证券代码：301330 证券简称：熵基科技 公告编号：2025-077 《关于注销及开立闲置募集资金现金管理专用结算账户的公告》（公告编号： 2025-057）、《关于注销及开立闲置募集资金现金管理专用结算账户的公告》（公 告编号：2025-064）、《关于注销及开立闲置募集资金现金管理专用结算账户的 公告》（公告编号：2025-067）、《关于注销及开立闲置募集资金现金管理专用 结算账户的公告》（公告编号：2025-068）。鉴于现金管理部分专用结算账户已 不再使用且无后续使用计划，公司及广东熵基已于近期将相关账户注销，具体注 销的账户信息如下： | 开户银行 | 账户名称 | 账户号码 | | --- | --- | --- | | 东莞银行股份有限公司樟木头支行 | 熵基科技（广东）有限公司 | 57900*****43788 | | 东莞银行股份有限公司樟木头支行 | 熵基科技（广东）有限公司 | 54900*****08238 | | 东莞银行股份有限公司樟木头支行 | 熵基科技（广东）有限公司 | 57900*****08232 | | 东莞银行股份有限公司樟木头支行 | 熵基科技（广东）有限公司 ...

具体来看，公司实现营业收入9.29亿元，相较2024年同期实现稳定增长，归属于上市公司股东的净利润 9323.56万元，同比增长18.56%，归属于上市公司股东的扣除非经常性损益的净利润为8443.09万元，同 比增长25.69%，在优化运营效率与强化成本管控的共同作用下，公司整体经营展现了良好的韧性。 核心业务稳健前行，火星慧知智能体加持物联网云服务升级，创新研发实力推动产品加速落地 2025年上半年，熵基科技凭借其在多模态混合生物识别、AI感知物联网及智慧空间管理领域的技术创 新优势与全球化布局，实现了经营业绩的稳健表现。 8月27日，熵基科技（301330）股份有限公司发布2025年半年度报告。报告期内，持续深化多模态 BioCV（计算机视觉与生物识别）与AI认知技术的融合，推出火星慧知平台，公司海外业务增长强劲， 增长比例为12.58%，智慧办公云订阅业务快速成长，智慧零售业务逐步落地，公司前瞻性布局脑机接 口技术，全球区域化供应链基地取得积极进展。 智慧商业业务在全球经过近两年的推广，已经触达越来越多的客户群体，且智慧商业行业数智化升级在 不断加速，市场需求丰富，公司在重点国家例如日本、印尼、泰国、 ...

Core Insights - The stock of Entropy Technology increased by 10.27% on August 28, with a trading volume of 826 million yuan [1] - As of August 28, the total margin balance for Entropy Technology was 207 million yuan, representing 5.06% of its market capitalization [1] - The company reported a revenue of 929 million yuan for the first half of 2025, reflecting a year-on-year growth of 2.90% [2] Financing and Margin Trading - On August 28, Entropy Technology had a financing buy-in amount of 90.425 million yuan, with a net buy of 6.0717 million yuan [1] - The financing balance of 207 million yuan is above the 90th percentile of the past year, indicating a high level of margin trading activity [1] - There were no short sales or short positions reported on August 28, with the short balance at zero [1] Business Performance - The company’s main business segments include smart space (73.84%), smart office (18.33%), digital identity authentication (4.32%), and smart commerce (3.11%) [1] - The number of shareholders increased by 25.78% to 22,200 as of June 30, 2025, while the average number of circulating shares per person decreased by 4.83% [2] - The net profit attributable to the parent company for the first half of 2025 was 93.236 million yuan, showing an 18.56% increase year-on-year [2] Shareholder and Dividend Information - Since its A-share listing, Entropy Technology has distributed a total of 236 million yuan in dividends [3] - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited and other institutional investors, with notable increases in holdings [3]

Financial Performance - In the first half of 2025, the company achieved a consolidated revenue of 9,323.56 million yuan, a year-on-year increase of 9.29% [2] - The net profit attributable to shareholders was 9,323.56 million yuan, up 18.56% year-on-year [2] - The net profit excluding non-recurring gains and losses was 8,443.09 million yuan, reflecting a growth of 25.69% [2] - Overseas business revenue reached 7.04 billion yuan, accounting for 75.73% of total revenue, with a growth of 12.58% compared to the same period in 2024 [2] - Domestic business revenue was 2.26 billion yuan, representing 24.27% of total revenue, with a decline of 18.88% year-on-year [2] Business Segments - The Smart Space segment generated approximately 6.86 billion yuan, making up 74.13% of total revenue [3] - The Smart Office segment earned about 1.70 billion yuan, accounting for 18.40% of total revenue, with a year-on-year growth of 30.80% [3] - The Digital Identity Authentication segment reported revenue of approximately 401.63 million yuan, representing 4.34% of total revenue, down 12.50% year-on-year [3] - The Smart Commercial segment generated around 289.41 million yuan, accounting for 3.13% of total revenue, with a growth of 17.10% [3] Cost and Profitability - Total operating expenses (excluding financial costs) for the first half of 2025 were 371 million yuan, a decrease of 0.74% year-on-year [4] - R&D expenses were 104 million yuan, down 1.50%, representing 11.20% of revenue [4] - The overall gross margin for the first half of 2025 was 51.13%, an increase of 1.64% year-on-year [4] - The gross margin for overseas sales was 57.51%, while domestic sales gross margin was 31.21%, down 1.18% year-on-year [4] Future Outlook - The company anticipates a stabilization of domestic business and continued growth in overseas markets [6] - New product launches in the second half of 2025 are expected to drive sales growth in the Smart Space segment [5] - The company is focusing on expanding its presence in key overseas markets, including North America, Europe, and Southeast Asia [7] Investor Engagement - The company addressed investor questions regarding cash flow, overseas business focus, and technological advancements in brain-computer interfaces [6][7][8] - The operating cash flow for the first half of 2025 improved significantly due to adjustments in payment structures [6] - The company is exploring the integration of brain-computer interface technology with robotics for applications in rehabilitation and elderly care [8]

| 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 9.03亿 | 2665.6 | 2.90% | | 归母净利润（元） | 7863.77万 | 9323.56万 | 18.56% | | 扣非净利润(元) | 6717.22万 | 1 8443.09万 | 25.69% | | 货币资金(元) | 13.19亿 | 13.04亿 | -1.16% | | 应收账款(元) | 4.7亿 | 5.29亿 | 12.43% | | 有息负债 (元) | 2994.63万 | 1.07 Z | 256.91% | | 手利率 | 49.49% | 51.13% | 3.31% | | 净利率 | 9.40% | 12.00% | 27.67% | | 三费占营收比 | 27.61% | 25.83% | -6.44% | | 每股净资产 (元) | 16.44 | 14.27 | -13.17% | | 每股收益(元) | 0.34 | 0.4 | 18.10% | | 每股经营性现金流(元) | 0.34 | 0.7 ...

Core Viewpoint - The company emphasizes a long-term development strategy amidst domestic market adjustments, focusing on quality management and promoting high-margin products while reducing low-margin sales [2][3]. Group 1: Domestic Market Strategy - The company is addressing the decline in the domestic market by maintaining strict operational quality and ensuring stable accounts receivable and reasonable inventory turnover [2]. - The company is committed to upgrading and promoting cloud products domestically to enhance profitability [2]. Group 2: High Gross Margin Drivers - The company's high gross margin is attributed to its focus on the global market, mastery of core algorithms, and self-production capabilities, which provide both technical and brand premium [3]. - Increasing overseas sales, which have a higher gross margin, is a key factor in the overall high gross margin, driven by customized demand and localized strategies [3]. Group 3: Collaboration and New Product Developments - The company is collaborating with Lingzu Technology to explore the integration of brain-computer interface (BCI) technology with robotics, aiming to build a multi-field collaborative innovation system [4]. - New products related to brain-computer technology showcased at a Thailand exhibition have garnered attention, although these products are still in the research and development phase [4]. - The company encourages investors to follow its official channels for updates on new product launches and acknowledges the uncertainties in new business development [4].

Group 1: Market Performance and Strategy - The domestic market is experiencing a decline due to a lack of competitive products and low profit margins, prompting the company to focus on sustainable development and strategic planning for future growth [2] - The company is implementing strict management to ensure stable accounts receivable, reasonable inventory turnover, and maintaining profit margins within a reasonable range [2] Group 2: Profitability Factors - The overall high gross margin is attributed to increasing overseas sales, which have a higher gross margin compared to domestic sales [2] - Key drivers of high overseas gross margins include: - Customized product demands that enhance pricing power [2] - Localization strategies that cater to specific regional needs, providing high-value personalized services [2] - High pricing autonomy in developed markets like North America and Europe, where consumers are willing to pay more for quality [2] - A significant portion of revenue from high-margin software and service fees in exports [2] Group 3: Project Updates and Collaborations - The acquisition of the Longzhiyuan project is still in progress, with updates to be provided through official announcements [3] - The company is exploring collaborations with Lingzu Technology, focusing on the integration of brain-computer interface (BCI) technology with robotics across various sectors [3] - The brain-machine interface products showcased at a recent exhibition in Thailand received positive attention, aligning with global smart health market trends [3]

Financial Performance - In the first half of 2025, the company's revenue reached 929,258,759.5 yuan, representing a year-on-year increase of 2.9% [2][3] - The net profit attributable to shareholders was 93,235,556.28 yuan, up 18.56% compared to the same period last year [2][3] - The net profit after deducting non-recurring gains and losses was 84,430,913.49 yuan, reflecting a growth of 25.69% year-on-year [2][3] - The net cash flow from operating activities was 169,183,153.56 yuan, a significant increase of 153.91% [3] - Basic earnings per share were 0.3999 yuan, an increase of 18.10% [3] - Total assets amounted to 4,212,927,418.94 yuan, up 4.94% year-on-year [3] Technological Advancements - The company holds multiple core technologies in the field of biometric recognition, covering various modalities such as fingerprint, palm, face, iris, and finger vein [2] - The company has developed a multi-modal fusion recognition technology that enhances accuracy and security by combining various biometric features [2] - Significant breakthroughs in liveness detection technology have been achieved, effectively preventing spoofing attacks using photos, videos, or masks [2] Product Development - The focus areas include palm and facial recognition technologies, enabling convenient identity verification across diverse mobile devices and platforms [4] - The company has introduced cross-platform interoperability for palm and facial recognition, supporting various operating systems including Harmony, Android, and iOS [4] - A standardized format and cross-platform protocol have been adopted to ensure secure transmission of feature templates, protecting user privacy [4] Strategic Positioning - The company has evolved from a single biometric technology pioneer to a leader in multi-modal BioCV and AI cognitive technologies [5] - By integrating computer vision with biometric recognition, the company aims to enhance user interaction and service provision [5] - The company is committed to exploring the value of human-scene interaction and empowerment through innovative practices [5]

Core Insights - Entropy Technology (301330.SZ) reported a total revenue of 929 million yuan for the first half of 2025, ranking 17th among disclosed peers, with a year-on-year increase of 26.16 million yuan, or 2.90% [1] - The net profit attributable to shareholders was 93.24 million yuan, ranking 15th among peers, reflecting a year-on-year increase of 14.60 million yuan, or 18.56% [1] - The net cash inflow from operating activities was 169 million yuan, ranking 10th among peers, with a significant year-on-year increase of 103 million yuan, or 153.91% [1] Financial Metrics - The latest gross profit margin is 51.13%, ranking 15th among peers, with a quarter-on-quarter increase of 0.16 percentage points and a year-on-year increase of 1.43 percentage points, marking four consecutive years of growth [2] - The return on equity (ROE) is 2.78%, ranking 23rd among peers, with a year-on-year increase of 0.32 percentage points [2] - The diluted earnings per share (EPS) is 0.40 yuan, ranking 16th among peers, with a year-on-year increase of 0.06 yuan, or 18.10% [2] - The total asset turnover ratio is 0.23 times, ranking 24th among peers [2] - The inventory turnover ratio is 1.31 times, ranking 21st among peers, with a year-on-year increase of 0.10 times, or 8.22% [2] Shareholder Structure - The number of shareholders is 22,200, with the top ten shareholders holding 159 million shares, accounting for 67.66% of the total share capital [2] - The largest shareholder is Shenzhen Zhongkong Times Investment Co., Ltd., holding 29.83% [2] Debt Metrics - The latest debt-to-asset ratio is 19.21%, ranking 18th among disclosed peers [3]

Core Viewpoint - AI-related stocks showed strong performance on August 27, with notable gains in several companies, indicating a positive market sentiment towards the AI sector [1]. Company Performance - Nengke Technology (能科科技) reached a limit-up, marking its second consecutive trading day of gains, with a rise of 10% [2]. - Kute Intelligent (酷特智能) increased by over 8%, reflecting strong investor interest [1]. - Yinkang Life (盈康生命) and Wanxing Technology (万兴科技) also experienced upward movement, contributing to the overall positive trend in AI stocks [1]. - Other companies such as Doushen Education (豆神教育) and Huichan Technology (慧辰股份) also reported gains, with the latter showing a rise of 6.14% [2]. Percentage Changes - Nengke Technology (能科科技) recorded a significant increase of 53.02% in its stock price [2]. - Kute Intelligent (酷特智能) saw a rise of 25.90% [2]. - Yinkang Life (盈康生命) and Wanxing Technology (万兴科技) had increases of 11.27% and 89.88%, respectively [2]. - Doushen Education (豆神教育) experienced a gain of 10.10% [2].