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].

Group 1 - The company Zhejiang Longsheng announced plans to register and issue super short-term financing bonds not exceeding RMB 3 billion (including 3 billion) [2]

Core Viewpoint - Zhejiang Longsheng reported a decline in operating revenue for the first half of 2025, while net profit showed a slight increase compared to the previous year [2] Financial Performance - The company achieved operating revenue of 6,505,098,922.08 yuan, representing a year-on-year decrease of 6.47% [2] - The net profit attributable to shareholders of the listed company was 927,887,428.87 yuan, reflecting a year-on-year growth of 2.84% [2]

Company Distribution Plan - The company announced a distribution plan for the first half of 2025, proposing a cash dividend of 2 yuan per 10 shares (before tax), with a total cash payout of 651 million yuan, representing 70.12% of net profit, and a dividend yield of 2.05% based on the average trading price [2][5]. Financial Performance - For the first half of 2025, the company reported a revenue of 6.505 billion yuan, a year-on-year decrease of 6.47%, and a net profit of 928 million yuan, a year-on-year increase of 2.84%. The basic earnings per share were 0.2852 yuan, with a weighted average return on equity of 2.68% [3]. Market Activity - The stock experienced a net inflow of 1.9853 million yuan in principal funds today, but there was a net outflow of 7.2942 million yuan over the past five days [4]. Industry Comparison - Among 23 companies in the basic chemical industry that announced their distribution plans for the first half of 2025, the company ranked second in cash payout, with 651 million yuan, following Baofeng Energy, which announced a payout of 2.036 billion yuan [5].

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 ...

Meeting Information - The first extraordinary general meeting of shareholders for 2025 will be held on September 9, 2025, at 14:30 [1] - The meeting will take place at the multifunctional hall on the fourth floor of the company's office building located at No. 1 Longsheng Avenue, Daoxu Street, Shangyu District, Shaoxing City, Zhejiang Province [1] - Voting will be conducted through a combination of on-site and online voting systems [1][2] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system, available from 9:15 to 15:00 on the day of the meeting [2][3] - Shareholders can vote through designated trading securities company terminals or the internet voting platform [2][3] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3] Attendance and Registration - Shareholders registered by the close of trading on September 2, 2025, are eligible to attend the meeting [4] - Registration for attendance requires specific documentation, including shareholder account cards and identification [4] - Registration will be open from September 3 to September 8, 2025, during specified hours [4] Other Considerations - Shareholders or their agents are responsible for their own travel and accommodation expenses [4] - The company assures that the announcement contains no false records, misleading statements, or significant omissions [1]