Trading Information - As of August 28, 2025, Rainbow Co., Ltd. (600707) closed at 6.52 CNY, up 0.93%, with a turnover rate of 1.51%, trading volume of 543,000 shares, and a transaction value of 349 million CNY [1] - On the same day, the net outflow of main funds was 34.4 million CNY, accounting for 9.85% of the total transaction value; retail funds had a net inflow of 31.47 million CNY, accounting for 9.01% of the total transaction value [1][5] Shareholder Changes - As of June 30, 2025, the number of shareholders increased to 78,000, up by 7,487 households, representing a growth of 10.62%; the average shareholding per household decreased from 50,900 shares to 46,000 shares, with an average market value of 297,200 CNY [2] Financial Performance - The mid-year report for 2025 shows that the main revenue was 5.665 billion CNY, a year-on-year decrease of 6.72%; the net profit attributable to shareholders was 452 million CNY, down 50.69%; the net profit after deducting non-recurring items was 406 million CNY, down 51.12% [3] - In the second quarter of 2025, the main revenue was 2.699 billion CNY, a year-on-year decrease of 14.56%; the net profit attributable to shareholders was 129 million CNY, down 79.74%; the net profit after deducting non-recurring items was approximately 99.94 million CNY, down 82.77% [3] Company Announcements - Rainbow Co., Ltd. will hold its first extraordinary general meeting of 2025 on September 17, 2025, at 14:00, with a combination of on-site and online voting; the meeting will review two proposals: 1. Proposal to cancel the supervisory board and amend the Articles of Association; 2. Proposal to use reserve funds to cover losses [4] - The proposals have been approved by the ninth meeting of the tenth board of directors and will be disclosed on the Shanghai Stock Exchange website and in relevant financial newspapers [4]

Core Viewpoint - The company reported its 2025 H1 financial results, showing a slight revenue increase and significant growth in net profit, indicating a positive performance trend despite challenges in overseas markets [1][2]. Financial Performance - In 2025 H1, the company achieved revenue of 1.819 billion yuan, a year-on-year increase of 1.15%, and a net profit attributable to shareholders of 116 million yuan, up 30.84% year-on-year. The net profit excluding non-recurring items was 107 million yuan, reflecting a substantial increase of 90.64% year-on-year [1][2]. - For Q2 2025, the company reported revenue of 993 million yuan, a year-on-year increase of 6.35% and a quarter-on-quarter increase of 20.25%. The net profit attributable to shareholders was 80 million yuan, up 348.03% year-on-year and 118.95% quarter-on-quarter. The net profit excluding non-recurring items was 68 million yuan, showing a remarkable increase of 975.86% year-on-year and 71.50% quarter-on-quarter [2]. Profitability Metrics - The gross margin for 2025 H1 was 31.22%, an increase of 3.31 percentage points year-on-year. In Q2 2025, the gross margin was 31.57%, reflecting a year-on-year increase of 5.96 percentage points and a quarter-on-quarter increase of 0.76 percentage points [3]. - The operating expense ratio for 2025 H1 was 24.25%, a decrease of 0.89 percentage points year-on-year. The breakdown of expenses showed sales, management, R&D, and financial expense ratios of 14.28%, 6.17%, 4.47%, and -0.66%, respectively [4]. Global Strategy and Competitive Edge - The company has established a channel network of approximately 6,000 partners across over 140 countries and regions, utilizing a tiered management model to effectively respond to global market demands [5]. - The service system includes 40 service centers worldwide and over 800 professional service partners, providing 24/7 technical support. The company has also launched the ACE engineer training program, with over 4,500 certified engineers globally [5]. Investment Outlook - Based on the 2025 H1 report, the company has adjusted its revenue forecasts for 2025-2027 to 4.028 billion, 4.682 billion, and 5.454 billion yuan, reflecting year-on-year growth rates of 10.0%, 16.2%, and 16.5%. The projected net profits for the same period are 266 million, 357 million, and 476 million yuan, with year-on-year growth rates of 127.2%, 34.3%, and 33.3% [6]. - The expected EPS for 2025-2027 is 0.72, 0.97, and 1.29 yuan, with corresponding PE ratios of 17.02x, 12.67x, and 9.51x based on the stock price of 12.25 yuan on August 27, 2025 [6].

2025年8月28日，京东方A(000725.SZ)发布2025年中报。 公司营业总收入为1012.78亿元，在已披露的同业公司中排名第1，较去年同报告期营业总收入增加78.92 亿元，实现2年连续上涨，同比较去年同期上涨8.45%。归母净利润为32.47亿元，在已披露的同业公司 中排名第1，较去年同报告期归母净利润增加9.63亿元，实现2年连续上涨，同比较去年同期上涨 42.15%。经营活动现金净流入为227.36亿元，在已披露的同业公司中排名第1。 公司股东户数为109.35万户，前十大股东持股数量为106.95亿股，占总股本比例为28.59%，前十大股东 持股情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | T | 北京国有资本运营管理有限公司 | 10.86% | | 2 | 香港中央结算有限公司 | 5.47% | | 3 | 北京京东方投资发展有限公司 | 2.20% | | 4 | 北京京国瑞国企改革发展基金(有限合伙) | 1.92% | | 5 | 合肥建翔投资有限公司 | 1.78% | | ଚ | 中国工商银行股份有限公司-华泰柏瑞沪深30 ...

股票简称：京东方 A 股票代码：000725 股票简称：京东方 B 股票代码：200725 中信建投证券股份有限公司 关于 京东方科技集团股份有限公司 预留授予股票期权第三个行权期行权条件成就 之 独立财务顾问报告 二〇二五年八月 第一章 释义 在本独立财务顾问报告中，除非另有说明，以下简称具有如下含义： 京东方、上市 指 京东方科技集团股份有限公司 公司、公司 中信建投证 券、本独立财 指 中信建投证券股份有限公司 务顾问 本次激励计 指 京东方 2020 年股票期权与限制性股票激励计划 划、本次计划 股票期权、期 公司授予激励对象在未来一定期限内以预先确定的价格和条件购买公 指 权 司一定数量股票的权利 公司根据本激励计划规定的条件和价格，授予激励对象一定数量的公司 限制性股票 指 股票，该等股票设置一定期限的限售期，在达到本激励计划规定的解除 限售条件后，方可解除限售流通 按照本激励计划规定获得股票期权或限制性股票的人员（含控股子公 激励对象 指 司），包括：董事会聘任的高级管理人员、公司内部科学家、副总裁、 高级技术专家、总监、技术专家、中层管理人员、经理与高级技术骨干 授权日/授予 公司向激励对象授 ...

致：京东方科技集团股份有限公司 中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话: （86-10） 5809-1000 传真: （86-10） 5809-1100 北京市竞天公诚律师事务所 关于京东方科技集团股份有限公司 预留授予股票期权第三个行权期行权条件成就及调整股票期权的行 权价格的法律意见书 本所接受京东方科技集团股份有限公司（以下称"公司"或"京东方"）的 委托，根据《中华人民共和国公司法》（以下称"《公司法》"）、《中华人民 共和国证券法》（以下称"《证券法》"）、《上市公司股权激励管理办法》（以 下称"《管理办法》"）、《深圳证券交易所上市公司自律监管指南第 1 号—— 业务办理》（以下称"《自律监管指南》"）等有关法律、法规和规范性文件、 《京东方科技集团股份有限公司章程》的规定以及《京东方科技集团股份有限公 司 2020 年股票期权与限制性股票激励计划（草案）》（以下称"《激励计划（草 案）》"）的规定，就公司实施 2020 年股票期权与限制性股票激励计划（以下 称"激励计划"或"本激励计划"或"本次激励计划"）中，预留授予股票期权 第三个行权期 ...

证券代码：000725 证券简称：京东方 A 公告编号：2025-065 证券代码：200725 证券简称：京东方 B 公告编号：2025-065 京东方科技集团股份有限公司 关于 2020 年股票期权与限制性股票激励计划预留授 予股票期权第三个行权期行权条件成就的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 京东方科技集团股份有限公司（以下简称"公司"）于 2025 年 会议，会议审议通过了《关于 2020 年股票期权与限制性股票激励计 划预留授予股票期权第三个行权期行权条件成就的议案》 。根据《上 市公司股权激励管理办法》、《京东方科技集团股份有限公司 2020 年 股票期权与限制性股票激励计划（草案）》 （以下简称"《激励计划》"） 等的有关规定， 次激励计划"）预留授予股票期权第三个行权期已达到行权条件。根 据 2020 年第二次临时股东大会的授权，由董事会为满足条件的激励 对象办理行权所必需的全部事宜。现将有关事项公告如下： 一、本次激励计划的实施情况 （一）本次激励计划已履行的相关审批程序 届监事会第六次会议审议通过了《关于 2020 年股 ...

华映科技8月27日大宗交易平台共发生2笔成交，合计成交量900.00万股，成交金额5148.00万元。成交价 格均为5.72元，相对今日收盘价折价1.72%。 | 成交量 | 成交金 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | 元） | （元） | | | | | 600.00 | 3432.00 | 5.72 | -1.72 | 中信证券股份有限公司北京总 部证券营业部 | 华福证券有限责任公司 莆田东圳东路证券营业 | | | | | | | 部 | | 300.00 | 1716.00 | 5.72 | -1.72 | 万联证券股份有限公司上海浦 东新区世纪大道证券营业部 | 华福证券有限责任公司 莆田东圳东路证券营业 | | | | | | | 部 | 证券时报·数据宝统计显示，华映科技今日收盘价为5.82元，下跌1.85%，日换手率为13.96%，成交额为 23.36亿元，全天主力资金净流出1.18亿元，近5日该股累计上涨4.49 ...

Core Insights - The company reported a revenue of 1.819 billion yuan for the first half of 2025, reflecting a year-on-year growth of 1.15% [1] - The net profit attributable to shareholders reached 116 million yuan, showing a significant year-on-year increase of 30.84% [1] - The net profit after deducting non-recurring gains and losses was 107 million yuan, which represents a substantial year-on-year growth of 90.64% [1] - The basic earnings per share (EPS) stood at 0.3146 yuan [1] - The company proposed a cash dividend of 2 yuan (including tax) for every 10 shares to all shareholders [1]

General Principles - The purpose of the external investment management system is to standardize the company's external investment behavior, establish a scientific decision-making system, reduce investment risks, and enhance investment efficiency [1] - External investment refers to the company's activities of investing monetary funds, equity, and assessed physical or intangible assets for future returns [1] Types of External Investments and Decision-Making Authority - The main types of external investments include establishing companies, increasing or decreasing equity investments, stock and bond investments, entrusted financial management, and other legally permitted investments [2] - Decision-making authorities for external investments are divided among the shareholders' meeting, board of directors, and general manager, with specific thresholds for approval [2][3] Investment Decision-Making Authority - Investments exceeding 50% of total audited assets, 50% of audited revenue over 50 million yuan, or 50% of audited net profit over 5 million yuan require board approval and submission to the shareholders' meeting [2] - Investments exceeding 10% of total audited assets, 10% of audited revenue over 10 million yuan, or 10% of audited net profit over 1 million yuan require board approval [3] Management of External Investments - The board secretary's office is responsible for feasibility studies and evaluations of external investment projects, while the finance department manages financial aspects [10] - The internal audit department conducts audits of external investments and reports to the audit committee [10] Tracking and Supervision of Investments - After implementation, the board secretary's office tracks investment projects and evaluates their effectiveness, reporting annually to the board [26] - The audit department supervises investment activities, ensuring compliance with internal controls and legal requirements [13] Management of Subsidiaries - The company exercises management over its controlling subsidiaries through appointed directors and senior management, ensuring alignment with the company's overall strategy [40] - Subsidiaries must establish internal management systems that comply with the company's regulations and report significant matters to the board [42][46] Reporting of Major Events - Subsidiaries are required to report significant events such as asset acquisitions, external investments, and major losses to the board secretary promptly [80] - A designated staff member in each subsidiary is responsible for communication with the company's board secretary regarding information disclosure [81]

苏州清越光电科技股份有限公司 内部审计制度 苏州清越光电科技股份有限公司 内部审计制度 苏州清越光电科技股份有限公司 内部审计制度 二零二五年八月 苏州清越光电科技股份有限公司 内部审计制度 目 录 第一章 总则 第一条 为了规范内部审计工作，明确内部审计机构和人员的职责，发挥内部 审计在强化内部控制、改善经营管理、提高经济效益中的作用，进一步促进苏 州清越光电科技股份有限公司（以下简称"公司"）的自我完善和发展，实现 内部审计工作的制度化和规范化，根据《中华人民共和国审计法》《中华人民 共和国公司法》《中华人民共和国证券法》等有关法律法规和规范性文件，以 及《苏州清越光电科技股份有限公司章程》（以下简称《公司章程》）的规定， 结合公司实际，特制定本制度。 第二条 本制度所称内部审计，是指由公司内部审计机构或人员，对其内部控 制和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效率和效 果等开展的一种评价活动。 第三条 本制度所称内部控制，是指公司董事会、高级管理人员及其他有关人 员为实现下列目标而提供合理保证的过程： 第四条 公司应当依照国家有关法律、法规、规章及本制度的规定，结合本公 司所处行业和 ...