Core Viewpoint - The company, 深纺织A, has denied rumors regarding a potential restructuring and the possibility of a reverse merger with 新凯, stating that such information is untrue [1] Group 1 - The company responded to investor inquiries about rumors of restructuring and a reverse merger [1] - The company emphasized that all disclosed information is in accordance with the announcements made through the media designated by the China Securities Regulatory Commission [1] - As of now, the company confirmed that there are no significant matters that should be disclosed but have not been disclosed [1]

Group 1 - The company, 深纺织A, responded to rumors regarding a potential restructuring and the possibility of a reverse merger with 新凯来, stating that such information is not true [1] - To prevent misinformation, the company emphasized that all information that needs to be disclosed will be announced through media designated by the China Securities Regulatory Commission [1] - As of now, the company confirmed that there are no significant matters that need to be disclosed but have not been disclosed [1]

Core Viewpoint - The company, 深纺织Ａ, has denied rumors regarding a potential restructuring and the possibility of a reverse merger for listing, stating that such information is untrue [1] Summary by Relevant Sections - **Company Response**: 深纺织Ａ addressed investor inquiries on an interactive platform, clarifying that the circulating information about restructuring and reverse listing is not accurate [1] - **Disclosure Policy**: The company emphasized that all information that needs to be disclosed will be made available through the media designated by the China Securities Regulatory Commission, ensuring transparency [1] - **Current Status**: As of now, the company confirmed that there are no significant matters that should be disclosed but have not been disclosed [1]

Core Viewpoint - The article discusses the financial performance of several companies in the display technology sector for the first half of the year, highlighting revenue growth and profitability changes among them. TCL Electronics - TCL Electronics reported revenue of HKD 54.78 billion (approximately RMB 50.06 billion), a year-on-year increase of 20.4%, and a net profit of HKD 10.90 billion (approximately RMB 9.95 billion), up 67.8% [4][5] - The large-size display business showed strong performance with a global TV shipment of 13.46 million units, a 7.6% increase year-on-year, and Mini LED TV shipments of 1.37 million units, up 176.1% [5][6] - The internet business also saw revenue growth of 20.3%, with overseas market revenue increasing by 46.3% [7] Deep Tianma - Deep Tianma achieved revenue of RMB 17.48 billion, a 9.93% increase, and turned a profit with a net profit of RMB 206 million [8][9] - The company focuses on small and medium-sized display technologies, including AMOLED and Micro LED, and reported a 27% increase in automotive display revenue [10] OLED Technology - Aolaide, specializing in OLED materials and equipment, reported revenue of RMB 281 million, down 17.87%, and a net profit of RMB 27 million, down 70.59% [11][12] - The materials business grew by 21.99%, while the evaporation source equipment revenue fell significantly [12][14] Deep Textile - Deep Textile reported revenue of RMB 1.6 billion, a decline of 1.41%, and a net profit of approximately RMB 35 million, down 19.73% [15][16] - The company focuses on high-value products like OLED and LCD polarizers and aims to improve production efficiency [17] Skyworth Digital - Skyworth Digital reported revenue of RMB 4.095 billion, down 8.04%, and a net profit of RMB 54 million, down 70.53% [18][19] - The smart terminal business saw a revenue decline of 12.36%, while the professional display business grew by 5.05% [20] New Xiangwei - New Xiangwei achieved revenue of RMB 285 million, a 23.48% increase, and turned a profit with a net profit of RMB 5 million [21][22] - The growth was attributed to an expanded product range and increased market share [22] Asia Optical - Asia Optical reported revenue of RMB 432 million, a 30.01% increase, but a net profit of RMB 538,000, down 36.21% [25][26] - The company’s electronic paper display module revenue grew significantly by 103.01% [27] Shihua Technology - Shihua Technology reported revenue of RMB 537 million, a 73.79% increase, and a net profit of RMB 193 million, up 86.38% [28][29] - The company is focusing on functional electronic materials and high-performance optical materials, with a new project underway to enhance its product capabilities [30]

Core Insights - The company reported a total revenue of 1.6 billion yuan for the first half of 2025, a year-on-year decrease of 1.41% [1] - The net profit attributable to shareholders was 35.23 million yuan, down 19.73% year-on-year [1] - The company has a significant accounts receivable issue, with accounts receivable amounting to 910.94% of the net profit [11] Financial Performance - Total revenue for 2025 was 1.6 billion yuan, down from 1.623 billion yuan in 2024, a decline of 1.41% [1] - Net profit decreased from 43.89 million yuan in 2024 to 35.23 million yuan in 2025, a drop of 19.73% [1] - Gross margin improved to 14.87%, an increase of 3.25% year-on-year, while net margin fell to 2.97%, down 27.83% [1] - Total expenses (selling, administrative, and financial) rose to 98.33 million yuan, accounting for 6.14% of revenue, an increase of 47.91% [1] Cash Flow and Assets - Cash flow from operating activities increased significantly by 2648.95%, attributed to higher sales collections [5] - Cash and cash equivalents saw a net increase of 215.86%, also due to increased sales collections [8] - The company’s monetary funds rose by 158.20% to 583 million yuan, driven by improved sales collections [2] Debt and Liabilities - Interest-bearing liabilities decreased by 65.20% to 196.7 million yuan, primarily due to loan repayments [1][3] - Long-term borrowings fell by 9.48% as a result of loan repayments [3] Business Model and Evaluation - The company relies heavily on research and development for its business performance [10] - Historical data indicates a weak return on invested capital (ROIC) of 3.34%, with a median ROIC of 1.08% over the past decade [9] - The company has experienced five years of losses since its listing, indicating a generally poor financial performance [9]

Core Points - The company has not declared any cash dividends or stock bonuses for the reporting period [2] - The company has undergone a change in the board secretary, appointing Mr. Huang Min to the position [5][11] - The company has restored the business registration of its joint venture, Shenzhen Xieli, after a court ruling [4] Company Overview - Shenzhen Textile (Group) Co., Ltd. is listed under the stock codes 000045 and 200045, with shares known as Shenfangzhi A and B [5] - The company held its board meeting on August 21, 2025, where the 2025 semi-annual report was approved [8][12] Financial Data - The company reported that all directors attended the board meeting to review the semi-annual report [1] - The board confirmed that there were no changes in the controlling shareholder or actual controller during the reporting period [4] Important Events - The company has been involved in legal proceedings regarding the administrative actions taken against its joint venture, which has now been resolved in its favor [4] - The new board secretary, Mr. Huang Min, has relevant qualifications and experience, ensuring compliance with regulatory requirements [6][7]

Core Viewpoint - The company, Shenzhen Textile A, announced the approval of a proposal regarding the change of the board secretary during its 41st meeting of the 8th board of directors [2] Company Summary - Shenzhen Textile A held its 41st meeting of the 8th board of directors on August 22, where a significant decision was made to change the board secretary [2]

Group 1 - The core point of the article is that Shenzhen Textile A announced the approval of the full text and its summary by the 27th meeting of the eighth supervisory board [2] Group 2 - The announcement was made on the evening of August 22 [2] - The meeting was focused on reviewing the company's operational and financial matters [2] - The decision reflects the company's ongoing governance and compliance efforts [2]

证券日报网讯8月22日晚间，深纺织A发布公告称，同意聘任黄旻先生为公司董事会秘书。 ...

深纺织A8月22日晚间发布公告称，公司于2025年8月21日召开了第八届董事会第四十一次会议，审议通 过了《关于变更董事会秘书的议案》，因工作调整，姜澎女士不再担任董事会秘书，仍在公司担任其他 职务。经董事长提名，董事会提名委员会审核，同意聘任黄旻先生为公司董事会秘书，任期与第八届董 事会任期相同。 （文章来源：每日经济新闻） ...