Sou Hu Cai Jing·2026-03-06 02:08Group 1 - The Shanghai Stock Exchange has requested Zhenbao Technology to clarify the accuracy and reasonableness of its R&D personnel recognition, considering the high turnover of R&D staff, the proportion of low-tenure employees, and the significant auxiliary R&D content [2] - Zhenbao Technology specializes in providing manufacturing equipment components and surface treatment solutions for the integrated circuit and display panel industries, with main products including silicon, quartz, silicon carbide, and alumina ceramic components, as well as surface treatment services like thermal spraying regeneration, anodizing, and precision cleaning [4] - The company reported revenues of 386 million yuan, 506 million yuan, 635 million yuan, and 366 million yuan for the years 2022 to 2025, with net profits of 81.55 million yuan, 109 million yuan, 152 million yuan, and 85.18 million yuan respectively [4] Group 2 - As of June 30, 2025, Zhenbao Technology's total assets amounted to 1.39 billion yuan, with equity attributable to shareholders of 1.07 billion yuan, and a debt-to-asset ratio of 18.44% [5] - The company's operating revenue for the first half of 2025 was 366.37 million yuan, with a net profit of 85.18 million yuan, and a basic earnings per share of 0.73 yuan [5] - R&D investment accounted for 7.23% of operating revenue in 2025, reflecting an increase from 4.59% in 2022 [5]