Overview of Business Performance - The company reported total revenue of 2.229 billion yuan for the first half of 2025, a year-on-year decrease of 13.97% [1] - The net profit attributable to shareholders was 2.5138 million yuan, down 98.72% year-on-year [1] - The non-recurring net profit was -36.3363 million yuan, a decline of 133.77% year-on-year [1] - In Q2, total revenue was 1.19 billion yuan, down 17.78% year-on-year [1] - Q2 net profit attributable to shareholders was -43.075 million yuan, a decrease of 128.09% year-on-year [1] - Q2 non-recurring net profit was -60.3048 million yuan, down 171.72% year-on-year [1] Key Financial Indicators Analysis - Total sales, management, and financial expenses amounted to 212 million yuan, accounting for 9.52% of revenue, an increase of 7.76% year-on-year [2] Cash Flow and Financial Position - The company experienced a significant decline in cash and cash equivalents, with a net decrease of 95.93% due to increased investments in financial products and debt repayments [5] - The company’s monetary funds decreased by 25.73% year-on-year to 2.541 billion yuan [5] - Accounts receivable increased by 1.76% year-on-year to 5.711 billion yuan, representing 10,747.5% of the latest annual net profit [5] Financial Condition Review - The gross profit margin was 27.36%, down 14.81% year-on-year [5] - The net profit margin was 0.3%, a decrease of 96.55% year-on-year [5] - Earnings per share were 0 yuan, down 98.73% year-on-year [5] - Interest-bearing liabilities increased by 57.49% year-on-year to 3.595 billion yuan [5] Development Review and Outlook - The company operates in four main business areas: wireless communication, Beidou navigation, aerospace, and digital ecology, with R&D investment accounting for 20.05% of revenue, totaling 447 million yuan [6] - The company has made significant progress in military applications of AI technology, satellite internet, and low-altitude economy, and has deepened collaboration with China Mobile to promote technology upgrades and application scenarios [6] Summary - The company’s mid-2025 report indicates a significant decline in performance, particularly in net profit and non-recurring net profit, necessitating a focus on cash flow management and accounts receivable to ensure future financial health [7]

Group 1 - The company, Huizhou Shobeyde Wireless Technology Co., Ltd., has changed the purpose of its repurchased shares from "for employee stock ownership plan or equity incentives" to "for cancellation and reduction of registered capital" [1] - Following the cancellation of shares, the total number of shares will decrease from 465,746,427 to 460,811,445, and the registered capital will reduce from 465,746,427 yuan to 460,811,445 yuan [1] Group 2 - The company has notified creditors regarding the reduction of registered capital due to the cancellation of repurchased shares, in accordance with the Company Law of the People's Republic of China [2] - Creditors have a period of thirty days from receiving the notice, or forty-five days from the announcement date, to request debt repayment or provide corresponding guarantees [2] - The submission of claims can be done through in-person, mail, or email, and specific documentation is required for the claims [2]