Company Overview - Changchun Aopu Optoelectronics Technology Co., Ltd. was established on June 26, 2001, and listed on January 15, 2010. The company specializes in the research, production, and sales of optoelectronic measurement and control instruments, new medical instruments, optical materials, and grating encoders [2] - The main business revenue composition includes composite materials (39.35%), optoelectronic measurement instruments (33.88%), grating sensors (23.62%), precision casting (1.64%), and optical materials (1.51%) [2] - Aopu Optoelectronics is classified under the defense industry, specifically military electronics, and is involved in sectors such as specialized and innovative enterprises, lithography machines, medical devices, robotics, and machine vision [2] Financial Performance - As of June 30, 2025, Aopu Optoelectronics reported a revenue of 360 million yuan, a year-on-year decrease of 1.12%, and a net profit attributable to shareholders of 30.84 million yuan, down 9.51% year-on-year [2] - The company has distributed a total of 339 million yuan in dividends since its A-share listing, with 25.2 million yuan distributed over the past three years [3] Stock Performance - On August 27, Aopu Optoelectronics' stock price increased by 2.00%, reaching 54.97 yuan per share, with a trading volume of 223 million yuan and a turnover rate of 1.70%, resulting in a total market capitalization of 13.193 billion yuan [1] - Year-to-date, the stock price has risen by 45.96%, with a recent decline of 4.08% over the last five trading days, a 14.40% increase over the last 20 days, and a 26.14% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on May 13, where it recorded a net buy of -115 million yuan [1] Shareholder Structure - As of June 30, 2025, the number of shareholders for Aopu Optoelectronics was 40,400, a decrease of 24.89% from the previous period, with an average of 5,943 circulating shares per person, an increase of 33.14% [2] - Among the top ten circulating shareholders, new entrants include Yongying Semiconductor Industry Smart Selection Mixed Fund (holding 2.9 million shares), and Jin Xin Steady Strategy Mixed Fund (holding 1.59 million shares) [3]

Core Viewpoint - Aopu Optoelectronics (002338) has experienced a decline in stock price and financial performance, indicating potential challenges ahead for the company [1]. Financial Performance - As of August 25, 2025, Aopu Optoelectronics' stock closed at 55.49 yuan, down 2.85% with a trading volume of 139,200 hands and a transaction amount of 772 million yuan [1]. - The latest financial results show total revenue of 360 million yuan, a year-on-year decrease of 1.12%, and a net profit attributable to shareholders of 30.84 million yuan, down 9.51% year-on-year [1]. - The company's non-recurring net profit was 26.03 million yuan, a decrease of 7.57% year-on-year [1]. - Key financial ratios include a current ratio of 2.828, a quick ratio of 2.070, and a debt-to-asset ratio of 30.82% [1]. Capital Flow - On the day of reporting, the net outflow of main funds was 46.01 million yuan, accounting for 5.96% of the transaction amount [1]. - Large orders saw a net outflow of 45.62 million yuan, representing 5.91% of the transaction amount, while small orders had a net inflow of 51.03 million yuan, accounting for 6.61% [1]. Company Background - Aopu Optoelectronics, established in 2001 and located in Changchun, primarily engages in the manufacturing of computers, communications, and other electronic devices [2]. - The company has a registered capital of 240 million yuan and a paid-in capital of 31.51 million yuan [1]. - The legal representative of the company is Gao Jinsong [1]. Investment and Intellectual Property - Aopu Optoelectronics has invested in 11 companies and participated in 105 bidding projects [2]. - The company holds 54 trademark registrations and 206 patents, along with 14 administrative licenses [2].

Group 1 - The core viewpoint of the article is that Aopu Optoelectronics (002338.SZ) reported a decline in both revenue and net profit for the first half of 2025 compared to the previous year [2] - The company's operating revenue for the first half of 2025 was 360 million yuan, representing a year-on-year decrease of 1.12% [2] - The net profit attributable to shareholders of the listed company was 30.8416 million yuan, which is a year-on-year decrease of 9.51% [2] Group 2 - The net profit attributable to shareholders after deducting non-recurring gains and losses was 26.0325 million yuan, reflecting a year-on-year decrease of 7.57% [2] - The basic earnings per share for the company was 0.13 yuan [2]

Core Viewpoint - Aopu Optoelectronics (002338.SZ) reported a decline in revenue and net profit for the first half of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first half of 2025 was 360 million yuan, representing a year-on-year decrease of 1.12% [1] - The net profit attributable to shareholders of the listed company was 30.8416 million yuan, down 9.51% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 26.0325 million yuan, a decrease of 7.57% year-on-year [1] - Basic earnings per share stood at 0.13 yuan [1]

[Important Notes, Contents and Definitions](index=2&type=section&id=Section%201%20Important%20Notes%2C%20Contents%20and%20Definitions) [Important Notes](index=2&type=section&id=Important%20Notes) The company's management guarantees the truthfulness, accuracy, and completeness of the semi-annual report and its financial statements, while noting that future plans are not substantive commitments - The Board of Directors, Supervisory Committee, and senior management guarantee the **truthfulness, accuracy, and completeness** of the semi-annual report and its financial statements[4](index=4&type=chunk) - Forward-looking statements such as future development plans do not constitute substantive commitments to investors, who are advised to be aware of investment risks[4](index=4&type=chunk) - The company plans **no cash dividends, no bonus shares, and no capitalization of public reserves** for the semi-annual period[5](index=5&type=chunk) [Contents](index=3&type=section&id=Contents) This section lists the structured table of contents for the report - The report's table of contents covers nine main sections, including company profile, management discussion and analysis, corporate governance, significant matters, and financial reports[7](index=7&type=chunk) [List of Documents for Inspection](index=4&type=section&id=List%20of%20Documents%20for%20Inspection) This section lists the reference documents for the reporting period, available at the company's Securities Investment Management Department - Documents for inspection include signed and sealed financial statements, originals of all publicly disclosed company documents and announcements, and the original semi-annual report[9](index=9&type=chunk)[10](index=10&type=chunk)[11](index=11&type=chunk) - All inspection documents are kept at the company's Securities Investment Management Department[12](index=12&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section provides definitions for frequently used terms in the report, clarifying key concepts and abbreviations for major related parties - The "Reporting Period" refers to January 1, 2025, to June 30, 2025[13](index=13&type=chunk) - "The Company," "Company," and "UP Optotech" all refer to Changchun UP Optotech Co, Ltd[13](index=13&type=chunk) - Abbreviations for major related parties and subsidiaries, such as Changchun Institute of Optics, Fine Mechanics and Physics (CIOMP) and Guangdong Fenghua Advanced Technology (Holding) Co, Ltd (Fenghua Advanced Technology), are listed[13](index=13&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Section%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) Changchun UP Optotech Co, Ltd is listed on the Shenzhen Stock Exchange under the stock code 002338 Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | UP Optotech | | Stock Code | 002338 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | 长春奥普光电技术股份有限公司 | | Legal Representative | Gao Jinsong | [II. Contacts](index=6&type=section&id=II.%20Contacts) This section provides the contact information for the company's Board Secretary and Securities Affairs Representative Company Contact Information | Position | Name | Contact Address | Telephone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Shen Juan | 588 Yingkou Road, Changchun Economic and Technological Development Zone | 0431-86176789 | 0431-86176788 | zhoujianup@163.com | | Securities Affairs Representative | Zhou Jian | 588 Yingkou Road, Changchun Economic and Technological Development Zone | 0431-86176789 | 0431-86176788 | zhoujianup@163.com | [III. Other Information](index=6&type=section&id=III.%20Other%20Information) The company's registered address, office address, website, email, and information disclosure locations remained unchanged during the reporting period - The company's contact information, including registered address, office address, website, and email, remained unchanged during the reporting period[17](index=17&type=chunk) - The locations for information disclosure and document inspection remained unchanged during the reporting period, with details available in the 2024 annual report[18](index=18&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's revenue and net profit declined slightly, while net cash flow from operating activities improved significantly, and total assets increased Key Accounting Data and Financial Indicators (Current Period vs Prior Year Period) | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 360,333,158.89 | 364,412,107.56 | -1.12% | | Net Profit Attributable to Shareholders | 30,841,550.84 | 34,083,340.01 | -9.51% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 26,032,520.01 | 28,164,038.57 | -7.57% | | Net Cash Flow from Operating Activities | -34,551,506.10 | -123,690,756.61 | 72.07% | | Basic Earnings Per Share (Yuan/share) | 0.13 | 0.14 | -7.14% | | Diluted Earnings Per Share (Yuan/share) | 0.13 | 0.14 | -7.14% | | Weighted Average Return on Equity | 2.30% | 2.73% | -0.43% | | **End of Current Reporting Period vs End of Previous Year** | | | | | Total Assets | 2,451,827,180.18 | 2,261,597,596.88 | 8.41% | | Net Assets Attributable to Shareholders | 1,354,311,168.27 | 1,326,176,379.19 | 2.12% | [V. Differences in Accounting Data under Domestic and Foreign Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Foreign%20Accounting%20Standards) There were no discrepancies in net profit or net assets between financial reports prepared under Chinese accounting standards and those under international or foreign accounting standards - The company has no discrepancies in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards[21](index=21&type=chunk) - The company has no discrepancies in net profit and net assets between financial reports disclosed under foreign accounting standards and Chinese Accounting Standards[22](index=22&type=chunk) [VI. Non-recurring Profit and Loss Items and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Profit%20and%20Loss%20Items%20and%20Amounts) The company's non-recurring profit and loss primarily originated from government grants, totaling 4,809,030.83 Yuan after tax and minority interest adjustments Non-recurring Profit and Loss Items and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Government grants included in current profit or loss (excluding those with continuous impact) | 9,753,392.82 | | Other non-operating income and expenses | -14,341.79 | | Less: Income tax effect | 1,460,857.65 | | Minority interest effect (after tax) | 3,469,162.55 | | Total | 4,809,030.83 | - The company has no other profit or loss items that meet the definition of non-recurring items, nor has it reclassified any non-recurring items as recurring[25](index=25&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Section%203%20Management%20Discussion%20and%20Analysis) [I. Principal Business Activities during the Reporting Period](index=9&type=section&id=I.%20Principal%20Business%20Activities%20during%20the%20Reporting%20Period) The company is a leading high-tech enterprise in opto-mechatronics, specializing in defense optoelectronic measurement and control products - The company is a high-tech enterprise developing opto-mechatronic products and holds a leading position in the defense optoelectronic measurement and control sector[27](index=27&type=chunk) - Key products include optoelectronic measurement and control equipment, medical instruments, optical materials, grating sensors, and high-performance carbon fiber composite products[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) - Its optoelectronic theodolites have successfully completed target acquisition and measurement tasks in major national missions like the Shenzhou and Chang'e series[27](index=27&type=chunk) [II. Core Competitiveness Analysis](index=9&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core competitiveness is built on extensive trademarks, numerous patents, comprehensive defense industry qualifications, and quality management certifications - The company holds the "UP Optotech" registered trademark across multiple categories, including chemical preparations, radar equipment, medical devices, and glass processing[30](index=30&type=chunk)[31](index=31&type=chunk) - The company has been granted **117 patents**, including invention and utility model patents in fields such as vestibular function testing, optical imaging, and carbon fiber structures[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk) - The company also possesses **12 software copyrights** related to devices like lumbar muscle trainers, optical wavefront measurement, and AR glasses interaction platforms[35](index=35&type=chunk) - The company holds a full set of qualifications for the defense technology industry, a Medical Device Manufacturing License, and a Quality Management System Certification for optical materials[36](index=36&type=chunk) [III. Analysis of Principal Business Operations](index=14&type=section&id=III.%20Analysis%20of%20Principal%20Business%20Operations) Revenue from principal operations decreased slightly, but operating cash flow improved significantly, while financial expenses rose due to increased bank loans YoY Changes in Key Financial Data | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 360,333,158.89 | 364,412,107.56 | -1.12% | | | Operating Costs | 228,860,118.30 | 229,646,990.86 | -0.34% | | | Selling Expenses | 9,521,402.74 | 10,625,087.98 | -10.39% | | | Administrative Expenses | 39,392,666.76 | 41,368,106.18 | -4.78% | | | Financial Expenses | 4,333,079.85 | 2,947,220.68 | 47.02% | Increased bank loans led to higher interest expenses | | R&D Investment | 35,001,708.71 | 36,372,762.17 | -3.77% | | | Net Cash Flow from Operating Activities | -34,551,506.10 | -123,690,756.61 | 72.07% | Increased advance payments from new major operating contracts and sales collections | | Net Cash Flow from Investing Activities | -144,250,892.11 | -86,204,677.34 | -67.34% | Increased payment for the acquisition of a 40% stake in Changguang Aerospace | | Net Cash Flow from Financing Activities | 130,098,335.81 | -24,861,397.93 | 623.29% | Increased bank loans | | Net Increase in Cash and Cash Equivalents | -48,704,062.40 | -234,756,831.88 | 79.25% | | Operating Revenue Breakdown (by Industry and Product) | Category | Item | Current Period Amount (Yuan) | % of Operating Revenue | Prior Year Period Amount (Yuan) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry** | Optical Instrument Manufacturing | 218,541,612.05 | 60.65% | 221,160,269.65 | 60.69% | -1.18% | | | New Materials Industry | 141,791,546.84 | 39.35% | 143,251,837.91 | 39.31% | -1.02% | | **By Product** | Optoelectronic Measurement and Control Instruments | 122,070,001.91 | 33.88% | 126,456,715.61 | 34.70% | -3.47% | | | Optical Materials | 5,429,848.43 | 1.51% | 7,823,080.75 | 2.15% | -30.59% | | | Grating Sensors | 85,118,747.23 | 23.62% | 83,621,751.55 | 22.95% | 1.79% | | | Precision Casting | 5,923,014.48 | 1.64% | 3,258,721.74 | 0.89% | 81.76% | | | Composite Materials | 141,791,546.84 | 39.35% | 143,251,837.91 | 39.31% | -1.02% | | **By Region** | Domestic | 360,333,158.89 | 100.00% | 364,412,107.56 | 100.00% | -1.12% | - There were no significant changes in the company's profit structure or sources of profit during the reporting period[38](index=38&type=chunk) [IV. Analysis of Non-Principal Business Operations](index=15&type=section&id=IV.%20Analysis%20of%20Non-Principal%20Business%20Operations) The company's non-principal business income was mainly derived from sustainable investment income and government grants Breakdown of Non-Principal Business Operations | Item | Amount (Yuan) | % of Total Profit | Reason | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 19,972,524.14 | 34.30% | Primarily investment income from associates accounted for using the equity method | Yes | | Other Income | 9,753,392.82 | 16.75% | | | | Credit Impairment Loss | -11,122,243.35 | -19.10% | | | [V. Analysis of Assets and Liabilities](index=15&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets and net assets attributable to shareholders grew, with a notable increase in the proportion of accounts receivable and short-term borrowings Significant Changes in Asset Composition (End of Current Period vs End of Previous Year) | Item | End of Current Period Amount (Yuan) | % of Total Assets | End of Previous Year Amount (Yuan) | % of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 178,693,475.10 | 7.29% | 227,397,537.50 | 10.05% | -2.76% | | Accounts Receivable | 576,775,256.11 | 23.52% | 413,772,258.72 | 18.30% | 5.22% | | Inventory | 363,041,524.44 | 14.81% | 361,473,213.84 | 15.98% | -1.17% | | Long-term Equity Investments | 371,231,164.75 | 15.14% | 344,824,972.74 | 15.25% | -0.11% | | Fixed Assets | 300,435,120.76 | 12.25% | 307,938,520.72 | 13.62% | -1.37% | | Construction in Progress | 11,585,743.53 | 0.47% | 2,545,989.46 | 0.11% | 0.36% | | Short-term Borrowings | 201,505,076.31 | 8.22% | 106,685,746.75 | 4.72% | 3.50% | | Contract Liabilities | 95,349,778.53 | 3.89% | 14,792,601.79 | 0.65% | 3.24% | | Long-term Borrowings | 173,726,033.09 | 7.09% | 125,751,437.05 | 5.56% | 1.53% | - The company had no major overseas assets, nor were there any significant changes in assets and liabilities measured at fair value during the reporting period[47](index=47&type=chunk) - As of the end of the reporting period, there were no restricted assets[47](index=47&type=chunk) [VI. Investment Status Analysis](index=16&type=section&id=VI.%20Investment%20Status%20Analysis) The company's investment amount increased by 200% year-on-year, primarily due to equity investments in subsidiaries Investment Amount for the Reporting Period | Indicator | Amount (Yuan) | | :--- | :--- | | Investment Amount for the Reporting Period | 93,840,000.00 | | Investment Amount for the Same Period Last Year | 31,280,000.00 | | Change | 200.00% | - The company did not acquire significant equity investments, nor were there any ongoing significant non-equity investments during the reporting period[48](index=48&type=chunk) - The company had no securities investments, derivative investments, or use of raised funds during the reporting period[49](index=49&type=chunk)[50](index=50&type=chunk)[51](index=51&type=chunk) [VII. Sale of Major Assets and Equity](index=17&type=section&id=VII.%20Sale%20of%20Major%20Assets%20and%20Equity) The company did not sell any major assets or equity during the reporting period - The company did not sell any major assets during the reporting period[52](index=52&type=chunk) - The company did not sell any major equity during the reporting period[53](index=53&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 subsidiaries, Changchun Yuheng Optics and Changguang Aerospace, contributed significantly to revenue and profit, while associate Gpixel also showed strong profitability Major Subsidiaries and Associates with over 10% Impact on Net Profit | Company Name | Type | Main Business | Registered Capital (Yuan) | Total Assets (Yuan) | Net Assets (Yuan) | Operating Revenue (Yuan) | Operating Profit (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Changchun Yuheng Optics Co, Ltd | Subsidiary | Production, R&D, sales of optical encoders, optical instruments, gratings, CNC machine tools, etc | 14,689,375 | 396,949,665.21 | 340,085,555.38 | 85,118,747.23 | 794,598.17 | 762,469.14 | | Changchun Changguang Aerospace Composite Material Co, Ltd | Subsidiary | R&D, production, sales of composite materials, fiber composite products, resin materials, metal materials, etc | 36,000,000 | 536,475,624.98 | 389,856,304.20 | 141,791,546.84 | 47,991,406.44 | 41,633,063.35 | | Gpixel Inc | Associate | R&D, production, sales of optoelectronic chips, sensors, instruments, related platforms, and software | 370,000,000 | 1,703,204,686.00 | 1,324,625,686.00 | 359,455,231.76 | 94,506,270.14 | 84,068,323.85 | - The company did not acquire or dispose of any subsidiaries during the reporting period[55](index=55&type=chunk) [IX. Structured Entities Controlled by the Company](index=18&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[56](index=56&type=chunk) [X. Risks and Countermeasures](index=18&type=section&id=X.%20Risks%20and%20Countermeasures) The company faces policy, market, and talent retention risks, which it addresses by optimizing its product mix, accelerating project output, and implementing proactive talent policies - The company faces **policy and market risks** that could lead to performance or project returns falling short of expectations[56](index=56&type=chunk) - Countermeasures include optimizing the product structure, accelerating project output, expanding technology and product applications, and intensifying market development efforts[56](index=56&type=chunk) - The company faces a **talent drain risk**, which could make it difficult to find suitable replacements in the short term[56](index=56&type=chunk) - Countermeasures include implementing proactive talent policies, identifying key personnel through assessments and training, retaining talent with reasonable incentive mechanisms, and increasing efforts to attract external talent[57](index=57&type=chunk) [XI. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=19&type=section&id=XI.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company has not formulated a market value management system or disclosed a valuation enhancement plan - The company has not formulated a market value management system[58](index=58&type=chunk) - The company has not disclosed a valuation enhancement plan[58](index=58&type=chunk) [XII. Implementation of the "Dual Improvement of Quality and Return" Action Plan](index=19&type=section&id=XII.%20Implementation%20of%20the%20%22Dual%20Improvement%20of%20Quality%20and%20Return%22%20Action%20Plan) The company has not disclosed an announcement regarding the "Dual Improvement of Quality and Return" action plan - The company has not disclosed an announcement regarding the "Dual Improvement of Quality and Return" action plan[58](index=58&type=chunk) [Corporate Governance, Environment, and Society](index=19&type=section&id=Section%204%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) [I. Changes in Directors, Supervisors, and Senior Management](index=19&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, Deputy General Manager Zhang Qiang was dismissed due to a work transfer, and Supervisor Liu Shuang resigned for personal reasons Changes in Directors, Supervisors, and Senior Management | Name | Position | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Zhang Qiang | Deputy General Manager | Dismissed | 2025-04-02 | Work transfer | | Liu Shuang | Supervisor | Resigned | 2025-05-14 | Personal reasons | | Wei Lin | Supervisor | Elected | 2025-05-14 | To ensure the normal operation of the Supervisory Committee | [II. Profit Distribution and Capitalization of Capital Reserve for the Reporting Period](index=19&type=section&id=II.%20Profit%20Distribution%20and%20Capitalization%20of%20Capital%20Reserve%20for%20the%20Reporting%20Period) The company plans no cash dividends, bonus shares, or capitalization of capital reserve for the semi-annual period - The company plans **no cash dividends, no bonus shares, and no capitalization of public reserves** for the semi-annual period[60](index=60&type=chunk) [III. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=19&type=section&id=III.%20Implementation%20of%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 and their implementation during the reporting period[61](index=61&type=chunk) [IV. Environmental Information Disclosure](index=19&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company and its main subsidiary are included in the list of enterprises required to disclose environmental information and have done so in the 2024 annual report - The company and its main subsidiary are included in the list of enterprises required to disclose environmental information, totaling 1 entity[62](index=62&type=chunk) - The company has disclosed environmental information in its "2024 Annual Report" on Cninfo[62](index=62&type=chunk) [V. Social Responsibility](index=20&type=section&id=V.%20Social%20Responsibility) The company actively fulfills its social responsibilities through environmental governance, technological innovation, employee care, and contributions to local industry development - The company has established a soil pollution risk investigation system, ensures wastewater compliance, and invested approximately **500,000 Yuan** in environmental protection and energy conservation[63](index=63&type=chunk) - The company undertakes multiple national and provincial R&D projects to tackle "bottleneck" technologies, achieving domestic substitution for products like low-light imaging and grating sensors[63](index=63&type=chunk) - The company boasts a high-quality talent team, provides relatively high per capita income, and has paid a cumulative **339 million Yuan** in dividends to shareholders since its listing[64](index=64&type=chunk) - The company strengthens the local optoelectronics industry in Changchun by acquiring and investing in upstream and downstream businesses and developing industrial parks and testing platforms[64](index=64&type=chunk) [Significant Matters](index=21&type=section&id=Section%205%20Significant%20Matters) [I. Commitments Fulfilled during the Reporting Period and Overdue Commitments at the End of the Reporting Period by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and the Company Itself](index=21&type=section&id=I.%20Commitments%20Fulfilled%20during%20the%20Reporting%20Period%20and%20Overdue%20Commitments%20at%20the%20End%20of%20the%20Reporting%20Period%20by%20the%20Company's%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20Itself) There were no commitments fulfilled or overdue by the company or its related parties during the reporting period - The company had no fulfilled or overdue commitments from related parties during the reporting period[66](index=66&type=chunk) [II. Non-operating Fund Occupation by Controlling Shareholders and Other Related Parties](index=21&type=section&id=II.%20Non-operating%20Fund%20Occupation%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties) There was no non-operating fund occupation by controlling shareholders or other related parties during the reporting period - The company had no non-operating fund occupation by its controlling shareholder and other related parties during the reporting period[67](index=67&type=chunk) [III. Irregular External Guarantees](index=21&type=section&id=III.%20Irregular%20External%20Guarantees) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[68](index=68&type=chunk) [IV. Appointment and Dismissal of Accounting Firm](index=21&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firm) The company's semi-annual financial report has not been audited - The company's semi-annual report has not been audited[69](index=69&type=chunk) [V. Explanation by the Board of Directors and Supervisory Committee on the "Non-standard Audit Report" for the Reporting Period](index=21&type=section&id=V.%20Explanation%20by%20the%20Board%20of%20Directors%20and%20Supervisory%20Committee%20on%20the%20%22Non-standard%20Audit%20Report%22%20for%20the%20Reporting%20Period) This section is not applicable as there was no non-standard audit report for the reporting period - The company did not receive a non-standard audit report for the reporting period[70](index=70&type=chunk) [VI. Explanation by the Board of Directors on the "Non-standard Audit Report" of the Previous Year](index=21&type=section&id=VI.%20Explanation%20by%20the%20Board%20of%20Directors%20on%20the%20%22Non-standard%20Audit%20Report%22%20of%20the%20Previous%20Year) This section is not applicable as there was no non-standard audit report for the previous year - The company did not receive a non-standard audit report for the reporting period[70](index=70&type=chunk) [VII. Bankruptcy and Reorganization Matters](index=21&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) The company had no bankruptcy or reorganization matters during the reporting period - The company had no bankruptcy or reorganization matters during the reporting period[70](index=70&type=chunk) [VIII. Litigation Matters](index=21&type=section&id=VIII.%20Litigation%20Matters) The company had no significant litigation or arbitration matters during the reporting period - The company had no significant litigation or arbitration matters during the reporting period[71](index=71&type=chunk) - The company had no other litigation matters during the reporting period[71](index=71&type=chunk) [IX. Penalties and Rectifications](index=22&type=section&id=IX.%20Penalties%20and%20Rectifications) The company was not subject to any penalties or rectifications during the reporting period - The company was not subject to any penalties or rectifications during the reporting period[72](index=72&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholders, and Actual Controllers](index=22&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholders%2C%20and%20Actual%20Controllers) There were no issues concerning the integrity of the company, its controlling shareholders, or actual controllers during the reporting period - There were no issues concerning the integrity of the company, its controlling shareholders, or actual controllers during the reporting period[73](index=73&type=chunk) [XI. Significant Related-Party Transactions](index=22&type=section&id=XI.%20Significant%20Related-Party%20Transactions) The company engaged in routine related-party transactions, primarily involving sales and services to its parent institute, but had no other major related-party dealings Related-Party Transactions in the Ordinary Course of Business | Related Party | Transaction Type | Transaction Content | Pricing Principle | Transaction Price (10k Yuan) | % of Similar Transactions | Approved Transaction Limit (10k Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Changchun Institute of Optics, Fine Mechanics and Physics | Sales of goods, provision of R&D and processing services | Sales of goods, provision of development and processing services | Agreement price | 15,889.65 | 44.10% | 37,000 | | Changchun Institute of Optics, Fine Mechanics and Physics | Leasing | Lease of factory buildings | Agreement price | 176.895 | 100.00% | 353.79 | - The company had no related-party transactions involving the acquisition or sale of assets or equity during the reporting period[75](index=75&type=chunk) - The company had no non-operating related-party debt transactions, nor any dealings with related financial companies or holding financial companies during the reporting period[77](index=77&type=chunk)[79](index=79&type=chunk)[80](index=80&type=chunk) [XII. Significant Contracts and Their Performance](index=24&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) The company has ongoing lease agreements, outstanding wealth management products, and is performing a major contract for an optical system development - The company leases office and factory buildings from CIOMP for an annual rent of **3.5379 million Yuan** (including tax) under a term from January 1, 2024, to December 31, 2028[84](index=84&type=chunk) - The company leases 956 square meters of its R&D office building to Changchun Changguang Ruisight Optoelectronics Technology Co, Ltd for a fixed annual rent of **145,000 Yuan**[84](index=84&type=chunk) Wealth Management Activities | Type | Source of Funds | Amount Invested (10k Yuan) | Outstanding Balance (10k Yuan) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own funds | 12,000 | 6,000 | | Bank Wealth Management Products | Own funds | 4,460 | 1,880.46 | | Total | | 16,460 | 7,880.46 | - The company signed a major contract worth **297 million Yuan** for the development of an optical system and has completed several milestones as of the reporting period's end[87](index=87&type=chunk) - The company had no custody, contracting, or major guarantee situations during the reporting period[82](index=82&type=chunk)[83](index=83&type=chunk)[85](index=85&type=chunk) [XIII. Explanation of Other Significant Matters](index=26&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) There were no other significant matters to be explained during the reporting period - There were no other significant matters to be explained during the reporting period[89](index=89&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=26&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) There were no significant matters concerning the company's subsidiaries during the reporting period - There were no significant matters concerning the company's subsidiaries during the reporting period[90](index=90&type=chunk) [Share Capital Changes and Shareholder Information](index=27&type=section&id=Section%206%20Share%20Capital%20Changes%20and%20Shareholder%20Information) [I. Share Capital Changes](index=27&type=section&id=I.%20Share%20Capital%20Changes) The company's total number of shares and share capital structure remained unchanged during the reporting period Share Capital Changes | Item | Quantity before Change (shares) | Proportion before Change | Change (+, -) | Quantity after Change (shares) | Proportion after Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Shares with Selling Restrictions | 0 | 0.00% | 0 | 0 | 0.00% | | II. Shares without Selling Restrictions | 240,000,000 | 100.00% | 0 | 240,000,000 | 100.00% | | III. Total Shares | 240,000,000 | 100.00% | 0 | 240,000,000 | 100.00% | - There were no reasons for, approvals of, or transfers related to share changes during the reporting period[94](index=94&type=chunk) - There was no progress on share repurchases or the reduction of repurchased shares through centralized bidding[94](index=94&type=chunk) - The share changes had no impact on financial indicators such as basic and diluted earnings per share or net assets per share attributable to common shareholders[94](index=94&type=chunk) - There were no changes in restricted shares during the reporting period[94](index=94&type=chunk) [II. Securities Issuance and Listing](index=28&type=section&id=II.%20Securities%20Issuance%20and%20Listing) The company did not issue or list any securities during the reporting period - The company did not issue or list any securities during the reporting period[94](index=94&type=chunk) [III. Number of Shareholders and Shareholding Status](index=28&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Status) As of the end of the reporting period, the company had 40,380 common shareholders, with CIOMP being the largest shareholder at 42.40% - The total number of common shareholders at the end of the reporting period was **40,380**[95](index=95&type=chunk) Shareholdings of Shareholders with over 5% or Top 10 Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio | Shares Held at Period End (shares) | Change during Period (shares) | Number of Unrestricted Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Changchun Institute of Optics, Fine Mechanics and Physics | State-owned legal entity | 42.40% | 101,754,784 | 0 | 101,754,784 | | Guangdong Fenghua Advanced Technology (Holding) Co, Ltd | State-owned legal entity | 4.99% | 11,990,000 | 0 | 11,990,000 | | E Fund - Central Huijin Asset Management - E Fund - Huijin Asset Management Single Asset Management Plan | Other | 1.25% | 2,991,000 | 0 | 2,991,000 | | Bank of Communications - Yongying Semiconductor Industry Smart Selection Mixed Initiating Securities Investment Fund | Other | 1.21% | 2,900,000 | 2,900,000 | 2,900,000 | | Shen Haibin | Domestic individual | 1.01% | 2,432,539 | -504,336 | 2,432,539 | | Guotai Asset Management - Shanghai Bank - Guotai Fund Gewu No. 2 Collective Asset Management Plan | Other | 0.72% | 1,723,100 | 1,723,100 | 1,723,100 | | China Construction Bank - Guotai CSI Military Industry ETF | Other | 0.70% | 1,681,400 | 507,900 | 1,681,400 | | Zheng Wenbao | Domestic individual | 0.69% | 1,663,700 | -436,300 | 1,663,700 | | Industrial and Commercial Bank of China - Jinxin Stable Strategy Flexible Allocation Mixed Initiating Securities Investment Fund | Other | 0.66% | 1,590,000 | 1,590,000 | 1,590,000 | | China Merchants Bank - Southern CSI 1000 ETF | Other | 0.56% | 1,333,500 | 1,333,500 | 1,333,500 | - Shareholders Shen Haibin and Zheng Wenbao hold company shares through both regular securities accounts and credit trading collateral accounts[97](index=97&type=chunk) - Among the top 10 shareholders, there are no strategic investors or general legal entities that became shareholders through new share placements, nor are there any related parties or parties acting in concert[96](index=96&type=chunk)[97](index=97&type=chunk) [IV. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=31&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[99](index=99&type=chunk) [V. Changes in Controlling Shareholder or Actual Controller](index=31&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) There were no changes in the company's controlling shareholder or actual controller during the reporting period - The company's controlling shareholder did not change during the reporting period[100](index=100&type=chunk) - The company's actual controller did not change during the reporting period[100](index=100&type=chunk) [VI. Preferred Shares](index=32&type=section&id=VI.%20Preferred%20Shares) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[101](index=101&type=chunk) [Bond-related Matters](index=33&type=section&id=Section%207%20Bond-related%20Matters) [Bond-related Matters](index=33&type=section&id=Bond-related%20Matters) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[103](index=103&type=chunk) [Financial Report](index=34&type=section&id=Section%208%20Financial%20Report) [I. Audit Report](index=34&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report has not been audited - The company's semi-annual financial report has not been audited[105](index=105&type=chunk) [II. Financial Statements](index=34&type=section&id=II.%20Financial%20Statements) This section presents the company's consolidated and parent company financial statements for the first half of 2025 - The financial statements include the consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owner's equity[106](index=106&type=chunk)[109](index=109&type=chunk)[113](index=113&type=chunk)[117](index=117&type=chunk)[122](index=122&type=chunk)[125](index=125&type=chunk)[132](index=132&type=chunk) [1. Consolidated Balance Sheet](index=34&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's total consolidated assets were 2.45 billion Yuan, with total liabilities of 755.62 million Yuan Key Data from Consolidated Balance Sheet (Closing Balance) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 2,451,827,180.18 | | Total Current Assets | 1,354,646,376.14 | | Total Non-current Assets | 1,097,180,804.04 | | Total Liabilities | 755,617,202.95 | | Total Current Liabilities | 478,928,401.93 | | Total Non-current Liabilities | 276,688,801.02 | | Total Owners' Equity | 1,696,209,977.23 | | Total Equity Attributable to Parent Company Owners | 1,354,311,168.27 | | Minority Interest | 341,898,808.96 | [2. Parent Company Balance Sheet](index=36&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were 1.66 billion Yuan, with total liabilities of 545.30 million Yuan Key Data from Parent Company Balance Sheet (Closing Balance) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 1,658,600,717.03 | | Total Current Assets | 680,818,393.43 | | Total Non-current Assets | 977,782,323.60 | | Total Liabilities | 545,295,770.39 | | Total Current Liabilities | 340,188,464.17 | | Total Non-current Liabilities | 205,107,306.22 | | Total Owners' Equity | 1,113,304,946.64 | [3. Consolidated Income Statement](index=38&type=section&id=3.%20Consolidated%20Income%20Statement) For the first half of 2025, the company's consolidated total operating revenue was 360.33 million Yuan, with a net profit of 51.82 million Yuan Key Data from Consolidated Income Statement (Current Period) | Item | Amount (Yuan) | | :--- | :--- | | Total Operating Revenue | 360,333,158.89 | | Total Operating Costs | 320,692,758.83 | | Operating Profit | 58,244,073.67 | | Total Profit | 58,229,731.88 | | Net Profit | 51,822,375.80 | | Net Profit Attributable to Parent Company Shareholders | 30,841,550.84 | | Minority Interest Income | 20,980,824.96 | | Total Comprehensive Income | 56,008,346.74 | | Basic Earnings Per Share (Yuan/share) | 0.13 | | Diluted Earnings Per Share (Yuan/share) | 0.13 | [4. Parent Company Income Statement](index=41&type=section&id=4.%20Parent%20Company%20Income%20Statement) For the first half of 2025, the parent company's operating revenue was 127.50 million Yuan, with a net profit of 13.77 million Yuan Key Data from Parent Company Income Statement (Current Period) | Item | Amount (Yuan) | | :--- | :--- | | Operating Revenue | 127,499,850.34 | | Operating Profit | 13,802,852.90 | | Total Profit | 13,771,627.15 | | Net Profit | 13,771,627.15 | | Total Comprehensive Income | 17,957,598.09 | | Basic Earnings Per Share (Yuan/share) | 0.06 | | Diluted Earnings Per Share (Yuan/share) | 0.06 | [5. Consolidated Cash Flow Statement](index=42&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) For the first half of 2025, the company's net cash flow from operating activities was -34.55 million Yuan Key Data from Consolidated Cash Flow Statement (Current Period) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -34,551,506.10 | | Net Cash Flow from Investing Activities | -144,250,892.11 | | Net Cash Flow from Financing Activities | 130,098,335.81 | | Net Increase in Cash and Cash Equivalents | -48,704,062.40 | | Closing Balance of Cash and Cash Equivalents | 178,693,475.10 | [6. Parent Company Cash Flow Statement](index=43&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) For the first half of 2025, the parent company's net cash flow from operating activities was -14.29 million Yuan Key Data from Parent Company Cash Flow Statement (Current Period) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -14,292,429.93 | | Net Cash Flow from Investing Activities | -112,217,866.51 | | Net Cash Flow from Financing Activities | 110,999,770.89 | | Net Increase in Cash and Cash Equivalents | -15,510,525.55 | | Closing Balance of Cash and Cash Equivalents | 80,763,001.81 | [7. Consolidated Statement of Changes in Owners' Equity](index=44&type=section&id=7.%20Consolidated%20Statement%20of%20Changes%20in%20Owners'%20Equity) In the first half of 2025, consolidated total owners' equity increased by 45.13 million Yuan, driven by net profit and an increase in capital reserve Changes in Consolidated Owners' Equity (Current Period Change Amount) | Item | Share Capital (Yuan) | Capital Reserve (Yuan) | Other Comprehensive Income (Yuan) | Surplus Reserve (Yuan) | Undistributed Profit (Yuan) | Total Equity Attributable to Parent Company (Yuan) | Minority Interest (Yuan) | Total Owners' Equity (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Comprehensive Income | 0 | 0 | 4,185,970.94 | 0 | 30,841,550.84 | 35,027,521.78 | 20,980,824.96 | 56,008,346.74 | | Profit Distribution | 0 | 0 | 0 | 0 | -14,400,000.00 | -14,400,000.00 | -18,389,325.00 | -32,789,325.00 | | Other | 0 | 7,507,267.30 | 0 | 0 | 0 | 7,507,267.30 | 0 | 7,507,267.30 | | **Current Period Change Amount** | **0** | **7,507,267.30** | **4,185,970.94** | **0** | **16,441,550.84** | **28,134,789.08** | **2,591,499.96** | **45,126,289.04** | [8. Parent Company Statement of Changes in Owners' Equity](index=48&type=section&id=8.%20Parent%20Company%20Statement%20of%20Changes%20in%20Owners'%20Equity) In the first half of 2025, the parent company's total owners' equity increased by 11.06 million Yuan, mainly due to net profit and changes in capital reserve Changes in Parent Company Owners' Equity (Current Period Change Amount) | Item | Share Capital (Yuan) | Capital Reserve (Yuan) | Other Comprehensive Income (Yuan) | Surplus Reserve (Yuan) | Undistributed Profit (Yuan) | Total Owners' Equity (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Comprehensive Income | 0 | 0 | 4,185,970.94 | 0 | 13,771,627.15 | 17,957,598.09 | | Profit Distribution | 0 | 0 | 0 | 0 | -14,400,000.00 | -14,400,000.00 | | Other | 0 | 7,507,267.30 | 0 | 0 | 0 | 7,507,267.30 | | **Current Period Change Amount** | **0** | **7,507,267.30** | **4,185,970.94** | **0** | **-628,372.85** | **11,064,865.39** | [III. Company's Basic Information](index=52&type=section&id=III.%20Company's%20Basic%20Information) Changchun UP Optotech Co, Ltd, established in 2001 and listed in 2010, specializes in the R&D, manufacturing, and sales of precision opto-mechatronic instruments - The company was established on June 26, 2001, and listed on the Shenzhen Stock Exchange in January 2010, operating in the instrument and meter industry[139](index=139&type=chunk) - As of June 30, 2025, the company has a total issued share capital of **240 million shares** and a registered capital of **240 million Yuan**[140](index=140&type=chunk) - Main business activities include the research, development, manufacturing, sales, and technical services of precision opto-mechatronic instruments, optical materials, and medical devices[140](index=140&type=chunk) - The company's parent company is the Changchun Institute of Optics, Fine Mechanics and Physics (CIOMP)[140](index=140&type=chunk) [IV. Basis of Preparation of Financial Statements](index=52&type=section&id=IV.%20Basis%20of%20Preparation%20of%20Financial%20Statements) The company's financial statements are prepared in accordance with the Enterprise Accounting Standards and on a going concern basis - The financial statements are prepared in accordance with the "Enterprise Accounting Standards" issued by the Ministry of Finance and the CSRC's "Information Disclosure and Compilation Rules for Companies Offering Securities to the Public No 15 - General Provisions on Financial Reports"[141](index=141&type=chunk) - The financial statements are prepared on a going concern basis[142](index=142&type=chunk) [V. Significant Accounting Policies and Estimates](index=52&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's significant accounting policies and estimates, covering areas such as revenue recognition, financial instruments, and fixed assets - The company's financial statements comply with the requirements of the Enterprise Accounting Standards, truly and completely reflecting its financial position, operating results, and cash flows[143](index=143&type=chunk) - The company's accounting period is the calendar year from January 1 to December 31, with an operating cycle of 12 months and RMB as the functional currency[144](index=144&type=chunk)[145](index=145&type=chunk)[146](index=146&type=chunk) - Materiality standards are applied to items such as individually assessed bad debt provisions, write-offs of receivables, significant non-wholly-owned subsidiaries, and significant commitments[147](index=147&type=chunk) - Financial instruments are classified as financial assets and liabilities measured at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss[159](index=159&type=chunk)[160](index=160&type=chunk) - The company applies an **expected credit loss (ECL)** model for impairment of financial assets measured at amortized cost, debt instruments at FVTOCI, and financial guarantee contracts[167](index=167&type=chunk) - Revenue is recognized when the customer obtains control of the related goods or services, fulfilling the performance obligations in the contract[217](index=217&type=chunk) [VI. Taxes](index=77&type=section&id=VI.%20Taxes) The company is subject to various taxes, including VAT and corporate income tax, and benefits from preferential tax rates for high-tech and small/micro enterprises Main Taxes and Tax Rates | Tax Type | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | The balance of output tax after deducting input tax on sales of goods and taxable services | 13% | | Urban Maintenance and Construction Tax | Amount of turnover tax payable | 7% | | Corporate Income Tax | Taxable income | 15%, 25%, 5% | | Education Surcharge | Amount of turnover tax payable | 3% | | Local Education Surcharge | Amount of turnover tax payable | 2% | | Property Tax | 70% of the original value of the property, rental income | 1.2%, 12% | - The company and its subsidiaries Changchun Yuheng Optics and Changguang Aerospace are qualified as high-tech enterprises and are subject to a preferential corporate income tax rate of **15%** from 2023 to 2025[241](index=241&type=chunk)[242](index=242&type=chunk) - Certain subsidiaries are classified as small/micro enterprises and enjoy a preferential income tax rate of **5%**[242](index=242&type=chunk) - Certain contract products are exempt from VAT[241](index=241&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=78&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed disclosures on the balances and movements of items in the consolidated financial statements, including assets, liabilities, and income - The closing balance of cash and cash equivalents was **178.7 million Yuan**, primarily consisting of bank deposits[244](index=244&type=chunk) - The closing balance of trading financial assets was **38.8 million Yuan**, mainly comprising structured deposits[244](index=244&type=chunk) - The closing balance of accounts receivable was **576.8 million Yuan**, with the majority aged within one year[258](index=258&type=chunk)[259](index=259&type=chunk) - The closing balance of short-term borrowings was **201.5 million Yuan**, all of which were credit loans[404](index=404&type=chunk) - Operating revenue and costs were mainly from principal business activities, with revenue of **360.3 million Yuan** and costs of **228.9 million Yuan** for the period[460](index=460&type=chunk) - Net cash flow from operating activities was **-34.6 million Yuan**, primarily influenced by an increase in sales collections[490](index=490&type=chunk) [VIII. R&D Expenditures](index=126&type=section&id=VIII.%20R&D%20Expenditures) The company had no capitalized R&D projects or significant externally purchased ongoing R&D projects during the reporting period - The company had no R&D projects that met the criteria for capitalization during the reporting period[504](index=504&type=chunk) - The company had no significant externally purchased ongoing R&D projects during the reporting period[506](index=506&type=chunk) [IX. Changes in the Scope of Consolidation](index=127&type=section&id=IX.%20Changes%20in%20the%20Scope%20of%20Consolidation) The scope of consolidation changed due to the establishment of a new subsidiary, Changchun Changguang High-Performance Materials Co, Ltd - On January 17, 2025, subsidiary Changguang Aerospace, along with individual investors, established Changchun Changguang High-Performance Materials Co, Ltd, which was included in the consolidation scope as Changguang Aerospace holds a 50% stake and controls the board[515](index=515&type=chunk)[517](index=517&type=chunk) - The company had no business combinations not under common control, business combinations under common control, reverse acquisitions, or disposals of subsidiaries that led to changes in the consolidation scope[507](index=507&type=chunk)[511](index=511&type=chunk)[514](index=514&type=chunk) [X. Interests in Other Entities](index=130&type=section&id=X.%20Interests%20in%20Other%20Entities) This section discloses the company's interests in its subsidiaries, joint ventures, and associates, including significant non-wholly-owned subsidiaries - The company has several holding subsidiaries, including Changchun Yuheng Optics Co, Ltd and Changchun Changguang Aerospace Composite Material Co, Ltd[516](index=516&type=chunk) - Changchun Yuheng Optics and Changguang Aerospace are significant non-wholly-owned subsidiaries, with minority shareholdings of **45.26%** and **48.89%**, respectively[518](index=518&type=chunk) - The company holds a **25.56%** stake in associate Gpixel Inc, which is accounted for using the equity method[523](index=523&type=chunk) - The company had no significant joint ventures or joint operations during the reporting period[524](index=524&type=chunk)[530](index=530&type=chunk) [XI. Government Grants](index=135&type=section&id=XI.%20Government%20Grants) The company's government grant-related liabilities primarily consist of deferred income, with a closing balance of 59.4 million Yuan Government Grant-related Liabilities | Account | Opening Balance (Yuan) | New Grants (Yuan) | Amount in Non-operating Income (Yuan) | Amount in Other Income (Yuan) | Closing Balance (Yuan) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 60,300,136.78 | 8,127,083.52 | 0 | 9,032,474.45 | 59,394,745.85 | Asset/Income | | Total | 60,300,136.78 | 8,127,083.52 | 0 | 9,032,474.45 | 59,394,745.85 | | Government Grants Included in Current Profit or Loss | Account | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Other Income | 8,032,474.45 | 10,637,388.05 | - The company did not receive the expected amount of government grants at the anticipated time[531](index=531&type=chunk) [XII. Risks Related to Financial Instruments](index=135&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company manages credit, liquidity, and market risks through diversified investments, customer credit assessments, and cash flow monitoring - The company is exposed to **credit risk, liquidity risk, and market risk** (including currency risk, interest rate risk, and other price risks)[534](index=534&type=chunk) - Credit risk is managed through diversified investments, customer credit assessments, and regular monitoring of customer credit records[535](index=535&type=chunk)[536](index=536&type=chunk) - Liquidity risk is managed by monitoring cash balances, marketable securities, and forecasting future cash flows[537](index=537&type=chunk) - The company believes that changes in interest rates and exchange rates will not have a significant impact on its future total profit and shareholders' equity[539](index=539&type=chunk)[541](index=541&type=chunk) - The company did not engage in hedging activities for risk management or apply hedge accounting during the reporting period[542](index=542&type=chunk)[543](index=543&type=chunk) [XIII. Disclosure of Fair Value](index=137&type=section&id=XIII.%20Disclosure%20of%20Fair%20Value) The company had no assets or liabilities measured at fair value on a recurring or non-recurring basis at the end of the reporting period - At the end of the reporting period, the company had no recurring or non-recurring Level 1, Level 2, or Level 3 fair value measurement items[544](index=544&type=chunk) - The company did not change its valuation techniques[545](index=545&type=chunk) [XIV. Related Parties and Related-Party Transactions](index=138&type=section&id=XIV.%20Related%20Parties%20and%20Related-Party%20Transactions) The company's parent is CIOMP, and it engages in routine transactions such as sales, services, and leasing with related parties - The company's parent is the Changchun Institute of Optics, Fine Mechanics and Physics, which holds a **42.40%** equity and voting rights ratio[545](index=545&type=chunk) - The company has associates like Gpixel Inc and other related parties such as Guangdong Fenghua Advanced Technology and Changchun Keyu Property Management[547](index=547&type=chunk)[548](index=548&type=chunk) Related-Party Transactions for Goods and Services | Related Party | Transaction Content | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | :--- | | Changchun Institute of Optics, Fine Mechanics and Physics | Sales of products, provision of R&D or processing services | 158,896,464.93 | 189,499,539.82 | | Changchun Changguang Jingci Composite Materials Co, Ltd | Processing fees | 1,831,858.40 | 0.00 | | Changchun New Industries Optoelectronics Tech Co, Ltd | Purchase of optoelectronic devices | 623,893.81 | 0.00 | - The company leases office buildings and factory premises from CIOMP for an annual rent of **3.5379 million Yuan** (including tax)[558](index=558&type=chunk) - The company has outstanding balances with related parties, including accounts receivable, prepayments, other receivables, accounts payable, contract liabilities, and lease liabilities[567](index=567&type=chunk)[568](index=568&type=chunk) [XV. Share-based Payment](index=143&type=section&id=XV.%20Share-based%20Payment) The company had no share-based payment arrangements during the reporting period - The company had no overall share-based payment situation during the reporting period[569](index=569&type=chunk) - The company had no equity-settled share-based payment arrangements during the reporting period[569](index=569&type=chunk) - The company had no cash-settled share-based payment arrangements during the reporting period[569](index=569&type=chunk) - The company incurred no share-based payment expenses during the reporting period[569](index=569&type=chunk) [XVI. Commitments and Contingencies](index=143&type=section&id=XVI.%20Commitments%20and%20Contingencies) The company had no significant commitments or material contingencies to disclose at the end of the reporting period - The company had no significant commitments at the end of the reporting period[569](index=569&type=chunk) - The company has no material contingencies that require disclosure[569](index=569&type=chunk) [XVII. Post-Balance Sheet Events](index=143&type=section&id=XVII.%20Post-Balance%20Sheet%20Events) The company had no significant post-balance sheet events to report - The company had no significant non-adjusting events during the reporting period[571](index=571&type=chunk) - The company had no profit distribution plans during the reporting period[573](index=573&type=chunk) - The company had no sales returns during the reporting period[573](index=573&type=chunk) [XVIII. Other Significant Matters](index=144&type=section&id=XVIII.%20Other%20Significant%20Matters) The company had no other significant matters such as prior period error corrections, debt restructuring, or discontinued operations to report - The company had no prior period accounting error corrections during the reporting period[574](index=574&type=chunk) - The company had no debt restructuring, asset swaps, annuity plans, or discontinued operations during the reporting period[576](index=576&type=chunk)[577](index=577&type=chunk)[578](index=578&type=chunk) - The company has no reportable segments[580](index=580&type=chunk) [XIX. Notes to Key Items in the Parent Company's Financial Statements](index=145&type=section&id=XIX.%20Notes%20to%20Key%20Items%20in%20the%20Parent%20Company's%20Financial%20Statements) This section provides detailed disclosures on key items in the parent company's financial statements, including receivables, long-term equity investments, and revenue - The parent company's accounts receivable had a closing balance of **238.3 million Yuan**, with the majority aged within one year[583](index=583&type=chunk)[588](index=588&type=chunk) - The parent company's other receivables had a closing balance of **9.1 million Yuan**, mainly comprising petty cash, unrecoverable prepayments, and deposits[595](index=595&type=chunk)[609](index=609&type=chunk) - The parent company's long-term equity investments had a closing book value of **798.2 million Yuan**, including investments in subsidiaries and associates[625](index=625&type=chunk) - The parent company's operating revenue for the period was **127.5 million Yuan**, and operating costs were **96.5 million Yuan**, primarily from its main business[631](index=631&type=chunk) - The parent company's investment income for the period was **24.5 million Yuan**, mainly from long-term equity investments accounted for using the equity and cost methods[636](index=636&type=chunk) [XX. Supplementary Information](index=156&type=section&id=XX.%20Supplementary%20Information) This section provides a detailed breakdown of non-recurring profit and loss items and calculates the return on equity and earnings per share Detailed Statement of Non-recurring Profit and Loss for the Current Period | Item | Amount (Yuan) | | :--- | :--- | | Government grants included in current profit or loss (excluding those with continuous impact) | 9,753,392.82 | | Other non-operating income and expenses | -14,341.79 | | Less: Income tax effect | 1,460,857.65 | | Minority interest effect (after tax) | 3,469,162.55 | | Total | 4,809,030.83 | Return on Equity and Earnings Per Share | Profit for the Reporting Period | Weighted Average Return on Equity | Basic Earnings Per Share (Yuan/share) | Diluted Earnings Per Share (Yuan/share) | | :--- | :--- | :--- | :--- | | Net profit attributable to common shareholders | 2.30% | 0.13 | 0.13 | | Net profit attributable to common shareholders after deducting non-recurring profit and loss | 1.94% | 0.15 | 0.15 | - The company has no discrepancies in net profit or net assets between financial reports disclosed under International Accounting Standards or foreign accounting standards and those under Chinese Accounting Standards[639](index=639&type=chunk) [Other Submitted Data](index=158&type=section&id=Section%209%20Other%20Submitted%20Data) [I. Other Significant Social Security Issues](index=158&type=section&id=I.%20Other%20Significant%20Social%20Security%20Issues) The company and its subsidiaries had no other significant social security issues or administrative penalties during the reporting period - The company and its subsidiaries had no other significant social security issues during the reporting period[642](index=642&type=chunk) - The company was not subject to any administrative penalties during the reporting period[642](index=642&type=chunk) [II. Registration Form for Investor Relations Activities such as Research, Communication, and Interviews during the Reporting Period](index=158&type=section&id=II.%20Registration%20Form%20for%20Investor%20Relations%20Activities%20such%20as%20Research%2C%20Communication%2C%20and%20Interviews%20during%20the%20Reporting%20Period) The company engaged with investors online to discuss its operations and future plans, with all relevant information disclosed on Cninfo - The company hosted institutional and individual investors via online platforms on **April 25, May 16, and May 27, 2025**[642](index=642&type=chunk) - Key topics included the company's operating status, future plans, and performance, with no materials provided during the sessions[642](index=642&type=chunk) - Information regarding these investor relations activities has been disclosed in investor relations management announcements on Cninfo[642](index=642&type=chunk) [III. Fund Transactions between the Listed Company and its Controlling Shareholder and Other Related Parties](index=158&type=section&id=III.%20Fund%20Transactions%20between%20the%20Listed%20Company%20and%20its%20Controlling%20Shareholder%20and%20Other%20Related%20Parties) There were no fund transactions between the company and its controlling shareholder or other related parties during the reporting period - The company had no fund transactions with its controlling shareholder or other related parties during the reporting period[643](index=643&type=chunk)

上市公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：长春奥普光电技术股份有限公司 单位：万元 | | 资金占用方名称 | 占用方与上市 公司的关联关 | 上市公司核算 | 2025 年期初 | 2025 年半年度占 | 2025 年半年度 | 2025 年半年度 | 2025年6月末占 | 占用形成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | | | 的会计科目 | 占用资金余额 | 用累计发生金额 | 占用资金的利 | 偿还累计发生 | 用资金余额 | 原因 | | | | | 系 | | | （不含利息） | 息（如有） | 金额 | | | | | 控股股东、实际控制 人及其附属企业 | | | | | | | | | | 非经营性占用 | | 小计 | - | - | - | | | | | | | - | | 前控股股东、实际控 制人及其附属企业 | | | | | | | | | | 非经营性占用 | | 小计 | - | - | ...

长春奥普光电技术股份有限公司 2025 年半年度财务报告 长春奥普光电技术股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 长春奥普光电技术股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：长春奥普光电技术股份有限公司 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 178,693,475.10 | 227,397,537.50 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 38,807,831.05 | 10,000,682.86 | | 衍生金融资产 | | | | 应收票据 | 66,485,578.88 | 84,183,524.16 | | 应收账款 | 576,775,256.11 | 413,772,258.72 | | 应收款项融资 | 6,880,875.00 | 11,363,362.49 | | 预付款项 ...

Company Overview - Changchun Optoelectronics Technology Co., Ltd. was established on June 26, 2001, and listed on January 15, 2010. The company is located in Changchun Economic and Technological Development Zone, Jilin Province. Its main business includes the research, production, and sales of optoelectronic measurement and control instruments, new medical instruments, optical materials, and grating encoders [2]. Business Performance - For the first quarter of 2025, the company achieved operating revenue of 166 million yuan, a year-on-year decrease of 3.63%. The net profit attributable to the parent company was 13.81 million yuan, down 19.31% year-on-year [2]. - The company's main business revenue composition is as follows: composite materials 39.66%, optoelectronic measurement instruments 35.21%, grating sensors 22.44%, optical materials 1.85%, and others 0.84% [2]. Stock Performance - As of August 22, the stock price of Optoelectronics rose by 2.05% to 57.19 yuan per share, with a total market capitalization of 13.726 billion yuan. The stock has increased by 51.86% year-to-date, with a 7.91% rise in the last five trading days, 16.36% in the last 20 days, and 31.83% in the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on May 13, where it recorded a net buy of -115 million yuan [1]. Shareholder Information - As of March 31, 2025, the number of shareholders increased by 29.80% to 53,800, with an average of 4,464 circulating shares per person, a decrease of 22.96% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Guotai CSI Military Industry ETF, with respective holdings of 1.4132 million shares and 1.4014 million shares, both showing increases compared to the previous period [3]. Dividend Information - Since its A-share listing, the company has distributed a total of 339 million yuan in dividends, with 25.2 million yuan distributed over the past three years [3].

Core Viewpoint - The company, Aopu Optoelectronics, has confirmed that its optical precision machinery and optical materials can be utilized for underwater exploration and marine resource surveying through its newly developed low-light imaging products [2]. Group 1 - The company is recognized as a leading domestic enterprise in the research and production of optical precision machinery and optical materials [2]. - Aopu Optoelectronics has successfully validated multiple low-light imaging products in fields such as night vision and underwater imaging [2]. - The company's products are applicable for underwater detection, indicating potential expansion into marine resource exploration [2].

证券日报网讯奥普光电（002338）8月19日在互动平台回答投资者提问时表示，公司在半导体设备测试 中暂未导入微晶玻璃-碳化硅复合基材。 ...