Core Viewpoint - Hengshi Technology (300513.SZ) aims to improve its financial situation and alleviate funding pressure by signing a share transfer agreement to sell shares in Beijing Qianjing Wuyou Electronic Technology Co., Ltd. [1] Financial Summary - The company plans to transfer a total of 11,880,000 shares of Qianjing Wuyou for a total price of RMB 109,296,000 [1] - Before the transfer, the company held 28,650,000 shares of Qianjing Wuyou, accounting for 26.53% of its total share capital [1] - After the transfer, the company will hold 16,770,000 shares, which will represent 15.53% of the total share capital [1]

Group 1 - The company plans to sign a share transfer agreement to transfer 11.88 million shares of Beijing Qianjing Wuyou Electronic Technology Co., Ltd. for a total price of 109 million RMB [1] - After the transfer, the company will hold 16.77 million shares of Qianjing Wuyou, accounting for 15.53% of its total share capital [1] - This transaction is expected to increase the company's operating capital, providing financial support for business expansion and promoting stable development [1]

恒实科技（300513）(300513.SZ)公告，公司拟与锦绣中和(北京)资本管理有限公司、河北立中有色金属 集团有限公司、刘振东、戴元永、杨宝林、汪淑涓、张敬庭签署《股份转让协议》，拟转让参股公司北 京前景无忧电子科技股份有限公司(简称"前景无忧")1188万股股份，转让价格总计人民币1.09亿元。转 让后公司持有前景无忧1677万股，占其总股本比例为15.53%。本次交易有利于增加公司营运资金，为 公司业务拓展提供资金支持，促进公司稳健发展。 ...

Core Viewpoint - The company plans to transfer 11.88 million shares of Qianjing Wuyou at a price of 109 million yuan, which represents 15.53% of its total share capital. This transaction aims to improve the company's financial situation and alleviate funding pressure, thereby increasing working capital to support business expansion and promote stable development [1] Financial Impact - The transaction is expected to enhance the company's operating funds, providing necessary financial support for future business growth [1] Shareholding Structure - After the completion of the transaction, the company will continue to hold 16.77 million shares of Qianjing Wuyou, maintaining a shareholding ratio of 15.53% [1]

证券代码：300513 证券简称：恒实科技 公告编号：2025-034 北京恒泰实达科技股份有限公司 第三届董事会第六十五次会议决议公告 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 1、本次董事会会议通知于 2025 年 9 月 3 日以电话、口头通知等方式发出。 2、本次董事会于 2025 年 9 月 3 日以通讯会议方式召开，并采取通讯表决方 式进行表决。 表决结果：通过。 3、本次会议应出席董事 8 名，实际出席董事 8 名。 4、本次会议由董事长钱苏晋先生主持，公司董事会秘书、监事及高级管理 人员列席了本次会议。 5、本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文 件和公司章程的规定，合法有效。 二、董事会会议审议情况 1、审议通过《关于拟出售参股公司部分股份的议案》 公司为改善财务状况，缓解资金压力，拟与锦绣中和（北京）资本管理有限 公司、河北立中有色金属集团有限公司、刘振东、戴元永、杨宝林、汪淑涓、张 敬庭签署《股份转让协议》，拟转让参股公司北京前景无忧电子科技股份有限公 司（以下简称"前景无忧"）11, ...

证券代码：300513 证券简称：恒实科技 公告编号：2025-035 北京恒泰实达科技股份有限公司 关于拟出售参股公司部分股份的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、交易概述 北京恒泰实达科技股份有限公司（以下简称"恒实科技"或"公司"）为改 善财务状况，缓解资金压力，拟与锦绣中和（北京）资本管理有限公司、河北立 中有色金属集团有限公司、刘振东、戴元永、杨宝林、汪淑涓、张敬庭签署《股 份转让协议》，拟转让参股公司北京前景无忧电子科技股份有限公司（以下简称 "前景无忧"或"标的公司"）11,880,000股股份，转让价格总计人民币 109,296,000元。本次转让前公司持有前景无忧28,650,000股，占其总股本比例 为26.53%，转让后公司持有前景无忧16,770,000股，占其总股本比例为15.53%。 公司于2025年9月3日召开第三届董事会第六十五次会议，审议通过了《关于 拟出售参股公司部分股份的议案》，根据《深圳证券交易所创业板股票上市规则》 《公司章程》等相关规定，本次交易事项无需提交公司股东大会审议。 根据《深圳证券交易 ...

Core Viewpoint - 恒实科技's financial performance for the first half of 2025 shows significant declines in revenue and profit, indicating potential challenges in its business model and financial health [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 was 403 million yuan, a decrease of 28.66% compared to the same period in 2024 [1]. - The net profit attributable to shareholders was -106 million yuan, down 107.87% year-on-year [1]. - The gross margin fell to 6.94%, a decline of 60.62% from the previous year [1]. - The net margin was -26.9%, reflecting a 190.67% decrease year-on-year [1]. - Total expenses (selling, administrative, and financial) reached 95.77 million yuan, accounting for 23.77% of total revenue, an increase of 32.82% [1]. Cash Flow and Debt Analysis - Operating cash flow per share improved to 0.32 yuan, a 142.49% increase year-on-year, attributed to increased collections and reduced procurement payments [1][3]. - The company’s cash and cash equivalents increased by 110.51%, driven by improved cash collection and lower procurement payments [3]. - The debt situation is concerning, with interest-bearing liabilities totaling 863 million yuan, a 10.64% increase from the previous year [1]. Business Evaluation - The company's historical return on invested capital (ROIC) has been generally low, with a median of 7.18% since its listing, and a particularly poor ROIC of -34.56% in 2024 [3]. - The business model appears fragile, as evidenced by two years of losses since the company went public [3]. Recommendations for Monitoring - Attention is advised on the company's cash flow situation, with cash funds to current liabilities ratio at 25.89% and the average operating cash flow to current liabilities ratio at only 0.64% over the past three years [4]. - Monitoring of the debt situation is crucial, as the interest-bearing debt ratio has reached 25.54%, and the total interest-bearing liabilities to average operating cash flow ratio stands at 115.72% [4]. - Financial expenses are also a concern, with financial expenses to average operating cash flow ratio at 510.88% [4].

Company Overview - Hengshi Technology (SZ 300513) announced the convening of its 64th board meeting for the third session on August 22, 2025, in Beijing [1] - The meeting reviewed the proposal regarding the company's semi-annual report for the first half of 2025 [1] Financial Performance - For the first half of 2025, Hengshi Technology's revenue composition was as follows: Other industries accounted for 47.9%, the communication industry for 40.55%, and the power industry for 11.55% [1]

Group 1 - The core viewpoint of the article is that Hengshi Technology (300513.SZ) reported a significant decline in revenue and incurred a net loss in the first half of 2025 [1] Group 2 - The company achieved an operating income of 403 million yuan, representing a year-on-year decrease of 28.66% [1] - The net loss attributable to shareholders of the listed company was 106 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 108 million yuan, with a basic loss per share of 0.2053 yuan [1]

Group 1 - The company reported a revenue of 403 million yuan for the first half of the year, representing a year-on-year decline of 28.66% [1] - The net profit attributable to shareholders was -106 million yuan, marking a significant year-on-year decrease of 107.87% [1] - The company is maintaining stable operations in its traditional business while actively expanding into new business areas [1]