Core Viewpoint - Hengmingda (002947.SZ) reported a significant increase in both revenue and net profit for the first half of 2025, indicating strong business performance and growth potential [1] Financial Performance - The company achieved an operating income of 1.244 billion yuan, representing a year-on-year growth of 32.18% [1] - The net profit attributable to shareholders of the listed company was 234 million yuan, reflecting a year-on-year increase of 43.01% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 224 million yuan, showing a year-on-year growth of 38.88% [1] - Basic earnings per share were reported at 0.92 yuan [1]

证券代码：002947 证券简称：恒铭达 公告编号：2025-058 苏州恒铭达电子科技股份有限公司 第三届董事会第二十四次会议决议的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 一、董事会会议召开情况 苏州恒铭达电子科技股份有限公司（以下简称"公司"）第三届董事会第二十四次会议 于 2025 年 8 月 20 日在公司会议室召开。本次董事会会议通知已于 2025 年 8 月 8 日发出。 会议以现场结合通讯方式召开并进行表决，由董事长荆世平先生主持，应出席董事 12 人， 实际出席董事 12 人。本次会议的召集、召开符合有关法律、行政法规、部门规章、规范性 文件和公司章程的规定。 二、董事会会议审议情况 （一）审议《关于2025年半年度报告全文及摘要的议案》 具体内容详见指定信息披露媒体和巨潮资讯网（www.cninfo.com.cn）。 表决结果：12票赞成，0票反对，0票弃权。 （二）审议《关于2025年半年度募集资金存放与实际使用情况的专项报告的议案》 具体内容详见指定信息披露媒体和巨潮资讯网（www.cninfo.com.cn）。 表决结果： ...

经与会独立董事审查，我们认为：公司编制的《2025 年半年度募集资金存放与实际使用情况 的专项报告》符合相关法律、法规的规定，真实、客观反映了公司 2025 年半年度募集资金实际存 放与使用情况，不存在募集资金存放和使用违规的情形，不存在改变或变相改变募集资金投向和损 害股东利益的情形。因此，我们同意将本议案提交公司董事会审议。 表决结果：同意 4 票，反对 0 票，弃权 0 票。 （二）审议《关于 2025 年半年度控股股东及其他关联方占用公司资金、公司对外担保情况的 专项说明》 会议决议 苏州恒铭达电子科技股份有限公司（以下简称"公司"）第三届董事会独立董事 2025 年第四 次专门会议于 2025 年 8 月 8 日以现场结合通讯方式召开。本次会议由独立董事毛基业先生主持， 应出席会议独立董事 4 人，实际出席会议独立董事 4 人，以表决票形式进行表决。会议的召开符合 《公司章程》和《独立董事工作制度》的规定，会议有效。 经与会独立董事审议，会议形成如下决议： （一）审议《2025 年半年度募集资金存放与实际使用情况的专项报告的议案》 苏州恒铭达电子科技股份有限公司 第三届董事会独立董事2025年第四次 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides essential information, outlines the report's structure, and defines key terms for clarity [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Supervisory Committee, and senior management guarantee the report's accuracy and completeness, detailing potential risks and the company's dividend policy - The company's Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, free from false records, misleading statements, or major omissions[5](index=5&type=chunk) - The company has thoroughly described risk factors that may adversely affect future development, detailed in "Section III Management Discussion and Analysis," "X. Risks Faced by the Company and Countermeasures"[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the current reporting period[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 nine main chapters and their corresponding page numbers, providing quick navigation for investors - The report comprises nine main chapters, covering company profile, management discussion and analysis, and financial reports[8](index=8&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including company names, subsidiaries, business types, key technologies, and relevant laws, ensuring clear understanding - Defines the Company, Hengmingda, and its wholly-owned subsidiaries (e.g., Huizhou Hengmingda, Hengshicheng, Shenzhen Huayangtong)[15](index=15&type=chunk) - Explains industry and business-related terms such as smart wearables, die-cutting, consumer electronics, and the "3R" principle[15](index=15&type=chunk) - Clarifies the controlling shareholder, actual controller, their concerted parties, and the time scope of the reporting period[15](index=15&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company's basic information and presents key financial data and performance metrics for the reporting period [Company Profile](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Suzhou Hengmingda Electronic Technology Co., Ltd., listed on the Shenzhen Stock Exchange under stock code 002947, is represented by Jing Tianping - Company stock abbreviation: Hengmingda, stock code: **002947**[17](index=17&type=chunk) - Company's listing exchange: Shenzhen Stock Exchange[17](index=17&type=chunk) - Company's legal representative: Jing Tianping[17](index=17&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=%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) During the reporting period, the company achieved significant growth in operating revenue and net profit attributable to shareholders, with a substantial increase in net cash flow from operating activities, while total assets and net assets attributable to shareholders slightly decreased Key Accounting Data and Financial Indicators (Year-on-Year) | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | Year-on-year change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,244,451,581.01 | 941,449,408.53 | 32.18% | | Net Profit Attributable to Shareholders of Listed Company | 234,324,103.02 | 163,851,750.25 | 43.01% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | 223,846,872.63 | 161,182,271.90 | 38.88% | | Net Cash Flow from Operating Activities | 574,135,034.99 | 365,637,873.63 | 57.02% | | Basic Earnings Per Share (RMB/share) | 0.92 | 0.72 | 27.78% | | Diluted Earnings Per Share (RMB/share) | 0.92 | 0.72 | 27.78% | | Weighted Average Return on Net Assets | 7.32% | 7.47% | -0.15% | Key Accounting Data and Financial Indicators (Period-End) | Indicator | End of Current Reporting Period (RMB) | End of Prior Year (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,805,152,194.33 | 3,958,683,616.29 | -3.88% | | Net Assets Attributable to Shareholders of Listed Company | 3,085,988,370.29 | 3,159,314,538.24 | -2.32% | [Non-recurring Gains and Losses Items and Amounts](index=7&type=section&id=%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 for the period amounted to RMB 10,477,230.39, primarily from wealth management income and government grants, offset by non-current asset disposal losses and reversals of asset impairment provisions Non-recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets | -417,786.96 | Primarily losses from disposal of non-current assets | | Government grants recognized in current profit or loss | 3,116,300.00 | | | Gains and losses from changes in fair value and disposal of financial assets and liabilities | -24,992.15 | | | Gains and losses from entrusted investments or asset management | 9,775,646.68 | Primarily cash management income | | Other non-operating income and expenses | -99,140.72 | | | Less: Income tax impact | 1,853,254.03 | | | Impact on minority interests (after tax) | 19,542.43 | | | **Total** | **10,477,230.39** | | [Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section analyzes the company's main business operations, core competencies, financial performance, investment activities, and risk factors during the reporting period [Principal Businesses Engaged in During the Reporting Period](index=9&type=section&id=%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, as a smart manufacturing solution provider for precision structural components, focuses on smart terminals, data communication & computing infrastructure, and new energy sectors, offering one-stop solutions from design to manufacturing, utilizing a "production-to-order" model, diversified procurement, and direct sales - The company specializes in providing intelligent manufacturing solutions for precision structural components to leading domestic and international clients, leveraging core process platforms such as precision die-cutting and precision metal processing[29](index=29&type=chunk) - The company focuses on three major strategic areas: smart terminals, data communication and computing infrastructure, and new energy[29](index=29&type=chunk) [Main Business Segments](index=9&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E9%83%A8%E5%88%86) The company provides precision flexible structural components for smart terminals, benefits from AI server demand in data communication and computing infrastructure, and supplies precision metal structural components for new energy applications - Smart Terminal Sector: The company's precision flexible structural components cover smart phones, AI PCs, laptops, and VR/AR smart wearables, benefiting from market opportunities brought by innovative products like AI phones, AI PCs, and foldable devices[31](index=31&type=chunk) - Data Communication and Computing Infrastructure Sector: The global AI server market is projected to grow to **USD 158.7 billion by 2025**, with an annual growth rate of **26.8%**, driving the company's precision metal structural components business[33](index=33&type=chunk) - New Energy Sector: Global solar PV new installed capacity and energy storage deployment are both experiencing rapid growth, with the company providing precision metal structural components for devices such as charging piles, commercial and industrial energy storage systems, and PV inverters[35](index=35&type=chunk) [Company's Main Operating Models](index=10&type=section&id=%E5%85%AC%E5%8F%B8%E7%9A%84%E4%B8%BB%E8%90%A5%E6%A8%A1%E5%BC%8F) The company operates on a "production-to-order" basis, with diversified procurement methods and a direct sales model, ensuring production aligns with customer demand and maintaining stable supplier relationships - Production Model: Production processes are arranged based on customer product demand forecasts and sales orders, i.e., "production-to-order"[36](index=36&type=chunk) - Procurement Model: Raw material procurement involves both customer-specified and independent purchasing, establishing stable cooperation with core suppliers[39](index=39&type=chunk) - Sales Model: Adopts a direct sales model, signing framework agreements with customers and proceeding with production, delivery, settlement, and collection based on purchase orders[40](index=40&type=chunk) [Core Competitiveness Analysis](index=11&type=section&id=%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 strengths include continuous R&D and innovation, diversified market strategies, efficient supply chain management, strong customer relationships, and an excellent management team with robust talent development - Technology R&D and Innovation Capability: The company has obtained multiple invention patents, utility model patents, and computer software copyrights, forming an independent intellectual property system[41](index=41&type=chunk) - Diversified Market Strategic Layout: Synergistic development across smart terminals, data communication and computing infrastructure, and new energy sectors, diversifying risks and opening new growth curves[42](index=42&type=chunk) - Efficient Supply Chain Management and Rapid Response Capability: Established a multi-regional production collaboration network (Kunshan, Huizhou, Vietnam) to flexibly adjust production pace[45](index=45&type=chunk) - High-Quality Customer Resources and Long-Term Cooperation: Established long-term stable strategic partnerships with leading industry brand customers, deeply participating in their cutting-edge product R&D[46](index=46&type=chunk) - Excellent Management Team and Talent Development Mechanism: The core management team is stable and experienced, building a talent pipeline through a combination of internal cultivation and external recruitment[47](index=47&type=chunk) [Main Business Analysis](index=12&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) During the reporting period, the company's operating revenue and cost both grew significantly due to increased business volume, with precision flexible structural components being the largest and fastest-growing revenue contributor, and overseas revenue accounting for over 60% and maintaining rapid growth Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | Year-on-year change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,244,451,581.01 | 941,449,408.53 | 32.18% | Primarily due to increased business volume in the current period | | Operating Cost | 858,727,132.73 | 659,630,963.44 | 30.18% | Primarily due to increased business volume in the current period | | Financial Expenses | -9,192,208.21 | -23,289,540.70 | 60.53% | Primarily due to foreign currency exchange rate fluctuations in the current period | | Net Cash Flow from Operating Activities | 574,135,034.99 | 365,637,873.63 | 57.02% | Primarily due to business growth and recovery of accounts receivable in the current period | Operating Revenue Composition (by Product) | Product | Amount Current Period (RMB) | Proportion of Operating Revenue (%) | Amount Prior Year Period (RMB) | Proportion of Operating Revenue (%) | Year-on-year change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Precision Flexible Structural Components | 1,031,039,943.56 | 82.85% | 743,915,803.59 | 79.02% | 38.60% | | Precision Metal Structural Components | 195,281,268.64 | 15.69% | 185,381,633.62 | 19.69% | 5.34% | Operating Revenue Composition (by Region) | Region | Amount Current Period (RMB) | Proportion of Operating Revenue (%) | Amount Prior Year Period (RMB) | Proportion of Operating Revenue (%) | Year-on-year change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Domestic | 415,479,874.67 | 33.39% | 338,788,771.56 | 35.99% | 22.64% | | Overseas | 828,971,706.34 | 66.61% | 602,660,636.97 | 64.01% | 37.55% | [Non-Core Business Analysis](index=14&type=section&id=%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's non-core businesses primarily include investment income, fair value change gains/losses, asset impairment, and credit impairment, with investment income mainly from cash management and credit impairment from bad debt provision reversals Non-Core Business Gains and Losses | Item | Amount (RMB) | Proportion of Total Profit (%) | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 9,775,646.68 | 3.54% | Primarily wealth management income from the company's cash management | No | | Gains and losses from changes in fair value | -24,992.15 | -0.01% | | No | | Asset Impairment | -10,435,200.98 | -3.78% | Primarily due to inventory depreciation provision | No | | Credit Impairment | 16,200,561.39 | 5.87% | Primarily due to reversal of bad debt provisions | No | [Analysis of Assets and Liabilities](index=14&type=section&id=%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, the company's cash and cash equivalents significantly increased, accounts receivable substantially decreased, fixed assets grew due to factory construction capitalization, while total assets and net assets slightly declined Significant Changes in Asset Composition | Item | Amount End of Current Period (RMB) | Proportion of Total Assets (%) | Amount End of Prior Year (RMB) | Proportion of Total Assets (%) | Change in Proportion (%) | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,112,871,166.27 | 29.25% | 600,788,518.28 | 15.18% | 14.07% | Primarily due to recovery of payments and maturity of cash management products in the current period | | Accounts Receivable | 914,708,855.90 | 24.04% | 1,216,950,831.72 | 30.74% | -6.70% | Primarily due to recovery of accounts receivable in the current period | | Fixed Assets | 490,166,559.03 | 12.88% | 394,476,841.42 | 9.96% | 2.92% | Primarily due to capitalization of factory construction projects | | Construction in Progress | 6,001,000.35 | 0.16% | 94,684,392.46 | 2.39% | -2.23% | Primarily due to capitalization of factory construction projects | | Short-term Borrowings | 3,001,256.00 | 0.08% | 51,280,402.94 | 1.30% | -1.22% | Primarily due to repayment of borrowings in the current period | Financial Assets Measured at Fair Value | Item | Beginning Balance (RMB) | Amount Purchased Current Period (RMB) | Amount Sold Current Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 1,083,971,518.74 | 2,619,058,801.00 | 2,952,030,700.00 | 750,974,627.59 | [Investment Status Analysis](index=15&type=section&id=%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company had no securities or derivatives investments during the reporting period, with public offering proceeds primarily allocated to the Huizhou Hengmingda Intelligent Manufacturing Base Project, and some idle funds used for cash management, including the replacement of initial project investments - The company had no securities investment and derivatives investment during the reporting period[63](index=63&type=chunk)[64](index=64&type=chunk) - The company utilized idle public offering proceeds of up to **RMB 650 million** for cash management, with an investment term valid for 12 months from the date of shareholder approval[65](index=65&type=chunk) - The company has used **RMB 73.4713 million** of public offering proceeds to replace self-raised funds previously invested in projects and for issuance expenses[65](index=65&type=chunk) Overall Utilization of Public Offering Proceeds | Indicator | Amount (RMB 10,000) | | :--- | :--- | | Total Public Offering Proceeds | 75,599.99 | | Net Public Offering Proceeds | 74,328.66 | | Total Public Offering Proceeds Used Current Period | 1,759.28 | | Total Public Offering Proceeds Used Cumulatively | 10,529.66 | | Proportion of Public Offering Proceeds Used at Period-End | 14.17% | | Total Unused Public Offering Proceeds | 64,978.14 | | Purpose of Unused Public Offering Proceeds | Deposited in the company's special public offering proceeds account and used for cash management | - The committed investment project is the "Huizhou Hengmingda Intelligent Manufacturing Base Project," with a total committed investment of **RMB 743.2866 million**, and a cumulative investment of **RMB 105.2966 million** as of the period-end, representing an investment progress of **14.17%**[68](index=68&type=chunk) [Significant Asset and Equity Disposals](index=18&type=section&id=%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 significant asset or equity disposals during the reporting period - The company did not dispose of significant assets during the reporting period[71](index=71&type=chunk) - The company did not dispose of significant equity during the reporting period[72](index=72&type=chunk) [Analysis of Major Controlled and Invested Companies](index=19&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Huizhou Hengmingda Electronic Technology Co., Ltd., a key wholly-owned subsidiary, generated RMB 219 million in operating revenue and RMB 62.6862 million in net profit during the period, while the company deregistered its wholly-owned subsidiary Tongling Yinbiao Electronic Technology Co., Ltd. without significant impact Financial Data of Major Subsidiary Huizhou Hengmingda Electronic Technology Co., Ltd. | Indicator | Amount (RMB) | | :--- | :--- | | Registered Capital | 105,000,000.00 | | Total Assets | 1,442,279,938.29 | | Net Assets | 1,336,461,169.84 | | Operating Revenue | 218,838,217.38 | | Operating Profit | 74,234,259.95 | | Net Profit | 62,686,170.99 | - During the reporting period, the company deregistered its wholly-owned subsidiary Tongling Yinbiao Electronic Technology Co., Ltd., which had no significant impact on overall production, operations, or performance[74](index=74&type=chunk) [Risks Faced by the Company and Countermeasures](index=19&type=section&id=%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 risks from macroeconomic fluctuations, industry changes, public offering project implementation, and exchange rate volatility, which it addresses through optimizing strategies, strengthening R&D, prudent fund management, and foreign exchange market monitoring - Risks of Macroeconomic Fluctuations: Uncertainty in global economic recovery may suppress customer demand, prompting the company to dynamically optimize operating strategies and strengthen risk control[75](index=75&type=chunk) - Risks of Industry Changes: Failure to timely align with new industry demands due to technological innovation and product upgrades may affect performance, so the company will continuously strengthen R&D investment, improve its talent pipeline, and adhere to an international development strategy[76](index=76&type=chunk) - Risks in Implementing Public Offering Investment Projects: Projects have long construction cycles and large investment amounts, potentially affected by multiple factors, thus the company will prudently manage the use of public offering proceeds and monitor project progress in real-time[78](index=78&type=chunk) - Exchange Rate Fluctuation Risk: The expansion of foreign currency business exposes the company to exchange rate fluctuations, so it will reasonably plan foreign currency deposits, moderately engage in foreign exchange derivatives trading, and promote the proportion of RMB in transaction settlements[79](index=79&type=chunk) [“Quality and Return Dual Enhancement” Action Plan Implementation](index=20&type=section&id=%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%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 actively implements the "Quality and Return Dual Enhancement" action plan by focusing on core businesses, driving innovation, optimizing product structure, and deepening globalization to improve operational efficiency and shareholder returns, while also strengthening governance and social responsibility - The company focuses on three core areas: smart terminals, data communication and computing infrastructure, and new energy, deepening customer relationships through in-depth participation in cutting-edge customer R&D and customized solutions[80](index=80&type=chunk) - The company insists on driving technological innovation through R&D investment, building an independent intellectual property system, and actively seizing opportunities from new quality productive forces to optimize its product structure[80](index=80&type=chunk) - During the reporting period, the company achieved operating revenue of **RMB 1.244 billion**, a year-on-year increase of **32.18%**; net profit attributable to shareholders of the listed company was **RMB 234 million**, a year-on-year increase of **43.01%**[81](index=81&type=chunk) - The company distributed a cash dividend of **RMB 6 (including tax) per 10 shares** to all shareholders, with a total cash dividend of **RMB 150 million**[82](index=82&type=chunk) - The company completed its share repurchase plan, cumulatively repurchasing **5.5234 million shares**, accounting for **2.16%** of the total share capital, with a total transaction amount of **RMB 160 million**; the repurchased shares will be used for equity incentives or employee stock ownership plans[82](index=82&type=chunk) - The company continuously deepens the construction of its green manufacturing system, practices the "3R" principle, and actively fulfills its environmental and social responsibilities[83](index=83&type=chunk) [Corporate Governance, Environment, and Society](index=22&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section covers changes in the company's governance structure, profit distribution plans, equity incentive implementation, environmental disclosures, and social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=22&type=section&id=%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) There were no changes in the company's directors, supervisors, and senior management during the reporting period - The company's directors, supervisors, and senior management did not change during the reporting period[86](index=86&type=chunk) [Profit Distribution and Capital Reserve Capitalization for the Current Period](index=22&type=section&id=%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 current 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[87](index=87&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=22&type=section&id=%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%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 continued to implement its 2022 restricted stock incentive plan, completing partial lifting of sales restrictions and repurchase and cancellation of restricted shares during the reporting period to adjust incentive recipients and repurchase prices - The company approved the "2022 Restricted Stock Incentive Plan (Draft)" on September 27, 2022[88](index=88&type=chunk) - On November 24, 2023, the company approved the lifting of sales restrictions for **771,750 restricted shares** for 42 incentive recipients who met the conditions[89](index=89&type=chunk) - On January 8, 2025, the company approved the repurchase and cancellation of **4,450 restricted shares** granted but not yet unrestricted for 1 resigned employee and 2 incentive recipients whose performance appraisal results did not reach "A," adjusting the repurchase price to **RMB 8.63 per share**[91](index=91&type=chunk) [Environmental Information Disclosure](index=23&type=section&id=%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 subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[92](index=92&type=chunk) [Social Responsibility](index=23&type=section&id=%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company adheres to its business philosophy of innovation, sustainability, and green practices, comprehensively fulfilling corporate social responsibility by protecting investor and employee rights, maintaining partner relationships, engaging in public welfare, and practicing environmental protection - Regarding investor rights protection, the company strictly fulfills information disclosure obligations and actively promotes investor relations management[92](index=92&type=chunk) - In safeguarding employee rights, the company protects legal rights, provides diverse training, equity incentives, and cares for employee well-being and career development[93](index=93&type=chunk) - In fulfilling social welfare, the company supports community development, education assistance, hearing impairment relief, and other charitable projects through the Hengmingda (Ziyun) Charity Foundation, and actively participates in rural revitalization[95](index=95&type=chunk) - In practicing environmental protection, the company integrates green development concepts into its operations, optimizing material and equipment utilization, recycling production resources, and promoting low-carbon and circular transformation[96](index=96&type=chunk) [Significant Matters](index=25&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details the company's fulfillment of commitments, absence of non-operating fund occupation or irregular guarantees, litigation status, related party transactions, significant contracts, and other important events during the reporting period [Fulfillment of Commitments](index=25&type=section&id=%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%9F%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) During the reporting period, the company's controlling shareholder, actual controller, directors, and senior management fulfilled all commitments made during initial public offerings or refinancing, including share lock-up, price stabilization, avoidance of horizontal competition, reduction of related party transactions, and compensation for diluted immediate returns - Controlling shareholder and actual controller Jing Shiping committed not to transfer shares within 36 months from the company's listing date and not to transfer more than **25%** of his total shares annually during his tenure[99](index=99&type=chunk) - The company committed to propose and announce a share price stabilization plan within **10 trading days** if conditions for share price stabilization measures are met[99](index=99&type=chunk) - Controlling shareholder and actual controller Jing Shiping committed to submit a share increase plan within **30 trading days** from the date conditions for increasing company shares are met, with funds for increasing shares not less than **RMB 10 million**[100](index=100&type=chunk) - All directors and senior management committed to compensate for diluted immediate returns and not to transfer benefits to other entities or individuals without compensation or under unfair conditions[101](index=101&type=chunk) - The company's controlling shareholder and actual controller committed to avoid horizontal competition and to reduce and regulate related party transactions[102](index=102&type=chunk)[103](index=103&type=chunk) - All commitments were fulfilled on time, with no overdue unfulfilled situations[104](index=104&type=chunk) [Non-Operating Funds Occupied by Controlling Shareholders and Other Related Parties](index=30&type=section&id=%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) During the reporting period, there were no instances of non-operating funds being occupied by the controlling shareholder or other related parties of the listed company - The company had no non-operating funds occupied by controlling shareholders or other related parties during the reporting period[105](index=105&type=chunk) [Irregular External Guarantees](index=30&type=section&id=%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[106](index=106&type=chunk) [Appointment and Dismissal of Accounting Firms](index=30&type=section&id=%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 report was unaudited, and there were no appointments or dismissals of accounting firms during the reporting period - The company's semi-annual report was unaudited[107](index=107&type=chunk) [Litigation Matters](index=30&type=section&id=%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company had no significant litigation or arbitration matters during the reporting period - The company had no significant litigation or arbitration matters during the current reporting period[110](index=110&type=chunk) [Penalties and Rectification](index=31&type=section&id=%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[110](index=110&type=chunk) [Significant Related Party Transactions](index=31&type=section&id=%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company had no related party transactions related to daily operations, asset/equity acquisitions/disposals, joint external investments, or related party creditor/debtor relationships, nor did it engage with affiliated financial companies - The company had no related party transactions related to daily operations during the reporting period[111](index=111&type=chunk) - The company had no related party transactions involving asset or equity acquisitions or disposals during the reporting period[112](index=112&type=chunk) - The company had no related party creditor or debtor relationships during the reporting period[114](index=114&type=chunk) [Significant Contracts and Their Performance](index=32&type=section&id=%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 had no significant custody, contracting, or other major contracts during the reporting period, but engaged in leasing factory buildings, offices, and employee dormitories, and conducted wealth management with both self-owned and public offering funds - The company and its subsidiaries lease factory buildings, offices, and employee dormitories in their respective locations, which has no significant impact on daily production and operations[120](index=120&type=chunk) - The company had no significant guarantee situations during the reporting period[122](index=122&type=chunk) [Leasing Matters](index=32&type=section&id=%E7%A7%9F%E8%B5%81%E4%BA%8B%E9%A1%B9%E6%83%85%E5%86%B5) The company and its subsidiaries lease factory buildings, offices, and employee dormitories in Kunshan, Huizhou, and Vietnam to support business operations, with no significant impact on daily production and operations - The company and its subsidiaries lease factory buildings, offices, and employee dormitories in their respective locations, including Huizhou Huayangtong, Shenzhen Huayangtong, and Weichengda Electronic Technology (Vietnam) Co., Ltd[120](index=120&type=chunk)[121](index=121&type=chunk) - The aforementioned leasing matters will not have a significant impact on the company's daily production and operations[120](index=120&type=chunk) [Wealth Management](index=32&type=section&id=%E5%A7%94%E6%89%98%E7%90%86%E8%B4%A2) The company invested in bank wealth management products using both self-owned and public offering funds, with total transactions of RMB 953 million and an unmatured balance of RMB 750 million at period-end, without any expected principal loss or impairment Wealth Management Status | Specific Type | Source of Wealth Management Funds | Amount of Wealth Management Transactions (RMB 10,000) | Unmatured Balance (RMB 10,000) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Self-owned Funds | 31,000 | 11,000 | | Bank Wealth Management Products | Public Offering Proceeds | 64,300 | 64,000 | | **Total** | | **95,300** | **75,000** | - The company had no high-risk wealth management products with significant individual amounts, low security, or poor liquidity during the reporting period[124](index=124&type=chunk) - No wealth management products experienced expected principal loss or other situations that could lead to impairment[124](index=124&type=chunk) [Explanation of Other Significant Matters](index=33&type=section&id=%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) During the reporting period, the company completed the repurchase and cancellation of some restricted shares, continued to implement the "Quality and Return Dual Enhancement" action plan, lifted sales restrictions on shares issued to specific targets in 2023, implemented the 2024 profit distribution, and completed its share repurchase plan - The company completed the repurchase and cancellation of **4,450 restricted shares**, changing the total share capital from **256,213,786 shares** to **256,209,336 shares**[125](index=125&type=chunk) - The company continuously implements the "Quality and Return Dual Enhancement" action plan and has disclosed relevant progress announcements[126](index=126&type=chunk) - On February 21, 2025, the company's 2023 non-public offering restricted shares, totaling **26,042,021 shares**, were lifted from sales restrictions and listed for circulation[127](index=127&type=chunk) - The company implemented its 2024 profit distribution, with actual cash dividends totaling **RMB 149,927,545.20**[128](index=128&type=chunk)[129](index=129&type=chunk) - The company completed its share repurchase plan, cumulatively repurchasing **5,523,394 shares** with a total transaction amount of **RMB 159,985,268.25**; the repurchased shares will be used for equity incentives or employee stock ownership plans[129](index=129&type=chunk) [Share Changes and Shareholder Information](index=35&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital, including restricted and unrestricted shares, securities issuance, shareholder numbers, and changes in shareholdings of directors, supervisors, and senior management, as well as any changes in controlling shareholders or actual controllers [Share Changes](index=35&type=section&id=%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital slightly decreased due to restricted stock repurchase and cancellation, while restricted shares significantly reduced due to the lifting of sales restrictions on shares issued to specific targets and executive share reductions, with a corresponding increase in unrestricted shares Share Changes | Category | Number Before Change (shares) | Proportion Before Change (%) | Increase/Decrease in This Change (shares) | Number After Change (shares) | Proportion After Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 94,385,748 | 36.84% | -30,582,021 | 63,803,727 | 24.90% | | II. Unrestricted Shares | 161,828,038 | 63.16% | 30,577,571 | 192,405,609 | 75.10% | | III. Total Shares | 256,213,786 | 100.00% | -4,450 | 256,209,336 | 100.00% | - Reasons for share changes include: repurchase and cancellation of **4,450 restricted shares**, lifting of sales restrictions for **26,042,021 shares** issued to specific targets in 2023, and a reduction of **4,535,550 executive-locked shares** due to actual controller's share reduction[134](index=134&type=chunk)[135](index=135&type=chunk) - The company completed its share repurchase plan, cumulatively repurchasing **5,523,394 shares**, accounting for **2.16%** of the total share capital, with a total transaction amount of **RMB 159,985,268.25**[138](index=138&type=chunk) [Reasons for Share Changes](index=36&type=section&id=%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E7%9A%84%E5%8E%9F%E5%9B%A0) Share changes primarily resulted from the repurchase and cancellation of restricted shares, the lifting of sales restrictions on shares issued to specific targets, and a reduction in executive-locked shares due to the actual controller's share reduction - The company completed the repurchase and cancellation of **4,450 restricted shares**, changing the total share capital from **256,213,786 shares** to **256,209,336 shares**[134](index=134&type=chunk) - On February 21, 2025, the company's 2023 non-public offering shares, totaling **26,042,021 shares**, were listed for circulation after sales restrictions were lifted[135](index=135&type=chunk) - As of December 31, 2024, due to the actual controller's share reduction, their shareholding changed to **62,717,113 shares**, with a corresponding reduction of **4,535,550 executive-locked shares**[135](index=135&type=chunk) [Changes in Restricted Shares](index=37&type=section&id=%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the total number of restricted shares decreased by 30,582,021 shares, primarily due to the lifting of sales restrictions on shares issued to specific targets and changes in executive-locked shares Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Restricted Shares Unlocked Current Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Jing Shiping | 51,573,384 | 4,535,550 | 47,037,834 | Executive-locked shares | | Shares issued to specific targets | 26,042,021 | 26,042,021 | 0 | Restricted shares issued to specific targets | | Equity incentive restricted shares | 885,250 | 4,450 | 880,800 | 2022 Restricted stock equity incentive restricted shares | | **Total** | **94,385,748** | **30,582,021** | **63,803,727** | | [Securities Issuance and Listing](index=37&type=section&id=%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[142](index=142&type=chunk) [Number of Shareholders and Shareholding Status](index=37&type=section&id=%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) At the end of the reporting period, the company had 19,861 common shareholders, with controlling shareholder Jing Shiping holding 24.41% and Shenzhen Hengshida Investment Co., Ltd. holding 5.28%, while the company's special repurchase securities account held 2.62% of total shares - Total number of common shareholders at the end of the reporting period: **19,861**[143](index=143&type=chunk) Top 10 Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Proportion (%) | Number of Shares Held at Period-End (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Jing Shiping | Domestic Natural Person | 24.41% | 62,532,622 | 47,037,834 | 15,494,788 | | Shenzhen Hengshida Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 5.28% | 13,520,000 | 0 | 13,520,000 | | Xia Chen | Domestic Natural Person | 4.11% | 10,526,750 | 7,895,062 | 2,631,688 | | Lyu Yong | Domestic Natural Person | 3.79% | 9,722,007 | 0 | 9,722,007 | | Jing Jingping | Domestic Natural Person | 3.01% | 7,704,242 | 5,778,181 | 1,926,061 | - Jing Shiping, Jing Jingping, Xia Chen, and Jing Jiang are concerted parties[144](index=144&type=chunk) - As of June 30, 2025, the company's special repurchase securities account held **6,720,094 shares**, accounting for **2.62%** of the company's total share capital[144](index=144&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=39&type=section&id=%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) During the reporting period, Chairman Jing Shiping's shareholding slightly decreased, while other directors, supervisors, and senior management's shareholdings did not experience significant changes Changes in Shareholdings of Directors, Supervisors, and Senior Management | Name | Position | Shares Held at Beginning of Period (shares) | Number of Shares Reduced Current Period (shares) | Shares Held at End of Period (shares) | | :--- | :--- | :--- | :--- | :--- | | Jing Shiping | Chairman | 62,717,113 | 184,491 | 62,532,622 | [Changes in Controlling Shareholder or Actual Controller](index=39&type=section&id=%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) There were no changes in the company's controlling shareholder or actual controller during the reporting period - The company's controlling shareholder did not change during the reporting period[146](index=146&type=chunk) - The company's actual controller did not change during the reporting period[146](index=146&type=chunk) [Bond-Related Information](index=40&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) This section confirms that the company had no bond-related activities or situations during the reporting period [Bond-Related Information](index=40&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related situations during the reporting period - The company had no bond-related situations during the reporting period[149](index=149&type=chunk) [Financial Report](index=41&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, along with notes on accounting policies, taxation, and other financial details [Audit Report](index=41&type=section&id=%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was unaudited - The company's semi-annual financial report was unaudited[151](index=151&type=chunk) [Financial Statements](index=41&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, comprehensively presenting the financial position, operating results, cash flows, and changes in owners' equity at the end of the reporting period - The consolidated balance sheet shows total assets of **RMB 3,805,152,194.33** and total liabilities of **RMB 707,346,412.31** at period-end[155](index=155&type=chunk) - The consolidated income statement shows total operating revenue of **RMB 1,244,451,581.01** and net profit attributable to parent company shareholders of **RMB 234,324,103.02** for the current period[162](index=162&type=chunk)[163](index=163&type=chunk) - The consolidated cash flow statement shows net cash flow from operating activities of **RMB 574,135,034.99** and net cash flow from investing activities of **RMB 307,533,325.12**[168](index=168&type=chunk)[169](index=169&type=chunk) [Company's Basic Information](index=59&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Suzhou Hengmingda Electronic Technology Co., Ltd. was established on February 17, 2017, listed on February 1, 2019, with a registered capital of RMB 256,209,336.00, specializing in R&D, production, and sales of functional and precision structural components for consumer electronics, communications, and new energy sectors - The company was established through overall restructuring on February 17, 2017, and listed on the Shenzhen Stock Exchange on February 1, 2019[186](index=186&type=chunk) - The company's registered capital is **RMB 256,209,336.00**, with a total of **256,209,336 shares**[186](index=186&type=chunk) - Its main business involves the R&D, production, and sales of functional components and precision structural components for consumer electronics, communications, and new energy sectors[186](index=186&type=chunk) [Basis of Financial Statement Preparation](index=59&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The company's financial statements are prepared on a going concern basis, with no significant doubts or circumstances regarding its ability to continue as a going concern for the next 12 months from the end of the reporting period - The company's financial statements are prepared on a going concern basis[187](index=187&type=chunk) - There are no matters or circumstances that cause significant doubt about the company's ability to continue as a going concern for the next 12 months from the end of the reporting period[188](index=188&type=chunk) [Significant Accounting Policies and Estimates](index=59&type=section&id=%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) The company adheres to enterprise accounting standards, establishing specific policies and estimates for financial instrument impairment, inventory, fixed asset depreciation, intangible assets, and revenue recognition, with detailed disclosures on financial asset/liability classification, measurement, derecognition, and expected credit loss methods - The financial statements prepared by the company comply with the requirements of enterprise accounting standards, truly and completely reflecting the company's financial position, operating results, and cash flows, among other relevant information[190](index=190&type=chunk) - Financial assets are classified at initial recognition into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in current profit or loss[203](index=203&type=chunk) - The company performs impairment testing and recognizes loss provisions for financial assets measured at amortized cost, debt instrument investments measured at fair value with changes recognized in other comprehensive income, etc., based on expected credit losses[222](index=222&type=chunk) - The company's revenue recognition principle is to recognize revenue when customers obtain control of the related goods or services, primarily selling precision structural components for mobile phones, tablets, watches, other consumer electronics, and data communication equipment[291](index=291&type=chunk)[293](index=293&type=chunk) [Taxation](index=80&type=section&id=%E7%A8%8E%E9%A1%B9) The company's main taxes include value-added tax, urban maintenance and construction tax, and corporate income tax, benefiting from high-tech enterprise income tax incentives and additional VAT deductions for advanced manufacturing enterprises Major Taxes and Tax Rates | Tax Type | Tax Rate | | :--- | :--- | | Value-Added Tax | 13%, 8% | | Urban Maintenance and Construction Tax | 5%, 7% | | Corporate Income Tax | 15%, 16.5%, 20% | - The company and its subsidiaries Huizhou Hengmingda, Shenzhen Huayangtong, and Huizhou Huayangtong are recognized as high-tech enterprises, enjoying a **15%** corporate income tax rate[320](index=320&type=chunk)[321](index=321&type=chunk) - The company and its eligible subsidiaries enjoy the VAT additional deduction policy for advanced manufacturing enterprises, deducting **5%** of the current deductible input VAT from the payable VAT amount[322](index=322&type=chunk) [Notes to Consolidated Financial Statement Items](index=82&type=section&id=%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on various consolidated financial statement items, including assets, liabilities, owners' equity, income, costs, and expenses, such as cash and cash equivalents, accounts receivable, inventory, fixed assets, operating revenue, and operating costs, disclosing their period-end balances, beginning balances, and current period changes Cash and Cash Equivalents | Item | Ending Balance (RMB) | Beginning Balance (RMB) | | :--- | :--- | :--- | | Cash on hand | 19,477.00 | 18,217.00 | | Bank deposits | 1,112,851,161.23 | 600,739,933.36 | | Other cash and cash equivalents | 528.04 | 30,367.92 | | **Total** | **1,112,871,166.27** | **600,788,518.28** | Accounts Receivable | Indicator | Book Balance at Period-End (RMB) | Book Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Within 1 year | 961,682,871.64 | 1,279,947,702.79 | | Provision for bad debts | 54,587,560.08 | 70,400,210.80 | | Book value | 914,708,855.90 | 1,216,950,831.72 | Inventory | Item | Book Value at Period-End (RMB) | Book Value at Beginning of Period (RMB) | | :--- | :--- | :--- | | Raw materials | 69,376,398.59 | 86,686,795.56 | | Inventories of finished goods | 114,598,300.98 | 86,010,377.91 | | **Total** | **246,236,844.08** | **269,804,394.12** | Operating Revenue and Operating Cost | Item | Revenue Current Period (RMB) | Cost Current Period (RMB) | Revenue Prior Period (RMB) | Cost Prior Period (RMB) | | :--- | :--- | :--- | :--- | :--- | | Main business | 1,226,321,212.20 | 844,335,276.59 | 929,297,437.21 | 650,405,744.75 | | Other businesses | 18,130,368.81 | 14,391,856.14 | 12,151,971.32 | 9,225,218.69 | | **Total** | **1,244,451,581.01** | **858,727,132.73** | **941,449,408.53** | **659,630,963.44** | [Research and Development Expenses](index=116&type=section&id=%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) During the reporting period, the company's total R&D investment was RMB 56,978,809.28, primarily allocated to material costs, salaries, depreciation and amortization, and mold and other expenses, all recognized as expensed R&D Composition of R&D Expenses | Item | Amount Current Period (RMB) | Amount Prior Period (RMB) | | :--- | :--- | :--- | | Material costs | 26,535,468.13 | 27,802,262.31 | | Salaries and wages | 24,816,025.55 | 18,727,885.09 | | Depreciation and amortization | 1,595,409.54 | 1,526,353.97 | | Molds and others | 4,031,906.06 | 4,542,672.85 | | **Total** | **56,978,809.28** | **52,599,174.22** | | Of which: Expensed R&D | 56,978,809.28 | 52,599,174.22 | [Changes in Consolidation Scope](index=117&type=section&id=%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) During the reporting period, the company disposed of its subsidiary Tongling Yinbiao Electronic Technology Co., Ltd., resulting in a change in the consolidation scope, but with no significant impact on overall production and operations - There were transactions or events resulting in the loss of control over a subsidiary during the current period[533](index=533&type=chunk) - The company deregistered Tongling Yinbiao Electronic Technology Co., Ltd. on March 27, 2025, losing control[534](index=534&type=chunk) [Interests in Other Entities](index=118&type=section&id=%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds interests in several wholly-owned and controlled subsidiaries, including Huizhou Hengmingda, Hengshicheng, and Shenzhen Huayangtong, with Dongguan Aitajixincailiao Technology Co., Ltd. being a significant non-wholly-owned subsidiary with a 49.00% minority interest Composition of Enterprise Group (Partial Subsidiaries) | Subsidiary Name | Registered Capital (RMB) | Shareholding Proportion (Direct) | Shareholding Proportion (Indirect) | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | | Huizhou Hengmingda Electronic Technology Co., Ltd. | 105,000,000.00 | 100.00% | | Business combination under common control | | Hengshicheng (Hong Kong) International Holdings Co., Ltd. | 23,000,000.00 | 100.00% | | Investment establishment | | Shenzhen Huayangtong | 14,506,220.00 | 100.00% | | Business combination not under common control | | Dongguan Aitajixincailiao Technology Co., Ltd. | 25,000,000.00 | | 51.00% | Business combination not under common control | Financial Information of Significant Non-Wholly-Owned Subsidiaries | Subsidiary Name | Minority Shareholding Proportion (%) | Profit/Loss Attributable to Minority Shareholders Current Period (RMB) | Minority Interests Balance at Period-End (RMB) | | :--- | :--- | :--- | :--- | | Dongguan Aitajixincailiao Technology Co., Ltd. | 49.00% | 898,023.65 | 11,817,411.73 | - Dongguan Aitajixincailiao Technology Co., Ltd. reported operating revenue of **RMB 34,610,171.01** and net profit of **RMB 1,832,701.32** for the current period[539](index=539&type=chunk) [Government Grants](index=120&type=section&id=%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) During the reporting period, the company recognized RMB 1,550,619.00 in deferred income government grants related to assets and RMB 3,388,026.79 in government grants recognized in other income, primarily including various employment stabilization subsidies, expansion subsidies, high-tech enterprise certification grants, and specialized new "little giant" awards Liability Items Involving Government Grants | Accounting Account | Beginning Balance (RMB) | Amount Transferred to Other Income Current Period (RMB) | Ending Balance (RMB) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | | Deferred income | 1,822,345.79 | 271,726.79 | 1,550,619.00 | Asset-related | Government Grants Recognized in Current Profit or Loss | Accounting Account | Amount Current Period (RMB) | Amount Prior Period (RMB) | | :--- | :--- | :--- | | Amount of government grants recognized in other income | 3,388,026.79 | 668,150.00 | | **Total** | **3,388,026.79** | **668,150.00** | - Government grants recognized in other income for the current period include government employment stabilization subsidies, expansion subsidies, high-tech enterprise certification grants, specialized new "little giant" awards, and manufacturing intelligent transformation, digital transformation, and network connection demonstration enterprise awards[544](index=544&type=chunk) [Risks Related to Financial Instruments](index=121&type=section&id=%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces credit, liquidity, and market risks (including interest rate and foreign exchange risks), which it manages through credit assessments, diversified financing, and foreign currency trading to balance risk and return - The financial instrument-related risks faced by the company primarily include credit risk, liquidity risk, and market risk[545](index=545&type=chunk) - Credit Risk: Primarily arises from cash and cash equivalents and accounts receivable; the company controls this by depositing funds with highly-rated financial institutions and continuously assessing customer credit[552](index=552&type=chunk)[553](index=553&type=chunk)[554](index=554&type=chunk) - Liquidity Risk: The company controls this by comprehensively utilizing various financing methods such as bill settlement and bank borrowings, and by appropriately combining long-term and short-term financing[557](index=557&type=chunk) - Market Risk: Includes interest rate risk and foreign exchange risk. The company manages this by determining the proportion of fixed-rate and floating-rate financial instruments and by buying and selling foreign currencies when necessary[559](index=559&type=chunk)[561](index=561&type=chunk)[562](index=562&type=chunk) [Disclosure of Fair Value](index=125&type=section&id=%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) The company disclosed the fair value of assets and liabilities measured at fair value at period-end, primarily including financial assets held for trading and other equity instrument investments, detailing the determination basis and valuation techniques for each fair value level Fair Value of Assets and Liabilities Measured at Fair Value at Period-End | Item | Level 1 Fair Value Measurement (RMB) | Level 3 Fair Value Measurement (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | | (I) Financial assets held for trading | 284,983.75 | 750,689,643.84 | 750,974,627.59 | | (III) Other equity instrument investments | | 3,245,924.77 | 3,245,924.77 | | **Total assets continuously measured at fair value** | **284,983.75** | **753,935,568.61** | **754,220,552.36** | - For financial assets held at fair value with changes recognized in current profit or loss, the closing price of the relevant stock on the balance sheet date is used as fair value[567](index=567&type=chunk) - For purchased principal-protected floating-rate bank short-term wealth management products, structured deposits, and bank acceptance bills, their fair value is determined by the face amount[569](index=569&type=chunk) [Related Parties and Related Party Transactions](index=126&type=section&id=%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company has no parent company and is controlled by natural person Jing Shiping and his concerted parties. During the reporting period, the company engaged in commodity procurement and utility sales with Hengmingda Packaging Materials (Huizhou) Co., Ltd., had property leases and receivables/payables with related parties, and key management personnel compensation totaled RMB 7,989,316.31 - The company has no parent company and is controlled by natural person Jing Shiping and his concerted parties (Jing Tianping, Jing Jingping, Xia Chen, Jing Jiang)[571](index=571&type=chunk) Related Party Transactions for Purchase and Sale of Goods, Provision and Acceptance of Services | Related Party | Related Party Transaction Content | Amount Current Period (RMB) | Amount Prior Period (RMB) | | :--- | :--- | :--- | :--- | | Hengmingda Packaging Materials (Huizhou) Co., Ltd. | Raw material procurement | 1,599,959.24 | 1,858,100.34 | | Hengmingda Packaging Materials (Huizhou) Co., Ltd. | Sale of utility usage rights | 9,689.61 | 9,085.74 | Related Party Leases (as Lessee) | Lessor Name | Type of Leased Asset | Rent Paid Current Period (RMB) | | :--- | :--- | :--- | | Hengmingda Packaging Materials (Huizhou) Co., Ltd. | Property | 985,813.90 | | Jing Jingping, Chen Jingyi | Property | 432,000.00 | | Guangdong Shengrui New Material Technology Co., Ltd. | Property | 1,075,352.95 | - Key management personnel compensation for the current period amounted to **RMB 7,989,316.31**[582](index=582&type=chunk) [Share-based Payment](index=128&type=section&id=%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98) The company implemented equity-settled share-based payments, recognizing a total share-based payment expense of RMB 1,799,584.53 for the current period, primarily allocated to management, sales, R&D, and production personnel - The fair value of equity instruments on the grant date is determined by the closing price of restricted shares on the grant date[589](index=589&type=chunk) - The cumulative amount of equity-settled share-based payments recognized in capital reserves for the current period is **RMB 137,148,854.57**[589](index=589&type=chunk) Share-based Payment Expenses Current Period | Category of Grantee | Equity-settled Share-based Payment Expense (RMB) | | :--- | :--- | | Management personnel | 569,623.28 | | Sales personnel | 314,641.24 | | R&D personnel | 310,555.01 | | Production personnel | 604,765.00 | [Commitments and Contingencies](index=129&type=section&id=%E6%89%BF%E8%AF%BA%E5%8F%8A%E6%88%96%E6%9C%89%E4%BA%8B%E9%A1%B9) The company has no significant commitments or contingencies requiring disclosure - The company has no significant contingencies requiring disclosure[593](index=593&type=chunk) [Post-Balance Sheet Events](index=129&type=section&id=%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8%E6%97%A5%E5%90%8E%E4%BA%8B%E9%A1%B9) The company has no significant non-adjusting events, profit distribution, sales returns, or other post-balance sheet events requiring explanation after the reporting period - The company has no significant non-adjusting events, profit distribution, sales returns, or other post-balance sheet events to explain[594](index=594&type=chunk) [Other Significant Matters](index=129&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no prior period accounting error corrections, debt restructurings, asset exchanges, annuity plans, or other significant transactions or matters affecting investor decisions - The company had no prior period accounting error corrections, debt restructurings, asset exchanges, annuity plans, or other significant matters during the reporting period[594](index=594&type=chunk)[595](index=595&type=chunk)[600](index=600&type=chunk) [Notes to Parent Company's Financial Statement Items](index=130&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E4%B8%BB%E8%A6%81%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on key items in the parent company's financial statements, including accounts receivable, other receivables, long-term equity investments, operating revenue and cost, and investment income, reflecting the parent company's independent financial position and operating results Parent Company Accounts Receivable | Indicator | Book Balance at Period-End (RMB) | Book Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Within 1 year | 834,487,221.80 | 1,164,579,761.76 | | Provision for bad debts | 20,558,474.07 | 25,346,188.01 | | Book value | 814,525,814.07 | 1,141,044,642.79 | Parent Company Other Receivables | Indicator | Book Balance at Period-End (RMB) | Book Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Deposits and guarantees | 4,551,000.00 | 4,643,000.00 | | Interbank borrowings | 55,391,886.70

2025年1-6月 编制单位：苏州恒铭达电子科技股份有限公司 法定代表人：荆天平 主管会计工作的负责人：吴之星 会计机构负责人：孙秀丽 单位：人民币万元 资金占用方名称 占用方与上市公 司的关联关系 上市公司核算的 会计科目 2025年期初 占用资金余额 2025 年 1- 6月占用累计 发生金额 (不含利息) 2025 年 1-6 月占用资金的 利息(如有) 2025年1-6月 偿还累计发生 金额 2025年6月 末占用资金 余额 占用形成原因 占用性质 控股股东、实际控制人及其附 属企业 - - - - 前控股股东、实际控制人及其 附属企业 - - - - 其他关联方及其附属企业 - - - - - - - - 资金往来方名称 往来方与上市公 司的关联关系 上市公司核算的 会计科目 2025年期初 占用资金余额 2025 年 1- 6月占用累计 发生金额 (不含利息) 2025 年 1-6 月占用资金的 利息(如有) 2025年1-6月 偿还累计发生 金额 2025年6月 末占用资金 余额 往来形成原因 往来性质(经营性往 来、非经营性往来) 控股股东、实际控制人及其附 属企业 荆京平 实际控制人(一 致 ...

证券代码：002947 证券简称：恒铭达 公告编号：2025-060 苏州恒铭达电子科技股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告 公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 苏州恒铭达电子科技股份有限公司（以下简称"公司"）根据中国证券监督管理委员会 《上市公司募集资金监管规则》和深圳证券交易所印发的《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（2025 年修订）》的规定，将公司募集资金 2025 年半年度使用情况专项说明如下。 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 中国证券监督管理委员会《关于同意苏州恒铭达电子科技股份有限公司向特定对象发行 股票注册的批复》（证监许可〔2023〕2853 号）同意公司向特定对象发行人民币普通股（A 股）股票不超过 69,051,529.00 股。截止 2024 年 7 月 31 日，公司向特定对象发行人民币普通 股 26,042,021 股，发行价格为每股人民币 29.03 元，募集资金总额为人民币 755,999,869.63 元，扣除各项发行 ...

一、经核查，报告期内，公司不存在控股股东及其他关联方占用公司资金的情况。公司 与其他关联方发生的资金往来符合规范性要求，不存在应披露而未披露的资金往来、资金占 用事项。 二、经核查，报告期内，公司严格按照有关规定，规范公司对外担保行为，控制公司对 外担保风险，不存在违规担保的情形。公司的对外担保属于公司日常经营所需，对外担保决 策程序合法、合理，没有损害公司及股东的利益。 苏州恒铭达电子科技股份有限公司 独立董事： 毛基业 何蔚宏 王涛 郑凯 2025年8月21日 苏州恒铭达电子科技股份有限公司 独立董事关于2025年半年度控股股东及其他关联方占用公司资金、公司对外担保 情况的专项说明 根据《上市公司监管指引第8号—上市公司资金往来、对外担保的监管要求》等有关规定和 要求，我们作为苏州恒铭达电子科技股份有限公司（以下简称"公司"）的独立董事，本着审 慎原则，基于独立判断，对公司2025年半年度控股股东及其他关联方占用公司资金、公司对 外担保情况进行了认真核查，发表如下专项说明： ...

苏州恒铭达电子科技股份有限公司 2025 年半年度财务报告 证券代码：002947 证券简称：恒铭达 苏州恒铭达电子科技股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 苏州恒铭达电子科技股份有限公司 2025 年半年度财务报告 财务报告 1、合并资产负债表 编制单位：苏州恒铭达电子科技股份有限公司 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 | 1,112,871,166.27 | 600,788,518.28 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 750,974,627.59 | 1,083,971,518.74 | | 衍生金融资产 | | | | 应收票据 | 11,680,323.15 | 17,352,718.63 | | 应收账款 | 914,708,855.90 | 1,216,950,831.72 | | 应收款项融资 | 3,245,924.77 | 1,213,555.76 | | 预付款项 | 3,74 ...

证券代码：002947 证券简称：恒铭达 公告编号：2025-059 苏州恒铭达电子科技股份有限公司 第三届监事会第二十次会议决议的公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 一、监事会会议召开情况 苏州恒铭达电子科技股份有限公司（以下简称"公司"）第三届监事会第二十次会议于 2025 年 8 月 20 日在公司会议室召开。本次监事会会议通知已于 2025 年 8 月 8 日发出，会 议以现场结合通讯方式召开并进行表决，由监事会主席黄淮明先生主持。本次监事会会议应 到监事 3 人，实到监事 3 人，会议的召集、召开符合有关法律、行政法规、部门规章、规范 性文件和《公司章程》的规定。 二、监事会会议审议情况 （一）审议《关于2025年半年度报告全文及摘要的议案》 经审议，监事会认为：公司《2025年半年度报告全文及摘要》所载内容真实、准确、完 整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏，一致同意对 外报出《2025年半年度报告全文及摘要》。 具体内容详见指定信息披露媒体和巨潮资讯网（www.cninfo.com.cn）。 表决 ...

7月15日公司发布上半年业绩预告，预计实现净利润2.00亿元至2.50亿元，同比变动区间为 22.06%~52.58%。（数据宝） （文章来源：证券时报网） 两融数据显示，该股最新（8月19日）两融余额为5.64亿元，其中，融资余额为5.64亿元，近10日增加 1723.37万元，环比增长3.15%。 公司发布的一季报数据显示，一季度公司共实现营业收入6.49亿元，同比增长52.59%，实现净利润1.08 亿元，同比增长53.69%，基本每股收益为0.4200元，加权平均净资产收益率3.37%。 恒铭达股价创出历史新高，截至14:44，该股上涨2.26%，股价报41.67元，成交量1178.37万股，成交金 额4.83亿元，换手率6.12%，该股最新A股总市值达106.76亿元，该股A股流通市值80.18亿元。 证券时报·数据宝统计显示，恒铭达所属的电子行业，目前整体涨幅为1.79%，行业内，目前股价上涨的 有356只，涨停的有森霸传感、智动力等15只。股价下跌的有124只，跌幅居前的有旭光电子、福日电 子、瑞可达等，跌幅分别为9.97%、8.95%、8.80%。 ...