证券代码：000045、200045 证券简称：深纺织A、深纺织B 公告编号:2025-25 深圳市纺织（集团）股份有限公司 第八届董事会第四十一次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 深圳市纺织（集团）股份有限公司（以下简称"公司"）于 2025 年 8 月 11 日以专人送达和电子邮件的方式发出了召开公司第八届董事会第四十一次会议 的通知，本次董事会会议于 2025 年 8 月 21 日（星期四）上午 10:00 在公司会议 室以现场结合通讯表决方式召开。会议应出席董事 9 人，实际出席董事 9 人，其 中独立董事吴光权、杨高宇、王恺以通讯表决方式出席。会议由董事长尹可非主 持，公司部分监事和高级管理人员列席了会议。本次会议符合《公司法》和公司 《章程》的规定。现将会议审议通过的有关事项公告如下： 一、以 9 票同意、0 票反对、0 票弃权的表决结果审议通过了《2025 年半年 度报告》全文及其摘要； 内容详见 2025 年 8 月 23 日巨潮资讯网（http://www.cninfo.com.cn）公 司《2025 年半年度报告》全 ...

深圳市纺织(集团)股份有限公司 2025 年半年度报告全文 深圳市纺织(集团)股份有限公司 2025 年半年度报告 2025 年 08 月 1 深圳市纺织(集团)股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人尹可非、主管会计工作负责人刘毓及会计机构负责人(会计主 管人员)黄旻声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的未来发展计划等前瞻性陈述，不构成公司对投资者的实 质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解 计划、预测与承诺之间的差异，请投资者注意投资风险。 公司面临宏观经济风险、市场风险、原材料风险、竞争加剧风险，敬请 广大投资者注意投资风险。详细内容见本报告"第三节 管理层讨论与分析" 之"十、公司面临的风险和应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 本报告分别以中、英文编制，在对中外文文本的 ...

Group 1 - The core point of the article indicates that Shenzhen Textile (Group) Co., Ltd. has reported a slight increase in revenue and net profit for the first quarter of 2025, with total operating revenue of 778 million yuan, a year-on-year growth of 2.18%, and a net profit attributable to shareholders of 20.86 million yuan, a year-on-year increase of 0.42% [1] - The company's non-recurring net profit decreased by 17.30% year-on-year to 14.04 million yuan, indicating potential challenges in core operations [1] - The liquidity ratios are strong, with a current ratio of 3.872 and a quick ratio of 2.833, while the debt-to-asset ratio stands at 20.28%, suggesting a solid financial position [1] Group 2 - The company has engaged in significant investment activities, having invested in 58 enterprises and participated in 279 bidding projects [2] - Shenzhen Textile (Group) Co., Ltd. was established in 1982 and primarily operates in the manufacturing of computers, communications, and other electronic devices [1][2] - The registered and paid-in capital of the company is 5.06521849 billion yuan, with the legal representative being Yin Kefi [1]

Core Viewpoint - Shenzhen state-owned enterprises are seen as potential shell acquisition targets due to policy-driven transformations, asset integration needs, and shell resource characteristics [2][3] High Probability Restructuring Targets - Shen Zhen Zhen Ye A (000006) is identified as a high-restructuring probability target [2] - Shen Fang Zhi A (000045) is also categorized under high-restructuring probability [2] Medium Probability Restructuring Targets - Te Fa Information (000070) has a market capitalization of 12.6 billion yuan with a 36.99% stake held by Shenzhen State-owned Assets Supervision and Administration Commission (SASAC) [2] - The real estate sector is under pressure, with a 2023 impairment of 960 million yuan, necessitating a shell transformation [2] - The company has a cash reserve of 5 billion yuan and a 50%-60% probability of asset injection from Shenzhen Guo Mian [2] - Sha He Co., Ltd. (000014) has a market capitalization of 2.8 billion yuan and is controlled by Shenzhen SASAC [2] - The company is characterized as a "small-cap + light asset" with no land reserves, enhancing its shell resource appeal [2] - Strong synergy with Shenzhen Mian Group increases the likelihood of shell acquisition [2] Other Notable Companies - Shen Sai Ge (000058) and Shen Ke Co., Ltd. (002633) are also mentioned as potential restructuring candidates [3][4] - Shen Hui Li plans to acquire 41.89% equity for 1.4 billion yuan, indicating a potential turnaround for the company [4] Investment Strategy Recommendations - Short-term focus on Shen Zhen Zhen Ye A and Sha He Co., Ltd. due to policy catalysts and light asset flexibility [5] - Long-term positioning in Shen Fang Zhi A and Te Fa Information for semiconductor material transformation and AI computing collaboration [5] - Key monitoring points include the progress of Shenzhen "20+8" industry fund and the capital injection path of Shenzhen Guo Mian [3][5]

Group 1 - The stock price of Shenzhen Textile A (000045) closed at 11.29 yuan, down 4.16% with a turnover rate of 4.8% and a trading volume of 219,400 hands, amounting to 251 million yuan [1] - The latest financial report for Shenzhen Textile A shows total operating revenue of 778 million yuan, a year-on-year increase of 2.18%, and a net profit attributable to shareholders of 20.86 million yuan, a year-on-year increase of 0.42%. The non-recurring net profit decreased by 17.30% to 14.04 million yuan [1] - The liquidity ratios for the company are as follows: current ratio at 3.872, quick ratio at 2.833, and debt-to-asset ratio at 20.28% [1] Group 2 - Shenzhen Textile (Group) Co., Ltd. was established in 1982 and is located in Shenzhen, primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The company has a registered capital of 5,065.21849 million yuan and the same amount for paid-in capital [1] - The company has made investments in 58 enterprises and participated in 279 bidding projects, along with holding 12 administrative licenses [2]

Group 1 - The core viewpoint of the article highlights the recent performance and financial metrics of Shenzhen Textile (Group) Co., Ltd., indicating a slight decline in stock price and mixed capital flow [1][3] - As of August 13, 2025, the stock price of Shenzhen Textile A is 11.78 yuan, down 2.16%, with a turnover rate of 6.53% and a trading volume of 298,500 hands, amounting to 356 million yuan [1] - The latest quarterly report shows total operating revenue of 778 million yuan, a year-on-year increase of 2.18%, and a net profit attributable to shareholders of 20.86 million yuan, a year-on-year increase of 0.42% [1] Group 2 - The company reported a non-recurring net profit of 14.04 million yuan, a year-on-year decrease of 17.30%, with a current ratio of 3.872, a quick ratio of 2.833, and a debt-to-asset ratio of 20.28% [1] - Shenzhen Textile (Group) Co., Ltd. was established in 1982 and is primarily engaged in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 5.06521849 billion yuan [1] - The company has made investments in 58 enterprises and participated in 279 bidding projects, along with holding 12 administrative licenses [2]

Core Viewpoint - Shenzhen Textile A has seen a significant increase in stock price, reflecting positive market sentiment and the company's successful transformation into a high-tech industry focused on LCD polarizers [1] Company Overview - Shenzhen Textile (Group) Co., Ltd. is located in the Qianhai Shenzhen-Hong Kong Cooperation Zone and was established in 1984, originally focusing on textile and garment processing [1] - The company has successfully transitioned to specialize in LCD polarizers, becoming a key player in the flat panel display industry [1] - The polarizer project has been recognized as a "major project in Shenzhen," indicating its importance to the local economy [1] Market Performance - As of August 12, the stock price of Shenzhen Textile A rose by 6.35%, reaching 12.23 yuan per share, with a trading volume of 318 million yuan and a turnover rate of 5.9% [1] - The total market capitalization of the company is 6.195 billion yuan [1] Financial Performance - For the period from January to March 2025, Shenzhen Textile A reported a revenue of 778 million yuan, representing a year-on-year growth of 2.18% [1] - The net profit attributable to shareholders was 20.8643 million yuan, showing a slight increase of 0.42% year-on-year [1] - As of March 31, the number of shareholders was 35,100, with an average of 14,400 circulating shares per shareholder [1]

Group 1 - The core viewpoint of the news is that Shenzhen Textile (Group) Co., Ltd. has shown modest financial performance in the first quarter of 2025, with slight revenue growth and a small increase in net profit [1][3] - As of August 5, 2025, Shenzhen Textile A's stock price closed at 10.76 yuan, reflecting a 1.51% increase, with a trading volume of 83,400 hands and a transaction amount of 89.44 million yuan [1] - The company's latest quarterly report indicates total operating revenue of 778 million yuan, a year-on-year increase of 2.18%, and a net profit attributable to shareholders of 20.86 million yuan, a year-on-year increase of 0.42% [1] Group 2 - The company's non-recurring net profit was reported at 14.04 million yuan, showing a year-on-year decrease of 17.30% [1] - Financial ratios include a current ratio of 3.872, a quick ratio of 2.833, and a debt-to-asset ratio of 20.28% [1] - Shenzhen Textile (Group) Co., Ltd. has made investments in 58 companies and participated in 279 bidding projects, along with holding 12 administrative licenses [2]

Core Viewpoint - Deep Textile A has forecasted a decline in net profit for the first half of 2025, attributing this to various factors including product price drops and increased procurement costs due to currency fluctuations [5]. Financial Performance Summary - The expected net profit attributable to shareholders is projected to be between 28 million and 42 million yuan, representing a year-on-year decrease of 4.31% to 36.2% [5]. - The expected net profit after deducting non-recurring gains and losses is estimated to be between 20 million and 30 million yuan, reflecting a decline of 14.89% to 43.26% compared to the previous year [5]. - The basic earnings per share are forecasted to be between 0.0553 yuan and 0.0829 yuan [5]. - In the same period last year, the net profit attributable to shareholders was 43.89 million yuan, and the net profit after deducting non-recurring items was 35.26 million yuan [5]. Factors Affecting Performance - The decline in profitability is attributed to several factors: a decrease in product prices, an increase in procurement costs due to a rising yen exchange rate, and increased R&D investments [5]. - Non-recurring gains and losses are expected to impact net profit by approximately 9.74 million yuan, primarily from fair value changes in bank wealth management products held by the company [5]. Business Overview - Deep Textile A, listed in 1994, initially focused on textile business but has shifted to high-tech industries, primarily in the R&D, production, and sales of polarizers for OLED and LCD displays, as well as property management and textile clothing businesses [5]. Future Growth Drivers - The company identifies several drivers for future profit growth: 1. Accelerating technological innovation and optimizing product structure to increase the proportion of high-margin products like large-size LCD polarizers and advanced polarizers for OLED and automotive applications [6]. 2. Enhancing production capacity and reducing costs through improvements in production line speed and yield, as well as lean management practices [6]. 3. Strengthening strategic leadership and capital operations to innovate and upgrade business, while exploring upstream materials and advanced new materials [6].

Core Viewpoint - Shenzhen Textile (Group) Co., Ltd. is expected to report a significant decline in net profit for the first half of 2025, primarily due to falling product prices, rising procurement costs from yen exchange rate fluctuations, and increased R&D investments [2][4]. Trading Information Summary - As of July 11, 2025, Shenzhen Textile A (000045) closed at 10.73 yuan, down 3.16%, with a turnover rate of 3.4%, trading volume of 155,300 shares, and a transaction value of 166 million yuan [1]. - On the same day, the fund flow indicated a net outflow of 26.972 million yuan from main funds, accounting for 16.22% of the total transaction value, while retail investors saw a net inflow of 12.537 million yuan, representing 7.54% of the total [2][4]. Company Announcement Summary - The company announced a forecast for the first half of 2025, estimating a net profit attributable to shareholders of between 28 million yuan and 42 million yuan, which represents a year-on-year decline of 431% to 362% from the previous year's profit of 43.89 million yuan [2][4]. - The forecasted net profit after excluding non-recurring gains and losses is expected to be between 20 million yuan and 30 million yuan, reflecting a year-on-year decrease of 1489% to 4326% from the previous year's profit of 35.26 million yuan [2]. - The basic earnings per share are projected to be between 0.0553 yuan and 0.0829 yuan, compared to 0.0867 yuan per share in the same period last year [2].