证券代码：603496 证券简称：恒为科技 公告编号：2025-046 恒为科技（上海）股份有限公司 关于控股股东、实际控制人及其一致行动人权益变动 触及 1%刻度的提示性公告 公司控股股东、实际控制人沈振宇、胡德勇、王翔及其一致行动人添橙 MAD 恩 慧 1 号私募证券投资基金保证向本公司提供的信息真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 27.9737% | | | | 权益变动后合计比例 | 26.7469% | | | | 本次变动是否违反已作出的承 | 是□ | 否☑ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 投资者及其一致行动人的身份 ☑控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人（ ...

Core Viewpoint - The announcement details a change in the equity holdings of the controlling shareholders of Hengwei Technology, indicating a decrease in their combined shareholding from 27.9737% to 26.7469% due to a reduction in shares held by the private equity fund 添橙 MAD 恩慧 1 号 [1][2][3] Group 1: Shareholding Changes - The private equity fund 添橙 MAD 恩慧 1 号 reduced its shareholding from 1.8738% to 0.6470% by selling 3,000,000 shares between August 22 and August 26, 2025 [1][2] - The total shareholding of the controlling shareholders and their concerted actors decreased from 89,574,283 shares (27.9737%) to 85,646,183 shares (26.7469%) [1][3] - The change in shareholding triggered a notice as it touched the 1% threshold for equity changes [1] Group 2: Shareholder Information - The controlling shareholders include沈振宇,胡德勇, and王翔, who did not change their respective holdings during this period [3] - The shareholding percentages for the individual shareholders remained constant: 沈振宇 at 13.7712%, 胡德勇 at 6.9025%, and 王翔 at 5.4261% [3] - The announcement confirms that the change in control will not significantly impact the company's governance structure or ongoing operations [1]

Core Insights - On August 26, Hengwei Technology executed a block trade of 928,100 shares, with a transaction value of 27.6792 million yuan, accounting for 2.48% of the total trading volume for the day [1] - The average transaction price was 29.82 yuan, representing a discount of 6.57% compared to the market closing price of 31.92 yuan [1] - The highest transaction price recorded was 30.39 yuan, while the lowest was 28.88 yuan [1] Transaction Details - The block trade on August 26 involved multiple transactions at varying prices, with the highest price being 30.39 yuan and the lowest at 28.88 yuan [2] - Specific transactions included: - 814.45 thousand yuan at 30.39 yuan by Huayuan Securities [2] - 547.02 thousand yuan at 30.39 yuan by an institutional client [2] - 505.4 thousand yuan at 28.88 yuan by CITIC Securities [2] - The trading activity involved various brokerage firms, indicating a mix of institutional and retail participation [2]

2024年9月，碧兴物联就相关买卖合同纠纷向上海市闵行区人民法院提起民事诉讼。当月，公司收到恒 为科技退回的5332.5万元订金，并继续向恒为智能和恒为科技主张违约金。 登录新浪财经APP 搜索【信披】查看更多考评等级 碧兴物联（维权）科技（深圳）股份有限公司近日发布关于诉讼进展的公告，披露其与恒为科技（上 海）股份有限公司全资子公司上海恒为智能科技有限公司买卖合同纠纷案的最新动态。 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 2025年6月，公司收到一审判决。上海市闵行区人民法院判定被告上海恒为智能科技有限公司向原告碧 兴物联支付以5332.5万元为基数，按同期全国银行间同业拆借中心公布的一年期贷款市场报价利率 （LPR）计付的资金占用利息 ...

【恒为科技：联合杉数科技、科算云展出AS4500系列国产智能决策计算一体机】智通财经8月22日电， 恒为科技在互动平台表示，在近日举办的2025世界人工智能大会上，恒为科技联合杉数科技、科算云展 出的AS4500系列国产智能决策计算一体机向业界展示了数学求解器在国产算力平台上的最新突破，并 与头部GPU厂商发布的AS6512静音液冷AI一体机、AS9000系列国产TPU正交架构128 AI超节点。 转自：智通财经 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4][6]. Core Insights - The company's revenue for the first half of 2025 was 488 million yuan, a decrease of 23.19% year-on-year, while the net profit attributable to the parent company was 18 million yuan, down 75.16% year-on-year [1]. - The network visualization business saw significant growth, achieving revenue of 262 million yuan, a year-on-year increase of 43.48%, driven by the gradual implementation of projects in the operator market [2]. - The intelligent system platform business faced challenges, with revenue of 226 million yuan, a decline of 49.95% year-on-year, primarily due to a decrease in orders [3]. - The company is focusing on domestic product integration and enhancing its competitive edge in vertical industries, with plans to increase investment in core technology development for domestic chip adaptation and algorithm optimization [3]. Financial Summary - The company forecasts revenues of 1.36 billion yuan, 1.65 billion yuan, and 2.01 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 120 million yuan, 160 million yuan, and 204 million yuan for the same years [4][5]. - The projected P/E ratios for 2025, 2026, and 2027 are 83.98, 63.35, and 49.56 respectively, indicating a positive outlook for the company's visualization business and potential recovery in the intelligent computing sector [4].

Core Insights - Hengwei Technology reported significant declines in both revenue and net profit for the first half of 2025, with revenue at 488.40 million yuan, a year-on-year decrease of 23.19%, and net profit attributable to shareholders at 17.82 million yuan, down 75.16% [2][3] Financial Performance - Total revenue for the first half of 2025 was 488.40 million yuan, compared to 635.89 million yuan in the same period last year, reflecting a decrease of 23.19% [3] - Total profit for the period was 17.06 million yuan, a decline of 77.11% from 74.55 million yuan year-on-year [3] - The net profit attributable to shareholders was 17.82 million yuan, down 75.16% from 71.74 million yuan in the previous year [3] - The net profit after deducting non-recurring gains and losses was 15.07 million yuan, a decrease of 77.99% compared to 68.46 million yuan last year [3] - The net cash flow from operating activities was 72.64 million yuan, a significant improvement from a negative cash flow of 104.35 million yuan in the previous year [3] - As of the end of the reporting period, the net assets attributable to shareholders were 1.37 billion yuan, a slight increase of 0.86% from the previous year [3] Business Segmentation - The network visualization business generated revenue of 262 million yuan, a year-on-year increase of 43.48%, primarily benefiting from the implementation of projects in the operator market [4] - Conversely, the intelligent system platform business saw revenue drop to 226 million yuan, a decline of 49.95%, which was the main factor dragging down overall performance [4] - The decline in the intelligent system platform business was attributed to a reduction in orders for intelligent computing services [4] Subsidiary Performance - Several subsidiaries of Hengwei Technology reported losses, including Shanghai Hengwei Intelligent Technology, Zhejiang Hengwei Electronics, and Shenzhen Haishang Zhiyun Technology, with at least six major subsidiaries showing negative net profits [5] Dividend and R&D - In response to performance pressures, Hengwei Technology announced a semi-annual dividend plan, proposing a payout of 0.05 yuan per 10 shares (tax included) [5] - The company maintained R&D expenditures at 59.45 million yuan, a slight increase of 0.45% year-on-year, and introduced a new utility model patent for "FPGA-based power switch control circuit" [5]

Core Viewpoint - Hengwei Technology (603496) reported a significant decline in both revenue and net profit for the first half of 2025, indicating challenges in its business operations and financial health [1][3]. Financial Performance - Total revenue for the first half of 2025 was 488 million yuan, a decrease of 23.19% compared to 636 million yuan in the same period of 2024 [1]. - Net profit attributable to shareholders was 17.82 million yuan, down 75.16% from 71.74 million yuan in the previous year [1]. - The gross profit margin fell to 29.1%, a decline of 10.61% year-on-year, while the net profit margin dropped to 3.45%, down 69.34% [1]. - The total of selling, administrative, and financial expenses reached 50.76 million yuan, accounting for 10.39% of revenue, an increase of 21.97% year-on-year [1]. Cash Flow and Receivables - The company reported a significant increase in operating cash flow per share to 0.23 yuan, up 169.61% year-on-year, indicating improved cash management despite declining profits [1][5]. - Accounts receivable reached 585 million yuan, representing a 24.14% increase, with accounts receivable to net profit ratio at an alarming 2178.91% [1][8]. Cost Structure - Operating costs decreased by 19.26%, attributed to the decline in revenue [4]. - Financial expenses decreased by 30.29%, primarily due to reduced interest expenses [5]. Business Model and Historical Performance - The company's return on invested capital (ROIC) was reported at 1.54%, indicating weak capital returns, with a historical median ROIC of 13.55% since its listing [6]. - The business model relies heavily on research and marketing efforts, necessitating a deeper analysis of these driving factors [7].

通过天眼查大数据分析，恒为科技(上海)股份有限公司共对外投资了16家企业，参与招投标项目141 次，知识产权方面有商标信息6条，专利信息120条，此外企业还拥有行政许可5个。 金融界消息 截至2025年8月15日收盘，恒为科技（603496）报收于28.78元，上涨0.74%，换手率 5.16%，成交量16.52万手，成交金额4.76亿元。 来源：金融界 恒为科技最新一期业绩显示，截至2025中报，公司营业总收入4.88亿元、同比减少23.19%，归属净利润 1781.56万元，同比减少75.16%，扣非净利润1506.83万元，同比减少77.99%，流动比率2.420、速动比率 1.737、资产负债率30.18%。 天眼查商业履历信息显示，恒为科技(上海)股份有限公司，成立于2003年，位于上海市，是一家以从事 计算机、通信和其他电子设备制造业为主的企业。企业注册资本32020.9243万人民币，实缴资本 32020.9243万人民币。公司法定代表人为沈振宇。 资金流向方面，今日主力资金净流出2715.02万元，占比成交额5.71%。其中，超大单净流出347.01万 元、占成交额0.73%，大单净流出236 ...

Meeting Overview - The fourth session of the Supervisory Board of Hengwei Technology (Shanghai) Co., Ltd. was held on August 14, 2025, with all three supervisors present, complying with legal and regulatory requirements [1] Half-Year Report Approval - The Supervisory Board approved the 2025 Half-Year Report, confirming that its preparation and review processes adhered to relevant laws and regulations, and the report accurately reflects the company's operational and financial status [2][3] Profit Distribution Plan - The Supervisory Board approved the profit distribution plan for the first half of 2025, stating that it aligns with legal requirements and considers internal and external factors, company performance, future development plans, and shareholder expectations [2][3] Asset Impairment Provision - The Supervisory Board approved the proposal for asset impairment provisions, affirming that it complies with accounting standards and accurately reflects the company's asset status [3] Cancellation of Supervisory Board - The Supervisory Board agreed to cancel its own establishment, transferring its powers to the Audit Committee of the Board of Directors, which is expected to enhance corporate governance and operational standards [4]