Core Viewpoint - The semi-annual report of AIA Precision Industrial Conveying Systems (Shanghai) Co., Ltd. indicates significant growth in revenue and net profit for the reporting period compared to the previous year, reflecting a strong operational performance and financial recovery [1]. Financial Performance - The company's operating income for the reporting period reached approximately 9.16 billion yuan, representing a year-on-year increase of 174.57% [1]. - The net profit attributable to shareholders was approximately 8.70 billion yuan, showing a substantial increase of 243.41% compared to the same period last year [1]. - The total assets of the company at the end of the reporting period were approximately 754.51 million yuan, which is an increase of 48.48% from the previous year [1]. - The total profit for the period was approximately 9.33 billion yuan, reflecting a year-on-year increase of 238.79% [1]. Shareholder Information - The major shareholders include Tu Mulian and Cai Ruimei, who collectively hold a significant portion of the company's shares, indicating a concentrated ownership structure [2]. - The top ten shareholders include both domestic and foreign individuals and entities, with the largest shareholder holding 33.75% of the shares [2]. - The company has a total of 9,158 shareholders as of the reporting period [1].

[Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including company names, regulatory bodies, related parties, and core products [Definitions of Common Terms](index=4&type=section&id=%E5%B8%B8%E7%94%A8%E8%AF%8D%E8%AF%AD%E9%87%8A%E4%B9%89) This chapter defines common terms used in the report, including company names, regulatory bodies, related parties, and core products - Defined common terms such as the Company, CSRC, SSE, and related party companies like AiAi Precision and Jucheng Consulting[12](index=12&type=chunk) - Detailed professional terms for core products and materials such as "skeleton material", "light conveyor belt", "environmentally friendly material", "eco-friendly precision belt", and "general light belt"[12](index=12&type=chunk)[13](index=13&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company's basic information, contact details, and a summary of key financial data and indicators for the reporting period [Company Information](index=5&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) Introduces the company's basic registration information, including its Chinese name, abbreviation, foreign name, and legal representative - The company's full name is AiAi Precision Industrial Conveyor Systems (Shanghai) Co., Ltd., abbreviated as AiAi Precision, with Tu Guosheng as the legal representative[14](index=14&type=chunk) [Contact Person and Information](index=5&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) Provides contact details for the company's Board Secretary, including name, address, phone, fax, and email - The Board Secretary is Su Yangzhong, with the contact address at No 580 Xiangyin Road, Yangpu District, Shanghai, and phone number 021-65305237[15](index=15&type=chunk) [Brief Introduction to Changes in Basic Information](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5%E5%8F%98%E6%9B%B4%E7%AE%80%E4%BB%8B) Briefly describes changes in the company's basic information, such as registered address, office address, website, and email - The company's registered address is Room A240, Building 7, No 700 Wanrong Road, Jing'an District, Shanghai, and its office address is No 580 Xiangyin Road, Yangpu District, Shanghai[16](index=16&type=chunk) [Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=5&type=section&id=%E5%9B%9B%E3%80%81%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) Discloses the company's designated information disclosure newspaper, website address, and report storage location - The company's designated information disclosure newspaper is Securities Times, and the website for semi-annual reports is http://www.sse.com.cn/[17](index=17&type=chunk) [Brief Introduction to Company Stock](index=5&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E7%AE%80%E5%86%B5) Introduces the company's stock type, listing exchange, stock abbreviation, and code - The company's A-shares are listed on the Shanghai Stock Exchange, with stock abbreviation **\*ST AiAi** and stock code **603580**[18](index=18&type=chunk) [Company's Key Accounting Data and Financial Indicators](index=5&type=section&id=%E4%B8%83%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Summarizes key accounting data and financial indicators for the current and prior periods, showing significant growth in revenue and profit, but a decrease in operating cash flow Key Accounting Data (Jan-Jun 2025 vs Jan-Jun 2024) | Major Accounting Data | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | Period-on-Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 102,124,390.18 | 86,900,541.06 | 17.52 | | Total Profit | 9,329,410.52 | 2,753,762.86 | 238.79 | | Net Profit Attributable to Shareholders of Listed Company | 9,164,989.78 | 3,337,962.87 | 174.57 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Gains and Losses | 8,698,189.54 | 2,532,917.87 | 243.41 | | Net Cash Flow from Operating Activities | 4,458,318.06 | 11,893,053.07 | -62.51 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 416,843,352.26 | 419,723,129.40 | -0.69 | | Total Assets (Period-end) | 754,511,623.11 | 508,148,789.98 | 48.48 | Key Financial Indicators (Jan-Jun 2025 vs Jan-Jun 2024) | Major Financial Indicators | Current Period (Jan-Jun) | Prior Period | Period-on-Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.0701 | 0.0255 | 174.90 | | Diluted Earnings Per Share (RMB/share) | 0.0701 | 0.0255 | 174.90 | | Basic Earnings Per Share Excluding Non-recurring Gains and Losses (RMB/share) | 0.0666 | 0.0194 | 243.30 | | Weighted Average Return on Net Assets (%) | 2.16 | 0.76 | 1.40 | | Weighted Average Return on Net Assets Excluding Non-recurring Gains and Losses (%) | 2.05 | 0.58 | 1.47 | [Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=%E4%B9%9D%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Lists specific non-recurring gains and losses for the period, totaling **RMB 466,800.24**, and clarifies the classification of certain recurring government subsidies Non-recurring Gains and Losses Items and Amounts (Jan-Jun 2025) | Non-recurring Gains and Losses Item | Amount (RMB) | | :--- | :--- | | Disposal gains and losses of non-current assets | -98,030.82 | | Government grants included in current profit or loss (excluding those closely related to the company's normal business operations, in line with national policies, and continuously enjoyed according to certain standards) | 670,639.31 | | Other non-operating income and expenses | -25,116.38 | | Less: Income tax impact | 80,695.95 | | Minority interest impact (after tax) | -4.08 | | **Total** | **466,800.24** | - Amortization of deferred income, handling fee refunds for withholding taxes, and VAT additional deductions are recognized as recurring gains and losses due to compliance with national policies and continuous occurrence, involving amounts of **RMB 154,423.85**, **RMB 18,812.79**, and **RMB 223,607.09** respectively[23](index=23&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides a detailed discussion and analysis of the company's industry, main business operations, core competencies, and key financial performance during the reporting period [Explanation of the Company's Industry and Main Business Operations during the Reporting Period](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) Details the company's industry, main business operations (light conveyor belts, precision metal structural parts & electronic components), market positioning, and the impact of the Taizhou Zhongshixin acquisition - The company operates in the rubber and plastic products industry (C29), specifically the conveyor belt industry, primarily engaged in the R&D, production, and sales of light conveyor belts[28](index=28&type=chunk) - The global light conveyor belt market is concentrated in Europe, North America, and Asia, with major manufacturers including Ammega, Habasit, and Forbo-Siegling, holding approximately **30% market share**; domestic leading enterprises, represented by Yongli Co., Ltd. and the Company, offer products with high cost-performance advantages[26](index=26&type=chunk)[27](index=27&type=chunk) - During the reporting period, the company acquired Taizhou Zhongshixin Electronics Co., Ltd. (holding **50.2008% equity**), adding precision metal structural parts and electronic components business, primarily providing R&D and manufacturing services for precision metal structural parts for consumer electronics and other terminal products, with main products being stamped parts and fasteners[29](index=29&type=chunk) - Taizhou Zhongshixin's controlled subsidiary, Jiangsu Quanzhishun Electronic Technology Co., Ltd., primarily engages in electronic component manufacturing, focusing on communication, automotive metal parts, and consumer electronics sectors, offering one-stop services including stamping, electroplating, injection molding, and design[29](index=29&type=chunk)[30](index=30&type=chunk) [Discussion and Analysis of Operations](index=8&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) Discusses the sales and production models for light conveyor belts and the product/market positioning of precision metal structural parts and electronic components - The light conveyor belt business adopts a sales model combining direct sales and intermediaries, with domestic sales primarily direct and overseas sales primarily through intermediaries, to expand market share and reduce service costs[31](index=31&type=chunk)[33](index=33&type=chunk) - The precision metal structural parts and electronic components business primarily provides R&D and manufacturing services for precision metal structural parts required by "Apple supply chain" customers such as Lens Technology, AAC Technologies, and Everwin Precision for consumer electronics and other terminal products[34](index=34&type=chunk) - Jiangsu Quanzhishun Electronic Technology Co., Ltd. enhances Taizhou Zhongshixin's service capabilities in the smartphone and automotive industry chains through one-stop services including stamping, electroplating, injection molding, and design[34](index=34&type=chunk) [Analysis of Core Competencies during the Reporting Period](index=9&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) Analyzes the company's core competencies in R&D, integrated supply chains, experienced management, and continuous quality improvement across its two main business segments - The light conveyor belt business possesses strong R&D capabilities, mastering core technologies and processes, capable of providing comprehensive products and services, and actively expanding into new application areas (e.g., automotive, solar energy)[36](index=36&type=chunk) - The light conveyor belt business focuses on integrating internal business chains (R&D, production, sales synergy) and external industry chains (TPU modification, expansion to felt, synchronous toothed belts, etc.) to enhance product quality and control costs[36](index=36&type=chunk)[37](index=37&type=chunk) - The light conveyor belt business has a stable and experienced management team with years of industry experience, capable of promptly grasping market dynamics and introducing new products[37](index=37&type=chunk) - The precision metal structural parts and electronic components business also possesses strong R&D capabilities, holding multiple independent intellectual property rights and patented technologies, and focuses on industry innovation to meet differentiated customer needs[39](index=39&type=chunk) - The precision metal structural parts and electronic components business management team is experienced and familiar with the stamping, fastening, and electroplating industries, and emphasizes continuous product quality improvement, certified by ISO9001, ISO14001, IATF16949, and other quality management systems[39](index=39&type=chunk) [Key Operating Performance during the Reporting Period](index=10&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) Analyzes changes in key financial statement items, including revenue, profit, cash flow, and asset-liability structure, primarily due to the Taizhou Zhongshixin acquisition Financial Statement Item Variation Analysis (Jan-Jun 2025 vs Jan-Jun 2024) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 102,124,390.18 | 86,900,541.06 | 17.52 | Light conveyor belt business increased by approximately RMB 6 million, precision metal structural parts and electronic components business (consolidated) by approximately RMB 9 million | | Total Profit | 9,329,410.52 | 2,753,762.86 | 238.79 | Operating revenue growth, financial expenses shifted from exchange losses to exchange gains | | Net Profit Attributable to Shareholders of Listed Company | 9,164,989.78 | 3,337,962.87 | 174.57 | Same as above | | Net Cash Flow from Operating Activities | 4,458,318.06 | 11,893,053.07 | -62.51 | Cash received from sales of goods and provision of services was less than the prior period | | Net Cash Flow from Investing Activities | -45,504,282.92 | -10,253,072.25 | Not Applicable | Acquisition of Taizhou Zhongshixin led to increased cash outflow | | Net Cash Flow from Financing Activities | 48,975,211.51 | -2,386,076.57 | Not Applicable | Cash inflow from bank borrowings was more than the prior period | Asset and Liability Status Changes (June 30, 2025 vs December 31, 2024) | Item | Current Period Amount (RMB) | Prior Year-end Amount (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable | 103,762,271.21 | 46,145,694.11 | 124.86 | Due to consolidation of Taizhou Zhongshixin | | Prepayments | 4,982,388.83 | 1,299,510.05 | 283.41 | Due to consolidation of Taizhou Zhongshixin | | Other Receivables | 5,476,027.54 | 2,973,818.72 | 84.14 | Due to consolidation of Taizhou Zhongshixin | | Construction in Progress | 22,389,202.04 | 14,557,931.11 | 53.79 | Increase in "equipment under installation and minor projects" balance | | Right-of-use Assets | 16,654,580.68 | 7,201,507.86 | 131.27 | Due to consolidation of Taizhou Zhongshixin | | Short-term Borrowings | 109,095,482.68 | 17,041,120.00 | 540.19 | Increase in bank borrowings | | Accounts Payable | 64,448,607.67 | 32,003,502.03 | 101.38 | Due to consolidation of Taizhou Zhongshixin | | Other Payables | 33,318,422.40 | 1,048,607.13 | 3,077.40 | Increase in equity transfer payables and dividends payable | - As of the end of the reporting period, overseas assets amounted to **RMB 96.08 million**, accounting for **12.73%** of total assets[47](index=47&type=chunk) [Analysis of Major Holding and Participating Companies](index=12&type=section&id=%E5%85%AD%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Lists major subsidiaries and their financial data, highlighting the impact of consolidating Taizhou Zhongshixin Electronics Co., Ltd Major Subsidiary Financial Data (Unit: RMB million) | Company Name | Company Type | Main Business | Registered Capital (RMB) | Total Assets (RMB million) | Net Assets (RMB million) | Operating Revenue (RMB million) | Operating Profit (RMB million) | Net Profit (RMB million) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Suzhou Ino | Subsidiary | Production, sales of industrial belts | 107.25752401 | 183.75 | 164.25 | 30.61 | 2.46 | 2.42 | | Shanghai Ino | Subsidiary | Sales of industrial belts | 4.489259 | 84.52 | 12.25 | 33.11 | 6.83 | 5.13 | | Xi'an AiAi | Subsidiary | Production, sales of industrial belts | 50.00 | 104.87 | 36.63 | 6.16 | -2.10 | -1.62 | | Anhui AiAi | Subsidiary | Production, sales of industrial belts | 105.22831755 | 119.95 | 85.57 | 9.55 | -3.09 | -2.28 | | Hong Kong Ino | Subsidiary | Investment | USD 1 | 113.97 | -3.26 | 30.14 | 2.72 | 2.28 | | Taizhou Zhongshixin | Subsidiary | Production, sales of precision metal structural parts and electronic components | 24.90 | 186.53 | 91.51 | 8.85 | -0.72 | -0.81 | - During the reporting period, the company acquired Taizhou Zhongshixin Electronics Co., Ltd., consolidating it from June 2025, which impacted overall production, operations, and performance[50](index=50&type=chunk) [Other Disclosure Matters](index=13&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) Discloses eight potential risks, including control, market competition, technology leakage, exchange rate, tax, raw material, funding, and human resource risks - **Control Risk**: Actual controllers Tu Mulin and Cai Ruimei jointly hold **66.94%** of shares, potentially controlling the company's production, operations, and major decisions through voting rights[50](index=50&type=chunk) - **Market Competition Risk**: The domestic conveyor belt market is highly competitive, and the company still lags behind international renowned manufacturers in brand, technology, and scale, facing intensified competition risk[50](index=50&type=chunk) - **Technology Leakage Risk**: The quality of light conveyor belt products relies on material modification formulas and process design, posing risks of core technical personnel loss or key technology leakage[51](index=51&type=chunk) - **Exchange Rate Risk**: Overseas sales revenue accounts for over **50%**, and fluctuations in RMB against major international currencies may affect the company's pricing and profitability[51](index=51&type=chunk) - **Tax Incentive Change Risk**: Changes in export tax rebate policies or the inability to renew high-tech enterprise qualifications may lead to a decline in profitability[51](index=51&type=chunk)[52](index=52&type=chunk) - **Major Raw Material Fluctuation Risk**: Costs of major raw materials like TPU and PVC account for over **60%** of operating costs, and price fluctuations may impact the company's performance[52](index=52&type=chunk) - **Funding Risk**: A buyer's market leads to an increase in credit sales, resulting in higher capital tie-ups and financial costs[52](index=52&type=chunk) - **Human Resource Risk**: Company expansion increases demand for high-quality R&D, technology industrialization, and market support human resources[53](index=53&type=chunk) [Corporate Governance, Environment and Society](index=15&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section covers changes in the company's directors and senior management, as well as its profit distribution plan for the reporting period [Changes in Company Directors and Senior Management](index=15&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) No changes occurred in the company's directors or senior management during the reporting period - No changes in the company's directors or senior management during the reporting period[56](index=56&type=chunk) [Profit Distribution or Capital Reserve Conversion Plan](index=15&type=section&id=%E4%BA%8C%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company will not undertake profit distribution or capital reserve conversion for the semi-annual period - The company's proposed profit distribution or capital reserve conversion plan for the semi-annual period is "none", meaning no distribution or conversion[6](index=6&type=chunk) [Significant Matters](index=16&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section addresses the fulfillment of commitments, non-operating fund occupation by related parties, illegal guarantees, audit status, major litigation, integrity, and significant related party transactions [Fulfillment of Commitments](index=16&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) No commitment matters requiring disclosure from the company's actual controllers, shareholders, or related parties during the reporting period - No commitment matters requiring disclosure from the company's actual controllers, shareholders, related parties, acquirers, or the company during the reporting period[59](index=59&type=chunk) [Non-operating Fund Occupation by Controlling Shareholder and Other Related Parties during the Reporting Period](index=16&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) No non-operating fund occupation by controlling shareholders or other related parties during the reporting period - No non-operating fund occupation by controlling shareholders or other related parties during the reporting period[7](index=7&type=chunk) [Illegal Guarantees](index=16&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) No instances of providing external guarantees in violation of prescribed decision-making procedures during the reporting period - No instances of providing external guarantees in violation of prescribed decision-making procedures during the reporting period[8](index=8&type=chunk) [Semi-Annual Report Audit Status](index=16&type=section&id=%E5%9B%9B%E3%80%81%E5%8D%8A%E5%B9%B4%E6%8A%A5%E5%AE%A1%E8%AE%A1%E6%83%85%E5%86%B5) This semi-annual report is unaudited - This semi-annual report is unaudited[5](index=5&type=chunk) [Major Litigation and Arbitration Matters](index=16&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) No major litigation or arbitration matters for the company during the reporting period - No major litigation or arbitration matters for the company during the reporting period[59](index=59&type=chunk) [Explanation of the Integrity Status of the Company, its Controlling Shareholder, and Actual Controllers during the Reporting Period](index=16&type=section&id=%E4%B9%9D%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) The company, its controlling shareholder, and actual controllers maintained good integrity during the reporting period, with no records of dishonesty - During the reporting period, the company, its controlling shareholder, and actual controllers strictly complied with all laws and regulations, maintained good integrity, and had no records of dishonesty[59](index=59&type=chunk) [Significant Related Party Transactions](index=16&type=section&id=%E5%8D%81%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) Details significant related party transactions, including purchases, sales, leases, and fund transfers, along with outstanding balances at period-end - Related party transactions related to daily operations occurred during the reporting period, detailed in Section VIII "Financial Report", XIV "Related Parties and Related Party Transactions"[60](index=60&type=chunk) - Related party creditor-debtor relationships occurred during the reporting period, detailed in Section VIII "Financial Report", XIV "Related Parties and Related Party Transactions"[63](index=63&type=chunk) [Share Changes and Shareholder Information](index=18&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital and provides an overview of its shareholder structure, including major shareholders and actual controllers [Share Capital Changes](index=18&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) No changes occurred in the company's total share capital or share structure during the reporting period - No changes occurred in the company's total share capital or share structure during the reporting period[66](index=66&type=chunk) [Shareholder Information](index=18&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) Details the company's shareholder structure, including the total number of common shareholders and the shareholdings of the top ten, with actual controllers holding **66.94%** Total Number of Common Shareholders as of the End of the Reporting Period | Indicator | Number (Households) | | :--- | :--- | | Total Number of Common Shareholders | 9,158 | Shareholding of Top Ten Shareholders (as of the End of the Reporting Period) | Shareholder Name | Shares Held at Period-end | Percentage (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Tu Mulin | 44,100,000 | 33.75 | Overseas Natural Person | | Cai Ruimei | 43,365,000 | 33.19 | Overseas Natural Person | | Xiamen Huarui Investment Management Co., Ltd. | 1,964,400 | 1.50 | Domestic Non-State-Owned Legal Person | | Xie Zhengli | 599,800 | 0.46 | Domestic Natural Person | | Tu Guosheng | 576,000 | 0.44 | Overseas Natural Person | | Qin Jie | 521,300 | 0.40 | Domestic Natural Person | | Jin Ye | 505,100 | 0.39 | Domestic Natural Person | | UBS AG | 455,045 | 0.35 | Overseas Legal Person | | BARCLAYS BANK PLC | 450,054 | 0.34 | Overseas Legal Person | | Hu Xuemin | 422,400 | 0.32 | Domestic Natural Person | - The company's controlling shareholders and actual controllers are Tu Mulin and Cai Ruimei, who are acting in concert with Tu Guosheng[69](index=69&type=chunk) [Bond-Related Information](index=21&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms the absence of company bonds, enterprise bonds, non-financial enterprise debt financing instruments, and convertible corporate bonds during the reporting period [Company Bonds (including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=21&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%EF%BC%88%E5%90%AB%E4%BC%81%E4%B8%9A%E5%80%BA%E5%88%B8%EF%BC%89%E5%92%8C%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E4%B8%9A%E5%80%BA%E5%8A%A1%E8%9E%8D%E8%B5%84%E5%B7%A5%E5%85%B7) The company had no company bonds or non-financial enterprise debt financing instruments during the reporting period - The company had no company bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during the reporting period[73](index=73&type=chunk) [Convertible Corporate Bonds](index=21&type=section&id=%E4%BA%8C%E3%80%81%E5%8F%AF%E8%BD%AC%E6%8D%A2%E5%85%AC%E5%8F%B8%E5%80%BA%E6%83%85%E5%86%B5) The company had no convertible corporate bonds during the reporting period - The company had no convertible corporate bonds during the reporting period[73](index=73&type=chunk) [Financial Report](index=22&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, along with detailed notes on accounting policies, taxes, and specific financial items [Audit Report](index=22&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This semi-annual report is unaudited - This semi-annual report is unaudited[5](index=5&type=chunk) [Financial Statements](index=22&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) Presents the company's consolidated and parent company financial statements for the first half of 2025, reflecting financial position and operating results Consolidated Balance Sheet Summary (as of June 30, 2025) | Item | June 30, 2025 (RMB) | December 31, 2024 (RMB) | | :--- | :--- | :--- | | Total Assets | 754,511,623.11 | 508,148,789.98 | | Total Liabilities | 269,152,937.74 | 73,124,512.85 | | Total Owners' Equity | 485,358,685.37 | 435,024,277.13 | Consolidated Income Statement Summary (Jan-Jun 2025) | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 102,124,390.18 | 86,900,541.06 | | Total Operating Costs | 92,347,589.29 | 85,968,463.85 | | Total Profit | 9,329,410.52 | 2,753,762.86 | | Net Profit | 7,971,242.33 | 2,437,557.85 | | Net Profit Attributable to Parent Company Shareholders | 9,164,989.78 | 3,337,962.87 | Consolidated Cash Flow Statement Summary (Jan-Jun 2025) | Item | H1 2025 (RMB) | H1 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 4,458,318.06 | 11,893,053.07 | | Net Cash Flow from Investing Activities | -45,504,282.92 | -10,253,072.25 | | Net Cash Flow from Financing Activities | 48,975,211.51 | -2,386,076.57 | | Net Increase in Cash and Cash Equivalents | 9,133,801.26 | -485,583.34 | [Company Basic Information](index=40&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Introduces the company's history, capital, legal representative, registration, actual controllers, and current business scope - The company, formerly AiAi Industrial Belt (Shanghai) Co., Ltd., was first listed on May 15, 2017[105](index=105&type=chunk) - As of June 30, 2025, the company's total share capital and registered capital were both **RMB 130,673,200.00**[106](index=106&type=chunk) - The company's actual controllers are Taiwanese natural persons Tu Mulin and Cai Ruimei[106](index=106&type=chunk) - The company's main business activities include the R&D, production, and sales of light conveyor belts and precision metal structural parts & electronic components[106](index=106&type=chunk) [Basis of Financial Statement Preparation](index=40&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) States that the financial statements are prepared on a going concern basis, adhering to enterprise accounting standards and CSRC regulations - The company's financial statements are prepared on a going concern basis, with recognition and measurement performed in accordance with enterprise accounting standards, their application guidelines, and interpretations[107](index=107&type=chunk) - The company assessed its going concern ability for 12 months from the end of the reporting period and found no matters affecting its ability to continue as a going concern[108](index=108&type=chunk) [Significant Accounting Policies and Accounting Estimates](index=40&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) Discloses specific accounting policies and estimates for key areas like business combinations, financial instruments, inventories, and revenue recognition, providing context for financial statements - Detailed accounting treatment methods for business combinations under common control and non-common control, including measurement of assets and liabilities, and recognition of goodwill[115](index=115&type=chunk)[116](index=116&type=chunk) - Classification and measurement of financial instruments are based on the business model for managing financial assets and contractual cash flow characteristics, categorized as financial assets measured at amortized cost, fair value through profit or loss, or fair value through other comprehensive income[135](index=135&type=chunk)[136](index=136&type=chunk)[137](index=137&type=chunk) - Inventories are valued using the moving weighted average method upon issuance and measured at the lower of cost or net realizable value, with provision for inventory impairment[160](index=160&type=chunk)[161](index=161&type=chunk) - Long-term equity investments in subsidiaries are accounted for using the cost method, while investments in associates and joint ventures are accounted for using the equity method[172](index=172&type=chunk) - Fixed assets are depreciated using the straight-line method, with depreciation periods of **20-25 years** for buildings and **5-10 years** for machinery and equipment[179](index=179&type=chunk) - Revenue is recognized when the customer obtains control of the related goods, with domestic sales recognized upon customer receipt and overseas sales upon delivery to the carrier and completion of customs declaration[201](index=201&type=chunk)[204](index=204&type=chunk) - Government grants are classified as asset-related or income-related, recognized as deferred income or directly into profit or loss, respectively[207](index=207&type=chunk)[208](index=208&type=chunk) - Deferred income tax assets and liabilities are recognized and measured based on temporary differences between the carrying amounts of assets and liabilities and their tax bases[209](index=209&type=chunk)[210](index=210&type=chunk) - As a lessee, simplified treatment is applied to short-term leases and leases of low-value assets; other leases recognize right-of-use assets and lease liabilities[215](index=215&type=chunk)[216](index=216&type=chunk)[217](index=217&type=chunk) [Taxes](index=69&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) Details the company's main tax categories and rates, including VAT and corporate income tax, noting the **15%** preferential rate for high-tech enterprises Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Sales of goods, taxable sales services income, intangible assets or real estate | 23%, 19%, 13% | | Urban Maintenance and Construction Tax | Amount of turnover tax payable | 7%, 5% | | Education Surcharge | Amount of turnover tax payable | 3% | | Local Education Surcharge | Amount of turnover tax payable | 2% | - The company's headquarters and Suzhou Ino Industrial Belt Co., Ltd. are recognized as high-tech enterprises, and for the first half of 2025, corporate income tax is calculated at a rate of **15.00%**[229](index=229&type=chunk) [Notes to Consolidated Financial Statement Items](index=70&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) Provides detailed notes and analysis for various assets, liabilities, owners' equity, income, costs, and expenses in the consolidated financial statements, including period-end balances, beginning-of-period balances, current period changes, and reasons for changes, with particular emphasis on the impact of the acquisition of Taizhou Zhongshixin Electronics Co., Ltd - Cash and cash equivalents at period-end amounted to **RMB 48,939,173.88**, of which **RMB 7,949,885.81** was deposited overseas[231](index=231&type=chunk) - Accounts receivable at period-end had a carrying value of **RMB 103,762,271.21**, a significant increase from the beginning of the period, primarily due to the consolidation of Taizhou Zhongshixin[243](index=243&type=chunk) - Inventories at period-end had a carrying value of **RMB 131,554,403.02**, an increase from the beginning of the period, primarily due to the consolidation of Taizhou Zhongshixin[269](index=269&type=chunk) - Short-term borrowings at period-end amounted to **RMB 109,095,482.68**, a substantial increase from the beginning of the period, primarily due to increased bank borrowings[307](index=307&type=chunk) - Other payables at period-end amounted to **RMB 33,318,422.40**, a substantial increase from the beginning of the period, primarily due to increased payables for equity transfer and dividends[320](index=320&type=chunk) - Operating revenue for the current period was **RMB 102,124,390.18**, with light conveyor belt business revenue of **RMB 92,517,028.33** and precision metal structural parts & electronic components business revenue of **RMB 8,655,901.97**[341](index=341&type=chunk) - Financial expenses for the current period were **RMB -5,034,831.71**, primarily due to exchange gains replacing losses from the previous period[344](index=344&type=chunk) - Net cash flow from investing activities was **RMB -45,504,282.92**, primarily due to increased cash outflow from investing activities in the current period for the acquisition of Taizhou Zhongshixin[360](index=360&type=chunk) [R&D Expenses](index=110&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) Lists the composition of the company's R&D expenses by nature of cost for the reporting period, with a total R&D expenditure of **RMB 4,354,625.13**, all expensed R&D Expenses by Nature of Cost (Jan-Jun 2025) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Material Consumption | 1,433,713.22 | 1,046,925.97 | | Personnel Costs | 1,462,392.49 | 1,819,859.83 | | Fixed Asset Depreciation | 1,162,253.90 | 1,691,119.65 | | Fuel and Power | 144,862.68 | 163,741.36 | | Other | 151,402.84 | 114,938.21 | | **Total** | **4,354,625.13** | **4,836,585.02** | - All R&D expenses for the current period were expensed, with no capitalized R&D expenses[373](index=373&type=chunk) [Changes in Consolidation Scope](index=111&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) Details the acquisition of **50.2008%** equity in Taizhou Zhongshixin Electronics Co., Ltd., its consolidation from May 31, 2025, and the resulting **RMB 87.089 million** goodwill - Acquired **50.2008%** equity of Taizhou Zhongshixin Electronics Co., Ltd. through a non-common control business combination in the current period, with the acquisition date being May 31, 2025[375](index=375&type=chunk) Taizhou Zhongshixin Electronics Co., Ltd. Consolidation Cost and Goodwill | Item | Amount (RMB million) | | :--- | :--- | | Consolidation Cost (Cash) | 125.00 | | Less: Fair Value Share of Identifiable Net Assets Acquired | 37.911 | | **Goodwill** | **87.089** | - From the acquisition date to the end of the period (June 30, 2025), Taizhou Zhongshixin generated revenue of **RMB 8.8453 million**, net profit of **RMB -0.8106 million**, and cash flow of **RMB -2.7672 million**[375](index=375&type=chunk) [Interests in Other Entities](index=113&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) Details the company's enterprise group structure, including domestic and overseas subsidiaries, their business nature, and acquisition methods - The company owns multiple domestic and overseas subsidiaries, including Suzhou Ino, Shanghai Ino, Bode Belting GmbH, Hong Kong Ino, ARCK Beteiligungen GmbH, INO Prozesstechnik GmbH, INO USA INC, INO POLSKA SP Z O O, Suzhou Bode, Xi'an AiAi, Anhui AiAi, Taizhou Zhongshixin Electronics Co., Ltd., and Jiangsu Quanzhishun Electronic Technology Co., Ltd[379](index=379&type=chunk)[380](index=380&type=chunk) - Taizhou Zhongshixin Electronics Co., Ltd. was included in the consolidation scope through acquisition, with a shareholding of **50.2008%**; its subsidiary, Jiangsu Quanzhishun Electronic Technology Co., Ltd., is indirectly held at **51.00%**[380](index=380&type=chunk) [Government Grants](index=115&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) Discloses government grant-related liabilities and total grants recognized in profit or loss for the period, with deferred income of **RMB 3,533,338.57** and total grants of **RMB 825,063.16** Government Grant Liability Items (as of June 30, 2025) | Financial Statement Item | Beginning Balance (RMB) | New Grants in Current Period (RMB) | Amount Included in Non-operating Income in Current Period (RMB) | Amount Transferred to Other Income in Current Period (RMB) | Ending Balance (RMB) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 3,687,762.42 | 0.00 | 0.00 | 154,423.85 | 3,533,338.57 | Asset-related | Government Grants Recognized in Profit or Loss (Jan-Jun 2025) | Type | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Asset-related | 154,423.85 | 154,423.85 | | Income-related | 670,639.31 | 1,060,040.00 | | **Total** | **825,063.16** | **1,214,463.85** | [Risks Related to Financial Instruments](index=116&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) Explains the company's credit, liquidity, and market risks (foreign exchange, interest rate) and the strategies employed for their management - **Credit risk** primarily arises from cash and cash equivalents, notes receivable, accounts receivable, accounts receivable financing, other receivables, etc; the company manages this risk by assessing customer creditworthiness and regularly monitoring credit records[386](index=386&type=chunk) - As of June 30, 2025, accounts receivable from the top five customers accounted for **36.50%** of the total, and other receivables from the top five companies accounted for **68.74%** of the total[389](index=389&type=chunk) - **Liquidity risk** is managed by regularly monitoring short-term and long-term liquidity needs, ensuring sufficient cash reserves and readily marketable securities[390](index=390&type=chunk) - **Foreign exchange risk** primarily stems from foreign currency-denominated assets and liabilities of overseas operating entities in Euro, USD, and Zloty; if the RMB appreciates or depreciates by **10%** against major foreign currencies, the annual net profit would increase or decrease by **RMB 1.637 million**[391](index=391&type=chunk)[392](index=392&type=chunk) - **Interest rate risk** primarily arises from bank borrowings; the company's headquarters finance department continuously monitors interest rate levels and makes timely adjustments based on market conditions[392](index=392&type=chunk)[393](index=393&type=chunk) [Disclosure of Fair Value](index=119&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) Discloses the fair value of the company's assets and liabilities measured at fair value at the end of the reporting period, primarily including accounts receivable financing and other non-current financial assets, and explains their valuation techniques Fair Value of Assets and Liabilities Measured at Fair Value at Period-End (as of June 30, 2025) | Item | Level 3 Fair Value Measurement (RMB) | Total (RMB) | | :--- | :--- | :--- | | Accounts Receivable Financing | 2,153,141.48 | 2,153,141.48 | | Other Non-current Financial Assets | 34,327,768.98 | 34,327,768.98 | | **Total Assets Measured at Fair Value on a Recurring Basis** | **36,480,910.46** | **36,480,910.46** | - Accounts receivable financing (bank acceptance bills) are valued at their face amount as fair value; valuation techniques for other non-current financial assets are not detailed[397](index=397&type=chunk) - Financial assets and liabilities not measured at fair value primarily include cash and cash equivalents, notes receivable, accounts receivable, other receivables, accounts payable, other payables, and short-term borrowings[399](index=399&type=chunk) [Related Parties and Related Party Transactions](index=120&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) Details the company's related parties and significant related party transactions, including purchases, sales, leases, and fund transfers, along with outstanding balances at period-end - The company's ultimate controlling parties are Tu Mulin, Cai Ruimei, and 4 parties acting in concert, with a combined shareholding of **67.79%**[401](index=401&type=chunk) - During the reporting period, the company engaged in related party transactions for purchases and sales of goods with Jinfengfu (Chuzhou) Technology Co., Ltd., Chuzhou Hechuan Logistics Machinery Co., Ltd., Xi'an Degao Printing and Dyeing Automation Engineering Co., Ltd., and its subsidiaries[403](index=403&type=chunk) - The company, as lessor, leased buildings to Xi'an Degao Printing and Dyeing Automation Engineering Co., Ltd., recognizing lease income of **RMB 762,044.04** in the current period[404](index=404&type=chunk) - The company, as lessee, leased buildings from ANKE Gewerbeimmobilien GmbH & Co KG, paying **RMB 250,784.34** in rent in the current period[407](index=407&type=chunk) - Controlling shareholder Cai Ruimei provided loans to subsidiaries; as of June 30, 2025, loan balances were **EUR 1.53 million** (Ino Industrial Belt Co., Ltd.) and **EUR 0.2944 million** (ARCK Beteiligungen GmbH)[409](index=409&type=chunk)[411](index=411&type=chunk) - As of period-end, accounts receivable from Xi'an Degao Printing and Dyeing Automation Engineering Co., Ltd. amounted to **RMB 2,665,089.34**; other receivables from Tu Xiaozhu amounted to **RMB 420,120.00**[414](index=414&type=chunk) - As of period-end, short-term borrowings payable to Cai Ruimei amounted to **RMB 13,443,840.00**, and long-term borrowings amounted to **RMB 2,436,696.00**[417](index=417&type=chunk) [Notes to Parent Company Financial Statement Major Items](index=126&type=section&id=%E5%8D%81%E4%B9%9D%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E4%B8%BB%E8%A6%81%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) Provides detailed notes for key parent company financial statement items, including accounts receivable, other receivables, and long-term equity investments, with aging analysis and bad debt provisions [Disclosure of Parent Company Accounts Receivable by Aging](index=126&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%BA%94%E6%94%B6%E8%B4%A6%E6%AC%BE%E6%8C%89%E8%B4%A6%E9%BE%84%E6%8A%AB%E9%9C%B2) Details the aging analysis of the parent company's accounts receivable at the end of the reporting period Parent Company Accounts Receivable by Aging (as of June 30, 2025) | Aging | Ending Book Balance (RMB) | Beginning Book Balance (RMB) | | :--- | :--- | :--- | | Within 1 Year (inclusive) | 37,319,414.79 | 41,365,404.18 | | 1 to 2 Years | 2,782,477.46 | 1,423,507.42 | | 2 to 3 Years | 180,320.25 | 65,807.55 | | Over 3 Years | 536,258.30 | 286,044.05 | | **Total** | **40,818,470.80** | **43,140,763.20** | - Parent company accounts receivable impairment provision at period-end was **RMB 2,452,893.02**, with a provision rate of **6.01%**[425](index=425&type=chunk) - Parent company long-term equity investments at period-end had a carrying value of **RMB 383,898,019.39**, increasing by **RMB 125,000,000.00** in the current period, primarily due to additional investment in Taizhou Zhongshixin Electronics Co., Ltd[441](index=441&type=chunk)[445](index=445&type=chunk) [Supplementary Information](index=134&type=section&id=%E4%BA%8C%E5%8D%81%E3%80%81%E8%A1%A5%E5%85%85%E8%B5%84%E6%96%99) Provides supplementary financial information, including a detailed statement of non-recurring gains and losses, return on net assets, and earnings per share, further elaborating on the financial report content [Detailed Statement of Non-recurring Gains and Losses](index=134&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E6%98%8E%E7%BB%86%E8%A1%A8) Presents a detailed breakdown of non-recurring gains and losses for the reporting period Detailed Statement of Non-recurring Gains and Losses (Jan-Jun 2025) | Item | Amount (RMB) | | :--- | :--- | | Disposal gains and losses of non-current assets | -98,030.82 | | Government grants included in current profit or loss (excluding those closely related to the company's normal business operations, in line with national policies, and continuously enjoyed according to certain standards) | 670,639.31 | | Other non-operating income and expenses | -25,116.38 | | Less: Income tax impact | 80,695.95 | | Minority interest impact (after tax) | -4.08 | | **Total** | **466,800.24** | [Return on Net Assets and Earnings Per Share](index=134&type=section&id=%E5%87%80%E8%B5%84%E4%BA%A7%E6%94%B6%E7%9B%8A%E7%8E%87%E5%8F%8A%E6%AF%8F%E8%82%A1%E6%94%B6%E7%8E%87) Provides key profitability metrics including weighted average return on net assets and basic and diluted earnings per share Return on Net Assets and Earnings Per Share (Jan-Jun 2025) | Profit for the Reporting Period | Weighted Average Return on Net Assets (%) | Basic Earnings Per Share (RMB/share) | Diluted Earnings Per Share (RMB/share) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Common Shareholders of the Company | 2.16 | 0.0701 | 0.0701 | | Net Profit Attributable to Common Shareholders of the Company Excluding Non-recurring Gains and Losses | 2.05 | 0.0666 | 0.0666 |

Core Viewpoint - *ST Aiai (603580) has shown a decline in stock price and significant net outflow of funds, despite reporting strong revenue and profit growth in its latest quarterly results [1][3]. Financial Performance - As of the first quarter of 2025, the company reported total revenue of 47.64 million yuan, representing a year-on-year increase of 30.18% [1]. - The net profit attributable to shareholders was 5.41 million yuan, showing a substantial year-on-year growth of 338.97% [1]. - The non-recurring net profit was 5.41 million yuan, with a remarkable year-on-year increase of 693.73% [1]. - The company's liquidity ratios are strong, with a current ratio of 3.451 and a quick ratio of 1.798, while the debt-to-asset ratio stands at 13.59% [1]. Stock Market Activity - On August 25, 2025, *ST Aiai's stock closed at 14.93 yuan, down 2.67%, with a turnover rate of 2.29% [1]. - The trading volume was 29,900 hands, with a total transaction amount of 45.07 million yuan [1]. - There was a net outflow of main funds amounting to 10.33 million yuan, accounting for 22.92% of the transaction amount [1]. Investment and Intellectual Property - The company has made investments in 7 enterprises and participated in 73 bidding projects [2]. - It holds 21 trademark registrations and 76 patents, along with 11 administrative licenses [2].

Core Points - The company announced a cash dividend of 0.082 yuan per share for A shares [1] - The profit distribution plan was approved at the annual general meeting on June 13, 2025 [1] - The total share capital for the dividend distribution is 130,673,200 shares [1] Dividend Distribution Dates - The record date for the dividend is August 7, 2025 [1] - The last trading day is August 8, 2025 [1] - The ex-dividend date is August 8, 2025 [1] Dividend Implementation - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited Shanghai Branch [1] - Shareholders who have completed designated transactions can receive cash dividends on the distribution date [1] - For shareholders who have not completed designated transactions, dividends will be held by the clearing company until the transaction is completed [1] Taxation on Dividends - Individual shareholders and securities investment funds will not have personal income tax withheld by the company [2] - Taxation for individual shareholders is based on holding periods, with a maximum tax rate of 20% for holdings of one month or less [2] - Qualified Foreign Institutional Investors (QFIIs) will have a 10% corporate income tax withheld [3] Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the company's securities department at 021-65305237 or via email at zhengquanbu@aabelt.com.cn [4]

Group 1 - The company *ST Ai Ai announced a cash dividend of 0.082 yuan per share, totaling 10.7152 million yuan [1] - The record date for the dividend is set for August 7, 2025, with the ex-dividend date and payment date on August 8, 2025 [1] - The dividend will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [1]

证券代码：603580 证券简称：*ST 艾艾 公告编号：2025-026 艾艾精密工业输送系统（上海）股份有限公司 2024年年度权益分派实施公告 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/8/7 | － | 2025/8/8 | 2025/8/8 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 6 月 13 日的2024年年度股东大会审议通过。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.082元 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/8/7 | － | 2025/8/8 | 2025/8/8 | 四、 分配实施办法 1. ...

Core Points - The company, AA Industrial Belting (Shanghai) Co., Ltd., was established in accordance with the Company Law of the People's Republic of China and is registered in Shanghai [1][3] - The company was approved by the China Securities Regulatory Commission to issue 16.67 million shares of common stock to the public on May 5, 2017, and was listed on the Shanghai Stock Exchange on May 25, 2017 [1][3] - The registered capital of the company is RMB 130.6732 million [3][7] - The company aims to use advanced international technology to develop and design precision industrial conveyor belts and mechanical products, achieving competitiveness in the international market [4] Company Structure - The company is a permanent stock company, and its assets are divided into equal shares, with shareholders bearing responsibility limited to their subscribed shares [3][4] - The company has a total of 130.6732 million shares, all of which are common shares [7] - The company’s shares are issued in the form of stocks, with each share having a par value of RMB 1 [6][7] Share Issuance and Capital Increase - The company has conducted capital increases through bonus shares, with a total of 26.668 million shares issued as bonus shares in 2018 and 37.3352 million shares in 2019 [2][7] - The company can increase capital through various methods, including public issuance, private issuance, and bonus shares [8] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and supervision of company operations, and they are obligated to comply with laws and the company’s articles of association [12][37] - Shareholders holding more than 5% of shares must report any pledges of their shares to the company [38] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting required to be held within six months after the end of the previous fiscal year [18] - Shareholder meetings must be convened in accordance with legal procedures, and shareholders can propose agenda items [52][53] Voting and Resolutions - Resolutions at shareholder meetings can be ordinary or special, with ordinary resolutions requiring more than half of the voting rights and special resolutions requiring two-thirds [75][76] - The company must ensure that voting is conducted fairly, especially for matters affecting minority shareholders [80][81]

艾艾精密工业输送系统（上海）股份有限公司 目 录 章程 0 1 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东 第二节 股东会的一般规定 第三节 股东会的召集 第四节 股东会的提案与通知 第五节 股东会的召开 第六节 股东会的表决和决议 第五章 董事会 第一节 董事 第二节 董事会 第六章 总经理及其他高级管理人员 第七章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第八章 通知与公告 第一节 通知 第二节 公告 第九章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十章 修改章程 第十一章 附则 艾艾精密工业输送系统（上海）股份有限公司章程 第一章 总 则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》 （以下简称《证券法》）和其他有关规定，制订本章程。 第二条 艾艾精密工业输送系统（上海）股份有限公司（以下简称"公 ...

艾艾精密工业输送系统（上海）股份有限公司 股东会议事规则 第一章 总 则 第一条 为规范艾艾精密工业输送系统（上海）股份有限公司（以下简称公 司）股东会及股东行为，提高股东会议事效率，保障股东的合法权益，确保股东 会能够依法行使职权和依法决议，根据《公司法》、《证券法》《上市公司股东会 规则》、《上海证券交易所股票上市规则》等相关法律、行政法规和规范性文件以 及《艾艾精密工业输送系统（上海）股份有限公司章程》（以下简称《公司章程》） 的规定，制定本规则。 第二条 公司应当严格按照法律、行政法规、公司章程及本规则的相关规定 召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 第三条 股东会应当在《公司法》和《公司章程》规定的范围内行使职权。 第四条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次， 应当于上一会计年度结束后的六个月内举行。临时股东会不定期召开，出现《公 司章程》规定的应当召开临时股东会的情形时，临时股东会应当在二个月内召开。 公司在上述期限内不能召开股东会的，应当报告中国证监局和上海证 ...

艾艾精密工业输送系统（上海）股份有限公司 董事会议事规则 第一条宗旨 为明确公司董事会的职责权限，规范公司董事会的议事方式和决策程序，促 使公司董事和董事会有效地履行其职责，提高公司董事会规范运作和科学决策水 平，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）以及公司章程等有关规定，制定本规则。 第二条董事会秘书 董事会下设董事会秘书，处理董事会日常事务。 董事会秘书或者证券事务代表负责保管董事会印章。 第三条 定期会议 （一）提议人的姓名或者名称； 董事会会议分为定期会议和临时会议。 董事会每年应当至少在上下两个半年度各召开一次定期会议。 第四条 定期会议的提案 在发出召开董事会定期会议的通知前，董事会秘书应当充分征求各董事的意 见，初步形成会议提案后交董事长拟定。 董事长在拟定提案前，应当视需要征求总经理和其他高级管理人员的意见。 第五条 临时会议 有下列情形之一的，董事会应当召开临时会议： （一）代表十分之一以上表决权的股东提议时； （二）三分之一以上董事联名提议时； （三）审计委员会提议时； （四）董事长认为必要时； （五）二分之一以上独立 ...