公司摊薄每股收益为-0.82元，较去年同报告期摊薄每股收益减少0.41元。 公司最新总资产周转率为0.29次，较去年同期总资产周转率减少0.18次，同比较去年同期下降38.84%。 最新存货周转率为7.36次，较去年同期存货周转率减少8.66次，同比较去年同期下降54.04%。 公司股东户数为3.12万户，前十大股东持股数量为1.17亿股，占总股本比例为46.28%。 2025年8月26日，ST华扬(603825.SH)发布2025年中报。 公司营业总收入为6.15亿元，较去年同报告期营业总收入减少7.99亿元，同比较去年同期下降56.50%。 归母净利润为-2.09亿元，较去年同报告期归母净利润减少1.06亿元。经营活动现金净流入为-4.46亿元， 较去年同报告期经营活动现金净流入减少2.90亿元。 公司最新资产负债率为99.96%，较上季度资产负债率增加6.12个百分点，较去年同期资产负债率增加 23.04个百分点。 公司最新毛利率为14.01%，较上季度毛利率增加4.86个百分点，较去年同期毛利率减少3.29个百分点。 最新ROE为-94.15%，较去年同期ROE减少82.15个百分点。 ...

Core Insights - The company reported a revenue of 615 million yuan for the first half of 2025, amidst fierce competition in the internet marketing industry [2] - The entry of state-owned capital has provided new funding and business resources, enhancing the company's positioning in the digital cultural tourism sector [2][5] Group 1: Brand Marketing and AI Integration - The company has established itself as a leading brand marketing service provider in China, offering comprehensive marketing services from market research to strategy formulation and execution [3] - In the first half of 2025, the company focused on creating tailored marketing solutions for brand clients, aiming to achieve integrated marketing goals [3] - The company has developed an intelligent technology platform that leverages big data analysis to uncover potential value in commercial data, supporting brand clients' long-term strategies [3] Group 2: AI Technology Implementation - The company has launched the HiGC intelligent platform and MediaMuse, integrating multiple AI models to enhance operational efficiency, achieving nearly a 50% increase in work efficiency [4] - AI tools have been commercialized, demonstrating the company's capability to apply new technologies in brand marketing [4] - The company has utilized AI to replace 70% of on-site shooting work for video production, reducing costs by 60% and improving service quality [4] Group 3: State-Owned Capital Empowerment - The company underwent a change in control, with the Hunan Provincial Government's State-owned Assets Supervision and Administration Commission becoming the actual controller, leading to positive outcomes for the company [5] - The company aims to leverage its marketing expertise to foster closer collaborations with regional brand clients in Hunan [6] - A strategic partnership with Hunan Huannian Cultural Tourism has been established to enhance digital transformation in the cultural tourism sector [6] Group 4: Compliance and Future Outlook - The company has rectified issues related to a recent administrative penalty and is back on a normal development track, with all operational activities proceeding smoothly [7] - The company plans to continue enhancing its AI innovation capabilities and service quality while deepening collaboration with the state-owned group to drive digital transformation in the cultural tourism industry [7]

Group 1 - New stock offering: Sanxie Electric has an offering code of 920100, with an issue price of 8.83 yuan per share and a subscription limit of 855,000 shares [1] - Shanghai's new real estate policy allows unlimited home purchases for eligible buyers outside the outer ring, treats single adults as families, and eliminates the distinction in mortgage rates between first and second homes [4] - The National Development and Reform Commission (NDRC) is focusing on expanding domestic demand and stabilizing employment, while supporting enterprises in technology and product innovation [5] Group 2 - Pinduoduo's Q2 revenue growth slowed to 7% year-on-year, totaling 104 billion yuan, with a net profit of 30.75 billion yuan, down 4% year-on-year [8] - Lixun Precision expects a net profit growth of 20% to 25% year-on-year for the first three quarters [8] - Yonggu Technology reported a net profit of 339 million yuan for the first half of the year, a year-on-year increase of 496.36% [9] Group 3 - Tianfeng Securities remains optimistic about the long-term investment opportunities in China's AI sector, citing substantial returns from AI investments by internet companies [11] - Huafu Securities sees short-term support for the toy industry from consumption stimulus policies and industry regulations, with long-term potential for cultural consumer goods to expand overseas [12]

Company Announcements - Tonglin Co., Ltd. has no business related to graphene industry [1] - Hemei Group plans to invest in the construction of the Qinyuan Qiaolonggou Comprehensive Energy Island Project [1] - Huayi Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange [1] - Wencheng International has won the core smart warehouse operation service project for a well-known cross-border e-commerce platform in East China [1] - Xingfa Group intends to acquire 50% equity of Qiaogou Mining for 855 million yuan [1] - Koweil has completed the repurchase of 1.1788% of its shares [1] - Tianfu Communication reported a net profit of 899 million yuan in the first half of the year and plans to distribute 5 yuan per 10 shares [1] - Huayang Lianzhong's controlling shareholder, Xiangjiang Group, plans to increase its stake by 1% to 2% [1][2] - Hengsheng Electronics' director Jiang Jiansheng plans to reduce his stake by no more than 0.42% [1][2] - Tanshijia plans to raise no more than 1.93 billion yuan through a private placement to its actual controller Li Ming and his controlled enterprise Tongyu Huying [1][2] - Jingu Co., Ltd. has received a notification for the low-carbon wheel project from Avatar [1][2] Performance Highlights - Tianfu Communication reported a net profit of 899 million yuan in the first half of the year [1] - Hisense Visual reported a net profit of 1.056 billion yuan in the first half of the year, representing a year-on-year increase of 26.63% [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：603825 公司简称：华扬联众 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到www.sse.com.cn网站仔细阅读半年度报告全文。 1.2本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.3公司全体董事出席董事会会议。 1.4本半年度报告未经审计。 1.5董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 第二节 公司基本情况 2.1公司简介 ■ 2.2主要财务数据 单位：元 币种：人民币 ■ 2.3前10名股东持股情况表 单位: 股 ■ 2.4截至报告期末的优先股股东总数、前10名优先股股东情况表 □适用 √不适用 2.5控股股东或实际控制人变更情况 √适用 □不适用 ■ 2.6在半年度报告批准报出日存续的债券情况 □适用 √不适用 第三节 重要事项 公司应当根据重要性原则，说明报告期内公司经营情况的重大变化，以及报告期内发生的对公司经营 ...

证券代码：603825 证券简称：华扬联众 公告编号：2025-097 湘江集团基于对公司未来发展前景的信心及长期价值的认可，拟自本增持计 划发布之日起的 6 个月内，通过上海证券交易所交易系统以集中竞价等交易所认 可的方式增持公司无限售流通股 A 股股份。拟增持股份占公司总股本的 1%至 2%。 ? 增持计划无法实施风险 本次增持计划可能存在因资本市场情况发生变化或政策因素等，导致增持计 划无法实施的风险。如增持计划实施过程中出现相关风险情形，公司将及时履行 信息披露义务。敬请广大投资者注意相关风险。 华扬联众数字技术股份有限公司 关于控股股东增持股份计划的公告 本公司董事会、全体董事及相关股东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： ? 增持主体的基本情况 增持主体为华扬联众数字技术股份有限公司（以下简称"公司"或"本公司"） 控股股东湖南湘江新区发展集团有限公司（以下简称"湘江集团"）。在本次增持 计划实施前，湘江集团持有公司 47,649,700 股，占公司总股本的 18.81%。 ? 增持计划的主要内容 本次增持计划 ...

Core Viewpoint - ST Huayang announced an expected net profit loss for the first half of 2025, with a projected loss of 191 million to 221 million yuan after deducting non-recurring gains and losses, and a loss of 185 million to 215 million yuan attributable to shareholders of the listed company [1] Group 1: Financial Performance - The company anticipates a negative net profit primarily due to a decrease in overall business scale from brand clients compared to the same period last year [1] - Despite actively participating in client bidding, some awarded projects will not commence until the second half of the year, leading to slower-than-expected recovery in operating scale for the first half of 2025 [1] - New business expansions, such as digital cultural tourism, are still in the nurturing phase and are unlikely to contribute significantly to profits in the short term [1] Group 2: Company Background - Huayang Lianzhong was established in 1994 and is located in Changsha, Hunan Province, primarily providing comprehensive internet marketing services [1] - The company has a registered capital of 253 million yuan and is represented by legal representative Yang Jiaqing [1] - According to data analysis, Huayang Lianzhong has invested in 56 enterprises and participated in 198 bidding projects, holding 181 trademark registrations and 19 patents, along with 7 administrative licenses [1]

| 公司代码：603825 | 华扬联众数字技术股份有限公司2025 年半年度报告摘要 公司简称：华扬联众 | | | | --- | --- | --- | --- | | | 华扬联众数字技术股份有限公司 | | | | | 华扬联众数字技术股份有限公司2025 年半年度报告摘要 | | | | | 第一节 重要提示 | | | | 展规划，投资者应当到 | www.sse.com.cn 网站仔细阅读半年度报告全文。 | | | | 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | 不适用 | | | | | | 第二节 公司基本情况 | | | | | 公司股票简况 | | | | 股票种类 | 股票上市交易所 股票简称 | 股票代码 | 变更前股票 | | 简称 | | | | | A股 | 上海证券交易所 华扬联众 603825 | 无 | | | 联系人和联系方式 | 董事会秘书 | | 证券事务代表 | | 姓名 | 郭建军 卓炤伊 | | | | 电话 | 010-85135025 010-85135025 | | | | 办公地址 | 北京市东城 ...

证券代码：603825 证券简称：华扬联众 公告编号：2025-094 华扬联众数字技术股份有限公司 关于第六届董事会第十二次会议决议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 董事会会议召开情况 (一) 华扬联众数字技术股份有限公司（以下简称"公司"）第六届董事会第 十二次会议（以下简称"本次会议"）的召开符合《中华人民共和国公司法》和 《公司章程》的有关规定。 (二) 本次会议通知已于 2025 年 8 月 20 日以书面通知形式发出。 (三) 本次会议于 2025 年 8 月 25 日 10 时以通讯表决方式召开。 (四) 本次会议应出席董事 7 名，实际出席董事 7 名。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 具体内容详见公司同日披露的《2025 年半年度报告》及《2025 年半年度报 告摘要》。 本议案已经公司董事会审计委员会审议通过，并同意提交本次董事会审议。 同意《2025 年第二季度总经理工作报告》。 (五) 本次会议由公司董事长张利刚先生主持，公司监事及高级管理人员列席 了本 ...

证券代码：603825 证券简称：华扬联众 公告编号：2025-095 华扬联众数字技术股份有限公司 关于第六届监事会第十次会议决议的公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 监事会会议召开情况 (一) 华扬联众数字技术股份有限公司（以下简称"公司"）第六届监事会第十 次会议（以下简称"本次会议"）的召开符合《中华人民共和国公司法》和《公司 章程》的有关规定。 (二) 本次会议通知已于 2025 年 8 月 20 日以书面通知的形式发出。 (三) 本次会议于 2025 年 8 月 25 日 11 时以通讯表决方式召开。 (四) 本次会议应出席监事 3 名，实际出席监事 3 名。 同意《2025 年半年度报告》及《2025 年半年度报告摘要》。监事会认为， 公司 2025 年半年度报告的编制和审议符合法律、行政法规及中国证监会的规定。 公司的财务报告真实、准确、完整地反映了公司的财务状况和经营成果，不存在 任何虚假记载、误导性陈述或重大遗漏。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 具体内容详见公 ...