证券代码：688789 证券简称：宏华数科 公告编号：2025-037 杭州宏华数码科技股份有限公司 关于召开2025年第二次临时股东会的通知 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） 股东会类型和届次 2025年第二次临时股东会 召开日期时间：2025 年 9 月 15 日 14 点 00 分 召开地点：浙江省杭州市滨江区滨盛路 3911 号杭州宏华数码科技股份有限 公司九楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 15 日 至2025 年 9 月 15 日 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 股东会召开日期：2025年9月15日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和 ...

每股分配比例 证券代码：688789 证券简称：宏华数科 公告编号：2025-034 杭州宏华数码科技股份有限公司 2025 年半年度利润分配方案的公告 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： 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分配比 例不变，相应调整分配总额，并将另行公告具体调整情况。 每股派发现金红利 0.30 元（含税），不进行资本公积转增股本，不送红股。 本次利润分配以实施权益分派股权登记日登记的总股数为基数，具体日期将 在权益分派实施公告中明确。 公司 2025 年半年度利润分配方案符合公司 2024 年年度股东大会对董事会关 于 2025 年中期现金分红事项授权的要求，2025 年半年度利润分配方案无需提交公司 股东大会审议。 一、利润分配方案内容 根据杭州宏华数码科技股份有限公司（以下简称"公司"）2025 年半年度财务 报告（未经审计），公司 2025 年半年度合并利润表归属于上市公司股东的净利润为 人民币 250,519,507.48 元，截至 2025 ...

杭州宏华数码科技股份有限公司 董事会提名委员会关于独立董事候选人任职资格的审查意见 根据《上市公司独立董事管理办法》、公司《董事会提名委员会工作细则》和 《公司章程》的有关规定，我们作为杭州宏华数码科技股份有限公司（以下简称"公 司"或"宏华数科"）董事会提名委员会委员，对公司第七届董事会提名委员会第 五次会议的相关议案进行了认真的审阅，对独立董事候选人的履历、资格证书等相 关资料进行了审核，发表审查意见如下： 我们认为：被提名人顾新建先生、吴学友先生、胥芳女士未直接或间接持有本 公司股票，与公司的其他董事、高级管理人员、实际控制人及持股百分之五以上的 股东不存在关联关系，不存在《公司法》以及《上海证券交易所科创板上市公司自 律监管指引第 1 号一规范运作》规定的不得担任公司的董事、高级管理人员的情形， 不存在被中国证监会确定为市场禁入者且尚在禁入期的情形，也不存在受到中国证 监会及其他有关部门处罚或证券交易所惩戒的情形，未涉嫌犯罪被司法机关立案侦 查或涉嫌违法违规被中国证监会立案调查，不是失信被执行人，符合有关法律、行 政法规、部门规章、规范性文件等要求的任职资格。 上述独立董事候选人具有丰富的专业知识，熟 ...

南财智讯8月29日电，宏华数科发布2025年半年度报告，报告期实现营业收入10.38亿元，同比增长 27.16%；归属上市公司股东的净利润2.51亿元，同比增长25.15%；扣除非经常性损益后的归属于上市公 司股东的净利润2.28亿元，同比增长18.73%；基本每股收益1.40元。 ...

[Important Notice](index=2&type=section&id=Important%20Notice) Management guarantees report accuracy, proposes a 53.84 million Yuan cash dividend, and advises caution on forward-looking statements - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, assuming individual and joint legal liabilities[3](index=3&type=chunk) - The company plans to distribute a cash dividend of **3.00 Yuan per 10 shares** (tax inclusive) to all shareholders based on the total share capital registered on the equity distribution record date, totaling **53,835,399.60 Yuan** (tax inclusive)[4](index=4&type=chunk) - The company advises that forward-looking statements in this report, such as future plans and development strategies, do not constitute substantial commitments to investors, who should be aware of investment risks[5](index=5&type=chunk) [Section I Definitions](index=5&type=section&id=Section%20I%20Definitions) This section defines common terms, including company names, shareholders, subsidiaries, and industry terminology, to ensure clear report understanding - This section defines common terms used in the report, including company names, major shareholders, subsidiaries, associates, industry terms, and related entities, to ensure clear understanding of the report's content[11](index=11&type=chunk)[12](index=12&type=chunk) - Defines "the Company," "Company," and "Honghua Digital" as Hangzhou Honghua Digital Technology Co., Ltd[11](index=11&type=chunk) - Explains core industry technical terms such as digital printing, transfer printing, flat screen printing, and rotary screen printing[11](index=11&type=chunk)[12](index=12&type=chunk) [Section II Company Profile and Key Financial Indicators](index=6&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides company basic information, contact details, stock summary, and key financial performance metrics for the reporting period [I. Company Basic Information](index=6&type=section&id=I.%20Company%20Basic%20Information) Honghua Digital is a STAR Market-listed company, with Jin Xiaotuan as legal representative, registered and operating in Hangzhou, Zhejiang - Company's Chinese name: Hangzhou Honghua Digital Technology Co., Ltd., abbreviation: Honghua Digital[14](index=14&type=chunk) - The company's shares are listed on the STAR Market of the Shanghai Stock Exchange, stock code: **688789**[17](index=17&type=chunk) [II. Contact Persons and Information](index=6&type=section&id=II.%20Contact%20Persons%20and%20Information) This section discloses contact information for the Board Secretary and Securities Affairs Representative, including address, phone, and email - Board Secretary (Domestic Representative for Information Disclosure): Yu Jianli[15](index=15&type=chunk) - Contact number: **0571-86732193**, email: honghua01@atexco.cn[15](index=15&type=chunk) [III. Overview of Information Disclosure and Document Custody Location Changes](index=6&type=section&id=III.%20Overview%20of%20Information%20Disclosure%20and%20Document%20Custody%20Location%20Changes) The company uses major financial newspapers and www.sse.com.cn for information disclosure, with reports available at its board office - Company's information disclosure newspapers: China Securities Journal, Shanghai Securities News, Securities Daily, Securities Times[16](index=16&type=chunk) - Semi-annual report publication website: www.sse.com.cn[16](index=16&type=chunk) [IV. Brief Introduction to Company Shares/Depositary Receipts](index=7&type=section&id=IV.%20Brief%20Introduction%20to%20Company%20Shares%2FDepositary%20Receipts) The company's A-shares are listed on the STAR Market of the Shanghai Stock Exchange, with stock abbreviation Honghua Digital and code 688789 - Share type: **A-shares**, listing exchange and board: **STAR Market of Shanghai Stock Exchange**[17](index=17&type=chunk) - Stock abbreviation: Honghua Digital, stock code: **688789**[17](index=17&type=chunk) [V. Company's Key Accounting Data and Financial Indicators](index=7&type=section&id=V.%20Company%27s%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved significant growth in operating revenue and net profit, with substantial net cash flow increase from operations, driven by sales Key Accounting Data for H1 2025 | Key Accounting Data | Current Period (Jan-Jun) (Yuan) | Prior Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,037,608,282.78 | 815,962,695.42 | 27.16 | | Total Profit | 304,654,969.34 | 239,881,294.39 | 27.00 | | Net Profit Attributable to Shareholders of Listed Company | 250,519,507.48 | 200,171,789.32 | 25.15 | | Net Cash Flow from Operating Activities | 81,793,810.33 | 45,566,018.47 | 79.51 | Key Financial Indicators for H1 2025 | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 1.40 | 1.12 | 25.00 | | Diluted Earnings Per Share (Yuan/share) | 1.40 | 1.12 | 25.00 | | Weighted Average Return on Net Assets (%) | 7.75 | 6.87 | Increased by 0.88 percentage points | | R&D Investment as % of Operating Revenue (%) | 5.94 | 6.05 | Decreased by 0.11 percentage points | - Net cash flow from operating activities increased by **79.51%** year-on-year, primarily due to a greater increase in cash received from sales of goods and services than cash paid for purchases in the current period[20](index=20&type=chunk) [VI. Differences in Accounting Data under Domestic and International Accounting Standards](index=8&type=section&id=VI.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20International%20Accounting%20Standards) The company has no differences in accounting data under domestic and international accounting standards - The company has no differences in net profit and net assets attributable to shareholders of the listed company in financial reports disclosed simultaneously under International Accounting Standards and Chinese Accounting Standards[21](index=21&type=chunk) [VII. Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=VII.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) The company's total non-recurring gains and losses were 22.83 million Yuan, mainly from asset disposal, government grants, and entrusted investments Non-Recurring Gains and Losses Items and Amounts for H1 2025 | Non-Recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Gains/losses from disposal of non-current assets | 8,102,565.63 | | Government grants recognized in current profit or loss (excluding those closely related to business) | 15,254,106.39 | | Gains/losses from changes in fair value and disposal of financial assets and liabilities | 308,045.72 | | Gains/losses from entrusted investments or asset management | 2,361,251.95 | | Other non-operating income and expenses apart from the above | 636,594.91 | | Less: Income tax impact | 2,518,433.55 | | Impact on minority interests (after tax) | 1,318,775.49 | | **Total** | **22,825,355.56** | - Software VAT immediate refund, VAT additional deduction, individual income tax handling fee refunds, and amortization of deferred income are deemed directly related to normal operating activities, not special or incidental, and are thus classified as recurring gains and losses[24](index=24&type=chunk) [VIII. Companies with Equity Incentive or Employee Stock Ownership Plans May Choose to Disclose Net Profit After Deducting Share-Based Payment Impact](index=9&type=section&id=VIII.%20Companies%20with%20Equity%20Incentive%20or%20Employee%20Stock%20Ownership%20Plans%20May%20Choose%20to%20Disclose%20Net%20Profit%20After%20Deducting%20Share-Based%20Payment%20Impact) The company's net profit after deducting share-based payment impact was 281.97 million Yuan, a 34.52% year-on-year increase Net Profit After Deducting Share-Based Payment Impact for H1 2025 | Key Accounting Data | Current Period (Jan-Jun) (Yuan) | Prior Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Profit After Deducting Share-Based Payment Impact | 281,973,876.72 | 209,619,143.20 | 34.52 | [Section III Management Discussion and Analysis](index=9&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section analyzes the company's industry, operations, core competencies, risk factors, and key financial performance during the reporting period [I. Description of the Company's Industry and Main Business During the Reporting Period](index=9&type=section&id=I.%20Description%20of%20the%20Company%27s%20Industry%20and%20Main%20Business%20During%20the%20Reporting%20Period) The company operates in special equipment manufacturing, providing comprehensive digital inkjet printing solutions for textiles, including printers and consumables - The company's industry is "2.1 Intelligent Manufacturing Equipment Industry" under "C35 Special Equipment Manufacturing Industry"[28](index=28&type=chunk) - The digital inkjet printing industry is transitioning from "technology substitution" to "ecosystem reconstruction," with green and low-carbon production becoming a rigid demand, benefiting from "dual carbon" goals and "trade-in" policies[29](index=29&type=chunk) - The company's main business is providing comprehensive textile digital printing solutions, with products including digital direct-to-fabric printers, transfer printers, ultra-high-speed industrial inkjet printers, automated sewing equipment, and related consumables (inks)[33](index=33&type=chunk) - The company's business model is "equipment first, consumables follow," developing the market through cost-effective equipment and comprehensive services, while also providing配套耗材[33](index=33&type=chunk)[34](index=34&type=chunk) [II. Discussion and Analysis of Operations](index=11&type=section&id=II.%20Discussion%20and%20Analysis%20of%20Operations) The company achieved steady operating growth with double-digit revenue and net profit increases, driven by digital printing focus, new applications, and R&D investment Operating Performance for H1 2025 | Indicator | Amount (Million Yuan) | YoY Growth (%) | | :--- | :--- | :--- | | Operating Revenue | 1,037.61 | 27.16 | | Net Profit Attributable to Shareholders of Listed Company | 250.52 | 25.15 | - The company's operating revenue from digital inkjet printing equipment reached **670.41 million Yuan**, a year-on-year increase of **42.75%**, with a significant increase in the sales proportion of single-pass models[36](index=36&type=chunk) - The fundraising project "Intelligent Factory for Annual Production of 2,000 Sets of Industrial Digital Inkjet Printing Equipment and Consumables" has commenced production, generating approximately **90.08 million Yuan** in benefits during the first half of the year[37](index=37&type=chunk) - The infrastructure construction for Tianjin Honghua Digital New Materials Co., Ltd.'s "Inkjet Printing Industry Integrated Base Project" is largely complete, which will further enhance full industry chain synergy and achieve independent control over key consumables[37](index=37&type=chunk) - R&D investment in H1 2025 was **61.61 million Yuan**, accounting for **5.94%** of operating revenue, a year-on-year increase of **24.73%**[39](index=39&type=chunk) - The company newly applied for **8 domestic invention and utility model patents**, accumulating **284 authorized patents** (**55 invention patents**) and **110 authorized software copyrights**[40](index=40&type=chunk) [III. Analysis of Core Competitiveness During the Reporting Period](index=13&type=section&id=III.%20Analysis%20of%20Core%20Competitiveness%20During%20the%20Reporting%20Period) The company's core competitiveness is built on 30 years of tech, strong R&D, global market presence, scaled production, and brand influence, with ongoing patent acquisitions - The company has cultivated the digital inkjet printing field for nearly **30 years**, developing core technologies such as machine learning-based density curve optimization, color management engines, precision electromechanical control systems, and nano-ink formulations[41](index=41&type=chunk)[45](index=45&type=chunk) - The company is the supporting entity for the "National Digital Inkjet Printing Engineering Technology Research Center," possesses an academician expert workstation and a postdoctoral research workstation, and has accumulated **284 authorized patents** (**55 invention patents**)[42](index=42&type=chunk)[47](index=47&type=chunk) - The company has international service centers in **37 countries or regions** globally, serving approximately **3,000 customers**, with textiles produced by its digital inkjet printing equipment ranking among the world's top in total digital printing products[42](index=42&type=chunk) - Upon completion and operation of the company's fundraising projects, it will establish the world's largest digital inkjet printing equipment production base (with a capacity of approximately **5,520 units**), and ink production capacity is expected to expand to **40,000-50,000 tons**[43](index=43&type=chunk) - The company was awarded the title of National Manufacturing Single Champion Demonstration Enterprise by the Ministry of Industry and Information Technology[43](index=43&type=chunk)[46](index=46&type=chunk) - The company's ongoing R&D projects include the development of core components and equipment for digital micro-spraying, integrated single-pass digital printing key technologies and equipment, and automatic zipper and strap sewing equipment for duvet covers, aiming to promote green, digital transformation and cost reduction with efficiency improvement[54](index=54&type=chunk) [IV. Risk Factors](index=20&type=section&id=IV.%20Risk%20Factors) The company faces risks in core competitiveness, operations (overseas markets, printhead reliance, receivables, FX), industry adoption, and management expansion - Core competitiveness risk: infringement or leakage of intellectual property, core technologies, and trade secrets[58](index=58&type=chunk) - Overseas market risk: export sales account for **46.46%** of revenue, facing international competition and adverse impacts from geopolitics, trade policies, and foreign exchange management[58](index=58&type=chunk) - Core raw material printheads for digital inkjet printing equipment primarily rely on overseas procurement, accounting for over **30%** of industrial digital inkjet printing business costs, posing risks of high supplier concentration and supply disruption[59](index=59&type=chunk) - Risk of uncollectible accounts receivable: accounts receivable balance at the end of the reporting period was **805.91 million Yuan**[59](index=59&type=chunk) - Exchange rate fluctuation risk: overseas sales revenue accounts for **46.46%**, and foreign currency settlement may lead to increased exchange losses[59](index=59&type=chunk) - Industry risk: if digital inkjet printing technology does not achieve further breakthroughs in stability, consumable costs, and comprehensive maintenance costs, the pace of large-scale adoption may slow down[60](index=60&type=chunk) - Management risk: rapid expansion of production and operation scale extends the management chain, posing challenges to the management control system and human resource coordination capabilities[61](index=61&type=chunk)[62](index=62&type=chunk) [V. Key Operating Performance During the Reporting Period](index=22&type=section&id=V.%20Key%20Operating%20Performance%20During%20the%20Reporting%20Period) The company saw increased revenue, net profit, and assets, with significant balance sheet changes driven by business growth, expenses, exchange gains, and dividends Key Operating Data for H1 2025 | Indicator | Amount (Million Yuan) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,037.61 | 27.16 | | Net Profit Attributable to Shareholders of Listed Company | 250.52 | 25.15 | | Total Assets (Period-end) | 4,541.28 | 5.39 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 3,317.85 | 5.43 | Analysis of Financial Statement Items Changes for H1 2025 | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,037,608,282.78 | 815,962,695.42 | 27.16 | Continuous expansion of business scale, year-on-year growth in product sales | | Operating Cost | 583,196,353.32 | 441,940,551.51 | 31.96 | Increased with operating revenue growth | | Selling Expenses | 70,822,741.76 | 54,398,262.16 | 30.19 | Increase in sales personnel salaries, travel expenses, technical service fees, and share-based payment expenses | | Administrative Expenses | 53,461,999.24 | 44,338,180.67 | 20.58 | Increase in labor expenses, travel expenses, depreciation and amortization, and share-based payment expenses | | Financial Expenses | -26,115,754.72 | -12,754,526.41 | Not applicable | Year-on-year increase in exchange gains | | R&D Expenses | 61,607,693.41 | 49,394,438.07 | 24.73 | Increase in R&D personnel salaries and share-based payment expenses | | Net Cash Flow from Operating Activities | 81,793,810.33 | 45,566,018.47 | 79.51 | Cash received from sales of goods and services increased more than cash paid for purchases | | Net Cash Flow from Investing Activities | 20,606,795.40 | -252,019,633.04 | Not applicable | More cash received from recovery of wealth management investments | | Net Cash Flow from Financing Activities | -78,505,309.17 | 76,833,151.75 | -202.18 | Increase in cash dividend payments | - Fixed assets at period-end increased by **102.21%** compared to the end of the previous year, primarily due to construction in progress reaching its intended usable state and being transferred to fixed assets[66](index=66&type=chunk) - Construction in progress at period-end decreased by **54.44%** compared to the end of the previous year, primarily due to reaching its intended usable state and being transferred to fixed assets[66](index=66&type=chunk) [VI. Analysis of Investment Status](index=26&type=section&id=VI.%20Analysis%20of%20Investment%20Status) The company's equity investment decreased by 13.11% to 125.54 million Yuan, mainly from capital injections into subsidiaries and associates, while transactional financial assets significantly decreased - Investment amount during the reporting period was **125.54 million Yuan**, a **13.11%** decrease compared to the prior period[73](index=73&type=chunk) - Major external equity investments include a **77 million Yuan** capital increase in Hangzhou Honghua Software Co., Ltd., a **14.4 million Yuan** investment payment to Tianjin Honghua Digital New Materials Co., Ltd., and a **17.5 million Yuan** capital increase in Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd[73](index=73&type=chunk) - Transactional financial assets at period-end amounted to **30,332,863.96 Yuan**, a **83.89%** decrease from the beginning of the period, primarily due to the recovery of non-fixed income wealth management products[66](index=66&type=chunk)[75](index=75&type=chunk) - The company participated in investing in Hangzhou Jintou Honghua Venture Capital Fund Partnership (Limited Partnership), with an investment of **95 million Yuan** at period-end, holding a **38%** stake[77](index=77&type=chunk) [VII. Analysis of Major Holding and Participating Companies](index=28&type=section&id=VII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) This section lists major holding and participating subsidiaries, detailing the acquisition of Shandong Beiao Chemical and the deregistration of Zhuji Honghua Software - The company's major subsidiaries include Hangzhou Honghua Software Co., Ltd., Tianjin Jingli Digital Technology Co., Ltd., Hangzhou Saiyang Digital Technology Co., Ltd., Tianjin Honghua Digital New Materials Co., Ltd., and Shandong Yingkejie Digital Technology Co., Ltd[80](index=80&type=chunk)[81](index=81&type=chunk) - During the reporting period, the company acquired a **51%** equity stake in Shandong Beiao Chemical Co., Ltd., and included it in the scope of consolidation on **June 30, 2025**[82](index=82&type=chunk) - Zhuji Honghua Software Technology Co., Ltd. has been deregistered[83](index=83&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=31&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section covers changes in directors and senior management, profit distribution plans, and the status and impact of equity incentive and employee stock ownership plans [I. Changes in Company Directors, Senior Management, and Core Technical Personnel](index=31&type=section&id=I.%20Changes%20in%20Company%20Directors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) Vice General Manager WANG XI resigned due to personal reasons but remains a core technical personnel of the company - Company Vice General Manager WANG XI resigned due to personal reasons but remains a core technical personnel of the company[85](index=85&type=chunk) [II. Profit Distribution or Capital Reserve Conversion Plan](index=31&type=section&id=II.%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company plans a 53.84 million Yuan cash dividend (3.00 Yuan per 10 shares, tax inclusive), with no capital reserve conversion or bonus shares - The company plans to distribute a cash dividend of **3.00 Yuan per 10 shares** (tax inclusive), totaling **53,835,399.60 Yuan** (tax inclusive)[85](index=85&type=chunk) - No capital reserve conversion to share capital or bonus share issuance will be conducted[85](index=85&type=chunk) [III. Status and Impact of Company's Equity Incentive Plan, Employee Stock Ownership Plan, or Other Employee Incentive Measures](index=31&type=section&id=III.%20Status%20and%20Impact%20of%20Company%27s%20Equity%20Incentive%20Plan%2C%20Employee%20Stock%20Ownership%20Plan%2C%20or%20Other%20Employee%20Incentive%20Measures) The 2024 employee stock ownership plan completed share transfer, and the 2024 restricted stock incentive plan granted shares at an adjusted 65.80 Yuan/share - The 2024 employee stock ownership plan completed the transfer of **865,000 shares** to the employee stock ownership plan securities account on **June 12, 2024**, at a transfer price of **51.00 Yuan/share**[87](index=87&type=chunk) - The 2024 restricted stock incentive plan granted **1.502 million shares** for the initial grant on **August 12, 2024**, and **0.198 million shares** for the reserved grant on **October 30, 2024**, with the grant price adjusted to **65.80 Yuan/share**[87](index=87&type=chunk) [Section V Important Matters](index=34&type=section&id=Section%20V%20Important%20Matters) This section details commitment fulfillment, absence of related-party fund occupation or illegal guarantees, unaudited report status, regulatory penalties, significant related-party transactions, and raised fund usage [I. Fulfillment of Commitments](index=34&type=section&id=I.%20Fulfillment%20of%20Commitments) The company's actual controller, shareholders, directors, and senior management strictly fulfilled commitments on shareholding, lock-up, anti-fraud, competition, related transactions, fund occupation, and profit distribution - The company's actual controller, Jin Xiaotuan, committed that the reduction price within **2 years** after the lock-up period expires will not be lower than the issue price[94](index=94&type=chunk) - Corporate shareholders controlled by the company's actual controller committed that the reduction price within **2 years** after the lock-up period expires will not be lower than the issue price[95](index=95&type=chunk) - The company, its actual controller, directors, supervisors, and senior management committed to avoiding horizontal competition, regulating related-party transactions, and preventing related-party fund occupation[100](index=100&type=chunk)[103](index=103&type=chunk)[106](index=106&type=chunk) - The company, its actual controller, directors, supervisors, and senior management committed to compensating for diluted immediate returns, including strengthening management of raised funds, improving operational efficiency, and perfecting the profit distribution system[108](index=108&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk) - All holders of the 2024 employee stock ownership plan committed not to distribute the equity of target shares that have met unlocking conditions for each batch within **3 months** from the expiration date of the respective lock-up period[116](index=116&type=chunk) [II. Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties During the Reporting Period](index=41&type=section&id=II.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20During%20the%20Reporting%20Period) During the reporting period, the company had no non-operating fund occupation by controlling shareholders or other related parties - The company had no non-operating fund occupation by controlling shareholders or other related parties[119](index=119&type=chunk) [III. Irregular Guarantees](index=42&type=section&id=III.%20Irregular%20Guarantees) During the reporting period, the company had no irregular guarantees - The company did not provide external guarantees in violation of prescribed decision-making procedures[6](index=6&type=chunk)[120](index=120&type=chunk) [IV. Semi-Annual Report Audit Status](index=43&type=section&id=IV.%20Semi-Annual%20Report%20Audit%20Status) This semi-annual report is unaudited - This semi-annual report is unaudited[4](index=4&type=chunk)[121](index=121&type=chunk) [VIII. Listed Company, Its Directors, Senior Management, Controlling Shareholders, and Actual Controllers Suspected of Violations, Penalties, and Rectification](index=43&type=section&id=VIII.%20Listed%20Company%2C%20Its%20Directors%2C%20Senior%20Management%2C%20Controlling%20Shareholders%2C%20and%20Actual%20Controllers%20Suspected%20of%20Violations%2C%20Penalties%2C%20and%20Rectification) The company received a warning letter from Zhejiang Securities Regulatory Bureau and strengthened internal supervision of raised funds and information disclosure - The company received a warning letter from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on **March 25, 2025**[121](index=121&type=chunk) - The company has strengthened internal supervision mechanisms for the use of raised funds, established a special approval mechanism for raised fund usage, and improved the quality of information disclosure[122](index=122&type=chunk) [X. Significant Related-Party Transactions](index=43&type=section&id=X.%20Significant%20Related-Party%20Transactions) The company engaged in related-party sales with associates Jiangsu Honghua Flexible Supply Chain and Zhejiang Honghua Baijin Qianyin, also providing a 140 million Yuan guarantee for the latter Related-Party Transactions for Sales of Goods/Services in H1 2025 | Related Party | Related Transaction Content | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | :--- | | Jiangsu Honghua Flexible Supply Chain Co., Ltd. | Equipment and ink sales | 1,599,461.09 | 776,230.11 | | Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd. | Equipment and ink sales | 338,601.77 | 14,814,699.05 | - The company provided a guarantee limit of no more than **140 million Yuan** for its associate Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd., with the company's guarantee ratio being its investment shareholding ratio of **35%**[128](index=128&type=chunk)[510](index=510&type=chunk) - As of **June 30, 2025**, Honghua Baijin's actual borrowings under this guarantee amounted to **292.12 million Yuan**, with the company actually bearing **102.24 million Yuan**[128](index=128&type=chunk)[511](index=511&type=chunk) [XI. Significant Contracts and Their Fulfillment](index=44&type=section&id=XI.%20Significant%20Contracts%20and%20Their%20Fulfillment) The company disclosed guarantee progress for its associate Honghua Baijin Qianyin and external guarantees passively formed from an equity acquisition - The company provided a guarantee limit of **140 million Yuan** for its associate Honghua Baijin Qianyin Home Textile Technology Co., Ltd., with the company actually bearing **102.24 million Yuan** as of period-end[128](index=128&type=chunk)[511](index=511&type=chunk) - Due to the acquisition of a **51%** equity stake in Shandong Beiao Chemical, the company passively formed an external guarantee of **25 million Yuan**, with Changyi Zaohu Salt Chemical's actual borrowings under this guarantee amounting to **24 million Yuan** as of period-end[128](index=128&type=chunk) - The company's total guarantee amount accounted for **3.66%** of its net assets[128](index=128&type=chunk) [XII. Explanation of Progress in Use of Raised Funds](index=46&type=section&id=XII.%20Explanation%20of%20Progress%20in%20Use%20of%20Raised%20Funds) The company's 1.58 billion Yuan raised funds saw one project commence production and generate benefits, while other projects experienced delays Overall Use of Raised Funds | Source of Raised Funds | Total Amount (Million Yuan) | Net Amount (Million Yuan) | Total Committed Investment (Million Yuan) | Total Cumulative Investment as of Period-End (Million Yuan) | Investment Progress as of Period-End (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Initial Public Offering | 575.32 | 503.40 | 503.40 | 473.32 | 94.03 | | Private Placement of Shares | 999.99 | 987.93 | 987.93 | 726.12 | 73.50 | | **Total** | **1,575.32** | **1,491.33** | **1,491.33** | **1,199.44** | **80.43** | - The fundraising project "Intelligent Factory for Annual Production of 2,000 Sets of Industrial Digital Inkjet Printing Equipment and Consumables" was completed and commenced production in **July 2023**, generating **90.08 million Yuan** in benefits this year[133](index=133&type=chunk) - The fundraising project "Intelligent Production Line for Annual Production of 3,520 Sets of Industrial Digital Inkjet Printing Equipment" has had its expected usable date extended to **September 2025**[134](index=134&type=chunk) - The company managed idle raised funds through cash management, with a period-end balance of **291.19 million Yuan**[137](index=137&type=chunk) [Section VI Share Changes and Shareholder Information](index=50&type=section&id=Section%20VI%20Share%20Changes%20and%20Shareholder%20Information) This section outlines the company's share capital changes, shareholder structure, and top ten shareholder holdings, including pledge situations [I. Share Capital Changes](index=50&type=section&id=I.%20Share%20Capital%20Changes) During the reporting period, there were no changes in the company's total ordinary shares or share capital structure - During the reporting period, there were no changes in the company's total ordinary shares or share capital structure[140](index=140&type=chunk) [II. Shareholder Information](index=51&type=section&id=II.%20Shareholder%20Information) The company had 4,280 ordinary shareholders, with Ningbo Weixin holding the highest stake among the top ten, and Zhejiang Xinhua Zhinnao having pledged shares - Total number of ordinary shareholders as of period-end: **4,280**[142](index=142&type=chunk) Top Ten Shareholders' Holdings as of Period-End | Shareholder Name | Number of Shares Held at Period-End (Shares) | Proportion (%) | Pledged, Marked, or Frozen Status (Number of Shares) | | :--- | :--- | :--- | :--- | | Ningbo Weixin Enterprise Management Partnership (Limited Partnership) | 25,703,258 | 14.32 | None 0 | | Han Jia Development Co., Ltd. | 17,198,172 | 9.58 | None 0 | | Zhejiang Xinhua Zhinnao Investment Management Partnership (Limited Partnership) | 15,702,226 | 8.75 | Pledged 15,697,280 | | Ningbo Chibo Investment Co., Ltd. | 11,404,415 | 6.36 | None 0 | | Hangzhou Baoxin Digital Technology Co., Ltd. | 10,380,590 | 5.78 | None 0 | | HKSCC Nominees Limited | 9,339,644 | 5.20 | None 0 | | Zhejiang Provincial State-owned Capital Operation Co., Ltd. | 9,098,730 | 5.07 | None 0 | | Huitianfu Fund Management Co., Ltd. - Social Security Fund 17022 Portfolio | 2,843,465 | 1.58 | None 0 | | Chen Jie | 2,606,688 | 1.45 | None 0 | | Zheshang Securities Asset Management - Everbright Bank - Zheshang Jinhui STAR Market Honghua Digital No. 1 Strategic Placement Collective Asset Management Plan | 1,816,341 | 1.01 | None 0 | - Ningbo Weixin, Hangzhou Baoxin Digital, and Ningbo Chibo are all controlled by the company's actual controller, Mr. Jin Xiaotuan[146](index=146&type=chunk) [III. Information on Directors, Senior Management, and Core Technical Personnel](index=53&type=section&id=III.%20Information%20on%20Directors%2C%20Senior%20Management%2C%20and%20Core%20Technical%20Personnel) Core technical personnel Xu Liming, Shan Qingchuan, and Gu Rongqing indirectly reduced company shareholdings due to Ningbo Chibo's agreed transfer - Core technical personnel Xu Liming, Shan Qingchuan, and Gu Rongqing indirectly reduced their holdings in Honghua Digital shares due to Ningbo Chibo's agreed transfer of Honghua Digital shares[147](index=147&type=chunk) [Section VII Bond-Related Information](index=54&type=section&id=Section%20VII%20Bond-Related%20Information) This section confirms the absence of company bonds, corporate bonds, non-financial enterprise debt financing instruments, and convertible corporate bonds [I. Company Bonds (Including Corporate Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=54&type=section&id=I.%20Company%20Bonds%20%28Including%20Corporate%20Bonds%29%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) During the reporting period, the company had no company bonds or non-financial enterprise debt financing instruments - The company has no company bonds (including corporate bonds) or non-financial enterprise debt financing instruments[150](index=150&type=chunk) [II. Convertible Corporate Bonds](index=54&type=section&id=II.%20Convertible%20Corporate%20Bonds) During the reporting period, the company had no convertible corporate bonds - The company has no convertible corporate bonds[150](index=150&type=chunk) [Section VIII Financial Report](index=55&type=section&id=Section%20VIII%20Financial%20Report) This section presents the company's unaudited consolidated and parent financial statements, with detailed notes on accounting policies, taxes, and related-party transactions [I. Audit Report](index=55&type=section&id=I.%20Audit%20Report) This semi-annual report is unaudited - This semi-annual report is unaudited[4](index=4&type=chunk)[152](index=152&type=chunk) [II. Financial Statements](index=55&type=section&id=II.%20Financial%20Statements) This section includes unaudited consolidated and parent financial statements, with detailed notes on asset, liability, profit, cash flow, and equity changes, and accounting policies Key Consolidated Balance Sheet Data (June 30, 2025) | Item | June 30, 2025 (Yuan) | December 31, 2024 (Yuan) | | :--- | :--- | :--- | | Total Current Assets | 2,840,527,028.63 | 2,794,776,216.04 | | Total Non-Current Assets | 1,700,748,744.16 | 1,514,339,445.72 | | Total Assets | 4,541,275,772.79 | 4,309,115,661.76 | | Total Current Liabilities | 892,994,863.34 | 970,872,251.29 | | Total Non-Current Liabilities | 194,480,335.02 | 103,050,212.93 | | Total Liabilities | 1,087,475,198.36 | 1,073,922,464.22 | | Total Equity Attributable to Parent Company Owners | 3,317,852,646.32 | 3,146,979,859.56 | | Total Equity | 3,453,800,574.43 | 3,235,193,197.54 | Key Consolidated Income Statement Data (Jan-Jun 2025) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,037,608,282.78 | 815,962,695.42 | | Total Operating Cost | 754,612,688.90 | 583,551,201.99 | | Total Profit | 304,654,969.34 | 239,881,294.39 | | Net Profit | 264,263,239.30 | 207,606,774.16 | | Net Profit Attributable to Parent Company Shareholders | 250,519,507.48 | 200,171,789.32 | | Basic Earnings Per Share (Yuan/share) | 1.40 | 1.12 | Key Consolidated Cash Flow Statement Data (Jan-Jun 2025) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 81,793,810.33 | 45,566,018.47 | | Net Cash Flow from Investing Activities | 20,606,795.40 | -252,019,633.04 | | Net Cash Flow from Financing Activities | -78,505,309.17 | 76,833,151.75 | | Net Increase in Cash and Cash Equivalents | 40,144,299.04 | -131,265,487.67 | [III. Company Basic Information](index=73&type=section&id=III.%20Company%20Basic%20Information) Honghua Digital, established in 1992 and listed in 2021, primarily engages in R&D, production, and sales of digital inkjet printing equipment and consumables - The company's predecessor, Honghua Computer Company, was established on **October 10, 1992**, restructured into a joint-stock company in **2001**, and listed on the Shanghai Stock Exchange on **July 8, 2021**[185](index=185&type=chunk) - The company's main business is the R&D, production, and sales of digital inkjet printing equipment and consumables, automated sewing equipment, and digital printing equipment[186](index=186&type=chunk) [IV. Basis of Financial Statement Preparation](index=73&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) The company's financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue for the next 12 months - The company's financial statements are prepared on a going concern basis[187](index=187&type=chunk) - There are no matters or circumstances that cause significant doubt about the company's ability to continue as a going concern for the next **12 months** from the end of the reporting period[188](index=188&type=chunk) [V. Significant Accounting Policies and Accounting Estimates](index=73&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Accounting%20Estimates) This section details the company's accounting policies and estimates for financial instruments, inventories, fixed assets, construction in progress, intangible assets, and revenue recognition - The company adheres to the requirements of enterprise accounting standards to truthfully and completely reflect its financial position[190](index=190&type=chunk) - The company has formulated specific accounting policies and estimates for financial instrument impairment, inventories, fixed asset depreciation, construction in progress, intangible assets, and revenue recognition[189](index=189&type=chunk) - The company classifies, recognizes, measures, and derecognizes financial assets and liabilities, and provides for impairment based on expected credit losses[202](index=202&type=chunk)[205](index=205&type=chunk)[208](index=208&type=chunk) - The company's revenue recognition principles are based on identifying distinct performance obligations, determining whether they are satisfied over time or at a point in time, and measuring revenue at the transaction price allocated to each distinct performance obligation[267](index=267&type=chunk)[268](index=268&type=chunk)[269](index=269&type=chunk) [VI. Taxation](index=97&type=section&id=VI.%20Taxation) This section lists the company's main tax categories and rates, detailing VAT and corporate income tax preferential policies for the company and its subsidiaries Main Tax Categories and Rates | Tax Category | Tax Rate | | :--- | :--- | | Value-Added Tax (VAT) | 5%、6%、7%、9%、13%、19% | | Urban Maintenance and Construction Tax | 7% | | Corporate Income Tax | 15%、16.5%、20%、25%、28%等 | | Property Tax | 1.2%、12% | | Education Surcharge | 3% | | Local Education Surcharge | 2% | - The company and its subsidiaries Hangzhou Saiyang Digital, Hangzhou Honghua Software, Shandong Yingkejie Digital, and Tianjin Jingli Digital all enjoy a **15%** preferential corporate income tax rate as high-tech enterprises[285](index=285&type=chunk)[289](index=289&type=chunk)[290](index=290&type=chunk) - The company and its subsidiary Shandong Yingkejie Digital Technology Co., Ltd. enjoy the VAT immediate refund policy for software products[286](index=286&type=chunk)[287](index=287&type=chunk) - The company and its subsidiaries Hangzhou Honghua Software, Tianjin Jingli Digital, Shandong Yingkejie Digital, and Hangzhou Saiyang Digital comply with the VAT additional deduction policy for advanced manufacturing enterprises[288](index=288&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=99&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes on consolidated financial statement items, including asset, liability, equity, revenue, cost, and expense balances, changes, and explanations - Cash and bank balances at period-end amounted to **1,192,528,180.26 Yuan**, of which **30,578,152.29 Yuan** was deposited overseas[292](index=292&type=chunk) - Transactional financial assets at period-end amounted to **30,332,863.96 Yuan**, a **83.89%** decrease from the beginning of the period, primarily due to the recovery of non-fixed income wealth management products[294](index=294&type=chunk)[66](index=66&type=chunk) - Accounts receivable at period-end amounted to **736,252,251.66 Yuan**, with **80.49%** being within **1 year** of age[301](index=301&type=chunk)[303](index=303&type=chunk) - Inventory book value at period-end was **622,242,559.04 Yuan**, an increase of **10.99%** from the beginning of the period, primarily including raw materials, work-in-progress, and finished goods[336](index=336&type=chunk) - Fixed assets book value at period-end was **833,256,251.25 Yuan**, an increase of **102.21%** from the beginning of the period, primarily due to transfers from construction in progress[353](index=353&type=chunk)[66](index=66&type=chunk) - Construction in progress book value at period-end was **237,741,438.29 Yuan**, a decrease of **54.44%** from the beginning of the period, primarily due to transfers to fixed assets upon reaching intended usable state[361](index=361&type=chunk)[66](index=66&type=chunk) - Goodwill original book value at period-end was **216,014,339.66 Yuan**, with an increase of **5,804,566.23 Yuan** in the current period due to business combinations[372](index=372&type=chunk) - Total assets with restricted ownership or use rights amounted to **512,243,038.83 Yuan**, primarily including pledged or frozen cash and bank balances, fixed assets, intangible assets, and construction in progress[388](index=388&type=chunk) - Operating revenue for the current period was **1,037,608,282.78 Yuan**, a year-on-year increase of **27.16%**; operating cost was **583,196,353.32 Yuan**, a year-on-year increase of **31.96%**[428](index=428&type=chunk) - Selling expenses for the current period were **70,822,741.76 Yuan**, a year-on-year increase of **30.19%**, primarily due to increased sales personnel salaries, travel expenses, technical service fees, and share-based payment expenses[432](index=432&type=chunk)[64](index=64&type=chunk) - R&D expenses for the current period were **61,607,693.41 Yuan**, a year-on-year increase of **24.73%**, primarily due to increased R&D personnel salaries and share-based payment expenses[434](index=434&type=chunk)[64](index=64&type=chunk) - Financial expenses for the current period were **-26,115,754.72 Yuan**, with an increase in exchange gains compared to the prior period[435](index=435&type=chunk)[64](index=64&type=chunk) - Net cash flow from operating activities was **81,793,810.33 Yuan**, a year-on-year increase of **79.51%**[455](index=455&type=chunk) [VIII. R&D Expenses](index=151&type=section&id=VIII.%20R%26D%20Expenses) This section itemizes the company's R&D expenses by cost nature, with 61.61 million Yuan expensed, primarily for salaries, materials, and share-based payments R&D Expenses by Nature of Cost for H1 2025 | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Salaries and Welfare Expenses | 30,393,416.76 | 23,612,426.33 | | R&D Material Expenses | 12,547,750.38 | 14,979,135.04 | | Share-Based Payment | 9,295,491.31 | 0 | | Depreciation and Amortization | 4,896,246.09 | 3,757,703.14 | | Mold Development and Outsourced R&D | 1,895,945.57 | 3,223,621.69 | | Others | 2,578,843.30 | 3,821,551.87 | | **Total** | **61,607,693.41** | **49,394,438.07** | | Of which: Expensed R&D | 61,607,693.41 | 49,394,438.07 | [IX. Changes in Consolidation Scope](index=152&type=section&id=IX.%20Changes%20in%20Consolidation%20Scope) The company acquired 51% of Shandong Beiao Chemical, bringing it into consolidation, while wholly-owned subsidiary Zhuji Honghua Software was liquidated and deregistered - The company, through its controlled subsidiary Tianjin Honghua Digital New Materials Co., Ltd., acquired a **51%** equity stake in Shandong Beiao Chemical Co., Ltd. for **40.8 million Yuan**, and included it in the scope of consolidation on **June 19, 2025**[469](index=469&type=chunk)[470](index=470&type=chunk)[474](index=474&type=chunk) - This acquisition resulted in goodwill of **5,804,566.23 Yuan**[474](index=474&type=chunk) - Wholly-owned subsidiary Zhuji Honghua Software Technology Co., Ltd. was liquidated and deregistered in **March 2025**, and is no longer included in the scope of consolidation[477](index=477&type=chunk) [X. Interests in Other Entities](index=155&type=section&id=X.%20Interests%20in%20Other%20Entities) This section details the company's enterprise group composition, including major subsidiaries, significant non-wholly-owned subsidiaries, and interests in important associates - The company owns Hangzhou Honghua Software, Tianjin Jingli Digital, GLOMIC Sàrl, TEXPA GmbH等 wholly-owned or controlled subsidiaries[478](index=478&type=chunk) - Significant non-wholly-owned subsidiaries include Saiyang Digital, Shandong Yingkejie, and Tianjin Honghua, with minority shareholder stakes of **45.00%**, **49.00%**, and **15.00%**, respectively[480](index=480&type=chunk)[481](index=481&type=chunk) - Important associates include Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd., Jiangsu Honghua Flexible Supply Chain Co., Ltd., and Hangzhou Jintou Honghua Venture Capital Fund Partnership (Limited Partnership), with shareholding ratios of **35%** or **38%** respectively[482](index=482&type=chunk) [XI. Government Grants](index=158&type=section&id=XI.%20Government%20Grants) The company recognized 20.95 million Yuan in government grants, primarily from asset-related deferred income amortization and income-related grants Government Grants Recognized in Current Profit or Loss for H1 2025 | Type | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Asset-related | 673,979.90 | 465,303.51 | | Income-related | 20,276,532.74 | 16,225,563.46 | | **Total** | **20,950,512.64** | **16,690,866.97** | - The period-end balance of asset-related government grants in deferred income was **1,457,625.00 Yuan**[487](index=487&type=chunk) [XII. Risks Related to Financial Instruments](index=159&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company faces credit, liquidity, and market risks (interest rate, FX), managed through credit assessment, bank lines, financing optimization, and foreign currency trading - The company faces credit risk, liquidity risk, and market risk (interest rate risk and foreign exchange risk)[489](index=489&type=chunk)[495](index=495&type=chunk) - Credit risk management is conducted by assessing financial instrument credit risk, defining default and credit-impaired assets, and measuring expected credit losses[490](index=490&type=chunk)[491](index=491&type=chunk) - Liquidity risk is controlled by comprehensively utilizing various financing methods such as bill settlement and bank borrowings, and by appropriately combining long-term and short-term financing approaches[493](index=493&type=chunk) - As of **June 30, 2025**, the company had no bank borrowings with floating interest rates, resulting in a relatively small impact from interest rate risk[496](index=496&type=chunk) - Foreign exchange risk is managed by buying and selling foreign currencies at market exchange rates when necessary to ensure net risk exposure is maintained at an acceptable level[497](index=497&type=chunk) [XIII. Disclosure of Fair Value](index=163&type=section&id=XIII.%20Disclosure%20of%20Fair%20Value) This section discloses period-end fair values of assets and liabilities, primarily transactional financial assets, other equity investments, and accounts receivable financing Fair Value Measurement Items at Period-End | Item | Level 3 Fair Value Measurement (Yuan) | Total (Yuan) | | :--- | :--- | :--- | | Transactional Financial Assets | 30,332,863.96 | 30,332,863.96 | | Other Equity Instrument Investments | 12,292,000.00 | 12,292,000.00 | | Accounts Receivable Financing | 25,866,124.94 | 25,866,124.94 | | **Total Assets Measured at Fair Value on a Recurring Basis** | **68,490,988.90** | **68,490,988.90** | - For other non-current financial assets (equity instrument investments), measurement is based on their book value or the target company's net assets as a reasonable estimate of fair value[504](index=504&type=chunk) [XIV. Related Parties and Related-Party Transactions](index=165&type=section&id=XIV.%20Related%20Parties%20and%20Related-Party%20Transactions) This section discloses related-party relationships with subsidiaries and associates, and related-party transactions including sales, services, and guarantees - The company has related-party transactions for equipment and ink sales with its associates Jiangsu Honghua Flexible Supply Chain Co., Ltd. and Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd[508](index=508&type=chunk) - The company provided a guarantee limit of **140 million Yuan** for its associate Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd., with the company actually bearing **102.24 million Yuan** as of period-end[510](index=510&type=chunk)[511](index=511&type=chunk) - Key management personnel compensation for the current period amounted to **3.56 million Yuan**[514](index=514&type=chunk) - Accounts receivable from associates Jiangsu Honghua Flexible Supply Chain Co., Ltd. and Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd. at period-end were **9,610,333.60 Yuan** and **1,106,120.00 Yuan**, respectively[516](index=516&type=chunk) [XV. Share-Based Payment](index=167&type=section&id=XV.%20Share-Based%20Payment) This section details the 2024 employee stock ownership and restricted stock incentive plans, including grantees, prices, vesting, and current period expenses - The 2024 employee stock ownership plan granted **0.865 million restricted shares** at **51 Yuan/share** to **82 incentive recipients**, with two vesting periods and performance targets of not less than **30%** net profit growth in **2024** and not less than **200%** cumulative net profit growth for **2024-2025**[518](index=518&type=chunk) - The 2024 restricted stock incentive plan granted initial and reserved restricted shares at an adjusted price of **65.80 Yuan/share**, with two vesting periods and performance targets similar to the employee stock ownership plan[518](index=518&type=chunk)[519](index=519&type=chunk) - Total equity-settled share-based payment expenses for the current period amounted to **20,257,151.20 Yuan**, primarily allocated to management, R&D, sales, and production personnel[525](index=525&type=chunk) [XVI. Commitments and Contingencies](index=170&type=section&id=XVI.%20Commitments%20and%20Contingencies) During the reporting period, the company had no significant commitments or contingencies requiring disclosure - During the reporting period, the company had no significant commitments or contingencies requiring disclosure[525](index=525&type=chunk) [XVII. Post-Balance Sheet Events](index=171&type=section&id=XVII.%20Post-Balance%20Sheet%20Events) After the reporting period, the company plans to distribute profits or dividends totaling 53.84 million Yuan - After the reporting period, the company plans to distribute profits or dividends totaling **53,835,399.60 Yuan**[526](index=526&type=chunk) [XVIII. Other Important Matters](index=171&type=section&id=XVIII.%20Other%20Important%20Matters) The company's main business, including digital inkjet printers and consumables, is managed as a single segment, thus segment information disclosure is not required - The company's main business is the production and sales of digital inkjet printers and consumables, automated sewing equipment, and digital printing machines and consumables, managed as a single entity, thus segment information disclosure is not required[528](index=528&type=chunk) [XIX. Notes to Parent Company Financial Statement Items](index=172&type=section&id=XIX.%20Notes%20to%20Parent%20Company%20Financial%20Statement%20Items) This section provides detailed notes on parent company financial statement items, including receivables, long-term equity investments, revenue, costs, and investment income - Parent company's accounts receivable at period-end amounted to **665,328,898.93 Yuan**, with **81.52%** being within **1 year** of age[530](index=530&type=chunk)[532](index=532&type=chunk) - Parent company's other receivables at period-end amounted to **47,855,952.70 Yuan**, of which **47,273,283.59 Yuan** was due from related parties within the consolidation scope, accounting for **98.71%**[545](index=545&type=chunk)[550](index=550&type=chunk) - Parent company's long-term equity investments at period-end had a book value of **1,491,700,868.17 Yuan**, primarily including investments in subsidiaries and associates[553](index=553&type=chunk) - Parent company's operating revenue for the current period was **1,086,758,505.08 Yuan**, and operating cost was **757,204,051.79 Yuan**[556](index=556&type=chunk) - Parent company's investment income for the current period was **9,744,599.92 Yuan**, primarily including investment income from disposal of long-term equity investments and wealth management product income[560](index=560&type=chunk)[561](index=561&type=chunk) [XX. Supplementary Information](index=185&type=section&id=XX.%20Supplementary%20Information) This section provides supplementary information, including non-recurring gains and losses, net asset return, and earnings per share, refining financial performance Total Non-Recurring Gains and Losses for H1 2025 | Item | Amount (Yuan) | | :--- | :--- | | Gains/losses from disposal of non-current assets | 8,102,565.63 | | Government grants recognized in current profit or loss (excluding those closely related to business) | 15,254,106.39 | | Gains/losses from changes in fair value and disposal of financial assets and liabilities | 308,045.72 | | Gains/losses from entrusted investments or asset management | 2,361,251.95 | | Other non-operating income and expenses apart from the above | 636,594.91 | | Less: Income tax impact | 2,518,433.55 | | Impact on minority interests (after tax) | 1,318,775.49 | | **Total** | **22,825,355.56** | Net Asset Return and Earnings Per Share for H1 2025 | Profit for the Reporting Period | Weighted Average Return on Net Assets (%) | Earnings Per Share (Yuan) | | :--- | :--- | :--- | | Net Profit Attributable to Ordinary Shareholders of the Company | 7.75 | 1.40 | | Net Profit Attributable to Ordinary Shareholders of the Company After Deducting Non-Recurring Gains and Losses | 7.04 | 1.27 |

杭州宏华数码科技股份有限公司 独立董事候选人声明与承诺 本人胥芳，已充分了解并同意由提名人杭州宏华数码科技股份有限公司董事 会提名为杭州宏华数码科技股份有限公司第八届董事会独立董事候选人。本人公 开声明，本人具备独立董事任职资格，保证不存在任何影响本人担任杭州宏华数 码科技股份有限公司独立董事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规 章及其他规范性文件，具有五年以上法律、经济会计、财务、管理等履行独立董 事职责所必需的工作经验。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要求： （一）《中华人民共和国公司法》等关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》和上海证券交易所自律监 管规则有关独立董事任职资格和条件的相关规定； （五）中共中央组织部《关于进一步规范党政领导干部在企业兼职（任职） 问题的意见》的相关规定； （三）在直接或者间接持有上市公司已发行股份 5%以上的股东单位或者在 上市公司前五名股东单位任职的人员及其直系亲属； （六）中共中央 ...

关于 2025 年度"提质增效重回报"行动方案的半年度评估报告 为贯彻落实关于开展科创板上市公司"提质增效重回报"专项行动的倡议， 落实以投资者为本的理念，推动杭州宏华数码科技股份有限公司（以下称"公司" 或"宏华数科"）持续优化经营、规范治理和积极回报投资者，大力提高上市公 司质量，助力信心提振、资本市场稳定和经济高质量发展，公司于 2025 年 4 月 26 日发布了《2024 年度"提质增效重回报"行动方案评估报告暨 2025 年度"提 质增效重回报"行动方案》。公司根据行动方案内容，积极开展和落实各项工作， 现将 2025 年上半年的主要工作成果报告如下： 一、深耕主营业务，业务提质增量凸显成效 公司致力于成为全球具有市场领导力的工业数码喷印装备和耗材供应商，是 一家以数码喷印技术为核心，聚焦纺织时尚、快反产业链，为传统纺织和印刷行 业向"数字化、智能化、绿色化"转型升级提供新质生产力的高端装备和智能化 生态的引领者。 1、聚焦主业，经营业绩稳健增长 杭州宏华数码科技股份有限公司 公司围绕"速度更快、成本更低、领域更多、市场更广"的发展目标，立足 主业，稳健有序布局新产品、新技术，不断突破创新，积极探 ...

杭州宏华数码科技股份有限公司 独立董事候选人声明与承诺 本人吴学友，已充分了解并同意由提名人杭州宏华数码科技股份有限公司董 事会提名为杭州宏华数码科技股份有限公司第八届董事会独立董事候选人。本人 公开声明，本人具备独立董事任职资格，保证不存在任何影响本人担任杭州宏华 数码科技股份有限公司独立董事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政法规、部门规 章及其他规范性文件，具有五年以上法律、经济会计、财务、管理等履行独立董 事职责所必需的工作经验。 二、本人任职资格符合下列法律、行政法规和部门规章以及公司规章的要求： （一）《中华人民共和国公司法》等关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》和上海证券交易所自律监 管规则有关独立董事任职资格和条件的相关规定； （十）其他法律法规、部门规章、规范性文件和上海证券交易所规定的情形。 三、本人具备独立性，不属于下列情形： 1 （一）在上市公司或者其附属企业任职的人员及其直系亲属和主要社会关系 （直系亲属是指配偶、父母、子女等；主要社会关 ...

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。 杭州宏华数码科技股份有限公司（以下简称"公司"）第七届董事会即将届满， 根据《中华人民共和国公司法》（以下简称"《公司法》"）《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》等法律、法规、规范性文件以及 《公司章程》等有关规定，需按程序进行董事会换届选举工作。公司于 2025 年 8 月 29 日在公司会议室召开职工代表大会，会议的召开及表决程序符合职工代表大会决 策的有关规定，会议经民主讨论、表决，审议通过了《关于选举公司第八届董事会 职工代表董事的议案》，同意选举葛晨文先生为公司第八届董事会职工代表董事， 简历详见附件。 公司第八届董事会由7名董事组成，葛晨文先生作为职工代表董事将与公司2025 年第二次临时股东会选举产生的 6 名非职工代表董事共同组成公司第八届董事会， 任期三年。为保证公司董事会的正常运作，在公司股东会选举产生新一届董事会之 前，公司第七届董事会将继续履行职责。 上述职工代表董事符合《公司法》《公司章程》等有关规定的任职资格和条件， ...

杭州宏华数码科技股份有限公司 独立董事提名人声明与承诺 提名人杭州宏华数码科技股份有限公司董事会，现提名吴学友为杭州宏华数 码科技股份有限公司第八届董事会独立董事候选人，并已充分了解被提名人职 业、学历、职称、详细的工作经历、全部兼职、有无重大失信等不良记录等情况。 被提名人已书面同意出任杭州宏华数码科技股份有限公司第八届董事会独立董 事候选人（参见该独立董事候选人声明）。提名人认为，被提名人具备独立董事 任职资格，与杭州宏华数码科技股份有限公司之间不存在任何影响其独立性的关 系，具体声明如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、行政法规、规 章及其他规范性文件，具有五年以上法律、经济、财务、管理或者其他履行独立 董事职责所必需的工作经验。 （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞去公职或者退 （离）休后担任上市公司、基金管理公司独立董事、独立监事的通知》的规定； （五）中共中央组织部《关于进 ...