[Company Profile and Key Financial Indicators](index=4&type=section&id=公司简介和主要财务指标) This section provides an overview of the company's basic information and presents its key accounting data and financial performance indicators for the reporting period [Company Basic Information](index=4&type=section&id=二、%20公司信息) During the reporting period, the company's basic information remained largely unchanged, with its stock abbreviation changing to *ST Sitong due to 2024 financial performance - The company's legal representative is Deng Jianhua[13](index=13&type=chunk) - The company's stock abbreviation changed from "Sitong Shares" to "**ST Sitong**"[18](index=18&type=chunk) [Key Accounting Data and Financial Indicators](index=5&type=section&id=七、%20公司主要会计数据和财务指标) In the first half of 2025, the company's operating revenue increased by 75.88% due to the consolidation of Dalian Yiwei New Material Co., Ltd., while net profit attributable to shareholders expanded to a loss of **RMB 16.20 million**, and net cash flow from operating activities significantly decreased to **RMB -62.66 million** Key Accounting Data | Item | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 173,729,613.67 RMB | 98,776,497.04 RMB | 75.88 | | Net Profit Attributable to Listed Company Shareholders | -16,200,587.94 RMB | -9,084,720.46 RMB | - | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-Recurring Items) | -21,326,688.99 RMB | -16,974,184.53 RMB | - | | Net Cash Flow from Operating Activities | -62,657,859.07 RMB | 2,002,935.84 RMB | -3,228.30 | | **Balance Sheet Indicators** | **End of Current Period** | **End of Prior Year** | **Change from Prior Year-End (%)** | | Net Assets Attributable to Listed Company Shareholders | 955,598,620.77 RMB | 986,182,871.12 RMB | -3.10 | | Total Assets | 1,033,745,734.29 RMB | 1,044,406,686.85 RMB | -1.02 | Key Financial Indicators | Item | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | -0.0506 | -0.0284 | - | | Weighted Average Return on Net Assets (%) | -1.6811 | -0.9170 | - | - The increase in operating revenue is primarily due to the consolidation of the newly acquired controlling subsidiary, Dalian Yiwei New Material Co., Ltd[20](index=20&type=chunk) - Total non-recurring gains and losses for the reporting period amounted to **RMB 5.13 million**, mainly from government subsidies and fair value changes in financial assets[22](index=22&type=chunk)[23](index=23&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=第三节%20管理层讨论与分析) This section provides a detailed discussion and analysis of the company's industry, business operations, core competencies, and key financial performance during the reporting period [Industry and Main Business](index=7&type=section&id=一、报告期内公司所属行业及主营业务情况说明) The company's main business is ceramic product development, production, and sales, with recent expansion into zirconium-titanium ore refining, facing industry green transformation and intense competition - The company is a new type of home ceramic supplier integrating R&D, design, production, and sales, with products covering daily-use, sanitary, and artistic ceramics[24](index=24&type=chunk) - During the reporting period, the company expanded into zirconium-titanium ore product refining, establishing a new growth driver[24](index=24&type=chunk) - The ceramic industry faces green transformation pressure under "carbon peaking and carbon neutrality" goals, with a clear trend towards industry consolidation and competition shifting to brand, quality, and technological innovation[26](index=26&type=chunk) [Discussion and Analysis of Operations](index=8&type=section&id=二、经营情况的讨论与分析) In the first half of 2025, the company achieved **RMB 174 million** in operating revenue, a 75.88% increase, but reported a net loss attributable to shareholders of **RMB 16.20 million**, focusing on market expansion, cost reduction, and investor relations - The company adopted a diversified business strategy, entering the new materials sector, with the zirconium-titanium ore refining business of its controlling subsidiary, Yiwei New Material, contributing stable performance growth[29](index=29&type=chunk) - The company strengthened lean management, optimizing processes across production, operations, and management to control non-essential expenses, reduce costs, and improve efficiency[29](index=29&type=chunk) [Analysis of Core Competencies](index=9&type=section&id=三、报告期内核心竞争力分析) The company's core competencies include its high-tech enterprise status with 55 patents, comprehensive product lines, significant energy-saving achievements, and successful expansion into upstream new materials - The company is a National High-Tech Enterprise, holding **55 authorized patents** and participating in the formulation and revision of **23 national and local technical standards**[32](index=32&type=chunk) - The company is one of the few domestic enterprises capable of large-scale production across daily-use, artistic, and sanitary home ceramics, offering customers one-stop procurement services[33](index=33&type=chunk) - The company achieved significant energy-saving results, with unit comprehensive energy consumption for daily-use ceramics and sanitary ceramics being only **53.35%** and **70.86%** of national advanced standards, respectively[36](index=36&type=chunk) - Through its controlling subsidiary, Dalian Yiwei New Material Co., Ltd., the company expanded into zirconium-titanium ore product refining, with products like titanium concentrate and zircon sand having broad market prospects[37](index=37&type=chunk) [Analysis of Key Operating Performance](index=10&type=section&id=四、报告期内主要经营情况) During the reporting period, the company experienced revenue growth without profit, with operating revenue increasing by 75.88% driven by domestic market expansion and new zirconium-titanium ore business, but operating costs rose faster, impacting profitability and cash flow Key Income Statement Items | Item | Current Period (RMB) | Prior Period (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 173,729,613.67 | 98,776,497.04 | 75.88 | Domestic order growth and new zirconium-titanium ore business | | Operating Cost | 170,018,378.45 | 88,811,282.89 | 91.44 | Increased in line with product sales revenue | | Administrative Expenses | 11,860,894.70 | 16,611,864.25 | -28.60 | Decrease in expense amortization | | Net Cash Flow from Operating Activities | -62,657,859.07 | 2,002,935.84 | -3,228.30 | Increase in payments for raw materials and employee salaries | Key Balance Sheet Items | Item | End of Current Period (RMB) | End of Prior Year (RMB) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 91,476,334.71 | 23,276,611.47 | 293.00 | Increase due to redemption of wealth management products in current period | | Inventory | 207,994,227.08 | 144,196,049.25 | 44.24 | Increase in raw materials for subsidiary Yiwei New Material | | Contract Liabilities | 15,696,024.91 | 9,283,922.75 | 69.07 | Increase in advance receipts in current period | - The company established Dalian Yiwei New Material Co., Ltd. in September 2024 as a joint venture with Yihe Mining Development Co., Ltd., holding an **80% controlling stake** and consolidating it into its financial statements[46](index=46&type=chunk) Subsidiary Performance | Company Name | Business Type | Operating Revenue (RMB 10k) | Net Profit (RMB 10k) | | :--- | :--- | :--- | :--- | | Chaozhou Lvhuan Ceramic Resource Comprehensive Utilization Co., Ltd. | Waste Ceramic Recycling | 401.06 | -82.42 | | Guangdong Sitong Ceramic Co., Ltd. | Ceramic Manufacturing and Sales | - | -18.27 | | Dalian Yiwei New Material Co., Ltd. | Ore Dressing, Ore Sales | 6,779.48 | -617.24 | [Risk Warnings](index=15&type=section&id=(一)%20可能面对的风险) The company faces significant risks including foreign exchange fluctuations, inventory impairment, project implementation delays, and a major delisting risk warning due to its 2024 financial performance - **Exchange Rate Risk**: Export business is primarily settled in USD, and exchange rate fluctuations may impact revenue and competitiveness[50](index=50&type=chunk) - **Inventory Impairment Risk**: A large inventory scale across diverse products may lead to significant impairment if sales fall short of expectations[50](index=50&type=chunk) - **Project Implementation Risk**: The "SMC Composite Material Lightweight Civil Air Defense Door Project" has not yet commenced due to the downturn in the real estate market and policy reforms[51](index=51&type=chunk) - **Delisting Risk**: The company's stock trading has been subject to delisting risk warning because its audited net profit for 2024 was negative and operating revenue was below **RMB 300 million**[51](index=51&type=chunk) [Corporate Governance](index=16&type=section&id=第四节%20公司治理、环境和社会) This section details changes in the company's senior management and its proposed profit distribution plan for the reporting period [Executive Changes and Profit Distribution](index=16&type=section&id=一、公司董事、监事、高级管理人员变动情况) During the reporting period, three Vice General Managers resigned for personal reasons, and the company proposed no profit distribution or capital reserve conversion for the half-year - Company Vice General Managers Cai Zhenmao, Cai Zhenpeng, and Cai Zhenfeng resigned from all their positions in the company and its subsidiaries on June 5, 2025, due to personal reasons[54](index=54&type=chunk) - The company's proposed half-year profit distribution plan is to make no distribution and no capital reserve conversion[55](index=55&type=chunk) [Significant Matters](index=17&type=section&id=第五节%20重要事项) This section covers the company's fulfillment of commitments and the share increase plan initiated by the controlling shareholder to boost market confidence [Commitment Fulfillment and Share Increase by Shareholders](index=17&type=section&id=一、承诺事项履行情况) The company and related parties strictly fulfilled all commitments, while the controlling shareholder initiated a share increase plan, having already increased holdings by **1,124,100 shares** to boost market confidence - All commitments made by the company's actual controller, shareholders, directors, supervisors, and senior management, whether during or continuing into the reporting period, were strictly and timely fulfilled[58](index=58&type=chunk)[59](index=59&type=chunk)[60](index=60&type=chunk) - Controlling shareholder and actual controller Huang Jianping and his concerted parties plan to increase their holdings in the company's shares, with a total amount of no less than **RMB 10 million** and no more than **RMB 20 million**. As of the end of the reporting period, Mr. Huang Jianping had increased his holdings by **1,124,100 shares**, accounting for **0.35%** of the total share capital[52](index=52&type=chunk) [Share Changes and Shareholder Information](index=24&type=section&id=第六节%20股份变动及股东情况) This section provides an overview of the company's shareholder structure, including the total number of shareholders and the holdings of its top ten shareholders [Shareholder Structure](index=24&type=section&id=二、股东情况) As of the reporting period end, the company's total shares and capital structure remained unchanged, with **8,325 common shareholders**, and controlling shareholder Huang Jianping's stake increasing to **28.02%** - As of the end of the reporting period, the company had a total of **8,325 common shareholders**[69](index=69&type=chunk) Top Ten Shareholders | Shareholder Name | Shares Held at Period-End (shares) | Percentage (%) | | :--- | :--- | :--- | | Huang Jianping | 89,658,132 | 28.02 | | Cai Zhencheng | 14,476,995 | 4.52 | | Cai Zhenhuang | 14,437,101 | 4.51 | | Cai Zhenfeng | 14,436,351 | 4.51 | | Cai Zhenmao | 14,436,351 | 4.51 | | Li Weixiang | 14,436,351 | 4.51 | | Cai Zhentong | 14,436,351 | 4.51 | | Xie Yuezen | 13,334,000 | 4.17 | | Deng Jianhua | 13,334,000 | 4.17 | | Ma Yan Jun | 4,533,500 | 1.42 | - Explanation of shareholder relationships: Huang Jianping, Xie Yuezen, and Deng Jianhua are concerted parties; Cai Zhencheng, Cai Zhenmao, Cai Zhenfeng, Cai Zhentong, Cai Zhenhuang, and Li Weixiang's spouse Cai Zhenpeng are siblings and also concerted parties[72](index=72&type=chunk) [Financial Report](index=28&type=section&id=第八节%20财务报告) This section presents the company's unaudited consolidated financial statements, including key figures from the balance sheet, income statement, and cash flow statement, along with selected notes [Financial Statement Summary](index=28&type=section&id=二、财务报表) This half-year financial report is unaudited, showing total assets of **RMB 1.034 billion**, owner's equity attributable to parent company of **RMB 955.60 million**, operating revenue of **RMB 173.73 million**, net loss attributable to parent company of **RMB 16.20 million**, and net cash outflow from operating activities of **RMB 62.66 million**, indicating financial challenges - This half-year report is unaudited[5](index=5&type=chunk)[78](index=78&type=chunk) Consolidated Financial Statement Summary | Consolidated Statement Summary | June 30, 2025 / Jan-Jun 2025 (RMB) | | :--- | :--- | | **Balance Sheet** | | | Total Assets | 1,033,745,734.29 | | Total Liabilities | 78,424,008.00 | | Owner's Equity Attributable to Parent Company | 955,598,620.77 | | **Income Statement** | | | Total Operating Revenue | 173,729,613.67 | | Total Operating Costs | 193,394,665.53 | | Net Profit Attributable to Parent Company Shareholders | -16,200,587.94 | | **Cash Flow Statement** | | | Net Cash Flow from Operating Activities | -62,657,859.07 | [Notes to Consolidated Financial Statements (Selected)](index=66&type=section&id=七、合并财务报表项目注释) Financial notes reveal operating details, with revenue growth from zirconium industry and daily-use ceramics, significant inventory increase due to new materials, and the newly consolidated Dalian Yiwei New Material Co., Ltd. reporting a loss Operating Revenue Breakdown (by Product Type) | Product Type | Revenue (RMB) | Cost (RMB) | | :--- | :--- | :--- | | Daily-Use Ceramics | 65,046,532.17 | 61,572,677.50 | | Sanitary Ceramics | 27,148,106.44 | 26,235,830.69 | | Artistic Ceramics | 11,719,594.66 | 10,817,896.63 | | Zirconium Industry | 67,794,819.09 | 69,847,857.34 | | **Total** | **173,729,613.67** | **170,018,378.45** | Inventory Classification | Inventory Category | Book Value at Period-End (RMB) | Book Value at Period-Start (RMB) | | :--- | :--- | :--- | | Raw Materials | 42,167,216.20 | 39,719,409.11 | | Inventory Goods | 150,208,775.91 | 99,898,025.73 | | **Total** | **207,994,227.08** | **144,196,049.25** | - The company established a new controlling subsidiary, "Dalian Yiwei New Material Co., Ltd.", primarily engaged in non-ferrous metal mining and dressing, with the company directly holding an **80% stake**[327](index=327&type=chunk) - Dalian Yiwei New Material Co., Ltd., a significant non-wholly owned subsidiary, has a **20% minority interest**, and the loss attributable to minority shareholders for this period was **RMB -1.23 million**[329](index=329&type=chunk)

Core Viewpoint - The company aims to achieve a revenue target of 35,000 million yuan for 2025, with a strong focus on operational efficiency and market expansion in both domestic and international markets [1][2]. Group 1: Financial Performance and Goals - As of the first half of 2025, the company expects to achieve revenue between 16,500 million and 19,500 million yuan, indicating that it is on track to meet its annual goals [1]. - The overall market demand is expected to recover in 2025, with ceramic products maintaining stable development trends due to their essential nature in daily life [1]. Group 2: Business Strategy and Market Expansion - The company plans to actively expand into the high-end market for household ceramics by optimizing product structure and enhancing customer service systems [2]. - There will be a focus on upgrading the production capacity and technological innovation of zircon-titanium mineral refining products to create new growth points for performance [2]. - The company is committed to improving financial management and operational efficiency through supply chain optimization and production process improvements [2].

Group 1: General Information - The research object is Sitong Co., Ltd., belonging to the decoration and building materials industry, and the reception time was on July 7, 2025. The listed company's reception staff included the board secretary, CFO Zhang Ping, and the securities affairs representative Chen Chuan [17] - The research was participated by securities companies such as CITIC Securities, GF Securities, and China Merchants Securities [18] Group 2: Core Views - The company aims to achieve an operating income of 350 million - 420 million yuan in 2025. As of H1 2025, it expects to achieve an operating income of 165 million - 195 million yuan, nearly half of the target. It will strive to complete the annual operating target in H2 [21] - The zirconium - titanium ore refining business supports the company's performance steadily with the progress of process technology, increased production capacity, and accumulated customer resources [21] - In H2 2025, the company will expand the high - end market of household porcelain, optimize product structure and customer service, and promote the production capacity upgrade and technological innovation of zirconium - titanium ore products to create new growth points [21] - The company will strengthen financial management, implement cost - reduction and efficiency - improvement measures, and improve operating efficiency to eliminate the delisting risk warning [22] - In H1 2025, the company expanded the domestic market while consolidating overseas customers. Its business is expected to maintain good growth in H2 [23]

证券代码：603838 证券简称：四通股份 广东四通集团股份有限公司 投资者关系活动记录表 投资者关系活动类 别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他（电话会议） 参与人员 中信证券、广发证券、招商证券 会议时间 2025 年 7 月 7 日 会议地点及形式 线上 上市公司接待人员 董事会秘书、财务总监：张平 证券事务代表：陈钏 投资者关系活动 主要内容介绍 主要交流问题： 1、2025 年经营目标完成进展如何？ 答：根据公司 2025 年经营目标，预计 2025 年实现营业收入 35,000- 42,000 万元，将围绕全年经营目标的实现在生产流程、销售业务、品牌建 设、公司治理等方面持续发力。 截至 2025 年上半年，公司预计实现营业收入 16,500-19,500 万元，已 完成目标任务近半，下半年将继续按照全年经营目标全力以赴，力争完成 年度经营目标。 2、公司上半年的新业务锆钛矿精炼业务开展情况怎么样？ 答：随着工艺技术不断进步和产能提升，客户资源的不断积累，公司 持续加大这块业务的拓展力度，对公司业绩形成稳定的支撑作用。 3、下半年 ...

Group 1 - The A-share market has seen an acceleration in the disclosure of semi-annual performance forecasts, with 54 companies announcing their forecasts as of July 6, 2025, indicating a slight increase of 11 companies, 3 companies turning losses into profits, 4 companies maintaining profits, and 21 companies expecting profit growth [1][4] - Companies like Taotao Automotive (301345) have expressed confidence in continued growth for the second half of the year, expecting a net profit of 310 million to 360 million yuan for the first half of 2025, representing a year-on-year increase of 70.34% to 97.81% [2][4] - Jingbeifang (002987) experienced significant stock price fluctuations after intensive institutional research, with a cumulative price deviation exceeding 20% over three consecutive trading days [2][4] Group 2 - Chipong Micro (芯朋微) expects a revenue of approximately 630 million yuan for the first half of 2025, an increase of about 176 million yuan or 38% year-on-year, with a net profit forecast of around 90 million yuan, reflecting a growth of approximately 104% [4] - Daotong Technology (道通科技) anticipates a net profit of 460 million to 490 million yuan for the first half of 2025, representing a year-on-year growth of 19% to 26.76% [4] - Changchuan Technology (长川科技) projects a net profit of 360 million to 420 million yuan for the first half of 2025, indicating a year-on-year increase of 67.54% to 95.46% due to rapid growth in the integrated circuit industry and strong customer demand [5]

Group 1 - The core viewpoint of the articles highlights the significant revenue growth of Sitong Co., Ltd. (四通股份), with an expected revenue of 165 million to 195 million yuan for the first half of 2025, representing a year-on-year increase of 67.04% to 97.42% [1] - The company attributes its revenue growth to the successful implementation of sales tasks, new product development, and active customer resource expansion through exhibition marketing, resulting in a notable increase in sales orders [1] - The zircon-titanium mineral refining business of the subsidiary Dalian Yiwei New Materials Co., Ltd. has contributed stable performance growth, while the home ceramic business has achieved steady growth through product structure optimization [1] Group 2 - Sitong Co., Ltd. is a comprehensive supplier of new home life ceramics, providing daily-use, artistic, and sanitary ceramics, and exports to over 100 countries and regions globally [1] - The company has established itself as one of the few domestic enterprises capable of offering a full range of high-quality home life ceramic products through independent research and technological innovation [1] - In addition to its core home life ceramics business, the company is expanding upstream into the zircon-titanium mineral refining business, seeking new development points [1][2] - The investment in Dalian Yiwei New Materials Co., Ltd. is expected to become a new growth point for the company, with the zircon and titanium materials having broad market potential in emerging fields such as aerospace and new energy batteries [2] - The company plans to further develop fine processing of new materials, which will enhance product added value and profitability [2]

Key Points - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets on July 4, providing insights for investors [2] Group 1: Major Corporate Actions - China Shipbuilding Industry Corporation's absorption and merger with China Shipbuilding Industry Group has been approved by the Shanghai Stock Exchange, pending further regulatory approvals [3] - Aerospace Hongtu's controlling shareholder's action party plans to transfer 5.1% of the company's shares to a private equity fund at a price of 19 yuan per share, totaling 253 million yuan [4] - Guotou Zhonglu plans to acquire 100% of China Electronic Engineering Design Institute through a share issuance, with the transaction price yet to be determined [5] - Haitai Development intends to transfer 100% of its subsidiary's equity for 90.6595 million yuan, aiming to optimize its asset structure [6] - Gensun Bio plans to invest approximately 150 million yuan to build an intelligent production and R&D base, expected to be completed by 2028 [7] - Xinhua Insurance intends to invest 11.25 billion yuan to subscribe to a private equity fund, which has a total size of 22.5 billion yuan [8] - Huaming Equipment has raised its share repurchase fund limit from 200 million yuan to 250 million yuan [9] - Aotewei's controlling shareholders plan to transfer 4.99% of the company's shares through a pricing inquiry [10] - Jianke Institute plans to publicly transfer 40% of its stake in Hubei Jiansheng Engineering Technology Consulting Co., Ltd. [11] - Aerospace Electronics plans to increase capital in its subsidiary to enhance its capabilities in unmanned systems [12] Group 2: Financial Performance - Jin Xin Nong reported a 1.23% year-on-year decline in pig sales revenue for the first half of 2025, totaling 763 million yuan [14] - Tianbang Food's June pig sales revenue decreased by 4.01% month-on-month, with a total of 4.143 billion yuan for the first half of 2025 [15] - GAC Group's June automobile sales fell by 8.22% year-on-year, with a total of 755,300 vehicles sold in the first half of 2025, down 12.48% [16] - Pulite expects a net profit increase of 38.88% to 66.65% for the first half of 2025, driven by growth in modified materials and new energy businesses [18] - Zhuye Group anticipates a net profit increase of 50.97% to 75.23% for the first half of 2025, benefiting from rising precious metal prices [19] - Xindong Lian Ke expects a net profit increase of 144.46% to 199.37% for the first half of 2025, supported by sufficient orders and revenue growth [20] - Zhongce Rubber forecasts a net profit decrease of 6.3% to 11.81% for the first half of 2025, due to a one-time gain in the previous year [21] - *ST Sihua expects a net loss of 11 million to 17 million yuan for the first half of 2025, despite significant sales order growth [22] - Sankeshu anticipates a net profit increase of 80.94% to 119.04% for the first half of 2025, driven by growth in retail business and improved gross margins [23] Group 3: Major Contracts and Shareholding Changes - Hongsheng Huayuan's subsidiary is expected to win a bid for a project worth approximately 1.127 billion yuan from the Southern Power Grid [25] - Times New Materials signed contracts worth approximately 2.711 billion yuan for wind turbine blade sales in the second quarter of 2025 [26] - Guojian Group's controlling shareholder reduced its holdings of convertible bonds by 900,000 units, accounting for 11.25% of the total issuance [27] - Yue Wanniang's controlling shareholder plans to reduce its stake by up to 6% through various trading methods [28] - Maipu Medical's shareholder plans to reduce its stake by up to 665,100 shares, representing 0.9999% of the total shares [29] - Jiulian Technology's directors and senior management plan to reduce their holdings by up to 2.61% of the total shares [30] - *ST Huawang's shareholder plans to reduce its stake by up to 1.76% through trading methods [32]

Corporate Announcements - Aerospace Hongtu's controlling shareholder plans to transfer 5.1% of the company's shares, totaling 13.33 million shares at a price of 19 yuan per share, amounting to 253 million yuan [3] - Haitai Development intends to transfer 100% equity of its subsidiary for 90.66 million yuan, which is part of its strategic transformation to optimize asset structure [4] - G-Biosciences plans to invest approximately 150 million yuan to build an intelligent production and R&D base, expected to be completed by 2028 [5] - New China Life Insurance intends to invest 11.25 billion yuan to subscribe to a private fund, which has a total scale of 22.5 billion yuan [6] - Huaming Equipment has increased its share repurchase fund limit from 200 million yuan to 250 million yuan [7] Performance Updates - Jinxinnong reported a 1.23% year-on-year decline in pig sales revenue for the first half of 2025, totaling 763 million yuan [9] - Tianbang Foods reported a 4.01% month-on-month decline in June sales revenue for commodity pigs, totaling 675 million yuan [10] - GAC Group's June automobile sales were 150,100 units, a year-on-year decrease of 8.22% [11] - Pulit expects a net profit of 200 million to 240 million yuan for the first half of 2025, a year-on-year increase of 38.88% to 66.65% [12] - Zhuyue Group anticipates a net profit of 560 million to 650 million yuan for the first half of 2025, a year-on-year increase of 50.97% to 75.23% [14] - Xindong Lianke expects a net profit of 138 million to 169 million yuan for the first half of 2025, a year-on-year increase of 144.46% to 199.37% [15] - Zhongce Rubber expects a net profit of 2.24 billion to 2.38 billion yuan for the first half of 2025, a year-on-year decrease of 6.3% to 11.81% [16] - ST Sitong anticipates a net loss of 11 million to 17 million yuan for the first half of 2025, compared to a loss of 9.08 million yuan in the same period last year [17] Major Contracts - Hongsheng Huayuan's subsidiary is expected to win a bid for a Southern Power Grid project worth approximately 1.127 billion yuan, accounting for 11.12% of the company's 2024 revenue [19] - Times New Materials signed contracts worth approximately 2.711 billion yuan for wind turbine blade sales in the second quarter of 2025 [20] Shareholding Changes - Guojian Group's controlling shareholder reduced its holdings of convertible bonds by 900,000 units, accounting for 11.25% of the total issuance [22]

一、本期业绩预告情况 （一）业绩预告期间 证券代码：603838 证券简称：四通股份 公告编号：2025-030 广东四通集团股份有限公司 2025 年半年度业绩预亏公告 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： （一）2025 年半年度预计实现营业收入为 16,500 万元到 19,500 万元，同 比增涨为 67.04%-97.42%。公司围绕年度经营目标，持续推进销售任务落实，通 2025 年 1 月 1 日至 2025 年 6 月 30 日。 （二）业绩预告情况 经公司财务部门初步测算，预计 2025 年半年度实现归属于母公司所有者的 净利润为-1,700 万元到-1,100 万元。 预计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益的净利润 为-2,200 万元到-1,600 万元。 （三）本次所预计的业绩未经注册会计师审计。 二、上年同期经营业绩和财务状况 （一）利润总额：-896.16 万元。归属于母公司所有者的净利润：-908.47 万元。归属于母公司所有者的扣除非经常性损益 ...

Summary of Key Points - The company, Sito Group, expects to achieve a net profit attributable to the parent company owners of between -17 million and -11 million yuan for the first half of 2025 [1] - The company anticipates a net profit attributable to the parent company owners, after deducting non-recurring gains and losses, to be between -22 million and -16 million yuan for the first half of 2025 [1]