广州广哈通信股份有限公司 2025 年半年度报告全文 广州广哈通信股份有限公司 广州广哈通信股份有限公司 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。 公司负责人孙业全、主管会计工作负责人陈炜及会计机构负责人(会计主管人员)邱锋声明：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。 公司在经营管理中可能面临的风险与对策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施"部分予以描述。敬请广大投资者关注，注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 广州广哈通信股份有限公司 2025 年半年度报告 全文 目 录 广州广哈通信股份有限公司 2025 年半年度报告全文 一、载有公司法定代表人签名、公司盖章的 2025 年半年度报告及摘要文本原件； 二、载有公司负责人、主管会计工作负责人、会计机构负责人签名并盖章的财务报表； 三、报告期内，公司在中国证监会指定网站上公开披露过的所有公司文件 ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 24.58 CNY, indicating a potential upside from the current price of 20.78 CNY [6]. Core Insights - The company is focusing on becoming a leading AI-driven technology energy enterprise, providing core business software solutions and digital services to major clients in the energy sector [3]. - The company has seen rapid growth in its electricity trading services, with a fivefold increase in overall trading volume expected in 2024 compared to the previous year [4]. - The company is actively deepening its collaboration with Ant Group in the RWA (Real World Asset) sector, enhancing its service offerings in the energy market [10]. Summary by Sections Company Overview - The company aims to leverage AI technology to support the construction of a new power system and enhance energy digitalization services [3]. Business Strategy - The company is expanding its electricity trading services as the market becomes more competitive, with significant growth opportunities anticipated in the coming years [4]. - The company has connected over 800,000 photovoltaic power stations, with a total installed capacity exceeding 50 GW, facilitating green electricity trading [4]. Financial Projections - The company is projected to achieve revenues of 5.17 billion CNY in 2025, with net profits expected to reach 531 million CNY [11]. - The company’s earnings per share (EPS) is forecasted to be 0.49 CNY in 2025, with a price-to-earnings (P/E) ratio of 28.82 [13]. Market Position - The company is positioned to benefit from the ongoing market reforms in the energy sector, which are expected to create new trading opportunities worth hundreds of billions to trillions of CNY [4]. - The company has maintained a 100% performance rate in its trading operations for three consecutive years, indicating strong operational reliability [4].

Core Viewpoint - Chengdu Pregnant and Infant World Co., Ltd. has completed its listing guidance report and plans to list on the Beijing Stock Exchange, with Guosen Securities as the guidance institution [2] Financial Performance - In 2024, the company achieved operating revenue of 1.038 billion yuan, a year-on-year increase of 39.71% [3] - The net profit attributable to shareholders was 120.22 million yuan, up 26.92% year-on-year [3] - The gross profit margin was 20.09%, down from 22.16% in the previous year [3] - Basic earnings per share increased to 0.33 yuan from 0.26 yuan, reflecting a growth of 26.92% [3] Ownership Structure - The actual controllers of the company are Jiang Dabin and Wang Weijian, with Jiang holding 5.71% of the shares directly [4] - Together, Jiang and Wang indirectly hold 68.27% of the company through their control of Chengdu Junlong, which gives them a combined voting power of 80.40% [4] Company Background - Founded in 2016, Chengdu Pregnant and Infant World is a digital innovation-driven mother and baby chain enterprise, focusing on professional services to support the sustainable development of maternal and infant operators [2]