Group 1 - Cathay Pacific Haikou expects a net profit increase of 205%-218% for the first half of 2025, with a projected profit of 15.283 billion to 15.957 billion yuan [1] - The main reason for the profit increase is the merger with Haitong Securities, which has led to significant growth in wealth management and trading revenues [1] - Shenyuan Hongyuan anticipates a net profit increase of 92.66%-111.46% for the first half of 2025, with a projected profit of 4.1 billion to 4.5 billion yuan [6][7] Group 2 - Southern Airlines expects a net loss of 1.338 billion to 1.756 billion yuan for the first half of 2025, primarily due to changes in passenger structure and international uncertainties [2] - China Eastern Airlines projects a net loss of 1.2 billion to 1.6 billion yuan for the first half of 2025, influenced by intense domestic market competition [3] - Air China anticipates a net loss of 1.7 billion to 2.2 billion yuan for the first half of 2025, affected by market supply imbalances and international uncertainties [4] Group 3 - HNA Group expects to turn a profit in the first half of 2025, with a projected net profit of 45 million to 65 million yuan, attributed to improved market conditions and operational adjustments [5] - CICC forecasts a net profit increase of 55%-78% for the first half of 2025, with a projected profit of 3.453 billion to 3.966 billion yuan [8] - CITIC Securities anticipates a net profit increase of 55%-60% for the first half of 2025, with a projected profit of 4.43 billion to 4.573 billion yuan [9] Group 4 - Shandong Gold expects a net profit of 2.55 billion to 3.05 billion yuan for the first half of 2025, representing an increase of 84.3%-120.5% [10] - Poly Developments anticipates a net profit decrease of 63.15% for the first half of 2025, with a projected profit of 2.735 billion yuan [11] - Luoyang Molybdenum expects a net profit increase of 51%-68% for the first half of 2025, with a projected profit of 8.2 billion to 9.1 billion yuan [13] Group 5 - Longi Green Energy expects a net loss of 2.4 billion to 2.8 billion yuan for the first half of 2025, but with a significant reduction in losses compared to the previous year [14] - Tongwei Co. anticipates a net loss of 4.9 billion to 5.2 billion yuan for the first half of 2025, influenced by ongoing industry challenges [15] - Ganfeng Lithium expects a net loss of 300 million to 550 million yuan for the first half of 2025, an improvement from the previous year's loss [16] Group 6 - Jianghuai Automobile expects a net loss of approximately 680 million yuan for the first half of 2025, primarily due to increased competition in the international market [21] - Yonghui Supermarket anticipates a net loss of 240 million yuan for the first half of 2025, attributed to ongoing transformation challenges [22] - ST Huatuo expects a net profit increase of 107.2%-159% for the first half of 2025, with a projected profit of 2.4 billion to 3 billion yuan [23] Group 7 - New Hope anticipates a net profit of 680 million to 780 million yuan for the first half of 2025, marking a turnaround from losses [25] - Linyi Intelligent Manufacturing expects a net profit increase of 32%-67% for the first half of 2025, with a projected profit of 900 million to 1.14 billion yuan [27] - Pengding Holdings expects a net profit increase of 52.79%-60.62% for the first half of 2025, with a projected profit of 1.198 billion to 1.26 billion yuan [29] Group 8 - Hengtong Electronics expects a net profit increase of 740.95% for the first half of 2025, with a projected profit of approximately 251 million yuan [30] - Shengyi Technology anticipates a net profit increase of 50%-56% for the first half of 2025, with a projected profit of 1.4 billion to 1.45 billion yuan [31] - Founder Securities expects a net profit increase of 70%-80% for the first half of 2025, with a projected profit of 2.299 billion to 2.43 billion yuan [33]

Group 1 - New Yi Sheng expects a net profit increase of 327.68%-385.47% for the first half of 2025, reaching between 37 billion to 42 billion yuan, driven by growth in AI-related computing power demand and product structure optimization [2][4] - Xinghui Entertainment plans to sell 99.66% of its stake in the Spanish club Espanyol for 1.3 billion euros, with half of the payment in cash and the other half in shares [3] - *ST Yushun intends to acquire 100% of three companies for a total of 33.5 billion yuan, aiming to diversify its business into data center infrastructure services and related products [4] Group 2 - Salted Fish plans to reduce its shareholding by up to 2.04%, with a major shareholder intending to sell 5,455,572 shares [5] - Lian Microelectronics expects a net loss of approximately 1.21 billion yuan for the first half of 2025 [6] - Meinian Health anticipates a net loss of 1.92 billion to 2.36 billion yuan for the first half of 2025, with revenue expected to decline by 0.12%-5.83% [7] Group 3 - Chengdi Xiangjiang forecasts a net profit of 28 million to 42 million yuan for the first half of 2025, marking a turnaround from a loss of 69.29 million yuan in the previous year [8] - Jinpu Titanium plans to acquire 100% of Nanjing Lide Oriental Rubber and Plastic Technology Co., Ltd., with stock resuming trading after the announcement [9] - Bohai Leasing expects a net loss of 1.8 billion to 2.4 billion yuan for the first half of 2025 due to goodwill impairment from a subsidiary's asset sale [10] Group 4 - Foton Motor anticipates a net profit increase of approximately 87.5% for the first half of 2025, reaching about 777 million yuan [11] - Shenwan Hongyuan expects a net profit growth of 92.66%-111.46% for the first half of 2025, estimating profits between 4.1 billion to 4.5 billion yuan [12] - Ganfeng Lithium predicts a net loss of 5.5 billion to 3 billion yuan for the first half of 2025, an improvement from a loss of 7.6 billion yuan in the previous year [13] Group 5 - Suzhou Planning intends to acquire 100% of Beijing Dongjin Aviation Technology Co., Ltd., with stock resuming trading after the announcement [14] - Xiangyang Bearing expects a net loss of approximately 13 million yuan for the first half of 2025, slightly worse than the previous year's loss [15] - Tianqi Lithium forecasts a net profit of 0 to 1.55 billion yuan for the first half of 2025, a significant improvement from a loss of 5.2 billion yuan in the previous year [16] Group 6 - Shandong Gold anticipates a net profit increase of 84.3%-120.5% for the first half of 2025, estimating profits between 2.55 billion to 3.05 billion yuan [17] - Yunnan Geology expects a net profit of 16 million to 23 million yuan for the first half of 2025, marking a turnaround from a loss in the previous year [18] - Four-dimensional Map expects a net loss of 319 million to 268 million yuan for the first half of 2025, with revenue growth of 3.07%-14.30% [19] Group 7 - Tangrenshen anticipates a net loss of 54 million to 69 million yuan for the first half of 2025, a significant decline from the previous year's profit [20] - Changbai Mountain expects a net loss of 2.58 million to 1.58 million yuan for the first half of 2025, with revenue decreasing by approximately 7.48% [21] - Jiu Gui Jiu predicts a net profit of 8 million to 12 million yuan for the first half of 2025, a decline of 90.08%-93.39% compared to the previous year [22] Group 8 - Hengsheng Electronics expects a net profit increase of 740.95% for the first half of 2025, estimating profits around 251 million yuan [23] - Qixia Construction anticipates a net profit of 5.5 million to 8 million yuan for the first half of 2025, driven by increased project completions [24] - Poly Development expects a net profit decrease of 63.15% for the first half of 2025, estimating profits around 27.35 billion yuan [25] Group 9 - Anyuan Coal anticipates a net loss of 259 million to 310 million yuan for the first half of 2025, worsening from the previous year's loss [26] - Zhonghua Equipment plans to acquire 100% of Yiyang Rubber Machine and Beihua Machine, with stock suspension expected for no more than 10 trading days [27] - Bayi Steel expects a net loss of 650 million to 700 million yuan for the first half of 2025, primarily due to weak market conditions [28] Group 10 - Yuegui Co. anticipates a net profit increase of 58.67%-77.12% for the first half of 2025, estimating profits between 215 million to 240 million yuan [29] - Dalian Friendship expects a net loss of 38 million to 30 million yuan for the first half of 2025, with revenue impacted by tax-related issues [30] - Hangfa Power expects a net profit decrease of 84.53%-86.55% for the first half of 2025, estimating profits around 80 million to 92 million yuan [31] Group 11 - Dongfang Zirconium anticipates a net profit increase of 141.77%-156.80% for the first half of 2025, estimating profits between 25 million to 34 million yuan [32] - Hangzhou Steel expects a net profit decrease of 2% from a major shareholder's planned reduction [33] - Jingao Technology predicts a net loss of 2.5 billion to 3 billion yuan for the first half of 2025, worsening from the previous year's loss [34] Group 12 - Shanshan Co. expects a net profit increase of 810.41%-1265.61% for the first half of 2025, estimating profits between 160 million to 240 million yuan [35] - Guocheng Mining anticipates a net profit increase of 1046.75%-1174.69% for the first half of 2025, estimating profits between 493 million to 548 million yuan [36] - Jindi Group expects a net loss of 3.4 billion to 4.2 billion yuan for the first half of 2025, with significant declines in revenue [37] Group 13 - Founder Securities anticipates a net profit increase of 70%-80% for the first half of 2025, estimating profits between 22.96 billion to 24.32 billion yuan [38] - Hasi Lian expects a net loss of 98 million to 80 million yuan for the first half of 2025, a significant decline from the previous year [39] - Lanhua Ketech expects a net profit decrease of 89.12%-92.75% for the first half of 2025, estimating profits between 40 million to 60 million yuan [40] Group 14 - Shanxi Securities anticipates a net profit increase of 58.17%-70.72% for the first half of 2025, estimating profits between 5.04 billion to 5.44 billion yuan [41] - Xinda Real Estate expects a net loss of 3.5 billion to 3.9 billion yuan for the first half of 2025, with significant declines in revenue [42] - Xiangcai Co. anticipates a net profit increase of 63.64%-118.19% for the first half of 2025, estimating profits between 12 million to 16 million yuan [43] Group 15 - Longi Green Energy expects a net loss of 2.4 billion to 2.8 billion yuan for the first half of 2025, despite an increase in sales volume [44] - Wentai Technology anticipates a net profit increase of 178%-317% for the first half of 2025, estimating profits between 390 million to 585 million yuan [45] - Ruida Futures expects a net profit increase of 50.56%-83.15% for the first half of 2025, estimating profits between 206 million to 251 million yuan [46] Group 16 - Debang Co. anticipates a net profit decrease of 84.26%-87.86% for the first half of 2025, estimating profits between 40 million to 52 million yuan [47] - Jin Yi Culture expects a net loss of 20 million to 32 million yuan for the first half of 2025, a significant decline from the previous year [48] - Hongdian Film expects a net profit increase of 103.55%-160.09% for the first half of 2025, estimating profits between 180 million to 230 million yuan [49] Group 17 - Qiaqia Food anticipates a net profit decrease of 71.05%-76.25% for the first half of 2025, estimating profits between 80 million to 97.5 million yuan [50] - Guotai Haitong expects a net profit increase of 205%-218% for the first half of 2025, estimating profits between 15.283 billion to 15.957 billion yuan [51] - Xining Special Steel expects a net loss of approximately 234 million yuan for the first half of 2025, with revenue impacted by low steel prices [52]

[Current Period Performance Forecast](index=1&type=section&id=I.%E3%80%81Current%20Period%20Performance%20Forecast) The company forecasts H1 2025 revenue of approximately 1.666 billion CNY, a 14.20% increase, while net loss attributable to shareholders is expected to be 121 million CNY, an 80.98% increase in loss, with EBITDA growing 16.94% to 471 million CNY Key Financial Performance Forecast for H1 2025 | Metric | H1 2025 (Forecast) (million CNY) | H1 2024 (Prior Period) (million CNY) | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue** | Approx. 1,666.00 | 1,458.86 | Approx. +14.20% | | **Net Profit Attributable to Shareholders** | Approx. -121.00 | -66.86 | Approx. +80.98% (Loss Widened) | | **Net Profit Attributable to Shareholders (Excl. Non-recurring Items)** | Approx. -120.00 | -41.59 | Approx. +188.52% (Loss Widened) | | **EBITDA** | Approx. 471.26 | 402.99 | Approx. +16.94% | [Prior Period Performance Review](index=2&type=section&id=II.%E3%80%81Prior%20Period%20Operating%20Performance%20and%20Financial%20Status) In H1 2024, the company achieved 1.459 billion CNY in operating revenue, with a net loss attributable to shareholders of 66.86 million CNY and EBITDA of 403 million CNY Key Financial Performance for H1 2024 | Metric | H1 2024 Performance | | :--- | :--- | | Operating Revenue | 1,458.86 million CNY | | Net Profit Attributable to Shareholders | -66.86 million CNY | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) | -41.59 million CNY | | EBITDA | 402.99 million CNY | | Earnings Per Share | -0.10 CNY/share | [Analysis of Forecasted Loss](index=2&type=section&id=III.%E3%80%81Main%20Reasons%20for%20Current%20Period%20Forecasted%20Loss) The expanded net loss is primarily due to increased depreciation from new production lines, significant inventory impairment provisions, and reduced profits from an acquired associate, despite sales growth in core products [Analysis of Main Business Impact](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89Main%20Business%20Impact) Core product sales, including semiconductor silicon wafers and power device chips, grew, but net profit was impacted by increased depreciation, significant inventory impairment, and reduced profits from an acquired associate Key Product Sales Performance | Product Category | Sales Volume (10k pieces) | YoY Change | QoQ Change | | :--- | :--- | :--- | :--- | | **Semiconductor Silicon Wafers (6-inch equivalent)** | 927.86 | +38.72% | +9.95% | | *Of which: 12-inch Silicon Wafers* | *81.15* | *+99.14%* | *+16.68%* | | **Semiconductor Power Device Chips** | 94.20 | +4.48% | +2.12% | | **Compound Semiconductor RF Chips** | 1.37 | -22.36% | -38.69% | - The decline in compound semiconductor RF chip sales is due to the company's proactive adjustment of sales structure, reducing sales of negative gross margin products, leading to an **18.96%** year-on-year increase in average selling price[14](index=14&type=chunk) - Three main reasons for the decline in net profit: - **Increased Depreciation and Amortization**: Production expansion projects led to an approximate **73.7 million CNY** year-on-year increase in depreciation and amortization costs[14](index=14&type=chunk) - **Inventory Impairment Provision**: Approximately **96 million CNY** in inventory impairment provision was recognized based on prudence principles[14](index=14&type=chunk) - **Acquisition Impact**: Acquisition of an associate by a subsidiary resulted in an approximate **17.86 million CNY** reduction in profit[14](index=14&type=chunk) [Impact of Non-Operating Gains and Losses](index=3&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89Impact%20of%20Non-Operating%20Gains%20and%20Losses) Non-recurring losses decreased by approximately 24.35 million CNY year-on-year, primarily due to reduced fair value changes in held listed company shares - Non-recurring losses attributable to shareholders decreased by approximately **24.35 million CNY** year-on-year, mainly due to reduced fair value changes in listed company shares held[15](index=15&type=chunk) [Risk Warning](index=3&type=section&id=IV.%E3%80%81Risk%20Warning) The company states that the performance forecast data is unaudited and contains no material uncertainties affecting its accuracy - The performance forecast data has not been audited by a certified public accountant[16](index=16&type=chunk) - The company declares no material uncertainties exist that would affect the accuracy of this performance forecast[16](index=16&type=chunk) [Other Disclosures](index=3&type=section&id=V.%E3%80%81Other%20Disclosures) The company emphasizes that the forecast data is preliminary, and final accurate financial data will be based on the official H1 2025 semi-annual report - The above forecast data is preliminary, and the final accurate financial data will be subject to the company's officially disclosed H1 2025 semi-annual report[17](index=17&type=chunk)

杭州立昂微电子股份有限公司 关于"立昂转债"预计满足转股价格修正条件的提示性公告 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。 | 证券代码：605358 | 证券简称：立昂微 | 公告编号：2025-032 | | --- | --- | --- | | 债券代码：111010 | 债券简称：立昂转债 | | 一、可转债发行上市概况 经中国证券监督管理委员会《关于核准杭州立昂微电子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]2345 号）核准，杭州立昂微电子股份有限公司（以下简称"公 司"）于2022年11月18日公开发行可转换公司债券33,900,000张，每张面值100元，发行总额人 民币339,000.00万元，期限6年（即2022年11月14日至2028年11月13日），债券票面年利率为： 第一年0.3%、第二年0.5%、第三年1.0%、第四年1.5%、第五年1.8%、第六年2.0%。经上海证券 交易所自律监管决定书[2022]326号文同意，公司339,000万元可转换公司债券于2022年1 ...

| 证券代码：605358 | 证券简称：立昂微 | 公告编号：2025-031 | | --- | --- | --- | | 债券代码：111010 | 债券简称：立昂转债 | | 杭州立昂微电子股份有限公司 可转债转股结果暨股份变动公告 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个别及连带责任。 重要内容提示： 累计转股情况："立昂转债"的转股期为 2023 年 5 月 18 日起至 2028 年 11 月 13 日。 截至 2025 年 6 月 30 日，累计已有 364,000 元"立昂转债"转换为公司股份，累计转股股数为 8,505 股，占"立昂转债"转股前公司已发行股份总额的 0.001%。 未转股可转债情况：截至2025年6月30日，"立昂转债"尚未转股金额为3,389,636,000 元，占可转债发行总量的 99.989%。 二、可转债本次转股情况 "立昂转债"的转股期间为 2023 年 5 月 18 日至 2028 年 11 月 13 日。自 2025 年 4 月 1 日至 2025 年 6 月 30 日期间，" ...

Core Viewpoint - The company has provided guarantees for its subsidiaries to meet their funding needs, totaling RMB 46,600 million for Zhejiang Jinruihong and RMB 8,000 million for other subsidiaries, with no counter-guarantees involved [1][4][10] Group 1: Guarantee Details - The company signed guarantee contracts with several banks, including Industrial Bank, Everbright Bank, and others, to support loans totaling RMB 46,600 million [1][9] - The guarantees are within the approved limit set by the company's board and shareholders, ensuring compliance with internal decision-making processes [2][10] - The total guarantee balance for the company’s subsidiaries amounts to RMB 326,497.24 million, which is 44.50% of the company's latest audited net assets [10] Group 2: Subsidiary Information - Zhejiang Jinruihong has total audited assets of RMB 382,363.73 million, with a net profit of RMB 9,156.54 million for the year 2024 [3] - Hangzhou Lianang Dongxin has total audited assets of RMB 234,211.24 million, but reported a net loss of RMB 2,628.90 million for the same period [5] - Hangzhou Lianang Semiconductor has total audited assets of RMB 56,311.81 million, with a net profit of -4.06 million [6] Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the subsidiaries' daily operations and business development, aligning with the company's overall interests and development plans [9][10] - The company maintains control over the subsidiaries, ensuring effective management and a manageable risk profile [9][10]

杭州立昂微电子股份有限公司 关于为控股子公司提供担保的进展公告 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个别及连带责任。 重要内容提示: | | | 一、担保情况概述 （一）担保事项说明 为满足生产经营等对资金的需求，浙江金瑞泓向兴业银行宁波分行、光大银行宁波分行、 浦发银行宁波分行分别申请借款 21,600 万元、15,000 万元、10,000 万元，立昂东芯向民生银 行杭州分行申请借款 5,000 万元，立昂半导体、金瑞泓半导体、金瑞泓昂芯分别向宁波银行杭 州分行申请借款 1,000 万元，公司近日与兴业银行宁波分行、光大银行宁波分行、浦发银行宁 1 被担保人名称：浙江金瑞泓科技股份有限公司（以下简称"浙江金瑞泓"）、杭州立昂 东芯微电子有限公司（以下简称"立昂东芯"）、杭州立昂半导体技术有限公司（以下 简称"立昂半导体"）、衢州金瑞泓半导体科技有限公司（以下简称"金瑞泓半导体"）、 金瑞泓昂芯微电子（嘉兴）有限公司（以下简称"金瑞泓昂芯"）。 本次担保金额及已实际为其提供的担保余额：公司本次为浙江金瑞泓提供的担保额度 为人 ...

| | | 杭州立昂微电子股份有限公司 关于嘉兴康晶清算进展暨子公司完成工商变更登记的公告 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个别及连带责任。 杭州立昂微电子股份有限公司（以下简称"公司"）于 2025 年 5 月 26 日召开第五届董事 会第九次会议，审议通过了《关于拟清算并注销嘉兴康晶半导体产业投资合伙企业（有限合伙） 的议案》。公司拟清算并注销嘉兴康晶半导体产业投资合伙企业（有限合伙）（以下简称"嘉兴 康晶"），嘉兴康晶将其持有的 41.3056%的金瑞泓微电子（嘉兴）有限公司股权，按照各合伙 人持有的基金财产份额的比例进行分配。具体内容详见公司于 2025 年 5 月 27 日披露的《立昂 微关于拟清算并注销嘉兴康晶的公告》（公告编号：2025-027）。 金瑞泓微电子（嘉兴）有限公司股权于近日完成了相关工商登记及《公司章程》备案手续， 并取得了由嘉兴市南湖区行政审批局换发的《营业执照》。现基本登记信息如下： 公司名称：金瑞泓微电子（嘉兴）有限公司 统一社会信用代码：91330402MA2BCG149P 类型：有限责 ...

Group 1 - The company, Hangzhou Lion Microelectronics Co., Ltd, has issued convertible bonds totaling 339 million RMB, with 3.39 million bonds at a face value of 100 RMB each [3][4][15] - The bonds have a maturity period of up to 6 years, with an interest rate that increases from 0.3% in the first year to 2.0% in the sixth year [4][6] - The initial conversion price for the bonds is set at 45.38 RMB per share, subject to adjustments based on various corporate actions [6][8] Group 2 - The company reported a significant decline in net profit for 2024, with a loss of 26.58 million RMB, a decrease of 504.18% compared to the previous year [18] - The total revenue for 2024 was 309.23 million RMB, reflecting a 14.97% increase from 2023 [18] - The company's total assets increased by 5.73% year-on-year, reaching 1.93 billion RMB by the end of 2024 [18] Group 3 - The company is engaged in the semiconductor industry, focusing on the research, production, and sales of semiconductor silicon wafers and power device chips [18] - The main applications of the company's products include 5G communication, automotive electronics, and artificial intelligence [18] - The company has faced challenges in project timelines due to external economic conditions, leading to delays in the construction of certain projects [21][22]

东方证券股份有限公司 （上海市黄浦区中山南路 119 号东方证券大厦） 二〇二五年六月 1 杭州立昂微电子股份有限公司 公开发行可转换公司债券 受托管理事务报告 （2024 年度） 债券受托管理人 股票简称：立昂微 股票代码：605358 债券简称：立昂转债 债券代码：111010 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、《杭州 立昂微电子股份有限公司与东方证券承销保荐有限公司关于向不特定对象发行 可转换公司债券之受托管理协议》（以下简称"《受托管理协议》"）、《杭州立昂微 电子股份有限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》"）、《杭州立昂微电子股份有限公司 2024 年年度报告》等相关公开信息披露 文件、第三方中介机构出具的专业意见等，由本期可转换公司债券受托管理人东 方证券股份有限公司（以下简称"东方证券"）编制。东方证券对本报告中所包 含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内容和信息 的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判 ...