厦门东亚机械工业股份有限公司 章程 二〇二五年八月 | | | 第一章 总则 公司通过厦门东亚机械有限公司整体变更以发起设立方式设立, 在厦门 市市场监督管理局注册登记, 取得营业执照, 统一社会信用代码为 9135020061200896X6。 邮政编码: 361100。 1 第一条 为维护厦门东亚机械工业股份有限公司(以下简称"公司")、股东、职工 和债权人的合法权益, 规范公司的组织和行为, 根据《中华人民共和国公 司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以下简称 "《证券法》")、《深圳证券交易所创业板股票上市规则》以及其他有关 规定, 制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 第三条 公司于 2020 年 12 月 3 日经深圳证券交易所发行上市审核, 并于 2021 年 5 月 18 日经中国证券监督管理委员会(以下简称"中国证监会")同意 注册, 首次向社会公众发行人民币普通股 9,500 万股, 于 2021 年 7 月 20 日在深圳证券交易所创业板上市。 第四条 公司注册名称: 厦门东亚机械工业股份有限公司。 英文名称: XIAMEN ...

[Section 1 Important Notices, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notices](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's management guarantees the authenticity and completeness of the semi-annual report and proposes a dividend distribution plan - The Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the report and assume legal responsibility[6](index=6&type=chunk) - The company's legal representative, chief accounting officer, and head of the accounting department declare the financial report to be true, accurate, and complete[6](index=6&type=chunk) - The proposed profit distribution plan is a cash dividend of **RMB 1 per 10 shares** (tax inclusive) based on 384,049,688 shares, with no bonus shares or capitalization of public reserves[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the complete structure of the semi-annual report, covering eight main chapters and their starting page numbers - The report comprises eight main chapters, covering key information on company operations, financials, and governance[8](index=8&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section provides definitions for frequently used terms in the report, ensuring accurate reader comprehension - The reporting period is defined as January 1, 2025, to June 30, 2025[13](index=13&type=chunk) - The company's main products include air compressors, screw air compressors, two-stage compression screw air compressors, piston compressors, screw compressor hosts, oil-free screw air compressors, vacuum pumps, and centrifugal blowers[13](index=13&type=chunk) - "Specialized, Refined, Unique, and Innovative" refers to enterprises that are professional, fine-tuned, distinctive, and novel[13](index=13&type=chunk) [Section 2 Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Xiamen East Asia Machinery Industrial Co, Ltd (Stock Abbreviation: East Asia Machinery, Stock Code: 301028) is listed on the Shenzhen Stock Exchange - The company's stock abbreviation is "East Asia Machinery," with stock code "301028," listed on the Shenzhen Stock Exchange[16](index=16&type=chunk) - The company's legal representative is Han Yinghuan[16](index=16&type=chunk) [Contacts and Contact Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) The company's Board Secretary is Han Wenhao, and the Securities Affairs Representative is Xu Zhiyong - The Board Secretary is Han Wenhao, and the Securities Affairs Representative is Xu Zhiyong[17](index=17&type=chunk) - The company's contact address is No 611, Xike Street, Xike Town, Tongan District, Xiamen, with the email address stock.eami@jaguar-compressor.com[17](index=17&type=chunk) [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) The company's registration details, addresses, and information disclosure locations remained unchanged during the reporting period - The company's registered address, office address, website, and email address remained unchanged during the reporting period[18](index=18&type=chunk) - Information disclosure and document repository locations remained unchanged during the reporting period[19](index=19&type=chunk) - The company's registration status remained unchanged during the reporting period[20](index=20&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's revenue and net profit grew steadily, with a significant increase in operating cash flow Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (Yuan) | Prior Year Period (Yuan) | YoY Change | End of Current Period (Yuan) | End of Prior Year (Yuan) | Change from Prior Year End | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 626,180,015.09 | 605,329,468.17 | 3.44% | - | - | - | | Net Profit Attributable to Shareholders | 125,272,782.42 | 120,038,804.93 | 4.36% | - | - | - | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 114,607,414.50 | 110,011,133.43 | 4.18% | - | - | - | | Net Cash Flow from Operating Activities | 86,359,084.50 | 68,766,053.41 | 25.58% | - | - | - | | Basic Earnings Per Share (Yuan/Share) | 0.33 | 0.32 | 3.13% | - | - | - | | Diluted Earnings Per Share (Yuan/Share) | 0.33 | 0.32 | 3.13% | - | - | - | | Weighted Average Return on Equity | 8.17% | 8.84% | -0.67% | - | - | - | | Total Assets | - | - | - | 2,596,223,451.89 | 2,446,979,706.71 | 6.10% | | Net Assets Attributable to Shareholders | - | - | - | 1,571,269,416.58 | 1,477,815,619.94 | 6.32% | [Differences in Accounting Data under Domestic and Foreign Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) No discrepancies exist between financial reports prepared under Chinese accounting standards and international or foreign standards - The company has no discrepancies in net profit or net assets between financial reports disclosed under international accounting standards and Chinese accounting standards[22](index=22&type=chunk) - The company has no discrepancies in net profit or net assets between financial reports disclosed under foreign accounting standards and Chinese accounting standards[23](index=23&type=chunk) [Non-recurring Profit and Loss Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring profit and loss totaled RMB 10.67 million, mainly from investment gains and government grants Non-recurring Profit and Loss Items and Amounts for H1 2025 | Item | Amount (Yuan) | Description | | :--- | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | -115,154.53 | - | | Government Grants Recognized in Current Profit/Loss | 3,174,936.84 | Excludes grants closely related to normal business operations, compliant with national policies, and enjoyed based on fixed standards with a continuous impact on profit/loss | | Gain/Loss from Entrusted Investments or Asset Management | 11,258,380.48 | - | | Other Non-operating Income and Expenses | -1,770,648.06 | - | | Less: Income Tax Impact | 1,882,146.81 | - | | Total | 10,665,367.92 | - | - The company has no other profit or loss items that meet the definition of non-recurring items, nor has it reclassified any non-recurring items as recurring[26](index=26&type=chunk) [Section 3 Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Principal Business Activities during the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company provides energy-efficient air power system solutions, focusing on the R&D and production of compressors and vacuum pumps [Company's Main Business](index=9&type=section&id=%28%E4%B8%80%29%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1) The company's core business is providing energy-efficient, high-performance, and stable air power system solutions - The company specializes in providing energy-efficient, high-performance, and stable air power, with a core focus on the independent R&D, design, and production of compressor and vacuum pump hosts[28](index=28&type=chunk) - The company is a comprehensive provider of air power system solutions, engaging in the R&D, production, and sales of compressors, vacuum pumps, and related equipment[28](index=28&type=chunk) [Company's Main Products](index=9&type=section&id=%28%E4%BA%8C%29%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BA%A7%E5%93%81) The company's "JAGUAR" brand offers a diverse product line, including various compressors, vacuum pumps, and auxiliary equipment - The company's main products include screw compressors, vacuum pumps, centrifugal compressors, piston compressors, and related auxiliary equipment and accessories[29](index=29&type=chunk) - Products are widely used in equipment manufacturing, automotive, semiconductor, photovoltaics, lithium batteries, metallurgy, power, electronics, medical, textile, and bio-fermentation industries[29](index=29&type=chunk) [Air Compressors](index=9&type=section&id=1%E3%80%81%E7%A9%BA%E6%B0%94%E5%8E%8B%E7%BC%A9%E6%9C%BA) Air compressors, a core product, provide essential power for industrial applications across various sectors - Air compressors are fundamental power products for industrial modernization and automation, widely used in equipment manufacturing, automotive, semiconductor, photovoltaic, and lithium battery industries[29](index=29&type=chunk) - The oil-free compressor series includes oil-free dry screw, oil-free water-lubricated screw, centrifugal, magnetic levitation centrifugal, and scroll air compressors, primarily for industries requiring high air purity[30](index=30&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) - The oil-injected compressor series includes two-stage compression permanent magnet VSD screw, permanent magnet VSD screw (ZLS-Hi+ series, Fuxing series, LS laser cutting series, ZLS-Di series), mainly used in chemical, automotive, electronics, textile, and machinery processing industries[33](index=33&type=chunk)[34](index=34&type=chunk) - The blower series includes centrifugal blowers (ZTB series), centrifugal oxygenators (ZATB series), and oil-free screw blowers, used in aeration, printing, bio-fermentation, and aquaculture[34](index=34&type=chunk)[35](index=35&type=chunk) [Vacuum Pumps](index=14&type=section&id=2%E3%80%81%E7%9C%9F%E7%A9%BA%E6%B3%B5) The company's energy-efficient vacuum pumps, featuring permanent magnet motors, serve a wide range of industrial applications - Vacuum pumps use mechanical, physical, chemical, or physicochemical methods to evacuate containers, creating and maintaining a vacuum[39](index=39&type=chunk) - The company's vacuum pumps use permanent magnet motors, which are more energy-efficient than traditional pumps, reducing user operating costs[40](index=40&type=chunk) - Vacuum pump products include oil-injected and oil-free types, used in electronic vacuum clamping, chemical and pharmaceutical vacuum processes, can filling, new energy, and integrated circuits[41](index=41&type=chunk)[42](index=42&type=chunk) [Auxiliary Equipment Series](index=16&type=section&id=3%E3%80%81%E9%85%8D%E5%A5%97%E8%AE%BE%E5%A4%87%E7%B3%BB%E5%88%97) The company provides dryers to treat compressed air, ensuring it meets specific requirements for dew point and cleanliness - Auxiliary equipment includes refrigerated and adsorption dryers for removing water and oil from compressed air[45](index=45&type=chunk) - Refrigerated dryers effectively lower the air dew point for various conditions; adsorption dryers are for applications with higher dew point requirements[46](index=46&type=chunk)[47](index=47&type=chunk) [Accessories Series](index=17&type=section&id=4%E3%80%81%E9%85%8D%E4%BB%B6%E7%B3%BB%E5%88%97) The company offers a range of filters and separators to enhance filtration precision and ensure compressed air quality - The accessories series includes precision filters, lubricating oil filters, oil-gas separators, and air filters[47](index=47&type=chunk) - Precision filters achieve filtration accuracy up to 0.01um, lubricating oil filters efficiently remove impurities, oil-gas separators control oil content below 3PPM, and air filters ensure the quality of air entering the compression chamber[47](index=47&type=chunk) [Main Operating Models](index=17&type=section&id=%28%E4%B8%89%29%20%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F) The company employs an integrated business model driven by market demand, combining in-house R&D with flexible production and sales strategies - The R&D model is guided by market demand and company strategy, focusing on independent development with some collaboration on new products[48](index=48&type=chunk) - The procurement model is "procurement on demand," with the production center creating demand lists and the procurement center placing orders via a supplier platform[49](index=49&type=chunk) - The production model combines "safety stock" and "make-to-order," coordinated by planning, procurement, and production departments with quality control by the quality management center[50](index=50&type=chunk) - The sales model is primarily distribution-based to cover a broad market and provide timely after-sales service, with a small number of large end-customers served directly[51](index=51&type=chunk) [Company's Industry Position and Advantages](index=18&type=section&id=%28%E5%9B%9B%29%20%E5%85%AC%E5%8F%B8%E7%9A%84%E8%A1%8C%E4%B8%9A%E5%9C%B0%E4%BD%8D%E5%92%8C%E4%BC%98%E5%8A%BF) The company is a national "Little Giant" enterprise, recognized for its core technology and industry-leading energy-efficient products - The company is a national "Specialized, Refined, Unique, and Innovative" Little Giant enterprise, a high-tech enterprise, and a Fujian Provincial Enterprise Technology Center[53](index=53&type=chunk) - The company is a drafting member of 8 national, group, and industry standards, including "Energy Performance Evaluation of Compressed Air Stations," and is one of the few domestic manufacturers with core screw air compressor technology[53](index=53&type=chunk) - The company's products have been repeatedly selected for the Ministry of Industry and Information Technology's "Energy Efficiency Star" product catalog and the "National Industrial Energy-saving Technology and Equipment Recommendation Catalog," with the **highest number of selections in the industry**[53](index=53&type=chunk) - The company has been recognized by the MIIT as a "Green Factory," "Green Supply Chain Management Enterprise," and "Green Design Product Enterprise," being the only compressor company to receive all three national "Green Manufacturing" awards simultaneously[53](index=53&type=chunk) [Core Competitiveness Analysis](index=19&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core strengths lie in its brand influence, extensive sales channels, R&D innovation, and integrated production capabilities [Brand Advantage](index=19&type=section&id=1%E3%80%81%E5%93%81%E7%89%8C%E4%BC%98%E5%8A%BF) With over 30 years of brand building, "JAGUAR" has established a high-end domestic brand image recognized by major clients - The company registered the "JAGUAR" trademark and has continuously built a high-end domestic air compressor brand image, receiving honors such as "Fujian Famous Trademark" and "Fujian Famous Brand Product"[54](index=54&type=chunk) - The "JAGUAR" brand is widely recognized in the market, with end-customers including well-known enterprises like BYD, Inovance Technology, CATL, and Wuliangye[54](index=54&type=chunk) [Sales Channel Advantage](index=19&type=section&id=2%E3%80%81%E9%94%80%E5%94%AE%E6%B8%A0%E9%81%93%E4%BC%98%E5%8A%BF) The company has built a strong, nationwide distribution network with a loyal and professional team of dealers - The company primarily uses a distribution-based sales model, having built a team of dealers with high brand loyalty, strong sales capabilities, and professional service levels[56](index=56&type=chunk) - It has formed a marketing network radiating across the country, with central sales regions in provinces like Guangdong, Jiangsu, Zhejiang, Fujian, Anhui, Shanxi, Hubei, Hebei, and Shaanxi[56](index=56&type=chunk) [R&D and Innovation Advantage](index=20&type=section&id=3%E3%80%81%E7%A0%94%E5%8F%91%E5%88%9B%E6%96%B0%E4%BC%98%E5%8A%BF) The company maintains a competitive edge through continuous R&D investment, core technology mastery, and innovative product development - The company is a national "Specialized, Refined, Unique, and Innovative" Little Giant enterprise and a high-tech enterprise, with an energy efficiency laboratory certified by the Hefei General Machinery and Electrical Products Inspection Institute[57](index=57&type=chunk) - As of the end of the reporting period, the company added 13 new patents, holding a total of **3 invention patents, 121 utility model patents, and 16 design patents**, participated in drafting 8 standards, and mastered over 60 types of screw air compressor profiles[57](index=57&type=chunk) - In 2024, the company upgraded its vacuum pumps, oil-free screw compressors, and micro-oil screw compressors for more efficient gas output and intelligent management[58](index=58&type=chunk) - In H1 2025, the company secured orders for its centrifugal compressors, advanced R&D for semiconductor vacuum pumps and magnetic levitation centrifugal compressors, and serialized its "Jaguar Intelligent Control" AI system for 24-hour monitoring[59](index=59&type=chunk)[58](index=58&type=chunk) [Integrated Production Advantage](index=21&type=section&id=4%E3%80%81%E4%B8%80%E4%BD%93%E5%8C%96%E7%94%9F%E4%BA%A7%E4%BC%98%E5%8A%BF) The company leverages an integrated production system with high automation and digitalization to enhance efficiency and quality control - The company has implemented informational upgrades in its sheet metal, machining, assembly, and warehousing workshops, increasing automation to reduce costs and improve efficiency[61](index=61&type=chunk) - The company's process chain covers screw rotor processing and motor rotor assembly, enabling independent design and production capabilities for its main products, forming an integrated production advantage[61](index=61&type=chunk) - The company has established a digital MES system for refined production process management, resource optimization, and precise quality control[61](index=61&type=chunk) [Analysis of Main Business Operations](index=22&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business maintained steady growth, with revenue up 3.44%, though a slight increase in costs narrowed the gross margin Year-on-Year Changes in Key Financial Data | Indicator | Current Period (Yuan) | Prior Year Period (Yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 626,180,015.09 | 605,329,468.17 | 3.44% | - | | Operating Costs | 428,020,781.81 | 407,979,710.63 | 4.91% | - | | Selling Expenses | 19,948,525.40 | 17,521,992.91 | 13.85% | - | | Administrative Expenses | 21,580,279.77 | 20,703,607.87 | 4.23% | - | | Finance Costs | -1,436,814.85 | -2,087,977.47 | 31.19% | Primarily due to a decrease in interest income this period | | Income Tax Expense | 17,808,755.03 | 19,096,763.68 | -6.74% | - | | R&D Investment | 28,325,954.32 | 27,065,902.09 | 4.66% | - | | Net Cash Flow from Operating Activities | 86,359,084.50 | 68,766,053.41 | 25.58% | - | | Net Cash Flow from Investing Activities | -183,814,640.35 | -293,113,034.49 | 37.29% | Primarily due to a decrease in purchases of wealth management products | | Net Cash Flow from Financing Activities | 39,549,551.90 | 32,584,505.72 | 21.38% | - | | Net Increase in Cash and Cash Equivalents | -58,438,695.36 | -191,462,686.30 | 69.48% | Primarily due to reduced purchases of wealth management products and increased cash from sales | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (Yuan) | Operating Costs (Yuan) | Gross Margin | YoY Change in Revenue | YoY Change in Costs | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Screw Compressors | 484,123,757.88 | 332,387,784.83 | 31.34% | 2.07% | 2.95% | -0.59% | - There were no significant changes in the company's profit composition or sources of profit during the reporting period[64](index=64&type=chunk) [Analysis of Non-Main Business Operations](index=22&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-main business income, primarily from investments and government grants, contributed 18.53% to total profit Non-Main Business Items and Amounts | Item | Amount (Yuan) | % of Total Profit | Reason | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 11,258,380.48 | 7.87% | Mainly from wealth management products and large-denomination certificates of deposit | No | | Asset Impairment | -2,197,847.71 | -1.54% | Mainly provision for inventory write-down | No | | Non-operating Income | 38,780.01 | 0.03% | Mainly penalties for breach of equity incentive plan | No | | Non-operating Expenses | 1,809,428.07 | 1.26% | Mainly charitable donations | No | | Other Income | 15,245,527.58 | 10.66% | Mainly government grants | No | | Credit Impairment Loss | -3,769,595.23 | -2.63% | Mainly provision for bad debts on accounts and notes receivable | No | | Gain on Asset Disposal | -115,154.53 | -0.08% | Mainly loss on disposal of non-current assets | No | [Analysis of Asset and Liability Status](index=23&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company's total assets and net assets grew, with notable changes in non-current assets due within one year and long-term borrowings Significant Changes in Asset Composition | Item | End of Current Period (Yuan) | % of Total Assets | End of Prior Year (Yuan) | % of Total Assets | Change in Proportion | Reason for Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 307,804,173.05 | 11.86% | 362,277,394.05 | 14.81% | -2.95% | No significant change | | Accounts Receivable | 192,155,557.24 | 7.40% | 135,931,088.66 | 5.56% | 1.84% | No significant change | | Inventory | 189,064,711.85 | 7.28% | 201,605,635.48 | 8.24% | -0.96% | No significant change | | Investment Property | 110,463,189.43 | 4.25% | 113,480,889.91 | 4.64% | -0.39% | No significant change | | Fixed Assets | 206,256,090.07 | 7.94% | 219,248,119.16 | 8.96% | -1.02% | No significant change | | Construction in Progress | 585,246,998.39 | 22.54% | 511,704,116.61 | 20.91% | 1.63% | No significant change | | Contract Liabilities | 290,219,625.54 | 11.18% | 277,610,295.51 | 11.35% | -0.17% | No significant change | | Long-term Borrowings | 291,700,000.00 | 11.24% | 234,200,000.00 | 9.57% | 1.67% | No significant change | | Non-current Assets Due within One Year | 215,099,616.44 | 8.29% | 10,674,876.70 | 0.44% | 7.85% | Primarily due to reclassification of large-denomination certificates of deposit maturing within one year | | Other Non-current Assets | 565,069,247.85 | 21.77% | 656,344,788.58 | 26.82% | -5.05% | Primarily due to reclassification of large-denomination certificates of deposit maturing within one year | | Share Capital | 381,774,116.00 | 14.70% | 381,774,116.00 | 15.60% | -0.90% | No significant change | | Retained Earnings | 646,134,649.56 | 24.89% | 571,566,556.98 | 23.36% | 1.53% | No significant change | - At the end of the reporting period, the company's total assets were **RMB 2,596.22 million**, an increase of **6.10%** from the end of the previous year[21](index=21&type=chunk)[70](index=70&type=chunk) - At the end of the reporting period, net assets attributable to shareholders were **RMB 1,571.27 million**, an increase of **6.32%** from the end of the previous year[21](index=21&type=chunk)[70](index=70&type=chunk) Assets and Liabilities Measured at Fair Value | Item | Opening Balance (Yuan) | Fair Value Change P/L (Yuan) | Cumulative Fair Value Change in Equity (Yuan) | Impairment Provision (Yuan) | Purchases (Yuan) | Sales (Yuan) | Other Changes (Yuan) | Closing Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Financial Assets - Receivables Financing | 33,933,333.88 | - | - | - | - | - | -4,403,226.82 | 29,530,107.06 | | Total | 33,933,333.88 | - | - | - | - | - | -4,403,226.82 | 29,530,107.06 | | Financial Liabilities | 0.00 | - | - | - | - | - | - | 0.00 | Restricted Assets at the End of the Reporting Period | Item | Closing Book Value (Yuan) | Reason for Restriction | | :--- | :--- | :--- | | Cash and Cash Equivalents | 6,902,493.18 | Credit guarantee deposits, performance bond deposits | | Notes Receivable | 44,680,174.44 | Notes endorsed but not yet derecognized | | Total | 51,582,667.62 | - | [Investment Status Analysis](index=24&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Investment activities focused on the construction of the air compressor manufacturing base, with reduced spending on wealth management products [Overall Situation](index=24&type=section&id=1%E3%80%81%E6%80%BB%E4%BD%93%E6%83%85%E5%86%B5) The company's total investment amount decreased by 24.19% year-on-year during the reporting period Investment Amount during the Reporting Period | Indicator | Investment Amount (Yuan) | Investment Amount in Prior Year Period (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Investment | 420,000,000.00 | 554,000,000.00 | -24.19% | [Significant Equity Investments Acquired during the Reporting Period](index=24&type=section&id=2%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E8%8E%B7%E5%8F%96%E7%9A%84%E9%87%8D%E5%A4%A7%E7%9A%84%E8%82%A1%E6%9D%83%E6%8A%95%E8%B5%84%E6%83%85%E5%86%B5) The company did not acquire any significant equity investments during the reporting period - The company did not acquire any significant equity investments during the reporting period[76](index=76&type=chunk) [Ongoing Significant Non-Equity Investments during the Reporting Period](index=24&type=section&id=3%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%AD%A3%E5%9C%A8%E8%BF%9B%E8%A1%8C%E7%9A%84%E9%87%8D%E5%A4%A7%E7%9A%84%E9%9D%9E%E8%82%A1%E6%9D%83%E6%8A%95%E8%B5%84%E6%83%85%E5%86%B5) The primary non-equity investment is the ongoing construction of the air compressor manufacturing base project Significant Non-Equity Investment Details | Project Name | Investment Method | Fixed Asset Investment | Industry | Current Period Investment (Yuan) | Cumulative Investment (Yuan) | Funding Source | Progress | Expected Return | Cumulative Realized Return (Yuan) | Reason for Not Meeting Schedule/Return | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Air Compressor Manufacturing Base Civil Engineering Project | Self-construction | Yes | General Machinery | 74,089,784.43 | 583,741,688.65 | Own funds, financial institution loans | 56.31% | - | 0.00 | Under construction | [Financial Assets Measured at Fair Value](index=25&type=section&id=4%E3%80%81%E4%BB%A5%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E8%AE%A1%E9%87%8F%E7%9A%84%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7) The company's financial assets measured at fair value consisted of other financial products, with all positions closed by period-end Financial Assets Measured at Fair Value | Asset Class | Initial Cost (Yuan) | Fair Value Change P/L (Yuan) | Cumulative Fair Value Change in Equity (Yuan) | Purchases (Yuan) | Sales (Yuan) | Cumulative Investment Return (Yuan) | Other Changes (Yuan) | Closing Balance (Yuan) | Funding Source | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Other | 335,000,000.00 | 0.00 | 0.00 | 335,000,000.00 | 335,000,000.00 | 1,708,129.80 | 0.00 | 0.00 | Own funds | | Total | 335,000,000.00 | 0.00 | 0.00 | 335,000,000.00 | 335,000,000.00 | 1,708,129.80 | 0.00 | 0.00 | -- | [Use of Raised Funds](index=25&type=section&id=5%E3%80%81%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E6%83%85%E5%86%B5) Raised funds from the 2021 IPO have been utilized at a rate of 94.77%, with some projects completed and surplus funds repurposed Overall Use of Raised Funds | Year | Method | Net Amount Raised (10k Yuan) | Amount Used This Period (10k Yuan) | Cumulative Amount Used (10k Yuan) | Utilization Rate | Unused Amount (10k Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 2021 | Initial Public Offering | 44,224.26 | 1,047.66 | 41,911.31 | 94.77% | 2,238.24 | - The "Annual Production Expansion Project for 30,000 Air Compressors," "R&D Center Upgrade Project," and "Replenishment of Working Capital" have been completed, and surplus funds were transferred to supplement working capital[83](index=83&type=chunk) - The completion date for the "Oil-Free Screw Air Compressor R&D and Industrialization Project" has been adjusted to December 2025 due to a slowdown in procurement caused by planned expropriation of the existing factory area[86](index=86&type=chunk) - As of June 30, 2025, the balance in the special accounts for raised funds was **RMB 22.38 million**, including accumulated interest income net of bank fees[83](index=83&type=chunk) [Entrusted Wealth Management, Derivatives, and Entrusted Loans](index=28&type=section&id=6%E3%80%81%E5%A7%94%E6%89%98%E7%90%86%E8%B4%A2%E3%80%81%E8%A1%8D%E7%94%9F%E5%93%81%E6%8A%95%E8%B5%84%E5%92%8C%E5%A7%94%E6%89%98%E8%B4%B7%E6%AC%BE%E6%83%85%E5%86%B5) The company engaged in bank wealth management products with no outstanding balances or overdue amounts at period-end Overview of Entrusted Wealth Management | Type | Funding Source | Amount (10k Yuan) | Outstanding Balance (10k Yuan) | Overdue Amount (10k Yuan) | Impairment Provision for Overdue Amount (10k Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own funds | 23,500 | 0 | 0 | 0 | | Total | - | 23,500 | 0 | 0 | 0 | - The company had no derivative investments during the reporting period[92](index=92&type=chunk) - The company had no entrusted loans during the reporting period[93](index=93&type=chunk) [Sale of Major Assets and Equity](index=29&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) No major assets or equity were sold during the reporting period - The company did not sell any major assets during the reporting period[94](index=94&type=chunk) - The company did not sell any major equity during the reporting period[95](index=95&type=chunk) [Analysis of Major Subsidiaries and Investees](index=29&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) There were no significant subsidiaries or investees requiring disclosure during the reporting period - There is no information on significant holding or participating companies that should be disclosed during the reporting period[95](index=95&type=chunk) [Structured Entities Controlled by the Company](index=29&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[96](index=96&type=chunk) [Risks and Countermeasures](index=29&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces risks from economic fluctuations, market competition, raw material prices, and innovation challenges [Macroeconomic Fluctuation Risk](index=29&type=section&id=%281%29%E5%AE%8F%E8%A7%82%E7%BB%8F%E6%B5%8E%E6%B3%A2%E5%8A%A8%E9%A3%8E%E9%99%A9) The company's performance is closely tied to the macroeconomic environment, with potential adverse effects from economic slowdowns - The company's products are widely used in industries such as equipment manufacturing, automotive, and semiconductors, making its end markets correlated with the macroeconomy[96](index=96&type=chunk) - The company mitigates macroeconomic risks by monitoring industry policies, enhancing product performance, expanding product functions, strengthening cost control, and improving brand services[97](index=97&type=chunk) [Market Competition Risk](index=30&type=section&id=%282%29%E5%B8%82%E5%9C%BA%E7%AB%9E%E4%BA%89%E9%A3%8E%E9%99%A9) Intensifying market competition could lead to a decline in market share if the company fails to maintain its competitiveness - The company faces increasingly fierce market competition and may be at a disadvantage if it cannot continuously enhance its overall competitiveness[98](index=98&type=chunk) - The company addresses market competition risk by continuously building and enhancing core competencies in product, channel, brand, and service, and by expanding into new market areas and customer segments[98](index=98&type=chunk) [Risk of Raw Material Price Fluctuations](index=30&type=section&id=%283%29%E4%B8%BB%E8%A6%81%E5%8E%9F%E6%9D%90%E6%96%99%E4%BB%B7%E6%A0%BC%E6%B3%A2%E5%8A%A8%E9%A3%8E%E9%99%A9) Fluctuations in the prices of key raw materials like steel and castings could impact production costs and profitability - The company's main raw materials are steel and castings, whose price fluctuations are influenced by international financial conditions, exchange rates, and iron ore prices, potentially causing manufacturing cost volatility[99](index=99&type=chunk) - The company will mitigate raw material price risks by optimizing processes, improving material utilization, controlling production costs, accelerating product upgrades, and establishing long-term strategic partnerships with suppliers[99](index=99&type=chunk) [Innovation Risk](index=30&type=section&id=%284%29%E5%88%9B%E6%96%B0%E9%A3%8E%E9%99%A9) Failure to innovate in product development and manufacturing processes in line with market trends could hinder future growth - If the company's new product development, production process innovation, and quality control capabilities cannot adapt to market trends, it will adversely affect future business development[100](index=100&type=chunk) - The company will proactively track market trends, develop products that meet market demand, introduce new technologies, and make forward-looking judgments on industry changes to enhance market competitiveness[100](index=100&type=chunk) [Record of Investor Relations Activities during the Reporting Period](index=31&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) The company engaged with numerous institutional investors to discuss gross margin recovery, domestic substitution, and high-end product developments - From January to June 2025, the company hosted multiple institutional investors through online platforms and on-site visits[101](index=101&type=chunk)[102](index=102&type=chunk)[103](index=103&type=chunk)[104](index=104&type=chunk)[105](index=105&type=chunk) - Participating institutions included Tianfeng Securities, China Merchants Securities, ICBC Credit Suisse, Huafu Securities, Xiamen Jinghong Fund, HTSC, Bank of Communications Schroder, Lion Fund, Northeast Securities, JPMorgan Asset Management, Huatai Asset Management, Xiangju Capital, Guolian Fund, Yuanxin Capital, GF Securities, Dacheng Fund, Cinda Securities, and HSBC Jintrust[101](index=101&type=chunk)[102](index=102&type=chunk)[103](index=103&type=chunk)[104](index=104&type=chunk)[105](index=105&type=chunk) - Key discussion topics included reasons for gross margin recovery, progress in domestic substitution, the impact of national equipment renewal policies, and high-end products like oil-free screw compressors, screw vacuum pumps, and centrifugal compressors[101](index=101&type=chunk)[102](index=102&type=chunk)[103](index=103&type=chunk)[104](index=104&type=chunk)[105](index=105&type=chunk) [Development and Implementation of Market Value Management System and Valuation Enhancement Plan](index=35&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not formulated a market value management system or disclosed a valuation enhancement plan - The company did not formulate a market value management system during the reporting period[106](index=106&type=chunk) - The company did not disclose a valuation enhancement plan during the reporting period[106](index=106&type=chunk) [Implementation of the "Dual Improvement of Quality and Return" Action Plan](index=35&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not disclosed an announcement regarding a "Dual Improvement of Quality and Return" action plan - The company did not disclose an announcement regarding a "Dual Improvement of Quality and Return" action plan during the reporting period[106](index=106&type=chunk) [Section 4 Corporate Governance, Environment, and Society](index=36&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [Changes in Directors, Supervisors, and Senior Management](index=36&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's board and senior management underwent changes due to term expirations and new appointments Changes in Directors, Supervisors, and Senior Management | Name | Position | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Liu Zhiyun | Independent Director | Resigned upon term expiration | 2025-06-23 | Change of term | | Yao Bin | Independent Director | Resigned upon term expiration | 2025-06-23 | Change of term | | Liu Lianke | Chief Engineer | Resigned upon term expiration | 2025-06-23 | Change of term | | Lin Cuiyu | Supervisor | Resigned upon term expiration | 2025-06-23 | Change of term | | Hong Bing | Supervisor | Resigned upon term expiration | 2025-06-23 | Change of term | | Yao Lifang | Supervisor | Resigned upon term expiration | 2025-06-23 | Change of term | | Lin Jianzhang | Independent Director | Appointed | 2025-06-23 | Change of term | | Shen Zhihuang | Independent Director | Appointed | 2025-06-23 | Change of term | [Profit Distribution and Capitalization of Capital Reserves for the Reporting Period](index=36&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company proposes a cash dividend of RMB 1.00 per 10 shares for H1 2025, with no capitalization of reserves Profit Distribution for the Current Reporting Period | Indicator | Amount | | :--- | :--- | | Bonus Shares per 10 Shares (shares) | 0 | | Cash Dividend per 10 Shares (Yuan) (tax inclusive) | 1 | | Share Capital Base for Distribution Plan (shares) | 384,049,688 | | Cash Dividend Amount (Yuan) (tax inclusive) | 38,404,968.8 | | Cash Dividend from Other Means (e.g., share repurchase) (Yuan) | 0.00 | | Total Cash Dividend (including other means) (Yuan) | 38,404,968.8 | | Distributable Profit (Yuan) | 646,134,649.56 | | Ratio of Total Cash Dividend to Total Profit Distribution | 100.00% | - The company proposes a profit distribution plan for H1 2025: a cash dividend of **RMB 1.00 per 10 shares** (tax inclusive) to all shareholders based on a total share capital of 384,049,688 shares, totaling **RMB 38,404,968.80** (tax inclusive), with no bonus shares or capitalization of capital reserves[110](index=110&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentives](index=36&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company continued its 2023 restricted stock incentive plan, adjusting grant prices and completing the first vesting period - The company approved the "2023 Restricted Stock Incentive Plan (Draft)" on April 21, 2023, and made the initial grant of restricted stock to incentive recipients on July 10, 2023[112](index=112&type=chunk) - On June 25, 2024, the company approved the adjustment of the grant price for the initial and reserved grants of the 2023 restricted stock incentive plan and canceled some granted but unvested restricted stocks[113](index=113&type=chunk) - On July 11, 2024, the shares from the first vesting period of the initial grant of the 2023 restricted stock incentive plan were listed for trading[113](index=113&type=chunk) - The company had no employee stock ownership plans or other employee incentive measures during the reporting period[114](index=114&type=chunk) [Environmental Information Disclosure](index=38&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company is listed as an enterprise required to disclose environmental information and has published its report accordingly - Xiamen East Asia Machinery Industrial Co, Ltd is included in the list of enterprises required to disclose environmental information by law[115](index=115&type=chunk) - The environmental information disclosure report can be accessed at http://220.160.52.213:10053/idp_province//home[115](index=115&type=chunk) [Social Responsibility](index=38&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills its social responsibilities through stakeholder protection, environmental stewardship, and community engagement - The company strictly adheres to laws and regulations, protects the rights of minority shareholders, implements cash dividends, improves its internal control system, and strengthens investor relations management[116](index=116&type=chunk) - The company complies with the "Labor Law," protects the legal rights of employees, has established a human resource management system, and values corporate culture and employee career development[116](index=116&type=chunk) - The company adheres to the principles of "voluntariness, equality, fairness, and good faith," grows with its suppliers, and continuously innovates to improve product quality and customer satisfaction[118](index=118&type=chunk) - The company prioritizes production safety, has established a comprehensive safety management system, strictly complies with environmental protection and energy conservation regulations, and continuously promotes clean production[118](index=118&type=chunk) - In January 2025, the company donated **RMB 100,000** to the Tongan District Charity Federation, and in April 2025, it donated **RMB 1.7 million** to the Xiamen Yincheng Education Foundation to support social welfare[119](index=119&type=chunk) [Section 5 Important Matters](index=40&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Commitments Fulfilled or Overdue by Relevant Parties](index=40&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) Commitments regarding share lock-ups post-IPO were fulfilled on time, with no overdue commitments at period-end Commitment Fulfillment Status | Commitment Reason | Committing Party | Commitment Type | Commitment Content | Commitment Date | Commitment Period | Fulfillment Status | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Commitments made during IPO or refinancing | Luo Xiuying, Han Wenhao, Han Yinghuan, Pacific Jaguar Holdings Limited | Share Lock-up Commitment | Not to reduce holdings of the company's shares for 6 months after the lock-up period of the initial public offering shares expires (from July 20, 2024, to January 20, 2025). Newly acquired shares are also subject to this non-reduction commitment. | 2024-07-20 | 2025-01-20 | Fulfilled | - The commitment was fulfilled on time, and there are no overdue unfulfilled commitments[121](index=121&type=chunk) [Non-operating Fund Occupation by Controlling Shareholders and Other Related Parties](index=40&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) There was no non-operating fund occupation by controlling shareholders or other related parties during the reporting period - The company did not experience any non-operating fund occupation by its controlling shareholder or other related parties during the reporting period[122](index=122&type=chunk) [Irregular External Guarantees](index=40&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[123](index=123&type=chunk) [Appointment and Dismissal of Accounting Firm](index=41&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report has not been audited - The company's semi-annual report has not been audited[124](index=124&type=chunk) [Explanation on "Non-standard Audit Report" by the Board, Supervisory Committee, and Audit Committee](index=41&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E3%80%81%E5%AE%A1%E8%AE%A1%E5%A7%94%E5%91%98%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) This section is not applicable as there was no non-standard audit report for the period - There was no non-standard audit report for the reporting period[125](index=125&type=chunk) [Board's Explanation on "Non-standard Audit Report" of the Previous Year](index=41&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) This section is not applicable as there was no non-standard audit report for the previous year - There was no non-standard audit report for the previous year[125](index=125&type=chunk) [Bankruptcy and Reorganization Matters](index=41&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company was not involved in any bankruptcy or reorganization matters during the reporting period - The company was not involved in any bankruptcy or reorganization matters during the reporting period[125](index=125&type=chunk) [Litigation Matters](index=41&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) There were no major litigation or arbitration matters during the reporting period - The company had no major litigation or arbitration matters during this reporting period[126](index=126&type=chunk) - The company had no other litigation matters during the reporting period[126](index=126&type=chunk) [Penalties and Rectifications](index=41&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company was not subject to any penalties or rectifications during the reporting period - The company was not subject to any penalties or rectifications during the reporting period[126](index=126&type=chunk) [Integrity Status of the Company, its Controlling Shareholders, and Actual Controllers](index=41&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) There were no integrity issues concerning the company, its controlling shareholders, or actual controllers - There were no integrity issues concerning the company, its controlling shareholders, or actual controllers during the reporting period[127](index=127&type=chunk) [Major Related-Party Transactions](index=41&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company had no major related-party transactions during the reporting period - The company had no related-party transactions related to daily operations during the reporting period[127](index=127&type=chunk) - The company had no related-party transactions involving the acquisition or sale of assets or equity during the reporting period[128](index=128&type=chunk) - The company had no joint external investment related-party transactions during the reporting period[129](index=129&type=chunk) - There were no related-party credit or debt transactions during the reporting period[130](index=130&type=chunk) - There were no deposits, loans, credit lines, or other financial business between the company and related financial companies, or between the company's controlled financial companies and related parties[131](index=131&type=chunk)[132](index=132&type=chunk) - The company had no other major related-party transactions during the reporting period[133](index=133&type=chunk) [Major Contracts and Their Performance](index=42&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company has a significant long-term lease for its production facilities but no other major contracts to report [Custodianship, Contracting, and Leasing](index=42&type=section&id=1%E3%80%81%E6%89%98%E7%AE%A1%E3%80%81%E6%89%BF%E5%8C%85%E3%80%81%E7%A7%9F%E8%B5%81%E4%BA%8B%E9%A1%B9%E6%83%85%E5%86%B5) The company has a significant property lease for production and operations but no custodianship or contracting arrangements - The company had no custodianship arrangements during the reporting period[134](index=134&type=chunk) - The company had no contracting arrangements during the reporting period[135](index=135&type=chunk) Leasing Details | Lessee | Lessor | Leased Asset Type | Leased Asset Location | Leased Area (sqm) | Lease Start Date | Lease End Date | Lease Income | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xiamen East Asia Machinery Industrial Co, Ltd | Xiamen Zhongzhen Dongxin Investment Co, Ltd | Building | No. 588-1, Tongfu Road, Xike Town, Tongan District, Xiamen | 70,165.00 | 2022/2/1 | 2034/1/31 | Monthly rent from 2022/4/1-2022/12/31: 1,789,208 Yuan; 2023/1/1-2024/12/31: 1,613,795 Yuan; 2025/1/1-2026/1/31: 1,613,795-1,368,217.50 Yuan; 2026/2/1-2028/1/31: 1,968,128 Yuan; 2028/2/1-2031/1/31: 2,165,292 Yuan; 2031/2/1-2034/1/31: 2,382,102 Yuan | - There were no leasing projects that generated profit or loss exceeding 10% of the company's total profit for the reporting period[137](index=137&type=chunk) [Major Guarantees](index=43&type=section&id=2%E3%80%81%E9%87%8D%E5%A4%A7%E6%8B%85%E4%BF%9D) The company had no major guarantees during the reporting period - The company had no major guarantees during the reporting period[138](index=138&type=chunk) [Major Contracts in Daily Operations](index=43&type=section&id=3%E3%80%81%E6%97%A5%E5%B8%B8%E7%BB%8F%E8%90%A5%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C) No major contracts related to daily operations were disclosed for the reporting period [Other Major Contracts](index=43&type=section&id=4%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C) The company had no other major contracts during the reporting period - The company had no other major contracts during the reporting period[141](index=141&type=chunk) [Explanation of Other Major Matters](index=43&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company completed its 2024 annual dividend distribution and conducted a board of directors election - On April 24, 2025, the company approved the 2024 annual profit distribution plan to distribute a cash dividend of **RMB 1.00 per 10 shares** (tax inclusive) based on a total share capital of 381,774,116 shares, totaling **RMB 38,177,411.60** (tax inclusive)[142](index=142&type=chunk) - On May 20, 2025, the company's 2024 annual general meeting approved the profit distribution plan, which was implemented on June 5, 2025[143](index=143&type=chunk) - On June 5, 2025, the company approved the election of a new board of directors, and on June 23, 2025, it completed the election of the chairman, appointment of committee members, and appointment of senior management[143](index=143&type=chunk) [Major Matters of Subsidiaries](index=44&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) There were no major matters concerning the company's subsidiaries during the reporting period - There were no major matters concerning the company's subsidiaries during the reporting period[144](index=144&type=chunk) [Section 6 Changes in Share Capital and Shareholders](index=45&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Changes in Share Capital](index=45&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital remained unchanged at 381,774,116 shares during the reporting period Statement of Changes in Share Capital | Category | Pre-Change Quantity (shares) | Pre-Change Proportion | Change (+, -) | Post-Change Quantity (shares) | Post-Change Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Shares with Selling Restrictions | 135,590,250 | 35.52% | 0 | 135,590,250 | 35.52% | | Of which: Other domestic holdings | 126,540 | 0.03% | 0 | 126,540 | 0.03% | | Foreign individual holdings | 135,463,710 | 35.48% | 0 | 135,463,710 | 35.48% | | II. Shares without Selling Restrictions | 246,183,866 | 64.48% | 0 | 246,183,866 | 64.48% | | Of which: RMB ordinary shares | 246,183,866 | 64.48% | 0 | 246,183,866 | 64.48% | | III. Total Shares | 381,774,116 | 100.00% | 0 | 381,774,116 | 100.00% | - The company's total number of shares did not change during the reporting period[148](index=148&type=chunk) - There were no changes in restricted shares during the reporting period[148](index=148&type=chunk) [Securities Issuance and Listing](index=46&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company did not issue or list any new securities during the reporting period - The company did not issue or list any new securities during the reporting period[148](index=148&type=chunk) [Number of Shareholders and Shareholding Status](index=46&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of period-end, the company had 17,275 shareholders, with the top two shareholders holding a combined 70.94% - At the end of the reporting period, the total number of ordinary shareholders was 17,275[149](index=149&type=chunk) Shareholding of Top 10 Shareholders or Those Holding Over 5% | Shareholder Name | Shareholder Type | Shareholding Ratio | Shares Held at Period-End (shares) | Change during Period | Restricted Shares (shares) | Unrestricted Shares (shares) | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Han Yinghuan | Foreign Individual | 47.29% | 180,546,800 | 0 | 135,410,100 | 45,136,700 | N/A | | Pacific Jaguar Holdings Limited | Foreign Corporation | 23.65% | 90,272,000 | 0 | 0 | 90,272,000 | N/A | | Xiamen Furui Gaoke Investment Partnership (LP) | Domestic Non-state-owned Corp | 0.74% | 2,840,800 | - | 0 | 2,840,800 | N/A | | Xiamen Huifu Capital Investment Partnership (LP) | Domestic Non-state-owned Corp | 0.60% | 2,275,400 | 0 | 0 | 2,275,400 | N/A | | Xiamen Fafu Investment Partnership (LP) | Domestic Non-state-owned Corp | 0.49% | 1,876,000 | 0 | 0 | 1,876,000 | N/A | | Tai Chongrong | Domestic Individual | 0.38% | 1,435,100 | 377,800 | 0 | 1,435,100 | N/A | | Beijing Jiahua Baotong Consulting Co, Ltd | Domestic Non-state-owned Corp | 0.37% | 1,410,000 | 0 | 0 | 1,410,000 | N/A | | Guo Junyi | Domestic Individual | 0.31% | 1,180,000 | 0 | 0 | 1,180,000 | N/A | | Pu Huiling | Domestic Individual | 0.26% | 1,010,054 | 210,054 | 0 | 1,010,054 | N/A | | Yan Yajie | Domestic Individual | 0.26% | 1,000,000 | 500,000 | 0 | 1,000,000 | N/A | - Han Yinghuan holds 60% of Pacific Jaguar Holdings Limited through Pacific Goal and is its actual controller, establishing a concert party relationship[150](index=150&type=chunk) - Some limited partners of Xiamen Huifu Capital, Xiamen Furui Gaoke, and Xiamen Fafu are directors, supervisors, or senior managers of the company, and their general partner is Runlai (Xiamen) Investment Management Co, Ltd[150](index=150&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=48&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) There were no changes in the shareholdings of directors, supervisors, and senior management during the reporting period - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period[152](index=152&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=48&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder did not change during the reporting period[153](index=153&type=chunk) - The company's actual controller did not change during the reporting period[153](index=153&type=chunk) [Section 7 Bond-related Matters](index=50&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) [Bond-related Matters](index=50&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related matters to report for the period - The company had no bond-related matters during the reporting period[156](index=156&type=chunk) [Section 8 Financial Report](index=51&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=51&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report has not been audited - The company's semi-annual financial report has not been audited[158](index=158&type=chunk) [Financial Statements](index=51&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's unaudited financial statements for H1 2025, reflecting its financial position and performance [Balance Sheet](index=51&type=section&id=1%E3%80%81%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the company's total assets reached RMB 2.60 billion, with total liabilities of RMB 1.02 billion - As of June 30, 2025, the company's total assets were **RMB 2,596.22 million**, a **6.10%** increase from the beginning of the period[162](index=162&type=chunk) - Total current assets were RMB 1,040.61 million, and total non-current assets were RMB 1,555.61 million[160](index=160&type=chunk)[161](index=161&type=chunk) - Total liabilities were RMB 1,024.95 million, and total equity was RMB 1,571.27 million[162](index=162&type=chunk) [Income Statement](index=53&type=section&id=2%E3%80%81%E5%88%A9%E6%B6%A6%E8%A1%A8) For H1 2025, the company achieved total operating revenue of RMB 626.18 million and net profit of RMB 125.27 million - For H1 2025, total operating revenue was **RMB 626.18 million**, a **3.44%** increase compared to H1 2024[164](index=164&type=chunk) - For H1 2025, net profit was **RMB 125.27 million**, a **4.36%** increase compared to H1 2024[165](index=165&type=chunk) - Net profit attributable to parent company shareholders was RMB 125.27 million, with both basic and diluted earnings per share at RMB 0.33[166](index=166&type=chunk) [Cash Flow Statement](index=55&type=section&id=3%E3%80%81%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Net cash flow from operating activities increased by 25.58%, while cash outflow from investing activities decreased significantly - Net cash flow from operating activities was **RMB 86.36 million**, a **25.58%** increase year-on-year[169](index=169&type=chunk) - Net cash flow from investing activities was **-RMB 183.81 million**, a **37.29%** reduction in outflow year-on-year, mainly due to decreased purchases of wealth management products[169](index=169&type=chunk) - Net cash flow from financing activities was **RMB 39.55 million**, a **21.38%** increase year-on-year[170](index=170&type=chunk) - The net increase in cash and cash equivalents was **-RMB 58.44 million**, a **69.48%** reduction in outflow compared to the prior year period[170](index=170&type=chunk) [Statement of Changes in Owners' Equity](index=57&type=section&id=4%E3%80%81%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) Total owners' equity increased from RMB 1.48 billion to RMB 1.57 billion, driven by net profit and share-based payments - Total equity attributable to parent company owners increased from **RMB 1,477.82 million** at the beginning of the period to **RMB 1,571.27 million** at the end[162](index=162&type=chunk) - Total comprehensive income for the period was **RMB 125.27 million**[172](index=172&type=chunk) - Capital contributed by owners increased by **RMB 6.36 million** this period, mainly from share-based payments recognized in equity[172](index=172&type=chunk)[173](index=173&type=chunk) - Profit distribution for the period amounted to a decrease of **RMB 50.70 million**, including an appropriation to surplus reserve of RMB 12.53 million and distributions to owners of RMB 38.18 million[173](index=173&type=chunk) [Company's Basic Information](index=61&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Xiamen East Asia Machinery Industrial Co, Ltd, listed on the Shenzhen Stock Exchange, specializes in the R&D and sale of air compressors - Xiamen East Asia Machinery Industrial Co, Ltd was established through the overall transformation of Xiamen East Asia Machinery Co, Ltd and was listed on the ChiNext board of the Shenzhen Stock Exchange on July 20, 2021[178](index=178&type=chunk)[180](index=180&type=chunk) - As of June 30, 2025, the company's share capital was **RMB 381,774,116**[180](index=180&type=chunk) - The company is primarily engaged in the design, R&D, production, and sales of various air compressors, air dryers, and air storage tanks[182](index=182&type=chunk) - This financial report was approved for issuance by the third meeting of the fourth Board of Directors on August 22, 2025[183](index=183&type=chunk) [Basis of Preparation for Financial Statements](index=62&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80)

Overview - The air compressor industry in China has reached a mature stage with diverse brands and models, showing close production capabilities and quality compared to international brands, while offering higher cost-performance advantages [1][16] - The production of air compressors in China is expected to reach 78.68 million units in 2024, with a demand of 61.15 million units and a market size of 66.31 billion yuan, averaging about 1,084.3 yuan per unit [1][16] Industry Development - The air compressor industry has evolved through three stages: prior to 1999, mainly piston compressors were used; post-2000, the rapid growth of screw compressors occurred; and after 2011, market competition intensified with many small manufacturers [6] - The industry has seen a shift from Original Equipment Manufacturer (OEM) to Original Design Manufacturer (ODM) and some companies are transitioning to Original Brand Manufacturer (OBM) [4] Industry Chain - The upstream of the air compressor industry includes suppliers of metals like steel and aluminum, and components such as motors and valves, which significantly impact manufacturing costs and performance [8][10] - The downstream demand is primarily driven by the machinery sector, accounting for 42.36% of the market, followed by chemical and petrochemical industries [12] Current Market Situation - The global air compressor market is projected to reach USD 31.936 billion in 2024, with a year-on-year growth of 4.0% [14] - The domestic market is characterized by intense competition, with many local companies focusing on low-end products, leading to price wars and reduced profit margins [20] Competitive Landscape - The competitive landscape is divided into three tiers: international renowned companies like Atlas Copco and Ingersoll Rand, strong domestic companies like Kaishan and Baos, and smaller firms lacking R&D capabilities [18][19] - Domestic companies are increasingly adopting service-oriented business models, providing comprehensive energy solutions and competing with international firms [19] Company Analysis - Kaishan Group is a leading player with a projected revenue of 4.235 billion yuan in 2024, focusing on screw compressors and expanding into high-tech products [22][24] - Shanghai Hanbell Precise Machinery Co., Ltd. is another key player, with a revenue of 3.674 billion yuan in 2024, specializing in screw compressors for industrial automation [26] Future Trends - The industry is moving towards energy-saving and low-emission products, with a growing market share for energy-efficient models like permanent magnet variable frequency screw compressors [28] - The integration of AI and IoT technologies is expected to enhance the functionality of air compressors, enabling real-time monitoring and predictive maintenance [28]

Group 1 - The company responded to an investor inquiry regarding the number of shareholders as of July 31, 2025, indicating a total of 18,056 shareholders, which includes both ordinary accounts and margin trading accounts [1]

通过天眼查大数据分析，厦门东亚机械工业股份有限公司共对外投资了1家企业，参与招投标项目214 次，知识产权方面有商标信息66条，专利信息186条，此外企业还拥有行政许可46个。 东亚机械最新一期业绩显示，截至2025一季报，公司营业总收入3.01亿元、同比增长6.53%，归属净利 润5613.52万元，同比增长9.78%，扣非净利润4949.41万元，同比增长10.13%，流动比率1.507、速动比 率1.241、资产负债率39.54%。 天眼查商业履历信息显示，厦门东亚机械工业股份有限公司，成立于1991年，位于厦门市，是一家以从 事通用设备制造业为主的企业。企业注册资本38177.4116万人民币，实缴资本38177.4116万人民币。公 司法定代表人为韩萤焕。 金融界消息 截至2025年7月30日收盘，东亚机械（301028）报收于12.6元，下跌1.56%，换手率2.31%， 成交量5.75万手，成交金额7251.86万元。 资金流向方面，今日主力资金净流出1224.68万元，占比成交额16.89%。其中，超大单净流出745.58万 元、占成交额10.28%，大单净流出479.09万元、占成交额6.6 ...

Group 1: Product Development and Market Performance - The company increased R&D investment in 2024, upgrading oil-free screw compressors and screw vacuum pumps, resulting in steady sales growth in these products, particularly in the semiconductor and new energy sectors [2] - The centrifugal compressor models completed phase application tests in 2024, with stable performance and increased product styles in early 2025, leading to expected shipments [2] - The company has successfully launched its first dry vacuum pump products for high-end industries, indicating a broader product line and market penetration [2] Group 2: Domestic Replacement Progress - The company has achieved significant domestic replacement capabilities, with products in medical, electronics, and semiconductor sectors gaining recognition from major companies [2] - The acceleration of domestic replacement is expected to boost demand for compressors and vacuum pumps [2] Group 3: Export Business and Market Expansion - Current export markets include Indonesia, Vietnam, Malaysia, and Thailand, with overseas revenue growing by 18.22% year-on-year in 2024 [2] - The company plans to expand its overseas market presence, particularly in Southeast Asia, leveraging the "Belt and Road" initiative to establish more foreign trade sales channels [2] Group 4: Profit Margin Stability - The company maintains stable gross margins due to a strong R&D team, enhanced competitiveness of high-end products, and an increasing number of large clients [3] - Cost control measures include improved internal management, long-term partnerships with key suppliers, and lean production practices [3] Group 5: Future Outlook - The company expects steady growth in 2025, focusing on high-end model R&D, product line expansion, and optimizing sales channels [3] - A new factory is set to be completed in 2025, with plans to adjust business strategies based on market conditions and explore new industries [3]

Core Points - The company has completed the registration of the second vesting period for the 2023 restricted stock incentive plan and the first vesting period for reserved grants [1][19][29] - The total number of restricted stocks granted in the first grant was 7,294,740 shares, which has been adjusted to 7,155,290 shares due to the loss of eligibility of 6 individuals [16][24] - The vesting conditions for the second vesting period and the first reserved grant have been achieved, allowing 228 individuals to vest a total of 2,275,572 shares [23][27] Summary of the 2023 Incentive Plan - The incentive plan involves the issuance of restricted stocks, with the first grant date set for July 10, 2023, at a price of 4.86 yuan per share [3][11] - The plan includes performance assessment criteria at both company and individual levels, with specific revenue and net profit growth targets for each vesting period [5][12][22] - The first vesting period requires a minimum revenue growth of 21% or net profit growth of 16% compared to 2022 [6][22] Vesting Details - The second vesting period for the first grant will occur 24 months after the initial grant date, while the first reserved grant will vest on April 23, 2025 [19][24] - The vesting price for the shares has been adjusted to 4.56 yuan per share after the completion of the vesting conditions [24][27] - The total number of shares available for trading after vesting will be 2,275,572 shares, representing 0.5961% of the company's total share capital [25][27] Financial Impact - The company’s registered capital will increase from 381,774,116 yuan to 384,049,688 yuan following the vesting of shares [26][27] - The vesting of these shares is expected to have a minor impact on the company's earnings per share, with the basic earnings per share projected to be 0.57 yuan [27] Legal Compliance - The company has obtained necessary approvals for the adjustments and vesting conditions, ensuring compliance with relevant regulations and guidelines [28][29]

证券代码：301028 证券简称：东亚机械 公告编号：2025-040 重要内容提示： 1、本次归属的激励对象人数：228 人； 2、本次归属的限制性股票数量：2,275,572 股，占归属前公司总股本的 0.5961%； 厦门东亚机械工业股份有限公司（以下简称"公司"）于 2025 年 7 月 1 日召开了第 四届董事会第二次会议，审议通过《关于 2023 年限制性股票激励计划首次授予第二个 归属期及预留授予第一个归属期归属条件成就的议案》。近日，公司已办理完成了 2023 年限制性股票激励计划（以下简称"本激励计划"或"2023 年激励计划"）首次授予第二个 归属期及预留授予第一个归属期股份归属登记工作，现将有关情况公告如下： 一、2023 年激励计划事实情况概要 （一）2023 年激励计划简述及首次授予和预留授予情况 厦门东亚机械工业股份有限公司 关于 2023 年限制性股票激励计划首次授予第二个归属期及预留授予第一 个归属期归属结果暨股份上市公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 2023 年 4 月 21 日、2023 年 5 月 17 ...

Core Points - The company has approved the achievement of the vesting conditions for the second vesting period of the 2023 Restricted Stock Incentive Plan and the first vesting period of the reserved grants [1][20][24] - The total number of restricted stocks granted in the first grant was 7,294,740 shares, which has been adjusted to 7,155,290 shares due to the departure of 6 incentive objects [17][18] - The vesting price for the first grant was set at 4.86 yuan per share, which has been adjusted to 4.56 yuan per share following the company's dividend distribution [19][27] Summary of the 2023 Incentive Plan - The incentive plan involves the issuance of restricted stocks to 217 individuals, with a total of 729.474 million shares granted [3][4] - The vesting schedule includes three periods: the first vesting period after 12 months, the second after 24 months, and the third after 36 months from the grant date [4][5] - Performance targets for the first vesting period require a minimum net profit growth of 8%, while the second and third periods require growth of 16% and 25%, respectively [6][14] Performance Assessment - Company-level performance assessment is based on achieving specific financial targets, including revenue and net profit growth [5][13] - Individual performance assessments categorize results into three levels (A, B, C), affecting the number of shares that can be vested [8][14] - The total number of shares that can be vested for the second vesting period is 2,275,572 shares, with 228 individuals meeting the vesting conditions [24][27] Legal and Compliance - The board has confirmed that all necessary approvals and authorizations for the incentive plan have been obtained, ensuring compliance with relevant laws and regulations [28] - The company has conducted a review to ensure that no participating directors or senior management have traded company shares in the six months prior to the announcement [26][28]

授予价格调整、作废部分已授予尚未归属限制性股票 及首次授予第二个归属期及预留授予第一个归属期归属条件成就 的法律意见书 致: 厦门东亚机械工业股份有限公司 敬启者: 上海市通力律师事务所 关于厦门东亚机械工业股份有限公司 2023 年限制性股票激励计划 上海市通力律师事务所(以下简称"本所")受厦门东亚机械工业股份有限公司(以下简 称"东亚机械"或"公司")委托, 指派本所翁晓健律师、李昱程律师(以下简称"本所律 师")作为公司特聘专项法律顾问, 就公司 2023 年限制性股票激励计划(以下简称"本次股 权激励计划"或"本次激励计划")授予价格调整(以下简称"本次调整")、作废部分已授 予尚未归属限制性股票(以下简称"本次作废")及首次授予第二个归属期及预留授予第一个 归属期归属条件成就(以下简称"本次归属")事项, 根据《中华人民共和国公司法》(以下简 称"《公司法》")、《中华人民共和国证券法》(以下简称"《证券法》")、中国证券监督 管理委员会(以下简称"中国证监会")发布的《上市公司股权激励管理办法》(以下简称 "《管理办法》")、深圳证券交易所发布的《深圳证券交易所创业板股票上市规则》(以下 简称" ...