格隆汇9月2日丨华如科技(301302.SZ)公布，截至2025年8月31日，公司通过股份回购专用证券账户以集 中竞价交易方式累计回购公司股份1,800,000股，占公司当前股本的1.15%。最高成交价为24.50元/股， 最低成交价为19.38元/股，成交总金额为人民币3829.4174万元(不含交易费用)。 ...

| 投资者关系活 | □特定对象调研 □媒体采访 | □分析师会议 ☑业绩说明会 | | --- | --- | --- | | 动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | □电话会议 | | | □券商策略会 | | | 参与单位名称 | 投资者网上提问 | | | 及人员姓名 | | | | 时间 | 2025 年 9 月 2 日 15:00-17:00 | | | 地点 | | 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn | | | "云访谈"栏目 | | | 公司接待人员 | 董事长、总经理：韩超先生 | | | | 独立董事：赵雪媛女士 | | | 姓名 | 财务总监：周珊女士 | | | | 董事会秘书：吴亚光先生 | | | | 保荐代表人：刘芮辰女士 | | | 投资者关系活 | 1、公司在 AI 领域有何布局？ | | 证券代码：301302 证券简称：华如科技 | 动主要内容 | 尊敬的投资者您好：公司成立于 2011 年，成立伊始公 | | --- | --- | | 介绍 | 司以军事仿真为主业，致力于打造中国军事仿真自主品牌 ...

证券代码：301302 证券简称：华如科技 公告编号：2025-046 北京华如科技股份有限公司 关于股份回购进展情况公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京华如科技股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日召 开第五届董事会第七次会议，审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金以集中竞价交易方式回购部分公司股份，用于实施股权 激励计划或员工持股计划。本次回购的资金总额不低于人民币 2,000 万元（含） 且不超过人民币 4,000 万元（含），回购价格不超过人民币 26.00 元/股（含）。 按本次回购资金总额上限人民币 4,000 万元，回购股份价格上限 26.00 元/股进 行测算，预计可回购股份数量为 1,538,461 股，约占公司当前总股本的 0.99%；按本次回购资金总额下限人民币 2,000 万元，回购股份价格上限 26.00 元/股进行测算，预计可回购股份数量为 769,231 股，约占公司当前总股本的 0.49%，具体回购股份的金额、数 ...

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Beijing Huaru Technology Co., Ltd. on August 28, 2023, indicating a slight increase in stock price and notable financing activities [1] - On August 28, Huaru Technology's stock rose by 0.57%, with a trading volume of 184 million yuan. The net financing purchase amounted to 1.76 million yuan, with a total financing and securities balance of 111 million yuan [1] - The financing balance of Huaru Technology represents 2.69% of its market capitalization, which is above the 80th percentile of the past year, indicating a high level of financing activity [1] Group 2 - Huaru Technology, established on November 23, 2011, specializes in military simulation software sales and technology development, with its main revenue sources being hardware products (51.49%), technology development (31.54%), and other services [2] - As of August 20, 2023, the number of shareholders increased by 19.16% to 21,300, while the average circulating shares per person decreased by 16.08% to 6,512 shares [2] - For the first half of 2025, Huaru Technology reported a revenue of 103 million yuan, reflecting a year-on-year growth of 3.85%, but a net profit loss of 83.81 million yuan, a decrease of 27.58% compared to the previous year [2]

Core Viewpoint - Huaru Technology (301302.SZ) reported its semi-annual results for 2025, highlighting a total institutional ownership of 27.98 million shares, representing 17.95% of the company's total equity, with a decline in institutional ownership compared to the previous quarter [1] Institutional Ownership - As of August 26, 2025, five institutional investors disclosed their holdings in Huaru Technology, with a combined shareholding of 27.98 million shares, accounting for 17.95% of the total equity [1] - The institutional ownership percentage decreased by 1.72 percentage points compared to the previous quarter [1] Public Fund and Social Security Fund - Three public funds were not disclosed in the current period compared to the previous quarter, including GF Technology Innovation Mixed A, Changxin National Defense and Military Industry Quantitative Mixed A, and Penghua Macro Mixed [1] - One social security fund was not disclosed in the current period compared to the previous quarter, specifically the National Social Security Fund 503 Portfolio [1]

Financial Performance - The company reported total revenue of 103 million yuan for the first half of 2025, a year-on-year increase of 3.85% [1] - The net profit attributable to the parent company was -83.81 million yuan, a decline of 27.58% year-on-year [1] - In Q2 2025, total revenue was 65.07 million yuan, up 4.87% year-on-year, while the net profit attributable to the parent company was -44.02 million yuan, down 69.65% year-on-year [1] - The gross margin was 24.91%, a decrease of 52.81% year-on-year, and the net margin was -81.36%, down 22.84% year-on-year [1] Financial Ratios - The company's accounts receivable accounted for 172.49% of total revenue, indicating a significant amount of outstanding payments [1] - The total of selling, administrative, and financial expenses was 48.09 million yuan, representing 46.68% of revenue, a decrease of 38.61% year-on-year [1] - The earnings per share (EPS) was -0.54 yuan, a decrease of 28.57% year-on-year, while the net asset per share was 10.43 yuan, down 19.43% year-on-year [1] Business Model and Investment Returns - The company's business model relies heavily on research and development, which requires careful examination of the underlying drivers [3] - Historical data shows a median Return on Invested Capital (ROIC) of 12.74%, but the worst year, 2024, had a ROIC of -18.09%, indicating poor investment returns [3] - The company has experienced two years of losses since its listing, suggesting a fragile business model [3] Cash Flow and Financial Health - The average operating cash flow over the past three years has been -122.57% relative to current liabilities, indicating cash flow concerns [3] - Financial expenses have also been a concern, with the average net cash flow from operating activities being negative over the past three years [3]

Core Insights - Beijing Huaru Technology Co., Ltd. reported a revenue of 103 million yuan for the first half of 2025, representing a year-on-year growth of 3.85% [1] Group 1: Company Overview - The company was established in 2011, initially focusing on military simulation and aiming to create a domestic brand in military simulation [1] - Huaru Technology provides high-quality professional simulation products and technical development services in areas such as combat experiments, simulation training, equipment verification, testing, and comprehensive support [1] Group 2: Strategic Focus - Starting from 2025, the company is concentrating on the research and application of military intelligence-related products [1] - The company aims to develop a new paradigm for national defense, centered around the XSim® military intelligence system, utilizing self-developed intelligent simulation platforms and tools [1] Group 3: Product and Service Offerings - Huaru Technology's offerings include intelligent decision-making, virtual training, digital testing, training equipment, and intelligent equipment across five major application areas [1] - The company is also nurturing the "Xiaoru Culture" sub-brand, focusing on the digital cultural creation sector, which includes online game development and operation, offline digital space creation, and IP derivative product development [1]

从资金流向来看，华如科技8月25日主力资金净流出3524.55万元，占流通市值的0.83%。近五个交易日 累计净流出5587.88万元，占流通市值的1.32%。 风险提示：以上内容仅供参考，不构成任何投资建议。股市有风险，投资需谨慎。 根据最新披露的半年报显示，华如科技2025年上半年实现营业收入1.03亿元，同比增长3.85%；但归属 上市公司股东的净利润为-0.84亿元，同比下降27.58%；扣非净利润为-0.89亿元，同比下降24.61%。 截至2025年8月25日15时，华如科技股价报27.23元，与前一交易日收盘价持平。当日开盘价为27.23元， 最高触及27.37元，最低下探至26.79元，成交量为83259手，成交金额达2.26亿元。 华如科技主营业务为软件开发，涉及混合现实、机器人、元宇宙等多个前沿技术领域。公司总部位于北 京，目前总市值42.44亿元，流通市值37.85亿元。 ...

和完善劳动者与所有者的利益共享机制，有利于进一步完善公司治理水平，提高 员工的凝聚力和公司竞争力，充分调动员工的积极性和创造性，吸引和保留优秀 管理人才，实现公司可持续发展。 综上，公司董事会薪酬与考核委员会认为公司实施本员工持股计划符合公司 长远发展的需要，不存在损害公司及全体股东利益的情形，同意公司实施 2025 年员工持股计划。 北京华如科技股份有限公司 董事会薪酬与考核委员会 北京华如科技股份有限公司 董事会薪酬与考核委员会关于公司 2025 年员工持股计划 相关事项的核查意见 北京华如科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 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》"）、《关于上市公司实施员工持股计划试 点的指导意见》（以下简称"《指导意见》"）、《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》（以下简称"《自律监管指引 第 2 号》"）等相关法律法规及规范性文件的规定，对公司 2025 年员工持股计 划（以下简称"本员工持股计划"）相关事项进行了核查，并发表核查意见如下： 文件规定的禁止实 ...

、《上市公司股权激励管理办法》 （以下简称"《管 理办法》"）、 北京华如科技股份有限公司 董事会薪酬与考核委员会关于公司 2025 年限制性股票激励计划 相关事项的核查意见 北京华如科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》 （以下简称"《证券法》"） 《深圳证券交易所创业板股票上市规则》 （以下简称"《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 "《自律监管指南》"）等相关法律法规及规范性文件和《北京华如科技股份有限 公司章程》 《公司章程》"）的有关规定，对公司 2025 年限制性股票 （以下简称" 激励计划（以下简称"本激励计划"）相关事项进行了核查，发表核查意见如下： 形，包括： （1）最近一个会计年度财务会计报告被注册会计师出具否定意见或者无法 表示意见的审计报告； （2）最近一个会计年度财务报告内部控制被注册会计师出具否定意见或无 法表示意见的审计报告； （3）上市后最近 36 个月内出现过未按法律法规、公司章程、公开承诺进行 利润分配的情形； ...