Core Insights - The company reported a total revenue of 11.117 billion yuan for the first half of 2025, with a net profit attributable to shareholders of 287 million yuan, marking a year-on-year increase of 32.02% and achieving five consecutive years of growth [1][3] - The operating cash flow showed a net outflow of 609 million yuan, which is an improvement of 2.702 billion yuan compared to the same period last year, indicating two consecutive years of increase [1] Financial Performance - The latest debt-to-asset ratio stands at 63.31%, a decrease of 1.45 percentage points from the same period last year [3] - The gross profit margin is reported at 22.22%, an increase of 0.89 percentage points year-on-year, achieving two consecutive years of growth [3] - Return on equity (ROE) is at 2.04%, up by 0.39 percentage points compared to the previous year [3] - The diluted earnings per share (EPS) is 0.24 yuan, reflecting a year-on-year increase of 33.33% and achieving five consecutive years of growth [3] - The total asset turnover ratio is 0.25 times, while the inventory turnover ratio is 0.89 times [3] Shareholder Structure - The number of shareholders is reported at 128,200, with the top ten shareholders holding a total of 588 million shares, accounting for 49.65% of the total share capital [3] - The largest shareholder is Fenghuo Technology Group Co., Ltd., holding 41.71% of the shares [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：600498 公司简称：烽火通信 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。 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 不适用 2.1公司简介 ■ 2.2主要财务数据 单位：元 币种：人民币 ■ 2.3前10名股东持股情况表 单位: 股 ■ 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 √不适用 第二节 公司基本情况 2.5控股股东或实际控制人变更情况 □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 ...

（文章来源：证券日报） 证券日报网讯 8月22日晚间，烽火通信发布公告称，2025年半年度公司实现营业收入11，116，820， 968.86元，同比下降19.73%；归属于上市公司股东的净利润为286，568，766.77元，同比增长32.02%。 ...

智通财经APP讯，烽火通信(600498.SH)发布2025年半年度报告，报告期内，公司实现营业收入111.17亿 元，同比下降19.73%。实现归属于上市公司股东的净利润2.87亿元，同比增长32.02%。实现归属于上市 公司股东的扣除非经常性损益的净利润2.82亿元，同比增长31.59%。基本每股收益0.24元。 ...

Investment Rating - The communication industry is rated as "Overweight," indicating an expectation that the industry index will outperform the market index by more than 10% over the next six months [42]. Core Viewpoints - The communication industry is entering a phase of technological iteration and policy dividends, with new growth drivers emerging from AI, quantum communication, and low-altitude economy. The recovery of cellular IoT modules from inventory adjustments and the ongoing construction of communication facilities such as base stations and data centers are expected to create new demands for devices, equipment, and service operations [3][38]. - The report emphasizes the importance of building efficient, secure, and sustainable computing infrastructure to support high-quality development in the information and communication industry, driving digital economy and technological innovation [3][38]. Summary by Sections 1. Industry Market Review - The communication sector has seen a cumulative increase of 14.81% over the past two weeks (8/8-8/21), outperforming the CSI 300 index by 10.59 percentage points, ranking first among 31 primary industries [10][11]. - In August, the communication sector rose by 15.25%, again outperforming the CSI 300 index by 10.04 percentage points, and has increased by 39.64% year-to-date, surpassing the CSI 300 index by 30.67 percentage points [10][11]. 2. Industry News - Qualcomm launched the world's first wearable platform supporting NB-NTN satellite communication, enhancing connectivity and efficiency for wearable technology [14]. - Guangdong Province is accelerating the implementation of satellite internet services in innovative application scenarios [18]. - Coherent reported a 51% year-on-year increase in revenue from the data center and communication market, driven by the delivery of 1.6T optical modules [19]. 3. Company Announcements - Ruijie Networks reported a 194% year-on-year increase in net profit for the first half of 2025, driven by significant growth in data center exchange products [21]. - Cambridge Technology's net profit increased by 51.12% year-on-year in the first half of 2025, attributed to strong performance in high-speed optical modules and telecom broadband access [22]. - Huagong Technology achieved a revenue of 7.629 billion yuan in the first half of 2025, reflecting a 45% year-on-year growth [24]. 4. Industry Data Updates - As of June 2025, the mobile phone user base reached approximately 1.81 billion, a year-on-year increase of 2.66% [25]. - The internet broadband access user base reached approximately 684 million, up 4.98% year-on-year [27]. - The total number of 5G base stations reached 4.549 million by June 2025, with a net increase of 298,000 from the end of the previous year [34]. 5. Investment Recommendations - The report suggests focusing on companies that align with the themes of "technology commercialization, policy catalysis, and performance certainty," highlighting potential opportunities in the sector [38]. - Recommended stocks include China Mobile (600941.SH), China Telecom (601728.SH), and FiberHome Technologies (600498.SH) among others [39][40].

Core Points - The company held its ninth board meeting on August 21, 2025, where all 11 directors were present, ensuring the meeting's legality and effectiveness [1][2] - The board approved the 2025 semi-annual report and the special report on the use of raised funds, both of which are available on the Shanghai Stock Exchange website [2][3] - The board confirmed the qualifications of 1,586 incentive plan participants, with 1,569 achieving scores of 90 or above, while 16 scored between 80 and 90, and 1 scored between 60 and 80 [2][3] - The board approved the repurchase and cancellation of 633,114 restricted stocks from 56 departed employees and 17 employees who did not meet performance criteria [3] - A risk assessment report regarding Xinke (Beijing) Financial Co., Ltd. was also approved by the board [3][4]

湖北得伟君尚律师事务所关于 烽火通信科技股份有限公司 回购注销部分限制性股票相关事宜的 法律意见书 （2025） 湖北得伟君尚律师事务所关于 烽火通信科技股份有限公司 回购注销部分限制性股票相关事宜的 法律意见书 湖北得伟君尚律师事务所 二〇二五年 得伟君尚字第 10053 号 致：烽火通信科技股份有限公司 根据湖北得伟君尚律师事务所（以下简称"本所"）与烽火通信科技 股份有限公司（以下简称"烽火通信"或"公司"）签署的《专项法律 服务合同》，本所担任烽火通信限制性股票激励计划（以下简称"激励 计划"）的专项法律顾问。 本所根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司 股权激励管理办法》（以下简称"《管理办法》"）等有关法律、行政 法规、规范性文件及《烽火通信股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，就公司关于回购注销部分激励对象已获授但 尚未解锁的限制性股票相关事宜出具本法律意见书。 对本所出具的本法律意见书，本所律师声明如下： 事实和我国现行法律、行政法规和中国证券监督管理委员会（以下简称 "中国证监会"）的有关 ...

证券代码：600498 证券简称：烽火通信 公告编号：2025-044 转债代码：110062 转债简称：烽火转债 烽火通信科技股份有限公司关于回购注销 部分股权激励股份减少注册资本的债权人公告 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个别及连带责任。 烽火通信科技股份有限公司（以下简称"本公司"或"公司"）回购部分已 授予但尚未解锁的股权激励限制性股票相关议案已经 2025 年 8 月 21 日召开的公 司第九届董事会第八次会议审议通过，详见同日刊载于《中国证券报》《上海证 券报》《证券时报》及上海证券交易所网站（www.sse.com.cn）的《烽火通信科 技股份有限公司第九届董事会第八次会议决议公告》（公告编号：2025-041）及 《烽火通信科技股份有限公司关于回购注销部分限制性股票的公告》 （公告编号： 现根据《中华人民共和国公司法》等相关法律、法规的规定公告如下：凡本 公司债权人均有权于本通知公告之日（2025 年 8 月 23 日）起 45 天内向本公司 申报债权，并可根据合法债权文件及凭证向本公司要求履行偿还债务之 ...

关于回购注销部分限制性股票的公告 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个别及连带责任。 烽火通信科技股份有限公司（以下简称"公司"）2021 年限制性股票激励计 划激励对象中的 56 人因个人原因已辞职，根据公司《2021 年限制性股票激励计 划（草案）》的相关规定，上述 56 人已获授予但尚未解锁的 59.364 万股限制性 股票将由公司回购并注销；激励对象中的 17 人因 2024 年度个人绩效考核不符合 全部解锁要求，其已获授限制性股票中确认第三期不可解锁部分合计 3.9474 万 股，由公司回购并注销；此次共计回购注销 63.3114 万股限制性股票。本次回购 注销事宜已经公司薪酬与考核委员会 2025 年第二次会议，第九届董事会第八次 会议和第九届监事会第八次会议审议通过。具体内容如下： 证券代码：600498 证券简称：烽火通信 公告编号：2025-043 转债代码：110062 转债简称：烽火转债 烽火通信科技股份有限公司 了《烽火通信科技股份有限公司 2021 年限制性股票激励计划（草案）》等相关议 案（以下简 ...

Core Points - The company held its 8th meeting of the 9th Supervisory Board on August 21, 2025, in Wuhan, with all 7 supervisors present, meeting legal and regulatory requirements [1] - The Supervisory Board approved the company's 2025 semi-annual report, confirming compliance with laws, regulations, and internal management systems, and ensuring the report accurately reflects the company's operational and financial status [1] - The board verified the proposal for the repurchase and cancellation of unvested restricted stock, agreeing to repurchase a total of 633,114 shares due to 56 individuals no longer meeting incentive criteria and 17 individuals failing to meet performance requirements [1] Summary by Sections Meeting Details - The meeting was legally valid with all supervisors present, adhering to the Company Law and Articles of Association [1] Semi-Annual Report - The report's preparation and review process complied with all relevant regulations, and no confidentiality breaches were found among the personnel involved [1] Restricted Stock Repurchase - The company will repurchase and cancel 633,114 shares of restricted stock, including 593,640 shares from 56 resigned individuals and 39,474 shares from 17 individuals who did not meet performance criteria [1]