Core Insights - The company Demingli (001309) reported a total revenue of 4.109 billion yuan for the first half of 2025, an increase of 88.83% year-on-year, while the net profit attributable to shareholders was -118 million yuan, a decline of 130.43% [1] - In Q2 2025, the revenue reached 2.857 billion yuan, up 109.27% year-on-year, but the net profit attributable to shareholders was -48.858 million yuan, down 125.43% [1] - The company's accounts receivable increased significantly, with a year-on-year growth of 234.98% [1] Financial Performance - Gross margin was 5.03%, down 82.66% year-on-year, and net margin was -2.87%, down 116.11% [1] - Total selling, administrative, and financial expenses amounted to 177 million yuan, accounting for 4.32% of revenue, a decrease of 13.6% year-on-year [1] - Earnings per share were -0.74 yuan, a decrease of 128.14% year-on-year [1] Changes in Financial Items - Cash and cash equivalents decreased by 26.18% due to fundraising investments [2] - Accounts receivable increased by 47.92% due to revenue growth [2] - Inventory increased by 4.65% as a result of expanded revenue scale [3] - Long-term equity investments surged by 2983.8% due to increased investments in Yinghe Zhiyuan [4] - Fixed assets rose by 18.38% due to increased investments from fundraising [5] - Construction in progress increased by 229.24% due to equipment purchases pending acceptance [6] - Short-term borrowings decreased by 7.06% due to adjustments in the financing structure [7] - Contract liabilities increased by 186.79% due to an increase in customer prepayments [8] - Long-term borrowings rose by 31.55% as part of the financing structure adjustment [9] - Other current assets increased by 69.86% due to higher inventory and uncredited input tax [10] - Prepayments increased by 46.55% due to higher material prepayments [11] Operational Insights - The company’s revenue increased by 88.83% due to product line upgrades and enhanced market promotion efforts [11] - Operating costs rose by 152.59% in line with revenue growth [11] - Research and development expenses increased by 33.2% due to a significant rise in R&D personnel and ongoing investments in new projects [11] Cash Flow and Debt Analysis - Net cash flow from investing activities decreased by 311.07% due to cash management of raised funds [12] - The net increase in cash and cash equivalents fell by 146.92% due to continuous investment of raised funds [13] - The company’s return on invested capital (ROIC) was 10.84%, indicating average capital returns [14] - The company has a debt ratio of 48.95% for interest-bearing liabilities, with negative cash flow from operations over the past three years [15] Fund Management - The company is held by a prominent fund manager, Yang Zongchang from E Fund, who has recently increased his holdings [15] - The largest fund holding Demingli is E Fund Supply-side Reform Mixed Fund, with a scale of 4.056 billion yuan and a recent net value increase of 2.21% [16]

经济观察网 德明利(001309.SZ)8月21日发布2025年半年度报告，该公司营业收入为41.09亿元，同比增 长88.83%。归属于上市公司股东的净亏损为1.18亿元。归属于上市公司股东的扣除非经常性损益的净亏 损为1.22亿元。基本每股亏损为0.74元。 ...

Company Overview - Shenzhen Techwinsemi Technology Co., Ltd. focuses on storage solutions, with core technology rooted in integrated circuit design and development [4] - The company has established a dual-support system of "hard technology + soft services," emphasizing self-controlled storage controller chip research and industrial application [5] Financial Performance - For the first half of 2025, the company reported revenue of approximately 4.11 billion yuan, an increase of 88.83% compared to the same period last year [5] - The net profit attributable to shareholders was approximately -117.95 million yuan, a decrease of 130.43% year-on-year [5] - The basic earnings per share were -0.74 yuan, down 128.14% from the previous year [5] Business Operations - The company offers a wide range of products, including solid-state drives (SSDs), embedded storage, memory modules, and mobile storage, which are applied in various sectors such as data centers, mobile devices, automotive electronics, and security monitoring [6][7] - The SSD product line includes various form factors like 2.5 inch, SATA, M.2, and U.2, with a focus on high-performance and customized solutions for enterprise applications [6][7] - The company is advancing its capabilities in QLC NAND applications, having developed new error correction algorithms and low-power designs to enhance product performance [7] Industry Trends - The global semiconductor market is projected to grow by 12% in 2025, with the storage market expected to exceed 25% growth, highlighting its significance in the semiconductor sector [13] - The rise of AI technology is driving demand for large-capacity storage solutions, particularly in data centers and smart devices [12][14] - Domestic storage manufacturers are making significant technological advancements, narrowing the gap with international competitors, and the company is positioned to leverage these developments for its product offerings [13][14]

公募基金方面，本期较上一期持股增加的公募基金共计3个，包括广发中小盘精选混合A、易方达供给 改革混合、易方达产业机遇混合A，持股增加占比达0.37%。本期较上一季度持股减少的公募基金共计2 个，包括易方达创新驱动混合、易方达瑞程混合A，持股减少占比小幅下跌。本期较上一季度新披露的 公募基金共计6个，主要包括易方达价值精选混合、惠升和悦债券A、中银中小盘成长混合、华润元大 双鑫债券A、金元顺安成长动力灵活配置混合等。本期较上一季未再披露的公募基金共计13个，主要包 括国联安半导体ETF、兴全合兴混合A、易方达新兴成长混合、兴全精选混合、交银稳健配置混合等。 对于社保基金，本期较上一季未再披露的社保基金共计1个，即全国社保基金六零一组合。 外资态度来看，本期较上一季度持股减少的外资基金共计1个，即香港中央结算有限公司，持股减少占 比达0.26%。 2025年8月22日，德明利(001309.SZ)发布2025年半年度报告。截至2025年8月21日，共有16个机构投资 者披露持有德明利A股股份，合计持股量达1517.92万股，占德明利总股本的9.38%。其中，前十大机构 投资者包括泰安金程源企业管理合伙企业(有限合 ...

Core Viewpoint - Demingli (001309.SZ) reported a significant increase in revenue for the first half of 2025, but also posted a net loss attributable to shareholders [1] Financial Performance - The company's operating revenue reached 4.109 billion yuan, representing a year-on-year growth of 88.83% [1] - The net loss attributable to shareholders was 118 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 122 million yuan [1] - The basic loss per share was 0.74 yuan [1]

每经AI快讯，德明利（SZ 001309，收盘价：96.6元）8月21日晚间发布公告称，公司第二届第三十一次 董事会会议于2025年8月20日在公司24楼会议室以现场结合通讯表决方式召开。会议审议了《关于2025 年半年度募集资金存放与实际使用情况的专项报告》等文件。 每经头条（nbdtoutiao）——核心产品净值仅剩7毛钱，昔日"公募一哥"任泽松怎么了？牛市踏空真相曝 光 （记者 曾健辉） 截至发稿，德明利市值为219亿元。 2025年1至6月份，德明利的营业收入构成为：存储行业占比100.0%。 ...

德明利（SZ 001309，收盘价：96.6元）8月21日晚间发布半年度业绩报告称，2025年上半年营业收入约 41.09亿元，同比增加88.83%；归属于上市公司股东的净利润亏损约1.18亿元；基本每股收益亏损0.74 元。 （文章来源：每日经济新闻） ...

2025年1至6月份，德明利的营业收入构成为：存储行业占比100.0%。 德明利（SZ 001309，收盘价：96.6元）8月21日晚间发布公告称，公司本次计提信用减值准备和资产减 值准备合计约8332万元，相应减少公司2025年半年度利润总额约8332万元。本次计提减值准备的金额未 经会计师事务所审计确认。公司本次核销资产合计约43万元，已计提坏账准备约43万元。本次核销资产 对报告期内损益无影响。 （文章来源：每日经济新闻） ...

格隆汇8月21日丨德明利(001309.SZ)公布2025年半年度报告，上半年公司实现营业收入41.09亿元，同比 增长88.83%；归属于上市公司股东的净利润-1.18亿元，同比盈转亏；归属于上市公司股东的扣除非经 常性损益的净利润-1.22亿元；基本每股收益-0.74元。 ...

证券代码：001309 证券简称：德明利 公告编号：2025-067 深圳市德明利技术股份有限公司 第二届董事会第三十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 深圳市德明利技术股份有限公司（以下简称"公司"）第二届董事会第三十 一次会议的会议通知已于 2025 年 8 月 8 日以电子邮件、微信的方式送达给全体 董事，会议于 2025 年 8 月 20 日在公司 24 楼会议室以现场结合通讯表决方式召 开。本次会议应出席董事 7 名，实际出席董事 7 名（其中，董事田华、叶柏林、 独立董事周建国、独立董事曾献君、独立董事杨汝岱以通讯方式出席并表决）， 公司全体监事及高级管理人员列席了本次会议。本次会议的出席人数、召集、召 开程序和议事内容均符合《公司法》等法律、法规和《公司章程》的有关规定， 合法有效。 二、董事会会议审议情况 本次会议由董事长李虎召集和主持。经与会董事认真审议，作出如下决议： （一）审议通过了《关于公司<2025 年半年度报告>全文及其摘要的议案》 《2025 年半年度报告》主要财务数据如下： ...