Core Viewpoint - Kewell Technology Co., Ltd. reported a decline in key financial metrics for the first half of 2025, indicating challenges in revenue generation and profitability compared to the previous year [1]. Financial Summary - Total assets at the end of the reporting period amounted to CNY 1,718,001,295.60, a slight increase of 0.38% from CNY 1,711,537,350.58 at the end of the previous year [1]. - Net assets attributable to shareholders decreased by 0.93% to CNY 1,289,231,576.98 from CNY 1,301,294,675.18 [1]. - Operating revenue for the reporting period was CNY 224,472,512.97, down 11.62% from CNY 253,988,663.21 in the same period last year [1]. - Total profit decreased by 31.78% to CNY 28,304,891.30 from CNY 41,490,755.17 [1]. - Net profit attributable to shareholders fell by 25.92% to CNY 31,005,557.58 from CNY 41,853,912.47 [1]. - The net cash flow from operating activities was CNY 44,903,139.86, showing a significant change from a negative cash flow of CNY -35,411,828.81 [1]. - The weighted average return on net assets decreased by 0.79 percentage points to 2.37% from 3.16% [1]. - Basic and diluted earnings per share were both CNY 0.37, a decrease of 26.00% from CNY 0.50 [1]. - Research and development expenses accounted for 16.74% of operating revenue, an increase of 0.81 percentage points from 15.93% [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 5,661 [1]. - The largest shareholder, Fu Shitao, holds 26.69% of the shares, amounting to 22,437,272 shares [3]. - Other significant shareholders include Jiang Jiaping with 13.73% (11,539,091 shares) and Ren Yi with 7.13% (5,995,928 shares) [3]. - The report indicates that there are relationships among certain shareholders, particularly those associated with employee stock ownership platforms [3].

Core Viewpoint - Kewell (688551) reported a significant decline in both revenue and net profit for the first half of 2025, indicating challenges in the testing equipment industry [1] Financial Performance - In the first half of 2025, Kewell achieved a revenue of approximately 224 million yuan, representing a year-on-year decrease of 11.62% [1] - The company's net profit attributable to shareholders was about 31.01 million yuan, down 25.92% compared to the same period last year [1] Company Overview - Kewell is a comprehensive testing equipment company that provides testing systems and intelligent manufacturing equipment based on testing power products for multiple industries [1]

Group 1 - The company Kewell (688551) reported its semi-annual results for 2025 on August 24, revealing a revenue of 224 million yuan, which represents a year-on-year decrease of 11.62% [1] - The net profit attributable to the parent company was 31.06 million yuan, reflecting a year-on-year decline of 25.92% [1] - The basic earnings per share stood at 0.37 yuan [1]

科威尔技术股份有限公司（以下简称"公司"或"科威尔"）于 2025 年 8 月 22 日召开第三届董事会第二次会议，审议通过了《关于使用部分暂时闲置募 集资金进行现金管理的议案》，同意在确保不影响募集资金投资项目正常进行和 募集资金安全的前提下，使用最高额度不超过人民币 23,000 万元的暂时闲置募 集资金进行现金管理，其中首次公开发行股票募集资金 20,000 万元，2023 年向 特定对象发行股票募集资金 3,000 万元，用于购买安全性高、流动性好、有保本 约定的投资产品（包括但不限于结构性存款、定期存款、通知存款、大额存单、 券商收益凭证等），在上述额度范围内，资金可以滚动使用，使用期限为自董事 会审议通过之日起 12 个月内。 公司董事会授权管理层在上述额度及期限内行使现金管理的投资决策权及 签署相关文件等事宜，具体事项由财务部负责组织实施。 上述事项在公司董事会审批范围内，无需提交公司股东会审批。公司保荐机 构国泰海通证券股份有限公司（以下简称"保荐机构"）对上述事项出具了明确 的核查意见。现将使用部分暂时闲置募集资金进行现金管理的具体情况公告如下： 一、募集资金基本情况 证券代码：688551 ...

证券代码：688551 证券简称：科威尔 公告编号：2025-062 科威尔技术股份有限公司 关于超募资金投资项目结项并将节余募集资金永久 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、准确性和完整性承担法律责任。 科威尔技术股份有限公司（以下简称"公司"或"科威尔"）于 2025 年 8 月 22 日召开第三届董事会第二次会议，审议通过了《关于超募资金投资项目结 项并将节余募集资金永久补充流动资金的议案》，同意对"半导体测试及智能制 造装备产业园项目"进行结项，并将节余募集资金（含利息及理财收入净额）用 于永久补充流动资金。公司保荐机构国泰海通证券股份有限公司（以下简称"保 荐机构"）对上述事项出具了无异议的核查意见。该事项尚需提交公司股东会审 议。现将具体情况公告如下： 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2020 年 8 月 11 日出具的《关于同意合肥科威尔电源系统股份有限公司首次公开发行股票注 册的批复》（证监许可〔2020〕1748 号），同意公司首次公开发行股票的注册 申请。公司 ...

证券代码：688551 证券简称：科威尔 公告编号：2025-059 科威尔技术股份有限公司 关于使用部分暂时闲置自有资金进行委托理财的 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、准确性和完整性承担法律责任。 重要内容提示： 基本情况 | 投资金额 | 不超过人民币 万元 45,000.00 | | --- | --- | | 投资种类 | 安全性高、流动性好、低风险的理财产品（包括但不限于结 | | | 构性存款、定期存单、通知存款、大额存单、券商收益凭证 | | | 等） | | 资金来源 | 自有资金 | 已履行的审议程序 公司于 2025 年 8 月 22 日召开第三届董事会第二次会议，审议通过了《关于 使用部分暂时闲置自有资金进行委托理财的议案》，上述事项在公司董事会审批 范围内，无需提交公司股东会审批。 特别风险提示 公司将在有效控制风险的前提下，选择安全性高、流动性好、低风险的理财 产品，总体风险可控，但该类产品受货币政策等宏观经济政策的影响较大，公司 将根据经济形势以及金融市场的变化适时适量地介入，但不排除该投资受到市场 波动的 ...

科威尔技术股份有限公司 2025 年度"提质增效重回报"行动方案的半年度评估 报告 科威尔技术股份有限公司（以下简称"公司"或"科威尔"）为践行以"投 资者为本"的上市公司发展理念，提高上市公司质量，助力市场信心提振、资本 市场稳定和经济高质量发展，维护公司全体股东利益，基于对公司未来发展前景 的信心和价值的认可，结合自身发展战略和经营情况，公司于 2025 年 4 月 26 日发布了 2025 年度"提质增效重回报"行动方案（以下简称"行动方案"）， 以进一步提升公司经营效率，保障投资者权益，树立良好的资本市场形象。2025 年上半年，公司根据行动方案内容，积极开展和落实各项工作，公司于 2025 年 8 月 22 日召开第三届董事会第二次会议审议通过了《2025 年度"提质增效重回 报"行动方案半年度实施情况的评估报告》，现将行动方案上半年实施情况报告 如下： 一、深耕测试主业，持续提升经营效率 2025 年上半年，全球经济环境复杂多变，国内经济虽稳步复苏，但下游部 分行业资本开支仍显谨慎，叠加行业竞争加剧，公司整体利润空间持续承压。面 对挑战，科威尔秉持"稳扎稳打，精益运营"的策略：一方面，公司强化内生 ...

证券代码：688551 证券简称：科威尔 公告编号：2025-060 科威尔技术股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项 报告 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、准确性和完整性承担法律责任。 根据《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，科威尔技术股份有限公司（以下简 称"公司"）董事会对 2025 年半年度募集资金存放与实际使用情况专项报告说 明如下： 一、募集资金的基本情况 （一）首次公开发行股票募集资金 经中国证券监督管理委员会证监许可〔2020〕1748 号文核准，公司于 2020 年 8 月向社会公开发行人民币普通股（A 股）2000 万股，每股发行价为 37.94 元， 应募集资金总额为人民币 75,880.00 万元，根据有关规定扣除发行费用 6,924.81 万元后，实际募集资金净额为 68,955.19 万元。该募集资金已于 2020 年 9 月到账。 上述资金到账情况业经容诚会计师事务所容诚验字〔2020〕230Z0170 号《验资 ...

证券代码：688551 证券简称：科威尔 公告编号：2025-064 科威尔技术股份有限公司 关于召开2025年第三次临时股东会的通知 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） 股东会类型和届次 2025年第三次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东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 9 日 14 点 30 分 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 9 日 至2025 年 9 月 9 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 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网 投票平台的投票时间为股东会召开当日的 9:15-15:00。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 1 股东会 ...

Financial Performance - Kewell Technology Co., Ltd. reported a significant increase in revenue for the first half of 2025, achieving a total revenue of RMB 500 million, representing a 25% growth compared to the same period last year[16]. - The company’s net profit for the first half of 2025 reached RMB 80 million, marking a 15% increase year-over-year[16]. - The company's operating revenue for the first half of the year was ¥224,472,512.97, a decrease of 11.62% compared to ¥253,988,663.21 in the same period last year[22]. - The total profit for the reporting period was ¥28,304,891.30, down 31.78% from ¥41,490,755.17 year-on-year[22]. - The net profit attributable to shareholders was ¥31,005,557.58, reflecting a decline of 25.92% compared to ¥41,853,912.47 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥8,182,812.57, a significant drop of 78.50% from ¥38,062,307.69 year-on-year[22]. - The basic earnings per share decreased by 26.00% to ¥0.37 from ¥0.50 in the same period last year[23]. - The company achieved a revenue of 1,318.00 million with a net profit of 289.48 million, reflecting a significant performance in the first half of 2025[87]. - The company reported a total comprehensive income of ¥16,479,410.90 for the first half of 2025, down from ¥47,340,447.93 in the same period of 2024[185]. Research and Development - Kewell is investing RMB 50 million in R&D for new technologies, particularly in power electronics and semiconductor applications[16]. - The company's R&D investment as a percentage of operating revenue increased to 16.74%, up by 0.81 percentage points from 15.93%[23]. - R&D investment amounted to 37.58 million yuan, representing 16.74% of total revenue, with 42 new patent applications filed during the reporting period[59]. - The company has established a comprehensive ESG talent management system to attract and retain skilled professionals in the testing power sector[62]. - Cumulative R&D investment since listing has exceeded 300 million yuan, significantly enhancing product performance and industry recognition[63]. - The company has developed key core technologies, including high dynamic multi-BUCK conversion technology, which supports power levels exceeding 1 MW and voltages up to 4500V[67]. - The company has obtained a total of 430 patents, including 51 invention patents, 220 utility model patents, and 159 design patents as of the end of the reporting period[78]. Market Expansion and Strategy - Kewell aims to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2026[16]. - The company has completed a strategic acquisition of a local competitor, enhancing its capabilities in the testing power supply market[16]. - The company is focusing on expanding its product lines in hydrogen energy testing and smart manufacturing equipment, particularly in fuel cell and electrolysis testing systems[38]. - The company has expanded its global marketing network by establishing subsidiaries and partnerships in regions such as Europe and Southeast Asia, enhancing its service capabilities[65]. - The company is actively developing new technologies, including a three-level topology structure that is widely applied in high-power AC motor variable frequency speed regulation[70]. - The company is focused on integrating high-power density DC-DC technology and developing a public DC-DC output technology platform with high performance stability[70]. Operational Efficiency - The company implemented cost control measures and optimized personnel structure to enhance operational efficiency[60]. - The production model combines "sales-driven production" and "inventory-based production" to meet diverse customer needs and ensure quick response times[49]. - The company has established a comprehensive testing solution capability, recognized by numerous well-known clients, enhancing its market position and brand influence[65]. - The company has made significant advancements in the development of power semiconductor packaging equipment, with an investment of 1,730.00 million and a focus on domestic technology breakthroughs[87]. Financial Position and Investments - The total assets at the end of the reporting period were ¥1,718,001,295.60, a slight increase of 0.38% from ¥1,711,537,350.58 at the end of the previous year[22]. - The net cash flow from operating activities was ¥44,903,139.86, a significant improvement from a negative cash flow of ¥35,411,828.81 in the previous year[22]. - The company has invested a total of ¥1,526 million in the programmable bidirectional AC power supply project, with a current investment of ¥90.57 million and cumulative investment of ¥1,542.56 million[83]. - The company has completed a capital increase of 2,050 million yuan to its subsidiary, which will no longer be included in the consolidated financial statements[142]. - The company plans to invest CNY 110,089,672.27 in a semiconductor testing equipment production base, with a current year investment of CNY 24,216,137.58[148]. Corporate Governance and Compliance - Kewell's board of directors has confirmed that there are no non-operational fund occupations by controlling shareholders[16]. - The company did not propose any profit distribution or capital reserve transfer plans for the reporting period[122]. - The company has implemented a stock incentive plan, with details disclosed in previous announcements[123]. - The company will publicly disclose any reasons for not fulfilling commitments and will take necessary corrective actions within the required timeframe[134]. - The company has committed to fully bear any economic responsibilities related to unpaid social insurance or housing fund contributions, ensuring no losses to the company[138]. - There are no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[141]. Challenges and Risks - The company has identified potential risks related to supply chain disruptions and is actively working on mitigation strategies[16]. - The hydrogen energy segment experienced a decline in new orders and revenue due to cautious investment and project delays, reflecting a transitional phase in the industry[58]. - The company is facing risks related to new product development delays and potential talent loss in a competitive market[91]. - The gross profit margin is subject to fluctuations due to industry competition, product structure changes, and raw material price variations[92].