Company Overview - Shenzhen Nuclear Power Technology Co., Ltd. (中远通) is located in Longgang District, Shenzhen, Guangdong Province, and was established on August 24, 1999. The company is set to be listed on December 8, 2023. Its main business involves the research, production, and sales of communication power supplies, new energy power supplies, and industrial control power supplies [2]. Business Performance - As of June 30, 2025, the company reported a revenue of 381 million yuan, a year-on-year decrease of 7.38%. The net profit attributable to shareholders was -19.67 million yuan, reflecting a year-on-year decrease of 6.60% [2]. - The revenue composition is as follows: communication power supplies 58.19%, industrial control power supplies 18.44%, new energy power supplies 11.01%, other power supplies 10.89%, technical development services 0.83%, and others 0.64% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders reached 17,000, an increase of 0.05% compared to the previous period. The average circulating shares per person were 4,117, a decrease of 0.05% [2]. - The company has distributed a total of 51.65 million yuan in dividends since its A-share listing [3]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 544,300 shares, which is an increase of 100,400 shares compared to the previous period [3]. Financing and Trading Activity - On September 12, 中远通's stock price fell by 1.42%, with a trading volume of 54.61 million yuan. The financing buy-in amount for that day was 4.25 million yuan, while the financing repayment was 2.88 million yuan, resulting in a net financing buy-in of 1.38 million yuan. The total financing and securities lending balance reached 91.71 million yuan [1]. - The financing balance of 91.71 million yuan accounts for 7.23% of the circulating market value, which is below the 30% percentile level over the past year, indicating a low position [1]. - In terms of securities lending, there were no shares repaid on September 12, with 100 shares sold short, amounting to 1,807 yuan at the closing price. The securities lending balance was 1,807 yuan, which is above the 60% percentile level over the past year, indicating a relatively high position [1].

Group 1 - The company, Zhongyuan Tong (301516), specializes in the research, production, and sales of communication power supplies, industrial control power supplies, new energy power supplies, and other power supplies [1] - The company's products are widely applied in various fields including communication, new energy, and industrial control, indicating a broad downstream application [1]

Core Viewpoint - The company, Zhongyuan Tong (301516.SZ), is engaged in the research, production, and sales of various power supply products, including communication power supplies, industrial control power supplies, and new energy power supplies, with a focus on serving communication equipment manufacturers and ultimately telecommunications operators [2]. Group 1 - The company confirmed its main business involves communication power supplies, industrial control power supplies, new energy power supplies, and other power supply products [2]. - The direct customers of the company's communication power supplies are communication equipment manufacturers, while the end customers are telecommunications operators [2].

长江证券承销保荐有限公司 关于深圳市核达中远通电源技术股份有限公司 | 项目 | 工作内容 | | --- | --- | | 7．向本所报告情况（现场检查报告除外） | | | （1）向本所报告的次数 | 无 | | （2）报告事项的主要内容 | 不适用 | | （3）报告事项的进展或者整改情况 | 不适用 | | 8．关注职责的履行情况 | | | （1）是否存在需要关注的事项 | 否 | | （2）关注事项的主要内容 | 不适用 | | （3）关注事项的进展或者整改情况 | 不适用 | | 9．保荐业务工作底稿记录、保管是否合规 | 是 | | 10．对上市公司培训情况 | | | （1）培训次数 | 1次 | | （2）培训日期 | 2025年5月29日 | | （3）培训的主要内容 | 募集资金监管规则和 | | | 并购重组的相关规定 | | 11．上市公司特别表决权事项（如有） | | | （1）持有特别表决权股份的股东是否持续符合《股票上 | | | 市规则》第4.6.3条/《创业板股票上市规则》第4.4.3条的 | 不适用 | | 要求； | | | （2）特别表决权股份是否出现《股票上市规 ...

Core Viewpoint - The recent financial report of Zhongyuan Tong (301516) indicates a decline in net profit and total revenue, highlighting challenges in operational performance and cost management [1] Financial Performance Summary - Total revenue for the first half of 2025 was 381 million yuan, a decrease of 7.38% compared to 411 million yuan in 2024 [1] - The net profit attributable to shareholders was -19.67 million yuan, down 6.6% from -18.45 million yuan in the previous year [1] - The gross margin improved to 18.4%, an increase of 22.14% year-on-year, while the net margin decreased to -5.17%, a decline of 15.1% [1] - Total operating expenses (sales, management, and financial expenses) amounted to 25.29 million yuan, representing 6.64% of revenue, up 9.3% year-on-year [1] - Earnings per share remained at -0.07 yuan, reflecting a 6.7% decrease [1] Cash Flow and Financial Position - The net cash flow from operating activities saw a significant decline of 150.54%, attributed to reduced cash receipts from sales [3] - The net cash flow from investing activities increased by 89.91%, due to a decrease in the use of temporarily idle raised funds for cash management [4] - The net increase in cash and cash equivalents rose by 85.76%, also linked to reduced cash management activities [4] Changes in Financial Items - Short-term borrowings decreased by 62.3% due to repayment [3] - Lease liabilities fell by 30.07% as a result of rent payments [3] - Other receivables surged by 133.56%, driven by increased employee housing rent payments and additional cash reserves [3] - Accounts payable increased by 32.45%, reflecting higher raw material purchases [3] Business Strategy and Market Outlook - The company reported that overseas business accounted for 15.29% of total revenue in 2024, with plans to expand this segment as a key strategic focus [5]

Group 1 - The company reported a revenue of 380,776,154.76 yuan for the first half of 2025, representing a year-on-year decrease of 7.38% [2] - The net profit attributable to shareholders of the listed company was -19,670,852.32 yuan [2]

Group 1 - The core viewpoint of the article is that 中远通 (Zhongyuan Tong) has reported its semi-annual results for 2025, highlighting significant institutional investor interest and changes in shareholding patterns [1] - As of August 20, 2025, a total of 6 institutional investors hold shares in 中远通, with a combined holding of 211 million shares, representing 75.19% of the total share capital [1] - The institutional holding ratio has increased by 0.03 percentage points compared to the previous quarter, indicating a slight upward trend in institutional investment [1] Group 2 - The institutional investors include Shenzhen Zhongyuan Tong Power Technology Development Co., Ltd., Shenzhen Nuclear Power Industry Development Co., Ltd., and others, reflecting a diverse range of investment entities [1] - Foreign investment sentiment shows a slight increase, with one foreign fund, Hong Kong Central Clearing Limited, increasing its shareholding, albeit at a small scale [1]

Group 1 - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [2] - There were no changes in the controlling shareholder or actual controller during the reporting period [3] - The company has no preferred shareholders or related holdings during the reporting period [3] Group 2 - All directors attended the board meeting that reviewed the report [1] - The company does not require retrospective adjustments or restatements of previous accounting data [2] - There are no significant matters reported in the company's 2025 semi-annual report [3]

Group 1 - The core viewpoint of the article is that China Merchants Industry Holdings announced the approval of significant resolutions during its third board meeting [2] Group 2 - The company held its sixth meeting of the third board of directors on August 20 [2] - The meeting reviewed and approved the proposals regarding the company's full text and its summary [2]

证券日报网讯 8月20日晚间，中远通发布公告称，公司第三届监事会第五次会议审议通过了《关于公司 全文及其摘要的议案》《关于公司的议案》。 （文章来源：证券日报） ...