智通财经APP讯，常山北明(000158.SZ)发布2025年半年度报告，报告期内，公司实现营业收入37.22亿 元，同比增长30.77%。归属于上市公司股东净亏损9299.44万元，归属于上市公司股东的扣除非经常性 损益净亏损1.26亿元，基本每股亏损0.0582元。 ...

常山北明8月18日晚间披露2025年半年报，公司上半年实现营业收入37.22亿元，同比增长30.77%；归母 净利润为-9299.44万元。基本每股收益-0.0582元。 ...

石家庄常山北明科技股份有限公司 2025 年半年度财务报告 石家庄常山北明科技股份有限公司 2025 年半年度财务报告 【2025 年 8 月】 1 石家庄常山北明科技股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：石家庄常山北明科技股份有限公司 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 1,812,138,050.37 | 2,171,264,039.48 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | 11,294,557.47 | | 衍生金融资产 | | | | 应收票据 | 12,830,258.61 | 32,919,353.17 | | 应收账款 | 2,922,778,227.55 | 3,143,187,778.45 | | 应收款项融资 | 13,858,475.71 | 77,985,558.55 | | 预付款项 ...

| 编制单位：石家庄常山北明科技股份有限公司 | | | | | | | | | | 单位：万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公司的关联 | 上市公司核算 | 2025年期初占 | 2025年1-6月占用累计发 | 2025年1-6月占用 | 2025年1-6月偿还 | | 2025年6月末占 占用形成原因 | 占用性质 | | | | 关系 | 的会计科目 | 用资金余额 | 生金额（不含利息） | 资金的利息(如有) | 累计发生金额 | | 用资金余额 | | | 控股股东、实际控制人及 | | | | | | | | | | | | 其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前控股股东、实际控制人 | | | | | | | | | | | | 及其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 其他 ...

证券代码：000158 证券简称：常山北明 公告编号：2025-050 2025 年 8 月 19 日 审议通过 2025 年半年度报告及其摘要 表决结果：同意 11 票，反对 0 票，弃权 0 票。 本议案已经审计委员会审议通过。具体内容详见 2025 年 8 月 19 日在巨潮资 讯网披露的《2025 年半年度报告》及《2025 年半年度报告摘要》（公告编号： 2025-051）。 特此公告。 石家庄常山北明科技股份有限公司董事会 石家庄常山北明科技股份有限公司 董事会九届二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 石家庄常山北明科技股份有限公司（以下简称公司）董事会九届二次会议于 2025 年 8 月 5 日以邮件和专人送达方式发出通知，于 8 月 15 日以现场会议加通 讯会议方式召开，现场会议地点为公司四楼会议室。本次会议应到董事 11 人， 实到 11 人。会议由公司董事长张玮扬先生主持，公司高级管理人员列席了会议。 本次会议的召集和召开程序符合《公司法》及《公司章程》的规定。会议审议通 过了以下议案: ...

[Section I Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Section%20I%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section contains the company's semi-annual report's important notice, emphasizing the truthfulness, accuracy, and completeness of the report content, and stating no cash dividend distribution, bonus shares, or capital reserve to share capital conversion, while also providing the report's directory structure and definitions of key terms [I. Important Notice](index=2&type=section&id=I.%20Important%20Notice) Emphasizes the board of directors' and management's assurance of the semi-annual report's truthfulness, accuracy, and completeness, and clarifies the plan not to distribute profits - The company's board of directors and management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, free from false records, misleading statements, or major omissions, and assume individual and joint legal liabilities[5](index=5&type=chunk) - Company head Zhang Weiyang, chief accountant Cao Jinxia, and head of accounting department (accounting supervisor) Cao Jinxia declare that the financial report in this semi-annual report is true, accurate, and complete[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[6](index=6&type=chunk) [II. Table of Contents](index=3&type=section&id=II.%20Table%20of%20Contents) Lists the structure of this semi-annual report, including company profile, management discussion and analysis, corporate governance, significant events, share changes and shareholder information, bond-related matters, financial reports, and other submitted data - The report comprises nine main chapters, covering various aspects of the company's operations, finance, and governance[9](index=9&type=chunk) [III. Definitions](index=5&type=section&id=III.%20Definitions) Provides definitions for common terms used in the report, such as company name, reporting period, major subsidiary names, and technology concepts like big data, cloud computing, IoT, and AI, ensuring consistent understanding of professional terminology - The company's full name is Shijiazhuang Changshan Beiming Technology Co., Ltd[15](index=15&type=chunk) - The reporting period refers to January 1, 2025, to June 30, 2025[15](index=15&type=chunk) - Lists major subsidiary names such as Beiming Software, Sokoville, and Tianshi Energy[15](index=15&type=chunk) - Defines key technology concepts including Big Data, Cloud Computing, Internet of Things (IoT), Cloud Native, Digital Twin, AI, PaaS, RPA, and DeepSeek[15](index=15&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 outlines the company's basic information, including stock code, legal representative, and contact details, and discloses key accounting data and financial indicators for the first half of 2025, showing a **30.77%** increase in operating revenue and a **63.39%** reduction in net loss attributable to parent, but a significant increase in cash outflow from investing activities [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) Provides the company's basic registration information, including stock abbreviation, code, listing exchange, Chinese and English names, and legal representative - Stock Abbreviation: Changshan Beiming, Stock Code: **000158**[17](index=17&type=chunk) - Stock Exchange: Shenzhen Stock Exchange[17](index=17&type=chunk) - Legal Representative: Zhang Weiyang[17](index=17&type=chunk) [II. Contact Persons and Information](index=6&type=section&id=II.%20Contact%20Persons%20and%20Information) Lists the names, addresses, phone numbers, faxes, and email addresses of the company's board secretary and securities affairs representative for investor communication - Board Secretary: Li Pengtao, Securities Affairs Representative: Li Jiao[18](index=18&type=chunk) - Contact Address: 9th Floor, Tianli Business Building, No. 34 Guang'an Street, Chang'an District, Shijiazhuang City, Hebei Province[18](index=18&type=chunk) [III. Other Information](index=6&type=section&id=III.%20Other%20Information) Confirms no changes in company contact information, information disclosure, and document storage locations during the reporting period, and specifies official channels for information disclosure - The company's registered address, office address, website, and email address remained unchanged during the reporting period[19](index=19&type=chunk) - The website of the stock exchange where the company discloses its semi-annual report is Shenzhen Stock Exchange (http://www.szse.cn)[20](index=20&type=chunk) - The media name and website for the company's semi-annual report disclosure are Securities Times and Juchao Information Network (http://www.cninfo.com.cn)[20](index=20&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Details the company's key financial data for the first half of 2025 compared to the same period last year, showing significant improvements in operating revenue and net profit, but a substantial increase in cash outflow from investing activities - The company retrospectively adjusted prior year accounting data due to business combinations under common control[22](index=22&type=chunk) 2025 Semi-Annual Key Financial Data Comparison | Indicator | Current Reporting Period (RMB) | Prior Period Adjusted (RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,721,501,733.42 | 2,845,828,484.56 | 30.77% | | Net Profit Attributable to Shareholders of Listed Company | -92,994,423.25 | -254,041,999.33 | 63.39% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | -126,401,960.03 | -320,383,599.54 | 60.55% | | Net Cash Flow from Operating Activities | -787,948,845.09 | -1,253,703,441.04 | 37.15% | | Basic Earnings Per Share | -0.0582 | -0.1589 | 63.37% | | Diluted Earnings Per Share | -0.0582 | -0.1589 | 63.37% | | Weighted Average Return on Net Assets | -1.75% | -4.07% | 2.32% | | **Period-End Indicators:** | | | | | Total Assets | 17,512,735,324.36 | 16,415,456,855.91 | 6.68% | | Net Assets Attributable to Shareholders of Listed Company | 5,278,744,756.33 | 5,373,836,896.59 | -1.77% | [V. Differences in Accounting Data Under Domestic and International Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20International%20Accounting%20Standards) The company reported no differences in net profit and net assets between financial reports disclosed under international or overseas accounting standards and Chinese accounting standards during the reporting period - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards[23](index=23&type=chunk) - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards[24](index=24&type=chunk) [VI. Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Lists non-recurring gains and losses items and their amounts for the reporting period, totaling **RMB 33.408 million**, primarily including government grants (especially relocation subsidies) and fair value changes in financial assets 2025 Semi-Annual Non-Recurring Gains and Losses Items | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets (including reversal of impairment provisions) | -34,882.56 | | | Government grants recognized in current profit or loss (excluding those closely related to normal business operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on company profit or loss) | 37,088,963.63 | Of which: Government relocation subsidies 33,326,239.41 RMB | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and from disposal of financial assets and liabilities, excluding effective hedge accounting related to normal business operations | -10,408.04 | Gains and losses from fair value changes, dividends, and disposal of Bank of Communications shares | | One-off expenses incurred by enterprises due to the cessation of related business activities, such as employee resettlement expenses | -72,000.00 | Employee resettlement compensation | | Other non-operating income and expenses apart from the above | -3,593,586.00 | | | Less: Income tax impact | -29,876.70 | | | Impact on minority interests (after tax) | 426.95 | | | **Total** | **33,407,536.78** | | - The company does not classify non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities - Non-Recurring Gains and Losses' as recurring gains and losses[28](index=28&type=chunk) [Section III Management Discussion and Analysis](index=9&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section elaborates on the company's business development, core competencies, financial performance, non-core business, asset and liability status, investment activities, and risks faced in the first half of 2025, with the company having divested its textile business to focus on software, achieving significant progress in smart city, judicial technology, financial technology, enterprise digital transformation, and smart transportation, while new energy business grew steadily, but cash outflow from investing activities increased significantly, and the company faces risks such as talent shortage, operational fluctuations, technological innovation, and industry competition [I. Main Businesses Engaged by the Company During the Reporting Period](index=9&type=section&id=I.%20Main%20Businesses%20Engaged%20by%20the%20Company%20During%20the%20Reporting%20Period) In the first half of 2025, the company completed the divestiture of its textile business, focusing on software, and achieved significant progress in smart city, judicial technology, financial technology, enterprise digital transformation, and smart transportation, with the new energy business also achieving steady growth, seeing substantial increases in photovoltaic power generation revenue and net profit - In 2024, the company implemented asset swaps, divesting its textile business and introducing new energy and smart industry businesses, transforming its main business from dual software and textile operations to solely software[30](index=30&type=chunk) - The main products and uses of the software business include system integration and industry solutions, value-added sales of agency products, and customized software and services[31](index=31&type=chunk) - The company's wholly-owned subsidiary, Beiming Software, is a comprehensive service provider of new-generation information technology and solutions, having developed a series of technologically leading products and solutions in smart city, judicial technology, financial technology, enterprise digital transformation, and smart transportation fields[32](index=32&type=chunk) - In the smart city sector, the company has undertaken replicable and scalable benchmark smart city projects in Guangdong, Hebei, Hunan, Sichuan, and Shanghai, such as the Beijing Smart Culture and Tourism Platform[33](index=33&type=chunk)[34](index=34&type=chunk) - In judicial technology, the company promoted standardized construction of comprehensive governance centers, optimized Shijiazhuang's 'One-Network-Access' system for dispute resolution, and fully adapted and transformed the 'CSRC Capital Market Legal Service Center Online Mediation Platform' for the China Securities Small and Medium Investor Service Center[35](index=35&type=chunk) - In financial technology, the company assists financial institutions in building enterprise-level IT support platforms, embracing new technology trends like large models, actively participating in the engineering implementation of large models in the financial industry, especially insurance, and providing industry-leading solutions for credit business, intelligent risk control, and bill business[36](index=36&type=chunk)[37](index=37&type=chunk) - In enterprise digital transformation, the company focuses on smart parks, smart heating networks, smart medical insurance, smart education, and State Grid digitalization, building a smart operation center for the Capital International Exhibition Center (New National Exhibition Phase II project), with its smart heating project selected for the '2025 National Enterprise Digital Transformation and Empowerment Excellent Case List'[40](index=40&type=chunk) - In smart transportation, the company collaborates deeply with ecological partners to jointly develop a comprehensive integrated operation platform based on core technologies such as big data, large models, IoT, digital twin, and AI algorithms, centered on the HarmonyOS operating system and domestic all-in-one products, aiming to gradually replace the monopolistic position of foreign PLC controllers in the transportation industry[41](index=41&type=chunk) - New energy business achieved steady growth, with **9 distributed photovoltaic power generation projects** completed by the end of the reporting period, totaling **13.5 MW** installed capacity. Photovoltaic power generation revenue in the first half was **RMB 3.54 million**, an increase of **105.8%** year-on-year; photovoltaic net profit was **RMB 1.536 million**, an increase of **89.6%** year-on-year[42](index=42&type=chunk) - The company's project construction is steadily advancing, with the civil engineering for Phase II of the Changshan Cloud Data Center project completed and filed, and the company closely monitors the development of AI and supercomputing, continuously increasing investment attraction efforts[45](index=45&type=chunk) [II. Analysis of Core Competencies](index=12&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core competencies include deep strategic cooperation with industry giants like Huawei, continuous R&D investment and technological innovation (with **749 software copyrights** and multiple patents), a nationwide marketing network, an experienced talent team, and multiple top-tier industry qualifications - The company is one of Huawei's important core strategic partners, collaborating on joint solutions and market expansion across multiple industries and formats, including smart cities, central and state-owned enterprise digital transformation, financial innovation, smart parks, localized and controllable solutions, energy, and transportation[46](index=46&type=chunk) - In 2025, Beiming Software was awarded multiple honors by Huawei, including 'Meritorious Partner Award,' 'Excellent ISV Partner Award,' 'Ten-Year Companion Partner Award,' and 'Best Digital Transformation Service Award'[47](index=47&type=chunk) - The company adheres to an innovation-driven philosophy, establishing a technology research institute and six R&D bases in Beijing, Guangzhou, Shanghai, Nanjing, Wuhan, and Chengdu, while also building close industry-university-research cooperation relationships with key universities like Peking University and Sun Yat-sen University[47](index=47&type=chunk) - The company deeply cultivates the marketization of data elements and digital transformation, building full-process service capabilities covering data 'resourcification-productization-assetization-capitalization'[48](index=48&type=chunk) - The company's ERP service team has over ten years of ERP industry service experience in the banking, insurance, and energy sectors, and is one of the first ecological partners for Huawei MetaERP[50](index=50&type=chunk) - The company continuously increases R&D investment and capability building in the large model domain, improving its technology system around information innovation requirements and promoting the platform-based and integrated development of large model applications[51](index=51&type=chunk) - As of the end of the reporting period, the company has obtained **749 software copyrights**, **32 invention patents**, and **2 utility model patents** in technology fields such as cloud computing, big data, and mobile internet, and participated in drafting **3 national standards**[52](index=52&type=chunk) - The company has established a three-tier marketing and service network consisting of national centers, regional sub-centers, and operation and maintenance service outlets, with senior executives having an average of over **15 years** of experience in the IT industry, and all technical leaders holding senior professional titles[52](index=52&type=chunk)[53](index=53&type=chunk) - The company holds qualifications such as key software enterprise within national planning and layout, high-tech enterprise, and top-tier industry qualifications like Information System Construction and Service Capability Outstanding Level (CS5) and Grade A for Building Intelligent System Design, and has passed multiple international standard certifications including CMMI Level 5 and ISO9001[54](index=54&type=chunk) [III. Main Business Analysis](index=14&type=section&id=III.%20Main%20Business%20Analysis) The company's main business has shifted to software, with operating revenue increasing by **30.77%** year-on-year during the reporting period, primarily due to the growth in integration-related businesses, while textile business revenue decreased by **100%** due to divestiture, and internet and operator, South China, and East China business revenues grew significantly - Since November 2024, the company has divested its textile segment, changing its main business from dual software and textile operations to solely software[56](index=56&type=chunk) Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (RMB) | Prior Period (RMB) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 3,721,501,733.42 | 2,845,828,484.56 | 30.77% | Primarily due to increased revenue from integration-related businesses in the current period | | Operating Cost | 3,312,478,667.05 | 2,560,239,061.32 | 29.38% | | | Selling Expenses | 106,987,759.36 | 116,076,883.49 | -7.83% | | | Administrative Expenses | 163,022,632.18 | 219,975,856.17 | -25.89% | | | Financial Expenses | 104,506,969.03 | 112,382,274.81 | -7.01% | | | Income Tax Expense | 6,131,953.96 | -10,475,815.09 | 158.53% | Primarily due to increased total profit and deferred income tax expense in the current period | | R&D Investment | 127,438,318.32 | 88,883,152.94 | 43.38% | Primarily due to increased R&D investment in the current period | | Net Cash Flow from Operating Activities | -787,948,845.09 | -1,253,703,441.04 | 37.15% | Primarily due to increased sales revenue in the current period | | Net Cash Flow from Investing Activities | -863,773,163.56 | -97,473,377.13 | -786.16% | Primarily due to increased investment in computing power service equipment procurement and project construction in the current period | | Net Cash Flow from Financing Activities | 1,291,035,081.85 | -512,382,608.23 | 351.97% | Primarily due to increased borrowings and finance lease payables in the current period | | Net Increase in Cash and Cash Equivalents | -360,405,028.24 | -1,863,105,040.22 | 80.66% | Primarily due to increased net cash flow from operating activities and financing activities compared to the prior year | Operating Revenue Composition (By Industry, Product, Region) | Category | Current Period Amount (RMB) | Proportion of Operating Revenue | Prior Period Amount (RMB) | Proportion of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry:** | | | | | | | Software and Information Technology Services | 3,721,501,733.42 | 100.00% | 2,117,936,562.81 | 74.42% | 75.71% | | Textile Industry | | | 727,891,921.75 | 25.58% | -100.00% | | **By Product:** | | | | | | | System Integration and Industry Solution Services | 3,198,184,492.81 | 85.94% | 1,519,836,650.79 | 53.41% | 110.43% | | Value-Added Sales of Agency Products | 59,887,830.10 | 1.61% | 35,116,564.33 | 1.23% | 70.54% | | Customized Software and Services | 438,202,104.76 | 11.77% | 534,611,632.54 | 18.79% | -18.03% | | Grey Fabric | | | 169,849,112.20 | 5.97% | -100.00% | | Cotton Yarn | | | 311,621,356.03 | 10.95% | -100.00% | | Other | 25,227,305.75 | 0.68% | 274,793,168.67 | 9.65% | -90.82% | | **By Region:** | | | | | | | North China | 1,770,389,578.22 | 47.57% | 1,623,223,801.91 | 57.04% | 9.07% | | East China | 507,982,127.92 | 13.65% | 536,676,504.93 | 18.86% | -5.35% | | South China | 898,035,770.30 | 24.13% | 356,252,580.08 | 12.52% | 152.08% | | Other Regions | 545,094,256.98 | 14.65% | 329,675,597.64 | 11.58% | 65.34% | Gross Margin by Customer Industry, Product, and Region | Category | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Margin | Year-on-Year Change in Operating Revenue | Year-on-Year Change in Operating Cost | Year-on-Year Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **By Customer Industry:** | | | | | | | | Internet and Operators | 1,854,514,488.49 | 1,719,326,427.31 | 7.29% | 645.70% | 750.40% | -11.41% | | Finance | 1,103,645,397.39 | 951,529,504.77 | 13.78% | 27.29% | 26.84% | 0.31% | | Other | 763,341,847.54 | 641,622,734.97 | 15.95% | -23.84% | -25.63% | 2.03% | | **By Product:** | | | | | | | | System Integration and Industry Solutions | 3,198,184,492.81 | 2,925,964,340.51 | 8.51% | 110.43% | 114.80% | -1.86% | | Customized Software and Services | 438,202,104.76 | 311,422,560.47 | 28.93% | -18.03% | -21.15% | 2.81% | | **By Region:** | | | | | | | | North China | 1,770,389,578.22 | 1,569,282,001.10 | 11.36% | 21.19% | 23.82% | -1.88% | | East China | 507,982,127.92 | 414,516,707.19 | 18.40% | 224.78% | 197.66% | 7.44% | | South China | 898,035,770.30 | 841,244,674.98 | 6.32% | 248.52% | 297.57% | -11.56% | - Procurement costs increased by **86.58%** year-on-year, primarily due to the company's increased revenue and a corresponding change in costs during the period[66](index=66&type=chunk) [IV. Non-Core Business Analysis](index=16&type=section&id=IV.%20Non-Core%20Business%20Analysis) The company's non-core businesses had some impact on total profit, with government relocation subsidies being a significant source of other income, while credit impairment losses negatively affected total profit Impact of Non-Core Business on Total Profit | Item | Amount (RMB) | Proportion of Total Profit | Explanation of Cause | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 358,763.22 | -0.41% | Of which, investment income from long-term equity investments accounted for by equity method 122,057.39 RMB; investment income from Bank of Communications share dividends and disposals 236,705.83 RMB | Investment income from long-term equity investments accounted for by equity method is sustainable | | Gains and losses from fair value changes | -247,113.87 | 0.28% | Fair value changes of Bank of Communications shares | No | | Asset impairment | 1,818,817.77 | -2.06% | Provision for impairment of contract assets | No | | Non-operating income | 67,056.81 | -0.08% | | No | | Non-operating expenses | 3,660,642.81 | -4.16% | Of which, project liquidated damages 1,335,374.22 RMB; fines and forfeitures 978,687.15 RMB; donation expenses 390,000 RMB | No | | Other income | 40,433,422.97 | -45.90% | Of which, government relocation subsidies 33,326,239.41 RMB. The 'Enterprise and Public Institution State-owned Land Use Right Acquisition (Repurchase) Contract' signed by the company and Shijiazhuang Land Reserve Center stipulates: "In accordance with the relevant requirements of the 'Notice on Further Improving the Relocation of Polluting Industrial Enterprises in Our City,' land compensation shall be provided according to the land compensation standard stipulated in the 'Implementation Opinions on the Relocation and Transformation of Polluting Industrial Enterprises in the Main Urban Area of Shijiazhuang City' (Shi Zheng Gui [2018] No. 15), i.e., 60% of the total land transfer price shall be compensated to the enterprise. The compensation fees include land and above-ground buildings (structures) compensation fees, and no additional funds will be accrued (in extremely special circumstances, if the total fund exceeds 40% of the total price, the excess part will be deducted from the enterprise compensation). The land acquisition compensation fund is used to support enterprise relocation and transformation." During the reporting period, the company recognized 0.33 billion RMB in government relocation subsidies, all recorded as other income | Yes | | Credit impairment losses | -20,112,286.59 | 22.83% | Provision for bad debts of accounts receivable and other receivables | No | [V. Analysis of Assets and Liabilities](index=17&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets increased by **6.68%** year-on-year, mainly due to a significant increase in outstanding orders and fixed asset investments, with inventory, fixed assets, and contract liabilities increasing significantly, while monetary funds and accounts receivable decreased, and the company's liability structure was optimized, with an increase in long-term borrowings Significant Changes in Asset Composition | Item | Amount at End of Current Reporting Period (RMB) | Proportion of Total Assets | Amount at End of Prior Year (RMB) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 1,812,138,050.37 | 10.35% | 2,171,264,039.48 | 13.23% | -2.88% | Primarily due to a significant increase in outstanding orders and increased fixed asset investments, leading to an increase in total assets compared to the end of the prior year | | Accounts Receivable | 2,922,778,227.55 | 16.69% | 3,143,187,778.45 | 19.15% | -2.46% | Primarily due to collection of payments in the current period | | Contract Assets | 181,484,324.69 | 1.04% | 246,634,419.43 | 1.50% | -0.46% | | | Inventory | 2,829,964,850.79 | 16.16% | 2,022,666,120.05 | 12.32% | 3.84% | Primarily due to some of the company's integration and software development businesses not yet completing installation and debugging or customer acceptance | | Investment Properties | 810,712,586.72 | 4.63% | 806,762,082.47 | 4.91% | -0.28% | | | Long-Term Equity Investments | 159,671,423.10 | 0.91% | 161,949,365.71 | 0.99% | -0.08% | | | Fixed Assets | 1,809,961,549.80 | 10.34% | 1,055,502,028.08 | 6.43% | 3.91% | Primarily due to the acquisition of computing power service equipment and the completion and transfer of some construction-in-progress projects to fixed assets in the current period | | Construction in Progress | 363,474,553.56 | 2.08% | 212,284,496.99 | 1.29% | 0.79% | | | Right-of-Use Assets | 60,926,661.45 | 0.35% | 69,170,056.85 | 0.42% | -0.07% | | | Short-Term Borrowings | 4,098,642,051.70 | 23.40% | 3,726,796,717.12 | 22.70% | 0.70% | | | Contract Liabilities | 2,207,370,858.90 | 12.60% | 1,504,266,592.14 | 9.16% | 3.44% | Primarily due to an increase in signed but unfulfilled software business projects in the current period | | Long-Term Borrowings | 1,614,267,029.17 | 9.22% | 1,087,528,658.91 | 6.63% | 2.59% | Primarily due to an increase in project loans and an increase in long-term borrowings to optimize the liability structure in the current period | | Lease Liabilities | 40,320,544.37 | 0.23% | 44,074,607.70 | 0.27% | -0.04% | | | Other Receivables | 2,291,105,767.76 | 13.08% | 2,248,805,360.55 | 13.70% | -0.62% | | | Notes Payable | 535,188,941.82 | 3.06% | 567,293,567.32 | 3.46% | -0.40% | | | Non-Current Liabilities Due Within One Year | 995,978,677.36 | 5.69% | 897,911,188.67 | 5.47% | 0.22% | | | Deferred Income | 220,003,854.81 | 1.26% | 255,768,591.06 | 1.56% | -0.30% | | Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (RMB) | Fair Value Change Gains/Losses for the Period (RMB) | Amount Sold During the Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 11,294,557.47 | -247,113.87 | 11,047,443.60 | 0.00 | | Other Equity Instrument Investments | 27,756,945.00 | 0.00 | 0.00 | 27,756,945.00 | | Receivables Financing | 77,985,558.55 | 0.00 | 64,127,082.84 | 13,858,475.71 | | **Total** | **117,037,061.02** | **-247,113.87** | **75,174,526.44** | **41,615,420.71** | Asset Rights Restricted as of the End of the Reporting Period | Item | Carrying Amount at Period End (RMB) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 173,184,705.56 | Notes, letter of guarantee deposits, customs deposits, and others | | Fixed Assets | 801,848,779.97 | Project loan mortgage, sale-leaseback equipment | | Investment Properties | 254,020,427.77 | Project loan mortgage | | Construction in Progress | 114,371,961.28 | Project loan mortgage | | Intangible Assets | 231,971,341.75 | Project loan mortgage | | **Total** | **1,575,397,216.33** | | [VI. Analysis of Investment Status](index=19&type=section&id=VI.%20Analysis%20of%20Investment%20Status) During the reporting period, the company's investment amount significantly increased by **799.18%**, primarily in non-equity investment projects such as the Changshan Cloud Data Center and Shenze County Wind Power Project, demonstrating continuous investment in infrastructure and new energy sectors Investment Amount During the Reporting Period | Indicator | Amount (RMB) | | :--- | :--- | | Investment Amount for the Reporting Period | 878,043,974.59 | | Investment Amount for the Prior Period | 97,649,859.53 | | Change Percentage | 799.18% | Significant Non-Equity Investments in Progress During the Reporting Period | Project Name | Investment Method | Is it Fixed Asset Investment | Cumulative Actual Investment Amount as of End of Reporting Period (RMB) | Project Progress | Estimated Return (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | | Changshan Cloud Data Center Project | Self-built | Yes | 300,422,213.11 | 50.07% | 66,070,000.00 | | Shenze County Wind Power Project | Self-built | Yes | 191,874,966.77 | 31.98% | 24,900,000.00 | | **Total** | | | **492,297,179.88** | | **90,970,000.00** | - The company had no securities investments during the reporting period[79](index=79&type=chunk) - The company had no derivative investments during the reporting period[80](index=80&type=chunk) [VII. Significant Asset and Equity Disposals](index=20&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Disposals) The company did not undertake any significant asset or equity disposals during the reporting period - The company did not dispose of significant assets during the reporting period[82](index=82&type=chunk) - The company did not dispose of significant equity during the reporting period[83](index=83&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=20&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Wholly-owned subsidiary Beiming Software continued to strengthen its market share in finance, central and state-owned enterprises, internet, and government sectors during the reporting period, achieving steady business revenue growth and significantly improved operating efficiency, with the company absorbing and merging Shijiazhuang Changshan Property Service Co., Ltd., deregistering Beiming Software (Wuhan) Co., Ltd., and establishing VELTECH USA, INC Financial Data of Major Subsidiary Beiming Software Co., Ltd. | Indicator | Amount (RMB) | | :--- | :--- | | Registered Capital | 738,700,000.00 | | Total Assets | 9,385,601,070.40 | | Net Assets | 2,315,052,614.53 | | Operating Revenue | 3,278,888,409.49 | | Operating Profit | 9,365,578.68 | | Net Profit | 161,021.01 | - During this period, the company's wholly-owned subsidiary Beiming Software continued to strengthen its efforts in finance, central and state-owned enterprises, internet, and government sectors, while also actively expanding into emerging fields such as cloud computing and big data, continuously increasing market share, achieving steady business revenue growth, and significantly improving operating efficiency[84](index=84&type=chunk) Acquisition and Disposal of Subsidiaries During the Reporting Period | Company Name | Method of Acquisition and Disposal of Subsidiaries During the Reporting Period | Impact on Overall Production, Operations, and Performance | | :--- | :--- | :--- | | Shijiazhuang Changshan Property Service Co., Ltd. | Absorption Merger | Impact on Net Profit 0.00 RMB 10,000 | | Beiming Software (Wuhan) Co., Ltd. | Deregistration | Impact on Net Profit 5.61 RMB 10,000 | | VELTECH USA, INC | Establishment | Impact on Net Profit -0.01 RMB 10,000 | [IX. Structured Entities Controlled by the Company](index=20&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company had no structured entities under its control during the reporting period[85](index=85&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=20&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks such as professional talent shortage, operational fluctuations (seasonality), technological innovation, industry competition, and goodwill impairment, and has formulated corresponding countermeasures, including strengthening talent teams, optimizing management processes, increasing technology reserves and innovation investment, improving R&D mechanisms, and establishing performance appraisal and incentive mechanisms - Risk of professional talent shortage: As the company's software business expands, there is a relative lack of experienced and technically capable professional and management talent in the industry[86](index=86&type=chunk) - Countermeasure: Strengthen talent team building, optimize organizational structure, and solidify the foundation for sustainable development[87](index=87&type=chunk) - Risk of operational fluctuations: The company's software business operations exhibit seasonal characteristics, with project collections and revenue recognition primarily occurring in the fourth quarter[87](index=87&type=chunk) - Countermeasure: Effectively improve profit margins by further optimizing management processes and cost control; continuously improve the company's internal control system construction and strengthen internal audit supervision; optimize cost control procedures and strengthen asset compliance management; manage project risks well and reduce project settlement risks[87](index=87&type=chunk) - Risk of technological innovation: The rapid popularization of emerging technologies (AIGC, cloud computing, big data, etc.) and fast-iterating customer demands pose numerous challenges to the company's technological innovation efforts[88](index=88&type=chunk) - Countermeasure: Vigorously strengthen technology reserves and increase talent acquisition to comprehensively enhance the company's ability to keenly capture and respond to new technologies; closely focus on the latest market trends and actual customer needs, fully leverage innovative thinking, meticulously create products of superior quality, and formulate comprehensive, personalized solutions[88](index=88&type=chunk) - Risk of industry competition: The software and information technology services industry is mature, and competition is particularly fierce[88](index=88&type=chunk) - Countermeasure: The company will continuously improve its innovative R&D mechanism, build a multi-level technical talent cultivation system, deepen the collaborative innovation network of industry-university-research-application, and enhance the differentiation and scenario adaptability of solutions through strategic resource integration[89](index=89&type=chunk) - Risk of goodwill impairment: Goodwill arising from business combinations totaled **RMB 2.172 billion**, with a net carrying amount of **RMB 1.912 billion** as of the end of the reporting period, accounting for **10.92%** of total assets. If the target company's operating performance falls short of expectations, it may lead to goodwill impairment[90](index=90&type=chunk) - Countermeasure: To mitigate the aforementioned goodwill impairment risk, the company has established effective performance appraisal and incentive mechanisms to fully motivate the target company's management. The company has also formulated long-term development strategies and short-term operating plans, which are being implemented systematically to maintain the target company's sustained competitiveness. Concurrently, goodwill arising from mergers and acquisitions will be strictly accounted for in accordance with accounting standards[90](index=90&type=chunk) [XI. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=21&type=section&id=XI.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company did not disclose a market value management system or a valuation enhancement plan - The company has not formulated a market value management system[91](index=91&type=chunk) - The company has not disclosed a valuation enhancement plan[92](index=92&type=chunk) [XII. Implementation of 'Dual Improvement in Quality and Returns' Action Plan](index=22&type=section&id=XII.%20Implementation%20of%20%27Dual%20Improvement%20in%20Quality%20and%20Returns%27%20Action%20Plan) The company did not disclose an announcement regarding the 'Dual Improvement in Quality and Returns' action plan - The company has not disclosed an announcement regarding the 'Dual Improvement in Quality and Returns' action plan[93](index=93&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=22&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section discloses changes in the company's directors, supervisors, and senior management, and reiterates the plan not to distribute profits, while also highlighting the company's efforts in improving governance structure, operating with integrity, safeguarding employee rights, and actively fulfilling social responsibilities, such as donations and environmental contributions [I. Changes in Company Directors, Supervisors, and Senior Management](index=22&type=section&id=I.%20Changes%20in%20Company%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, the company's board of directors, supervisory board, and senior management underwent multiple personnel changes, including Zhang Weiyang's election as chairman, and the election of Chi Dongmei, Xia Linlin, Zhai Jianqiang, Zhou Lin, Zhang Yongze, Li Xiaosheng, Niu Zhiyuan as directors or deputy general managers, while former chairman Mi Yong, former independent directors Cai Weimin, Li Wanjun, and others resigned due to work transfers or personal reasons - Zhang Weiyang was elected as Chairman (April 3, 2025)[94](index=94&type=chunk) - Chi Dongmei, Xia Linlin, and Zhang Yongze were elected as directors, and Li Xiaosheng and Niu Zhiyuan were elected as deputy general managers (July 18, 2025)[94](index=94&type=chunk) - Former Chairman Mi Yong resigned on March 17, 2025, due to work transfer[94](index=94&type=chunk) - Several former directors, independent directors, supervisors, and deputy general managers resigned due to the expiration of their terms or personal reasons[94](index=94&type=chunk) [II. Profit Distribution and Capital Reserve to Share Capital Conversion for the Current Reporting Period](index=22&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Conversion%20for%20the%20Current%20Reporting%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period - The company plans not to distribute cash dividends for the semi-annual period[95](index=95&type=chunk) - The company plans not to issue bonus shares[95](index=95&type=chunk) - The company plans not to convert capital reserves into share capital[95](index=95&type=chunk) [III. Implementation of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=22&type=section&id=III.%20Implementation%20of%20Company%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[96](index=96&type=chunk) [IV. Environmental Information Disclosure](index=22&type=section&id=IV.%20Environmental%20Information%20Disclosure) The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[97](index=97&type=chunk) [V. Social Responsibility](index=23&type=section&id=V.%20Social%20Responsibility) The company actively fulfills its social responsibilities in corporate governance, lawful and honest operation, protection of employee rights, and community welfare, and contributes to environmental protection through photovoltaic projects - The company continuously improves its governance structure and strictly manages operations, with no illegal guarantees, unauthorized occupation of funds by related parties, insider trading, or other acts that harm the interests of investors, creditors, and other stakeholders[98](index=98&type=chunk) - The company operates lawfully and with integrity, establishing harmonious and win-win cooperative relationships with upstream and downstream customers[98](index=98&type=chunk) - The company strictly adheres to the 'Labor Contract Law' by signing labor contracts with employees, paying various social insurances according to national regulations, and respecting all employee rights[98](index=98&type=chunk) - The company responds to government calls, actively participates in community activities, has successively donated to Peking University, and contributed to Tibet earthquake relief, fulfilling its corporate social responsibility through concrete actions[98](index=98&type=chunk) - The company actively fulfills its social responsibility around the 'dual carbon' goals; its completed photovoltaic projects have cumulatively saved approximately **12,433 tons** of standard coal, reduced carbon dioxide emissions by approximately **14,764 tons**, and are equivalent to planting approximately **20,174 trees**[98](index=98&type=chunk) [Section V Significant Matters](index=24&type=section&id=Section%20V%20Significant%20Matters) This section discloses that the company had no unfulfilled commitments, no non-operating fund occupation by controlling shareholders or related parties, no illegal external guarantees, no bankruptcy reorganization, and no major lawsuits or arbitrations during the reporting period, detailing daily related-party transactions, significant related-party transactions (asset swaps and guarantee fee payments), and leasing and major guarantee situations, also explaining other important matters such as subsidiary guarantees and board personnel changes [I. Commitments Fulfilled and Overdue Unfulfilled by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=24&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20by%20the%20Company%27s%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) During the reporting period, the company had no commitments fulfilled or overdue unfulfilled by its actual controller, shareholders, related parties, acquirers, or the company itself - During the reporting period, the company had no commitments fulfilled or overdue unfulfilled by its actual controller, shareholders, related parties, acquirers, or the company itself[100](index=100&type=chunk) [II. Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties of the Listed Company](index=24&type=section&id=II.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20of%20the%20Listed%20Company) During the reporting period, there was no non-operating fund occupation by controlling shareholders and other related parties of the listed company - During the reporting period, there was no non-operating fund occupation by controlling shareholders and other related parties of the listed company[101](index=101&type=chunk) [III. Illegal External Guarantees](index=24&type=section&id=III.%20Illegal%20External%20Guarantees) The company had no illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[102](index=102&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=24&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[103](index=103&type=chunk) [V. Board of Directors' Explanation on 'Non-Standard Audit Report' for the Current Reporting Period](index=24&type=section&id=V.%20Board%20of%20Directors%27%20Explanation%20on%20%27Non-Standard%20Audit%20Report%27%20for%20the%20Current%20Reporting%20Period) The company had no non-standard audit report during the reporting period - The company had no non-standard audit report during the reporting period[104](index=104&type=chunk) [VI. Board of Directors' Explanation on 'Non-Standard Audit Report' for the Prior Year](index=24&type=section&id=VI.%20Board%20of%20Directors%27%20Explanation%20on%20%27Non-Standard%20Audit%20Report%27%20for%20the%20Prior%20Year) The company had no non-standard audit report during the reporting period - The company had no non-standard audit report during the reporting period[104](index=104&type=chunk) [VII. Bankruptcy and Reorganization Matters](index=24&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) The company did not experience any bankruptcy or reorganization matters during the reporting period - The company did not experience any bankruptcy or reorganization matters during the reporting period[104](index=104&type=chunk) [VIII. Litigation Matters](index=24&type=section&id=VIII.%20Litigation%20Matters) The company had no major litigation or arbitration matters during the reporting period - The company had no major litigation or arbitration matters during the current reporting period[105](index=105&type=chunk) [IX. Penalties and Rectification](index=25&type=section&id=IX.%20Penalties%20and%20Rectification) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[106](index=106&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=25&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) The company reported no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period - The company reported no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period[107](index=107&type=chunk) [XI. Significant Related-Party Transactions](index=28&type=section&id=XI.%20Significant%20Related-Party%20Transactions) The company engaged in daily operating related-party transactions during the reporting period, primarily involving commodity sales and purchases and labor services, with pricing based on independent transaction principles, and additionally, the company completed its 2024 asset swap and paid guarantee fees to its controlling shareholder - The company has daily related-party transactions with Shijiazhuang Changshan Hengxin Textile Co., Ltd., Shijiazhuang Changshan Hengrong Import and Export Trade Co., Ltd., and other related parties, involving sales and purchases of goods, housing leases, and property services[107](index=107&type=chunk)[108](index=108&type=chunk)[109](index=109&type=chunk) - The pricing principle for related-party transactions is the independent transaction principle or market price[107](index=107&type=chunk)[108](index=108&type=chunk)[109](index=109&type=chunk) - Related-party transactions for sales of goods and provision of services totaled **RMB 21.8821 million** in the current reporting period, and related-party transactions for purchases of goods and acceptance of services totaled **RMB 0.3199 million**, both within the scope authorized by the general meeting of shareholders[109](index=109&type=chunk) - In 2024, the company conducted an asset swap, exchanging 100% equity of its wholly-owned subsidiary Shijiazhuang Changshan Hengxin Textile Co., Ltd. for 100% equity of Nengtou Company and 80% equity of Smart Industry held by Changshan Group's subsidiaries[115](index=115&type=chunk) - On April 29, 2025, the company approved the 'Proposal on Paying Guarantee Fees to the Controlling Shareholder and Related-Party Transactions.' Changshan Group will provide joint and several liability guarantees for the company's bank loans or other financing methods totaling no more than **RMB 1.5 billion** in 2025. The company will pay guarantee fees to Changshan Group at an annualized rate of **2.93‰** based on the maximum guaranteed amount committed by Changshan Group, with an annual cumulative total not exceeding **RMB 4.4 million** (including tax)[115](index=115&type=chunk) - The company had no related-party transactions involving asset or equity acquisitions or disposals during the reporting period[110](index=110&type=chunk) - The company had no related-party transactions involving joint external investments during the reporting period[111](index=111&type=chunk) - The company had no related-party creditor-debt relationships during the reporting period[112](index=112&type=chunk) [XII. Significant Contracts and Their Performance](index=31&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) The company engaged in leasing as both lessor and lessee during the reporting period and disclosed multiple significant guarantees where the company and its subsidiaries acted as guarantors and guaranteed parties, with the actual total guarantee amount accounting for **46.87%** of the company's net assets Leasing Situation as Lessor | Lessee Name | Type of Leased Asset | Lease Income Recognized in Current Period (RMB) | Lease Income Recognized in Prior Period (RMB) | | :--- | :--- | :--- | :--- | | Shijiazhuang Zili High School Co., Ltd. | Office building, buildings and structures, land | 5,430,994.46 | 5,151,785.71 | | Shijiazhuang Penglai Hotel Management Co., Ltd. | Office building | 1,270,315.60 | 1,270,315.60 | | Supply and Marketing Cold Chain Logistics (Shijiazhuang) Co., Ltd. | Buildings and structures | 763,332.84 | 878,616.37 | | Shijiazhuang Youer Education Technology Co., Ltd. | Office building | 609,825.25 | 595,022.86 | | Shijiazhuang Qianyuan Hotel Management Co., Ltd. | Office building | 586,078.90 | 613,601.83 | Leasing Situation as Lessee | Lessor Name | Type of Leased Asset | Amount Incurred in Current Period (RMB) | Amount Incurred in Prior Period (RMB) | | :--- | :--- | :--- | :--- | | Beijing Juzhong Jiyue Enterprise Management Co., Ltd. | Office building | 8,973,061.26 | 9,482,819.74 | | Guangzhou Mobile Technology Co., Ltd. | Office building | 2,219,628.20 | 1,901,023.55 | | Shijiazhuang Changshan Hengxin Textile Co., Ltd. | Warehouse | 225,685.74 | | | Shijiazhuang Changshan Textile Group Co., Ltd. | Office building | 20,374.80 | | - The company and its subsidiaries had **no external guarantees** (excluding guarantees to subsidiaries)[122](index=122&type=chunk) - As of the end of the reporting period, the total approved guarantee limit for subsidiaries was **RMB 2.8 billion**, with an actual guarantee balance of **RMB 2.1447215 billion**[123](index=123&type=chunk) - As of the end of the reporting period, the total approved guarantee limit for subsidiaries to other subsidiaries was **RMB 793 million**, with an actual guarantee balance of **RMB 329.3454 million**[123](index=123&type=chunk)[124](index=124&type=chunk) - The actual total guarantee amount (A4+B4+C4) accounted for **46.87%** of the company's net assets[124](index=124&type=chunk) - Of this, the debt guarantee balance provided directly or indirectly to guaranteed parties with an asset-liability ratio exceeding **70%** was **RMB 1.9805033 billion**[124](index=124&type=chunk) - The company had no entrusted wealth management during the reporting period[125](index=125&type=chunk) - The company had no other significant contracts during the reporting period[126](index=126&type=chunk) [XIII. Explanation of Other Significant Matters](index=31&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) The company disclosed loan guarantee matters for its subsidiary Nengtou New Energy, as well as the resignations of the former chairman and independent directors, and the election of the new chairman - The company's wholly-owned subsidiary Nengtou New Energy plans to borrow **RMB 483 million** from Hebei Bank Shijiazhuang Branch for a term of **16 years**, with Nengtou Company providing joint and several liability guarantees[127](index=127&type=chunk) - On March 17, 2025, the company's board of directors received written resignation letters from former Chairman Mr. Mi Yong, former independent director Mr. Li Wanjun, and Mr. Cai Weimin[128](index=128&type=chunk) - The company held the 41st meeting of the 8th Board of Directors on March 18, 2025, and the first extraordinary general meeting of shareholders and the 42nd meeting of the 8th Board of Directors on April 3, 2025, completing the election of the company's chairman and some independent directors[128](index=128&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=31&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) The company had no significant matters concerning its subsidiaries during the reporting period - The company had no other significant contracts during the reporting period[129](index=129&type=chunk) [Section VI Share Changes and Shareholder Information](index=32&type=section&id=Section%20VI%20Share%20Changes%20and%20Shareholder%20Information) This section details the company's share changes during the reporting period, with a decrease in restricted shares and an increase in unrestricted shares, also listing the total number of common shareholders and the shareholding of the top ten shareholders at the end of the reporting period, with controlling shareholder Shijiazhuang Changshan Textile Group Co., Ltd. holding **28.60%** [I. Share Change Situation](index=33&type=section&id=I.%20Share%20Change%20Situation) During the reporting period, the company's restricted shares decreased by **128,889 shares**, and unrestricted shares increased by **128,889 shares**, while the total number of shares remained unchanged, primarily due to the release of restricted shares of resigned senior executives Share Change Situation | Item | Number Before This Change (shares) | Increase/Decrease in This Change (shares) | Number After This Change (shares) | | :--- | :--- | :--- | :--- | | Restricted Shares | 10,813,364 | -128,889 | 10,684,475 | | Unrestricted Shares | 1,587,803,357 | 128,889 | 1,587,932,246 | | Total Shares | 1,598,616,721 | 0 | 1,598,616,721 | Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Restricted Shares Released in Current Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | Date of Release from Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Xiao Rongzhi | 42,802 | 42,802 | 0 | Resigned senior executive subject to director, supervisor, and senior management share restriction rules | April 26, 2025 | | Wang Huijun | 19,402 | 19,402 | 0 | Resigned senior executive subject to director, supervisor, and senior management share restriction rules | April 26, 2025 | | Ma Xiaofeng | 4,875 | 4,875 | 0 | Resigned senior executive subject to director, supervisor, and senior management share restriction rules | April 26, 2025 | | Liu Hui | 25,220 | 25,220 | 0 | Resigned senior executive subject to director, supervisor, and senior management share restriction rules | April 26, 2025 | | Xue Jianchang | 31,590 | 31,590 | 0 | Resigned senior executive subject to director, supervisor, and senior management share restriction rules | April 26, 2025 | | Deng Zhongbin | 5,000 | 5,000 | 0 | Resigned senior executive subject to director, supervisor, and senior management share restriction rules | April 26, 2025 | | **Total** | **128,889** | **128,889** | **0** | | | [II. Securities Issuance and Listing](index=33&type=section&id=II.%20Securities%20Issuance%20and%20Listing) The company had no securities issuance or listing during the reporting period - The company had no securities issuance or listing during the reporting period[135](index=135&type=chunk) [III. Number of Shareholders and Shareholding](index=34&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding) At the end of the reporting period, the total number of common shareholders was **429,427**, with controlling shareholder Shijiazhuang Changshan Textile Group Co., Ltd. holding **28.60%**, making it the largest shareholder - Total number of common shareholders at the end of the reporting period: **429,427**[136](index=136&type=chunk) Shareholding of Shareholders Holding 5% or More or Top 10 Shareholders at End of Reporting Period | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held at End of Reporting Period (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shijiazhuang Changshan Textile Group Co., Ltd. | State-owned legal person | 28.60% | 457,183,585 | 0 | 457,183,585 | | Beijing Beiming Weiye Holding Co., Ltd. | Domestic non-state-owned legal person | 7.16% | 114,395,220 | 0 | 114,395,220 | | Hong Kong Securities Clearing Company Limited | Overseas legal person | 0.54% | 8,673,450 | 0 | 8,673,450 | | Ying Huajiang | Domestic natural person | 0.44% | 7,081,254 | 5,310,940 | 1,770,314 | | Li Feng | Domestic natural person | 0.44% | 7,049,354 | 5,287,015 | 1,762,339 | | Xu Jianming | Domestic natural person | 0.11% | 1,698,000 | 0 | 1,698,000 | | Jiang Huihui | Domestic natural person | 0.10% | 1,554,700 | 0 | 1,554,700 | | J. P. Morgan Securities PLC - Proprietary Funds | Overseas legal person | 0.09% | 1,379,718 | 0 | 1,379,718 | | Sun Jing | Domestic natural person | 0.08% | 1,348,640 | 0 | 1,348,640 | | Zheng Hongzhu | Domestic natural person | 0.08% | 1,312,300 | 0 | 1,312,300 | - Shijiazhuang Changshan Textile Group Co., Ltd. has no related-party relationship with other shareholders. Beijing Beiming Weiye Holding Co., Ltd., Li Feng, and Ying Huajiang are parties acting in concert[137](index=137&type=chunk) [IV. Changes in Shareholdings of Directors and Senior Management](index=35&type=section&id=IV.%20Changes%20in%20Shareholdings%20of%20Directors%20and%20Senior%20Management) The shareholdings of the company's directors and senior management did not change during the reporting period - The shareholdings of the company's directors and senior management did not change during the reporting period; details can be found in the 2024 annual report[139](index=139&type=chunk) [V. Changes in Controlling Shareholder or Actual Controller](index=35&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[140](index=140&type=chunk) - The company's actual controller remained unchanged during the reporting period[140](index=140&type=chunk) [VI. Preferred Share Information](index=36&type=section&id=VI.%20Preferred%20Share%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[141](index=141&type=chunk) [Section VII Bond-Related Matters](index=37&type=section&id=Section%20VII%20Bond-Related%20Matters) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[143](index=143&type=chunk) [Section VIII Financial Report](index=38&type=section&id=Section%20VIII%20Financial%20Report) This section includes the unaudited financial report, comprising consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, along with detailed notes to the financial statements, with the notes explaining the company's basic information, basis of financial statement preparation, significant accounting policies and estimates, taxation, notes to consolidated financial statement items, R&D expenses, changes in consolidation scope, equity in other entities, government grants, risks related to financial instruments, fair value disclosures, related parties and related-party transactions, commitments and contingencies, post-balance sheet events, other significant matters, and notes to parent company financial statement major items [I. Audit Report](index=38&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[145](index=145&type=chunk) [II. Financial Statements](index=54&type=section&id=II.%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025, reflecting the financial position and operating results at the end of the reporting period - Consolidated Balance Sheet: As of June 30, 2025, total assets were **RMB 17.513 billion**, total liabilities were **RMB 12.192 billion**, and owners' equity was **RMB 5.321 billion**[147](index=147&type=chunk)[149](index=149&type=chunk) - Consolidated Income Statement: For the first half of 2025, total operating revenue was **RMB 3.722 billion**, net profit was **RMB -94.231 million**, and net profit attributable to parent company shareholders was **RMB -92.994 million**[155](index=155&type=chunk)[156](index=156&type=chunk) - Consolidated Cash Flow Statement: Net cash flow from operating activities was **RMB -787.949 million**, net cash flow from investing activities was **RMB -863.773 million**, and net cash flow from financing activities was **RMB 1.291 billion**[160](index=160&type=chunk)[161](index=161&type=chunk) [III. Company Basic Information](index=56&type=section&id=III.%20Company%20Basic%20Information) Introduces the company's establishment, listing, share capital change history, name changes, registered address, legal representative, and business scope, clarifying that the largest shareholder is Shijiazhuang Changshan Textile Group Co., Ltd. - The company was officially registered and established on December 29, 1998, and listed on the Shenzhen Stock Exchange on July 24, 2000, with stock abbreviation 'Changshan Beiming' and stock code '**000158**'[177](index=177&type=chunk) - The company's total shar

Group 1 - The stock price of Changshan Beiming is reported at 23.40 yuan as of August 12, 2025, remaining unchanged from the previous trading day's closing price [1] - The opening price on the same day was 23.35 yuan, with a highest point of 23.64 yuan and a lowest point of 23.10 yuan, resulting in a fluctuation of 2.31% [1] - The total trading volume for the day was 687,148 hands, with a total transaction amount of 1.604 billion yuan [1] Group 2 - Changshan Beiming operates in a diversified industry sector, covering areas such as textile and apparel, as well as software and information technology [1] - The company's total market capitalization is 37.408 billion yuan, while the circulating market capitalization stands at 37.155 billion yuan [1] Group 3 - On August 12, the net outflow of main funds was 57.8408 million yuan, accounting for 0.16% of the circulating market capitalization [1] - Over the past five trading days, the cumulative net outflow reached 398 million yuan, representing 1.07% of the circulating market capitalization [1]

截至8月8日收盘，智谱AI概念下跌3.00%，位居概念板块跌幅榜前列，板块内，金现代、光云科技、因 赛集团等跌幅居前，股价上涨的有6只，涨幅居前的有德生科技、天源迪科、二六三等，分别上涨 10.02%、1.49%、0.66%。 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 新疆振兴 | 2.98 | 华为欧拉 | -3.08 | | 雅下水电概念 | 2.22 | 智谱AI | -3.00 | | 水泥概念 | 2.13 | ERP概念 | -3.00 | | 抽水蓄能 | 1.97 | 华为盘古 | -2.90 | | 芬太尼 | 1.62 | 云办公 | -2.82 | | 高压氧舱 | 1.57 | MLOps概念 | -2.81 | | 特钢概念 | 1.50 | DRG/DIP | -2.78 | | 动物疫苗 | 1.41 | 华为鲲鹏 | -2.55 | | 高铁 | 1.36 | 华为昇腾 | -2.54 | | 中船系 | 1.33 | 财税数字化 | -2.48 | 今日涨跌幅居前的概念板块 | 603019 | ...

Group 1 - The main focus of the news is on the significant outflow of capital from the top 20 stocks as of August 8, with specific amounts listed for each stock [1] - The stock with the highest capital outflow is SMIC, with an outflow of 855.6 million [1] - Other notable stocks with substantial outflows include Dongfang Caifu (-715 million), Changcheng Military Industry (-598 million), and Dongfang Jinggong (-544 million) [1] Group 2 - The total outflow amounts for the top 20 stocks indicate a trend of capital withdrawal from these companies, which may reflect broader market sentiments [1] - The data suggests that technology and defense-related stocks, such as SMIC and Changcheng Military Industry, are experiencing significant investor pullback [1] - The outflow figures highlight potential areas of concern for investors monitoring these specific stocks and sectors [1]

本文源自：金融界 作者：金股通 截至8月8日开盘一小时，主力资金流出前20的股票分别为：中芯国际（-4.73亿元）、天娱数科（-4.70 亿元）、寒武纪-U（-4.65亿元）、长城军工（-4.28亿元）、东方精工（-4.13亿元）、东方财富（-3.72 亿元）、华胜天成（-3.22亿元）、汉得信息（-3.01亿元）、鼎捷数智（-2.97亿元）、硕贝德（-2.94亿 元）、三博脑科（-2.87亿元）、用友网络（-2.49亿元）、常山北明（-2.40亿元）、东方国信（-2.39亿 元）、万兴科技（-2.39亿元）、赛力斯（-2.34亿元）、利德曼（-2.33亿元）、海立股份（-2.32亿 元）、指南针（-2.22亿元）、拓维信息（-2.19亿元）。 ...