北交所信息更新 光伏加速去产能、半导体设备需求高增，2025H1 营收 10.99 亿元 ——北交所信息更新 2025 年 09 月 05 日 投资评级：增持（维持） | 日期 | 2025/9/4 | | --- | --- | | 当前股价(元) | 29.81 | | 一年最高最低(元) | 56.60/17.89 | | 总市值(亿元) | 69.99 | | 流通市值(亿元) | 66.59 | | 总股本(亿股) | 2.35 | | 流通股本(亿股) | 2.23 | | 近 3 个月换手率(%) | 132.75 | 北交所研究团队 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 2025H1 实现营收 10.99 亿元、归母净利润 1.05 亿元，维持"增持"评级 连城数控公布半年报，2025H1 实现营收 10.99 亿元，同比减少 56.57%；实现归 母净利润 1.05 亿元，同比减少 67.3%。考虑到光伏行业现阶段仍然整体承压，我 们下调 2025-2026、并新增 2027 盈利预测，预计连城数控在 2025-2027 年实现归 母 ...

Group 1 - The Shanghai and Shenzhen Stock Exchanges received one new IPO application last week, marking the second IPO application accepted in the second half of this year [1] - Suzhou Lianxun Instrument Co., Ltd. is the newly accepted company, applying for listing on the Sci-Tech Innovation Board with a proposed financing of 1.954 billion yuan [1] - The company specializes in the research, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment, with projected revenues of 214 million yuan, 276 million yuan, 789 million yuan, and 201 million yuan for the years 2022 to 2025 Q1 [1] Group 2 - The company has indicated risks of declining operating performance due to industry cycles, market fluctuations, and increased costs, which could lead to a potential drop in operating profit exceeding 50% or even losses in extreme cases [2] - Accounts receivable balances at the end of each reporting period were 896.297 million yuan, 1.36 billion yuan, 2.55 billion yuan, and 3.05 billion yuan, representing 41.81%, 49.16%, 32.28%, and 37.95% of the respective revenues [2] Group 3 - Three companies passed the IPO review during the week, including Xi'an Yiswei Material Technology Co., Ltd., which is the first unprofitable company accepted for listing after the release of new policies [3] - Two companies received IPO approval, including Marco Polo Holdings Co., Ltd., which took over two years from application acceptance to receiving the registration approval [3] - One company, Wuxi Sunshine Precision Machinery Co., Ltd., terminated its IPO review, citing high customer concentration and reliance on a single major customer as risks [4]