Workflow
XINTIAN TECHNOLOGY(300259)
icon
Search documents
新天科技(300259) - 关于计提资产减值准备的公告
2025-08-21 08:46
证券代码:300259 证券简称:新天科技 公告编号:2025-021 新天科技股份有限公司(以下简称"公司")于 2025 年 8 月 20 日召开了第五 届董事会第十四次会议及第五届监事会第十四次会议,审议通过了《关于计提资产 减值准备的议案》,根据《深圳证券交易所创业板股票上市规则》等相关规定,现将 具体情况公告如下: 一、本次计提资产减值准备情况概述 1、计提资产减值准备的原因 根据《企业会计准则》及公司会计政策的相关规定,基于谨慎性原则,公司对 截至 2025 年 6 月 30 日合并报表范围内的各类资产进行了充分的评估和分析,对可 能发生减值损失的资产计提了相应的减值准备。 2、计提资产减值准备的资产范围和总金额 公司及下属子公司对截至 2025 年 6 月 30 日存在可能发生减值迹象的资产(范 围包括应收款项、存货、合同履约成本、合同资产等)进行全面清查和资产减值测 试后,2025 年半年度计提各项资产减值准备共计 2,243.27 万元。详情如下表: 新天科技股份有限公司 关于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 ...
新天科技(300259) - 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
2025-08-21 08:46
新天科技股份有限公司 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 编制单位:新天科技股份有限公司 单位:元 法定代表人: 主管会计工作负责人: 会计机构负责人: | 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 | 上市公司核 算的会计科 | | 2025 年期初占 | 2025 年 1-6 月占用累计 | 2025 年 1-6 月占 用资金的 | 2025 年 月偿还累计发 | 1-6 | 2025 年 6 月 30 日占用资 | 占用形成 | 占用性 质 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 联关系 | 目 | | 用资金余额 | 发生金额 (不含利息) | 利息(如 | 生金额 | | 金余额 | 原因 | | | | | | | | | | | | 有) | | | | | | | | 控股股东、实际控制 | | | | | | | | | | | | | | | | 人及附属企业 | | ...
新天科技(300259) - 董事会关于2025年半年度募集资金存放与使用情况的专项报告
2025-08-21 08:46
新天科技股份有限公司董事会关于 2025 年半年度募集资金存放与使用情况的专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有虚假 记载、误导性陈述或重大遗漏。 新天科技股份有限公司(以下简称"公司")董事会根据中国证监会发布的《上 市公司募集资金监管规则》、《深圳证券交易所上市公司自律监管指引第2号——创 业板上市公司规范运作》和《深圳证券交易所创业板上市公司自律监管指南第2号 ——公告格式》等规定,编制了公司截至2025年06月30日的募集资金存放与使用情 况的专项报告如下: 一、募集资金基本情况 证券代码:300259 证券简称:新天科技 公告编号:2025-022 (一)实际募集资金金额、资金到位时间 经中国证券监督管理委员会"证监许可【2016】1356号"文核准,公司通过非 公开发行股票的方式向特定对象非公开发行人民币普通股(A股)70,198,181股,发 行价格为每股11.00元,募集资金总额为772,179,991.00元,扣除各项发行费用人民 币12,192,898.18元后,募集资金净额为人民币759,987,092.82元。上述募集资金已 于2016年9月20日全部 ...
新天科技(300259) - 监事会决议公告
2025-08-21 08:45
二、监事会会议审议情况 证券代码:300259 证券简称:新天科技 公告编号:2025-026 经与会监事认真审议,会议通过以下决议: 新天科技股份有限公司 第五届监事会第十四次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整,没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 新天科技股份有限公司(以下简称"公司")于 2025 年 08 月 08 日以邮件及微 信方式向全体监事发出了《关于召开第五届监事会第十四次会议的通知》;2025 年 08 月 20 日,公司第五届监事会第十四次会议在公司三楼会议室以现场表决方式召 开。 本次会议应参会监事 3 人,实际参会监事 3 人,到会监事人数符合《中华人民共和 国公司法》和《公司章程》的要求。本次会议由监事会主席李晶晶女士主持。 公司本次计提资产减值准备事项符合《企业会计准则》和公司相关会计制度的规 定,能够更加客观、真实、公允地反映公司的资产状况和经营成果。 表决结果:本议案以 3 票同意,0 票反对,0 票弃权获得通过。 三、备查文件 1、第五届监事会第十四次会议决议; 2、深圳证券交易所要求的其他文件。 1、审议通过《关 ...
新天科技(300259) - 董事会决议公告
2025-08-21 08:45
证券代码:300259 证券简称:新天科技 公告编号:2025-025 新天科技股份有限公司 第五届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 新天科技股份有限公司(以下简称"公司") 第五届董事会第十四次会议于 2025 年 08 月 08 日发出会议通知,并于 2025 年 08 月 20 日以现场结合通讯表决方式 召开。本次会议应出席董事 9 人,实际出席董事 9 人,公司监事、部分高级管理人员 列席了本次会议,会议由公司董事长王胜利先生主持。会议的召集、召开程序符合《公 司法》、《公司章程》及其他相关法律、法规的规定。 二、董事会会议审议情况 经与会董事认真审议,会议通过以下决议: 1、审议通过《关于公司 2025 年半年度报告全文及其摘要的议案》 公司董事会认为:公司 2025 年半年度报告真实、准确、完整地反映了本报告期 的财务状况和经营成果,不存在任何虚假记载、误导性陈述或者重大遗漏。 2、审议通过《关于公司 2025 年半年度募集资金存放与使用情况专项报告的议 案》 公司董事会认为:202 ...
新天科技(300259) - 2025 Q2 - 季度财报
2025-08-21 08:40
[Important Notes, Table of Contents, and Definitions](index=2&type=section&id=第一节%20重要提示、目录和释义) This section provides essential disclaimers, lists the report's contents, and defines key terms used throughout the document [Important Notes](index=2&type=section&id=重要提示) The Board of Directors, Supervisory Committee, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility - The company's Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the report content and assume legal responsibility[3](index=3&type=chunk) - Company head Wang Shengli, chief accountant Xu Wenliang, and head of accounting department Wang Xiaofang declare the financial report is true, accurate, and complete[3](index=3&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=目录) This section lists the report's eight main chapters and their starting page numbers, covering company operations, finance, governance, and significant matters - The report comprises eight main chapters, covering company operations, finance, governance, and significant matters[6](index=6&type=chunk) [List of Reference Documents](index=4&type=section&id=备查文件目录) Reference documents include signed and sealed accounting statements, original copies of all publicly disclosed company documents, and the original semi-annual report signed by the legal representative - Reference documents include signed and sealed accounting statements, original copies of publicly disclosed company documents, and the original report signed by the legal representative[9](index=9&type=chunk) [Definitions](index=5&type=section&id=释义) This section defines common terms used in the report, covering the reporting period, currency units, company names, and key technologies and industry concepts - The reporting period refers to January-June 2025, and the prior period refers to January-June 2024[11](index=11&type=chunk) - NB-IoT is a low-power wide-area network technology widely applied in remote meter reading, smart agriculture, and smart water management[11](index=11&type=chunk) - Smart water management utilizes IT systems and big data services to achieve efficient, long-term, and reliable operation of water utility assets[11](index=11&type=chunk) - AI (Artificial Intelligence) is a technical science that studies and develops theories, methods, technologies, and application systems for simulating, extending, and expanding human intelligence[12](index=12&type=chunk) [Company Profile and Key Financial Indicators](index=7&type=section&id=第二节%20公司简介和主要财务指标) This section introduces the company, its contact information, and presents key accounting data and financial indicators for the reporting period [Company Profile](index=7&type=section&id=一、公司简介) Suntront Technology Co., Ltd. (stock code: 300259) is listed on the Shenzhen Stock Exchange, with Wang Shengli as its legal representative - The company's stock abbreviation is “Suntront Technology”, stock code “300259”, listed on the Shenzhen Stock Exchange[14](index=14&type=chunk) - The company's legal representative is Wang Shengli[14](index=14&type=chunk) [Contact Person and Contact Information](index=7&type=section&id=二、联系人和联系方式) The company's Board Secretary is Yang Dongling, with contact details including address, phone, fax, and email - The Board Secretary is Yang Dongling, with the contact address at Hongsong Road 252, Zhengzhou High-tech Industrial Development Zone[15](index=15&type=chunk) - Contact phone/fax: 0371-56160968, email: xtkj@suntront.com[15](index=15&type=chunk) [Other Information](index=7&type=section&id=三、其他情况) There were no changes in the company's contact information, information disclosure, or registration during the reporting period, as detailed in the 2024 annual report - The company's registered address, office address, website, and email address remained unchanged during the reporting period[16](index=16&type=chunk) - Information disclosure and document storage locations remained unchanged during the reporting period[17](index=17&type=chunk) - The company's registration status remained unchanged during the reporting period[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=8&type=section&id=四、主要会计数据和财务指标) The company achieved significant growth in operating revenue and net profit attributable to shareholders in the first half of 2025, with total assets and net assets also steadily increasing Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (yuan) | Prior Period (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 446,897,487.83 | 359,275,275.12 | 24.39% | | Net Profit Attributable to Shareholders of the Listed Company | 78,903,344.52 | 56,991,648.27 | 38.45% | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-Recurring Gains and Losses | 56,296,775.29 | 50,586,760.84 | 11.29% | | Net Cash Flow from Operating Activities | 22,622,796.38 | 20,659,492.58 | 9.50% | | Basic Earnings Per Share (yuan/share) | 0.0694 | 0.0498 | 39.36% | | Diluted Earnings Per Share (yuan/share) | 0.0694 | 0.0498 | 39.36% | | Weighted Average Return on Net Assets | 2.66% | 1.98% | 0.68% | | **End of Current Period** | **End of Prior Year** | **Change from Prior Year-End** | | | Total Assets | 3,504,780,961.10 | 3,428,097,177.74 | 2.24% | | Net Assets Attributable to Shareholders of the Listed Company | 2,947,950,769.18 | 2,926,078,630.03 | 0.75% | [Differences in Accounting Data Under Domestic and International Accounting Standards](index=8&type=section&id=五、境内外会计准则下会计数据差异) The company reported no differences in net profit and net assets between international/overseas accounting standards and Chinese accounting standards during the reporting period - The company reported no differences in accounting data under domestic and international accounting standards during the reporting period[20](index=20&type=chunk)[21](index=21&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=六、非经常性损益项目及金额) The company's total non-recurring gains and losses for the reporting period amounted to 22.61 million yuan, primarily from fair value changes and disposal gains/losses of financial assets and liabilities Non-Recurring Gains and Losses Items and Amounts for H1 2025 | Item | Amount (yuan) | | :--- | :--- | | Non-Current Asset Disposal Gains and Losses | -16,417.32 | | Government Grants Recognized in Profit or Loss (excluding those related to normal business operations) | 704,828.90 | | Gains and Losses from Changes in Fair Value of Financial Assets and Liabilities Held by Non-Financial Enterprises (excluding hedging activities) and Disposal Gains and Losses | 25,508,966.81 | | Other Non-Operating Income and Expenses Apart from the Above | 203,406.04 | | Less: Income Tax Impact | 3,794,217.14 | | Impact on Minority Interests (after tax) | -1.94 | | **Total** | **22,606,569.23** | - The company has no other profit and loss items that meet the definition of non-recurring gains and losses, nor has it classified non-recurring gains and losses as recurring gains and losses[24](index=24&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=第三节%20管理层讨论与分析) This section analyzes the company's main business, core competencies, financial performance, investment activities, and risks during the reporting period [Main Business Activities During the Reporting Period](index=10&type=section&id=一、报告期内公司从事的主要业务) Suntront Technology is a leading provider of integrated IoT solutions for smart water, gas, heating, and agricultural water conservation, offering comprehensive hardware and software solutions [Main Business](index=10&type=section&id=(一)主要业务) Suntront Technology specializes in integrated IoT solutions for smart water, gas, heating, and agricultural water conservation, providing hardware and software solutions from smart sensing terminals to AI-powered cloud platforms - The company is a leading domestic enterprise in integrated IoT solutions for smart water, gas, heating, and agricultural water conservation[26](index=26&type=chunk) - The company provides integrated hardware and software IoT solutions, including smart sensing terminals, application management software, and big data cloud platform + AI services[26](index=26&type=chunk) - The company's products utilize technologies such as IoT, network communication, cloud computing, GIS, artificial intelligence, and digital twin, forming a significant technological advantage[26](index=26&type=chunk) [Main Products and Uses](index=10&type=section&id=(二)主要产品及用途) The company's products include IoT smart meter systems, smart industrial and commercial water meters, smart water, gas, heating, and agricultural water conservation solutions, covering the entire energy management and water resource utilization process - The company's products cover IoT smart residential meter systems, smart industrial and commercial water meters and flowmeters, smart water management, smart agricultural water conservation, and smart heating[27](index=27&type=chunk) - The Smart Water Management Integrated Platform 7.0 has fully integrated multiple AI large model application technologies, empowering the digital transformation of water utilities[43](index=43&type=chunk) - The Smart Heating Platform includes heating network monitoring, network-wide balancing, energy-saving control, customer service marketing, meter reading, and operation management, supporting low-carbon smart heating[72](index=72&type=chunk) - The Smart Agricultural Water Conservation System utilizes mobile internet, cloud computing, and wireless communication technologies to achieve intelligent scheduling, monitoring, and automated control of irrigation water[85](index=85&type=chunk) [Business Model](index=31&type=section&id=(三)经营模式) The company operates an integrated "R&D + Procurement + Production + Sales + Service" order-based production model, where revenue is recognized upon customer acceptance after product delivery - The company primarily adopts an integrated “R&D + Procurement + Production + Sales + Service” order-based production model[98](index=98&type=chunk) - Products are delivered to customers after manufacturing, and revenue is recognized upon customer acceptance[98](index=98&type=chunk) [Market Position](index=31&type=section&id=(四)市场地位) As an early high-tech enterprise in IoT smart energy solutions, the company holds a leading market position with comprehensive technical solutions, extensive product range, and national and global business coverage - The company is one of the earliest high-tech enterprises in China engaged in integrated IoT smart energy solutions, offering a comprehensive range of products[99](index=99&type=chunk) - The company is a national-level “Specialized, Refined, Unique, and Innovative” “Little Giant” enterprise and one of “China's Top 100 IoT Enterprises”[99](index=99&type=chunk)[100](index=100&type=chunk) - The company's sales cover over thirty provinces and cities nationwide, with a global business layout and high market share for its core products[100](index=100&type=chunk) [Key Performance Drivers](index=32&type=section&id=(五)主要业绩驱动因素) The company's performance is primarily driven by continuous technological innovation, high R&D investment, active application of AI large models, and supportive national policies for digital and smart development in utility sectors - The company adheres to technological innovation, maintaining a leading technological position and enhancing competitive advantages through high R&D investment and AI large model applications[101](index=101&type=chunk) - Multiple national policies guide and support the digital and smart development of water, gas, and heating industries, driving market demand growth[102](index=102&type=chunk) [Industry Development](index=32&type=section&id=(六)行业发展情况) National policies strongly promote digital transformation and smart upgrades for public utilities, leading to projected continuous growth in the smart water, agriculture, and meter markets - National policies vigorously promote digital transformation, shifting new infrastructure construction towards digitalization, networking, intelligence, and refined management[103](index=103&type=chunk) - The “National Water Network Construction Plan Outline” proposes strengthening water network digitalization and building digital twin water networks[104](index=104&type=chunk) - The “Guiding Opinions on Accelerating the Development of Water-Saving Industry” proposes that the scale of the water-saving industry will reach **one trillion yuan** by 2027[105](index=105&type=chunk) Market Size Forecast | Sector | Forecast Year | Market Size Forecast | Source | | :--- | :--- | :--- | :--- | | Smart Water Management | 2026 | **37 billion yuan** | Forward Industry Research Institute | | Smart Agriculture | 2027 | **121.4 billion yuan** | Forward Industry Research Institute | | Smart Water Meters | 2030 | Exceed **40 billion yuan** | Zhiyan Zhan Industry Research Institute | | Water-Saving Industry | 2027 | Reach **one trillion yuan** | National Development and Reform Commission, Ministry of Water Resources | | Smart Gas Meters | 2028 | **11.923 billion yuan** | Zhiyan Consulting | [Core Competitiveness Analysis](index=34&type=section&id=二、核心竞争力分析) The company has established unique competitive advantages in smart energy IoT solutions through continuous technological innovation, a comprehensive product system, strong customer resources, brand recognition, strict quality management, an experienced management team, and advanced smart manufacturing capabilities [Technology R&D Advantages](index=35&type=section&id=(一)技术研发优势) The company possesses a national-level enterprise technology center and postdoctoral research workstation, a 500-person R&D team, hundreds of patents and software copyrights, and has led or participated in developing over 50 industry standards - The company possesses a national-level enterprise technology center and postdoctoral research workstation, a **500-person R&D team**, and experienced key technical personnel[111](index=111&type=chunk) - The company has accumulated hundreds of patents and software copyrights, and has led or participated in developing over **50 national industry-related standards**[111](index=111&type=chunk) - During the reporting period, the company added **18 patent technologies** (2 invention patents, 9 utility model patents, 7 design patents) and **17 computer software copyrights**[111](index=111&type=chunk)[112](index=112&type=chunk)[114](index=114&type=chunk)[115](index=115&type=chunk) [Product Advantages](index=36&type=section&id=(二)产品优势) The company offers a complete product and service system, integrating mainstream technologies like NB-IoT and ultrasonic, and has developed an integrated smart water management platform, creating a significant competitive edge - The company provides comprehensive energy management services, including consulting, planning, hardware and software products, project management, and pipeline network health checks[116](index=116&type=chunk) - Product technologies include mainstream technologies such as NB-IoT, LoRa, ultrasonic, non-magnetic sensing, electromagnetic measurement, and photoelectric direct reading[116](index=116&type=chunk) - The company has built an integrated smart water management and control platform covering smart production, pipeline networks, marketing, operations, services, and decision-making[116](index=116&type=chunk)[117](index=117&type=chunk) [Customer Resource Advantages](index=37&type=section&id=(三)客户资源优势) With 25 years of experience in smart energy management, the company has built a strong customer service system, serving over 2,500 public utility entities nationwide and globally, including major groups like China Water Affairs - The company has cultivated the smart energy management sector for **twenty-five years**, establishing a robust customer service system[118](index=118&type=chunk) - Products are sold in over **30 provinces, municipalities, and autonomous regions** nationwide, and exported to multiple countries and regions including India and Nigeria[118](index=118&type=chunk) - The company has cumulatively provided smart energy management solutions to over **2,500 public utility entities**, serving numerous large group clients[118](index=118&type=chunk) [Brand Advantages](index=37&type=section&id=(四)品牌优势) The company has established a strong reputation and brand recognition in the smart energy industry through independent R&D, high-quality products, and comprehensive services, earning multiple brand honors - The company has significant influence in the smart energy industry, with products trusted and recognized by customers[119](index=119&type=chunk) - The company's IoT water meters, gas meters, and other series products were selected as “China Famous Brand Products”, and its trademark was recognized as a “Henan Province Famous Trademark”[119](index=119&type=chunk) [Quality Advantages](index=37&type=section&id=(五)质量优势) Guided by a philosophy of meticulous quality control, the company has established a quality management center, strictly adheres to ISO9001, and uses MES systems for full lifecycle product quality management, ensuring reliability and traceability - The company has established a quality management center, strictly controlling quality in accordance with ISO9001 quality management system standards[121](index=121&type=chunk) - The company has introduced a refined Manufacturing Execution System (MES) for full lifecycle product quality control, ensuring reliability, stability, and traceability[121](index=121&type=chunk) - The company has received multiple quality honors, including “AAA-level Quality Credit Enterprise” and “National Instrument and Meter Industry Quality Leading Enterprise”[121](index=121&type=chunk) [Management Team Advantages](index=38&type=section&id=(六)管理团队优势) The company's management team, with over two decades of experience in the smart energy sector, has established rigorous internal controls and a standardized management system, while also prioritizing talent development - The company's management team has focused on the smart energy industry for over **twenty years**, possessing rich management experience and pioneering spirit[122](index=122&type=chunk) - The company has formulated rigorous and effective internal control measures, forming a standardized management system, and emphasizes talent acquisition and development[122](index=122&type=chunk) [Smart Manufacturing Advantages](index=38&type=section&id=(七)智能制造优势) The company operates a large-scale smart factory with advanced automation and flexible production lines, integrating intelligent systems for assembly, testing, packaging, logistics, and quality traceability, significantly boosting efficiency and product quality - The company has built one of the largest smart factories in China's smart energy sector, utilizing advanced automation equipment and highly flexible production lines[123](index=123&type=chunk) - The company has invested in intelligent placement, testing, packaging, logistics, quality traceability, CRM, IPD, BPM, and other systems to achieve real-time data monitoring[123](index=123&type=chunk) - Digital factories and big data applications have significantly improved production efficiency and management levels, reduced labor costs, and ensured product quality traceability[123](index=123&type=chunk)[129](index=129&type=chunk) [Main Business Analysis](index=40&type=section&id=三、主营业务分析) In H1 2025, the company's operating revenue increased by 24.39%, with operating costs rising by 33.77%, while financial expenses grew by 59.04% due to reduced interest income, and R&D investment decreased by 24.35% Year-on-Year Changes in Key Financial Data | Indicator | Current Period (yuan) | Prior Period (yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 446,897,487.83 | 359,275,275.12 | 24.39% | | | Operating Cost | 261,920,111.82 | 195,797,979.49 | 33.77% | Operating revenue increase led to corresponding operating cost increase | | Selling Expenses | 50,828,521.45 | 46,563,926.04 | 9.16% | | | Administrative Expenses | 22,670,265.62 | 26,231,681.54 | -13.58% | | | Financial Expenses | -3,541,352.53 | -8,645,276.18 | 59.04% | Interest income decreased compared to the prior period | | Income Tax Expense | 13,176,841.79 | 14,578,772.58 | -9.62% | | | R&D Investment | 31,800,775.68 | 42,036,059.15 | -24.35% | | | Net Cash Flow from Operating Activities | 22,622,796.38 | 20,659,492.58 | 9.50% | | | Net Cash Flow from Investing Activities | -53,916,515.29 | 29,066,703.78 | -285.49% | Increased purchase of wealth management products compared to the prior period | | Net Cash Flow from Financing Activities | -35,860,834.10 | -133,639,631.12 | 73.17% | Share repurchase in the prior period | | Net Increase in Cash and Cash Equivalents | -67,768,206.89 | -83,464,933.76 | 18.81% | | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Smart Residential Water Meters and Systems | 183,698,485.92 | 107,952,380.81 | 41.23% | 16.53% | 9.31% | 3.88% | | Smart Industrial and Commercial Water Meters and Flowmeters | 104,605,536.74 | 46,404,133.74 | 55.64% | -6.60% | 14.75% | -8.25% | | Smart Gas Meters and Systems | 102,560,261.44 | 81,837,523.92 | 20.21% | 106.86% | 124.50% | -6.26% | Operating Revenue by Region | Region | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Northeast | 62,595,690.70 | 46,900,070.28 | 25.07% | 703.60% | 1,270.74% | -31.00% | | North China | 71,812,381.32 | 44,680,952.47 | 37.78% | 53.22% | 81.35% | -9.65% | | East China | 126,440,566.50 | 73,421,463.02 | 41.93% | -1.40% | -0.25% | -0.67% | | Central China | 72,601,205.63 | 37,334,470.80 | 48.58% | 25.07% | 3.45% | 10.75% | [Non-Core Business Analysis](index=41&type=section&id=四、非主营业务分析) Non-core business activities impacted total profit, with investment income accounting for 20.06% and fair value change gains/losses for 5.73%, both lacking sustainability Impact of Non-Core Business on Total Profit | Item | Amount (yuan) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 18,469,298.12 | 20.06% | Mainly income from financial assets held for trading in the current period | No | | Gains and Losses from Changes in Fair Value | 5,275,751.13 | 5.73% | Mainly fair value changes of financial assets held for trading at the end of the current period | No | | Asset Impairment | -5,566,156.10 | -6.05% | Mainly inventory impairment provisions made in the current period | Yes | | Non-Operating Income | 324,545.69 | 0.35% | Mainly compensation received in the current period | No | | Non-Operating Expenses | 248,477.34 | 0.27% | Mainly asset disposal losses in the current period | No | [Analysis of Assets and Liabilities](index=42&type=section&id=五、资产及负债状况分析) At the end of the reporting period, the company's total assets and net assets attributable to shareholders increased, with significant changes in financial assets held for trading, construction in progress, and contract liabilities Significant Changes in Asset Composition | Item | Amount at End of Current Period (yuan) | Proportion of Total Assets | Amount at End of Prior Year (yuan) | Proportion of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 501,975,776.71 | 14.32% | 570,212,216.20 | 16.63% | -2.31% | | Accounts Receivable | 551,289,532.16 | 15.73% | 509,308,500.25 | 14.86% | 0.87% | | Contract Assets | 31,448,776.03 | 0.90% | 22,023,273.52 | 0.64% | 0.26% | | Inventories | 332,880,435.80 | 9.50% | 301,465,029.15 | 8.79% | 0.71% | | Construction in Progress | 390,940,096.19 | 11.15% | 346,312,614.65 | 10.10% | 1.05% | | Contract Liabilities | 46,206,084.42 | 1.32% | 29,321,958.82 | 0.86% | 0.46% | | Financial Assets Held for Trading | 891,696,745.93 | 25.44% | 790,394,549.95 | 23.06% | 2.38% | | Other Non-Current Assets | 25,069,930.10 | 0.72% | 104,135,400.21 | 3.04% | -2.32% | - The company's main asset measurement attributes did not undergo significant changes during the reporting period[142](index=142&type=chunk) [Investment Analysis](index=43&type=section&id=六、投资状况分析) The company had no significant equity or non-equity investments during the reporting period, with financial assets measured at fair value totaling 891.70 million yuan, primarily comprising stocks and wealth management products [Financial Assets Measured at Fair Value](index=43&type=section&id=4、以公允价值计量的金融资产) At the end of the period, the company's financial assets measured at fair value totaled 891.70 million yuan, mainly consisting of stocks and other wealth management products, funded by both proprietary and raised capital Financial Assets Measured at Fair Value | Asset Category | Amount at Period-End (yuan) | Source of Funds | | :--- | :--- | :--- | | Stocks | 213,883,614.55 | Proprietary funds | | Other (Wealth Management Products) | 607,513,078.98 | Proprietary funds | | Other (Wealth Management Products) | 70,300,052.40 | Raised funds | | **Total** | **891,696,745.93** | | [Use of Raised Funds](index=44&type=section&id=5、募集资金使用情况) As of June 30, 2025, the company had an unused balance of 141.39 million yuan in raised funds, with 70 million yuan allocated to wealth management products and the remaining in dedicated accounts, and the completion date for fundraising projects adjusted to October 31, 2025 - As of **June 30, 2025**, the unused balance of raised funds was **141.3946 million yuan**[148](index=148&type=chunk) - Of this, **70 million yuan** was used to purchase wealth management products, and **71.3944 million yuan** was held in dedicated raised funds accounts[148](index=148&type=chunk) - The expected ready-for-use date for the fundraising projects (Smart Water Cloud Service Platform, etc.) has been adjusted to **October 31, 2025**[149](index=149&type=chunk)[153](index=153&type=chunk) [Wealth Management, Derivative Investments, and Entrusted Loans](index=47&type=section&id=6、委托理财、衍生品投资和委托贷款情况) During the reporting period, the company engaged in wealth management totaling 611.02 million yuan, with an outstanding balance of 603.02 million yuan at period-end, and no overdue amounts or derivative/entrusted loan investments Overview of Wealth Management During the Reporting Period | Specific Type | Source of Wealth Management Funds | Amount of Wealth Management Transactions (10,000 yuan) | Outstanding Balance (10,000 yuan) | Overdue Unrecovered Amount (10,000 yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Raised funds | 4,000 | 4,000 | 0 | | Bank Wealth Management Products | Proprietary funds | 20,000 | 20,200 | 0 | | Brokerage Wealth Management Products | Raised funds | 3,000 | 3,000 | 0 | | Brokerage Wealth Management Products | Proprietary funds | 34,101.58 | 33,101.58 | 0 | | **Total** | | **61,101.58** | **60,301.58** | **0** | - The company had no derivative investments or entrusted loans during the reporting period[158](index=158&type=chunk)[159](index=159&type=chunk) [Significant Asset and Equity Disposals](index=49&type=section&id=七、重大资产和股权出售) 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[160](index=160&type=chunk) - The company did not dispose of any significant equity during the reporting period[161](index=161&type=chunk) [Analysis of Major Holding and Participating Companies](index=49&type=section&id=八、主要控股参股公司分析) Shanghai Kent Instrument Co., Ltd., a major subsidiary, achieved operating revenue of 107.63 million yuan and net profit of 19.52 million yuan during the reporting period, with no acquisitions or disposals of subsidiaries Financial Performance of Major Subsidiary Shanghai Kent Instrument Co., Ltd. | Indicator | Amount (yuan) | | :--- | :--- | | Total Assets | 714,720,604.11 | | Net Assets | 598,865,696.22 | | Operating Revenue | 107,628,204.01 | | Operating Profit | 21,848,161.98 | | Net Profit | 19,516,037.71 | - The company did not acquire or dispose of any subsidiaries during the reporting period[162](index=162&type=chunk) [Structured Entities Controlled by the Company](index=49&type=section&id=九、公司控制的结构化主体情况) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[163](index=163&type=chunk) [Risks Faced by the Company and Countermeasures](index=50&type=section&id=十、公司面临的风险和应对措施) The company faces risks including unachieved fundraising project returns, goodwill impairment, declining gross margins, raw material price fluctuations, investment risks, R&D risks, and management risks, with corresponding mitigation strategies in place - The company faces the risk that fundraising projects may not achieve expected returns, with countermeasures including technological innovation, strengthening human resource development, and exploring new markets[164](index=164&type=chunk) - The company faces goodwill impairment risk, with countermeasures including closely monitoring the development of target enterprises, strengthening business synergy, and financial control[165](index=165&type=chunk) - The company faces the risk of declining gross margins, with countermeasures including continuously improving product R&D technology, strengthening brand building, enhancing marketing capabilities, and cost control[166](index=166&type=chunk) - The company faces raw material price fluctuation risk, with countermeasures including increasing R&D investment, enhancing product added value, closely monitoring price trends, and diversifying procurement channels[167](index=167&type=chunk) - The company faces technology development and product R&D risks, with countermeasures including adhering to independent innovation, optimizing R&D processes, attracting and cultivating talent, and optimizing R&D and market feedback mechanisms[169](index=169&type=chunk) - The company faces management risks, with countermeasures including strengthening the selection, appointment, and training of management personnel, improving scientific decision-making mechanisms, and optimizing business processes[170](index=170&type=chunk)[171](index=171&type=chunk) [Registration Form for Investor Relations Activities During the Reporting Period](index=52&type=section&id=十一、报告期内接待调研、沟通、采访等活动登记表) During the reporting period, the company conducted three investor relations activities, including on-site surveys and online exchanges, discussing industry trends, future plans, performance drivers, and equity distribution - On **January 15, 2025**, the company hosted an on-site survey by Caitong Securities researchers, discussing industry development, future plans, and performance growth drivers[172](index=172&type=chunk) - On **April 29 and May 22, 2025**, the company engaged in online exchanges via network platforms, participating in the 2024 annual online performance briefing and collective reception day activities to communicate with investors[172](index=172&type=chunk) [Implementation of Market Value Management System and Valuation Enhancement Plan](index=52&type=section&id=十二、市值管理制度和估值提升计划的制定落实情况) The company did not disclose any market value management system or valuation enhancement plan during the reporting period - The company did not formulate a market value management system during the reporting period[173](index=173&type=chunk) - The company did not disclose a valuation enhancement plan during the reporting period[173](index=173&type=chunk) [Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=52&type=section&id=十三、“质量回报双提升”行动方案贯彻落实情况) The company did not disclose any announcement regarding the "Dual Improvement in Quality and Returns" action plan during the reporting period - The company did not disclose an announcement regarding the “Dual Improvement in Quality and Returns” action plan during the reporting period[173](index=173&type=chunk) [Corporate Governance, Environment, and Society](index=53&type=section&id=第四节%20公司治理、环境和社会) This section details changes in the company's governance, profit distribution, employee incentives, environmental disclosures, and social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=53&type=section&id=一、公司董事、监事、高级管理人员变动情况) There were no changes in the company's directors, supervisors, or senior management during the reporting period, as detailed in the 2024 annual report - There were no changes in the company's directors, supervisors, or senior management during the reporting period[175](index=175&type=chunk) [Profit Distribution and Capital Reserve Conversion to Share Capital for the Current Period](index=53&type=section&id=二、本报告期利润分配及资本公积金转增股本情况) 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[176](index=176&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=53&type=section&id=三、公司股权激励计划、员工持股计划或其他员工激励措施的实施情况) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place or implemented during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures or their implementation during the reporting period[177](index=177&type=chunk) [Environmental Information Disclosure](index=53&type=section&id=四、环境信息披露情况) The listed 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[178](index=178&type=chunk) [Social Responsibility](index=53&type=section&id=五、社会责任情况) The company actively fulfills its social responsibilities by protecting the rights of investors, employees, suppliers, and customers, and by promoting environmental protection and sustainable development [Investor Rights Protection](index=53&type=section&id=(一)投资者权益保护) The company prioritizes investor relations management, maintaining close communication through diverse channels such as hotlines, interactive platforms, on-site surveys, and performance briefings - The company protects investor rights through diversified communication mechanisms (hotlines, interactive platforms, surveys, performance briefings)[179](index=179&type=chunk) [Employee Rights Protection](index=53&type=section&id=(二)员工权益保护) The company strictly adheres to labor laws, provides fair opportunities for work, learning, growth, and promotion through scientific assessment and incentive systems, and prioritizes occupational health and safety management - The company strictly complies with the “Labor Law” and provides fair opportunities through assessment and incentive systems[180](index=180&type=chunk) - The company highly values occupational health and safety management, conducting regular safety education for employees annually[180](index=180&type=chunk) [Supplier and Customer Rights Protection](index=53&type=section&id=(三)供应商、客户权益保护) The company builds strategic partnerships with suppliers and customers based on honesty, fairness, and mutual benefit, ensuring product quality through a comprehensive management system from procurement to after-sales service - The company adheres to principles of honesty, fairness, equality, and mutual benefit, building strategic partnerships with suppliers and customers[182](index=182&type=chunk) - The company strictly controls product quality, establishing a comprehensive quality management system from procurement and production to after-sales service[182](index=182&type=chunk) - A national after-sales service hotline is established to receive inquiries, feedback, and complaints 24 hours a day, ensuring timely resolution of customer issues[182](index=182&type=chunk) [Environmental Protection and Sustainable Development](index=54&type=section&id=(四)环境保护和可持续发展) The company is committed to environmental protection and sustainable development, implementing an ISO14001 environmental management system, pursuing green manufacturing and products, and leveraging digital technologies for green supply chain upgrades - The company is committed to source reduction, energy saving, emission reduction, safety, and environmental protection, continuously advancing environmental protection efforts[183](index=183&type=chunk) - An environmental management system compliant with ISO14001 standards has been established, and the “Quality, Environment, Occupational Health and Safety Management Manual” has been formulated[183](index=183&type=chunk) - By empowering with digital and intelligent technologies, the company actively drives green collaborative upgrades across the industry and supply chains[183](index=183&type=chunk) [Significant Matters](index=55&type=section&id=第五节%20重要事项) This section covers the company's commitments, related party transactions, litigation, penalties, and other significant events during the reporting period [Commitments](index=55&type=section&id=一、公司实际控制人、股东、关联方、收购人以及公司等承诺相关方在报告期内履行完毕及截至报告期末超期未履行完毕的承诺事项) During the reporting period, there were no commitments by the company's actual controllers, shareholders, related parties, acquirers, or the company itself that were either fulfilled or overdue - The company had no unfulfilled or overdue commitments from its actual controllers, shareholders, related parties, acquirers, or the company itself during the reporting period[185](index=185&type=chunk) [Non-Operating Funds Occupied by Controlling Shareholder and Other Related Parties](index=55&type=section&id=二、控股股东及其他关联方对上市公司的非经营性占用资金情况) During the reporting period, there were no instances of non-operating funds being occupied by the controlling shareholder or other related parties of the listed company - The company had no instances of non-operating funds being occupied by the controlling shareholder or other related parties during the reporting period[186](index=186&type=chunk) [Irregular External Guarantees](index=55&type=section&id=三、违规对外担保情况) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[187](index=187&type=chunk) [Appointment and Dismissal of Accounting Firms](index=55&type=section&id=四、聘任、解聘会计师事务所情况) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[188](index=188&type=chunk) [Explanation of "Non-Standard Audit Report"](index=55&type=section&id=五、董事会、监事会、审计委员会对会计师事务所本报告期“非标准审计报告”的说明) The company did not receive a "non-standard audit report" from its accounting firm during the reporting period - The company did not receive a “non-standard audit report” from its accounting firm during the reporting period[189](index=189&type=chunk) [Explanation of "Non-Standard Audit Report" from Prior Year](index=55&type=section&id=六、董事会对上年度“非标准审计报告”相关情况的说明) The Board of Directors provided no explanation regarding a "non-standard audit report" from the prior year during the reporting period - The company's Board of Directors provided no explanation regarding a “non-standard audit report” from the prior year during the reporting period[189](index=189&type=chunk) [Bankruptcy and Reorganization Matters](index=55&type=section&id=七、破产重整相关事项) The company had no bankruptcy or reorganization matters during the reporting period - The company had no bankruptcy or reorganization matters during the reporting period[189](index=189&type=chunk) [Litigation Matters](index=55&type=section&id=八、诉讼事项) The company had no significant litigation or arbitration matters during the reporting period, and other minor cases totaling 14.33 million yuan are not expected to materially impact its financial condition or operations - The company had no significant litigation or arbitration matters during the reporting period[190](index=190&type=chunk) - Other litigation and arbitration cases involved a total amount of **14.3329 million yuan**, with the company as plaintiff in cases totaling **13.9996 million yuan** and as defendant in cases totaling **0.3333 million yuan**[191](index=191&type=chunk) - These litigation and arbitration matters are not expected to have a material adverse impact on the company's financial condition or ongoing operations[191](index=191&type=chunk) [Penalties and Rectification](index=56&type=section&id=九、处罚及整改情况) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[192](index=192&type=chunk) [Significant Related Party Transactions](index=56&type=section&id=十、重大关联交易) The company had no significant related party transactions during the reporting period, including those related to daily operations, asset/equity acquisitions or disposals, joint external investments, or related party creditor-debtor relationships - The company had no related party transactions related to daily operations during the reporting period[193](index=193&type=chunk) - The company had no related party transactions involving asset or equity acquisitions or disposals during the reporting period[194](index=194&type=chunk) - The company had no related party creditor-debtor relationships during the reporting period[196](index=196&type=chunk) - The company had no other significant related party transactions during the reporting period[199](index=199&type=chunk) [Significant Contracts and Their Performance](index=57&type=section&id=十二、重大合同及其履行情况) The company had no significant entrustment or contracting arrangements, but leased out idle properties to improve asset utilization, with no major leasing projects generating over 10% of total profit, and no significant guarantees or other major contracts - The company had no entrustment or contracting arrangements during the reporting period[200](index=200&type=chunk)[201](index=201&type=chunk) - The company leased out some idle properties to improve asset utilization, but had no significant leasing projects[202](index=202&type=chunk) - The company had no significant guarantee situations during the reporting period[203](index=203&type=chunk) - The company had no other significant contracts during the reporting period[206](index=206&type=chunk) [Explanation of Other Significant Matters](index=58&type=section&id=十三、其他重大事项的说明) The company had no other significant matters requiring explanation during the reporting period - The company had no other significant matters requiring explanation during the reporting period[207](index=207&type=chunk) [Significant Matters of Company Subsidiaries](index=58&type=section&id=十四、公司子公司重大事项) The company's subsidiaries had no significant matters during the reporting period - The company's subsidiaries had no significant matters during the reporting period[208](index=208&type=chunk) [Share Changes and Shareholder Information](index=59&type=section&id=第六节%20股份变动及股东情况) This section details the company's share capital structure, shareholder information, and any changes in directors', supervisors', or senior management's shareholdings [Share Change Information](index=59&type=section&id=一、股份变动情况) The company's total share capital and share structure remained unchanged during the reporting period, with no changes in restricted or unrestricted shares Share Change Information | Share Type | Number Before Change (shares) | Proportion Before Change | Increase/Decrease in Current Change (shares) | Number After Change (shares) | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 268,285 | 0.02% | 0 | 268,285 | 0.02% | | Of which: Shares held by domestic natural persons | 268,285 | 0.02% | 0 | 268,285 | 0.02% | | II. Unrestricted Shares | 1,169,533,231 | 99.98% | 0 | 1,169,533,231 | 99.98% | | Of which: RMB ordinary shares | 1,169,533,231 | 99.98% | 0 | 1,169,533,231 | 99.98% | | **III. Total Shares** | **1,169,801,516** | **100.00%** | **0** | **1,169,801,516** | **100.00%** | - During the reporting period, the company's total share capital and share structure remained unchanged[212](index=212&type=chunk) [Securities Issuance and Listing](index=60&type=section&id=二、证券发行与上市情况) The company had no securities issuance or listing activities during the reporting period - The company had no securities issuance or listing activities during the reporting period[212](index=212&type=chunk) [Number of Shareholders and Shareholding Information](index=60&type=section&id=三、公司股东数量及持股情况) At the end of the reporting period, the company had 28,940 common shareholders, with Fei Zhanbo and Fei Zhanjun, brothers and controlling shareholders, holding 35.86% and 8.56% respectively - At the end of the reporting period, the total number of common shareholders was **28,940**[213](index=213&type=chunk) Shareholding Information of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held at Period-End (shares) | Number of Unrestricted Shares Held (shares) | Pledge, Mark, or Freeze Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Fei Zhanbo | Domestic natural person | 35.86% | 419,461,659.00 | 419,461,659.00 | Pledged 100,000,000 | | Fei Zhanjun | Domestic natural person | 8.56% | 100,085,495.00 | 100,085,495.00 | N/A 0 | | Wang Jun | Domestic natural person | 4.59% | 53,698,219.00 | 53,698,219.00 | N/A 0 | - Fei Zhanbo and Fei Zhanjun are brothers, serving as the company's controlling shareholders, actual controllers, and parties acting in concert[214](index=214&type=chunk) - The company's dedicated share repurchase securities account holds **33,123,175 shares**, representing a **2.83%** shareholding proportion[214](index=214&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=62&type=section&id=四、董事、监事和高级管理人员持股变动) There were no changes in the shareholdings of the company's directors, supervisors, or senior management during the reporting period, as detailed in the 2024 annual report - There were no changes in the shareholdings of the company's directors, supervisors, or senior management during the reporting period[216](index=216&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=62&type=section&id=五、控股股东或实际控制人变更情况) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[217](index=217&type=chunk) - The company's actual controller remained unchanged during the reporting period[217](index=217&type=chunk) [Preferred Share Information](index=62&type=section&id=六、优先股相关情况) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[218](index=218&type=chunk) [Bond-Related Information](index=63&type=section&id=第七节%20债券相关情况) This section confirms that the company had no bond-related matters during the reporting period [Bond-Related Information](index=63&type=section&id=债券相关情况) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[220](index=220&type=chunk) [Financial Report](index=64&type=section&id=第八节%20财务报告) This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in equity, along with notes on accounting policies and financial risks [Audit Report](index=64&type=section&id=一、审计报告) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[222](index=222&type=chunk) [Financial Statements](index=64&type=section&id=二、财务报表) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for H1 2025, offering a comprehensive view of its financial position, operating results, and cash flows - The consolidated balance sheet shows total assets of **3,504,780,961.10 yuan** at period-end, with total current assets of **2,440,979,097.36 yuan**[224](index=224&type=chunk) - The consolidated income statement shows total operating revenue of **446,897,487.83 yuan** and net profit attributable to parent company shareholders of **78,903,344.52 yuan** for H1 2025[232](index=232&type=chunk)[233](index=233&type=chunk) - The consolidated cash flow statement shows net cash flow from operating activities of **22,622,796.38 yuan** and net cash flow from investing activities of **-53,916,515.29 yuan**[237](index=237&type=chunk) [Company Overview](index=82&type=section&id=三、公司基本情况) Suntront Technology Co., Ltd., established on November 2, 2000, with a registered capital of 1,169,801,516 yuan, is headquartered in Zhengzhou and specializes in R&D, production, and sales of IoT smart meters and smart utility solutions - The company's predecessor was Henan Suntront Technology Co., Ltd., established on **November 2, 2000**[253](index=253&type=chunk) - The company's registered capital was ultimately changed to **1,169,801,516 yuan**[264](index=264&type=chunk) - The company primarily engages in the R&D, production, and sales of IoT smart water meters, gas meters, heat meters, industrial and commercial smart electromagnetic flowmeters, smart water management, and smart agricultural water conservation products[265](index=265&type=chunk) - These financial statements were approved for issuance by the company's Board of Directors on **August 20, 2025**[265](index=265&type=chunk) [Basis of Financial Statement Preparation](index=85&type=section&id=四、财务报表的编制基础) These financial statements are prepared in accordance with accounting standards issued by the Ministry of Finance and relevant disclosure regulations of the China Securities Regulatory Commission, on a going concern basis, with no identified issues affecting the ability to continue as a going concern for the next 12 months - These financial statements are prepared in accordance with the Enterprise Accounting Standards issued by the Ministry of Finance and relevant disclosure regulations of the China Securities Regulatory Commission[267](index=267&type=chunk) - The company prepares its financial statements on a going concern basis, and no matters affecting its ability to continue as a going concern have been identified[268](index=268&type=chunk) [Significant Accounting Policies and Estimates](index=85&type=section&id=五、重要会计政策及会计估计) This section details the company's significant accounting policies and estimates, including business combinations, consolidated financial statements, financial instrument classification and measurement, receivables, inventories, fixed assets, intangible assets, revenue recognition, government grants, and deferred income tax, ensuring the truthfulness and accuracy of financial reporting - The financial statements prepared by the company comply with Enterprise Accounting Standards, truthfully and completely reflecting its financial position, operating results, and cash flows[270](index=270&type=chunk) - The company adopts an annual accounting period, with a 12-month operating cycle, and its functional currency is RMB[271](index=271&type=chunk)[272](index=272&type=chunk)[273](index=273&type=chunk) - Financial assets are classified into three categories based on business model and contractual cash flow characteristics: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[298](index=298&type=chunk) - Revenue is recognized when the customer obtains control of the related goods, and is recognized based on the progress of performance or the point of transfer of control[360](index=360&type=chunk)[362](index=362&type=chunk) [Taxation](index=116&type=section&id=六、税项) This section discloses the company's main tax categories and rates, including VAT, urban maintenance and construction tax, corporate income tax, education surcharge, and local education surcharge, along with various tax incentives for high-tech enterprises and small and micro-enterprises Main Tax Categories and Rates | Tax Category | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Sale of goods or provision of taxable services | 3%, 5%, 6%, 9%, 13% | | Urban Maintenance and Construction Tax | Actual amount of turnover tax paid | 7%, 5% | | Corporate Income Tax | Taxable income | 15%, 16.5%, 20%, 25% | | Education Surcharge | Actual amount of turnover tax paid | 3% | | Local Education Surcharge | Actual amount of turnover tax paid | 2% | - Suntront Technology and Shanghai Kent, as high-tech enterprises, are subject to a **15%** corporate income tax rate[386](index=386&type=chunk) - The company and Shanghai Kent are eligible for a **100%** super deduction for R&D expenses before tax[387](index=387&type=chunk) - Some subsidiaries are eligible for preferential corporate income tax policies for small and micro-enterprises, where the portion of annual taxable income not exceeding **1 million yuan** is reduced by **25%** and taxed at a **20%** rate[387](index=387&type=chunk)[388](index=388&type=chunk) [Notes to Consolidated Financial Statement Items](index=117&type=section&id=七、合并财务报表项目注释) This section provides detailed disclosures on the period-end balances, beginning balances, and current period changes for each consolidated financial statement item, highlighting growth in revenue and net profit, shifts in asset composition, and identified risks with corresponding countermeasures Overview of Major Consolidated Financial Data Changes | Item | Period-End Balance (yuan) | Beginning Balance (yuan) | Change | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 501,975,776.71 | 570,212,216.20 | Decrease | | Financial Assets Held for Trading | 891,696,745.93 | 790,394,549.95 | Increase | | Accounts Receivable | 551,289,532.16 | 509,308,500.25 | Increase | | Inventories | 332,880,435.80 | 301,465,029.15 | Increase | | Construction in Progress | 390,940,096.19 | 346,312,614.65 | Increase | | Contract Liabilities | 46,206,084.42 | 29,321,958.82 | Increase | | Operating Revenue | 446,897,487.83 | 359,275,275.12 | Increase | | Net Profit | 78,899,851.39 | 56,972,713.68 | Increase | | R&D Expenses | 31,800,775.68 | 42,036,059.15 | Decrease | - At the end of the reporting period, the total assets with restricted ownership or use rights amounted to **63,895,581.73 yuan**, primarily including cash and cash equivalents, fixed assets, and intangible assets[512](index=512&type=chunk) - Asset impairment provisions of **22,432,651.89 yuan** were recognized in the current period, mainly comprising inventory write-downs, impairment losses on contract performance costs, and impairment losses on contract assets[572](index=572&type=chunk)[585](index=585&type=chunk) [R&D Expenses](index=160&type=section&id=八、研发支出) The company's total R&D expenses for H1 2025 amounted to 31.80 million yuan, a 24.35% year-on-year decrease, all of which were expensed, with employee compensation and material costs being the main expenditure items Composition of R&D Expenses | Item | Amount Incurred in Current Period (yuan) | Amount Incurred in Prior Period (yuan) | | :--- | :--- | :--- | | Employee Compensation | 27,977,608.61 | 32,513,698.81 | | Material Costs | 1,772,517.06 | 6,264,595.02 | | Testing Fees | 588,258.53 | 706,618.36 | | Depreciation Expenses | 487,848.31 | 1,125,436.87 | | **Total** | **31,800,775.68** | **42,036,059.15** | - All R&D expenses for the current period were expensed and not capitalized[591](index=591&type=chunk) [Changes in Consolidation Scope](index=161&type=section&id=九、合并范围的变更) During the reporting period, the company did not lose control over any subsidiaries through transactions, but the consolidation scope changed due to the deregistration of Hangzhou Xintian High Technology Co., Ltd. in June 2025 - During the reporting period, the company did not experience any transactions or events resulting in the loss of control over subsidiaries[592](index=592&type=chunk) - In **June 2025**, the company deregistered its subsidiary, Hangzhou Xintian High Technology Co., Ltd[592](index=592&type=chunk) [Interests in Other Entities](index=161&type=section&id=十、在其他主体中的权益) This section discloses the company's interests in subsidiaries, joint ventures, and associates, including 12 subsidiaries like Beijing Digital Base Heng and Henan Suntront IoT, with Shanghai Kent Instrument Co., Ltd. being a significant non-wholly-owned subsidiary - The company owns Beijing Digital Base Heng, Henan Suntront IoT, and **10 other subsidiaries**, with most shareholding percentages at **100%**[594](index=594&type=chunk)[595](index=595&type=chunk) - Shanghai Kent Instrument Co., Ltd. is a significant non-wholly-owned subsidiary, with a minority shareholder stake of **0.0001%** and profit/loss attributable to minority shareholders of **639.00 yuan** for the current period[597](index=597&type=chunk) - The total carrying value of the company's investments in joint ventures and associates is **12,317,609.37 yuan** and **86,376,304.83 yuan**, respectively[601](index=601&type=chunk) [Government Grants](index=164&type=section&id=十一、政府补助) At the end of the reporting period, the company had no government grants recognized as receivables, but deferred income of 19.80 million yuan related to assets, with 12.35 million yuan in other income recognized as government grants in the current period - Government grants recognized as receivables at the end of the reporting period were **0**[602](index=602&type=chunk) - The liability item related to government grants is deferred income of **19,800,000.00 yuan**, which is asset-related[603](index=603&type=chunk) - Government grants recognized in profit or loss for the current period primarily consisted of other income totaling **12,352,260.38 yuan**[605](index=605&type=chunk) [Risks Related to Financial Instruments](index=164&type=section&id=十二、与金融工具相关的风险) The company's financial instruments include cash, receivables, investments, and payables, exposing it to market risks (foreign exchange, interest rate, other price risks), credit risk, and liquidity risk, which are managed through various monitoring and control measures - The company's main financial instruments include cash and cash equivalents, notes receivable, accounts receivable, financing for receivables, equity investments, borrowings, and accounts payable[605](index=605&type=chunk) - The company faces foreign exchange risk (primarily related to USD and HKD), interest rate risk (floating-rate bank borrowings), and other price risks (equity instrument investments and financial assets held for trading)[606](index=606&type=chunk) - The company faces credit risk, primarily from credit sales of accounts receivable and contract assets, and has established an accounts receivable management system for tracking and monitoring[607](index=607&type=chunk) - The company has sufficient funds and no liquidity risk, managed by maintaining adequate cash and cash equivalents[608](index=608&type=chunk) [Fair Value Disclosures](index=166&type=section&id=十三、公允价值的披露) At period-end, the company's assets measured at fair value totaled 926.81 million yuan, primarily comprising financial assets held for trading, other debt investments, and other equity instrument investments, with various valuation techniques applied across different fair value levels Fair Value of Assets Measured at Fair Value at Period-End | Item | Level 1 Fair Value Measurement (yuan) | Level 3 Fair Value Measurement (yuan) | Total (yuan) | | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 213,883,614.55 | 677,813,131.38 | 891,696,745.93 | | Other Debt Investments | | 4,335,708.73 | 4,335,708.73 | | Other Equity Instrument Investments | | 30,775,393.89 | 30,775,393.89 | | **Total Assets Measured at Fair Value on a Recurring Basis** | **213,883,614.55** | **712,924,234.00** | **926,807,848.55** | - Fair value for equity instrument investments like stocks is determined by the closing price at year-end (Level 1)[611](index=611&type=chunk) - Fair value for non-principal-guaranteed income certificates and private placement asset management products issued by securities firms is recognized based on the securities firm's valuation (Level 2)[612](index=612&type=chunk) - Principal-guaranteed wealth management products use “principal + accumulated accrued interest calculated at the expected minimum annualized return rate” as fair value (Level 3)[613](index=613&type=chunk) [Related Parties and Related Party Transactions](index=167&type=section&id=十四、关联方及关联交易) The company's ultimate controlling parties are brothers Fei Zhanbo and Fei Zhanjun. This section discloses the company's subsidiaries, joint ventures, associates, and other related parties, including transactions for goods, services, and leases, as well as key management personnel compensation and related party receivables/payables - The company's ultimate controlling parties are brothers Fei Zhanbo and Fei Zhanjun[615](index=615&type=
新天科技: 2024年年度权益分派实施公告
Zheng Quan Zhi Xing· 2025-06-23 11:07
Group 1 - The company approved a profit distribution plan for the fiscal year ending December 31, 2024, which includes a cash dividend of 0.5 RMB per 10 shares, totaling 56,833,917.05 RMB (including tax) [1][2] - The total number of shares eligible for the dividend is 1,136,678,341 shares after deducting repurchased shares [1][2] - The dividend distribution will not include stock dividends or capital reserve transfers to increase share capital [1] Group 2 - The equity registration date for the dividend distribution is set for June 30, 2025, and the ex-dividend date is July 1, 2025 [2] - The distribution applies to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of the registration date [2] - The actual cash dividend amount is calculated based on the number of shares participating in the distribution multiplied by the distribution ratio [2][3] Group 3 - The adjusted cash dividend per 10 shares, based on the total share capital, is approximately 0.485842 RMB [2] - The ex-dividend price will be adjusted based on the previous day's closing price minus the dividend amount per share [3]
新天科技(300259) - 2024年年度权益分派实施公告
2025-06-23 11:00
证券代码:300259 证券简称:新天科技 公告编号:2025-020 新天科技股份有限公司 2024 年年度权益分派实施公告 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、股东会审议通过利润分配方案情况 1、新天科技股份有限公司(以下简称"公司")2024 年年度利润分配方案已经 2025 年 5 月 9 日召开的 2024 年年度股东会审议通过。公司股东会审议通过的 2024 年年度利润分配方案为:以公司 2024 年 12 月 31 日总股本 1,169,801,516 股扣除公 司回购股份 33,123,175 股后的股份总数 1,136,678,341 股为基数,向全体股东每 10 股派发现金股利 0.5 元人民币(含税),共派发现金红利人民币 56,833,917.05 元(含 税);本次利润分配不送红股,不以资本公积转增股本。在本利润分配预案经公司董 事会审议通过之日至公司权益分派实施日期间,若公司总股本发生变化,公司将按 照"分配比例不变"的原则,对分红总金额进行调整。 2、自利润分配方案披露至实施期间公司股本总额未发生变化。 3、本次实 ...
新天科技(300259) - 300259新天科技业绩说明会、路演活动信息20250522
2025-05-22 09:50
Group 1: Company Performance and Financial Management - The company has not yet established a market value management system but has a dedicated investor relations department to maintain effective communication with investors [1] - The company has implemented share buybacks and cash dividends to enhance investor returns [1] - The company has optimized its customer structure to mitigate risks associated with accounts receivable [2] Group 2: Product Development and Market Position - The development of the photovoltaic inverter is still ongoing [1] - The company has faced declining market share in the water and gas meter industry due to competition, but is focusing on high-quality development [2] - Future performance growth is expected from smart water meters, electromagnetic flow meters, and the increasing sales of smart water management products [2][3] Group 3: Strategic Initiatives and Market Opportunities - The company’s products are integral to the digital transformation of urban infrastructure, aligning with national policies promoting smart city development [3] - The first quarter typically represents a low sales season, which affects annual revenue but is not indicative of overall performance [4]
新天科技(300259) - 关于参加河南辖区上市公司2025年投资者网上集体接待日活动的公告
2025-05-15 10:15
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。 为进一步加强与投资者的互动交流,新天科技股份有限公司(以下简称"公司") 定于 2025 年 5 月 22 日(星期四)15:25-16:55 参加在全景网举办的河南辖区上市公 司 2025 年投资者网上集体接待日活动,本次活动将采用网络远程的方式举行,投资 者可登录"全景•路演天下"(http://rs.p5w.net)参与本次互动交流。出席本次网上集体 接待日活动的人员有:公司董事会秘书杨冬玲女士、财务总监徐文亮先生(如有特殊 情况,参会人员将可能进行调整),欢迎广大投资者积极参与。 特此公告。 证券代码:300259 证券简称:新天科技 公告编号:2025-019 新天科技股份有限公司 关于参加河南辖区上市公司 2025 年投资者网上集体 接待日活动的公告 董事会 二○二五年五月十六日 新天科技股份有限公司 ...