2025年8月21日，星帅尔(002860.SZ)发布2025年中报。 公司营业总收入为11.32亿元。归母净利润为1.22亿元。经营活动现金净流入为9868.72万元。 公司最新资产负债率为37.45%，较上季度资产负债率增加0.35个百分点。 公司最新毛利率为17.36%，较上季度毛利率减少2.96个百分点，较去年同期毛利率减少0.29个百分点。最新ROE为5.49%。 公司摊薄每股收益为0.37元。 公司最新总资产周转率为0.32次。最新存货周转率为2.70次。 公司股东户数为1.88万户，前十大股东持股数量为1.54亿股，占总股本比例为42.83%，前十大股东持股情况如下： | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 陈丽娟 | 23.7 | | 2 | 杭州富阳星帅尔股权投资有限公司 | 10.8 | | 3 | 钱凌 | 1.40 | | 4 | 张坚 | 1.36 | | 5 | 江苏兆信私募基金管理有限公司-兆信集合1号私募证券投资基金 | 1.33 | | 6 | 孙华民 | 1.02 | | 7 | 交通银行股份有限公司-国泰金鹰增长灵活配置混 ...

Company Performance - In the first half of 2025, the company achieved operating revenue of 1.132 billion yuan, a year-on-year increase of 8.59% [1] - The net profit attributable to shareholders reached 122 million yuan, reflecting a year-on-year growth of 31.79% [1] - The net cash flow from operating activities was 98.69 million yuan, showing a significant increase of 306.91% year-on-year [1] - Basic earnings per share stood at 0.37 yuan [1] Shareholder Composition - In the second quarter of 2025, institutional investors significantly increased their presence, with five institutions, including Guotai Junan, becoming new shareholders [1] - At the end of the first quarter, the only shareholders were two private equity funds [1] Product Segmentation - Revenue from compressors and small appliance components (refrigerators, freezers, air conditioners) was 392 million yuan, a decrease of 9.89% year-on-year [1] - Revenue from optical communication and sensor components was 16.62 million yuan, an increase of 10.95% year-on-year [1] - Revenue from motors for food waste disposers, electric vehicles, and clean water pumps was 111 million yuan, up 16.95% year-on-year [1] - Solar photovoltaic components generated revenue of 549 million yuan, reflecting a year-on-year increase of 14.74% [1] - Other businesses achieved revenue of 64.42 million yuan, a substantial increase of 222.06% year-on-year [1] Industry Context - The Chinese home appliance market saw steady growth in the first half of 2025, with retail sales reaching 453.7 billion yuan, a year-on-year increase of 9.2% [2] - The company holds a leading market share in key components for home appliances, covering major compressor manufacturers domestically and internationally [2] Electric Motor Business - The demand for electric motors is increasing due to the rise of automation in industrial sectors and smart home technologies [2] - The subsidiary, Zhejiang Special Electric Motor Co., focuses on the research, production, and sales of small and micro electric motors, serving various industries [2] Military and Certification Achievements - Zhejiang Special Electric Motor Co. has obtained qualifications for military equipment production, enhancing its competitiveness and ability to expand into military business [3] Renewable Energy Initiatives - The company is focusing on technological innovation and product upgrades in the photovoltaic sector to improve its market position [3] - The company and its subsidiaries have completed rooftop solar power stations, generating approximately 2.42 GWh of electricity in the first half of 2025 [3] - The company aims to align its renewable energy strategies with national green industry directives for long-term sustainable development [3]

Group 1 - Weicai Technology achieved a net profit of 101 million yuan in the first half of 2025, a year-on-year increase of 831.03% [1] - The company reported an operating income of 634 million yuan, up 47.53% year-on-year, with a basic earnings per share of 0.68 yuan [1] - Weicai Technology specializes in wafer testing, chip finished product testing, and related integrated circuit testing services [1] Group 2 - Changhua Group received a project development notification from a domestic automotive company, with an expected total sales amount of approximately 190 million yuan over an 8-year lifecycle [2] - The project is set to begin mass production in the third quarter of 2026 [2] - Changhua Group focuses on the research, production, and sales of automotive metal components [2][3] Group 3 - Junhe Co. reported a net profit of 30.99 million yuan in the first half of 2025, a year-on-year decrease of 19.53% [3] - The company achieved an operating income of 578 million yuan, up 5.53% year-on-year, with a basic earnings per share of 0.08 yuan [3][4] - Junhe Co. specializes in the research, design, manufacturing, and sales of household water pumps and their accessories [4] Group 4 - Tonghua Jinma reported a net profit of 16.80 million yuan in the first half of 2025, a year-on-year increase of 34.77% [5] - The company achieved an operating income of 650 million yuan, a slight increase of 0.12% year-on-year, with a basic earnings per share of 0.0174 yuan [5] - Tonghua Jinma focuses on the research, production, and sales of pharmaceutical products [5][6] Group 5 - Xing Shuai reported a net profit of 122 million yuan in the first half of 2025, a year-on-year increase of 31.79% [8] - The company achieved an operating income of 1.132 billion yuan, up 8.59% year-on-year, with a basic earnings per share of 0.37 yuan [8] - Xing Shuai specializes in the research, production, and sales of various types of refrigeration compressor thermal protectors, starters, and temperature controllers [8] Group 6 - Ice Wheel Environment reported a net profit of 266 million yuan in the first half of 2025, a year-on-year decrease of 19.71% [9] - The company achieved an operating income of 3.118 billion yuan, down 6.92% year-on-year, with a basic earnings per share of 0.27 yuan [9] - Ice Wheel Environment focuses on the research, design, and sales of artificial environment control technology and energy comprehensive utilization technology [9][10] Group 7 - Jiangsu Huachen reported a net profit of 47.27 million yuan in the first half of 2025, a year-on-year increase of 18.37% [18] - The company achieved an operating income of 938 million yuan, up 40.46% year-on-year, with a basic earnings per share of 0.2901 yuan [18] - Jiangsu Huachen specializes in the research, production, and sales of energy-saving transformers and smart electrical equipment [18] Group 8 - Hanma Technology reported a net profit of 27.73 million yuan in the first half of 2025, reversing from a loss of 153 million yuan in the same period last year [18] - The company achieved an operating income of 2.847 billion yuan, a year-on-year increase of 50.03% [18] - Hanma Technology focuses on the production, research, and sales of heavy trucks, special vehicles, and automotive components [18] Group 9 - Tianyue Advanced announced the listing of its H-shares on the Hong Kong Stock Exchange, raising approximately 1.938 billion HKD [19] - The global offering consisted of 47.7457 million shares, with a price of 42.80 HKD per share [19] - Tianyue Advanced specializes in the research, production, and sales of silicon carbide semiconductor materials [19][20] Group 10 - Kesi Technology signed a sales framework contract worth up to 401 million yuan with Beijing Tianyuan Innovation Technology Co., Ltd. [21] - The contract is valid for two years and involves a comprehensive information integration service project [21] - Kesi Technology focuses on the research, development, manufacturing, and sales of electronic information equipment [21][22]

经济观察网 2025年8月20日，星帅尔(002860)发布2025年半年度报告，2025年上半年实现营业收入11.32 亿元，同比增长8.59%；实现净利润1.22亿元，同比增长31.79%；基本每股收益0.37元；加权平均净资 产收益率ROE为5.99%。 ...

Group 1 - The company Xing Shuai Er (SZ 002860) held its 22nd meeting of the fifth board of directors on August 19, 2025, to review the proposal for amending the company's articles of association [1] - For the first half of 2025, the company's revenue composition was as follows: 48.44% from the photovoltaic industry, 36.09% from the white goods industry, 9.78% from the motor industry, and 5.69% from other industries [1] - As of the report date, the market capitalization of Xing Shuai Er was 5.3 billion yuan [1]

智通财经APP讯，星帅尔(002860.SZ)发布2025年半年度报告，报告期内，公司实现营业收入11.32亿 元，同比增长8.59%。实现归属于上市公司股东的净利润1.22亿元，同比增长31.79%。实现归属于上市 公司股东的扣除非经常性损益的净利润1.1亿元，同比增长25.96%。基本每股收益0.37元。 ...

杭州星帅尔电器股份有限公司 2025 年半年度财务报告 杭州星帅尔电器股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 杭州星帅尔电器股份有限公司 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 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 422,144,508.91 | 589,098,301.40 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 699,495,407.62 | 675,884,800.90 | | 衍生金融资产 | | | | 应收票据 | 272,050,304.33 | 280,014,807.54 | | 应收账款 | 808,853,073.87 | 739,104,178.74 | | 应收款项融资 | 150,917,061.20 | 27,955,992.42 | | 预付款项 | 22,162,420.01 | 4,474,956 ...

杭州星帅尔电器股份有限公司 防范大股东及关联方占用公司资金专项制度 第一章 总则 第一条 为进一步加强和规范杭州星帅尔电器股份有限公司（以下简称"公司"）的资 金管理，防止和杜绝大股东及关联方占用公司资金行为的发生，保护公司、股东和其他利 益相关者的合法权益，根据《公司法》《证券法》《深圳证券交易所股票上市规则》《深圳 证券交易所上市公司自律监管指引第 1 号-主板上市公司规范运作》（以下简称"《规范运 作》"）及《公司章程》的有关规定，结合公司实际，特制订本制度。 第二条 本制度适用于公司大股东、实际控制人及关联方与公司间的资金管理。公司 大股东、实际控制人及关联方与纳入公司合并会计报表范围的子公司之间的资金往来适用 本制度。 本制度所称"关联方"是指根据财政部发布的《企业会计准则》第 36 号《关联方披 露》所界定的关联方。即，一方控制、共同控制另一方或对另一方施加重大影响，以及两 个或两个以上同受一方控制、共同控制或重大影响的，构成关联方。 第三条 本制度所称"占用上市公司资金"（以下简称"资金占用"），包括但不限于以 下方式： （一）经营性资金占用：是指公司大股东及关联方通过采购、销售等生产经营环节的 ...

杭州星帅尔电器股份有限公司 投资者接待和推广制度 第一章总则 第一条 为贯彻证券市场公开、公平、公正原则,规范杭州星帅尔电器股份有限公司(以下 简称"公司")接待和推广的行为和管理,加强公司与投资者和潜在投资者(以下统称"投资者") 之间的交流和沟通,改善公司治理,根据《中华人民共和国公司法》《中华人民共和国证券法》 等法律法规和中国证监会、深圳证券交易所相关文件以及《公司章程》的规定,结合公司实际 情况,制定本制度。 第二条 本制度所述的接待和推广工作是指公司通过股东会、接受投资者调研、邮寄资料、 一对一沟通、现场参观、电话咨询、业绩说明会、分析师会议、投资者恳谈会和路演、新闻采 访等活动,加强公司与投资者之间沟通,增进投资者对公司了解的工作。 第三条 制定本制度的目的:规范公司接待和推广工作的行为,增加公司信息披露透明度及 公平性,提高公司透明度,改善公司治理结构,促进公司与投资者之间的良性关系,增进外界对 公司的了解和认知。 第四条 接待和推广的基本原则: 1、公平、公开、公正原则； 2、信息披露真实、准确、完整、及时原则； 3、保密原则； 4、高效率、低成本的原则； 5、国家法律法规及深圳证券交易所对 ...

附表： 2025年1-6月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：杭州星帅尔电器股份有限公司 金额单位：人民币万元 | | 黄山富乐新能源科技有 | 子公司 | 其他应收款 | 0.00 | 5,600.00 | - | 5,600.00 | 0.00 | 往来款 | 非经营性 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 限公司 | | | | | | | | | 往来 | | | 杭州星帅尔光伏科技有 | 子公司 | 其他应收款 | 39,625.62 | 23,400.00 | - | 23,900.00 | 39,125.62 | 往来款 | 非经营性 | | | 限公司 | | | | | | | | | 往来 | | | 杭州星帅尔特种电机科 | 子公司 | 其他应收款 | 0.10 | - | - | 0.10 | 0.00 | 往来款 | 非经营性 | | | 技研究有限公司 | | | | | | | | | 往来 | | 其他关联人及其 | - | - | - | - | ...