Group 1 - The core viewpoint of the news is that Hongfuhuan's stock price has declined by 5.01% to 62.76 CNY per share, with a total market capitalization of 5.648 billion CNY as of the report date [1] - Hongfuhuan Technology Co., Ltd. specializes in the design, research and development, production, and sales of functional components for consumer electronics and automation equipment, with its main business revenue composition being 73.40% from consumer electronic functional components, 12.76% from cooling products, 8.89% from automation equipment and related products, and 4.96% from materials and others [1] - The company is located in Longgang District, Shenzhen, Guangdong Province, and was established on February 13, 2008, with its listing date on October 20, 2021 [1] Group 2 - Among the top ten circulating shareholders of Hongfuhuan, a fund under Dacheng Fund has increased its holdings by 68,400 shares, bringing its total to 333,000 shares, which accounts for 0.7% of the circulating shares [2] - The Dacheng CSI 360 Internet + Index A fund has a current scale of 698 million CNY and has achieved a year-to-date return of 35.65%, ranking 1064 out of 4222 in its category [2] - The fund has a one-year return of 86.08%, ranking 596 out of 3781, and a cumulative return since inception of 219.94% [2]

证券代码：301086 证券简称：鸿富瀚 公告编号：2025-059 深圳市鸿富瀚科技股份有限公司 关于举办2025年半年度网上业绩说明会的公告 重要内容提示： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 9 月 10 日 前 访 问 网 址 https://eseb.cn/1r8qbRkB6Uw 或使用微信扫描下方小程序码进行会前提问，公 司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行 回答。 深圳市鸿富瀚科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日在巨潮资讯网上披露了《2025 年半年度报告》及《2025 年半年度报告摘要》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 2025 年 9 月 10 日（星期三）15:30-16:30 在"价值在线"（www.ir-online.cn） 举办深圳市鸿富瀚科技股份有限公司 2025 年半年度业绩说明会，与投资者进行 沟通和交流，广泛听取投资者的意见和建议。 一、说明会召开的时间、地点和方式 会议召开时间：2025 年 9 月 10 日（星期三）15:30-16 ...

据证券之星公开数据整理，近期鸿富瀚（301086）发布2025年中报。截至本报告期末，公司营业总收入 3.55亿元，同比上升9.37%，归母净利润2273.19万元，同比下降52.41%。按单季度数据看，第二季度营 业总收入1.82亿元，同比下降6.81%，第二季度归母净利润404.06万元，同比下降79.77%。本报告期鸿 富瀚公司应收账款体量较大，当期应收账款占最新年报归母净利润比达396.3%。 本次财报公布的各项数据指标表现一般。其中，毛利率29.39%，同比减18.34%，净利率5.61%，同比减 61.85%，销售费用、管理费用、财务费用总计5738.59万元，三费占营收比16.15%，同比增20.74%，每 股净资产21.03元，同比增0.58%，每股经营性现金流0.36元，同比减46.84%，每股收益0.25元，同比减 52.83% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 3.25 Z | 3.55亿 | 9.37% | | 归母净利润(元) | 4776.52万 | 2273.19万 | ...

Core Insights - The company reported a main revenue of 355 million yuan for the first half of 2025, representing a year-on-year increase of 9.37% [1] - The net profit attributable to shareholders was 22.73 million yuan, showing a significant decline of 52.41% year-on-year [1] - The second quarter of 2025 saw a main revenue of 182 million yuan, which is a decrease of 6.81% compared to the same period last year [1] Financial Performance - The net profit for the second quarter of 2025 was 4.04 million yuan, down 79.77% year-on-year [1][4] - The non-recurring net profit for the first half of 2025 was 20.91 million yuan, a decrease of 49.07% year-on-year [1][4] - The second quarter's non-recurring net profit was 3.43 million yuan, reflecting an 80.51% decline year-on-year [1][4] Profitability Metrics - The company's debt ratio stood at 29.44% [1] - Investment income was reported at 751,100 yuan, while financial expenses amounted to 1.72 million yuan [1] - The gross profit margin was 29.39%, indicating a year-on-year decrease of 18.33% [7] Earnings Per Share - Earnings per share (EPS) for the first half of 2025 was 0.25 yuan, down 52.83% year-on-year [7] - The operating cash flow per share was 0.36 yuan, reflecting a decline of 46.84% year-on-year [7] Shareholder Information - The top shareholder, Zhang Dingwu, holds 28.40% of the shares, with several new entrants among the top ten shareholders [12]

鸿富瀚公告，2025年上半年营业收入3.55亿元，同比增长9.37%。净利润2273.19万元，同比下降 52.41%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

证券代码：301086 证券简称：鸿富瀚 公告编号：2025-058 深圳市鸿富瀚科技股份有限公司 2025年半年度募集资金存放、管理与使用情况专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 根据中国证券监督管理委员会《上市公司募集资金监管规则》《深圳证券交 易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》的相关规定， 深圳市鸿富瀚科技股份有限公司（以下简称"公司"）就 2025 年半年度募集资 金存放、管理与使用情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 根据 2021 年 8 月 19 日中国证券监督管理委员会《关于同意深圳市鸿富瀚科 技股份有限公司首次公开发行股票注册的批复》（证监许可[2021]2743 号）， 深圳市鸿富瀚科技股份有限公司（以下简称"公司"）获准首次向社会公众公开 发行人民币普通股 15,000,000.00 股，每股面值为人民币 1.00 元，发行价格为 每股人民币 96.66 元，募集资金总额为人民币 1,449,900,000.00 元，扣除发行 费 用 人 民 币 ...

深圳市鸿富瀚科技股份有限公司 2025 年半年度 非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 | 经 营 | 性 | 资 | | 占用方与上市公 | 上市公司核算的会 | 2025 年 | 2025 半年度 占用累计发 | 2025 半年度 | 2025 半年度 | 2025 年半年度 | | | 非 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 资金占用方名称 | | | 期初占用 | | 占用资金的 | 偿还累计发 | 期末占用资金 | 占用形成原因 | 占用性质 | | | 金占用 | | | | 司的关联关系 | 计科目 | | 生金额（不 | | | | | | | | | | | | | | 资金余额 | 含利息） | 利息(如有) | 生金额 | 余额 | | | | | 股 股 | 东 | 、 | | | | | | | | | | 非经营性占用 | 控 | | 际 控 | 制 | 人 | | | | | | | | | | | 实 | ...

[Important Notes, Table of Contents and Definitions](index=2&type=section&id=Item%201%20Important%20Notes%2C%20Table%20of%20Contents%20and%20Definitions) This section provides important disclaimers, outlines the report's structure, and defines key terms for clarity [Important Notes](index=2&type=section&id=Important%20Notes) The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[3](index=3&type=chunk) - Forward-looking statements regarding future plans and development strategies in this report do not constitute a substantive commitment to investors, who should be aware of investment risks[4](index=4&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This report's table of contents clearly lists eight main chapters, covering important notes, company profile, MD&A, corporate governance, significant matters, share changes, bond information, and financial reports, along with a list of reference documents - The report's table of contents includes eight main chapters, from important notes to financial reports[7](index=7&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines key terms used in the report, including company names, major shareholders, related parties, regulatory bodies, and financial measurement units, ensuring accurate understanding of the report's content - Key terms such as "Hongfuhan", "the Company", and "Reporting Period" are clearly defined in the report[12](index=12&type=chunk) - Major related parties include Hon Hai International, Foxconn, ZDT, Amphenol Group, BOE, Luxshare Group, and Cheng Uei Group[12](index=12&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Item%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company, its contact information, and a summary of its key financial performance and position during the reporting period [Company Profile](index=6&type=section&id=I.%20Company%20Profile) Shenzhen Hongfuhan Technology Co., Ltd. (stock abbreviation: Hongfuhan, stock code: 301086) is listed on the Shenzhen Stock Exchange, with Zhang Dingwu as its legal representative - The company's stock abbreviation is **"Hongfuhan"**, stock code **"301086"**, and it is listed on the Shenzhen Stock Exchange[14](index=14&type=chunk) - The company's legal representative is Zhang Dingwu[14](index=14&type=chunk) [Contacts and Contact Information](index=6&type=section&id=II.%20Contacts%20and%20Contact%20Information) The company's Board Secretary is Zhang Siming, and the Securities Affairs Representative is Liao Menghui, with contact details provided for its headquarters in Shenzhen - The Board Secretary is Zhang Siming, and the Securities Affairs Representative is Liao Menghui[15](index=15&type=chunk) - The company's contact address is Hongfuhan Technology Building, No. 11 Tuoxin Road, Baolong Community, Baolong Street, Longgang District, Shenzhen, Guangdong Province[15](index=15&type=chunk) [Other Information](index=6&type=section&id=III.%20Other%20Information) The company's registered and office addresses changed during the reporting period, as disclosed in a temporary announcement on May 21, 2025, while information disclosure and registration details remained unchanged from the 2024 annual report - The company's registered and office addresses have changed to Building 1, No. 11 Tuoxin Road, Baolong Community, Baolong Street, Longgang District, Shenzhen[16](index=16&type=chunk) - Information disclosure, filing locations, and registration status remained unchanged during the reporting period, as detailed in the 2024 annual report[17](index=17&type=chunk)[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During this reporting period, the company's operating revenue increased by 9.37% year-on-year, but net profit attributable to shareholders and non-recurring net profit both significantly decreased by over 50%, with net cash flow from operating activities also falling by 46.84%; total assets slightly increased, while net assets attributable to shareholders decreased Key Accounting Data and Financial Indicators (Year-on-Year Change) | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Period-on-Period Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 355,412,637.78 | 324,975,488.43 | 9.37% | | Net Profit Attributable to Shareholders of Listed Company | 22,731,914.11 | 47,765,220.59 | -52.41% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains and Losses) | 20,905,996.04 | 41,046,691.75 | -49.07% | | Net Cash Flow from Operating Activities | 32,584,572.80 | 61,295,446.90 | -46.84% | | Basic Earnings Per Share (yuan/share) | 0.2500 | 0.5300 | -52.83% | | Diluted Earnings Per Share (yuan/share) | 0.2500 | 0.5300 | -52.83% | | Weighted Average Return on Net Assets | 1.16% | 2.48% | -1.32% | | **Period-End Indicators** | **Current Period-End (yuan)** | **Prior Year-End (yuan)** | **Change from Prior Year-End** | | Total Assets | 2,685,197,124.54 | 2,670,198,323.77 | 0.56% | | Net Assets Attributable to Shareholders of Listed Company | 1,893,009,691.16 | 1,942,100,320.13 | -2.53% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) During the reporting period, the company reported no differences in net profit and net assets between financial statements prepared under international or overseas accounting standards and those prepared under Chinese accounting standards - The company reported no differences in net profit and net assets between financial statements disclosed under international accounting standards and those under Chinese accounting standards during the reporting period[20](index=20&type=chunk) - The company reported no differences in net profit and net assets between financial statements disclosed under overseas accounting standards and those under Chinese accounting standards during the reporting period[21](index=21&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Non-recurring gains and losses totaled **1,825,918.07 yuan** for this reporting period, primarily comprising government grants, fair value changes, and non-current asset disposal gains/losses, with government grants being the main positive contributor Non-Recurring Gains and Losses Items and Amounts | Item | Amount (yuan) | | :--- | :--- | | Disposal gains/losses of non-current assets | -612,128.48 | | Government grants recognized in current profit or loss | 2,973,201.58 | | Fair value changes and disposal gains/losses of financial assets and liabilities held by non-financial enterprises | -451,485.63 | | Other non-operating income and expenses apart from the above | 264,089.98 | | Less: Income tax impact | 342,760.89 | | Impact on minority interests (after tax) | 4,998.49 | | Total | 1,825,918.07 | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses, nor does it classify non-recurring gains and losses as recurring gains and losses[23](index=23&type=chunk)[24](index=24&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Item%203%20Management%20Discussion%20and%20Analysis) This section analyzes the company's main businesses, core competencies, financial performance, investment activities, and risks during the reporting period [Main Businesses of the Company During the Reporting Period](index=9&type=section&id=I.%20Main%20Businesses%20of%20the%20Company%20During%20the%20Reporting%20Period) In the first half of 2025, the consumer electronics industry continued its recovery, driven by AI, foldable screens, and premiumization, leading to market expansion; the company, as a high-tech enterprise, saw operating revenue increase by 9.37% but net profit decline by 52.41% due to market fluctuations and strategic investments, focusing on R&D, production, and sales of precision functional components, automation equipment, thermal management solutions, and new materials, primarily through a "production-to-order" direct sales model [1. Industry Development Status and Trends](index=9&type=section&id=1.%20Industry%20Development%20Status%20and%20Trends) In the first half of 2025, the consumer electronics industry continued its recovery, with AI, foldable screens, and premiumization as key drivers, projecting significant growth in global smartphone, generative AI phone, and AIPC shipments - In the first half of 2025, the consumer electronics industry continued its recovery and growth, with **AI, foldable screens, and premiumization** as core drivers[26](index=26&type=chunk) - Global smartphone shipments reached **1.24 billion units in 2024**, a year-on-year increase of approximately **6.4%**; China's foldable phone shipments increased by **30.8%** year-on-year[26](index=26&type=chunk) - Generative AI phone shipments are projected to reach nearly **420 million units in 2025**, an **82.7%** year-on-year increase; global AIPC shipments are expected to reach **114 million units**, a **165.5%** increase from 2024[26](index=26&type=chunk) [2. Major Laws, Regulations and Industry Policies](index=9&type=section&id=2.%20Major%20Laws%2C%20Regulations%20and%20Industry%20Policies) National policies actively promote the upgrade and replacement of consumer electronic products, such as measures to boost consumption and trade-ins, while strengthening product quality and consumer protection - The National Development and Reform Commission, Ministry of Industry and Information Technology, and other departments issued "Several Measures to Promote Electronic Product Consumption" to drive electronic product upgrades and "trade-in" policies[28](index=28&type=chunk) - The State Council released the "Regulations for the Implementation of the Consumer Rights Protection Law of the People's Republic of China", regulating issues like automatic renewals and prepaid consumption, and strengthening e-commerce platform responsibilities[28](index=28&type=chunk) [3. Company Industry Position](index=9&type=section&id=3.%20Company%20Industry%20Position) As a "specialized, refined, unique, and innovative" small giant and national high-tech enterprise, the company's semi-annual operating revenue in 2025 increased by 9.37% to **355.41 million yuan**, but net profit attributable to shareholders decreased by 52.41% to **22.73 million yuan**, primarily due to declining profitability of core products, increased strategic investments (e.g., overseas market expansion, new business development), and higher fixed cost amortization from new business capacity ramp-up; the company plans to focus on technology R&D, market expansion, production efficiency, and refined management to enhance profitability - The company is a **"specialized, refined, unique, and innovative" small giant** and a **national high-tech enterprise**[29](index=29&type=chunk) 2025 Semi-Annual Company Performance | Indicator | Amount (million yuan) | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue | 355.41 | 9.37% | | Net Profit Attributable to Shareholders of Listed Company | 22.73 | -52.41% | - Profit decline is mainly due to market fluctuations, declining profitability of core products, increased strategic investments (Vietnam, Thailand market expansion, new business/product development), and higher fixed cost amortization from new business capacity ramp-up[30](index=30&type=chunk) - The company will focus on strengthening technology R&D (liquid cooling technology), accelerating emerging market expansion, optimizing production and operational efficiency, and deepening refined management to achieve high-quality development with "both scale and efficiency"[30](index=30&type=chunk) [4. Company's Main Business](index=10&type=section&id=4.%20Company's%20Main%20Business) The company's main business encompasses the R&D, design, production, and sales of precision functional components, automation equipment, thermal management solutions, and new materials, widely applied in smartphones, tablets, laptops, servers, and new energy vehicles; the company adopts a centralized procurement, "production-to-order" manufacturing model, and a direct sales model - The company primarily engages in the R&D, design, production, and sales of **precision functional components, automation equipment, thermal management solutions, and new materials**[31](index=31&type=chunk) - Products are widely used in smartphones, tablets, laptops, smart wearables, servers, graphics cards and data center equipment, communication base stations, photovoltaic solar energy, new energy vehicles, and other fields[31](index=31&type=chunk) [(1) Company's Main Product Categories](index=10&type=section&id=(1)%20Company's%20Main%20Product%20Categories) The company's products primarily include precision functional components (such as thermal conductive, optical, insulating, stamping shielding, metal stretching, and mobile camera injection molded accessories), automation equipment (e.g., LCD module automatic Mylar贴 attachment machines, laptop speaker metal cover sound hole laser cutting and mesh attachment equipment, CVL automatic laminating machines), and thermal management products and solutions (data center liquid/air cooling modules, consumer electronics air cooling modules) - Precision functional components include **thermal conductive, optical, insulating, stamping shielding, metal stretching, and mobile camera injection molded accessories**[32](index=32&type=chunk)[33](index=33&type=chunk) - Automation equipment includes **LCD module automatic Mylar attachment machines, laptop speaker metal cover sound hole laser cutting and mesh attachment equipment, and CVL automatic laminating machines**[33](index=33&type=chunk) - Thermal management products and solutions include **data center liquid cooling modules, data center air cooling modules, and consumer electronics air cooling modules**[34](index=34&type=chunk)[35](index=35&type=chunk) [(2) Company's Main Operating Models](index=12&type=section&id=(2)%20Company's%20Main%20Operating%20Models) The company's procurement is centrally managed by the procurement department with strict supplier evaluation and quality control; production follows a "production-to-order" model based on orders, with outsourced processing managed; sales are primarily direct, with framework agreements and order-based supply and settlement - Procurement model: The procurement department centrally manages, evaluates suppliers, establishes a list of qualified suppliers, and conducts quality and environmental inspections[36](index=36&type=chunk)[37](index=37&type=chunk) - Production model: Consumer electronics functional components, automation equipment, and thermal management businesses all adopt a **"production-to-order" model**, with a small number of processes with insufficient capacity or simple technology outsourced[39](index=39&type=chunk) - Sales model: Major customers are consumer electronics complete machine manufacturing service providers and core component manufacturers, all using a **direct sales model** through framework agreements and orders[40](index=40&type=chunk) [Core Competitiveness Analysis](index=13&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core competitiveness lies in its strong R&D and technological advantages, particularly in thermal management and liquid cooling technologies, supported by a comprehensive R&D system and patents; it has also cultivated high-quality customer resources like Foxconn and ZDT, enhanced operational efficiency through digital management, and established an industry-leading full-process quality control system [1. R&D and Technological Advantages](index=13&type=section&id=1.%20R%26D%20and%20Technological%20Advantages) The company has deep roots in the precision functional components industry, prioritizing technological accumulation and R&D strength, achieving notable results in thermal management and liquid cooling technologies, and building a solid technical foundation through a professional R&D team, independent innovation, and industry-academia collaboration, resulting in numerous patents and software copyrights - The company has deep roots in the precision functional components industry, emphasizing technological accumulation and R&D strength, with notable achievements in **thermal management and liquid cooling technologies**[41](index=41&type=chunk) - The company possesses a professional R&D team with a reasonable structure, rich R&D experience, and a well-developed talent pipeline, capable of quickly responding to customer needs[41](index=41&type=chunk) - As of the end of the reporting period, the company has obtained multiple invention patents, utility model patents, and computer software copyrights, forming its independent intellectual property rights[41](index=41&type=chunk) [2. High-Quality Customer Resources](index=13&type=section&id=2.%20High-Quality%20Customer%20Resources) Leveraging its strong design and R&D capabilities, reliable product quality, and rapid response, the company has established long-term stable cooperative relationships with renowned domestic and international manufacturing service providers and component manufacturers such as Foxconn, ZDT, BOE, Amphenol Group, Luxshare Group, and Cheng Uei Group, continuously expanding collaboration on new products and projects - The company has entered the supplier systems of renowned domestic and international manufacturing service providers and component manufacturers, including **Foxconn, ZDT, BOE, Amphenol Group, Luxshare Group, and Cheng Uei Group**[42](index=42&type=chunk) - The company has established long-term stable cooperative relationships with well-known customers and continuously expands collaboration on new products and projects[42](index=42&type=chunk) [3. Digital Management](index=13&type=section&id=3.%20Digital%20Management) The company has achieved digital transformation by implementing ERP, MES, and OA systems, enhancing business process automation and intelligence, providing real-time and accurate data support for management, optimizing resource allocation, reducing costs, and covering all aspects from product R&D to production, quality management, and sales - The company has achieved digital transformation by applying digital technologies combined with **ERP, MES, and OA systems**[43](index=43&type=chunk) - Digital management enhances business process automation and intelligence, reducing manual intervention and errors, and improving work efficiency[43](index=43&type=chunk) - Digital management helps the enterprise collect, integrate, and analyze large amounts of data, providing real-time, accurate information support for management, optimizing resource allocation, and reducing costs[43](index=43&type=chunk) [4. Quality Management Advantages](index=13&type=section&id=4.%20Quality%20Management%20Advantages) The company has established an industry-leading full-process quality control system, ensuring product quality controllability across design, production, and inspection through standardization, digitalization, and continuous improvement mechanisms; its intelligent detection system (based on AOI) achieves an accuracy rate of 99.5% and provides real-time quality data monitoring with automatic anomaly alerts - The company has established an industry-leading **full-process quality control system**, ensuring product quality controllability through standardization, digitalization, and continuous improvement mechanisms[44](index=44&type=chunk) - The intelligent detection system, based on AOI, achieves a visual inspection accuracy rate of **99.5%** and provides real-time quality data monitoring, with an average response time for quality anomaly automatic alerts of less than **5 minutes**[45](index=45&type=chunk) [Main Business Analysis](index=14&type=section&id=III.%20Main%20Business%20Analysis) During this reporting period, the company's operating revenue increased by 9.37% year-on-year, primarily driven by increased revenue from functional components for consumer electronics; however, operating costs, selling expenses, administrative expenses, and financial expenses all saw significant increases, leading to a substantial decline in net profit attributable to shareholders; by product category, revenue from functional components for consumer electronics grew by 14.60%, but its gross margin decreased by 8.14%, while overseas revenue increased by 23.86% with a gross margin improvement of 3.67% Major Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 355,412,637.78 | 324,975,488.43 | 9.37% | Mainly due to increased revenue from functional components for consumer electronics | | Operating Cost | 250,967,658.49 | 208,030,055.30 | 20.64% | Mainly due to increased operating revenue in the current period | | Selling Expenses | 16,549,375.13 | 13,743,115.60 | 20.42% | Mainly due to increased sales personnel salaries and market development expenses in the current period | | Administrative Expenses | 39,114,623.02 | 30,882,661.86 | 26.66% | Mainly due to increased administrative personnel salaries, increased depreciation of fixed assets, and increased service fees in the current period | | Financial Expenses | 1,721,854.92 | -1,166,854.14 | 247.56% | Mainly due to decreased deposit interest income, increased interest expenses, and increased exchange losses in the current period | | Income Tax Expense | 2,438,613.82 | 4,708,383.94 | -48.21% | Mainly due to decreased deferred income tax expense in the current period | | R&D Investment | 24,059,989.54 | 21,880,137.01 | 9.96% | Mainly due to increased R&D personnel salaries in the current period | | Net Cash Flow from Operating Activities | 32,584,572.80 | 61,295,446.90 | -46.84% | Mainly due to increased cash paid to and for employees and increased taxes paid in the current period | | Net Cash Flow from Investing Activities | -54,518,569.46 | -115,176,621.33 | 52.67% | Mainly due to decreased cash paid for investments compared to the prior period | | Net Cash Flow from Financing Activities | 19,132,020.29 | 50,773,138.41 | -62.32% | Mainly due to decreased cash received from borrowings compared to the prior period | | Net Increase in Cash and Cash Equivalents | -2,896,476.89 | -2,213,359.25 | -30.86% | Mainly due to decreased net cash flow from operating activities compared to the prior period | Products or Services Accounting for More Than 10% of Revenue | Product or Service Category | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin | Operating Revenue Year-on-Year Change | Operating Cost Year-on-Year Change | Gross Margin Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Manufacturing | 337,790,984.06 | 245,789,550.09 | 27.24% | 6.43% | 20.85% | -8.68% | | Functional Components for Consumer Electronics | 260,858,183.71 | 181,640,203.78 | 30.37% | 14.60% | 29.78% | -8.14% | | Automation Equipment and Related Products | 31,586,658.12 | 25,137,394.88 | 20.42% | -8.87% | 22.08% | -20.17% | | Thermal Management Products | 45,346,142.23 | 39,011,951.43 | 13.97% | -17.71% | -8.90% | -8.32% | | Domestic | 285,135,121.53 | 216,058,395.71 | 24.23% | 6.30% | 21.54% | -9.50% | | Overseas | 70,277,516.25 | 34,909,262.78 | 50.33% | 23.86% | 15.34% | 3.67% | | Direct Sales | 355,412,637.78 | 250,967,658.49 | 29.39% | 9.37% | 20.64% | -6.60% | [Non-Main Business Analysis](index=15&type=section&id=IV.%20Non-Main%20Business%20Analysis) During this reporting period, non-main businesses negatively impacted total profit, with asset impairment losses (primarily inventory depreciation losses) accounting for the largest share at **-13.85%**; investment income and fair value change gains/losses provided positive contributions but are not sustainable Impact of Non-Main Business on Total Profit | Item | Amount (yuan) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 751,127.27 | 3.36% | Mainly investment income from cash management products purchased during the reporting period | No | | Fair Value Change Gains/Losses | 732,731.11 | 3.28% | Mainly fair value change gains/losses from financial assets held for trading during the reporting period | No | | Asset Impairment | -3,098,595.21 | -13.85% | Mainly inventory depreciation losses accrued during the reporting period | No | | Non-Operating Income | 289,165.13 | 1.29% | Mainly compensation received during the reporting period | No | | Non-Operating Expenses | 25,075.15 | 0.11% | Mainly tax late payment fees paid during the reporting period | No | [Analysis of Assets and Liabilities](index=15&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets slightly increased by 0.56%; accounts receivable and construction in progress increased as a percentage of total assets, while fixed assets and net assets attributable to shareholders decreased; on the liability side, both short-term and long-term borrowings increased as a percentage of total assets; the company holds financial assets and liabilities measured at fair value, and some assets are restricted [1. Significant Changes in Asset Composition](index=15&type=section&id=1.%20Significant%20Changes%20in%20Asset%20Composition) At the end of the reporting period, accounts receivable increased by 2.54% of total assets, construction in progress by 0.77%, and long-term equity investments by 0.27%; fixed assets and net assets attributable to shareholders decreased as a percentage of total assets, while both short-term and long-term borrowings increased Significant Changes in Asset Composition | Item | Amount at Current Period-End (yuan) | Proportion of Total Assets at Current Period-End | Amount at Prior Year-End (yuan) | Proportion of Total Assets at Prior Year-End | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 236,974,946.05 | 8.83% | 235,525,549.37 | 8.82% | 0.01% | | Accounts Receivable | 434,821,592.05 | 16.19% | 364,423,107.41 | 13.65% | 2.54% | | Inventories | 139,710,907.08 | 5.20% | 119,681,062.15 | 4.48% | 0.72% | | Long-Term Equity Investments | 7,293,466.25 | 0.27% | 0.00 | 0.00% | 0.27% | | Fixed Assets | 790,242,865.29 | 29.43% | 798,350,329.89 | 29.90% | -0.47% | | Construction in Progress | 274,900,187.74 | 10.24% | 252,783,053.62 | 9.47% | 0.77% | | Short-Term Borrowings | 128,122,581.48 | 4.77% | 115,902,312.50 | 4.34% | 0.43% | | Long-Term Borrowings | 128,002,333.55 | 4.77% | 114,825,755.84 | 4.30% | 0.47% | [2. Major Overseas Assets](index=16&type=section&id=2.%20Major%20Overseas%20Assets) The company had no major overseas assets during the reporting period - The company reported no major overseas assets during the reporting period[55](index=55&type=chunk) [3. Assets and Liabilities Measured at Fair Value](index=16&type=section&id=3.%20Assets%20and%20Liabilities%20Measured%20at%20Fair%20Value) At the end of the reporting period, the company's financial assets measured at fair value totaled **538,162,215.36 yuan**, primarily comprising financial assets held for trading and other non-current financial assets, with a fair value change gain of **732,731.11 yuan** for the current period Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (yuan) | Fair Value Change Gains/Losses for Current Period (yuan) | Amount Purchased in Current Period (yuan) | Amount Sold in Current Period (yuan) | Ending Balance (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 496,753,504.87 | 732,731.11 | 361,100,000.00 | 362,210,220.62 | 496,376,015.36 | | Other Non-Current Financial Assets | 46,786,200.00 | 0.00 | 0.00 | 5,000,000.00 | 41,786,200.00 | | Total Above | 543,539,704.87 | 732,731.11 | 361,100,000.00 | 367,210,220.62 | 538,162,215.36 | - No significant changes occurred in the measurement attributes of the company's major assets during the reporting period[56](index=56&type=chunk) [4. Asset Restrictions as of the End of the Reporting Period](index=16&type=section&id=4.%20Asset%20Restrictions%20as%20of%20the%20End%20of%20the%20Reporting%20Period) At the end of the reporting period, the company had a total of **280,920,519.50 yuan** in restricted assets, primarily consisting of monetary funds held as margin, and construction in progress and intangible assets pledged as collateral for borrowings Asset Restrictions | Item | Ending Book Balance (yuan) | Type of Restriction | Details of Restriction | | :--- | :--- | :--- | :--- | | Monetary Funds | 49,782,593.46 | Margin | Bills and performance guarantees | | Construction in Progress | 221,582,260.32 | Pledge | Borrowing collateral | | Intangible Assets | 9,555,665.72 | Pledge | Borrowing collateral | | Total | 280,920,519.50 | | | [Investment Analysis](index=17&type=section&id=VI.%20Investment%20Analysis) During the reporting period, the company's investment amount significantly decreased by 88.02%; a cumulative total of **905.16 million yuan** of raised funds has been used, representing 68.91% of the total, primarily for project construction and supplementing working capital, with some idle funds used for cash management; the company's total wealth management amounted to **543.35 million yuan**, of which **471.00 million yuan** was from raised funds [1. Overall Situation](index=17&type=section&id=1.%20Overall%20Situation) During the reporting period, the company's investment amounted to **7,790,857.00 yuan**, a significant decrease of **88.02%** compared to **65,053,878.78 yuan** in the prior year Reporting Period Investment Amount | Indicator | Amount (yuan) | | :--- | :--- | | Investment Amount in Current Reporting Period | 7,790,857.00 | | Investment Amount in Prior Year Period | 65,053,878.78 | | Change Percentage | -88.02% | [2. Significant Equity Investments Acquired During the Reporting Period](index=17&type=section&id=2.%20Significant%20Equity%20Investments%20Acquired%20During%20the%20Reporting%20Period) 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[60](index=60&type=chunk) [3. Significant Non-Equity Investments in Progress During the Reporting Period](index=17&type=section&id=3.%20Significant%20Non-Equity%20Investments%20in%20Progress%20During%20the%20Reporting%20Period) The company had no significant non-equity investments in progress during the reporting period - The company had no significant non-equity investments in progress during the reporting period[60](index=60&type=chunk) [4. Financial Assets Measured at Fair Value](index=17&type=section&id=4.%20Financial%20Assets%20Measured%20at%20Fair%20Value) The company's financial assets measured at fair value totaled **538,162,215.36 yuan**, primarily comprising funds, stocks, and other financial products, including **462.99 million yuan** in wealth management products purchased with raised funds Financial Assets Measured at Fair Value | Asset Category | Initial Investment Cost (yuan) | Fair Value Change Gains/Losses for Current Period (yuan) | Ending Balance (yuan) | Source of Funds | | :--- | :--- | :--- | :--- | :--- | | Funds | 10,600,000.00 | 0.00 | 10,633,700.00 | Own Funds | | Stocks | 8,136,975.36 | -683,805.00 | 3,043,785.00 | Own Funds | | Other (Own Funds) | 99,310,220.62 | 221,480.93 | 61,492,502.96 | Own Funds | | Other (Raised Funds) | 789,000,000.00 | 1,195,055.18 | 462,992,227.40 | Raised Funds | | Total | 907,047,195.98 | 732,731.11 | 538,162,215.36 | -- | [5. Use of Raised Funds](index=17&type=section&id=5.%20Use%20of%20Raised%20Funds) The company's net raised funds amounted to **1,313.48 million yuan**, with **905.16 million yuan** cumulatively used as of the end of the reporting period, representing a utilization rate of 68.91%; the remaining unused raised funds totaled **471.86 million yuan**, of which **461.00 million yuan** was used for wealth management products; the "Hongfuhan Functional Electronic Materials and Intelligent Equipment Project" and "Industrial Automation Equipment Production Base Construction Project" were delayed until June 30, 2024, due to external factors [(1) Overall Use of Raised Funds](index=17&type=section&id=(1)%20Overall%20Use%20of%20Raised%20Funds) The company's net proceeds from its initial public offering amounted to **1,313.48 million yuan**; as of June 30, 2025, a cumulative total of **905.16 million yuan** has been used, representing a utilization rate of 68.91%; the remaining unused raised funds totaled **471.86 million yuan**, of which **461.00 million yuan** was used for wealth management products Overall Use of Raised Funds | Indicator | Amount (million yuan) | | :--- | :--- | | Total Raised Funds | 1,449.90 | | Net Raised Funds | 1,313.48 | | Total Raised Funds Cumulatively Used | 905.16 | | Utilization Rate of Raised Funds at Period-End | 68.91% | | Total Unused Raised Funds | 471.86 | | Amount of Raised Funds Idle for More Than Two Years | 0.00 | - As of June 30, 2025, the company's raised funds have been directly invested in IPO projects totaling **621.74 million yuan**, with **98.78 million yuan** of remaining raised funds permanently supplementing working capital, **184.64 million yuan** of over-raised funds permanently supplementing working capital, and **461.00 million yuan** of idle raised funds used for cash management[62](index=62&type=chunk) [(2) Status of Projects Committed with Raised Funds](index=18&type=section&id=(2)%20Status%20of%20Projects%20Committed%20with%20Raised%20Funds) The "Hongfuhan Functional Electronic Materials and Intelligent Equipment Project" and "Industrial Automation Equipment Production Base Construction Project" were originally expected to be ready for use by December 31, 2023, but were delayed until June 30, 2024, due to public health events, policy changes, and market conditions; these projects have been in operation for a short period and have not yet achieved their anticipated benefits Status of Projects Committed with Raised Funds | Project Name | Committed Investment (million yuan) | Cumulative Investment at Period-End (million yuan) | Investment Progress at Period-End | Date Expected to Reach Ready-for-Use Status | Cumulative Benefits Achieved at Reporting Period-End (million yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Hongfuhan Functional Electronic Materials and Intelligent Equipment Project | 531.00 | 449.95 | 84.74% | August 27, 2024 | 11.39 | | Industrial Automation Equipment Production Base Construction Project | 167.00 | 167.80 | 102.87% | August 27, 2024 | 12.24 | | Supplement Working Capital | 98.78 | 98.78 | 100.00% | -- | -- | | Over-Raised Funds Allocation: Supplement Working Capital | 184.64 | 184.64 | 100.00% | -- | -- | | Total | 1,313.48 | 905.16 | -- | -- | 23.63 | - The IPO projects "Hongfuhan Functional Electronic Materials and Intelligent Equipment Project" and "Industrial Automation Equipment Production Base Construction Project" have been delayed until June 30, 2024, due to external factors[65](index=65&type=chunk) - Over-raised funds amounted to **635.91 million yuan**, with **625.13 million yuan** cumulatively used as of June 30, 2025, of which **184.64 million yuan** was permanently used to supplement working capital[65](index=65&type=chunk) [(3) Changes in Projects Committed with Raised Funds](index=20&type=section&id=(3)%20Changes%20in%20Projects%20Committed%20with%20Raised%20Funds) The company had no changes in projects committed with raised funds during the reporting period - The company reported no changes in projects committed with raised funds during the reporting period[67](index=67&type=chunk) [6. Wealth Management, Derivative Investments and Entrusted Loans](index=20&type=section&id=6.%20Wealth%20Management%2C%20Derivative%20Investments%20and%20Entrusted%20Loans) The company's total wealth management during the reporting period amounted to **543.35 million yuan**, comprising **72.35 million yuan** from own funds and **471.00 million yuan** from raised funds, with an outstanding balance of **499.24 million yuan** at period-end and no overdue unrecovered amounts; the company had no derivative investments or entrusted loans during the reporting period [(1) Wealth Management](index=20&type=section&id=(1)%20Wealth%20Management) During the reporting period, the company's total wealth management amounted to **543.35 million yuan**, including **72.35 million yuan** from own funds and **471.00 million yuan** from raised funds; the outstanding balance at period-end was **499.24 million yuan**, with no overdue unrecovered amounts Overview of Wealth Management During the Reporting Period | Specific Type | Source of Wealth Management Funds | Amount of Wealth Management Transactions (million yuan) | Unexpired Balance (million yuan) | Overdue Unrecovered Amount (million yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 72.35 | 38.24 | 0 | | Bank Wealth Management Products | Raised Funds | 471.00 | 461.00 | 0 | | Total | | 543.35 | 499.24 | 0 | - The company has no significant or low-safety, low-liquidity high-risk wealth management products, nor has it experienced situations where principal is expected to be unrecoverable or other impairment-causing events[70](index=70&type=chunk) [(2) Derivative Investments](index=21&type=section&id=(2)%20Derivative%20Investments) The company had no derivative investments during the reporting period - The company reported no derivative investments during the reporting period[70](index=70&type=chunk) [(3) Entrusted Loans](index=21&type=section&id=(3)%20Entrusted%20Loans) The company had no entrusted loans during the reporting period - The company reported no entrusted loans during the reporting period[71](index=71&type=chunk) [Significant Asset and Equity Disposals](index=21&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Disposals) The company did not undertake any significant asset or equity disposals during the reporting period - The company did not dispose of any significant assets during the reporting period[72](index=72&type=chunk) - The company did not dispose of any significant equity during the reporting period[73](index=73&type=chunk) [Analysis of Major Holding and Associate Companies](index=21&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Associate%20Companies) The company's major subsidiaries include Huaian Hongfuhan Technology Co., Ltd., Dongguan Hongfuhan Technology Co., Ltd., and Hongfuhan Technology (Hong Kong) Co., Limited, which operate in consumer electronics functional components, automation equipment, and other fields; during the reporting period, the company established several new subsidiaries and deregistered or transferred some, with minor impact on overall production, operations, and performance Major Subsidiaries and Associate Companies with Over 10% Impact on Company's Net Profit | Company Name | Company Type | Main Business | Registered Capital (yuan) | Total Assets (yuan) | Net Assets (yuan) | Operating Revenue (yuan) | Operating Profit (yuan) | Net Profit (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Huaian Hongfuhan Technology Co., Ltd. | Subsidiary | Design, R&D, production, and sales of functional components for consumer electronics, stamped metal parts, etc. | 10,000,000.00 | 258,425,637.32 | 196,952,829.65 | 96,680,980.64 | 41,534,652.32 | 36,183,597.84 | | Dongguan Hongfuhan Technology Co., Ltd. | Subsidiary | Design, R&D, production, and sales of functional components for consumer electronics, stamped metal parts, etc. | 50,000,000.00 | 634,004,680.53 | 48,968,576.14 | 121,504,200.18 | 10,091,024.21 | 9,437,461.15 | | Hongfuhan Technology (Hong Kong) Co., Limited | Subsidiary | Sales of functional components for consumer electronics, stamped metal parts, etc. | 3,000,000.00 (USD) | 83,452,484.56 | 43,456,943.88 | 43,702,571.58 | 6,422,394.97 | 5,354,554.49 | - During the reporting period, the company invested in and established several new subsidiaries, including Meizhou Meijiang District Hongfuhan Electronic Technology Co., Ltd., Shenzhen Enzerui Electronic Co., Ltd., and Shenzhen Hongfuxing Communication Co., Ltd., and deregistered Shenzhen Hongfuhan Software Technology Co., Ltd. and Dongguan Yuzhe Industrial Co., Ltd., and transferred Hongfudi Supply Chain (Shenzhen) Co., Ltd[75](index=75&type=chunk) - The acquisition and disposal of subsidiaries during the reporting period had a minor impact on overall production, operations, and performance[75](index=75&type=chunk) [Structured Entities Controlled by the Company](index=23&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company reported no controlled structured entities during the reporting period[77](index=77&type=chunk) [Risks Faced by the Company and Countermeasures](index=23&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks from intensified market competition, human resources, and exchange rate fluctuations; to mitigate these, it will continuously monitor industry trends, strengthen technological innovation and market expansion, offer competitive compensation to attract and retain talent, and implement foreign exchange hedging and timely settlement measures [1. Increased Market Competition Risk](index=23&type=section&id=1.%20Increased%20Market%20Competition%20Risk) The consumer electronics industry is highly competitive, with technological breakthroughs being crucial; the company faces risks of declining order shares from existing customers and reduced profit margins due to intensified price competition; countermeasures include continuous monitoring of industry trends, customer-oriented innovation, and expanding product categories - The consumer electronics industry faces intensified competition, and the company is at risk of declining order shares and reduced profit margins[77](index=77&type=chunk) - Countermeasures: Continuously monitor industry development trends, be customer-oriented, actively respond to customer needs through innovative technologies, and enhance the breadth and depth of product categories[77](index=77&type=chunk) [2. Human Resources Risk](index=23&type=section&id=2.%20Human%20Resources%20Risk) The company's rapid business expansion demands high-caliber technical and management talent, posing risks of rising human resource costs and loss of key personnel; countermeasures include offering competitive compensation, establishing fair promotion mechanisms, and fostering an open and collaborative work environment to attract, develop, and retain talent - The company faces risks of rising human resource costs and loss of key talent, with high demand for technical and management human resources[78](index=78&type=chunk) - Countermeasures: Provide competitive compensation and benefits, establish fair promotion mechanisms, and create an open, collaborative work environment and corporate culture to attract, develop, and retain talent[78](index=78&type=chunk) [3. Exchange Rate Risk](index=23&type=section&id=3.%20Exchange%20Rate%20Risk) The company's products are exported and settled in US dollars, meaning fluctuations in the RMB-USD exchange rate could impact net profit; countermeasures include enhancing awareness of exchange rate risk, implementing foreign exchange hedging, and timely settlement to mitigate or reduce such risks - The company faces the risk of exchange losses due to fluctuations in the RMB-USD exchange rate, as product exports are settled in US dollars[79](index=79&type=chunk) - Countermeasures: Enhance awareness of exchange rate risk, implement foreign exchange hedging, and timely settlement to mitigate or reduce exchange rate risk[79](index=79&type=chunk) [Registration Form for Research, Communication, Interview and Other Activities During the Reporting Period](index=23&type=section&id=XI.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%20and%20Other%20Activities%20During%20the%20Reporting%20Period) During the reporting period, the company engaged with investors and institutions through online platforms and on-site visits at its reception room, discussing its 2024 annual performance and other relevant matters - On May 13, 2025, the company hosted investors online via the Value Online platform for its 2024 annual online performance briefing[80](index=80&type=chunk) - On June 12, 2025, the company conducted on-site research at its reception room, hosting institutions such as Shenzhen Rongxintai Private Equity, Shenzhen Huihua Holdings, Far East Horizon, Times Bole Investment, Chuanghua Investment, and Guocheng Investment[80](index=80&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=24&type=section&id=XII.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company approved and established its "Market Value Management System" on April 28, 2025, but has not yet disclosed a valuation enhancement plan - The company has formulated a "Market Value Management System", which was reviewed and approved at the thirteenth meeting of the second Board of Directors on April 28, 2025[81](index=81&type=chunk) - The company has not yet disclosed a valuation enhancement plan[81](index=81&type=chunk) [Implementation of "Quality and Return Dual Improvement" Action Plan](index=24&type=section&id=XIII.%20Implementation%20of%20%22Quality%20and%20Return%20Dual%20Improvement%22%20Action%20Plan) The company has not yet disclosed its "Quality and Return Dual Improvement" action plan announcement - The company has not yet disclosed the "Quality and Return Dual Improvement" action plan announcement[82](index=82&type=chunk) [Corporate Governance, Environment and Society](index=25&type=section&id=Item%204%20Corporate%20Governance%2C%20Environment%20and%20Society) This section details changes in the company's directors, supervisors, and senior management, profit distribution plans, equity incentive implementation, environmental information disclosure, and social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=25&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) There were no changes in the company's directors, supervisors, and senior management during the reporting period, with details available in the 2024 annual report - There were no changes in the company's directors, supervisors, and senior management during the reporting period[84](index=84&type=chunk) [Profit Distribution and Capital Reserve to Share Capital Increase During the Reporting Period](index=25&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Increase%20During%20the%20Reporting%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[85](index=85&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans or Other Employee Incentive Measures](index=25&type=section&id=III.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%20or%20Other%20Employee%20Incentive%20Measures) During the reporting period, due to unfulfilled performance targets and the departure of some grantees, a portion of the granted but unvested restricted shares under the company's 2022 restricted stock incentive plan was forfeited; the company had no employee stock ownership plans or other employee incentive measures during the reporting period [1. Equity Incentives](index=25&type=section&id=1.%20Equity%20Incentives) The company's 2022 restricted stock incentive plan underwent multiple approval procedures; during the reporting period, **127,796** granted but unvested restricted shares were forfeited due to the 2024 operating performance not meeting assessment requirements and the departure of some grantees - The company's 2022 restricted stock incentive plan has been reviewed and approved by the Board of Directors, Supervisory Board, and Shareholders' Meeting, and has been publicly disclosed[86](index=86&type=chunk) - Due to the company's 2024 operating performance not meeting the company-level performance assessment requirements and the departure of some grantees, **127,796** granted but unvested restricted shares were forfeited[88](index=88&type=chunk) [2. Implementation of Employee Stock Ownership Plans](index=26&type=section&id=2.%20Implementation%20of%20Employee%20Stock%20Ownership%20Plans) The company had no employee stock ownership plans during the reporting period - The company reported no implementation of employee stock ownership plans during the reporting period[89](index=89&type=chunk) [3. Other Employee Incentive Measures](index=26&type=section&id=3.%20Other%20Employee%20Incentive%20Measures) The company had no other employee incentive measures during the reporting period - The company reported no other employee incentive measures during the reporting period[89](index=89&type=chunk) [Environmental Information Disclosure](index=26&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company and its major subsidiaries were not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries were not included in the list of enterprises required to disclose environmental information by law[89](index=89&type=chunk) [Social Responsibility](index=26&type=section&id=V.%20Social%20Responsibility) During the reporting period, the company actively fulfilled its social responsibilities, including establishing the "Hongfuhan Charity Trust" for public welfare donations, operating in a standardized manner to protect shareholder rights, strictly adhering to labor laws to safeguard employee interests, building long-term cooperative relationships with customers and suppliers, and prioritizing information disclosure and tax compliance to foster positive interaction with society [(I) Social Welfare](index=26&type=section&id=(I)%20Social%20Welfare) The company established the "Hongfuhan Charity Trust" with **2.03 million yuan** in dedicated funds for public welfare activities in education, science, culture, sports, and environmental protection; during the reporting period, it made a targeted donation of **110,000 yuan** to support drinking water facilities and alleyway renovation projects in a Guangxi township, addressing villagers' drinking water safety and improving village appearance - The company established the **"Hongfuhan Charity Trust"**, investing **2.03 million yuan** in dedicated funds for charitable public welfare activities in education, science, culture, sports, and environmental protection[90](index=90&type=chunk) - During the reporting period, the company made a targeted donation of **110,000 yuan** through the charity trust, primarily supporting drinking water intake and transmission facility projects and alleyway renovation projects in a local township in Guangxi[90](index=90&type=chunk) [(II) Standardized Operations and Protection of Shareholder Rights](index=27&type=section&id=(II)%20Standardized%20Operations%20and%20Protection%20of%20Shareholder%20Rights) The company strictly adheres to laws, regulations, and exchange rules, establishing a standardized corporate governance structure and rules of procedure to ensure the proper functioning of the shareholders' meeting, board of directors, supervisory board, and management, safeguarding the interests of all shareholders, and prioritizing reasonable returns for investors - The company strictly adheres to the "Company Law", "Securities Law", and other relevant laws and regulations, establishing a standardized corporate governance structure and scientific rules of procedure[92](index=92&type=chunk) - The company prioritizes reasonable returns for investors, actively implements profit distribution policies, and ensures shareholder investment returns[92](index=92&type=chunk) [(III) Employee Rights Protection](index=27&type=section&id=(III)%20Employee%20Rights%20Protection) The company strictly complies with the "Labor Law", legally protecting employees' legitimate rights and interests to build harmonious labor relations; it also focuses on employee growth through theoretical and practical skills training, fostering mutual development between employees and the enterprise - The company strictly complies with the "Labor Law", legally protecting employees' legitimate rights and interests, and building harmonious and stable labor relations[93](index=93&type=chunk) - The company focuses on employee growth, providing theoretical training and practical skills training to ensure employees' tangible improvement and development[93](index=93&type=chunk) [(IV) Customer and Supplier Rights Protection](index=27&type=section&id=(IV)%20Customer%20and%20Supplier%20Rights%20Protection) Adhering to the principle of integrity, the company collaborates with customers and suppliers to establish "long-term, stable, and win-win" industrial chain and strategic partnership relationships, providing high-quality products and services through comprehensive quality management and precise production, thereby fulfilling its social responsibilities - The company establishes "long-term, stable, and win-win" industrial chain and strategic partnership relationships with customers and suppliers, operating with integrity[94](index=94&type=chunk) - Through comprehensive quality management, precise production, and other systematic efforts, the company provides high-quality products and services to customers, fulfilling its social responsibilities towards customers and suppliers[94](index=94&type=chunk) [(V) Information Disclosure](index=27&type=section&id=(V)%20Information%20Disclosure) The company prioritizes information disclosure, strictly adhering to relevant laws, regulations, and its articles of association to ensure truthful, accurate, complete, and timely disclosure on designated websites and newspapers; it also maintains an investor hotline and email to actively respond to investor inquiries and suggestions - The company prioritizes information disclosure, strictly adhering to laws, regulations, and its articles of association to disclose information truthfully, accurately, completely, and timely[95](index=95&type=chunk) - The company provides an investor hotline and email to diligently listen to the opinions and suggestions of small and medium shareholders and promptly answer investor questions[95](index=95&type=chunk) [(VI) Protection of Other Stakeholders](index=27&type=section&id=(VI)%20Protection%20of%20Other%20Stakeholders) The company emphasizes a win-win approach for both economic and social benefits, strictly complying with national laws and regulations, operating and paying taxes legally, providing employment opportunities, and supporting local economic development - The company emphasizes a win-win approach for both corporate economic and social benefits, strictly complying with national laws, regulations, and various policy requirements[96](index=96&type=chunk) - The company operates and pays taxes legally, provides employment opportunities, and strives to support local economic development[96](index=96&type=chunk) [Significant Matters](index=28&type=section&id=Item%205%20Significant%20Matters) This section covers the fulfillment of commitments by related parties, non-operating fund occupation, external guarantees, accounting firm appointments, audit report explanations, bankruptcy reorganization, litigation, penalties, integrity status, related party transactions, significant contracts, and other important matters [Commitments Fulfilled and Overdue Unfulfilled Commitments by Controlling Shareholders, Shareholders, Related Parties, Acquirers and the Company During and as of the End of the Reporting Period](index=28&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20Commitments%20by%20Controlling%20Shareholders%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) During the reporting period, the share lock-up commitments made by the company's actual controllers Zhang Dingwu and Zhang Dinggai, and shareholder Qiu Xiaoxia, at the time of the initial public offering, were fulfilled on time, with no overdue unfulfilled commitments as of the end of the reporting period - Zhang Dingwu, Zhang Dinggai, Qiu Xiaoxia, and other committing parties have fulfilled their share lock-up commitments made during the initial public offering on time[98](index=98&type=chunk)[100](index=100&type=chunk) - Commitments include a **36-month** share lock-up period, a share reduction price not lower than the offering price within two years after the lock-up period expires, and an annual transfer of no more than **25%** of total shares during their tenure[98](index=98&type=chunk)[100](index=100&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties of the Listed Company](index=30&type=section&id=II.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20of%20the%20Listed%20Company) During the reporting period, the company had no non-operating fund occupation by controlling shareholders or other related parties - The company reported no non-operating fund occupation by controlling shareholders or other related parties of the listed company during the reporting period[101](index=101&type=chunk) [Illegal External Guarantees](index=30&type=section&id=III.%20Illegal%20External%20Guarantees) The company had no illegal external guarantees during the reporting period - The company reported no illegal external guarantees during the reporting period[102](index=102&type=chunk) [Appointment and Dismissal of Accounting Firms](index=30&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was unaudited - The company's semi-annual report was unaudited[103](index=103&type=chunk) [Board of Directors, Supervisory Board, and Audit Committee's Explanation of the "Non-Standard Audit Report" for the Current Reporting Period](index=30&type=section&id=V.%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Audit%20Committee's%20Explanation%20of%20the%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Current%20Reporting%20Period) The company had no non-standard audit report for this reporting period, thus no explanation is required - Not applicable[104](index=104&type=chunk) [Board of Directors' Explanation of the "Non-Standard Audit Report" for the Previous Year](index=30&type=section&id=VI.%20Board%20of%20Directors'%20Explanation%20of%20the%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Previous%20Year) The company had no non-standard audit report for this reporting period, thus no explanation is required - Not applicable[104](index=104&type=chunk) [Bankruptcy Reorganization Matters](index=30&type=section&id=VII.%20Bankruptcy%20Reorganization%20Matters) The company had no bankruptcy reorganization matters during the reporting period - The company reported no bankruptcy reorganization matters during the reporting period[104](index=104&type=chunk) [Litigation Matters](index=30&type=section&id=VIII.%20Litigation%20Matters) The company had no significant litigation or arbitration matters during the reporting period; there were several other lawsuits that did not meet the disclosure threshold for significant litigation, involving small amounts, some of which have been concluded or are in enforcement, with no material impact on the company [Significant Litigation and Arbitration Matters](index=30&type=section&id=Significant%20Litigation%20and%20Arbitration%20Matters) The company had no significant litigation or arbitration matters during the reporting period - The company had no significant litigation or arbitration matters during this reporting period[105](index=105&type=chunk) [Other Litigation Matters](index=30&type=section&id=Other%20Litigation%20Matters) The company was involved in several other lawsuits that did not meet the disclosure threshold for significant litigation, including cases where the company was a defendant and a plaintiff, with involved amounts of **165,100 yuan**, **414,400 yuan**, and **52,200 yuan**, respectively; some cases have been concluded or are in enforcement, with no material impact on the company Overview of Other Litigation Matters | Basic Information of Litigation (Arbitration) | Involved Amount (ten thousand yuan) | Whether Expected Liabilities Formed | Litigation (Arbitration) Progress | Litigation (Arbitration) Outcome and Impact | | :--- | :--- | :--- | :--- | :--- | | Summary of other lawsuits not meeting significant litigation disclosure threshold (company as defendant) | 16.51 | No | Concluded | Concluded, no significant impact | | Summary of other lawsuits not meeting significant litigation disclosure threshold (company as defendant) | 41.44 | No | In progress | Not applicable | | Summary of other lawsuits not meeting significant litigation disclosure threshold (company as plaintiff) | 5.22 | No | In enforcement | In enforcement, no significant impact | [Penalties and Rectification](index=31&type=section&id=IX.%20Penalties%20and%20Rectification) The company had no penalties or rectification situations during the reporting period - The company reported no penalties or rectification situations during the reporting period[106](index=106&type=chunk) [Integrity Status of the Company, its Controlling Shareholders, and Actual Controllers](index=31&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholders%2C%20and%20Actual%20Controllers) The company reported no integrity issues concerning itself, its controlling shareholders, or actual controllers during the reporting period - The company reported no integrity issues concerning itself, its controlling shareholders, or actual controllers during the reporting period[107](index=107&type=chunk) [Significant Related Party Transactions](index=31&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) During the reporting period, the company had no related party transactions related to daily operations, asset or equity acquisitions/disposals, joint external investments, related party creditor-debtor relationships, financial business dealings with related financial companies or financial companies controlled by the company, or other significant related party transactions - The company reported no related party transactions related to daily operations during the reporting period[107](index=107&type=chunk) - The company reported no related party transactions involving asset or equity acquisitions or disposals during the reporting period[108](index=108&type=chunk) - The company reported no related party creditor-debtor relationships during the reporting period[110](index=110&type=chunk) - The company reported no other significant related party transactions during the reporting period[113](index=113&type=chunk) [Significant Contracts and Their Performance](index=32&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) The company had no custody, con

证券代码：301086 证券简称：鸿富瀚 公告编号：2025-057 深圳市鸿富瀚科技股份有限公司 第二届监事会第十五次会议决议公告 表决结果：同意 3 票；反对 0 票；弃权 0 票。 回避情况：无 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 深圳市鸿富瀚科技股份有限公司（以下简称"公司"）于 2025 年 8 月 15 日 以电子邮件的方式向公司全体监事发出《深圳市鸿富瀚科技股份有限公司第二届 监事会第十五次会议通知》；2025 年 8 月 27 日，公司第二届监事会第十五次会 议（以下简称"本次会议"）以现场结合通讯方式召开。 会议应出席监事 3 名，实际出席监事 3 名，其中廖绍芬女士、张海梅先生以 通讯方式参加会议并表决，本次会议由监事会主席邓佑礼先生主持。董事会秘书 张思明先生列席会议。 本次监事会会议的召集、召开和表决程序符合有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。 二、监事会会议审议情况 1、审议通过《关于<2025 年半年度报告>及其摘要的议案》 经审核，监事会一致认为：公司《2025 年半 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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 深圳市鸿富瀚科技股份有限公司（以下简称"公司"）于 2025 年 8 月 15 日以电子邮件的方式向公司全体董事发出《深圳市鸿富瀚科技股份有限公司第二 届董事会第十五次会议通知》；2025 年 8 月 27 日，公司第二届董事会第十五次 会议（以下简称"本次会议"）以现场结合通讯方式在深圳市龙岗区宝龙街道宝 龙社区拓新路 11 号鸿富瀚科技大楼 1 栋公司会议室召开。 本次会议应参与表决的董事 7 人，实际参与表决的董事 7 人（其中：以通讯 表决方式出席会议的董事 4 人），董事长张定武先生、独立董事黄延禄先生、刘 善敏先生及张振煌先生以通讯方式参加会议并表决，本次会议由副董事长张定概 先生主持。全体监事、全体高级管理人员列席会议。 证券代码：301086 证券简称：鸿富瀚 公告编号：2025-056 深圳市鸿富瀚科技股份有限公司 第二届董事会第十五次会议决议公告 本次董事会会议的召集、召开和表决程序符合有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。 具体内容详见公司同 ...