Group 1: Company Overview - Zhejiang Huashi Technology Co., Ltd. is actively expanding its market presence outside the province, with significant increases in project share in the Southwest region [2] - The company has established subsidiaries in Guizhou, Anhui, and Jiangxi to enhance its market development capabilities [2] Group 2: Ocean Economy Initiatives - Huashi Technology has made strides in the ocean economy, focusing on smart fishery port management with its self-developed "Intelligent Gate Safety Supervision System" [2] - A strategic cooperation agreement was signed with Zhejiang Ocean University to explore innovative models combining "ocean + digital" for high-quality development in marine economy and digital economy [2] Group 3: Product Development - The company has developed a "Bridge Collision Safety Warning System" to address safety issues caused by vessel collisions with bridges, providing visual navigation and collision risk alerts [3] - Huashi Technology is advancing in electric vessel research, aligning with national "dual carbon" policies, and has developed a range of technologies for new energy vessel propulsion systems [3] Group 4: Strategic Planning - Over the next 3-5 years, the company aims to deepen its focus on smart city information systems and technology services, enhancing core technologies in various sectors such as smart ports and smart security [3] - The company plans to increase R&D investment, improve core competitiveness, and control risks while striving to enhance operational performance [3]

Core Viewpoint - The company, Huashi Technology, focuses on providing integrated solutions in smart governance, smart living, and smart construction, with a significant emphasis on data-driven applications and digital transformation in various sectors [2][3][7]. Company Overview - Huashi Technology is located in Yuhang District, Hangzhou, Zhejiang Province, and was established on June 2, 1998. It was listed on March 7, 2022. The company primarily offers project design, information system development, hardware and software procurement, system integration, and operational services [3][7]. - The main revenue composition includes system integration (77.00%), security sales (16.85%), system maintenance (4.81%), and others (1.34%) [7]. Business Development - The company has developed core products such as three-dimensional laser scanning equipment and algorithms for spatial data, which are applied in various fields including security, smart factories, and intelligent transportation [2]. - As of August 25, 2023, the company has accumulated significant big data in inland waterway applications and plans to leverage this data in future smart port and shipping applications [2]. Financial Performance - For the first half of 2025, Huashi Technology achieved operating revenue of 194 million yuan, representing a year-on-year growth of 71.02%. However, the net profit attributable to the parent company was -11.54 million yuan, a decrease of 6.33% year-on-year [8]. - The company has distributed a total of 23.53 million yuan in dividends since its A-share listing, with 14.03 million yuan distributed over the past three years [9]. Market Activity - On September 10, 2023, Huashi Technology's stock rose by 0.89%, with a trading volume of 34.75 million yuan and a turnover rate of 2.31%, bringing the total market capitalization to 2.444 billion yuan [1]. - The main net inflow of funds was 307,700 yuan, accounting for 0.01% of the total, indicating a slight increase in institutional investment over the past two days [4][5].

国投证券股份有限公司 关于浙江华是科技股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：国投证券股份有限公司 | 被保荐公司简称：华是科技（301218） | | --- | --- | | 保荐代表人姓名：郑云洁 | 联系电话：021-55518391 | | 保荐代表人姓名：钟铁锋 | 联系电话：021-55518388 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1．公司信息披露审阅情况 | - | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2．督导公司建立健全并有效执行规章制度 | - | | 的情况 | | | （1）是否督导公司建立健全规章制度（包 | | | 括但不限于防止关联方占用公司资源的制 | 是 | | 度、募集资金管理制度、内控制度、内部审 | | | 计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3．募集资金监督情况 | - | | （1）查询公司募集资金专户次数 | 6 次 | | | 是，公司募集资金会用情况与信息披 ...

Group 1 - The core viewpoint of the news is that 华是科技 experienced a decline in stock price and trading volume, with significant net financing outflows on August 27, indicating potential investor concerns [1] - As of August 27, 华是科技's financing balance was 55.99 million yuan, accounting for 2.14% of its market capitalization, which is below the 40th percentile level over the past year, suggesting a low financing position [1] - The company reported a revenue of 194 million yuan for the first half of 2025, representing a year-on-year growth of 71.02%, while the net profit attributable to shareholders was -11.54 million yuan, a decrease of 6.33% year-on-year [2] Group 2 - 华是科技's main business segments include system integration (77.00%), security sales (16.85%), system maintenance (4.81%), and others (1.34%), indicating a strong focus on system integration services [1] - The number of shareholders for 华是科技 decreased by 3.52% to 13,700 as of August 20, 2025, while the average circulating shares per person increased by 3.65% to 5,114 shares [2] - Since its A-share listing, 华是科技 has distributed a total of 23.53 million yuan in dividends, with 14.03 million yuan distributed in the last three years [3]

Financial Performance - The company reported a total revenue of 194 million yuan for the first half of 2025, representing a year-on-year increase of 71.02% compared to 113 million yuan in the same period of 2024 [1] - The net profit attributable to the parent company was -11.54 million yuan, a decrease of 6.33% from -10.85 million yuan in the previous year [1] - The gross profit margin increased by 1.65% to 14.19%, while the net profit margin improved by 37.41% to -6.68% [1] - Total expenses (selling, administrative, and financial) amounted to 26.86 million yuan, accounting for 13.87% of revenue, a decrease of 45.93% year-on-year [1] Cash Flow and Debt - The company’s cash and cash equivalents increased by 12.43% to 518 million yuan, while accounts receivable rose by 16.36% to 275 million yuan [1] - Interest-bearing debt surged by 198.20% to 144 million yuan, indicating a significant increase in leverage [1] - Operating cash flow per share was -0.24 yuan, a decrease of 49.98% from -0.16 yuan in the previous year [1] Business Model and Strategy - The company relies heavily on research and marketing for its business performance, with a historical median Return on Invested Capital (ROIC) of 14.51% since its listing [3] - The company has made strategic moves in the marine economy, including the development of a smart port management system and a partnership with Zhejiang Ocean University to explore innovative models in the marine and digital economy [4] Investment Interest - The largest fund holding the company’s shares is the Fortune CSI 2000 ETF, which has a current scale of 21 million yuan and has seen a year-on-year increase of 87.43% [3]

Financial Performance - The company reported total revenue of 194 million yuan for the first half of 2025, a year-on-year increase of 71.02% [1] - The net profit attributable to shareholders was -11.54 million yuan, a decrease of 6.33% year-on-year [1] - In Q2 2025, total revenue was 57.06 million yuan, down 22.11% year-on-year, while net profit attributable to shareholders was -9.59 million yuan, an increase of 0.92% [1] - The gross margin increased by 1.65% to 14.19%, while the net margin improved by 37.41% to -6.68% [1] Cost and Expenses - Total selling, administrative, and financial expenses amounted to 26.86 million yuan, accounting for 13.87% of revenue, a decrease of 45.93% year-on-year [1] - The company’s operating cash flow per share was -0.24 yuan, a decrease of 49.98% year-on-year [1] Assets and Liabilities - Cash and cash equivalents increased by 12.43% to 518 million yuan [1] - Accounts receivable rose by 16.36% to 275 million yuan [1] - Interest-bearing debt surged by 198.20% to 144 million yuan [1] Investment and Returns - The company's return on invested capital (ROIC) was 0.06% last year, indicating weak capital returns [3] - The historical median ROIC since the company’s listing is 14.51%, suggesting better investment returns in the past [3] Business Strategy and Development - The company is focusing on the marine economy, with products related to smart fishing port management and a strategic partnership with Zhejiang Ocean University [5] - The company aims to explore innovative models combining marine and digital economies to enhance high-quality development in marine industries [5] Fund Holdings - The largest fund holding shares in the company is the Fortune China Securities 2000 ETF, which has recently increased its position [4]

Group 1 - The core viewpoint of the news is that Huashi Technology (301218.SZ) reported its semi-annual results for 2025, revealing a total of 6 institutional investors holding shares, which amounts to 5.25% of the total share capital [1] - The total number of shares held by institutional investors is 5.9842 million, with a decrease of 0.16 percentage points compared to the previous quarter [1] - New public funds disclosed in this period include two funds: Dacheng CSI 360 Internet + Index A and Fortune CSI 2000 ETF, while four public funds were not disclosed in this period [1] Group 2 - The only new foreign institution disclosed in this period is BARCLAYS BANK PLC [2]

Core Insights - The company reported a total operating revenue of 194 million yuan for the first half of 2025, an increase of 80.39 million yuan compared to the same period last year, marking a year-on-year growth of 71.02% [1] - The net profit attributable to shareholders was -11.54 million yuan, indicating a loss [1] - The company experienced a net cash outflow from operating activities of -27.93 million yuan, ranking 36th among disclosed peers [1] Financial Metrics - The latest debt-to-asset ratio stands at 41.40% [3] - The gross profit margin is 14.19%, which is an increase of 6.51 percentage points from the previous quarter and an increase of 0.23 percentage points year-on-year [3] - The return on equity (ROE) is -1.25% [3] Earnings and Turnover - The diluted earnings per share are -0.10 yuan [4] - The total asset turnover ratio is 0.12 times, an increase of 0.04 times compared to the same period last year, representing a year-on-year growth of 53.59% [4] - The inventory turnover ratio is 0.47 times, which is an increase of 0.14 times year-on-year, marking two consecutive years of growth with a year-on-year increase of 41.45% [4] Shareholder Structure - The number of shareholders is 14,400, with the top ten shareholders holding a total of 62.75 million shares, accounting for 55.03% of the total share capital [4] - The top shareholders include: 1. Qian Yongfang - 17.3% 2. Ye Jianbiao - 16.7% 3. Zhang Zhongcan - 11.6% 4. Wen Zhiwei - 2.56% 5. Hangzhou Zhongshi Equity Investment Management Partnership (Limited Partnership) - 1.52% 6. Barclays Bank PLC - 1.13% 7. Ding Hongwei - 1.11% 8. Hangzhou Tianshi Equity Investment Management Partnership (Limited Partnership) - 1.10% 9. Chen Jianghai - 0.90% 10. Chenghua - 0.90% [4]

每经头条（nbdtoutiao）——能给主人"打电话"的宠物智能手机也来了！宠物产业3000亿元市场大爆 发，行业上市公司"涨"声一片 每经AI快讯，华是科技（SZ 301218，收盘价：24.01元）8月27日发布半年度业绩报告称，2025年上半 年营业收入约1.94亿元，同比增加71.02%；归属于上市公司股东的净利润亏损约1154万元；基本每股收 益亏损0.1元。2024年同期营业收入约1.13亿元；归属于上市公司股东的净利润亏损约1085万元；基本每 股收益亏损0.1元。 （记者 王晓波） ...

智通财经APP讯，华是科技(301218.SZ)发布2025年半年度报告，该公司营业收入为1.94亿元，同比增长 71.02%。归属于上市公司股东的净亏损为1153.95万元，同比扩大6.33%。归属于上市公司股东的扣除非 经常性损益的净亏损为1461.48万元，同比扩大6.46%。基本每股亏损为0.1元。 ...