北京煜邦电力技术股份有限公司2025 年半年度报告 公司代码：688597 公司简称：煜邦电力 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 2025 年半年度报告 1 / 228 北京煜邦电力技术股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、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，并已在本报告中详细阐 述在公司生产经营过程中可能面临的风险，敬请查阅本报告第三节"管理层讨论与分析"之"四、 风险因素"部分内容。 三、 公司全体董事出席董事会会议。 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 本报告中所涉及的未来计划、发展战略等前瞻性陈述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 九、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 ...

Group 1 - The core point of the news is that Yubang Power (688597) has seen a net financing increase of 39.56 million yuan on August 1, 2025, with a total financing balance of 7066.73 million yuan, marking a continuous net buying trend over the past three trading days totaling 440.85 million yuan [1][2][3] Group 2 - On August 1, 2025, the net financing buy was 39.56 million yuan, with a financing balance of 7066.73 million yuan, representing 2.65% of the circulating market value [2] - The financing balance increased by 0.56% compared to the previous day, indicating a positive trend in investor sentiment [3] - Over the past three trading days, the financing balance has shown a consistent upward movement, with the highest net buy recorded on July 29 at 250.91 million yuan [2][3]

Group 1 - The company announced the results of the "Yubang Convertible Bond" repurchase, indicating that there were no valid repurchase applications during the designated period [2][4] - The repurchase period was from July 21, 2025, to July 25, 2025, with a repurchase price of 100.00 RMB per bond, including the current interest [3][4] - The company confirmed that no investors submitted repurchase applications, resulting in a total repurchase amount of 0 RMB, and no further actions regarding payment to investors are required [2][4][5] Group 2 - The repurchase of the "Yubang Convertible Bond" will not have a significant impact on the company's cash flow, asset status, or share capital [5] - Unredeemed "Yubang Convertible Bonds" will continue to be traded on the Shanghai Stock Exchange as per relevant regulations [6]

证券代码：688597 证券简称：煜邦电力 公告编号：2025-052 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 关于"煜邦转债"回售结果的公告 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、本次可转债回售的公告情况 2025 年 7 月 14 日，北京煜邦电力技术股份有限公司（以下简称"公司"） 披露了《关于"煜邦转债"可选择回售的公告》（公告编号：2025-046），并于 2025 年 7 月 15 日、2025 年 7 月 22 日、2025 年 7 月 25 日分别披露了《关于"煜 邦转债"可选择回售的第一次提示性公告》（公告编号：2025-048）、关于"煜邦 转债"可选择回售的第二次提示性公告》（公告编号：2025-049）、关于"煜邦转 债"可选择回售的第三次提示性公告》（公告编号：2025-050）。 "煜邦转债"的转债代码为"118039"，转债回售价格为 100.00 元人民币/ 张（含当期利息）。"煜邦转债"的回售申报期为 2025 年 7 月 21 ...

Group 1 - The core viewpoint of the articles indicates that Yubang Electric (688597) is experiencing a significant decline in expected net profit for the first half of 2025, with projections ranging from 21.2 million to 25 million yuan, representing a year-on-year decrease of 35.47% to 45.28% [1][3] - The decline in profit is attributed to delays in the delivery of smart power products, leading to reduced operating income, and a decrease in gross margin due to lower bidding prices for products [1][3] - Despite growth in the energy storage business, some projects are showing low gross margins and losses, further impacting overall profitability [1] Group 2 - On July 25, 2025, Yubang Electric's stock closed at 8.05 yuan, down 2.42%, with a turnover rate of 3.29% and a trading volume of 110,600 shares, amounting to a total transaction value of 88.9172 million yuan [1] - The capital flow on July 25 showed a net outflow of 7.1557 million yuan from main funds, accounting for 8.05% of the total transaction value, while retail investors had a net inflow of 9.7411 million yuan, representing 10.96% of the total transaction value [1][3] - The "Yubang Convertible Bonds" have a buyback price of 100.00 yuan per bond (including interest), with the buyback period from July 21 to July 25, 2025, and the company has indicated that the current market price exceeds the buyback price, suggesting potential losses for those opting for the buyback [2][3]

Core Viewpoint - Yubang Electric (688597) is experiencing a decline in expected net profit for the first half of 2025, primarily due to slower delivery of smart power products and a decrease in bidding prices affecting gross margins [1][3]. Performance Disclosure Highlights - Yubang Electric forecasts a net profit of 21.2 million to 25 million yuan for the first half of 2025, representing a year-on-year decrease of 35.47% to 45.28% - The non-recurring net profit is expected to be between 14.2 million and 16.8 million yuan, reflecting a year-on-year decline of 53.61% to 60.79% - The decline in performance is attributed to the slower-than-expected delivery of smart power products and a drop in bidding prices leading to reduced gross margins - Although the energy storage business shows revenue growth, some projects are operating at a loss due to low gross margins [1][3]. Company Announcements Summary - Yubang Electric announced a buyback period for "Yubang Convertible Bonds" from July 21 to July 25, 2025, with a buyback price of 100.00 yuan per bond (including current interest) - During the buyback period, the "Yubang Convertible Bonds" will stop converting into shares, and the buyback is not mandatory - The company held its third extraordinary general meeting of shareholders in 2025 and the first bondholders' meeting for "Yubang Convertible Bonds," where it approved the termination of certain fundraising project sub-items, project delays, and changes to the implementation entities and locations, triggering additional buyback clauses for the bonds [1].

Group 1 - Leshan Electric achieved operating revenue of 1.623 billion yuan, a year-on-year increase of 1.94%, and a net profit of 7.9031 million yuan, a year-on-year decrease of 14.55% [1] - Zhimingda reported operating revenue of 295 million yuan, a year-on-year increase of 84.83%, and a net profit of 38.3 million yuan, a year-on-year increase of 2147.93% [2] - Dahu Co. reported operating revenue of 426 million yuan, a year-on-year decrease of 14.40%, and a net loss of 2.5716 million yuan, an improvement from a loss of 13.7824 million yuan in the same period last year [3] - Yubang Electric expects a net profit of 21.2 million to 25 million yuan, a year-on-year decrease of 35.47% to 45.28% [4] - Zhejiang Securities achieved operating revenue of 6.512 billion yuan, a year-on-year decrease of 18.60%, and a net profit of 1.149 billion yuan, a year-on-year increase of 46.54% [5] - Huashu Media reported operating revenue of 4.435 billion yuan, a year-on-year increase of 2.07%, and a net profit of 254 million yuan, a year-on-year increase of 4.63% [7] Group 2 - Sinopec reported oil and gas equivalent production of 262.81 million barrels, a year-on-year increase of 2%, and crude oil processing volume of 119.97 million tons, a year-on-year decrease of 5.3% [8] - Hengrui Medicine's subsidiary received approval for clinical trials of HRS8179, aimed at reducing brain edema after stroke [8] - Hengrui Medicine's subsidiary also received approval for clinical trials of HRS-1893, intended for treating heart failure with preserved ejection fraction [8] - Wanfu Co. announced a plan to reduce its stake by up to 2% through block trading [10] - Biological Co. received a warning letter from the Inner Mongolia Securities Regulatory Bureau for inaccuracies in financial reporting [11] - Zhujiang Co. reported a signed construction area of 47.1432 million square meters across 396 projects [13] Group 3 - Watson Bio received a patent for a peptide delivery system for RNA drugs [15] - Sanwei Chemical signed 31 new contracts worth 335 million yuan in the second quarter [17] - Shenzhou Cell's SCT640C injection received approval for clinical trials for rheumatoid arthritis [18] - Xinjiang Jiaojian reported new contracts worth 1.434 billion yuan in the second quarter [19] - Lais Information plans to use 550 million yuan of idle funds for cash management [21] - Zhongqi New Materials signed a mining rights transfer contract, increasing production capacity [22] Group 4 - Hengtong Optic-Electric won multiple marine energy projects worth 1.509 billion yuan [24] - China State Construction signed new contracts totaling 2.501 trillion yuan in the first half of the year [26] - David Medical's ventilator product registration application has been accepted [28] - Tianhai Defense's subsidiary signed a construction contract worth 16.224 million yuan [29] - Nantian Information plans to sign a procurement framework contract worth 58.27 million yuan with its controlling shareholder [31] - Baida Group announced a plan to reduce its stake by up to 3% [32] Group 5 - Jinli Permanent Magnet plans to issue $117.5 million in convertible bonds [34] - Haizheng Pharmaceutical's fumarate bedaquiline raw material drug application has been approved [36] - Huatai passed the advanced intelligent factory re-evaluation in Anhui Province [37] - Everbright Bank's shareholder increased its stake from 7.08% to 8% [40] - Supor reported total operating revenue of 11.478 billion yuan, a year-on-year increase of 4.68%, and a net profit of 940 million yuan, a year-on-year decrease of 0.07% [41] - Qianjin Pharmaceutical's subsidiaries received registration certificates for two drugs [42]

证券代码：688597 证券简称：煜邦电力 公告编号：2025-050 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 关于"煜邦转债"可选择回售的第三次提示性公告 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： 北京煜邦电力技术股份有限公司（以下简称"公司"）于 2025 年 7 月 11 日 召开 2025 年第三次临时股东大会、"煜邦转债"2025 年第一次债券持有人会议， 分别审议通过了《关于终止实施募投项目部分子项目、募投项目延期及增加实施 主体与实施地点的议案》，根据《北京煜邦电力技术股份有限公司向不特定对象 发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）的约定，"煜邦 转债"附加回售条款生效。 现依据《上市公司证券发行注册管理办法》《可转换公司债券管理办法》《上 海证券交易所科创板股票上市规则》和《募集说明书》，就回售有关事项向全体 "煜邦转债"持有人公告如下： 回售价格：100.00 元人民币/张（含当期利息） 回售期：2025 年 7 月 21 日至 ...

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a significant decline in its 2025 first-half performance, with net profit attributable to shareholders expected to decrease by 35.47% to 45.28% year-on-year, and non-recurring net profit by 53.61% to 60.79% - The performance forecast covers the period from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) - This performance forecast has not been audited by a certified public accountant[5](index=5&type=chunk) Key Financial Indicators Comparison | Indicator | 2025 H1 Forecast | 2024 H1 | YoY Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Parent** | CNY 21.20 Million to CNY 25.00 Million | CNY 38.7418 Million | ↓ 35.47% to 45.28% | | **Non-recurring Net Profit Attributable to Parent** | CNY 14.20 Million to CNY 16.80 Million | CNY 36.2114 Million | ↓ 53.61% to 60.79% | [Review of Prior Period Performance](index=1&type=section&id=II.%20Review%20of%20Prior%20Period%20Performance) The company disclosed key financial data for the first half of 2024 as a comparative basis, with net profit attributable to owners of the parent company at **CNY 38.7418 million** and earnings per share at **CNY 0.17** 2024 H1 Key Financial Performance | Indicator | 2024 H1 Performance | | :--- | :--- | | Total Profit | CNY 37.7876 Million | | Net Profit Attributable to Parent | CNY 38.7418 Million | | Non-recurring Net Profit Attributable to Parent | CNY 36.2114 Million | | Earnings Per Share | CNY 0.17 | [Analysis of Performance Change Reasons](index=1&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Performance%20Change) The performance decline primarily stems from two business segments: the core smart power products business experienced reduced revenue and gross margin due to slower customer delivery and lower bidding prices, while the emerging energy storage business, despite significant revenue growth, remains unprofitable due to low project gross margins - Smart Power Products Business: Despite approximately **CNY 404 million** in orders on hand at the end of 2024, revenue decreased year-on-year in the first half of 2025 due to slower customer delivery pace and lower-than-expected product delivery[7](index=7&type=chunk) - Smart Power Products Business: Products with recognized revenue in the first half primarily originated from 2024 State Grid tenders, where prices were lower than before, leading to a year-on-year decrease in the gross margin for this business segment[7](index=7&type=chunk) - Energy Storage Business: Yubang Zhiyuan, a controlled subsidiary, saw significant year-on-year revenue growth in the reporting period after commencing production in August 2024, but incurred losses due to the low gross margins of some delivered projects[7](index=7&type=chunk) - Company Strategy: The company will continue to drive innovation through technology research and development, closely follow the development trends of new power systems, expand market presence, and enhance operational efficiency[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes that this performance forecast is a preliminary calculation by the finance department and has not been audited, thus the final data may be subject to uncertainty - This performance forecast represents a preliminary calculation by the company's finance department based on its professional judgment and has not yet been audited by a certified public accountant[8](index=8&type=chunk) - As of the announcement date, the company has not identified any significant uncertainties that would affect the accuracy of this performance forecast[8](index=8&type=chunk) [Other Explanations](index=2&type=section&id=V.%20Other%20Explanations) The company reminds investors that accurate financial data will be based on the officially disclosed 2025 semi-annual report, and advises caution regarding investment risks - The forecast data is preliminary; the specific and accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk) - Investors are kindly advised to exercise caution regarding investment risks[9](index=9&type=chunk)

Core Insights - Yubang Power expects a significant decline in net profit for the first half of 2025, projecting a decrease of 35.47% to 45.28% compared to the same period last year [1] Financial Performance - The company anticipates that the net profit attributable to the owners of the parent company will be between 21.2 million to 25 million yuan, representing a reduction of 13.74 million to 17.54 million yuan year-on-year [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 14.2 million to 16.8 million yuan, indicating a year-on-year decrease of 53.61% to 60.79% [1]