证券代码：300399 证券简称：天利科技 公告编号：2025-079 江西天利科技股份有限公司 第五届董事会第十八次会议决议公告 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 江西天利科技股份有限公司（以下简称"公司"）第五届董事会第十八次会 议于 2025 年 9 月 24 日以现场会议与通讯表决相结合的方式召开，应参加会议董 事 8 人，实际参加会议 8 人。本次会议已于召开前 3 天通知了公司全体董事。公 司部分高级管理人员列席了本次会议。本次会议的召开符合《公司法》和《公司 章程》的有关规定，会议决议合法、有效。会议由董事长高磊先生主持。 二、董事会会议审议情况 经与会董事认真审议，本次会议表决通过了以下决议： 1.审议通过《关于增补公司董事的议案》； 表决结果：8 票同意，0 票反对，0 票弃权。 本议案已经公司薪酬与提名委员会审议通过，尚需提交公司 2025 年第二次 临时股东会审议。 2.审议通过《关于增补董事会专门委员会成员的议案》； 经审议，根据《公司章程》及公司各董事会专门委员会工作细则，同意增补 王黎贤先生为公 ...

Market Overview - The Shanghai Composite Index closed at 3813.56 points, with a decline of 1.16% [1] - The total trading volume of A-shares reached 23956.82 billion yuan [1] Technical Analysis - A total of 16 A-shares experienced a crossover where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Sichuang Medical (300078) with a distance of -0.91% - Nanmo Biology (688265) with a distance of -0.80% - Shandong Weida (002026) with a distance of -0.75% [1] Individual Stock Performance - Sichuang Medical (300078) saw a decrease of 2.81% with a trading turnover rate of 3.15% [1] - Nanmo Biology (688265) decreased by 0.16% with a turnover rate of 1.39% [1] - Shandong Weida (002026) declined by 2.93% with a turnover rate of 2.90% [1] - Qingda Environmental (688501) dropped by 3.86% with a turnover rate of 1.84% [1] - Pulit (002324) fell by 2.62% with a turnover rate of 2.03% [1] - Other notable declines include: - Meili (000815) down by 4.03% - Hezhong (002383) down by 6.95% [1]

1. Report Industry Investment Rating - No relevant information provided in the content 2. Core View of the Report - The report focuses on the development and prospects of Tianli Technology in the Internet service industry. It discusses various aspects such as the company's business strategies, responses to market competition, and future plans to enhance its core competitiveness and profitability [23][24][32] 3. Summary by Related Catalogs 3.1. 01 -调研基本情况 (Basic Information of the Research) - The research object is Tianli Technology, belonging to the Internet service industry. The reception time was on August 26, 2025. The listed company's reception personnel included independent directors Zhao Hechun and Zhang Jun, and the financial director and board secretary Gu Lanfang [16] 3.2. 02 -详细调研机构 (Detailed Research Institutions) - The reception object was all investors who participated online in Tianli Technology's (300399) 2025 semi - annual performance briefing, and the reception object type was "other" [19] 3.3. 03 -调研机构占比 (Proportion of Research Institutions) - No relevant content provided 3.4. 04 -主要内容资料 (Main Content Information) - **Business Direction and Capital Utilization**: The company's state - owned enterprise reform selects insurance business (70% of the main business) to support the development of new - quality productivity. However, the company uses idle funds to buy bank financial products. The company will increase investment in 5G, large - scale insurance, large - scale health, and AI computing in the second half of the year, and allocate resources according to the development of the main business [23][24] - **Competition Response**: To maintain and increase market share in the face of fierce competition, the company will focus on continuous technological innovation, business transformation and upgrading, and attracting outstanding talents [25] - **Insurance Business Expansion**: The company, an early entrant in the insurance field with full - license solutions, will output scenario - based insurance products and services. It is currently promoting key projects such as the "Yuankang" project in the large - health field, the "Travel Care - free" series in the vehicle ecosystem, and the insurance mall and intelligent claims settlement projects [26][30] - **Dividend Policy**: The company will optimize the dividend policy to provide more returns to investors [27] - **Seizing Industry Opportunities**: The company will promote the development of its main business by increasing R & D investment, improving the marketing network, expanding the partner ecosystem, and optimizing the management system [28][29] - **Current Difficulties**: The company faces difficulties such as sub - optimal business upgrading or transformation, fluctuations in gross profit margin due to market competition, and less - than - expected innovation. It is taking measures to address these issues [31] - **Second - Half Plan**: In the second half of the year, the company will focus on digital transformation and new business development. In terms of business, it will drive gross profit margin improvement through cost - reduction and efficiency - enhancement measures and business transformation. In terms of management, it will improve management capabilities to support new business development [32][33][34]

Group 1 - The company held a semi-annual performance briefing on August 26, 2025, with participation from independent directors and the financial director [1] - Investors raised concerns about the company's focus on insurance business and the use of long-term capital for bank financial products, questioning how the company plans to enhance technological innovation in the second half of the year [1] - The company emphasized its commitment to R&D innovation, planning to increase investments in 5G, large insurance, health, and AI computing to enhance core competitiveness [1][2] Group 2 - In response to competitive pressures, the company outlined strategies to improve core competitiveness through continuous technological innovation, business transformation, and talent acquisition [1][2] - The company is actively expanding its insurance services and has ongoing key projects, including accident protection for insured vehicles and smart claims projects [2] - The company acknowledged challenges such as business transformation not meeting expectations and market competition affecting gross margins, and it plans to focus on digital transformation and new business development in the second half of the year [2]

Group 1: Company Strategy and Focus Areas - The company emphasizes the importance of R&D innovation, planning to increase investments in 5G, insurance, health, and AI technologies to achieve significant breakthroughs [2][5]. - The company aims to enhance its digital and intelligent capabilities, creating a standardized and comprehensive service system to improve core competitiveness and sustainable development [2][3]. - The company plans to optimize the use of idle funds through proactive management, ensuring maximum asset returns while supporting its main business development [2][3]. Group 2: Market Competition and Response Strategies - In response to intense market competition, the company will focus on continuous technological innovation, timely product development, and strategic adjustments to maintain and expand market share [5][7]. - The company intends to enhance its talent acquisition efforts to support ongoing innovation and business development [5][7]. - The company is committed to improving its marketing network and expanding its partner ecosystem to provide stable foundations for business operations [7][8]. Group 3: Insurance Sector Development - The company is actively developing new service scenarios in the insurance sector, leveraging its comprehensive capabilities in insurance brokerage and technology [6][8]. - Key projects in the insurance sector include "Yuan An Kang" for cancer patient rehabilitation, "Travel Worry-Free" for vehicle insurance, and an insurance marketplace for smart claims [8]. - The company is focused on embracing industry changes and providing scenario-based insurance products to support client development and ensure sustainable growth [6][8]. Group 4: Financial Performance and Shareholder Returns - The company is committed to optimizing its dividend policy to enhance shareholder returns while continuously improving performance [7]. - The company plans to implement cost reduction and efficiency enhancement strategies to drive profit margins higher [8]. - The company will focus on digital transformation and new business development to strengthen its core competitiveness and profitability [8].

Group 1 - The core viewpoint of the article highlights the recent performance and financial metrics of Tianli Technology, indicating a mixed financial outlook with a decrease in revenue but a significant increase in net profit [1] - As of August 25, 2025, Tianli Technology's stock closed at 33.8 yuan, reflecting a 4.64% increase with a trading volume of 302,200 hands and a transaction amount of 1.013 billion yuan [1] - The company's latest financial results show total operating revenue of 231 million yuan, a year-on-year decrease of 3.54%, while net profit attributable to shareholders reached 8.0205 million yuan, a year-on-year increase of 144.79% [1] Group 2 - Tianli Technology has made investments in 10 external companies and participated in 24 bidding projects, indicating active engagement in business expansion [2] - The company holds 4 trademark registrations and 11 patents, showcasing its commitment to intellectual property development [2] - Tianli Technology has 5 administrative licenses, which may enhance its operational capabilities and market presence [2]

Group 1 - The stock of Guiding Compass increased by over 8%, reaching a new high [1] - Huibo Yuntong and Yinzhijie both saw their stocks rise by over 10% [1] - Other companies such as Anshuo Information, Tianli Technology, Dazhihui, and Huijin Co. also experienced stock increases [1]

Group 1 - The A-share financial technology stocks experienced a significant rally, with notable increases in share prices [1] - The stock of Zhina Compass rose over 8%, reaching a new high, while Huibo Yuntong and Yinzhijie both surged over 10% [1] - Other companies such as Anshuo Information, Tianli Technology, Dazhihui, and Huijin Shares also saw gains [1]

Core Viewpoint - Tianli Technology (SZ300399) reported a turnaround in its financial performance for the first half of 2025, achieving profitability compared to the previous year [1] Financial Performance Summary - The company's operating revenue for the first half of 2025 was 230.98 million yuan, a decrease of 3.54% year-on-year [2] - Net profit attributable to shareholders was 8.02 million yuan, a significant increase of 144.79% compared to a loss of 17.91 million yuan in the same period last year [2] - The net profit after deducting non-recurring gains and losses was -9.44 million yuan, showing a slight improvement of 0.39% year-on-year [2] - Basic earnings per share were 0.04 yuan, compared to -0.09 yuan in the previous year, marking a 144.44% increase [2] - The company's cash flow from operating activities was -11.09 million yuan, a decline of 135.28% year-on-year [2] Profitability Metrics - Gross margin for the first half of 2025 was 2.98%, a decrease of 0.02 percentage points year-on-year [3] - Net profit margin improved to 3.42%, an increase of 11.09 percentage points compared to the previous year [3] Expense Analysis - Total operating expenses for the first half of 2025 were 19.65 million yuan, an increase of 1.91 million yuan year-on-year [3] - The expense ratio was 8.51%, up 1.10 percentage points from the previous year [3] - Sales expenses surged by 27,808.03% year-on-year, while management expenses decreased by 8.41% [3] - Research and development expenses increased by 4.13%, and financial expenses rose by 93.07% year-on-year [3] Corporate Governance Update - On August 19, 2025, the company announced the resignation of Zhou Hongcui from the positions of Vice Chairman and Director due to personal reasons [5] - Zhou Hongcui's resignation is effective immediately upon delivery of the resignation report to the board [5] Company Background - Tianli Technology, established on January 18, 2006, is based in Shangrao City, Jiangxi Province, and specializes in mobile information services [6] - The company went public on October 9, 2014, and primarily collaborates with telecom operators to provide industry-specific mobile information services and personal mobile information services, as well as internet insurance business [6]

Core Viewpoint - Tianli Technology (300399) reported a mixed financial performance for the first half of 2025, with a decline in total revenue but a significant increase in net profit compared to the previous year [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 231 million yuan, a decrease of 3.54% year-on-year [1]. - Net profit attributable to shareholders reached 8.02 million yuan, marking a substantial increase of 144.79% year-on-year [1]. - The second quarter saw total revenue of 116 million yuan, down 15.75% year-on-year, while net profit for the quarter was -3.91 million yuan, an increase of 70.27% year-on-year [1]. - The gross margin was 2.98%, a slight decrease of 0.55% year-on-year, while the net margin improved to 3.42%, up 144.56% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 15.47 million yuan, accounting for 6.7% of revenue, an increase of 16.81% year-on-year [1]. Key Financial Ratios - Earnings per share (EPS) was 0.04 yuan, a significant increase of 144.44% year-on-year [1]. - The net asset value per share was 2.61 yuan, up 3.59% year-on-year [1]. - Operating cash flow per share was -0.06 yuan, a decrease of 135.28% year-on-year [1]. Accounts Receivable and Debt - Accounts receivable were notably high, with the ratio of accounts receivable to net profit reaching 1069.54% [1]. - Interest-bearing debt decreased by 21.76% to 913,700 yuan [1]. Changes in Financial Items - Sales expenses increased dramatically by 27,808.03% due to the consolidation of a new subsidiary [2]. - Financial expenses rose by 93.07% due to changes in deposit policies and funding structure [2]. - Income tax expenses increased by 135.03% due to higher taxable income [2]. - Net cash flow from operating activities decreased by 135.28% due to changes in sales structure [2]. - Investment cash flow increased by 738.57% due to higher purchases of financial products [2]. - Cash and cash equivalents saw a net decrease of 100.44% due to changes in operating cash flow [2]. Business Model and Market Position - The company's performance is primarily driven by research and development [6]. - Historical data indicates a median Return on Invested Capital (ROIC) of 3.79% over the past decade, suggesting weak investment returns [5]. - The company has experienced one loss year since its IPO, indicating a need for further investigation into its financial health [5].