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博敏电子2025年中报简析:增收不增利,公司应收账款体量较大
Zheng Quan Zhi Xing· 2025-08-23 22:58
据证券之星公开数据整理,近期博敏电子(603936)发布2025年中报。截至本报告期末,公司营业总收入 17.05亿元,同比上升12.71%,归母净利润3789.44万元,同比下降31.38%。按单季度数据看,第二季度 营业总收入8.82亿元,同比上升11.19%,第二季度归母净利润1056.75万元,同比下降63.66%。本报告 期博敏电子公司应收账款体量较大,当期应收账款占最新年报营业总收入比达44.42%。 本次财报公布的各项数据指标表现一般。其中,毛利率13.25%,同比减4.18%,净利率2.22%,同比减 39.14%,销售费用、管理费用、财务费用总计1.3亿元,三费占营收比7.6%,同比增20.0%,每股净资产 6.93元,同比减3.65%,每股经营性现金流0.28元,同比减34.54%,每股收益0.06元,同比减33.33% | 博敏电子 最新财务摘要 | | --- | | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 15.13 乙 | 17.05 Z | 12.71% | | 归母净利润(元) ...
AI时代下的PCB大变局:胜宏科技逆袭鹏鼎控股 为何“英伟达链”吃肉 “果链”只能喝汤?
Mei Ri Jing Ji Xin Wen· 2025-08-23 07:06
Core Viewpoint - Nvidia has become the first company in the world to surpass a market capitalization of $4 trillion, reaching $4.5 trillion on August 12, 2023, which has significantly impacted related stocks in the A-share market, particularly Shenghong Technology, whose stock price has surged over 450% this year [1][2]. Company Performance - Shenghong Technology's stock price reached 245 yuan per share on August 18, 2023, with a market capitalization exceeding 200 billion yuan, making it the "king of PCB stocks" [1][2]. - In contrast, Pengding Holdings, despite maintaining revenue scale advantages, reported a net profit in Q1 2023 that was only 52.8% of Shenghong Technology's [1][2]. - Shenghong Technology's revenue from January to August 2023 has increased significantly, while Pengding Holdings remains heavily reliant on its major client, Apple, which contributes over 81% of its revenue [6][7]. Market Dynamics - The competitive landscape has shifted, with Shenghong Technology benefiting from its deep integration into Nvidia's AI GPU supply chain, while Pengding Holdings continues to depend on the consumer electronics sector [1][2][6]. - The global AI PCB market is projected to grow significantly, with estimates of reaching $5.6 billion in 2025 and $10 billion by 2026, indicating a robust growth trajectory for companies aligned with AI applications [7]. Historical Context - Shenghong Technology was founded in 2006 and has historically been overshadowed by industry leaders like Pengding Holdings, which had a revenue of 170.93 billion yuan and a net profit of 15.26 billion yuan at the time of Shenghong's IPO in 2015 [3][4]. - The turning point for Shenghong Technology came in 2019 when it decided to invest in high-end HDI products, allowing it to enter Nvidia's supply chain and achieve significant revenue growth [4][5]. Future Outlook - Shenghong Technology is expected to surpass 10 billion yuan in revenue for the first time in 2024, while Pengding Holdings is projected to generate 351.4 billion yuan in revenue, indicating a significant gap in scale [5][6]. - Both companies face challenges in maintaining their competitive advantages, with Shenghong Technology's strong position in AI-related products and Pengding Holdings' reliance on the Apple supply chain [2][6][11].
AI时代下的PCB大变局:胜宏科技逆袭鹏鼎控股 为何“英伟达链”吃肉,“果链”只能喝汤?
Mei Ri Jing Ji Xin Wen· 2025-08-23 07:05
Core Viewpoint - Nvidia has become the first company in the world to surpass a market capitalization of $4 trillion, reaching $4.5 trillion on August 12, 2023, which has significantly impacted related stocks in the A-share market, particularly Shenghong Technology, whose stock price has surged over 450% this year [1][2]. Group 1: Company Performance - Shenghong Technology's stock price reached 245 yuan per share, with a total market value exceeding 200 billion yuan, making it the "king of PCB stocks" [1][2]. - In contrast, Pengding Holdings, while maintaining absolute revenue advantages, reported a net profit in Q1 that was only 52.8% of Shenghong Technology's [1][2]. - As of August 22, 2023, the market capitalization ranking among major PCB companies is led by Shenghong Technology at 189.88 billion yuan, followed by Pengding Holdings at 120.31 billion yuan [5]. Group 2: Market Dynamics - The core logic behind Shenghong Technology's rise is its deep integration with Nvidia's AI GPU supply chain, while Pengding Holdings remains heavily reliant on the communication and consumer electronics sectors, primarily serving Apple [1][2]. - The PCB industry is entering a new growth cycle driven by AI applications, with the global AI PCB market expected to reach $5.6 billion in 2025 and grow to $10 billion by 2026, reflecting a compound annual growth rate of 33% [8][10]. Group 3: Strategic Decisions - Shenghong Technology's strategic decision to enter the high-end HDI market in 2019 has allowed it to become a Tier 1 supplier for Nvidia's H-series AI acceleration cards [5][6]. - Pengding Holdings is also expanding its HDI and SLP product lines, with plans to invest 8 billion yuan in a new industrial park to enhance its capacity for AI-related PCB products [9]. Group 4: Competitive Landscape - The competition between Shenghong Technology and Pengding Holdings highlights the differences in their customer bases, with Shenghong benefiting from the AI boom while Pengding remains focused on traditional consumer electronics [2][8]. - Analysts note that while Shenghong Technology currently enjoys a first-mover advantage in AI-related PCBs, other companies, including Pengding, are ramping up their production capabilities to catch up [11][12].
崇达技术2025年中报简析:增收不增利,公司应收账款体量较大
Zheng Quan Zhi Xing· 2025-08-22 23:19
Core Viewpoint - Chongda Technology (002815) reported mixed financial results for the first half of 2025, with revenue growth but a decline in net profit, raising concerns about profitability and cash flow management [1][3]. Financial Performance - The total operating revenue for the first half of 2025 reached 3.533 billion yuan, a year-on-year increase of 20.73% [1]. - The net profit attributable to shareholders was 222 million yuan, down 6.19% compared to the previous year [1]. - In Q2 2025, the operating revenue was 1.908 billion yuan, reflecting a 25.02% year-on-year increase, while the net profit for the quarter was 106 million yuan, a decrease of 9.51% [1]. - The gross margin was 21.51%, down 14.24% year-on-year, and the net margin was 6.72%, down 23.19% [1]. - Accounts receivable increased significantly, reaching 1.701 billion yuan, which is 660.27% of the net profit [1][3]. Cash Flow and Expenses - Operating cash flow per share improved to 0.41 yuan, a 48.42% increase year-on-year, indicating better cash generation from operations [1]. - Total expenses (selling, administrative, and financial) amounted to 287 million yuan, accounting for 8.14% of revenue, a decrease of 9.11% year-on-year [1]. Investment and Return Metrics - The company's return on invested capital (ROIC) was reported at 3.76%, indicating weak capital returns compared to the historical median of 15.69% since its listing [3]. - The net profit margin for the previous year was 4.83%, suggesting low added value in products or services [3]. Strategic Initiatives - The company is implementing measures to improve profitability, including focusing on high-value customers, optimizing sales structure, and enhancing cost management [6]. - Plans to expand production capacity and accelerate the construction of new facilities are underway to meet future market demands [6].
博敏电子股份有限公司 关于2025年半年度募集资金存放 与实际使用情况的专项报告
Zheng Quan Ri Bao· 2025-08-22 23:05
登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码:603936 证券简称:博敏电子 公告编号:临2025-066 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、准确性和完整性承担法律责任。 (2)若上述表格合计数与各项分部数之和存在尾数差异,系四舍五入造成的。 截至2025年上半年,公司已累计投入募集资金总额为118,082.91万元,其中公司2025年半年度直接投入 承诺投资项目的募集资金8,622.22万元,尚未使用的募集资金合计32,605.87万元(含扣除手续费后累计 利息收入及理财收益净额),其中存放于募集资金专项账户的余额为14,605.87万元,使用部分闲置募集 资金购买的尚在存续期的理财产品本金金额为18,000万元。 二、募集资金存放和管理情况 (一)实际募集资金金额和资金到账时间 经中国证券监督管理委员会于2022年9月15日核发的《关于核准博敏电子股份有限公司非公开发行股票 的批复》(证监许可〔2022〕2134号),公司采取向特定对象发行的方式向13名特定投资者发行 127,011,007股人民币普通股股票,发行价格为1 ...
生益电子: 生益电子2025年第一次临时股东大会会议资料
Zheng Quan Zhi Xing· 2025-08-22 16:24
生益电子股份有限公司 (二 O 二五年九月二日) 生益电子股份有限公司 2025 年第一次临时股东大会会议资料 生益电子股份有限公司 为了维护全体股东的合法权益,确保股东大会会议秩序和议事效率,保证股 东大会的顺利召开,根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股东大会规则》以及《生益电子股份有限公司章程》《生益电子股份 有限公司股东大会议事规则》等相关规定,特制定生益电子股份有限公司(以下 简称"公司")2025年第一次临时股东大会会议须知: 一、为确认出席大会的股东或其代理人或其他出席者的出席资格,会议工作 人员将对出席会议者的身份进行必要的核对工作,请被核对者给予配合。 二、为保证本次大会的严肃性和正常秩序,切实维护股东的合法权益,务必 请出席大会的股东或其代理人或其他出席者准时到达会场签到确认参会资格。在 会议主持人宣布现场出席会议的股东和代理人人数及所持有表决权的股份总数 之前,会议登记应当终止。 三、会议按照会议通知上所列顺序审议、表决议案。 四、股东及股东代理人参加股东大会依法享有发言权、质询权、表决权等权 利。股东及股东代理人参加股东大会应认真履行其法定义务,不得侵犯公司 ...
博敏电子:2025年半年度归属于上市公司股东的净利润为37894392.93元
Zheng Quan Ri Bao· 2025-08-22 16:07
(文章来源:证券日报) 证券日报网讯 8月22日晚间,博敏电子发布公告称,2025年半年度公司实现营业收入1,704,946, 070.91元,同比增长12.71%;归属于上市公司股东的净利润为37,894,392.93元,同比下降31.38%。 ...
景旺电子(603228.SH)拟投50亿元对珠海金湾基地进行扩产投资
智通财经网· 2025-08-22 15:48
智通财经APP讯,景旺电子(603228.SH)公告,公司拟使用自有资金或自筹资金人民币50亿元对景旺电 子珠海金湾基地进行扩产投资。扩产投资项目主要用于现有工厂的技术改造升级及产能提升、新工厂的 建设,提升高阶HDI、HLC、SLP的产能和技术能力,满足AI算力、高速网络通讯、汽车智驾、AI端侧 应用等领域客户的需求。本次投资建设项目周期为2025年至2027年。 据悉,本次扩产项目投资有利于公司牢牢把握AI浪潮驱动下PCB行业结构性增长新阶段的发展机遇,有 助于加速公司在AI算力、高速网络通讯、汽车智驾、AI端侧应用等领域的高端产品布局,满足客户的 中长期、高标准需求,有助于构建技术壁垒,增强核心竞争力与市场地位,进一步扩大公司经营效益。 ...
澳弘电子:2025年半年度净利润同比增长3.16%
(编辑 任世碧) 证券日报网讯 8月22日晚间,澳弘电子发布2025年半年度报告摘要称,2025年半年度公司实现营业收入 673,738,421.76元,同比增长9.35%;归属于上市公司股东的净利润为80,746,743.97元,同比增长 3.16%。 ...
崇达技术:当前订单需求回暖 子公司三德冠有望下半年实现扭亏为盈
Xin Lang Cai Jing· 2025-08-22 05:57
【崇达技术:当前订单需求回暖 子公司三德冠有望下半年实现扭亏为盈】智通财经8月22日电,崇达技 术在业绩交流会上表示,由于行业部分产能因连续亏损出现关闭的情况,以及当前订单需求回暖,柔性 印刷电路板(FPC)产品价格出现了企稳回升的积极信号,公司子公司三德冠有望在2025年下半年实现 经营业绩的实质性改善,成功扭亏为盈。 转自:智通财经 ...