Financial Performance - The company reported a total revenue of 870 million yuan for the first half of 2025, an increase of 6.96% year-on-year [1] - The net profit attributable to shareholders was -78.39 million yuan, showing an improvement of 9.37% compared to the previous year [1] - In Q2 2025, total revenue reached 444 million yuan, up 13.17% year-on-year, while the net profit attributable to shareholders was -46.24 million yuan, a decline of 14.38% [1] Key Financial Ratios - Gross margin improved to 4.58%, a significant increase of 383.23% year-on-year [1] - Net margin was -9.4%, reflecting a year-on-year improvement of 12.71% [1] - The ratio of selling, general, and administrative expenses to revenue decreased to 11.43%, down 3.49% year-on-year [1] Balance Sheet Highlights - The current ratio stood at 0.78, indicating increased short-term debt pressure [1] - Cash and cash equivalents decreased by 13.25% to 358 million yuan [1] - Accounts receivable surged by 133.49% to 498 million yuan [1] - Interest-bearing liabilities rose by 155.35% to 386 million yuan [1] Cash Flow Analysis - Operating cash flow per share was 0.05 yuan, down 64.73% year-on-year [1] - The net cash flow from investing activities decreased by 148.11%, attributed to fewer proceeds from asset disposals [6] - The net cash flow from financing activities fell by 63.84%, primarily due to higher repayments of factoring financing [7] Cost Structure - Sales expenses increased by 244.89%, driven by higher e-commerce platform service fees, advertising, and storage costs [4] - R&D expenses decreased by 39.73%, indicating a reduction in investment in research and development [5] Historical Performance - The company has recorded a median ROIC of -4.39% over the past decade, with a particularly poor performance in 2020, where ROIC was -26.76% [8] - The company has reported losses in 7 out of the 14 annual reports since its listing, suggesting a generally weak financial history [8]

根据统计，卓翼科技2025年7月10日至2025年7月18日，主力资金净流出4740.85万元，游资资金净流出 1403.7万元，散户资金净流入6144.54万元。 证券之星消息，近日卓翼科技披露，截至2025年7月18日公司股东户数为12.89万户，较7月10日增加94.0 户，增幅为0.07%。户均持股数量由上期的4401.0股减少至4397.0股，户均持股市值为3.94万元。 在消费电子行业个股中，卓翼科技股东户数高于行业平均水平，截至7月18日，消费电子行业平均股东 户数为5.28万户。户均持股市值方面，消费电子行业A股上市公司户均持股市值为39.36万元，卓翼科技 低于行业平均水平。 从股价来看，2025年7月10日至2025年7月18日，卓翼科技区间涨幅为1.01%，在此期间股东户数增加 94.0户，增幅为0.07%。 | 统计截止日 | 区间股价涨跌幅 | 股东户数 | 増減 | 增减比例 | 户均持股市值(元) | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | --- | | 2025-07-18 | 1.01% | 128931 | 94 ...

Core Viewpoint - Zhuoyue Technology (002369.SZ) reported a revenue of 870 million yuan for the first half of the year, reflecting a year-on-year growth of 6.96%, despite still facing losses in net profit [2] Financial Performance - The net profit attributable to shareholders increased by 9.37% year-on-year, while the net profit after deducting non-recurring items grew by 14.60% [2] - The portable consumer electronics segment showed strong performance with sales reaching 341 million yuan, a year-on-year increase of 22.95%, and a gross margin rise of 14.66% [2] - Overseas sales revenue grew by 18.58%, with an overseas business gross margin of 30.27%, up 40.61% year-on-year [2] Business Strategy - The company is focusing on new customer development and high-value product applications to strengthen its market foundation for long-term growth [2] - Core customer projects, such as the Wi-Fi 7 initiative, are yielding mass production orders, and the promotion of domestic Wi-Fi solutions is progressing steadily [2] - Zhuoyue Technology is expanding its collaboration with leading domestic clients while also targeting niche market leaders and internet clients, alongside developing cross-border e-commerce to enhance brand influence and market reach [2] Research and Development - The company emphasizes R&D and technological innovation, particularly in the 5G+AIoT sector, having successfully developed and mass-produced multiple Wi-Fi 7 and 5G wireless communication products [3] - As of the end of the reporting period, Zhuoyue Technology holds 187 authorized patents, including 49 invention patents, 68 utility model patents, and 70 design patents [3] - Future plans include a market-oriented approach to R&D, focusing on key technological breakthroughs and high-quality product development, while enhancing operational efficiency through lean operations and digital management [3]

Core Viewpoint - Zhuoyue Technology (002369.SZ) reported a revenue of 870 million yuan for the first half of the year, reflecting a year-on-year growth of 6.96%, despite still incurring losses. However, the net profit attributable to shareholders increased by 9.37% year-on-year, and the net profit after deducting non-recurring items grew by 14.60% [1] Group 1: Financial Performance - The sales of portable consumer electronics reached 341 million yuan, showing a year-on-year increase of 22.95%, with a gross margin rise of 14.66% [1] - Overseas sales revenue grew by 18.58%, with an overseas business gross margin of 30.27%, up by 40.61% year-on-year [1] Group 2: Business Strategy and Development - The company is focusing on new customer development and the application of new products, aiming to increase the proportion of high-value-added products for long-term market foundation [1] - Zhuoyue Technology is actively expanding its international market presence and enhancing brand influence through cross-border e-commerce initiatives [1] Group 3: Research and Innovation - The company emphasizes R&D and technological innovation, particularly in the 5G+AIoT sector, having developed and mass-produced multiple Wi-Fi 7 and 5G wireless communication products [2] - As of the end of the reporting period, Zhuoyue Technology holds 187 authorized patents, including 49 invention patents, 68 utility model patents, and 70 design patents [2] - The company plans to continue focusing on market-driven R&D innovation, aiming for breakthroughs in key technologies and high-quality product development [2]

Group 1 - The core viewpoint of the article is that Zhuoyue Technology (002369.SZ) reported a revenue increase of 6.96% year-on-year, reaching 870 million yuan, while the net profit attributable to shareholders was a loss of 78.386 million yuan, which represents a 9.37% year-on-year improvement [1] - The increase in revenue is primarily attributed to the rise in income from consumer electronics products [1] - The rise in operating costs is mainly due to the increase in revenue [1] Group 2 - The improvement in net profit is mainly due to measures such as resource integration, enhanced capacity utilization, and strengthened cost control, which led to a significant increase in gross profit margin compared to the same period last year [1]

Group 1 - The core point of the article is that Zhuoyue Technology (SZ 002369) announced its 2025 semi-annual report during a board meeting held on August 22, 2025, indicating that the company's revenue is entirely derived from the communications and equipment manufacturing sector [1][1][1] - Zhuoyue Technology's market capitalization is reported to be 6.5 billion yuan [1][1][1] Group 2 - The company held its sixth board meeting to review important documents, including the semi-annual report and its summary [1][1][1] - The meeting took place in Shenzhen, combining both in-person and communication methods [1][1][1]

Group 1 - The core viewpoint of the article highlights the financial performance of Zhuoyue Technology, indicating a slight increase in revenue but continued net losses [1] - For the first half of 2025, Zhuoyue Technology reported an operating income of approximately 870 million yuan, representing a year-on-year increase of 6.96% [1] - The net loss attributable to shareholders for the same period was approximately 78.39 million yuan, with a basic earnings per share loss of 0.1383 yuan [1] Group 2 - In comparison, the operating income for the first half of 2024 was approximately 814 million yuan, with a net loss of about 86.49 million yuan and a basic earnings per share loss of 0.1525 yuan [1] - As of the report date, Zhuoyue Technology's market capitalization stood at 6.5 billion yuan [1]

深圳市卓翼科技股份有限公司 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 单位：万元 | 非经营性资金占 | 资金占用方名称 | 占用方与上市公 | 上市公司核 | 2025年期初占 | 2025年1-6月占用累 计发生金额（不含 | 2025年1-6月占用资 | 2025年1-6月偿还 | 2025年上半年期 | 占用形成原 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 用 | | 司的关联关系 | 算的会计科 目 | 用资金余额 | 利息） | 金的利息（如有） | 累计发生金额 | 末占用资金余额 | 因 | 占用性质 | | 控股股东、实际控 | | | | | | | | | | | | 制人及其附属企 | | | | | | | | | | | | 业 | | | | | | | | | | | | 小计 | - | - | - | | | | | | | - | | 前控股股东、实际 | | | | | | | | | | | | 控制人及其附属 | | | | | | | | ...

合并资产负债表（续） 2025年6月30日 | 编制单位：深圳市卓翼科技股份有限公司 | | 单位：人民币元 | | --- | --- | --- | | 项目 | 2025年6月30日 | 2025年1月1日 | | 流动负债： | | | | 短期借款 | 224,140,165.59 | 203,214,476.15 | | 向中央银行借款 | | | | 拆入资金 | | | | 交易性金融负债 | | | | 衍生金融负债 | | | | 应付票据 | 192,950,776.16 | 196,978,113.80 | | 应付账款 | 633,960,086.34 | 645,561,525.82 | | 预收款项 | | | | 合同负债 | 11,908,574.66 | 9,032,932.45 | | 卖出回购金融资产款 | | | | 吸收存款及同业存放 | | | | 代理买卖证券款 | | | | 代理承销证券款 | | | | 应付职工薪酬 | 31,973,774.02 | 38,220,627.83 | | 应交税费 | 18,530,123.25 | 18,053,417. ...

深圳市卓翼科技股份有限公司 2025 年半年度财务报告 深圳市卓翼科技股份有限公司 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：深圳市卓翼科技股份有限公司 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 | 358,175,423.99 | 335,903,806.53 | | 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 | | 491,411.67 | | 应收账款 | 498,275,903.05 | 533,339,200.23 | | 应收款项融资 | 1,578,040.91 | 14,247,062.26 | | 预付款项 | 558,575.97 | 568,861.14 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | ...