Financial Performance Summary - The company reported total revenue of 164 million yuan for the first half of 2025, a decrease of 25.18% year-on-year [1] - The net profit attributable to shareholders was 26.35 million yuan, down 39.68% compared to the previous year [1] - The gross margin improved to 48.6%, an increase of 13.72% year-on-year, while the net margin decreased to 16.08%, down 18.51% [1] - Total expenses (selling, administrative, and financial) accounted for 17.64% of total revenue, reflecting a significant increase of 57.63% year-on-year [1] Cash Flow and Investment Activities - The net cash flow from investment activities decreased by 285.74%, primarily due to an increase in cash outflows from investment activities by 19.52 million yuan [3] - The net cash flow from financing activities also declined by 33.85%, with cash outflows increasing by 12.68 million yuan [3] - The net increase in cash and cash equivalents dropped by 92.69%, attributed to reduced cash flow from operating activities and significant declines in both investment and financing cash flows [3] Accounts Receivable and Credit Risk - The accounts receivable situation is concerning, with accounts receivable to profit ratio reaching 248.77% [4] - The company reported a 127.07% increase in credit impairment losses, indicating potential risks in receivables management [3] Historical Performance and Return on Investment - The company's return on invested capital (ROIC) was 12.4% last year, indicating strong capital returns [4] - Historical data shows a median ROIC of 13.9% since the company went public, with the lowest ROIC recorded at 9.12% in 2019 [4]

Market Overview - The aerospace equipment sector experienced a decline of 3.31% on August 27, with Zhongtian Rocket leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Individual Stock Performance - China Satellite (600118) closed at 36.45, down 0.49% with a trading volume of 1.4895 million shares and a turnover of 547.5 million yuan [1] - Aerospace Electronics (600879) closed at 11.41, down 2.65% with a trading volume of 1.5415 million shares and a turnover of 1.799 billion yuan [1] - Ligong Navigation (688282) closed at 47.57, down 3.21% with a trading volume of 5591.11 shares and a turnover of 27.0631 million yuan [1] - Aerospace Huayu (688523) closed at 24.73, down 4.22% with a trading volume of 83,000 shares and a turnover of 211 million yuan [1] - StarNet Yuda (002829) closed at 21.62, down 4.29% with a trading volume of 130,100 shares and a turnover of 289 million yuan [1] - China Satellite Communications (601698) closed at 22.00, down 4.35% with a trading volume of 1.2103 million shares and a turnover of 2.720 billion yuan [1] - Xinyu Guoke (300722) closed at 37.09, down 4.70% with a trading volume of 136,500 shares and a turnover of 515 million yuan [1] - Zhongtian Rocket (003009) closed at 59.08, down 6.03% with a trading volume of 98,700 shares and a turnover of 593 million yuan [1] Fund Flow Analysis - The aerospace equipment sector saw a net outflow of 1.284 billion yuan from institutional investors, while retail investors had a net inflow of 1.047 billion yuan [1] - The detailed fund flow for individual stocks shows significant net outflows for several companies, including: - Ligong Navigation: -146.74 thousand yuan from institutional investors [2] - StarNet Yuda: -1546.59 thousand yuan from institutional investors [2] - Aerospace Electronics: -8998.77 thousand yuan from institutional investors [2] - Zhongtian Rocket: -9027.29 thousand yuan from institutional investors [2] - Xinyu Guoke: -9814.42 thousand yuan from institutional investors [2]

Group 1 - The company will not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [3] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5] - The company will hold its third extraordinary general meeting of shareholders on September 12, 2025, at 14:30 [6][9] Group 2 - The meeting will be conducted both in-person and via online voting, allowing shareholders to participate through the Shenzhen Stock Exchange system and an internet voting platform [7][15] - The record date for shareholders to attend the meeting is September 5, 2025 [8] - The meeting will be held at the company's office in Xianjiao Lake District, New Yu City [9]

Group 1 - The core point of the article is the organizational restructuring of Jiangxi Xinyu Guoke Technology Co., Ltd. aimed at enhancing management efficiency and aligning with strategic planning [1] - The company established a new Security Department responsible for safety, fire management, national security, and defense mobilization, transferring relevant responsibilities from other departments [1] - The company merged the Infrastructure Office into the Production Supply Department, indicating a consolidation of operations [1] Group 2 - The company changed the names of certain organizational bodies, including renaming "Shareholders' Meeting" to "Shareholders' Assembly" and "Strategic Committee" to "Strategic and ESG Committee" [1] - The company decided to abolish the Supervisory Board, leading to further adjustments in its organizational structure [1] - These changes reflect the company's proactive management reforms, which are expected to lay a solid foundation for long-term development [1]

Core Insights - The company reported a significant decline in revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved operating revenue of 164 million yuan, representing a year-on-year decrease of 25.18% [1] - The net profit attributable to shareholders was 26.35 million yuan, down 39.68% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 29.53 million yuan, reflecting a year-on-year decline of 29.98% [1] - The basic earnings per share stood at 0.10 yuan [1]

Meeting Announcement - The company will hold its third extraordinary general meeting of shareholders on September 12, 2025, at 14:30 [1] - The meeting will comply with relevant laws, regulations, and the company's articles of association [1] Voting Procedures - Shareholders can vote through the Shenzhen Stock Exchange trading system and internet voting system on September 12, 2025, from 9:15 to 15:00 [2][5] - Shareholders must choose either on-site voting or internet voting, with the first vote counted in case of duplicates [2] Eligibility and Registration - All shareholders registered by the close of business on September 5, 2025, are eligible to attend the meeting [2] - Registration procedures for individual and corporate shareholders are outlined, requiring identification and relevant documentation [3][5] Agenda Items - The meeting will review two proposals that have been approved by the board, requiring more than half of the voting rights present to pass [3] - The details of the proposals were disclosed on August 27, 2025, and are available for public viewing [3] Documentation and Contact Information - Shareholders can register via mail or fax until September 11, 2025, at 16:30 [3][5] - Contact details for registration and inquiries are provided, including phone and fax numbers [5]

江西新余国科科技股份有限公司 董事、高级管理人员离职管理制度 第一章 总则 第一条 为规范江西新余国科科技股份有限公司（以下简称"公司"或"本 公司"）董事、高级管理人员离职管理，保障公司治理稳定性及股东合法权益， 根据《中华人民共和国公司法》《上市公司章程指引》《深圳证券交易所创业板 股票上市规则》和《江西新余国科科技股份有限公司章程》（以下简称"《公司 章程》"）的规定，制定本制度。 第二条 本制度适用于公司全体董事（含独立董事）及高级管理人员的辞职、 任期届满离任、被解除职务以及其他导致其实际离职的情形。 第二章 离职情形与生效条件 第三条 公司董事、高级管理人员离职包含以下情形：任期届满离任、主动 辞职、被解除职务以及其他导致其不再担任相应职务的情形。 第四条 董事、高级管理人员辞职应当向公司提交书面辞职报告，不得通过 辞职等方式规避其应当承担的职责。 （一）董事辞职报告送达公司董事会时生效，但存在以下情形除外： 1. 董事在任期内辞职导致董事会成员低于法定最低人数； 2. 审计委员会成员辞职导致审计委员会成员低于法定最低人数，或者导致 委员会中欠缺会计专业人士； 3. 独立董事辞职导致公司董事会或者 ...

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。 江西新余国科科技股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召开的第四 届董事会第九次（临时）会议，审议通过了《关于调整公司组织机构的议案》。为进一步强 化和规范公司管理，提高运营效率，完善内部治理体系，并契合公司战略规划和管理需求， 现对组织机构调整如下：新设保卫部，部门职责包含保卫安全、消防管理、国家安全、人民 武装、平安建设、国防动员等，将人民武装部及平安建设职责从党群工作部划归至保卫部管 理，将保卫安全、消防管理、国家安全等职责从办公室划归至保卫部管理，将基建办从技改 办并入生产供应部。同时根据新修订的《公司章程》，将机构名称"股东大会"更名为"股 东会"、"战略委员会"更名为"战略与 ESG 委员会"、裁撤"监事会"，因此，公司组织 机构将相应调整。 证券代码：300722 证券简称：新余国科 公告编号：2025-036 江西新余国科科技股份有限公司 关于调整公司组织机构的公告 特此公告。 江西新余国科科技股份有限公司董事会 2025 年 8 月 27 日 ...

江西新余国科科技股份有限公司 | 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 | 2025 年期初 占用资金余 | 2025 年 1-6 月 占用累计发生 | 2025 年 1-6 月占 用资金 | 2025 年 1-6 月偿还累计 | 2025 年 1-6 月占用资金 | 占用形 成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 目 | 额 | 金额 （不含利息） | 的利息 （如有） | 发生金额 | 余额 | 原因 | | | 现大股东及其附 | | | | | | | | | | 非经营性占用 | | 属企业 | | | | | | | | | | 非经营性占用 | | 小计 | | | | | | | | | | | | 前大股东及其附 | | | | | | | | | | 非经营性占用 | | 属企业 | | | | | | | | | | 非经营性占用 | | 小计 | | | | | | | | | | | | ...

证券代码：300722 证券简称：新余国科 公告编号：2025-037 江西新余国科科技股份有限公司 关于变更会计师事务所的公告 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。 特别提示： 拟聘任的 2025 年度会计师事务所名称：中审众环会计师事务所（特殊普通合伙）（以 下简称"中审众环"） 公司聘任的 2024 年度会计师事务所名称：大信会计师事务所(特殊普通合伙)（以下简 称"大信"） 变更会计师事务所原因：公司自 2017 年起聘任大信会计师事务所（特殊普通合伙）为 公司提供审计服务，在执行完 2024 年度审计工作后，大信为公司连续提供审计服务的年限 已满 8 年。根据公司控股股东江西省军工控股集团有限公司 2025-2027 年度财务决算审计中 介机构招标项目公开招标结果，同时综合考虑公司审计工作需求，拟聘请中审众环为公司 2025 年度审计机构，不再续聘大信。公司已就本次变更会计师事务所事宜与前后任会计师 事务所分别进行了充分沟通，前后任会计师事务所均对变更事宜无异议。本次变更会计师事 务所事宜符合《国有企业、上市公司选聘会计师事务所管理办法》（ ...