Core Viewpoint - Rongqi Technology (301360.SZ) is actively expanding new application scenarios for testing equipment based on customer needs, with a focus on achieving mass production of new projects this year, specifically testing equipment for heat sink (VC) materials and modules [1] Group 1 - The company is engaging in investor relations activities to communicate its strategic direction and developments [1] - The new project that has reached mass production stage involves testing equipment for heat sink materials and modules [1]

Group 1 - The company has made significant investments in the smart glasses sector [1] - Precision assembly equipment is being utilized for Meta's smart glasses [1] - Testing equipment is primarily serving Apple's smart glasses [1]

Group 1: Company Performance - The company's overall shipment volume increased by approximately 40.08% compared to the same period last year [3] - As of June 30, 2025, the company's backlog of orders increased by about 135.34% year-on-year [3] - The decline in half-year performance was primarily due to project acceptance delays, affecting revenue [3] Group 2: Strategic Initiatives - The company has made significant investments in the smart glasses sector, providing precision assembly equipment for Meta's smart glasses and testing equipment for Apple's smart glasses [2] - A new project in the thermal management materials and module testing equipment has reached mass production this year [2] - The company is considering mergers and acquisitions based on industry prospects and strategic alignment, with compliance to legal disclosure requirements [3] Group 3: Investor Engagement - The investor relations activity was conducted online, with participation from the company's chairman and other executives [2] - The company emphasized the importance of monitoring the acceptance of backlog orders for the final annual performance [3] - No undisclosed significant information was involved in this investor relations activity [3]

Core Viewpoint - Rongqi Technology (301360.SZ) reported its semi-annual results for 2025, highlighting an increase in institutional investor holdings, which indicates growing confidence in the company's performance [1] Summary by Category Company Performance - As of August 26, 2025, a total of 6 institutional investors disclosed their holdings in Rongqi Technology A-shares, with a combined holding of 4.6619 million shares, representing 8.74% of the total share capital [1] - The institutional holding ratio increased by 0.48 percentage points compared to the previous quarter, reflecting a positive trend in investor sentiment [1] Institutional Investors - The institutional investors include Shanghai Tengqi Enterprise Management Consulting Partnership (Limited Partnership), Suzhou Shijia Technology Co., Ltd., Dongwu Securities - Industrial and Commercial Bank of China - Dongwu Securities Rongqi Technology Employee Participation in the Growth Enterprise Market Strategic Allocation Collective Asset Management Plan, Suzhou Huiyi Equity Investment Management Partnership (Limited Partnership) - Suzhou Huiqi Jintong Venture Capital Partnership (Limited Partnership), BARCLAYS BANK PLC, and Suzhou Junshang He Yu Venture Capital Partnership (Limited Partnership) [1] - The total proportion of shares held by institutional investors stands at 8.74%, indicating a significant level of institutional interest in the company [1]

Core Viewpoint - Rongqi Technology (301360) reported disappointing financial results for the first half of 2025, with significant declines in revenue and net profit compared to the previous year [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 was 116 million yuan, a decrease of 10.65% year-on-year [1]. - The net profit attributable to shareholders was -5.17 million yuan, representing a decline of 137.13% year-on-year [1]. - The gross margin was 37.52%, down 21.36% year-on-year, while the net margin was -4.46%, a decrease of 141.55% [1]. - The total of financial, sales, and management expenses reached 28.21 million yuan, accounting for 24.33% of total revenue, an increase of 41.69% year-on-year [1]. Cash Flow and Asset Management - The net cash flow from operating activities decreased by 205.52%, primarily due to increased payments to suppliers resulting from a significant rise in shipment volume [3]. - The net cash flow from investment activities dropped by 619.43%, attributed to increased purchases of structured deposits [3]. - The net increase in cash and cash equivalents fell by 266.95%, also due to the purchase of structured deposits [3]. Business Model and Operational Insights - The company's performance is primarily driven by research and development as well as marketing efforts, necessitating a thorough examination of the underlying factors behind these drivers [4]. - The company’s return on invested capital (ROIC) was 2.45% last year, indicating weak capital returns, while the historical median ROIC since listing is 33.95% [3]. Debt and Receivables Analysis - The company’s cash assets are reported to be very healthy, but attention is needed on cash flow status, with the average operating cash flow over the past three years being only 9.19% of current liabilities [5]. - The accounts receivable to profit ratio has reached 410.39%, indicating potential issues in receivables management [5]. Future Outlook - The company's revenue recognition is significantly influenced by project acceptance progress, leading to uncertainty in the overall performance outlook for 2025, although a slight increase compared to the previous year is anticipated [5].

荣旗工业科技(苏州)股份有限公司（证券代码：301360，证券简称：荣旗科技）于2025年8月25日在公 司四楼会议室以现场结合通讯方式召开了第三届董事会第六次会议，会议由董事长钱曙光主持，全体9 名董事均出席了会议，公司监事列席。此次会议审议并通过了多项重要议案。 此外，董事会还通过了《关于提请召开公司2025年第二次临时股东大会的议案》，决定于2025年9月11 日召开临时股东大会，采取现场表决与网络投票相结合的方式，审议相关事项，具体通知已在巨潮资讯 网披露，表决结果为全票同意。 相关备查文件包括第三届董事会第六次会议决议和第三届董事会审计委员会2025年第四次会议决议。 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 ...

Group 1 - The core point of the news is that Rongqi Technology announced the convening of its third board meeting to review the half-year report for 2025, indicating ongoing corporate governance and financial transparency [1] - For the fiscal year 2024, Rongqi Technology's revenue composition is entirely from high-end equipment manufacturing, highlighting the company's focus on this sector [1] Group 2 - As of the report, Rongqi Technology has a market capitalization of 2.9 billion yuan, reflecting its valuation in the market [2]

格隆汇8月25日丨荣旗科技(301360.SZ)公布2025年半年度报告，上半年公司实现营业收入1.16亿元，同 比下降10.65%；归属于上市公司股东的净利润-516.73万元，同比盈转亏；归属于上市公司股东的扣除 非经常性损益的净利润-714.396万元；基本每股收益-0.10元。 ...

东吴证券股份有限公司 关于荣旗工业科技（苏州）股份有限公司 2025年半年度持续督导跟踪报告 三、公司及股东承诺事项履行情况 | 公司及股东承诺事项 | 是否履行承诺 | 未履行承诺的原因及解决 | | --- | --- | --- | | | | 措施 | | 1.发行前股东所持股份的限售安 排、自愿锁定股份、延长锁定期限 | 是 | 不适用 | | 等承诺 | | | | 2.发行前5%以上股东持股及减持 | 是 | 不适用 | | 意向的承诺 | | | | 3.关于稳定股价的承诺 | 是 | 不适用 | | 4.关于填补被摊薄即期回报的措 | 是 | 不适用 | | 施及承诺 | | | | 5.关于利润分配政策的承诺 | 是 | 不适用 | | 6.关于对欺诈发行上市的股份购 | 是 | 不适用 | | 回承诺 | | | | 7.关于依法承担赔偿或赔偿责任 | 是 | 不适用 | | 的承诺 | | | | 8.关于避免同业竞争的承诺 | 是 | 不适用 | | 9.关于规范关联交易的承诺 | 是 | 不适用 | | 10.关于社会保险、住房公积金事 | 是 | 不适用 | | 项的承诺 | | ...

东吴证券股份有限公司 关于荣旗工业科技（苏州）股份有限公司 使用部分超募资金永久补充流动资金的核查意见 东吴证券股份有限公司（以下简称"东吴证券"或"保荐机构"）作为关于 荣旗工业科技（苏州）股份有限公司（以下简称"荣旗科技"或"公司"）持续 督导工作的保荐机构，根据《证券发行上市保荐业务管理办法》《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（2025 年修订）》 《上市公司募集资金监管规则》及修订说明等相关规定，对公司使用部分超募 资金永久补充流动资金进行了核查，核查情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意荣旗工业科技（苏州）股份有限 公司首次公开发行股票注册的批复》（证监许可〔2023〕419 号），公司向社会 首次公开发行人民币普通股（A 股）股票 1,334 万股，发行价为每股 71.88 元， 募集资金总额为 95,887.92 万元，扣除发行费用 10,027.83 万元（不含税金额）， 募集资金净额为 85,860.09 万元。上述募集资金已于 2023 年 4 月 19 日全部到账， 天衡会计师事务所（特殊普通合伙）已进行验资并出具了 ...