Core Viewpoint - The company has released its 2025 semi-annual report, ensuring that the content is true, accurate, and complete, reflecting its actual situation without any false records or significant omissions [1][5][27]. Group 1: Company Overview - The company is Shanghai Qifan Cable Co., Ltd., with stock code 605222 and bond code 111000 [1][3]. - The board of directors and senior management guarantee the authenticity and completeness of the semi-annual report [1][3]. Group 2: Financial Data - The company raised a total of RMB 1 billion through the issuance of convertible bonds, with a net amount of RMB 989.05 million after deducting issuance costs [13]. - As of June 30, 2025, the company has RMB 45.26 million of unutilized raised funds, including bank interest [14]. Group 3: Fund Management - The company has established a management system for raised funds to ensure effective supervision and management [15]. - The company has signed tripartite and quadripartite agreements for the storage of raised funds, ensuring compliance with regulations [15]. Group 4: Asset Impairment - The company has proposed to recognize credit and asset impairment losses totaling RMB 21.04 million, which accounts for 15.53% of the most recent audited net profit [22][27]. - The credit impairment loss recognized for accounts receivable and other receivables amounts to RMB 17.99 million [24]. Group 5: Investor Communication - The company will hold a semi-annual performance briefing on September 2, 2025, to enhance communication with investors [32][35]. - Investors can submit questions via email before the briefing, and the company will address common concerns during the session [33][36].

Summary of Key Points Core Viewpoint - Zhejiang Haideman Intelligent Equipment Co., Ltd. announced the provision for impairment losses for the first half of 2025, totaling RMB 7,965,979.82, to reflect the company's financial status and asset value more accurately as of June 30, 2025 [1][2]. Group 1: Impairment Loss Details - The company conducted a comprehensive review and impairment testing of its assets, identifying several items requiring credit impairment and asset impairment losses [1]. - The breakdown of impairment losses includes: - Goodwill impairment loss: RMB 13,565.08 - Inventory write-down loss: RMB 7,289,571.89 (previously a gain of RMB 478,809.55) - Contract asset impairment loss: RMB 38,288.55 - Accounts receivable bad debt loss: RMB 722,965.63 (previously a loss of RMB 709,586.66) - Notes receivable bad debt loss: RMB 31,046.53 (previously RMB 22,640.75) - Other receivables bad debt loss: RMB 52,880.76 (previously a gain of RMB 996,366.28) - Total: RMB 7,965,979.82 (previously a loss of RMB 169,389.18) [1][2]. Group 2: Impact on Financial Statements - The impairment losses will be included in the company's consolidated profit and loss for the first half of 2025, thereby reducing the total profit [2]. - The provision is deemed reasonable and compliant with the relevant accounting standards, ensuring a true and fair view of the company's financial condition and asset value [2]. Group 3: Opinions from Supervisory and Audit Committees - The Supervisory Board supports the impairment provision, stating it aligns with accounting standards and reflects the company's current situation accurately [2]. - The Audit Committee of the Board agrees that the provision will provide more reliable and accurate accounting information to investors, endorsing the decision to submit it for Board review [2].

Core Viewpoint - The supervisory board of Qingdao Huijintong Electric Equipment Co., Ltd. held its fourth meeting of the fifth session, approving several key proposals related to financial reporting, credit impairment, energy management contracts, and shareholder return planning [1][2][3]. Group 1: Financial Reporting - The supervisory board approved the proposal for credit impairment and asset impairment losses for the first half of 2025, affirming that the accounting treatment aligns with actual conditions and prudence principles [1]. - The board also approved the 2025 half-year report and its summary, confirming that the report accurately reflects the company's operational status without any misleading statements or omissions [2]. Group 2: Energy Management and Related Transactions - The board approved the signing of an energy management and energy-saving service contract with the related party, Qingdao Jintong New Energy Technology Co., Ltd., with a total transaction amount of approximately 44 million yuan, aimed at reducing electricity costs and enhancing economic benefits [2][3]. - The expected total energy-saving benefits from the storage project over the contract period are estimated to be around 14 million yuan, with the company sharing approximately 1.4 million yuan of these benefits [2]. Group 3: Shareholder Return Planning - The supervisory board approved a proposal for the company's shareholder return plan for the next three years (2025-2027), which will be submitted for review at the shareholders' meeting [3].