Group 1 - The company, Lansheng Co., Ltd. (SH 600826), announced on August 20 that its 11th Board of Directors held a meeting via communication to discuss the appointment of a new vice president [2] - For the fiscal year 2024, the company's revenue composition is as follows: 99.35% from exhibitions and 0.65% from other businesses [2]

兰生股份8月20日公告，公司当天召开第十一届董事会第十二次会议，审议通过了《关于聘任公司副总 裁的议案》，聘任李理为公司副总裁，任期自本次董事会审议通过之日起至第十一届董事会届满时止。 ...

Core Viewpoint - Lansheng Co., Ltd. experienced a slight decline in stock price, indicating potential market volatility and investor sentiment concerns [1] Group 1: Stock Performance - As of August 19, 2025, Lansheng's stock price closed at 11.10 yuan, down by 0.03 yuan, reflecting a decrease of 0.27% from the previous trading day [1] - The trading volume on the same day was 173,600 hands, with a total transaction value of 193 million yuan, resulting in a turnover rate of 2.36% [1] Group 2: Business Operations - Lansheng Co., Ltd. operates in the trade industry, with involvement in local economic activities in Shanghai and the import expo sector [1] - A temporary shareholders' meeting is scheduled for August 20, 2025, to discuss the cancellation of the supervisory board and amendments to the company's articles of association [1] Group 3: Capital Flow - On August 19, 2025, there was a net outflow of 17.12 million yuan in principal funds, with a cumulative net outflow of 95.69 million yuan over the past five trading days [1]

Market Overview - As of 13:59, the Shanghai Composite Index is at 3723.60 points, with a decline of 0.12% [1] - The total trading volume of A-shares today is 21,733.08 billion yuan [1] Moving Average Analysis - 26 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Yangzi New Materials: 5-day MA is 1.11% lower than the 10-day MA [1] - Ningbo Fanzheng: 5-day MA is 0.94% lower than the 10-day MA [1] - China Petroleum: 5-day MA is 0.40% lower than the 10-day MA [1] Individual Stock Performance - Yangzi New Materials (002652): Today's change is +0.52%, with a 5-day MA of 3.91 yuan and a 10-day MA of 3.95 yuan, showing a distance of -1.11% [1] - Ningbo Fanzheng (300998): Today's change is -1.59%, with a 5-day MA of 25.04 yuan and a 10-day MA of 25.28 yuan, showing a distance of -0.94% [1] - China Petroleum (601857): Today's change is -0.58%, with a 5-day MA of 8.62 yuan and a 10-day MA of 8.66 yuan, showing a distance of -0.40% [1] Additional Stock Insights - Huabei Pharmaceutical (600812): No change today, with a 5-day MA of 6.67 yuan and a 10-day MA of 6.69 yuan, showing a distance of -0.28% [1] - ST Modern (002656): No change today, with a 5-day MA of 2.27 yuan and a 10-day MA of 2.28 yuan, showing a distance of -0.26% [1] - TBEA (600089): Today's change is -0.81%, with a 5-day MA of 13.52 yuan and a 10-day MA of 13.55 yuan, showing a distance of -0.24% [1]

Market Overview - As of 10:29 AM, the Shanghai Composite Index is at 3731.21 points, with a change of 0.09% [1] - The total trading volume of A-shares today is 12,534.99 billion yuan [1] Technical Analysis - 18 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish signals [1] - The stocks with the largest distance between the 5-day and 10-day moving averages include: - Yangzi New Materials: 5-day MA at 3.91 yuan, 10-day MA at 3.95 yuan, difference of -1.11% [1] - Ningbo Fanzheng: 5-day MA at 25.07 yuan, 10-day MA at 25.29 yuan, difference of -0.88% [1] - China Petroleum: 5-day MA at 8.62 yuan, 10-day MA at 8.66 yuan, difference of -0.38% [1] Individual Stock Performance - Yangzi New Materials (002652): Today's change is +0.52%, with a turnover rate of 2.45% [1] - Ningbo Fanzheng (300998): Today's change is -0.99%, with a turnover rate of 1.46% [1] - China Petroleum (601857): Today's change is -0.35%, with a turnover rate of 0.03% [1] - Other notable stocks include: - Guoju Energy (000096): -0.58% change, 0.68% turnover [1] - ST Modern (002656): No change, 0.43% turnover [1] - Cross-Border Communication (002640): +0.38% change, 3.59% turnover [1]

Market Performance - The primary economic sector increased by 0.97% compared to the previous trading day, with Yaowang Technology leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Individual Stock Performance - Yaowang Technology (002291) closed at 6.70, rising by 3.40% with a trading volume of 597,700 shares and a transaction value of approximately 67.6 million [1] - Shanghai Phoenix (600679) closed at 13.23, up 2.64%, with a trading volume of 148,500 shares and a transaction value of approximately 197 million [1] - Dafeng Industrial (603081) closed at 13.78, increasing by 1.92%, with a trading volume of 364,800 shares and a transaction value of approximately 509 million [1] - Other notable performers include Liansheng Co. (600826) with a 1.55% increase and a transaction value of approximately 274 million [1] Capital Flow Analysis - The primary economic sector experienced a net outflow of 55.36 million from institutional investors, while retail investors saw a net inflow of 30.52 million [2] - The net inflow from speculative funds was 24.84 million, indicating a mixed sentiment among different investor types [2] Detailed Capital Flow for Selected Stocks - Liansheng Co. (600826) had a net inflow of 15 million from institutional investors but a net outflow of 9.83 million from speculative funds [3] - Yaowang Technology (002291) saw a net inflow of 11.03 million from institutional investors, while speculative funds experienced a net outflow of 21.64 million [3] - Liyade (300296) had a net inflow of 7.75 million from institutional investors, with a significant net inflow of 31.19 million from speculative funds [3]

Group 1 - The core viewpoint of the news is that Lansheng Co., Ltd. (600826) has shown a mixed performance in its latest financial results, with significant revenue growth but a notable decline in net profit [1] - As of August 15, 2025, Lansheng's stock closed at 10.96 yuan, up 1.76%, with a trading volume of 196,700 hands and a transaction amount of 214 million yuan [1] - The company's latest quarterly report indicates total revenue of 232 million yuan, a year-on-year increase of 30.98%, while net profit attributable to shareholders decreased by 369.56% to 24.59 million yuan [1] Group 2 - The company has a current liquidity ratio of 2.682 and a quick ratio of 2.661, indicating strong short-term financial health [1] - Lansheng Co., Ltd. has a debt-to-asset ratio of 25.33%, suggesting a relatively low level of financial leverage [1] - The company has made investments in 38 enterprises and participated in 9 bidding projects, showcasing its active engagement in business development [2]

Core Viewpoint - The company plans to cancel its supervisory board and amend its articles of association to enhance corporate governance in compliance with the latest regulations and actual circumstances [1][2][3]. Summary by Sections Proposal to Cancel the Supervisory Board - The company intends to cancel the supervisory board and transfer its responsibilities to the audit committee of the board of directors, in accordance with the revised Company Law and related regulations [1][2]. - The current supervisors will be relieved of their duties upon the approval of this proposal by the shareholders' meeting [2]. Amendments to the Articles of Association - The amendments include changes to the articles of association to reflect the cancellation of the supervisory board and the adjustment of related rules [1][2]. - New provisions will be added to clarify the legal responsibilities of the legal representative and the company's liability for civil activities conducted in its name [2][3]. - The total number of shares issued by the company remains at 735,533,549 shares, with no other classes of stock [4][5]. - The company will not provide financial assistance for the acquisition of its shares by any individual or entity [4][5]. Governance and Shareholder Rights - The articles of association will ensure that all shareholders have equal rights and obligations, and any changes to the articles will require a two-thirds majority vote from the board of directors [3][7]. - Shareholders holding more than 5% of the shares will have specific rights regarding the transfer and pledge of their shares, including restrictions on selling shares within certain timeframes [8][9]. - The company will maintain transparency and compliance with legal requirements in its operations and governance practices [19][20].

3、议案二：关于修订《募集资金管理办法》的议案 东浩兰生会展集团股份有限公司 2025 年第一次临时股东会议程 时间：2025 年 8 月 20 日下午 14:00 2025 年第一次临时股东会文件 2025 年 8 月 20 日 目 录 1、2025 年第一次临时股东会议程 2、议案一：关于取消监事会并修订《公司章程》及其附件的议案 会议方式：上海世博展览馆B2 层5 号会议室（上海市浦东新区博成路850 号） 主持人：陈小宏 董事长 1、审议《关于取消监事会并修订<公司章程>及其附件的议案》； 2、审议《关于修订<募集资金管理办法>的议案》。 3、股东代表发言 4、回答股东提问 5、大会现场投票 6、宣布现场表决统计结果 7、合并统计现场投票及网络投票 8、律师出具股东大会法律意见书 2 议案一： 关于取消监事会 并修订《公司章程》及其附件的议案 各位股东及股东代表： 为进一步完善公司治理，根据最新修订的《中华人民共和国公司法》、中国 证监会发布的《关于新<公司法>配套制度规则实施相关过渡期安排》《上海证券 交易所股票上市规则（2025 年 4 月修订）》以及《上市公司章程指引》（2025 年修订）等相关 ...

Core Insights - The report highlights the importance of CFOs in listed companies, revealing that the total salary for CFOs in A-share companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] Salary Distribution - The average salary for CFOs in the social services-professional services sector is approximately 731,400 yuan, with the highest salary being 1.44 million yuan for Zhuge Bin from Anbang Security, and the lowest at 216,100 yuan for Zhou Huiqing from Shibu Testing [1] - The majority of CFOs (64%) earn between 500,000 and 1 million yuan, totaling 14 individuals [1] Age Structure - The average age of CFOs is about 48.23 years, with the most common age group being 45-49 years, comprising 41% of the total [3] - The oldest CFO is 55 years old, while the youngest is 40 years old, with respective salaries of 610,000 yuan and 1.014 million yuan [3] Educational Background - The educational distribution among CFOs includes 1 PhD, 8 Master's degrees, 11 Bachelor's degrees, and 2 Associate degrees, with average salaries of 946,100 yuan, 815,900 yuan, 657,100 yuan, and 695,000 yuan respectively [5] - The highest-paid CFO with a PhD is Lou Mingming from Lansheng Co., earning 946,100 yuan [5] Performance and Compensation Relationship - There is a noted disconnect between CFO salaries and company performance, with instances of salary increases despite significant declines in net profit, such as Li Yunbin from Anche Testing, whose salary rose by 7% while the company's net profit dropped by 263.7% [7] - Two CFOs received warnings or public notifications regarding compliance issues in 2024-2025 [7][8] Compliance Issues - Li Yunbin from Anche Testing received two warnings for insufficient impairment basis for goodwill and inaccurate performance forecast disclosures, earning 750,000 yuan in 2024 [8] - Liu Sheng from Zero Point Data received one warning for discrepancies in performance forecast disclosures, with a salary of 788,000 yuan [8]