北京京仪自动化装备技术股份有限公司 第一章 总则 第一条 为维护北京京仪自动化装备技术股份有限公司（以下简称"公司"） 股东和投资者的利益，规范公司的对外担保行为，控制公司资产运营风险，促进 公司健康稳定地发展，根据《中华人民共和国公司法》 《中华人民共和国证券法》 《上海证券交易所科创板股票上市规则》《上市公司监管指引第 8 号——上市公 司资金往来、对外担保的监管要求》等法律、法规、规范性文件和《北京京仪自 动化装备技术股份有限公司章程》（以下简称"《公司章程》"），制定本制度。 第二条 本制度适用于公司为他人提供下列担保的行为：被担保方因向金 融机构贷款、票据贴现、融资租赁等原因向公司申请为其提供担保，其中包括本 公司对控股子公司的担保。 第三条 公司制定本制度的目的是强化公司内部监控，完善对公司担保事 项的事前评估、事中监控、事后追偿与处置机制，尽可能地防范因被担保人财务 状况恶化等原因给公司造成的潜在偿债风险，合理避免和减少可能发生的损失。 第四条 公司对外提供担保，应根据法律法规、公司上市的证券交易所股 票上市规则、中国证监会的有关规定及公司相关制度规定披露有关信息。 第二章 对外提供担保的基本原 ...

北京京仪自动化装备技术股份有限公司 第三条 董事会会议分为定期会议和临时会议。 董事会每年至少召开两次会议，由董事长召集，于会议召开十日以前书面通 知全体董事。 第四条 董事会审计委员会每季度至少召开一次会议，两名及以上成员提议， 或者召集人认为有必要时，可以召开临时会议。审计委员会会议须有三分之二以 上成员出席方可举行。战略委员会、提名委员会、薪酬与考核委员会根据公司实 际需求召开。 在发出召开董事会定期会议的通知前，董事会办公室应当充分征 求各董事的意见，初步形成会议提案后交董事长拟定。 董事长在拟定提案前，应当视需要征求总经理和其他高级管理人员的意见。 董事长、被征求意见的董事、总经理和其他高级管理人员对内幕信息应当严 格履行保密义务。 第五条 有下列情形之一的，董事会应当召开临时会议： 第一条 为规范北京京仪自动化装备技术股份有限公司（以下简称"公司"） 董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事 会规范运作和科学决策水平，根据《中华人民共和国公司法》《上市公司治理准 则》《上市公司章程指引》《上海证券交易所科创板股票上市规则》等法律、法 规、规范性文件和《北京京仪自动化装 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company achieved a revenue of 2.007 billion yuan in the first half of 2025, representing a year-on-year growth of 27.31%. The net profit attributable to shareholders was 271 million yuan, up 43.29% year-on-year [7] - The company is making significant progress in its global layout, enhancing supply chain resilience, and has completed the first phase of its logistics and production base in Europe [7] - The company has made notable breakthroughs in R&D innovation, particularly in robotic actuators, which are expected to become a new growth point [7] - The forecast for net profit attributable to shareholders for 2025-2027 is 504 million, 651 million, and 792 million yuan, respectively, with corresponding PE ratios of 30, 23, and 19 times [7] Financial Performance - The company’s revenue is projected to grow from 3.034 billion yuan in 2023 to 6.496 billion yuan in 2027, with a compound annual growth rate (CAGR) of 22.70% [6][8] - The net profit is expected to increase from 206 million yuan in 2023 to 792 million yuan in 2027, reflecting a significant growth trajectory [6][8] - The earnings per share (EPS) is forecasted to rise from 0.54 yuan in 2023 to 2.07 yuan in 2027 [6][8] Market Performance - The company’s stock has shown a performance of -7% over the last 12 months, compared to a 39% increase in the CSI 300 index [4]

Market Overview - The automation equipment sector increased by 0.51% on August 29, with Jiechang Drive leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Performers - Jiechang Drive (603583) closed at 42.81, up 9.99% with a trading volume of 330,200 shares [1] - Kaidi Co. (605288) also rose by 9.99% to 78.91, with a trading volume of 29,800 shares [1] - Ruisheng Intelligent (688215) increased by 6.95% to 68.80, with a trading volume of 40,800 shares [1] - Huagong Technology (000988) saw a 6.24% rise to 68.42, with a trading volume of 1,041,400 shares [1] Underperformers - Sitake (301568) fell by 7.98% to 53.37, with a trading volume of 139,700 shares [2] - Dongjie Intelligent (300486) decreased by 7.02% to 20.12, with a trading volume of 665,200 shares [2] - Aifute (688165) dropped by 5.61% to 24.71, with a trading volume of 289,100 shares [2] Capital Flow - The automation equipment sector experienced a net outflow of 497 million yuan from institutional investors, while retail investors saw a net inflow of 275 million yuan [2][3] - Jiechang Drive had a net inflow of 187 million yuan from retail investors, but a net outflow of 194 million yuan from institutional investors [3] - Huagong Technology had a significant net inflow of 1.93 billion yuan from institutional investors, despite a net outflow of 3.50 billion yuan from retail investors [3]

8月28日晚间，科瑞技术（002957.SZ）发布2025年半年报，上半年营业收入11.06亿元，同比增长 6.31%；归属于上市公司股东的净利润约1.23亿元，同比增长37.28%；基本每股收益为0.2949元，同比 增加35.59%；经营活动产生的现金流量净额3.71亿元，同比增加821.49%。多项财务指标表现优异，三 大战略业务齐头并进，为科瑞技术的持续发展奠定了坚实基础。 科瑞技术始终坚持技术创新，持续积累机器视觉与光学、精密传感与测试、运动控制与机器人、软件技 术、精密机械设计五大领域的相关技术，形成了高速自动化、精密测控、数字智能互联三大共性技术平 台，以及与下游行业各类产品相关的专用核心技术平台，能够满足多种复杂自动化系统集成的技术要 求。 同时，科瑞技术还坚持投入高端加工设备资源，培养操作技术人才，不断提升高精度专用零部件加工能 力。截至6月30日，科瑞技术累计获批专利545件，其中有效专利297件，有效发明102件，计算机软件著 作权168件，这些核心技术为科瑞技术的产品和服务提供了强大的技术支撑。 在软件领域，科瑞技术成功部署了基于私有容器云的智能制造平台系统，构建了智能物流平台，并针对 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a market price of RMB 136.46 and a sector rating of "Outperform" [1][4]. Core Insights - The company has demonstrated rapid growth in Q2 2025, achieving revenue of RMB 5.38 billion, a year-on-year increase of 59.15%, and a net profit of RMB 0.59 billion, up 107.76% year-on-year. The company is a leading domestic MOPA laser manufacturer and is expanding its applications in consumer electronics, which is expected to unlock further growth potential [4][9]. - The revenue for the first half of 2025 reached RMB 8.81 billion, representing a 48.34% increase year-on-year, with a net profit of RMB 0.95 billion, up 73.84% year-on-year. The growth is attributed to strong sales in precision processing for new energy battery applications and consumer-grade laser products [9][10]. Financial Summary - The company’s revenue projections for 2025-2027 are RMB 18.11 billion, RMB 23.13 billion, and RMB 27.57 billion, respectively. The expected net profits for the same period are RMB 1.99 billion, RMB 2.59 billion, and RMB 3.26 billion, with corresponding EPS of RMB 2.10, RMB 2.73, and RMB 3.43 [6][8]. - The current price-to-earnings (PE) ratios are projected at 65.0 for 2025, 50.1 for 2026, and 39.8 for 2027, indicating a favorable valuation trend as the company grows [6][8]. Performance Metrics - The company’s gross margin for the first half of 2025 was 39.44%, with a net margin of 10.56%, reflecting effective cost control and strong profitability [9][10]. - The overall expense ratio decreased to 24.54%, down 3.92 percentage points year-on-year, showcasing the company's strong expense management capabilities [9][10]. Market Position and Strategy - The company is positioned as a leader in the MOPA laser sector and is focused on providing integrated solutions that include laser systems and core modules. It is actively expanding into new application areas, including laser engraving and optical communication products, to meet the growing demand in data centers and cloud computing [9][10].

资料显示，深圳市智立方自动化设备股份有限公司位于广东省深圳市宝安区石岩街道塘头社区厂房A栋 1层至5层，成立日期2011年7月7日，上市日期2022年7月11日，公司主营业务涉及工业自动化设备的研 发、生产、销售及相关技术服务。主营业务收入构成为：工业自动化设备68.67%，技术服务21.63%， 自动化设备配件9.70%。 截至7月31日，智立方股东户数1.77万，较上期减少3.78%；人均流通股3415股，较上期增加3.93%。 2025年1月-6月，智立方实现营业收入3.17亿元，同比增长32.61%；归母净利润4288.76万元，同比增长 101.44%。 8月28日，智立方涨5.04%，成交额6.37亿元。两融数据显示，当日智立方获融资买入额6790.38万元， 融资偿还7090.03万元，融资净买入-299.66万元。截至8月28日，智立方融资融券余额合计1.81亿元。 融资方面，智立方当日融资买入6790.38万元。当前融资余额1.81亿元，占流通市值的2.72%，融资余额 超过近一年90%分位水平，处于高位。 融券方面，智立方8月28日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算， ...

2025年8月29日，埃斯顿(002747.SZ)发布2025年中报。 公司营业总收入为25.49亿元。归母净利润为668.23万元，在已披露的同业公司中排名第53。经营活动现 金净流入为-1.19亿元，在已披露的同业公司中排名第73。 公司最新资产负债率为81.84%，在已披露的同业公司中排名第79，较去年同期资产负债率增加7.84个百 分点。 公司最新毛利率为27.64%，在已披露的同业公司中排名第50，较上季度毛利率减少0.63个百分点，较去 年同期毛利率减少1.69个百分点。最新ROE为0.34%，在已披露的同业公司中排名第59。 公司摊薄每股收益为0.01元，在已披露的同业公司中排名第59。 公司最新总资产周转率为0.24次。最新存货周转率为1.12次，较去年同期存货周转率减少0.02次，同比 较去年同期下降1.64%。 ...

根据市场公开信息及8月28日披露的机构调研信息，知名私募呈瑞投资近期对5家上市公司进行了调研， 相关名单如下： 1）仙琚制药 （呈瑞投资参与公司电话会议） 仙琚制药2025年中报显示，公司主营收入18.69亿元，同比下降12.56%；归母净利润3.08亿元，同比下 降9.26%；扣非净利润2.67亿元，同比下降19.52%；其中2025年第二季度，公司单季度主营收入8.61亿 元，同比下降21.72%；单季度归母净利润1.64亿元，同比下降12.89%；单季度扣非净利润1.23亿元，同 比下降34.15%；负债率16.73%，投资收益-961.69万元，财务费用-488.5万元，毛利率63.16%。 调研纪要：珀莱雅2025年半年度分红方案现金分红总额占归母净利润的比例提升到接近40%，未来将保 持优秀、可持续的分红。公司筹划港股上市，旨在全球化发展，提供充足资金支持，提升品牌形象和知 名度，增强股东回报。董事会新增独立董事范明曦女士和职工代表董事，新聘任董事会秘书薛霞女士。 2025年上半年毛利率提升至73.38%，销售费用率增加因品牌投入加大。大单品策略取得显著成效，未 来将继续迭代和品类延展。彩棠品牌深 ...

Group 1 - The company, Estun (002747.SZ), reported a revenue of 2.549 billion yuan for the first half of 2025, representing a year-on-year growth of 17.50% [1] - The net profit attributable to shareholders of the listed company was 6.6823 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -17.6028 million yuan [1] - The basic earnings per share were 0.01 yuan [1]