Core Viewpoint - The company has reported a significant increase in revenue and cash flow despite challenges in the global new energy sector, driven by strategic adjustments and overseas market expansion [1][2][4]. Financial Performance - In the first half of 2025, the company achieved total revenue of 1.664 billion yuan, with a net cash flow from operating activities of 248 million yuan, marking a year-on-year increase of approximately 136% [1][2]. - The company’s new orders amounted to approximately 4.421 billion yuan, a year-on-year growth of about 117.5%, with total orders on hand reaching approximately 10.085 billion yuan, up 46% year-on-year [3]. Market Expansion - The company has seen a remarkable increase in overseas orders, which reached 1.888 billion yuan, a year-on-year growth of 192.5%, marking a record high for overseas orders since its establishment [4]. - The company has established eight subsidiaries in key global markets, enhancing its operational capabilities and competitiveness [4]. Industry Trends - The global power battery installation volume reached 504.4 GWh in the first half of 2025, reflecting a year-on-year increase of 37.3%, with domestic battery companies holding a 68.9% share of the global market [2]. - The Chinese lithium battery equipment market is projected to rebound to 85 billion yuan by 2027, with a compound annual growth rate exceeding 20% from 2025 to 2027 [2]. Technological Development - The company is pursuing a dual technology route in solid-state battery manufacturing, focusing on both "oxide + lithium metal anode" and "sulfide + silicon-carbon anode" technologies [5]. - The company has begun commercializing its solid-state battery technology, with expectations of significant market growth, as global solid-state battery shipments are projected to exceed 10 GWh in 2025 and 600 GWh by 2030 [5]. Strategic Outlook - The company’s strategic focus on overseas market expansion and solid-state battery technology positions it well for future growth, with improved cash flow and financial structure supporting sustainable development [6].

Meeting Overview - The third meeting of the board of directors of Haimuxing Laser Technology Group Co., Ltd. was held on August 27, 2025, with all 9 directors present, meeting legal requirements for decision-making [1] Resolutions Passed - The board approved the 2025 semi-annual report and its summary, with a unanimous vote of 9 in favor [2] - The board approved the special report on the storage and actual use of raised funds for the first half of 2025, also with a unanimous vote of 9 in favor [2] - The board approved the use of up to RMB 150 million of temporarily idle raised funds for cash management, with a maximum investment period of 12 months in low-risk financial products, receiving unanimous approval [2][3] - The board approved the semi-annual evaluation report of the "Quality Improvement and Efficiency Enhancement" action plan for 2025, with a unanimous vote of 9 in favor [3] - The board approved financial assistance to the subsidiary Xingneng Maoye (Guangdong) Photovoltaic Technology Co., Ltd., ensuring it aligns with the company's strategic goals and does not adversely affect the company's financial status, with a vote of 7 in favor and 2 abstentions [3][4] - The board approved a share repurchase plan through centralized bidding on the Shanghai Stock Exchange, with a maximum repurchase price of RMB 46.70 per share and a total repurchase amount between RMB 18 million and RMB 36 million, receiving unanimous approval [5]

Meeting Overview - The third supervisory board meeting of Haimuxing Laser Technology Group Co., Ltd. was held on August 27, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1]. Resolutions Passed - The supervisory board approved the "2025 Half-Year Report" and its summary with a unanimous vote of 3 in favor [2]. - The board also approved the "Special Report on the Storage and Actual Use of Raised Funds for the First Half of 2025," again with a unanimous vote of 3 in favor [2]. - The board agreed to use up to RMB 150 million of idle raised funds for cash management, investing in low-risk financial products with a maximum investment period of 12 months, ensuring no harm to the company or minority shareholders [3]. - The board approved a financial assistance and related party transaction to the subsidiary Xingneng Maoye (Guangdong) Photovoltaic Technology Co., Ltd., confirming compliance with relevant regulations and no adverse impact on the company's operations [3].

Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total amount ranging from RMB 18 million to RMB 36 million, aimed at employee stock ownership plans or equity incentives [1][4][11]. Summary by Sections Repurchase Plan Overview - The repurchase amount is set between RMB 18 million and RMB 36 million [1][4]. - The funding sources for the repurchase will be the company's own funds and/or self-raised funds [1][7]. - The maximum repurchase price is capped at RMB 46.70 per share, which is 150% of the average trading price over the previous 30 trading days [1][7]. - The repurchase will be conducted via the Shanghai Stock Exchange trading system [1][5]. - The duration for the repurchase is 12 months from the board's approval date [1][3]. Purpose and Justification - The repurchase aims to enhance shareholder value, boost investor confidence, and align the interests of shareholders, the company, and employees [4][8][11]. - The shares repurchased will be used for employee stock ownership plans or equity incentives [4][5]. Implementation Details - The board approved the repurchase plan on August 27, 2025, with unanimous support [3]. - The repurchase will not affect the company's debt repayment ability or ongoing operations [8][12]. - If the repurchased shares are not utilized within three years, they will be canceled [5][12]. Shareholder Communication - As of the announcement date, there are no clear plans for share reduction from major shareholders, including directors and executives, in the next three to six months [1][10][11]. - The proposal was initiated by the company's actual controller and chairman, Zhao Shengyu, who expressed confidence in the company's future [11][12].

Core Viewpoint - The report details the fundraising activities and the actual usage of funds by Haimuxing Laser Technology Group Co., Ltd. for the first half of 2025, ensuring compliance with regulatory requirements and transparency in fund management. Fundraising Overview - In 2020, the company raised a total of RMB 728 million by issuing 50 million shares at RMB 14.56 per share, with a net amount of RMB 649.09 million after deducting fees [1]. - In 2024, the company raised RMB 1,019.6 million by issuing 40 million shares at RMB 25.49 per share, resulting in a net amount of RMB 1,010.52 million after fees [2]. Fund Management - The company has established a fundraising management system in accordance with relevant laws and regulations to enhance fund usage efficiency and protect investor rights [4]. - The company signed tripartite and quadripartite agreements with various banks to ensure proper management and supervision of the raised funds [5]. Fund Usage - As of June 30, 2025, the company had a total of RMB 588.59 million in unspent funds, with actual project investments amounting to RMB 656.54 million [2][6]. - The company approved the use of RMB 30 million of idle funds for temporary working capital, which has since been fully repaid [7][11]. - The company also engaged in cash management with idle funds, achieving good investment returns [12]. Project Status - The company has completed the "Haimuxing Laser Intelligent Manufacturing Center Project" and has decided to conclude it, while extending the timeline for the "Western Laser Intelligent Equipment Manufacturing Base Project (Phase I)" to May 2026 [8][14]. - The company has not experienced any significant changes in the feasibility of its fundraising projects during the reporting period [8]. Financial Summary - The total amount of funds raised in 2020 was RMB 649.09 million, with a cumulative investment of RMB 656.54 million by the end of the reporting period [2][10]. - The company reported a difference of RMB 367.31 million in the usage of funds, primarily due to self-funded expenses related to the issuance [3].

Group 1 - The company, Hymson Laser Technology Group Co., Ltd., will hold a half-year performance briefing on September 16, 2025, from 16:00 to 17:00 [1][2] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [2][3] - Key personnel attending the meeting include the Chairman and General Manager, Mr. Zhao Shengyu, and other executives [2] Group 2 - Investors can submit questions for the briefing from September 9 to September 15, 2025, through the Roadshow Center website or via the company's email [3] - After the briefing, investors can access the meeting's main content and outcomes on the Roadshow Center [3]

证券代码：688559 证券简称：海目星 公告编号：2025-041 海目星激光科技集团股份有限公司 关于董事离任暨选举职工代表董事的公告 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： 海目星激光科技集团股份有限公司（以下简称"公司"）董事会于近日收到 非独立董事陆明先生的辞职申请，陆明先生因内部工作调整原因向公司申请辞去 第三届董事会非独立董事职务，根据《中华人民共和国公司法》和《公司章程》 的有关规定，其辞职报告自其书面辞职报告正式送达公司董事会之日起生效。 司第三届董事会职工代表董事，任期自本次职工代表大会审议通过之日起至公司 第三届董事会任期届满之日止。 一、董事离任情况 是否存在 是否继续在上 原定任期 未履行完 姓名 离任职务 离任时间 离任原因 市公司及其控 具体职务 到期日 毕的公开 股子公司任职 特此公告。 海目星激光科技集团股份有限公司 董事会 二零二五年八月二十八日 陆明先生辞职不会导致公司董事会成员低于法定人数，不会影响公司董事会 的正常运行，亦不会对公司的日常生产经营产生不利影响。 ...

Summary of Key Points Core Viewpoint - The company, HaiMuxing Laser Technology Group Co., Ltd., has announced a provision for impairment losses amounting to 43,395.16 million yuan for the first half of 2025, reflecting a cautious approach to accurately represent its financial status and operational results [1][2]. Group 1: Impairment Provision Overview - The company has assessed and analyzed its assets that may require impairment provisions in accordance with relevant laws and regulations, resulting in a total impairment provision of 43,395.16 million yuan for the first half of 2025 [1]. - The breakdown of the impairment provision includes 4,297.96 million yuan for credit impairment losses and 39,097.20 million yuan for asset impairment losses [1][2]. Group 2: Credit Impairment Losses - The company conducted impairment testing based on expected credit losses and individual identification methods for accounts receivable, other receivables, and notes receivable, leading to a credit impairment loss of 4,297.96 million yuan for the first half of 2025 [1][2]. Group 3: Asset Impairment Losses - The company evaluated long-term assets, including equity investments, fixed assets, construction in progress, and intangible assets, for impairment signs, resulting in a total asset impairment loss of 39,097.20 million yuan [2]. - The company also assessed inventory and contract assets for impairment, confirming the necessity of the provisions [2]. Group 4: Impact on Financial Results - The total impairment losses will reduce the company's profit before tax by 43,395.16 million yuan for the first half of 2025, aligning with the principles of prudence and reasonableness [2]. - The provision is consistent with the company's accounting policies and does not adversely affect the company's operations or shareholder interests [2]. Group 5: Audit Committee's Approval - The company's audit committee has unanimously agreed that the impairment provisions are reasonable and comply with accounting standards, ensuring that the financial statements reflect a true and fair view of the company's financial condition [2].

证券代码：688559 股票简称：海目星 公告编号：2025-040 海目星激光科技集团股份有限公司 关于向控股子公司提供财务资助暨关联交易的公告 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: ● 财务资助对象：海目星激光科技集团股份有限公司（以下简称"公司" 或"海目星"）的控股子公司星能懋业（广东）光伏科技有限公司(以下简称"星 能懋业") ● 财务资助金额及期限：拟向其提供不超过人民币 8,000 万元的财务资助； 自董事会审议通过之日起 36 个月内有效（该期限内借款额度可循环滚动使用） ● 资金使用费：以资金实际使用时间，按借款协议签订时不低于全国银行 间同业拆借中心发布的一年期贷款市场报价利率（LPR）以及不低于公司同期实 际银行借款利率的利率计算，具体以实际借款合同为准 ● 本次交易将构成向与关联人共同投资的公司提供大于其股权比例或投资 比例的财务资助的关联交易，但未达到《上市公司重大资产重组管理办法》规定 的重大资产重组标准，不构成重大资产重组 ● 截至本次关联交易为止，过去 12 个月内 ...

公司深度参与新一代锂电池技术固态电池设备的开发，实现"双线突围"，成为业 内首家同时布局"氧化物+锂金属负极"和"硫化物+硅碳负极"两条技术路线的企业。 在继续深化与某固态电池头部企业合作的同时，还实现了向某全球领先的新能源科技企 业提供硫化物固态电池中试线前中段包括正负极涂布、硫化物电解质涂布、正负极辊压、 电解质和极片复合和叠片等关键设备的出货。 海目星激光科技集团股份有限公司 海目星激光科技集团股份有限公司（以下简称"公司"或"海目星"）为践行"以 投资者为本"的上市公司发展理念，维护公司全体股东利益，促进公司持续、健康发展， 基于对未来发展前景的信心和价值的认可，公司于2025年4月30日披露了2025年度"提 质增效重回报"行动方案。 将2025年"提质增效重回报"行动方案的半年度评估情况报告如下： 一、提升经营质量，加快发展新质生产力 海目星主要从事高端非标智能装备的研发设计、生产和销售，致力于成为全球领先 的激光及自动化技术创新企业。自成立以来，公司始终坚持以激光技术及自动化应用的 前沿需求为导向，先后开发了应用于锂电、消费电子、光伏等领域的激光创新技术和相 关设备，为上述领域龙头客户提供智能制 ...