Group 1 - The core viewpoint of the news is that A-share semiconductor stocks are experiencing significant gains, with multiple companies seeing substantial increases in their stock prices, driven by a report on China's plans to boost AI chip production [1][2] Group 2 - Cisco Rey (思科瑞) saw a stock increase of 11.42%, with a total market value of 3.728 billion [2] - Broadcom Integrated (博通集成) increased by 10.01%, with a market capitalization of 7.026 billion [2] - Stada Semiconductor (斯达半导) reached a 10% increase, with a market value of 25.9 billion [2] - Semiconductor Manufacturing International Corporation (中芯国际) rose by 8.15%, achieving a market value of 87.67 billion [2] - Rockchip (瑞芯微) increased by 7.59%, with a market capitalization of 97.6 billion [2] - Qipai Technology (气派科技) saw a 7.13% rise, with a market value of 2.955 billion [2] - Dongxin Technology (东芯股份) increased by 6.6%, with a market capitalization of 47.8 billion [2] - Yingfang Micro (盈方微) rose by 6.59%, with a market value of 8.151 billion [2] - Zhenlei Technology (臻镭科技) increased by 5.81%, with a market capitalization of 16.1 billion [2] - Fudan Microelectronics (复旦微电) saw a 5.7% increase, with a market value of 50.9 billion [2] - Weijie Chuangxin (唯捷创芯) increased by 5.32%, with a market capitalization of 15.8 billion [2] - Changguang Huaxin (长光华芯) rose by 5.24%, with a market value of 14.3 billion [2] - Electric Science Chip (电科芯片) increased by 5.02%, with a market capitalization of 1.78 billion [2] - The overall trend indicates a strong performance in the semiconductor sector, reflecting positive market sentiment and potential growth opportunities [1]

Group 1 - The satellite navigation sector opened high with significant bidding activity on August 28, indicating strong investor interest [1] - Broadcom Integration reached a limit-up price, reflecting a robust market response [1] - Other companies in the sector, including Capcloud, Huazhong Technology, Tongyu Communication, Sikrui, China Satellite, and Chuangyuan Xinke, also experienced notable gains, with Capcloud rising over 10% [1]

Core Insights - Cisco Rui (688053.SH) reported a total operating revenue of 101 million yuan for the first half of 2025, ranking 44th among disclosed peers [1] - The net profit attributable to shareholders was 3.5842 million yuan, with net cash inflow from operating activities at 9.9435 million yuan, a decrease of 36.2289 million yuan compared to the same period last year, representing a year-on-year decline of 78.46% [1] Financial Metrics - The latest debt-to-asset ratio is 8.12%, an increase of 1.93 percentage points compared to the same period last year [3] - The latest gross profit margin stands at 45.24% [3] - The return on equity (ROE) is 0.22% [3] - The diluted earnings per share (EPS) is 0.04 yuan [4] - The total asset turnover ratio is 0.06 times, ranking 41st among disclosed peers [4] - The inventory turnover ratio is 2.89 times [4] Shareholder Structure - The number of shareholders is 5,164, with the top ten shareholders holding 69.39% of the total share capital, amounting to 69.393 million shares [4] - The largest shareholder is Jian Shui County Quan Jun Enterprise Management Center (Limited Partnership) with a holding ratio of 54.91% [4] - Other notable shareholders include Ningbo Tongtai Xin Venture Capital Partnership (Limited Partnership) at 4.61% and Ningbo Tongyuan Youbo Venture Capital Partnership (Limited Partnership) at 2.46% [4]

Group 1 - The company, Cisco Rui (688053.SH), reported a total revenue of 101 million yuan for the first half of 2025, representing a year-on-year increase of 81.67% [1] - The net profit attributable to shareholders of the parent company was 3.5842 million yuan, compared to a loss of 2.4688 million yuan in the same period last year [1] - The basic earnings per share were 0.04 yuan [1]

中国银河证券股份有限公司 关于成都思科瑞微电子股份有限公司 2025 年半年度持续督导跟踪报告 中国银河证券股份有限公司（以下简称"银河证券"或"保荐机构"）作为成都 思科瑞微电子股份有限公司（以下简称"思科瑞"或"公司"）首次公开发行股票并 在科创板上市项目的保荐机构，根据《证券发行上市保荐业务管理办法》《上海 证券交易所科创板股票上市规则》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等相关规定，负责思科瑞上市后的持续督导工作，并出具 本持续督导跟踪报告。 一、持续督导工作概述 1、保荐机构制定了持续督导工作制度，制定了相应的工作计划，明确了现 场检查的工作要求。 2、保荐机构已与公司签订保荐协议，该协议已明确了双方在持续督导期间 的权利义务。 3、本持续督导期间，保荐机构通过与公司的日常沟通、定期回访、查阅资 料、现场检查等方式开展持续督导工作。 4、本持续督导期间，保荐机构根据相关法规和规范性文件的要求履行持续 督导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2）查阅公司财务管理、会计核算和内部审计等内部控制制度； （3）查阅公司其他应收款等 ...

Meeting Overview - The second meeting of the Supervisory Board was held on August 26, 2025, chaired by Mr. Shi Mingming, in compliance with the Company Law of the People's Republic of China and the company's articles of association [1] Half-Year Report Approval - The Supervisory Board approved the 2025 Half-Year Report and its summary, affirming that the report accurately reflects the company's actual situation without any false records or misleading statements. The voting result was 3 in favor, 0 against, and 0 abstentions [1][2] Fund Usage Report Approval - The Supervisory Board also approved the Special Report on the Storage and Use of Raised Funds for the first half of 2025, confirming that it truthfully reflects the situation during the reporting period. The voting result was 3 in favor, 0 against, and 0 abstentions [2][3] Equity Incentive Plan Approval - The Supervisory Board approved the proposal for a wholly-owned subsidiary to implement an equity incentive plan through capital increase, which aligns with the long-term planning and development strategy of the company. The voting result was 3 in favor, 0 against, and 0 abstentions [2][3]

Overview - The article discusses the capital increase and equity incentive plan of Chengdu Sike Rui Microelectronics Co., Ltd.'s wholly-owned subsidiary, Hainan Guoxing Feice Technology Co., Ltd. [1][2] Capital Increase and Related Transactions - Hainan Guoxing Feice plans to introduce an employee stock ownership platform, Hainan Guoxing Technology R&D Center (Limited Partnership), through a capital increase of 10.588236 million yuan, acquiring 15% equity in Guoxing Feice [2][9] - After the capital increase, the registered capital of Guoxing Feice will change from 60 million yuan to 70.588236 million yuan, reducing the company's ownership from 100% to 85% [2][8] - The transaction constitutes a related party transaction as Wu Changnian, the company's secretary, is also the executive partner of Guoxing Technology [2][3] Financial Data - As of June 30, 2025, Guoxing Feice's total assets were 31.4699 million yuan, net assets were 31.1103 million yuan, with a net loss of 934,300 yuan [8][9] Valuation and Pricing - The valuation of Guoxing Feice's equity was assessed at 31.5715 million yuan as of June 30, 2025, and the capital increase price was set at 1 yuan per share, deemed reasonable [9][10] Equity Incentive Plan - The equity incentive plan targets key management and core employees, with three individuals involved, allowing them to indirectly hold shares through Guoxing Technology [10][11] - The funding for the incentive will come from the personal or self-raised funds of the incentive recipients, ensuring no financial assistance from the company [11][12] Approval Process - The independent directors and the board of supervisors unanimously approved the capital increase and equity incentive plan, confirming its alignment with the company's long-term strategy [12][13]

Core Viewpoint - Chengdu Sike Rui Microelectronics Co., Ltd. plans to increase the registered capital of its wholly-owned subsidiary, Hainan Guoxing Fei Ce Technology Co., Ltd., from 60 million yuan to 70.588236 million yuan, with the additional capital being contributed by Hainan Guoxing Technology R&D Center (Limited Partnership) [1][2] Summary by Sections Overview of the Capital Increase and Related Transactions - The capital increase aims to optimize the capital structure of Guoxing Fei Ce and establish a long-term incentive mechanism to enhance operational efficiency and core competitiveness [2][7] - Hainan Guoxing Technology will contribute 10.588236 million yuan, acquiring 15% equity in Guoxing Fei Ce, while the company's ownership will decrease to 85% [2][6] Related Party Transactions - The transaction constitutes a related party transaction as Wu Changnian, the company's board secretary, is also the executive partner of Guoxing Technology [2][3] - The company has not engaged in any related party transactions exceeding 30 million yuan in the past 12 months, thus no shareholder meeting is required for approval [3] Financial Data of Guoxing Fei Ce - As of June 30, 2025, Guoxing Fei Ce reported total assets of approximately 31.47 million yuan and net assets of about 31.11 million yuan [6][7] - The company has not generated any revenue in the reported periods [6] Changes in Shareholding Structure - Before the capital increase, Guoxing Fei Ce was a wholly-owned subsidiary. Post-increase, the shareholding structure will be as follows: Chengdu Sike Rui Microelectronics Co., Ltd. will hold 85% and Hainan Guoxing Technology will hold 15% [5][8] Purpose and Impact of the Capital Increase - The capital increase is intended to attract and retain talent, aligning interests among stakeholders and promoting shared growth [10][11] - The transaction will not affect the company's consolidated financial statements or operational results significantly [11] Approval Process - The independent directors and the board of directors have approved the capital increase and related transactions, confirming their alignment with the company's long-term strategy [11][12] - The supervisory board also supports the transaction, indicating no harm to the interests of the company and its shareholders [12]

[Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This chapter defines common terms used in the report, including company names, subsidiaries, major shareholders, industry organizations, technical terms, and financial measurement units, to ensure accurate understanding of the report content[10](index=10&type=chunk)[11](index=11&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company's basic information, contact details, stock summary, and key financial performance metrics [Company Basic Information](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section outlines Chengdu Screen Microelectronics Co., Ltd.'s basic information, including its full name, abbreviation, legal representative, registered and office addresses, website, and email - The company's full name is Chengdu Screen Microelectronics Co., Ltd., abbreviated as Screen, with Zhang Ya as the legal representative[14](index=14&type=chunk) - Both the company's registered and office addresses are located at No. 68, Antai Fourth Road, Chengdu High-tech Zone[14](index=14&type=chunk) [Contact Persons and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the company's Board Secretary and Securities Affairs Representative, facilitating investor inquiries and communication - The Board Secretary is Wu Changnian, and the Securities Affairs Representative is Li Haomiao, both reachable at 028-89140831, with the email security@cd-screen.cn[15](index=15&type=chunk) [Information Disclosure and Document Placement Location Changes](index=7&type=section&id=%E4%B8%89%E3%80%81%E4%BF%A1%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) This section details the company's designated newspapers, website for information disclosure, and the placement location for semi-annual reports, with no changes during the reporting period - The company's designated newspapers for information disclosure include "China Securities Journal," "Shanghai Securities News," "Securities Times," "Securities Daily," and "Economic Information Daily," with the website www.sse.com.cn[16](index=16&type=chunk) - The company's semi-annual report is available at the Board of Directors' Office, with no changes during the reporting period[16](index=16&type=chunk) [Overview of Company Shares/Depositary Receipts](index=7&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%2F%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E7%AE%80%E5%86%B5) This section describes the company's stock listing, including share type, exchange, board, stock abbreviation, and code, confirming no depositary receipts - The company's A-shares are listed on the STAR Market of the Shanghai Stock Exchange, with the stock abbreviation Screen and stock code 688053[17](index=17&type=chunk) - The company has no depositary receipts[18](index=18&type=chunk) [Company's Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%85%AD%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) During the reporting period, the company's operating revenue significantly increased by 81.67%, total profit and net profit attributable to shareholders turned profitable, while net cash flow from operating activities decreased by 78.46% year-on-year Key Accounting Data (Jan-Jun 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Period-on-Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 100,997,222.77 yuan | 55,593,342.63 yuan | 81.67 | | Total Profit | 53,581.03 yuan | -6,140,307.23 yuan | Not Applicable | | Net Profit Attributable to Shareholders of Listed Company | 3,584,197.41 yuan | -2,468,765.76 yuan | Not Applicable | | Net Cash Flow from Operating Activities | 9,943,456.34 yuan | 46,172,332.12 yuan | -78.46 | Key Financial Indicators (Jan-Jun 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Period-on-Period Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.04 | -0.02 | Increased by 0.06 yuan/share | | Diluted Earnings Per Share (yuan/share) | 0.04 | -0.02 | Increased by 0.06 yuan/share | | Basic EPS Excluding Non-Recurring Gains and Losses (yuan/share) | 0.01 | -0.05 | Increased by 0.06 yuan/share | | Weighted Average Return on Net Assets (%) | 0.22 | -0.15 | Increased by 0.37 percentage points | | Weighted Average Return on Net Assets Excluding Non-Recurring Gains and Losses (%) | 0.09 | -0.30 | Increased by 0.39 percentage points | | R&D Investment as a Percentage of Operating Revenue (%) | 10.64 | 22.48 | Decreased by 11.84 percentage points | - Operating revenue growth is primarily due to increased orders in the military industry and significant market expansion achievements[21](index=21&type=chunk) - Total profit and net profit turned profitable, mainly benefiting from increased operating revenue and improved gross margin in testing services[21](index=21&type=chunk) - Net cash flow from operating activities decreased, mainly due to reduced sales collections and maturing commercial bills in the current period[22](index=22&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=%E5%85%AB%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) During the reporting period, the company's total non-recurring gains and losses amounted to **2.108 million yuan**, primarily from government subsidies recognized in current profit or loss Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -1,273.32 | | Government subsidies recognized in current profit or loss | 2,484,615.33 | | Other non-operating income and expenses | -2,481.02 | | Less: Income tax impact | 372,800.00 | | Impact on minority interests (after tax) | -71.47 | | **Total** | **2,108,132.46** | [Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides an in-depth analysis of the company's industry, operations, core competencies, risk factors, and key financial performance during the reporting period [Explanation of the Company's Industry and Main Business During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company's main business is in the testing services industry, focusing on military electronic component reliability and equipment environmental testing, supported by national policies and a growing market [Company's Industry Overview](index=9&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) The testing services industry, a strategic emerging sector, enjoys strong national policy support and continuous market growth, with military electronic component reliability testing as a core business - The company's main business falls under "M Scientific Research and Technical Services," specifically "74 Professional Technical Services," "745 Quality Inspection Technical Services," and "7452 Testing Services," which is a nationally encouraged strategic emerging industry[27](index=27&type=chunk)[28](index=28&type=chunk) - As of the end of 2024, China had nearly **54,000 testing institutions**, with annual revenue of **487.597 billion yuan**, a year-on-year increase of **4.41%**[28](index=28&type=chunk) - Continuous growth in defense spending (2025 budget of **1.81 trillion yuan**, a **7.2% increase**), rising proportion of weapon and equipment expenditures, and increased investment in national defense informatization provide a broad market for military electronic component testing[34](index=34&type=chunk)[35](index=35&type=chunk) - Industry trends include the expanding market for third-party military electronic component reliability testing, increasing testing content, and the development of more refined and high-end testing technologies[36](index=36&type=chunk)[38](index=38&type=chunk) [Company's Main Business Operations](index=13&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5) The company specializes in military electronic component reliability testing and equipment environmental testing, offering comprehensive services and holding 2,580 CNAS and DILAC accredited testing items - The company's main business includes electronic component testing and reliability screening, environmental testing, destructive physical analysis (DPA), failure analysis, and reliability management technical support[39](index=39&type=chunk) - As of June 30, 2025, the company had a total of **2,580 testing items or parameters** accredited by CNAS and DILAC, a year-on-year increase of **28.7%**[40](index=40&type=chunk) - The company's main customers are subsidiaries of military industrial groups and supporting electronic manufacturers, with products applied in nuclear, aerospace, aviation, shipbuilding, weaponry, and electronics military fields[40](index=40&type=chunk) - The company's operating model is primarily based on independent research and development, possessing over **46,000 sets of testing procedures** and over **26,000 sets of testing adapters**[55](index=55&type=chunk)[56](index=56&type=chunk) - The sales model is direct sales, acquiring orders through invited tenders and competitive negotiations, with major customers being subsidiaries of military industrial groups and supporting electronic component manufacturers[62](index=62&type=chunk) [Discussion and Analysis of Operations](index=19&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) During the reporting period, the company deepened its core business, expanded into new areas like environmental reliability testing, advanced R&D, strengthened market development, and improved quality management, achieving **101 million yuan** in operating revenue and **3.58 million yuan** in net profit attributable to parent company shareholders Key Operating Data for Jan-Jun 2025 | Indicator | Amount (CNY 10,000) | Year-on-Year Growth (%) | | :--- | :--- | :--- | | Operating Revenue | 10,099.72 | 81.67 | | Net Profit Attributable to Parent Company Shareholders | 358.42 | Increased by 605.30 CNY 10,000 | - The company continuously promotes R&D technological progress, focusing on domestic substitution, increasing research and reserves in high-end chip testing technology, and expanding into new fields such as environmental reliability testing, EMC, and automotive electronics[66](index=66&type=chunk)[67](index=67&type=chunk) - During the reporting period, the company added several new clients, including research institutes and well-known enterprises under major aerospace, aviation, and weaponry military industrial groups, continuously expanding its market reach[68](index=68&type=chunk) - The company continuously improves quality management through "Quality Review Meetings" and employee training, and has recruited several high-tech talents, enhancing its incentive mechanisms[68](index=68&type=chunk) [Analysis of Core Competencies](index=21&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies include advanced reliability testing technology, a professional team, efficient service, and high market recognition, with significant R&D progress and **96 R&D personnel** [Core Competitiveness Analysis](index=21&type=section&id=%28%E4%B8%80%29%20%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company leads in military electronic component testing with advanced technology, a professional team, efficient service, and high market recognition, boasting **2,580 accredited testing items** and **292 software copyrights** - The company possesses **2,580 testing items** accredited by CNAS and DILAC, a year-on-year increase of **28.7%**, positioning it as a leader among private testing institutions[70](index=70&type=chunk) - The company owns over **46,000 sets of test program software** and over **26,000 sets of test adapters**, with test program quantity increasing by **17.9%** and test adapter quantity by **8.3%** year-on-year[70](index=70&type=chunk) - The company holds **292 software copyrights** and **90 patents** (including **39 invention patents**), with its patent count leading among private testing institutions in the industry[70](index=70&type=chunk) - The company's core technical personnel have over **20 years of experience** in military electronics research and development, and the management team is highly experienced[71](index=71&type=chunk) - The company has established a market presence centered in Chengdu, Xi'an, and Wuxi, radiating across Southwest, Northwest, East, North, South, and Northeast China, serving over **600 customers**[71](index=71&type=chunk)[72](index=72&type=chunk) [Core Technologies and R&D Progress](index=23&type=section&id=%28%E4%B8%89%29%20%E6%A0%B8%E5%BF%83%E6%8A%80%E6%9C%AF%E4%B8%8E%E7%A0%94%E5%8F%91%E8%BF%9B%E5%B1%95) The company made significant R&D progress in integrated circuits, RF microwave, discrete devices, DPA, and environmental reliability testing, investing **10.746 million yuan** in R&D, representing **10.64% of operating revenue**, with **96 R&D personnel** - In integrated circuit testing technology, the company achieved **100ps-level dynamic parameter detection** capability for parallel multi-site, enhanced AD/DA full-parameter detection capability to **108dB signal-to-noise ratio**, and added heterogeneous integrated SIP chip detection capability (up to **1600Pin**) and Virtex-7 series FPGA detection capability[73](index=73&type=chunk) - RF microwave reliability testing technology covers a frequency range up to **9KHz～50GHz**, reaching advanced domestic levels[75](index=75&type=chunk) - DPA technology improved analysis capabilities for MEMS sensors and multi-chip modules, optimized flip-chip decapsulation technology, and established energy spectrum analysis technology[75](index=75&type=chunk) - Environmental reliability testing technology added capabilities such as space-borne payload testing and thermal vacuum experiments, and possesses multiple core technologies including "intelligent evaluation technology for mold testing results"[76](index=76&type=chunk)[77](index=77&type=chunk) R&D Investment Overview | Indicator | Current Period Amount (yuan) | Prior Year Period Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Expensed R&D Investment | 10,745,799.18 | 12,498,270.16 | -14.02 | | Total R&D Investment as a Percentage of Operating Revenue (%) | 10.64 | 22.48 | Decreased by 11.84 percentage points | R&D Personnel Overview | Indicator | Current Period Number | Prior Year Period Number | | :--- | :--- | :--- | | Number of Company R&D Personnel (persons) | 96 | 96 | | R&D Personnel as a Percentage of Total Company Staff (%) | 17.58 | 18.11 | | Total R&D Personnel Compensation (CNY 10,000) | 701.17 | 791.07 | | Average R&D Personnel Compensation (CNY 10,000) | 7.49 | 8.18 | [Risk Factors](index=32&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E5%9B%A0%E7%B4%A0) The company faces various risks, including performance decline, R&D and technology leakage, major quality incidents, talent loss, management challenges from business expansion, intensified market competition, declining gross margins, high accounts receivable, industry qualification and policy changes, and macroeconomic environment shifts - The company faces risks of performance decline or loss due to increased costs from equipment investment and factory leases, as well as delayed or reduced orders from adjustments in the downstream military industry and intensified market competition[90](index=90&type=chunk) - Technology R&D risks include failure to keep pace with the latest technological developments, increased R&D difficulty, and R&D failures; technology leakage risks stem from the loss of core technical personnel or disclosure of confidential information[91](index=91&type=chunk)[92](index=92&type=chunk) - The company faces the risk of major reliability testing quality incidents, which could impact its credibility, brand, and business operations[93](index=93&type=chunk) - The knowledge-intensive industry experiences fierce competition for talent, posing a risk that the company may struggle to continuously attract excellent talent or retain core technical personnel[94](index=94&type=chunk) - The company's gross margin faces a risk of decline, mainly influenced by factors such as increased bargaining power of downstream customers, continuous iteration of testing technologies, and intensified market competition[97](index=97&type=chunk)[98](index=98&type=chunk) - As of June 30, 2025, the company's book value of notes receivable was **29.9348 million yuan**, and accounts receivable was **196.3889 million yuan**, posing a risk of large balances and long collection cycles leading to bad debts[98](index=98&type=chunk) - Industry risks include military product market access qualifications not being obtained or renewed in a timely manner, and delays or reductions in orders due to continuous adjustments in the military industry; macroeconomic environment risks include changes in defense policies and upgrades to national military standards[99](index=99&type=chunk)[100](index=100&type=chunk) [Key Operating Performance During the Reporting Period](index=35&type=section&id=%E4%BA%94%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) During the reporting period, the company's operating revenue and net profit grew significantly due to increased military orders and market expansion, with notable changes in asset and liability structure and a substantial increase in equity investments [Main Business Analysis](index=35&type=section&id=%28%E4%B8%80%29%20%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business revenue and profit grew significantly due to increased military orders and market expansion, with improved gross margins in testing services, but net cash flow from operating activities decreased Financial Statement Item Variation Analysis (Jan-Jun 2025 vs. Prior Year Period) | Item | Current Period Amount (yuan) | Prior Year Period Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 100,997,222.77 | 55,593,342.63 | 81.67 | | Operating Cost | 55,306,208.96 | 34,097,537.78 | 62.20 | | Selling Expenses | 6,257,840.74 | 9,752,503.46 | -35.83 | | Financial Expenses | 321,952.37 | -1,044,250.37 | Not Applicable | | R&D Expenses | 10,745,799.18 | 12,498,270.16 | -14.02 | | Net Cash Flow from Operating Activities | 9,943,456.34 | 46,172,332.12 | -78.46 | | Net Cash Flow from Investing Activities | 7,310,067.93 | -20,870,603.56 | Not Applicable | | Net Cash Flow from Financing Activities | 1,012,095.75 | -47,180,403.29 | Not Applicable | - Operating revenue increased by **81.67%**, mainly due to increased orders in the military industry and effective market expansion[104](index=104&type=chunk) - Total profit and net profit attributable to shareholders of the listed company turned profitable, primarily due to increased operating revenue and improved gross margin in testing services[21](index=21&type=chunk) - Net cash flow from operating activities decreased by **78.46%**, mainly due to reduced sales collections and maturing commercial bills[104](index=104&type=chunk) [Analysis of Assets and Liabilities](index=36&type=section&id=%28%E4%B8%89%29%20%E8%B5%84%E4%BA%A7%E3%80%81%E8%B4%9F%E5%80%BA%E6%83%85%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, total assets were **1.798 billion yuan** and total liabilities were **146 million yuan**, with significant changes across various asset and liability items Asset and Liability Status Changes (Period-end vs. Prior Year-end) | Item Name | Current Period-end Amount (yuan) | Prior Year-end Amount (yuan) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Notes Receivable | 29,934,840.28 | 51,862,503.47 | -42.28 | Commercial acceptance bills received at prior period-end matured and were cashed in current period | | Prepayments | 5,207,222.90 | 2,819,681.48 | 84.67 | Increased prepayments to suppliers | | Other Receivables | 3,818,595.96 | 2,562,833.11 | 49.00 | New bid deposits in current period | | Construction in Progress | 3,301,303.46 | 1,650,443.51 | 100.03 | Wenchang Engineering Center project for testing reliability commenced construction | | Intangible Assets | 34,369,294.22 | 10,883,651.32 | 215.79 | Hainan Guoxing Feice obtained state-owned construction land use rights in current period | | Notes Payable | 1,632,595.85 | 2,557,537.22 | -36.17 | Notes payable at prior period-end were paid in current period | | Contract Liabilities | - | 283,018.87 | -100.00 | Contract performance obligations completed, transferred to revenue | | Employee Benefits Payable | 5,392,609.60 | 11,601,220.40 | -53.52 | Prior period-end balance included unpaid year-end bonuses | | Taxes Payable | 1,646,108.49 | 521,638.57 | 215.56 | Increased revenue and profit in current period led to increased related taxes | | Other Current Liabilities | - | 16,981.13 | -100.00 | Prior period-end deferred output tax transferred in current period | | Deferred Income | - | 290,000.00 | -100.00 | Deferred income fully amortized in current period | [Analysis of Investment Status](index=37&type=section&id=%28%E5%9B%9B%29%20%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company's total external equity investment was **31.01 million yuan**, a **1450.5% increase** year-on-year, primarily for establishing Hainan Guoxing Feice Technology Co., Ltd Overall Analysis of External Equity Investments | Indicator | Investment Amount in Reporting Period (yuan) | Investment Amount in Prior Year Period (yuan) | Change | | :--- | :--- | :--- | :--- | | Total Investment Amount | 31,010,000 | 2,000,000 | 1450.5% | - The company established a new wholly-owned subsidiary, Hainan Guoxing Feice Technology Co., Ltd., with an investment of **31.01 million yuan** from its own funds, primarily for testing and experimental services[109](index=109&type=chunk) [Analysis of Major Holding and Participating Companies](index=38&type=section&id=%28%E5%85%AD%29%20%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company's main subsidiaries, including Jiangsu Qiwei, Xi'an Huanyuxin, Shaanxi Haice, and Hainan Guoxing Feice, all provide testing services, with Jiangsu Qiwei and Xi'an Huanyuxin profitable, while Shaanxi Haice and Hainan Guoxing Feice incurred losses Financial Status of Major Subsidiaries (Unit: CNY 10,000) | Company Name | Company Type | Main Business | Registered Capital | Total Assets | Net Assets | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangsu Qiwei Testing Technology Co., Ltd. | Subsidiary | Testing Services | 8,000 | 38,478.05 | 36,492.96 | 3,973.45 | 122.23 | 140.86 | | Xi'an Huanyuxin Microelectronics Co., Ltd. | Subsidiary | Testing Services | 2,200 | 10,561.52 | 6,425.38 | 1,722.09 | 124.03 | 127.9 | | Shaanxi Haice Electronic Technology Service Co., Ltd. | Subsidiary | Testing Services | 6,000 | 17,579.41 | 7,842.60 | 1,140.38 | -540.18 | -457.09 | | Hainan Guoxing Feice Technology Co., Ltd. | Subsidiary | Testing Services | 6,000 | 3,146.99 | 3,111.03 | - | -93.43 | -93.43 | [Corporate Governance, Environment, and Society](index=40&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section covers changes in the company's directors, supervisors, senior management, and core technical personnel, as well as profit distribution plans, equity incentive programs, and environmental information disclosure [Changes in Company Directors, Supervisors, Senior Management, and Core Technical Personnel](index=40&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E6%A0%B8%E5%BF%83%E6%8A%80%E6%9C%AF%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, there were no changes in the company's directors, supervisors, senior management, or core technical personnel - During the reporting period, there were no changes in the company's directors, supervisors, senior management, or core technical personnel[113](index=113&type=chunk) [Profit Distribution or Capital Reserve Conversion Plan](index=40&type=section&id=%E4%BA%8C%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company's Board of Directors resolved not to proceed with any profit distribution or capital reserve conversion to share capital for this reporting period - There is no profit distribution plan or capital reserve conversion to share capital plan for this reporting period[4](index=4&type=chunk) [Status and Impact of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=40&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D) The Board of Directors resolved to cancel the unvested portion of the second-class restricted shares granted under the 2023 Restricted Stock Incentive Plan - On April 25, 2025, the company's Board of Directors convened a meeting and approved the "Proposal on Cancelling the Unvested Portion of the Second-Class Restricted Shares Granted Under the 2023 Restricted Stock Incentive Plan"[114](index=114&type=chunk) [Environmental Information of Listed Companies and Their Major Subsidiaries Included in the List of Enterprises Required to Disclose Environmental Information by Law](index=41&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%B3%E5%85%A5%E7%8E%AF%E4%BF%A1%E6%8A%AB%E9%9C%B2%E4%BC%81%E4%B8%9A%E5%90%8D%E5%8D%95%E7%9A%84%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E7%9A%84%E7%8E%AF%E4%BF%A1%E6%83%85%E5%86%B5) The company is not on the list of enterprises required to disclose environmental information by law, thus relevant disclosure requirements do not apply - The company is not subject to environmental information disclosure requirements by law[116](index=116&type=chunk) [Significant Matters](index=42&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details the fulfillment of commitments, absence of non-operating fund occupation or illegal guarantees, audit status, rectification of prior audit opinions, and other major events [Fulfillment of Commitments](index=42&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) All commitments made by the company's controlling shareholders, actual controllers, directors, supervisors, senior management, and other shareholders during the initial public offering were strictly fulfilled within the reporting period - The company's controlling shareholder, Jianshui Quanjun, and shareholder Xinyu Huanya, committed not to transfer pre-IPO shares within **36 months** from the listing date, and these commitments have been strictly fulfilled in a timely manner[118](index=118&type=chunk)[123](index=123&type=chunk) - The company's actual controller and chairman, Zhang Ya, committed not to transfer indirectly held pre-IPO shares within **36 months** from the listing date, and this commitment has been strictly fulfilled in a timely manner[118](index=118&type=chunk)[126](index=126&type=chunk) - The company and relevant parties bear legal responsibility for the truthfulness, accuracy, and completeness of information disclosed in the prospectus, and committed to initiating a share repurchase program if fraudulent issuance occurs; all related commitments have been strictly fulfilled[157](index=157&type=chunk)[161](index=161&type=chunk) - The controlling shareholder and actual controller committed not to unduly interfere with the company's operations or infringe upon its interests, and to effectively implement measures to mitigate the dilution of immediate returns, all of which have been strictly fulfilled[167](index=167&type=chunk)[168](index=168&type=chunk) - The controlling shareholder and actual controller committed to avoiding horizontal competition and regulating related-party transactions, both of which have been strictly fulfilled[182](index=182&type=chunk)[184](index=184&type=chunk)[186](index=186&type=chunk)[188](index=188&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties During the Reporting Period](index=63&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) During the reporting period, there was no non-operating fund occupation by controlling shareholders or other related parties - During the reporting period, the company had no non-operating fund occupation by controlling shareholders or other related parties[5](index=5&type=chunk) [Illegal Guarantees](index=63&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) During the reporting period, the company did not provide any external guarantees in violation of prescribed decision-making procedures - During the reporting period, the company did not provide any external guarantees in violation of prescribed decision-making procedures[5](index=5&type=chunk) [Semi-Annual Report Audit Status](index=64&type=section&id=%E5%9B%9B%E3%80%81%E5%8D%8A%E5%B9%B4%E6%8A%A5%E5%AE%A1%E8%AE%A1%E6%83%85%E5%86%B5) This semi-annual report has not been audited - This semi-annual report has not been audited[4](index=4&type=chunk) [Changes and Handling of Matters Related to Non-Standard Audit Opinions in the Prior Year's Annual Report](index=64&type=section&id=%E4%BA%94%E3%80%81%E4%B8%8A%E5%B9%B4%E5%B9%B4%E5%BA%A6%E6%8A%A5%E5%91%8A%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E6%B6%89%E5%8F%8A%E4%BA%8B%E9%A1%B9%E7%9A%84%E5%8F%98%E5%8C%96%E5%8F%8A%E5%A4%84%E7%90%86%E6%83%85%E5%86%B5) The company is under investigation by the CSRC for alleged information disclosure violations and received a rectification order and warning letter from the Sichuan Securities Regulatory Bureau, implementing multiple corrective measures - On January 17, 2025, the company received a "Notice of Case Filing" from the China Securities Regulatory Commission (CSRC) and was placed under investigation for alleged information disclosure violations[200](index=200&type=chunk) - On the same day, the company received a "Decision on Ordering Rectification and Issuing Warning Letters to Relevant Responsible Persons of Chengdu Screen Microelectronics Co., Ltd." from the Sichuan Securities Regulatory Bureau[200](index=200&type=chunk) - The company has formulated and implemented multiple rectification measures, including organizing the finance department to correct errors, improving internal controls for revenue recognition, strengthening financial personnel training, enhancing overall compliance awareness, and leveraging internal audit supervision functions[201](index=201&type=chunk)[202](index=202&type=chunk) [Major Litigation and Arbitration Matters](index=64&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no major litigation or arbitration matters - The company had no major litigation or arbitration matters in this reporting period[201](index=201&type=chunk) [Alleged Violations, Penalties, and Rectification by Listed Company, Its Directors, Supervisors, Senior Management, Controlling Shareholders, and Actual Controllers](index=64&type=section&id=%E5%85%AB%E3%80%81%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%B6%89%E5%AB%8C%E8%BF%9D%E6%B3%95%E8%BF%9D%E8%A7%84%E3%80%81%E5%8F%97%E5%88%B0%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company received a rectification order and warning letter from the Sichuan Securities Regulatory Bureau for information disclosure violations and is actively implementing corrective measures to improve disclosure quality and prevent recurrence - On January 17, 2025, the company received a "Decision on Ordering Rectification and Issuing Warning Letters to Relevant Responsible Persons of Chengdu Screen Microelectronics Co., Ltd." from the Sichuan Securities Regulatory Bureau[201](index=201&type=chunk) - The company has organized its finance department to correct errors, retrospectively adjusting data and disclosure documents for periodic and annual reports from 2022 onwards[201](index=201&type=chunk) - The company has improved internal controls related to revenue recognition, strengthened control over key nodes in business processes, and organized training for financial personnel and business departments on relevant laws, regulations, and accounting standards[201](index=201&type=chunk) - The company has established a long-term mechanism to continuously standardize internal audit supervision functions, ensuring the professionalism, standardization, and accuracy of financial accounting, and enhancing the quality of information disclosure[202](index=202&type=chunk) [Explanation of the Integrity Status of the Company, Its Controlling Shareholders, and Actual Controllers During the Reporting Period](index=65&type=section&id=%E4%B9%9D%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) During the reporting period, there were no special remarks regarding the integrity status of the company, its controlling shareholders, or actual controllers, indicating no significant integrity issues - During the reporting period, there were no special remarks regarding the integrity status of the company, its controlling shareholders, or actual controllers[203](index=203&type=chunk) [Major Related-Party Transactions](index=65&type=section&id=%E5%8D%81%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company had no major related-party transactions - During the reporting period, the company had no major related-party transactions[204](index=204&type=chunk) [Major Contracts and Their Fulfillment](index=66&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%20%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company had no entrustment, contracting, or leasing matters, nor any major guarantees or other significant contracts - During the reporting period, the company had no entrustment, contracting, or leasing matters[205](index=205&type=chunk) - During the reporting period, the company had no major guarantees[205](index=205&type=chunk) - During the reporting period, the company had no other major contracts[205](index=205&type=chunk) [Explanation of Progress in Use of Raised Funds](index=68&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%20%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E8%BF%9B%E5%B1%95%E8%AF%B4%E6%98%8E) The company's IPO raised **1.2525 billion yuan** net, with **647.6877 million yuan** cumulatively invested by period-end (**51.71%** progress), including **250 million yuan** of over-raised funds (**39.44%** progress), and **588 million yuan** in idle funds for cash management Overall Use of Raised Funds | Indicator | Amount (CNY 10,000) | | :--- | :--- | | Total Raised Funds | 138,825 | | Net Raised Funds | 125,250.66 | | Total Investment Pledged in Prospectus | 61,856.41 | | Total Over-Raised Funds | 63,394.25 | | Total Raised Funds Cumulatively Invested as of Period-end | 64,768.77 | | Of which: Total Over-Raised Funds Cumulatively Invested as of Period-end | 25,000.00 | | Cumulative Investment Progress of Raised Funds as of Period-end (%) | 51.71 | | Cumulative Investment Progress of Over-Raised Funds as of Period-end (%) | 39.44 | | Amount Invested in Current Year | 12,083.15 | Detailed Use of Raised Funds for Investment Projects (Unit: CNY 10,000) | Project Name | Planned Total Investment of Raised Funds | Total Raised Funds Cumulatively Invested as of Period-end | Cumulative Investment Progress as of Period-end (%) | | :--- | :--- | :--- | :--- | | Chengdu Testing and Experiment Base Construction Project | 17,519.82 | 12,362.92 | 70.57 | | Environmental Testing Center Construction Project | 6,804.39 | 4,460.53 | 65.55 | | Wuxi Testing and Experiment Base Construction Project | 16,681.91 | 6,289.63 | 37.70 | | R&D Center Construction Project | 14,850.29 | 10,708.24 | 72.11 | | Replenishment of Working Capital | 6,000.00 | 5,947.45 | 99.12 | | **Total** | **61,856.41** | **39,768.77** | **--** | - As of June 30, 2025, the company's balance of temporarily idle raised funds used for cash management was **588 million yuan**[214](index=214&type=chunk) [Share Changes and Shareholder Information](index=73&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital, shareholder structure, and the shareholding status of directors, supervisors, senior management, and core technical personnel [Changes in Share Capital](index=73&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, there were no changes in the company's total ordinary shares or share capital structure - During the reporting period, there were no changes in the company's total ordinary shares or share capital structure[217](index=217&type=chunk) [Shareholder Information](index=73&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **5,164 ordinary shareholders**, with controlling shareholder Jianshui Quanjun holding **54.91%** of restricted shares, and He Hongmei holding **1.55%** through combined accounts - As of the end of the reporting period, the total number of ordinary shareholders was **5,164**[218](index=218&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name | Number of Shares Held at Period-end (shares) | Percentage (%) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | | Jianshui Quanjun Enterprise Management Center (Limited Partnership) | 54,908,065 | 54.91 | 54,908,065 | | Ningbo Tongtaixin Venture Capital Partnership (Limited Partnership) | 4,610,000 | 4.61 | 0 | | Ningbo Tongyuan Youbo Venture Capital Partnership (Limited Partnership) | 2,460,000 | 2.46 | 0 | | Xinyu Huanya Nuojin Enterprise Management Co., Ltd. | 1,818,135 | 1.82 | 1,818,135 | | He Hongmei | 1,548,465 | 1.55 | 0 | | Chaos Tiancheng Futures Co., Ltd. | 1,350,527 | 1.35 | 0 | | Sichuan Development Securities Investment Fund Management Co., Ltd. - Sichuan Capital Market Relief and Development Investment Fund Partnership (Limited Partnership) | 837,837 | 0.84 | 0 | | Jiangxi Hongwei Steel Structure Engineering Co., Ltd. | 760,413 | 0.76 | 0 | | Su Gang | 576,500 | 0.58 | 0 | | Hu Lijun | 523,048 | 0.52 | 0 | - He Hongmei holds **1,548,465 shares**, with **1,461,071 shares** held through ordinary securities accounts and **87,394 shares** through credit securities accounts[219](index=219&type=chunk) - The company's dedicated share repurchase account holds **1,419,877 shares**, accounting for **1.42%** of the company's total shares at the end of this reporting period[223](index=223&type=chunk) [Information on Directors, Supervisors, Senior Management, and Core Technical Personnel](index=76&type=section&id=%E4%B8%89%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E6%A0%B8%E5%BF%83%E6%8A%80%E6%9C%AF%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) During the reporting period, there were no changes in the shareholding or equity incentives granted to current and former directors, supervisors, senior management, and core technical personnel - During the reporting period, there were no changes in the shareholding of the company's current and former directors, supervisors, senior management, and core technical personnel[226](index=226&type=chunk) - During the reporting period, the company's directors, supervisors, senior management, and core technical personnel were not granted stock options, first-class restricted shares, or second-class restricted shares[226](index=226&type=chunk)[227](index=227&type=chunk) [Bond-Related Information](index=78&type=section

证券代码：688053 证券简称：思科瑞 公告编号：2025-034 成都思科瑞微电子股份有限公司 关于 2025 年第二季度计提资产减值准备的公告 二、 计提减值准备事项的具体说明 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。 一、2025 年二季度计提资产减值准备情况 （二）资产减值损失 单位：万元 项 目 本期金额 信用减值损失 应收账款坏账损失 401.21 其他应收款坏账损失 -18.47 应收票据坏账损失 73.7 456.44 资产减值损失-存货跌价损失 169.39 625.83 为真实反映公司的财务状况、资产价值及经营情况，根据《企业会计准则》以 及公司会计政策、会计估计的相关规定，本着谨慎性原则，公司对合并报表范围内 截至2025年6月30日的存货进行了减值测试。经测试，2025年第二季度计提资产减值 损失169.39万元，其中存货跌价损失169.39万元。 根据《企业会计准则》和相关会计政策的相关规定，结合公司的实际情况，为 了真实、准确地反映公司2025年半年度的财务状况和经营成果，基于谨慎性原则 ...