资料显示，快克智能装备股份有限公司位于江苏省武进高新技术产业开发区凤翔路11号，成立日期2006 年6月28日，上市日期2016年11月8日，公司主营业务涉及为精密电子组装&微组装及半导体封装检测领 域提供智能装备解决方案。主营业务收入构成为：精密焊接装联设备73.86%，机器视觉制程设备 14.54%，智能制造成套装备8.82%，固晶键合封装设备2.76%，其他(补充)0.02%。 9月5日，快克智能盘中上涨2.07%，截至10:47，报30.12元/股，成交3297.70万元，换手率0.44%，总市 值76.40亿元。 资金流向方面，主力资金净流入29.97万元，大单买入342.27万元，占比10.38%，卖出312.31万元，占比 9.47%。 快克智能今年以来股价涨34.63%，近5个交易日跌2.81%，近20日涨7.46%，近60日涨34.93%。 分红方面，快克智能A股上市后累计派现10.95亿元。近三年，累计派现5.60亿元。 机构持仓方面，截止2025年6月30日，快克智能十大流通股东中，华夏中证机器人ETF（562500）位居 第七大流通股东，持股223.29万股，相比上期增加40.09万股 ...

Core Viewpoint - The report highlights the financial performance and operational achievements of Quick Intelligent Equipment Co., Ltd. for the first half of 2025, showcasing growth in revenue and profit driven by advancements in precision electronic assembly and semiconductor packaging sectors. Financial Performance - The company reported a revenue of 504.31 million RMB, an increase of 11.85% compared to the same period last year [3] - Total profit reached 150.45 million RMB, reflecting an 18.48% year-on-year growth [3] - Net profit attributable to shareholders was 132.90 million RMB, up by 11.84% from the previous year [3] - The net cash flow from operating activities surged by 155.56% to 175.56 million RMB [3] Industry Overview - The company operates within the specialized equipment manufacturing industry, focusing on intelligent manufacturing equipment [4] - It provides comprehensive solutions for precision electronic assembly and semiconductor packaging, targeting sectors such as electric vehicles, AI servers, and smart wearable devices [4][5] - The global AI server market is projected to reach 366 billion USD in 2025, with a year-on-year growth of 44.6%, driving demand for high-speed connectors [5] Product and Technology Development - The company has made significant advancements in precision welding equipment, driven by the rising demand for AI consumer electronics [6] - It has successfully penetrated the supply chains of major clients like Meta, Xiaomi, and OPPO with its laser welding technology [6] - The company’s high-speed connector welding equipment has been adopted by several core suppliers of NVIDIA, indicating strong market demand [6] Market Trends - The demand for precision welding equipment is expected to increase due to the growing adoption of laser radar in electric vehicles, with projections indicating a 65% market share by 2025 [7] - The machine vision market in China is anticipated to exceed 21 billion RMB in 2025, with a growth rate of over 14% [5] - The global semiconductor packaging equipment market is expected to reach 5.4 billion USD in 2025, driven by the demand for power semiconductor packaging [8] Strategic Initiatives - The company is enhancing its global presence by establishing subsidiaries in countries like Vietnam and building a service network in regions such as Mexico and Turkey [12] - It focuses on customer-centric strategies, including understanding client needs and providing tailored solutions to enhance customer satisfaction [12] - The company has been recognized as a leading player in intelligent manufacturing, receiving various accolades for its technological advancements and market position [12]

公司报告 | 年报点评报告 半导体领域固晶键合封装设备：碳化硅与先进封装前瞻性布局取得突破。1）碳化硅领域， 24 年公司自主研发的银烧结系列设备加速技术迭代，已与英飞凌、博世等国际大厂及比亚迪 半导体、汇川技术、时代电气等本土龙头开展业务合作，其中银烧结核心模块——银烧结模 具可实现最短一个月交付，极大满足客户工艺迭代和快速量产的需求。2）半导体封装领域， 24 年高速高精固晶机 QTC1000 形成批量订单，子公司快克芯装备在半导体封装 Die Bonding 领域踏出了关键坚实的一步；此外，公司聚焦先进封装高端装备 TCB 的研发，2025 年年内 将完成样机研发并提供打样服务。 盈利预测：维持"买入"评级。考虑到消费电子行业复苏不及预期，我们对盈利预测进行调 整，预计 25-27 年归母净利润 2.53、3.20、3.99 亿元（25-26 年前值：3.97、4.94 亿元），维持 "买入"评级。 风险提示：原材料价格波动风险、消费电子行业复苏不及预期风险、在研项目不及预期的风 险 快克智能（603203） 证券研究报告 业绩符合预期，3C 设备稳步增长，半导体设备开启全新成长曲线 2024 年全年： ...