于2005年3月，主营业务是汽车动力系统、饰件系统、光学镜片、模具等领域 的研发与制造。 所属行业：汽车–汽车零部件–车身附件及件 恒润股份：3股东拟合计减持不超过1.89%公司股份 6月9日，潜能恒信（300191）发布公告称，公司海外全资公司智慧石油投资有限公司与中国海洋石油集 团有限公司合作开发的涠洲5-3油田开发项目于2025年6月6日正式投产。该项目计划部署10口开发井， 目 ...

Core Viewpoint - The company, Lei'ao Planning, is focused on becoming a "smart city planning and operation expert" while expanding its urban operation and digital economy businesses, aiming for growth through various strategic initiatives. Stock Performance - As of June 6, 2025, Lei'ao Planning's stock closed at 16.76 yuan, up 1.7% from the previous week. The stock reached a high of 17.55 yuan and a low of 15.99 yuan during the week. The company's total market capitalization is 3.542 billion yuan, ranking 17th out of 41 in the engineering consulting services sector and 3825th out of 5148 in the A-share market [1]. Shareholder Changes - As of May 30, 2025, the number of shareholders decreased to 10,100, a reduction of 273, or 2.64%. The average number of shares held per shareholder increased from 20,400 to 21,000, with an average holding value of 346,000 yuan [1]. Business Strategy and Growth Points - The company aims to expand its traditional business segments and enhance market competitiveness. Future growth points include the rollout of operational projects, sales of I products, overseas market expansion, and investments in low-altitude economy, digital economy, and computing power businesses [2][3]. Low-altitude Economy Projects - Lei'ao Planning has successfully won multiple low-altitude economy projects, including the planning study for low-altitude application scenarios at Shenzhen Port, and has joined the Guangdong-Hong Kong-Macao Greater Bay Area Low-altitude Economy Industry Alliance [3]. Computing Power and AI Initiatives - The company has been selected as a partner for Guangdong Unicom's computing power and AI projects and has completed the procurement of computing power services. This move is part of the company's transition from traditional urban planning to digital services [3]. R&D in Artificial Intelligence - Lei'ao Planning has made significant progress in AI research and development, with several platforms such as "City Radar" and "Industry Brain" being developed and implemented [3]. Financial Management and Cost Control - The company is actively assessing market potential and profitability, adjusting resource allocation, improving R&D efficiency, and enhancing financial management to control costs and improve capital efficiency [4]. Investment Fund Performance - As of the end of 2024, the company's high-tech investment fund has invested in 10 projects, focusing on strategic emerging industries such as smart manufacturing, semiconductors, new energy, new materials, and smart cities [5]. Market Value Management - The company plans to enhance its market value through cash dividends, share buybacks, equity incentives, employee stock ownership plans, investor relations management, and information disclosure [6].

证券代码：000779 证券简称：甘咨询 公告编号：2025—044 甘肃工程咨询集团股份有限公司 为：以截止 2024 年 12 月 31 日公司总股本 464,829,452 股为基数， 向全体股东每 10 股派发现金红利 0.80 元（含税），派发现金红利总 额约为 3,718.64 万元，剩余未分配利润结转至下一年度，本次分配 不送红股，也不进行资本公积金转增股本。若在分配预案披露后至分 配方案实施前公司总股本发生变化，按分配比例不变的原则相应调 整； 个月。 二、本次实施的权益分派方案 本公司 2024 年度权益分派实施方案为：以公司现有总股本 金（含税；扣税后，通过深股通持有股份的香港市场投资者、QFII、 RQFII 以及持有首发前限售股的个人和证券投资基金每 10 股派 的个人股息红利税实行差别化税率征收，本公司暂不扣缴个人所得 - 1 - 税，待个人转让股票时，根据其持股期限计算应纳税额【注】；持有 首发后限售股、股权激励限售股及无限售流通股的证券投资基金所涉 红利税，对香港投资者持有基金份额部分按 10%征收，对内地投资者 持有基金份额部分实行差别化税率征收）。 【注：根据先进先出的原则， ...