Core Viewpoint - The company, Kosen Technology, has clarified that it is not currently involved in supplying components for Apple's foldable phone, despite market speculation [1] Group 1 - Kosen Technology has stated that it will continue to invest in research and development for products in this category [1] - The company has successfully delivered some components for other consumer electronics products [1]

Group 1 - The stock of Kosen Technology (603626) increased by 3.33% today, with a turnover rate of 31.24% and a trading volume of 2.724 billion yuan, showing a fluctuation of 8.96% [2] - The stock was listed on the Shanghai Stock Exchange's daily trading report due to its turnover rate, with a net selling amount of 112 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 619 million yuan, with a buying amount of 253 million yuan and a selling amount of 366 million yuan, resulting in a net selling of 112 million yuan [2] Group 2 - In the past six months, the stock has appeared on the trading report six times, with an average price increase of 5.13% the day after being listed and an average increase of 14.85% in the following five days [3] - The stock saw a net inflow of 98.9687 million yuan in main funds today, including a net inflow of 31.4514 million yuan from large orders and 67.5172 million yuan from major funds, with a total net inflow of 470 million yuan over the past five days [3] - The company's semi-annual report released on August 27 showed that it achieved a revenue of 1.582 billion yuan in the first half of the year, a year-on-year decrease of 9.13%, and a net profit of -105 million yuan [3]

Group 1 - The article highlights that as of August 27, a total of 50 stocks on the Shanghai and Shenzhen exchanges have experienced net inflows of main funds for five consecutive days or more [1] - Among these, Yindu Co. has seen the longest streak with 11 consecutive days of net inflow, ranking first [1] - The stock with the highest total net inflow amount is Cambricon Technologies, which has accumulated a net inflow of 1.336 billion over six days [1] Group 2 - The article provides a detailed ranking of stocks based on the number of consecutive days of net inflow, with Cambricon Technologies leading at 6 days and 1.336 billion net inflow [1] - Other notable stocks include Kosen Technology with 9 days and 0.931 billion net inflow, and Kehua Data with 5 days and 0.626 billion net inflow [1] - The article also mentions the proportion of net inflow to trading volume, with Weili ranking first at a net inflow ratio of 12.44% over five days [1][2]

Group 1 - The core viewpoint of the news is the announcement of the 2025 second extraordinary general meeting of shareholders by Kersen Technology Co., Ltd., scheduled for September 11, 2025, to discuss various resolutions [15][10]. - The board of directors confirmed that the content of the announcement is truthful, accurate, and complete, and they bear legal responsibility for it [2][14]. - The meeting will adopt a combination of on-site and online voting methods, with specific voting times outlined for both platforms [17][15]. Group 2 - The board meeting that approved the half-year report and other resolutions was held on August 26, 2025, with all six directors present [3][4]. - The board approved the nomination of Jiang Hai as a non-independent director candidate, pending shareholder approval [8]. - The meeting's resolutions were deemed legally valid and compliant with relevant laws and regulations [5][6]. Group 3 - The notice for the extraordinary general meeting was communicated to all shareholders, and the meeting will take place at the company's administrative building in Kunshan [15][26]. - Shareholders must register to attend the meeting, either in person or via email, with specific documentation required for both corporate and individual shareholders [25][26]. - The company will cover no expenses for transportation or accommodation for attendees [27].

Financial Performance - Kosen Technology (603626.SH) reported a revenue of 1.582 billion yuan for the first half of 2025, a year-on-year decline of 9.13%, with a net loss of 105 million yuan [1][3] - The company has experienced continuous losses for eight consecutive quarters, with a net loss of 12 million yuan in the second quarter alone [1] - The net profit attributable to the parent company for the first quarter of 2023, 2024, and 2025 has been negative, with a projected net loss of 477 million yuan for the full year of 2024 despite a revenue increase of 30.26% [3] Long-term Trends - Kosen Technology's net profit attributable to the parent company has shown a declining trend from 369 million yuan in 2021 to a projected loss of 477 million yuan in 2024, indicating an accelerated loss [3] - The company attributed its ongoing losses to new products being in the ramp-up phase and higher-than-expected R&D expenses, which accounted for approximately 6.2% of revenue in the first half of 2025 [3] Market Activity - Despite the poor financial performance, Kosen Technology's stock price surged by 81.18% from August 15 to 26, 2023, closing at 15.6 yuan per share, creating a stark contrast with its financial results [1][4] - The stock has previously experienced a 10-day consecutive rise due to speculation around the "foldable screen" concept, with a peak increase of 185%, although the company clarified that its related business had not generated revenue [3][4] Investor Behavior - As of August 26, 2023, Kosen Technology's dynamic price-to-earnings ratio was negative, contrasting sharply with the average P/E ratio of 41.44% in the consumer electronics sector [4] - The trading volume on August 26 showed a turnover rate of 31.2%, with a net sell-off of 135 million yuan, indicating significant trading activity and interest from known speculative investors [4][5]

（原标题：科森科技(603626.SH)发布半年度业绩，归母净亏损1.05亿元） 智通财经APP讯，科森科技(603626.SH)披露2025年半年度报告，报告期公司实现营收15.82亿元，同比 下降9.13%;归母净利润亏损1.05亿元;扣非净利润亏损1.59亿元;基本每股收益-0.1908元。 ...

Group 1 - The stock of Kosen Technology (603626) fell by 1.95% today, with a turnover rate of 31.20% and a trading volume of 2.683 billion yuan, showing a fluctuation of 9.22% [2] - The stock was listed on the Shanghai Stock Exchange's "龙虎榜" due to its high turnover rate, with a total net sell of 135 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 808.9 million yuan, with a buying amount of 337 million yuan and a selling amount of 472 million yuan, resulting in a net sell of 135 million yuan [2] Group 2 - The largest buying brokerage was Guotai Junan Securities, with a buying amount of 122 million yuan, while the largest selling brokerage was UBS Securities, with a selling amount of 129 million yuan [2] - Over the past six months, the stock has appeared on the "龙虎榜" six times, with an average price increase of 5.09% the day after being listed and an average increase of 11.42% in the following five days [2] - The stock saw a net inflow of 71.01 million yuan in main funds today, with a significant single net inflow of 52.23 million yuan and a large single net inflow of 18.78 million yuan [2] Group 3 - Kosen Technology reported a revenue of 1.582 billion yuan for the first half of the year, a year-on-year decrease of 9.13%, and a net profit of -105 million yuan [2]

Core Viewpoint - Kunshan Kersen Science & Technology Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, primarily due to challenges in product gross margins and increased costs associated with research and development efforts aimed at overcoming technical bottlenecks [2][3][7]. Company Overview and Financial Indicators - The company’s revenue for the first half of 2025 was approximately CNY 1.58 billion, a decrease of 9.13% compared to the same period last year [3][7]. - The total profit for the period was a loss of approximately CNY 105 million, an improvement from a loss of CNY 175 million in the previous year [3][7]. - The net profit attributable to shareholders was approximately CNY -105 million, compared to CNY -161 million in the same period last year [3][7]. - The company’s total assets decreased by 4.09% to approximately CNY 5.33 billion, while net assets attributable to shareholders decreased by 4.87% to approximately CNY 2.14 billion [3][7]. Industry and Main Business Situation - The company operates in the precision metal manufacturing industry, utilizing modern technologies such as computer technology, new materials, and precision manufacturing techniques to produce components for various sectors including consumer electronics, medical devices, and automotive [6][7]. - The demand for high-precision and high-quality components is increasing, driven by rapid advancements in industries such as telecommunications, computing, and aerospace [6][7]. - The company employs various manufacturing processes including precision die-casting, stamping, CNC machining, and laser cutting to meet the diverse needs of its clients [7][8]. Operational Analysis - The company’s product sales remained stable, benefiting from a recovery in the consumer electronics sector, which is the primary source of revenue [8][9]. - The company has made progress in new product areas, such as the assembly of folding phone hinges, which has contributed to improved gross margins [8][9]. - Future growth is anticipated in sectors such as new energy vehicles and solid-state battery materials, with the company actively seeking to expand its client base in these emerging markets [8][9]. Competitive Advantages - The company has developed a robust manufacturing technology system and holds over 400 patents, including more than 100 invention patents, enhancing its competitive edge in the market [9][10]. - Continuous investment in research and development has strengthened the company's ability to respond to customer needs and market changes effectively [9][10]. - The company maintains a strict quality control system and has received multiple certifications, ensuring compliance with international standards and enhancing product quality [10][11].

Company Overview - The total assets of the company at the end of the reporting period were approximately 5.33 billion RMB, a decrease of 4.09% compared to the previous year [1] - The net assets attributable to shareholders decreased to approximately 2.14 billion RMB, down 4.87% from the previous year [1] Financial Performance - The company's operating revenue for the reporting period was approximately 1.58 billion RMB, representing a decline of 9.13% year-on-year [1] - The total profit for the period was a loss of approximately 105 million RMB, an improvement from a loss of approximately 175 million RMB in the same period last year [1] - The net profit attributable to shareholders was a loss of approximately 105 million RMB, compared to a loss of approximately 161 million RMB in the previous year [1] - The net profit after deducting non-recurring gains and losses was approximately -158.85 million RMB, compared to -171.16 million RMB in the same period last year [1] - The net cash flow from operating activities was approximately 59.36 million RMB, down 36.01% from 92.76 million RMB in the previous year [1] - The weighted average return on net assets was -4.78%, an increase of 1.1 percentage points from -5.88% [1] - Basic and diluted earnings per share were both -0.1908 RMB, compared to -0.2904 RMB in the previous year [1] Shareholder Information - The total number of shareholders at the end of the reporting period was 73,910 [1] - The largest shareholder, Xu Jingen, holds 25.22% of the shares, amounting to approximately 139.93 million shares, with 55 million shares pledged [2] - Other significant shareholders include Wang Dongmei with 4.37% and various private equity funds [2]

昆山科森科技股份有限公司 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。 一、董事会会议召开情况 （一）昆山科森科技股份有限公司（以下简称"公司"）第四届董事会第二十 次会议（以下简称"本次会议"）于2025年8月26日以现场结合通讯方式召开，会 议由董事长徐金根先生主持。 （二）本次会议通知于2025年8月18日以通讯方式向全体董事发出。 证券代码：603626 证券简称：科森科技 公告编号：2025-038 表决结果：同意 6 票；反对 0 票；弃权 0 票。 公司董事会提名委员会事前已审议通过该议案，并同意提交董事会审议。该 议案尚需提交股东大会审议。 （三）本次会议应参加表决董事6名，实际参加表决董事6名，公司监事及高 级管理人员列席了本次会议。 （四）本次会议的召集、召开符合《公司法》及《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 本次会议审议并通过如下议案： （一）审议通过《关于 2025 年半年度报告及摘要的议案》 表决结果：同意 6 票；反对 0 票；弃权 0 票。 公司董事会审计委员会 ...