[Company Profile and Key Financial Indicators](index=4&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information and highlights its key financial performance metrics [Company Information Overview](index=4&type=section&id=Company%20Information%20Overview) Ningbo Fubang Jingye Group Co, Ltd is a publicly traded company on the Shanghai Stock Exchange with stock code 600768 Company Basic Information | Item | Content | | :--- | :--- | | **Company Name (English)** | Ningbo Fubang Jingye Group Co, Ltd | | **Short Name** | Ningbo Fubang | | **Stock Code** | 600768 | | **Listing Exchange** | Shanghai Stock Exchange | | **Legal Representative** | Song Lingjie | [Key Accounting Data and Financial Indicators](index=5&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved significant performance growth, driven by the acquisition and consolidation of DianGong Alloy Key Accounting Data (Unit: CNY) | Key Accounting Data | Current Period (Jan-Jun) | Prior Year Period (Restated) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 536,473,952.05 | 469,680,327.89 | 14.22% | | **Net Profit Attributable to Shareholders** | 9,679,737.30 | 3,290,766.68 | 194.15% | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items)** | 7,777,508.49 | -1,497,559.50 | N/A | | **Net Cash Flow from Operating Activities** | -22,907,204.18 | -40,114,624.63 | N/A | | **Total Assets** | 1,029,539,623.85 | 1,067,262,943.43 | -3.53% | Key Financial Indicators | Key Financial Indicators | Current Period (Jan-Jun) | Prior Year Period (Restated) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Basic Earnings Per Share (CNY/Share)** | 0.07 | 0.02 | 250.00% | | **Weighted Average Return on Equity (%)** | 2.53% | 0.74% | Increased by 1.79 percentage points | - The company consolidated DianGong Alloy from December 31, 2024, and retrospectively adjusted comparative financial statements due to a business combination under common control, which is crucial for understanding the year-over-year changes[22](index=22&type=chunk) - Non-recurring gains and losses for the period totaled **CNY 1.9022 million**, primarily from government grants (CNY 2.8406 million) and fair value changes in financial assets (CNY 0.5937 million)[23](index=23&type=chunk)[24](index=24&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=Management%20Discussion%20and%20Analysis) This section details the company's business operations, competitive strengths, financial performance, and potential risks [Industry and Main Business Operations](index=7&type=section&id=Industry%20and%20Main%20Business%20Operations) The company's main business involves non-ferrous metal material processing and sales, focusing on electrical contact products and aluminum profiles - The company's business is divided into two main segments: - **Electrical Contact Product Processing**: Conducted through its subsidiary DianGong Alloy, serving sectors like home appliances, industrial control, new energy vehicles, photovoltaics, and 5G, representing a key new business focus - **Aluminum Profile Processing and Trading**: The traditional business, including aluminum profile production and aluminum ingot trading[26](index=26&type=chunk)[34](index=34&type=chunk) - The market for electrical contact products expanded to **CNY 20.34 billion** in 2024, with a compound annual growth rate of **10.06%** from 2016 to 2024, driven by the recovery in the downstream low-voltage electrical appliance market[27](index=27&type=chunk)[29](index=29&type=chunk) - The company uses a "raw material price + processing fee" pricing model, with rising silver prices in H1 2025 positively impacting inventory value for the electrical contact business[30](index=30&type=chunk)[35](index=35&type=chunk) [Business Operation Discussion and Analysis](index=10&type=section&id=Business%20Operation%20Discussion%20and%20Analysis) In H1 2025, the newly acquired DianGong Alloy business drove performance, offsetting the decline in the traditional aluminum segment - The newly acquired DianGong Alloy business became the primary growth engine, with its H1 2025 revenue reaching **CNY 366 million** (a **29.18%** increase YoY) and net profit hitting **CNY 29.6315 million** (an **89.52%** increase YoY)[36](index=36&type=chunk) - The traditional aluminum profile and trading business experienced a decline in sales and profitability due to weak downstream demand[37](index=37&type=chunk) - The company is undergoing a strategic transformation, including: - **Divesting inefficient assets**: Selling aluminum profile business assets for **CNY 26.4579 million** - **Integrating internal resources**: Merging with its wholly-owned trading subsidiary to streamline structure and reduce costs[38](index=38&type=chunk)[39](index=39&type=chunk) [Core Competitiveness Analysis](index=11&type=section&id=Core%20Competitiveness%20Analysis) The company's core competitiveness lies in the technology, products, customer base, and talent of its electrical contact materials business - **Technological Advantage**: Subsidiary DianGong Alloy is a national-level "Specialized, Refined, Unique, and New" Little Giant enterprise with **35 authorized patents** (12 inventions) and has led or participated in drafting 8 national and industry standards[40](index=40&type=chunk) - **Customer Resource Advantage**: Established strong cooperative relationships with major domestic and international low-voltage appliance manufacturers such as Hongfa, Bull Group, Omron, and TE Connectivity[40](index=40&type=chunk)[41](index=41&type=chunk) [Analysis of Main Business Operations](index=12&type=section&id=Analysis%20of%20Main%20Business%20Operations) The company's financial performance was stable, with notable changes in asset and liability structure due to acquisition payments and investment activities [Analysis of Changes in Financial Statement Items](index=12&type=section&id=Analysis%20of%20Changes%20in%20Financial%20Statement%20Items) Operating revenue and costs grew steadily, while administrative and financing expenses increased significantly Key Changes in Financial Statements | Item | Current Period (CNY) | Prior Year Period (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 536,473,952.05 | 469,680,327.89 | 14.22 | | **Operating Costs** | 477,785,759.88 | 430,397,739.57 | 11.01 | | **Administrative Expenses** | 13,494,091.12 | 10,077,591.24 | 33.90 | | **Financial Expenses** | 3,485,132.43 | 2,497,074.94 | 39.57 | | **R&D Expenses** | 13,155,074.50 | 10,347,085.27 | 27.14 | | **Net Cash Flow from Financing Activities** | -9,834,225.38 | 43,793,274.52 | -122.46 | [Analysis of Assets and Liabilities](index=12&type=section&id=Analysis%20of%20Assets%20and%20Liabilities) Total assets slightly decreased, with significant shifts in cash, financial assets, and payables due to acquisition payments and wealth management activities Key Changes in Balance Sheet Items | Item | Closing Balance (CNY) | Change from Prior Year-End (%) | Main Reason | | :--- | :--- | :--- | :--- | | **Cash and Cash Equivalents** | 123,680,591.66 | -44.88% | Primarily due to payment for the DianGong Alloy equity acquisition | | **Trading Financial Assets** | 35,543,700.89 | 985.44% | Primarily due to an increase in bank wealth management products | | **Receivables Financing** | 25,685,103.06 | 112.20% | Primarily due to an increased scale of settlement via bank acceptance bills | | **Other Payables** | 7,766,014.53 | -88.64% | Primarily due to payments for the DianGong Alloy equity acquisition and dividends | | **Long-term Borrowings** | 47,110,000.00 | 100.00% | Primarily due to an increase in bank loans during the period | - As of the period end, the company's restricted assets totaled **CNY 73.20 million**, mainly comprising bank acceptance bill deposits and pledged time deposits; previously frozen bank accounts and equity were released during the period[46](index=46&type=chunk) [Investment Status Analysis](index=14&type=section&id=Investment%20Status%20Analysis) The company's financial assets measured at fair value increased, driven by investments in bank wealth management products Financial Assets Measured at Fair Value (Unit: CNY) | Asset Class | Opening Balance | Purchases This Period | Closing Balance | | :--- | :--- | :--- | :--- | | **Bank Wealth Management** | 3,274,594.76 | 32,000,000.00 | 35,445,398.39 | | **Futures** | 0.00 | 1,684,321.50 | 98,302.50 | | **Receivables Financing** | 12,104,273.60 | - | 25,685,103.06 | | **Other Non-current Financial Assets** | 308,000,000.00 | - | 308,000,000.00 | - Subsidiary DianGong Alloy engaged in speculative futures trading, purchasing contracts worth CNY 1.6843 million, selling contracts worth CNY 1.9653 million, and realizing a gain of **CNY 0.3792 million** during the period[53](index=53&type=chunk) [Major Asset and Equity Sales](index=17&type=section&id=Major%20Asset%20and%20Equity%20Sales) The company is proceeding with a major asset sale to divest its aluminum profile business to a related party as part of its strategic transformation - The company plans to sell assets and liabilities related to its aluminum profile business, along with 100% equity in the aluminum profile subsidiary, to the related party Ningbo Fubang Aluminum Co, Ltd for **CNY 26.4579 million**[55](index=55&type=chunk) - This sale is part of the company's strategic transformation to divest the less profitable aluminum processing business and is currently in progress as of the report date[55](index=55&type=chunk)[59](index=59&type=chunk) [Analysis of Major Holding and Participating Companies](index=17&type=section&id=Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) The primary profit contributor was the subsidiary Ningbo DianGong Alloy Materials Co, Ltd, which generated a net profit of CNY 29.63 million Operating Performance of Major Subsidiaries (Unit: CNY) | Company Name | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | | **Ningbo DianGong Alloy Materials Co, Ltd** | 366,005,657.60 | 33,005,758.10 | 29,631,477.90 | | **Ningbo Fubang Jingye Trading Co, Ltd** | 162,823,165.68 | 1,061,515.05 | 859,829.29 | | **Ningbo Fubang Jingye Aluminum Profile Co, Ltd** | 8,713,049.05 | 1,468,905.29 | 1,465,135.98 | [Potential Risks](index=19&type=section&id=Potential%20Risks) The company faces risks from industry cyclicality, raw material price volatility, and increasingly stringent environmental policies - **Industry Risk**: The non-ferrous metal processing industry is highly cyclical and sensitive to macroeconomic conditions; weak market demand could lead to a reduction in orders[60](index=60&type=chunk) - **Raw Material Price Fluctuation Risk**: Prices of key raw materials like silver and copper are volatile, directly impacting the company's production costs and operating profit[61](index=61&type=chunk) - **Environmental Policy Risk**: Stricter national environmental policies, including carbon peak and neutrality goals, may increase the company's costs for energy conservation, emission reduction, and equipment upgrades[61](index=61&type=chunk) [Corporate Governance, Environment, and Society](index=20&type=section&id=Corporate%20Governance,%20Environment,%20and%20Society) This section covers changes in governance personnel and the company's profit distribution plan for the period [Changes in Directors, Executives, and Profit Distribution](index=20&type=section&id=Changes%20in%20Directors,%20Executives,%20and%20Profit%20Distribution) The Board of Directors underwent changes during the reporting period, and no interim profit distribution is planned - During and after the reporting period, the Board of Directors experienced changes: - Wang Haitao was elected as a director - Tang Fengshou was elected as an independent director - Independent director Hua Xiuping resigned[64](index=64&type=chunk) - The company's proposed semi-annual profit distribution plan is **no dividend distribution and no capitalization of capital reserves**[65](index=65&type=chunk) [Significant Matters](index=22&type=section&id=Significant%20Matters) This section outlines the status of commitments, major legal proceedings, related-party transactions, and significant contracts [Fulfillment of Commitments](index=22&type=section&id=Fulfillment%20of%20Commitments) All parties related to the major asset restructuring have strictly fulfilled their commitments during the reporting period - The company, its controlling shareholder, actual controller, directors, supervisors, and senior management have all strictly adhered to their commitments made during the major asset restructuring, including those related to information disclosure, non-competition, and regulation of related-party transactions[68](index=68&type=chunk)[72](index=72&type=chunk) [Major Litigation and Arbitration](index=29&type=section&id=Major%20Litigation%20and%20Arbitration) The company received favorable final judgments in two major litigation cases during the reporting period - The "shareholder liability dispute" case brought by Runmu Company against the company has concluded with a final judgment in the company's favor, with the court dismissing all of Runmu's claims[76](index=76&type=chunk) - The company won its first-instance lawsuit against Ningbo Zhonghua Paper Co, Ltd regarding the infringement of shareholder information rights[79](index=79&type=chunk) [Material Related-Party Transactions](index=30&type=section&id=Material%20Related-Party%20Transactions) Major related-party transactions involved routine operations and a significant asset sale aimed at strategic restructuring - Routine related-party transactions include: - **Property Leasing**: Leasing production and office space from Fubang Aluminum and Xinle Holding Group - **Product Sales**: Selling composite contacts and other products to Ningbo Timer Co, Ltd, with an expected transaction value not exceeding CNY 5 million in 2025[80](index=80&type=chunk) - A major asset sale to a related party involves transferring the aluminum profile business assets to Fubang Aluminum for **CNY 26.4579 million**, which is currently in progress[81](index=81&type=chunk) [Major Contracts and Their Performance](index=32&type=section&id=Major%20Contracts%20and%20Their%20Performance) The company has no major custody, contracting, or leasing arrangements, with guarantees limited to a subsidiary Company Guarantee Summary (Unit: CNY 10,000) | Item | Amount | | :--- | :--- | | **Total Guarantee Balance for Subsidiaries at Period-End (B)** | 3,000.00 | | **Total Guarantee Amount (A+B)** | 3,000.00 | | **Total Guarantee Amount as a Percentage of Net Assets (%)** | 6.34% | | **Guarantees for Parties with Debt-to-Asset Ratio over 70% (D)** | 3,000.00 | [Share Capital Changes and Shareholder Information](index=34&type=section&id=Share%20Capital%20Changes%20and%20Shareholder%20Information) This section provides details on the company's share structure and key shareholders as of the reporting date [Share Capital Changes and Shareholder Information](index=34&type=section&id=Share%20Capital%20Changes%20and%20Shareholder%20Information) The company's total share capital and structure remained unchanged, with 12,368 shareholders at the end of the period - The company's total number of shares and share capital structure did not change during the reporting period[87](index=87&type=chunk) - As of the end of the reporting period, the total number of shareholders was **12,368**[88](index=88&type=chunk) Top Three Shareholders | Shareholder Name | Shares Held at Period-End | Percentage (%) | | :--- | :--- | :--- | | Ningbo Fubang Holding Group Co, Ltd | 49,820,082 | 37.25 | | Mi Kerong | 2,990,000 | 2.24 | | Ge Qiquan | 1,319,200 | 0.99 | [Financial Report](index=38&type=section&id=Financial%20Report) This section presents the unaudited financial statements and key notes for the first half of 2025 [Financial Statements](index=38&type=section&id=Financial%20Statements) The unaudited financial statements show total assets of CNY 1.03 billion and net profit attributable to parent of CNY 9.68 million for H1 2025 Key Consolidated Balance Sheet Data (2025-06-30) | Item | Amount (CNY) | | :--- | :--- | | **Total Assets** | 1,029,539,623.85 | | **Total Liabilities** | 563,348,599.14 | | **Equity Attributable to Parent Company Owners** | 380,785,226.64 | Key Consolidated Income Statement Data (Jan-Jun 2025) | Item | Amount (CNY) | | :--- | :--- | | **Total Operating Revenue** | 536,473,952.05 | | **Total Profit** | 27,655,454.92 | | **Net Profit** | 24,080,994.90 | | **Net Profit Attributable to Parent Company Shareholders** | 9,679,737.30 | Key Consolidated Cash Flow Statement Data (Jan-Jun 2025) | Item | Amount (CNY) | | :--- | :--- | | **Net Cash Flow from Operating Activities** | -22,907,204.18 | | **Net Cash Flow from Investing Activities** | -32,470,682.40 | | **Net Cash Flow from Financing Activities** | -9,834,225.38 | | **Net Increase in Cash and Cash Equivalents** | -65,212,111.87 | [Notes to the Financial Statements](index=53&type=section&id=Notes%20to%20the%20Financial%20Statements) The notes provide detailed explanations of accounting policies and breakdowns of key items in the consolidated financial statements [Significant Accounting Policies and Estimates](index=53&type=section&id=Significant%20Accounting%20Policies%20and%20Estimates) The company prepares its financial statements based on the going concern assumption and follows China's Accounting Standards for Business Enterprises - The company applies an expected credit loss model for the impairment of financial assets, classifying them into three stages based on credit risk and calculating provisions for specific portfolios like notes and accounts receivable[148](index=148&type=chunk)[149](index=149&type=chunk)[150](index=150&type=chunk) - Revenue is recognized when the customer obtains control of the related goods or services, in accordance with the new revenue recognition standards[211](index=211&type=chunk)[212](index=212&type=chunk) [Notes to Items in the Consolidated Financial Statements](index=80&type=section&id=Notes%20to%20Items%20in%20the%20Consolidated%20Financial%20Statements) This section details the composition of key balance sheet items, including cash, receivables, inventory, and borrowings - At period-end, cash and cash equivalents totaled **CNY 124 million**, of which **CNY 73.20 million** was restricted, primarily for bank acceptance bill deposits and pledged time deposits[232](index=232&type=chunk)[233](index=233&type=chunk) - The closing balance of accounts receivable was **CNY 213 million**, with a bad debt provision of CNY 17.32 million; the top five customers accounted for **56.21%** of the total balance[246](index=246&type=chunk)[252](index=252&type=chunk) - The carrying value of inventory at period-end was **CNY 177 million**, with raw materials (approx CNY 88.73 million) and finished goods (approx CNY 77.65 million) being the largest components[272](index=272&type=chunk) [Related Parties and Related-Party Transactions](index=136&type=section&id=Related%20Parties%20and%20Related-Party%20Transactions) The company's parent is Ningbo Fubang Holding Group, and it engaged in various transactions with related parties, including a major asset sale - The company's parent is Ningbo Fubang Holding Group Co, Ltd, holding a **37.25%** stake, and the actual controllers are the management team led by Song Hanping[426](index=426&type=chunk) - A major related-party transaction is the proposed sale of the aluminum profile business to Ningbo Fubang Aluminum Co, Ltd for **CNY 26.4579 million**, which is currently in progress[438](index=438&type=chunk) - **Related-party guarantee**: The related party Ningbo Hengrun Group Co, Ltd provides a joint and several liability guarantee for the company up to a maximum amount of **CNY 50 million**[436](index=436&type=chunk)

杭州市上城区新业路 8 号华联时代大厦 B 幢 22 层 电话：0571-88362156 传真：0571-88362156 邮编：310016 北京国枫（杭州）律师事务所 关于宁波富邦精业集团股份有限公司 2025 年第二次临时股东会的 法律意见书 国枫律股字[2025]G0016 号 1 2．本所律师无法对网络投票过程进行见证，参与本次会议网络投票的股东资格、 网络投票结果均由上海证券交易所股东会网络投票系统予以认证； 3．本所及经办律师依据《证券法》《证券法律业务管理办法》《证券法律业务执 业规则》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格履行了法 定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见 所认定的事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、 误导性陈述或者重大遗漏，并承担相应法律责任； 4．本法律意见书仅供贵公司本次会议之目的使用，不得用作任何其他用途。本所 律师同意将本法律意见书随贵公司本次会议决议一起予以公告。 本所律师根据《公司法》《证券法》《股东会规则》《证券法律业务管理办法》《证 券法律业务执业规则》等相关法律、行政法 ...

Group 1 - The core viewpoint of the announcement is that Ningbo Fubon reported significant growth in both revenue and net profit for the first half of 2025, indicating strong financial performance [1] - The company's operating revenue reached 536 million yuan, representing a year-on-year increase of 14.22% [1] - The net profit for the same period was 9.68 million yuan, showing a remarkable year-on-year growth of 194.15% [1] - Basic earnings per share increased to 0.07 yuan per share, reflecting a substantial year-on-year growth of 250.00% [1]

宁波富邦精业集团股份有限公司 2025 年第二次临时股东会 浙江宁波 2025 年 8 月 11 日 宁波富邦 2025 年第二次临时股东会会议资料 宁波富邦精业集团股份有限公司 2025 年第二次临时股东会 会议安排 一、会议地点：宁波市鄞州区宁东路 188 号富邦中心 D 座 22 楼会议室 二、会议召开的时间：现场会议时间 2025 年 8 月 11 日 14:30 网络投票时间：自 2025 年 8 月 11 日至 2025 年 8 月 11 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会召开当日的交易 时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台的投票 时间为股东会召开当日的 9:15-15:00。 会 议 资 料 三、会议召集人：宁波富邦精业集团股份有限公司董事会 四、会议联系人：魏会兵、岳峰 联系电话：0574-87410501 会议议程 一、主持人宣布股东会开始。 二、向全体股东作会前报告（介绍出席股东、股东代理人、见证律师及会议议案 等情况、报告会议现场投票实到股份数等）。 四、由各位股东及股东代理人发言及提问 ...

证券代码：600768 证券简称：宁波富邦 公告编号：2025-046 宁波富邦精业集团股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.05元 1. 发放年度：2024年年度 2. 分派对象： 三、 相关日期 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/8/8 | － | 2025/8/11 | 2025/8/11 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经宁波富邦精业集团股份有限公司（以下简称"公司"）2025 年 6 月 27 日的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分 ...

Core Viewpoint - The non-ferrous metal sector has emerged as a standout performer in the A-share market for the first half of 2025, with a significant cumulative increase of 18.12% in stock prices, reflecting strong market sentiment and positive earnings forecasts from many companies in the sector [1][2]. Group 1: Performance Highlights - As of July 14, 2025, 61 non-ferrous metal companies have released their mid-year earnings forecasts, with 42 companies expecting positive performance, significantly above the overall A-share market level [1][4]. - Northern Rare Earth is leading the sector with an expected net profit increase of 1882.54% to 2014.71%, projecting a net profit of 900 million to 960 million RMB for the first half of 2025 [4]. - Zijin Mining anticipates a net profit of approximately 23.2 billion RMB for the first half of 2025, representing a year-on-year increase of about 54% [2]. Group 2: Company-Specific Developments - Ningbo Fubang expects to achieve a net profit of 800,000 to 1.2 million RMB, marking a turnaround from losses in the previous year, driven by the acquisition of Electric Alloy and rising silver prices [3]. - 27 companies in the non-ferrous metal sector are forecasting a net profit increase of over 100%, with significant contributions from companies like Suotong Development and Guocheng Mining, which expect net profit increases of 1335.37% to 1622.45% and 1046.75% to 1174.69%, respectively [4][5]. Group 3: Market Trends and Future Outlook - The non-ferrous metal sector is experiencing a robust demand driven by rising prices of gold and copper, with gold prices increasing nearly 30% this year, leading to substantial profit growth for gold mining companies [7]. - The industry is entering a potentially sustained boom period of 3 to 5 years, supported by both short-term recovery in demand post-pandemic and long-term structural changes due to the energy transition [7]. - Institutional interest in the sector is rising, with companies like Northern Rare Earth being closely monitored by 44 institutions, focusing on product structure optimization and enhancing high-value product offerings [8].

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, highlighting changes in control, major asset acquisitions, and performance forecasts for the first half of 2025. Group 1: Control Changes and Stock Suspension - Yangdian Technology is planning a change in control, leading to a stock suspension starting July 14, 2025, for up to 2 trading days [3] - Yuanli Co. is also planning to acquire control of Fujian Tongsheng New Materials Technology, resulting in a stock suspension starting July 14, 2025, for up to 10 trading days [5] - Kanghua Bio is planning a change in control, with stock suspension starting July 14, 2025, for up to 2 trading days [6] - Fuda Alloy is planning to acquire at least 51% of Guangda Electronics, which constitutes a major asset restructuring but will not change the actual controller [7] Group 2: Performance Forecasts - Limin Co. expects a net profit of 260 million to 280 million yuan for H1 2025, a year-on-year increase of 719.25% to 782.27% due to rising sales and prices [9] - Zijin Mining anticipates a net profit of approximately 23.2 billion yuan for H1 2025, a year-on-year increase of about 54% [10] - Chunqiu Electronics forecasts a net profit of 90 million to 110 million yuan for H1 2025, an increase of 236.05% to 310.72% [11] - Jinqilin expects a net profit of around 106 million yuan for H1 2025, a year-on-year increase of 222.36% [12] - Beihua Co. anticipates a net profit of 98 million to 111 million yuan for H1 2025, a year-on-year increase of 182.72% to 220.23% [14] - Guojin Securities expects a net profit of 1.092 billion to 1.137 billion yuan for H1 2025, a year-on-year increase of 140% to 150% [15] - Jiu Yuan Silver Sea forecasts a net profit of 26.49 million to 32.25 million yuan for H1 2025, a year-on-year increase of 130% to 180% [16] - Lankai Technology expects a net profit of 1.1 billion to 1.2 billion yuan for H1 2025, a year-on-year increase of 85.5% to 102.36% [17] - Changcheng Securities anticipates a net profit of 1.335 billion to 1.407 billion yuan for H1 2025, a year-on-year increase of 85% to 95% [18] - Weilan Lithium Core expects a net profit of 300 million to 360 million yuan for H1 2025, a year-on-year increase of 79.29% to 115.15% [19] - Yinlong Co. forecasts a net profit of 161 million to 181 million yuan for H1 2025, a year-on-year increase of 60% to 80% [21] - Aopumai expects a net profit of approximately 37 million yuan for H1 2025, a year-on-year increase of 53.28% [22] - Bailong Dongfang anticipates a net profit of 350 million to 410 million yuan for H1 2025, a year-on-year increase of 50.21% to 75.97% [23] - Shanghai Electric expects a net profit of 1.754 billion to 2.087 billion yuan for H1 2025, a year-on-year increase of 32.18% to 57.27% [24] - Huazhong Securities expects a net profit of 1.035 billion yuan for H1 2025, a year-on-year increase of 44.94% [25] - Bailong Chuangyuan anticipates a net profit of 171 million yuan for H1 2025, a year-on-year increase of 42.68% [26] - Chengyi Pharmaceutical expects a net profit of 107 million to 119 million yuan for H1 2025, a year-on-year increase of 40% to 55% [27] - Jinhai Biological anticipates a net profit of 127 million to 141 million yuan for H1 2025, a year-on-year increase of 40% to 55% [28] - Kanda New Materials expects a net profit of 50 million to 55 million yuan for H1 2025, turning from loss to profit [29] - China Shenhua expects a net profit of 23.6 billion to 25.6 billion yuan for H1 2025, a year-on-year decrease of 8.6% to 15.7% [30] - ST Songfa anticipates a net profit of 580 million to 700 million yuan for H1 2025, turning from loss to profit [31] - Chengxing Co. expects a net profit of 16 million to 23 million yuan for H1 2025, turning from loss to profit [33] - Ningbo Fubon anticipates a net profit of 8 million to 12 million yuan for H1 2025, turning from loss to profit [34] - ST Yundong expects a loss of 100 million to 150 million yuan for H1 2025, worsening from the previous year [35] - Kairuide expects a loss of 15 million to 22 million yuan for H1 2025, turning from profit to loss [36] Group 3: Shareholding Changes - Defu Technology's shareholders plan to reduce their holdings by up to 4.04% [38] - Jinzhen Co.'s shareholders plan to reduce their holdings by up to 3.04% [39] - Shikong Technology's shareholder plans to reduce their holdings by up to 3% [40] - Qilu Bank's shareholder plans to reduce their holdings by up to 1.1% [41] - Zhongci Electronics' shareholder plans to reduce their holdings by up to 1% [42] - Jiamei Packaging's shareholders plan to reduce their holdings by up to 1% [43] - Saike Xide's shareholder plans to reduce their holdings by up to 1% [44] - Gongda High-tech's general manager plans to reduce their holdings by up to 0.3424% [46] - Qingyuan Co.'s shareholder plans to reduce their holdings by up to 273,800 shares [47] Group 4: Major Contracts - Dashijiang expects to win a procurement project worth 122 million yuan [49] - Robotech signed significant daily operational contracts worth approximately 14.18 million USD [50]

Corporate Announcements - Yangdian Technology is planning a change in control, leading to a suspension of its stock from July 14, 2025, for up to 2 trading days [3] - Degute is planning to acquire 100% of Haowei Technology through a combination of share issuance and cash payment, with stock resuming trading on July 14, 2025 [4] - Yuanli Co. is planning to acquire control of Fujian Tongsheng New Materials Technology, resulting in a stock suspension starting July 14, 2025, for up to 10 trading days [5] - Kanghua Bio is also planning a change in control, with stock suspension from July 14, 2025, for up to 2 trading days [6] - Fuda Alloy is planning to acquire at least 51% of Guangda Electronics, which will constitute a major asset restructuring but will not change the actual controller [7] Performance Forecasts - Limin Co. expects a net profit of 260 million to 280 million yuan for the first half of 2025, a year-on-year increase of 719.25% to 782.27% [9] - Zijin Mining anticipates a net profit of approximately 23.2 billion yuan for the first half of 2025, a year-on-year increase of about 54% [10] - Chunqiu Electronics forecasts a net profit of 9 million to 11 million yuan, an increase of 236.05% to 310.72% year-on-year [12] - Jinqilin expects a net profit of approximately 106 million yuan, a year-on-year increase of 222.36% [13] - Beihua Co. anticipates a net profit of 98 million to 111 million yuan, a year-on-year increase of 182.72% to 220.23% [14] - Guojin Securities expects a net profit of 1.092 billion to 1.137 billion yuan, a year-on-year increase of 140% to 150% [15] - Jiuyuan Silver Sea forecasts a net profit of 26.49 million to 32.25 million yuan, a year-on-year increase of 130% to 180% [16] - Lankai Technology expects a net profit of 1.1 billion to 1.2 billion yuan, a year-on-year increase of 85.5% to 102.36% [17] - Changcheng Securities anticipates a net profit of 1.335 billion to 1.407 billion yuan, a year-on-year increase of 85% to 95% [18] - Weilan Lithium Core expects a net profit of 300 million to 360 million yuan, a year-on-year increase of 79.29% to 115.15% [19] - Yinlong Co. forecasts a net profit of 161 million to 181 million yuan, a year-on-year increase of 60% to 80% [20] - Aopumai expects a net profit of approximately 37 million yuan, a year-on-year increase of 53.28% [22] - Bailong Dongfang anticipates a net profit of 350 million to 410 million yuan, a year-on-year increase of 50.21% to 75.97% [23] - Shanghai Electric expects a net profit of 1.754 billion to 2.087 billion yuan, a year-on-year increase of 32.18% to 57.27% [24] - Huazheng Securities reports a net profit of 1.035 billion yuan, a year-on-year increase of 44.94% [25] - Bailong Chuangyuan expects a net profit of 171 million yuan, a year-on-year increase of 42.68% [26] - Chengyi Pharmaceutical anticipates a net profit of 107 million to 119 million yuan, a year-on-year increase of 40% to 55% [27] - Jinhai Biological expects a net profit of 127 million to 141 million yuan, a year-on-year increase of 40% to 55% [28] - Kangda New Materials forecasts a net profit of 50 million to 55 million yuan, turning from loss to profit [29] - China Shenhua expects a net profit of 23.6 billion to 25.6 billion yuan, a year-on-year decrease of 8.6% to 15.7% [30] - ST Songfa anticipates a net profit of 580 million to 700 million yuan, turning from loss to profit [31] - Chengxing Co. expects a net profit of 16 million to 23 million yuan, turning from loss to profit [32] - Bofubang anticipates a net profit of 8 million to 12 million yuan, turning from loss to profit [33] - ST Yundong expects a loss of 100 million to 150 million yuan, an increase in loss compared to the previous year [34] - Kerryde expects a loss of 15 million to 22 million yuan, turning from profit to loss [35] Shareholding Changes - Defu Technology's shareholders plan to reduce their holdings by up to 4.04% [37] - Jinzhen Co.'s shareholders plan to reduce their holdings by up to 3.04% [38] - Shikong Technology's shareholder plans to reduce their holdings by up to 3% [39] - Qilu Bank's shareholder plans to reduce their holdings by up to 1.1% [40] - Zhongci Electronics' shareholder plans to reduce their holdings by up to 1% [41] - Jiamei Packaging's shareholders plan to reduce their holdings by up to 1% [42] - Saike Xide's shareholder plans to reduce their holdings by up to 1% [43] - Gongda High-Tech's general manager plans to reduce their holdings by up to 0.3424% [44] - Qingyuan Co.'s shareholder plans to reduce their holdings by up to 273,800 shares [45] Major Contracts - Dash Intelligent has been pre-awarded a procurement project worth 122 million yuan [46] - Robotech has signed significant daily operational contracts amounting to approximately 1.418 million USD [48]

Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 8 million and 12 million yuan for the first half of 2025, marking a turnaround from a loss in the same period last year [1][2] - The expected net profit after deducting non-recurring gains and losses is projected to be between 6 million and 9 million yuan [1][2] - In the same period last year, the company reported a total profit of -1.1419 million yuan and a net profit attributable to shareholders of the parent company of -1.3616 million yuan [1][2] Group 2 - The primary reason for the expected profit turnaround is the completion of a significant asset acquisition of 55% equity in Ningbo Electric Alloy Materials Co., which has been included in the company's consolidated financial statements since December 31, 2024 [2] - The overall operation of the acquired company has been good, with both revenue and net profit experiencing rapid growth driven by factors such as rising silver prices [2]

Ningbo Fubon Fine Chemical Group Co., Ltd. 2025 Semi-Annual Performance Pre-announcement [Core Summary of Performance Forecast](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) The company anticipates a turnaround to profitability in H1 2025, with net profit attributable to shareholders projected between 8 million and 12 million yuan - The company anticipates achieving a turnaround to profitability in the first half of 2025[2](index=2&type=chunk) 2025 Semi-Annual Performance Forecast | Item | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | 8.00 million yuan to 12.00 million yuan | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | 6.00 million yuan to 9.00 million yuan | [Details of Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) This forecast covers H1 2025, with preliminary estimates projecting net profit attributable to shareholders between 8 million and 12 million yuan, achieving a turnaround - The performance forecast period is from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) - Preliminary estimates project H1 2025 net profit attributable to parent company shareholders between **8 million and 12 million yuan**, and non-recurring net profit between **6 million and 9 million yuan**, both achieving profitability[3](index=3&type=chunk) [Prior Period Performance Review](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) In contrast to the H1 2025 forecast, the company incurred losses in H1 2024, with net profit attributable to shareholders at **-1.3616 million yuan** 2024 Semi-Annual Performance Review | Item | Amount (RMB) | | :--- | :--- | | Total Profit | -1.1419 million yuan | | Net Profit Attributable to Parent Company Shareholders | -1.3616 million yuan | | Net Profit Attributable to Parent Company Shareholders After Non-Recurring Items | -1.4976 million yuan | | Earnings Per Share | -0.01 yuan | [Primary Reasons for Performance Turnaround](index=1&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E7%9B%88%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The turnaround is primarily driven by the 2024 acquisition of 55% equity in Ningbo Electric Alloy Material Co., Ltd., which has since contributed significantly - Performance growth is primarily attributed to the significant asset acquisition of **55% equity** in 'Electric Alloy' completed in 2024, with the company consolidated since December 31, 2024[5](index=5&type=chunk) - During the reporting period, subsidiary Electric Alloy operated well, driven by factors such as rising silver prices, achieving rapid growth in both operating revenue and net profit[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company confirms no significant uncertainties exist that could impact the accuracy of this performance forecast as of the announcement date - The company declares no significant uncertain factors exist that would affect the accuracy of this performance forecast[7](index=7&type=chunk) [Other Explanatory Matters](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) Investors are advised that this forecast is preliminary, and final financial data will be based on the company's official 2025 semi-annual report - The data in this forecast is preliminary, and the final figures will be subject to the company's officially disclosed 2025 semi-annual report[8](index=8&type=chunk)