净利连亏三年后，三孚新科（688359）2025年半年度业绩表现也不理想。8月26日，三孚新科发布2025 年半年报显示，公司上半年实现归属净利润约-2231.05万元，同比增亏。另外，公司上半年研发费用约 3290.37万元，同比下降12.71%；公司上半年销售费用约3075.47万元，同比增长26.28%。 财报显示，今年上半年，三孚新科实现营业收入约2.27亿元，同比下降23.26%；对应实现归属净利润 约-2231.05万元，同比增亏；对应实现扣非后归属净利润约-2439.83万元，同比增亏。报告期内公司亏 损有所增加，三孚新科给出了两点解释，其一，上年同期公司转让子公司股权，确认投资收益；其二， 报告期内公司设备构件收入大幅下降，设备类销售毛利大幅下降。 据了解，三孚新科成立于2009年，是一家表面工程专用化学品及专用设备提供商，主要从事表面工程技 术的研究及新型环保表面工程专用化学品与专用设备的研发、生产和销售。公司主要产品有电子化学 品、通用电镀化学品以及表面工程专用设备等。公司下游客户以PCB行业龙头企业为主，市场集中度 高，头部企业占据国内较大市场份额。 今年上半年，三孚新科研发费用约为32 ...

北京商报讯（记者 马换换 王蔓蕾）8月26日，三孚新科（688359）发布2025年半年度报告显示，公司上 半年实现归属净利润约为-2231.05万元，同比增亏。 财报显示，2025年上半年，三孚新科实现营业收入约为2.27亿元，同比下降23.26%；对应实现归属净利 润约为-2231.05万元，同比增亏。 据了解，三孚新科主营业务为新型环保表面工程专用化学品以及表面工程专用设备的研发、生产和销 售。 ...

Group 1 - The company has established a complete product matrix in the high-end PCB manufacturing field, including specialized chemicals and plating equipment necessary for key processes such as horizontal copper deposition, pulse plating, hole filling plating, and chemical nickel-gold [1] - The company's customer base includes over fifty PCB manufacturers, primarily consisting of leading companies or publicly listed firms in the PCB industry [1] - The company's PCB-specific chemicals and copper foil production equipment have been applied in the manufacturing of AI server boards, indicating a focus on the AI application sector [1] Group 2 - The company is actively developing advanced surface treatment processes to meet the demands for high-precision circuit manufacturing [1]

Core Viewpoint - Honeywell announced significant acquisitions and divestitures, including the acquisition of Johnson Matthey's catalyst technology business for £1.8 billion (approximately RMB 17.4 billion) and the sale of its personal protective equipment (PPE) business for $1.325 billion (approximately RMB 9.5 billion) [1][3]. Group 1: Acquisitions - Honeywell agreed to acquire Johnson Matthey's catalyst technology business, expected to be completed in the first half of 2026 [1]. - The catalyst business focuses on low-carbon hydrogen production, sustainable aviation fuel (SAF), and carbon capture and utilization (CCUS) [1]. - This acquisition will enhance Honeywell's UOP business, allowing it to provide comprehensive solutions for low-emission fuels [2]. Group 2: Divestitures - Honeywell completed the sale of its PPE business to Protective Industrial Products for $1.325 billion [3]. - This sale marks Honeywell's exit from the PPE sector, following previous divestitures in related areas [3]. - The company also plans to separate its automation and aerospace businesses by the second half of 2026 [3]. Group 3: Financial Performance - Honeywell's projected sales for 2024 are $38.5 billion, reflecting a 5% year-over-year growth [4]. - In Q1 2025, sales reached $9.8 billion, an 8% increase year-over-year, with a consistent growth in backlog orders [4]. - The company anticipates 2025 sales to be between $39.6 billion and $40.5 billion, continuing its growth trajectory [4].

Financial Performance - The company achieved a net profit attributable to shareholders of 61.77 million yuan in 2024, representing an increase of 85.24% compared to the previous year [2] Dividend Distribution - In 2024, the company conducted two cash dividend distributions: 1. In July 2024, a cash dividend of 0.2 yuan per 10 shares was distributed, totaling 11,704,328.44 yuan (including tax) [3] 2. In December 2024, a cash dividend of 0.33 yuan per 10 shares was proposed, totaling 19,312,141.93 yuan (including tax) [3] Business Performance - The gross margin for the specialized chemical business dropped to 1% due to high volatility in silver prices, which constitute a significant portion of product costs [4] - The company is actively participating in the photovoltaic industry to expand market share, even with low margins, to establish a competitive advantage [4] Future Outlook - The performance compensation expected to be paid in 2025 may impact the company's consolidated financial results, with the final amount to be determined through negotiations with relevant parties [4]