Group 1 - The company is holding its first extraordinary general meeting of shareholders in 2025 on September 15, 2025, at 14:30, located at the company's office building in Taizhou, Jiangsu Province [6][7] - The meeting will include a combination of on-site and online voting methods, with specific time slots for online voting outlined [5][6] - The agenda includes sign-in, announcement of the meeting's commencement, reading of meeting rules, election of vote counters, discussion of agenda items, and announcement of voting results [6][7] Group 2 - The company plans to reappoint Zhongzheng Tiantong Accounting Firm as the auditor for the fiscal year 2025, with audit fees set at 500,000 yuan for financial report auditing and 100,000 yuan for internal control auditing [7] - The decision to reappoint the auditing firm was approved in a board meeting held on August 28, 2025, and the details will be disclosed on the Shanghai Stock Exchange website [7]

江苏云涌电子科技股份有限公司 2025 年第一次临时股东大会会议资料 股票代码：688060 股票简称：云涌科技 江苏云涌电子科技股份有限公司 2025 年第一次临时股东大会会议资料 二〇二五年九月 江苏云涌电子科技股份有限公司 2025 年第一次临时股东大会会议资料 江苏云涌电子科技股份有限公司 2025 年第一次临时股东大会会议资料 目录 | 江苏云涌电子科技股份有限公司 | 2025 | 年第一次临时股东大会会议须知 2 | | | --- | --- | --- | --- | | 江苏云涌电子科技股份有限公司 | 2025 | 年第一次临时股东大会会议议程 4 | | | 江苏云涌电子科技股份有限公司 | 2025 | 年第一次临时股东大会会议议案 6 | | | 议案一：关于续聘 2025 | 年度审计机构议案 | | 6 | 1 江苏云涌电子科技股份有限公司 2025 年第一次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东及股东代理人在本公司 2025 年第一 次临时股东大会期间依法行使权利，保证股东大会的正常秩序和议事效率，根据《中 华人民共和国公司法》、《中华人民共和国证券法》、 ...

Core Insights - YunYong Technology (688060) reported a total revenue of 130 million yuan for the first half of 2025, representing a year-on-year increase of 26.55%, but the net profit attributable to shareholders was -8.86 million yuan, a decline of 254.58% compared to the previous year [1] - The company's second-quarter revenue reached 93.07 million yuan, up 84.46% year-on-year, while the net profit for the same period was -2.50 million yuan, down 204.57% [1] - The accounts receivable accounted for 73.49% of the total revenue, indicating a significant amount of outstanding payments [1] Financial Performance - Total revenue for 2024 was 103 million yuan, which increased to 130 million yuan in 2025, showing a growth of 26.55% [1] - The net profit for 2024 was 573.41 thousand yuan, which turned negative to -886.39 thousand yuan in 2025, reflecting a decline of 254.58% [1] - The gross margin decreased from 43.80% in 2024 to 32.23% in 2025, a drop of 26.42% [1] - The net margin shifted from 4.07% in 2024 to -7.79% in 2025, a significant decline of 291.66% [1] - The total of selling, administrative, and financial expenses was 20.78 million yuan, accounting for 15.99% of revenue, a slight decrease of 0.46% year-on-year [1] Cash Flow and Debt - The cash and cash equivalents decreased from 64.47 million yuan in 2024 to 49.81 million yuan in 2025, a decline of 22.74% [1] - Accounts receivable increased from 20.5 million yuan in 2024 to 21.8 million yuan in 2025, a growth of 6.65% [1] - Interest-bearing debt rose from 1.73 million yuan in 2024 to 2.17 million yuan in 2025, an increase of 25.40% [1] - The operating cash flow per share improved significantly from 0.03 yuan in 2024 to 0.27 yuan in 2025, an increase of 829.12% [1] Business Evaluation - The company's historical median ROIC since its IPO is 17.69%, but the worst year was 2024 with a ROIC of -3.93%, indicating poor investment returns [3] - The company has reported losses in three out of four annual reports since its IPO, suggesting a fragile business model [3] - The cash flow situation is concerning, with the average operating cash flow over the past three years being -356.56% of current liabilities [3]

Group 1 - The company, Jiangsu Yunyong Electronic Technology Co., Ltd., is holding its first extraordinary general meeting of shareholders in 2025 on September 15, 2025 [1][2] - The voting method for the meeting will combine on-site voting and online voting, with specific procedures for different types of shareholders [1][2][3] - The meeting will be held at the company's office located at 16 Tai'an Road, Hailing District, Taizhou, Jiangsu Province, starting at 14:30 [2][5] Group 2 - Shareholders must register to attend the meeting, with registration available from September 12, 2025, and specific documentation required for both individual and corporate shareholders [3][4][5] - The online voting system will be provided by the Shanghai Stock Exchange, with voting available from 9:15 to 15:00 on the day of the meeting [2][3] - The company will utilize a reminder service to notify shareholders about the meeting and voting procedures via SMS [3]

Core Viewpoint - Jiangsu Yunyong Electronics and Technology Co., Ltd. reported a revenue of 129.98 million yuan for the first half of 2025, representing a year-on-year growth of 26.55%, but incurred a net loss attributable to shareholders of 8.86 million yuan, indicating a significant decline in profitability due to increased sales and management expenses, as well as credit and asset impairment losses [1][3][4]. Financial Performance - The company achieved an operating income of 129.98 million yuan, up 26.55% from the previous year [3][4]. - The total profit for the period was -8.63 million yuan, a decrease of 311.82% compared to the previous year [3]. - The net profit attributable to shareholders was -8.86 million yuan, down 254.58% year-on-year [3][4]. - The net cash flow from operating activities was 16.53 million yuan, an increase of 829.12% compared to the previous year [3]. Business Focus and Strategy - The company is focusing on domestic substitution, new energy, and distribution network automation, which are high-market sectors, leading to a 34.60% increase in sales expenses [1][3]. - The company has set clear technology development goals, emphasizing new energy technologies such as virtual power plants and energy management systems, resulting in a 3.95% increase in R&D expenses [1][3]. - The company is enhancing its organizational structure and internal management, leading to a 16.27% rise in management expenses [1][3]. Industry Context - The industrial information security market is expected to grow rapidly due to increasing demands for security in industrial control systems, driven by advancements in 5G, AI, and IoT technologies [6][7]. - The Chinese power informationization industry is entering a rapid development phase, supported by significant investments from state-owned enterprises, with a total investment of 2.23 trillion yuan planned for the "14th Five-Year Plan" period [6][7]. - The new power system construction is accelerating the digital and intelligent transformation of the power grid, creating new opportunities for industrial information security and related technologies [7][8]. Product Development - The company has launched several core products in the industrial information security market, including domestic network communication devices and encryption systems, which have seen increased shipments since the second half of 2024 [1][10]. - Key products include a new generation of power-specific encryption gateways and a domestic network isolation device, which are widely used in industrial production and monitoring networks [10][11]. Future Outlook - The company is well-positioned to benefit from the growing emphasis on information security and digital transformation in various sectors, including energy, finance, and transportation, as the government continues to promote policies supporting the development of the information security industry [8][9].

Core Viewpoint - Jiangsu Yunyong Electronic Technology Co., Ltd. reported a significant increase in revenue but faced a net loss due to increased expenses related to market expansion and R&D efforts [2][4]. Financial Performance - The company achieved operating revenue of 129.98 million yuan, a year-on-year increase of 26.55% [2][4]. - The net profit attributable to the parent company was -8.86 million yuan, indicating a decline compared to the previous year [2][4]. - The net profit after deducting non-recurring gains and losses was -10.99 million yuan, reflecting a substantial decrease of 362.98% [4]. Expense Analysis - Sales expenses increased by 34.60% due to a strategic focus on domestic substitution, new energy, and automated distribution networks [2]. - R&D expenses grew by 3.95% as the company emphasized core technologies such as virtual power plants and energy management [2]. - Management expenses rose by 16.27% as the company improved its organizational structure and internal management [2]. Asset and Equity Status - Total assets at the end of the reporting period were approximately 989.13 million yuan, a decrease of 3.02% from the previous year [3]. - The net assets attributable to shareholders of the listed company showed stability, with no significant adverse changes in core business or competitive position [2][3]. Shareholder Information - The total number of shareholders at the end of the reporting period was 4,993 [4]. - Major shareholders include individuals with significant stakes, such as Gao Nan (33.64%) and Jiao Fu Wei (22.43%) [4].

Core Viewpoint - YunYong Technology reported a significant revenue growth of 26.55% year-on-year for the first half of 2025, driven by the release of industrial information security products from previous project reserves [1] Financial Performance - The company achieved an operating revenue of 130 million yuan in the first half of 2025 [1] - The net profit attributable to the parent company was -8.86 million yuan [1] - The net cash flow from operating activities was 16.53 million yuan [1] Business Growth Drivers - The key driver for revenue growth was the industrial information security business, which saw a year-on-year increase of 33.53% [1] - This growth was primarily attributed to the company's ongoing efforts in new power systems in recent years [1] Technological Development Goals - The company has set clear technological development goals, focusing on core technologies such as virtual power plants, microgrid energy management, and energy storage technology [1] - The company aims to rapidly develop these technologies through self-research, joint research, and technology integration [1] Industry Position - YunYong Technology is one of the early adopters of embedded technology in the industrial internet information security sector in China [1] - The company's products include industrial information security, new energy, trusted computing, and integrated archives, serving sectors such as electricity, energy, finance, and transportation [1]

Group 1 - The company, YunYong Technology, announced on August 28 that its fourth supervisory board's fifth meeting approved a proposal to use idle self-owned funds to purchase financial products [2]

Group 1 - The company, YunYong Technology (688060.SH), reported a revenue of 130 million yuan for the first half of 2025, representing a year-on-year growth of 26.55% [1] - The net profit attributable to the parent company's owners was a loss of 8.86 million yuan [1] - The net profit attributable to the parent company's owners, after deducting non-recurring gains and losses, was a loss of 10.99 million yuan [1] - The basic earnings per share were -0.1481 yuan [1]

证券代码：688060 证券简称：云涌科技 公告编号：2025-021 江苏云涌电子科技股份有限公司 续聘会计师事务所公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 拟续聘的会计师事务所名称：中证天通会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 （1）会计师事务所名称：中证天通会计师事务所（特殊普通合伙） 成立日期：2014 年 1 月 2 日 组织形式：特殊普通合伙 注册地址：北京市海淀区西直门北大街甲 43 号 1 号楼 13 层 1316-1326 首席合伙人：张先云 （2）2024 年年度末合伙人为 62 人，注册会计师为 379 人，签署过证券服 务业务审计报告的注册会计师为 98 人； （3）2024 年年度经审计的收入总额为 41,763.29 万元，审计业务收入为 24,637.37 万元，证券业务收入为 6,401.21 万元； （4）2024 年度上市公司年报审计客户家数 30 家，审计收费总额 3,599.00 万元，上市公司主要行 ...