大连智云自动化装备股份有限公司 公司已就《行政处罚决定书》所涉事项对相应年度财务会计报告进行了前期会 计差错更正及追溯调整，公司将在满足《深圳证券交易所创业板股票上市规则》第 9.11 条相关撤销其他风险警示条件后及时向深圳证券交易所申请撤销其他风险警示。 一、实施其他风险警示的原因 2024 年 12 月 10 日，公司收到大连证监局下发的《行政处罚事先告知书》。根 据《行政处罚事先告知书》认定的情况，公司涉及的违法违规行为触及《深圳证券 证券代码：300097 证券简称：ST 智云 公告编号：2025-042 大连智云自动化装备股份有限公司 关于公司股票交易被实施其他风险警示相关事项的进展公告 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。 特别提示： 1、大连智云自动化装备股份有限公司（以下简称"公司"）收到中国证券监 督管理委员会大连监管局（以下简称"大连证监局"）下发的《行政处罚事先告知 书》（大证监处罚字【2024】3 号），并于 2024 年 12 月 11 日在巨潮资讯网披露了 《关于公司及相关当事人收到<行政处罚事先告知书>的公告》（公告编号 ...

大连智云自动化装备股份有限公司 证券代码：300097 证券简称：ST 智云 公告编号：2025-041 大连智云自动化装备股份有限公司 关于公司股票交易被实施其他风险警示相关事项的进展公告 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。 特别提示： 1、大连智云自动化装备股份有限公司（以下简称"公司"）收到中国证券监 督管理委员会大连监管局（以下简称"大连证监局"）下发的《行政处罚事先告知 书》（大证监处罚字【2024】3 号），并于 2024 年 12 月 11 日在巨潮资讯网披露了 《关于公司及相关当事人收到<行政处罚事先告知书>的公告》（公告编号： 2024-052）。根据《深圳证券交易所创业板股票上市规则》第 9.4 条第（七）项规 定，公司股票交易于 2024 年 12 月 12 日起被实施其他风险警示。 2、公司于 2025 年 3 月 14 日收到大连证监局下发的《行政处罚决定书》（[2025]1 号），《行政处罚决定书》中认定的情况与《行政处罚事先告知书》中涉及的违法 违规行为一致。 3、根据《深圳证券交易所创业板股票上市规则》第 9.9 条 ...

Core Insights - ST Zhiyun reported a significant decline in revenue and net profit for the first half of 2025, with total revenue of 89.13 million yuan, down 63.59% year-on-year, and a net loss of 106 million yuan, a decrease of 1131.46% compared to the previous year [1] Financial Performance - The company's gross margin fell to 16.81%, a decrease of 53.41% year-on-year, while the net margin plummeted to -118.49%, down 2932.98% [1] - Total operating expenses (sales, management, and financial expenses) accounted for 33.26% of revenue, an increase of 90.44% year-on-year, totaling 29.64 million yuan [1] - Earnings per share dropped to -0.37 yuan, a decline of 1025.00% year-on-year, and the net asset value per share decreased to 1.34 yuan, down 39.32% [1] Cash Flow and Debt - The company's cash flow situation is concerning, with cash and cash equivalents only covering 8.24% of current liabilities, and the average operating cash flow over the past three years being only 3.19% of current liabilities [3] - The company experienced a 131.80% decline in operating cash flow per share, which fell to -0.01 yuan [1] Business Model and Historical Performance - The company's historical financial performance has been weak, with a median Return on Invested Capital (ROIC) of 4.62% over the past decade, and a particularly poor ROIC of -49.92% in 2021 [2] - The business model relies heavily on research and development, necessitating a thorough examination of the underlying drivers of this approach [2]

经济观察网 2025年8月21日，ST智云(300097)发布2025年半年度报告，2025年上半年实现营业收入 8913.22万元，同比下降63.59%；实现净利润-1.06亿元，同比下降1131.46%；基本每股收益-0.37元；加 权平均净资产收益率ROE为-24.07%。 ...

Core Insights - ST Zhiyun reported a significant decline in revenue and a net loss for the first half of 2025, with operating income of 89.13 million yuan, a year-on-year decrease of 63.59%, and a net profit attributable to shareholders of -106 million yuan, compared to a profit of 10.24 million yuan in the same period last year [1] - The company attributed its losses primarily to lower demand and acceptance progress in the touch display module automation equipment segment, leading to a substantial increase in credit impairment provisions by 1,268.09% year-on-year [1] Company Strategy - The company plans to enhance its R&D capabilities and leverage its technological and customer advantages to explore new fields and businesses, particularly focusing on OLED-related equipment demands [1][2] - ST Zhiyun aims to optimize its product structure and improve internal management to strengthen its risk resistance while actively seeking new growth points by deepening existing customer relationships and expanding into new applications [2] Market Position - ST Zhiyun is one of the few domestic companies capable of providing customized intelligent manufacturing equipment solutions, holding a strong competitive edge in the automation equipment segment for touch display modules [2] - The company’s products in bonding, dispensing, bending, laminating, and testing have gained recognition from leading international enterprises, covering major domestic suppliers of modules and panels [2] Industry Outlook - According to DSCC, total investment in display equipment is expected to remain between 7 billion and 8 billion USD from 2025 to 2027, presenting valuable development opportunities for domestic display panel equipment manufacturers amid the growing trend of domestic substitution [2] - The revenue from OLED display module automation equipment has reached approximately 68% of the total revenue from touch display module equipment, indicating a strategic shift towards OLED technology [3]

Group 1 - Xiamen Tungsten's revenue for the first half of 2025 reached 19.178 billion yuan, an increase of 11.75% year-on-year [1] - Xiamen Tungsten's net profit attributable to shareholders decreased by 4.37% year-on-year to 972 million yuan [1] - Xiamen Tungsten plans to distribute a cash dividend of 1.84 yuan per 10 shares [1] Group 2 - Sinopec's revenue for the first half of 2025 was 1.41 trillion yuan, a decrease of 10.6% year-on-year [1][2] - Sinopec's net profit attributable to shareholders fell by 39.8% year-on-year to 21.483 billion yuan [1][2] - Sinopec's basic earnings per share were 0.177 yuan [1] Group 3 - Xinhua Department Store's revenue for the first half of 2025 was 3.254 billion yuan, a decrease of 0.99% year-on-year [3][4] - Xinhua Department Store's net profit attributable to shareholders decreased by 2.52% year-on-year to 86.08 million yuan [3][4] - Xinhua Department Store plans to distribute a cash dividend of 1 yuan per 10 shares [3] Group 4 - Huaqin Technology's revenue for the first half of 2025 reached 516 million yuan, an increase of 6.44% year-on-year [5][6] - Huaqin Technology's net profit attributable to shareholders decreased by 32.45% year-on-year to 146 million yuan [5][6] - Huaqin Technology plans to distribute a cash dividend of 1.3 yuan per 10 shares [5] Group 5 - Tianhao Energy's revenue for the first half of 2025 was 1.372 billion yuan, a decrease of 32.15% year-on-year [7] - Tianhao Energy's net profit attributable to shareholders decreased by 32.08% year-on-year to 69.01 million yuan [7] - Tianhao Energy's basic earnings per share were 0.0798 yuan [7] Group 6 - Wanliyang's revenue for the first half of 2025 reached 2.812 billion yuan, an increase of 2.69% year-on-year [8][9] - Wanliyang's net profit attributable to shareholders increased by 50.24% year-on-year to 277 million yuan [8][9] - Wanliyang's basic earnings per share were 0.21 yuan [8] Group 7 - Kede CNC's revenue for the first half of 2025 was 295 million yuan, an increase of 15.24% year-on-year [10] - Kede CNC's net profit attributable to shareholders increased by 1.27% year-on-year to 49.06 million yuan [10] - Kede CNC's basic earnings per share were 0.4582 yuan [10] Group 8 - Saifutian's revenue for the first half of 2025 reached 1.06 billion yuan, an increase of 62.41% year-on-year [11] - Saifutian achieved a net profit of 3.08 million yuan, recovering from a loss of 12.49 million yuan in the previous year [11] - Saifutian's basic earnings per share were 0.01 yuan [11] Group 9 - Funeng's revenue for the first half of 2025 was 6.369 billion yuan, a decrease of 4.44% year-on-year [13][14] - Funeng's net profit attributable to shareholders increased by 12.48% year-on-year to 1.337 billion yuan [13][14] - Funeng plans to distribute a cash dividend of 0.73 yuan per 10 shares [13] Group 10 - Ningbo Shipping reported a net loss of 39.23 million yuan for the first half of 2025 [15][16] - Ningbo Shipping's revenue for the first half of 2025 was 1.157 billion yuan, an increase of 11.33% year-on-year [15][16] - Ningbo Shipping's basic earnings per share were a loss of 0.0325 yuan [15] Group 11 - Samsung Medical's revenue for the first half of 2025 reached 7.972 billion yuan, an increase of 13.93% year-on-year [17][18] - Samsung Medical's net profit attributable to shareholders increased by 6.93% year-on-year to 1.23 billion yuan [17][18] - Samsung Medical plans to distribute a cash dividend of 4.85 yuan per 10 shares [17] Group 12 - Huiding Technology's revenue for the first half of 2025 was 2.251 billion yuan, a decrease of 0.20% year-on-year [20] - Huiding Technology's net profit attributable to shareholders increased by 35.74% year-on-year to 431 million yuan [20] - Huiding Technology plans to distribute a cash dividend of 0.15 yuan per share [20] Group 13 - Baihua Pharmaceutical's revenue for the first half of 2025 reached 202 million yuan, an increase of 2.95% year-on-year [21] - Baihua Pharmaceutical's net profit attributable to shareholders increased by 12.45% year-on-year to 25.48 million yuan [21] - Baihua Pharmaceutical's basic earnings per share were 0.0663 yuan [21] Group 14 - Stanley's revenue for the first half of 2025 was 6.391 billion yuan, an increase of 12.66% year-on-year [22][23] - Stanley's net profit attributable to shareholders increased by 18.9% year-on-year to 607 million yuan [22][23] - Stanley plans to distribute a cash dividend of 0.45 yuan per 10 shares [22] Group 15 - Duoli Technology's revenue for the first half of 2025 reached 1.734 billion yuan, an increase of 13.15% year-on-year [24] - Duoli Technology's net profit attributable to shareholders decreased by 28.13% year-on-year to 157 million yuan [24] - Duoli Technology's basic earnings per share were 0.51 yuan [24] Group 16 - Datang Telecom reported a net loss of 81.17 million yuan for the first half of 2025 [25][26] - Datang Telecom's revenue for the first half of 2025 was 275 million yuan, a decrease of 3.32% year-on-year [25][26] - Datang Telecom's basic earnings per share were a loss of 0.0623 yuan [25] Group 17 - Niuwei Co.'s revenue for the first half of 2025 reached 3.404 billion yuan, an increase of 19.96% year-on-year [27][28] - Niuwei Co.'s net profit attributable to shareholders increased by 30.44% year-on-year to 637 million yuan [27][28] - Niuwei Co. plans to distribute a cash dividend of 5.8 yuan per 10 shares [27] Group 18 - ST Zhiyun reported a net loss of 106 million yuan for the first half of 2025 [29][30] - ST Zhiyun's revenue for the first half of 2025 was 89.13 million yuan, a decrease of 63.59% year-on-year [29][30] - ST Zhiyun's basic earnings per share were a loss of 0.37 yuan [29] Group 19 - Huace Testing's revenue for the first half of 2025 reached 2.96 billion yuan, an increase of 6.05% year-on-year [31] - Huace Testing's net profit attributable to shareholders increased by 7.03% year-on-year to 467 million yuan [31] - Huace Testing plans to distribute a cash dividend of 0.5 yuan per 10 shares [31] Group 20 - Taixiang's revenue for the first half of 2025 was 219 million yuan, an increase of 6.57% year-on-year [32] - Taixiang's net profit attributable to shareholders increased by 16.12% year-on-year to 25.30 million yuan [32] - Taixiang's basic earnings per share were 0.2533 yuan [32] Group 21 - Huayi Technology applied for a credit line of up to 165 million yuan from HSBC [33][34] - Huayi Technology will use real estate as collateral for the credit line [33][34] Group 22 - Hengong Precision plans to use up to 70 million yuan of idle raised funds for cash management [35][36] - Hengong Precision will invest in high-security, high-liquidity products with a term not exceeding 12 months [35][36] Group 23 - Tianhe's financial assistance to its associate company has not been repaid [37] - Tianhe provided 243,200 yuan in financial assistance to its associate company [37] Group 24 - Spring and Autumn Electronics' revenue for the first half of 2025 reached 1.926 billion yuan, an increase of 2.62% year-on-year [38] - Spring and Autumn Electronics' net profit attributable to shareholders increased by 248.44% year-on-year to 93.31 million yuan [38] - Spring and Autumn Electronics' basic earnings per share were 0.21 yuan [38] Group 25 - Kingsoft Office's revenue for the first half of 2025 was 2.657 billion yuan, an increase of 10.12% year-on-year [39][40] - Kingsoft Office's net profit attributable to shareholders increased by 3.57% year-on-year to 747 million yuan [39][40] Group 26 - Yanjinpuzi's revenue for the first half of 2025 reached 2.941 billion yuan, an increase of 19.58% year-on-year [41] - Yanjinpuzi's net profit attributable to shareholders increased by 16.70% year-on-year to 373 million yuan [41] Group 27 - Muyuan's revenue for the first half of 2025 was 76.463 billion yuan, an increase of 34.46% year-on-year [43][44] - Muyuan's net profit attributable to shareholders increased by 1169.77% year-on-year to 10.53 billion yuan [43][44] - Muyuan plans to distribute a cash dividend of 9.32 yuan per 10 shares [43][44] Group 28 - Tianwei Food is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [45][46] Group 29 - Alloy Investment's shareholder plans to reduce their stake by no more than 3% [47] - Alloy Investment's shareholder plans to sell up to 11.5531 million shares [47] Group 30 - Rongzhi Rixin's controlling shareholder plans to reduce their stake by no more than 3% [48] - Rongzhi Rixin's controlling shareholder plans to sell up to 1.2318 million shares [48] Group 31 - Yijiahe's shareholders plan to reduce their stake by no more than 2% [49] - Yijiahe's shareholders plan to sell up to 409.72 million shares [49] Group 32 - Dongfeng Group adjusted the upper limit of its share repurchase price to 6.28 yuan per share [50] Group 33 - Jingu's revenue for the first half of 2025 reached 2.123 billion yuan, an increase of 10.04% year-on-year [51] - Jingu's net profit attributable to shareholders increased by 45.36% year-on-year to 30.27 million yuan [51] Group 34 - Yibai Pharmaceutical reported a net loss of 19.9 million yuan for the first half of 2025 [52] - Yibai Pharmaceutical's revenue for the first half of 2025 was 999 million yuan, a decrease of 14.99% year-on-year [52] Group 35 - Yonghui Supermarket reported a net loss of 241 million yuan for the first half of 2025 [53] - Yonghui Supermarket's revenue for the first half of 2025 was 29.948 billion yuan, a decrease of 20.73% year-on-year [53] Group 36 - Suotong Development's net profit increased by 1568.52% year-on-year to 523 million yuan [54] - Suotong Development's revenue for the first half of 2025 was 8.306 billion yuan, an increase of 28.28% year-on-year [54]

[Section 1. Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Section%201.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial disclaimers, lists the report's reference documents, and defines key terms used throughout the report [Important Notice](index=2&type=section&id=Important%20Notice) The company's board of directors and senior management affirm the truthfulness, accuracy, and completeness of the semi-annual report, taking legal responsibility, while also stating no cash dividends, bonus shares, or capital reserve conversions are planned - The company's board of directors 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) - Company head Shi Liquan, chief accountant Zhang Xiumin, and head of accounting department Zhang Xiumin declare the financial report is true, accurate, and complete[4](index=4&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[5](index=5&type=chunk) [Catalogue of Reference Documents](index=4&type=section&id=Catalogue%20of%20Reference%20Documents) This section lists the company's semi-annual report reference documents, including financial statements signed and sealed by the legal representative, chief accountant, and head of accounting, along with original copies of all company documents and announcements publicly disclosed on the CSRC-designated website during the reporting period - Reference documents include financial statements bearing the signatures and seals of the company's legal representative, chief accountant, and head of the accounting department[9](index=9&type=chunk) - Reference documents also include original copies of all company documents and announcements publicly disclosed on the CSRC-designated website during the reporting period[10](index=10&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines common terms used in the report, clarifying that "Company," "the Company," and "Zhiyun Shares" all refer to Dalian Zhiyun Automation Equipment Co., Ltd., lists full names of major subsidiaries and related parties, and defines the "reporting period" as January 1, 2025, to June 30, 2025 - "Company," "the Company," and "Zhiyun Shares" all refer to Dalian Zhiyun Automation Equipment Co., Ltd[13](index=13&type=chunk) - The reporting period refers to January 1, 2025, to June 30, 2025[13](index=13&type=chunk) [Section 2. Company Profile and Key Financial Indicators](index=6&type=section&id=Section%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, contact details, and presents key accounting data and financial indicators for the reporting period [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) The company's stock ticker is ST Zhiyun, stock code 300097, listed on the Shenzhen Stock Exchange, with Shi Liquan as its legal representative and contact address in Shenzhen, Guangdong Province Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | ST Zhiyun | | Stock Code | 300097 | | Stock Exchange | Shenzhen Stock Exchange | | Chinese Name | Dalian Zhiyun Automation Equipment Co., Ltd. | | Legal Representative | Shi Liquan | - The company's Board Secretary is Hua Jiarong, and Securities Affairs Representative is Ma Chendi, with contact phone and fax both 0755-81451722, and email zhiyun_ir@zhiyun-cn.com[16](index=16&type=chunk) [II. Contact Persons and Information](index=6&type=section&id=II.%20Contact%20Persons%20and%20Information) The company's Board Secretary is Hua Jiarong, and Securities Affairs Representative is Ma Chendi, both sharing the same contact address in Shenzhen, Guangdong Province, along with identical phone, fax, and email information Company Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Hua Jiarong | Fuhai Street, Bao'an District, Shenzhen, Guangdong Province, No. 126 Dayang Road | 0755-81451722 | 0755-81451722 | zhiyun_ir@zhiyun-cn.com | | Securities Affairs Representative | Ma Chendi | Fuhai Street, Bao'an District, Shenzhen, Guangdong Province, No. 126 Dayang Road | 0755-81451722 | 0755-81451722 | zhiyun_ir@zhiyun-cn.com | [III. Other Information](index=6&type=section&id=III.%20Other%20Information) During the reporting period, there were no changes in the company's contact information, information disclosure and placement locations, or registration details, with specific information available in the 2024 annual report - The company's registered address, office address, postal code, website, and email address remained unchanged during the reporting period[17](index=17&type=chunk) - The securities exchange website and media name and URL for the company's semi-annual report disclosure, as well as the semi-annual report's placement location, remained unchanged during the reporting period[18](index=18&type=chunk) - The company's registration status remained unchanged during the reporting period[19](index=19&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first half of 2025, the company's operating revenue significantly decreased by **63.59%** to **89.13 million yuan**, and net profit attributable to shareholders turned from profit to loss, declining by **1131.46%** to **-105.61 million yuan**, while net cash flow from operating activities also sharply dropped by **131.80%** to **-2.90 million yuan**, with total assets and net assets attributable to shareholders decreasing by **15.20%** and **21.49%** respectively at period-end Key Accounting Data and Financial Indicators (Year-on-Year Change) | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Current Period vs. Prior Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 89,132,188.16 | 244,807,744.56 | -63.59% | | Net Profit Attributable to Shareholders of Listed Company | -105,612,202.19 | 10,239,140.65 | -1,131.46% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | -106,864,675.93 | 9,670,670.27 | -1,205.04% | | Net Cash Flow from Operating Activities | -2,904,033.62 | 9,131,291.81 | -131.80% | | Basic Earnings Per Share (yuan/share) | -0.37 | 0.04 | -1,025.00% | | Diluted Earnings Per Share (yuan/share) | -0.37 | 0.04 | -1,025.00% | | Weighted Average Return on Net Assets | -24.07% | 1.62% | -25.69% | | **Period-End Indicators** | **Current Period-End (yuan)** | **Prior Year-End (yuan)** | **Current Period-End vs. Prior Year-End Change** | | Total Assets | 753,543,559.69 | 888,612,341.44 | -15.20% | | Net Assets Attributable to Shareholders of Listed Company | 385,918,627.54 | 491,538,931.37 | -21.49% | [V. Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) During the reporting period, the company reported no differences in net profit and net assets between financial statements disclosed under International Accounting Standards or overseas accounting standards and those under Chinese Accounting Standards - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards[21](index=21&type=chunk) - During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards[22](index=22&type=chunk) [VI. Non-Recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **1.25 million yuan**, primarily comprising government grants, non-current asset disposal gains/losses, and debt restructuring gains/losses, with no other items defined as non-recurring or reclassified as recurring Non-Recurring Gains and Losses and Amounts | Item | Amount (yuan) | Explanation | | :--- | :--- | :--- | | Gains/Losses from disposal of non-current assets (including the write-back of impairment provisions already made) | -34,220.75 | | | Government grants recognized in current profit or loss (excluding those closely related to the company's normal operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss) | 1,235,000.94 | | | Gains/Losses from debt restructuring | -13,980.00 | | | Other non-operating income and expenses apart from the above items | 65,673.55 | | | Total | 1,252,473.74 | | - The company has no other specific items of gains or losses that meet the definition of non-recurring gains and losses[25](index=25&type=chunk) [Section 3. Management Discussion and Analysis](index=9&type=section&id=Section%203.%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive analysis of the company's primary business operations, core competencies, financial performance, investment activities, and risk management strategies during the reporting period [I. Main Business Activities During the Reporting Period](index=9&type=section&id=I.%20Main%20Business%20Activities%20During%20the%20Reporting%20Period) The company's core business is automated equipment for touch display module segments, a semiconductor sub-field driven by consumer electronics, new energy vehicle displays, and OLED technology, with **68%** of its touch display module equipment revenue from OLED-compatible devices, operating under R&D, direct sales, production-based procurement, and sales-driven production models, while reporting losses primarily due to lower-than-expected downstream demand, delayed acceptance, and significant credit impairment provisions - The company's core products are touch display module segment automated equipment, a sub-field of semiconductors[27](index=27&type=chunk) - In the first quarter of 2025, total shipments of small and medium-sized display panels reached **1.048 billion units**, with AMOLED panels accounting for **612 million units**, representing a **58%** market share[27](index=27&type=chunk) - Shipments of small and medium-sized display panels are projected to decrease to **942 million units** in the second quarter of 2025, a **10%** sequential decline and **6%** year-on-year decrease[28](index=28&type=chunk) - In the first half of 2025, revenue from the company's touch display module segment equipment applicable to OLED display panels accounted for approximately **68%** of its total touch display module equipment business revenue[35](index=35&type=chunk) - The primary reasons for the company's performance loss during the reporting period were reduced overall operating revenue and lower net profit due to the touch display module segment automated equipment business being affected by lower-than-expected downstream demand and acceptance progress, coupled with a **78.96 million yuan** provision for credit impairment, an increase of **1,268.09%** compared to the same period last year[50](index=50&type=chunk) [ (I) Overview of the Company's Industry](index=9&type=section&id=(I)%20Overview%20of%20the%20Company%27s%20Industry) The company operates in the touch display module segment automated equipment industry, a semiconductor sub-field driven by consumer electronics like smartphones and automotive displays, where OLED panel market share is growing, flexible AMOLED is becoming mainstream, and China's accelerated panel localization and OLED capacity expansion create opportunities for domestic equipment manufacturers, with automotive display panel shipments expected to exceed **250 million units** in 2025, growing at a **7.2% CAGR** from 2023-2028 - In the first quarter of 2025, total shipments of small and medium-sized display panels reached **1.048 billion units**, with AMOLED panels accounting for **612 million units**, representing a **58%** market share[27](index=27&type=chunk) - Global automotive display panel shipments reached **232 million units** in 2024, a **6.2%** year-on-year increase, with **53%** of the share coming from mainland Chinese manufacturers[31](index=31&type=chunk) - In the first quarter of 2025, smartphones equipped with AMOLED display panels accounted for **63%** of global total shipments, a significant increase from **57%** in the same period last year[32](index=32&type=chunk) - Domestic manufacturers' AMOLED display panel shipments reached **364 million units** in 2024, a substantial increase of over **120 million units** compared to 2023[34](index=34&type=chunk) [ (II) Industry Development Trends](index=11&type=section&id=(II)%20Industry%20Development%20Trends) Industry trends include automation and intelligence replacing manual labor in manufacturing, market expansion driven by the display panel industry's high prosperity, accelerated domestic substitution, and intensified market competition compressing corporate profits, with large-scale equipment renewal policies expected to boost industrial equipment investment by over **25%** by 2027 compared to 2023, creating a market exceeding **5 trillion yuan** - In 2024, the State Council proposed an "Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods," projecting that by 2027, China's industrial equipment investment scale will increase by over **25%** compared to 2023, forming a huge annual market exceeding **5 trillion yuan**[37](index=37&type=chunk) - According to CINNO Research data, mainland China's OLED panel production capacity reached **43%** of the global total in 2024, and is expected to further increase to **49%** by 2030[38](index=38&type=chunk) - The increasing number of domestic display device manufacturing enterprises has intensified industry competition, leading to weaker bargaining power and continuous compression of profit margins for display module equipment companies[42](index=42&type=chunk) [ (III) Company's Industry Position](index=12&type=section&id=(III)%20Company%27s%20Industry%20Position) The company is one of the few domestic enterprises capable of providing customized intelligent manufacturing equipment solutions, possessing strong competitiveness in the touch display module segment automated equipment sub-field, with products certified by international first-tier companies and a client base including numerous international and domestic top-tier brand suppliers - The company is one of the few domestic enterprises capable of providing customized intelligent manufacturing equipment solutions[43](index=43&type=chunk) - The company's automated equipment for touch display module segments, including bonding, dispensing, bending, laminating, and testing products, holds a strong competitive advantage among domestic manufacturers and has received certification from international first-tier enterprises[43](index=43&type=chunk) [ (IV) Company's Main Business Operations During the Reporting Period](index=12&type=section&id=(IV)%20Company%27s%20Main%20Business%20Operations%20During%20the%20Reporting%20Period) During the reporting period, the company's main business remained largely unchanged, focusing on high-end intelligent manufacturing equipment, with core operations in touch display module segment automated equipment covering bonding, dispensing, bending, laminating, and testing, having penetrated mainstream domestic OLED panel and module manufacturers, and also engaging in automotive powertrain intelligent manufacturing equipment - During the reporting period, there were no significant changes in the company's main business activities, which continue to focus on high-end intelligent manufacturing equipment[44](index=44&type=chunk) - The company's core business is automated equipment for touch display module segments, holding a leading position in various sub-industries such as bonding, dispensing, bending, laminating, and testing, and has achieved coverage of mainstream domestic OLED panel and module manufacturers[44](index=44&type=chunk) Company's Main Products and Application Areas | Business Segment | Main Products | Application Areas | | :--- | :--- | :--- | | Touch Display Module Segment Automated Equipment Business | Full-automatic COG, FOG, COF, COP, FOP, FOF high-precision bonding equipment; full-automatic sealing and precision dispensing equipment; AOI inspection, particle inspection, and other full-automatic inspection equipment; automatic glass cleaning machines, full-automatic POL laminating machines, precision inspection machines, full-automatic terminal cleaning machines, ACF laminating machines, backlight assembly machines, OCA full-automatic laminating equipment, 3D laminating equipment, curved surface laminating equipment, OLED full-automatic bending machines, etc.; CCM camera inspection and assembly equipment; automotive intelligent module lines, fingerprint module full-automatic production lines, etc. | Precision assembly, production, and inspection of 3C modules such as touch display modules | | Automotive Powertrain Intelligent Manufacturing Equipment Business | Automatic inspection equipment, automatic assembly equipment, cleaning and filtration equipment, logistics handling equipment, and multi-station special processing equipment, etc. | Intelligent manufacturing automation equipment for automotive engines, transmissions, motors, etc. | [ (V) Business Model](index=13&type=section&id=(V)%20Business%20Model) During the reporting period, the company's business model remained largely unchanged, primarily adopting independent R&D, direct order sales, production-driven procurement, and sales-driven production, fostering close client collaboration through proactive R&D and technological reserves, expanding markets via diverse client resources and comprehensive solutions, formulating procurement plans based on orders and production schedules, and manufacturing according to client requirements and market forecasts, while actively promoting distributed production and product standardization - The company adopts an independent R&D model, possessing an experienced professional R&D team and a comprehensive R&D innovation system, and has established close cooperative relationships with downstream customers[46](index=46&type=chunk) - The company primarily employs an order-based direct sales model, leveraging its technical strength and customer resources to actively expand orders and provide comprehensive solutions to potential clients[47](index=47&type=chunk) - The company primarily adopts a production-driven procurement model, formulating procurement plans based on order demands and production schedules, and maintaining appropriate inventory for some raw materials[48](index=48&type=chunk) - The company primarily adopts a sales-driven production model, formulating production plans based on customer requirements, and pre-producing some standard model equipment as safety stock[49](index=49&type=chunk) [ (VI) Key Performance Drivers During the Reporting Period](index=13&type=section&id=(VI)%20Key%20Performance%20Drivers%20During%20the%20Reporting%20Period) During the reporting period, the company's operating revenue decreased by **63.59%** year-on-year to **89.13 million yuan**, and net profit attributable to shareholders declined by **1,131.46%** to **-105.61 million yuan**, with losses primarily driven by reduced revenue from the touch display module segment automated equipment business due to lower-than-expected downstream demand and acceptance progress, coupled with a **78.96 million yuan** provision for credit impairment Key Performance Data During the Reporting Period | Indicator | Amount (million yuan) | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue | 89.13 | -63.59% | | Net Profit Attributable to Shareholders of Listed Company | -105.61 | -1,131.46% | - The primary reason for the performance loss was the touch display module segment automated equipment business being affected by lower-than-expected downstream demand and acceptance progress, leading to a decrease in the company's overall operating revenue and net profit[50](index=50&type=chunk) - A credit impairment provision of **78.96 million yuan** was made in this reporting period, an increase of **1,268.09%** compared to the same period last year, collectively resulting in the current period's performance loss[50](index=50&type=chunk) [II. Analysis of Core Competencies](index=13&type=section&id=II.%20Analysis%20of%20Core%20Competencies) During the reporting period, the company's core competencies remained largely unchanged, primarily demonstrated through its core technological advantages, customer resource advantages, product development advantages, and brand effect advantages, possessing **189** valid patents and **42** software copyrights, maintaining stable collaborations with renowned domestic and international enterprises, operating a product development platform capable of rapid market response, and establishing a strong brand reputation within the industry - The company regards scientific and technological R&D as its most core endogenous driving force for development, having established a well-structured and standardized R&D system, and possessing continuous independent R&D and innovation capabilities[52](index=52&type=chunk) - As of the end of this reporting period, the company and its subsidiaries held **189** authorized valid patents (including **43** invention patents, **140** utility model patents, and **6** design patents) and **42** software copyrights[52](index=52&type=chunk) - Leveraging its robust technical strength, high-quality products, and after-sales service, the company has accumulated extensive customer resources from renowned domestic and international enterprises, achieving coverage of mainstream domestic display panel manufacturers and module manufacturers[53](index=53&type=chunk) - The company's core subsidiary, Shenzhen Xinsanli Automation Equipment Co., Ltd., has been recognized as a high-tech enterprise and a national "Little Giant" enterprise specializing in niche sectors, possessing a stable and high-quality technical R&D and product development talent team, and forming a market-responsive rapid reaction mechanism[54](index=54&type=chunk) - The company's product line covers multiple manufacturing processes for touch display module segment automated equipment, establishing a strong reputation in the industry through advantages in technology development, product quality, and service quality, with its brand widely recognized and accepted by the market[55](index=55&type=chunk) [III. Analysis of Main Business Operations](index=14&type=section&id=III.%20Analysis%20of%20Main%20Business%20Operations) During the reporting period, the company's main business revenue decreased by **63.59%** year-on-year to **89.13 million yuan**, primarily due to a decline in touch display module segment automated equipment revenue; operating costs decreased by **52.61%**, and selling expenses by **59.55%**; financial expenses increased by **79.76%** due to loan interest subsidies received in the prior year; net cash flow from operating activities decreased by **131.80%** to **-2.90 million yuan**, with the touch display module segment equipment business experiencing a reduced revenue share and a significant **15.65%** drop in gross profit margin Key Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 89,132,188.16 | 244,807,744.56 | -63.59% | Touch display module segment automated equipment business revenue declined due to downstream demand and acceptance progress | | Operating Cost | 74,148,356.69 | 156,476,451.02 | -52.61% | Revenue decline, proportional decrease in revenue cost | | Selling Expenses | 4,050,894.68 | 10,014,592.70 | -59.55% | Decrease in business development expenses for touch display module segment automated equipment | | Financial Expenses | 1,904,086.97 | 1,059,247.82 | 79.76% | Loan interest subsidies received in the prior year period | | Income Tax Expense | -2,794,450.88 | 3,435,732.63 | -181.33% | Change in deductible temporary differences in the current period | | Net Cash Flow from Operating Activities | -2,904,033.62 | 9,131,291.81 | -131.80% | Both operating cash inflows and outflows decreased, with inflows decreasing more significantly than outflows | | Net Cash Flow from Investing Activities | 5,395,364.00 | -2,677,171.52 | 301.53% | Received proceeds from planned disposal of factory buildings in the current reporting period | | Net Cash Flow from Financing Activities | -10,871,541.79 | -5,588,916.31 | -94.52% | Both borrowings obtained and repayments made increased in the current reporting period compared to the prior year period | | Net Increase in Cash and Cash Equivalents | -8,423,539.70 | 868,007.76 | -1,070.45% | Comprehensive impact of net cash flows from operating, investing, and financing activities | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Profit Margin | Operating Revenue Year-on-Year Change | Operating Cost Year-on-Year Change | Gross Profit Margin Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Touch Display Module Segment Equipment | 38,667,027.40 | 27,354,812.54 | 29.26% | -78.69% | -72.64% | -15.65% | | Automotive Intelligent Manufacturing Equipment | 50,465,160.76 | 46,793,544.15 | 7.28% | -20.32% | -17.20% | -3.50% | [IV. Analysis of Non-Core Business Operations](index=15&type=section&id=IV.%20Analysis%20of%20Non-Core%20Business%20Operations) During the reporting period, non-core business operations impacted total profit, with credit impairment losses reaching **-78.96 million yuan**, accounting for **72.84%** of total profit, primarily due to bad debt provisions for other receivables, while investment income was **0.43 million yuan**, asset impairment was **-2.95 million yuan**, non-operating income was **0.54 million yuan**, and non-operating expenses were **0.47 million yuan** Impact of Non-Core Business on Total Profit | Item | Amount (yuan) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 425,383.11 | -0.39% | | No | | Asset Impairment | -2,945,574.30 | 2.72% | | No | | Non-Operating Income | 539,466.07 | -0.50% | | No | | Non-Operating Expenses | 474,851.50 | -0.44% | | No | | Credit Impairment | -78,964,812.33 | 72.84% | Primarily bad debt provision for other receivables in the current reporting period | No | [V. Analysis of Assets and Liabilities](index=16&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets were **754 million yuan**, a **15.20%** decrease from the prior year-end, with cash, accounts receivable, and contract assets declining, while inventory proportion increased; liabilities saw slight changes in short-term borrowings and contract liabilities; financial assets measured at fair value totaled **2.73 million yuan** at period-end, mainly comprising receivables financing and other equity instrument investments, with certain assets, including cash, fixed assets, intangible assets, and long-term equity investments, having restricted rights Significant Changes in Asset Composition | Item | Current Period-End Amount (yuan) | Proportion of Total Assets | Prior Year-End Amount (yuan) | Proportion of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 19,189,452.01 | 2.55% | 39,736,282.17 | 4.47% | -1.92% | | Accounts Receivable | 123,651,834.26 | 16.41% | 152,945,551.99 | 17.21% | -0.80% | | Contract Assets | 23,870,893.92 | 3.17% | 37,976,567.82 | 4.27% | -1.10% | | Inventories | 201,438,527.84 | 26.73% | 205,873,311.41 | 23.17% | 3.56% | | Total Assets | 753,543,559.69 | | 888,612,341.44 | | -15.20% | | Short-Term Borrowings | 69,953,666.67 | 9.28% | 78,197,130.66 | 8.80% | 0.48% | | Contract Liabilities | 115,792,849.12 | 15.37% | 131,344,634.79 | 14.78% | 0.59% | Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (yuan) | Period-End Balance (yuan) | | :--- | :--- | :--- | | Subtotal of Financial Assets | 1,477,000.00 | 1,477,000.00 | | Receivables Financing | 5,150,155.28 | 1,257,486.71 | | Total Above | 6,627,155.28 | 2,734,486.71 | - Other changes in receivables financing were primarily due to a decrease in the amount of high-credit-rated notes receivable held at the end of the reporting period[69](index=69&type=chunk) [VI. Analysis of Investment Activities](index=17&type=section&id=VI.%20Analysis%20of%20Investment%20Activities) During the reporting period, the company had no significant equity investments, non-equity investments, use of raised funds, entrusted wealth management, derivative investments, or entrusted loans; financial assets measured at fair value totaled **2.73 million yuan** at period-end, a decrease from the beginning of the period, primarily due to reduced receivables financing - The company had no use of raised funds during the reporting period[72](index=72&type=chunk) - The company had no entrusted wealth management, derivative investments, or entrusted loans during the reporting period[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk) Financial Assets Measured at Fair Value | Asset Category | Initial Investment Cost (yuan) | Period-End Amount (yuan) | Other Changes (yuan) | | :--- | :--- | :--- | :--- | | Other | 6,627,155.28 | 2,734,486.71 | -3,892,668.57 | | Total | 6,627,155.28 | 2,734,486.71 | -3,892,668.57 | [VII. Disposal of Significant Assets and Equity](index=18&type=section&id=VII.%20Disposal%20of%20Significant%20Assets%20and%20Equity) The company did not dispose of any significant assets or equity during the reporting period - The company did not dispose of any significant assets during the reporting period[76](index=76&type=chunk) - The company did not dispose of any significant equity during the reporting period[77](index=77&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=18&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) The company's major subsidiary, Shenzhen Xinsanli Automation Equipment Co., Ltd., reported operating revenue of **38.64 million yuan** during the period, a **78.70%** year-on-year decrease, and a net loss of **-37.53 million yuan**, a **206.73%** year-on-year decline, with performance changes primarily due to lower-than-expected downstream demand and acceptance progress; additionally, subsidiary Dalian Jieyun Automation Co., Ltd. has been deregistered, with no significant impact on overall production, operations, or performance Financial Performance of Major Subsidiaries | Company Name | Company Type | Registered Capital (yuan) | Operating Revenue (yuan) | Net Profit (yuan) | | :--- | :--- | :--- | :--- | :--- | | Shenzhen Xinsanli Automation Equipment Co., Ltd. | Subsidiary | 300,000,000.00 | 38,639,240.87 | -37,531,085.83 | - Shenzhen Xinsanli Automation Equipment Co., Ltd.'s operating revenue decreased by **78.70%** and net profit decreased by **206.73%** in the current reporting period compared to the same period last year[78](index=78&type=chunk) - Subsidiary Dalian Jieyun Automation Co., Ltd. has been deregistered, with no significant impact on overall production, operations, or performance[78](index=78&type=chunk) [IX. Information on Structured Entities Controlled by the Company](index=18&type=section&id=IX.%20Information%20on%20Structured%20Entities%20Controlled%20by%20the%20Company) The company had no structured entities under its control during the reporting period - The company had no structured entities under its control during the reporting period[79](index=79&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=19&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks such as intensified market competition, lower-than-expected downstream demand, product R&D and technological updates, bad debts from accounts receivable, and inventory impairment provisions; it plans to address these by enhancing product competitiveness, expanding new customers and application areas, increasing R&D in new display technologies like OLED, and strengthening accounts receivable management and inventory control - The company faces the risk of intensified market competition and will respond by strictly controlling product quality, improving performance, reducing costs, increasing technological innovation, and expanding product categories and application areas[80](index=80&type=chunk) - The company faces the risk of lower-than-expected downstream demand and will closely monitor industry developments, intensify R&D efforts in new display technologies like OLED, enhance product market competitiveness, and actively expand its base of high-quality customers[81](index=81&type=chunk) - The company faces product R&D and technological update risks and will further increase R&D efforts in new display technologies like OLED, conduct forward-looking technological R&D in collaboration with downstream customers, and accelerate the upgrading of industrialized products[82](index=82&type=chunk) - The company faces the risk of bad debts from accounts receivable and will improve internal controls, strengthen monitoring and management of accounts receivable, enhance customer credit risk tracking, and accelerate collection speed[83](index=83&type=chunk) - The company faces the risk of inventory impairment provisions and will strengthen control and supervision over inventory inbound, measurement, outbound, and balance processes to improve inventory turnover speed[84](index=84&type=chunk) [XI. Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=19&type=section&id=XI.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) During the reporting period, on April 29, 2025, the company hosted public investors via an online exchange on the Value Online platform, primarily discussing its 2024 annual performance, with relevant information disclosed on Juchao Information Network Research Activities Hosted During the Reporting Period | Reception Time | Reception Location | Reception Method | Type of Reception Object | Main Content Discussed and Materials Provided | | :--- | :--- | :--- | :--- | :--- | | April 29, 2025 | Value Online (https://www.ir-online.cn/) | Online platform exchange | Public investors | Company's 2024 Annual Performance Explanation | [XII. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=20&type=section&id=XII.%20Formulation%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[87](index=87&type=chunk) - The company has not disclosed a valuation enhancement plan[87](index=87&type=chunk) [XIII. Implementation of "Quality and Return Dual Enhancement" Action Plan](index=20&type=section&id=XIII.%20Implementation%20of%20%E2%80%9CQuality%20and%20Return%20Dual%20Enhancement%E2%80%9D%20Action%20Plan) The company has not disclosed an announcement regarding the "Quality and Return Dual Enhancement" action plan - The company has not disclosed an announcement regarding the "Quality and Return Dual Enhancement" action plan[87](index=87&type=chunk) [Section 4. Corporate Governance, Environment, and Society](index=21&type=section&id=Section%204.%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details changes in the company's directors, supervisors, and senior management, outlines profit distribution plans, discusses environmental information disclosure, and highlights the company's social responsibility initiatives [I. Changes in Directors, Supervisors, and Senior Management](index=21&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, the company experienced multiple changes in its directors, supervisors, and senior management, with Zhang Xiumin resigning as supervisor on April 8, 2025, and later appointed as CFO on June 5, 2025, while He Jiangxian was elected as employee representative supervisor on April 8, 2025, but subsequently resigned on June 27, 2025, due to the abolition of the board of supervisors in the company's articles of association, a change also affecting Luo Dong and Zou Menghua Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Zhang Xiumin | Supervisor | Resignation | April 08, 2025 | Personal reasons | | He Jiangxian | Supervisor | Election | April 08, 2025 | Elected as employee representative supervisor by the company's first extraordinary employee representative meeting in 2025 | | Zhang Xiumin | Chief Financial Officer | Appointment | June 05, 2025 | Appointed as Chief Financial Officer by the eleventh extraordinary meeting of the sixth board of directors | | Luo Dong | Chairman of the Board of Supervisors | Resignation | June 27, 2025 | No longer serving as Chairman of the Board of Supervisors due to the abolition of the Board of Supervisors in the "Articles of Association" | | He Jiangxian | Supervisor | Resignation | June 27, 2025 | No longer serving as Supervisor due to the abolition of the Board of Supervisors in the "Articles of Association" | | Zou Menghua | Supervisor | Resignation | June 27, 2025 | No longer serving as Supervisor due to the abolition of the Board of Supervisors in the "Articles of Association" | [II. Profit Distribution and Capital Reserve Conversion to Share Capital in the Current Reporting Period](index=21&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20in%20the%20Current%20Reporting%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[90](index=90&type=chunk) [III. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=21&type=section&id=III.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures, nor their implementation, during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures, nor their implementation, during the reporting period[91](index=91&type=chunk) [IV. Environmental Information Disclosure](index=21&type=section&id=IV.%20Environmental%20Information%20Disclosure) 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) [V. Social Responsibility](index=21&type=section&id=V.%20Social%20Responsibility) During the reporting period, the company actively fulfilled its social responsibilities by improving governance, enhancing information disclosure, and engaging in multi-channel interactions to protect shareholder and creditor interests, operating legally, safeguarding employee rights, providing vocational training and safety production guarantees, while also maintaining mutually beneficial relationships with suppliers and customers, strengthening supplier management, and improving product quality and service - The company strictly adheres to laws and regulations, improves its governance structure, strengthens internal control systems, operates in a standardized manner, and interacts with investors through various channels to protect the interests of small and medium-sized investors[92](index=92&type=chunk) - The company operates legally, signs labor contracts with employees, provides social insurance and housing provident funds, values employee growth and vocational training, and prioritizes production safety[93](index=93&type=chunk) - The company adheres to a win-win principle with suppliers and customers, strengthens supplier management, responds quickly to customer needs, provides high-quality services, and enhances product quality[93](index=93&type=chunk) [Section 5. Significant Matters](index=23&type=section&id=Section%205.%20Significant%20Matters) This section covers significant matters including unfulfilled commitments, related party transactions, litigation, penalties, and other material events impacting the company [I. Commitments Fulfilled and Overdue Unfulfilled by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and Other Committed Parties During and as of the End of the Reporting Period](index=23&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20by%20the%20Company%27s%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20Other%20Committed%20Parties%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) During the reporting period, repurchase obligors including Anji Kaisheng, Anji Meiqian, Anji Zhongqian, Zhou Fei, and Zhou Kai failed to complete their Jiutian Zhongchuang equity repurchase obligations on time; according to the Shenzhen International Arbitration Court's ruling, obligors must pay **320.32 million yuan** for equity repurchase but no performance compensation, with **145.77 million yuan** in equity repurchase funds and **4.07 million yuan** in legal and arbitration fees still owed to the company as of the report disclosure date, primarily by Sichuan Jiutian, prompting the company to initiate asset preservation and enforcement measures for recovery - The repurchase obligors failed to complete their equity repurchase obligations on time[97](index=97&type=chunk) - According to the Shenzhen International Arbitration Court's ruling, the repurchase obligors must fulfill their repurchase obligations and pay an equity repurchase price of **320,324,097.88 yuan**, but are not required to pay performance compensation[95](index=95&type=chunk) - As of the disclosure date of this report, the repurchase obligors still need to pay the company **145,770,500 yuan** in equity repurchase funds, and a total of **4,074,908 yuan** in legal and arbitration fees[96](index=96&type=chunk) - Sichuan Jiutian has not yet paid the **145,770,500 yuan** equity repurchase amount[96](index=96&type=chunk) - The company has applied to the Shenzhen Intermediate People's Court for compulsory enforcement of the arbitration award against the repurchase obligors, which has been accepted and put into execution[97](index=97&type=chunk) [II. Non-Operating Funds Occupied by Controlling Shareholders and Other Related Parties from the Listed Company](index=26&type=section&id=II.%20Non-Operating%20Funds%20Occupied%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20from%20the%20Listed%20Company) During the reporting period, there were no instances of non-operating funds being occupied by controlling shareholders or other related parties from the listed company - During the reporting period, there were no instances of non-operating funds being occupied by controlling shareholders or other related parties from the listed company[98](index=98&type=chunk) [III. Irregular External Guarantees](index=26&type=section&id=III.%20Irregular%20External%20Guarantees) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[99](index=99&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=26&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[100](index=100&type=chunk) [V. Explanations by the Board of Directors, Board of Supervisors, and Audit Committee on the Accounting Firm's "Non-Standard Audit Report" for the Current Period](index=26&type=section&id=V.%20Explanations%20by%20the%20Board%20of%20Directors%2C%20Board%20of%20Supervisors%2C%20and%20Audit%20Committee%20on%20the%20Accounting%20Firm%27s%20%E2%80%9CNon-Standard%20Audit%20Report%E2%80%9D%20for%20the%20Current%20Period) During the reporting period, there was no "non-standard audit report" issued by the accounting firm for the company - During the reporting period, there was no "non-standard audit report" issued by the accounting firm for the company[101](index=101&type=chunk) [VI. Board of Directors' Explanation on Matters Related to the Prior Year's "Non-Standard Audit Report"](index=26&type=section&id=VI.%20Board%20of%20Directors%27%20Explanation%20on%20Matters%20Related%20to%20the%20Prior%20Year%27s%20%E2%80%9CNon-Standard%20Audit%20Report%E2%80%9D) During the reporting period, there was no explanation from the company regarding matters related to the prior year's "non-standard audit report" - During the reporting period, there was no explanation from the company regarding matters related to the prior year's "non-standard audit report"[101](index=101&type=chunk) [VII. Matters Related to Bankruptcy Reorganization](index=26&type=section&id=VII.%20Matters%20Related%20to%20Bankruptcy%20Reorganization) The company had no matters related to bankruptcy reorganization during the reporting period - The company had no matters related to bankruptcy reorganization during the reporting period[101](index=101&type=chunk) [VIII. Litigation Matters](index=26&type=section&id=VIII.%20Litigation%20Matters) The company is involved in multiple significant litigation and arbitration matters, including a final ruling in the equity repurchase dispute with Anji Kaisheng and other obligors, and Sichuan Jiutian Zhongchuang, requiring obligors to pay **320 million yuan** for equity repurchase, with some amounts still outstanding, prompting the company to seek compulsory enforcement; arbitration proceedings for the contract dispute with Sichuan Jiutian (Case No. 3298) have been suspended due to a police investigation by Ziyang Public Security Bureau; additionally, the company is a plaintiff in **21** other lawsuits and a defendant in **42** cases that do not meet the threshold for significant litigation disclosure - The company filed for arbitration in the Jiutian Zhongchuang performance compensation and equity repurchase dispute involving Anji Kaisheng, Anji Meiqian, Anji Zhongqian, Zhou Fei, and Zhou Kai, with a case value of **446.55 million yuan**, which has received a final award[102](index=102&type=chunk) - The award requires Anji Kaisheng and others to jointly repurchase the company's **75.7727%** equity in Jiutian Zhongchuang and pay an equity repurchase price of **320,324,097.88 yuan**[102](index=102&type=chunk) - As of the report disclosure date, the company has received cumulative equity repurchase payments of **174,553,597.88 yuan**, with **145,770,500 yuan** in equity repurchase funds and a total of **4,074,908 yuan** in legal and arbitration fees still outstanding[102](index=102&type=chunk) - The company filed for arbitration in the contract dispute with Sichuan Jiutian, Anji Kaisheng, and others (Case No. 3298), with a case value of **180.46 million yuan**, and the arbitration proceedings were suspended on April 16, 2025, due to a police investigation initiated by the Ziyang Public Security Bureau[103](index=103&type=chunk)[105](index=105&type=chunk) - The company is a plaintiff in **21** other lawsuits that do not meet the threshold for significant litigation disclosure, with a total case value of **26.23 million yuan**, of which **13** cases are still pending[107](index=107&type=chunk) - The company is a defendant in **42** other lawsuits that do not meet the threshold for significant litigation disclosure, with a total case value of **22.46 million yuan**, of which **26** cases are still pending, and a total provision for estimated liabilities of **1.73 million yuan** has been made for **11** of these cases[107](index=107&type=chunk) [IX. Penalties and Rectification](index=29&type=section&id=IX.%20Penalties%20and%20Rectification) The company was warned and fined **4 million yuan** by the Dalian CSRC for false records in its 2022 annual report; directors Shi Liquan, Bao Feng, and Li Chao were also warned and fined **2 million yuan**, **0.8 million yuan**, and **0.5 million yuan** respectively, while supervisors Luo Dong, Zou Menghua, and Zhang Xiumin received warning letters for inaccurate financial information disclosure in periodic reports Penalties and Rectification Status | Name/Entity | Type | Reason | Investigation and Penalty Type | Conclusion | Disclosure Date | | :--- | :--- | :--- | :--- | :--- | :--- | | Company | Other | False records in the company's 2022 annual report | Investigation or administrative penalty by China Securities Regulatory Commission | Dalian CSRC issued a warning to the company and imposed a fine of **4 million yuan**. | March 17, 2025 | | Shi Liquan, Bao Feng, Li Chao | Directors | False records in the company's 2022 annual report | Investigation or administrative penalty by China Securities Regulatory Commission | Dalian CSRC issued warnings to Shi Liquan, Bao Feng, and Li Chao, and imposed fines of **2 million yuan**, **0.8 million yuan**, and **0.5 million yuan** respectively. | March 17, 2025 | | Luo Dong, Zou Menghua, Zhang Xiumin | Supervisors | Inaccurate financial information disclosure in periodic reports | Other | Dalian CSRC took supervisory measures by issuing warning letters to Luo Dong, Zou Menghua, and Zhang Xiumin, and recorded them in the securities and futures market integrity file. | March 17, 2025 | [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=30&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) During the reporting period, there were no integrity issues concerning the company, its controlling shareholder, or actual controller - During the reporting period, there were no integrity issues concerning the company, its controlling shareholder, or actual controller[110](index=110&type=chunk) [XI. Significant Related Party Transactions](index=30&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) During the reporting period, the company had no related party transactions related to daily operations, asset or equity acquisitions/disposals, joint external investments, or related party creditor-debtor relationships; on April 23, 2025, the company approved a proposal to accept an estimated gratuitous guarantee limit from a related party, agreeing that Mr. Shi Liquan, Chairman and General Manager, would provide gratuitous guarantees or counter-guarantees for the financing of the company and its controlled subsidiaries and sub-subsidiaries, not exceeding **300 million yuan**, though no new gratuitous guarantees occurred during the reporting period - During the reporting period, the company had no related party transactions related to daily operations, asset or equity acquisitions/disposals, joint external investments, or related party creditor-debtor relationships[110](index=110&type=chunk)[111](index=111&type=chunk)[112](index=112&type=chunk)[113](index=113&type=chunk) - On April 23, 2025, the company approved a proposal to accept an estimated gratuitous guarantee limit from a related party, agreeing that Mr. Shi Liquan, Chairman and General Manager, would provide gratuitous guarantees or counter-guarantees for the financing of the company and its controlled subsidiaries and sub-subsidiaries, not exceeding **300 million yuan**[116](index=116&type=chunk)[117](index=117&type=chunk) - During the reporting period, no new gratuitous guarantee matters from Mr. Shi Liquan have occurred[117](index=117&type=chunk) [XII. Significant Contracts and Their Performance](index=31&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) During the reporting period, the company had no trusteeship, contracting, or leasing matters, nor other significant contracts; it provided guarantees for subsidiaries, with approved guarantee limits totaling **300 million yuan** and actual guarantees amounting to **64 million yuan** during the period, and approved guarantee limits totaling **450 million yuan** with actual guarantee balances of **64 million yuan** at period-end; additionally, the company provided joint liability guarantee and real estate mortgage collateral for Shenzhen Xinsanli's **75 million yuan** credit line application with Industrial Bank - The company had no trusteeship, contracting, or leasing situations during the reporting period[118](index=118&type=chunk)[119](index=119&type=chunk)[120](index=120&type=chunk) Company's Guarantees for Subsidiaries | Guarantor Name | Disclosure Date of Guarantee Limit Announcement | Guarantee Limit (million yuan) | Actual Occurrence Date | Actual Guarantee Amount (million yuan) | Guarantee Type | Collateral | Guarantee Period | Fulfilled | Related Party Guarantee | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Xinsanli | July 23, 2024 | 150 | July 26, 2024 | 70 | Mortgage, Joint Liability Guarantee | Own Real Estate | Three years from the expiration of the main debt performance period | Yes | No | | Shenzhen Xinsanli | July 23, 2024 | 150 | June 26, 2025 | 64 | Mortgage, Joint Liability Guarantee | Own Real Estate | Three years from the expiration of the main debt performance period | No | No | - During the reporting period, the total approved guarantee limit for subsidiaries was **300 million yuan**, with actual guarantees totaling **64 million yuan**[123](index=123&type=chunk) - At the end of the reporting period, the total approved guarantee limit for subsidiaries was **450 million yuan**, with actual guarantee balances totaling **64 million yuan**[123](index=123&type=chunk) - The company provided a joint liability guarantee and mortgaged its own real estate for Shenzhen Xinsanli's application for a credit line not exceeding **75 million yuan** from Industrial Bank Co., Ltd. Shenzhen Branch[124](index=124&type=chunk) [XIII. Explanation of Other Significant Matters](index=33&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) On June 27, 2025, the company held its annual general meeting, approving the proposal to abolish the board of supervisors and amend the Articles of Association, transferring the board of supervisors' functions to the board's audit committee; additionally, due to information disclosure violations, the company is involved in securities misrepresentation liability disputes, with total investor litigation claims amounting to **2.29 million yuan** as of the report disclosure date, of which **1.49 million yuan** remains under trial - On June 27, 2025, the company held its 2024 Annual General Meeting, where it approved the "Proposal on Abolishing the Board of Supervisors and Amending the Articles of Association," agreeing that the company would no longer establish a board of supervisors or supervisors, and the functions of the board of supervisors would be exercised by the board's audit committee[126](index=126&type=chunk) - Due to information disclosure violations, the company is involved in securities misrepresentation liability disputes, with total investor litigation claims amounting to **2,294,514.65 yuan** as of the report disclosure date, of which **808,631.50 yuan** in investor litigation has been concluded, and **1,485,883.15 yuan** remains under trial[127](index=127&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=33&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) The company had no significant subsidiary matters during the reporting period - The company had no significant subsidiary matters during the reporting period[128](index=128&type=chunk) [Section 6. Share Changes and Shareholder Information](index=34&type=section&id=Section%206.%20Share%20Changes%20and%20Shareholder%20Information) This section details the company's share capital changes, securities issuance, shareholder structure, and changes in holdings by directors, supervisors, and senior management [I. Share Capital Changes](index=34&type=section&id=I.%20Share%20Capital%20Changes) During the reporting period, the company's total share capital remained unchanged at **288,549,669 shares**, with the proportions of restricted and unrestricted shares also constant at **6.43%** and **93.57%** respectively, and no share repurchases or centralized bidding reductions of repurchased shares occurred Share Capital Changes | Share Category | Number Before Change (shares) | Proportion Before Change | Increase/Decrease in This Change (＋,－) | Number After Change (shares) | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 18,539,721 | 6.43% | 0 | 18,539,721 | 6.43% | | II. Unrestricted Shares | 270,009,948 | 93.57% | 0 | 270,009,948 | 93.57% | | III. Total Shares | 288,549,669 | 100.00% | 0 | 288,549,669 | 100.00% | - During the reporting period, the company's total share capital remained unchanged[132](index=132&type=chunk) [II. Securities Issuance and Listing](index=35&type=section&id=II.%20Securities%20Issuance%20and%20Listing) The company had no securities issuance or listing during the reporting period - The company had no securities issuance or listing during the reporting period[132](index=132&type=chunk) [III. Number of Shareholders and Shareholding Structure](index=35&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Structure) At the end of the reporting period, the total number of common shareholders was **18,209**; the company's largest shareholder, Shi Liquan, held **8.56%** of shares, with most of his holdings pledged, marked, or frozen; Tan Yongliang and Song Changjiang held **6.18%** and **5.03%** respectively, and there were no related party or concerted action relationships between Mr. Shi Liquan and shareholders like Tan Yongliang and Song Changjiang among the top ten shareholders - The total number of common shareholders at the end of the reporting period was **18,209** households[133](index=133&type=chunk) Shareholding of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at Period-End (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | Share Status | Number (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shi Liquan | Domestic Natural Person | 8.56% | 24,707,628 | 18,530,721 | 6,176,907 | Pledged | 24,500,000 | | | | | | | | Marked | 24,500,000 | | | | | | | | Frozen | 207,628 | | Tan Yongliang | Domestic Natural Person | 6.18% | 17,827,507 | 0 | 17,827,507 | Not Applicable | 0 | | Song Changjiang | Domestic Natural Person | 5.03% | 14,500,000 | 0 | 14,500,000 | Not Applicable | 0 | - The company's largest shareholder, Mr. Shi Liquan, had a cumulative total of **10,530,815 shares** of the company's stock successively frozen[134](index=134&type=chunk) [IV. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=37&type=section&id=IV.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period, with specific details available in the 2024 annual report - The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period[137](index=137&type=chunk) [V. Changes in Controlling Shareholder or Actual Controller](index=37&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) Neither the company's controlling shareholder nor its actual controller changed during the reporting period - The company's controlling shareholder did not change during the reporting period[138](index=138&type=chunk) - The company's actual controller did not change during the reporting period[138](index=138&type=chunk) [VI. Preferred Share Information](index=37&type=section&id=VI.%20Preferred%20Share%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[139](index=139&type=chunk) [Section 7. Bond-Related Information](index=38&type=section&id=Section%207.%20Bond-Related%20Information) This section confirms that the company had no bond-related matters during the reporting period [Bond-Related Information](index=38&type=section&id=Bond-Related%20Information) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[141](index=141&type=chunk) [Section 8. Financial Report](index=39&type=section&id=Section%208.%20Financial%20Report) 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 detailed notes on accounting policies, taxes, and financial items [I. Audit Report](index=39&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[143](index=143&type=chunk) [II. Financial Statements](index=39&type=section&id=II.%20Financial%20Statements) This section presents the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025; the consolidated statements show period-end total assets of **754 million yuan**, liabilities of **368 million yuan**, and equity attributable to parent company owners of **386 million yuan**, with a net loss of **-106 million yuan**; the parent company statements show period-end total assets of **1.758 billion yuan**, liabilities of **364 million yuan**, owners' equity of **1.394 billion yuan**, and a net loss of **-65 million yuan** Key Consolidated Balance Sheet Data (Period-End) | Item | Period-End Balance (yuan) | | :--- | :--- | | Total Assets | 753,543,559.69 | | Total Liabilities | 367,624,932.15 | | Total Equity Attributable to Parent Company Owners | 385,918,627.54 | | Total Liabilities and Owners' Equity | 753,543,559.69 | Key Consolidated Income Statement Data (First Half of 2025) | Item | First Half of 2025 (yuan) | | :--- | :--- | | Total Operating Revenue | 89,132,188.16 | | Operating Profit | -108,471,267.64 | | Total Profit | -108,406,653.07 | | Net Profit | -105,612,202.19 | | Net Profit Attributable to Parent Company Owners | -105,612,202.19 | | Basic Earnings Per Share | -0.37 | Key Consolidated Cash Flow Statement Data (First Half of 2025) | Item | First Half of 2025 (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -2,904,033.62 | | Net Cash Flow from Investing Activities | 5,395,364.00 | | Net Cash Flow from Financing Activities | -10,871,541.79 | | Net Increase in Cash and Cash Equivalents | -8,423,539.70 | | Cash and Cash Equivalents at Period-End | 8,438,957.69 | [III. Company Basic Information](index=57&type=section&id=III.%20Company%20Basic%20Information) Dalian Zhiyun Automation Equipment Co., Ltd. was established on June 4, 1999,

格隆汇8月21日丨ST智云(300097.SZ)公布2025年半年度报告，上半年公司实现营业收入8913.22万元，同 比下降63.59%；归属于上市公司股东的净利润-1.06亿元，同比盈转亏；归属于上市公司股东的扣除非 经常性损益的净利润-1.07亿元；基本每股收益-0.37元。 ...

（一）本次计提资产减值准备的原因 大连智云自动化装备股份有限公司 大连智云自动化装备股份有限公司 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。 一、本次计提资产减值准备情况概述 证券代码：300097 证券简称：ST智云 公告编号：2025-040 大连智云自动化装备股份有限公司（以下简称"公司"或"本公司"）本次 计提资产减值准备，是依照《企业会计准则》及公司会计政策的相关规定进行的 。公司及下属子公司对2025年6月30日各类存货、应收款项等资产进行了全面清 查，对各类存货的可变现净值、应收款项回收的可能性进行了充分的评估和分析 ，认为上述资产中部分资产存在一定的减值迹象。本着谨慎性原则，公司需对可 能发生减值损失的相关资产进行计提减值准备。 （二）本次计提资产减值准备的资产范围、总金额 本次计提的信用减值准备的资产为应收票据、应收账款、其他应收款，综合 计提与转回因素，本期实际计提信用减值准备金额为78,964,812.33元；本次计提 资产减值准备的资产为存货、合同资产，综合计提与转回因素，本期实际计提资 ...

2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 总计 | 10,166.81 | 1,109.22 | 1,019.40 | 10,256.63 | | --- | --- | --- | --- | --- | | 法定代表人：师利全 | 主管会计工作负责人：张秀敏 | | | 会计机构负责人：张秀敏 | 编制单位：大连智云自动化装备股份有限公司 单位：人民币万元 - 2 - - 1 - 大连智云自动化装备股份有限公司 非经营性资金占用 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 30 日占 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 小计 前控股股东、实际控 制人及其附属企业 小计 其他关联方及其附 属企业 小计 总计 其他关联资金往来 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 2 ...