Core Viewpoint - The announcement details the expected daily related transactions for the year 2025 by Hangzhou Rewei Electric Heating Technology Co., Ltd, emphasizing that these transactions are necessary for normal business operations and will not affect the company's independence or create dependency on related parties [1][2]. Summary of Related Transactions - The board of directors approved the expected daily related transactions for 2025 without requiring a shareholders' meeting, with independent director Hu Chunrong abstaining from the vote [1][2]. - The independent directors confirmed that the expected transactions align with the company's operational needs and that the decision-making process is legal and effective, ensuring fair pricing and settlement [2]. - The expected amount for related transactions in 2025 is set at 18 million yuan, which constitutes 1.80% of the total expected procurement of raw materials for the year [2]. Previous Related Transactions - The previous year's expected related transactions and actual execution were reviewed, with a notable transaction involving the purchase of raw materials from Zhejiang Wanliyang New Materials Co., Ltd [2]. - The actual amount for 2024 was 5.69 million yuan, with no significant discrepancies reported [2]. Related Parties and Relationships - Zhejiang Wanliyang New Materials Co., Ltd is a wholly-owned subsidiary of Zhejiang Wanliyang Co., Ltd, with independent director Hu Chunrong serving on its board, establishing a clear related party relationship [3][4]. - The company has confirmed that Zhejiang Wanliyang New Materials Co., Ltd has a good credit standing and is capable of fulfilling its obligations [4]. Transaction Details and Pricing Policy - The expected related transactions primarily involve the procurement of raw materials necessary for the company's operations [5]. - The pricing for these transactions will be based on market prices and industry practices, ensuring fairness and preventing harm to the interests of the company and its shareholders [5]. Purpose and Impact of Related Transactions - The expected related transactions are deemed essential for the company's operational and business development needs, adhering to principles of fairness and reasonableness [5]. - The transactions will not compromise the company's independence, and the main business operations will not become reliant on related parties [5]. Verification by Sponsoring Institution - The sponsoring institution has verified that the related transactions have been properly reviewed and approved by the board and supervisory committee, with independent directors having conducted a special meeting to discuss the transactions [5].

Summary of Key Points Core Viewpoint The report outlines the fundraising activities and the actual usage of the raised funds by Hangzhou Rewei Electric Heating Technology Co., Ltd. for the first half of 2025, detailing the total amount raised, the allocation of funds, and the management of these funds. Fundraising Overview - The company raised a total of RMB 924.23 million by issuing 40,010,000 shares at RMB 23.10 per share, with a net amount of RMB 805.63 million after deducting issuance costs [1][2]. - The funds were fully received by September 5, 2023, and verified by Tianjian Accounting Firm [2]. Fund Usage and Balance - As of June 30, 2025, the actual usage of the raised funds was RMB 396.25 million, with a remaining balance of RMB 395.04 million [2][3]. - The breakdown of fund usage includes: - Project investments: RMB 363.18 million - Permanent working capital supplementation from oversubscription: RMB 27 million - Net interest income: RMB 12.67 million [2][3]. Fund Management - The company has established a fund management system to ensure the effective use of raised funds, including opening dedicated bank accounts and signing tripartite supervision agreements with banks and sponsors [2][3]. - As of June 30, 2025, the company maintained six dedicated fundraising accounts with a total balance of RMB 172.31 million [3]. Temporary Fund Supplementation - The company approved the temporary use of up to RMB 200 million of idle funds for working capital, with RMB 20 million still outstanding as of the report date [4]. - Additionally, the company is authorized to use up to RMB 480 million of idle funds for cash management, investing in low-risk, high-liquidity products [4][5]. Oversubscription Fund Usage - The company has utilized RMB 13.50 million of oversubscription funds for permanent working capital supplementation, with no other uses reported for ongoing or new projects [5][6]. Other Fund Usage Situations - The company has not reported any significant issues regarding the disclosure and usage of the raised funds, ensuring timely and accurate reporting [6][7]. - There have been no changes in the investment projects funded by the raised capital during the reporting period [6][8].

Core Viewpoint - The report highlights the financial performance and operational strategies of Hangzhou Heatwell Electric Heating Technology Co., Ltd. for the first half of 2025, showcasing growth in revenue and net profit, alongside a focus on innovation and market expansion in the electric heating components sector. Financial Performance - The company achieved a revenue of CNY 985.31 million, representing an 8.91% increase compared to CNY 904.73 million in the same period last year [2][3] - The total profit reached CNY 181.34 million, up 13.86% from CNY 159.26 million year-on-year [2][3] - The net profit attributable to shareholders was CNY 160.60 million, a 14.27% increase from CNY 140.55 million in the previous year [2][3] - The net cash flow from operating activities surged by 299.01% to CNY 141.80 million, primarily due to early sales of receivables [2][3] Industry Overview - China's home appliance exports showed resilience, with a total export volume of 221.35 million units, up 3.5%, and an export value of CNY 352.46 billion, increasing by 1.4% [3] - The retail sales of home appliances (excluding 3C products) reached CNY 453.70 billion, reflecting a 9.2% year-on-year growth [3] - The growth in the domestic appliance market is driven by policy support, consumption upgrades, and technological innovation [3] Business Strategy - The company adheres to a dual-market strategy, focusing on both domestic and international markets, emphasizing product quality and customer service [3][4] - Continuous investment in R&D has led to the development of new products and the expansion of product categories, particularly in the emerging clean appliance sector [3][4] - The company has established strategic partnerships with global appliance leaders, enhancing its market position and driving innovation [3][4] Product Segmentation - The company specializes in electric heating components for various applications, including household appliances, commercial equipment, industrial machinery, and new energy vehicles [4][5] - Key clients include major brands such as Midea, Haier, Samsung, and Bosch, ensuring a stable demand for its products [5][6] Operational Efficiency - The company employs a flexible production model to meet diverse customer needs, optimizing resource allocation and enhancing production efficiency [8][9] - It has established multiple production bases in China and Thailand, facilitating efficient production and delivery [8][9] Competitive Advantages - The company possesses strong technical capabilities, a loyal customer base, and a diversified manufacturing capacity, which contribute to its competitive edge in the electric heating market [10][11] - Quality management systems and certifications ensure high product standards and reliability [12][13]

| | 杭州热威电热科技股份有限公司2025 年半年度报告摘要 | | | | --- | --- | --- | --- | | 公司代码：603075 | 公司简称：热威股份 | | | | | 杭州热威电热科技股份有限公司 | | | | | 杭州热威电热科技股份有限公司2025 年半年度报告摘要 | | | | | 第一节 重要提示 | | | | 展规划，投资者应当到 | www.sse.com.cn 网站仔细阅读半年度报告全文。 | | | | 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | 无 | | | | | | 第二节 公司基本情况 | | | | | 公司股票简况 | | | | 股票种类 | 股票上市交易所 股票简称 | 股票代码 | 变更前股票简 | | 称 | | | | | A股 | 上海证券交易所 热威股份 | 603075 | 不适用 | | 联系人和联系方式 | 董事会秘书 | | 证券事务代表 | | 姓名 | 张亮 卞欢 | | | | 电话 | 0571-86697018 | 0571-86697018 | | | 办公 ...

（文章来源：证券日报） 证券日报网讯 8月18日晚间，热威股份发布公告称，2025年半年度公司实现营业收入985，313，161.79 元，同比增长8.91%；归属于上市公司股东的净利润为160，599，905.65元，同比增长14.27%。 ...

（文章来源：证券日报） 证券日报网讯 8月18日晚间，热威股份发布公告称，公司第二届监事会第二十一次会议审议通过了《关 于2025年半年度报告及其摘要的议案》等多项议案。 ...

（文章来源：证券日报） 证券日报网讯 8月18日晚间，热威股份发布公告称，公司第二届董事会第二十五次会议审议通过了《关 于2025年半年度报告及其摘要的议案》等多项议案。 ...

证券日报网讯8月18日晚间，热威股份（603075）发布公告称，公司拟定于2025年8月25日(星期一)15： 00-16：00在"价值在线"举办"杭州热威电热科技股份有限公司2025年半年度业绩说明会"。 ...

热威股份2025半年报 ...

热威股份8月18日晚间发布公告称，公司第二届第二十五次董事会会议于2025年8月18日在浙江省杭州市 滨江区长河街道建业路576号会议室以现场结合通讯的方式召开。会议审议了《关于2025年半年度报告 及其摘要的议案》等文件。 （文章来源：每日经济新闻） ...