苏州天脉导热科技股份有限公司 2025 年半年度报告全文 苏州天脉导热科技股份有限公司 2025 年半年度报告 2025-023 二〇二五年八月 1 苏州天脉导热科技股份有限公司 2025 年半年度报告全文 2025 年半年度报告 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。 公司负责人谢毅、主管会计工作负责人龚才林及会计机构负责人(会计主 管人员)龚才林声明：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。 本报告涉及的未来计划、发展战略等前瞻性描述均不构成公司对投资者的 实质性承诺，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。敬请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"之"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 | | | 苏州天脉 ...

南华生物医药股份有限公司 2025 年半年度报告全文 南华生物医药股份有限公司 2025 年半年度报告 2025 年 8 月 1 南华生物医药股份有限公司 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 个别和连带的法律责任。 公司负责人杨云、主管会计工作负责人林鹏彬及会计机构负责人（会计 主管人员）陈一声明：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。 本报告涉及的未来计划等前瞻性陈述，不构成公司对投资者的实质性承 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。 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，详细描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、目录和释义 | | 2 | | --- | --- | --- | --- | ...

2025 年半年度报告 2025 年 08 月 1 深圳市瑞凌实业集团股份有限公司 2025 年半年度报告全文 深圳市瑞凌实业集团股份有限公司 深圳市瑞凌实业集团股份有限公司 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。 公司负责人邱光、主管会计工作负责人潘文及会计机构负责人(会计主管 人员)潘文声明：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等方面的内容，均不构成本公司对任何投 资者及相关人士的承诺，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。 公司存在宏观环境和市场竞争的风险、原材料价格波动的风险、汇率和 利率波动风险、子公司管理风险等。敬请广大投资者注意投资风险。公司面 临的风险与应对措施详见本报告"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"的相关内容。 公司计划不派发现金红利，不送红股，不以公积金转 ...

2025 年半年度报告 证券简称：第一创业 证券代码：002797 第一创业证券股份有限公司 2025 年半年度报告 2025 年 08 月 2025 年半年度报告 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。 公司负责人青美平措先生（代）、主管会计工作负责人王芳女士及会计机构负责人马 东军先生声明：保证本半年度报告中财务报告的真实、准确、完整。 本半年度报告已经公司第五届董事会第五次会议审议通过，除下列董事外，其他董事 均亲自出席了审议本报告的董事会会议。 | 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 | | --- | --- | --- | --- | | 梁望南 | 董事 | 工作原因 | 无 | 本半年度报告中所涉及的未来计划、发展战略等前瞻性陈述，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。 公司请投资者认真阅读本半年度报告全文，并特别注意下列风险因素： ...

成都市兴蓉环境股份有限公司 2025 年半年度报告全文 成都市兴蓉环境股份有限公司 2025 年半年度报告 2025 年 8 月 1 成都市兴蓉环境股份有限公司 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。 公司负责人饶怡、主管会计工作负责人宋兴来及会计机构负责人(会计主 管人员)曾倩声明：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 | 未亲自出席董事 | 未亲自出席会议 | 被委托人姓名 | | --- | --- | --- | --- | | 姓名 | 职务 | 原因 | | | 李雷 | 董事 | 工作原因 | 刘杰 | | 姜玉梅 | 独立董事 | 工作原因 | 王新 | 公司本半年度报告中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，并理解计划、 预测与承诺之间的差异。 公司已在本报告第三节"管 ...

浙江天振科技股份有限公司 2025 年半年度报告全文 证券简称：天振股份 证券代码：301356 公告编号：2025-044 浙江天振科技股份有限公司 2025 年半年度报告 二〇二五年八月 1 浙江天振科技股份有限公司 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。 公司负责人方庆华、主管会计工作负责人吴阿晓及会计机构负责人(会计 主管人员)吴阿晓声明：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、业绩预测等方面的内容，均不构成本公司 对任何投资者及相关人士的承诺，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。 公司在本年度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 请广大投资者予以关注，并注意投资风险。 公司计划不派发现金红利，不送红股 ...

福建雪人集团股份有限公司 2025 年半年度报告全文 福建雪人集团股份有限公司 2025 年半年度报告 2025 年 8 月 28 日 公司负责人林汝捷 1、主管会计工作负责人许慧宗及会计机构负责人(会 计主管人员)黄昊声明：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经营计划、业绩预计、发展战略等前瞻性陈述属 于公司计划性事项，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。 公司已在本报告中详细描述可能存在的相关风险，敬请查阅"第三节管 理层讨论与分析"中相关内容，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。 1 | | | 福建雪人集团股份有限公司 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。 | 第一节 | 重要提示、目录和释义 | | 1 | | --- | ...

[Part I Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board and senior management declare the semi-annual report is true, accurate, and complete, assuming legal responsibility, with no plans for cash dividends, bonus shares, or capital reserve conversion - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, assuming legal responsibility[5](index=5&type=chunk) - The company's head, chief accountant, and head of the accounting department declare and guarantee the truthfulness, accuracy, and completeness of the financial report[5](index=5&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the report's nine main chapters and their starting page numbers, covering company operations, finance, governance, and significant matters, along with reference documents - The report comprises nine main chapters, covering comprehensive information on company operations, finance, governance, and significant matters[8](index=8&type=chunk) - Reference documents include financial statements signed by the legal representative and chief accountant, original audit reports, and all publicly disclosed company documents and announcements[10](index=10&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms and company-related entities used in the report, including regulatory bodies, company names, subsidiaries, aviation professional terms, and the reporting period, ensuring clear understanding - The report defines abbreviations for the CSRC, SZSE, the company, and its major subsidiaries, such as Yamei Power, Shenyang Feian, and Huaxin Technology[11](index=11&type=chunk) - Aviation professional terms are explained, including APU (Auxiliary Power Unit), MRO (Maintenance, Repair, Overhaul), eVTOL (Electric Vertical Take-Off and Landing aircraft), and STC (Supplemental Type Certificate)[12](index=12&type=chunk) - The reporting period is explicitly defined as January 1, 2025, to June 30, 2025[12](index=12&type=chunk) [Part II Company Profile and Key Financial Indicators](index=7&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=7&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Sichuan Haite High-Tech Co., Ltd. (Stock Abbreviation: Haite High-Tech, Stock Code: 002023) is listed on the Shenzhen Stock Exchange, with Deng Zhenrong as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Haite High-Tech | | Stock Code | 002023 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | 四川海特高新技术股份有限公司 | | Legal Representative | Deng Zhenrong | [Contact Persons and Information](index=7&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 is Zhang Chen, and Securities Affairs Representative is Liu Heng, both located at No. 9 Keyuan South Road 1, Chengdu, Sichuan, with contact numbers and email provided Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Zhang Chen | No. 9 Keyuan South Road 1, Chengdu, Sichuan | 028-85921029 | 028-85921029 | board@haitegroup.com | | Securities Affairs Representative | Liu Heng | No. 9 Keyuan South Road 1, Chengdu, Sichuan | 028-85921029 | 028-85921029 | board@haitegroup.com | [Other Information](index=7&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) The company's registered address, office address, website, email, and information disclosure/storage locations remained unchanged during the reporting period, as detailed in the 2024 annual report - The company's contact information, information disclosure, and storage locations remained unchanged during the reporting period, as referenced in the 2024 annual report[16](index=16&type=chunk)[17](index=17&type=chunk) [Key Accounting Data and Financial Indicators](index=8&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) During the reporting period, the company's operating revenue increased by 14.08%, net profit attributable to shareholders increased by 35.31%, and net cash flow from operating activities significantly grew by 120.47%, with total assets slightly decreasing and net assets attributable to shareholders increasing Key Accounting Data and Financial Indicators (Current Period vs. Prior Year) | Indicator | Current Period (CNY) | Prior Year (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 705,053,189.98 | 618,016,380.14 | 14.08% | | Net Profit Attributable to Shareholders of Listed Company | 63,704,068.86 | 47,079,457.35 | 35.31% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 47,101,254.69 | 37,175,426.46 | 26.70% | | Net Cash Flow from Operating Activities | 259,029,496.64 | 117,492,103.73 | 120.47% | | Basic Earnings Per Share (CNY/share) | 0.0861 | 0.0635 | 35.59% | | Diluted Earnings Per Share (CNY/share) | 0.0861 | 0.0635 | 35.59% | | Weighted Average Return on Net Assets | 1.48% | 1.10% | 0.38% | | **Period-End Indicators** | **Current Period-End (CNY)** | **Prior Year-End (CNY)** | **Change from Prior Year-End** | | Total Assets | 7,054,785,866.99 | 7,091,187,459.33 | -0.51% | | Net Assets Attributable to Shareholders of Listed Company | 4,346,384,446.41 | 4,277,978,364.43 | 1.60% | [Differences in Accounting Data under Domestic and International Accounting Standards](index=8&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) During the reporting period, the company reported no differences in net profit and net assets between financial statements prepared under international/overseas accounting standards and Chinese accounting standards - The company reported no differences in net profit and net assets under domestic and international accounting standards during the reporting period[20](index=20&type=chunk)[21](index=21&type=chunk) [Non-Recurring Gains and Losses and Amounts](index=8&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) Total non-recurring gains and losses for the reporting period amounted to CNY 16.60 million, primarily including government grants, fair value changes of financial assets, debt restructuring gains/losses, and other non-operating income/expenses Non-Recurring Gains and Losses and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains/losses from disposal of non-current assets | 31,302.75 | | Government grants recognized in current profit or loss | 10,668,656.19 | | Gains/losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains/losses from disposal of financial assets and liabilities | 6,152,200.20 | | Gains/losses from entrusted investments or asset management | 150,012.93 | | Reversal of impairment provisions for accounts receivable subject to separate impairment testing | 166,120.75 | | Gains/losses from debt restructuring | 1,368,298.25 | | Other non-operating income and expenses apart from the above | 1,383,036.94 | | Less: Income tax impact | 2,736,576.98 | | Minority interest impact (after tax) | 580,236.86 | | **Total** | **16,602,814.17** | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses, nor has it classified non-recurring gains and losses as recurring gains and losses[24](index=24&type=chunk) [Part III Management Discussion and Analysis](index=10&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Company's Main Businesses During the Reporting Period](index=10&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) As a comprehensive aviation technology service provider, the company's businesses span high-end core equipment R&D and support, aviation engineering technology and services, low-altitude economy technology R&D and application, and high-performance integrated circuit design and manufacturing, aligning strategically with national industrial development and holding a leading position in each field [Industry Overview and Position](index=10&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5%E5%8F%8A%E8%A1%8C%E4%B8%9A%E5%9C%B0%E4%BD%8D) The company's business aligns with national strategic emerging industries, holding a leading position in high-end core equipment R&D, aviation engineering services, low-altitude economy, and high-performance integrated circuit design and manufacturing, facing significant development opportunities - The company's strategy aligns closely with national efforts to vigorously develop strategic emerging industries such as aerospace and low-altitude economy, presenting immense development opportunities[26](index=26&type=chunk) - In high-end core equipment R&D and support, the company is a national ministry-designated maintenance and support base for small and medium-sized aero-engines, capable of R&D and manufacturing products like flight simulators and oxygen systems[27](index=27&type=chunk) - In aviation engineering technology and services, the company is China's largest private enterprise for aviation component repair, aircraft overhaul, and passenger-to-freighter conversions, and the largest third-party flight training institution in the Asia-Pacific region[30](index=30&type=chunk) - In low-altitude economy technology R&D and application, the company is a pioneer in promoting the commercialization of China's low-altitude economy, having established a full-chain capability from "technology-product-service" and strategically invested in the industrial UAV leader "AOSSCI"[31](index=31&type=chunk)[32](index=32&type=chunk) - In high-performance integrated circuit design and manufacturing, the associated company Huaxin Technology has built the first 6-inch compound semiconductor production line in China, achieving domestic leading performance in 5G base station power amplifier chips, GaN fast charging chips, and SiC charging pile chips[33](index=33&type=chunk) [Company's Main Business Operations](index=12&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1) The company's main businesses are segmented into high-end core equipment R&D and support, aviation engineering technology and services, low-altitude economy technology R&D and application, and high-performance integrated circuit design and manufacturing - High-end core equipment R&D and support business includes D-level full-flight simulators, domestic commercial aircraft cabin oxygen systems, pilot oxygen systems, major aero-engine components, electromechanical integration systems, aero-engine automatic control systems, aviation instrument R&D and manufacturing, and aero-engine maintenance support[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk) - Aviation engineering technology and services business covers aircraft remanufacturing (B737NG and A321 passenger-to-freighter conversion), aircraft overhaul (civil transport aircraft, business jets), flight training (largest third-party institution in Asia-Pacific), aircraft dismantling, aviation component repair, aviation testing equipment manufacturing, ground support tooling R&D and manufacturing, and full aircraft painting[37](index=37&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk)[40](index=40&type=chunk)[41](index=41&type=chunk)[43](index=43&type=chunk) - Low-altitude economy technology R&D and application business includes eVTOL simulators and related simulation solutions, low-altitude system R&D (such as 600 kW turboshaft UAV engine control systems, UAV rescue systems), and strategic investment in "AOSSCI"[44](index=44&type=chunk) - High-performance second/third-generation integrated circuit design and manufacturing business is managed by associated company Huaxin Technology, which operates the first 6-inch compound semiconductor production line in China, with products applied in 5G communication, new energy vehicles, and photovoltaics[45](index=45&type=chunk) [Company's Business Model](index=15&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E5%85%AC%E5%8F%B8%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F) Adhering to a "customer-centric, market-oriented" philosophy, the company monetizes its four major business segments by providing products, technical services, training, aviation finance, and chip manufacturing - High-end core equipment R&D and support business generates revenue through providing products, technology, and scientific research project services[48](index=48&type=chunk) - Aviation engineering technology and services business generates revenue through providing comprehensive one-stop aviation engineering technology and services, pilot and cabin crew training services, and aircraft asset management services[49](index=49&type=chunk) - Low-altitude economy technology R&D and application business generates revenue through providing standardized and customized products, technology, and services[50](index=50&type=chunk) - High-performance integrated circuit design and manufacturing business generates revenue by providing second and third-generation compound semiconductor chip manufacturing for customers[52](index=52&type=chunk) [Core Competitiveness Analysis](index=17&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's core competitiveness stems from strong R&D advantages, significant scale and resource advantages, precise industry development insights, robust management and team, and the "Made in China, Created by Haite" brand influence [Core Technology R&D Advantages](index=17&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%A0%B8%E5%BF%83%E6%8A%80%E6%9C%AF%E7%A0%94%E5%8F%91%E4%BC%98%E5%8A%BF) The company boasts national-level technical centers and key laboratories, leading in aviation engine control, rescue hoists, oxygen systems, D-level full-flight simulators, eVTOL simulators, and passenger-to-freighter conversion technologies, filling domestic gaps, with 955 patent applications and sustained high R&D investment - The company is a "National Enterprise Technology Center," possesses the Sichuan Provincial Key Laboratory for Advanced Aero-Engine Control Technology, and has been selected as a "National Technology Innovation Demonstration Enterprise" by the Ministry of Industry and Information Technology[53](index=53&type=chunk) - Self-developed multi-model aero-engine electronic controllers, helicopter electric rescue hoists, oxygen systems, and other products fill domestic gaps and have achieved mass production and delivery[54](index=54&type=chunk) - The company possesses R&D technological advantages in D-level full-flight simulators, successfully developing and delivering the first domestic A320CEO/NEO and B737NG, B737MAX D-level full-flight simulators, and the first domestic eVTOL simulator[55](index=55&type=chunk)[56](index=56&type=chunk) - Associated company Huaxin Technology has achieved technological breakthroughs in GaN, GaAs, and SiC chip manufacturing, with a leading number of patents in China[57](index=57&type=chunk) - As of now, the company has applied for a total of **955 patents**, including **334 invention patents** and **602 utility model patents**, with **699 valid authorized patents** obtained[57](index=57&type=chunk) [Scale and Resource Advantages](index=18&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E8%A7%84%E6%A8%A1%E5%92%8C%E8%B5%84%E6%BA%90%E4%BC%98%E5%8A%BF) The company has rich project reserves and batch product deliveries in high-end core equipment R&D and support; multiple maintenance bases and Asia-Pacific's largest third-party flight training institution in aviation engineering technology and services; and strategic partnerships with leading eVTOL manufacturers in the low-altitude economy, indicating vast market potential - In the high-end core equipment R&D and support sector, the company has rich project reserves, mature and stable product technology, and is in the stage of batch production and delivery[58](index=58&type=chunk) - In the aviation engineering technology and services sector, the company has maintenance bases in Beijing, Chengdu, Tianjin, Guiyang, and other locations, having established one-stop services for trunk aircraft overhaul, modification, and passenger-to-freighter conversion in Tianjin, and operates five major training bases, making it the largest third-party flight training institution in the Asia-Pacific region[60](index=60&type=chunk) - The company has established strategic partnerships with leading eVTOL manufacturers, and it is projected that China's low-altitude economy market size will reach **CNY 2.9 trillion by 2030** and potentially exceed **CNY 6 trillion by 2035**, generating a demand for over **15,000 eVTOL pilot training**[61](index=61&type=chunk) [Precise Grasp of Industry Development Advantages](index=19&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E7%B2%BE%E5%87%86%E6%8A%8A%E6%8F%A1%E4%BA%A7%E4%B8%9A%E5%8F%91%E5%B1%95%E4%BC%98%E5%8A%BF) Leveraging over 30 years of technical and market experience, the company holds a significant position across various aviation sectors, fostering extensive collaborations with upstream and downstream partners, accurately understanding customer needs and industry trends, actively participating in industry standard setting, and strategically investing in forward-looking areas like aerospace and low-altitude economy - The company holds an important position in high-end core equipment R&D and support, aviation engineering technology and services, and low-altitude economy technology R&D and application, having established extensive business collaborations with upstream and downstream enterprises[62](index=62&type=chunk) - The company closely follows industry development trends, conducts forward-looking industry development research, strategically positions itself in aerospace and low-altitude economy, and has participated in the formulation of numerous industry standards[62](index=62&type=chunk) [Management and Team Advantages](index=19&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%E7%AE%A1%E7%90%86%E5%8F%8A%E5%9B%A2%E9%98%9F%E4%BC%98%E5%8A%BF) The company has established a "customer-centric, value-creator-oriented" corporate culture, featuring a robust control system and a well-structured core management team, complemented by multi-level incentive and talent development mechanisms to foster a positive corporate culture, enhance operational efficiency, and strengthen market competitiveness - The company has established corporate values centered on "customer-centricity and value creation through hard work," and has built a comprehensive control system[63](index=63&type=chunk) - The company's core management team is rationally structured, covering all aspects of operations management, technology R&D, and marketing, ensuring scientific and effective decision-making[64](index=64&type=chunk) - The company has established multi-level, comprehensive incentive mechanisms and a complete talent development system, fostering a vibrant corporate culture[64](index=64&type=chunk) [Brand Advantages](index=20&type=section&id=%EF%BC%88%E4%BA%94%EF%BC%89%E5%93%81%E7%89%8C%E4%BC%98%E5%8A%BF) The company continuously builds its "Made in China, Created by Haite" core brand influence, with its subsidiaries enjoying strong reputations in flight training, core equipment, passenger-to-freighter conversions, simulation products, and business jet services, steadily expanding its brand reach - The company continuously builds its core brand influence of "Made in China, Created by Haite," enjoying a renowned reputation in the aviation sector[65](index=65&type=chunk) - Its subsidiary "Haite Feian" is the most influential third-party flight training service provider in the Asia-Pacific region, while "Yamei Power" is a strong brand in high-end core equipment R&D and support[65](index=65&type=chunk) - "Tianjin Aircraft Engineering" leads in aircraft passenger-to-freighter conversions domestically and enjoys international renown; "Anshun" provides high-end simulation products such as D-level full-flight simulators and eVTOL simulators[65](index=65&type=chunk) [Main Business Analysis](index=20&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) During the reporting period, the company's operating revenue increased by 14.08% to CNY 705.05 million, and net profit attributable to parent company increased by 35.31% to CNY 63.70 million, with significant growth in high-end core equipment R&D and support, and aviation engineering technology and services, driven by increased customer collections Key Financial Data Year-on-Year Changes | Indicator | Current Period (CNY) | Prior Year (CNY) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 705,053,189.98 | 618,016,380.14 | 14.08% | | | Operating Cost | 457,659,000.60 | 406,283,422.06 | 12.65% | | | Selling Expenses | 12,905,377.73 | 10,145,776.83 | 27.20% | | | Administrative Expenses | 81,718,630.72 | 77,633,685.91 | 5.26% | | | Financial Expenses | 32,036,588.53 | 44,228,636.34 | -27.57% | | | Income Tax Expense | 24,724,649.61 | 20,715,857.60 | 19.35% | | | R&D Investment | 25,404,145.90 | 25,536,529.80 | -0.52% | | | Net Cash Flow from Operating Activities | 259,029,496.64 | 117,492,103.73 | 120.47% | Primarily due to increased customer collections in the current period compared to the prior year | | Net Cash Flow from Investing Activities | 30,348,389.08 | 65,359,759.67 | -53.57% | Primarily due to a decrease in net inflow from purchasing and redeeming structured deposits in the current period compared to the prior year | | Net Cash Flow from Financing Activities | -268,265,430.72 | -139,769,974.76 | -91.93% | Primarily due to a decrease in net inflow from bank borrowings in the current period compared to the prior year | | Net Increase in Cash and Cash Equivalents | 18,780,992.79 | 43,842,895.09 | -57.16% | | Operating Revenue Composition (by Industry) | Segment | Current Period Amount (CNY) | % of Operating Revenue | Prior Year Amount (CNY) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | High-end Core Equipment R&D and Support | 181,809,371.28 | 25.79% | 125,503,838.54 | 20.31% | 44.86% | | Aviation Engineering Technology and Services | 491,138,645.54 | 69.66% | 462,505,138.96 | 74.84% | 6.19% | | Other Businesses | 32,105,173.16 | 4.55% | 30,007,402.64 | 4.85% | 6.99% | | **Total Operating Revenue** | **705,053,189.98** | **100%** | **618,016,380.14** | **100%** | **14.08%** | Operating Revenue Composition (by Region) | Region | Current Period Amount (CNY) | % of Operating Revenue | Prior Year Amount (CNY) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Domestic | 608,752,471.88 | 86.34% | 508,437,445.43 | 82.27% | 19.73% | | Overseas | 96,300,718.10 | 13.66% | 109,578,934.71 | 17.73% | -12.12% | - During the reporting period, the company's R&D and manufacturing capabilities in engine control, rescue and life support, environmental control, and integrated protection continued to expand, with products developing into a series, and multiple models completing review and appraisal for batch delivery[66](index=66&type=chunk) - Significant achievements were made in aero-engine component R&D, with mass application in model maintenance, resolving key issues of supply chain localization, and a substantial increase in annual delivery volume[67](index=67&type=chunk) [Non-Core Business Analysis](index=22&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-core businesses negatively impacted total profit during the reporting period, mainly due to negative investment income and asset impairment, while fair value change gains were positive Non-Core Business Gains and Losses | Item | Amount (CNY) | % of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | -10,644,889.63 | -12.08% | Primarily due to changes in investment income from long-term equity investments accounted for using the equity method | No | | Fair Value Change Gains/Losses | 6,152,200.20 | 6.98% | Primarily due to fair value changes in held Guiyang Bank shares | No | | Asset Impairment | -7,771,044.38 | -8.82% | Primarily due to provision for inventory depreciation | No | | Non-Operating Income | 1,571,565.59 | 1.78% | | No | | Non-Operating Expenses | 167,261.60 | 0.19% | | No | [Asset and Liability Status Analysis](index=22&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) At the end of the reporting period, the company's total assets slightly decreased, while net assets attributable to shareholders increased, with changes in inventory, fixed assets, construction in progress, and long-term borrowings, and overseas assets primarily in Singapore AST and Huaxin Leasing Ireland Significant Changes in Asset Composition | Item | Current Period-End (CNY) | % of Total Assets | Prior Year-End (CNY) | % of Total Assets | % Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 480,277,673.03 | 6.81% | 463,855,109.60 | 6.54% | 0.27% | | | Accounts Receivable | 653,823,852.72 | 9.27% | 695,483,191.70 | 9.81% | -0.54% | | | Inventories | 574,653,410.60 | 8.15% | 478,761,704.64 | 6.75% | 1.40% | Primarily due to an increase in work-in-progress from a simulator sales contract signed with a customer in the current period | | Investment Properties | 247,393,584.75 | 3.51% | 251,115,470.49 | 3.54% | -0.03% | | | Long-Term Equity Investments | 1,356,512,019.45 | 19.23% | 1,371,990,220.26 | 19.35% | -0.12% | | | Fixed Assets | 2,621,290,442.88 | 37.16% | 2,589,542,021.89 | 36.52% | 0.64% | Primarily due to the third-phase maintenance base construction project reaching its intended usable state and being transferred to fixed assets in the current period | | Construction in Progress | 5,104,113.09 | 0.07% | 114,798,054.25 | 1.62% | -1.55% | Primarily due to the third-phase maintenance base construction project reaching its intended usable state and being transferred to fixed assets in the current period | | Right-of-Use Assets | 96,969,094.77 | 1.37% | 104,232,258.58 | 1.47% | -0.10% | | | Short-Term Borrowings | 50,032,222.22 | 0.71% | 60,050,722.22 | 0.85% | -0.14% | | | Contract Liabilities | 149,166,968.51 | 2.11% | 148,704,701.74 | 2.10% | 0.01% | | | Long-Term Borrowings | 766,110,018.09 | 10.86% | 1,163,734,114.01 | 16.41% | -5.55% | Primarily due to repayment of long-term bank borrowings in the current period | | Lease Liabilities | 83,152,526.59 | 1.18% | 83,150,075.30 | 1.17% | 0.01% | | Major Overseas Assets | Specific Asset Content | Reason for Formation | Asset Scale (CNY 10,000) | Location | Operating Model | Control Measures to Ensure Asset Safety | Profit/Loss (CNY 10,000) | % of Overseas Assets to Company Net Assets | Major Impairment Risk | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Singapore AST | Investment Establishment | 39,929 | Singapore | Provides training and safety training services for pilots, cabin crew, and other aviation personnel using aircraft simulators, charging service fees | Purchase sufficient property insurance; safeguard asset rights through the Cape Town Convention | -1,476.91 | 9.20% | No | | Huaxin Leasing Ireland | Investment Establishment | 27,304 | Ireland | Collects rent by leasing aircraft assets | Safeguard asset rights through the Cape Town Convention; lessee purchases sufficient property insurance; signs relevant airframe and engine warranty agreements with manufacturers; collects overhaul reserves monthly from lessee; has collected lease security deposits | 329.78 | 6.29% | No | Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (CNY) | Fair Value Change Gains/Losses for Current Period (CNY) | Cumulative Fair Value Changes Included in Equity (CNY) | Period-End Balance (CNY) | | :--- | :--- | :--- | :--- | :--- | | **Subtotal of Financial Assets** | **382,368,644.23** | **6,152,200.20** | **131,629,328.93** | **388,520,844.43** | | 1. Trading Financial Assets (excluding derivative financial assets) | 168,918,573.10 | 6,152,200.20 | 131,629,328.93 | 175,070,773.30 | | 5. Other Non-Current Financial Assets | 213,450,071.13 | | | 213,450,071.13 | | **Financial Liabilities** | **0.00** | | | **0.00** | Restricted Asset Rights | Item | Book Value as of H1 2025 (CNY) | Type of Restriction | | :--- | :--- | :--- | | Cash and Bank Balances | 5,878,122.39 | Margin Deposit | | Accounts Receivable | 666,741.02 | Pledged for Bank Loan | | Investment Properties | 75,170,518.03 | Mortgaged for Bank Loan | | Fixed Assets | 1,005,617,548.98 | Mortgaged for Bank Loan | | Intangible Assets | 41,336,933.79 | Mortgaged for Bank Loan | | **Total** | **1,128,669,864.21** | - | [Investment Status Analysis](index=25&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) During the reporting period, the company had no significant equity investments, non-equity investments, securities investments, derivative investments, or use of raised funds - The company reported no securities investments, derivative investments, or use of raised funds during the reporting period[84](index=84&type=chunk)[85](index=85&type=chunk)[86](index=86&type=chunk) [Significant Asset and Equity Sales](index=25&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) During the reporting period, the company did not sell any significant assets or equity - The company did not sell any significant assets or equity during the reporting period[87](index=87&type=chunk)[88](index=88&type=chunk) [Analysis of Major Holding and Participating Companies](index=25&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) This section lists the financial data of the company's major holding subsidiaries and participating companies with a net profit impact exceeding 10%, including subsidiaries like Autt Accessories, Yamei Power, and Huaxin Leasing Tianjin, as well as the participating company Huaxin Technology, with the company also investing in and establishing Haite Tengyun during the reporting period Major Holding and Participating Company Information | Company Name | Company Type | Main Business | Registered Capital (CNY) | Total Assets (CNY) | Net Assets (CNY) | Operating Revenue (CNY) | Operating Profit (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Autt Accessories (Consolidated) | Subsidiary | Aviation maintenance, testing | 137,720,000.00 | 369,969,491.14 | 265,323,928.99 | 66,251,419.11 | 14,203,968.53 | 12,619,764.87 | | Tianjin Feian | Subsidiary | Aviation training | 400,000,000.00 | 410,017,065.06 | 388,912,419.64 | 7,601,111.72 | -8,720,738.88 | -9,048,617.12 | | Yamei Power (Consolidated) | Subsidiary | Testing, calibration, development, repair of aviation power equipment and related aviation technical services | 310,815,700.00 | 1,025,291,282.72 | 539,988,696.32 | 178,070,395.74 | 47,135,780.48 | 40,517,349.77 | | Kunming Feian (Consolidated) | Subsidiary | Aviation training | 347,252,500.00 | 546,664,730.03 | 398,602,630.40 | 66,079,362.98 | 9,335,643.68 | 7,790,306.62 | | Singapore AST | Subsidiary | Aviation training | SGD 91.40 million | 399,292,688.17 | 294,498,013.50 | 15,211,204.81 | -14,882,015.89 | -14,769,084.38 | | Huaxin Leasing Tianjin (Consolidated) | Subsidiary | Aviation leasing | 300,000,000.00 | 1,855,378,489.62 | 446,035,746.79 | 81,799,284.67 | 35,351,912.27 | 26,583,408.35 | | Haite High-Tech (Shanghai) | Subsidiary | Aviation maintenance communication equipment, electronic equipment and products, electrical | 60,000,000.00 | 90,260,318.13 | 20,837,396.14 | 102,278,499.29 | 24,255,914.56 | 19,375,928.10 | | Huaxin Technology | Associate | Electronic chip design, production, sales, and technical consulting services | 1,957,788,600.00 | 2,571,953,760.11 | 2,211,107,763.99 | 80,424,102.04 | -41,560,343.98 | -41,617,084.50 | - During the reporting period, the company invested in and established Haite Tengyun, which did not generate operating profit or loss[90](index=90&type=chunk) [Structured Entities Controlled by the Company](index=26&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) During the reporting period, the company had no controlled structured entities - The company reported no controlled structured entities during the reporting period[91](index=91&type=chunk) [Risks Faced by the Company and Countermeasures](index=27&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 market competition, rapid aviation technology updates, expanding management scale, and long investment cycles, which it addresses through strategic adjustments, continuous R&D, strengthened management, internal controls, and cost discipline - **Market Risk**: Intensified competition in the aviation industry; the company will adjust its development plan, continuously innovate in technology R&D, and explore new growth points[92](index=92&type=chunk) - **Technology Risk**: Shortened update cycles for new aviation technologies; the company will strengthen technical team management, enhance employee innovation awareness, and consolidate its technological leadership[92](index=92&type=chunk) - **Management Risk**: Expanding asset and operational scale brings management challenges; the company will improve management team capabilities, strengthen internal control systems, and enhance market response speed[92](index=92&type=chunk) - **Industry Risk**: The aviation industry is technology and capital-intensive with long investment cycles; the company will refine its strategic planning, anticipate industry risks, strengthen project management, improve capital efficiency, and strictly control project costs[92](index=92&type=chunk) [Implementation of Market Value Management System and Valuation Enhancement Plan](index=27&type=section&id=%E5%8D%81%E4%B8%80%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 has not disclosed a market value management system or a valuation enhancement plan - The company has not formulated a market value management system nor disclosed a valuation enhancement plan[93](index=93&type=chunk) [Implementation of "Quality and Return Dual Improvement" Action Plan](index=27&type=section&id=%E5%8D%81%E4%BA%8C%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 has not disclosed an announcement regarding the "Quality and Return Dual Improvement" action plan - The company has not disclosed an announcement regarding the "Quality and Return Dual Improvement" action plan[93](index=93&type=chunk) [Part IV Corporate Governance, Environment, and Society](index=27&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [Changes in Directors, Supervisors, and Senior Management](index=27&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, the company's board of directors and senior management underwent multiple changes due to re-election, with new appointments for Chairman, Vice Chairman, and Board Secretary, while former members departed due to term expiration and the Board of Supervisors was abolished Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Deng Zhenrong | Chairman | Elected | May 16, 2025 | Re-election | | Tan Jianguo | Vice Chairman | Elected | May 16, 2025 | Re-election | | Zheng Dehua | Director | Elected | May 16, 2025 | Re-election | | Tang Jishun | Director | Elected | May 16, 2025 | Re-election | | Zhang Hongzhi | Deputy General Manager | Appointed | May 16, 2025 | Re-election | | Deng Yuanyuan | Deputy General Manager | Appointed | May 16, 2025 | Re-election | | Zhang Chen | Board Secretary | Appointed | May 16, 2025 | Re-election | | Wan Tao | Chairman | Term Expired | May 16, 2025 | Re-election | | Yang Hongying | Vice Chairman | Term Expired | May 16, 2025 | Re-election | | Zhang Peiping | Director, Deputy General Manager | Term Expired | May 16, 2025 | Re-election | | Zheng Dehua | Supervisor | Term Expired | May 16, 2025 | Abolition of Board of Supervisors | | Long Zhiyun | Supervisor | Term Expired | May 16, 2025 | Abolition of Board of Supervisors | | Zhang Qian | Supervisor | Term Expired | May 16, 2025 | Abolition of Board of Supervisors | | Zhang Longyong | Board Secretary | Term Expired | May 16, 2025 | Re-election | | Zeng Yi | Deputy General Manager | Term Expired | May 16, 2025 | Re-election | [Profit Distribution and Capital Reserve Conversion to Share Capital in This Reporting Period](index=28&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 not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the 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[96](index=96&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=28&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) During the reporting period, the company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures, nor their implementation - The company reported no equity incentive plans, employee stock ownership plans, or other employee incentive measures, nor their implementation during the reporting period[97](index=97&type=chunk) [Environmental Information Disclosure](index=28&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 subsidiary, Tianjin Haite Aircraft Engineering Co., Ltd., are included in the list of enterprises required to disclose environmental information, and their environmental information disclosure reports are available on Juchao Information Network - The company and its major subsidiary, Tianjin Haite Aircraft Engineering Co., Ltd., are included in the list of enterprises required to disclose environmental information by law[98](index=98&type=chunk) - Tianjin Haite Aircraft Engineering Co., Ltd.'s environmental information disclosure report is available on Juchao Information Network[98](index=98&type=chunk) [Social Responsibility](index=28&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) Adhering to its core values of "customer-centricity and value creation through hard work," the company actively fulfills its social responsibilities, committed to protecting stakeholder rights, prioritizing environmental protection and sustainable development, and actively participating in social welfare initiatives - The company, with "information disclosure" at its core, strictly fulfills its information disclosure obligations, improves information disclosure quality, and establishes diversified investor communication channels to protect the rights and interests of shareholders and creditors[99](index=99&type=chunk) - The company adheres to honest operation, is committed to providing high-quality products and services to customers, and builds harmonious cooperative relationships with suppliers and customers by establishing supplier and customer archives to improve work efficiency[100](index=100&type=chunk) - The company prioritizes employee rights protection, strictly complies with labor laws, pays "five insurances and one housing fund" for employees, establishes a labor union, and implements systematic human resource management and talent development mechanisms[100](index=100&type=chunk) - The company highly values environmental protection, complies with the requirements of the "Environmental Protection Law," plans scientifically to minimize the environmental impact of its production and operations, and actively participates in social welfare activities[101](index=101&type=chunk) [Part V Significant Matters](index=30&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Commitments](index=30&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%9F%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) During the reporting period, the company had no unfulfilled or overdue commitments from its actual controller, shareholders, related parties, acquirers, or the company itself - The company reported no commitments from related parties that were fulfilled or overdue during the reporting period[103](index=103&type=chunk) [Non-Operating Funds Occupied](index=30&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) During the reporting period, there were no instances of non-operating funds being occupied by controlling shareholders or other related parties of the listed company - The company reported no non-operating funds occupied by controlling shareholders or other related parties during the reporting period[104](index=104&type=chunk) [Irregular External Guarantees](index=30&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) During the reporting period, the company had no irregular external guarantees - The company reported no irregular external guarantees during the reporting period[105](index=105&type=chunk) [Appointment and Dismissal of Accounting Firms](index=30&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[106](index=106&type=chunk) [Board of Directors' and Board of Supervisors' Explanations on "Non-Standard Audit Report" for This Period](index=30&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%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) During the reporting period, the company had no non-standard audit reports - The company reported no non-standard audit reports during the reporting period[107](index=107&type=chunk) [Board of Directors' Explanations on "Non-Standard Audit Report" for the Previous Year](index=30&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) During the reporting period, the company had no non-standard audit reports for the previous year - The company reported no non-standard audit reports for the previous year during the reporting period[107](index=107&type=chunk) [Bankruptcy and Reorganization Matters](index=30&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) During the reporting period, the company had no bankruptcy or reorganization related matters - The company reported no bankruptcy or reorganization matters during the reporting period[107](index=107&type=chunk) [Litigation Matters](index=30&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) During the reporting period, the company had 7 ongoing litigation and arbitration matters that did not meet the disclosure threshold for significant litigation, with a total amount involved of CNY 64.9448 million, currently in the filing or trial stage Significant Litigation and Arbitration Matters | Litigation (Arbitration) Basic Information | Amount Involved (CNY 10,000) | Provision for Estimated Liabilities | Litigation (Arbitration) Progress | Litigation (Arbitration) Outcome and Impact | Litigation (Arbitration) Judgment Execution Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Total of 7 other ongoing litigation and arbitration matters not meeting the disclosure threshold for significant litigation | 6,494.48 | No | Filing or trial stage | Under review | Not applicable | [Penalties and Rectification](index=31&type=section&id=%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) During the reporting period, the company had no penalties or rectification situations - The company reported no penalties or rectification situations during the reporting period[109](index=109&type=chunk) [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=31&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) During the reporting period, there were no issues regarding the integrity status of the company, its controlling shareholder, or actual controller - The company reported no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period[110](index=110&type=chunk) [Significant Related Party Transactions](index=31&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) During the reporting period, the company had no related party transactions related to daily operations, asset/equity acquisitions/disposals, joint external investments, non-operating related party receivables/payables, or financial business with related financial companies - The company reported no related party transactions related to daily operations, asset or equity acquisitions/disposals, or joint external investments during the reporting period[111](index=111&type=chunk)[112](index=112&type=chunk) - The company reported no non-operating related party receivables or payables during the reporting period[113](index=113&type=chunk) - The company and its related financial companies, as well as financial companies controlled by the company, had no deposits, loans, credit lines, or other financial business with related parties[114](index=114&type=chunk)[115](index=115&type=chunk) [Significant Contracts and Their Performance](index=32&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) During the reporting period, the company had no entrustment or contracting situations; its sub-subsidiaries leased multiple aircraft for operation, with Airbus A330 leasing generating CNY 13.2621 million in revenue; the company provided significant guarantees for its subsidiaries, totaling 14.09% of net assets; and entrusted wealth management amounted to CNY 150 million, with a zero balance at period-end - The company reported no entrustment or contracting situations during the reporting period[117](index=117&type=chunk)[118](index=118&type=chunk) - The company's sub-subsidiaries, Huaxin Leasing Ireland (SPV), Tianjin Huaxin No. 1, Tianjin Huaxin No. 2, Tianjin Huaxin Jiutian, and Tianjin Huaxin Shinian, leased multiple Boeing 737 and Airbus A330 aircraft for operation[119](index=119&type=chunk)[120](index=120&type=chunk) Leasing Projects Generating Over 10% of Company's Total Profit for the Reporting Period | Lessor Name | Lessee Name | Leased Asset Details | Lease Start Date | Lease End Date | Lease Income (CNY 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Huaxin No. 2 | Air China Limited | Airbus A330 | April 3, 2019 | October 24, 2026 | 1,326.21 | - The company and its subsidiaries had no external guarantees (excluding guarantees for subsidiaries)[123](index=123&type=chunk) - The company's total guarantees for its subsidiaries amounted to **CNY 612.4861 million**, representing **14.09%** of the company's net assets[126](index=126&type=chunk) - The loan guarantees for the company's subsidiaries Singapore AST, Huaxin No. 1, and Huaxin No. 2 are composite guarantees, including company guarantees and asset mortgages[127](index=127&type=chunk)[128](index=128&type=chunk) Entrusted Wealth Management | Specific Type | Source of Entrusted Funds | Amount of Entrusted Wealth Management (CNY 10,000) | Unmatured Balance (CNY 10,000) | Overdue Unrecovered Amount (CNY 10,000) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 15,000 | 0 | 0 | | **Total** | | **15,000** | **0** | **0** | - The company reported no other significant contracts during the reporting period[133](index=133&type=chunk) [Explanation of Other Significant Matters](index=39&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) During the reporting period, the company had no other significant matters requiring explanation - The company reported no other significant matters requiring explanation during the reporting period[134](index=134&type=chunk) [Significant Matters of Company Subsidiaries](index=39&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) During the reporting period, the company had no significant matters concerning its subsidiaries - The company reported no significant matters concerning its subsidiaries during the reporting period[135](index=135&type=chunk) [Part VI Share Changes and Shareholder Information](index=40&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Share Change Status](index=40&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) During the reporting period, the company's total share capital remained unchanged, with 740,860,235 unrestricted shares, accounting for 100%, and cumulatively repurchased 987,800 shares for CNY 9.9996 million as of June 30, 2025 Share Change Status | | Number of Shares Before This Change (shares) | Proportion Before This Change | Net Increase/Decrease in This Change (shares) | Number of Shares After This Change (shares) | Proportion After This Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | | | | | | | II. Unrestricted Shares | 740,860,235 | 100.00% | 0 | 740,860,235 | 100.00% | | III. Total Shares | 740,860,235 | 100.00% | 0 | 740,860,235 | 100.00% | - As of June 30, 2025, the company had cumulatively repurchased **987,800 shares**, representing **0.13%** of the company's current total share capital, with a total transaction amount of **CNY 9,999,623.00**[139](index=139&type=chunk) [Securities Issuance and Listing](index=41&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) During the reporting period, the company had no securities issuance or listing activities - The company reported no securities issuance or listing activities during the reporting period[140](index=140&type=chunk) [Shareholder Numbers and Shareholding](index=41&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) At the end of the reporting period, the total number of common shareholders was 96,401, with Li Biao holding 13.16% and Qingdao Jinshui Haite Investment Co., Ltd. holding 8.57% among the top ten, and some shareholders holding shares through credit securities accounts - The total number of common shareholders at the end of the reporting period was **96,401**[141](index=141&type=chunk) Shareholding of Shareholders Holding 5% or More, or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at Period-End (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Li Biao | Domestic Natural Person | 13.16% | 97,510,581 | 97,510,581 | | Qingdao Jinshui Haite Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 8.57% | 63,456,100 | 63,456,100 | | LI ZAICHUN | Overseas Natural Person | 1.83% | 13,547,300 | 13,547,300 | | Chen Kechun | Domestic Natural Person | 1.13% | 8,350,000 | 8,350,000 | | China Great Wall Asset Management Co., Ltd. | State-Owned Legal Person | 0.75% | 5,586,003 | 5,586,003 | | China Merchants Bank Co., Ltd. - Southern CSI 1000 ETF | Other | 0.74% | 5,470,000 | 5,470,000 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 0.71% | 5,241,771 | 5,241,771 | | Cao Xianrun | Domestic Natural Person | 0.67% | 4,960,656 | 4,960,656 | | Liang Yong | Domestic Natural Person | 0.49% | 3,665,980 | 3,665,980 | | China Merchants Bank Co., Ltd. - ChinaAMC CSI 1000 ETF | Other | 0.44% | 3,230,050 | 3,230,050 | - Mr. Li Biao is the son of Mr. LI ZAICHUN; the company is unaware of any other related party relationships or concerted actions among other shareholders[142](index=142&type=chunk) - Shareholder Chen Kechun holds **8,350,000 shares**, of which **8,350,000 shares** are held through a credit securities account; shareholder Cao Xianrun holds **4,960,656 shares**, of which **2,927,700 shares** are held through a credit securities account[143](index=143&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=43&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) During the reporting period, there were no changes in the shareholdings of the company's directors and senior management, as detailed in the 2024 annual report - The company's directors and senior management reported no changes in shareholdings during the reporting period, as detailed in the 2024 annual report[144](index=144&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=43&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) During the reporting period, there were no changes in the company's controlling shareholder or actual controller - The company reported no changes in its controlling shareholder or actual controller during the reporting period[145](index=145&type=chunk) [Preferred Share Information](index=44&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) During the reporting period, the company had no preferred shares - The company reported no preferred shares during the reporting period[146](index=146&type=chunk) [Part VII Bond Information](index=45&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) During the reporting period, the company had no bond-related matters - The company reported no bond-related matters during the reporting period[148](index=148&type=chunk) [Part VIII Financial Report](index=46&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=46&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[150](index=150&type=chunk) [Financial Statements](index=46&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025, comprehensively presenting the company's financial position, operating results, and cash flow [Consolidated Balance Sheet](index=46&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the company's consolidated total assets were CNY 7.055 billion, total liabilities CNY 2.716 billion, and owners' equity attributable to the parent company CNY 4.346 billion, with current assets at CNY 1.994 billion and non-current assets at CNY 5.061 billion Consolidated Balance Sheet Key Data (Period-End Balance) | Item | Period-End Balance (CNY) | | :--- | :--- | | **Total Assets** | **7,054,785,866.99** | | Total Current Assets | 1,994,006,390.81 | | Total Non-Current Assets | 5,060,779,476.18 | | **Total Liabilities** | **2,715,835,394.02** | | Total Current Liabilities | 1,777,059,714.48 | | Total Non-Current Liabilities | 938,775,679.54 | | **Total Owners' Equity** | **4,338,950,472.97** | | Total Owners' Equity Attributable to Parent Company | 4,346,384,446.41 | | Minority Interests | -7,433,973.44 | [Parent Company Balance Sheet](index=48&type=section&id=2%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the parent company's total assets were CNY 5.014 billion, total liabilities CNY 1.516 billion, and total owners' equity CNY 3.498 billion, with current assets at CNY 1.009 billion and non-current assets at CNY 4.005 billion Parent Company Balance Sheet Key Data (Period-End Balance) | Item | Period-End Balance (CNY) | | :--- | :--- | | **Total Assets** | **5,013,754,281.76** | | Total Current Assets | 1,008,736,040.09 | | Total Non-Current Assets | 4,005,018,241.67 | | **Total Liabilities** | **1,515,812,960.25** | | Total Current Liabilities | 1,024,017,674.78 | | Total Non-Current Liabilities | 491,795,285.47 | | **Total Owners' Equity** | **3,497,941,321.51** | [Consolidated Income Statement](index=51&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, the company achieved total operating revenue of CNY 705.05 million, a 14.08% year-on-year increase; operating profit of CNY 86.6874 million, a 52.10% year-on-year increase; net profit of CNY 63.3671 million, a 73.64% year-on-year increase; and net profit attributable to parent company shareholders of CNY 63.7041 million, a 35.31% year-on-year increase Consolidated Income Statement Key Data (H1 2025) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 705,053,189.98 | 618,016,380.14 | | II. Total Operating Costs | 615,923,177.77 | 567,111,456.41 | | III. Operating Profit | 86,687,406.39 | 56,993,426.88 | | IV. Total Profit | 88,091,710.38 | 57,207,008.75 | | V. Net Profit | 63,367,060.77 | 36,491,151.15 | | Net Profit Attributable to Parent Company Shareholders | 63,704,068.86 | 47,079,457.35 | | Minority Interest Income/Loss | -337,008.09 | -10,588,306.20 | | VI. Net Other Comprehensive Income After Tax | 14,701,636.12 | 1,613,880.24 | | VII. Total Comprehensive Income | 78,068,696.89 | 38,105,031.39 | | VIII. Earnings Per Share (Basic/Diluted) | 0.0861 | 0.0635 | [Parent Company Income Statement](index=53&type=section&id=4%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, the parent company achieved operating revenue of CNY 54.1159 million, with a net loss of CNY 15.2514 million, a narrower loss year-on-year, and operating profit was -CNY 15.8119 million, with investment income at -CNY 10.8811 million Parent Company Income Statement Key Data (H1 2025) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | I. Operating Revenue | 54,115,946.09 | 45,361,521.45 | | II. Operating Profit | -15,811,875.68 | -18,099,462.72 | | III. Total Profit | -15,896,354.76 | -18,084,261.70 | | IV. Net Profit | -15,251,395.66 | -15,959,739.54 | | VI. Total Comprehensive Income | -15,251,395.66 | -15,959,739.54 | [Consolidated Cash Flow Statement](index=54&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, the company's net cash flow from operating activities was CNY 259.0295 million, a 120.47% year-on-year increase, primarily due to increased customer collections; net cash flow from investing activities was CNY 30.3484 million, a 53.57% year-on-year decrease; and net cash flow from financing activities was -CNY 268.2654 million, a 91.93% year-on-year decrease Consolidated Cash Flow Statement Key Data (H1 2025) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 259,029,496.64 | 117,492,103.73 | | Net Cash Flow from Investing Activities | 30,348,389.08 | 65,359,759.67 | | Net Cash Flow from Financing Activities | -268,265,430.72 | -139,769,974.76 | | Net Increase in Cash and Cash Equivalents | 18,780,992.79 | 43,842,895.09 | | Period-End Cash and Cash Equivalents Balance | 474,399,550.64 | 430,274,298.35 | [Parent Company Cash Flow Statement](index=56&type=section&id=6%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, the parent company's net cash flow from operating activities was -CNY 11.7351 million, from investing activities -CNY 5.3216 million, and from financing activities -CNY 2.8814 million, with a period-end cash and cash equivalents balance of CNY 214 million Parent Company Cash Flow Statement Key Data (H1 2025) | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -11,735,092.02 | -12,844,004.28 | | Net Cash Flow from Investing Activities | -5,321,553.77 | 118,714,069.82 | | Net Cash Flow from Financing Activities | -2,881,383.44 | 100,835,833.26 | | Net Increase in Cash and Cash Equivalents | -19,325,976.70 | 206,650,284.61 | | Period-End Cash and Cash Equivalents Balance | 213,793,953.55 | 262,202,270.71 | [Consolidated Statement of Changes in Owners' Equity](index=56&type=section&id=7%E3%80%81%E5%90%88%E5%B9%B6%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) For the first half of 2025, total consolidated owners' equity increased by CNY 68.0691 million, primarily due to an increase of CNY 78.4057 million in comprehensive income attributable to parent compa

优彩环保资源科技股份有限公司 2025 年半年度报告全文 优彩环保资源科技股份有限公司 2025 年半年度报告 2025-043 【2025 年 8 月 28 日】 1 优彩环保资源科技股份有限公司 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。 公司负责人戴泽新、主管会计工作负责人徐平及会计机构负责人(会计主 管人员)徐平声明：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。 本报告中涉及的公司发展战略和规划等前瞻性陈述，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。 公司经本次董事会审议通过的利润分配预案为：以实施分配方案股权登 记日的总股本为基数，向全体股东每 10 股派发现金红利 1.2 元（含税），送 红股 0 股（含税），不以公积金转增股本。 2 | . | > | 2 | | --- | --- | --- | | ...

金陵华软科技股份有限公司 2025 年半年度报告全文 金陵华软科技股份有限公司 2025 年半年度报告 2025 年 8 月 1 金陵华软科技股份有限公司 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。 公司负责人翟辉、主管会计工作负责人张林及会计机构负责人(会计主管 人员)刘斌声明：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、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性承诺，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。 公司在本报告第三节"管理层讨论与分析"之"十、公司面临的风险和 应对措施"部分，描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、目录和释义 | | 2 | | --- | --- | --- ...