据证券之星公开数据整理，近期华如科技（301302）发布2025年中报。截至本报告期末，公司营业总收 入1.03亿元，同比上升3.85%，归母净利润-8380.91万元，同比下降27.58%。按单季度数据看，第二季度 营业总收入6507.34万元，同比上升4.87%，第二季度归母净利润-4402.5万元，同比下降69.65%。本报告 期华如科技公司应收账款体量较大，当期应收账款占最新年报营业总收入比达172.49%。 本次财报公布的各项数据指标表现一般。其中，毛利率24.91%，同比减52.81%，净利率-81.36%，同比 减22.84%，销售费用、管理费用、财务费用总计4808.97万元，三费占营收比46.68%，同比减38.61%， 每股净资产10.43元，同比减19.43%，每股经营性现金流-1.29元，同比增9.53%，每股收益-0.54元，同 比减28.57% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 9918.87万 | 1.03 亿 | 3.85% | | 归母浄利润（元） | -6569. ...

Group 1: Company Overview - Beijing Huaru Technology Co., Ltd. focuses on military simulation and AI integration, evolving its core brand XSim® from military simulation to military intelligence [2][3] - The company aims to support China's defense technology advancement into the "Intelligent Victory Era" through its new generation military intelligence system [3] Group 2: XSim® Military Intelligence System - The XSimVerse® military model integrates military domain knowledge with general models, supporting military decision-making, virtual training, digital experiments, training equipment, and intelligent equipment [5][6] - The military intelligence business covers five application areas: intelligent decision-making, virtual training, digital experiments, training equipment, and intelligent equipment [6][7] Group 3: Application Areas - **Intelligent Decision-Making**: Enhances decision-making processes for equipment validation, task planning, and operational support using AI tools [6] - **Virtual Training**: Provides realistic training experiences through a closed-loop training system that combines military models and simulation technology [6] - **Digital Experiments**: Merges digital testing environments with military models to improve the authenticity and complexity of weapon testing [6] - **Training Equipment**: Develops advanced training equipment that simulates real combat environments to enhance trainees' capabilities [7] - **Intelligent Equipment**: Constructs a collaborative system for unmanned equipment, optimizing battlefield awareness and operational efficiency [7] Group 4: AI Toolset - The AI toolset includes five products: XSimStudio® for intelligent simulation, XSimWorld® for digital battlefield creation, XSimAgent© for model training, XSimForce for digital troop modeling, and XSimLink® for real-time mapping [8] Group 5: Drone Simulation Training System - The drone simulation training system utilizes distributed simulation technology, offering realistic environments and diverse training modes, including single and multi-operator training [8] Group 6: Cloud Brain for Unmanned Systems - The "Cloud Brain" system addresses challenges in unmanned systems' intelligence levels and coordination, utilizing edge computing and AI technologies for enhanced operational capabilities [9] Group 7: Market Demand and Brand Development - The integration of military models and AI tools has increased potential customer demand through product upgrades [9] - The company is nurturing its subsidiary "Xiaoru Culture" to innovate in the digital cultural sector, focusing on online game development and IP derivative products [9]