Core Viewpoint - Zhejiang Longsheng (600352) reported a decline in total revenue for the first half of 2025, while net profit showed a slight increase, indicating mixed financial performance amid challenging market conditions [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 6.505 billion yuan, a decrease of 6.46% year-on-year [1]. - Net profit attributable to shareholders was 928 million yuan, an increase of 2.84% year-on-year [1]. - In Q2 2025, total revenue was 3.27 billion yuan, down 5.71% year-on-year, while net profit fell by 24.51% to 532 million yuan [1]. - Gross margin improved to 29.8%, up 6.69% year-on-year, and net margin increased to 16.14%, up 9.45% year-on-year [1]. - Total operating expenses (selling, administrative, and financial) amounted to 714 million yuan, accounting for 10.97% of revenue, a decrease of 5.44% year-on-year [1]. - Earnings per share rose to 0.29 yuan, a 0.28% increase year-on-year, while operating cash flow per share surged by 92.48% to 1.28 yuan [1]. Cash Flow and Debt Analysis - Significant changes in financial items included a 59.47% increase in contract liabilities due to substantial pre-sale amounts from the real estate subsidiary [3]. - Long-term borrowings decreased by 80.92% as a result of repayments [3]. - Financial expenses dropped by 201.65% due to lower bank loan interest and increased deposit interest income [3]. - Net cash flow from operating activities increased by 92.48% due to higher pre-sale amounts [3]. - The company maintained a healthy cash position, with cash assets being robust [3]. Investment Insights - Analysts project a performance of 2.044 billion yuan for 2025, with an average earnings per share estimate of 0.63 yuan [4]. - The company has a relatively low return on invested capital (ROIC) of 4.05% for the previous year, with a median ROIC of 8.73% over the past decade [3]. Fund Holdings - The largest fund holding Zhejiang Longsheng is the Xingzheng Global Xinyue Mixed A fund, which increased its position to 12.3632 million shares [5]. - Other funds have shown varied movements, with some increasing their holdings while others reduced or maintained their positions [5].

Core Points - Zhejiang Longsheng Group Co., Ltd. has decided to cancel its supervisory board and amend its articles of association to enhance corporate governance [1][2][3] - The decision was made during the second meeting of the tenth board of directors held on August 21, 2025, with unanimous approval from all voting members [1] - The supervisory board's functions will be transferred to the audit committee of the board of directors, and relevant rules regarding the supervisory board will be abolished [1] - Amendments to the articles of association include terminology updates, such as changing "shareholders' meeting" to "shareholders' assembly" and "manager" to "general manager" [1] - The revised articles of association will be disclosed on the Shanghai Stock Exchange website and require approval from the shareholders' meeting [1] Summary by Sections - **Corporate Governance Changes** - The company is canceling the supervisory board and transferring its responsibilities to the audit committee [1] - The decision was made with a vote of 9 in favor, 0 against, and 0 abstentions [1] - **Amendments to Articles of Association** - The articles of association will be updated to reflect changes in terminology and the removal of references to the supervisory board [1] - Specific changes include the deletion of terms related to "supervisor," "supervisory board meeting resolutions," and "chief engineer" [1] - The revised articles will be subject to approval by the shareholders' meeting and will be filed with the relevant market supervision authorities [1]

Core Viewpoint - The company, Zhejiang Longsheng, has announced its "Quality Improvement and Efficiency Enhancement" action plan, focusing on high-quality development and shareholder returns, while also detailing its financial performance for the first half of 2025. Group 1: Financial Performance - For the first half of 2025, the company achieved total operating revenue of 6.505 billion yuan, a decrease of 6.47% year-on-year, while net profit attributable to shareholders was 928 million yuan, an increase of 2.84% year-on-year [5][48]. - The company plans to distribute a cash dividend of 2.00 yuan per 10 shares, totaling approximately 650.67 million yuan, which represents 70.12% of the net profit for the first half of 2025 [2][48]. Group 2: Strategic Initiatives - The company aims to focus on its core business and enhance operational quality through a dual approach of "steady progress" and "quality improvement," targeting a total revenue of 15.884 billion yuan for 2024, with a year-on-year growth of 3.79% [5]. - A new innovation-driven strategy has been established, including the development of a professional research institute to accelerate the growth of new business segments and enhance technological capabilities [6]. Group 3: Governance and Compliance - The company is committed to improving its governance structure in accordance with relevant laws and regulations, ensuring clear responsibilities and effective decision-making processes [7][8]. - The company plans to deepen the implementation of independent director reforms and enhance its ESG management capabilities, focusing on sustainable high-quality development [8]. Group 4: Shareholder Engagement - The company emphasizes a commitment to shareholder returns, having distributed a total of 14.64 billion yuan in cash dividends since its listing in 2003, with plans for further distributions in 2025 [11]. - The company has conducted multiple share buybacks totaling 2.169 billion yuan to enhance investor confidence and maintain company value [11]. Group 5: Investor Communication - The company prioritizes investor relations, planning to hold a virtual performance briefing on August 29, 2025, to enhance communication and transparency with investors [19][21].

（文章来源：证券日报） 证券日报网讯 8月22日晚间，浙江龙盛发布公告称，公司拟注册并择机发行不超过人民币30亿元（含30 亿元）超短期融资券。 ...

（文章来源：证券日报） 证券日报网讯 8月22日晚间，浙江龙盛发布公告称，2025年半年度公司实现营业收入6，505，098， 922.08元，同比下降6.47%；归属于上市公司股东的净利润为927，887，428.87元，同比增长2.84%。 ...

公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2025.06.30 | 10派2元（含税） | 6.51 | 2.05 | | 2024.12.31 | 10派2.5元（含税） | 8.13 | 2.66 | | 2024.06.30 | 10派2元（含税） | 6.51 | 2.31 | | 2023.12.31 | 10派2.5元（含税） | 8.13 | 2.57 | | 2022.12.31 | 10派2.5元（含税） | 7.89 | 2.32 | | 2021.12.31 | 10派2.5元（含税） | 8.00 | 1.71 | | 2020.12.31 | 10派2.5元（含税） | 8.13 | 1.78 | | 2019.12.31 | 10派2.5元（含税） | 8.10 | 1.45 | | 2018.12.31 | 10派2.5元（含税） | 7.96 | 2.16 | | 2017.12.31 | 10派2.5元（含税） | 8.13 | 2.36 | | 2016.12 ...

证券日报网讯 8月22日晚间，浙江龙盛发布公告称，公司第十届董事会第二次会议审议通过了《关于申 请注册发行超短期融资券的议案》等多项议案。 （文章来源：证券日报） ...

Core Viewpoint - Zhejiang Longsheng announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 2.00 yuan per 10 shares to all shareholders, which reflects a significant return to investors [1] Summary by Category Profit Distribution - The company plans to distribute a total cash dividend of 650,666,372.00 yuan (including tax), which represents 70.12% of the net profit attributable to shareholders for the first half of 2025 [1]

每股派发现金红利 0.20 元（含税） ●本次利润分配以实施权益分派股权登记日登记的总股本为基数, 具体日 期将在权益分派实施公告中明确。 ●本次利润分配未触及《上海证券交易所股票上市规则》（以下简称《股 票上市规则》）第 9.8.1 条第一款第（八）项规定的可能被实施其他风险警示 的情形。 证券代码：600352 证券简称：浙江龙盛 公告编号：2025-030 号 浙江龙盛集团股份有限公司 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法律责任。 重要内容提示： ●每股分配金额，每股转增比例 浙江龙盛集团股份有限公司 一、公司 2025 年度中期利润分配方案内容 中母公司净利润 638,538,512.88 元。截至 2025 年 6 月 30 日，母公司可供股东 分配的利润为 669,206,992.74 元。以上数据未经审计。 二、公司履行的决策程序 公司于 2025 年 8 月 21 日召开公司第十届董事会第二次会议，审议通过 了本利润分配预案（同意 9 票，反对 0 票，弃权 0 票）。本预案符合公司《章 第 1页 共 2 页 ...

浙江龙盛集团股份有限公司 关于召开2025年第一次临时股东大会的通知 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法律责任。 重要内容提示： ? 股东大会召开日期：2025年9月9日 ? 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 证券代码：600352 证券简称：浙江龙盛 公告编号：2025-034 (一) 股东大会类型和届次 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 9 日 14 点 30 分 召开地点：浙江省绍兴市上虞区道墟街道龙盛大道 1 号公司办公大楼四楼多 功能厅 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 9 日 至2025 年 9 月 9 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交 ...