Core Viewpoint - The company, Beijing Yacon Wanruisi Information Technology Co., Ltd., has engaged in discussions with various institutions regarding its business performance, overseas development, and strategies to address recent challenges [1][2]. Group 1: Company Business and Performance - The company is a leading third-party service provider in the computing infrastructure sector, offering comprehensive services for computing parks and data centers [3]. - For the first half of 2025, the company reported a revenue of 602.76 million yuan, a year-on-year decrease of 20.36%. The net profit attributable to shareholders was 17.96 million yuan, down 56.50% year-on-year, while the net profit after deducting non-recurring gains and losses was 18.43 million yuan, reflecting a 55.04% decline year-on-year [3]. Group 2: Reasons for Performance Decline and Response Measures - The decline in performance is primarily attributed to impairment provisions for inventory and accounts receivable, with credit impairment losses of 1.40 million yuan and asset impairment losses of 28.72 million yuan [4]. - In response to overdue payments, the company has formed a specialized legal team to advance litigation, with some progress already made. Additionally, the company is prioritizing the management of inventory and plans to upgrade its management mechanisms [4]. Group 3: Overseas Business Development - The company is leveraging its full industry chain technology and operational experience to track the global expansion of leading enterprises, focusing on markets in Southeast Asia and utilizing its domestic experience to mitigate challenges in overseas projects [5]. Group 4: Operational Competitiveness - As market focus on resource utilization increases, the demand for operational maintenance of complex IT systems has risen. The company has extensive experience in the internet sector, allowing it to provide comprehensive services and establish standardized processes and emergency mechanisms to ensure facility operations [6]. Group 5: Future Investment Directions - The company is implementing a dual-driven strategy of "internal growth and strategic investment" to consolidate existing businesses, explore business integration opportunities, and selectively choose investment targets. This approach aims to expand industry margins and enhance development quality. Furthermore, the company plans to repurchase shares in 2024 for equity incentives and will advance related plans to establish a long-term incentive mechanism [7].

证券代码：301085 证券简称：亚康股份 北京亚康万玮信息技术股份有限公司 投资者关系活动记录表 编号：2025-004 公司 2025 半年度业绩下滑主要系存货、应收账款的减值计 提，其中信用减值损失 139.78 万元、资产减值损失 2,872.44 万 元。 针对存在严重逾期风险的款项，公司组建了专业法律团队， 通过多维度、系统性的分析，并结合法律法规和实际情况，制定 出一套完善的诉讼策略。目前，相关案件已进入法律程序，部分 已取得实质性进展，公司将持续推进司法维权工作，确保最大限 度挽回损失。 针对存货，公司已将存货处理纳入重点工作，相关方案正稳 步推进。下一步，将持续升级存货管理机制，强化与供应商的采 购协同及与客户的需求对接，最大限度减少存货减值情况的发生， 提升存货周转效率。 2、公司海外业务的发展情况？ 公司充分发挥全产业链技术优势与规模化运营经验，积极跟 踪算力基础设施行业头部企业、互联网头部企业的全球化布局进 展，拓展海外市场尤其是东南亚市场的战略布局。凭借在国内市 场积累的成熟运营经验，包括成本优化、运维效率提升以及安全 冗余设计等核心能力，能够有效降低海外项目的实施难度，助力 公司实 ...

Core Viewpoint - The recent financial report of Yacon Co., Ltd. (301085) indicates a significant decline in revenue and net profit for the first half of 2025 compared to the previous year, raising concerns about the company's financial health and operational efficiency [1][3]. Financial Performance - Total revenue for the first half of 2025 was 603 million yuan, a decrease of 20.36% year-on-year [1]. - The net profit attributable to shareholders was 17.96 million yuan, down 56.5% year-on-year [1]. - In Q2 2025, total revenue was 319 million yuan, a decline of 17.25% year-on-year, with a net profit of 841 thousand yuan, down 95.48% year-on-year [1]. - The gross margin improved to 17.57%, an increase of 25.62% year-on-year, while the net margin fell to 2.93%, a decrease of 46.21% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 51.66 million yuan, representing 8.57% of revenue, an increase of 53.58% year-on-year [1]. Balance Sheet and Cash Flow - The company reported a significant accounts receivable issue, with accounts receivable amounting to 714 million yuan, which is 2597% of the latest annual net profit [1][3]. - Cash and cash equivalents increased to 385 million yuan, a rise of 102.47% year-on-year [1]. - The company has a negative operating cash flow per share of -1.07 yuan, although this represents a 14.04% improvement year-on-year [1]. Return on Investment and Business Model - The company's Return on Invested Capital (ROIC) for the previous year was 2.86%, indicating weak capital returns [3]. - The historical median ROIC since the company went public is 15.41%, suggesting that the current performance is below historical averages [3]. - The business model relies heavily on research and marketing, necessitating a deeper analysis of the underlying drivers of performance [3].

Summary of Key Points Core Viewpoint - Yacon Co., Ltd. (301085.SZ) released its semi-annual report for 2025, indicating a notable presence of institutional investors holding shares in the company, with a slight decline in their overall holding percentage compared to the previous quarter [1]. Institutional Holdings - As of August 27, 2025, five institutional investors disclosed their holdings in Yacon Co., with a total of 15.5966 million shares, representing 17.97% of the total share capital [1]. - The institutional investors include Haikou Xiangyuan Zhihong Venture Capital Partnership, Beijing Hengmao Yisheng Enterprise Management Consulting Center, Haikou Tianyou Yongfeng Venture Capital Partnership, Hong Kong Central Clearing Limited, and Beijing Yiyang Tianyi Enterprise Management Consulting Center [1]. - Compared to the previous quarter, the total institutional holding percentage decreased by 1.65 percentage points [1]. Foreign Investment - In terms of foreign investment, there was an increase in holdings from one foreign fund, specifically Hong Kong Central Clearing Limited, which raised its stake by 0.41% compared to the prior period [1].

证券代码：301085 证券简称：亚康股份 公告编号：2025-073 北京亚康万玮信息技术股份有限公司 关于开展融资租赁售后回租业务的公告 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。 北京亚康万玮信息技术股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召开第三届董事会第四次会议，审议通过了《关于开展融资租赁售后回租 业务的议案》，现将相关事项公告如下： 一、交易概述 1、为进一步盘活存量资产，增加融资渠道，满足公司经营需求，公司将开 展融资租赁售后回租业务，使用部分资产采用售后回租等方式与浙江浙银金融租 赁股份有限公司（以下简称"浙银金租"）开展融资租赁业务，融资金额不超过 人民币 5,000 万元，在上述融资租赁售后回租业务额度内的租赁标的、租赁期限、 租金及支付方式等具体内容以签订的合同或协议为准。 3、成立日期：2017 年 01 月 18 日 4、注册地址：浙江省舟山经济开发区迎宾大道 111 号 23 层（自贸试验区内） 公司本次开展融资租赁售后回租业务需实际控制人徐江先生提供担保，其额 度在公司 2025 年度接受担保额度预 ...

| 非经营性资金 | | 占用方与上 | 上市公司 | 2025 年期 | 2025 年半年度占 | 2025 年半年度 | 2025 年半年 | 2025 年 6 月 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占用 | 资金占用方名称 | 市公司的关 | 核算的会计 | 初占用资金 | 用累计发生金额 | 占用资金的利 | 度偿还累计 | 期末占用资 | 占用形成原因 | 占用性质 | | | | 联关系 | 科目 | 余额 | （不含利息） | 息（如有） | 发生金额 | 金余额 | | | | 控股股东、实际 | | | | | | | | | | | | 控制人及其附 | | | | | | | | | | | | 属企业 | | | | | | | | | | | | 小 计 | | | | | | | | | | | | 前控股股东、实 | | | | | | | | | | | | 际控制人及其 | | | | | | | | | | | | 附属企业 | | | | | | | | ...

证券代码：301085 证券简称：亚康股份 公告编号：2025-074 北京亚康万玮信息技术股份有限公司 关于计提资产减值准备的公告 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。 北京亚康万玮信息技术股份有限公司（以下简称"公司"或"本公司"）根 据《企业会计准则》《深圳证券交易所创业板股票上市规则》等有关规定，对公 司及下属子公司截至 2025 年 6 月 30 日合并财务报表范围内的各项需要计提减值 的资产进行了减值测试和分析，基于谨慎性原则，对预计存在较大可能发生减值 损失的相关资产计提减值准备，现将具体情况公告如下： 一、本次计提资产减值准备情况概述 1、计提资产减值准备的原因 根据《企业会计准则》《深圳证券交易所创业板股票上市规则》等相关规定 的要求，为了更加真实、准确地反映公司的资产状况和财务状况，公司及下属子 公司对截止 2025 年 6 月 30 日的应收款项、存货进行了全面清查。在清查的基础 上，对各类存货的可变现净值、应收款项的回收可能性进行了充分的分析、评估 和测试，基于谨慎性原则，对预计存在较大可能发生减值损失的相关资产计提减 值准备 ...

证券代码：301085 证券简称：亚康股份 公告编号：2025-072 北京亚康万玮信息技术股份有限公司 2025 年半年度募集资金存放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。 一、募集资金基本情况 （一）首次公开发行 A 股普通股票募集资金情况 1、 扣除发行费用后的实际募集资金金额、资金到账时间 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2021 年 8 月 2 日出具的《关于同意北京亚康万玮信息技术股份有限公司首次公开发行股票注册 的批复》（证监许可[2021]2602 号）的核准，同意北京亚康万玮信息技术股份有 限公司（以下简称"公司"或"本公司"或"亚康股份"）向社会公开发行人民 币普通股 2,000 万股(每股面值 1 元)，每股发行价格为人民币 21.44 元。截至 2021 年 10 月 13 日止，本公司实际已发行人民币普通股 2,000 万股，募集资金总额人 民币 428,800,000.00 元，扣除各项发行费用人民币 58,222,641.55 元，实际募集 资金净额人民币 370,577,35 ...

证券代码：301085 证券简称：亚康股份 公告编号：2025-070 北京亚康万玮信息技术股份有限公司 第三届董事会第四次会议决议公告 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 北京亚康万玮信息技术股份有限公司（以下简称"公司"）第三届董事会第 四次会议于 2025 年 8 月 15 日以邮件方式发出会议通知及会议资料。会议于 2025 年 8 月 27 日在公司第一会议室以现场和通讯会议相结合的方式召开。本次会议 由公司董事长徐江先生召集并主持，会议应出席董事 7 人，实际出席董事 7 人。 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 《中华人民共和国公司法》等法律法规和《公司章程》的有关规定。本次会议程 序以及通过的决议合法有效。 二、董事会会议审议情况 本次会议与会董事经过认真审议，通过如下决议： 1、审议通过《关于<2025 年半年度报告>及其摘要的议案》 经审议，董事会认为，公司《2025 年半年度报告》及《2025 年半年度报告 摘要》符合法律、行政法规、中国证券监督管理委员会（以下简称" ...

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 603 million yuan, representing a year-on-year decrease of 20.36% [1] - The net profit attributable to shareholders was 17.96 million yuan, down 56.50% compared to the previous year [1] - Basic earnings per share were 0.21 yuan, reflecting a decline of 55.32% year-on-year [1] Dividend Policy - The company announced plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves [1]