Group 1: Company Performance - In the first half of 2025, the company achieved revenue of 1.253 billion yuan and a net profit attributable to shareholders of 47 million yuan, with a significant improvement in net cash flow from operating activities amounting to 151 million yuan compared to the same period last year [1] - The company signed new contracts worth 2.396 billion yuan in the first half of 2025, with 76.79% of these contracts related to "urban renewal" and "urban supporting" projects, indicating a strong focus on these core areas [3] - The company actively participated in various municipal infrastructure projects, with new contracts in this sector totaling 1.137 billion yuan, showcasing its involvement in significant public service facilities and transportation infrastructure [4] Group 2: Industry Context - The construction industry in the first half of 2025 faced short-term pressures due to a deep adjustment in the real estate market, with total output value growing only 0.20% year-on-year and new contract amounts declining by 6.47% [2] - Despite challenges, positive government policies, including an increase in special bond issuance by 44.7% year-on-year, are providing support for infrastructure investment, indicating a structural opportunity within the industry [2] Group 3: Strategic Initiatives - The company is expanding its market presence both domestically and internationally, with significant progress in the Shenzhen market and plans to penetrate the Middle East and Southeast Asia through strategic partnerships and technology exports [5] - The company is integrating smart and green technologies into its operations, utilizing AI, big data, and BIM technology to enhance construction processes and reduce resource waste, thereby fostering new productive forces [6] - The company’s subsidiary, focusing on smart system windows, has developed an "Industry 4.0" production line that improves production efficiency by 50%, with plans to expand its international market presence [7]

在建筑行业整体承压的背景下，德才装饰股份有限公司(以下简称"德才股份（605287）")作为全建筑产 业链企业，通过多维度战略布局应对行业挑战、把握发展机遇。 8月29日德才股份发布的2025年半年报显示，公司上半年实现营收12.53亿元，对应归母净利润0.47亿 元。同时，德才股份展现出财务韧性不断提升，公司经营活动产生的现金流量净额1.51亿元，较上年同 期显著改善。 今年上半年，德才股份通过优化订单结构、发力城市更新与配套类项目，德才股份展现出优于行业的抗 风险能力。市场拓展方面，除深耕一线城市优质项目外，德才股份组建国际事业部推进海外布局， 从"产品出海"向"产业出海"转型，旗下德才星光门窗已实现中东市场突破。德才股份通过股份回购、员 工持股计划等举措传递发展信心，二级市场呈现出震荡回暖态势，股价年内涨幅32.10%，为把握行业 绿色化、智能化、国际化机遇奠定坚实基础。 新签订单优于行业水准 多措并举筑牢发展底盘 德才股份是一家全建筑产业链企业，业务涵盖内装装饰工程、幕墙门窗工程、智能化工程、古建筑工 程、房屋建筑工程、市政工程、设计业务等领域，还能提供设计、采购和施工一体化服务。 8月4日，德才股份 ...

德才股份通过股份回购、员工持股计划等举措传递发展信心，二级市场呈现出震荡回暖态势，股价年内 涨幅32.10%，为把握行业绿色化、智能化、国际化机遇奠定坚实基础。 在建筑行业整体承压的背景下，德才股份（605287）(605287.SH)作为全建筑产业链企业，通过多维度 战略布局应对行业挑战、把握发展机遇。2025年半年报显示，公司上半年实现营收12.53亿元，对应归 母净利润0.47亿元。同时，德才股份展现出财务韧性不断提升，公司经营活动产生的现金流量净额1.51 亿元，较上年同期显著改善。 新签订单优于行业水准，多措并举筑牢发展底盘 德才股份是一家全建筑产业链企业，业务涵盖内装装饰工程、幕墙门窗工程、智能化工程、古建筑工 程、房屋建筑工程、市政工程、设计业务等领域，还能提供设计、采购和施工一体化服务。 在国家加速推进"三大工程"建设的背景下，德才股份积极调整业务布局，弱化房地产业务，重点发力城 中村改造、保障性住房建设以及公共服务设施领域。2025年上半年，公司实现营收12.53亿元，对应归 母净利润0.47亿元，主要系报告期内市场需求整体放缓，行业竞争加剧，公司业务规模缩减。 2025年上半年，财政政策持 ...

Group 1 - The core point of the article is that 德才股份 (De Cai Co., Ltd.) held its fifth board meeting on August 29, 2025, to review the 2025 semi-annual report and summary [1] - For the year 2024, the revenue composition of 德才股份 shows that the construction decoration industry accounts for 98.23%, while other businesses account for 1.77% [1] - As of the report, 德才股份 has a market capitalization of 2.2 billion yuan [1] Group 2 - The article mentions that nearly 120 brands and 1,600 vehicles are competing in the southwest region, indicating a significant market activity [1] - The first A-level car exhibition in the second half of the year is expected to reshape the market landscape for new energy vehicles [1]

证券代码：605287 证券简称：德才股份 公告编号：2025-061 德才装饰股份有限公司 关于2025年半年度计提及转回资产减值准备的公告 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。 德才装饰股份有限公司（以下简称"公司"）为更加真实、准确地反映公司 资产状况和经营成果，根据《企业会计准则》和公司会计政策相关规定，基于谨 慎性原则，公司对截至2025年6月30日合并报表范围内可能存在减值迹象的资产 计提了减值准备。现将相关情况公告如下： 一、 本次计提资产减值准备情况概述 根据《企业会计准则》和公司相关会计政策规定，为客观、公允地反映公司 2025 年 1-6 月的经营成果，公司及下属子公司对截至 2025 年 6 月 30 日的公司 资产进行了减值测试，公司 2025 年 1-6 月转回各项资产减值准备合计 10,088.27 万元。具体情况如下表所示： | 项目 | 2025 年半年度计提金额（万元） | | --- | --- | | 一、信用减值损失 | -9,109.68 | | 其中：应收票据坏账损失 | ...

证券代码：605287 证券简称：德才股份 公告编号：2025-062 德才装饰股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 9 月 10 日 前 访 问 网 址 https://eseb.cn/1r3eCofb0oo 或扫描下方小程序码，点击"互动交流"进行会 前提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注 的问题进行回答。 一、说明会类型 德才装饰股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日在上海 证券交易所网站（www.sse.com.cn）披露了《德才股份 2025 年半年度报告》及 《德才股份 2025 年半年度报告摘要》。为便于广大投资者更加全面深入地了解公 司经营业绩、发展战略等情况，公司定于 2025 年 9 月 10 日（星期三）15:00-16:00 在"价值在线"（www.ir-online.cn）举办 2025 年半年 ...

证券代码：605287 证券简称：德才股份 公告编号：2025-060 德才装饰股份有限公司 第五届董事会第三次会议决议公告 会议由董事长叶德才先生主持，全体高级管理人员列席了会议。会议召开符合 《中华人民共和国公司法》等有关法律、法规、规章和《公司章程》的相关规定。 经各位董事认真审议，会议形成了如下决议： 二、董事会会议审议情况 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 德才装饰股份有限公司（以下简称"公司"）第五届董事会第三次会议于 2025 年 8 月 29 日（星期五）在青岛市崂山区海尔路 1 号甲 5 号楼德才大厦 7 层会议室以 现场结合通讯的方式召开。会议通知已于 2025 年 8 月 19 日以通讯的方式送达各位 董事。本次会议应出席董事 9 人，实际出席董事 9 人。 （一）审议通过《关于公司<2025 年半年度报告及摘要>的议案》 本议案已经公司董事会审计委员会审议通过。 表决结果：9 票同意，0 票反对，0 票弃权。 （二）审议通过《关于修订公司部分制度的议案》 根据《中华 ...

[Important Notice](index=3&type=section&id=Important%20Notice) This section includes declarations, profit distribution plans, forward-looking statement risks, and major risk warnings. [Board of Directors and Senior Management Statement](index=3&type=section&id=Board%20of%20Directors%20and%20Senior%20Management%20Statement) The Board of Directors and senior management affirm the semi-annual report's truthfulness and completeness, assuming legal responsibility; the unaudited financial report is also affirmed by key personnel. - The company's Board of Directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, and assume legal responsibility[6](index=6&type=chunk) - This semi-annual report is unaudited[8](index=8&type=chunk) - Company head Yuan Yonglin, chief accountant Yang Cuifen, and head of accounting department Yang Cuifen declare the financial report is true, accurate, and complete[8](index=8&type=chunk) [Profit Distribution Plan](index=3&type=section&id=Profit%20Distribution%20Plan) The Board of Directors resolved that no profit distribution or capital reserve capitalization will be carried out for the first half of 2025. - The company will not conduct profit distribution or capital reserve capitalization for the first half of 2025[9](index=9&type=chunk) [Forward-Looking Statement Risk Disclaimer](index=3&type=section&id=Forward-Looking%20Statement%20Risk%20Disclaimer) Forward-looking statements regarding future plans and development strategies in this report do not constitute a substantive commitment, and investors should fully recognize risks and understand the differences between plans, forecasts, and commitments. - Forward-looking statements in this report, such as future plans and development strategies, do not constitute a substantive commitment by the company to investors[10](index=10&type=chunk) - Investors and relevant parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments[10](index=10&type=chunk) [Major Risk Warning](index=3&type=section&id=Major%20Risk%20Warning) The company has detailed potential risks in "Section III Management Discussion and Analysis," advising investors to review it. - The company has detailed potential risks in this report; please refer to "Section III Management Discussion and Analysis," "V. Other Disclosure Matters (I) Potential Risks" for details[11](index=11&type=chunk) [Section I Definitions](index=5&type=section&id=Section%20I%20Definitions) This section provides definitions for common terms used in the report, ensuring accurate understanding of its content. [Definitions of Common Terms](index=5&type=section&id=Definitions%20of%20Common%20Terms) This section defines common terms in the report, including company names, major shareholders, subsidiaries, meeting bodies, and reporting periods, to ensure accurate understanding of the report's content. - This section clarifies the meaning of common terms in the report, such as "Company", "This Company", and "Decai Shares" all refer to Decai Decoration Co., Ltd[19](index=19&type=chunk) - Lists the names and abbreviations of major shareholders and subsidiaries, for example, "Chenggao Century Investment" refers to Qingdao Chenshi Private Equity Fund Management Co., Ltd. - Qingdao Chenggao Century Fund Investment Management Center (Limited Partnership)[19](index=19&type=chunk) - Defines "Reporting Period" as January 1, 2025 to June 30, 2025, and "End of Reporting Period" as June 30, 2025[19](index=19&type=chunk) [Section II Company Profile and Key Financial Indicators](index=5&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides the company's basic information, contact details, changes in fundamental situation, information disclosure channels, stock overview, and key financial data and indicators. [Company Basic Information](index=5&type=section&id=Company%20Basic%20Information) This section discloses the company's basic information, including its Chinese name, abbreviation, English name, and legal representative, confirming the full company name as Decai Decoration Co., Ltd. Company Basic Information | Indicator | Content | | :--- | :--- | | Chinese Name | 德才装饰股份有限公司 | | Chinese Abbreviation | 德才股份 | | English Name | Decai Decoration CO.,LTD | | Legal Representative | 袁永林 | [Contact Information](index=5&type=section&id=Contact%20Information) This section provides the names, contact addresses, telephone numbers, and email addresses of the company's Board Secretary and Securities Affairs Representative for investor and stakeholder communication. Company Contact Information | Position | Name | Contact Address | Phone | Email | | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Wang Wenjing | No. 5 Building, No. 1A Haier Road, Laoshan District, Qingdao | 0532-68066976 | decaizqb@126.com | | Securities Affairs Representative | Chen Longxiang | No. 5 Building, No. 1A Haier Road, Laoshan District, Qingdao | 0532-68066976 | decaizqb@126.com | [Brief Introduction to Changes in Basic Information](index=6&type=section&id=Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) This section outlines the company's registered address, office address, website, and email, noting no changes during the reporting period. Company Basic Information | Item | Content | | :--- | :--- | | Company Registered Address | No. 169 Hong Kong Middle Road, Shinan District, Qingdao | | Company Office Address | No. 5 Building, No. 1A Haier Road, Laoshan District, Qingdao | | Company Website | www.decaigroup.com | | Email | decaizqb@126.com | - Both the historical changes in the company's registered address and the inquiry index for changes within the reporting period show no changes[21](index=21&type=chunk) [Information Disclosure and Placement Locations](index=6&type=section&id=Information%20Disclosure%20and%20Placement%20Locations) This section lists the company's designated newspapers for information disclosure, the website address for the semi-annual report, and the report's placement location, with no changes during the reporting period. Information Disclosure Channels | Item | Content | | :--- | :--- | | Information Disclosure Newspapers | "Shanghai Securities News", "China Securities Journal", "Securities Times", "Securities Daily" | | Website Address for Semi-Annual Report | www.sse.com.cn | | Company Semi-Annual Report Placement Location | Company Securities Department | - No changes in information disclosure and placement locations during the reporting period[22](index=22&type=chunk) [Company Stock Overview](index=6&type=section&id=Company%20Stock%20Overview) This section provides basic information about the company's stock, including its type, listing exchange, stock abbreviation, and code. Company Stock Information | Stock Type | Stock Listing Exchange | Stock Abbreviation | Stock Code | Former Stock Abbreviation | | :--- | :--- | :--- | :--- | :--- | | A-share | Shanghai Stock Exchange | 德才股份 | 605287 | - | [Key Accounting Data and Financial Indicators](index=6&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's operating revenue and net profit significantly decreased year-on-year in the first half of 2025, while net cash flow from operating activities turned positive, indicating improved financial resilience, primarily due to slowing market demand and reduced business scale. 2025 First Half Key Accounting Data | Key Accounting Data | Current Period (Jan-Jun) | Prior Year Period | Current Period vs. Prior Year Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,253,083,475.88 yuan | 2,001,042,548.12 yuan | -37.38 | | Total Profit | 61,580,266.79 yuan | 86,956,013.80 yuan | -29.18 | | Net Profit Attributable to Shareholders of Listed Company | 47,105,390.66 yuan | 66,852,418.56 yuan | -29.54 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 37,285,914.05 yuan | 64,524,891.47 yuan | -42.21 | | Net Cash Flow from Operating Activities | 150,528,084.86 yuan | -123,491,131.99 yuan | Not Applicable | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 1,554,035,517.94 yuan | 1,539,284,389.77 yuan | 0.96 | | Total Assets (Period-end) | 11,064,876,375.49 yuan | 11,281,245,827.74 yuan | -1.92 | 2025 First Half Key Financial Indicators | Key Financial Indicators | Current Period (Jan-Jun) | Prior Year Period | Current Period vs. Prior Year Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.3428 | 0.4802 | -28.61 | | Diluted Earnings Per Share (yuan/share) | 0.3428 | 0.4802 | -28.61 | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (yuan/share) | 0.2713 | 0.4634 | -41.46 | | Weighted Average Return on Net Assets (%) | 3.04 | 3.54 | Decrease of 0.50 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 2.41 | 3.42 | Decrease of 1.01 percentage points | - Operating revenue and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses decreased, mainly due to overall market demand slowdown, intensified industry competition, and reduced business scale[26](index=26&type=chunk)

德才装饰股份有限公司 投资者投诉处理工作制度 第一章 总则 第一条 为进一步规范德才装饰股份有限公司（以下简称"公司"）投资 者投诉处理工作，建立健全投资者投诉处理机制，切实保护投资者合法权益， 维护公司资本市场形象，依据《中华人民共和国公司法》《中华人民共和国 证券法》及《上市公司投资者关系管理工作指引》等相关法律、法规和工作 指引，结合公司实际情况，特制定本制度。 第五条 证券部工作人员应针对投资者投诉反映的不同事项、不同诉求， 进行分类处理并采取适当的处理措施，并做好分析研判工作。对于投资者集中 或重复反映的事项，应及时向公司管理层汇报，并制定相应的处理方案，妥善 化解矛盾纠纷，相关情况同时应向公司董事会汇报。 第六条 对投诉处理工作发现的违法侵权行为以及投诉处理不当造成矛 （2） 承接中国证监会"12386"热线的转办件，以及其他间接投诉； （3） 调查、核实投诉事项，提出处理意见，及时答复投诉人； （4） 定期汇总、分析投诉信息，提出加强与改进工作的意见或建议。 第二条 本制度适用于公司处理投资者涉及证券市场信息披露、公司治 理、投资者权益保护等相关的投诉事项。公司客户、员工及其他相关主体对 公司产 ...

德才装饰股份有限公司 会计师事务所选聘制度 二○二五年八月 第一章 总 则 第一条 为规范德才装饰股份有限公司（以下简称"公司"）选聘（含改聘， 下同）会计师事务所的行为，提升审计质量，切实维护股东权益，根据《中华人 民共和国公司法》《中华人民共和国会计法》《国有企业、上市公司选聘会计师 事务所管理办法》《德才装饰股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，结合公司具体情况，特制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规要求， 聘任会计师事务所对财务会计报告、内部控制等发表审计意见、出具审计报告的 行为。公司聘任从事除财务会计报告、内部控制审计之外的其他专项审计业务的 会计师事务所，视重要性程度可参照本制度执行。 第三条 公司聘用或解聘会计师事务所，应当经董事会审计委员会（以下简 称"审计委员会"）审议同意后，提交董事会审议，并由股东会决定。董事会不 得在股东会决定前委托会计师事务所开展工作。 第二章 会计师事务所选聘条件 第四条 公司选聘的会计师事务所应当具备下列条件： （一）具有独立的法人资格，具备国家行业主管部门和中国证监会规定的开 展证券期货相关业务所需的 ...