证券代码：688283 证券简称：坤恒顺维 公告编号：2025-050 成都坤恒顺维科技股份有限公司 关于参加四川辖区 2025 年投资者网上集体接待日及 半年度报告业绩说明会活动的公告 2025 年 9 月 2 日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演（" https://rs.p5w.net） 参与本次互动交流，活动时间为 2025 年 9 月 12 日（周五）14:00-17:00。届时公司董 事长兼总经理张吉林先生、董事会秘书赵燕女士、财务负责人牟兰女士、独立董事逯 东先生（如有特殊情况参会人员将可能进行调整）将在线就公司业绩、公司治理、发 展战略、经营状况、可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢 迎广大投资者踊跃参与！ 特此公告。 成都坤恒顺维科技股份有限公司 董事会 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。 为进一步加强与投资者的互动交流，成都坤恒顺维科技股份有限公司（以下简称 "公司"）将参加由四川省上市公司协会、深圳市全景网络有限公司联合举办的"四 川辖区 202 ...

证券代码：688283 证券简称：坤恒顺维 公告编号：2025-049 成都坤恒顺维科技股份有限公司 特此公告。 成都坤恒顺维科技股份有限公司 董事会 2025 年 9 月 2 日 一、获得补助的基本情况 成都坤恒顺维科技股份有限公司（以下简称"公司"或"本公司"）于近日 收到政府补助资金共计 2,400.00 万元，由于前述补助资金所涉项目的牵头方为本 公司，后续公司需向项目的其他参研单位拨付部分补助款项，故公司实际获得的 政府补助资金合计为 1,587.81 万元，其中，与收益相关的政府补助资金为 1,573.84 万元，与资产相关的政府补助资金为 13.97 万元。 二、补助的类型及其对公司的影响 公司根据《企业会计准则第 16 号—政府补助》的相关规定划分上述事项所 涉政府补助的类型。 上述政府补助未经审计，具体会计处理以及对公司 2025 年度及以后年度损 益的影响最终以会计师事务所年度审计确认后的结果为准。敬请广大投资者注意 投资风险。 关于获得政府补助的公告 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。 ...

Group 1 - The core viewpoint of the news is that Chengdu Kunheng Shunwei Technology Co., Ltd. has seen a stock price increase of 5.16%, reaching 35.65 CNY per share, with a total market capitalization of 4.342 billion CNY [1] - The company, established on July 14, 2010, specializes in the research, development, production, and sales of high-end radio testing and simulation instruments, primarily serving sectors such as mobile communications, wireless networking, radar, electronic countermeasures, vehicle networking, and navigation [1] - The main revenue composition of the company includes 89.20% from radio testing and simulation instruments, 9.40% from other sources, and 1.40% from HBI modular components [1] Group 2 - From the perspective of the top ten circulating shareholders, E Fund's strategic emerging industry stock A (010391) holds 2.82% of the circulating shares, with a stable holding of 2.4124 million shares [2] - The fund has achieved a year-to-date return of 77.27%, ranking 43 out of 4223 in its category, and a one-year return of 127.21%, ranking 76 out of 3780 [2] - The fund manager, Ouyang Liangqi, has a total fund asset scale of 7.673 billion CNY, with the best fund return during his tenure being 85.17% and the worst being 52.28% [2]

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 69.47 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 3.65 billion yuan [1] - A total of 251 stocks saw net inflows, while 333 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 215 stocks rose, with one stock, Hangke Technology, hitting the daily limit, while 367 stocks fell [1] - The top three stocks with the highest net inflows were Yuntian Lifa (23.77 million yuan), Baijie Shenzhou (23.09 million yuan), and Daqian Energy (20.33 million yuan) [1] Continuous Fund Flow Analysis - There were 52 stocks with continuous net inflows for more than three trading days, with KHHW leading at nine consecutive days of inflow [1] - Conversely, 155 stocks had continuous net outflows, with ST Nuotai and Xuantai Pharmaceutical both experiencing 14 consecutive days of outflow [1] Top Fund Inflows - The top stocks by net inflow included: - Yuntian Lifa: 23.77 million yuan, 6.20% inflow rate, 6.38% increase [1] - Baijie Shenzhou: 23.09 million yuan, 9.56% inflow rate, 12.55% increase [1] - Daqian Energy: 20.33 million yuan, 16.32% inflow rate, 7.12% increase [1] Notable Outflows - The stock with the highest net outflow was SMIC, with a net outflow of 1.92 billion yuan and a 3.74% decrease [1] - Other significant outflows included Haiguang Information (864 million yuan) and Shijia Photon (382 million yuan) [1]

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 129.75 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 5.165 billion yuan [1] - A total of 220 stocks on the Sci-Tech Innovation Board saw net inflows, while 366 stocks experienced net outflows [1] Stock Performance - On the Sci-Tech Innovation Board, 123 stocks rose, with three stocks hitting the daily limit up, including Kaipu Cloud and Jingjin Electric [1] - Conversely, 462 stocks declined in value [1] Fund Flow Analysis - Among the stocks with net inflows, Aojie Technology led with a net inflow of 265 million yuan, followed by Xinyuan Technology and Zhongxin International with net inflows of 249 million yuan and 228 million yuan, respectively [1] - The stock with the highest net outflow was Haiguang Information, which saw a net outflow of 647 million yuan and a decline of 2.68% [1] Continuous Fund Flow - A total of 52 stocks have seen continuous net inflows for more than three trading days, with Bochu Electronics leading at nine consecutive days of inflow [1] - Conversely, 164 stocks have experienced continuous net outflows, with Dongxin Co., Ltd. and ST Nuotai both seeing 12 consecutive days of outflow [1] Top Stocks by Net Inflow - The top stocks by net inflow include: - Aojie Technology: 264.55 million yuan, 8.30% inflow rate, 8.66% increase [1] - Xinyuan Technology: 248.54 million yuan, 4.83% inflow rate, -0.11% change [1] - Zhongxin International: 228.08 million yuan, 1.54% inflow rate, 0.57% change [1] Stocks with Significant Outflows - The stocks with the most significant outflows include: - Haiguang Information: 647 million yuan outflow, -2.68% change [1] - Dongxin Co., Ltd.: 327 million yuan outflow [1] - Yuntian Lifefly: 255 million yuan outflow [1]

Core Insights - The company reported a total revenue of 102 million yuan for the first half of 2025, representing a year-on-year increase of 26.69%, while the net profit attributable to shareholders decreased by 8.49% to 12.81 million yuan [1] - The second quarter of 2025 saw a total revenue of 71.82 million yuan, up 28.28% year-on-year, and a net profit of 13.54 million yuan, which is an increase of 23.44% compared to the same period last year [1] - The company's accounts receivable is significantly high, with accounts receivable amounting to 554.85% of the net profit attributable to shareholders [9] Financial Performance - Total revenue increased from 80.80 million yuan in 2024 to 102 million yuan in 2025, a growth of 26.69% [1] - Net profit decreased from 14.00 million yuan in 2024 to 12.81 million yuan in 2025, a decline of 8.49% [1] - Gross margin decreased to 60.33%, down 3.60% year-on-year, while net margin fell to 12.52%, a decrease of 27.77% [1] - Total expenses (sales, management, and financial) amounted to 16.15 million yuan, accounting for 15.77% of revenue, which is an increase of 16.65% year-on-year [1] - Earnings per share remained unchanged at 0.11 yuan, while operating cash flow per share dropped significantly to -0.20 yuan, a decrease of 3612.28% [1] Cash Flow and Debt Management - The net cash flow from operating activities saw a drastic decline of 5282.81%, attributed to increased procurement payments and decreased government subsidies [5] - The net cash flow from investing activities increased by 678.96%, due to the redemption of financial products and reduced cash outflows for asset purchases [5] - The net cash flow from financing activities rose by 98.73%, as cash dividends were paid after the reporting period [5] Business Model and Market Position - The company relies heavily on research and development for its performance, indicating a need for thorough analysis of the underlying drivers of this model [8] - The company's return on invested capital (ROIC) was reported at 2.45%, which is below the historical median of 30.02%, suggesting weaker capital returns [6] - The company has a healthy cash asset position, indicating good debt repayment capability [7]

Core Viewpoint - The company reported a revenue increase of 26.69% year-on-year for the first half of 2025, driven by structural improvements in downstream market demand and growth in testing and simulation instrument needs [1] Group 1: Financial Performance - The company achieved a revenue of 102 million yuan in the first half of 2025, with a net profit attributable to shareholders of 12.81 million yuan, a decrease of 8.49% year-on-year [1] - In Q2 2025, the company recorded a revenue of 71.82 million yuan, representing a year-on-year growth of 28.28%, and a net profit of 13.54 million yuan, an increase of 23.44% year-on-year [1] Group 2: Product Development and Market Position - The company specializes in high-end radio simulation testing instruments and solutions, focusing on sectors such as wireless communication, navigation, vehicle networking, and the Internet of Things [1] - The company has seen continuous market validation for new products, including the next-generation channel simulation instrument and spectrum analyzer, which have led to rapid revenue growth [1][2] - The product matrix related to the satellite industry is expanding, providing new growth momentum through products like channel simulators and RF microwave signal generators [2] Group 3: Research and Development - The company invested 30.62 million yuan in R&D in the first half of 2025, a year-on-year increase of 2.22%, with R&D expenses accounting for 29.91% of revenue [2] - Continuous optimization of core product functions is being pursued, leveraging new technologies to enhance product performance [2] - The R&D center is actively engaged in developing new products and technologies, laying a solid foundation for the company's long-term product strategy [2]

Core Viewpoint - The company Kunheng Shunwei (688283.SH) announced the termination of its fundraising project for the Radio Testing Simulation Open Laboratory due to changes in market conditions and adjustments in business development plans [1] Summary by Relevant Sections - **Project Termination** - The Radio Testing Simulation Open Laboratory project will be terminated as the national marketing system of the company is now adequately meeting the current business marketing and customer service needs [1] - **Financial Details** - As of July 31, 2025, the project has utilized 6.6922 million yuan of the raised funds, which accounts for 27.22% of the planned total investment [1] - The remaining raised funds amounting to 18.6352 million yuan will continue to be held in a dedicated account and managed according to the company's regulations [1]

Core Viewpoint - Kunheng Shunwei (688283.SH) reported a decline in institutional ownership in its A-shares, with a total of 5 institutional investors holding 8.5342 million shares, representing 7.01% of the total share capital, a decrease of 0.31 percentage points from the previous quarter [1] Institutional Investors - As of August 25, 2025, the total shares held by institutional investors in Kunheng Shunwei amounted to 8.5342 million, accounting for 7.01% of the total share capital [1] - The institutional investors include Sichuan Development Securities Investment Fund Management Co., Ltd., Bank of China Co., Ltd., Guotai Jiatai Pension Product, Guotai Fund Management Co., Ltd., and Huayuan Qiyuan Future Mixed Initiation A [1] - The institutional ownership ratio decreased by 0.31 percentage points compared to the previous quarter [1] Public Funds - One new public fund disclosed its holdings in the current period, namely Huayuan Qiyuan Future Mixed Initiation A [1] - Three public funds that were previously disclosed did not report their holdings this quarter, including Fortune New Vitality Flexible Allocation Mixed A, Fortune Quality Growth 6-Month Holding Period Mixed A, and Hang Seng Qianhai High-End Manufacturing Mixed A [1] Social Security Funds - One new social security fund disclosed its holdings in Kunheng Shunwei, which is Guotai Fund Management Co., Ltd. - Social Security Fund 2103 Combination [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 公司代码：688283 公司简称：坤恒顺维 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，投资者应当到上海证券交易所（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 公司已在本报告中描述了可能存在的相关风险，敬请查阅"第三节管理层讨论与分析"之"四、风险因 素"中的内容。 1.3本公司董事会及董事、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 公司股票简况 ■ 公司存托凭证简况 □适用 √不适用 联系人和联系方式 ■ 2.2主要财务数据 单位：元 币种：人民币 ■ 2.3前10名股东持股情况表 第二节 公司基本情况 2.1公司简介 单位: 股 ■ 注：上述周天赤先生所持公司4,461,213股 ...