Group 1 - The core viewpoint of the article indicates that Huari Co., Ltd. (300626) has experienced revenue growth but a significant decline in profit for the first half of 2025, with total revenue reaching 389 million yuan, a year-on-year increase of 12.79%, while net profit attributable to shareholders dropped by 55.4% to 4.7026 million yuan [1] - In Q2 2025, the company reported total revenue of 193 million yuan, up 4.95% year-on-year, but net profit attributable to shareholders fell by 48.91% to 2.7474 million yuan [1] - The financial indicators show a gross margin of 16.15%, down 16.59% year-on-year, and a net margin of 1.21%, down 60.46% year-on-year [1] Group 2 - The company's return on invested capital (ROIC) for the previous year was 0.48%, indicating weak capital returns, with a historical median ROIC of 7.24% since its listing [2] - The net profit margin for the previous year was -0.43%, suggesting low added value for its products or services [2] - The company has shown a fragile business model, with two years of losses out of seven annual reports since its listing [2] Group 3 - The cash flow situation is concerning, with cash and cash equivalents to current liabilities at only 24.85%, and the average operating cash flow to current liabilities over the past three years at 16.21% [2] - The debt situation is also a concern, with interest-bearing debt ratio reaching 21.51% [2]

Core Insights - Company Huari Co., Ltd. (300626.SZ) reported a total operating revenue of 389 million yuan for the first half of 2025, ranking 15th among disclosed peers, with a year-on-year increase of 12.79% [1] - The net profit attributable to shareholders was 4.70 million yuan, ranking 17th among peers, showing a decline of 55.40% year-on-year [1] - The net cash inflow from operating activities was 38.99 million yuan, ranking 11th among peers, with a significant increase of 282.77% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 43.14%, ranking 10th among peers, down 3.41 percentage points from the previous quarter and down 4.07 percentage points year-on-year [3] - The latest gross profit margin is 16.15%, ranking 13th among peers, with a decrease of 0.25 percentage points from the previous quarter and a decrease of 3.21 percentage points year-on-year [3] - The latest return on equity (ROE) is 0.90%, ranking 17th among peers, down 1.08 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.03 yuan, ranking 17th among peers, reflecting a decrease of 55.46% year-on-year [3] - The latest total asset turnover ratio is 0.41 times, ranking 4th among peers, with an increase of 17.47% year-on-year [3] - The latest inventory turnover ratio is 1.72 times, ranking 14th among peers, with an increase of 7.38% year-on-year [3]

Group 1 - The core point of the article is that Huari Co., Ltd. (SZ 300626) held its fifth board meeting on August 28, 2025, to review the 2025 semi-annual report and related documents [1] - For the first half of 2025, the revenue composition of Huari Co., Ltd. is as follows: automotive motors account for 33.93%, other businesses 26.61%, power tools 14.81%, home appliances 14.36%, and industrial motors 7.21% [1]

Group 1 - The company Huari Co., Ltd. (300626) announced on the evening of August 28 that it has agreed to nominate Mr. Jiang Wenping as a candidate for the non-independent director of the fifth board of directors [1]

Core Viewpoint - Huari Co., Ltd. (300626.SZ) reported a revenue of 389 million yuan for the first half of 2025, reflecting a year-on-year growth of 12.79% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 4.7026 million yuan, representing a year-on-year decline of 55.40% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.5396 million yuan, down 63.52% year-on-year [1] - Basic earnings per share stood at 0.0261 yuan [1]

华瑞电器股份有限公司（以下简称"公司"）于2025年8月28日召开公司第五 届董事会第五次会议和第五届监事会第三次会议，审议通过了《关于公司2025 年半年度报告全文及摘要的议案》。 为使投资者全面了解公司的经营成果、财务状况及未来发展规划，公司《2025 年半年度报告》及《2025年半年度报告摘要》于2025年8月29日在中国证监会指 定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露。 敬请投资者注意查阅。 特此公告！ 证券代码：300626 证券简称：华瑞股份 公告编号：2025-033 华瑞电器股份有限公司 2025 年半年度报告披露提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚 假记载、误导性陈述或者重大遗漏。 华瑞电器股份有限公司 董事会 2025年8月29日 ...

证券代码：300626 证券简称：华瑞股份 公告编号：2025-040 华瑞电器股份有限公司 关于修订《公司章程》及制定、修订相关制度的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚 假记载、误导性陈述或者重大遗漏。 | 询； | （四）依照法律、行政法规及本章程的规定转让、赠与 | | --- | --- | | （四）依照法律、行政法规及本章程的规定转让、 | 或质押其所持有的股份； | | 赠与或质押其所持有的股份； | （五）查阅本章程、股东名册、公司债券存根、股东会 | | （五）查阅本章程、股东名册、公司债券存根、 | 会议记录、董事会会议决议、财务会计报告； | | 股东会会议记录、董事会会议决议、监事会会议 | （六）公司终止或者清算时，按其所持有的股份份额参 | | 决议、财务会计报告； | 加公司剩余财产的分配； | | （六）公司终止或者清算时，按其所持有的股份 | （七）对股东会作出的公司合并、分立决议持异议的股 | | 份额参加公司剩余财产的分配； | 东，要求公司收购其股份； | | （七）对股东会作出的公司合并、分立决议持异 | （八）法律、行政法规、部门 ...

证券代码：300626 证券简称：华瑞股份 公告编号：2025-042 华瑞电器股份有限公司 关于举办2025年半年度业绩说明会的公告 会议召开时间：2025 年 09 月 09 日（星期二）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 董事、总经理兼财务总监 谢劲跃，董事、副总经理兼董事会秘书 宋光辉， 独立董事 朱一鸿，财务经理 郭刚（如遇特殊情况，参会人员可能进行调整）。 三、投资者参加方式 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。 重要内容提示： 华瑞电器股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日在巨潮 资讯网上披露了《2025 年半年度报告》及《2025 年半年度报告摘要》。为便于 广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 09 月 09 日（星期二）15:00-16:00 在"价值在线"（www.ir-online.cn）举 办华瑞电器股份有限公司 2025 年半年度业绩说明会，与投资者进行沟通和交 ...

证券代码：300626 证券简称：华瑞股份 公告编号：2025-038 华瑞电器股份有限公司 关于 2025 半年度计提信用及资产减值损失的公告 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。 | 项目 | 本期发生额（元） | | --- | --- | | 一、信用减值损失 | | | 应收票据坏账损失 | 24,541.16 | | 应收账款坏账损失 | 588,569.97 | | 其他应收款坏账损失 | -55,565.52 | | 小计 | 557,545.61 | | 二、资产减值损失 | | | 存货跌价损失及合同履约成本减值损失 | -2,263,862.30 | | 小计 | -2,263,862.30 | | 合计 | -1,706,316.69 | 二、本次计提信用和资产减值损失的确认标准及计提方法 （一）预期信用损失的确认标准及计提方法 本公司对以摊余成本计量的金融资产以预期信用损失为基础进行减值会计 处理并确认损失准备。 预期信用损失，是指以发生违约的风险为权重的金融工具信用损失的加权平 均值。信用损失，是指本公司按照原实际利率折现 ...

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 法定代表人：张波 主管会计工作负责人：谢劲跃 会计机构负责人：谢劲跃 | 非经营性资金占用 | 资金占用 | 占用方与上 市公司的关 | 上市公司核 算的会计科 | 年期初占 2025 | 2025 半年度占 用累计发生金 | 2025 半年度 占用资金的利 | 2025 半年度 偿还累计发 | 2025 半年期 末占用资金 | 占用形 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 方名称 | | | 用资金余额 | | | | | 成原因 | 占用性质 | | | | 联关系 | 目 | | 额（不含利息） | 息（如有） | 生金额 | 余额 | | | | 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 ...