江苏银河电子股份有限公司（以下或简称"公司"）第九届董事会第二次会 议通知于 2025 年 7 月 28 日以电话、电子邮件的方式发出，并于 2025 年 8 月 7 日以现场与通讯相结合的方式召开。本次会议应出席董事 5 名，实际出席会议董 事 5 名，其中董事吴刚以通讯方式出席。本次会议的召集与召开程序、出席会议 人员资格及议事和表决程序符合《公司法》及《公司章程》的有关规定。经与会 董事认真审议，并以投票表决的方式形成如下决议： 一、审议通过了《关于 2025 年半年度报告全文及摘要的议案》。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 证券代码：002519 证券简称：银河电子 公告编号：2025-026 江苏银河电子股份有限公司 第九届董事会第二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 表决结果：同意 4 票，反对 0 票，弃权 0 票。 具体内容详见刊登于《证券时报》、《上海证券报》、《中国证券报》、《证 券日报》及巨潮资讯网（www.cninfo.com.cn）上的《关于增加 2025 年度日常关 联交易预计额度的 ...

江苏银河电子股份有限公司 第九届董事会独立董事专门会议 江苏银河电子股份有限公司 独立董事：郭静娟、陈友春 2025 年 8 月 7 日 江苏银河电子股份有限公司（以下简称"公司"）第九届董事会独立董事专 门会议第一次会议于 2025 年 8 月 7 日召开，本次会议已于 2025 年 7 月 29 日以 电子邮件的方式通知全体独立董事。全体独立董事共同推举公司独立董事郭静娟 女士担任本次会议的召集人并主持本次会议，会议应出席独立董事 2 人，实际出 席独立董事 2 人。本次会议的召开和表决程序符合《上市公司独立董事管理办法》 和《独立董事工作制度》等规定。 经各位独立董事审议，会议形成如下决议: 会议以 2 票同意、0 票反对、0 票弃权，审议通过了《关于 2025 年度日常关 联交易预计的议案》经核查，我们认为：公司本次预计的日常关联交易是基于公 司日常经营和业务发展需求进行的正常的商业交易行为，其定价依据和交易过程 遵循公平、公开、公正原则，不存在利用关联交易损害公司及股东利益，特别是 中小股东利益的情形，亦不会影响公司的独立性。 我们同意公司将《关于 2025 年度日常关联交易预计的议案》提交公司董事 ...

银河电子(002519.SZ)发布2025年半年度报告，该公司营业收入为2.06亿元，同比减少59.73%。归属于上 市公司股东的净亏损为2881.68万元。归属于上市公司股东的扣除非经常性损益的净亏损为3606.07万 元。基本每股亏损为0.0256元。 ...

Part I Important Notice, Table of Contents and Definitions [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Supervisory Board, and senior management guarantee the report's accuracy and completeness, with no plans for cash dividends or bonus shares - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, assuming individual and joint legal responsibility[5](index=5&type=chunk) - Company head Wu Jianming, chief accountant Xu Min, and head of accounting department Xu Min declare that the financial report in this semi-annual report is true, accurate, and complete[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the report's complete directory structure, covering company profile, management discussion, governance, significant events, share changes, bonds, financial reports, and other data [Definitions](index=4&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including "Yinhe Electronics" and its main holding company and subsidiaries - "Yinhe Electronics," "the Company," or "this Company" refers to Jiangsu Yinhe Electronics Co, Ltd[11](index=11&type=chunk) - "Yinhe Electronics Group" refers to the company's controlling shareholder, Yinhe Electronics Group Investment Co, Ltd[11](index=11&type=chunk) - The report lists several wholly-owned and controlled subsidiaries, such as Tongzhi Electromechanical, Yidu Intelligent, and Yitai New Energy[11](index=11&type=chunk) Part II Company Profile and Key Financial Indicators [I. Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Jiangsu Yinhe Electronics Co, Ltd, stock code 002519, is listed on the Shenzhen Stock Exchange, with Wu Jianming as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Yinhe Electronics | | Stock Code | 002519 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Jiangsu Yinhe Electronics Co, Ltd | | Legal Representative | Wu Jianming | [II. Contact Persons and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the company's Board Secretary, Xu Ge, and Securities Affairs Representative, Feng Yi - The Board Secretary is Xu Ge, and the Securities Affairs Representative is Feng Yi, both located at 188 Nanhuan Road, Tangqiao Town, Zhangjiagang City, Jiangsu Province[14](index=14&type=chunk) [III. Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) The company's registered address, office address, website, email, and information disclosure locations remained unchanged during the reporting period - The company's contact information remained unchanged during the reporting period, as detailed in the 2024 annual report[15](index=15&type=chunk) - Information disclosure and storage locations remained unchanged during the reporting period, as detailed in the 2024 annual report[16](index=16&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company experienced a significant decline in operating revenue and net profit attributable to shareholders, with total assets and net assets also slightly decreasing Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Reporting Period | Prior Year Period | YoY Change in Current Period | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 205,844,722.37 | 511,104,768.77 | -59.73% | | Net Profit Attributable to Shareholders (RMB) | -28,816,841.17 | 135,883,387.62 | -121.21% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (RMB) | -36,060,671.20 | 55,558,897.85 | -164.91% | | Net Cash Flow from Operating Activities (RMB) | -89,955,595.31 | -99,436,658.83 | Not Applicable | | Basic Earnings Per Share (RMB/share) | -0.0256 | 0.1206 | -121.23% | | Diluted Earnings Per Share (RMB/share) | -0.0256 | 0.1206 | -121.23% | | Weighted Average Return on Net Assets | -1.24% | 4.19% | -5.43% | | **End of Current Reporting Period** | **End of Prior Year** | **YoY Change at End of Current Period** | | | Total Assets (RMB) | 3,351,710,938.22 | 3,491,304,056.77 | -4.00% | | Net Assets Attributable to Shareholders (RMB) | 2,308,944,131.12 | 2,337,760,972.27 | -1.23% | [V. Differences in Accounting Data Under Domestic and International Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) The company reported no differences in net profit and net assets between financial reports prepared under international or overseas accounting standards and Chinese accounting standards - The company's financial reports for the reporting period show no differences in net profit and net assets between International Accounting Standards and Chinese Accounting Standards[19](index=19&type=chunk) - The company's financial reports for the reporting period show no differences in net profit and net assets between overseas accounting standards and Chinese Accounting Standards[20](index=20&type=chunk) [VI. Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) The company's total non-recurring gains and losses amounted to **RMB 7.24 million**, primarily from government subsidies and fair value changes of financial assets Non-Recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Disposal gains and losses of non-current assets | -234,343.48 | | | Government subsidies recognized in current profit and loss | 2,940,098.73 | Government subsidies received | | Fair value changes of financial assets and liabilities held by non-financial enterprises, and gains/losses from disposal of financial assets and liabilities | 4,283,224.58 | Investment income received | | Reversal of impairment provisions for individually tested receivables | 177,345.02 | | | Other non-operating income and expenses apart from the above | -5,755.43 | | | Other gains and losses items conforming to the definition of non-recurring gains and losses | 171,104.42 | | | Less: Income tax impact | 80,613.79 | | | Minority interest impact (after tax) | 7,230.02 | | | **Total** | **7,243,830.03** | | - The company has no other specific items that meet the definition of non-recurring gains and losses, nor has it reclassified non-recurring items as recurring ones[23](index=23&type=chunk) Part III Management Discussion and Analysis [I. Main Business Activities During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company, a specialized enterprise group focusing on new energy, AI, and intelligent electromechanical businesses, saw significant declines in revenue and net profit due to reduced orders and litigation impacts - The company's main businesses include new energy, artificial intelligence, and intelligent electromechanical, with products covering intelligent special equipment, new energy storage, charging piles, PV-storage-charging systems, precision structural parts, and intelligent terminals/gateways[25](index=25&type=chunk) - During the reporting period, the company achieved operating revenue of **RMB 205.84 million**, a **59.73% year-on-year decrease**, and net profit attributable to shareholders of **RMB -28.82 million**, a **121.21% year-on-year decrease**[37](index=37&type=chunk) - The performance decline was primarily due to subsidiary Tongzhi Electromechanical's reduced new orders and delayed acceptance of existing orders, affected by contract price review investigations and a 36-month ban from military equipment procurement activities[37](index=37&type=chunk) [(I) Company's Main Businesses, Products, Uses, and Industry Development](index=9&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E3%80%81%E4%B8%BB%E8%A6%81%E4%BA%A7%E5%93%81%E5%8F%8A%E5%85%B6%E7%94%A8%E9%80%94%E3%80%81%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%91%E5%B1%95%E6%83%85%E5%86%B5) The company's intelligent electromechanical and new energy businesses are driven by defense spending growth, 5G/gigabit optical network expansion, and rapid growth in the energy storage market [1. Intelligent Electromechanical Business](index=9&type=section&id=1%E3%80%81%E6%99%BA%E8%83%BD%E6%9C%BA%E7%94%B5%E4%B8%9A%E5%8A%A1) This business segment, encompassing intelligent special equipment and intelligent terminals, benefits from increased national defense spending and the widespread adoption of 5G/gigabit optical networks - The intelligent special equipment business primarily provides technical support equipment, intelligent power distribution systems, integrated electronic information systems, and integrated environmental control systems for military special vehicles like tanks, armored vehicles, and self-propelled artillery[26](index=26&type=chunk) - The intelligent terminal business focuses on smart home core entry points, offering digital IPTV/OTT, broadcast TV terminal products, intelligent converged gateways, and routers, primarily serving domestic and international broadcasting and telecom operators[27](index=27&type=chunk) - In 2025, the national defense budget is **RMB 1,784.665 billion**, a **7.2% increase**, indicating continued growth in demand for military equipment[28](index=28&type=chunk)[29](index=29&type=chunk) - By the end of 2024, national gigabit broadband users reached **207 million**, FTTR users exceeded **35 million**, and mass deployment of ultra-high-definition plug-in mini set-top boxes is expected to drive intelligent terminal market demand[30](index=30&type=chunk)[31](index=31&type=chunk) [2. New Energy Business](index=10&type=section&id=2%E3%80%81%E6%96%B0%E8%83%BD%E6%BA%90%E4%B8%9A%E5%8A%A1) The new energy business, including lightweight precision structural parts and energy storage/PV-storage-charging systems, benefits from rapid market growth and supportive national policies for high-quality development in new energy storage manufacturing - The new energy lightweight precision structural parts business provides precision structural components for major clients in the photovoltaic, energy storage, new energy power battery, and security industries[32](index=32&type=chunk) - The energy storage business, leveraging AI and big data, offers industrial and commercial, residential, and portable energy storage products, while the PV-storage-charging business provides customized solutions[34](index=34&type=chunk) - In the first half of 2025, domestic new energy storage additions reached **21.9 GW/55.2 GWh**, representing a **69.4% increase in power** and **76.6% increase in capacity** year-on-year[35](index=35&type=chunk) - National policies support the high-quality development of new energy storage manufacturing, proposing six actions including technological innovation, industrial collaboration, transformation and upgrading, demonstration applications, industrial ecosystem improvement, and trade and investment cooperation[36](index=36&type=chunk) [(II) Company Operations During the Reporting Period](index=11&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) During the reporting period, the company's operating revenue decreased by **59.73%** and net profit attributable to shareholders by **121.21%**, primarily due to reduced orders for subsidiary Tongzhi Electromechanical - During the reporting period, the company achieved operating revenue of **RMB 205.84 million**, a **59.73% year-on-year decrease**, and net profit attributable to shareholders of **RMB -28.82 million**, a **121.21% year-on-year decrease**[37](index=37&type=chunk) - The performance decline was primarily due to subsidiary Tongzhi Electromechanical's reduced new orders and delayed acceptance of existing orders, affected by contract price review investigations and a 36-month ban from military equipment procurement activities[37](index=37&type=chunk) - At the end of the reporting period, the company's total assets were **RMB 3.35 billion**, total liabilities were **RMB 1.04 billion**, and the asset-liability ratio was **31.17%**[37](index=37&type=chunk) [II. Analysis of Core Competencies](index=11&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness stems from its strong innovation capabilities, a large R&D team, multiple research centers, and a substantial portfolio of 408 authorized patents, including 70 invention patents - The company has an R&D team of **over 300 people**, with R&D centers in its headquarters, Nanjing, and Hefei, conducting new project research through platforms like the national postdoctoral research workstation[38](index=38&type=chunk) - As of the end of the reporting period, the company held **408 authorized patents**, including **70 invention patents**[38](index=38&type=chunk) - Subsidiary Tongzhi Electromechanical is a National Torch Program Key High-tech Enterprise, with multiple professional R&D platforms like the "Anhui Provincial Postdoctoral Workstation," holding **249 patents** (**32 invention patents**)[40](index=40&type=chunk) - Subsidiary Heshi Testing is certified by CNAS, DILAC, and CMA for testing capabilities, operates five major laboratories, and holds **25 patents** (**2 invention patents**)[40](index=40&type=chunk) - Subsidiary Yidu Intelligent is a National High-tech Enterprise, focusing on precision structural parts for new energy vehicles, energy storage, security, and photovoltaic industries, holding **52 patents** (**7 invention patents**)[41](index=41&type=chunk) [III. Analysis of Main Business](index=12&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business revenue significantly decreased by **59.73%** year-on-year, primarily due to a **75.71% decline** in intelligent electromechanical products, leading to an overall **14.07% decrease** in gross profit margin - There were no significant changes in the company's profit structure or sources during the reporting period[43](index=43&type=chunk) Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 205,844,722.37 | 511,104,768.77 | -59.73% | Due to reduced business of Tongzhi Electromechanical | | Operating Cost | 164,291,358.58 | 336,006,496.76 | -51.10% | Same as above | | Selling Expenses | 5,165,176.85 | 7,121,270.99 | -27.47% | Same as above | | Administrative Expenses | 27,978,151.64 | 46,639,961.85 | -40.01% | Same as above | | Financial Expenses | -597,397.03 | -22,675,759.61 | Not Applicable | Due to decreased interest income | | R&D Investment | 29,983,993.82 | 81,727,085.89 | -63.31% | Due to reduced business of Tongzhi Electromechanical | | Net Cash Flow from Investing Activities | 123,894,746.94 | -308,466,382.26 | Not Applicable | Due to reduced purchase of wealth management products in current period | | Net Cash Flow from Financing Activities | 0.00 | -113,123,089.80 | Not Applicable | Due to no profit distribution in current period | Operating Revenue Composition (by Product and Region) | Category | Current Reporting Period Amount (RMB) | Proportion of Operating Revenue | Prior Year Period Amount (RMB) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **By Product** | | | | | | | Intelligent Electromechanical Products | 92,753,290.32 | 45.06% | 381,781,857.53 | 74.70% | -75.71% | | New Energy Products | 93,517,855.54 | 45.43% | 114,859,321.56 | 22.47% | -18.58% | | Other | 19,573,576.51 | 9.51% | 14,463,589.68 | 2.83% | 35.33% | | **By Region** | | | | | | | Domestic | 198,278,845.19 | 96.33% | 505,290,045.21 | 98.86% | -60.76% | | International | 7,565,877.18 | 3.67% | 5,814,723.56 | 1.14% | 29.90% | Changes in Gross Profit Margin of Main Business | Category | Operating Revenue | Operating Cost | Gross Profit Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Profit Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Industrial | 205,844,722.37 | 164,291,358.58 | 20.19% | -59.73% | -51.10% | -14.07% | | Intelligent Electromechanical Products | 92,753,290.32 | 71,438,083.84 | 22.98% | -75.71% | -67.71% | -19.06% | | New Energy Products | 93,517,855.54 | 89,620,048.61 | 4.17% | -18.58% | -13.81% | -5.30% | [IV. Analysis of Non-Core Business](index=13&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-core business primarily includes investment income of **RMB 3.33 million** and fair value change gains of **RMB 0.96 million**, mainly from financial asset disposals and fair value changes, which are not sustainable Non-Core Business Gains and Losses | Item | Amount (RMB) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 3,325,486.12 | -12.08% | Mainly gains from disposal of trading financial assets | No | | Fair Value Change Gains and Losses | 957,738.46 | -3.48% | Fair value changes of trading financial assets held during the reporting period | No | | Asset Impairment | -24,383.08 | 0.09% | Impairment of inventory | No | | Non-Operating Income | 20.00 | 0.00% | | No | | Non-Operating Expenses | 240,118.91 | -0.87% | Losses from disposal of non-current assets, etc | No | [V. Analysis of Assets and Liabilities](index=14&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, total assets were **RMB 3.35 billion**, a **4.00% decrease** from the prior year-end, with significant increases in construction in progress and **RMB 761 million** in financial assets measured at fair value Significant Changes in Asset Composition | Item | Amount at End of Current Period (RMB) | Proportion of Total Assets | Amount at End of Prior Year (RMB) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 288,677,888.63 | 8.61% | 254,176,483.95 | 7.28% | 1.33% | | | Accounts Receivable | 604,189,474.93 | 18.03% | 625,360,343.35 | 17.91% | 0.12% | | | Inventory | 732,051,601.92 | 21.84% | 682,309,275.87 | 19.54% | 2.30% | | | Fixed Assets | 662,254,752.68 | 19.76% | 675,899,584.07 | 19.36% | 0.40% | | | Construction in Progress | 8,406,194.69 | 0.25% | 260,176.99 | 0.01% | 0.24% | Due to increased equipment awaiting installation | | Contract Liabilities | 414,782,289.86 | 12.38% | 417,408,961.82 | 11.96% | 0.42% | | - The company had no significant overseas assets during the reporting period[50](index=50&type=chunk) Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (RMB) | Fair Value Change Gains/Losses in Current Period (RMB) | Amount Purchased in Current Period (RMB) | Amount Sold in Current Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | | Structured deposits and other bank wealth management products | 854,368,272.98 | -2,410,534.52 | 1,126,000,000.00 | 1,251,000,000.00 | 726,957,738.46 | | Receivables Financing | 35,377,349.37 | 0.00 | 0.00 | 0.00 | 33,774,283.36 | | **Total Above** | **889,745,622.35** | **-2,410,534.52** | **1,126,000,000.00** | **1,251,000,000.00** | **760,732,021.82** | Asset Restrictions as of the End of the Reporting Period | Item | Book Value as of June 30, 2025 (RMB) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 20,791,056.44 | Margin for bank acceptance bills and letters of credit | | Notes Receivable | 7,089,596.18 | Pledged notes | | Trading Financial Assets | 220,000,000.00 | Frozen | | **Total** | **247,880,652.62** | — | [VI. Analysis of Investment Status](index=16&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company's investment amount for the reporting period was **RMB 5.17 million**, a significant increase from the prior year, with no securities, derivatives, or raised capital investments Investment Amount During the Reporting Period | Investment Amount in Current Period (RMB) | Investment Amount in Prior Year Period (RMB) | Change Percentage | | :--- | :--- | :--- | | 5,166,600.00 | 0.00 | 100.00% | - The company had no securities investments, derivative investments, or use of raised funds during the reporting period[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk) [VII. Major Asset and Equity Sales](index=17&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not engage in any major asset or equity sales during the reporting period - The company did not sell any major assets during the reporting period[59](index=59&type=chunk) - The company did not sell any major equity during the reporting period[60](index=60&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=18&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) This section details the financial performance of key subsidiaries, with Tongzhi Electromechanical reporting losses and Yidu Intelligent achieving profitability, and notes the acquisition of Hefei Liangyuan Technology Co, Ltd Financial Performance of Major Subsidiaries | Company Name | Company Type | Main Business | Registered Capital (RMB) | Total Assets (RMB) | Net Assets (RMB) | Operating Revenue (RMB) | Operating Profit (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hefei Tongzhi Electromechanical Control Technology Co, Ltd | Subsidiary | Support power supplies, intelligent power distribution systems, etc | 683,880,000.00 | 1,692,469,144.45 | 830,545,042.93 | 16,217,329.12 | -34,778,338.20 | -36,015,971.49 | | Jiangsu Yidu Intelligent Special Equipment Co, Ltd | Subsidiary | New energy lightweight precision structural parts | 215,216,184.72 | 346,373,760.86 | 245,677,086.74 | 97,743,497.94 | 6,976,041.42 | 6,384,594.05 | - During the reporting period, the company acquired **100% equity** in Hefei Liangyuan Technology Co, Ltd for strategic reasons, which positively impacts the company's business[62](index=62&type=chunk) [IX. Structured Entities Controlled by the Company](index=18&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company did not control any structured entities during the reporting period - The company had no controlled structured entities during the reporting period[63](index=63&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=19&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces market competition, raw material price volatility, talent shortages, litigation and procurement bans for subsidiary Tongzhi Electromechanical, and special equipment pricing risks, addressed by R&D, supply chain optimization, and compliance - The company faces intensified market competition in the special equipment industry and risks of technological innovation and price reductions in the civilian product sector, addressed by continuous R&D investment and enhanced technological innovation capabilities[64](index=64&type=chunk) - Risks of raw material price fluctuations and insufficient supply will be managed through market forecasting, centralized procurement, and cost reduction via technological innovation[64](index=64&type=chunk) - Talent shortage risks will be addressed by strengthening internal talent development, recruiting external professionals, and improving incentive mechanisms[64](index=64&type=chunk) - Subsidiary Tongzhi Electromechanical was banned from military equipment procurement for **36 months** due to violations and is being prosecuted for alleged corporate bribery; the company is actively monitoring progress, implementing compliance rectifications, and adjusting business models to mitigate impacts[65](index=65&type=chunk) - Special equipment pricing risks may lead to operating performance fluctuations, which the company will mitigate by enhancing product technological content, strengthening basic research, expanding sales, and improving digital construction to increase risk resilience[65](index=65&type=chunk) [XI. Implementation of Market Value Management System and Valuation Enhancement Plan](index=19&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company did not formulate a market value management system or disclose a valuation enhancement plan during the reporting period - The company did not formulate a market value management system during the reporting period[66](index=66&type=chunk) - The company did not disclose a valuation enhancement plan during the reporting period[66](index=66&type=chunk) [XII. Implementation of the 'Dual Improvement in Quality and Returns' Action Plan](index=19&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%22%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%22%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company did not disclose any announcement regarding the "Dual Improvement in Quality and Returns" action plan during the reporting period - The company did not disclose any announcement regarding the "Dual Improvement in Quality and Returns" action plan during the reporting period[66](index=66&type=chunk) Part IV Corporate Governance, Environment and Society [I. Changes in Directors, Supervisors, and Senior Management](index=20&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, Chen Youchun was elected as an independent director and Yao Jia as a supervisor, while Zhang Yongjun and Li Chunyan departed due to term expiration Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Chen Youchun | Independent Director | Elected | May 16, 2025 | Re-election | | Yao Jia | Supervisor | Elected | May 16, 2025 | Re-election | | Zhang Yongjun | Independent Director | Term Expired | May 16, 2025 | Re-election | | Li Chunyan | Supervisor | Term Expired | May 16, 2025 | Re-election | [II. Profit Distribution and Capital Reserve Conversion to Share Capital in Current Period](index=20&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[69](index=69&type=chunk) [III. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=20&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place or implemented 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[70](index=70&type=chunk) [IV. Environmental Information Disclosure](index=20&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and its major subsidiary, Jiangsu Yidu Intelligent Special Equipment Co, Ltd, are included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiary, Jiangsu Yidu Intelligent Special Equipment Co, Ltd, are included in the list of enterprises required to disclose environmental information by law[71](index=71&type=chunk) [V. Social Responsibility](index=20&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills its social responsibilities by protecting stakeholder rights, prioritizing environmental protection, promoting sustainable development, and engaging in charitable donations [(I) Shareholder Rights Protection](index=20&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E8%82%A1%E4%B8%9C%E6%9D%83%E7%9B%8A%E4%BF%9D%E6%8A%A4) The company protects shareholder rights through robust governance, standardized operations, enhanced information disclosure, and proactive investor relations management - The company improves its governance structure, standardizes operations, strengthens information disclosure management and investor relations management to protect the legitimate rights and interests of all shareholders[72](index=72&type=chunk) - The company actively organizes training for directors, supervisors, and senior management to enhance their awareness of standardized operations and management[72](index=72&type=chunk) - In the first half of 2025, the company strictly prepared and disclosed the 2024 annual report, 2025 first-quarter report, and 21 interim announcements as required, ensuring the right to information for small and medium shareholders[74](index=74&type=chunk) [(II) Employee Rights Protection](index=21&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E8%81%8C%E5%B7%A5%E6%9D%83%E7%9B%8A%E4%BF%9D%E6%8A%A4) The company prioritizes employee rights, ensuring timely wage payments, regulated overtime, occupational safety, and professional development through training and cultural activities - The company sets employee salary levels in line with local policies and market conditions, pays wages on time monthly, regulates overtime, and strictly pays overtime wages[75](index=75&type=chunk) - The company invests in adding and installing protective equipment and facilities at production sites, and strengthens training on employee occupational safety and health[75](index=75&type=chunk) - The company annually invites experts to give lectures, organizes skill training for grassroots employees, management training for grassroots managers, and outdoor training for new university graduates, while also organizing public welfare social events and cultural/sports competitions to enrich employee life[75](index=75&type=chunk) [(III) Supplier and Customer Rights Protection](index=21&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E4%BE%9B%E5%BA%94%E5%95%86%E5%8F%8A%E5%AE%A2%E6%88%B7%E6%9D%83%E7%9B%8A%E4%BF%9D%E6%8A%A4) The company upholds principles of honesty, fairness, and mutual trust, respecting the legitimate rights of suppliers, customers, and creditors, thereby fostering a positive corporate image - The company adheres to principles of honesty, trustworthiness, fairness, and impartiality, fully respecting the legitimate rights and interests of suppliers, customers, creditors, and other stakeholders[76](index=76&type=chunk) - The company actively builds and develops mutually trusting cooperative relationships with upstream suppliers and downstream customers, establishing a positive corporate image[76](index=76&type=chunk) [(IV) Environmental Protection and Sustainable Development](index=21&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%E7%8E%AF%E5%A2%83%E4%BF%9D%E6%8A%A4%E4%B8%8E%E5%8F%AF%E6%8C%81%E7%BB%AD%E5%8F%91%E5%B1%95) The company prioritizes environmental protection, energy conservation, and emission reduction, adhering to ISO quality and environmental systems, and continuously improving processes to minimize waste and energy consumption - The company highly values environmental protection, consistently implements environmental protection and energy-saving measures, and enhances environmental awareness among all employees[77](index=77&type=chunk) - The company strictly adheres to ISO9001 quality and ISO45001 environmental systems in raw material procurement, production, quality control, warehousing, and sales, implementing effective comprehensive treatment for wastewater and exhaust gas[77](index=77&type=chunk) - The company strives to minimize waste and energy consumption by improving and innovating production processes and selecting new materials[77](index=77&type=chunk) [(V) Other Social Responsibility Initiatives](index=22&type=section&id=%EF%BC%88%E4%BA%94%EF%BC%89%E5%85%B6%E4%BB%96%E5%B1%A5%E8%A1%8C%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) In the first half of 2025, the company and its subsidiaries actively participated in public welfare donations and will continue to balance social responsibility with corporate development - In the first half of 2025, the company and its subsidiaries actively participated in various public welfare donation activities[79](index=79&type=chunk) - The company will continue to prioritize corporate social responsibility alongside corporate development, striving for harmonious development between the enterprise and society in the future[79](index=79&type=chunk) Part V Significant Matters [I. Commitments Fulfilled and Overdue Unfulfilled by Controlling Shareholder, Actual Controller, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=22&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company reported no fulfilled or overdue unfulfilled commitments by its actual controller, shareholders, related parties, acquirers, or the company itself during the reporting period - The company reported no fulfilled or overdue unfulfilled commitments by its actual controller, shareholders, related parties, acquirers, or the company itself during and as of the end of the reporting period[81](index=81&type=chunk) [II. Non-Operating Fund Occupation by Controlling Shareholder and Other Related Parties](index=22&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) The company reported no non-operating fund occupation by its controlling shareholder or other related parties during the reporting period - The company reported no non-operating fund occupation by its controlling shareholder or other related parties during the reporting period[82](index=82&type=chunk) [III. Irregular External Guarantees](index=22&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[83](index=83&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=22&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[84](index=84&type=chunk) [V. Board of Directors' and Supervisory Board's Explanation of 'Non-Standard Audit Report' for Current Period](index=22&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) As there was no non-standard audit report for the current period, the Board of Directors and Supervisory Board have no explanation to provide [VI. Board of Directors' Explanation of 'Non-Standard Audit Report' for Prior Year](index=22&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) As there was no non-standard audit report for the prior year, the Board of Directors has no explanation to provide [VII. Bankruptcy and Reorganization Matters](index=22&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company did not experience any bankruptcy or reorganization matters during the reporting period - The company did not experience any bankruptcy or reorganization matters during the reporting period[85](index=85&type=chunk) [VIII. Litigation Matters](index=23&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) Subsidiary Tongzhi Electromechanical is involved in a corporate bribery lawsuit with uncertain impacts on future profits, alongside other ongoing litigation as both plaintiff and defendant - Subsidiary Tongzhi Electromechanical is being prosecuted by a procuratorate for alleged corporate bribery; the case has not yet been heard, and its impact on the company's current or future profits cannot be accurately estimated[86](index=86&type=chunk) - Other lawsuits where the company and its subsidiaries are plaintiffs involve **RMB 19.09 million**, with partial bad debt provisions already made[86](index=86&type=chunk) - Other lawsuits where the company and its subsidiaries are defendants involve **RMB 10.82 million** and are currently ongoing[86](index=86&type=chunk) [IX. Penalties and Rectifications](index=23&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company reported no penalties or rectification situations during the reporting period - The company reported no penalties or rectification situations during the reporting period[87](index=87&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=23&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) The company and its controlling shareholder maintain good integrity, with no unfulfilled court judgments or significant overdue debts - The company and its controlling shareholder maintain good integrity, with no unfulfilled effective court judgments or significant overdue debts[88](index=88&type=chunk) [XI. Significant Related Party Transactions](index=24&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in routine related party transactions for property leasing, utility sales, and product procurement/sales, but no other major related party transactions occurred Related Party Transactions Related to Daily Operations | Related Party | Related Party Relationship | Related Transaction Type | Related Transaction Content | Amount (RMB 10,000) | Proportion of Similar Transactions | | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangsu Shenghai Intelligent Technology Co, Ltd | Enterprise with significant influence from key management personnel | Property Lease | Company leases property to Shenghai Intelligent | 41.08 | 5.56% | | Jiangsu Shenghai Intelligent Technology Co, Ltd | Enterprise with significant influence from key management personnel | Sale of Utilities | Company charges Shenghai Intelligent for utilities | 4.16 | 1.35% | | Jiangsu Shenghai Intelligent Technology Co, Ltd | Enterprise with significant influence from key management personnel | Purchase of Goods | Subsidiary Yidu Intelligent purchases products and services from Shenghai Intelligent | 21.4 | 0.25% | | Jiangsu Shenghai Intelligent Technology Co, Ltd | Enterprise with significant influence from key management personnel | Sale of Goods | Subsidiary Yidu Intelligent sells vehicle frames, shells, and services to Shenghai Intelligent | 23 | 0.16% | | Hefei Ruby Venture Capital Co, Ltd | Other enterprises controlled by key investor individuals | Property Lease | Subsidiary Hefei Tongzhi leases property from Ruby | 75.31 | 29.50% | | **Total** | | | | **164.95** | | - The company had no related party transactions involving asset or equity acquisition/disposal during the reporting period[92](index=92&type=chunk) - The company had no related party transactions involving joint external investments during the reporting period[93](index=93&type=chunk) - The company had no related party creditor-debtor relationships during the reporting period[94](index=94&type=chunk) - There were no deposits, loans, credit lines, or other financial transactions between the company's related financial companies and related parties[95](index=95&type=chunk)[97](index=97&type=chunk) - The company had no other significant related party transactions during the reporting period[98](index=98&type=chunk) [XII. Significant Contracts and Their Performance](index=27&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company leased out factory buildings and offices and engaged in wealth management, but had no other significant contracts such as trusteeship, contracting, or major guarantees - The company had no trusteeship arrangements during the reporting period[99](index=99&type=chunk) - The company had no contracting arrangements during the reporting period[100](index=100&type=chunk) - As of the balance sheet date, the company had **59,245.85 square meters** of factory buildings and offices leased out for operations, generating rental income[101](index=101&type=chunk) - The company had no significant guarantee situations during the reporting period[102](index=102&type=chunk) Wealth Management Status | Specific Type | Source of Wealth Management Funds | Amount of Wealth Management Transactions (RMB 10,000) | Unmatured Balance (RMB 10,000) | Overdue Unrecovered Amount (RMB 10,000) | Impairment Amount for Overdue Unrecovered Wealth Management (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 85,100 | 72,600 | 0 | 0 | | **Total** | | **85,100** | **72,600** | **0** | **0** | - The company had no other significant contracts during the reporting period[105](index=105&type=chunk) [XIII. Explanation of Other Significant Matters](index=28&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company reported no other significant matters requiring explanation during the reporting period - The company reported no other significant matters requiring explanation during the reporting period[106](index=106&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=28&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) Subsidiary Tongzhi Electromechanical faces a 36-month ban from military procurement and a corporate bribery lawsuit; the company is actively responding with compliance rectifications and business model adjustments - Subsidiary Tongzhi Electromechanical is prohibited from participating in military equipment procurement activities for **36 months** starting June 16, 2025, due to violations[107](index=107&type=chunk) - The company has instructed Tongzhi Electromechanical to conduct self-inspection and correction, strengthen internal management, adjust its management team, enhance compliance training, and modify its business model to mitigate losses and impacts[107](index=107&type=chunk) - The former legal representative of subsidiary Tongzhi Electromechanical and Tongzhi Electromechanical itself are facing criminal prosecution for alleged corporate bribery; the case has not yet been heard, and its impact on the company's current or future profits cannot be accurately estimated[107](index=107&type=chunk) Part VI Share Changes and Shareholder Information [I. Share Change Status](index=29&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital remained unchanged, but limited and unlimited outstanding shares were slightly adjusted due to the re-election of the Board and Supervisory Board Share Change Status | Share Type | Quantity Before Change | Proportion Before Change | Change (＋, －) Subtotal | Quantity After Change | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 7,637,872.00 | 0.68% | 7,565.00 | 7,645,437.00 | 0.68% | | II. Unrestricted Shares | 1,118,793,026.00 | 99.32% | -7,565.00 | 1,118,785,461.00 | 99.32% | | III. Total Shares | 1,126,430,898.00 | 100.00% | 0.00 | 1,126,430,898.00 | 100.00% | - The share change was due to the company's Board of Directors and Supervisory Board re-election on May 16, 2025, where **7,565 shares** held by former supervisors were converted from unrestricted to restricted shares[109](index=109&type=chunk) [II. Securities Issuance and Listing](index=30&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company had no securities issuance or listing activities during the reporting period - The company had no securities issuance or listing activities during the reporting period[111](index=111&type=chunk) [III. Number of Shareholders and Shareholding Status](index=30&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the reporting period end, the company had **95,530 common shareholders**, with controlling shareholder Yinhe Electronics Group Investment Co, Ltd holding **21.68%** of shares, some of which are pledged - The total number of common shareholders at the end of the reporting period was **95,530**[112](index=112&type=chunk) Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at End of Reporting Period | Number of Restricted Shares Held | Number of Unrestricted Shares Held | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Yinhe Electronics Group Investment Co, Ltd | Domestic Non-State-Owned Legal Person | 21.68% | 244,184,601 | 0 | 244,184,601 | Pledged 116,500,000 | | Zhang Hong | Domestic Natural Person | 8.74% | 98,467,868 | 0 | 98,467,868 | Not Applicable | | Zhang Shuhua | Domestic Natural Person | 2.41% | 27,197,430 | 0 | 27,197,430 | Not Applicable | | Caida Securities Co, Ltd | Domestic Non-State-Owned Legal Person | 1.17% | 13,199,931 | 0 | 13,199,931 | Not Applicable | | Yang Xiaoling | Domestic Natural Person | 0.87% | 9,807,691 | 0 | 9,807,691 | Not Applicable | | Caida Securities - Minsheng Bank - Caida Securities Growth No. 6 Collective Asset Management Plan | Other | 0.71% | 7,976,800 | 0 | 7,976,800 | Not Applicable | | Gu Gexin | Domestic Natural Person | 0.43% | 4,845,000 | 3,633,750 | 1,211,250 | Not Applicable | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 0.40% | 4,559,538 | 0 | 4,559,538 | Not Applicable | | Zhu Xingfa | Domestic Natural Person | 0.40% | 4,480,995 | 0 | 4,480,995 | Not Applicable | | Shanghai Chunda Asset Management Co, Ltd - Chunda Sapphire No. 3 Private Securities Investment Fund | Other | 0.39% | 4,340,000 | 0 | 4,340,000 | Not Applicable | - Zhang Hong and Zhang Shuhua are siblings, and Zhang Hong and Yang Xiaoling are a married couple[114](index=114&type=chunk) [IV. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=32&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period, as detailed in the 2024 annual report - The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period, as detailed in the 2024 annual report[116](index=116&type=chunk) [V. Changes in Controlling Shareholder or Actual Controller](index=32&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[117](index=117&type=chunk) - The company's actual controller remained unchanged during the reporting period[117](index=117&type=chunk) [VI. Preferred Share Information](index=32&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[118](index=118&type=chunk) Part VII Bond-Related Information [Part VII Bond-Related Information](index=32&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[120](index=120&type=chunk) Part VIII Financial Report [I. Audit Report](index=33&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[122](index=122&type=chunk) [II. Financial Statements](index=33&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's 2025 semi-annual consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity [1. Consolidated Balance Sheet](index=33&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, consolidated total assets were **RMB 3.35 billion**, slightly down from the beginning of the period, with changes in current assets and liabilities Key Data from Consolidated Balance Sheet | Item | Ending Balance (RMB) | Beginning Balance (R

银河电子公告，2025年上半年营业收入2.06亿元，同比下降59.73%。归属于上市公司股东的净亏损 2881.68万元，上年同期净利润1.36亿元。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

证券之星消息，8月8日地面兵装板块较上一交易日下跌0.48%，北方长龙领跌。当日上证指数报收于 3635.13，下跌0.12%。深证成指报收于11128.67，下跌0.26%。地面兵装板块个股涨跌见下表： 从资金流向上来看，当日地面兵装板块主力资金净流出13.75亿元，游资资金净流入1.37亿元，散户资金 净流入12.38亿元。地面兵装板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600184 | 光电股份 | 2.81 Z | 20.37% | -1.51 Z | -10.92% | -1.30 Z | -9.44% | | 002519 银河电子 | | 2437.30万 | 4.36% | -1923.22万 | -3.44% | -514.08万 | -0.92% | | 000576 甘化科工 | | 540.12万 | 1.63% | 50.90万 | C 0.15% | - ...

公司经营业绩层面，2024年北方导航业绩大幅下滑，与CFO薪酬飙升形成刺目对比。财务数据显示，北 方导航实现营业收入27.48亿元，同比下降22.9%，净利润0.59亿元，同比下降69.3%。 捷强装备CFO纪滋强薪酬最低，年薪47.22万元，比行业平均薪酬低43.12%；上年薪酬为38.29 万元，同 比增长23.3%。公司经营业绩层面，捷强装备实现营业收入1.38亿元，同比下降52.8%，净利润-2.78亿 元，同比下降309.8%。 中兵红箭CFO赵德良薪酬降幅最大，年薪79.40万元，上年为90.40万元，同比下降12.2%。 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 分行业来看，地面兵装行业CFO薪酬总额747.19万元，平均薪酬83.02万元，同比增长23.61%。 按学历来看，地面兵装行业CFO学历以本科为主，占比50%，其次为硕士 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 601606 | 长城军工 | 51.68 | 10.00% | 132.50万 | | 66.53亿 | | 300875 | 捷强装备 | 61.72 | 6.30% | 27.82万 | | 17.18亿 | | 000576 | 目化科工 | 12.77 | 4.76% | 46.25万 | | 5.75亿 | | 301357 | 北方长龙 | 66'651 | 1.32% | 16.92万 | | 26.80亿 | | 300527 | ST应急 | 9.44 | 0.00% | 64.41万 | | 6.02亿 | | 600967 | 内蒙—机 | 23.65 | -0.04% | 199.73万 | | 46.85 Z | | 002519 | 银河电子 | 5.44 | -1.09% | 96.49万 | | 5.25亿 | | 300922 | 天奏装备 | 31.55 | -1.53% | 16.15万 | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002519 证券简称：银河电子 公告编号：2025-025 江苏银河电子股份有限公司 关于控股股东增持公司股份计划实施完成的公告 银河电子集团投资有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 1、江苏银河电子股份有限公司（以下简称"公司"）于2025年2月6日披露了《关于控股股东增持公司股 份计划的公告》（公告编号2025-002），公司控股股东银河电子集团投资有限公司（以下简称"银河电 子集团"）计划自2025年2月6日起6个月内，以不低于2,000万元人民币且不超过4,000万元人民币，通过 深圳证券交易所交易系统集中竞价交易方式，增持公司股份。 二、其他相关说明 1、本次增持计划符合《公司法》、《证券法》、《上市公司收购管理办法》、《深圳证券交易所上市 公司自律监管指引第1号一一主板上市公司规范运作》以及《深圳证券交易所上市公司自律监管指引第 10号一一股份变动管理》等法律法规、部门规章及规范性文件的规定。增持主体 ...

证券代码：002519 证券简称：银河电子 公告编号：2025-025 江苏银河电子股份有限公司 银河电子集团投资有限公司保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 露了《关于控股股东增持公司股份计划的公告》（公告编号 2025-002），公司 控股股东银河电子集团投资有限公司（以下简称"银河电子集团"）计划自 2025 年 2 月 6 日起 6 个月内，以不低于 2,000 万元人民币且不超过 4,000 万元人民币， 通过深圳证券交易所交易系统集中竞价交易方式，增持公司股份。 中竞价交易方式累计增持公司股份 4,764,200 股，占公司总股本的 0.423%，增 持金额合计为人民币 20,000,292.00 元（不含交易费用）。 公司于近日收到银河电子集团出具的《关于增持计划实施完成的告知函》， 根据《深圳证券交易所上市公司自律监管指引第 10 号——股份变动管理》等有 关规定，现将具体情况公告如下： 一、增持计划实施情况 截至本公告披露日，本次增持计划实施期限已届满。银河电子集 ...