8月28日晚间，通业科技（300960.SZ）披露2025年半年度报告，上半年公司实现营业收入1.88亿元，同 比增长11.58%；归母净利润1888.32万元，同比增长32.84%。受益于国内外市场需求稳步增长，上半年 公司订单效率提升，产品结构持续优化，智能控制类产品毛利率同比提升13.47个百分点，带动公司整 体毛利率提升，实现营收与利润双增长。 目前公司正筹划以支付现金的方式，收购思凌科100%的股权，交易价格不高于6.70亿元。交易对手方 承诺思凌科2026—2028年累计净利润不低于1.6亿元。公司表示，思凌科主营业务为电网通信芯片及模 块，主要客户是国家电网等大型国央企，公司可以利用自身在轨道交通市场的优势，将高速电力载波通 信芯片技术运用在轨道交通电网系统当中，有效推动公司的战略布局，形成新的业务增长极。 下一步通业科技将借势中国产业链出海浪潮，积极拓展国际市场，努力构建双向驱动增长路径。一方 面，深度协同中车等战略合作伙伴，紧密追踪主机厂海外项目动态，推动公司优势产品协同出口，深 化"产品出海"模式；另一方面，着力强化自主国际营销能力，已成立海外营销中心并加速推进市场深 耕。同时，依托与德国 ...

下一步通业科技将借势中国产业链出海浪潮，积极拓展国际市场，努力构建双向驱动增长路径。一方 面，深度协同中车等战略合作伙伴，紧密追踪主机厂海外项目动态，推动公司优势产品协同出口，深 化"产品出海"模式；另一方面，着力强化自主国际营销能力，已成立海外营销中心并加速推进市场深 耕。同时，依托与德国领军企业的长期稳定合作，持续积累国际市场经验与本土化服务能力，为国际业 务的高质量拓展提供坚实支撑。(文穗) 8月28日晚间，通业科技（300960）(300960.SZ)披露2025年半年度报告，上半年公司实现营业收入1.88 亿元，同比增长11.58%；归母净利润1888.32万元，同比增长32.84%。受益于国内外市场需求稳步增 长，上半年公司订单效率提升，产品结构持续优化，智能控制类产品毛利率同比提升13.47个百分点， 带动公司整体毛利率提升，实现营收与利润双增长。 目前公司正筹划以支付现金的方式，收购思凌科100%的股权，交易价格不高于6.70亿元。交易对手方 承诺思凌科2026—2028年累计净利润不低于1.6亿元。公司表示，思凌科主营业务为电网通信芯片及模 块，主要客户是国家电网等大型国央企，公司可以利用自 ...

资料来源：Wind 股价强势演绎的背后，通业科技2025年还将以6.7亿元收购思凌科半导体，剑指轨道交通电网通信芯片 的战略高地，有望打开从"设备供应商"到"系统解决方案商"的第二增长空间。在行业政策红利与技术升 级的双重驱动下，公司正迎来业绩与估值的双击窗口。 基于此，通业科技近年来业绩增长呈现加速趋势。 在轨道交通装备国产化的浪潮中，通业科技以"产品+服务+技术"的铁三角构建了独特的竞争壁垒。这家 深耕轨交电气领域20余年的企业，不仅实现了从电源供电到终端执行部件的全链条覆盖，更通过智能控 制产品的爆发式增长和高毛利率业务的稳定贡献，走出了"营收18.3%增长+净利润37.1%增长"的加速曲 线。 二级市场方面，通业科技股价2024年初以来的上升趋势未中断过，近期2025年4月8日至8月18日的一波 强势行情的累计增幅已经超过了140%，期间参与资金接近120亿元，目前股价虽有所调整，但呈明显缩 量态势，下跌势能接近尾声，上升大趋势并未受到影响。 多竞争壁垒成型的轨交稀缺标的 2024业绩增长提速成立于2000年12月的通业科技，是一家集轨道交通 机车车辆电气产品研发、设计、制造、销售及售后、维保服务于一 ...

Group 1: Mergers and Acquisitions Overview - During the period from August 15 to August 21, 2025, three listed companies announced new mergers and acquisitions: Zhenyang Development, Tongye Technology, and ST Jinggu, involving three M&A events across the basic chemicals, machinery equipment, and agriculture, forestry, animal husbandry, and fishery industries [1][9]. Group 2: Zhenyang Development - Zhenyang Development primarily engages in the research, production, and sales of chlor-alkali related products, with core products including chlor-alkali products, MIBK products, and PVC products. The chlor-alkali products are widely used in agriculture, electricity, petrochemicals, pharmaceuticals, metallurgy, new energy materials, light industry, textiles, and dyeing [2][10]. - In 2024, Zhenyang Development achieved a main business revenue of 2.898 billion yuan, representing a year-on-year growth of 37.06%, primarily driven by the production and sales of PVC products [2][10]. - The company is undergoing a stock swap merger with Zhejiang Huhangyong Expressway Co., Ltd., which plans to issue A-shares to Zhenyang Development's shareholders [2][10]. Group 3: Tongye Technology - Established in 2000, Tongye Technology specializes in the rail transit industry, with three core product lines: power products, intelligent control products, and motors and fans, covering various rail transit scenarios such as locomotives, subways, and high-speed trains [3][11]. - The company has a nationwide after-sales service network, providing regular maintenance and repair services to ensure the normal operation of equipment. It serves domestic clients like China Railway Corporation and China CRRC, while also exporting products to countries including Kazakhstan, Uzbekistan, Belarus, and South Africa [3][11]. - Tongye Technology plans to acquire 100% of Beijing Silingke Semiconductor Technology Co., Ltd. through a cash payment, aiming to enhance its overall layout and expand its scale and operational performance [3][11]. Group 4: ST Jinggu - ST Jinggu is primarily engaged in the manufacturing of engineered wood products, chemical products from forest resources, and forestry operations. Its engineered wood products include plywood, fiberboard, particleboard, and veneer, widely used in furniture manufacturing and construction [4][12]. - The company operates through self-procurement, production, and sales, utilizing both direct sales and distribution channels to meet diverse customer needs. Its forestry operations focus on land resource management through cooperative afforestation, timber harvesting, and sales [4][12]. - ST Jinggu plans to transfer 51% of its stake in Tangxian Huiyin Wood Industry Co., Ltd. to its controlling shareholder, Zhou Dafu Investment Co., Ltd., in a cash transaction, aiming to divest underperforming assets and optimize its asset structure [4][12].