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南方路机(603280) - 福建南方路面机械股份有限公司对外投资管理制度
2025-08-29 11:39
603280.SH 【福建南方路面机械股份有限公司】 对外投资管理制度 第一章 总则 第一条 为了规范福建南方路面机械股份有限公司(以下简称"公司"或"本公司") 对外投资行为,防范投资风险,提高对外投资效益,根据《中华人民共和国公司法》(以 下简称"《公司法》")、《中华人民共和国证券法》(以下简称"《证券法》"),参照《上海 证券交易所股票上市规则》(以下简称"《上市规则》")等法律法规的相关规定和《福建 南方路面机械股份有限公司章程》(以下简称"《公司章程》"),制定本制度。 第二条 本制度所称对外投资,是指公司在境内外进行的下列以盈利或保值增值为 目的的投资行为: (一)向其他企业投资,包括单独设立或与他人共同设立企业、对其他企业增资、 受让其他企业股权等权益性投资; (二)购买交易性金融资产和其他权益工具投资、向他人提供借款(含委托贷款)、 委托理财等财务性投资; (三)其他投资。 第三条 公司对外投资行为必须符合国家有关法规及产业政策,符合公司发展战略, 有利于增强公司竞争能力,有利于合理配置企业资源,创造良好经济效益,促进公司可 持续发展。 第二章 对外投资决策权限 第四条 公司应指定专门机构, ...
南方路机(603280) - 福建南方路面机械股份有限公司投资者关系管理制度
2025-08-29 11:39
603280.SH 【福建南方路面机械股份有限公司】 投资者关系管理制度 第一条 为进一步完善福建南方路面机械股份有限公司(以下简称"公司")治理结 构,规范公司投资者关系工作,加强公司与投资者和潜在投资者(以下统称"投资者") 之间的沟通,加深投资者对公司的了解和认同,促进公司和投资者之间长期、稳定的良 好关系,根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国证 券法》(以下简称"《证券法》")、《上市公司投资者关系管理工作指引》、《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》等法 律、法规、规章、规范性文件及《福建南方路面机械股份有限公司章程》(以下简称"《公 司章程》")的规定,结合公司实际情况,制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动交流和 诉求处理等工作,加强与投资者及潜在投资者之间的沟通,增进投资者对公司的了解和 认同,以提升公司治理水平和企业整体价值,实现尊重投资者、回报投资者、保护投资 者目的的相关活动。 第三条 投资者关系管理工作应严格遵守《公司法》、《证券法》等有关法律、法规 及 ...
南方路机(603280) - 福建南方路面机械股份有限公司关联交易实施细则
2025-08-29 11:39
603280.SH 【福建南方路面机械股份有限公司】 关联交易实施细则 第一章 总则 第一条 为规范福建南方路面机械股份有限公司(以下简称"公司")关联交易,维 护公司投资者特别是中小投资者的合法权益,保证公司与关联人之间订立的关联交易合 同符合公平、公正、公开的原则,根据《中华人民共和国公司法》(以下简称"《公司法》")、 《中华人民共和国证券法》(以下简称"《证券法》")、《上海证券交易所股票上市规则》 (以下简称"《上市规则》")、《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》等有关法律、法规、规范性文件及《福建南方路面机械股份有限公司章程》 (以下简称"《公司章程》")的有关规定,制定本细则。 第二条 公司与关联人进行交易时,应遵循以下基本原则: (一)平等、自愿、等价、有偿的原则; (二)公平、公正、公开的原则; (三)对于必需的关联交易,严格依照法律法规和规范性文件加以规范; 第四条 关联交易是指本公司、控股子公司及控制的其他主体与关联人之间发生的 转移资源或义务的事项,包括但不限于下列事项: (一)购买或者出售资产; (二)对外投资(含委托理财、对子公司投资等); (三)提 ...
南方路机(603280) - 福建南方路面机械股份有限公司对外担保管理制度
2025-08-29 11:39
603280.SH 第三条 公司子公司(本制度所称子公司是指全资子公司、控股子公司和拥有实际 控制权的参股公司)的对外担保,视同公司行为,适用本制度规定。 【福建南方路面机械股份有限公司】 对外担保管理制度 第一章 总则 第一条 为了维护投资者的利益,规范福建南方路面机械股份有限公司(以下简称 "公司")的担保行为,控制公司资产运营风险,促进公司健康稳定发展,根据《中华 人民共和国公司法》、《中华人民共和国民法典》、《上海证券交易所股票上市规则》(以 下简称"《上市规则》")以及《福建南方路面机械股份有限公司章程》(以下简称"《公 司章程》")等相关规定,制定本制度。 第二条 本制度所称担保是指公司为他人提供的,括公司对全资或控股子公司的担 保。公司及其控股子公司的对外担保总额,是指包括公司对控股子公司担保在内的公司 对外担保总额与控股子公司对外担保总额之和。 第四条 公司对外担保实行统一管理,未经公司董事会或股东会批准,任何人无权 以公司名义签署对外担保的合同、协议或其他类似的法律文件。 公司控股子公司为公司合并报表范围内的法人或者其他组织提供担保的,公司应当 在控股子公司履行审议程序后及时披露,按照上交所 ...
南方路机(603280) - 2025 Q2 - 季度财报
2025-08-29 11:35
[Definitions](index=4&type=section&id=Section%20I%20Definitions) [Definitions of Common Terms and Professional Terminology](index=4&type=section&id=1.1%20Definitions%20of%20Common%20Terms%20and%20Professional%20Terminology) This chapter defines common terms and professional jargon used in the report, including company names, exchanges, reporting periods, currency units, and various enterprise management system acronyms, ensuring accurate understanding of the report content - Common Term Definitions: Company/NFLG refers to Fujian NFLG Roadbuilding Machinery Co., Ltd.; SSE refers to Shanghai Stock Exchange; Reporting Period refers to January 1, 2025, to June 30, 2025; Yuan, Ten Thousand Yuan, Hundred Million Yuan refer to RMB Yuan, RMB Ten Thousand Yuan, RMB Hundred Million Yuan[13](index=13&type=chunk) - Professional Terminology Definitions: RAP refers to Recycled Asphalt Pavement; ERP refers to Enterprise Resource Planning; MES refers to Manufacturing Execution System; PLM refers to Product Lifecycle Management System; RDM refers to Project Management System; CRM refers to Customer Relationship Management System; EBOM refers to Engineering Bill of Materials; PBOM refers to Process Bill of Materials; MBOM refers to Manufacturing Bill of Materials[13](index=13&type=chunk) [Company Profile and Key Financial Indicators](index=4&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Information](index=4&type=section&id=2.1%20Company%20Information) This section introduces Fujian NFLG Roadbuilding Machinery Co., Ltd.'s Chinese name, abbreviation, English name, abbreviation, and legal representative information - Company Chinese Name: Fujian NFLG Roadbuilding Machinery Co., Ltd., Chinese Abbreviation: NFLG[15](index=15&type=chunk) - Company Legal Representative: Fang Qingxi[15](index=15&type=chunk) [Contact Person and Contact Information](index=4&type=section&id=2.2%20Contact%20Person%20and%20Contact%20Information) This section provides contact details for the company's Board Secretary and Securities Affairs Representative, including names, addresses, phone numbers, fax numbers, and email addresses - Board Secretary: Wan Jingwen, Contact Number: 0595-22916799, Email: Dong_office@nflg.com[16](index=16&type=chunk)[17](index=17&type=chunk) - Securities Affairs Representative: Yan Jianse, Contact Number: 0595-22915802, Email: Dong_office@nflg.com[16](index=16&type=chunk)[17](index=17&type=chunk) [Brief Introduction to Changes in Basic Information](index=5&type=section&id=2.3%20Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) This section states that there were no changes in the company's basic information, such as registered address, office address, postal code, company website, and email address, during the reporting period - Company's registered address and office address are both No. 700, Sports Street, High-tech Industrial Park, Fengze District, Quanzhou City, with no changes during the reporting period[18](index=18&type=chunk) - Company Website: https://www.nflg.com/, Email: Dong_office@nflg.com[18](index=18&type=chunk) [Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=5&type=section&id=2.4%20Brief%20Introduction%20to%20Changes%20in%20Information%20Disclosure%20and%20Document%20Storage%20Locations) This section discloses the company's selected newspapers for information disclosure, the website address for publishing semi-annual reports, and the location for storing semi-annual reports, all of which remained unchanged during the reporting period - Company's selected newspapers for information disclosure: China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, Economic Information Daily[19](index=19&type=chunk) - Website address for publishing semi-annual reports: www.sse.com.cn[19](index=19&type=chunk) - Location for storing company's semi-annual reports: Company Board Secretary's Office[19](index=19&type=chunk) [Overview of Company Shares](index=5&type=section&id=2.5%20Overview%20of%20Company%20Shares) This section provides basic information about the company's shares, including share type, listing exchange, stock abbreviation, and stock code - Company Share Type: A-shares, Listing Exchange: Shanghai Stock Exchange, Stock Abbreviation: NFLG, Stock Code: 603280[20](index=20&type=chunk) [Key Accounting Data and Financial Indicators](index=5&type=section&id=2.7%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section details the company's key accounting data and financial indicators for the first half of 2025, showing a year-on-year decrease in operating revenue and net profit, but a significant increase in net cash flow from operating activities, along with slight growth in total assets and net assets - Net cash flow from operating activities increased due to higher collection of goods payments and reduced material expenses in the current period[24](index=24&type=chunk) [Key Accounting Data](index=5&type=section&id=2.7.1%20Key%20Accounting%20Data) During the reporting period, the company's operating revenue and total profit both decreased year-on-year, but net cash flow from operating activities significantly increased 2025 H1 Key Accounting Data | Indicator | Current Period (Jan-Jun) | Prior Period | Period-over-Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 499,394,484.30 | 598,035,747.25 | -16.49 | | Total Profit (Yuan) | 61,307,900.79 | 71,095,259.66 | -13.77 | | Net Profit Attributable to Shareholders of the Listed Company (Yuan) | 57,762,409.09 | 68,453,463.46 | -15.62 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-recurring Gains and Losses (Yuan) | 45,396,770.21 | 56,401,133.55 | -19.51 | | Net Cash Flow from Operating Activities (Yuan) | 85,531,558.87 | 5,430,473.03 | 1,475.03 | | Net Assets Attributable to Shareholders of the Listed Company (End of Period) (Yuan) | 1,338,664,648.00 | 1,308,974,473.33 | 2.27 | | Total Assets (End of Period) (Yuan) | 2,186,752,876.87 | 2,046,652,930.39 | 6.85 | [Key Financial Indicators](index=6&type=section&id=2.7.2%20Key%20Financial%20Indicators) During the reporting period, the company's basic and diluted earnings per share both decreased year-on-year, and the weighted average return on net assets also declined 2025 H1 Key Financial Indicators | Indicator | Current Period (Jan-Jun) | Prior Period | Period-over-Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 0.53 | 0.63 | -15.87 | | Diluted Earnings Per Share (Yuan/share) | 0.53 | 0.63 | -15.87 | | Basic Earnings Per Share After Deducting Non-recurring Gains and Losses (Yuan/share) | 0.42 | 0.52 | -19.23 | | Weighted Average Return on Net Assets (%) | 4.32 | 5.31 | Decrease by 0.99 percentage points | | Weighted Average Return on Net Assets After Deducting Non-recurring Gains and Losses (%) | 3.39 | 4.38 | Decrease by 0.99 percentage points | [Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=2.9%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to 12,365,638.88 Yuan, primarily from government grants, fair value changes, and other non-operating income 2025 H1 Non-recurring Gains and Losses Items | Non-recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Gains or losses on disposal of non-current assets | 22,411.61 | | Government grants recognized in current profit or loss | 7,118,400.00 | | Gains or losses from changes in fair value and disposal of financial assets and liabilities | 5,991,685.35 | | Fund occupation fees received from non-financial enterprises recognized in current profit or loss | 448,715.49 | | Other non-operating income and expenses apart from the above | 1,488,896.59 | | Less: Income tax impact | 2,704,470.16 | | **Total** | **12,365,638.88** | [Management Discussion and Analysis](index=8&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) [Description of the Company's Industry and Main Business During the Reporting Period](index=8&type=section&id=3.1%20Description%20of%20the%20Company's%20Industry%20and%20Main%20Business%20During%20the%20Reporting%20Period) This section describes the engineering machinery industry context, noting its acceleration towards green and intelligent transformation, and its stabilization and recovery driven by "equipment renewal policy dividends" and "overseas market growth" The company focuses on the engineering mixing sector, forming a full-产业链 product system covering "primary aggregate processing equipment - engineering mixing equipment - aggregate resource recycling equipment" - China's construction machinery industry has formed the world's most complete industrial chain system, with products covering over 200 countries and regions[30](index=30&type=chunk) - Driven by "dual carbon" goals, the industry is accelerating its transformation towards green and intelligent development[30](index=30&type=chunk) - In the first half of 2025, the domestic construction machinery industry stabilized and recovered, driven by the continuous release of "equipment renewal policy dividends" and "structural growth in overseas markets"[30](index=30&type=chunk) [Company's Main Business](index=8&type=section&id=3.1.1%20Company's%20Main%20Business) The company's main business encompasses primary aggregate processing equipment, engineering mixing equipment, and aggregate resource recycling equipment, aiming to provide one-stop, full-series green building material equipment and circular economy solutions for resource recycling - The company has gradually formed a full-chain and multi-level product system layout covering "primary aggregate processing equipment - engineering mixing equipment - aggregate resource recycling equipment"[31](index=31&type=chunk) - Primary aggregate processing equipment includes high-quality sand making equipment, shaping sand making equipment, stationary crushing and screening equipment, and mobile crushing and screening equipment, with increasing market demand[31](index=31&type=chunk) - Aggregate resource recycling equipment includes waste wet concrete recycling equipment, construction waste resource recycling equipment, asphalt concrete recycling material crushing and screening equipment, and mud treatment equipment, responding to national environmental protection and circular economy policy demands[32](index=32&type=chunk) [Company's Business Model](index=9&type=section&id=3.1.2%20Company's%20Business%20Model) The company adopts a "procurement on demand" and "production based on sales" model, with core components self-produced and non-core components outsourced The sales model is primarily distribution-based, supplemented by direct sales, with a focus on after-sales service - Procurement primarily follows a "procurement on demand" model, with purchasing arranged according to sales orders and production plans, and advance procurement plans and stocking for long-cycle raw materials, collaborating with at least two qualified suppliers[33](index=33&type=chunk) - Production primarily adopts a "production based on sales" model, independently completing technology R&D, solution and product design, core component production, and complete machine assembly, with some non-core components and processes completed through external procurement and outsourcing[34](index=34&type=chunk)[35](index=35&type=chunk) - The sales model has gradually evolved into a distribution-led approach, combining direct sales and distribution, acquiring customer resources through industry exhibitions, customer referrals, and online platforms, and providing after-sales service[35](index=35&type=chunk) [Discussion and Analysis of Operations](index=10&type=section&id=3.2%20Discussion%20and%20Analysis%20of%20Operations) During the reporting period, the company's operating revenue and net profit declined, but total assets and net cash flow from operating activities increased The company continuously enhances its competitiveness through core technology breakthroughs, global expansion, green intelligent manufacturing, intelligent ecosystem integration, and R&D efforts - The company achieved operating revenue of **499 Million Yuan**, a year-on-year decrease of **16.49%**; net profit attributable to shareholders of the listed company was **57.76 Million Yuan**, a year-on-year decrease of **15.62%**[36](index=36&type=chunk) - As of June 30, 2025, the company's total assets were **2.187 Billion Yuan**, a year-on-year increase of **6.85%**; net assets attributable to shareholders of the listed company were **1.339 Billion Yuan**, a year-on-year increase of **2.27%**[36](index=36&type=chunk) - Net cash flow from operating activities showed a positive trend, indicating the company's continuous optimization in stable operations and capital management[36](index=36&type=chunk) [Core Technology Breakthroughs Build an Industry Moat](index=10&type=section&id=3.2.1%20Core%20Technology%20Breakthroughs%20Build%20an%20Industry%20Moat) The company achieved multiple core technology breakthroughs in engineering mixing equipment, primary aggregate processing equipment, and aggregate resource recycling equipment, including RAP fine aggregate recycling equipment, tower-type dry-mix mortar production lines, NFS150 mobile screening equipment, and NZLG60 modular fluid-solidified soil equipment, enhancing product performance, energy efficiency, and environmental value - RAP fine aggregate recycling equipment can finely separate asphalt millings, significantly reducing false particle size phenomena and variability, saving maintenance costs, and addressing environmental concerns[37](index=37&type=chunk) - NFLG's tower-type dry-mix mortar production line uses a ploughshare mixer and frequency conversion technology, reducing energy consumption by **25%**, achieving a mixing ratio of up to **1:10000**, with no residue or dead corners during discharge[37](index=37&type=chunk) - The company's NFS150 mobile screening equipment features a compact structure and high flexibility, suitable for confined workspaces and high-frequency projects, and can be transported as a complete unit via 40FR containers, significantly reducing transportation costs[38](index=38&type=chunk) - The independently developed NZLG60 modular fluid-solidified soil equipment is designed for the resource treatment of waste soil mud cakes, solving problems such as slow site transfers, long construction periods, and difficulties in mud separation and transportation of sticky wet slag, capable of producing high-quality fluid-solidified soil[39](index=39&type=chunk) [Global Layout Opens Up Incremental Market Space](index=11&type=section&id=3.2.2%20Global%20Layout%20Opens%20Up%20Incremental%20Market%20Space) NFLG is accelerating its global expansion, with overseas sales continuously increasing, and its products have entered markets in Europe, North America, Southeast Asia, and the Middle East, establishing a strong brand reputation The company will continue to deepen its presence in international markets - NFLG's overseas products have entered numerous countries and regions in Europe, North America, Southeast Asia, and the Middle East, establishing a strong brand reputation locally[40](index=40&type=chunk) - The company will continue to deeply cultivate international markets, thoroughly understand overseas customer needs, and provide efficient, environmentally friendly, and intelligent overall solutions for green circular building materials[40](index=40&type=chunk) [Dual Carbon Goals Drive New Paradigm of Green Intelligent Manufacturing](index=11&type=section&id=3.2.3%20Dual%20Carbon%20Goals%20Drive%20New%20Paradigm%20of%20Green%20Intelligent%20Manufacturing) The company actively responds to the "dual carbon" strategy, releasing a carbon neutrality white paper and setting targets for carbon peaking across the entire value chain by 2030, carbon neutrality in its own operations by 2050, and net-zero emissions across the entire value chain by 2060 During the reporting period, it was awarded "2025 Fujian Province Green Factory" and deepened its green manufacturing system construction through measures such as optimizing production processes and introducing energy-saving equipment - NFLG released a carbon neutrality white paper, setting phased carbon neutrality targets: achieving carbon peaking across the entire value chain by **2030**; achieving carbon neutrality in its own operations by **2050**; and achieving net-zero emissions across the entire value chain by **2060**[41](index=41&type=chunk) - During the reporting period, NFLG was awarded "2025 Fujian Province Green Factory," which is a high recognition of the company's long-term commitment to green development principles[41](index=41&type=chunk) - The company achieves standardized, intelligent, and green production through measures such as introducing advanced energy-saving equipment, optimizing processes, and standardizing solid waste recycling[41](index=41&type=chunk) [Intelligent Ecosystem Integration Leads Industrial Transformation](index=11&type=section&id=3.2.4%20Intelligent%20Ecosystem%20Integration%20Leads%20Industrial%20Transformation) NFLG actively embraces artificial intelligence, launching an AI+ aggregate intelligent feeding system and applying intelligent systems such as the ERP green building materials smart factory management platform, IoT+ warehousing intelligent remote monitoring system, and intelligent ticket printing and sorting integrated machine, enhancing production efficiency, resource utilization, and product quality - NFLG's AI+ aggregate intelligent feeding system, based on artificial intelligence and visual inspection technology, can monitor aggregate gradation and morphology online, providing data for optimizing aggregate formulas, improving concrete quality, and reducing cement consumption[42](index=42&type=chunk) - The company applies intelligent systems such as the ERP green building materials smart factory management platform, IoT+ warehousing intelligent remote monitoring system, and intelligent ticket printing and sorting integrated machine, helping to improve production efficiency and resource utilization[42](index=42&type=chunk) [R&D Efforts Steadily Progress](index=11&type=section&id=3.2.5%20R%26D%20Efforts%20Steadily%20Progress) The company continues to increase R&D investment, actively engaging in industry-university-research cooperation, and jointly tackling core technologies in intelligent fields and mixing/crushing mechanisms During the reporting period, it applied for 9 domestic and international patents, obtained 26 authorized patents, introduced dozens of talents in AI algorithms and intelligent system integration, and added 9 new R&D projects, totaling 15 ongoing R&D projects - During the reporting period, the company applied for **9** domestic and international patents, including **9** invention patents; it obtained **26** authorized patents, including **12** invention patents, **11** utility model patents, and **3** design patents[44](index=44&type=chunk) - During the reporting period, dozens of talents were introduced in key areas such as AI algorithms, intelligent system integration, and materials science, with R&D personnel accounting for **27.68%** of the total workforce[44](index=44&type=chunk) - In 2025, the company added **9** new R&D projects, with a total of **15** ongoing R&D projects, demonstrating efficient project advancement and precise adjustment and focus of R&D directions[44](index=44&type=chunk) [Analysis of Core Competitiveness During the Reporting Period](index=12&type=section&id=3.3%20Analysis%20of%20Core%20Competitiveness%20During%20the%20Reporting%20Period) The company's core competitiveness lies in its nearly three decades of accumulated product R&D technological advantages, its ability to provide full-chain integrated solutions, a strong dealer network, enhanced intelligent manufacturing and smart operation and maintenance capabilities, extensive and deep brand reputation, and continuously improving quality and after-sales service system - The company has gradually formed a full-chain and multi-level ecological product system for aggregates, including mining crushing and screening, aggregate processing, construction and road material mixing, and construction waste resource recycling equipment, covering "primary aggregate processing - engineering mixing - aggregate resource recycling"[45](index=45&type=chunk) - The company creatively provides integrated green circular building material solutions to the market, evolving from addressing single demands to supplying a complete ecological multi-scenario product and service system[46](index=46&type=chunk) - The company has established a mature marketing system primarily based on distribution, combined with direct sales, with a sales network covering **31** provinces, autonomous regions, and municipalities nationwide, and radiating to Southeast Asia, Europe, Africa, and the Middle East globally[48](index=48&type=chunk) [Accumulated Experience Forges Innovation Barrier: Product R&D Technology Advantage](index=12&type=section&id=3.3.1%20Accumulated%20Experience%20Forges%20Innovation%20Barrier%20Product%20R%26D%20Technology%20Advantage) Leveraging nearly three decades of technological accumulation, the company has formed a full-chain product system covering mining crushing and screening, aggregate processing, construction and road material mixing, and construction waste resource utilization, with early strategic布局 in future trends such as integrated construction solid waste resource utilization and environmentally friendly smart mixing plants Its products have been successfully applied in multiple national strategic engineering projects - The company has gradually formed a full-chain and multi-level full-ecological product system for aggregates, including mining crushing and screening, aggregate processing, construction and road material mixing, and construction waste resource recycling equipment, covering "primary aggregate processing - engineering mixing - aggregate resource recycling"[45](index=45&type=chunk) - Intelligent equipment developed and commercialized by the company has been successfully applied in national strategic engineering projects with strict quality requirements for construction machinery, such as the Hong Kong-Zhuhai-Macau Bridge, Shenzhen Greater Bay Area construction, CGN Nuclear Power Project, Shenzhen-Zhongshan Channel, and Beijing-Xinjiang Expressway[45](index=45&type=chunk) [Rare Advantage in Providing Full-Chain Integrated Solutions in the Industry](index=12&type=section&id=3.3.2%20Rare%20Advantage%20in%20Providing%20Full-Chain%20Integrated%20Solutions%20in%20the%20Industry) Through its full-chain and multi-level product system of "primary aggregate processing equipment - engineering mixing equipment - aggregate resource recycling equipment," the company provides integrated green circular building material solutions to the market, meeting customers' multi-stage needs, such as integrated solutions for highway expansion and maintenance backyards - The company's established advantage in a full-chain and multi-level product system layout of "primary aggregate processing equipment - engineering mixing equipment - aggregate resource recycling equipment" creatively provides integrated green circular building material solutions to the market[46](index=46&type=chunk) - Taking NFLG's integrated solution for highway expansion and maintenance backyards as an example, by integrating multiple functional areas, it achieves full coverage of various application scenarios for highway expansion and maintenance[46](index=46&type=chunk)[47](index=47&type=chunk) [Strong Dealer Advantage with Internal and External Empowerment](index=13&type=section&id=3.3.3%20Strong%20Dealer%20Advantage%20with%20Internal%20and%20External%20Empowerment) The company has established a mature marketing system primarily based on distribution, supplemented by direct sales, with a dealer network covering 31 provinces and radiating globally, successfully entering high-end markets such as Europe, North America, and Japan Through systematic training and profit sharing, the company forms stable long-term cooperative relationships with dealers to jointly address market risks - The company has established a mature marketing system primarily based on distribution, combined with direct sales, with a sales network covering **31** provinces, autonomous regions, and municipalities nationwide, and radiating to Southeast Asia, Europe, Africa, and the Middle East globally[48](index=48&type=chunk) - The company and its dealers empower each other, successfully entering high-end markets such as Europe, North America, and Japan, and establishing strategic partnerships with multiple international clients[48](index=48&type=chunk) - The company emphasizes systematic training for both direct sales and dealer employees, conducting regular training through its established Mixing Academy, continuously strengthening the cooperative bond between the company and its dealers[49](index=49&type=chunk) [Comprehensive Software and Hardware Enhanced Intelligent Manufacturing and Smart Operation and Maintenance Advantages](index=13&type=section&id=3.3.4%20Comprehensive%20Software%20and%20Hardware%20Enhanced%20Intelligent%20Manufacturing%20and%20Smart%20Operation%20and%20Maintenance%20Advantages) The company, through its independently developed IoT smart operation and maintenance management cloud platform, achieves remote equipment monitoring, data analysis, and intelligent decision-making, enhancing operational informatization and digitalization At the same time, ERP, MES, PLM, RDM, CRM, and other information systems are integrated across all supply, production, and sales links, ensuring production efficiency, quality control, and customer service - The company has independently developed and built an IoT-based smart operation and maintenance management cloud platform, enabling remote equipment monitoring and interconnected equipment, transforming product operation and maintenance from traditional offline methods to "Internet+" intelligent technical means[50](index=50&type=chunk) - Informatization has been integrated into all aspects of the company's daily operations, including supply, production, and sales, providing comprehensive assurance for product production efficiency and quality control through systems such as SRM, ERP, MES, PLM, RDM, and CRM[50](index=50&type=chunk)[51](index=51&type=chunk) - The company has independently developed a master data management platform, achieving classified management of materials and standardized management of product modules, improving data conversion speed and accuracy[51](index=51&type=chunk) [Extensive and Deep Brand Advantage](index=14&type=section&id=3.3.5%20Extensive%20and%20Deep%20Brand%20Advantage) Leveraging its technological R&D, product quality, service level, and historical performance, the company has established a strong brand reputation in the construction machinery industry, gaining widespread recognition from customers and the industry, and receiving numerous national and provincial honors - The company has high recognition and reputation in the subdivided fields of mixing, sand making, and construction waste recycling machinery[52](index=52&type=chunk) - Asphalt products have gained recognition and adoption by local European customers during their entry into overseas markets, gradually extending their reputation[52](index=52&type=chunk) - The company has successively been awarded provincial-level and above honors such as National Enterprise Technology Center, National High-tech Enterprise, China Well-known Trademark, and Fujian Province Green Factory[52](index=52&type=chunk) [Continuously Improving Quality and After-Sales Service Advantage](index=14&type=section&id=3.3.6%20Continuously%20Improving%20Quality%20and%20After-Sales%20Service%20Advantage) The company continuously upgrades its quality management and after-sales service system, obtaining multiple international certifications such as ISO9001, ISO14001, ISO45001, and ISO50001 Its main products have passed multiple international import certifications, including EU CE and Russian GOST Intelligent after-sales service provides remote diagnostics and preventive maintenance through an IoT cloud platform, and the Mixing Academy offers technical guidance and training - The company has passed ISO9001:2015 Quality Management System Certification, ISO14001:2015 Environmental Management System Certification, ISO45001:2018 Occupational Health and Safety Management System Certification, and ISO50001:2018 Energy Management System Certification[53](index=53&type=chunk) - Main products have passed multiple international import certifications, including EU CE certification and Russian GOST certification[53](index=53&type=chunk) - The company's after-sales service system is rapidly upgrading in intelligence and immediacy, connecting to customer site equipment control systems through an IoT cloud platform to provide value-added services such as remote diagnostics and preventive maintenance[53](index=53&type=chunk) - The company provides technical guidance services and equipment operation training for customer technical personnel or operators through the establishment of the Mixing Academy[53](index=53&type=chunk) [Main Operating Conditions During the Reporting Period](index=15&type=section&id=3.4%20Main%20Operating%20Conditions%20During%20the%20Reporting%20Period) This section primarily analyzes the changes in the company's financial statement items during the reporting period, particularly the year-on-year changes in operating revenue, costs, expenses, and cash flows, as well as major changes in the asset and liability structure - Operating revenue decreased by **16.49%** year-on-year, and operating costs decreased by **19.98%** year-on-year[56](index=56&type=chunk) - Net cash flow from operating activities increased by **1,475.03%** year-on-year, primarily due to increased collection of goods payments and reduced material expenses in the current period[55](index=55&type=chunk)[56](index=56&type=chunk) - Net cash flow from investing activities significantly decreased, mainly due to increased investment in wealth management products in the current period[55](index=55&type=chunk)[56](index=56&type=chunk) [Analysis of Main Business](index=15&type=section&id=3.4.1%20Analysis%20of%20Main%20Business) This section presents the year-on-year changes in operating revenue, operating costs, various expenses, and net cash flow from operating activities during the reporting period, through a table analyzing changes in relevant financial statement items Financial Statement Item Changes | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 499,394,484.30 | 598,035,747.25 | -16.49 | | Operating Costs | 354,150,855.04 | 442,587,818.71 | -19.98 | | Selling Expenses | 23,392,107.47 | 22,750,988.64 | 2.82 | | Administrative Expenses | 25,761,247.75 | 24,412,147.07 | 5.53 | | Financial Expenses | -2,644,969.19 | -3,662,967.46 | N/A | | R&D Expenses | 43,815,120.93 | 39,909,209.24 | 9.79 | | Net Cash Flow from Operating Activities | 85,531,558.87 | 5,430,473.03 | 1,475.03 | | Net Cash Flow from Investing Activities | -176,799,871.01 | -7,743,897.71 | N/A | | Net Cash Flow from Financing Activities | -29,172,859.42 | -36,636,505.28 | N/A | [Analysis of Assets and Liabilities](index=16&type=section&id=3.4.3%20Analysis%20of%20Assets%20and%20Liabilities) This section analyzes the composition and year-on-year changes in the company's assets and liabilities at the end of the reporting period, showing growth in both total assets and net assets, but significant changes in some current and non-current asset accounts, as well as a notable increase in accounts payable and taxes payable - Total assets increased by **6.85%** year-on-year, and net assets attributable to shareholders of the listed company increased by **2.27%** year-on-year[23](index=23&type=chunk) - Accounts receivable financing at the end of the period decreased by **74.26%** compared to the end of the prior year, mainly due to a reduction in unexpired bank acceptance bills held at the end of the period[58](index=58&type=chunk) - Prepayments at the end of the period increased by **40.06%** compared to the end of the prior year, mainly due to increased prepayments for outsourced components of large orders[58](index=58&type=chunk) - Accounts payable at the end of the period increased by **68.66%** compared to the end of the prior year, mainly due to increased procurement in the reporting period[58](index=58&type=chunk) - Taxes payable at the end of the period increased by **146.69%** compared to the end of the prior year, mainly due to increased VAT and corporate income tax payable at the end of the period[58](index=58&type=chunk) [Analysis of Investment Status](index=17&type=section&id=3.4.4%20Analysis%20of%20Investment%20Status) This section discloses the company's significant non-equity investments and financial assets measured at fair value during the reporting period, including investment in the intelligent manufacturing equipment industrial park project and foreign exchange derivative transactions - The company plans to invest approximately **2 Billion Yuan** in two phases to construct the NFLG Intelligent Manufacturing Equipment Industrial Park in Quanzhou Taiwanese Investment Zone[59](index=59&type=chunk) - On April 23, 2025, the company's board of directors approved the "Proposal on Conducting Foreign Exchange Derivative Transactions for 2025," with a total estimated amount not exceeding **40 Million US Dollars**, adhering to hedging principles and avoiding speculative arbitrage transactions[62](index=62&type=chunk)[64](index=64&type=chunk) Changes in Financial Assets Measured at Fair Value | Asset Category | Beginning Balance (Yuan) | Fair Value Change Gains/Losses for Current Period (Yuan) | Purchase Amount for Current Period (Yuan) | Sale/Redemption Amount for Current Period (Yuan) | Ending Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Financial assets held for trading | 404,456,768.01 | 2,778,610.20 | 2,493,120,000.00 | 2,390,177,768.01 | 510,177,610.20 | | Accounts receivable financing | 522,285.65 | -387,860.65 | - | - | 134,425.00 | | **Total** | **404,979,053.66** | **2,778,610.20** | **2,493,120,000.00** | **2,390,177,768.01** | **510,312,035.20** | [Derivative Investments for Hedging Purposes During the Reporting Period](index=18&type=section&id=3.4.4.1%20Derivative%20Investments%20for%20Hedging%20Purposes%20During%20the%20Reporting%20Period) The company engages in foreign exchange swap transactions and sells foreign exchange call options as derivative investments for hedging purposes to mitigate exchange rate fluctuation risks, recognizing an investment income of 0.019 Million Yuan during the reporting period - The company conducts foreign exchange swap transactions and sells foreign exchange call options, adhering to hedging principles and avoiding speculative arbitrage transactions[62](index=62&type=chunk) - During the reporting period, foreign exchange swap transactions recognized an investment income of **0.006 Million Yuan**, and selling call options recognized an investment income of **0.013 Million Yuan**[62](index=62&type=chunk) - The company implements risk control measures such as institutional safeguards, selection of trading counterparties and products, strict adherence to trading procedures, and dedicated personnel to manage market risk, liquidity risk, credit risk, and internal operational risk[63](index=63&type=chunk)[64](index=64&type=chunk) [Analysis of Major Holding and Participating Companies](index=21&type=section&id=3.4.6%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) This section discloses the financial performance of the company's major subsidiary, NFLG Roadbuilding Machinery (Xiantao) Co., Ltd., whose net profit significantly impacts the company's net profit by more than 10% Financial Performance of Major Subsidiary (NFLG Roadbuilding Machinery (Xiantao) Co., Ltd.) | Indicator | Amount (Yuan) | | :--- | :--- | | Registered Capital | 10,000,000.00 | | Total Assets | 536,080,009.98 | | Net Assets | 113,738,387.34 | | Operating Revenue | 86,568,104.10 | | Operating Profit | 5,993,312.58 | | Net Profit | 5,471,747.64 | - NFLG Roadbuilding Machinery (Xiantao) Co., Ltd.'s main business revenue was **85,454,827.93 Yuan**, and main business profit was **4,871,521.66 Yuan**[69](index=69&type=chunk) [Other Disclosures](index=23&type=section&id=3.5%20Other%20Disclosures) This section discloses potential risks faced by the company, including risks related to continuous product R&D and innovation, loss of core personnel and technology leakage, macroeconomic fluctuations and policy adjustments, and the challenge of continuously developing new customers - The company faces risks in continuous product R&D and innovation; if new products or technologies cannot be developed on schedule, or if new products lack competitive advantages, there may be R&D failure risks[70](index=70&type=chunk) - The company faces risks of core personnel loss and technology leakage; intensified market competition may lead to the loss of core personnel, which could result in technology leakage and weaken the company's competitive advantage[71](index=71&type=chunk) - The company's downstream industry is significantly affected by the macroeconomy; adjustments and fluctuations in the macroeconomy or major adverse changes in national macroeconomic and industrial policies could negatively impact the company's profitability and operating performance[72](index=72&type=chunk)[73](index=73&type=chunk) - The company faces risks in continuously developing new customers; if the company encounters difficulties in customer and market development due to declining product competitiveness or changes in downstream market demand in the future, it will adversely affect the company's performance[74](index=74&type=chunk) [Corporate Governance, Environment, and Society](index=24&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) [Profit Distribution or Capital Reserve Conversion Plan](index=24&type=section&id=4.2%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) This chapter primarily discloses the company's proposed profit distribution plan, explicitly stating that there is no profit distribution or capital reserve conversion plan for this semi-annual period - The proposed profit distribution plan or capital reserve conversion plan for this semi-annual period is "None"[76](index=76&type=chunk) [Significant Matters](index=26&type=section&id=Section%20V%20Significant%20Matters) [Fulfillment of Commitments](index=26&type=section&id=5.1%20Fulfillment%20of%20Commitments) This section details the commitments made by the company's actual controllers, shareholders, related parties, and the company itself regarding share lock-up, resolution of horizontal competition, related party transactions, property defects, truthfulness of the prospectus, share price stabilization, and measures to mitigate dilution of immediate returns, all of which were strictly fulfilled during the reporting period - The company's controlling shareholders and actual controllers, Fang Qingxi, Chen Guihua, and Fang Kai, committed not to transfer shares within **36 months** from the date of the company's stock listing, and to extend the lock-up period by **6 months** under specific conditions[80](index=80&type=chunk)[81](index=81&type=chunk) - The company, its actual controllers, directors, supervisors, and senior management committed that the prospectus contains no false records, misleading statements, or major omissions, and will bear corresponding legal liabilities[85](index=85&type=chunk)[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk) - The company, its major shareholders, directors, and senior management committed to taking measures such as share repurchase or increase in holdings to stabilize the share price when stabilization measures are triggered[92](index=92&type=chunk)[93](index=93&type=chunk)[94](index=94&type=chunk)[95](index=95&type=chunk)[96](index=96&type=chunk)[97](index=97&type=chunk) - The company, its actual controllers, directors, and senior management committed to taking measures such as strengthening supervision of fundraising projects, improving operational efficiency, and perfecting the profit distribution system to mitigate the dilution of immediate returns[97](index=97&type=chunk)[98](index=98&type=chunk)[99](index=99&type=chunk)[100](index=100&type=chunk) [Significant Contracts and Their Performance](index=49&type=section&id=5.11%20Significant%20Contracts%20and%20Their%20Performance) This section primarily discloses the company's significant guarantees performed and not yet fully performed during the reporting period, involving repurchase guarantees provided for customer financing lease businesses - The company provided a repurchase guarantee for its dealer, Shenyang Zhihe, for purchasing company equipment through a financing lease, with a guarantee amount not exceeding **40.25 Million Yuan**[105](index=105&type=chunk) - As of the end of the reporting period, the company's total external guarantee balance was **3.96 Million Yuan**, accounting for **0.30%** of the company's net assets[105](index=105&type=chunk) - This guarantee is a repurchase guarantee provided for customer financing lease business, falling within the scope of approval by the board of directors and shareholders' meeting[105](index=105&type=chunk)[106](index=106&type=chunk) [Explanation of Progress in Use of Raised Funds](index=51&type=section&id=5.12%20Explanation%20of%20Progress%20in%20Use%20of%20Raised%20Funds) This section explains the overall use of the company's raised funds and details of the fundraising projects, including the Xiantao Production Base Expansion and R&D Center Project, Smart IoT System Platform Project, and Supplementary Working Capital Project, also disclosing the cash management of idle raised funds - Total raised funds were **643.67 Million Yuan**, with net raised funds of **551.26 Million Yuan**[108](index=108&type=chunk) - As of the end of the reporting period, cumulative raised funds invested amounted to **135.76 Million Yuan**, with an investment progress of **24.63%**[108](index=108&type=chunk) [Overall Use of Raised Funds](index=51&type=section&id=5.12.1%20Overall%20Use%20of%20Raised%20Funds) As of the end of the reporting period, the company's initial public offering raised funds have cumulatively invested **135.76 Million Yuan**, with an investment progress of **24.63%**, and the amount invested in the current year is **0.87 Million Yuan** Overall Use of Raised Funds | Source of Raised Funds | Total Raised Funds (Ten Thousand Yuan) | Net Raised Funds (Ten Thousand Yuan) | Total Committed Investment of Raised Funds in Prospectus (Ten Thousand Yuan) | Total Raised Funds Cumulatively Invested as of End of Reporting Period (Ten Thousand Yuan) | Cumulative Investment Progress of Raised Funds as of End of Reporting Period (%) | Amount Invested in Current Year (Ten Thousand Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Initial Public Offering | 64,366.64 | 55,125.72 | 55,125.72 | 13,575.59 | 24.63 | 87.35 | [Details of Fundraising Projects](index=52&type=section&id=5.12.2%20Details%20of%20Fundraising%20Projects) This section details the specific investment status of fundraising projects, where the Xiantao Production Base Expansion and R&D Center Project and the Smart IoT System Platform Project experienced implementation delays due to plan optimization and technological iteration, while the Supplementary Working Capital Project has been over-completed - The Xiantao Production Base Expansion and R&D Center Project plans to invest **351.43 Million Yuan**, with no investment in the current period, cumulative investment of **0**, investment progress N/A, and is expected to reach its intended usable state by December 2026[109](index=109&type=chunk) - The Smart IoT System Platform Project plans to invest **69.83 Million Yuan**, with **0.87 Million Yuan** invested in the current year, cumulative investment of **3.90 Million Yuan**, investment progress of **5.59%**, and is expected to reach its intended usable state by December 2026[109](index=109&type=chunk) - The Supplementary Working Capital Project plans to invest **130 Million Yuan**, with no investment in the current period, cumulative investment of **131.85 Million Yuan**, investment progress of **101.43%**, and is completed[109](index=109&type=chunk) - The implementation progress of the Xiantao Production Base Expansion and R&D Center Project is delayed due to the company's optimization and demonstration of the original project plan[110](index=110&type=chunk) - The implementation progress of the Smart IoT System Platform Project is delayed because the iteration of new products and technologies imposes higher requirements on project implementation, affected by the R&D plan execution progress and system complexity[110](index=110&type=chunk) [Other Uses of Raised Funds During the Reporting Period](index=54&type=section&id=5.12.4%20Other%20Uses%20of%20Raised%20Funds%20During%20the%20Reporting%20Period) During the reporting period, the company used temporarily idle raised funds for cash management, with an approved limit not exceeding 450 Million Yuan, and the cash management balance at period-end was 438.85 Million Yuan, not exceeding the authorized limit - On April 23, 2025, the company's board of directors approved the use of temporarily idle raised funds not exceeding **450 Million Yuan** for cash management, with a term from the date of approval by the 2024 Annual Shareholders' Meeting until the date of the 2025 Annual Shareholders' Meeting[114](index=114&type=chunk) - As of the end of the reporting period, the cash management balance was **438.85 Million Yuan**, not exceeding the authorized limit[113](index=113&type=chunk) [Share Changes and Shareholder Information](index=55&type=section&id=Section%20VI%20Share%20Changes%20and%20Shareholder%20Information) [Changes in Share Capital](index=55&type=section&id=6.1%20Changes%20in%20Share%20Capital) During the reporting period, the company's total share capital remained unchanged at 108,406,667.00 shares - During the reporting period, the company's total share capital and share capital structure remained unchanged, with both the beginning and end of period total shares being **108,406,667.00** shares[116](index=116&type=chunk)[118](index=118&type=chunk) [Shareholder Information](index=56&type=section&id=6.2%20Shareholder%20Information) As of the end of the reporting period, the total number of ordinary shareholders was 12,055 This section details the shareholdings of the top ten shareholders, including the number of shares held, proportion, and restricted conditions, and explains the associated relationships between major shareholders - Total number of ordinary shareholders as of the end of the reporting period: **12,055** households[118](index=118&type=chunk) - The top three shareholders, Fang Qingxi, Chen Guihua, and Fang Kai, collectively hold **66.91%** of the company's shares, all being domestic natural persons with spousal, father-son, and mother-son relationships, respectively[120](index=120&type=chunk)[121](index=121&type=chunk)[123](index=123&type=chunk) - Among the top ten shareholders, Fang Qingxi, Chen Guihua, Fang Kai, and partnerships such as Quanzhou Zhicheng, Quanzhou Fangyao, Quanzhou Zhixin, and Quanzhou Fanghua hold a significant number of restricted shares, with the restriction period being **42 months** from the listing date[120](index=120&type=chunk)[122](index=122&type=chunk) [Bond-Related Information](index=59&type=section&id=Section%20VII%20Bond-Related%20Information) [Corporate Bonds and Non-Financial Enterprise Debt Financing Instruments](index=59&type=section&id=7.1%20Corporate%20Bonds%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) This chapter states that the company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments during the reporting period - The company has no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments[126](index=126&type=chunk) [Convertible Corporate Bonds](index=59&type=section&id=7.2%20Convertible%20Corporate%20Bonds) This chapter states that the company had no convertible corporate bonds during the reporting period - The company has no convertible corporate bonds[126](index=126&type=chunk) [Financial Report](index=60&type=section&id=Section%20VIII%20Financial%20Report) [Financial Statements](index=60&type=section&id=8.2%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity as of June 30, 2025, comprehensively presenting the company's financial position and operating results at the end of the reporting period - The consolidated balance sheet as of June 30, 2025, shows the company's total assets at **2,186,752,876.87 Yuan**, total liabilities at **848,088,228.87 Yuan**, and total owners' equity at **1,338,664,648.00 Yuan**[131](index=131&type=chunk)[132](index=132&type=chunk) - The consolidated income statement shows total operating revenue of **499,394,484.30 Yuan** and net profit of **57,762,409.09 Yuan** for the first half of 2025[138](index=138&type=chunk)[139](index=139&type=chunk) - The consolidated cash flow statement shows net cash flow from operating activities of **85,531,558.87 Yuan**, net cash flow from investing activities of **-176,799,871.01 Yuan**, and net cash flow from financing activities of **-29,172,859.42 Yuan** for the first half of 2025[145](index=145&type=chunk) [Consolidated Balance Sheet](index=60&type=section&id=8.2.1%20Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's total consolidated assets amounted to 2.187 Billion Yuan, with a high proportion of current assets, where financial assets held for trading and inventories are the main current assets In terms of liabilities, contract liabilities and notes payable are the main current liabilities Consolidated Balance Sheet Key Data (June 30, 2025) | Item | Amount (Yuan) | | :--- | :--- | | Cash and bank balances | 362,065,385.13 | | Financial assets held for trading | 510,177,610.20 | | Accounts receivable | 325,276,253.02 | | Inventories | 676,726,445.42 | | Total current assets | 2,054,651,763.91 | | Fixed assets | 92,011,274.90 | | Intangible assets | 28,279,615.46 | | Total non-current assets | 132,101,112.96 | | **Total Assets** | **2,186,752,876.87** | | Notes payable | 138,854,780.36 | | Accounts payable | 101,768,527.27 | | Contract liabilities | 454,719,325.07 | | Total current liabilities | 840,671,964.52 | | **Total Liabilities** | **848,088,228.87** | | Total equity attributable to owners of the parent company | 1,338,664,648.00 | | **Total Equity** | **1,338,664,648.00** | [Consolidated Income Statement](index=65&type=section&id=8.2.3%20Consolidated%20Income%20Statement) In the first half of 2025, the company's total operating revenue decreased by 16.49% year-on-year, and net profit decreased by 15.62% year-on-year Among various expenses, R&D expenses increased, and financial expenses were negative (income) Consolidated Income Statement Key Data (Jan-Jun 2025) | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | | :--- | :--- | :--- | | Total operating income | 499,394,484.30 | 598,035,747.25 | | Total operating costs | 449,237,954.33 | 532,207,530.94 | | Operating costs | 354,150,855.04 | 442,587,818.71 | | Selling expenses | 23,392,107.47 | 22,750,988.64 | | Administrative expenses | 25,761,247.75 | 24,412,147.07 | | R&D expenses | 43,815,120.93 | 39,909,209.24 | | Financial expenses | -2,644,969.19 | -3,662,967.46 | | Total profit | 61,307,900.79 | 71,095,259.66 | | Net profit | 57,762,409.09 | 68,453,463.46 | | Basic earnings per share (Yuan/share) | 0.53 | 0.63 | | Diluted earnings per share (Yuan/share) | 0.53 | 0.63 | [Consolidated Cash Flow Statement](index=69&type=section&id=8.2.5%20Consolidated%20Cash%20Flow%20Statement) In the first half of 2025, the company's net cash flow from operating activities significantly increased, net cash flow from investing activities was negative with increased outflows, and net cash flow from financing activities was negative with decreased outflows Consolidated Cash Flow Statement Key Data (Jan-Jun 2025) | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | | :--- | :--- | :--- | | Net cash flow from operating activities | 85,531,558.87 | 5,430,473.03 | | Net cash flow from investing activities | -176,799,871.01 | -7,743,897.71 | | Net cash flow from financing activities | -29,172,859.42 | -36,636,505.28 | | Net increase in cash and cash equivalents | -120,309,046.35 | -38,085,901.73 | | Cash and cash equivalents at end of period | 132,880,060.95 | 162,932,201.47 | - Total cash inflow from operating activities was **621,437,156.31 Yuan**, and total cash outflow from operating activities was **535,905,597.44 Yuan**[144](index=144&type=chunk)[145](index=145&type=chunk) - Total cash inflow from investing activities was **2,399,911,533.27 Yuan**, and total cash outflow from investing activities was **2,576,711,404.28 Yuan**[145](index=145&type=chunk) [Company Profile](index=81&type=section&id=8.3%20Company%20Profile) This section introduces Fujian NFLG Roadbuilding Machinery Co., Ltd.'s establishment history, changes in registered capital, stock listing status, and main operating activities The company was established in 1997, listed on the main board of the Shanghai Stock Exchange in 2022, and primarily engages in the production, R&D, and sales of roadbuilding machinery and engineering mixing machinery - The company's predecessor was Fujian NFLG Roadbuilding Machinery Co., Ltd., established on May 9, 1997, with its registered address at No. 700, Sports Street, High-tech Industrial Park, Fengze District, Quanzhou City[163](index=163&type=chunk) - On November 8, 2022, the company's shares were listed on the main board of the Shanghai Stock Exchange, with the stock abbreviation "NFLG" and stock code 603280 After the initial public offering, the company's share capital increased to **108,406,667.00 Yuan**[165](index=165&type=chunk) - The company's main operating activities include the production, R&D, and sales of roadbuilding machinery, engineering mixing machinery, and other construction machinery; installation of mechanical and electrical equipment; steel structure fabrication and steel structure engineering design[166](index=166&type=chunk) [Basis of Preparation of Financial Statements](index=82&type=section&id=8.4%20Basis%20of%20Preparation%20of%20Financial%20Statements) This section states that the company's financial statements are prepared on a going concern basis, adhering to the provisions of Accounting Standards for Business Enterprises and their application guidelines and interpretations, and disclosing financial information in accordance with relevant regulations of the China Securities Regulatory Commission The company assessed its going concern ability and found no affecting matters - The company's financial statements are prepared on a going concern basis, and recognition and measurement are performed in accordance with the Accounting Standards for Business Enterprises and their application guidelines and interpretations, based on actual transactions and events[168](index=168&type=chunk) - The company assessed its ability to continue as a going concern for **12 months** from the end of the reporting period and found no matters affecting its going concern ability, thus preparing financial statements on a going concern basis is reasonable[169](index=169&type=chunk) [Significant Accounting Policies and Estimates](index=82&type=section&id=8.5%20Significant%20Accounting%20Policies%20and%20Estimates) This section elaborates on the significant accounting policies and estimates adopted by the company in its financial reporting, covering business combinations, preparation of consolidated financial statements, financial instruments, inventories, contract assets, long-term equity investments, fixed assets, intangible assets, employee compensation, revenue recognition, government grants, deferred income tax, and leases, ensuring the accuracy and comparability of financial reports - The financial statements prepared by the company comply with the requirements of Accounting Standards for Business Enterprises, truly and completely reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows, among other relevant information[171](index=171&type=chunk) - The company's accounting year runs from January 1 to December 31 of the Gregorian calendar, with a normal operating cycle of one year, and the recording currency is RMB[172](index=172&type=chunk)[173](index=173&type=chunk)[174](index=174&type=chunk) - Financial assets are measured at fair value upon initial recognition, and subsequent measurement depends on their classification, including financial assets measured at amortized cost, at fair value through profit or loss, and at fair value through other comprehensive income[217](index=217&type=chunk) - The company recognizes revenue when it satisfies a performance obligation in the contract, i.e., when the customer obtains control of the relevant goods, and distinguishes revenue recognition at a point in time or over a period based on the type of performance obligation[341](index=341&type=chunk)[342](index=342&type=chunk)[344](index=344&type=chunk) [Financial Instruments](index=89&type=section&id=8.5.11%20Financial%20Instruments) This section details the company's accounting methods for the recognition and derecognition of financial instruments, classification and measurement (including financial assets and liabilities measured at amortized cost, at fair value through profit or loss, and at fair value through other comprehensive income), derivative financial instruments and embedded derivatives, impairment of financial instruments (expected credit loss measurement), and transfer and offsetting of financial assets - Financial assets are measured at fair value upon initial recognition; for financial assets measured at fair value through profit or loss, related transaction costs are directly recognized in current profit or loss, while for other categories of financial assets, related transaction costs are included in their initial recognition amount[217](index=217&type=chunk) - For financial assets measured at amortized cost, debt investments measured at fair value through other comprehensive income, contract assets, lease receivables, loan commitments, and financial guarantee contracts, the company recognizes loss provisions based on expected credit losses[231](index=231&type=chunk) - For notes receivable, accounts receivable, accounts receivable financing, and contract assets, regardless of whether a significant financing component exists, the company measures loss provisions based on expected credit losses over the entire lifetime[234](index=234&type=chunk) [Inventories](index=101&type=section&id=8.5.16%20Inventories) This section describes the company's inventory classification, issuance valuation method, inventory system, and criteria and methods for recognizing and providing for inventory impairment provisions, using the weighted average method for valuation, perpetual inventory system, and measuring inventory impairment provisions at the lower of cost and net realizable value - Inventories include finished goods or merchandise held for sale in the ordinary course of business, work-in-progress in the production process, and materials and supplies consumed in the production process or rendering of services[264](index=264&type=chunk) - The company uses the weighted average method for valuing inventories issued, and adopts the perpetual inventory system, with physical counts performed at least once a year[265](index=265&type=chunk)[266](index=266&type=chunk) - At the balance sheet date, inventories are measured at the lower of cost and net realizable value; if the cost of inventories is higher than their net realizable value, an inventory impairment provision is recognized and charged to current profit or loss[269](index=269&type=chunk) [Fixed Assets](index=107&type=section&id=8.5.21%20Fixed%20Assets) This section explains the company's recognition criteria and depreciation methods for fixed assets Fixed assets are recognized at their actual cost upon acquisition and depreciated using the straight-line method, with different depreciation periods and annual depreciation rates for different asset categories - Fixed assets are recognized at their actual cost upon acquisition when it is probable that economic benefits associated with the fixed asset will flow to the enterprise and the cost of the fixed asset can be measured reliably[292](index=292&type=chunk)[293](index=293&type=chunk) - Fixed assets are depreciated using the straight-line method, with a residual value rate of **5%**[295](index=295&type=chunk) Fixed Asset Depreciation Periods and Annual Depreciation Rates | Category | Depreciation Period (Years) | Residual Value Rate (%) | Annual Depreciation Rate (%) | | :--- | :--- | :--- | :--- | | Buildings and Structures | 20.00 | 5.00 | 4.75 | | Machinery and Equipment | 5.00-10.00 | 5.00 | 9.50-19.00 | | Transportation Equipment | 5.00 | 5.00 | 19.00 | | Other Equipment | 5.00 | 5.00 | 19.00 | | Office Equipment | 3.00-5.00 | 5.00 | 19.00-31.67 | [Intangible Assets](index=109&type=section&id=8.5.26%20Intangible%20Assets) This section describes the company's recognition, estimation of useful life, amortization methods for intangible assets, and the scope of capitalization and conditions for R&D expenditures Land use rights are amortized over their statutory useful life, computer software over its estimated useful life, and R&D expenditures are capitalized when specific conditions are met Estimated Useful Life of Intangible Assets with Finite Useful Lives | Item | Estimated Useful Life | Basis | | :--- | :--- | :--- | | Land Use Rights | 50 years | Statutory useful life | | Computer Software | 5 years | Determined based on the period expected to bring economic benefits to the company | - The scope of R&D expenditures includes employee compensation for R&D personnel, direct material costs, patent application fees, depreciation and long-term deferred expenses, intangible asset amortization expenses, and other expenses[307](index=307&type=chunk) - Expenditures in the development phase can only be recognized as intangible assets when they simultaneously meet conditions such as technical feasibility of completing the intangible asset, intention to complete and use or sell it, how the intangible asset will generate economic benefits, availability of sufficient technical and financial resources, and reliable measurement of expenditures attributable to the development phase[310](index=310&type=chunk)[311](index=311&type=chunk) [Revenue](index=117&type=section&id=8.5.34%20Revenue) This section details the company's accounting policies for revenue recognition and measurement, including the timing of revenue recognition, allocation of transaction prices, treatment of variable consideration, significant financing components, sales return clauses, warranty obligations, and customer unexercised contractual rights, distinguishing between different revenue recognition methods for goods sales contracts and service contracts - The company recognizes revenue when it satisfies a performance obligation in the contract, i.e., when the customer obtains control of the relevant goods[341](index=341&type=chunk) - Domestic sales revenue: If no installation and commissioning obligations are required, revenue is recogniz
南方路机(603280) - 南方路机关于修订《公司章程》并办理工商变更登记的公告
2025-08-29 11:34
证券代码:603280 证券简称:南方路机 公告编号:2025-051 福建南方路面机械股份有限公司 | 修订前 | 修订后 | | --- | --- | | 第一条 为维护福建南方路面机械 | 第一条 为维护福建南方路面机械 | | 股份有限公司(以下简称"公司"或"本 | 股份有限公司(以下简称"公司"或"本 | | 公司")、股东和债权人的合法权益,规 | 公司")、股东、职工和债权人的合法权 | | 范公司的组织和行为,根据《中华人民共 | 益,规范公司的组织和行为,根据《中华 | | 和国公司法》(以下简称"《公司法》")、 | 人民共和国公司法》(以下简称《公司 | | 《中华人民共和国证券法》(以下简称 | 法》)、《中华人民共和国证券法》(以 | | "《证券法》")、《上市公司章程指引》 | 下简称《证券法》)、《上市公司章程指 | | 和其他有关规定,制订本章程。 | 引》和其他有关规定,制定本章程。 | | 第八条 公司的董事长为公司法定 | 第八条 公司的董事长为代表公司 | | 代表人。董事长辞任的,视为同时辞去法 | 执行公司事务的董事,为公司法定代表 | 关于修订《公司章程》并 ...
南方路机(603280) - 南方路机2025年半年度募集资金存放与实际使用情况的专项报告
2025-08-29 11:34
福建南方路面机械股份有限公司 2025 年半年度募集资金存放与实际使用情况的 专项报告 证券代码:603280 证券简称:南方路机 公告编号:2025-050 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。 根据中国证券监督管理委员会《上市公司募集资金监管规则》和上海证券交易所《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》的规定,将福建南方路面机 械股份有限公司(以下简称"本公司"或"公司")2025 年半年度募集资金存放与使用情况 报告如下: 一、募集资金基本情况 经中国证券监督管理委员会《关于核准福建南方路面机械股份有限公司首次公开发 行股票的批复》(证监许可[2022]2347号)核准,公司首次公开发行股票数量为27,101,667 股,每股面值人民币1.00元,发行价格为每股人民币23.75元,募集资金总额为人民币 64,366.46万元,扣除各项发行费用9,240.74万元(不含增值税)后,实际募集资金净额 为人民币55,125.72万元,该募集资金已于2022年11月到账。容诚会计师事务所(特殊普 ...
南方路机股价下跌1.14% 5日均线下穿10日均线
Jin Rong Jie· 2025-08-21 18:22
Group 1 - The stock price of Southern Road Machinery is reported at 46.71 yuan, down 1.14% from the previous trading day [1] - The opening price for the day was 46.50 yuan, with a high of 47.38 yuan and a low of 45.28 yuan, resulting in a trading volume of 68,773 hands and a transaction amount of 316 million yuan [1] - Southern Road Machinery is primarily engaged in the research, production, and sales of engineering machinery equipment, including concrete mixing equipment and asphalt mixing equipment, operating within the specialized equipment manufacturing industry [1] Group 2 - The 5-day moving average for Southern Road Machinery is 51.73 yuan, while the 10-day moving average is 53.37 yuan, indicating a distance of -3.06% between the two averages [1] - The net outflow of main funds for the day was 10.88 million yuan, with a cumulative net outflow of 204.38 million yuan over the past five days [1]
南方路机8月20日龙虎榜数据
南方路机(603280)今日跌停,全天换手率29.02%,成交额3.89亿元,振幅8.08%。龙虎榜数据显示,营 业部席位合计净卖出2218.16万元。 上交所公开信息显示,当日该股因日跌幅偏离值达-11.05%上榜,营业部席位合计净卖出2218.16万元。 证券时报·数据宝统计显示,上榜的前五大买卖营业部合计成交6120.56万元,其中,买入成交额为 1951.20万元,卖出成交额为4169.36万元,合计净卖出2218.16万元。 具体来看,今日上榜营业部中,第一大买入营业部为东方财富证券股份有限公司拉萨金融城南环路证券 营业部,买入金额为478.63万元,第一大卖出营业部为国元证券股份有限公司临沂八一路证券营业部, 卖出金额为1445.71万元。 近半年该股累计上榜龙虎榜34次,上榜次日股价平均涨1.58%,上榜后5日平均涨5.33%。 资金流向方面,今日该股主力资金净流出5573.70万元,其中,特大单净流出2664.08万元,大单资金净 流出2909.62万元。近5日主力资金净流出1.07亿元。 4月25日公司发布的一季报数据显示,一季度公司共实现营业收入1.34亿元,同比下降28.96%,实现净 ...
海洋经济板块8月20日跌0.98%,中科海讯领跌,主力资金净流出19.04亿元
Sou Hu Cai Jing· 2025-08-20 09:20
Core Viewpoint - The marine economy sector experienced a decline of 0.98% on August 20, with Zhongke Haixun leading the drop, while the Shanghai Composite Index rose by 1.04% and the Shenzhen Component Index increased by 0.89% [1][2]. Group 1: Market Performance - The marine economy sector's stocks showed mixed performance, with notable gainers including Youfu Co. (up 5.40% to 8.20), Gangyan High-tech (up 4.14% to 18.37), and Qianeng Hengxin (up 3.98% to 20.91) [1]. - Conversely, Zhongke Haixun saw a significant drop of 13.73% to 56.48, followed by Southern Road Machinery down 10.00% to 47.25 [2]. Group 2: Trading Volume and Capital Flow - The marine economy sector recorded a net outflow of 1.904 billion yuan from institutional investors, while retail investors saw a net inflow of 1.797 billion yuan [2][3]. - The trading volume for Youfu Co. reached 881,200 shares with a transaction value of 718 million yuan, while Zhongke Haixun had a trading volume of 269,000 shares with a transaction value of 1.588 billion yuan [1][2]. Group 3: Individual Stock Capital Flow - Gangyan High-tech had a net inflow of 66.03 million yuan from institutional investors, while retail investors experienced a net outflow of 57.27 million yuan [3]. - Youfu Co. saw a net inflow of 62.68 million yuan from institutional investors, with retail investors also facing a net outflow of 63.38 million yuan [3].