Company Changes - Mr. Zhong Haichuan has resigned from the position of Chief Financial Officer (CFO) of ST Renzi Hang due to personal reasons, with his term originally set to end on July 22, 2028 [1] - Mr. Li Zhiqiang has been appointed as the new CFO, following the nomination by General Manager Mr. Shen Zhijie and approval by the board's audit committee [1] Financial Performance - For the first half of 2025, ST Renzi Hang's revenue composition is as follows: Cybersecurity accounts for 50.16%, Asset Management for 47.91%, and Other Businesses for 1.93% [1] - The current market capitalization of ST Renzi Hang is 3.2 billion yuan [1]

证券代码：300311 证券简称：ST 任子行 公告编号：2025-033 任子行网络技术股份有限公司 关于续聘 2025 年度审计机构的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、公司 2024 年度审计意见类型为带强调事项段的无保留意见，强调事项如 下：公司于 2024 年 8 月 9 日收到中国证券监督管理委员会（以下简称"中国证 监会"）下发的《立案告知书》（证监立案字 007202428 号），截至 2024 年度 审计报告出具日，立案调查尚在进行。 公司已于 2025 年 7 月 18 日收到中国证监会下发的《行政处罚决定书》（〔2025〕 7 号），中国证监会对公司的立案调查工作已结束。公司已于 2023 年 4 月 28 日 披露了《关于前期会计差错更正及追溯调整的公告》（公告编号：2023-014）等 相关公告，《行政处罚决定书》（〔2025〕7 号）中所述事项均已整改完成。 2、本次不涉及变更会计师事务所。 3、本次续聘会计师事务所事项符合财政部、国务院国资委、证监会印发的 《国有企业、上市公司选聘会计师事务所管理 ...

证券代码：300311 证券简称：ST 任子行 公告编号：2025-035 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所创业板股票上市规则》《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》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 10 日 15:30 任子行网络技术股份有限公司 关于召开 2025 年第二次临时股东会的通知 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。 任子行网络技术股份有限公司（以下简称"公司"）第六届董事会第三次会 议决定于 2025 年 11 月 10 日 15:30 在深圳市南山区高新区科技中二路软件园 2 栋 6 楼会议室召开公司 2025 年第二次临时股东会，本次会议采用现场投票与网 络投票相结合的方式召开。现将会议有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 ...

会议由董事长景晓军先生主持，公司高级管理人员列席了本次会议。本次会 议的召开符合国家有关法律、法规及《任子行网络技术股份有限公司章程》的规 定，本次会议的召开合法有效。 证券代码：300311 证券简称：ST 任子行 公告编号：2025-030 任子行网络技术股份有限公司 关于第六届董事会第三次会议决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 任子行网络技术股份有限公司（以下简称"公司"）第六届董事会第三次会 议于 2025 年 10 月 23 日在公司会议室以现场及通讯相结合的方式召开，会议通 知于 2025 年 10 月 20 日以邮件等方式送达参会人员。本次会议应出席董事 7 名， 实际出席董事 7 名。 本议案已经审计委员会审议通过。 表决结果：7 票同意，0 票反对，0 票弃权。 具体内容详见公司在中国证券监督管理委员会（以下简称"中国证监会"） 指定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露的《关 于高级管理人员离任暨聘任高级管理人员的公告》（公告编号：2025-0 ...

Financial Performance - The company's revenue for Q3 2025 was ¥86,106,767.86, a decrease of 47.13% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥7,699,844.24, representing a decline of 192.82% year-on-year[4]. - Total operating revenue for the current period is ¥197,148,892.05, down 20.7% from ¥248,697,975.42 in the previous period[20]. - Net profit for the current period is -¥79,279,470.10, compared to -¥90,160,746.98 in the previous period, showing an improvement of 12.5%[21]. - The company reported a basic and diluted earnings per share of -0.1143, an improvement from -0.1317 in the previous period[22]. Cash Flow - The net cash flow from operating activities was -¥10,524,831.63, a decrease of 63.60% compared to the beginning of the year[4]. - The company reported a net cash outflow from operating activities of -¥10,524,831.63, an improvement from -¥28,912,180.32 in the previous period[22]. - Cash inflow from operating activities totaled ¥413,871,471.83, an increase from ¥365,500,498.31 in the previous period[22]. - Net cash flow from investment activities was -$65.1 million, compared to -$40.5 million in the previous period, indicating a decline in investment performance[23]. - Cash inflow from financing activities totaled $35 million, down from $43 million in the previous period, reflecting reduced borrowing[23]. - Cash outflow from financing activities increased to $45.3 million from $22.6 million, leading to a net cash flow from financing activities of -$10.3 million, compared to $20.4 million previously[23]. - The net increase in cash and cash equivalents was -$86.5 million, compared to -$49.3 million in the prior period, showing a worsening liquidity position[23]. - The ending balance of cash and cash equivalents was $161.7 million, down from $135.6 million in the previous period[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,214,804,232.55, down 8.10% from the end of the previous year[4]. - The company's total assets decreased from CNY 1,321,812,633.00 at the beginning of the period to CNY 1,214,804,232.55 by the end of the period, reflecting a decline of approximately 8.1%[17]. - Cash and cash equivalents dropped from CNY 261,502,294.49 to CNY 176,232,020.94, a decrease of about 32.6%[17]. - Accounts receivable decreased significantly from CNY 212,244,049.18 to CNY 135,439,403.30, representing a decline of approximately 36.1%[17]. - The company's total current liabilities decreased from CNY 531,615,998.67 to CNY 493,030,550.53, a reduction of about 7.2%[18]. - The total liabilities decreased to ¥577,131,079.84 from ¥619,657,799.33, a reduction of approximately 6.8%[19]. - The total equity attributable to shareholders decreased to ¥591,221,837.58 from ¥653,413,972.28, a decline of about 9.5%[19]. Investments and Subsidies - The company received government subsidies amounting to ¥3,846,191.18 during the reporting period[5]. - The company reported a significant increase in fair value gains of 961.05% year-on-year, attributed to increased financial investments[8]. - The company achieved a cash recovery from investments of ¥198,191,394.20, significantly up from ¥66,142,617.70 in the previous period[22]. - Research and development expenses were ¥89,316,489.58, down 19% from ¥110,068,767.87[20]. Regulatory and Operational Issues - The company has received an administrative penalty from the China Securities Regulatory Commission, but it stated that this will not have a significant impact on its operations[15]. - The company plans to apply for the removal of risk warnings on its stock after 12 months from the administrative penalty decision[15]. - The company has ongoing normal business operations despite the recent regulatory issues[15]. - The company reported a total of 136,221,057 shares under lock-up, with no shares released during the current period[14]. Other Financial Metrics - The weighted average return on equity was -1.32%, a decrease of 2.66% year-on-year[4]. - The company reported a significant increase in contract liabilities from CNY 194,109,934.53 to CNY 239,496,137.77, an increase of approximately 23.3%[18]. - The company’s non-current assets totaled CNY 547,473,579.04, slightly down from CNY 549,536,851.08 at the beginning of the period[18]. - Total operating costs decreased to ¥277,790,423.60, a reduction of 20% from ¥346,784,204.72[20]. - The company's third-quarter financial report was not audited, which may affect the reliability of the reported figures[24].

证券代码：300311 证券简称：ST 任子行 公告编号：2025-034 任子行网络技术股份有限公司 关于使用自有闲置资金进行委托理财的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 任子行网络技术股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日 召开了第六届董事会第三次会议，审议通过了《关于使用自有闲置资金进行委托 理财的议案》。现将相关情况公告如下： 一、委托理财情况概述 （一）委托理财目的 在保证公司正常经营的情况下，充分利用闲置资金，提高资金使用效率，增 加资金收益。 （四）授权有效期 自本次董事会决议通过之日起 12 个月内有效。 （五）资金来源 为公司自有闲置资金。 （六）实施方式 （二）委托理财金额 使用最高不超过人民币 3 亿元的自有闲置资金进行委托理财，在上述额度及 期限内，资金可以滚动使用。 （三）投资方式 公司在额度内使用自有闲置资金用于购买银行、证券公司、信托公司等金融 机构发行的安全性高、流动性较好、风险可控的现金管理产品或理财产品。 在额度范围内公司董事会授权管理层签署有关法律文件，具体投资活动由财 务中 ...

证券代码：300311 证券简称：ST 任子行 公告编号：2025-031 任子行网络技术股份有限公司 关于高级管理人员离任暨聘任高级管理人员的公告 第 1页，共 3页 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、高级管理人员离任情况 任子行网络技术股份有限公司（以下简称"公司"）董事会于近日收到公司 财务总监钟海川先生提交的书面辞职报告。钟海川先生因个人原因申请辞去公司 财务总监职务，原定任期届满日为 2028 年 7 月 22 日，辞职后，钟海川先生将不 再担任公司任何职务。 截至本公告披露日，钟海川先生未直接或间接持有公司股份，其配偶或其他 关联人也未持有公司股份，亦不存在应当履行而未履行的承诺事项。根据《公司 法》等法律法规及《任子行网络技术股份有限公司章程》（以下简称"《公司章 程》"）的相关规定，钟海川先生的辞职报告自送达董事会之日起生效。钟海川 先生所负责的工作已全部完成交接，其辞职不会影响公司的正常经营。 公司及公司董事会对钟海川先生在担任财务总监期间为公司发展所做出的 贡献表示衷心的感谢！ 二、聘任高级管理人员情况 公司于 2025 ...

Core Viewpoint - ST Renzihang (300311) reported an increase in revenue and a reduction in losses for the first half of 2025, with total operating revenue reaching 111 million yuan, a year-on-year increase of 29.36%, and a net profit attributable to shareholders of -69.29 million yuan, an improvement of 28.59% compared to the previous year [1] Financial Performance Summary - Total operating revenue for 2025 reached 111 million yuan, up 29.36% from 85.84 million yuan in 2024 [1] - Net profit attributable to shareholders improved to -69.29 million yuan from -97.03 million yuan, reflecting a 28.59% year-on-year increase [1] - The gross profit margin was 53.66%, a slight decrease of 0.13% from the previous year [1] - The net profit margin improved significantly to -64.00%, an increase of 43.97% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 70.94 million yuan, accounting for 63.88% of revenue, a decrease of 33.3% compared to the previous year [1] - Earnings per share improved to -0.10 yuan, a 28.54% increase from -0.14 yuan in the previous year [1] Cash Flow and Debt Management - Operating cash flow per share improved to -0.06 yuan, a 49.26% increase from -0.12 yuan [1] - The company reported a significant reduction in interest-bearing debt, decreasing by 58.69% to 20.89 million yuan [1] - Cash and cash equivalents decreased by 6.64% to 143 million yuan [1] Cost Structure Analysis - Operating costs increased by 29.55%, attributed to the rise in revenue [2] - Selling expenses decreased by 21.39%, primarily due to reduced wage expenses [2] - Management expenses fell by 8.58%, also due to lower wage costs [3] - Financial expenses surged by 129.19%, mainly due to increased exchange losses [3] Investment and Cash Flow Activities - Research and development expenses decreased by 18.72%, attributed to reduced wage costs [5] - Net cash flow from operating activities increased by 49.26%, driven by higher cash receipts from sales [5] - Net cash flow from investing activities plummeted by 604.85%, due to increased purchases of financial products [5] - Net cash flow from financing activities decreased by 197.1%, due to reduced cash from borrowings and increased cash outflows for loan repayments [6] - The net increase in cash and cash equivalents fell by 170.11%, reflecting higher cash outflows from investment and financing activities [6] Business Model and Historical Performance - The company's performance relies heavily on research and development, necessitating a thorough examination of the underlying drivers [6] - Historical data indicates a median Return on Invested Capital (ROIC) of -3.11% over the past decade, with a particularly poor performance in 2016 at -34.31% [6] - The company has reported losses in 6 out of 12 annual reports since its listing, indicating a generally weak financial history [6]

Core Viewpoint - ST Renzi Hang (300311.SZ) reported a significant increase in revenue for the first half of 2025, with total operating income reaching 111.04 million yuan, a year-on-year growth of 29.36%, while the net profit attributable to shareholders showed a reduced loss of 69.29 million yuan, a decrease in loss of 28.59% [1] Group 1: Financial Performance - The company achieved total operating revenue of 111.04 million yuan, reflecting a year-on-year increase of 29.36% [1] - The net profit attributable to shareholders was -69.29 million yuan, indicating a reduction in loss by 28.59% compared to the previous year [1] Group 2: Business Growth Drivers - The net asset management business generated revenue of 53.20 million yuan, marking an impressive year-on-year growth of 80.52% [1] - Growth in the net asset management sector was attributed to earlier signing of bidding and procurement framework agreements in the telecommunications industry, leading to increased collection and revenue [1] - Successful projects in areas such as anti-fraud, IDC, ISP, and classification and grading contributed to revenue growth due to client recognition in the telecommunications sector [1] Group 3: Operational Efficiency - The company has made progress in enhancing internal management and optimizing organizational structure, which has improved overall operational efficiency [1] - Effective collaboration among departments has ensured smooth project execution, leading to reduced project delivery cycles and acceptance times [1] - Overall expenses have been effectively lowered as part of the operational improvements [1]

单位：人民币元 非经营性资金占用 资金占用方名称 占用方与上市公 司的关联关系 上市公司核 算的会计科 目 2025年期初 占用资金余 额 2025年半年 度占用累计 发生金额（ 不含利息） 2025年 半年度 占用资 金的利 息（如 有） 2025年半年 度偿还累计 发生金额 2025年半年 度期末占用 资金余额 占用形成原因 占用性质 控股股东、实际控制 人及其附属企业 小计 - - - - - 前控股股东、实际控 制人及其附属企业 小计 - - - - - 其他关联方及其附属 企业 小计 总计 - - - - - 其他关联资金往来 资金往来方名称 往来方与上市公 司的关联关系 上市公司核 算的会计科 目 2025年期初 往来资金余 额 2025半年度 往来累计发 生金额（不 含利息） 2025半 年度往 来资金 的利息( 如有) 2025年半年 度偿还累计 发生金额 2025半年度 往来资金余 额 往来形成原因 往来性质（经 营性往来、 非 经营性往来） 控股股东、实际控制 人及其附属企业 上市公司的子公司及 其附属企业 深圳市任子行科技开发 有限公司 子公司 应收账款 234,041.09 251,5 ...