证券代码：002925 证券简称：盈趣科技 厦门盈趣科技股份有限公司 向特定对象发行 A 股股票 方案论证分析报告 （一）本次向特定对象发行 A 股股票的背景 户服务经验 公司以自主创新的 UDM 模式（也称为 ODM 智能制造模式）为基础，主要 为客户提供智能控制部件、创新消费电子、健康环境及汽车电子等产品的研发、 生产，并为中小型企业提供智能制造解决方案。通过多年技术钻研与经验积累， 公司在设计系统集成、嵌入式软硬件开发、无线通信技术应用、物联网技术应用、 精密模具设计技术、表面处理技术、自动化工艺设计技术、AI 智能化应用及仿 真技术等核心技术领域构筑起显著竞争优势，形成了稳定的研发团队与丰富的研 发经验。 依托这些技术优势，公司深度参与国际知名客户产品全生命周期开发与生产， 从设计阶段到生产全流程管控均严格遵循国际标准，实现从原材料采购至成品出 厂的全链条质量把控，积累了深厚的国际化客户服务经验。 在全球供应链和贸易格局重构的背景下，为响应国际化客户对全球运营能力 的高要求，公司提出"大三角"发展战略，致力于构建亚洲（中国、马来西亚）、 欧洲（匈牙利）及美洲（墨西哥）三地国际智造基地同步运营、分工生产 ...

Core Insights - Yingqu Technology (002925.SZ) reported a revenue of 1.82 billion yuan for the first half of 2025, marking a year-on-year increase of 15.54%, while net profit attributable to shareholders only slightly increased by 1.66% to 138 million yuan [1] - The company's operating cash flow net amount rose by 27.49% to 308 million yuan, and net financial expenses decreased by 52.26% [1] - The company made provisions for credit and asset impairments totaling 26.97 million yuan, which reduced the net profit attributable to shareholders by 19.51 million yuan [1] Revenue Breakdown - The innovative consumer electronics segment saw significant growth of 41.86% to 676 million yuan, with a gross margin increase of 4.47 percentage points to 30.28% [1] - The automotive electronics business grew by 12.02% to 299 million yuan, driven by new customer acquisitions in France and the United States, although its gross margin declined by 6.09 percentage points [1] - The smart control components segment faced a decline of 15.50% to 494 million yuan due to trade friction, with a gross margin decrease of 2.75 percentage points to 23.71% [1] - Health and environmental products grew by 35.69%, but the scale remains below 100 million yuan [1] - Revenue growth for technology research and development services slowed to 3.08% [1] Management Actions - The company's general manager, Yang Ming, reduced his holdings by 779,700 shares during July 2025, with a total value of approximately 13.14 million yuan [1]