沈阳化工股份有限公司 2025 年半年度报告全文 沈阳化工股份有限公司 2025 年半年度报告 2025 年 8 月 1 沈阳化工股份有限公司 2025 年半年度报告全文 第一节重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 公司负责人陈蜀康、主管会计工作负责人孙红云及会计机构负责人(会计 主管人员)梁一墨声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险 敬请投资者查阅本报告"第三节管理层讨论与分析"中"十、公司面临 的风险和应对措施"部分，描述了公司未来经营可能面临的主要风险，敬请 广大投资者注意风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第二节公司简介和主要财务指标 | 6 | | --- | --- | | 第三节管理层讨论与分析 | 9 | | 第四节公司治理、环境和社会 17 | | | 第五节重要事项 1 ...

广博集团股份有限公司 2025 年半年度报告全文 广博集团股份有限公司 2025 年半年度报告 2025 年 8 月 1 广博集团股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人王利平、主管会计工作负责人王君平及会计机构负责人(会计 主管人员)黄琼声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者及相关人士对此保持足够的风险认识，并且理解计划、预测与承诺 之间的差异。 公司在本报告"管理层讨论与分析—公司面临的风险和应对措施"部分， 详细描述了公司经营中可能存在的风险，敬请投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 7 | | 第三 ...

金凯（辽宁）生命科技股份有限公司 2025 年半年度报告全文 金凯（辽宁）生命科技股份有限公司 2025 年半年度报告 2025-021 2025 年 8 月 1 金凯（辽宁）生命科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人 FUMIN WANG（王富民）、主管会计工作负责人王琦及会计机 构负责人(会计主管人员)张秀丽声明：保证本半年度报告中财务报告的真实、 准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，投资者及相关人士均应对此保持足够的风险认识，并且应当 理解计划、预测与承诺之间的差异。敬请投资者注意投资风险。 公司是一家面向全球生命科技领域客户的小分子 CDMO 服务商，为世界大 型跨国医药及生物制药集团、创新药公司、化工集团等提供 CDMO 服务。公司 未来经营中可能面临着国际贸易政策环境变化、终端需求波动、生产环保 ...

东莞市凯格精机股份有限公司 2025 年半年度报告全文 东莞市凯格精机股份有限公司 2025 年半年度报告 2025 年 8 月 1 东莞市凯格精机股份有限公司 2025 年半年度报告全文 | | | 1 | | --- | --- | --- | | | | 4 | | œ | 1 | | | | | . | | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要财务指标 7 | | 第三节 | 管理层讨论与分析 10 | | 第四节 | 公司治理、环境和社会 37 | | 第五节 | 重要事项 39 | | 第六节 | 股份变动及股东情况 43 | | 第七节 | 债券相关情况 48 | | 第八节 | 财务报告 49 | 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人邱国良、主管会计工作负责人宋开屏及会计机构负责人(会计 主管人员)吴红梅声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席 ...

成都市新筑路桥机械股份有限公司 2025 年半年度报告全文 1 成都市新筑路桥机械股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人肖光辉、主管会计工作负责人贾秀英及会计机构负责人(会计 主管人员)贾秀英声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质 承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计 划、预测与承诺之间的差异。 成都市新筑路桥机械股份有限公司 2025 年半年度报告 2025 年 8 月 请投资者注意公司可能面对的风险，具体详见"第三节、管理层讨论与 分析"之"十、公司面临的风险和应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | • | $ | | --- | --- | | 1 | A | | 第一节 | 重要提示、目录和释义 | | 2 | | ...

山东金岭矿业股份有限公司 2025 年半年度报告全文 山东金岭矿业股份有限公司 2025 年半年度报告 2025 年 8 月 1 山东金岭矿业股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人王其成、主管会计工作负责人邱卫东及会计机构负责人(会计 主管人员)毕伟声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质 承诺，敬请投资者注意投资风险。 公司已在本半年度报告第三节"管理层讨论与分析"中"十、公司面临 的风险和应对措施"章节中，对可能面临的风险和应对措施进行了详细描述， 敬请广大投资者查阅。 公司经本次董事会审议通过的利润分配预案为：以公司当前总股本 595,340,230 股为基数，向全体股东每 10 股派发现金红利 0.5 元（含税）， 送红股 0 股（含税），不以公积金转增股本。 2 | 第一节 重要提 ...

浩云科技股份有限公司 2025 年半年度报告全文 浩云科技股份有限公司 2025 年半年度报告 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人雷洪文、主管会计工作负责人王汉晖及会计机构负责人(会计主管人员)简 玉琴声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及未来计划等前瞻性陈述的，均不构成公司对投资者的实质承诺，投资者 及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 公司可能面对的风险如下，敬请投资者注意阅读。 2025-036 2025 年 8 月 23 日 1 浩云科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 （1）产品和技术开发应用风险 近年来随着算力、网络、存储等基础技术水平不断提升、深度学习模型不断完善、以 及 AI 预训练模型、生成式 AI、智能体等技术快速发展及全新的涌现，公司需要不断关注 市场动态和技术发展趋势，深度理解客户需求，确立正确的研发方 ...

顾家家居股份有限公司2025 年半年度报告 公司代码：603816 公司简称：顾家家居 顾家家居股份有限公司 2025 年半年度报告 1 / 171 顾家家居股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人李东来、主管会计工作负责人高林及会计机构负责人（会计主管人员）高伟琴 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中基于对未来政策和经济的主观假定和判断而作出的未来计划、发展战略等前瞻性描 述不构成公司对投资者的实质承诺，敬请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 ...

鞍山森远路桥股份有限公司 2025 年半年度报告全文 鞍山森远路桥股份有限公司 2025 年半年度报告 2025 年 8 月 1 鞍山森远路桥股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人刘廷建、主管会计工作负责人韩忠华及会计机构负责人(会计 主管人员)韩忠华声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和 应对措施"部分，描述了公司经营中可能存在的风险及应对措施，敬请广大 投资者注意风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | 四、其他备查文件。 以上备查文件的备置地点：公司证券部。 4 鞍山森远路桥股份有限公司 2025 年半年度报告全文 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 公司、森远公司、森远股份 | 指 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=第一节%20重要提示、目录和释义) This section provides essential disclaimers, the report's structural overview, a list of reference documents, and definitions of key terms [Important Notice](index=2&type=section&id=重要提示) The Board of Directors, Supervisory Board, and senior management guarantee the report's accuracy and completeness, while cautioning investors about forward-looking statements and the absence of a dividend plan - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[5](index=5&type=chunk) - This semi-annual report contains forward-looking statements regarding future plans, which do not constitute a substantive commitment to investors, who are advised to be aware of investment risks[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for this semi-annual period[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=目录) This section presents the structured table of contents, outlining nine main chapters from company profile to financial reports, providing an overall framework for investors - The report's table of contents clearly lists nine main chapters, including important notices, company profile, management discussion and analysis, corporate governance, significant events, share changes, bond information, financial reports, and other submitted data[7](index=7&type=chunk) [List of Reference Documents](index=4&type=section&id=备查文件目录) This section lists the company's reference documents for the reporting period, including signed financial statements and original public disclosures, available at the Board of Directors' office - Reference documents include signed and sealed financial statements, original copies of publicly disclosed company documents, and announcements[9](index=9&type=chunk) - The reference documents are kept at the company's Board of Directors' Office[11](index=11&type=chunk) [Definitions](index=5&type=section&id=释义) This section defines key terms and company entity abbreviations used in the report, ensuring accurate understanding, such as "Lijun Co." referring to Chengdu Lijun Industrial Co., Ltd Key Definitions | Term | Definition | | :--- | :--- | | Lijun Co., Company, Parent Company | Chengdu Lijun Industrial Co., Ltd. | | The Group | Specifically refers to the Company when including its subsidiaries in financial reports | | Reporting Period | January 1, 2025 to June 30, 2025 | [Company Profile and Key Financial Indicators](index=6&type=section&id=第二节%20公司简介和主要财务指标) This section provides an overview of the company's basic information, contact details, and a summary of its key financial performance and indicators for the reporting period [Company Profile](index=6&type=section&id=一、公司简介) The company, Lijun Co., stock code 002651, is listed on the Shenzhen Stock Exchange, with He Yamin as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Lijun Co. | | Stock Code | 002651 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Chengdu Lijun Industrial Co., Ltd. | | Legal Representative | He Yamin | [Contact Persons and Information](index=6&type=section&id=二、联系人和联系方式) The company provides contact details for its Board Secretary Hu Yijun and Securities Affairs Representative Gao Feng for investor communication Company Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Hu Yijun | No. 5, Wuke East 2nd Road, Wuhou District, Chengdu | 028-85366263 | 028-85370138 | Hyj5445@163.com | | Securities Affairs Representative | Gao Feng | No. 5, Wuke East 2nd Road, Wuhou District, Chengdu | 028-85366263 | 028-85370138 | Feng66691@163.com | [Other Information](index=6&type=section&id=三、其他情况) The company's registered address, office address, website, email, and information disclosure locations remained unchanged during the reporting period, as detailed in the 2024 annual report - The company's contact information remained unchanged during the reporting period, as detailed in the 2024 annual report[18](index=18&type=chunk) - Information disclosure and storage locations remained unchanged during the reporting period, as detailed in the 2024 annual report[19](index=19&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=四、主要会计数据和财务指标) In H1 2025, the company's operating revenue decreased by **8.91%** to **CNY 314.13 million**, and net profit attributable to shareholders fell by **31.72%** to **CNY 57.20 million**, with operating cash flow turning negative Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (CNY) | Prior Period (CNY) | YoY Change in Current Period | | :--- | :--- | :--- | :--- | | Operating Revenue | 314,129,166.48 | 344,843,629.19 | -8.91% | | Net Profit Attributable to Shareholders of Listed Company | 57,202,184.28 | 83,778,007.42 | -31.72% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 51,083,320.72 | 79,926,208.04 | -36.09% | | Net Cash Flow from Operating Activities | -84,919,724.14 | 117,446,357.83 | -172.31% | | Basic Earnings Per Share (CNY/share) | 0.06 | 0.08 | -25.00% | | Diluted Earnings Per Share (CNY/share) | 0.06 | 0.08 | -25.00% | | Weighted Average Return on Net Assets | 2.04% | 3.06% | -1.02% | | **Period-End Indicators** | **Current Period-End (CNY)** | **Prior Year-End (CNY)** | **Change from Prior Year-End** | | Total Assets | 3,451,478,815.19 | 3,448,606,078.22 | 0.08% | | Net Assets Attributable to Shareholders of Listed Company | 2,775,974,096.54 | 2,779,628,449.49 | -0.13% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=五、境内外会计准则下会计数据差异) The company reports no differences in net profit and net assets between international/overseas accounting standards and Chinese accounting standards for the period - The company reports no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards for the reporting period[22](index=22&type=chunk) - The company reports no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards for the reporting period[23](index=23&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=六、非经常性损益项目及金额) The company's H1 2025 non-recurring gains and losses totaled **CNY 6.12 million**, primarily from government subsidies and other non-operating income, positively impacting net profit after tax Non-Recurring Gains and Losses Items and Amounts for H1 2025 | Item | Amount (CNY) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 5,860.01 | | Government Subsidies Recognized in Current Profit and Loss | 5,294,020.63 | | Gains/Losses from Debt Restructuring | 111,992.55 | | Other Non-Operating Income and Expenses Apart from the Above | 1,832,095.18 | | Less: Income Tax Impact | 1,125,104.81 | | Total | 6,118,863.56 | - The company has not classified any non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public – Non-Recurring Gains and Losses' as recurring gains and losses[26](index=26&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=第三节%20管理层讨论与分析) This section analyzes the company's primary business operations, core competencies, financial performance, asset and liability status, investment activities, and risk factors during the reporting period [Company's Main Business Activities During the Reporting Period](index=9&type=section&id=一、报告期内公司从事的主要业务) The company's main businesses are grinding systems and aerospace component manufacturing, with overall revenue down **8.91%** and net profit down **31.72%**, despite a **67.03%** increase in roller system (sub-assembly) revenue [Overview of Main Business](index=9&type=section&id=(一)%20主营业务情况) The company's core businesses are grinding systems for cement/mining and aerospace component manufacturing for civil/military aircraft, benefiting from infrastructure, environmental policies, and defense modernization - The grinding system and related equipment manufacturing business primarily produces roller presses and high-pressure grinding mills, used in cement, mining, and metallurgy industries, characterized by high efficiency and energy saving[28](index=28&type=chunk) - Grinding equipment sales primarily involve bidding, offering engineering design, equipment supply, and management services, with procurement and production based on sales orders[28](index=28&type=chunk)[29](index=29&type=chunk) - Aerospace component manufacturing includes tooling and mold design, CNC precision machining, sheet metal fabrication, and sub-assembly, with products used in civil and military aircraft like Boeing, Airbus, COMAC, and launch vehicles[30](index=30&type=chunk)[31](index=31&type=chunk) - The aerospace business benefits from strengthened national defense technology, an expanding civil aviation market, and the rise of commercial aerospace[31](index=31&type=chunk) [Analysis of Company's Operating and Financial Performance During the Reporting Period](index=10&type=section&id=(二)%20报告期公司经营财务情况分析) In H1 2025, revenue decreased by **8.91%** to **CNY 314.13 million** and net profit by **31.72%** to **CNY 57.20 million**, driven by reduced aerospace revenue and roller press sales, while roller system (sub-assembly) revenue significantly increased Key Financial Data Year-on-Year Changes (Jan-Jun 2025) | Indicator | Jan-Jun 2025 (CNY million) | Decrease from Prior Period (%) | | :--- | :--- | :--- | | Operating Revenue | 31,412.92 | 8.91 | | Operating Cost | 18,751.51 | 6.47 | | Operating Profit | 6,546.13 | 32.76 | | Net Profit Attributable to Shareholders of Listed Company | 5,720.22 | 31.72 | | Net Increase in Cash and Cash Equivalents | -7,461.11 | 225.56 | Operating Revenue Composition and Year-on-Year Changes (Jan-Jun 2025) | Item | Jan-Jun 2025 (CNY) | Jan-Jun 2024 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 314,129,166.48 | 344,843,629.19 | -8.91 | | Grinding System and Related Equipment Manufacturing Business | 184,065,823.55 | 167,400,017.89 | 9.96 | | - Roller Press and Related | 35,643,003.83 | 61,867,423.62 | -42.39 | | - High-Pressure Grinding Mill and Related | 25,961,256.49 | 20,928,218.42 | 24.05 | | - Roller System (Sub-assembly) | 96,806,162.38 | 57,958,084.46 | 67.03 | | Aerospace Component Manufacturing Business | 130,662,745.33 | 177,443,611.30 | -26.36 | - Net cash flow from operating activities was negative, primarily due to increased customer settlements via bills, leading to reduced cash received from sales and services, as well as decreases in accounts payable and employee compensation, and an increase in inventory[35](index=35&type=chunk) [Analysis of Core Competencies](index=12&type=section&id=二、核心竞争力分析) The company maintains strong core competencies in grinding systems through advanced R&D and national recognition, and in aerospace components via its subsidiary Dekun Aviation's specialized qualifications and integrated delivery capabilities - The company's grinding system business possesses a national enterprise technology center, has won multiple patents and technological awards, and its roller presses and high-pressure grinding mills are recognized as national manufacturing single-item champion products[36](index=36&type=chunk) - The aerospace component manufacturing business is primarily operated by its wholly-owned subsidiary Dekun Aviation, which holds industry-specific and military business qualifications, forming a core competency in integrated delivery of aerospace sub-assemblies[37](index=37&type=chunk) - During the reporting period, the core competencies of the company's two main businesses did not undergo significant changes[37](index=37&type=chunk) [Analysis of Main Business](index=13&type=section&id=三、主营业务分析) Main business revenue decreased by **8.91%** and operating costs by **6.47%**, with roller system (sub-assembly) revenue up **67.03%**, while roller press and aerospace component revenues declined, and overseas revenue significantly increased Key Financial Data Year-on-Year Changes | Indicator | Current Period (CNY) | Prior Period (CNY) | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 314,129,166.48 | 344,843,629.19 | -8.91 | | | Operating Cost | 187,515,076.58 | 200,484,650.29 | -6.47 | | | Net Cash Flow from Operating Activities | -84,919,724.14 | 117,446,357.83 | -172.31 | Increased customer settlements via bills, reducing cash received from sales and services | | Net Cash Flow from Investing Activities | 11,041,836.55 | -54,662,608.12 | 120.20 | Reduced cash paid for time deposits and acquisition of fixed and intangible assets | | Net Increase in Cash and Cash Equivalents | -74,611,131.44 | 59,422,901.63 | -225.56 | Increased customer settlements via bills, reducing cash received from sales and services | | Net Profit | 57,202,184.28 | 83,778,007.42 | -31.72 | Decreased revenue scale, slight increase in administrative expenses | Operating Revenue Composition (by Product and Region) | Item | Current Period Amount (CNY) | Proportion of Operating Revenue (%) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **By Product** | | | | | Roller Press and Related | 35,643,003.83 | 11.35 | -42.39 | | High-Pressure Grinding Mill and Related | 25,961,256.49 | 8.26 | 24.05 | | Roller System (Sub-assembly) | 96,806,162.38 | 30.82 | 67.03 | | Aerospace Component Manufacturing | 129,830,041.53 | 41.33 | -26.69 | | **By Region** | | | | | Domestic | 271,549,631.82 | 86.45 | -19.54 | | Overseas | 42,579,534.66 | 13.55 | 478.09 | [Analysis of Non-Main Business](index=14&type=section&id=四、非主营业务分析) The company had no non-main business activities requiring disclosure during the reporting period - The company had no non-main business activities during the reporting period[43](index=43&type=chunk) [Analysis of Assets and Liabilities](index=14&type=section&id=五、资产及负债状况分析) As of June 30, 2025, total assets slightly increased by **0.08%**, with a stable asset structure and a **19.57%** asset-liability ratio, while specific asset and liability items saw significant reclassifications and operational changes [Significant Changes in Asset Composition](index=14&type=section&id=1、资产构成重大变动情况) Total assets slightly increased by **0.08%**, with construction in progress decreasing due to project completion, while notes receivable and prepayments rose due to increased business activity Significant Changes in Asset Composition (Period-End vs. Prior Year-End) | Item | Change in Proportion of Total Assets (%) | Explanation of Significant Change | | :--- | :--- | :--- | | Construction in Progress | -2.35 | Due to the transfer of Phase I of the Special Heavy Equipment Manufacturing Base Project and the expansion and technical upgrade project of the large roller press (high-pressure grinding mill) system industrialization base production workshop to fixed assets | | Notes Receivable | 1.17 | Due to an increase in customer settlements using commercial acceptance bills during the current period | | Prepayments | 0.42 | Due to an increase in prepaid material costs during the current period | | Other Non-Current Assets | -3.26 | Due to the reclassification of time deposits and accrued interest with maturity dates exceeding one year to other non-current assets at the end of the reporting period, resulting in a decrease compared to the prior year-end | | Notes Payable | 1.24 | Due to an increase in bank acceptance bills issued for payment of goods during the current period | | Employee Compensation Payable | -1.24 | Due to the payment of 2024 performance bonuses during the current period | | Other Payables | 1.76 | The 2024 cash dividend distribution was completed in July 2025 | [Major Overseas Assets](index=15&type=section&id=2、主要境外资产情况) The company's main overseas asset is Lijun Holdings (Singapore) Pte. Ltd., with assets of **CNY 147.27 million**, generating **CNY 13.44 million** in profit, and no significant impairment risk Major Overseas Assets | Specific Asset Details | Asset Scale (CNY) | Location | Profitability (CNY) | Proportion of Overseas Assets to Company's Net Assets (%) | Significant Impairment Risk | | :--- | :--- | :--- | :--- | :--- | :--- | | Lijun Holdings (Singapore) Pte. Ltd. | 147,265,424.00 | Singapore | 13,436,906.06 | 5.30 | No | [Assets and Liabilities Measured at Fair Value](index=15&type=section&id=3、以公允价值计量的资产和负债) The company had no assets or liabilities measured at fair value during the reporting period - The company had no assets or liabilities measured at fair value during the reporting period[47](index=47&type=chunk) [Asset Rights Restrictions as of the End of the Reporting Period](index=15&type=section&id=4、截至报告期末的资产权利受限情况) As of the reporting period end, restricted assets totaled **CNY 545.34 million**, primarily comprising pledged or term-restricted monetary funds and other non-current assets like deposits and accrued interest Asset Rights Restrictions | Item | Period-End Book Balance (CNY) | Restriction Type | Restriction Details | | :--- | :--- | :--- | :--- | | Monetary Funds | 389,149,863.29 | Pledged, Term-Restricted | Restricted as margin deposits, time deposits between three months and one year, accrued interest, etc. | | Other Non-Current Assets | 156,188,486.12 | Term-Restricted | Time deposits and accrued interest with maturity exceeding one year | | Total | 545,338,349.41 | — | — | [Analysis of Investment Status](index=16&type=section&id=六、投资状况分析) The company had no significant equity or financial asset investments, with **CNY 3.26 million** invested in the Lijun Special Heavy Equipment Manufacturing Base Phase I, reaching **36.20%** completion, and no raised funds utilized - The company had no securities or derivative investments during the reporting period[50](index=50&type=chunk)[51](index=51&type=chunk) - The company did not use raised funds during the reporting period[52](index=52&type=chunk) Significant Non-Equity Investments | Project Name | Amount Invested in Current Period (CNY) | Cumulative Actual Investment as of Period-End (CNY) | Project Progress (%) | | :--- | :--- | :--- | :--- | | Lijun Special Heavy Equipment Manufacturing Base Project Phase I | 3,262,221.62 | 54,307,244.13 | 36.20 | [Significant Asset and Equity Disposals](index=17&type=section&id=七、重大资产和股权出售) The company did not undertake any significant asset or equity disposals during the reporting period - The company did not dispose of any significant assets during the reporting period[54](index=54&type=chunk) - The company did not dispose of any significant equity during the reporting period[55](index=55&type=chunk) [Analysis of Major Controlled and Jointly Controlled Companies](index=17&type=section&id=八、主要控股参股公司分析) Major subsidiaries Lijun Technology and Dekun Aviation saw revenue declines of **22.71%** and **26.36%**, respectively, and net profit declines of **15.16%** and **37.93%**, primarily due to reduced sales and a **CNY 64.82 million** dividend distribution from Dekun Aviation Financial Data of Major Subsidiaries (Jan-Jun 2025) | Company Name | Operating Revenue (CNY) | Operating Profit (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | :--- | | Chengdu Lijun Technology Co., Ltd. | 43,027,299.70 | 17,620,244.96 | 15,094,856.61 | | Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd. | 130,662,745.33 | 40,203,268.16 | 33,919,231.49 | - Chengdu Lijun Technology Co., Ltd.'s revenue decreased by **22.71%** and net profit by **15.16%**, primarily due to higher sales of roller presses and high-pressure grinding mills in the prior period[58](index=58&type=chunk) - Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd.'s revenue decreased by **26.36%** and net profit by **37.93%**, mainly due to reduced sales settlements in its aerospace component manufacturing business and a **CNY 64.82 million** dividend distribution to Lijun Co.[59](index=59&type=chunk)[60](index=60&type=chunk) [Structured Entities Controlled by the Company](index=18&type=section&id=九、公司控制的结构化主体情况) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[61](index=61&type=chunk) [Risks Faced by the Company and Countermeasures](index=18&type=section&id=十、公司面临的风险和应对措施) The company faces risks from policy adjustments, technological innovation uncertainties, raw material price fluctuations, and intensified market competition, which it addresses through continuous R&D and operational enhancements - Policy adjustment risk: Changes in aerospace industry policies may constrain business development; grinding equipment business is affected by downstream real estate and infrastructure industry regulations[61](index=61&type=chunk)[62](index=62&type=chunk) - Technological innovation uncertainty risk: New technologies, materials, and processes are constantly emerging in aerospace, and grinding technology continues to advance; the company's competitiveness will be affected if it fails to grasp these trends in a timely manner[63](index=63&type=chunk) - Raw material price fluctuation risk: Rising prices of high-performance raw materials for aerospace and production materials for roller presses and high-pressure grinding mills may impact operating performance[64](index=64&type=chunk) - Market risk: The aerospace component market is highly competitive; the promotion of high-pressure grinding mills in the mining industry may not meet expectations[65](index=65&type=chunk) - Countermeasures: Closely monitor industry policies, continuously invest in technological innovation and R&D, enhance product technology and process upgrade capabilities, and strengthen product processing and support service capabilities[65](index=65&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=19&type=section&id=十一、市值管理制度和估值提升计划的制定落实情况) The company did not formulate a market value management system or disclose a valuation enhancement plan during the reporting period - The company did not formulate a market value management system during the reporting period[66](index=66&type=chunk) - The company did not disclose a valuation enhancement plan during the reporting period[67](index=67&type=chunk) [Implementation of 'Dual Improvement in Quality and Returns' Action Plan](index=20&type=section&id=十二、“质量回报双提升”行动方案贯彻落实情况) The company did not disclose any announcement regarding the "Dual Improvement in Quality and Returns" action plan during the reporting period - The company did not disclose any announcement regarding the 'Dual Improvement in Quality and Returns' action plan during the reporting period[67](index=67&type=chunk) [Corporate Governance, Environment, and Society](index=21&type=section&id=第四节%20公司治理、环境和社会) This section covers changes in the company's governance, profit distribution, employee incentives, environmental disclosures, and social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=21&type=section&id=一、公司董事、监事、高级管理人员变动情况) There were no changes in the company's directors, supervisors, or senior management during the reporting period, as detailed in the 2024 annual report - There were no changes in the company's directors, supervisors, and senior management during the reporting period[69](index=69&type=chunk) [Profit Distribution and Capital Reserve Conversion to Share Capital in Current Period](index=21&type=section&id=二、本报告期利润分配及资本公积金转增股本情况) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for this semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[70](index=70&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=21&type=section&id=三、公司股权激励计划、员工持股计划或其他员工激励措施的实施情况) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures in place or implemented during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures or their implementation during the reporting period[71](index=71&type=chunk) [Environmental Information Disclosure](index=21&type=section&id=四、环境信息披露情况) The company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[72](index=72&type=chunk) [Social Responsibility](index=21&type=section&id=五、社会责任情况) The company upholds integrity, strives for shareholder benefits, protects employee rights, supports charity, and integrates social responsibility into operations through quality and environmental management systems - The company operates with integrity, strives to maximize benefits for all shareholders, protects the legitimate rights and interests of employees, and supports charitable causes[72](index=72&type=chunk) - By establishing quality and environmental management systems, the company ensures its operations, achieves sustainable and healthy development, and actively fulfills its corporate social responsibility[72](index=72&type=chunk) [Significant Events](index=22&type=section&id=第五节%20重要事项) This section details the fulfillment of commitments by related parties, absence of fund occupation, guarantees, litigation, and other major contractual and operational matters [Commitments Fulfilled and Overdue Unfulfilled by Controlling Shareholder, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=22&type=section&id=一、公司实际控制人、股东、关联方、收购人以及公司等承诺相关方在报告期内履行完毕及截至报告期末超期未履行完毕的承诺事项) Commitments by Chairman He Yamin, Vice Chairman He Jia regarding share lock-up, and non-competition pledges by the controlling shareholder and related parties were strictly fulfilled, with no overdue unfulfilled items - The share lock-up