Group 1 - The company is enhancing its collaboration with universities to strengthen research and development capabilities and accelerate the commercialization of scientific achievements [1] - The company is gradually achieving industrialization in areas such as intelligent components, light-absorbing coatings, and alternative technologies for chrome plating [1] - The focus is on creating functional products with core competitiveness to improve the company's performance [1]

证券日报网讯 科力装备8月20日在互动平台回答投资者提问时表示，公司持续加大研发投入，不断提升 产品技术含量和附加值，以满足市场需求。在海外市场，公司加大国外市场的开拓力度，完善公司在细 分领域的全球化布局。目前，公司产品广泛应用于汽车玻璃领域，公司客户主要为福耀玻璃、艾杰旭、 板硝子、圣戈班等全球知名汽车玻璃厂商。 （编辑 袁冠琳） ...

长江证券承销保荐有限公司 关于河北科力汽车装备股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：长江证券承销保荐有限公司 | 被保荐公司简称：科力装备 | | --- | --- | | 保荐代表人姓名：尹付利 | 联系电话：010-57065268 | | 保荐代表人姓名：孔令瑞 | 联系电话：010-57065268 | 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 | 次 0 | | 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、募集资金管 | 是 | | 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 | 每月收集一次对账单 | | （2）公司募集资金项目进展是否与信息披露文件 | 是 | | 一 ...

Core Viewpoint - The recent financial report of Keli Equipment (301552) shows moderate growth in revenue and net profit, but declining profitability margins and significant accounts receivable levels raise concerns about financial health and operational efficiency [1][4]. Financial Performance Summary - Total revenue for the first half of 2025 reached 318 million yuan, a year-on-year increase of 12.41% compared to 283 million yuan in 2024 [1]. - Net profit attributable to shareholders was 82.78 million yuan, up 4.88% from 78.93 million yuan in the previous year [1]. - The gross profit margin decreased to 37.48%, down 10.71% year-on-year, while the net profit margin fell to 26.87%, a decline of 7.81% [1]. - The company reported a significant increase in accounts receivable, which accounted for 111.16% of the latest annual net profit [1][4]. Cost and Expense Analysis - Total operating expenses, including sales, management, and financial costs, amounted to 4.85 million yuan, representing a decrease of 50.29% year-on-year [1]. - Operating costs increased by 21.12%, attributed to growth in sales scale [3]. - Management expenses rose by 28.62% due to increased employee compensation and business entertainment costs [3]. Cash Flow and Investment Insights - The net cash flow from operating activities decreased by 57.88%, primarily due to the repayment of maturing payables [3]. - The net cash flow from investment activities increased by 164.9%, driven by the redemption of financial products [3]. - The net increase in cash and cash equivalents rose by 62.48%, reflecting improved cash inflows from investment activities [3]. Strategic Considerations - The company maintains a strong return on invested capital (ROIC) of 17.32%, indicating robust capital returns despite a historical median ROIC of 25.97% [4]. - The company has implemented strategies to mitigate risks associated with the US-China trade competition, including localized production and diversified customer bases [5].

Core Viewpoint - Hebei Keli Automotive Equipment Co., Ltd. reported a revenue of 318 million yuan for the first half of 2025, marking a year-on-year increase of 12.41%, with a net profit of 82.78 million yuan, up 4.88% year-on-year. The company plans to distribute a cash dividend of 5 yuan per 10 shares to all shareholders [1][2]. Group 1: Financial Performance - The company achieved a revenue of 318 million yuan, representing a 12.41% increase year-on-year [1]. - The net profit attributable to shareholders was 82.78 million yuan, reflecting a year-on-year growth of 4.88% [1]. - The main product, windshield installation components, generated revenue of 258 million yuan, a 16.27% increase, accounting for 81.02% of total revenue [2]. Group 2: Market Environment - The automotive industry's rapid growth in production and sales has driven demand for the company's products, contributing to strong performance [2]. - In the first half of 2025, China's automotive production and sales reached 15.62 million and 15.65 million units, respectively, with year-on-year increases of 12.5% and 11.4% [2]. Group 3: Capacity Expansion and Global Strategy - The company is actively expanding production capacity, with 60.64% of the investment in the "Intelligent Production Project for Automotive Glass Components" completed by June 30, 2025 [2][3]. - Keli Equipment is pursuing a dual strategy of flexible trade and localized production in the U.S. market, with progress on a production base in Ohio [3]. Group 4: Research and Development - The company increased R&D investment to 16.46 million yuan, a 28.73% year-on-year rise, with 77.62% of the investment in the "New Energy Vehicle Parts R&D Center" completed [4]. - Keli Equipment is focusing on new materials and has developed a VOC pollution-absorbing coating technology, which has been adopted in the auxiliary driving camera support for new energy vehicles [4][5]. Group 5: Future Growth Potential - The intelligent driving market is rapidly expanding, with projections indicating a market size exceeding 300 billion yuan by 2025 and potentially surpassing 1.2 trillion yuan by 2030 [4]. - The successful application of the new coating technology enhances the company's technical barriers and brand influence, potentially increasing market share [5].

Group 1 - The core point of the article is that Keli Equipment (301552.SZ) reported its semi-annual results for 2025, highlighting the increase in institutional investor holdings [1] - As of August 15, 2025, a total of 7 institutional investors disclosed holdings in Keli Equipment A-shares, with a combined holding of 8.9276 million shares, representing 9.38% of the total share capital [1] - The institutional investor holding ratio increased by 1.19 percentage points compared to the previous quarter [1] Group 2 - Among the institutional investors, the National Social Security Fund 101 Portfolio was the only one to increase its holdings, with an increase of 0.21% [1]

Core Insights - The company reported a revenue of 318,162,832.05 yuan for the first half of 2025, reflecting a year-on-year growth of 12.41% [1] - The net profit attributable to shareholders of the listed company was 82,782,349.61 yuan, showing a year-on-year increase of 4.88% [1] Financial Performance - Revenue for the first half of 2025: 318.16 million yuan, up 12.41% year-on-year [1] - Net profit for the same period: 82.78 million yuan, up 4.88% year-on-year [1]

Group 1 - The company announced the decision to use part of the raised funds for permanent working capital supplementation [1] - The amount allocated for this purpose is 35 million yuan, which represents 29.73% of the total raised funds [1]

Group 1 - The company, Keli Equipment, announced that its third board meeting approved multiple proposals, including the summary of the proposals [2]

证券日报网讯8月15日晚间，科力装备（301552）发布公告称，公司将于2025年9月2日召开2025年第二 次临时股东会。本次股东会将审议《关于<2025年中期利润分配方案>的议案》《关于使用部分超募资 金永久性补充流动资金的议案》等多项议案。 ...