出台大规模回购方案，彰显发展信心。8 月 20 日，公司发布公告，拟以自 有资金/自筹资金 1-1.5 亿元回购公司股份，回购价格上限为 29.50 元/股， 自公司董事会审议通过本次回购方案之日起 12 个月内实施，彰显对未来 发展的信心。 证券研究报告 | 半年报点评 gszqdatemark 2025 08 27 年 月 日 聚光科技（300203.SZ） 业绩短期承压，高端科学仪器发力在即 公司 2025H1 业绩短期承压。公司发布 2025 年半年度报告，实现营收 12.9 亿元（yoy-8.2%）；归母净利润-5050.1 万元（yoy-210.9%）。单季度 来看，25 年 Q2 实现营收 7.5 亿元（yoy-14.2%），归母净利润-2997.3 万 元（yoy-142.3%）。在主动深化业务优化与聚焦高价值领域的转型过程中， 公司经营成果阶段性承压，营收与利润较上年同期有所回调。 运营服务、检测服务及咨询服务下降较为明显。仪器、相关软件及耗材实 现营收 9.0 亿元（yoy-7.4%），占比 69.2%；运营服务、检测服务及咨询 服务实现营收 2.1 亿元（yoy-11.8%），占比 16 ...

Core Viewpoint - The company, as a leader in the domestic scientific instrument industry, is facing significant development opportunities under the national push for self-control and domestic substitution. With the deepening of relevant support policies and the gradual release of equipment renewal demand in downstream industries, the company is expected to achieve rapid growth in order acquisition and revenue conversion in the scientific instrument field by 2025 [1][5][10] Financial Performance - In 2024, the company achieved revenue of 3.614 billion yuan, a year-on-year increase of 13.58%, and a net profit attributable to shareholders of 207 million yuan, a year-on-year increase of 164.11%. The non-recurring net profit attributable to shareholders was 127 million yuan, a year-on-year increase of 132.82% [1][3] - For Q1 2025, the company reported revenue of 547 million yuan, a year-on-year increase of 1.38%, and a net profit attributable to shareholders of -21 million yuan, a year-on-year increase of 18.77% [1][4] Business Strategy - The company is focusing on core businesses such as scientific instruments, life science instruments, and industrial analysis instruments, while appropriately reducing long-term R&D layouts and non-high-end analysis instrument businesses. This strategy has led to a significant turnaround in profitability [3][10] - The company has established four business units targeting clinical research and early disease diagnosis, indicating a proactive approach to expanding into the life sciences sector [7] Operational Efficiency - The overall gross margin for 2024 was 44.43%, an increase of 3.17 percentage points year-on-year. The company has effectively controlled expenses, with a sales expense ratio of approximately 16.67%, a decrease of about 4.21 percentage points [8][9] - The net cash flow from operating activities for 2024 was 688 million yuan, a year-on-year increase of 152.34%, reflecting improved operational quality [8] Future Outlook - The company is expected to benefit from the acceleration of local government debt reduction and the gradual alleviation of the negative impact of PPP projects on overall performance. This is anticipated to support the company's performance recovery [5][6][10] - Projections for 2025-2027 indicate expected revenues of 4.066 billion, 4.538 billion, and 5.039 billion yuan, with corresponding net profits of 320 million, 439 million, and 589 million yuan, reflecting a strong growth trajectory [11]

Core Viewpoint - Yunnan University has announced procurement intentions for 25 items of laboratory equipment, with a total budget of 169 million yuan, scheduled for procurement between February and May 2025 [1][2]. Procurement Overview - The procurement includes advanced instruments such as molecular interaction analyzers, multifunctional enzyme labelers, plasma focused ion beam cryo-electron microscopes, triple quadrupole liquid chromatography-mass spectrometry systems, and high-speed confocal microscopes [2][4]. - The total budget for these instruments is 169 million yuan, indicating a significant investment in research capabilities [1][2]. Specific Equipment and Budget - Molecular Interaction Analyzer: 1 set, unit price 3.1 million yuan [5]. - Multifunctional Enzyme Labeler: 1 set, unit price 1.46 million yuan [5]. - Plasma Focused Ion Beam Cryo-Electron Microscope: 1 set, unit price 20 million yuan [5]. - Triple Quadrupole Liquid Chromatography-Mass Spectrometry System: 1 set, unit price 3.3 million yuan [5]. - High-Speed Confocal Microscope: 1 set, unit price 3.9 million yuan [5]. Procurement Goals - The procurement aims to enhance research capabilities in various fields, including photovoltaic materials, electrochemical testing, and molecular biology, supporting the development of high-performance technologies [4][5]. - The equipment will facilitate comprehensive research processes from theoretical design to performance evaluation, particularly in the fields of materials science and life sciences [4][5]. Compliance and Standards - All procured equipment must meet national safety and environmental standards, ensuring compliance with mandatory energy-saving and environmental protection regulations [4][5][6].

导读： 江南大学发布多批政府采购意向，其中仪器设备品目44项，预算总额达1.22亿元。 特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 近日，江南大学4 4项仪器设备采购意向，预算总额达1 . 2 2亿元，涉及三重四极杆液质联用仪、低真空高分辨场发射扫 描电镜、表面等离子共振仪、全二维气相色谱飞行时间质谱联用仪、四极杆静电场轨道阱超高分辨质谱、超灵敏串联四 极杆液质联用仪等，预计采购时间为2 0 2 5年4~6月。 江南大学2 0 2 5年4 ~ 6月仪器设备采购意向汇总表 | 采购 | 需求概况 | 预算 | 采购 | | --- | --- | --- | --- | | 项目 | | 万元 | 时间 | | 三重四极 | 拟采购1台三重四极杆液质联用仪，用于对血、尿、粪便 | | | | | | 320 | 2025年 | | 杆液质联 | 等复杂生物样本中痕量食品功能物质进行定量分析，开展 | | 4月 | | 用仪 | 靶向和广泛靶向代谢组学、靶向和广泛脂质组学分析。 | | | | | 本项目计划采购低真空高分辨场发射扫 ...

郑州大学资产与财务部环境球差校正透射电子显微镜项目 一、项目基本情况 最高限价：31000000元 | | 包号 | 包名称 | 包预算(元) | 包最高限价(元) | | --- | --- | --- | --- | --- | | | 豫政采(2)20250347-1 | 郑州大学资产与财务部环境球差校 正透射电子显微镜项目 | 31000000 | 31000000 | | 序 름 1 | | | | | 5、采购需求（包括但不限于标的的名称、数量、简要技术需求或服务要求等） 导读： 郑州大学资产与财务部环境球差校正透射电子显微镜采购项目，预算金额分别为：31,000,000.00元，42,450,000.00元 特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 5.1采购内容：环境球差校正透射电子显微镜（1套）5.2交货期：自合同签订生效之日起540日历天。5.3交货地点：采购人指定地 点。5.4质量标准：合格，符合国家、行业规定的规范标准。5.5质量保证期：自验收合格之日起国产设备质量保证期3年，进口设备 质量保证期1年。 ...