上 市 公 司 公 司 研 究 / 公 司 点 评 证 券 研 究 报 告 | 公 | | --- | | 司 | | 研 | | 究 | | / | | 公 | | 司 | | 市场数据： | 2026 年 02 月 26 日 | | --- | --- | | 收盘价（元） | 73.18 | | 一年内最高/最低（元） | 97.00/46.15 | | 市净率 | 5.8 | | 股息率%（分红/股价） | 1.23 | | 流通 A 股市值（百万元） | 1,464 | | 上证指数/深证成指 | 4,146.63/14,503.79 | 注："股息率"以最近一年已公布分红计算 | 基础数据: | 2025 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 12.59 | | 资产负债率% | 31.07 | | 总股本/流通 A 股（百万） | 100/20 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 证券分析师 刘正 A0230518100001 liuzheng@swsresearch.com 刘嘉玲 A0230522120 ...

2月26日，可申购北交所的觅睿科技（920036.BJ）；另有一只新股上市，为北交所的通宝光电 （920168.BJ）。 一只新股申购 项，其中已授权发明专利26项；境外专利100项，其中已授权发明专利1项，另有多项发明专利正在申请 中。2024年，在知名安防媒体a&s发布的"2024年全球安防50强"榜单中，公司位列第29位。 市场方面，觅睿科技采取线下和线上相结合的销售模式，公司ODM产品主要采用线下直销的销售模 式，自有品牌产品主要采用线上直销模式，公司产品和服务已覆盖北美洲、欧洲、亚洲、大洋洲等地 区，辐射全球主流线上和线下渠道，产品入驻沃尔玛（Walmart）、亚马逊（Amazon）、塔吉特 （Target）等知名商超及网络购物平台。公司产品曾获得2021年度德国IF设计奖（iFDesignAward）、 2021年度红点奖（RedDotWinner），公司自主品牌智能门铃Optic系列被评为"2020年度中国安防十大新 锐产品"。公司产品已取得中国SRRC认证，欧盟CE、RoHS认证，美国FCC认证，澳大利亚RCM认证， 日本TELEC、PSE认证，加拿大IC认证及韩国KC认证等与公司主要产品相对 ...

新华社北京2月23日电 题：返程高峰！多地强化应对举措确保平安出行 新华社记者叶昊鸣、王聿昊 春节假期入尾声，假期返程也进入高峰期。 来自交通运输部的数据显示，2月22日全社会跨区域人员流动量超3.8亿人次，比2025年同期（2月3日， 农历正月初六）增长12.3%。预计2月23日全社会跨区域人员流动量超3.6亿人次，比2025年同期（2月4 日，农历正月初七）增长11.9%。 假期最后一天，山东济南西站人潮涌动，不少旅客踏上返程路途。 针对返程客流激增情况，国铁济南局青岛北站动态调整进站通道布局，优化旅客进站流线，开启全部40 个进站通道、18个安检通道和16个双向换乘通道，最大限度满足旅客进站、换乘需求。日照站增派春运 志愿者在安检、检票口区域引导，动态调整检票时间，科学做好旅客分流，提升通行效率。 作为皖北重要高速新通道，刚刚开通的五蒙高速公路首次参与春运"大考"。 假期尾声，冷空气主体继续东移南下，给我国东北地区、华北、黄淮等地带来大风和显著降温，全国雨 雪分布较广，将对公众出行造成一定影响。 从21日傍晚开始，吉林省多地出现降雪天气，道路积雪。吉林省各级高速公路、普通公路管养单位及交 通执法部门"以 ...

Core Insights - The demand for electric vehicle charging surged during the Spring Festival holiday, prompting the company to enhance its charging network by adding 118 new charging stations and 708 charging piles in key areas [1][3]. Group 1: Charging Infrastructure Development - The company deployed mobile charging vehicles at highway service areas to ensure charging availability during the Spring Festival travel peak [3]. - A total of 0.68 billion kWh of charging is expected across the network from February 15 to 23, with peak charging days on February 15, February 21, and February 22, averaging about 8.6 million kWh per day [3][4]. - The company focused on operational readiness by accelerating the commissioning of charging facilities in the Guangdong-Hong Kong-Macao Greater Bay Area and other user hotspots [3]. Group 2: Safety and Maintenance Measures - The company conducted safety inspections at 2,225 charging stations on highways and national/provincial roads to ensure operational safety and address potential hazards [3]. - Over 16,000 personnel were assigned to provide on-site maintenance and service at 1,105 charging stations during the holiday period [4]. - The company utilized digital tools to enhance equipment maintenance efficiency, ensuring that charging services remained orderly and high-quality [4].

Investment Rating - The report assigns a rating of "Buy" for the company [5] Core Insights - The company has a strong growth trajectory, with a net profit margin consistently above 10%. In the first three quarters of 2025, the company achieved a revenue of 1.03 billion yuan, a year-on-year increase of 23%, and a net profit of 110 million yuan, up 9% year-on-year. The CAGR for revenue and net profit from 2017 to 2024 is 12% and 21%, respectively [2][24] - The company has established a robust global presence with manufacturing bases in Suzhou, Zhangjiagang, Vietnam, and Mexico, and has partnerships with major brands such as Stanley Black & Decker and TTI Group [1][15] - The company is diversifying into various sectors, including automotive components, drones, and liquid cooling servers, leveraging its expertise in smart control technology [1][8] Summary by Sections 1. Company Overview - Founded in 2001, the company has over 20 years of experience in smart control, initially focusing on electric tools and later expanding into automotive, drones, and liquid cooling servers [1][15] - The company has a stable revenue structure, with over 90% of its income derived from electric tool components, including smart switches and brushless motors [17][19] 2. Financial Performance - The company reported a revenue of 1.51 billion yuan for 2025, with a projected net profit of 162 million yuan, reflecting a year-on-year growth of 22.7% and 5.6%, respectively [12] - The gross margin has remained above 25%, with a net profit margin consistently above 10% [24][25] 3. Product Segmentation - The electric tool components segment is the primary revenue driver, with smart switches contributing significantly to profitability, achieving a gross margin of around 30% [3][56] - The automotive components segment is being developed, with products like electronic brake motors and liquid cooling systems already in the pipeline [4][62] 4. Market Position and Strategy - The company is well-positioned to capture market share in the electric tools market, which is expected to grow significantly, with projections indicating a market size exceeding 130 billion to 160 billion USD by 2032-2034 [2][39] - The company has established long-term partnerships with leading global brands, ensuring a stable revenue stream and enhancing its competitive edge [20][44] 5. Future Outlook - The company aims for substantial revenue growth, targeting a revenue increase of at least 50% in 2026, 120% in 2027, and 200% in 2028 based on its stock option incentive plan [10][36] - The report forecasts revenues of 1.5 billion, 2.3 billion, and 3.3 billion yuan for 2025, 2026, and 2027, respectively, indicating a strong growth trajectory [10][12]

经济观察网日丰股份（002953）近期值得关注的事件主要涉及行业政策动态、公司业务进展及市场表 现。 行业政策与环境 国家电网公司于2026年1月宣布，"十五五"期间(2026-2030年)固定资产投资预计达4万亿元，较"十四 五"增长40%，旨在推动新型电力系统建设。作为电网设备行业企业，日丰股份可能受益于这一政策。 业务进展情况 日丰股份在新能源领域持续布局，包括新能源电缆、充电枪等产品，其募投项目"新能源及特种装备电 缆组件项目"已于2025年完成建设，产能释放有望支撑订单增长。此外，公司海外业务表现突出，2025 年上半年境外收入达4.04亿元，同比增长37.71%，聚焦东盟、欧盟及"一带一路"市场。 股票近期走势 2025年三季报显示，公司营业收入35.18亿元，同比增长14.92%；归母净利润1.39亿元，同比增长 10.40%。但第三季度净利润同比下降29.45%，需关注后续业绩改善情况。 2026年2月9日，日丰股份股价上涨2.07%，报收12.85元/股，成交额5240.19万元，主力资金净流入15.26 万元。今年以来股价累计上涨11.93%，但近60日下跌1.15%，反映短期波动。 以上 ...

云意电气（300304.SZ）2月11日在投资者互动平台表示，公司新能源连接类产品包含充电枪、连接器 等，可应用于充电桩领域，目前相关产品已实现批量供货，具体内容详见公司于中国证监会指定创业板 信息披露网站巨潮资讯网发布的定期报告。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司有产品用于充电桩吗？ ...

Core Viewpoint - Yunyi Electric (300304.SZ) has confirmed that its new energy connection products, including charging guns and connectors, are applicable in the charging pile sector and have already achieved mass supply [1] Group 1 - The company specializes in new energy connection products [1] - Products include charging guns and connectors [1] - The company has successfully commenced bulk supply of these products [1]

Group 1 - The core viewpoint of the article is that Yunyi Electric (300304.SZ) has successfully achieved mass supply of its new energy connection products, which include charging guns and connectors, applicable in the charging pile sector [1] Group 2 - The company has confirmed that its products are now in bulk supply, indicating a significant step in its operational capabilities within the new energy market [1]

Core Viewpoint - Tongbao Optoelectronics (920168.BJ) is a specialized manufacturer of automotive electronic components, focusing on automotive lighting systems, electronic control systems, and energy management systems, recognized as a national "specialized and innovative" small giant enterprise [1] Group 1: Technology and Product Development - The company has successfully entered the electronic control system sector in 2022, leveraging EPS controllers as a breakthrough [1] - Tongbao Optoelectronics is set to begin mass production of its CDU power distribution assembly in 2024, with ongoing development of charging gun products [1] - As of June 30, 2025, the company has obtained 79 patents, including 18 invention patents, and has led the drafting of industry standards for automotive LED modules [1] Group 2: Customer Base and Market Position - The company's automotive lighting products are utilized in popular models from major brands such as SAIC-GM-Wuling, GAC Aion, GAC Trumpchi, Dongfeng Nissan, and SAIC Volkswagen, establishing a strong market reputation [2] - Tongbao Optoelectronics has become a strategic core supplier for SAIC-GM-Wuling, with sales to its top five customers accounting for 94.65%, 98.42%, 96.57%, and 99.11% of revenue from 2022 to the first half of 2025 [2] - The first major customer, SAIC-GM-Wuling, represented 66.83%, 63.99%, 83.35%, and 93.45% of sales during the same period, indicating a high customer concentration [2] Group 3: Risks and Market Conditions - The company acknowledges the risk associated with high customer concentration and reliance on a single major client [3] - Future collaboration with SAIC-GM-Wuling may be affected by competitive pressures or operational challenges faced by either party [3] - The company's performance is closely tied to the overall automotive market, which is currently experiencing growth, but may face downturns due to macroeconomic fluctuations or declining consumer demand [3]