Group 1 - The company disclosed its half-year report for 2025 on August 19, 2025, which includes shareholder information as of June 30, 2025 [2]

Core Insights - 康强电子's total revenue for the first half of 2025 was 971 million yuan, a slight decrease of 0.37% year-on-year, while the net profit attributable to shareholders increased by 26.23% to 59.48 million yuan [1] - The company's gross margin improved by 15.19% year-on-year to 14.05%, and the net margin increased by 26.7% to 6.12% [1] - The company reported a significant increase in operating cash flow per share, which rose by 2073.78% to 0.35 yuan [1][3] Financial Performance - Total revenue for 2025 was 971 million yuan, down from 975.6 million yuan in 2024, reflecting a decline of 0.37% [1] - Net profit attributable to shareholders rose to 59.48 million yuan from 47.12 million yuan, marking a 26.23% increase [1] - The gross margin for the period was 14.05%, up from 12.20%, while the net margin improved to 6.12% from 4.83% [1] - Total expenses (selling, administrative, and financial) amounted to 55.60 million yuan, representing 5.72% of revenue, an increase of 17.75% year-on-year [1] Cash Flow and Debt - The net cash flow from operating activities increased significantly by 2073.78%, attributed to faster sales collections and increased government subsidies [3] - The company’s cash and cash equivalents increased significantly, with a net increase of 342.98% due to improved operating cash flow [3] - The company’s interest-bearing debt decreased by 8.28% to 621 million yuan, indicating a reduction in leverage [1] Business Model and Historical Performance - The company's return on invested capital (ROIC) was reported at 4.87%, indicating weak capital returns [3] - Historical data shows a median ROIC of 7.19% over the past decade, with a notable low of -1.89% in 2015 [3] - The company relies heavily on research and development for its performance, necessitating further investigation into the sustainability of this model [3]

Core Insights - The company's total revenue reached 971 million yuan, with a net profit attributable to shareholders of 59.484 million yuan, marking an increase of 12.362 million yuan compared to the same period last year, achieving a consecutive increase for two years and a year-on-year growth of 26.23% [1] Financial Performance - The company's operating cash flow net inflow was 130 million yuan, an increase of 137 million yuan compared to the same period last year [1] - The latest debt-to-asset ratio is 41.84%, a decrease of 3.12 percentage points from the same period last year [3] - The latest gross profit margin is 14.06%, an increase of 1.85 percentage points from the same period last year [3] - The latest return on equity (ROE) is 4.20%, an increase of 0.66 percentage points from the same period last year [3] - The diluted earnings per share (EPS) is 0.16 yuan, an increase of 0.03 yuan compared to the same period last year, achieving a consecutive increase for two years and a year-on-year growth of 23.08% [3] - The latest total asset turnover ratio is 0.41 times, and the latest inventory turnover ratio is 1.94 times, an increase of 0.03 times from the same period last year, achieving a consecutive increase for two years and a year-on-year growth of 1.74% [3] Shareholder Structure - The number of shareholders is 80,400, with the top ten shareholders holding 132 million shares, accounting for 35.14% of the total share capital [3] - The largest shareholder is Ningbo Pulsar Electronics Co., Ltd., holding 19.72% of the shares [3]

Group 1 - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [2] - The company’s controlling shareholder and actual controller did not change during the reporting period [4][5] - The company has no preferred shareholders or changes in preferred shareholder holdings during the reporting period [6] Group 2 - The company held its eighth board meeting on August 15, 2025, with all seven directors present, and the meeting complied with relevant regulations [8] - The board approved the 2025 semi-annual report with unanimous votes and also approved a proposal for mortgage financing using company assets [9] Group 3 - The company plans to apply for mortgage financing of up to 135 million yuan using land and property as collateral, with specific details on the property provided [18] - The financing is intended to meet the company's funding needs and is considered to have manageable financial risks [18]

Group 1 - The company announced the approval of the full text and summary of the 2025 semi-annual report by the fourth meeting of the eighth supervisory board [2] - The company also approved a proposal to apply for mortgage financing from a bank using its own assets [2]

Group 1 - The company announced the approval of the full text and summary of the 2025 semi-annual report by its eighth board of directors at the fourth meeting [2] - The company also approved a proposal to apply for mortgage financing from a bank using its own assets [2]

Group 1 - The company reported a revenue of 971 million, a year-on-year decrease of 0.37% [1] - The net profit attributable to shareholders increased to 59.48 million, representing a year-on-year growth of 26.23% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 37.32 million, showing a year-on-year increase of 7.74% [1]

二、审议批准程序 公司于 2025 年 8 月 15 日召开第八届董事会第四次会议、第八届监事会第四 次会议，审议通过了《关于以自有资产向银行申请抵押融资的议案》，在额度范 围内公司董事会授权董事长签署上述申请抵押融资事项的相关法律文件。 根据《深圳证券交易所股票上市规则》、《上市公司重大资产重组管理办法》、 《公司章程》等相关规定，公司与国家开发银行宁波市分行不存在关联关系，上 述事项不涉及关联交易，亦不构成重大资产重组，因此该事项无需提交公司股东 大会审议。 三、对公司的影响 证券代码：002119 证券简称：康强电子 公告编号：2025-034 宁波康强电子股份有限公司 关于以自有资产抵押向银行申请融资的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 宁波康强电子股份有限公司（下称"公司"）于 2025 年 8 月 15 日召开的 第八届董事会第四次会议、第八届监事会第四次会议审议通过了《关于以自有资 产向银行申请抵押融资的议案》，具体情况如下： 一、抵押融资情况概述 根据公司生产经营情况，公司拟继续申请以江阴康强的土地及房产（不动产 权证编号：苏 ...

宁波康强电子股份有限公司 2025 年半年度财务报告 宁波康强电子股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 宁波康强电子股份有限公司 2025 年半年度财务报告 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：宁波康强电子股份有限公司 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 | 206,161,470.74 | 146,500,713.75 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 122,260.00 | 1,320,910.00 | | 衍生金融资产 | | | | 应收票据 | 1,759,790.40 | 3,061,717.41 | | 应收账款 | 544,696,100.18 | 523,089,277.61 | | 应收款项融资 | 50,807,358.32 | 67,951,523.26 ...

法定代表人：叶骥 主管会计工作的负责人：殷夏容 会计机构负责人：殷夏容 上市公司 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:宁波康强电子股份有限公司 单位：万元 | 非经营性资金占用 | 资金占 用方名 | 占用方与上 市公司的关 | 上市公司核 | 2025 年期 | 2025 年半年 度占用累计 | 2025 年半年 度占用资金 | 2025 年半年 | 2025 年半年 | 占用形 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 算的会计科 | 初占用资 | | | 度偿还累计 | 度期末占用 | | 占用性质 | | | | | | | 发生金额（不 | 的利息（如 | | | 成原因 | | | | 称 | 联关系 | 目 | 金余额 | | | 发生金额 | 资金余额 | | | | | | | | | 含利息） | 有） | | | | | | 控股股东、实际控制 | | | | | | | | | | | | 人及其附属企业 | | | | | | ...