国泰海通证券股份有限公司 关于杭州经纬信息技术股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：国泰海通证券股份有限公司 | 被保荐公司简称：经纬股份 | | --- | --- | | 保荐代表人姓名：李守伟 | 联系电话：021-23180000 | | 保荐代表人姓名：赵中堂 | 联系电话：021-23180000 | 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 | 0次 | | 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度、 | 是 | | 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 | 每月一次 | | （2）公司募集资金项目进展是否与信息披露 | 是 ...

Group 1 - The company, Jingwei Co., Ltd. (301390.SZ), is currently involved in the energy storage sector, providing consulting design, engineering construction, and operation and maintenance services [1]

Core Viewpoint - The company, Jingwei Co., Ltd. (301390.SZ), is actively involved in the energy storage sector, providing consulting design, engineering construction, and operation and maintenance services [1]. Group 1 - The company is engaged in multiple aspects of the energy storage industry [1].

Group 1: Business Operations - The company has over 10% of its business in power consulting design, power engineering construction, and power equipment sales [2] - The demand for new energy consulting design, particularly in photovoltaic and energy storage, has increased, while demand for distribution network consulting design has decreased [2] - The company focuses on high-voltage main network consulting design and continues to expand its new energy consulting design business [2] Group 2: Financial Performance - The gross margin for 2023 and 2024 is expected to decline due to market demand fluctuations, intensified competition, and cost changes [4] - The company aims to optimize its business structure, expand its customer base, and increase revenue scale to maintain relative stability in gross margin [4] Group 3: Accounts Receivable Management - The increase in cash collection ratio despite industry downturn is attributed to improved accounts receivable management [5] - Accounts receivable management is a key internal control aspect, with payment collection linked to business performance evaluations [5] Group 4: Market Expansion Plans - The company plans to develop new customers in regions with expected growth in power grid investment, focusing on South China and Southwest areas [6] - Future expansion includes comprehensive energy services centered around "solar-storage-charging" for various user types, including industrial parks and communities [7] Group 5: Shareholder Engagement - The company's dividend plan is conducted in accordance with legal regulations and company bylaws [8] - A recent share buyback has been completed, with shares intended for equity incentives or employee stock ownership plans [8]

Core Viewpoint - The recent financial report of Jingwei Co., Ltd. shows mixed performance, with revenue growth but declining net profit, raising concerns about cash flow and accounts receivable management [1][2]. Financial Performance - As of the reporting period, the company's total revenue reached 216 million yuan, an increase of 8.31% year-on-year [1]. - The net profit attributable to shareholders was 12.19 million yuan, a decrease of 8.82% year-on-year [1]. - In Q2, total revenue was 156 million yuan, up 3.39% year-on-year, while net profit was 10.61 million yuan, down 10.67% year-on-year [1]. - The gross margin was 24.22%, down 11.6% year-on-year, and the net margin was 5.65%, down 15.82% year-on-year [1]. - Total selling, administrative, and financial expenses amounted to 31.01 million yuan, accounting for 14.37% of revenue, an increase of 9.39% year-on-year [1]. - Earnings per share were 0.20 yuan, a decrease of 8.84% year-on-year [1]. Cash Flow and Accounts Receivable - The company's operating cash flow per share was -0.85 yuan, a significant decrease of 231.53% year-on-year [1]. - Accounts receivable reached a level that is 1096.12% of the net profit, indicating potential liquidity issues [1][2]. - The average operating cash flow over the past three years is only 18.63% of current liabilities, suggesting a need for closer monitoring of cash flow [2]. Return on Investment - The company's return on invested capital (ROIC) for the previous year was 2.57%, indicating weak capital returns [2]. - Historically, the median ROIC since the company went public is 21.96%, with the worst year being 2024 [2]. - The net profit margin for the previous year was 5.28%, reflecting average value addition from products or services [2]. Business Model Insights - The company's performance is primarily driven by research and development, marketing, and capital expenditures, necessitating careful evaluation of capital spending projects [2].

Core Insights - The company reported a revenue of 216 million yuan for the first half of 2025, representing a year-on-year growth of 8.31% [1] - The net profit attributable to shareholders decreased to 12.19 million yuan, down 8.82% year-on-year [1] - The net profit after excluding non-recurring gains and losses was 10.46 million yuan, reflecting a year-on-year decline of 18.11% [1] - The basic earnings per share stood at 0.2031 yuan [1]

杭州经纬信息技术股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 司的关联关系 | 上市公司核算 的会计科目 | 2025 年半年度 期初占用资金 余额 | 2025 年半年度占用 累计发生金额（不含 利息） | 2025 年半年 度占用资金 的利息(如 | 2025 年半年度偿 还累计发生金额 | 2025 年半年度期末 占用资金余额 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 有) | | | | | | 控股股东、实际控制人及其 | | | | | | | | | | | | 附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前控股股东、实际控制人及 | | | | | | | | | | | | 其附属企业 | | | | | | | | | | | | 小计 | | | | | | | ...

1、本次计提资产减值准备原因 证券代码：301390 证券简称：经纬股份 公告编号：2025-050 为真实准确地反映杭州经纬信息技术股份有限公司（以下简称"公司"或"经 纬股份"）的财务状况和经营成果，根据《企业会计准则》《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》等相关规定，对公司 （含合并报表范围内各级子公司，下同）截至 2025 年 6 月 30 日各类应收款项、 合同资产、存货、长期股权投资、固定资产、在建工程、使用权资产、无形资产、 商誉等资产进行了全面清查，对各项资产是否存在减值的可能性进行了充分评估 和分析，根据减值测试结果对可能发生资产减值损失的相关资产进行计提减值准 备。 杭州经纬信息技术股份有限公司 关于计提资产减值准备的公告 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。 一、本次计提资产减值准备情况概述 2、本次计提资产减值准备的范围和总金额 公司2025年半年度不存在对单项资产计提的减值准备占公司2024年度经审 计的净利润绝对值的比例在 30%以上且绝对金额超过 1,000 万元的情况。 （一）20 ...

证券代码：301390 证券简称：经纬股份 公告编号：2025-049 杭州经纬信息技术股份有限公司 关于2025年半年度募集资金存放与使用情况的专项报告 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。 根据《上市公司募集资金监管规则》《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》等相关规定，杭州经纬信息技术股份有 限公司（以下简称"经纬股份"或"公司"）董事会编制了 2025 年半年度募集 资金存放与使用情况的专项报告。 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于同意杭州经纬信息技术股份有限公司首次 公开发行股票注册的批复》（证监许可〔2023〕619 号）同意注册，并经深圳证 券交易所同意，公司首次公开发行人民币普通股（A 股）股票 1,500.00 万股，每 股发行价格为人民币 37.70 元，募集资金总额为人民币 565,500,000.00 元，减除 发行费用（不含增值税）人民币 76,135,833.90 元后，募集资金净额为人民币 489,364,166.10 元，超募 ...

本公司及监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。 证券代码：301390 证券简称：经纬股份 公告编号：2025-048 杭州经纬信息技术股份有限公司 第四届监事会第三次会议决议公告 具体内容详见公司于同日在巨潮资讯网（http://www.cninfo.com.cn）披露的 《关于 2025 年半年度募集资金存放与使用情况的专项报告》。 （二）审议通过《关于 2025 年半年度报告及其摘要的议案》 一、监事会会议召开情况 杭州经纬信息技术股份有限公司（以下简称"公司"）第四届监事会第三次 会议于 2025 年 8 月 26 日在公司会议室以现场方式召开。会议通知于 2025 年 8 月 15 日通过专人送达、电子邮件等方式送达。 本次会议应参加会议监事 3 人，实际参加会议监事 3 人。公司监事会主席陈 青海先生主持了本次会议，本次会议的召集、召开和表决程序符合《中华人民共 和国公司法》等法律、法规、规范性文件和《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事认真讨论，审议通过如下议案： （一）审议通过《关于 2025 年半年度募集资金存放与使用情 ...