登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002199 证券简称：*ST东晶 公告编号：2025038 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 （一）业绩预告期间 2025年1月1日至2025年6月30日。 （二）业绩预告情况 预计净利润为负值 三、业绩变动原因说明 1、2025年上半年，公司所处电子元器件行业市场竞争依然激烈，主要产品销售单价未有明显好转，导 致公司经营业绩亏损。 2、根据《企业会计准则第1号—存货》等相关规定，2025年上半年，公司拟计提存货跌价准备约700万 元至1,700万元。 3、报告期内，非经常性损益对净利润的影响金额预计约为300万元至500万元。 四、风险提示及其他相关说明 1、经立信会计师事务所（特殊普通合伙）审计，公司2024年度经审计的相关财务指标触及《深圳证券 交易所股票上市规则》第9.3.1条之"（一）最近一个会计年度经审计的利润总额、净利润、扣除非经常 性损益后的净利润三者孰低为负值，且扣除后的营业收入低于3亿元"规定的对股票交易实施退市风险警 示的情形，公司股票交易自 ...

Core Viewpoint - The company Dongyangguang (600673.SH) has reported an impressive earnings forecast for the first half of 2025, with net profit expected to reach between 583 million to 663 million yuan, marking a year-on-year increase of 157.48% to 192.81% [1][2] Group 1: Financial Performance - Dongyangguang's traditional business segment continues to perform strongly, benefiting from the rising demand and prices for third-generation refrigerants (HFCs) due to improved supply-demand dynamics [2][3] - The company’s new business segments, particularly in liquid cooling for intelligent computing centers and humanoid robots, have begun to show significant results, contributing to a remarkable turnaround from losses to rapid growth [2][5] Group 2: Strategic Initiatives - The company has established a joint venture with Zhongji Xuchuang to create a comprehensive ecosystem from technology development to market promotion in the liquid cooling sector [3][4] - Dongyangguang has also invested 90 million yuan in Zonghui Xinguang Semiconductor Technology Co., acquiring a 2.575% stake to enhance its capabilities in data center liquid cooling solutions [4][6] Group 3: Emerging Technologies - The liquid cooling technology is becoming essential due to the increasing power consumption of AI chips, with the Chinese liquid cooling server market expected to grow significantly, reaching 1.26 billion USD in the first half of 2024, a year-on-year increase of 98.3% [3][6] - The humanoid robot business has achieved commercial success, with initial revenue generated in the first half of 2025, indicating a new growth trajectory for the company [5][6] Group 4: Long-term Strategy - Dongyangguang has launched an employee stock ownership plan to enhance employee engagement and retention, which is expected to support the company's long-term strategic goals [6][7] - The company's diversified approach in intelligent computing and humanoid robotics, combined with the recovery of traditional business, positions it well for sustained growth amid industry changes [6][7]

Core Viewpoint - The company Feirongda (300602) expects its net profit to double in the first half of 2025, driven by market recovery and the return of key customers [1] Group 1: Financial Performance - Feirongda anticipates revenue of approximately 2.886 billion yuan and a net profit between 155 million and 170 million yuan for the first half of 2025, representing a year-on-year growth of 103.95% to 123.69% [1] - The company's non-recurring net profit is projected to be between 125 million and 140 million yuan, reflecting an increase of 82.34% to 104.22% compared to the same period last year [1] Group 2: Product and Market Development - Feirongda's main products include electromagnetic shielding materials, thermal management materials, and lightweight composite materials, which are widely used in communication, consumer electronics, and new energy sectors [1] - The company has strengthened its R&D capabilities and increased investment in R&D, enhancing its product structure and expanding into emerging markets [1] - The return of significant customers, particularly Huawei, has contributed to the company's market share growth in the smartphone sector [2] Group 3: Business Segments - In the communication sector, Feirongda reports successful business operations with increased sales revenue and profitability, particularly in AI server cooling solutions [2] - The company's new energy vehicle business is seeing a gradual increase in sales revenue, although profit margins remain relatively low due to fluctuations in raw material prices [3] - Feirongda's subsidiary completed the acquisition of Jiangsu Zhongyu Rubber and Plastic Technology Co., Ltd., which will be included in the consolidated financial statements [3] Group 4: Non-Recurring Gains - The company expects non-recurring gains to impact net profit by approximately 30 million yuan, primarily from government subsidies and the consolidation of Jiangsu Zhongyu [3]

Group 1 - The company forecasts a net profit of 583 million to 663 million yuan, representing a year-on-year growth of 157.48% to 192.81% [1][2] - The expected net profit attributable to shareholders, after deducting non-recurring gains and losses, is projected to be 471 million to 551 million yuan, with a year-on-year growth of 159.73% to 203.84% [1][2] - The previous year's net profit was 226.42 million yuan, indicating significant improvement in the company's financial performance [1][2] Group 2 - The main reasons for the profit increase include the rising demand for third-generation refrigerants, which has improved the supply-demand structure and led to higher prices [2] - The company is enhancing its production capacity for layered foil and capacitor foil, which is contributing to improved cost structure and economies of scale [2] - Collaborations with partners such as Zhongji Xuchuang and the establishment of a subsidiary focused on embodied intelligent robotics are expected to create new growth opportunities [2]

Investment Rating - The report maintains a "Buy" rating for the company, with an updated target price of 182.91 CNY [9][18]. Core Insights - The company is experiencing significant revenue growth in H1 2025, driven by the strong performance of its flagship chips and comprehensive growth across all AIoT product lines [2][9]. - The company is one of the leading domestic AIoT chip manufacturers, continuously expanding its product portfolio [9]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 have been revised upwards to 2.73 CNY, 3.67 CNY, and 4.72 CNY respectively, reflecting a strong growth outlook [9]. Financial Summary - Revenue for 2023 is projected at 2,135 million CNY, with a year-on-year growth of 5.2%. By 2027, revenue is expected to reach 6,805 million CNY, representing a growth rate of 20.0% [8]. - The net profit attributable to the parent company is forecasted to be 135 million CNY in 2023, with a significant increase to 1,986 million CNY by 2027, indicating a growth of 28.8% [8]. - The company’s net asset return (ROE) is expected to improve from 4.4% in 2023 to 31.3% in 2027 [8]. Market Performance - The company's stock price has fluctuated between 49.38 CNY and 193.19 CNY over the past 52 weeks, with a current price of 148.30 CNY [3][9]. - The total market capitalization stands at 62,387 million CNY [3]. - The company has shown a 142% absolute increase in stock price over the past 12 months [7].

Group 1 - The Hong Kong stock market indices opened lower, with the Hang Seng Index down 0.11% at 23,865.64 points, and the Hang Seng Tech Index down 0.26% [1] - The recent focus on addressing "involution" competition in various industries aims to eliminate low-price disorderly competition and promote the exit of backward production capacity [1] - Industries such as photovoltaic, lithium batteries, automobiles, and cement are highlighted as areas to watch for potential improvements in supply-demand dynamics due to policy interventions [1] Group 2 - The Hong Kong Stock Connect Automotive ETF (159323) is focused on the Hong Kong automotive sector, featuring a higher proportion of passenger vehicles and new energy vehicle manufacturers compared to similar indices [2] - As of July 9, the index's price-to-earnings ratio (TTM) is 16.78, significantly lower than various A-share automotive theme indices, indicating potential valuation attractiveness [2] - The index includes key players in the intelligent driving industry, aligning with the trends in automotive sector development [2]

Group 1 - The signing ceremony for two investment projects, Guangdong Chaozhiwei Electronics and Guangdong Langsha Technology, was held in Xingning City, showcasing a new speed in attracting investments with only 5 days from negotiation to signing [1] - To facilitate project implementation, Xingning City has innovated a signing and approval system for standardized rental factory projects, optimizing processes and reducing timelines [1] - The city provides comprehensive services including business registration, project filing, and tax registration to enhance investment confidence and expedite project construction and production [1] Group 2 - Guangdong Langsha Technology, a high-tech company focusing on artificial intelligence and smart electrical modules, plans to invest 80 million yuan to establish a production project for 10,000 sets of smart switch devices, with an expected annual output value of approximately 200 million yuan and annual tax revenue of about 5 million yuan [1] - Guangdong Chaozhiwei Electronics, established in 2014, specializes in integrated circuit technology and electronic components, planning to invest 100 million yuan to build a production project for 100 million inductors, with an anticipated annual output value of around 380 million yuan and annual tax revenue of about 6 million yuan [2]

Group 1 - Torch Electronics (603678.SH) expects a year-on-year profit growth of over 50% for the first half of the year, driven by improved industry conditions and a rapid increase in order volume [1] - The company anticipates a net profit attributable to shareholders of approximately 247 million to 280 million yuan, representing a growth of about 50.36% to 70.45% year-on-year [1] - The net profit excluding non-recurring gains and losses is expected to be around 235 million to 270 million yuan, with a year-on-year increase of 51.26% to 73.79% [1] Group 2 - In Q1, Torch Electronics achieved a net profit of 107 million yuan, reflecting a year-on-year growth of approximately 43.60% [1] - For Q2, the estimated net profit is between 140 million to 173 million yuan, indicating a year-on-year growth of 55.57% to 92.24% [1] - The growth is attributed to a positive shift in the electronic components sector, with increasing market demand and a significant recovery in order volume [1] Group 3 - The electronic components sector is sensitive to industry demand changes, with order volume serving as a "barometer" for industry conditions [1] - Leading companies in the components field, such as Zhenhua Technology (000733.SZ), report a steady increase in new orders and high capacity utilization [2] - Industry experts predict that military-related companies will likely report positive earnings, with expectations for improved fundamentals and sentiment in the coming quarters [2]

Group 1 - The company expects to achieve a net profit of approximately 247 million to 280 million yuan for the first half of 2025, representing a year-on-year increase of about 51.26% to 73.79% [1][2] - The profit for the same period last year was 184.03 million yuan, with a net profit attributable to shareholders of 164.27 million yuan [1][2] - The increase in profit is attributed to a recovery in order volume and improved market demand in the electronic components sector, leading to significant revenue growth [2] Group 2 - The company has focused on enhancing communication with customers, ensuring timely and quality supply, and exploring high-value-added products to optimize its product structure [2] - The new materials segment has shown significant growth in both business volume and profitability compared to the same period last year, contributing positively to the overall profit of the company [2]

今日看点 经济观察网讯 7月9日重点关注的财经要闻与资本市场大事： 1、中国6月CPI、PPI数据将公布 7月9日，国家统计局将公布2025年6月份CPI（居民消费价格指数）和PPI（工业生产者出厂价格指数）数据。 2、国新办将举行"高质量完成'十四五'规划"系列主题新闻发布会（国家发展改革委） 7月9日上午10时，国新办将举行"高质量完成'十四五'规划"系列主题首场新闻发布会，国家发展改革委主任郑栅洁介绍"十四五"时期经济社会发展成就，并 答记者问。 3、第十三届中国(西部)电子信息博览会将举行 7月9日至11日，第十三届中国(西部)电子信息博览会将在四川成都举行。本届西部电博会推出电子元器件、集成电路、特种电子、数字产业、机器人等主题 展区，预计将吸引超2万名专业观众参与。 7月9日，16家公司共发布18个股票回购相关进展。其中，3家公司首次披露股票回购预案，4家公司披露股票回购实施进展，9家公司回购方案已实施完毕。 从首次披露回购预案来看，湖南海利、硕贝德、顾家家居分别拟回购不超1.58亿元、3000.0万元、334.72万元。从回购实施进展来看，德展健康、嘉化能 源、天奈科技回购金额最高，分别回购1. ...