Core Viewpoint - The company, Zhimi Intelligent, has significantly improved its operating performance due to the recovery of the PC industry and strong growth in its intelligent computing business, achieving substantial revenue and profit increases in the first half of 2025 [2][4]. Financial Performance - In the first half of 2025, Zhimi Intelligent reported revenue of 1.947 billion yuan, a year-on-year increase of 15.29%, and a net profit of 102 million yuan, up 80.08% [4][5]. - The company's net profit attributable to shareholders was 87.7163 million yuan, reflecting a growth of 77.18% after excluding non-recurring gains and losses [4][5]. - Basic earnings per share reached 0.41 yuan, an increase of 78.26% compared to the previous year [4]. Business Segments - The intelligent computing business generated revenue of 298 million yuan in the first half of 2025, marking a remarkable year-on-year growth of 146.37%, and accounted for 15.31% of total revenue [3][7]. - The traditional business segments, including industry terminals, ICT infrastructure, and industrial IoT, reported revenues of 1.043 billion yuan, 307 million yuan, and 145 million yuan, respectively, with year-on-year changes of 0.5%, 2.1%, and 125.38% [6][7]. Research and Development - Zhimi Intelligent invested 90.955 million yuan in R&D in the first half of 2025, representing 4.67% of its revenue, with a focus on new technologies, products, and performance optimization [2][7]. - The company holds a total of 772 valid patents, including 58 invention patents, 593 utility model patents, and 121 design patents, along with 245 software copyrights [7].

财务报表中对有大幅变动的财务项目的原因说明如下： 货币资金变动幅度为15.08%,原因:收到客户回款增加。 据证券之星公开数据整理，近期智微智能（001339）发布2025年中报。截至本报告期末，公司营业总收 入19.47亿元，同比上升15.29%，归母净利润1.02亿元，同比上升80.08%。按单季度数据看，第二季度 营业总收入10.95亿元，同比上升12.31%，第二季度归母净利润5959.53万元，同比上升36.7%。本报告 期智微智能盈利能力上升，毛利率同比增幅27.95%，净利率同比增幅52.82%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率24.4%，同比增28.0%，净利率9.31%，同比增 52.82%，销售费用、管理费用、财务费用总计1.27亿元，三费占营收比6.51%，同比增17.19%，每股净 资产8.78元，同比增8.93%，每股经营性现金流1.05元，同比减45.49%，每股收益0.41元，同比增78.26% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 16.89 Z | 1 ...

Core Viewpoint - The financial performance of Zhimi Intelligent (智微智能) for the first half of 2025 shows significant growth in revenue and net profit, indicating improved profitability and operational efficiency [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 1.947 billion yuan, a year-on-year increase of 15.29% compared to 1.689 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 102 million yuan, up 80.08% from 56.48 million yuan in the previous year [1]. - The gross profit margin improved to 24.4%, reflecting a 28% increase year-on-year, while the net profit margin rose to 9.31%, a 52.82% increase [1]. - Operating cash flow per share decreased by 45.49% to 1.05 yuan, while earnings per share increased by 78.26% to 0.41 yuan [1]. Key Financial Metrics - The company reported a total of 1.27 billion yuan in combined selling, administrative, and financial expenses, accounting for 6.51% of revenue, which is a 17.19% increase year-on-year [1]. - The company's cash and cash equivalents increased by 31.59% to 1.701 billion yuan, attributed to increased customer payments [3]. - Accounts receivable decreased by 34.56% to 496 million yuan, indicating improved cash collection [3]. Business Segment Performance - The industry terminal business generated 2.597 billion yuan in revenue, accounting for 64.38% of total revenue in 2024 [6]. - The ICT infrastructure business contributed 631 million yuan, representing 15.65% of total revenue [6]. - The industrial IoT segment, which includes products like robot controllers and industrial computers, generated 151 million yuan, accounting for 3.75% of total revenue [8]. Investment and Market Position - The company has seen new investments from several funds, indicating growing interest in its stock [5]. - Analysts project the company's performance for 2025 to reach 300 million yuan in net profit, with an average earnings per share estimate of 1.2 yuan [4].

Revenue and Profit - The company reported a total revenue of 1.947 billion yuan for the first half of 2025, representing a year-on-year increase of 15.29% [2] - The net profit attributable to shareholders reached 102 million yuan, a significant year-on-year growth of 80.08% [2] - The second quarter alone saw a revenue of 1.095 billion yuan, up 12.31% year-on-year, with a net profit of 59.6 million yuan, reflecting a 36.7% increase [2] Profitability - The company's gross margin improved to 24.4%, an increase of 28.0% year-on-year [3] - The net profit margin rose to 9.31%, marking a year-on-year increase of 52.82%, indicating effective cost control and efficiency improvements [3] Expense Control - Total operating expenses (selling, administrative, and financial expenses) amounted to 127 million yuan, accounting for 6.51% of revenue, which is a year-on-year increase of 17.19% [4] - Administrative expenses saw a significant rise of 53.93%, primarily due to increased salaries for subsidiary management [4] Cash Flow and Financial Position - The company's cash and cash equivalents reached 1.701 billion yuan, a year-on-year increase of 31.59%, largely due to improved customer payments [5] - Operating cash flow per share was 1.05 yuan, down 45.49% year-on-year, attributed to increased supplier prepayments [5] - Accounts receivable decreased to 496 million yuan, a reduction of 34.56% year-on-year, indicating improved collection but raising concerns about the ratio of accounts receivable to profit, which stands at 396.88% [5] Asset Structure - Interest-bearing liabilities increased to 487 million yuan, a significant year-on-year rise of 147.88%, driven by funding needs for new business ventures [6] - Inventory levels increased, primarily due to preparations for large projects and spare parts [6] Main Business Composition - The largest segment of revenue came from the industry terminal, accounting for 53.57% of total revenue at 1.043 billion yuan, with a gross margin of 11.45% [7] - The intelligent computing business, while only contributing 15.31% of revenue, accounted for 53.15% of main profits with a high gross margin of 84.71%, indicating its high value addition [7] Regional Distribution - The South China region generated the highest revenue at 553 million yuan, representing 28.41% of total revenue, with a gross margin of 16.72% [8] - The North China region had the highest gross margin at 58.17%, with revenue of 342 million yuan, accounting for 17.56% of total revenue [8] Development Prospects - As a leading provider of intelligent network hardware products and solutions in China, the company is poised to benefit from the growth of the AI industry and the recovery of the PC sector [9] - The company has launched new products such as AIOPS, AIPC, and AI edge gateways to meet various AI+ scenario demands [9] - R&D investment increased, with R&D expenses for the first half of the year at 91 million yuan, a year-on-year growth of 1.02%, supported by a portfolio of 772 valid patents and 245 software copyrights [9] Summary - Overall, the company achieved significant growth in revenue and net profit in the first half of 2025, with a marked improvement in profitability [10] - However, attention is needed on cash flow management and accounts receivable to ensure sustainable future growth [10]

7月30日，智微智能发布2025年半年度报告称，公司上半年实现营业收入19.47亿元，同比增加15.29%；归属于上市公司 股东的净利润为1.02亿元，同比增加80.08%；扣除非经常性损益的净利润为0.88亿元，同比增加77.18%。 报告称，业绩大幅增长的主要原因包括：一方面，受益于AI产业发展，公司服务器、智算业务增长强劲，较去年同期 实现翻倍增长。另一方面，受益于PC行业回暖以及工业物联网业务盈利能力提升，上半年PC业务持续上量，工业物联 网业务实现了扭亏为盈。 报告期内，公司提供从AI算力规划与设计、GPU及高性能服务器设备交付、运维调优、算力调度与优化管理平台服 务、算力租赁+MaaS、算力及网络设备售后到置换回收的全流程服务。同时，公司全面推出AIOPS、AI PC、AI边缘网 关、AI大模型算力一体机、AI工控机等多样产品，充分满足智慧教育、智慧办公、智慧金融、智慧医疗、工业自动化 等多种AI+场景的应用需求。 报告称，作为创新型企业，公司始终坚持创新驱动发展，持续强化在核心技术、产品方面的投入，以增强公司的创新能 力和技术实力。报告期内，公司围绕新技术、新产品、量产产品性能优化等方面持续投入 ...

Group 1: Company Performance - Shunluo Electronics reported a net profit of 486 million yuan for the first half of 2025, a year-on-year increase of 32.03% [1] - Yiwai Communication's net profit for the first half of 2025 was 31.02 million yuan, a year-on-year decrease of 68.57% [1] - CATL achieved a net profit of 30.485 billion yuan in the first half of 2025, reflecting a year-on-year growth of 33.33% [2] - Huijia Times reported a net profit of 67.0481 million yuan for the first half of 2025, a year-on-year increase of 62.64% [15] - Zhimi Intelligent's net profit for the first half of 2025 was 102 million yuan, a year-on-year increase of 80.08% [23] Group 2: Company Announcements - Shunluo Electronics' revenue for the first half of 2025 was 3.224 billion yuan, up 19.80% year-on-year [1] - Yiwai Communication's revenue decreased to 360 million yuan, down 24.62% year-on-year [1] - CATL proposed a cash dividend of 10.07 yuan per 10 shares based on a total share capital of 4.537 billion shares [2] - Vanke A received a loan of up to 869 million yuan from Shenzhen Metro Group for debt repayment [7] - Lideman is planning to acquire up to 70% of Beijing Xiansheng Xiangrui Biological Products Co., Ltd. [8] Group 3: Industry Developments - The pharmaceutical industry is seeing advancements with Zhendong Pharmaceutical's clinical trial reaching a major research endpoint for a new product [3] - The construction industry is witnessing new orders, with Zhongyan Dadi signing 22 new contracts worth 257 million yuan in Q2 [4] - The energy sector is expanding with Hangyang Co. planning to establish a joint venture for hydrogen energy production [16] - Watson Bio signed a revised exclusive licensing agreement to expand its technology collaboration into non-patient areas [17]

| 代码 | 简称 | 每股收益 | 净利润（万 | 净利润同比 | 营业收入（万 | 营业收入同比 | | --- | --- | --- | --- | --- | --- | --- | | | | （元） | 元） | （%） | 元） | （%） | | 688636 | 智明达 | 0.2284 | 3829.80 | 2147.93 | 29475.64 | 84.83 | | 688313 | 仕佳光 子 | 0.4793 | 21664.75 | 1712.00 | 99262.53 | 121.12 | | 002052 | 同洲电 子 | 0.2722 | 20307.14 | 662.77 | 53976.95 | 606.52 | | 002107 | 沃华医 药 | 0.0800 | 4467.64 | 303.16 | 42535.85 | 7.64 | | 301235 | 华康洁 净 | 0.1900 | 1868.30 | 273.48 | 83491.15 | 50.73 | | 600078 | 澄星股 份 | 0.0280 | 1856.12 | 211.08 | 1 ...

| 300590 | 移为通 | 0.0675 | 3102.00 | -68.57 | 35997.08 | -24.62 | | --- | --- | --- | --- | --- | --- | --- | | | 信 | | | | | | | 002873 | 新天药 业 | 0.0236 | 576.61 | -80.99 | 35828.61 | -18.88 | | 002136 | 安纳达 | -0.1222 | -2626.78 | -158.08 | 87593.03 | -10.51 | （文章来源：证券时报网） 今日公布半年报公司一览 | 代码 | 简称 | 每股收益 | 净利润（万 | 净利润同比 | 营业收入（万 | 营业收入同比 | | --- | --- | --- | --- | --- | --- | --- | | | | （元） | 元） | （%） | 元） | （%） | | 600178 | 东安动 | 0.0167 | 392.12 | 157.75 | 247911.47 | 25.72 | | | 力 | | | | | | | 688668 | 鼎通 ...

公司营业总收入为19.47亿元，较去年同报告期营业总收入增加2.58亿元，实现4年连续上涨，同比较去年同期上涨15.29%。归母净利润为1.02亿元，较去年 同报告期归母净利润增加4523.10万元，实现2年连续上涨，同比较去年同期上涨80.08%。经营活动现金净流入为2.63亿元。 2025年7月31日，智微智能(001339.SZ)发布2025年中报。 公司摊薄每股收益为0.41元，较去年同报告期摊薄每股收益增加0.18元，实现2年连续上涨，同比较去年同期上涨78.26%。 公司最新总资产周转率为0.36次。最新存货周转率为1.32次。 公司股东户数为3.84万户，前十大股东持股数量为1.82亿股，占总股本比例为72.46%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 袁微微 | 39.61 | | 2 | 郭旭辉 | 30.2 | | 3 | 香港中央结算有限公司 | 0.49 | | ব | 东台智展企业管理合伙企业(有限合伙) | 0.32 | | 5 | 中国银行股份有限公司-易方达供给改革灵活配置混合型证券投资基金 | 0. ...

Focus Events - The 20th Central Committee's Fourth Plenary Session will be held in October in Beijing, focusing on the report of work and the formulation of the 15th Five-Year Plan for national economic and social development [1] Macro News - The average interest rate for newly issued commercial housing loans in Q2 2025 is 3.09% [18] - The Ministry of Agriculture and Rural Affairs is guiding the orderly elimination of low-yield dairy cows and enhancing support for large-scale breeding enterprises [18] Company Focus - Feilong Co., Ltd. is expanding into the robotics industry, collaborating with several vehicle manufacturers on product development [20] - Yonghui Supermarket plans to raise up to 3.992 billion yuan through a private placement for store upgrades and logistics improvements [21] - WuXi AppTec is issuing new H-shares at a price of 104.27 HKD per share, aiming to raise approximately 7.7 billion HKD [23] - China Shipbuilding Emergency Response received a warning and a fine of 4 million yuan for information disclosure violations, with its stock being marked as ST [25] - Hongxiang Co., Ltd.'s actual controller has been released on bail [27] - A stock of Upwind New Materials has been suspended for review after a 1083.42% increase in price over 16 trading days [29] - CATL reported a net profit of 30.5 billion yuan for the first half of 2025, a 33% year-on-year increase [31] - XGIMI expects a 2062.33% increase in net profit for the first half of 2025 [33] - Zhiwei Intelligent reported a net profit of 102 million yuan for the first half of 2025, an 80.08% increase [34] - Jinhai Biological reported a net profit of 138 million yuan for the first half of 2025, a 51.52% increase [34] - Lideman is planning to acquire control of Xiansheng Xiangrui [36] - San Chao New Materials is planning a change in control, with stock suspension starting July 31 [36] - Digital Certification will change its controlling shareholder to Beijing Data Group [37] - Jin Orange is planning to acquire 55% of Samit [37] - Taotao Vehicle announced a strategic cooperation agreement with Yushu Technology for market expansion in robotics [38] - China State Construction recently secured 9 major projects totaling 28.33 billion yuan [40] - Yangtze Power plans to invest approximately 26.6 billion yuan in the Gezhouba shipping capacity expansion project [42] - Changying Precision has established partnerships with several leading humanoid robot brands [44]