奕东电子科技股份有限公司监事会 关于公司2025年限制性股票激励计划 激励对象名单（授予日）的核查意见 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》"）、《上市公司股权激励管理办法》（以 下简称"《管理办法》"）等有关法律、法规及规范性文件和《公司章程》的规定， 奕东电子科技股份有限公司（以下简称"公司"）监事会对 2025 年限制性股票激 励计划（以下简称"本激励计划"）授予的激励对象名单进行了核查，发表意见如 下： 一、本次授予的激励对象与公司 2025 年第一次临时股东会审议通过的本激 励计划中规定的激励对象范围相符。 二、获授限制性股票的 15 名激励对象均符合公司 2025 年第一次临时股东会 审议通过的《2025 年限制性股票激励计划（草案）》（以下简称"《激励计划（草 案）》"）及其摘要中确定的激励对象范围，不存在《管理办法》第八条不得成 为激励对象的下列情形： 1、最近 12 个月内被证券交易所认定为不适当人选； 2、最近 12 个月内被中国证监会及其派出机构认定为不适当人选； 四、本激励计划授予日符合《管理办法》《激励计划（草案）》 ...

奕东电子科技股份有限公司 | 人员类别 | 获授的第二类限 | 占本激励计划拟 | 占本激励计划授 | | --- | --- | --- | --- | | | 制性股票数量 | 授出全部权益数 | 予日股本总额的 | | | （万股） | 量的比例 | 比例 | | 核心人员 | 22.5000 | 100.00% | 0.10% | | 合计 | 22.5000 | 100.00% | 0.10% | 二、公司核心骨干人员名单及职务 1、第一类限制性股票分配情况 姓名 职务 获授的第一类限 制性股票数量 （万股） 占本激励计划拟 授出全部权益数 量的比例 占本激励计划授 予日股本总额的 比例 张卫国 副总经理 40.0000 38.46% 0.17% 彭斌 副总经理 10.0000 9.62% 0.04% 肖民 副总经理 8.0000 7.69% 0.03% 吴树 财务总监、董事 28.0000 26.92% 0.12% 谢张 董事会秘书 18.0000 17.31% 0.08% 合计 104.0000 100.00% 0.45% 注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司 ...

证券代码：301123 证券简称：奕东电子 公告编码：2025-050 奕东电子科技股份有限公司 关于向公司2025年限制性股票激励计划激励对象 授予限制性股票的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示: 1、限制性股票授予日：2025 年 8 月 27 日 2、限制性股票授予数量：第一类限制性股票 104.00 万股，第二类限制性股 票 22.50 万股 3、限制性股票授予价格：第一类限制性股票及第二类限制性股票授予价格 均为 13.55 元/股 奕东电子科技股份有限公司（以下简称"公司"）2025年限制性股票激励计划 （以下简称"本激励计划"、"本次激励计划"或"《激励计划》"）规定的限制 性股票授予条件已经成就，根据公司2025年第一次临时股东会的授权，公司于 2025年8月27日召开了第二届董事会第二十六次会议和第二届监事会第二十三次 会议，审议通过了《关于向激励对象授予限制性股票的议案》，确认同意以2025 年8月27日为授予日，向5名激励对象授予104.00万股第一类限制性股票，授予价 格为13.55元/股；向10名激励对象授 ...

上海君澜律师事务所 关于 奕东电子科技股份有限公司 上海君澜律师事务所 法律意见书 上海君澜律师事务所 关于奕东电子科技股份有限公司 2025 年限制性股票激励计划 2025 年限制性股票激励计划 向激励对象授予限制性股票相关事项 之 法律意见书 二〇二五年八月 向激励对象授予限制性股票相关事项之 法律意见书 致：奕东电子科技股份有限公司 上海君澜律师事务所（以下简称"本所"）接受奕东电子科技股份有限公 司（以下简称"公司"或"奕东电子"）的委托，根据《上市公司股权激励管 理办法》（以下简称"《管理办法》"）、《深圳证券交易所创业板股票上市 规则》（以下简称"《上市规则》"）、《深圳证券交易所创业板上市公司自 律监管指南第 1 号—业务办理》（以下简称"《监管指南》"）及《奕东电子 科技股份有限公司 2025 年限制性股票激励计划》（以下简称"《激励计划》" 或"本次激励计划"）的规定，就奕东电子本次激励计划向激励对象授予限制 性股票（以下简称"本次授予"）相关事项出具本法律意见书。 对本法律意见书，本所律师声明如下： （一）本所律师依据《中华人民共和国证券法》《律师事务所从事证券法 律业务管理办法》和《律师 ...

证券代码：301123 证券简称：奕东电子 公告编码：2025-050 奕东电子科技股份有限公司 关于向公司2025年限制性股票激励计划激励对象 授予限制性股票的公告 特别提示: 票 22.50 万股 均为 13.55 元/股 奕东电子科技股份有限公司（以下简称"公司"）2025年限制性股票激励计划 （以下简称"本激励计划"、"本次激励计划"或"《激励计划》"）规定的限制 性股票授予条件已经成就，根据公司2025年第一次临时股东会的授权，公司于 会议，审议通过了《关于向激励对象授予限制性股票的议案》，确认同意以2025 年8月27日为授予日，向5名激励对象授予104.00万股第一类限制性股票，授予价 格为13.55元/股；向10名激励对象授予22.50万股第二类限制性股票，授予价格为 一、本次激励计划简述 公司于 2025 年 8 月 19 日召开了 2025 年第一次临时股东会，会议审议通过 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。 了《关于 <奕东电子科技股份有限公司 ensp="ensp" 年限制性股票激励计划="年限制性股票激励计划" 草 案=" ...

奕东电子公告，2025年上半年营业收入10.09亿元，同比增长27.77%。净利润600.27万元，同比下降 74.52%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

[Important Notes, Table of Contents, and Definitions](index=2&type=section&id=Section%201%20Important%20Notes%2C%20Table%20of%20Contents%2C%20and%20Definitions) [Important Notes](index=2&type=section&id=Important%20Notes) The company's management guarantees the authenticity and completeness of the semi-annual report and plans no dividend distribution - The Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the report and assume legal responsibility[3](index=3&type=chunk) - The company's responsible person Deng Yuquan, chief accountant Wu Shu, and head of the accounting department He Cheng declare the financial report to be true, accurate, and complete[3](index=3&type=chunk) - The company does not plan to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) The report covers eight main sections, including company profile, MD&A, governance, significant matters, and financial statements - The main sections include Company Profile, MD&A, Corporate Governance, ESG, Significant Matters, Share Capital Changes, Bond Information, and Financial Report[6](index=6&type=chunk) - Documents available for inspection include signed financial statements, the original semi-annual report signed by the legal representative, and all previously disclosed original company documents[8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section provides detailed explanations of key terms such as company names, related parties, and industry-specific acronyms - "The Company," "this Company," "the Issuer," and "Yidong Electronics" all refer to Yidong Electronic Technology Co, Ltd[13](index=13&type=chunk) - FPC refers to Flexible Printed Circuit Board, characterized by high wiring density, light weight, thinness, and good flexibility[16](index=16&type=chunk) - CCS refers to Cells Contact System, an electrical connection system for series-parallel connection of battery cells and signal acquisition[17](index=17&type=chunk) [Company Profile and Key Financial Indicators](index=8&type=section&id=Section%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Profile](index=8&type=section&id=I.%20Company%20Profile) Yidong Electronic Technology Co, Ltd (stock code: 301123) is listed on the Shenzhen Stock Exchange, with Deng Yuquan as the legal representative - The company's stock short name is "Yidong Electronics," stock code "301123," listed on the Shenzhen Stock Exchange[19](index=19&type=chunk) - The company's legal representative is Deng Yuquan[19](index=19&type=chunk) [Contact Persons and Methods](index=8&type=section&id=II.%20Contact%20Persons%20and%20Methods) The Board Secretary is Xie Zhang and the Securities Affairs Representative is Li Chunyu, both located at the Tongsha Science and Technology Industrial Park in Dongguan - The Board Secretary is Xie Zhang, and the Securities Affairs Representative is Li Chunyu[20](index=20&type=chunk) - The company's contact address is Tongsha Science and Technology Industrial Park, Dongcheng District, Dongguan City, and the email is ir@ydet.com[20](index=20&type=chunk) [Other Information](index=8&type=section&id=III.%20Other%20Information) No changes occurred in the company's registered address, office address, website, or information disclosure locations during the reporting period - The company's contact information, information disclosure and filing locations, and registration details remained unchanged during the reporting period, with specifics available in the 2024 annual report[21](index=21&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk) [Key Accounting Data and Financial Indicators](index=9&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Revenue grew 27.77% to ¥1.01 billion, while net profit attributable to shareholders fell 74.52% to ¥6.00 million Key Accounting Data and Financial Indicators (H1 2025 vs. Same Period Last Year) | Indicator | Current Period (Yuan) | Same Period Last Year (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,009,198,611.65 | 789,877,774.70 | 27.77% | | Net Profit Attributable to Shareholders | 6,002,748.34 | 23,557,038.31 | -74.52% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) | 773,188.66 | 20,171,015.12 | -96.17% | | Net Cash Flow from Operating Activities | 41,522,899.53 | -21,023,397.57 | 297.51% | | Basic Earnings Per Share (Yuan/Share) | 0.0257 | 0.1008 | -74.50% | | Diluted Earnings Per Share (Yuan/Share) | 0.0257 | 0.1008 | -74.50% | | Weighted Average Return on Equity | 0.21% | 0.82% | -0.61% | | Total Assets (End of Period) | 3,897,100,302.61 | 3,780,480,786.76 | 3.08% | | Net Assets Attributable to Shareholders (End of Period) | 2,857,161,978.08 | 2,852,556,995.23 | 0.16% | [Differences in Accounting Data under Domestic and Foreign Accounting Standards](index=9&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Foreign%20Accounting%20Standards) There were no discrepancies in net profit or net assets between financial reports prepared under Chinese and international or foreign accounting standards - The company has no discrepancies in net profit and net assets between financial reports disclosed under IFRS and Chinese Accounting Standards[25](index=25&type=chunk) - The company has no discrepancies in net profit and net assets between financial reports disclosed under foreign accounting standards and Chinese Accounting Standards[26](index=26&type=chunk) [Non-recurring Profit and Loss Items and Amounts](index=9&type=section&id=VI.%20Non-recurring%20Profit%20and%20Loss%20Items%20and%20Amounts) Non-recurring profit and loss totaled ¥5.23 million, primarily from government subsidies and fair value changes Non-recurring Profit and Loss Items and Amounts (H1 2025) | Item | Amount (Yuan) | | :--- | :--- | | Gains and Losses on Disposal of Non-current Assets | -519,907.35 | | Government Subsidies Included in Current Profit or Loss | 4,755,100.55 | | Gains from Fair Value Changes and Disposal of Financial Assets/Liabilities | 2,391,797.49 | | Other Non-operating Income and Expenses | -38,805.80 | | Less: Income Tax Impact | 1,189,517.02 | | Minority Interest Impact (After Tax) | 169,108.19 | | Total | 5,229,559.68 | - 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[29](index=29&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Section%203%20Management%20Discussion%20and%20Analysis) [Principal Business Activities During the Reporting Period](index=11&type=section&id=I.%20Principal%20Business%20Activities%20During%20the%20Reporting%20Period) The company specializes in precision electronic components, with growth driven by AI infrastructure and new energy vehicle markets - The company's main business is the R&D, production, and sale of precision electronic components such as FPC, connectors, and LED backlight modules, classified under "Computer, Communication, and Other Electronic Equipment Manufacturing"[31](index=31&type=chunk) - The precision electronic components industry serves smart terminals, new energy vehicles, and communications, benefiting from emerging technologies like AI computing and IoT[31](index=31&type=chunk) [1. Connector Industry](index=11&type=section&id=1%E3%80%81%20Connector%20Industry) The connector business benefits from high demand in AI training, new energy vehicles, and energy storage markets - In H1 2025, the global communication connector market is expected to reach approximately **$15.2 billion**, a year-on-year increase of about **14.8%**[32](index=32&type=chunk) - The global AI server connector market size surged by over **55%** year-on-year in H1 2025, reaching about **$4.8 billion**, with over 5,000 connectors used per AI server[33](index=33&type=chunk) - In H1 2025, China's new energy vehicle production and sales grew by **41.4%** and **40.3%** respectively, with market penetration exceeding **44.3%**, driving rapid growth in connector demand[33](index=33&type=chunk) [2. New Energy Industry](index=12&type=section&id=2%E3%80%81%20New%20Energy%20Industry) The company produces FPC, CCS, and other components for new energy vehicles and energy storage, driven by strong market growth - The company develops and produces FPC, CCS, lithium battery precision structural parts, connectors, and automotive backlights for the new energy sector[36](index=36&type=chunk) - From January to June 2025, China's new energy vehicle sales reached **5.878 million units**, with passenger vehicle sales growing **34.3%** YoY and penetration reaching **50.4%**[37](index=37&type=chunk) - In H1 2025, global energy storage battery cell shipments reached **240.21 GWh**, a year-on-year increase of **106.1%**[38](index=38&type=chunk) [3. Consumer Electronics, AI+AR Smart Terminals & Robotics Industry](index=12&type=section&id=3%E3%80%81%20Consumer%20Electronics%2C%20AI%2BAR%20Smart%20Terminals%20%26%20Robotics%20Industry) The company supplies components for smartphones, wearables, and AR/VR, with growth fueled by AI-enabled devices and robotics - In Q2 2025, global smartphone shipments grew by **1.0%**, and the share of global AI PC shipments reached **40%**, up 15 percentage points year-on-year[40](index=40&type=chunk) - Upgrades in AI phones, rapid development of foldable phones, and an expected **26%** growth in AI smart glasses shipments are increasing the demand for FPC[41](index=41&type=chunk) - Humanoid robot joints and sensor modules rely on high-precision FPC for flexible wiring, suggesting strong future demand growth[42](index=42&type=chunk) [4. Thermal Management Industry](index=13&type=section&id=4%E3%80%81%20Thermal%20Management%20Industry) The company's thermal management business, including IGBT substrates and AI chip cooling modules, is expanding rapidly - The global IGBT module market is projected to reach **$11.4 billion** in 2025, a **12.8%** YoY increase, with automotive-grade modules accounting for over **45%** of the market share[43](index=43&type=chunk) - In 2025, the global AI infrastructure market reached **$352 billion**, up **45%** YoY, with the AI chip cooling solutions market expected to hit **$8.7 billion**[45](index=45&type=chunk) - The penetration rate of liquid-cooled data centers globally reached **25%** in H1 2025, an increase of 10 percentage points YoY, driving rapid growth in the AI chip cooling module market[45](index=45&type=chunk) [Company's Industry Position](index=14&type=section&id=(II)%20Company's%20Industry%20Position) The company holds a leading position in the precision electronic components industry, with advantages in technology, scale, and customer resources - The company is a leader in China's precision electronic components industry, possessing core technologies and competitive advantages in product innovation, production scale, and customer base[47](index=47&type=chunk) - Key FPC clients include CATL, Sunwoda, and Xiaomi, with products used in top-five global smartphone brands and new energy vehicle makers like Li Auto and Chery[47](index=47&type=chunk) - Major clients in the connector and components sector include five of the world's top fifteen connector manufacturers, such as TE Connectivity, Amphenol, and Molex[47](index=47&type=chunk) [Main Products and Their Uses](index=14&type=section&id=(III)%20Main%20Products%20and%20Their%20Uses) The company's main products include FPC, connectors and components, and LED backlight modules for various high-tech applications - FPC products are divided into consumer electronics FPC and new energy battery management system FPC/CCS, used in consumer electronics, new energy batteries, and automotive electronics[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) - Connector and component products include optical communication components, connector parts, and precision structural parts for communication base stations, new energy, and automotive sectors[51](index=51&type=chunk)[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk) - LED backlight modules are primarily small to medium-sized specialty display modules used in automotive displays, medical instruments, and smart home screens[55](index=55&type=chunk)[56](index=56&type=chunk) [Company's Main Business Models](index=21&type=section&id=(IV)%20Company's%20Main%20Business%20Models) The company operates an integrated system of procurement, R&D, production, and sales, primarily using a direct sales and build-to-order model - The company's procurement model is primarily "procurement by order," while equipment is acquired "based on demand"[57](index=57&type=chunk) - The R&D model is driven by market research, customer needs, manufacturing feasibility assessments, and risk analysis to initiate and develop projects[58](index=58&type=chunk) - The production model is based on a build-to-order system, and the sales model primarily utilizes direct sales[59](index=59&type=chunk)[60](index=60&type=chunk) [Company's Operating Performance and Growth Drivers](index=21&type=section&id=(V)%20Company's%20Operating%20Performance%20and%20Growth%20Drivers) In H1 2025, revenue reached a record ¥1.01 billion, driven by growth in high-speed connectors, thermal management, and FPC/CCS products - In H1 2025, the company achieved operating revenue of **¥1.01 billion**, a year-on-year increase of **27.77%**, setting a new record for the same period[61](index=61&type=chunk) - Benefiting from the rapid development of AI technology, high-speed connector and component products saw rapid growth, with mass delivery of OSFP 112G and OSFP-XD 224G series products[62](index=62&type-chunk)[63](index=63&type=chunk) - The FPC/CCS business achieved sustained and stable order growth in consumer electronics (e.g., mass production of Xiaomi AI glasses FPC) and new energy battery management systems (e.g., projects with Chery/SAIC/Li Auto/Dongfeng)[64](index=64&type=chunk) [Core Competitiveness Analysis](index=23&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core strengths lie in its integrated manufacturing capabilities, precision mold design, quality control, and strong customer base - The company possesses comprehensive, full-process production and management capabilities, which are rare in the industry, forming a unique business model and competitive advantage[66](index=66&type=chunk) - The company excels in precision mold design and manufacturing, with mold part processing accuracy reaching **±0.002mm** and critical positions reaching **±0.001mm**[66](index=66&type=chunk) - The company has six manufacturing bases in Dongguan, Changshu, Xianning, Suining, Liuzhou, and Delhi, India, with new investment projects further expanding production capacity and scale advantages[70](index=70&type=chunk)[71](index=71&type=chunk) [Main Business Analysis](index=24&type=section&id=III.%20Main%20Business%20Analysis) Revenue grew 27.77% due to increased sales orders, with connector components revenue up 46.94% and FPC revenue up 23.50% Key Financial Data YoY Changes (H1 2025 vs. Same Period Last Year) | Indicator | Current Period (Yuan) | Same Period Last Year (Yuan) | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,009,198,611.65 | 789,877,774.70 | 27.77% | | | Operating Cost | 856,799,838.68 | 658,114,862.12 | 30.19% | Increased sales orders led to higher sales costs | | Income Tax Expense | -12,601,877.26 | -3,534,562.54 | -256.53% | Mainly due to increased deferred tax assets recognized from larger losses at certain subsidiaries | | R&D Investment | 71,096,632.98 | 52,593,846.63 | 35.18% | Primarily due to increased R&D investment | | Net Cash Flow from Operating Activities | 41,522,899.53 | -21,023,397.57 | 297.51% | Mainly due to increased customer payments, VAT credit refunds, and matured time deposits | Products or Services Accounting for Over 10% of Revenue (H1 2025 vs. Same Period Last Year) | Product or Service | Operating Revenue (Yuan) | Operating Cost (Yuan) | Gross Margin (%) | Operating Revenue YoY Change (%) | Operating Cost YoY Change (%) | Gross Margin YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | FPC | 378,105,091.13 | 356,129,673.20 | 5.81% | 23.50% | 33.41% | -7.00% | | LED Backlight Module | 77,880,702.71 | 64,619,624.60 | 17.03% | -6.38% | -9.90% | 3.25% | | Connector Components | 452,225,665.39 | 337,177,618.19 | 25.44% | 46.94% | 42.47% | 2.34% | [Non-Core Business Analysis](index=25&type=section&id=IV.%20Non-Core%20Business%20Analysis) The company had no non-core business activities to analyze during the reporting period - The company has no non-core business analysis for the reporting period[78](index=78&type=chunk) [Analysis of Assets and Liabilities](index=25&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets grew 3.08% to ¥3.90 billion, while cash decreased and accounts receivable and inventory increased Significant Changes in Asset Composition (End of Period vs. Beginning of Period) | Item | End of Period Amount (Yuan) | % of Total Assets | Beginning of Period Amount (Yuan) | % of Total Assets | Change in Proportion (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 536,337,204.58 | 13.76% | 702,364,201.77 | 18.58% | -4.82% | | Accounts Receivable | 792,432,113.42 | 20.33% | 718,946,393.85 | 19.02% | 1.31% | | Inventory | 279,714,918.81 | 7.18% | 221,727,907.41 | 5.87% | 1.31% | | Short-term Borrowings | 20,588,008.20 | 0.53% | 5,732,139.59 | 0.15% | 0.38% | | Contract Liabilities | 6,050,340.94 | 0.16% | 3,572,153.85 | 0.09% | 0.07% | - At the end of the period, total restricted assets amounted to **¥120.79 million**, including cash, notes receivable, fixed assets, and intangible assets, mainly restricted for deposits, pledges, and loan collateral[83](index=83&type=chunk) - The company's financial assets measured at fair value had an ending balance of **¥269.75 million**, primarily consisting of wealth management products[80](index=80&type=chunk) [Investment Analysis](index=27&type=section&id=VI.%20Investment%20Analysis) Total investment was ¥43.57 million, with ¥1.19 billion cumulatively invested in fundraising projects and some projects delayed Investment Amount During the Reporting Period | Indicator | Investment Amount (Yuan) | Investment Amount in Same Period Last Year (Yuan) | Change | | :--- | :--- | :--- | :--- | | Investment Amount | 43,569,473.49 | 43,742,241.28 | -0.39% | - As of June 30, 2025, a cumulative **¥1.19 billion** of raised funds had been invested in projects, with an unused balance of **¥246.86 million**[88](index=88&type=chunk) - The completion dates for the "Jiangxi Pingxiang Science and Technology Industrial Park Phase I Project" and the "Advanced Manufacturing Base Construction Project" have been extended to January 25, 2026[90](index=90&type=chunk) - The company uses up to **¥300 million** of temporarily idle raised funds for cash management, valid for 12 months[92](index=92&type=chunk) [Sale of Major Assets and Equity](index=32&type=section&id=VII.%20Sale%20of%20Major%20Assets%20and%20Equity) No major sales of assets or equity occurred during the reporting period - The company did not sell any major assets during the reporting period[98](index=98&type=chunk) - The company did not sell any major equity stakes during the reporting period[99](index=99&type=chunk) [Analysis of Major Subsidiaries and Investees](index=32&type=section&id=VIII.%20Analysis%20of%20Major%20Subsidiaries%20and%20Investees) Several major subsidiaries reported financial data, with losses at Jiangxi Yidong and Liuzhou Xinren negatively impacting net profit Financial Data of Major Subsidiaries (H1 2025) | Company Name | Operating Revenue (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | | Dongguan Qincheng Precision Electronics Co, Ltd | 12,308,977.46 | -753,326.76 | | Dongguan Huake Electronic Technology Co, Ltd | 18,122,641.09 | -2,810,653.90 | | Hubei Yixin Precision Manufacturing Co, Ltd | 26,047,989.77 | 4,142,147.46 | | Hubei Yihong Precision Manufacturing Co, Ltd | 160,164,352.76 | 1,919,724.84 | | Jiangxi Yidong Electronic Technology Co, Ltd | 87,402,422.46 | -44,822,265.18 | | Liuzhou Xinren Precision Electronic Technology Co, Ltd | 15,318,417.76 | -2,904,890.32 | [Structured Entities Controlled by the Company](index=33&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company did not have any controlled structured entities during the reporting period[102](index=102&type=chunk) [Risks and Countermeasures](index=33&type=section&id=X.%20Risks%20and%20Countermeasures) The company faces risks from market competition, declining gross margins, and technology innovation, which it plans to mitigate through various strategic measures - The company must maintain product quality and technological leadership to address intense competition in the precision electronic components market[103](index=103&type=chunk) - To counter the risk of declining gross margins, the company will deepen customer collaboration, improve supply chain management, and enhance cost control[104](index=104&type=chunk) - The company will address technology innovation risks by increasing R&D investment, launching high-value products, and cultivating technical talent[105](index=105&type=chunk) - To manage environmental risks, the company will continue to invest in environmental protection and implement strict safety and quality control systems[106](index=106&type=chunk)[107](index=107&type=chunk) [Investor Relations Activities](index=35&type=section&id=XI.%20Investor%20Relations%20Activities) The company held an online investor communication event on May 13, 2025, to discuss its performance and strategy - The company hosted an online investor communication event via the Value Online platform on May 13, 2025[108](index=108&type=chunk) - The discussion covered the company's operating status, financial indicators, and development strategy, with details disclosed on the Shenzhen Stock Exchange's Easy Interaction platform[108](index=108&type=chunk) [Market Value Management System and Valuation Enhancement Plan](index=35&type=section&id=XII.%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company has not established a market value management system or disclosed a valuation enhancement plan - The company has not formulated a market value management system[109](index=109&type=chunk) - The company has not disclosed a valuation enhancement plan[109](index=109&type=chunk) [Implementation of the "Dual Improvement in Quality and Returns" Action Plan](index=35&type=section&id=XIII.%20%22Dual%20Improvement%20in%20Quality%20and%20Returns%22%20Action%20Plan) The company has not disclosed an announcement regarding a "Dual Improvement in Quality and Returns" action plan - The company has not disclosed an announcement regarding a "Dual Improvement in Quality and Returns" action plan[109](index=109&type=chunk) [Corporate Governance, Environment, and Society](index=35&type=section&id=Section%204%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) [Changes in Directors, Supervisors, and Senior Management](index=35&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) There were no changes in the company's directors, supervisors, or senior management during the reporting period - There were no changes in the company's directors, supervisors, and senior management during the reporting period; refer to the 2024 annual report for details[110](index=110&type=chunk) [Profit Distribution and Capitalization of Capital Reserve](index=35&type=section&id=II.%20Profit%20Distribution%20and%20Capitalization%20of%20Capital%20Reserve) The company does not plan to distribute dividends or capitalize capital reserves for the first half of the year - The company plans no cash dividend, bonus shares, or capitalization of capital reserves for the semi-annual period[111](index=111&type=chunk) [Implementation of Equity Incentive Plans or Other Employee Incentives](index=35&type=section&id=III.%20Implementation%20of%20Equity%20Incentive%20Plans%20or%20Other%20Employee%20Incentives) The company continued its first-phase restricted stock incentive plan and canceled some unvested shares during the period - The company is continuing its first-phase restricted stock incentive plan and approved the "Proposal on Canceling Part of Granted but Unvested Restricted Stocks" on April 22, 2025[115](index=115&type=chunk) - The company did not implement any employee stock ownership plans during the reporting period[117](index=117&type=chunk) - The company had no other employee incentive measures during the reporting period[117](index=117&type=chunk) [Environmental Information Disclosure](index=38&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company and its key subsidiaries are listed for mandatory environmental information disclosure and have published relevant reports - The company and its main subsidiaries, Yidong Electronic Technology Co, Ltd and Hubei Yihong Precision Manufacturing Co, Ltd, are included in the list of enterprises required to disclose environmental information by law[118](index=118&type=chunk) - Environmental information disclosure reports can be accessed through the Green Development Service Platform and the National Pollutant Discharge Permit Management Information Platform[118](index=118&type=chunk) [Social Responsibility](index=38&type=section&id=V.%20Social%20Responsibility) The company is committed to legal and ethical operations, balancing economic benefits with social responsibilities - The company adheres to laws and regulations, maintains a sound corporate governance structure, and ensures timely and accurate information disclosure to protect shareholder rights[120](index=120&type=chunk) - The company prioritizes its employees by improving labor systems, providing training, and ensuring social insurance and housing fund contributions to protect their legal rights[121](index=121&type=chunk) - The company emphasizes environmental protection through a green, low-carbon development philosophy, continuously improving production processes and enhancing employee environmental awareness[123](index=123&type=chunk) [Significant Matters](index=40&type=section&id=Section%205%20Significant%20Matters) [Fulfillment of Commitments by Relevant Parties](index=40&type=section&id=I.%20Fulfillment%20of%20Commitments%20by%20Relevant%20Parties) Shareholders fulfilled their lock-up commitments from the initial public offering, which expired on January 25, 2025 - The lock-up commitments for pre-IPO shares held by shareholders Wang Gang, Dongguan Yidong Holding Co, Ltd, and others were fulfilled on January 25, 2025[126](index=126&type=chunk)[127](index=127&type=chunk) - The commitments by the company, directors, supervisors, and senior management regarding stock price stabilization were fulfilled on January 25, 2025[127](index=127&type=chunk)[131](index=131&type=chunk) [Non-operational Fund Occupation by Controlling Shareholders](index=46&type=section&id=II.%20Non-operational%20Fund%20Occupation%20by%20Controlling%20Shareholders) There were no instances of non-operational fund occupation by the controlling shareholder or other related parties during the reporting period - There were no cases of non-operational fund occupation by the controlling shareholder or other related parties during the reporting period[132](index=132&type=chunk) [Irregular External Guarantees](index=46&type=section&id=III.%20Irregular%20External%20Guarantees) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[133](index=133&type=chunk) [Appointment and Dismissal of Accounting Firm](index=46&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firm) The company's semi-annual financial report has not been audited - The company's semi-annual report has not been audited[134](index=134&type=chunk) [Explanation on "Non-standard Audit Report" for the Current Period](index=46&type=section&id=V.%20Explanation%20on%20%22Non-standard%20Audit%20Report%22%20for%20the%20Current%20Period) There was no "non-standard audit report" for the current reporting period - The company did not receive a non-standard audit report for the reporting period[135](index=135&type=chunk) [Board's Explanation on Prior Year's "Non-standard Audit Report"](index=46&type=section&id=VI.%20Board's%20Explanation%20on%20Prior%20Year's%20%22Non-standard%20Audit%20Report%22) There was no "non-standard audit report" for the previous year - The company did not have a non-standard audit report in the previous year[135](index=135&type=chunk) [Bankruptcy and Reorganization Matters](index=46&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) No bankruptcy or reorganization matters occurred during the reporting period - No bankruptcy or reorganization matters occurred during the reporting period[135](index=135&type=chunk) [Litigation Matters](index=46&type=section&id=VIII.%20Litigation%20Matters) The company was not involved in any major litigation or arbitration, with other minor cases having no significant impact - The company had no major litigation or arbitration matters during the reporting period[136](index=136&type=chunk) - As a plaintiff/applicant, the company was involved in cases totaling **¥3.93 million**, of which **¥2.74 million** have been settled, with no material impact[136](index=136&type=chunk) - As a defendant/respondent, the company was involved in cases totaling **¥7.43 million**, of which **¥0.09 million** have been settled, with no material impact[136](index=136&type=chunk) [Penalties and Rectifications](index=47&type=section&id=IX.%20Penalties%20and%20Rectifications) No penalties or rectifications were recorded during the reporting period - The company was not subject to any penalties or rectifications during the reporting period[138](index=138&type=chunk) [Integrity Status of the Company and Its Controlling Shareholders](index=47&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%20and%20Its%20Controlling%20Shareholders) There were no integrity issues concerning the company, its controlling shareholder, or actual controller during the reporting period - There were no integrity issues concerning the company, its controlling shareholder, or actual controller during the reporting period[139](index=139&type=chunk) [Major Related-Party Transactions](index=47&type=section&id=XI.%20Major%20Related-Party%20Transactions) The company engaged in routine related-party transactions, such as sales and leasing, at fair market prices - Routine related-party transactions, including wastewater treatment fees, material procurement, product sales, and property leases, were conducted based on market pricing principles[144](index=144&type=chunk)[159](index=159&type=chunk) - The actual amounts of these transactions did not materially differ from the estimated amounts and were consistent with the company's operational needs[144](index=144&type=chunk) - The company did not engage in related-party transactions involving the acquisition or sale of assets or equity, joint investments, or related-party debt[145](index=145&type=chunk)[146](index=146&type=chunk)[147](index=147&type=chunk) [Major Contracts and Their Performance](index=53&type=section&id=XII.%20Major%20Contracts%20and%20Their%20Performance) The company has several property lease agreements for operational purposes but no major托管, contracting, or other significant contracts - The company had no托管 arrangements during the reporting period[150](index=150&type=chunk) - The company had no contracting arrangements during the reporting period[151](index=151&type=chunk) - The company has multiple property and factory lease agreements for offices, workshops, warehouses, and dormitories, with lease terms extending from 2023 to 2029[153](index=153&type=chunk)[154](index=154&type=chunk) - The company had no major guarantees or other material contracts during the reporting period[155](index=155&type=chunk)[156](index=156&type=chunk) [Other Significant Matters](index=56&type=section&id=XIII.%20Other%20Significant%20Matters) There were no other significant matters to be disclosed for the reporting period - There are no other significant matters that require disclosure for the reporting period[157](index=157&type=chunk) [Significant Matters of Subsidiaries](index=56&type=section&id=XIV.%20Significant%20Matters%20of%20Subsidiaries) There were no significant matters concerning the company's subsidiaries during the reporting period - There were no significant matters concerning the company's subsidiaries during the reporting period[158](index=158&type=chunk) [Share Capital Changes and Shareholder Information](index=57&type=section&id=Section%206%20Share%20Capital%20Changes%20and%20Shareholder%20Information) [Changes in Share Capital](index=57&type=section&id=I.%20Changes%20in%20Share%20Capital) Restricted shares decreased by 15.73 million as some pre-IPO shares became tradable, and the company completed a share buyback of 3.04 million shares Changes in Share Capital (Shares) | Item | Pre-Change Quantity | Pre-Change Ratio | Change (+, -) | Post-Change Quantity | Post-Change Ratio | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 157,183,787 | 67.29% | -15,732,590 | 141,451,197 | 60.55% | | II. Unrestricted Shares | 76,416,213 | 32.71% | 15,732,590 | 92,148,803 | 39.45% | | III. Total Shares | 233,600,000 | 100.00% | 0 | 233,600,000 | 100.00% | - A total of **15,732,590** pre-IPO shares held by shareholders including Wang Gang and Dongguan Yifu Investment Consulting Enterprise became available for trading on January 27, 2025[162](index=162&type=chunk) - The company completed its share buyback plan on January 16, 2025, repurchasing a total of **3,038,900** shares, representing **1.3009%** of the total share capital, for a total amount of **¥50,004,422**[163](index=163&type=chunk) [Securities Issuance and Listing](index=59&type=section&id=II.%20Securities%20Issuance%20and%20Listing) No securities were issued or listed during the reporting period - The company did not issue or list any securities during the reporting period[167](index=167&type=chunk) [Number of Shareholders and Shareholding Status](index=59&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Status) As of the period end, the company had 23,497 shareholders, with controlling shareholder Deng Yuquan holding a 39.13% stake - The total number of common shareholders at the end of the reporting period was **23,497**[168](index=168&type=chunk) Shareholdings of Shareholders with Over 5% or Top 10 Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio (%) | Shares Held at Period End | Number of Restricted Shares | Number of Unrestricted Shares | | :--- | :--- | :--- | :--- | :--- | :--- | | Deng Yuquan | Domestic Individual | 39.13% | 91,411,152.00 | 91,411,152.00 | 0 | | Dongguan Yidong Holding Co, Ltd | Domestic Non-state-owned Corp | 21.42% | 50,040,045.00 | 50,040,045.00 | 0 | | Wang Gang | Domestic Individual | 4.28% | 10,008,009.00 | 0 | 10,008,009.00 | Top 10 Unrestricted Shareholders | Shareholder Name | Unrestricted Shares Held at Period End | Share Class | Quantity | | :--- | :--- | :--- | :--- | | Wang Gang | 10,008,009.00 | RMB Ordinary Share | 10,008,009.00 | | Dongguan Yifu Investment Consulting Enterprise (LP) | 3,089,472.00 | RMB Ordinary Share | 3,089,472.00 | | Shanghai Hengsui Asset Management Center (LP) - Hengsui Jiye Changqing - Sutai Zunxiang No. 8 Private Equity Fund | 1,771,997.00 | RMB Ordinary Share | 1,771,997.00 | [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=62&type=section&id=IV.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) There were no changes in the shareholdings of directors, supervisors, or 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; refer to the 2024 annual report for details[172](index=172&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=62&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) 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[173](index=173&type=chunk) - The company's actual controller did not change during the reporting period[173](index=173&type=chunk) [Preferred Shares](index=62&type=section&id=VI.%20Preferred%20Shares) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[174](index=174&type=chunk) [Bond-related Matters](index=63&type=section&id=Section%207%20Bond-related%20Matters) [Bond-related Matters](index=63&type=section&id=Bond-related%20Matters) The company had no bond-related matters to report for the period - The company had no bond-related matters during the reporting period[176](index=176&type=chunk) [Financial Report](index=64&type=section&id=Section%208%20Financial%20Report) [Audit Report](index=64&type=section&id=I.%20Audit%20Report) The semi-annual financial report has not been audited - The company's semi-annual financial report has not been audited[178](index=178&type=chunk) [Financial Statements](index=64&type=section&id=II.%20Financial%20Statements) This section presents the consolidated and parent company financial statements for the first half of 2025 Key Data from Consolidated Balance Sheet (End of Period vs. Beginning of Period) | Item | Ending Balance (Yuan) | Beginning Balance (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 536,337,204.58 | 702,364,201.77 | | Trading Financial Assets | 269,747,649.40 | 166,234,986.29 | | Accounts Receivable | 792,432,113.42 | 718,946,393.85 | | Inventory | 279,714,918.81 | 221,727,907.41 | | Total Assets | 3,897,100,302.61 | 3,780,480,786.76 | | Short-term Borrowings | 20,588,008.20 | 5,732,139.59 | | Total Liabilities | 1,034,118,340.90 | 920,570,125.33 | | Total Equity Attributable to Parent Company | 2,857,161,978.08 | 2,852,556,995.23 | Key Data from Consolidated Income Statement (H1 2025 vs. H1 2024) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,009,198,611.65 | 789,877,774.70 | | Total Operating Cost | 1,010,390,086.32 | 773,134,795.92 | | Total Profit | -8,389,499.44 | 19,500,088.93 | | Net Profit | 4,212,377.82 | 23,034,651.47 | | Net Profit Attributable to Parent Company Shareholders | 6,002,748.34 | 23,557,038.31 | Key Data from Consolidated Cash Flow Statement (H1 2025 vs. H1 2024) | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 41,522,899.53 | -21,023,397.57 | | Net Cash Flow from Investing Activities | -185,065,606.44 | -201,515,611.24 | | Net Cash Flow from Financing Activities | -852,703.41 | -39,104,976.24 | | Net Increase in Cash and Cash Equivalents | -143,636,193.23 | -262,258,548.98 | [Company Basic Information](index=82&type=section&id=III.%20Company%20Basic%20Information) Yidong Electronic Technology Co, Ltd was established in 2019, listed on the Shenzhen Stock Exchange in 2022, and specializes in precision electronic components - Yidong Electronic Technology Co, Ltd was reorganized and established on December 30, 2019, with a share capital of ¥233.6 million[212](index=212&type=chunk) - The company's stock was listed on the Shenzhen Stock Exchange on January 25, 2022, with the stock name Yidong Electronics (301123)[212](index=212&type=chunk) - The company is primarily engaged in the R&D, production, and sale of precision electronic components such as FPC, connectors, and LED backlight modules[212](index=212&type=chunk) [Basis of Preparation for Financial Statements](index=82&type=section&id=IV.%20Basis%20of%20Preparation%20for%20Financial%20Statements) The financial statements are prepared in accordance with Chinese Accounting Standards on a going concern basis using the accrual method - These financial statements are prepared in accordance with the Enterprise Accounting Standards and related guidelines issued by the Ministry of Finance[214](index=214&type=chunk) - The financial statements are presented on a going concern basis, with accounting based on the accrual method and historical cost as the primary measurement basis, except for certain financial instruments[215](index=215&type=chunk) [Significant Accounting Policies and Estimates](index=82&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the accounting policies for key areas like revenue recognition, financial instruments, and fixed assets, including a change in depreciation estimates - The financial statements comply with the requirements of the Enterprise Accounting Standards, truly and completely reflecting the company's financial position, operating results, and cash flows[217](index=217&type=chunk) - Financial assets are classified at initial recognition into three categories based on the business model and contractual cash flow characteristics: amortized cost, fair value through other comprehensive income, or fair value through profit or loss[233](index=233&type=chunk) - The company changed the accounting estimate for the depreciation period of some fixed assets, extending the useful life of certain buildings from "20 years" to "20-50 years," with an impact of **¥4,193,814.47**[303](index=303&type=chunk) [Taxation](index=109&type=section&id=VI.%20Taxation) The company is subject to VAT and corporate income tax, with several subsidiaries benefiting from a preferential 15% tax rate for high-tech enterprises Main Tax Types and Rates | Tax Type | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Taxable Value-Added Amount | 6%, 13%, 18%, 28% | | Urban Maintenance and Construction Tax | Actual Turnover Tax Paid | 5%, 7% | | Corporate Income Tax | Taxable Income | 15%, 16.5%, 17%, 20%, 24%, 25%, 25.17% | | Education Surcharge | Actual Turnover Tax Paid | 3% | | Local Education Surcharge | Actual Turnover Tax Paid | 2% | - The company and its subsidiaries, including Suining Yidong Electronics and Dongguan Qincheng Precision Electronics, enjoy a preferential corporate income tax rate of **15%** as high-tech enterprises[306](index=306&type=chunk)[307](index=307&type=chunk) - Subsidiaries such as Dongguan Tongtai Electronic Technology and Hubei Kelixing Technology benefit from preferential tax policies for small and micro enterprises[308](index=308&type=chunk) - The company benefits from a VAT exemption, credit, and refund policy during the reporting period[308](index=308&type=chunk) [Notes to Consolidated Financial Statement Items](index=111&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes on major items in the consolidated financial statements, including assets, liabilities, revenues, and expenses - At period-end, cash and cash equivalents totaled **¥536 million**, with **¥4.72 million** in restricted funds, primarily for bank acceptance bill deposits and customs duty guarantees[310](index=310&type=chunk) - Accounts receivable at period-end were **¥837 million**, with a bad debt provision of **¥44.89 million**; the top five customers accounted for **32.56%** of the total balance[328](index=328&type=chunk)[335](index=335&type=chunk) - The carrying value of inventory at period-end was **¥280 million**, with an inventory write-down provision of **¥41.14 million**; **¥15.93 million** was provisioned during the period[365](index=365&type=chunk)[368](index=368&type=chunk) - Operating revenue was **¥1.01 billion**, operating cost was **¥857 million**, and the gross margin for the main business was **15.10%**[461](index=461&type=chunk)[77](index=77&type=chunk) [R&D Expenditures](index=146&type=section&id=VIII.%20R&D%20Expenditures) Total R&D investment for the period was ¥71.10 million, a 35.18% year-on-year increase, mainly comprising personnel and material costs R&D Expense Composition (H1 2025 vs. H1 2024) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Personnel Costs | 32,589,143.42 | 32,010,289.15 | | Material Costs | 31,582,676.17 | 16,978,506.30 | | Depreciation | 6,541,226.61 | 3,582,571.22 | | Others | 383,586.78 | 22,479.96 | | Total | 71,096,632.98 | 52,593,846.63 | [Changes in Consolidation Scope](index=146&type=section&id=IX.%20Changes%20in%20Consolidation%20Scope) There were no changes in the scope of consolidation during the reporting period - The company did not have any transactions or events that resulted in the loss of control over a subsidiary during the reporting period[507](index=507&type=chunk) - The company did not dispose of its investment in a subsidiary in multiple steps resulting in a loss of control during the period[507](index=507&type=chunk) [Interests in Other Entities](index=146&type=section&id=X.%20Interests%20in%20Other%20Entities) The company discloses its equity interests in 20 subsidiaries and 3 associate companies - The company has 20 subsidiaries, including Yada Electronic Technology and Dongguan Huake Electronic Technology, primarily engaged in manufacturing, processing, and trading[508](index=508&type=chunk)[509](index=509&type=chunk) - The company has 3 associate companies, including Shenzhen Lixiao New Material Technology and Guangdong Ruifeng Yanhao Venture Capital Partnership (LP)[511](index=511&type=chunk)[513](index=513&type=chunk) [Government Grants](index=149&type=section&id=XI.%20Government%20Grants) The company received ¥4.76 million in government grants, which were recognized as deferred income or other income - The amount of government grants included in the current profit or loss was **¥4,755,100.55**, compared to **¥3,462,055.52** in the prior period[517](index=517&type=chunk) - The ending balance of government grants in deferred income was **¥39,487,721.70**, with a new addition of **¥265,200.00** and a reduction of **¥2,032,804.60** during the period[447](index=447&type=chunk)[515](index=515&type=chunk) [Risks Related to Financial Instruments](index=152&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company manages credit, liquidity, and market risks through diversified investments, credit monitoring, and currency transaction controls - The main risks arising from the company's financial instruments include credit risk, liquidity risk, and market risk (interest rate and exchange rate risk)[521](index=521&type=chunk) - The company's bank deposits are primarily with state-owned and large listed banks, posing low expected credit risk; the top five customers account for **32.56%** of total accounts receivable[522](index=522&type=chunk)[523](index=523&type=chunk) - The company funds its operations through business-generated cash and bank borrowings, with an unused bank credit line of **¥786.05 million** at the period-end[524](index=524&type=chunk) - A 25-basis-point change in floating interest rates would impact net profit and equity by approximately **¥28,400**; a 10% change in the RMB exchange rate against major foreign currencies would impact equity and net profit by about **¥2.10 million**[527](index=527&type=chunk)[529](index=529&type=chunk) [Fair Value Disclosures](index=157&type=section&id=XIII.%20Fair%20Value%20Disclosures) The company's assets measured at fair value, primarily trading financial assets, are valued using Level 3 inputs Fair Value of Assets and Liabilities at Period End | Item | Level 3 Fair Value Measurement (Yuan) | Total (Yuan) | | :--- | :--- | :--- | | Wealth Management Products | 269,747,649.40 | 269,747,649.40 | | Accounts Receivable Financing | 63,931,969.31 | 63,931,969.31 | - The company uses valuation techniques, primarily discounted cash flow and market comparable models, to determine the fair value of financial instruments[539](index=539&type=chunk) [Related Parties and Transactions](index=158&type=section&id=XIV.%20Related%20Parties%20and%20Transactions) The company engaged in routine transactions with related parties, including sales, services, and leasing, and discloses outstanding balances - The actual controllers of the company are Deng Yuquan and Deng Ke; Deng Yuquan directly holds **39.13%** and indirectly holds **19.6%** of the company's shares[541](index=541&type=chunk) - During the period, the company paid **¥1,551,358.50** in wastewater treatment fees to Laicher Environmental and **¥4,736,555.94** in fees and **¥1,089,998.31** for engineering services to Ludao Environmental[546](index=546&type=chunk)[547](index=547&type=chunk) - The company sold products worth **¥211,313.93** to Ruijing Electronics and **¥1,521,705.79** to Jiangsu Yibei[548](index=548&type=chunk) - At period-end, accounts receivable included **¥974,836.10** from Jiangsu Yibei, while other payables included **¥12,147,111.35** to Ludao Environmental[556](index=556&type=chunk)[557](index=557&type=chunk) [Share-based Payments](index=160&type=section&id=XV.%20Share-based%20Payments) No share-based payment activities occurred during the reporting period - The company had no overall share-based payment situations during the reporting period[558](index=558&type=chunk) - The company had no equity-settled share-based payment situations during the reporting period[558](index=558&type=chunk) - The company had no cash-settled share-based payment situations during the reporting period[558](index=558&type=chunk) [Commitments and Contingencies](index=161&type=section&id=XVI.%20Commitments%20and%20Contingencies) There were no significant commitments or contingencies to be disclosed as of the end of the reporting period - As of June 30, 2025, the company had no significant commitments to disclose[560](index=560&type=chunk) - The company has no significant contingencies that require disclosure[561](index=561&type=chunk) [Subsequent Events](index=161&type=section&id=XVII.%20Subsequent%20Events) There were no other significant subsequent events to be disclosed as of the end of the reporting period - As of June 30, 2025, the company had no other significant matters to disclose[562](index=562&type=chunk) [Other Significant Matters](index=161&type=section&id=XVIII.%20Other%20Significant%20Matters) There were no other significant matters to be disclosed as of the end of the reporting period - As of June 30, 2025, the company had no other significant matters to disclose[563](index=563&type=chunk) [Notes to Parent Company Financial Statement Items](index=161&type=section&id=XIX.%20Notes%20to%20Parent%20Company%20Financial%20Statement%20Items) This section provides detailed notes on the parent company's key financial items, including receivables, investments, and revenue - The parent company's accounts receivable at period-end totaled **¥780 million**, with a bad debt provision of **¥37.58 million**; the top five customers accounted for **38.49%** of the total[568](index=568&type=chunk)[576](index=576&type=chunk) - The parent company's other receivables at period-end were **¥70.47 million**, of which **¥66.44 million** were due from consolidated related parties[585](index=585&type=chunk)[588](index=588&type=chunk) - The parent company's long-term equity investments at period-end amounted to **¥1.51 billion**, including **¥1.47 billion** in subsidiaries and **¥43.46 million** in associates and joint ventures[598](index=598&type=chunk) - The parent company's operating revenue was **¥804 million**, and its operating cost was **¥667 million**[604](index=604&type=chunk) [Supplementary Information](index=169&type=section&id=XX.%20Supplementary%20Information) This section provides supplementary details on non-recurring profit and loss items and return on equity calculations Non-recurring Profit and Loss Items and Amounts (H1 2025) | Item | Amount (Yuan) | | :--- | :--- | | Gains and Losses on Disposal of Non-current Assets | -519,907.35 | | Government Subsidies Included in Current Profit or Loss | 4,755,100.55 | | Gains from Fair Value Changes and Disposal of Financial Assets/Liabilities | 2,391,797.49 | | Other Non-operating Income and Expenses | -38,805.80 | | Less: Income Tax Impact | 1,189,517.02 | | Minority Interest Impact (After Tax) | 169,108.19 | | Total | 5,229,559.68 | Return on Equity and Earnings Per Share (H1 2025) | Profit for the Period | Weighted Average ROE (%) | Basic EPS (Yuan/Share) | Diluted EPS (Yuan/Share) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Common Shareholders | 0.21% | 0.0257 | 0.0257 | | Net Profit Attributable to Common Shareholders (Excl. Non-recurring Items) | 0.03% | 0.0033 | 0.0033 |

（文章来源：证券日报） 证券日报网讯奕东电子8月26日在互动平台回答投资者提问时表示，截至2025年8月20日，公司股东户数 为18901户。 ...

Group 1 - The core point of the article highlights that Yidong Electronics has seen a continuous decline in the number of shareholders, with a reduction of 3,336 shareholders as of August 20, representing a 15.00% decrease compared to the previous period [2] - The latest stock price of Yidong Electronics is reported at 42.43 yuan, down by 1.07%, while the stock has cumulatively increased by 29.83% since the concentration of shares began [2] - The company's Q1 report indicates that it achieved a revenue of 441 million yuan, reflecting a year-on-year growth of 13.18%, but reported a net loss of 5.18 million yuan, a significant decline of 126.25% compared to the previous year [2]

金融界8月26日消息，有投资者在互动平台向奕东电子提问："公司要多参加一些国内和国际电子元器件 展览会，还有人工智能等大会，积极展示自己的技术和产品优势，提升品牌影响力，像胜宏科技，景旺 电子都做的不错，要多学习。" 针对上述提问，奕东电子回应称："尊敬的投资者您好，感谢您对公司的关注和建议，公司会根据实际 需要积极参加相关展览，您可以持续关注！"责任编辑：栎树 ...