一、本次会议以 3 票同意，0 票反对，0 票弃权，审议通过《2025 年半年度 报告全文及摘要》 经审核，监事会认为董事会编制和审核公司 2025 年半年度报告的程序符合 法律、行政法规和中国证监会的规定，符合公司章程和公司内部管理制度的各项 规定。报告的内容和格式真实、准确、完整地反映出公司的实际情况，不存在任 何虚假记载、误导性陈述或重大遗漏。 2025 年 半 年 度报 告 全 文 及 摘 要 会 同 本 公告 同 日 刊 登 于 巨潮 资 讯 网 （http://www.cninfo.com.cn），供投资者查阅。 证券代码：002184 证券简称：海得控制 公告编号：2025-028 上海海得控制系统股份有限公司 第九届监事会第六次会议决议公告 本公司及监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。 上海海得控制系统股份有限公司（以下简称"公司"）第九届监事会第六次 会议于 2025 年 8 月 21 日以现场方式召开。本次监事会会议通知已于 2025 年 8 月 8 日以专人送达或电子邮件方式发出。会议应到监事 3 名，实到 3 名。本次会 议的召开时间 ...

证券代码：002184 证券简称：海得控制 公告编号：2025-027 上海海得控制系统股份有限公司 第九届董事会第七次会议决议公告 备查文件： 1、上海海得控制系统股份有限公司第九届董事会第七次会议决议 特此公告。 上海海得控制系统股份有限公司董事会 2025 年 8 月 23 日 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。 上海海得控制系统股份有限公司（以下简称"公司"）第九届董事会第七次 会议于 2025 年 8 月 21 日以现场结合通讯方式召开。本次董事会会议通知已于 2025 年 8 月 8 日以专人送达或电子邮件方式发出。会议应到董事 7 名，实到 7 名，由公司董事长许泓先生主持，公司监事及高级管理人员列席会议。本次会议 的召开时间、方式符合《公司法》及《公司章程》的有关规定，做出的决议合法、 有效。经认真审议，本次会议通过如下议案： 一、本次会议以 7 票同意，0 票反对，0 票弃权，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 及 摘 要会 同 本公 告 同 日刊 登 于 巨潮 资 讯 网 （ht ...

Section 1 Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=Important%20Notice) The company's board, supervisory board, and senior management guarantee the semi-annual report's truthfulness, accuracy, and completeness, with no false records or major omissions. - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report[4](index=4&type=chunk) - Company head Xu Hong, chief accountant Guo Mengrong, and head of accounting department Xu Jianqin declare the financial report is true, accurate, and complete[4](index=4&type=chunk) - The company plans not to distribute cash dividends, 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 lists the structured table of contents for the report, covering company profile, management discussion, governance, and financial reports. - The report comprises nine main chapters, covering company operations, financials, governance, and significant events[7](index=7&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section provides definitions for common terms and technical acronyms used in the report, such as the reporting period and industrial automation terms. - The reporting period refers to January 1, 2025, to June 30, 2025[13](index=13&type=chunk) - Several professional acronyms and their definitions in industrial automation and information technology, such as PLC, SCADA, MES, PCS, and EMS, are listed[13](index=13&type=chunk) Section 2 Company Profile and Key Financial Indicators [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) Shanghai Hite Control System Co., Ltd. (Hite Control, 002184) is listed on the Shenzhen Stock Exchange, with Xu Hong as its legal representative. - The company's stock abbreviation is “Hite Control”, stock code 002184, listed on the Shenzhen Stock Exchange[16](index=16&type=chunk) - The company's legal representative is Xu Hong[16](index=16&type=chunk) [II. Contact Persons and Contact Information](index=6&type=section&id=II.%20Contact%20Persons%20and%20Contact%20Information) This section provides contact details for the company's Board Secretary Wu Qiunong and Securities Affairs Representative Qiu Yangfan. - The Board Secretary is Wu Qiunong, and the Securities Affairs Representative is Qiu Yangfan[17](index=17&type=chunk) - The contact address is 777 Xinjuanhuan Road, Minhang District, Shanghai, telephone 021-60572990, and email 002184@hite.com.cn[17](index=17&type=chunk) [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 contact information and information disclosure and placement locations remained unchanged during the reporting period[18](index=18&type=chunk)[19](index=19&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Operating revenue increased by 15.91%, net profit attributable to shareholders turned profitable with a 234.32% increase, and operating cash flow significantly grew by 123.65%. Key Accounting Data and Financial Indicators (Year-on-Year) | Indicator | Current Reporting Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,280,216,777.01 | 1,104,531,914.51 | 15.91% | | Net Profit Attributable to Shareholders of Listed Company (CNY) | 11,060,894.01 | -8,234,604.94 | 234.32% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses (CNY) | -5,929,773.07 | -27,871,305.72 | 78.72% | | Net Cash Flow from Operating Activities (CNY) | 90,571,598.79 | -383,015,842.56 | 123.65% | | Basic Earnings Per Share (CNY/share) | 0.0314 | -0.0234 | 234.19% | | Diluted Earnings Per Share (CNY/share) | 0.0314 | -0.0234 | 234.19% | | Weighted Average Return on Net Assets | 0.97% | -0.60% | 1.57% | | **End of Current Reporting Period** | **End of Prior Year** | **Change from Prior Year-End** | | | Total Assets (CNY) | 3,212,307,149.92 | 3,712,245,984.49 | -13.47% | | Net Assets Attributable to Shareholders of Listed Company (CNY) | 1,147,868,870.67 | 1,136,906,063.22 | 0.96% | [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 and net assets between financial reports disclosed under international or Chinese accounting standards. - The company reported no differences in accounting data under domestic and overseas accounting standards during the reporting period[22](index=22&type=chunk)[23](index=23&type=chunk) [VI. Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Total non-recurring gains and losses amounted to CNY 16.99 million, primarily from government subsidies and gains from remeasuring equity in business combinations. Non-Recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | 26,541.76 | | Government Subsidies Included in Current Profit and Loss | 13,440,687.98 | | Gains and Losses from Changes in Fair Value of Financial Assets and Liabilities Held by Non-Financial Enterprises and from Disposal of Financial Assets and Liabilities | 196,998.57 | | Gains and Losses from Entrusting Others to Invest or Manage Assets | 365,170.03 | | Other Non-Operating Income and Expenses Apart from the Above Items | 4,755,849.86 | | Gains from Remeasuring Equity Held Before the Acquisition Date in Non-Same-Control Business Combinations at Fair Value | 8,752,112.88 | | Less: Income Tax Impact | 764,411.87 | | Impact on Minority Interests (After Tax) | 9,782,282.13 | | Total | 16,990,667.08 | Section 3 Management Discussion and Analysis [I. Main Businesses Engaged in by the Company During the Reporting Period](index=9&type=section&id=I.%20Main%20Businesses%20Engaged%20in%20by%20the%20Company%20During%20the%20Reporting%20Period) The company's main business focuses on intelligent manufacturing across industrial electrical automation, information technology, and new energy, achieving 15.91% revenue growth and turning losses into profits this period. - The company's main business is divided into industrial electrical automation, industrial information technology, and new energy, developing around an intelligent manufacturing strategy[28](index=28&type=chunk) - The company's strategy focuses on the synergistic development of digitalization (industrial electrical automation, industrial information technology) and greening (new energy key equipment and energy storage)[42](index=42&type=chunk)[43](index=43&type=chunk) - During the reporting period, the company achieved operating revenue of **CNY 1,280.22 million**, a year-on-year increase of **15.91%**, and net profit attributable to shareholders of **CNY 11.06 million**, a year-on-year increase of **234.32%**, turning losses into profits[44](index=44&type=chunk) [(I) Main Businesses Engaged in During the Reporting Period](index=9&type=section&id=(I)%20Main%20Businesses%20Engaged%20in%20During%20the%20Reporting%20Period) The company's three business segments, industrial electrical automation, industrial information technology, and new energy, are all committed to intelligent manufacturing and green development. - The industrial electrical automation business provides electrical automation and digital product matching and services for mechanical equipment OEMs and engineering projects[29](index=29&type=chunk)[30](index=30&type=chunk) - The industrial information technology business aims to build an industrial digital base, providing industrial networks, software middleware, computing platforms, and integrated solutions to assist customers in digital transformation[29](index=29&type=chunk)[32](index=32&type=chunk)[35](index=35&type=chunk) - The new energy business provides full-power wind power converters, doubly-fed converters, centralized and string energy storage PCS products and system solutions, and actively expands into the European market[29](index=29&type=chunk)[36](index=36&type=chunk)[39](index=39&type=chunk) [(II) Overview of Operating Performance During the Reporting Period](index=12&type=section&id=(II)%20Overview%20of%20Operating%20Performance%20During%20the%20Reporting%20Period) Overall revenue grew by 15.91%, turning losses into profits, driven by strong new energy (especially energy storage) performance, despite a decline in industrial information technology revenue. - The company's operating revenue increased by **15.91%** year-on-year, and net profit attributable to shareholders increased by **234.32%** year-on-year, achieving a turnaround from losses to profits[44](index=44&type=chunk) - Industrial information technology business operating revenue decreased year-on-year, but operating profit increased year-on-year[46](index=46&type=chunk) - Industrial electrical automation business operating revenue slightly increased year-on-year, and operating profit also increased year-on-year[48](index=48&type=chunk) - The new energy business as a whole achieved year-on-year growth in both operating revenue and operating profit, with energy storage business operating revenue and operating profit significantly increasing year-on-year, offsetting the decline in converter business revenue[50](index=50&type=chunk)[51](index=51&type=chunk)[52](index=52&type=chunk) [II. Analysis of Core Competencies](index=13&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core competencies are rooted in its R&D, talent, management, and market advantages, supported by high-tech and specialized enterprise titles. - The company and several subsidiaries hold high-tech enterprise and "specialized, refined, unique, and new" enterprise titles, with one recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology[53](index=53&type=chunk)[54](index=54&type=chunk) - The company possesses proprietary intellectual property software and hardware products and systems in industrial automation, information technology, and high-power power electronics, with **599 patent applications** (427 granted) and **297 software copyrights**[55](index=55&type=chunk)[56](index=56&type=chunk) - The company builds a stable composite technical and management team through improved compensation and benefits, equity incentives, talent development, and leadership programs[57](index=57&type=chunk) - The company enhances refined management and cost reduction/efficiency improvement capabilities through digital collaborative management platforms, CRM, WMS, MES, PLM, and other systems[58](index=58&type=chunk)[59](index=59&type=chunk) - The company possesses a nationwide sales and service network, forming a competitive market advantage with brand reputation and technological reserves, promoting synergistic development of digital and green businesses[60](index=60&type=chunk) [III. Analysis of Main Business](index=15&type=section&id=III.%20Analysis%20of%20Main%20Business) Main business revenue increased by 15.91%, driven by a 64.58% surge in new energy business, despite a 9.42% decline in its gross margin. Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (CNY) | Prior Year Period (CNY) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,280,216,777.01 | 1,104,531,914.51 | 15.91% | | Operating Cost | 1,112,606,891.53 | 921,882,735.76 | 20.69% | | Sales Expenses | 65,968,580.82 | 78,733,923.03 | -16.21% | | Administrative Expenses | 60,379,781.50 | 75,479,353.65 | -20.00% | | Financial Expenses | 3,814,688.22 | 1,879,744.91 | 102.94% | | Income Tax Expense | 1,667,096.12 | -1,094,752.66 | 252.28% | | R&D Investment | 54,800,005.60 | 68,722,052.73 | -20.26% | | Net Cash Flow from Operating Activities | 90,571,598.79 | -383,015,842.56 | 123.65% | | Net Cash Flow from Investing Activities | 7,700,097.50 | 13,519,904.42 | -43.05% | | Net Cash Flow from Financing Activities | -394,096,559.81 | 113,885,714.87 | -446.05% | Operating Revenue Composition (by Industry, Product, Region) | Classification | Current Reporting Period Amount (CNY) | Proportion of Operating Revenue | Prior Year Period Amount (CNY) | Proportion of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry** | | | | | | | New Energy | 412,201,400.74 | 32.20% | 250,456,211.41 | 22.68% | 64.58% | | Intelligent Manufacturing | 868,015,376.27 | 67.80% | 854,075,703.10 | 77.32% | 1.63% | | **By Product** | | | | | | | Industrial Electrical Automation Business | 683,996,074.99 | 53.43% | 655,056,760.46 | 59.30% | 4.42% | | Industrial Information Technology Business | 184,019,301.28 | 14.37% | 199,018,942.64 | 18.02% | -7.54% | | New Energy Business | 412,201,400.74 | 32.20% | 250,456,211.41 | 22.68% | 64.58% | | **By Region** | | | | | | | Domestic Sales | 1,255,161,968.21 | 98.04% | 1,047,183,650.26 | 94.81% | 19.86% | | International Sales | 25,054,808.80 | 1.96% | 57,348,264.25 | 5.19% | -56.31% | Industries, Products, or Regions Accounting for Over 10% of the Company's Operating Revenue or Operating Profit | Classification | Operating Revenue (CNY) | Operating Cost (CNY) | Gross Margin | Year-on-Year Change in Operating Revenue | Year-on-Year Change in Operating Cost | Year-on-Year Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry** | | | | | | | | New Energy | 412,201,400.74 | 372,984,826.08 | 9.51% | 64.58% | 83.70% | -9.42% | | Intelligent Manufacturing | 868,015,376.27 | 739,622,065.45 | 14.79% | 1.63% | 2.89% | -1.04% | | **By Product** | | | | | | | | Industrial Electrical Automation Business | 683,996,074.99 | 627,283,338.13 | 8.29% | 4.42% | 4.46% | -0.04% | | Industrial Information Technology Business | 184,019,301.28 | 112,338,727.32 | 38.95% | -7.54% | -5.08% | -1.58% | | New Energy Business | 412,201,400.74 | 372,984,826.08 | 9.51% | 64.58% | 83.70% | -9.42% | | **By Region** | | | | | | | | Domestic Sales | 1,255,161,968.21 | 1,095,294,218.69 | 12.74% | 19.86% | 23.33% | -2.46% | [IV. Analysis of Non-Core Business](index=17&type=section&id=IV.%20Analysis%20of%20Non-Core%20Business) The company had no non-core businesses during the reporting period. - The company had no non-core businesses during the reporting period[66](index=66&type=chunk) [V. Analysis of Assets and Liabilities](index=17&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets decreased by 13.47%, with significant declines in monetary funds and short-term borrowings, while restricted assets totaled CNY 475.18 million. Significant Changes in Asset Composition | Item | Period-End Amount (CNY) | Proportion of Total Assets | Prior Year-End Amount (CNY) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 497,076,179.48 | 15.47% | 750,081,410.04 | 20.21% | -4.74% | | | Accounts Receivable | 789,007,596.36 | 24.56% | 833,408,939.04 | 22.45% | 2.11% | | | Contract Assets | 143,008,672.29 | 4.45% | 124,883,262.39 | 3.36% | 1.09% | | | Inventories | 639,555,540.84 | 19.91% | 733,014,023.81 | 19.75% | 0.16% | | | Short-Term Borrowings | 139,971,703.83 | 4.36% | 370,718,545.87 | 9.99% | -5.63% | Primarily due to a decrease in credit borrowings and un-derecognized notes in the current period | | Contract Liabilities | 185,943,112.53 | 5.79% | 236,538,224.52 | 6.37% | -0.58% | | | Accounts Receivable Financing | 308,251,443.50 | 9.60% | 437,406,018.40 | 11.78% | -2.18% | | | Notes Payable | 453,084,428.58 | 14.10% | 604,136,997.28 | 16.27% | -2.17% | | | Accounts Payable | 784,359,368.11 | 24.42% | 829,280,822.76 | 22.34% | 2.08% | | Assets and Liabilities Measured at Fair Value | Item | Period-End Amount (CNY) | | :--- | :--- | | Subtotal of Financial Assets | 286,313,202.50 | | Of which: Other Equity Instrument Investments | 218,371,890.67 | | Other Non-Current Financial Assets | 67,941,311.83 | | Financial Liabilities | 0.00 | | Total Above | 286,313,202.50 | Asset Restrictions at the End of the Reporting Period | Item | Period-End Carrying Amount (CNY) | Period-End Book Value (CNY) | Type of Restriction | | :--- | :--- | :--- | :--- | | Monetary Funds | 204,593,636.83 | 204,593,636.83 | Guarantee, Freeze, Pledge | | Fixed Assets | 62,134,215.94 | 34,025,138.08 | Mortgage | | Intangible Assets | 11,825,886.13 | 6,458,582.19 | Mortgage | | Accounts Receivable Financing | 140,162,521.20 | 140,162,521.20 | Pledge | | Other Equity Instruments | 56,460,000.00 | 56,460,000.00 | Pledge | | Total | 475,176,260.10 | 441,699,878.30 | | [VI. Analysis of Investment Status](index=19&type=section&id=VI.%20Analysis%20of%20Investment%20Status) Total investment for the period was CNY 3.07 million, a significant 82.64% year-on-year decrease, with no major equity, non-equity, securities, or derivative investments. Investment Amount During the Reporting Period | Indicator | Amount (CNY) | | :--- | :--- | | Investment Amount During Reporting Period | 3,066,744.24 | | Investment Amount in Prior Period | 17,661,700.00 | | Change Rate | -82.64% | - The company reported no securities investments, derivative investments, or use of raised funds during the reporting period[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk) [VII. Significant Asset and Equity Sales](index=19&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 any significant assets or equity during the reporting period[76](index=76&type=chunk)[77](index=77&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=19&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Zhejiang Hite Smart Energy performed strongly with CNY 317.99 million in revenue and CNY 14.19 million in net profit, while the company added HITE EUROPE BV and adjusted other subsidiaries. Financial Data of Major Holding Subsidiaries | Subsidiary Name | Operating Revenue (CNY) | Operating Profit (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | :--- | | Hite Electric Technology Co., Ltd. | 688,019,784.95 | 15,272,125.98 | 11,654,820.16 | | Zhejiang Hite Complete Equipment Manufacturing Co., Ltd. | 84,856,829.48 | 4,922,501.17 | 4,522,073.51 | | Zhejiang Hite New Energy Co., Ltd. | 138,350,807.42 | -3,971,171.86 | -4,213,288.20 | | Jianshui Yunde Solar Technology Co., Ltd. | 5,627,572.13 | -5,403,668.57 | -5,403,668.57 | | Zhejiang Hite Smart Energy Co., Ltd. | 317,989,696.13 | 14,335,138.74 | 14,186,562.32 | | Shanghai Hesco Network Technology Co., Ltd. | 10,298,677.08 | 1,412,961.53 | 1,404,981.28 | - During the reporting period, the company acquired HITE EUROPE BV through a non-same-control business combination, established Longshan Hite Energy Storage Technology Co., Ltd., and deregistered two Quzhou subsidiaries[83](index=83&type=chunk) [IX. Information on Structured Entities Controlled by the Company](index=21&type=section&id=IX.%20Information%20on%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[83](index=83&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=21&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces macroeconomic, market, intellectual property, technology, talent, and capital market risks, addressed through strategic focus, competitive differentiation, and robust management. - The company faces macroeconomic fluctuation risks and mitigates decision-making risks by grasping digital and green development trends and strengthening risk awareness[83](index=83&type=chunk) - To address market competition risks, the company enhances competitiveness through software-driven industry solutions, increasing the proportion of proprietary product sales, industrial mergers and acquisitions, and strategic cooperation[84](index=84&type=chunk)[85](index=85&type=chunk) - To counter intellectual property risks, the company establishes a hierarchical management system, an intellectual property data platform, and signs confidentiality agreements with key R&D personnel[86](index=86&type=chunk) - To address core technology and talent risks, the company maintains a stable and growing talent pool through equity incentives, internal entrepreneurship and innovation, talent development, and succession planning[87](index=87&type=chunk) - Facing capital market volatility risks, the company prioritizes investor rights, utilizes capital market tools, and strictly fulfills information disclosure obligations[88](index=88&type=chunk) [XI. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=22&type=section&id=XI.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company did not disclose any market value management system or valuation enhancement plan during the reporting period. - The company did not formulate a market value management system or disclose a valuation enhancement plan during the reporting period[89](index=89&type=chunk)[90](index=90&type=chunk) [XII. Implementation of 'Dual Improvement in Quality and Returns' Action Plan](index=23&type=section&id=XII.%20Implementation%20of%20%27Dual%20Improvement%20in%20Quality%20and%20Returns%27%20Action%20Plan) The company did not disclose any "Dual Improvement in Quality and Returns" action plan announcement during the reporting period. - The company did not disclose any "Dual Improvement in Quality and Returns" action plan announcement during the reporting period[90](index=90&type=chunk) Section 4 Corporate Governance, Environment, and Society [I. Changes in Directors, Supervisors, and Senior Management](index=23&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) There were no changes in the company's directors, supervisors, and senior management during the reporting period. - There were no changes in the company's directors, supervisors, and senior management during the reporting period[91](index=91&type=chunk) [II. Profit Distribution and Capital Reserve Conversion to Share Capital in the Current Reporting Period](index=23&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20in%20the%20Current%20Reporting%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period. - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[92](index=92&type=chunk) [III. Implementation of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=23&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 during the reporting period. - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[93](index=93&type=chunk) [IV. Environmental Information Disclosure](index=23&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[94](index=94&type=chunk) [V. Social Responsibility](index=23&type=section&id=V.%20Social%20Responsibility) The company's social responsibility situation is not applicable for the current reporting period. - The company's social responsibility situation is not applicable for the current reporting period[94](index=94&type=chunk) Section 5 Significant Events [I. Commitments Fulfilled and Overdue Unfulfilled by Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=24&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20by%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) The company reported no commitments fulfilled or overdue unfulfilled by relevant parties during the reporting period. - The company reported no commitments fulfilled or overdue unfulfilled by relevant parties during the reporting period[96](index=96&type=chunk) [II. Non-Operating Funds Occupied by Controlling Shareholder and Other Related Parties from the Listed Company](index=24&type=section&id=II.%20Non-Operating%20Funds%20Occupied%20by%20Controlling%20Shareholder%20and%20Other%20Related%20Parties%20from%20the%20Listed%20Company) The company reported no non-operating funds occupied by the controlling shareholder or other related parties from the listed company during the reporting period. - The company reported no non-operating funds occupied by the controlling shareholder or other related parties from the listed company during the reporting period[97](index=97&type=chunk) [III. Illegal External Guarantees](index=24&type=section&id=III.%20Illegal%20External%20Guarantees) The company had no illegal external guarantees during the reporting period. - The company had no illegal external guarantees during the reporting period[98](index=98&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=24&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual report was not audited. - The company's semi-annual financial report was not audited[99](index=99&type=chunk) [V. Explanations by the Board of Directors and Supervisory Board on the Accounting Firm's 'Non-Standard Audit Report' for the Current Period](index=24&type=section&id=V.%20Explanations%20by%20the%20Board%20of%20Directors%20and%20Supervisory%20Board%20on%20the%20Accounting%20Firm%27s%20%27Non-Standard%20Audit%20Report%27%20for%20the%20Current%20Period) The company had no explanations from the board of directors or supervisory board regarding the accounting firm's "non-standard audit report" for the current reporting period. - The company had no explanations from the board of directors or supervisory board regarding the accounting firm's "non-standard audit report" for the current reporting period[100](index=100&type=chunk) [VI. Explanations by the Board of Directors on Matters Related to the 'Non-Standard Audit Report' for the Previous Year](index=24&type=section&id=VI.%20Explanations%20by%20the%20Board%20of%20Directors%20on%20Matters%20Related%20to%20the%20%27Non-Standard%20Audit%20Report%27%20for%20the%20Previous%20Year) The company had no explanations from the board of directors regarding matters related to the "non-standard audit report" for the previous year during the reporting period. - The company had no explanations from the board of directors regarding matters related to the "non-standard audit report" for the previous year during the reporting period[100](index=100&type=chunk) [VII. Bankruptcy and Reorganization Matters](index=24&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) The company did not have any bankruptcy and reorganization matters during the reporting period. - The company did not have any bankruptcy and reorganization matters during the reporting period[100](index=100&type=chunk) [VIII. Litigation Matters](index=24&type=section&id=VIII.%20Litigation%20Matters) A subsidiary is involved in a CNY 317 million sales contract dispute, heard on June 24, 2025, and awaiting judgment, with no other significant litigation. - The company's controlling subsidiary, Zhejiang Hite Smart Energy Co., Ltd., is involved in a sales contract dispute with Yuandong New Energy Co., Ltd., with a provisional amount of **CNY 317 million**[102](index=102&type=chunk) - The case was heard on June 24, 2025, and is awaiting judgment[102](index=102&type=chunk) [IX. Penalties and Rectification](index=25&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[103](index=103&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=25&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) The company reported no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period. - The company reported no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period[104](index=104&type=chunk) [XI. Significant Related Party Transactions](index=25&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) Daily related party transactions with Zhejiang Hite Smart Energy Co., Ltd. totaled CNY 6.0177 million, priced at market rates, with no other major related party transactions. Related Party Transactions Related to Daily Operations | Related Party | Type of Related Party Transaction | Content of Related Party Transaction | Amount of Related Party Transaction (CNY million) | Proportion of Similar Transactions | | :--- | :--- | :--- | :--- | :--- | | Zhejiang Hite Smart Energy Co., Ltd. | Product Procurement | Product Procurement | 0.1465 | 0.04% | | Zhejiang Hite Smart Energy Co., Ltd. | Product Sales | Product Sales | 1.6267 | 2.20% | | Zhejiang Hite Smart Energy Co., Ltd. | Provision of Services | IT and Other Services | 3.4131 | 22.38% | | Zhejiang Hite Smart Energy Co., Ltd. | Acceptance of Services | IT and Other Services | 0.8314 | 100.00% | | Total | | | 6.0177 | | - The company had no asset or equity acquisitions/disposals, joint external investments, related party creditor-debtor relationships, or dealings with affiliated finance companies during the reporting period[106](index=106&type=chunk)[107](index=107&type=chunk)[108](index=108&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk)[111](index=111&type=chunk) [XII. Significant Contracts and Their Performance](index=27&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) Rental income was CNY 5.4155 million, with total actual guarantee balance for subsidiaries at CNY 101.85 million, representing 8.87% of net assets. - During the reporting period, the company's rental income was **CNY 5.4155 million**, and rental expenses were **CNY 0.8967 million**[114](index=114&type=chunk) - The company's total actual guarantee balance at the end of the reporting period was **CNY 101.8475 million**, accounting for **8.87%** of the company's net assets[135](index=135&type=chunk) - The company had no entrusted wealth management or other significant contracts during the reporting period[136](index=136&type=chunk)[137](index=137&type=chunk) [XIII. Explanation of Other Significant Matters](index=48&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) This section lists numerous important announcements disclosed during the reporting period, covering stock trading, performance, governance, and subsidiary litigation. - The company disclosed multiple important announcements during the reporting period, including those on abnormal stock trading fluctuations, annual performance forecasts, board/supervisory board resolutions, annual report summaries, profit distribution plans, re-appointment of auditors, internal control evaluation reports, external guarantee limits, estimated daily related party transactions, provision for asset impairment, changes in accounting policies, provision of financing and guarantees for controlling subsidiaries, cash management using own funds, authorization for share issuance by the general meeting, notice of general meeting, subsidiary litigation announcements and progress, first-quarter report, online performance briefing announcements, and annual general meeting resolutions[138](index=138&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=48&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) The company had no significant matters concerning its subsidiaries during the reporting period. - The company had no significant matters concerning its subsidiaries during the reporting period[139](index=139&type=chunk) Section 6 Changes in Shares and Shareholder Information [I. Changes in Share Capital](index=49&type=section&id=I.%20Changes%20in%20Share%20Capital) The company's total share capital remained unchanged at 351,908,370 shares, with no share repurchases or concentrated bidding reductions during the period. Changes in Share Capital | Share Type | Number Before This Change (Shares) | Proportion | Increase/Decrease in This Change (+, -) | Number After This Change (Shares) | Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 111,536,866 | 31.69% | 0 | 111,536,866 | 31.69% | | II. Unrestricted Shares | 240,371,504 | 68.31% | 0 | 240,371,504 | 68.31% | | III. Total Shares | 351,908,370 | 100.00% | 0 | 351,908,370 | 100.00% | - The company had no progress on share repurchases or concentrated bidding reductions of repurchased shares during the reporting period[143](index=143&type=chunk) [II. Securities Issuance and Listing](index=50&type=section&id=II.%20Securities%20Issuance%20and%20Listing) The company had no securities issuance or listing during the reporting period. - The company had no securities issuance or listing during the reporting period[143](index=143&type=chunk) [III. Number of Shareholders and Shareholding Information](index=50&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Information) The company had 54,410 common shareholders, with Xu Hong and Guo Mengrong as the top two, and no agreed repurchase transactions by top shareholders. - The total number of common shareholders at the end of the reporting period was **54,410**[144](index=144&type=chunk) Shareholding Information of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held at End of Reporting Period (Shares) | Number of Restricted Shares Held (Shares) | Number of Unrestricted Shares Held (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Xu Hong | Domestic Natural Person | 21.84% | 76,850,924 | 57,638,193 | 19,212,731 | | Guo Mengrong | Domestic Natural Person | 19.88% | 69,948,471 | 52,461,353 | 17,487,118 | | Fan Huizhen | Domestic Natural Person | 1.83% | 6,432,394 | 0 | 6,432,394 | | Industrial Bank Co., Ltd. - ChinaAMC CSI Robotics ETF | Other | 1.34% | 4,726,349 | 0 | 4,726,349 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 0.58% | 2,034,106 | 0 | 2,034,106 | | Guotai Junan Securities Co., Ltd. - Tianhong CSI Robotics ETF | Other | 0.54% | 1,914,338 | 0 | 1,914,338 | | Wu Qiunong | Domestic Natural Person | 0.54% | 1,912,017 | 1,434,013 | 478,004 | | Lao Hongwei | Domestic Natural Person | 0.28% | 984,568 | 0 | 984,568 | | Chen Zhiping | Domestic Natural Person | 0.27% | 955,500 | 0 | 955,500 | | Peng Zhanwei | Domestic Natural Person | 0.23% | 800,000 | 0 | 800,000 | - Among the company's top ten shareholders, Guo Mengrong and Lao Hongwei are a married couple[145](index=145&type=chunk) - The company's top 10 common shareholders and top 10 unrestricted common shareholders did not engage in agreed repurchase transactions during the reporting period[146](index=146&type=chunk) [IV. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=52&type=section&id=IV.%20Changes%20in%20Shareholdings%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 shareholdings of the company's directors, supervisors, and senior management during the reporting period[147](index=147&type=chunk) [V. Changes in Controlling Shareholder or Actual Controller](index=52&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 and actual controller remained unchanged during the reporting period[148](index=148&type=chunk) [VI. Preferred Share Information](index=53&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[149](index=149&type=chunk) Section 7 Bond Information The company had no bond-related information during the reporting period. - The company had no bond-related information during the reporting period[151](index=151&type=chunk) Section 8 Financial Report [I. Audit Report](index=55&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[153](index=153&type=chunk) [II. Financial Statements](index=55&type=section&id=II.%20Financial%20Statements) This section provides the company's consolidated and parent company financial statements for H1 2025, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity. - The company provided consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity[154](index=154&type=chunk)[158](index=158&type=chunk)[162](index=162&type=chunk)[166](index=166&type=chunk)[169](index=169&type=chunk)[171](index=171&type=chunk)[174](index=174&type=chunk)[181](index=181&type=chunk) [III. Company Basic Information](index=72&type=section&id=III.%20Company%20Basic%20Information) Established in 1994 and listed in 2007, the company's registered capital is CNY 351.91 million, focusing on industrial automation, information technology, and new energy. - The company was established on March 15, 1994, and listed on the SME Board of the Shenzhen Stock Exchange on November 16, 2007[188](index=188&type=chunk) - The company's registered capital is **CNY 351.90837 million**[188](index=188&type=chunk) - The company's main business activities cover three segments: industrial electrical automation, industrial information technology, and new energy[189](index=189&type=chunk) - The approval date for the issuance of this financial report is August 22, 2025[189](index=189&type=chunk) [IV. Basis of Financial Statement Preparation](index=73&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) The company prepares its financial statements on a going concern basis in accordance with Enterprise Accounting Standards, with no significant doubts about its future operations. - The company prepares its financial statements on a going concern basis in accordance with the "Enterprise Accounting Standards"[190](index=190&type=chunk) - The company assesses that its ability to continue as a going concern is good for the next 12 months, with no significant doubts[191](index=191&type=chunk) [V. Significant Accounting Policies and Accounting Estimates](index=73&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Accounting%20Estimates) This section details the company's significant accounting policies and estimates, including financial instruments, revenue recognition, and taxation, confirming no major changes during the reporting period. - The company complies with Enterprise Accounting Standards, with the accounting period from January 1 to December 31 of the Gregorian calendar, and the functional currency being RMB[192](index=192&type=chunk)[193](index=193&type=chunk)[195](index=195&type=chunk) - Detailed disclosure of financial instrument recognition, classification, measurement, and impairment methods, including the provision for expected credit losses on notes receivable, accounts receivable, other receivables, and contract assets[222](index=222&type=chunk)[225](index=225&type=chunk)[235](index=235&type=chunk)[242](index=242&type=chunk)[244](index=244&type=chunk)[245](index=245&type=chunk) - Elaboration on general principles and specific policies for revenue recognition and measurement, with revenue for major business types recognized at a specific point in time[313](index=313&type=chunk)[314](index=314&type=chunk)[319](index=319&type=chunk) - The company had no significant changes in accounting policies and accounting estimates during the reporting period[355](index=355&type=chunk)[356](index=356&type=chunk) [VI. Taxation](index=102&type=section&id=VI.%20Taxation) The company's main taxes include VAT and Enterprise Income Tax, with several subsidiaries enjoying preferential tax rates as high-tech or small and micro-profit enterprises. Major Taxes and Tax Rates | Tax Type | Tax Rate | | :--- | :--- | | Value-Added Tax | 13%、9%、6%、5% | | Urban Maintenance and Construction Tax | 7%、5%、1% | | Enterprise Income Tax | 25%、20%、15% | | Education Surcharge | 3% | | Local Education Surcharge | 2% | - The company and several subsidiaries (e.g., Zhejiang Hite New Energy, Chengdu Hite Control System) enjoy high-tech enterprise income tax preferential policies, taxed at a reduced rate of **15%**[357](index=357&type=chunk)[358](index=358&type=chunk)[359](index=359&type=chunk)[360](index=360&type=chunk) - Some subsidiaries (e.g., Jianshui Yunde Solar, Xinjiang Hite Control System) benefit from Western Development enterprise income tax policies, taxed at a reduced rate of **15%**[360](index=360&type=chunk) - Some subsidiaries (e.g., Shanghai Hite Control System Technology, Hite Electric Technology (Wuxi)) qualify as small and micro-profit enterprises, enjoying a policy of calculating taxable income at **25%** and paying enterprise income tax at a **20%** rate[361](index=361&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=103&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section details consolidated financial statement items, highlighting a 33.73% decrease in monetary funds, a 129.15% increase in credit impairment losses, and a 16395.19% surge in investment income. - Monetary funds at period-end decreased by **CNY 253,005,230.56**, a **33.73%** decrease from the beginning of the period, primarily due to increased repayment of bank borrowings[365](index=365&type=chunk) - Short-term borrowings at period-end decreased by **CNY 230,746,842.04**, a **62.24%** decrease from the beginning of the period, due to a reduction in credit borrowings and un-derecognized notes in the current period[566](index=566&type=chunk) - Investment income for the current period increased by **CNY 6,830,346.14**, a **16395.19%** increase from the prior period, primarily due to gains from remeasuring equity held before the acquisition date of HITE EUROPE BV at fair value in the current period[649](index=649&type=chunk) - Credit impairment losses for the current period increased by **CNY 21,944,271.42**, a **129.15%** increase from the prior period, primarily due to an increase in the reversal of bad debt provisions for accounts receivable during the reporting period[651](index=651&type=chunk) [VIII. R&D Expenses](index=165&type=section&id=VIII.%20R%26D%20Expenses) Total R&D expenditure was CNY 54.80 million, a 20.26% year-on-year decrease, with industrial information technology product development as the main capitalized project. R&D Expenditure Information | Item | Amount Incurred in Current Period (CNY) | Amount Incurred in Prior Period (CNY) | | :--- | :--- | :--- | | Staff Remuneration | 39,959,578.71 | 44,841,019.46 | | Asset Amortization | 6,640,323.58 | 7,185,252.97 | | Material Costs | 2,640,363.56 | 5,074,879.33 | | Travel Expenses | 1,400,969.83 | 1,965,886.59 | | Depreciation of Fixed Assets | 1,158,544.93 | 896,563.75 | | Technical Support Fees | 990,049.76 | 5,348,493.74 | | Depreciation of Right-of-Use Assets | 844,323.28 | 1,041,529.94 | | Other | 1,165,851.95 | 2,368,426.95 | | Total | 54,800,005.60 | 68,722,052.73 | | Of which: Expensed R&D Expenditure | 49,160,322.52 | 62,113,326.50 | | Capitalized R&D Expenditure | 5,639,683.08 | 6,608,726.23 | - Total R&D expenditure for the current period decreased by **20.26%** year-on-year[65](index=65&type=chunk)[695](index=695&type=chunk) - Capitalized R&D expenditure in the current period was primarily for industrial information technology product R&D projects[696](index=696&type=chunk) [IX. Changes in Consolidation Scope](index=166&type=section&id=IX.%20Changes%20in%20Consolidation%20Scope) The company added HITE EUROPE BV through a non-same-control business combination, resulting in CNY 17.50 million goodwill, and adjusted other subsidiaries. - The company's controlling subsidiary, HITE GLOBAL PTE. LTD., acquired 100% equity of HITE EUROPE BV through an agreement transfer on June 25, 2025, forming a non-same-control business combination[699](index=699&type=chunk) - The merger cost for HITE EUROPE BV was **CNY 16,800,000.00**, resulting in goodwill of **CNY 17,504,225.68**[701](index=701&type=chunk) - The company had no business combinations under common control in the current period[705](index=705&type=chunk) - The company established Longshan Hite Energy Storage Technology Co., Ltd. and deregistered Quzhou Hite Energy Storage Technology Co., Ltd. and Quzhou Longyou Hite Energy Storage Equipment Co., Ltd[83](index=83&type=chunk)[709](index=709&type=chunk) [X. Interests in Other Entities](index=170&type=section&id=X.%20Interests%20in%20Other%20Entities) The company holds interests in 32 subsidiaries, including significant non-wholly-owned entities, and discloses summarized financial information for joint ventures and associates. - The company owns **32 subsidiaries**, covering businesses such as electrical equipment sales, software development, new energy specialized equipment production and sales, and services[710](index=710&type=chunk)[711](index=711&type=chunk)[712](index=712&type=chunk) Key Financial Information of Significant Non-Wholly-Owned Subsidiaries | Subsidiary Name | Minority Shareholding Proportion | Profit and Loss Attributable to Minority Shareholders in Current Period (CNY) | Minority Interests Balance at Period-End (CNY) | | :--- | :--- | :--- | :--- | | Hite Electric Technology Co., Ltd. | 49.00% | 5,710,861.88 | 272,108,304.48 | | Zhejiang Hite Smart Energy Co., Ltd. | 41.76% | 6,203,084.74 | -20,211,215.35 | Summarized Financial Information of Insignificant Joint Ventures and Associates | Item | Period-End Balance/Current Period Amount (CNY) | | :--- | :--- | | **Joint Ventures:** | | | Total Carrying Amount of Investments | 14,577,949.37 | | --Net Profit | -1,477,376.84 | | --Total Comprehensive Income | -1,477,376.84 | | **Associates:** | | | Total Carrying Amount of Investments | 781,414.63 | | --Net Profit | -349,789.17 | | --Total Comprehensive Income | -349,789.17 | [XI. Government Grants](index=177&type=section&id=XI.%20Government%20Grants) Government grants recognized in current profit and loss totaled CNY 17.34 million, primarily from VAT refunds, local awards, and rental subsidies. Government Grants Included in Current Profit and Loss | Accounting Account | Amount Incurred in Current Period (CNY) | | :--- | :--- | | VAT Refund for Software Products | 3,895,168.48 | | Local Comprehensive Contribution Award | 6,798,526.94 | | Rental Subsidy | 3,898,930.00 | | Second Batch of Industrial Productive Equipment Financial Rewards for 2023 | 1,764,387.84 | | 2024 Town-level Financial Support Funds | 460,000.00 | | Relocation and Commuting Expense Subsidies | 376,763.85 | | Industrial Internet Project Subsidy | 68,166.63 | | 2025 Top Ten Enterprise Award | 50,000.00 | | Special Funds for Edge Computing-Based Integrated Intelligent Equipment Management and Control Platform R&D and Industrialization Project | 12,379.72 | | Q1 2025 Incentive for Wholesale Industry Growth | 9,533.00 | | Market Supervision Bureau 2025 Intellectual Property Award | 2,000.00 | | Total | 17,335,856.46 | - The company has deferred income related to assets amounting to **CNY 83,411.46**[728](index=728&type=chunk) [XII. Risks Related to Financial Instruments](index=178&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company manages credit, liquidity, and market risks associated with its financial instruments through credit limits, cash monitoring, and foreign currency management. - The company's main financial instruments include borrowings, accounts receivable, accounts payable, and bank deposits, facing credit risk, liquidity risk, and market risk (interest rate risk, foreign exchange risk)[730](index=730&type=chunk)[731](index=731&type=chunk)[732](index=732&type=chunk)[733](index=733&type=chunk)[734](index=734&type=chunk)[736](index=736&type=chunk) Classification of Transfer Methods and Derecognition Status | Transfer Method | Nature of Transferred Financial Assets | Amount of Transferred Financial Assets (CNY) | Derecognition Status | | :--- | :--- | :--- | :--- | | Factoring | Accounts Receivable | 150,000.00 | Derecognized | | Endorsement | Accounts Receivable Financing | 206,757,503.62 | Derecognized | | Discounting | Accounts Receivable Financing | 60,788,850.98 | Derecognized | | Discounting | Accounts Receivable Financing | 100,631,049.53 | Not Derecognized | | Total | | 368,327,404.13 | | - During the reporting period, the company transferred financial assets through factoring, endorsement, and discounting, of which **CNY 267.70 million** were derecognized[742](index=742&type=chunk) [XIII. Disclosure of Fair Value](index=180&type=section&id=XIII.%20Disclosure%20of%20Fair%20Value) Total assets continuously measured at fair value amounted to CNY 594.56 million, primarily unlisted equity and accounts receivable financing, all classified as Level 3. Fair Value of Assets and Liabilities Measured at Fair Value at Period-End | Item | Level 3 Fair Value Measurement (CNY) | Total (CNY) | | :--- | :--- | :--- | | (III) Other Equity Instrument Investments | 218,371,890.67 | 218,371,890.67 | | (VI) Accounts Receivable Financing | 308,251,443.50 | 308,251,443.50 | | (VII) Other Non-Current Financial Assets | 67,941,311.83 | 67,941,311.83 | | Total Assets Continuously Measured at Fair Value | 594,564,646.00 | 594,564,646.00 | - Other equity instrument investments and non-current financial assets are primarily unlisted equities, valued using market and income approaches[745](index=745&type=chunk) - The fair value of accounts receivable financing is similar to its carrying amount, as its remaining term is short and the impact of the time value of money is not significant[747](index=747&type=chunk) [XIV. Related Parties and Related Party Transactions](index=182&type=section&id=XIV.%20Related%20Parties%20and%20Related%20Party%20Transactions) The company's ultimate controlling parties are Mr. Xu Hong and Mr. Guo Mengrong, with various related party transactions and guarantees for subsidiaries, and key management compensation of CNY 3.43 million. - The company has no parent company, and its ultimate controlling parties are Mr. Xu Hong and Mr. Guo Mengrong[750](index=750&type=chunk) - The company engaged in related party transactions such as purchasing and selling goods, and providing and receiving services with its joint venture Chongqing Pet Electric Co., Ltd., associate Shanghai Hite Network Information Technology Co., Ltd., and other related parties (e.g., Zhejiang Hite Smart Energy Co., Ltd.)[752](index=752&type=chunk)[753](index=753&type=chunk) - The company provided multiple guarantees as a guarantor for its subsidiaries Zhejiang Hite New Energy Co., Ltd. and Zhejiang Hite Electric Industrial Co., Ltd[761](index=761&type=chunk)[762](index=762&type=chunk)[763](index=763&type=chunk)[764](index=764&type=chunk)[765](index=765&type=chunk)[766](index=766&type=chunk)[767](index=767&type=chunk)[768](index=768&type=chunk)[769](index=769&type=chunk)[770](index=770&type=chunk) Related Party Receivables and Payables (Period-End Balance) | Item Name | Related Party | Carrying Amount (CNY) | Bad Debt Provision (CNY) | | :--- | :--- | :--- | :--- | | Accounts Receivable | Guangxi Ruiwei New Energy Investment Co., Ltd. | 3,000,000.23 | 3,000,000.23 | | Accounts Receivable | Huarong Jingyao Electric Power Co., Ltd. | 1,000,000.00 | 1,000,000.00 | | Accounts Receivable | Zhejiang Hite Smart Energy Co., Ltd. | 56,823,087.02 | 0.00 | | Other Receivables | Zhejiang Hite Smart Energy Co., Ltd. | 18,000,000.00 | 0.00 | | Accounts Payable | Shanghai Hite Network Information Technology Co., Ltd. | 458,406.80 | | | Other Payables | Zhejiang Hite Smart Energy Co., Ltd. | 566,989.45 | | - Key management personnel compensation amounted to **CNY 3,431,731.73**[774](index=774&type=chunk) [XV. Share-Based Payment](index=195&type=section&id=XV.%20Share-Based%20Payment) The company had no share-based payment related information during the reporting period. - The company had no share-based payment related information during the reporting period[780](index=780&type=chunk)[781](index=781&type=chunk)[782](index=782&type=chunk)[783](index=783&type=chunk)[784](index=784&type=chunk) [XVI. Commitments and Contingencies](index=195&type=section&id=XVI.%20Commitments%20and%20Contingencies) The company has significant commitments, including an equity cooperation intention and various guarantees, and faces a CNY 317 million subsidiary litigation case awaiting judgment. - The company has an equity cooperation intention with Sonepar Group, but failed to reach an agreement on future development strategies and other matters, thus the conditions for control transfer were not met[780](index=780&type=chunk)[781](index=781&type=chunk) - Details of the company's asset mortgages and pledges can be found in the notes on accounts receivable financing, other equity instrument investments, fixed assets, intangible assets, restricted assets by ownership or right-of-use, and monetary funds not classified as cash and cash equivalents[781](index=781&type=chunk) - As of June 30, 2025, the total amount of quality and performance guarantees issued by the company and its subsidiaries was **CNY 45.6235 million**[782](index=782&type=chunk) - The company provides guarantees for notes payable and performance guarantees of its subsidiaries Zhejiang Hite New Energy Co., Ltd. and Zhejiang Hite Electric Industrial Co., Ltd[784](index=784&type=chunk) - Subsidiary Smart Energy is involved in a sales contract dispute with Yuandong New Energy Co., Ltd., with a provisional amount of approximately **CNY 317 million**, which has been heard but not yet judged[790](index=790&type=chunk) - The company has no other significant contingencies requiring disclosure[787](index=787&type=chunk) [XVII. Events After the Balance Sheet Date](index=197&type=section&id=XVII.%20Events%20After%20the%20Balance%20Sheet%20Date) A subsidiary's CNY 317 million sales contract dispute, heard but not yet judged, creates uncertainty for future profits, with no other significant post-balance sheet events. - The company's subsidiary Smart Energy was involved in a sales contract dispute with a customer, with a provisional amount of approximately **CNY 317 million**, which has been heard but not yet judged, and the specific impact on the company's future profits remains uncertain[790](index=790&type=chunk) - The company had no significant non-adjusting events, profit distribution, or sales returns[789](index=789&type=chunk)[790](index=790&type=chunk) [XVIII. Other Significant Matters](index=197&type=section&id=XVIII.%20Other%20Significant%20Matters) The company had no prior accounting error corrections or debt restructurings, and segments its business into industrial electrical automation, new energy, and industrial information technology. - The company had no prior period accounting error corrections, debt restructurings, asset exchanges, annuity plans, or discontinued operations during the reporting period[791](index=791&type=chunk)[793](index=793&type=chunk)[794](index=794&type=chunk)[796](index=796&type=chunk) - The company determines its reportable segments based on business nature and type, including industrial electrical automation, new energy, and industrial information technology businesses[797](index=797&type=chunk) Financial Information of Reportable Segments | Item | Industrial Electrical Automation Business (CNY) | New Energy Business (CNY) | Industrial Information Technology Business (CNY) | Inter-segment Eliminations (CNY) | Total (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | | Main Business Revenue | 688,019,784.95 | 415,358,608.85 | 198,284,197.10 | -30,132,655.20 | 1,271,529,935.70 | | Main Business Cost | 631,307,048.09 | 374,310,768.74 | 117,777,451.10 | -11,822,727.84 | 1,111,572,540.09 | | Total Assets | 1,026,837,601.89 | 1,435,027,638.02 | 1,717,832,370.14 | -967,390,460.13 | 3,212,307,149.92 | | Total Liabilities | 471,514,531.53 | 1,289,448,753.35 | 456,174,694.34 | -424,380,717.81 | 1,792,757,261.41 | - As of June 30, 2025, some subsidiaries' registered capital had not yet been fully paid in, and they had not commenced actual operations[801](index=801&type=chunk) [XIX. Notes to Parent Company Financial Statement Items](index=199&type=section&id=XIX.%20Notes%20to%20Parent%20Company%20Financial%20Statement%20Items) Parent company accounts receivable totaled CNY 296.61 million, with 66.20% from related parties, and long-term equity investments were CNY 559.05 million. Parent Company Accounts Receivable Disclosed by Bad Debt Provision Method | Category | Period-End Carrying Amount (CNY) | Proportion | Bad Debt Provision (CNY) | Provision Rate | Carrying Value (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable for which Bad Debt Provisions are Made by Portfolio | 296,609,492.78 | 100.00% | 24,295,879.24 | 8.19% | 272,313,613.54 | | Of which: Industrial Information Technology Business Portfolio | 100,263,865.50 | 33.80% | 24,295,879.24 | 24.23% | 75,967,986.26 | | Related Party Portfolio within Consolidation Scope | 196,345,627.28 | 66.20% | 0.00 | 0.00% | 196,345,627.28 | Parent Company Long-Term Equity Investments | Item | Period-End Carrying Value (CNY) | Beginning-of-Period Carrying Value (CNY) | | :--- | :--- | :--- | | Investments in Subsidiaries | 546,339,907.98 | 546,339,907.98 | | Investments in Associates and Joint Ventures | 12,705,764.54 | 13,045,671.47 | | Total | 559,045,672.52 | 559,385,579.45 | Parent Company Operating Revenue and Operating Cost | Item | Current Period Revenue (CNY) | Current Period Cost (CNY) | Prior Period Revenue (CNY) | Prior Period Cost (CNY) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 162,750,490.54 | 109,113,646.72 | 205,720,673.74 | 143,256,865.03 | | Other Businesses | 7,422,773.25 | 896,666.34 | 7,216,031.32 | 1,106,989.17 | | Total | 170,173,263.79 | 110,010,313.06 | 212,936,705.06 | 144,363,854.20 | - Parent company's investment income for the current period was **CNY -89,380.05**[858](index=858&type=chunk) [XX. Supplementary Information](index=209&type=section&id=XX.%20Supplementary%20Information) This section provides supplementary financial details, including non-recurring gains and losses of CNY 16.99 million, a 0.97% weighted average return on net assets, and no accounting data differences. Detailed Statement of Non-Recurring Gains and Losses for the Current Period | Item | Amount (CNY) | | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | 26,541.76 | | Government Subsidies Included in Current Profit and Loss | 13,440,687.98 | | Gains and Losses from Changes in Fair Value of Financial Assets and Liabilities Held by Non-Financial Enterprises and from Disposal of Financial Assets and Liabilities, Excluding Effective Hedge Accounting Related to the Company's Normal Business Operations | 196,998.57 | | Gains and Losses from Entrusting Others to Invest or Manage Assets | 365,170.03 | | Other Non-Operating Income and Expenses Apart from the Above Items | 4,755,849.86 | | Gains from Remeasuring Equity Held Before the Acquisition Date in Non-Same-Control Business Combinations at Fair Value | 8,752,112.88 | | Less: Income Tax Impact | 764,411.87 | | Impact on Minority Interests (After Tax) | 9,782,282.13 | | Total | 16,990,667.08 | Return on Net Assets and Earnings Per Share | Profit for the Reporting Period | Weighted Average Return on Net Assets | Basic Earnings Per Share (CNY/share) | Diluted Earnings Per Share (CNY/share) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Ordinary Shareholders of the Company | 0.97% | 0.0314 | 0.0314 | | Net Profit Attributable to Ordinary Shareholders of the Company After Deducting Non-Recurring Gains and Losses | -0.52% | -0.0169 | -0.0169 | - The company reported no differences in accounting data under domestic and overseas accounting standards[862](index=862&type=chunk) Section 9 Other Submitted Data [I. Other Significant Social Safety Issues](index=211&type=section&id=I.%20Other%20Significant%20Social%20Safety%20Issues) The listed company and its subsidiaries have no other significant social safety issues and were not subject to administrative penalties during the reporting period. - The listed company and its subsidiaries have no other significant social safety issues and were not subject to administrative penalties during the reporting period[864](index=864&type=chunk) [II. Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=211&type=section&id=II.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) The company hosted three research activities with institutional investors, focusing on company overview and future development strategy. - The company hosted **three research activities** on March 6, May 15, and May 16, 2025[864](index=864&type=chunk) - Reception methods included on-site research and online platform exchanges, with institutional investors as the primary recipients[864](index=864&type=chunk) - The main topics discussed were understanding the company's situation and its future development strategy[864](index=864&type=chunk) [III. Fund Transfers Between Listed Company and Controlling Shareholder and Other Related Parties](index=211&type=section&id=III.%20Fund%20Transfers%20Between%20Listed%20Company%20and%20Controlling%20Shareholder%20and%20Other%20Related%20Parties) The company had no fund transfers with its controlling shareholder or other related parties during the reporting period. - The company had no fund transfers with its controlling shareholder or other related parties during the reporting period[865](index=865&type=chunk)

证券日报网讯海得控制8月21日在互动平台回答投资者提问时表示，截至2025年8月20日，公司股东人数 为43119户。 （文章来源：证券日报） ...

海得控制8月21日披露，截至8月20日公司股东户数为43119户，较上期（8月10日）减少3776户，环比降 幅为8.05%。 证券时报·数据宝统计，截至发稿，海得控制最新股价为13.94元，下跌0.71%，本期筹码集中以来股价 累计上涨0.72%。具体到各交易日，5次上涨，4次下跌。 公司发布的一季报数据显示，一季度公司共实现营业收入6.92亿元，同比增长44.76%，实现净利 润-634.56万元，同比增长48.39%，基本每股收益为-0.0180元。 7月15日公司发布上半年业绩预告，预计实现净利润1000.00万元至1500.00万元，变动区间为 221.44%~282.16%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） ...

Group 1 - The company operates in the industrial control and specialized electrical equipment manufacturing industry, focusing on automation and efficiency in manufacturing processes [2] - The main business includes the development of hardware and software products for industrial electrical automation and information technology, such as medium redundancy PLCs, edge controllers, SCADA software, and intelligent network management software [2] - The company's accumulated technologies in automation and information can be reused in the development of the robotics industry, integrating with the control and data interaction layers of their "digitalization" solutions [2] Group 2 - The company is involved in the application of unmanned intelligent systems in industries such as metallurgy, pipe corridors, and ports, which require adaptability, replicability, and iterability [2] - The integration of technologies like intelligent control, intelligent computing, and intelligent display is essential for enhancing the overall intelligence level of the systems [2]

来源：新浪证券 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年度A股董秘数据报告》显示，2024年 A股上市公司董秘薪酬合计达40.86亿元，平均年薪75.43万元。 分行业来看，机械设备-自动化设备行业（申万二级行业）上市公司董秘2024年薪酬平均数约为83.01万元。其中薪酬最高为赛腾股份孙丰， 2024年薪酬高达622.17万元；薪酬最低为欧克科技陈真，2024年薪酬为15.25万元（统计剔除了未完整领取2024年全年薪酬的董秘）。从整体 薪酬分布来看，薪酬在50-100万元人数最多，共计34人，占比50%。 从薪酬变化情况来看，2024年薪酬较2023年平均上涨1.31万元，平均涨幅为8%。英诺激光张勇2024年薪酬为105.07万元，较2023年薪酬 44.51万元增加60.56万元，涨幅达136%，其薪酬增加金额与涨幅比例均居首位。 从年龄结构来看，董秘的年龄平均数约为43.54岁，其中40-49岁最多，人数共34人，占比约50%。其中，年龄最大的为海得控制吴秋农，年 龄为59岁，2024年薪酬为104.75万元；年龄最小的为欧克科技陈真，年龄为2 ...

分行业来看，机械设备-自动化设备行业（申万二级行业）上市公司董秘2024年薪酬平均数约为83.01万元。其中薪酬最高为赛腾股份孙丰， 2024年薪酬高达622.17万元；薪酬最低为欧克科技陈真，2024年薪酬为15.25万元（统计剔除了未完整领取2024年全年薪酬的董秘）。从整体 薪酬分布来看，薪酬在50-100万元人数最多，共计34人，占比50%。 从薪酬变化情况来看，2024年薪酬较2023年平均上涨1.31万元，平均涨幅为8%。英诺激光张勇2024年薪酬为105.07万元，较2023年薪酬 44.51万元增加60.56万元，涨幅达136%，其薪酬增加金额与涨幅比例均居首位。 从年龄结构来看，董秘的年龄平均数约为43.54岁，其中40-49岁最多，人数共34人，占比约50%。其中，年龄最大的为海得控制吴秋农，年 龄为59岁，2024年薪酬为104.75万元；年龄最小的为欧克科技陈真，年龄为29岁。 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年度A股董秘数据报告》显示，202 ...

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report indicates that the total salary of secretaries in A-share listed companies reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, highlighting the significant role of secretaries in connecting investors and listed companies [1]. Salary Overview - The average salary of secretaries in the machinery and automation equipment industry is approximately 830,100 yuan, with the highest salary being 6.2217 million yuan for Sun Feng of Saiteng Co., and the lowest being 152,500 yuan for Chen Zhen of Oke Technology [1]. - The overall salary distribution shows that the majority of secretaries earn between 500,000 and 1 million yuan, totaling 34 individuals, which accounts for 50% of the total [1]. Salary Changes - The average salary in 2024 increased by 13,100 yuan compared to 2023, representing an 8% increase [3]. - Zhang Yong from Inno Laser saw a significant salary increase to 1.0507 million yuan in 2024, up from 445,100 yuan in 2023, marking a 136% increase, the highest in both amount and percentage [3]. Age Structure - The average age of secretaries is approximately 43.54 years, with the largest age group being 40-49 years, comprising about 50% of the total [3]. - The oldest secretary is Wu Qiunong from Haide Control, aged 59, earning 1.0475 million yuan in 2024, while the youngest is Chen Zhen from Oke Technology, aged 29 [3]. Educational Background - The distribution of educational qualifications among secretaries includes 1 PhD, 32 Master's degrees, 29 Bachelor's degrees, and 5 with vocational or lower education, with corresponding average salaries of 857,300 yuan, 930,700 yuan, 572,400 yuan, and 666,100 yuan respectively [5]. - Lei Sai Intelligent's Xiang Shaohua holds a PhD and earns 857,300 yuan, while Xu Xuhua from Changfu Co. has a vocational education and earns 591,800 yuan [5]. Compliance Issues - A total of 6 secretaries received warnings, public notifications, or internal communications regarding compliance issues during 2024-2025 [7]. Company-Specific Data - A table lists specific companies, their secretaries, ages, educational backgrounds, 2024 salaries, and instances of warnings or criticisms received [8].

专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年度A股董秘数据报告》显示，2024年 A股上市公司董秘薪酬合计达40.86亿元，平均年薪75.43万元。 分行业来看，机械设备-自动化设备行业（申万二级行业）上市公司董秘2024年薪酬平均数约为83.01万元。其中薪酬最高为赛腾股份孙丰， 2024年薪酬高达622.17万元；薪酬最低为欧克科技陈真，2024年薪酬为15.25万元（统计剔除了未完整领取2024年全年薪酬的董秘）。从整体 薪酬分布来看，薪酬在50-100万元人数最多，共计34人，占比50%。 从薪酬变化情况来看，2024年薪酬较2023年平均上涨1.31万元，平均涨幅为8%。英诺激光张勇2024年薪酬为105.07万元，较2023年薪酬 44.51万元增加60.56万元，涨幅达136%，其薪酬增加金额与涨幅比例均居首位。 从年龄结构来看，董秘的年龄平均数约为43.54岁，其中40-49岁最多，人数共34人，占比约50%。其中，年龄最大的为海得控制吴秋农，年 龄为59岁，2 ...