Core Insights - Meiside (603041) reported a total revenue of 310 million yuan for the first half of 2025, reflecting a year-on-year increase of 5.76%, while the net profit attributable to shareholders decreased by 42.72% to 32.4654 million yuan [1] - The company's accounts receivable is notably high, with accounts receivable accounting for 137.19% of the latest annual net profit [1] - The gross margin decreased by 43.71% to 22.37%, and the net margin fell by 44.6% to 10.49% [1] Financial Performance - Q2 revenue was 143 million yuan, down 2.03% year-on-year, with a net profit of 20.3633 million yuan, a decline of 21.05% [1] - Total expenses (selling, administrative, and financial) amounted to 19.6747 million yuan, representing 6.35% of revenue, a decrease of 37.18% year-on-year [1] - Earnings per share decreased by 41.94% to 0.18 yuan, while operating cash flow per share increased by 35.97% to 0.3 yuan [1] Significant Changes in Financial Items - Accounts receivable financing decreased by 65.54% due to increased collection of bank acceptance bills [2] - Long-term equity investments decreased by 100% due to the disposal of an associate [3] - Construction in progress increased by 79.57% due to higher construction costs for Meiside (Jilin) [4] Other Financial Metrics - Right-of-use assets increased by 381.49% due to new lease contracts [5] - Contract liabilities decreased by 47.0% due to a reduction in advance payments received for goods [6] - Employee compensation payable decreased by 31.39% due to the distribution of year-end bonuses for 2024 [7] Tax and Liabilities - Taxes payable increased by 36.27% due to higher corporate income tax [8] - Non-current liabilities due within one year increased by 220.15% due to new lease contracts [9] - Deferred income increased by 86.06% due to government subsidies related to assets [10] Operational Insights - The company's return on invested capital (ROIC) was 3.69%, indicating weak capital returns, with a historical median ROIC of 8.84% since its listing [10] - The company has a healthy cash asset position, suggesting good liquidity [10] - Attention is advised on the accounts receivable situation, which is significantly high relative to profit [10]

Core Viewpoint - Meiside's stock price has experienced a decline, reflecting challenges in profitability despite a slight increase in revenue [1] Financial Performance - For the first half of 2025, Meiside reported a revenue of 310 million yuan, representing a year-on-year growth of 5.76% [1] - The net profit attributable to shareholders was 32.47 million yuan, showing a significant year-on-year decrease of 42.72% [1] Stock Market Activity - As of August 22, 2025, Meiside's stock closed at 14.21 yuan, down by 0.56 yuan or 3.79% from the previous trading day [1] - The stock reached a high of 16.24 yuan and a low of 13.72 yuan during the trading session, with a total trading volume of 480 million yuan and a turnover rate of 17.67% [1] - On August 22, there was a net outflow of 36.45 million yuan in principal funds, accounting for 1.4% of the circulating market value [1] - Over the past five days, the cumulative net outflow of principal funds was 17.55 million yuan, representing 0.67% of the circulating market value [1] Business Overview - Meiside specializes in the research, production, and sales of chemical products, focusing on areas such as building energy efficiency and specialized new technologies [1] - The company is headquartered in Jiangsu and is categorized as a micro-cap stock [1]

Group 1 - The core point of the article is that Meiside reported its semi-annual financial results for 2025, showing a revenue increase but a significant decline in net profit [1] - The company achieved operating revenue of 309,597,336.87 yuan, representing a year-on-year growth of 5.76% [1] - The net profit attributable to shareholders of the listed company was 32,465,409.99 yuan, which reflects a year-on-year decrease of 42.72% [1]

Core Viewpoint - Meiside (603041.SH) reported a revenue of 310 million yuan for the first half of 2025, reflecting a year-on-year growth of 5.76% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 32.4654 million yuan, showing a year-on-year decline of 42.72% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 27.589 million yuan, down 45.82% year-on-year [1] - Basic earnings per share were 0.18 yuan [1]

Core Viewpoint - Meiside (603041) experienced a decline of 3.79% today, with a trading volume of 480 million yuan and a fluctuation of 18.37% [2] Trading Activity - The stock had a turnover rate of 17.67% and was listed on the Shanghai Stock Exchange due to its daily fluctuation value reaching 18.37% [2] - The total net selling by brokerage seats amounted to 12.49 million yuan, with the top five brokerage seats accounting for a total transaction of 81.66 million yuan [2] - The largest buying brokerage was Guosen Securities with a purchase amount of 12.28 million yuan, while the largest selling brokerage was China Galaxy Securities with a selling amount of 11.52 million yuan [2] Fund Flow - The stock saw a net outflow of 50.86 million yuan from main funds today, including a net outflow of 18.33 million yuan from large orders [2] - Over the past five days, the net outflow of main funds totaled 33.38 million yuan [2] Financial Performance - The company reported a revenue of 167 million yuan for the first quarter, representing a year-on-year growth of 13.49% [2] - However, the net profit for the same period was 12.10 million yuan, showing a significant year-on-year decline of 60.82% [2]

Group 1 - The company disclosed its 2025 semi-annual operating data, including production, sales, and revenue figures for its main products [1] - Total production for major products reached 12,539.21 tons, with total revenue amounting to 302.58 million yuan [1] - The company reported a decrease in the selling price of hard foam additives by 10.47% year-on-year and 4.24% month-on-month [1] Group 2 - The selling price of soft foam additives increased by 6.85% year-on-year but decreased by 0.32% month-on-month [1] - The procurement price of major raw materials showed a year-on-year decrease, with organic silicon monomer down by 10.85% and allyl alcohol polyether down by 8.15% [1] - No other significant events affecting the company's production and operations were reported during the reporting period [1]

江苏美思德化学股份有限公司2025 年半年度报告 公司代码：603041 公司简称：美思德 2025 年半年度报告 1 / 154 江苏美思德化学股份有限公司 江苏美思德化学股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人孙宇、主管会计工作负责人孙宇及会计机构负责人（会计主管人员）徐开进声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中如有涉及未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬 请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提 ...

证券代码：603041 证券简称：美思德 公告编号：2025-026 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： 会议召开时间：2025 年 09 月 01 日(星期一) 下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（以下简称"上证路演中 心"，http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 08 月 25 日（星期一）至 08 月 29 日（星期五）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 zqsw@maysta.com 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。 江苏美思德化学股份有限公司（以下简称"公司"）已于 2025 年 08 月 23 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 01 日下午 16:00-17:00 举行 2025 年半年度业绩 ...

证券代码：603041 证券简称：美思德 公告编号：2025-025 江苏美思德化学股份有限公司 2025 年半年度主要经营数据公告 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。 江苏美思德化学股份有限公司（以下简称"公司"）根据《上海证券交易 所上市公司自律监管指引第 3 号——行业信息披露》及其附件《第十三号—— 化工》、《关于做好主板上市公司 2025 年半年度报告披露工作的重要提醒》的 要求，现将公司 2025 年半年度主要经营数据（均不含税）披露如下： 注：公司部分产品存在内部自用情况。 二、主要产品和原材料的价格变动情况 （一）主要产品价格变动情况 | 主要产品 | 2025 | 年 | 1-6 | 月平均销 | 2024 1-6 | 年 | 月平均销 | 同比变动 | 第二季度 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 售价格（万元/吨） | | | | 售价格（万元/吨） | | | | 环比变动 | | 硬泡助剂 ...

Group 1 - The chemical products sector increased by 0.71% on August 21, with Feilu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] - Notable gainers in the chemical products sector included Feilu Co., Ltd. with a closing price of 12.85, up 10.40%, and Boyuan Co., Ltd. with a closing price of 44.84, up 10.25% [1] Group 2 - The chemical products sector experienced a net outflow of 449 million yuan from institutional funds, while retail investors saw a net inflow of 500 million yuan [2] - The top individual stock performers in terms of net inflow included Wanhua Chemical with a net inflow of 4.24 billion yuan, while retail investors showed significant outflows in several stocks [3] - The overall trading volume and turnover in the chemical products sector reflected mixed investor sentiment, with some stocks experiencing substantial declines [2][3]