证券代码：603897 证券简称：长城科技 公告编号：2025-022 浙江长城电工科技股份有限公司 2025年第一次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 8 日 (二)股东大会召开的地点：浙江省湖州市练市长城大道东 1 号公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 291 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 122,017,881 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 59.1069 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集,董事长顾正韡先生主持,会议采取现场投票及 网络投票相结合的表决方式进行表决,会议的召集、召开、出席会议人员 ...

Group 1 - The core viewpoint of the article highlights the financial performance and stock market activity of Great Wall Technology (长城科技), indicating a slight decline in stock price and mixed capital flow on a specific trading day [1] - As of August 25, 2025, Great Wall Technology's stock closed at 27.31 yuan, down 1.23%, with a turnover rate of 5.54% and a trading volume of 114,300 hands, amounting to a transaction value of 312 million yuan [1] - The company's latest financial results for the first half of 2025 show total revenue of 6.282 billion yuan, a year-on-year decrease of 0.56%, while net profit attributable to shareholders was 137 million yuan, an increase of 18.86% [1] Group 2 - The company has a current liquidity ratio of 1.334 and a quick ratio of 1.142, indicating a stable short-term financial position [1] - Great Wall Technology has a debt-to-asset ratio of 63.88%, suggesting a moderate level of financial leverage [1] - The company has made investments in six enterprises and participated in 11 bidding projects, showcasing its active engagement in business expansion [2]

Group 1 - The company, China Great Wall Technology Group Co., Ltd., has applied for a total bank credit limit of approximately RMB 24.301 billion, with RMB 14 billion requested by the parent company and RMB 10.301 billion by subsidiaries [1][2] - The board of directors has authorized the management to adjust the credit limits among the approved entities based on actual operational needs [1][2] - The adjustment of the bank credit limits is aimed at ensuring the continuous and stable development of the company's operations, with no adverse effects on the company or its shareholders, particularly minority investors [2] Group 2 - The credit limit adjustments involve several banks, including Shanghai Pudong Development Bank, Ningbo Bank, Industrial Bank, Huaxia Bank, China Merchants Bank, Export-Import Bank of China, Bank of China, and Agricultural Bank of China [2] - The overall bank credit limit remains unchanged after the adjustments, ensuring that the company's operational funding needs are met [2] - The adjustments have been reviewed and approved by the president's office meeting, indicating internal governance compliance [2]

Core Viewpoint - Great Wall Technology (603897) reported mixed financial results for the first half of 2025, with a slight decline in total revenue but an increase in net profit, indicating potential operational challenges and financial resilience [1]. Financial Performance - Total revenue for the first half of 2025 was 6.282 billion yuan, a decrease of 0.56% year-on-year [1]. - Net profit attributable to shareholders reached 137 million yuan, an increase of 18.86% year-on-year [1]. - In Q2 2025, total revenue was 3.191 billion yuan, down 13.37% year-on-year, while net profit was 82.36 million yuan, up 38.96% year-on-year [1]. - Gross margin was 3.99%, down 15.34% year-on-year, while net margin improved to 2.19%, up 19.53% year-on-year [1]. - Earnings per share increased to 0.67 yuan, a rise of 19.64% year-on-year [1]. Cash Flow and Receivables - Operating cash flow per share significantly increased to 3.6 yuan, up 164.72% year-on-year, indicating improved cash generation from operations [1]. - Accounts receivable represented 1158.21% of net profit, highlighting a significant collection issue [1][10]. Cost Structure - Total selling, administrative, and financial expenses amounted to 50.01 million yuan, accounting for 0.8% of revenue, a slight increase of 0.59% year-on-year [1]. - Management expenses rose by 44.29% due to increased labor costs, while financial expenses decreased by 51.26% due to reduced interest expenses [8]. Asset and Liability Management - Cash and cash equivalents increased by 32.08% due to improved collection of accounts receivable [1]. - Interest-bearing debt rose by 24.62% to 920 million yuan, indicating increased leverage [1]. - Contract liabilities increased by 180.17% due to higher advance payments received [5]. Investment and Capital Expenditure - Capital expenditures are crucial for the company's performance, necessitating careful evaluation of capital projects to ensure they are financially viable [9].

Core Viewpoint - Longcheng Technology (603897.SH) reported a strong performance in its 2025 mid-year report, with significant increases in revenue, net profit, and cash flow from operating activities, indicating a positive growth trend over the past two years [1][3]. Financial Performance - The company's total revenue reached 6.282 billion yuan, with a net profit attributable to shareholders of 137 million yuan, an increase of 21.79 million yuan compared to the same period last year, representing a year-on-year growth of 18.86% [1]. - Cash flow from operating activities amounted to 744 million yuan, an increase of 463 million yuan from the same period last year, reflecting a year-on-year growth of 164.72% [1]. Profitability Metrics - The latest asset-liability ratio stands at 63.88% [3]. - The gross profit margin is 3.99%, up by 0.16 percentage points from the previous quarter [3]. - Return on equity (ROE) is 5.74%, an increase of 1.27 percentage points compared to the same period last year [3]. - The diluted earnings per share (EPS) is 0.67 yuan, an increase of 0.11 yuan from the same period last year, marking a year-on-year growth of 19.64% [3]. Efficiency Ratios - The total asset turnover ratio is 0.96 times [3]. - The inventory turnover ratio is 8.03 times [3]. Shareholder Structure - The number of shareholders is 26,200, with the top ten shareholders holding a total of 125 million shares, accounting for 60.60% of the total share capital [3]. - The largest shareholder is Huzhou Changcheng Electronic Technology Co., Ltd., holding 25.01% of the shares [3].

Group 1 - The core viewpoint of the article is that Changcheng Technology (603897.SH) has reported its semi-annual results for 2025, highlighting the current institutional and public fund holdings in the company [1] - As of August 21, 2025, three institutional investors hold a total of 52.3001 million shares of Changcheng Technology, representing 25.33% of the total share capital [1] - The institutional holding ratio has decreased by 0.40 percentage points compared to the previous quarter [1] Group 2 - One new public fund, Xin Yuan Zhi Yuan Quantitative Stock Selection Mixed A, has been disclosed this period, while two public funds, including Zhaoshang Quantitative Selected Stock Initiation A and Zhaoshang Growth Enterprise Board Index Enhancement A, were not disclosed in this period [1] - One social security fund, Zhaoshang Fund Management Co., Ltd. - Social Security Fund 1903 Combination, was not disclosed this period compared to the previous quarter [1]

Group 1 - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares (including tax) for the first half of 2025, with a total distribution amounting to approximately RMB 61.93 million based on the total share capital of 206,435,681 shares as of June 30, 2025 [1][43][45] - The board of directors and the supervisory board have confirmed the authenticity, accuracy, and completeness of the half-year report, ensuring no false records or significant omissions exist [5][33] - The company will hold its first extraordinary general meeting of 2025 on September 8, 2025, to review the proposed profit distribution plan and other matters [52][53] Group 2 - The company has decided to cancel the supervisory board, with its functions being transferred to the audit committee of the board of directors, in accordance with the new Company Law effective from July 1, 2024 [62][63] - The board of directors will increase its membership from 7 to 9, maintaining 3 independent directors while increasing non-independent directors from 4 to 6, including one employee representative [65] - The company will change its registered address to a new location in Huzhou, reflecting its operational needs [66] Group 3 - The company has appointed Shen Hongming as the new general manager, following the resignation of the previous general manager, Gu Zhengwei, who will continue to serve as the chairman of the board [49][50][51] - The board has approved various governance system revisions to enhance operational compliance and decision-making effectiveness [19][20][62]

截至2025年8月21日收盘，长城科技股价报26.92元，较前一交易日下跌0.96%。当日成交量为5.86万 手，成交金额达1.58亿元。公司最新总市值为55.57亿元，市盈率为20.24倍。 公司最新披露的2025年半年度报告显示，上半年实现营业收入62.82亿元，同比下降0.56%；实现净利润 1.37亿元，同比增长18.86%。同时公司公布半年度利润分配预案，拟向全体股东每10股派发现金红利3 元，合计派现6193.07万元，占净利润比例为45.11%。此外，公司公告聘任沈宏明担任总经理职务，并 提名其为董事候选人。 数据显示，长城科技8月21日主力资金净流出1389.31万元，占流通市值的0.25%。近五个交易日累计主 力资金净流出3307.06万元，占流通市值的0.6%。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 长城科技主营业务为电磁线产品的研发、生产和销售，产品广泛应用于电力设备、工业电机、家用电器 等领域。公司采取"以销定产"的经营策略，与主要客户签订框架合同确保稳定供货。2025年上半年，公 司电磁线产品产量达8.45万吨，销量为8.27万吨。 ...

Core Viewpoint - The company Zhejiang Great Wall Electric Technology Co., Ltd. has proposed a profit distribution plan for the first half of 2025, which includes a cash dividend of 0.30 yuan per share (before tax) [1][3]. Group 1: Profit Distribution Plan - The company plans to distribute a cash dividend of 3.00 yuan for every 10 shares held, amounting to a total cash dividend of approximately 61,930,704.30 yuan (before tax) based on a total share capital of 206,435,681 shares as of June 30, 2025 [3]. - The profit distribution is based on the net profit attributable to ordinary shareholders, which is reported to be 137,292,087.30 yuan for the first half of 2025 (unaudited) [3]. Group 2: Decision-Making Process - The profit distribution proposal was approved unanimously during the sixth meeting of the fifth board of directors held on August 21, 2025, and is subject to approval at the company's first extraordinary general meeting of shareholders in 2025 [2][4]. - The supervisory board also reviewed and approved the profit distribution plan, stating that it aligns with the company's articles of association and supports stable returns for shareholders while promoting sustainable development [4][5].

Meeting Overview - The fifth meeting of the board of directors of Zhejiang Great Wall Electric Technology Co., Ltd. was held on August 21, 2025, with all seven directors present [1] - The meeting was chaired by Chairman Gu Zhengwei and complied with relevant laws and regulations [1] Financial Report - The board confirmed that the preparation and review process of the 2025 semi-annual report met all legal and regulatory requirements [1] - The report accurately reflects the company's operational management and financial status for the first half of 2025 [1] Voting Results - All resolutions presented during the meeting received unanimous approval with 7 votes in favor, 0 against, and 0 abstentions [2][3][5][6] Management Changes - The board agreed to nominate Mr. Shen Hongming as the candidate for the position of General Manager, pending approval from the shareholders' meeting [3][4] - The board also proposed to nominate Mr. Shen Hongming as a candidate for director, with his term starting from the date of election by the shareholders' meeting [4] Governance Revisions - The board approved multiple amendments to governance documents, including the rules for shareholder meetings, board meetings, and various management systems [5][6] - All proposed amendments received unanimous approval with 7 votes in favor, 0 against, and 0 abstentions [5][6]