镇江东方电热科技股份有限公司 证券代码：300217 证券简称：东方电热 公告编号：2025-057 镇江东方电热科技股份有限公司 第六届董事会第八次会议决议公告 本公司及董事会全体成员保证公告内容真实、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 镇江东方电热科技股份有限公司（以下简称"公司"）第六届董事会第八次会议于 2025 年 8 月 27 日以现场结合通讯的方式召开，正式的会议通知于 2025 年 8 月 16 日以电子邮件、 微信或电话形式送达所有董事、高级管理人员。本次会议应出席董事 7 名，实际出席会议的董 事 7 名，公司所有高级管理人员列席会议，董事长谭伟主持会议。本次会议的通知、召集、召 开和表决程序符合《公司法》及有关法律、行政法规、部门规章、规范性文件及《公司章程》 的规定。 二、董事会会议审议情况 （一）审议通过了《关于公司 2025 年半年度报告及其摘要的议案》 表决结果：7 票赞成、0 票反对、0 票弃权。 董事会认为：公司编制的《2025 年半年度报告》及其摘要所载资料内容真实、准确、完 整，不存在任何虚假记载、误导性陈述或者重大遗漏，报告的编制 ...

镇江东方电热科技股份有限公司 镇江东方电热科技股份有限公司 对外投资管理制度 第一章 总则 第一条 为规范镇江东方电热科技股份有限公司（以下简称"公司"）的对外 投资行为，有效控制公司对外投资风险，提高对外投资效益，根据《中华人民共和 国公司法》（以下简称"公司法"）、《中华人民共和国证券法》《深圳证券交易 所创业板股票上市规则》（以下简称"创业板上市规则"）和《公司章程》的有关 规定，制定本制度。 第二条 本制度所称对外投资是指公司为获取未来收益而将一定数量的货币 资金、股权及实物、无形资产等作价出资，对外进行各种形式的投资活动。公司通 过收购、置换、出售或其他方式导致公司对外投资的资产增加或减少的行为也适用 于本制度。 （一）公司（含全资及控股子公司，下同）设立全资子公司或全资开发项目； （二）出资与其他境内外独立法人实体、自然人成立合资公司（含控股、参股） 或合作开发项目； 第 1 页 共 7 页 镇江东方电热科技股份有限公司 （三）收购或出售目标企业股权、资产、专利等； 按照投资目的分类，对外投资分为短期投资和长期投资。短期投资包括股票投 资和债券投资，长期投资包括长期股权投资和长期债权投资。 第三条 ...

[Important Notes, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's management affirms the semi-annual report's authenticity and plans no dividend distribution for the period - The Board of Directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report's content, with no false records, misleading statements, or major omissions[5](index=5&type=chunk) - The company **does not plan to distribute cash dividends**, issue bonus shares, or convert capital reserves into share capital[6](index=6&type=chunk) - Future plans and performance forecasts in the report do not constitute substantive commitments to investors, who should maintain sufficient risk awareness[5](index=5&type=chunk) [List of Documents for Inspection](index=4&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) The company lists all reference documents, including signed financial statements and original public filings, available at the Board of Directors' office - Documents for inspection include financial statements signed and sealed by the company's head, chief accounting officer, and head of the accounting department[11](index=11&type=chunk) - The list also includes the original full text and summary of the 2025 semi-annual report, signed by the legal representative and sealed by the company[11](index=11&type=chunk) - All inspection documents are available at the Board of Directors' office at No 18 Wufengshan Road, Dagang, Zhenjiang New District, Jiangsu Province[11](index=11&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section provides definitions for key terms used in the report, ensuring clarity for regulatory bodies, the company, and reporting periods Key Definitions | Term | Definition | | :--- | :--- | | CSRC | China Securities Regulatory Commission | | SZSE, The Exchange | Shenzhen Stock Exchange | | Oriental Thermoelectric, The Company | Zhenjiang Oriental Thermoelectric Technology Co, Ltd | | The Reporting Period | January 1, 2025 to June 30, 2025 | | Same Period Last Year | January 1, 2024 to June 30, 2024 | [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Zhenjiang Oriental Thermoelectric Technology Co, Ltd (stock code: 300217) is listed on the Shenzhen Stock Exchange with Tan Wei as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Ticker | Oriental Thermoelectric | | Stock Code | 300217 | | Stock Exchange | Shenzhen Stock Exchange | | Company Name (Chinese) | 镇江东方电热科技股份有限公司 | | Legal Representative | Tan Wei | [Contact Persons and Methods](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) The company discloses contact information for its Board Secretary and Securities Affairs Representative to facilitate investor communication Contact Information | Position | Name | Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Shi Jingyang | No 18 Wufengshan Road, Dagang, Zhenjiang New District, Jiangsu Province | 051188988598 | 051188988060 | dfzqb@dongfang-heater.com | | Securities Affairs Representative | Lv Shudong | No 18 Wufengshan Road, Dagang, Zhenjiang New District, Jiangsu Province | 051188988598 | 051188988060 | dfzqb@dongfang-heater.com | [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) The company's registration details, contact information, and disclosure locations remained unchanged during the reporting period - 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 locations for information disclosure and document inspection 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) [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's revenue and net profit declined significantly year-over-year, while net assets attributable to shareholders saw slight growth Key Accounting Data and Financial Indicators (Current Period vs Same Period Last Year) | Indicator | Current Period (Yuan) | Same Period Last Year (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,750,459,157.25 | 2,058,744,368.32 | -14.97% | | Net Profit Attributable to Shareholders | 91,002,554.28 | 212,717,508.27 | -57.22% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 77,474,636.59 | 205,018,611.22 | -62.21% | | Net Cash Flow from Operating Activities | -59,804,071.87 | 102,493,479.24 | -158.35% | | Basic Earnings Per Share | 0.0612 | 0.1436 | -57.38% | | Diluted Earnings Per Share | 0.0612 | 0.1436 | -57.38% | | Weighted Average Return on Equity | 2.59% | 5.33% | -2.74% | | Total Assets (End of Period) | 6,338,259,580.52 | 6,689,931,377.01 | -5.26% | | Net Assets Attributable to Shareholders (End of Period) | 4,139,751,212.06 | 4,119,484,917.28 | 0.49% | [Differences in Accounting Data under Domestic and Foreign Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) No discrepancies exist between financial reports prepared under Chinese accounting standards and those under international or foreign standards - The company reports no discrepancies in net profit and net assets between financial reports prepared under international accounting standards and Chinese accounting standards[21](index=21&type=chunk) - The company reports no discrepancies in net profit and net assets between financial reports prepared under foreign accounting standards and Chinese accounting standards[22](index=22&type=chunk) [Non-recurring Profit and Loss Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring profit and loss totaled 13,527,917.69 Yuan, primarily from government subsidies and fair value changes of financial assets Non-recurring Profit and Loss Items and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Profit/Loss from Disposal of Non-current Assets | -22,549.38 | | Government Subsidies Included in Current Profit/Loss | 6,796,704.42 | | Fair Value Change Profit/Loss from Financial Assets and Liabilities Held by Non-financial Enterprises | 7,370,227.34 | | Reversal of Impairment Provision for Individually Tested Receivables | 1,521,547.68 | | Other Non-operating Income and Expenses | -83,012.79 | | Other Profit/Loss Items Meeting Non-recurring Definition | 175,209.45 | | Less: Income Tax Impact | 2,255,299.01 | | Minority Interest Impact (After Tax) | -25,089.98 | | Total | 13,527,917.69 | [Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Principal Business Activities During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's revenue and profit declined due to a polysilicon industry downturn, though its new energy vehicle and pre-plated nickel businesses grew [(I) Company's Basic Situation and Industry Position](index=9&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5%E5%8F%8A%E5%9C%A8%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E7%9A%84%E5%9C%B0%E4%BD%8D) The company is a leading enterprise in electric heaters and new energy, holding dominant positions in multiple niche markets - The company is the **largest manufacturer of air conditioner electric heaters in China**, with long-term partnerships with leading appliance companies like Gree, Midea, and Haier[29](index=29&type=chunk) - It is a **leader in molten salt energy storage electric heaters**, being the first in China to commercialize a 6kv model[29](index=29&type=chunk) - The company ranks among the **top two domestic suppliers of PTC electric heaters for new energy vehicles**, serving core clients like BYD, JAC, Leapmotor, and Xpeng[29](index=29&type=chunk) - It is the **only domestic supplier mass-producing power-type pre-plated nickel materials**, supplying internationally renowned cylindrical battery manufacturers[29](index=29&type=chunk) - The company is a **leader in optical communication steel (aluminum) composite materials in China**, with long-term partnerships with well-known enterprises such as YOFC, Hengtong Optic-electric, and FiberHome[30](index=30&type=chunk) [(II) Development of the Company's Industry](index=10&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%AC%E5%8F%B8%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E5%8F%91%E5%B1%95%E6%83%85%E5%86%B5) The home appliance sector grew due to trade-in policies, while new energy vehicle sales surged and AI boosted fiber optic demand - The home appliance industry (air conditioners, kitchen and bath appliances) experienced **dual growth in domestic and export sales** in the first half, driven by trade-in policies[31](index=31&type=chunk) - In the new energy equipment sector, the polysilicon industry's prosperity declined, while policy support gradually increased demand for molten salt energy storage[32](index=32&type=chunk) - The new energy vehicle industry saw production and sales of nearly **7 million units in the first half**, a year-on-year increase of over 40%, with a penetration rate of 44.3%[32](index=32&type=chunk) - The lithium battery industry is in a growth phase, with **cylindrical batteries experiencing rapid growth** led by Tesla, and new models from BMW also adopting this technology[33](index=33&type=chunk) - In the optical communication industry, while 5G construction has slowed, **AI and big data applications are driving demand** for high-performance data center optical fibers overseas[34](index=34&type=chunk) [(III) Company's Main Business, Products, and Applications](index=10&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E3%80%81%E4%B8%BB%E8%A6%81%E4%BA%A7%E5%93%81%E5%8F%8A%E7%94%A8%E9%80%94) The company operates three main business segments: home appliance components, new energy, and optical communication materials - The company's main business centers on electric heating technology, focusing on the R&D, integration, and application of thermal management systems across various fields[35](index=35&type=chunk) - It has established three major business segments: home appliance components, new energy (equipment manufacturing, automotive components, lithium battery materials), and optical communication materials[35](index=35&type=chunk) Main Products and Applications | Category | Product | Main Application | | :--- | :--- | :--- | | Home Appliance Components | Air Conditioner Electric Heaters | Auxiliary heating for air conditioners | | Home Appliance Components | Kitchen & Bath Electric Heaters | Heating for coffee machines, washing machines, ovens, etc | | New Energy Equipment | Molten Salt Energy Storage Electric Heaters | Grid peak shaving | | New Energy Vehicle Components | NEV PTC Electric Heaters | Thermal management for new energy vehicles | | Lithium Battery Materials | Pre-plated Nickel Materials | Manufacturing of various lithium battery steel shells | | Optical Communication Materials | Optical Communication Steel (Aluminum) Plastic Composite Materials | Composite steel (aluminum) plastic tape for optical and electrical cables | [(IV) Company's Main Business Models](index=12&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%E5%85%AC%E5%8F%B8%E7%9A%84%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F) The company primarily uses a direct sales model, secures stable procurement through bidding, and provides localized customer service - The lithium battery pre-plated nickel business operates under long-term agreements, while other businesses use a bidding process, all employing a direct sales model[39](index=39&type=chunk) - The procurement model ensures stable supply channels through a supplier directory, management systems, and regular bidding for major raw materials[40](index=40&type=chunk) - The production model is order-based, maintains reasonable safety stock for high-demand items, and is advancing towards lean and digital manufacturing[40](index=40&type=chunk) - The service model provides "close-to-market, localized service" through professional teams established in subsidiaries across multiple locations[41](index=41&type=chunk) [(V) Key Performance Drivers](index=13&type=section&id=%EF%BC%88%E4%BA%94%EF%BC%89%E4%B8%BB%E8%A6%81%E4%B8%9A%E7%BB%A9%E5%BD%B1%E5%93%8D%E5%9B%A0%E7%B4%A0) Revenue and net profit fell due to a downturn in the polysilicon industry, though other segments like new energy vehicle components grew Key Performance Data for the Reporting Period | Indicator | Amount (Billion Yuan) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 1.75 | -14.97% | | Net Profit Attributable to Parent | 0.091 | -57.22% | - The decline in net profit was primarily due to **reduced orders in the new energy equipment business**, caused by a downturn in the polysilicon industry, leading to a YoY profit decrease of approximately 110 million Yuan[42](index=42&type=chunk) - The home appliance components business achieved **operating revenue of 716.64 million Yuan, a YoY increase of 14.08%**, while actively expanding overseas clients like LG and Samsung[42](index=42&type=chunk) - The new energy vehicle components business achieved **operating revenue of 304.54 million Yuan, a YoY increase of 61.02%**, and net profit of 35.75 million Yuan, a YoY increase of 89.47%[42](index=42&type=chunk) - The pre-plated nickel materials business achieved **operating revenue of 94.07 million Yuan, a YoY increase of 22.61%**[43](index=43&type=chunk) - In the robotics business, a strategic cooperation agreement was signed with Shanghai Zhishi to jointly develop markets for seat pressure sensing and robotic electronic skin, with mass production preparations completed[43](index=43&type=chunk) [(VI) Main Work Plan for the Second Half of the Year](index=13&type=section&id=%EF%BC%88%E5%85%AD%EF%BC%89%E4%B8%8B%E5%8D%8A%E5%B9%B4%E4%B8%BB%E8%A6%81%E5%B7%A5%E4%BD%9C%E8%AE%A1%E5%88%92) The company plans to upgrade its automotive thermal management products, expand its robotics business, and develop overseas production bases - Develop thick-film heaters and mass-produce smart cockpit products to transition from an auto parts supplier to an integrated service provider, increasing value per vehicle[44](index=44&type=chunk) - Implement strategic cooperation with leading flexible fabric sensor companies to secure orders and develop robot thermal control systems to enter the embodied intelligence supply chain[44](index=44&type=chunk) - Consolidate the first-mover advantage in cylindrical battery materials, enhance market development, and complete the delivery of silicon-carbon anode equipment[46](index=46&type=chunk) - Solidify the leading position in the molten salt energy storage industry to secure technology and market share leadership and capture incremental orders[46](index=46&type=chunk) - Advance the construction of overseas production bases by completing land purchases and initiating the construction of the production base for the Thai subsidiary[47](index=47&type=chunk) [Core Competitiveness Analysis](index=14&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness remained stable and unchanged during the reporting period - The company's core competitiveness did not change during the reporting period[48](index=48&type=chunk) [Main Business Analysis](index=14&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Main business revenue decreased, driven by a sharp decline in new energy equipment, while new energy vehicle components revenue grew significantly YoY Changes in Key Financial Data | Indicator | Current Period (Yuan) | Same Period Last Year (Yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,750,459,157.25 | 2,058,744,368.32 | -14.97% | | | Operating Costs | 1,398,339,130.43 | 1,589,286,659.00 | -12.01% | | | Financial Expenses | -2,070,488.08 | -10,436,470.68 | 80.16% | Decrease in interest income | | Income Tax Expense | 14,652,332.87 | 32,159,066.47 | -54.44% | Decrease in taxable income | | Net Cash Flow from Operating Activities | -59,804,071.87 | 102,493,479.24 | -158.35% | Decreased sales collections and matured bill receipts | | Net Cash Flow from Investing Activities | 231,454,462.53 | -191,480,120.06 | 220.88% | Increased cash from investment recovery and returns | | Net Cash Flow from Financing Activities | -22,574,010.94 | -361,576,591.21 | 93.76% | Decreased cash paid for debt repayment and dividends | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (Yuan) | Operating Costs (Yuan) | Gross Margin | YoY Revenue Change | YoY Cost Change | YoY Gross Margin Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Home Appliance Components | 716,639,231.42 | 610,207,954.74 | 14.85% | 14.08% | 19.29% | -3.72% | | New Energy Vehicle Components | 304,538,752.58 | 243,214,486.46 | 20.14% | 61.02% | 60.21% | 0.41% | | New Energy Equipment Manufacturing | 489,716,315.85 | 341,549,670.76 | 30.26% | -49.59% | -49.83% | 0.34% | | Optical Communication Industry | 172,202,281.39 | 148,134,278.53 | 13.98% | -22.17% | -26.99% | 5.68% | - There were no significant changes in the company's profit structure or sources of profit during the reporting period[51](index=51&type=chunk) [Non-core Business Analysis](index=15&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Asset impairment losses had the most significant negative impact on total profit, accounting for -68.87% Impact of Non-core Business on Total Profit | Item | Amount (Yuan) | % of Total Profit | Reason | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 6,044,837.43 | 5.28% | Income from wealth management products, long-term equity investments | Yes | | Fair Value Change Gains/Losses | 215,191.77 | 0.19% | Wealth management products | No | | Asset Impairment | -78,843,400.87 | -68.87% | Inventory write-down losses | Yes | | Non-operating Income | 495,688.81 | 0.43% | Supplier quality deductions, etc | No | | Non-operating Expenses | 604,942.86 | 0.53% | Donations, inventory scrap losses, fines, etc | No | | Other Income | 17,534,351.41 | 15.32% | Government subsidies, individual income tax refunds | No | | Asset Disposal Gains | 3,691.88 | 0.00% | Gains or losses on disposal of fixed assets | No | | Credit Impairment | 2,594,081.76 | 2.27% | Bad debt losses on receivables | Yes | [Analysis of Assets and Liabilities](index=15&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total assets decreased by 5.26% year-over-year, while the proportion of cash and construction in progress increased Significant Changes in Asset Composition | Item | End of Current Period (Yuan) | % of Total Assets | End of Previous Year (Yuan) | % of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 671,778,330.10 | 10.60% | 524,746,680.90 | 7.84% | 2.76% | | Accounts Receivable | 1,150,698,350.11 | 18.15% | 1,171,103,351.02 | 17.51% | 0.64% | | Inventory | 1,391,138,235.10 | 21.95% | 1,529,266,983.96 | 22.86% | -0.91% | | Construction in Progress | 127,878,331.82 | 2.02% | 67,065,196.86 | 1.00% | 1.02% | | Short-term Borrowings | 24,193,900.00 | 0.38% | 57,200,000.00 | 0.86% | -0.48% | | Contract Liabilities | 723,239,970.51 | 11.41% | 953,611,113.39 | 14.25% | -2.84% | - At the end of the reporting period, the company's **total assets were 6,338,259,580.52 Yuan**, a decrease of 5.26% from the end of the previous year[20](index=20&type=chunk) - At the end of the reporting period, **net assets attributable to shareholders were 4,139,751,212.06 Yuan**, an increase of 0.49% from the end of the previous year[20](index=20&type=chunk) Restricted Assets | Item | Balance (Yuan) | Reason for Restriction | | :--- | :--- | :--- | | Cash and Cash Equivalents | 31,239,000.10 | Bank acceptance bill margin, letter of guarantee margin | | Notes Receivable | 216,403.92 | Bank acceptance bill margin | | Total | 31,455,404.02 | | [Investment Analysis](index=16&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company's financial assets measured at fair value totaled 690.47 million Yuan, while a key fundraising project's completion was delayed Financial Assets Measured at Fair Value | Asset Class | Opening Balance (Yuan) | Fair Value Change (Yuan) | Purchases (Yuan) | Sales (Yuan) | Closing Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets (excl derivatives) | 849,202,495.72 | 214,959.72 | 1,494,280,776.44 | 1,818,058,776.44 | 525,639,455.44 | | Receivables Financing | 176,146,530.62 | | 307,482,830.58 | 318,796,450.12 | 164,832,911.08 | | Total | 1,025,349,026.34 | 214,959.72 | 1,801,763,607.02 | 2,136,855,226.56 | 690,472,366.52 | Overall Use of Raised Funds | Year of Fundraising | Total Funds Raised (10k Yuan) | Net Funds Raised (10k Yuan) | Funds Used This Period (10k Yuan) | Cumulative Funds Used (10k Yuan) | Utilization Rate at Period End | | :--- | :--- | :--- | :--- | :--- | :--- | | 2021 | 60,883.44 | 60,424.02 | 7,958.57 | 49,498.05 | 81.92% | - The "Project for Annual Production of 60 Million Shovel-type PTC Electric Heaters" has been **delayed to June 30, 2025**, due to longer-than-expected equipment commissioning and adjustments in plant construction plans[71](index=71&type=chunk) Entrusted Wealth Management Overview | Type | Source of Funds | Amount Entrusted (10k Yuan) | Outstanding Balance (10k Yuan) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Raised Funds | 18,000 | 0 | | Bank Wealth Management Products | Own Funds | 66,000 | 47,500 | | Brokerage Wealth Management Products | Own Funds | 5,000 | 5,000 | | Total | | 89,000 | 52,500 | [Sale of Major Assets and Equity](index=24&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) No major sales of assets or equity occurred during the reporting period - The company did not sell any major assets during the reporting period[84](index=84&type=chunk) - The company did not sell any major equity stakes during the reporting period[85](index=85&type=chunk) [Analysis of Major Holding and Participating Companies](index=25&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company's main subsidiaries were profitable, and two new subsidiaries were established to enter new markets and expand overseas Major Subsidiaries and Associates with >10% Impact on Net Profit | Company Name | Type | Main Business | Registered Capital (Yuan) | Total Assets (Yuan) | Net Assets (Yuan) | Operating Revenue (Yuan) | Operating Profit (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangsu Oriental Ruiji Energy Equipment Co, Ltd | Subsidiary | Development and sales of production and heating equipment for PV, chemical, power, battery sectors | 700,000,000 | 2,056,490,686.30 | 1,234,536,062.73 | 386,247,088.33 | 49,211,559.30 | 42,340,688.00 | | Jiangsu Huazhi New Energy Technology Co, Ltd | Subsidiary | Development and sales of NEV thermal management systems, smart cockpits, etc | 58,188,000 | 421,593,448.37 | 96,666,123.47 | 318,601,502.13 | 38,282,722.51 | 33,214,185.99 | Acquisition and Disposal of Subsidiaries During the Reporting Period | Company Name | Method of Acquisition/Disposal | Impact on Overall Operations and Performance | | :--- | :--- | :--- | | Wenqing Zhikong (Shanghai) Robot Co, Ltd | Newly established | No significant impact on current performance, but important for entering new sectors and creating a second growth curve | | Oriental Technology (Hong Kong) International Co, Ltd | Newly established | Facilitates the construction of the Thai subsidiary's electric heater project | [Structured Entities Controlled by the Company](index=26&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company did not control any structured entities during the reporting period - The company did not have any controlled structured entities during the reporting period[88](index=88&type=chunk) [Risks and Countermeasures](index=26&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces risks from policy changes, raw material price volatility, customer concentration, and accounts receivable - **Industrial policy change risk**: The new energy vehicle industry benefits from policy support, but adverse changes could reduce orders; the company mitigates this by studying policy trends and preparing response measures[88](index=88&type=chunk) - **Raw material price fluctuation risk**: Key raw materials account for over 60% of total costs, and price volatility poses a risk; countermeasures include price analysis, flexible procurement, and process optimization[89](index=89&type=chunk) - **Major customer dependency risk**: High customer concentration in various sectors creates dependency risk; the company addresses this by developing new products, customers, and markets[90](index=90&type=chunk)[91](index=91&type=chunk) - **Accounts receivable risk**: Expanding business has increased receivables, posing a collection risk despite good payment records from major clients; the company is improving its collection mechanism and customer structure[92](index=92&type=chunk)[93](index=93&type=chunk) [Record of Investor Relations Activities](index=27&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) The company engaged with investors online to discuss performance, new materials, robotics strategy, and new energy vehicle business - On February 7, 2025, the company held an online meeting with 16 institutional investors, including Changjiang Securities, to discuss 2024 performance and business segments[95](index=95&type=chunk) - On April 23, 2025, the company hosted an online meeting with 222 institutional investors, including Changjiang Securities, to communicate its 2024 and Q1 2025 results[95](index=95&type=chunk) - On June 10, 2025, the company met online with 97 institutional investors, including CITIC Securities, to discuss its annual strategy, robotics cooperation, and new energy vehicle business[95](index=95&type=chunk) [Market Value Management System and Valuation Enhancement Plan](index=27&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company established a Market Value Management System in March 2025 but has not disclosed a valuation enhancement plan - The company established a "Market Value Management System" on March 24, 2025[96](index=96&type=chunk) - The system focuses on company quality, using compliant capital operations, investor communication, internal incentives, and risk control to align market value with intrinsic value[96](index=96&type=chunk) - The company has not disclosed a valuation enhancement plan[96](index=96&type=chunk) [Implementation of "Quality and Return Dual Enhancement" Action Plan](index=27&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%22%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%22%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%L%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company did not disclose a "Quality and Return Dual Enhancement" action plan during the reporting period - The company did not disclose a "Quality and Return Dual Enhancement" action plan announcement during the reporting period[97](index=97&type=chunk) [Corporate Governance, Environment, and Society](index=28&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [Changes in Directors, Supervisors, and Senior Management](index=28&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Several changes occurred in the company's board and senior management, including the departure and appointment of independent directors Changes in Directors, Supervisors, and Senior Management | Name | Position | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Kong Yusheng | Independent Director | Resigned | March 11, 2025 | Personal reasons | | Yue Xiufeng | Independent Director | Elected | April 11, 2025 | Personal reasons | | Zhu Xiaolong | Director | Resigned | June 03, 2025 | Work transfer | | Zhao Hailin | Chairman of the Supervisory Board | Resigned | May 30, 2025 | Work transfer | | Zhao Hailin | Employee Representative Director | Elected | June 03, 2025 | Work transfer | [Profit Distribution and Capitalization of Capital Reserve](index=28&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company does not plan to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for this semi-annual period - The company plans **no cash dividend distribution**, bonus share issuance, or capitalization of capital reserve for the semi-annual period[100](index=100&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=28&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company has an active employee stock ownership plan covering 70 core employees, but no equity incentive plan - The company had no equity incentive plans during the reporting period[101](index=101&type=chunk) All Effective Employee Stock Ownership Plans During the Reporting Period | Scope of Employees | Number of Employees | Total Shares Held (shares) | % of Total Share Capital | Source of Funds | | :--- | :--- | :--- | :--- | :--- | | Directors, supervisors, senior management, and core personnel from various business segments | 70 | 6,167,942 | 0.42% | Employee legal compensation, self-raised funds, and other legally permitted methods | - On April 29, 2025, Mr Shi Jingyang was elected as the chairman of the management committee for the company's 2023 Employee Stock Ownership Plan[102](index=102&type=chunk) [Environmental Information Disclosure](index=30&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and four of its main subsidiaries are included in the list of enterprises required to disclose environmental information - The listed company and its main subsidiaries, a total of 4 enterprises, are included in the list of enterprises required to disclose environmental information by law[104](index=104&type=chunk) Subsidiaries on the Environmental Information Disclosure List | No | Company Name | | :--- | :--- | | 1 | Zhenjiang Oriental Thermoelectric Co, Ltd | | 2 | Zhenjiang Oriental Shanyuan Electric Heating Co, Ltd | | 3 | Jiangsu Oriental Jiutian New Energy Materials Co, Ltd | | 4 | Jiangsu Jiutian Optoelectronics Technology Co, Ltd | [Social Responsibility](index=30&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company did not disclose any information related to social responsibility during the reporting period - The company did not disclose any social responsibility-related information during the reporting period[105](index=105&type=chunk) [Significant Matters](index=31&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Commitments Fulfilled or Overdue by Relevant Parties](index=31&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) No commitments were fulfilled or remained overdue by the company's controlling shareholders, affiliates, or other related parties - The company reports no commitments fulfilled or overdue by its actual controller, shareholders, related parties, acquirers, or the company itself during the reporting period[107](index=107&type=chunk) [Non-operating Fund Occupation by Controlling Shareholders and Other Affiliates](index=31&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) There was no non-operating occupation of the company's funds by controlling shareholders or other related parties - The company reports no instances of non-operating fund occupation by its controlling shareholder or other related parties during the reporting period[108](index=108&type=chunk) [Irregular External Guarantees](index=31&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[109](index=109&type=chunk) [Appointment and Dismissal of Accounting Firm](index=31&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report was not audited - The company's semi-annual financial report was unaudited[110](index=110&type=chunk) [Explanation on "Non-standard Audit Report" by the Board and Committees](index=31&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E3%80%81%E5%AE%A1%E8%AE%A1%E5%A7%94%E5%91%98%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) No "non-standard audit report" was issued by the accounting firm for the reporting period - The company reports no instance of a "non-standard audit report" being issued by its accounting firm during the reporting period[111](index=111&type=chunk) [Board's Explanation on Prior Year's "Non-standard Audit Report"](index=31&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) There was no explanation regarding a "non-standard audit report" from the previous year - The company reports no explanation regarding a "non-standard audit report" from the previous year during the reporting period[111](index=111&type=chunk) [Bankruptcy and Reorganization Matters](index=31&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) No bankruptcy or reorganization matters occurred during the reporting period - The company did not experience any bankruptcy or reorganization matters during the reporting period[111](index=111&type=chunk) [Litigation Matters](index=31&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company had no major litigation or arbitration but was involved in several other legal disputes, most of which have been settled - The company had no major litigation or arbitration matters during this reporting period[113](index=113&type=chunk) Overview of Other Litigation Matters | Case Details | Amount Involved (10k Yuan) | Provision Formed | Progress | Outcome | Execution Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Zhenjiang Oriental vs Xinyi Silicon (Yunnan) Co, Ltd sales contract dispute | 388.3 | No | Settlement agreement signed | Court issued civil mediation | In progress | | Jiangsu Ruiji vs Xinyi Silicon (Yunnan) Co, Ltd sales contract dispute | 2,832.78 | No | Settlement agreement signed | Court issued civil mediation | In progress | | Inner Mongolia Shenzhou Silicon vs Zhenjiang Oriental sales contract dispute | 19.16 | No | Second instance verdict rendered | Plaintiff's claims dismissed | Closed | | Gangjing (Tianjin) Supply Chain vs Jiangsu Jiutian freight contract dispute | 80 | No | Settlement agreement signed | Plaintiff withdrew all claims | Closed | [Penalties and Rectifications](index=32&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) No penalties or rectifications occurred during the reporting period - The company reports no penalties or rectifications during the reporting period[114](index=114&type=chunk) [Integrity Status of the Company and Its Controlling Shareholders](index=32&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) There were no integrity issues concerning the company, its controlling shareholders, or actual controller - The company reports no integrity issues concerning itself, its controlling shareholder, or its actual controller during the reporting period[115](index=115&type=chunk) [Major Related-Party Transactions](index=33&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in routine related-party transactions for sales and services, all within approved limits Related-Party Transactions Related to Daily Operations | Related Party | Transaction Type | Transaction Content | Amount (10k Yuan) | % of Similar Transactions | Approved Limit (10k Yuan) | Exceeded Limit | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Yunshen | Related Sales | Sale of goods | 23.36 | 100.00% | 500 | No | | Shanghai Yunshen | Provision of Services | Provision of services | 164.06 | 100.00% | 320 | No | | Shanghai Yunshen | Acceptance of Services | Acceptance of services | 889.09 | 100.00% | 1,990 | No | | Zhenjiang Rijin | Related Purchases | Purchase of goods | 13.92 | 100.00% | 1,500 | No | | Zhenjiang Rijin | Provision of Leases | Leasing | 28.98 | 100.00% | 40 | No | | Total | | | 1,126.04 | | 4,492 | | - The company did not engage in related-party transactions involving the acquisition or sale of assets or equity during the reporting period[119](index=119&type=chunk) - The company did not engage in joint external investments with related parties during the reporting period[120](index=120&type=chunk) - The company had no related-party credit or debt transactions during the reporting period[121](index=121&type=chunk) [Major Contracts and Their Performance](index=35&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company has multiple lease agreements, provides guarantees for subsidiaries, and is fulfilling several major operating contracts Leasing Information | Lessee | Lessor | Leased Area (m2) | Lease Term | Monthly Rent (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Guangzhou Branch | Guangzhou Sanwei Property Service Management Co, Ltd | - | Dec 8, 2023 to Aug 7, 2025 | 9,500 | | Zhou Hui | Oriental Ruiji | 883.59 | Jan 15, 2025 to Jan 14, 2027 | 30,833.33 | | Zhenjiang Rijin | Oriental Thermoelectric | 3,600 | Mar 1, 2022 to Feb 8, 2025 | 46,800 | | Shaoxing Junjia Hardware & Electrical Co, Ltd | Shaoxing Oriental | 19,928.64 | Nov 1, 2023 to Oct 31, 2029 | 307,233.2 | Company Guarantees for Subsidiaries (Partial) | Guaranteed Party | Guarantee Amount (Yuan) | Start Date | End Date | Fulfilled | | :--- | :--- | :--- | :--- | :--- | | Oriental Ruiji | 90,000,000.00 | June 04, 2025 | June 04, 2026 | No | | Zhenjiang Oriental | 15,000,000.00 | June 04, 2025 | June 04, 2026 | No | | Jiangsu Jiutian | 45,000,000.00 | June 04, 2025 | June 04, 2026 | No | | Jiangsu Huazhi | 30,000,000.00 | June 09, 2025 | June 08, 2026 | No | - The total actual guarantee amount at the end of the reporting period represented **1.76% of the company's net assets**[133](index=133&type=chunk) Major Operating Contracts (Partial) | Contracting Company | Counterparty | Total Contract Amount (10k Yuan) | Performance Progress | Revenue Recognized This Period (10k Yuan) | Cumulative Revenue Recognized (10k Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Reduction furnaces, skids, etc | East Hope | 71,300.00 | 90% | 0.00 | 0.00 | | Electric heaters | Inner Mongolia Runyang Yuetda | 4,272.00 | 100% | 4,272.00 | 4,272.00 | | Reduction furnaces, skids | Inner Mongolia Runyang Yuetda | 11,925.00 | 100% | 11,925.00 | 11,925.00 | | Reduction furnaces, electric heaters | Xining Hongshi | 25,774.00 | 100% | 25,774.00 | 25,774.00 | | Electric heaters | United Solar Polysilicon | 5,636.29 | 60% | 0.00 | 0.00 | [Other Significant Matters](index=40&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company is establishing a production base in Thailand and has entered a strategic partnership to develop robotic sensor technology - The company plans to establish a subsidiary and production base in Thailand for the production and sale of various electric heaters, with a total planned investment not exceeding **10 million USD**[136](index=136&type=chunk) - As of the announcement date, the Thai and Hong Kong subsidiaries have been established, and subsequent work is progressing steadily[136](index=136&type=chunk) - The company signed a strategic cooperation agreement with Shanghai Zhishi Intelligent Technology Co, Ltd to expand the application of flexible fabric pressure sensors in the automotive and robotics sectors[136](index=136&type=chunk) - In the collaboration with Shanghai Zhishi, **mass production preparations for seat pressure sensing and robotic electronic skin have been completed**[136](index=136&type=chunk) [Significant Matters of Company Subsidiaries](index=40&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) The company increased its stake in subsidiary Jiangsu Huazhi to 81.5%, and another subsidiary sold its land and property for 88 million Yuan - The company acquired an additional 11.5% stake in Jiangsu Huazhi for 36.22 million Yuan, **increasing its shareholding from 70% to 81.5%**[137](index=137&type=chunk) - Subsidiary Shaoxing Oriental sold its land and property located at No 108 Sanjianghuan Road, Doumen Street, Yuecheng District, Shaoxing City for **88 million Yuan**[138](index=138&type=chunk) - As of the announcement date, Shaoxing Oriental has completed the property title transfer and received the full payment of 88 million Yuan[138](index=138&type=chunk) [Changes in Share Capital and Shareholders](index=42&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Changes in Share Capital](index=42&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share count remained unchanged, with a minor shift from unrestricted to restricted shares due to a management change Changes in Share Capital | Share Class | Pre-change Quantity (shares) | Pre-change Ratio | Change (+, -) (shares) | Post-change Quantity (shares) | Post-change Ratio | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 251,025,428 | 16.98% | 21,000 | 251,046,428 | 16.99% | | Domestic Natural Person Shares | 251,025,428 | 16.98% | 21,000 | 251,046,428 | 16.99% | | II. Unrestricted Shares | 1,226,951,512 | 83.02% | -21,000 | 1,226,930,512 | 83.01% | | RMB Ordinary Shares | 1,226,951,512 | 83.02% | -21,000 | 1,226,930,512 | 83.01% | | III. Total Shares | 1,477,976,940 | 100.00% | 0 | 1,477,976,940 | 100.00% | - Zhao Hailin, former Chairman of the Supervisory Board, holds 84,000 shares; following the dissolution of the board, his shares became restricted for six months, increasing his restricted shares to 84,000[141](index=141&type=chunk) Changes in Restricted Shares | Shareholder Name | Restricted Shares at Start (shares) | Shares Released This Period (shares) | Shares Added This Period (shares) | Restricted Shares at End (shares) | Reason for Restriction | Proposed Release Date | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zhao Hailin | 63,000 | 0 | 21,000 | 84,000 | Executive lock-up | 21,000 shares to be released on Dec 4, 2025 | | Total | 63,000 | 0 | 21,000 | 84,000 | -- | -- | [Securities Issuance and Listing](index=43&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) No securities were issued or listed during the reporting period - The company did not issue or list any securities during the reporting period[145](index=145&type=chunk) [Number of Shareholders and Shareholdings](index=44&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) The company had 53,011 ordinary shareholders, with the top three controlling shareholders collectively holding 33.61% of shares - At the end of the reporting period, the total number of ordinary shareholders was **53,011**[147](index=147&type=chunk) Shareholdings of Top 10 Shareholders or Those with >5% Stake | Shareholder Name | Nature | Shareholding Ratio | Shares Held at Period End (shares) | Change During Period (shares) | Restricted Shares (shares) | Unrestricted Shares (shares) | Pledged, Marked, or Frozen Status (Status/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Tan Rongsheng | Domestic Natural Person | 12.65% | 186,895,486 | 0 | 0 | 186,895,486 | Pledged/80,000,000 | | Tan Ke | Domestic Natural Person | 10.48% | 154,836,745 | -9,641,768 | 123,358,885 | 31,477,860 | N/A/0 | | Tan Wei | Domestic Natural Person | 10.48% | 154,836,713 | -9,641,800 | 123,358,885 | 31,477,828 | Pledged/38,000,000 | - Tan Rongsheng is the father of Tan Wei and Tan Ke; the three are persons acting in concert and are the company's controlling shareholders and actual controllers[147](index=147&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=47&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) Actual controllers Tan Wei and Tan Ke both reduced their shareholdings during the reporting period Changes in Shareholdings of Directors, Supervisors, and Senior Management | Name | Position | Status | Shares at Start (shares) | Shares Increased (shares) | Shares Decreased (shares) | Shares at End (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Tan Wei | Actual Controller, Chairman, GM | Current | 164,478,513 | 0 | 9,641,800 | 154,836,713 | | Tan Ke | Actual Controller, Director | Current | 164,478,513 | 0 | 9,641,768 | 154,836,745 | | Total | -- | -- | 328,957,026 | 0 | 19,283,568 | 309,673,458 | [Changes in Controlling Shareholder or Actual Controller](index=47&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller did not change during the reporting period - The company's controlling shareholder did not change during the reporting period[152](index=152&type=chunk) - The company's actual controller did not change during the reporting period[152](index=152&type=chunk) [Preferred Stock Information](index=48&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred stock during the reporting period - The company had no preferred stock during the reporting period[153](index=153&type=chunk) [Bond-related Matters](index=49&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) [Bond-related Matters](index=49&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[155](index=155&type=chunk) [Financial Report](index=50&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=50&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was not audited - The company's semi-annual financial report was unaudited[157](index=157&type=chunk) [Financial Statements](index=50&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the consolidated and parent company financial statements for the first half of 2025 - The financial statements include the consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owner's equity[158](index=158&type=chunk)[161](index=161&type=chunk)[166](index=166&type=chunk)[168](index=168&type=chunk)[172](index=172&type=chunk)[175](index=175&type=chunk)[177](index=177&type=chunk)[188](index=188&type=chunk) [Company Basic Information](index=71&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Zhenjiang Oriental Thermoelectric Technology Co, Ltd, headquartered in Zhenjiang, operates in three main business segments and is controlled by Tan Rongsheng, Tan Wei, and Tan Ke - The company is primarily engaged in the R&D, production, and sales of products related to home appliances, new energy, and optical communication materials[202](index=202&type=chunk) - The company was listed on the Shenzhen Stock Exchange in May 2011 and had a total share capital of 1,477,976,940 shares as of June 30, 2025[202](index=202&type=chunk) - The company's actual controllers are Tan Rongsheng, Tan Wei, and Tan Ke[202](index=202&type=chunk) [Basis of Preparation for Financial Statements](index=71&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The financial statements are prepared in accordance with Chinese accounting standards and on a going concern basis - These financial statements are prepared in accordance with the "Basic Standard" of the Enterprise Accounting Standards and other related regulations issued by the Ministry of Finance[203](index=203&type=chunk) - The financial statements are prepared on a going concern basis, and no significant doubts about the company's ability to continue as a going concern were identified for the next 12 months[204](index=204&type=chunk) [Significant Accounting Policies and Estimates](index=71&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's specific accounting policies for key areas such as revenue recognition, fixed assets, and inventory valuation - The company adheres to Enterprise Accounting Standards to truly and completely reflect its financial position, operating results, and cash flows[206](index=206&type=chunk) - The company's operating cycle is 12 months, and it uses the Renminbi (RMB) as its functional currency[208](index=208&type=chunk)[209](index=209&type=chunk) - **Inventory is initially measured at cost**, valued using the weighted average method upon issue, and measured at the lower of cost or net realizable value[222](index=222&type=chunk)[223](index=223&type=chunk) - **Fixed assets are depreciated using the straight-line method** over their estimated useful lives: 20 years for buildings, 10 years for machinery, and 5 years for other equipment[233](index=233&type=chunk) - **Revenue is recognized when control of goods or services is transferred to the customer**, with specific methods applied based on the business type[257](index=257&type=chunk)[259](index=259&type=chunk)[260](index=260&type=chunk) [Taxation](index=88&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) The company and several subsidiaries benefit from a preferential 15% corporate income tax rate as high-tech enterprises Main Taxes and Rates | Tax Type | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | The output tax is calculated based on sales revenue and taxable service income as stipulated by tax law, with the difference after deducting allowable input tax being the VAT payable | 13%, 9%, 6% | | Urban Maintenance and Construction Tax | Amount of turnover tax payable | 7%, 5% | | Education Surcharge | Amount of turnover tax payable | 3% | | Local Education Surcharge | Amount of turnover tax payable | 2% | Entities with Different Corporate Income Tax Rates | Taxpayer Name | Income Tax Rate | | :--- | :--- | | Zhenjiang Oriental Thermoelectric Technology Co, Ltd | 15.00% | | Zhenjiang Oriental Thermoelectric Co, Ltd | 15.00% | | Zhuhai Oriental Thermoelectric Technology Co, Ltd | 15.00% | | Jiangsu Oriental Ruiji Energy Equipment Co, Ltd | 15.00% | | Jiangsu Jiutian Optoelectronics Technology Co, Ltd | 15.00% | | Jiangsu Oriental Jiutian New Energy Materials Co, Ltd | 15.00% | | Zhenjiang Oriental Shanyuan Electric Heating Co, Ltd | 15.00% | | Jiangsu Huazhi New Energy Technology Co, Ltd | 15.00% | | Hefei Oriental Refrigeration & Air Conditioning Equipment Parts Co, Ltd | 20.00% | | Shaoxing Oriental Thermoelectric Technology Co, Ltd | 25.00% | - The company and several subsidiaries enjoy a **preferential corporate income tax rate of 15%** due to their high-tech enterprise certification[278](index=278&type=chunk)[279](index=279&type=chunk)[280](index=280&type=chunk)[281](index=281&type=chunk) - According to policy, small and micro enterprises are subject to a **corporate income tax rate of 20%** on 25% of their taxable income[281](index=281&type=chunk) [Notes to Consolidated Financial Statement Items](index=90&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on all major items within the consolidated financial statements, including assets, liabilities, and equity - At period-end, **cash and cash equivalents totaled 671.78 million Yuan**, with 31.24 million Yuan being restricted[283](index=283&type=chunk)[285](index=285&type=chunk) - At period-end, **trading financial assets were 525.64 million Yuan**, primarily consisting of wealth management products[287](index=287&type=chunk)[288](index=288&type=chunk) - At period-end, the carrying amount of **accounts receivable was 1.15 billion Yuan**, with a bad debt provision of 231.87 million Yuan[304](index=304&type=chunk) - At period-end, the carrying amount of **inventory was 1.39 billion Yuan**, with a total provision for inventory write-down and contract cost impairment of 157.04 million Yuan[340](index=340&type=chunk)[342](index=342&type=chunk) - At period-end, **total equity attributable to parent company owners was 4.14 billion Yuan**, with retained earnings of 1.78 billion Yuan[163](index=163&type=chunk)[427](index=427&type=chunk) - For the current period, **operating revenue was 1.75 billion Yuan** and operating costs were 1.40 billion Yuan[429](index=429&type=chunk) - For the current period, **net profit attributable to parent company shareholders was 91.00 million Yuan**, with basic earnings per share of 0.0612 Yuan/share[167](index=167&type=chunk) [R&D Expenditures](index=129&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) Total R&D expenditure for the period was 83.99 million Yuan, all of which was expensed R&D Expenditure Breakdown | Item | Current Period (Yuan) | Prior Period (Yuan) | | :--- | :--- | :--- | | Material Costs | 52,134,853.60 | 57,087,810.07 | | Employee Compensation | 17,580,619.84 | 23,368,800.03 | | Fuel and Power | 4,868,927.74 | 4,470,640.87 | | Depreciation and Amortization | 3,204,398.00 | 2,646,740.52 | | Other | 6,197,365.85 | 3,668,525.73 | | Total | 83,986,165.03 | 91,242,517.22 | | Of which: Expensed R&D | 83,986,165.03 | 91,242,517.22 | [Changes in Consolidation Scope](index=129&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) The consolidation scope changed with the establishment of two new subsidiaries, one for robotics and one for international operations Newly Established Subsidiaries | Subsidiary Name | Establishment Date | Registered Capital | Investing Entity | Shareholding Ratio (%) | | :--- | :--- | :--- | :--- | :--- | | Wenqing Zhikong (Shanghai) Robot Co, Ltd | April 24, 2025 | 20 million Yuan | Zhenjiang Oriental Thermoelectric Technology Co, Ltd | 70 | | Oriental Technology (Hong Kong) International Co, Ltd | June 25, 2025 | 1 million HKD | Zhenjiang Oriental Thermoelectric Technology Co, Ltd | 100 | [Interests in Other Entities](index=129&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds interests in multiple subsidiaries and associates, and increased its stake in the key subsidiary Jiangsu Huazhi to 81.5% - The company owns several subsidiaries engaged in manufacturing, trade, and R&D services, including Jiangsu Oriental Ruiji Energy Equipment and Jiangsu Huazhi New Energy Technology[485](index=485&type=chunk)[486](index=486&type=chunk) Key Financial Information of a Major Non-wholly Owned Subsidiary (Jiangsu Huazhi New Energy Technology Co, Ltd) | Indicator | Closing Balance (Yuan) | Current Period Amount (Yuan) | | :--- | :--- | :--- | | Minority Interest Shareholding Ratio | 18.50% | | | Profit/Loss Attributable to Minority Interests | | 10,505,172.12 | | Operating Revenue | | 318,601,502.13 | | Net Profit | | 33,214,185.99 | | Total Comprehensive Income | | 33,214,185.99 | | Cash Flow from Operating Activities | | 57,542,907.05 | - The company acquired an 11.5% stake in Jiangsu Huazhi New Energy Technology, **increasing its shareholding from 70% to 81.5%**[493](index=493&type=chunk) - The company holds equity interests in several associate companies, including Shenzhen Shanyuan Electric Co, Ltd and Zhejiang Yilan Zhixin Electronic Technology Co, Ltd[521](index=521&type=chunk)[498](index=498&type=chunk)[499](index=499&type=chunk) [Government Grants](index=133&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) The company recognized 6.80 million Yuan in government grants as current period income, with a remaining deferred income balance of 39.50 million Yuan Liability Items Related to Government Grants | Account | Opening Balance (Yuan) | New Grants (Yuan) | Recognized as Non-operating Income (Yuan) | Transferred to Other Income (Yuan) | Closing Balance (Yuan) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 41,288,277.79 | | | 1,790,698.54 | 39,497,579.25 | Asset-related | Government Grants Recognized in Current Profit/Loss | Account | Current Period (Yuan) | Prior Period (Yuan) | | :--- | :--- | :--- | | Transfer from Deferred Income | 1,790,698.54 | 1,712,244.86 | | Provincial Carbon Neutrality Technology Innovation Special Fund | 1,200,000.00 | | | Jiangsu Province Manufacturing Strong Province Construction Special Fund | 1,000,000.00 | | | VAT优惠 for Employment of Disabled Persons | 870,547.97 | 1,749,600.00 | | Municipal Science and Technology Plan (Major Sci-tech Special Project) Funds | 800,000.00 | | | Municipal Special Funds for Promoting High-Quality Development of a Real Economy | 361,863.00 | 890,000.00 | | Total | 6,796,704.42 | 5,329,793.27 | [Risks Related to Financial Instruments](index=135&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company manages credit, liquidity, and market risks through prudent counterparty selection, cash management, and monitoring of foreign currency exposure - The company faces **credit risk, liquidity risk, and market risk** (including currency risk, interest rate risk, and other price risks)[507](index=507&type=chunk) - **Credit risk is managed** by dealing only with reputable counterparties, continuously monitoring receivable balances, and assessing customer creditworthiness[508](index=508&type=chunk)[509](index=509&type=chunk) - **Liquidity risk is managed** by monitoring funding needs, maintaining sufficient cash reserves, and securing credit facilities with major banks[510](index=510&type=chunk) - Regarding **interest rate risk**, the company has no long-term interest-bearing debt with floating rates, so interest rate changes have no impact on net profit[512](index=512&type=chunk) - **Currency risk** primarily arises from financial assets and liabilities denominated in USD, which the company mitigates by monitoring foreign currency transaction volumes[512](index=512&type=chunk)[513](index=513&type=chunk) [Fair Value Disclosure](index=137&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) Assets measured at fair value totaled 690.47 million Yuan, consisting mainly of trading financial assets and receivables financing Fair Value of Assets and Liabilities at Period End | Item | Level 2 Fair Value Measurement (Yuan) | Level 3 Fair Value Measurement (Yuan) | Total (Yuan) | | :--- | :--- | :--- | :--- | | 1. Financial assets at FVTPL | 525,639,455.44 | | 525,639,455.44 | | Receivables financing | | 164,832,911.08 | 164,832,911.08 | | Total liabilities continuously measured at fair value | 525,639,455.44 | 164,832,911.08 | 690,472,366.52 | - The fair value of the company's trading financial assets (bank wealth management products) is measured using expected yield and term[518](index=518&type=chunk) - The fair value of the company's receivables financing (bank acceptance bills) is measured using market prices acceptable to suppliers[518](index=518&type=chunk) [Related Parties and Transactions](index=137&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in routine transactions with associates and other related parties and p

Core Viewpoint - Dongfang Electric Heating (300217.SZ) is preparing for mass production of flexible fabric pressure sensors [1] Company Summary - The company has announced its readiness to begin mass production of flexible fabric pressure sensors, indicating a strategic move towards expanding its product offerings in the sensor market [1]

Core Viewpoint - The company, Dongfang Electric Heating (300217.SZ), has announced its readiness to mass-produce flexible fabric pressure sensors [1] Group 1 - The company is preparing for mass production of a new product, indicating a potential expansion in its product line [1]

格隆汇8月22日丨东方电热(300217.SZ)于投资者互动平台表示，公司生产的半导体电加热器已得到客户 认可，正积极开拓更多的客户。 ...

Core Viewpoint - The company, Dongfang Electric Heating (300217.SZ), has successfully commercialized its automotive liquid cooling plate products, indicating a significant advancement in its product application within the market [1]. Company Summary - Dongfang Electric Heating has achieved market application for its automotive liquid cooling plate products, showcasing its capability to innovate and meet industry demands [1].

Group 1 - The company has successfully commercialized automotive liquid cooling plate products [2] - The inquiry about liquid cooling technology application in the market was addressed by the company on an investor interaction platform [2] - The company is actively engaging with investors regarding its technological advancements [2]

镇江东方电热科技股份有限公司 证券代码：300217 证券简称：东方电热 公告编号：2025-056 镇江东方电热科技股份有限公司 关于注销部分募集资金专户及募集资金理财专户的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 一、募集资金情况 经中国证券监督管理委员会出具的《关于同意镇江东方电热科技股份有限公司向特定对象 发行股票注册的批复》（证监许可〔2021〕2295 号）同意，公司向特定对象发行人民币普通股 （A 股）167,722,975 股，发行价格 3.63 元/股，募集资金总额为 608,834,399.25 元。扣除与 发行有关的费用 4,594,164.13 元，公司实际募集资金净额为 604,240,235.12 元。上述募集资 金到位情况业经天衡会计师事务所(特殊普通合伙)审验，并出具了（2021）00126 号《验资报 告》。公司已对募集资金进行了专户存储，并签署了募集资金三方监管协议。 二、募集资金专户及募集资金理财专户开立及存储情况 截至本公告披露日，募集资金专户的情况如下： 镇江东方电热科技股份有限公司 （二）募集资金理财专户开立及 ...

来源：金融界 金融界消息 截至2025年8月12日收盘，东方电热（300217）报收于5.27元，下跌0.75%，换手率2.03%， 成交量24.94万手，成交金额1.31亿元。 资金流向方面，今日主力资金净流出2727.91万元，占比成交额20.76%。其中，超大单净流出2458.63万 元、占成交额18.71%，大单净流出269.28万元、占成交额2.05%，中单净流出流入159.59万元、占成交 额1.21%，小单净流入2568.31万元、占成交额19.55%。 东方电热最新一期业绩显示，截至2025一季报，公司营业总收入6.84亿元、同比减少21.90%，归属净利 润4488.00万元，同比减少47.66%，扣非净利润3408.47万元，同比减少58.55%，流动比率2.119、速动比 率1.475、资产负债率37.05%。 天眼查商业履历信息显示，镇江东方电热科技股份有限公司，成立于2000年，位于镇江市，是一家以从 事电气机械和器材制造业为主的企业。企业注册资本147797.694万人民币，实缴资本999.85万人民币。 公司法定代表人为谭伟。 通过天眼查大数据分析，镇江东方电热科技股份有限公司共 ...