截至2025年8月18日收盘，康平科技股价报38.16元，较前一交易日下跌0.84元，跌幅2.15%。当日成交 量为98344手，成交金额达3.73亿元。 8月18日晚间，康平科技发布公告称，公司董事会审议通过了《关于签署股权收购意向协议的议案》。 根据公告，公司拟以现金方式收购苏州市凌臣采集计算机有限公司控股权。标的公司主营业务为智能控 制系统及相关部件，主要产品包括应用于各类智能装备的运动控制产品和精密传动产品等。 从资金流向来看，8月18日康平科技主力资金净流入1872.31万元，近五个交易日累计净流入7927.73万 元。 风险提示：投资有风险，入市需谨慎。 康平科技主营业务为电机及相关产品的研发、生产和销售，产品广泛应用于家用电器、电动工具、汽车 电子等领域。公司属于电机板块，注册地位于江苏省。 ...

Revenue and Profit - The company achieved total revenue of 703 million yuan in the first half of 2025, representing a year-on-year increase of 14.21% [2] - The net profit attributable to shareholders was 63.38 million yuan, up 15.41% year-on-year [2] - The non-recurring net profit reached 44.22 million yuan, showing a significant increase of 45.08% year-on-year [2] - In Q2 alone, the revenue was 416 million yuan, a 16.54% increase year-on-year, with a net profit of 47.80 million yuan, up 18.48% [2] Main Business Composition - Revenue from spindle products was 454 million yuan, accounting for 64.56% of total revenue, with a gross margin of 34.64% [3] - Motion control products generated 134 million yuan in revenue, representing 19.09% of total revenue, with a gross margin of 41.42% [3] - Functional components like turntables and linear motors contributed 69.36 million yuan, making up 9.86% of total revenue, with a gross margin of 41.30% [3] - Core components for robots generated 12.21 million yuan, accounting for 1.74% of total revenue, but with a negative gross margin of -15.17% [3] Financial Indicators - Accounts receivable stood at 715 million yuan, a year-on-year increase of 23.21%, which is 862.5% of the latest annual net profit [5] - Interest-bearing debt was 838 million yuan, up 8.51% year-on-year, with an interest-bearing asset-liability ratio of 27.67% [5] - Cash and cash equivalents amounted to 99.33 million yuan, a 66.04% increase, but cash only constituted 3.59% of total assets [6] Cash Flow Situation - The cash flow situation is concerning, with cash equivalents making up only 12.96% of current liabilities, and the average operating cash flow over the past three years being 16.27% of current liabilities [6] Summary - Overall, the company's mid-2025 report indicates steady growth in revenue and net profit, particularly in non-recurring net profit [7] - However, the large scale of accounts receivable, high debt levels, and cash flow pressures are factors that require close attention from investors [7]

Core Viewpoint - The company has completed the conclusion of certain fundraising projects and plans to permanently supplement its working capital with the remaining funds, while also terminating some fundraising projects and continuing to manage the remaining funds in a dedicated account [2][10]. Fundraising Basic Situation - The company raised a total of RMB 161,846.38 million from its initial public offering, with a net amount of RMB 153,596.90 million after deducting issuance costs [2][3]. - As of June 30, 2025, the company has invested RMB 101,216.57 million, representing 65.90% of the committed investment [3]. Fundraising Project Status - The "East China R&D and Technical Service Center Construction Project" has been concluded, with remaining funds of RMB 3,211.84 million to be used for working capital after settling outstanding payments [5][10]. - The "East China Machine Vision Industrial Park Construction Project" has been terminated due to delays in obtaining necessary permits and changes in market demand, with a total planned investment of RMB 30,659.78 million [5][10]. Project Termination Reasons - The termination of the "East China Machine Vision Industrial Park Construction Project" is attributed to the expansion of downstream product demand beyond the original project scope and the company's comprehensive product line upgrade [9][10]. - The project was initially planned to meet specific market needs, but the evolving market landscape has necessitated a reevaluation of the project’s viability [9][10]. Future Plans - The company intends to seek new investment projects while continuing to evaluate existing projects for potential additional investments [10]. - The remaining funds from the terminated project will continue to be managed in accordance with fundraising management requirements [10]. Internal Review Process - The board of directors and the supervisory board have approved the conclusion of certain fundraising projects and the management of remaining funds, ensuring compliance with relevant regulations [11][12]. Sponsor Institution Opinion - The sponsor institution supports the company's decisions regarding the conclusion and management of fundraising projects, affirming that these actions align with the company's operational realities and long-term strategy [12][13].

江苏协昌电子科技股份有限公司 Jiangsu Xiechang Electronic Technology Co., Ltd. （张家港市凤凰镇港口工业园华泰路 1 号） 首次公开发行股票并在创业板上市 之上市公告书 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 股票简称：协昌科技 股票代码：301418 二零二三年八月 江苏协昌电子科技股份有限公司 上市公告书 特别提示 江苏协昌电子科技股份有限公司（以下简称"本公司"、"发行人"、"公 司"或"协昌科技"）股票将于 2023 年 8 月 21 日在深圳证券交易所创业板上 市。该市场具有较高的投资风险。创业板公司具有业绩不稳定、经营风险高、退 市风险大等特点，投资者面临较大的市场风险。投资者应充分了解创业板市场的 投资风险及本公司所披露的风险因素，审慎做出投资决定。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新 股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与本公司首次公开发行 股票并在创业板上市招股说明书中的相同。 1 江苏协昌电子科技股份有限公司 上市公告书 第一 ...