Core Insights - 康平科技 reported a revenue of 574 million yuan for the first half of 2025, a year-on-year increase of 1.77%, while the net profit attributable to shareholders decreased by 2.24% to 44.31 million yuan [1] - The company has successfully expanded its electric tool business, with revenue from complete machines now accounting for over 43% of total revenue [1] - The company is facing challenges due to global supply chain fluctuations and weak economic growth, influenced by regional situations and the US "reciprocal tariff" policy [1] Company Strategy - 康平科技 is focusing on its core business and leveraging its international layout to mitigate the impacts of the "reciprocal tariff" policy [1] - The company is actively expanding its customer base by utilizing its motor technology and large-scale manufacturing capabilities [1] - 康平科技 plans to acquire a controlling stake in 苏州市凌臣采集计算机有限公司 to enhance its smart control capabilities and deepen industry chain integration [2] Market Context - The end market for 康平科技's electric tool products is primarily in Europe and the United States [1] - The acquisition of 凌臣采集 is expected to create synergies with the company's motor technology, enhancing its position in the smart equipment and industrial robotics sectors [2]

Core Viewpoint - 康平科技 (300907) reported mixed financial results for the first half of 2025, with slight revenue growth but a decline in net profit compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 reached 574 million yuan, a year-on-year increase of 1.76% [1] - Net profit attributable to shareholders was 44.31 million yuan, down 2.24% year-on-year [1] - In Q2 2025, total revenue was 303 million yuan, showing a minimal increase of 0.09% year-on-year, while net profit decreased by 6.69% to 25.40 million yuan [1] Key Financial Ratios - Gross margin stood at 19.11%, a decrease of 1.73% year-on-year [1] - Net margin was 7.71%, down 3.42% compared to the previous year [1] - Total expenses (selling, administrative, and financial) amounted to 36.31 million yuan, accounting for 6.33% of revenue, a slight increase of 0.09% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased by 54.26% to 244 million yuan [1] - Accounts receivable rose by 6.63% to 384 million yuan, with accounts receivable to net profit ratio reaching 451.94% [1][3] - Interest-bearing debt decreased by 5.89% to 190 million yuan [1] Earnings Per Share - Earnings per share (EPS) was 0.46 yuan, a decrease of 2.24% year-on-year [1] - Operating cash flow per share was 0.72 yuan, down 8.61% from the previous year [1] - Net asset value per share increased by 4.33% to 8.30 yuan [1] Expense Analysis - Sales expenses increased by 31.59% due to a rise in sales personnel and consulting service fees [3] - Financial expenses decreased significantly by 113.93% due to increased interest income and reduced exchange losses [3] Cash Flow Insights - Net cash flow from financing activities decreased by 42.94% due to reduced bank financing [3] - Net increase in cash and cash equivalents fell by 33.5% as a result of decreased cash flow from operating and financing activities [3] Return on Investment - The company's return on invested capital (ROIC) was 9.29%, indicating average capital returns [3] - Historical median ROIC since listing is 10.95%, with the lowest recorded ROIC at 2.66% in 2021 [3]

Group 1 - The core viewpoint of the news is that 康平科技 (Kangping Technology) has reported its semi-annual results for 2025, highlighting the significant presence of institutional investors in its shareholding structure [1] - As of August 22, 2025, a total of 8 institutional investors hold 61.34 million shares of 康平科技, accounting for 63.90% of the total share capital [1] - The institutional holding ratio has decreased by 0.25 percentage points compared to the previous quarter [1] Group 2 - The newly disclosed public fund during this period is 博道远航混合A [1] - Foreign investment sentiment shows that one foreign fund, BARCLAYS BANK PLC, has increased its holdings, while three new foreign institutions have disclosed their holdings, including UBS AG, 高盛国际-自有资金, and MORGAN STANLEY & CO. INTERNATIONAL PLC [1] - The overall trend indicates a slight increase in foreign institutional investment in 康平科技 [1]

Core Viewpoint - Kangping Technology (300907.SZ) reported a slight increase in revenue for the first half of 2025, but net profit experienced a decline, indicating mixed financial performance [1] Financial Performance - The company achieved operating revenue of 574 million yuan, representing a year-on-year growth of 1.77% [1] - The net profit attributable to shareholders was 44.31 million yuan, showing a year-on-year decrease of 2.24% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 43.49 million yuan, reflecting a year-on-year increase of 3.68% [1] - Basic earnings per share stood at 0.4616 yuan [1]

2025年上半年非经营性资金占用及其他关联资金往来情况汇总表 上市公司名称：康平科技（苏州）股份有限公司 单位：万元 企业负责人： 主管会计工作的负责人： 会计机构负责人： | 非经营性资金占用 | | 占用方与 上市公司 | 上市公司核算的 | 2025年期初占用资金 | 2025年1-6月占用累 | 2025年1-6月占用 | 2025年1-6月偿还 | 2025年6月末占用资 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 的关联关 | 会计科目 | 余额 | 计发生金额（不含 | 资金的利息(如 | 累计发生金额 | 金余额 | | | | | 资金占用方名称 | | | | 利息） | 有） | | | | | | | - | 系 - | - | - | - | - | - | - | - | | | 现大股东及其附属企业 | | | | | | | | | | | | 小计 | - | - | - | - | - | - | - | - | - | - | | | ...

证券代码：300907 证券简称：康平科技 公告编号：2025-052 康平科技（苏州）股份有限公司 2025 年半年度募集资金存放、管理与使用情况的 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。 根据《上市公司募集资金监管规则》、《深圳证券交易所创业板股票上市规 则》（以下简称"《上市规则》"）、《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》（以下简称"《规范运作》"）等相关法 律法规的规定，康平科技（苏州）股份有限公司（以下简称"公司"）将 2025 年半年度募集资金存放、管理与使用情况专项报告如下： 一、募集资金基本情况 1、实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于同意康平科技（苏州）股份有限公司首次 公开发行股票注册的批复》（证监许可[2020]2258 号）同意注册，公司首次公 开发行人民币普通股（A 股）股票 2,400 万股,发行价格为 14.30 元/股，募集资 金总额为人民币 343,200,000.00 元，扣除不含税发行费用人民币 51,396,484.19 元，实际募集资金 ...

康平科技（苏州）股份有限公司 证券代码：300907 证券简称：康平科技 公告编号：2025-051 第五届董事会 2025 年第九次会议决议公告 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 康平科技（苏州）股份有限公司（以下简称"公司"）于2025年8月10日以 电子邮件及电话等方式向全体董事和高级管理人员发出了关于召开第五届董事 会2025年第九次会议的通知，并于2025年8月21日在公司会议室以现场会议结合 通讯表决方式召开本次会议。 本次会议由董事长江建平先生召集和主持，应出席会议的董事为7人，实际 出席会议的董事为7人，其中梁清华女士以通讯方式出席会议。公司全体高级管 理人员列席了本次会议。本次会议的召集、召开及表决程序符合《公司法》和《公 司章程》的相关规定。 二、董事会会议审议情况 经与会董事认真审议，形成以下决议： 1、审议通过《关于公司2025年半年度报告及其摘要的议案》。 公司根据相关法律法规及《公司章程》的有关规定，结合自身经营情况，编 制完成了2025年半年度报告及其摘要。 表决情况：7票同意，0票反对，0票 ...

康平科技（苏州）股份有限公司 2025 年半年度报告全文 康平科技（苏州）股份有限公司 2025 年半年度报告 （2025-049） 2025 年 8 月 1 康平科技（苏州）股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会会及董事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 公司负责人江建平、主管会计工作负责人窦蔷彬及会计机构负责人(会计 主管人员)窦蔷彬声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。 公司已在本报告中详细描述公司可能存在的风险，具体内容详见本报告 第三节"管理层讨论与分析"之"十、公司面临的风险和应对措施"章节， 敬请投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | | 1 | | --- | --- | --- | | ...

Market Performance - The electric motor sector increased by 0.99% compared to the previous trading day, with Kangping Technology leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Stock Performance - Kangping Technology (300907) closed at 40.90, with a rise of 7.49% and a trading volume of 91,400 shares, amounting to a transaction value of 366 million yuan [1] - Other notable performers include Zhaowei Electric (003021) with a 3.11% increase, closing at 125.56, and Xiangdian Co. (600416) with a 1.82% increase, closing at 16.74 [1] Fund Flow Analysis - The electric motor sector experienced a net outflow of 531 million yuan from institutional investors, while retail investors saw a net inflow of 584 million yuan [2] - The detailed fund flow for specific stocks shows that Kangping Technology had a net inflow of 33.45 million yuan from institutional investors, while Xiangdian Co. had a net outflow of 53.06 million yuan [3]

Market Overview - The electric motor sector increased by 2.46% compared to the previous trading day, with Kangping Technology leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] Top Performers - Kangping Technology (300907) closed at 42.88, up 12.37% with a trading volume of 173,500 shares and a transaction value of 723 million yuan [1] - Jiangsu Yinli (300660) closed at 54.30, up 8.08% with a trading volume of 381,000 shares and a transaction value of 2 billion yuan [1] - Xiangdian Co. (600416) closed at 16.49, up 5.64% with a trading volume of 947,200 shares and a transaction value of 1.52 billion yuan [1] Underperformers - Ocean Motor (002249) closed at 8.12, down 3.10% with a trading volume of 2,096,300 shares [2] - Jiangte Motor (002176) closed at 9.28, down 2.11% with a trading volume of 146,710 shares [2] - Ananda (603350) closed at 42.51, down 1.94% with a trading volume of 65,000 shares [2] Fund Flow Analysis - The electric motor sector experienced a net outflow of 294 million yuan from institutional investors, while retail investors saw a net inflow of 208 million yuan [2] - The top net inflows from retail investors were observed in Kangping Technology and Jiangnan Yifan, while significant outflows were noted in Ocean Motor and Jiangsu Leili [3] Individual Stock Fund Flow - Kangping Technology had a net inflow of 42.06 million yuan from institutional investors, while retail investors had a net outflow of 66.55 million yuan [3] - Jiangsu Leili saw a net inflow of 71.27 million yuan from institutional investors, with retail investors experiencing a net outflow of 24.54 million yuan [3] - Xiangdian Co. had a net inflow of 18.2 million yuan from institutional investors, while retail investors had a net outflow of 13.3 million yuan [3]