安徽华茂纺织股份有限公司 2025 年半年度财务报告 安徽华茂纺织股份有限公司 2025 年半年度财务报告 【2025 年 8 月】 1 安徽华茂纺织股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：安徽华茂纺织股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 475,499,154.11 | 441,711,041.86 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 1,192,781,598.00 | 1,146,750,503.00 | | 衍生金融资产 | | | | 应收票据 | 233,877,175.64 | 202,522,264.11 | | 应收账款 | 353,460,172.57 | 389,475,417.97 | | 应收款项融资 | 78,800,888.89 | 117 ...

Core Viewpoint - The company reported a decline in revenue for the first half of 2025, while net profit saw a significant increase, indicating a potential shift in operational efficiency or cost management strategies [1] Financial Performance - The company's revenue for the first half of 2025 was 1.602 billion, representing a year-on-year decrease of 4.09% [1] - Net profit reached 96.5048 million, showing a substantial year-on-year increase of 374.51% [1] Dividend Policy - The company announced plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves [1]

Financial Performance - The company's operating revenue for the first half of 2025 was ¥1,602,108,168.82, a decrease of 4.09% compared to ¥1,670,503,962.21 in the same period last year[18]. - Net profit attributable to shareholders increased significantly to ¥96,504,843.41, up 374.51% from ¥20,337,609.38 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥26,351,275.85, down 57.47% from ¥61,955,481.29 in the same period last year[18]. - The company reported a negative net cash flow from operating activities of ¥48,584,950.65, a decline of 231.69% compared to a positive cash flow of ¥36,894,010.34 last year[18]. - Basic and diluted earnings per share increased to ¥0.106, representing a growth of 381.82% from ¥0.022 in the previous year[18]. - The company's revenue for the reporting period was ¥1,602,108,168.82, a decrease of 4.09% compared to ¥1,670,503,962.21 in the previous year[48]. - The cost of sales was ¥1,409,453,443.82, down 2.26% from ¥1,442,018,113.90 year-on-year[48]. - The gross profit margin for the textile segment was 11.90%, reflecting a decrease of 1.99% compared to the previous year[50]. - Revenue from the textile segment was ¥1,453,496,080.94, a decline of 4.20% from ¥1,517,272,740.29 in the previous year[49]. - The company reported a total profit of ¥83,350,330.23 for the first half of 2025, compared to ¥33,013,869.02 in the first half of 2024, an increase of 152.5%[156]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,342,515,160.00, an increase of 3.80% from ¥7,073,894,680.27 at the end of the previous year[18]. - The net assets attributable to shareholders rose to ¥4,513,959,640.90, up 1.80% from ¥4,434,251,875.35 at the end of the previous year[18]. - Current liabilities rose to CNY 2,016,497,494.71, up from CNY 1,733,280,512.04, primarily due to an increase in short-term borrowings[147]. - Non-current liabilities decreased to CNY 709,149,802.05 from CNY 808,740,405.34, showing improved long-term financial stability[147]. - The company's total financial liabilities remained at ¥0.00, indicating no financial debt[71]. Investment and R&D - Research and development investment increased by 1.76% to ¥55,883,522.93 from ¥54,915,658.32 in the previous year[48]. - The company is investing $1 billion in research and development for new technologies aimed at enhancing user experience[163]. - The company has invested 50 million yuan in R&D for innovative textile technologies[164]. - The company has allocated 1.6 billion for research and development to enhance product innovation and technology[176]. Market and Product Development - The company focuses on the production and sales of various textile products, including high-end yarns and fabrics, with an annual production capacity of over 80,000 tons of yarn and 10 million meters of fabric[25]. - The company is focusing on the development of new fibers and expanding both domestic and overseas markets, aiming to enhance the competitiveness of its "Yinbo" brand fabric[30]. - The company plans to accelerate the adjustment of product structure and enhance new product development, particularly in high-value-added products[33]. - New product launches are anticipated to contribute an additional $2 billion in revenue over the next fiscal year[163]. - New product launches are expected to contribute an additional 1.5 billion yuan in revenue over the next fiscal year[4]. Cash Flow and Liquidity - The company's cash and cash equivalents amounted to ¥475.50 million, representing 6.48% of total assets, an increase from 6.24% in the previous year[67]. - The ending balance of cash and cash equivalents for the first half of 2025 was 475,499,154.11 CNY, compared to 591,632,286.51 CNY in 2024, reflecting a decrease of approximately 19.6%[159]. - The company reported a significant drop in cash inflow from sales, with 2,040,966,147.00 CNY in 2025 compared to 2,092,187,324.29 CNY in 2024, a decline of about 2.5%[158]. Strategic Initiatives - The company has implemented a detailed and standardized procurement process to ensure high-quality cotton supply, leveraging its brand influence and financial strength[29]. - The company is actively promoting its polylactic acid fiber project and has organized nationwide promotional meetings to enhance market development[38]. - The company plans to focus on high-end, intelligent, and green upgrades in traditional industries while developing new biobased materials[89]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 1 billion allocated for this purpose[4]. Shareholder and Governance - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[5]. - The company has not engaged in any significant related party transactions during the reporting period[110]. - The company has implemented a robust governance structure, ensuring the protection of shareholder rights and compliance with relevant laws[99]. - The board approved a dividend of $0.25 per share, reflecting a 4% increase from the previous dividend[169]. Risks and Challenges - The company faces risks from international trade policies and environmental regulations, with plans to increase investment in environmental protection[90]. - The company has maintained its continuous operation capability, with no identified issues affecting its ability to continue operations for the next 12 months[185]. User and Market Data - User data showed an increase in active users by 10 million, reaching a total of 500 million users[163]. - User data showed a growth in active users by 20%, reaching 500,000 users by the end of the reporting period[164]. - User data indicates a steady growth in customer engagement, with a 3.4% increase in active users compared to the last quarter[175].

Market Performance - The textile manufacturing sector increased by 0.64% on August 22, with Nanshan Zhishang leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Stock Performance - Nanshan Zhishang (300918) closed at 22.40, with a rise of 10.02% and a trading volume of 580,200 shares, amounting to a transaction value of 1.273 billion [1] - Other notable performers included Xingye Technology (002674) with a 6.16% increase, closing at 14.64, and Junjie Microfiber (300819) with a 1.49% increase, closing at 26.52 [1] Capital Flow - The textile manufacturing sector experienced a net outflow of 12.02 million from institutional investors and 42.26 million from speculative funds, while retail investors saw a net inflow of 54.28 million [2] - Nanshan Zhishang had a net inflow of 85.95 million from institutional investors, while speculative funds saw a net outflow of 80.12 million [3] Individual Stock Analysis - Huamao Co. (000850) had a significant net inflow of 28.42 million from institutional investors, indicating strong interest [3] - The overall capital flow in the textile sector shows a mixed sentiment, with institutional and speculative funds withdrawing while retail investors are actively buying [2][3]

Core Viewpoint - The cotton fiber industry in China is undergoing a critical transformation, driven by policies promoting intelligent, green, and high-value upgrades, with a focus on domestic demand recovery and export resilience despite import restrictions [1][4][14]. Group 1: Industry Overview - Cotton fiber, a natural seed fiber primarily composed of cellulose, is essential in the textile industry due to its unique structure, which provides softness and moisture absorption [2]. - The industry is categorized into three types based on botanical varieties: short-staple cotton, long-staple cotton, and coarse cotton, and further classified by processing methods and quality indicators [2]. Group 2: Development Background - China has established a systematic policy framework to support the cotton fiber industry, including various development guidelines aimed at technological innovation, green manufacturing, and digital empowerment [4]. - Xinjiang, as a major cotton-producing region, has implemented policies to enhance the cotton and textile industry through subsidies and support for intelligent and green upgrades [4]. Group 3: Current Industry Status - The cotton textile industry in China is experiencing a recovery, with a June 2025 industry prosperity index reaching 50.3%, indicating a return to growth driven by improved domestic consumption and macroeconomic signals [7]. - The domestic cotton market is projected to see an increase in production to 6.664 million tons in the 2024/25 season, while consumption is expected to decrease to 7.8 million tons, leading to a "production increase, demand decrease" scenario [14]. Group 4: Industry Chain Analysis - The cotton fiber industry chain is characterized by upstream large-scale planting, midstream intelligent processing, and downstream diversified applications, with Xinjiang accounting for 90% of national production [9]. - The downstream sector is expanding into high-value areas such as medical cotton products and biodegradable fibers, while the export sector is transitioning towards ODM/OBM models [9][11]. Group 5: Competitive Landscape - The competitive landscape of the cotton fiber industry is marked by a "dual tower" structure, with leading companies like Weiqiao Textile and Huafu Fashion dominating the market through comprehensive industry chain layouts and technological innovation [18][20]. - The industry is witnessing a trend towards increased concentration, with a significant number of small and medium enterprises seeking breakthroughs through equipment upgrades and market repositioning [18]. Group 6: Future Trends - The industry is moving towards intelligent and green transformations, with advancements in biotechnology and digital technology reshaping traditional planting and processing methods [23][24]. - There is a growing emphasis on sustainable development and circular economy practices, with organic cotton production expanding and new biomanufacturing techniques emerging [25][26].

Group 1 - The company's stock price closed at 4.68 yuan on August 5, with an increase of 0.04 yuan from the previous trading day [1] - The trading volume on that day was 126,781 hands, with a transaction amount of 0.59 billion yuan [1] - The total market capitalization of the company is 44.16 billion yuan, with a price-to-earnings ratio of -27.05 [1] Group 2 - The company primarily engages in textile and apparel manufacturing, while also involved in agriculture and cold chain logistics [1] - The company forecasts a net profit of 80 million to 100 million yuan for the first half of 2025, representing a year-on-year growth of 293.36% to 391.7% [1] - On August 5, the company introduced the "2025 Mid-Year Profit Increase" concept [1] Group 3 - The company is set to implement a cash dividend plan for the 2024 fiscal year, distributing 1 yuan for every 10 shares [1] - On August 5, the net outflow of main funds was 1.39 million yuan, with a cumulative net outflow of 12.56 million yuan over the past five days [1]

安徽华茂纺织股份有限公司 分红派息实施公告 证券代码：000850 证券简称：华茂股份 公告编号：2025-017 安徽华茂纺织股份有限公司 2024 年度分红派息实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性 陈述或者重大遗漏。 特别提示： 1、安徽华茂纺织股份有限公司（以下简称"本公司"或"公司"）回购专用证券 账户持有公司A股股份30,113,550.00股，该部分A股股票不享有参与利润分配的权利。 公司2024年度利润分配方案的具体内容为：以截至2024年12月31日公司总股本943,665, 009股扣除存放于公司回购专用证券账户的30,113,550股数为基数，向全体股东每10股 派发现金红利1.0元人民币（含税），现金分红总额（含税）91,355,145.90元。 2、本次利润分配实施后计算除权除息价格时，按公司总股本943,665,009.00股折 算每10股现金分红=实际现金分红总额÷总股本×10=91,355,145.90元÷943,665,009. 00股×10=0.968088元（保留六位小数，最后一位直接截取，不四舍五入）。本次利润 分配实施 ...

安徽华茂纺织股份有限公司 分红派息实施公告 证券代码：000850 证券简称：华茂股份 公告编号：2025-017 安徽华茂纺织股份有限公司 2024 年度分红派息实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性 陈述或者重大遗漏。 特别提示： 1、安徽华茂纺织股份有限公司（以下简称"本公司"或"公司"）回购专用证券 账户持有公司A股股份30,113,550.00股，该部分A股股票不享有参与利润分配的权利。 公司2024年度利润分配方案的具体内容为：以截至2024年12月31日公司总股本943,665, 009股扣除存放于公司回购专用证券账户的30,113,550股数为基数，向全体股东每10股 派发现金红利1.0元人民币（含税），现金分红总额（含税）91,355,145.90元。 2、本次利润分配实施后计算除权除息价格时，按公司总股本943,665,009.00股折 算每10股现金分红=实际现金分红总额÷总股本×10=91,355,145.90元÷943,665,009. 00股×10=0.968088元（保留六位小数，最后一位直接截取，不四舍五入）。本次利润 分配实施 ...

华茂股份（000850）公告，2024年度利润分配方案为：以截至2024年12月31日公司总股本9.44亿股扣除 存放于公司回购专用证券账户的3011.36万股数为基数，向全体股东每10股派发现金红利1元人民币(含 税)，现金分红总额(含税)9135.51万元。股权登记日为2025年8月5日，除权除息日为2024年8月6日。 ...

Performance Forecast - The company expects a net profit of 80 million to 100 million yuan for the first half of 2025, indicating a significant increase of 293.36% to 391.70% compared to the same period last year, where the profit was 20.34 million yuan [1] - The basic earnings per share are projected to be between 0.088 yuan and 0.109 yuan, compared to 0.022 yuan per share in the previous year [1] Non-Recurring Gains - The company reported substantial non-recurring gains, including approximately 39 million yuan from fair value changes of financial assets and about 34 million yuan from investment income from Huishang Bank, totaling around 73 million yuan [1]