| 指数 收盘 涨跌 (%) | | --- | | 名称 | | ┣证指数 3582 0.0.01 5.94 2.24 | | 深证综指 2177 -0.54 9.53 2.66 | | 风格指数 | | 昨日表现 1 个月表现 6 个月表现 | | | --- | --- | --- | --- | | (%) | | (%) | (%) | | 大盘指数 | 0.11 | 6.89 | 8.55 | | 中盘指数 | -0.34 | 8.38 | 7.09 | | 小盘指数 | -0.37 | 9.36 | 13.88 | | 行业涨幅 | | 昨日涨 1 个月涨 6 个月涨 | | | 保険I | 2.25 | 4.72 | 14 | | 医疗服务工 | 1.62 | 18.99 | 32.43 | | 个护用品 | 1.42 | 4.64 | 19.64 | | 证券Ⅱ | 1.11 | 12.08 | 8.42 | | 国有大型银 | 1.08 | 1.4 | 12.59 | | 行业跌幅 | 昨日 跌 | | 1 个月跌 6 个月跌 | | 地面兵装Ⅱ -4.82 | | 21.32 | 63. ...

上 市 公 司 机械设备 2025 年 07 月 23 日 杰普特 (688025) ——Q2 业绩预告超预期，消费级应用打开需求空间 报告原因：有业绩公布需要点评 买入（维持） | 市场数据： | 2025 年 07 月 22 日 | | --- | --- | | 收盘价（元） | 81.72 | | 一年内最高/最低（元） | 87.75/30.00 | | 市净率 | 3.8 | | 股息率%（分红/股价） | 0.51 | | 流通 A 股市值（百万元） | 7,767 | | 上证指数/深证成指 | 3,581.86/11,099.83 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 03 月 31 日 | | --- | --- | | 每股净资产（元） | 21.78 | | 资产负债率% | 26.91 | | 总股本/流通 A 股（百万） | 95/95 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 07-22 08-22 09-22 10-22 11-22 12-22 01-22 02-22 03-22 04- ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 56.78 CNY per share [6][10]. Core Views - The company achieved a revenue of 1.454 billion CNY in 2024, representing a year-on-year increase of 18.62%, and a net profit of 133 million CNY, up 23.53% year-on-year [2][3]. - In Q1 2025, the company reported a revenue of 343 million CNY, a 34.07% increase year-on-year, and a net profit of 36 million CNY, up 37.11% year-on-year [2][3]. - The growth in revenue is attributed to increased sales of optical detection equipment related to mobile camera modules, laser processing systems for power batteries, and recognition of precision processing equipment in consumer electronics [3][4]. - The company is expected to continue its growth trajectory with projected revenues of 1.814 billion CNY, 2.159 billion CNY, and 2.559 billion CNY for 2025, 2026, and 2027 respectively [10][12]. Summary by Sections Financial Performance - The company’s overall gross margin for 2024 was 37.69%, a decrease of 3.42 percentage points year-on-year, while the net profit margin was 8.53%, an increase of 0.03 percentage points [3][12]. - The company’s operating expenses as a percentage of revenue have improved, with sales, management, and R&D expense ratios at 7.77%, 8.44%, and 11.53% respectively, showing slight decreases year-on-year [3][12]. Business Segments - The laser segment includes the development of a 500W high-power MOPA pulsed fiber laser for the power battery industry, enhancing efficiency in electrode cutting and cleaning processes [4]. - The detection segment has seen growth due to the rapid expansion of production lines for mobile camera modules, with several projects being exclusive supply contracts [4]. - The company has also made strides in the photovoltaic sector with its perovskite laser cutting equipment, which is now being utilized in large-scale production lines [4]. Future Outlook - The company is positioned as a leader in the domestic laser industry, particularly in the context of domestic substitution in the new energy lithium battery sector, which is expected to drive future growth [10][12]. - The projected earnings per share (EPS) for 2025 is estimated at 2.18 CNY, with a price-to-earnings (PE) ratio of 26 times [10][12].