智通财经APP讯，广合科技(001389.SZ)发布2025年半年度报告，该公司营业收入为24.25亿元，同比增 长42.17%。归属于上市公司股东的净利润为4.92亿元，同比增长53.91%。归属于上市公司股东的扣除非 经常性损益的净利润为4.78亿元，同比增长47.78%。基本每股收益为1.161元。 ...

广合科技（SZ 001389，收盘价：69.35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24.25亿元，同比增加42.17%；归属于上市公司股东的净利润约4.92亿元，同比增加53.91%；基本 每股收益1.161元，同比增加46.17%。 （文章来源：每日经济新闻） ...

广州广合科技股份有限公司 内部审计制度 第一章 总则 第一条 为完善广州广合科技股份有限公司（以下简称"公司"）治理结 构，规范公司经营行为，提高内部审计工作质量， 防范和控制公司风险，增 强信息披露的可靠性，保护投资者合法权益，依据《中华人民共和国公司法》、 《中华人民共和国审计法》、《中华人民共和国内部审计准则》、《深圳证券交易 所上市公司自律监管指引第 1 号——主板上市公司规范运作》、《香港联合交易 所有限公司证券上市规则》等法律法规以及《广州广合科技股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，结合公司实际情况，制定本制度。 第二条 本制度所称内部审计，是指由公司内部机构或人员，对公司内部 控制制度和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效 率和效果等开展的一种评价活动。 第三条 内部审计遵循"独立、客观、公正"的原则，保证其工作合法、 合理有效，完善公司内部约束机制，加强内部管理，提高经济效益。 第四条 公司高级管理人员、公司各部门及各控股子公司、分公司的财务 收支、经济活动均接受本规定的内部审计的监督检查。 第二章 内部审计部门与人员 第五条 公司设立专门的内部审 ...

证券代码：001389 证券简称：广合科技 公告编号：2025-046 广州广合科技股份有限公司 2025年半年度募集资金存放与使用情况的专项报告 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。 根据深圳证券交易所《深圳证券交易所上市公司自律监管指引第 1 号——主 板上市公司规范运作》及《深圳证券交易所上市公司自律监管指南第 2 号——公 告格式》的规定，将广州广合科技股份有限公司（以下简称"公司"或"本公司"） 2025 年半年度募集资金存放与使用情况报告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会《关于同意广州广合科技股份有限公司首次公开 发行股票注册的批复》（证监许可〔2023〕2182 号）同意注册，并经深圳证券交 易所《关于广州广合科技股份有限公司人民币普通股股票上市的通知》（深证上 〔2024〕239 号）同意，公司获准向社会公开发行人民币普通股（A 股）股票 4,230.00 万股，本次公开发行人民币普通股每股面值为人民币 1.00 元，发行价 格为 17.43 元/股，本次发行募集资金总额为人民 ...

广州广合科技股份有限公司 2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：广州广合科技股份有限公司 | | | | | | | | | | 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 | 上市公司核算 | 2025年初占用 | 2025年半年度占用累 计发生金额(不含利 | 2025年半年度占用 | 2025年半年度偿 | 2025年半年度 | 占用形成原因 | 占用性质 | | | | 司的关联关系 | 的会计科目 | 资金余额 | | 资金的利息(如有) | 还累计发生金额 | 末占用资金余额 | | | | | | | | | 息) | | | | | | | 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 | | | | | | | | | ...

广州广合科技股份有限公司 2025 年半年度财务报告 广州广合科技股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 广州广合科技股份有限公司 2025 年半年度财务报告 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：广州广合科技股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 646,515,654.64 | 721,280,720.20 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 191,508,767.05 | 291,069,849.32 | | 衍生金融资产 | 397,006.98 | | | 应收票据 | 77,777,509.64 | 128,284,510.76 | | 应收账款 | 1,511,869,066.64 | 1,164,670,094.32 | | 应收款项融资 ...

广州广合科技股份有限公司（以下简称"公司"）第二届董事会第十六次会 议于 2025 年 8 月 20 日在公司二楼会议室以现场结合通讯的方式举行，会议通知 于 2025 年 8 月 17 日以通讯方式发出。会议应到董事 7 人，实到董事 7 人。 证券代码：001389 证券简称：广合科技 公告编号：2025-045 广州广合科技股份有限公司 第二届董事会第十六次会议决议公告 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。 一、董事会会议召开情况 本议案经董事会表决，以 7 票同意、0 票反对、0 票弃权的表决结果通过。 会议由董事长肖红星先生主持，公司高级管理人员列席了会议。会议的召集、 召开符合有关法律、法规、规章和《公司章程》的规定。 二、董事会会议审议情况 经各位董事认真审议，会议形成了如下决议： 1、审议通过了《关于公司 2025 年半年度报告及其摘要的议案》 经审议，董事会认为公司编制的《2025 年半年度报告及其摘要》真实反映 了公司的财务状况和经营成果，符合法律、行政法规和中国证监会的有关规定， 报告内容真实、准确、完整，不存在任何虚假记载、误 ...

格隆汇8月21日丨广合科技(001389.SZ)公布2025年半年度报告，上半年公司实现营业收入24.25亿元，同 比增长42.17%；归属于上市公司股东的净利润4.92亿元，同比增长53.91%；归属于上市公司股东的扣除 非经常性损益的净利润4.78亿元，同比增长47.78%；基本每股收益1.1610元。 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice,%20Table%20of%20Contents,%20and%20Definitions) This section provides essential disclaimers, outlines the report structure, and defines key terms and reporting periods used throughout the document [Definitions](index=5&type=section&id=Definitions) This chapter defines company entity abbreviations, related organizations, shareholder entities, and industry terms like PCB and HDI, and specifies the reporting period from January 1 to June 30, 2025 - The reporting period is defined as **January 1, 2025, to June 30, 2025**[11](index=11&type=chunk) [Company Profile and Key Financial Indicators](index=7&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section introduces the company and presents its key financial performance and position for the reporting period [Company Profile](index=7&type=section&id=I.%20Company%20Profile) Guangzhou Guanghe Technology Co., Ltd. (stock code: 001389) is a company listed on the Shenzhen Stock Exchange, with Xiao Hongxing as its legal representative Company Profile | Item | Content | | :--- | :--- | | **Stock Abbreviation** | Guanghe Technology | | **Stock Code** | 001389 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Legal Representative** | Xiao Hongxing | [Key Accounting Data and Financial Indicators](index=8&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company achieved strong performance growth, with revenue up 42.17% to 2.425 billion yuan and net profit attributable to shareholders up 53.91% to 492 million yuan, demonstrating robust operational quality Key Financial Indicators for H1 2025 | Indicator | Current Period (RMB) | Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 2,424,753,430.89 | 1,705,583,527.93 | 42.17% | | **Net Profit Attributable to Shareholders** | 491,583,351.57 | 319,387,115.14 | 53.91% | | **Net Cash Flow from Operating Activities** | 453,102,610.13 | 270,833,830.63 | 67.30% | | **Basic Earnings Per Share (RMB/share)** | 1.1610 | 0.7943 | 46.17% | | **Weighted Average Return on Net Assets** | 14.81% | 13.79% | 1.02% | | **Total Assets (RMB)** | 6,274,075,657.34 | 5,685,756,517.91 | 10.35% (Period-end vs. Prior Year-end) | | **Net Assets Attributable to Shareholders (RMB)** | 3,393,408,756.33 | 3,073,845,894.57 | 10.40% (Period-end vs. Prior Year-end) | [Non-Recurring Gains and Losses and Amounts](index=8&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring gains and losses totaled 14.03 million yuan, primarily from government subsidies and fair value changes, with net profit attributable to shareholders after non-recurring items growing 47.78% to 478 million yuan Non-Recurring Gains and Losses Items | Item | Amount (RMB) | | :--- | :--- | | Government Subsidies | 10,251,328.88 | | Gains/Losses from Fair Value Changes of Financial Assets and Liabilities | 7,187,366.66 | | Net Non-Operating Income and Expenses | -840,203.14 | | **Total** | **14,030,129.22** | - Net profit attributable to shareholders after deducting non-recurring gains and losses was **RMB 478 million**, a year-on-year increase of **47.78%**[18](index=18&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Item%203.%20Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's operations, financial performance, and future outlook from management's perspective [Main Business Activities During the Reporting Period](index=10&type=section&id=I.%20Main%20Business%20Activities%20During%20the%20Reporting%20Period) The company primarily engages in R&D, production, and sales of multi-layer PCBs, with server PCBs accounting for about 70% of revenue, and its Thailand factory commenced production in June 2025 - The company's main business is multi-layer and high-layer PCBs, with server PCB products accounting for approximately **70% of revenue**, primarily used in high-performance computing and AI server data center core equipment[31](index=31&type=chunk) - Benefiting from strong demand for computing infrastructure, the company achieved operating revenue of **RMB 2.425 billion** in H1 2025, a year-on-year increase of **42.17%**; net profit reached **RMB 492 million**, up **53.91%** year-on-year[41](index=41&type=chunk) - Guanghe Thailand factory officially commenced production in June 2025, currently in the capacity ramp-up and customer certification phase, serving as a crucial base for the company's overseas market expansion[43](index=43&type=chunk) Prismark's Forecast for 2025 Global PCB Segment Market Growth Rates | Segment | Global Output Value YoY Growth Rate | | :--- | :--- | | **Multi-layer Boards (18+ layers)** | **41.70%** | | HDI | 12.90% | | Packaging Substrates | 7.60% | | Multi-layer Boards (8-16 layers) | 6.10% | [Analysis of Core Competencies](index=14&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core competencies include stable client relationships with top server brands, strong R&D capabilities, JDM service model, experienced management, and green manufacturing advantages - Customer resource advantage: Established stable cooperative relationships with leading domestic and international server brand manufacturers, building a strong brand image in the computing server PCB market[45](index=45&type=chunk) - Technological R&D advantage: The company is a national high-tech enterprise, recognized as a provincial-level enterprise technology center, with its research institute conducting forward-looking R&D on materials, products, and processes[46](index=46&type=chunk) - Management advantage: Possesses an experienced management team and has established a comprehensive full-process cost control management system from procurement to delivery[48](index=48&type=chunk) - Green and environmentally friendly production advantage: The company was awarded the 2024 National Green Factory designation, integrating sustainable development concepts into daily operations[50](index=50&type=chunk) [Main Business Analysis](index=15&type=section&id=III.%20Main%20Business%20Analysis) Main business revenue and cost grew 42.17% and 37.67% respectively, driven by AI computing demand, while management expenses increased significantly due to equity incentives Key Financial Data Year-on-Year Changes | Item | Current Period (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 2,424,753,430.89 | 42.17% | Sales growth driven by AI computing technology innovation and data center upgrades | | **Operating Cost** | 1,541,794,186.73 | 37.67% | Increased proportionally with operating revenue | | **Administrative Expenses** | 99,874,040.32 | 108.89% | Increased due to new equity incentives and share-based payment expenses | | **R&D Investment** | 117,019,895.63 | 46.10% | Increased R&D project count led to corresponding investment growth | Main Business (Printed Circuit Boards) by Region | Region | Operating Revenue (RMB) | Operating Revenue YoY Change | Gross Margin | Gross Margin YoY Change | | :--- | :--- | :--- | :--- | :--- | | **Domestic Sales** | 657,830,748.46 | 91.68% | 9.50% | 9.36% | | **Overseas Sales** | 1,607,379,334.84 | 27.16% | 41.59% | 2.47% | [Analysis of Assets and Liabilities](index=17&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets increased to 6.274 billion yuan, with a significant shift in asset structure as fixed assets rose due to the completion and transfer of the Thailand factory from construction in progress - Fixed assets balance significantly increased at period-end, with its proportion of total assets rising from **31.34%** to **45.61%**; construction in progress correspondingly decreased significantly, primarily due to the Thailand factory's plant and equipment reaching their intended usable state[56](index=56&type=chunk) - Accounts receivable increased proportionally with operating revenue, with its proportion of total assets rising from **20.48%** to **24.10%**[56](index=56&type=chunk) - The primary overseas asset is the Thailand production base "Guanghe Thailand", with an asset scale of **RMB 289 million**, accounting for **8.52%** of the company's net assets, and incurred a loss of **RMB 34.9272 million** during the reporting period[57](index=57&type=chunk) [Analysis of Investment Status](index=19&type=section&id=VI.%20Analysis%20of%20Investment%20Status) Total investments increased by 69.19% to 1.951 billion yuan, primarily for the Thailand production base, alongside derivative investments for hedging and planned use of raised funds - Investment during the reporting period totaled **RMB 1.951 billion**, a year-on-year increase of **69.19%**, primarily for the construction of the Thailand production base[63](index=63&type=chunk)[65](index=65&type=chunk) - The company engaged in derivative investments such as forward foreign exchange and structured deposits for hedging purposes, to mitigate and prevent foreign exchange rate fluctuation risks[67](index=67&type=chunk)[68](index=68&type=chunk) - Raised funds were utilized as planned, primarily invested in the "Huangshi Guanghe Multi-layer High-precision Circuit Board Project" and for supplementing working capital, with **RMB 67.8985 million** used in this reporting period[73](index=73&type=chunk)[74](index=74&type=chunk) [Analysis of Major Holding and Joint Stock Companies](index=24&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Joint%20Stock%20Companies) Key subsidiaries performed well, with Huangshi Guanghe turning profitable, Guanghe Technology (International) achieving significant revenue, while the newly established Thailand factory incurred initial losses Operating Performance of Major Subsidiaries (H1 2025) | Company Name | Operating Revenue (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | | **Huangshi Guanghe Precision Circuit Co., Ltd.** | 341,300,574.96 | 32,995,735.29 | | **Guanghe Technology (International) Co., Ltd.** | 1,604,423,918.93 | 29,577,916.98 | | **Dongguan Guanghe CNC Technology Co., Ltd.** | 126,995,641.72 | 2,331,152.30 | | **Delton Technology (Thailand) Co.,Ltd.** | 449,103.53 | -34,927,199.73 | [Risks Faced by the Company and Countermeasures](index=26&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks from economic fluctuations, technological changes, raw material prices, exchange rates, trade friction, and overseas operations, addressed by business diversification, R&D collaboration, supply chain management, hedging, and overseas factory expansion - Major risks include: macroeconomic fluctuations, technology R&D (rapid server iteration), raw material price volatility, exchange rate fluctuations (overseas sales account for approximately **70%**), trade friction, and overseas (Thailand) factory operational risks[87](index=87&type=chunk)[88](index=88&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk)[92](index=92&type=chunk) - Countermeasures: The company has invested in building a factory in Thailand to address trade friction risks and mitigates exchange rate risks through foreign exchange hedging operations[90](index=90&type=chunk)[91](index=91&type=chunk) [Corporate Governance, Environment, and Social Responsibility](index=27&type=section&id=Item%204.%20Corporate%20Governance,%20Environment,%20and%20Social%20Responsibility) This section details the company's governance structure, environmental initiatives, and social responsibilities during the reporting period [Changes in Directors, Supervisors, and Senior Management](index=27&type=section&id=I.%20Changes%20in%20Directors,%20Supervisors,%20and%20Senior%20Management) During the reporting period, the company experienced several changes in its board, supervisory board, and senior management, including resignations and new appointments - During the reporting period, changes occurred in the company's senior management and board members, including the dismissal of one Deputy General Manager, the resignation of two Supervisors, and the election of one new Independent Director and one Employee Director[95](index=95&type=chunk) [Profit Distribution Plan](index=27&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Conversion%20for%20the%20Current%20Period) The company plans no cash dividends, bonus shares, or capital reserve conversions for the first half of 2025 - The company's H1 2025 profit distribution plan is "no cash dividends, no bonus shares, and no conversion of capital reserves to share capital"[96](index=96&type=chunk) [Implementation of Equity Incentive Plan](index=27&type=section&id=III.%20Implementation%20of%20the%20Company's%20Equity%20Incentive%20Plan,%20Employee%20Stock%20Ownership%20Plan,%20or%20Other%20Employee%20Incentive%20Measures) The company cancelled 30,000 stock options and repurchased and cancelled 30,000 restricted shares under its 2024 equity incentive plan - The company cancelled **30,000** stock options and repurchased and cancelled **30,000** restricted shares in H1 2025[97](index=97&type=chunk) [Significant Events](index=29&type=section&id=Item%205.%20Significant%20Events) This section reports on major events and transactions that occurred during the reporting period, impacting the company's operations or financial position [Significant Guarantees](index=32&type=section&id=II.%20Significant%20Guarantees) The company has no external guarantees, but approved guarantees for subsidiaries total 1.05 billion yuan, with an actual balance of 431 million yuan, representing 12.70% of net assets, supporting their operations Guarantees for Subsidiaries (As of Report Period End) | Item | Amount (RMB 10,000) | | :--- | :--- | | Total Approved Guarantee Limit for Subsidiaries | 105,000 | | Total Actual Guarantee Balance for Subsidiaries | 43,083.24 | | Proportion of Total Actual Guarantees to Company's Net Assets | 12.70% | [Wealth Management](index=36&type=section&id=3.%20Wealth%20Management) The company used 634 million yuan of raised funds for bank wealth management products, with 190 million yuan outstanding at period-end and no overdue amounts - The company used raised funds to purchase bank wealth management products, with a transaction amount of **RMB 633.8 million** during the reporting period and an outstanding balance of **RMB 190 million** at period-end[126](index=126&type=chunk) [Share Changes and Shareholder Information](index=37&type=section&id=Item%206.%20Share%20Changes%20and%20Shareholder%20Information) This section outlines changes in the company's share capital and provides details on its shareholder structure and major shareholders [Share Changes](index=37&type=section&id=I.%20Share%20Changes) The company's total share capital decreased to 425,235,000 shares due to the repurchase and cancellation of 30,000 restricted shares, while 112.17 million pre-IPO restricted shares became tradable - The company's total share capital decreased to **425,235,000 shares** due to the repurchase and cancellation of **30,000** restricted shares[132](index=132&type=chunk)[133](index=133&type=chunk) - **112,172,580** pre-IPO issued shares and strategically placed shares were unrestricted and listed for trading on April 2, 2025, increasing the proportion of the company's unrestricted shares from **8.95%** to **35.33%**[131](index=131&type=chunk)[132](index=132&type=chunk) [Shareholder Count and Shareholding Status](index=40&type=section&id=III.%20Shareholder%20Count%20and%20Shareholding%20Status) As of the reporting period end, the company had 27,834 common shareholders, with the top four shareholders, including Guangzhou Zhenyun Investment Co., Ltd., holding over 60% combined, indicating a concentrated and stable ownership structure Top Five Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage | Number of Shares Held | Nature of Shares | | :--- | :--- | :--- | :--- | | Guangzhou Zhenyun Investment Co., Ltd. | 40.25% | 171,142,853 | Restricted Shares | | Shenzhen Guangxie Investment Enterprise (Limited Partnership) | 10.17% | 43,249,099 | Restricted Shares | | Shenzhen Guangcai Investment Enterprise (Limited Partnership) | 6.78% | 28,832,734 | Restricted Shares | | Shenzhen Guangsheng Investment Enterprise (Limited Partnership) | 6.78% | 28,832,734 | Restricted Shares | | Changjiang Securities Innovation Investment (Hubei) Co., Ltd. | 2.75% | 11,711,268 | Unrestricted Shares | - As of the end of the reporting period, the total number of shareholders was **27,834**[143](index=143&type=chunk) [Bond-Related Information](index=44&type=section&id=Item%207.%20Bond-Related%20Information) This section provides details regarding the company's bond issuance and related activities [Bond-Related Information](index=44&type=section&id=Bond-Related%20Information) There is no bond-related information for the company during the reporting period [Financial Report](index=45&type=section&id=Item%208.%20Financial%20Report) This section presents the company's audited financial statements, including balance sheets, income statements, and cash flow statements [Financial Statements](index=45&type=section&id=II.%20Financial%20Statements) The financial statements show robust growth in H1 2025, with total assets increasing to 6.274 billion yuan driven by fixed asset additions, and strong operating cash flow despite negative investing cash flow due to factory construction Consolidated Financial Statement Core Data (As of June 30, 2025) | Item | Period-End Balance/Current Period Amount (RMB) | | :--- | :--- | | **Total Assets** | 6,274,075,657.34 | | **Total Liabilities** | 2,880,666,901.01 | | **Equity Attributable to Parent Company Owners** | 3,393,408,756.33 | | **Total Operating Revenue** | 2,424,753,430.89 | | **Net Profit** | 491,583,351.57 | | **Net Cash Flow from Operating Activities** | 453,102,610.13 | | **Net Cash Flow from Investing Activities** | -410,388,107.54 | [Notes to Consolidated Financial Statement Items](index=97&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) Financial statement notes detail key items, including 68.9 million yuan in restricted monetary funds, accounts receivable from top five clients at 43.46%, inventory book value of 535 million yuan, and 31.94 million yuan in share-based payment expenses - Restricted monetary funds at period-end totaled **RMB 68.9033 million**, primarily consisting of bank acceptance bill deposits, letter of credit deposits, and pre-litigation property preservation funds[408](index=408&type=chunk) - The total amount from the top five accounts receivable clients was **RMB 692 million**, accounting for **43.46%** of the accounts receivable balance at period-end[430](index=430&type=chunk) - Construction in progress balance decreased from **RMB 740 million** to **RMB 116 million** at period-end, primarily due to the transfer of Thailand and Dongguan factory projects to fixed assets during this period[468](index=468&type=chunk)[471](index=471&type=chunk) - Total expenses recognized for equity incentives in this period amounted to **RMB 31.9379 million**, recorded in capital reserves[629](index=629&type=chunk)[630](index=630&type=chunk) [Other Submitted Data](index=148&type=section&id=Item%209.%20Other%20Submitted%20Data) This section includes additional data and disclosures not covered in the main financial statements, such as investor relations activities [Investor Relations Activities](index=148&type=section&id=II.%20Registration%20Form%20for%20Research,%20Communication,%20Interview,%20and%20Other%20Activities%20During%20the%20Reporting%20Period) The company actively engaged with institutional investors through various channels, discussing its 2024 annual and Q1 2025 operating performance - During the reporting period, the company frequently communicated with institutional investors through on-site visits and online exchanges, primarily discussing its annual and quarterly operating performance[673](index=673&type=chunk)[676](index=676&type=chunk)

Group 1 - The core viewpoint of the article highlights the financial performance and stock activity of Guanghe Technology, indicating a positive growth trend in revenue and profit [1][3] - As of August 19, 2025, Guanghe Technology's stock closed at 69.56 yuan, with a slight increase of 0.43% and a trading volume of 99,300 lots, amounting to 693 million yuan [1] - The company's latest quarterly report shows total revenue of 1.117 billion yuan, a year-on-year increase of 42.41%, and a net profit attributable to shareholders of 240 million yuan, up 65.68% year-on-year [1] Group 2 - The company has made investments in three enterprises and participated in 96 bidding projects, indicating active engagement in business expansion [2] - Guanghe Technology holds 32 trademark registrations and 404 patents, reflecting a strong focus on intellectual property [2] - The company has 145 administrative licenses, showcasing its compliance and operational capabilities [2]