楚天龙股份有限公司 2025 年半年度财务报告 楚天龙股份有限公司 2025 年半年度财务报告 1 楚天龙股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 279,973,842.01 | 576,771,603.49 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 201,030,561.65 | 100,125,424.75 | | 衍生金融资产 | | | | 应收票据 | 832,391.90 | 4,245,367.77 | | 应收账款 | 601,295,253.59 | 569,920,120.90 | | 应收款项融资 | | | | 预付款项 | 3,431,132.46 | 2,874,486.59 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他 ...

法定代表人： 主管会计工作的负责人： 会计机构负责人： 非经营性资金占用及其他关联资金往来情况汇总表 2025年中期（保留两位小数） | 编制单位：楚天龙股份有限公司 | | | | | | | | | | 单位：人民币万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公司 | 上市公司核算的 | 2025年期初 | 2025年度占用累 | 2025年度占用资 | 2025年度偿还累 | 2025年期末 | | 占用性质 | | | | 的关联关系 | 会计科目 | 占用资金余额 | 计发生金额 （不含利息） | 金的利息 （如有） | 计发生金额 | 占用资金余额 | 占用形成原因 | | | 控股股东、实际控制人及其附 | | | | | | | | | | 非经营性占用 | | 属企业 | | | | | | | | | | 非经营性占用 | | 小 计 | - | - | - | | | | | | | - | | 前控股股东、实际控制人及其 | | ...

Core Viewpoint - The company reported a decline in revenue and an increase in net loss for the first half of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first half of 2025 was 457 million, representing a year-on-year decrease of 4.83% [1] - The net loss attributable to shareholders for the same period was 39.77 million, compared to a net loss of 12.70 million in the previous year [1] Dividend Policy - The company announced plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves [1]

[Important Notes, Table of Contents, and Definitions](index=2&type=section&id=Important%20Notes%E3%80%81Table%20of%20Contents%20and%20Definitions) This section provides crucial disclaimers, lists the report's structure, and defines key terms for clarity [Important Notes](index=2&type=section&id=Important%20Notes) The company's board and management guarantee the report's accuracy, and the company plans no cash dividends or share transfers from capital reserves - The company's board of directors, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, and assume legal responsibility[3](index=3&type=chunk) - Company head Su Chen, chief accountant Yuan Hao, and head of accounting department Zhang Cai'e declare the financial report is true, accurate, and complete[3](index=3&type=chunk) - The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section outlines the nine main chapters of the semi-annual report, covering all aspects of the company's operations - The report comprises nine main chapters, covering various aspects of the company's operations[6](index=6&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines key terms used throughout the report, such as company abbreviations, embedded security products, and digital RMB, to aid reader comprehension - "Company" and "Chutianlong" are defined as Chutianlong Co., Ltd[10](index=10&type=chunk) - "Embedded security products" are explained as hardware products integrated into smart devices that ensure device operation, data security, and resistance to external attacks through hardware encryption, authentication, and isolation technologies[10](index=10&type=chunk) - "Digital RMB" is clarified as the digital legal tender issued by the People's Bank of China, operated by designated institutions, and equivalent to cash in circulation (M0)[10](index=10&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section introduces the company's basic information and presents its main financial performance and position metrics for the reporting period [Company Profile](index=6&type=section&id=Company%20Profile) Chutianlong Co., Ltd. (stock code: 003040) is listed on the Shenzhen Stock Exchange, with no changes in contact information or disclosure locations during the reporting period Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Chutianlong | | Stock Code | 003040 | | Stock Exchange | Shenzhen Stock Exchange | | Company's Chinese Name | 楚天龙股份有限公司 | | Company's Legal Representative | Su Chen | - The company's registered address, office address and postal code, website, and email address remained unchanged during the reporting period, as detailed in the 2024 annual report[14](index=14&type=chunk) - The company's designated securities exchange website and media for semi-annual report disclosure, along with the report's availability location, remained unchanged during the reporting period, as detailed in the 2024 annual report[15](index=15&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue decreased by 4.83% to 457.22 million yuan, and net loss attributable to shareholders expanded to 39.77 million yuan Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Period-over-Period Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 457,215,840.32 | 480,431,166.93 | -4.83% | | Net Profit Attributable to Shareholders of Listed Company | -39,768,820.40 | -12,702,690.51 | -213.07% | | Net Cash Flow from Operating Activities | -133,330,922.05 | -62,970,895.86 | -111.73% | | Basic Earnings Per Share (Yuan/Share) | -0.09 | -0.03 | -200.00% | | Total Assets (Period-End) | 1,864,113,797.65 | 1,992,037,791.35 | -6.42% | | Net Assets Attributable to Shareholders of Listed Company (Period-End) | 1,404,959,382.59 | 1,458,562,282.15 | -3.68% | Non-Recurring Gains and Losses Items and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -1,281,989.41 | | Government grants recognized in current profit or loss (excluding those closely related to the company's normal business operations and in line with national policies) | 784,994.08 | | Gains or losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and investment gains or losses from disposal of financial assets and liabilities, excluding effective hedging activities related to normal business operations | 2,158,659.91 | | Other non-operating income and expenses apart from the above | -101,921.82 | | **Total** | **1,559,742.76** | [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth review of the company's operations, financial performance, core competencies, and risk management strategies during the reporting period [Main Businesses During the Reporting Period](index=9&type=section&id=Main%20Businesses%20During%20the%20Reporting%20Period) The company, a digital security and intelligent service provider, maintained embedded security product business while strategically developing eSIM, quantum encryption, and digital RMB technologies - The company is positioned as a comprehensive solution provider for digital security and intelligent services, adhering to the business philosophy of "customer first, integrity-based" and market strategy of "technology-driven, scenario-enabled"[24](index=24&type=chunk) - Strategic initiatives include eSIM product and platform operations, quantum encryption technology application and QKD solution iteration, smart contract technology and digital RMB comprehensive business platform development, Chutianlong industry AI intelligent agent R&D and production, and multi-application AOS operating system development based on open architectures like RISC-V[24](index=24&type=chunk) - During the reporting period, operating revenue reached **457.22 million yuan**, a year-on-year decrease of **4.83%**; net profit attributable to shareholders of the listed company was **-39.77 million yuan**, primarily due to intensified market competition, product demand fluctuations, and credit impairment losses[24](index=24&type=chunk) - The company invested in Shenzhen Jieruilian Technology Co., Ltd. (Hongcha Mobile) to integrate communication sector customer resources, accelerate international communication services, consumer electronics, and IoT business expansion, and achieve diversified revenue structure upgrades[25](index=25&type=chunk) [Embedded Security Products](index=9&type=section&id=Embedded%20Security%20Products) The company's embedded security products, including smart cards and eSIM, saw significant growth in overseas business and expanded into financial front-end scenario services - Embedded security products, leveraging physical security, identity recognition, privacy protection, communication, and payment functions, are widely applied in communication, finance, social security, and transportation, with eSIM emerging as a key technology for the intelligent IoT era driven by 5G, IoT, and AI[26](index=26&type=chunk) - The company actively transitioned its service model from traditional product delivery to "full-chain scenario operation," successfully entering front-end scenario services, optimizing business structure, and extending the value chain, with related projects reaching a scale of **hundreds of millions of yuan**[28](index=28&type=chunk) - In key client expansion, the company achieved leapfrog development in cooperation with large state-owned financial institutions, with order volumes showing explosive growth, where a single client's quarterly order amount exceeded historical levels for the same period, increasing by over **200%** year-on-year[28](index=28&type=chunk) - Overseas business grew by **67.48%** during the reporting period; the company obtained GSMA eSIM eSA certification and developed and applied Chutianlong eSIM LPA application software, eSIM SM-DS management platform, and eSIM SM-DP+ management platform[28](index=28&type=chunk) [Smart Hardware](index=10&type=section&id=Smart%20Hardware) Driven by large model technology, the company's smart hardware business grew by 64.40% to 45.06 million yuan, launching AI multi-modal intelligent interactive terminals and AI digital human projects - Large model technology is driving a profound transformation in the smart hardware industry, characterized by "new interaction methods," "new service models," "new application paradigms," and "new business scenarios"[29](index=29&type=chunk) - The company launched AI multi-modal intelligent interactive terminal devices, integrating government large models, digital humans, digital employees, and intelligent robots to create a vector database-driven intelligent decision-making hub, forming the Chutianlong industry AI intelligent agent[30](index=30&type=chunk) - In the first half of 2025, the company's smart hardware business revenue reached **45.06 million yuan**, a year-on-year increase of **64.40%**, successfully qualifying for card issuance equipment projects with multiple bank headquarters and branches[30](index=30&type=chunk) - The company implemented the Hubei government AI digital human "Xiao Xiang," provided a digital human interactive system and AI virtual business hall intelligent customer service solution for Huawei Cloud's participation in MWC2025, built the Hubei Yichang "robot window," launched the social security "intelligent approval digital employee," created the Dandong Human Resources and Social Security "AI consultation digital human," and implemented the Guangxi Human Resources and Social Security digital human "Gui Xiaozhi"[31](index=31&type=chunk) [Software and Services](index=11&type=section&id=Software%20and%20Services) The company's software and services revenue grew by 40.

Group 1: Market Overview - The Hong Kong Monetary Authority and Securities and Futures Commission have issued a joint statement regarding the recent speculation in the stablecoin market, indicating that they will adopt a prudent approach in issuing licenses for stablecoin issuers, with high standards and only a few licenses to be granted initially [1] - Goldman Sachs has reported that the stablecoin market is at the beginning of a new gold rush, with a potential total market size reaching several trillion dollars, and USDC is expected to benefit from market share growth as legislation progresses [4] - The global stablecoin market is projected to exceed $250 billion by 2025, growing over 11 times from 2020, with a compound annual growth rate of 65% [7] Group 2: Growth Drivers - Regulatory frameworks such as the US GENIUS Act and Hong Kong's Stablecoin Regulation are expected to drive compliance and facilitate the issuance of stablecoins, with companies like Circle raising $624 million through IPOs [9] - The tokenization of real-world assets (RWA) such as US Treasury bonds and real estate has reached $35 billion and is expected to exceed $50 billion by 2026, providing long-term growth momentum for stablecoins [9] - Stablecoins are significantly reducing cross-border remittance costs and transaction times, with notable usage in regions like Yiwu, China, and the Philippines [10] Group 3: Company Developments - MetaMask plans to launch the stablecoin mUSD by the end of August, targeting 30 million monthly active users, backed by short-term US Treasury yields [2] - Citigroup is considering entering the stablecoin space by providing custody, payment, and dollar exchange services, and is even contemplating issuing its own stablecoin [3] - Companies like Beixin Source and Yuyin Co. are developing technologies and solutions to support stablecoin issuance and transactions, with Beixin Source integrating with Hong Kong's regulatory sandbox [14][15] Group 4: Future Outlook - The integration of stablecoins into decentralized finance (DeFi) and the tokenization of real-world assets is expected to deepen the connection between traditional finance and the crypto world [12] - Major retail giants like Walmart and Amazon are preparing to issue their own stablecoins, indicating a trend towards mainstream adoption [11] - The stablecoin market is anticipated to evolve from being merely a cash equivalent in the crypto world to becoming a core component of global digital financial infrastructure [12]

Core Viewpoint - Chutianlong's stock price decreased by 4.44% on August 20, 2025, closing at 26.50 yuan, indicating a significant drop in market performance [1] Company Summary - Chutianlong operates in the communication equipment and digital currency sectors, focusing on the research and production of smart cards and related devices [1] - The company's products are utilized in areas such as electronic identification cards and smart government services, highlighting its role in technological advancements in Guangdong [1] Market Activity - On August 20, 2025, Chutianlong experienced a trading volume of 665,711 hands and a transaction amount of 1.775 billion yuan [1] - The stock showed a volatility of 4.90% during the trading day, with a brief rebound observed early in the session, where it reached 27.08 yuan, reflecting a more than 2% increase within five minutes [1] - The net outflow of main funds on that day was 230.83 million yuan, accounting for 1.91% of the circulating market value, with a cumulative net outflow of 115.19 million yuan over the past five trading days, representing 0.95% of the circulating market value [1]

周三（8月20日），A股午后情绪转暖明显，金融科技指数全天V型回升，日线斩获八连阳！部分成份股 尾盘强势翻红上涨，此前4天3板的中科金财领涨4.66%，恒宝股份上涨3.52%，金证股份、恒生电子涨 逾1%。下跌方面，大智慧跌停，楚天龙、京北方、拉卡拉、天阳科技、润和软件等多股跌逾2%。 热门ETF方面，规模、流动性同类断层第一的金融科技ETF（159851）早盘一度下挫逾3%，午后强势回 升，场内最终微跌0.83%，全天放量成交达14.13亿元。尤其值得注意的是，159851尾盘溢价放量明显， 资金净流入转正，全天抢跑净申购1.78亿份！ 资金尾盘为何抢跑买入？分析来看，近期指数、交投、资金均有积极表现，A股持续走牛预期高度升 温。从历史牛市行情看，金融科技或是当之无愧的领跑旗手，值得重点关注其弹性表现。 指数方面，大盘午后强劲反弹，沪指反包再创十年新高； 交投方面，沪深两市成交额连续6个交易日超2万亿元； 资金方面，低利率时代权益市场吸引力逐渐增强，增量资金接力入市，为互联网券商业务打开增 长空间。 注：统计区间2025.1.1-2025.8.20。中证金融科技主题指数基日为2014.6.30，发布日期为2 ...

Group 1 - The three major indices rebounded after hitting a low, with sectors such as stock trading software and innovative pharmaceuticals leading the decline, while liquor and smart speaker sectors saw gains [1] - As of 10:45, the financial technology ETF Huaxia (516100) fell by 1.20%, with its holdings like Dazhihui dropping over 9%, while other stocks such as Xinzhi Software and Puyuan Information also experienced significant declines [1] - In the past two days, the financial technology ETF Huaxia (516100) has seen a cumulative net subscription amount of 108.62 million yuan, indicating increased investor interest [1] Group 2 - The CSI Financial Technology Theme Index has performed exceptionally well since the "924" market rally last year, with a growth of 150.86% as of August 19, significantly outperforming the Shanghai Composite Index's 35.59% and the Securities Company Index's 55.96% [1] - The financial technology ETF Huaxia (516100) closely tracks the CSI Financial Technology Theme Index, covering software development, internet finance, and the digital currency industry chain, and is expected to benefit from both market recovery and AI-related catalysts [1] - The broker ETF fund (515010) tracks the Securities Company Index (code 399975), with the top ten constituent stocks accounting for 60.73% of the weight, directly benefiting from the recovery of the A-share market [2] Group 3 - The management and custody fee rate for the broker ETF fund (515010) is 0.2%, making it one of the lowest fee investment options available in the market, which aids investors in low-cost exposure to the brokerage sector [2]

Core Insights - The article highlights significant stock price increases for various companies, indicating a bullish market sentiment [1][2]. Group 1: Stock Performance - Zhongke Jincai (中科金财) experienced a 10.01% increase, with a total market capitalization of 14.5 billion [2]. - Zhidu Co., Ltd. (智度股份) rose by 7.44%, reaching a market cap of 12.4 billion [2]. - Zhongyou Capital (中油资本) saw a 6.56% increase, with a market value of 119.1 billion [2]. - Chutianlong (楚天龙) increased by 5.19%, with a market cap of 1.3 billion [2]. - New Beiyang (新北洋) rose by 4.84%, with a total market capitalization of 6.841 billion [2]. - Other notable performers include Kela Software (科蓝软件) up by 3.86% and Hanwei Technology (汉威科技) up by 3.11% [1][2]. Group 2: Year-to-Date Performance - Xinyuan Co., Ltd. (芯原股份) has shown a remarkable year-to-date increase of 147.38%, with a market cap of 68.2 billion [2]. - Zhongke Jincai (中科金财) has a year-to-date increase of 133.30% [2]. - Chutianlong (楚天龙) has a year-to-date increase of 116.18% [2]. - ST Zhengtong (ST证通) has a year-to-date increase of 98.27% [2]. - Hanwei Technology (汉威科技) has a year-to-date increase of 136.88% [2].

8月19日，AI接力赋能，金融科技继续飘红上涨！截至发稿，中科金财涨停斩获4天3板，普元信息涨超14%，润和软件盘中涨超10%，大智慧 再度冲击涨停，税友股份、楚天龙、科蓝软件、拓尔思、广电运通等多股跟涨超3%。 热门ETF方面，规模、流动性同类断层第一的金融科技ETF（159851）场内继续上涨，日线冲击七连阳，实时成交额超7亿元，交投延续高度活 跃，资金继续进场抢筹！ 数据来源：沪深交易所等。 风险提示：金融科技ETF被动跟踪中证金融科技主题指数，该指数基日为2014.6.30，发布日期为2017.6.22，该指数2020-2024年年度涨跌幅分别 为：10.46%、7.16%、-21.40%、10.03%、31.54%，指数成份股构成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。文中 指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓信息和交易动向。基金管理人评估的该基金 风险等级为R3-中风险，适宜平衡型（C3）及以上投资者。任何在本文出现的信息（包括但不限于个股、评论、预测、图表、指标、理论、任 何形式的表述等）均只作为参考，投资人须对任何自主决定 ...