格隆汇8月21日丨深科达(688328.SH)公布2025年半年度报告，报告期实现营业收入3.6亿元，同比增长 49.57%；归属于上市公司股东的净利润2060.42万元，实现扭亏为盈；基本每股收益0.22元。 报告期内，公司营业收入较去年同期增长49.57%，主要原因系公司持续深耕市场，深挖客户需求，强 化与优质客户的合作，订单状况稳步向好。从公司主营的三大业务板块来看：（1）显示面板行业呈现 复苏态势，超声波指纹、电子纸、智能眼镜等细分应用场景需求增长，公司平板显示模组类设备业务销 售订单较去年同期增加，平板显示模组类设备业务收入较去年同期大幅增长；（2）半导体新一代分选 机得到市场进一步认可，公司半导体业务的订单较去年有所增长；（3）受下游消费类电子行业、锂电 行业等复苏的积极影响，市场对于智能装备核心零部件的需求回升，公司智能装备核心零部件业务收入 较去年同期有较大增长； ...

Group 1 - The company has completed its initial public offering (IPO) by issuing 22 million shares at a price of RMB 38.85 per share, raising a total of RMB 854.7 million, with a net amount of RMB 758.56 million after deducting fees [3][4] - The company also issued convertible bonds with a total face value of RMB 950 million, raising a net amount of RMB 939.93 million after fees [4] - As of June 30, 2025, the company has used RMB 100 million from the IPO funds to permanently supplement working capital [12] Group 2 - The company has established a management method for the raised funds to ensure compliance with regulations and protect investor rights [3][4] - The company has signed tripartite supervision agreements with banks for the management of raised funds, ensuring proper oversight [5][6] - As of June 30, 2025, the company has not used any idle IPO funds for cash management [15] Group 3 - The company has not experienced any delays in the investment projects funded by the IPO or convertible bond proceeds during the reporting period [8][9] - The actual investment amounts for the industrial robot production project and the R&D center exceeded the initial commitments, with differences funded by interest income [29] - The company has not made any changes to the investment projects or transferred funds to external parties [25] Group 4 - The company has revised its governance system to align with the latest legal and regulatory requirements [30] - The company will participate in a collective performance briefing for the new energy industry on September 3, 2025, to discuss its half-year results [32][36] - Investors can submit questions for the briefing in advance, and the company will address common concerns during the session [34][36]

Core Viewpoint - The company, SanDe Technology, reported a significant increase in revenue from its unmanned intelligent equipment segment due to a surge in demand driven by the digital transformation of key downstream industries such as thermal power, coal, and steel [1] Group 1: Business Performance - The company has a robust order backlog for unmanned intelligent equipment, indicating strong market demand [1] - The delivery pace of unmanned intelligent equipment orders has accelerated, and project acceptance has increased year-on-year [1] - The company anticipates that revenue growth from unmanned intelligent equipment will be sustainable, especially as historically, project acceptance in the second half of the year tends to exceed that of the first half [1]

Core Viewpoint - The company reported a decrease in revenue and a return to profitability in the first half of 2025, indicating a strategic shift in its business focus towards project delivery and accounts receivable recovery in the new energy sector [1] Financial Performance - The company achieved an operating income of 378.58 million yuan, a year-on-year decrease of 10.06% [1] - The net profit attributable to shareholders was 22.93 million yuan, marking a turnaround from a loss in the same period last year [1] Business Strategy - The company is strategically adjusting its new energy business due to underperformance, focusing on project delivery and accounts receivable recovery [1] - Emphasis is placed on high-end overseas markets for the new energy business [1] Research and Development - Increased investment in R&D for new products and technologies to strengthen and optimize core technologies [1] - Development of technology platforms has been concentrated on six product lines, completing the V2.0 and V2.1 technology platform development [1] Market Expansion - The core electrical connection equipment business has expanded from the automotive intelligent manufacturing sector to AI data computing centers, securing multiple production line orders from clients [1]

Core Viewpoint - New Yi Chang (688383) reported disappointing financial results for the first half of 2025, with significant declines in revenue and net profit compared to the previous year [1][4]. Financial Performance - Total revenue for the first half of 2025 was 402 million yuan, a decrease of 28.3% year-on-year [1]. - Net profit attributable to shareholders was 2.62 million yuan, down 96.05% from the previous year [1]. - In Q2 2025, total revenue was 175 million yuan, a decline of 41.14% year-on-year, with a net profit of -9.08 million yuan, a decrease of 124.31% [1]. - The gross margin was 32.94%, an increase of 1.09% year-on-year, while the net margin fell to 1.43%, down 87.24% [1]. - Total expenses (selling, administrative, and financial) amounted to 63.72 million yuan, accounting for 15.86% of revenue, an increase of 35.41% year-on-year [1]. Cash Flow and Debt - The net cash flow from operating activities decreased by 95.1%, attributed to reduced cash receipts from sales [3]. - The company’s interest-bearing debt increased by 32.54% to 978 million yuan [1]. - The cash and cash equivalents decreased by 17.22% to 211 million yuan [1]. Accounts Receivable - Accounts receivable reached 491 million yuan, a decrease of 30.6% year-on-year, but the ratio of accounts receivable to net profit was alarmingly high at 1212.51% [1][4]. Business Model and Market Position - The company’s return on invested capital (ROIC) was only 2.71%, indicating weak capital returns [4]. - The business relies heavily on research and marketing, necessitating a deeper analysis of these drivers [4]. Fund Holdings - The largest fund holding New Yi Chang is the Hua Fu Industrial Upgrade Flexible Allocation Mixed A Fund, with 500,000 shares held [5]. - The fund has shown a significant increase of 63.01% over the past year [5]. Orders and Market Outlook - The company reported good order conditions for its Mini LED products, with recent orders from major panel manufacturers [6]. - The execution of these orders may be affected by external macroeconomic changes and customer demand fluctuations [6].

Core Viewpoint - New Yi Chang (688383.SH) reported a significant decline in revenue and net profit for the first half of 2025, indicating ongoing performance pressure since 2022 [1][2]. Financial Performance - In the first half of 2025, the company achieved revenue of 402 million yuan, a year-on-year decrease of 28.30%. The net profit attributable to shareholders was 2.6157 million yuan, down 96.05%, with basic earnings per share at 0.03 yuan, a decline of 95.38% [2]. - The operating cash flow also fell to 7.5802 million yuan, a decrease of 95.10% year-on-year [2]. - The company's revenue has been under pressure for three consecutive years, with 2024 revenue at 1.034 billion yuan, down 10.22% from 2023 [6]. Business Challenges - The decline in performance is attributed to the impact of international trade policies on downstream customers' international business layouts and equipment investment willingness, leading to reduced orders for intelligent equipment [2]. - The company faces liquidity risks due to high accounts receivable, which amounted to 491 million yuan, accounting for 16.79% of total assets, and high inventory levels of 835 million yuan, representing 42.47% of current assets [3]. Strategic Initiatives - In response to ongoing challenges, the company is actively pursuing an industrial upgrade strategy, focusing on optimizing traditional LED production capacity and concentrating resources on core areas such as semiconductors and new display packaging technologies [2][7]. - The establishment of a robotics subsidiary in 2025 aims to leverage the company's manufacturing capabilities and software control algorithms, enhancing its competitive advantage in the robotics sector [8]. Market Position - Despite the current performance pressures, the company maintains its industry position and market share, with a focus on strategic transformation and product margin optimization in the semiconductor and new display sectors [7][8].

Core Viewpoint - The company has reported a total asset impairment provision of 12.49 million yuan for the second quarter of 2025, reflecting a cautious approach to financial asset evaluation and management [3][4][8]. Financial Data - The total amount of asset impairment provisions for the second quarter of 2025 is 12.49 million yuan, which includes credit impairment losses of -1.80 million yuan and asset impairment losses of 14.29 million yuan [4][5][7][8]. - The company has calculated the expected credit losses for various financial assets at the end of the reporting period, adjusting the impairment provisions accordingly [4][5]. Fundraising and Usage - The company raised a total of 499.95 million yuan from its initial public offering, with a net amount of 442.26 million yuan after deducting issuance costs [11][12]. - As of June 30, 2025, the company has utilized 31.51 million yuan of the raised funds, leaving a balance of 25.61 million yuan [13]. - The company has established a dedicated account management system for the raised funds, ensuring compliance with relevant regulations and protecting investor interests [13][14]. Project Adjustments - The company has postponed the completion date for the "New Yi Chang High-end Intelligent Equipment Manufacturing Base Project" to May 2026, without changing the project's investment scale or purpose [19]. - Adjustments were made to the investment scale of the "New Yi Chang Intelligent Equipment New Construction Project," reducing the total investment from 430.95 million yuan to 249.52 million yuan [20].

深圳新益昌科技股份有限公司 关于公司 2025 年度提质增效重回报专项行动方案的 半年度评估报告 为贯彻落实上海证券交易所提出的科创板上市公司"提质增效重回报"专项 行动的倡议，持续提升公司质量和投资价值，共同促进资本市场平稳健康发展， 维护深圳新益昌科技股份有限公司（以下简称"公司"）全体股东利益，公司特 制定 2025 年度"提质增效重回报"行动方案（以下简称"行动方案"），具体 内容请详见公司 2025 年 4 月 29 日于上海证券交易所网站披露的《深圳新益昌科 技股份有限公司关于 2025 年度"提质增效重回报"行动方案的公告》（公告编 号：2025-017）。 一、聚焦主业提质增效，募投项目稳中求进 报告期内，公司进一步战略优化产品结构，在坚守传统 LED 核心客户群体 紧密合作的基础上，专注新型显示和半导体封装领域，不断推陈出新，持续为合 作伙伴们提供高附加值的智能制造设备，同时也在海外市场收获颇丰，得到了许 多新的全球优质战略伙伴的认可。 力推进新益昌高端智能装备制造基地项目，该项目投入进度为 79.07%，将在披 露的期限届满前达到预定可使用状态。 二、发展新质生产力，持续高质量发展 报告期 ...

Group 1 - The project "DG3 High-Speed Balancing and Overspeed Testing Equipment" developed by Shanghai Hengwang Intelligent Technology Co., Ltd., a subsidiary of Jizhi Co., Ltd., has achieved significant breakthroughs in domestic high-end rotating machinery balancing detection equipment, breaking the long-standing foreign technology monopoly [1][3] - The equipment is critical for ensuring the long-term, safe, and stable operation of key devices related to national security and energy, such as aircraft engines, steam turbines, gas turbines, high-end compressors, and wind power main shafts [1][2] - The project took five years of dedicated research and development, resulting in the localization of core components and multiple invention patents, highlighting its strategic importance in the context of China's "14th Five-Year Plan" for intelligent manufacturing [2][3] Group 2 - Jizhi Co., Ltd., established in 2004 and headquartered in Hangzhou, Zhejiang, is the first listed company in the field of balancing machines in China, focusing on the research and manufacturing of balancing machines, straightening machines, and intelligent equipment [2] - The company has over 60 core technology patents and exports products to more than 100 countries and regions, aiming to empower global industrial digital transformation [2] - The expert evaluation confirmed that the DG3 equipment meets international advanced levels in measurement accuracy and system stability, with its multi-signal correlation analysis method being internationally leading [3]

Core Viewpoint - The company Xin Yi Chang (688383.SH) reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to reduced international business activity and a decrease in orders for smart equipment [1] Financial Performance - The company's operating revenue for the first half of 2025 was 402 million yuan, representing a year-on-year decrease of 28.30% [1] - The net profit attributable to shareholders was 2.6157 million yuan, down 96.05% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 2.4588 million yuan, also down 96.02% year-on-year [1] - Basic earnings per share were reported at 0.03 yuan [1] Profitability Analysis - Total profit for the company was 7.6779 million yuan, reflecting a year-on-year decrease of 89.54% [1] - The significant drop in profits is attributed to the impact of international trade policies on the downstream customer base, affecting their international business layout and investment willingness in equipment [1] - The reduction in smart equipment orders has directly led to decreased revenue [1]