"通过'遇见嘉善，预见未来'活动，我真切感受到了嘉善'敢为人先'的创业精神。" 近日，"遇见嘉善预见未来——百名上市公司高管走进'双示范'"座谈会在嘉善隆重举行。来自长三角乃至全国的百名上市公司、行业优强企业、头部金融 机构高管及科研院所专家齐聚于此，深入嘉善创新一线开展调研，并围绕产业协同、项目合作、创新赋能等核心议题展开深度交流，共绘高质量发展蓝 图。 "遇见嘉善预见未来——百名上市公司高管走进'双示范'"座谈会现场 嘉善县委副书记、代县长吕忠飞 嘉善县委副书记、代县长吕忠飞在致辞中向远道而来的企业家们致以诚挚欢迎。他表示，嘉善始终将优化营商环境作为重中之重，把企业发展视为核心动 能，全力为企业深耕资本市场、拓展发展空间保驾护航。尤其在上海证券报社等各方鼎力支持下，科创助力板总部服务基地、北交所长三角一体化示范区 服务基地两大金融服务平台成功落地，为企业搭建起"引、育、投、融"全链条服务体系，畅通了资本市场服务实体经济的"最后一公里"。 "期待各位企业家与嘉善在数字经济、新能源、智能制造等重点领域深化对接、找准合作契合点，扎根这片发展沃土，链接全球资源、拓展全国市场。嘉 善将始终以最便捷的政务服务、最优质 ...

Summary of the Conference Call for Riheng Technology Company Overview - Riheng Technology is a leading domestic provider of X-ray intelligent detection systems, with a complete technology layout covering X-ray sources, AI imaging software, and detection equipment. The products are applied in high-precision detection fields such as semiconductors, new energy batteries, and automotive parts, serving major clients like BYD and CATL [2][3][9]. Financial Performance - The company has maintained rapid growth in revenue and profit, with a compound annual growth rate (CAGR) of nearly 38% in revenue and 60% in profit over the past four years. In the first half of 2025, new orders increased by nearly 100%, with strong performance expected in Q3 and Q4 [2][5][6]. - Revenue growth rates were 33% in Q1 and 43% in Q2 of 2025 [5]. Competitive Advantages - Riheng Technology is the only domestic company capable of mass-producing X-ray sources, breaking the previous foreign monopoly. This core component accounts for about 30% of equipment costs, with gross margins reaching 70%-80% [2][6][9]. - The company has approximately 2 billion yuan in cash post-IPO, which supports its plans for domestic and international mergers and acquisitions to drive both organic and external growth [6][7]. Market Dynamics - The industrial X-ray source market is categorized into micro-focus, high-power, and standard X-ray sources, with applications in wafer inspection, chip packaging, and new energy battery manufacturing [2][8]. - The global and Chinese X-ray equipment market is projected to reach 238 billion and 80 billion yuan, respectively, by 2023, with a CAGR of 9.7% and 10% [11]. Industry Trends - The demand for X-ray detection equipment is rapidly increasing in the semiconductor, new energy battery, and electronic manufacturing sectors, with the market for micro-focus X-ray sources expected to grow significantly [12][19]. - The company is integrating AI technology into its detection systems, creating a closed-loop system that enhances detection accuracy and efficiency [20][21]. Future Outlook - Riheng Technology aims to expand its product offerings and enhance its core competitiveness through increased R&D investment in X-ray sources [4][6]. - The company is optimistic about achieving over 50% growth in market valuation over the next three quarters to a year, despite recent increases in market value [7][28]. Mergers and Acquisitions - In the first half of 2025, Riheng Technology made strategic acquisitions, including a 10% stake in Innovation Electronics to enter the Americas market and a 45% stake in Zhuyuan Jiuyuan Power Electronics Technology to expand into electrical performance testing [27]. Conclusion - Riheng Technology is positioned for significant growth due to its unique market position, strong financial performance, and strategic expansion plans. The company is well-equipped to capitalize on the increasing demand for X-ray detection solutions across various high-tech industries [28].

今年8月，新华社旗下的上海证券报与安徽省委金融办、省政府驻沪办在合肥签署合作备忘录，深化三方合作，常态化推动上市公司等走进安徽。时隔一 个月，上海证券报再次组织80多家上市公司、优强企业和金融投资机构来皖，参加2025世界制造业大会，并赴淮南市考察调研。 9月21日上午，安徽省与上市公司产业对接会在合肥举行。安徽省省长王清宪与上市公司代表座谈。安徽省副省长范付中参加座谈并主持对接会。 王清宪对上市公司代表一行表示欢迎。他说，安徽推动科技创新与产业创新深度融合，创新链产业链资金链人才链融合互动、高效对接的创新生态生机勃 勃，正吸引越来越多海内外投资者的目光。希望通过这次考察对接，双方建立更加紧密的交流合作机制，共同拥抱科技和产业变革中的安徽机遇，落地更 多合作成果。安徽将持续营造市场化、法治化、国际化一流营商环境，为大家投资兴业提供更好服务。 华鑫信托党委书记、董事长朱勇 华鑫信托党委书记、董事长朱勇介绍，作为央企中国华电集团下属核心金融机构，华鑫信托在安徽市场不仅是重要的资金供给方，更是上市公司战略转型 的"助推器"。朱勇表示，公司深耕安徽，累计为当地提供超150亿元资金支持，当前资金余额充足，可为区域产业发 ...

Core Viewpoint - 日联科技 is positioned as a leading player in the domestic industrial X-ray detection sector, focusing on both organic growth and acquisitions to establish itself as a global leader in the detection field [2][3]. Group 1: Company Overview - 日联科技 specializes in the entire industrial X-ray chain, being one of the few companies in China that has achieved the industrialization of self-developed X-ray sources and the manufacturing of intelligent detection equipment [2]. - The company has a comprehensive product matrix covering various types of X-ray sources, including ordinary, closed-tube, open-tube, and high-power sources [2]. - 日联科技's intelligent detection equipment is widely applied across multiple industrial sectors, including semiconductors, electronics, new energy batteries, castings, food safety, and security [2]. Group 2: Growth Drivers - The company has seen a significant increase in new orders, with a nearly 100% year-on-year growth in new orders in the first half of 2025, driven by strong demand in electronics, lithium batteries, and automotive parts inspection [3]. - Future growth is expected to be supported by expanding downstream demand, particularly in AI-related fields and new applications for foreign object detection, as well as overseas market expansion [3]. - Upgrades in high-end equipment, transitioning from offline to online devices and from 2D to 3D/CT devices, are anticipated to further broaden the company's growth boundaries [3]. Group 3: Acquisition Strategy - 日联科技 has raised over 2 billion yuan from its IPO, providing ample cash flow for acquisitions, with a strategy focused on both horizontal and vertical expansion [4]. - The company plans to acquire technologies in optical, ultrasonic, eddy current, and quantum detection, while also aiming to develop key components such as magnetrons, RF vacuum tubes, and detectors [4]. - The acquisition of Zhuhai Jiuyuan is set to officially kick off the company's acquisition strategy in June 2025, with the goal of becoming a global leader in the detection field through continuous acquisitions [4]. Group 4: Profit Forecast - The profit forecast for 日联科技 has been adjusted upwards, with projected net profits for 2025, 2026, and 2027 being 187 million yuan, 312 million yuan, and 426 million yuan respectively, corresponding to EPS of 1.13 yuan, 1.88 yuan, and 2.57 yuan [2]. - The current stock price reflects a PE ratio of 48.5, 29.0, and 21.3 times for the years 2025, 2026, and 2027 respectively, maintaining a "buy" rating [2].

企 业 介 绍 日联科技是中国工业X射线领域的龙头企业，也是国家级专精特新"小巨 人"企业、是科创板上市公司（股票代码688531）。公司主要产品是工业 X射线检测装备和X射线发射源，用于全球几大高科技工业制造领域的产 品质量检测，在业界被称为"工业医生"。 公司总部位于无锡国家高新区，在国内有三个制造基地，同时在马来西亚 建设了境外工厂，在新加坡、匈牙利、美国成立了海外公司。目前拥有 1000余名员工，设有两个研发中心、一个先进检测应用技术研究院。 大会期间，日联科技将携明星产品—— 锂电池快速3D-CT智能检测装备 AX9800 亮相展位。 22002255起起点点锂锂电电圆圆柱柱电电池池技技术术论论坛坛 暨暨圆圆柱柱电电池池2200强强排排行行榜榜发发布布会会 2025年2月28日，以" 聚集新技术 探索新工艺 "为主题的行业首届圆柱电池技术—— 2025起点锂电圆柱电池技术论坛暨圆柱电池20强排 行榜发布会 ，将在深圳宝安登喜路国际酒店正式举办，届时将邀请200+圆柱电芯及应用、300+电池材料设备配套企业共聚盛会，探索新 市场。 经活动组委会确认， 日联科技 作为联合赞助商重点支持本次论坛举办，同时 ...