万集科技 20250827 摘要 2025 年上半年公司营收 4.21 亿元，同比增长超 10%，ETC、动态称 重、激光雷达、智能网联业务均稳步增长，其中激光雷达营收同比增长 超 50%。 公司在车路云一体化建设方面具备全方位技术能力，包括车、路、云、 网、图的综合技术，构建了面向车路协同、安全预警、辅助驾驶和自动 驾驶的架构及交付能力。 ETC 市场公司占据 80%以上份额，动态称重市场位列前三，激光雷达在 工业领域取得突破，智能网联规模较小但加大推广力度。 2025 年上半年毛利率为 31.42%，同比上升 3.3%。ETC 毛利率上升 5.05%，动态称重毛利率上升 3.55%，激光雷达毛利率基本持平，智能 网联毛利率有所下降。 公司将继续推进核心业务发展，加强成本管控，加大对工业用激光雷达 和智能网联的投入，深化生态合作，推动产业共享与创新。 受益于设备更新政策，公司聚焦数字隧道、数字收费站、智慧服务区等 应用场景，已建成 50 条以上数字隧道和上百座数字收费站及服务区。 公司首创摩托车 ETC 和微型拇指 ETC，并与头部车企联合开发自驾通过 ETC 收费站场景功能，达成长期合作，将前装 ETC ...

公司股东户数为4.46万户，前十大股东持股数量为3.75亿股，占总股本比例为58.04%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 唐健 | 26.0 | | 2 | 深圳市特区建发智慧交通投资合伙企业(有限合伙) | 13.0 | | 3 | 刘翠英 | 11.1 | | ব | 中国银行股份有限公司-摩根士丹利数字经济混合型证券投资基金 | 1.65 | | 5 | 云南国际信托有限公司-云南信托·大西部丝绸之路2号集合资金信托计划 | 1.38 | | 6 | 李玲 | 1.36 | | 7 | 中国工商银行-华安中小盘成长混合型证券投资基金 | 1.16 | | 8 | 香港中央结算有限公司 | 0.93 | | g | 中国工商银行股份有限公司-华商新趋势优选灵活配置混合型证券投资基金 | 0.78 | | 10 | 刘浩 | 0.62 | 公司最新资产负债率为35.37%。 公司摊薄每股收益为0.06元，在已披露的同业公司中排名第28，较去年同报告期摊薄每股收益增加0.04元，同比较去年同期上涨151.36%。 公司最新总资 ...

锐明技术表示，未来，面对变化的市场环境，公司将坚持技术创新和精细化管理，不断增强核心竞争力，为股东创造更大价值。 （校对/黄仁贵） | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入(元) | 1,155,631,115.30 | 1.152.234.537.86 | | 0.29% | | 归属于上市公司股东的净利 | 203, 071, 747. 93 | 123,667,372.23 | | 64. 21% | | 润(元) | | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 178,017,823.18 | 118, 127, 745, 51 | | 50. 70% | | (元) | | | | | | 经营活动产生的现金流量净 | 168, 400, 550, 94 | 99,677,020.33 | | 68.95% | | 额(元) | | | | | | 基本每股收益(元/股) | 1. 15 | 0.72 | | 59.72% | | 稀释每股收益(元/股) | 1. 15 ...

Core Viewpoint - The company is focusing on enhancing its technology research and product innovation capabilities to seize opportunities in the thermal management system business as the electric vehicle industry rapidly develops [2]. Group 1: Company Performance - As of June 30, 2025, the company's stock closed at 13.02 yuan, an increase of 5.51%, with a turnover rate of 22.22%, trading volume of 303,800 hands, and a transaction amount of 386 million yuan [1]. Group 2: Business Strategy - The company aims to continuously improve its product delivery and service capabilities, enhance customer satisfaction and brand loyalty, and achieve sustainable development [2]. - The company’s main business segments include integrated AFC systems for rail transit, ETC business for road traffic, and thermal management system equipment [7]. Group 3: Digital Currency and Market Expansion - The company currently does not have any digital currency business and is focusing on integrated projects involving payment scenarios with AFC and ETC devices [4][5][7]. - The company is coordinating with other parties for potential digital currency applications but has not yet launched any related business [13]. Group 4: Technical Advantages - The company's thermal management business includes products such as liquid cooling systems for power batteries, energy storage systems, complete vehicle thermal management systems, and rail transit thermal management systems [10]. Group 5: Investment Activities - The company has made minor investments in related companies through funds, but these holdings do not significantly impact its main business operations [11][12]. Group 6: Market Activity - On June 30, the company experienced a net inflow of 27.57 million yuan from institutional investors, while retail investors saw a net outflow of 30.26 million yuan [14][15].