Group 1 - On September 26, Zhongke Chuangda's stock fell by 4.33%, with a trading volume of 1.486 billion yuan [1] - The financing data on the same day showed a financing purchase amount of 197 million yuan and a financing repayment of 195 million yuan, resulting in a net financing purchase of 1.5691 million yuan [1] - As of September 26, the total balance of margin trading for Zhongke Chuangda was 1.711 billion yuan, with a financing balance of 1.706 billion yuan, accounting for 5.06% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - As of June 30, the number of shareholders for Zhongke Chuangda was 86,000, a decrease of 9.07% from the previous period, while the average circulating shares per person increased by 9.97% to 4,275 shares [2] - For the first half of 2025, Zhongke Chuangda achieved operating revenue of 3.299 billion yuan, a year-on-year increase of 37.44%, and a net profit attributable to shareholders of 158 million yuan, up 51.84% year-on-year [2] Group 3 - Since its A-share listing, Zhongke Chuangda has distributed a total of 774 million yuan in dividends, with 353 million yuan distributed in the last three years [3] - As of June 30, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 14.7818 million shares, an increase of 11.056 million shares from the previous period [3] - The third-largest circulating shareholder was E Fund's ChiNext ETF, holding 8.7126 million shares, a decrease of 203,800 shares from the previous period [3]

业绩超预期，物联网业务高增 TMT 及中小盘/计算机 公司发布 25 年中报，业绩超预期，其中物联网业务线同比增长 136.14%。报 告期内公司端侧智能产品已进入量产阶段，后续将成为公司收入增长的核心引 擎。公司全球化布局成果显著，期间费用持续优化，围绕 AI 在整车操作系统、 机器人、端侧智能等领域加大投入，维持"强烈推荐"投资评级。 ❑ 风险提示：AI 业务发展低于预期；行业竞争加剧。 证券研究报告 | 公司点评报告 2025 年 08 月 27 日 中科创达（300496.SZ） 财务数据与估值 | 会计年度 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 5242 | 5385 | 6934 | 8108 | 9564 | | 同比增长 | -4% | 3% | 29% | 17% | 18% | | 营业利润(百万元) | 428 | 445 | 544 | 675 | 767 | | 同比增长 | -45% | 4% | 22% | 24% | 14% | | ...