Core Viewpoint - Xianheng International (605056) has experienced a decline in stock price, closing at 14.36 yuan, down 4.46% from the previous week, with a current market capitalization of 5.893 billion yuan [1] Shareholder Changes - As of June 30, 2025, the number of shareholders for Xianheng International is 13,500, a decrease of 724 shareholders or 5.09% compared to March 31, 2025. The average shareholding per account increased from 28,900 shares to 30,400 shares, with an average market value of 468,300 yuan [3] Performance Disclosure Highlights - The mid-year report for 2025 shows that Xianheng International's main revenue reached 1.583 billion yuan, an increase of 33.74% year-on-year. The net profit attributable to shareholders was 61.6426 million yuan, up 44.87% year-on-year, and the net profit after deducting non-recurring items was 60.1831 million yuan, up 46.01% year-on-year. In the second quarter alone, the main revenue was 944 million yuan, a year-on-year increase of 26.51%, with a net profit of 40.071 million yuan, up 18.82% year-on-year. The debt ratio stands at 44.99%, and the gross profit margin is 22.68% [4][7] Company Announcements Summary - On August 24, 2025, Xianheng International held its 18th meeting of the third board of directors, approving several proposals, including the mid-year report and the temporary use of idle raised funds for working capital, with all votes in favor. The company plans to use up to 70 million yuan of idle raised funds for temporary working capital, with a usage period not exceeding 12 months [5][6][7] - The company intends to appoint Crowe Horwath as the auditing firm for the 2025 financial statements and internal control audit, replacing the previous firm, Tianjian. The proposed audit fee is set at 1.02 million yuan (including tax) [5][7]

Core Viewpoint - The stock of Xianheng International (605056) has shown a decline in price and mixed capital flow, indicating potential volatility in investor sentiment and market performance [1][2]. Group 1: Stock Performance - As of August 29, 2025, Xianheng International closed at 14.36 yuan, down 1.85% with a turnover rate of 0.93% and a trading volume of 37,900 hands, resulting in a transaction amount of 54.76 million yuan [1]. - Over the past five days, the stock has experienced a downward trend, with a total decline of 6.22% from 15.22 yuan on August 25 to 14.36 yuan on August 29 [2]. Group 2: Capital Flow Analysis - On August 29, 2025, the net outflow of main funds was 4.34 million yuan, accounting for 7.92% of the total transaction amount, while retail investors saw a net inflow of 4.05 million yuan, representing 7.40% of the total [1][2]. - The capital flow data for the last five days indicates a consistent pattern of net outflows from main funds, with the highest outflow recorded on August 28 at 4.27 million yuan [2]. Group 3: Financial Performance - Xianheng International 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]. - The company's second-quarter performance showed a main revenue of 944 million yuan, reflecting a 26.51% increase year-on-year, with a net profit of 40.07 million yuan, an 18.82% increase year-on-year [3]. Group 4: Industry Comparison - Xianheng International's total market value is 5.893 billion yuan, which is higher than the industry average of 5.355 billion yuan, ranking 22nd out of 74 in the industry [3]. - The company's net profit margin stands at 4.14%, which is below the industry average of 7.54%, indicating potential areas for improvement in profitability [3].

咸亨国际科技股份有限公司 2025 年第四次临时股东大会会议资料 咸亨国际科技股份有限公司 2025 年第四次临时股东大会 会议资料 2025 年 9 月 10 日 1 | | | 证券代码：605056 公司简称：咸亨国际 五、本次股东大会由两名股东代表、一名监事代表和两名见证律师参加计票、 监票，对投票和计票过程进行监督，由主持人公布表决结果。 六、出席会议的所有人员请将手机调至振动或关机，谢绝个人进行录音、拍 照及录像。 咸亨国际科技股份有限公司 2025 年第四次临时股东大会会议资料 2025 年第四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 ...

Company Overview - Xianheng International has seen a stock price increase of 21.63% year-to-date, with a recent decline of 1.93% over the last five trading days [2] - The company specializes in the distribution of well-known domestic and international tools and instruments, as well as the production and sale of its own branded products [2] - The main revenue composition includes tools (64.67%), instruments (24.40%), services (10.87%), and others (0.05%) [2] Financial Performance - For the first half of 2025, Xianheng International achieved a revenue of 1.583 billion yuan, representing a year-on-year growth of 33.74% [2] - The net profit attributable to the parent company for the same period was 61.6426 million yuan, reflecting a year-on-year increase of 44.87% [2] - Cumulative cash dividends since the A-share listing amount to 651 million yuan, with 351 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders is 13,500, a decrease of 5.09% from the previous period [2] - The average number of circulating shares per shareholder is 30,135, which has increased by 5.36% compared to the last period [2] - The top ten circulating shareholders include institutions such as the Jiangyin Trend Mixed Fund A, which holds 9.7806 million shares, an increase of 2.9718 million shares from the previous period [3] Market Activity - On August 28, Xianheng International's stock price fell by 2.25%, trading at 14.76 yuan per share with a total transaction volume of 25.5679 million yuan [1] - The company experienced a net outflow of main funds amounting to 1.0817 million yuan, with large orders accounting for 7.12% of total buy orders and 11.35% of total sell orders [1]

Group 1 - The core viewpoint of the news is that Xianheng International has shown a positive stock performance with a year-to-date increase of 28.31% and a recent uptick of 2.03% in a single trading session [2][1] - As of August 27, the stock price reached 15.57 CNY per share, with a total market capitalization of 6.389 billion CNY [1] - The company has a diverse revenue structure, with tools accounting for 64.67%, instruments 24.40%, services 10.87%, and others 0.05% [2] Group 2 - For the first half of 2025, Xianheng International reported a revenue of 1.583 billion CNY, reflecting a year-on-year growth of 33.74%, and a net profit attributable to shareholders of 61.6426 million CNY, up 44.87% [2] - The company has distributed a total of 651 million CNY in dividends since its A-share listing, with 351 million CNY distributed over the past three years [3] - As of June 30, 2025, the number of shareholders decreased by 5.09% to 13,500, while the average circulating shares per person increased by 5.36% to 30,135 shares [2]

Core Viewpoint - As of August 26, 2025, Xianheng International (605056) closed at 15.26 yuan, reflecting a 0.26% increase, with a trading volume of 44,700 hands and a transaction value of 68.08 million yuan [1] Group 1: Financial Performance - For the first half of 2025, Xianheng International reported a main revenue of 1.583 billion yuan, a year-on-year increase of 33.74% [3] - The net profit attributable to shareholders was 61.64 million yuan, up 44.87% year-on-year [3] - The second quarter of 2025 saw a single-quarter main revenue of 944 million yuan, a 26.51% increase year-on-year [3] - The company’s gross profit margin stood at 22.68%, while the net profit margin was 4.14% [3] Group 2: Market Position and Valuation - Xianheng International's total market value is 6.262 billion yuan, ranking 21st in the instrument and meter industry [3] - The company has a price-to-earnings ratio (P/E) of 50.79, significantly lower than the industry average of 126.86, ranking 22nd [3] - The price-to-book ratio (P/B) is 3.87, compared to the industry average of 4.54, ranking 39th [3] Group 3: Recent Trading Activity - On August 26, 2025, the net inflow of main funds was 492,700 yuan, accounting for 0.72% of the total transaction value [2] - Retail investors experienced a net outflow of 557,340 yuan, representing 8.19% of the total transaction value [2] - Over the past five days, the stock has seen fluctuations in fund flows, with notable net inflows from speculative funds on August 26 [2]

Core Insights - The company reported a total operating revenue of 1.583 billion yuan, an increase of 399 million yuan compared to the same period last year, achieving a year-on-year growth of 33.74% [1] - The net profit attributable to shareholders reached 61.6426 million yuan, an increase of 19.0934 million yuan year-on-year, reflecting a growth of 44.87% [1] - The company experienced a net cash outflow from operating activities of -138 million yuan, which is an improvement of 80.182 million yuan compared to the previous year [1] Financial Performance - The latest asset-liability ratio stands at 44.99% [1] - The gross profit margin is 22.68%, up by 1.22 percentage points from the previous quarter [1] - The return on equity (ROE) is 3.80%, an increase of 1.06 percentage points year-on-year [1] - The diluted earnings per share (EPS) is 0.15 yuan, an increase of 0.04 yuan compared to the same period last year, marking a year-on-year growth of 36.36% [1] - The total asset turnover ratio is 0.51 times, an increase of 0.08 times year-on-year, reflecting an 18.47% growth [1] - The inventory turnover ratio is 5.76 times, up by 2.02 times compared to the previous year, achieving a year-on-year increase of 54.09% [1] Shareholder Structure - The number of shareholders is 13,500, with the top ten shareholders holding 300 million shares, accounting for 73.00% of the total share capital [2] - The largest shareholder is Hangzhou Xingrun Investment Co., Ltd., holding 15.81% of the shares [2] - Other significant shareholders include Hangzhou Xian Ning Investment Partnership (14.4%), Shaoxing Xianheng Group Co., Ltd. (8.40%), and Hangzhou Wanning Investment Partnership (7.21%) [2]

Core Insights - Xianheng International (605056.SH) released its semi-annual report for 2025, indicating significant institutional investor interest with 14 institutions holding a total of 294 million shares, representing 71.71% of the total share capital [1] Institutional Holdings - The top ten institutional investors collectively hold 70.10% of the shares, with a decrease of 1.45 percentage points compared to the previous quarter [1] - Major institutional investors include Hangzhou Xingrun Investment Co., Ltd., Hangzhou Xian Ning Investment Partnership, and Goldman Sachs Asia Strategic Pte. Ltd. [1] Public Fund Activity - Four public funds increased their holdings during this period, accounting for a 1.76% increase in shareholding [1] - Two new public funds disclosed their holdings, including Rongtong Leading Growth Mixed (LOF) A/B and Jiaoyin Qixin Mixed Initiation A [1]

Meeting Overview - The third meeting of the board of directors of Xianheng International Technology Co., Ltd. was held with all 8 directors present, complying with legal and regulatory requirements [1][2]. Resolutions Passed - The board approved the "2025 Semi-Annual Report and Summary" with a unanimous vote of 8 in favor [1]. - The board approved the "Special Report on the Storage and Actual Use of Raised Funds for the First Half of 2025," also with a unanimous vote of 8 in favor [2]. - The board approved the establishment of the "Xianheng International Technology Co., Ltd. Market Value Management System" with a unanimous vote of 8 in favor [2]. - The board approved the temporary use of part of the idle raised funds to supplement working capital, with a unanimous vote of 8 in favor [2]. - The board approved the change of accounting firm to Zhihong Accounting Firm (Special General Partnership) for the 2025 financial statement and internal control audit, pending shareholder meeting approval, with a unanimous vote of 8 in favor [3]. - The board approved the proposal to convene the fourth extraordinary general meeting of shareholders in 2025, with a unanimous vote of 8 in favor [3].

Group 1 - The third meeting of the supervisory board of Xianheng International Technology Co., Ltd. was held on August 24, 2025, with all three supervisors present [1] - The supervisory board approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's financial status and operational results [1][2] - The board also approved a special report on the storage and actual use of raised funds for the first half of 2025, with unanimous support [2] Group 2 - The supervisory board agreed to use up to 70 million RMB of idle raised funds to temporarily supplement working capital, ensuring compliance with relevant regulations and not affecting the implementation of investment projects [2][3] - The usage period for the idle funds is set to not exceed 12 months from the date of approval by the board of directors [2]