苏州上声电子股份有限公司2025 年半年度报告 公司代码：688533 公司简称：上声电子 债券代码：118037 债券简称：上声转债 苏州上声电子股份有限公司 2025 年半年度报告 1 / 216 苏州上声电子股份有限公司2025 年半年度报告 重要提示 一、 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。 二、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。公司已在本报告中详细 描述可能存在的相关风险，敬请查阅第三节"管理层讨论与分析"中有关风险的说明。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人周建明、主管会计工作负责人陶育勤及会计机构负责人（会计主管人员）徐秀 丽声明：保证半年度报告中财务报告的真实、准确、完整。 六、 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 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 √适用 □不适用 本报告中涉及未来计划、发展战略等前瞻性描述，不构成公 ...

苏州上声电子股份有限公司 关于 2025 年度"提质增效重回报"行动方案 半年度评估报告 苏州上声电子股份有限公司（以下简称"公司"） 积极贯彻落 实科创板上市公司"提质增效重回报"专项行动，为全面提升上市公 司高质量发展、给广大投资者更多回报、创造更大投资价值、树立良 好的资本市场形象，公司制定了《2025 年度"提质增效重回报"行 动方案》，现将 2025 年行动方案的实施进展及评估情况报告如下： 一、聚焦主营业务，寻求外延拓展 2025 年度，面对国内汽车市场竞争加剧，价格竞争激烈的局面， 汽车零部件行业整体盈利能力面临挑战。公司将紧紧围绕车载声学核 心业务，聚焦主业创新，积极寻求增长；明确了 2025 年是公司管理 发展的"产品质量提升年、产品创新突破年、产品成本下降年"，动 员全体干部必须"凝聚共识、勇担新使命、展现新作为、干出新样子"。 2025 年上半年，公司实现营业总收入 13.67 亿元，全面保持营 收的积极增长（同比增长 10.35%）；公司 4 月份在上海车展发布 AI 全景声音响系统以来，各项创新产品得到了来自客户的肯定，公司将 积极向客户推介前沿技术服务方案，加快新技术新产品的商用落 ...

证券之星消息，8月27日，上声电子（688533）融资买入1937.71万元，融资偿还1918.34万元，融资净买 入19.37万元，融资余额1.03亿元，近3个交易日已连续净买入累计397.23万元，近20个交易日中有11个 交易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-08-27 | 19.37万 | 1.03亿 | 2.20% | | 2025-08-26 | 326.38万 | 1.02亿 | 2.14% | | 2025-08-25 | 51.48万 | 9905.50万 | 2.07% | | 2025-08-22 | 435.86万 | 9854.02万 | 2.05% | | 2025-08-21 | -370.98万 | 9418.16万 | 2.02% | | 交易日 | 两融余额(元) | 余额变动 (元) | 变动幅度 | | --- | --- | --- | --- | | 2025-08-27 | 1.03亿 | 19.37万 | 0.19% | | 2025- ...

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing at 3881.07 points, up 0.33%, and a total trading volume of 1.746 trillion yuan, indicating a strong market performance [1] Group 1: Market Performance - The Shanghai Composite Index is above the annual line, reflecting a bullish trend in the market [1] - A total of 14 A-shares have surpassed the annual line today, with notable stocks including Digital Human, Transsion Holdings, and *ST Wan Fang showing significant deviation rates [1] Group 2: Stock Highlights - Digital Human has the highest deviation rate at 13.78%, with a daily increase of 17.94% and a turnover rate of 23.13% [1] - Transsion Holdings follows with a deviation rate of 3.42%, a daily increase of 5.27%, and a turnover rate of 1.02% [1] - *ST Wan Fang has a deviation rate of 2.05%, with a daily increase of 2.36% and a turnover rate of 4.96% [1] Group 3: Additional Stock Data - Other stocks with notable performance include Jing Sheng Electric (1.90% deviation), *ST Bo Guo (1.56% deviation), and Jia You International (1.50% deviation) [1] - Stocks like ST Hongda and Hunan YN show minimal deviation rates of 1.08% and 0.29% respectively, indicating they have just crossed the annual line [1]

Core Viewpoint - The company, Suzhou Aosheng Electronics Co., Ltd., has shown a mixed performance in terms of financing and stockholder dynamics, with a notable increase in revenue but a significant decline in net profit [1][2]. Financing Summary - On August 26, Aosheng Electronics had a financing buy-in amount of 11.51 million yuan, with a net financing buy of 3.26 million yuan, resulting in a total financing and securities balance of 102 million yuan [1]. - The current financing balance of 102 million yuan accounts for 2.14% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low financing level [1]. - There were no shares sold or repaid in the securities lending market on August 26, with a securities lending balance of 0, which is above the 70th percentile level over the past year, indicating a high level of securities lending [1]. Company Performance Summary - As of March 31, the number of shareholders increased by 4.22% to 7,071, while the average circulating shares per person decreased by 4.04% to 23,030 shares [2]. - For the first quarter of 2025, Aosheng Electronics reported a revenue of 636 million yuan, reflecting a year-on-year growth of 6.4%, but the net profit attributable to shareholders decreased by 53.27% to 27.33 million yuan [2]. - Since its A-share listing, the company has distributed a total of 171 million yuan in dividends, with 152 million yuan distributed over the past three years [2]. Shareholder Dynamics Summary - As of March 31, 2025, the sixth largest circulating shareholder is E Fund New Silk Road Mixed Fund, holding 767,200 shares as a new shareholder [2]. - The seventh largest circulating shareholder, Southern Science and Technology Innovation Board 3-Year Open Mixed Fund, reduced its holdings by 485,100 shares to 762,500 shares [2]. - Several funds, including China Europe Value Discovery Mixed A and China Europe Potential Value Flexible Allocation Mixed A, have exited the top ten circulating shareholders list [2].

Group 1 - The company, Suzhou Sonavox Electronics Co., Ltd., is issuing convertible bonds to unspecified investors and plans to list them on the Sci-Tech Innovation Board [1][4] - The total amount of funds to be raised from this issuance is not to exceed 330 million RMB, with the net proceeds allocated to specific projects and working capital [23][24] - The company has a registered capital of 162.8472 million RMB and was established on June 27, 1992, with its stock listed on April 19, 2021 [4][12] Group 2 - The company specializes in manufacturing automotive speakers, audio systems, and various electronic components, indicating a focus on the automotive and electronics sectors [4][14] - The company has established a strong presence in the automotive acoustic product supply chain, collaborating with well-known automotive manufacturers [14][19] - The company’s financial health is supported by its average distributable profits over the last three years, which are sufficient to cover the interest on the convertible bonds [16][18] Group 3 - The underwriting institution, Dongwu Securities, has conducted thorough due diligence and confirmed that the issuance complies with relevant laws and regulations [10][15] - The convertible bonds will have a face value of 100 RMB each and will be issued at par value, with specific terms regarding conversion and redemption outlined [25][28] - The bonds will be rated A+ by Zhongceng Pengyuan, indicating a stable credit outlook [25][26]

Core Viewpoint - Suzhou Sonavox Electronics Co., Ltd. is issuing convertible bonds to raise up to RMB 330 million for technological upgrades and working capital, targeting the growing demand in the automotive acoustic products market driven by the rapid development of electric vehicles and smart cars [17][20]. Company Overview - The company is based in Suzhou, Jiangsu Province, and specializes in manufacturing automotive speakers, audio systems, and electronic components [16]. - The company is listed on the Shanghai Stock Exchange with the stock code 688533 [16]. Bond Issuance Details - The total amount of convertible bonds to be issued is capped at RMB 33 million, with each bond having a face value of RMB 100 and a maturity of six years [21]. - The bonds will be convertible into A-shares and listed on the Sci-Tech Innovation Board [20][21]. Market Context - The global electric vehicle market is projected to grow significantly, with sales expected to reach 18.24 million units in 2024, a year-on-year increase of 24.4% [17]. - In China, the production and sales of new energy vehicles are forecasted to grow by 34.4% and 35.5% respectively in 2024, indicating a strong market potential for automotive acoustic products [17]. Industry Trends - The demand for automotive acoustic products is increasing as consumers prioritize in-car entertainment experiences, especially in electric vehicles where sound quality is crucial due to lower ambient noise levels [18]. - The number of speakers in electric vehicles is significantly higher than in traditional fuel vehicles, with configurations often exceeding 8-12 speakers per vehicle [18]. Use of Proceeds - The funds raised will be allocated to upgrading production lines for smart manufacturing, developing new audio technologies, and supplementing working capital to support the company's expanding operations [20][21].

证券代码：688533 证券简称：上声电子 公告编号：2025-042 债券代码：118037 债券简称：上声转债 苏州上声电子股份有限公司 （上证科审（再融资）〔2025〕102 号）。上交所对公司报送的科创 板上市公司发行证券的募集说明书及相关申请文件进行了核对，认为 申请文件齐备，符合法定形式，决定予以受理并依法进行审核。 公司本次向不特定对象发行可转换公司债券事项尚需通过上交 所审核，并获得中国证券监督管理委员会（以下简称"中国证监会"） 作出同意注册的决定后方可实施，最终能否通过上交所审核，并获得 中国证监会同意注册的决定及其时间尚存在不确定性。公司将根据该 事项的进展情况，按照有关规定和要求及时履行信息披露义务，敬请 广大投资者注意投资风险。 特此公告。 苏州上声电子股份有限公司董事会 获得上海证券交易所受理的公告 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。 苏州上声电子股份有限公司（以下简称"公司"）于 2025 年 08 月 25 日收到上海证券交易所（以下简称"上交所"）出具的《关于 受理苏州上声电 ...

Company Overview - Suzhou Shangsheng Electronics Co., Ltd. is primarily engaged in the research, development, production, and sales of automotive speakers, audio systems, new electronic components, digital audio and video coding and decoding devices, high-end audio equipment, and related products [1][2]. Financial Information - The registered capital of the company is RMB 160 million, with significant contributions from various stakeholders, including Suzhou Shangsheng Investment Management Co., Ltd. and others [1]. - The financial statements were approved by the company's board of directors on April 27, 2023 [1]. Accounting Policies - The company prepares its financial statements based on the going concern principle, indicating a history of profitable operations and financial resources to support ongoing activities [1][3]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and performance accurately [1][3]. Consolidation Scope - The company includes all controlled subsidiaries in its consolidated financial statements, ensuring that all significant internal transactions and balances are eliminated during consolidation [3][4]. - The consolidation scope is determined based on control, and any changes in the consolidation scope for the year 2022 are detailed in the notes [3][4]. Financial Instruments - Financial instruments are recognized when the company becomes a party to the contractual provisions of the financial asset or financial liability [5][6]. - The classification and measurement of financial assets depend on the company's business model for managing financial assets and the contractual cash flow characteristics of the financial assets [6][7]. Inventory Management - The company employs a perpetual inventory system, valuing inventory at actual cost, which includes procurement, processing, and other costs [14]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs when necessary [14]. Long-term Investments - Long-term equity investments are initially measured at cost, with adjustments made for any differences between the initial investment cost and the fair value of identifiable net assets acquired [15][16]. - The company uses the equity method for investments in entities over which it has significant influence or joint control, recognizing its share of the investee's profits or losses [17][18]. Real Estate and Fixed Assets - Investment properties are measured at cost and depreciated over their useful lives, with specific depreciation rates outlined for different asset categories [19][20]. - Fixed assets are also measured at cost, with depreciation calculated using the straight-line method based on the estimated useful life of the assets [19][20].

Core Viewpoint - Suzhou Sonavox Electronics Co., Ltd. is issuing convertible bonds to unspecified investors and plans to list them on the Sci-Tech Innovation Board, aiming to enhance its capital structure and support business growth [1][23]. Company Overview - Suzhou Sonavox Electronics was established on June 27, 1992, and became a joint-stock company on December 28, 2017. It was listed on April 19, 2021 [2]. - The company specializes in acoustic technology to enhance driving experiences and is a leading domestic supplier of automotive acoustic products, integrated into the development systems of many well-known automotive manufacturers [2][3]. Main Business - The company focuses on the research and development of acoustic products, including in-car speaker systems, amplifiers, and AVAS (Acoustic Vehicle Alerting System), providing comprehensive product solutions [2][3]. Core Technologies and R&D Capabilities - The company has developed multiple core technologies in the acoustic field, including acoustic product simulation and design, vehicle sound system design, and acoustic signal processing technologies [4][5]. - Key technologies include active noise control, digital speaker system technology, and multi-zone sound reproduction technology, which enhance the company's competitive edge in the acoustic industry [6][7]. Financial Data - The company reported total assets of 3.21 billion yuan in 2021, with operating income of 636 million yuan and a net profit of 26 million yuan [12]. - The company has shown a significant increase in revenue over the past three years, with operating income rising from 176.89 million yuan in 2019 to 277.59 million yuan in 2021 [12]. Convertible Bond Issuance - The total amount of the convertible bonds to be issued is not more than 330 million yuan, with each bond having a face value of 100 yuan [23][24]. - Existing shareholders will have priority in the subscription of the bonds, with the specific ratio to be determined by the board of directors [24]. Risk Factors - The company faces risks related to high customer concentration, continuous technological innovation, and potential core technology leakage, which could impact its competitive position and financial performance [15][16][20]. - The automotive industry is subject to cyclical fluctuations, and any downturn could adversely affect the company's operations and profitability [20][21].