Core Viewpoint - Baos Holdings (300441.SZ) reported a significant decline in financial performance for the first half of 2025, indicating challenges in revenue generation and profitability [1] Financial Performance - The company achieved an operating revenue of 810 million yuan, representing a year-on-year decrease of 39.40% [1] - The net profit attributable to shareholders was 121 million yuan, down 35.93% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 113 million yuan, reflecting a year-on-year decline of 37.92% [1] - Basic earnings per share stood at 0.19 yuan [1]

2025年1-6月非经营性资金占用及其他关联资金往来情况汇总表 法定代表人：陈金岳 主管会计工作负责人：周齐良 会计机构负责人：张娇娜 金额单位：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 1-6 月占用 累计发生金额(不含 利息) 2025 年 1-6 月 占用资金的利 息(如有) 2025 年 1-6 月偿 还累计发生金额 2025 年 6 月 30 日占用资金余 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 - - - - - 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 年期初占用 资金余额 2025 年 1-6 月占用 累计发生金额(不含 利息) 202 ...

Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Audit Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, including the financial statements - The company's Board of Directors, Audit Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[3](index=3&type=chunk) - The company's responsible person, head of accounting, and head of accounting department declare to guarantee the truthfulness, accuracy, and completeness of the financial report[3](index=3&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section outlines the eight main chapters of the semi-annual report, covering various aspects of the company's operations - The report's table of contents clearly lists eight main chapters, covering various aspects of the company's operations[6](index=6&type=chunk) [List of Reference Documents](index=4&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) Reference documents include signed and sealed financial statements, original copies of all publicly disclosed company documents, and other relevant materials - Reference documents include signed and sealed financial statements, original copies of publicly disclosed documents, and other relevant materials[8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines and explains key terms such as company name, controlling shareholder, subsidiaries, laws, regulations, and reporting period to ensure accurate understanding of the report content - The report clearly defines key terms such as the company, controlling shareholder, subsidiaries, laws and regulations, and the reporting period[11](index=11&type=chunk) Company Profile and Key Financial Indicators [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Ningbo Baosi Energy Equipment Co., Ltd. (stock code: 300441) is listed on the Shenzhen Stock Exchange, with Chen Jinyue as its legal representative - The company's stock abbreviation is **"Baosi Shares,"** stock code **"300441,"** listed on the Shenzhen Stock Exchange[13](index=13&type=chunk) - The company's legal representative is Chen Jinyue[13](index=13&type=chunk) [Contact Persons and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details, including address, phone, fax, and email, for the company's Board Secretary Xu Bin and Securities Affairs Representative Xia Jieqiong - The Board Secretary is Xu Bin, and the Securities Affairs Representative is Xia Jieqiong, both with the contact address at No. 18 Shangqiao Road, Xiwu Street, Fenghua District, Ningbo City, Zhejiang Province[14](index=14&type=chunk) [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, there were no changes in the company's contact information, information disclosure, document storage locations, or registration details, as further detailed in the 2024 annual report - The company's registered address, office address, website, email, and other contact information remained unchanged during the reporting period[15](index=15&type=chunk) - Information disclosure and document storage locations remained unchanged during the reporting period[16](index=16&type=chunk) - The company's registration status remained unchanged during the reporting period[17](index=17&type=chunk)[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In the first half of 2025, the company experienced significant year-on-year declines in operating revenue and net profit, while net cash flow from operating activities substantially increased, and total assets and net assets attributable to shareholders slightly decreased Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (RMB) | Prior Year Period (RMB) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 810,447,436.86 | 1,337,348,849.88 | -39.40% | | Net Profit Attributable to Shareholders of Listed Company | 120,745,205.76 | 188,453,090.65 | -35.93% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | 113,444,003.61 | 182,724,625.75 | -37.92% | | Net Cash Flow from Operating Activities | 184,725,074.28 | 705,713.81 | 26,075.64% | | Basic Earnings Per Share (RMB/share) | 0.19 | 0.29 | -34.48% | | Diluted Earnings Per Share (RMB/share) | 0.19 | 0.29 | -34.48% | | Weighted Average Return on Net Assets | 4.83% | 8.56% | -3.73% | | **Period-end Indicators** | **End of Current Period (RMB)** | **End of Prior Year (RMB)** | **Change from Prior Year-end (%)** | | Total Assets | 3,394,928,398.32 | 3,544,647,708.99 | -4.22% | | Net Assets Attributable to Shareholders of Listed Company | 2,429,692,647.89 | 2,502,271,230.87 | -2.90% | [Differences in Accounting Data Under Domestic and International Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) The company reported no differences in net profit and net assets between international or overseas accounting standards and Chinese accounting standards during the reporting period - The company reported no differences in net profit and net assets 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 and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) During the reporting period, the company's total non-recurring gains and losses amounted to **RMB 7,301,202.15**, primarily influenced by government subsidies and non-current asset disposal gains/losses Non-recurring Gains and Losses for H1 2025 | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -1,700,492.55 | | Government Subsidies Recognized in Current Period P&L | 8,520,017.33 | | Fund Occupancy Fees Received from Non-financial Enterprises Recognized in Current Period P&L | 48,000.00 | | Reversal of Impairment Provisions for Accounts Receivable Subject to Separate Impairment Testing | 35,388.50 | | Other Non-operating Income and Expenses Apart from the Above | -124,951.74 | | Other Profit/Loss Items Meeting the Definition of Non-recurring Gains and Losses | 199,774.78 | | Less: Income Tax Impact | -690,412.42 | | Minority Interest Impact (After Tax) | 366,946.59 | | **Total** | **7,301,202.15** | - The company does not classify non-recurring gains and losses as recurring gains and losses[25](index=25&type=chunk) Management Discussion and Analysis [Main Businesses Engaged in by the Company During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company focuses on R&D and manufacturing of high-end fluid machinery components and complete sets of equipment, primarily in compressors, vacuum pumps, and hydraulic pumps, with operating revenue and net profit declining due to macroeconomic factors and subsidiary disposal - The company's main business involves the R&D and manufacturing of high-end fluid machinery components and complete sets of equipment, including compressors, vacuum pumps, and hydraulic pumps[27](index=27&type=chunk)[33](index=33&type=chunk) - The company's products are industrial general-purpose equipment, with demand highly correlated to macroeconomic performance[27](index=27&type=chunk) [Industry Overview During the Reporting Period](index=9&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) The compressor, vacuum pump, and hydraulic pump industries benefit from manufacturing upgrades and emerging industries, offering broad market prospects despite intense competition, with the company maintaining strong technical capabilities and market positions - The screw air compressor market is maturing, with improved domestic technology and intense competition, but high-quality demand is steadily increasing[28](index=28&type=chunk) - The vacuum pump market continues to grow, driven by emerging industries such as semiconductors, photovoltaics, and lithium batteries, with enhanced competitiveness of domestic enterprises[29](index=29&type=chunk) - The hydraulic pump market benefits from high-end equipment manufacturing and large-scale equipment upgrades, with domestic technology continuously narrowing the gap with international standards[31](index=31&type=chunk) [Company's Main Businesses and Products](index=10&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%AC%E5%8F%B8%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E5%8F%8A%E4%BA%A7%E5%93%81) The company's main products include screw compressor mainframes, blowers, air compressors, various vacuum pumps, and hydraulic pumps, widely used in mechanical manufacturing, petrochemicals, food, photovoltaics, and lithium battery industries - The company's products cover screw compressors, vacuum pumps, and hydraulic pumps three major categories, offering mainframes, complete machines, and servo systems[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) - Screw compressor mainframe products feature high precision, high efficiency, energy saving, and low noise, applied in core components[34](index=34&type=chunk) - The vacuum pump product series covers screw, rotary vane, scroll, and Roots types, meeting diverse demands in photovoltaics, lithium batteries, home appliances, and chemicals[36](index=36&type=chunk)[37](index=37&type=chunk) - Hydraulic pump products include vane pumps, internal gear pumps, and hydraulic servo systems, offering stable performance, long lifespan, and energy efficiency, applied in construction machinery, ships, and machine tools[37](index=37&type=chunk) [Company's Main Business Model](index=13&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E5%85%AC%E5%8F%B8%E7%9A%84%E4%B8%BB%E8%90%A5%E6%A8%A1%E5%BC%8F) The company adopts a "procurement on demand" purchasing model, a "stock production + order production" manufacturing model, and a "direct sales primarily, distribution secondarily" sales model to meet market demands and optimize operational efficiency - Procurement Model: Procurement on demand, based on production plans and order requirements, combined with inventory dynamics, adhering to the principle of "quality first, price priority"[38](index=38&type=chunk) - Production Model: Stock production for standard parts, order production for customized equipment, ensuring response speed and precise alignment with customer needs[39](index=39&type=chunk) - Sales Model: Compressor mainframes, vacuum pumps, and hydraulic pumps primarily use direct sales; complete compressor units primarily use distribution[40](index=40&type=chunk) [Company's Operating Performance](index=14&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%E5%85%AC%E5%8F%B8%E7%9A%84%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) During the reporting period, the company's operating revenue decreased by **39.40%** year-on-year, and net profit attributable to shareholders decreased by **35.93%**, mainly due to macroeconomic impacts and changes in the consolidation scope from the disposal of Arno Precision Operating Performance of Business Segments for January-June 2025 | Business Segment | Operating Revenue (million RMB) | Proportion of Operating Revenue | Year-on-year Change in Operating Revenue | Gross Margin | Year-on-year Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | | Compressor Business | 484.75 | 59.81% | -1.08% | 27.02% | -0.54% | | Vacuum Pump Business | 202.71 | 25.01% | -32.78% | 39.37% | -3.82% | | Hydraulic Pump Business | 118.39 | 14.61% | -12.97% | 30.87% | -1.90% | | Other | 4.59 | 0.57% | 100% | 16.72% | - | - Excluding the disposal of Arno Precision, the company's consolidated operating revenue decreased by approximately **12.63%** year-on-year, and net profit attributable to shareholders decreased by approximately **24.71%** year-on-year[43](index=43&type=chunk) - Due to cyclical fluctuations in the photovoltaic industry, revenue from vacuum pump-related products significantly decreased, leading to a decline in overall gross margin[45](index=45&type=chunk) [Analysis of Core Competencies](index=14&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies lie in product positioning, manufacturing capabilities, technological R&D, and brand reputation, continuously strengthening its market position through import substitution, energy saving, advanced manufacturing, R&D investment, and comprehensive quality control - The company's product strategy focuses on **"import substitution and energy saving and emission reduction,"** aligning with national policies[46](index=46&type=chunk) - The company possesses an industry-leading manufacturing system, equipped with internationally advanced equipment and a professional team, implementing refined management and control[48](index=48&type=chunk) - The company maintains continuous and stable R&D investment, establishing a complete R&D system covering basic research, application development, and industrialization[49](index=49&type=chunk) - The company earns market trust through excellent quality and comprehensive pre-sales and after-sales services, with its screw compressor mainframe recognized as a national manufacturing single champion product[50](index=50&type=chunk) [Analysis of Main Business](index=15&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business was significantly impacted by macroeconomic factors and the disposal of Arno Precision, leading to substantial year-on-year declines in operating revenue and costs, with selling, administrative, and R&D expenses also decreasing due to changes in consolidation scope, and financial expenses notably falling due to reduced bank loans Year-on-year Changes in Key Financial Data | Indicator | Current Period (RMB) | Prior Year Period (RMB) | Year-on-year Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 810,447,436.86 | 1,337,348,849.88 | -39.40% | Macroeconomic impact and Arno Precision not included in consolidation scope | | Operating Cost | 562,367,232.10 | 865,906,701.16 | -35.05% | Macroeconomic impact and Arno Precision not included in consolidation scope | | Selling Expenses | 26,264,318.96 | 57,497,878.29 | -54.32% | Arno Precision not included in consolidation scope | | Administrative Expenses | 39,695,768.44 | 71,175,912.07 | -44.23% | Arno Precision not included in consolidation scope | | Financial Expenses | -440,787.46 | 9,259,081.46 | -104.76% | Decrease in parent company bank loans and Arno Precision not included in consolidation scope | | Income Tax Expense | 18,653,705.97 | 27,692,746.54 | -32.64% | Decrease in parent company profit and Arno Precision not included in consolidation scope | | R&D Investment | 33,212,825.51 | 66,150,454.17 | -49.79% | Arno Precision not included in consolidation scope | | Net Cash Flow from Operating Activities | 184,725,074.28 | 705,713.81 | 26,075.64% | Increase in collection of accounts receivable and increase in proceeds from discounted bank acceptance bills | | Net Cash Flow from Investing Activities | -310,468,006.87 | -193,591,622.96 | -60.37% | Construction of industrial base, increase in acquisition of fixed assets | | Net Cash Flow from Financing Activities | -151,978,740.65 | 157,478,332.60 | -196.51% | Decrease in parent company bank borrowings and increase in cash dividends | | Net Increase in Cash and Cash Equivalents | -277,381,294.17 | -34,882,480.78 | -695.19% | Increase in payments for investing and financing activities | - The company completed the disposal of Arno Precision in July 2024, and the current period's profit does not include its operations[56](index=56&type=chunk) Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Margin (%) | Year-on-year Change in Operating Revenue (%) | Year-on-year Change in Operating Cost (%) | Year-on-year Change in Gross Margin (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Compressor Products and Related Businesses | 484,754,689.10 | 353,787,939.74 | 27.02% | -1.08% | -0.33% | -0.54% | | Vacuum Pump Products and Related Businesses | 202,712,094.36 | 122,911,400.66 | 39.37% | -32.78% | -28.26% | -3.82% | | Hydraulic Pump and Related Businesses | 118,389,747.45 | 81,844,578.03 | 30.87% | -12.97% | -10.51% | -1.90% | [Analysis of Non-Core Businesses](index=17&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's non-core businesses had a minor impact on total profit, primarily comprising non-sustainable gains and losses from investment income, asset impairment, and non-operating income and expenses Impact of Non-Core Businesses on Total Profit | Item | Amount (RMB) | Proportion of Total Profit (%) | Explanation of Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | -431,124.87 | -0.29% | Disposal of accounts receivable financing | No | | Asset Impairment | -10,958,717.07 | -7.41% | Provision for inventory impairment | No | | Non-operating Income | 229,378.47 | 0.16% | Receipt of compensation, etc. | No | | Non-operating Expenses | 354,330.21 | 0.24% | Donations and payment of compensation, etc. | No | [Analysis of Assets and Liabilities](index=17&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, the company's total assets and net assets attributable to shareholders both decreased, with a reduction in cash and cash equivalents but increases in inventories, fixed assets, construction in progress, and long-term borrowings, reflecting investments in industrial base construction Significant Changes in Asset Composition | Item | Amount at End of Current Period (RMB) | Proportion of Total Assets (%) | Amount at Prior Year-end (RMB) | Proportion of Total Assets (%) | Change in Proportion (%) | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 210,779,107.15 | 6.21% | 490,224,706.87 | 13.83% | -7.62% | Increase in investment in plant and equipment | | Accounts Receivable | 362,414,057.86 | 10.68% | 490,517,536.21 | 13.84% | -3.16% | - | | Inventories | 873,788,521.15 | 25.74% | 777,547,510.06 | 21.94% | 3.80% | - | | Fixed Assets | 727,032,271.00 | 21.42% | 713,142,573.55 | 20.12% | 1.30% | - | | Construction in Progress | 278,492,520.30 | 8.20% | 231,253,447.29 | 6.52% | 1.68% | - | | Long-term Borrowings | 84,585,451.10 | 2.49% | 53,586,189.10 | 1.51% | 0.98% | - | - At the end of the period, the company's financial assets measured at fair value amounted to **RMB 7,500,000.00**, with no financial liabilities[64](index=64&type=chunk)[65](index=65&type=chunk) Asset Rights Restricted as of the End of the Reporting Period | Item | Book Balance (RMB) | Book Value (RMB) | Restriction Type | Restriction Details | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 7,137,398.83 | 7,137,398.83 | Frozen | Deposit | | Fixed Assets | 163,343,656.38 | 90,690,047.31 | Mortgage | Loan Mortgage | | Intangible Assets | 80,996,612.30 | 64,438,145.12 | Mortgage | Loan Mortgage | | Total | 251,477,667.51 | 162,265,591.26 | - | - | [Analysis of Investment Status](index=18&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company had no significant equity investments, non-equity investments, use of raised funds, entrusted wealth management, derivative investments, or entrusted loans - The company had no use of raised funds during the reporting period[68](index=68&type=chunk) - The company had no entrusted wealth management, derivative investments, or entrusted loans during the reporting period[69](index=69&type=chunk)[70](index=70&type=chunk)[71](index=71&type=chunk) [Disposal of Significant Assets and Equity](index=19&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) 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[72](index=72&type=chunk) - The company did not dispose of any significant equity during the reporting period[73](index=73&type=chunk) [Analysis of Major Holding and Participating Companies](index=20&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) This section presents financial data for the company's major subsidiaries, Ningbo Weikesi Hydraulic Co., Ltd. and Jiangxi Baosi Industrial Chain Service Co., Ltd., with Weikesi Hydraulic significantly impacting the company's net profit Major Subsidiaries and Participating Companies with Over 10% Impact on Company's Net Profit | Company Name | Company Type | Main Business | Registered Capital (RMB) | Total Assets (RMB) | Net Assets (RMB) | Operating Revenue (RMB) | Operating Profit (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Ningbo Weikesi Hydraulic Co., Ltd. | Subsidiary | Manufacturing and processing of hydraulic pumps, hydraulic valves, hydraulic components, servo systems | 8,541,000.00 | 445,898,542.04 | 230,694,580.08 | 118,389,747.45 | 20,925,046.59 | 18,424,278.57 | | Jiangxi Baosi Industrial Chain Service Co., Ltd. | Subsidiary | Supply chain management services, engineering and technical research and experimental development, industrial design services, technical services, technical development, technical consulting, technical exchange, technology transfer, technology promotion, ferrous metal casting, metal structure manufacturing, gas compression machinery manufacturing, pump and vacuum equipment manufacturing | 500,000,000.00 | 389,545,804.05 | 386,108,853.68 | - | 3,762,514.53 | 3,762,514.53 | - The company had no acquisitions or disposals of subsidiaries during the reporting period[75](index=75&type=chunk) [Information on Structured Entities Controlled by the Company](index=20&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company had no structured entities under its control during the reporting period - The company had no structured entities under its control during the reporting period[76](index=76&type=chunk) [Risks Faced by the Company and Countermeasures](index=21&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces risks from industry fluctuations, intensified market competition, management and control failures, and slow product iteration, which it addresses by increasing R&D investment, expanding capacity, optimizing management, and strengthening technological innovation and market layout - The company faces risks from industry development fluctuations and will respond by increasing R&D investment, expanding production capacity, extending the industrial chain, and enhancing manufacturing and management levels[77](index=77&type=chunk) - The company faces risks from intensified market competition and will adhere to its **"import substitution and energy saving and emission reduction"** positioning, accelerate international market expansion, continuously increase R&D investment, and innovate sales models[78](index=78&type=chunk) - The company faces risks of management and control failures and will optimize internal control systems and processes, improve organizational operational efficiency, and strengthen company-wide risk management awareness[79](index=79&type=chunk) - The company faces risks of slow product iteration and will continuously increase R&D investment, introduce and cultivate technical talents, deepen industry-university-research cooperation, and optimize its R&D system[80](index=80&type=chunk) [Registration Form for Investor Relations Activities During the Reporting Period](index=21&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) During the reporting period, the company engaged with multiple investors, including institutions and individuals, through online platforms, on-site visits, and phone calls, primarily discussing the company's operating performance - The company in the reporting period hosted multiple groups of investors through the Panorama Network investor relations interactive platform, on-site visits, and phone calls[81](index=81&type=chunk)[83](index=83&type=chunk) - The recipients included institutions and individuals, with discussions primarily focusing on the company's operating performance[81](index=81&type=chunk)[83](index=83&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=22&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has formulated and approved a "Market Value Management System" to regulate market value management and protect investor rights, with implementation to follow; however, no valuation enhancement plan has been disclosed - The company has formulated the **"Market Value Management System,"** which was reviewed and approved at the eighteenth meeting of the fifth Board of Directors on March 27, 2025[86](index=86&type=chunk) - This system aims to regulate market value management behavior and protect the legitimate rights and interests of the company, investors, and other stakeholders[86](index=86&type=chunk) - The company has not disclosed a valuation enhancement plan[85](index=85&type=chunk) [Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=22&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%22%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%22%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company did not disclose any "Dual Improvement in Quality and Returns" action plan announcement during the reporting period - The company did not disclose any "Dual Improvement in Quality and Returns" action plan announcement during the reporting period[88](index=88&type=chunk) Corporate Governance, Environment, and Society [Changes in Directors, Supervisors, and Senior Management](index=22&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company experienced multiple changes in its directors, supervisors, and senior management, including the resignation of Lou Junjie as director and deputy general manager, Xia Bo's resignation as chairman of the supervisory board and election as employee representative director, and the resignations of Wang Xiuguang and Wu Jiangwei as supervisors Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Lou Junjie | Director, Deputy General Manager | Resignation | 2025年01月09日 | Personal reasons | | Xia Bo | Chairman of the Supervisory Board | Resignation | 2025年05月13日 | Supervisory board reform | | Xia Bo | Employee Representative Director | Elected | 2025年05月20日 | Board of Directors reform | | Wang Xiuguang | Supervisor | Resignation | 2025年05月13日 | Supervisory board reform | | Wu Jiangwei | Employee Representative Supervisor | Resignation | 2025年05月13日 | Supervisory board reform | [Profit Distribution and Capital Reserve Conversion to Share Capital for the Current Reporting Period](index=23&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company 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[90](index=90&type=chunk) [Implementation of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=23&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[91](index=91&type=chunk) [Environmental Information Disclosure](index=24&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and its main subsidiary, Ningbo Baosi Energy Equipment Co., Ltd., are included in the list of enterprises required to disclose environmental information by law, and have publicly disclosed their environmental data - The company and its main subsidiary Ningbo Baosi Energy Equipment Co., Ltd. are included in the list of enterprises required to disclose environmental information by law[92](index=92&type=chunk) - The company's environmental information disclosure report can be accessed on the website of the Zhejiang Provincial Department of Ecology and Environment[92](index=92&type=chunk) [Social Responsibility](index=24&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) Adhering to its core values, the company continuously strives for legal and compliant operations, green initiatives, employee welfare, and social responsibility, aiming to achieve a balance between economic and social benefits - The company upholds the core values of **"truth, goodness, and beauty,"** striving to become a trusted "corporate citizen"[93](index=93&type=chunk) - The company strictly adheres to laws and regulations, ensuring legal and compliant business operations, and has established a compliance management system and investor relations management mechanism[94](index=94&type=chunk) - With the mission of **"making the sky bluer,"** the company integrates green development concepts throughout technology R&D, production operations, and product lifecycle management, promoting energy saving, emission reduction, and new energy applications[95](index=95&type=chunk) - The company adheres to the core philosophy that **"talent is the primary resource,"** safeguarding employee rights, providing dual career development paths, and focusing on employee physical and mental health[96](index=96&type=chunk) - The company gives back to society by optimizing profit distribution mechanisms, combining stable dividends with share repurchases, achieving a virtuous cycle of shareholder value and corporate development[97](index=97&type=chunk) Significant Matters [Commitments Fulfilled and Overdue Unfulfilled by Controlling Shareholder, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=26&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) During the reporting period, there were no commitments fulfilled or overdue unfulfilled by the company's controlling shareholder, shareholders, related parties, acquirers, or the company - The company reported no commitments fulfilled or overdue unfulfilled by relevant parties during the reporting period[100](index=100&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholder and Other Related Parties](index=26&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) During the reporting period, there was no non-operating occupation of listed company funds by the controlling shareholder or other related parties - The company reported no non-operating fund occupation by the controlling shareholder or other related parties during the reporting period[101](index=101&type=chunk) [Irregular External Guarantees](index=26&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[102](index=102&type=chunk) [Appointment and Dismissal of Accounting Firms](index=26&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[103](index=103&type=chunk) [Board of Directors and Audit Committee's Explanation of "Non-Standard Audit Report" for the Current Period](index=26&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E5%AE%A1%E8%AE%A1%E5%A7%94%E5%91%98%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) The company had no non-standard audit report during the reporting period - The company had no non-standard audit report during the reporting period[104](index=104&type=chunk) [Board of Directors' Explanation of "Non-Standard Audit Report" for the Prior Year](index=26&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) The company had no explanation regarding a non-standard audit report for the prior year during the reporting period - The company had no explanation regarding a non-standard audit report for the prior year during the reporting period[104](index=104&type=chunk) [Bankruptcy and Reorganization Matters](index=26&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy and reorganization matters during the reporting period - The company had no bankruptcy and reorganization matters during the reporting period[104](index=104&type=chunk) [Litigation Matters](index=27&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company had no significant litigation or arbitration matters during the reporting period, with two other ongoing lawsuits involving **RMB 1.84 million** that are not expected to have a material impact - The company had no significant litigation or arbitration matters during the reporting period[105](index=105&type=chunk) Other Litigation Matters | Basic Information on Litigation (Arbitration) | Amount Involved (million RMB) | Whether a Provision for Liabilities is Formed | Litigation (Arbitration) Progress | Litigation (Arbitration) Outcome and Impact | Litigation (Arbitration) Judgment Enforcement | | :--- | :--- | :--- | :--- | :--- | :--- | | 2 other lawsuits not meeting the disclosure threshold for significant litigation (company as plaintiff) | 1.84 | No | 2 cases are under trial | No significant impact on the company | 2 cases are under trial | [Penalties and Rectification](index=27&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company had no penalties or rectification matters during the reporting period - The company had no penalties or rectification matters during the reporting period[107](index=107&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=27&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) The company reported no issues regarding the integrity status of itself, its controlling shareholder, or its actual controller during the reporting period - The company reported no issues regarding the integrity status of itself, its controlling shareholder, or its actual controller during the reporting period[108](index=108&type=chunk) [Significant Related Party Transactions](index=27&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company had no related party transactions concerning daily operations, asset/equity acquisition/disposal, joint external investments, or related party receivables/payables during the reporting period, but its controlling shareholder and actual controller provided interest-free guarantees for the company's and its subsidiaries' bank credit lines - The company had no related party transactions related to daily operations, asset or equity acquisition/disposal, joint external investments, or related party receivables/payables during the reporting period[108](index=108&type=chunk)[109](index=109&type=chunk)[111](index=111&type=chunk)[112](index=112&type=chunk) - The company's controlling shareholder, Yinuo Baosi Group Co., Ltd., actual controller Chen Jinyue, and his spouse Zhou Lina provided interest-free guarantees for the company's bank credit applications[115](index=115&type=chunk) - The company's former supervisor Wang Xiuguang provided interest-free guarantees for the bank credit applications of the controlling subsidiary Weikesi Hydraulic[115](index=115&type=chunk) [Significant Contracts and Their Performance](index=28&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company had no entrusted management, contracting, or leasing matters, no significant guarantees, and no other significant contracts disclosed during the reporting period - The company had no entrusted management, contracting, or leasing situations during the reporting period[117](index=117&type=chunk)[118](index=118&type=chunk)[119](index=119&type=chunk) - The company had no significant guarantees during the reporting period[120](index=120&type=chunk) - The company had no other significant contracts during the reporting period[123](index=123&type=chunk) [Explanation of Other Significant Matters](index=29&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) 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[124](index=124&type=chunk) [Significant Matters of Company Subsidiaries](index=29&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) The company had no significant matters concerning its subsidiaries during the reporting period - The company had no significant matters concerning its subsidiaries during the reporting period[125](index=125&type=chunk) Share Changes and Shareholder Information [Share Change Information](index=30&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total shares remained unchanged, but restricted shares increased by **410,075 shares** due to the resignation of former supervisor Xia Bo, with unrestricted shares decreasing accordingly Share Change Information | Share Class | Quantity Before Change (shares) | Proportion Before Change (%) | Net Change (Increase/Decrease) (shares) | Quantity After Change (shares) | Proportion After Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 17,456,632 | 2.71% | 410,075 | 17,866,707 | 2.77% | | Of which: Shares held by domestic natural persons | 17,456,632 | 2.71% | 410,075 | 17,866,707 | 2.77% | | II. Unrestricted Shares | 626,959,236 | 97.29% | -410,075 | 626,549,161 | 97.23% | | Of which: RMB Ordinary Shares | 626,959,236 | 97.29% | -410,075 | 626,549,161 | 97.23% | | III. Total Shares | 644,415,868 | 100.00% | 0 | 644,415,868 | 100.00% | - The main reason for share changes was the resignation of former supervisor Xia Bo, whose shares were locked as per regulations, leading to an increase in restricted shares and a decrease in unrestricted shares[129](index=129&type=chunk) [Share Change Information](index=30&type=section&id=1%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total shares remained unchanged, but due to the resignation of former supervisor Xia Bo, **410,075 shares** held by him were locked, leading to an increase in restricted shares and a corresponding decrease in unrestricted shares - Former supervisor Xia Bo resigned due to supervisory board reform, and his **410,075 shares** were locked, leading to an increase in restricted shares and a decrease in unrestricted shares[129](index=129&type=chunk) [Changes in Restricted Shares](index=31&type=section&id=2%E3%80%81%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) At the end of the reporting period, Xia Bo's restricted shares increased to **1,640,300 shares** due to his resignation as supervisor, while the restricted shares of other senior executives like Chen Jinyue, Chen Likun, and Zhou Qiliang remained unchanged Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Restricted Shares Increased During Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | Planned Date for Lifting Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Xia Bo | 1,230,225 | 410,075 | 1,640,300 | Supervisor resignation lock-up | 6 months after supervisor's resignation | | Chen Jinyue | 6,694,507 | 0 | 6,694,507 | Senior executive lock-up shares | First trading day of each year | | Chen Likun | 6,456,375 | 0 | 6,456,375 | Senior executive lock-up shares | First trading day of each year | | Zhou Qiliang | 3,075,525 | 0 | 3,075,525 | Senior executive lock-up shares | First trading day of each year | | Total | 17,456,632 | 410,075 | 17,866,707 | - | - | [Securities Issuance and Listing](index=32&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company had no securities issuance or listing during the reporting period - The company had no securities issuance or listing during the reporting period[132](index=132&type=chunk) [Number of Shareholders and Shareholding Information](index=32&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) At the end of the reporting period, the total number of ordinary shareholders was **36,237**. The controlling shareholder, Yinuo Baosi Group Co., Ltd., held **45.72%** of shares and pledged a portion of them, with Chen Jinyue and Chen Likun being father and son among the top ten shareholders - The total number of ordinary shareholders at the end of the reporting period was **36,237**[133](index=133&type=chunk) Shareholding Information of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Type | Shareholding Percentage (%) | Shares Held at Period End (shares) | Change During Reporting Period (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | Share Status | Pledged Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Yinuo Baosi Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 45.72% | 294,656,043 | -6,444,000 | 0 | 294,656,043 | Pledged | 183,800,000 | | Chen Jinyue | Domestic Natural Person | 1.39% | 8,926,010 | 0 | 6,694,507 | 2,231,503 | N/A | 0 | | Chen Likun | Domestic Natural Person | 1.34% | 8,608,500 | 0 | 6,456,375 | 2,152,125 | N/A | 0 | | Wang Xuejuan | Domestic Natural Person | 0.77% | 4,939,720 | -15,000 | 0 | 4,939,720 | N/A | 0 | | Zhou Qiliang | Domestic Natural Person | 0.64% | 4,100,700 | 0 | 3,075,525 | 1,025,175 | N/A | 0 | | Wu Xinghua | Domestic Natural Person | 0.37% | 2,392,788 | -54,212 | 0 | 2,392,788 | N/A | 0 | | Ke Yashi | Domestic Natural Person | 0.35% | 2,268,460 | 43,400 | 0 | 2,268,460 | N/A | 0 | | China Construction Bank Corporation - Fullgoal CSI Value ETF | Other | 0.27% | 1,726,100 | -519,400 | 0 | 1,726,100 | N/A | 0 | | Li Zhankun | Domestic Natural Person | 0.26% | 1,700,000 | 1,700,000 | 0 | 1,700,000 | N/A | 0 | | Xia Bo | Domestic Natural Person | 0.25% | 1,640,300 | 0 | 1,640,300 | 0 | N/A | 0 | - The actual controller of the controlling shareholder, Yinuo Baosi Group Co., Ltd., is Chen Jinyue, and Chen Jinyue and shareholder Chen Likun are father and son[134](index=134&type=chunk) [Changes in Shareholdings of Directors and Senior Management](index=34&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) The shareholdings of the company's directors and senior management remained unchanged during the reporting period, as detailed in the 2024 annual report - The shareholdings of the company's directors and senior management remained unchanged during the reporting period[136](index=136&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=34&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[137](index=137&type=chunk) - The company's actual controller remained unchanged during the reporting period[138](index=138&type=chunk) [Preferred Share Information](index=35&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[139](index=139&type=chunk) Bond-Related Information [Bond-Related Information](index=36&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[141](index=141&type=chunk) Financial Report [Audit Report](index=37&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[143](index=143&type=chunk) [Financial Statements](index=37&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) 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 the first half of 2025, comprehensively presenting its financial position, operating results, and cash flows - The consolidated balance sheet shows total assets at period-end were **RMB 3,394,928,398.32**, a **4.22%** decrease from the beginning of the period[146](index=146&type=chunk)[19](index=19&type=chunk) - The consolidated income statement shows current period operating revenue was **RMB 810,447,436.86**, and net profit was **RMB 129,239,962.54**, both decreasing year-on-year[150](index=150&type=chunk)[151](index=151&type=chunk) - The consolidated cash flow statement shows net cash flow from operating activities was **RMB 184,725,074.28**, a significant year-on-year increase[159](index=159&type=chunk) [Company Basic Information](index=55&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Ningbo Baosi Energy Equipment Co., Ltd. was established on December 30, 2010, listed on the Shenzhen Stock Exchange on April 23, 2015, with a registered capital of **RMB 644,415,868.00**, primarily engaged in the manufacturing of compressors, vacuum pumps, and hydraulic pumps within the machinery manufacturing industry - The company was established on December 30, 2010, and listed on the Shenzhen Stock Exchange on April 23, 2015[175](index=175&type=chunk) - The company's registered capital is **RMB 644,415,868.00**, with a total share capital of **644,415,868 shares**[175](index=175&type=chunk) - The company's main business is the manufacturing of compressors, vacuum pumps, and hydraulic pumps, belonging to the machinery manufacturing industry[176](index=176&type=chunk) [Basis of Financial Statement Preparation](index=56&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The company prepares its financial statements on a going concern basis, in accordance with enterprise accounting standards and relevant regulations of the China Securities Regulatory Commission, with no significant doubts about the going concern assumption - The company prepares its financial statements on a going concern basis, in accordance with enterprise accounting standards and regulations of the China Securities Regulatory Commission[178](index=178&type=chunk) - There are no matters or circumstances that cause significant doubt about the company's ability to continue as a going concern for 12 months from the end of the reporting period[179](index=179&type=chunk) [Significant Accounting Policies and Estimates](index=56&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's specific accounting policies and estimates for business combinations, financial instruments, revenue recognition, inventories, fixed assets, intangible assets, employee compensation, and government grants, along with explanations of significant accounting judgments and estimates - The company classifies financial assets based on its business model for managing financial assets and the contractual cash flow characteristics, into those measured at amortized cost, at fair value through other comprehensive income, and at fair value through profit or loss[209](index=209&type=chunk) - The company uses the transfer of control as the criterion for revenue recognition, recognizing revenue when the customer obtains control of the related goods[326](index=326&type=chunk) - The company measures inventories at the lower of cost and net realizable value, and makes provisions for inventory impairment[254](index=254&type=chunk) - The company depreciates fixed assets using the straight-line method and amortizes intangible assets based on their useful lives[288](index=288&type=chunk)[298](index=298&type=chunk) - The company adopts the gross method for government grants, recognizing asset-related grants as deferred income and income-related grants in current profit or loss[342](index=342&type=chunk) [Taxation](index=90&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) This section details the company's and its subsidiaries' main tax types and rates, including VAT, urban maintenance and construction tax, and corporate income tax, along with disclosures of tax incentives such as high-tech enterprise income tax benefits, one-time deduction for equipment, R&D expense super deduction, and advanced manufacturing VAT credit Main Tax Types and Rates | Tax Type | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Value-added amount generated during the sale of goods or provision of taxable services | 6%, 13% (Export product tax refund rate 13%) | | Urban Maintenance and Construction Tax | Actual amount of turnover tax paid | 7%, 5% | | Corporate Income Tax | Taxable income | 25% (High-tech enterprises 15%, small low-profit enterprises 20%) | | Education Surcharge | Actual amount of turnover tax paid | 3% | | Local Education Surcharge | Actual amount of turnover tax paid | 2% | | Urban Land Use Tax | Levied based on the actual land area occupied by the taxpayer | RMB 10/sqm/year, RMB 6/sqm/year, RMB 5/sqm/year, RMB 4/sqm/year | | Property Tax | Levied at 1.2% of the remaining value after a one-time deduction of 30% from the original value of the property; levied at 12% of rental income for rental properties | 1.2%, 12% | - The company and some subsidiaries enjoy a **15%** corporate income tax preferential rate as high-tech enterprises[375](index=375&type=chunk)[376](index=376&type=chunk) - The company benefits from tax incentives such as one-time deduction for equipment and instruments, **100%** super deduction for R&D expenses, and a **5%** VAT credit for advanced manufacturing enterprises[377](index=377&type=chunk)[378](index=378&type=chunk) [Notes to Consolidated Financial Statement Items](index=92&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section details the period-end balances, beginning balances, and current period changes for each item in the consolidated financial statements, including assets, liabilities, owners' equity, income, costs, and expenses, with explanations for significant changes Changes in Major Asset and Liability Items | Item | Ending Balance (RMB) | Beginning Balance (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 210,779,107.15 | 490,224,706.87 | -57.01% | | Notes Receivable | 53,290,107.53 | 18,406,281.36 | 189.52% | | Accounts Receivable | 362,414,057.86 | 490,517,536.21 | -26.12% | | Inventories | 873,788,521.15 | 777,547,510.06 | 12.38% | | Construction in Progress | 278,492,520.30 | 231,253,447.29 | 20.42% | | Short-term Borrowings | 81,978,787.91 | 74,909,378.41 | 9.44% | | Contract Liabilities | 213,659,177.35 | 248,762,160.80 | -14.11% | | Long-term Borrowings | 84,585,451.10 | 53,586,189.10 | 57.85% | Changes in Major Profit and Loss Items | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 810,447,436.86 | 1,337,348,849.88 | -39.40% | | Operating Cost | 562,367,232.10 | 865,906,701.16 | -35.05% | | Selling Expenses | 26,264,318.96 | 57,497,878.29 | -54.32% | | Administrative Expenses | 39,695,768.44 | 71,175,912.07 | -44.23% | | R&D Expenses | 33,212,825.51 | 66,150,454.17 | -49.79% | | Financial Expenses | -440,787.46 | 9,259,081.46 | -104.76% | | Net Profit | 129,239,962.54 | 223,171,596.40 | -42.09% | | Net Cash Flow from Operating Activities | 184,725,074.28 | 705,713.81 | 26075.64% | - The total amount of assets with restricted ownership or use rights at period-end was **RMB 251,477,667.51**, primarily due to the mortgage or freezing of cash and cash equivalents, fixed assets, and intangible assets[558](index=558&type=chunk) [R&D Expenditure](index=151&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) During the reporting period, the company's total R&D expenditure was **RMB 33,212,825.51**, all expensed, primarily allocated to employee compensation, direct materials, and depreciation and amortization Composition of R&D Expenditure | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Employee Compensation | 17,573,485.99 | 30,376,698.37 | | Direct Materials | 8,301,120.28 | 20,999,629.19 | | Depreciation and Amortization | 5,269,113.06 | 11,193,788.62 | | Other | 2,069,106.18 | 3,580,337.99 | | Total | 33,212,825.51 | 66,150,454.17 | | Of which: Expensed R&D Expenditure | 33,212,825.51 | 66,150,454.17 | - All R&D expenditure for the current period was expensed, with no R&D projects meeting capitalization criteria[681](index=681&type=chunk)[682](index=682&type=chunk) [Changes in Consolidation Scope](index=152&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) During the reporting period, the company's consolidation scope changed due to the deregistration of its wholly-owned subsidiary, Suzhou Baosi Intelligent Manufacturing Technology Co., Ltd., which was no longer included in the consolidated financial statements from May 27, 2025, with no non-same-control or same-control business combinations - Due to the deregistration of its wholly-owned subsidiary, Suzhou Baosi Intelligent Manufacturing Technology Co., Ltd., the company no longer included it in the consolidated financial statements from May 27, 2025[690](index=690&type=chunk) - There were no business combinations under non-common control or common control during the reporting period[685](index=685&type=chunk)[687](index=687&type=chunk) [Interests in Other Entities](index=155&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) This section discloses the company's interests in subsidiaries, joint ventures, and associates, including registered capital, operating locations, shareholding percentages, and key financial information for each subsidiary, and lists the minority interests of significant non-wholly-owned subsidiary Ningbo Weikesi Hydraulic Co., Ltd - The company has multiple subsidiaries, with business natures covering commodity sales, manufacturing, business services, and equity investments[692](index=692&type=chunk)[693](index=693&type=chunk) Significant Non-Wholly-Owned Subsidiaries | Subsidiary Name | Minority Shareholding Percentage | Profit/Loss Attributable to Minority Shareholders for the Period (RMB) | Dividends Declared to Minority Shareholders for the Period (RMB) | Minority Interest Balance at Period End (RMB) | | :--- | :--- | :--- | :--- | :--- | | Ningbo Weikesi Hydraulic Co., Ltd. | 49.00% | 9,027,896.50 | - | 113,587,744.26 | - The company's total book value of investments in associates was **RMB 53,137,052.59**, with a share of net profit of **RMB 126,448.59** for the current period[704](index=704&type=chunk) [Government Grants](index=161&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) During the reporting period, the company received **RMB 10,275,000.00** in government grants, recognized as deferred income, with **RMB 5,019,605.58** transferred to other income, primarily related to asset-related government grants Liability Items Involving Government Grants | Account Title | Beginning Balance (RMB) | New Subsidies Added During Period (RMB) | Amount Recognized as Non-operating Income During Period (RMB) | Amount Transferred to Other Income During Period (RMB) | Other Changes During Period (RMB) | Ending Balance (RMB) | Asset-related/Income-related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 47,707,633.48 | 10,275,000.00 | - | 5,019,605.58 | - | 52,963,027.90 | Asset-related government grants | - Government grants recognized in current profit or loss for the period amounted to **RMB 9,431,285.47**, recorded as other income[638](index=638&type=chunk)[708](index=708&type=chunk) [Risks Related to Financial Instruments](index=162&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces credit risk, market risk (including foreign exchange risk, interest rate risk, and other price risks), and liquidity risk, which it manages through diversified investments, credit assessment, monitoring exchange and interest rate changes, and cash flow forecasting - The company faces credit risk, market risk (foreign exchange risk, interest rate risk, other price risks), and liquidity risk[708](index=708&type=chunk)[710](index=710&type=chunk) - The company manages risks through diversified investments, credit assessment, monitoring exchange and interest rate changes, and cash flow forecasting[709](index=709&type=chunk)[711](index=711&type=chunk)[715](index=715&type=chunk)[729](index=729&type=chunk) - The company's asset-liability ratio at the end of the reporting period was **24.98%**, a decrease from **26.34%** at the end of the prior year[732](index=732&type=chunk) Maturity Analysis of Financial Liabilities and Off-Balance Sheet Guarantees by Undiscounted Remaining Contractual Cash Flows (Period-end) | Item | Within One Year (RMB) | One to Two Years (RMB) | Two to Three Years (RMB) | Over Three Years (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | | Short-term Borrowings | 55,945,970.56 | - | - | - | 55,945,970.56 | | Accounts Payable | 274,848,571.60 | - | - | - | 274,848,571.60 | | Other Payables | 1,504,112.98 | 277,415.38 | 6,613.02 | 2,191,227.15 | 3,979,368.53 | | Non-current Liabilities Due Within One Year | 1,157,403.58 | - | - | - | 1,157,403.58 | | Long-term Borrowings | - | - | - | 84,585,451.10 | 84,585,451.10 | | Lease Liabilities | - | 716,712.06 | - | - | 716,712.06 | | Total | 333,456,058.72 | 994,127.44 | 6,613.02 | 86,776,678.25 | 421,233,477.43 | [Disclosure of Fair Value](index=166&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) At period-end, the company's total assets measured at fair value amounted to **RMB 80,826,602.18**, primarily comprising financial assets held for trading (Level 3) and financing for accounts receivable (Level 2), with insignificant differences between the book value and fair value of financial assets and liabilities not measured at fair value Fair Value of Assets and Liabilities Measured at Fair Value at Period-end | Item | Level 1 Fair Value Measurement (RMB) | Level 2 Fair Value Measurement (RMB) | Level 3 Fair Value Measurement (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | :--- | | I. Recurring Fair Value Measurements | -- | -- | -- | -- | | (I) Financial Assets Held for Trading | - | - | 7,500,000.00 | 7,500,000.00 | | (2) Equity Instrument Investments | - | - | 7,500,000.00 | 7,500,000.00 | | (II) Financing for Accounts Receivable | - | 73,326,602.18 | - | 73,326,602.18 | | Total Assets Measured at Fair Value on a Recurring Basis | - | 73,326,602.18 | 7,500,000.00 | 80,826,602.18 | - The book value and fair value of financial assets and liabilities not measured at fair value have insignificant differences[740](index=740&type=chunk) [Related Parties and Related Party Transactions](index=168&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%B

宁波鲍斯能源装备股份有限公司 第五届董事会第二十一次会议决议公告 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 宁波鲍斯能源装备股份有限公司（以下简称"公司"）第五届董事会第二十一 次会议于 2025 年 8 月 22 日在公司会议室以现场表决和通讯表决相结合的方式召 开。会议通知于 2025 年 8 月 12 日以通讯的方式发出。本次会议由董事长陈金岳 先生主持，会议应出席董事 7 名，实际出席董事 7 名，公司高级管理人员列席了 本次会议。本次会议的召开符合《中华人民共和国公司法》及相关法律法规、规 范性文件和《公司章程》的相关规定，会议合法有效。 证券代码：300441 证券简称：鲍斯股份 公告编号：2025-040 特此公告。 （一）审议通过《公司 2025 年半年度报告及摘要》 《公司 2025 年半年度报告》及《公司 2025 年半年度报告摘要》符合《公司 法》、《证券法》等相关规定，报告内容真实、准确、完整地反映了公司 2025 年上半年的经营情况，不存在任何虚假记载、误导性陈述或者重大遗漏。详见同 日刊登于中国证监会指 ...

Overview - The air compressor industry in China has reached a mature stage with diverse brands and models, showing close production capabilities and quality compared to international brands, while offering higher cost-performance advantages [1][16] - The production of air compressors in China is expected to reach 78.68 million units in 2024, with a demand of 61.15 million units and a market size of 66.31 billion yuan, averaging about 1,084.3 yuan per unit [1][16] Industry Development - The air compressor industry has evolved through three stages: prior to 1999, mainly piston compressors were used; post-2000, the rapid growth of screw compressors occurred; and after 2011, market competition intensified with many small manufacturers [6] - The industry has seen a shift from Original Equipment Manufacturer (OEM) to Original Design Manufacturer (ODM) and some companies are transitioning to Original Brand Manufacturer (OBM) [4] Industry Chain - The upstream of the air compressor industry includes suppliers of metals like steel and aluminum, and components such as motors and valves, which significantly impact manufacturing costs and performance [8][10] - The downstream demand is primarily driven by the machinery sector, accounting for 42.36% of the market, followed by chemical and petrochemical industries [12] Current Market Situation - The global air compressor market is projected to reach USD 31.936 billion in 2024, with a year-on-year growth of 4.0% [14] - The domestic market is characterized by intense competition, with many local companies focusing on low-end products, leading to price wars and reduced profit margins [20] Competitive Landscape - The competitive landscape is divided into three tiers: international renowned companies like Atlas Copco and Ingersoll Rand, strong domestic companies like Kaishan and Baos, and smaller firms lacking R&D capabilities [18][19] - Domestic companies are increasingly adopting service-oriented business models, providing comprehensive energy solutions and competing with international firms [19] Company Analysis - Kaishan Group is a leading player with a projected revenue of 4.235 billion yuan in 2024, focusing on screw compressors and expanding into high-tech products [22][24] - Shanghai Hanbell Precise Machinery Co., Ltd. is another key player, with a revenue of 3.674 billion yuan in 2024, specializing in screw compressors for industrial automation [26] Future Trends - The industry is moving towards energy-saving and low-emission products, with a growing market share for energy-efficient models like permanent magnet variable frequency screw compressors [28] - The integration of AI and IoT technologies is expected to enhance the functionality of air compressors, enabling real-time monitoring and predictive maintenance [28]

Group 1 - The company focuses its business segments primarily on compressors, vacuum pumps, and hydraulic pumps [1] - The company's main products do not include water pump products [1]

Group 1 - The core focus of the company is on the compressor, vacuum pump, and hydraulic pump sectors [1] - The company's main products do not include water pump products [1]

| 股东名称 | 减持方式 | 减持期间 | 减持均价 | 减持股数 | 减持比例 | | --- | --- | --- | --- | --- | --- | | | | | (元/股) | (万股) | (%) | 中国经济网北京6月9日讯 鲍斯股份(300441.SZ)6月6日披露的关于控股股东股份减持计划实施完成 的公告显示，公司于近日收到控股股东怡诺鲍斯出具的《关于股份减持计划实施完成的告知函》，获悉 其于2025年4月15日至6月5日期间通过集中竞价的方式累计减持公司股份6,444,000股，占公司总股本的 1.00%。本次股份减持计划已实施完成。 本次减持均价为8.41元/股。据此计算，怡诺鲍斯本次减持鲍斯股份套现5419.404万元。 | 怡诺鲍斯 | 集中竟价 | 2025年4月15日- | 8.41 | 644.40 | 1.00 | | --- | --- | --- | --- | --- | --- | | | 交易 | 2025年6月5日 | | | | | | | 合计 | | 644.40 | 1.00 | 本次减持后，怡诺鲍斯持有鲍斯股份29,465.6043股，占总股本比 ...

证券代码：300441 证券简称：鲍斯股份 公告编号：2025-037 宁波鲍斯能源装备股份有限公司 关于控股股东股份减持计划实施完成的公告 控股股东怡诺鲍斯集团有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 宁波鲍斯能源装备股份有限公司（以下简称"公司"或"本公司"）于 2025 年 3 月 21 日在巨潮资讯网披露了《关于公司大股东减持股份的预披露公告》（公告编 号：2025-005），控股股东怡诺鲍斯集团有限公司（以下简称"怡诺鲍斯"）计划自 上述公告披露之日起 15 个交易日后的 3 个月内（即 2025 年 4 月 15 日至 2025 年 7 月 14 日）通过深圳证券交易所交易系统允许的方式（包括但不限于集中竞价 交易和大宗交易），合计减持本公司股份不超过 6,444,158 股（占本公司总股本比 例为 1 %）。 公司于 2025 年 4 月 25 日在巨潮资讯网披露了《关于控股股东减持股份触及 1%整数倍的公告》（公告编号：2025-030），怡诺鲍斯于 2025 年 4 月 15 ...

Sales Model - The company primarily adopts a direct sales model, supplemented by distribution for different products [1] - Compressors and hydraulic pumps are mainly sold directly to end-users, while complete compressor units are primarily sold through distributors [1] Regional Revenue Distribution - In 2024, the company's revenue from the East China region was 14.23 billion, accounting for 61.29% of total revenue [1] - Production bases in Chongqing and Jiangxi are under construction to enhance manufacturing capacity and expand into the central and western regions [1] Product Applications - Hydraulic pumps are used in various industries, including injection molding machines, die-casting machines, shoe-making machines, and packaging machines [2] - The vacuum pump product line includes screw, rotary vane, and scroll vacuum pumps, catering to diverse needs in industries such as photovoltaics, home appliances, chemicals, and food [2]