兰剑智能科技股份有限公司 二〇二五年八月 1 目 录 2 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第五章 董事会 第一节 董事 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 第六章 总经理及其他高级管理人员 第七章 财务会计制度、利润分配和审计 第一节 财务会计制度、利润分配 第二节 内部审计 第三节 会计师事务所的聘任 第八章 通知与公告 第一节 通知 第二节 公告 第九章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十章 修改章程 第十一章 附则 章程 第一条 为维护兰剑智能科技股份有限公司（以下简称"公司"或"本公 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》） ...

兰剑智能科技股份有限公司 信息披露管理制度 第一章 总 则 第一条 为保障兰剑智能科技股份有限公司（以下简称"公司"）信息披露真 实、准确、完整、及时、公平，根据《中华人民共和国公司法》（下简称《公司 法》）、《中华人民共和国证券法》(以下简称《证券法》）、《上市公司治理准 则》、《上市公司信息披露管理办法》以及《上海证券交易所科创板股票上市规 则》（以下简称"上市规则"）及其有关规定，制定本制度。 第二条 本制度所称信息，是指可能对公司股票及其衍生品种交易价格较大影 响而投资者尚未得知的重大事件。 第三条 本制度所称信息披露义务人，是指公司及公司董事、高级管理人员、 股东、实际控制人，收购人，重大资产重组、再融资、重大交易有关各方等自然 人、单位及其相关人员，破产管理人及其成员，以及法律、行政法规和中国证监 会规定的其他承担信息披露义务的主体。 第五条 公司的董事、高级管理人员应当忠实、勤勉地履行职责，保证披露信 息的真实、准确、完整、及时、公平。 第六条 除依法需要披露的信息之外，信息披露义务人可以自愿披露与投资者 作出价值判断和投资决策有关的信息，但不得与依法披露的信息相冲突，不得误 导投资者。 1 第 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2025-038 兰剑智能科技股份有限公司 关于 2025 年度"提质增效重回报"行动方案的半年度评估报告 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、准确性和完整性依法承担法律责任。 兰剑智能科技股份有限公司（以下简称"公司"或"兰剑智能"）为积极践 行"以投资者为本"的上市公司发展理念，推动公司高质量发展和投资价值提升， 保护投资者尤其是中小投资者合法权益，公司于 2025 年 5 月 31 日发布了《公司 2025 年度"提质增效重回报"行动方案》。2025 年上半年，公司根据行动方案 内容积极开展和落实相关工作并认真评估实施效果，于 2025 年 8 月 13 日召开第 五届董事会第十次会议审议通过了《关于公司 2025 年度提质增效重回报行动方 案的半年度评估报告的议案》，现将主要工作成果报告如下： 一、聚焦主营业务，提升经营质量 兰剑智能聚焦主业，全力做好各项工作，继续深耕智能物流系统核心业务， 构建多元化的产品矩阵，成为基于机器人技术的智能物流解决方案专家。公司业 务遍布欧洲、东南亚、 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2025-039 兰剑智能科技股份有限公司 关于高级管理人员离任、核心技术人员调整的公告 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： 一、高级管理人员离任情况 公司董事会近日收到公司副总经理蒋霞先生提交的书面辞职报告，蒋霞先生 因达到法定退休年龄，申请辞去公司副总经理职务，辞职后不再担任公司及子公 司任何职务。 (一) 提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | 原定任期到 期日 | 离任原因 | 是否继续在上市 公司及其控股子 | 具体职务 （如适用） | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 公司任职 | | 公开承诺 | | 蒋霞 | 副总经理 | 2025 年 8 月 | 2027 年 5 月 | 达到法定 | 否 | 不适用 | 否 | | | | 13 日 | 15 日 | 退休年龄 | | | | 副总经理离任 ...

兰剑智能科技股份有限公司 募集资金管理和使用办法 第一章 总则 第一条 为规范兰剑智能科技股份有限公司（以下简称"公司"）募集资金 的管理，提高其使用效率，保护投资者的合法利益，根据《中华人民共和国公司 法》、《中华人民共和国证券法》《首次公开发行股票注册管理办法》《上市公司证 券发行注册管理办法》、《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》《上海证券交易所科创板股票上市 规则》（以下简称"《上市规则》"）等法律法规、规范性文件以及《兰剑智能 科技股份有限公司章程》（以下简称"《公司章程》"），并结合公司实际情况，特 制定本办法。 第二条 本办法所称募集资金是指公司通过发行股票或者其他具有股权性质 的证券，向投资者募集并用于特定用途的资金，但不包括公司为实施股权激励计 划募集的资金。 第三条 公司募集资金应当专款专用。公司使用募集资金应当符合国家产业 政策和相关法律法规，践行可持续发展理念，履行社会责任，原则上应当用于主 营业务，有利于增强公司竞争能力和创新能力。公司募集资金应当投资于科技创 新领域，促进新质生产力发展。募集资金不得用于持有财务性投资，不得 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2025-037 兰剑智能科技股份有限公司 关于取消监事会、变更公司注册资本、修订《公司章 程》及修订、制定公司部分治理制度的公告 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。 兰剑智能科技股份有限公司（以下简称"公司"）于 2025 年 8 月 13 日以现 场结合通讯的方式召开公司第五届董事会第十次会议，审议通过了《关于公司取 消监事会、变更公司注册资本暨修订<公司章程>并办理工商备案登记的议案》和 《关于修订暨制定公司部分治理制度的议案》，该事项尚需提交公司股东大会审 议，现将相关情况公告如下： 一、 取消监事会的情况 因公司取消设置监事会及监事，《兰剑智能科技股份有限公司章程》（以下 简称"《公司章程》"）全文删除有关"监事会""监事"的相关表述；全文"股 东大会"修改为"股东会"；根据最新的《公司法》和《上市公司章程指引》， 结合公司注册资本变更的情况，对《公司章程》进行修订；因删减、合并和新增 部分条款，《公司章程》中原条款序号按修订内容相应调整。鉴于本次 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2025-040 兰剑智能科技股份有限公司 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 网络投票起止时间：自2025 年 9 月 1 日 至2025 年 9 月 1 日 股东大会召开日期：2025年9月1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 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 东大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大会召开当日的 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 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所科创板上市公司自律监管 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2025-036 兰剑智能科技股份有限公司（以下简称"公司"）第五届监事会第八次会议 通知于 2025 年 8 月 3 日以邮件方式送达至公司全体监事。会议于 2025 年 8 月 13 日在公司会议室以现场结合通讯方式召开。本次会议由公司监事会主席孙东 云女士召集并主持，应到监事 3 人，实到监事 3 人。本次会议的召集和召开程序 符合《中华人民共和国公司法》（以下简称"《公司法》"）和《兰剑智能科技 股份有限公司章程》（以下简称"《公司章程》"）等相关规定，会议形成的决 议合法、有效。 二、监事会会议审议情况 兰剑智能科技股份有限公司 第五届监事会第八次会议决议公告 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 与会监事就各项议案进行了审议，并表决通过以下事项： （一）《关于审议<公司 2025 年半年度报告>及其摘要的议案》； 监事会认为：公司 2025 年半年度报告及其摘要的编制和审议程序符合法律、 法规和《公司章程》的各项规定；公司 ...

Core Viewpoint - Lanjian Intelligent (688557.SH) reported a significant increase in revenue and net profit for the first half of 2025, driven by its focus on the robotics smart logistics system industry and increased R&D investment [1] Financial Performance - The company achieved operating revenue of 623 million yuan, representing a year-on-year growth of 19.54% [1] - Net profit attributable to shareholders reached 41.36 million yuan, an increase of 11.89% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 29.23 million yuan, showing a slight decline of 1.34% year-on-year [1] - Basic earnings per share stood at 0.4 yuan [1] Business Growth Drivers - The revenue growth was primarily attributed to the company's continuous efforts in the robotics smart logistics system sector, along with successful project deliveries in various industries such as new energy vehicles, electronics, tobacco, and new materials [1] - The total profit and net profit attributable to shareholders both increased by over 10% due to the rise in operating revenue [1] R&D Investment - R&D investment increased by 9.91 million yuan year-on-year; however, due to the larger revenue growth, the proportion of R&D investment relative to operating revenue slightly decreased [1]

[Company Profile and Key Financial Indicators](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section outlines the company's basic information and key financial performance indicators [Company Overview](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) LanJian Intelligent Technology Co., Ltd. (LanJian Intelligent) is a company listed on the STAR Market of the Shanghai Stock Exchange, stock code 688557, with Wu Yaohua as its legal representative and registered office in Jinan, Shandong Province Basic Company Information | Item | Information | | :--- | :--- | | Chinese Name | LanJian Intelligent Technology Co., Ltd. | | Stock Abbreviation | LanJian Intelligent | | Stock Code | 688557 | | Listing Exchange | Shanghai Stock Exchange STAR Market | | Legal Representative | Wu Yaohua | [Key Accounting Data and Financial Indicators](index=7&type=section&id=%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) During the reporting period, the company achieved operating revenue of **623.12 million yuan**, a 19.54% year-on-year increase, and net profit attributable to shareholders of **41.36 million yuan**, up 11.89%, with operating cash flow turning positive Key Accounting Data | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (yuan) | 623,124,046.02 | 521,257,408.40 | 19.54 | | Net Profit Attributable to Shareholders (yuan) | 41,362,613.74 | 36,965,851.74 | 11.89 | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (yuan) | 29,231,112.30 | 29,628,931.59 | -1.34 | | Net Cash Flow from Operating Activities (yuan) | 1,537,240.92 | -60,180,067.94 | N/A | Key Financial Indicators | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.40 | 0.36 | 11.11% | | Weighted Average Return on Net Assets (%) | 3.49 | 3.35 | Increased by 0.14 percentage points | | R&D Expense to Operating Revenue Ratio (%) | 10.33 | 10.45 | Decreased by 0.12 percentage points | - During the reporting period, the company's non-recurring gains and losses totaled **12.13 million yuan**, primarily from government subsidies (**11.40 million yuan**) and fair value changes in financial assets (**2.21 million yuan**)[23](index=23&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides management's discussion and analysis of the company's operations, industry, and risks [Industry and Main Business](index=9&type=section&id=%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's main business involves the R&D, design, production, sales, and service of intelligent logistics systems centered on intelligent robots, offering comprehensive solutions with diversified revenue models - The company is one of the few domestic leaders in intelligent logistics systems with in-house R&D and production capabilities for both hardware and software, offering various intelligent robots and logistics software centered on a digital twin platform[26](index=26&type=chunk)[28](index=28&type=chunk) - The company's diversified revenue models include: - **Robot Intelligent Logistics System Sales**: Core revenue source - **RaaS Operations Services**: Partnering with large e-commerce companies for warehousing and operational fees - **After-sales Operation and Maintenance Services**: Providing system upgrades, repairs, and replacements - **Technical Consulting and Planning Services**: Offering engineering and management technical consulting[30](index=30&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk) - The Chinese warehousing and logistics automation industry is evolving from integrated automation to intelligent automation, characterized by high technical integration requirements, prominent customization, and extensive application of high-end technologies[40](index=40&type=chunk)[41](index=41&type=chunk) [Discussion and Analysis of Operations](index=13&type=section&id=%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 sustained positive operational momentum, achieving double-digit growth in revenue and net profit, driven by global expansion and increased order intake, while also enhancing shareholder returns Operating Indicators (H1 2025) | Operating Indicators (H1 2025) | Amount | Year-on-year Change | | :--- | :--- | :--- | | Operating Revenue | 623.12 million yuan | 19.54% | | Net Profit Attributable to Parent Company | 41.36 million yuan | 11.89% | | Overseas Revenue | 56.28 million yuan | 164.10% | | New Orders | 1.50 billion yuan | 96% | | Orders on Hand (as of June 30) | 2.06 billion yuan | 56.89% | - The company adheres to technological innovation, with R&D investment reaching **64.37 million yuan**, an 18.21% year-on-year increase, launching several new products such as distributed ultra-low voltage DC roller conveyor systems, stacker cranes for the brewing industry, and 10-ton RGV[51](index=51&type=chunk)[52](index=52&type=chunk)[54](index=54&type=chunk) - The company prioritizes shareholder returns, completing **33.73 million yuan** in cash dividends for 2024 and initiating a share repurchase plan of **10 million to 20 million yuan**[56](index=56&type=chunk) [Analysis of Core Competencies During the Reporting Period](index=15&type=section&id=%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 competencies include comprehensive service capabilities, strong R&D, a full product chain, extensive project experience, a stable core team, and a strong brand with premium client resources, continuously innovating in intelligent logistics systems - The company's core competencies include: - **Comprehensive Service Capability**: Rapid response to customized client needs - **R&D Capability**: Possessing over 50 core technologies and 444 independent intellectual property rights - **Full Product Chain**: Independent R&D and production of core software and hardware for intelligent logistics systems - **Project Experience**: Successful cases in various industries including e-commerce, tobacco, pharmaceuticals, and new energy - **Core Team**: Stable management and technical teams with extensive industry experience - **Brand and Clients**: Extensive client resources from industry leaders[59](index=59&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk)[63](index=63&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk) R&D Investment (H1 2025) | R&D Investment (H1 2025) | Amount | Year-on-year Change | | :--- | :--- | :--- | | Expensed R&D Investment | 64,367,896.74 | 18.21% | | Total R&D Investment to Revenue Ratio | 10.33% | Decreased by 0.12 percentage points | Intellectual Property (as of June 30, 2025) | Intellectual Property (as of June 30, 2025) | New Additions This Period (units) | Accumulated (units) | | :--- | :--- | :--- | | Invention Patents | 2 | 103 | | Utility Model Patents | 24 | 215 | | Design Patents | 19 | 49 | | Software Copyrights | 8 | 77 | | **Total** | **53** | **444** | - Significant R&D achievements during the reporting period include distributed ultra-low voltage DC roller conveyor systems, hybrid pallet conveying systems, American standard shuttle boards, Gecko box robot Agile version, Spider box robot system, new generation cigarette sorting systems, stacker cranes for the brewing industry, and heavy-duty RGVs[79](index=79&type=chunk)[86](index=86&type=chunk)[88](index=88&type=chunk)[89](index=89&type=chunk)[91](index=91&type=chunk)[93](index=93&type=chunk)[95](index=95&type=chunk)[97](index=97&type=chunk) [Risk Factors](index=36&type=section&id=%E9%A3%8E%E9%99%A9%E5%9B%A0%E7%B4%A0) The company faces diverse risks including operational volatility, financial exposure to bad debts and margin shifts, and external challenges from market competition and policy changes - **Operational Risks**: - **Performance Volatility**: Uncertainty in revenue recognition timing for large individual projects may lead to performance fluctuations - **Order Sustainability**: Single clients typically do not repurchase in the short term, posing a risk of non-continuous orders - **Project Cycle**: Long project implementation cycles (typically over 1 year) tie up capital and may increase costs due to delays - **Raw Materials**: Price fluctuations of raw materials like steel may impact costs and delivery - **Management**: Rapid expansion of business scale demands higher project management capabilities[112](index=112&type=chunk)[113](index=113&type=chunk) - **Financial and Market Risks**: - **Gross Margin**: Customized projects and new industry expansion may lead to gross margin fluctuations or declines - **Bad Debts**: Accounts receivable and contract assets may increase bad debt risk with scale expansion - **Intensified Competition**: Influx of domestic and international companies leads to increasingly fierce market competition - **Technology R&D**: If technological direction deviates from market demand, it will adversely affect business development[114](index=114&type=chunk)[115](index=115&type=chunk)[116](index=116&type=chunk) - **Policy and Macroeconomic Risks**: - **Tax Incentives**: Changes in tax preferential policies, such as those for high-tech enterprises, will adversely affect performance - **Macroeconomic Environment**: Slowdown in fixed asset investment in downstream industries will impact the company's operations[114](index=114&type=chunk)[116](index=116&type=chunk) [Main Business Analysis](index=38&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) During the reporting period, the company's financial metrics primarily reflected business growth, with significant increases in operating revenue and costs, higher sales and R&D expenses, improved financial income due to exchange gains, and positive operating cash flow Item Analysis | Item | Current Period (yuan) | Prior Period (yuan) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 623,124,046.02 | 521,257,408.40 | 19.54 | Successful project delivery, achieving scale growth | | Operating Cost | 445,003,458.71 | 368,573,992.62 | 20.74 | Increased with operating revenue growth | | Selling Expenses | 52,485,492.04 | 34,562,788.87 | 51.86 | Increased market promotion, exhibition participation, and sales team building | | R&D Expenses | 64,367,896.74 | 54,454,279.37 | 18.21 | Expanded R&D personnel scale, increased labor costs | | Financial Expenses | -3,177,678.36 | -1,660,509.72 | N/A | Increased exchange gains due to Euro appreciation against RMB | | Net Cash Flow from Operating Activities | 1,537,240.92 | -60,180,067.94 | N/A | Year-on-year increase in sales collection | Balance Sheet Item Analysis | Balance Sheet Item | Current Period End (yuan) | Prior Period End (yuan) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Prepayments | 12,624,138.32 | 4,100,074.62 | 207.90 | Increased prepayments for raw material purchases | | Inventories | 272,931,379.66 | 209,085,267.33 | 30.54 | Increase in projects under implementation | | Other Non-current Assets | 181,822,580.51 | 132,690,534.07 | 37.03 | Increase in quality assurance deposits over one year | | Employee Compensation Payable | 23,792,743.81 | 36,721,329.82 | -35.21 | Year-end bonuses accrued last year were disbursed during the reporting period | [Corporate Governance, Environment, and Social Responsibility](index=43&type=section&id=%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section details the company's corporate governance, environmental, and social responsibilities [Changes in Directors, Supervisors, Senior Management, and Core Technical Personnel](index=43&type=section&id=%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. Zhang Yigong resigned as a non-independent director but remains a core technical personnel, with Mr. Lin Mao elected as a new non-independent director - Non-independent director Zhang Yigong resigned, and Lin Mao was elected as the new non-independent director[130](index=130&type=chunk) [Equity Incentive Plan](index=43&type=section&id=%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92) The company is implementing its 2022 restricted stock incentive plan, with adjustments to grant price and quantity, and completion of the second vesting period for the initial grant post-reporting period - In July 2025, the company adjusted the grant price of its 2022 restricted stock incentive plan to **21.61 yuan per share** and completed the second vesting period for the initial grant to 95 incentive recipients[133](index=133&type=chunk) [Significant Matters](index=45&type=section&id=%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers significant events and commitments impacting the company [Fulfillment of Commitments](index=45&type=section&id=%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company, its actual controller, shareholders, and related parties strictly fulfilled all commitments made during the initial public offering, ensuring timely compliance - All commitments made by the company's controlling shareholder, actual controller, directors, supervisors, senior management, and other related parties, either during or continuing into the reporting period, were strictly fulfilled[136](index=136&type=chunk) [Explanation of Integrity Status](index=59&type=section&id=%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5%E8%AF%B4%E6%98%8E) During the reporting period, the company, its controlling shareholder, and actual controller maintained good credit standing, with no unfulfilled court judgments or significant overdue debts - The company, its controlling shareholder, and actual controller maintain good credit standing with no significant adverse integrity records[185](index=185&type=chunk) [Share Capital Changes and Shareholder Information](index=61&type=section&id=%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in share capital and provides an overview of the company's shareholder structure [Share Capital Changes](index=61&type=section&id=%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital and structure remained unchanged during the reporting period, though post-period, the implementation of the 2022 restricted stock incentive plan's second vesting period led to a slight dilution of net assets per share - The share capital structure remained unchanged during the reporting period; post-period, due to equity incentive vesting, net assets per share were diluted from **11.51 yuan** to **11.46 yuan**[189](index=189&type=chunk)[190](index=190&type=chunk) [Shareholder Information](index=61&type=section&id=%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **5,605** common shareholders, with the top ten shareholders including controlling shareholder Wu Yaohua and Jinan Science and Technology Venture Capital Group Co., Ltd., noting an associated relationship between some major shareholders - As of the end of the reporting period, the company had **5,605** shareholders[191](index=191&type=chunk) Top Five Shareholders | Top Five Shareholders | Shares Held at Period End (shares) | Percentage (%) | | :--- | :--- | :--- | | 吴耀华 | 36,497,874 | 35.71 | | 济南科技创业投资集团有限公司 | 6,251,869 | 6.12 | | 段重行 | 3,430,364 | 3.36 | | 深圳市达晨创通股权投资企业(有限合伙) | 2,884,767 | 2.82 | | 蒋霞 | 1,850,352 | 1.81 | [Financial Report](index=65&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's consolidated financial statements, including balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=65&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 total assets increased by 7.20% to **2.09 billion yuan**, with total liabilities rising by 16.96% to **916 million yuan**, and net assets attributable to shareholders growing by 0.66% to **1.18 billion yuan** Consolidated Balance Sheet | Item | June 30, 2025 (yuan) | December 31, 2024 (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **2,092,392,949.38** | **1,951,840,194.13** | **7.20** | | Total Current Assets | 1,566,282,737.69 | 1,468,800,257.35 | 6.64 | | Total Non-current Assets | 526,110,211.69 | 483,039,936.78 | 8.92 | | **Total Liabilities** | **916,029,937.86** | **783,191,676.41** | **16.96** | | Total Current Liabilities | 882,891,335.94 | 750,352,169.32 | 17.66 | | **Equity Attributable to Parent Company Owners** | **1,176,363,011.52** | **1,168,648,517.72** | **0.66** | [Consolidated Income Statement](index=69&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 grew by 19.54% to **623.12 million yuan**, while total operating costs increased by 22.01%, resulting in a net profit attributable to shareholders of **41.36 million yuan**, up 11.89% Consolidated Income Statement | Item | H1 2025 (yuan) | H1 2024 (yuan) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | **623,124,046.02** | **521,257,408.40** | **19.54** | | Operating Cost | 445,003,458.71 | 368,573,992.62 | 20.74 | | Selling Expenses | 52,485,492.04 | 34,562,788.87 | 51.86 | | Administrative Expenses | 27,791,524.97 | 24,566,564.24 | 13.13 | | R&D Expenses | 64,367,896.74 | 54,454,279.37 | 18.21 | | **Total Profit** | **39,581,061.00** | **34,997,826.44** | **13.10** | | **Net Profit Attributable to Parent Company Shareholders** | **41,362,613.74** | **36,965,851.74** | **11.89** | [Consolidated Cash Flow Statement](index=73&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 significantly improved to **1.54 million yuan** from a negative prior period, while investment cash flow decreased due to reduced wealth management product purchases, and financing cash flow was negative due to dividend payouts Consolidated Cash Flow Statement | Item | H1 2025 (yuan) | H1 2024 (yuan) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | **1,537,240.92** | **-60,180,067.94** | | Cash Received from Sales of Goods and Services | 508,751,591.18 | 353,539,736.50 | | Cash Paid for Goods and Services | 312,525,596.21 | 252,703,037.74 | | **Net Cash Flow from Investing Activities** | **24,956,399.31** | **84,421,261.89** | | **Net Cash Flow from Financing Activities** | **-23,333,653.74** | **-10,951,265.32** | | **Cash and Cash Equivalents at Period End** | **194,481,532.98** | **155,479,934.79** |