招商证券股份有限公司 关于南京国博电子股份有限公司 使用部分超募资金永久补充流动资金的核查意见 招商证券股份有限公司(以下简称"保荐机构"、"招商证券")作为南京国博电子股 份有限公司(以下简称"国博电子"、"公司"、"发行人")首次公开发行股票并在科创板 上市的的保荐机构,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》《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律监 管指引第 1 号 -- 规范运作》等有关规定,对国博电子本次使用超募资金永久补充流动 资金进行了认真、审慎核查,具体情况如下: 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意南京国博电子股份有限公司首次公开发行 股票注册的批复》(证监许可(2022) 911 号)和上海证券交易所自律监管决定书 (2022) 190 号核准同意,公司首次公开发行人民币普通股 4.001万股,发行价格 70.88 元/股,新股发行募集资金总额为 283,590.88 万元,扣除发行费用 9,295.07 万元后,募集资 金净额为 274,295.81 万元,上述募集资金已经全部到位。天健会计师事务所(特殊普通 ...

证券代码：688375 证券简称：国博电子 公告编号：2025-034 南京国博电子股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第一次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 9 月 23 日 14 点 00 分 召开地点：南京市江宁经济技术开发区正方中路 155 号 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 23 日 至2025 年 9 月 23 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年9月23日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 东大会召开当 ...

证券代码：688375 证券简称：国博电子 公告编号：2025-030 南京国博电子股份有限公司 第二届监事会第七次会议决议公告 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 南京国博电子股份有限公司（以下简称"公司"）第二届监事会第七次会议 于 2025 年 8 月 28 日以现场会议的方式召开，会议通知及资料于 2025 年 8 月 15 日以电子邮件形式送达公司全体监事。本次会议由公司监事会主席孙博女士召集 和主持，会议应出席监事 3 人，实际到会监事 3 人。本次会议的召集、召开及表 决符合有关法律、法规和《南京国博电子股份有限公司章程》的规定，作出的决 议合法、有效。 二、监事会会议审议情况 经与会监事审议表决，形成会议决议如下： （一）审议通过《关于 2025 年半年度报告及其摘要的议案》 经审核，监事会认为：董事会编制和审核的公司 2025 年半年度报告及其摘 要（1）内容和格式符合中国证监会和相关监管机构的要求，能够真实、准确、 完整地反映公司 2025 年半年度的经营管理和财务状 ...

南京国博电子股份有限公司 股东会议事规则 第一章 总则 （一）会议的召集、召开程序是否符合法律、行政法规、本 规则和《公司章程》的规定； 第一条 为规范南京国博电子股份有限公司（以下简称"公 司"）行为，保证股东会依法行使职权，根据《中华人民共和国 公司法》（以下简称《公司法》）、《中华人民共和国证券法》 （以下简称《证券法》）、《上市公司股东会规则》及其他相关 法律、法规、规章与《南京国博电子股份有限公司章程》（以下 简称《公司章程》）的规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用 本规则。 第三条 公司应当严格按照法律、行政法规、《公司章程》 及本规则的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公 司全体董事应当勤勉尽责，确保股东会正常召开和依法行使职 权。 第四条 股东会应当在《公司法》和《公司章程》规定的范 围内行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会 每年召开一次，应当于上一会计年度结束后的6个月内举行。临 时股东会不定期召开，出现《公司法》和《公司章程》规定的应 当召开临时股东会的情形时，临 ...

南京国博电子股份有限公司 董事及高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步规范和建立制定南京国博电子股份有限公 司（以下简称"公司"）董事及高级管理人员的薪酬管理体系， 建立科学有效的激励与约束机制，保证公司董事有效地履行其职 责和义务，有效调动公司高级管理人员的工作积极性，提高公司 的经营管理效益，以更好的促进公司健康、稳定且持续发展。根 据《中华人民共和国公司法》（以下简称《公司法》）、《上市公司 独立董事管理办法》《上市公司治理准则》等有关法律、法规和 规范性文件规定及《南京国博电子股份有限公司章程》（以下简 称《公司章程》）的规定，并结合公司实际情况，特制定本薪酬 管理制度。 第二条 本制度适用于以下在职人员： （一）董事会成员：包括公司内部董事、聘请的外部董事。 独立董事津贴适用《南京国博电子股份有限公司独立董事津贴管 理办法》。 （二）高级管理人员：包括公司总经理、副总经理、董事会 秘书、财务总监、总法律顾问等。 第三条 公司薪酬制度遵循以下原则： （三）体现长远发展原则，体现薪酬与公司持续稳定、健康 发展的目标相符； （四）激励与约束并重原则，体现薪酬发放与考核、与奖惩 挂钩、与激 ...

南京国博电子股份有限公司 董事会议事规则 董事会应当按照《公司章程》及其附件的规定，就公司的对 外投资、收购出售资产、资产抵押、对外担保事项、委托理财、 第一条 宗旨 为了进一步规范南京国博电子股份有限公司（以下简称"公 司"）董事会的议事方式和决策程序，促使董事和董事会更有效 地履行其职责，提高董事会规范运作和科学决策水平，根据《中 华人民共和国公司法》（以下简称《公司法》）、《中华人民共 和国证券法》（以下简称《证券法》）及其他相关法律、法规、 规章与《南京国博电子股份有限公司章程》（以下简称《公司章 程》）的规定，制定本规则。 第二条 董事基本义务 公司全体董事根据法律、行政法规和《公司章程》的规定对 公司负有忠实义务和勤勉义务。 第三条 董事会职权的行使 公司董事会应当在《公司法》《公司章程》和本规则规定的 范围内行使职权。 董事会应当严格按照股东会和本公司《公司章程》的授权行 事，不得越权形成决议。 第四条 重大交易的决策 董事长由全体董事的过半数选举产生，可连选连任。 董事长行使下列职权： （一）主持股东会和召集、主持董事会会议； （二）督促、检查董事会决议的执行； （三）签署公司发行的证券和应由 ...

南京国博电子股份有限公司 章 程 二〇二五年八月 南京国博电子股份有限公司 章 程 第一章 总则 第一条 为维护南京国博电子股份有限公司（以下简称"公司"）、股东、 职工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司 法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》） 和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司系由中电国基南方集团有限公司、中国电子科技集团公司第五十五研究 所、中电科国微（天津）集成电路芯片合伙企业（有限合伙）、天津丰荷科技合 伙企业（有限合伙）、南京芯锐股权投资合伙企业（有限合伙）、共青城中惠科 元投资合伙企业（有限合伙）、中电科投资控股有限公司与北京南博射频科技有 限公司依法共同发起设立，在南京市市场监督管理局注册登记。 第三条 公司于 2022 年 4 月 29 日经中国证券监督管理委员会（以下简称 "中国证监会"）同意注册，首次向社会公开发行人民币普通股 4,001 万股，于 2022 年 7 月 22 日在上海证券交易所上市。 第四条 公司注册名称： 中文名称：南京国博电子股份有限公司 ...

Important Notice [Statement by the Board of Directors, Supervisory Board, and Management](index=2&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%8F%8A%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%E4%BF%9D%E8%AF%81%E5%8D%8A%E5%B9%B4%E5%BA%A6%E6%8A%A5%E5%91%8A%E5%86%85%E5%AE%B9%E7%9A%84%E7%9C%9F%E5%AE%9E%E6%80%A7%E3%80%81%E5%87%86%E7%A1%AE%E6%80%A7%E3%80%81%E5%AE%8C%E6%95%B4%E6%80%A7%EF%BC%8C%E4%B8%8D%E5%AD%98%E5%9C%A8%E8%99%9A%E5%81%87%E8%AE%B0%E8%BD%BD%E3%80%81%E8%AF%AF%E5%AF%BC%E6%80%A7%E9%99%88%E8%BF%B0%E6%88%96%E9%87%8D%E5%A4%A7%E9%81%97%E6%BC%8F%EF%BC%8C%E5%B9%B6%E6%89%BF%E6%8B%85%E4%B8%AA%E5%88%AB%E5%92%8C%E8%BF%9E%E5%B8%A6%E7%9A%84%E6%B3%95%E5%BE%8B%E8%B4%A3%E4%BB%BB%E3%80%82) The Board, Supervisory Board, and management affirm the semi-annual report's truthfulness and completeness; no profit distribution or capital reserve capitalization this period - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[3](index=3&type=chunk) - This semi-annual report is unaudited[4](index=4&type=chunk) - For this reporting period, the company will not conduct profit distribution or capitalize capital reserves[4](index=4&type=chunk) [Significant Risk Warning](index=2&type=section&id=%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company has disclosed potential risks in "Section III Management Discussion and Analysis - IV. Risk Factors," urging investors to review them - The company has disclosed potential risks in the report, urging investors to review them[3](index=3&type=chunk) [Risk Statement for Forward-Looking Statements](index=2&type=section&id=%E5%85%AB%E3%80%81%E5%89%8D%E7%9E%BB%E6%80%A7%E9%99%88%E8%BF%B0%E7%9A%84%E9%A3%8E%E9%99%A9%E5%A3%B0%E6%98%8E) Forward-looking descriptions in this report, such as future plans and development strategies, do not constitute substantial commitments to investors, who should understand the differences between plans, forecasts, and commitments - Forward-looking descriptions in this report, such as future plans and development strategies, do not constitute substantial commitments by the company to investors[5](index=5&type=chunk) - Investors should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments[5](index=5&type=chunk) Section I Definitions [Definitions of Common Terms](index=4&type=section&id=%E5%B8%B8%E7%94%A8%E8%AF%8D%E8%AF%AD%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including reporting period, company names, and specialized technical and product terminology, ensuring accurate interpretation - The reporting period is defined as January 1, 2025, to June 30, 2025[10](index=10&type=chunk) - The company's main products, T/R components and RF chips, fall within the scope of hybrid integrated circuits and monolithic integrated circuits[10](index=10&type=chunk) - Detailed definitions are provided for core technologies and products such as integrated circuits, chips, modules, T/R components, active phased arrays, RF chips, and compound semiconductors (e.g., gallium nitride)[10](index=10&type=chunk)[11](index=11&type=chunk) Section II Company Profile and Key Financial Indicators [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 Nanjing Guobo Electronics Co., Ltd.'s basic information, including its name, legal representative, addresses, and a registered address change - The company's Chinese name is Nanjing Guobo Electronics Co., Ltd., abbreviated as Guobo Electronics[13](index=13&type=chunk) - The company's legal representative is Mei Bin, and its registered and office address is No. 155, Zhengfang Middle Road, Jiangning Economic and Technological Development Zone, Nanjing[13](index=13&type=chunk) - The company's registered address changed from No. 166 to No. 155 in August 2023[13](index=13&type=chunk) [Contact Person and Contact 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 information for the company's Board Secretary and Securities Affairs Representative to facilitate investor communication - The Board Secretary is Liu Yang, and the Securities Affairs Representative is Wei Xingyao[14](index=14&type=chunk) - The contact address for both is No. 155, Zhengfang Middle Road, Jiangning Economic and Technological Development Zone, Nanjing[14](index=14&type=chunk) [Brief Introduction to Changes in Information Disclosure and Document Placement Locations](index=6&type=section&id=%E4%B8%89%E3%80%81%E4%BF%A1%E6%81%AF%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) The company designates five newspapers for information disclosure, publishes its semi-annual report on the SSE website, and makes it available at the Board Office - The company's selected newspapers for information disclosure include "Shanghai Securities News," "China Securities Journal," "Securities Times," "Securities Daily," and "Economic Information Daily"[15](index=15&type=chunk) - The website address for publishing the semi-annual report is www.sse.com.cn[15](index=15&type=chunk) - The company's semi-annual report is available at the Board of Directors' Office[15](index=15&type=chunk) [Overview of Company Shares/Depositary Receipts](index=6&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8/%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E7%AE%80%E5%86%B5) The company's A-shares are listed on the STAR Market of the Shanghai Stock Exchange under the abbreviation Guobo Electronics and stock code 688375 - The company's stock type is A-shares, listed on the STAR Market of the Shanghai Stock Exchange[16](index=16&type=chunk) - The stock abbreviation is Guobo Electronics, and the stock code is 688375[16](index=16&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) In H1 2025, the company's operating revenue, total profit, net profit, and non-recurring net profit all decreased year-on-year, with operating cash flow significantly down by **80.64%** due to reduced cash from sales, and EPS decreasing by **17.07%** 2025 Semi-Annual Key Accounting Data | Indicator | Current Reporting Period (Jan-Jun) (yuan) | Prior Year Period (yuan) | Change from Prior Year Period (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,070,490,654.08 | 1,302,612,361.68 | -17.82 | | Total Profit | 216,571,588.42 | 255,927,097.93 | -15.38 | | Net Profit Attributable to Shareholders of the Listed Company | 201,365,853.84 | 244,556,106.08 | -17.66 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses | 199,645,733.45 | 237,794,461.25 | -16.04 | | Net Cash Flow from Operating Activities | 69,936,468.88 | 361,189,602.39 | -80.64 | | **End of Current Reporting Period** | | | | | Net Assets Attributable to Shareholders of the Listed Company | 6,151,992,919.72 | 6,185,769,875.31 | -0.55 | | Total Assets | 7,624,401,571.31 | 7,995,335,175.06 | -4.64 | 2025 Semi-Annual Key Financial Indicators | Key Financial Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Change from Prior Year Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.34 | 0.41 | -17.07 | | Diluted Earnings Per Share (yuan/share) | 0.34 | 0.41 | -17.07 | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (yuan/share) | 0.33 | 0.40 | -17.50 | | Weighted Average Return on Net Assets (%) | 3.20 | 3.99 | Decreased by 0.79 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 3.17 | 3.88 | Decreased by 0.71 percentage points | | R&D Investment as a Percentage of Operating Revenue (%) | 12.17 | 13.81 | Decreased by 1.64 percentage points | - Net cash flow from operating activities decreased by **80.64%** year-on-year, primarily due to a reduction in cash received from sales of goods and provision of services during the reporting period[19](index=19&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&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) This reporting period's total non-recurring gains and losses amounted to **1.72 million yuan**, primarily comprising government grants, fair value changes, and asset disposal gains/losses, after deducting income tax effects 2025 Semi-Annual 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 | 192.61 | | Government grants recognized in current profit and loss | 2,548,060.75 | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and disposal gains and losses | 960,392.86 | | Debt restructuring gains and losses | -1,283,671.20 | | Other non-operating income and expenses | -171,108.38 | | Less: Income tax impact | 333,746.25 | | **Total** | **1,720,120.39** | Section III Management Discussion and Analysis [Industry and Main Business Overview](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, a leading domestic supplier of T/R components and RF integrated circuits, operates a Fabless model for RF chips, benefiting from national support but facing international tech blockades and market competition - The company primarily engages in the R&D, production, and sales of active phased array T/R components and RF integrated circuit related products, establishing itself as a leading domestic enterprise[26](index=26&type=chunk) - Products cover RF chips, modules, and components, all belonging to analog integrated circuits, with main customers including research institutes, system integrators, and mobile communication equipment manufacturers[26](index=26&type=chunk) - In the RF chip sector, the company adopts a Fabless model, outsourcing chip production, packaging, and testing to third parties[33](index=33&type=chunk) - The integrated circuit industry receives strong national policy support, but international technological blockades and restrictions pose challenges for high-end RF devices[35](index=35&type=chunk)[36](index=36&type=chunk) [Main Business](index=9&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's core businesses include T/R components and RF modules, central to phased array radar and mobile communication base stations, and RF chips widely applied in communication systems and terminal products - T/R components are used in radar or communication systems to achieve electromagnetic wave signal transmission, reception, amplification, and amplitude-phase control, serving as the core of phased array radar[26](index=26&type=chunk) - RF modules primarily include large-power control modules and large-power amplification modules, applied in mobile communication base stations supporting 4G, 5G, and U6G communication[29](index=29&type=chunk)[31](index=31&type=chunk) - RF chips encompass amplification types (LNA, PA) and control types (RF switches, digitally controlled attenuators), widely used in mobile communication, satellite communication, mobile phones, drones, and other fields[31](index=31&type=chunk)[32](index=32&type=chunk) [Operating Model](index=10&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E4%B8%BB%E8%90%A5%E6%A8%A1%E5%BC%8F) The company handles design, manufacturing, and testing for T/R components and RF modules, outsourcing chip production, while adopting a Fabless model for RF chips, focusing on design and quality control with outsourced production - In the T/R component and RF module sectors, the company is responsible for chip design, component/module design, manufacturing, and testing, while outsourcing chip production and packaging to third parties[33](index=33&type=chunk) - In the RF chip sector, the company adopts a Fabless model, focusing on design and quality control, with production, packaging, and testing outsourced[33](index=33&type=chunk) - The company has established comprehensive procurement control procedures, a quality management system, and a marketing system, fostering stable cooperative relationships with major customers[33](index=33&type=chunk) [Industry Situation Description](index=11&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company's analog integrated circuit products benefit from radar and communication advancements, with new materials like GaN driving innovation, but international tech blockades stimulate domestic innovation, supported by continuous national policies - The company's main products, T/R components and RF integrated circuits, both belong to analog integrated circuits, and the market is experiencing significant growth opportunities[35](index=35&type=chunk) - New materials and integration technologies such as Gallium Nitride (GaN) demonstrate advantages in 5G, IoT, satellite communication, and autonomous driving fields[35](index=35&type=chunk) - International technological blockades exert pressure on China's RF electronics industry but also stimulate accelerated technological innovation[35](index=35&type=chunk) - National policies, such as "Several Policies for Promoting High-Quality Development of the Integrated Circuit Industry and Software Industry in the New Era," continuously support the integrated circuit industry's development, driving technological breakthroughs and industrial upgrading[36](index=36&type=chunk) [Operating Performance Analysis](index=12&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) In H1 2025, the company's operating revenue, total profit, net profit, and non-recurring net profit all decreased year-on-year, while it actively advanced digital transformation in T/R component design and expanded applications, commencing product delivery in low-earth orbit satellite and commercial aerospace sectors 2025 Semi-Annual Key Financial Performance | Indicator | Amount (million yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,070.49 | -17.82 | | Total Profit | 216.57 | -15.38 | | Net Profit Attributable to Shareholders of the Listed Company | 201.37 | -17.66 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses | 199.65 | -16.04 | - The company actively promotes the digital transformation of RF component design, focusing on technological breakthroughs in new areas such as W-band system-in-package antenna (AiP) heterogeneous integration technology and low-profile broadband millimeter-wave digital arrays[37](index=37&type=chunk) - The company actively expands the application fields of T/R components, having commenced product delivery to customers in low-earth orbit satellite and commercial aerospace sectors[37](index=37&type=chunk) [Core Competitiveness Analysis](index=12&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 competitiveness stems from technological innovation, product advantages, brand and customer relationships, talent, and a comprehensive industrial chain, leveraging compound semiconductors for continuous R&D and serialized product structures for radar and communication applications - The company adheres to technology leadership and innovation-driven development, possessing deep technological accumulation in active phased array T/R components and RF integrated circuits, with core technologies reaching domestic leading and international advanced levels[38](index=38&type=chunk) - Based on core compound semiconductor technology, the company has formed a serialized product structure and industrialized production capacity, with products covering chips, modules, and components[39](index=39&type=chunk) - The company has built a strong brand reputation and established stable cooperative relationships with research institutes, system integrators, and mobile communication equipment manufacturers[41](index=41&type=chunk)[42](index=42&type=chunk) - The company boasts a multidisciplinary R&D team covering electronics, communication, computer science, chemistry, and materials, with **401 R&D personnel** as of the end of the reporting period, accounting for **22.70%** of the total workforce[42](index=42&type=chunk) - The company has established an industrial chain layout from chips to modules and components, possessing independent intellectual property rights in core RF microwave and millimeter-wave technology fields[43](index=43&type=chunk) [Core Technologies and R&D Progress](index=14&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 continues to advance core technology innovation and product development in T/R components, RF modules, and RF chips, securing new patents and integrated circuit layout designs, with total R&D investment of **130.27 million yuan**, a **27.56% decrease** year-on-year, supported by **401 R&D personnel** - The company possesses product design platforms, high-density high-precision 3D integration process platforms, and fully automated general testing platforms in the T/R component sector, actively promoting digital transformation in design and productization of advanced packaging technology applications[45](index=45&type=chunk)[46](index=46&type=chunk) - The company's GaN RF modules are primarily applied in 4G and 5G base stations, with a strategic focus on 6G, offering product performance comparable to international mainstream, making it one of the few global enterprises capable of mass supply[46](index=46&type=chunk)[47](index=47&type=chunk) - RF chips focus on 5G, 5G-A, and U6G base station and terminal applications, developing broadband high-linearity power amplifiers, low-noise amplifiers, and other products, with bulk shipments already made to several well-known terminal manufacturers[47](index=47&type=chunk) R&D Achievements During the Reporting Period | Intellectual Property Type | New Applications This Period (units) | New Grants This Period (units) | Cumulative Quantity (units) | | :--- | :--- | :--- | :--- | | Invention Patents | 5 | 1 | 58 | | Utility Model Patents | 2 | 1 | 38 | | Software Copyrights | 0 | 0 | 9 | | Integrated Circuit Layout Designs | 0 | 4 | 81 | | **Total** | **7** | **6** | **186** | R&D Investment Situation | Indicator | Current Period Amount (yuan) | Prior Year Period Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Expensed R&D Investment | 130,270,296.93 | 179,831,873.30 | -27.56 | | Total R&D Investment | 130,270,296.93 | 179,831,873.30 | -27.56 | | Total R&D Investment as a Percentage of Operating Revenue | 12.17 | 13.81 | Decreased by 1.64 percentage points | R&D Project Status | No. | Project Name | Estimated Total Investment Scale (million yuan) | Amount Invested This Period (million yuan) | Cumulative Investment Amount (million yuan) | Progress or Phased Achievements | Intended Goals | Technical Level | Specific Application Prospects | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | R&D of 5G-A/6G High-Efficiency High-Linearity RF Front-End Modules and Core Devices | 160.00 | 26.71 | 26.71 | Development Stage | Provide complete solutions, enhance market competitiveness | Domestic leading level | Communication field | | 2 | Research Project on Millimeter-Wave Core Technology Based on Domestic Semiconductor Process | 400.00 | 46.61 | 162.69 | Development Stage | Form design templates, shorten R&D cycle, provide complete solutions | Domestic leading level | Communication field | | 3 | R&D of Next-Generation High-Frequency Transceiver Front-Ends for Detection and Communication | 290.61 | 55.71 | 55.71 | Development Stage | Tackle key core technologies, enhance product competitiveness | Domestic leading level | Radar and communication fields | | 4 | Research on Microwave Millimeter-Wave High-Density Integration Process Technology | 36.40 | 1.23 | 1.23 | Development Stage | Continuously improve process stability and platform capabilities, meet customer needs | Domestic leading level | Radar and communication fields | | **Total** | **/** | **887.01** | **130.27** | **246.35** | **/** | **/** | **/** | **/** | R&D Personnel Situation | Indicator | Current Period | Prior Year Period | | :--- | :--- | :--- | | Number of Company R&D Personnel (persons) | 401 | 399 | | R&D Personnel as a Percentage of Total Company Workforce (%) | 22.70 | 22.48 | | Total R&D Personnel Compensation (million yuan) | 66.46 | 63.86 | | Average R&D Personnel Compensation (million yuan) | 0.17 | 0.16 | | **Education Level** | | | | PhD | 10 (2.49%) | | | Master's | 210 (52.37%) | | | Bachelor's and below | 181 (45.14%) | | | **Age Structure** | | | | Under 35 | 306 (76.31%) | | | 35-40 years old | 59 (14.71%) | | | 40-50 years old | 31 (7.73%) | | | 50-60 years old | 5 (1.25%) | | [Risk Factors](index=17&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E5%9B%A0%E7%B4%A0) The company faces diverse risks, including R&D failure, tech leakage, market competition, outsourcing reliance, pricing uncertainty, raw material volatility, customer concentration, financial pressures, policy changes, 'Entity List' impact, and management expansion - New product R&D carries risks such as technological lag and deviation from market demand, potentially affecting the company's sustainable development[58](index=58&type=chunk) - Core technology leakage and loss of key technical personnel could adversely impact the company's production, operations, and development[58](index=58&type=chunk) - Market competition is intensifying, particularly in the general market segment, where the company faces competitive pressure from large foreign enterprises[59](index=59&type=chunk) - The operating model relies on outsourcing manufacturers, posing risks of insufficient supply, delays, or non-compliance with production processes[59](index=59&type=chunk) - Failure to complete product pricing reviews may lead to concentrated recognition of price differences in future years, affecting the company's profitability[60](index=60&type=chunk) - Operational risks include fluctuations in raw material prices and delivery, customer concentration, changes in system integrator T/R component procurement models, and product quality[60](index=60&type=chunk)[61](index=61&type=chunk)[62](index=62&type=chunk) - Financial risks include inventory impairment, large amounts of operating accounts receivable, and the impact of operating cash flow pressure on continuous operations[62](index=62&type=chunk)[63](index=63&type=chunk) - Changes in integrated circuit industry policies and macroeconomic fluctuations may affect downstream demand, product sales, and gross profit margins[63](index=63&type=chunk) - Being listed on the "Entity List" imposes restrictions on the company's procurement of US-produced raw materials and use of US technology, potentially leading to negative impacts[63](index=63&type=chunk) - Changes in tax preferential policies or failure to complete certifications will adversely affect the company's operating performance[64](index=64&type=chunk) - Rapid company expansion may lead to management risks, significant related party transactions pose risks of harming minority shareholders' interests, and environmental and production safety risks exist[64](index=64&type=chunk)[65](index=65&type=chunk) [Key Operating Performance](index=20&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) In H1 2025, the company saw year-on-year declines in revenue and profit, with operating cash flow down **80.64%** due to reduced sales; balance sheet changes included a **93.96%** drop in notes receivable and increases in accounts receivable and inventory, while a subsidiary reported **37.62 million yuan** net profit 2025 Semi-Annual Key Financial Performance | Indicator | Amount (million yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,070.49 | -17.82 | | Total Profit | 216.57 | -15.38 | | Net Profit Attributable to Shareholders of the Listed Company | 201.37 | -17.66 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses | 199.65 | -16.04 | Financial Statement Related Account Changes Analysis | Account | Current Period Amount (yuan) | Prior Year Period Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,070,490,654.08 | 1,302,612,361.68 | -17.82 | | Operating Cost | 651,813,476.20 | 844,914,644.65 | -22.85 | | Selling Expenses | 5,315,616.86 | 4,400,444.40 | 20.80 | | Administrative Expenses | 68,385,853.94 | 64,134,131.97 | 6.63 | | Financial Expenses | -8,020,102.96 | -12,042,477.54 | Not applicable | | R&D Expenses | 130,270,296.93 | 179,831,873.30 | -27.56 | | Net Cash Flow from Operating Activities | 69,936,468.88 | 361,189,602.39 | -80.64 | | Net Cash Flow from Investing Activities | -291,051,002.40 | 95,125,222.57 | Not applicable | | Net Cash Flow from Financing Activities | -259,717,897.39 | -40,686.50 | Not applicable | - Operating revenue decreased primarily due to reduced T/R component and RF module revenue[67](index=67&type=chunk) - Net cash flow from operating activities decreased by **80.64%** year-on-year, mainly due to a reduction in cash received from sales of goods and provision of services during the reporting period[68](index=68&type=chunk) - Changes in net cash flow from investing activities were primarily due to a decrease in cash received from the redemption of structured deposits[68](index=68&type=chunk) - Changes in net cash flow from financing activities were primarily due to the company's distribution of cash dividends[68](index=68&type=chunk) Asset and Liability Status Changes | Item Name | Current Period End Amount (yuan) | Current Period End as % of Total Assets | Prior Year End Amount (yuan) | Prior Year End as % of Total Assets | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 1,867,491,860.42 | 24.49 | 2,356,235,139.58 | 29.47 | -20.74 | | Trading Financial Assets | 120,223,561.64 | 1.58 | - | - | - | | Notes Receivable | 43,662,584.54 | 0.57 | 722,920,443.67 | 9.04 | -93.96 | | Accounts Receivable | 3,227,703,706.42 | 42.33 | 2,626,868,163.31 | 32.86 | 22.87 | | Inventory | 332,537,824.30 | 4.36 | 256,158,437.55 | 3.20 | 29.82 | | Notes Payable | 246,962,447.01 | 3.24 | 726,973,989.25 | 9.09 | -66.03 | | Accounts Payable | 993,700,312.97 | 13.03 | 770,712,252.69 | 9.64 | 28.93 | - The ending balance of trading financial assets was **120.22 million yuan**, primarily due to structured deposits not yet redeemed during the current period[70](index=70&type=chunk) - The ending balance of notes receivable decreased by **93.96%** year-on-year, mainly due to a reduction in customer notes received during the reporting period[70](index=70&type=chunk) - The ending balance of notes payable decreased by **66.03%** year-on-year, primarily due to the maturity and acceptance of notes during the reporting period[70](index=70&type=chunk) Financial Information of Major Subsidiaries (Nanjing Guowei Electronics Co., Ltd.) | Company Name | Company Type | Main Business | Registered Capital (million yuan) | Total Assets (million yuan) | Net Assets (million yuan) | Operating Revenue (million yuan) | Operating Profit (million yuan) | Net Profit (million yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Nanjing Guowei Electronics Co., Ltd. | Subsidiary | RF Integrated Circuit Design | 60.00 | 935.30 | 551.34 | 275.53 | 39.70 | 37.62 | Section IV Corporate Governance, Environment, and Society [Changes in Directors, Supervisors, Senior Management, and Core Technical Personnel](index=25&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, Mr. Lin Wei resigned as a director, Mr. Shen Ya was re-designated, and Mr. Yu Yuanwei was newly appointed as a core technical personnel to meet evolving needs Changes in Directors, Supervisors, Senior Management, and Core Technical Personnel | Name | Position Held | Change | | :--- | :--- | :--- | | Lin Wei | Director | Resigned | | Shen Ya | Core Technical Personnel | Relieved | | Yu Yuanwei | Core Technical Personnel | Appointed | - Mr. Lin Wei, a non-independent director, resigned from his directorship due to personal reasons[79](index=79&type=chunk) - Mr. Yu Yuanwei was newly appointed as a core technical personnel, while Mr. Shen Ya, a former core technical personnel, was no longer designated as such due to work adjustments[79](index=79&type=chunk) - The company's core technical personnel designation primarily considers factors such as education, years of work experience, system planning and coordination abilities, and technical decision-making and problem-solving capabilities[80](index=80&type=chunk) [Profit Distribution Plan](index=25&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) For this reporting period, the company will not conduct profit distribution or capitalize capital reserves - For this reporting period, the company will not conduct profit distribution or capitalize capital reserves[81](index=81&type=chunk) [Environmental Information Disclosure](index=26&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%B3%E5%85%A5%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E4%BE%9D%E6%B3%95%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%E5%A2%83%E4%BF%A1%E6%83%85%E5%86%B5) As a key environmental supervision enterprise, the company is listed in Nanjing's 2025 environmental information disclosure roster, with details published on the provincial ecological environment website - The company is included in Nanjing's 2025 list of enterprises required to disclose environmental information[83](index=83&type=chunk) - The environmental information disclosure report is available on the official website of the Jiangsu Provincial Department of Ecology and Environment[83](index=83&type=chunk) Section V Important Matters [Fulfillment of Commitments](index=27&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 by the company, its actual controllers, shareholders, and related parties, including share lock-ups, price stabilization, and related party transaction norms, were strictly fulfilled during the reporting period - Controlling shareholder Guoji Southern, CETC, CETC 55th Research Institute, CETC Investment, and others committed to a **36-month share lock-up** and strictly adhere to reduction regulations[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk) - The company's directors, senior management, and core technical personnel committed to share lock-ups and reduction regulations, and pledged not to overstep authority in interfering with company operations or infringing upon company interests[88](index=88&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk) - The company, its controlling shareholders, directors, and senior management committed to share price stabilization measures, including company buybacks, controlling shareholder increases, and director/supervisor/senior management increases[91](index=91&type=chunk)[92](index=92&type=chunk)[93](index=93&type=chunk)[94](index=94&type=chunk) - The company and its controlling shareholders committed that no fraudulent issuance occurred, and if it did, a share repurchase program would be initiated[93](index=93&type=chunk)[94](index=94&type=chunk)[95](index=95&type=chunk) - CETC and Guoji Southern committed to resolve horizontal competition, designating Guobo Electronics as the sole listed platform for market-oriented sales of T/R component products[98](index=98&type=chunk)[99](index=99&type=chunk) - Related parties committed to minimize or avoid related party transactions, and for unavoidable transactions, to adhere to market fairness principles and ensure fair pricing[99](index=99&type=chunk)[100](index=100&type=chunk)[101](index=101&type=chunk) - Guoji Southern committed to support and supervise Guobo Electronics and its controlled entities in complying with national regulations and fulfilling obligations to handle and pay "five insurances and one fund" for employees[101](index=101&type=chunk) [Significant Litigation and Arbitration Matters](index=43&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) The company had no significant litigation or arbitration matters during this reporting period - The company had no significant litigation or arbitration matters during this reporting period[103](index=103&type=chunk) [Significant Related Party Transactions](index=43&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) The company engages in daily operational related party transactions, including purchases, sales, services, leasing, and financial services, with significant amounts in procurement (**291 million yuan**), sales (**139 million yuan**), and deposits (**1.51 billion yuan**) at China Electronics Technology Finance Co., Ltd Purchases of Goods/Receipt of Services | Related Party | Related Transaction Content | Amount Incurred This Period (yuan) | Approved Transaction Limit (yuan) | | :--- | :--- | :--- | :--- | | Other units affiliated with CETC | Purchase of goods | 281,986,605.60 | 770,000,000.00 | | Other units affiliated with CETC | Receipt of services | 8,808,916.51 | 37,000,000.00 | | Nanjing Zhongdian Xingu High-Frequency Device Industry Technology Research Institute Co., Ltd. | Purchase of goods | 4,627.44 | 400,000.00 | | **Subtotal** | **/** | **290,800,149.55** | **/** | Sales of Goods/Provision of Services | Related Party | Related Transaction Content | Amount Incurred This Period (yuan) | | :--- | :--- | :--- | | Other units affiliated with CETC | Sale of goods | 134,876,380.34 | | Other units affiliated with CETC | Provision of services | 542,398.02 | | Other units affiliated with CETC | Provision of fuel and power | 3,817,077.36 | | **Subtotal** | **/** | **139,235,855.72** | Deposits at China Electronics Technology Finance Co., Ltd. | Deposit Type | Beginning Balance (yuan) | Total Deposits This Period (yuan) | Total Withdrawals This Period (yuan) | Ending Balance (yuan) | | :--- | :--- | :--- | :--- | :--- | | Demand Deposit | 1,058,224,025.75 | 1,858,582,233.03 | 1,608,854,123.85 | 1,307,952,134.93 | | Time Deposit | 650,000,000.00 | - | 450,000,000.00 | 200,000,000.00 | | **Total** | **1,708,224,025.75** | **1,858,582,233.03** | **2,058,854,123.85** | **1,507,952,134.93** | Related Party Credit Business | Related Party | Business Type | Total Amount (yuan) | Actual Amount Incurred (yuan) | | :--- | :--- | :--- | :--- | | China Electronics Technology Finance Co., Ltd. | Loans, bill acceptance, bill discounting, guarantees, factoring, etc. | 500,000,000.00 | 0.00 | - The company collaborated with China Electronics Guoji Southern Group Co., Ltd. and others to develop a 5G terminal RF front-end project, having received **16.20 million yuan** in allocated funds[439](index=439&type=chunk) [Progress of Raised Funds Utilization](index=46&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%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 net IPO proceeds of **2.74 billion yuan** were **85.61%** utilized, with the "RF Chip and Component Industrialization Project" completed and remaining funds permanently supplementing working capital, while idle funds generated **1.14 million yuan** from cash management Overall Utilization of Raised Funds | Source of Raised Funds | Net Raised Funds (million yuan) | Total Committed Investment of Raised Funds (million yuan) | Total Over-Raised Funds (million yuan) | Cumulative Raised Funds Invested as of Reporting Period End (million yuan) | Cumulative Raised Funds Investment Progress as of Reporting Period End (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Initial Public Offering | 2,742.96 | 2,674.99 | 67.97 | 2,348.24 | 85.61 | Details of Raised Fund Investment Projects | Project Name | Committed Investment Total (million yuan) | Cumulative Investment Amount as of Reporting Period End (million yuan) | Cumulative Investment Progress as of Reporting Period End (%) | Date Project Reached Intended Usable State | | :--- | :--- | :--- | :--- | :--- | | RF Chip and Component Industrialization Project | 1,474.99 | 1,236.98 | 83.86 | March 2025 | | Supplementing Working Capital | 1,200.00 | 1,081.44 | 90.12 | Not applicable | | Permanent Supplement to Working Capital from Over-Raised Funds | 40.78 | 29.82 | 73.12 | Not applicable | | **Total** | **2,742.96** | **2,348.24** | **/** | **/** | - The "RF Chip and Component Industrialization Project" has been completed, and the remaining raised funds will be used to permanently supplement working capital[120](index=120&type=chunk)[121](index=121&type=chunk) - The company used a portion of idle raised funds for cash management, with an ending balance of **160.00 million yuan** and current period earnings of **1.14 million yuan**[118](index=118&type=chunk) - During the reporting period, the company pre-paid **22.17 million yuan** for raised fund investment projects using its own funds and commercial bills, with subsequent approval procedures for raised fund replacement to be completed[119](index=119&type=chunk) Section VI Share Changes and Shareholder Information [Share Capital Changes](index=51&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 share capital or share capital structure - During the reporting period, there were no changes in the company's total ordinary share capital or share capital structure[124](index=124&type=chunk) [Shareholder Information](index=51&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 **7,485 ordinary shareholders**, with high concentration among the top ten shareholders, where China Electronics Guoji Southern Group Co., Ltd. is the largest shareholder with a **35.87%** stake, and some shareholders hold restricted shares, including Tianjin Fengho Technology Partnership (Limited Partnership) which pledged all its holdings - As of the end of the reporting period, the total number of ordinary shareholders was **7,485**[125](index=125&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name | Change During Reporting Period | Ending Shareholding Quantity | Percentage (%) | Number of Restricted Shares Held | Pledged, Marked, or Frozen Status (Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | China Electronics Guoji Southern Group Co., Ltd. | 209,831 | 213,769,982 | 35.87 | 213,560,151 | 0 | | The 55th Research Institute of China Electronics Technology Group Corporation | 0 | 99,196,452 | 16.64 | 99,196,452 | 0 | | CETC Guowei (Tianjin) Integrated Circuit Chip Partnership (Limited Partnership) | 0 | 92,010,301 | 15.44 | 0 | 0 | | Tianjin Fengho Technology Partnership (Limited Partnership) | 0 | 44,422,502 | 7.45 | 0 | 44,422,502 (Pledged) | | Nanjing Xinrui Equity Investment Partnership (Limited Partnership) | -5,718,628 | 28,431,278 | 4.77 | 0 | 0 | | CETC Investment Holdings Co., Ltd. | 2,926,872 | 21,726,640 | 3.65 | 17,785,951 | 0 | | Gongqingcheng Zhonghuikeyuan Investment Partnership (Limited Partnership) | -5,003,432 | 14,662,249 | 2.46 | 0 | 0 | | Industrial and Commercial Bank of China Co., Ltd. - Huaxia Military Industry Security Flexible Allocation Mixed Securities Investment Fund | 3,724,804 | 8,859,385 | 1.49 | 0 | 0 | | Agricultural Bank of China Co., Ltd. - Great Wall Jiujia Innovation Growth Flexible Allocation Mixed Securities Investment Fund | 2,000,000 | 5,000,000 | 0.84 | 0 | 0 | | China Merchants Bank Co., Ltd. - Huaxia SSE STAR Market 50 Component ETF | -360,752 | 4,322,829 | 0.73 | 0 | 0 | - Guoji Southern, the 55th Research Institute of CETC, and CETC Investment are all affiliated units controlled by CETC, indicating a related party relationship[129](index=129&type=chunk) Top Ten Shareholders with Restricted Shares | No. | Shareholder Name with Restricted Shares | Number of Restricted Shares Held | Date Available for Listing | | :--- | :--- | :--- | :--- | | 1 | China Electronics Guoji Southern Group Co., Ltd. | 213,560,151 | 2025-7-22 | | 2 | The 55th Research Institute of China Electronics Technology Group Corporation | 99,196,452 | 2025-7-22 | | 3 | CETC Investment Holdings Co., Ltd. | 17,785,951 | 2025-7-22 | [Changes in Shareholdings of Directors, Supervisors, Senior Management, and Core Technical Personnel](index=54&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, core technical personnel Zhang Youtao and Zheng Yuan reduced their indirect shareholdings by **148,472 shares** and **58,225 shares**, respectively, through Nanjing Xinrui Equity Investment Partnership (Limited Partnership) due to personal financial needs Changes in Shareholdings of Directors, Supervisors, Senior Management, and Core Technical Personnel | Name | Position | Beginning Shareholding | Ending Shareholding | Change in Shares During Reporting Period | Reason for Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Zhang Youtao | Core Technical Personnel | 873,371 | 724,899 | -148,472 | Due to personal financial needs | | Zheng Yuan | Core Technical Personnel | 400,050 | 341,825 | -58,225 | Due to personal financial needs | - Core technical personnel Zhang Youtao and Zheng Yuan reduced their indirectly held shares through Nanjing Xinrui Equity Investment Partnership (Limited Partnership) due to personal financial needs[132](index=132&type=chunk) Section VII Bond-Related Information [Corporate Bonds and Debt Financing Instruments](index=55&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%EF%BC%88%E5%90%AB%E4%BC%81%E4%B8%9A%E5%80%BA%E5%88%B8%EF%BC%89%E5%92%8C%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E4%B8%9A%E5%80%BA%E5%8A%A1%E8%9E%8D%E8%B5%84%E5%B7%A5%E5%85%B7) The company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during this reporting period - The company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during this reporting period[135](index=135&type=chunk) [Convertible Corporate Bonds](index=55&type=section&id=%E4%BA%8C%E3%80%81%E5%8F%AF%E8%BD%AC%E6%8D%A2%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E6%83%85%E5%86%B5) The company had no convertible corporate bonds during this reporting period - The company had no convertible corporate bonds during this reporting period[135](index=135&type=chunk) Section VIII Financial Report [Audit Report](index=56&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This semi-annual report is unaudited - This semi-annual report is unaudited[137](index=137&type=chunk) [Financial Statements](index=56&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for H1 2025, comprehensively reflecting its financial position, operating results, and cash flows - Financial statements include consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity[137](index=137&type=chunk)[140](index=140&type=chunk)[145](index=145&type=chunk)[149](index=149&type=chunk)[153](index=153&type=chunk)[156](index=156&type=chunk)[159](index=159&type=chunk)[164](index=164&type=chunk) [Consolidated Balance Sheet](index=56&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the company's consolidated total assets were **7.62 billion yuan**, a **4.64% decrease**; total liabilities were **1.47 billion yuan**, an **18.64% decrease**; and total owners' equity attributable to the parent company was **6.15 billion yuan**, a **0.55% decrease**, with significant changes in notes receivable, accounts receivable, and inventory Consolidated Balance Sheet Key Data | Item | June 30, 2025 (yuan) | December 31, 2024 (yuan) | | :--- | :--- | :--- | | Total Assets | 7,624,401,571.31 | 7,995,335,175.06 | | Total Liabilities | 1,472,408,651.59 | 1,809,565,299.75 | | Total Owners' Equity Attributable to Parent Company | 6,151,992,919.72 | 6,185,769,875.31 | | Monetary Funds | 1,867,491,860.42 | 2,356,235,139.58 | | Trading Financial Assets | 120,223,561.64 | - | | Notes Receivable | 43,662,584.54 | 722,920,443.67 | | Accounts Receivable | 3,227,703,706.42 | 2,626,868,163.31 | | Inventory | 332,537,824.30 | 256,158,437.55 | | Notes Payable | 246,962,447.01 | 726,973,989.25 | | Accounts Payable | 993,700,312.97 | 770,712,252.69 | [Consolidated Income Statement](index=60&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In H1 2025, the company's total operating revenue was **1.07 billion yuan**, a **17.82% decrease**; net profit was **201 million yuan**, a **17.66% decrease**, with shifts in credit impairment losses and reduced asset impairment losses Consolidated Income Statement Key Data | Item | H1 2025 (yuan) | H1 2024 (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,070,490,654.08 | 1,302,612,361.68 | | Total Operating Costs | 859,591,888.52 | 1,089,346,216.64 | | Operating Cost | 651,813,476.20 | 844,914,644.65 | | Taxes and Surcharges | 11,826,747.55 | 8,107,599.86 | | Selling Expenses | 5,315,616.86 | 4,400,444.40 | | Administrative Expenses | 68,385,853.94 | 64,134,131.97 | | R&D Expenses | 130,270,296.93 | 179,831,873.30 | | Financial Expenses | -8,020,102.96 | -12,042,477.54 | | Total Profit | 216,571,588.42 | 255,927,097.93 | | Net Profit | 201,365,853.84 | 244,556,106.08 | | Basic Earnings Per Share (yuan/share) | 0.34 | 0.41 | | Diluted Earnings Per Share (yuan/share) | 0.34 | 0.41 | - Credit impairment losses for the current period were **-17.24 million yuan**, compared to **43.00 million yuan** in the prior year period, shifting from a gain to a loss[147](index=147&type=chunk) - Asset impairment losses for the current period were **-5.37 million yuan**, compared to **-42.06 million yuan** in the prior year period, indicating a decrease in the amount of loss year-on-year[147](index=147&type=chunk) [Consolidated Cash Flow Statement](index=64&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In H1 2025, net cash flow from operating activities was **69.94 million yuan**, an **80.64% decrease** due to reduced sales; net cash flow from investing activities was **-291.05 million yuan** from fewer investment redemptions; and net cash flow from financing activities was **-259.72 million yuan** due to cash dividend distribution Consolidated Cash Flow Statement Key Data | Item | H1 2025 (yuan) | H1 2024 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 69,936,468.88 | 361,189,602.39 | | Net Cash Flow from Investing Activities | -291,051,002.40 | 95,125,222.57 | | Net Cash Flow from Financing Activities | -259,717,897.39 | -40,686.50 | | Net Increase in Cash and Cash Equivalents | -480,832,430.91 | 456,274,138.46 | | Ending Balance of Cash and Cash Equivalents | 1,840,951,342.12 | 2,786,947,777.36 | - Net cash flow from operating activities decreased by **80.64%** year-on-year, primarily due to a reduction in cash received from sales of goods and provision of services[153](index=153&type=chunk) - Net cash flow from investing activities shifted from positive to negative, mainly due to a decrease in cash received from investment redemptions[154](index=154&type=chunk) - Net cash flow from financing activities significantly decreased, primarily due to the distribution of **238.41 million yuan** in cash dividends[155](index=155&type=chunk) [Consolidated Statement of Changes in Owners' Equity](index=68&type=section&id=%E5%90%88%E5%B9%B6%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) In H1 2025, total owners' equity attributable to the parent company decreased by **33.78 million yuan**, mainly influenced by a **238 million yuan** profit distribution, while comprehensive income was **201 million yuan**, and share-based payment and special reserves increased Consolidated Statement of Changes in Owners' Equity Key Data | Item | June 30, 2025 (yuan) | December 31, 2024 (yuan) | | :--- | :--- | :--- | | Paid-in Capital (or Share Capital) | 596,014,900.00 | 596,014,900.00 | | Capital Reserve | 4,135,280,570.50 | 4,134,217,933.06 | | Special Reserve | 17,603,904.83 | 15,403,391.70 | | Surplus Reserve | 207,865,153.64 | 207,865,153.64 | | Retained Earnings | 1,195,228,390.75 | 1,232,268,496.91 | | Total Owners' Equity Attributable to Parent Company | 6,151,992,919.72 | 6,185,769,875.31 | - Total owners' equity attributable to the parent company decreased by **33.78 million yuan** in the current period[160](index=160&type=chunk) - Profit distribution for the current period was **238.41 million yuan**[160](index=160&type=chunk) - Share-based payment recognized in owners' equity amounted to **1.06 million yuan**[160](index=160&type=chunk) - Special reserves increased by **2.20 million yuan** in the current period[161](index=161&type=chunk) [Company Basic Information](index=75&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Nanjing Guobo Electronics Co., Ltd., listed on the STAR Market in 2022, increased its registered capital to **596.01 million yuan**, primarily engages in R&D, production, and sales of integrated circuits, chips, modules, and microwave components, and consolidates Nanjing Guowei Electronics Co., Ltd - The company's shares were listed and traded on the Shanghai Stock Exchange on July 22, 2022[169](index=169&type=chunk) - The company completed a capital reserve capitalization on July 2, 2024, increasing its share capital to **596.01 million shares**[169](index=169&type=chunk) - The company belongs to the software and information technology services industry and the computer, communication, and other electronic equipment manufacturing industry, with its main business activities being the R&D, production, and sales of integrated circuits, chips, modules, and microwave components[170](index=170&type=chunk) - Nanjing Guowei Electronics Co., Ltd. is included in the scope of this period's consolidated financial statements[170](index=170&type=chunk) [Basis of Financial Statement Preparation](index=75&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The company's financial statements are prepared on a going concern basis, with no events or circumstances indicating significant doubt about its ability to continue as a going concern for the next 12 months - The company's financial statements are prepared on a going concern basis[171](index=171&type=chunk) - There are no events or circumstances that raise significant doubt about the company's ability to continue as a going concern for the 12 months from the end of the reporting period[172](index=172&type=chunk) [Significant Accounting Policies and Estimates](index=75&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) The company adheres to enterprise accounting standards, preparing financial statements on a going concern basis with RMB as the functional currency, detailing significant accounting policies and estimates for financial instruments, receivables, inventory, fixed assets, revenue recognition, and safety production expenses - The financial statements prepared by the company comply with enterprise accounting standards and accurately and completely reflect its financial position[174](index=174&type=chunk) - The company's operating cycle is short, using **12 months** as the standard for classifying assets and liabilities as current or non-current[176](index=176&type=chunk) - Financial assets are classified into three categories: measured at amortized cost, measured at fair value through other comprehensive income, and measured at fair value through profit or loss[184](index=184&type=chunk) - The company accrues bad debt provisions for financial assets such as notes receivable, accounts receivable, and other receivables based on expected credit losses[190](index=190&type=chunk) - Inventory is measured at the lower of cost and net realizable value, with inventory impairment provisions accrued for the difference when cost exceeds net realizable value for individual inventory items[208](index=208&type=chunk) - The company recognizes revenue from sales of T/R components and RF modules, RF chips, and other businesses at the point when the customer obtains control of the goods[244](index=244&type=chunk) - The company extracts safety production fees in accordance with regulations from the Ministry of Finance and the Ministry of Emergency Management, recognizing them in relevant product costs or current profit and loss, and simultaneously recording them in the "Special Reserve" account[255](index=255&type=chunk) [Taxes](index=95&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) The company's main taxes include VAT, urban maintenance and construction tax, corporate income tax, education surcharge, local education surcharge, property tax, stamp duty, and land use tax; both the company and its subsidiary Guowei Electronics are recognized as high-tech enterprises, enjoying a **15% corporate income tax preferential rate**, and also benefit from a **15% VAT super deduction** for integrated circuit enterprises from 2023 Main Tax Categories and Rates | Tax Type | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Sales of goods and taxable services revenue | 13%, 9%, 6% | | Urban Maintenance and Construction Tax | Actual amount of turnover tax paid | 7% | | Corporate Income Tax | Taxable income | 15% | | Education Surcharge | Actual amount of turnover tax paid | 3% | | Local Education Surcharge | Actual amount of turnover tax paid | 2% | | Property Tax | Original value of property or rental income | 1.2%, 12% | - The company was recognized as a high-tech enterprise by Jiangsu Province in December 2024, and has been subject to a **15% corporate income tax rate** since 2024[258](index=258&type=chunk) - Guowei Electronics was recognized as a high-tech enterprise by Jiangsu Province in November 2023, and has been subject to a **15% corporate income tax rate** since 2023[259](index=259&type=chunk) - Both the company and Guowei Electronics enjoy a **15% VAT super deduction** for integrated circuit enterprises from January 1, 2023, to December 31, 2027[259](index=259&type=chunk) [Notes to Consolidated Financial Statement Items](index=96&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section details period-end balances and changes for major consolidated financial statement items, including monetary funds, trading financial assets, notes receivable, accounts receivable, inventory, operating revenue and cost, R&D expenses, financial expenses, other income, investment income, credit impairment losses, asset impairment losses, income tax expenses, and cash flow items, noting significant changes in receivables, payables, and impairment losses Monetary Funds Composition | Item | Ending Balance (yuan) | Beginning Balance (yuan) | | :--- | :--- | :--- | | Bank Deposits | 332,999,207.19 | 613,559,747.28 | | Other Monetary Funds | 26,540,518.30 | 34,451,366.55 | | Deposits with Finance Company | 1,507,952,134.93 | 1,708,224,025.75 | | **Total** | **1,867,491,860.42** | **2,356,235,139.58** | Trading Financial Assets | Item | Ending Balance (yuan) | | :--- | :--- | | Structured Deposits | 120,223,561.64 | | **Total** | **120,223,561.64** | Notes Receivable Classification | Item | Ending Balance (yuan) | Beginning Balance (yuan) | | :--- | :--- | :--- | | Bank Acceptance Bills | 883,885.01 | 2,160,472.14 | | Commercial Acceptance Bills | 42,778,699.53 | 720,759,971.53 | | **Total** | **43,662,584.54** | **722,920,443.67** | Accounts Receivable Aging Distribution | Aging | Ending Book Balance (yuan) | | :--- | :--- | | Within 1 year | 2,092,266,369.65 | | 1 to 2 years | 1,279,641,265.81 | | 2 to 3 years | 57,832,908.97 | | Over 3 years | 25,550,910.04 | | **Total** | **3,455,291,494.47** | Inventory Classification | Item | Ending Book Value (yuan) | Beginning Book Value (yuan) | | :--- | :--- | :--- | | Raw Materials | 84,693,885.01 | 74,722,143.47 | | Work in Progress | 138,872,021.13 | 86,477,878.24 | | Finished Goods | 28,611,832.34 | 41,076,470.74 | | Goods in Transit | 56,044,294.57 | 34,543,450.57 | | Consigned Processing Materials | 24,315,791.25 | 19,338,494.53 | | **Total** | **332,537,824.30** | **256,158,437.55** | Operating Revenue and Operating Cost | Contract Classification | Operating Revenue (yuan) | Operating Cost (yuan) | | :--- | :--- | :--- | | T/R Components and RF Modules | 944,069,622.18 | 569,973,274.86 | | RF Chips | 90,868,045.33 | 62,678,674.08 | | Other Chips | 21,879,383.02 | 8,773,799.50 | | Other | 13,673,603.55 | 10,387,727.76 | | **Total** | **1,070,490,654.08** | **651,813,476.20** | R&D Expense Composition | Item | Amount Incurred This Period (yuan) | Amount Incurred Last Period (yuan) | | :--- | :--- | :--- | | R&D Materials | 31,816,409.86 | 84,187,133.91 | | Employee Compensation | 66,462,227.44 | 63,859,314.85 | | Depreciation and Amortization Expenses | 22,497,495.72 | 18,803,166.86 | | Testing and Design Fees | 7,148,910.15 | 9,704,596.95 | | Share-Based Payment | 943,980.66 | 943,980.66 | | Other Expenses | 1,401,273.10 | 2,333,680.07 | | **Total** | **130,270,296.93** | **179,831,873.30** | Credit Impairment Losses | Item | Amount Incurred This Period (yuan) | Amount Incurred Last Period (yuan) | | :--- | :--- | :--- | | Notes Receivable Impairment Loss | 69,357,286.80 | 99,884,857.38 | | Accounts Receivable Impairment Loss | -86,555,998.55 | -56,864,740.34 | | Other Receivables Impairment Loss | -44,980.42 | -19,512.15 | | **Total** | **-17,243,692.17** | **43,000,604.89** | Asset Impairment Losses | Item | Amount Incurred This Period (yuan) | Amount Incurred Last Period (yuan) | | :--- | :--- | :--- | | Inventory Impairment Loss and Contract Performance Cost Impairment Loss | -5,374,766.94 | -42,062,375.35 | | **Total** | **-5,374,766.94** | **-42,062,375.35** | [R&D Expenses](index=139&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) The company's total R&D expenditure for H1 2025 was **130.27 million yuan**, all expensed, representing a **27.56% decrease** year-on-year, primarily allocated to R&D materials, employee compensation, depreciation and amortization, and testing and design fees R&D Expenditure by Nature of Expense | Item | Amount Incurred This Period (yuan) | Amount Incurred Last Period (yuan) | | :--- | :--- | :--- | | R&D Materials | 31,816,409.86 | 84,187,133.91 | | Employee Compensation | 66,462,227.44 | 63,859,314.85 | | Depreciation and Amortization Expenses | 22,497,495.72 | 18,803,166.86 | | Testing and Design Fees | 7,148,910.15 | 9,704,596.95 | | Share-Based Payment | 943,980.66 | 943,980.66 | | Other Expenses | 1,401,273.10 | 2,333,680.07 | | **Total** | **130,270,296.93** | **179,831,873.30** | | Of which: Expensed R&D Expenditure | 130,270,296.93 | 179,831,873.30 | | Capitalized R&D Expenditure | - | - | [Changes in Consolidation Scope](index=140&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) There were no changes in the company's consolidation scope during this reporting period - There were no changes in the company's consolidation scope during this reporting period[403](index=403&type=chunk) [Equity in Other Entities](index=141&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company's subsidiary, Nanjing Guowei Electronics Co., Ltd., is registered in Nanjing, operates in manufacturing, has a **100%** shareholding, and was acquired through a business combination under common control Composition of Enterprise Group | Subsidiary Name | Main Operating Location | Registered Location | Business Nature | Registered Capital (million yuan) | Shareholding Percentage (%) | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Nanjing Guowei Electronics Co., Ltd. | Nanjing | Nanjing | Manufacturing | 60.00 | 100.00 | Business combination under common control | [Government Grants](index=142&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) This period, the company received **2.995 million yuan** in new government grants, with total government grants recognized in current profit or loss amounting to **8.56 million yuan**, of which **6.01 million yuan** was asset-related and **2.55 million yuan** was income-related, resulting in an ending balance of deferred income of **29.41 million yuan** Liability Items Involving Government Grants | Financial Statement Item | Beginning Balance (yuan) | New Grants This Period (yuan) | Amount Recognized in Non-Operating Income This Period (yuan) | Amount Transferred to Other Income This Period (yuan) | Ending Balance (yuan) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 31,062,469.01 | - | - | 6,014,216.65 | 25,048,252.36 | Asset-related | | Deferred Income | 3,285,560.04 | 2,995,000.00 | - | 1,920,060.75 | 4,360,499.29 | Income-related | | **Total** | **34,348,029.05** | **2,995,000.00** | **-** | **7,934,277.40** | **29,408,751.65** | **/** | Government Grants Recognized in Current Profit or Loss | Type | Amount Incurred This Period (yuan) | Amount Incurred Last Period (yuan) | | :--- | :--- | :--- | | Asset-related | 6,014,216.65 | 5,870,702.23 | | Income-related | 2,548,060.75 | 6,228,493.42 | | **Total** | **8,562,277.40** | **12,099,195.65** | [Financial Instrument Risks](index=143&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces credit risk, liquidity risk, and market risk; credit risk primarily arises from monetary funds and receivables, managed by depositing with highly-rated financial institutions and regular customer credit assessments, with **89.90%** of accounts receivable from the top five customers; liquidity risk is managed through diversified financing and bank credit lines; market risk, including interest rate and foreign exchange risk, is managed by adjusting the proportion of fixed and floating rate financial instruments and monitoring exchange rate fluctuations, with foreign exchange risk deemed not significant - The company's objective in risk management is to achieve a balance between risk and return, minimizing th

证券代码：688375 证券简称：国博电子 公告编号：2025-033 南京国博电子股份有限公司 关于使用部分超募资金永久补充流动资金的公告 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： 南京国博电子股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日 召开了第二届董事会第十次会议和第二届监事会第七次会议，会议审议通过了 《关于公司使用部分超募资金永久补充流动资金的议案》，同意公司使用部分超 募资金 2,039.18 万元用于永久补充流动资金，占超募资金总额的比例为 30%。 本次使用超募资金永久补充公司流动资金不会影响募集资金投资项目建设的资 金需求。 上述募集资金到位情况业经天健会计师事务所（特殊普通合伙）验证，并由 其出具《验资报告》（天健验〔2022〕361号）。为规范公司募集资金的管理和 使用，保护投资者权益，公司设立相关募集资金专项账户，存储全部募集资金， 并与保荐机构、存放募集资金的商业银行签订了募集资金三方监管协议。具体情 况详见公司2022年7月21日披露于上海证券交易所网 ...

南京国博电子股份有限公司 未来三年（2025 年-2027 年）股东分红回报规划 一、公司制定本规划的考虑因素 公司着眼于长远和可持续的发展，在综合分析公司实际经营发展情况、社会 资金成本、外部融资环境等因素的基础上，充分考虑公司目前及未来盈利规模、 现金流量状况、发展所处阶段、项目投资资金需求、银行信贷及债权融资环境等 因素，建立对投资者持续、稳定、科学的回报规划与机制，以保证股利分配政策 的连续性和稳定性。 为进一步规范南京国博电子股份有限公司（以下简称"公司"）利润分配行 为，完善和健全科学、持续、稳定的分红决策和监督机制，积极回报投资者，引 导投资者树立长期投资和理性投资理念，根据《中华人民共和国公司法》《上市 公司监管指引第 3 号——上市公司现金分红》《上海证券交易所科创板股票上市 规则》等法律法规及规范性文件和《南京国博电子股份有限公司章程》《南京国 博电子股份有限公司利润分配管理制度》的相关规定，公司结合实际情况制定了 《未来三年（2025 年-2027 年股东分红回报规划》（以下简称"本规划"），具体 如下： 公司可采用现金、股票或者现金与股票相结合的方式分配股利，并优先采取 现金方式分配利 ...