8月29日，仁智股份（维权）发布2025年半年报。报告显示，公司上半年营业收入为5041.33万元，同比 下降44.38%；归母净利润为-1184.80万元，同比增长32.65%；扣非归母净利润为-1182.14万元，同比增 长36.24%；基本每股收益-0.03元。 报告期内，仁智股份基本每股收益为-0.03元，加权平均净资产收益率为-23.36%。 以8月29日收盘价计算，仁智股份目前市盈率（TTM）约为151.03倍，市净率（LF）约为54.22倍，市销 率（TTM）约为9.14倍。 2025年上半年，公司毛利率为6.76%，同比上升2.77个百分点；净利率为-21.68%，较上年同期下降1.97 个百分点。从单季度指标来看，2025年第二季度公司毛利率为-2.42%，同比下降4.44个百分点，环比下 降12.61个百分点；净利率为-62.74%，较上年同期下降44.05个百分点，较上一季度下降56.42个百分 点。 资料显示，浙江仁智股份有限公司位于广东省深圳市福田区金田路3088号中洲大厦24层2404号，成立日 期2006年9月27日，上市日期2011年11月3日，公司主营业务涉及油田技术服务的技 ...

Core Viewpoint - The actual controller of Haimer Technology is planning to transfer control just over two years after taking over, indicating ongoing instability in the company's ownership and governance structure [1][4][10]. Group 1: Control Change Planning - Haimer Technology's actual controller, Su Zhancai, is planning a transfer of control and equity, with the new party expected to acquire at least 5% of the total shares and 22.39% of voting rights [4][5]. - This marks the third time since 2020 that Haimer Technology has planned a change in control, reflecting ongoing challenges in stabilizing ownership [6][10]. Group 2: Historical Context of Ownership Changes - In July 2020, the founder and major shareholder, Dou Jianwen, attempted to transfer 5% of shares to Gansu Guokai Investment Co., which would have changed the control of the company [6][8]. - The previous attempt to change control was terminated in April 2022 due to a lack of approval from the Gansu Provincial Government, highlighting regulatory challenges [7]. - In January 2023, Su Zhancai successfully took over control from Dou Jianwen, indicating a shift in ownership dynamics [8][9]. Group 3: Financial Performance - Haimer Technology's financial performance has been under pressure since 2020, with revenues of approximately 5.04 billion, 6.09 billion, 6.27 billion, and 7.44 billion from 2020 to 2023, respectively [11]. - The company reported net losses of approximately 5.98 billion, 2.62 billion in 2020 and 2021, but achieved small profits in 2022 and 2023 [11]. - However, in 2024, the company faced a significant loss again, with revenues around 6 billion and a net loss of approximately 2.28 billion [11]. Group 4: Industry Outlook - Despite challenges from the development of renewable energy, oil and gas resources are expected to remain crucial in global energy supply for the foreseeable future, especially in developing countries [12]. - The oil and gas equipment service industry is anticipated to achieve sustainable development through technological advancements that enhance production efficiency and reduce costs [12].

Financial Performance - The company achieved an operating revenue of 341.62 million CNY in 2024, an increase of 25.71% compared to the previous year [4] - The net profit attributable to shareholders was -15.74 million CNY, with a year-on-year reduction in losses of 15.72% [4] - The gross profit margin for the year was 3.12%, an increase of 0.29% from the previous year [4] Cost and Expense Analysis - Operating costs increased by 6.69 million CNY, a rise of 25.33% year-on-year, primarily due to increased labor and service costs [2][3] - Management expenses rose by 2.67 million CNY due to headquarters relocation and litigation costs [3] - Financial expenses increased by 623,500 CNY due to higher interest from increased loans [3] Future Growth Drivers - Projected operating revenue for 2025 is expected to continue growing, driven by scale effects and improved cost control [5] - The company plans to seek funding support from major shareholders through private placements [5] - There is a focus on mergers and acquisitions to enhance the company's fundamentals [5] Industry Outlook - The implementation of new energy laws and resource regulations in 2025 is expected to boost oil and gas exploration and development [8] - The oil service industry is anticipated to have growth potential despite challenges from global economic slowdowns and fluctuating oil prices [8] Risk Management and Expansion Plans - The company acknowledges risks from market concentration and plans to diversify its customer base and geographic reach [9] - Strategies include seeking opportunities in low-efficiency blocks and expanding into markets outside Xinjiang [9] Cost Reduction Strategies - The company plans to raise 197.5 million CNY through private placements for working capital and equipment upgrades [11] - Measures to control costs include performance assessments and optimizing personnel and equipment utilization [11] Profitability Expectations - The company aims to achieve a minimum operating revenue of 400 million CNY in 2025 and return to profitability [12] - Future profitability will depend on macroeconomic conditions, market dynamics, and management efforts [12]