证券代码：600379 证券简称：宝光股份 编号：2025-025 陕西宝光真空电器股份有限公司 关于调整 2025 年度日常关联交易预计额度的公告 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。 重要内容提示： 本次《关于调整2025年度日常关联交易预计额度的议案》尚需提交公司股东 大会审议； 本次调整2025年度日常关联交易预计额度为日常生产经营需要，系公司正常 商业行为，定价公允，有利于公司持续发展和稳定经营，提升盈利能力和竞争力，不 存在损害公司和中小股东利益的情形，且不影响公司的独立性。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 陕西宝光真空电器股份有限公司（以下简称"公司"）第八届董事会第八次会议 于 2025 年 8 月 19 日召开，会议审议并通过《关于调整 2025 年度日常关联交易预计 额度的议案》，审议该议案时关联董事谢洪涛先生、刘壮先生回避表决，由出席会议 的非关联董事一致审议通过。该议案尚需提交公司股东大会审议，关联股东将在股东 大会上对本议案回避表决。 公司召开独立董事专门会议 2 ...

监事会认为：1.本次报告的编制和审议程序符合法律、法规、公司章程和公司内 部管理制度的规定；2.本次报告的内容和格式符合中国证监会和上海证券交易所的规 定，所包含的信息能真实地反映出公司当期的经营管理和财务状况等事项；3.未发现 参与本次报告编制和审议的人员有违反信息披露规则的行为。具体内容详见上海证券 交易所网站（www.sse.com.cn）。 表决结果：3 票同意，0 票反对，0 票弃权 二、审议通过《公司 2025 年半年度利润分配方案的议案》 监事会认为：公司董事会制定的 2025 年半年度利润分配方案符合公司 2024 年年 度股东大会对董事会关于 2025 年中期现金分红事项的授权，并充分考虑了公司的生 产经营、现金流状态及资金需求等因素，与公司实际经营业绩匹配，与公司发展规划 相符，符合公司及全体股东的利益，不存在损害中小股东利益的情形，有利于公司高 质量可持续发展。具体内容详见同日披露的《公司 2025 年半年度利润分配方案的公 告》（2025-024 号）。 表决结果：3 票同意，0 票反对，0 票弃权 特此公告。 证券代码：600379 证券简称：宝光股份 编号： 2025-027 陕西 ...

证券代码：600379 证券简称：宝光股份 编号：2025-023 同意公司 2025 年半年度利润分配方案：向全体股东每 10 股派发现金红利 0.3381 元（含税），以 2025 年 6 月末公司总股本 330,201,564 股计算，合计拟派发现金红利 11,164,114.88 元（含税）。现金分红金额占 2025 年半年度未经审计合并报表中归属 于上市公司股东的净利润的比例为 30%。本次分配不派发红股，也不进行资本公积转 增股本。如在本次利润分配方案披露之日起至实施权益分派股权登记日期间，公司总 股本发生变动，公司拟维持分配总额不变，相应调整每股分配比例。2025 年半年度利 润分配方案符合公司 2024 年年度股东大会对董事会关于 2025 年中期现金分红事项的 授权，现金分红的条件和标准符合 2024 年年度股东大会的授权条件及《公司未来三 年股东回报规划（2024-2026 年）》。 本次利润分配方案已经公司第八届董事会战略与 ESG 委员会第五次会议审议通 过，本次董事会审议通过后方可实施。具体内容详见同日披露的《公司 2025 年半年 度利润分配方案的公告》（2025-024 号）。 ...

证券代码：600379 证券简称：宝光股份 公告编号：2025-024 陕西宝光真空电器股份有限公司 2025年半年度利润分配方案的公告 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。 重要内容提示： 2025 年半年度以实施权益分派股权登记日登记的总股本为基数分配利润，向全体 股东每 10 股派发现金红利 0.3381 元（含税）。截至目前，公司总股本 330,201,564 股，以此计算合计派发现金红利 11,164,114.88 元（含税）。现金分红数额占 2025 年半年度未经审计合并报表中归属于上市公司股东净利润的比例为 30.00%。本次分配 不派发红股，也不进行资本公积转增股本。 每股分配比例：每股派发现金红利 0.03381 元(含税)。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期将 在权益分派实施公告中明确。 在实施权益分派的股权登记日前陕西宝光真空电器股份有限公司（以下简称 "公司"）总股本发生变动的，维持分配总额不变，相应调整每股分配金额，并将另 行公告具体调整情况。 公司 2025 ...

（文章来源：每日经济新闻） 宝光股份（SH 600379，收盘价：13.26元）8月20日晚间发布半年度业绩报告称，2025年上半年营业收 入约6.39亿元，同比减少24.71%；归属于上市公司股东的净利润约3721万元，同比减少18.98%；基本每 股收益0.1127元，同比减少18.98%。 ...

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This unaudited report proposes a semi-annual cash dividend of 0.3381 Yuan per 10 shares, representing 30% of net profit, and contains forward-looking statements - This semi-annual report is unaudited[5](index=5&type=chunk) - The company plans to distribute a cash dividend of **0.3381 Yuan (tax inclusive) per 10 shares** to all shareholders, totaling **11,164,114.88 Yuan (tax inclusive)**[6](index=6&type=chunk) - The cash dividend amount represents **30%** of the unaudited consolidated net profit attributable to shareholders of the listed company for the first half of 2025[6](index=6&type=chunk) - Forward-looking statements regarding future plans and development strategies in this report do not constitute a substantial commitment to investors, who are advised to be aware of investment risks[7](index=7&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section provides definitions and explanations for key terms used throughout the report to ensure clarity and accuracy [Section II Company Profile and Key Financial Indicators](index=4&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides company information, stock overview, and key financial indicators for H1 2025, showing decreased revenue and net profit but improved operating cash flow [I. Company Information](index=4&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section details the company's full name, abbreviation, and legal representative Company Basic Information | Company's Chinese Name | Shaanxi Baoguang Vacuum Electric Device Co., Ltd. | | :--- | :--- | | Company's Chinese Abbreviation | Baoguang Co., Ltd. | | Company's Legal Representative | Xie Hongtao | [II. Contact Persons and Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the Board Secretary and Securities Affairs Representative Contact Information | | Board Secretary | Securities Affairs Representative | | :--- | :--- | :--- | | Name | Zhang Hongyu | Li Guoqiang | | Contact Address | No. 53 Baoguang Road, Weibin District, Baoji City, Shaanxi Province | No. 53 Baoguang Road, Weibin District, Baoji City, Shaanxi Province | | Phone | 0917-3561512 | 0917-3561512 | | Email | office@baoguang.com.cn | office@baoguang.com.cn | [III. Brief Introduction to Changes in Basic Information](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5%E5%8F%98%E6%9B%B4%E7%AE%80%E4%BB%8B) The company's registered and office addresses remain unchanged at No. 53 Baoguang Road, Baoji City Company Address Information | Company Registered Address | No. 53 Baoguang Road, Weibin District, Baoji City, Shaanxi Province | | :--- | :--- | | Historical Changes to Company Registered Address | Not Applicable | | Company Office Address | No. 53 Baoguang Road, Weibin District, Baoji City, Shaanxi Province | [IV. Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=4&type=section&id=%E5%9B%9B%E3%80%81%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%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) The semi-annual report is published on the SSE website and stored at the Board of Directors Office, with no changes Information Disclosure and Storage Locations | Website Address for Semi-Annual Report | Shanghai Stock Exchange www.sse.com.cn | | :--- | :--- | | Company Semi-Annual Report Storage Location | Shaanxi Baoguang Vacuum Electric Device Co., Ltd. Board of Directors Office | | Index for Changes During Reporting Period | Not Applicable | [V. Company Stock Overview](index=5&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E7%AE%80%E5%86%B5) The company's A-shares are listed on the Shanghai Stock Exchange under the abbreviation 'Baoguang Co., Ltd.' (stock code 600379) Company Stock Information | Stock Type | Stock Exchange | Stock Abbreviation | Stock Code | Previous Stock Abbreviation | | :--- | :--- | :--- | :--- | :--- | | A-shares | Shanghai Stock Exchange | Baoguang Co., Ltd. | 600379 | Not Applicable | [VII. Company's Key Accounting Data and Financial Indicators](index=5&type=section&id=%E4%B8%83%E3%80%81%E5%85%AC%E5%8F%B8%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) H1 2025 saw a 24.71% YoY revenue decrease and 18.98% net profit decrease, but operating cash flow improved by 35.93% [1. Key Accounting Data](index=5&type=section&id=%28%E4%B8%80%29%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE) Operating revenue, total profit, and net profit decreased YoY, but operating cash flow improved Key Accounting Data (Jan-Jun) | Item Name | Current Period (Jan-Jun) (Yuan) | Prior Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 639,098,663.74 | 848,894,137.85 | -24.71 | | Total Profit | 43,957,810.74 | 51,786,097.86 | -15.12 | | Net Profit Attributable to Shareholders of Listed Company | 37,212,894.15 | 45,930,366.53 | -18.98 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 35,777,116.80 | 44,696,364.69 | -19.96 | | Net Cash Flow from Operating Activities | -34,684,060.71 | -54,134,096.33 | Not Applicable | | Net Assets Attributable to Shareholders of Listed Company | 774,099,809.22 | 752,322,529.92 | 2.89 | | Total Assets | 1,809,897,640.60 | 1,764,158,401.90 | 2.59 | [2. Key Financial Indicators](index=5&type=section&id=%28%E4%BA%8C%29%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Basic and diluted EPS decreased by approximately 19% YoY, with weighted average ROE down 1.5 percentage points Key Financial Indicators (Jan-Jun) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic EPS (Yuan/share) | 0.1127 | 0.1391 | -18.98 | | Diluted EPS (Yuan/share) | 0.1127 | 0.1391 | -18.98 | | Basic EPS (Excluding Non-Recurring Items) (Yuan/share) | 0.1083 | 0.1354 | -20.01 | | Weighted Average ROE (%) | 4.8758 | 6.4029 | Decreased by 1.5271 percentage points | | Weighted Average ROE (Excluding Non-Recurring Items) (%) | 4.6877 | 6.2308 | Decreased by 1.5431 percentage points | - Net cash flow from operating activities increased by **35.93%** YoY, primarily due to increased cash collection during the period[22](index=22&type=chunk) [IX. Non-Recurring Gains and Losses and Amounts](index=6&type=section&id=%E4%B9%9D%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Total non-recurring gains and losses were 1,435,777.35 Yuan, primarily from government subsidies and non-current asset disposals Non-Recurring Gains and Losses | Non-Recurring Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -155,501.01 | | Government Subsidies Included in Current Profit/Loss | 1,976,360.86 | | Other Non-Operating Income and Expenses Apart from the Above | 68,635.63 | | Less: Income Tax Impact | 292,226.90 | | Minority Interest Impact (After Tax) | 161,491.23 | | Total | 1,435,777.35 | [XI. Other](index=7&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E5%85%B6%E4%BB%96) Accounts receivable financing decreased by 80,208,368.10 Yuan to 99,773,227.29 Yuan, with no impact on current profit Fair Value Measurement Items | Item Name | Beginning Balance (Yuan) | Ending Balance (Yuan) | Current Period Change (Yuan) | Impact on Current Period Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable Financing | 179,981,595.39 | 99,773,227.29 | -80,208,368.10 | 0.00 | | Total | 179,981,595.39 | 99,773,227.29 | -80,208,368.10 | 0.00 | [Section III Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section analyzes industry trends, business operations, and core competitiveness, addressing market challenges and highlighting strategic advancements [I. Industry and Main Business Overview During the Reporting Period](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company operates in the power equipment industry, facing market competition and rising raw material costs, while expanding into new energy sectors [1. Industry Development During the Reporting Period](index=7&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%91%E5%B1%95%E6%83%85%E5%86%B5) H1 2025 saw power grid investment exceed 270 billion Yuan, but market competition intensified, and copper and silver prices rose significantly - In H1 2025, State Grid completed fixed asset investment exceeding **270 billion Yuan**, a **11.7%** YoY increase, setting a new historical high for the same period[30](index=30&type=chunk) - In 2025, State Grid committed to annual power grid investment exceeding **650 billion Yuan**, with distribution network investment accounting for over **60%**[30](index=30&type=chunk) - In H1 2025, LME copper price reached **9878 USD/ton**, a **12.49%** increase year-to-date; international silver price rose from **22 USD/ounce to 28.5 USD/ounce**, a **29.5%** increase[31](index=31&type=chunk) [2. Company's Main Business, Products, Uses, and Market Position](index=7&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E3%80%81%E4%B8%BB%E8%A6%81%E4%BA%A7%E5%93%81%E5%8F%8A%E5%85%B6%E7%94%A8%E9%80%94%E3%80%81%E5%B8%82%E5%9C%BA%E5%9C%B0%E4%BD%8D) Core businesses are power equipment and new energy, with vacuum interrupters achieving domestic substitution and hydrogen energy revenue growing by 49.11% - The company's main product, vacuum interrupters, covers voltage levels from **0.38kV to 252kV**, widely used in power generation, transmission, distribution, and industrial enterprises[32](index=32&type=chunk) - Baoguang-brand vacuum interrupters have achieved domestic substitution and reached international leading levels in high-speed rail, UHV converter transformer on-load tap changers, and pumped-storage power generation motor vacuum circuit breakers[32](index=32&type=chunk) - Subsidiary Baoguang Zhizhong's energy storage segment, centered on the **EMS energy management system**, provides auxiliary power services and industrial/commercial energy storage solutions[34](index=34&type=chunk) - Subsidiary Baoguang Lianyue's hydrogen energy segment's operating revenue increased by **49.11%** YoY[34](index=34&type=chunk) [3. Company's Main Operating Model](index=8&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F) The company operates as the world's largest vacuum interrupter producer, expands metallized ceramics into new sectors, and focuses on EMS software and hydrogen production - Baoguang-brand vacuum interrupter products are sold in over **40 countries and regions** globally, consistently ranking as the world's largest production and sales base for vacuum interrupters for many years[35](index=35&type=chunk) - Metallized ceramic business has expanded into medical, military, and high-end semiconductor fields, breaking foreign technological monopolies[35](index=35&type=chunk) - Energy storage business, centered on **EMS software**, sells system software and invests in and operates various power storage assets, providing auxiliary power services such as frequency regulation, voltage regulation, peak shaving, and backup[36](index=36&type=chunk) [4. Main Performance Drivers](index=8&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%E4%B8%BB%E8%A6%81%E7%9A%84%E4%B8%9A%E7%BB%A9%E9%A9%B1%E5%8A%A8%E5%9B%A0%E7%B4%A0) Performance was affected by rising raw material costs and market competition, but new market entry for ceramics and energy storage transformation improved quality - Significant increases in raw material precious metals, **copper and silver**, led to lower gross margins for main products[37](index=37&type=chunk) - Intense competition in the distribution network market, with increased price competition in bidding, transferred price pressure to suppliers[37](index=37&type=chunk) - Metallized ceramic business advanced into medical, military, and high-end semiconductor fields, laying the foundation for expansion into 'high-precision and sophisticated' application areas[38](index=38&type=chunk) - Energy storage business transformation shifted focus away from low-margin energy storage equipment integration, now concentrating on **EMS software sales** and frequency regulation services, leading to improved profitability[38](index=38&type=chunk) [II. Discussion and Analysis of Operating Performance](index=9&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) Operations remained stable with increased sales, but gross margin declined due to market factors, while core competitiveness was enhanced through strategic initiatives [1. Analysis of Company's Operating Performance During the Reporting Period](index=9&type=section&id=1.%E5%85%AC%E5%8F%B8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E5%88%86%E6%9E%90) H1 operating revenue decreased by 24.71% to 639 million Yuan, and net profit by 18.98% to 37.2129 million Yuan, due to business adjustments and cost pressures - During the reporting period, the company achieved operating revenue of **639 million Yuan**, a **24.71%** YoY decrease; total profit of **43.9578 million Yuan**, a **15.12%** YoY decrease; and net profit attributable to shareholders of **37.2129 million Yuan**, an **18.98%** YoY decrease[38](index=38&type=chunk) - The company proactively adjusted its energy storage development strategy, no longer prioritizing energy storage system integration, which led to a **95%** YoY decrease in energy storage business revenue and consequently impacted overall operating revenue[38](index=38&type=chunk) - Facing the dual challenges of product price reductions and rising costs, the company actively promoted technological innovation and cost reduction, achieving a **68%** YoY increase in sales revenue for vacuum interrupters used in rail transit, on-load tap changers for converter transformers, and high-voltage products[39](index=39&type=chunk) [2. Coordinated Development of Core Businesses, Significant Optimization of Revenue Structure](index=9&type=section&id=2.%E6%A0%B8%E5%BF%83%E4%B8%9A%E5%8A%A1%E5%8D%8F%E5%90%8C%E5%8F%91%E5%B1%95%EF%BC%8C%E6%94%B6%E5%85%A5%E7%BB%93%E6%9E%84%E4%BC%98%E5%8C%96%E6%98%8E%E6%98%BE) Acquisition of Kaiser Technology boosted vacuum interrupter sales by 18% and revenue by 24%, core technical products grew by 68%, and hydrogen energy revenue increased by 49.11% - Following the acquisition of **51.16%** equity in Kaiser Technology, its vacuum interrupter sales volume increased by **18%** YoY, and sales revenue increased by **24%** YoY[40](index=40&type=chunk) - Sales revenue for core technical products such as vacuum interrupters for rail transit, on-load tap changers, and high-voltage vacuum interrupters significantly increased by **68%** YoY[40](index=40&type=chunk) - High-voltage interrupters successfully entered potential markets in Europe and America, and vacuum interrupter sales in the South Asian market **doubled**[40](index=40&type=chunk) - Subsidiary Lianyue Hydrogen Energy's business revenue increased by **49.11%** YoY[40](index=40&type=chunk) [3. Abundant R&D Achievements, Significantly Enhanced Core Competitiveness](index=9&type=section&id=3.%E6%8A%80%E6%9C%AF%E7%A0%94%E5%8F%91%E6%88%90%E6%9E%9C%E4%B8%B0%E7%A1%95%EF%BC%8C%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E6%98%BE%E8%91%97%E5%A2%9E%E5%BC%BA) R&D progressed on 252kV and 550kV vacuum interrupters, setting a new domestic record with TD□1-126/3150-40B type, and achieving international leading levels - R&D for **252kV vacuum interrupters** is progressing smoothly, with type testing nearing completion; **550kV 1/2-pole vacuum interrupters** have been successfully declared and officially launched[41](index=41&type=chunk) - The company's **TD□1-126/3150-40B type vacuum interrupter** successfully passed type testing, setting a new domestic record with **21 full-capacity interruptions**, reaching international leading levels[41](index=41&type=chunk) - Three types of **40.5-72.5kV eco-friendly gas-insulated metal-enclosed switchgear vacuum interrupters** developed passed type testing and national technical appraisal, reaching international leading levels[42](index=42&type=chunk) - The first domestic **CHVT type on-load tap changer for converter transformers**, utilizing the company's self-developed **BGH7110 type vacuum interrupter**, was successfully put into batch operation in the 'Longdong to Shandong ±800kV UHV DC Transmission Project'[42](index=42&type=chunk) [4. Continuous Deepening of Smart Manufacturing, Dual Improvement in Capacity and Efficiency](index=10&type=section&id=4.%E6%99%BA%E8%83%BD%E5%88%B6%E9%80%A0%E6%8C%81%E7%BB%AD%E6%B7%B1%E5%8C%96%EF%BC%8C%E4%BA%A7%E8%83%BD%E6%95%88%E8%83%BD%E5%8F%8C%E6%8F%90%E5%8D%87) Smart manufacturing deepened with three key production line upgrades, expecting 50% capacity increase for encapsulated poles and 15% for vacuum interrupters - The company initially completed intelligent transformation and capacity expansion projects for **three key production lines**[43](index=43&type=chunk) - The encapsulated pole capacity expansion and intelligent transformation project is expected to increase capacity by **50%** upon full operation[43](index=43&type=chunk) - The metallized ceramic automated blanking line project successfully completed trial runs, achieving a small-batch self-produced output of **20,000 metallized ceramic blanks** in H1[43](index=43&type=chunk) - The vacuum interrupter capacity expansion project was successfully completed, achieving a capacity increase of **15%**[43](index=43&type=chunk) [5. Continuous Improvement in Quality Management, Sustained Positive Quality Indicators](index=10&type=section&id=5.%E8%B4%A8%E9%87%8F%E7%AE%A1%E7%90%86%E7%B2%BE%E7%9B%8A%E6%B1%82%E7%B2%BE%EF%BC%8C%E8%B4%A8%E9%87%8F%E6%8C%87%E6%A0%87%E6%8C%81%E7%BB%AD%E5%90%91%E5%A5%BD) Designated 2025 as 'Quality Improvement Year,' the company achieved stable interrupter yield above 99.50% and reduced quality loss rate - 2025 is the company's 'Quality Improvement Year,' with **116 quality improvement initiatives** specifically deployed and advanced[44](index=44&type=chunk) - Interrupter yield is stably controlled above **99.50%**; the company's overall quality loss rate decreased YoY; market satisfaction further improved[44](index=44&type=chunk) [Significant Changes in Company's Operating Performance During the Reporting Period, and Matters with Significant Current and Future Impact on Operations](index=10&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8C%96%EF%BC%8C%E4%BB%A5%E5%8F%8A%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%8F%91%E7%94%9F%E7%9A%84%E5%AF%B9%E5%85%AC%E5%8F%B8%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E6%9C%89%E9%87%8D%E5%A4%A7%E5%BD%B1%E5%93%8D%E5%92%8C%E9%A2%84%E8%AE%A1%E6%9C%AA%E6%9D%A5%E4%BC%9A%E6%9C%89%E9%87%8D%E5%A4%A7%E5%BD%B1%E5%93%8D%E7%9A%84%E4%BA%8B%E9%A1%B9) The company acquired 51.16% of Kaiser Technology to expand market share and transformed its energy storage business, resulting in a 95% revenue decrease - The company acquired **51.1

Core Viewpoint - Baoguang Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the market despite an increase in sales volume for its main products [1] Financial Performance - The company's operating revenue for the first half of 2025 was 639 million yuan, a year-on-year decrease of 24.71% [1] - Net profit attributable to shareholders was 37.21 million yuan, down 18.98% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 35.78 million yuan, a decrease of 19.96% year-on-year [1] - Basic earnings per share were 0.1127 yuan [1] Sales and Market Conditions - The sales volume of the company's main products increased both domestically and internationally compared to the previous year [1] - The gross profit margin of the main products slightly declined due to short-term policy impacts in the distribution network market and rising precious metal prices [1] Dividend Distribution - The company plans to distribute a cash dividend of 0.3381 yuan (including tax) for every 10 shares to all shareholders [1]

Group 1 - The core viewpoint of the article is that Baoguang Co., Ltd. (600379.SH) reported a steady operational performance in its semi-annual report, with both domestic and international sales quantities of its main products increasing year-on-year [1] - The company's operating revenue for the reporting period was 639 million yuan, a year-on-year decrease of 24.71% [1] - The total profit for the period was 43.96 million yuan, down 15.12% year-on-year, while the net profit attributable to shareholders was 37.21 million yuan, reflecting an 18.98% decline year-on-year [1] Group 2 - The gross profit margin of the main products slightly decreased due to short-term policy impacts in the distribution network market and rising precious metal prices [1] - The company plans to distribute a cash dividend of 0.3381 yuan for every 10 shares to all shareholders [1]

宝光股份公告，2025年上半年营业收入6.39亿元，同比下降24.71%。净利润3721.29万元，同比下降 18.98%。公司拟向全体股东每10股派发现金红利0.3381元（含税），合计拟派发现金红利1116.41万元 （含税），占2025年半年度未经审计合并报表中归属于上市公司股东的净利润的比例为30%。 ...

金融界消息 截至2025年7月31日收盘，宝光股份（600379）报收于13.92元，上涨0.51%，换手率 2.98%，成交量9.85万手，成交金额1.37亿元。 资金流向方面，今日主力资金净流入1533.37万元，占比成交额11.19%。其中，超大单净流入1104.98万 元、占成交额8.06%，大单净流入428.38万元、占成交额3.13%，中单净流出流出448.92万元、占成交额 3.28%，小单净流出1084.44万元、占成交额7.91%。 天眼查商业履历信息显示，陕西宝光真空电器股份有限公司，成立于1997年，位于宝鸡市，是一家以从 事电气机械和器材制造业为主的企业。企业注册资本33020.1564万人民币，实缴资本33020.1564万人民 币。公司法定代表人为谢洪涛。 通过天眼查大数据分析，陕西宝光真空电器股份有限公司共对外投资了9家企业，参与招投标项目3068 次，知识产权方面有商标信息42条，专利信息241条，此外企业还拥有行政许可50个。 来源：金融界 宝光股份最新一期业绩显示，截至2025一季报，公司营业总收入3.19亿元、同比减少20.54%，归属净利 润1874.64万元，同比增长 ...