日联科技 20250928 摘要 日联科技是国内领先的 X 射线智能检测系统提供商，已实现 X 射线源、 AI 影像软件和检测装备全产业链技术布局，产品应用于半导体、新能源 电池、汽车零部件等高精度检测领域，客户包括比亚迪、宁德时代等龙 头企业。 公司营收与利润保持高速增长，过去四年营收复合增速接近 38%，利润 及扣非利润复合增速达到 60%。2025 年上半年新签订单增长接近 100%，预计三、四季度报表表现强劲，下游市场及应用场景持续扩展。 日联科技是国内唯一能够量产 X 射线源的企业，打破了国外垄断，该核 心部件占设备成本约 30%，毛利率高达 70%-80%，净利率较高，且中 短期内难有新的竞争者进入，具备持续享受红利并向海外扩张的潜力。 公司 IPO 后账上现金约 20 亿元，计划通过境内外投资并购团队进行外 延扩张，实现内生与外延双驱动，打造全球检测平台，并通过已有客户 渠道推广更多检测设备，提高单客户 ARPU 值。 工业 X 射线源主要分为微焦点、大功率和普通射线源，日联科技在微焦 点 X 射线源领域打破海外垄断，产品应用于晶圆检测、芯片封装、新能 源电池制造等领域。 Q&A 请介绍一下日联 ...

每经AI快讯，有投资者在投资者互动平台提问：公司产品可以用在光通信的检测吗？ 思泰克（301568.SZ）9月26日在投资者互动平台表示，随着算力需求发展，光通信网络持续迭代升级， 光模块800G、1.6T将逐步成为标配。公司自研的3D SPI和3D AOI可充分应用于光通信领域，适用光模 块线路板制程环节的检测。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the news is the significant stock price increase of Shenzhen Jingzhida Technology Co., Ltd., which has risen 44.33% over the past five days, reaching a price of 188.90 CNY per share [1] - The company specializes in the research, production, and sales of new display device testing equipment, with its main revenue sources being optical detection and calibration systems (52.16%), semiconductor memory device testing (31.06%), aging systems (10.51%), signal generators (4.17%), touch detection systems (1.36%), testing system accessories (0.64%), and others (0.11%) [1] - As of the latest data, the total market capitalization of Jingzhida is 17.759 billion CNY, with a trading volume of 1.083 billion CNY and a turnover rate of 8.48% [1] Group 2 - The fund "Huitianfu Mobile Internet Stock A" has increased its holdings in Jingzhida by 59,500 shares, bringing its total to 996,800 shares, which represents 3.45% of the fund's net value [2] - The fund has achieved a floating profit of approximately 9.898 million CNY today and a total floating profit of 54.7927 million CNY during the five-day stock price increase [2] - The fund has a total asset size of 2.317 billion CNY and has delivered a year-to-date return of 72.69%, ranking 101 out of 4,220 in its category [2]

Core Viewpoint - The announcement details the transfer of shares from the controlling shareholder, Peng Qian, to a private equity fund, aiming to optimize the company's equity structure and attract strategic investors while addressing personal funding needs [1][2]. Share Transfer Details - Peng Qian plans to transfer a total of 14,044,100 shares, representing 5.02% of the company's total equity, to Wenfa Changjiang No. 2 Private Securities Investment Fund at a price of 60.24 yuan per share [2]. - After the transfer, Peng Qian will hold 58,500,000 shares, or 20.91% of the total equity, while Wenfa Changjiang No. 2 will become a significant shareholder with 5.02% [2]. Financial Performance - In the first half of 2025, the company reported revenue of 1.381 billion yuan, a year-on-year increase of 23.20%, but a net profit attributable to shareholders of 27.67 million yuan, down 44.48% [3][4]. - The company's cash flow from operating activities was negative 460 million yuan, compared to negative 198 million yuan in the same period last year [3][4]. Future Projections - For 2024, the company expects revenue of 2.565 billion yuan, a growth of 5.59%, but anticipates a net loss of 97.60 million yuan, contrasting with a profit of 150.10 million yuan in 2023 [5]. - The projected net profit excluding non-recurring items is expected to be negative 158.56 million yuan, a significant decline from the previous year's profit of 32.88 million yuan [5]. Historical Context - The company was listed on the Shenzhen Stock Exchange in November 2016, raising approximately 398.40 million yuan through an initial public offering [6]. - The total amount raised from four fundraising activities since its listing is approximately 3.543 billion yuan [10].

9月24日，南华仪器涨5.16%，截至发稿，报13.25元/股，成交3943.50万元，换手率3.50%，总市值17.83 亿元。 资料显示，佛山市南华仪器股份有限公司位于广东省佛山市南海区桂城街道科泓路1号，成立日期1996 年4月24日，上市日期2015年1月23日，公司主营业务涉及从事机动车检测设备及系统(包括机动车排放 物检测系统、机动车安全检测系统、机动车排放物检测仪器、机动车安全检测仪器)的研发、生产和销 售与环境监测设备及系统(包括CEMS烟气排放连续监测设备、VOCs挥发性有机物在线监测设备、 VOCs挥发性有机物便携式检测仪器、污染源气体在线监测系统及管理平台)的研发、生产和销售。主营 业务收入构成为：机动车检测设备及系统93.29%，环境检测设备及系统2.73%，城乡数字化综合解决方 案类2.52%，车驾管行业联网软件类1.46%。 从南华仪器十大流通股东角度 截至发稿，江峰累计任职时间5年165天，现任基金资产总规模57.82亿元，任职期间最佳基金回报 122.15%， 任职期间最差基金回报2.21%。 王颖累计任职时间8年223天，现任基金资产总规模61.76亿元，任职期间最佳基金回报 ...

Group 1 - The core viewpoint of the news highlights the significant increase in the stock price of Jingzhida, which rose by 16.97% on September 23, with a trading volume of 1.315 billion yuan [1] - As of September 23, the financing balance of Jingzhida reached 463 million yuan, accounting for 3.58% of its circulating market value, indicating a high level of financing activity compared to the past year [1] - The company specializes in the research, production, and sales of new display device testing equipment, with its main revenue sources being optical detection and calibration systems (52.16%) and semiconductor memory device testing (31.06%) [1] Group 2 - As of September 10, the number of shareholders in Jingzhida increased to 6,335, reflecting a growth of 33.34%, while the average circulating shares per person decreased by 24.02% [2] - For the first half of 2025, Jingzhida reported a revenue of 444 million yuan, representing a year-on-year growth of 22.68%, but the net profit attributable to the parent company decreased by 19.94% to 30.587 million yuan [2] - Since its A-share listing, Jingzhida has distributed a total of 64.8572 million yuan in dividends [3]

Group 1 - The core viewpoint of the news is that Jingzhida has experienced a significant stock price increase, with a 5.03% rise on September 22, reaching 154.42 CNY per share, and a cumulative increase of 18.56% over three consecutive days [1] - Jingzhida Technology Co., Ltd. is based in Shenzhen, Guangdong, and specializes in the research, production, and sales of new display device testing equipment, with its main revenue sources being optical detection and calibration systems (52.16%), semiconductor memory testing (31.06%), and aging systems (10.51%) [1] - The company was established on May 31, 2011, and went public on July 18, 2023, with a total market capitalization of 14.517 billion CNY [1] Group 2 - Huazhan Fund holds a significant position in Jingzhida, with its Huazhan Intelligent Equipment Theme Stock A fund owning 365,800 shares, accounting for 3.45% of the fund's net value, making it the sixth-largest holding [2] - The fund has generated a floating profit of approximately 2.7071 million CNY today and 8.4213 million CNY during the three-day price increase [2] - The fund manager, Liu Changchang, has a tenure of 5 years and 260 days, with the fund's total asset size at 6.642 billion CNY and a best return of 237.59% during his management [2]

汇添富移动互联股票A（000697）基金经理为沈若雨。 从基金十大重仓股角度 数据显示，汇添富基金旗下1只基金重仓精智达。汇添富移动互联股票A（000697）二季度增持5.95万 股，持有股数99.68万股，占基金净值比例为3.45%，位居第七大重仓股。根据测算，今日浮盈赚取约 737.61万元。连续3天上涨期间浮盈赚取2294.57万元。 汇添富移动互联股票A（000697）成立日期2014年8月26日，最新规模23.17亿。今年以来收益66.2%， 同类排名117/4222；近一年收益108.72%，同类排名302/3813；成立以来收益151.3%。 9月22日，精智达涨5.03%，截至发稿，报154.42元/股，成交2.10亿元，换手率1.92%，总市值145.17亿 元。精智达股价已经连续3天上涨，区间累计涨幅18.56%。 资料显示，深圳精智达技术股份有限公司位于广东省深圳市龙华区龙华街道清湖社区清湖村富安娜公司 1号101工业园D栋1楼东，成立日期2011年5月31日，上市日期2023年7月18日，公司主营业务涉及新型 显示器件检测设备的研发、生产和销售业务。主营业务收入构成为：光学检测及校正修 ...

精智达 20250918 摘要 精智达公告 3.2 亿元订单，含全国首台 FT 高速机，标志着在国产 DM 厂商领域实现突破，预计未来三年在存储测试机市场占据 50%份额，实 现 30 亿以上收入和约 7.7 亿净利润。 探真卡业务方面，精智达是 DRAM 龙头厂商的二供，2025 年营收预计 约 1.5 亿元。FormFactor 断供或将推动精智达成为一供，对应 15 亿元 市场空间。 面板检测业务稳定贡献每年 6-7 亿元收入和约 1.5 亿元利润。AR 眼镜检 测设备是 Meta AR 眼镜的全球独供，每 200 万部眼镜对应约 1 亿元设 备价值量，贡献 4,000 万元利润。 现有四大业务板块总计可实现约 10.6 亿元利润。按 20 倍 PE 计算，公 司市值可达 200 亿以上；按 25 倍 PE 计算，则可达 250 亿以上，乐观 情况下可能超过 300 亿。 公司计划 2026 年推出 SOC 及 GPU 测试设备，与多家 GPU 和 ADAS 芯片客户对接，预计至少增加 50 亿市值。 当前时点处于公司主升浪阶段，是重要投资机会。龙头 DRAM 厂商 HBM 设备招标订单下发将兑现公司逻 ...

Event Overview - In the first half of 2025, the company reported operating revenue of 1.381 billion yuan, a year-on-year increase of 23.2% [1] - The net profit attributable to shareholders was 28 million yuan, a year-on-year decrease of 44.48% [1] - The gross margin was 44.05%, up 0.96 percentage points year-on-year, while the net profit margin was 7.44%, up 3.5 percentage points year-on-year [1] - In Q2 2025, the company achieved operating revenue of 692 million yuan, a year-on-year decrease of 1.61% [1] - The net profit attributable to shareholders was -10 million yuan, a year-on-year decrease of 115.1% [1] - The gross margin was 46.35%, up 5.59 percentage points year-on-year, while the net profit margin was 10.46%, down 1.51 percentage points year-on-year [1] Semiconductor Business Growth - In the first half of 2025, the semiconductor segment achieved sales revenue of 563 million yuan, a year-on-year increase of 146.44% [2] - The gross margin was 48.69%, up 8.09 percentage points year-on-year, and the net profit was 158 million yuan, a year-on-year increase of 2,316.39% [2] - The company had approximately 1.823 billion yuan in orders in the semiconductor field, accounting for 50.51% of total orders [2] - The company is developing a comprehensive product layout in semiconductor testing, including front-end, advanced packaging, and back-end testing technologies [2][3] Display Business Recovery - In the first half of 2025, the display segment achieved sales revenue of 671 million yuan, a year-on-year decrease of 13.54% [4] - The net profit attributable to shareholders was 27.75 million yuan, a year-on-year decrease of 66.08% [4] - The gross margin was 43.09%, up 1.62 percentage points year-on-year [4] - The company had approximately 1.44 billion yuan in orders in the display field, an increase of 88.48% compared to April 2025 [4] - The company is focusing on high-margin new products and deepening its layout in the AR/VR industry [4] New Energy Sector Performance - In the first half of 2025, the new energy sector achieved sales revenue of 120 million yuan, a year-on-year increase of 27.32% [4] - The gross margin was 28.74%, down 3.16 percentage points year-on-year [4] - The company had approximately 346 million yuan in orders in the new energy sector [4] - The company is optimizing its business structure and reallocating resources to its core business areas [4] Investment Forecast - The company adjusted its revenue forecasts for 2025-2027 to 3.316 billion, 4.112 billion, and 5.024 billion yuan respectively [5] - The net profit forecasts for the same period are 183 million, 329 million, and 560 million yuan respectively [5] - The diluted EPS is projected to be 0.65, 1.17, and 2.00 yuan [5] - The current stock price corresponds to PE multiples of 112, 62, and 36 times for 2025-2027 [6] - The company maintains an "overweight" rating due to its leadership in display and semiconductor testing equipment [6]