Core Viewpoint - Changjiang Communication (600345) reported mixed financial results for the first half of 2025, with revenue growth but significant declines in net profit and cash flow metrics [1] Financial Performance - Total revenue for the first half of 2025 reached 290 million yuan, a year-on-year increase of 6.04% compared to 274 million yuan in 2024 [1] - The net profit attributable to shareholders was -5.11 million yuan, a decline of 120.69% from a profit of 24.71 million yuan in the previous year [1] - In Q2 2025, total revenue was 222 million yuan, up 6.29% year-on-year, while net profit was 8.67 million yuan, down 83.33% [1] Profitability Metrics - Gross margin improved to 27.73%, an increase of 2.21% year-on-year, while net margin fell to -1.76%, a decrease of 119.51% [1] - The total of selling, administrative, and financial expenses was 65.32 million yuan, accounting for 22.52% of revenue, down 3.85% year-on-year [1] Cash Flow and Debt - Operating cash flow per share was -0.61 yuan, a decrease of 15.61% year-on-year, indicating cash flow challenges [1] - The company’s accounts receivable increased by 24.99% to 719 million yuan, representing 421.52% of the latest annual net profit [1] Investment Returns - The company's return on invested capital (ROIC) was 4.45%, indicating weak capital returns, with a historical median ROIC of 5.06% over the past decade [3] - The net profit margin for the previous year was 18.48%, suggesting high value-added products or services despite overall weak investment returns [3] Market Position - The largest fund holding Changjiang Communication is the NuAn YiXin Flexible Allocation Mixed A Fund, which has recently increased its position [4] - The fund's current scale is 44 million yuan, with a recent net value increase of 5.48% and a 69.73% rise over the past year [4]

Core Viewpoint - Changjiang Communication (600345) announced that its wholly-owned subsidiary, Dias, won bids for two projects related to "portable remote medical consultation boxes" and "user terminal site renovation and upgrade" with a total bid amount of 128 million yuan [1] Group 1 - The total bid amount for the two projects is 128 million yuan [1] - The projects were organized by a military procurement service station [1] - The company stated that the related matters have not reached the legal disclosure standards [1]

公司最新毛利率为27.73%，在已披露的同业公司中排名第35，较上季度毛利率增加15.65个百分点，较 去年同期毛利率增加0.60个百分点，实现2年连续上涨。最新ROE为-0.15%，在已披露的同业公司中排 名第49，较去年同期ROE减少0.87个百分点。 公司摊薄每股收益为-0.02元，在已披露的同业公司中排名第49，较去年同报告期摊薄每股收益减少0.09 元，同比较去年同期下降128.57%。 公司最新总资产周转率为0.06次，在已披露的同业公司中排名第66，较去年同期总资产周转率持平，实 现2年连续上涨，同比较去年同期上涨2.26%。最新存货周转率为0.69次，在已披露的同业公司中排名第 56，较去年同期存货周转率增加0.05次，实现2年连续上涨，同比较去年同期上涨7.52%。 2025年8月28日，长江通信(600345.SH)发布2025年中报。 公司营业总收入为2.90亿元，在已披露的同业公司中排名第53，较去年同报告期营业总收入增加1652.10 万元，实现5年连续上涨，同比较去年同期上涨6.04%。归母净利润为-511.16万元，在已披露的同业公 司中排名第49，较去年同报告期归母净利润减少2 ...

证券之星消息，长江通信2025年中报显示，公司主营收入2.9亿元，同比上升6.04%；归母净利润-511.16 万元，同比下降120.69%；扣非净利润-3255.7万元，同比下降80.23%；其中2025年第二季度，公司单季 度主营收入2.22亿元，同比上升6.29%；单季度归母净利润867.12万元，同比下降83.33%；单季度扣非 净利润-138.81万元，同比下降108.56%；负债率22.81%，投资收益4813.54万元，财务费用-501.63万 元，毛利率27.73%。 护城河 成长性 利能力 2023 2024 2025 ■ 营业总收入-中报(亿) ■ 单季度营业总收入-第二季度(亿) 一 归母净利润 一 归母净利润-中报(万) -511.16 同比 -120.68% 单季度归母净利润-第二季度(万) 867.12 同比 -83.33% 5202.56 5081.06 5261.29 2471.07 867.12 -511.16 2023 2024 2025 ■ 归母净利润-中报(万) ■ 单季度归母净利润-第二季度(万) 一 扣非净利润 一 扣非净利润-中报(万) -3255.70 同比 - ...

一、审议并通过了《2025 年上半年经营工作报告》 表决结果：赞成 11 票，反对 0 票，弃权 0 票。 二、审议并通过了《2025 年上半年财务工作报告》 表决结果：赞成 11 票，反对 0 票，弃权 0 票。 三、审议并通过了《2025 年半年度报告》全文及摘要,全文详见 上海证券交易所网站 www.sse.com.cn。 股票代码：600345 股票简称：长江通信 公告编号：2025-026 武汉长江通信产业集团股份有限公司 第十届董事会第八次会议决议公告 本公司董事会及全体董事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。 武汉长江通信产业集团股份有限公司（以下简称"公司")第十 届董事会第八次会议于 2025 年 8 月 27 日上午十点以现场结合通讯方 式召开。会议通知及会议材料于 2025 年 8 月 15 日以电子邮件方式发 送至各位董事、监事及高级管理人员。会议应出席董事 11 人，实际 出席 11 人，全体监事和公司高管人员列席了会议。本次会议的召开 程序符合《公司法》和《公司章程》等规定。会议由公司董事长邱祥 平先生主持，经 ...

Core Viewpoint - The company plans to use its own funds to pay for investment projects and will replace these funds with raised capital within six months, ensuring compliance with regulatory requirements and maintaining operational efficiency [1][5][7]. Summary by Sections 1. Basic Situation of Raised Funds - The company raised a total of RMB 649,999,990.52 by issuing 51,505,546 shares at a price of RMB 12.62 per share, with a net amount of RMB 643,574,544.72 after deducting issuance costs [1]. 2. Investment Projects - The raised funds will be allocated to two main projects: - Smart Emergency Command Product Upgrade and Industrialization Project - Next-Generation Smart Emergency Digital Transformation Key Technology Research Project - The total investment for these projects is adjusted to RMB 64,357.45 million [2]. 3. Reasons for Using Own Funds - The company faces challenges in directly using raised funds for certain payments, such as employee salaries, due to regulatory requirements. Therefore, it will use its own funds initially and replace them with raised funds later [3][4]. 4. Specific Process for Fund Replacement - The company will implement a structured process for using its own funds and replacing them with raised funds within six months, ensuring compliance and efficiency in fund management [4][5]. 5. Impact on Company Operations - This approach is expected to enhance fund utilization efficiency, reduce financial costs, and improve overall operational management without affecting the normal implementation of investment projects [5][6]. 6. Approval Procedures - The board of directors and the supervisory board have approved the use of own funds for project payments and the subsequent replacement with raised funds, confirming adherence to regulatory guidelines [6][7]. 7. Independent Financial Advisor Opinion - The independent financial advisor has reviewed the process and found it compliant with relevant regulations, supporting the company's approach to fund management [7][8].

Core Viewpoint - Wuhan Yangtze Communications Industry Group Co., Ltd. reported a decline in net profit for the first half of 2025, primarily due to reduced investment income from associates and increased R&D expenses [2][7][8]. Company Overview and Financial Indicators - The company achieved operating revenue of approximately 290 million yuan, representing a year-on-year increase of 6.04% [2][11]. - The total profit for the period was approximately -6.32 million yuan, compared to a profit of 25.86 million yuan in the same period last year [2][11]. - The net profit attributable to shareholders was approximately -5.11 million yuan, down from 24.71 million yuan year-on-year [2][11]. - The company's net assets at the end of the reporting period were approximately 3.48 billion yuan, a decrease of 1.63% from the previous year [2][11]. Business Analysis - The company focuses on the information technology service industry, particularly in the smart emergency sector, serving over a thousand clients in emergency communication and command [6][8]. - The company has developed a range of digital capabilities based on new generation information technologies, including integrated communication, big data, artificial intelligence, and IoT [6][8]. - The company has successfully expanded its market presence in various regions, securing significant contracts in public security and smart city projects [8][14]. R&D and Innovation - The company has increased its R&D investment, resulting in the approval of multiple patents and software copyrights, enhancing its innovation capabilities [9][15]. - The company aims to integrate new technologies such as AI and big data into its products and services, which is expected to drive future growth [6][15]. Market Opportunities - The smart city construction and emergency management sectors are experiencing significant growth, driven by government initiatives and increasing public safety demands [6][8]. - The company is well-positioned to capitalize on these trends, with a focus on enhancing its service offerings and expanding its market reach [6][8]. Financial Performance - The company's operating costs increased by 5.17% year-on-year, primarily due to the rise in operating revenue [11]. - R&D expenses rose by 21.95%, reflecting the company's commitment to innovation and product development [11]. - The company reported a negative cash flow from operating activities of approximately -200.69 million yuan, indicating challenges in cash generation [11].

| 武汉长江通信产业集团股份有限公司2025 | | 年半年度报告摘要 | | | | --- | --- | --- | --- | --- | | 公司代码：600345 | 公司简称：长江通信 | | | | | 武汉长江通信产业集团股份有限公司 | | | | | | 武汉长江通信产业集团股份有限公司2025 | 年半年度报告摘要 | | | | | 第一节 | 重要提示 | | | | | 展规划，投资者应当到 | www.sse.com.cn 网站仔细阅读半年度报告全文。 | | | | | 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | | 无。 | | | | | | 第二节 | 公司基本情况 | | | | | 公司股票简况 | | | | | | 股票种类 | 股票上市交易所 股票简称 | 股票代码 | | 变更前股票 | | 简称 | | | | | | A股 上交所 | 长江通信 600345 | | - | | | 联系人和联系方式 | 董事会秘书 | 证券事务代表 | | | | 姓名 梅勇 | 张希青 | | | | | 电话 | ...

Core Points - The company held the sixth meeting of the tenth supervisory board on August 27, 2025, where all three attending supervisors approved the resolutions presented [1][2] - The supervisory board reviewed and approved the 2025 semi-annual report, confirming that the report's preparation and review processes complied with relevant laws and internal regulations [2][3] - The supervisory board ensured that the information disclosed in the semi-annual report is true, accurate, and complete, with no violations of confidentiality found among the personnel involved in its preparation [2][3] Summary by Sections - **Semi-Annual Report Approval** - The supervisory board unanimously approved the 2025 semi-annual report, confirming compliance with legal and regulatory requirements [2][3] - The report accurately reflects the company's operational and financial status for the first half of 2025 [2] - **Related Party Transactions** - The board approved a proposal to increase the estimated amount for daily related party transactions for 2025, with one related supervisor abstaining from the vote [2][3] - **Funding for Investment Projects** - The board approved a proposal to use self-owned funds for investment projects and to replace these with raised funds [3] - A special report on the storage and actual use of raised funds for the first half of 2025 was also approved [3]

Meeting Information - The first extraordinary general meeting of shareholders for 2025 will be held on September 12, 2025, at 13:30 [1] - The meeting will take place at the company's conference room located at No. 2 Wenhua Road, East Lake Development Zone, Wuhan [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's voting system [1] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system from 9:15 to 15:00 on the day of the meeting [1][2] - Specific voting times through the trading system are from 9:15-9:25, 9:30-11:30, and 13:00-15:00 [1] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3][4] Agenda Items - The meeting will review proposals that have already been approved by the company's board of directors [2] - Related parties, such as China Information Communication Technology Group Co., Ltd., are required to abstain from voting [2] Attendance and Registration - Shareholders registered by the close of business on September 5, 2025, are eligible to attend the meeting [4] - Proxy representatives can attend the meeting on behalf of shareholders, provided they have the necessary documentation [5] Contact Information - For inquiries, shareholders can contact Chen Xu at 027-67840308 [5]