熵基科技：2025年半年度报告

2025 Half Year Report Announcement No.: 2025-073 August 2025 Section I Important Notes, Contents and Definitions The Board of Directors, the Board of Supervisors, directors, supervisors andsenior management guarantee that the information presented in this report is true,accurate and complete without any false records, misleading statements ormaterial omissions, and will undertake individual and joint legal liabilities. The Company's legal representative, Jin Hairong, the person in charge of theaccounting work, Wang Youwu, and the person in charge of accounting institution(accounting supervisor), Xu Ping, hereby declare that the financial information inthisreport is true, accurate and complete. All directors have attended the board meeting to review this report. Should this report contain any forward-looking statements involving futureplans, etc., they do not constitute a commitment by the Company to any investorsorrelated parties.Investors and related parties shall maintain sufficientawareness of the risks involved and understand the differences among plans,forecasts, and commitments. Investors are kindly requested to make prudentdecisions and be aware of investment risks. The Company has elaborated in detail on the potential risk factors that mayoccur in the future in this report. Investors are advised to refer to the full text ofthis report and pay special attention to the content of "Section III ManagementDiscussionand Analysis"-"X.Risks Faced by the Company andCountermeasures". The Company will not distribute cash dividends, distribute bonus shares, ordistribute shares from capital reserve during the current reporting period. Table ofContents Section I Important Notes, Contents and Definitions...................................................................................2Section II Company Profile and Key Financial Indicators..........................................................................8Section III Management Discussion and Analysis......................................................................................12Section IV Corporate Governance, Environment and Society................................................................101Section V Significant Events.......................................................................................................................107Section VI Changes in Shares and Information about Shareholders......................................................113Section VII Bonds........................................................................................................................................123Section VIII Financial Report....................................................................................................................124 Documents Available for Inspection I. The original text of the 2025 Half Year Report signed by the Company's legal representative and stampedbythe Company; the accounting work and the person in charge of accounting institution (accounting supervisor) of the Company. III. All original copies of the Company's documents and the original drafts of the Company's announcements as disclosed on websites Place for document inspection: Office of the Company's Board of Directors Definitions Section II Company Profile and Key Financial Indicators I. Company Information II. Contacts and Contact Information III. Other Information 1. Company's Contact Information Whether the registered address, office address, postal code, website, email address, etc. of the Company changed during the reporting □ ApplicableNot applicable The registered address, office address, postal code, website, email address, etc. of the Company have not changed during thereportingperiod, as detailed in the 2024 Annual Report. 2. Information Disclosure and Place of the Report Whether the information disclosure and place of the report changed during the reporting period? □ ApplicableNot applicable The website and media name and website of the stock exchange where the Company disclosed its Half Year Report. The filing locationof the Company's Half Year Report remains unchanged during the reporting period, as detailed in the 2024 Annual Report. 3. Registration Change Whether the registration changed during the reporting period? □ ApplicableNot applicable The Company's registration remained unchanged during the reporting period, as detailed in the 2024 Annual Report. 4. Other Relevant Information Whether other relevant information changed during the reporting period? Applicable □ Not applicable During the reporting period, due to the completion of vesting of shares granted under the first vesting period of the Company's 2022Restricted Share Incentive Plan (reserved grant), the Company's registered capital changed from RMB 196,237,363 to RMB196,312,325. Due to the Company's implementation of the 2024 annual equity distribution, the Company's registered capital changedfrom RMB 196,312,325 to RMB 235