证券代码：300450 证券简称：先导智能 公告编号：2025-044 无锡先导智能装备股份有限公司 关于 2025 年半年度募集资金存放与使用情况的 专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 根据《上市公司募集资金监管规则》《深圳证券交易所上市公司自律监管 指引第 2 号—创业板上市公司规范运作》及相关公告格式规定，无锡先导智能装 备股份有限公司（以下简称"公司"或"本公司"）董事会编制了 2025 年半年度 募集资金存放与使用情况的专项报告，具体情况如下： 一、募集资金基本情况 （一）募集资金金额和资金到账时间 1、2019 年公开发行可转换公司债券募集资金情况 经中国证券监督管理委员会于 2019 年 11 月 29 日《关于核准无锡先导智能 装备股份有限公司公开发行可转换债券的批复》（证监许可[2019]2309 号）核准， 本次公司向社会公开发行面值总额 100,000.00 万元可转换公司债券，期限 6 年。 公司已收到本次公开发行可转换公司债券所募集资金总额共计人民币 1,000,000,000.00 元。该次募集资金保荐承销费用 ...

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、误导性陈述或者重大遗漏。 无锡先导智能装备股份有限公司（以下简称"公司"或"先导智能"）于 2025 年 8 月 28 日召开第五届董事会第十三次会议和第五届监事会第十一次会议， 审议通过了《关于 2025 年半年度转回资产减值准备的议案》，根据相关规定， 现将具体情况公告如下： 一、转回资产减值准备情况 为更加真实、准确地反映公司财务状况和经营成果，依照《企业会计准则》 及公司会计政策的相关规定，基于谨慎性原则，公司对合并报表范围内截至 2025 年 6 月 30 日的应收票据、应收账款、其他应收款、存货、固定资产、商誉等资 产进行了全面清查，对各类资产进行了充分的评估和分析，对相关资产计提及转 回资产减值准备。2025 年半年度，公司合并报表口径转回资产减值准备合计 129,350,754.16 元，其中，应收账款坏账转回 232,066,547.17 元，主要系报告期 应收账款收回金额较多，前期已计提的减值准备相应转回所致；存货跌价损失及 合同履约成本减值计提 98,879,938.28 元，主要根据存货采用成本与可变现净值 孰低 ...

无锡先导智能装备股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：人民币万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 | 上市公司核算 | 2025 年期初占 | 2025 年半年度占用累计 | 2025 年半年度占用 | 2025 | 年半年度偿 | 2025 年半年度期 | 占用形 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 的会计科目 | 用资金余额 | 发生金额（不含利息） | 资金的利息（如有） | | 还累计发生金额 | 末占用资金余额 | 成原因 | | | 控股股东、实际控 | | | | | | | | | | | 非经营性占用 | | 制人及其附属企业 | | | | | | | | | | | 非经营性占用 | | 小计 | | | | | | | | | | | - | | 前控股股东、实际 | | | | | | | | | | | 非经营性占用 | | 控制人及其附属企 | | ...

无锡先导智能装备股份有限公司（以下简称"先导智能"或"公司"）第五 届监事会第十一次会议通知于 2025 年 8 月 18 日以专人送达、电子邮件、电话方 式发出，通知了公司全体监事。公司本次监事会会议于 2025 年 8 月 28 日在公司 会议室以现场方式召开，由监事会主席卞粉香女士召集和主持，本次会议应出席 监事 3 人，实际出席监事 3 人，公司董事会秘书列席了本次会议。公司本次监事 会会议的召集、召开以及参与表决的监事人数符合《中华人民共和国公司法》等 法律、行政法规、规范性文件和《无锡先导智能装备股份有限公司章程》的相关 规定。 二、监事会会议审议情况 经与会监事认真审议，通过了以下议案： 证券代码：300450 证券简称：先导智能 公告编号：2025-041 无锡先导智能装备股份有限公司 第五届监事会第十一次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、监事会会议召开情况 2、审议通过了《关于<2025 年半年度募集资金存放与使用情况专项报告> 的议案》 1、审议通过了《关于<2025 年半年度报告及其摘要>的议案》 监事会 ...

证券代码：300450 证券简称：先导智能 公告编号：2025-040 无锡先导智能装备股份有限公司 第五届董事会第十三次会议决议公告 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、误导性陈述或者重大遗漏。 一、董事会会议召开情况 无锡先导智能装备股份有限公司（以下简称"先导智能"或"公司"）第五 届董事会第十三次会议通知于 2025 年 8 月 18 日以专人送达、电子邮件、电话方 式发出，通知了公司全体董事、监事和高级管理人员。公司本次董事会会议于 2025 年 8 月 28 日在公司会议室以现场结合通讯方式召开，由公司董事长王燕清 先生召集和主持，本次会议应出席董事 7 人，实际出席董事 7 人，公司监事、高 级管理人员列席了本次会议。公司本次董事会会议的召集、召开以及参与表决的 董事人数符合《中华人民共和国公司法》等法律、行政法规、规范性文件和《无 锡先导智能装备股份有限公司章程》的相关规定。 二、董事会会议审议情况 经与会董事认真审议，通过了以下议案： 1、审议通过了《关于<2025 年半年度报告及其摘要>的议案》 经审议，董事会认为：编制《公司 2025 年半年度报告》 ...

Core Viewpoint - The company reported a significant increase in both revenue and net profit for the first half of the year, indicating strong financial performance and growth potential [1] Financial Performance - The company achieved a revenue of 6.61 billion yuan in the first half of the year, representing a year-on-year growth of 14.92% [1] - The net profit attributable to shareholders reached 740 million yuan, showing a substantial year-on-year increase of 61.19% [1] - The basic earnings per share were reported at 0.48 yuan per share [1]

Group 1 - The company, XianDao Intelligent (300450.SZ), announced its 2025 semi-annual report summary, achieving operating revenue of 6.61 billion yuan, a year-on-year increase of 14.92% [1] - The net profit attributable to shareholders of the listed company was 740 million yuan, reflecting a year-on-year growth of 61.19% [1] - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves [1]

Section I Important Notice, Table of Contents and Definitions This section provides important notices, the report's table of contents, and definitions of key terms used throughout the report [Important Notice](index=2&type=section&id=Important%20Notice) The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with no false records, misleading statements, or major omissions - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report[3](index=3&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This report's clear table of contents is divided into eight sections, covering important notices, company profile, management discussion and analysis, corporate governance, significant matters, share changes and shareholder information, bond-related matters, and financial reports [Definitions](index=5&type=section&id=Definitions) This section defines common terms used in the report, including company and subsidiary names, lithium battery technologies, new energy vehicles, power batteries, 3C, laser cutting, AGV, and the reporting period - The reporting period is defined as **January 1 to June 30, 2025**[13](index=13&type=chunk) Section II Company Profile and Key Financial Indicators This section introduces the company's basic information, contact details, and presents key accounting data and financial indicators for the reporting period [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) Wuxi Lead Intelligent Equipment Co., Ltd. (stock code: 300450) is listed on the Shenzhen Stock Exchange, with Wang Yanqing as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Lead Intelligent | | Stock Code | 300450 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Wuxi Lead Intelligent Equipment Co., Ltd. | | Legal Representative | Wang Yanqing | [II. Contact Persons and Information](index=6&type=section&id=II.%20Contact%20Persons%20and%20Information) The company's Board Secretary is Yao Yao and Securities Affairs Representative is Zhu Qi, with disclosed contact address, phone, fax, and email Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Yao Yao | No. 18 Xinzhou Road, Xinwu District, Wuxi | 0510-81163600 | 0510-81163648 | lead@leadintelligent.com | | Securities Affairs Representative | Zhu Qi | No. 18 Xinzhou Road, Xinwu District, Wuxi | 0510-81163600 | 0510-81163648 | lead@leadintelligent.com | [III. Other Information](index=6&type=section&id=III.%20Other%20Information) During the reporting period, there were no changes in the company's contact information, information disclosure, document storage locations, or registration details - The company's registered address, office address, website, and email remained unchanged during the reporting period[18](index=18&type=chunk) - Information disclosure and document storage locations remained unchanged during the reporting period[19](index=19&type=chunk) - The company's registration status remained unchanged during the reporting period[20](index=20&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first half of 2025, the company achieved strong performance with a 14.92% increase in operating revenue, a 61.19% rise in net profit attributable to shareholders, and a 231.33% surge in net operating cash flow Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (yuan) | Prior Period (yuan) | YoY Change in Current Period | | :--- | :--- | :--- | :--- | | Operating Revenue | 6,610,403,906.80 | 5,752,247,510.59 | 14.92% | | Net Profit Attributable to Shareholders of Listed Company | 740,250,720.23 | 459,252,052.29 | 61.19% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 732,443,046.89 | 448,029,942.19 | 63.48% | | Net Cash Flow from Operating Activities | 2,353,418,733.34 | -1,792,050,208.72 | 231.33% | | Basic Earnings Per Share (yuan/share) | 0.48 | 0.29 | 65.52% | | Diluted Earnings Per Share (yuan/share) | 0.48 | 0.29 | 65.52% | | Weighted Average Return on Net Assets | 6.20% | 3.88% | 2.32% | | **Period-End Indicator** | **Current Period-End (yuan)** | **Prior Year-End (yuan)** | **YoY Change at Current Period-End** | | Total Assets | 38,552,105,673.41 | 36,182,558,952.99 | 6.55% | | Net Assets Attributable to Shareholders of Listed Company | 12,302,735,053.13 | 11,597,531,383.37 | 6.08% | [V. Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Overseas%20Accounting%20Standards) The company reported no differences in net profit and net assets between financial statements prepared under international or overseas accounting standards and Chinese accounting standards during the reporting period - The company reported no differences in net profit and net assets between financial statements disclosed under international accounting standards and Chinese accounting standards during the reporting period[22](index=22&type=chunk) - The company reported no differences in net profit and net assets between financial statements disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[23](index=23&type=chunk) [VI. Non-recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to 7,807,673.34 yuan, primarily from government subsidies, fair value changes, and non-operating income/expenses, net of tax and minority interests Non-recurring Gains and Losses for H1 2025 | Item | Amount (yuan) | Description | | :--- | :--- | :--- | | Disposal Gains/Losses on Non-current Assets | -346,028.43 | | | Government Grants Recognized in Current Profit/Loss | 4,450,545.59 | Received government grants income | | Gains/Losses from Fair Value Changes of Financial Assets/Liabilities Held by Non-financial Enterprises and Disposal of Financial Assets/Liabilities | 1,078,145.21 | | | Other Non-operating Income and Expenses Apart from the Above | 4,075,966.73 | | | Less: Income Tax Impact | 1,388,756.49 | | | Minority Interests Impact (After Tax) | 62,199.27 | | | Total | 7,807,673.34 | | Section III Management Discussion and Analysis This section provides an in-depth analysis of the company's main business, core competitiveness, financial performance, and risk factors during the reporting period [I. Main Business Activities during the Reporting Period](index=9&type=section&id=I.%20Main%20Business%20Activities%20during%20the%20Reporting%20Period) The company specializes in R&D, production, and sales of high-end non-standard intelligent equipment, serving lithium battery, photovoltaic, 3C, and hydrogen energy industries, offering comprehensive smart factory solutions [(I) Overview of the Industry in which the Company Operates](index=9&type=section&id=(I)%20Overview%20of%20the%20Industry%20in%20which%20the%20Company%20Operates) The company operates in the intelligent equipment manufacturing sector, primarily serving the lithium battery, photovoltaic, 3C, and hydrogen energy industries, all experiencing positive development trends - The company belongs to "**C35 Special Equipment Manufacturing**," primarily involving lithium battery, photovoltaic, 3C, and hydrogen energy equipment manufacturing[28](index=28&type=chunk) - In the first half of **2025**, global new energy vehicle sales reached **9.1 million units**, a **28% year-on-year increase**, driving rapid growth in power battery demand[30](index=30&type=chunk) - In the first half of **2025**, China's energy storage battery shipments reached **265 GWh**, a **128% year-on-year increase**[32](index=32&type=chunk) - In the first half of **2025**, China's newly installed solar power generation capacity reached **110 million kW**, a **54.2% year-on-year increase**[34](index=34&type=chunk) - The global consumer electronics market is projected to reach **1.15 trillion US dollars** in **2025**, growing to **1.18 trillion US dollars** by **2028**, with a CAGR of **2.99%**[35](index=35&type=chunk)[36](index=36&type=chunk) - From **January to April 2025**, the installation rate of L2 and above advanced driver-assistance systems in new energy passenger vehicles reached **77.8%**, exceeding **52%** in traditional fuel passenger vehicles[3

Core Viewpoint - The battery industry is experiencing positive developments, with the solid-state battery technology advancing and a consensus on price discipline emerging among certain segments, which is expected to improve the competitive landscape [3]. Group 1: Market Performance - As of August 28, 2025, the China Securities Battery Theme Index rose by 0.23%, with notable increases in component stocks such as Putailai (6.19%), Goodwe (4.29%), Keda (3.65%), and Sungrow (3.35%) [1]. - The Battery ETF by Harvest (562880) showed a trading turnover of 5.18% and a transaction volume of 17.0666 million yuan, with an average daily transaction of 13.8565 million yuan over the past week [3]. Group 2: Industry Developments - The solid-state battery industrialization process is accelerating, with multiple companies initiating pilot production lines and planning to achieve mass production by 2026 [3]. - Since 2025, breakthroughs in solid-state battery technology have been reported, with several automakers planning to adopt all-solid-state batteries around 2027, indicating a faster industrialization process [3]. Group 3: Key Stocks and Weightings - As of July 31, 2025, the top ten weighted stocks in the China Securities Battery Theme Index accounted for 51.66% of the index, including Sungrow, CATL, and Sanhua Intelligent Controls [3]. - The performance of key stocks includes Sungrow (3.35% increase, 10.28% weight), CATL (-0.97%, 9.64%), and Sanhua Intelligent Controls (1.54%, 6.31%) [5].

Core Viewpoint - The company, Xian Dao Intelligent Equipment Co., Ltd., has submitted an application for an H-share IPO in Hong Kong, marking a renewed effort after a previous application expired. The funds raised will be used to expand global R&D and sales networks, deepen platform strategies, optimize smart equipment technology, and enhance digital capabilities [1]. Financial Performance - The company's revenue from 2022 to 2024 was 138.36 billion, 164.83 billion, and 117.73 billion RMB, with a significant decline of 28.6% in 2024 compared to 2023. Net profit during the same period was 23.18 billion, 17.71 billion, and 2.68 billion RMB, showing a drastic drop of 84.9% in 2024 [2]. - For the first four months of 2025, the company reported revenue of 35.99 billion RMB, a 3.3% increase from 34.84 billion RMB in the same period of 2024, while net profit decreased by 11.0% to 4.00 billion RMB [2]. - The gross margin has been on a downward trend, recorded at 36.6%, 32.7%, and 30.0% from 2022 to 2024, primarily due to increased inventory write-downs and rising administrative and R&D expenses [2]. Business Composition - Lithium battery intelligent equipment has been the main revenue source, accounting for 71.8%, 76.8%, and 65.3% of total revenue from 2022 to 2024, with a 62.4% share in the first four months of 2025 [3]. - The company has a high customer concentration, with revenue from the top five customers accounting for 73.8% in 2022, decreasing to 45.6% in 2024, but rising to 60.9% in early 2025 [3]. - The company has made significant progress in expanding its overseas market, with overseas sales increasing from 11.95 billion RMB in 2022 to 28.31 billion RMB in 2024, representing a rise in share from 8.6% to 24.0% [3]. Market Position and Future Outlook - The company is recognized as the largest supplier of lithium battery intelligent equipment globally, holding a market share of 15.5% and 19.0% in the global and Chinese markets, respectively, with a projected global market share of 22.4% in 2024 [1]. - Analysts suggest that despite recent performance pressures, the company may see a turning point in 2025 as the industry stabilizes, leveraging its leading position and technological advantages in the lithium battery sector for long-term growth [4]. - A successful IPO in Hong Kong could provide new funding to support the company's international development and help consolidate its market share globally [4].