Economic News - The Ministry of Industry and Information Technology has issued guidelines to optimize business access and promote the development of the satellite communication industry, aiming for over 10 million satellite communication users by 2030 [1] - From January to July, the total profit of industrial enterprises above designated size decreased by 1.7% year-on-year, with state-owned enterprises seeing a 7.5% decline, while private enterprises experienced a 1.8% increase [1] - The Ministry of Commerce highlighted a shift in consumption patterns towards a balance between goods and services, with upcoming policies to stimulate service consumption [1] - The Shanghai government has released implementation opinions to accelerate the renovation of urban villages, focusing on areas with urgent public needs [1] - Guangzhou's city government emphasized the importance of urban renewal and quality improvement, particularly in urban villages and old communities [1] - In July, profits in high-tech manufacturing turned from a decline to growth, indicating a recovery in that sector [1] Company Insights - Nvidia has raised concerns about potential lawsuits due to the U.S. government's profit-sharing requirements [5] - Meituan plans to eliminate "overdue fines" for its delivery riders by the end of 2025 [5] - Apple is generating buzz with its upcoming fall event, with speculation about discontinuing seven products [5] - Xiaomi is set to launch its new operating system, Surge OS 3, highlighting its commitment to enhancing system experience [5] - Alibaba has developed an AI model for emergency chest pain scenarios, significantly reducing diagnosis time for acute aortic syndrome [5] Investment Strategy - The report suggests that the A-share market is in a slow bull phase, driven by short-term liquidity and a decline in traditional investment channels like real estate [6][8] - The market is expected to see structural opportunities, particularly in technology sectors, as the overall economic environment improves [9][10] - The report anticipates significant mid-term upward potential for the index, with a target of breaking through 4000 points [13] - The long-term outlook for the Chinese capital market is optimistic, with expectations of a shift from a bear market to a bull market driven by policy reforms and improved investor confidence [11][12] Company Performance - Ping An Bank reported a revenue of 69.39 billion yuan and a net profit of 24.87 billion yuan for the first half of 2025, with a year-on-year decline of 10% and 3.9% respectively [14] - The bank's non-interest income showed signs of improvement, contributing to a narrowing of revenue decline [15] - The total assets of Ping An Bank increased by 2.1% year-on-year, with a focus on optimizing loan structures and reducing high-risk products [16] - The bank's asset quality has improved, with a non-performing loan ratio of 1.05% and a coverage ratio of 238.5% [17][18] - The investment recommendation for Ping An Bank remains strong, with projected net profit growth rates of -3.3%, 0.9%, and 3.7% for 2025-2027 [19]

智通财经APP讯，美格智能(002881.SZ)发布2025年半年度报告，报告期内，公司实现营业收入18.86亿 元，同比增长44.50%。实现归属于上市公司股东的净利润8416.68万元，同比增长151.38%。实现归属于 上市公司股东的扣除非经常性损益的净利润8233.49万元，同比增长157.87%。基本每股收益0.32元。 ...

Core Insights - The company, Meige Intelligent, has announced that its wireless communication modules, smart modules, and high-performance AI modules can provide high-speed communication and edge computing capabilities for products such as robots and robotic dogs [1] Group 1 - The company will showcase a humanoid robot prototype at the 2025 CES, which incorporates a 48 Tops high-performance AI module developed by the company [1] - The company aims to continue promoting the application of high-speed communication and edge AI technology in the robotics sector [1]

Core Insights - The company, Meige Intelligent, has announced that its wireless communication modules, smart modules, and high-performance AI modules can provide high-speed communication and edge computing capabilities for products such as robots and robotic dogs [1] Group 1 - The company plans to showcase a humanoid robot prototype at the 2025 CES, which will feature a 48 Tops high-performance AI module developed by the company [1] - The company is committed to advancing high-speed communication and edge AI technology applications in the robotics sector [1]

美格智能公告，2025年上半年营业收入18.86亿元，同比增长44.50%。归属于上市公司股东的净利润 8416.68万元，同比增长151.38%。基本每股收益0.32元/股，同比增长146.15%。公司计划不派发现金红 利，不送红股，不以公积金转增股本。 ...

美格智能技术股份有限公司 2025年半年度募集资金存放与使用情况专项报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 证券代码：002881 证券简称：美格智能 公告编号：2025－074 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 经中国证券监督管理委员会《关于核准美格智能技术股份有限公司非公开发 行股票的批复》（证监许可〔2022〕533 号）的核准，公司向特定对象非公开发 行人民币普通股 21,208,503 股，每股发行价格为人民币 28.46 元，募集资金总 额为人民币 60,359.40 万元，扣除发行费用（不含增值税）人民币 1,066.35 万 元，实际募集资金净额为人民币 59,293.05 万元。上述募集资金到位情况已经信 永中和会计师事务所（特殊普通合伙）验证，并出具了（XYZH/2023SZAA7B0002 号）《验资报告》。 (二) 募集资金使用和结余情况 截至2025年6月30日，公司累计投入募集资金项目的金额为26,745.64万元， 其中置换募集资金到位之前利用自有资金先期投入募集资金项目的金额为 4,14 ...

美格智能技术股份有限公司 2025 年半年度财务报告 美格智能技术股份有限公司 2025 年半年度财务报告 2025 年 08 月 1 美格智能技术股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：美格智能技术股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 348,763,725.01 | 349,877,014.45 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 7,500,046.68 | 7,999,586.13 | | 应收账款 | 980,805,291.99 | 1,008,069,612.33 | | 应收款项融资 | 9,696,253.11 | 9,991,720.34 | | 预付款项 | 40,369,890.43 | 1 ...

法定代表人 ： 王平 主管会计工作的负责人 ：夏有庆 会计机构负责人：周舟 2025年半年度 | 编制单位：美格智能技术股份有限公司 | | | | | | | | | 单位：人民币万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 资金占用方名称 | 占用方与上市公司的关联关系 | 上市公司核算的 会计科目 | 2025年期初 占用资金余额 | 2025年1-6月占 用累计发生金 额（不含利息 ） | 2025年1-6月 2025年1-6月 占用资金的利 度偿还累计发 息（如有） 生金额 | 2025年1-6 月期末占用 资金余额 | 占用形成原因 | 占用性质 | | 控股股东、实际控制人及 | | | | | | | | | 非经营性占用 | | 其附属企业 | | | | | | | | | 非经营性占用 | | | - | - | - | | | | | | - | | 前控股股东 、实际控制人 | | | | | | | | | 非经营性占用 | | 及其附属企业 | | | | | | | | | 非经营性 ...

Section I Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board and senior management guarantee the report's accuracy and completeness, while the company plans no cash dividends or share transfers from capital reserves - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the report content and assume legal responsibility[3](index=3&type=chunk) - The company's head, chief accountant, and head of accounting department declare the financial report is true, accurate, and complete[3](index=3&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This report's clear directory outlines nine main chapters, providing comprehensive information on company profile, MD&A, governance, significant matters, share changes, bonds, financial reports, and other data for investors - The report comprises nine main sections, covering company operations, financials, governance, and significant matters[6](index=6&type=chunk) [Reference Documents](index=4&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) Reference documents include signed and sealed financial statements, original copies of publicly disclosed documents, and the semi-annual report signed by the legal representative - Reference documents include signed and sealed financial statements, original copies of publicly disclosed documents, and the semi-annual report signed by the legal representative[8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including company name, reporting period, subsidiary names, and key technologies like IoT, 4G/5G, smart modules, high-computing power modules, FWA, AI, and large models, ensuring accurate understanding of the report content - Defines company entities (e.g., Meigsmart, Xi'an Zhaoge, Fangge International) and the reporting period[12](index=12&type=chunk) - Explains key technologies and industry terms such as IoT, 4G/5G, smart modules, high-computing power modules, FWA, AI, and large models[12](index=12&type=chunk) Section II Company Profile and Key Financial Indicators [Company Profile](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Meigsmart Technology Co., Ltd. (stock code 002881) is listed on the Shenzhen Stock Exchange. Its legal representative is Wang Ping, with contacts including Board Secretary Huang Min and Securities Affairs Representative Hu Fang, located at 32F, Block B, Shenzhen International Innovation Center, 1006 Shennan Avenue, Futian District, Shenzhen Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Meigsmart | | Stock Code | 002881 | | Listed Exchange | Shenzhen Stock Exchange | | Chinese Name | Meigsmart Technology Co., Ltd. | | Legal Representative | Wang Ping | Contact Information | Position | Name | Contact Address | Phone | Email | | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Huang Min | 32F, Block B, Shenzhen International Innovation Center, 1006 Shennan Avenue, Futian District, Shenzhen | 0755-83218588 | ir@meigsmart.com | | Securities Affairs Representative | Hu Fang | 32F, Block B, Shenzhen International Innovation Center, 1006 Shennan Avenue, Futian District, Shenzhen | 0755-83218588 | ir@meigsmart.com | [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2025, operating revenue grew **44.50%** to **1.886 billion yuan**, net profit attributable to shareholders increased **151.38%** to **84.1668 million yuan**, and non-recurring net profit rose **157.87%**. Net cash flow from operating activities was **-83.9782 million yuan**, a **66.89%** decrease. Total assets and net assets attributable to shareholders both increased. Total non-recurring gains and losses were **1.8318 million yuan** H1 2025 Key Accounting Data and Financial Indicators | Indicator | Current Period (yuan) | Prior Year Period (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,886,475,312.32 | 1,305,551,460.81 | 44.50% | | Net Profit Attributable to Shareholders of the Listed Company | 84,166,774.08 | 33,482,328.84 | 151.38% | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-recurring Gains and Losses | 82,334,927.22 | 31,929,268.36 | 157.87% | | Net Cash Flow from Operating Activities | -83,978,198.61 | -50,319,764.17 | -66.89% | | Basic Earnings Per Share (yuan/share) | 0.32 | 0.13 | 146.15% | | Diluted Earnings Per Share (yuan/share) | 0.32 | 0.13 | 146.15% | | Weighted Average Return on Net Assets | 5.24% | 2.26% | 2.98% | | **As of Current Period-end** (yuan) | **As of Prior Year-end** (yuan) | **Change from Prior Year-end** | | Total Assets | 3,004,831,909.42 | 2,759,554,563.51 | 8.89% | | Net Assets Attributable to Shareholders of the Listed Company | 1,620,821,608.21 | 1,567,113,142.90 | 3.43% | Non-recurring Gains and Losses and Amounts | Item | Amount (yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 988,995.44 | | Government Grants Recognized in P/L | 2,613,586.26 | | Fair value changes and disposal gains/losses from financial assets/liabilities (excluding effective hedges related to normal operations) | -1,164,517.04 | | Other non-operating income and expenses | -9,366.57 | | Less: Income tax impact | 596,851.23 | | Total | 1,831,846.86 | Section III Management Discussion and Analysis [Main Business Activities During the Reporting Period](index=9&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company specializes in wireless communication modules and IoT solutions, leveraging 4G/5G technology to offer smart, high-computing power, and data transmission modules for intelligent connected vehicles, FWA, and new retail. It operates on an R&D-driven model with in-house design, outsourced manufacturing, balanced domestic and international markets, and direct sales. Revenue growth was driven by high R&D investment, increased shipments, leading smart cockpit solutions, and 5G FWA product penetration into top global operators - The company's main business is wireless communication modules and IoT solutions, with core technologies covering 4G/5G communication, smart Android systems, edge AI computing power, and generative AI applications[26](index=26&type=chunk) - Main products include smart modules (applied in new energy vehicle smart cockpits, ADAS/DMS, new retail), high-computing power modules (providing **8T** and above AI computing power, supporting large model edge deployment, applied in robots, drones, AI retail, etc.), and data transmission modules[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk) - The business model is R&D-driven, with independent design and development, outsourced manufacturing, balanced domestic and international markets, and primarily direct sales[28](index=28&type=chunk) - Performance drivers include high R&D investment, increased product shipments and customer base, leading smart cockpit solutions, **5G FWA** product penetration into global top operators, and intelligent and customized product strategies reinforcing differentiated competitive advantages[29](index=29&type=chunk)[30](index=30&type=chunk) - Industry trends show rapid global AI industry growth, accelerated industrialization of large models, iterative AI performance of edge chips and modules, rapid increase in embedded AI cellular module shipments, and **5G** technology entering its 'second half' with **5G-A** commercialization[30](index=30&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk) [Analysis of Core Competencies](index=10&type=section&id=%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%

证券代码：002881 证券简称：美格智能 公告编号：2025-071 公司《2025 年半年度报告》全文具体内容详见公司指定信息披露媒体巨潮 资讯网（www.cninfo.com.cn），公司《2025 年半年度报告摘要》具体内容详见 公司指定信息披露媒体《证券时报》及巨潮资讯网（www.cninfo.com.cn）。 一、董事会会议召开情况 美格智能技术股份有限公司（以下简称"公司"）董事会于 2025 年 8 月 16 日以书面方式发出了公司第四届董事会第十次会议的通知。本次会议于 2025 年 8 月 27 日在深圳市福田区深南大道 1006 号深圳国际创新中心 B 座 32 楼公司会 议室以现场结合通讯表决方式召开。会议应参加表决董事 6 人，实际参加表决董 事 6 人，其中董事杜国彬先生，独立董事杨政先生、马利军先生以通讯表决方式 参会。会议由董事长王平先生召集并主持。本次会议的通知、召集和召开符合《中 华人民共和国公司法》（以下简称"《公司法》"）等法律、行政法规、规范性 文件和《美格智能技术股份有限公司章程》（以下简称"《公司章程》"）的有 关规定，合法有效。 二、董事会会议审议情况 会议采取 ...