一、监事会会议召开情况 证券代码：605056 证券简称：咸亨国际 公告编号：2025-027 咸亨国际科技股份有限公司 第三届监事会第十二次会议决议公告 本公司监事会及全体监事保证本公告内容不存在虚假记载、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。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 特此公告。 咸亨国际科技股份有限公司（以下简称"公司"）第三届监事会第十二次会议于 2025 年 6 月 15 日以邮件方式发出会议通知，并于 2025 年 6 月 20 日在咸亨科技大厦十 一楼会议室以现场结合通讯表决的方式召开。本次会议应出席监事 3 人，实际出席监 事 3 人，会议由李明亮先生主持，高级管理人员列席了本次会议。会议的召集、召开 符合《公司法》等法律、法规和《咸亨国际科技股份有限公司公司章程》的规定。经 各位监事认真审议，会议形成了如下决议： 二、监事会会议审议情况 （一）审议通过《关于使用自有资金支付募投项目所需资金并以募集资金等额置 换的议案》 监事会认为：公司及子公司使用自有资金支付募投项目所需资金并以募集资金等额置 换事项是公司根据公司实际经营情况、 ...

Core Viewpoint - The design is considered the "soul" of fabric products, directly influencing the quality and market positioning of a company [1][2]. Group 1: Company Overview - The company, established in 1994 in Hangzhou, specializes in the R&D, design, production, and sales of mid-to-high-end decorative fabrics and products, serving various sectors including sofas and furniture [1]. - The company has multiple brands such as "Z-wovens," "SunBelievable," and "Z-cycle," and its clients include well-known furniture manufacturers like Ashley and La-z-boy [1]. Group 2: Design and Innovation - The company emphasizes a systematic design process to capture trends and consumer preferences, collaborating with global design studios for inspiration [2]. - The company believes that true creativity cannot be replaced by artificial intelligence, as unique designs require human exploration of color combinations and material properties [2]. Group 3: Manufacturing and Technology - In 2024, the company made significant progress in digital smart manufacturing, being selected as a "Future Factory" in Zhejiang Province, which enhances its core competitiveness and production capacity [3]. - The company has implemented a fully automated process for fabric production, improving factory efficiency by 20% and reducing delivery times by at least 15 days [3]. Group 4: Global Expansion - The company is actively expanding its global market presence, with a focus on the U.S. market and plans to enter Australia, the Middle East, South Africa, and Europe [4]. - A new showroom in Ho Chi Minh City, Vietnam, is set to open in February 2025, marking a significant step in the company's Southeast Asian market strategy [4]. - The establishment of subsidiaries in Hong Kong and Singapore in 2024 aims to enhance service capabilities for overseas clients [4]. Group 5: Industry Trends and Future Outlook - The fabric industry is transitioning from "small home textiles" to "large home furnishings," emphasizing the artistic integration of fabric products within overall home decor [2]. - Companies in the home textile sector are encouraged to adopt a holistic approach, engage in international cooperation, and leverage technology for future growth [5].

Group 1 - Xianheng International (605056) closed at 14.83 yuan on June 13, 2025, up 2.99% from the previous week, with a market cap of 6.086 billion yuan, ranking 63rd in the general equipment sector and 2470th in the A-share market [1] - On June 13, Xianheng International had 14 large transactions at a discount of 10.92%, totaling 61.7712 million yuan, while on June 12, there were 7 large transactions with a net institutional purchase of 39.81 million yuan [2][4] - On June 13, several shareholders of Xianheng International reduced their holdings by a total of 8.2071 million shares, accounting for 2.0% of the total share capital, during a period when the stock price increased by 2.84% [2][4] Group 2 - Xianheng International will hold its second extraordinary general meeting of shareholders on June 20, 2025, to review and vote on a proposal to change the company's business scope and amend the articles of association, including the addition of smart power distribution and control equipment manufacturing and AI application software development [3][4] - The company issued a notice regarding changes in shareholder equity that reached the 1% threshold, detailing the specific changes for each shareholder [3]

咸亨国际科技股份有限公司 证券代码：605056 证券简称：咸亨国际 公告编号：2025-026 □ 其他直接持股股东 二、 权益变动触及 1%刻度的基本情况 咸亨国际科技股份有限公司（以下简称"公司"）于 2025 年 6 月 13 日收到 股东杭州咸宁投资合伙企业（有限合伙）、杭州万宁投资合伙企业（有限合伙）、 杭州弘宁投资合伙企业（有限合伙）、杭州德宁投资合伙企业（有限合伙）、杭州 易宁投资合伙企业（有限合伙）出具的《关于所持咸亨国际科技股份有限公司股 份权益变动触及 1%的告知函》，上述股东合计持有公司股份的比例从 59.40%变动 至 57.40%，权益变动比例触及 1%刻度。 具体情况如下： 关于股东权益变动触及 1%刻度的提示性公告 杭州咸宁投资合伙企业（有限合伙）、杭州万宁投资合伙企业（有限合伙）、杭州弘宁投资合伙 企业（有限合伙）、杭州德宁投资合伙企业（有限合伙）、杭州易宁投资合伙企业（有限合伙）及其 一致行动人杭州兴润投资有限公司、王来兴先生保证向本公司提供的信息真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重 ...

杭州咸宁投资合伙企业（有限合伙）、杭州万宁投资合伙企业（有限合伙）、杭州弘宁投资合伙 企业（有限合伙）、杭州德宁投资合伙企业（有限合伙）、杭州易宁投资合伙企业（有限合伙）及其 一致行动人杭州兴润投资有限公司、王来兴先生保证向本公司提供的信息真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 证券代码：605056 证券简称：咸亨国际 公告编号：2025-026 咸亨国际科技股份有限公司 关于股东权益变动触及 1%刻度的提示性公告 | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 59.40% | | | | 权益变动后合计比例 | 57.40% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 二、 权益变动触及 1%刻度的基本情况 | | ☑控股股东/实际控制人及其一致行动人 □ ...

咸亨国际科技股份有限公司 2025 年第二次临时股东大会会议资料 证券代码：605056 公司简称：咸亨国际 咸亨国际科技股份有限公司 2025 年第二次临时股东大会 会议资料 2025 年 6 月 20 日 1 2025 年第二次临时股东大会会议须知 为维护广大投资者的合法权益，保障股东在本次股东大会期间依法行使权利， 根据《公司法》《上市公司股东会规则》和《公司章程》等有关规定，特制定本 会议须知： 一、公司负责本次股东大会的议程安排和会务工作，出席会议人员应当听从 公司工作人员安排，共同维护好会议秩序。 二、为保证股东大会的正常秩序，除出席会议的股东或者股东代理人、董事、 监事、董事会秘书、其他高级管理人员、见证律师、本次会议议程有关人员及会 务工作人员以外，公司有权拒绝其他人员进入会场。对于影响股东大会秩序和损 害其他股东合法权益的行为，公司将按规定加以制止。 三、出席股东大会的股东、股东代理人应当持身份证或者营业执照复印件、 授权委托书和证券账户卡等证件按股东大会通知登记时间办理签到手续，在大会 主持人宣布现场出席会议的股东和股东代理人人数及所持有表决权的股份总数 之前，会议终止登记。 咸亨国际科技 ...

Investment Rating - The report gives a "Buy" rating for the company [8]. Core Insights - The company, Xianheng International, is a leading MRO centralized supplier in China, showing a significant turning point in net profit in 2024 with a revenue of 3.606 billion yuan, a year-on-year increase of 23.15%, and a net profit of 223 million yuan, up 130.67% year-on-year [5][19]. - The MRO procurement service market in China is projected to reach 3.7 trillion yuan in 2024, with a compound annual growth rate (CAGR) of 6.1% from 2019 to 2024, indicating a vast market potential [6][30]. - The company is expanding its services into five new strategic industries, aiming to replicate its success in the power sector [7][40]. Summary by Sections Company Overview - Xianheng International, established in 2008, is a leading MRO centralized supplier in China, primarily serving the power industry and expanding into railways and urban rail transit [17]. - The company offers over one million SKUs across 12 categories of tools and instruments, along with technical services [5][17]. MRO Market Potential - The MRO procurement market in China is still in the early stages of penetration, with a low centralized procurement rate compared to traditional methods, which presents significant growth opportunities for leading suppliers [6][26]. - The market is expected to grow to 4.5 trillion yuan by 2029, with a CAGR of 4.2% from 2024 to 2029 [6][30]. Strategic Expansion - The company is implementing five new strategic plans to enhance its service capabilities and increase the proportion of non-standard products and technical services [7][40]. - The new strategic sectors have shown rapid growth, with sales in these areas reaching approximately 1.091 billion yuan in 2024, a year-on-year increase of about 70.97% [43]. Financial Forecast - The company is projected to achieve revenues of 4.456 billion yuan, 5.204 billion yuan, and 5.957 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding year-on-year growth rates of 23.6%, 16.8%, and 14.5% [8][10].

Investment Rating - The report gives a "Buy" rating for the company, Xiangheng International, based on its growth potential in the MRO market and improving profitability metrics [8]. Core Insights - Xiangheng International is a leading player in the domestic MRO centralized supply market, showing a significant turning point in profitability with a revenue of 3.606 billion yuan in 2024, a year-on-year increase of 23.15%, and a net profit of 223 million yuan, up 130.67% year-on-year [5][19]. - The MRO procurement service market in China is projected to reach 3.7 trillion yuan in 2024, with a compound annual growth rate (CAGR) of 6.1% from 2019 to 2024, indicating a vast market opportunity [6][30]. - The company is expanding its service capabilities into five new strategic industries, aiming to replicate its success in the power sector across oil and gas, government emergency services, transportation, nuclear industry, and power generation sectors [7][40]. Summary by Sections Company Overview - Xiangheng International, established in 2008, is a leading MRO centralized supplier in China, primarily serving the power industry and expanding into other sectors [17]. - The company offers over one million SKUs across 12 categories of tools and instruments, along with technical services [5][17]. Market Potential - The MRO procurement market in China is still in the early stages of penetration, with significant room for growth as centralized procurement becomes more prevalent [6][26]. - The market is expected to grow to 4.5 trillion yuan by 2029, with a CAGR of 4.2% from 2024 to 2029 [6][30]. Competitive Landscape - The MRO market in China is characterized by low concentration and intense competition, with major competitors including Wuhan Jujing, Lide Electric, and Zhenkunxing [7][54]. - Xiangheng International's business model focuses on deepening service capabilities and understanding customer needs, particularly in large state-owned enterprises [36][51]. Financial Projections - Revenue projections for Xiangheng International are 4.456 billion yuan in 2025, 5.204 billion yuan in 2026, and 5.957 billion yuan in 2027, with corresponding growth rates of 23.6%, 16.8%, and 14.5% respectively [8][10]. - The company is expected to maintain a strong net profit growth trajectory, with net profits projected at 261 million yuan in 2025, 309 million yuan in 2026, and 367 million yuan in 2027 [8][10]. Strategic Initiatives - The company is implementing five new strategic initiatives to enhance its service offerings and increase the proportion of non-standard products and technical services [40][43]. - Xiangheng International aims to leverage its experience in the power sector to expand into new industries, enhancing customer stickiness and competitive advantage [7][40].

Group 1 - The core viewpoint of the article highlights that Panjing Investment has conducted research on Xianheng International, which is expected to maintain a good development trend due to expansion in new fields, particularly in the oil and petrochemical industry and new e-commerce [1] - Xianheng International reported strong performance in Q1 2025, with significant growth attributed to its strategic industry and new e-commerce developments, indicating potential for increased gross profit margins [1] - The company has made substantial investments in digital transformation, channel development, and personnel deployment, laying a solid foundation for future growth [1] Group 2 - Cost control measures have been effective, with management and sales expenses being well managed, leading to positive results in cost reduction and efficiency improvement [1] - As the business scales, economies of scale are expected to become more pronounced, with the growth rate of gross profit expected to exceed that of cost expenses [1] - The completion of the Hangzhou Smart City Manufacturing Center is anticipated to significantly enhance the production capacity of proprietary products [1] Group 3 - Future profit growth for Xianheng International is projected to come from rapid development in strategic industries and new e-commerce, as well as technological innovation [1] - The company emphasizes investor returns, planning to distribute a cash dividend of 0.36 yuan per share in 2024, totaling 145 million yuan [1] - Proprietary products mainly focus on tools and testing equipment, with 20-30 research directions selected annually [1]

咸亨国际科技股份有限公司 章程 二○二五年六月 咸亨国际科技股份有限公司 章程 目 录 1 第一章 总 则 第二章 经营宗旨和范围 第三章 股 份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东大会 第一节 股 东 第二节 股东大会的一般规定 第三节 股东大会的召集 第四节 股东大会的提案与通知 第五节 股东大会的召开 第六节 股东大会的表决和决议 第五章 董事会 第一节 董 事 第二届 独立董事 第二节 董事会 第三节 董事会秘书 第六章 总经理及其他高级管理人员 第七章 监事会 第一节 监 事 第二节 监事会 咸亨国际科技股份有限公司 章程 2 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知和公告 第一节 通 知 第二节 公 告 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附 则 咸亨国际科技股份有限公司 章程 第一章 总 则 第一条 为维护咸亨国际科技股份有限公司（以下简称"公司"）、公司股东和债 权人的合法权益，规范公 ...