奥维通信股份有限公司 2025年半年度控股股东及其他关联方非经营性资金占用及清偿情况表 | 编制单位：奥维通信股份有限公司 | | | | | | | | | | 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系 | 2025年初占用资金余额 | 报告期新增占用 （2025半年度） | 报告期新增占用利息 (2025年半年度) | 报告期偿还总金额 （2025半年度） | 期末余额 （2025年6月30日） | 截止半年报披露日余额 | 预计偿还方式 | 预计偿还金额 | 预计偿还时间 | | 上海东和欣新材料集团有限公司及其关联 方 | 控股股东的一致行动人 | 18,808.75 | 4,375.28 | 332.57 | 6,004.50 | 17,512.10 | 17,606.18 | 现金清偿 | 17,606.18 | 2025年12月 | | 现控股股东、实际控 江苏大江金属材料有限公司 制人及其附属企业 | 控股股东的一致 ...

奥维通信股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 第八节 财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：奥维通信股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 69,748,937.81 | 64,801,339.41 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 4,313,253.60 | 5,922,660.38 | | 应收账款 | 36,598,423.39 | 50,387,434.61 | | 应收款项融资 | | | | 预付款项 | 2,167,889.48 | 1,830,068.25 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 | 115,922,031.0 ...

证券代码：002231 证券简称：*ST 奥维 公告编号：2025-059 奥维通信股份有限公司 关于计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》等有关规定，奥维通信股份有限公 司（以下简称"公司"）现将公司 2025 年半年度计提资产减值准备的具体情况 公告如下： 一、本次计提资产减值准备的情况 （一）本次计提资产减值准备的原因 根据《企业会计准则》、深圳证券交易所《上市公司规范运作指引》和公 司会计政策等有关规定，为客观、真实地反映公司截至 2025 年 6 月 30 日的资 产和财务状况，基于谨慎原则，公司对各类资产进行了全面检查和减值测试， 对截至 2025 年 6 月 30 日合并报表范围内的有关资产计提相应减值准备。 （二）本次计提资产减值损失的资产范围、总金额及报告期间 根据《企业会计准则》及公司会计政策的相关规定，为真实、准确地反映 公司截至 2025 年 6 月 30 日的资产价值及财务状况，公司对合并范围内各类应 收票据、应收账款、其他应收款、合同资产等相关资产进行了减值测试。根 ...

3 公司法定代表人： 主管会计工作的负责人： 会计机构负责人： 奥维通信股份有限公司 2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：奥维通信股份有限公司 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 关联关系 | 上市公司核算的 | 期初余额 | 报告期新增占用 | 报告期新增占用利息 | 报告期偿还总金额 | | 期末余额 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 会计科目 | （2025年1月1日） | （2025年半年度） | (2025年半年度) | （2025年半年度） | | （2025年6月30日） | | | | | 上海东和欣新材料集团有限公司及 其关联方 | 控股股东的一致行动 人 | 其他应收款 | 18,808.75 | 4,375.28 | 332.57 | | 6,004.50 | 17,512.10 | 资金占用及利息 | 非经营性往来 | | 现控股股东、实际控 | ...

证券代码：002231 证券简称：*ST 奥维 公告编号：2025-063 奥维通信股份有限公司 第六届监事会第二十四次会议决议公告 本公司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、误导性陈述或者重大遗漏。 一、监事会会议召开情况 奥维通信股份有限公司（以下简称"公司"）第六届监事会第二十四次会 议（以下简称"本次会议"）于 2025 年 8 月 26 日在公司五楼会议室以现场投 票的方式召开。本次会议的通知已于 2025 年 8 月 15 日以电子邮件、专人传递 等方式发出。应出席本次会议的监事为 3 名，实际出席监事 3 名，符合《公司 法》及《公司章程》的规定。本次会议由监事会主席裴非先生主持，经与会监 事充分讨论和审议，会议形成如下决议： 二、监事会会议审议情况 1、会议以 3 票同意、0 票反对、0 票弃权的表决结果审议通过了《关于公 司 2025 年半年度报告全文及摘要的议案》； 经审核，监事会认为：董事会编制和审核奥维通信股份有限公司 2025 年半 年度报告及摘要的程序符合法律、行政法规和中国证监会的规定，报告内容真 实、准确、完整地反映了上市公司的实际情况，不存在任何 ...

证券代码：002231 证券简称：*ST 奥维 公告编号：2025-062 奥维通信股份有限公司 二、董事会会议审议情况 1、会议以 7 票同意、0 票反对、0 票弃权的表决结果审议通过了《关于公司 2025 年半年度报告全文及摘要的议案》； 根据中国证监会及深圳证券交易所的相关法律法规要求，公司编制了《2025 年半年度报告》及《2025 年半年度报告摘要》。具体内容详见公司披露的《2025 年半年度报告全文》（公告编号：2025-058）及《2025 年半年度报告摘要》（公 告编号：2025-057）。 三、备查文件 1、第六届董事会第三十七次会议决议。 特此公告。 奥维通信股份有限公司 董事会 2025 年 8 月 28 日 第六届董事会第三十七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 奥维通信股份有限公司（以下简称"公司"）第六届董事会第三十七次会 议（以下简称"本次会议"）于 2025 年 8 月 26 日在公司五楼会议室以现场结 合通讯的方式召开。本次会议的通知已于 2025 年 8 月 15 日以电子 ...

奥维通信股份有限公司 关于公司违规担保的风险提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：002231 证券简称：*ST 奥维 公告编号：2025-060 特别提示： 1、2024 年 12 月 10 日，奥维通信股份有限公司（以下简称"公司"）控股 子公司东和欣新材料产业（无锡）有限公司（以下简称"无锡东和欣"）法定 代表人、董事长李东未经无锡东和欣董事会、股东会及公司董事会、股东大会 审议决策，超越其权限以无锡东和欣名义向中财招商投资集团商业保理有限公 司（以下简称"中财保理"）出具了《连带保证担保函》（以下简称"《担保 函》"），为东台市东锋浩新材料科技有限公司（以下简称"东台东锋浩"） 向中财保理 5,000 万元融资提供连带责任保证。上述《担保函》的出具未履行公 司董事会、股东大会审议程序和信息披露义务，构成违规对外提供担保，担保 金额本金为 5,000 万元，占公司最近一期经审计归母净资产的 18.55%。 2、李东、邹梦华系持有公司 5.22%股份的股东上海东和欣新材料集团有限 公司（以下简称"上海东和欣"）实际控制人；同时 ...

Group 1 - The sixth session of the Supervisory Board of Aowei Communication Co., Ltd. held its 24th meeting on August 26, 2025, with all three supervisors present, meeting legal and regulatory requirements [1] - The Supervisory Board reviewed and approved the company's 2025 semi-annual report and summary, confirming that the report was prepared in accordance with laws and regulations, and accurately reflected the company's actual situation without any false records or misleading statements [1][2]

Group 1 - The board meeting of Aowei Communication Co., Ltd. was held on August 26, 2025, with all 7 directors present, complying with legal and regulatory requirements [1][3] - The board reviewed and approved the 2025 semi-annual report and its summary, in accordance with the regulations of the China Securities Regulatory Commission and Shenzhen Stock Exchange [1]

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial disclaimers, the report's structural overview, and definitions of key terms used throughout the document [Important Notice](index=2&type=section&id=Important%20Notice) The company's board and management guarantee the report's accuracy, while acknowledging negative financial performance in 2024 and a disclaimer of opinion, triggering delisting risk warnings - The company's **2024 annual operating revenue was 291.291 million yuan**, with **288.2253 million yuan after deductions**, **net profit attributable to shareholders was -46.1147 million yuan**, and **net profit after deducting non-recurring gains and losses was -58.3677 million yuan**[3](index=3&type=chunk) - Rongcheng Certified Public Accountants issued a **disclaimer of opinion on the company's 2024 financial report**, leading to the **implementation of delisting risk warnings** for the company's stock trading[3](index=3&type=chunk) - The company's **2025 semi-annual operating revenue was 23.4762 million yuan**, with **22.3237 million yuan after deductions**[4](index=4&type=chunk) - If the company's 2025 audited total profit, net profit, or net profit after deducting non-recurring gains and losses is negative (whichever is lower), and the operating revenue after deductions is **below 300 million yuan**, the company's shares will be terminated from listing[5](index=5&type=chunk)[11](index=11&type=chunk) - The company plans **not to distribute cash dividends, bonus shares, or convert capital reserves into share capital**[12](index=12&type=chunk) [Table of Contents](index=5&type=section&id=Table%20of%20Contents) This report's directory clearly outlines nine main chapters, covering important notices, company profile, management discussion and analysis, corporate governance, significant events, share changes, bond information, financial reports, and other submitted data, along with a list of reference documents - The report comprises **nine main chapters**, ranging from important notices to financial reports and a list of reference documents[14](index=14&type=chunk)[15](index=15&type=chunk) [Definitions](index=7&type=section&id=Definitions) This section defines common terms used in the report, including company names, regulatory bodies, communication technologies, information technology, audio-visual, multi-mode integrated tablet terminals, metal materials, and the reporting period, ensuring reader comprehension - Definitions cover the company, regulatory bodies, communication technologies (LTE, 3G), informatization, audio-visual, multi-mode integrated tablet terminals, and terminals[18](index=18&type=chunk) - Metal product terms include Wuxi Donghexin, Tianjin Donghexin, Dongtai Donghexin, Shanghai Donghexin, Dajiang Metal, Shanghai Tianji, Wuxi Lianghong, hot-rolled coil, cold-rolled hard coil, substrate, tinplate, and chrome-plated coil[18](index=18&type=chunk) - The **reporting period is defined as January 1, 2025, to June 30, 2025**[18](index=18&type=chunk) [Company Profile and Key Financial Indicators](index=8&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, contact details, and a summary of its key accounting data and financial indicators for the reporting period [I. Company Profile](index=8&type=section&id=I.%20Company%20Profile) The company, known as *ST Allwin Telecom, stock code 002231, is listed on the Shenzhen Stock Exchange, with Du Fang as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | *ST Allwin Telecom | | Stock Code | 002231 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Allwin Telecom Co., Ltd. | | Legal Representative | Du Fang | [II. Contact Persons and Information](index=8&type=section&id=II.%20Contact%20Persons%20and%20Information) The company's Board Secretary is Bai Lihai, with Liu Dacheng and Bi Ying as Securities Affairs Representatives, all reachable at Shenyang Hunnan New District, Gaoge Road No. 6, via phone 024-83782200 or email bailihai@allwintelecom.com Company Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Bai Lihai | No. 6 Gaoge Road, Hunnan New District, Shenyang | 024-83782200 | 024-83782200 | bailihai@allwintelecom.com | | Securities Affairs Representative | Liu Dacheng, Bi Ying | No. 6 Gaoge Road, Hunnan New District, Shenyang | 024-83782200 | 024-83782200 | bailihai@allwintelecom.com | [III. Other Information](index=8&type=section&id=III.%20Other%20Information) During the reporting period, there were no changes to the company's registered address, office address, website, email, information disclosure platforms, or semi-annual report availability, with details available in the 2024 annual report - The company's registered address, office address, website, and email remained **unchanged** during the reporting period[22](index=22&type=chunk) - Information disclosure and storage locations remained **unchanged** during the reporting period[23](index=23&type=chunk) - Other relevant information saw **no changes** during the reporting period[24](index=24&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=8&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's key financial indicators for the first half of 2025 significantly declined year-on-year, with operating revenue down 88.81%, net profit attributable to shareholders down 1437.32%, and weighted average return on net assets worsening by 37.74 percentage points Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (yuan) | Prior Period (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 23,476,179.49 | 209,743,208.11 | -88.81% | | Net Profit Attributable to Shareholders | -89,066,868.76 | -5,793,644.33 | -1,437.32% | | Net Profit Attributable to Shareholders After Deducting Non-Recurring Gains and Losses | -75,749,424.24 | -11,897,593.98 | -536.68% | | Net Cash Flow from Operating Activities | -47,761,463.38 | -81,662,967.40 | 41.51% | | Basic Earnings Per Share (yuan/share) | -0.2568 | -0.0167 | -1,437.72% | | Diluted Earnings Per Share (yuan/share) | -0.2568 | -0.0167 | -1,437.72% | | Weighted Average Return on Net Assets | -39.59% | -1.85% | -37.74% | | Indicator | Current Period End (yuan) | Prior Year End (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Assets | 366,166,713.18 | 512,559,807.82 | -28.56% | | Net Assets Attributable to Shareholders | 180,454,515.82 | 269,521,384.58 | -33.05% | [V. Differences in Accounting Data Under Domestic and International Accounting Standards](index=9&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20International%20Accounting%20Standards) During the reporting period, the company reported no differences in net profit and net assets between financial statements prepared under international or overseas accounting standards and those prepared under Chinese accounting standards - During the reporting period, the company reported **no differences in net profit and net assets** between financial statements disclosed under international accounting standards and Chinese accounting standards[26](index=26&type=chunk) - During the reporting period, the company reported **no differences in net profit and net assets** between financial statements disclosed under overseas accounting standards and Chinese accounting standards[27](index=27&type=chunk) [VI. Non-Recurring Gains and Losses and Amounts](index=9&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20and%20Amounts) The company's total non-recurring gains and losses for the reporting period amounted to -13.31744452 million yuan, primarily influenced by non-current asset disposal losses, government subsidies, capital occupation fees, and a significant increase in non-operating expenses due to the illegal disposal of inventory Non-Recurring Gains and Losses and Amounts | Item | Amount (yuan) | Explanation | | :--- | :--- | :--- | | Gains/losses on disposal of non-current assets | -101,977.99 | | | Government subsidies recognized in current profit/loss | 10,000.00 | | | Capital occupation fees received from non-financial enterprises recognized in current profit/loss | 3,530,203.94 | | | Other non-operating income and expenses apart from the above | -24,272,341.78 | Due to illegal disposal of inventory stored at entrusted processor Dajiang Metal during the reporting period | | Impact on minority interests (after tax) | -7,516,671.31 | | | Total | -13,317,444.52 | | - The company has **no other profit or loss items that meet the definition of non-recurring gains and losses**, nor does it classify non-recurring gains and losses as recurring items[30](index=30&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Item%203.%20Management%20Discussion%20and%20Analysis) This section analyzes the company's primary business operations, core competencies, financial performance, non-operating activities, asset and liability status, investment activities, and the risks and countermeasures it faces [I. Principal Businesses Engaged in by the Company During the Reporting Period](index=11&type=section&id=I.%20Principal%20Businesses%20Engaged%20in%20by%20the%20Company%20During%20the%20Reporting%20Period) The company primarily operates in communication equipment manufacturing and metal products, with the former benefiting from defense spending and digitalization, and the latter facing innovation challenges in high-end, low-carbon, and intelligent manufacturing [1. Industry Development Status](index=11&type=section&id=1.%20Industry%20Development%20Status) The communication equipment manufacturing industry is driven by national digital economy plans and steady growth in defense spending, while the metal products industry, despite revenue and profit growth, faces innovation challenges in technology, green practices, and intelligent manufacturing - The communication equipment manufacturing industry benefits from the "14th Five-Year Plan" for digital economy development and increased defense spending, with **defense expenditure growing by 7.2% in 2025**, indicating **broad prospects for military communication equipment**[32](index=32&type=chunk) - The metal products industry saw **operating revenue grow by 1.9%** and **total profit grow by 7%** from January to June 2025, but industry competition has shifted towards "technology + green + scenario" innovation[33](index=33&type%3Dchunk) [2. Main Business, Products, or Services](index=11&type=section&id=2.%20Main%20Business%2C%20Products%2C%20or%20Services) The company's communication equipment business offers audio-visual systems, domestically controlled equipment, and specialized network devices for defense, while its metal products business, through Wuxi Donghexin, produces tinplate, cold-rolled hard coils, and substrates for metal packaging - Communication equipment manufacturing primarily offers **audio-visual systems, domestically controlled equipment, individual soldier informatization equipment, and private network mobile broadband devices**, providing solutions for audio-visual command, wireless broadband systems, and smart camps, with a focus on **defense applications**[34](index=34&type=chunk)[35](index=35&type=chunk) - The metal products business, primarily through Wuxi Donghexin, produces **tinplate, cold-rolled hard coils, and substrates**, used in metal packaging containers for food, beverages, and chemicals[36](index=36&type=chunk) [3. Main Business Model](index=12&type=section&id=3.%20Main%20Business%20Model) The communication equipment manufacturing segment primarily operates on a bid-and-tender basis, producing customized products based on sales orders with strict procurement, while the metal products segment sells processed products to can manufacturing and packaging enterprises - The communication equipment manufacturing segment largely adopts a **bid-and-tender model**, producing **customized products based on sales orders**, with a well-developed procurement management and control system[37](index=37&type=chunk) - The metal products segment primarily sells processed products such as **tinplate, cold-rolled hard coils, and substrates** to downstream can manufacturing, packaging enterprises, and their suppliers[38](index=38&type=chunk) [II. Analysis of Core Competencies](index=12&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core competencies stem from its product process and technological advantages (SMT, next-generation wireless communication, audio-visual integration), qualifications and honors (multiple engineering qualifications, national intellectual property advantage enterprise, specialized and sophisticated "little giant"), independent R&D and innovation, and robust quality management and service - The company's product process and technological advantages are reflected in **SMT, painting, injection molding, and aluminum casting processes**, as well as **next-generation wireless communication technology, multimedia cluster technology, independently controllable wired network security technology, and audio-visual fusion communication technology**[39](index=39&type=chunk) - The company holds multiple qualifications, including **"Communication Engineering General Contracting Grade II"**, and has been recognized as a **National Intellectual Property Advantage Enterprise**, a typical substantive industry-university-research alliance in Liaoning Province, a municipal wireless synchronous self-organizing sensor network technology innovation center, a high-tech enterprise, and a specialized and sophisticated "little giant" enterprise[40](index=40&type=chunk)[41](index=41&type=chunk) - The company possesses the capability for continuous research into new technologies and products, holding **13 authorized patents and 86 software copyrights**[42](index=42&type=chunk) - The company has obtained **ISO9001 Quality Management System, ISO14001 Environmental Management System, ISO45001 Occupational Health and Safety certifications**, and the **Integration of Informatization and Industrialization Management System assessment**[43](index=43&type=chunk) [III. Analysis of Principal Business](index=13&type=section&id=III.%20Analysis%20of%20Principal%20Business) The company's principal business experienced a significant year-on-year decline, with operating revenue down 88.81% and operating costs down 83.60%, primarily due to subsidiary shutdowns and a downturn in communication business, despite growth in military informatization and network optimization solutions Year-on-Year Changes in Key Financial Data | Indicator | Current Period (yuan) | Prior Period (yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 23,476,179.49 | 209,743,208.11 | -88.81% | Mainly due to subsidiary shutdowns and a decline in communication business during the reporting period | | Operating Cost | 33,212,557.60 | 202,568,976.93 | -83.60% | Mainly due to subsidiary shutdowns and a decline in communication business during the reporting period | | Administrative Expenses | 17,328,243.32 | 12,469,780.13 | 38.96% | Mainly due to increased professional service consulting fees and severance benefits during the reporting period | | Financial Expenses | -3,398,758.34 | -2,627,106.64 | -29.37% | Mainly due to accrued interest income from capital occupation during the reporting period | | R&D Investment | 1,659,841.83 | 4,256,542.32 | -61.00% | Mainly due to reduced R&D investment during the reporting period | | Net Cash Flow from Operating Activities | -47,761,463.38 | -81,662,967.40 | 41.51% | Mainly due to reduced cash payments for goods purchased and services received in the metal products business during the reporting period | | Net Cash Flow from Investing Activities | -121,481.95 | 25,849,179.48 | -100.47% | Mainly due to the redemption of wealth management products purchased by the company's subsidiary Wuxi Donghexin in the prior reporting period | | Net Cash Flow from Financing Activities | -426,692.62 | 48,464,801.15 | -100.88% | Mainly due to capital contributions from minority shareholders of the company's subsidiary Wuxi Donghexin in the prior reporting period | | Net Increase in Cash and Cash Equivalents | -48,308,140.95 | -7,338,474.79 | -558.29% | Mainly due to an increase in net cash flow from operating activities and a decrease in net cash flow from investing and financing activities during the reporting period | Composition of Operating Revenue | Category | Current Period Amount (yuan) | Share of Operating Revenue | Prior Period Amount (yuan) | Share of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry** | | | | | | | Communication Equipment Manufacturing | 6,601,402.33 | 28.12% | 19,696,824.95 | 9.39% | -66.48% | | Metal Products | 15,722,269.18 | 66.97% | 188,614,471.63 | 89.93% | -91.66% | | **By Product** | | | | | | | Military Informatization Products and Solutions | 3,126,527.43 | 13.32% | 2,331,415.60 | 1.11% | 34.10% | | Network Optimization and Coverage Equipment and Solutions | 3,474,874.90 | 14.80% | 994,023.00 | 0.47% | 249.58% | | Tinplate | 2,511,677.00 | 10.70% | 48,883,422.64 | 23.31% | -94.86% | | Cold-Rolled Hard Coil | 13,210,592.18 | 56.27% | 136,339,625.45 | 65.00% | -90.31% | | **By Region** | | | | | | | East China | 16,289,918.44 | 69.39% | 184,758,904.51 | 88.09% | -91.18% | | Central South China | 3,482,462.52 | 14.83% | 623,928.45 | 0.30% | 458.15% | [IV. Analysis of Non-Principal Business](index=15&type=section&id=IV.%20Analysis%20of%20Non-Principal%20Business) Non-principal business activities significantly impacted total profit negatively during the reporting period, with credit impairment losses of 56.2254 million yuan, non-operating expenses of 24.1273 million yuan due to illegal inventory disposal, and asset impairment losses of 2.2252 million yuan, none of which are sustainable Analysis of Non-Principal Business | Item | Amount (yuan) | Share of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Asset Impairment | -2,225,203.26 | 1.97% | Due to inventory impairment provision based on prudence principle during the reporting period | No | | Non-Operating Income | 258,176.67 | -0.23% | Due to collection of late fees during the reporting period | No | | Non-Operating Expenses | 24,127,339.01 | -21.31% | Due to illegal disposal of inventory stored at entrusted processor Dajiang Metal during the reporting period | No | | Credit Impairment Losses | -56,225,431.93 | 49.66% | Due to provision for bad debts from capital occupation during the reporting period | No | [V. Analysis of Assets and Liabilities](index=15&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets decreased by 28.56% year-on-year, and net assets attributable to shareholders decreased by 33.05%, with significant asset restrictions including 56.0236 million yuan in frozen monetary funds and 54.0498 million yuan in restricted inventory Significant Changes in Asset Composition | Item | Current Period End Amount (yuan) | Share of Total Assets | Prior Year End Amount (yuan) | Share of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 69,748,937.81 | 19.05% | 64,801,339.41 | 12.64% | 6.41% | Due to increased collections this year | | Inventory | 89,636,350.31 | 24.48% | 146,101,701.58 | 28.50% | -4.02% | Due to illegal disposal of inventory stored at entrusted processor Dajiang Metal and recognition of shutdown losses during the reporting period | | Right-of-Use Assets | | | 2,672,634.91 | 0.52% | -0.52% | Due to termination of right-of-use assets during the reporting period | | Lease Liabilities | | | 1,807,373.62 | 0.35% | -0.35% | Due to termination of right-of-use assets during the reporting period | | Other Receivables | 115,922,031.06 | 31.66% | 188,559,730.02 | 36.79% | -5.13% | Due to provision for bad debts from capital occupation during the reporting period | Asset Restriction Status | Item | Book Balance (yuan) | Book Value (yuan) | Restriction Type | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 56,023,616.21 | 56,023,616.21 | Frozen | Frozen by court due to contract dispute | | Inventory | 59,667,909.99 | 54,049,763.25 | Restricted Ownership | Wuxi Donghexin has not paid for raw materials, and according to the contract, Wuxi Lianghong has recourse rights; as of the disclosure date, the corresponding inventory is jointly controlled by both parties | | Total | 115,691,526.20 | 110,073,379.46 | — | — | [VI. Analysis of Investment Status](index=16&type=section&id=VI.%20Analysis%20of%20Investment%20Status) During the reporting period, the company made no significant equity, non-equity, securities, or derivative investments, but established a new 75%-owned subsidiary, Donghexin New Material Industry (Tianjin) Co., Ltd., which has not yet generated revenue - During the reporting period, the company had **no significant equity investments, non-equity investments, securities investments, or derivative investments**[53](index=53&type=chunk)[55](index=55&type=chunk)[56](index=56&type=chunk)[57](index=57&type=chunk) Significant Equity Investments Acquired During the Reporting Period | Name of Investee Company | Principal Business | Investment Method | Investment Amount (yuan) | Shareholding Ratio | Progress as of Balance Sheet Date | Investment Gain/Loss for Current Period (yuan) | Expected Return (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Donghexin New Material Industry (Tianjin) Co., Ltd. | Production, manufacturing, and sales of tinplate, cold-rolled hard coils, substrates, etc. | Investment Establishment | 0.00 | 75.00% | Business registration completed | 0.00 | 0.00 | [VII. Significant Asset and Equity Sales](index=17&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Sales) During the reporting period, the company did not engage in any significant asset or equity sales - The company **did not sell any significant assets** during the reporting period[58](index=58&type=chunk) - The company **did not sell any significant equity** during the reporting period[59](index=59&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=17&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) The company's main subsidiary, Wuxi Donghexin New Material Industry Co., Ltd., with a registered capital of 170 million yuan, reported total assets of 191.54 million yuan, net assets of 94.5443 million yuan, operating revenue of 15.8118 million yuan, and a net loss of 70.8289 million yuan, significantly impacting company performance due to production halts and frozen accounts Major Subsidiaries and Participating