证券代码：002452 证券简称：长高电新 公告编号：2025-38 1、审议通过了《关于审议公司 2025 年半年度报告全文及其摘要的议案》 经过认真审查，公司监事会认为：公司 2025 年半年度报告全文和摘要真实 客观地反映了公司 2025 年半年度的财务状况和经营成果。监事会认为董事会编 制和审议公司 2025 年半年度报告全文和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 在任何虚假记载、误导性陈述或者重大遗漏。 审议结果：3 票赞成；0 票反对；0 票弃权，全票通过。 2、审议通过了《关于审议<2025 年半年度募集资金存放与使用情况的专项 报告>的议案》 审议结果：3 票赞成；0 票反对；0 票弃权，全票通过。 二、备查文件 长高电新科技股份公司 第六届监事会第十八次会议决议公告 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 长高电新科技股份公司（下称"公司"）第六届监事会第十八次会议于 2025 年 8 月 23 日在本公司总部大楼 17 楼会议室召开。公司于 2025 年 8 月 13 ...

证券代码：002452 证券简称：长高电新 公告编号：2025-37 长高电新科技股份公司 第六届董事会第二十一次会议决议公告 1、审议通过了《关于审议公司 2025 年半年度报告全文及其摘要的议案》； 同意公司按照定期报告编制的相关格式指引及要求，根据公司财务部门提交 的《2025 半年度财务报告》及公司 2025 年上半年经营情况等编制的《2025 半年 度报告》全文及摘要。 表决结果：9 票赞成，0 票反对，0 票弃权，一致通过。 2025 年半年度报告全文及摘要请详见 2025 年 8 月 26 日巨潮资讯网 （www.cninfo.com.cn），半年度报告摘要同时刊登在《证券时报》《中国证券报》 《上海证券报》和《证券日报》。 2、审议通过了《关于审议<2025 年半年度募集资金存放与使用情况的专项 报告>的议案》 表决结果：9 票赞成，0 票反对，0 票弃权，一致通过。 具体内容详见 2025 年 8 月 26 日巨潮资讯网（www.cninfo.com.cn）。 二、备查文件： 第六届董事会第二十一次会议决议 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈 ...

Core Viewpoint - The company reported a slight increase in revenue but a significant decline in net profit for the first half of the year [1] Financial Performance - The company achieved an operating revenue of 732 million yuan, representing a year-on-year growth of 0.40% [1] - The net profit attributable to shareholders of the listed company was 106 million yuan, showing a year-on-year decrease of 13.12% [1] - The basic earnings per share were 0.1701 yuan [1]

Financial Performance - The company's operating revenue for the reporting period was ¥732,154,243.28, representing a 0.40% increase compared to ¥729,272,437.79 in the same period last year[18]. - Net profit attributable to shareholders decreased by 13.12% to ¥105,512,322.04 from ¥121,446,265.14 year-on-year[18]. - Basic and diluted earnings per share fell by 14.31% to ¥0.1701 from ¥0.1985 in the same period last year[18]. - The company's operating revenue for the reporting period was ¥732,154,243.28, representing a year-on-year increase of 0.40% compared to ¥729,272,437.79 in the previous year[49]. - The company reported a total comprehensive income of ¥105,771,318.68 for the first half of 2025, compared to ¥120,877,689.85 in the previous year, indicating a decrease of about 12.5%[165]. - The company reported a total comprehensive income of ¥18,787,879.11 for the first half of 2025, compared to ¥18,582,488.21 in 2024, showing an increase of 1.1%[169]. Cash Flow and Liquidity - The net cash flow from operating activities significantly improved to ¥118,512,121.38, a 1,007.81% increase from a negative cash flow of ¥13,054,732.63 in the previous year[18]. - The company's cash and cash equivalents decreased by 45.02% to ¥-75,543,005.02, influenced by changes in cash flows from operating, investing, and financing activities[49]. - The company's cash and cash equivalents at the end of the period stood at ¥860,107,834.47, an increase from ¥621,982,953.40 at the end of the first half of 2024[172]. - The company’s cash balance at the end of the period was $676,557,393.62, up from $486,343,438.53 at the end of the previous period[175]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,463,642,194.70, down 1.67% from ¥3,522,447,313.23 at the end of the previous year[18]. - The company's total liabilities at the end of the reporting period were CNY 3,460,000,000, with a notable decrease in short-term borrowings[56]. - The company's total liabilities decreased from CNY 1,111,199,715.97 to CNY 980,212,841.86, a reduction of about 11.77%[157]. - The total liabilities increased to ¥1,111,971,624.38 from ¥906,240,111.72, reflecting a growth of approximately 22.6%[161]. Investments and R&D - The company’s R&D investment increased by 75.08% to ¥61,199,927.32, primarily due to increased new product development expenses at its subsidiary Changgao Electric[49]. - The company has established national-level R&D platforms and has been recognized as a national technology innovation demonstration enterprise[41]. - The company has a total of 108 invention patents, 344 utility model patents, and 46 software copyrights, showcasing its strong commitment to innovation[45]. - Research and development expenses surged to ¥61,199,927.32, compared to ¥34,956,184.84 in the previous year, marking an increase of about 75.5%[164]. Market and Business Segments - The company focuses on two main business segments: power transmission and transformation equipment, and power survey design and engineering contracting[25]. - The core products in the power transmission and transformation equipment segment include isolating switches, grounding switches, and gas-insulated switchgear (GIS), covering voltage levels from 10kV to 1100kV[27][29]. - The power industry is experiencing growth due to increasing electricity demand and the need for equipment upgrades, providing a favorable outlook for the company[40]. - The company has a strong brand presence and has supplied equipment for major national projects, enhancing its industry influence[42]. Corporate Governance and Management - The company has established a comprehensive corporate governance structure, ensuring transparency and fairness in information disclosure to all shareholders[105]. - The board of directors consists of 9 members with diverse professional backgrounds, supported by various committees including audit and compensation committees[105]. - The company has established a comprehensive lifecycle information management system using PDM, ERP, MES, and MQS to enhance production efficiency and reduce costs[107]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.80 yuan per 10 shares based on a total share capital of 620,332,085 shares, amounting to a total dividend payout of approximately 4.96 million yuan[101]. - The total number of shares outstanding is 620,332,085, with 16.83% being restricted shares and 83.17% being unrestricted shares[143]. - The employee stock ownership plan includes 99 employees holding a total of 13,182,200 shares, representing 2.13% of the company's total shares[100]. Risk Management - The company has a high customer concentration risk, with significant sales to the State Grid and its subsidiaries, which could impact performance if there are adverse changes in their procurement plans[90]. - To mitigate risks, the company is expanding into the Southern Power Grid market and diversifying into renewable energy sectors[91]. - The company has established a strict sales collection management system to address the risk of uncollectible accounts receivable[93]. - Inventory management practices are in place to minimize the risk of inventory write-downs, including regular assessments and adjustments based on market conditions[94]. Social Responsibility and Sustainability - The company has actively participated in social welfare initiatives and community development, promoting harmonious community growth[111]. - The company has adopted the ISO14000 environmental management system to improve automation levels and reduce negative environmental impacts[111]. - The company has achieved OHSAS 18001 certification for occupational health and safety, ensuring a safe working environment for employees[112].

Core Points - The company has received acceptance from the Shenzhen Stock Exchange for its application to issue convertible bonds to unspecified objects [1] - The application documents were deemed complete by the Shenzhen Stock Exchange, but the issuance is subject to further review and approval from the China Securities Regulatory Commission [1] - There is uncertainty regarding the approval process and timeline for the issuance of the convertible bonds [1] Summary by Sections - **Company Announcement**: The company announced that it received a notification from the Shenzhen Stock Exchange on August 14, 2025, regarding the acceptance of its application for issuing convertible bonds [1] - **Regulatory Process**: The issuance of the convertible bonds requires further review by the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission [1] - **Investor Advisory**: The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations as the situation progresses, urging investors to be aware of investment risks [1]

Group 1 - The stock price of Changgao Electric New reached 7.44 yuan as of August 15, 2025, reflecting a 1.36% increase from the previous trading day [1] - The trading volume on that day was 117,170 hands, with a transaction amount of 0.87 billion yuan [1] - Changgao Electric New specializes in the research, production, and sales of power transmission and transformation equipment, including high-voltage switches and closed-type combined electrical appliances [1] Group 2 - On August 14, Changgao Electric New received a notice from the Shenzhen Stock Exchange regarding the acceptance of its application for issuing convertible bonds to unspecified objects [1] - The company plans to raise funds through the issuance of convertible bonds for capacity expansion projects, specifically for the production line construction of high-voltage switches and closed-type combined electrical appliances [1] Group 3 - On August 15, the net outflow of main funds for Changgao Electric New was 10.35 million yuan, accounting for 0.27% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 23.17 million yuan, representing 0.6% of the circulating market value [1]

Group 1 - Baiya Co., Ltd. achieved a net profit of 188 million yuan in the first half of 2025, a year-on-year increase of 4.64% [1] - The company reported an operating income of 1.764 billion yuan, up 15.12% year-on-year [1] - Basic earnings per share were 0.44 yuan [1] Group 2 - Leike Defense reported a net loss of 41.67 million yuan in the first half of 2025, compared to a loss of 66.43 million yuan in the same period last year [2] - The company achieved an operating income of 542 million yuan, a year-on-year increase of 9.77% [2] - Basic earnings per share were -0.03 yuan [2] Group 3 - Jinggong Technology achieved a net profit of 113 million yuan in the first half of 2025, a year-on-year increase of 15.55% [3] - The company reported an operating income of 1.061 billion yuan, up 10.31% year-on-year [3] - Basic earnings per share were 0.22 yuan [3] Group 4 - Yuejian Intelligent reported a net profit of 62.63 million yuan in the first half of 2025, a year-on-year increase of 46.99% [4] - The company achieved an operating income of 651 million yuan, up 13.22% year-on-year [4] - Basic earnings per share were 0.2436 yuan [4] Group 5 - Wanwei High-tech achieved a net profit of 256 million yuan in the first half of 2025, a year-on-year increase of 97.47% [6] - The company reported an operating income of 4.061 billion yuan, up 4.90% year-on-year [6] - Basic earnings per share were 0.122 yuan [6] Group 6 - Keli Equipment achieved a net profit of 82.78 million yuan in the first half of 2025, a year-on-year increase of 4.88% [7] - The company reported an operating income of 318 million yuan, up 12.41% year-on-year [7] - Basic earnings per share were 0.87 yuan [7] Group 7 - Jinwo Co., Ltd. achieved a net profit of 25.47 million yuan in the first half of 2025, a year-on-year increase of 94% [8] - The company reported an operating income of 614 million yuan, up 7.96% year-on-year [8] - Basic earnings per share were 0.21 yuan [8] Group 8 - Longyuan Technology achieved a net profit of 28.28 million yuan in the first half of 2025, a year-on-year increase of 135.6% [10] - The company reported an operating income of 362 million yuan, up 1.48% year-on-year [10] - Basic earnings per share were 0.0548 yuan [10] Group 9 - Guangting Information achieved a net profit of 42.92 million yuan in the first half of 2025, turning from loss to profit [13] - The company reported an operating income of 275 million yuan, up 26.88% year-on-year [13] - Basic earnings per share were 0.4633 yuan [13] Group 10 - Changjiang Materials achieved a net profit of 73.38 million yuan in the first half of 2025, a year-on-year increase of 5.03% [15] - The company reported an operating income of 513 million yuan, up 10.43% year-on-year [15] - Basic earnings per share were 0.5019 yuan [15] Group 11 - Yitong Century reported a net loss of 1.77 million yuan in the first half of 2025, compared to a profit of 35.87 million yuan in the same period last year [17] - The company achieved an operating income of 1.22 billion yuan, down 0.54% year-on-year [17] - Basic earnings per share were -0.0020 yuan [17] Group 12 - China Nuclear Construction signed new contracts worth 90.48 billion yuan in July 2025 [19] - The company achieved a cumulative operating income of 58.229 billion yuan [19] Group 13 - Yinlong Co., Ltd. signed a construction labor subcontracting contract worth 108 million yuan [21] - The contract is for the prefabrication of CRTSIII-type track slabs for a railway project [21] Group 14 - Xinan Century plans to apply for a comprehensive credit limit of no more than 50 million yuan from a bank [23] - The limit will be used for various business purposes including working capital loans [23] Group 15 - New Hongtai reported a net profit of 34.27 million yuan in the first half of 2025, a year-on-year decrease of 8.94% [25] - The company achieved an operating income of 308 million yuan, down 2.45% year-on-year [25] - Basic earnings per share were 0.23 yuan [25] Group 16 - Botong Co., Ltd. achieved a net profit of 13.33 million yuan in the first half of 2025, a year-on-year increase of 42.95% [26] - The company reported an operating income of 149 million yuan, up 5.23% year-on-year [26] - Basic earnings per share were 0.2135 yuan [26] Group 17 - Minfeng Special Paper reported a net profit of 15.07 million yuan in the first half of 2025, a year-on-year decrease of 68.88% [28] - The company achieved an operating income of 601 million yuan, down 23.21% year-on-year [28] - Basic earnings per share were 0.043 yuan [28] Group 18 - Changchun Yidong announced that a shareholder plans to reduce their stake by up to 2.97% [29] - The reduction period is from September 8, 2025, to December 5, 2025 [29] Group 19 - Jiukang Bio received an invention patent certificate for a reagent [30] - The patent involves the application of a specific enzyme in diagnostic reagents [30] Group 20 - Xuelang Environment announced the resignation of its general manager due to personal reasons [31] - The chairman will temporarily take over the general manager's responsibilities [31] Group 21 - Tailin Bio's subsidiary obtained a property certificate for industrial land [32] - The land area is 20,500 square meters with a usage period until July 6, 2075 [32] Group 22 - Changgao Electric New's application for convertible bonds has been accepted by the Shenzhen Stock Exchange [33] Group 23 - Tianyoude Wine plans to use up to 147 million yuan of idle funds for cash management [34] Group 24 - Lingxiao Pump Industry used 5.9 million yuan of idle funds to purchase financial products [36] Group 25 - Mengke Pharmaceutical announced that a shareholder plans to reduce their stake by up to 3% [38] Group 26 - Kexiang Co., Ltd. plans to raise no more than 300 million yuan through a simplified procedure [40] Group 27 - Huagong Technology achieved a net profit of 911 million yuan in the first half of 2025, a year-on-year increase of 44.87% [42] - The company reported an operating income of 7.629 billion yuan, up 44.66% year-on-year [42] - Basic earnings per share were 0.91 yuan [42] Group 28 - Shanghai Jianke achieved a net profit of 23.76 million yuan in the first half of 2025, a year-on-year increase of 48.57% [43] - The company reported an operating income of 1.935 billion yuan, up 0.60% year-on-year [43] - Basic earnings per share were 0.06 yuan [43] Group 29 - Darui Electronics achieved a net profit of 132 million yuan in the first half of 2025, a year-on-year increase of 25.32% [44] - The company reported an operating income of 1.405 billion yuan, up 28.04% year-on-year [44] - Basic earnings per share were 1.00 yuan [44] Group 30 - Dongyangguang achieved a net profit of 613 million yuan in the first half of 2025, a year-on-year increase of 170.57% [45] - The company reported an operating income of 7.124 billion yuan, up 18.48% year-on-year [45] - Basic earnings per share were 0.209 yuan [45] Group 31 - Chongqing Beer reported a net profit of 865 million yuan in the first half of 2025, a year-on-year decrease of 4.03% [49] - The company achieved an operating income of 8.839 billion yuan, down 0.24% year-on-year [49] - Basic earnings per share were 1.79 yuan [49] Group 32 - Chongqing Beer announced that its subsidiary plans to increase capital by 600 million yuan [51] Group 33 - Meixin Technology announced that a shareholder plans to reduce their stake by up to 3% [53] Group 34 - Qipai Technology plans to raise no more than 159 million yuan through a private placement [55] Group 35 - Qipai Technology reported a net loss of 586.69 million yuan in the first half of 2025 [57] - The company achieved an operating income of 326 million yuan, up 4.09% year-on-year [57] - Basic earnings per share were -0.55 yuan [57] Group 36 - Huaying Technology reported a net loss of 476 million yuan in the first half of 2025 [59] - The company achieved an operating income of 721 million yuan, down 16.59% year-on-year [59] - Basic earnings per share were -0.1723 yuan [59] Group 37 - Best reported a net profit of 148 million yuan in the first half of 2025, a year-on-year increase of 3.30% [61] - The company achieved an operating income of 716 million yuan, up 2.73% year-on-year [61] - Basic earnings per share were 0.2966 yuan [61] Group 38 - Changliang Technology reported a net loss of 19.11 million yuan in the first half of 2025 [62] - The company achieved an operating income of 664 million yuan, down 5.64% year-on-year [62] - Basic earnings per share were -0.0236 yuan [62] Group 39 - Shunhao Co., Ltd. plans to use up to 35 million yuan of idle funds for entrusted wealth management [64] Group 40 - Weihede achieved a net profit of 65.97 million yuan in the first half of 2025, a year-on-year increase of 24.69% [66] - The company reported an operating income of 356 million yuan, up 38.37% year-on-year [66] - Basic earnings per share were 0.49 yuan [66] Group 41 - Huafa Co., Ltd. reported a net profit of 172 million yuan in the first half of 2025, a year-on-year decrease of 86.41% [67] - The company achieved an operating income of 38.199 billion yuan, up 53.46% year-on-year [67] - Basic earnings per share were 0.06 yuan [67] Group 42 - Mankun Technology achieved a net profit of 632 million yuan in the first half of 2025, a year-on-year increase of 62.30% [68] - The company reported an operating income of 760 million yuan, up 31.56% year-on-year [68] - Basic earnings per share were 0.43 yuan [68] Group 43 - Kelu Electronics achieved a net profit of 190 million yuan in the first half of 2025, turning from loss to profit [69] - The company reported an operating income of 2.573 billion yuan, up 34.66% year-on-year [69] - Basic earnings per share were 0.1144 yuan [69] Group 44 - Sanrenxing achieved a net profit of 144 million yuan in the first half of 2025, a year-on-year increase of 10.83% [71] - The company reported an operating income of 1.657 billion yuan, down 13.36% year-on-year [71] - Basic earnings per share were 0.68 yuan [71] Group 45 - Xinwei Communication achieved a net profit of 162 million yuan in the first half of 2025, a year-on-year decrease of 20.18% [72] - The company reported an operating income of 3.703 billion yuan, down 1.15% year-on-year [72] - Basic earnings per share were 0.1699 yuan [72] Group 46 - Yifan Pharmaceutical achieved a net profit of 304 million yuan in the first half of 2025, a year-on-year increase of 19.91% [72] - The company reported an operating income of 2.635 billion yuan, up 0.11% year-on-year [72] - Basic earnings per share were 0.25 yuan [72] Group 47 - *ST Chengchang achieved a net profit of 566 million yuan in the first half of 2025, turning from loss to profit [73] - The company reported an operating income of 201 million yuan, up 180.16% year-on-year [73] - Basic earnings per share were 0.2783 yuan [73] Group 48 - Rejing Bio announced that a controlling shareholder plans to reduce their stake by up to 1.08% [74] Group 49 - Jingu Co., Ltd. signed a strategic cooperation framework agreement with Luming Robotics [75]

天眼查商业履历信息显示，长高电新科技股份公司，成立于1998年，位于长沙市，是一家以从事科技推 广和应用服务业为主的企业。企业注册资本62033.2085万人民币，实缴资本19466.503万人民币。公司法 定代表人为马晓。 通过天眼查大数据分析，长高电新科技股份公司共对外投资了25家企业，参与招投标项目339次，知识 产权方面有商标信息30条，专利信息359条，此外企业还拥有行政许可32个。 资金流向方面，今日主力资金净流出1035.18万元，占比成交额11.91%。其中，超大单净流入49.79万 元、占成交额0.57%，大单净流出1084.96万元、占成交额12.48%，中单净流出流入127.47万元、占成交 额1.47%，小单净流入907.71万元、占成交额10.44%。 长高电新最新一期业绩显示，截至2025一季报，公司营业总收入3.39亿元、同比增长33.57%，归属净利 润3344.91万元，同比增长12.54%，扣非净利润3033.86万元，同比增长17.76%，流动比率3.078、速动比 率2.592、资产负债率31.50%。 来源：金融界 金融界消息 截至2025年8月15日收盘，长高电新（ ...

Core Viewpoint - Changgao Electric Group Co., Ltd. is planning to issue convertible bonds to raise funds for expanding its production capacity and enhancing its technological capabilities in the electric power industry, aligning with national energy policies and market demands [2][14][16]. Group 1: Issuance Details - The company intends to issue convertible bonds with a total amount not exceeding RMB 855.5782 million, with each bond having a face value of RMB 100 [18][19]. - The funds raised will be allocated to projects including high-voltage switches, closed-type combination electrical appliances, and transformers, among others [19][20]. - The issuance is expected to enhance the company's production capacity and support its strategic development in the electric power sector [16][19]. Group 2: Credit Rating and Risk Factors - The convertible bonds have been rated AA- by China Chengxin International Credit Rating Co., Ltd., indicating a stable outlook [2][7]. - The bonds are unsecured, which may increase repayment risks if the company faces significant operational challenges [3][4]. - The company has highlighted risks related to customer concentration, accounts receivable collection, and market competition, which could impact its financial performance [4][5][6]. Group 3: Industry Context - The electric power industry is experiencing rapid growth driven by national policies promoting energy transition and infrastructure modernization [14][15][17]. - The demand for electric power equipment is expected to rise due to increasing electricity consumption and the need for grid upgrades to accommodate renewable energy sources [14][15]. - The company is positioned to benefit from these trends by focusing on innovative and environmentally friendly products, aligning with the national goals of carbon neutrality [17][18].

Company Overview - The issuer is Changgao Electric New Technology Co., Ltd., established on April 23, 1998, located in Changsha, Hunan Province [1] - The main business includes power transmission and transformation equipment, as well as power survey design and engineering contracting, aiming to become a comprehensive service provider in the energy sector [1] Financial Data - As of March 31, 2025, total assets amounted to 358,197.82 million yuan, with total liabilities at 112,828.62 million yuan, resulting in shareholders' equity of 245,369.19 million yuan [3] - For the first quarter of 2025, operating revenue was 33,908.49 million yuan, with a net profit of 3,355.53 million yuan [3] - The company reported a net cash flow from operating activities of 11,303.08 million yuan for the year 2024 [4] Key Financial Ratios - The current ratio was 3.08, and the quick ratio was 2.59 as of March 31, 2025 [4] - The debt-to-asset ratio was 31.50% for consolidated figures, indicating a stable financial structure [4] - The interest coverage ratio was 36.56, suggesting strong ability to meet interest obligations [4] Investment and Fundraising - The company plans to issue convertible bonds totaling up to 85,557.82 million yuan, with a face value of 100 yuan per bond, and a term of six years [14][15] - The funds raised will be allocated to projects including the Changgao Electric New Jinzhou Production Base Phase III and the Changgao Electric New Wangcheng Production Base Upgrade [26] Risk Factors - The company faces high customer concentration risk, primarily relying on sales to State Grid and its subsidiaries, which accounted for significant revenue [5] - There is a risk of goodwill impairment due to external factors affecting market conditions [5] - The company has a substantial accounts receivable balance, which could impact cash flow if major clients face financial difficulties [5] Regulatory Compliance - The company has completed necessary internal decision-making processes for the bond issuance, including approvals from the board of directors and shareholders [21][22] - The issuer meets the requirements for public bond issuance as per the Securities Law, including having sufficient average distributable profits to cover interest payments [27][30]