Core Viewpoint - The company reported a significant revenue growth of 61.7% year-on-year for the first half of 2025, driven by the rapid development of the low-altitude economy, while also showing improvements in profit margins despite still reporting a net loss [1] Financial Performance - In 1H25, the company achieved a revenue of 130 million yuan, with a net profit attributable to shareholders of -36 million yuan, an improvement from -53 million yuan in 1H24 [1] - The second quarter of 2025 saw a notable revenue increase of 71.2% year-on-year and a 147.3% quarter-on-quarter growth, reaching 100 million yuan [1] - The gross margin for 1H25 improved by 4.0 percentage points to 53.2%, while the net margin improved by 36.1 percentage points to -28.2% [1] Product Development and Market Expansion - The company upgraded its JOS-C700 vertical take-off and landing fixed-wing unmanned system, achieving breakthroughs in environmental adaptability and intelligence [2] - The launch of the JOS-P200 multi-rotor unmanned system features modular and lightweight design, supporting both fixed and mobile deployments [2] - The company is expanding its low-altitude data service system across various regions, including Ba Zhong and Shao Xing, and is actively pursuing overseas market opportunities [2] Research and Development Investment - R&D investment increased by 13.4% year-on-year, primarily due to investments in fixed-wing and multi-rotor unmanned systems [3] - The company reduced its period expense ratio by 26.2 percentage points to 77.7%, with decreases in sales, management, and R&D expense ratios [2] Cash Flow and Future Outlook - The net cash flow from operating activities for 1H25 was -80 million yuan, an improvement from -100 million yuan in the same period last year [4] - The company is positioned to benefit from the growth of the low-altitude economy, with projected net profits of 7 million yuan, 60 million yuan, and 125 million yuan for 2025 to 2027 [4]

Financial Performance - The company reported a total revenue of 135 million yuan for the first half of 2025, representing a year-on-year increase of 61.72% [1] - The net profit attributable to shareholders was -36.34 million yuan, an improvement of 31.47% compared to the previous year [1] - The gross margin increased to 53.23%, up 12.94% year-on-year, while the net margin improved to -28.15%, a 56.15% increase [1] - Total expenses (selling, administrative, and financial) amounted to 78.51 million yuan, accounting for 58.3% of revenue, a decrease of 25.3% year-on-year [1] Balance Sheet Highlights - Inventory saw a significant increase, with a year-on-year growth of 44.69% [1] - Cash and cash equivalents decreased by 40.8% due to increased payments for goods and investment expenditures [2] - Long-term equity investments surged by 286.45% due to increased investment in a subsidiary [2] - The company’s total liabilities decreased by 32.56%, reflecting a reduction in interest-bearing debt [1][2] Operational Insights - The company focuses on the development, production, and sales of industrial drone products, positioning itself as a leading player in the domestic market [7] - The product lineup includes various types of drones, such as vertical take-off fixed-wing drones and multi-rotor drones, catering to diverse applications [8] - The company has established a comprehensive system for drone applications, integrating cloud platforms and industry-specific solutions [7] Market Position - The company is recognized for its core technological advantages in intelligent control and drone design, with some products reaching international standards [7] - Recent financial reports indicate a general trend of improving operational metrics, although the company has faced challenges in achieving positive net profits historically [5]

（文章来源：证券日报） 证券日报网讯 8月22日晚间，纵横股份发布公告称，成都纵横自动化技术股份有限公司控股股东、实际 控制人任斌先生因离婚进行财产分割，将其持有的公司股份9，996，000股股份分割给邝明芳女士。近 日公司收到任斌先生通知，得知其已取得中国证券登记结算有限责任公司出具的《证券过户登记确认 书》，其直接持有的公司股份9，996，000股（占公司总股本的11.41%）通过证券非交易过户的方式登 记至邝明芳女士名下，相关手续已办理完毕。 ...

Investment Rating - The report maintains a "Recommended" rating for the company, considering its leading position and multi-field layout both domestically and internationally [4][6]. Core Viewpoints - The company achieved a revenue of 130 million yuan in 1H25, representing a year-over-year growth of 61.7%, while the net profit attributable to the parent company improved to -36 million yuan from -53 million yuan in 1H24 [1]. - The second quarter of 2025 saw significant growth, with a revenue of 100 million yuan, a year-over-year increase of 71.2% and a quarter-over-quarter increase of 147.3% [1]. - The company is expanding its market presence through innovative product development and a comprehensive low-altitude data service system, which is being applied in various regions [2]. - Research and development investments have increased by 13.4%, reinforcing the company's technological barriers [3]. Summary by Sections Financial Performance - In 1H25, the gross profit margin increased by 4.0 percentage points to 53.2%, and the net profit margin improved by 36.1 percentage points to -28.2% [1]. - The company reported a net cash flow from operating activities of -80 million yuan in 1H25, an improvement from -100 million yuan in the same period last year [3]. Market Expansion - The company has launched new products, including the JOS-C700 and JOS-P200 unmanned systems, enhancing its capabilities in various applications such as logistics and emergency response [2]. - The company is actively pursuing international market opportunities, particularly in regions aligned with the Belt and Road Initiative [2]. Research and Development - The company has reduced its expense ratios significantly, with the R&D expense ratio decreasing by 4.3 percentage points to 19.4% [3]. - The focus on R&D is aimed at solidifying the company's competitive edge in the industrial drone sector [3]. Profit Forecast - The projected net profits for 2025, 2026, and 2027 are 7 million yuan, 60 million yuan, and 125 million yuan, respectively, indicating substantial growth potential [5].

证券代码：688070 证券简称：纵横股份 公告编号：2025-044 成都纵横自动化技术股份有限公司 关于股东权益变动进展暨股份完成过户登记的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次权益变动为控股股东、实际控制人解除婚姻关系进行财产分割所致， 属于非交易过户，不触及要约收购。 本次非交易过户前后，任斌先生、邝明芳女士持股情况如下： | 股东姓名 | 股份性质 | 本次非交易过户前 | | 本次非交易过户后 | | | --- | --- | --- | --- | --- | --- | | | | 持股数量（万股） | 持股比例 | 持股数量（万股） | 持股比例 | | 任斌 | 无限售流通股 | 2,050.20 | 23.41% | 1,050.60 | 12.00% | | 邝明芳 | 无限售流通股 | 0 | 0 | 999.60 | 11.41% | | 合计 | / | 2,050.20 | 23.41% | 2,050.20 | 23.41% | 三、本次权益变动对公司 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：688070 公司简称：纵横股份 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到www.sse.com.cn网站仔细阅读半年度报告全文。 1.2重大风险提示 公司已在本报告中详细阐述公司在生产经营过程中可能面临的各种风险及应对措施，敬请投资者关注本 报告第三节"管理层讨论与分析"之"四、风险因素"中的内容。 1.3本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.4公司全体董事出席董事会会议。 1.5本半年度报告未经审计。 1.6董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 1.7是否存在公司治理特殊安排等重要事项 □适用 √不适用 第二节 公司基本情况 2.1公司简介 公司股票简况 ■ 公司存托凭证简况 □适用 √不适用 单位: 万股 ■ 2.4前十名境内存托凭证持有人情况表 □适用 √不适用 联系人和联系方式 ■ 2.2主要财务数据 单位： ...

Group 1 - The company, Chengdu Zongheng Automation Technology Co., Ltd., will hold a half-year performance briefing on September 10, 2025, from 14:00 to 15:00 [2][5][6] - Investors can submit questions for the briefing from September 3 to September 9, 2025, via the Shanghai Stock Exchange Roadshow Center or the company's email [2][6] - The briefing will be conducted in an interactive online format, allowing for real-time communication regarding the company's operating results and financial indicators [3][4] Group 2 - The company will also hold its third extraordinary general meeting of shareholders on September 9, 2025, at 14:00 [9][10] - The voting for the general meeting will be conducted through a combination of on-site and online methods [10][12] - Shareholders must register for the meeting by September 8, 2025, and can participate either in person or via proxy [18][20]

Core Viewpoint - Chengdu JOUAV Automation Technology Co., Ltd. reported significant growth in revenue for the first half of 2025, with operating income reaching approximately 134.66 million yuan, a 61.72% increase compared to the same period last year, although net losses were reduced [2][21]. Company Overview and Financial Indicators - The company specializes in the research, production, sales, and service of industrial drone-related products, positioning itself as a leading and competitive player in the domestic industrial drone sector [6][21]. - Key financial data for the first half of 2025 includes: - Operating income: 134,655,636.24 yuan, up 61.72% from 83,266,371.08 yuan in the same period last year [2]. - Total profit: -37,423,999.07 yuan, an improvement from -53,140,737.04 yuan [3]. - Net profit attributable to shareholders: -36,335,278.67 yuan, compared to -53,022,193.47 yuan [3]. - Basic earnings per share: -0.41 yuan, improved from -0.61 yuan [3]. - Net assets attributable to shareholders: 579,939,103.41 yuan, a 1.79% increase from the previous year [3]. Industry Situation - The industrial drone industry is experiencing rapid growth, driven by advancements in technology and increasing applications across various sectors, including emergency response, energy, and environmental monitoring [5][21]. - The low-altitude economy has been recognized as a national strategy, with predictions indicating that the market could reach 3.5 trillion yuan by 2035, presenting significant opportunities for industrial drones [5]. Main Business Situation - The company focuses on providing intelligent, platform-based, and tool-oriented industrial drone systems, with a comprehensive product lineup that includes vertical take-off and landing fixed-wing drones, multi-rotor drones, and unattended systems [6][21]. - The company has developed a cloud-based platform that integrates various applications and services, enhancing the operational capabilities of its drone systems [7][12]. Product Development and Innovation - The company has made significant advancements in its product offerings, including the launch of new models such as the CW-100 emergency version drone, which can operate in complex terrains and provide real-time data collection [10][21]. - Continuous investment in research and development has led to the introduction of innovative solutions, such as the JOS-C700 vertical take-off and landing drone system, which enhances environmental adaptability and emergency response capabilities [21]. Market Applications - The company’s drones are utilized in various applications, including urban governance, emergency rescue, logistics, and environmental monitoring, demonstrating their versatility and effectiveness in addressing industry needs [19][21]. - The integration of AI and advanced sensors into drone systems has enabled enhanced data collection and analysis, further expanding their application scope [19][21].

Core Viewpoint - Chengdu Zongheng Automation Technology Co., Ltd. reported significant growth in revenue for the first half of 2025, with a year-on-year increase of 61.72% in operating income, reaching approximately 134.66 million yuan [1][2]. Company Overview - The total assets of the company at the end of the reporting period were approximately 1.02 billion yuan, reflecting a decrease of 3.85% compared to the end of the previous year [1]. - The net assets attributable to shareholders at the end of the reporting period were not specified, but the company reported a net loss of approximately 36.34 million yuan [1][2]. Financial Performance - The operating income for the reporting period was approximately 134.66 million yuan, compared to 83.27 million yuan in the same period last year [1]. - The total profit for the period was a loss of approximately 37.42 million yuan, an improvement from a loss of approximately 53.14 million yuan in the previous year [1][2]. - The basic and diluted earnings per share were both reported at -0.41 yuan, showing an improvement from -0.61 yuan in the same period last year [2]. Shareholder Information - The total number of shareholders at the end of the reporting period was 5,873 [2]. - The largest shareholder, Ren Bin, holds 23.41% of the shares, amounting to approximately 2,050.2 million yuan [2][3].

成都纵横自动化技术股份有限公司 本公司监事会及全体监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、监事会会议召开情况 成都纵横自动化技术股份有限公司（以下简称"公司"）第三届监事会第七 次会议于 2025 年 8 月 21 日在公司以通讯会议方式召开，本次会议应到监事 3 人，实际出席会议监事 3 人，本次会议的召集和召开程序符合有关法律、行政法 规、部门规章、规范性文件和《成都纵横自动化技术股份有限公司章程》（以下 简称"《公司章程》"）的规定，会议决议合法、有效。 证券代码：688070 证券简称：纵横股份 公告编号：2025-040 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《成 都纵横自动化技术股份有限公司 2025 年半年度募集资金存放与使用情况的专项 报告》（公告编号：2025-039）。 表决结果为：同意 3 票，反对 0 票，弃权 0 票。 二、监事会会议审议情况 本次会议由监事会主席陈鹏先生主持，经全体监事表决，形成决议如下： 一、审议通过《关于公司 2025 年半年度报告及摘要的议 ...