Investment Rating - The investment rating for the company is "Outperform" (maintained) [1] Core Views - The company has signed a cooperation agreement with Xi'an University of Electronic Science and Technology to promote its high-end strategy, focusing on deep integration of industry, academia, and research [6] - The company is committed to high-end product development and has seen significant sales growth in its DS80000 series high-end digital oscilloscopes, with strong demand from strategic customers [6] - The electronic measurement instrument industry is expected to continue steady growth, with domestic companies accelerating their technological advancements and narrowing the gap with overseas competitors [6] Financial Data and Profit Forecast - Total revenue is projected to grow from 776 million in 2024 to 1,332 million by 2027, with a compound annual growth rate (CAGR) of approximately 18.2% [5][8] - The net profit attributable to the parent company is expected to increase from 92 million in 2024 to 262 million by 2027, reflecting a significant growth trajectory [5][8] - The company's gross margin is forecasted to improve from 59.1% in 2024 to 62.7% in 2027, indicating enhanced profitability [5]

Meeting Overview - The annual general meeting of Puyuan Precision Electric Technology Co., Ltd. is scheduled for June 25, 2025, at 1:00 PM [3][4] - The meeting will be held at the company's conference room located at 8 Keling Road, Suzhou High-tech Zone [3][4] - Shareholders must present their securities account card and identification to attend the meeting [2][3] Meeting Procedures - The meeting will include sign-in, distribution of materials, and registration for speaking [4] - The agenda includes the announcement of the number of shareholders present, reading of meeting rules, and voting on various proposals [4][5] - Voting will be conducted both on-site and through the Shanghai Stock Exchange's online voting system [3][4] Financial Performance - For 2024, the company reported a revenue of CNY 775.83 million, a 15.70% increase from CNY 670.54 million in 2023 [6][8] - The net profit attributable to shareholders decreased by 14.50% to CNY 92.30 million [8] - The company's total assets reached CNY 3.85 billion, up 17.98% from CNY 3.27 billion in 2023 [7][8] Key Financial Metrics - Basic earnings per share decreased by 18.33% to CNY 0.49 [6][7] - The company's R&D expenditure as a percentage of revenue increased to 26.64% from 21.30% [7] - The weighted average return on equity fell to 3.11% from 4.00% [7] Corporate Governance - The board of directors held 11 meetings in 2024, ensuring compliance with legal and regulatory requirements [13][14] - Independent directors actively participated in meetings and provided oversight on financial reports and significant corporate actions [14][21] - The company completed the acquisition of Beijing Nais Electronics Co., Ltd., marking a strategic shift towards comprehensive solution provision [21][22]

中国能建：中标145.86亿元重大煤电项目 5月28日晚，中国能建（601868）发布公告称，公司所属子公司组成的联合体中标中新建电力兵准园区 6×66万千瓦煤电项目（EPC），中标金额约145.86亿元。该项目包括6台66万千瓦超超临界燃煤发电机 组及配套环保设施，总工期约36.5个月。目前尚未正式签署合同。 资料显示，中国能建成立于2014年12月，主营业务是勘测设计及咨询、工程建设、工业制造、投资运 营。 所属行业：建筑装饰–基础建设–基建市政工程 友讯达：中标国家电网1.76亿元项目 5月28日晚，友讯达（300514）发布公告称，公司在国家电网有限公司2025年第三十一批采购（营销项 目第一次计量设备招标采购）中中标10个包，中标金额约为1.76亿元，占公司2024年经审计营业收入的 17.44%。 资料显示，友讯达成立于2002年9月，主营业务是各行业综合物联网问题的服务、帮助和解决。 所属行业：电力设备–电网设备–电工仪器仪表 岱勒新材：与专业机构共同设立投资基金 5月28日晚，岱勒新材（300700）发布公告称，公司与泰诺（深圳）私募股权基金管理有限公司等机构 签署协议，共同投资设立深圳泰诺协 ...

Group 1 - Company X plans to purchase servers from multiple suppliers for a total amount not exceeding 4 billion yuan, primarily for providing computing power leasing services [1] - The transaction amount accounts for over 50% of the company's latest audited net assets and total assets, requiring approval from the shareholders' meeting [1] Group 2 - Company Y's stock has hit the limit up for four consecutive trading days, with a cumulative increase of 46.44%, indicating significant market interest in its cultural and creative business [2] - The volatility of the cultural and creative business is substantial, with projected revenues of 88.68 million yuan, 54.17 million yuan, and 184.62 million yuan for the years 2022 to 2024 respectively [2] - The main business remains focused on cigarette labels despite the fluctuations in the cultural and creative sector [2] Group 3 - Company Z's controlling shareholder is planning a change in control, intending to transfer 72.4276 million shares, representing 22.396% of the total share capital, to another investment group [3] - The stock will be suspended from trading starting May 28, 2025, for a period not exceeding two trading days [3] Group 4 - Company A has submitted an application for the issuance and listing of H-shares on the Hong Kong Stock Exchange [4] - The application materials are subject to updates and revisions as per the requirements of the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange [4] Group 5 - Company B's wholly-owned subsidiary plans to acquire 100% of the Czech IMI company for approximately 9.425567 million euros, aiming to enhance its global strategy and production layout [5] - The acquisition does not constitute a related party transaction or a major asset restructuring and does not require shareholder approval [5] Group 6 - Company C reported that its production costs and sales have not experienced significant fluctuations, despite its stock price deviating by over 20% in recent trading days [6] - The company confirmed that there are no undisclosed significant matters related to its operations or its controlling shareholders [6] Group 7 - Company D's stock has been trading with high volatility, with a TTM price-to-earnings ratio of 73.68, significantly above the industry median of 31.76 [7] - The company has a trading turnover rate of 19.65% as of May 27 [7] Group 8 - Company E has confirmed that its recent operational conditions and external business environment have not undergone significant changes, despite stock price fluctuations [9] - The company has no undisclosed significant matters or ongoing major plans [9] Group 9 - Company F's actual controller sold 0.26% of the company's shares during a period of stock price volatility, with proceeds partially allocated for land purchases and factory construction [10] - The actual controller may consider further stock purchases based on market conditions [10] Group 10 - Company G announced that a recent certification for its subsidiary's products will not have a direct impact on its revenue or profits [11] - The stock has also experienced significant price fluctuations recently [11] Group 11 - Company H has decided to terminate the restructuring plan for its subsidiaries due to a lack of consensus on transaction terms and changes in market conditions [12] - The decision is expected to have no adverse effects on shareholder interests [12]

一、停牌 1、罗平锌电：控股股东筹划公司控制权变更事项，拟向曲靖发投转让22.3960%股份，明日停牌。 二、并购 1、四川路桥：筹划购买新筑股份持有的成都市新筑交通科技100%股权及债权。 2、亚普股份：拟以78亿元购买赢双科技约54.50%股份。 晚间公告 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 2、杭华股份：协丰投资完成询价转让1091.67万股。 3、邦彦技术：拟以3000万元-5000万元回购股份。 2、牧原股份：向香港联交所递交境外上市外资股（H股）发行并上市的申请并刊发申请资料。 3、南京公用：拟吸收合并全资子公司金宫实业。 4、鼎阳科技：正式发布SDS7000L系列高端紧凑型高分辨率数字示波器。 5、中科海讯：签订1.63亿元信息处理分系统采购项目合同。 6、国泰海通：拟向国泰君安期货有限公司增资15亿元。 7、博源化工：控股股东质押1.05亿股股份。 8、风神股份：拟对外投资设立全资子公司。 9、爱克股份：控股子公司收到比亚迪等客户项目定点通知书。 3、科博达：全资子公司拟收购捷克IMI公司100%股权。 三、股权转让、回购 1、宇信科技：股东拟转让 ...

金十数据5月27日讯，鼎阳科技公告，公司于2025年5月27日发布最高带宽达8GHz、12-bit的SDS7000L 系列高端紧凑型高分辨率数字示波器。该系列产品采用2U标准机架尺寸设计，精准适配机柜安装，支 持多设备密集部署，兼顾了机架部署的空间效率与专业测量的精度需求，可广泛应用于工业自动化、通 信、新能源等领域。本次发布的产品属于高端系列产品，进一步丰富了公司的产品矩阵和产品形态，拓 宽了公司产品的应用场景和使用范围，将有助于巩固和提升公司的综合竞争力。 鼎阳科技：发布最高带宽达8GHz新产品 ...

以下文章来源于RimeData 来觅数据 ，作者来觅研究院 RimeData 来觅数据 . 全面的一级市场数据平台 导读： 2025年1月，美国对高参数流式细胞仪、液相色谱质谱仪展开出口限制。2025年5月12日，第十八届中国科学仪器发展年会 （ACCSI2025）在上海召开，会议明确"设备更新"政策加速落地，海关、市场监管机构下属单位预计2025年下半年启动设备采购，高校贴 息贷款项目已进入招标高峰期。自2022年以来，国家发布多项政策支持科学仪器，旨在夯实我国科技研发底座。在这种背景下，国内科学 仪器的自主替代成为行业发展的主旋律，企业也迎来了飞速增长的黄金期。目前驱动科学仪器成长的因素有哪些？国内科学仪器国产替代 率如何？赛道内投融现状有何改变？本文尝试分析和探讨。 01 科学仪器 ，亟需替代的关键赛道 科学仪器是用于科学研究、实验分析、数据测量和现象观测的专业设备或装置，其核心功能是帮助人们更精准、高效地获取自然现象的信息，突破人类感 官限制，为科学探索和技术创新提供关键支持。科学仪器具备复杂而精密的技术体系，其制造水平是衡量一个国家高端制造能力的重要指标之一。其下游 应用场景广阔，主要有食品、制药、 ...

证券研究报告 | 2025年05月12日 普源精电（688337.SH） 优于大市 一季报点评：收入同比增长 11%，解决方案成为重要新增长点 2024 年营业收入同比增长 15.70%，归母净利润同比减少 14.50%。公司 2024 年实现营业收入 7.76 亿元，同比增长 15.70%；归母净利润 0.92 亿元，同比 减少 14.50%；扣非归母净利润 0.58 亿元，同比减少 2.75%。单季度来看， 2024年第四季度实现营业收入2.41亿元，同比增长21.82%；归母净利润0.32 亿元，同比减少 19.36%；扣非归母净利润 0.36 亿元，同比增长 22.18%。2025 年第一季度实现营业收入 1.68 亿元，同比增长 11.14%；归母净利润 0.04 亿 元，同比减少 40.03%；扣非归母净利润-0.09 亿元，同比减少 34.96%。2024 年公司业绩下滑主要受所新建研发中心、加大技术研发投入和进项税转出影 响，2025 年一季度收入增长受解决方案快速增长拉动，利润下滑主要受研发 人员薪酬、研发设备折旧费用增加影响。 盈利端毛利率呈改善趋势，费用端公司重视研发保持高投入。2024 ...

证券研究报告 | 2025年05月09日 鼎阳科技（688112.SH） 优于大市 一季报点评：收入同比增长 27%，产品高端化成果显著 投资建议：电子测量仪器行业空间大、增长稳优质赛道，长期趋势是国产品 牌在产业升级及自主可控下快速崛起。公司是国内通用电子测量仪器龙头， 产品性能领先，国内受益关税反制国产替代加速，公司高端化战略不断推进 成效显著。考虑到贸易摩擦影响和公司持续保持销售和研发高投入，我们小 幅下调 2025-2026 年盈利预测并新增 2027 年盈利预测，预计 2025-2027 年 归母净利润为 1.67/2.17/2.79 亿元（2025-2026 年前值 2.17/2.83 亿元）， 对应 PE 为 35/27/21 倍，维持"优于大市"评级。 风险提示：新产品拓展不及预期；国产替代不及预期；中美贸易摩擦风险。 | 盈利预测和财务指标 | | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | | 483 | 497 | 621 | 776 | 9 ...

智通财经APP获悉，广发证券发布研报称，随着中美技术博弈加剧及新质生产力升级需求释放，通用电 子测试测量仪器行业本土企业通过自研芯片和高端产品迭代，逐步打破海外寡头垄断格局。2024年全球 与中国市场规模预计分别超400亿、160亿元，目前国产化率仅7%，替代空间广阔。行业周期底部复苏 信号显现，叠加新能源、半导体等高端制造需求驱动，国产厂商业绩拐点已至。目前高端化+国产替代 成效正逐步传导至报表层面。24Q3以来企业季度收入出现拐点，24年底合同负债创新高，预计未来业 绩增长将加速。 广发证券主要观点如下： 通用电子测量仪器：高门槛+广空间，国产化率低 天时地利人和多因素汇聚，高端化多年投入始见成效 (1)天时：中美对抗加剧+新质生产力产业升级助推，高端产品的国产替代需求正井喷。此前海外主要是 美国品牌，示波器等产品国产化率低，具备较大的替代潜力。从进口地看，24年50%进口金额来自东南 亚的美国公司，12%来自美国本土。中资企业缺少的不是高端产品本身而是验证的机会，目前高端产品 更多在科研院所使用，若未来向工业领域扩散，替代速度会更快。 (2)地利：供应链与技术研发储备已经完善，国产高端产品迭代加快。自研 ...