Financial Performance - The company reported a total revenue of 129 million yuan for the first half of 2025, an increase of 6.94% year-on-year [1] - The net profit attributable to shareholders was 37.48 million yuan, a decrease of 13.0% compared to the previous year [1] - The gross margin was 43.51%, down 2.17% year-on-year, while the net margin decreased by 18.39% to 28.61% [1] - The total accounts receivable reached 116 million yuan, representing 122.93% of the net profit, indicating a significant receivables issue [1][4] - Operating cash flow per share increased by 88.16% to 0.4 yuan, while earnings per share decreased by 14.29% to 0.48 yuan [1] Expense Analysis - Total sales, management, and financial expenses amounted to 942.98 million yuan, accounting for 7.29% of revenue, a significant increase of 176.09% year-on-year [1] - Sales expenses rose by 76.55% due to increased travel and exhibition costs [3] - Management expenses increased by 32.68%, attributed to higher travel costs and share-based payment expenses [3] - Research and development expenses grew by 55.95%, reflecting increased personnel costs and share-based payments [3] Asset and Liability Changes - Cash and cash equivalents increased significantly, with a net increase of 613.21% due to improved cash flow from operating and investing activities [3] - Other receivables increased by 170.78% due to an increase in petty cash [2] - Long-term prepaid expenses decreased by 91.58% due to reduced office renovation costs [2] - The company has a healthy cash position, indicating strong liquidity [4] Market and Business Outlook - The company expects growth in solar motor revenue, although a slight decline in gross margin is anticipated [4] - The company is focusing on maintaining its non-standard customization approach while transitioning towards standardization in product offerings [5] - The company has a robust order backlog, particularly in the energy storage motor segment, benefiting from growth in the power industry [7] - The company is actively exploring investment opportunities beyond robotics, maintaining a cautious yet open approach [6]

投资者关系活动记录表 编号：2025-002 证券代码：301023证券简称：江南奕帆 无锡江南奕帆电力传动科技股份有限公司 | 投资者关系活动类别 | 特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 ☐业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | | 林锐基金 姬永锋 丁威、宁波泽添基金林晨、苏州星澜管理樊靖、国 元证券 贺珊唐小强包正清王露丹、东方财富证券 岳高岩 章群、 | | 参与单位名称及人员姓名 | 韬伯资本张文斌、华泰证券罗东 刘浩、云岫资本 葛洪、西南证 | | | 券周鑫雨、西部证券 董正奇 邓宇轩、东北证券王浩然、太平洋证 | | | 券 崔文娟、个人投资者 刘杰力 | | 时间 | 2025年05月26日 14:00-16:00 | | 地点 | 公司会议室 | | | 董事兼总经理 刘松艳 董事兼副总经理 孙定坤 | | 上市公司接待人员姓名 | | | | 财务总监兼董事会秘书、副总经理 唐颖彦 | | | 证券事务代表吴维洁 | | | 1、公司太阳能电机营收预计会增 ...