证券代码：603855 证券简称：华荣股份 公告编号：2025-028 华荣科技股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ? 根据上海证券交易所最新修订的对外担保格式指引等相关披露要求，华 荣科技股份有限公司（以下简称"公司"或"华荣股份"）对担保预计范围内的 担保进展情况进行月度汇总披露。 ? 华荣科技中东北非有限公司（以下简称"华荣中东北非"）为公司合并报 表范围内控股孙公司，不属于公司关联人。公司在中东地区的业务通过华荣中东 北非拓展或者完成销售。为满足华荣中东北非业务发展需求，公司为控股孙公司 华荣中东北非提供最高额不超过 500 万美元的履约担保额度。 ? 被担保人名称：华荣中东北非 ? 本次担保金额：4.19 万美元 ? 已实际为其提供的担保余额：4.19 万美元（含本次担保额） ? 本次担保是否有反担保：是 ? 对外担保逾期的累计数量：无 一、担保情况概述 股孙公司提供担保额度预计的议案》，为支持控股孙公司华荣中东北非的日常经 营和业务发展，公司对其与合同相对方之间经公司 ...

Economic Overview - Beijing's GDP reached 25,029.2 billion yuan in the first half of the year, with a year-on-year growth of 5.5%, outpacing the national average by 0.2 percentage points, indicating a stable and improving economic trend [1] Key Growth Sectors - Nearly 90% of Beijing's economic growth in the first half came from the information services, financial, and industrial sectors [2] - The industrial sector saw a significant increase, with the added value of large-scale industries growing by 7% year-on-year, an improvement of 0.2 percentage points from the first quarter [2] - Notable contributions in the industrial sector came from electronics and automotive industries, with high-end manufacturing showing strong performance, particularly in lithium-ion batteries, new energy vehicles, medical instruments, and integrated circuits [2] Investment Trends - Fixed asset investment in Beijing grew by 14.1% year-on-year, maintaining a double-digit growth rate, while manufacturing investment increased by 8.9% [2] - Real estate development investment, however, declined by 7.5% [2] Consumer Behavior - Social retail sales in Beijing totaled 6,734.2 billion yuan, reflecting a decrease of 3.8% [3] - Service consumption remained robust, accounting for nearly 60% of household spending, with new consumption trends emerging in wellness and self-care [3] Emerging Industries - Strategic emerging industries and high-tech manufacturing in Beijing saw added value growth of 16.8% and 9.9%, respectively, with artificial intelligence, new energy vehicles, and robotics being standout sectors [4] - New energy vehicle manufacturing value increased by 1.1 times, contributing nearly 50% to the growth of large-scale industries, with production exceeding 260,000 units, a 1.5 times increase [4] Employment and Income - The urban unemployment rate in Beijing averaged 4.1%, with a stable employment situation overall [5] - Per capita disposable income for residents grew by 4.8% year-on-year, with wage income increasing by 5.3%, contributing 71.3% to the overall income growth [5] Price Trends - Consumer prices in Beijing saw a slight decline of 0.3% year-on-year, influenced by previous price changes [6] - Service prices experienced a minor increase of 0.1%, with specific services like maternal care and elder care seeing price rises due to increased labor costs [6] Future Economic Outlook - The economic performance in the first half sets a solid foundation for the second half of the year, with expectations for continued stable growth supported by macroeconomic policies and the resilience of Beijing's economy [7] - Challenges such as insufficient domestic demand and pressures on certain industries are being addressed through targeted policy measures to stimulate consumption and support innovation [7]

Core Viewpoint - The controversy surrounding MOVA's management practices has sparked significant public backlash, with calls for boycotts of its products and mixed reactions from employees regarding work hours and compensation [2][4]. Group 1: Company Background - MOVA was spun off from the well-known brand "追觅" (Chasing) at the end of last year and is now operating independently, aiming to achieve profitability this year [3]. - The company has rapidly expanded its workforce from 8,000 to 12,000 in just three months, attracting talent from leading companies in the home appliance and smart hardware sectors [5]. Group 2: Management Practices - The company employs a Business Unit (BU) management structure, dividing responsibilities across product lines from market research to sales [6]. - Employees report a culture of extended working hours, with some departments encouraging work hours to exceed 10 hours a day, despite the official 8-hour workday [8]. - There is a competitive atmosphere among different BUs regarding work hours, with HR tracking and publicly naming departments with lower average hours [8][12]. Group 3: Employee Sentiment - Some employees express surprise at the explicit call for all employees to work overtime, as extended hours are already a common expectation in the industry [3]. - Despite the backlash, some employees defend the company, citing genuine compensation for overtime and generous bonuses from management [9]. Group 4: Business Strategy - The company has experienced over 100% compound annual growth rate from 2019 to 2023, with its vacuum cleaners ranking first in market share in several European countries [10]. - MOVA's strategy includes rapid product development and market entry, with new business units being established quickly, such as the air conditioning unit launched in just 16 months [11]. - The company aims to position itself in high-end markets, investing significantly in R&D to innovate and differentiate its products [14]. Group 5: Expansion Plans - The company has a diverse portfolio of products and is expanding into various sectors, including smart home devices, personal care, and even food and beverage brands [15][16]. - MOVA's founder has established a significant investment platform to support the rapid growth of new business units, with each unit receiving startup funding of approximately 20 million yuan [17].