跨境电商出口业务仍是有棵树当前核心主业，运营实体主要包括深圳有棵树与长沙有棵树。跨境电商出口业务的主要业务模 式为，B2C模式下，依托海外第三方综合性电商平台，向境外消费者售卖中国制造的高性价比产品。 有棵树主要依托海外第三方综合性电商平台进行经营。公司销售的产品类型主要包括家居建材和家居用品、电子产品、手机 通讯和游戏配件、体育用品、玩具、保健品及生活用品等。 2024年度，母公司通过破产重整成功化解债务危机。现阶段，因跨境电商主要运营主体资金压力较大，跨境电商业务在报告 期内复苏不及预期，营业收入相比上年同期继续下滑。 8月26日，有棵树发布2025年H1业绩报告称，上半年营收为42,573,389.21元，同比暴跌81.33%；归属于上市公司股东的净利 润为1,876,952.53元，同比扭亏为盈；扣除非经常性损益后的净亏损为8,999,337.14元，比上年同期减亏81.09%。 截至上半年末，有棵树总资产为1,147,590,308.5元，同比下降10.94%；归属于上市公司股东的净资产为957,321,340.59元，同 比增长3.51%。 | | 本报告期 | 上年同期 | 本报告期比上年同期增 ...

| 有棵树科技股份有限公司 2025 年半年度报告全文 | | | | --- | --- | --- | | 有棵树科技股份有限公司 | | | | 【2025 年 8 月】 | | | | 有棵树科技股份有限公司 2025 年半年度报告全文 | | | | 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 | | | | 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 | | | | 个别和连带的法律责任。 | | | | 公司负责人肖燕、主管会计工作负责人肖燕及会计机构负责人(会计主管 | | | | 人员)肖燕声明：保证本半年度报告中财务报告的真实、准确、完整。 | | | | 所有董事均已出席了审议本次半年报的董事会会议。 | | | | 本报告涉及的发展战略及未来前瞻性陈述，不构成公司对投资者的实质承 | | | | 诺。投资者及相关人士均应对此保持足够的风险认识，并且应当理解计划、 | | | | 预测与承诺之间的差异。 | | | | 公司在经营管理中需要投资者关注的重大风险已在本报告中"第三节管理 | | | | 层讨论与分析"之"十、公司面临的风险和应对措 ...

Core Viewpoint - The company has successfully completed its bankruptcy reorganization, resulting in a debt restructuring gain of 210 million yuan, which has positively impacted its financial position and operational capabilities [1][10][12]. Group 1: Bankruptcy Reorganization Process - The company applied for bankruptcy reorganization due to severe financial difficulties and was accepted by the Changsha Intermediate People's Court on September 30, 2024 [2]. - The reorganization plan was approved on December 2, 2024, and the court confirmed the completion of the plan on December 25, 2024 [3][7]. - The reorganization involved a capital increase through the conversion of capital reserves into share capital, resulting in a total of 506,528,796 shares post-restructuring [3][4]. Group 2: Debt Restructuring Details - The company categorized its debts into secured claims, tax claims, ordinary claims, and subordinated claims, with specific amounts confirmed for each category [5]. - As of April 25, 2025, the company had completed 98.73% of cash payments to creditors and 92.66% of stock payments, indicating effective execution of the restructuring plan [7][8]. - The restructuring plan allowed for the conversion of debts into equity at a price of 10 yuan per share, with specific provisions for different classes of creditors [8][12]. Group 3: Financial Impact and Recovery - The company reported a net asset increase of 210.2 million yuan due to the debt restructuring, significantly improving its financial health [11][12]. - The company’s cash and cash equivalents increased by 1.086 billion yuan, while liabilities decreased by 403.5 million yuan as a result of the reorganization [12][25]. - The company’s operational recovery is supported by the infusion of capital from restructuring investors, which is expected to enhance its cross-border e-commerce business [26][27]. Group 4: Future Business Strategy - The company plans to leverage the resources provided by restructuring investors to strengthen its cross-border e-commerce operations and diversify its market presence [27]. - Strategies include retaining high-quality assets, adjusting or divesting underperforming assets, and expanding into non-U.S. markets to mitigate risks [27][28].