编号：2025-004 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动类 | 业绩说明会 □媒体采访 | | | □新闻发布会 □路演活动 | | 别 | □现场参观 | | | □其他：线上会议 | | 参与单位名称及人 | 线上参加公司 2025 年半年度业绩说明会的全体投资者 | | 员姓名 | | | 时间 | 年 月 日 2025 8 27 15:00-16:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | | 杨炯 董事长 | | 上市公司接待人员 | 魏兴娜 副总经理、财务总监 | | 姓名 | 吴磊 副总经理、董事会秘书 | | | 陈勇 独立董事 | | | 公司就投资者在本次说明会中提出的问题进行了回复： 1、请问公司后续的业绩展望如何？ | | | 答：感谢您的关注，报告期内，公司经营业绩遇到一定的 | | | 挑战，但年度经营计划的有序执行，为报告期外经营的持续稳 | | 投资者关系活动主 | 定和健康发展提供了支撑。随着 IMMT 项目 ...

Financial Performance - The company reported total revenue of 180 million yuan for the first half of 2025, a decrease of 7.6% year-on-year [1] - The net profit attributable to shareholders was 10.5863 million yuan, down 40.08% compared to the previous year [1] - In Q2 2025, total revenue was 94.6436 million yuan, a decline of 6.68% year-on-year, with net profit of 2.5485 million yuan, down 72.71% [1] - The gross margin was 20.89%, a decrease of 12.26% year-on-year, while the net margin was 5.87%, down 35.15% [1] - Total operating expenses were 18.0732 million yuan, accounting for 10.03% of revenue, an increase of 27.43% year-on-year [1] Cash Flow and Receivables - The company's cash flow per share was 0.37 yuan, a decrease of 52.67% year-on-year [1] - Accounts receivable amounted to 127 million yuan, representing 335.72% of the net profit, indicating a significant receivables issue [1][3] - The cash and cash equivalents increased by 105.05% year-on-year to 37.6328 million yuan [1] Return on Investment - The company's return on invested capital (ROIC) was 5.43% last year, indicating average capital returns [3] - The historical median ROIC since the company went public is 15.81%, suggesting better investment returns in previous years [3] Technology and Production - The company is utilizing the IMMT (Insert Molding and Mounting Technology) for modular integration, which optimizes traditional processes and reduces component costs [3][4] - The technology is currently applied in the smartphone VCM motor sector, with plans to explore its application in other product areas as industry technology matures [4]