Summary of Key Points Group 1: Market Overview - On July 24, a total of 84 stocks in the A-share market experienced block trading, with a total transaction value of 1.794 billion yuan [1] - The top three stocks by transaction value were Hotgen Biotech (1.33 billion yuan), SAIC Motor (1.05 billion yuan), and China National Machinery Industry Corporation (1.03 billion yuan) [1] Group 2: Price Transactions - Among the stocks traded, 11 stocks were transacted at par value, 2 stocks at a premium, and 71 stocks at a discount [1] - Minsheng Bank and Skyworth Digital had the highest premium rates at 0.39% and 0.09% respectively [1] - Guangxin Technology, Bio Valley, and Ruisheng Intelligent had the highest discount rates at 30.66%, 26.5%, and 22.25% respectively [1] Group 3: Institutional Buying - The top institutional buying amounts were led by Hotgen Biotech (1.33 billion yuan), XCMG Machinery (1.01 billion yuan), and Shennong Development (88.275 million yuan) [2] - Other notable institutional purchases included Jiejia Weichuang (67.7057 million yuan) and SAIC Motor (52.29 million yuan) [2] Group 4: Institutional Selling - The leading institutional selling amounts were from Hailiang Co., Ltd. (24.817 million yuan), Anning Co., Ltd. (13.2458 million yuan), and Northern Copper Industry (4.8536 million yuan) [3] - Other significant sales included Dongrui Co., Ltd. (4.375 million yuan) and Shengtong Co., Ltd. (4 million yuan) [3]

Core Viewpoint - The company Skye Digital is forecasting a significant decline in net profit for the first half of 2025, with expected earnings between 43 million to 63 million yuan, representing a decrease of 65.35% to 76.35% compared to the same period last year [2][5]. Financial Performance Summary - For the first half of 2025, the net profit attributable to shareholders is projected to be between 43 million and 63 million yuan, down from 181.82 million yuan in the same period last year, marking a decline of 76.35% to 65.35% [2][5]. - The net profit after excluding non-recurring gains and losses is expected to be between 37 million and 55 million yuan, compared to 155.95 million yuan last year, reflecting a decrease of 76.27% to 64.73% [2][5]. - Basic earnings per share are forecasted to be between 0.0377 yuan and 0.0552 yuan, down from 0.1593 yuan in the previous year [2][5]. Business Performance Overview - The company has faced declining performance in recent years, with 2023 revenue at 10.627 billion yuan, a year-on-year decrease of 11.5%, and a net profit of 602 million yuan, down 26.85% [6]. - In 2024, revenue further declined to 8.693 billion yuan, a drop of 18.2%, with net profit falling to 251 million yuan, down 58.34% [6]. - The first quarter of 2025 showed a revenue of 1.799 billion yuan, down 21.24%, and a net profit of 5.33 million yuan, a staggering decline of 94.98%, marking the largest quarterly profit drop in history [6]. Business Segment Analysis - The main business segments include smart terminals, professional displays, and operational services, with smart terminals accounting for over 70% of total revenue [7]. - In 2024, the smart terminal segment generated 6.558 billion yuan, a decrease of 16.59%, primarily due to a significant drop in product prices and insufficient market demand [7]. - The professional display segment reported revenue of 1.715 billion yuan, down 28.77%, while the operational services segment grew by 20.88% to 392 million yuan [8]. Future Outlook and Investments - The company is focusing on XR terminals and AI glasses as key growth areas, with plans to invest up to 932 million yuan in the second phase of its Huizhou industrial park project [8]. - The project aims to enhance production capacity for digital set-top boxes, network communication devices, and VR/MR/AR products, with total investments planned at 582 million yuan for one site and 350 million yuan for another [8].

Performance Forecast - The company expects a net profit attributable to shareholders of between 43 million to 63 million RMB, a decrease of 65.35% to 76.35% compared to the same period last year, which was 181.82 million RMB [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 37 million to 55 million RMB, down 64.73% to 76.27% from 155.95 million RMB in the previous year [1] - The basic earnings per share are estimated to be between 0.0377 RMB to 0.0552 RMB, compared to 0.1593 RMB in the same period last year [1] Reasons for Performance Change - The primary reason for the decline in net profit for the first half of 2025 is attributed to a significant decrease in the sales price of smart terminal products due to market competition, leading to a drop in operating revenue and gross margin compared to the previous year [1]

Mergers and Acquisitions - Hangcha Group's subsidiary plans to increase capital and acquire approximately 99% of Guozhi Robotics [1] - Changhong High-Tech is planning to purchase 100% equity of Guangxi Changke through share issuance and cash payment, which is expected to constitute a major asset reorganization [2] Shareholding Changes - Newray's senior management plans to reduce their holdings by up to 0.3% of the company's shares due to personal financial needs [3] - Zhuoyi Information's employee shareholding platform intends to reduce its holdings by up to 1.88% of the company's shares due to employees' financial needs [4] - Baotong Technology's major shareholders plan to collectively reduce their holdings by up to 2.36% of the company's shares for personal financial reasons [5] Performance Disclosure - Huayou Cobalt expects a year-on-year increase of 56% to 68% in net profit attributable to shareholders for the first half of 2025, driven by integrated operations and rising cobalt prices [6] - Skyworth Digital anticipates a year-on-year decline of 76% to 65% in net profit attributable to shareholders for the first half of 2025 due to a significant drop in sales prices of smart terminal products [7] - Shandong Molong expects a year-on-year decline of 92% to 94% in net profit attributable to shareholders for the first half of 2025, primarily due to the previous year's asset sales [8][9] Investment Matters - Jinhe Biological's wholly-owned subsidiary plans to invest 158 million yuan in a wastewater treatment expansion project to enhance future profitability [10] Risk Matters - Risconda's chairman and a director have been subjected to criminal coercive measures due to allegations of information disclosure violations [11]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SKYWORTH GROUP LIMITED 創 維 集 團 有 限 公 司 董事會主席 （於百慕達註冊成立之有限公司） （股份代號：00751） 海外監管公告 創維數字股份有限公司 2025 年半年度業績預告 本公告乃由創維集團有限公司（「本公司」）之董事會（「董事會」）根據香港聯合 交易所有限公司證券上市規則（「上市規則」）第13.09(2)條及第13.10B條以及香 港法例第571章證券及期貨條例第XIVA部內幕消息條文（按上市規則所定義者） 而作出。 創維數字股份有限公司（「創維數字」，深圳證券代碼：000810）為一間於深圳證 券交易所A股上市公司及為本公司的一間非全資附屬公司，已公佈其2025年半年 度業績預告（「該公告」）。該公告已轉載於附件中。創維數字之具體財務數據將 於2025年半年度報告中詳細披露。 本公司之股東及潛在投資者應注意，該公告之中文版（公告編號：2025-029）已 於深 ...

[Performance Forecast Summary](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company anticipates a substantial year-on-year decline in net profit attributable to shareholders for the first half of 2025, with non-recurring net profit and basic EPS also decreasing 2025 Half-Year Performance Forecast (vs. Prior Year) | Item | Current Period (Million RMB) | Prior Year (Million RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Profit: 43.00 - 63.00 | Profit: 181.82 | Decrease 76.35% - 65.35% | | Net Profit Excluding Non-Recurring Items | Profit: 37.00 - 55.00 | Profit: 155.95 | Decrease 76.27% - 64.73% | | Basic Earnings Per Share (RMB) | Profit: 0.0377 - 0.0552 | Profit: 0.1593 | - | [Audit Status Explanation](index=1&type=section&id=Item%20II.%20Communication%20with%20Accounting%20Firm) This performance forecast is a preliminary estimate by the company's finance department and has not undergone pre-audit by a certified public accountant - The performance forecast data is a preliminary calculation by the company's finance department and has not been pre-audited by a certified public accountant[3](index=3&type=chunk) [Reasons for Performance Change](index=1&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Change) The year-on-year decline in net profit for the first half of 2025 is attributed to intensified market competition, significantly reducing smart terminal sales prices, and impacting revenue and gross margin - The primary reason for the decline in net profit is intense market competition, leading to a significant decrease in the average selling price of smart terminal products, which in turn lowered operating revenue and gross profit margin[4](index=4&type=chunk) [Risk Warning and Information Disclosure](index=1&type=section&id=Item%20IV.%20Risk%20Warning) The company advises investors that this preliminary forecast's final financial data will be based on the 2025 half-year report, urging caution regarding investment risks - The company advises investors that the final performance data will be based on the 2025 half-year report, urging cautious decision-making and awareness of investment risks[7](index=7&type=chunk)

Summary of Key Points from Conference Call Records Industry or Company Involved - **AI Glasses**: Multiple significant products are set to be released, including those from Meta and Xiaomi [2][15] - **Liquid Cooling**: National standards for liquid cooling are about to be published, indicating growth in this sector [3] - **Superconductors**: Shanghai Superconductor's IPO application has been accepted, aiming to raise 1.2 billion yuan for high-temperature superconducting materials [4][17] - **POE Particles**: Domestic production of POE particles is being initiated to replace imports [5][16] - **High-end PCB**: Companies like Zhongjing Electronics and Yihua New Materials are involved in high-end PCB production for various applications [6][10] - **Air Conditioning Components**: Shunwei Co. is a leading supplier of air conditioning fan blades, indirectly supplying Xiaomi [7][16] - **Laser Defense Systems**: New developments in lightweight laser defense systems are being tested [12][17] Core Points and Arguments - **AI Glasses Market**: - Meta plans to release new AI glasses with expected sales of 4-5 million units in 2025 [15] - Xiaomi's AI glasses are in small-scale production with projected sales of 300,000-500,000 units [15] - Companies like Biyi Co. and Lianchuang Optoelectronics are heavily involved in AR/VR technologies [15] - **Liquid Cooling Industry**: - The market for liquid cooling servers in China is projected to reach $16.2 billion by 2029, with a CAGR of 46.8% from 2024 to 2029 [3] - Current penetration in data centers is below 10%, indicating significant growth potential [3] - **Superconductors**: - Shanghai Superconductor holds over 80% market share in domestic high-temperature superconducting materials [17] - The company reported a revenue increase of 189% year-on-year, reaching 240 million yuan in 2024 [17] - **POE Particles**: - The domestic market for POE is expected to reach 50-60 billion yuan in 2025, with significant import substitution potential [16] - The company anticipates net profits of 0.5 billion yuan in 2025, increasing to 5.2 billion yuan by 2027 [16] - **High-end PCB**: - Companies are focusing on high-end applications in AI, VR, and gaming, with significant demand for flexible circuit boards [16] - The domestic high-end PCB market is experiencing rapid growth due to increased demand from tech companies [16] - **Air Conditioning Components**: - Shunwei Co. has a global market share of over 35% in plastic air conditioning fan blades [7] - The company is also involved in the low-altitude economy through partnerships in agricultural drone technology [16] Other Important but Possibly Overlooked Content - **Market Dynamics**: The AI glasses market is highly competitive, with major players like Meta and Xiaomi launching new products [15] - **Regulatory Environment**: The upcoming national standards for liquid cooling may streamline the industry and enhance growth prospects [3] - **Investment Opportunities**: Companies involved in superconductors and liquid cooling are positioned for significant growth due to technological advancements and market demand [4][3] - **Financial Performance**: Many companies are reporting substantial year-on-year growth, indicating a robust recovery and expansion in their respective sectors [17][16] This summary encapsulates the critical insights from the conference call records, highlighting the evolving landscape of various industries and the companies poised to benefit from these trends.

Core Viewpoint - The 137th Canton Fair highlights the resilience of the Chinese home appliance industry amidst the ongoing tariff challenges from the U.S., with large enterprises showing better preparedness and adaptability compared to smaller firms [1][3][5]. Group 1: Impact of Tariffs on Large Enterprises - Large home appliance companies have limited exposure to U.S. tariffs due to strategic planning and diversified supply chains, with many having established manufacturing bases in emerging markets [4][5]. - For instance, Midea Group reported a revenue of 409.1 billion yuan and a net profit of 38.5 billion yuan for the year ending December 31, 2024, with a low revenue share from the U.S. market [4]. - Haier Smart Home achieved an overseas revenue of 143.814 billion yuan in 2024, marking a year-on-year growth of 5.43%, with significant growth in emerging markets [4]. Group 2: Adaptation Strategies of the Industry - The home appliance industry has proactively adjusted to tariff impacts by shifting production capacities and exploring new markets, reducing reliance on the U.S. market [5][6]. - Companies like TCL and Hisense have minimized direct exports to the U.S. by utilizing production facilities in Mexico and Southeast Asia, thus mitigating tariff impacts [5][6]. - The overall export value of China's home appliance industry reached 112.42 billion USD in 2024, with exports to the U.S. accounting for 20.71 billion USD, reflecting a 4.3% year-on-year increase but a reduced share of total revenue [5]. Group 3: Challenges Faced by Small Enterprises - Smaller home appliance companies are facing significant challenges due to their heavy reliance on the U.S. market, with many experiencing customer defaults on orders [7][8]. - The Canton Fair has introduced initiatives to assist small enterprises in finding new clients, particularly in countries involved in the Belt and Road Initiative [8][9]. - Experts suggest that small enterprises should adjust their strategies by expanding overseas production and tapping into domestic markets through e-commerce platforms [9].

Group 1 - The company announced a share reduction plan involving its chairman and several senior executives, with specific share quantities and percentages outlined for each individual [1][2] - Chairman Shi Chi plans to reduce his holdings by up to 9,000,000 shares, representing 0.788% of the company's total share capital [2] - Other executives, including Zhang Zhi, Ying Yiming, and Wang Yin, also have specified reduction amounts, with Zhang Zhi reducing by up to 800,000 shares (0.070%), Ying Yiming by 90,000 shares (0.008%), and Wang Yin by 70,000 shares (0.006%) [2] Group 2 - The shareholding details of the executives indicate that Shi Chi holds 36,770,524 shares (3.221%), Zhang Zhi holds 3,239,348 shares (0.284%), Ying Yiming holds 375,000 shares (0.033%), and Wang Yin holds 300,000 shares (0.026%) [2] - The company assures that the planned reductions will comply with relevant regulations and will not affect the company's governance structure or control [3][4] - The executives have committed to not exceeding 25% of their total shareholdings for annual transfers during their tenure and will not transfer shares within six months after leaving their positions [3]

1、持有公司股份36,770,524股（占本公司总股本比例3.221%）的董事长施驰 先生拟在本减持计划公告之日起15个交易日后的3个月内以集中竞价方式减持公 司股份不超过9,000,000股（占本公司总股本比例0.788%）。 2、持有公司股份3,239,348股（占本公司总股本比例0.284%）的董事、副总 经理、董事会秘书张知先生拟在本减持计划公告之日起15个交易日后的3个月内 以集中竞价方式减持公司股份不超过800,000股（占本公司总股本比例0.070%）。 3、持有公司股份375,000股（占本公司总股本比例0.033%）的董事应一鸣先 生拟在本减持计划公告之日起15个交易日后的3个月内以集中竞价方式减持公司 股份不超过90,000股（占本公司总股本比例0.008%）。 4、持有公司股份300,000股（占本公司总股本比例0.026%）的财务总监王茵 女士拟在本减持计划公告之日起15个交易日后的3个月内以集中竞价方式减持公 司股份不超过70,000股（占本公司总股本比例0.006%）。 证券代码：000810 证券简称：创维数字 公告编号：2025-028 创维数字股份有限公司 关于公司部分董事及 ...