Summary of the Conference Call for Ju Yi Technology Company Overview - **Company**: Ju Yi Technology - **Period**: First half of 2025 - **Revenue**: 1.899 billion RMB, a year-on-year increase of 25.9% [2][6] - **Net Profit**: Significant improvement with a net profit growth of 69.48% [3][6] Key Highlights Financial Performance - **Q2 Revenue Growth**: Q2 revenue increased by 42.45% year-on-year [2][6] - **Gross Margin**: Overall gross margin improved to 15.52%, with smart equipment at 17.43% and motor control at 12.79% [2][8] - **Operating Cash Flow**: Increased by 15.83% to 137 million RMB [2][3] - **Cash and Equivalents**: Grew by 42% to 1.097 billion RMB [2][3] Business Segments Smart Equipment - **Stable Performance**: New orders exceeded 1.8 billion RMB, with over 500 million RMB from overseas [2][5] - **Key Partnerships**: Collaborations with major automotive companies like BYD, Geely, and Tesla, accounting for over 80% of revenue [2][5] Motor Control Components - **Explosive Growth**: Revenue increased by over 100% year-on-year, with overseas revenue growing by over 150% [2][5] - **New Projects**: Significant increase in orders from clients like Ideal, Vietnam VF, and Changan [2][5] Strategic Initiatives R&D Investment - **R&D Spending**: 136 million RMB, a 22.47% increase, representing 7.14% of revenue [4][9] - **Focus Areas**: Development in smart connections, automation technology, and AI integration [4][10] Future Outlook - **Profitability Expectations**: Motor control business expected to reach breakeven, with potential profitability next year [4][15] - **International Expansion**: Plans to enhance international operations and supply chain channels [11][38] Operational Improvements - **Cost Management**: Reduction in three expense ratios by 0.37 percentage points [3][8] - **Accounts Receivable**: Decreased by 194 million RMB, with a credit impairment reversal of 10.04 million RMB [2][3][18] Market Positioning - **Automation in Assembly**: Focus on increasing automation in assembly lines, addressing the need for higher efficiency [31][32] - **AI Integration**: Ongoing development of AI applications to enhance operational efficiency and product quality [37][40] Conclusion - **Management Confidence**: Positive outlook for the second half of 2025, with expectations of improved business scale and operational efficiency [15][16][17]

Core Viewpoint - The company reported a revenue of 1.899 billion yuan for 1H25, representing a year-on-year increase of 26.0%, and a net profit attributable to shareholders of 40 million yuan, up 69.5% year-on-year, although the performance slightly missed expectations due to higher-than-expected expense growth [1] Financial Performance - For 1H25, the company achieved a revenue of 1.899 billion yuan, with a net profit of 40 million yuan and a non-recurring net profit of 25 million yuan, marking a turnaround from losses year-on-year [1] - In 2Q25, revenue was 939 million yuan, showing a quarter-on-quarter increase of 42.4% but a slight decline of 2.1% compared to the previous quarter; net profit was 13 million yuan, reflecting a year-on-year turnaround but a quarter-on-quarter decrease of 49.8% [1] Business Segments - The smart equipment business generated revenue of 1.117 billion yuan in 1H25, down 3.8% year-on-year, attributed to the company's focus on order quality; the electric drive business saw revenue of 781 million yuan, up 126.1% year-on-year, driven by significant projects with major clients [2] - The company secured over 1.8 billion yuan in new orders in 1H25, with more than 500 million yuan from overseas projects, indicating steady progress in its major client and international strategies [2] Profitability and Cost Management - The gross margins for the smart equipment and electric drive segments improved to 17.4% and 12.8%, respectively, benefiting from enhanced order quality and product structure optimization [3] - The expense ratio for 2Q25 was 15.3%, with management expenses slightly decreasing and R&D expenses increasing quarter-on-quarter [3] Future Outlook - The company is exploring opportunities in the humanoid robotics sector, positioning itself as a solution provider for industrial applications and aiming to leverage its technological expertise in smart equipment and electric control [3] - The company maintains its profit forecasts for 2025 and 2026 at 150 million yuan and 210 million yuan, respectively, with a target price increase of 35.1% to 38.5 yuan, indicating an 18.75% upside potential from the current stock price [4]

Group 1: Company Performance - Jia Ying Pharmaceutical reported a net profit of 20.08 million yuan for the first half of 2025, a year-on-year increase of 254.33% [1] - Aote Xun recorded a net loss of 28.97 million yuan for the first half of 2025, compared to a loss of 17.45 million yuan in the same period last year [1] - China Ruilin achieved a net profit of 74.75 million yuan, reflecting a year-on-year growth of 26.77% [1] - Shanxi Coking experienced a net loss of 77.61 million yuan, reversing from a profit of 184 million yuan in the previous year [3] - Dazhu Laser reported a net profit of 488 million yuan, a decline of 60.15% year-on-year [5] - Jin Zi Tian Zheng achieved a net profit of 21.66 million yuan, a year-on-year increase of 17.59% [7] - Bao Tai Long turned a profit with a net profit of 98.88 million yuan, compared to a loss of 192 million yuan in the previous year [9] - Qujiang Cultural Tourism reported a net loss of 13.88 million yuan, compared to a loss of 187 million yuan in the same period last year [9] - New Yisheng reported a net profit of 3.94 billion yuan, a year-on-year increase of 355.68% [11] - Blue Si Technology achieved a net profit of 1.14 billion yuan, reflecting a year-on-year growth of 32.68% [12] - Huichuan Technology reported a net profit of 2.97 billion yuan, a year-on-year increase of 40.15% [13] - Ju Yi Technology achieved a net profit of 39.79 million yuan, a year-on-year increase of 69.48% [15] - Ke Ma Technology reported a net profit of 172 million yuan, a year-on-year increase of 23.52% [22] Group 2: Company Announcements - ST Quan Wei's subsidiary signed a contract for a photovoltaic project worth approximately 1.125 billion yuan [10] - ST Ya Lian announced that its stock will be delisted from risk warnings starting August 27, 2025 [16] - Yang Fan New Materials announced that its controlling shareholder is under investigation [18] - Sairun Bio's rabies serum product has started sales in several provinces [20] - Hengsheng Electronics announced that a director plans to reduce holdings by up to 8 million shares [21] - Beijing Junzheng plans to issue H-shares and list on the Hong Kong Stock Exchange [21] - Guo An Da intends to invest 104 million yuan to gain control of Ke Wei Tai [22] - Ke Ma Technology plans to issue convertible bonds to raise up to 750 million yuan [23]

公司最新总资产周转率为0.24次，较去年同期总资产周转率增加0.03次，实现2年连续上涨，同比较去年同期上涨14.95%。最新存货周转率为0.53次，较去年 同期存货周转率增加0.09次，实现2年连续上涨，同比较去年同期上涨20.58%。 公司股东户数为6707户，前十大股东持股数量为9297.24万股，占总股本比例为67.76%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | 1 | 刘蕾 | 43.7. | | 2 | 合肥工业大学资产经营有限公司 | 5.51 | | 3 | 林巨广 | 4.56 | | 4 | 合肥道同股权投资合伙企业(有限合伙) | 4.37 | | 5 | 广东美的智能科技产业投资基金管理中心(有限合伙) | 2.38 | | റ | 马振飞 | 1.97 | | 7 | 王淑旺 | 1.64 | | 8 | 王健强 | 1.36 | | ਰੇ | 任永强 | 1.17 | | 10 | 张克林 | 1.01 | 2025年8月26日，巨一科技(688162.SH)发布2025年中报。 公司营业总收入为18.99亿元，较 ...

Group 1 - The core viewpoint of the news is that 巨一科技 (Ju Yi Technology) is experiencing significant financial activity, with a notable increase in revenue and net profit, alongside high financing and margin trading levels [1][2]. Group 2 - As of August 25, 2023, 巨一科技's stock price decreased by 0.52%, with a trading volume of 83.14 million yuan [1]. - The financing buy-in amount on that day was 10.17 million yuan, while the financing repayment was 12.79 million yuan, resulting in a net financing buy-in of -2.62 million yuan [1]. - The total financing and margin trading balance for 巨一科技 reached 104 million yuan, accounting for 2.34% of its circulating market value, which is above the 90th percentile level over the past year [1]. - On the same day, there were no shares sold or repaid in the margin trading segment, indicating a high level of inactivity [1]. Group 3 - As of June 30, 2023, the number of shareholders for 巨一科技 increased to 6,707, representing an 11.25% rise compared to the previous period [2]. - The average number of circulating shares per shareholder rose to 20,441 shares, a 97.12% increase [2]. - For the first half of 2023, 巨一科技 reported a revenue of 1.899 billion yuan, marking a year-on-year growth of 25.99% [2]. - The net profit attributable to the parent company was 39.79 million yuan, reflecting a year-on-year increase of 69.48% [2]. Group 4 - Since its A-share listing, 巨一科技 has distributed a total of 116 million yuan in dividends, with 74.70 million yuan paid out over the last three years [3].

公募基金方面，本期较上一季度新披露的公募基金共计1个，即鹏华智投数字经济混合A。本期较上一 季未再披露的公募基金共计2个，包括信澳星亮智选混合A、信澳星煜智选混合A。 2025年8月26日，巨一科技(688162.SH)发布2025年半年度报告。截至2025年8月25日，共有4个机构投资 者披露持有巨一科技A股股份，合计持股量达1683.26万股，占巨一科技总股本的12.27%。其中，机构 投资者包括合肥工业大学资产经营有限公司、合肥道同股权投资合伙企业(有限合伙)、广东美的智能科 技产业投资基金管理中心(有限合伙)、鹏华智投数字经济混合A，机构投资者合计持股比例达12.27%。 相较于上一季度，机构持股比例合计下跌了1.06个百分点。 MACD金叉信号形成，这些股涨势不错！ ...

Group 1 - The core viewpoint of the report highlights the financial performance of Anhui Juyi Technology Co., Ltd. for the first half of 2025, showing significant growth in revenue and net profit compared to the previous year [1] - Total assets increased by 6.89%, reaching approximately 8.12 billion yuan at the end of the reporting period, compared to 7.60 billion yuan at the end of the previous year [1] - Operating income rose by 25.99% to approximately 1.90 billion yuan, up from about 1.51 billion yuan in the same period last year [1] Group 2 - The total profit for the period was approximately 47.88 million yuan, reflecting a 10.83% increase from 43.20 million yuan in the previous year [1] - The net profit attributable to shareholders increased significantly by 429.74%, reaching approximately 24.51 million yuan compared to 4.63 million yuan in the same period last year [1] - The basic earnings per share rose by 70.59% to 0.29 yuan per share, up from 0.17 yuan per share in the previous year [1] Group 3 - The company reported a net cash flow from operating activities, although specific figures were not provided in the summary [1] - The weighted average return on net assets was not specified in the summary, indicating a focus on other financial metrics [1] - Research and development expenses as a percentage of operating income were not detailed in the report [1]

证券代码：688162 证券简称：巨一科技 公告编号：2025-030 安徽巨一科技股份有限公司 第二届董事会第二十一次会议决议公告 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。 一、董事会会议召开情况 次会议通知于 2025 年 8 月 12 日以电子邮件方式送达全体董事。 限公司章程》（以下简称"《公司章程》"）的有关规定。 二、董事会会议审议情况 公司 2025 年半年度报告及其摘要的编制和审议程序符合相关法律法规及 《公司章程》等内部规章制度的规定；公司 2025 年半年度报告及其摘要的内容 与格式符合相关规定，公允地反映了公司 2025 年半年度的财务状况和经营成果 等事项；半年度报告及其摘要编制过程中，未发现公司参与半年度报告及其摘要 编制和审议的人员有违反保密规定的行为；董事会全体董事保证公司 2025 年半 年度报告及其摘要披露的信息真实、准确、完整，不存在任何虚假记载、误导性 陈述或重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 本议 ...

证券代码：688162 证券简称：巨一科技 公告编号：2025-039 安徽巨一科技股份有限公司 关于 2025 年第二季度计提资产减值准备的公告 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、计提资产减值准备情况概述 根据《企业会计准则》以及安徽巨一科技股份有限公司（以下简称"公司"） 会计政策、会计估计的相关规定，为了真实、准确地反映公司截至 2025 年 6 月 子公司的资产进行了减值测试，对可能发生资产减值损失的相关资产计提减值准 备。 公司 2025 年第二季度确认的资产减值损失和信用减值损失合计为 1,294.75 万元。具体情况如下表所示： 单位：人民币万元 序号 项目 2025年第二季度计提金额 备注 应收票据坏账损失、应收账款坏账损失、 损失 二、计提资产减值准备事项的具体说明 （一） 信用减值损失 本次计提信用减值准备主要为应收票据坏账损失、应收账款坏账损失、应收 款项融资坏账损失和其他应收款坏账损失。在资产负债表日依据公司相关会计政 策和会计估计测算表明其中发生了减值的，公司按规定计提减值准备。 ...

证券代码：688162 证券简称：巨一科技 公告编号：2025-037 安徽巨一科技股份有限公司 关于开展外汇套期保值业务的公告 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： ●交易目的、交易品种、交易场所：为有效规避外汇市场的风险，防范汇率 波动对公司经营业绩造成不利影响，提高外汇资金使用效率，合理降低财务费用， 安徽巨一科技股份有限公司（以下简称"公司"）拟选择具有合法资质的、信用 级别高的商业银行等金融机构开展外汇套期保值业务，包括远期结/购汇、外汇 掉期、外汇期权、外汇互换等衍生产品业务或上述产品的组合。 二、拟开展的套期保值业务概述 （一）业务品种 公司拟开展的外汇套期保值包括远期结/购汇、外汇掉期、外汇期权、外汇 互换等衍生产品业务或上述产品的组合。涉及的币种为公司出口业务的主要结算 货币美元、欧元、英镑、日元等。 （二）业务规模及期限 公司拟开展的外汇套期保值业务资金额度不超过 10,000 万美元或等值外币， 额度在审批有效期内可循环滚动使用，但开展期限内任一时点的交易金额（含前 述外汇套 ...