证券代码：600608 证券简称：*ST 沪科 公告编号：2025-044 上海宽频科技股份有限公司 关于参加 2025 年上海辖区上市公司集体接待日 暨中报业绩说明会活动的公告 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： 会议召开时间：2025年9月19日（周五）15:00至17:00 投资者可以在本次说明会召开前通过电话（021-62317066）、邮件 （zhao_z@600608.net）等形式将需要了解的情况和关注问题预先提供给公司， 公司将在说明会上就投资者普遍关注的问题进行解答。 上海宽频科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日披露 了公司 2025 年半年度报告及摘要，为进一步加强与投资者的沟通交流，便于广 大投资者更深入全面地了解公司 2025 年中报业绩、公司治理、发展战略、经营 状况等投资者所关心的问题，公司定于 2025 年 9 月 19 日（周五）参加由中国证 券监督管理委员会上海监管局指导、上海上市公司协会及深圳市全景网络有限公 司联合举办的"20 ...

Market Overview - The trade sector experienced a decline of 0.31% compared to the previous trading day, with Suhao Fashion leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable gainers included: - Xunruide (002072) with a closing price of 8.05, up 3.07% on a trading volume of 79,400 shares and a turnover of 63.57 million yuan [1] - Shisuo Huihong (600981) closed at 3.18, up 2.25% with a trading volume of 364,700 shares and a turnover of 116 million yuan [1] - Notable decliners included: - Yiatong (002183) closed at 4.82, down 1.03% with a trading volume of 743,100 shares and a turnover of 359 million yuan [2] - Jiangsu Guotai (002091) closed at 68.8, down 2.20% with a trading volume of 627,800 shares and a turnover of 556 million yuan [2] Capital Flow Analysis - The trade sector saw a net outflow of 34.30 million yuan from institutional investors, while retail investors experienced a net outflow of 18.67 million yuan [2] - Conversely, speculative funds recorded a net inflow of 52.97 million yuan [2] Individual Stock Capital Flow - Yiatong (002183) had a net inflow from institutional investors of 8.12 million yuan, while retail investors saw a net outflow of 11.61 million yuan [3] - Suhao Huihong (600981) experienced a net inflow of 1.77 million yuan from institutional investors, with retail investors seeing a net outflow of 0.15 million yuan [3] - Nanjing Shanglv (600250) had a net outflow of 4.35 million yuan from institutional investors, while retail investors had a net inflow of 4.61 million yuan [3]

Market Performance - The trade sector increased by 0.91% on September 5, with Kerryde leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Notable gainers included: - Xunruide (002072) with a closing price of 7.68, up 6.22% and a trading volume of 113,100 shares [1] - Jiangsu Guotai (002091) closed at 8.49, up 4.04% with a trading volume of 687,700 shares [1] - Yiatong (002183) closed at 4.84, up 1.47% with a trading volume of 873,000 shares [1] Capital Flow - The trade sector saw a net inflow of 18.62 million yuan from main funds, while retail investors experienced a net outflow of 66.05 million yuan [2][3] - Jiangsu Guotai (002091) had a significant net inflow of 69.46 million yuan from main funds, but a net outflow of 77.59 million yuan from retail investors [3] Individual Stock Analysis - Kerryde (002072) had a net inflow of 6.28 million yuan from main funds, but also saw a net outflow of 9.27 million yuan from retail investors [3] - Su Meida (600710) experienced a net inflow of 2.93 million yuan from main funds, while retail investors had a net outflow of 12.73 million yuan [3]

Market Overview - On September 1, the trade sector declined by 0.2% compared to the previous trading day, with Jiangsu Shuntian leading the decline [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Notable gainers in the trade sector included: - Yimeng 5 (Code: 600128) with a closing price of 11.06, up 4.83% and a trading volume of 214,900 shares [1] - CITIC Metal (Code: 601061) with a closing price of 9.31, up 3.22% and a trading volume of 514,000 shares [1] - Kairuide (Code: 002072) with a closing price of 7.33, up 2.81% and a trading volume of 91,100 shares [1] - Jiangsu Shuntian (Code: 600287) was the biggest loser, closing at 6.11, down 3.63% with a trading volume of 126,700 shares [2] Capital Flow - The trade sector experienced a net outflow of 27.19 million yuan from institutional investors, while retail investors saw a net inflow of 30.39 million yuan [2][3] - Key stocks with significant capital flow included: - CITIC Metal had a net outflow of 42.94 million yuan from institutional investors [3] - Jiangsu Guotai (Code: 002091) saw a net inflow of 12.12 million yuan from institutional investors [3] - Huaihong Group (Code: 600981) had a net inflow of 9.25 million yuan from institutional investors [3]

Market Overview - On August 27, the trade sector declined by 1.6% compared to the previous trading day, with *ST HuKe leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable stock performances included: - Wukuang Development (600058) rose by 3.16% to close at 9.79, with a trading volume of 711,600 shares and a turnover of 703 million yuan [1] - Jiangsu ShunDa (600287) remained unchanged at 6.09, with a trading volume of 146,500 shares and a turnover of 91.2 million yuan [1] - *ST HuKe (600608) fell by 4.43% to close at 4.10, with a trading volume of 38,500 shares and a turnover of 16.2 million yuan [2] Capital Flow - The trade sector experienced a net outflow of 159 million yuan from institutional investors, while retail investors saw a net inflow of 134 million yuan [2] - Key capital flows for selected stocks included: - Wukuang Development had a net inflow of 30.58 million yuan from institutional investors, while retail investors had a net outflow of 36.65 million yuan [3] - *ST HuKe saw a net outflow of 2.98 million yuan from institutional investors, but a net inflow of 1.89 million yuan from retail investors [3]

Core Viewpoint - *ST HuKe is facing a severe operational crisis, with its performance significantly below industry standards, raising concerns about its viability and potential delisting [1][2][5] Financial Performance - The company reported total revenue of only 4.4 million yuan in the first half of the year, with a mere 144,000 yuan in the second quarter, averaging 48,000 yuan per month [1] - With 18 employees, the revenue target per employee is only 2,667 yuan per month, indicating extremely low productivity [1][2] Historical Context - Originally named "Yixing Steel Pipe," the company had a stable existence since its listing in 1992 until it was taken over by private owner Yan Xiaoqun, which marked the beginning of its decline [1] - Yan Xiaoqun's focus shifted from industrial operations to financial maneuvers, leading to significant debt and the eventual auction of his shares [1] Business Model and Operations - The company has transitioned to low-tech commodity trading, lacking competitive barriers and relying heavily on resource and relationship networks [2] - The absence of a clear industry focus and the tendency to chase short-term profits have left the company vulnerable to market fluctuations [2] Delisting Risk - Under the new delisting rules, *ST HuKe faces termination of its listing if its annual revenue falls below 300 million yuan and if it reports a net loss [2] - With only 4.4 million yuan in revenue for the first half of the year, the company is at significant risk of failing to meet these thresholds [2] Potential for Restructuring - Despite its troubled operations, *ST HuKe possesses a "clean" shell with low assets and liabilities, which could be leveraged for restructuring [3] - The potential injection of valuable assets by Kunming State-owned Assets could be crucial for the company's survival [3] Current Situation - *ST HuKe is at a critical juncture, facing the choice between restructuring for revival or the risk of delisting [5]

Group 1 - The Shanghai Science and Technology Awards 2024 recognized a total of 206 awards, including various categories such as the Shanghai Science and Technology Progress Award and the Shanghai International Science and Technology Cooperation Award [1] - Among the award recipients, 1,171 individuals under the age of 45 accounted for 65% of the total, indicating a growing recognition of young scientists in Shanghai's innovation landscape [2] - The number of enterprises involved in award-winning projects reached 336, representing 49% of all completion units, with a notable increase in participation from private enterprises [3] Group 2 - The focus on technology transfer and industrial application is emphasized, with 34 projects directly mentioning "application," making up 54% of high-level award-winning results [4] - The Shanghai government is actively promoting the construction of an international technology innovation center, supporting both state-owned and private enterprises in innovation and development [5] - The success of young scientists and enterprises is seen as a vital source of innovation for Shanghai's technological ecosystem [6]

Group 1 - The 2024 Shanghai Science and Technology Awards announced a total of 206 awards, reflecting a trend towards reducing quantity while improving quality [1][2] - The number of Science and Technology Progress Awards decreased by 17, while the Natural Science Awards increased by 10, indicating a shift in focus [1][2] - The award rate for Natural Science Awards was 23%, significantly higher than the 16% for Science and Technology Progress Awards, highlighting the strength of basic research in Shanghai [1][2] Group 2 - In 2024, there were 2 Special Awards, 61 First Prizes (32%), and 128 Second Prizes (67%), with the distribution of high-level awards remaining stable compared to 2023 [2] - The proportion of young and middle-aged talents (under 45) among award recipients increased to 65%, with 43% of the first authors being under 45 [2] - The number of award-winning organizations reached 686, with state-owned enterprises playing a dominant role, comprising 55% of the awarded companies [3] Group 3 - Over half (54%) of the high-level award projects in 2024 explicitly aimed for application and commercialization, particularly in technology invention and scientific progress awards [4] - Significant innovation outcomes were noted in new materials, new energy, and advanced manufacturing sectors, with 30 technology invention awards distributed across various fields [4] - Among the 97 Science and Technology Progress Awards, 59% were related to projects impacting daily life, indicating a focus on practical applications [4]

Core Insights - *ST HuKe reported a significant decline in total revenue and net profit for the first half of 2025, indicating ongoing financial challenges [1][2] - The company experienced an increase in cash flow from operating activities, suggesting some operational efficiency despite overall revenue decline [1] - The gross profit margin improved significantly, reflecting better cost management or pricing strategies [1] Financial Performance - Total revenue for the first half of 2025 was 4.40 million yuan, a decrease of 65.00% compared to the same period last year [1] - Net profit attributable to shareholders was 34,900 yuan, down 95.81% year-on-year [1] - Operating cash flow increased by 682,000 yuan, up 35.08% from the previous year [1] Profitability Metrics - The latest gross profit margin stood at 92.16%, an increase of 56.23 percentage points year-on-year [1] - Return on equity (ROE) was 0.09%, a decrease of 1.79 percentage points compared to the same period last year [1][2] Shareholder Information - The number of shareholders was 12,000, with the top ten shareholders holding 34.11% of the total shares [2] - The largest shareholder, Kunming Transportation Investment Group, held 12.0 million shares [2]

Group 1 - The company Shanghai Technology reported a significant decline in its half-year revenue, amounting to 4,400,243.59 yuan, which represents a year-on-year decrease of 65% [1] - The net profit attributable to shareholders of the listed company was 34,921.86 yuan, reflecting a substantial year-on-year decrease of 95.81% [1]