Core Viewpoint - Yubang Electric (688597) reported mixed financial results for the first half of 2025, with a slight increase in total revenue but a significant decline in net profit compared to the previous year [1]. Financial Performance - Total revenue for the first half of 2025 reached 354 million yuan, a year-on-year increase of 0.35% [1]. - Net profit attributable to shareholders was 24.05 million yuan, down 37.91% year-on-year [1]. - In Q2 2025, total revenue was 217 million yuan, a decrease of 15.77% year-on-year, while net profit dropped 59.96% to 18.68 million yuan [1]. - Gross margin was 32.14%, down 17.8% year-on-year, and net margin was 6.11%, down 42.92% [1]. - The company's accounts receivable accounted for 303.79% of the latest annual net profit, indicating a high level of receivables relative to profit [1]. Key Financial Metrics - Earnings per share (EPS) decreased to 0.11 yuan, down 35.29% year-on-year [1]. - Cash flow from operations was -0.07 yuan per share, a decline of 41.01% [1]. - The company's total liabilities increased by 10.82% to 403 million yuan [1]. - The ratio of selling, administrative, and financial expenses to revenue was 18.16%, a slight increase of 0.05% [1]. Changes in Financial Items - Cash and cash equivalents decreased by 52.88% to 202 million yuan due to increased investments in financial products [1][2]. - Accounts receivable increased by 16.42% to 338 million yuan, driven by growth in the energy storage business [1][4]. - The company experienced a significant reduction in notes receivable by 86.87% due to decreased use of acceptance bills for settlement [3]. - Contract liabilities decreased by 58.69% as previously received payments were recognized as revenue [11]. Operational Insights - The revenue from smart power products declined by 41.19 million yuan, while the energy storage business grew by 39.58 million yuan [11]. - Operating costs increased by 11.81%, primarily due to rising costs in the energy storage segment [12]. - Sales expenses rose by 7.09% as the company expanded its market efforts and increased its sales personnel [13]. Investment and Debt - The company’s return on invested capital (ROIC) was 9.05%, indicating average capital returns [17]. - The debt ratio for interest-bearing liabilities reached 22.37%, suggesting a need for monitoring the company's debt levels [19].

Group 1 - Yubang Power (688597.SH) released its 2025 semi-annual report on August 23, 2025, indicating that as of August 22, 2025, 10 institutional investors disclosed holding a total of 151 million shares, accounting for 45.04% of the total share capital [1] - The top ten institutional investors include Beijing Gaojing Hongtai Investment Co., Ltd., Hongta Innovation Investment Co., Ltd., and others, with their combined holding ratio decreasing by 0.32 percentage points compared to the previous quarter [1] - One public fund, Huaxia Xingxia Value One-Year Holding Mixed Fund A, increased its holdings slightly, while three public funds, including Huaxia Value Selection Mixed Fund, were not disclosed in the current period [1] Group 2 - From the pension fund perspective, one pension fund, the Basic Pension Insurance Fund 1003 Combination, increased its holdings by 0.4% compared to the previous period [2] - In the insurance capital direction, China Pacific Life Insurance Co., Ltd. - Dividend - Personal Dividend also increased its holdings by 0.4% [2]

Group 1 - The company reported a revenue of 353,778,242.49 yuan for the first half of 2025, representing a year-on-year increase of 0.35% [2] - The net profit attributable to shareholders of the listed company was 24,054,257.40 yuan, showing a year-on-year decrease of 37.91% [2]

此外，煜邦电力披露，截至报告期末，公司在手订单额约8.51亿元，为后续业绩发展提供有力支撑。 对于上半年的业绩表现，煜邦电力公告称，公司智能电力产品业务为公司第一大收入占比的业务，合同 主要来自国家电网和南方电网的集中招标，公司根据客户需求与收货节奏安排产品生产、交付。2025年 上半年，受客户对产品交付的节奏放缓等影响，尽管2024年末公司持有智能电力产品在手订单约40， 353万元，但产品交付进度不及预期，导致智能电力产品相关营业收入较上年同期减少。同时，2025年 上半年智能电力产品确认的营业收入主要为2024年国家电网招标采购产品，产品招标价格较之前有一定 程度的下降，导致该业务毛利率较去年同期有所下降。 本报讯 （记者贺王娟）8月22日晚间，北京煜邦电力技术股份有限公司（以下简称"煜邦电力"）发布 2025年半年度报告，2025年上半年，公司实现营业收入3.54亿元，较去年同期稳中有升，2025年半年度 实现归属于母公司所有者的净利润2405.43万元，归属于母公司所有者扣除非经常性损益后的净利润 1614.56万元。 在海外业务拓展进展方面，公司披露，2025年上半年，公司积极布局海外业务，拓展海 ...

格隆汇8月22日丨煜邦电力(688597.SH)公布半年度报告，2025年上半年，公司实现营业收入35,377.82万 元，较去年同期稳中有升，2025年半年度实现归属于母公司所有者的净利润2,405.43万元，同比下降 37.91%，归属于母公司所有者扣除非经常性损益后的净利润1,614.56万元。截至报告期末，公司在手订 单额约8.51亿元，为后续业绩发展提供有力支撑。 ...

Core Points - The report indicates that Beijing Yupont Electric Technology Co., Ltd. has experienced a slight decrease in total assets by 2.07% compared to the previous year, amounting to approximately 1.80 billion yuan [1] - The company's net profit attributable to shareholders has decreased significantly by 37.91%, from approximately 38.74 million yuan to 24.05 million yuan [1] - The operating income has shown a marginal increase of 0.35%, rising from approximately 352.54 million yuan to 353.78 million yuan [1] Financial Summary - Total assets at the end of the reporting period were approximately 1,800,795,461.75 yuan, down from 1,838,930,436.76 yuan at the end of the previous year [1] - The net assets attributable to shareholders increased slightly by 0.15%, reaching approximately 865,948,002.44 yuan [1] - The total profit for the reporting period was approximately 24.19 million yuan, a decrease of 35.99% from the previous year's 37.79 million yuan [1] - The net cash flow from operating activities was negative at approximately -24.34 million yuan, compared to -12.69 million yuan in the previous year [1] - The weighted average return on net assets decreased by 1.51 percentage points to 2.76% [1] - Basic and diluted earnings per share decreased by 35.29% to 0.11 yuan per share [1] - Research and development expenses accounted for 8.78% of operating income, a decrease of 0.49 percentage points from the previous year [1]

证券代码:688597 证券简称:煜邦电力 公告编号:2025-053 债券代码:118039 债券简称:煜邦转债 北京煜邦电力技术股份有限公司 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。 一、董事会会议召开情况 北京煜邦电力技术股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日 在公司会议室以现场结合通讯的方式召开了第四届董事会第九次会议，会议通知 已于 2025 年 8 月 12 日以通讯方式送达全体董事，与会的各位董事已知悉与所议 事项相关的必要信息。本次董事会会议应出席董事 9 人，实际出席董事 9 人，会 议由董事长周德勤先生主持。会议的召开符合有关法律、法规、规章和《北京煜 邦电力技术股份有限公司章程》的规定，会议决议合法、有效。 二、董事会议案审议情况 与会董事认真审议本次会议议案并以投票表决方式审议通过了以下议案： 经董事会审议，公司《2025 年半年度报告》及其摘要内容真实、准确、完 整，无虚假记载、误导性陈述或者重大遗漏；半年度报告及其摘要的编制、审议 程序、内容和格式符合相关法律法规 ...

证券代码：688597 证券简称：煜邦电力 公告编号：2025-054 债券代码：118039 债券简称：煜邦转债 北京煜邦电力技术股份有限公司 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。 北京煜邦电力技术股份有限公司（以下简称"公司"）于 2025 年 8 月 22 日 在公司会议室以现场结合通讯的方式召开了第四届监事会第八次会议，会议通知 已于 2025 年 8 月 12 日以通讯方式送达全体监事，与会的各位监事已知悉与所议 事项相关的必要信息。本次监事会会议应出席监事 3 人，实际出席监事 3 人，会 议由监事会主席陈默女士召集并主持。会议符合《中华人民共和国公司法》和《北 京煜邦电力技术股份有限公司章程》及有关法律法规要求。会议审议并通过了如 下议案： 监事会认为，公司 2025 年半年度报告及其摘要内容真实、准确、完整，无 虚假记载、误导性陈述或者重大遗漏；半年度报告及其摘要的编制、审议程序、 内容和格式符合相关法律法规及公司章程等规章制度的规定，公允地反映了公司 现公司参与半年度报告编制和审议的人员有违反保 ...

二、为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东代 理人）的合法权益，除出席会议的股东（或股东代理人）、公司董事、监事、 高级管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他人员 进入会场。 会 议 资 料 目 录 会 议 须 知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保 证大会的顺利进行，根据《中华人民共和国公司法》《北京煜邦电力技术股份 有限公司章程》《北京煜邦电力技术股份有限公司股东大会议事规则》及中国 证券监督管理委员会、上海证券交易所的有关规定，特制定本须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工 作人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 证券代码：688597 证券简称：煜邦电力 转债代码：118039 转债简称：煜邦转债 三、出席会议的股东（或股东代理人）须在会议召开前 30 分钟到会议现场 办理签到手续，并请按规定出示证券账户卡（如有）、身份证或法人单位证明、 授权委托书等，经验证后领取会议资料，方可出席会议。会议开始后，由会议 主持人宣布现场出席会议的股东和股东代理人人数及所持有表决权的股 ...

Meeting Overview - The company will hold its fourth extraordinary general meeting on September 8, 2025, at 15:00 in Beijing [1] - The meeting will utilize a combination of on-site and online voting methods [1][3] - The online voting will be conducted through the Shanghai Stock Exchange's system, available from 9:15 to 15:00 on the same day [1][4] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's network voting system or the internet voting platform [2][4] - The company will provide a reminder service for small and medium investors to ensure participation [4] - Duplicate votes through different methods will be counted based on the first submission [4] Attendance and Registration - Only shareholders registered by the close of business on September 1, 2025, are eligible to attend [5] - Registration for the meeting must be completed by September 5, 2025, with specific documentation required [5][6] - The meeting will last half a day, with attendees responsible for their own travel and accommodation costs [7] Contact Information - The company has provided contact details for inquiries related to the meeting [8]