证券代码：002137 证券简称：实益达 公告编号：2025-031 深圳市实益达科技股份有限公司 1、业务介绍 票据池业务是指银行为客户提供商业汇票（以下简称"票据"）的鉴别、查 询、托管、托收等一揽子服务，并可以根据客户的需要，提供商业汇票的质押池 融资、提取、贴现、票据质押等满足企业经营需要的一种综合性票据增值服务。 公司及子公司可以在各自质押额度范围内开展融资业务，当自有质押额度不 能满足使用时，可申请占用票据池内其它成员单位的质押额度。质押票据到期后 存入保证金账户，与质押票据共同形成质押或担保额度，额度可滚动使用，保证 金余额可用新的票据置换。 2、合作银行 关于开展票据池业务的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 深圳市实益达科技股份有限公司（以下简称"公司"）于 2025 年 8 月 15 日召开第七届董事会第十一次会议审议通过了《关于开展票据池业务的议案》， 同意公司及子公司（含合并报表范围内的公司，下同）开展票据池业务，共享合 计不超过人民币 1 亿元的票据池额度，业务期限内该额度内可循环滚动使用。公 司及子公司可以根据需要 ...

2025 年半年度财务报告 2025 年 8 月 （未经审计） 深圳市实益达科技股份有限公司 2025 年半年度财务报告 证券代码：002137 证券简称：实益达 深圳市实益达科技股份有限公司 （注册地址：深圳市龙岗区宝龙工业城宝龙六路实益达科技园） | 一、审计报告 | 3 | | --- | --- | | 二、财务报表 | 3 | | 三、公司基本情况 20 | | | 四、财务报表的编制基础 21 | | | 五、重要会计政策及会计估计 | 21 | | 六、税项 37 | | | 七、合并财务报表项目注释 | 39 | | 八、研发支出 | 94 | | 九、合并范围的变更 | 95 | | 十、在其他主体中的权益 98 | | | 十一、政府补助 104 | | | 十二、与金融工具相关的风险 | 105 | | 十三、公允价值的披露 | 109 | | 十四、关联方及关联交易 111 | | | 十五、股份支付 114 | | | 十六、承诺及或有事项 | 114 | | 十七、资产负债表日后事项 | 115 | | 十八、其他重要事项 | 116 | | 十九、母公司财务报表主要项目注释 | ...

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：深圳市实益达科技股份有限公司 | | | | | | | | | | 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 公司的关联关 | 上市公司核算的 | 2025年期初 占用资金余 | 2025年半年 度占用累计 | 2025年半年 度占用资金 | 2025年半年 度偿还累计 | 2025年6月期 末占用资金 | 占用形成原因 | 占用性质 | | | | 系 | 会计科目 | 额 | 发生金额(不 含利息) | 的利息(如 有) | 发生金额 | 余额 | | | | 控股股东、实际控制人及其 | | | | | | | | - | | 非经营性占用 | | 附属企业 | | | | | | | | | | 非经营性占用 | | 小计 | — | — | — | - | - | - | - | - | | | | 前控股股东、实际控制人及 | | | | | | | | ...

证券代码：002137 证券简称：实益达 公告编号：2025-032 深圳市实益达科技股份有限公司 关于使用部分自有闲置资金进行现金管理的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示： 1、投资种类：为提高公司 (含合并报表范围内的公司，下同)自有资金使用效率， 在不影响正常经营及业务发展的情况下，公司拟使用部分自有闲置资金进行现金管理， 现金管理产品主要包括（但不限于）银行结构性存款、券商收益凭证及其他安全性较高 或流动性较好的低风险理财产品。 2、资金额度：最高额度不超过人民币 100,000 万元，在该额度内，资金可以滚动使 用。 3、特别风险提示：公司使用自有闲置资金进行现金管理时，选择安全性较高或流动 性较好的低风险理财产品。但金融市场受宏观经济的影响较大，不排除该项投资受到市 场波动风险、流动性风险、操作性风险等因素影响，导致投资实际收益未能达到预期水 平。 一、概述 1、投资目的：为提高公司自有资金使用效率，在不影响正常经营及业务发展的情 况下，为进一步拓宽资金投资渠道，增加投资收益，使用部分自有闲置资金进行现金管 理。 2、投资 ...

为真实反映公司的财务状况和经营成果，根据《企业会计准则》的有关规定， 公司在报告期末对公司出现减值迹象的相关资产进行了全面清查与分析，按资产 类别进行了测试。2025 年 1-6 月，公司对其他非流动金融资产确认公允价值变 动损益金额为人民币-1,214.64 万元。 二、本次确认其他非流动金融资产公允价值变动的说明 根据新金融工具准则的要求，公司在2025年6月30日对其他非流动金融资产 的公允价值进行重新确认。对于金融工具存在活跃市场的，公司采用活跃市场中 的报价确定其公允价值；公司持有的未上市股权投资，公司根据被投资公司情况， 依据账面净资产、近期融资价格及市场乘数法等估值方式计算公允价值。如采用 市场乘数法中的上市公司比较法，则根据同类企业的市场价值参考确定其公允价 值。结合公司对参股公司情况的了解及分析，及参股公司的报表情况等，对各参 股公司的公允价值进行测算，确认公允价值变动损益。2025年1-6月公司对其他 非流动金融资产确认了公允价值变动损益为人民币-1,214.64万元，具体金额情 况如下： （1）公司根据上述评估方法对参股公司上海富数科技有限公司的投资进行 了评估，对其确认公允价值变动损益 ...

证券代码：002137 证券简称：实益达 公告编号：2025-034 深圳市实益达科技股份有限公司 关于召开 2025 年第二次临时股东会的通知 1、股东会届次：2025 年第二次临时股东会 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 9 月 4 日 上午 9:15—9:25，9:30—11:30，下午 13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 9 月 4 日 9:15 —15:00 期间的任意时间。 2、会议召集人：公司董事会。公司第七届董事会第十一次会议审议通过了《关 于召开 2025 年第二次临时股东会的议案》。 3、会议召开的合法、合规性：本次股东会拟审议的有关事项已经公司第七届 董事会第十一次会议审议通过，本次股东会的召开符合有关法律、行政法规、部门 规章、规范性文件和公司章程等的规定。 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 4、会议召开日期和时间： 深圳市实益达科技股份有限公司（以下简称"公司"）第七届董事会第十一次 会议于2025年8月15日审议并通过了《关于召开2025年 ...

证券代码：002137 证券简称：实益达 公告编号：2025-030 深圳市实益达科技股份有限公司 第七届董事会第十一次会议决议公告 二、董事会会议审议情况 1、审议通过《2025 年半年度报告全文及摘要》 《 2025 年 半 年 度 报 告 》 全 文 刊 登 于 2025 年 8 月 19 日 巨 潮 资 讯 网 （www.cninfo.com.cn）；《2025 年半年度报告摘要》刊登于 2025 年 8 月 19 日《证 券时报》及巨潮资讯网(www.cninfo.com.cn)。 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 深圳市实益达科技股份有限公司（以下简称"公司"）第七届董事会第十一 次会议通知于 2025 年 8 月 5 日以书面、电子邮件等方式送达各位董事，会议于 2025 年 8 月 15 日在深圳市龙岗区宝龙街道宝龙社区锦龙一路 10 号实益达锦龙 厂区会议室以现场结合通讯的表决方式召开。会议应出席董事 5 人，实际出席董 事 5 人，独立董事陶向南先生因工作原因，以通讯方式参加。公司董事长陈亚妹 女士主持召开了 ...

Section 1 Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=Important%20Notice) The Board of Directors and senior management guarantee the report's accuracy, highlighting key risks including macroeconomic volatility, investment fair value changes, and trade friction, with no plans for dividend distribution - The company's Board of Directors and senior management guarantee the truthfulness, accuracy, and completeness of the report content, assuming legal responsibility[4](index=4&type=chunk) - Key risks faced by the company include macroeconomic fluctuations, fair value changes in investment projects, business expansion, escalating Sino-US trade friction and exchange rate fluctuations, litigation (arbitration), and customer concentration[4](index=4&type=chunk) - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section outlines the report's structure, covering company overview, management discussion, governance, significant matters, share changes, bonds, financial reports, and other data [Reference Documents](index=4&type=section&id=Reference%20Documents) Reference documents include signed financial statements and original public announcements, available at the company's Board Secretary Office - Reference documents include accounting statements signed and sealed by the company's legal representative, chief financial officer, and head of accounting department[9](index=9&type=chunk) - Original copies of all company documents and announcements publicly disclosed on the China Securities Regulatory Commission's designated website, cninfo.com.cn, during the reporting period are also available as reference documents[9](index=9&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines key terms used in the report, such as company names, actual controllers, reporting period, and relevant technologies, for clear understanding - "Listed Company," "Seastar," "the Company," and "Company" all refer to Shenzhen Seastar Technology Co., Ltd[10](index=10&type=chunk) - The actual controllers are Mr. Chen Yamei and Mr. Qiao Xin[10](index=10&type=chunk) - The reporting period refers to January 1, 2025, to June 30, 2025[10](index=10&type=chunk) Section 2 Company Profile and Key Financial Indicators [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) Shenzhen Seastar Technology Co., Ltd. (stock code: 002137) is listed on the Shenzhen Stock Exchange, with Chen Yamei as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Seastar | | Stock Code | 002137 | | Former Stock Abbreviation | Maida Digital | | Stock Exchange | Shenzhen Stock Exchange | | Company's Chinese Name | 深圳市实益达科技股份有限公司 | | Company's Legal Representative | Chen Yamei | [II. Contact Person and Information](index=6&type=section&id=II.%20Contact%20Person%20and%20Information) The company's Board Secretary and Securities Affairs Representative's contact details, including address, phone, and email, are provided Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Yuan Suhua | Seastar Jinlong Industrial Park, No. 10 Jinlong 1st Road, Baolong Community, Baolong Street, Longgang District, Shenzhen | 0755-29672878 | 0755-86000766 | dmb@zg-seastar.com | | Securities Affairs Representative | Feng Min | Seastar Jinlong Industrial Park, No. 10 Jinlong 1st Road, Baolong Community, Baolong Street, Longgang District, Shenzhen | 0755-29672878 | 0755-86000766 | dmb@zg-seastar.com | [III. Other Information](index=6&type=section&id=III.%20Other%20Information) The company's registered address, office address, website, email, and information disclosure locations remained unchanged during the reporting period - The company's registered address, office address, website, and email remained unchanged during the reporting period[14](index=14&type=chunk) - Information disclosure and document storage locations remained unchanged during the reporting period[15](index=15&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's H1 2025 revenue decreased by 2.38%, net profit attributable to shareholders fell by 36.55%, and operating cash flow turned negative Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | % Change from Prior Year Period | | :--- | :--- | :--- | :--- | | Operating Revenue | 309,200,228.17 | 316,743,850.03 | -2.38% | | Net Profit Attributable to Listed Company Shareholders | 15,464,424.22 | 24,374,192.26 | -36.55% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-Recurring Gains/Losses) | 18,258,188.66 | 18,637,049.20 | -2.03% | | Net Cash Flow from Operating Activities | -38,333,083.53 | 40,002,338.67 | -195.83% | | Basic Earnings Per Share (Yuan/share) | 0.0268 | 0.0422 | -36.49% | | Diluted Earnings Per Share (Yuan/share) | 0.0268 | 0.0422 | -36.49% | | Weighted Average Return on Net Assets | 1.04% | 1.60% | -0.56% | | Indicator | End of Current Reporting Period (Yuan) | End of Prior Year (Yuan) | % Change from End of Prior Year | | :--- | :--- | :--- | :--- | | Total Assets | 1,888,754,127.68 | 1,947,605,423.64 | -3.02% | | Net Assets Attributable to Listed Company Shareholders | 1,497,081,224.75 | 1,481,783,534.47 | 1.03% | [V. Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Overseas%20Accounting%20Standards) The company reported no differences in net profit or net assets between international/overseas accounting standards and Chinese accounting standards - The company reported no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards during the reporting period[18](index=18&type=chunk) - The company reported no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards during the reporting period[19](index=19&type=chunk) [VI. Non-Recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring gains and losses totaled -2,793,764.44 Yuan, primarily due to fair value changes in investee companies and investment income Non-Recurring Gains and Losses for H1 2025 | Item | Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Gains or losses from disposal of non-current assets | -144,802.30 | Primarily due to losses from disposal of fixed assets | | Government grants recognized in current profit or loss | 323,390.59 | Primarily due to government grants received | | Fair value changes in financial assets and liabilities, and investment income from disposal of financial assets and liabilities (excluding effective hedging related to normal business operations) | -12,039,325.68 | Primarily due to fair value changes in some investee companies | | Gains or losses from entrusted investments or asset management | 8,576,143.95 | Primarily due to income from purchasing cash management products from financial institutions | | Other non-operating income and expenses apart from the above | 1,432,386.40 | Primarily due to compensation received | | Less: Income tax impact | 655,484.98 | | | Less: Impact on minority interests (after tax) | 286,072.42 | | | Total | -2,793,764.44 | | Section 3 Management Discussion and Analysis [I. Main Businesses of the Company During the Reporting Period](index=9&type=section&id=I.%20Main%20Businesses%20of%20the%20Company%20During%20the%20Reporting%20Period) The company focuses on smart hardware manufacturing, including industrial equipment, new energy products, and LED smart lighting, benefiting from digital technology and policy support - The company's main businesses focus on smart hardware manufacturing and smart terminal products, including semiconductor packaging and testing equipment components, new energy products (such as inverters, automotive electronics), and LED smart lighting products[24](index=24&type=chunk) - The company's operating model primarily involves organizing material procurement, production, and sales based on customer orders, with smart terminal product sales conducted through ODM and proprietary brand sales in domestic and international markets[24](index=24&type=chunk) - With the rapid development of digital technologies such as 5G, cloud computing, and artificial intelligence, smart hardware products are evolving towards high-end and diversified applications, and the new energy product market will further expand[26](index=26&type=chunk) - It is projected that by 2030, the usage of high-efficiency and energy-saving lamps like LEDs will exceed **80%**, and by 2025, the secondary replacement demand for LED lighting will surpass initial replacement and new installation demand, becoming a key market driver[27](index=27&type=chunk) [II. Analysis of Core Competencies](index=9&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core strengths include product and customer advantages, robust supply chain management, efficient service capabilities, and an excellent team and organizational structure - Through technological innovation and R&D investment, the company has entered the supply chains of leading domestic and international enterprises such as ABL, ASM PT, and Signify, and has expanded new customers in automotive electronics, new energy, and IoT sectors, showing significant new order demand[29](index=29&type=chunk) - The company possesses leading domestic production, supply chain services, quality control, and cost management capabilities, having accumulated mature experience in procurement, inventory management, and logistics management[30](index=30&type=chunk) - The company has established a comprehensive partnership mechanism, emphasizing a combination of short-term and long-term incentives, continuously strengthening talent acquisition and development, and optimizing its talent structure[32](index=32&type=chunk) [III. Analysis of Main Business](index=10&type=section&id=III.%20Analysis%20of%20Main%20Business) Revenue decreased by 2.38% due to reduced orders, while net profit attributable to shareholders dropped 36.55% mainly from fair value losses in investee companies Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 309,200,228.17 | 316,743,850.03 | -2.38% | Primarily due to reduced customer orders during the reporting period | | Net Profit Attributable to Listed Company Shareholders | 15,464,424.22 | 24,374,192.26 | -36.55% | Primarily due to significant fair value change losses recognized from investee companies during the reporting period | | Net Cash Flow from Operating Activities | -38,333,083.53 | 40,002,338.67 | -195.83% | Primarily due to increased payment of matured supplier acceptance bills and more payments for goods settled by net method | | R&D Investment | 15,113,006.15 | 13,937,795.65 | 8.43% | Primarily due to increased R&D investment and higher labor costs during the reporting period | | Fair Value Change Income | -12,382,954.67 | -1,309,080.14 | -845.93% | Primarily due to fair value change losses recognized from investee companies during the reporting period | Operating Revenue Composition (by Product and Region) | Category | Current Reporting Period Amount (Yuan) | % of Operating Revenue | Prior Year Period Amount (Yuan) | % of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **By Product** | | | | | | | Smart Terminal Products | 226,354,394.95 | 73.21% | 261,373,444.84 | 82.52% | -13.40% | | Smart Hardware Manufacturing | 81,943,537.03 | 26.50% | 53,765,910.72 | 16.97% | 52.41% | | **By Region** | | | | | | | Overseas | 204,174,730.27 | 66.03% | 242,980,272.42 | 76.71% | -15.97% | | Domestic | 105,025,497.90 | 33.97% | 73,763,577.61 | 23.29% | 42.38% | Gross Profit Margin Changes for Products and Regions Accounting for Over 10% of Operating Revenue | Category | Operating Revenue Year-on-Year Change | Operating Cost Year-on-Year Change | Gross Profit Margin Year-on-Year Change | | :--- | :--- | :--- | :--- | | Smart Terminal Products | -13.40% | -13.00% | -0.34% | | Smart Hardware Manufacturing | 52.41% | 37.35% | 9.31% | | Overseas | -15.97% | -14.64% | -1.14% | | Domestic | 42.38% | 28.01% | 9.19% | [IV. Analysis of Non-Main Business](index=12&type=section&id=IV.%20Analysis%20of%20Non-Main%20Business) Non-operating activities significantly impacted total profit, with investment income contributing positively and fair value changes negatively Impact of Non-Main Business on Total Profit | Item | Amount (Yuan) | % of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 8,839,250.38 | 30.69% | Primarily due to wealth management income generated during the reporting period | No | | Fair Value Change Income | -12,382,954.67 | -42.99% | Primarily due to fair value change losses recognized from investee companies during the reporting period | No | | Asset Impairment | -4,651,486.41 | -16.15% | Primarily due to inventory depreciation provision made during the reporting period | No | | Non-Operating Income | 1,452,838.66 | 5.04% | Primarily due to compensation received during the reporting period | No | | Other Income | 2,959,751.22 | 10.28% | Primarily due to government grants received during the reporting period | No | [V. Analysis of Assets and Liabilities](index=12&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets decreased by 3.02%, with notable changes in cash, inventory, and a significant increase in non-current assets due within one year Significant Changes in Asset Composition | Item | Period-End Amount (Yuan) | % of Total Assets | Prior Year-End Amount (Yuan) | % of Total Assets | % Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 67,573,159.49 | 3.58% | 126,156,714.89 | 6.48% | -2.90% | Primarily due to increased payment of matured supplier acceptance bills and more payments for goods settled by net method during the reporting period | | Inventory | 167,546,483.46 | 8.87% | 139,278,999.81 | 7.15% | 1.72% | Primarily due to increased inventory preparation during the reporting period | | Trading Financial Assets | 108,649,787.93 | 5.75% | 135,692,546.92 | 6.97% | -1.22% | Primarily due to a decrease in wealth management products classified as trading financial assets at the end of the reporting period | | Debt Investments | 230,436,227.02 | 12.20% | 482,893,150.55 | 24.79% | -12.59% | Primarily due to a decrease in wealth management products classified as debt investments at the end of the reporting period | | Non-Current Assets Due Within One Year | 345,979,820.82 | 18.32% | 54,301,191.78 | 2.79% | 15.53% | Primarily due to an increase in debt investment wealth management products due within one year at the end of the reporting period | Asset Rights Restriction Status as of Reporting Period End | Item | Book Value as of June 30, 2025 (Yuan) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 30,644,534.22 | Of which: bank deposits of 8,418,187.70 Yuan were frozen due to litigation; other monetary funds of 22,226,346.52 Yuan were for acceptance bill deposits, performance bonds, etc. | | Non-Current Assets Due Within One Year | 10,000,000.00 | Pledged for issuing bank acceptance bills | | Total | 40,644,534.22 | | [VI. Analysis of Investment Status](index=15&type=section&id=VI.%20Analysis%20of%20Investment%20Status) Total investment decreased by 32.76%, and the company engaged in forward foreign exchange contracts for hedging purposes to mitigate currency risks Investment Amount for the Reporting Period | Investment Amount for the Reporting Period (Yuan) | Investment Amount for the Prior Year Period (Yuan) | Change Rate | | :--- | :--- | :--- | | 15,587,484.42 | 23,182,777.64 | -32.76% | Derivative Investments for Hedging Purposes | Derivative Investment Type | Initial Investment Amount (CNY 10,000) | Period-End Amount (CNY 10,000) | Actual Gain/Loss for the Period (CNY 10,000) | | :--- | :--- | :--- | :--- | | Forward Foreign Exchange Contracts | 700.87 | 0 | -17.91 | - The company conducts foreign exchange hedging to lock in exchange rate risks, avoiding speculative or arbitrage transactions, and has established an "Internal Control System for Forward Foreign Exchange Transactions" to manage risks[51](index=51&type=chunk) [VII. Significant Asset and Equity Sales](index=17&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Sales) The company did not engage in any significant asset or equity sales during the reporting period - The company did not sell significant assets during the reporting period[55](index=55&type=chunk) - The company did not sell significant equity during the reporting period[56](index=56&type=chunk) [VIII. Analysis of Major Holding and Investee Companies](index=17&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Investee%20Companies) Key subsidiaries, including Shenzhen Seastar Technology, experienced revenue and profit declines due to reduced orders and fair value losses Major Subsidiaries and Investee Companies with Over 10% Impact on Company's Net Profit | Company Name | Company Type | Main Business | Registered Capital (Yuan) | Operating Revenue (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Seastar Technology Co., Ltd. | Subsidiary | Smart Hardware Business | 67,566,927.00 | 309,183,485.56 | 35,450,381.85 | | Shenzhen Qianhai Maida Digital Co., Ltd. | Subsidiary | Investment | 10,000,000.00 | 887,966.67 | -4,699,230.37 | | Shenzhen Qianhai Seastar Investment Development Co., Ltd. | Subsidiary | Investment | 20,000,000.00 | - | -9,582,779.95 | - Shenzhen Seastar Technology Co., Ltd.'s operating revenue decreased by **2.34%** year-on-year, and net profit decreased by **12.31%** year-on-year, primarily due to reduced customer orders, increased management and R&D expenses, and decreased foreign exchange gains from financial expenses[58](index=58&type=chunk) - Shenzhen Qianhai Maida Digital Co., Ltd. and Shenzhen Qianhai Seastar Investment Development Co., Ltd. reported negative net profits, mainly due to recognized fair value change losses and investment losses from investee companies[59](index=59&type=chunk) [IX. Structured Entities Controlled by the Company](index=18&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[60](index=60&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=18&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks from macroeconomic fluctuations, fair value changes, trade friction, and customer concentration, addressed by strategic adjustments and hedging - The company faces macroeconomic fluctuation risks and will adjust business and product strategies in a timely manner to reduce costs and increase efficiency[60](index=60&type=chunk) - To address escalating Sino-US trade friction and exchange rate fluctuation risks, the company is establishing a production base in Malaysia, actively expanding domestic and non-US international markets, and utilizing foreign exchange derivative tools to mitigate exchange rate risks[61](index=61&type=chunk)[62](index=62&type=chunk) - The company faces customer concentration risk and will optimize its customer structure by improving product and service quality, deeply understanding customer needs, and expanding to new customers[62](index=62&type=chunk) [XI. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=19&type=section&id=XI.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company has not established a market value management system nor disclosed any valuation enhancement plans - The company has not formulated a market value management system[63](index=63&type=chunk) - The company has not disclosed a valuation enhancement plan[63](index=63&type=chunk) [XII. Implementation of "Quality and Return Enhancement" Action Plan](index=19&type=section&id=XII.%20Implementation%20of%20%E2%80%9CQuality%20and%20Return%20Enhancement%E2%80%9D%20Action%20Plan) The company has not disclosed any "Quality and Return Enhancement" action plan - The company has not disclosed an announcement regarding the "Quality and Return Enhancement" action plan[63](index=63&type=chunk) Section 4 Corporate Governance, Environment, and Society [I. Changes in Company Directors, Supervisors, and Senior Management](index=20&type=section&id=I.%20Changes%20in%20Company%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) There were no changes in the company's directors, supervisors, or senior management during the reporting period - There were no changes in the company's directors, supervisors, and senior management during the reporting period[65](index=65&type=chunk) [II. Profit Distribution and Capital Reserve Conversion to Share Capital for the Current Reporting Period](index=20&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20for%20the%20Current%20Reporting%20Period) The company plans no cash dividends, bonus shares, or capital reserve conversions for the half-year period - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[66](index=66&type=chunk) [III. Implementation of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=20&type=section&id=III.%20Implementation%20of%20Company%27s%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[67](index=67&type=chunk) [IV. Environmental Information Disclosure](index=20&type=section&id=IV.%20Environmental%20Information%20Disclosure) The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[68](index=68&type=chunk) [V. Social Responsibility](index=20&type=section&id=V.%20Social%20Responsibility) The company upholds sustainable development by enhancing performance, ensuring compliance, protecting shareholder and employee rights, and promoting environmental protection - The company ensures the rights and interests of shareholders, especially small and medium-sized shareholders, by standardizing the procedures for convening, holding, and voting at shareholder meetings, and diligently fulfilling information disclosure obligations[68](index=68&type=chunk) - The company has established a sound corporate governance structure and internal control system to ensure the legality and compliance of operations, asset security, and the truthfulness and completeness of financial reports[68](index=68&type=chunk) - The company adheres to a people-oriented approach, caring for employees' work, life, health, and compensation, effectively protecting their rights and interests, and actively practicing low-carbon, environmentally friendly, and green office concepts[69](index=69&type=chunk) Section 5 Significant Matters [I. Commitments Fulfilled and Overdue Commitments by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During the Reporting Period](index=21&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Commitments%20by%20the%20Company%27s%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20the%20Reporting%20Period) No commitments from the actual controller, shareholders, related parties, or the company were completed or overdue during the reporting period - During the reporting period, there were no commitments made by the company's actual controller, shareholders, related parties, acquirers, or the company that were fulfilled or overdue as of the end of the reporting period[71](index=71&type=chunk) [II. Non-Operating Funds Occupied by Controlling Shareholders and Other Related Parties from the Listed Company](index=21&type=section&id=II.%20Non-Operating%20Funds%20Occupied%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20from%20the%20Listed%20Company) There were no non-operating funds occupied by controlling shareholders or other related parties from the listed company during the reporting period - During the reporting period, there were no non-operating funds occupied by controlling shareholders and other related parties from the listed company[72](index=72&type=chunk) [III. Irregular External Guarantees](index=21&type=section&id=III.%20Irregular%20External%20Guarantees) The company had no instances of illegal external guarantees during the reporting period - The company had no instances of irregular external guarantees during the reporting period[73](index=73&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=21&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual report was not audited by an accounting firm - The company's semi-annual report was not audited[74](index=74&type=chunk) [V. Explanation by the Board of Directors and Supervisory Board on the Accounting Firm's "Non-Standard Audit Report" for the Current Reporting Period](index=21&type=section&id=V.%20Explanation%20by%20the%20Board%20of%20Directors%20and%20Supervisory%20Board%20on%20the%20Accounting%20Firm%27s%20%E2%80%9CNon-Standard%20Audit%20Report%E2%80%9D%20for%20the%20Current%20Reporting%20Period) The company's Board of Directors and Supervisory Board confirmed no "non-standard audit report" was issued by the accounting firm for this period - During the reporting period, there was no "non-standard audit report" issued by the accounting firm[75](index=75&type=chunk) [VI. Explanation by the Board of Directors on the "Non-Standard Audit Report" for the Previous Year](index=21&type=section&id=VI.%20Explanation%20by%20the%20Board%20of%20Directors%20on%20the%20%E2%80%9CNon-Standard%20Audit%20Report%E2%80%9D%20for%20the%20Previous%20Year) The company's Board of Directors provided no explanation regarding a "non-standard audit report" for the previous year - During the reporting period, there was no explanation regarding the "non-standard audit report" for the previous year[75](index=75&type=chunk) [VII. Bankruptcy and Reorganization Matters](index=21&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) The company had no bankruptcy reorganization-related matters during the reporting period - The company had no bankruptcy reorganization-related matters during the reporting period[75](index=75&type=chunk) [VIII. Litigation Matters](index=21&type=section&id=VIII.%20Litigation%20Matters) The company is involved in several significant lawsuits and arbitrations, primarily advertising contract and loan disputes, with potential financial liabilities Significant Litigation and Arbitration Matters | Basic Situation of Litigation (Arbitration) | Amount Involved (CNY 10,000) | Provision for Estimated Liabilities Formed | Litigation (Arbitration) Progress | Litigation (Arbitration) Outcome and Impact | | :--- | :--- | :--- | :--- | :--- | | Aipu Yingjie (Beijing) Smart Technology Co., Ltd. demands payment of advertising fees from Lixuan Advertising through arbitration | 1,008.01 | Yes | Awaiting ruling | The arbitration tribunal ruled that Lixuan Advertising should pay 5,141,000 Yuan plus overdue payment penalties and arbitration fees; Lixuan Advertising's applications for revocation and non-enforcement were rejected; an online hearing has been conducted, awaiting ruling | | Beijing Mingrui Interactive Technology Culture Communication Co., Ltd. demands payment of advertising fees from Lixuan Advertising through arbitration | 2,212.07 | Yes | Awaiting ruling | The arbitration tribunal ruled that Lixuan Advertising should pay 12,857,500 Yuan plus overdue payment penalties and arbitration fees; Lixuan Advertising's applications for revocation and non-enforcement were rejected; an online hearing has been conducted, awaiting ruling | | Beijing Datong Wuxian Media Advertising Co., Ltd. sues Shanghai Taimi Culture Communication Co., Ltd. for loan repayment and demands joint and several liability from Lixuan Advertising, Yuan Qi, and Wang Lei | 1,143.52 | No | Hearing held, no judgment yet | The original advertising contract dispute, after retrial, resulted in the revocation of the first-instance judgment and rejection of all plaintiff's claims; the plaintiff subsequently filed a new lawsuit based on the same facts as a loan dispute, which has been heard but not yet judged | - The company faces risks of monetary payment obligations due to the uncertainty of litigation (arbitration) outcomes and has engaged lawyers to actively respond[62](index=62&type=chunk) [IX. Penalties and Rectification](index=23&type=section&id=IX.%20Penalties%20and%20Rectification) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[80](index=80&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=24&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) The company, its controlling shareholder, and actual controller maintained good credit standing during the reporting period - During the reporting period, the company, its controlling shareholder, and actual controller maintained good credit standing, with no unfulfilled effective court judgments or large overdue debts[81](index=81&type=chunk) [XI. Significant Related Party Transactions](index=24&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) The company had no significant related party transactions, including asset/equity sales, joint investments, or debt/financial company dealings - The company had no related party transactions related to daily operations during the reporting period[82](index=82&type=chunk) - The company had no related party debt transactions during the reporting period[85](index=85&type=chunk) - The company had no deposits, loans, credit lines, or other financial business between its related financial companies and related parties[86](index=86&type=chunk) [XII. Significant Contracts and Their Performance](index=25&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) The company had no trust or contracting arrangements, but provided significant guarantees to subsidiaries and engaged in wealth management activities - The company had no trust arrangements during the reporting period[89](index=89&type=chunk) - The company had no contracting arrangements during the reporting period[90](index=90&type=chunk) Company Guarantees to Subsidiaries | Guaranteed Entity Name | Announcement Date of Guarantee Limit | Guarantee Limit (CNY 10,000) | Actual Occurrence Date | Actual Guarantee Amount (CNY 10,000) | Guarantee Type | Guarantee Period | Fulfilled | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Wuxi Yiming Optoelectronics Co., Ltd. | August 15, 2023 | 20,000 | February 02, 2024 | 5,000 | Joint and Several Liability Guarantee | 36 months | Yes | | Wuxi Yiming Optoelectronics Co., Ltd. | April 23, 2024 | 20,000 | March 03, 2025 | 5,000 | Joint and Several Liability Guarantee | 36 months | No | | Shenzhen Seastar Industrial Co., Ltd. | April 23, 2024 | 15,000 | March 03, 2025 | 2,500 | Joint and Several Liability Guarantee | 36 months | No | | Shenzhen Seastar Technology Co., Ltd. | April 22, 2025 | 5,000 | - | 0 | Joint and Several Liability Guarantee | - | No | | Subsidiaries within the company's consolidated scope | April 22, 2025 | 10,000 | - | 0 | - | - | No | | **Total** | | **50,000** | | **15,000** | | | | Wealth Management Activities | Specific Type | Source of Wealth Management Funds | Wealth Management Transaction Amount (CNY 10,000) | Unmatured Balance (CNY 10,000) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 66,874.49 | 66,176.49 | [XIII. Explanation of Other Significant Matters](index=27&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) The company disclosed various significant matters, including cash management, fund deregistration, credit applications, and accounting policy changes - The company disclosed announcements regarding the progress of using idle self-owned funds for cash management[98](index=98&type=chunk) - The company disclosed announcements regarding the deregistration of industrial funds[98](index=98&type=chunk) - The company disclosed announcements regarding conducting foreign exchange hedging business[98](index=98&type=chunk) - The company disclosed announcements regarding its controlling sub-subsidiary obtaining a high-tech enterprise certificate[99](index=99&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=28&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) Subsidiary significant matters included fund deregistration, credit applications, guarantees, and a high-tech enterprise certification - The company's subsidiary industrial fund processed its deregistration[100](index=100&type=chunk) - The company and its subordinate companies applied for credit lines and guarantees[100](index=100&type=chunk) - The controlling sub-subsidiary obtained a high-tech enterprise certificate[100](index=100&type=chunk) Section 6 Share Changes and Shareholder Information [I. Share Changes](index=29&type=section&id=I.%20Share%20Changes) The company's total share capital remained unchanged, with a minor increase in restricted shares due to a former supervisor's stock purchase Share Change Status | Share Type | Quantity Before This Change (shares) | % Before This Change | Increase/Decrease in This Change (shares) | Quantity After This Change (shares) | % After This Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 181,045,898 | 31.35% | 225 | 181,046,123 | 31.35% | | II. Unrestricted Shares | 396,458,956 | 68.65% | -225 | 396,458,731 | 68.65% | | III. Total Shares | 577,504,854 | 100.00% | 0 | 577,504,854 | 100.00% | - The share change was primarily due to Mr. Zeng Huiming, a former supervisor of the company, purchasing **300 shares** of company stock on January 7, 2025 (after his departure, outside the blackout period), resulting in an increase of **225 restricted shares**[104](index=104&type=chunk) Restricted Share Changes | Shareholder Name | Restricted Shares at Period Start (shares) | Restricted Shares Increased This Period (shares) | Restricted Shares at Period End (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Zeng Huiming | 0 | 225 | 225 | Senior executive restricted shares, resigned on September 5, 2024 | [II. Securities Issuance and Listing](index=30&type=section&id=II.%20Securities%20Issuance%20and%20Listing) The company had no securities issuance or listing activities during the reporting period - The company had no securities issuance or listing activities during the reporting period[106](index=106&type=chunk) [III. Company Shareholder Numbers and Shareholding Status](index=30&type=section&id=III.%20Company%20Shareholder%20Numbers%20and%20Shareholding%20Status) As of the reporting period end, the company had 65,550 common shareholders, with the actual controllers holding 41.80% of shares - As of the end of the reporting period, the total number of common shareholders was **65,550**[107](index=107&type=chunk) Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio | Shares Held at Period End (shares) | Restricted Shares Held (shares) | Unrestricted Shares Held (shares) | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Chen Yamei | Domestic Natural Person | 30.87% | 178,264,899 | 133,698,674 | 44,566,225 | Frozen 3,612,737 shares (released) | | Qiao Xin | Domestic Natural Person | 10.93% | 63,127,032 | 47,345,274 | 15,781,758 | Frozen 3,612,737 shares (released) | - Mr. Qiao Xin and Ms. Chen Yamei are husband and wife, acting in concert[108](index=108&type=chunk) - The frozen shares of the company's top ten shareholders, Chen Yamei and Qiao Xin, were all released in July 2025[109](index=109&type=chunk) [IV. Shareholding Changes of Directors, Supervisors, and Senior Management](index=32&type=section&id=IV.%20Shareholding%20Changes%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period - There were no changes in the shareholding status of the company's directors, supervisors, and senior management during the reporting period[111](index=111&type=chunk) [V. Changes in Controlling Shareholder or Actual Controller](index=32&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[112](index=112&type=chunk) - The company's actual controller remained unchanged during the reporting period[112](index=112&type=chunk) [VI. Preferred Share Information](index=32&type=section&id=VI.%20Preferred%20Share%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[113](index=113&type=chunk) Section 7 Bond-Related Information [Bond-Related Information](index=33&type=section&id=Bond-Related%20Information) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[115](index=115&type=chunk) Section 8 Financial Report [I. Audit Report](index=34&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[116](index=116&type=chunk) [II. Financial Statements](index=34&type=section&id=II.%20Financial%20Statements) This section presents the company's H1 2025 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in equity - This section includes the consolidated balance sheet, parent company balance sheet, consolidated income statement, parent company income statement, consolidated cash flow statement, parent company cash flow statement, consolidated statement of changes in owner's equity, and parent company statement of changes in owner's equity[117](index=117&type=chunk) [1. Consolidated Balance Sheet](index=34&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of June 30, 2025, consolidated total assets were 1,888,754,127.68 Yuan, a 3.02% decrease from the beginning of the period Consolidated Balance Sheet Key Data | Item | Period-End Balance (Yuan) | Period-Start Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 1,888,754,127.68 | 1,947,605,423.64 | | Total Current Assets | 908,918,849.81 | 693,427,171.86 | | Total Non-Current Assets | 979,835,277.87 | 1,254,178,251.78 | | Total Liabilities | 322,333,090.10 | 402,605,396.75 | | Total Owner's Equity | 1,566,421,037.58 | 1,545,000,026.89 | [2. Parent Company Balance Sheet](index=36&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were 1,416,514,912.99 Yuan, a slight decrease from the beginning of the period Parent Company Balance Sheet Key Data | Item | Period-End Balance (Yuan) | Period-Start Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 1,416,514,912.99 | 1,426,860,817.61 | | Total Current Assets | 573,717,182.42 | 244,891,341.34 | | Total Non-Current Assets | 842,797,730.57 | 1,181,969,476.27 | | Total Liabilities | 28,777,004.27 | 42,011,525.17 | | Total Owner's Equity | 1,387,737,908.72 | 1,384,849,292.44 | [3. Consolidated Income Statement](index=38&type=section&id=3.%20Consolidated%20Income%20Statement) In H1 2025, consolidated total operating revenue was 309,200,228.17 Yuan, a 2.38% decrease, with net profit attributable to parent company shareholders down 36.55% Consolidated Income Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 309,200,228.17 | 316,743,850.03 | | Total Operating Costs | 276,914,687.94 | 280,716,709.37 | | Total Profit | 28,803,440.63 | 40,660,922.06 | | Net Profit | 23,470,904.10 | 34,859,549.79 | | Net Profit Attributable to Parent Company Shareholders | 15,464,424.22 | 24,374,192.26 | | Basic Earnings Per Share (Yuan/share) | 0.0268 | 0.0422 | [4. Parent Company Income Statement](index=40&type=section&id=4.%20Parent%20Company%20Income%20Statement) In H1 2025, the parent company's operating revenue increased by 16.77% to 6,643,690.11 Yuan, and net profit increased by 106.61% Parent Company Income Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Operating Revenue | 6,643,690.11 | 5,689,345.26 | | Operating Profit | 2,941,862.65 | 2,451,885.81 | | Total Profit | 2,941,862.65 | 2,456,885.81 | | Net Profit | 2,888,616.28 | 1,398,111.38 | [5. Consolidated Cash Flow Statement](index=42&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) In H1 2025, consolidated net cash flow from operating activities was -38,333,083.53 Yuan, a 195.83% decrease, turning negative Consolidated Cash Flow Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -38,333,083.53 | 40,002,338.67 | | Net Cash Flow from Investing Activities | -16,668,246.29 | -50,874,406.82 | | Net Cash Flow from Financing Activities | 4,997,114.01 | 7,903,687.21 | | Net Increase in Cash and Cash Equivalents | -49,855,165.54 | -1,214,623.93 | [6. Parent Company Cash Flow Statement](index=43&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) In H1 2025, the parent company's net cash flow from operating activities was -126,155,796.29 Yuan, with net cash from investing activities at 124,161,567.55 Yuan Parent Company Cash Flow Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -126,155,796.29 | -171,130,670.65 | | Net Cash Flow from Investing Activities | 124,161,567.55 | 171,389,658.80 | | Net Cash Flow from Financing Activities | -15,346.00 | -13,950.10 | | Net Increase in Cash and Cash Equivalents | -2,012,169.44 | 248,848.07 | [7. Consolidated Statement of Changes in Owner's Equity](index=44&type=section&id=7.%20Consolidated%20Statement%20of%20Changes%20in%20Owner%27s%20Equity) As of June 30, 2025, consolidated owner's equity totaled 1,566,421,037.58 Yuan, a 1.39% increase, with net profit attributable to parent company owners at 15,464,424.22 Yuan Consolidated Statement of Changes in Owner's Equity Key Data | Item | Period-Start Balance (Yuan) | Change Amount for Current Period (Yuan) | Period-End Balance (Yuan) | | :--- | :--- | :--- | :--- | | Total Owner's Equity Attributable to Parent Company | 1,481,783,534.47 | 15,297,690.28 | 1,497,081,224.75 | | Minority Interests | 63,216,492.42 | 6,123,320.41 | 69,339,812.83 | | Total Owner's Equity | 1,545,000,026.89 | 21,421,010.69 | 1,566,421,037.58 | [8. Parent Company Statement of Changes in Owner's Equity](index=48&type=section&id=8.%20Parent%20Company%20Statement%20of%20Changes%20in%20Owner%27s%20Equity) As of June 30, 2025, the parent company's owner's equity totaled 1,387,737,908.72 Yuan, a 0.21% increase, with net profit at 2,888,616.28 Yuan Parent Company Statement of Changes in Owner's Equity Key Data | Item | Period-Start Balance (Yuan) | Change Amount for Current Period (Yuan) | Period-End Balance (Yuan) | | :--- | :--- | :--- | :--- | | Total Owner's Equity | 1,384,849,292.44 | 2,888,616.28 | 1,387,737,908.72 | | Retained Earnings | -217,090,567.27 | 2,888,616.28 | -214,201,950.99 | [III. Company Basic Information](index=51&type=section&id=III.%20Company%20Basic%20Information) Shenzhen Seastar Technology Co., Ltd., established in 1998 and listed in 2007, focuses on smart hardware manufacturing and LED smart lighting - The company's predecessor, Shenzhen Seastar Industrial Co., Ltd., was established on June 5, 1998, and listed on the Shenzhen Stock Exchange on June 13, 2007[148](index=148&type=chunk)[149](index=149&type=chunk) - The company's registered capital is **577,504,854 Yuan**, with a total of **577,504,854 shares**[149](index=149&type=chunk) - The company continues to focus on the smart hardware sector, with its main products and services including semiconductor packaging and testing equipment components, new energy-related products, and LED smart lighting and related smart terminal products[149](index=149&type=chunk) [IV. Basis of Financial Statement Preparation](index=52&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) The company's financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue operations for the next 12 months - The company's financial statements are prepared on a going concern basis[151](index=151&type=chunk) - There are no matters or circumstances that would cause significant doubt about the company's ability to continue as a going concern for the 12 months from the end of the reporting period[152](index=152&type=chunk) [V. Significant Accounting Policies and Estimates](index=52&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's accounting policies for financial instruments, inventory, fixed assets, intangible assets, and revenue recognition, affirming compliance with accounting standards - The financial statements prepared by the company comply with the requirements of enterprise accounting standards, truthfully and completely reflecting the company's financial position, operating results, and cash flows[154](index=154&type=chunk) - The company's operating cycle is one year, and 12 months is used as the liquidity classification standard for assets and liabilities[156](index=156&type=chunk) - The company uses valuation techniques that are applicable under current circumstances and supported by sufficient available data and other information to determine the fair value of relevant financial assets and financial liabilities[168](index=168&type=chunk) [VI. Taxes](index=68&type=section&id=VI.%20Taxes) The company's main taxes include VAT, corporate income tax, and surcharges, with several subsidiaries enjoying high-tech enterprise tax incentives Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Domestic sales; provision of processing, repair, and maintenance services, etc. | 13%, 9%, 6%, 3%, 0% | | Corporate Income Tax | Taxable income | 25%, 24%, 20%, 17%, 16.50%, 15%, 8.25% | | Urban Maintenance and Construction Tax | Actual amount of turnover tax paid | 7%, 5% | | Education Surcharge | Actual amount of turnover tax paid | 3% | | Local Education Surcharge | Actual amount of turnover tax paid | 2% | | Cultural Construction Fee | Taxable income (advertising industry) | 3% | | Property Tax | Based on 70% of original property value (or rental income) | 12%, 1.2% | - Shenzhen Seastar Industrial Co., Ltd., Wuxi Yiming Optoelectronics Co., Ltd., Shenzhen Seastar Smart Technology Co., Ltd., and Jiangsu Seastar Smart Optoelectronics Co., Ltd. are recognized as high-tech enterprises and are subject to a **15%** preferential corporate income tax rate[223](index=223&type=chunk)[224](index=224&type=chunk) - Some subsidiaries are subject to a **20%** corporate income tax rate for small and micro-enterprises and enjoy tax incentives such as reduced cultural construction fees and additional VAT deductions for advanced manufacturing enterprises[224](index=224&type=chunk)[225](index=225&type=chunk)[226](index=226&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=70&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes on consolidated financial statement items, including changes in cash, inventory, non-current assets, and impacts of fair value changes and litigation Period-End Balance of Monetary Funds | Item | Period-End Balance (Yuan) | | :--- | :--- | | Bank Deposits | 45,346,780.83 | | Other Monetary Funds | 22,226,378.66 | | Total | 67,573,159.49 | | Of which: Total funds deposited overseas | 14,572,239.41 | - Among other monetary funds, **22,226,346.52 Yuan** are for bank acceptance bill deposits, performance bonds, etc., and an additional **8,418,187.70 Yuan** in bank deposits are frozen due to litigation[230](index=230&type=chunk) Period-End Book Balance of Accounts Receivable | Aging | Period-End Book Balance (Yuan) | | :--- | :--- | | Within 1 year (inclusive) | 186,040,596.46 | | 1 to 2 years | 321,928.38 | | 2 to 3 years | 42,900.00 | | Over 3 years | 4,319,479.00 | | Total | 190,724,903.84 | - As of the end of the reporting period, the combined period-end balance of accounts receivable and contract assets from the top five customers accounted for **67.83%** of the total[259](index=259&type=chunk) Period-End Balance of Inventory by Category | Item | Book Balance (Yuan) | Inventory Impairment Provision (Yuan) | Book Value (Yuan) | | :--- | :--- | :--- | :--- | | Raw Materials | 51,269,855.49 | 9,531,744.37 | 41,738,111.12 | | Work-in-Progress | 14,151,434.54 | 122,280.25 | 14,029,154.29 | | Finished Goods | 10,885,032.25 | 2,640,933.58 | 8,244,098.67 | | Goods in Transit | 46,295,459.55 | - | 46,295,459.55 | | Self-Made Semi-Finished Goods | 58,124,091.50 | 1,813,623.71 | 56,310,467.79 | | Consigned Processing Materials | 929,192.04 | - | 929,192.04 | | Total | 181,655,065.37 | 14,108,581.91 | 167,546,483.46 | - The period-end balance of debt investments due within one year was **345,979,820.82 Yuan**, a significant increase from the beginning of the period[320](index=320&type=chunk)[322](index=322&type=chunk) - The company's period-end estimated liabilities were **8,418,187.70 Yuan**, primarily due to unresolved litigation contract disputes[453](index=453&type=chunk) Operating Revenue and Operating Costs | Item | Current Period Revenue (Yuan) | Current Period Cost (Yuan) | Prior Period Revenue (Yuan) | Prior Period Cost (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 308,312,147.29 | 235,550,756.24 | 315,284,633.54 | 241,682,349.00 | | Other Business | 888,080.88 | 257,968.11 | 1,459,216.49 | 1,040,842.75 | | Total | 309,200,228.17 | 235,808,724.35 | 316,743,850.03 | 242,723,191.75 | Fair Value Change Income | Source of Fair Value Change Income | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Trading Financial Assets | -522,758.99 | -355,816.72 | | Derivative Financial Liabilities | 286,163.61 | - | | Other Non-Current Financial Assets | -12,146,359.29 | -953,263.42 | | Total | -12,382,954.67 | -1,309,080.14 | Investment Income | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Investment income from long-term equity investments accounted for using the equity method | -80,522.56 | -54,408.12 | | Investment income from disposal of trading financial assets | -179,130.00 | -19,850.00 | | Wealth management income | 9,098,902.94 | 8,427,566.40 | | Total | 8,839,250.38 | 8,362,171.91 | [VIII. Research and Development Expenses](index=125&type=section&id=VIII.%20Research%20and%20Development%20Expenses) The company's H1 2025 R&D investment was 15,113,006.15 Yuan, an 8.43% increase, with all expenditures expensed R&D Expense Details | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Employee Compensation | 12,345,808.90 | 10,787,122.83 | | Testing and Inspection Fees | 38,591.31 | 249,488.68 | | Depreciation and Amortization | 880,447.71 | 889,131.21 | | Material Consumption, Mold Fees, and Maintenance Fees | 664,190.91 | 791,942.70 | | Total | 15,113,006.15 | 13,937,795.65 | | Of which: Expensed R&D Expenditures | 15,113,006.15 | 13,937,795.65 | - All R&D expenditures for the current period were expensed, with no R&D projects meeting capitalization criteria[530](index=530&type=chunk)[531](index=531&type=chunk) [IX. Changes in Consolidation Scope](index=126&type=section&id=IX.%20Changes%20in%20Consolidation%20Scope) The company experienced no changes in its consolidation scope due to business combinations or other reasons during the reporting period - The company had no business combinations under non-common control during the reporting period[534](index=534&type=chunk) - The company had no business combinations under common control during the reporting period[538](index=538&type=chunk) - The company had no reverse acquisitions during the reporting period[542](index=542&type=chunk) [X. Interests in Other Entities](index=129&type=section&id=X.%20Interests%20in%20Other%20Entities) The company's group structure includes various subsidiaries and associates, with control over some entities achieved through voting right transfers - The company has multiple subsidiaries, with business natures covering investment, digital marketing, manufacturing, and commerce[543](index=543&type=chunk)[544](index=544&type=chunk)[545](index=545&type=chunk) - Shenzhen Seastar Technology Co., Ltd., a controlling subsidiary of the company, holds **49.00%** of Yizhilian's shares but achieves control over Yizhilian with a **51.00%** voting rights ratio through voting right transfer[545](index=545&type=chunk) Summary Financial Information of Insignificant Associates | Item | Period-End Balance/Current Period Amount (Yuan) | | :--- | :--- | | Total Book Value of Investments | 1,722.21 | | Net Profit | -80,522.56 | | Total Comprehensive Income | -80,522.56 | [XI. Government Grants](index=135&type=section&id=XI.%20Government%20Grants) Government grants recognized in H1 2025 totaled 2,187,108.96 Yuan, primarily recorded as other income, with deferred income related to assets Liability Items Involving Government Grants | Accounting Account | Period-Start Balance (Yuan) | Amount Transferred to Other Income This Period (Yuan) | Period-End Balance (Yuan) | Related to Assets/Income | | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 5,077,895.49 | 323,026.86 | 4,754,868.63 | Related to Assets | Government Grants Recognized in Current Profit or Loss | Accounting Account | Current Period Amount (Yuan) | | :--- | :--- | | Other Income | 2,187,108.96 | [XII. Risks Related to Financial Instruments](index=136&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company manages credit, liquidity, and market risks (interest rate and foreign exchange) through credit assessments, diversified financing, and derivative instruments - The company faces credit risk, liquidity risk, and market risk (interest rate risk and foreign exchange risk)[560](index=560&type=chunk) - The company manages credit risk by conducting credit assessments of customers and monitoring the balance of accounts receivable; the top five customers' accounts receivable account for **67.83%** of the total[570](index=570&type=chunk) - The company controls liquidity risk by comprehensively utilizing various financing methods such as bill settlement and bank loans, and by adopting an appropriate combination of long-term and short-term financing[573](index=573&type=chunk) - The company manages foreign exchange risk through derivative financial instruments such as forward foreign exchange contracts, with no unmatured forward foreign exchange contracts as of June 30, 2025[577](index=577&type=chunk) [XIII. Fair Value Disclosure](index=140&type=section&id=XIII.%20Fair%20Value%20Disclosure) The company discloses fair values of financial assets and liabilities, using active market quotes, expected returns, and valuation techniques for unlisted equity investments Period-End Fair Value of Assets Measured at Fair Value | Item | Level 1 Fair Value Measurement (Yuan) | Level 2 Fair Value Measurement (Yuan) | Level 3 Fair Value Measurement (Yuan) | Total (Yuan) | | :--- | :--- | :--- | :--- | :--- | | (I) Trading Financial Assets | - | 108,649,787.93 | - | 108,649,787.93 | | (II) Other Equity Instrument Investments | - | - | 52,545,129.11 | 52,545,129.11 | | (III) Other Non-Current Financial Assets | - | - | 391,759,960.00 | 391,759,960.00 | | Total Assets Continuously Measured at Fair Value | - | 108,649,787.93 | 444,305,089.11 | 552,954,877.04 | - The company uses active market quotes to determine the fair value of derivative financial liabilities[589](index=589&type=chunk) - The company estimates the fair value of trading financial assets using expected rates of return[590](index=590&type=chunk) - For unlisted equity instrument investments, the company calculates fair value based on valuation methods such as book net assets, discounted future cash flows, recent financing prices, and market multiples[591](index=591&type=chunk) [XIV. Related Parties and Related Party Transactions](index=142&type=section&id=XIV.%20Related%20Parties%20and%20Related%20Party%20Transactions) The ultimate controlling parties are Qiao Xin and Chen Yamei, with minor related party rental transactions and key management personnel compensation disclosed - The ultimate controlling parties of the company are Mr. Qiao Xin and Ms. Chen Yamei, who collectively hold **241,391,931.00 shares** of the company, representing a **41.80%** shareholding ratio[593](index=593&type=chunk) Related Party Lease Situations where the Company is the Lessee | Lessor Name | Type of Leased Asset | Rent Paid in Current Period (Yuan) | | :--- | :--- | :--- | | Shenzhen Yuantong Incubation Co., Ltd. | Property | 15,346.00 | Key Management Personnel Compensation | Item | Current Period Amount (Yuan) | | :--- | :--- | | Key Management Personnel Compensation | 3,768,542.78 | Amounts Payable to Related Parties | Item Name | Related Party | Period-End Book Balance (Yuan) | | :--- | :--- | :--- | | Other Payables | Shenzhen Seastar Electro-Acoustic Co., Ltd. | 20,853.29 | | Lease Liabilities | Shenzhen Yuantong Incubation Co., Ltd. | 189,124.31 | [XV. Share-Based Payment](index=145&type=section&id=XV.%20Share-Based%20Payment) The company report no share-based payment arrangements, including equity-settled or cash-settled plans, during the reporting period - The company had no overall share-based payment situation during the reporting period[611](index=611&type=chunk) [XVI. Commitments and Contingencies](index=145&type=section&id=XVI.%20Commitments%20and%20Contingencies) As of June 30, 2025, the company had no significant commitments but faced several material contingent liabilities from ongoing litigation - As of June 30, 2025, the company had no significant commitments requiring disclosure[611](index=611&type=chunk) - The company has several significant contingent matters, primarily involving advertising contract disputes and loan disputes of its subsidiary Lixuan Advertising, with some cases having been heard but not yet judged or awaiting ruling[612](index=612&type=chunk) [XVII. Events After the Balance Sheet Date](index=146&type=section&id=XVII.%20Events%20After%20the%20Balance%20Sheet%20Date) As of August 15, 2025 (the date the report was approved by the Board), the company had no significant subsequent events requiring disclosure, such as non-adjusting events or profit distribution - As of August 15, 2025 (the date the Board of Directors approved the report), the company had no significant subsequent events requiring disclosure[616](index=616&type=chunk) [XVIII. Other Significant Matters](index=147&type=section&id=XVIII.%20Other%20Significant%20Matters) The company reported no prior period accounting error corrections, debt restructurings, asset swaps, annuity plans, or discontinued operations - The company had no prior period accounting error corrections during the reporting period[617](index=617&type=chunk) - The company had no debt restructuring, asset replacement, annuity plans, or discontinued operations during the reporting period[620](index=620&type=chunk) - The company has no reportable segments; its main operating activities are smart hardware manufacturing, R&D, production, and sales of smart terminal products, managed as a whole[622](index=622&type=chunk) [XIX. Notes to Major Items in Parent Company Financial Statements](index=148&type=section&id=XIX.%20Notes%20to%20Major%20Items%20in%20Parent%20Company%20Financial%20Statements) This section details parent company financial statement items, including zero accounts receivable, significant intercompany receivables, and investment income from wealth management - The parent company's accounts receivable period-end book balance was **0**[624](index=624&type=chunk) Parent Company Other Receivables by Nature of Funds | Nature of Funds | Period-End Book Balance (Yuan) | | :--- | :--- | | Receivables from related parties within the consolidated scope | 275,502,167.81 | | Other receivables | 260,047.12 | | Total | 275,762,214.93 | Parent Company Investments in Subsidiaries | Investee Unit | Period-End Balance (Book Value) (Yuan) | | :--- | :--- | | Kaiyang Trading (Hong Kong) Co., Ltd. | 396,546.00 | | Wuxi Seastar Electronics Co., Ltd. | 286,277,179.53 | | Shenzhen Qianhai Seastar Investment Development Co., Ltd. | 1,003,737.36 | | Shenzhen Seastar Technology Co., Ltd. | 199,117,000.00 | | Shenzhen Qianhai Maida Digital Co., Ltd. | 18,857,621.84 | | Wuxi Yixi Electronics Co., Ltd. | 10,000.00 | | Shenzhen Maijia Enterprise Consulting Partnership (Limited Partnership) | 20,000,000.00 | | Total | 525,662,084.73 | Parent Company Operating Revenue and Operating Costs | Item | Current Period Revenue (Yuan) | Current Period Cost (Yuan) | | :--- | :--- | :--- | | Other Business | 6,643,690.11 | 3,707,514.49 | | Total | 6,643,690.11 | 3,707,514.49 | Parent Company Investment Income | Item | Current Period Amount (Yuan) | | :--- | :--- | | Wealth management income | 5,961,365.21 | | Total | 5,961,365.21 | [XX. Supplementary Information](index=157&type=section&id=XX.%20Supplementary%20Information) This section provides non-recurring gains and losses, net asset return, and earnings per share, with total non-recurring losses of -2,793,764.44 Yuan Current Period Non-Recurring Gains and Losses Details | Item | Amount (Yuan) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -144,802.30 | | Government grants recognized in current profit or loss | 323,390.59 | | Fair value change income | -12,039,325.68 | | Gains or losses from entrusted investments or asset management | 8,576,143.95 | | Other non-operating income and expenses | 1,432,386.40 | | Less: Income tax impact | 655,484.98 | | Less: Impact on minority interests (after tax) |

深圳市实益达科技股份有限公司（以下简称"公司"）于2024年8月16日召 开了第七届董事会第六次会议审议通过了《关于使用部分自有闲置资金进行现金 管理的议案》，并于2024年9月5日召开2024年第一次临时股东大会审议通过该议 案，为提高公司自有资金使用效率，在不影响公司正常经营及业务发展的情况下， 为进一步拓宽资金投资渠道，增加投资收益，同意公司任一时点使用最高不超过 人民币100,000万元进行现金管理，有效期为股东大会审议通过之日起12个月； 资金可在上述额度内滚动使用，在额度范围内由董事会授权公司董事长行使该项 投资决策权并签署相关合同，具体投资活动由公司及子公司财务负责人组织实施。 具 体 内 容 详 见 公 司 刊 登 于 2024 年 8 月 20 日 《 证 券 时 报 》 及 巨 潮 资 讯 网 (www.cninfo.com.cn)的《关于使用部分自有闲置资金进行现金管理的公告》。 现将公司近期使用自有闲置资金进行现金管理的进展情况公告如下： | 资金来源 | 金融机构 | 发生金额 | 产品名称 | 产品类型 | 起息日 | 到期日 | 预期收 | 关联 | | --- | --- | ...

证券代码：002137 证券简称：实益达 公告编号：2025-028 深圳市实益达科技股份有限公司 三、备查文件 根据《中华人民共和国公司法》《上市公司治理准则》《公司章程》及其他 有关规定，结合公司实际情况，公司选举了职工代表董事，相应对公司第七届董 事会专门委员会进行如下调整： （1）董事会战略委员会委员袁素华女士调整为杨振宇先生，即董事会战略委员 会由乔昕先生、陈亚妹女士、张永德先生、陶向南先生、杨振宇先生担任，由首 席执行官（CEO）乔昕先生担任战略委员会主任委员。 （2）董事会审计委员会委员陈亚妹女士调整为杨振宇先生，即董事会审计委员 会由张永德先生、陶向南先生、杨振宇先生担任，由独立董事张永德先生担任审 计委员会主任委员。 除以上调整外，其他董事会专门委员会没有变化。 表决结果：以五票同意、零票反对、零票弃权的表决结果，通过本议案。 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 深圳市实益达科技股份有限公司（以下简称"公司"）第七届董事会第十次 会议通知于 2025 年 7 月 31 日以电话通知方式送达各位董事，会议于 202 ...