Group 1 - Changjiang Electric Power's controlling shareholder plans to increase its stake by 4 billion to 8 billion yuan within the next 12 months through secondary market transactions [1] - Goer Technology's subsidiary intends to acquire 100% equity of Shanghai Aolai, enhancing its core competitiveness in micro-nano optical devices [2] - Huakin Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to accelerate internationalization and enhance overseas financing capabilities [3] Group 2 - Shuyou Shen has received a Phase I clinical research summary report for STSP-0902 eye drops, indicating good safety and tolerability [4] - Yuanlin Co. announced that it has no business related to graphene despite a significant stock price increase, emphasizing the lack of relevant technology and talent [5] - Newnow's subsidiary has received approval for clinical trials of SYS6036 injection, a humanized monoclonal antibody for tumor immunotherapy [6] Group 3 - Kaige Precision's net profit increased by 144% year-on-year in the first half of the year, with revenue of 454 million yuan [7][8] - Chipone Technology's shareholders plan to transfer 5% of the company's shares through a pricing inquiry due to personal funding needs [9] - Tailin Micro is planning to acquire all or part of the equity of Shanghai Panqi Microelectronics, with stock suspension expected for up to 10 trading days [10] Group 4 - Sihua New Materials stated that the application of liquid cooling technology will not significantly impact its operating performance in the short term [11] - Xin'ao Co. plans to privatize Xin'ao Energy Holdings through its wholly-owned subsidiary and has completed the necessary regulatory filings [12] - Jingwang Electronics intends to invest 5 billion yuan in expanding its Zhuhai Jinwan base to enhance its competitive advantage in high-end products [13] Group 5 - Huilv Ecology's subsidiary signed contracts for the construction of a light module production base with a total investment of 700 million yuan [14] - Zhongjian Technology has authorized management to initiate preparations for issuing H-shares and listing on the Hong Kong Stock Exchange [15] - Huayang Lianzhong's stock will be subject to risk warnings and will be renamed ST Huayang starting August 26 [16] Group 6 - Shengyang Co. plans to establish a joint venture to enter the open-source Hongmeng ecosystem business with a registered capital of 50 million yuan [18] - Jiangsu Guotai intends to use up to 12 billion yuan of idle funds for entrusted wealth management in low-risk financial products [19] - Ping An Bank reported a 3.9% decline in net profit for the first half of the year, with a proposed cash dividend of 2.36 yuan per 10 shares [20] Group 7 - Shenkong Co. reported a 926% increase in net profit for the first half of the year, driven by demand in the semiconductor industry [21] - Zhangjiang Hi-Tech's net profit grew by 38.64% year-on-year, with revenue of 1.704 billion yuan [22] - Silan Micro achieved a net profit of 265 million yuan in the first half of the year, reversing a loss from the previous year [23] Group 8 - Ganfeng Lithium reported a net loss of 531 million yuan in the first half of the year, impacted by price adjustments in the lithium industry [24] - Zhaoyi Innovation's net profit increased by 11.31% year-on-year, with revenue of 4.15 billion yuan [25] - Dongxin Co. reported a net loss of 111 million yuan in the first half of the year, despite a revenue increase [26] Group 9 - Pizaihuang's net profit decreased by 16.22% year-on-year, with total revenue of 5.379 billion yuan [27] - Luoyang Molybdenum's net profit increased by 60% year-on-year, achieving a revenue of 94.773 billion yuan [28] - Tongwei Co. reported a net loss of 4.955 billion yuan in the first half of the year, primarily due to price adjustments in the photovoltaic industry [29] Group 10 - Chunzong Technology reported a net loss of 40 million yuan in the first half of the year, with a significant revenue decline [30] - China CNR's net profit increased by 72.48% year-on-year, with a proposed cash dividend of 1.1 yuan per 10 shares [31] - Shennuo Bio's shareholders plan to reduce their holdings by up to 3.43% [32]

Core Viewpoint - The company plans to distribute a cash dividend of 0.072 yuan per share (including tax) based on its mid-year financial performance for 2025, reflecting a commitment to shareholder returns [1][2]. Group 1: Cash Dividend Plan - The company reported a net profit attributable to shareholders of 369,146,151.75 yuan for the first half of 2025 [1]. - A total of 111,505,647.6 yuan will be distributed as dividends, which represents 30.2% of the net profit for the same period [1]. - The cash dividend will be based on a total share capital of 1,548,689,550 shares, with a distribution of 0.72 yuan for every 10 shares held [1]. Group 2: Legal and Compliance Aspects - The cash dividend plan complies with relevant regulations, including the "Guidelines for Cash Dividends of Listed Companies" and the company's articles of association [2]. - The board of directors proposed the plan considering the company's development stage and future funding needs, ensuring it does not significantly impact earnings per share or cash flow [2]. Group 3: Decision-Making Process - The company held a shareholders' meeting on June 27, 2025, where the cash dividend conditions were approved, granting the board the authority to implement the specific plan [2][3]. - The board convened on August 22, 2025, to review and approve the cash dividend proposal [3].

Core Points - The company held its 13th meeting of the 9th Board of Directors on August 22, 2025, with all 6 directors participating, complying with relevant laws and regulations [1][2] - The meeting approved the 2025 semi-annual report, which had previously been reviewed by the Audit Committee [1] - The company proposed a mid-term cash dividend plan, distributing RMB 0.72 per 10 shares to all shareholders, totaling RMB 111,505,647.6, which accounts for 30.2% of the net profit attributable to shareholders for the first half of 2025 [1]

其中2025年4--6月，公司房地产业务合同销售面积0.63万平方米，实现合 同销售金额1.90亿元。 公司房地产业务取得租金总收入5.67亿元，同比增加17.01%。 股票代码：600895 股票简称：张江高科 编号：临2025-023 上海张江高科技园区开发股份有限公司 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。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第3号——行 业信息披露》要求，特此公告上海张江高科技园区开发股份有限公司（以下简 称"公司"）2025年第二季度房地产业务主要经营数据： 销售金额11.29亿元，同比增加55.43%。 其中2025年4--6月，公司房地产业务取得租金总收入2.90亿元，同比增加 以上经营数据未经审计，请投资者谨慎使用。 特此公告。 上海张江高科技园区开发股份有限公司董事会 ...

Core Viewpoint - The report highlights the financial performance and strategic initiatives of Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. for the first half of 2025, showcasing significant growth in revenue and profit, alongside ongoing efforts to enhance the innovation ecosystem in Zhangjiang Science City [1][3]. Financial Performance - The company reported a total revenue of approximately RMB 1.70 billion, representing a year-on-year increase of 39.05% compared to RMB 1.23 billion in the same period last year [2][8]. - The total profit reached approximately RMB 474.54 million, up 48.63% from RMB 319.28 million in the previous year [2][8]. - The net profit attributable to shareholders was approximately RMB 369.15 million, reflecting a 38.64% increase from RMB 266.27 million year-on-year [2][8]. - The company declared a cash dividend of RMB 0.72 per share, totaling approximately RMB 111.51 million, which accounts for 30.2% of the net profit for the first half of 2025 [1]. Operational Highlights - The company has focused on developing a comprehensive innovation ecosystem, responding to national strategic opportunities and enhancing the integration of global innovation resources [3][4]. - The revenue from space carrier sales reached approximately RMB 1.13 billion, while rental income was approximately RMB 567 million, indicating strong performance in the real estate segment [4][8]. - The investment management structure has been strengthened, with significant growth in investment income, which increased by 336.75% to approximately RMB 326 million, primarily due to the appreciation of financial assets held [4][8]. Strategic Initiatives - The company aims to support national strategic emerging industries, focusing on integrated circuits, biomedicine, and artificial intelligence, to foster innovation and establish a secure and controllable industrial chain [3][4]. - The establishment of a public service platform for chip testing has benefited over 40 chip design companies, addressing common challenges in the industry [5][6]. - The company has initiated various entrepreneurial programs and competitions to enhance community engagement and attract innovative startups [5][6]. Asset and Investment Analysis - Total assets at the end of the reporting period were approximately RMB 59.75 billion, a slight increase of 0.58% from the previous year [2][8]. - The net assets attributable to shareholders increased by 5.43% to approximately RMB 15.56 billion [2][8]. - The company’s short-term borrowings increased significantly by 131.27% to approximately RMB 5.61 billion, reflecting a strategic move to leverage financing for growth [9][10].

[Section I Definitions](index=4&type=section&id=Section%20I%20Definitions) This section provides definitions of key terms used throughout the report, ensuring clarity and consistency in understanding the disclosed information [Definitions of Common Terms](index=4&type=section&id=Definitions%20of%20Common%20Terms) This section defines core terms used in the report, including the company, reporting period, controlling shareholder, and major subsidiaries, ensuring consistent interpretation of the report - The Company refers to Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd., abbreviated as Zhangjiang Hi-Tech[10](index=10&type=chunk) - The reporting period is from January 1, 2025, to June 30, 2025[10](index=10&type=chunk) - The Company's controlling shareholder is Shanghai Zhangjiang (Group) Co., Ltd[10](index=10&type=chunk) [Section II Company Profile and Key Financial Indicators](index=5&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section presents an overview of the company's fundamental information and key financial performance indicators for the reporting period [I. Company Information](index=5&type=section&id=I.%20Company%20Information) This section provides the company's basic registration information, including its Chinese name, abbreviation, foreign name, and legal representative - The company's Chinese name is Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd., abbreviated as Zhangjiang Hi-Tech[12](index=12&type=chunk) - The company's legal representative is Liu Ying[12](index=12&type=chunk) [II. Contact Person and Information](index=5&type=section&id=II.%20Contact%20Person%20and%20Information) This section lists the contact information for the company's Board Secretary and Securities Affairs Representative, facilitating investor communication - The Board Secretary is Guo Kai, and the Securities Affairs Representative is Shen Dingli[13](index=13&type=chunk) - The contact address for both is 17th Floor, No. 560 Songtao Road, Pudong New Area, Shanghai, and the email address is investors@600895.com[13](index=13&type=chunk) [III. Overview of Basic Information Changes](index=5&type=section&id=III.%20Overview%20of%20Basic%20Information%20Changes) This section provides an overview of changes in the company's basic information, such as registered address, office address, website, and email address - The company's registered address is Room 802, No. 289 Chunxiao Road, China (Shanghai) Pilot Free Trade Zone, and its office address is 17th Floor, No. 560 Songtao Road, Shanghai[14](index=14&type=chunk) - The company's websites are www.600895.com and www.600895.cn[14](index=14&type=chunk) [IV. Overview of Information Disclosure and Document Availability Changes](index=5&type=section&id=IV.%20Overview%20of%20Information%20Disclosure%20and%20Document%20Availability%20Changes) This section specifies the company's designated newspapers and websites for information disclosure, as well as the location for report availability - The company's designated newspapers for information disclosure are "China Securities Journal", "Shanghai Securities News", and "Securities Times"[15](index=15&type=chunk) - The website address for publishing the semi-annual report is www.sse.com.cn[15](index=15&type=chunk) [V. Company Stock Overview](index=5&type=section&id=V.%20Company%20Stock%20Overview) This section provides basic information about the company's stock, including the listing exchange, stock abbreviation, and code - The company's A-shares are listed on the Shanghai Stock Exchange, with stock abbreviation Zhangjiang Hi-Tech and stock code 600895[16](index=16&type=chunk) [VII. Key Accounting Data and Financial Indicators](index=6&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue and net profit both achieved significant growth, with earnings per share and return on net assets substantially increasing year-on-year, demonstrating strong profitability 2025 Semi-Annual Key Accounting Data | Indicator | Current Reporting Period (Jan-Jun) (CNY) | Prior Year Period (CNY) | Change from Prior Year Period (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,703,853,688.95 | 1,225,364,558.33 | 39.05 | | Total Profit | 474,539,665.64 | 319,283,582.08 | 48.63 | | Net Profit Attributable to Shareholders of Listed Company | 369,146,151.75 | 266,270,326.71 | 38.64 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 366,934,378.73 | 262,045,727.33 | 40.03 | | Net Cash Flow from Operating Activities | -934,623,685.30 | -1,945,482,803.01 | 51.96 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 15,556,707,264.07 | 14,755,365,370.20 | 5.43 | | Total Assets (Period-end) | 59,747,638,816.27 | 59,402,514,993.98 | 0.58 | 2025 Semi-Annual Key Financial Indicators | Key Financial Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Change from Prior Year Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 0.23 | 0.17 | 35.29 | | Diluted Earnings Per Share (Yuan/share) | 0.23 | 0.17 | 35.29 | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (Yuan/share) | 0.22 | 0.17 | 29.41 | | Weighted Average Return on Net Assets (%) | 2.63 | 2.12 | Increase by 0.51 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 2.61 | 2.08 | Increase by 0.53 percentage points | [IX. Non-Recurring Gains and Losses Items and Amounts](index=6&type=section&id=IX.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **CNY 2,211,773.02**, primarily from government grants and other non-operating income, while disposal of non-current assets resulted in negative gains and losses 2025 Semi-Annual Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (CNY) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -9,663.02 | | Government grants recognized in current profit or loss | 2,046,033.11 | | Other non-operating income and expenses apart from the above | 913,822.38 | | Less: Income tax impact | 737,548.12 | | Minority interest impact (after tax) | 871.33 | | Total | 2,211,773.02 | [Section III Management Discussion and Analysis](index=8&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive analysis of the company's industry, business operations, core competencies, and key financial performance during the reporting period [I. Description of Industry and Main Business Operations During the Reporting Period](index=8&type=section&id=I.%20Description%20of%20Industry%20and%20Main%20Business%20Operations%20During%20the%20Reporting%20Period) As a key developer and operator of Zhangjiang Science City, the company actively responds to national strategies, focusing on high-potential future industries such as integrated circuits, biomedicine, and artificial intelligence, building an innovation ecosystem by providing full lifecycle space carriers, deploying full industry chain investment funds, and offering innovative services - The company is the only listed company among Zhangjiang Science City's operating entities, actively connecting with global innovation resources and gathering innovation elements[26](index=26&type=chunk) - Main businesses include creating full lifecycle space carriers, deploying full industry chain investment funds (direct investment + funds), and providing infinitely connected innovation services[26](index=26&type=chunk) - The strategic goal is to transform into a technology industry investment holding group, with integrated circuits as the core, and developing future industries such as biomedicine and artificial intelligence[26](index=26&type=chunk) [II. Discussion and Analysis of Operations](index=8&type=section&id=II.%20Discussion%20and%20Analysis%20of%20Operations) During the reporting period, the company's total operating revenue increased by **39.05%** to **CNY 1.704 billion**, and net profit attributable to the parent company increased by **38.64%** to **CNY 369 million**, with positive progress across all business segments including industrial space operations, technology investment empowerment, industrial space construction, and industrial ecosystem development - From January to June 2025, the company's total operating revenue was **CNY 1.704 billion**, a year-on-year increase of **39.05%**; net profit attributable to shareholders of the listed company was **CNY 369 million**, a year-on-year increase of **38.64%**[27](index=27&type=chunk) [ (I) Industrial Space Operations](index=8&type=section&id=(I)%20Industrial%20Space%20Operations) Despite a sluggish industrial park leasing market, the company achieved **CNY 1.129 billion** in space carrier sales revenue and **CNY 567 million** in leasing revenue, leveraging the industrial ecosystem layout of Zhangjiang Science City - The company achieved **CNY 1.129 billion** in space carrier sales revenue and **CNY 567 million** in leasing revenue[27](index=27&type=chunk) - The cold spell in park rental and sales is expected to ease in the second half of the year[27](index=27&type=chunk) [ (II) Technology Investment Empowerment](index=8&type=section&id=(II)%20Technology%20Investment%20Empowerment) The company established an "one body, two wings" industrial investment system, completing the third close of VC fund Suifeng Phase II and progressing with the second close of angel fund Suiyue in the first half of the year, with investment income increasing by **336.75%** to **CNY 326 million**, primarily due to the appreciation in fair value of financial assets - The company has initially established an "one body, two wings" industrial investment system comprising the Investment Management Department, Zhangjiang Haocheng, and Zhangjiang Haoxin[27](index=27&type=chunk) - In the first half of the year, the third close of VC fund Suifeng Phase II was completed, and the second close of angel fund Suiyue is underway[27](index=27&type=chunk) - Investment income (including net gains from fair value changes) reached **CNY 326 million**, a year-on-year increase of **336.75%**, mainly due to the appreciation in fair value of financial assets held by the company[28](index=28&type=chunk) [ (III) Industrial Space Construction](index=8&type=section&id=(III)%20Industrial%20Space%20Construction) The company steadily advances the construction of various product spaces, including R&D offices, talent apartments, and commercial complexes, with the Jishedian 1.0 plan nearing completion, and the Huiyuan Tiandi project further attracting upstream and downstream integrated circuit enterprises to build a complete industrial cluster - The company provides various product spaces such as R&D offices, talent apartments, commercial complexes, and leisure and sports centers[28](index=28&type=chunk) - The Huiyuan Tiandi project will focus on integrated circuit materials and equipment to create a park, achieving complementary advantages and linked development[28](index=28&type=chunk) [ (IV) Industrial Ecosystem Development](index=8&type=section&id=(IV)%20Industrial%20Ecosystem%20Development) The company continues to strengthen innovation and entrepreneurship services, launching a chip testing public service platform, successfully hosting multiple entrepreneurship camps and innovation development promotion conferences, and building five major event brands such as "Chip Talent Service Platform" and "Chip Summit" to establish Zhangjiang's integrated circuit industry ecosystem connector - Zhangjiang's first chip testing public service platform has provided services to over 40 chip design companies, addressing front-end testing challenges[28](index=28&type=chunk) - The 15th season of 895 Entrepreneurship Camp (packaging and testing special session) successfully concluded, and the 16th season (intelligent computing special session) has been upgraded and launched, focusing on computing infrastructure[29](index=29&type=chunk) - Actively hosted the "2025 Shanghai Silicon Photonics Future Industry Innovation Development Promotion Conference" and launched the "Zhangjiang Cup" Silicon Photonics Innovation and Entrepreneurship Competition[30](index=30&type=chunk) - Created five major event brands, including the Zhangjiang "Chip Talent Service Platform" and "Chip Summit", to strengthen the industrial exchange atmosphere[30](index=30&type=chunk) [III. Analysis of Core Competencies During the Reporting Period](index=9&type=section&id=III.%20Analysis%20of%20Core%20Competencies%20During%20the%20Reporting%20Period) Zhangjiang Hi-Tech's core competitiveness is multi-dimensional: physical space advantages in technology real estate, ecological advantages relying on Zhangjiang Science City's leading industrial clusters (integrated circuits, biomedicine, artificial intelligence), professional industrial investment capabilities, and significant advantages in integrating public platform resources (such as chip testing platforms, talent platforms) - In terms of physical space, the company has developed characteristic areas such as the Zhangjiang Northwest Urban Renewal Zone and Shanghai Integrated Circuit Design Industrial Park around technology real estate[31](index=31&type=chunk) - Leveraging Zhangjiang Science City's cluster advantages with integrated circuits, biomedicine, and artificial intelligence as leading industries, it provides a favorable industrial ecosystem for resident enterprises[31](index=31&type=chunk) - Established a professional investment team, deploying a full investment chain from angel, VC, PE to industrial M&A through direct investment, venture capital, and fund establishment[31](index=31&type=chunk) - Integrated public platform resources, built the Zhangjiang Chip Testing Public Service Platform, and created a talent platform to promote deep integration of talent, industry, and innovation chains[32](index=32&type=chunk) [IV. Key Operating Performance During the Reporting Period](index=9&type=section&id=IV.%20Key%20Operating%20Performance%20During%20the%20Reporting%20Period) This section provides a detailed analysis of the company's financial statement item changes, asset and liability status, investment activities, and operating performance of major holding and participating companies during the reporting period, revealing the main drivers of revenue and profit growth, as well as changes in asset and liability structure [ (I) Main Business Analysis](index=9&type=section&id=(I)%20Main%20Business%20Analysis) The company's operating revenue increased by **39.05%**, primarily due to increased revenue from space carriers, but operating costs also significantly increased by **119.60%**. Investment income grew substantially by **422.91%**, while fair value change income decreased by **105.13%**. Net cash flow from operating activities significantly improved, net cash flow from investing activities turned positive, and net cash flow from financing activities substantially decreased Major Financial Statement Item Change Analysis | Item | Current Period (CNY) | Prior Year Period (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,703,853,688.95 | 1,225,364,558.33 | 39.05 | | Operating Cost | 1,073,754,349.74 | 488,959,104.97 | 119.60 | | Selling Expenses | 30,543,662.97 | 15,906,628.28 | 92.02 | | Administrative Expenses | 34,894,753.62 | 43,007,119.99 | -18.86 | | Financial Expenses | 261,305,363.46 | 275,219,423.14 | -5.06 | | Net Cash Flow from Operating Activities | -934,623,685.30 | -1,945,482,803.01 | 51.96 | | Net Cash Flow from Investing Activities | 850,177,754.07 | -1,480,959,714.76 | 157.41 | | Net Cash Flow from Financing Activities | 803,334,609.01 | 3,027,500,763.06 | -73.47 | | Investment Income | 335,224,921.61 | -103,813,945.91 | 422.91 | | Fair Value Change Income | -9,161,410.60 | 178,470,830.33 | -105.13 | | Credit Impairment Losses | -822,697.05 | -2,118,349.30 | 61.16 | | Other Income | 2,421,924.21 | 6,082,432.18 | -60.18 | | Non-Operating Income | 1,011,920.27 | 6,647.04 | 15,123.62 | | Income Tax Expense | 126,518,508.31 | 69,371,131.48 | 82.38 | - Operating revenue increased by **39.05%**, mainly due to increased operating revenue from space carriers[34](index=34&type=chunk) - Investment income increased by **422.91%**, mainly due to the appreciation in fair value of financial assets held by joint ventures[35](index=35&type=chunk) - Net cash flow from operating activities increased by **51.96%**, mainly due to increased cash received from sales of industrial space carriers and reduced project development investment[34](index=34&type=chunk) [ (III) Analysis of Assets and Liabilities](index=10&type=section&id=(III)%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets and net assets both increased. Trading financial assets, accounts receivable, prepayments, short-term borrowings, and non-current liabilities due within one year significantly increased, while other receivables, contract liabilities, employee compensation payable, and taxes payable decreased Changes in Assets and Liabilities | Item Name | Period-end Amount (CNY) | Period-end % of Total Assets | Prior Year-end Amount (CNY) | Prior Year-end % of Total Assets | Period-end Change from Prior Year-end (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | 437,904,321.47 | 0.73 | 250,822,888.07 | 0.42 | 74.59 | | Accounts Receivable | 163,244,208.63 | 0.27 | 107,394,164.00 | 0.18 | 52.00 | | Prepayments | 1,321,042.11 | 0.00 | 727,444.10 | 0.00 | 81.60 | | Other Receivables | 72,238,288.72 | 0.12 | 174,195,231.31 | 0.29 | -58.53 | | Long-term Deferred Expenses | 2,245,777.05 | 0.00 | 4,894,589.87 | 0.01 | -54.12 | | Short-term Borrowings | 5,613,950,000.00 | 9.40 | 2,427,400,000.00 | 4.09 | 131.27 | | Contract Liabilities | 73,743,825.24 | 0.12 | 401,725,054.22 | 0.68 | -81.64 | | Employee Compensation Payable | 13,529,827.66 | 0.02 | 37,927,300.95 | 0.06 | -64.33 | | Taxes Payable | 79,382,176.71 | 0.13 | 323,793,299.73 | 0.55 | -75.48 | | Other Payables | 3,197,576,146.83 | 5.35 | 1,913,316,259.40 | 3.22 | 67.12 | | Non-current Liabilities Due Within One Year | 5,606,473,212.51 | 9.38 | 2,911,584,051.34 | 4.90 | 92.56 | | Other Current Liabilities | 602,561,095.89 | 1.01 | 1,017,519,956.35 | 1.71 | -40.78 | - Trading financial assets increased by **74.59%** at period-end, mainly due to an increase in wealth management products held at the end of the current period[39](index=39&type=chunk) - Short-term borrowings increased by **131.27%** at period-end, mainly due to an increase in the company's short-term borrowings in the current period[39](index=39&type=chunk) - Contract liabilities decreased by **81.64%** at period-end, mainly due to the recognition of revenue from some industrial space carrier sales in the current period[39](index=39&type=chunk) [ (IV) Analysis of Investment Status](index=11&type=section&id=(IV)%20Analysis%20of%20Investment%20Status) During the reporting period, the company's external equity investment decreased significantly by **80.46%** year-on-year, with new investments primarily in infrastructure funds and sci-tech innovation center private equity investment funds. The total fair value of financial assets measured at fair value slightly decreased, but the amount of wealth management product purchases significantly increased Current Year External Equity Investment | Indicator | Amount (CNY 10,000) | | :--- | :--- | | Company's investment during the reporting period | 6,000.00 | | Change in company's investment from prior year | -24,704.00 | | Company's investment in prior year period | 30,704.00 | | Change in company's investment during the reporting period (%) | -80.46 | - New equity investments include Galaxy Jinhui Xinxing No. 1 Infrastructure Fund Strategy FOF Single Asset Management Plan (**CNY 40 million**) and capital increase in Shanghai Sci-Tech Innovation Center Phase II Private Equity Investment Fund Partnership (Limited Partnership) (**CNY 20 million**)[48](index=48&type=chunk) Changes in Financial Assets Measured at Fair Value | Asset Category | Beginning Balance (CNY) | Fair Value Change Gains/Losses in Current Period (CNY) | Amount Purchased in Current Period (CNY) | Amount Sold/Redeemed in Current Period (CNY) | Ending Balance (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets - Equity Instrument Investments | 150,822,888.07 | 7,547,277.53 | 0 | 108,673,171.86 | 47,904,321.47 | | Trading Financial Assets - Wealth Management Products | 100,000,000.00 | 0 | 1,560,000,000.00 | 1,270,000,000.00 | 390,000,000.00 | | Other Non-current Financial Assets - Equity Instrument Investments | 2,189,734,771.92 | -44,399,555.31 | 0 | 0 | 2,142,357,265.89 | | Other Non-current Financial Assets - Fund Investments | 7,159,525,598.44 | 27,690,867.18 | 60,000,000.00 | 275,457,113.01 | 6,970,182,855.02 | | Total | 9,600,083,258.43 | -9,161,410.60 | 1,620,000,000.00 | 1,654,130,284.87 | 9,550,444,442.38 | [ (VI) Analysis of Major Holding and Participating Companies](index=14&type=section&id=(VI)%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) This section analyzes the operating performance of the company's major holding and participating companies, with Shanghai Zhangjiang Integrated Circuit Industrial Park Development Co., Ltd., Shanghai Zhangjiang Haocheng Venture Capital Co., Ltd., and Shanghai Haoju Real Estate Co., Ltd. significantly contributing to the company's net profit. The performance of some subsidiaries fluctuated significantly year-on-year, mainly due to factors such as sales revenue of space carriers, fair value changes of financial assets, and increased operating expenses Operating Performance of Subsidiaries and Associates Contributing Over 10% to Company's Net Profit | Company Name | Operating Revenue (CNY 10,000) | Operating Profit (CNY 10,000) | Net Profit (CNY 10,000) | Contribution to Consolidated Net Profit (CNY 10,000) | % of Listed Company's Net Profit | | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Zhangjiang Integrated Circuit Industrial Park Development Co., Ltd. | 61,594.03 | 21,109.80 | 16,131.58 | 16,131.58 | 43.70 | | Shanghai Haoju Real Estate Co., Ltd. | 77,287.62 | 12,064.64 | 9,048.48 | 9,048.48 | 24.51 | | Shanghai Zhangjiang Haocheng Venture Capital Co., Ltd. | -2.71 | 31,576.82 | 23,630.68 | 23,630.59 | 64.01 | - Shanghai Zhangjiang Integrated Circuit Industrial Park Development Co., Ltd.'s net profit decreased year-on-year, mainly due to reduced sales revenue from space carriers[58](index=58&type=chunk) - Shanghai Zhangjiang Haocheng Venture Capital Co., Ltd.'s net profit significantly increased year-on-year, mainly due to the appreciation in fair value of financial assets held by joint ventures[58](index=58&type=chunk) - Shanghai Haoju Real Estate Co., Ltd.'s net profit significantly increased year-on-year, mainly due to increased sales and leasing revenue from industrial space carriers[58](index=58&type=chunk) [V. Other Disclosure Matters](index=17&type=section&id=V.%20Other%20Disclosure%20Matters) The company faces surrounding park competition and long capital recovery cycle risks for industrial real estate, but actively responds by enhancing product competitiveness and expanding financing channels to ensure stable development. Concurrently, the company continues to deepen its "investment, recruitment, incubation, service" industrial cultivation system, promote the development of the entire integrated circuit industry chain, and is committed to building a "Sci-Tech Innovation Night City" desired by young talents [ (I) Potential Risks](index=17&type=section&id=(I)%20Potential%20Risks) The company faces risks from intensified competition from surrounding parks potentially impacting rental income, and the long capital recovery cycle and high capital investment of the industrial real estate business model posing challenges to financing capabilities - Increased supply and lower rental prices in surrounding parks may affect the company's rental income[60](index=60&type=chunk) - The industrial real estate business model has a long capital recovery cycle and high capital investment for new projects, posing challenges to operating cash flow and financing capabilities[60](index=60&type=chunk) - The company actively responds by enhancing product competitiveness, deploying ecological and capital chains, and promoting REITs and innovative financing tools to mitigate risks[60](index=60&type=chunk) [ (II) Other Disclosure Matters](index=17&type=section&id=(II)%20Other%20Disclosure%20Matters) The company continues to advance its "quality improvement, efficiency enhancement, and return focus" action plan, deepening the "investment, recruitment, incubation, service" industrial cultivation system, focusing on the development of the entire integrated circuit industry chain, and building a "Sci-Tech Innovation Night City" desired by young talents through "talent attraction, enterprise gathering, and platform building" - The company deepens its "investment, recruitment, incubation, service" industrial cultivation model, builds an "one body, two wings" industrial investment system, and precisely introduces key projects[62](index=62&type=chunk)[63](index=63&type=chunk) - Formulated the Jishedian 2.0 planning scheme, focusing on "intelligent terminals", "intelligent computing centers", and "satellite internet" to build a national strategic carrying zone[64](index=64&type=chunk) - Through talent service platforms, industrial exchange platforms, and public service platforms, it aims to create a "Sci-Tech Innovation Night City" desired by young talents, including launching a chip testing public service platform[64](index=64&type=chunk)[65](index=65&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=19&type=section&id=Section%20IV%20Corporate%20Governance,%20Environment,%20and%20Society) This section details changes in the company's governance structure, profit distribution plans, and efforts in social responsibility and rural revitalization [I. Changes in Directors, Supervisors, and Senior Management](index=19&type=section&id=I.%20Changes%20in%20Directors,%20Supervisors,%20and%20Senior%20Management) During the reporting period, there was a change in the company's board of directors, with Mr. Ge Haihu elected as a director of the company's Ninth Board of Directors - On June 27, 2025, Mr. Ge Haihu was elected as a director of the company's Ninth Board of Directors[73](index=73&type=chunk) [II. Profit Distribution or Capital Reserve Conversion Plan](index=19&type=section&id=II.%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company's board of directors approved the semi-annual profit distribution plan, proposing to distribute a cash dividend of **CNY 0.72** (including tax) per 10 shares to all shareholders, totaling **CNY 111,505,647.60** in dividends, accounting for **30.2%** of the consolidated net profit attributable to the parent company for the first half of the year - The company proposes to distribute a cash dividend of **CNY 0.72** (including tax) per 10 shares to all shareholders[74](index=74&type=chunk) - A total dividend of **CNY 111,505,647.60** will be distributed, accounting for **30.2%** of the consolidated net profit attributable to shareholders of the listed company for the first half of 2025[74](index=74&type=chunk) [V. Specifics of Consolidating Poverty Alleviation Achievements and Rural Revitalization Efforts](index=20&type=section&id=V.%20Specifics%20of%20Consolidating%20Poverty%20Alleviation%20Achievements%20and%20Rural%20Revitalization%20Efforts) The company adheres to Party building-led rural revitalization efforts, focusing on "smart villages" to promote "smart elder care" projects in four paired villages in Zhoupu Town, Pudong New Area, and successfully establishing Pudong New Area's first "smart elder care neighborhood point" benchmark project, helping to achieve the goal of "elderly care and enjoyment" in rural areas - The company focuses on "smart villages" to promote the implementation of "smart elder care" projects in four paired villages in Zhoupu Town, Pudong New Area[76](index=76&type=chunk) - In early 2025, the company's benchmark project, Pudong New Area's first "smart elder care neighborhood point" in Shenxi Village, was completed and put into use[76](index=76&type=chunk) [Section V Significant Matters](index=21&type=section&id=Section%20V%20Significant%20Matters) This section outlines the fulfillment of significant commitments and details major related party transactions during the reporting period [I. Fulfillment of Commitments](index=21&type=section&id=I.%20Fulfillment%20of%20Commitments) The company's controlling shareholder, Shanghai Zhangjiang (Group) Co., Ltd., continues to fulfill its commitment to resolve horizontal competition, ensuring Zhangjiang Hi-Tech enjoys priority in the injection of quality assets and transfer of related businesses, and strictly adhered to its commitments during the reporting period - The company's controlling shareholder commits that Zhangjiang Hi-Tech shall have priority under equal conditions to acquire effective quality assets cultivated within Zhangjiang Hi-Tech Park[78](index=78&type=chunk) - The controlling shareholder commits that if its controlled subsidiaries engage in businesses that constitute substantial competition with Zhangjiang Hi-Tech's main business, it will facilitate the transfer of relevant assets to Zhangjiang Hi-Tech or enable it to obtain control[78](index=78&type=chunk) - During the reporting period, the controlling shareholder strictly fulfilled its relevant commitments[78](index=78&type=chunk) [X. Significant Related Party Transactions](index=22&type=section&id=X.%20Significant%20Related%20Party%20Transactions) During the reporting period, the company had related party transactions with its controlling shareholder and its subsidiaries related to daily operations, primarily property leasing income, amounting to **CNY 10,201,402.51**. Additionally, the company had related party debt and credit transactions, with a period-end balance of **CNY 72,000,000.00** in funds provided by related parties [ (I) Related Party Transactions Related to Daily Operations](index=22&type=section&id=(I)%20Related%20Party%20Transactions%20Related%20to%20Daily%20Operations) The company's subsidiary, Shanghai Zhangjiang Integrated Circuit Industrial Park Development Co., Ltd., leased office buildings to the controlling shareholder, Shanghai Zhangjiang (Group) Co., Ltd., recognizing **CNY 10,201,402.51** in rental income during the reporting period Related Party Transactions Related to Daily Operations | Related Party | Related Party Transaction Type | Related Party Transaction Content | Related Party Transaction Amount (CNY) | % of Similar Transaction Amount | | :--- | :--- | :--- | :--- | :--- | | Shanghai Zhangjiang (Group) Co., Ltd. | Park comprehensive development - Leasing | Leasing office building No. 13-17, No. 1387 Zhangdong Road | 10,201,402.51 | 1.80 | - The lease contract is from January 1, 2021, to December 31, 2025, with a rent of **CNY 3.68/day/square meter**[81](index=81&type=chunk) [ (IV) Related Party Debt and Credit Transactions](index=23&type=section&id=(IV)%20Related%20Party%20Debt%20and%20Credit%20Transactions) The company has related party debt and credit transactions with Shanghai Zhangjiang Medical Device Industrial Development Co., Ltd. and Shanghai Zhangjiang New Hope Enterprise Co., Ltd. At period-end, the total balance of funds provided by related parties to the listed company was **CNY 72,000,000.00**, primarily due to the extension of shareholder loans Funds Provided by Related Parties to the Listed Company | Related Party | Related Party Relationship | Beginning Balance (CNY) | Amount Incurred (CNY) | Ending Balance (CNY) | | :--- | :--- | :--- | :--- | :--- | | Shanghai Zhangjiang Medical Device Industrial Development Co., Ltd. | Controlling shareholder's controlled subsidiary | 24,000,000.00 | 0 | 24,000,000.00 | | Shanghai Zhangjiang New Hope Enterprise Co., Ltd. | Associate | 48,000,000.00 | 0 | 48,000,000.00 | | Total | / | 72,000,000.00 | 0 | 72,000,000.00 | - The outstanding principal of the loan provided by Shanghai Zhangjiang Medical Device Industrial Development Co., Ltd. to Shanghai Jiechang Industrial Co., Ltd. is **CNY 24 million**, extended for 36 months until November 13, 2026[83](index=83&type=chunk)[84](index=84&type=chunk) - The loan of **CNY 48 million** from Shanghai Zhangjiang New Hope Enterprise Co., Ltd. has been extended for one year, with an interest rate of the bank's benchmark one-year loan rate minus 85 basis points for the same period[84](index=84&type=chunk) [Section VI Share Changes and Shareholder Information](index=25&type=section&id=Section%20VI%20Share%20Changes%20and%20Shareholder%20Information) This section provides an overview of the company's share capital changes and detailed information regarding its shareholder structure [I. Share Capital Changes](index=25&type=section&id=I.%20Share%20Capital%20Changes) During the reporting period, there were no changes in the company's total share capital or share structure, remaining stable - During the reporting period, there were no changes in the company's total share capital or share structure[87](index=87&type=chunk) [II. Shareholder Information](index=25&type=section&id=II.%20Shareholder%20Information) As of the end of the reporting period, the total number of common shareholders was **173,962**. The top ten shareholders held a relatively high concentration of shares, with the controlling shareholder, Shanghai Zhangjiang (Group) Co., Ltd., holding **50.75%** of the shares - As of the end of the reporting period, the total number of common shareholders was **173,962**[88](index=88&type=chunk) Top Ten Shareholders' Shareholding as of the End of the Reporting Period | Shareholder Name | Period-end Shareholding (shares) | % | Shareholder Nature | | :--- | :--- | :--- | :--- | | Shanghai Zhangjiang (Group) Co., Ltd. | 786,036,600 | 50.75 | State | | Hong Kong Securities Clearing Company Limited | 47,536,226 | 3.07 | Overseas Legal Person | | Central Huijin Asset Management Co., Ltd. | 40,120,590 | 2.59 | State-owned Legal Person | | Agricultural Bank of China Co., Ltd. - CSI 500 ETF | 11,458,913 | 0.74 | Other | | Industrial and Commercial Bank of China Co., Ltd. - Southern CSI All-Index Real Estate ETF | 9,882,736 | 0.64 | Other | | Industrial and Commercial Bank of China Co., Ltd. - CSI Shanghai State-owned Enterprises ETF | 8,019,240 | 0.52 | Other | | Bank of China Co., Ltd. - Noah Optimized Allocation Mixed Fund | 6,649,400 | 0.43 | Other | | Chen Yupeng | 3,053,800 | 0.20 | Domestic Natural Person | | Liu Zhenwei | 2,835,000 | 0.18 | Domestic Natural Person | | China Construction Bank Co., Ltd. - Yinhua CSI Mainland Real Estate Theme ETF | 2,291,200 | 0.15 | Other | - There is no associated relationship between the controlling shareholder, Shanghai Zhangjiang (Group) Co., Ltd., and other shareholders, and they do not constitute parties acting in concert[91](index=91&type=chunk) [Section VII Bond-Related Information](index=28&type=section&id=Section%20VII%20Bond-Related%20Information) This section provides comprehensive details on the company's corporate bonds and debt financing instruments, including issuance, utilization of proceeds, and key financial indicators related to debt [I. Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=28&type=section&id=I.%20Corporate%20Bonds%20(Including%20Enterprise%20Bonds)%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) The company has issued multiple tranches of corporate bonds and non-financial enterprise debt financing instruments, with a high total balance. Proceeds are primarily used to repay/replace corporate bond principal, with some specifically allocated to green projects and technology innovation projects. During the reporting period, the corporate bond repayment plans and safeguard measures were effectively implemented, with no violations occurring [ (I) Corporate Bonds (Including Enterprise Bonds)](index=28&type=section&id=(I)%20Corporate%20Bonds%20(Including%20Enterprise%20Bonds)) The company has issued multiple tranches of corporate bonds, including innovation and entrepreneurship green special corporate bonds, publicly issued corporate bonds to professional investors, and technology innovation corporate bonds, with a total bond balance of **CNY 4.97 billion**. All bonds are traded on the Shanghai Stock Exchange, accrue interest annually on a simple interest basis, and have been effectively executed Basic Information on Corporate Bonds | Bond Name | Abbreviation | Code | Issue Date | Maturity Date | Bond Balance (CNY 100 million) | Interest Rate (%) | Trading Venue | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2021 Publicly Issued Innovation and Entrepreneurship Green Special Corporate Bonds | G21 Zhangjiang 1 | 188126 | 2021/5/21 | 2026/5/25 | 10.80 | 3.68 | Shanghai Stock Exchange | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2021 Publicly Issued Corporate Bonds (Tranche 1) Type 2 to Professional Investors | 21 Zhangjiang 02 | 188406 | 2021/7/15 | 2026/7/19 | 5.00 | 3.49 | Shanghai Stock Exchange | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2023 Publicly Issued Technology Innovation Corporate Bonds (Tranche 2) to Professional Investors (Specifically for Integrated Circuits) | 23 Zhangjiang K3 | 115566 | 2023/7/3 | 2028/7/5 | 5.20 | 2.85 | Shanghai Stock Exchange | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2024 Publicly Issued Corporate Bonds (Tranche 1) to Professional Investors | 24 Zhangjiang 01 | 240960 | 2024/5/8 | 2027/5/10 | 8.00 | 2.39 | Shanghai Stock Exchange | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2024 Publicly Issued Corporate Bonds (Tranche 2) to Professional Investors | 24 Zhangjiang 02 | 241193 | 2024/7/12 | 2029/7/16 | 10.00 | 2.32 | Shanghai Stock Exchange | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2024 Publicly Issued Corporate Bonds (Tranche 3) to Professional Investors | 24 Zhangjiang 03 | 241865 | 2024/11/6 | 2027/11/8 | 5.00 | 2.29 | Shanghai Stock Exchange | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2025 Publicly Issued Corporate Bonds (Tranche 1) to Professional Investors | 25 Zhangjiang 01 | 242926 | 2025/5/8 | 2028/5/12 | 9.70 | 1.98 | Shanghai Stock Exchange | - The company's outstanding corporate bonds have no guarantees or other credit enhancement measures, and the repayment plans and safeguard measures are consistent with the prospectus and have been effectively implemented[100](index=100&type=chunk) [ (II) Corporate Bond Proceeds Utilization](index=30&type=section&id=(II)%20Corporate%20Bond%20Proceeds%20Utilization) The total proceeds from the company's 2025 Tranche 1 Corporate Bonds (25 Zhangjiang 01) amounted to **CNY 970 million**, all of which have been used to repay/replace the principal of puttable corporate bonds (23 Zhangjiang 02, 23 Zhangjiang K1), with the use of proceeds complying with agreed purposes and management regulations 25 Zhangjiang 01 Proceeds Utilization | Bond Code | Bond Abbreviation | Total Proceeds (CNY 100 million) | Actual Amount Used in Reporting Period (CNY 100 million) | Amount Used to Repay Corporate Bonds (CNY 100 million) | | :--- | :--- | :--- | :--- | :--- | | 242926 | 25 Zhangjiang 01 | 9.70 | 9.70 | 9.70 | - After deducting issuance expenses, all proceeds were used to repay/replace the principal of puttable corporate bonds (23 Zhangjiang 02, 23 Zhangjiang K1)[102](index=102&type=chunk)[104](index=104&type=chunk) - The use of proceeds and management of special proceeds accounts are compliant and conform to local government debt management regulations[104](index=104&type=chunk) [ (III) Other Matters to be Disclosed for Special Bond Categories](index=31&type=section&id=(III)%20Other%20Matters%20to%20be%20Disclosed%20for%20Special%20Bond%20Categories) The company issued green corporate bonds (G21 Zhangjiang 1) and technology innovation corporate bonds (G21 Zhangjiang 1, 23 Zhangjiang K3). The green bond proceeds were used for a high-end intelligent pure electric vehicle project, and the technology innovation bond proceeds were used for the development and construction of an integrated circuit design industrial park, both achieving good progress and promoting technology innovation and industrial development - G21 Zhangjiang 1 is a green bond and innovation and entrepreneurship corporate bond, with **CNY 1.08 billion** in proceeds fully invested in Shanghai Yuanjie Intelligent Technology Equity Investment Fund Partnership (Limited Partnership)[106](index=106&type=chunk)[110](index=110&type=chunk) - This fund specifically invests in high-end intelligent pure electric vehicle projects, with multiple IM Motors models progressing as planned, achieving **65,505** units sold in 2024, a year-on-year increase of **71%**[106](index=106&type=chunk)[107](index=107&type=chunk)[111](index=111&type=chunk) - 23 Zhangjiang K3 is a technology innovation corporate bond, with **CNY 520 million** in proceeds used for the development and construction of the integrated circuit design industrial park, which has formed a complete integrated circuit industry chain[111](index=111&type=chunk) [ (IV) Significant Corporate Bond Matters During the Reporting Period](index=35&type=section&id=(IV)%20Significant%20Corporate%20Bond%20Matters%20During%20the%20Reporting%20Period) At the end of the reporting period, the company's consolidated non-operating intercompany receivables and fund borrowings balance was **CNY 0**, with no overdue interest-bearing debt. The company's consolidated interest-bearing debt balance was **CNY 28.726 billion**, a year-on-year increase of **1.44%**, with **41.16%** of debt maturing within 1 year - At the end of the reporting period, the company's consolidated non-operating intercompany receivables and fund borrowings totaled **CNY 0**, having fully implemented the repayment arrangements disclosed in previous reporting periods[113](index=113&type=chunk) Consolidated Interest-Bearing Debt Structure (Period-end) | Interest-Bearing Debt Category | Within 1 Year (Incl.) (CNY 100 million) | Over 1 Year (Excl.) (CNY 100 million) | Total Amount (CNY 100 million) | % of Interest-Bearing Debt | | :--- | :--- | :--- | :--- | :--- | | Corporate Credit Bonds | 27.81 | 60.87 | 88.68 | 30.87 | | Bank Loans | 90.42 | 108.16 | 198.58 | 69.13 | | Total | 118.23 | 169.03 | 287.26 | — | - At the end of the reporting period, the company's consolidated interest-bearing debt balance was **CNY 28.726 billion**, a year-on-year increase of **1.44%**[115](index=115&type=chunk) - During the reporting period, neither the company nor its subsidiaries had overdue interest-bearing debt exceeding **CNY 10 million** or overdue corporate credit bonds[119](index=119&type=chunk) [ (V) Non-Financial Enterprise Debt Financing Instruments in the Interbank Bond Market](index=37&type=section&id=(V)%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments%20in%20the%20Interbank%20Bond%20Market) The company has issued multiple tranches of medium-term notes and super short-term commercial papers in the interbank bond market, with a high total balance. All debt financing instruments accrue interest annually on a simple interest basis, and the repayment plans and safeguard measures are consistent with the prospectus and have been effectively implemented, with no risk of delisting Basic Information on Non-Financial Enterprise Debt Financing Instruments | Bond Name | Abbreviation | Code | Issue Date | Maturity Date | Bond Balance (CNY 100 million) | Interest Rate (%) | Trading Venue | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2023 First Tranche Medium-Term Notes | 23 Zhangjiang Gaoke MTN001 | 102380849 | 2023/4/11 | 2028/4/13 | 10.00 | 3.08 | Interbank Bond Market | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2024 First Tranche Medium-Term Notes | 24 Zhangjiang Gaoke MTN001 | 102481378 | 2024/4/8 | 2027/4/10 | 10.00 | 2.57 | Interbank Bond Market | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2024 Second Tranche Medium-Term Notes | 24 Zhangjiang Gaoke MTN002 | 102483155 | 2024/7/22 | 2027/7/24 | 8.00 | 2.15 | Interbank Bond Market | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2024 Third Tranche Medium-Term Notes | 24 Zhangjiang Gaoke MTN003 | 102484707 | 2024/10/28 | 2027/10/30 | 8.50 | 2.71 | Interbank Bond Market | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2024 Fourth Tranche Medium-Term Notes | 24 Zhangjiang Gaoke MTN004 | 102484868 | 2024/11/11 | 2027/11/13 | 8.00 | 2.49 | Interbank Bond Market | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2025 First Tranche Medium-Term Notes | 25 Zhangjiang Gaoke MTN001 | 102580536 | 2025/2/12 | 2028/2/14 | 7.00 | 2.15 | Interbank Bond Market | | Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. 2025 First Tranche Super Short-Term Commercial Paper | 25 Zhangjiang Gaoke SCP001 | 012580846 | 2025/4/9 | 2025/11/28 | 6.00 | 1.90 | Interbank Bond Market | - The company's outstanding corporate bonds have no guarantees or other credit enhancement measures, and the repayment plans and safeguard measures are consistent with the prospectus and have been effectively implemented[122](index=122&type=chunk) [ (VII) Key Accounting Data and Financial Indicators](index=39&type=section&id=(VII)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) At the end of the reporting period, the company's current ratio and quick ratio decreased, while the asset-liability ratio decreased by **1.26 percentage points** to **67.78%**. Net profit after deducting non-recurring gains and losses and interest coverage ratio both significantly increased, and cash interest coverage ratio substantially improved, indicating an improvement in the company's solvency Key Financial Indicators | Key Indicator | Current Period-end | Prior Year-end | Period-end Change from Prior Year-end (%) | | :--- | :--- | :--- | :--- | | Current Ratio | 1.03 | 1.39 | -25.90 | | Quick Ratio | 0.25 | 0.26 | -3.85 | | Asset-Liability Ratio (%) | 67.78 | 69.04 | Decrease by 1.26 percentage points | | Net Profit After Deducting Non-Recurring Gains and Losses | 366,934,378.73 | 262,045,727.33 | 40.03 | | EBITDA to Total Debt Ratio | 0.02 | 0.02 | 0.00 | | Interest Coverage Ratio | 1.98 | 1.49 | 33.23 | | Cash Interest Coverage Ratio | -0.54 | -3.23 | 83.34 | | EBITDA Interest Coverage Ratio | 2.01 | 1.51 | 32.89 | | Loan Repayment Rate (%) | 100.00 | 100.00 | - | | Interest Payment Rate (%) | 100.00 | 100.00 | - | - Cash interest coverage ratio significantly increased by **83.34%**, mainly due to the increase in net cash flow from operating activities in the current period compared to the prior year period[124](index=124&type=chunk) [Section VIII Financial Report](index=40&type=section&id=Section%20VIII%20Financial%20Report) This section presents the complete set of consolidated and parent company financial statements, along with detailed notes on accounting policies, taxation, and specific financial items [II. Financial Statements](index=40&type=section&id=II.%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025, comprehensively presenting the company's financial position, operating results, and cash flow situation [Consolidated Balance Sheet](index=40&type=section&id=Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's total assets were **CNY 59.748 billion**, and net assets attributable to shareholders of the listed company were **CNY 15.557 billion**. Total current assets were **CNY 22.227 billion**, and total non-current assets were **CNY 37.521 billion**. Total current liabilities were **CNY 21.637 billion**, and total non-current liabilities were **CNY 18.857 billion** Consolidated Balance Sheet Key Data | Item | June 30, 2025 (CNY) | December 31, 2024 (CNY) | | :--- | :--- | :--- | | Total Assets | 59,747,638,816.27 | 59,402,514,993.98 | | Total Current Assets | 22,227,092,295.04 | 23,800,541,233.37 | | Total Non-current Assets | 37,520,546,521.23 | 35,601,973,760.61 | | Total Liabilities | 40,494,626,161.20 | 41,008,919,238.36 | | Total Current Liabilities | 21,637,211,829.79 | 17,119,641,820.74 | | Total Non-current Liabilities | 18,857,414,331.41 | 23,889,277,417.62 | | Total Owners' Equity Attributable to Parent Company | 15,556,707,264.07 | 14,755,365,370.20 | | Total Owners' Equity | 19,253,012,655.07 | 18,393,595,755.62 | [Parent Company Balance Sheet](index=42&type=section&id=Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were **CNY 30.028 billion**, and total owners' equity was **CNY 8.411 billion**. Total current assets were **CNY 7.391 billion**, and total non-current assets were **CNY 22.638 billion**. Total current liabilities were **CNY 13.948 billion**, and total non-current liabilities were **CNY 7.670 billion** Parent Company Balance Sheet Key Data | Item | June 30, 2025 (CNY) | December 31, 2024 (CNY) | | :--- | :--- | :--- | | Total Assets | 30,028,384,142.51 | 28,228,458,353.40 | | Total Current Assets | 7,390,855,304.37 | 5,653,293,606.15 | | Total Non-current Assets | 22,637,528,838.14 | 22,575,164,747.25 | | Total Liabilities | 21,617,841,270.70 | 20,158,790,768.18 | | Total Current Liabilities | 13,947,521,991.46 | 7,782,842,034.36 | | Total Non-current Liabilities | 7,670,319,279.24 | 12,375,948,733.82 | | Total Owners' Equity | 8,410,542,871.81 | 8,069,667,585.22 | [Consolidated Income Statement](index=44&type=section&id=Consolidated%20Income%20Statement) For the first half of 2025, the company achieved total operating revenue of **CNY 1.704 billion**, a year-on-year increase of **39.05%**; net profit was **CNY 348 million**, and net profit attributable to parent company shareholders was **CNY 369 million**, a year-on-year increase of **38.64%**. Investment income grew substantially, while fair value change income turned from positive to negative Consolidated Income Statement Key Data | Item | 2025 Semi-Annual (CNY) | 2024 Semi-Annual (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,703,853,688.95 | 1,225,364,558.33 | | II. Total Operating Costs | 1,557,505,029.74 | 984,254,710.12 | | Investment Income (Losses indicated by "－") | 335,224,921.61 | -103,813,945.91 | | Fair Value Change Income (Losses indicated by "－") | -9,161,410.60 | 178,470,830.33 | | III. Operating Profit (Losses indicated by "－") | 474,011,397.38 | 319,730,815.51 | | IV. Total Profit (Total losses indicated by "－") | 474,539,665.64 | 319,283,582.08 | | V. Net Profit (Net losses indicated by "－") | 348,021,157.33 | 249,912,450.60 | | Net Profit Attributable to Parent Company Shareholders | 369,146,151.75 | 266,270,326.71 | | VI. Net Other Comprehensive Income After Tax | -38,178,204.48 | 14,497,914.08 | | VII. Total Comprehensive Income | 309,842,952.85 | 264,410,364.68 | | VIII. Earnings Per Share: Basic Earnings Per Share (Yuan/share) | 0.23 | 0.17 | [Parent Company Income Statement](index=46&type=section&id=Parent%20Company%20Income%20Statement) For the first half of 2025, the parent company's operating revenue was **CNY 166 million**, a year-on-year decrease of **3.65%**; net profit was **-CNY 129 million**, compared to **CNY 86.9055 million** in the prior year period, turning from profit to loss. Fair value change income turned from positive to negative, and investment income decreased Parent Company Income Statement Key Data | Item | 2025 Semi-Annual (CNY) | 2024 Semi-Annual (CNY) | | :--- | :--- | :--- | | I. Operating Revenue | 165,575,286.68 | 171,857,107.64 | | Investment Income (Losses indicated by "－") | 32,628,964.13 | 43,893,643.16 | | Fair Value Change Income (Losses indicated by "－") | -44,399,555.31 | 234,421,092.36 | | II. Operating Profit (Losses indicated by "－") | -174,896,796.75 | 107,623,121.98 | | III. Total Profit (Total losses indicated by "－") | -175,373,082.96 | 107,173,121.98 | | IV. Net Profit (Net losses indicated by "－") | -129,498,660.01 | 86,905,468.18 | [Consolidated Cash Flow Statement](index=47&type=section&id=Consolidated%20Cash%20Flow%20Statement) For the first half of 2025, the company's net cash flow from operating activities was **-CNY 935 million**, a significant year-on-year improvement of **51.96%**; net cash flow from investing activities was **CNY 850 million**, turning from negative to positive; net cash flow from financing activities was **CNY 803 million**, a year-on-year decrease of **73.47%** Consolidated Cash Flow Statement Key Data | Item | 2025 Semi-Annual (CNY) | 2024 Semi-Annual (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -934,623,685.30 | -1,945,482,803.01 | | Net Cash Flow from Investing Activities | 850,177,754.07 | -1,480,959,714.76 | | Net Cash Flow from Financing Activities | 803,334,609.01 | 3,027,500,763.06 | | Net Increase in Cash and Cash Equivalents | 698,962,830.20 | -391,548,953.66 | | Period-end Balance of Cash and Cash Equivalents | 3,175,644,532.10 | 2,488,246,156.90 | - Total cash inflow from operating activities was **CNY 1.619 billion**, and total cash outflow was **CNY 2.553 billion**[140](index=140&type=chunk) - Total cash inflow from investing activities was **CNY 2.844 billion**, and total cash outflow was **CNY 1.994 billion**[140](index=140&type=chunk)[141](index=141&type=chunk) - Total cash inflow from financing activities was **CNY 9.632 billion**, and total cash outflow was **CNY 8.828 billion**[141](index=141&type=chunk) [Parent Company Cash Flow Statement](index=48&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) For the first half of 2025, the parent company's net cash flow from operating activities was **CNY 47.3338 million**, turning from negative to positive; net cash flow from investing activities was **-CNY 88.8866 million**, a significant year-on-year improvement; net cash flow from financing activities was **CNY 592 million**, a year-on-year decrease Parent Company Cash Flow Statement Key Data | Item | 2025 Semi-Annual (CNY) | 2024 Semi-Annual (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 47,333,784.98 | -23,176,797.86 | | Net Cash Flow from Investing Activities | -88,886,554.89 | -965,423,024.37 | | Net Cash Flow from Financing Activities | 592,103,289.03 | 975,551,302.97 | | Net Increase in Cash and Cash Equivalents | 550,550,519.12 | -13,048,519.26 | | Period-end Balance of Cash and Cash Equivalents | 964,188,079.41 | 632,961,547.16 | [Consolidated Statement of Changes in Owners' Equity](index=50&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Owners'%20Equity) For the first half of 2025, total owners' equity attributable to the parent company increased by **CNY 801 million** to **CNY 15.557 billion**, mainly influenced by net profit and new other equity instruments (perpetual bonds). Minority interests also increased Consolidated Statement of Changes in Owners' Equity | Item | 2025 Semi-Annual Total Owners' Equity Attributable to Parent Company (CNY) | 2025 Semi-Annual Minority Interests (CNY) | 2025 Semi-Annual Total Owners' Equity (CNY) | | :--- | :--- | :--- | :--- | | II. Beginning Balance of Current Year | 14,755,365,370.20 | 3,638,230,385.42 | 18,393,595,755.62 | | III. Amount of Changes in Current Period | 801,341,893.87 | 58,075,005.58 | 859,416,899.45 | | (I) Total Comprehensive Income | 330,967,947.27 | -21,124,994.42 | 309,842,952.85 | | (II) Owners' Contribution and Capital Reduction | 699,580,000.00 | 79,200,000.00 | 778,780,000.00 | | (III) Profit Distribution | -229,206,053.40 | 0 | -229,206,053.40 | | IV. Ending Balance of Current Period | 15,556,707,264.07 | 3,696,305,391.00 | 19,253,012,655.07 | - New other equity instruments (perpetual bonds) of **CNY 700 million** were added in the current period, recognized as owners' contribution and capital reduction[145](index=145&type=chunk) [Parent Company Statement of Changes in Owners' Equity](index=52&type=section&id=Parent%20Company%20Statement%20of%20Changes%20in%20Owners'%20Equity) For the first half of 2025, the parent company's total owners' equity increased by **CNY 341 million** to **CNY 8.411 billion**, mainly influenced by new other equity instruments (perpetual bonds) and profit distribution, with net profit being negative Parent Company Statement of Changes in Owners' Equity | Item | 2025 Semi-Annual Total Owners' Equity (CNY) | | :--- | :--- | | II. Beginning Balance of Current Year | 8,069,667,585.22 | | III. Amount of Changes in Current Period | 340,875,286.59 | | (I) Total Comprehensive Income | -129,498,660.01 | | (II) Owners' Contribution and Capital Reduction | 699,580,000.00 | | (III) Profit Distribution | -229,206,053.40 | | IV. Ending Balance of Current Period | 8,410,542,871.81 | - New other equity instruments (perpetual bonds) of **CNY 700 million** were added in the current period, recognized as owners' contribution and capital reduction[148](index=148&type=chunk) [III. Company Basic Information](index=54&type=section&id=III.%20Company%20Basic%20Information) This section introduces the company's establishment background, registered capital, legal representative, industry, and business scope, and lists its major consolidated subsidiaries - The company was established on March 22, 1996, with a registered capital of **CNY 1,548,689,550.00**[150](index=150&type=chunk) - The company's business scope includes real estate development and operation, investment activities with self-owned funds, investment management, park management services, entrepreneurship space services, AI public service platform technology consulting services, integrated circuit sales, etc[151](index=151&type=chunk) - The company's major subsidiaries include Shanghai Zhangjiang Integrated Circuit Industrial Park Development Co., Ltd., Shanghai Zhangjiang Haocheng Venture Capital Co., Ltd., and Shanghai Zhangjiang Science Gate Technology Development Co., Ltd[151](index=151&type=chunk) [V. Significant Accounting Policies and Estimates](index=55&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section comprehensively details the company's significant accounting policies and estimates, covering areas from financial statement preparation and asset recognition to revenue, liabilities, and equity, ensuring transparency in financial reporting - The company adheres to the Enterprise Accounting Standards issued by the Ministry of Finance, accurately and completely reflecting its financial position[156](index=156&type=chunk) - Financial assets are classified as measured at amortized cost, at fair value through other comprehensive income, and at fair value through profit or loss[175](index=175&type=chunk) - Revenue recognition principle is to recognize revenue when the customer obtains control of the related goods or services, primarily including real estate sales revenue and management service revenue[253](index=253&type=chunk)[256](index=256&type=chunk)[257](index=257&type=chunk) - Perpetual bonds issued by the company are classified as equity instruments and recognized in owners' equity based on contractual terms and economic substance[251](index=251&type=chunk)[396](index=396&type=chunk) [VI. Taxation](index=73&type=section&id=VI.%20Taxation) This section lists the company's main tax categories and rates, including VAT, education surcharges, corporate income tax, land value-added tax, and property tax. The company and some subsidiaries enjoy tax preferential policies for small and micro enterprises and small low-profit enterprises Major Tax Categories and Rates | Tax Category | Tax Rate | | :--- | :--- | | Value-Added Tax | 6%, 9%, 13% (Collection rate: 3%, 5%) | | Education Surcharge | 3% | | Local Education Surcharge | 1%, 2% | | Urban Maintenance and Construction Tax | 5%, 7% | | Corporate Income Tax | 0%, 20%, 25% | | Land Value-Added Tax | Progressive rates from 30%-60% | | Property Tax | 1.2%, 4%, 12% | - The corporate income tax rate for the company and its Chinese mainland subsidiaries is **25%**, while the tax rate for overseas subsidiary Yunhong Company and its sub-subsidiaries is **0%**[281](index=281&type=chunk) - Some subsidiaries, as small-scale taxpayers and small low-profit enterprises, enjoy preferential policies such as corporate income tax calculated at **25%** of taxable income and paid at a **20%** rate, and a **50%** reduction in resource tax, urban maintenance and construction tax, and property tax[282](index=282&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=74&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes and analysis for all major items within the consolidated financial statements, offering a comprehensive understanding of the company's financial position, performance, and cash flows - Monetary funds at period-end amounted to **CNY 3.176 billion**, of which **CNY 1.362 billion** was deposited overseas[285](index=285&type=chunk) - Trading financial assets at period-end amounted to **CNY 438 million**, mainly including equity instrument investments and wealth management products[286](index=286&type=chunk) - Accounts receivable at period-end amounted to **CNY 175 million**, with a bad debt provision of **CNY 11.7353 million**, primarily accrued by portfolio[288](index=288&type=chunk)[289](index=289&type=chunk)[292](index=292&type=chunk) - Inventories at period-end amounted to **CNY 16.855 billion**, mainly composed of completed development products and development products under construction, including capitalized borrowing costs of **CNY 725 million**[312](index=312&type=chunk)[315](index=315&type=chunk) - Investment properties at period-end had a book value of **CNY 24.035 billion**, increasing by **CNY 2.18 billion** in the current period, mainly due to transfers from inventories/fixed assets/construction in progress[326](index=326&type=chunk)[328](index=328&type=chunk) - Short-term borrowings at period-end amounted to **CNY 5.614 billion**, an increase of **131.27%** from the beginning of the period, primarily credit borrowings[352](index=352&type=chunk) - Bonds payable at period-end amounted to **CNY 6.087 billion**, of which **CNY 2.08 billion** was due within one year[383](index=383&type=chunk)[386](index=386&type=chunk) - Assets restricted in ownership or use totaled **CNY 14.257 billion**, mainly inventories, investment properties, and long-term equity investments pledged or mortgaged for borrowings[432](index=432&type=chunk) [X. Interests in Other Entities](index=126&type=section&id=X.%20Interests%20in%20Other%20Entities) This section details the company's equity interests in subsidiaries, joint ventures, and associates, including financial information for significant non-wholly-owned entities and the basis for control assessment - The company holds **60%** equity in Shanghai Zhangjiang Microelectronics Port Co., Ltd., but due to the requirement for two-thirds or more of the voting rights at the shareholders' meeting to pass significant matters, the company does not control the entity and accounts for it using the equity method as an associate[447](index=447&type=chunk)[452](index=452&type=chunk) Key Financial Information of Important Non-Wholly-Owned Subsidiaries (Current Period) | Subsidiary Name | Operating Revenue (CNY) | Net Profit (CNY) | Total Comprehensive Income (CNY) | Cash Flow from Operating Activities (CNY) | | :--- | :--- | :--- | :--- | :--- | | Yaan Real Estate | 990,215.52 | -2,383,539.34 | -2,383,539.34 | 141,780.12 | | Jiechang Industrial | 29,273,327.13 | 8,728,688.87 | 8,728,688.87 | 17,732,205.38 | | Chuangyeyuan Technology | 4,604,454.96 | 3,506,610.28 | 3,506,610.28 | 21,135,437.62 | | Science Gate | 35,126,891.02 | -51,076,692.83 | -51,076,692.83 | -84,407,857.98 | Key Financial Information of Important Joint Venture (HI-TECH) (Current Period) | It

股票代码：600895 股票简称：张江高科 编号：临2025-023 4. 2025年6月末，公司出租房地产总面积168.56万平方米。2025年1--6月 公司房地产业务取得租金总收入5.67亿元，同比增加17.01%。 上海张江高科技园区开发股份有限公司 2025年第二季度房地产业务主要经营数据公告 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。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第3号——行 业信息披露》要求，特此公告上海张江高科技园区开发股份有限公司（以下简 称"公司"）2025年第二季度房地产业务主要经营数据： 1. 2025年1--6月，公司无新增房地产项目储备。 2. 2025年1--6月，公司房地产业务无新开工和竣工项目。 3. 2025年1--6月，公司房地产业务合同销售面积3.63万平方米，实现合同 销售金额11.29亿元，同比增加55.43%。 其中2025年4--6月，公司房地产业务合同销售面积0.63万平方米，实现合 同销售金额1.90亿元。 其中2025年4--6月，公司房地产业 ...

股票代码：600895 股票简称：张江高科 编号：临 2025-021 同意：6 票，反对：0 票，弃权：0 票 二、关于公司 2025 年中期现金分红方案的议案 公司以总股本 1,548,689,550 股为分配基数，向全体股东每 10 股派发现金 股利人民币 0.72 元(含税)，共计分配股利 111,505,647.6 元，占 2025 年上半 年合并归属于上市公司股东净利润的 30.2%。 该项中期现金分红方案已获得公司 2024 年年度股东大会授权。 上海张江高科技园区开发股份有限公司 第九届董事会第十三次会议决议公告 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。 上海张江高科技园区开发股份有限公司第九届董事会第十三次会议于 2025 年 8 月 22 日以通讯表决方式召开，本次会议应参加董事 6 名，实际参加董事 6 名。会议召开符合《公司法》和《公司章程》的有关规定。经董事会全体审议， 会议审议通过了以下议案: 一、2025 年半年度报告 该项议案已经公司第九届董事会审计委员会第八次会议审议通过。 同意：6 票 ...

股票代码：600895 股票简称：张江高科 编号：临 2025-022 上海张江高科技园区开发股份有限公司 2025 年中期现金分红方案公告 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： 每股分配比例：每股派发现金红利 0.072 元（含税） 本次中期现金分红以实施权益分派股权登记日登记的总股本为基数，具 体日期将在权益分派实施公告中明确。 公司不触及《上海证券交易所股票上市规则》（简称"《股票上市规则》"） 第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示的情形。 一、2025 年中期现金分红方案内容 根据公司 2025 年半年度财务报告（未经审计）,2025 年上半年公司实现归 属于上市公司股东的净利润 369,146,151.75 元。经公司第九届董事会第十三次 会议决议，公司 2025 年中期拟以实施权益分派股权登记日登记的总股本为基数 进行现金分红。本次中期现金分红方案如下： 公司以总股本 1,548,689,550 股为分配基数，向全体股东每 10 股派发现金 股利人民币 0.72 ...

张江高科公告，2025年上半年营业收入17.04亿元，同比增长39.05%。净利润3.69亿元，同比增长 38.64%。公司以总股本15.49亿股为分配基数，向全体股东每10股派发现金股利人民币0.72元(含税)，共 计分配股利1.12亿元，占2025年上半年合并归属于上市公司股东净利润的30.2%。 ...