投资者关系活动类别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他（线上会议） 参与单位名称及 人员姓名 建信基金 李登虎 建信基金 张文浩 国泰海通 张唯佳 国泰海通 魏宗 新华资产 孙浩文 申万宏源 胡书捷 申万宏源 崔航 时 间 2025/9/10 地 点 公司会议室 上市公司接待 人员姓名 董事会秘书 张新媛 投资者关系活动 主要内容介绍 一、公司基本情况介绍 深圳市智微智能科技股份有限公司（股票代码：001339） 是国内领先的智联网硬件产品及解决方案提供商，国家高新 技术企业，国家"专精特新"小巨人企业。公司秉承"构建数 智底座，共创智能未来"的使命，致力于为产业数智化发展 提供强大的硬件底座，全面推动智联网场景化应用。公司构 建了基于多场景的产品定义、多形态的产品研发、柔性制造 与供应链、数智化信息化管理体系等核心能力。 智微智能基于自主研发和新技术的应用，不断优化产品 结构，完善产品方案。智微智能主营业务覆盖行业终端（如 PC、OPS、云终端等）、ICT 基础设施（服务器、交换机、 网安硬件等）、工业物联网（如机器人控制器、工控主板、 工控 ...

Revenue and Profit - The company reported a total revenue of 1.947 billion yuan for the first half of 2025, representing a year-on-year increase of 15.29% [2] - The net profit attributable to shareholders reached 102 million yuan, a significant year-on-year growth of 80.08% [2] - The second quarter alone saw a revenue of 1.095 billion yuan, up 12.31% year-on-year, with a net profit of 59.6 million yuan, reflecting a 36.7% increase [2] Profitability - The company's gross margin improved to 24.4%, an increase of 28.0% year-on-year [3] - The net profit margin rose to 9.31%, marking a year-on-year increase of 52.82%, indicating effective cost control and efficiency improvements [3] Expense Control - Total operating expenses (selling, administrative, and financial expenses) amounted to 127 million yuan, accounting for 6.51% of revenue, which is a year-on-year increase of 17.19% [4] - Administrative expenses saw a significant rise of 53.93%, primarily due to increased salaries for subsidiary management [4] Cash Flow and Financial Position - The company's cash and cash equivalents reached 1.701 billion yuan, a year-on-year increase of 31.59%, largely due to improved customer payments [5] - Operating cash flow per share was 1.05 yuan, down 45.49% year-on-year, attributed to increased supplier prepayments [5] - Accounts receivable decreased to 496 million yuan, a reduction of 34.56% year-on-year, indicating improved collection but raising concerns about the ratio of accounts receivable to profit, which stands at 396.88% [5] Asset Structure - Interest-bearing liabilities increased to 487 million yuan, a significant year-on-year rise of 147.88%, driven by funding needs for new business ventures [6] - Inventory levels increased, primarily due to preparations for large projects and spare parts [6] Main Business Composition - The largest segment of revenue came from the industry terminal, accounting for 53.57% of total revenue at 1.043 billion yuan, with a gross margin of 11.45% [7] - The intelligent computing business, while only contributing 15.31% of revenue, accounted for 53.15% of main profits with a high gross margin of 84.71%, indicating its high value addition [7] Regional Distribution - The South China region generated the highest revenue at 553 million yuan, representing 28.41% of total revenue, with a gross margin of 16.72% [8] - The North China region had the highest gross margin at 58.17%, with revenue of 342 million yuan, accounting for 17.56% of total revenue [8] Development Prospects - As a leading provider of intelligent network hardware products and solutions in China, the company is poised to benefit from the growth of the AI industry and the recovery of the PC sector [9] - The company has launched new products such as AIOPS, AIPC, and AI edge gateways to meet various AI+ scenario demands [9] - R&D investment increased, with R&D expenses for the first half of the year at 91 million yuan, a year-on-year growth of 1.02%, supported by a portfolio of 772 valid patents and 245 software copyrights [9] Summary - Overall, the company achieved significant growth in revenue and net profit in the first half of 2025, with a marked improvement in profitability [10] - However, attention is needed on cash flow management and accounts receivable to ensure sustainable future growth [10]