证券代码：688789 证券简称：宏华数科 公告编号：2025-042 杭州宏华数码科技股份有限公司 关于向特定对象发行股票募投项目结项 二、募集资金投资项目情况 根据公司披露的《杭州宏华数码科技股份有限公司2022年度向特定对象发行A股股票募集说明书（注册 稿）》，公司2022年度向特定对象发行A股股票（以下简称"本次发行"）募集资金投资项目及使用计划 如下： 单位：万元 并将节余募集资金永久补充流动资金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 杭州宏华数码科技股份有限公司（以下简称"公司"或"宏华数科"）于2025年9月24日召开第八届董事会 第二次会议，审议通过了《关于向特定对象发行股票募投项目结项并将节余募集资金永久补充流动资金 的议案》，同意公司向特定对象发行股票募集资金投资项目（以下简称"募投项目"）"年产3,520套工业 数码喷印设备智能化生产线"结项，并将节余募集资金（含利息收入）16,326.14万元（实际金额以资金 转出当日计算的该项目募集资金剩余金额为准）用于永久补充流动资金。保荐机构中 ...

Core Viewpoint - Honghua Digital Technology (688789.SH) announced the conclusion of its fundraising project for the production line of 3,520 sets of industrial digital printing equipment and plans to use the remaining funds for working capital [1] Group 1 - The company held its eighth board meeting on September 24, 2025, where it approved the conclusion of the fundraising project [1] - The remaining funds from the fundraising project, including interest income, amount to 163.2614 million yuan, which will be permanently allocated to supplement working capital [1]

Core Viewpoint - Zhengzhou New Century Digital Technology Co., Ltd. (Century Digital) is facing significant changes in its investment structure as it approaches a critical period for its listing on the Beijing Stock Exchange, with recent performance showing a decline in revenue and net profit [1][5]. Company Overview - Century Digital specializes in digital printing technology, focusing on industrial applications such as textile digital printing, advertising signage, and corrugated box packaging [2]. - The company is controlled by Jin Lifeng, who holds 88.24% of the shares [2]. Investment Changes - After three years, the original institutional investor exited in April 2025, while new investors signed a performance agreement with Jin Lifeng, stipulating that the company must have its listing application accepted by the end of June 2025 and successfully listed by the end of June 2027, or face a buyback [1][3]. - The previous investor, Zhongchuangxin Fund, had set profit targets for 2021-2023, which Century Digital failed to meet in 2021 and 2022 [4]. Financial Performance - Century Digital's revenue and net profit declined in the first half of 2025, with revenue at 3.11 billion and a net profit of 241.08 million, representing a year-on-year decrease of 4.4% and 16.45%, respectively [5]. - The company reported a drop in its net profit margin, with a non-recurring net profit decrease of over 20% [1][5]. Research and Development - R&D spending in the first half of 2025 was 130.36 million, down 5.32% year-on-year, indicating a lower investment in innovation compared to industry peers [5][6]. - R&D expenses as a percentage of revenue have consistently been below 6%, contrasting with comparable companies in the industry [5][6]. Sales and Marketing - Sales expenses increased by 47.73% in the first half of 2025, totaling 127.65 million, attributed to higher salaries and increased marketing costs, despite a decline in revenue [6]. - The core products, digital inkjet printers and digital printing machines, saw a revenue decline of 10.7% and 16.36%, respectively, in the first half of 2025 [6].

Core Viewpoint - Zhengzhou New Century Digital Technology Co., Ltd. (Century Digital) is facing significant changes in its investment structure as it approaches its listing on the Beijing Stock Exchange, with original investors exiting and new investors entering under a performance-based agreement [1][2][9]. Company Overview - Century Digital specializes in digital printing technology, focusing on industrial applications such as textile digital printing, advertising signage, and corrugated box packaging [3]. - The company has a history of fluctuating market presence, having been listed on the New Third Board in 2016, delisted in 2019, and planning a second listing in January 2024 [5]. Financial Performance - The company reported a decline in both revenue and net profit for the first half of 2025, with revenue of 311 million yuan, down 4.4% year-on-year, and net profit of 24.11 million yuan, down 16.45% [2][11]. - For the years 2021 to 2024, Century Digital's revenue was 363 million yuan, 414 million yuan, 571 million yuan, and 569 million yuan, respectively, while net profit figures were 20.68 million yuan, 31.79 million yuan, 49.88 million yuan, and 57.30 million yuan [11]. Investment Changes - Original institutional investors exited their positions in April 2023, triggering a buyback clause due to the company's failure to complete an IPO within the agreed timeframe [6][9]. - New investors, including Jinan Quanyun Lake Light Equity Investment Partnership and Shandong Huiyi Venture Capital, have signed similar performance agreements with the company's actual controller, Jin Lifeng, regarding the IPO timeline [9][10]. Research and Development - Century Digital's R&D expenditure for the first half of 2025 was 13.04 million yuan, a decrease of 5.32% year-on-year, indicating a trend of reduced investment in innovation compared to industry peers [12][15]. - The company's R&D expenses as a percentage of revenue have consistently been below the industry average, with figures of 3.52%, 3.24%, and 4.25% for the years 2022 to 2024 [12]. Sales and Marketing - Sales expenses increased by 47.73% in the first half of 2025, totaling 12.77 million yuan, despite a decline in revenue, suggesting inefficiencies in sales strategies [12][15]. - The core products, digital inkjet printers and digital printing machines, saw a revenue decline of 10.7% and 16.36%, respectively, in the first half of 2025 [15].

Core Viewpoint - Zhengzhou New Century Digital Technology Co., Ltd. (Century Digital) is facing significant changes in its investment structure as it approaches a critical period for its listing on the Beijing Stock Exchange, with original investors exiting and new investors entering into a performance-based agreement with the controlling shareholder, Jin Lifeng [1][2]. Group 1: Company Overview - Century Digital specializes in digital printing technology, focusing on industrial applications such as textile digital printing, advertising signage, and corrugated box packaging [3]. - The company was listed on the New Third Board in 2016, delisted in 2019, and is set to relist in January 2024 [4]. Group 2: Financial Performance - As of June 30, the total market value of Century Digital was 620 million yuan, with Jin Lifeng's share value exceeding 540 million yuan [5]. - The company reported a decline in revenue and net profit for the first half of 2025, with revenue of 311 million yuan, down 4.4% year-on-year, and net profit of 24.11 million yuan, down 16.45% year-on-year [10][11]. - The company's performance has not met the profit targets set in agreements with investors, with net profits for 2021 and 2022 falling short of the stipulated goals [11]. Group 3: Investment and Shareholder Changes - The original institutional investors exited their positions due to the company not completing its IPO within the agreed timeframe, triggering buyback clauses [8]. - New investors, including Jinan Quanyun Lake Light Equity Investment Partnership and Shandong Huiyi Venture Capital, have signed new performance agreements with Jin Lifeng, stipulating similar buyback conditions if the company fails to meet listing deadlines [8][9]. Group 4: Research and Development - Century Digital's R&D expenditure for the first half of 2025 was 13.04 million yuan, a decrease of 5.32% year-on-year, indicating a long-term trend of R&D investment below industry averages [12]. - The company’s R&D expenses as a percentage of revenue have been consistently lower than comparable companies in the industry [12][14]. Group 5: Sales and Market Dynamics - Sales expenses increased by 47.73% in the first half of 2025, totaling 12.77 million yuan, despite a decline in revenue, suggesting ineffective sales strategies [15]. - Revenue from core products, including digital inkjet printers, has also seen a decline, with a drop of 10.7% and 16.36% respectively for the first half of 2025 [15].

Core Viewpoint - Zhengzhou New Century Digital Technology Co., Ltd. (Century Digital) is facing significant challenges as it approaches its listing on the Beijing Stock Exchange, including a change in investors and declining financial performance [1][7]. Investment Changes - After more than three years, the original institutional investor exited in April 2023, while new investors signed a performance agreement with the actual controller, Jin Lifeng, stipulating that the company must have its listing application accepted by June 30, 2025, and successfully listed by June 30, 2027, or face a buyback [1][5]. - The original institutional investor, Zhongchuangxin Fund, had previously invested 40.08 million yuan for a 10.02% stake, with performance targets set for net profits from 2021 to 2023 [3][4]. Financial Performance - Century Digital's revenue and net profit both declined in the first half of 2025, with revenue at 311 million yuan, down 4.4% year-on-year, and net profit at 24.11 million yuan, down 16.45% [7][8]. - The company reported a decrease in net profit for 2024, with a total revenue of 56.87 million yuan, slightly down from 57.11 million yuan in 2023 [9]. R&D and Sales Expenses - R&D spending in the first half of 2025 was 13.04 million yuan, a decrease of 5.32% year-on-year, indicating a long-term trend of lower R&D investment compared to industry peers [8][10]. - Sales expenses increased by 47.73% in the first half of 2025, totaling 12.77 million yuan, despite a decline in revenue, suggesting ineffective sales strategies [10][11]. Product Performance - The core products, digital inkjet printers and digital printing machines, accounted for over 70% of the company's main business revenue from 2022 to 2024, but saw significant revenue declines in the first half of 2025 [11].

每经记者｜陈晴 每经编辑｜文多 正值冲刺北交所上市的关键时刻，数码喷印设备制造商——郑州新世纪数码科技股份有限公司（以下简 称"世纪数码"）却迎来投资方变动。 苦守三年多以后，原有机构于今年4月清仓退出，几乎同时，新进投资方与实控人金利峰签下对赌协 议，约定公司上市申请需在2025年6月底前获得受理并于2027年6月底前成功上市，否则将触发回购。 尽管公司的上市申请已于6月30日"压线"获受理，却难掩近期业绩疲软：今年上半年公司营收、净利润 双双下滑，扣非净利润更跌超20%。 原机构上市关键期清仓退出 世纪数码以数码喷印技术为核心，主营业务聚焦于纺织数码印花、广告标识及瓦楞纸箱包装数码打印的 工业应用，专业从事数码喷墨印花机、数码打印机、瓦楞彩箱数码印刷机等数码喷印设备及相关配件耗 材的研发、生产和销售。 图片来源：世纪数码招股书（申报稿）截图 世纪数码控股股东、实际控制人为金利峰，其直接持有公司88.24%的股份。公司曾于2016年在新三板 挂牌，2019年摘牌后于2024年1月二次挂牌。 2021年10月，公司启动增资，河南中创信环保产业创业投资基金（有限合伙）（以下简称中创信基金） 认购334万股，总投 ...

Core Viewpoint - The company reported strong revenue and profit growth in the first half of 2025, driven by market expansion and digital transformation in downstream industries [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 1.038 billion yuan, a year-on-year increase of 27.16%, and a net profit attributable to shareholders of 251 million yuan, up 25.15% year-on-year [1]. - Q2 2025 revenue reached 559 million yuan, growing 25% year-on-year, with a net profit of 142 million yuan, an increase of 25.12% year-on-year [2]. - The gross margin slightly decreased to 43.79%, down 2.05 percentage points, while the net margin increased marginally to 25.47%, up 0.03 percentage points [2]. Product Performance - Revenue from digital printing equipment, ink, and automated sewing equipment in H1 2025 was 670 million yuan, 272 million yuan, and 42 million yuan, respectively, with year-on-year growth rates of 42.75%, 14.76%, and a decline of 30.39% [3]. - The gross margins for digital printing equipment, ink, and automated sewing equipment were 42.64%, 49.91%, and 10.22%, showing declines of 3.41, 0.66, and 16.95 percentage points, respectively [3]. Market Expansion and Technological Development - The company is actively exploring applications of digital printing technology, expanding its domestic and international sales networks, leading to significant growth in overseas sales [4]. - The company is integrating domestic supply chains with German technology to enhance production capabilities, resulting in a notable increase in domestic orders for automated sewing machines [4]. Investment Projects - The company’s IPO project for an annual production of 2,000 sets of industrial digital printing equipment has commenced production, generating approximately 90 million yuan in benefits in H1 2025 [5]. - A project for an annual production of 3,520 sets of industrial digital printing equipment is expected to be completed in Q3 2025 [5]. - The construction of a digital printing ink and equipment integration base is nearing completion, which will enhance the company's capabilities in the digital printing sector [5]. Future Outlook - Revenue projections for 2025-2027 are 2.335 billion yuan, 2.978 billion yuan, and 3.616 billion yuan, representing year-on-year growth rates of 30.4%, 27.5%, and 21.4% [6]. - Expected net profits for the same period are 530 million yuan, 679 million yuan, and 824 million yuan, with growth rates of 27.9%, 28.1%, and 21.4% [6].

Core Viewpoint - The article highlights the growth and technological advancements of Honghua Digital Technology, emphasizing its focus on digital printing in the textile industry and its strategic plans for future expansion and innovation [2][5][8]. Group 1: Company Overview - Honghua Digital Technology has been a leader in the digital printing sector for over 30 years, evolving from a software company to a major player in textile digital printing [5]. - The company was listed on the Science and Technology Innovation Board four years ago, with projected revenue of nearly 1.8 billion yuan and a net profit of 414 million yuan for 2024, reflecting a stable annual compound growth rate of over 20% since its listing [5]. - The company’s business model integrates equipment and consumables, producing both printing machines and inks, which enhances its market competitiveness [5][6]. Group 2: Technological Advancements - Honghua Digital Technology has implemented advanced manufacturing technologies, such as robotic welding, which has increased production efficiency by approximately six times [3]. - The company’s digital printing equipment can achieve a printing speed of over 100 meters per minute, showcasing significant improvements in operational efficiency [4]. - Continuous R&D efforts have led to innovations like low thermal expansion coefficient glue-filled steel beams, which enhance printing precision without increasing costs [4]. Group 3: Market Position and Strategy - The company has established a strong customer base both domestically and internationally, with notable clients in the textile industry and a growing presence in South and Southeast Asia [6]. - Honghua Digital Technology aims to deepen its industry presence by integrating the entire supply chain from dye synthesis to equipment manufacturing, thereby improving cost efficiency and supply chain stability [7]. - The company is also expanding into non-textile sectors, leveraging its digital printing technology for applications in publishing, packaging, and construction materials, with significant market potential as digital penetration in these areas is still low [7][8]. Group 4: Future Outlook - The management is optimistic about the industry’s growth potential, noting that digital printing penetration in the textile sector is around 10%, while non-textile sectors are below 1%, indicating substantial room for growth [8]. - The company plans to increase its production capacity and focus on the printing sector starting next year, aiming to create new growth momentum through its core technologies and market resources [8].

Core Viewpoint - The 2025 Venture Capital Development Conference in Liaoning highlights the province's growing appeal as a "new magnet" for national venture capital, addressing the financing challenges in technological innovation and injecting "financial vitality" into industrial upgrades and revitalization efforts [1][3]. Group 1: Financing Challenges and Solutions - The need for financial support in overcoming the "first kilometer" of technological innovation is emphasized, with venture capital playing a crucial role in resource allocation and risk-sharing [3]. - The conference serves as a platform for attracting external venture capital institutions to engage with Liaoning's tech enterprises, facilitating quicker access to funding opportunities [3][4]. - Companies like Shenyang Flying Ship and Sikai Technology are actively seeking financial partnerships to support their innovative projects and expand their market reach [4][6]. Group 2: Investment Trends and Opportunities - Over 100 external investment institutions participated in the conference, indicating a significant increase in interest compared to initial estimates [6]. - Liaoning's high-tech industry investment has risen by 1.8 percentage points in fixed asset investment, showcasing the province's rapid development in this sector [6]. - Investment focus areas include high-end equipment manufacturing, smart manufacturing, and new materials, with a particular emphasis on sectors like semiconductors and artificial intelligence [6][7]. Group 3: Government Support and Initiatives - The Liaoning government has implemented various measures to support venture capital development, including financial incentives for institutions and talent [9]. - Since September 2024, 25 new funds have been established in Liaoning, with a total subscription amount exceeding 7.5 billion yuan, targeting high-end manufacturing and new energy sectors [7][9]. - The province has launched initiatives such as the "Enterprise Technology Special Commissioner" program to address innovation needs and promote collaboration between research and production [7].