Core Viewpoint - Hanma Technology (600375) reported significant growth in its financial performance for the first half of 2025, with total revenue increasing by 50.03% year-on-year and net profit rising by 118.18% [1] Financial Performance Summary - Total revenue reached 2.847 billion yuan, up from 1.898 billion yuan in the same period last year, reflecting a growth of 50.03% [1] - Net profit attributable to shareholders was 27.7283 million yuan, compared to a loss of 153 million yuan in the previous year, marking an increase of 118.18% [1] - Gross margin improved to 8.86%, a year-on-year increase of 122.7%, while net margin turned positive at 1.1%, up 112.74% [1] - The total of selling, administrative, and financial expenses was 153 million yuan, accounting for 5.37% of revenue, a decrease of 41.51% year-on-year [1] - Earnings per share rose to 0.02 yuan, compared to a loss of 0.23 yuan in the previous year, reflecting an increase of 108.7% [1] Cash Flow and Financial Position - Operating cash flow per share was 0.0 yuan, down 99.56% year-on-year [1] - Cash and cash equivalents increased to 1.023 billion yuan, a rise of 97.64% from 517 million yuan [1] - Interest-bearing debt decreased significantly by 55.77% to 1.538 billion yuan from 3.477 billion yuan [1] Changes in Key Financial Items - Accounts receivable decreased by 4.92% to 1.523 billion yuan [2] - Prepayments decreased by 33.4% due to reduced advance payments for purchases [2] - Other receivables fell by 58.69% due to bank deductions [2] - Contract liabilities decreased by 38.56% due to reduced advance payments [2] Operational Insights - The increase in revenue was attributed to higher product sales [2] - Operating costs rose by 42.4%, also linked to increased product sales [2] - Sales expenses decreased by 22.86% due to reduced employee compensation [3] - Financial expenses dropped by 35.46% due to lower interest expenses [3] Business Model and Investment Considerations - The company's performance is primarily driven by research and marketing efforts, necessitating a thorough examination of these underlying factors [4] - Historical data indicates a median Return on Invested Capital (ROIC) of -1.56% over the past decade, with a particularly poor performance in 2022 [3][4] - The company has experienced six years of losses since its listing, suggesting a cautious approach for potential investors [4]

Core Viewpoint - The article highlights the development of Ma'anshan Economic Development Zone in Anhui Province, focusing on industrial clustering, innovation-driven growth, and an improved business environment to achieve high-quality economic development [1][5]. Group 1: Industrial Development - Ma'anshan Economic Development Zone is concentrating on new energy vehicles and components, with a focus on "three smart" and "three electric" emerging industries, strengthening its main industries of equipment manufacturing, green food, and energy electronics [2]. - Hanma Technology, a leading company in the new energy commercial vehicle sector, reported a year-on-year increase in production and sales of new energy vehicles by 126.83% and 130.46%, respectively, with a significant export growth of 149% [2]. - The zone has attracted 222 industrial enterprises, including 4 listed companies, and signed 35 projects worth over 100 million yuan in the first seven months of the year [2]. Group 2: Innovation and Technology - Five companies from the Ma'anshan Economic Development Zone won awards in the 2023 Anhui Province Science and Technology Progress Awards, showcasing the integration of technological and industrial innovation [3]. - The zone has established 13 national-level innovation platforms and 83 provincial-level platforms, nurturing 182 high-tech enterprises [3]. - The development of digital and intelligent manufacturing is supported by the establishment of a national-level 5G factory and multiple provincial-level digital workshops and smart factories [3]. Group 3: Business Environment - The Ma'anshan Economic Development Zone has improved its business environment, attracting investments from companies like Xinyi Glass, which has launched two projects in the area [4]. - The "Jingxinban" service brand provides comprehensive support in finance, technology, and talent, addressing financing challenges for small and medium-sized enterprises [4]. - The zone has resolved over 400 enterprise-related issues this year through various initiatives, including meetings with foreign trade and private enterprise representatives [4].

证券日报网讯 8月20日晚间，汉马科技发布公告称，2025年半年度公司实现营业收入2，847，219， 045.04元，同比增长50.03%；归属于上市公司股东的净利润为27，728，253.03元。 （文章来源：证券日报） ...

2025年8月21日，汉马科技(600375.SH)发布2025年中报。 公司营业总收入为28.47亿元。归母净利润为2772.83万元。经营活动现金净流入为61.69万元，较去年同报告期经营活动现金净流入减少5707.26万元，同比较 去年同期下降98.93%。 公司最新资产负债率为56.67%，较上季度资产负债率增加1.18个百分点。 公司最新毛利率为8.86%。最新ROE为0.83%。 公司摊薄每股收益为0.02元。 公司最新总资产周转率为0.38次。最新存货周转率为3.67次。 公司股东户数为3.90万户，前十大股东持股数量为8.04亿股，占总股本比例为50.17%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | 1 | 浙江吉利远程新能源商用车集团有限公司 | 19.9: | | 2 | 汉马科技集团股份有限公司破产企业财产处置专用账户 | 5.67 | | 3 | 徽商银行股份有限公司 | 4.64 | | 4 | 广州广祺汉投资咨询中心(有限合伙) | 4.37 | | 5 | 中国银河资产管理有限责任公司 | 3.12 | | 6 | ...

公司最新毛利率为8.86%，较上季度毛利率增加0.11个百分点，实现2个季度连续上涨，较去年同期毛利 率增加4.88个百分点，实现3年连续上涨。最新ROE为0.83%。 公司摊薄每股收益为0.02元，较去年同报告期摊薄每股收益增加0.25元。 2025年8月21日，汉马科技(600375.SH)发布2025年中报。 公司营业总收入为28.47亿元，较去年同报告期营业总收入增加9.49亿元，实现2年连续上涨，同比较去 年同期上涨50.03%。归母净利润为2772.83万元，较去年同报告期归母净利润增加1.80亿元。经营活动 现金净流入为61.69万元。 公司最新资产负债率为56.67%，较去年同期资产负债率减少56.42个百分点。 公司最新总资产周转率为0.38次，较去年同期总资产周转率增加0.12次，实现3年连续上涨，同比较去年 同期上涨48.18%。最新存货周转率为3.67次，较去年同期存货周转率增加1.37次，实现3年连续上涨， 同比较去年同期上涨59.56%。 公司股东户数为3.90万户，前十大股东持股数量为8.04亿股，占总股本比例为50.17%，前十大股东持股 情况如下： | 序号 | 股东名称 | ...

公司代码：600375 公司简称：汉马科技 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到www.sse.com.cn网站仔细阅读半年度报告全文。 1.2本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、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。 1.3公司全体董事出席董事会会议。 1.4本半年度报告未经审计。 ■ 2.3前10名股东持股情况表 单位: 股 1.5董事会决议通过的本报告期利润分配预案或公积金转增股本预案 本报告期不进行利润分配及资本公积金转增股本。 第二节 公司基本情况 2.1公司简介 ■ 2.2主要财务数据 单位：元 币种：人民币 □适用 √不适用 2.6在半年度报告批准报出日存续的债券情况 □适用 √不适用 第三节 重要事项 公司应当根据重要性原则，说明报告期内公司经营情况的重大变化，以及报告期内发生的对公司经营情 况有重大影响和预计未来会有重大影响的事项 □适用 √不适用 ■ 2.4截至报告期末的优先股股东总数、前10名优先股股东情况表 □适用 ...

Group 1: Financial Performance Highlights - Muyuan Foods reported a revenue of 76.463 billion yuan for the first half of 2025, a year-on-year increase of 34.46%, and a net profit of 10.53 billion yuan, up 1169.77% [1] - Suotong Development achieved a revenue of approximately 8.31 billion yuan, a 28.28% increase year-on-year, with a net profit of approximately 523 million yuan, reflecting a growth of 1568.52% [1] - Hanma Technology reported a revenue of approximately 2.85 billion yuan, a 50.03% increase year-on-year, and a net profit of approximately 27.73 million yuan, turning from loss to profit [5] - Weicai Technology's revenue reached approximately 634 million yuan, up 47.53% year-on-year, with a net profit of approximately 101 million yuan, an increase of 831.03% [5] - Baiyun Airport reported a revenue of approximately 3.73 billion yuan, a 7.68% increase year-on-year, and a net profit of approximately 750 million yuan, up 71.32% [6] Group 2: Corporate Actions - Heng Rui Pharmaceutical plans to repurchase shares with a total investment of between 1 billion to 2 billion yuan, with a maximum repurchase price of 90.85 yuan per share [2] - Tianwei Foods is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its international strategy and optimize its capital structure [3] - Juran Smart Home elected Wang Ning as the chairman of the board and appointed him as CEO, effective immediately [11]

本报记者 徐一鸣 8月20日晚间，汉马科技集团股份有限公司（以下简称"汉马科技"）发布2025年上半年业绩报告。报告期内，公司实现营 业收入28.47亿元，较去年同期增长50.03%；实现归属于上市公司股东的净利润为2772.83万元，较上年同期扭亏为盈。 销量增长是汉马科技业绩提升的重要驱动力。公司今年上半年累计销售货车6225辆，较上年同期上涨55.47%。其中，公司 期间累计销售电动重卡4434辆，较去年同期增长130.46%。 此外，公司累计销售醇氢动力系统1698台，较去年同期增长1.43%。 值得一提的是，汉马科技在海外市场同样取得了突破。今年上半年，公司整车出口同比实现增长，展现了其在国际市场的 竞争力。 前海开源基金首席经济学家杨德龙对《证券日报》记者表示，汉马科技业绩的提升，主要得益于公司对产品品质、性能的 不断提升及对海外市场的战略布局。随着"一带一路"倡议的深入推进，公司有望在海外市场获得更多发展机遇。 除了商用车销量增长以外，汉马科技对成本的有效控制也是净利润扭亏为盈的重要因素之一。 从行业趋势看，商用车市场正处于快速变革期，以新能源为代表的卡车、货车正成为各大车企布局的重点。 汉马科 ...

| | | | 单位:元 币种:人民币 | | --- | --- | --- | --- | | 主要会计数据 | 本报告期 | 上年同期 | 本报告期比上年 | | | (1-6月) | | 同期增减(%) | | 营业收入 | 2,847,219,045.04 | 1.897.721.288.97 | 50.03 | | 利润息额 | 31.420.698.99 | -164.380.514.85 | 不适用 | | 归属于上市公司股东的净利润 | 27.728.253.03 | -152.527.686.80 | 不适用 | | 归属于上市公司股东的扣除非经常性 | -28.174.877.59 | -195.682.056.35 | 不适用 | | 损益的净利润 | | | | | 经营活动产生的现金流量净额 | 616.939.60 | 57.689.536.32 | -98.93 | | | 本报告期末 | 上年度末 | 本报告期末比上 | | | | | 年度末增减(%) | | 归属于上市公司股东的净资产 | 3.326.303.738.21 | 3.298.382.017.76 | 0.8 ...

Group 1 - Weicai Technology achieved a net profit of 101 million yuan in the first half of 2025, a year-on-year increase of 831.03% [1] - The company reported an operating income of 634 million yuan, up 47.53% year-on-year, with a basic earnings per share of 0.68 yuan [1] - Weicai Technology specializes in wafer testing, chip finished product testing, and related integrated circuit testing services [1] Group 2 - Changhua Group received a project development notification from a domestic automotive company, with an expected total sales amount of approximately 190 million yuan over an 8-year lifecycle [2] - The project is set to begin mass production in the third quarter of 2026 [2] - Changhua Group focuses on the research, production, and sales of automotive metal components [2][3] Group 3 - Junhe Co. reported a net profit of 30.99 million yuan in the first half of 2025, a year-on-year decrease of 19.53% [3] - The company achieved an operating income of 578 million yuan, up 5.53% year-on-year, with a basic earnings per share of 0.08 yuan [3][4] - Junhe Co. specializes in the research, design, manufacturing, and sales of household water pumps and their accessories [4] Group 4 - Tonghua Jinma reported a net profit of 16.80 million yuan in the first half of 2025, a year-on-year increase of 34.77% [5] - The company achieved an operating income of 650 million yuan, a slight increase of 0.12% year-on-year, with a basic earnings per share of 0.0174 yuan [5] - Tonghua Jinma focuses on the research, production, and sales of pharmaceutical products [5][6] Group 5 - Xing Shuai reported a net profit of 122 million yuan in the first half of 2025, a year-on-year increase of 31.79% [8] - The company achieved an operating income of 1.132 billion yuan, up 8.59% year-on-year, with a basic earnings per share of 0.37 yuan [8] - Xing Shuai specializes in the research, production, and sales of various types of refrigeration compressor thermal protectors, starters, and temperature controllers [8] Group 6 - Ice Wheel Environment reported a net profit of 266 million yuan in the first half of 2025, a year-on-year decrease of 19.71% [9] - The company achieved an operating income of 3.118 billion yuan, down 6.92% year-on-year, with a basic earnings per share of 0.27 yuan [9] - Ice Wheel Environment focuses on the research, design, and sales of artificial environment control technology and energy comprehensive utilization technology [9][10] Group 7 - Jiangsu Huachen reported a net profit of 47.27 million yuan in the first half of 2025, a year-on-year increase of 18.37% [18] - The company achieved an operating income of 938 million yuan, up 40.46% year-on-year, with a basic earnings per share of 0.2901 yuan [18] - Jiangsu Huachen specializes in the research, production, and sales of energy-saving transformers and smart electrical equipment [18] Group 8 - Hanma Technology reported a net profit of 27.73 million yuan in the first half of 2025, reversing from a loss of 153 million yuan in the same period last year [18] - The company achieved an operating income of 2.847 billion yuan, a year-on-year increase of 50.03% [18] - Hanma Technology focuses on the production, research, and sales of heavy trucks, special vehicles, and automotive components [18] Group 9 - Tianyue Advanced announced the listing of its H-shares on the Hong Kong Stock Exchange, raising approximately 1.938 billion HKD [19] - The global offering consisted of 47.7457 million shares, with a price of 42.80 HKD per share [19] - Tianyue Advanced specializes in the research, production, and sales of silicon carbide semiconductor materials [19][20] Group 10 - Kesi Technology signed a sales framework contract worth up to 401 million yuan with Beijing Tianyuan Innovation Technology Co., Ltd. [21] - The contract is valid for two years and involves a comprehensive information integration service project [21] - Kesi Technology focuses on the research, development, manufacturing, and sales of electronic information equipment [21][22]