Core Viewpoint - Shenzhen Kesi Technology Co., Ltd. has signed a sales framework contract with Beijing Tianyuan Innovation Technology Co., Ltd., with a maximum procurement amount of RMB 401,180,000 (including tax), which is expected to have a significant positive impact on the company's operating performance if successfully executed [2][3][13]. Contract Details - Contract Type: Sales framework contract [2] - Contract Amount: The maximum procurement amount is RMB 401,180,000 (including tax), with actual sales amounts to be determined by subsequent specific subcontracts [2][9]. - Contract Duration: The contract is effective for 2 years from the date of signing [3][11]. Impact on Company Performance - The contract is expected to significantly enhance the company's operating performance and industry influence if the contract and subsequent subcontracts are successfully executed, although the impact on the company's 2025 revenue remains uncertain [3][13]. Counterparty Information - Counterparty: Beijing Tianyuan Innovation Technology Co., Ltd., a limited liability company with a registered capital of RMB 30 million, established on September 19, 2006 [7]. - Relationship: There is no related party relationship between the counterparty and the company or its subsidiaries [8]. Risk Analysis - The actual performance amount of the contract is subject to significant uncertainty due to factors such as project implementation, bidding outcomes, and payment obligations from the final customer [4][14]. - External factors such as macroeconomic changes, industry policy adjustments, and market environment changes may affect contract execution [4][14].

Core Viewpoint - The stock price of Kesi Technology (688788) dropped significantly by 12.87% to 77.59 yuan per share on August 20, following the news of its actual controller and director Liu Jiande being detained, raising concerns about the company's operational pressures and future prospects [1][3]. Group 1: Stock Performance - On August 20, Kesi Technology opened at a limit-down price of 71.24 yuan per share, briefly recovering before hitting the limit-down again, closing at 77.59 yuan per share with a total market value of 12.19 billion yuan and a trading volume of 1.039 billion yuan [3]. - The stock experienced a significant decline due to the negative news surrounding Liu Jiande, impacting investor sentiment and leading to a sharp drop in share price [1][3]. Group 2: Company Governance and Management - Liu Jiande, a co-founder of Kesi Technology, has been in key management roles since 2004 and currently holds 37.93% of the company's shares, making him the controlling shareholder [4][5]. - Following Liu Jiande's detention, the company stated that its governance structure and internal control mechanisms remain intact, with other board members and senior management continuing their duties normally [3][6]. Group 3: Financial Performance - Kesi Technology has faced declining financial performance, with revenues of approximately 6.55 billion yuan and 6.17 billion yuan in 2020 and 2021, respectively, followed by a significant revenue drop of 62.2% in 2022 [6][7]. - The company reported net losses from 2022 to 2024, with net profits of -1.97 billion yuan, -2.03 billion yuan, and -2.68 billion yuan, respectively, indicating ongoing operational challenges [7]. - In Q1 2025, Kesi Technology reported a revenue increase of 45.24% to approximately 20.76 million yuan, but still faced a net loss of about -58.35 million yuan, highlighting the struggle to achieve profitability despite revenue growth [7][8].

受实控人、董事刘建德被留置消息影响，科思科技（688788）8月20日股价大幅收跌12.87%，报77.59元/股。实控人被留置利空消息下，科思科技目前还面 临着不小的经营压力，公司近年来净利接连亏损。未来，科思科技如何破局，无疑也将引发投资者关注。 交易行情显示，8月20日，科思科技以跌停价71.24元/股开盘，开盘后公司股价短暂打开跌停，不过之后再度跌停。早盘期间，在大额买单推动下，科思科 技股价再度打开跌停板，之后保持低位震荡态势。截至收盘，公司股价收跌12.87%，报77.59元/股，总市值121.9亿元，当日成交金额10.39亿元。 消息面上，8月19日晚间，科思科技披露公告称，公司于近日接到刘建德家属告知，其收到国家某监察委员会出具的《留置通知书》和《立案通知书》，刘 建德被实施留置和立案调查，暂不能履行董事相关职责。 科思科技表示，公司拥有完善的治理结构及内部控制机制，公司董事会运作正常，其他董事、高级管理人员均正常履职，公司及子公司各项生产经营情况正 常，资金账户正常。上述事项系刘建德个人事项，截至公告披露日，公司未被要求协助调查，公司将持续关注后续进展情况，并严格依照法律法规要求及时 履行信 ...

Group 1 - The company, Kexin Technology, announced a sales framework contract with Beijing Tianyuan Innovation Technology Co., Ltd. for a comprehensive information integration service project [2] - The maximum procurement amount of the contract is set at RMB 401,180,000.00 (including tax), while the actual sales amount will be determined by subsequent specific subcontracts signed by both parties [2]

Core Viewpoint - The sudden investigation of Liu Jiande, the actual controller and director of Kesi Technology, has led to a significant market reaction, with the company's stock price dropping by 20% and a market value loss exceeding 2.8 billion yuan in a single day, highlighting deep concerns over governance stability [1][2]. Group 1: Governance and Leadership Changes - Liu Jiande's investigation raises suspicions of potential misconduct, as the timing of his resignation as general manager and the failure to be re-elected as chairman suggest a prelude to the current crisis [2]. - Liu Jiande holds a 37.93% stake in Kesi Technology, making his personal crisis closely tied to the company's fate, as he is the core designer of the company's strategic transformation [2]. Group 2: Financial Performance and Risks - Kesi Technology has reported a cumulative net loss of over 700 million yuan from 2022 to 2024, with a 31.94% year-on-year increase in losses for 2024, amounting to 292 million yuan [2]. - The company’s revenue for Q1 2025 grew by 45.24%, yet it still faced a net loss of 58.35 million yuan, indicating a severe imbalance between R&D investment and output [2][3]. - As of the end of 2024, accounts receivable reached 746 million yuan, accounting for 214% of revenue, with 74% of these receivables overdue by more than one year [3]. Group 3: Strategic and Operational Challenges - The company has diverted 53.85% of its IPO funds, exceeding 1.9 billion yuan, to cover operational losses and debt repayment, while key projects have been stalled for years [4]. - The planned construction of the electronic information equipment production base has been delayed for four years, and the R&D technology center has made no progress, pushing completion to 2026 [4]. - Despite a 113% growth in new business areas like intelligent unmanned systems, their revenue contribution remains insufficient to support the overall business, exacerbating the financial losses [4].

Group 1 - Weicai Technology achieved a net profit of 101 million yuan in the first half of 2025, a year-on-year increase of 831.03% [1] - The company reported an operating income of 634 million yuan, up 47.53% year-on-year, with a basic earnings per share of 0.68 yuan [1] - Weicai Technology specializes in wafer testing, chip finished product testing, and related integrated circuit testing services [1] Group 2 - Changhua Group received a project development notification from a domestic automotive company, with an expected total sales amount of approximately 190 million yuan over an 8-year lifecycle [2] - The project is set to begin mass production in the third quarter of 2026 [2] - Changhua Group focuses on the research, production, and sales of automotive metal components [2][3] Group 3 - Junhe Co. reported a net profit of 30.99 million yuan in the first half of 2025, a year-on-year decrease of 19.53% [3] - The company achieved an operating income of 578 million yuan, up 5.53% year-on-year, with a basic earnings per share of 0.08 yuan [3][4] - Junhe Co. specializes in the research, design, manufacturing, and sales of household water pumps and their accessories [4] Group 4 - Tonghua Jinma reported a net profit of 16.80 million yuan in the first half of 2025, a year-on-year increase of 34.77% [5] - The company achieved an operating income of 650 million yuan, a slight increase of 0.12% year-on-year, with a basic earnings per share of 0.0174 yuan [5] - Tonghua Jinma focuses on the research, production, and sales of pharmaceutical products [5][6] Group 5 - Xing Shuai reported a net profit of 122 million yuan in the first half of 2025, a year-on-year increase of 31.79% [8] - The company achieved an operating income of 1.132 billion yuan, up 8.59% year-on-year, with a basic earnings per share of 0.37 yuan [8] - Xing Shuai specializes in the research, production, and sales of various types of refrigeration compressor thermal protectors, starters, and temperature controllers [8] Group 6 - Ice Wheel Environment reported a net profit of 266 million yuan in the first half of 2025, a year-on-year decrease of 19.71% [9] - The company achieved an operating income of 3.118 billion yuan, down 6.92% year-on-year, with a basic earnings per share of 0.27 yuan [9] - Ice Wheel Environment focuses on the research, design, and sales of artificial environment control technology and energy comprehensive utilization technology [9][10] Group 7 - Jiangsu Huachen reported a net profit of 47.27 million yuan in the first half of 2025, a year-on-year increase of 18.37% [18] - The company achieved an operating income of 938 million yuan, up 40.46% year-on-year, with a basic earnings per share of 0.2901 yuan [18] - Jiangsu Huachen specializes in the research, production, and sales of energy-saving transformers and smart electrical equipment [18] Group 8 - Hanma Technology reported a net profit of 27.73 million yuan in the first half of 2025, reversing from a loss of 153 million yuan in the same period last year [18] - The company achieved an operating income of 2.847 billion yuan, a year-on-year increase of 50.03% [18] - Hanma Technology focuses on the production, research, and sales of heavy trucks, special vehicles, and automotive components [18] Group 9 - Tianyue Advanced announced the listing of its H-shares on the Hong Kong Stock Exchange, raising approximately 1.938 billion HKD [19] - The global offering consisted of 47.7457 million shares, with a price of 42.80 HKD per share [19] - Tianyue Advanced specializes in the research, production, and sales of silicon carbide semiconductor materials [19][20] Group 10 - Kesi Technology signed a sales framework contract worth up to 401 million yuan with Beijing Tianyuan Innovation Technology Co., Ltd. [21] - The contract is valid for two years and involves a comprehensive information integration service project [21] - Kesi Technology focuses on the research, development, manufacturing, and sales of electronic information equipment [21][22]

Group 1: Fund Companies and ETFs - 14 fund companies have submitted applications for the second batch of Sci-Tech Innovation Bond ETFs, with 8 companies applying for products listed on the Shanghai Stock Exchange and 6 on the Shenzhen Stock Exchange [1] - The second batch of ETFs will track three indices: the CSI AAA Technology Innovation Corporate Bond Index, the SSE AAA Technology Innovation Corporate Bond Index, and the SZSE AAA Technology Innovation Corporate Bond Index [1] - Multiple banks, including Industrial Bank, China Merchants Bank, and CITIC Bank, are involved in the custody of these ETFs, marking a shift from the previous batch where only Industrial Bank was the custodian [1] Group 2: Banking Sector - Several village banks in regions like Zhejiang, Guizhou, and Jilin have announced reductions in deposit interest rates, with cuts ranging from 10 to 20 basis points [1] - This trend is primarily observed among small and medium-sized banks, which are adjusting deposit rates to stabilize net interest margins amid declining trends [1] - The ongoing reduction in deposit rates is expected to continue, prompting smaller banks to rethink their reliance on high-interest deposits and develop differentiated products and services [1] Group 3: Technology and AI Market - IDC reports that the market size for large model development platforms in China is expected to reach 1.69 billion yuan in 2024, driven by applications in productivity enhancement and marketing [2] - The top six companies in this market include Baidu Smart Cloud, Alibaba Cloud, SenseTime, Zhipu AI, Telecom AI, and Xiyu Technology [2] Group 4: Automotive and Electronics - Omdia predicts that global shipments of foldable OLED screens will reach 124.6 million units by 2032, significantly higher than the estimated 23.1 million units in 2024 [2] - The growth in foldable smartphone shipments is expected to increase fivefold over the next eight years, driven by continuous innovation in new models [2] Group 5: Pharmaceutical and Animal Health - The first prescription drug for stress relief in cats, named "Miao Neng," has been launched in China, priced at 69.8 yuan for a three-pack and 124.8 yuan for a six-pack [3] - This product is noted for its rapid action, high targeting, and superior safety compared to existing alternatives in the market [3] Group 6: Corporate Developments - American Bank has reportedly hired Barclays' Sandeep Tharian to lead its Asia-Pacific credit sales business, indicating a strategic move to strengthen its presence in the region [4] - Okai Airlines and other companies have been executed for over 620 million yuan due to financial loan disputes, highlighting ongoing financial challenges within the aviation sector [4] Group 7: Market Performance - The ChiNext 50 Index surged over 3%, reaching a new high for the year, with significant trading volume across the Shanghai and Shenzhen markets [11] - Chip stocks experienced a notable rally, with companies like Cambricon reaching historical highs, while consumer stocks also showed signs of recovery [11]

证券代码：688788 证券简称：科思科技 公告编号：2025-068 深圳市科思科技股份有限公司 关于自愿披露签订销售框架合同的公告 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: 合同类型：销售框架合同 合同金额：合同的采购金额上限为人民币 401,180,000.00 元（含税）， 实际销售金额需以双方后续签署的具体子合同为准。 合同生效条件及履行期限：本合同自双方签署之日起生效，有效期 2 年。 对公司当期业绩的影响：若本合同及后续签署的子合同顺利履行，预计 将会对公司的经营业绩产生重大积极影响，本合同及后续签署的子合同收入会在 后续分期确认，本项目对公司 2025 年营业收入的影响存在不确定性。 合同履行中的风险及不确定性： 1. 本次签订的框架合同在整个项目周期预计采购金额上限为人民币 401,180,000.00 元（含税），项目尚需根据每个具体项目的交付范围具体立项 并分别组织招标，中标后再与公司签订具体子合同，因此实际销售金额需以双方 签署的子合同为准。如果出现项目未实际落地，公司未能中标 ...

格隆汇8月20日丨科思科技(688788.SH)公布，公司近日与北京天元创新科技有限公司签订销售框架合同 及合同补充协议，本次签订的框架合同在整个项目周期预计采购金额上限为人民币4.01亿元（含税）的 某综合信息集成服务项目。 ...

人民财讯8月20日电，科思科技(688788)8月20日晚间公告，公司近日与北京天元创新科技有限公司签订 销售框架合同及合同补充协议。项目名称为某综合信息集成服务项目，本框架合同的采购金额上限为 4.01亿元(含税)，最终的合同金额将以甲方后续根据具体项目进行分别招标后与乙方签订的各项具体子 合同为准。若本合同及后续签署的子合同顺利履行，预计将会对公司的经营业绩产生重大积极影响，并 提升公司的持续经营能力和行业内影响力。 ...