证券代码：603182 证券简称：嘉华股份 公告编号：2025-022 山东嘉华生物科技股份有限公司 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 08 月 27 日 （星期三） 至 09 月 02 日 （星期二）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 sinoglory@sinoglorygroup.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。 山东嘉华生物科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 20 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 03 日 （星期三） 09:00-10:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及 ...

Core Viewpoint - 嘉华股份 (603182) reported a decline in total revenue for the first half of 2025, while net profit increased, indicating a mixed financial performance with improved profitability metrics despite lower sales [1] Financial Performance Summary - Total revenue for H1 2025 was 681 million yuan, a decrease of 12.86% year-on-year [1] - Net profit attributable to shareholders was 62.29 million yuan, an increase of 7.79% year-on-year [1] - Gross margin improved to 16.0%, up 21.23% year-on-year, while net margin rose to 9.15%, an increase of 23.7% year-on-year [1] - Operating cash flow per share significantly decreased to 0.02 yuan, down 92.51% year-on-year [1] Expense and Asset Management - Total selling, administrative, and financial expenses amounted to 16.73 million yuan, accounting for 2.46% of revenue, which is a 41.74% increase year-on-year [1] - Cash and cash equivalents decreased by 58.31% to 75.32 million yuan, primarily due to loan repayments and the maturity of bank acceptance bills [1][2] - Accounts receivable dropped by 49.20% to 92.33 million yuan [1] Changes in Liabilities and Other Financial Metrics - Short-term borrowings and accounts payable both saw a 100% decrease, indicating repayment of debts [3] - The company’s return on invested capital (ROIC) was 9.79%, which is considered average, with historical median ROIC at 16.36% [5] - The ratio of cash to current liabilities was 86.55%, suggesting potential liquidity concerns [6]

Core Viewpoint - Jia Hua Co., Ltd. reported a decline in revenue but an increase in profit for the first half of 2025, indicating a mixed performance in its operations [1][3]. Financial Performance - The company achieved an operating revenue of 681 million yuan, a year-on-year decrease of 12.86% [1]. - The net profit attributable to shareholders was 62 million yuan, reflecting a year-on-year growth of 7.79% [1]. - The net profit margin improved from 7.39% in the first half of 2024 to 9.15% in 2025 [3]. - The gross profit margin increased from 13.20% to 16.00% [3]. - The return on equity was 5.64%, with a year-on-year increase of 0.12 percentage points, indicating overall improvement in profitability quality [3]. Operational Efficiency - The inventory turnover days increased to 71.22 days, up by 11.22% compared to the first half of 2024, suggesting increased pressure on inventory management [5]. - The net cash flow from operating activities was 4 million yuan, a significant decline from 54 million yuan in the same period of 2024 [5]. - The debt-to-asset ratio for the first half of 2025 was 17.89%, a decrease of 5.59 percentage points year-on-year, indicating a lighter debt burden and a more stable financial structure [5]. Institutional Holdings - As of the first half of 2025, the number of institutions holding Jia Hua Co., Ltd. shares decreased to 3, down from 50 in the same period of 2024, showing a significant decline in institutional investor participation [7]. - The company's market capitalization peaked at 4.015 billion yuan on September 19, 2022, while the current market cap stands at 2.370 billion yuan, indicating a need for a 69.44% increase in stock price to reach its historical high [7]. - Despite the decline in institutional interest, the company has shown positive changes in profitability quality and financial structure [7].

Group 1 - The core point of the article is that Jiahua Co., Ltd. announced the convening of its sixth fifth board meeting to review the semi-annual report for 2025 [1] - The meeting took place on August 18, 2025, and was conducted in a hybrid format combining in-person and communication methods [1] - Jiahua Co., Ltd. reported that its revenue composition for the year 2024 is as follows: food accounts for 92.41%, steam and electricity for 7.31%, and other businesses for 0.28% [1] Group 2 - As of the report, Jiahua Co., Ltd. has a market capitalization of 2.4 billion yuan [1]

Core Insights - The company reported a decrease in revenue for the first half of 2025, amounting to approximately 681 million yuan, which represents a year-on-year decline of 12.86% [2] - The net profit attributable to shareholders increased to approximately 62.29 million yuan, reflecting a year-on-year growth of 7.79% [2] - Basic earnings per share rose to 0.38 yuan, marking an increase of 8.57% compared to the previous year [2]

Core Viewpoint - The company plans to distribute a cash dividend of RMB 0.30 per share (including tax) to all shareholders, amounting to a total of RMB 49,365,000, which represents 79.25% of the net profit attributable to shareholders for the first half of 2025 [3][7][19]. Company Overview - The company is named Shandong Jiahua Biotechnology Co., Ltd. and is listed under the stock code 603182 [5][13]. - The total share capital of the company as of June 30, 2025, is 164,550,000 shares [3][7]. Profit Distribution Plan - The proposed cash dividend distribution is based on the total share capital as of the equity distribution registration date, which will be specified in a future announcement [6][19]. - The company’s retained earnings as of June 30, 2025, amount to RMB 445,952,469.52 [7]. - The distribution plan does not require approval from the shareholders' meeting as it falls within the authorization granted at the 2024 annual shareholders' meeting [8][9]. Decision-Making Process - The board of directors approved the profit distribution plan during the sixth board meeting held on August 18, 2025, with unanimous support [10][19]. - The supervisory board also reviewed and approved the profit distribution plan, affirming its alignment with the company's performance and growth potential [11][25].

证券日报网讯 8月19日晚间，嘉华股份发布公告称，公司第六届董事会第五次会议审议通过了《关于 2025年半年度报告及其摘要的议案》等。 （文章来源：证券日报） ...

证券日报网讯 8月19日晚间，嘉华股份发布公告称，公司第六届监事会第四次会议审议通过了《关于 2025年半年度报告及其摘要的议案》等。 （文章来源：证券日报） ...

资金面上看，该股今日主力资金净流出62.60万元，近5日主力资金净流入525.53万元。 按申万行业统计，嘉华股份所属的农林牧渔行业共有7家公司公布了2025半年度分配方案，派现金额最 多的是海大集团，派现金额为3.33亿元，其次是益生股份、立华股份，派现金额分别为1.63亿元、 8372.70万元。（数据宝） 公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2025.06.30 | 10派3元（含税） | 0.49 | 2.38 | | 2024.12.31 | 10派1元（含税） | 0.16 | 0.83 | | 2023.12.31 | 10派4元（含税） | 0.66 | 2.39 | | 2022.12.31 | 10派3元（含税） | 0.49 | 1.56 | 证券时报·数据宝统计显示，公司今日公布了半年报，共实现营业收入6.81亿元，同比下降12.86%，实 现净利润6229.12万元，同比增长7.79%，基本每股收益为0.38元，加权平均净资产收益率为5.64%。 | 代码 | 简 ...

Core Insights - The core viewpoint of the article highlights the financial performance of Jia Hua Co., which reported a decline in revenue but an increase in net profit for the first half of 2025 [1] Financial Performance - Jia Hua Co. reported a revenue of 681 million yuan, representing a year-on-year decrease of 12.9% [1] - The net profit attributable to shareholders was 62.29 million yuan, showing a year-on-year increase of 7.8% [1] Business Operations - The company is primarily engaged in the research, production, and sales of soybean protein and related by-products [1] - Despite a complex market environment, the company maintained stable operations in its main business [1] - During the reporting period, Jia Hua Co. actively advanced multiple new investment projects, gradually releasing production capacity, which led to stable growth in the output of its main products [1] Market Challenges - The year-on-year decline in revenue was mainly attributed to the impact of raw material prices, which resulted in a decrease in product sales prices and consequently reduced sales revenue [1]