证券代码：301548 证券简称：崇德科技 公告编号：2025-046 非标准审计意见提示 □适用 √不适用 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 董事会审议的报告期利润分配预案或公积金转增股本预案 2025年8月 一、重要提示 √适用 □不适用 是否以公积金转增股本 □是 √否 公司经本次董事会审议通过的利润分配预案为：以86573800股为基数，向全体股东每10股派发现金红利 2.00元（含税），送红股0股（含税），不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 单位：股 ■■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 □适用 √不适用 公 ...

Core Viewpoint - In times of economic turbulence, unicorn companies must exhibit resilience to adapt to the new normal, with founders needing to continuously adjust their mindset and actions to enhance management capabilities and lead effectively [1] Group 1: Challenges Faced by Unicorn Companies - Unicorn companies often face five key demands during their growth phase: founders need to transition from entrepreneurs to managers, align their strategic vision with organizational consensus, continuously identify and convert growth opportunities, establish a lean financial system and organizational structure, and recruit and develop key talent for future growth [2] - The six major challenges identified include: 1. Disconnection between strategic planning and implementation, necessitating optimization of the business model [2] 2. Core executive teams from technical backgrounds may overlook leadership development and talent pipeline construction [3] 3. Insufficient financial management capabilities, with a lack of integration between business and finance leading to cash flow issues [4] 4. Inadequate digital marketing and management capabilities, resulting in poor data analysis for decision-making [5] 5. Deficiencies in risk management across knowledge, financial, and legal domains [7] 6. Transitioning from startup and growth phases to facing maturity challenges, including bureaucratic tendencies and the need for organizational optimization [8] Group 2: Key Values and Actions for Success - Successful tech companies embody five core values: listening to customer feedback, continuous improvement to meet customer needs, driving innovation for sustained enhancement, fostering a winning team culture, and maximizing shareholder value [9] - The five key actions for rapid growth include: continuously seeking new growth opportunities, expanding management bandwidth, promoting lean operations, managing market capitalization, and enhancing leadership excellence [9] Group 3: Specific Actions for Growth - Continuous exploration of new growth opportunities is essential, utilizing systematic methods and tools to identify potential value within investment portfolios [10] - Expanding management bandwidth involves aligning strategic goals with organizational capabilities and ensuring effective execution of strategies [12] - Integrating business and financial management is crucial for maintaining profitability during growth stagnation, focusing on proactive risk management and performance monitoring [19] - Implementing lean operations through effective management tools can optimize performance across production, commercial, and personnel levels [32][36] - Market capitalization management aims to maximize company value through strategic optimization and effective communication with stakeholders [37][41] Group 4: Leadership Development - Exceptional leadership is critical for navigating uncertainty, with CEOs needing to cultivate resilience, balance cost control with innovation, and develop key talent [39] - The six dimensions of effective CEO leadership include setting strategic direction, unifying the organization, fostering a collaborative executive team, managing personal efficiency, building stakeholder relationships, and collaborating with the board [40]

Core Viewpoint - Luoyang Molybdenum's Q1 performance shows a decline in revenue but a significant increase in net profit, driven by rising copper and cobalt prices and improved cost management [4][5]. Financial Performance - The company reported a revenue of 46.006 billion yuan, a slight decrease of 0.25% year-on-year [4]. - Net profit attributable to shareholders reached 3.946 billion yuan, a substantial increase of 90.47% year-on-year [4]. - Basic earnings per share increased by 80% to 0.18 yuan [4]. Product Performance - In the mining and processing segment, copper production reached 170,600 tons, up 15.65% year-on-year, marking a historical high for the period [5]. - Cobalt production was 30,400 tons, with a completion rate of 27.65% [5]. - Molybdenum and tungsten production were 3,341 tons and 1,993 tons, respectively, with tungsten production increasing by 3.73% year-on-year [5]. Sales and Pricing - Revenue from copper and cobalt segments increased by 43.91% and 83.90%, respectively, despite no significant growth in sales volume [6]. - The gross margin for copper and cobalt reached 55.21% and 61.42%, significantly higher than the previous year's figures [6][7]. Market Dynamics - Copper prices approached 10,000 USD per ton in March, while cobalt prices rose by approximately 50% from January to March [8]. - The cobalt market is expected to face downward pressure in 2024, with a projected average price drop of 26.18% compared to 2023 [8]. Trade Segment - The mineral trading segment showed a mixed performance, with primary metal product sales increasing by 3.16% and revenue soaring by 98.59% [9]. - Refined metal product sales dropped by 68.44%, leading to a revenue decline of 32.27% [9]. Management Changes - Significant management changes were announced, including the resignation of the chairman and vice chairman, with new appointments aimed at enhancing operational efficiency [4][11]. - The new COO, Que Chaoyang, previously held a senior position at Zijin Mining, indicating a strategic shift in leadership [12][14]. Strategic Intent - The management changes reflect a strategic intent to optimize operations and enhance competitiveness in the mining sector [14]. - The company aims to improve its operational efficiency and product structure, focusing on high-margin primary products [10][14].

扩大规模，同时不降低协作效率，是蜜雪冰城接下来的重要管理议题。 文丨王与桐 编辑丨程曼祺 此前，蜜雪冰城的内部沟通和协作一直使用第三方工具，供应链和加盟商等管理系统则由公司 IT 团队搭 建。在采购飞书后，蜜雪冰城自研的 IT 系统会逐渐迁移到飞书上，总部的沟通和管理将会更多使用飞 书。 据了解，蜜雪冰城会分批使用飞书：第一批是蜜雪冰城总部的数千名门店管理和市场营销等办公室人员 他们已自 2024 年 11 月起陆续使用飞书，这批账号的协同、智能功能和权限都更多。 接下来，蜜雪冰城会在 2025 年分批给各大区的加盟商、门店人员、供应商人员开通飞书账号。其中，河 南、广东两个大区将最先开始，其它区域可能会在之后跟进。这批账号的功能和权限会与总部有所区别。 据今年 1 月 1 日蜜雪冰城递交的港股招股书，截至 2024 年 9 月 30 日，蜜雪冰城全球门店数量超 4.5 万家 ——已超过曾经全球门店数第一的连锁品牌麦当劳。 这 4.5 万家门店中，超过 99% 为加盟门店。若以一家加盟店平均配置 3 名员工计算，加盟店员工数量超过 13 万人。 据了解，蜜雪冰城相关人士在 2023 年第一次到字节跳动与飞书交 ...