[Company Profile and Key Financial Indicators](index=5&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) An overview of the company's basic information and a summary of its key financial performance over recent years [Company Information Overview](index=5&type=section&id=Company%20Information%20Overview) Paslin Digital Technology Co., Ltd. (stock code 600215) is an intelligent manufacturing company, formerly known as Changchun Jingkai - The company's Chinese name is Paslin Digital Technology Co., Ltd., stock code **600215**, changed from "Changchun Jingkai"[15](index=15&type=chunk)[19](index=19&type=chunk) [Key Accounting Data and Financial Indicators for the Past Three Years](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators%20for%20the%20Past%20Three%20Years) In 2024, the company's operating revenue decreased by **13.75%** to **RMB 1.843 billion**, and net profit attributable to shareholders significantly declined by **46.85%** to **RMB 64.43 million** Key Accounting Data (Unit: RMB) | Key Accounting Data | 2024 | 2023 | YoY Change (%) | 2022 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 1,843,073,469.13 | 2,136,876,638.97 | -13.75 | 1,118,618,540.93 | | **Net Profit Attributable to Shareholders of Listed Company** | 64,431,326.35 | 121,223,984.12 | -46.85 | 142,535,175.84 | | **Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items)** | 62,304,089.69 | 143,464,170.26 | -56.57 | 20,622,202.80 | | **Net Cash Flow from Operating Activities** | -54,866,596.78 | -311,628,660.15 | N/A | 108,689,826.63 | | **Net Assets Attributable to Shareholders of Listed Company** | 2,001,415,034.46 | 1,982,584,041.80 | 0.95 | 1,623,553,375.24 | | **Total Assets** | 3,586,449,004.70 | 3,958,962,441.61 | -9.41 | 3,586,368,771.71 | Key Financial Indicators | Key Financial Indicators | 2024 | 2023 | YoY Change (%) | 2022 | | :--- | :--- | :--- | :--- | :--- | | **Basic Earnings Per Share (RMB/share)** | 0.1409 | 0.2653 | -46.88 | 0.3216 | | **Basic EPS (Excluding Non-recurring Items) (RMB/share)** | 0.1363 | 0.3139 | -56.59 | 0.0465 | | **Weighted Average Return on Net Assets (%)** | 3.23 | 6.75 | Decreased by 3.52 percentage points | 9.52 | | **Weighted Average Return on Net Assets (Excluding Non-recurring Items) (%)** | 3.12 | 7.98 | Decreased by 4.86 percentage points | 1.38 | [Quarterly Key Financial Data](index=8&type=section&id=Quarterly%20Key%20Financial%20Data) The company's 2024 performance showed a front-loaded trend, with most profit generated in Q1 and a Q4 loss, indicating increasing cash flow pressure 2024 Quarterly Key Financial Data (Unit: RMB) | Indicator | Q1 (Jan-Mar) | Q2 (Apr-Jun) | Q3 (Jul-Sep) | Q4 (Oct-Dec) | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 634,049,375.70 | 408,854,062.56 | 394,879,363.71 | 405,290,667.16 | | **Net Profit Attributable to Shareholders of Listed Company** | 51,952,643.12 | 17,067,892.79 | 16,804,868.24 | -21,394,077.80 | | **Net Cash Flow from Operating Activities** | 107,683,580.56 | -38,585,999.62 | -49,719,695.84 | -74,244,481.88 | [Non-recurring Gains and Losses](index=8&type=section&id=Non-recurring%20Gains%20and%20Losses) In 2024, the company's non-recurring gains and losses totaled **RMB 2.1272 million**, primarily from government subsidies, a significant decrease from 2023 - Total non-recurring gains and losses in 2024 amounted to **RMB 2.1272 million**, primarily from **RMB 2.7755 million** in government subsidies[27](index=27&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Management%20Discussion%20and%20Analysis) An in-depth analysis of the company's operational performance, industry trends, business overview, core competencies, and future development strategies [Discussion and Analysis of Operations](index=11&type=section&id=Discussion%20and%20Analysis%20of%20Operations) In 2024, the company faced challenges from delayed North American EV investments and intense domestic competition, leading to declines in revenue and net profit - Affected by delayed investments in the North American new energy vehicle market and intensified domestic market competition, the company's 2024 revenue and net profit both declined[31](index=31&type=chunk) - The company's strategic priorities include: - **Global Market**: Consolidating cooperation with leading international automotive OEMs and suppliers, and expanding into the European market[32](index=32&type=chunk) - **Domestic Market**: Expanding into general assembly automation and power battery manufacturing, having entered the supply chains of BMW, GM, and Seres[33](index=33&type=chunk) - **Non-Automotive Market**: Deepening cooperation with clients in intelligent warehousing and prefabricated construction to increase the proportion of non-automotive business[34](index=34&type=chunk) - **Technological Innovation**: Investing in low-altitude economy, bionic intelligent robots, and industrial artificial intelligence, collaborating with institutions like Shanghai Jiao Tong University for industry-academia research[35](index=35&type=chunk) [Industry Overview](index=12&type=section&id=Industry%20Overview) The industrial automation sector is a key driver for high-quality manufacturing development, with global market expansion and significant growth potential in China driven by AI and equipment upgrade policies - The global industrial automation market is projected to reach **USD 471.04 billion** by 2031, with a compound annual growth rate of **9.9%**[40](index=40&type=chunk) - China's new round of equipment upgrade policies is expected to generate a market size exceeding **RMB 5 trillion**, focusing on upgrading core equipment like industrial robots and intelligent speed control systems[41](index=41&type=chunk) - Industry development exhibits five major trends: - **AI Empowerment**: Shifting production decisions from "experience-based rules" to "data intelligence"[47](index=47&type=chunk) - **Humanoid Robots**: Expected to create a trillion-level blue ocean market, with Goldman Sachs forecasting a global market size of **USD 154 billion** by 2035[48](index=48&type=chunk) - **System Integration**: Integrated intelligent manufacturing solutions becoming mainstream[51](index=51&type=chunk) - **Green Intelligent Manufacturing**: Becoming a core variable in reshaping the industrial competitive landscape[52](index=52&type=chunk) - **Expanded Application Scenarios**: New markets like intelligent warehousing and low-altitude economy offer broad prospects[52](index=52&type=chunk) [Company Business Overview](index=16&type=section&id=Company%20Business%20Overview) The company's core business remains unchanged, focusing on industrial automation line solutions for intelligent manufacturing across various sectors - The company's main business is industrial automation production line solutions, primarily applied in automotive manufacturing, intelligent warehousing, prefabricated construction, and digital factory fields[56](index=56&type=chunk) - The company is among the first tier in North American automotive welding technology, alongside giants like KUKA and Comau, holding leading technological advantages and market share in automotive structural component automated welding and new energy vehicle equipment manufacturing[64](index=64&type=chunk)[65](index=65&type=chunk) [Core Competitiveness Analysis](index=18&type=section&id=Core%20Competitiveness%20Analysis) The company's core competitiveness stems from over **80 years** of technical expertise, efficient project management, strong client relationships, global presence, and an experienced international team - The company possesses over **80 years** of industrial automation experience, with leading technology and absolute advantages in automotive welding deformation control[66](index=66&type=chunk) - The company has established a RASCI 4.0 process control system, enabling full-process management for large and complex automation production line projects[68](index=68&type=chunk) - The company's global client base includes a leading international new energy vehicle OEM, General Motors, Ford, BYD, and Li Auto, having established long-term strategic partnerships with core clients[69](index=69&type=chunk) [Analysis of Key Operating Performance](index=19&type=section&id=Analysis%20of%20Key%20Operating%20Performance) In 2024, the company experienced a decline in revenue and net profit, but domestic business doubled, R&D investment significantly increased, and financial structure improved [Analysis of Income Statement and Cash Flow Statement](index=19&type=section&id=Analysis%20of%20Income%20Statement%20and%20Cash%20Flow%20Statement) Revenue and costs decreased due to delayed orders, while R&D expenses significantly increased, and cash flow from operations improved due to enhanced collections Income Statement and Cash Flow Statement Key Item Changes | Item | Current Period (RMB) | Prior Period (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 1,843,073,469.13 | 2,136,876,638.97 | -13.75 | Delayed existing orders led to a decrease in revenue | | **R&D Expenses** | 27,493,690.69 | 15,434,967.92 | 78.13 | Increased R&D investment for new technologies and products | | **Net Cash Flow from Operating Activities** | -54,866,596.78 | -311,628,660.15 | N/A | Enhanced collection of payments, increasing cash inflow | | **Net Cash Flow from Investing Activities** | 169,152,930.20 | -2,965,690.21 | N/A | Recovery of the second installment of equity transfer payment for Liuhe Real Estate | | **Net Cash Flow from Financing Activities** | 18,069,497.72 | 316,560,857.92 | -94.29 | Strengthened cash flow management, reduced borrowings | [Revenue and Cost Analysis](index=21&type=section&id=Revenue%20and%20Cost%20Analysis) Industrial automation revenue declined, with domestic business doubling but at a lower margin, while overseas revenue decreased with stable margins, and customer concentration remained high Main Business by Region (Unit: RMB) | Region | Operating Revenue | Operating Cost | Gross Margin (%) | YoY Change in Operating Revenue (%) | | :--- | :--- | :--- | :--- | :--- | | **Domestic** | 294,815,131.65 | 275,176,889.98 | 6.66 | 113.11 | | **Overseas** | 1,543,088,368.75 | 1,290,124,950.93 | 16.39 | -22.58 | - Sales to the top five customers totaled **RMB 1.425 billion**, accounting for **77.30%** of total annual sales[82](index=82&type=chunk) [Asset and Liability Analysis](index=26&type=section&id=Asset%20and%20Liability%20Analysis) Total assets decreased, with significant reductions in accounts receivable and payables due to improved collections and project delays, while contract assets increased Balance Sheet Key Item Changes | Item Name | Current Period End (RMB) | Prior Period End (RMB) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | **Accounts Receivable** | 324,306,116.10 | 725,856,759.39 | -55.32 | Strengthened accounts receivable management, increased cash collection | | **Contract Assets** | 816,280,255.29 | 605,809,866.51 | 34.74 | Project delays, some projects not yet at invoicing stage | | **Accounts Payable** | 159,224,569.70 | 455,393,755.86 | -65.04 | Project delays, reduced external procurement | | **Non-current Liabilities Due Within One Year** | 26,133,530.79 | 376,777,593.29 | -93.06 | Repayment of bank loans by Paslin US | - As of the end of the reporting period, the company's overseas assets amounted to **RMB 2.311 billion**, accounting for **64%** of total assets[93](index=93&type=chunk) [Future Development Discussion and Analysis](index=30&type=section&id=Future%20Development%20Discussion%20and%20Analysis) The company will adhere to its "1+2+3" development strategy, focusing on industrial automation, two key industries, and three markets, while addressing identified risks - The company's development strategy is "1+2+3": - **1 Industry**: Industrial automation[108](index=108&type=chunk) - **2 Sectors**: Automotive industry and non-automotive industry (intelligent warehousing, aircraft manufacturing, etc.)[109](index=109&type=chunk) - **3 Markets**: Consolidate North America, expand Asia-Pacific, and establish presence in Europe[109](index=109&type=chunk) - Key initiatives for the 2025 operating plan include: - **Automotive Business**: Consolidating advantages in passenger vehicles, expanding into commercial vehicles and new energy "three-electric" system equipment markets[111](index=111&type=chunk) - **Domestic Market**: Focusing on leading OEMs to secure high-profit projects[112](index=112&type=chunk) - **Non-Automotive Business**: Expanding into intelligent warehousing, prefabricated construction, and consumer goods sectors[113](index=113&type=chunk) - **Emerging Businesses**: Accelerating commercialization of intelligent robots and implementing aircraft automation production lines[114](index=114&type=chunk) - **Technology Integration**: Empowering intelligent manufacturing with AI to enhance product intelligence[115](index=115&type=chunk) - The main risks faced by the company include macroeconomic and industry cycle fluctuations, intensified market competition, and global management risks[118](index=118&type=chunk)[119](index=119&type=chunk) [Corporate Governance](index=34&type=section&id=Corporate%20Governance) Details on the company's adherence to governance standards, board and supervisory committee changes, and shareholder return planning [Overview of Corporate Governance](index=34&type=section&id=Overview%20of%20Corporate%20Governance) During the reporting period, the company maintained a sound and compliant corporate governance structure, completing board and supervisory committee elections and adhering to disclosure requirements - During the reporting period, the company's corporate governance practices complied with the "Company Law" and relevant regulatory documents from the CSRC and SSE[123](index=123&type=chunk) - The company completed the re-election of the eleventh Board of Directors and Supervisory Board, and formulated the "Shareholder Return Plan for the Next Three Years (2024-2026)"[124](index=124&type=chunk)[125](index=125&type=chunk) [Environmental and Social Responsibility](index=49&type=section&id=Environmental%20and%20Social%20Responsibility) Outlines the company's commitment to environmental protection and social responsibility initiatives [Environmental Information](index=49&type=section&id=Environmental%20Information) The company has established environmental protection mechanisms, complies with regulations, and has received ISO14001:2015 certification and EcoVadis bronze recognition for its environmental efforts - The company's subsidiary, Shanghai Paslin, obtained the **ISO14001:2015 Environmental Management System certification**[170](index=170&type=chunk) - Shanghai Paslin received a **bronze medal certification** after passing the EcoVadis Corporate Social Responsibility (CSR) assessment[172](index=172&type=chunk) [Significant Matters](index=51&type=section&id=Significant%20Matters) Covers the fulfillment of commitments, particularly regarding the performance of acquired assets, and the company's guarantee situation [Fulfillment of Commitments](index=51&type=section&id=Fulfillment%20of%20Commitments) While general commitments were met, Paslin US, a major asset reorganization target, failed to meet its 2024 performance commitment due to delayed North American EV investments, triggering compensation - Paslin US, the target of a major asset reorganization, failed to meet its **2024 performance commitment**[183](index=183&type=chunk)[184](index=184&type=chunk) Paslin US 2024 Performance Commitment Fulfillment (Unit: Million USD) | Indicator | Committed Performance (Million USD) | Actual Performance (Million USD) | Completion Rate (%) | | :--- | :--- | :--- | :--- | | **2024 Net Profit (Excluding Non-recurring Items)** | 26.45 | 15.9063 | 60.14 | - The primary reason for the unfulfilled performance commitment was the delay or cancellation of investment plans by North American new energy vehicle OEMs. According to the agreement, the performance commitment party, Wanfeng Technology, is required to compensate the company with **RMB 99.3695 million**[184](index=184&type=chunk) [Guarantees](index=63&type=section&id=Guarantees) The company has no external guarantees, with all guarantees provided to wholly-owned subsidiaries or between subsidiaries, totaling **RMB 169 million**, representing **8.44%** of net assets Company Guarantee Total (Unit: RMB Billion) | Item | Amount | | :--- | :--- | | **Total Guarantee Balance for Subsidiaries at Period End** | 0.169 | | **Ratio of Total Guarantees to Company's Net Assets (%)** | 8.44 | | **Debt Guarantees Provided to Guaranteed Parties with Asset-Liability Ratio Exceeding 70%** | 0.169 | [Share Capital Changes and Shareholder Information](index=65&type=section&id=Share%20Capital%20Changes%20and%20Shareholder%20Information) Details changes in the company's share capital and provides an overview of its shareholder structure and controlling parties [Share Capital Changes](index=65&type=section&id=Share%20Capital%20Changes) The company's total share capital decreased due to the repurchase and cancellation of **2,037,500** restricted shares from the 2023 incentive plan, as performance targets were not met - Due to the repurchase and cancellation of restricted shares that did not meet unlocking conditions, the company's total share capital decreased by **2,037,500 shares** to **462,995,380 shares** at period-end[196](index=196&type=chunk)[197](index=197&type=chunk) [Shareholders and Actual Controller Information](index=67&type=section&id=Shareholders%20and%20Actual%20Controller%20Information) As of the reporting period end, the company had **28,667** common shareholders, with Wanfeng Jinyuan Holding Group Co., Ltd. as the controlling shareholder and Chen Ailian and Wu Jinhua as the actual controllers - The controlling shareholder is Wanfeng Jinyuan Holding Group Co., Ltd., holding **22.71%** of shares. The actual controllers are Chen Ailian and Wu Jinhua[204](index=204&type=chunk)[208](index=208&type=chunk)[209](index=209&type=chunk) - The controlling shareholder Wanfeng Jinyuan and its concerted parties Wanfeng Jinyuan Investment and Wu Jinhua collectively hold **132,984,707 shares**, accounting for **28.72%** of the total share capital[205](index=205&type=chunk)[582](index=582&type=chunk) [Financial Report](index=74&type=section&id=Financial%20Report) Presents the company's audited financial statements, including the audit report and key consolidated financial data [Audit Report](index=74&type=section&id=Audit%20Report) Zhongxingcai Guanghua Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2024 financial statements, highlighting goodwill impairment and revenue recognition for overseas subsidiaries as key audit matters - The audit firm issued a **standard unqualified audit opinion**[220](index=220&type=chunk) - Key audit matters include: - **Goodwill Impairment**: As of year-end, goodwill had a carrying value of **RMB 694 million**, accounting for **19.35%** of total assets. Its impairment test involves significant judgments on key assumptions such as future revenue growth rates, profit margins, and discount rates[221](index=221&type=chunk) - **Revenue Recognition for Overseas Subsidiaries**: Revenue for overseas subsidiaries is primarily recognized using the input method (cost method) to determine performance progress, which relies on management's reasonable estimation and continuous assessment of total estimated contract costs[222](index=222&type=chunk) [Consolidated Financial Statement Key Data](index=76&type=section&id=Consolidated%20Financial%20Statement%20Key%20Data) As of December 31, 2024, the company reported total assets of **RMB 3.586 billion**, total liabilities of **RMB 1.585 billion**, and net profit of **RMB 64.43 million** Consolidated Balance Sheet Key Data (December 31, 2024) | Item | Amount (RMB) | | :--- | :--- | | **Total Current Assets** | 1,616,541,746.20 | | **Total Non-current Assets** | 1,969,907,258.50 | | **Total Assets** | 3,586,449,004.70 | | **Total Current Liabilities** | 1,241,356,211.35 | | **Total Non-current Liabilities** | 343,677,758.89 | | **Total Liabilities** | 1,585,033,970.24 | | **Total Equity Attributable to Parent Company Shareholders** | 2,001,415,034.46 | Consolidated Income Statement Key Data (2024) | Item | Amount (RMB) | | :--- | :--- | | **Total Operating Revenue** | 1,843,073,469.13 | | **Total Operating Costs** | 1,758,904,370.05 | | **Total Profit** | 78,633,599.77 | | **Net Profit** | 64,431,326.35 | | **Net Profit Attributable to Parent Company Shareholders** | 64,431,326.35 | Consolidated Cash Flow Statement Key Data (2024) | Item | Amount (RMB) | | :--- | :--- | | **Net Cash Flow from Operating Activities** | -54,866,596.78 | | **Net Cash Flow from Investing Activities** | 169,152,930.20 | | **Net Cash Flow from Financing Activities** | 18,069,497.72 | | **Net Increase in Cash and Cash Equivalents** | 121,732,327.85 |

Core Viewpoint - The company, Paislin Digital Technology Co., Ltd., anticipates a significant loss for the first half of 2025, with projected net profit ranging from -37 million to -33 million yuan, indicating a downturn compared to the previous year [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025 [3]. - The company expects a net profit attributable to shareholders of the parent company to be between -37 million and -33 million yuan, indicating a loss [2][4]. - The projected net profit, excluding non-recurring gains and losses, is expected to be between -39 million and -35 million yuan [2][4]. Group 2: Previous Year Comparison - In the same period last year, the total profit was 65.885 million yuan, with a net profit attributable to shareholders of the parent company at 69.0205 million yuan [6]. - The net profit, excluding non-recurring gains and losses, was 68.1398 million yuan [6]. - The earnings per share for the previous year were 0.1511 yuan [7]. Group 3: Reasons for Performance Decline - The decline in performance is attributed to a complex and changing macroeconomic environment, particularly affecting overseas business due to uncertainties in the North American automotive market, leading to delayed capital expenditures and project launches [8]. - Domestic business has also been impacted by intensified industry competition and a slowdown in investment demand from manufacturers, resulting in insufficient new order growth [8]. - Despite the challenges, new orders in overseas business increased by 43.06% year-on-year by the end of the second quarter of 2025, as policies became clearer [8]. - The company plans to actively advance project execution and delivery while expanding into new customer segments and projects in various industries, including intelligent warehousing and construction machinery [8].

[Paslin 2025 Semi-Annual Performance Forecast Interpretation](index=1&type=section&id=Paslin%20Digital%20Technology%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) This report interprets Paslin Digital Technology Co., Ltd.'s 2025 semi-annual performance forecast, highlighting a significant projected loss compared to the prior year [Current Period Performance Forecast (2025 H1)](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast%20Overview) The company anticipates a significant loss for the first half of 2025, with net profit attributable to shareholders projected between -RMB 37 million and -RMB 33 million, a stark contrast to the prior year's profit 2025 Semi-Annual Performance Forecast vs. Prior Year Period Performance | Financial Indicator | 2025 H1 Estimated | 2024 H1 Actual | | :--- | :--- | :--- | | **Net Profit Attributable to Parent (RMB)** | -37,000,000.00 to -33,000,000.00 | 69,020,500.00 | | **Net Profit Attributable to Parent (Excl. Non-recurring Items) (RMB)** | -39,000,000.00 to -35,000,000.00 | 68,139,800.00 | | **Earnings Per Share (RMB)** | Not Disclosed | 0.1511 | - The data in this performance forecast is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant[3](index=3&type=chunk) [Prior Year Period Operating Performance (2024 H1)](index=1&type=section&id=II.%20Prior%20Year%20Period%20Operating%20Performance%20and%20Financial%20Status) In the first half of 2024, the company achieved profitability with net profit attributable to shareholders at RMB 69.0205 million, providing a benchmark for the current period's decline 2024 Semi-Annual Key Financial Data | Indicator | Amount | | :--- | :--- | | Total Profit | 65,885,000.00 RMB | | Net Profit Attributable to Parent | 69,020,500.00 RMB | | Net Profit Attributable to Parent (Excl. Non-recurring Items) | 68,139,800.00 RMB | | Earnings Per Share | 0.1511 RMB | [Reasons for Projected Loss and Outlook](index=1&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%27s%20Projected%20Loss) The company attributes its first-half loss to macroeconomic conditions, North American automotive market policy uncertainties, and intensified domestic competition, leading to reduced revenue, but notes positive signals for the second half with project recovery and overseas order growth - Core Reasons for Performance Decline: - **Overseas Business**: Affected by policy uncertainties in the North American automotive market, OEMs delayed capital expenditures, causing the company's ongoing projects to not start on schedule[6](index=6&type=chunk) - **Domestic Business**: Facing intensified industry competition and a slowdown in OEM production line investment demand, new order growth was insufficient[6](index=6&type=chunk) - Positive Signals and Future Strategy: - **Project Recovery**: By the end of Q2 2025, North American policies became clear, and delayed projects gradually began execution[6](index=6&type=chunk) - **Order Growth**: Overseas new orders increased by **43.06%** year-on-year in the first half[6](index=6&type=chunk) - **Business Expansion**: Plans to deepen engagement in the automotive industry while actively expanding into non-automotive sectors such as intelligent warehousing, building assembly, and construction machinery[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company confirms no significant uncertainties exist that could impact the accuracy of this performance forecast - The company confirms no significant uncertainties exist that could impact the accuracy of this performance forecast[7](index=7&type=chunk) [Other Explanatory Notes](index=2&type=section&id=V.%20Other%20Explanatory%20Notes) The company emphasizes that the disclosed data is preliminary, with final results subject to the officially released 2025 semi-annual report, and advises investors to consider investment risks - The forecast data provided is preliminary, with final results subject to the company's officially disclosed 2025 semi-annual report[8](index=8&type=chunk)

Core Viewpoint - The Tesla concept sector experienced a slight decline of 0.15% with a significant capital outflow of approximately 2.92 billion [1] Group 1: Stock Performance - A total of 84 stocks within the sector saw an increase, while 113 stocks experienced a decline [1] - The top-performing stocks included: - Gongzhi Tui (11.54%) - Kelu Electronics (10.02%) - Haosen Intelligent (7.49%) - Zhongke Sanhuan (5.22%) - Hezhuan Intelligent (5.02%) - Jinli Yongci (4.48%) - China Automotive Research (4.1%) - Jinjing Technology (3.23%) - Southern Precision (3.09%) - Nanbo A (2.49%) - *ST Weier (2.38%) - Nord Shares (2.03%) - Spring and Autumn Electronics (2.02%) - Baolong Technology (1.92%) - Hengdian East Magnet (1.74%) - Galaxy Magnet (1.71%) - Paislin (1.63%) - Shida Shenghua (1.61%) - Bowei Alloy (1.4%) - Delian Group (1.38%) [1] Group 2: Declining Stocks - The stocks with the largest declines included: - Rongtai Co. (-7.53%) - Yamaton (-5.0%) - Shenghong Technology (-4.96%) - Quanfeng Automotive (-4.64%) - Shuanglin Co. (-3.99%) - Xingyuan Zhuomei (-3.36%) - Jintuo Co. (-3.08%) - Keda Li (-3.01%) - Hailian Jinhui (-2.98%) - Huafeng Superfiber (-2.86%) - Chaojie Co. (-2.74%) - Jifeng Co. (-2.66%) - Ningbo Huaxiang (-2.64%) - Changsheng Bearing (-2.54%) - Saiwu Technology (-2.34%) - Fabon Information (-2.25%) - Chaoda Equipment (-2.07%) - Lingyun Co. (-2.06%) - Sikan Technology (-1.94%) - Changhua Group (-1.86%) [1]

Core Viewpoint - The company, Paislin Digital Technology Co., Ltd., is facing delays in receiving payment for equity transfer related to its transformation away from real estate, with significant amounts still outstanding [1][2][4]. Group 1: Equity Transfer Details - The total equity transfer amount related to the sale of subsidiaries is approximately 1.068 billion yuan, with payments structured in multiple phases [2][3]. - The first payment of 15% (approximately 160 million yuan) has been made, while the remaining payments are scheduled from 2024 to 2028, with each installment being about 182 million yuan [2][3]. - Currently, four installments totaling approximately 728 million yuan remain unpaid, representing 68% of the total transfer amount [2][3]. Group 2: Payment Delays and Reasons - The company has experienced two instances of payment delays, with the most recent delay attributed to the underperformance of the buyer, Changchun Economic Development State-owned Assets Holding Group [4][5]. - The buyer has committed to making the overdue payments by December 31, 2025, citing challenges in cash flow and external financing [4][5]. - Previous delays occurred in 2024, where approximately 172 million yuan was overdue, but the buyer eventually made the payment [5][6]. Group 3: Impact on Business Operations - The company asserts that the delays in receiving the equity transfer payments will not significantly impact its core business in intelligent manufacturing, as the two business segments operate independently [7][8]. - The company has indicated that the transformation away from real estate is aimed at improving asset liquidity and financial structure [6][7]. Group 4: Shareholding Changes - The buyer, Changchun Economic Development State-owned Assets Holding Group, significantly reduced its shareholding in Paislin from 5.54% to 0.63% by the end of 2024, raising questions about the potential link between the share reduction and payment delays [8][9]. - The company has stated that it is unclear if the share reduction is related to the payment issues, emphasizing that the buyer's financial needs are not directly connected to the equity transfer payments [9].

证券代码：600215 证券简称：派斯林 公告编号：临 2025-025 派斯林数字科技股份有限公司 关于重大资产重组股权转让款延期支付的公告 本公司董事会及全体董事保证公告内容不存在虚假记载、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法律责任。 一、交易概述 根据《协议》约定，国控集团应于2025年6月30日前向公司支付标的股权第 三期转让款181,560,356.68元。 二、股权转让款延期支付情况 公司于近日收到国控集团发送的《关于延期支付股权转让款的函》，因其主 营业务经营业绩、外部融资、地产项目开发收益等情况不及预期，无法于2025 年6月30日前支付标的股权第三期股权转让款项。后续将通过经营所得、外部融 资及资产变现等方式积极筹措资金，并承诺不晚于2025年12月31日前支付上述款 项，逾期支付期间，将根据《协议》相关条款履行。 公司将积极与国控集团保持沟通，尽快收回剩余款项，如有相关进展情况公 司将及时履行信息披露义务。 特此公告。 派斯林数字科技股份有限公司 董 事 会 二○二五年七月一日 1 派斯林数字科技股份有限公司（以下简称"公司"）于2023年5月8日召开第 十届 ...

证券代码：600215 证券简称：派斯林 公告编号：临 2025-024 派斯林数字科技股份有限公司 关于为全资子公司提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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法律责任。 重要内容提示： ? 被担保人名称：长春万丰智能工程有限公司（以下简称"长春智能"）， 为派斯林数字科技股份有限公司（以下简称"公司"）全资子公司。 ? 本次担保金额及已实际为其提供的担保余额：本次担保金额 3,000 万元， 截至本公告披露日实际为其提供的担保余额 3,000 万元（含本次担保）。 ? 本次担保是否有反担保：否 ? 对外担保逾期的累计数量：无 ? 特别风险提示：长春智能的资产负债率超过 70%，目前经营正常，敬请 投资者注意相关风险。 长春智能最近一年经审计的主要财务数据：截至 2024 年 12 月 31 日，资产 总 额 33,206.02 万 元 、 负 债 总额 27,401.74 万 元； 2024 年 度实 现 营 业收 入 四、担保的必要性和合理性 本次公司对全资子公司长春智能提供担保基于实际业务发展需要，符合公司 及 ...

证券代码：600215 证券简称：派斯林 公告编号：临 2025-024 派斯林数字科技股份有限公司 重要内容提示： 被担保人名称：长春万丰智能工程有限公司（以下简称"长春智能"）， 为派斯林数字科技股份有限公司（以下简称"公司"）全资子公司。 本次担保金额及已实际为其提供的担保余额：本次担保金额 3,000 万元， 截至本公告披露日实际为其提供的担保余额 3,000 万元（含本次担保）。 特别风险提示：长春智能的资产负债率超过 70%，目前经营正常，敬请 投资者注意相关风险。 一、担保情况概述 1.担保基本情况 为满足经营发展需要，公司近日与兴业银行股份有限公司长春分行（以下简 称"兴业银行"）签订《最高额保证合同》，由公司为下属全资子公司长春智能在 兴业银行的最高 3,000 万元银行融资提供连带责任担保。 关于为全资子公司提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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法律责任。 2.履行的决策程序 公司分别于 2025 年 4 月 28 日召开第十一届董事会第二次会议、第十一届监 事会第二次会议、于 2025 年 ...

证券代码：600215 证券简称：派斯林 公告编号：临 2025-023 派斯林数字科技股份有限公司 关于控股股东增持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 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法律责任。 重要内容提示： ? 已披露增持计划情况：派斯林数字科技股份有限公司（以下简称"公司"） 控股股东万丰锦源控股集团有限公司（以下简称"万丰锦源"）基于对公司持续 发展的坚定信心及长期投资价值的认可，增强投资者信心，切实维护广大投资者 利益，计划在 2024 年 12 月 21 日起 12 个月内，以自有资金和银行股票增持专项 贷款通过上海证券交易所以集中竞价交易方式增持公司股份，计划增持金额不低 于人民币 5,000 万元、不高于人民币 10,000 万元。 ? 增持计划的实施结果：截至本公告披露日，万丰锦源以集中竞价交易方 式累计增持公司股份 6,812,900 股，占公司总股本的 1.47%，累计增持成交金额 增持计划完成后增持主 体（及其一致行动人） 29.46% 持股比例 （二）实际增持数量是否达到增持计划下限 ?是 ?否 截至本公告 ...

证券代码：600215 证券简称：派斯林 公告编号：临 2025-023 派斯林数字科技股份有限公司 关于控股股东增持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 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法律责任。 重要内容提示： 已披露增持计划情况：派斯林数字科技股份有限公司（以下简称"公司"） 控股股东万丰锦源控股集团有限公司（以下简称"万丰锦源"）基于对公司持续 发展的坚定信心及长期投资价值的认可，增强投资者信心，切实维护广大投资者 利益，计划在 2024 年 12 月 21 日起 12 个月内，以自有资金和银行股票增持专项 贷款通过上海证券交易所以集中竞价交易方式增持公司股份，计划增持金额不低 于人民币 5,000 万元、不高于人民币 10,000 万元。 增持计划的实施结果：截至本公告披露日，万丰锦源以集中竞价交易方 式累计增持公司股份 6,812,900 股，占公司总股本的 1.47%，累计增持成交金额 5,243.12 万元，本次增持计划实施完毕。 公司于 2025 年 6 月 3 日收到控股股东万丰锦源出具的《关于增持股份结果 的通知》 ...