? 报备文件 证券代码：600885 证券简称：宏发股份 公告编号：2025-039 宏发科技股份有限公司 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： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 8 月 22 日 (二)股东会召开的地点：厦门宏发电声股份有限公司东林厂区二楼调度会议室 （厦门市集美区东林路 564 号） (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） 57.9761 (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 表决方式符合《公司法》及《公司章程》的规定，大会由郭满金董事长主持。 (五)公司董事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 审议结果：通过 表决情况： 股东类型 同意 反对 弃权 票数 比例（%） 票数 比例 票数 比例 （%） （%） A股 845,935,956 99.9564 292,239 0.0345 75,994 0.0091 ...

(一)股东会召开的时间：2025 年 8 月 22 日 (二)股东会召开的地点：厦门宏发电声股份有限公司东林厂区二楼调度会议室 （厦门市集美区东林路 564 号） (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 759 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 846,304,189 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 57.9761 | 证券代码：600885 证券简称：宏发股份 公告编号：2025-039 宏发科技股份有限公司 2025年第一次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 表决方式符合《公司法》及《公司章程》的规定，大会由郭满金董事长主持。 (五)公司董事和董事会秘书的出席情况 ...

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话:(86-10)5809-1000 传真:(86-10)5809-1100 北京市竞天公诚律师事务所 关于宏发科技股份有限公司 2025年第一次临时股东会的法律意见书 競天公誠律師事務所 JINGTIAN & GONGCHENG 致:宏发科技股份有限公司 北京市竞天公诚律师事务所(以下简称"本所")接受宏发科技股份有限公司 (以下简称"公司")的委托,指派本所吴杰江律师、孙恩惠律师对公司于 2025 年 8 月 22 日 14 点 30 分在厦门宏发电声股份有限公司东林厂区二楼调度会议室 (厦门市集美区东林路 564 号)召开的 2025 年第一次临时股东会(以下简称"本 次股东会")进行见证,并依据《中华人民共和国公司法》等中国现行法律、法 规和其他规范性文件(以下简称"中国法律法规")及《宏发科技股份有限公司章 程》(以下简称"公司章程")的规定,就本次股东会的召集和召开程序、出席会 议人员资格、召集人资格、会议表决程序和表决结果等事宜(以下简称"程序事 宜")出具本法律意见书。 为出具本法律意见书,本所律师审查 ...

Group 1 - The pension funds have invested in 51 stocks, with 19 new entries and 17 increased holdings by the end of Q2, totaling 416 million shares valued at 9.57 billion yuan [1][2] - The largest holding is in CNOOC Development (600968) with 52.10 million shares, followed by Hongfa Technology (600885) with 28.22 million shares [1][2] - 27 stocks have a market value exceeding 100 million yuan, including Chuangfeng Power (603129), Blue Sky Technology (300487), and Hongfa Technology [1][2] Group 2 - The pension fund's longest-held stock is Yangnong Chemical (600486), held for 22 consecutive reporting periods, with a current holding of 5.92 million shares, up 2.51% from the previous quarter [2] - The pension fund's investments are primarily in the main board (35 stocks), with 4 in the Sci-Tech Innovation Board and 12 in the Growth Enterprise Market, focusing on basic chemicals and pharmaceutical industries [2] - Among the stocks held, 35 companies reported profit growth in the first half of the year, with the highest increase of 2063.42% in net profit reported by Rongzhi Rixin [2]

资金方面，宏发股份8月20日主力资金净流入1724.51万元，近五日主力资金净流出2744.63万元。 风险提示：股市有风险，投资需谨慎。 来源：金融界 截至2025年8月20日15时，宏发股份最新股价为25.60元，较前一交易日上涨0.67%。当日开盘价为25.40 元，最高触及25.61元，最低下探至25.23元，成交额4.15亿元，换手率1.12%。 宏发股份主营业务为继电器产品的研发、生产和销售，产品广泛应用于家电、汽车、电力等领域。公司 所属板块包括电网设备、新能源及新材料等。 消息面上，2025年中报显示，保险公司新进入宏发股份前十大流通股东，期末持仓市值达6.3亿元。此 外，基本养老保险基金八零七组合和一五零二二组合合计持有公司2822.27万股，连续多个报告期出现 在前十大流通股东名单中。 ...

Investment Rating - The report maintains a "Buy" rating for the company [6][7]. Core Insights - The company reported a revenue of 8.35 billion yuan for the first half of 2025, representing a year-on-year increase of 15.4%. The net profit attributable to shareholders was 0.96 billion yuan, up 14.2% year-on-year, while the net profit excluding non-recurring items reached 0.93 billion yuan, reflecting a 17.8% increase year-on-year [2][4][11]. - In Q2 2025, the company achieved a revenue of 4.36 billion yuan, a 15.5% increase year-on-year and a 9.6% increase quarter-on-quarter. The net profit attributable to shareholders for the quarter was 0.55 billion yuan, up 13.2% year-on-year and 34.5% quarter-on-quarter [2][4][11]. Revenue Analysis - For the first half of 2025, the company's revenue from relay products was 7.614 billion yuan, a year-on-year increase of 17.3%, while revenue from electrical products was 0.386 billion yuan, down 4.6% year-on-year. The growth in relay product revenue is attributed to strong demand in high-voltage direct current, new energy, automotive, signal, and industrial relays [11]. - Geographically, domestic revenue reached 5.659 billion yuan, up 20.1% year-on-year, while international revenue was 2.370 billion yuan, an increase of 7.4% year-on-year [11]. Profitability Metrics - The gross margin for the first half of 2025 was 34.24%, a decrease of 0.47 percentage points year-on-year. In Q2 2025, the gross margin was 34.67%, showing a slight increase of 0.04 percentage points year-on-year and a 0.90 percentage point increase quarter-on-quarter [11]. - The gross margin for relay products was 35.25%, down 0.83 percentage points year-on-year, while the gross margin for electrical products was 28.09%, up 0.18 percentage points year-on-year [11]. Expense Management - The total expense ratio for the first half of 2025 was 16.34%, a decrease of 1.43 percentage points year-on-year. The sales expense ratio was 2.95%, down 0.16 percentage points; the management expense ratio was 9.01%, down 0.26 percentage points; the R&D expense ratio was 4.53%, down 0.13 percentage points; and the financial expense ratio was -0.14%, down 0.87 percentage points [11]. - In Q2 2025, the total expense ratio was 15.16%, a decrease of 1.30 percentage points year-on-year and 2.48 percentage points quarter-on-quarter, primarily due to a significant decline in financial expenses [11]. Cash Flow and Balance Sheet - The company's operating net cash flow for the first half of 2025 was 0.835 billion yuan, a decrease of 14.8% year-on-year. In Q2 2025, the operating net cash flow was 1.338 billion yuan, an increase of 9.3% year-on-year and a positive turnaround quarter-on-quarter [11]. - As of the end of Q2 2025, inventory stood at 3.082 billion yuan, up 20.0% year-on-year, and the debt-to-asset ratio was 37.40%, a decrease of 1.34 percentage points year-on-year [11].

养老金二级市场上持续落子布局，二季度末共现身32只个股前十大流通股东榜，其中，新进14只，增持 11只。 证券时报·数据宝统计显示，养老金账户最新出现在32只个股前十大流通股东名单中，合计持股量2.86亿 股，期末持股市值合计68.90亿元。 | 代码 | 简称 | 持股量（万股） | 环比（%） | 占流通股比例（%） | 行业 | | --- | --- | --- | --- | --- | --- | | 600968 | 海油发展 | 5210.22 | 5.68 | 0.51 | 石油石化 | | 600885 | 宏发股份 | 2822.27 | 64.93 | 1.93 | 电力设备 | | 000089 | 深圳机场 | 2420.47 | 21.05 | 1.18 | 交通运输 | | 300487 | 蓝晓科技 | 2080.00 | 4.00 | 6.78 | 基础化工 | | 002648 | 卫星化学 | 1996.72 | 新进 | 0.59 | 基础化工 | | 301078 | 孩子王 | 1505.17 | -4.25 | 1.20 | 商贸零售 | | 002043 | ...

据Wind数据统计显示，8月20日，养老金现身9只个股前十大流通股东，合计持股1.09亿股，合计持股市 值达19.92亿元。海油发展、蓝晓科技、华峰铝业持股数量居前，养老金分别持有0.52亿股、0.21亿股、 0.10亿股。从养老金持股市值来看，蓝晓科技、海油发展、羚锐制药排名居前，持股市值分别为10.46亿 元、2.13亿元、1.97亿元。 (本文来自第一财经) 截至8月20日，养老金二季度共现身32只个股前十大流通股东，合计持股2.86亿股，合计持股市值达68.9 亿元。其中，6只个股持股数量超千万，海油发展、宏发股份、深圳机场持股数量居前，养老金分别持 有0.52亿股、0.28亿股、0.24亿股。从养老金持股行业分布来看，主要集中在化工、机械、电气设备， 分别有4只、3只、3只。 ...

Group 1 - The stock price of Hongfa Technology Co., Ltd. was reported at 25.43 yuan as of August 19, 2025, down 1.70% from the previous trading day [1] - The company specializes in the research, production, and sales of relay products, which are widely used in home appliances, automobiles, and electric power sectors [1] - As of August 18, foreign investors held a total of 367 million shares of the company, accounting for 25.113% of the total share capital [1] Group 2 - On August 19, the net inflow of main funds into Hongfa Technology was 3.90 million yuan, while the net outflow over the past five days was 59.36 million yuan [2] - Abu Dhabi Investment Authority held 22.1185 million shares of Hongfa Technology in the second quarter, making it the fourth-largest circulating shareholder [1] - By the end of the second quarter, pension accounts held 28.2227 million shares, with the Basic Pension Insurance Fund's 807 and 15022 portfolios ranking as the ninth and seventh largest circulating shareholders, respectively [1]

从一季报披露的上市公司前十大流通股东名单来看，阿布达比投资局是极少数持仓市值超过100亿元的QFII机构。而根据已经披露的上市公司二季度末前十 大流通股东名单看，阿布达比投资局的持仓市值规模依旧保持领先。 截至8月18日，阿布达比投资局已经出现在10家上市公司的大股东名单之中，该机构在二季度重仓的三家公司值得关注。 生益科技：连续三个季度买入 生益科技可能是阿布达比投资局今年收益最丰厚的个股。 去年四季度，阿布达比投资局持有生益科技1047万股，成为其第十大流通股东。今年一季度末，持股量达到1275.68万股，成为第八大流通股东。今年二季 度，阿布达比投资局继续追加买入近900万股，季度末持有量已达2175万股，成为第六大流通股东。 经过连续三个季度的持续买入，生益科技也没有让阿布达比投资局失望，今年累计涨幅已达90%。 公司2025年半年报显示，上半年公司实现营收126.8亿元，同比增长31.68%；归母净利润为14.26亿元，同比增长52.98%；扣非后归母净利润为13.78亿元，同 比增长51.68%。 今年第二季度，阿布达比投资局持有宏发股份2211.85万股，为宏发股份第四大流通股东。值得注意的是， ...