Core Viewpoint - The company reported significant revenue and profit growth in H1 2025, driven by fair value gains and strategic investments in sensor technology, particularly in the robotics sector [1][2][3]. Financial Performance - In H1 2025, the company achieved revenue of 685 million yuan, a year-on-year increase of 23.40%, and a net profit attributable to shareholders of 173 million yuan, up 47.93% year-on-year [1]. - The company's Q2 2025 revenue was 370 million yuan, reflecting a year-on-year growth of 20.41%, with a net profit of 97 million yuan, an increase of 31.66% year-on-year [1]. - The gross margin for H1 2025 was 44.04%, up 0.61 percentage points year-on-year, while the net margin increased to 28.48%, up 4.93 percentage points year-on-year [3]. Strategic Initiatives - The company has made significant investments in nearly twenty types of sensors, focusing on force, touch, and IMU sensors, under the "sensor forest" strategy [2]. - Strategic investments in companies like Kepler and others aim to cover the entire robotics value chain, from the robot body to key sensing components [3]. - The company is advancing the development of MEMS silicon-based six-dimensional force/torque sensors, targeting miniaturization and integration of high-frequency response and embedded force control algorithms [3]. Research and Development - R&D expenses accounted for 9.37% of total revenue in H1 2025, reflecting a year-on-year increase of 0.72 percentage points, driven by increased investments in new subsidiaries and technology development [3]. - The company is collaborating with ecosystem partners to develop multimodal sensors, enhancing system-level solutions and added value through integrated sensing capabilities [3]. Profit Forecast and Valuation - The company maintains profit forecasts for 2025-2027 at 332 million, 370 million, and 432 million yuan, respectively [4]. - The target price for 2026 is set at 95.04 yuan, with a price-to-earnings ratio of 72x, reflecting the high market interest in the sensor industry and the company's rapid advancements in robotics [4].

Core Insights - The company reported a total revenue of 685 million yuan for the first half of 2025, representing a year-on-year increase of 23.4% [1] - The net profit attributable to shareholders reached 173 million yuan, up 47.93% year-on-year [1] - The gross margin improved by 1.42% to 44.04%, while the net margin increased by 20.94% to 28.48% [1] Financial Performance - Total revenue for Q2 2025 was 370 million yuan, a 20.41% increase compared to the same quarter last year [1] - Q2 net profit attributable to shareholders was approximately 97.18 million yuan, reflecting a 31.66% year-on-year growth [1] - The company’s operating cash flow per share increased by 47.2% to 0.36 yuan [1] Cost and Efficiency - Total selling, administrative, and financial expenses amounted to 111 million yuan, accounting for 16.27% of revenue, which is a 9.56% increase year-on-year [1] - The company’s return on invested capital (ROIC) was 9.25% last year, indicating a moderate capital return [3] - The net profit margin for the previous year was 23.57%, suggesting high added value in products or services [3] Asset Management - Cash assets are reported to be very healthy, with a recommendation to monitor cash flow status [3] - Accounts receivable reached 532 million yuan, showing a year-on-year increase of 28.58% [1] - The company’s debt levels are stable, with interest-bearing liabilities decreasing by 1.95% to 665 million yuan [1] Market Position - The company has seen significant interest from funds, with the Nanhua Fengchun Mixed A Fund entering the top ten shareholders with 63,200 shares [4] - The largest fund holding is the Nanhua Fengchun Mixed A Fund, which has a scale of 47 million yuan and has increased by 60.98% over the past year [5]

证券代码：603662 证券简称：柯力传感 公告编号：2025-032 宁波柯力传感科技股份有限公司 关于续聘2025年度会计师事务所的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ?拟聘任的会计师事务所名称：立信会计师事务所（特殊普通合伙） 立信近三年因执业行为受到行政处罚5次、监督管理措施43次、自律监管措施4 次，涉及从业人员131名。 宁波柯力传感科技股份有限公司（以下简称"公司"）于2025年8月27日召开公 司第五届董事会第十一次会议，审议通过了《关于续聘2025年度会计师事务所的议 案》，同意续聘立信会计师事务所（特殊普通合伙）（以下简称"立信"）为公司 具体情况公告如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 立信由我国会计泰斗潘序伦博士于1927年在上海创建，1986年复办，2010年成为 全国首家完成改制的特殊普通合伙制会计师事务所，注册地址为上海市，首席合伙人 为朱建弟先生。立信是国际会计网络BDO的成员所，长期从事证券服务业务，新证券 法实施前具.有证券、期货业务许可 ...

Capital Changes - The company plans to repurchase and cancel 829,558 shares of restricted stock that have been granted but not yet released from restrictions, resulting in a reduction of total shares from 281,659,426 to 280,829,868 and a decrease in registered capital from 281,659,426 yuan to 280,829,868 yuan [1][2] Governance Changes - The company intends to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, in accordance with the new Company Law effective from July 1, 2024, and related regulatory requirements [2][3] - The company will revise its articles of association to reflect the changes in share capital and the cancellation of the supervisory board, with the revised articles requiring approval from the shareholders' meeting [3][4] Regulatory Compliance - The company will update its governance systems and internal regulations to align with the latest legal and regulatory requirements, enhancing its governance structure and operational standards [3][4]

Core Viewpoint - Ningbo Keli Sensor Technology Co., Ltd. has developed a "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan for 2025, aiming to optimize operations and enhance corporate governance in response to national economic policies and market regulations [1][6]. Group 1: Business Focus and Core Competitiveness - The company focuses on its main business by leveraging multi-physical quantity sensor fusion technology to provide a variety of sensor solutions, enhancing its core competitiveness and meeting customer needs [1][2]. - The company aims to be the sensor company with the most categories and deepest integration, having developed nearly twenty types of sensors across four major sectors, making it one of the most diversified listed companies in the sensor industry [2][3]. Group 2: Capital Management and Governance - The company will enhance post-investment management and implement a systematic approach to improve the management of subsidiaries, aiming for sustainable development and increased profitability [2][3]. - In capital operations, the company will focus on high-quality targets in the industry chain, seeking acquisition opportunities that offer technological barriers and market potential, while optimizing its capital structure through various financing tools [3][4]. Group 3: Corporate Governance and Compliance - The company plans to optimize its corporate governance structure in line with new regulations, enhancing operational norms and decision-making processes to ensure effective risk management [3][4]. - The company will strengthen the responsibilities of key personnel, ensuring compliance with laws and regulations while enhancing the professional competence and compliance awareness of its management team [5][6]. Group 4: Investor Relations and Returns - The company emphasizes shareholder returns, having distributed a total cash dividend of 453 million yuan since its listing, and commits to a stable dividend policy to share growth benefits with investors [5][6]. - The company will improve information disclosure quality and strengthen communication with investors, ensuring transparency and timely updates on business operations [6][7]. Group 5: Continuous Evaluation and Improvement - The company will continuously assess and refine its action plan, focusing on core business areas to solidify its competitive edge and enhance profitability [6][7].

Core Viewpoint - The document outlines the management and operational regulations for securities investment and financial derivatives trading by Ningbo Keli Sensor Technology Co., Ltd, emphasizing compliance with laws and regulations to enhance capital efficiency and protect investor interests [1][2]. Group 1: General Principles - The company aims to conduct securities investment and financial derivatives trading in a compliant manner, focusing on maximizing returns while controlling investment risks [1]. - Securities investment includes various activities such as new stock subscriptions, stock repurchases, and investments in bonds and derivatives [2]. - Financial derivatives trading encompasses activities involving swaps, forwards, and non-standard options, with underlying assets that can include securities, indices, and commodities [2]. Group 2: Approval Procedures and Decision Authority - The company must adhere to strict approval procedures for securities investment, with specific thresholds based on the percentage of the latest audited net assets [3]. - The decision-making authority for securities investments is defined, with the board of directors and shareholders having specific roles in approving significant investments [3]. - Financial derivatives trading requires a feasibility analysis report to be submitted to the board for approval, especially when certain financial thresholds are met [3]. Group 3: Management and Implementation - The company must establish its own securities and funds accounts for trading, prohibiting the use of third-party accounts [2][6]. - The board of directors authorizes the chairman or designated personnel to manage and implement investment strategies, ensuring proper fund management [6]. - All personnel involved in trading must understand the associated risks and adhere to operational and risk management protocols [7]. Group 4: Risk Control and Supervision - The company enforces a separation of duties among trading, financial, and audit personnel to ensure effective risk management [17]. - Internal audit departments are responsible for monitoring compliance with investment decisions and management practices [20]. - Independent directors and audit committees have the authority to oversee trading activities and can recommend external audits if necessary [20]. Group 5: Information Disclosure - The company must comply with information disclosure regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [21]. - The board secretary is responsible for external disclosures related to trading activities, with strict confidentiality protocols in place for all personnel [22][24]. - The board must continuously monitor the progress and safety of investments, taking immediate action in case of significant losses [9]. Group 6: Miscellaneous Provisions - Any matters not covered by the regulations will be governed by national laws and the company's articles of association [25]. - The document specifies that terms such as "above" and "below" include the stated numbers, while terms like "less than" do not [26]. - The regulations are established and interpreted by the company's board of directors and take effect upon approval [27].

Core Viewpoint - The document outlines the external investment management system of Ningbo Keli Sensor Technology Co., Ltd., aiming to standardize external investment behavior, enhance management, mitigate risks, and improve investment efficiency while safeguarding the company's image and investors' interests [1][2]. Group 1: General Principles - External investments are defined as monetary funds, equity, or assessed physical or intangible assets contributed for future returns [1]. - Investments are categorized into short-term (up to one year) and long-term (over one year) [1]. - Basic principles for external investments include alignment with the company's development strategy, rational resource allocation, and creation of economic benefits [2]. Group 2: Approval Authority - A professional management and hierarchical approval system governs external investments [2]. - Investments meeting specific thresholds must be submitted to the board for review, including those where total asset value exceeds 10% of the latest audited total assets or where transaction amounts exceed RMB 10 million [2][3]. - For significant investments, expert evaluations are required before submission to the shareholders' meeting for approval [3][4]. Group 3: Organizational Structure - The shareholders' meeting, board of directors, and chairman are responsible for investment decisions, with no other departments or individuals authorized to make such decisions [5]. - A designated leader is responsible for collecting information, preliminary evaluations, and reporting investment progress to the management [5][6]. Group 4: Investment Management Procedures - Short-term investment procedures include regular financial reporting, investment planning, and performance tracking [6][7]. - Long-term investments require a detailed process including feasibility studies, project approval, and implementation management [7][8]. Group 5: Transfer and Recovery of Investments - The company can recover investments under specific circumstances, such as misalignment with business direction or continuous losses [9][10]. - The procedures for transferring investments are aligned with those for approving new investments [9][10]. Group 6: Personnel Management - The company appoints directors and management personnel to oversee newly established companies resulting from external investments [11][12]. - Personnel involved in investments must adhere to responsibilities outlined in the company law and report on investment conditions regularly [12][13]. Group 7: Financial Management and Auditing - The finance department is responsible for comprehensive financial records and accounting for external investments [12]. - Regular audits and financial reporting from subsidiaries are mandated to ensure compliance and protect company interests [12][13]. Group 8: Reporting Major Events - Subsidiaries must report significant events such as asset acquisitions, major lawsuits, and substantial losses to the board promptly [13][14]. - Clear responsibilities for reporting are established to ensure timely communication with the board [14].

宁波柯力传感科技股份有限公司 累积投票管理制度 第一章 总则 第一条 为进一步完善宁波柯力传感科技股份有限公司（以下简称"公司"） 法人治理，保证公司所有股东充分行使权利，根据《公司法》、《证券法》、《上 市公司治理准则》、《上市公司章程指引》、《上市公司股东会规则》、《上海证 券交易所上市公司自律监管指引第 1 号——规范运作》、《宁波柯力传感科技股份 有限公司章程》（以下简称 "公司章程"）等法律、法规、规范性文件及公司治理文 件等的有关规定，特制定本制度。 第二条 本制度所指累积投票制是指股东会选举董事时，股东所持的每一表 决权股份拥有与该次股东会应选董事人数相同的表决权，股东拥有的表决权等于该股东 持有股份数与应选董事总人数的乘积。股东拥有的表决权可以集中使用，股东可以用所 有的表决权集中投票选举一位候选董事，也可以将投票权分散行使、投票给数位候选董 事。 第三条 本制度所称"董事"包括非独立董事和独立董事。本制度所称"董事" 特指由股东会选举的董事。由职工民主选举的职工代表董事，不适用于本制度的相 关规定。 第四条 公司股东会选举或更换两名以上非独立董事或独立董事，应当采用 累积投票制。公司股东会仅 ...

General Provisions - The company establishes rules for online voting at shareholder meetings to protect investors' rights [2] - The company will provide an online voting option alongside in-person voting during shareholder meetings [2][4] - Shareholders registered on the equity registration date can vote via the online system [4] Notification and Preparation for Online Voting - The company must prepare and organize online voting in accordance with the requirements set by the Shanghai Stock Exchange [4][6] - The company must disclose relevant information about online voting in the meeting notice [5] - The company must provide shareholder data to the information company two trading days before the meeting [4][6] Methods and Procedures for Online Voting - Shareholders can vote through the Shanghai Stock Exchange trading system or the internet voting platform during the trading hours on the meeting day [6][8] - The company must confirm the identity of shareholders using registration information [6][8] - Voting must be conducted item by item, and shareholders can express their opinions on each proposal [7][8] Statistics and Inquiry of Voting Results - Shareholders who vote on some proposals are considered present at the meeting [10] - The information company will provide voting statistics and details to the company after the voting ends [10][11] - The company must disclose the voting results and any significant matters affecting minority investors [11][12] Supplementary Provisions - The rules will be interpreted by the company's board of directors and will take effect after approval by the shareholder meeting [12]

Core Viewpoint - The company has established a management system for entrusted financial management to enhance fund operation efficiency, mitigate risks, and protect the rights of shareholders and the company [1][2]. Group 1: General Principles - The entrusted financial management activities are applicable to the company and its wholly-owned and controlled subsidiaries, requiring adherence to relevant regulations and internal procedures [1][2]. - The principle of entrusted financial management is to improve fund utilization efficiency and increase cash asset returns while controlling investment risks [1][2]. Group 2: Fund Utilization - Funds used for entrusted financial management must be idle funds, including idle self-owned and raised funds, and should not affect the company's normal operations or project funding [2]. - The company must follow the decision-making procedures and monitoring measures outlined in the management system when engaging in entrusted financial management [2][3]. Group 3: Approval and Decision-Making Authority - Approval is required from the board of directors if the amount for entrusted financial management exceeds 10% of the latest audited net assets and is over 10 million yuan [3]. - If the amount exceeds 50% of the latest audited net assets and is over 50 million yuan, it must also be approved by the shareholders' meeting [3]. Group 4: Implementation and Risk Control - The finance department is responsible for the implementation and management of entrusted financial management, including risk assessment and feasibility analysis [5][6]. - The company must select qualified financial institutions with good credit and financial status as trustees and must not assign financial products to individuals or other companies for investment [6][7]. Group 5: Accounting Management - Upon completion of entrusted financial management, the company must obtain investment proof and timely record it, ensuring compliance with accounting standards [7]. - The finance department is responsible for the daily accounting of entrusted financial management and accurate reporting in financial statements [7]. Group 6: Confidentiality and Information Disclosure - The company must fulfill information disclosure obligations in accordance with relevant laws and regulations when engaging in entrusted financial management [8]. - Any significant events affecting the entrusted financial products must be disclosed promptly to protect the company's interests [8].