Core Insights - The core point of the article is the disclosure of institutional ownership in Yingfeng Co., Ltd. as of August 26, 2025, highlighting a slight decrease in the proportion of shares held by institutional investors compared to the previous quarter [1] Institutional Ownership - As of August 26, 2025, a total of four institutional investors disclosed holding shares in Yingfeng Co., Ltd., with a combined holding of 265 million shares, representing 60.27% of the total share capital [1] - The institutional investors include Zhejiang Zheyu Holdings Group Co., Ltd., Hainan Yingfeng Linghang Venture Capital Partnership (Limited Partnership), Zhejiang Shaoxing Yingfeng Century Investment Partnership (Limited Partnership), and Zhejiang Shaoxing Huyin Shuangli Investment Partnership (Limited Partnership) [1] - Compared to the previous quarter, the total proportion of shares held by institutional investors decreased by 0.04 percentage points [1]

Group 1 - The company appointed Mr. Yao Yong as the new secretary of the board following the resignation of Ms. Ni Huifang due to work adjustments [2] - For the fiscal year 2024, the company's revenue composition is as follows: dyeing accounts for 98.72% and other businesses account for 1.28% [2]

Company Summary - Yingfeng Co., Ltd. (SH 605055) announced the convening of its third board meeting on August 26, 2025, to review the 2025 semi-annual report and related documents [1] - For the fiscal year 2024, Yingfeng's revenue composition is as follows: dyeing accounts for 98.72% and other businesses account for 1.28% [1] Industry Summary - The pet industry is experiencing significant growth, with a market size of 300 billion yuan, leading to a surge in stock prices for industry-listed companies [1]

Core Viewpoint - The company, Yingfeng Co., announced the appointment of a new auditing firm, Crowe Horwath, to replace the previous auditor, Tianjian Accounting Firm, for the fiscal year 2025 [1] Group 1 - The company intends to hire Crowe Horwath as the financial and internal control auditor for the year 2025 [1] - The decision to change auditors is part of the company's governance and compliance strategy [1] - The previous auditor, Tianjian Accounting Firm, has been replaced to enhance audit quality and oversight [1]

Group 1 - The company, Yingfeng Co., Ltd. (605055), announced the appointment of Mr. Yao Yong as the secretary of the board of directors [1]

Group 1 - The company, Zhejiang Yingfeng Technology Co., Ltd. (stock code: 605055), announced an adjustment to its organizational structure on August 26, 2025, during the 12th meeting of the third board of directors [1] - The board decided to abolish the supervisory board, transferring its responsibilities to the audit committee in accordance with relevant regulations [1] - The organizational structure adjustment aims to enhance corporate governance, clarify responsibilities, and improve operational efficiency in line with the company's actual business management needs and future development plans [1] Group 2 - The board has authorized the management team to implement and further optimize the adjustments to the organizational structure [1] - The adjusted organizational structure chart is available in the announcement attachment [1]

Core Viewpoint - The company reported a decline in revenue and incurred losses in the first half of 2025, indicating financial challenges ahead [1] Financial Performance - The company achieved a revenue of 692 million yuan, representing a year-on-year decrease of 8.11% [1] - The net profit attributable to shareholders was a loss of 20.19 million yuan [1] - The net profit excluding non-recurring items was a loss of 19.13 million yuan [1] - The basic earnings per share were -0.05 yuan [1]

Core Viewpoint - Zhejiang Yingfeng Technology Co., Ltd. reported a significant decline in financial performance for the first half of 2025, with a notable drop in revenue and net profit due to external factors such as trade tensions and increased production costs [2][3][7]. Company Overview and Financial Indicators - The company specializes in textile dyeing and finishing, providing customized services based on client needs [4][5]. - Key financial metrics for the first half of 2025 include: - Revenue: CNY 692.30 million, down 8.11% year-on-year - Total profit: CNY -26.74 million, a decrease of 205.57% - Net profit attributable to shareholders: CNY -20.19 million, down 173.44% - Basic earnings per share: CNY -0.05, a decline of 183.33% [2][7][15]. Industry Context - The textile dyeing industry is crucial for enhancing the quality and functionality of textile products, with significant market presence in coastal provinces like Zhejiang [3][4]. - The industry faces challenges from increased global trade barriers and competition, impacting domestic textile and apparel supply chains [6][7]. Business Operations - The company focuses on high-end knitted and woven fabric dyeing, with products used in various apparel sectors [4][5]. - The company is committed to technological innovation and environmental sustainability, aiming to establish a "smart factory" model [5][10][12]. Management Discussion and Analysis - The company has faced challenges due to U.S. tariff policies affecting the textile industry, leading to reduced orders and increased production costs [6][7]. - Management strategies include enhancing quality control, optimizing production processes, and expanding customer outreach to improve profitability [8][9]. Financial Performance Analysis - The decline in revenue is attributed to reduced orders from the textile supply chain due to trade tensions [15]. - Operating cash flow improved significantly, reaching CNY 197.23 million, an increase of 198.94% year-on-year [15]. Competitive Advantages - The company has established a strong competitive position through advanced dyeing technology, comprehensive service offerings, and a focus on environmental management [11][12][14]. - The strategic location in Shaoxing, a textile hub, provides access to a rich network of suppliers and customers [13][14].

Core Points - The company reported a significant decline in revenue and profit for the first half of 2025, with operating income decreasing by 8.11% to approximately 692.30 million yuan compared to the previous year [1] - The total profit for the period was a loss of approximately 26.74 million yuan, representing a decrease of 205.57% compared to the profit of 25.33 million yuan in the same period last year [1] - The net profit attributable to shareholders also saw a substantial decline of 173.44%, resulting in a loss of about 20.19 million yuan [1] Financial Summary - Total assets at the end of the reporting period were approximately 2.86 billion yuan, an increase of 2.81% from the previous year [1] - The net assets attributable to shareholders decreased significantly, with a weighted average return on net assets dropping by 4.13 percentage points to -1.76% [1] - Basic and diluted earnings per share both fell to -0.05 yuan, a decrease of 183.33% compared to the previous year [1] Shareholder Information - The largest shareholder, Zhejiang Zheyu Holdings Group Co., Ltd., holds 46.31% of the shares, amounting to approximately 203.77 million shares [3] - Other notable shareholders include Hainan Yingfeng Linghang Venture Capital Partnership with 8.61% and individual shareholders such as Yi Hui Liang with 5.00% [3] - The total number of shareholders at the end of the reporting period was 20,795 [1]

证券代码：605055 证券简称：迎丰股份 公告编号：2025-031 浙江迎丰科技股份有限公司 第三届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 会议室以现场结合通讯表决方式召开了第三届董事会第十二次会议。本次会议通 知及相关材料公司已于 2025 年 8 月 15 日以专人和电话等方式送达各位董事。本 次会议由公司董事长傅双利先生主持，会议应出席董事 9 人，实际出席董事 9 人，公司监事、高级管理人员列席了本次会议。本次会议的召集、召开和表决程 序符合《中华人民共和国公司法》《公司章程》及公司《董事会议事规则》的有 关规定，会议决议合法、有效。 二、董事会会议审议情况 （一）审议通过《关于公司 2025 年半年度报告全文及摘要的议案》 本议案已经公司董事会审计委员会审议通过。 具体内容详见公司同日于上海证券交易所网站（http://www.sse.com.cn） 披露的《浙江迎丰科技股份有限公司 2025 年半年度报告》以及《浙江迎丰 科技股份有限公司 2025 年 ...