人民财讯8月24日电，国缆检测（301289）8月24日晚间披露2025年半年报，上半年实现营业收入1.69亿 元，同比增长14.48%；归母净利润4276.04万元，同比增长13.32%；基本每股收益0.5482元。 ...

格隆汇8月24日丨国缆检测(301289.SZ)公布2025年半年度报告，报告期实现营业收入1.69亿元，同比增 长14.48%；归属于上市公司股东的净利润4276.04万元，同比增长13.32%；基本每股收益0.5482元。 ...

持续推进数智化转型，落地多项战略并购。1）数智化转型：公司组建专业AI 创新团队，重点布局人工 智能、深度学习等前沿技术，已成功交付AI 订单智能分类、LIMS 数据智能查询等多个实用项目，并积 极研发AI 缺陷检测、智能排程调度优化等新应用，以技术赋能提升运营效率与服务水平。2）外延并 购：上半年公司全资收购广州澳实分析检测，切入地球化学检测领域；签署Openview 深圳、香港公司 控股权收购协议，进一步丰富公司ESG 领域国际资质；同时与希腊Emicert 公司签署控股权收购协议， 进军欧盟碳排放核查市场；并与凯雷集团达成协议，拟收购南非领先的TICT 服务商Safety SA，完善非 洲地区布局，国际化战略持续推进。 Q2 业绩增长环比提速，精益管理战略持续落地。2025H1 公司实现营收29.6 亿元，同增6%；实现归母 净利润4.7 亿元，同增7%；扣非归母净利润同增9%，上半年传统业务承压态势下，公司业绩仍实现稳 健增长，彰显龙头韧性。分季度看：Q1/Q2 分别实现营收12.9/16.7 亿元，同增8%/5%；实现归母净利润 1.4/3.3亿元，同增3%/9%，Q2 业绩增长有所提速，主要因：1 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9] Core Views - The company reported a revenue of 2.96 billion yuan for the first half of 2025, representing a year-on-year increase of 6.0%, and a net profit attributable to shareholders of 467 million yuan, up 7.0% year-on-year. This performance demonstrates the resilience of the company as a national comprehensive testing institution amid macroeconomic pressures [2][6] - The company continues to advance its internationalization process through ongoing acquisitions, enhancing its global presence [13] Revenue Breakdown - Revenue from various business segments in the first half of 2025 includes: - Life Sciences Testing: 1.27 billion yuan, up 1.11% year-on-year - Industrial Testing: 600 million yuan, up 7.47% year-on-year - Consumer Testing: 520 million yuan, up 13.15% year-on-year - Trade Assurance Testing: 430 million yuan, up 13.48% year-on-year - Medical and Pharmaceutical Testing: 140 million yuan, up 1.30% year-on-year, though facing some pressure [7] Profitability - The company has implemented lean management practices and is exploring AI, digitalization, and automation to enhance operational efficiency. The net profit margin for the first half of 2025 was 15.7%, unchanged year-on-year, while the gross profit margin was 49.6%, a slight increase of 0.07 percentage points [8] Future Projections - Revenue projections for 2025-2027 are as follows: - 2025: 6.52 billion yuan, up 7.18% year-on-year - 2026: 7.19 billion yuan, up 10.28% year-on-year - 2027: 7.92 billion yuan, up 10.15% year-on-year - Net profit projections for the same period are: - 2025: 1.01 billion yuan, up 10.1% year-on-year - 2026: 1.14 billion yuan, up 12.6% year-on-year - 2027: 1.29 billion yuan, up 12.7% year-on-year [13]

Core Viewpoint - The company has strategically positioned itself in the commercial aerospace industry by developing key technologies and applications for space-ground network communication, aiming to enhance its core competitiveness in commercial aerospace testing [1] Group 1: Technological Development - The company has established eight major technology platforms, including advanced aerospace materials evaluation, high-resolution industrial CT testing, and space environment adaptability verification [1] - These platforms create a comprehensive one-stop testing service system that covers the entire lifecycle of satellite design, manufacturing, testing, and certification, aligning with the stringent standards of the commercial aerospace industry [1] Group 2: Industry Collaboration - In 2023, the company accelerated its satellite internet industry layout by collaborating with multiple industry partners to establish joint laboratories and strategic partnerships [1] - The company recently developed the "4GIOT Satellite Communication Integrated Testing System," which supports multi-mode, multi-band, and multi-scenario testing, becoming the first innovative solution in the industry to meet diverse testing needs [1] Group 3: Investment Plans - The company plans to invest 344 million yuan in building a satellite internet quality assurance platform project in the coming years to enhance its industrial service capabilities [1]

编号：2025-003 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □电话会议 | | | □其他： （请文字说明其他活动内容） | | 参与单位名称 | 2025 年 8 月 21 日线上交流人员名单： | | 及人员姓名 | 天风证券：莫然 | | 时间 | 2025 年 8 月 21 日 16:00-17:00 | | 地点 | 公司会议室 | | 形式 | 线上会议 | | 公司接待人员 | 董事会秘书、副总经理：张冉 | | 姓名 | 证券事务代表：王峥夏 | | | 公司董秘结合投资者问题，就公司经营情况、未来发展情况等方面内容 | | | 进行了介绍。投资者提出的主要问题及公司回复情况如下： | | | 1.公司 2025 年半年度业绩稳定增长，电动汽车充换电系统检测收入出 | | | 现下降的原因？ | | 投资者关系活动 | 答：根据 2025 年半年度报告披露，公司 2025 年半年度实现营业收入 1 | | | 1.1 亿元，同比增长 3.23% ...

智通财经APP讯，华测检测(300012.SZ)发布2025年半年度报告，该公司营业收入为29.6亿元，同比增长 6.05%。归属于上市公司股东的净利润为4.67亿元，同比增长7.03%。归属于上市公司股东的扣除非经常 性损益的净利润为4.39亿元，同比增长9.08%。基本每股收益为0.2793元。此外，拟向全体股东每10股 派发现金红利0.5元(含税)。 公告称，第二季度，公司克服上年同期高基数压力，经营业绩实现持续增长。公司深度推进精益管理实 践，积极探索AI、数字化、自动化来进一步提升运营效率;同时，通过系统落实"人才淬炼计划"，持续 提升组织能力和创新活力，多措并举提质增效，带动净利润实现稳健增长 ...

华测检测公告，2025年上半年营业收入29.6亿元，同比增长6.05%。净利润4.67亿元，同比增长7.03%。 公司拟向全体股东每10股派发现金红利0.5元（含税）。 ...

Group 1 - The stock price of Xince Standard closed at 24.46 yuan on August 20, down 0.06 yuan, a decrease of 0.24% [1] - The trading volume on that day was 56,714 hands, with a transaction amount of 138 million yuan, and a turnover rate of 3.66% [1] - Xince Standard is a comprehensive testing institution, with main services including reliability testing, physical and chemical testing, and electromagnetic compatibility testing, covering industries such as automotive, electronic and electrical products, and consumer goods [1] Group 2 - The company announced that the "Xince Convertible Bonds" that have not been converted by the close of September 5 will be forcibly redeemed at a price of 100.42 yuan per bond [1] - The joint venture with Wali Technology, Xince Standard (Suzhou) Robotics Technology Co., Ltd., has been established but has not yet generated business revenue [1] Group 3 - On August 20, the net outflow of main funds was 1.9836 million yuan, accounting for 0.05% of the circulating market value [1] - Over the past five days, the cumulative net outflow of main funds reached 81.3202 million yuan, representing 2.15% of the circulating market value [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company reported a revenue of 372 million yuan for H1 2025, a year-on-year increase of 1.4%, with a net profit attributable to the parent company of 95 million yuan, up 2.4%. In Q2 2025, revenue reached 206 million yuan, showing a significant year-on-year growth of 10.5%, while net profit for the same period was 58 million yuan, increasing by 11.8% [2][6]. - The automotive testing revenue for H1 2025 was 162 million yuan, reflecting a year-on-year growth of 10.52%. The company has established a joint venture in robotics to create a new growth curve for the future [2][12]. Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of 372 million yuan, with a net profit of 95 million yuan. Q2 2025 saw a revenue of 206 million yuan, marking a 10.5% increase year-on-year, and a net profit of 58 million yuan, up 11.8% [2][6]. - The automotive testing segment generated 162 million yuan in revenue, growing by 10.52% year-on-year. The company has a strong presence in the automotive parts and reliability testing sector, serving clients like Tesla and Huawei [12]. Business Segments - The electronic and electrical product testing revenue was 90 million yuan, with a steady growth of 2.35%. The testing equipment segment reported a revenue of 72 million yuan, down 14.85%, primarily due to increased price competition in the equipment manufacturing sector [12]. - The company has established a joint venture for robotics, aiming to enhance efficiency and reduce labor costs in the testing services industry [12]. Profitability and Cash Flow - The net profit margin for Q2 2025 was 28.33%, with a slight year-on-year increase. The gross margin was 61.5%, reflecting a minor improvement [12]. - Operating cash flow for H1 2025 was 62 million yuan, a decrease of 28.2% year-on-year, attributed to long credit terms with major clients and seasonal cash flow patterns [12]. Future Outlook - Revenue projections for 2025-2027 are 797 million yuan, 890 million yuan, and 1 billion yuan, with expected year-on-year growth rates of 10.0%, 11.7%, and 12.5% respectively. Net profit forecasts are 192 million yuan, 221 million yuan, and 256 million yuan, with growth rates of 9.0%, 15.2%, and 15.6% [12].