据证券之星公开数据整理，近期中控技术（688777）发布2025年中报。截至本报告期末，公司营业总收 入38.3亿元，同比下降9.92%，归母净利润3.54亿元，同比下降31.46%。按单季度数据看，第二季度营 业总收入22.23亿元，同比下降11.56%，第二季度归母净利润2.34亿元，同比下降36.96%。本报告期中 控技术公司应收账款体量较大，当期应收账款占最新年报归母净利润比达332.24%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率32.08%，同比减3.47%，净利率9.29%， 同比减24.59%，销售费用、管理费用、财务费用总计5.17亿元，三费占营收比13.49%，同比增22.9%， 每股净资产12.81元，同比增3.42%，每股经营性现金流-0.71元，同比减33.16%，每股收益0.45元，同比 减30.77% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 42.52 Z | 38.3亿 | -9.92% | | 归母净利润(元) | 5.17亿 | 3.54亿 | -31. ...

Core Insights - The company, Zhongkong Technology, has achieved significant financial milestones in 2024, with operating revenue reaching 9.139 billion yuan and a net profit of 1.038 billion yuan, marking a 20.26% year-on-year growth in net profit after excluding GDR currency exchange losses [1] - Zhongkong Technology has introduced groundbreaking products, including the Universal Control System (UCS) and the Industrial AI Time Series Model (TPT), which are pivotal in establishing a comprehensive industrial intelligence architecture [2][3] - The company has achieved a domestic market share of 40.4% in Distributed Control Systems (DCS), with notable leadership in the chemical and petrochemical sectors [4] Financial Performance - In 2024, Zhongkong Technology's revenue reached 9.139 billion yuan, with a net profit of 1.038 billion yuan, and a 20.26% increase in net profit after adjustments [1] - The company's industrial software revenue grew by 20.70% to 2.653 billion yuan, while new orders in the robotics sector amounted to 167 million yuan [4] Product Innovation - The UCS and TPT models represent a significant technological advancement, with UCS being described as the largest innovation in control systems in 50 years, achieving a 90% reduction in cabinet space and an 80% decrease in cable costs [3] - TPT has demonstrated a reduction in steam coal consumption by over 3.1%, leading to efficiency improvements exceeding 50% for clients [3] Market Position - Zhongkong Technology maintains a leading position in the domestic market, with a DCS market share of 40.4%, and holds the top position in various sectors including chemicals and building materials [4] - The company has successfully secured major projects, enhancing its market presence and driving domestic automation [4] Global Expansion - The company has established a global presence in 50 countries, with overseas revenue reaching 749 million yuan, a growth of over 118% year-on-year [5] - Significant contracts have been signed internationally, including projects in Saudi Arabia and Sweden, showcasing the company's competitive edge in global markets [5] Research and Development - In 2024, Zhongkong Technology invested 978 million yuan in R&D, a 7.73% increase, with R&D personnel constituting 39.05% of the workforce [3] - The company has filed 346 new patents, reflecting its commitment to innovation and technological advancement [3] Strategic Outlook - Analysts suggest that Zhongkong Technology's strong technical capabilities and strategic vision position it well for future growth, particularly in the realms of industrial AI and new market exploration [6] - The company is expected to redefine China's manufacturing competitiveness on a global scale through its innovative solutions and extensive industry knowledge [6]