传统业务价格压力仍存，多领域拓宽消防边界 青鸟消防(002960) 证券研究报告 专用设备 / 公司点评 / 2025.08.26 投资评级:增持(维持) | 基本数据 | 2025-08-25 | | --- | --- | | 收盘价(元) | 10.78 | | 流通股本(亿股) | 7.42 | | 每股净资产(元) | 8.41 | | 总股本(亿股) | 8.69 | 最近 12 月市场表现 -5% 13% 31% 49% 68% 86% 青鸟消防 沪深300 上证指数 专用设备 分析师 毕春晖 SAC 证书编号：S0160522070001 bich@ctsec.com 分析师 陈琳云 SAC 证书编号：S0160524120005 chenly03@ctsec.com 核心观点 | 盈利预测 | | --- | | [币种Table_FinchinaSimple] (人民币) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | 4972 | 4923 | 49 ...

Group 1 - The core point of the article is the announcement of the procurement result for the fire alarm system by China Petroleum & Chemical Corporation (Sinopec) Shengli Oilfield Branch, with Qingniao Fire Protection Co., Ltd. winning the bid [1][2] - The procurement is specifically for the Shengli Oilfield Marine Oil Production Plant and is part of a public inquiry and comparison procurement plan [1] - The announcement was made on August 12, 2025, and the procurement is located in Shandong Province [2] Group 2 - Qingniao Fire Protection Co., Ltd. has invested in 34 enterprises and participated in 526 bidding projects [1] - The company holds 187 trademark registrations, 279 patents, and 70 copyright registrations, along with 10 administrative licenses [1]

Core Viewpoint - The company, Rigol Optics (理工光科), has experienced a significant stock price decline of 20.68% over the past week, closing at 24.47 yuan, with a current market capitalization of 2.96 billion yuan [1]. Group 1: Company Performance and Market Position - As of May 30, 2025, Rigol Optics' stock reached a high of 32.17 yuan and a low of 23.77 yuan during the week [1]. - The company ranks 162 out of 215 in the general equipment sector and 4184 out of 5146 in the overall A-share market [1]. Group 2: Strategic Developments - China Information Communication Technology Group (中国信科集团) will leverage its advantages as a state-owned enterprise to support Rigol Optics in its growth and integration within the industry [1][3]. - Rigol Optics is actively embracing artificial intelligence to enhance product iterations and optimizations across various applications, including fire alarm systems and oil and gas pipeline monitoring [2][3]. Group 3: International Expansion - The company has successfully entered the international market by winning a contract for a fiber optic monitoring project for a petroleum pipeline in Kenya, marking its first overseas breakthrough [2][3].

Group 1: Company Overview and Market Position - The company, as a leading player in the optical fiber sensing industry under China Information Communication Technology Group, aims to leverage state-owned enterprise restructuring to enhance its market value and contribute to national finances [1] - The current market capitalization of the company is only 3 billion, which does not reflect its true value as a leader in optical fiber sensing and IoT applications [4] Group 2: Technological Applications and Innovations - The optical fiber sensing technology can be applied in logistics robots for navigation, although no robot products have been developed for hazardous area inspections yet [3] - The company is actively embracing artificial intelligence to enhance product iterations and optimizations, with applications in fire alarm systems, oil and gas pipeline monitoring, and traffic tunnel safety solutions [3] Group 3: International Expansion and Future Plans - In 2024, the company won a contract for a fiber optic monitoring project for a petroleum pipeline in Kenya, marking its first breakthrough in international markets [5] - The company plans to continue expanding its international business by leveraging domestic clients and the global layout of China Information Communication Technology Group [5]