证券代码：603282 证券简称：亚光股份 公告编号：2025-039 浙江亚光科技股份有限公司 2025 年半年度募集资金存放与实际使用情况 的专项报告 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》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》和《上海 证券交易所上市公司自律监管指南第 1 号——公告格式》等有关规定，现将浙 江亚光科技股份有限公司（以下简称"公司"）2025 年半年度募集资金存放与使 用情况报告如下： 经中国证券监督管理委员会证监许可[2023]263 号文《关于核准浙江亚光科 技股份有限公司首次公开发行股票的批复》核准，公司首次向社会公众公开发行 人民币普通股（A 股）股票 3,350.00 万股，每股发行价格为人民币 18.00 元，募 集资金总额为人民币 60,300.00 万元，扣除本次发行费用人民币（不含增值税） 8,552.18 万元后，实际募集资金净额为人民币 51,747.82 万元。上述募集资金已 ...

证券代码：603282 证券简称：亚光股份 公告编号：2025-038 二、监事会会议审议情况 经与会监事认真审议，会议形成了以下决议： 一、审议通过了《关于公司 2025 年半年度报告全文及摘要的议案》 根据《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《公开 发行证券的公司信息披露内容与格式准则第 3 号——半年度报告的内容与格式》 等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定，公司组 织证券部、财务部编制了 2025 年半年度报告全文及摘要。 监事会对公司 2025 年半年度报告进行了认真审核，认为： (1)公司 2025 年半年度报告的编制和审议程序符合相关法律、法规、规章和 《公司章程》以及公司内部管理制度的相关规定； (2)公司 2025 年半年度报告的内容和格式符合中国证监会和上海证券交易 所的相关规定，所包含的信息能从各方面真实地反映出公司当年度的经营管理和 财务状况等事项； 浙江亚光科技股份有限公司 第四届监事会第五次会议决议公告 本公司监事会及全体监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。 ...

一、董事会会议召开情况 浙江亚光科技股份有限公司(以下简称"公司")第四届董事会第五次会议于 2025 年 8 月 27 日上午 10 点在公司行政楼会议室以现场结合网络通讯方式召开， 本次会议通知于 2025 年 8 月 16 日发出。会议应出席董事 9 名，实际出席会议董 事 9 名，其中董事杨尚渤、独立董事周夏飞、邵雷雷、徐进以通讯接入方式参加， 公司全体监事、高级管理人员列席会议。会议由董事长陈国华主持，本次会议的 召集、召开符合《公司法》和《公司章程》的有关规定，会议决议合法、有效。 二、董事会会议审议情况 经与会董事讨论，会议形成以下决议： 一、审议通过了《关于公司 2025 年半年度报告全文及摘要的议案》 根据《公开发行证券的公司信息披露内容与格式准则第 3 号——半年度报告 的内容与格式（2025 年修订）》《公开发行证券的公司信息披露编报规则第 15 号 ——财务报告的一般规定（2023 年修订）》《上海证券交易所股票上市规则（2025 年 4 月修订）》等规则要求，公司组织证券部、财务部编制了公司 2025 年半年度 报告全文及摘要。经与会董事审议，认为公司 2025 年半年度报告及摘要内 ...

[Section I Definitions](index=4&type=section&id=Section%20I%20Definitions) This section provides definitions of key terms used throughout the report [Section II Company Profile and Key Financial Indicators](index=4&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) [2.1 Company Basic Information](index=4&type=section&id=2.1%20Company%20Basic%20Information) This section outlines Zhejiang Yaguang Technology Co, Ltd.'s basic information, including company name, contact details, registered and office addresses, information disclosure channels, and stock overview, with stock code 603282 listed on the Shanghai Stock Exchange - The company's Chinese name is Zhejiang Yaguang Technology Co, Ltd., abbreviated as Yaguang Shares, with Chen Guohua as the legal representative[14](index=14&type=chunk) - The company's shares are RMB A-shares, listed on the Shanghai Stock Exchange, with stock code **603282**[20](index=20&type=chunk) - The company's designated information disclosure newspapers are Shanghai Securities News, Securities Times, China Securities Journal, and Securities Daily, with the website for semi-annual reports being https://www.sse.com.cn/[19](index=19&type=chunk) [2.2 Key Accounting Data and Financial Indicators](index=5&type=section&id=2.2%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue increased by 15.08% year-on-year, but net profit attributable to shareholders and non-recurring net profit decreased by 4.57% and 22.36% respectively, primarily due to market competition and declining product gross margins, while net cash flow from operating activities significantly grew by 106.93% due to strengthened cash flow management Key Accounting Data (January-June 2025 vs. Prior Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Period | Period-on-Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | CNY 344.61 million | CNY 299.46 million | 15.08 | | Total Profit | CNY 47.20 million | CNY 48.01 million | -1.69 | | Net Profit Attributable to Shareholders of the Listed Company | CNY 41.29 million | CNY 43.27 million | -4.57 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses | CNY 33.41 million | CNY 43.03 million | -22.36 | | Net Cash Flow from Operating Activities | CNY 48.87 million | CNY 23.61 million | 106.93 | | Net Assets Attributable to Shareholders of the Listed Company (End of Period) | CNY 1.26 billion | CNY 1.25 billion | 0.91 | | Total Assets (End of Period) | CNY 2.51 billion | CNY 2.66 billion | -5.44 | Key Financial Indicators (January-June 2025 vs. Prior Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Period | Period-on-Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | 0.31 | 0.32 | -3.13 | | Diluted Earnings Per Share (CNY/share) | 0.31 | 0.32 | -3.13 | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (CNY/share) | 0.25 | 0.32 | -21.88 | | Weighted Average Return on Net Assets (%) | 3.24 | 3.49 | Decreased by 0.25 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 2.62 | 3.47 | Decreased by 0.85 percentage points | - Operating revenue increased by **15.08% year-on-year**, primarily due to the progressive acceptance of key projects[24](index=24&type=chunk) - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses decreased by **22.36% year-on-year**, mainly due to declining product gross margins impacted by domestic and international market competition[24](index=24&type=chunk) - Net cash flow from operating activities increased by **106.93% year-on-year**, reflecting the company's strong focus on cash flow security, enhanced collections, and cost-saving measures[24](index=24&type=chunk) [2.3 Non-Recurring Gains and Losses](index=6&type=section&id=2.3%20Non-Recurring%20Gains%20and%20Losses) During the reporting period, the company's total non-recurring gains and losses amounted to CNY 7.88 million, primarily including government grants, fair value changes in financial assets, and disposal gains/losses of non-current assets Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (CNY) | | :--- | :--- | | Disposal gains and losses of non-current assets | -47,301.26 | | Government grants included in current profit and loss (excluding those continuously affecting) | 8,532,887.46 | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises and disposal gains and losses | 784,539.83 | | Other non-operating income and expenses | -44,389.25 | | Less: Income tax impact | 1,351,261.80 | | Impact on minority interests (after tax) | -10,273.03 | | Total | 7,884,748.01 | - VAT refunds for embedded software and VAT super deduction for advanced manufacturing enterprises are recognized as recurring gains and losses, as they comply with national policies and occur continuously[28](index=28&type=chunk) [Section III Management Discussion and Analysis](index=7&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) [3.1 Business Overview and Operating Model](index=7&type=section&id=3.1%20Business%20Overview%20and%20Operating%20Model) The company primarily engages in the R&D, production, and sales of pharmaceutical equipment and energy-saving and environmental protection equipment, providing system engineering solutions for industries such as pharmaceuticals, environmental protection, chemicals, and new energy, utilizing a customized direct sales model, combining in-house and outsourced production, and offering professional installation, commissioning, and after-sales services - The company's main business involves industrial evaporation, crystallization, filtration, washing, drying, and organic solvent distillation equipment, with products categorized into pharmaceutical equipment and energy-saving and environmental protection equipment series[30](index=30&type=chunk) - The pharmaceutical special equipment business is primarily managed by the company, with products covering mainstream API manufacturers in China and actively expanding overseas exports[30](index=30&type=chunk) - Wholly-owned subsidiary Leheng Energy Saving is responsible for environmental protection special equipment, with its core technical team independently developing steam compressors and MVR systems widely used in new energy, environmental protection, fine chemicals, and other industries, successfully expanding overseas business[31](index=31&type=chunk) - The company's products are customized equipment, adopting a direct sales model with phased payment terms, and a production model combining in-house and outsourced manufacturing[32](index=32&type=chunk)[33](index=33&type=chunk) - The company has established a comprehensive procurement management system, ensuring stable cooperation with at least two suppliers for major materials to guarantee supply quality[36](index=36&type=chunk) - The company has a service testing department with a professional team providing on-site guidance for equipment installation, commissioning, operation training, and after-sales maintenance services, and has established cloud-based after-sales service for remote monitoring[37](index=37&type=chunk)[38](index=38&type=chunk) [3.2 Industry Analysis](index=10&type=section&id=3.2%20Industry%20Analysis) In the first half of 2025, the pharmaceutical special equipment industry experienced rapid growth driven by biomedical innovation, policy support, and equipment upgrade demands, accelerating the domestic substitution process, while the environmental protection special equipment industry, propelled by "dual carbon" goals and technological upgrades, is transforming towards intelligence, modularization, and service-orientation, with a clear trend of domestic substitution - In the first half of 2025, the domestic pharmaceutical special equipment industry developed strongly, with the full-year market size expected to exceed **CNY 80 billion**, primarily driven by biomedical innovation, national drug bulk procurement policies, and government support for strategic emerging industries[39](index=39&type=chunk)[40](index=40&type=chunk) - The pharmaceutical equipment industry shows differentiated characteristics, with sub-segments such as biopharmaceutical special equipment, intelligent equipment, and green environmental protection equipment maintaining high growth, and the domestic substitution process significantly accelerating[39](index=39&type=chunk)[41](index=41&type=chunk) - The environmental protection special equipment industry, driven by "dual carbon" goals and the "Action Plan for Intelligent Transformation of Environmental Infrastructure," saw increased orders for water treatment and solid waste disposal equipment, with technological breakthroughs in domestic environmental protection equipment reducing costs and promoting domestic substitution[41](index=41&type=chunk)[42](index=42&type=chunk) - The environmental protection and energy-saving equipment industry is transitioning from single equipment manufacturing to comprehensive services, with increasing penetration of modular design and accelerated technological innovation towards intelligence, IoT, and modularization[42](index=42&type=chunk) [3.3 Operating Performance Analysis](index=12&type=section&id=3.3%20Operating%20Performance%20Analysis) During the reporting period, the company's operating revenue increased by 15.08% year-on-year, but net profit and non-recurring net profit declined, mainly due to market competition and declining gross margins, while net cash flow from operating activities significantly grew by 106.93% through strengthened cash flow management; the company possesses core competencies in brand, customer base, technology, project design, after-sales service, quality management, and management team, with a stable asset-liability structure, though monetary funds and inventory decreased, and construction in progress and trading financial assets increased - During the reporting period, the company achieved operating revenue of **CNY 344.61 million**, a **15.08% year-on-year increase**; net profit attributable to shareholders of **CNY 41.29 million**, a **4.57% year-on-year decrease**; and net cash flow from operating activities of **CNY 48.87 million**, a **106.93% year-on-year increase**[44](index=44&type=chunk) - The company's core competitiveness includes: brand advantage as a national industry standard drafting unit in pharmaceutical special equipment and Leheng Energy Saving's MVR technology filling domestic gaps; customer advantage covering China's top 100 pharmaceutical manufacturers and high-quality new energy and environmental protection clients; technological advantage with a provincial high-tech R&D center and multiple patents; project design advantage from extensive engineering application experience; after-sales service advantage with rapid response and cloud monitoring; quality management advantage through ISO9001 and other certifications; and management team advantage from a stable core team and informatization management system[45](index=45&type=chunk)[46](index=46&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk) Financial Statement Item Fluctuation Analysis (January-June 2025 vs. Prior Period) | Item | Current Period Amount | Prior Period Amount | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | CNY 344,611,306.69 | CNY 299,463,865.86 | 15.08 | | Operating Cost | CNY 247,828,036.47 | CNY 193,849,784.06 | 27.85 | | Selling Expenses | CNY 9,998,653.09 | CNY 13,828,293.07 | -27.69 | | Administrative Expenses | CNY 25,865,771.00 | CNY 27,414,174.88 | -5.65 | | Financial Expenses | CNY -1,783,929.25 | CNY -4,920,904.08 | 63.75 | | R&D Expenses | CNY 15,936,311.29 | CNY 22,143,438.51 | -28.03 | | Net Cash Flow from Operating Activities | CNY 48,866,001.09 | CNY 23,614,590.52 | 106.93 | | Net Cash Flow from Investing Activities | CNY -79,771,258.92 | CNY 72,317,560.10 | -210.31 | | Net Cash Flow from Financing Activities | CNY -31,087,736.28 | CNY -47,722,269.71 | 34.86 | - Operating revenue growth primarily stems from project progress and increased acceptance; operating cost growth outpaced revenue, leading to a decline in gross margin; selling and R&D expenses decreased; financial expenses decreased mainly due to reduced interest from lower remaining raised funds; net cash flow from operating activities significantly increased primarily due to reduced inventory procurement and a slower decline in cash inflows compared to outflows[50](index=50&type=chunk)[51](index=51&type=chunk) Asset and Liability Status Changes (End of Period vs. End of Prior Year) | Item Name | Current Period End Amount | Current Period End % of Total Assets | Prior Year End Amount | Prior Year End % of Total Assets | Current Period End Change vs. Prior Year End (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | CNY 302,343,683.92 | 12.04 | CNY 368,655,868.72 | 13.89 | -17.99 | Decrease due to management of idle funds | | Trading Financial Assets | CNY 121,812,840.66 | 4.85 | CNY 92,070,584.18 | 3.47 | 32.30 | Increase due to management of idle funds | | Notes Receivable | CNY 36,799,777.71 | 1.47 | CNY 61,099,330.11 | 2.30 | -39.77 | Decrease in balance held at period-end | | Inventory | CNY 1,036,975,613.34 | 41.30 | CNY 1,133,630,222.93 | 42.70 | -8.53 | Projects progressively accepted and transferred out | | Construction in Progress | CNY 101,957,538.96 | 4.06 | CNY 72,487,400.04 | 2.73 | 40.66 | Investment in subsidiary's construction in progress | | Contract Liabilities | CNY 975,486,393.22 | 38.86 | CNY 1,063,278,548.95 | 40.05 | -8.26 | Projects progressively accepted and transferred out | Financial Assets Measured at Fair Value (End of Period) | Asset Category | Beginning Balance | Fair Value Change Gains/Losses for the Period | Amount Purchased for the Period | Amount Sold/Redeemed for the Period | Ending Balance | | :--- | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | CNY 92,070,584.18 | CNY 410,271.78 | CNY 290,000,000.00 | CNY 260,668,015.30 | CNY 121,812,840.66 | | Notes Receivable Financing | CNY 14,959,796.08 | - | - | - | CNY 13,300,996.76 | | Total | CNY 107,030,380.26 | CNY 410,271.78 | CNY 290,000,000.00 | CNY 260,668,015.30 | CNY 135,113,837.42 | Financial Information of Major Holding and Participating Companies (January-June 2025) | Company Name | Company Type | Main Business | Registered Capital (CNY) | Total Assets (CNY) | Net Assets (CNY) | Operating Revenue (CNY) | Operating Profit (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Leheng Energy Saving | Subsidiary | R&D, production, and sales of steam compressors and MVR systems | 80 million | 1.53 billion | 568.65 million | 233.69 million | 37.89 million | 33.08 million | | Daliheng | Subsidiary | Manufacturing and sales of pharmaceutical machinery equipment | 10 million | 41.75 million | 2.66 million | 16.66 million | 0.93 million | 0.81 million | | Yaheng Machinery | Subsidiary | Manufacturing and sales of general and specialized equipment | 50 million | 139.35 million | -0.02 million | 64.10 million | -0.46 million | -0.33 million | - During the reporting period, the company deregistered its participating company Henan Yuheng Environmental Technology Co, Ltd., which will not adversely affect the company's overall business development and profitability[58](index=58&type=chunk) [3.4 Risk Factors](index=19&type=section&id=3.4%20Risk%20Factors) The company faces various risks including industry economic cycle fluctuations, new product development and core technology leakage, major raw material price volatility, new product promotion falling short of expectations, declining gross margins, and personnel turnover - The company's performance is significantly affected by the economic cycles of downstream industries such as pharmaceuticals, chemicals, environmental protection, and new energy[59](index=59&type=chunk) - Risks exist regarding new product R&D failure, inability to industrialize R&D achievements, and leakage of core technologies[59](index=59&type=chunk) - Price fluctuations of major raw materials (e.g., steel plates, titanium plates, forgings, valves) may impact the company's costs and profitability[60](index=60&type=chunk) - New product promotion may fall short of expectations, affecting the sustained growth of the company's operating performance[61](index=61&type=chunk) - Increased market competition, fluctuating pricing for customized products, and ineffective cost control may lead to declining gross margins[61](index=61&type=chunk) - Intensified industry competition may lead to the loss of R&D technical talent, weakening the company's technological advantages and competitiveness[62](index=62&type=chunk) [Section IV Corporate Governance, Environment, and Social Responsibility](index=21&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Social%20Responsibility) [4.1 Changes in Directors, Supervisors, and Senior Management](index=21&type=section&id=4.1%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The company's third board of directors and supervisory board terms expired, leading to re-elections during the reporting period, with several directors, independent directors, employee supervisors, and a deputy general manager departing, and new members elected to the fourth board of directors, supervisory board, and senior management Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Change Type | | :--- | :--- | :--- | | Zhou Chengyu | Director | Resigned | | Luo Zongju | Director | Resigned | | Zhang Liwei | Director | Resigned | | Yang Dongsheng | Independent Director | Resigned | | Pan Weili | Independent Director | Resigned | | Yang Jigang | Independent Director | Resigned | | Zhang Junxiao | Employee Supervisor | Resigned | | Huang Jiancai | Employee Supervisor | Resigned | | Piao Qingguo | Deputy General Manager | Resigned | | Zhou Hua | Director | Elected | | Hu Fuzhen | Director | Elected | | Yang Shangbo | Director | Elected | | Zhou Xiafei | Independent Director | Elected | | Shao Leilei | Independent Director | Elected | | Xu Jin | Independent Director | Elected | | Li Xixi | Employee Supervisor | Elected | | Lai Huatan | Employee Supervisor | Elected | - The company held a shareholders' meeting on January 10, 2025, electing members of the fourth board of directors, with original third board members departing upon term expiration[66](index=66&type=chunk) - The company elected employee supervisors and non-employee representative supervisors for the fourth supervisory board on December 18, 2024, and January 10, 2025, respectively[66](index=66&type=chunk) - The company appointed members of the fourth senior management on January 10, 2025, with former Deputy General Manager Piao Qingguo departing, while General Manager Chen Jingbo, Deputy General Manager Ye Jun, CFO Hu Fuzhen, and Board Secretary Wu Chaoqun remained in their positions[66](index=66&type=chunk) [4.2 Profit Distribution Plan](index=21&type=section&id=4.2%20Profit%20Distribution%20Plan) The company's board of directors resolved not to implement a profit distribution or capital reserve to share capital increase plan for the current reporting period - This semi-annual report does not involve a profit distribution plan or a capital reserve to share capital increase plan[7](index=7&type=chunk) - The company's proposed semi-annual profit distribution plan or capital reserve to share capital increase plan is "No"[67](index=67&type=chunk) [Section V Significant Matters](index=23&type=section&id=Section%20V%20Significant%20Matters) [5.1 Fulfillment of Commitments](index=23&type=section&id=5.1%20Fulfillment%20of%20Commitments) The company's actual controllers, shareholders, related parties, and the company itself have timely and strictly fulfilled all commitments made during the initial public offering, including share lock-up, resolution of horizontal competition, resolution of related party transactions, share price stabilization, and prospectus authenticity - The company's actual controllers Chen Guohua and Chen Jingbo, along with other shareholders, directors, supervisors, and senior management, strictly fulfilled their share lock-up commitments made before the initial public offering[71](index=71&type=chunk)[72](index=72&type=chunk)[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk)[76](index=76&type=chunk)[77](index=77&type=chunk)[78](index=78&type=chunk)[79](index=79&type=chunk) - Controlling shareholder and actual controllers Chen Guohua and Chen Jingbo fulfilled their commitments to resolve horizontal competition and related party transactions, avoiding competition with the company's main business and ensuring fairness and impartiality in related party transactions[79](index=79&type=chunk)[80](index=80&type=chunk) - The company, its controlling shareholder, directors, supervisors, and senior management all committed to strictly fulfill obligations according to the share price stabilization plan and bear legal responsibility for the truthfulness, accuracy, and completeness of the prospectus[80](index=80&type=chunk)[81](index=81&type=chunk)[82](index=82&type=chunk)[83](index=83&type=chunk)[84](index=84&type=chunk)[85](index=85&type=chunk)[86](index=86&type=chunk) - All commitments were timely and strictly fulfilled during the reporting period, with no instances of failure to fulfill them on time[71](index=71&type=chunk) [5.2 Major Litigation and Arbitration Matters](index=33&type=section&id=5.2%20Major%20Litigation%20and%20Arbitration%20Matters) The company had no major litigation or arbitration matters during the reporting period; however, subsidiary Hebei Leheng Energy Saving Equipment Co, Ltd. is involved in a construction project contract dispute with Xinyu Xinyihe New Material Technology Co, Ltd., currently in second-instance trial, involving a significant amount, with the financial impact on the company not yet accurately assessable - The company had no major litigation or arbitration matters during the reporting period[94](index=94&type=chunk) - Subsidiary Hebei Leheng Energy Saving Equipment Co, Ltd. is involved in a construction project contract dispute with Xinyu Xinyihe New Material Technology Co, Ltd., with a disputed amount of **CNY 15.23 million** and a counterclaim amount of **CNY 74.93 million**, currently in second-instance trial[504](index=504&type=chunk) - To resolve asset preservation issues, Hebei Leheng Energy Saving Equipment Co, Ltd. applied to Cangzhou Bank for a letter of guarantee to lift litigation preservation, depositing **CNY 29.97 million** as counter-guarantee collateral[505](index=505&type=chunk) - The first-instance judgment supported some of Hebei Leheng Energy Saving Equipment Co, Ltd.'s claims, but both parties appealed, and the second-instance judgment is pending, so the financial impact on the company cannot yet be accurately assessed[506](index=506&type=chunk) [5.3 Major Guarantees](index=35&type=section&id=5.3%20Major%20Guarantees) During the reporting period, the company did not provide guarantees for its subsidiaries, but the outstanding guarantee balance for subsidiaries at the end of the period was CNY 6.34 million, accounting for 0.50% of the company's net assets, including CNY 2.00 million in debt guarantees provided for guaranteed parties with an asset-liability ratio exceeding 70% Company Guarantee Total Amount | Indicator | Amount (CNY 10,000) | | :--- | :--- | | Total guarantees provided for subsidiaries during the reporting period | 200.00 | | Total outstanding guarantees for subsidiaries at the end of the reporting period (B) | 633.67 | | Total guarantees (A+B) | 633.67 | | Total guarantees as a percentage of the company's net assets (%) | 0.50 | | Of which: Debt guarantees provided directly or indirectly for guaranteed parties with an asset-liability ratio exceeding 70% (D) | 200.00 | | Total of the above three guarantee amounts (C+D+E) | 200.00 | - The company has no guarantees provided for shareholders, actual controllers, or their related parties[98](index=98&type=chunk) - Explanation for potential joint and several liability for unexpired guarantees is "None"[98](index=98&type=chunk) [5.4 Progress of Raised Funds Utilization](index=36&type=section&id=5.4%20Progress%20of%20Raised%20Funds%20Utilization) As of the end of the reporting period, the net amount of funds raised from the company's initial public offering was CNY 517.48 million, with a cumulative investment of CNY 429.77 million, representing an investment progress of 83.05%; some raised investment projects experienced slower progress due to external environment and market competition, leading the company to adjust down investment amounts for some projects and reallocate them to a new project, "Screw Compressor Industrialization Project" Overall Utilization of Raised Funds | Source of Raised Funds | Date of Receipt | Net Amount of Raised Funds (CNY) | Cumulative Investment at End of Reporting Period (CNY) | Cumulative Investment Progress (%) | | :--- | :--- | :--- | :--- | :--- | | Initial Public Offering | 2023-03-09 | 517.48 million | 429.77 million | 83.05 | - The raised investment project "Annual Production of 800 Sets of Chemical and Pharmaceutical Equipment Project" is planned to have its investment reduced by **CNY 29 million** and reallocated to the new project "Screw Compressor Industrialization Project" due to equipment investment expenditures not meeting planned budget[105](index=105&type=chunk)[107](index=107&type=chunk) - The slower progress of raised investment projects is mainly influenced by objective factors such as the external economic environment and industry prosperity, with the company adopting a prudent investment strategy[104](index=104&type=chunk) - The company has used raised funds to replace self-raised funds of **CNY 150.35 million** previously invested in raised investment projects and for already paid issuance expenses[108](index=108&type=chunk) [Section VI Changes in Shares and Shareholder Information](index=39&type=section&id=Section%20VI%20Changes%20in%20Shares%20and%20Shareholder%20Information) [6.1 Changes in Share Capital](index=39&type=section&id=6.1%20Changes%20in%20Share%20Capital) During the reporting period, there were no changes in the company's total share capital or share capital structure - During the reporting period, there were no changes in the company's total share capital or share capital structure[110](index=110&type=chunk) [6.2 Shareholder Information](index=40&type=section&id=6.2%20Shareholder%20Information) As of the end of the reporting period, the total number of common shareholders was 8,927; among the top ten shareholders, Chen Guohua and Chen Jingbo are the company's actual controllers, holding a combined 36.24% of shares; some shareholders hold restricted shares and have related party relationships - As of the end of the reporting period, the total number of common shareholders was **8,927**[112](index=112&type=chunk) Top Ten Shareholders' Shareholding (As of End of Reporting Period) | Shareholder Name | Shares Held at Period-End | Percentage (%) | Number of Restricted Shares Held | Share Status | Pledged, Marked, or Frozen Shares | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Chen Guohua | 34,949,800 | 26.12 | 34,949,800 | None | 0 | Domestic Natural Person | | Chen Jingbo | 13,544,000 | 10.12 | 13,544,000 | None | 0 | Domestic Natural Person | | Zhang Xianxin | 7,185,344 | 5.37 | 7,185,344 | None | 0 | Domestic Natural Person | | Lin Peigao | 6,533,500 | 4.88 | 0 | None | 0 | Domestic Natural Person | | Zhang Liwei | 5,812,800 | 4.34 | 0 | None | 0 | Domestic Natural Person | | Wenzhou Yuanxi Equity Investment Partnership (Limited Partnership) | 5,642,968 | 4.22 | 5,642,968 | None | 0 | Domestic Non-State-Owned Legal Person | | Chen Shaolong | 4,812,800 | 3.60 | 0 | None | 0 | Domestic Natural Person | | Zhang Xianbiao | 4,790,229 | 3.58 | 4,790,229 | None | 0 | Domestic Natural Person | | Li Weihua | 3,523,700 | 2.63 | 0 | Pledged | 2,170,000 | Domestic Natural Person | | Wenzhou Huayi Equity Investment Partnership (Limited Partnership) | 3,523,200 | 2.63 | 3,523,200 | None | 0 | Domestic Non-State-Owned Legal Person | - Chen Guohua and Chen Jingbo are father and son, acting in concert; Zhang Xianbiao and Zhang Xianxin are Chen Guohua's brothers-in-law, constituting related parties; Chen Guohua is the executive partner of Wenzhou Yuanxi and Wenzhou Huayi, constituting related parties[114](index=114&type=chunk) - The company's special securities account for share repurchase holds **1.37 million shares**, representing a shareholding ratio of **1.03%**[114](index=114&type=chunk) [Section VII Bond-Related Information](index=43&type=section&id=Section%20VII%20Bond-Related%20Information) [7.1 Corporate Bonds and Non-Financial Enterprise Debt Financing Instruments](index=43&type=section&id=7.1%20Corporate%20Bonds%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) During the reporting period, the company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments - The company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during the reporting period[120](index=120&type=chunk) [7.2 Convertible Corporate Bonds](index=43&type=section&id=7.2%20Convertible%20Corporate%20Bonds) During the reporting period, the company had no convertible corporate bonds - The company had no convertible corporate bonds during the reporting period[120](index=120&type=chunk) [Section VIII Financial Report](index=44&type=section&id=Section%20VIII%20Financial%20Report) [8.1 Audit Report](index=44&type=section&id=8.1%20Audit%20Report) This semi-annual report is unaudited - This semi-annual report is unaudited[6](index=6&type=chunk) [8.2 Financial Statements](index=44&type=section&id=8.2%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 reflecting the company's financial position, operating results, and cash flows at the end of the reporting period [8.2.1 Consolidated Balance Sheet](index=44&type=section&id=8.2.1%20Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's consolidated total assets were CNY 2.51 billion, a 5.44% decrease from the end of the prior year; consolidated total liabilities were CNY 1.25 billion, an 11.00% decrease from the end of the prior year; and owners' equity attributable to the parent company was CNY 1.26 billion, a 0.91% increase from the end of the prior year - As of June 30, 2025, consolidated total assets were **CNY 2.51 billion**, and consolidated total liabilities were **CNY 1.25 billion**[124](index=124&type=chunk) - Owners' equity attributable to the parent company was **CNY 1.26 billion**[124](index=124&type=chunk) [8.2.2 Parent Company Balance Sheet](index=46&type=section&id=8.2.2%20Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were CNY 1.23 billion, total liabilities were CNY 394.42 million, and total owners' equity was CNY 839.64 million - As of June 30, 2025, the parent company's total assets were **CNY 1.23 billion**, and total liabilities were **CNY 394.42 million**[128](index=128&type=chunk) - The parent company's total owners' equity was **CNY 839.64 million**[128](index=128&type=chunk) [8.2.3 Consolidated Income Statement](index=48&type=section&id=8.2.3%20Consolidated%20Income%20Statement) For January-June 2025, the company's consolidated total operating revenue was CNY 344.61 million, a 15.08% year-on-year increase; consolidated net profit was CNY 41.69 million, a 2.33% year-on-year decrease; and net profit attributable to parent company shareholders was CNY 41.29 million, a 4.57% year-on-year decrease - For January-June 2025, consolidated total operating revenue was **CNY 344.61 million**, and consolidated net profit was **CNY 41.69 million**[130](index=130&type=chunk)[132](index=132&type=chunk) - Net profit attributable to parent company shareholders was **CNY 41.29 million**, with basic and diluted earnings per share both being **CNY 0.31/share**[132](index=132&type=chunk) [8.2.4 Parent Company Income Statement](index=50&type=section&id=8.2.4%20Parent%20Company%20Income%20Statement) For January-June 2025, the parent company's operating revenue was CNY 96.93 million, a 22.74% year-on-year decrease; net profit was CNY 6.32 million, a 7.35% year-on-year increase - For January-June 2025, the parent company's operating revenue was **CNY 96.93 million**, and net profit was **CNY 6.32 million**[134](index=134&type=chunk)[135](index=135&type=chunk) [8.2.5 Consolidated Cash Flow Statement](index=52&type=section&id=8.2.5%20Consolidated%20Cash%20Flow%20Statement) For January-June 2025, the company's net cash flow from operating activities was CNY 48.87 million, a 106.93% year-on-year increase; net cash flow from investing activities was -CNY 79.77 million, a 210.31% year-on-year decrease; and net cash flow from financing activities was -CNY 31.09 million, a 34.86% year-on-year decrease - Net cash flow from operating activities was **CNY 48.87 million**, a **106.93% increase** compared to the prior year[138](index=138&type=chunk) - Net cash flow from investing activities was **-CNY 79.77 million**, primarily due to increased cash management of idle liquid assets during the period[138](index=138&type=chunk)[51](index=51&type=chunk) - Net cash flow from financing activities was **-CNY 31.09 million**, primarily due to a decrease in cash dividends implemented during the period compared to the prior year[138](index=138&type=chunk)[51](index=51&type=chunk) [8.2.6 Parent Company Cash Flow Statement](index=54&type=section&id=8.2.6%20Parent%20Company%20Cash%20Flow%20Statement) For January-June 2025, the parent company's net cash flow from operating activities was CNY 11.63 million, turning positive from negative in the prior year; net cash flow from investing activities was -CNY 46.60 million; and net cash flow from financing activities was -CNY 30.99 million - The parent company's net cash flow from operating activities was **CNY 11.63 million**, compared to **-CNY 27.11 million** in the prior year[140](index=140&type=chunk) - The parent company's net cash flow from investing activities was **-CNY 46.60 million**, and net cash flow from financing activities was **-CNY 30.99 million**[141](index=141&type=chunk) [8.2.7 Consolidated Statement of Changes in Owners' Equity](index=56&type=section&id=8.2.7%20Consolidated%20Statement%20of%20Changes%20in%20Owners%20Equity) For January-June 2025, the company's consolidated total owners' equity increased by CNY 11.76 million, mainly influenced by an increase in comprehensive income and a decrease in profit distribution - The total comprehensive income attributable to parent company owners for the current period was **CNY 41.29 million**[143](index=143&type=chunk) - Profit distribution for the current period resulted in a **CNY 31.12 million decrease** in undistributed profits[145](index=145&type=chunk) [8.2.8 Parent Company Statement of Changes in Owners' Equity](index=61&type=section&id=8.2.8%20Parent%20Company%20Statement%20of%20Changes%20in%20Owners%20Equity) For January-June 2025, the parent company's total owners' equity decreased by CNY 24.60 million, mainly due to profit distribution and an increase in treasury stock - The total comprehensive income of the parent company for the current period was **CNY 6.32 million**[151](index=151&type=chunk) - Profit distribution for the current period resulted in a **CNY 31.12 million decrease** in undistributed profits[153](index=153&type=chunk) - Treasury stock increased by **CNY 0.34 million** during the current period[151](index=151&type=chunk) [8.3 Company Basic Information](index=64&type=section&id=8.3%20Company%20Basic%20Information) Zhejiang Yaguang Technology Co, Ltd., formerly Wenzhou Yaguang Machinery Manufacturing Co, Ltd., was restructured into a joint-stock company in 2015 and listed on the Shanghai Stock Exchange on March 15, 2023, primarily engaged in pharmaceutical equipment and MVR system businesses within the specialized equipment manufacturing industry - The company's shares were listed on the Shanghai Stock Exchange on March 15, 2023, with a registered capital of **CNY 133.82 million**[154](index=154&type=chunk) - The company's main business involves industrial evaporation, crystallization, filtration, washing, drying, and organic solvent distillation equipment, with primary revenue derived from the manufacturing and sales of pharmaceutical equipment and energy-saving and environmental protection MVR evaporation and crystallization systems[155](index=155&type=chunk) - According to the China Securities Regulatory Commission classification, the company belongs to the specialized equipment manufacturing industry (C35) within manufacturing (C)[155](index=155&type=chunk) [8.4 Basis of Financial Statement Preparation](index=64&type=section&id=8.4%20Basis%20of%20Financial%20Statement%20Preparation) The company's financial statements are prepared on a going concern basis, and its ability to continue as a going concern for 12 months from the end of the reporting period has been assessed, with no issues affecting going concern identified - The company's financial statements are prepared on a going concern basis[156](index=156&type=chunk) - The company has assessed its ability to continue as a going concern for 12 months from the end of the reporting period, and no issues affecting its going concern ability have been identified[157](index=157&type=chunk) [8.5 Significant Accounting Policies and Accounting Estimates](index=64&type=section&id=8.5%20Significant%20Accounting%20Policies%20and%20Accounting%20Estimates) The company determines specific accounting policies and estimates based on its production and operating characteristics, adhering to enterprise accounting standards; during the reporting period, the company implemented "Interpretation No. 17 of Enterprise Accounting Standards" and "Interpretation No. 18 of Enterprise Accounting Standards" issued by the Ministry of Finance, with Interpretation No. 18 standardizing the accounting treatment of guarantee-type quality assurance expenses as operating costs and adjusting comparable period financial statements - The company implemented "Interpretation No. 17 of Enterprise Accounting Standards" issued by the Ministry of Finance starting from January 1, 2024, which did not have a significant impact on the company's financial position and operating results[288](index=288&type=chunk)[289](index=289&type=chunk)[290](index=290&type=chunk) - The company began implementing "Interpretation No. 18 of Enterprise Accounting Standards" issued by the Ministry of Finance starting from the 2024 fiscal year, recognizing guarantee-type quality assurance expenses as operating costs and adjusting relevant items in the consolidated and parent company comparative financial statements for January-June 2024[290](index=290&type=chunk)[291](index=291&type=chunk) Impact of Accounting Policy Changes on Financial Statement Items (January-June 2024) | Affected Financial Statement Item | Jan-Jun 2024 (Consolidated) Before Adjustment | Jan-Jun 2024 (Consolidated) After Adjustment | Jan-Jun 2024 (Parent Company) Before Adjustment | Jan-Jun 2024 (Parent Company) After Adjustment | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | CNY 18,471,758.69 | CNY 13,828,293.07 | CNY 9,238,065.35 | CNY 5,474,185.15 | | Operating Cost | CNY 189,206,318.44 | CNY 193,849,784.06 | CNY 89,318,352.92 | CNY 93,082,233.12 | [8.6 Taxation](index=95&type=section&id=8.6%20Taxation) The company and its subsidiaries' main taxes include VAT, urban maintenance and construction tax, corporate income tax, property tax, education surcharge, and land use tax; the company and some subsidiaries enjoy corporate income tax preferential policies for high-tech enterprises, as well as VAT immediate refund for embedded software and VAT super deduction for advanced manufacturing enterprises Major Tax Categories and Rates | Tax Category | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Sales of goods or provision of taxable services | 13% | | Urban Maintenance and Construction Tax | Amount of turnover tax actually paid | 5%, 7% | | Corporate Income Tax | Taxable income | 15%, 20% | | Property Tax | 70% of original property value (or rental income) as tax base | 12%, 1.2% | | Education Surcharge | Amount of turnover tax actually paid | 3% | | Land Use Tax | Based on land area | CNY 3/sqm, CNY 5/sqm | - The company, Hebei Leheng Energy Saving Equipment Co, Ltd., and Hebei Daliheng Machinery Equipment Co, Ltd. enjoy a corporate income tax preferential policy of **15%** for high-tech enterprises[295](index=295&type=chunk) - Zhejiang Yaheng Machinery Equipment Co, Ltd. and Beijing Leheng Tianyi Technology Co, Ltd. meet the conditions for small and micro-profit enterprises and pay corporate income tax at a rate of **20%**[295](index=295&type=chunk) - The company and Hebei Leheng Energy Saving Equipment Co, Ltd. enjoy VAT immediate refund policy for embedded software and VAT super deduction policy for advanced manufacturing enterprises[296](index=296&type=chunk) [8.7 Notes to Consolidated Financial Statement Items](index=97&type=section&id=8.7%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section details the ending balances, beginning balances, and changes and reasons for each major item in the consolidated financial statements; monetary funds, notes receivable, inventory, and contract liabilities decreased, while trading financial assets and construction in progress increased; provisions for doubtful accounts for accounts receivable and contract assets are explained in detail, particularly a significant provision for accounts receivable from Zhicun Lithium Industry Group Co, Ltd.; both operating revenue and costs increased, but cost growth outpaced revenue, putting pressure on gross margins; operating cash flow significantly improved, and investing cash outflow increased - The ending balance of monetary funds was **CNY 302.34 million**, of which **CNY 34.73 million** was restricted funds such as letter of guarantee deposits[299](index=299&type=chunk) - The ending balance of trading financial assets was **CNY 121.81 million**, a **32.30% increase** from the beginning of the period, mainly due to the management of idle funds[301](index=301&type=chunk)[51](index=51&type=chunk) - The ending balance of accounts receivable was **CNY 213.22 million**, including a single provision for doubtful accounts of **CNY 47.50 million** for Zhicun Lithium Industry Group Co, Ltd. due to its uncertain operating conditions[314](index=314&type=chunk)[315](index=315&type=chunk)[317](index=317&type=chunk) - The ending balance of inventory was **CNY 1.04 billion**, a **8.53% decrease** from the beginning of the period, mainly due to projects being progressively accepted and transferred out[357](index=357&type=chunk)[52](index=52&type=chunk) - The ending balance of construction in progress was **CNY 101.96 million**, a **40.66% increase** from the beginning of the period, mainly due to investment in subsidiary's construction in progress[374](index=374&type=chunk)[52](index=52&type=chunk) - The ending balance of contract liabilities was **CNY 975.49 million**, a **8.26% decrease** from the beginning of the period, mainly due to projects being progressively accepted and transferred out[402](index=402&type=chunk)[52](index=52&type=chunk) - Operating revenue was **CNY 344.61 million**, a **15.08% year-on-year increase**; operating cost was **CNY 247.83 million**, a **27.85% year-on-year increase**, with cost growth outpacing revenue[430](index=430&type=chunk) - Net cash flow from operating activities was **CNY 48.87 million**, a **106.93% increase** compared to the prior year[458](index=458&type=chunk) [8.8 R&D Expenses](index=147&type=section&id=8.8%20R%26D%20Expenses) During the reporting period, the company's R&D expenses were CNY 15.94 million, a 28.03% year-on-year decrease, mainly due to reduced R&D investment during the period, with all R&D expenditures expensed R&D Expenses by Nature | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Employee Compensation | CNY 12,816,433.46 | CNY 14,661,015.58 | | Material Consumption | CNY 653,078.57 | CNY 2,743,814.60 | | Depreciation Expense | CNY 2,031,778.81 | CNY 1,532,885.79 | | Outsourced Development and Consulting Fees | CNY 348,000.00 | CNY 2,039,980.58 | | Other Expenses | CNY 87,020.45 | CNY 1,165,741.96 | | Total | CNY 15,936,311.29 | CNY 22,143,438.51 | | Of which: Expensed R&D Expenditures | CNY 15,936,311.29 | CNY 22,143,438.51 | | Capitalized R&D Expenditures | 0 | 0 | - R&D expenses decreased by **28.03% year-on-year**, mainly due to a reduction in the company's R&D investment during the current period[51](index=51&type=chunk)[439](index=439&type=chunk) [8.9 Changes in Consolidation Scope](index=147&type=section&id=8.9%20Changes%20in%20Consolidation%20Scope) During the reporting period, the company had no business combinations under non-common control, business combinations under common control, reverse acquisitions, or disposal of subsidiaries leading to loss of control, nor any other changes in the consolidation scope - During the reporting period, the company had no business combinations under non-common control, business combinations under common control, reverse acquisitions, or disposal of subsidiaries leading to loss of control[467](index=467&type=chunk)[468](index=468&type=chunk) - The company had no other changes in the consolidation scope[468](index=468&type=chunk) [8.10 Equity in Other Entities](index=148&type=section&id=8.10%20Equity%20in%20Other%20Entities) The company holds equity in subsidiaries including Hebei Leheng Energy Saving Equipment Co, Ltd., Beijing Leheng Tianyi Technology Co, Ltd., Zhejiang Yaheng Machinery Equipment Co, Ltd., and Hebei Daliheng Machinery Equipment Co, Ltd., with Hebei Daliheng Machinery Equipment Co, Ltd. being a significant non-wholly-owned subsidiary with a minority interest of 49.00%; the company also holds equity in associates Shandong Huayi Engineering Technology Co, Ltd. and Chongqing Xinrui Power Machinery Co, Ltd. Composition of the Enterprise Group | Subsidiary Name | Main Operating Location | Registered Capital (CNY) | Business Nature | Shareholding Ratio (%) Direct | Shareholding Ratio (%) Indirect | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hebei Leheng Energy Saving Equipment Co, Ltd. | Hebei Province | 80 million | Manufacturing | 100.00 | - | Acquisition under common control | | Beijing Leheng Tianyi Technology Co, Ltd. | Beijing | 10 million | Technical Services | - | 100.00 | Synchronous acquisition by Leheng subsidiary | | Zhejiang Yaheng Machinery Equipment Co, Ltd. | Zhejiang Province | 50 million | Trading Company | 100.00 | - | Establishment | | Hebei Daliheng Machinery Equipment Co, Ltd. | Hebei Province | 10 million | Manufacturing | 51.00 | - | Establishment | Key Financial Information of Significant Non-Wholly-Owned Subsidiary (Hebei Daliheng Machinery Equipment Co, Ltd.) | Indicator | Ending Balance (CNY) | Beginning Balance (CNY) | | :--- | :--- | :--- | | Minority Interest Shareholding Ratio (%) | 49.00 | 49.00 | | Net Profit Attributable to Minority Interests for the Period | 394,533.74 | -1,159,148.48 | | Ending Balance of Minority Interests | -463,094.53 | -857,628.27 | | Operating Revenue | 16,657,182.16 | 768,274.33 | | Net Profit | 805,170.90 | -1,159,148.48 | | Net Cash Flow from Operating Activities | -570,798.86 | -2,942,830.35 | - The company holds equity in associates Shandong Huayi Engineering Technology Co, Ltd. and Chongqing Xinrui Power Machinery Co, Ltd.[492](index=492&type=chunk) - The total carrying amount of investments in insignificant associates was **CNY 0.82 million**, with a net loss of **CNY 0.28 million** for the current period[475](index=475&type=chunk) [8.11 Government Grants](index=153&type=section&id=8.11%20Government%20Grants) At the end of the reporting period, the balance of government grants in the company's deferred income was CNY 20.03 million, primarily asset-related; the total government grants recognized in current profit and loss for the period was CNY 12.08 million, mainly including government grants closely related to the company's normal operating activities, VAT refunds for embedded software, and VAT super deduction for advanced manufacturing enterprises Liability Items Involving Government Grants | Financial Statement Item | Beginning Balance (CNY) | New Grants for the Period (CNY) | Amount Recognized in Non-Operating Income for the Period (CNY) | Amount Transferred to Other Income for the Period (CNY) | Ending Balance (CNY) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 20,287,670.22 | - | - | 260,827.75 | 20,026,842.47 | Asset | Government Grants Recognized in Current Profit and Loss | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Government Grants | 8,435,123.73 | 569,678.79 | | VAT Refund for Embedded Software | 2,151,921.29 | 1,938,933.21 | | Handling Fee Refund for Withholding Individual Income Tax | 97,763.73 | 211,476.08 | | Land Support Funds | - | 238,327.75 | | VAT Super Deduction for Advanced Manufacturing Enterprises | 1,395,369.60 | 4,965,377.07 | | Total | 12,080,178.35 | 7,923,792.90 | [8.12 Risks Related to Financial Instruments](index=154&type=section&id=8.12%20Risks%20Related%20to%20Financial%20Instruments) The company faces credit risk, liquidity risk, and market risk (foreign exchange risk and interest rate risk); the company manages these risks by setting credit policies, regularly monitoring customer credit records, coordinating cash management, and paying attention to exchange rate fluctuations, ensuring overall risk is within a controllable range - The company's financial instrument-related risks primarily include credit risk, liquidity risk, and market risk[480](index=480&type=chunk) - Credit risk mainly arises from monetary funds, notes receivable, accounts receivable, notes receivable financing, other receivables, contract assets, and long-term receivables; the company controls this risk by assessing customer creditworthiness, setting credit terms, and regular monitoring[480](index=480&type=chunk)[481](index=481&type=chunk) - Liquidity risk is managed by regularly monitoring short-term and long-term liquidity needs, ensuring sufficient cash reserves and readily convertible marketable securities[484](index=484&type=chunk) - Market risk primarily includes foreign exchange risk (assets and liabilities denominated in USD and EUR) and interest rate risk (no long-term interest-bearing debt as of the end of the reporting period)[484](index=484&type=chunk) [8.13 Disclosure of Fair Value](index=156&type=section&id=8.13%20Disclosure%20of%20Fair%20Value) The company's assets measured at fair value primarily include trading financial assets and notes receivable financing; trading financial assets are measured using Level 2 fair value, while notes receivable financing are measured using Level 3 fair value; the carrying amounts of financial assets and liabilities not measured at fair value are very close to their fair values Fair Value of Assets and Liabilities Measured at Fair Value at Period-End | Item | Level 1 Fair Value Measurement | Level 2 Fair Value Measurement | Level 3 Fair Value Measurement | Total | | :--- | :--- | :--- | :--- | :--- | | I. Recurring Fair Value Measurement | | | | | | (I) Trading Financial Assets | - | CNY 121,812,840.66 | - | CNY 121,812,840.66 | | (VI) Notes Receivable Financing | - | - | CNY 13,300,996.76 | CNY 13,300,996.76 | | Total Assets Measured at Fair Value on a Recurring Basis | - | CNY 121,812,840.66 | CNY 13,300,996.76 | CNY 135,113,837.42 | - Trading financial assets (including bank wealth management products, equity instrument investments) are measured using Level 2 fair value, determined through specific valuation techniques[489](index=489&type=chunk) - Notes receivable financing, due to their short remaining maturity, have carrying amounts close to fair value and are measured at face value as fair value, belonging to Level 3 fair value measurement[490](index=490&type=chunk) - The carrying amounts of financial assets and liabilities not measured at fair value (e.g., monetary funds, accounts receivable, accounts payable) are very close to their fair values[491](index=491&type=chunk) [8.14 Related Parties and Related Party Transactions](index=158&type=section&id=8.14%20Related%20Parties%20and%20Related%20Party%20Transactions) The company's related parties include subsidiaries, associates, actual controllers, directors, supervisors, senior management, and employee shareholding platforms; during the reporting period, the company engaged in equipment procurement related party transactions with associate Shandong Huayi Engineering Technology Co, Ltd., amounting to CNY 5.14 million; key management personnel compensation was CNY 1.93 million; at period-end, prepaid accounts from Shandong Huayi Engineering Technology Co, Ltd. were CNY 3.30 million, and accounts payable were CNY 0.27 million - The company's related parties include subsidiaries, associates (Shandong Huayi Engineering Technology Co, Ltd., Chongqing Xinrui Power Machinery Co, Ltd.), actual controllers Chen Guohua and Chen Jingbo, directors, supervisors, senior management, and employee shareholding platforms (Wenzhou Yuanxi, Wenzhou Huayi)[492](index=492&type=chunk) Related Party Transactions for Purchase and Sale of Goods/Acceptance of Services | Related Party | Related Transaction Content | Current Period Amount (CNY) | Approved Transaction Limit (if applicable) (CNY) | Exceeded Transaction Limit (if applicable) | Prior Period Amount (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shandong Huayi Engineering Technology Co, Ltd. | Equipment Procurement | 5,143,362.83 | 20,000,000.00 | No | 6,508,849.56 | - Key management personnel compensation for the current period was **CNY 1.93 million**, compared to **CNY 6.03 million** in the prior period[496](index=496&type=chunk) Unsettled Items with Related Parties (Receivables and Payables) | Item Name | Related Party | Ending Balance (Book Balance) (CNY) | Beginning Balance (Book Balance) (CNY) | | :--- | :--- | :--- | :--- | | Prepaid Accounts | Shandong Huayi Engineering Technology Co, Ltd. | 3,299,468.39 | 5,281,557.78 | | Accounts Payable | Shandong Huayi Engineering Technology Co, Ltd. | 267,000.00 | 0 | [8.15 Commitments and Contingencies](index=162&type=section&id=8.15%20Commitments%20and%20Contingencies) As of the end of the reporting period, the company had several outstanding letters of guarantee with significant total amounts; additionally, subsidiary Hebei Leheng Energy Saving Equipment Co, Ltd.'s construction project contract dispute with Xinyu Xinyihe New Material Technology Co, Ltd. is still in second-instance trial, and the contingent liabilities and their financial impact cannot yet be accurately assessed Outstanding Letters of Guarantee (As of June 30, 2025) | Issuing Bank | Guarantee Type | Guarantee Amount (CNY) | Guarantee Expiry Date | | :--- | :--- | :--- | :--- | | Industrial and Commercial Bank of China Wenzhou Longwan Branch | Advance Payment Guarantee | 0.14 million | 2026/5/11 | | China Merchants Bank Wenzhou Longwan Branch | Demand Guarantee | AUD 926,300.00 | 2026/7/18 | | Industrial and Commercial Bank of China Wenzhou Longwan Branch | Advance Payment Guarantee | 0.58 million | 2025/6/20 | | Cangzhou Bank Dachang Branch | Quality Maintenance Guarantee | 0.07 million | 2026/6/4 | | Cangzhou Bank Dachang Branch | Quality Maintenance Guarantee | 0.93 million | 2026/12/31 | | Cangzhou Bank Dachang Branch | Demand Guarantee | 74.93 million | 2027/9/10 | | CITIC Bank Langfang Branch | Domestic Payment Guarantee | 4.96 million | 2025/12/23 | | CITIC Bank Langfang Branch | Domestic Performance Guarantee | 11.60 million | 2025/9/27 | - Subsidiary Hebei Leheng Energy Saving Equipment Co, Ltd.'s construction project contract dispute with Xinyu Xinyihe New Material Technology Co, Ltd. is still in second-instance trial, involving a significant disputed amount, and the financial impact on the company cannot yet be accurately assessed[504](index=504&type=chunk)[506](index=506&type=chunk) - The company has no other significant contingent matters requiring disclosure[507](index=507&type=chunk) [8.16 Supplementary Information](index=176&type=section&id=8.16%20Supplementary%20Information) This section provides supplementary information including a detailed statement of non-recurring gains and losses, net assets return, and earnings per share; during the reporting period, the company's total non-recurring gains and losses amounted to CNY 7.88 million, with a weighted average return on net assets of 3.24%, and 2.62% after deducting non-recurring gains and losses Detailed Statement of Non-Recurring Gains and Losses for the Current Period | Item | Amount (CNY) | | :--- | :--- | | Disposal gains and losses of non-current assets | -47,301.26 | | Government grants included in current profit and loss (excluding those continuously affecting) | 8,532,887.46 | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises and disposal gains and losses | 784,539.83 | | Other non-operating income and expenses | -44,389.25 | | Less: Income tax impact | 1,351,261.80 | | Impact on minority interests (after tax) | -10,273.03 | | Total | 7,884,748.01 | Net Assets Return and Earnings Per Share | Profit for the Reporting Period | Weighted Average Return on Net Assets (%) | Basic Earnings Per Share | Diluted Earnings Per Share | | :--- | :--- | :--- | :--- | | Net profit attributable to common shareholders of the company | 3.24 | 0.31 | 0.31 | | Net profit attributable to common shareholders of the company after deducting non-recurring gains and losses | 2.62 | 0.25 | 0.25 | - VAT refunds for embedded software and VAT super deduction for advanced manufacturing enterprises are recognized as recurring gains and losses, as they comply with national policies and occur continuously[551](index=551&type=chunk)

浙江亚光科技股份有限公司 市值管理制度 (2025 年 8 月) 第一章 总则 第一条 为加强浙江亚光科技股份有限公司(以下简称"公司")市值管理工作， 进一步规范公司的市值管理行为，维护公司、投资者及其他利益相 关者的合法权益，根据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司监管指引第 10 号——市值管理》等法律法规 及《浙江亚光科技股份有限公司章程》(以下简称"《公司章程》")， 结合公司实际情况，制定本制度。 第二条 本制度所称市值管理，是指公司以提高公司质量为基础，为提升公 司投资价值和股东回报能力而实施的战略管理行为。 第三条 公司应当牢固树立回报股东意识，采取措施保护投资者尤其是中小 投资者利益，诚实守信、规范运作、专注主业、稳健经营，以新质 生产力的培育和运用，推动经营水平和发展质量提升，并在此基础 上做好投资者关系管理，增强信息披露质量和透明度，必要时积极 采取措施提振投资者信心，推动公司投资价值合理反映公司质量。 第四条 公司质量是公司投资价值的基础和市值管理的重要抓手。公司应当 立足提升公司质量，依法依规运用各类方式提升公司投资价值。 第五条 市值管理的基本原则 (一) ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688600 | 皖仪科技 | 23.62 | 2.70% | 5.50万 | 1.30亿 | | 300786 | 国林科技 | 15.39 | 0.39% | 8.23万 | 1.26亿 | | 688309 | 恒营环保 | 21.52 | 0.37% | 1.41万 | 3031.25万 | | 600817 | 字通車丁 | 12.40 | 0.16% | 3.27万 | 4045.55万 | | 301288 | *ST清研 | 13.47 | 0.15% | 1.08万 | 1455.93万 | | 688501 | 青达环保 | 26.13 | -0.08% | 1.45万 | 3783.32万 | | 300800 | 力合科技 | 11.79 | -0.17% | 2.95万 | 3468.30万 | | 688671 | 碧兴物联 | 22.65 | -0.22% | 6216.58 | 1405.49万 | | 001336 ...

证券时报•数据宝统计显示，上榜的前五大买卖营业部合计成交5398.14万元，其中，买入成交额为 3395.65万元，卖出成交额为2002.50万元，合计净买入1393.15万元。 （原标题：亚光股份龙虎榜：营业部净买入1393.15万元） 亚光股份(603282)今日涨停，全天换手率5.75%，成交额7127.58万元，振幅10.27%。龙虎榜数据显示， 营业部席位合计净买入1393.15万元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.70%上榜，营业部席位合计净买入1393.15万元。 具体来看，今日上榜营业部中，第一大买入营业部为开源证券股份有限公司西安西大街证券营业部，买 入金额为2055.57万元，第一大卖出营业部为国金证券股份有限公司深圳分公司，卖出金额为1479.65万 元。 资金流向方面，今日该股主力资金净流入2558.05万元，其中，特大单净流入1899.75万元，大单资金净 流入658.30万元。近5日主力资金净流入2525.81万元。 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 开 ...

Group 1 - The environmental equipment sector increased by 0.2% on July 29, with Yaguang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] - Notable performers in the environmental equipment sector included Yami Co., Ltd. with a closing price of 19.75, up 10.03%, and Huahong Technology with a closing price of 15.60, up 3.04% [1] Group 2 - The environmental equipment sector experienced a net outflow of 61.21 million yuan from institutional investors, while retail investors saw a net inflow of 96.92 million yuan [2] - The top net inflows from retail investors were observed in Yami Co., Ltd. with 24.87 million yuan and Longjing Environmental Protection with 24.74 million yuan [3] - Conversely, significant net outflows from institutional investors were noted in Huahong Technology with 58.04 million yuan and Longjing Environmental Protection with 10.72 million yuan [3]

Fundraising Overview - The company Zhejiang Yaguang Technology Co., Ltd. successfully completed its initial public offering (IPO) on March 15, 2023, raising a total of RMB 603 million by issuing 33.5 million shares at RMB 18.00 per share, with a net amount of RMB 494.7 million after deducting issuance costs of RMB 85.5 million [1][3] Fund Management and Storage - The company has established a fundraising management system in compliance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, to ensure the protection of investors' rights [1][5] - The company has signed tripartite supervision agreements with banks for the special account storage of the raised funds, including agreements with China Merchants Bank, Industrial Bank, and Zhejiang Tailong Commercial Bank [2][5] - As of December 31, 2024, the total balance of the raised funds in various accounts is RMB 112.08 million, allocated for projects such as the production of MVR and energy-saving products [2][3] Changes in Fund Allocation - The company has decided to reallocate RMB 29 million of the raised funds from the "Annual Production of 800 Sets of Chemical and Pharmaceutical Equipment Project" to a new project titled "Screw Compressor Industrialization Construction Project" [4][5] Tripartite Supervision Agreement Details - The tripartite supervision agreement involves the company, its wholly-owned subsidiary Hebei Leheng Energy-Saving Equipment Co., Ltd., and Guojin Securities Co., Ltd. as the sponsor, ensuring that the funds are used solely for the designated project and not for other purposes [5][6] - The agreement stipulates that the sponsor has the right to supervise the use of the funds and must conduct regular checks on the special account [6][8]

证券代码：603282 证券简称：亚光股份 公告编号：2025-036 浙江亚光科技股份有限公司 关于全资子公司新增募集资金专户 并签署三方监管协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 日公司分别与募集资金专户存储银行招商银行股份有限公司温州龙湾支行、兴业 银行股份有限公司温州龙湾支行及浙江泰隆商业银行股份有限公司温州分行签 订了《募集资金专户存储三方监管协议》。2023 年 3 月 27 日，公司及子公司河 北乐恒节能设备有限公司与沧州银行股份有限公司大厂支行签订了《募集资金专 户存储三方监管协议》，上述监管协议与上海证券交易所三方监管协议范本不存 在重大差异，本公司在使用募集资金时已经严格遵照履行。 （二）募集资金存储情况 截至 2024 年 12 月 31 日止，募集资金存储情况如下： | 户名 | 银 行 名 称 | 银行帐号 | 募投项目名称 | 余额 | | --- | --- | --- | --- | --- | | 浙江亚光科技股份 有限公司 | 招商银行股份有限 公司温州龙湾支行 | 57 ...