Core Viewpoint - Shenhao Technology (300853) reported a significant increase in revenue but continued to face net losses, indicating challenges in profitability despite growth in sales [1] Financial Performance - Total revenue for the first half of 2025 reached 70.18 million yuan, a year-on-year increase of 91.79% [1] - Net profit attributable to shareholders was -71.50 million yuan, a slight decrease of 3.24% year-on-year [1] - In Q2 2025, total revenue was 57.31 million yuan, up 99.98% year-on-year, while net profit attributable to shareholders was -31.40 million yuan, an increase of 13.32% year-on-year [1] Cost and Profitability Metrics - Gross margin improved to 9.92%, a significant increase of 1607.92% year-on-year [1] - Net margin was -104.54%, an improvement of 44.72% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 90.03 million yuan, accounting for 128.29% of revenue, a decrease of 37.11% year-on-year [1] Cash Flow and Assets - Cash and cash equivalents decreased by 70.92% to 151 million yuan due to investments in financial products [3] - Operating cash flow per share was -0.11 yuan, a decline of 122.87% year-on-year [1] - Inventory increased by 33.34% year-on-year, indicating potential overstocking issues [1] Investment and Debt - Interest-bearing liabilities rose by 3.75% to 591 million yuan [1] - The company has faced challenges in cash flow management, with net cash flow from operating activities showing a significant decline [7] Business Evaluation - The company's historical return on invested capital (ROIC) has been volatile, with a median ROIC of 18.24% since its listing [8] - The business model appears fragile, with three out of four annual reports showing losses since the company went public [8]

Group 1 - Company Shenhui Technology announced on August 22 that it and its wholly-owned subsidiary, Hangzhou Shenguan Technology Co., Ltd., have recently obtained six invention patent certificates from the National Intellectual Property Administration of the People's Republic of China [1] - The patents include titles such as "Method, Device, Electronic Equipment, and Readable Storage Medium for Button Operation of Power Cabinets" and "Electromagnetic Permanent Magnet Combined Vector Magnetic Coupling Propulsor" [1]

| 证券代码：300853 | 证券简称：申昊科技 | 公告编号：2025-050 | | --- | --- | --- | | 债券代码：123142 | 债券简称：申昊转债 | | 杭州申昊科技股份有限公司 关于公司及全资子公司取得发明专利证书的公告 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。 杭州申昊科技股份有限公司（以下简称"公司"）及全资子公司杭州晟冠科 技有限公司（以下简称"晟冠科技"）于近期陆续取得中华人民共和国国家知识 产权局颁发的六项发明专利证书，具体情况如下： 一、发明专利证书基本情况 专利一： 发明名称：电力柜按键操作方法、装置、电子设备及可读存储介质 发明人：吴海腾；玉正英；承永宏；毛泽庆；邹治银 专利号：ZL202310090345.X 专利申请日：2021 年 12 月 17 日 专利申请日：2023 年 01 月 17 日 专利权人：杭州申昊科技股份有限公司 地址：311100 浙江省杭州市余杭区仓前街道长松街 6 号 授权公告日：2025 年 08 月 05 日 授权公告号：CN116000937B 本发明提供了一种电力柜 ...

Core Viewpoint - Shenhao Technology (300853.SZ) reported a significant increase in revenue for the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite growth in sales [1][2]. Financial Performance - The company achieved operating revenue of 70.18 million yuan, representing a year-on-year increase of 91.79% compared to 36.59 million yuan in the same period last year [2]. - The net profit attributable to shareholders was -71.50 million yuan, slightly worsening from -69.26 million yuan in the previous year, reflecting a decrease of 3.24% [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -85.18 million yuan, an improvement of 2.45% from -87.32 million yuan year-on-year [2]. - The net cash flow from operating activities was -16.44 million yuan, a significant decrease of 122.87% compared to a positive cash flow of 71.85 million yuan in the same period last year [2]. Historical Financial Data - In the years 2022, 2023, and 2024, Shenhao Technology reported operating revenues of 391 million yuan, 386 million yuan, and 158 million yuan respectively [3]. - The net profit attributable to shareholders for the same years was -64.93 million yuan, -101 million yuan, and -237.80 million yuan, indicating a worsening trend in profitability [3]. - The net profit after deducting non-recurring gains and losses for the years was -78.60 million yuan, -130 million yuan, and -271 million yuan, showing a consistent decline [3]. Fundraising Activities - The total amount raised by the company was 620.58 million yuan, with a net amount of 570 million yuan allocated for research and development and smart robot production projects [4]. - The company issued convertible bonds worth 550 million yuan, with a net amount of 546.69 million yuan after deducting related expenses [4]. - The total fundraising amount from both public offerings and convertible bonds reached 1.171 billion yuan [5].

Group 1 - The core viewpoint of the article is that Shenhao Technology (300853.SZ) has reported an increase in institutional ownership in its A-shares as of August 21, 2025, with a total of 3 institutional investors holding 3.2793 million shares, representing 2.23% of the total share capital, which is an increase of 0.31 percentage points compared to the previous quarter [1] Group 2 - Among the institutional investors, the report mentions CITIC Securities Asset Management (Hong Kong) Limited - Client Funds, BARCLAYS BANK PLC, and Hangzhou Chenglin Equity Investment Partnership (Limited Partnership) [1] - In terms of public funds, there was one new public fund disclosed this period, which is Penghua Carbon Neutrality Theme Mixed A [1] - Regarding foreign investment, two new foreign institutions were disclosed compared to the previous quarter, including CITIC Securities Asset Management (Hong Kong) Limited - Client Funds and BARCLAYS BANK PLC [1]

申昊科技（SZ 300853，收盘价：26.1元）8月21日晚间发布半年度业绩报告称，2025年上半年营业收入 约7018万元，同比增加91.79%；归属于上市公司股东的净利润亏损约7150万元；基本每股收益亏损0.49 元。2024年同期营业收入约3659万元；归属于上市公司股东的净利润亏损约6926万元；基本每股收益亏 损0.47元。 （文章来源：每日经济新闻） ...

证券代码：300853 证券简称：申昊科技 公告编号：2025-044 经审核，监事会认为：公司编制和审议《2025 年半年度报告》及其摘要的 程序符合法律、行政法规和中国证券监督管理委员会的规定，报告内容真实、准 确、完整地反映了公司的实际情况，不存在虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同日在创业板信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）披露的相关公告。 债券代码：123142 债券简称：申昊转债 杭州申昊科技股份有限公司 第四届监事会第十二次会议决议公告 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、误导性陈述或重大遗漏。 一、监事会会议召开情况 杭州申昊科技股份有限公司（以下简称"公司"）第四届监事会第十二次会 议于 2025 年 8 月 21 日在杭州市余杭区余杭街道宇达路 5 号公司五楼会议室以现 场方式召开。本次会议通知于 2025 年 8 月 11 日以电子邮件方式发出。本次应出 席监事 3 名，实际出席会议的监事 3 名（无委托出席/通讯出席/缺席的监事）。 本次会议由监事会主席吴晓萍女士主持，总经理、董事会秘书列 ...

Group 1 - The core viewpoint of the article is that Shenhao Technology (300853.SZ) reported significant revenue growth in the first half of 2025, but also faced substantial net losses [1] - The company achieved operating revenue of 70.1762 million yuan, representing a year-on-year increase of 91.79% [1] - The net profit attributable to shareholders of the listed company was -71.4995 million yuan, indicating a loss [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -85.1832 million yuan [1] - The basic earnings per share were -0.49 yuan [1]

| 证券代码：300853 | 证券简称：申昊科技 公告编号：2025-049 | | --- | --- | | 债券代码：123142 | 债券简称：申昊转债 | 杭州申昊科技股份有限公司 关于举行 2025 年半年度网上业绩说明会的公告 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。 特此公告。 杭州申昊科技股份有限公司 董事会 2025 年 8 月 22 日 杭州申昊科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 22 日在 巨潮资讯网（http://www.cninfo.com.cn）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，公司将采用网络互动的方式于 2025 年 8 月 29 日（星期五） 15:00-16:00 在"价值在线"（http://www.ir-online.cn）举行 2025 年半年度网上业 绩说明会，与投资者进行沟通和交流，广泛听取投资者的建议。 出席本次说明会的人员有：公司总经理曹光客先生、独立董事唐国华先生、 财务总监钱 ...

2025 年半年度募集资金存放与使用情况专项报告 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。 | 证券代码：300853 | 证券简称：申昊科技 | 公告编号：2025-047 | | --- | --- | --- | | 债券代码：123142 | 债券简称：申昊转债 | | 杭州申昊科技股份有限公司 根据中国证券监督管理委员会《上市公司募集资金监管规则》和深圳证券交 易所印发的《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》的规定，将杭州申昊科技股份有限公司（以下简称"公司"或"本公 司"）募集资金2025年半年度存放与使用情况专项说明如下。 一、募集资金基本情况 （一）募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于同意杭州申昊科技股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2022〕233 号），本公司 由主承销商华泰联合证券有限责任公司（以下简称"华泰联合证券"）采用包销 方式，向不特定对象发行可转换公司债券 550 万张，每张面值为人民币 100.00 元，共计募集资金 55,000 ...