Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management to improve fund efficiency while ensuring that it does not affect the normal implementation of its investment projects [2][4][6]. Fundraising Basic Situation - The company raised a total of RMB 759,999,198.51 through a non-public issuance of 51,806,353 shares at RMB 14.67 per share, with a net amount of RMB 752,972,966.10 after deducting issuance costs [1][2]. Cash Management Basic Situation - The company intends to use up to RMB 30 million of the temporarily idle raised funds for cash management, which can be rolled over within a 12-month period from the board's approval date [2][4]. - The purpose of cash management is to enhance fund efficiency and reduce financial costs while ensuring the safety of the raised funds [2][4]. Investment Project Changes - The company has approved the change and completion of the "Lightweight Automotive Aluminum Components Intelligent Production Base Project" and will invest the remaining raised funds into a new project for the construction of a production line for high-strength fasteners [3][4]. Risk Analysis and Control Measures - The company plans to invest in low-risk, high-liquidity products such as structured deposits and large-denomination certificates of deposit, with overall risks being controllable [4]. - Measures will be taken to ensure the safety of funds and to avoid impacting the normal progress of investment projects [4][5]. Impact on the Company - The cash management plan is designed to ensure that it does not change the purpose of the raised funds or affect the company's main business operations, thereby providing better returns for the company and its shareholders [5][6]. Review Procedures - The board and supervisory board have approved the cash management proposal, complying with relevant laws and regulations, and ensuring that there is no disguised change in the use of raised funds [6].

Core Viewpoint - Changhua Holding Group Co., Ltd. reported a significant decline in revenue and net profit for the first half of 2025, attributed to decreased sales from Japanese clients and ongoing capacity ramp-up challenges in some investment projects [2][12][19]. Company Overview and Financial Indicators - The company operates in the automotive parts manufacturing sector, focusing on metal components [3][4]. - Key financial metrics for the first half of 2025 include: - Revenue: CNY 949.71 million, down 17.77% year-on-year - Total profit: CNY 29.23 million, down 53.84% - Net profit attributable to shareholders: CNY 33.36 million, down 46.14% - Net cash flow from operating activities: CNY 114.03 million, down 56.63% [2][3][4]. Industry Context - The automotive industry remains a crucial pillar of China's economy, with significant growth in production and sales, particularly in the new energy vehicle (NEV) segment [11][12]. - In the first half of 2025, China's automotive production and sales reached 15.62 million and 15.65 million units, respectively, marking year-on-year growth of 12.5% and 11.4% [12][13]. - NEV sales accounted for 44.3% of total new car sales, indicating a shift towards electrification in the market [13][14]. Business Model and Operations - The company employs a sales-driven production model, aligning production plans with customer orders and inventory levels [8][9]. - It has established a comprehensive supply chain management system, integrating various digital tools for efficient production and inventory management [21][22]. - The company maintains long-term relationships with major automotive manufacturers, providing customized products primarily through a direct supply model [9][10]. Competitive Advantages - The company has a strong customer base, including major global automotive brands, which enhances its market stability and reduces supply chain risks [19][20]. - It has developed a diverse product line, including high-strength fasteners and aluminum castings, and maintains a full-process manufacturing capability [4][5][22]. - The company is actively expanding into new markets, such as low-altitude economy and humanoid robotics, leveraging its existing technological expertise [15][18]. Research and Development - The company invests significantly in R&D, with a focus on high-value, high-precision products, and has established multiple R&D centers across China [17][18]. - It holds 276 patents, including 39 invention patents, reflecting its commitment to innovation and technological advancement [17][18]. Future Outlook - The company anticipates continued growth in the NEV sector and is expanding its production capacity to meet increasing demand [12][16]. - It is also exploring new applications for its products in emerging markets, such as solar energy and low-altitude flying vehicles, to diversify its revenue streams [12][15].

| 长华控股集团股份有限公司2025 | | 年半年度报告摘要 | | | | --- | --- | --- | --- | --- | | 公司代码：605018 | | 公司简称：长华集团 | | | | 长华控股集团股份有限公司 | | | | | | 长华控股集团股份有限公司2025 | | 年半年度报告摘要 | | | | | 第一节 重要提示 | | | | | 规划，投资者应当到 | http://www.sse.com.cn | 网站仔细阅读半年度报告全文。 | | | | 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | | 本报告期不进行利润分配或公积金转增股本。 | | | | | | 第二节 | 公司基本情况 | | | | | | 公司股票简况 | | | | | 股票种类 股票上市交易所 | | 股票简称 股票代码 | | 变更前股 | | 票简称 | | | | | | A股 上海证券交易所 | | 长华集团 605018 | | 长华股份 | | 联系人和联系方式 | 董事会秘书 | | | 证券事务代表 | | 姓名 章培嘉 | ...

Meeting Overview - The third meeting of the board of directors of Changhua Holdings Group Co., Ltd. was held on August 27, 2025, with all 7 directors present [1][2] - The meeting was conducted in accordance with relevant laws and regulations [1] Resolutions Passed - The board approved the full text and summary of the 2025 semi-annual report, which is available on the Shanghai Stock Exchange website [1][2] - A special report on the storage and actual use of raised funds for the first half of 2025 was also approved [2] - The board agreed to use part of the temporarily idle raised funds for cash management [2] - A proposal to cancel the supervisory board and amend the company's articles of association was approved, with the supervisory board's responsibilities being transferred to the audit committee [2][3] - The board passed a resolution to formulate and amend certain governance systems to enhance the company's governance structure [3][4] - A proposal to convene the first temporary shareholders' meeting of 2025 was approved [4]

Group 1 - The company Longhua Group (605018.SH) reported a revenue of 950 million yuan for the first half of 2025, representing a year-on-year decrease of 17.77% [1] - The net profit attributable to the parent company was 33.36 million yuan, down 46.14% year-on-year [1] - The net profit after deducting non-recurring items was 24.67 million yuan, a decline of 54.63% compared to the previous year [1] - The basic earnings per share stood at 0.07 yuan [1]

证券日报网讯 8月27日晚间，长华集团发布公告称，公司第三届监事会第八次会议审议通过了《关于全 文及摘要的议案》等多项议案。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 8月27日晚间，长华集团发布公告称，公司第三届董事会第十次会议审议通过了《关于全 文及摘要的议案》等多项议案。 ...

Core Viewpoint - Changhua Group plans to utilize part of its temporarily idle raised funds for cash management, aiming to enhance fund efficiency while ensuring it does not affect the construction of investment projects [1][3]. Group 1: Cash Management Plan - The company intends to use no more than RMB 30 million of temporarily idle raised funds for cash management within a 12-month period from the board's approval [1][2]. - The cash management aims to reduce financial costs and increase cash returns, benefiting the company and its shareholders [1][3]. Group 2: Fund Sources and Investment Strategy - The funds come from the company's non-public stock issuance in 2022, which raised a total of approximately RMB 760 million, with a net amount of about RMB 753 million after deducting issuance costs [2]. - The investment strategy includes purchasing low-risk, highly liquid principal-protected products such as structured deposits and large certificates of deposit [2][3]. Group 3: Risk Control Measures - The company has established a series of risk control measures, including strict selection of investment targets, real-time monitoring of financial products, and maintaining a management ledger [3]. - The supervisory board and the sponsor institution have expressed agreement with the cash management plan, indicating a consensus on its implementation [3].

东吴证券股份有限公司关于长华控股集团股份有限公司使 用部分暂时闲置募集资金进行现金管理的核查意见 东吴证券股份有限公司（以下简称"东吴证券"或"保荐机构"）作为长华控股 集团股份有限公司（以下简称"长华集团"或"公司"）非公开发行股票的保荐机构， 根据《证券发行上市保荐业务管理办法》、《上海证券交易所股票上市规则》、 《上市公司募集资金监管规则》、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，对长华集团使用部分暂时闲置募集资金进行现金 管理之事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准浙江长华汽车零部件股份有限公司非 公开发行股票的批复》（证监许可〔2021〕3676 号）核准，公司非公开发行人 民币普通股（A 股）51,806,353 股，每股发行价为人民币 14.67 元，募集资金总 额为人民币 759,999,198.51 元，扣除各项发行费用（不含税）人民币 7,026,232.41 元，实际募集资金净额为人民币 752,972,966.10 元。募集资金已于 2022 年 3 月 9 日存入募集资金专户，立信会计师事务所（特殊普通 ...

长华控股集团股份有限公司 董事、高级管理人员所持本公司股份及其变动管理制度 第一章 总则 第五条 公司董事和高级管理人员应当在公司申请股份初始登记时，委托公 司向上海证券交易所和中国证券登记结算有限责任公司上海分公司申报其个人 身份信息（包括姓名、担任职务、身份证件号码等），并申请将登记在其名下的 所有本公司股份按相关规定予以管理。 第六条 公司董事和高级管理人员所持本公司股份在下列情形下不得 1 转让： （一）本公司股票上市交易之日起 1 年内； 第一条 为加强对长华控股集团股份有限公司（以下简称"公司"）董事和 高级管理人员所持本公司股份及其变动的管理，维护证券市场秩序，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》）、《上市公司董事和高级管理人员所持本公司股份及其变动 管理规则》《上市公司股东减持股份管理暂行办法》《上海证券交易所上市公司 自律监管指引第 15 号——股东及董事、高级管理人员减持股份》等法律、行政 法规、部门规章、规范性文件（以下统称法律法规），以及《上海证券交易所股 票上市规则》（以下简称《股票上市规则》）等规定，结合公司实际情况， ...