证券之星消息，近日远东股份披露，截至2025年6月30日公司股东户数为7.01万户，较3月31日增加 3494.0户，增幅为5.25%。户均持股数量由上期的3.33万股减少至3.17万股，户均持股市值为16.09万 元。 | | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值 (元) 户均持股数 (股) | | | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | 4.10% | 70060 3494 | 5.25% | 16.09万 | 3.17万 | | 2025-03-31 | 2.74% | 66566 3364 | 5.32% | 16.27万 | 3.33万 | | 2024-12-31 | 11.50% | 63202 2608 | 4.30% | 16.68万 | 3.51万 | | 2024-09-30 | 24.53% | 60594 -6975 | -10.32% | 15.60万 | 3.66万 | 根据统计，远东股份2025年3月31日至2025年6月30日，主力资金净流出3.08亿元，游资资金净流出 ...

中证报中证网讯(王珞)8月22日晚，远东股份（600869）发布2025年半年度报告称，上半年实现营业收 入129.76亿元，同比增长14.38%，创同期新高，其中第二季度为81.02亿元，环比增长66.24%，创单季 度新高；实现归母净利润1.44亿元，同比大幅扭亏为盈；经营活动产生的现金流量净额4.33亿元，同比 大幅转正。公司全力拓展人工智能、算力和机器人新兴市场，实现营业收入4.87亿元，同比增长 204.61%，第二季度环比增长377.25%。同时，公司已回购1.97亿元、董事长增持超3000万元，并推出 1.2亿元员工持股计划，多措并举增强市场信心。 公司表示，上半年归母净利润实现大幅扭亏为盈，整体业绩迎来拐点。未来将坚持围绕"电能+算力 +AI"，快速推进三大业务高质量可持续发展，增強核心竞争力。 智能缆网业务方面，公司持续领跑行业，在人工智能、机器人、算力、海洋工程等领域不断突破。2025 年上半年营业收入114.86亿元，同比增长11.64%，净利润2.71亿元，同比增长75.76%，获得超千万订单 125.66亿元，同比增长20.68%。公司已向全球领先人工智能芯片公司批量供应高速铜缆等产 ...

[Company Profile and Key Financial Indicators](index=5&type=section&id=%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 an overview of the company's fundamental information and presents its key financial performance metrics for the reporting period [Company Basic Information](index=5&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E4%BF%A1%E6%81%AF) Far East Smart Energy (600869) specializes in smart cable networks, batteries, and airports, aspiring to be a global leader in smart energy and smart city services - The company's legal representative is Jiang Xipei, with its office located in Yixing, Jiangsu[14](index=14&type=chunk)[16](index=16&type=chunk) - The company's stock abbreviation was previously 'Smart Energy', 'Far East Cable', and 'Sanpu Pharmaceutical'[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=5&type=section&id=%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) During the reporting period, the company achieved significant performance growth, with operating revenue increasing by **14.38%** to **12.98 billion yuan**, and net profit attributable to parent company shareholders turning profitable Key Accounting Data (Jan-Jun 2025) | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 12,976,125,887.38 | 11,344,751,237.46 | 14.38% | | Net Profit Attributable to Shareholders of Listed Company | 143,506,028.45 | -129,749,156.76 | 210.60% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 115,067,601.95 | -134,613,207.32 | 185.48% | | Net Cash Flow from Operating Activities | 433,338,819.28 | -359,087,405.77 | 220.68% | | **Asset Status** | **End of Current Period** | **End of Prior Year** | **Change from Prior Year-end (%)** | | Net Assets Attributable to Shareholders of Listed Company | 4,398,978,652.67 | 4,275,514,545.90 | 2.89% | | Total Assets | 21,143,121,798.25 | 20,186,420,712.62 | 4.74% | Key Financial Indicators (Jan-Jun 2025) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.0647 | -0.0585 | 210.60% | | Weighted Average Return on Net Assets (%) | 3.30% | -2.82% | Increased by 6.12 percentage points | [Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) During the reporting period, the company's total non-recurring gains and losses amounted to **28.44 million yuan**, primarily from government subsidies Non-recurring Gains and Losses Items | Non-recurring Gains and Losses Items | Amount (yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 3,979,633.29 | | Government Subsidies Recognized in Current Period P&L | 26,954,059.31 | | Other Non-operating Income/Expenses and Sundries | -1,189,438.86 | | **Total** | **28,438,426.50** | [Management Discussion and Analysis](index=7&type=section&id=%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 provides an in-depth analysis of the company's industry landscape, operational performance, core competencies, and potential risks [Industry and Main Business Overview](index=7&type=section&id=%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 focuses on three main businesses: smart cable networks, smart batteries, and smart airports, benefiting from sustained demand in key sectors like UHV, clean energy, and civil aviation infrastructure - The company's main businesses are smart cable networks, smart batteries, and smart airports, aiming to become a global leader in smart energy and smart city services[25](index=25&type=chunk) - The smart cable network industry benefits from UHV construction, clean energy development, and the surge in cable demand driven by AI and robotics[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk) - The smart battery industry sees strong demand in energy storage and high-end consumer sectors (e.g., humanoid robots), with the copper foil industry also experiencing growth opportunities[31](index=31&type=chunk)[32](index=32&type=chunk) - The smart airport industry benefits from domestic civil aviation infrastructure planning and low-altitude economy development, with civil transport airports projected to increase to approximately **400** by 2035[33](index=33&type=chunk) [Discussion and Analysis of Operations](index=9&type=section&id=%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) The company achieved steady growth across its three main businesses, with overall revenue reaching **12.98 billion yuan** and net profit attributable to parent company shareholders at **144 million yuan**, driven by strong performance in emerging markets Operating Performance by Business Segment | Business Segment | Operating Revenue | Year-on-year Growth | Net Profit/(Loss) | Year-on-year Change | | :--- | :--- | :--- | :--- | :--- | | **Smart Cable Network** | 11.49 billion yuan | +11.64% | 271 million yuan | +75.76% | | **Smart Battery** | 687 million yuan | +40.13% | (192) million yuan | Reduced loss by 153 million yuan year-on-year | | **Smart Airport** | 751 million yuan | +37.46% | 68 million yuan | +87.56% | - The company performed exceptionally in emerging markets such as AI, computing power, and robotics, achieving revenue of **487 million yuan**, a **204.61%** year-on-year increase, with a **377.25%** quarter-on-quarter growth in Q2[35](index=35&type=chunk) - The company continues to increase R&D investment in emerging markets, focusing on the R&D and production of cutting-edge technologies such as liquid cooling, superconducting tapes, high-speed PCB copper foil, and solid-state batteries[35](index=35&type=chunk) - To boost market confidence, the company completed a **197 million yuan** share repurchase, the chairman increased holdings by over **30 million yuan**, and a **120 million yuan** employee stock ownership plan was launched[35](index=35&type=chunk) [Smart Cable Network Business](index=9&type=section&id=%E6%99%BA%E8%83%BD%E7%BC%86%E7%BD%91%E4%B8%9A%E5%8A%A1) The smart cable network business, a core segment, achieved revenue of **11.49 billion yuan** and net profit of **271 million yuan**, making continuous breakthroughs in clean energy, smart grids, and AI - In the clean energy sector, the company made progress in various sub-markets including marine engineering, wind power, nuclear power, photovoltaics, and energy storage, participating in major domestic and international projects such as the Three Gorges Yangjiang Qingzhou VII Offshore Wind Farm and the 'Hualong One' nuclear power project[37](index=37&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk) - In the smart grid sector, the company's energy-saving conductor products serve over **30** UHV lines nationwide, strengthening the national power backbone network's assurance capability[40](index=40&type=chunk) - In the AI sector, the company has achieved mass supply of high-speed copper cables and other products to leading global AI chip companies, and deepened cooperation with robotics leaders such as UBTECH and ZHIYUAN[41](index=41&type=chunk) [Smart Battery Business](index=10&type=section&id=%E6%99%BA%E8%83%BD%E7%94%B5%E6%B1%A0%E4%B8%9A%E5%8A%A1) The smart battery business achieved revenue of **687 million yuan** and significantly reduced its net loss by **153 million yuan**, focusing on high-end energy storage and consumer battery segments while proactively planning for cutting-edge technologies - In the energy storage sector, the company launched several core new products, including liquid-cooled energy storage systems and outdoor integrated energy storage cabinets, and established strategic partnerships with CATL, Haier New Energy, and others[45](index=45&type=chunk) - In the consumer battery sector, high-capacity cylindrical cells became a significant growth driver, increasing by **125.47%** year-on-year, deepening applications in multiple scenarios such as robotics, low-altitude economy, and smart homes[45](index=45&type=chunk) - In the copper/aluminum foil sector, the company focuses on key customers, increasing the proportion of high-value-added products, and accelerating the R&D and application of high-speed PCB copper foil like HVLP and nickel-plated copper foil for solid-state batteries[46](index=46&type=chunk) [Smart Airport Business](index=11&type=section&id=%E6%99%BA%E6%85%A7%E6%9C%BA%E5%9C%BA%E4%B8%9A%E5%8A%A1) The smart airport business achieved revenue of **751 million yuan** and net profit of **68 million yuan**, solidifying its industry position by winning major airport projects and proactively entering the low-altitude economy - Market expansion: Won bids for multiple major domestic airport projects, with **60** ongoing construction projects (**51** domestic, **9** overseas)[47](index=47&type=chunk) - Smart upgrade: The independently developed lighting station operation and maintenance management platform has been applied in multiple airports, including Beijing Daxing, achieving commercial implementation[47](index=47&type=chunk) - New business layout: Established a Low-Altitude Economy Research Institute to build full-chain service capabilities and accelerate its presence in the emerging low-altitude economy sector[47](index=47&type=chunk) [Analysis of Core Competencies](index=11&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies are reflected in five major advantages: talent, industry, technology, brand, and customers, enabling its leading position and extensive market reach - Industry Advantage: The company is a leader in the cable industry, owning digital lighthouse factories like Nantong Submarine Cable and Yibin Cable, and has established a full battery industry chain from cells to energy storage systems. Its subsidiary, Jinghang'an, is a 'Class A qualified' enterprise in airport professional engineering[50](index=50&type=chunk)[51](index=51&type=chunk)[52](index=52&type=chunk) - Technological Advantage: Led or participated in drafting over **200** international, national, and industry standards. Products like wind power cables have been awarded 'National Single Champion'. Achieved technological breakthroughs through cooperation with leading enterprises in cutting-edge fields such as AI, robotics, and new energy vehicles[53](index=53&type=chunk)[54](index=54&type=chunk)[55](index=55&type=chunk) - Brand and Customer Advantage: Cumulatively undertaken over **1,000** major domestic and international projects, including the 'Hualong One' nuclear power project and Beijing Daxing International Airport. Serves over **10 million** customers, including over **2,000** strategic clients such as Fortune 500 and China Top 500 companies[59](index=59&type=chunk)[60](index=60&type=chunk) [Analysis of Main Business Operations](index=14&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business revenue and costs increased with sales volume, while selling expenses rose due to travel, and administrative and R&D expenses decreased, leading to a significant improvement in operating cash flow Analysis of Changes in Financial Statement Items | Item | Current Period Amount (10k yuan) | Prior Period Amount (10k yuan) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,297,612.59 | 1,134,475.12 | 14.38% | Primarily due to increased sales volume | | Operating Cost | 1,175,348.98 | 1,022,619.87 | 14.94% | Primarily due to increased sales volume | | Selling Expenses | 43,343.15 | 36,676.97 | 18.18% | Primarily due to increased travel expenses for sales personnel | | Administrative Expenses | 20,566.60 | 26,906.84 | -23.56% | Primarily due to decreased remuneration and benefits for management personnel | | R&D Expenses | 29,281.05 | 35,520.86 | -17.57% | Primarily due to decreased R&D material input | | Net Cash Flow from Operating Activities | 43,333.88 | -35,908.74 | 220.68% | Primarily due to increased sales collection in current period | [Analysis of Assets and Liabilities](index=15&type=section&id=%E8%B5%84%E4%BA%A7%E3%80%81%E8%B4%9F%E5%80%BA%E6%83%85%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, total assets increased to **21.14 billion yuan**, with inventories growing due to raw materials, and non-current liabilities due within one year significantly increasing due to reclassification of long-term borrowings Changes in Asset and Liability Status | Item Name | End of Current Period Amount (yuan) | Change from Prior Year-end (%) | Explanation | | :--- | :--- | :--- | :--- | | Inventories | 3,562,600,801.66 | 30.12% | Primarily due to increased raw materials | | Other Receivables | 449,783,977.40 | 35.71% | Primarily due to increased finance lease deposits and intercompany balances | | Non-current Liabilities Due Within One Year | 1,239,554,808.37 | 110.24% | Primarily due to increased long-term borrowings due within one year | | Long-term Borrowings | 660,561,653.55 | -50.66% | Primarily due to reclassification of some long-term borrowings to current liabilities | [Analysis of Investment Status](index=16&type=section&id=%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company's external equity investment increased by **208.92%** to **201 million yuan**, primarily for a capital injection into Far East Cable (Yibin), while major non-equity projects continued to advance - The company injected **200 million yuan** into its subsidiary Far East Cable (Yibin) and participated in establishing Zhanjiang Far East Submarine Cable Co., Ltd[68](index=68&type=chunk) - Progress of major non-equity investment projects: The first phase of Far East Yibin Digital Lighthouse Factory commenced operations in 2023 and is currently in its capacity release period; the first phase of Far East Nantong Submarine Cable Digital Lighthouse Factory has been fully completed and put into operation[69](index=69&type=chunk)[71](index=71&type=chunk) [Analysis of Major Holding and Participating Companies](index=18&type=section&id=%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) During the reporting period, core subsidiary Far East Cable contributed the majority of revenue and profit, while battery and copper foil related subsidiaries remained in a loss-making state, though with narrowing losses Operating Performance of Major Subsidiaries (Unit: 10k yuan) | Company Name | Operating Revenue | Net Profit | | :--- | :--- | :--- | | Far East Cable | 1,147,879.02 | 13,618.02 | | New Far East Cable | 834,298.62 | 283.51 | | Jinghang'an | 75,105.07 | 6,755.69 | | Jiangxi Far East Battery | 27,128.15 | -4,531.16 | | Far East Battery Jiangsu | 8,838.07 | -9,318.04 | | Far East Copper Foil (Yibin) | 19,209.69 | -3,101.74 | [Potential Risks](index=19&type=section&id=%E5%8F%AF%E8%83%BD%E9%9D%A2%E5%AF%B9%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces key risks from macroeconomic fluctuations, market competition, raw material price volatility, and policy changes, which it plans to mitigate through strategic analysis, technological strengthening, and global expansion - Macroeconomic Risk: Global economic uncertainty and uneven recovery of domestic demand may impact market demand[76](index=76&type=chunk) - Market Competition Risk: The cable industry has low concentration, and the energy storage sector has numerous new entrants, leading to fierce competition[78](index=78&type=chunk) - Raw Material Price Risk: Fluctuations in prices of major raw materials such as copper, aluminum, and lithium battery materials significantly impact product costs[80](index=80&type=chunk) - Policy Risk: Adjustments in industrial policies may affect sales and revenue of related businesses[82](index=82&type=chunk) [Corporate Governance, Environment, and Society](index=21&type=section&id=%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section details changes in the company's governance, its profit distribution plans, and the status of its equity incentive and employee stock ownership programs [Changes in Directors, Supervisors, and Senior Management](index=21&type=section&id=%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's board members changed, with Mr. Zhou Xiaoming and Mr. Chen Donghua resigning, and Mr. Zhang Xiaogang and Mr. Shen Yongjian being elected as new directors - Director Zhou Xiaoming and Independent Director Chen Donghua resigned; Zhang Xiaogang was elected as a director, and Shen Yongjian as an independent director[85](index=85&type=chunk) [Profit Distribution Plan](index=21&type=section&id=%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company will not distribute profits or convert capital reserves into share capital for the first half of 2025 - The proposed semi-annual profit distribution plan is no distribution and no capital reserve conversion[86](index=86&type=chunk) [Equity Incentives and Employee Stock Ownership](index=21&type=section&id=%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D) The company continues to advance its employee incentive plans, with the first phase of the employee stock ownership plan completed and a new phase underway, alongside an ongoing controlling shareholder incentive plan for core employees - The company's first phase employee stock ownership plan has been completed, holding **31.70 million shares** (**1.43%** of total share capital)[87](index=87&type=chunk) - The 2025 first phase employee stock ownership plan is currently in progress[88](index=88&type=chunk) - In the controlling shareholder's long-term incentive plan for core employees to increase holdings, **636** core employees collectively hold **22.75 million shares** (**1.03%** of total share capital)[90](index=90&type=chunk) [Significant Matters](index=24&type=section&id=%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section addresses the company's fulfillment of commitments and details its significant guarantee situation, highlighting potential financial risks [Fulfillment of Commitments](index=24&type=section&id=%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) Most commitments by the company and its controlling shareholder were fulfilled, but a commitment regarding related-party transactions was not, prompting the company to pursue legal action - The company's controlling shareholder and actual controller are fulfilling long-term commitments regarding non-compete, related-party transactions, and maintaining independence[94](index=94&type=chunk)[95](index=95&type=chunk)[96](index=96&type=chunk) - A commitment to resolve related-party transactions with Cai Daoguo, Cai Qiang, and Yan Qiu'e was not fulfilled in a timely manner because Jiangxi Far East Battery's asset sale was not appraised, potentially leading to unfair pricing. The company plans to pursue legal action to hold them accountable[96](index=96&type=chunk)[97](index=97&type=chunk) [Significant Guarantees](index=31&type=section&id=%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company's total guarantees amounted to **10.70 billion yuan**, representing **243.23%** of its net assets, indicating high financial leverage and potential risks Company's Total Guarantee Status | Guarantee Status | Amount (10k yuan) | | :--- | :--- | | Total Guarantee Balance at Period-end (A+B) | 1,069,944.60 | | Ratio of Total Guarantees to Company's Net Assets (%) | 243.23% | | Debt Guarantees Provided to Entities with Debt-to-Asset Ratio Exceeding 70% (D) | 390,517.68 | | Amount of Total Guarantees Exceeding 50% of Net Assets (E) | 849,995.67 | [Share Changes and Shareholder Information](index=33&type=section&id=%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section outlines the company's shareholder structure, including the holdings of its top ten shareholders and the status of the controlling shareholder's pledged shares [Shareholder Information](index=34&type=section&id=%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **70,060** common shareholders, with the controlling shareholder's **47.69%** stake largely pledged, and the chairman increasing his holdings Top Ten Shareholders' Holdings | Shareholder Name | Shares Held at Period-end | Percentage (%) | Share Status | | :--- | :--- | :--- | :--- | | Far East Holding Group Co., Ltd. | 1,058,453,851 | 47.69% | Pledged 877,730,000 shares | | Yixing Guoyuan Investment Partnership (Limited Partnership) | 161,579,892 | 7.28% | None | | Zhongyue Far East Elite No. 1 Private Securities Investment Fund | 28,202,400 | 1.27% | None | | Hong Kong Securities Clearing Company Limited | 26,851,241 | 1.21% | None | - During the reporting period, Chairman Jiang Xipei increased his company shareholdings by **120,000 shares**[115](index=115&type=chunk) [Financial Report](index=37&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents a summary of the company's consolidated financial statements, including the balance sheet, income statement, cash flow statement, and key notes [Financial Statement Summary](index=37&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E6%91%98%E8%A6%81) The financial statements show total assets of **21.14 billion yuan**, total liabilities of **16.70 billion yuan**, and an asset-liability ratio of **79.0%**, with operating revenue of **12.98 billion yuan** and net profit attributable to parent company shareholders of **144 million yuan** Consolidated Balance Sheet Summary (June 30, 2025) | Item | Amount (yuan) | | :--- | :--- | | **Total Assets** | **21,143,121,798.25** | | Total Current Assets | 14,538,124,340.01 | | Total Non-current Assets | 6,604,997,458.24 | | **Total Liabilities** | **16,699,779,390.22** | | Total Current Liabilities | 14,940,654,130.97 | | Total Non-current Liabilities | 1,759,125,259.25 | | **Total Owners' Equity** | **4,443,342,408.03** | | Owners' Equity Attributable to Parent Company | 4,398,978,652.67 | Consolidated Income Statement Summary (Jan-Jun 2025) | Item | Amount (yuan) | | :--- | :--- | | Total Operating Revenue | 12,976,125,887.38 | | Total Operating Cost | 12,917,071,190.04 | | Total Profit | 159,639,452.96 | | Net Profit | 137,670,917.74 | | Net Profit Attributable to Parent Company Shareholders | 143,506,028.45 | Consolidated Cash Flow Statement Summary (Jan-Jun 2025) | Item | Amount (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 433,338,819.28 | | Net Cash Flow from Investing Activities | -188,757,140.86 | | Net Cash Flow from Financing Activities | -345,698,969.06 | | Net Increase in Cash and Cash Equivalents | -101,731,733.43 | [Summary of Notes to Consolidated Financial Statements](index=87&type=section&id=%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A%E6%91%98%E8%A6%81) As of the reporting period, accounts receivable totaled **5.55 billion yuan**, inventory book value was **3.56 billion yuan**, and goodwill's original book value was **1.54 billion yuan**, with **932 million yuan** provisioned for impairment - Accounts receivable book value at period-end was **5.55 billion yuan**, with bad debt provisions of **1.03 billion yuan**[283](index=283&type=chunk)[284](index=284&type=chunk) - Inventory book value at period-end was **3.56 billion yuan**, with raw materials accounting for the largest portion at **1.84 billion yuan**[331](index=331&type=chunk) - Goodwill's original book value was **1.54 billion yuan**, with **932 million yuan** provisioned for impairment, resulting in a period-end book value of **604 million yuan**. Impairment is primarily related to Jiangxi Far East Battery and Far East Copper Foil (Jiangsu)[374](index=374&type=chunk)[376](index=376&type=chunk) - The total book value of assets with restricted ownership or use rights was **5.19 billion yuan**, including monetary funds, fixed assets, and intangible assets, primarily pledged and mortgaged for bank borrowings[390](index=390&type=chunk)[392](index=392&type=chunk)

证券代码：600869 股票简称：远东股份 编号：临 2025-077 远东智慧能源股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 8 月 25 日（星期一）至 8 月 29 日（星期五）16:00 前 登 录 上 证 路 演 中 心 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 87249788@600869.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 远东智慧能源股份有限公司（以下简称"公司"）于 2025 年 8 月 23 日披露 2025 年半年度报告，为便于广大投资者更全面深入地了解公司经营成果、财务 状况，公司拟于 2025 年 9 月 1 日（星期一）15:00-17:00 召开 2025 年半年度业 绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 ...

Group 1 - The core point of the news is that Far East Holdings Group has pledged 12 million shares of Far East Co., accounting for 0.54% of the total share capital, to Bank of Communications Wuxi Branch [1] - As of the announcement date, Far East Holdings has cumulatively pledged 878 million shares, which represents 82.93% of its total holdings [1] - After this pledge, the cumulative pledged shares of the top ten shareholders of Far East Co. will be calculated based on the latest financial report [1] Group 2 - Far East Co. reported a revenue of 4.874 billion yuan for Q1 2025, an increase of 1.3% year-on-year [3] - The net profit attributable to shareholders reached 45.9345 million yuan, showing a significant increase of 84.65% year-on-year [3] - The company’s debt ratio stands at 78.65%, with a gross profit margin of 10.69% [3] - The main business areas of Far East Co. include smart cable networks, smart batteries, and smart airports [3]

证券代码：600869 股票简称：远东股份 编号：临 2025-076 远东智慧能源股份有限公司 关于控股股东股份解除质押及再质押的公告 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： 远东控股集团有限公司（以下简称"远东控股"）持有远东智慧能源股 份有限公司（以下简称"公司"）股份数量为 1,058,453,851 股，占公司总股本 比例为 47.69%；远东控股持有公司股份累计质押数量（含本次）为 877,730,000 股，占其持股数量比例为 82.93%。 远东控股及其一致行动人持有公司股份数量为 1,065,884,501 股，占公 司总股本比例为 48.03%；累计质押股份数量（含本次）为 877,730,000 股，占 其持股数量比例为 82.35%。 2025 年 8 月 19 日，公司接到控股股东远东控股的通知，远东控股办理了股 份解除质押及再质押业务，具体如下： | 股东名称 | 远东控股 | | --- | --- | | 本次解质股份（股） | 12,000,000 | | 占其所持股份 ...

Group 1 - The humanoid robot sector is experiencing a significant rally, with multiple companies seeing substantial stock price increases [2] - Jintian Co., Ltd. has achieved a five-day consecutive limit-up, indicating strong investor interest and confidence [2] - Other companies such as Top Group, Hongrun Construction, Chongda Technology, and Far East Holdings have also reached their daily price limits, showcasing a broad market enthusiasm for humanoid robotics [2] Group 2 - Hechuan Technology has surged over 15%, reflecting positive market sentiment towards the sector [2] - Companies like Yian Technology, Runhe Software, and Fengli Intelligent have all increased by over 10%, further indicating a robust performance across the industry [2] - Additional firms including Longsheng Technology, Tuosida, Dingzhi Technology, Henggong Precision, and Longxi Co., Ltd. are also experiencing upward trends in their stock prices [2]

（文章来源：每日经济新闻） 远东股份8月18日晚间发布公告称，截至本公告披露日，公司已完成本次股份回购。公司通过上海证券 交易所系统以集中竞价方式累计回购股份3585.27万股，占公司总股本的比例为1.62%，回购成交的最高 价为5.96元/股、最低价为4.21元/股，回购均价为5.5元/股，支付的资金总额为人民币约1.97亿元。 ...

| 回购方案首次披露日 | 2024/7/23，由公司董事长蒋锡培先生提议 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 22 年 8 月 29 日 | 2024 7 | 月 | 日~2025 | | 预计回购金额 | 15,000万元~20,000万元 | | | | | 回购价格上限 | 7.12元/股 | | | | | 回购用途 | □减少注册资本 | | | | | | √用于员工持股计划或股权激励 | | | | | | □用于转换公司可转债 | | | | | | □为维护公司价值及股东权益 | | | | | 实际回购股数 | 3,585.27万股 | | | | | 实际回购股数占总股本比例 | | 1.62% | | | | 实际回购金额 | 19,728.82万元 | | | | | 实际回购价格区间 | 4.21元/股~5.96元/股 | | | | 证券代码：600869 证券简称：远东股份 公告编号：2025-075 远东智慧能源股份有限公司 关于股份回购实施结果暨股份变动的公告 本公司董事会及全体董事保证本公告内容不 ...

Core Insights - The 2025 World Robot Conference was recently held in Beijing, showcasing advancements in humanoid robotics [1] - The company, Far East Holdings (远东股份), announced that its robotic cables have achieved significant milestones, being integrated into products by UBTECH [1] - The humanoid robot cables developed by the company are crucial for the stable operation of UBTECH's products, including the new generation industrial humanoid robot Walker S2 [1] - Additionally, the company's products for the Zhiyuan humanoid robot have entered the sample testing phase, indicating progress in product development [1] - The company is actively engaging with more high-quality clients within the industry to expand its market presence [1]