Group 1: Cost Control Measures - The company aims to optimize expenditures and reduce operational costs by focusing on core R&D projects and promoting industrialization and mass application [2] - A differentiated sales strategy will be implemented to lower sales costs and improve sales efficiency [2] - Enhancements in procurement and production management are planned to boost overall operational efficiency and profitability [2] Group 2: Market Expansion Plans - The company is advancing its "AI + Industrial Health" strategy, maintaining investments in sectors like power grids, rail transit, and ecological environment [3] - Collaborations with industry partners will be pursued for technology R&D, channel resources, and market expansion [3] - Active efforts are being made to establish brand presence and sales channels in overseas markets [5] Group 3: R&D and Product Development - The company is exploring humanoid robot applications, leveraging its expertise in image recognition, autonomous navigation, and AI algorithms [4] - Current development of humanoid robots is in the early stages and is not expected to significantly impact financial performance in the near term [4] Group 4: Energy Storage Business - The company is strategically positioning itself in the energy storage market, addressing the growing demand driven by the rapid increase in clean energy installations [5] - Solutions will cover various scenarios, including residential, commercial, and grid-side energy storage, providing comprehensive lifecycle solutions [5] - The company is accelerating the exploration of virtual power plant technologies to enhance grid stability and support national carbon neutrality goals [5] Group 5: Future Goals and Planning - For detailed future planning, stakeholders are encouraged to refer to the company's periodic reports [6]

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]

Group 1 - The company Shenhui Technology (SZ 300853) reported a significant increase in revenue for the first half of 2025, reaching approximately 70.18 million yuan, which represents a year-on-year growth of 91.79% [2] - The net profit attributable to shareholders of the listed company for the same period was a loss of approximately 71.5 million yuan, with a basic earnings per share loss of 0.49 yuan [2] - In comparison, the revenue for the first half of 2024 was approximately 36.59 million yuan, with a net profit loss of about 69.26 million yuan and a basic earnings per share loss of 0.47 yuan [2]

Group 1 - The meeting of the fourth supervisory board of Hangzhou Shenhao Technology Co., Ltd. was held on August 21, 2025, with all three supervisors present [1][2] - The supervisory board approved the company's 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's actual situation without any false records or misleading statements [1][2] - The supervisory board also approved the special report on the use of raised funds for the first half of 2025, affirming compliance with relevant laws and regulations regarding the use of these funds [2]

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 ...