证券代码：688671 证券简称：碧兴物联（维权） 公告编号：2026-003 碧兴物联科技（深圳）股份有限公司 2025年度业绩快报公告 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、准确性和完整性依法承担法律责任。 注：1.本报告期初数同法定披露的上年年末数。 2.以上财务数据及指标以合并报表数据填列，但未经审计，最终结果以公司2025年年度的定期报告为 准。数据若有尾差，为四舍五入所致。 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素 1、报告期的经营情况、财务状况 报告期内，公司实现营业收入32,343.48万元，较上年同期下降1.80%。受多重因素影响，盈利端出现较 大幅度下滑：营业利润为-10,464.77万元，较上年同期亏损增加5,380.15万元；利润总额为-10,381.19万 元，较上年同期亏损增加5,296.21万元；归属于母公司所有者的净利润为-8,415.04万元，较上年同期亏 损增加4,560.43万元；归属于母公司所有者的扣除非经常性损益的净利润为-9,660.50万元，较上年同期 ...

淘宝，作为中国电商领域的先行者，曾以其较低的门槛和零成本的运营模式，吸引了无数创业者投身其中，也催生了其后天猫、京东、拼多多等平台的蓬勃 发展。在其辉煌时期，淘宝商家的数量曾逼近千万大关。然而，时过境迁，如今大量商家却选择黯然离场，淘宝的入驻商家数量锐减至八百余万。 这一现象不禁引发了许多人的疑惑：不是说电商已将实体经济的业务挤压殆尽了吗？为何如今电商自身也陷入了"遇冷"的窘境？业内人士指出，淘宝商家纷 纷出走，电商平台遭遇寒冬，其背后原因错综复杂，主要体现在以下几个方面： 一、头部电商的虹吸效应与中小商家的生存困境 当前，国内电商市场的真正赢家集中在少数头部企业手中。它们凭借雄厚的资金实力，能够持续在各大电商平台的核心位置投放广告，从而源源不断地吸引 海量消费者。相比之下，中小电商则因资源有限，无力承担高昂的广告费用，眼睁睁看着市场份额被头部商家蚕食。 淘宝创立初期，为迅速扩大市场份额，采取了相对宽松的入驻政策。这在一定程度上导致了市场鱼龙混杂，假冒伪劣商品泛滥，偷税漏税等问题也屡见不 鲜。然而，近年来，随着淘宝不断加强对售假行为的打击力度，那些曾凭借售卖假冒伪劣商品牟利的商家，其生存空间被严重压缩，不得不 ...

本公司所有人应占亏损主要归因于受宏观经济下行及收入增长预期疲弱影响，消费者支出行为出现结构 性转变及消费者支出趋于审慎以致销售所得款项总额下跌;及该年度取得的资产减值拨备增加。 智通财经APP讯，百盛集团(03368)发布公告，集团将于截至2025年12月31日止年度(该年度)取得本公司 所有人应占亏损约人民币1.86亿元，而于截至2024年12月31日止年度则取得本公司所有人应占亏损人民 币1.75亿元。 ...

Overview - The report is a continuous supervision report by Caitong Securities for Hangzhou Langhong Technology Co., Ltd. for the first half of 2025, focusing on compliance and operational oversight [1]. Group 1: Continuous Supervision Work - The sponsor has reviewed the information disclosure documents of Langhong Technology during the reporting period [1]. - The company has established and effectively executed relevant regulations in all major aspects, although there are deficiencies in internal control regarding expense reimbursement approval processes and sales contract reviews [1][4]. - Regular checks on the company's fundraising accounts were conducted to ensure no violations in the use of raised funds [1][2]. Group 2: Issues Identified and Measures Taken - Internal control issues were identified, prompting the sponsor to guide the company in self-inspection and timely correction of problems, along with regular training on approval processes [3][4]. - Specific measures include enhancing the training of responsible personnel to improve diligence and responsibility in contract management [4][5]. - Guidance on the operation of inventory outflow processes was provided to ensure compliance with ERP system operations [5]. Group 3: Major Risks Faced by the Company - The company’s foreign sales revenue remains significant, with potential impacts from currency fluctuations, particularly if the RMB appreciates significantly against foreign currencies [8]. - The company is focused on the research, production, and sales of electronic anti-theft products, which are closely tied to the macroeconomic cycle; a downturn could negatively affect market demand [8]. - As of June 30, 2025, there are no pledges or freezes on shares held by major stakeholders, indicating a stable ownership structure [9].

Market Overview - Southeast Asia ETF fell by 2.99% in the past two weeks (2025/06/07-2025/06/20) [1] - Thailand and Indonesia markets remain under pressure, while Vietnam shows signs of recovery [1] - Southeast Asia ETF underperformed compared to Japan, Latin America, the United States, and China [1] Country-Specific Performance - iShares MSCI Indonesia ETF decreased by 4.70%, underperforming by 1.71 percentage points [2] - iShares MSCI Singapore ETF fell by 2.87%, outperforming by 0.13 percentage points [2] - iShares MSCI Thailand ETF dropped by 6.41%, underperforming by 3.42 percentage points due to political turmoil and economic concerns [2] - iShares MSCI Malaysia ETF declined by 1.40%, outperforming by 1.59 percentage points [2] - Global X MSCI Vietnam ETF decreased by 0.48%, outperforming by 2.52 percentage points, with improved market sentiment recently [2] Risk Factors - Risks include macroeconomic downturn and geopolitical uncertainties [3]

Core Viewpoint - The company experienced a slight decline in revenue for 2024 but saw an increase in net profit attributable to shareholders. However, it reported a significant loss in the first quarter of 2025 due to various challenges, including reduced customer demand and intensified market competition [1][2][3]. Financial Performance - In 2024, the company achieved a revenue of 6.19 billion yuan, a year-on-year decrease of 0.27%, while the net profit attributable to shareholders was 22 million yuan, an increase of 15.17% [1]. - For the first quarter of 2025, the company reported a revenue of 1 billion yuan, a year-on-year decline of 26%, and a net loss attributable to shareholders of 19.82 million yuan, a drastic decrease of 2097% [1][3]. - The company's total assets at the end of the reporting period were 26.7 billion yuan, with net assets close to 20 billion yuan [2]. Market Dynamics - The company operates in the certification, testing, and calibration services for various electrical equipment, with a focus on high and low voltage electrical testing [2]. - The high voltage testing business generated 4.76 billion yuan in 2024, a decrease of 2.73%, while the low voltage testing business saw a growth of 10.61%, reaching 1.35 billion yuan [2]. - Revenue from the East China region grew by 6.45% to 3.94 billion yuan, while the North China region experienced a significant decline of 22.24%, with revenue of 782.5 million yuan [2]. Strategic Initiatives - The company is shifting its strategy from a passive approach of waiting for customers to come to actively seeking orders, reflecting a response to increased competition in the electrical testing market [3]. - The management is focusing on expanding into emerging testing markets and enhancing new testing capabilities while maintaining its traditional markets [1][3]. International Expansion - The company plans to establish a wholly-owned subsidiary in Canada through a new subsidiary in Beijing, with an investment of 10 million USD or equivalent in local currency [4][5]. - The establishment of the Canadian subsidiary is seen as a strategic move to expand overseas markets and enhance the company's long-term development strategy [5].