一、董事会会议召开情况 证券代码：001229 证券简称：魅视科技 公告编号：2025-026 广东魅视科技股份有限公司 第二届董事会第十二次会议决议公告 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。 广东魅视科技股份有限公司（以下简称"公司"）第二届董事会第十二次会 议于 2025 年 9 月 19 日在公司会议室以现场结合远程视频方式召开，会议通知以 电子邮件方式已于 2025 年 9 月 15 日向各位董事发出，本次会议应参加董事 7 名， 实际参加董事 7 名（其中，现场参加的董事为方华、叶伟飞、张成旺、陈慧芹、 毛宇丰和胡永健，以远程视频方式参会的董事为曾庆文），本次会议的召开符合 《公司法》等有关法律、法规及《公司章程》的规定。 本次会议由董事长方华先生主持，公司监事和高级管理人员列席本次会议。 经与会董事认真审议，形成了如下决议： 二、董事会会议审议情况 （一）审议通过《关于使用自有资金和暂时闲置募集资金进行现金管理的议 案》 表决结果：同意票数为 7 票；反对票数为 0 票；弃权票数为 0 票；回避票数 为 0 票。 回避表决情况：本议案不涉 ...

每经头条（nbdtoutiao）——5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数 买股票吗？ （记者 曾健辉） 截至发稿，魅视科技市值为32亿元。 每经AI快讯，魅视科技（SZ 001229，收盘价：31.79元）9月19日晚间发布公告称，公司第二届第十二 次董事会会议于2025年9月19日在公司会议室以现场结合远程视频方式召开。会议审议了《关于召开 2025年第二次临时股东大会的议案》等文件。 2025年1至6月份，魅视科技的营业收入构成为：专业视听行业占比94.72%。 ...

证券代码：001229 证券简称：魅视科技 公告编号：2025-025 为进一步加强与投资者的互动交流工作，广东魅视科技股份有限 公司（以下简称"公司"）将参加由广东证监局、广东上市公司协会 举办的"2025 年广东辖区上市公司投资者网上集体接待日"活动， 现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 9 月 19 日（周五）15:30-17:00。 届时公司的董事长兼总经理方华先生、董事会秘书兼财务总监江 柯女士（如遇特殊情况，参加人员视实际情况予以调整）将通过网络 在线形式与投资者就公司 2025 年半年度业绩等情况进行沟通与交流。 欢迎广大投资者积极参与。 特此公告。 广东魅视科技股份有限公司 董事会 广东魅视科技股份有限公司 关于参加 2025 年广东辖区上市公司投资者网上 集体接待日活动的公告 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。 2025 年 9 月 17 日 ...

每经AI快讯，有投资者在投资者互动平台提问：请问公司与华为有无合作？具体合作领域是什么？ 魅视科技（001229.SZ）9月10日在投资者互动平台表示，双方暂未有直接合作。 （文章来源：每日经济新闻） ...

魅视科技9月10日在回应投资者提问时表示，公司与华为暂未有直接合作。 ...

Core Insights - The company reported a revenue of 70.72 million yuan for the first half of 2025, marking a year-on-year growth of 10.31% [1] - The net profit attributable to shareholders was 19.08 million yuan, with a significant increase in net cash flow from operating activities, which rose by 200.92% to 62.75 million yuan [1] - The AI product line generated over 2.3 million yuan in revenue, showing a remarkable growth of 373.02% [1] Financial Performance - The company maintained stable revenue growth in the first half of 2025, with a positive shift in revenue growth from negative to positive compared to Q1 2025 [1] - The decline in net profit year-on-year narrowed by over 20 percentage points, indicating an improvement in operational conditions [1] - Revenue from specialized audiovisual products was 64.62 million yuan, reflecting a steady growth of 1.58% [1] Product Development - The company is focused on integrating AI and edge computing technologies into professional audiovisual systems, achieving significant breakthroughs in AI product development [2] - The AI edge intelligence collaboration platform incorporates advanced technologies such as video structured analysis and multimodal collaboration, covering essential functions like facial recognition and abnormal behavior monitoring [2] - This technology enables the enhancement of ordinary cameras with AI capabilities at a minimal cost, requiring only 10% of the investment needed for new AI cameras [2] Market Expansion - The company is actively expanding its overseas market presence, having established subsidiaries in Singapore and Hong Kong during the reporting period [2] - This expansion aims to enhance service support for international clients and lays the groundwork for the company's global strategy [2] - The company aspires to become a leading enterprise in the global audiovisual technology sector [2]

Core Viewpoint - Meishi Technology (001229) reported mixed financial results for the first half of 2025, with revenue growth but a significant decline in net profit, indicating potential challenges in cost management and profitability [1]. Financial Performance - Total revenue for the first half of 2025 reached 70.72 million yuan, a year-on-year increase of 10.31% compared to 64.11 million yuan in 2024 [1]. - Net profit attributable to shareholders was 19.08 million yuan, down 36.74% from 30.16 million yuan in the previous year [1]. - The gross margin decreased to 63.91%, a decline of 18.76% year-on-year, while the net profit margin fell to 26.98%, down 42.65% [1]. - The total of financial, sales, and management expenses reached 23.28 million yuan, accounting for 32.92% of total revenue, which is a 35.91% increase year-on-year [1]. Operational Insights - The company has maintained a healthy cash position, with cash assets amounting to 370 million yuan, reflecting a 10.66% increase from the previous year [2]. - The company is recognized as a leading provider of edge computing products and intelligent distributed audiovisual solutions, focusing on enhancing image application technology [2][3]. - Recent product developments include the introduction of edge intelligent collaboration platforms and AI series products, expanding the product line [3]. Market Position - The company serves critical sectors related to public welfare and national security, with applications in command centers, monitoring centers, and emergency management [2]. - Historical data shows a median Return on Invested Capital (ROIC) of 33.92%, indicating strong investment returns despite a recent dip to 7% in 2024 [2].

Core Insights - The company reported a revenue of 70.72 million yuan for the first half of 2025, representing a year-on-year growth of 10.31%, but net profit attributable to shareholders decreased by 36.74% to 19.08 million yuan, indicating a "revenue growth without profit growth" scenario [1][2][11] - The significant decline in net profit is attributed to a substantial reduction in gross margin, which fell by 14.76 percentage points to 63.91%, and net margin decreased by 20.06 percentage points to 26.98% [2][3][11] - The company achieved a notable improvement in cash flow management, with net cash flow from operating activities increasing by 200.92% to 62.75 million yuan, indicating enhanced cash generation capabilities [3][4][11] Financial Performance - Revenue for the first half of 2025 was 70.72 million yuan, up from 64.11 million yuan in the same period last year, marking a 10.31% increase [2] - Net profit attributable to shareholders dropped from 30.16 million yuan to 19.08 million yuan, a decline of 36.74% [2] - Basic earnings per share decreased from 0.30 yuan to 0.19 yuan, a drop of 36.67% [2] - The overall gross margin for the first half was 63.91%, down from 78.67% in the previous year [2][3] Cost and Expense Management - Total operating costs increased at a rate exceeding revenue growth, with total expenses rising to 31.67 million yuan, an increase of 765.60 thousand yuan year-on-year [3] - The expense ratio rose to 44.79%, up 7.33 percentage points from the previous year, with management expenses increasing by 77.77% [3][6] - The increase in management expenses may be linked to organizational restructuring and increased administrative costs [3][6] Cash Flow and Asset Management - The company reported a net cash flow from operating activities of 62.75 million yuan, significantly up from 20.85 million yuan in the previous year [3][4] - Total assets as of June 30, 2025, were 1.03 billion yuan, down 3.75% from the end of the previous year [4] - The company maintained a strong short-term solvency with working capital of 587 million yuan [4] Business Structure and Market Position - The overall gross margin of 63.91% indicates that the company's products still possess a certain level of technical added value and market competitiveness [4][11] - The second quarter saw a significant recovery in gross margin to 70.04%, reflecting effective cost control measures [5][11] - The reduction in shareholder accounts by 2.27% suggests increased concentration of shareholding, possibly indicating confidence from institutional or long-term investors [5] Strategic Outlook - The company is likely to focus on optimizing product structure, enhancing cost control, and adjusting pricing strategies in response to the pressures faced in the first half of 2025 [9][11] - The substantial improvement in cash flow provides a solid foundation for future investments in R&D, market expansion, or capacity upgrades [9][11] - The ability to convert improved cash flow into new profit growth points will be a key focus for management moving forward [9][11]

Group 1 - The company has not distributed cash dividends, issued bonus shares, or increased capital from reserves during the reporting period [2] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [4] - The company plans to revise its articles of association to comply with new regulations, including the establishment of an audit committee within the board of directors [4][5] Group 2 - All directors attended the board meeting that reviewed the report [1] - The company has no preferred shareholders or related shareholding changes during the reporting period [3][4] - The company emphasizes the accuracy and completeness of its information disclosure [4]

Group 1 - The core viewpoint of the article highlights that Meishi Technology (SZ 001229) held its second board meeting on August 26, 2025, to review the semi-annual report and its summary for 2025 [1] - For the year 2024, Meishi Technology's revenue composition is entirely from the professional audio-visual industry, accounting for 100.0% [1] - As of the report, Meishi Technology has a market capitalization of 3.6 billion yuan [1] Group 2 - The article also mentions a significant growth opportunity in the pet industry, which is projected to reach a market size of 300 billion yuan, leading to a surge in stock prices for related companies [1]