Group 1 - The stock price of Xianheng International (605056) closed at 14.72 yuan on September 22, 2025, with an increase of 6.59% and a turnover rate of 4.19% [1] - The trading volume was 170,500 shares, with a total transaction amount of 254 million yuan [1] Group 2 - On September 22, 2025, the net inflow of main funds was 53.1262 million yuan, accounting for 20.88% of the total transaction amount [2][4] - Retail investors had a net outflow of 36.2865 million yuan, representing 14.26% of the total transaction amount [2] - Speculative funds experienced a net outflow of 16.8396 million yuan, which is 6.62% of the total transaction amount [2] Group 3 - The Supervisory Board of Xianheng International confirmed the legitimacy and validity of the list of incentive objects for the 2025 restricted stock incentive plan, with no objections received during the public notice period from September 12 to September 21, 2025 [2][4] - The incentive objects include senior management, core management personnel, and other individuals deemed necessary for incentives by the Board, excluding independent directors, supervisors, and shareholders holding more than 5% of shares and their relatives [2][4] - The Board's Compensation and Assessment Committee also verified that the incentive object list complies with the regulations of the "Management Measures for Equity Incentives of Listed Companies" [2]

Core Viewpoint - Xianheng International (605056) has announced the verification and public disclosure of the list of incentive targets for its 2025 restricted stock incentive plan, which includes senior management and core personnel, excluding independent directors and major shareholders [1]. Group 1: Stock Performance - As of September 22, 2025, Xianheng International closed at 14.72 yuan, up 6.59% from the previous trading day, with a total market capitalization of 6.041 billion yuan [1]. - The stock opened at 13.85 yuan, reached a high of 15.19 yuan, and had a trading volume of 2.54 billion yuan, with a turnover rate of 4.19% [1]. Group 2: Incentive Plan Details - The company held board and supervisory meetings on September 11, 2025, to review and approve the incentive plan [1]. - The list of incentive targets was publicly disclosed from September 12 to September 21, 2025, with no objections received during the public notice period [1]. - The supervisory board confirmed that all incentive targets meet the qualifications as per relevant laws and company regulations, and the list is deemed to be authentic, legal, and valid [1].

证券代码：605056 证券简称：咸亨国际 公告编号：2025-058 咸亨国际科技股份有限公司监事会 关于公司 2025 年限制性股票激励计划激励对象名单 的核查意见及公示情况说明 本公司监事会及全体监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。 咸亨国际科技股份有限公司（以下简称"公司"）于 2025 年 9 月 11 日召开第 三届董事会第十九次会议、第三届监事会第十五次会议审议通过了《关于<咸亨国际 科技股份有限公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等相关 议案，上述议案已经第三届董事会薪酬与考核委员会 2025 年第三次会议审议通过。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）等相关法 律法规及《咸亨国际科技股份有限公司章程》（以下简称"《公司章程》"）的相 关规定，公司对 2025 年限制性股票激励计划（以下简称"本次激励计划"）激励对 象的姓名和职务在公司内部进行了公示，公司监事会结合公示情况对激励对象名单 进行了核查，相关公示情况及核查意见如下： 一、公示情况及核查方式 公司于2025年 ...

证券代码：605056 证券简称：咸亨国际 公告编号：2025-057 咸亨国际科技股份有限公司董事会薪酬与考核委员会 关于公司 2025 年限制性股票激励计划激励对象名单 的核查意见及公示情况说明 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。 咸亨国际科技股份有限公司（以下简称"公司"）于 2025 年 9 月 11 日召开第 三届董事会第十九次会议、第三届监事会第十五次会议审议通过了《关于<咸亨国际 科技股份有限公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等相关 议案，上述议案已经第三届董事会薪酬与考核委员会 2025 年第三次会议审议通过。 2、公示时间：2025年9月12日至2025年9月21日，共计10天。 3、公示方式：公司OA系统以及内部张贴。 4、反馈方式：公示期内，员工可通过电话及邮箱等方式进行反馈，董事会薪酬 与考核委员会对相关反馈进行记录并核查。 一、公示情况及核查方式 公司于2025年9月12日在上海证券交易所网站（www.sse.com.cn）上披露了《咸 亨国际科技股份有限公司2 ...

Core Points - The Shanghai Composite Index closed at 3822.59 points, above the six-month moving average, with a slight increase of 0.07% [1] - The total trading volume of A-shares reached 13556.41 billion yuan, indicating active market participation [1] - A total of 49 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 3822.59 points, reflecting a 0.07% increase [1] - The total trading volume for A-shares today is 13556.41 billion yuan [1] Stocks Surpassing Six-Month Moving Average - 49 A-shares have broken through the six-month moving average [1] - Stocks with the highest deviation rates include: - Shengyuan Environmental Protection: 6.76% - Zhixin Electronics: 6.18% - Weixing Intelligent: 6.16% [1] Additional Stock Information - Other stocks that have recently crossed the six-month line with lower deviation rates include: - Shuanglu Pharmaceutical - China Merchants Jiyu - Libote [1]

Summary of Key Points Core Viewpoint - Xianheng International (605056) has announced a restricted stock incentive plan for 2025, aiming to enhance employee motivation and align their interests with the company's performance [1] Company Announcement Summary - Xianheng International plans to grant 6 million shares of restricted stock to 174 incentive recipients, representing 1.46% of the company's total share capital [1] - The stock will be sourced from shares repurchased from the secondary market, with a grant price set at 7.29 yuan per share [1] - The incentive recipients include senior management and core personnel, excluding independent directors and supervisors [1] - The plan has a maximum validity period of 48 months, with lock-up periods of 12, 24, and 36 months, and the release of restrictions tied to performance metrics [1] - Performance targets for the release of restrictions are based on revenue and net profit from 2025 to 2027, with individual performance evaluations categorized as excellent, qualified, or unqualified, corresponding to release ratios of 100%, 80%, and 0% respectively [1]

Core Viewpoint - Xianheng International (605056) has announced a restricted stock incentive plan for 2025, aimed at motivating key personnel and aligning their interests with company performance [1] Group 1: Stock Performance - As of September 18, 2025, Xianheng International closed at 13.79 yuan, down 2.06% from the previous trading day, with a total market capitalization of 5.659 billion yuan [1] - The stock opened at 14.08 yuan, reached a high of 14.17 yuan, and a low of 13.59 yuan, with a trading volume of 53.8639 million yuan and a turnover rate of 0.95% [1] Group 2: Incentive Plan Details - The company plans to grant 6 million restricted stocks to 174 incentive targets, representing 1.46% of the total share capital, with a grant price of 7.29 yuan per share [1] - The incentive targets include senior management, core management personnel, and other individuals deemed necessary for motivation, excluding independent directors and supervisors [1] - The plan has a maximum validity period of 48 months, with lock-up periods of 12, 24, and 36 months, and the release ratio tied to performance metrics [1] Group 3: Performance Assessment - The performance assessment will be based on revenue and net profit targets for 2025-2027, with the release ratio linked to the achievement of these targets [1] - Individual performance evaluations will be categorized as excellent, qualified, or unqualified, corresponding to release ratios of 100%, 80%, and 0% respectively [1] - The implementation of this plan is subject to approval at the shareholders' meeting [1]

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 年第五次临时股东大会 会议资料 2025 年 9 月 29 日 | 目 | | | 录 | | --- | --- | --- | --- | | 2025 年第五次临时股东大会会议须知 3 | | | | | 2025 年第五次临时股东大会会议议程 4 | | | | | 2025 年第五次临时股东大会会议议案 6 | | | | | 年限制性股票激励计划（草案）>及其 2025 | 议案一《关于<咸亨国际科技股份有限公司 | | | | 摘要的议案》 7 | | | | | 年限制性股票激励计划实施考核管理办 2025 | 议案二《关于<咸亨国际科技股份有限公司 | | | | 法>的议案》 8 | | | | | 议案三《关于提请股东大会授权董事会办理公司 年限制性股票激励计划相关事宜 2025 | | | | | 的议案》 9 | | | | | 附件 1 年限制性股票激励计划（草案） 12 | 咸亨国际科技股份有限公司 | 2025 | | | 附件 2 年限制性股票激励计划（草案）摘要 39 | 咸亨国际科技股份有限公 ...

Core Viewpoint - The domestic real estate market continues to face pressure in the first half of 2025, impacting the home textile industry, with significant declines in investment, new construction, and sales figures [1] Investment and Market Performance - Residential investment reached 3.58 trillion yuan, down 10.4% year-on-year - New residential construction area was 22.3 million square meters, a decrease of 19.6% - Residential completion area fell to 16.3 million square meters, down 15.5% - Residential sales area decreased by 3.7%, with new commodity housing sales amounting to 4.42 trillion yuan, down 5.5% [1] Home Textile Industry Impact - The home textile industry is adversely affected, with home textile consumption showing insufficient momentum despite the implementation of a subsidy policy for durable consumer goods [1] - In the first half of 2025, the total revenue of seven listed home textile companies was 6.837 billion yuan, roughly flat compared to the same period in 2024, while net profit increased by 22.8% to 708 million yuan [1] Company Performance Overview - Leading company in revenue: Luolai Life with 2.181 billion yuan, 3.6% increase year-on-year - Mercury Home Textile reported 1.921 billion yuan, a 6.4% increase, but net profit decreased by 3.4% - Fuanna's revenue dropped by 16.6% to 1.091 billion yuan, with a significant decline in core product revenue [3] - The highest revenue growth was seen in Zhenai Meijia, with a focus on blankets, achieving a 21.8% increase in revenue [3] Cost Control and Efficiency - Operating costs generally increased, with Luolai Life's costs at 1.138 billion yuan, the highest among peers - Zhenai Meijia's operating cost ratio approached 80%, while Fuanna maintained a lower ratio of 46.4% due to direct sales channel strategies [4] - Dreamjie Co. was the only company to see a decrease in sales, management, and R&D expenses [7] Profitability Analysis - Zhenai Meijia led in net profit with approximately 197 million yuan, a nearly sixfold increase year-on-year - Fuanna's net profit was halved due to inventory pressure and high sales expenses, despite maintaining a gross margin of 53.6% [9] - The net profit margin for Zhenai Meijia reached 50.5%, significantly higher than its peers [9] Cash Flow and Receivables Management - Approximately 57.1% of companies saw a year-on-year increase in operating cash flow exceeding 100% - Luolai Life's operating cash flow increased by 28.9% to 377 million yuan, while Mercury Home Textile experienced a net cash outflow [11] - Zhenai Meijia had an accounts receivable turnover period of 91 days, significantly longer than Fuanna's [14]

Core Viewpoint - The stock of Xianheng International (605056) has shown a decline in price and mixed capital flow trends, with a notable increase in revenue and profit in the latest financial report [1][3]. Financial Performance - As of September 15, 2025, Xianheng International's stock closed at 13.89 yuan, down 2.11% with a trading volume of 26,600 hands and a transaction amount of 37.02 million yuan [1]. - The company reported a main revenue of 1.583 billion yuan for the first half of 2025, a year-on-year increase of 33.74%, and a net profit attributable to shareholders of 61.64 million yuan, up 44.87% year-on-year [3]. - In Q2 2025, the company achieved a single-quarter main revenue of 944 million yuan, a 26.51% increase year-on-year, and a net profit of 40.07 million yuan, an 18.82% increase year-on-year [3]. Capital Flow Analysis - On September 15, 2025, the net outflow of main funds was 1.3686 million yuan, accounting for 3.7% of the total transaction amount, while retail funds saw a net outflow of 1.8181 million yuan, representing 4.91% of the total [1][2]. - Over the past five days, the stock has experienced fluctuating capital flows, with significant retail inflows on September 12 and 9, while main funds have consistently shown outflows [2]. Industry Comparison - Xianheng International's total market value is 5.7 billion yuan, slightly above the industry average of 5.408 billion yuan, ranking 23rd in the industry [3]. - The company's net profit margin stands at 4.14%, below the industry average of 7.41%, indicating potential areas for improvement [3]. - The company's gross margin is 22.68%, significantly lower than the industry average of 42.2%, suggesting competitive challenges in maintaining profitability [3]. Analyst Ratings - In the last 90 days, three institutions have given buy ratings for Xianheng International, with an average target price of 17.71 yuan [4].