上海安路信息科技股份有限公司2025 年半年度报告 公司代码：688107 公司简称：安路科技 上海安路信息科技股份有限公司 上海安路信息科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 报告期内，尽管诸多下游应用领域已有复苏迹象，新客户数量、新产品导入项目数均稳定增 加，但由于部分终端行业客户需求阶段性波动，公司营业收入较上年同期略有下滑。同时，公司 为了进一步加强及巩固自身核心竞争力，丰富公司产品系列以覆盖更多的下游应用领域，继续维 持较高的产品研发与团队建设投入，使得报告期内归属于母公司所有者的净利润仍为负值。公司 核心竞争力、持续经营能力未发生重大变化。鉴于公司目前依然保持较大的研发投入，未来若出 现下游市场复苏不及预期、行业竞争加剧等情形，公司可能面临继续亏损的风险。 公司已在本报告中描述了可能存在的风险，详细内容敬请查阅"第三节、管理层讨论与分析" 之"四、风险因素"部分，请投资者注意投资风险。 三、 公司全体董事 ...

Financial Performance - The net profit for 2024 is -1.673 billion CNY, a reduction in loss by 0.251 billion CNY compared to the previous year [3] - Total revenue for 2024 is 1.869 billion CNY, a year-on-year increase of 0.34% [5] - Revenue from blue army equipment and related products is 0.785 billion CNY, up 0.91% year-on-year [3] - Revenue from communication and control products is 0.478 billion CNY, showing a significant increase of 66.28% [3] - Revenue from space information application products is 5.82 million CNY, down 38.30% year-on-year [4] - Revenue from data security application products is 0.186 billion CNY, up 12.95% year-on-year [4] - Revenue from marine equipment and power equipment is 0.414 billion CNY, down 33.57% year-on-year [4] Cost and Expense Management - Sales expenses for 2024 are 0.140 billion CNY, a decrease of 14.59% year-on-year [4] - Management expenses are 0.419 billion CNY, an increase of 2.37% year-on-year [4] - Financial expenses are 13.19 million CNY, a significant increase of 224.44% year-on-year [4] - R&D expenses are 0.471 billion CNY, down 10.88% year-on-year [4] Cash Flow and Financial Ratios - Net cash flow from investment activities is 0.392 billion CNY, an increase of 615.85% year-on-year [4] - Net cash flow from financing activities is -0.334 billion CNY, a decrease of 293.57% year-on-year [4] - The asset-liability ratio at the end of 2024 is 46.81%, an increase of 8.04 percentage points from the previous year [4] - Accounts receivable at the end of 2024 amount to 2.196 billion CNY, and inventory is 2.159 billion CNY [5] R&D and Strategic Focus - R&D investment for 2024 is 26.40% of revenue, focusing on integrated environment verification systems and next-generation communication systems [2] - The company aims to enhance its core competitiveness and achieve high-quality rapid development by optimizing key industry structures [2] Future Outlook - The company is actively pursuing new business layouts to boost future performance, particularly in the commercial space sector [5] - The company plans to maintain its focus on core industries and leverage its strengths to expand both domestic and international markets [4]