Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2][3]. Core Views - The company's net profit for the first half of 2024 increased by 47.9%, driven by the growth in smart home product sales, which improved the gross margin structure [2][4]. - Revenue for the first half of 2024 reached 115 million yuan, a slight increase of 0.65%, while the net profit attributable to the parent company was 23.75 million yuan [3][4]. - The gross margin and net margin for the company were 51.90% and 20.67%, respectively, with the gross margin increasing by 5.75 percentage points year-on-year [3][4]. Financial Performance Summary - In H1 2024, the smart home segment generated revenue of 78.30 million yuan, marking a growth of 34% due to the successful mass sales of previously developed customized projects [4]. - The company has maintained a significant investment in R&D, with a research expense ratio of 12.81%, amounting to 14.72 million yuan in H1 2024, which is a 2.74% increase year-on-year [4]. - The company has developed 31 KNX security products, achieving international leadership in this area, and its laboratory has become a dual certification center for KNX and CNAS [4]. Earnings Forecast - The forecasted net profits for the company from 2024 to 2026 are 39 million yuan, 53 million yuan, and 67 million yuan, respectively, with corresponding EPS of 0.55 yuan, 0.74 yuan, and 0.94 yuan [3][4]. - The current stock price corresponds to P/E ratios of 15.8, 11.6, and 9.2 for the years 2024, 2025, and 2026, respectively [3][4].

证券代码：870976 证券简称：视声智能 公告编号：2024-075 广州视声智能股份有限公司 2024 年半年度募集资金存放与实际使用情况的专项报告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 1. 2022 年第一次股票定向发行募集资金基本情况 2022 年 5 月，广州视声智能股份有限公司（以下简称"公司"或"视声智 能"）完成 2022 年第一次股票发行，募集资金总额为 2,251.20 万元，具体情况 如下： 2022 年 1 月 14 日，公司第二届董事会第九次会议、第二届监事会第七次 会议审议通过了《<广州视声智能股份有限公司 2022 年第一次股票定向发行说 明书>的议案》等与股票发行相关的议案，2022 年 2 月 8 日公司召开 2022 年 第一次临时股东大会决议公告审议通过了上述议案。公司发行股份数量不超过 420 万股，每股价格为人民币 5.36 元，预计募集金额为人民币 22,512,000.00 元，募集资金 ...

证券代码：870976 证券简称：视声智能 公告编号：2024-072 广州视声智能股份有限公司 第三届监事会第八次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 会议的召集、召开及议案表决符合《公司法》《公司章程》的有关规定。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 本议案无需提交股东大会审议。 （二）审议通过《关于<2024 年半年度募集资金存放与实际使用情况的专项报告> 的议案》 1.议案内容： 监事会就募集资金使用管理情况，审议《2024 年半年度募集资金存放与实 际使用情况的专项报告》。 二、议案审议情况 审议公司《2024 年半年度报告》及《2024 年半年度报告摘要》。 议案内容详见公司同日在北京证券交易所信息披露平台（www.bse.cn）披 1 （一）会议召开情况 1.会议召开时间：2024 年 8 月 26 日 2.会议召开地点：公司会议室 3.会议召开方式：现场召开 4.发出监事会会议通知的时间和方式：2024 ...

Part I Important Notice, Table of Contents, and Definitions [Important Notice](index=4&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) Directors, supervisors, and senior management guarantee the report's truthfulness and completeness, noting it is unaudited and forward-looking statements carry inherent risks - Directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the report content, bearing individual and joint and several liability[4](index=4&type=chunk) - This semi-annual report has not been audited by an accounting firm[4](index=4&type=chunk) - Forward-looking statements regarding future plans in this report do not constitute substantial commitments to investors, who should maintain risk awareness[4](index=4&type=chunk) Semi-Annual Report Review Status | Item | Yes or No | | :--- | :--- | | Directors, supervisors, and senior management have objections or cannot guarantee the truthfulness, accuracy, and completeness of the semi-annual report content | √No | | Directors who did not attend the board meeting to review the semi-annual report | √No | | Matters not disclosed as required | √No | | Audited | √No | [Significant Risk Warning](index=4&type=section&id=%E9%87%8D%E5%A4%A7%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company faces no delisting risk, but significant risk factors are detailed in 'Part III Accounting Data and Operating Performance' for investor attention - The company faces no delisting risk[6](index=6&type=chunk) - Significant risk factors are analyzed in 'Part III Accounting Data and Operating Performance', Section 'XIV. Risks Faced by the Company and Countermeasures', for investor attention[6](index=6&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including company names, subsidiaries, shareholder partnerships, governance bodies, exchanges, currency units, and technical standards like KNX and Zigbee Key Definitions | Definition Item | Definition | | :--- | :--- | | The Company, Video-Star Smart | Guangzhou Video-Star Smart Co., Ltd. | | Reporting Period | January 1, 2024 to June 30, 2024 | | KNX | Abbreviation for Konnex, the sole global standard for home and building control | | Zigbee | Short-range, low-complexity, low-power wireless communication technology based on the IEEE802.15.4 protocol | Part II Company Profile [Basic Information](index=6&type=section&id=%E5%9F%BA%E6%9C%AC%E4%BF%A1%E6%81%AF) The company, Video-Star Smart (stock code 870976), led by Zhu Xiangjun, specializes in R&D, production, sales, and services for smart home, video intercom, and LCD display products Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Video-Star Smart | | Stock Code | 870976 | | Company Full Chinese Name | 广州视声智能股份有限公司 | | Legal Representative | 朱湘军 | | Company Stock Exchange | Beijing Stock Exchange | | Listing Date | September 1, 2023 | | Industry Classification | Manufacturing - Computer, Communication and Other Electronic Equipment Manufacturing | | Main Products and Services | Smart home products, video intercom products, LCD displays and modules, providing intelligent solutions | | Total Common Share Capital (shares) | 70,953,400 | | Controlling Shareholder | 朱湘军 | [Contact Information](index=6&type=section&id=%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) The company's Board Secretary is Dong Hao, located at 3rd Floor, Building 5, Science Park, No. 9 Lanyu 4th Street, Huangpu District, Guangzhou, with contact number 020-82088388 Company Contact Information | Position | Name | | :--- | :--- | | Board Secretary | 董浩 | | Contact Address | 广州市黄埔区蓝玉四街 9 号科技园 5 号厂房 3 楼 | | Phone | 020-82088388 | | Board Secretary Email | Dongh@video-star.com.cn | | Company Website | www.gvssmart.cn | [Information Disclosure and Document Storage Location](index=6&type=section&id=%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9) The company's semi-annual report is disclosed on the Beijing Stock Exchange website (www.bse.cn) and Securities Times (www.stcn.com), with physical copies available at the Board Secretary's office Information Disclosure Channels | Disclosure Content | 2024 Semi-Annual Report | | :--- | :--- | | Stock Exchange Website | www.bse.cn | | Media Name and Website | 证券时报 (www.stcn.com) | | Report Storage Location | Company Board Secretary's Office | [Actual Controller and Intermediary Agencies](index=7&type=section&id=%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%8A%E4%B8%AD%E4%BB%8B%E6%9C%BA%E6%9E%84) Zhu Xiangjun is the actual controller, with Zhu Xiangji as a party acting in concert; Kaiyuan Securities, represented by Chen Liang and Yan Xingbo, provides continuous supervision until December 31, 2026 - The actual controller is **Zhu Xiangjun**, with **Zhu Xiangji** as a party acting in concert[13](index=13&type=chunk) Intermediary Agency Information | Institution Name | Kaiyuan Securities Co., Ltd. | | :--- | :--- | | Office Address | 陕西省西安市高新区锦业路 1 号都市之门 B 座 5 层 | | Sponsor Representative Names | 陈亮、阎星伯 | | Period of Continuous Supervision | September 1, 2023 - December 31, 2026 | [Post-Reporting Period Updates](index=7&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%90%8E%E6%9B%B4%E6%96%B0%E6%83%85%E5%86%B5) The company completed its 2023 annual equity distribution on June 6, 2024, increasing total share capital from **50.681 million** to **70.9534 million shares**, with related industrial and commercial changes finalized on August 2, 2024 - The company's **2023 annual equity distribution** was completed on **June 6, 2024**[14](index=14&type=chunk) - After the equity distribution, total share capital increased from **50.681 million shares** to **70.9534 million shares**, and registered capital changed from **50.681 million yuan** to **70.9534 million yuan**[14](index=14&type=chunk) - The company completed industrial and commercial change registration on **August 2, 2024**[14](index=14&type=chunk) Part III Accounting Data and Operating Performance [I. Key Accounting Data and Financial Indicators](index=8&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) During the reporting period, the company's profitability significantly improved, with net profit attributable to the parent increasing by **47.90%** and gross margin rising to **51.90%**, while solvency remained stable with a decreased asset-liability ratio and operating cash flow net increase of **139.08%** Profitability Indicators (Unit: yuan, %) | Indicator | Current Period | Prior Year Period | Change % | | :--- | :--- | :--- | :--- | | Operating Revenue | 114,936,204.22 | 114,194,387.01 | 0.65% | | Gross Margin % | 51.90% | 46.15% | - | | Net Profit Attributable to Listed Company Shareholders | 23,754,693.30 | 16,061,734.10 | 47.90% | | Net Profit Attributable to Listed Company Shareholders After Non-Recurring Gains and Losses | 18,376,000.13 | 13,630,922.02 | 34.81% | | Basic EPS | 0.33 | 0.30 | 10.00% | Solvency Indicators (Unit: yuan, %) | Indicator | Current Period End | Prior Year End | Change % | | :--- | :--- | :--- | :--- | | Total Assets | 317,215,247.69 | 326,187,774.87 | -2.75% | | Total Liabilities | 56,266,955.42 | 58,599,815.40 | -3.98% | | Net Assets Attributable to Listed Company Shareholders | 260,948,292.27 | 267,587,959.47 | -2.48% | | Asset-Liability Ratio % (Consolidated) | 17.74% | 17.97% | - | | Current Ratio | 5.59 | 5.60 | - | Operating and Growth Performance (Unit: yuan, %) | Indicator | Current Period | Prior Year Period | Change % | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 18,685,602.07 | 7,815,618.51 | 139.08% | | Accounts Receivable Turnover | 3.13 | 2.47 | - | | Inventory Turnover | 1.62 | 1.64 | - | | Total Asset Growth Rate % | -2.75% | 2.82% | - | | Operating Revenue Growth Rate % | 0.65% | 16.01% | - | | Net Profit Growth Rate % | 47.90% | 56.30% | - | [II. Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=%E4%BA%8C%E3%80%81%E9%9D%9E%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled **5.38 million yuan**, primarily from government subsidies, accounting for **25.20%** of net profit, indicating significant reliance on such subsidies Non-Recurring Gains and Losses Items and Amounts (Unit: yuan) | Item | Amount | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -15,666.21 | | Government Grants Recognized in Profit or Loss | 5,985,530.00 | | Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Testing | 356,233.91 | | Other Non-operating Income and Expenses Apart from the Above | 498.78 | | Total Non-Recurring Gains and Losses | 6,326,596.48 | | Less: Income Tax Impact | 949,033.31 | | Net Non-Recurring Gains and Losses | 5,377,563.18 | - Government subsidies within non-recurring gains and losses amounted to **5.9855 million yuan**, accounting for **25.20%** of net profit, indicating significant reliance on government subsidies[46](index=46&type=chunk) [VI. Business Overview](index=9&type=section&id=%E5%85%AD%E3%80%81%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) The company's business model remains unchanged, focusing on R&D, production, sales, and services for smart home, video intercom, and LCD display products, leveraging core KNX technology and direct sales to domestic and international clients - During the reporting period, the company's business model remained unchanged, focusing on R&D, manufacturing, sales, and technical services for smart home, video intercom, and LCD display products[22](index=22&type=chunk) - The company was an early adopter of European **KNX technology** in China, co-drafting its national recommended standard, mastering core technology, and developing the **K-BUS smart bus control system** compatible with KNX protocol[22](index=22&type=chunk) - The company broke protocol barriers, integrating **KNX wired systems** with **Zigbee 3.0 wireless systems**, and pioneered the application of the latest **KNX security technology**, independently developing **31 KNX security products**[22](index=22&type=chunk) - The company's sales model is primarily **direct sales**, serving domestic and international electrical equipment companies like **ABB, Legrand, and Oumengte**, as well as power engineering integrators, with products sold globally[23](index=23&type=chunk) Company Certifications | Certification Type | Status | | :--- | :--- | | "Specialized, Refined, Unique, and New" Certification | √Provincial (Municipal) Level | | "High-tech Enterprise" Certification | √Yes | | Other Related Certifications | National Intellectual Property Advantage Enterprise – National Intellectual Property Administration | [VII. Business Review](index=10&type=section&id=%E4%B8%83%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E5%9B%9E%E9%A1%B5) In the first half, the company pursued a 'spatial intelligence' strategy, launching new KNX security and smart control screen products, expanding domestic and international markets, achieving KNX lab accreditation, and completing its 2023 equity distribution [Business Plan](index=10&type=section&id=%E7%BB%8F%E8%90%A5%E8%AE%A1%E5%88%92) The company's H1 strategy focused on 'spatial intelligence' and KNX tech breakthroughs, resulting in **0.65%** revenue growth, **47.90%** net profit increase, and **139.08%** operating cash flow growth - The company adheres to its vision of 'making life smarter, making smart simpler' and its 'spatial intelligence' strategy, continuously innovating in **KNX technology** to launch multiple **KNX network security products** and flagship **smart central control screens**[24](index=24&type=chunk) Key Operating Data for H1 2024 | Indicator | Amount (yuan) | Year-on-Year Growth | | :--- | :--- | :--- | | Operating Revenue | 114,936,204.22 | 0.65% | | Net Profit Attributable to Parent Company | 23,754,693.30 | 47.90% | | Net Cash Flow from Operating Activities | 18,685,602.07 | 139.08% | - R&D expenditure was significant, totaling **14.72 million yuan** from January to June 2024, accounting for **12.81%** of operating revenue, a **2.74%** year-on-year increase[24](index=24&type=chunk) - In marketing, the company actively pursued a dual domestic and international sales strategy, participating in events like the **Light + Building Frankfurt** and **Guangzhou International Lighting Exhibition**, deepening its overseas market presence and enhancing brand awareness[24](index=24&type=chunk) - In manufacturing, the company's **KNX testing laboratory** received accreditation from the **KNX International Association** in May 2024 and began official operations in June, offering interoperability testing services for global KNX products[24](index=24&type=chunk) - In the first half, the company completed its **2023 annual equity distribution**, transferring **4 bonus shares** for every 10 shares and distributing a cash dividend of **6 yuan** per 10 shares to all shareholders[25](index=25&type=chunk) [Industry Overview](index=11&type=section&id=%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) The smart home and intelligent building market shows strong growth, with global expansion expected; video intercom products, though tied to real estate, show market stabilization, and national policies support smart homes as a new consumption driver - The smart home and intelligent building market maintained strong growth, with the **2023 global smart home market size estimated at 139.3 billion USD**, and a projected growth rate of up to **60.01%** over the next four years[27](index=27&type=chunk) - Video intercom products are highly correlated with the real estate market; in H1 2024, national real estate development investment decreased by **10.4%**, but the real estate prosperity index showed clear signs of stabilization[27](index=27&type=chunk) - National and local governments introduced policies positioning **'smart homes'** as a growth driver for consumption upgrading, indicating bright market prospects[28](index=28&type=chunk) [Financial Analysis](index=11&type=section&id=%E8%B4%A2%E5%8A%A1%E5%88%86%E6%9E%90) The company's balance sheet saw changes with decreased cash, increased financial assets and inventory; profit composition showed reduced financial expenses due to exchange gains and interest income, and significant growth in other income from government subsidies; smart home revenue grew, while LCD display revenue declined due to real estate; operating cash flow increased, but investment and financing cash flows saw significant outflows from wealth management and dividend payments [Asset and Liability Structure Analysis](index=11&type=section&id=%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E7%BB%93%E6%9E%84%E5%88%86%E6%9E%90) At period-end, cash decreased by **24.21%** to **172 million yuan** due to cash management and dividends; financial assets increased by **42 million yuan** from structured deposits and securities; inventory rose **22.25%** to **37.63 million yuan** for H2 sales preparation Asset and Liability Item Changes (Unit: yuan, %) | Item | Period-End Amount (yuan) | Share of Total Assets (%) | Prior Year End Amount (yuan) | Share of Total Assets (%) | Change % | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 172,406,291.27 | 54.35% | 227,485,760.77 | 69.74% | -24.21% | | Notes Receivable | 4,350,425.96 | 1.37% | 7,475,109.84 | 2.29% | -41.80% | | Trading Financial Assets | 42,000,000.00 | 13.24% | - | - | - | | Inventory | 37,626,566.68 | 11.86% | 30,779,069.26 | 9.44% | 22.25% | | Other Receivables | 4,768,207.39 | 1.50% | 2,282,750.11 | 0.70% | 108.88% | | Other Current Assets | 1,045,459.45 | 0.33% | 169,731.10 | 0.05% | 515.95% | | Accounts Payable | 18,137,907.71 | 5.72% | 14,809,197.03 | 4.54% | 22.48% | | Other Payables | 985,477.48 | 0.31% | 2,092,847.30 | 0.64% | -52.91% | | Other Current Liabilities | 7,024,826.75 | 2.21% | 10,459,074.96 | 3.21% | -32.84% | - Cash decreased by **24.21%**, primarily due to increased operating cash inflow, **42 million yuan** in cash management expenditures for structured deposits and securities products, and **30.4086 million yuan** in dividend payments[31](index=31&type=chunk) - Trading financial assets increased by **42 million yuan**, mainly due to a **39 million yuan** increase in structured deposit balances and a **3 million yuan** increase in securities account yield-enhancing product balances[31](index=31&type=chunk) - Inventory increased by **22.25%**, primarily due to increased raw material stocking for H2 sales and some goods issued not yet meeting revenue recognition criteria[31](index=31&type=chunk) [Operating Performance Analysis](index=13&type=section&id=%E8%90%A5%E4%B8%9A%E6%83%85%E5%86%B5%E5%88%86%E6%9E%90) Revenue grew **0.65%**, gross margin rose to **51.90%**; financial expenses decreased by **182.73%** due to exchange gains and interest income; other income surged **122.39%** from government subsidies and tax benefits; smart home revenue increased **34.00%**, while LCD display revenue fell **42.40%** Profit Composition Analysis (Unit: yuan, %) | Item | Current Period Amount (yuan) | Share of Operating Revenue (%) | Prior Year Period Amount (yuan) | Share of Operating Revenue (%) | Change % | | :--- | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 114,936,204.22 | - | 114,194,387.01 | - | 0.65% | | Operating Cost | 55,285,571.88 | 48.10% | 61,489,743.63 | 53.85% | -10.09% | | Gross Margin | 51.90% | - | 46.15% | - | - | | Financial Expenses | -2,091,314.01 | -1.82% | -739,692.97 | -0.65% | 182.73% | | Other Income | 8,310,438.73 | 7.23% | 3,736,846.02 | 3.27% | 122.39% | | Credit Impairment Loss | 494,623.91 | 0.43% | -50,371.92 | -0.04% | -1081.94% | | Asset Impairment Loss | -714,899.23 | -0.62% | -184,149.08 | -0.16% | 288.22% | | Operating Profit | 26,296,699.46 | 22.88% | 17,581,246.04 | 15.40% | 49.57% | - Financial expenses decreased by **182.73%**, primarily due to increased exchange gains from USD appreciation and higher interest income from increased IPO proceeds balances[33](index=33&type=chunk) - Other income increased by **122.39%**, primarily due to higher government listing subsidies, immediate VAT refunds for software, and additional input VAT deductions for advanced manufacturing enterprises[33](index=33&type=chunk) Revenue Composition by Product Category (Unit: yuan, %) | Category/Item | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin (%) | Operating Revenue YoY Change (%) | Operating Cost YoY Change (%) | Gross Margin YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Smart Home | 78,302,191.30 | 29,392,031.62 | 62.46% | 34.00% | 35.09% | Decrease of 0.30 percentage points | | Video Intercom | 19,402,662.93 | 11,468,529.40 | 40.89% | -22.07% | -17.09% | Decrease of 3.55 percentage points | | LCD Display and Modules | 16,437,411.81 | 13,715,870.16 | 16.56% | -42.40% | -43.54% | Increase of 1.68 percentage points | - Smart home revenue grew by **34.00%**, mainly due to bulk sales from earlier R&D customization projects and increased overseas market expansion efforts[37](index=37&type=chunk) - LCD display and module revenue decreased by **42.40%**, primarily due to strong correlation with security industry clients and the real estate sector, which is significantly impacted by macroeconomic policies[37](index=37&type=chunk) [Cash Flow Status](index=14&type=section&id=%E7%8E%B0%E9%87%91%E6%B5%81%E7%8A%B6%E5%86%B5) Operating cash flow increased by **139.08%** due to higher sales, tax refunds, and government subsidies; investment cash flow saw a **2576.71%** outflow for wealth management products; financing cash flow outflow increased by **667.15%** due to higher dividend payments Cash Flow Status (Unit: yuan, %) | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | Change % | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 18,685,602.07 | 7,815,618.51 | 139.08% | | Net Cash Flow from Investing Activities | -42,535,665.83 | -1,589,105.06 | 2576.71% | | Net Cash Flow from Financing Activities | -31,363,078.70 | -4,088,269.60 | 667.15% | - Net cash flow from operating activities increased by **139.08%**, mainly due to higher cash received from sales of goods and services, tax refunds, and government subsidies[37](index=37&type=chunk) - Net cash flow from investing activities increased by **2576.71%**, primarily due to **39 million yuan** in increased expenditures for structured wealth management products and **3 million yuan** for broker-managed yield-enhancing products during the reporting period[39](index=39&type=chunk) - Net cash flow from financing activities increased by **667.15%**, primarily due to a **30.4086 million yuan** increase in dividend payments during the reporting period[39](index=39&type=chunk) [Investment in Wealth Management Products](index=15&type=section&id=%E7%90%86%E8%B4%A2%E4%BA%A7%E5%93%81%E6%8A%95%E8%B5%84%E6%83%85%E5%86%B5) The company invested **141.88 million yuan** in wealth management products, with **97.38 million yuan** outstanding at period-end, using idle funds without overdue or impairment issues Investment in Wealth Management Products (Unit: yuan) | Wealth Management Product Type | Source of Funds | Amount Incurred (yuan) | Outstanding Balance (yuan) | Overdue Unrecovered Amount (yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Idle Own Funds | 29,000,000 | 29,000,000 | 0 | | Bank Wealth Management Products | Idle Own Funds | 4,900,000 | 4,900,000 | 0 | | Bank Wealth Management Products | Idle Own Funds | 5,100,000 | 5,100,000 | 0 | | Brokerage Wealth Management Products | Idle Own Funds | 3,000,000 | 3,000,000 | 0 | | Bank Deposit Products | Idle Raised Funds | 44,500,000 | 0 | 0 | | Bank Deposit Products | Idle Raised Funds | 10,880,000 | 10,880,000 | 0 | | Bank Deposit Products | Idle Raised Funds | 44,500,000 | 44,500,000 | 0 | | Total | - | 141,880,000 | 97,380,000 | 0 | - The company did not engage in significant single-item entrusted wealth management, nor low-safety, low-liquidity, high-risk entrusted wealth management[39](index=39&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=15&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Key subsidiaries include Guangzhou Video-Star Smart, Guangzhou Video-Star Health, VINE CONNECTED CORP., and Ganzhou Video-Star Smart, with Guangzhou Video-Star Health and VINE CONNECTED CORP. reporting negative net profits Operating Performance of Major Holding Subsidiaries (Unit: yuan) | Company Name | Main Business | Registered Capital (yuan) | Total Assets (yuan) | Net Assets (yuan) | Operating Revenue (yuan) | Net Profit (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Guangzhou Video-Star Smart Technology Co., Ltd. | R&D, production, and sales of smart home, video intercom, and LCD display modules | 5,000,000 | 100,161,490.25 | 96,547,400.82 | 18,550,910.00 | 320.00 | | Guangzhou Video-Star Health Technology Co., Ltd. | R&D and sales of medical intercom products | 8,000,000 | 6,339,528.66 | -817,896.77 | 491,322.61 | -1,373,805.12 | | VINE CONNECTED CORP. | Sales of smart thermostat products | 2,414,758.85 | 1,042,939.89 | 343,515.70 | 280,705.30 | -204,367.74 | | Ganzhou Video-Star Smart Technology Co., Ltd. | Not yet commenced actual operations | 1,000,000 | 961,075.35 | 961,075.35 | - | -38,924.65 | - The associate company, Alpha Network Smart Technology (Beijing) Co., Ltd., is related to the company's medical intercom business, held for strategic investment to enhance business expansion capabilities[42](index=42&type=chunk) [XI. Corporate Social Responsibility](index=17&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E4%BC%81%E4%B8%9A%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB) The company actively fulfills social responsibilities, prioritizing environmental protection, safety, and people-centric development, leveraging KNX energy-saving tech for its 'dual carbon strategy' and ensuring investor and employee welfare through robust systems - The company actively fulfills its responsibilities to stakeholders including shareholders, employees, customers, suppliers, and government, adhering to environmentally friendly, safe production, and people-oriented development[44](index=44&type=chunk) - The company, based on the **'Dual Carbon Strategy'**, launched headquarters building solutions, utilizing **KNX energy-saving control technology** to help enterprises achieve dual carbon targets[44](index=44&type=chunk) - The company prioritizes investor interest protection, strictly adheres to information disclosure obligations, and has established multi-level, multi-channel investor communication mechanisms[44](index=44&type=chunk) - The company values and cares for employee rights and well-being, establishing comprehensive compensation, promotion, and training systems[44](index=44&type=chunk) [XIV. Risks Faced by the Company and Countermeasures](index=17&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces risks from overseas operations, raw material price volatility, reliance on government subsidies, exchange rate fluctuations, high inventory, and improper control by the controlling shareholder, with countermeasures including market diversification, localization of raw materials, hedging, and governance improvements - Overseas business risk: The company's overseas sales cover multiple countries and regions; political instability or trade policy changes could adversely affect overseas operations. Countermeasures include actively monitoring global policy changes, strengthening communication with overseas clients, expanding product categories and sales regions, and enhancing cash and inventory risk management[43](index=43&type=chunk)[46](index=46&type=chunk) - Raw material price fluctuation risk: Unstable global supply and demand in related industries may adversely affect cost control and product delivery. Countermeasures include preparing multiple backup plans, sourcing localized raw materials, establishing strategic partnerships with original suppliers, and adjusting safety stock levels[46](index=46&type=chunk) - Risk of reliance on government subsidies: Government subsidies in non-recurring gains and losses accounted for **25.20%** of net profit from January to June 2024, indicating significant reliance. Countermeasures include actively expanding core business, improving management, and ensuring core business profitability[46](index=46&type=chunk) - Exchange rate fluctuation risk: Some products are sold overseas and settled in foreign currencies, leading to exchange gains/losses from currency fluctuations. Countermeasures include actively monitoring exchange rate movements, seeking professional analysis, and utilizing forward foreign exchange contracts[46](index=46&type=chunk) - Risk of large inventory balance and impairment: As of June 30, 2024, inventory book value was **37.6266 million yuan**, a **22.25%** increase from year-end, posing impairment risk due to market changes. Countermeasures include implementing comprehensive supply chain information systems and optimizing production and procurement arrangements[46](index=46&type=chunk) - Risk of improper control by controlling shareholder and actual controller: Actual controller **Zhu Xiangjun** controls **51.72%** of effective voting rights, potentially leveraging this position to adversely affect company operations. Countermeasures include establishing a sound corporate governance structure, improving rules and procedures, and strengthening internal control systems[46](index=46&type=chunk) - No significant changes in major risks occurred during this period[46](index=46&type=chunk) Part IV Significant Events [I. Index of Significant Events](index=19&type=section&id=%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E4%BA%8B%E4%BB%B6%E7%B4%A2%E5%BC%95) During the reporting period, the company had litigation, arbitration, disclosed commitments, and restricted assets, but no external guarantees, loans, related party fund occupation, major related transactions, equity incentives, share repurchases, investigations, or significant contracts Index of Significant Events | Item | Yes or No | | :--- | :--- | | Litigation or arbitration matters | √Yes | | External guarantee matters | √No | | External loans provided | √No | | Occupation or transfer of company funds, assets, or other resources by shareholders or their related parties | √No | | Major related party transactions | √No | | Equity incentive plans, employee stock ownership plans, or other employee incentive measures | √No | | Share repurchase matters | √No | | Disclosed commitments | √Yes | | Assets seized, detained, frozen, mortgaged, or pledged | √Yes | | Matters under investigation or penalties | √No | | Dishonesty | √No | | Significant contracts that should be disclosed | √No | [II. Details of Significant Events](index=19&type=section&id=%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E4%BA%8B%E4%BB%B6%E8%AF%A6%E6%83%85) The company had no major litigation but faced **1.12 million yuan** in cumulative lawsuits/arbitrations; disclosed commitments are being fulfilled, and restricted assets (performance bonds, frozen third-party funds, pledged patents) do not impact daily operations or ongoing development Litigation and Arbitration Matters During the Reporting Period (Unit: yuan) | Nature | Total Cumulative Amount (yuan) | Share of Period-End Net Assets (%) | | :--- | :--- | :--- | | Litigation or arbitration | 1,118,375.41 | 0.43% | - During the reporting period, the company's disclosed commitments were all being fulfilled normally, with no overdue or violated commitments[48](index=48&type=chunk) Assets Seized, Detained, Frozen, Mortgaged, or Pledged (Unit: yuan) | Asset Name | Asset Type | Type of Restricted Right | Share of Total Assets (%) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Performance bonds | Cash and Cash Equivalents | Frozen | 0.06% | Performance guarantee for business cooperation | | Third-party payment platform funds | Cash and Cash Equivalents | Frozen | 0.00% | E-commerce platform frozen business transactions | | Patent Rights | Non-current Assets | Pledged | 0.00% | Pledged as collateral for a loan from Bank of China International Financial Center Branch | - Performance bonds, frozen e-commerce platform funds, and pledged patent rights do not affect the company's normal cash flow or core business development, nor do they impact its going concern or management stability[50](index=50&type=chunk) Part V Share Changes and Financing [I. Common Share Capital](index=21&type=section&id=%E4%B8%80%E3%80%81%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital increased from **50.681 million** to **70.9534 million shares** due to the 2023 annual equity distribution (4 bonus shares for every 10), with controlling shareholder Zhu Xiangjun holding **43.7008%** Common Share Capital Structure (Unit: shares) | Share Type | Beginning Balance (shares) | Beginning % | Current Period Change (shares) | Period-End Balance (shares) | Period-End % | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Unrestricted Shares | 15,874,000 | 31.32% | 9,905,600 | 25,779,600 | 36.33% | | Total Restricted Shares | 34,807,000 | 68.68% | 10,366,800 | 45,173,800 | 63.67% | | Total Share Capital | 50,681,000 | - | 20,272,400 | 70,953,400 | - | | Number of Common Shareholders | - | - | - | 2,811 | - | - The company's total share capital increased from **50,681,000 shares** to **70,953,400 shares** due to the 2023 annual equity distribution (4 bonus shares for every 10)[52](index=52&type=chunk) Shareholdings of Top Ten Shareholders or Those Holding 5% or More (Unit: shares) | No. | Shareholder Name | Shareholder Type | Beginning Shareholding (shares) | Shareholding Change (shares) | Period-End Shareholding (shares) | Period-End Shareholding (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | 朱湘军 | Domestic Natural Person | 22,148,000 | 8,859,200 | 31,007,200 | 43.7008% | | 2 | 广州湘军一号投资合伙企业（有限合伙） | Domestic Non-State-Owned Legal Person | 3,000,000 | 1,200,000 | 4,200,000 | 5.9194% | | 3 | 朱湘基 | Domestic Natural Person | 2,645,000 | 1,058,000 | 3,703,000 | 5.2189% | - **Zhu Xiangjun** and **Zhu Xiangji** are brothers and parties acting in concert; **Zhu Xiangjun** is the executive partner of Guangzhou Xiangjun No. 1 and No. 2 Investment Partnerships[53](index=53&type=chunk) - Jianghai Securities Co., Ltd. and Kaiyuan Securities Co., Ltd., as strategic investors, had their strategically placed shares lifted from lock-up and listed on **March 21, 2024**[54](index=54&type=chunk) [VII. Equity Distribution](index=23&type=section&id=%E4%B8%83%E3%80%81%E6%9D%83%E7%9B%8A%E5%88%86%E6%B4%BE%E6%83%85%E5%86%B5) The company's 2023 annual equity distribution plan was completed during the reporting period, complying with the articles of association and relevant laws and regulations - The equity distribution plan for the reporting period complies with the company's articles of association and relevant laws and regulations[54](index=54&type=chunk) Part VI Changes in Directors, Supervisors, Senior Management, and Core Employees [I. Directors, Supervisors, and Senior Management](index=24&type=section&id=%E4%B8%80%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) The company's board has 7 directors, the supervisory board has 3, and there are 3 senior executives; Zhu Xiangjun serves as Chairman, Peng Yongjian as Director and General Manager, and Dong Hao as Board Secretary and CFO, with no changes in their basic information or shareholdings during the period Basic Information of Directors, Supervisors, and Senior Management | Name | Position | Gender | Date of Birth (YYYY-MM) | Term of Office (YYYY-MM-DD - YYYY-MM-DD) | | :--- | :--- | :--- | :--- | :--- | | 朱湘军 | Chairman | Male | 1965 年 4 月 | 2023 年 9 月 5 日 - 2026 年 9 月 5 日 | | 彭永坚 | Director and General Manager | Male | 1966 年 11 月 | 2023 年 9 月 5 日 - 2026 年 9 月 5 日 | | 李利苹 | Director and Deputy General Manager | Female | 1980 年 11 月 | 2023 年 9 月 5 日 - 2026 年 9 月 5 日 | | 董浩 | Board Secretary and CFO | Male | 1974 年 5 月 | 2023 年 9 月 5 日 - 2026 年 9 月 5 日 | | 肖艳萍 | Chairman of Supervisory Board | Female | 1988 年 1 月 | 2023 年 9 月 5 日 - 2026 年 9 月 5 日 | - There are no related party relationships among directors, supervisors, senior management, or with the controlling shareholder and actual controller[55](index=55&type=chunk) Shareholdings of Directors, Supervisors, and Senior Management (Unit: shares) | Name | Position | Beginning Common Shares Held (shares) | Quantity Change (shares) | Period-End Common Shares Held (shares) | Period-End Common Shareholding (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | 朱湘军 | Chairman | 22,148,000 | 8,859,200 | 31,007,200 | 43.70% | | 彭永坚 | Director and General Manager | 1,502,000 | 600,800 | 2,102,800 | 2.96% | | 李利苹 | Director and Deputy General Manager | 1,371,000 | 548,400 | 1,919,400 | 2.71% | | 董浩 | Board Secretary and CFO | 200,000 | 80,000 | 280,000 | 0.39% | | 张结冰 | Supervisor | 335,000 | 134,000 | 469,000 | 0.66% | | Total | - | 25,556,000 | - | 35,778,400 | 50.42% | - During the reporting period, there were no changes in the Chairman, General Manager, Board Secretary, CFO, or independent directors[57](index=57&type=chunk) [II. Employee Information](index=25&type=section&id=%E4%BA%8C%E3%80%81%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) As of the reporting period, the company and its subsidiaries had **472 employees**, an increase of 6, with production staff being the largest group, followed by technical personnel, predominantly with bachelor's or associate degrees Basic Information of Employees (Company and Holding Subsidiaries) | By Job Nature | Beginning Headcount (persons) | Added This Period (persons) | Reduced This Period (persons) | Period-End Headcount (persons) | | :--- | :--- | :--- | :--- | :--- | | Management Personnel | 44 | 3 | 5 | 42 | | Technical Personnel | 144 | 3 | 10 | 137 | | Production Personnel | 151 | 38 | 26 | 163 | | Sales Personnel | 114 | 10 | 6 | 118 | | Financial Personnel | 13 | - | 1 | 12 | | Total Employees | 466 | 54 | 48 | 472 | | By Education Level | Beginning Headcount (persons) | Period-End Headcount (persons) | | :--- | :--- | :--- | | Doctorate | 0 | 0 | | Master's | 4 | 4 | | Bachelor's | 189 | 189 | | Associate's | 166 | 167 | | Below Associate's | 107 | 112 | | Total Employees | 466 | 472 | Part VII Financial Accounting Report [I. Audit Report](index=26&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This semi-annual financial accounting report is unaudited - This semi-annual financial accounting report is unaudited[58](index=58&type=chunk) [II. Financial Statements](index=26&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's 2024 semi-annual consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in shareholders' equity, providing a comprehensive view of financial position, operating results, and cash flows [Consolidated Balance Sheet](index=26&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2024, consolidated assets totaled **317 million yuan**, a **2.75%** decrease from year-end, with cash decreasing while financial assets and inventory increased; total liabilities were **56.27 million yuan**, down **3.98%** Key Data from Consolidated Balance Sheet (Unit: yuan) | Item | 2024年6月30日 | 2023年12月31日 | | :--- | :--- | :--- | | Total Assets | 317,215,247.69 | 326,187,774.87 | | Total Liabilities | 56,266,955.42 | 58,599,815.40 | | Total Owners' Equity | 260,948,292.27 | 267,587,959.47 | | Cash and Cash Equivalents | 172,406,291.27 | 227,485,760.77 | | Trading Financial Assets | 42,000,000.00 | - | | Inventory | 37,626,566.68 | 30,779,069.26 | | Accounts Payable | 18,137,907.71 | 14,809,197.03 | [Parent Company Balance Sheet](index=28&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2024, parent company assets totaled **273 million yuan**, a **19.20%** decrease from year-end, with significant reductions in cash and dividends receivable, while financial assets and inventory increased; total liabilities were **29.38 million yuan**, down **58.91%** Key Data from Parent Company Balance Sheet (Unit: yuan) | Item | 2024年6月30日 | 2023年12月31日 | | :--- | :--- | :--- | | Total Assets | 272,563,044.67 | 337,301,730.22 | | Total Liabilities | 29,382,023.04 | 71,496,766.94 | | Total Owners' Equity | 243,181,021.63 | 265,804,963.28 | | Cash and Cash Equivalents | 143,489,292.98 | 217,319,797.78 | | Trading Financial Assets | 42,000,000.00 | - | | Dividends Receivable | 6,900,000.00 | 69,950,000.00 | | Inventory | 6,121,356.01 | 2,552,693.70 | | Accounts Payable | 9,850,610.73 | 51,046,576.59 | [Consolidated Income Statement](index=30&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) Consolidated operating revenue reached **115 million yuan**, up **0.65%**; net profit attributable to the parent company was **23.75 million yuan**, a **47.90%** increase, driven by improved gross margin and reduced financial expenses from exchange gains and interest income Key Data from Consolidated Income Statement (Unit: yuan) | Item | 2024年1-6月 | 2023年1-6月 | | :--- | :--- | :--- | | Total Operating Revenue | 114,936,204.22 | 114,194,387.01 | | Total Operating Cost | 96,714,001.96 | 100,120,643.92 | | Operating Profit | 26,296,699.46 | 17,581,246.04 | | Total Profit | 26,349,674.24 | 17,369,722.89 | | Net Profit | 23,754,693.30 | 16,061,734.10 | | Net Profit Attributable to Owners of Parent Company | 23,754,693.30 | 16,061,734.10 | | Basic EPS (yuan/share) | 0.33 | 0.30 | | Gross Margin | 51.90% | 46.15% | | Financial Expenses | -2,091,314.01 | -739,692.97 | | Other Income | 8,310,438.73 | 3,736,846.02 | [Parent Company Income Statement](index=32&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) Parent company operating revenue grew **28.84%** to **69.24 million yuan**, with net profit increasing **18.77%** to **7.78 million yuan**, driven by reduced financial expenses from higher interest income and increased government subsidies Key Data from Parent Company Income Statement (Unit: yuan) | Item | 2024年1-6月 | 2023年1-6月 | | :--- | :--- | :--- | | Operating Revenue | 69,236,316.28 | 53,732,148.40 | | Operating Cost | 48,877,556.63 | 34,160,164.64 | | Operating Profit | 8,396,525.25 | 6,921,244.58 | | Total Profit | 8,397,026.18 | 6,919,811.38 | | Net Profit | 7,784,658.35 | 6,554,665.38 | | Basic EPS (yuan/share) | 0.11 | 0.12 | | Financial Expenses | -1,654,807.95 | -816,259.60 | | Other Income | 5,620,844.27 | 2,745,348.06 | [Consolidated Cash Flow Statement](index=33&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Operating cash flow increased by **139.08%** to **18.69 million yuan**; investment cash flow was **-42.54 million yuan** due to wealth management product purchases; financing cash flow was **-31.36 million yuan** primarily from dividend distribution Key Data from Consolidated Cash Flow Statement (Unit: yuan) | Item | 2024年1-6月 | 2023年1-6月 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 18,685,602.07 | 7,815,618.51 | | Net Cash Flow from Investing Activities | -42,535,665.83 | -1,589,105.06 | | Net Cash Flow from Financing Activities | -31,363,078.70 | -4,088,269.60 | | Net Increase in Cash and Cash Equivalents | -55,189,763.14 | 2,356,854.49 | | Period-End Cash and Cash Equivalents Balance | 172,191,507.55 | 69,740,839.12 | [Parent Company Cash Flow Statement](index=34&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Parent company operating cash flow turned negative at **-63.79 million yuan**; investment cash flow was **20.80 million yuan**, and financing cash flow was **-30.96 million yuan** Key Data from Parent Company Cash Flow Statement (Unit: yuan) | Item | 2024年1-6月 | 2023年1-6月 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -63,787,594.81 | 6,956,495.11 | | Net Cash Flow from Investing Activities | 20,800,821.20 | -190,845.90 | | Net Cash Flow from Financing Activities | -30,961,064.34 | -3,383,686.92 | | Net Increase in Cash and Cash Equivalents | -73,940,518.38 | 3,753,308.71 | | Period-End Cash and Cash Equivalents Balance | 143,277,097.93 | 57,581,639.50 | [Consolidated Statement of Changes in Shareholders' Equity](index=36&type=section&id=%E5%90%88%E5%B9%B6%E8%82%A1%E4%B8%9C%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) Consolidated shareholders' equity decreased by **6.64 million yuan**; share capital increased by **20.27 million shares** from capital reserve capitalization, while retained earnings decreased by **30.41 million yuan** due to profit distribution Consolidated Statement of Changes in Shareholders' Equity (Unit: yuan) | Item | Share Capital (yuan) | Capital Reserve (yuan) | Other Comprehensive Income (yuan) | Surplus Reserve (yuan) | Retained Earnings (yuan) | Total Owners' Equity (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Prior Year-End Balance | 50,681,000.00 | 131,035,628.55 | -28,443.41 | 14,489,973.25 | 71,409,801.08 | 267,587,959.47 | | Current Period Change Amount | 20,272,400.00 | -20,272,400.00 | 14,239.50 | - | -6,653,906.70 | -6,639,667.20 | | Period-End Balance | 70,953,400.00 | 110,763,228.55 | -14,203.91 | 14,489,973.25 | 64,755,894.38 | 260,948,292.27 | - Total comprehensive income for the period was **23.77 million yuan**, and profit distribution led to a **30.4086 million yuan** decrease in retained earnings[73](index=73&type=chunk) [Parent Company Statement of Changes in Shareholders' Equity](index=39&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) Parent company shareholders' equity decreased by **22.62 million yuan**; share capital increased from capital reserve capitalization, while retained earnings decreased by **30.41 million yuan** due to profit distribution Parent Company Statement of Changes in Shareholders' Equity (Unit: yuan) | Item | Share Capital (yuan) | Capital Reserve (yuan) | Surplus Reserve (yuan) | Retained Earnings (yuan) | Total Owners' Equity (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Prior Year-End Balance | 50,681,000.00 | 130,564,178.56 | 14,489,973.25 | 70,069,811.47 | 265,804,963.28 | | Current Period Change Amount | 20,272,400.00 | -20,272,400.00 | - | -22,623,941.65 | -22,623,941.65 | | Period-End Balance | 70,953,400.00 | 110,291,778.56 | 14,489,973.25 | 47,445,869.82 | 243,181,021.63 | - Total comprehensive income for the period was **7.7847 million yuan**, and profit distribution led to a **30.4086 million yuan** decrease in retained earnings[78](index=78&type=chunk) [III. Notes to Financial Statements](index=42&type=section&id=%E4%B8%89%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%99%84%E6%B3%A8) This section details the basis of financial statement preparation, significant accounting policies and estimates, taxes, notes to consolidated financial statement items, financial instrument risks, related parties and transactions, share-based payments, commitments and contingencies, post-balance sheet events, other significant matters, and notes to parent company financial statement items, providing comprehensive context for financial data [Index of Notes to Financial Statements](index=42&type=section&id=%E9%99%84%E6%B3%A8%E4%BA%8B%E9%A1%B9%E7%B4%A2%E5%BC%95) This section indexes key notes to financial statements, covering changes in accounting policies/estimates, prior period corrections, seasonality, related party changes, consolidation scope, securities issuance, and profit distribution, noting profit distribution occurred during the period Index of Notes to Financial Statements | Item | Yes or No | | :--- | :--- | | Change in accounting policies from prior year's financial statements for semi-annual report | √No | | Change in accounting estimates from prior year's financial statements for semi-annual report | √No | | Prior period error correction | √No | | Seasonal or cyclical characteristics in business operations | √No | | Change in related parties with controlling relationships | √No | | Change in consolidation scope of consolidated financial statements | √No | | Securities issuance, repurchase, and repayment | √No | | Profit distribution to owners | √Yes | | Segment reporting disclosed according to accounting standards | √No | | Non-adjusting events between semi-annual balance sheet date and approval date of semi-annual financial report | √No | | Changes in contingent liabilities and assets after prior year-end balance sheet date | √No | | Changes in enterprise structure | √No | | Significant long-term assets transferred or sold | √No | | Significant changes in fixed assets and intangible assets | √No | | Significant R&D expenditures | √No | | Significant asset impairment losses | √No | | Provisions for liabilities | √No | - The company approved the **2023 annual equity distribution plan** on **April 25 and May 22, 2024**, distributing a cash dividend of **6 yuan** per 10 shares from retained earnings and transferring **4 bonus shares** per 10 shares from capital reserves to all shareholders, totaling **30.4086 million yuan** in cash dividends and **20.2724 million bonus shares**[82](index=82&type=chunk) [Notes to Financial Statement Items](index=42&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E9%99%84%E6%B3%A8) This section elaborates on the company's basic information, financial statement preparation basis, significant accounting policies and estimates, taxes, specific notes for consolidated financial statement items, financial instrument risks, related party transactions, share-based payments, commitments and contingencies, post-balance sheet events, other significant matters, and notes for parent company financial statement items - The company's main business activities include R&D in electronics, communication, and automatic control technology, electrical equipment manufacturing, and computer technology development and services, with **Zhu Xiangjun** as the actual controller[83](index=83&type=chunk) - Financial statements are prepared in accordance with the Accounting Standards for Business Enterprises issued by the Ministry of Finance and relevant regulations of the China Securities Regulatory Commission, on a going concern basis[84](index=84&type=chunk)[85](index=85&type=chunk) - The company's main taxes include **VAT (13%, 6%)**, **Urban Maintenance and Construction Tax (7%)**, **Enterprise Income Tax (25%, 15%)**, **Education Surcharge (3%)**, and **Local Education Surcharge (2%)**[193](index=193&type=chunk) - The company benefits from tax incentives such as **immediate VAT refunds for software enterprises**, **high-tech enterprise income tax preferential rate (15%)**, and **additional input VAT deductions for advanced manufacturing enterprises**[195](index=195&type=chunk)[196](index=196&type=chunk)[197](index=197&type=chunk)[198](index=198&type=chunk) - The company faces **credit risk, liquidity risk, and market risk (including exchange rate risk, interest rate risk)**, managing these through diversified investments, customer credit monitoring, cash flow forecasting, and forward foreign exchange contracts[321](index=321&type=chunk)[322](index=322&type=chunk)[323](index=323&type=chunk)[324](index=324&type=chunk)[328](index=328&type=chunk)[329](index=329&type=chunk)[330](index=330&type=chunk) - The company has no parent company, with **Zhu Xiangjun** as the ultimate controlling party; major subsidiaries include Guangzhou Video-Star Health Technology Co., Ltd., Guangzhou Video-Star Smart Technology Co., Ltd., VINE CONNECTED CORP., and Ganzhou Video-Star Smart Technology Co., Ltd.[332](index=332&type=chunk)[315](index=315&type=chunk)[316](index=316&type=chunk) - During the reporting period, the company had no related party transactions involving goods/services, entrusted management/contracting, leasing, guarantees, fund transfers, asset transfers, or debt restructuring[336](index=336&type=chunk)[337](index=337&type=chunk)[338](index=338&type=chunk)[339](index=339&type=chunk)[340](index=340&type=chunk)[341](index=341&type=chunk) Key Management Personnel Compensation (Unit: yuan) | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | Key Management Personnel Compensation | 2,093,199.76 | 1,276,482.21 | - During the reporting period, the company had no share-based payments, new significant commitments, or contingent events[345](index=345&type=chunk)[346](index=346&type=chunk) Part VIII Reference Documents [Reference Documents](index=153&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists the semi-annual report's reference documents, including financial statements signed by key personnel, original audit reports (if any), and all publicly disclosed company documents and announcements, available at Guangzhou Video-Star Smart Co., Ltd.'s Board Secretary Office - Reference documents include financial statements bearing the signatures and seals of the company's head, chief accountant, and head of accounting department (accounting supervisor)[373](index=373&type=chunk) - Reference documents include original audit reports (if any) bearing the seal of the accounting firm and signatures and seals of certified public accountants[373](index=373&type=chunk) - Reference documents include originals of all company documents and announcements publicly disclosed on designated information disclosure platforms during the reporting period[373](index=373&type=chunk) - The documents are available at the Board Secretary's Office of Guangzhou Video-Star Smart Co., Ltd.[373](index=373&type=chunk)

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 证券代码：870976 证券简称：视声智能 公告编号：2024-071 广州视声智能股份有限公司 第三届董事会第九次会议决议公告 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 8 月 26 日 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯方式 4.发出董事会会议通知的时间和方式：2024 年 8 月 16 日以书面方式发出 5.会议主持人：董事长朱湘军先生 6.会议列席人员：公司监事、高级管理人员 7.召开情况合法、合规、合章程性说明： 会议的召集、召开及议案表决符合《公司法》《公司章程》的有关规定。 （二）会议出席情况 会议应出席董事 7 人，出席和授权出席董事 7 人。 董事蔡念因工作原因以通讯方式参与表决。 董事何凯因工作原因以通讯方式参与表决。 董事宋庆云因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于公司<2024 年半年度报告>和<2024 年半年度报告摘要>的 议案》 1 1. ...

证券代码：870976 证券简称：视声智能 公告编号：2024-075 广州视声智能股份有限公司 1 2024 年半年度募集资金存放与实际使用情况的专项报告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 1. 2022 年第一次股票定向发行募集资金基本情况 2022 年 5 月，广州视声智能股份有限公司（以下简称"公司"或"视声智 能"）完成 2022 年第一次股票发行，募集资金总额为 2,251.20 万元，具体情况 如下： 经全国中小企业股份转让系统有限责任公司《关于对广州视声智能股份有 限公司股票定向发行无异议的函》（股转系统函〔2022〕610 号）确认公司发行 股票 420 万股，股票发行价格为人民币 5.36 元/股，募集资金总额为人民币 22,512,000.00 元。立信会计师事务所（特殊普通合伙）对本次发行股票资金到 位情况进行了验证，并于 2022 年 4 月 22 日出具了《广州视声智能股份有限公 司验资报告》（信会师报 ...

证券代码：870976 证券简称：视声智能 公告编号：2024-072 广州视声智能股份有限公司 第三届监事会第八次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 （一）审议通过《关于公司<2024 年半年度报告>和<2024 年半年度报告摘要>的 议案》 1.议案内容： 3.回避表决情况 一、会议召开和出席情况 会议的召集、召开及议案表决符合《公司法》《公司章程》的有关规定。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 审议公司《2024 年半年度报告》及《2024 年半年度报告摘要》。 议案内容详见公司同日在北京证券交易所信息披露平台（www.bse.cn）披 1 （一）会议召开情况 1.会议召开时间：2024 年 8 月 26 日 2.会议召开地点：公司会议室 3.会议召开方式：现场召开 4.发出监事会会议通知的时间和方式：2024 年 8 月 16 日 以书面方式发出 5.会议主持人：监事会主席肖艳萍女士 6.召开情况合法、合规、合章 ...

证券代码：870976 证券简称：视声智能 公告编号：2024-071 广州视声智能股份有限公司 第三届董事会第九次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 8 月 26 日 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯方式 4.发出董事会会议通知的时间和方式：2024 年 8 月 16 日以书面方式发出 5.会议主持人：董事长朱湘军先生 6.会议列席人员：公司监事、高级管理人员 7.召开情况合法、合规、合章程性说明： 会议的召集、召开及议案表决符合《公司法》《公司章程》的有关规定。 （二）会议出席情况 会议应出席董事 7 人，出席和授权出席董事 7 人。 董事蔡念因工作原因以通讯方式参与表决。 董事何凯因工作原因以通讯方式参与表决。 董事宋庆云因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于公司<2024 年半年度报告>和<2024 年半年度报告摘要>的 议案》 1 1. ...

广州视声智能股份有限公司 章 程 二〇二四年八月 1 | | | | 第二章 | 公司愿景、使命、价值观和范围 5 | | | --- | --- | --- | | 第三章 | 股份 | 6 | | 第一节 | 股份发行 | 6 | | 第二节 | 股份增减和回购 8 | | | 第三节 | 股份转让 | 9 | | 第四章 | 股东和股东大会 | 11 | | 第一节 | 股东 | 11 | | 第二节 | 股东大会的一般规定 16 | | | 第三节 | 股东大会的召集 20 | | | 第四节 | 股东大会的提案与通知 22 | | | 第五节 | 股东大会的召开 24 | | | 第六节 | 股东大会的表决和决议 27 | | | 第五章 | 董事会 | 33 | | 第一节 | 董事 | 33 | | 第二节 | 董事会 | 37 | | 第六章 | 总经理及其他高级管理人员 44 | | | 第七章 | 监事会 | 46 | | 第一节 | 监事 | 46 | | 第二节 | 监事会 | 47 | | 第八章 | 财务会计制度、利润分配和审计 49 | | | 第一节 | 财务会计制度 49 | ...

证券代码：870976 证券简称：视声智能 公告编号：2024-069 广州视声智能股份有限公司 关于完成工商变更登记及公司章程备案并取得营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、基本情况 广州视声智能股份有限公司（以下简称"公司"）于 2024 年 6 月 27 日召开 第三届董事会第八次会议，于 2024 年 7 月 16 日召开 2024 年第一次临时股东大 会，审议通过《关于拟变更注册资本及修订<公司章程>的议案》，议案内容详见 公司在北京证券交易所信息披露平台（www.bse.cn）披露的《关于拟变更注册资 本及修订<公司章程>公告》（公告编号：2024-062）。 二、工商登记情况 目前，公司已经完成工商变更登记手续，并取得广州市市场监督管理局颁发 的营业执照。本次工商变更完成后，公司登记情况如下： 法定代表人：朱湘军 注册资本：7095.34 万元 成立日期：2011 年 1 月 6 日 公司名称：广州视声智能股份有限公司 统一社会信用代码：91440101567 ...