Core Viewpoint - The company has decided to abolish the supervisory board and amend its articles of association and related rules, with the audit committee of the board taking over the supervisory functions [1][2]. Summary by Sections Cancellation of Supervisory Board - The company will no longer have a supervisory board or supervisors, as per the revised Company Law and relevant regulations, with the audit committee of the board assuming these responsibilities [1][2]. - The current supervisors will be relieved of their duties, and the relevant supervisory rules will be abolished [1][2]. Amendment of Articles of Association - The articles of association are being revised to align with the updated Company Law and the actual needs of the company's management [2]. - Specific changes include the removal of references to the supervisory board and adjustments to the roles and responsibilities of the board and its committees [2][3].

证券代码：600433 证券简称：冠豪高新 公告编号：2025-032 广东冠豪高新技术股份有限公司 关于取消监事会暨修订《公司章程》、配套议事规则 的公告 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。 广东冠豪高新技术股份有限公司（以下简称"公司"）第九届董事会第七次 会议审议通过《关于取消监事会暨修订<公司章程>、配套议事规则以及变更工商 登记事宜的议案》,同意取消监事会、修订《公司章程》及配套议事规则并授权 相关人员办理相关工商变更登记手续。本议案尚需提交公司股东大会审议，现将 有关情况公告如下： 一、取消监事会情况 根据《中华人民共和国公司法》（2023 年修订）（以下简称"《公司法》"）、 《上市公司章程指引》（2025 年修订）等相关规定，结合公司实际情况，公司 将不再设置监事会和监事，由董事会审计委员会履行监事会职权。 监事会取消后，公司《监事会议事规则》等监事会相关制度相应废止。监事 会主席禚昊先生、监事王雷先生、职工监事杨艳女士在第九届监事会中担任的职 务自然免除。 截至本公告披露日，公司各位监事均未持有公 ...

一、诚通财务基本情况 2011 年 7 月，经中国银监会《关于批准中国诚通控股集团有限 公司筹建企业集团财务公司的批复》（银监复〔2011〕42 号）批准， 由中国诚通控股集团有限公司、中国纸业投资总公司（后更名为"中 国纸业投资有限公司"）、中储发展股份有限公司共同发起设立诚通财 务有限责任公司,设立时注册资本 10 亿元人民币。 2014 年，经中国银监会批准，股东中国纸业投资有限公司转让 持有诚通财务公司 20%股权给佛山华新包装股份有限公司。 广东冠豪高新技术股份有限公司 关于诚通财务有限责任公司2025年半年度 风险持续评估报告 广东冠豪高新技术股份有限公司（以下简称"公司"）按照《上 海证券交易所上市公司自律监管指引第 5 号——交易与关联交易》的 要求，通过查验诚通财务有限责任公司（以下简称"诚通财务"）《金 融许可证》《营业执照》等证件资料，并审阅诚通财务的定期财务报 告，对诚通财务的经营资质、业务和风险状况进行了持续评估，具体 情况报告如下： 2017 年 7 月，经北京银监局（京银监复〔2017〕390 号）批准， 诚通财务将注册资本从 10 亿元人民币增加至 50 亿元人民币。 2021 ...

广东冠豪高新技术股份有限公司 证券代码：600433 证券简称：冠豪高新 公告编号：2025-033 关于召开2025年第三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： 一、 召开会议的基本情况 (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 15 点 00 分 召开地点：广东省广州市海珠区海洲路 18 号 TCL 大厦 26 层公司会议室 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)股东大会类型和届次 2025年第三次临时股东大会 (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 (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 ...

证券代码：600433 证券简称：冠豪高新 公告编号：2025-031 广东冠豪高新技术股份有限公司 第九届董事会第七次会议决议公告 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。 一、董事会会议召开情况 二、董事会会议审议情况 （一）董事会以 8 票同意、 0 票反对、 0 票弃权审议通过了《关 于 2025 年半年度报告（全文及摘要）的议案》 本议案已经第九届董事会审计委员会 2025 年第四次会议审议通过。 董事会认为公司 2025 年半年度报告编制符合法律、法规、公司章程和公司 内部管理制度的各项规定，内容和格式符合中国证监会和上海证券交易所的各项 要求，所包含的信息客观、真实、准确地反映了公司的财务状况和经营成果，同 意《2025 年半年度报告（全文及摘要）》。 相关内容详见2025年8月23日刊登于上海证券交易所网站www.sse.com.cn 及《中国证券报》《上海证券报》《证券日报》《证券时报》的《2025 年半年 度报告》和《2025 年半年度报告摘要》。 （二）董事会以 8 票同意、 0 票反对、 0 票弃 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 北京市康达律师事务所 关于广东冠豪高新技术股份有限公司 拟修订公司章程相关事项的 法律意见书 二〇二五年八月 法律意见书 北京市康达律师事务所 关于广东冠豪高新技术股份有限公司 拟修订公司章程相关事项的法律意见书 致：广东冠豪高新技术股份有限公司 北京市康达律师事务所（以下称"本所"）接受广东冠豪高新技术股份有限公司（以 下称"公司"）的委托，就公司经其 2025 年 8 月 22 日召开的第九届董事会第七次会议 审议的《公司章程》（2025 修订）（以下 ...

[Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This chapter defines key terms and abbreviations used in the report, including the company, its controlling shareholder, and ultimate controller, providing a foundation for understanding the content [Definitions of Common Terms](index=4&type=section&id=%E5%B8%B8%E7%94%A8%E8%AF%8D%E8%AF%AD%E9%87%8A%E4%B9%89) This section defines key terms and company entities, such as the company itself, its controlling shareholder "China Paper," and ultimate controller "China Chengtong," along with other related companies and regulatory bodies Definitions of Common Terms | Term | Meaning | | :--- | :--- | | Company, This Company, Guanhao High-Tech | Guangdong Guanhao High-Tech Co., Ltd. | | China Chengtong | China Chengtong Holdings Group Co., Ltd. (Company's ultimate controller) | | China Paper | China Paper Investment Co., Ltd. (Company's controlling shareholder) | | Foshan Huaxin Development | Foshan Huaxin Development Co., Ltd. | | Zhuhai Hongta Renheng | Zhuhai Hongta Renheng Packaging Co., Ltd. | | Foshan Huaxin Packaging | Foshan Huaxin Packaging Co., Ltd. (Deregistered) | | CSRC | China Securities Regulatory Commission | | SASAC | State-owned Assets Supervision and Administration Commission | [Company Profile and Key Financial Indicators](index=4&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company's basic information and analyzes its key financial performance and indicators, highlighting a significant decline in profitability [Company Basic Information](index=4&type=section&id=%E4%B8%80%E3%80%81%20%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section provides the company's basic business registration information, including its full Chinese and English names, legal representative, and registered and office addresses Company Basic Information | Item | Information | | :--- | :--- | | Chinese Name | Guangdong Guanhao High-Tech Co., Ltd. | | Chinese Abbreviation | Guanhao High-Tech | | Legal Representative | Li Fei | | Registered Address | No. 313 Donghai Avenue, Donghai Island, Zhanjiang City, Guangdong Province | [Key Accounting Data and Financial Indicators](index=5&type=section&id=%E4%B8%83%E3%80%81%20%E5%85%AC%E5%8F%B8%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) The company's operating performance significantly declined, with net profit attributable to shareholders turning to a loss of **57.93 million RMB**, a **168.35% decrease** year-on-year, primarily due to lower product prices and increased financial expenses Key Accounting Data (Jan-Jun 2025) | Key Accounting Data | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,403,321,270.29 | 3,454,170,522.36 | -1.47 | | Net Profit Attributable to Listed Company Shareholders | -57,925,311.64 | 84,742,687.95 | -168.35 | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Items) | -59,462,607.72 | 50,322,403.45 | -218.16 | | Net Cash Flow from Operating Activities | -921,863,230.38 | -75,215,287.78 | -1,125.63 | | Total Assets | 11,611,678,639.99 | 11,226,689,459.77 | 3.43 | Key Financial Indicators (Jan-Jun 2025) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | -0.03 | 0.05 | -160.00 | | Weighted Average Return on Net Assets (%) | -1.31 | 1.90 | Decreased by 3.21 percentage points | | Weighted Average Return on Net Assets (Excluding Non-recurring Items) (%) | -1.34 | 1.13 | Decreased by 2.47 percentage points | - The significant decline in net profit is attributed to terminal consumer demand not keeping pace with capacity release, leading to a notable year-on-year decrease in product selling prices, a substantial drop in gross profit, coupled with increased financial expenses and reduced government subsidies[23](index=23&type=chunk) [Non-recurring Gains and Losses](index=6&type=section&id=%E4%B9%9D%E3%80%81%20%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) The company's non-recurring gains and losses totaled **1.54 million RMB**, primarily from government subsidies and other non-operating income and expenses Non-recurring Gains and Losses Items (Jan-Jun 2025) | Non-recurring Gains and Losses Item | Amount (RMB) | | :--- | :--- | | Gains and losses on disposal of non-current assets | -1,626.56 | | Government subsidies recognized in current profit and loss | 2,004,741.08 | | Other non-operating income and expenses | 634,337.99 | | Less: Income tax impact | -405,559.11 | | Less: Impact on minority interests (after tax) | -694,597.32 | | **Total** | **1,537,296.08** | [Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides management's perspective on the company's operational performance, industry trends, strategic initiatives, and risk factors during the reporting period [Industry and Main Business Overview](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) In the first half of 2025, the paper industry faced increased output but declining revenue and profit due to price drops and import impacts, while the company, specializing in special papers and materials, navigated these challenges with product innovation - In the first half of 2025, the paper industry saw increased output but decreased ex-factory prices, leading to revenue decline and significant profit reduction, with industry profitability remaining under pressure. Imported paper, benefiting from zero tariffs, posed a significant competitive threat to the domestic market[30](index=30&type=chunk) - The company's main business is divided into two segments: special paper (thermal paper, dye-sublimation transfer paper, high-grade coated white board paper, etc.) and special materials (self-adhesive labels, medical film coatings, digital printing films, papermaking chemicals, etc.)[36](index=36&type=chunk) - The company holds a dominant market position in several niche segments, such as special protective thermal paper for lottery tickets and boarding passes, tobacco packaging white board paper dominating the domestic high-end tobacco packaging sector, and liquid food packaging board being a major domestic supplier to international leading enterprises[37](index=37&type=chunk)[38](index=38&type=chunk)[40](index=40&type=chunk) [Discussion and Analysis of Operations](index=9&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) The company is implementing its "14th Five-Year Plan" strategy, focusing on supply chain integration to reduce costs, fostering new materials as a second growth curve, and enhancing operational efficiency through digitalization and risk management - The company's core strategy is "strengthening and complementing the supply chain, industrial revitalization" and "building foundations and strengthening muscles, vertical integration," aiming to establish a high-end green special paper base and cultivate strategic emerging industries as a second growth curve[42](index=42&type=chunk) - To reduce raw material costs and market risks, the Zhanjiang China Paper 400,000-ton chemical mechanical pulp project is in its final construction phase, aiming to achieve self-sufficiency in pulp supply[44](index=44&type=chunk) - Significant technological breakthroughs have been achieved in new materials, with pilot production validation completed for carbon paper base for hydrogen fuel cells and electrolytic water hydrogen production, and latex for lithium-ion batteries passing downstream evaluation, demonstrating performance comparable to imported products[46](index=46&type=chunk) - The company achieved cost reduction and efficiency improvement through lean operational measures such as optimized procurement, shared warehousing, and process digitalization, with wood pulp procurement costs optimized by **11%** year-on-year and accounts receivable decreasing by **13.49%** year-on-year[47](index=47&type=chunk) [Analysis of Core Competencies](index=11&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies include market leadership, strong brands, technological innovation, digitalization, deep reform, and environmental governance, solidifying its industry position and sustainable development - The company holds a leading position in several special paper segments, including carbonless paper, thermal paper, and tobacco white board paper, and is expanding into new materials such as reverse osmosis membrane support materials, lithium battery materials, and hydrogen energy materials[51](index=51&type=chunk) - The company owns highly recognized and reputable brands such as "Guanhao," "Haozheng," "Hongmei," and "Hongta Renheng," with "Hongta Renheng" special paperboard having received a National Science and Technology Progress First Prize[52](index=52&type=chunk) - The company is a pilot unit for the "Integration of Informatization and Industrialization Management System" and has established an advanced digital production and enterprise management information platform within the industry, empowering scientific decision-making and enhancing operational efficiency through digitalization[54](index=54&type=chunk) [Analysis of Key Operating Performance](index=12&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) The company's financial condition is under pressure, with operating costs rising **4.14%** and financial expenses increasing **69.00%** due to higher loan volumes, while operating cash flow significantly deteriorated to **-921.86 million RMB** Analysis of Major Financial Statement Item Changes | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,403,321,270.29 | 3,454,170,522.36 | -1.47 | | Operating Cost | 3,178,709,890.99 | 3,052,448,833.89 | 4.14 | | Financial Expenses | 37,960,479.97 | 22,462,212.95 | 69.00 | | Net Cash Flow from Operating Activities | -921,863,230.38 | -75,215,287.78 | -1,125.63 | | Net Cash Flow from Investing Activities | -301,116,207.58 | -215,194,192.94 | -39.93 | | Net Cash Flow from Financing Activities | 822,899,071.99 | 410,916,927.20 | 100.26 | Changes in Major Asset and Liability Items | Item Name | Current Period End Amount (RMB) | Prior Period End Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Prepayments | 522,135,879.64 | 257,024,876.09 | 103.15 | | Short-term Borrowings | 2,116,997,600.00 | 1,617,847,063.90 | 30.85 | | Notes Payable | 840,653,870.30 | 474,000,000.00 | 77.35 | | Non-current Liabilities Due Within One Year | 262,935,231.60 | 45,886,334.13 | 473.01 | Performance of Major Holding and Participating Companies | Company Name | Operating Revenue (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | | Zhuhai Hongta Renheng Packaging Co., Ltd. | 1,140,570,833.27 | -73,296,088.35 | | Zhuhai Huafeng Paper Co., Ltd. | 1,028,985,861.66 | 7,266,692.09 | | Zhejiang Guanhao New Materials Co., Ltd. | 481,173,968.62 | 6,402,814.21 | [Risk Warning](index=18&type=section&id=%28%E4%B8%80%29%20%E5%8F%AF%E8%83%BD%E9%9D%A2%E5%AF%B9%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces risks from a low-growth global economy, increased import competition due to zero tariffs, intensified domestic industry competition, and fluctuations in raw material prices and exchange rates - The company's main risks include: macroeconomic environment risks, import tariff policy risks, intensified industry competition risks, and raw material price and exchange rate fluctuation risks[67](index=67&type=chunk)[68](index=68&type=chunk)[69](index=69&type=chunk)[70](index=70&type=chunk) [Corporate Governance, Environment and Society](index=21&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section details changes in the company's governance structure, including board and management personnel, updates on equity incentive plans, and its commitment to social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=21&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company experienced significant changes in its board, supervisory board, and senior management, including the election of a new chairman and independent directors, and the departure of several key personnel Major Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Change Type | | :--- | :--- | :--- | | Li Fei | Chairman | Election | | QINGSHAN JASON NIU | Independent Director | Election | | Li Peng | Independent Director | Election | | Xie Xianlong | Chairman | Departure | | Li Fei | General Manager | Departure | [Equity Incentive Plan](index=21&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D) Due to unmet performance targets in 2023 and 2024, the company repurchased and canceled restricted shares from its 2021 equity incentive plan, along with shares from departing employees - Due to the company's 2023 performance not meeting the unlocking conditions, the company repurchased and canceled **11,639,100 restricted shares** from **301 incentive recipients**[82](index=82&type=chunk) - Due to the company's 2024 performance not meeting the unlocking conditions, the company repurchased and canceled **9,734,200 restricted shares** from **239 incentive recipients**[82](index=82&type=chunk) [Social Responsibility (Rural Revitalization)](index=23&type=section&id=%E4%BA%94%E3%80%81%E5%B7%A9%E5%9B%BA%E6%8B%93%E5%B1%95%E8%84%B1%E8%B4%AB%E6%94%BB%E5%9D%9A%E6%88%90%E6%9E%9C%E3%80%81%E4%B9%A1%E6%9D%91%E6%8C%AF%E5%85%B4%E7%AD%89%E5%B7%A5%E4%BD%9C%E5%85%B7%E4%BD%93%E6%83%85%E5%86%B5) The company actively fulfilled its social responsibilities, investing **41,800 RMB** in rural revitalization and consumer assistance, and organizing **32 public welfare activities** with **1,198 volunteer service hours** - The company cumulatively spent **41,800 RMB** on rural revitalization special funds through diversified assistance mechanisms, including **37,800 RMB** for consumer assistance[86](index=86&type=chunk) - The company established a "Party Building + Public Welfare" volunteer service system, organizing **32 public welfare activities** during the reporting period, with **228 volunteers** participating and accumulating **1,198 service hours**[86](index=86&type=chunk) [Significant Matters](index=25&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers important corporate events, including the fulfillment of commitments by major shareholders and significant related-party transactions during the reporting period [Fulfillment of Commitments](index=25&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company's controlling shareholder, China Paper, and ultimate controller, China Chengtong, consistently fulfilled their long-term commitments regarding avoiding horizontal competition, standardizing related-party transactions, and maintaining independence since 2003 - The company's controlling shareholder, China Paper, and ultimate controller, China Chengtong, have strictly fulfilled their long-term commitments regarding avoiding horizontal competition and standardizing related-party transactions[89](index=89&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk) [Significant Related-Party Transactions](index=42&type=section&id=%E5%8D%81%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company's 2025 daily related-party transactions primarily involved purchasing raw materials like wood pulp and coal from China Paper and Chengtong International, and engaging in financial services with Chengtong Finance, all within approved limits - During the reporting period, the company purchased **242 million RMB** of wood pulp and coal raw materials from related party China Paper, and **49.56 million RMB** of coal raw materials from Chengtong International[109](index=109&type=chunk) Financial Transactions with Related Finance Company | Business Type | Related Party | Period-end Balance/Transaction Amount (RMB) | | :--- | :--- | :--- | | Deposit Business | Chengtong Finance Co., Ltd. | 664,481,539.93 | | Loan Business | Chengtong Finance Co., Ltd. | 163,940,206.79 | | Credit Line Business | Chengtong Finance Co., Ltd. | 163,940,206.79 | [Share Changes and Shareholder Information](index=45&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital and provides an overview of its shareholder structure, including major shareholders and their holdings [Share Capital Changes](index=45&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital decreased from **1.76 billion shares** to **1.75 billion shares** due to the repurchase and cancellation of **9.73 million restricted shares** that did not meet unlocking conditions Table of Share Capital Changes | Item | Before This Change (shares) | Increase/Decrease in This Change (shares) | After This Change (shares) | | :--- | :--- | :--- | :--- | | Restricted Shares | 9,734,200 | -9,734,200 | 0 | | Unrestricted Tradable Shares | 1,750,279,233 | 0 | 1,750,279,233 | | **Total Shares** | **1,760,013,433** | **-9,734,200** | **1,750,279,233** | - The decrease in total shares is due to the company repurchasing and canceling **9,734,200 restricted shares** granted to **239 incentive recipients** that had not yet been unlocked[123](index=123&type=chunk) [Shareholder Information](index=46&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **44,583 common shareholders**, with its top two shareholders, Foshan Huaxin Development and China Paper Investment, being state-owned legal entities holding over **40%** combined Shareholding of Top Two Shareholders | Shareholder Name | Period-end Shareholding (shares) | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Foshan Huaxin Development Co., Ltd. | 370,009,058 | 21.14 | State-owned Legal Entity | | China Paper Investment Co., Ltd. | 332,406,230 | 18.99 | State-owned Legal Entity | - As of the end of the reporting period, the company had a total of **44,583 common shareholders**[126](index=126&type=chunk) [Bond-Related Information](index=50&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section provides an overview of the company's bond and debt financing instruments [Company Bond Information](index=50&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%EF%BC%88%E5%90%AB%E4%BC%81%E4%B8%9A%E5%80%BA%E5%88%B8%EF%BC%89%E5%92%8C%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E4%B8%9A%E5%80%BA%E5%8A%A1%E8%9E%8D%E8%B5%84%E5%B7%A5%E5%85%B7) During the reporting period, the company had no outstanding corporate bonds, enterprise bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds - The company has no corporate bonds (including enterprise bonds), non-financial enterprise debt financing instruments, or convertible corporate bonds[136](index=136&type=chunk) [Financial Report](index=51&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's financial statements, including the balance sheet, income statement, and cash flow statement, along with key accounting policies and detailed notes [Financial Statements](index=51&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) As of June 30, 2025, the company's consolidated total assets were **11.61 billion RMB**, total liabilities **5.53 billion RMB**, and owners' equity attributable to the parent company **4.48 billion RMB**, with a net loss of **57.93 million RMB** and significant operating cash flow pressure Key Consolidated Balance Sheet Data (Jun 30, 2025) | Item | Amount (RMB) | | :--- | :--- | | Total Assets | 11,611,678,639.99 | | Total Liabilities | 5,532,145,086.94 | | Total Owners' Equity Attributable to Parent Company | 4,483,002,861.68 | Key Consolidated Income Statement Data (Jan-Jun 2025) | Item | Amount (RMB) | | :--- | :--- | | Total Operating Revenue | 3,403,321,270.29 | | Total Profit | -92,158,964.66 | | Net Profit Attributable to Parent Company Shareholders | -57,925,311.64 | Key Consolidated Cash Flow Statement Data (Jan-Jun 2025) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -921,863,230.38 | | Net Cash Flow from Investing Activities | -301,116,207.58 | | Net Cash Flow from Financing Activities | 822,899,071.99 | | Net Increase in Cash and Cash Equivalents | -408,756,372.84 | [Significant Accounting Policies and Estimates](index=75&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) The company's financial statements are prepared on a going concern basis, adhering to accounting standards, with key policies covering revenue recognition, financial instrument impairment, inventory valuation, long-term equity investments, and research and development capitalization - Revenue recognition policy: Revenue is recognized when the customer obtains control of the related goods[249](index=249&type=chunk) - Financial instrument impairment: Impairment is recognized and loss provisions are made for receivables, debt investments, etc., based on expected credit losses[205](index=205&type=chunk) - Inventory valuation and impairment: Issued inventory is valued using the weighted average method at month-end, and measured at the lower of cost and net realizable value at period-end[213](index=213&type=chunk)[214](index=214&type=chunk) - Research and development expenditures: Research phase expenditures are expensed, while development phase expenditures are capitalized as intangible assets when specific conditions are met[236](index=236&type=chunk) [Notes to Consolidated Financial Statement Items](index=97&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed explanations of key consolidated financial statement items, including accounts receivable of **842 million RMB**, inventory of **1.89 billion RMB**, short-term borrowings of **2.12 billion RMB** (a **30.85% increase**), and a **21.02 million RMB** investment income from Chengtong Finance - Accounts receivable period-end book balance was **863 million RMB**, with bad debt provisions of **20.21 million RMB**, resulting in a book value of **842 million RMB**[274](index=274&type=chunk)[275](index=275&type=chunk) - Inventory period-end book value was **1.89 billion RMB**, including **835 million RMB** in raw materials and **903 million RMB** in finished goods. Inventory impairment provisions of **9.13 million RMB** were made in the current period[307](index=307&type=chunk)[309](index=309&type=chunk) - Short-term borrowings period-end balance was **2.12 billion RMB**, all unsecured, representing a **30.85% increase** from **1.62 billion RMB** at the beginning of the period[361](index=361&type=chunk) - Long-term equity investment in associate Chengtong Finance Co., Ltd. had a period-end book value of **680 million RMB**, with investment income of **21.02 million RMB** recognized in the current period[319](index=319&type=chunk)

广东冠豪高新技术股份有限公司 董事会议事规则 第一章 总则 第一条 为了进一步规范广东冠豪高新技术股份有限公司（以下 简称"公司"或"本公司"）董事会的议事方式和决策程序，促使董 事和董事会有效地履行其职责，提高董事会规范运作和科学决策水平， 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共 和国证券法》（以下简称《证券法》）、《上市公司股东会规则》（以下 简称"股东会规则"）、《广东冠豪高新技术股份有限公司章程》（以下 简称《公司章程》）的规定，制定本规则。 第二条 董事会办公室 董事会下设董事会办公室，处理董事会日常事务。 董事会秘书兼任董事会办公室负责人，保管董事会和董事会办公 室印章。 第三条 专门委员会 董事会可以按照股东会的有关决议，设立可持续发展、审计、提 名、薪酬与考核、科技创新等专门委员会。 专门委员会成员全部由董事组成，其中审计委员会、提名委员会、 薪酬与考核委员会中独立董事应占多数并担任召集人，审计委员会中 至少应有一名独立董事是会计专业人士。各专门委员会对董事会负责， 各专门委员会的提案应提交董事会审查决定。上述专门委员会应制订 相应的工作细则，报董事会批准后生效。 第 ...

| 文件名称 | 广东冠豪高新技术股份有限公司章程 | 版本号 | A/8 | | --- | --- | --- | --- | | 文件编号 | GDGH/ZL.01.001 密级 公开 | 保密期限 | —— | 广东冠豪高新技术股份有限公司 章 程 2025 年 8 月 -1- | 文件名称 | 广东冠豪高新技术股份有限公司章程 | | | 版本号 | A/8 | | --- | --- | --- | --- | --- | --- | | 文件编号 | GDGH/ZL.01.001 | 密级 | 公开 | 保密期限 | —— | 目录 第六章 高级管理人员 -2- 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决与决议 第五章 董事和董事会 第一节 董事的一般规定 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 | 文件名称 | 广东冠豪高新 ...

广东冠豪高新技术股份有限公司 股东会议事规则 第一章 总 则 第一条 为规范广东冠豪高新技术股份有限公司（以下简称"公 司"）行为，保证股东会依法行使职权，根据《中华人民共和国公司 法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）、《上市公司股东会规则》（以下简称《股东会规则》）及《广 东冠豪高新技术股份有限公司章程》（以下简称《公司章程》）的有关 规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规 则。 见并公告： 第三条 公司应当严格按照法律、行政法规、本规则及公司章程 的相关规定召开股东会，保证股东能够依法行使权利。公司董事会应 当切实履行职责，认真、按时组织股东会。公司全体董事应当勤勉尽 责，确保股东会正常召开和依法行使职权。 （一）会议的召集、召开程序是否符合法律、行政法规、本规则 和公司章程的规定； 第四条 股东会应当在《公司法》和《公司章程》规定的范围内 行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年 召开一次，应当于上一会计年度结束后的 6 个月内举行。临时股东会 不定期召开，出现《公司法》第一百一十三条规定的应当召开 ...