（文章来源：证券日报） 证券日报网讯 9月4日晚间，森特股份发布公告称，公司未对控股股东和实际控制人及其关联人提供担 保，亦无逾期担保。 ...

证券代码：603098 证券简称：森特股份 公告编号：2025-042 森特士兴集团股份有限公司 关于提供担保的进展公告 ●被担保人：森特士兴集团股份有限公司（以下简称"公司"）的全资及控 股子公司。 ●提供担保金额：近期公司及全资、控股子公司间发生新增担保金额合计人 民币 1,088.53 万元，其中公司为合并报表范围内全资及控股子公司合计提供了 839.54 万元担保，全资子公司为母公司提供了 248.99 万元担保。 截至 2025 年 8 月 31 日，公司及子公司间累计提供担保金额为 5.20 亿元， 占公司最近一期经审计归母净资产 18.86%。其中：公司为合并报表范围内全资 及控股子公司提供担保金额为 0.92 亿元，全资子公司对公司提供担保金额为 4.28 亿元，以上担保均属于公司及全资/控股子公司间担保范围，不涉及对外担保范 畴。 ●是否有反担保：否 ●对外担保逾期的累计数量：0 ●风险提示：本次新增担保包括担保对象最近一期资产负债率超过 70%的情 形，敬请投资者注意相关风险。 一、担保进展情况 （一）提供担保情况 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 ...

Financial Performance - The company reported a total revenue of 1.619 billion yuan for the first half of 2025, representing a year-on-year increase of 29.4% [1] - The net profit attributable to shareholders reached 72.056 million yuan, up 25.51% year-on-year [1] - In Q2 2025, total revenue was 902 million yuan, showing a year-on-year growth of 42.34% [1] - The net profit for Q2 2025 was 37.964 million yuan, an increase of 5.49% year-on-year [1] Key Financial Ratios - Gross margin was 18.03%, down 4.08% compared to the previous year [1] - Net margin improved to 4.63%, an increase of 4.92% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 139 million yuan, accounting for 8.61% of revenue, a decrease of 24.82% year-on-year [1] Balance Sheet Highlights - Accounts receivable increased by 40.22% year-on-year, reaching 2.011 billion yuan [1] - The company’s cash and cash equivalents decreased by 12.09% to 862.48 million yuan [1] - Interest-bearing debt decreased significantly by 33.85% to 525 million yuan [1] Earnings Per Share - Earnings per share (EPS) rose to 0.13 yuan, reflecting an 18.18% increase year-on-year [1] - Operating cash flow per share improved dramatically to 0.24 yuan, a 505.02% increase compared to the previous year [1] - Net asset value per share increased to 5.19 yuan, up 2.56% year-on-year [1] Business Evaluation - The company's return on invested capital (ROIC) was 2.46%, indicating weak capital returns [3] - Historical median ROIC since listing is 10.25%, with the lowest recorded ROIC at 1.72% in 2021 [3] - The company's business model relies heavily on research and marketing efforts [3] Cash Flow and Receivables - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 53.87% [3] - The ratio of accounts receivable to profit has reached 2734.54%, indicating potential issues with receivables management [3]

证券代码：603098 证券简称：森特股份 公告编号：2025-039 森特士兴集团股份有限公司 第五届董事会第五次会议决议公告 二、董事会会议审议情况 （一）审议并通过《关于公司 2025 年半年度报告及摘要的议案》 内容详见上海证券交易所网站（http://www.sse.com.cn）披露的《森特股份 关于公司 2025 年半年度报告摘要》（公告编号：2025-041）。 在提交本次董事会之前，该议案已经公司董事会审计委员会事前审议，全体 委员一致同意提交董事会审议。 表决结果：赞成票 8 票，反对票 0 票，弃权票 0 票。同意票数占有效表决票 的 100%。 （二）审议并通过《关于公司 2025 年半年度募集资金存放与实际使用情况 的专项报告的议案》 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个别及连带责任。 一、董事会会议召开情况 森特士兴集团股份有限公司（以下简称"森特股份"或"公司"）第五届董 事会第五次会议（以下简称"本次会议"）于 2025 年 8 月 22 日以通讯形式发出 会议通知，并于 2025 年 8 月 ...

Core Insights - The company reported a revenue of 1.619 billion yuan for the first half of the year, representing a year-on-year growth of 29.40% [1] - The BIPV business segment generated revenue of 978 million yuan, with a year-on-year increase of 39.80% [1] - The net profit attributable to shareholders reached 72.056 million yuan, marking a year-on-year growth of 25.51% [1] Financial Performance - The company achieved a net cash flow from operating activities of 128 million yuan, an increase of 160 million yuan year-on-year [1] - The operating cash flow per share was 0.24 yuan, which is 1.85 times the basic earnings per share of 0.13 yuan [1] Contractual Growth - In the first half of 2025, the company signed contracts worth 1.853 billion yuan, reflecting a year-on-year growth of 72.08% [1] - The BIPV projects accounted for 1.097 billion yuan of the contracts, showing a significant year-on-year increase of 112.03% [1] - The environmental protection business generated 228 million yuan in contracts, with a remarkable year-on-year growth of 737.29% [1]

Financial Performance - The company reported a significant increase in revenue for the first half of 2025, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 15%[1] - The company's operating revenue for the first half of 2025 reached ¥1,619,463,009.69, representing a 29.40% increase compared to ¥1,251,559,512.76 in the same period last year[22] - Total profit for the first half of 2025 was ¥83,667,924.29, up 30.27% from ¥64,225,807.77 in the previous year[22] - Net profit attributable to shareholders for the first half of 2025 was ¥72,055,558.94, a 25.51% increase from ¥57,411,293.44 year-on-year[22] - The company achieved a revenue of 1.619 billion yuan, representing a year-on-year growth of 29.40%[70] - The net profit reached 75 million yuan, reflecting a year-on-year growth of 35.76%[70] - The total profit for the first half of 2025 was ¥114,435,699.07, compared to ¥22,965,404.46 in the first half of 2024, indicating an increase of 397.5%[159] - The net cash flow from operating activities improved significantly to ¥128,072,861.61, compared to a negative cash flow of ¥31,621,225.01 in the same period last year[22] User Growth and Market Expansion - User data indicates a growth in active users, reaching 500,000, which is a 20% increase compared to the previous period[1] - The company is expanding its market presence, targeting an increase in market share by 5% in the renewable energy sector[1] - New product launches are expected to contribute an additional 200 million yuan in revenue by the end of 2025[1] Research and Development - Research and development investments have increased by 25%, focusing on innovative technologies in the energy sector[1] - The company is actively developing new products, including the BIPV series in collaboration with Longi Green Energy, aimed at integrating solar power generation with building materials[22] - R&D expenses rose by 38.75% to approximately CNY 49.19 million, indicating a significant increase in investment in innovation[89] Strategic Initiatives - The company has completed a strategic acquisition of a competitor, which is expected to enhance its operational capabilities and increase revenue by 300 million yuan annually[1] - The company is establishing a new energy investment company to capture project development opportunities[71] - The strategic focus includes integrated innovation to create comprehensive smart energy solutions[72] Risk Management - The company has identified potential risks in its future development, including market volatility and regulatory changes[1] - The company faces risks related to macroeconomic fluctuations and policy changes that could significantly alter fixed asset investment scales and directions, potentially delaying or halting project commencements and affecting payment settlement progress[100] - The company is actively managing risks associated with raw material procurement and labor costs through long-term contracts and refined management practices[101][102] Corporate Governance - The board has approved a profit distribution plan, with no plans for capital increase through reserves[1] - The company has undergone significant changes in its board and management personnel, with multiple elections and appointments occurring in early 2025[106][107] - The company is focused on maintaining stability in its governance structure amid ongoing changes in its board and management[106][107] Shareholder Information - The largest shareholder, Liu Aisen, holds 135,226,381 shares, accounting for 25.06% of the total shares[140] - The second-largest shareholder, Longi Green Energy Technology Co., Ltd., holds 130,805,407 shares, representing 24.24% of the total shares[140] - The company has a total of 57,662,696 shares held by Shengya Investment Co., Ltd., which accounts for 10.68% of the total shares[140] Legal Matters - The company won an arbitration case against QianTu Automobile (Suzhou) Co., Ltd. for overdue project payments totaling RMB 7.1235 million, which includes overdue interest of RMB 257,900[117] - The company is currently involved in a lawsuit against Wanda Investment Co., Ltd. for unpaid project payments amounting to RMB 8.9429 million, with the case still under arbitration[118] - The company has a pending arbitration case involving China International Economic and Trade Arbitration Commission for overdue payments of RMB 1.53252 million from China State Construction Engineering Corporation[118] Environmental and Social Responsibility - The BIPV industry is supported by national policies aimed at promoting energy conservation and carbon reduction, enhancing the market's regulatory framework[28] - The revised Soil Pollution Prevention Law emphasizes "green and low-carbon remediation," aligning with the government's ecological protection goals[32] - The company provides integrated solutions for BIPV projects, including design, procurement, construction, and operation maintenance[36][37] Financial Position - The company's total assets as of the end of the reporting period were ¥5,625,272,850.12, reflecting a 1.39% increase from ¥5,547,909,464.27 at the end of the previous year[22] - The net assets attributable to shareholders increased to ¥2,803,431,165.78, marking a 1.68% rise from ¥2,757,127,342.98 at the end of the previous year[22] - The company's total liabilities decreased to ¥2,712,475,036.30 from ¥2,719,580,481.91, indicating a slight reduction of around 0.3%[148]

证券代码：603098 证券简称：森特股份 公告编号：2025-040 森特士兴集团股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况的 专项报告 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个别及连带责任。 森特士兴集团股份有限公司（以下简称"公司"）根据中国证券监督管理委 员会印发的《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要 求》及上海证券交易所下发的《上海证券交易所上市公司自律监管指引第 1 号— —规范运作》《上海证券交易所上市公司自律监管指南第 1 号——公告格式》等 相关法律法规的规定，现将公司 2025 年半年度募集资金存放与实际使用情况的 专项报告公告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会证监许可[2019]2005 号文核准，本公司本次发行 面值总额为600,000,000.00元的可转换公司债券，发行价格为每张人民币100 元， 债券期限为 6 年。根据有关规定扣除发行费用 11,537,041.90 元后，实际募集资 金金额 ...

- The report does not contain any quantitative models or factors for analysis

Market Overview - The professional engineering sector experienced a decline of 2.54% on August 27, with Sentai Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Individual Stock Performance - Rising stocks included: - Rishang Group (002593) with a closing price of 6.02, up 6.74% and a trading volume of 2.26 million shares, totaling 1.33 billion yuan [1] - Shenluda A (000032) closed at 26.10, up 2.39% with a trading volume of 886,300 shares, totaling 2.34 billion yuan [1] - Declining stocks included: - Sentai Co., Ltd. (603098) closed at 14.61, down 9.81% with a trading volume of 608,800 shares, totaling 949 million yuan [2] - Haibo Heavy Industry (300517) closed at 11.61, down 6.14% with a trading volume of 109,800 shares, totaling 133 million yuan [2] Capital Flow Analysis - The professional engineering sector saw a net outflow of 678 million yuan from institutional investors, while retail investors contributed a net inflow of 493 million yuan [2] - Notable capital flows included: - Deep Sanda A (000032) with a net inflow of 184 million yuan from institutional investors [3] - Rishang Group (002593) with a net inflow of 117 million yuan from institutional investors [3]

Group 1 - The core viewpoint of the news is that Sente Holdings experienced a decline in stock price, dropping by 5.06% to 15.38 CNY per share, with a trading volume of 608 million CNY and a turnover rate of 7.10%, resulting in a total market capitalization of 8.301 billion CNY [1] - Sente Holdings, established on December 5, 2001, and listed on December 16, 2016, specializes in the research, production, and sales of green, environmentally friendly, and energy-saving new building materials, providing integrated services including engineering design, production, installation, and after-sales [1] - The company's main business revenue composition includes: BIPV business 48.17%, building metal enclosure systems 39.25%, soil and groundwater environmental remediation 10.81%, and other 1.41% [1] Group 2 - From the perspective of major fund holdings, Dachen Fund has one fund heavily invested in Sente Holdings, specifically the Dachen Dynamic Quantitative Allocation Strategy Mixed A (003147), which held 29,700 shares in the second quarter, accounting for 1.1% of the fund's net value, ranking as the fourth-largest holding [2] - The Dachen Dynamic Quantitative Allocation Strategy Mixed A (003147) has a current scale of 13.0132 million CNY and has achieved a return of 48.71% this year, ranking 536 out of 8194 in its category; over the past year, it has returned 68.89%, ranking 1104 out of 7963 [2] - The fund manager of Dachen Dynamic Quantitative Allocation Strategy Mixed A (003147) is Xia Gao, who has a tenure of 10 years and 268 days, with the fund's total asset size at 2.26 billion CNY, achieving the best return of 224.05% and the worst return of -71.74% during the tenure [3]