格隆汇8月25日丨科达制造(600499.SH)公布2025年半年度报告，上半年实现营业收入81.88亿元，同比增 长49.04%；归属于上市公司股东的净利润7.45亿元，同比增长63.95%；归属于上市公司股东的扣除非经 常性损益的净利润7亿元，同比增长75.06%；基本每股收益0.401元。 ...

证券代码：600499 证券简称：科达制造 公告编号：2025-043 重要内容提示： 梁桐灿先生持有科达制造股份有限公司（以下简称"公司"、"科达制造"） 股份 374,456,779 股，占公司总股本的比例为 19.52%，为公司第一大股东。本次 部分股份解除质押及再次质押后，梁桐灿先生累计质押股份 262,510,000 股，占 其所持公司股份数的 70.10%，占公司总股本的 13.69%。 截至 2025 年 8 月 25 日，梁桐灿先生及其一致行动人广东宏宇集团有限 公司（以下简称"宏宇集团"）持有公司股份 438,797,931 股，占公司总股本的比 例为 22.88%，累计质押股份 326,851,152 股，占其所持公司股份数的 74.49%，占 公司总股本的 17.04%。 公司近日收到第一大股东梁桐灿先生的通知，获悉其将所持有公司的部分股 份办理了解除质押登记及新增质押登记，现将有关情况公告如下： 一、本次股份解除质押情况 2024 年 9 月 5 日，梁桐灿先生将其持有的科达制造 7,100,000 股无限售流通 股办理了质押手续，具体内容详见公司于 2024 年 9 月 7 日在上海 ...

证券代码：600499 证券简称：科达制造 公告编号：2025-041 科达制造股份有限公司 关于计提资产减值准备的公告 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、准确性和完整性依法承担法律责任。 一、本次计提资产减值准备情况概述 为真实、准确和公允地反映科达制造股份有限公司（以下简称"公司"）2025 半年度的财务状况和经营成果，根据《企业会计准则》和公司会计政策的相关规 定，公司对截至 2025 年 6 月 30 日的相关资产进行了减值测试，并根据减值测试 结果相应计提资产减值准备合计人民币 11,553.70 万元（未经审计）。具体明细如 下： 单位：万元 | 项目 | 2025 年 1-6 月发生额 | | --- | --- | | 应收款项减值损失 | 6,174.46 | | 存货减值损失 | 3,938.54 | | 商誉减值损失 | 1,440.70 | | 合计 | 11,553.70 | （二）存货减值损失 根据《企业会计准则第 1 号——存货》及公司会计政策的相关规定，在资产 负债表日，存货按成本与可变现净值孰低计量，对存货成 ...

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： 证券代码：600499 证券简称：科达制造 公告编号：2025-040 科达制造股份有限公司 关于追加预计公司子公司日常关联交易的公告 是否需要提交股东大会审议：否 对公司的影响：本次追加预计日常关联交易符合公司的实际经营和未来 发展需要，相关关联交易均遵循公平、公正、公开的原则，该关联交易对公司独 立性和财务状况、经营成果无不利影响，公司并未对关联方形成较大依赖。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2024 年 12 月 9 日、2025 年 1 月 3 日，科达制造股份有限公司（以下简称"公 司"）分别召开第九届董事会第五次会议及 2025 年第一次临时股东大会，审议通 过《关于公司及子公司日常关联交易的议案》，同意公司子公司在 2025 年度接受 广东宏宇集团有限公司（以下简称"宏宇集团"）旗下子公司提供的石墨化代加 工服务 10,200 万元，向广东佛山市陶瓷研究所控股集团股份有限公司（含其下 属子公司，以下简称"陶瓷研究所"）采 ...

证券代码：600499 证券简称：科达制造 公告编号：2025-042 科达制造股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： 投资者可于 2025 年 9 月 5 日（星期五）至 9 月 11 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 600499@kedachina.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 三、参加人员 1 会议召开时间：2025 年 9 月 12 日（星期五） 下午 13:30-14:30 会议召开地点：上海证券交易所上证路演中心（https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 公司董事长边程先生，董事、总经理杨学先先生，副总裁、财务负责人曾飞 先生，董事会秘书彭琦先生，独立董事蓝海林先生。 科达制造股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日发布公 司《2025 年半年度报告 ...

证券代码：600499 证券简称：科达制造 公告编号：2025-039 科达制造股份有限公司 第九届监事会第九次会议决议公告 本公司监事会及全体监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。 科达制造股份有限公司（以下简称"公司"）第九届监事会第九次会议通知 于 2025 年 8 月 15 日以通讯方式发出，并于 2025 年 8 月 25 日在公司总部大楼会 议室以现场结合通讯方式召开。本次会议由监事会主席彭衡湘主持，会议应到监 事 3 人，实到监事 3 人，授权代表 0 人，董事会秘书列席了会议，符合《中华人 民共和国公司法》及《科达制造股份有限公司章程》（以下简称"《公司章程》"） 的有关规定。会议通过记名投票的方式，审议通过了以下议案： 一、审议通过《2025 年半年度报告及摘要》 监事会按照《中华人民共和国证券法》的有关规定，对董事会编制的《2025 年半年度报告及摘要》发表以下审核意见： 1、《2025 年半年度报告及摘要》的编制和审议程序符合法律、法规、《公司 章程》和公司内部管理制度的各项规定； 2、《2025 年半年度报告及摘 ...

证券代码：600499 证券简称：科达制造 公告编号：2025-038 科达制造股份有限公司 第九届董事会第十次会议决议公告 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。 科达制造股份有限公司（以下简称"公司"）第九届董事会第十次会议通知 于 2025 年 8 月 15 日以通讯方式发出，并于 2025 年 8 月 25 日在公司总部大楼会 议室以现场结合通讯方式召开。本次会议由董事长边程先生主持，会议应到董事 10 人，实到董事 10 人，授权代表 0 人。全体监事及高级管理人员列席了会议， 符合《中华人民共和国公司法》（以下简称"《公司法》"）及《科达制造股份有限 公司章程》（以下简称"《公司章程》"）的有关规定。会议通过记名投票的方式， 审议通过了以下议案： 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn）披露的 《2025 年半年度报告》及《2025 年半年度报告摘要》。 二、审议通过《关于追加预计公司子公司日常关联交易的议案》 根据公司业务发展及日常生产经营需要，同意公司子公司在 2025 ...

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, assuming individual and joint legal responsibility - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, assuming individual and joint legal responsibilities[3](index=3&type=chunk) - This semi-annual report has not been audited[3](index=3&type=chunk) - The company's responsible person, chief accountant, and head of accounting department declare to guarantee the truthfulness, accuracy, and completeness of the financial report in the semi-annual report[3](index=3&type=chunk) - No profit distribution or capital reserve capitalization will be conducted this period[4](index=4&type=chunk) - This semi-annual report involves forward-looking statements such as future plans, which do not constitute a substantial commitment by the company to investors; investors are advised to be aware of investment risks[5](index=5&type=chunk) - There is no non-operating appropriation of funds by controlling shareholders or other related parties[6](index=6&type=chunk) - There is no provision of external guarantees in violation of prescribed decision-making procedures[6](index=6&type=chunk) - No more than half of the directors are unable to guarantee the truthfulness, accuracy, and completeness of the company's disclosed semi-annual report[6](index=6&type=chunk) - Significant risk warnings are detailed in "Possible Risks" under "Other Disclosures" in Section III "Management Discussion and Analysis" of this report[6](index=6&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section primarily lists definitions of common terms used in the report, including company names, brands, subsidiary names, and abbreviations of relevant organizations - This section primarily lists definitions of common terms used in the report, including company names, brands, subsidiary names, and abbreviations of relevant organizations[11](index=11&type=chunk) [Section II Company Profile and Key Financial Indicators](index=5&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, contact details, and key financial performance metrics for the reporting period [Company Information](index=5&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) Discloses the company's Chinese name, abbreviation, foreign name, legal representative, and other basic information - Company Chinese name: Keda Industrial Group Co., Ltd., Abbreviation: Keda Industrial[13](index=13&type=chunk) - Company foreign name: Keda Industrial Group Co., Ltd., Abbreviation: Keda Group[13](index=13&type=chunk) - Legal Representative: Bian Cheng[13](index=13&type=chunk) [Contact Person and Contact Information](index=5&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) Provides the names, contact addresses, telephone numbers, fax numbers, and email addresses of the company's Board Secretary and Securities Affairs Representative - Board Secretary: Peng Qi, Securities Affairs Representative: Huang Shan[14](index=14&type=chunk) - Contact address: No. 1 Huanzhen West Road, Guanglong Industrial Park, Chencun Town, Shunde District, Foshan City, Guangdong Province[14](index=14&type=chunk) - Telephone: 0757-23833869, Email: 600499@kedachina.com.cn[14](index=14&type=chunk) [Brief Introduction to Changes in Basic Information](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5%E5%8F%98%E6%9B%B4%E7%AE%80%E4%BB%8B) Introduces the company's registered address, office address, and other basic information, noting no changes during the reporting period - The company's registered and office address are both No. 1 Huanzhen West Road, Guanglong Industrial Park, Chencun Town, Shunde District, Foshan City, Guangdong Province[15](index=15&type=chunk) - No changes occurred during the reporting period[15](index=15&type=chunk) [Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=5&type=section&id=%E5%9B%9B%E3%80%81%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) Discloses the company's designated newspapers for information disclosure, website address, and report storage locations, with no changes during the reporting period - Information disclosure newspapers: "China Securities Journal", "Securities Times", "Shanghai Securities News"[16](index=16&type=chunk) - Website address for semi-annual report: www.sse.com.cn[16](index=16&type=chunk) - Semi-annual report storage locations: Company, Shanghai Stock Exchange[16](index=16&type=chunk) [Brief Introduction to Company Shares](index=5&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%E7%AE%80%E5%86%B5) Lists the company's A-share and GDR listing exchanges, stock abbreviations, and codes - A-shares are listed on the Shanghai Stock Exchange, stock abbreviation: Keda Industrial, stock code: 600499[17](index=17&type=chunk) - GDRs are listed on the SIX Swiss Exchange, stock abbreviation: Keda Industrial Group Co., Ltd., code: KEDA[17](index=17&type=chunk) [Company's Key Accounting Data and Financial Indicators](index=6&type=section&id=%E4%B8%83%E3%80%81%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) Details the company's key accounting data and financial indicators for the current reporting period and the same period last year, showing significant growth in operating revenue and net profit Key Accounting Data (Jan-Jun 2025 vs. Same Period Last Year) | Indicator | Current Reporting Period (Jan-Jun) (CNY 10,000) | Same Period Last Year (CNY 10,000) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 818,841.89 | 549,404.78 | 49.04 | | Total Profit | 132,911.58 | 62,706.13 | 111.96 | | Net Profit Attributable to Shareholders of Listed Company | 74,506.70 | 45,445.97 | 63.95 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | 69,989.08 | 39,980.53 | 75.06 | | Net Cash Flow from Operating Activities | 65,964.45 | 25,775.95 | 155.91 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 1,201,817.94 | 1,147,893.62 | 4.70 | | Total Assets (Period-end) | 2,903,208.69 | 2,695,019.66 | 7.72 | Key Financial Indicators (Jan-Jun 2025 vs. Same Period Last Year) | Indicator | Current Reporting Period (Jan-Jun) | Same Period Last Year | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan per share) | 0.401 | 0.241 | 66.39 | | Diluted Earnings Per Share (yuan per share) | 0.401 | 0.241 | 66.39 | | Basic Earnings Per Share After Deducting Non-recurring Gains and Losses (yuan per share) | 0.377 | 0.212 | 77.83 | | Weighted Average Return on Net Assets (%) | 6.28 | 3.97 | Increased by 2.31 percentage points | | Weighted Average Return on Net Assets After Deducting Non-recurring Gains and Losses (%) | 5.90 | 3.50 | Increased by 2.40 percentage points | [Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=%E4%B9%9D%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Details the various non-recurring gains and losses and their amounts for the current reporting period, totaling CNY 45.18 million Non-recurring Gains and Losses Items and Amounts (Jan-Jun 2025) | Non-recurring Gains and Losses Item | Amount (CNY 10,000) | | :--- | :--- | | Gains and losses on disposal of non-current assets | 1,740.54 | | Government subsidies recognized in current profit or loss | 2,028.33 | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and investment gains and losses from disposal of financial assets and liabilities | 1,183.61 | | Reversal of impairment provisions for receivables for which impairment tests are performed individually | 235.49 | | Gains and losses from debt restructuring | 168.62 | | Other non-operating income and expenses other than the above | 689.84 | | Less: Income tax impact | 1,198.61 | | Impact on minority interests (after tax) | 330.20 | | **Total** | **4,517.62** | [Net Profit After Deducting Impact of Share-based Payments](index=7&type=section&id=%E5%8D%81%E3%80%81%E5%AD%98%E5%9C%A8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E7%9A%84%E5%85%AC%E5%8F%B8%E5%8F%AF%E9%80%89%E6%8B%A9%E6%8A%AB%E9%9C%B2%E6%89%A3%E9%99%A4%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98%E5%BD%B1%E5%93%8D%E5%90%8E%E7%9A%84%E5%87%80%E5%88%A9%E6%B6%A6) Discloses the net profit after deducting the impact of share-based payments, which was CNY 1.117 billion for the current period, a year-on-year increase of 101.51% Net Profit After Deducting Impact of Share-based Payments (Jan-Jun 2025 vs. Same Period Last Year) | Key Accounting Data | Current Reporting Period (Jan-Jun) (CNY 10,000) | Same Period Last Year (CNY 10,000) | Current Period vs. Same Period Last Year Change (%) | | :--- | :--- | :--- | :--- | | Net Profit After Deducting Impact of Share-based Payments | 111,723.86 | 55,443.59 | 101.51 | [Section III 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 a comprehensive analysis of the company's operational performance, financial condition, and key business segments during the reporting period [Explanation of the Company's Industry and Main Business Operations During the Reporting Period](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) The company's main businesses include ceramic machinery, overseas building materials production and sales, and strategic investment in lithium salt, with emerging businesses in lithium battery materials and equipment, hydraulic pumps, and smart energy; no significant changes in business or operating model occurred during the reporting period - The company's main businesses include the production and sales of **ceramic machinery** and **overseas building materials**[24](index=24&type=chunk) - Strategic investment focuses on **lithium salt business**, primarily through Qinghai Salt Lake Lanke Lithium Co., Ltd[24](index=24&type=chunk) - Emerging businesses include **lithium battery materials and equipment**, hydraulic pumps, and smart energy[24](index=24&type=chunk) - No significant changes occurred in the company's main businesses or operating model during the reporting period[24](index=24&type=chunk) [Overview of Main Businesses](index=8&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E6%A6%82%E5%86%B5) Details the company's specific operations and product layout in ceramic machinery, overseas building materials, and strategic investment in emerging businesses (lithium battery materials and equipment, lithium salt investment) - Ceramic machinery business: Core products include ceramic presses, kilns, polishing equipment, and intelligent post-kiln complete lines, offering "equipment + spare parts & consumables + services" comprehensive solutions[25](index=25&type=chunk) - Overseas building materials business: Implements a "large building materials" strategy, building a diversified business structure of "ceramics + glass + sanitary ware"; as of June 2025, operates 11 production bases with **21 ceramic tile production lines**, **2 glass production lines**, and **2 sanitary ware production lines** across **7 African countries**[28](index=28&type=chunk) - Strategic investment and emerging businesses: Forms a structure of "anode materials + lithium battery equipment + lithium salt investment"; anode material capacity is **90,000 tons/year** for graphitization, and lithium salt investment includes a **48.58% equity stake in Lanke Lithium**, with a **41,000 tons/year lithium carbonate capacity**[30](index=30&type=chunk) [Industry Development Overview](index=9&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E8%A1%8C%E4%B8%9A%E5%8F%91%E5%B1%95%E6%83%85%E5%86%B5) Analyzes the Chinese ceramic tile industry's deep adjustments in H1 2025, facing upgrading domestic demand and external pressure, and the African building materials market's moderate growth driven by infrastructure investment - Chinese ceramic tile industry: H1 saw sluggish domestic demand with new construction starts declining by **20%**, and both export volume and value decreased; policies are driving the industry towards intensive, intelligent, and green transformation[31](index=31&type=chunk)[32](index=32&type=chunk) - African building materials market: The construction industry grew at an average annual rate of **5.6%** from 2013-2022, projected to reach **5.1%** from 2023-2032; ceramic tile production and consumption are expected to maintain moderate growth at average annual compound rates of **5.6%** and **6.0%** respectively from 2024-2028[34](index=34&type=chunk)[36](index=36&type=chunk) [Discussion and Analysis of Operations](index=12&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) In H1 2025, the company achieved stable progress amidst a complex global environment, with operating revenue increasing by 49.04% year-on-year, overseas business accounting for over 65%, and net profit attributable to shareholders growing by 63.95%, primarily driven by capacity release and price optimization in overseas building materials - The company achieved operating revenue of **CNY 8.188 billion**, a year-on-year increase of **49.04%**, with overseas business revenue accounting for over **65%**[38](index=38&type=chunk) - Net profit attributable to shareholders of the listed company was **CNY 745 million**, a year-on-year increase of **63.95%**[38](index=38&type=chunk) [Ceramic Machinery Business: Global Layout Advances, Breakthroughs in High-end Market and Service Capabilities](index=12&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E9%99%B6%E7%93%B7%E6%9C%BA%E6%A2%B0%E4%B8%9A%E5%8A%A1%EF%BC%9A%E5%85%A8%E7%90%83%E5%8C%96%E5%B8%83%E5%B1%80%E5%86%8D%E8%BF%9B%E9%98%B6%EF%BC%8C%E9%AB%98%E7%AB%AF%E5%B8%82%E5%9C%BA%E4%B8%8E%E6%9C%8D%E5%8A%A1%E8%83%BD%E5%8A%9B%E5%AE%9E%E7%8E%B0%E7%AA%81%E7%A0%B4) Ceramic machinery business revenue was CNY 2.57 billion in H1, a 5.01% year-on-year decrease due to slowing industry demand; the company strengthened global competitiveness through new subsidiaries in Brazil and Vietnam, Turkish factory operations, technological iteration, and cross-industry applications - Building materials machinery business achieved operating revenue of **CNY 2.57 billion**, a year-on-year decrease of **5.01%**[38](index=38&type=chunk) - New subsidiaries established in Brazil and Vietnam, with the Egypt subsidiary project initiated, strengthening localization capabilities[39](index=39&type=chunk) - The BOZUYUK factory's spare parts and consumables workshop in Turkey commenced operations, and the KAMI ink factory is expected to start production in Q3[39](index=39&type=chunk) - Ceramic presses entered the European high-end market for the first time, and the "Keda Hard Material Polishing and Grinding Experiment Center" was established[39](index=39&type=chunk) [Overseas Building Materials Business: Capacity Release and Price Optimization Drive Resilient Growth in Revenue and Net Profit](index=13&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E6%B5%B7%E5%A4%96%E5%BB%BA%E6%9D%90%E4%B8%9A%E5%8A%A1%EF%BC%9A%E4%BA%A7%E8%83%BD%E9%87%8A%E6%94%BE%E5%8F%A0%E5%8A%A0%E4%BB%B7%E6%A0%BC%E4%BC%98%E5%8C%96%EF%BC%8C%E9%A9%B1%E5%8A%A8%E8%90%A5%E6%94%B6%E5%87%80%E5%88%A9%E9%9F%A7%E6%80%A7%E5%8F%8C%E5%8D%87) Overseas building materials business revenue reached CNY 3.771 billion, a 90.08% year-on-year increase, with gross margin improving by 5.85 percentage points, primarily due to capacity expansion, optimized pricing strategies, and glass business development; ceramic tile production increased by 16.96% year-on-year - Overseas building materials business achieved total revenue of **CNY 3.771 billion**, a year-on-year increase of **90.08%**[40](index=40&type=chunk) - Gross margin was **36.80%**, an increase of **5.85 percentage points** year-on-year[40](index=40&type=chunk) - Ceramic tile product output was approximately **98 million square meters**, a year-on-year increase of approximately **16.96%**[40](index=40&type=chunk) - The Kenya Ishinya Ceramics project and Côte d'Ivoire Ceramics project were ignited in June; overseas building materials business now operates **21 ceramic tile production lines** across **7 African countries**[41](index=41&type=chunk) [Strategic Investment Business: Quality and Efficiency Improvement to Address Industry Adjustments, Stable Production and Sales Highlight Operational Resilience](index=13&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E6%88%98%E7%95%A5%E6%8A%95%E8%B5%84%E4%B8%9A%E5%8A%A1%EF%BC%9A%E6%8F%90%E8%B4%A8%E5%A2%9E%E6%95%88%E5%BA%94%E5%AF%B9%E8%A1%8C%E4%B8%9A%E8%B0%83%E6%95%B4%EF%BC%8C%E4%BA%A7%E9%94%80%E7%A8%B3%E5%9B%BA%E5%87%B8%E6%98%BE%E7%BB%8F%E8%90%A5%E9%9F%A7%E6%80%A7) In strategic investment, Lanke Lithium's H1 lithium carbonate output was approximately 20,000 tons, with sales of approximately 20,600 tons, showing slight year-on-year increases in production and sales; however, revenue slightly declined due to market prices, and net profit was CNY 385 million - Lanke Lithium achieved lithium carbonate output of approximately **20,000 tons** and sales of approximately **20,600 tons**[42](index=42&type=chunk) - Lanke Lithium achieved operating revenue of **CNY 1.242 billion** and net profit of **CNY 385 million**, contributing **CNY 168 million** to the company's net profit attributable to shareholders[42](index=42&type=chunk) [Analysis of Core Competitiveness During the Reporting Period](index=14&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 continuously enhances its core competitiveness in market position, global resource integration, innovation, corporate culture, and digital lean management through its "globalization, service-orientation, digitalization, and youthfulness" strategy - The company implements a "four-pronged integration" strategy: **globalization, service-orientation, digitalization, and youthfulness**[44](index=44&type=chunk) [Leading Market Position Builds Brand Advantage, Multi-brand Strategy Covers Diverse Needs](index=14&type=section&id=1%E3%80%81%E9%A2%86%E5%85%88%E5%B8%82%E5%9C%BA%E5%9C%B0%E4%BD%8D%E6%9E%84%E5%BB%BA%E5%93%81%E7%89%8C%E4%BC%98%E5%8A%BF%EF%BC%8C%E5%A4%9A%E5%93%81%E7%89%8C%E6%88%98%E7%95%A5%E8%A6%86%E7%9B%96%E5%A4%9A%E6%A0%B7%E5%8C%96%E9%9C%80%E6%B1%82) The company leverages a multi-brand strategy including "Keda," "Litai," and "Weigao" to secure market share in ceramic machinery, while its overseas building materials business establishes a leading position in Africa with the "Tefu" brand and expands with "MICASSO" and "Frencia" - Ceramic machinery business builds a rich product matrix through "Keda," "Litai," and "Weigao" brands[45](index=45&type=chunk) - In overseas building materials, the ceramic tile brand "Tefu" has established a leading position in some African regions, and the company is expanding with the high-end brand "MICASSO" and sanitary ware brand "Frencia"[46](index=46&type=chunk) [Global Layout Integrates Global Resources, Full-Chain Services Enhance Market Penetration](index=14&type=section&id=2%E3%80%81%E5%85%A8%E7%90%83%E5%8C%96%E5%B8%83%E5%B1%80%E6%95%B4%E5%90%88%E5%85%A8%E7%90%83%E8%B5%84%E6%BA%90%EF%BC%8C%E5%85%A8%E9%93%BE%E6%9D%A1%E6%9C%8D%E5%8A%A1%E5%BC%BA%E5%8C%96%E5%B8%82%E5%9C%BA%E6%B8%97%E9%80%8F) The company's ceramic machinery business operates 12 production bases and over a hundred service outlets globally, offering full-cycle support services; its overseas building materials business is based on localized operations in Africa, with products sold to over 40 countries and regions, and local employees accounting for over 90% - Ceramic machinery business operates **12 production bases** and over **100 spare parts warehouses and service outlets** globally[47](index=47&type=chunk) - Overseas building materials products are sold to over **40 countries and regions**, with local employees accounting for over **90%** at African production bases[48](index=48&type=chunk) [Innovation-Driven Approach Shapes Product Strength, Leading Green and Digital Transformation in the Industry](index=15&type=section&id=3%E3%80%81%E5%88%9B%E6%96%B0%E9%A9%B1%E5%8A%A8%E5%A1%91%E9%80%A0%E4%BA%A7%E5%93%81%E7%A1%AC%E5%AE%9E%E5%8A%9B%EF%BC%8C%E5%BC%95%E9%A2%86%E8%A1%8C%E4%B8%9A%E7%BB%BF%E8%89%B2%E5%8F%8A%E6%95%B0%E5%AD%97%E5%8C%96%E8%BD%AC%E5%9E%8B) The company drives innovation through platforms like the "National Certified Enterprise Technology Center," established a hard materials polishing and grinding experiment center, upgraded the "Zhentao MOM2025" platform, and received multiple technology awards, leading the industry's green and digital transformation - Established innovation R&D platforms such as the "National Certified Enterprise Technology Center" and "Post-doctoral Research Workstation"[49](index=49&type=chunk) - Established the "Keda Hard Material Polishing and Grinding Experiment Center" and upgraded the ceramic digital manufacturing operation management platform "Zhentao MOM2025"[49](index=49&type=chunk) - Products like the high-efficiency digital double-layer roller kiln received the 2024 Building Materials Science and Technology Award[50](index=50&type=chunk) [Corporate Culture Builds Partnership Mechanism, Interest Alignment Motivates Team Dynamics](index=16&type=section&id=4%E3%80%81%E4%BC%81%E4%B8%9A%E6%96%87%E5%8C%96%E6%9E%84%E5%BB%BA%E5%90%88%E4%BC%99%E6%9C%BA%E5%88%B6%EF%BC%8C%E5%88%A9%E7%9B%8A%E7%BB%91%E5%AE%9A%E6%BF%80%E5%8F%91%E5%9B%A2%E9%98%9F%E5%8A%A8%E8%83%BD) The company adheres to a "wealth distribution for talent aggregation" partnership culture, aligning employee interests with company development through equity incentives and employee stock ownership plans; a new employee stock ownership plan was launched this period, granting approximately 60 million shares - Adheres to the partnership culture philosophy of "wealth distribution for talent aggregation, wealth aggregation for talent dispersion"[53](index=53&type=chunk) - Launched a new employee stock ownership plan, granting approximately **60 million shares** in total, with participation from no more than **550 individuals**[53](index=53&type=chunk) [Digital Transformation Strengthens Manufacturing Foundation, Lean Management Enhances Operational Efficiency](index=16&type=section&id=5%E3%80%81%E6%95%B0%E5%AD%97%E5%8C%96%E8%BD%AC%E5%9E%8B%E7%AD%91%E7%89%A2%E5%88%B6%E9%80%A0%E6%A0%B9%E5%9F%BA%EF%BC%8C%E7%B2%BE%E7%9B%8A%E7%AE%A1%E7%90%86%E6%8F%90%E5%8D%87%E8%BF%90%E8%90%A5%E6%95%88%E8%83%BD) The company aims for "overall digitalization and intelligent scenarios," comprehensively upgrading its overseas building materials business production system; subsidiary Anhui Keda Clean Energy completed "5G+Industrial Internet" transformation, and lean management continues to improve operational efficiency and cost control - Overseas building materials business fully applies production planning collaborative optimization system, equipment asset management system, and quality management system[54](index=54&type=chunk) - Subsidiary Anhui Keda Clean Energy completed the "5G+Industrial Internet Smart Energy-saving and Environmental Protection Equipment Factory Project" transformation, selected as a typical digital transformation demonstration project in Anhui Province[54](index=54&type=chunk) - Keda Ceramic Machinery received over **3,500 employee-initiated improvement proposals** and conducted over **130 improvement workshops**[54](index=54&type=chunk) [Key Operating Performance During the Reporting Period](index=16&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) This section analyzes the company's financial statement item changes, asset and liability status, investment status, and operating performance of major controlled and investee companies during the reporting period, showing significant revenue growth but increased financial expenses due to exchange losses [Analysis of Main Business](index=16&type=section&id=%28%E4%B8%80%29%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) During the reporting period, the company's operating revenue increased by 49.04% year-on-year, primarily due to significant growth in sales of overseas building materials, lithium battery materials, and new energy equipment businesses; operating costs rose with sales, and financial expenses increased by 65.69% due to exchange losses Financial Statement Items Change Analysis (Jan-Jun 2025 vs. Same Period Last Year) | Item | Current Period (CNY 10,000) | Same Period Last Year (CNY 10,000) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 818,841.89 | 549,404.78 | 49.04 | | Operating Cost | 578,577.47 | 408,587.36 | 41.60 | | Selling Expenses | 28,229.38 | 30,161.09 | -6.40 | | Administrative Expenses | 52,150.99 | 41,782.68 | 24.81 | | Financial Expenses | 24,172.98 | 14,589.63 | 65.69 | | R&D Expenses | 16,076.15 | 16,777.85 | -4.18 | | Net Cash Flow from Operating Activities | 65,964.45 | 25,775.95 | 155.91 | | Net Cash Flow from Investing Activities | -61,049.98 | -96,930.32 | 37.02 | | Net Cash Flow from Financing Activities | 34,378.18 | -9,233.84 | 472.31 | - Operating revenue increased by **49.04%**, mainly due to significant growth in sales of overseas building materials, lithium battery materials, and new energy equipment businesses[56](index=56&type=chunk) - Financial expenses increased by **65.69%**, primarily due to increased exchange losses[56](index=56&type=chunk) - Net cash flow from operating activities increased by **155.91%**, mainly due to expanded sales scale[56](index=56&type=chunk) [Analysis of Assets and Liabilities](index=17&type=section&id=%28%E4%B8%89%29%E8%B5%84%E4%BA%A7%E3%80%81%E8%B4%9F%E5%80%BA%E6%83%85%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, the company's total assets increased by 7.72% year-on-year, and total liabilities increased by 6.89% year-on-year; contract assets, short-term borrowings, notes payable, taxes payable, and deferred income showed significant growth; overseas assets accounted for 34.66% of total assets Assets and Liabilities Status (Period-end vs. Previous Year-end) | Item Name | Current Period-end (CNY 10,000) | Previous Year-end (CNY 10,000) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,903,208.69 | 2,695,019.66 | 7.72 | | Total Liabilities | 1,405,774.10 | 1,315,214.06 | 6.89 | | Financial Assets Held for Trading | 44,939.83 | 71,659.42 | -37.29 | | Accounts Receivable | 290,788.75 | 225,181.62 | 29.14 | | Contract Assets | 36,899.37 | 14,614.29 | 152.49 | | Short-term Borrowings | 158,635.26 | 101,792.70 | 55.84 | | Notes Payable | 72,430.89 | 43,517.35 | 66.44 | | Taxes Payable | 28,725.23 | 19,281.83 | 48.98 | | Non-current Liabilities Due Within One Year | 212,096.84 | 141,945.84 | 49.42 | | Deferred Income | 5,194.31 | 2,733.42 | 90.03 | | Deferred Income Tax Liabilities | 13,622.33 | 8,811.23 | 54.60 | - Overseas assets amounted to **CNY 10.063 billion**, accounting for **34.66%** of total assets[61](index=61&type=chunk) - Overseas assets are primarily formed by the overseas building materials business jointly operated by the company and strategic partner Sunda Group, which generated operating revenue of **CNY 3.771 billion** and net profit of **CNY 642.23 million** in the reporting period[63](index=63&type=chunk) [Analysis of Investment Status](index=20&type=section&id=%28%E5%9B%9B%29%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company's investment amount during the reporting period was CNY 11.2609 million, a year-on-year decrease of 93.11%; significant non-equity investment projects include the Côte d'Ivoire ceramic factory and Fujian Keda Phase II; the company also invested in private equity funds and conducted derivative investments for hedging purposes to mitigate exchange rate fluctuation risks - Investment amount during the reporting period was **CNY 11.2609 million**, a year-on-year decrease of **93.11%**[65](index=65&type=chunk) - Significant non-equity investment projects include the Côte d'Ivoire ceramic factory Phase I, Fujian Keda Phase II, and the Peru glass factory new construction project, with a cumulative actual investment of **CNY 1.898 billion**[65](index=65&type=chunk) - Private equity fund investments include Guangzhou Jinda Yingfei Venture Capital and Guangdong Keda Nanyue New Energy Venture Capital, with investment targets covering new energy vehicles, new materials, etc[66](index=66&type=chunk) - Derivative investments for hedging purposes (forward financial contracts) had a book value of **CNY 620.15 million** at period-end, accounting for **5.16%** of net assets, aimed at hedging exchange rate fluctuation risks[66](index=66&type=chunk) [Analysis of Major Controlled and Investee Companies](index=22&type=section&id=%28%E5%85%AD%29%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Discloses financial data for major controlled subsidiaries Keda Ceramics (Ghana) Company Limited and Guangdong Keda Lithium Co., Ltd., as well as newly added and deregistered subsidiaries during the reporting period Major Controlled and Investee Companies (Jan-Jun 2025) | Company Name | Company Type | Main Business | Registered Capital | Total Assets (CNY 10,000) | Net Assets (CNY 10,000) | Operating Revenue (CNY 10,000) | Net Profit (CNY 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Keda Ceramics (Ghana) Company Limited | Subsidiary | Building materials production and sales | USD 10 million | 168,102.61 | 111,166.95 | 105,129.12 | 38,502.43 | | Guangdong Keda Lithium Co., Ltd. | Subsidiary | Investment platform | CNY 100,000 | 227,948.39 | 227,948.39 | - | 14,559.34 | - Newly added subsidiaries during the reporting period include Keda Industrial Brazil Ltda, Kami Turkey Mürekkep Sanayi Ve Ticaret Anonim Şirketi, etc[71](index=71&type=chunk) - Deregistered subsidiary Foshan Keda Ecological Stone Engineering Technology Co., Ltd., and sold Maanshan Kean Photovoltaic Power Generation Co., Ltd[71](index=71&type=chunk) [Other Disclosures](index=23&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) The company faces risks from macroeconomics and industrial policies, investment control and overseas operations, and asset impairment; it continues to implement "quality and efficiency improvement for better returns" actions, including focusing on main business, investor returns, communication, and standardized operations [Possible Risks](index=23&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 macroeconomics and industrial policies, investment control and overseas operations, and asset impairment, including geopolitical tensions, a sluggish real estate market, exchange rate fluctuations, management challenges from business expansion, and goodwill impairment risks - Macroeconomic and industrial policy risks: Geopolitical tensions, intensified trade frictions, sluggish real estate market, exchange rate fluctuations[71](index=71&type=chunk) - Investment control and overseas operational risks: Challenges in integrating and managing subsidiaries due to business expansion, complex international situations, and differences in laws and regulations[73](index=73&type=chunk) - Asset impairment risks: Accounts receivable bad debt risk due to cyclical adjustments in the building materials and lithium battery industries, and potential impairment of goodwill and other assets if M&A projects underperform expectations[75](index=75&type=chunk) [Other Disclosures](index=24&type=section&id=%28%E4%BA%8C%29%20%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) The company continues its "quality and efficiency improvement for better returns" initiative, achieving CNY 8.188 billion in revenue and CNY 745 million in net profit attributable to shareholders in H1, with significant year-on-year growth; the 2024 profit distribution plan distributed CNY 372 million in cash dividends, and share repurchases totaling CNY 752 million were completed; the company also revised its Articles of Association to optimize governance - In H1 2025, achieved operating revenue of **CNY 8.188 billion**, a year-on-year increase of **49.04%**; net profit attributable to shareholders was **CNY 745 million**, a year-on-year increase of **63.95%**[76](index=76&type=chunk) - Implemented the 2024 profit distribution plan, distributing **CNY 0.2 per share** (including tax) in cash dividends, totaling approximately **CNY 372 million**[79](index=79&type=chunk) - Completed the cancellation of **30.5635 million treasury shares** and the repurchase of approximately **30 million shares**, involving approximately **CNY 752 million**[79](index=79&type=chunk) - Revised the "Articles of Association" to abolish the supervisory board, integrating its powers into the Board's Audit Committee, and proposing to add one employee representative director seat[80](index=80&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=25&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 covers changes in the company's governance structure, including board and management personnel, profit distribution plans, employee incentive programs, environmental disclosures, and contributions to rural revitalization [Changes in Company Directors, Supervisors, and Senior Management](index=25&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) During the reporting period, Mr. Deng Haoxuan resigned as director and member of the Strategic Committee due to personal reasons, and the company nominated Mr. Chen Yongcheng as a director candidate - On June 30, 2025, Mr. Deng Haoxuan resigned from his positions as director and member of the Board's Strategic Committee of the Ninth Board of Directors due to personal reasons[83](index=83&type=chunk) - The company nominated Mr. Chen Yongcheng as a candidate for director of the Ninth Board of Directors, pending approval by the general meeting of shareholders[84](index=84&type=chunk) [Profit Distribution or Capital Reserve Capitalization Plan](index=26&type=section&id=%E4%BA%8C%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company's proposed semi-annual profit distribution plan is to not distribute profits or capitalize capital reserves - The proposed semi-annual profit distribution plan is to not distribute or capitalize[85](index=85&type=chunk) - The number of bonus shares, cash dividends, and capitalization shares per 10 shares are all **0**[85](index=85&type=chunk) [Equity Incentive and Employee Stock Ownership Plans](index=26&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) The company's 2020 employee stock ownership plan has been fully unlocked, with the second tranche yet to be liquidated and distributed; the first tranche of the 2025 employee stock ownership plan has completed non-trading transfer of shares, accounting for 2.50% of total share capital - Both tranches of the 2020 employee stock ownership plan have been fully unlocked, with the second tranche yet to complete property liquidation and distribution, holding a total of **17,556,700 company shares**, accounting for **0.92%** of total share capital[87](index=87&type=chunk) - The first tranche of the 2025 employee stock ownership plan has completed non-trading transfer of shares, involving **387 individuals** and **48.03 million shares**, accounting for **2.50%** of the company's total share capital[87](index=87&type=chunk) - Seven directors, supervisors, and senior management personnel collectively subscribed for **38.315 million units** of this employee stock ownership plan, corresponding to **9.7 million company shares**[107](index=107&type=chunk) [Environmental Information Disclosure Status](index=27&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%B3%E5%85%A5%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E4%BE%9D%E6%B3%95%E6%8A%AB%E9%9C%B2%E4%BC%81%E4%B8%9A%E5%90%8D%E5%8D%95%E7%9A%84%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E7%9A%84%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%83%85%E5%86%B5) Two of the company's subsidiaries (Fujian Keda New Energy Technology Co., Ltd. and Chongqing Keda New Energy Materials Co., Ltd.) are included in the list of enterprises required to disclose environmental information by law, with Chongqing Keda New Materials scheduled to disclose its 2025 annual report in 2026 - Two subsidiaries are included in the list of enterprises required to disclose environmental information by law: Fujian Keda New Energy Technology Co., Ltd. and Chongqing Keda New Energy Materials Co., Ltd[88](index=88&type=chunk) - Chongqing Keda New Materials is scheduled to disclose its 2025 annual environmental information disclosure report before the prescribed date in 2026[89](index=89&type=chunk) [Rural Revitalization and Poverty Alleviation Efforts](index=28&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) In H1 2025, the company and its domestic subsidiaries actively engaged in rural revitalization and poverty alleviation, investing over CNY 170,000, primarily for supporting rural cultural activities and donating to impoverished families, welfare homes, and schools - In H1 2025, the company and its domestic subsidiaries invested over **CNY 170,000** in rural revitalization and consolidating poverty alleviation achievements[90](index=90&type=chunk) - Key efforts included sponsoring rural traditional cultural activities and donating funds and materials to local impoverished families, welfare homes, and schools[90](index=90&type=chunk) [Section V Significant Matters](index=29&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 details the company's significant commitments, litigation, related party transactions, and major contracts, providing insight into its operational and financial integrity [Fulfillment of Commitments](index=29&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) Discloses the fulfillment status of commitments made by the company's actual controller, shareholders, and others regarding resolving horizontal competition, reducing related party transactions, and share reductions; all commitments were strictly fulfilled during the reporting period - Liang Tongcan and Guangdong Hongyu Group committed to resolving horizontal competition issues in the new energy battery anode materials business within **5 years**[92](index=92&type=chunk) - Guangdong Hongyu Group committed to minimizing or reducing related party transactions with Keda Industrial and conducting them on fair terms[92](index=92&type=chunk) - Bian Cheng and Guan Qi committed not to reduce their holdings of company shares in any way within **12 months** from the date of completion of non-trading transfer of shares resulting from divorce-related division[92](index=92&type=chunk) - All commitments were strictly and timely fulfilled[92](index=92&type=chunk) [Significant Litigation and Arbitration Matters](index=30&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) The company's controlled subsidiary Jiangsu Kehang is involved in a trade secret infringement lawsuit with Jiangsu Jiangnan Ecological Carbon Technology (Group) Co., Ltd., currently under second-instance review; the company has recognized a provision of CNY 18.33 million based on the first-instance judgment - The company's controlled subsidiary Jiangsu Kehang is involved in a trade secret infringement lawsuit with Jiangnan Environmental Protection, with the first-instance judgment ordering Jiangsu Kehang to pay **CNY 17.91 million** in compensation[93](index=93&type=chunk) - Both parties filed for retrial, which was rejected by the Supreme People's Court[93](index=93&type=chunk) - As of June 30, 2025, the company has recognized a provision of **CNY 18.33 million** based on the aforementioned civil judgment[630](index=630&type=chunk) [Significant Related Party Transactions](index=31&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) Discloses the progress of daily related party transactions between the company and its subsidiaries with Guangzhou Sunda, Sunda Group, subsidiaries of Hongyu Group, Ceramic Research Institute, and Guoci Kanglitai in procurement, sales, and services - The company and its subsidiaries entered into transactions with Guangzhou Sunda, Sunda Group, and its subsidiaries, including procurement of raw materials and goods totaling **CNY 12.28 million**, and sales of building materials products and raw materials totaling **CNY 350.28 million**[96](index=96&type=chunk) - Transactions with subsidiaries of Hongyu Group included sales of machinery equipment and provision of contract energy management services totaling **CNY 2.38 million**, and acceptance of graphitization processing services totaling **CNY 84.00 million**[96](index=96&type=chunk) - Transactions with the Ceramic Research Institute included procurement of ceramic parts totaling **CNY 44.82 million**, and with Guoci Kanglitai for procurement of inks and glazes totaling **CNY 96.25 million**[97](index=97&type=chunk) [Significant Contracts and Their Fulfillment](index=33&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company had no external guarantees, but guarantees provided to subsidiaries totaled CNY 1.184 billion, with a period-end balance of CNY 4.603 billion, accounting for 38.30% of the company's net assets - Guarantees provided to subsidiaries during the reporting period totaled **CNY 1.184 billion**[102](index=102&type=chunk) - The period-end balance of guarantees to subsidiaries totaled **CNY 4.603 billion**[102](index=102&type=chunk) - Total guarantees accounted for **38.30%** of the company's net assets[102](index=102&type=chunk) - Among these, debt guarantees provided directly or indirectly to guaranteed entities with an asset-liability ratio exceeding **70%** amounted to **CNY 2.929 billion**[102](index=102&type=chunk) [Section VI Share Changes and Shareholder Information](index=35&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 outlines changes in the company's share capital and provides details on its shareholder structure, including major shareholders and their holdings [Changes in Share Capital](index=35&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) During the reporting period, there were no changes in the company's total share capital or share structure - During the reporting period, there were no changes in the company's total share capital or share structure[104](index=104&type=chunk) [Shareholder Information](index=35&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 59,663 common shareholders; the top ten shareholders' holdings are disclosed, with Liang Tongcan as the largest shareholder holding 19.52%, with some shares pledged - Total number of common shareholders as of the end of the reporting period: **59,663**[105](index=105&type=chunk) - Liang Tongcan is the largest shareholder, holding **374,456,779 shares** at period-end, representing **19.52%** of total shares, of which **242,210,000 shares** are pledged[106](index=106&type=chunk) - Hong Kong Securities Clearing Company Limited holds **139,136,993 shares**, representing **7.25%**[106](index=106&type=chunk) - The company's special securities account for share repurchase holds **59,999,862 shares**, accounting for **3.13%** of total share capital[106](index=106&type=chunk) - Ms. Guan Qi entrusted the voting rights, nomination rights, and proposal rights corresponding to her **49,349,799 shares** to Mr. Bian Cheng[106](index=106&type=chunk) [Information on Directors, Supervisors, and Senior Management](index=37&type=section&id=%E4%B8%89%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) During the reporting period, the company implemented the 2025 employee stock ownership plan, with 7 directors, supervisors, and senior management collectively subscribing for 38.315 million units, corresponding to 9.7 million company shares - Seven directors, supervisors, and senior management personnel collectively subscribed for **38.315 million units** of the 2025 employee stock ownership plan, corresponding to **9.7 million company shares**[107](index=107&type=chunk) [Section VII Bond-Related Information](index=38&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 confirms that the company had no outstanding corporate bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds during the reporting period [Corporate Bonds and Non-Financial Enterprise Debt Financing Instruments](index=38&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) The company had no corporate bonds or non-financial enterprise debt financing instruments during the reporting period - The company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during the reporting period[110](index=110&type=chunk) [Convertible Corporate Bonds](index=38&type=section&id=%E4%BA%8C%E3%80%81%E5%8F%AF%E8%BD%AC%E6%8D%A2%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E6%83%85%E5%86%B5) The company had no convertible corporate bonds during the reporting period - The company had no convertible corporate bonds during the reporting period[110](index=110&type=chunk) [Section VIII Financial Report](index=39&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 unaudited consolidated and parent company financial statements for the first half of 2025, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity [Audit Report](index=39&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This semi-annual report has not been audited - This semi-annual report has not been audited[112](index=112&type=chunk) [Financial Statements](index=39&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's 2025 semi-annual consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, comprehensively reflecting the company's financial position, operating results, and cash flow - Includes consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity[112](index=112&type=chunk)[118](index=118&type=chunk)[122](index=122&type=chunk)[126](index=126&type=chunk)[129](index=129&type=chunk)[133](index=133&type=chunk)[136](index=136&type=chunk)[141](index=141&type=chunk) [Company Basic Information](index=58&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) The company was established on December 11, 1996, listed in September 2002, with a registered capital of CNY 1,917,856,391.00; its main business scope includes building materials machinery, clean energy equipment, lithium battery materials, etc., belonging to the special equipment manufacturing industry - Company establishment date: December 11, 1996; listing date: October 10, 2002[146](index=146&type=chunk) - Current registered capital is **CNY 1,917,856,391.00**[146](index=146&type=chunk) - Main business scope: Manufacturing of building ceramics, stone, wall materials, energy-saving and environmental protection building materials machinery and equipment, lithium battery materials, etc[147](index=147&type=chunk) - Company's industry: Special equipment manufacturing[147](index=147&type=chunk) [Basis of Financial Statement Preparation](index=58&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The company's financial statements are prepared on a going concern basis, adhering to enterprise accounting standards and relevant disclosure regulations of the China Securities Regulatory Commission, and demonstrating the ability to continue as a going concern for at least 12 months - Financial statements are prepared on a going concern basis, complying with enterprise accounting standards and CSRC disclosure regulations[148](index=148&type=chunk) - The company has the ability to continue as a going concern for at least **12 months** from the end of the reporting period[150](index=150&type=chunk) [Significant Accounting Policies and Estimates](index=59&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) This section details the company's specific accounting policies and estimation methods for financial instruments, notes receivable, accounts receivable, inventories, long-term equity investments, fixed assets, intangible assets, revenue recognition, and government grants - Financial assets are classified as measured at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss[171](index=171&type=chunk) - Accounts receivable and contract assets adopt a simplified model for expected credit losses, consistently measuring loss provisions at the amount of expected credit losses throughout their entire lifetime[184](index=184&type=chunk)[198](index=198&type=chunk) - Revenue recognition principle: Revenue is recognized when the customer obtains control of the related goods, classified as "satisfied over time" or "satisfied at a point in time" based on the nature of the performance obligation[237](index=237&type=chunk) - Fixed assets are depreciated using the straight-line method, and intangible assets are amortized using the straight-line method[210](index=210&type=chunk)[218](index=218&type=chunk) [Taxation](index=95&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) Discloses the company's main tax categories and rates, including value-added tax, urban maintenance and construction tax, and corporate income tax, and lists high-tech enterprise subsidiaries enjoying a 15% preferential tax rate - Main tax categories include Value-Added Tax (**1%-22%**), Urban Maintenance and Construction Tax (**5%, 7%**), and Corporate Income Tax (**12.5%-33%**)[258](index=258&type=chunk) - Several subsidiaries are recognized as high-tech enterprises, enjoying a **15%** preferential corporate income tax rate, such as Fujian Keda New Energy Technology Co., Ltd. and Foshan HLT Ceramic Machinery Co., Ltd[262](index=262&type=chunk)[263](index=263&type=chunk)[264](index=264&type=chunk) [Notes to Consolidated Financial Statement Items](index=100&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 notes on various asset, liability, owners' equity, income, and expense items in the consolidated financial statements, explaining the reasons for changes in period-end balances compared to period-beginning balances, and offering detailed classifications and accrual information - Cash and bank balances at period-end were **CNY 3.392 billion**, including time deposits of **CNY 729.93 million** and bank acceptance bill deposits of **CNY 185.45 million**[265](index=265&type=chunk) - Financial assets held for trading at period-end were **CNY 449.40 million**, a decrease of **37.29%** from the previous year-end, mainly due to redemption of wealth management products[267](index=267&type=chunk) - Accounts receivable at period-end were **CNY 2.908 billion**, with bad debt provisions of **CNY 269.00 million**[282](index=282&type=chunk) - Contract assets at period-end were **CNY 369.00 million**, an increase of **152.49%** from the previous year-end, mainly due to significant growth in sales by subsidiary Anhui Keda Clean Energy[303](index=303&type=chunk) - Long-term equity investments had a book value of **CNY 3.484 billion** at period-end, with investment gains recognized under the equity method totaling **CNY 231.96 million** for the current period[357](index=357&type=chunk) - Fixed assets had a book value of **CNY 6.810 billion** at period-end, increasing by **CNY 936.83 million** during the period, of which **CNY 386.47 million** was transferred from construction in progress[366](index=366&type=chunk) - Construction in progress had a book value of **CNY 1.158 billion** at period-end, with major projects including Côte d'Ivoire ceramic factory Phase I, Fujian Keda New Energy Phase II, and Kenya ceramic factory second branch renovation[374](index=374&type=chunk) - Goodwill had an original book value of **CNY 1.301 billion** at period-end; impairment loss of **CNY 14.41 million** was recognized for F.D.S Ettmar goodwill in the current period[389](index=389&type=chunk)[391](index=391&type=chunk) - Short-term borrowings at period-end were **CNY 1.586 billion**, an increase of **55.84%** from the previous year-end, mainly due to new bank borrowings[410](index=410&type=chunk) - Operating revenue for the current period was **CNY 8.188 billion**, operating cost was **CNY 5.786 billion**, of which overseas building materials revenue was **CNY 3.771 billion**[466](index=466&type=chunk) - Financial expenses for the current period were **CNY 241.73 million**, an increase of **65.69%** from the same period last year, mainly due to increased exchange losses[480](index=480&type=chunk) - Investment income for the current period was **CNY 240.64 million**, of which investment income from long-term equity investments accounted for by the equity method was **CNY 231.96 million**[484](index=484&type=chunk) - Credit impairment losses for the current period were **-CNY 53.85 million**, and asset impairment losses were **-CNY 61.68 million**[491](index=491&type=chunk)[493](index=493&type=chunk) - Income tax expense for the current period was **CNY 192.55 million**, an increase of **165.12%** from the same period last year[503](index=503&type=chunk) [Changes in Consolidation Scope](index=166&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) During the reporting period, the company disposed of Maanshan Kean Photovoltaic Power Generation Co., Ltd., added four new subsidiaries including Keda Industrial Brazil Ltda, and deregistered Foshan Keda Ecological Stone Engineering Technology Co., Ltd - Disposed of subsidiary Maanshan Kean Photovoltaic Power Generation Co., Ltd. during the current period, losing control[542](index=542&type=chunk)[543](index=543&type=chunk) - Added Keda Industrial Brazil Ltda, Kami Turkey Mürekkep Sanayi Ve Ticaret Anonim Şirketi, Foshan Kehua Baishi New Energy Technology Co., Ltd., and Xiamen Xindihui New Energy Technology Co., Ltd[543](index=543&type=chunk) - Deregistered Foshan Keda Ecological Stone Engineering Technology Co., Ltd[543](index=543&type=chunk) [Interests in Other Entities](index=168&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) Details the company's interests in subsidiaries, joint ventures, and associates, including shareholding ratios, business nature, and key financial information; during the reporting period, the company's shareholding in Guangdong Keda Hydraulic increased, while its shareholding in Guangdong Tefu International decreased - The company owns numerous subsidiaries, covering manufacturing, business services, import and export trade, etc., with most shareholding ratios at **100%** or controlling stakes[545](index=545&type=chunk)[546](index=546&type=chunk)[547](index=547&type=chunk)[548](index=548&type=chunk)[549](index=549&type=chunk)[550](index=550&type=chunk)[551](index=551&type=chunk)[591](index=591&type=chunk)[592](index=592&type=chunk)[593](index=593&type=chunk)[594](index=594&type=chunk)[595](index=595&type=chunk)[596](index=596&type=chunk)[597](index=597&type=chunk)[598](index=598&type=chunk)[599](index=599&type=chunk)[600](index=600&type=chunk)[601](index=601&type=chunk)[602](index=602&type=chunk)[603](index=603&type=chunk) - Important non-wholly-owned subsidiary Keda (Ghana) Ceramics Company Limited has a minority shareholder stake of **51.55%**, with profit attributable to minority shareholders of **CNY 196.46 million** for the current period[552](index=552&type=chunk) - Important associate Qinghai Salt Lake Lanke Lithium Co., Ltd., in which the company indirectly holds **43.58%** equity and **48.58%** voting rights, reported a net profit of **CNY 385.17 million** for the current period[558](index=558&type=chunk)[562](index=562&type=chunk) - The company, through its subsidiary, indirectly acquired **0.52%** equity in Guangdong Keda Hydraulic, increasing its shareholding from **54.91%** to **55.43%**[555](index=555&type=chunk) - Subsidiary Guangdong Tefu International implemented an equity incentive plan, reducing the company's shareholding from **51.00%** to **48.45%**[555](index=555&type=chunk) [Government Grants](index=178&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) Government grants recognized at the end of the reporting period based on receivable amounts totaled CNY 37.73 million; government grants recognized in current profit or loss for the period totaled CNY 34.58 million, comprising CNY 30.00 million related to income and CNY 4.58 million related to assets - Government grants recognized at period-end based on receivable amounts totaled **CNY 37.73 million**[566](index=566&type=chunk) - Government grants recognized in current profit or loss for the current period totaled **CNY 34.58 million**, of which **CNY 30.00 million** was related to income and **CNY 4.58 million** was related to assets[569](index=569&type=chunk) [Risks Related to Financial Instruments](index=179&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces market risks (interest rate risk, foreign exchange risk), credit risk, and liquidity risk; it manages these risks through measures such as forward foreign exchange transactions, controlling foreign currency asset and liability scales, setting credit limits, and monitoring cash flows - Market risks: Interest rate risk (fair value change risk, cash flow change risk), foreign exchange risk (risk of losses from exchange rate fluctuations)[570](index=570&type=chunk) - Credit risk: Primarily arises from counterparties failing to fulfill their obligations, leading to losses on financial assets[571](index=571&type=chunk) - Liquidity risk: Managed by timely monitoring cash and cash equivalents and continuously monitoring funding requirements[572](index=572&type=chunk) - The company minimizes foreign exchange risk by conducting forward foreign exchange transactions and controlling the scale of foreign currency assets and liabilities[570](index=570&type=chunk) - The company conducts hedging activities to offset exchange rate fluctuation risks from expected receipts and payments under import/export contracts and held foreign currency funds[575](index=575&type=chunk) [Disclosure of Fair Value](index=182&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) Discloses the period-end fair values of assets and liabilities measured at fair value, including financial assets held for trading, other equity instrument investments, and notes receivable financing, and explains the determination basis and valuation techniques for each level of fair value measurement Period-end Fair Value of Assets and Liabilities Measured at Fair Value (CNY 10,000) | Item | Level 1 Fair Value Measurement | Level 2 Fair Value Measurement | Level 3 Fair Value Measurement | Total | | :--- | :--- | :--- | :--- | :--- | | **I. Recurring Fair Value Measurements** | | | | | | (1) Financial assets held for trading | - | 44,939.83 | 2,252.37 | 47,192.20 | | (3) Other equity instrument investments | - | - | 388.90 | 388.90 | | (6) Notes receivable financing | - | 16,909.49 | - | 16,909.49 | | **Total Assets Measured at Recurring Fair Value** | - | **44,939.83** | **19,550.76** | **64,490.59** | | **II. Non-recurring Fair Value Measurements** | | | | | | (1) Assets held for sale | - | - | 348.18 | 348.18 | | **Total Assets Measured at Non-recurring Fair Value** | - | - | **348.18** | **348.18** | - Fair value of futures contract hedging instruments uses Level 1 inputs, referencing settlement prices of the Shanghai Futures Exchange[584](index=584&type=chunk) - Fair value of forward foreign exchange contract hedging instruments, bank wealth management products, and asset management plan funds uses Level 2 inputs[585](index=585&type=chunk) - Fair value of other equity instrument investments and other non-current financial assets uses Level 3 inputs, referencing the investee's period-end net assets[586](index=586&type=chunk) [Related Parties and Related Party Transactions](index=185&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) Discloses the company's major related parties, including Sunda Group, Guangdong Hongyu Group, and Guangdong Lesso Technology Industrial, and details related party transactions during the reporting period for purchases, sales, services, leases, guarantees, and outstanding receivables/payables - Major related parties include Sunda Group Co., Ltd., Guangdong Hongyu Group Co., Ltd., and Guangdong Lesso Technology Industrial Co., Ltd[606](index=606&type=chunk) - Sales of building materials products and raw materials to Sunda Group Co., Ltd. amounted to **CNY 354.86 million**[609](index=609&type=chunk) - Procurement of inks and glazes from Shandong Guoci Kanglitai New Materials Technology Co., Ltd. sub-group amounted to **CNY 96.25 million**[608](index=608&type=chunk) - The company, as guarantor, provided guarantees to subsidiaries totaling **CNY 4.603 billion**[102](index=102&type=chunk) - Receivables from related parties include accounts receivable from Sunda Group Co., Ltd. of **CNY 38.43 million**; payables to related parties include accounts payable to Shandong Guoci Kanglitai New Materials Technology Co., Ltd. sub-group of **CNY 34.70 million**[618](index=618&type=chunk)[620](index=620&type=chunk) [Share-based Paymen

科达制造股份有限公司 重大信息内部报告制度 第一章 总则 第一条 为规范科达制造股份有限公司（以下简称"公司""科达制造"） 的重大信息内部报告工作，保证公司内部重大信息的快速传递、归集和有效管理， 确保及时、准确、全面、完整地履行信息披露义务，维护公司投资者的合法权益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所股 票上市规则》等法律、法规、规范性文件及《科达制造股份有限公司章程》（以 下简称"《公司章程》"）《科达制造股份有限公司信息披露管理制度》的要求， 结合本公司的实际情况，制定本制度。 第四条 本制度所述报告义务人包括： （一）公司董事、高级管理人员； 第五条 重大信息报告义务人应当及时、持续地履行重大信息报告义务，并 保证提供的相关文件资料真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏。公司子公司可依据本制度结合实际情况制定相应的内部管理办法。 第二章 一般规定 1 / 13 （二）公司总部各部门、公司各业务板块及子公司第一负责人； （三）公司所属全资及控股子公司董事、监事、高级管理人员； （四）公司委派至参股公司的董事、监事、高级管理人员； （五）以上（一）至 ...

科达制造股份有限公司 委托理财管理制度 第一章 总则 第一条 为规范科达制造股份有限公司（以下简称"公司"）委托理财业务 的管理，有效控制风险，提高投资收益，维护公司及股东利益，依据《中华人民 共和国公司法》《中华人民共和国证券法》《上海证券交易所股票上市规则》《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》《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》等法律法规、规范性文件及《科 达制造股份有限公司章程》（以下简称"《公司章程》"）等有关规定，结合公 司的实际情况，特制定本制度。 第二条 本制度所称委托理财是指在国家有关政策、法律、法规及上海证券 交易所相关业务规则允许的情况下，公司在控制投资风险的前提下，以提高资金 使用效率、增加现金资产收益为原则，将闲置资金委托商业银行、证券公司等金 融机构进行中低风险投资理财，在确保委托理财资金安全性、流动性的基础上实 现资金保值增值的行为。 第四条 公司进行委托理财时，应当严格按照本制度规定的审批权限及执行 程序、日常管理及报告程序、风险控制和信息披露履行，并根据公司的风险承受 能力确定投资规模。 第五条 本制度适用于公司及全资子 ...