Financial Performance - The company achieved operating revenue of RMB 1,455.26 million, a decrease of 27.32% compared to the same period last year[4]. - The operating profit was RMB -147.36 million, an increase of 90.91% year-on-year[4]. - The total profit amounted to RMB -152.16 million, reflecting a year-on-year increase of 90.65%[4]. - The net profit reached RMB -132.12 million, which is a 92.25% increase compared to the previous year[4]. - The company's operating revenue for 2024 was ¥1,455,259,894.91, a decrease of 27.32% compared to ¥2,002,356,655.27 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥119,967,933.25, representing a significant increase of 92.93% from ¥1,696,043,151.00 in 2023[22]. - The net cash flow from operating activities for 2024 was ¥105,163,527.15, a decrease of 147.72% compared to ¥171,937,477.00 in 2023[22]. - The total assets at the end of 2024 were ¥2,845,559,651.35, down 12.95% from ¥3,268,946,290.00 at the end of 2023[22]. - The company reported a basic earnings per share of -0.24 for 2024, an improvement of 92.96% from -3.41 in 2023[22]. - The company reported a net profit of CNY -13,212.15 million, an increase of 92.25% year-on-year, indicating improved loss management[62]. Impairment and Provisions - The company has made provisions for credit impairment losses and asset impairment totaling RMB 101.43 million[4]. - The company reduced credit and asset impairment losses to 10.14 million yuan in 2024, down over 90% from 1.739 billion yuan in the same period of 2023[53]. - The company reported a net profit of -$13.21 million, significantly impacted by credit impairment losses and asset impairment losses totaling -$10.14 million[87]. Industry Trends and Market Outlook - The real estate industry, a major sector for the company's subsidiary, continues to face downward pressure despite increased policy support[4]. - Future plans or projections mentioned in the report do not constitute a substantive commitment to investors, highlighting the need for risk awareness[6]. - The report emphasizes the importance of understanding the differences between plans, forecasts, and commitments[6]. - The market size of China's smart city ICT is projected to reach RMB 939.71 billion in 2024, with a CAGR of 7.1% expected from 2023 to 2028[35]. - By 2030, China's hydrogen demand is forecasted to reach approximately 37.15 million tons, accounting for about 5% of total energy consumption[36]. Strategic Focus and Business Development - The company is focusing on risk management in its future development outlook[5]. - The company aims to achieve its "smart + dual carbon" strategic goals through innovation and diversification in new materials and energy sectors[38]. - The company is actively expanding into energy storage and photovoltaic projects, aiming to diversify its business[38]. - The company is focusing on the production of electrical equipment, smart city services, and renewable energy, particularly in the hydrogen sector[38]. - The company has established a diversified industrial matrix of "smart electrical + new energy + new materials" to reduce reliance on the real estate sector[52]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 200 million for new technology development in 2024[198]. - The company is focusing on the development of high-performance nano lithium battery materials, which will further promote domestic substitution in the lithium battery material sector[59]. - The company aims to enhance its technology competitiveness by developing high-precision DC arc detection algorithms and devices to fill the technical gap in DC arc safety monitoring[82]. - The R&D expenditure as a percentage of operating revenue for 2024 is 2.22%, down from 3.71% in 2023[83]. - The number of R&D personnel dropped by 43.88% from 98 in 2023 to 55 in 2024, with a corresponding decrease in the proportion of R&D staff from 9.75% to 6.80%[83]. Governance and Management - The company has established a governance structure that complies with the requirements of the Company Law and relevant regulations, ensuring independent operation of the board and management[123]. - The board consists of 9 members, including 3 independent directors, fulfilling legal requirements for composition and attendance[124]. - The company maintains independence in business, assets, personnel, financial, and institutional aspects from its controlling shareholder, ensuring a complete business system[127]. - The company has a structured approach to governance, with a clear delineation of roles and responsibilities among its board members[145]. - The company is committed to transparency in its governance and management practices, ensuring that all changes are communicated effectively to stakeholders[137]. Social Responsibility and Sustainability - The company actively participates in social responsibility initiatives, focusing on education support and rural revitalization, including donating 1,696 sets of school uniforms to students[190]. - The company has established a scholarship fund, "Shenghui Dream Scholarship," to assist underprivileged students in completing their education[190]. - The company has committed to sustainability initiatives, with a goal to reduce carbon emissions by 50% by 2025[198]. - The company has passed the ISO 14001:2015 environmental management system certification, indicating a systematic approach to environmental protection[183]. Cash Flow and Investment - Operating cash inflow decreased by 45.16% to $1.36 billion compared to $2.47 billion in 2023[85]. - Investment cash inflow decreased by 95.69% to $177.15 million compared to $4.11 billion in 2023[85]. - The net increase in cash and cash equivalents was -$155.74 million, a decrease of 16.81% from -$133.33 million in 2023[85]. - The company reported a fair value loss of 90.1336 million CNY due to declines in stock prices of Guohong Hydrogen Energy and asset evaluations of Feichi Automobile[108]. Customer and Market Engagement - The company has successfully expanded its customer base in municipal engineering, rail transit, and public construction, increasing the revenue share from non-real estate clients[54]. - The company has a stable and high-quality customer channel, with a nationwide sales network and after-sales service system, ensuring rapid response to customer needs[58]. - The top five customers accounted for 63.92% of total annual sales, with the largest customer, 碧桂园地产集团有限公司, contributing ¥754.65 million, or 51.86% of total sales[74]. Employee and Compensation - The total number of employees at the end of the reporting period is 812, with 387 in the parent company and 425 in major subsidiaries[156]. - The company has a competitive salary policy that includes basic salary, performance rewards, seniority pay, year-end bonuses, and social security benefits[157]. - The company has established a clear career development path for all employees, linking compensation to performance and contributions[158]. Legal and Compliance - The company has not faced any significant legal penalties or administrative sanctions since January 1, 2015, indicating compliance with various laws and regulations[196]. - The company has maintained a clean record with no major lawsuits or arbitration cases in the last thirty-six months[196]. - The company has fully paid its registered capital, with no disputes regarding major assets or core technologies[196].

Financial Performance - The company's revenue for Q1 2025 was ¥167,501,334.01, a decrease of 37.24% compared to ¥266,878,959.10 in the same period last year[5] - The net profit attributable to shareholders was -¥12,870,241.08, representing a decline of 351.58% from ¥5,115,858.22 in the previous year[5] - The net cash flow from operating activities was -¥60,452,762.00, a decrease of 77.70% compared to -¥34,020,486.42 in the same period last year[5] - The company reported a basic earnings per share of -¥0.03, a decrease of 400.00% from ¥0.01 in the same period last year[5] - Net profit for the period was a loss of ¥14,450,897.39 compared to a profit of ¥3,230,629.71 in the previous period, indicating a significant downturn[20] - Basic and diluted earnings per share were both reported at -¥0.03, compared to ¥0.01 in the previous period, reflecting a negative shift in profitability[21] Asset and Liability Changes - The total assets at the end of the reporting period were ¥2,757,669,210.16, down 3.09% from ¥2,845,559,651.35 at the end of the previous year[5] - Total liabilities decreased to ¥1,436,353,593.90 from ¥1,504,892,014.07, reflecting a reduction of about 4.5%[17] - The total equity attributable to the parent company decreased to ¥1,328,134,837.98 from ¥1,346,164,224.58, a drop of about 1.3%[17] Cash Flow Analysis - The company's cash flow from operating activities showed a significant change, impacting liquidity and operational flexibility[22] - Cash inflows from operating activities totaled $177.35 million, down 36.4% from $278.82 million in the prior period[23] - Cash outflows from operating activities were $237.81 million, a decrease of 24% from $312.84 million year-over-year[23] - The net cash flow from investing activities was -$15.00 million, an improvement from -$29.97 million in the previous period[24] - Cash inflows from investing activities were $57,000, significantly lower than $70.31 million in the prior period[24] - Cash outflows from investing activities decreased to $15.06 million from $100.28 million year-over-year[24] - The net cash flow from financing activities was -$51.68 million, worsening from -$22.12 million in the previous period[24] - Cash inflows from financing activities increased to $45.08 million from $40.14 million year-over-year[24] - Cash outflows from financing activities rose to $96.76 million, compared to $62.26 million in the prior period[24] - The ending cash and cash equivalents balance was $128.92 million, down from $351.82 million in the previous period[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,723, with the top ten shareholders holding a combined 47.03% of the shares[9] - No changes in the shareholding structure or significant shareholder activities were reported[12] Operational Metrics - The company experienced a significant increase in asset impairment losses, which rose by 2860.70% to ¥3,542,539.18 due to the reversal of contract asset impairment losses[8] - The company reported a decrease in financial expenses by 46.10% to ¥978,728.60, attributed to increased interest expenses[8] - Research and development expenses were ¥5,639,631.08, down from ¥6,490,025.83, indicating a focus on cost management[20] - The company reported a decrease in contract assets to ¥60,061,366.75 from ¥69,994,957.46, a decline of approximately 12.5%[16] Inventory and Receivables - Accounts receivable increased slightly from CNY 836,125,428.93 to CNY 839,653,376.31, showing a growth of about 0.3%[15] - Inventory rose from CNY 475,084,293.09 to CNY 500,995,628.02, indicating an increase of approximately 5.4%[15] - Other receivables decreased from CNY 83,440,720.82 to CNY 73,043,540.89, reflecting a decline of about 12.5%[15] - The company reported a significant increase in financing receivables from CNY 7,142,453.43 to CNY 20,916,540.08, which is an increase of approximately 194.5%[15] Future Outlook and Developments - The company has not disclosed any new product developments or technological advancements during the call[14] - There were no updates on market expansion or mergers and acquisitions mentioned in the conference call[14] - The company did not provide specific future guidance or performance outlook for the upcoming quarters[14]

一、2024 年度利润分配预案 经天健会计师事务所（特殊普通合伙）审计，公司 2024 年度合并报表归属 于上市公司股东的净利润为亏损 119,967,933.25 元。截至 2024 年 12 月 31 日， 合并报表累计未分配利润为亏损 1,077,398,775.03 元，母公司未分配利润为亏损 1,003,383,574.02 元。 证券代码：300423 证券简称： 昇辉科技 公告编号：2025-012 昇辉智能科技股份有限公司 关于2024年度拟不进行利润分配的专项说明 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。 昇辉智能科技股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开 第五届董事会第九次会议和第五届监事会第八次会议，分别审议通过了《关于公 司 2024 年度利润分配预案的议案》，本预案尚需提交公司 2024 年年度股东会审 议。现将具体情况公告如下： 三、2024 年度拟不进行利润分配的合理性说明 根据中国证券监督管理委员会《关于进一步落实上市公司现金分红有关事项 的通知》《上市公司监管指引第 3 号—上市公司现金分 ...

证券代码：300423 证券简称：昇辉科技 公告编号：2025-006 昇辉智能科技股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套 资金事项的停牌进展公告 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。 昇辉智能科技股份有限公司（以下简称"公司"）正在筹划发行股份及支付现 金购买资产并募集配套资金事项（以下简称"本次交易"或"本次重组"），本次交 易预计构成重大资产重组，不构成重组上市。因有关事项尚存不确定性，为了维 护投资者利益，避免对公司证券交易造成重大影响，根据深圳证券交易所的相关 规定，经公司向深圳证券交易所申请，公司股票（证券简称：昇辉科技，证券代 码：300423）自 2025 年 4 月 15 日（星期二）开市起开始停牌。 截至本公告披露日，公司与相关各方正在就本次交易方案进行协商、论证和 确认。鉴于本次交易的相关事项尚存在不确定性，为维护投资者利益，避免公司 股价异常波动，根据深圳证券交易所的相关规定，公司股票继续停牌。停牌期间， 公司将积极推进各项工作，并根据本次交易相关事项的进展情况及时履行信息披 露义务。待相关事项确定后，公司 ...

转自：经济导报 文 | 经济导报 于婉凝 值得一提的是，赫普能源曾筹划在A股独立IPO。2020年10月27日，证监会官网显示，赫普能源于当年9 月同中信证券签署上市辅导协议，并在北京证监局备案，拟创业板挂牌上市。 根据公告，近日，昇辉科技与赫普能源相关股东签署了《股份收购意向协议》。根据协议，昇辉科技拟 通过发行股份及支付现金方式购买赫普能源控制权，并募集配套资金。本次交易的具体方案待由协议各 方及标的公司股东进一步协商确定，并签署正式交易协议。 公告中提到，本次交易对方的范围尚未最终确定，最终确定的交易对方以后续公告的重组预案或重组报 告书披露的信息为准。此外，赫普能源相关股权的最终交易价格，以昇辉科技聘请的具有证券期货业务 资格的评估机构出具的资产评估报告确认的评估值为基础，由各方协商确定，待评估报告完成后，各方 将在本次交易的正式协议中确定本次交易的交易对价。 赫普能源官网显示，赫普能源是服务于新能源电力消纳、火电灵活性与抽汽蓄能改造和综合能源服务领 域的国家高新技术企业、是国内较早开展电力系统灵活性提升创新实践的企业，现已成为全国火电厂调 峰调频领域的龙头企业。该公司始创于2016年7月，注册资本1 ...

星标 ★ IPO日报 精彩文章第一时间推送 近日，昇辉智能科技股份有限公司（下称"昇辉科技"，300423.SZ）披露公告称， 公司拟通过发行股份及支付现金方式购买 赫普 能源环境科技股份有限公司（以下简称"赫普能源"）控制权， 并募集配套资金。 昇辉科技表示，本次交易事项尚处于筹划阶段，初步确定的交易对方为赫普绿色储能技术（北京）有限公司、赫普蓝天节能技术服务 （北京）有限公司、赫普阳光新能源技术服务（北京）有限公司、赫普智慧（景宁）能源技术开发有限公司。 本次交易预计构成重大资产重组，不构成重组上市。 制图：佘诗婕 曾筹划IPO 值得一提的是，赫普能源在2020年也曾筹划过独立IPO，但未果。 此外，2021年，A股公司西子洁能（原杭锅股份，002534.SZ）还曾披露过拟通过受让股份及增资的方式取得赫普能源51%股权。彼时赫 普能源整体投前估值不超过30亿元。 根据彼时的公告，2020年以及2021年上半年，赫普能源的收入分别为2.96亿元、1.48亿元，归母净利润分别为9696.22万元、7461.5万 元。 但上述交易并未成功。 此后，经各方协商，最终确定赫普能源整体交易估值为13.6亿元，交易方案 ...

本报讯 （记者王僖）4月14日晚，昇辉智能科技股份有限公司（以下简称"昇辉科技"，股票代码：300423）发布公告称， 公司正在筹划发行股份及支付现金购买资产并募集配套资金，拟拿下赫普能源环境科技股份有限公司（以下简称"赫普能源"） 控股权。根据深圳证券交易所的相关规定，公司股票自4月15日起停牌。本次交易预计构成重大资产重组，不构成重组上市。 公告显示，本次交易事项尚处于筹划阶段，初步确定的交易对方为赫普绿色储能技术（北京）有限公司、赫普蓝天节能技 术服务（北京）有限公司、赫普阳光新能源技术服务（北京）有限公司、赫普智慧（景宁）能源技术开发有限公司。本次交易 对方的范围尚未最终确定，公司预计在不超过10个交易日的时间内披露本次交易方案，即在2025年4月29日前按照《公开发行 证券的公司信息披露内容与格式准则第26号——上市公司重大资产重组》的要求披露相关信息。 近期，昇辉科技股价接连大涨。截至4月14日收盘，公司股价收涨9.37%，报8.52元/股，总市值约为42.39亿元。 （编辑 上官梦露） 昇辉科技主营业务为电气成套设备、LED照明与亮化、智慧城市及氢能。近年来，昇辉科技业绩承压明显，2022年、2 ...

北京商报讯（记者 马换换）净利接连亏损的情况下，昇辉科技（300423）也祭出了并购大招，拟拿下 赫普能源环境科技股份有限公司（以下简称"赫普能源"）控制权，公司股票自4月15日起停牌。值得一 提的是，赫普能源在市场上较为知名，被称为储能"小巨人"，也曾筹划过独立IPO。 昇辉科技表示，本次交易事项尚处于筹划阶段，初步确定的交易对方为赫普绿色储能技术（北京）有限 公司、赫普蓝天节能技术服务（北京）有限公司、赫普阳光新能源技术服务（北京）有限公司、赫普智 慧（景宁）能源技术开发有限公司。 赫普能源官网显示，公司始创于2016年7月，注册资本1.25亿元。目前，公司总资产近10亿元，在内蒙 古、黑龙江、辽宁、江苏、广东、北京等10余个省、自治区、直辖市设立分、子公司，旗下拥有全资、 控股、参股单位17家。公司是服务于新能源电力消纳、火电灵活性与抽汽蓄能改造和综合能源服务领域 的国家高新技术企业、公司是国内较早开展电力系统灵活性提升创新实践的企业，现已成为全国火电厂 调峰调频领域的龙头企业。 值得一提的是，赫普能源在2020年也曾筹划过独立IPO，但未果。此外，A股公司杭锅股份2021年还曾 披露过拟购赫普能源股权 ...

证券代码：300423 证券简称：昇辉科技 公告编号：2025-005 昇辉智能科技股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套资金事项的 停牌公告 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。 一、停牌事由和工作安排 昇辉智能科技股份有限公司（以下简称"公司"）正在筹划发行股份及支付现 金购买资产并募集配套资金事项（以下简称"本次交易"或"本次重组"），本次交 易预计构成重大资产重组，不构成重组上市。因有关事项尚存不确定性，为了维 护投资者利益，避免对公司证券交易造成重大影响，根据深圳证券交易所的相关 规定，经公司向深圳证券交易所申请，公司股票（证券简称：昇辉科技，证券代 码：300423）自 2025 年 4 月 15 日（星期二）开市起开始停牌。 公司预计在不超过 10 个交易日的时间内披露本次交易方案，即在 2025 年 4 月 29 日前按照《公开发行证券的公司信息披露内容与格式准则第 26 号——上市 公司重大资产重组》的要求披露相关信息。 | | | | 企业类型 | 其他股份有限公司(非上市) | | --- | --- | | ...

证券代码：300423 证券简称：昇辉科技 公告编号：2025-004 昇辉智能科技股份有限公司 关于聘任公司财务总监的公告 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。 昇辉智能科技股份有限公司（以下简称"公司"）于2025年3月26日召开第 五届董事会第八次临时会议，审议通过了《关于聘任公司财务总监的议案》。为 保证公司财务管理工作的有序开展，根据《深圳证券交易所创业板股票上市规则 》及《公司章程》等有关规定，经公司总经理纪法清先生提名，董事会提名委员 会、审计委员会审核通过，董事会同意聘任熊道广先生担任公司财务总监，任期 自本次会议审议通过之日起至第五届董事会任期届满时为止。熊道广先生简历如 下： 熊道广先生，男，1988年生，中国国籍，无境外永久居留权，东北财经大学 经济学学士，中级会计师、中级经济师职称。曾任山河智能装备股份有限公司董 事、财务总监，广州德晟电力科技有限公司财务总监。2024年4月入职昇辉控股有 限公司担任财务总监，现任公司财务总监。 截至本公告披露日，熊道广先生未持有公司股份，与公司现任董事、监事、 高级管理人员及持有公司5%以上 ...