Market Overview - The Shanghai Composite Index closed at 3857.93 points, above the annual line, with a change of 0.37% [1] - The total trading volume of A-shares reached 28,301.97 billion yuan [1] Stocks Breaking Annual Line - A total of 22 A-shares have surpassed the annual line today, with notable stocks including Guoan Co., Transsion Holdings, and ST Huawen, showing divergence rates of 6.70%, 5.14%, and 4.43% respectively [1] - Stocks with smaller divergence rates that just crossed the annual line include Changjiang Electric, ST Zhongzhuang, and Laobaigan Liquor [1] Top Divergence Rates - The top three stocks with the highest divergence rates are: - Guoan Co. (10.07% increase, 6.70% divergence) - Transsion Holdings (7.17% increase, 5.14% divergence) - ST Huawen (4.86% increase, 4.43% divergence) [1] Additional Stock Performance - Other notable stocks include: - Shenyang Machine Tool (4.49% increase, 3.75% divergence) - Shangong Shenbei (4.20% increase, 3.64% divergence) - ST Boda (4.10% increase, 3.48% divergence) [1]

Group 1 - The company Shangong Shunbei (SH 600843) held its 17th meeting of the 10th board of directors on August 27, 2025, to discuss the proposal for the first extraordinary general meeting of shareholders in 2025 [1] - For the year 2024, the revenue composition of Shangong Shunbei is as follows: sewing equipment accounts for 43.3%, logistics services for 30.86%, automotive parts for 20.97%, other businesses for 3.54%, and other industries for 1.12% [1] - As of the report date, the market capitalization of Shangong Shunbei is 8.3 billion yuan [1]

证券代码：600843 900924 证券简称：上工申贝 上工 B 股 公告编号：2025-032 重要内容提示： 2024 年 11 月 23 日，上海市徐汇区人民政府发布《征收决定》（徐府房征[2024]10 号文），公司位于徐汇区襄阳南路 175 号（环中商厦）全幢房屋位于征收范围之内。具 体情况如下： 一、交易概述 （一）本次交易的基本情况 上工申贝（集团）股份有限公司 关于政府征收公司部分房屋的公告 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。 1、本次交易概况 根据《征收决定》，公司位于上海市徐汇区襄阳南路 175 号（环中商厦）全幢房屋 纳入房屋征收范围，公司拟就上述被征收房屋与上海市徐汇区住房保障和房屋管理局 签署房屋征收补偿协议。 本次被征收的襄阳南路 175 号（环中商厦）全幢房屋证载建筑面积为 5,210.00 平 方米，证外建筑面积为 1,032.94 平方米，合计 6,242.94 平方米，预计上述房屋的征收 补偿费用总额为 24,322.91 万元。 本次房屋征收系政府征收行为，不构成关联交易，也 ...

证券代码：600843 900924 证券简称：上工申贝 上工 B 股 公告编号：2025-030 上工申贝（集团）股份有限公司 关于募集资金存放与实际使用情况的专项报告 （2025 年半年度） 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。 上工申贝（集团）股份有限公司（以下简称"公司"或"本公司"）根据中国证券监 督管理委员会《上市公司募集资金监管规则》《上海证券交易所股票上市规则》《上海证 券交易所上市公司自律监管指引第 1 号——规范运作》以及《上海证券交易所上市公司自 律监管指南第 1 号——公告格式》的相关规定，编制了截至 2025 年 6 月 30 日止的《关于 募集资金存放与实际使用情况的专项报告（2025 年半年度）》，内容如下： 一、募集资金基本情况 1、募集资金到位情况 经中国证券监督管理委员会《关于核准上工申贝（集团）股份有限公司非公开发行股 票的批复》（证监许可[2020]2269 号）核准，公司于 2021 年 8 月对 8 名特定投资者非公开 发行人民币普通股（A 股）股票 164,576,880 ...

证券代码：600843 900924 证券简称：上工申贝 上工 B 股 公告编号：2025-031 上工申贝（集团）股份有限公司 关于使用自有资金支付募投项目所需资金 并以募集资金等额置换的公告 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： 为提高公司募集资金使用效率，保障募投项目正常推进，公司拟根据实际需要先以 自有资金方式支付"特种缝制设备及智能工作站研发与营销项目"相关费用支出，在自 有资金支付后 6 个月内以募集资金等额置换，定期从募集资金专户划转等额资金至公司 自有资金账户。具体情况如下： 一、募集资金基本情况 （一）募集资金到位情况 （二）募集资金的管理情况 为了规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者的利益， 公司制定了《募集资金使用管理办法》。根据《公司法》《证券法》《上市公司证券发 行管理办法》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求 （2022 年修订）》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等法 律、法规、规范性文件的 ...

证券代码：600843 900924 证券简称：上工申贝 上工B股 公告编号：2025-033 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第一次临时股东大会 上工申贝（集团）股份有限公司 关于召开2025年第一次临时股东大会的通知 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： (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 15 日 14 点 00 分 召开地点：上海市宝山区市台路 263 号申丝大厦 4 楼大会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 15 日 至2025 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会 召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00 ...

证券代码：600843 900924 证券简称：上工申贝 上工 B 股 公告编号：2025-029 上工申贝（集团）股份有限公司 第十届监事会第十五次会议决议公告 本公司监事会及全体监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。 二、审议通过《关于募集资金存放与实际使用情况的专项报告（2025 年半年度）》 公司监事会认为，公司 2025 年上半年严格遵照中国证监会和上海证券交易所关于 募集资金使用的管理规定，符合公司募集资金使用管理办法，对非公开发行 A 股股票募 集资金进行了专户存储和专项使用，不存在变相改变募集资金用途和损害股东利益的情 况，不存在违规使用募集资金的情形。公司募集资金实际投入项目和对外披露情况一致。 表决结果：同意 3 票；反对 0 票；弃权 0 票。 三、审议通过《关于使用自有资金支付募投项目所需资金并以募集资金等额置换的 议案》 公司监事会认为：本次使用自有资金支付募投项目所需资金并以募集资金等额置换 的事项，有利于提高资金使用效率，不会影响募投项目的正常实施，也不存在变相改变 募集资金用途，亦不存在损害公司、股东尤其 ...

第十届董事会第十七次会议决议公告 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。 上工申贝（集团）股份有限公司（以下简称"公司"）第十届董事会第十七次会议 于 2025 年 8 月 17 日以电子邮件并电话确认的方式发出会议通知，于 2025 年 8 月 27 日 以现场会议结合通讯方式召开。会议应发表意见的董事 9 名，实际发表意见的董事 9 名。会议由公司董事长张敏先生召集并主持，公司监事和高级管理人员列席了本次会 议。会议的召集、召开和表决程序符合《中华人民共和国公司法》和《上工申贝（集 团）股份有限公司章程》等有关规定。经与会董事认真审议，通过如下决议： 证券代码：600843 900924 证券简称：上工申贝 上工 B 股 公告编号：2025-028 上工申贝（集团）股份有限公司 一、审议通过《公司 2025 年半年度报告》全文及摘要 本议案已经第十届董事会审计委员会 2025 年第五次会议审议通过，并同意提交本 次董事会审议。 同意《公司 2025 年半年度报告》全文及摘要。详见同日公司在上海证券交易所网 站刊登的 ...

申万宏源证券承销保荐有限责任公司 关于上工申贝（集团）股份有限公司使用自有资金支付募投 项目所需资金并以募集资金等额置换的核查意见 （一）募集资金到位情况 经中国证券监督管理委员会《关于核准上工申贝（集团）股份有限公司非公 开发行股票的批复》（证监许可[2020]2269 号）核准，公司于 2021 年 8 月对 8 名特定投资者非公开发行人民币普通股（A 股）股票 164,576,880 股，每股面值 人民币 1 元，每股发行价格为 4.95 元，募集资金总额为人民币 814,655,556 元， 扣除发行费用共计 17,654,990.98 元（不含增值税进项税额）后，实际收到募集 资金净额为人民币 797,000,565.02 元。上述募集资金已于 2021 年 8 月 30 日存入 公司设立的募集资金专户，立信会计师事务所（特殊普通合伙）对公司此次非公 开发行股票的实际募集资金到位情况进行了审验，并出具了《验资报告》（信会 师报字[2021]第 ZA15389 号）。 截至 2021 年 10 月 29 日，公司以募集资金置换预先投入募投项目及支付发 行费用的自筹资金 22,866,773.28 元， ...

Financial Performance - The company's operating revenue for the first half of 2025 was ¥2,191,220,223.52, a decrease of 4.75% compared to ¥2,300,599,929.77 in the same period last year[22]. - The total profit for the period was -¥55,497,576.21, representing a decline of 179.52% from a profit of ¥69,787,034.51 in the previous year[22]. - The net profit attributable to shareholders was -¥69,535,934.15, a significant drop of 251.35% compared to ¥45,944,472.00 in the same period last year[22]. - The net cash flow from operating activities was -¥235,113,670.68, worsening from -¥67,034,416.40 in the previous year[22]. - The basic earnings per share for the period was -¥0.0990, a decrease of 252.78% from ¥0.0648 in the same period last year[23]. - The diluted earnings per share also stood at -¥0.0990, reflecting the same percentage decrease as the basic earnings per share[23]. - The weighted average return on equity was -2.3509%, a decrease of 3.72 percentage points from 1.3656% in the previous year[23]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a figure of -¥90,745,562.06 compared to ¥21,770,407.98 in the same period last year, marking a decrease of 516.83%[22]. - The company's net profit after deducting share-based payment impacts was -69,306,538.12 RMB, a decrease of 248.42% compared to the same period last year[27]. - The company reported a total comprehensive income of CNY 20,726,775.50 for the first half of 2025, compared to CNY 25,596,301.99 in the same period of 2024[123]. - The total comprehensive income for the first half of 2025 was -¥22,770,656.28, compared to ¥15,247,558.06 in the first half of 2024[125]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,699,610,500.22, an increase of 5.82% from ¥6,330,839,728.08 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 0.67% to ¥2,972,069,065.07 from ¥2,952,376,536.20 at the end of the previous year[22]. - Total liabilities reached ¥3,484,796,612.44, up from ¥3,146,687,237.25, indicating an increase of 10.7%[115]. - Total current assets increased to ¥4,757,082,882.61 as of June 30, 2025, up from ¥4,117,864,320.62 on December 31, 2024, representing a growth of 15.5%[113]. - Total liabilities rose to CNY 1,678,085,831.97, up from CNY 1,531,151,421.91 in the previous year[119]. - The company's equity attributable to shareholders rose to ¥2,972,069,065.07 from ¥2,952,376,536.20, a slight increase of 0.7%[115]. Revenue Segments - The operating income from the smart equipment and intelligent manufacturing segment was CNY 901,736,846.85, with a gross margin of 26.12%, down 1.62 percentage points year-on-year[38]. - The logistics services segment generated CNY 736,455,607.53 in revenue, with a gross margin of 6.91%, reflecting a decrease of 0.92 percentage points compared to the previous year[39]. - Domestic revenue accounted for CNY 1,684,844,349.83, representing a year-on-year increase of 4.56%, while overseas revenue was CNY 592,268,959.62, down 14.39%[40]. - Revenue decreased due to a decline in smart devices and smart manufacturing business, while logistics service revenue increased[49]. Cost Management - The company implemented cost reduction measures, including workforce reduction and strict expense control, to stabilize cash flow amid declining orders from its German subsidiary[33]. - The gross margin for the overall business decreased by 3.27 percentage points to 15.73%[39]. - Financial expenses increased by 113.82% to ¥37,938,793.42, primarily due to increased exchange losses[50]. - Total operating costs increased to CNY 2,257,851,440.45, up 0.57% from CNY 2,250,591,759.68 in the previous year[121]. Investments and Subsidiaries - The company established a new subsidiary, Shangong Feiren General Aviation (Weihai) Co., Ltd., focusing on the manufacturing of light aircraft and carbon fiber composite components[37]. - The company plans to establish a subsidiary in Weihai with a registered capital of ¥55 million, focusing on carbon fiber composite components and light aircraft manufacturing[62]. - The company has reduced the investment amount for the "Special Sewing Equipment and Intelligent Workstation Technology Transformation Project" to RMB 115 million, reallocating the remaining funds for the acquisition of 80% equity in Shanghai Feier Automotive Parts Co., Ltd.[65]. - The company plans to sell its entire stake in Shanghai Feiren Technology Co., Ltd. for RMB 318 million, which represents a gain of RMB 18 million over the original investment cost of RMB 300 million[74]. Market and Industry Challenges - The company is facing operational challenges due to a significant decline in demand from key markets, particularly in Europe, impacting its overseas subsidiaries[32]. - The company faces significant industry and market risks due to the cyclical nature of the sewing equipment industry, which heavily relies on downstream sectors such as textiles and automotive, making it vulnerable to macroeconomic fluctuations[75]. - The company has acknowledged the potential for increased competition in the sewing equipment industry, which could lead to lower product margins and prices[75]. Management and Governance - Recent management changes include the appointment of Zhang Yong as Vice President and Wu Weijie as Secretary of the Board, while Zheng Yuan has been relieved of her duties as Secretary[81]. - The company has not proposed any profit distribution or capital reserve transfer for the half-year period, indicating a focus on reinvestment[82]. - The company's largest shareholder, Shanghai Pukefei Investment Co., Ltd., has committed not to dispose of or increase its shareholding in the company within the next 12 months[88]. Legal and Compliance - The company has initiated legal action against Shanghai Shangcheng Enterprise Management Co., Ltd. for unpaid rent, which remains outstanding since April 2025[91]. - The company has not reported any significant litigation or arbitration matters during the reporting period[89]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[89]. - The company has not engaged in any significant related party transactions during the reporting period[90]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant doubts about the company's ability to continue operations for the next 12 months[147]. - The financial statements comply with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position as of June 30, 2025[148]. - The company uses Renminbi as its functional currency, while subsidiaries may use other currencies based on their economic environment[150]. - The company has established accounting policies for mergers and acquisitions, including both same-control and non-same-control transactions[151].