盛视科技股份有限公司 2025 年半年度募集资金存放与使用情况的专项报告 根据中国证券监督管理委员会《关于核准盛视科技股份有限公司首次公开发 行股票的批复》（证监许可〔2020〕663 号），公司由主承销商招商证券股份有 限公司采用余额包销方式，向社会公众公开发行人民币普通股（A 股）股票 31,560,000 股，发行价为每股人民币 36.81 元（不含送转），共计募集资金 1,161,723,600.00 元，坐扣不含税保荐及承销费 96,630,195.66 元后的募集资金为 1,065,093,404.34 元，已由主承销商招商证券股份有限公司于 2020 年 5 月 20 日 汇入公司开立的募集资金专户内。另扣除律师费、审计费、法定信息披露等其他 发行费用 28,333,404.34 元后，公司本次募集资金净额 1,036,760,000.00 元。上述 募集资金到位情况业经天健会计师事务所（特殊普通合伙）验证，并由其出具《验 资报告》（天健验〔2020〕7-37 号）。 证券代码：002990 证券简称：盛视科技 公告编号：2025-092 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 ...

证券代码：002990 证券简称：盛视科技 公告编号：2025-093 盛视科技股份有限公司 关于 2025 年半年度计提资产减值准备的公告 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。 盛视科技股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召开第三 届董事会第三十二次会议和第三届监事会第二十二次会议，审议通过了《关于 2025 年半年度计提资产减值准备的议案》。现根据相关规定，将公司 2025 年半 年度计提资产减值准备的具体情况公告如下： 一、本次计提资产减值准备情况概述 （一）计提资产减值准备的原因 为更加真实反映公司截至 2025 年 6 月 30 日的资产状况和财务状况，根据《企 业会计准则》、《深圳证券交易所股票上市规则》以及公司会计政策的相关规定， 基于谨慎性原则，公司对截至 2025 年 6 月 30 日的各类应收款项、合同资产等资 产进行了清查，对上述可能发生资产减值迹象的资产计提减值准备。 （二）本次计提资产减值准备的资产范围、金额和计入的报告期 单位：元 | 项目 | 计提减值准备金额 | | --- | --- | ...

盛视科技股份有限公司 第三届监事会第二十二次会议决议公告 证券代码：002990 证券简称：盛视科技 公告编号：2025-090 表决结果：赞成 3 票；反对 0 票；弃权 0 票。 本公司及监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。 一、监事会会议召开情况 盛视科技股份有限公司（以下简称"公司"）第三届监事会第二十二次会议 于 2025 年 8 月 25 日在公司会议室通过现场与通讯相结合的方式召开。本次监事 会会议通知于 2025 年 8 月 14 日以电子邮件、直接送达等方式向各位监事发出。 本次会议应出席监事 3 名，实际出席监事 3 名，会议由公司监事会主席刘建波先 生主持，董事会秘书秦操女士列席会议，本次会议的召集和召开程序符合《中华 人民共和国公司法》等法律法规和《公司章程》的规定，合法有效。 二、监事会会议审议情况 （一）审议通过《2025 年半年度报告》及《2025 年半年度报告摘要》 经审核，监事会认为：董事会编制和审核公司《2025 年半年度报告》及《2025 年半年度报告摘要》的程序符合法律、行政法规和中国证监会的规定，报告内容 真实、准确 ...

Important Notice, Table of Contents, and Definitions This section provides essential disclaimers, outlines the report's structure, and defines key terms for clarity [Important Notice](index=2&type=section&id=Important%20Notice) Board assures report accuracy and completeness, cautions investors on forward-looking statements, and confirms no cash dividends planned - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with no false records, misleading statements, or major omissions[4](index=4&type=chunk) - Forward-looking statements regarding future plans in this report do not constitute a substantive commitment by the company to investors, who should maintain sufficient awareness of associated risks[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) The report lists nine main chapters covering company profile, financials, management analysis, governance, and other key data - The report comprises nine main chapters, covering company profile, financial indicators, management discussion and analysis, corporate governance, significant matters, share changes, bond information, financial reports, and other submitted data[8](index=8&type=chunk) - Reference documents include financial statements signed and sealed by the legal representative, chief accountant, and head of the accounting department, as well as originals of all publicly disclosed company documents and announcements during the reporting period[10](index=10&type=chunk)[11](index=11&type=chunk)[12](index=12&type=chunk) [Definitions](index=5&type=section&id=Definitions) The report defines general and professional terms, including AI, deep learning, smart ports, and intelligent transportation - General terms include the company, this company, Maxvision, and its main subsidiaries (e.g., Shenzhen Maxvision, Wuhan Maxvision, Hong Kong Maxvision)[14](index=14&type=chunk) - Professional terms cover core concepts such as Artificial Intelligence (AI), Deep Learning (DL), ports, customs, border inspection, inspection and quarantine, smart ports, smart airports, and intelligent transportation[14](index=14&type=chunk)[15](index=15&type=chunk) Company Profile and Key Financial Indicators This section provides company basic information, contact details, and a summary of key financial performance and position [Company Profile](index=7&type=section&id=Company%20Profile) Maxvision Corporation is listed on the Shenzhen Stock Exchange (002990), with Qu Lei as legal representative, and is changing its registered address - The company's stock abbreviation is Maxvision, stock code **002990**, listed on the Shenzhen Stock Exchange[17](index=17&type=chunk) - The company's legal representative is Qu Lei[17](index=17&type=chunk) - The company's registered address will change to Room 1705, 17th Floor, Tairan Cangsang Building, No. 25 Tairan 7th Road, Tianan Community, Shatou Street, Futian District, Shenzhen, pending shareholder approval[19](index=19&type=chunk) [Contact Persons and Information](index=7&type=section&id=Contact%20Persons%20and%20Information) Contact details for Board Secretary Qin Cao and Securities Affairs Representative Liang Fang are provided for investor communication - The Board Secretary is Qin Cao, and the Securities Affairs Representative is Liang Fang[18](index=18&type=chunk) - The contact address is Maxvision Building, No. 11 Gaoxin North 4th Road, Nanshan District, Shenzhen, telephone 0755-83849249, and email investor@maxvision.com.cn[18](index=18&type=chunk) [Other Information](index=7&type=section&id=Other%20Information) Company contact information and registered address are changing, while information disclosure locations remain unchanged - The company's registered address will change to Room 1705, 17th Floor, Tairan Cangsang Building, No. 25 Tairan 7th Road, Tianan Community, Shatou Street, Futian District, Shenzhen, pending shareholder approval[19](index=19&type=chunk) - Information disclosure and storage locations remained unchanged during the reporting period, as detailed in the 2024 annual report[20](index=20&type=chunk) [Key Accounting Data and Financial Indicators](index=8&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) Operating revenue and net profit significantly decreased year-on-year, while net cash flow from operating activities improved substantially Key Accounting Data and Financial Indicators (Current Period vs. Prior Year) | Indicator | Current Period (RMB) | Prior Year (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 549,060,545.49 | 633,180,579.36 | -13.29% | | Net Profit Attributable to Shareholders of Listed Company | 24,081,553.43 | 86,899,518.73 | -72.29% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 15,641,426.26 | 72,625,968.62 | -78.46% | | Net Cash Flow from Operating Activities | 25,409,833.85 | -151,271,783.72 | 116.80% | | Basic Earnings Per Share (RMB/share) | 0.09 | 0.34 | -73.53% | | Diluted Earnings Per Share (RMB/share) | 0.09 | 0.34 | -73.53% | | Weighted Average Return on Net Assets | 0.99% | 3.73% | -2.74% | Key Accounting Data and Financial Indicators (End of Current Period vs. End of Prior Year) | Indicator | End of Current Period (RMB) | End of Prior Year (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,580,994,509.12 | 3,447,706,750.79 | 3.87% | | Net Assets Attributable to Shareholders of Listed Company | 2,393,116,326.39 | 2,400,418,108.43 | -0.30% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=8&type=section&id=Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) The company reported no differences in net profit and net assets between financial statements under Chinese and overseas accounting standards - During the reporting period, the company reported no differences in net profit and net assets between financial statements disclosed under international accounting standards and Chinese accounting standards[22](index=22&type=chunk) - During the reporting period, the company reported no differences in net profit and net assets between financial statements disclosed under overseas accounting standards and Chinese accounting standards[23](index=23&type=chunk) [Non-recurring Gains and Losses and Amounts](index=9&type=section&id=Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Total non-recurring gains and losses amounted to **RMB 8.44 million**, primarily from entrusted investment income and government grants Non-recurring Gains and Losses and Amounts | Item | Amount (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -3,226.74 | | Government grants recognized in current profit or loss (excluding those continuously related to the company's normal business operations) | 789,397.40 | | Gains or losses from entrusted investment or asset management | 8,431,229.26 | | Other non-operating income and expenses apart from the above | 780,904.28 | | Less: Income tax impact | 1,558,177.03 | | **Total** | **8,440,127.17** | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses, nor does it classify non-recurring gains and losses as recurring items[25](index=25&type=chunk) Management Discussion and Analysis This section analyzes the company's business operations, core competencies, financial performance, investment activities, and risk factors [Principal Businesses Engaged in by the Company During the Reporting Period](index=10&type=section&id=Principal%20Businesses%20Engaged%20in%20by%20the%20Company%20During%20the%20Reporting%20Period) The company researches AI, big data, and IoT, providing smart products and "AI+industry" solutions, focusing on smart port systems - The company is a national high-tech enterprise engaged in research on new-generation information technologies such as AI, big data, and IoT, providing smart products and "AI+industry" solutions[27](index=27&type=chunk) - Its core business is integrated solutions for smart port inspection systems, covering intelligent customs clearance and supervision for border inspection and customs at air, land, and water ports[27](index=27&type=chunk) - Based on its smart port technology accumulation, the business has expanded to intelligent transportation, smart airports, smart parks, smart city management, smart fire protection, and other fields[27](index=27&type=chunk)[32](index=32&type=chunk) [Main Business](index=10&type=section&id=Main%20Business) Company specializes in smart port inspection systems, leveraging AI, and has expanded into intelligent transportation and smart airports - Smart port business utilizes artificial intelligence technology to provide self-service inspection, smart customs traveler facial recognition, and smart quarantine systems, covering aviation, land, and water ports[27](index=27&type=chunk) - Intelligent transportation business has built a product and service system centered on artificial intelligence and big data, offering ITS software and hardware products like traffic control platforms and signal controllers, while actively expanding into overseas markets[30](index=30&type=chunk)[31](index=31&type=chunk) - Smart airport business has developed unmanned systems for self-service check-in, self-service baggage drop, and self-service security checks, with the self-service security check system being a national first[32](index=32&type=chunk) - Other AI+industry applications include smart parks, smart city management, and smart fire protection, promoting the implementation of artificial intelligence technology across various industries[32](index=32&type=chunk) [Overview of Company Operations During the Reporting Period](index=11&type=section&id=Overview%20of%20Company%20Operations%20During%20the%20Reporting%20Period) Overseas revenue grew **481.34%**, but overall operating revenue and net profit decreased due to project delays, asset impairment, and share-based payment expenses Key Financial Performance During the Reporting Period | Indicator | Current Period (RMB 10,000) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 54,906.05 | -13.29% | | Net Profit Attributable to Shareholders of Listed Company | 2,408.16 | -72.29% | - Overseas business recognized revenue of **RMB 19.56 million**, a year-on-year increase of **481.34%**, with continuous improvement in sales network and gradual expansion of overseas teams[39](index=39&type=chunk) - The company completed a full-stack optimization and upgrade around the "Shengsuan" large model technology base, building a "1+N+X" R&D system, and deploying AI application platforms and intelligent agents in core business scenarios such as customs, border inspection, and government affairs[40](index=40&type=chunk)[41](index=41&type=chunk)[42](index=42&type=chunk) - Active innovation in the digital human field, building an intelligent driving engine based on multi-modal large models, has already deployed digital humans to provide consulting services in smart port scenarios[43](index=43&type=chunk) - New localized document research products achieved initial market success, with phased research results in high-speed document data collection and processing, and multi-dimensional security authentication technology system construction[44](index=44&type=chunk)[45](index=45&type=chunk) - Successfully launched self-service departure tax refund machines, achieving a "person-document-item" integrated automated verification closed-loop, enhancing international passenger customs clearance efficiency[46](index=46&type=chunk)[47](index=47&type=chunk) - Key progress was made in humanoid robot R&D, with breakthroughs in gait control and hand-eye coordination, and the successful acquisition of Aldebaran's core robot assets, accelerating the layout of the humanoid robot industry[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) - The decline in performance was primarily due to delayed project acceptance caused by changes in user requirements for some major projects, the provision for asset impairment of **RMB 77.30 million**, and the recognition of share-based payment expenses of **RMB 17.21 million** from the restricted stock incentive plan[35](index=35&type=chunk) [Industry Development and Policy Impact](index=14&type=section&id=Industry%20Development%20and%20Policy%20Impact) National policies drive smart port construction, humanoid robotics is a tech frontier, and the digital economy creates favorable international conditions - The nation continues to deepen its fundamental policy of opening-up, optimizing transit visa-free policies, with cumulative entry and exit personnel inspected by national immigration management agencies reaching **333 million** in the first half of 2025, a year-on-year increase of **15.80%**[50](index=50&type=chunk)[51](index=51&type=chunk) - The construction of new-generation smart ports is being fully promoted, with the General Administration of Customs aiming to establish the basic framework of smart customs by 2026 and a complete system by 2029, and various regions have introduced smart port construction plans[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk) - The humanoid robot industry has become a fiercely contested technological frontier, with China issuing the "Guidance Opinions on Innovation and Development of Humanoid Robots," projecting the Chinese humanoid robot market to reach **RMB 8.239 billion** by 2025[59](index=59&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk) - The digital economy is rapidly developing as a national strategy, with the added value of core digital economy industries expected to account for **10% of GDP** by 2025; multilateral and bilateral international cooperation (e.g., "Belt and Road" Digital Economy International Cooperation Initiative, "Smart Customs" Partner Program) creates favorable conditions for the company's overseas market expansion[63](index=63&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk)[67](index=67&type=chunk) [Analysis of Core Competencies](index=17&type=section&id=Analysis%20of%20Core%20Competencies) Core competencies include strong R&D in AI and embedded hardware, comprehensive smart solutions, product innovation, and leading robotics technology - The company possesses the Guangdong Smart Port Engineering Technology Research Center, Shenzhen Image Intelligent Analysis Engineering Technology Research Center, and a Post-doctoral Innovation Practice Base, with R&D personnel accounting for nearly **50%**, and an average R&D investment exceeding **10% of operating revenue** over the past three years[68](index=68&type=chunk) - In hardware R&D, an AI product R&D technology platform has been formed, dominated by embedded hardware platforms and centered on AI processor applications, mastering technologies such as human, vehicle, and object positioning and tracking, robot servo control, and multi-modal biometric recognition[68](index=68&type=chunk)[69](index=69&type=chunk) - In software R&D, a one-stop intelligent management platform (e.g., border inspection duty command and management platform, customs traveler risk prevention and control platform) and intelligent transportation edge gateways and lightweight traffic control platforms have been built[69](index=69&type=chunk)[70](index=70&type=chunk) - The company is an industry leader with successful cases in integrated solutions for smart port inspection systems, capable of providing full-process solutions from front-end equipment to back-end systems, and has extended its reach to smart airports and smart parks[72](index=72&type=chunk)[73](index=73&type=chunk) - The company holds an advantage in product innovation, having pioneered multiple innovative products such as self-service passenger inspection channels, one-stop vehicle release systems, and customs smart traveler facial recognition systems[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk) - The company has deep expertise in robotics technology, mastering core technologies such as multi-modal fusion perception, intent recognition and decision-making, vertical domain-specific large models, and high-precision motion control, and successfully acquired Nao robot assets[77](index=77&type=chunk)[78](index=78&type=chunk)[79](index=79&type=chunk)[80](index=80&type=chunk)[81](index=81&type=chunk)[82](index=82&type=chunk)[83](index=83&type=chunk) - The "Maxvision" brand holds significant influence in domestic port and airport sectors, having received numerous honors and product awards, while Nao robots enjoy high global recognition and customer base in education and research[82](index=82&type=chunk)[83](index=83&type=chunk) - The company boasts a rich product structure and a sound national marketing and service network, with subsidiaries or offices established in Hong Kong, Macau, Nigeria, Cambodia, UAE, and Saudi Arabia, actively expanding overseas markets[83](index=83&type=chunk)[84](index=84&type=chunk) - Through equity incentives and employee welfare system development, the company maintains a stable core employee team, with senior management having an average tenure of over **20 years**[84](index=84&type=chunk)[85](index=85&type=chunk) [Analysis of Main Business](index=21&type=section&id=Analysis%20of%20Main%20Business) Operating revenue decreased **13.29%** due to project delays, leading to a **72.29%** drop in net profit, while overseas revenue significantly increased Year-on-Year Changes in Key Financial Data | Indicator | Current Period (RMB) | Prior Year (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 549,060,545.49 | 633,180,579.36 | -13.29% | Some projects not completed as planned | | Operating Cost | 333,326,892.37 | 365,296,867.42 | -8.75% | Decrease in operating revenue | | Administrative Expenses | 25,119,142.74 | 18,526,103.66 | 35.59% | Increase in share-based payment expenses due to employee equity incentive plan | | R&D Investment | 85,824,029.26 | 74,170,948.19 | 15.71% | Increased R&D investment and share-based payment expenses due to employee equity incentive plan | | Net Cash Flow from Operating Activities | 25,409,833.85 | -151,271,783.72 | 116.80% | Increased customer collections and reduced payments for goods purchased | | Income Tax Expense | -14,411,603.26 | 6,041,853.04 | -338.53% | Decrease in taxable income and impact of deferred income tax assets | Operating Revenue Composition (by Product) | Product Category | Current Period Amount (RMB) | % of Operating Revenue | Prior Year Amount (RMB) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Smart Port Inspection System Solutions | 491,651,661.25 | 89.54% | 494,318,333.07 | 78.07% | -0.54% | | Intelligent Transportation and Other | 56,627,767.43 | 10.32% | 135,239,575.71 | 21.36% | -58.13% | Operating Revenue Composition (by Region) | Region | Current Period Amount (RMB) | % of Operating Revenue | Prior Year Amount (RMB) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | North China | 315,104,242.36 | 57.39% | 117,410,928.80 | 18.54% | 168.38% | | Southwest China | 99,609,674.06 | 18.14% | 22,784,713.93 | 3.60% | 337.18% | | Overseas | 19,560,056.94 | 3.56% | 3,364,628.95 | 0.53% | 481.34% | - Revenue from intelligent transportation and other businesses showed a significant year-on-year change, mainly due to delayed acceptance of some projects during the reporting period[92](index=92&type=chunk) - Operating revenue by region showed significant year-on-year changes, primarily influenced by the location of single large projects and customer acceptance timelines[93](index=93&type=chunk) [Analysis of Non-Principal Businesses](index=23&type=section&id=Analysis%20of%20Non-Principal%20Businesses) Non-principal businesses significantly impacted total profit, with investment income from wealth management products being a key contributor Impact of Non-Principal Businesses on Total Profit | Item | Amount (RMB) | % of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 8,522,216.06 | 88.13% | Income from purchasing wealth management products | Yes | | Asset Impairment | -1,041,756.70 | -10.77% | Provision for inventory depreciation and contract asset impairment | Yes | | Other Income | 5,794,666.28 | 59.92% | Software tax refunds and other government grants | Yes | | Credit Impairment Losses | -76,261,457.64 | -788.64% | Provision for doubtful accounts | Yes | [Analysis of Assets and Liabilities](index=24&type=section&id=Analysis%20of%20Assets%20and%20Liabilities) Total assets increased **3.87%**, with significant increases in inventory, fixed assets, and contract liabilities, while construction in progress decreased Significant Changes in Asset Composition | Item | End of Current Period Amount (RMB) | % of Total Assets | End of Prior Year Amount (RMB) | % of Total Assets | % Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Inventory | 313,160,962.39 | 8.75% | 236,502,818.24 | 6.86% | 1.89% | Increase in contract performance costs for project stocking | | Fixed Assets | 309,035,297.42 | 8.63% | 173,009,383.07 | 5.02% | 3.61% | Wuhan Maxvision Building completed and transferred to fixed assets | | Construction in Progress | 2,572,357.95 | 0.07% | 112,243,177.43 | 3.26% | -3.19% | Wuhan Maxvision Building completed and transferred to fixed assets | | Contract Liabilities | 174,829,603.19 | 4.88% | 136,901,287.12 | 3.97% | 0.91% | Increase in project prepayments received from customers | | Other Payables | 99,111,018.07 | 2.77% | 45,944,693.60 | 1.33% | 1.44% | Due to implementation of employee equity incentive plan | - Cash and cash equivalents at period-end totaled **RMB 1.189 billion**, of which **RMB 2.3114 million** was restricted as guarantee deposits for letters of guarantee[99](index=99&type=chunk)[104](index=104&type=chunk)[316](index=316&type=chunk)[317](index=317&type=chunk) - The company reported no significant changes in assets and liabilities measured at fair value during the reporting period[102](index=102&type=chunk) [Analysis of Investment Status](index=26&type=section&id=Analysis%20of%20Investment%20Status) Investment amount was **RMB 0**, a **100%** decrease, with raised capital utilization at **74.21%**, but project progress lagged expectations Investment Amount During the Reporting Period | Indicator | Investment Amount (RMB) | Prior Year Investment Amount (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Investment Amount | 0.00 | 50,000,000.00 | -100.00% | Overall Utilization of Raised Funds | Total Raised Funds (RMB 10,000) | Net Raised Funds (RMB 10,000) | Total Raised Funds Used in Current Period (RMB 10,000) | Total Raised Funds Used Cumulatively (RMB 10,000) | % of Raised Funds Used at Period-End | | :--- | :--- | :--- | :--- | :--- | | 116,172.36 | 103,676.00 | 3,193.93 | 76,942.89 | 74.21% | - The progress of the raised fund investment projects lagged expectations, mainly due to the failure to acquire suitable properties in Shenzhen, slow approval processes in Wuhan, and the upgrade of the Better Building, leading to multiple delays until June 30, 2025[115](index=115&type=chunk) - The company plans to permanently supplement working capital with **RMB 288.7362 million** of unutilized raised funds (including interest income and net investment income) for daily operations, pending shareholder approval[116](index=116&type=chunk) - The outcomes of the raised fund investment projects are reflected in enhanced overall R&D capabilities and product quality, but due to the business model, operating revenue, costs, and expenses cannot be directly and precisely accounted for independently, thus making it impossible to calculate individual benefits[115](index=115&type=chunk) [Significant Asset and Equity Disposals](index=30&type=section&id=Significant%20Asset%20and%20Equity%20Disposals) During the reporting period, the company did not engage in any significant asset or equity disposal activities - The company did not dispose of any significant assets during the reporting period[118](index=118&type=chunk) - The company did not engage in any significant equity disposals during the reporting period[119](index=119&type=chunk) [Analysis of Major Holding and Participating Companies](index=30&type=section&id=Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Shenzhen Maxvision, a major subsidiary, achieved **RMB 84.8027 million** in revenue and **RMB 3.3221 million** in net profit; no subsidiaries were acquired or disposed Financial Performance of Major Subsidiary Shenzhen Maxvision | Company Name | Company Type | Main Business | Registered Capital (RMB 10,000) | Total Assets (RMB 10,000) | Net Assets (RMB 10,000) | Operating Revenue (RMB 10,000) | Operating Profit (RMB 10,000) | Net Profit (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Maxvision | Subsidiary | Software Development | 6,500.00 | 15,889.10 | 2,996.41 | 8,480.27 | 332.23 | 332.21 | - The company neither acquired nor disposed of any subsidiaries during the reporting period[120](index=120&type=chunk) [Information on Structured Entities Controlled by the Company](index=30&type=section&id=Information%20on%20Structured%20Entities%20Controlled%20by%20the%20Company) During the reporting period, the company did not control any structured entities - The company did not control any structured entities during the reporting period[120](index=120&type=chunk) [Risks Faced by the Company and Countermeasures](index=30&type=section&id=Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces R&D, project execution, growth, receivables impairment, and macroeconomic risks, addressed by R&D, market expansion, and risk management - Product and technology R&D risk: Company's industry has high technical requirements; inaccurate R&D timing, slow conversion, or deviation from customer needs may prevent products from gaining technological advantages or lead to substitution. Countermeasures include increasing the breadth and depth of new technology research, continuous monitoring, and launching competitive products[120](index=120&type=chunk)[121](index=121&type=chunk) - Project contract execution risk: Uncontrollable factors may delay project delivery, affecting revenue recognition. Countermeasures include strengthening communication with customers and striving to ensure smooth project delivery[121](index=121&type=chunk)[122](index=122&type=chunk) - Growth sustainability risk: Business is affected by policies, competition, technology, public health, and other factors, potentially leading to difficulties in performance growth or decline. Countermeasures include comprehensive application of new-generation information technologies, increased R&D investment, expansion of domestic and international markets, and steady progress in investment and M&A[122](index=122&type=chunk) - Impairment provision risk for receivables: Business growth leads to high receivable balances, and untimely collection may impact profit. Countermeasures include improving collection management systems, strengthening collection efforts, and reducing impairment risk[123](index=123&type=chunk) - Macroeconomic environment risk: The complex and severe international political and economic situation may affect industry prosperity and overseas business expansion. Countermeasures include continuous monitoring of the situation, enhancing core competitiveness, and flexibly responding to adverse impacts[123](index=123&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=31&type=section&id=Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company has not formulated a market value management system nor disclosed a valuation enhancement plan - The company has not formulated a market value management system[124](index=124&type=chunk) - The company has not disclosed a valuation enhancement plan[124](index=124&type=chunk) [Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=31&type=section&id=Implementation%20of%20%22Dual%20Improvement%20in%20Quality%20and%20Returns%22%20Action%20Plan) The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan - The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan[124](index=124&type=chunk) Corporate Governance, Environment, and Society This section details changes in management, profit distribution, equity incentives, and environmental and social responsibility performance [Changes in Directors, Supervisors, and Senior Management](index=32&type=section&id=Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) Employee representative supervisor Lin Xiulan resigned, and Xiao Huiyuan was elected as the new employee representative supervisor Changes in Directors, Supervisors, and Senior Management | Name | Position | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Lin Xiulan | Employee Representative Supervisor | Resignation | March 06, 2025 | Personal reasons | | Xiao Huiyuan | Employee Representative Supervisor | Election | March 07, 2025 | Job transfer | [Profit Distribution and Capital Reserve Conversion to Share Capital in Current Period](index=32&type=section&id=Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20in%20Current%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period[127](index=127&type=chunk) [Implementation of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=32&type=section&id=Implementation%20of%20Company%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company continued 2021 and 2024 restricted stock incentive plans, with some restrictions lifted and new shares granted - The third restricted period for the reserved grant portion of the 2021 Restricted Stock Incentive Plan expired on January 20, 2025, with **341,863 shares** of restricted stock held by 90 incentive recipients having been lifted and listed for trading on February 21, 2025[132](index=132&type=chunk) - The 2024 Restricted Stock Incentive Plan was initially granted on January 22, 2025, awarding **5.2757 million restricted shares** to 293 incentive recipients at a grant price of **RMB 11.84/share**, which were listed on February 26, 2025[136](index=136&type=chunk) - During the reporting period, the company initiated procedures for repurchasing and canceling a total of **29,750 restricted shares** that had been granted but not yet lifted for 6 reserved grant recipients under the 2021 plan and 1 initial grant recipient under the 2024 plan who had since resigned[133](index=133&type=chunk)[136](index=136&type=chunk) [Environmental Information Disclosure](index=36&type=section&id=Environmental%20Information%20Disclosure) The company and its major subsidiaries are not 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[138](index=138&type=chunk) [Social Responsibility](index=36&type=section&id=Social%20Responsibility) The company actively fulfills social responsibilities by expanding markets, prioritizing shareholder interests, enhancing employee welfare, and operating with integrity - The company actively expands domestic and international markets, steadily advances various businesses, and promotes healthy and sustainable corporate development[138](index=138&type=chunk) - It prioritizes shareholder interests, implementing the 2024 equity distribution plan to distribute **RMB 54.8746 million** in cash dividends to shareholders[138](index=138&type=chunk) - Facing core backbone employees, the company implements equity incentives, actively seeks affordable housing within Shenzhen's policy framework for employees, and continuously improves employee incentive mechanisms and benefits[138](index=138&type=chunk) - It operates with integrity, pays taxes according to law, provides employment opportunities, and strives for harmonious development between itself and society[138](index=138&type=chunk) Significant Matters This section covers various significant corporate events, including commitments, related party transactions, guarantees, and litigation [Commitments Fulfilled and Overdue Unfulfilled by Controlling Shareholder, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=37&type=section&id=Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20by%20Controlling%20Shareholder%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) No commitments by controlling shareholder, shareholders, related parties, acquirers, or the company were fulfilled or overdue and unfulfilled - During the reporting period, there were no commitments by the company's actual controller, shareholders, related parties, acquirers, or the company that were either fulfilled or overdue and unfulfilled as of the end of the reporting period[140](index=140&type=chunk) [Non-Operating Funds Occupied by Controlling Shareholder and Other Related Parties from the Listed Company](index=37&type=section&id=Non-Operating%20Funds%20Occupied%20by%20Controlling%20Shareholder%20and%20Other%20Related%20Parties%20from%20the%20Listed%20Company) No non-operating funds were occupied by the controlling shareholder or other related parties from the listed company - During the reporting period, there were no instances of non-operating funds being occupied by the controlling shareholder or other related parties from the listed company[141](index=141&type=chunk) [Irregular External Guarantees](index=37&type=section&id=Irregular%20External%20Guarantees) During the reporting period, the company had no irregular external guarantees - The company had no irregular external guarantees during the reporting period[142](index=142&type=chunk) [Appointment and Dismissal of Accounting Firms](index=37&type=section&id=Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[143](index=143&type=chunk)[194](index=194&type=chunk) [Board of Directors' and Supervisory Board's Explanations on "Non-Standard Audit Report" for the Current Period](index=37&type=section&id=Board%20of%20Directors'%20and%20Supervisory%20Board's%20Explanations%20on%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Current%20Period) The company did not have a non-standard audit report during the reporting period - The company did not have a non-standard audit report during the reporting period[144](index=144&type=chunk) [Board of Directors' Explanations on "Non-Standard Audit Report" for the Prior Year](index=37&type=section&id=Board%20of%20Directors'%20Explanations%20on%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Prior%20Year) The company did not provide explanations regarding a non-standard audit report for the prior year - The company did not provide explanations regarding a non-standard audit report for the prior year during the reporting period[144](index=144&type=chunk) [Bankruptcy and Reorganization Matters](index=37&type=section&id=Bankruptcy%20and%20Reorganization%20Matters) 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[144](index=144&type=chunk) [Litigation Matters](index=37&type=section&id=Litigation%20Matters) No significant litigation or arbitration matters occurred; other minor cases totaling **RMB 84,900** were unresolved but had no material impact - The company had no significant litigation or arbitration matters during the current reporting period[145](index=145&type=chunk) Summary of Other Litigation Matters | Basic Information of Litigation (Arbitration) | Amount Involved (RMB 10,000) | Provision for Estimated Liabilities | Progress of Litigation (Arbitration) | Outcome and Impact of Litigation (Arbitration) | | :--- | :--- | :--- | :--- | :--- | | Summary of other litigation and arbitration not meeting the disclosure threshold for significant litigation | 8.49 | No | Unresolved as of the end of the reporting period | No material impact | [Penalties and Rectification](index=38&type=section&id=Penalties%20and%20Rectification) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[147](index=147&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=38&type=section&id=Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) The company, its controlling shareholder, and actual controller maintained good integrity, with no unfulfilled obligations or large overdue debts - During the reporting period, the company, its controlling shareholder, and actual controller maintained good integrity, with no unfulfilled obligations from effective court judgments or large overdue debts[148](index=148&type=chunk) [Significant Related Party Transactions](index=38&type=section&id=Significant%20Related%20Party%20Transactions) No related party transactions involving daily operations, asset/equity, joint investments, or fund transfers occurred - The company did not engage in related party transactions related to daily operations during the reporting period[149](index=149&type=chunk) - The company did not engage in related party transactions involving asset or equity acquisitions/disposals during the reporting period[150](index=150&type=chunk) - The company had no related party creditor or debtor relationships during the reporting period[152](index=152&type=chunk) - The company had no deposits, loans, credit lines, or other financial business with affiliated financial companies[153](index=153&type=chunk) [Significant Contracts and Their Performance](index=39&type=section&id=Significant%20Contracts%20and%20Their%20Performance) No entrustment or contracting matters; total lease expenses were **RMB 8.4994 million**; guarantees to subsidiaries totaled **RMB 120 million**; wealth management of **RMB 1.146 billion** was fully recovered - The company had no entrustment or contracting situations during the reporting period[156](index=156&type=chunk)[157](index=157&type=chunk) - The company leased the 42nd, 43rd, and 45th floors of Block A, Xinhao E-Park, Futian District, Shenzhen, as its headquarters and Shenzhen R&D center, with total lease expenses of **RMB 8.4994 million**[158](index=158&type=chunk) Company Guarantees to Subsidiaries | Name of Guaranteed Party | Guarantee Limit (RMB 10,000) | Actual Guarantee Amount (RMB 10,000) | Guarantee Type | Guarantee Period | Fulfilled | Related Party Guarantee | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Maxvision Technology Co., Ltd. | 30,000 | 5,000 | Joint and several liability guarantee | 2 years | No | No | | Hainan Smart Human Technology Co., Ltd. | 18,000 | 13,000 | Joint and several liability guarantee | 3 years | Yes | No | | Shenzhen Maxvision Technology Co., Ltd. | 30,000 | 5,000 | Joint and several liability guarantee | 3 years | Yes | No | | Hong Kong Maxvision Technology Co., Ltd. | 78.09 | 78.09 | Joint and several liability guarantee | Period until expiration of statute of limitations | Yes | No | | Hong Kong Maxvision Technology Co., Ltd. | 973.62 | 973.62 | Joint and several liability guarantee | Period until expiration of statute of limitations | Yes | No | | Hainan Smart Human Technology Co., Ltd. | 55,000 | 2,000 | Joint and several liability guarantee | 2 years | No | No | | Shenzhen Maxvision Technology Co., Ltd. | 30,000 | 5,000 | Joint and several liability guarantee | 3 years | No | No | - As of the end of the reporting period, the approved guarantee limit for subsidiaries totaled **RMB 2 billion**, with an actual guarantee balance of **RMB 120 million**, accounting for **5.01%** of the company's net assets[162](index=162&type=chunk) Entrusted Wealth Management | Specific Type | Source of Funds for Entrusted Wealth Management | Amount of Entrusted Wealth Management (RMB 10,000) | Unmatured Balance (RMB 10,000) | Overdue Unrecovered Amount (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 25,000 | 0 | 0 | | Bank Wealth Management Products | Raised Funds | 29,600 | 0 | 0 | | Brokerage Wealth Management Products | Own Funds | 60,000 | 0 | 0 | | **Total** | | **114,600** | **0** | **0** | - The total amount recovered from entrusted wealth management in the current period was **RMB 8.431 million**, with no situations where principal was expected to be unrecoverable or other potential impairment issues[166](index=166&type=chunk)[170](index=170&type=chunk) [Explanation of Other Significant Matters](index=46&type=section&id=Explanation%20of%20Other%20Significant%20Matters) The company completed registered capital change from **RMB 256.031688 million** to **RMB 261.307388 million** and filed its Articles of Association - The company completed the industrial and commercial change registration of its registered capital, increasing it from **RMB 256.031688 million** to **RMB 261.307388 million**[172](index=172&type=chunk) - The company filed its Articles of Association[172](index=172&type=chunk) [Significant Matters of Company Subsidiaries](index=46&type=section&id=Significant%20Matters%20of%20Company%20Subsidiaries) The company's subsidiaries had no significant matters during the reporting period - The company's subsidiaries had no significant matters during the reporting period[173](index=173&type=chunk) Share Changes and Shareholder Information This section details changes in share capital, securities issuance, shareholder structure, and management holdings [Share Change Status](index=47&type=section&id=Share%20Change%20Status) Total shares increased from **256.031688 million** to **261.307388 million** due to equity incentive plans, increasing restricted shares Share Change Status | Share Category | Number Before Change (shares) | Proportion Before Change | Increase/Decrease in Current Period (shares) | Number After Change (shares) | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 122,253,663 | 47.75% | 4,958,337 | 127,212,000 | 48.68% | | II. Unrestricted Shares | 133,778,025 | 52.25% | 317,363 | 134,095,388 | 51.32% | | **III. Total Shares** | **256,031,688** | **100.00%** | **5,275,700** | **261,307,388** | **100.00%** | - For the third restricted period of the 2021 Restricted Stock Incentive Plan's reserved grant portion, **341,863 restricted shares** held by 90 incentive recipients were processed for lifting restrictions, with **317,363 shares** actually lifted[176](index=176&type=chunk) - The 2024 Restricted Stock Incentive Plan initially granted **5,275,700 restricted shares** to 293 incentive recipients, leading to an increase in the company's total shares[176](index=176&type=chunk) [Changes in Restricted Shares](index=48&type=section&id=Changes%20in%20Restricted%20Shares) Total restricted shares at period-end were **127.212 million**, increasing due to equity incentive grants and decreasing from lifted restrictions Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period | Shares Unlocked in Current Period | Shares Added in Current Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Qu Lei | 121,650,000 | 0 | 0 | 121,650,000 | Senior Management Lock-up Shares | | Jiang Bing | 60,075 | 0 | 192,000 | 252,075 | Equity Incentive Restricted Shares | | Lai Shiwu | 59,625 | 10,500 | 144,000 | 203,625 | Equity Incentive Restricted Shares | | Qin Cao | 56,550 | 14,000 | 132,000 | 188,550 | Equity Incentive Restricted Shares | | Hu Gang | 21,075 | 0 | 144,000 | 165,075 | Equity Incentive Restricted Shares | | Huang Xin | 21,075 | 0 | 132,000 | 153,075 | Equity Incentive Restricted Shares | | Miao Yingliang | 21,075 | 0 | 80,000 | 101,075 | Equity Incentive Restricted Shares | | Gong Tao | 24,075 | 0 | 0 | 24,075 | Senior Management Lock-up Shares | | Other Equity Incentive Restricted Shareholders Total | 340,113 | 317,363 | 4,451,700 | 4,474,450 | Equity Incentive Restricted Shares | | **Total** | **122,253,663** | **317,363** | **5,275,700** | **127,212,000** | | [Securities Issuance and Listing](index=49&type=section&id=Securities%20Issuance%20and%20Listing) **5.2757 million** restricted shares from the 2024 Restricted Stock Incentive Plan were listed on February 26, 2025 Securities Issuance and Listing During the Reporting Period | Stock Name | Issuance Date | Issuance Price (RMB/share) | Issuance Quantity (shares) | Listing Date | Quantity Approved for Listing (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | RMB Common Stock (2024 Restricted Stock Incentive Plan Initial Grant) | January 22, 2025 | 11.84 | 5,275,700 | February 26, 2025 | 5,275,700 | [Number of Shareholders and Shareholding Structure](index=50&type=section&id=Number%20of%20Shareholders%20and%20Shareholding%20Structure) The company had **24,603** common shareholders; controlling shareholder Qu Lei held **61.61%**, with **5.69 million** shares pledged - At the end of the reporting period, the total number of common shareholders was **24,603**[184](index=184&type=chunk) Top 10 Shareholders' Shareholding Information | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held at Period-End (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | Share Status | Number of Pledged, Marked, or Frozen Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Qu Lei | Domestic Natural Person | 61.61% | 161,000,000 | 121,650,000 | 39,350,000 | Pledged | 5,690,000 | | Zhoushan Smart Human Enterprise Management Consulting Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 4.06% | 10,601,300 | 0 | 10,601,300 | Not Applicable | 0 | | Zhoushan Yunzhihui Enterprise Management Consulting Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 3.24% | 8,477,500 | 0 | 8,477,500 | Not Applicable | 0 | - Zhoushan Smart Human Enterprise Management Consulting Partnership (Limited Partnership) and Zhoushan Yunzhihui Enterprise Management Consulting Partnership (Limited Partnership) are employee stock ownership platforms of the company and have a concerted action relationship with Qu Lei[185](index=185&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=52&type=section&id=Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) Chairman Qu Lei's shareholding decreased by **1.2 million shares**, while other directors and senior management increased holdings due to new equity grants Changes in Shareholdings of Directors, Supervisors, and Senior Management | Name | Position | Shares Held at Beginning of Period (shares) | Shares Increased in Current Period (shares) | Shares Decreased in Current Period (shares) | Shares Held at End of Period (shares) | Number of Restricted Shares Granted in Current Period (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Qu Lei | Chairman | 162,200,000 | 0 | 1,200,000 | 161,000,000 | 0 | | Jiang Bing | Director, General Manager | 80,100 | 192,000 | 0 | 272,100 | 192,000 | | Huang Xin | Director, Deputy General Manager | 28,100 | 132,000 | 0 | 160,100 | 132,000 | | Hu Gang | Director, Deputy General Manager | 28,100 | 144,000 | 0 | 172,100 | 144,000 | | Lai Shiwu | Deputy General Manager | 79,500 | 144,000 | 0 | 223,500 | 144,000 | | Miao Yingliang | Deputy General Manager | 28,100 | 80,000 | 0 | 108,100 | 80,000 | | Qin Cao | Deputy General Manager, Board Secretary | 75,400 | 132,000 | 0 | 207,400 | 132,000 | [Changes in Controlling Shareholder or Actual Controller](index=52&type=section&id=Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) During the reporting period, there were no changes in the company's controlling shareholder or actual controller - The company's controlling shareholder did not change during the reporting period[188](index=188&type=chunk) - The company's actual controller did not change during the reporting period[189](index=189&type=chunk) [Preferred Share Information](index=53&type=section&id=Preferred%20Share%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[190](index=190&type=chunk) Bond-Related Information This section confirms that the company had no bond-related matters during the reporting period [Bond-Related Information](index=54&type=section&id=Bond-Related%20Information) During the reporting period, the company had no bond-related matters - The company had no bond-related matters during the reporting period[192](index=192&type=chunk) Financial Report This section presents the company's unaudited semi-annual financial statements, including detailed notes on accounting policies and financial items [Audit Report](index=55&type=section&id=Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[194](index=194&type=chunk) [Financial Statements](index=55&type=section&id=Financial%20Statements) This section includes the company's 2025 semi-annual consolidated and parent company financial statements, presenting financial position, operating results, and cash flow - Financial statements include the consolidated balance sheet, parent company balance sheet, consolidated income statement, parent company income statement, consolidated cash flow statement, parent company cash flow statement, consolidated statement of changes in owners' equity, and parent company statement of changes in owners' equity[195](index=195&type=chunk)[199](index=199&type=chunk)[203](index=203&type=chunk)[207](index=207&type=chunk)[211](index=211&type=chunk)[213](index=213&type=chunk)[216](index=216&type=chunk)[228](index=228&type=chunk) [Company Basic Information](index=75&type=section&id=Company%20Basic%20Information) Maxvision Corporation, established in 1997 and listed in 2020, operates in software and IT services with **RMB 261.307388 million** registered capital - The company's predecessor Shenzhen Maxvision Industrial Co., Ltd. was established on January 16, 1997, and was wholly restructured into a joint-stock company on June 23, 2016[239](index=239&type=chunk) - The company's shares were listed and traded on the Shenzhen Stock Exchange on May 25, 2020[239](index=239&type=chunk) - As of June 30, 2025, the registered capital is **RMB 261.307388 million**, with a total of **261.307388 million shares**[239](index=239&type=chunk) - The company belongs to the software and information technology services industry, with its main business activities being the R&D, production, and sales of smart products, and providing intelligent system solutions[240](index=240&type=chunk) [Basis of Financial Statement Preparation](index=75&type=section&id=Basis%20of%20Financial%20Statement%20Preparation) The financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue operations - The company's financial statements are prepared on a going concern basis[241](index=241&type=chunk) - The company has no matters or circumstances that would cause significant doubt about its ability to continue as a going concern within 12 months from the end of the reporting period[242](index=242&type=chunk) [Significant Accounting Policies and Estimates](index=75&type=section&id=Significant%20Accounting%20Policies%20and%20Estimates) Financial statements comply with accounting standards, detailing key policies and estimates, with no significant changes during the period - The company's financial statements comply with the requirements of enterprise accounting standards, truthfully and completely reflecting the company's financial position, operating results, and cash flows[244](index=244&type=chunk) - The company identifies individual accounts receivable, construction in progress, and accounts payable/contract liabilities/other payables with an aging over 1 year, and amounts exceeding **0.5% of total assets**, as material items[249](index=249&type=chunk) - Financial assets are classified into three categories: measured at amortized cost, measured at fair value through other comprehensive income, and measured at fair value through profit or loss[255](index=255&type=chunk) - The company makes loss provisions for financial assets measured at amortized cost, debt instrument investments measured at fair value through other comprehensive income, and contract assets based on expected credit losses[260](index=260&type=chunk) - Revenue is recognized when the customer obtains control of the related goods or services, and system implementation services are recognized after installation, debugging, and customer acceptance[296](index=296&type=chunk)[297](index=297&type=chunk) - During the reporting period, the company had no significant changes in accounting policies and accounting estimates[310](index=310&type=chunk) [Taxation](index=90&type=section&id=Taxation) Main taxes include VAT and corporate income tax, benefiting from software VAT refunds and a **15%** high-tech enterprise rate, with varied subsidiary rates Major Tax Categories and Rates | Tax Category | Tax Rate | | :--- | :--- | | Value-Added Tax (VAT) | 13%, 9%, 6% | | Urban Maintenance and Construction Tax | 7%, 5% | | Corporate Income Tax | 25%, 20%, 15%, 8.25%, 0% | | Property Tax | 1.2% | | Education Surcharge | 3% | | Local Education Surcharge | 2% | - The company sells self-developed and produced software products, enjoying a VAT refund policy where the actual VAT burden exceeding **3%** is immediately refunded[312](index=312&type=chunk) - The company and Maxvision Technology Co., Ltd., as high-tech enterprises, are subject to a **15%** corporate income tax rate for the 2024-2026 period[312](index=312&type=chunk)[313](index=313&type=chunk) - Macau Maxvision Co., Ltd.'s profit for the first half of 2025 did not exceed the exemption threshold, resulting in an actual supplementary income tax rate of **0%**; Hong Kong Maxvision Co., Ltd.'s assessable profit for the first half of 2025 did not exceed **HKD 2 million**, resulting in an actual profits tax rate of **8.25%**[313](index=313&type=chunk)[314](index=314&type=chunk) - Hainan Smart Human Co., Ltd. and Shenzhen Maxvision Smart Co., Ltd. are small and micro-profit enterprises, subject to an actual income tax rate of **5.00%**[314](index=314&type=chunk) [Notes to Consolidated Financial Statement Items](index=91&type=section&id=Notes%20to%20Consolidated%20Financial%20Statement%20Items) Detailed notes on consolidated financial statement items, including assets, liabilities, equity, and profit/loss, explain composition and changes - Cash and cash equivalents at period-end totaled **RMB 1.189 billion**, of which **RMB 2.3114 million** was restricted as guarantee deposits for letters of guarantee[316](index=316&type=chunk)[317](index=317&type=chunk) Classification of Notes Receivable | Item | Balance at Period-End (RMB) | Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Bank Acceptance Bills | 5,152,745.90 | 3,325,123.02 | | Commercial Acceptance Bills | 11,491,189.18 | 24,255,580.63 | | **Total** | **16,643,935.08** | **27,580,703.65** | Aging Distribution of Accounts Receivable | Aging | Book Balance at Period-End (RMB) | Book Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Within 1 year | 572,560,371.40 | 543,278,202.23 | | 1-2 years | 461,749,958.32 | 541,668,119.63 | | 2-3 years | 272,246,554.61 | 244,232,334.01 | | Over 3 years | 560,367,828.89 | 418,795,132.89 | | **Total** | **1,866,924,713.22** | **1,747,973,788.76** | Inventory Classification | Item | Book Value at Period-End (RMB) | Book Value at Beginning of Period (RMB) | | :--- | :--- | :--- | | Raw Materials | 40,067,156.81 | 29,719,625.45 | | Merchandise Inventory | 62,065,933.67 | 57,877,338.35 | | Contract Performance Costs | 211,027,871.91 | 148,905,854.44 | | **Total** | **313,160,962.39** | **236,502,818.24** | - Fixed assets at period-end had a book value of **RMB 309.03 million**, primarily comprising **RMB 297 million** in buildings and structures and **RMB 7.8512 million** in electronic equipment, with a **RMB 141 million** increase in fixed assets this period mainly due to the completion and transfer of the Wuhan Maxvision Building[375](index=375&type=chunk)[376](index=376&type=chunk) - Construction in progress at period-end had a book value of **RMB 2.5724 million**, down from **RMB 112 million** at the beginning of the period, mainly due to the completion and transfer of the Wuhan Maxvision office building project to fixed assets[381](index=381&type=chunk)[383](index=383&type=chunk) - Notes payable at period-end totaled **RMB 165 million**, an increase of **35.23%** from the beginning of the period, mainly due to increased use of bank acceptance bills for payment of goods[415](index=415&type=chunk) - Accounts payable at period-end totaled **RMB 508 million**, an increase of **14.99%** from the beginning of the period, mainly due to increased payables for purchased materials for project stocking[417](index=417&type=chunk) - Contract liabilities at period-end totaled **RMB 175 million**, an increase of **27.70%** from the beginning of the period, mainly due to increased project prepayments received from customers[427](index=427&type=chunk) - Current period operating revenue was **RMB 549 million**, and operating cost was **RMB 333 million**; administrative expenses, selling expenses, and R&D expenses all increased due to the recognition of share-based payment expenses from employee equity incentives[458](index=458&type=chunk)[460](index=460&type=chunk)[462](index=462&type=chunk)[464](index=464&type=chunk) - Current period credit impairment losses were **RMB -76.2615 million**, and asset impairment losses were **RMB -1.0418 million**, negatively impacting profit[473](index=473&type=chunk)[475](index=475&type=chunk) [R&D Expenses](index=128&type=section&id=R%26D%20Expenses) Total R&D expenses were **RMB 85.824 million**, all expensed, primarily for employee compensation, materials, and depreciation, including share-based payments R&D Expense Composition | Item | Amount in Current Period (RMB) | Amount in Prior Period (RMB) | | :--- | :--- | :--- | | Employee Compensation and Benefits | 64,827,337.44 | 58,507,523.22 | | Material Costs | 4,206,829.90 | 4,006,043.55 | | Depreciation Expenses | 4,085,029.29 | 3,877,473.26 | | Share-based Payment | 7,484,827.50 | 2,376,293.13 | | **Total** | **85,824,029.26** | **74,170,948.19** | - All R&D expenses in the current period were expensed, with no capitalized R&D expenditures[511](index=511&type=chunk) [Changes in Consolidation Scope](index=128&type=section&id=Changes%20in%20Consolidation%20Scope) No changes in consolidation scope occurred due to business combinations, reverse acquisitions, or subsidiary disposals - During the reporting period, the company experienced no non-same-entity business combinations, same-entity business combinations, reverse acquisitions, or disposal of subsidiaries leading to loss of control[512](index=512&type=chunk) - The company had no other reasons for changes in consolidation scope[513](index=513&type=chunk) [Interests in Other Entities](index=129&type=section&id=Interests%20in%20Other%20Entities) The company owns **13** wholly-owned subsidiaries and an investment in associate Aerospace IoT Technology Co., Ltd. with **RMB 20.8718 million** book value Composition of Enterprise Group (Major Subsidiaries) | Subsidiary Name | Registered Capital | Main Operating Location | Business Nature | Shareholding Ratio (Direct) | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | :--- | | Maxvision Technology Co., Ltd. | RMB 65 million | Shenzhen | Information transmission, software and information technology services | 100.00% | Establishment | | Wuhan Maxvision Co., Ltd. | RMB 36 million | Wuhan | AI-related algorithm and application R&D | 100.00% | Establishment | | Macau Maxvision Co., Ltd. | MOP 25,000 | Macau | Macau sales platform establishment and maintenance services | 100.00% | Establishment | | Hong Kong Maxvision Co., Ltd. | HKD 500,000 | Hong Kong | Hong Kong business development and maintenance services | 100.00% | Establishment | | Hainan Smart Human Co., Ltd. | RMB 50 million | Haikou | Hainan market development | 100.00% | Establishment | | Better Robot Co., Ltd. | RMB 20.01 million | Shenzhen | Firefighting robot R&D and sales | 100.00% | Equity acquisition | | Nigeria Maxvision Co., Ltd. | 10 million Naira | Nigeria | Africa sales platform establishment | 100.00% (Indirect) | Establishment | | UAE Maxvision Co., Ltd. | 450,000 Dirham | Dubai DMCC | UAE market development | 100.00% (Indirect) | Establishment | | Saudi Arabia Maxvision Co., Ltd. | 500,000 Saudi Riyal | Riyadh | Saudi Arabia market development | 100.00% (Indirect) | Establishment | | Cambodia Maxvision Co., Ltd. | 400 million Riel | Cambodia | Southeast Asia sales platform establishment | 100.00% (Indirect) | Establishment | | Anhui Maxvision Co., Ltd. | RMB 50 million | Hefei | Market development | 100.00% | Establishment | | Zhuhai Maxvision Co., Ltd. | RMB 50 million | Zhuhai | Market development | 100.00% | Establishment | | Shenzhen Maxvision Smart Co., Ltd. | RMB 5 million | Shenzhen | AI-related algorithm and application R&D and sales | 100.00% | Establishment | | Maxvision Regional Headquarters (Saudi Arabia) | 500,000 Saudi Riyal | Riyadh | Regional Headquarters | 100.00% (Indirect) | Establishment | Summary Financial Information of Insignificant Joint Ventures and Associates | Item | Balance at Period-End / Amount in Current Period (RMB) | Balance at Beginning of Period / Amount in Prior Period (RMB) | | :--- | :--- | :--- | | Total Investment Book Value | 20,871,791.76 | 20,780,804.96 | | --Net Profit | 90,986.80 | -1,007,224.01 | [Government Grants](index=131&type=section&id=Government%20Grants) The company recognized **RMB 5.5789 million** in government grants in current profit or loss during the reporting period Government Grants Recognized in Current Profit or Loss | Accounting Account | Amount in Current Period (RMB) | Amount in Prior Period (RMB) | | :--- | :--- | :--- | | Government grants recognized in other income | 5,578,906.59 | 17,909,710.89 | - All new government grants in the current period were income-related government grants[522](index=522&type=chunk) [Risks Related to Financial Instruments](index=132&type=section&id=Risks%20Related%20to%20Financial%20Instruments) The company faces credit, liquidity, and market risks, managed through high-rated financial institutions, credit assessment, and optimized financing structures - The company's objective in risk management is to balance risk and return, minimize the negative impact of risks on operating performance, and maximize the interests of shareholders and other equity investors[523](index=523&type=chunk) - The company faces credit risk, liquidity risk, and market risk (interest rate risk and foreign e

证券代码：002990 证券简称：盛视科技 公告编号：2025-089 盛视科技股份有限公司 第三届董事会第三十二次会议决议公告 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。 一、董事会会议召开情况 盛视科技股份有限公司（以下简称"公司"）第三届董事会第三十二次会议 于 2025 年 8 月 25 日在公司会议室通过现场与通讯相结合的方式召开。本次董事 会会议通知于 2025 年 8 月 14 日以电子邮件、直接送达等方式向各位董事发出。 本次会议应出席董事 7 名（含独立董事 3 名），实际出席董事 7 名，公司监事及 高级管理人员列席了会议。会议由公司董事长瞿磊先生主持，本次会议的召集和 召开程序符合《中华人民共和国公司法》等法律法规和《公司章程》的规定，合 法有效。 二、董事会会议审议情况 （一）审议通过《2025 年半年度报告》及《2025 年半年度报告摘要》 董事会认为：公司编制和审核《2025 年半年度报告》及《2025 年半年度报 告摘要》的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、 完整地反映了公司 2025 年半年度经营 ...

Group 1 - Robocore Technology, a Hong Kong robotics startup, recently secured a $10 million investment from Foxconn Technology Group, marking the first tranche of its Series D funding, with options for two additional $10 million investments in 2026 and 2027, giving Foxconn a 6.6% stake in Robocore [2] - Robocore was founded in 2018 by engineer Roy Lim and initially served as the exclusive distributor of Temi wheeled robots in Hong Kong, acquiring the Israeli company last year [2] - Foxconn is reportedly in talks with Nvidia to deploy humanoid robots in a Houston factory for the production of AI servers, and has previously collaborated with Shenzhen-based UBTECH Robotics to deploy humanoid robots in its factories [2] Group 2 - Boston Dynamics has trained a new large behavior model (LBMs) for its Atlas humanoid robot, enabling it to perform complex tasks requiring long-term planning, utilizing its unique capabilities such as walking, precise foot placement, and avoiding self-collision [5] - The LBM model converts inputs like images, proprioception, and language prompts into action commands for the Atlas robot, operating at a frequency of 30Hz [5] Group 3 - UBTECH Robotics has led the establishment of two national technical standards for humanoid robots, focusing on positioning and navigation, and human-robot interaction, aiming to support the development and standardization of humanoid robot technology [6] - The company has previously spearheaded the first batch of national standards for humanoid robot operational requirements and plans to continue its involvement in industry standardization efforts [6] Group 4 - Shengshi Technology announced plans to establish a wholly-owned subsidiary, Shenzhen Feifeite Cultural Innovation Co., Ltd., with an investment of 10 million yuan, aiming to combine AI and humanoid robot technology with innovative products for emotional interaction [9] - The company has acquired core assets from Aldebaran Robotics, focusing on educational and commercial robots to diversify its business [9] Group 5 - Grebo signed a cooperation agreement with Zhejiang Zhiding Robotics at the inaugural partner conference of Zhiyuan Robotics, marking a significant step in expanding its presence in the embodied intelligence sector [12] - The collaboration aims to enhance the global market reach of commercial cleaning robots, leveraging Grebo's overseas channel resources to increase product market share [12] - This partnership is seen as a key component of Grebo's strategic layout in the embodied intelligence field, promoting resource complementarity and collaborative development [12]

Company News - Gree Electric Appliances announced a 2024 annual equity distribution plan, proposing a cash dividend of 20 yuan (including tax) for every 10 shares, totaling 11.17 billion yuan [8][9] - Sinopec plans to repurchase A-shares with a budget of 5 billion to 10 billion yuan and intends to distribute cash dividends of 10.67 billion yuan (including tax) for the first half of 2025 [9] - Feilu Co., Ltd. announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of trading [8][10] - Special reports indicate that various companies, including Te Yi Pharmaceutical and Sany Heavy Industry, have reported significant revenue growth in the first half of the year, with Te Yi achieving a 56.54% increase in revenue [7][8] Industry News - The National Energy Administration reported that the total electricity consumption in July reached 10,226 billion kWh, a year-on-year increase of 8.6% [4] - The State Council approved a development plan for the biopharmaceutical industry in Jiangsu Free Trade Zone, aiming to enhance innovation and competitiveness [4] - The Ministry of Commerce reported a 3.5% increase in China's foreign trade in the first seven months of the year, indicating a steady growth trend despite global challenges [4] - The financial regulatory authority is working on guidelines to enhance health insurance services, aiming to improve the industry's operational capabilities and regulatory environment [5] - The Anhui provincial government released a policy to accelerate the development of general artificial intelligence, targeting significant advancements by 2027 [6]

证券代码：002990 证券简称：盛视科技 公告编号：2025-087 盛视科技股份有限公司 本议案已经公司董事会战略委员会审议通过。 《关于投资设立全资子公司的自愿性信息披露公告》（公告编号：2025-088） 具 体 内 容 详 见 2025 年 8 月 22 日 《 证 券 时 报 》 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。 三、备查文件 （一）公司第三届董事会第三十一次会议决议 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。 一、董事会会议召开情况 盛视科技股份有限公司（以下简称"公司"）第三届董事会第三十一次会议 于 2025 年 8 月 21 日在公司会议室通过现场与通讯相结合的方式召开。本次董事 会会议通知于 2025 年 8 月 18 日以电子邮件、直接送达等方式向各位董事发出。 本次会议应出席董事 7 名（含独立董事 3 名），实际出席董事 7 名，公司监事及 高级管理人员列席了会议。会议由公司董事长瞿磊先生主持，本次会议的召集和 召开程序符合《中华人民共和国公司法》等法律法规和《公司章程》的规定，合 ...

Buyback and Shareholder Actions - Sinopec plans to repurchase A-shares with a total fund of no less than RMB 5 billion and no more than RMB 10 billion, potentially reducing its registered capital [1] - Hengbang Mining intends to reduce its stake in the Hong Kong-listed company, WanGuo Gold, by up to 40 million shares, representing approximately 3.69% of WanGuo's total share capital [5] Product Approvals and Market Launches - Wantai Biological's nine-valent HPV vaccine has received the batch release certificate, marking its official market launch and enhancing the company's product lineup [1] - Changchun High-tech's subsidiary has received acceptance for the clinical trial application of GenSci143, a dual-specific antibody drug, which may provide new treatment options for certain tumors [7] Financial Performance - Hongxin Electronics reported a 15.01% increase in revenue to RMB 3.494 billion and a 9.85% rise in net profit to RMB 53.99 million for the first half of 2025 [2] - Sanwei Xinan experienced a net loss of RMB 29.39 million in the first half of 2025, despite a 15.19% increase in revenue to RMB 195 million [3] Corporate Developments - TianTan Bio received a commitment from its controlling shareholder to resolve new competition issues arising from a recent acquisition [4] - Feilu Co. announced a potential change in control, leading to a temporary suspension of its stock trading [8] Investment and Expansion - Jinbei Electric's subsidiary has signed a purchase agreement for a factory in Europe, marking significant progress in establishing its European production base [1] - Shengshi Technology plans to establish a wholly-owned subsidiary to integrate AI and humanoid robot technology with innovative toy products, investing RMB 10 million [6]

Company Announcements - Dameng Data's board member and senior vice president is under investigation by the Hubei Provincial Supervisory Committee, but the company's operations remain normal [1] - Jishi Media reported a net loss of 232 million yuan in the first half of 2025, despite a revenue increase of 8.7% to 999.7 million yuan [2] - Wantai Biological's nine-valent HPV vaccine has received its first batch release certificate, marking its market entry and potential revenue growth [2] - Feilu Co., Ltd. is undergoing a change in control, leading to a suspension of its stock trading starting August 22 [2] Financial Performance - Sany Heavy Industry reported a 46% increase in net profit to 5.216 billion yuan in the first half of 2025, with a revenue of 44.534 billion yuan, up 14.96% [3] - EVE Energy's net profit decreased by 24.9% to 1.605 billion yuan, despite a revenue increase of 30.06% to 28.169 billion yuan [5] - GoerTek achieved a net profit increase of 15.65% to 1.42 billion yuan, with a revenue of 37.55 billion yuan, down 7.02% [6] Approvals and Projects - Changchun High-tech's subsidiary received acceptance for a clinical trial application for GenSci143, a dual-specificity antibody drug targeting B7-H3 and PSMA [7] - Zejing Pharmaceutical received approval for clinical trials of ZG005 and ZGGS18 in combination with a specific cancer drug [7] Financing and Capital Increase - Zhenghe Industrial plans to raise no more than 818 million yuan through a private placement for various projects and working capital [8] Shareholding Changes - Zhongyin Securities announced that Jiangxi Copper plans to reduce its stake by up to 3%, equating to 83.34 million shares [9] - Mengke Pharmaceutical's shareholders plan to transfer 22.946 million shares, representing 3.5% of the total share capital [15] Investments and Strategic Partnerships - Diou Home plans to establish a wholly-owned subsidiary with an investment of 500 million yuan to expand into the generative AI field [11] - Gree Green signed a strategic cooperation agreement with Weilan Lithium to develop ultra-high energy density battery materials and solid-state battery innovations [12]