浙江盛洋科技股份有限公司 股票简称：盛洋科技 股票代码：603703 信息披露义务人：国交北斗（海南）科技投资集团有限公司 住所：海南省海口市龙华区金贸街道金贸东路 4 号海口华润中心三期 3＃楼 33 层 3309 号 通讯地址：海南省海口市龙华区金贸街道金贸东路 4号海口华润中心三期 3＃楼 33 层 3309 号 股份变动性质：股份减少（减持），持股比例降至 5%以下 签署日期：二〇二五年九月八日 浙江盛洋科技股份有限公司 简式权益变动报告书 简式权益变动报告书 上市公司名称：浙江盛洋科技股份有限公司 股票上市地点：上海证券交易所 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、本报告书系根据《公司法》《证券法》《上市公司收购管理办法》 《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》 及其他相关法律、法规及规范性文件的有关规定编写； 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不 违反信息披露义务人章程或内部规则中的任何条款，或与之相冲突； 三、依据《证券法》《上市公司收购管理办法》的规定，本报告书已全面 披露了信 ...

Core Viewpoint - Shengyang Technology (603703.SH) announced a share reduction by Guojiao Beidou, which has decreased its stake below 5% [1] Group 1: Share Reduction Details - Guojiao Beidou reduced its holdings by 1,673,300 shares from August 21, 2025, to September 8, 2025, representing 0.403222% of the total share capital [1] - Following this transaction, Guojiao Beidou's shareholding decreased from 22,422,400 shares to 20,749,100 shares [1] - The ownership percentage of Guojiao Beidou fell from 5.403221% to 4.999999%, resulting in it no longer being a shareholder with over 5% ownership [1]

Group 1 - The core point of the article is that Shengyang Technology announced a share reduction by a major shareholder, Guojiao Beidou, which has implications for the company's stock performance and investor sentiment [1] - Guojiao Beidou reduced its holdings by approximately 1.67 million shares, accounting for 0.403222% of the total share capital, between August 21 and September 8, 2025 [1] - As of the report, Shengyang Technology has a market capitalization of 4.1 billion yuan [1] Group 2 - In the fiscal year 2024, Shengyang Technology's revenue composition is as follows: 52.71% from RF cables and communication-related products, 40.11% from other electronic equipment manufacturing, 5.54% from 5G communication base station services, 1.19% from other businesses, and 0.44% from maritime broadband satellite communication terminals [1]

Core Viewpoint - The shareholder Guojiao Beidou (Hainan) Technology Investment Group Co., Ltd. has reduced its stake in Shengyang Technology by selling 1.6733 million shares, representing 0.403222% of the total share capital, between August 21, 2025, and September 8, 2025, at a price range of 9.97 to 11.06 CNY per share, totaling 17.5586 million CNY [1] Summary by Category - **Shareholder Activity** - Guojiao Beidou sold 1.6733 million shares, reducing its holding to 20.7491 million shares, which is 4.999999% of the total shares [1] - The original plan was to sell up to 4.1498 million shares, accounting for 1% of the total shares [1]

Core Viewpoint - The company, Shengyang Technology, reported a strong revenue growth of 16.62% in the first half of the year, driven by increased sales orders for RF cable products, despite a slight decline in net profit due to rising share-based payment expenses and reduced foreign exchange gains [1][2]. Financial Summary - Revenue for the first half of the year reached 416.15 million yuan, compared to 356.83 million yuan in the same period last year, marking a growth of 16.62% [1]. - Total profit amounted to 44.74 million yuan, an increase of 10.15% from 40.61 million yuan year-on-year [1]. - Net profit attributable to shareholders was 5.04 million yuan, a decrease of 1.74% from 5.13 million yuan in the previous year [1]. - Net profit after deducting non-recurring gains and losses was 2.61 million yuan, down 41.7% from 4.47 million yuan year-on-year [1]. - Earnings per share stood at 0.01 yuan [1]. Cash Flow and Operational Performance - The net cash flow from operating activities increased significantly by 149.41%, reaching 21.12 million yuan compared to 4.27 million yuan in the previous year [1][2]. - The increase in cash flow indicates effective sales collection and operational efficiency [2]. Impact of Expenses - The decline in net profit was primarily attributed to increased share-based payment expenses and a decrease in foreign exchange gains [2]. - Excluding share-based payment expenses, the net profit would have been 17.46 million yuan, reflecting a substantial growth of 192.88% compared to the previous year [2].

Core Insights - The company reported an increase in revenue but a decline in net profit for the first half of 2025, indicating a challenging financial environment [1][3] - The gross profit margin improved, while the net profit margin decreased significantly, reflecting rising costs and expenses [1][3] Financial Performance - Total revenue for the first half of 2025 reached 416 million yuan, a year-on-year increase of 16.62% compared to 357 million yuan in 2024 [1] - The net profit attributable to shareholders was 5.04 million yuan, down 1.74% from 5.13 million yuan in the previous year [1] - The second quarter revenue was 232 million yuan, up 25.33% year-on-year, but the net profit for the same period was -1.22 million yuan, a decline of 186.33% [1] Profitability Metrics - Gross margin stood at 27.25%, an increase of 7.97% year-on-year, while net margin decreased to 1.49%, down 10.72% from the previous year [1] - Total selling, administrative, and financial expenses amounted to 84.74 million yuan, accounting for 20.36% of revenue, which is a 12.93% increase year-on-year [1] Cash Flow and Debt - Operating cash flow per share improved to 0.05 yuan, a significant increase of 149.41% year-on-year, while cash and cash equivalents decreased by 3.28% to 300 million yuan [1] - The company’s receivables increased by 23.59% to 301 million yuan, indicating potential liquidity issues [1] - Interest-bearing liabilities rose by 12.32% to 820 million yuan, leading to a debt-to-asset ratio of 42.16% [3] Historical Performance - The company has shown a median Return on Invested Capital (ROIC) of 3.84% since its listing, with a particularly poor performance in 2018, where ROIC was -7.54% [3] - The company has reported losses in two of the nine annual reports since its IPO, indicating a fragile business model [3]

Core Viewpoint - The company, Shengyang Technology Co., Ltd., has released its 2025 semi-annual report, which includes details on its financial performance, management, and future plans. The report emphasizes the accuracy and completeness of the information provided, ensuring compliance with relevant regulations [1][5][41]. Group 1: Company Overview - Shengyang Technology Co., Ltd. is listed under the stock code 603703 and is based in Zhejiang, China [4]. - The company has confirmed that there are no changes in its controlling shareholder or actual controller during the reporting period [4]. Group 2: Financial Data - The semi-annual report has not proposed any profit distribution or capital reserve transfer plans for the reporting period [3]. - The company reported a total of 66,222.51 million RMB raised from a non-public stock issuance, with a net amount of 64,295.73 million RMB after deducting various fees [24]. Group 3: Fund Management - As of June 30, 2025, the company has utilized 46,669.17 million RMB of the raised funds, with 782.69 million RMB used in the current year [24]. - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements [25]. Group 4: Project Updates - The company has completed the "Intelligent Warehouse and Distribution Center Construction Project" and has permanently supplemented its working capital with surplus funds from this project [30]. - The "Communication Tower Infrastructure Construction Project" has also been completed, with the remaining funds being used to settle outstanding payments [35]. Group 5: Meeting Announcements - The company will hold a performance briefing on September 10, 2025, to discuss the semi-annual results and address investor inquiries [41][45].

Group 1 - The company reported a revenue of 416 million yuan for the first half of 2025, representing a year-on-year growth of 16.62% [1] - The net profit attributable to shareholders was 5.04 million yuan, showing a year-on-year decline of 1.74% [1] - The non-recurring net profit was 2.61 million yuan, which reflects a significant year-on-year decrease of 41.70% [1] - The basic earnings per share stood at 0.01 yuan [1]

Core Viewpoint - The company reported a revenue growth of 16.62% year-on-year in the first half of 2025, driven by increased sales orders for RF cable products, while net profit slightly decreased by 1.74% due to rising share-based payment expenses and reduced foreign exchange gains [1][2] Financial Performance - The company achieved an operating revenue of 416 million yuan in the first half of 2025, with a net profit attributable to shareholders of 5.0381 million yuan [1] - Excluding share-based payment expenses, the net profit reached 17.46 million yuan, reflecting a substantial increase of 192.88% compared to the same period last year [2] - The net cash flow from operating activities increased by 149.41% year-on-year, indicating improved cash collection from sales [2] Business Development - The growth in revenue is primarily attributed to the increase in orders for RF cable products, supported by the ongoing development of the global communication industry and the acceleration of data center construction [2] - The company has achieved a monthly production capacity of 30,000 kilometers for automotive high-speed cables and made breakthroughs in autonomous research and development in fields such as Beidou vehicle-mounted terminals [1][3] Strategic Initiatives - The company has implemented a dual-driven strategy focusing on "wired/wireless communication + satellite communication," capitalizing on emerging technologies like AI and autonomous driving [3] - The data cable market is expected to grow at a rate exceeding 10% in the coming years, with projections indicating it could reach 2.956 billion USD by 2031 [3] - The company plans to focus on developing high-speed, high-capacity data cable products starting in 2024 to meet the demands of data centers, industrial automation, and smart cities [3] Technological Advancements - The company has integrated three Rosen Tai devices into its high-performance data copper cable R&D and production system, enhancing its capabilities in high-speed transmission for data centers and automotive communications [4] - The satellite communication terminal business is viewed as a second growth curve, with plans to focus on maritime satellite communication terminals, Beidou vehicle-mounted navigation terminals, and satellite internet communication terminals by 2025 [4] Industry Environment - The low-orbit satellite internet construction in China has accelerated significantly this year, presenting development opportunities for the industry [5] - The company has accumulated years of R&D experience in satellite communication terminals and has made breakthroughs in Beidou vehicle-mounted terminals and 5G satellite television terminals [5] - Future exploration of diverse application scenarios in satellite communication terminals, such as vehicle-road collaboration and emergency communication, is planned to further tap into growth potential [5]

Core Viewpoint - Shengyang Technology (603703.SH) reported a revenue of 416 million yuan for the first half of 2025, reflecting a year-on-year growth of 16.62% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 5.0381 million yuan, showing a year-on-year decrease of 1.74% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 2.6091 million yuan, down 41.70% year-on-year [1] - Basic earnings per share stood at 0.01 yuan [1]