2025-033 2025 年 08 月 云南贝泰妮生物科技集团股份有限公司 2025 年半年度报告全文 1 云南贝泰妮生物科技集团股份有限公司 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 GUO ZHENYU（郭振宇）、主管会计工作负责人王龙及会计 机构负责人（会计主管人员）刘兆丰声明：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。 本半年度报告所涉及的公司未来发展展望、经营计划等前瞻性陈述，不 构成对投资者的实质承诺，请投资者认真阅读，注意投资风险。投资者及相 关人士均应对此保持足够的风险认识，并应理解计划、预测与承诺之间的差 异。 公司在本半年度报告"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"部分，详细阐述了公司经营中可能存在的风险及应对措施，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 ...

浙江威星智能仪表股份有限公司 2025 年半年度报告全文 浙江威星智能仪表股份有限公司 2025 年半年度报告 2025-040 2025 年 08 月 1 浙江威星智能仪表股份有限公司 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。 公司负责人黄华兵、主管会计工作负责人黄华兵及会计机构负责人(会计 主管人员)陈智园声明：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。 本报告中如有涉及未来的计划，经营目标、业绩预测等方面的内容，均 不构成本公司对任何投资者的实质承诺，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，敬请广大的投 资者注意投资风险。 公司在本报告第三节"管理层讨论与分析"中"公司面临的风险和应对 措施"部分描述了公司未来经营中可能面临的风险，敬请广大投资者注意查 阅。 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 ...

浙江昂利康制药股份有限公司 2025 年半年度报告全文 浙江昂利康制药股份有限公司 2025 年半年度报告 2025 年 8 月 1 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。 行业监管及行业政策变化、生产成本持续上涨、集中带量采购、环保政 策、安全生产、人才缺乏及核心技术人员流失、新产品研发、规模扩张引致 的管理风险等风险，有关风险因素已在本报告"管理层讨论与分析"部分予 以描述。上述风险提示未包括本公司可能发生但未列示的其他风险，请投资 者谨慎投资！ 公司经本次董事会审议通过的利润分配预案为：以 196,108,486 股为基数， 向全体股东每 10 股派发现金红利 1.00 元（含税），送红股 0 股（含税），不以 公积金转增股本。 2 浙江昂利康制药股份有限公司 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 ...

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2025 年 8 月 广东电力发展股份有限公司 2025 年半年度报告全文 广东电力发展股份有限公司 2025 年半年度报告 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。 公司负责人郑云鹏、主管会计工作负责人刘维及会计机构负责人(会计主 管人员)蒙飞声明：保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议。 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 贺如新 | 董事 | 因事 | 郑云鹏 | 本公司主营业务为电力项目、新能源项目的投资、建设和经营管理，关 于公司未来发展可能面临的风险及应对措施敬请查阅"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。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 2 广东电力发展股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 （二）报告期内在《中国证券报》《证券时 ...

2025 年半年度报告 2025-023 2025 年 8 月 1 辽宁何氏眼科医院集团股份有限公司 2025 年半年度报告全文 辽宁何氏眼科医院集团股份有限公司 辽宁何氏眼科医院集团股份有限公司 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。 公司负责人何伟、主管会计工作负责人何跃华及会计机构负责人(会计主 管人员)王艳明声明：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， 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面临的风险及应对措施，敬请投资者注意并 仔细阅读。 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 | | --- | 以上备查文件的备置地点：公司证券业 ...

江门市科恒实业股份有限公司 2025 年半年度报告全文 江门市科恒实业股份有限公司 2025 年半年度报告 【2025 年 8 月 28 日】 1 证券代码：300340 证券简称：科恒股份 公告编号：2025-088 江门市科恒实业股份有限公司 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。 公司负责人曾繁裕、主管会计工作负责人刘海斌及会计机构负责人(会计 主管人员)马丽琴声明：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。 本报告中所涉及的发展战略、经营计划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。公司在本报告中详细阐述了未来可能发 生的有关风险因素及对策，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"。敬请投资者注意投资风险。 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 ...

山西证券股份有限公司 2025 年半年度报告 （002500） 2025 年 08 月 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 本报告经公司第四届董事会第二十六次会议审议通过。会议应参加董事 11 名，实际 参加董事 11 名。没有董事、监事及高级管理人员声明对本报告内容的真实性、准确性和 完整性无法保证或存在异议。 经本次董事会审议通过的公司 2025 年半年度利润分配方案为：以 2025 年 6 月 30 日 总股本 3,589,771,547 股为基数，向全体股东每 10 股派发现金红利 0.50 元（含税），不送 红股，不以公积金转增股本。 公司董事长侯巍先生、总经理王怡里先生、财务负责人汤建雄先生及会计机构负责人 张立德先生声明：保证本半年度报告中财务报告的真实、准确、完整。 公司 2025 年半年度财务报告未经会计师事务所审计。 公司所处金融行业。公司面临的重大风险主要包括政策性风险、流动性风险、市场风 险、信用风险、操作风险、声 ...

Part I Important Notes, Table of Contents, and Definitions This section provides essential disclaimers, lists reference documents, and defines key terms used throughout the report [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board, supervisors, and senior management guarantee the report's accuracy and completeness, with financial reports affirmed by key personnel, and no planned dividend distribution or capital increase from reserves - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content and assume legal responsibility[3](index=3&type=chunk) - Company head Yao Qingxi, chief accountant Wang Houqiang, and accounting department head Wang Houqiang declare the financial report is true, accurate, and complete[3](index=3&type=chunk) - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [List of Reference Documents](index=4&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists the semi-annual report's reference documents, including signed financial statements and public disclosures, all available at the company's securities affairs department - Reference documents include signed and sealed financial statements, originals of all company documents and announcements publicly disclosed during the reporting period, the semi-annual report text signed by the legal representative, and other relevant materials[8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk)[11](index=11&type=chunk) - All reference documents are kept at the company's Securities Affairs Department[12](index=12&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines key terms used in the report, such as "Haixia Innovation," "Pingtan," major associates like "Pingtan Venture Capital," "Bee Assistant," "Xunuo Pharma," and "Qiaoxing," and specifies the reporting period - "Haixia Innovation" refers to Haixia Innovation Internet Co., Ltd (formerly: Handing Information Technology Co., Ltd., Handing Youyou Internet Co., Ltd.)[13](index=13&type=chunk) - "Reporting Period, This Reporting Period" refers to January 1, 2025, to June 30, 2025[13](index=13&type=chunk) - Major associate companies include Pingtan Innovation Equity Investment Partnership (Limited Partnership), Bee Assistant Co., Ltd., Xunuo Pharma (Nanjing) Co., Ltd., etc[13](index=13&type=chunk) Part II Company Profile and Key Financial Indicators This section provides an overview of the company's basic information, contact details, and a summary of its key financial performance and indicators [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Haixia Innovation Internet Co., Ltd. (stock code: 300300) is listed on the Shenzhen Stock Exchange, with Yao Qingxi as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Haixia Innovation | | Stock Code | 300300 | | Stock Exchange | Shenzhen Stock Exchange | | Company's Chinese Name | Haixia Innovation Internet Co., Ltd. | | Company's Legal Representative | Yao Qingxi | [Contact Person and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) The company's Board Secretary and Securities Affairs Representative is Chen Mengjie, with contact details provided for address, phone, fax, and email Company Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Chen Mengjie | 6th Floor, Tianji Building, No. 181 Tianmushan Road, Xihu District, Hangzhou City | 0571-89938397 | 0571-88303333 | chenmengjie@hxcx.com.cn | | Securities Affairs Representative | Chen Mengjie | 6th Floor, Tianji Building, No. 181 Tianmushan Road, Xihu District, Hangzhou City | 0571-89938397 | 0571-88303333 | chenmengjie@hxcx.com.cn | [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, the company's contact information and registration status remained unchanged, with disclosures made via specified media and websites - The company's registered address, office address, website, and email remained unchanged during the reporting period, as detailed in the 2024 annual report[17](index=17&type=chunk) - The website of the stock exchange where the company discloses its semi-annual report is Shenzhen Stock Exchange http://www.szse.cn[18](index=18&type=chunk) - The media names and websites for the company's semi-annual report disclosure are "China Securities Journal," "Securities Times," and Juchao Information Network (www.cninfo.com.cn)[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2025, revenue grew 5.43% to RMB 72.72 million, and net profit attributable to shareholders turned positive, increasing 118.99% to RMB 5.37 million, despite a decline in non-recurring adjusted net profit and operating cash flow Key Accounting Data and Financial Indicators (Year-on-Year Change) | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 72,720,007.23 | 68,974,323.35 | 5.43% | | Net Profit Attributable to Shareholders of Listed Company | 5,367,567.52 | -28,264,357.58 | 118.99% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains and Losses) | -56,182,381.48 | -31,791,821.37 | -76.72% | | Net Cash Flow from Operating Activities | -59,485,666.46 | -21,124,925.96 | -181.59% | | Basic Earnings Per Share (RMB/share) | 0.01 | -0.04 | 125.00% | | Diluted Earnings Per Share (RMB/share) | 0.01 | -0.04 | 125.00% | | Weighted Average Return on Net Assets | 3.14% | -16.21% | 19.35% | | Total Assets | 1,036,768,436.51 | 1,048,212,825.85 | -1.09% | | Net Assets Attributable to Shareholders of Listed Company | 163,746,515.37 | 168,196,848.11 | -2.65% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) The company reported no differences in net profit and net assets between international/overseas accounting standards and Chinese accounting standards during the reporting period - The company reported no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[22](index=22&type=chunk) - The company reported no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[23](index=23&type=chunk) [Non-Recurring Gains and Losses and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled RMB 61.55 million, primarily from the disposal of non-current assets (sale of Bee Assistant shares), partially offset by fair value changes in financial assets Non-Recurring Gains and Losses and Amounts | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets | 72,712,046.73 | Primarily asset disposal gains from selling Bee Assistant shares | | Government grants recognized in current profit or loss | 91,346.00 | See Note "XI. Government Grants" | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and disposal of financial assets and liabilities, excluding effective hedging activities related to normal business operations | -11,402,032.84 | Primarily fair value changes in financial assets such as Xunuo Pharma | | Other non-operating income and expenses apart from the above | 148,589.11 | See Notes "VII. (74) Non-Operating Income and VII. (75) Non-Operating Expenses" | | Total | 61,549,949.00 | | Part III Management Discussion and Analysis This section provides an in-depth analysis of the company's principal businesses, core competencies, financial performance, investment activities, and risk management strategies [Principal Businesses During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company deepened its focus on smart city solutions, expanded into smart healthcare and new energy, secured key projects, and optimized asset structure, benefiting from policy-driven industry growth - The company remains committed to deep cultivation in the smart city sector, striving to become a smart city operator with core competitiveness[28](index=28&type=chunk) - The company actively cultivates and expands into smart healthcare and new energy sectors, promoting medical device agency business and new energy charging pile business, exploring sustainable operating models for the sinking market[29](index=29&type=chunk)[31](index=31&type=chunk) - During the reporting period, the company successfully signed several key projects, including the Zhuji Xijie New Energy Co., Ltd. 5190kW Distributed Photovoltaic Power Generation Project, Smart Car Networking System Integration Project, and VIP Building Phase II Expansion Project (Section 1) Intelligent Engineering[31](index=31&type=chunk) - The smart city industry is experiencing development opportunities driven by policies and technological innovation, with new urban infrastructure construction becoming a core policy focus, bringing new development opportunities for the company[33](index=33&type=chunk)[34](index=34&type=chunk) [Analysis of Core Competencies](index=11&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company possesses extensive qualifications, strong R&D capabilities with numerous patents, a focus on talent, and a strategic position as a state-controlled entity in Pingtan's digital economy - The company holds **11 Class A or Grade A qualifications** and has participated in over a thousand smart engineering projects, with business operations across more than 30 provinces nationwide[36](index=36&type=chunk) - As of June 30, 2025, the company owned **15 invention patents, 40 utility model patents, and 325 software copyrights**[37](index=37&type=chunk) - As the only listed company controlled by Pingtan state-owned assets, the company serves as an important implementation platform for Pingtan's industrial development strategy, actively participating in the development of Fujian Province's digital economy industry[40](index=40&type=chunk)[41](index=41&type=chunk) [Analysis of Principal Business](index=13&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Revenue increased by 5.43%, but selling expenses and net operating cash flow significantly rose, with smart city and finance revenue growing 40.72% and smart healthcare and commercial revenue declining 20.07% Key Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 72,720,007.23 | 68,974,323.35 | 5.43% | | | Selling Expenses | 4,293,172.66 | 2,030,364.25 | 111.45% | Primarily due to increased maintenance fees in the current reporting period | | R&D Investment | 2,713,219.74 | 4,496,636.10 | -39.66% | Primarily due to reduced R&D investment in the current reporting period | | Net Cash Flow from Operating Activities | -59,485,666.46 | -21,124,925.96 | -181.59% | Primarily due to increased operating costs and procurement management for new projects in the reporting period | | Net Cash Flow from Investing Activities | 99,034,882.08 | 1,689,316.80 | 5,762.42% | Primarily due to the sale of Bee Assistant shares in the current reporting period | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Smart City and Finance | 40,716,233.01 | 37,947,989.79 | 6.80% | 40.72% | 34.72% | 4.16% | | Smart Healthcare and Commercial | 32,003,774.22 | 34,296,479.06 | -7.16% | -20.07% | -20.74% | 0.91% | - There were no significant changes in the company's profit composition or sources of profit during the reporting period[43](index=43&type=chunk) [Analysis of Non-Principal Business](index=14&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-principal business significantly impacted total profit, with investment income of RMB 79.71 million from equity method investments and share sales, partially offset by fair value changes and asset impairment losses Analysis of Non-Principal Business | Item | Amount (RMB) | Proportion of Total Profit | Explanation of Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 79,713,294.38 | 10,160.33% | Primarily investment income recognized from equity method investments in associate companies and gains from selling Bee Assistant shares | Yes | | Gains and Losses from Fair Value Changes | -11,402,032.84 | -1,453.31% | Primarily fair value changes recognized from associate companies | No | | Asset Impairment Losses | -25,766,099.66 | -3,284.17% | Primarily impairment losses recognized on long-term equity investments, contract assets, etc. | No | | Credit Impairment Losses | 4,714,334.65 | 600.89% | Primarily due to recovery of some previously impaired receivables in the current period | No | [Analysis of Assets and Liabilities](index=14&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total assets slightly decreased by 1.09%, with cash and equivalents increasing to 8.71% and long-term equity investments decreasing to 24.96%, while short-term borrowings rose and long-term borrowings were eliminated Significant Changes in Asset Composition | Item | Amount at End of Current Period (RMB) | Proportion of Total Assets | Amount at End of Prior Year (RMB) | Proportion of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 90,332,275.41 | 8.71% | 52,392,580.90 | 5.00% | 3.71% | | Long-Term Equity Investments | 258,779,121.66 | 24.96% | 303,773,826.66 | 28.98% | -4.02% | | Short-Term Borrowings | 383,261,404.42 | 36.97% | 361,198,520.29 | 34.46% | 2.51% | | Long-Term Borrowings | 0.00 | 0.00% | 6,000,000.00 | 0.57% | -0.57% | Financial Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (RMB) | Fair Value Change in Current Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | | Trading Financial Assets | 28,284,824.03 | -11,402,032.84 | 16,882,041.25 | | Other Non-Current Financial Assets | 45,845,216.37 | 0.00 | 45,845,216.37 | | Subtotal of Financial Assets | 74,130,040.40 | -11,402,032.84 | 62,727,257.62 | - There were no significant changes in the measurement attributes of the company's major assets during the reporting period[51](index=51&type=chunk) [Analysis of Investment Status](index=15&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company had no major equity or non-equity investments, fundraising, wealth management, derivatives, or entrusted loans, but generated significant investment income from selling Bee Assistant shares - The company had no use of raised funds, entrusted wealth management, derivative investments, or entrusted loans during the reporting period[55](index=55&type=chunk)[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk) Financial Assets Measured at Fair Value | Asset Category | Initial Investment Cost (RMB) | Fair Value Change in Current Period (RMB) | Ending Balance (RMB) | Source of Funds | | :--- | :--- | :--- | :--- | :--- | | Stocks | 28,284,824.03 | -11,402,032.84 | 16,882,041.25 | Own Funds | | Other | 45,845,216.37 | 0.00 | 45,845,216.37 | Own Funds | | Total | 74,130,040.40 | -11,402,032.84 | 62,727,257.62 | -- | Significant Equity Sales | Equity Sold | Sale Date | Transaction Price (RMB million) | Impact on Company | Proportion of Net Profit Contributed by Equity Sale to Total Net Profit | | :--- | :--- | :--- | :--- | :--- | | 250,100 Bee Assistant A-shares | January 20, 2025 | 6.02 | Increased investment income | 88.23% | | 2,186,056 Bee Assistant A-shares | June 9, 2025 | 84.58 | Increased investment income | 1,341.58% | [Analysis of Major Holding and Associate Companies](index=18&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company had no significant holding or associate company information requiring disclosure during the reporting period - The company had no significant holding or associate company information requiring disclosure during the reporting period[61](index=61&type=chunk) [Structured Entities Controlled by the Company](index=18&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company had no structured entities under its control during the reporting period - The company had no structured entities under its control during the reporting period[62](index=62&type=chunk) [Risks Faced by the Company and Countermeasures](index=18&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces risks from market competition, new business expansion, investments, accounts receivable, and talent retention, addressed by enhancing operations, strategic planning, and robust management - The company faces risks of intensified market competition and uncertainties arising from new technologies and applications in the smart city industry[62](index=62&type=chunk) - The company faces uncertainties in developing new businesses and new areas, which may affect business expansion[63](index=63&type=chunk) - The company's investment business carries risks of fair value fluctuations of financial assets, impairment, and investment project exit, which will be controlled through strict adherence to investment management processes[64](index=64&type=chunk)[65](index=65&type=chunk) - The company's accounts receivable primarily stem from government or large enterprise projects, but prolonged aging may impact cash flow and operational efficiency; the company will optimize business strategies, strengthen contract management, and implement collection incentive programs[66](index=66&type=chunk) - The company faces the risk of losing core R&D and management personnel due to changes in business structure and will attract and retain talent through management system reforms, performance appraisals, and corporate culture development[67](index=67&type=chunk) [Registration Form for Investor Relations Activities During the Reporting Period](index=20&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) The company hosted an online investor communication session on May 14, 2025, for its 2024 annual performance briefing, with details disclosed on Juchao Information Network - On May 14, 2025, the company hosted investors participating in its 2024 annual performance briefing via an online platform on the "All-View Roadshow" website[68](index=68&type=chunk) - The relevant information index is "300300ST Xiachuang Investor Relations Management Information 20250514" disclosed on Juchao Information Network[68](index=68&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=20&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) 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[69](index=69&type=chunk) - The company did not disclose a valuation enhancement plan during the reporting period[69](index=69&type=chunk) [Implementation of "Quality and Return Dual Improvement" Action Plan](index=20&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%22%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%22%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company did not disclose an announcement regarding the "Quality and Return Dual Improvement" action plan during the reporting period - The company did not disclose an announcement regarding the "Quality and Return Dual Improvement" action plan during the reporting period[69](index=69&type=chunk) Part IV Corporate Governance, Environment, and Society This section details changes in the company's governance structure, including personnel, profit distribution, and its commitment to environmental and social responsibilities [Changes in Directors, Supervisors, and Senior Management](index=20&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, there were changes in senior management and directors, including new appointments and resignations due to personal reasons or work adjustments Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Yin Yixuan | Deputy General Manager | Appointment | January 16, 2025 | Appointed by the company's Board of Directors | | Ni Chenxun | Director | Resignation | March 24, 2025 | Personal reasons | | Lin Xiaofeng | Director | Election | April 9, 2025 | Elected by the general meeting of shareholders | | Wang Weishan | General Manager | Appointment | March 24, 2025 | Appointed by the company's Board of Directors | | Wang Weishan | Deputy General Manager | Resignation | March 24, 2025 | Work transfer | [Profit Distribution and Capital Reserve Conversion to Share Capital During the Reporting Period](index=20&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans no cash dividends, bonus shares, or capital reserve conversions to share capital for the semi-annual period - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[71](index=71&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=21&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) 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 and their implementation during the reporting period[73](index=73&type=chunk) [Environmental Information Disclosure](index=22&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) 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[74](index=74&type=chunk) [Social Responsibility](index=22&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfilled its social responsibilities by adhering to laws, improving governance, protecting shareholder rights through three general meetings, and plans to integrate social responsibility further into its operations - During the reporting period, the company actively fulfilled its corporate social responsibility, promoting coordinated and harmonious development between the enterprise, society, and the nation[74](index=74&type=chunk) - The company strictly adheres to the "Company Law" and other laws and regulations to improve its corporate governance structure and protect the rights and interests of all shareholders[74](index=74&type=chunk) - In the first half of 2025, the company held **three general meetings of shareholders**, with meeting procedures complying with regulations, and protected the rights and interests of small and medium shareholders through a combination of on-site and online voting[74](index=74&type=chunk) Part V Significant Matters This section covers important events and disclosures, including commitments, related party transactions, litigation, and other material information affecting the company [Fulfillment of Commitments](index=23&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company reported no unfulfilled or overdue commitments by the actual controller, shareholders, related parties, acquirers, or the company itself during the reporting period - The company reported no commitments by its actual controller, shareholders, related parties, acquirers, or the company itself that were fulfilled during the reporting period or remained unfulfilled and overdue as of the end of the reporting period[77](index=77&type=chunk) [Non-Operating Funds Occupied by Controlling Shareholders and Other Related Parties](index=23&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) The company reported no non-operating funds occupied by controlling shareholders or other related parties during the reporting period - The company reported no non-operating funds occupied by controlling shareholders or other related parties during the reporting period[78](index=78&type=chunk) [Irregular External Guarantees](index=23&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[79](index=79&type=chunk) [Appointment and Dismissal of Accounting Firms](index=23&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual report was not audited - The company's semi-annual report was unaudited[80](index=80&type=chunk) [Explanations by the Board of Directors, Supervisory Board, and Audit Committee on "Non-Standard Audit Report" for the Current Period](index=23&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E3%80%81%E5%AE%A1%E8%AE%A1%E5%A7%94%E5%91%98%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) The company reported no explanations from the Board, Supervisory Board, or Audit Committee regarding a "non-standard audit report" for the current period - The company reported no explanations from the Board of Directors, Supervisory Board, or Audit Committee regarding a "non-standard audit report" from the accounting firm for the current reporting period[81](index=81&type=chunk) [Explanations by the Board of Directors on "Non-Standard Audit Report" for the Previous Year](index=23&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) The company reported no explanations from the Board regarding a "non-standard audit report" for the previous year - The company reported no explanations from the Board of Directors regarding a "non-standard audit report" for the previous year[81](index=81&type=chunk) [Bankruptcy and Reorganization Matters](index=23&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy and reorganization matters during the reporting period - The company had no bankruptcy and reorganization matters during the reporting period[81](index=81&type=chunk) [Litigation Matters](index=23&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company is involved in significant litigation, including an engineering payment dispute of RMB 14.84 million and a resolved property lease dispute of RMB 11.47 million where it bears joint liability, alongside other minor cases Significant Litigation and Arbitration Matters | Litigation (Arbitration) Basic Information | Amount Involved (RMB million) | Provision for Liabilities Formed | Litigation (Arbitration) Progress | Litigation (Arbitration) Outcome and Impact | | :--- | :--- | :--- | :--- | :--- | | Haixia Innovation Internet Co., Ltd. (Plaintiff) vs. Chongqing Beixin Rongjian Construction Engineering Co., Ltd. (Defendant) - Engineering Payment Dispute | 14.84 | No | First instance in progress | / | | Hangzhou Gongshu District State-Owned Property Management Co., Ltd. (Plaintiff) vs. Hangzhou Haixia Qiaoxing Commercial Development Co., Ltd. (Defendant 1), Haixia Innovation Internet Co., Ltd. (Defendant 2) - Property Lease Contract Dispute | 11.47 | Yes | Concluded | First instance ruled Defendant 1 to pay rent and liquidated damages, Defendant 2 to bear joint and several liability; second instance upheld the original judgment | | Total cases where the company is plaintiff | 23.42 | No | Not applicable | No significant impact | | Total cases where the company is defendant | 29.17 | No | Not applicable | No significant impact | | Total cases where the company is third party | 10.10 | No | Not applicable | No significant impact | - The property lease contract dispute is being performed according to the settlement agreement, with **RMB 1 million** already paid[84](index=84&type=chunk) [Penalties and Rectification](index=24&type=section&id=%E4%B9%9D%E3%80%81%E5%88%9A%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[85](index=85&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=24&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) The company reported no integrity issues concerning itself, its controlling shareholder, or its actual controller during the reporting period - The company reported no integrity issues concerning itself, its controlling shareholder, or its actual controller during the reporting period[86](index=86&type=chunk) [Significant Related Party Transactions](index=24&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) While no routine related party transactions occurred, a subsidiary secured an RMB 8 million loan with a related party providing guarantee and the company offering counter-guarantees - The company reported no related party transactions related to daily operations, asset or equity acquisitions/disposals, joint external investments, or related party creditor-debtor relationships during the reporting period[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk)[89](index=89&type=chunk) - Fujian Haixia Innovation Medical Technology Co., Ltd., a wholly-owned subsidiary, applied to Industrial Bank for a working capital loan not exceeding **RMB 8 million**[92](index=92&type=chunk) - Related party Pingtan Comprehensive Experimental Zone Xinping Financing Guarantee Co., Ltd. provided joint and several liability guarantee for the aforementioned financing, and the company provided joint and several liability counter-guarantee and mortgage counter-guarantee to Xinping Financing[92](index=92&type=chunk) [Significant Contracts and Their Performance](index=25&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company had no trust or contracting arrangements, with leasing activities involving office and cinema spaces, and significant guarantees for subsidiaries, while some major operating contracts faced delays or litigation - The company reported no trust or contracting arrangements during the reporting period[94](index=94&type=chunk)[95](index=95&type=chunk) - The company's leasing business primarily involves leasing out idle office space and leasing cinema operating venues and office spaces[96](index=96&type=chunk) External Guarantees by the Company and its Subsidiaries | Guaranteed Party Name | Guarantee Limit (RMB million) | Actual Guarantee Amount (RMB million) | Guarantee Type | Guarantee Period | Fulfilled | | :--- | :--- | :--- | :--- | :--- | :--- | | Hangzhou Haixia Qiaoxing Commercial Development Co., Ltd. | 50.00 | 50.00 | Joint and several liability guarantee | December 21, 2018 to May 31, 2028 | No | | Pingtan Comprehensive Experimental Zone Xinping Financing Guarantee Co., Ltd. | 2.00 | 1.50 | Pledge, Mortgage | October 11, 2024 to October 4, 2025 | No | | Pingtan Comprehensive Experimental Zone Xinping Financing Guarantee Co., Ltd. | 8.00 | 8.00 | Pledge, Mortgage | June 13, 2025 to June 12, 2028 | No | | Zhejiang Handing Youyou Financial Services Co., Ltd. | 50.00 | 11.00 | Joint and several liability guarantee | May 6, 2025 to May 6, 2028 | No | | Total Actual External Guarantees at Period End (A4) | | 51.50 | | | | | Total Actual Guarantees for Subsidiaries at Period End (B4) | | 11.00 | | | | | Proportion of Total Actual Guarantees to Company's Net Assets | | 38.17% | | | | - The project signed by the company with China Fifth Metallurgical Group Co., Ltd. for the Chengdu Ring City Ecological Restoration Comprehensive Project is proceeding normally, having been completed and entering the final settlement phase[101](index=101&type=chunk) - The project signed by the company with Chongqing Beixin Rongjian Construction Engineering Co., Ltd. for the Zhijing Textile Technology Pingshan Smart Weaving Smart Industrial Park project has led to litigation, as the other party unilaterally re-contracted the remaining work and refused settlement[102](index=102&type=chunk) [Explanation of Other Significant Matters](index=29&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) Other significant matters, such as the company's debt financing plan, were disclosed as temporary reports during the reporting period Other Significant Matters Disclosure | Announcement Number | Publication Date | Significant Matter Disclosure | Disclosure Index | | :--- | :--- | :--- | :--- | | 2025-014 | 2025/3/25 | Announcement on the company's debt financing plan | Juchao Information Network | [Significant Matters of Company Subsidiaries](index=29&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) The company reported no significant matters concerning its subsidiaries during the reporting period - The company reported no significant matters concerning its subsidiaries during the reporting period[106](index=106&type=chunk) Part VI Share Changes and Shareholder Information This section details changes in the company's share capital, securities issuance, shareholder structure, and shareholdings of directors, supervisors, and senior management [Share Changes](index=30&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Total share capital remained unchanged, but restricted shares decreased by 6,650 and unrestricted shares increased by 6,650, primarily due to the unlocking of shares held by a departing senior executive Share Changes | Category | Quantity Before This Change (shares) | Proportion Before This Change | Net Increase/Decrease in This Change (shares) | Quantity After This Change (shares) | Proportion After This Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 49,100 | 0.01% | -6,650 | 42,450 | 0.01% | | II. Unrestricted Shares | 666,797,962 | 99.99% | 6,650 | 666,804,612 | 99.99% | | III. Total Shares | 666,847,062 | 100.00% | 0 | 666,847,062 | 100.00% | - Share changes were primarily due to the locking or unlocking of shares held by the company's departing senior executives, in accordance with the "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 10 - Share Change Management"[109](index=109&type=chunk) Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Unrestricted Shares Released in Current Period (shares) | Restricted Shares Increased in Current Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Yu Jing | 26,600 | 6,650 | 0 | 19,950 | Senior executive restricted shares | | Wang Weishan | 22,500 | 0 | 0 | 22,500 | Senior executive restricted shares | | Total | 49,100 | 6,650 | 0 | 42,450 | -- | [Issuance and Listing of Securities](index=31&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company had no issuance or listing of securities during the reporting period - The company had no issuance or listing of securities during the reporting period[111](index=111&type=chunk) [Number of Shareholders and Shareholding](index=31&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the reporting period end, the company had 21,616 common shareholders, with Pingtan Innovation Equity Investment Partnership as the largest shareholder (16.00%), and key shareholders Wu Yan and Zhejiang Fufei Technology having pledged shares and forming a concerted action - The total number of common shareholders at the end of the reporting period was **21,616**[113](index=113&type=chunk) Shareholding of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at End of Reporting Period (shares) | Number of Unrestricted Shares Held (shares) | Share Status | Number (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Pingtan Innovation Equity Investment Partnership (Limited Partnership) | State-owned Legal Person | 16.00% | 106,689,174 | 106,689,174 | Not applicable | 0 | | Wu Yan | Domestic Natural Person | 5.62% | 37,449,238 | 37,449,238 | Pledged | 34,628,989 | | Zhejiang Fufei Technology Co., Ltd. | Domestic Non-State-owned Legal Person | 2.99% | 19,951,763 | 19,951,763 | Pledged | 19,951,763 | - Ms. Wu Yan and Zhejiang Fufei Technology Co., Ltd. constitute a concerted action relationship[113](index=113&type=chunk) - Wu Yan and Handing Youyou Group Co., Ltd. unconditionally and irrevocably waived their voting rights associated with their equity holdings, resulting in the company's controlling shareholder changing from Wu Yan to Pingtan Venture Capital[113](index=113&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=33&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period, as detailed in the 2024 annual report - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period, as detailed in the 2024 annual report[115](index=115&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=33&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder did not change during the reporting period[116](index=116&type=chunk) - The company's actual controller did not change during the reporting period[117](index=117&type%3Dchunk) Part VII Bond-Related Information This section provides details on any bond-related activities or status of the company [Bond-Related Information](index=36&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[120](index=120&type=chunk) Part VIII Financial Report This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, cash flow statements, and notes to the financial statements [Audit Report](index=37&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was unaudited - The company's semi-annual financial report was unaudited[122](index=122&type=chunk) [Financial Statements](index=37&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's H1 2025 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, providing a comprehensive financial overview - Financial statements include the consolidated balance sheet, parent company balance sheet, consolidated income statement, parent company income statement, consolidated cash flow statement, parent company cash flow statement, consolidated statement of changes in owners' equity, and parent company statement of changes in owners' equity[123](index=123&type=chunk)[128](index=128&type=chunk)[132](index=132&type=chunk)[136](index=136&type=chunk)[140](index=140&type=chunk)[144](index=144&type=chunk)[147](index=147&type=chunk)[151](index=151&type=chunk) [Company Basic Information](index=55&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Haixia Innovation Internet Co., Ltd., established on June 30, 2009, and listed on March 19, 2012, operates in engineering, internet information services, and film exhibition, with its financial statements approved on August 26, 2025 - Haixia Innovation Internet Co., Ltd. was listed on the ChiNext board of the Shenzhen Stock Exchange on March 19, 2012, stock code: 300300[158](index=158&type=chunk) - The company's main business activities include foreign contracted engineering, internet information services, and film exhibition services[158](index=158&type=chunk) - These financial statements were approved for issuance by the company's Board of Directors on August 26, 2025[158](index=158&type=chunk) [Basis of Preparation of Financial Statements](index=55&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The financial statements are prepared on a going concern basis, adhering to MOF accounting standards and CSRC regulations, and accurately reflect the company's financial position, performance, and cash flows - The company prepares its financial statements on a going concern basis, in accordance with the Enterprise Accounting Standards issued by the Ministry of Finance and relevant regulations of the China Securities Regulatory Commission[159](index=159&type=chunk)[160](index=160&type=chunk) - These financial statements comply with the requirements of Enterprise Accounting Standards and truly and completely reflect the company's consolidated and parent company financial position as of June 30, 2025, and consolidated and parent company operating results and cash flows for the first half of 2025[162](index=162&type=chunk) [Significant Accounting Policies and Estimates](index=55&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) No changes occurred in major accounting policies or estimates this period, with detailed disclosures on accounting periods, business cycles, currency, materiality, business combinations, financial instruments, revenue recognition, and other key areas - There were no changes in major accounting policies or accounting estimates in the current period[161](index=161&type=chunk) - The company determines the scope of consolidated financial statements based on control and classifies and measures financial assets, including those measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss[168](index=168&type=chunk)[181](index=181&type=chunk) - The company applies impairment accounting based on expected credit losses for financial assets measured at amortized cost, financial assets measured at fair value through other comprehensive income (debt instruments), and financial guarantee contracts[190](index=190&type=chunk) - The company recognizes revenue when it satisfies a performance obligation in the contract, meaning when the customer obtains control of the relevant goods or services, and recognizes revenue over time or at a point in time depending on the nature of the performance obligation[243](index=243&type=chunk)[244](index=244&type=chunk)[245](index=245&type=chunk) [Taxation](index=77&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) The company's main taxes include VAT (13%, 9%, 6%, 3%), Urban Maintenance and Construction Tax (7%, 5%), Enterprise Income Tax (25%, 15%), and Property Tax (1.2%, 12%), with some subsidiaries benefiting from small-profit enterprise tax reductions Major Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Based on sales of goods and taxable services calculated according to tax laws, after deducting input VAT allowed for the current period, the difference is VAT payable | 13%, 9%, 6%, 3%, etc. | | Urban Maintenance and Construction Tax | Calculated based on actual VAT and consumption tax paid | 7%, 5% | | Enterprise Income Tax | Calculated based on taxable income | 25%, 15% | | Property Tax | For value-based assessment, 1.2% of the original value of the property after a one-time deduction of 30%; for rent-based assessment, 12% of rental income | 1.2%, 12% | - The company passed the high-tech enterprise re-certification in December 2022, and as of June 30, 2025, it continues to pay enterprise income tax at a **15%** rate[263](index=263&type=chunk) - Some subsidiaries are eligible for small-profit enterprise tax reduction policies, paying enterprise income tax at a **20%** rate on 25% of their taxable income[264](index=264&type=chunk) [Notes to Consolidated Financial Statement Items](index=78&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on consolidated financial statement items, including cash and equivalents (RMB 90.33 million), trading financial assets (RMB 16.88 million), accounts receivable (RMB 42.24 million), contract assets (RMB 203.51 million), short-term borrowings (RMB 383.26 million), and zero long-term borrowings, along with revenue, costs, investment income, and impairment losses Selected Consolidated Financial Statement Items at Period End | Item | Ending Balance (RMB) | | :--- | :--- | | Cash and Bank Balances | 90,332,275.41 | | Trading Financial Assets | 16,882,041.25 | | Accounts Receivable | 42,243,676.27 | | Contract Assets | 203,513,152.80 | | Short-Term Borrowings | 383,261,404.42 | | Long-Term Borrowings | 0.00 | | Operating Revenue | 72,720,007.23 | | Operating Cost | 72,244,468.85 | | Investment Income | 79,713,294.38 | | Credit Impairment Losses | 4,714,334.65 | | Asset Impairment Losses | -25,766,099.66 | - The company faces credit risk, market risk (interest rate risk, exchange rate risk), and liquidity risk, and manages these through credit assessment, limit setting, regular monitoring, and matching foreign currency receipts and payments[591](index=591&type=chunk)[592](index=592&type=chunk)[593](index=593&type=chunk)[594](index=594&type=chunk)[596](index=596&type=chunk) - As of June 30, 2025, the company's bank borrowings with floating interest rates amounted to **RMB 382,716,362.78**, and a 50 basis point change in interest rates would not have a significant impact on total profit and shareholders' equity[593](index=593&type=chunk) [Research and Development Expenses](index=134&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) Total R&D expenses for the period were RMB 2.71 million, a 39.66% decrease year-on-year, entirely expensed, with no capitalized R&D projects or significant externally acquired in-progress projects R&D Expense Composition | Item | Amount in Current Period (RMB) | Amount in Prior Period (RMB) | | :--- | :--- | :--- | | Employee Compensation | 2,293,150.84 | 3,198,559.48 | | Outsourced R&D Expenses | 383,018.86 | 1,212,735.85 | | Depreciation and Amortization | 12,142.88 | 12,884.46 | | Other | 24,907.16 | 72,456.31 | | Total | 2,713,219.74 | 4,496,636.10 | | Of which: Expensed R&D Expenditure | 2,713,219.74 | 4,496,636.10 | - The company had no R&D projects that met the capitalization criteria during the reporting period[564](index=564&type=chunk) [Changes in Consolidation Scope](index=135&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) The company reported no changes in consolidation scope due to non-same control business combinations, same control business combinations, reverse acquisitions, or loss of control over subsidiaries during the reporting period - The company reported no non-same control business combinations during the reporting period[566](index=566&type=chunk) - The company reported no same control business combinations during the reporting period[570](index=570&type=chunk) - The company reported no transactions or events resulting in the loss of control over subsidiaries during the reporting period[573](index=573&type=chunk) [Interests in Other Entities](index=138&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds interests in various subsidiaries and associates, including a 51.00% stake in Fujian Haixia Innovation Digital Technology Co., Ltd., and an 11.02% equity method investment in Bee Assistant Co., Ltd., with minor associates reporting a net loss Composition of Enterprise Group (Selected Subsidiaries) | Subsidiary Name | Registered Place | Business Nature | Shareholding Percentage (Direct) | | :--- | :--- | :--- | :--- | | Haixia Innovation Information Industry Co., Ltd. | Hangzhou, Zhejiang | Services, Retail | 100.00% | | Zhejiang Handing Youyou Financial Services Co., Ltd. | Hangzhou, Zhejiang | Financial Services, Consulting Services | 100.00% | | Fujian Haixia Innovation Digital Technology Co., Ltd. | Fuzhou, Fujian | Information Technology Consulting Services | 51.00% | - The company's significant associate is Bee Assistant Co., Ltd., with an **11.02%** shareholding, accounted for using the equity method[581](index=581&type=chunk) Key Financial Information of Significant Associate Bee Assistant (Ending Balance/Current Period Amount) | Item | Bee Assistant (RMB) | | :--- | :--- | | Total Assets | 3,194,443,471.06 | | Total Liabilities | 1,180,436,733.86 | | Equity Attributable to Parent Company Shareholders | 1,800,128,479.81 | | Net Asset Share Calculated by Shareholding Ratio | 198,374,158.48 | | Carrying Amount of Equity Investment in Associate | 244,545,444.03 | | Operating Revenue | 983,319,080.57 | | Net Profit | 30,341,651.48 | | Total Comprehensive Income | 30,341,651.48 | - The aggregated net profit of insignificant associates was **-RMB 1,729,043.10**, and total comprehensive income was **-RMB 1,729,043.10**[587](index=587&type=chunk) [Government Grants](index=143&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) The company reported no government grants recognized as receivables or related liability items at the end of the reporting period, with details on grants recognized in profit or loss not fully disclosed - The company had no government grants recognized as receivables at the end of the reporting period[589](index=589&type=chunk) - The company had no liability items involving government grants at the end of the reporting period[590](index=590&type=chunk) [Risks Related to Financial Instruments](index=143&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company manages credit, market (interest rate, exchange rate), and liquidity risks through credit assessments, exposure limits, monitoring, matching foreign currency flows, and cash flow forecasting, without engaging in hedging activities - The company faces credit risk, market risk (including exchange rate risk, interest rate risk), and liquidity risk[590](index=590&type=chunk)[592](index=592&type=chunk) - The company manages credit risk by assessing new customer credit, setting credit limits, and quarterly monitoring existing customer credit ratings[591](index=591&type=chunk) - The company manages market risk by determining the proportion of fixed-rate and floating-rate financial instruments and matching foreign currency income and expenses[593](index=593&type=chunk)[594](index=594&type=chunk) - The company manages liquidity risk through cash flow forecasting and monitoring borrowing and credit agreements[596](index=596&type=chunk) - The company did not engage in hedging activities for risk management or apply hedge accounting during the reporting period[599](index=599&type=chunk)[600](index=600&type=chunk) [Disclosure of Fair Value](index=145&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) Fair value measured assets totaled RMB 62.73 million, primarily trading financial assets and other non-current financial assets, with equity instrument investments and other non-current financial assets measured at Level 3, and other trading financial assets at Level 1 Fair Value of Assets and Liabilities Measured at Fair Value at Period End | Item | Level 1 Fair Value Measurement (RMB) | Level 3 Fair Value Measurement (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | | 1. Financial assets measured at fair value through profit or loss | 174,477.85 | 16,707,563.40 | 16,882,041.25 | | (2) Equity instrument investments | | 16,707,563.40 | 16,707,563.40 | | (4) Other | 174,477.85 | | 174,477.85 | | (VIII) Other non-current financial assets | | 45,845,216.37 | 45,845,216.37 | | I. Total continuous fair value measurements | 174,477.85 | 62,552,779.77 | 62,727,257.62 | [Related Parties and Related Party Transactions](index=146&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) Pingtan Innovation Equity Investment Partnership is the parent company (16.00% stake), with Pingtan Comprehensive Experimental Zone Investment Promotion Bureau as the ultimate controller; related party transactions included labor procurement and guarantees for subsidiaries, with key management compensation totaling RMB 1.61 million - The company's parent company is Pingtan Innovation Equity Investment Partnership (Limited Partnership), with a shareholding ratio and voting rights ratio of **16.00%**[602](index=602&type=chunk) - The company's ultimate controlling party is Pingtan Comprehensive Experimental Zone Investment Promotion Bureau[602](index=602&type=chunk) Purchase of Goods/Acceptance of Services | Related Party | Related Transaction Content | Amount in Current Period (RMB) | | :--- | :--- | :--- | | Sichuan Tongpu Technology Co., Ltd. | Labor | 167,494.54 | Company as Guarantor | Guaranteed Party | Guarantee Amount (RMB) | Guarantee Start Date | Guarantee End Date | | :--- | :--- | :--- | :--- | | Fujian Haixia Innovation Medical Technology Co., Ltd. | 8,000,000.00 | June 13, 2025 | June 12, 2028 | | Zhejiang Handing Youyou Financial Services Co., Ltd. | 11,000,000.00 | May 6, 2025 | May 6, 2028 | - Key management personnel compensation for the current period amounted to **RMB 1,607,833.20**[617](index=617&type=chunk) [Share-Based Payments](index=149&type=section&id=%E5%8D%81%E4%BA%94%E3%80%81%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98) The company reported no share-based payment information, including overall situation, equity-settled, or cash-settled plans, expenses, or modifications, during the reporting period - The company reported no overall share-based payment situation during the reporting period[622](index=622&type=chunk) - The company reported no equity-settled share-based payment situation during the reporting period[622](index=622&type=chunk) - The company reported no cash-settled share-based payment situation during the reporting period[622](index=622&type=chunk) [Commitments and Contingencies](index=150&type=section&id=%E5%8D%81%E5%85%AD%E3%80%81%E6%89%BF%E8%AF%BA%E5%8F%8A%E6%88%96%E6%9C%89%E4%BA%8B%E9%A1%B9) As of June 30, 2025, the company had no significant commitments but faced a material contingency from a guarantee for a subsidiary's property lease, resulting in a provision for guarantee losses of RMB 11.47 million - As of June 30, 2025, the Group had no significant commitments requiring disclosure[624](index=624&type=chunk) - The company provided a guarantee for the property lease contract of its subsidiary, Hangzhou Handing Qiaoxing Commercial Development Co., Ltd., with a total guarantee amount of **RMB 111,991,688.00**[625](index=625&type=chunk)[628](index=628&type=chunk) - Due to Handing Qiaoxing's arrears in rent, the company has made payments on its behalf and accrued a guarantee loss of **RMB 11,466,161.00** based on the litigation outcome[626](index=626&type=chunk) [Events After the Balance Sheet Date](index=151&type=section&id=%E5%8D%81%E4%B8%83%E3%80%81%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8%E6%97%A5%E5%90%8E%E4%BA%8B%E9%A1%B9) The company reported no significant non-adjusting events, profit distribution, sales returns, or other post-balance sheet events during the reporting period - The company reported no significant non-adjusting events during the reporting period[631](index=631&type=chunk) - The company reported no profit distribution during the reporting period[632](index=632&type=chunk) - The company reported no sales returns or other events after the balance sheet date during the reporting period[632](index=632&type=chunk) [Other Significant Matters](index=151&type=section&id=%E5%8D%81%E5%85%AB%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company reported no prior period accounting error corrections, debt restructurings, asset exchanges, annuity plans, discontinued operations, or segment information, or other significant transactions affecting investor decisions - The company reported no prior period accounting error corrections during the reporting period[633](index=633&type=chunk) - The company reported no debt restructurings, asset exchanges, annuity plans, or discontinued operations during the reporting period[635](index=635&type=chunk)[636](index=636&type=chunk) - The company has no reportable segments, or cannot disclose the total assets and total liabilities of each reportable segment[638](index=638&type=chunk) [Notes to Major Items in Parent Company Financial Statements](index=152&type=section&id=%E5%8D%81%E4%B9%9D%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E4%B8%BB%E8%A6%81%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) The parent company's financial statements show accounts receivable of RMB 23.59 million, other receivables of RMB 297.11 million, and long-term equity investments of RMB 1,083.31 million, with revenue of RMB 14.11 million and investment income of RMB 76.71 million primarily from disposing long-term equity investments Selected Parent Company Financial Statement Items at Period End | Item | Ending Balance (RMB) | | :--- | :--- | | Accounts Receivable | 23,588,790.78 | | Other Receivables | 297,106,380.65 | | Long-Term Equity Investments | 1,083,306,815.67 | | Operating Revenue | 14,110,912.07 | | Operating Cost | 13,673,006.99 | | Investment Income | 76,713,294.38 | - The parent company's long-term equity investments include **RMB 830,950,873.03** in subsidiaries and **RMB 252,355,942.64** in associates and joint ventures[681](index=681&type=chunk) - The parent company's investment income primarily originated from investment gains of **RMB 72,717,714.50** from the disposal of long-term equity investments[691](index=691&type=chunk) [Supplementary Information](index=164&type=section&id=%E4%BA%8C%E5%8D%81%E3%80%81%E8%A1%A5%E5%85%85%E8%B5%84%E6%96%99) This section provides non-recurring gains and losses totaling RMB 61.55 million, mainly from the sale of Bee Assistant shares, and presents net asset return and earnings per share, with no differences under domestic and overseas accounting standards Current Period Non-Recurring Gains and Losses Details | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets | 72,712,046.73 | Primarily asset disposal gains from selling Bee Assistant shares | | Government grants recognized in current profit or loss | 91,346.00 | See Note "XI. Government Grants" | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and disposal of financial assets and liabilities, excluding effective hedging activities related to normal business operations | -11,402,032.84 | Primarily fair value changes in financial assets such as Xunuo Pharma | | Total | 61,549,949.00 | -- | Return on Net Assets and Earnings Per Share | Profit for the Reporting Period | Weighted Average Return on Net Assets | Basic Earnings Per Share (RMB/share) | Diluted Earnings Per Share (RMB/share) | | :--- | :--- | :--- | :--- | | Net profit attributable to common shareholders of the company | 3.14% | 0.01 | 0.01 | | Net profit attributable to common shareholders of the company after deducting non-recurring gains and losses | -32.88% | -0.08 | -0.08 | - The company repo