Performance Forecast - The company expects to achieve a net profit attributable to shareholders of between 90 million and 95 million RMB for the first half of 2025, representing a decline of 57.06% to 59.32% compared to the same period last year [3][4] - The net profit for the same period last year was 221.24 million RMB, and the net profit after deducting non-recurring gains and losses was 205.26 million RMB [3][4] Reasons for Profit Decline - The decline in profit is attributed to a decrease in revenue from the company's main sales regions due to fluctuating international trade policies and macroeconomic conditions, despite good growth in emerging markets [3][4] - The company has chosen not to reduce expenses in the face of external pressures, opting instead to continue investing in research and development and market expansion to build momentum for future growth [3][4] Strategic Focus - The company will continue to implement its "331" strategy, increasing investment in research and development in health-related hardware and software, smart kitchen and bathroom products, and new business areas [4] - The company aims to leverage its three core advantages of innovation, design, and intelligent manufacturing to achieve differentiated competition in niche markets and actively explore new markets and customers for high-quality development [4] Production Expansion - To mitigate the impact of US-China trade tensions, the company is accelerating the construction of its production base in Vietnam, with initial shipments expected to begin in June 2025, which will open new opportunities for the company's export business [3][4]

Core Points - The company announced the interest payment for its convertible bonds, which will take place on July 21, 2025, for the third year of interest [1][3][4] - The convertible bonds were issued on July 20, 2022, with a total duration of six years, maturing on July 19, 2028 [1][3] - The interest rate for the third year is set at 1.00%, meaning each bond with a face value of 100 RMB will yield an interest payment of 1.00 RMB [3][5] Summary by Sections Convertible Bond Issuance Overview - The convertible bonds were issued at a face value of 100 RMB each, with a total duration from July 20, 2022, to July 19, 2028 [1] - The interest rates for subsequent years are 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year [1] Interest Payment Details - The interest payment period for the third year is from July 20, 2024, to July 19, 2025 [3] - The interest payment record date is July 18, 2025, and the ex-dividend date is July 21, 2025 [3][4] Payment Method and Taxation - The company will entrust the China Securities Depository and Clearing Corporation Limited Shanghai Branch to handle the interest payment [3][4] - Individual investors are subject to a 20% personal income tax on the interest income, resulting in a net interest payment of 0.80 RMB per bond [4][5] - Qualified foreign institutional investors are exempt from corporate income tax and value-added tax on the interest income [5]

证券代码：603992 证券简称：松霖科技 公告编号：2025-050 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于可转换公司债券付息公告 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。 厦门松霖科技股份有限公司（以下简称"公司"）于 2022 年 7 月 20 日发行的可转换公司债券（以下简称"松霖转债"）将于 2025 年 7 月 21 日开始支付第三年（即 2024 年 7 月 20 日至 2025 年 7 月 19 日期间）的利息。根据《公司公开发行可转换公司债券募集说明 书》（以下简称"募集说明书"）有关条款的规定，现将有关事项 公告如下： 一、可转债发行上市概况 1、债券名称：厦门松霖科技股份有限公司可转换公司债券 2、债券简称：松霖转债 可转债付息债权登记日：2025 年 7 月 18 日 可转债除息日：2025 年 7 月 21 日 可转债兑息日：2025 年 7 月 21 日 3、债券代码：113651 4、债券类型：可转换为本公司 A 股股票的可转换公司债券 5、发行总额：人 ...

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast%20Overview) The company anticipates a significant decline in its 2025 first-half performance, with both net profit attributable to shareholders and non-recurring net profit expected to decrease substantially year-over-year, based on unaudited preliminary estimates Current Period Performance Forecast (2025 H1) | Item | Current Period (2025 H1) | Prior Year Period (2024 H1) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders (million CNY) | 90 - 95 | 221.24 | -57.06% ~ -59.32% | | Net Profit Attributable to Shareholders Excluding Non-recurring Items (million CNY) | 70 - 75 | 205.26 | -63.46% ~ -65.90% | - The financial data in this performance forecast is **unaudited** by a certified public accountant[6](index=6&type=chunk) [Prior Period Performance Review](index=2&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) The report provides 2024 first-half performance benchmarks, including net profit attributable to the parent company of 221.24 million CNY, non-recurring net profit of 205.26 million CNY, and basic earnings per share of 0.55 CNY Prior Period Operating Performance (2024 H1) | Indicator | 2024 Semi-Annual Amount | | :--- | :--- | | Net Profit Attributable to Parent Company Owners (million CNY) | 221.24 | | Net Profit Attributable to Parent Company Owners Excluding Non-recurring Items (million CNY) | 205.26 | | Basic Earnings Per Share (CNY) | 0.55 | [Analysis of Performance Decline](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Decline) The performance decline is primarily attributed to the dual impact of external environmental factors, including volatile international trade policies and macroeconomic conditions leading to revenue decline in key sales regions, and internal strategic investments in R&D, market expansion, and a new Vietnamese production base, which increased short-term expenses and pressured profits - External factors, including volatile international trade policies and macroeconomic conditions, led to a year-over-year decline in revenue from the company's primary sales regions, despite strong growth in emerging markets[8](index=8&type=chunk) - Internal strategy involved the company viewing external pressures as short-term, thus not cutting expenses but continuing investments in R&D and market expansion; additionally, accelerating the construction of a Vietnamese production base to mitigate Sino-US trade friction led to increased upfront expenditures[8](index=8&type=chunk) - Vietnam Songlin commenced shipments in **June 2025** and is currently in the capacity ramp-up phase, expected to open new avenues for the company's export business[8](index=8&type=chunk) - Future strategy involves the company continuing its "**331**" strategy, increasing R&D investment in health hardware and software, smart kitchen and bathroom products, and new areas to achieve high-quality development[9](index=9&type=chunk) [Risk Warning](index=3&type=section&id=IV.%20Risk%20Warning) The company explicitly states that this performance forecast is based on preliminary calculations by the finance department, is unaudited by a certified public accountant, and thus contains uncertainties, with no other significant factors affecting its accuracy currently identified - This performance forecast represents preliminary calculations by the finance department and is **unaudited** by a certified public accountant[10](index=10&type=chunk) - The company declares no significant uncertainties have been identified that would affect the accuracy of this performance forecast[10](index=10&type=chunk) [Other Explanations](index=3&type=section&id=V.%20Other%20Explanatory%20Matters) The company advises investors that the disclosed data is preliminary, and the final accurate financial figures will be based on the officially released "2025 Semi-Annual Report," urging investors to be aware of investment risks - The final accurate financial data will be subject to the company's officially disclosed "**2025 Semi-Annual Report**," and investors are advised to exercise caution regarding investment risks[11](index=11&type=chunk)

Core Viewpoint - The company expects a significant decline in net profit for the first half of 2025, projecting a decrease of 57.06% to 59.32% compared to the same period last year [1] Financial Performance - The estimated net profit attributable to shareholders is projected to be between 90 million to 95 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 70 million to 75 million yuan, reflecting a year-on-year decline of 63.46% to 65.90% [1]

Core Insights - Songlin Technology has achieved a historic profit of 446 million yuan in 2024 and is now focusing on the robotics sector as a strategic move to leverage its unique advantages in providing differentiated robotic systems and ecological value [2][10]. Group 1: Strategic Considerations - The decision to enter the robotics field is based on a comprehensive assessment of both demand and supply sides, recognizing significant future demand for robots in societal development and industrial upgrades [3][5]. - The company has a long-term layout in the health sector, eight years of AI technology accumulation, and strong hardware manufacturing and industrial design capabilities, which align well with the robotics business [5][6]. Group 2: Business Structure and Development - The newly established Xiamen Songlin Robotics Technology Co., Ltd. serves as the core platform for the robotics business, responsible for the entire process of research, design, manufacturing, and sales [6][10]. - The product offerings will target both B2B and B2G markets, focusing on solutions for logistics, security, healthcare, and elderly care [6][10]. Group 3: Technology and Innovation - The company has formed a multi-tiered technical team with substantial experience in AI, security, logistics, and other areas, which supports innovation in robotics [8][10]. - The focus will be on developing service robots, while humanoid robots are still in the exploratory phase and not part of the core strategy [8][11]. Group 4: Market Strategy - The company aims to differentiate itself by offering complete robotic system solutions rather than standalone robots, creating a unique competitive advantage [10][11]. - Existing relationships with large B2B clients in the home furnishings sector will be leveraged to expand the robotics market share [10][12]. Group 5: Future Goals - Over the next 3-5 years, the company plans to maintain its B2B and B2G market positioning, enhance its product matrix, and increase market share, with expectations of order breakthroughs in healthcare and elderly care sectors [11][12].

Summary of Key Points Core Viewpoint - The company, Xiamen Songlin Technology Co., Ltd., has decided not to exercise the early redemption option for its convertible bonds, known as "Songlin Convertible Bonds," to protect investor interests despite meeting the conditions for redemption [1][4]. Group 1: Convertible Bond Issuance Overview - The company issued 6.1 million convertible bonds with a face value of 100 RMB each, totaling 610 million RMB, approved by the China Securities Regulatory Commission on July 20, 2022 [1][2]. - The bonds have a fixed interest rate of 1.00% in the first year, increasing to 2.00% in the sixth year [1]. Group 2: Redemption Terms and Trigger Conditions - The redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [2][3]. - The current conversion price is set at 16.58 RMB per share, with the recent trading price being 15.41 RMB per share [2]. Group 3: Decision on Early Redemption - The board of directors has unanimously decided not to redeem the bonds early, even though the stock price has met the redemption conditions from June 18 to July 8, 2025 [3][4]. - The company will reassess the situation after October 8, 2025, should the redemption conditions be triggered again [3]. Group 4: Related Party Transactions - The company's major shareholders and executives have not held or traded the convertible bonds in the six months leading up to the redemption conditions being met [4]. Group 5: Underwriter's Review - The underwriter, Guotai Junan Securities, has confirmed that the decision not to redeem the bonds early complies with relevant regulations and internal decision-making processes [4][5].

自 2025 年 6 月 18 日至 2025 年 7 月 8 日，公司股票价格已 有十五个交易日的收盘价不低于"松霖转债"当期转股价格的 130%（即不低于 20.03 元/股），已触发"松霖转债"的赎回条款。 公司董事会决定本次不行使"松霖转债"的提前赎回权利，不提 前赎回"松霖转债"。 未来三个月内（即 2025 年 7 月 9 日至 2025 年 10 月 8 日）， 如公司触发"松霖转债"的赎回条款均不行使"松霖转债"的提 前赎回权利。以 2025 年 10 月 8 日之后的首个交易日重新起算， 若"松霖转债"再次触发赎回条款，届时公司董事会将再次召开 会议决定是否行使"松霖转债"的提前赎回权利。 一、可转债发行上市概况 （一）经中国证券监督管理委员会《关于核准厦门松霖科技股 份有限公司公开发行可转换公司债券的批复》（证监许可[2022]1240 证券代码：603992 证券简称：松霖科技 公告编号：2025-049 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于不提前赎回"松霖转债"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 ...

国泰海通证券股份有限公司关于厦门松霖科技股份有限公司 不提前赎回"松霖转债"的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"）作为厦门 松霖科技股份有限公司（以下简称"松霖科技"、"公司"）公开发行可转换公司债 券的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》《可转换公司债券管理办法》和《上海证券交易所上市公司自律监管 指引第 12 号——可转换公司债券》等有关规定，对公司不提前赎回"松霖转债" 的事项进行了核查，核查情况及核查意见如下： 一、可转债发行上市概况 （一）经中国证券监督管理委员会《关于核准厦门松霖科技股份有限公司公 开发行可转换公司债券的批复》（证监许可[2022]1240 号）核准，公司于 2022 年 7 月 20 日公开发行了 610 万张可转换公司债券，每张面值 100 元，发行总额 61,000 万元，期限 6 年。票面利率具体为：第一年 0.30%、第二年 0.50%、第三 年 1.00%、第四年 1.50%、第五年 1.80%、第六年 2.00%。 （二）经上交所自律监管决定书〔2022〕217 号文同意，公司 61,000 ...

Group 1 - The company has converted a total of 372,055,000 yuan of "Songlin Convertible Bonds" into shares, resulting in 23,741,425 shares, which accounts for 5.9204% of the total shares before conversion [1][3] - As of June 30, 2025, the amount of "Songlin Convertible Bonds" that has not been converted is 237,945,000 yuan, representing 39.0074% of the total issuance [4] - During the second quarter of 2025, from April 1 to June 30, the conversion amount was 0 yuan, and no new shares were created from conversions [3] Group 2 - The company issued 6.1 million convertible bonds on July 20, 2022, with a total amount of 61,000,000 yuan and a maturity of 6 years [2][26] - The coupon rates for the bonds are structured to increase over the years, starting from 0.30% in the first year to 2.00% in the sixth year [2][26] - The current conversion price for the bonds is set at 15.41 yuan per share [2][26] Group 3 - The company has redeemed 60 million yuan of structured deposits and invested 45 million yuan of temporarily idle raised funds in cash management products [9][11] - The cash management aims to enhance the efficiency of idle funds while ensuring daily operational needs and safety [11][21] - The total amount of cash management investments represents 9.55% of the company's latest cash balance and 1.37% of its net assets [21][22] Group 4 - The company has the right to redeem the convertible bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [28][30] - As of July 1, 2025, the stock price has met the condition for potential redemption, with ten trading days above the threshold [30]