广州洁特生物过滤股份有限公司 对外担保制度 第一章 总则 第一条 为维护广州洁特生物过滤股份有限公司(以下简称"公司")股东和投资 者的利益，规范公司的对外担保行为，控制公司资产运营风险，促进公司健康稳定地 发展，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国民法 典》（以下简称《民法典》）、《中华人民共和国证券法》《上市公司监管指引第 8 号—— 上市公司资金往来、对外担保的监管要求》等法律、法规、规范性文件的规定以及《广 州洁特生物过滤股份有限公司章程》（以下简称《公司章程》），制定本制度。 第二条 本制度所称对外担保是指公司以第三人身份为他人提供的信用保证、资 产抵押或质押及其他担保行为。具体种类包括但不限于借款担保、银行开立信用证和 银行承兑汇票及商业汇票、保函等。 公司及控股子公司的对外担保总额，是指包括公司对控股子公司担保在内的公司 对外担保总额与公司控股子公司对外担保额之和。 （四）公司全体董事及经营层应当审慎对待对外担保，严格控制对外担保产生的 债务风险，对任何强令公司为他人提供担保的行为应当予以拒绝； 第三条 公司及控股子公司对外担保由公司统一管理，未经公司股东会或董事 ...

Section I Definitions [Definitions of Common Terms](index=4&type=section&id=1.1%20Definitions%20of%20Common%20Terms) This section defines common terms used in the report, including company names, biological laboratory consumables, and financial and legal concepts, ensuring clarity and accuracy - Company and its main subsidiaries and associated companies: Guangzhou Jet Biofil Filtration Co., Ltd., Guangzhou Biofil Air Purification Materials Co., Ltd., Guangzhou Jet Investment Co., Ltd., Jet Life Sciences (Guangzhou) Co., Ltd., Jet Life Sciences (Shanghai) Co., Ltd., Guangzhou Jet Testing Technology Service Co., Ltd., Guangzhou Huangpu District Bay Area Entrepreneurship Service Center Co., Ltd., JET LIFE SCIENCES CO. INC. (Jet USA), Jet Life Sciences GmbH (Jet Germany), LabCart GmbH, Jet Science (Hong Kong) Co., Ltd., Guangzhou Jet Packaging Materials Co., Ltd., Guangzhou Jet Medical Packaging Co., Ltd., Zhongshan Jet Purification Engineering Co., Ltd., Guangzhou BGI Jet Bio-Technology Co., Ltd., Guangzhou Lanbo Biotechnology Co., Ltd., Guangzhou Bostar Controlled Release Pharmaceutical Co., Ltd., Zhuhai Kairui Biotechnology Co., Ltd.[8](index=8&type=chunk) - Biological laboratory consumables related terms: Pipettes, cell culture plates/flasks/dishes, centrifuge tubes, tips, ultrafiltration concentrators, filters, PET polyester membrane, cell scrapers, ELISA plates, PCR tubes, filter membrane types (MCE, NYLON, PVDF, PES, CA), ELISA, general purpose polystyrene (GPPS), polypropylene (PP), polyethylene (PE), filter membrane, ODM, hydrophilicity, hydrophobicity, adherent cells, assisted reproductive technology, cell therapy, GMP, cell culture slides, 3D printing technology, modification technology, plasma, contact angle.[8](index=8&type=chunk)[9](index=9&type=chunk) - Financial and legal terms: CSRC, SSE, Sponsor, Articles of Association, yuan/10,000 yuan, Current Reporting Period, A-shares, Convertible Bonds, Company Law, Securities Law.[9](index=9&type=chunk) Section II Company Profile and Key Financial Indicators [Company Basic Information](index=6&type=section&id=2.1%20Company%20Basic%20Information) This section outlines the company's basic registration information, including its Chinese name, abbreviation, foreign name, legal representative, registered and office addresses, website, and email - Company Chinese name: Guangzhou Jet Biofil Filtration Co., Ltd., Chinese abbreviation: Jet Biofil.[11](index=11&type=chunk) - Legal Representative: Yuan Jianhua.[11](index=11&type=chunk) - Registered and Office Address: No. 1 Doutang Road, Yonghe Economic Zone, Guangzhou Economic and Technological Development Zone.[11](index=11&type=chunk) - Company Website: http://www.jetbiofil.com, Email: jetzqb@jetbiofil.com.[11](index=11&type=chunk) [Contact Person and Contact Information](index=6&type=section&id=2.2%20Contact%20Person%20and%20Contact%20Information) This section provides contact information for the company's Board Secretary (domestic representative for information disclosure) and Securities Affairs Representative, including name, address, phone, fax, and email - Board Secretary (domestic representative for information disclosure): Yuan Jianhua (acting), Contact Number: 020-32811868, Email: jetzqb@jetbiofil.com.[12](index=12&type=chunk) - Securities Affairs Representative: Xing Wanfang, Contact Number: 020-32811868, Email: jetzqb@jetbiofil.com.[12](index=12&type=chunk) [Information Disclosure and Location Change Briefing](index=6&type=section&id=2.3%20Information%20Disclosure%20and%20Location%20Change%20Briefing) This section specifies the company's designated newspapers for information disclosure, the website for semi-annual reports, and the report's availability location - Company's selected newspapers for information disclosure: "China Securities Journal", "Shanghai Securities News", "Securities Times", "Securities Daily".[13](index=13&type=chunk) - Website address for semi-annual reports: www.sse.com.cn.[13](index=13&type=chunk) - Location for company's semi-annual reports: Company Securities Department.[13](index=13&type=chunk) [Company Stock/Depositary Receipt Summary](index=6&type=section&id=2.4%20Company%20Stock%2FDepositary%20Receipt%20Summary) This section provides basic information about the company's stock, including the listing exchange, board, stock abbreviation, and code - Stock Type: A-shares.[14](index=14&type=chunk) - Stock Listing Exchange and Board: Shanghai Stock Exchange STAR Market.[14](index=14&type=chunk) - Stock Abbreviation: Jet Biofil, Stock Code: 688026.[14](index=14&type=chunk) [Company's Key Accounting Data and Financial Indicators](index=6&type=section&id=2.5%20Company%27s%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company achieved significant growth in operating revenue, total profit, net profit attributable to shareholders, and non-recurring net profit attributable to shareholders, with a substantial increase in net cash flow from operating activities and steady growth in net and total assets 2025 Semi-Annual Key Accounting Data Comparison | Indicator | Current Period (Jan-Jun) | Prior Period | Period-on-Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (million yuan) | 268.14 | 236.25 | 13.50 | | Total Profit (million yuan) | 53.34 | 36.66 | 45.52 | | Net Profit Attributable to Shareholders of Listed Company (million yuan) | 46.34 | 30.00 | 54.46 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses (million yuan) | 42.92 | 25.39 | 69.06 | | Net Cash Flow from Operating Activities (million yuan) | 84.17 | 15.47 | 444.19 | | Net Assets Attributable to Shareholders of Listed Company (End of Period, million yuan) | 1,226.22 | 1,189.78 | 3.06 | | Total Assets (End of Period, million yuan) | 1,732.47 | 1,702.02 | 1.79 | 2025 Semi-Annual Key Financial Indicators Comparison | Indicator | Current Period (Jan-Jun) | Prior Period | Period-on-Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.34 | 0.23 | 47.83 | | Diluted Earnings Per Share (yuan/share) | 0.34 | 0.23 | 47.83 | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (yuan/share) | 0.31 | 0.20 | 55.00 | | Weighted Average Return on Net Assets (%) | 3.83 | 2.59 | Increased by 1.24 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 3.54 | 2.19 | Increased by 1.35 percentage points | | R&D Investment as Percentage of Operating Revenue (%) | 4.96 | 5.62 | Decreased by 0.66 percentage points | - Operating revenue, total profit, net profit attributable to shareholders, and non-recurring net profit attributable to shareholders increased primarily due to higher sales revenue and improved gross margin in the reporting period.[17](index=17&type=chunk) - Net cash flow from operating activities increased by **444.19%** year-on-year, mainly due to the collection of accounts receivable from overseas business in the current period, which was previously delayed due to changes in the audit method of the collection bank in Q4 2024.[18](index=18&type=chunk) - R&D investment as a percentage of operating revenue decreased by **0.66 percentage points** year-on-year, mainly due to faster revenue growth in the reporting period.[18](index=18&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=2.6%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **3.42 million yuan**, primarily from government grants, fair value changes of financial assets, and entrusted investment gains/losses 2025 Semi-Annual Non-Recurring Gains and Losses Items | Non-Recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Government Grants Recognized in Current Period Profit/Loss | 1,290,704.66 | | Gains/Losses from Changes in Fair Value of Financial Assets/Liabilities Held by Non-Financial Enterprises and from Disposal of Financial Assets/Liabilities | 732,534.53 | | Gains/Losses from Entrusted Investments or Asset Management | 1,958,034.73 | | Other Non-Operating Income and Expenses Apart from the Above | 75,622.15 | | Less: Income Tax Impact | 632,785.68 | | Impact on Minority Interests (After Tax) | 1,788.18 | | **Total** | **3,422,322.21** | Section III Management Discussion and Analysis [Overview of Industry and Main Business in Reporting Period](index=9&type=section&id=3.1%20Overview%20of%20Industry%20and%20Main%20Business%20in%20Reporting%20Period) The company specializes in R&D, production, and sales of disposable plastic consumables for biological laboratories, serving the biological experiment and biopharmaceutical sectors, with a leading position in the domestic market and international partnerships - Company's industry belongs to "C29 Rubber and Plastic Products Manufacturing" and "Other Biomedical Materials and Products Manufacturing", with main products being disposable plastic consumables for biological laboratories.[24](index=24&type=chunk) - In 2024, the global life science laboratory consumables market reached **$22.7 billion**, with an estimated CAGR of approximately **9.8%** until 2030; in 2023, the Chinese market reached **46.3 billion yuan**, with a CAGR of **13.5%**, exceeding the global average.[24](index=24&type=chunk)[25](index=25&type=chunk) - The domestic market shows demand for import substitution driven by supply chain autonomy, and the company, as the "first stock of domestic consumables," holds a significant brand advantage.[25](index=25&type=chunk)[26](index=26&type=chunk) - The company's main business includes two major categories of biological laboratory consumables: biological culture and liquid handling, involving over a thousand products such as cell culture plates, pipettes, and tips.[27](index=27&type=chunk)[28](index=28&type=chunk)[30](index=30&type=chunk) - The company's operating model includes: raw material procurement (partially imported, partially localized, OEM procurement), production (domestic sales "safety stock", export "production-on-demand"), sales (domestic distribution/direct sales, overseas ODM-led/distribution/direct sales), and R&D (primarily independent R&D, with external collaborations).[30](index=30&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) [Industry Overview in Reporting Period](index=9&type=section&id=3.1.1%20Industry%20Overview%20in%20Reporting%20Period) The company's primary products are disposable plastic consumables for biological laboratories, operating within the "C29 Rubber and Plastic Products Manufacturing" and "Other Biomedical Materials and Products Manufacturing" sectors, with the Chinese market showing strong growth and a trend towards domestic substitution - Company's industry belongs to "C29 Rubber and Plastic Products Manufacturing" and "Other Biomedical Materials and Products Manufacturing".[24](index=24&type=chunk) - In 2024, the global life science laboratory consumables market reached **$22.7 billion**, with an estimated CAGR of approximately **9.8%** until 2030.[24](index=24&type=chunk) - In 2023, the Chinese life science laboratory consumables market reached **46.3 billion yuan**, with a CAGR of **13.5%**, exceeding the global average, though foreign enterprises still dominate.[25](index=25&type=chunk) - The global market is primarily monopolized by giants such as Thermo Fisher Scientific Inc., Corning Incorporated, VWR, and Merck, while the domestic market shows demand for import substitution.[25](index=25&type=chunk) - The company is one of the leading domestic enterprises in biological laboratory consumables, particularly strong in liquid handling and cell culture consumables, collaborating with international giants through ODM, with some products meeting international standards.[26](index=26&type=chunk)[27](index=27&type=chunk) [Company's Main Business Operations in Reporting Period](index=10&type=section&id=3.1.2%20Company%27s%20Main%20Business%20Operations%20in%20Reporting%20Period) The company aims to provide comprehensive biological laboratory solutions, focusing on two main categories of disposable plastic consumables: biological culture and liquid handling, complemented by reagents and small laboratory instruments - The company's main business and products include biological culture (e.g., cell culture plates, 3D cell culture scaffolds) and liquid handling (e.g., pipettes, superhydrophobic tips), as well as other categories like ELISA plates and PCR tubes, involving over a thousand products.[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk) - Procurement model: Polymer materials are partially imported and partially localized; auxiliary materials combine self-supply and external procurement; some products are OEM procured.[30](index=30&type=chunk)[31](index=31&type=chunk) - Production model: Domestic sales business adopts a "safety stock" approach; export business adopts a "production-on-demand" approach.[31](index=31&type=chunk) - Sales model: Domestic sales are primarily through distribution and direct sales; overseas markets are mainly ODM sales, supplemented by distribution and direct sales.[32](index=32&type=chunk) - R&D model: Primarily independent R&D, while also leveraging external scientific research capabilities through technical cooperation with universities and research institutes.[32](index=32&type=chunk) [Discussion and Analysis of Operations](index=12&type=section&id=3.2%20Discussion%20and%20Analysis%20of%20Operations) In the first half of 2025, the company's operating revenue grew by **13.50%** to **268.14 million yuan**, net profit attributable to shareholders increased by **54.46%** to **46.34 million yuan**, and non-recurring net profit attributable to shareholders rose by **69.06%** to **42.92 million yuan**, driven by customer pre-stocking and cost reduction efforts 2025 First Half Key Operating Performance | Indicator | Amount (million yuan) | Year-on-Year Growth (%) | | :--- | :--- | :--- | | Operating Revenue | 268.14 | 13.50 | | Net Profit Attributable to Shareholders of Listed Company | 46.34 | 54.46 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 42.92 | 69.06 | - Performance growth is mainly due to some customers pre-stocking in anticipation of the company's factory relocation and to mitigate the impact of China-US trade frictions.[33](index=33&type=chunk) - As of June 30, 2025, the company's total assets were **1,732.47 million yuan**, total liabilities **497.90 million yuan**, total owner's equity **1,234.57 million yuan**, with an asset-liability ratio of **28.74%**, indicating a healthy financial position.[33](index=33&type=chunk) - Management improvement: Enhanced per capita output, raw material utilization efficiency, and unit freight costs through increased production automation and implementation of cost reduction and efficiency improvement management systems, effectively controlling costs.[33](index=33&type=chunk) - Technology and product R&D: Increased R&D investment in life science products, developing new products for cell therapy, biopharmaceuticals, IVD, and vaccine R&D, with **23 patent applications** and **15 granted patents** in the reporting period.[34](index=34&type=chunk)[35](index=35&type=chunk) - Market expansion: Deepened strategic cooperation with existing customers, improved or newly developed **13 series** of **56 specifications** of products; actively expanded domestic, European, and Asia-Pacific markets, adding **623 new customers**.[35](index=35&type=chunk) - Investor rights protection: Completed 2024 equity distribution, distributing **10.05 million yuan** in cash dividends, accounting for **13.92%** of 2024 net profit attributable to shareholders; engaged in in-depth communication with investors through performance briefings and e-interaction platforms.[35](index=35&type=chunk)[36](index=36&type=chunk) [Analysis of Core Competitiveness in Reporting Period](index=13&type=section&id=3.3%20Analysis%20of%20Core%20Competitiveness%20in%20Reporting%20Period) Leveraging years of experience in life science products, the company has developed nine core advantages—R&D, product categories, production capacity, qualifications, quality control, cost control, customer resources, marketing network, and brand effect—positioning it as a leader in the domestic market and competitive internationally - R&D advantage: Possesses a stable R&D team and a CNAS-accredited laboratory, with **255 patents** accumulated as of June 30, 2025 (including **37 invention patents**), recognized as a national "specialized, refined, unique, and new" "little giant" enterprise.[37](index=37&type=chunk) - Comprehensive product category advantage: Product system covers **7 major categories** including cell culture, liquid handling, filtration, and molecular detection, also offering reagents, instruments, cleanroom renovation, and testing services, aiming to provide comprehensive biological laboratory solutions.[38](index=38&type=chunk)[39](index=39&type=chunk) - Production capacity advantage: Owns a **65,000m² GMP-grade** clean production workshop, with further capacity expansion after the Zengcheng factory's full operation in 2025, making it one of the largest enterprises in the domestic industry.[39](index=39&type=chunk) - Qualification and certification advantage: Products use medical-grade polymer materials, passing multiple domestic and international certifications such as ISO9001, ISO13485, 3C, TUV, CE, ISO15378, and possessing approximately **13,000m² GMP standard workshops**.[40](index=40&type=chunk)[41](index=41&type=chunk) - Cost control advantage: Effectively controls production costs through strategic raw material procurement, automated production lines, and per capita output management, offering high-cost performance products.[41](index=41&type=chunk)[42](index=42&type=chunk) - Core technologies: Polymer material modification technologies (plasma treatment, plasma-induced grafting, temperature-sensitive modification of polymer materials) and polymer material processing technologies (high-precision injection molding, high-speed high-precision extrusion molding, automated pipette production, automated assembly of plastic product filter membranes).[45](index=45&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk) - R&D investment: Current period expensed R&D investment was **13.31 million yuan**, a slight year-on-year increase of **0.28%**; R&D investment as a percentage of operating revenue was **4.96%**, a year-on-year decrease of **0.66 percentage points**.[54](index=54&type=chunk) - R&D projects: Including 17 projects such as vaccine concentration ultrafiltration membrane packs for separation processes, sterilization filter series, bioprocess isolation bag series, nitrocellulose membranes for immunodiagnostics, mycoplasma filters, pre-filters, microporous filter membranes, breathable membrane-based culture flasks, cell culture bags, cell cryopreservation bags, dual-arm cell culture flasks, IVF dedicated oocyte retrieval needles, aseptic transfer cap closed transfer technology and products, chamber slides, baffled large-volume culture shaker flasks, high-centrifugal force centrifuge tube series, and 96-well UV culture plate product development, with an estimated total investment of **73.70 million yuan** and a current period investment of **12.79 million yuan**.[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk)[60](index=60&type=chunk) [Core Competitiveness Analysis](index=13&type=section&id=3.3.1%20Core%20Competitiveness%20Analysis) The company has established nine core advantages—R&D, comprehensive product categories, production capacity, qualifications, quality control, cost control, customer resources, marketing network, and brand effect—through years of accumulation in life science products, ensuring its leading position domestically and competitiveness internationally - R&D advantage: Possesses a stable R&D team and CNAS-accredited laboratory, with **255 patents** accumulated as of June 30, 2025 (including **37 invention patents**), recognized as a national "specialized, refined, unique, and new" "little giant" enterprise.[37](index=37&type=chunk) - Comprehensive product category advantage: Product system covers cell culture, liquid handling, filtration, molecular detection, etc., across **7 major categories**, and provides reagents, instruments, cleanroom renovation, and testing services, committed to offering comprehensive biological laboratory solutions.[38](index=38&type=chunk)[39](index=39&type=chunk) - Production capacity advantage: Owns a **65,000m² GMP-grade** clean production workshop, with further capacity expansion after the Zengcheng factory's full operation in 2025, making it one of the largest enterprises in the domestic industry.[39](index=39&type=chunk) - Qualification and certification advantage: Products use medical-grade polymer materials, passing multiple domestic and international certifications such as ISO9001, ISO13485, 3C, TUV, CE, ISO15378, and possessing approximately **13,000m² GMP standard workshops**.[40](index=40&type=chunk)[41](index=41&type=chunk) - Cost control advantage: Effectively controls production costs through strategic raw material procurement, automated production lines, and per capita output management, offering high-cost performance products.[41](index=41&type=chunk)[42](index=42&type=chunk) - Customer resource advantage: Products are sold to dozens of countries and regions including Europe and America, establishing close cooperative relationships with internationally renowned comprehensive service providers of biological laboratory supplies; domestic customers include universities, research institutions, medical institutions, and pharmaceutical companies.[42](index=42&type=chunk) - Marketing network advantage: Extensive domestic and international sales network, with ODM customers and distributors internationally, and **12 offices** and dozens of distributors domestically, supported by an intelligent warehousing and logistics distribution system.[42](index=42&type=chunk) - Brand effect advantage: As one of the earliest enterprises to produce life science products domestically, it holds a leading position in the segmented industry, with BIOFILJET and BIOFIL trademarks included in Guangdong Province's key trademark protection list.[43](index=43&type=chunk)[44](index=44&type=chunk) [Core Technologies and R&D Progress](index=16&type=section&id=3.3.2%20Core%20Technologies%20and%20R%26D%20Progress) The company's core technology system focuses on polymer material modification and processing, supporting over a thousand products in biological culture and liquid handling, with continuous R&D investment in cutting-edge biopharmaceutical fields and numerous patent achievements - Core technology system: Polymer material modification technologies (plasma treatment, plasma-induced grafting, temperature-sensitive modification of polymer materials) and polymer material processing technologies (high-precision injection molding, high-speed high-precision extrusion molding, automated pipette production, automated assembly of plastic product filter membranes).[45](index=45&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk) - R&D achievements: **23 patent applications** and **15 granted patents** in the reporting period; accumulated **343 patent applications** and **255 granted patents** (including **37 invention patents**).[51](index=51&type=chunk)[52](index=52&type=chunk) - New products launched: Reagent bottles, shaker flask closed systems (125-1000mL), contact dishes, centrifuge tube racks, etc.[50](index=50&type=chunk) 2025 Semi-Annual R&D Investment | Indicator | Current Period Amount (yuan) | Prior Period Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Expensed R&D Investment | 13,311,672.70 | 13,274,839.95 | 0.28 | | Total R&D Investment as Percentage of Operating Revenue (%) | 4.96 | 5.62 | Decreased by 0.66 percentage points | - R&D projects: Including 17 projects such as vaccine concentration ultrafiltration membrane packs for separation processes, sterilization filter series, bioprocess isolation bag series, nitrocellulose membranes for immunodiagnostics, mycoplasma filters, pre-filters, microporous filter membranes, breathable membrane-based culture flasks, cell culture bags, cell cryopreservation bags, dual-arm cell culture flasks, IVF dedicated oocyte retrieval needles, aseptic transfer cap closed transfer technology and products, chamber slides, baffled large-volume culture shaker flasks, high-centrifugal force centrifuge tube series, and 96-well UV culture plate product development, with an estimated total investment of **73.70 million yuan** and a current period investment of **12.79 million yuan**.[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk)[60](index=60&type=chunk) - R&D personnel: Current period R&D personnel totaled **145**, accounting for **14.65%** of total employees, including **4 PhDs**, **17 Masters**, and **44 Bachelors**.[62](index=62&type=chunk) [Risk Factors](index=24&type=section&id=3.4%20Risk%20Factors) The company faces multiple risks including trade protectionism in overseas markets, exchange rate fluctuations, rising raw material prices, potential overcapacity, and market expansion falling short of expectations, which could adversely affect its operating performance and profitability - Overseas market risk: In the first half of 2025, overseas market revenue accounted for **62.83%** of main business revenue, with the US market exceeding **30%**. International trade protectionism and tariff policies may pose risks to performance.[63](index=63&type=chunk) - Exchange rate fluctuation risk: Export revenue is primarily denominated in US dollars, and fluctuations in the RMB-USD exchange rate may adversely affect operating performance.[63](index=63&type=chunk) - Raw material price fluctuation risk: Prices of main raw materials (GPPS, PP, PE) are closely related to oil prices, and price increases will directly impact product costs and profitability.[64](index=64&type=chunk) - Overcapacity risk: If the company's order growth does not match capacity expansion, it could lead to overcapacity and fierce price competition in the industry.[64](index=64&type=chunk) - Market expansion falling short of expectations risk: The domestic life science consumables market is still dominated by imported brands, and the company may not be able to rapidly expand its domestic market share.[65](index=65&type=chunk) [Major Operating Conditions in Reporting Period](index=25&type=section&id=3.5%20Major%20Operating%20Conditions%20in%20Reporting%20Period) This section analyzes the changes in financial statement items, the impact of non-main business on profit, asset and liability status, investment, and the operating performance of major subsidiaries and associated companies 2025 Semi-Annual Financial Statement Item Fluctuation Analysis | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 13.50 | Customer pre-stocking | | Operating Cost | 4.54 | Decrease in procurement prices of main raw materials | | Taxes and Surcharges | 59.25 | Increase in urban construction tax and education surcharge | | Selling Expenses | 8.82 | Increased remuneration for sales personnel recruited for overseas business expansion | | Administrative Expenses | 21.68 | Increased remuneration for newly introduced senior management personnel | | Financial Expenses | 13.55 | Annual increase in interest rate of existing convertible bonds | | R&D Expenses | 0.28 | Remained stable | | Other Income | -51.89 | Decrease in government grants | | Investment Income | 458.94 | Growth in structured deposit wealth management income | | Fair Value Change Gains | N/A | Fair value changes in foreign exchange swap business | | Credit Impairment Losses | 104.29 | Decrease in bad debt losses | | Asset Impairment Losses | N/A | Receipt of settlement funds and provision for impairment of fixed assets and inventory | | Asset Disposal Gains | -100.00 | Fixed asset disposal gains in prior period | | Non-Operating Income | 2,064.59 | Increase from clearing long-outstanding accounts | | Non-Operating Expenses | -56.35 | Interest paid to Jinbang Shares in prior period | | Net Cash Flow from Operating Activities | 444.19 | Collection of overseas accounts receivable in current period | | Net Cash Flow from Investing Activities | N/A | Purchase of bank wealth management products | | Net Cash Flow from Financing Activities | N/A | Repurchase of shares in prior period | - Asset and liability status: Significant increases in prepayments, other receivables, construction in progress, and other non-current assets; decreases in financial assets held for trading, employee benefits payable, taxes payable, non-current liabilities due within one year, and other current liabilities.[72](index=72&type=chunk)[73](index=73&type=chunk) - Overseas assets: Overseas assets totaled **15.61 million yuan**, accounting for **0.90%** of total assets.[73](index=73&type=chunk) - Major restricted assets: Monetary funds of **186.42 million yuan** were restricted, mainly for time deposits and guarantees.[75](index=75&type=chunk) - External equity investment: Increased capital by **15 million yuan** in wholly-owned subsidiary Jet Life Sciences (Guangzhou) during the reporting period.[77](index=77&type=chunk) - Private equity investment funds: Investment of **15 million yuan** in the reporting period, with a planned external investment of **25 million yuan** to establish Guangzhou Zengcheng District Nante Biomedical Investment Partnership (Limited Partnership).[78](index=78&type=chunk)[79](index=79&type=chunk) - Major subsidiaries and associated companies: Biofil's operating profit and net profit significantly exceeded operating revenue in the current period, mainly due to the receipt of **6.47 million yuan** in settlement funds from the Shandong Darong case.[80](index=80&type=chunk) Section IV Corporate Governance, Environment and Social [Changes in Directors, Supervisors, Senior Management, and Core Technical Personnel](index=30&type=section&id=4.1%20Changes%20in%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) During the reporting period, there were no changes in the company's directors, supervisors, senior management, and core technical personnel, maintaining the stability of the management team - No changes in the company's directors, supervisors, senior management, and core technical personnel during the reporting period.[83](index=83&type=chunk) [Profit Distribution or Capital Reserve Conversion Plan](index=30&type=section&id=4.2%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company did not formulate a profit distribution or capital reserve conversion plan for the semi-annual period - The proposed semi-annual profit distribution plan or capital reserve conversion plan is "No".[83](index=83&type=chunk) [Company Equity Incentive Plan, Employee Stock Ownership Plan, or Other Employee Incentive Measures and Their Impact](index=30&type=section&id=4.3%20Company%20Equity%20Incentive%20Plan%2C%20Employee%20Stock%20Ownership%20Plan%2C%20or%20Other%20Employee%20Incentive%20Measures%20and%20Their%20Impact) The company's 2021 Restricted Stock Incentive Plan continues to be implemented, with the third lifting of restrictions for the first vesting period of the initial grant portion expiring during the reporting period, resulting in 44,822 restricted shares held by 8 incentive recipients being lifted and listed for trading - The third lifting of restrictions for the first vesting period of the initial grant portion of the company's 2021 Restricted Stock Incentive Plan expired.[86](index=86&type=chunk) - **44,822 restricted shares** held by **8 incentive recipients** have been lifted and listed for trading on July 11, 2025.[86](index=86&type=chunk) Section V Important Matters [Fulfillment of Commitments](index=33&type=section&id=5.1%20Fulfillment%20of%20Commitments) During the reporting period, the company's actual controller, shareholders, related parties, and the company itself strictly fulfilled all public commitments, including share lock-up, truthfulness of information disclosure, avoidance of horizontal competition, return enhancement measures, and compensation for unfiled leased properties - Controlling shareholder, actual controller and their relatives, former and current senior management strictly adhered to share lock-up commitments, including a minimum reduction price not lower than the issue price, and annual share transfers not exceeding **25%** during their tenure.[89](index=89&type=chunk)[90](index=90&type=chunk) - The company, controlling shareholder, actual controller, all directors, supervisors, and senior management committed to the truthfulness, accuracy, and completeness of the prospectus and other information disclosure materials, and to bear corresponding legal responsibilities.[91](index=91&type=chunk)[92](index=92&type=chunk) - The actual controller committed not to engage in or participate in any business that competes with the company's main business, and to ensure close relatives comply.[92](index=92&type=chunk)[93](index=93&type=chunk) - The company, controlling shareholder, actual controller, directors, and senior management committed to taking measures to enhance immediate returns and to bear compensation liabilities for breach of commitments.[95](index=95&type=chunk)[96](index=96&type=chunk)[97](index=97&type=chunk) - The controlling shareholder and actual controller committed to fully compensate the company and its subsidiaries for any losses incurred due to administrative penalties resulting from unfiled lease registration for leased properties.[94](index=94&type=chunk) - All commitments were fulfilled promptly and strictly, with no instances of failure to fulfill them in a timely manner.[89](index=89&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk)[92](index=92&type=chunk)[93](index=93&type=chunk)[94](index=94&type=chunk)[95](index=95&type=chunk)[96](index=96&type=chunk)[97](index=97&type=chunk) [Major Litigation and Arbitration Matters](index=42&type=section&id=5.2%20Major%20Litigation%20and%20Arbitration%20Matters) During the reporting period, the company was involved in two major litigation/arbitration cases: a contract dispute with Shanghai Deyou Electronic Technology Co., Ltd. (under second-instance review) and a mold procurement contract dispute with Shenzhen Hesheng Medical Technology Co., Ltd. (first-instance judgment revoked and remanded for retrial) - Contract dispute with Shanghai Deyou Electronic Technology Co., Ltd.: Case amount **19.83 million yuan**. First-instance judgment ordered termination of contract, Deyou to refund **18.44 million yuan** and pay **0.92 million yuan** in liquidated damages, with Liu Keping bearing joint and several liability. Deyou has appealed, and the second-instance is currently under review.[141](index=141&type=chunk)[142](index=142&type=chunk) - Mold procurement contract dispute with Shenzhen Hesheng Medical Technology Co., Ltd.: Company sought refund of **10.34 million yuan** and compensation for losses of **0.64 million yuan**; Hesheng Medical counter-sued for remaining contract price of **8.83 million yuan** plus overdue interest, and acceptance of 5 sets of molds with payment of **1.51 million yuan** contract price plus overdue interest. Second-instance ruling revoked the first-instance judgment and remanded for retrial, which has now commenced.[140](index=140&type=chunk)[141](index=141&type=chunk) - Hesheng Medical applied for property preservation, resulting in the freezing of **11.47 million yuan** of the company's funds, which were later replaced by time deposits.[100](index=100&type=chunk) - Litigation with Shandong Darong New Material Co., Ltd.: A settlement was reached with Shandong Darong, which refunded **6.47 million yuan**, and the related lawsuit was withdrawn and closed, with the company's frozen funds released.[100](index=100&type=chunk) [Major Related Party Transactions](index=43&type=section&id=5.3%20Major%20Related%20Party%20Transactions) During the reporting period, the company engaged in related party transactions for disinfection services with BGI Jet and projected its 2025 annual ordinary related party transaction amount, also recognizing lease income from various related parties as a lessor - Related party transactions related to ordinary operations: BGI Jet provided disinfection services to the company, with a current period transaction amount of **2.67 million yuan** (including tax).[137](index=137&type=chunk) - Estimated 2025 annual ordinary related party transactions: Ordinary related party transactions with BGI Jet are estimated at **11.50 million yuan**.[101](index=101&type=chunk) Company as Lessor Related Lease Situations | Lessee Name | Type of Leased Asset | Lease Income Recognized in Current Period (yuan) | | :--- | :--- | :--- | | Guangzhou Tuozhan Investment Management Co., Ltd. | Buildings | 2,939.45 | | Guangzhou Luogang Huizi Investment Management Partnership (Limited Partnership) | Buildings | 2,939.45 | | Guangdong Jieke Membrane Separation Technology Co., Ltd. | Buildings | 3,275.22 | | Guangzhou BGI Jet Bio-Technology Co., Ltd. | Buildings | 660,945.24 | | Guangzhou BGI Jet Bio-Technology Co., Ltd. | Disinfection Facilities | 132,623.01 | | Guangzhou Jet Comprehensive Clinic Co., Ltd. | Buildings | 50,164.41 | | **Total** | **/** | **852,886.78** | - Related party transactions not disclosed in temporary announcements: The company, as lessor, leased office or business premises to Guangzhou Tuozhan Investment Management Co., Ltd., Guangzhou Luogang Huizi Investment Management Partnership (Limited Partnership), Guangdong Jieke Membrane Separation Technology Co., Ltd., and Guangzhou Jet Comprehensive Clinic Co., Ltd., with a total lease income of **0.06 million yuan** in the current period.[104](index=104&type=chunk) [Major Contracts and Their Fulfillment](index=45&type=section&id=5.4%20Major%20Contracts%20and%20Their%20Fulfillment) During the reporting period, the company was primarily involved in two major construction contracts and several lease agreements; the intelligent warehousing and logistics project with Beijing Institute of Automation has been accepted and settled, while the cleanroom renovation project with Guangzhou Jet Purification Technology Co., Ltd. is completed but not yet accepted - Contracting situation: The intelligent warehousing and logistics project contract for Jet Life Sciences (Guangzhou) Industrial Park with Beijing Institute of Automation Technology Development Co., Ltd., totaling **29.13 million yuan**, was accepted and settled in February 2025.[107](index=107&type=chunk) - Contracting situation: The cleanroom renovation project contract for Jet Life Sciences (Guangzhou) Industrial Park Intelligent Manufacturing and Intelligent Warehousing Construction Project (Phase I) with controlling subsidiary Guangzhou Jet Purification Technology Co., Ltd., totaling **29.18 million yuan**, is completed but not yet accepted.[108](index=108&type=chunk) - Leasing situation: The company leases multiple warehouses and office spaces, with major lease contracts exceeding **500,000 yuan** totaling **13.61 million yuan**.[110](index=110&type=chunk) [Progress of Raised Funds Utilization](index=47&type=section&id=5.5%20Progress%20of%20Raised%20Funds%20Utilization) The company's net proceeds from convertible bonds amounted to **432.49 million yuan**, with a cumulative investment of **185.93 million yuan** as of the end of the reporting period, representing a progress of **42.26%** - Net proceeds from raised funds: The company's net proceeds from convertible bonds, after deducting issuance expenses, amounted to **432.49 million yuan**.[112](index=112&type=chunk) - Cumulative investment: As of the end of the reporting period, the cumulative total investment of raised funds was **185.93 million yuan**, with an investment progress of **42.26%**.[113](index=113&type=chunk) Details of Raised Funds Investment Projects | Project Name | Planned Total Investment of Raised Funds (10,000 yuan) | Cumulative Investment of Raised Funds as of End of Reporting Period (10,000 yuan) | Cumulative Investment Progress as of End of Reporting Period (%) | Date Project Reaches Intended Usable State | | :--- | :--- | :--- | :--- | :--- | | Biological Laboratory Consumables Production Line Upgrade Intelligent Manufacturing Project | 35,000.00 | 11,370.34 | 32.49 | December 2026 | | Biological Laboratory Consumables New Product R&D Project | 4,000.00 | 2,223.00 | 55.58 | December 2025 | | Replenishment of Working Capital | 5,000.00 | 5,000.00 | 100.00 | N/A | | **Total** | **44,000.00** | **18,593.34** | **42.26** | **/** | - Postponement of raised fund investment projects: The Biological Laboratory Consumables Production Line Upgrade Intelligent Manufacturing Project was postponed to December 2026, and the Biological Laboratory Consumables New Product R&D Project was postponed to December 2025, mainly due to the time required for the construction and supporting investments of Jet Life Sciences (Guangzhou) factory.[116](index=116&type=chunk)[117](index=117&type=chunk) - Temporary replenishment of working capital with idle raised funds: The company used no more than **200 million yuan** of idle raised funds to temporarily replenish working capital, with a cumulative use of **56 million yuan** as of the end of the reporting period.[118](index=118&type=chunk) - Cash management of idle raised funds: The company used **200 million yuan** of idle raised funds for cash management, in the form of 1-year large-denomination certificates of deposit and structured deposits.[120](index=120&type=chunk) - Capital increase in subsidiary with raised funds: The company increased capital in its wholly-owned subsidiary Jet Life Sciences (Guangzhou) by **80 million yuan** to implement raised fund investment projects, with **18 million yuan** injected as of the end of the reporting period.[121](index=121&type=chunk)[122](index=122&type=chunk) Section VI Share Changes and Shareholder Information [Share Capital Changes](index=51&type=section&id=6.1%20Share%20Capital%20Changes) During the reporting period, the company's total number of ordinary shares and share capital structure remained unchanged - During the reporting period, the company's total number of ordinary shares and share capital structure remained unchanged.[126](index=126&type=chunk) [Shareholder Information](index=51&type=section&id=6.2%20Shareholder%20Information) As of the end of the reporting period, the company had **7,848 ordinary shareholders**. This section details the top ten shareholders' holdings, identifies Yuan Jianhua as the largest shareholder, and explains the related party relationships among major shareholders - Total number of ordinary shareholders as of the end of the reporting period: **7,848**.[127](index=127&type=chunk) Top Ten Shareholders' Holdings as of End of Reporting Period | Shareholder Name | Shares Held at Period End (shares) | Percentage (%) | Number of Restricted Shares Held (shares) | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | | Yuan Jianhua | 41,072,020 | 29.26 | 39,060 | Domestic Natural Person | | JET(H.K.) BIOSCIENCE CO., LIMITED | 17,547,293 | 12.50 | / | Overseas Legal Person | | Luoyang Mackinnon Enterprise Management Partnership (Limited Partnership) | 2,387,938 | 1.70 | / | Domestic Non-State-Owned Legal Person | | Zhuhai Abama Private Equity Fund Investment Management Co., Ltd. - Abama Yuanxiang Hongli No. 80 Private Securities Investment Fund | 1,986,258 | 1.42 | / | Other | | Bank of China Co., Ltd. - Harvest Leading Advantage Mixed Securities Investment Fund | 1,669,492 | 1.19 | / | Other | | Guangzhou Luogang Huizi Investment Management Partnership (Limited Partnership) | 1,396,950 | 1.00 | / | Domestic Non-State-Owned Legal Person | | Gongqingcheng Gaohe Zhongmin Investment Management Partnership (Limited Partnership) | 1,300,000 | 0.93 | / | Domestic Non-State-Owned Legal Person | | Yu Jing | 1,191,889 | 0.85 | / | Domestic Natural Person | | Agricultural Bank of China Co., Ltd. - China AMC CSI 500 Enhanced Index Securities Investment Fund | 1,121,200 | 0.80 | / | Other | | BARCLAYS BANK PLC | 715,413 | 0.51 | / | Overseas Legal Person | - Major shareholder related party relationships: Yuan Jianhua is the general partner of Mackinnon; Yuan Ye James is Yuan Jianhua's son and holds **100%** equity in Jet Hong Kong; Wang Jing is Yuan Ye James's spouse and the general partner of Huizi Investment. Yuan Jianhua, Jet Hong Kong, Mackinnon, and Huizi Investment have related party relationships and act in concert.[130](index=130&type=chunk) - Shareholders with restricted shares: Yuan Jianhua, Yuan Ye James, Dannie Yuan, Wang Jing, Wu Zhiyi, He Jing, Fang Xiangyuan, Li Huilun, and other shareholders' restricted shares are all from the first vesting period of the initial grant portion of the company's 2021 equity incentive plan, totaling **89,644 shares**, which will be tradable on July 11, 2025.[131](index=131&type=chunk)[132](index=132&type=chunk) - Repurchase special account: As of the end of the reporting period, the company's repurchase special account held **2,730,914 shares**, representing **1.95%** of total shares, with no voting rights.[130](index=130&type=chunk)[135](index=135&type=chunk) Section VII Bond-Related Information [Convertible Corporate Bonds](index=55&type=section&id=7.1%20Convertible%20Corporate%20Bonds) The company's convertible corporate bonds, "Jet Convertible Bonds," were listed on the Shanghai Stock Exchange on August 2, 2022, with a total issuance of **440 million yuan** - Convertible bond issuance: Jet Convertible Bonds (code 118010) were listed on the Shanghai Stock Exchange on August 2, 2022, with a total issuance of **440 million yuan** and net proceeds of **432.49 million yuan**.[138](index=138&type=chunk) - Conversion period: Convertible into company shares from January 4, 2023, to June 27, 2028.[139](index=139&type=chunk) - Number of convertible bond holders at period end: **6,002**.[140](index=140&type=chunk) Top Ten Convertible Corporate Bond Holders as of End of Reporting Period | Convertible Corporate Bond Holder Name | Amount of Bonds Held at Period End (yuan) | Holding Percentage (%) | | :--- | :--- | :--- | | Yuan Jianhua | 48,506,000 | 11.02 | | Li Yiming | 32,885,000 | 7.47 | | Ding Bixia | 28,218,000 | 6.41 | | China Merchants Bank Co., Ltd. - Boshi CSI Convertible Bond and Exchangeable Bond ETF | 20,112,000 | 4.57 | | Chen Xiaohong | 9,150,000 | 2.08 | | Industrial and Commercial Bank of China - Huaxia Hope Bond Fund | 9,100,000 | 2.07 | | China Construction Bank - E Fund Enhanced Return Bond Fund | 8,040,000 | 1.83 | | Shanghai Pudong Development Bank Co., Ltd. - E Fund Yuxiang Return Bond Fund | 7,270,000 | 1.65 | | Yuan Longlong | 6,700,000 | 1.52 | | Agricultural Bank of China Co., Ltd. - Anxin Target Income Bond Fund | 6,144,000 | 1.40 | - Convertible bond changes: Conversion amount in the reporting period was **0 yuan**, cumulative converted shares **60 shares**, unconverted amount **439.997 million yuan**, and unconverted bonds accounted for **99.9993%** of the total issuance.[143](index=143&type=chunk)[144](index=144&type=chunk) - Conversion price adjustment: The latest conversion price as of the end of the reporting period was **48.02 yuan/share**, adjusted to **47.95 yuan/share** on July 2, 2025, due to the 2024 annual equity distribution.[146](index=146&type=chunk) - Liabilities and credit situation: The company's operating revenue was **268.14 million yuan**, net cash flow from operating activities **84.17 million yuan**, asset-liability ratio **28.74%**, with good credit standing, maintaining an **A+** corporate credit rating and a "**stable**" outlook.[146](index=146&type=chunk)[147](index=147&type=chunk) - Interest payment: The company paid interest on "Jet Convertible Bonds" for the period from June 28, 2024, to June 27, 2025, on June 30, 2024, at **1.00 yuan** (including tax) per 100 yuan face value convertible bond.[148](index=148&type=chunk) Section VIII Financial Report [Audit Report](index=57&type=section&id=8.1%20Audit%20Report) This semi-annual report is unaudited - This semi-annual report is unaudited.[3](index=3&type=chunk) [Financial Statements](index=57&type=section&id=8.2%20Financial%20Statements) This section presents the company's 2025 semi-annual consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owner's equity, providing a comprehensive overview of its financial position, operating results, and cash flows - The consolidated balance sheet shows that as of June 30, 2025, the company's total assets were **1.73 billion yuan**, total liabilities **497.90 million yuan**, and total owner's equity **1.23 billion yuan**.[151](index=151&type=chunk)[152](index=152&type=chunk) - The consolidated income statement shows that for the first half of 2025, total operating revenue was **268.14 million yuan**, total profit **53.34 million yuan**, and net profit attributable to parent company shareholders **46.34 million yuan**.[159](index=159&type=chunk)[160](index=160&type=chunk)[161](index=161&type=chunk) - The consolidated cash flow statement shows that for the first half of 2025, net cash flow from operating activities was **84.17 million yuan**, net cash flow from investing activities **-49.66 million yuan**, and net cash flow from financing activities **-4.55 million yuan**.[164](index=164&type=chunk)[165](index=165&type=chunk) [Company Basic Information](index=72&type=section&id=8.3%20Company%20Basic%20Information) This section introduces Guangzhou Jet Biofil Filtration Co., Ltd.'s establishment date, registered capital, total shares, listing date, industry, and main business activities, identifying it as a manufacturer and seller of biological laboratory consumables - The company was established on April 11, 2001, with its headquarters in Guangzhou, Guangdong Province.[178](index=178&type=chunk) - Registered capital is **140.36 million yuan**, total shares **140,363,220 shares**, and its stock was listed on the Shanghai Stock Exchange on January 22, 2020.[178](index=178&type=chunk) - The company belongs to the biological laboratory consumables industry, primarily engaged in the production and sales of biological laboratory consumables, with main products including biological culture and liquid handling categories.[178](index=178&type=chunk) [Basis of Financial Statement Preparation](index=72&type=section&id=8.4%20Basis%20of%20Financial%20Statement%20Preparation) The company's financial statements are prepared on a going concern basis, with management assessing no significant doubts about its ability to continue as a going concern for the next 12 months from the end of the reporting period - The company's financial statements are prepared on a going concern basis.[179](index=179&type=chunk) - There are no matters or circumstances that cause significant doubt about the company's ability to continue as a going concern for the next 12 months from the end of the reporting period.[180](index=180&type=chunk) [Significant Accounting Policies and Estimates](index=72&type=section&id=8.5%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's significant accounting policies and estimates, covering enterprise accounting standards, accounting period, operating cycle, functional currency, materiality, business combinations, consolidated financial statements, cash and cash equivalents, foreign currency transactions, financial instruments, accounts receivable, inventories, long-term equity investments, investment properties, fixed assets, construction in progress, borrowing costs, intangible assets, impairment of long-term assets, long-term deferred expenses, employee benefits, share-based payments, revenue, government grants, deferred income tax, leases, and repurchase of company shares, ensuring transparency and comparability - The company's financial statements comply with enterprise accounting standards, accurately and completely reflecting its financial position, operating results, and other information.[180](index=180&type=chunk) - The accounting year runs from January 1 to December 31, with a short operating cycle, and 12 months are used as the standard for classifying assets and liabilities as current or non-current.[181](index=181&type=chunk)[182](index=182&type=chunk) - Financial instruments are classified as measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss, with detailed criteria for recognition, measurement, and derecognition.[191](index=191&type=chunk)[192](index=192&type=chunk)[193](index=193&type=chunk)[194](index=194&type=chunk)[195](index=195&type=chunk)[196](index=196&type=chunk) - Accounts receivable and inventories are provided for bad debts and impairment based on credit risk characteristics, while fixed assets and investment properties are measured at cost and depreciated or amortized using the straight-line method over their useful lives.[204](index=204&type=chunk)[205](index=205&type=chunk)[206](index=206&type=chunk)[207](index=207&type=chunk)[208](index=208&type=chunk)[209](index=209&type=chunk)[210](index=210&type=chunk)[211](index=211&type=chunk)[212](index=212&type=chunk)[222](index=222&type=chunk)[223](index=223&type=chunk)[224](index=224&type=chunk) - Revenue recognition principle: Identify distinct performance obligations and recognize revenue over time or at a point in time when the customer obtains control of the goods, depending on whether the performance obligation is satisfied over time or at a point in time.[246](index=246&type=chunk)[247](index=247&type=chunk) - Government grants are recognized when conditions are met, classified as asset-related or income-related, and either reduce the carrying amount of the asset, are recognized as deferred income, or are recognized in current period profit or loss.[251](index=251&type=chunk)[252](index=252&type=chunk) - Accounting treatment for repurchase of company shares: The actual amount paid is treated as treasury stock; upon cancellation, it reduces capital reserve or retained earnings; when awarded to employees, the cost of treasury stock is derecognized and capital reserve is adjusted.[259](index=259&type=chunk) [Taxes](index=86&type=section&id=8.6%20Taxes) This section discloses the main tax categories and rates for the company and its subsidiaries, including VAT, urban maintenance and construction tax, corporate income tax, property tax, land use tax, education surcharge, and local education surcharge Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Sales of goods and taxable services income | 5%, 6%, 9%, 13% | | Urban Maintenance and Construction Tax | Actual amount of turnover tax paid | 7% | | Corporate Income Tax | Taxable income | 15%, 21%, 25% | | Property Tax | Original value of property or rental income | 1.2%, 12% | | Land Use Tax | Actual occupied land area | 3 yuan/m², 5 yuan/m² | | Education Surcharge | Actual amount of turnover tax paid | 3% | | Local Education Surcharge | Actual amount of turnover tax paid | 2% | - The company obtained a high-tech enterprise certificate on December 22, 2022, valid for three years, and enjoys a reduced corporate income tax rate of **15%** during this period.[261](index=261&type=chunk) - Guangzhou Huangpu District Bay Area Entrepreneurship Service Center Co., Ltd., Guangzhou Jet Packaging Materials Co., Ltd., Guangzhou Biofil Air Purification Materials Co., Ltd., Zhongshan Jet Purification Engineering Co., Ltd., Guangzhou Jet Investment Co., Ltd., and Guangzhou Jet Testing Technology Service Co., Ltd. qualify as small and micro enterprises, enjoying a preferential policy of **25%** of taxable income taxed at a **20%** rate.[262](index=262&type=chunk) [Notes to Consolidated Financial Statement Items](index=87&type=section&id=8.7%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section details the ending balances, beginning balances, and current period changes for each item in the company's consolidated financial statements, providing comprehensive financial data Consolidated Financial Statement Major Items Ending Balances | Item | Ending Balance (yuan) | Beginning Balance (yuan) | | :--- | :--- | :--- | | Monetary Funds | 338,193,110.87 | 284,205,896.01 | | Financial Assets Held for Trading | 120,732,534.53 | 175,000,000.00 | | Accounts Receivable | 140,294,901.01 | 188,470,063.65 | | Inventories | 124,298,907.32 | 129,819,999.01 | | Long-Term Equity Investments | 37,220,108.76 | 38,065,734.12 | | Fixed Assets | 512,369,419.35 | 508,958,149.50 | | Construction in Progress | 54,508,281.57 | 22,707,812.49 | | Accounts Payable | 42,390,729.03 | 51,925,868.87 | | Bonds Payable | 371,110,728.93 | 359,884,472.26 | | Retained Earnings | 502,060,888.86 | 465,769,398.40 | - Accounts receivable ending balance was **150.28 million yuan**, with bad debt provision of **9.98 million yuan**, and a carrying amount of **140.29 million yuan**. Of this, **95.06%** was within 1 year of age.[268](index=268&type=chunk)[270](index=270&type=chunk) - Inventories ending carrying amount was **124.30 million yuan**, with inventory impairment provision of **29.73 million yuan**, mainly comprising raw materials, work in progress, finished goods, and goods in transit.[288](index=288&type=chunk)[290](index=290&type=chunk) - Fixed assets ending carrying amount was **512.37 million yuan**, mainly composed of buildings, machinery and equipment, transportation equipment, and office equipment and others.[304](index=304&type=chunk) - Construction in progress ending carrying amount was **54.51 million yuan**, primarily for the Jet Life Sciences (Guangzhou) Industrial Park Intelligent Manufacturing and Intelligent Warehousing Construction Project (Phase I) and Building A3 project.[310](index=310&type=chunk) - Operating revenue for the current period was **268.14 million yuan**, operating cost **154.00 million yuan**, with main business revenue accounting for **96.90%**.[372](index=372&type=chunk) - Foreign currency monetary items: Ending balances included **$7,995,257.83** in USD monetary funds, **€3,740,655.73** in EUR monetary funds, and **HK$92,298,817.45** in HKD monetary funds.[390](index=390&type=chunk)[404](index=404&type=chunk) [R&D Expenses](index=128&type=section&id=8.8%20R%26D%20Expenses) This section discloses the company's R&D expenses for the reporting period, primarily categorized by nature of expense, including employee compensation, materials and fuel, depreciation and amortization, all of which are expensed R&D investments 2025 Semi-Annual R&D Expenses by Nature of Expense | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | Employee Compensation | 8,250,448.52 | 7,993,268.11 | | Materials and Fuel | 2,059,070.16 | 2,466,628.53 | | Depreciation and Amortization | 1,336,287.16 | 1,263,025.58 | | Review and Acceptance Fees | 460,789.17 | 289,462.02 | | External Testing Fees | 34,810.72 | 203,591.06 | | Other Expenses | 1,170,266.97 | 1,058,864.65 | | **Total** | **13,311,672.70** | **13,274,839.95** | | Of which: Expensed R&D Investment | 13,311,672.70 | 13,274,839.95 | | Capitalized R&D Investment | / | / | - All R&D expenses in the current period were expensed, with no capitalized R&D expenses.[411](index=411&type=chunk) [Changes in Consolidation Scope](index=128&type=section&id=8.9%20Changes%20in%20Consolidation%20Scope) During the reporting period, the company did not experience any changes in its consolidation scope due to non-common control business combinations, common control business combinations, reverse acquisitions, or disposal of subsidiaries - During the reporting period, the company did not experience any changes in its consolidation scope due to non-common control business combinations, common control business combinations, reverse acquisitions, or disposal of subsidiaries.[412](index=412&type=chunk) [Interests in Other Entities](index=129&type=section&id=8.10%20Interests%20in%20Other%20Entities) This section discloses the company's interests in subsidiaries, joint ventures, and associates, including its wholly-owned and controlled subsidiaries, and investments in associates like Guangzhou Lanbo Biotechnology Co., Ltd. and Guangzhou BGI Jet Bio-Technology Co., Ltd - The company owns multiple wholly-owned and controlled subsidiaries, including Guangzhou Biofil Air Purification Materials Co., Ltd., Jet Life Sciences (Guangzhou) Co., Ltd., Guangzhou Jet Packaging Materials Co., Ltd., and Zhongshan Jet Purification Engineering Co., Ltd.[413](index=413&type=chunk) Key Financial Information of Important Non-Wholly-Owned Subsidiaries (Ending Balance) | Subsidiary Name | Minority Shareholding Percentage (%) | Profit/Loss Attributable to Minority Shareholders in Current Period (yuan) | Dividends Declared to Minority Shareholders in Current Period (yuan) | Minority Interests Balance at Period End (yuan) | | :--- | :--- | :--- | :--- | :--- | | Guangzhou Jet Packaging Materials Co., Ltd. | 15.00 | 34,198.23 | 150,000.00 | 595,073.70 | | Guangzhou Jet Medical Packaging Co., Ltd. | 49.00 | 123,978.83 | / | 1,485,406.60 | | Zhongshan Jet Purification Engineering Co., Ltd. | 45.00 | 1,083,285.71 | / | 6,270,908.55 | - The company invests in associates such as Guangzhou Lanbo Biotechnology Co., Ltd. and Guangzhou BGI Jet Bio-Technology Co., Ltd., with a combined net profit of **-0.85 million yuan** for the current period based on shareholding proportion.[417](index=417&type=chunk) [Government Grants](index=132&type=section&id=8.11%20Government%20Grants) This section discloses the company's government grant liability items and the amount of government grants recognized in current period profit or loss Government Grant Liability Items | Financial Statement Item | Beginning Balance (yuan) | Amount of New Grants in Current Period (yuan) | Transferred to Other Income in Current Period (yuan) | Ending Balance (yuan) | Asset-Related/Income-Related | | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 25,342,710.72 | 3,688,894.99 | 2,831,859.54 | 26,199,746.17 | Asset-Related | - The amount of government grants recognized in current period profit or loss was **2.83 million yuan**.[422](index=422&type=chunk) [Risks Related to Financial Instruments](index=132&type=section&id=8.12%20Risks%20Related%20to%20Financial%20Instruments) The company faces credit risk, liquidity risk, and market risk (including interest rate risk and foreign exchange risk), which are managed through various strategies such as credit assessment, diversified bank deposits, monitoring receivables, optimizing financing structure, and managing foreign currency exposure - The company faces credit risk, liquidity risk, and market risk (including interest rate risk and foreign exchange risk).[422](index=422&type=chunk)[426](index=426&type=chunk)[427](index=427&type=chunk)[428](index=428&type=chunk) - Credit risk management: Assess criteria for significant increase in credit risk of financial instruments, measure expected credit losses, place bank deposits with highly-rated financial institutions, regularly assess customer credit, and monitor accounts receivable balances.[423](index=423&type=chunk)[424](index=424&type=chunk)[425](index=425&type=chunk) - Liquidity risk management: Utilize various financing methods, such as issuing convertible bonds, combine long-term and short-term financing appropriately, and obtain bank credit lines from multiple commercial banks.[426](index=426&type=chunk) - Market risk management: Manage interest rate risk by regularly reviewing and monitoring an appropriate mix of fixed and floating rate financial instruments; manage foreign exchange risk by buying and selling foreign currencies to maintain net exposure at an acceptable level.[428](index=428&type=chunk) [Disclosure of Fair Value](index=135&type=section&id=8.13%20Disclosure%20of%20Fair%20Value) This section discloses the fair value of assets and liabilities measured at fair value at the end of the reporting period, primarily including financial assets he

广州洁特生物过滤股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 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、准确性和完整性依法承担法律责任。 根据《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律 监管指引第 1 号——规范运作》及有关规定，广州洁特生物过滤股份有限公司（以 下简称"公司"或"洁特生物"）董事会对公司 2025 年半年度募集资金存放与实际 使用情况专项说明如下： 一、 募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于同意广州洁特生物过滤股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2022〕432 号）同意注 册，公司向不特定对象共计发行 440.00 万张，每张面值为人民币 100 元，按面 值发行。本次发行的募集资金总额为 440,000,000.00 元，扣除相关发行费用 7,508,492.65 元，实际募集资金净额 432,491,507.35 元。 上述募集资金已全部到位，并由天健会计师事务所（特殊普通合伙）于 2022 年 7 月 ...

| 证券代码：688026 | 证券简称：洁特生物 公告编号：2025-054 | | --- | --- | | 转债代码：118010 | 转债简称：洁特转债 | 广州洁特生物过滤股份有限公司 二、《公司章程》修订情况 根据《上市公司章程指引》《上海证券交易所科创板股票上市规则》《上海 证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等法律法规及规 1 范性文件的相关规定，为进一步完善公司治理结构，适应科创板上市公司规范治 理运作需要，公司结合相关规定及实际情况，拟对《公司章程》中的相关条款进 行修订，具体修订情况如下： | 序号 | 修订前 | 修订后 | | --- | --- | --- | | | 第一条 为维护广州洁特生物过滤股份有限公司 | 第一条 为维护广州洁特生物过滤股份有限公司 | | | （以下简称"公司"）、股东和债权人的合法权益， | （以下简称"公司"）、股东、职工和债权人的合 | | | 规范公司的组织和行为，根据《中华人民共和国 | 法权益，规范公司的组织和行为，根据《中华人 | | | 公司法》（以下简称《公司法》）、《中华人民共和 | 民共和国公司法》（以下简 ...

关于 2025 年度"提质增效重回报"专项行动方案的 半年度评估报告 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、准确性和完整性依法承担法律责任。 为积极响应上海证券交易所《关于开展科创板上市公司"提质增效重回报" 专项行动的倡议》，践行"以投资者为本"的上市公司发展理念，切实维护全体 股东利益，履行上市公司责任，进一步推动公司高质量发展，共同促进资本市场 平稳健康发展，广州洁特生物过滤股份有限公司（以下简称"公司"）于 2025 年 4 月 16 日披露了《关于 2025 年度"提质增效重回报"专项行动方案的公告》 （以下简称"行动方案"），以提升公司经营质量和运营效率，提高规范化治理 水平，增强核心竞争力，拓展业务领域，增强投资者回报信心，提升投资者获得 感，实现管理层与股东利益的共担共享，树立良好的资本市场形象。 2025 年上半年，行动方案主要举措的落实（进展）及成效情况如下： 一、深耕公司主业，持续提升经营效率进展 2025 年上半年，公司继续聚焦主营业务，提升经营效率和管理能力，以产 品质量和种类为抓手，以技术和服务为重点，以渠道和品牌为核 ...

一、公司制定本规划考虑的因素 公司着眼于长远、可持续的发展，综合考虑公司实际情况、发展战略规划 以及行业发展趋势，按照《公司法》《证券法》以及中国证监会、上海证券交易 所有关规定，建立对投资者科学、持续、稳定的回报规划与机制，从而对利润 分配做出制度性安排，以保证利润分配政策的连续性和稳定性。 广州洁特生物过滤股份有限公司 未来三年（2024-2026 年）股东分红回报规划 为进一步完善广州洁特生物过滤股份有限公司（下称"公司"）的利润分配 政策，建立健全科学、持续、稳定的分红机制，增强利润分配的透明度，维护 投资者合法权益，根据中国证监会《上市公司监管指引第 3 号—上市公司现金 分红》和《公司章程》等相关文件规定，结合公司实际情况，特制定公司未来 三年（2024 年-2026 年）股东分红回报规划。 本规划将在符合国家相关法律法规及《公司章程》的前提下，充分重视对 投资者的回报，保持公司的利润分配政策的连续性和稳定性，同时兼顾公司的 长远利益、全体股东的整体利益及公司的可持续发展。公司在利润分配政策的 研究论证和决策过程中，应充分考虑审计委员会成员、公众投资者等方面的意 见。 三、公司未来三年的具体股东回 ...

Overview - The demand for cell culture bags in China is rapidly increasing due to the growth of downstream markets such as biopharmaceuticals, cell therapy, and gene therapy, with a projected demand of 9.723 million units in 2024, a year-on-year increase of 24.53% [1][8] - The market size for cell culture bags is expected to reach 1.05 billion yuan in 2024, reflecting a year-on-year growth of 21.06% [1][8] - Factors such as an aging population and increasing health awareness are driving the demand for biopharmaceutical products, further boosting the cell culture bag market [1][8] Market Policies - A series of supportive policies have been issued in China, including the "14th Five-Year Plan for the Development of the Pharmaceutical Industry" and guidelines for the production quality management of cell therapy products, creating a favorable environment for the development of the cell culture bag industry [6][7] Industry Chain - The upstream of the cell culture bag industry includes suppliers of raw materials like polyethylene and polypropylene, while the midstream involves R&D and production, and the downstream encompasses applications in biopharmaceuticals, cell therapy, and research [7][8] - Biopharmaceuticals account for over 40% of the demand for cell culture bags, primarily used in the production of monoclonal antibodies, recombinant proteins, and vaccines [8] Current Development - The cell culture bag market in China is expanding, with a projected demand of 9.723 million units and a market size of 1.05 billion yuan in 2024, driven by the rapid growth of the biopharmaceutical market [1][8] Competitive Landscape - The market is becoming increasingly competitive, with foreign companies like ThermoFisher Scientific and Corning holding significant market shares due to their advanced technology and product quality [9][10] - Domestic companies such as Guangzhou Jiet Biofilter Co., Ltd. and Wuhan Saikecheng Technology Co., Ltd. are enhancing their R&D efforts and product quality, gradually increasing their market share and competitiveness [10][11] Development Trends - The demand for single-use cell culture bags is expected to continue rising due to their advantages in reducing contamination risks and simplifying operations [12] - There is a growing focus on developing biodegradable or recyclable single-use bags to align with environmental sustainability goals [12] - Domestic companies are expected to narrow the technology gap with foreign products, leading to increased market share and potential international expansion [12]

Company Overview - Jiet Bio is located in Guangzhou Economic and Technological Development Zone, established on April 11, 2001, and listed on January 22, 2020 [1] - The company specializes in cell culture and related products, classified under the pharmaceutical and biological industry, specifically in medical devices and consumables [1] Stock Performance - As of August 22, Jiet Bio's stock price decreased by 2.01%, trading at 19.46 CNY per share, with a total market capitalization of 2.731 billion CNY [1] - Year-to-date, the stock has increased by 52.53%, but has seen a decline of 3.42% over the last five trading days [1] - The stock has experienced a 0.83% increase over the last 20 days and a 23.73% increase over the last 60 days [1] Financial Performance - For the period from January to March 2025, Jiet Bio reported a revenue of 124 million CNY, reflecting a year-on-year growth of 26% [1] - The company has distributed a total of 152 million CNY in dividends since its A-share listing, with 30.06 million CNY distributed over the last three years [1] Shareholder Information - As of March 31, 2025, Jiet Bio had 7,864 shareholders, an increase of 3.79% from the previous period, with an average of 17,837 circulating shares per shareholder, a decrease of 3.65% [1] - Among the top ten circulating shareholders, the Jia Shi Leading Advantage Mixed A fund holds 1.6695 million shares, unchanged from the previous period [2]

Core Viewpoint - The company announces the resignation of its board secretary, Ge Jingbo, due to personal reasons, and he will no longer hold any position within the company [2][3]. Group 1: Resignation Details - Ge Jingbo submitted a written resignation report to the board, which is effective upon delivery to the board [3]. - The company confirms that Ge Jingbo has completed the handover of his responsibilities, and his resignation will not affect the normal operations of the company [3]. Group 2: Impact on the Company - The company will promptly complete the selection of a new board secretary in accordance with relevant regulations and its articles of association [3]. - Until a new board secretary is appointed, the chairman, Yuan Jianhua, will act in this capacity [3]. - Ge Jingbo did not hold any shares in the company during his tenure and was recognized for his diligent work in governance, information disclosure, and investor relations [3].

证券日报网讯8月19日晚间，洁特生物发布公告称，董事会于近日收到公司董事会秘书葛井波先生的书 面辞职报告。葛井波先生因个人原因申请辞去公司董事会秘书一职，辞职后将不再担任公司任何职务。 ...