Group 1: Company Overview - Fuxing Co., Ltd. was successfully listed on the Shenzhen Stock Exchange in June 1999, transitioning from conventional metal products to high-end steel cord products, including radial tire steel cords and steel wires, becoming a key manufacturing base in China for metal wire products [2] - The company established a real estate development subsidiary, Fuxing Huiyu, in January 2001, seizing opportunities from the 2004 urban renewal policies in Wuhan, and has become a leading enterprise in urban renewal in Hubei Province [2] - The controlling shareholder, Fuxing Group Holdings Co., Ltd., holds a 20.56% stake and has consistently supported the company's development without reducing its shareholding [2] Group 2: Financial Performance - In the first half of 2025, the company achieved a revenue of 733 million CNY, with real estate contributing 217,000 square meters in settlement area and a revenue of 1.0 billion CNY, while sales area increased by 27.71% year-on-year [3] - The metal products segment generated a revenue of 420 million CNY, and the net cash flow from operating activities reached 684 million CNY, marking a 273.01% increase year-on-year [3] - The hot-selling property "Fuxing Huiyu·Boya Mansion" achieved sales exceeding 1.5 billion CNY in the first half of the year, ranking third in Wuhan's TPO [3] Group 3: Future Development Plans - In April 2025, the company launched a "Valuation Enhancement Plan" aimed at optimizing asset structure and business layout while solidifying core operations [3] - The company is actively seeking capital operation opportunities and focusing on sectors such as semiconductor equipment, chip manufacturing, high-end manufacturing, domestic equipment replacement, and new energy materials [3]

Core Viewpoint - The financial performance of Fuxing Co., Ltd. has significantly deteriorated in the first half of 2025, with substantial declines in revenue and net profit compared to the previous year [1] Financial Performance Summary - Total revenue for the first half of 2025 was 733 million yuan, a decrease of 56.22% year-on-year [1] - The net profit attributable to shareholders was -658 million yuan, a decline of 1821.36% year-on-year [1] - In Q2 2025, total revenue was 388 million yuan, down 34.03% year-on-year, and net profit was -562 million yuan, a drop of 3373.29% year-on-year [1] - The gross margin was 12.68%, a decrease of 54.94% year-on-year, while the net margin was -91.2%, down 4109.38% year-on-year [1] - The total of selling, administrative, and financial expenses reached 306 million yuan, accounting for 41.83% of total revenue, an increase of 163.46% year-on-year [1] Key Financial Ratios - Earnings per share were -0.41 yuan, a decrease of 1328.87% year-on-year [1] - The net asset per share was 5.51 yuan, down 48.18% year-on-year [1] - Operating cash flow per share was 0.43 yuan, an increase of 223.65% year-on-year [1] Business Evaluation - The company's historical return on invested capital (ROIC) has been weak, with a median of 3% over the past decade and a particularly poor ROIC of -13.42% in 2024 [3] - The business model relies heavily on marketing-driven strategies, necessitating a deeper analysis of the underlying factors [3] Cash Flow and Debt Situation - The cash flow situation is concerning, with cash and cash equivalents to current liabilities at only 13.93% and a three-year average operating cash flow to current liabilities of 8.34% [3] - The interest-bearing debt ratio has reached 20.4%, indicating a significant debt burden [3] Inventory Management - The inventory to revenue ratio has reached 207.01%, suggesting potential issues with inventory management [3] Future Strategies - The company plans to enhance its research on the industry and market, adjust product structures based on supply and demand, and improve quality management to expand sales and achieve economic benefits [4]

Core Viewpoint - Fuxing Co., Ltd. reported a significant decline in revenue and substantial net losses for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved an operating revenue of 733 million yuan, representing a year-on-year decrease of 56.22% [1] - The net loss attributable to shareholders of the listed company was 658 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 629 million yuan [1] - The basic loss per share was 0.4129 yuan [1]

Group 1 - The company, Fuxing Co., Ltd. (SZ 000926), announced the convening of its 11th Board of Directors' meeting on August 28, 2025, to review the proposal for the 2025 semi-annual report [1] - For the fiscal year 2024, the company's revenue composition is as follows: Real estate accounts for 89.0%, metal products account for 9.91%, and other industries account for 1.09% [1] - As of the report date, Fuxing Co., Ltd. has a market capitalization of 4.6 billion yuan [1]

湖北福星科技股份有限公司 2025 年半年度财务报告 湖北福星科技股份有限公司 2025 年半年度财务报告 （未经审计） 2025 年 8 月 1 湖北福星科技股份有限公司 2025 年半年度财务报告 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：湖北福星科技股份有限公司 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 | 1,668,604,998.78 | 1,154,945,156.53 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 210,043,655.36 | 146,400,190.69 | | 应收账款 | 299,270,285.66 | 271,180,783.48 | | 应收款项融资 | 26,801,511.10 | 29,173,219.70 | | 预付款项 ...

上市公司2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：湖北福星科技股份有限公司 金额单位：人民币万元 | 非经营性资金 | | 占用方与上市公 | 上市公司核算的 | 2025年初占 | 2025年半年度占用累计 | 2025年半年度占用资 | 2025年半年度 | 2025年半年度末 | 占用形成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占用 | 资金占用方名称 | 司的关联关系 | 会计科目 | 用资金余额 | 发生金额（不含利息） | 金的利息（如有） | 偿还累计发生 | 占用资金余额 | 原因 | | | 现大股东及其 | | | | | | | 额 | | | | | 附属企业 | | | | | | | | | | | | 小 计 | —— | —— | —— | | | | | | —— | —— | | 前大股东及其 | | | | | | | | | | | | 附属企业 | | | | | | | | | | | | 小 计 | —— | —— ...

湖北福星科技股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况的专项报告 湖北福星科技股份有限公司 董事会关于 2025 年半年度募集资金存放与实际使用情况 的专项报告 根据中国证监会发布的《上市公司募集资金监管规则》和深圳证券交易所发布的《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等有关规定，湖北福 星科技股份有限公司（以下简称"公司"或"本公司"）董事会编制了截至 2025 年 6 月 30 日的募集资金年度存放与实际使用情况的专项报告。 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意湖北福星科技股份有限公司向特定对象 发行股票注册的批复》（证监许可[2023]1348 号），本公司向特定对象发行股票数量 223,491,752 股，每股面值为人民币 1 元，每股发行价格为人民币 3.64 元，募集资金总额为 人民币 81,351.00 万元，扣除各项发行费用（不含税）人民币 790.76 万元后，实际募集资金 净额为人民币 80,560.24 万元。中审众环会计师事务所（特殊普通合伙）对募集资金到位情 况进行了审验并出具了众环验字(2023) ...

股票代码：000926 股票简称：福星股份 编号：2025-030 | 项目 | 计提金额 | 计提原因 | | --- | --- | --- | | 1、存货跌价准 | | 存货按照成本与可变现净值孰低计量。当其可变 | | 备及合同履约 | 20,413.47 | 现净值低于成本时，提取存货跌价准备。 | | 成本减值 | | | | 2、投资性房地 | | 投资性房地产以投资性房地产的公允价值为基 | | 产公允价值变 | 5,617.86 | 础调整其账面价值，公允价值与原账面价值之间 | | 动损失 | | 的差额计入当期损益。 | | 合计 | 26,031.33 | | 二、本次计提资产减值准备合理性的说明 湖北福星科技股份有限公司 关于 2025 年半年度计提资产减值准备的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 湖北福星科技股份有限公司（以下简称公司）于 2025 年 8 月 28 日召开第十 一届董事会第二十一次会议和第十一届监事会第十三次会议，审议通过了《关于 2025 年半年度计提资产减值准备的议案》，具体情况如下： 一、本次 ...

湖北福星科技股份有限公司 2025 年半年度财务报表 | 在建工程 | | | | --- | --- | --- | | 生产性生物资产 | | | | 油气资产 | | | | 使用权资产 | 62,666,153.28 | 65,757,859.48 | | 无形资产 | 48,340,070.06 | 49,142,158.50 | | 其中：数据资源 | | | | 开发支出 | | | | 其中：数据资源 | | | | 商誉 | | | | 长期待摊费用 | | | | 递延所得税资产 | 435,448,166.60 | 565,659,373.16 | | 其他非流动资产 | | 295,400.00 | | 非流动资产合计 | 6,348,944,627.35 | 6,581,154,589.97 | | 资产总计 | 28,600,965,370.41 | 28,114,894,246.68 | | 流动负债： | | | | 短期借款 | 579,660,773.26 | 585,116,957.50 | | 向中央银行借款 | | | | 拆入资金 | | | | 交易性金融负债 | ...

股票代码：000926 股票简称：福星股份 编号：2025-031 湖北福星科技股份有限公司 第十一届监事会第十三次会议决议公告 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、监事会会议召开情况 湖北福星科技股份有限公司（以下简称公司）第十一届监事会第十三次会议 通知于 2025 年 8 月 22 日以电子邮件方式送达全体监事，会议于 2025 年 8 月 28 日在公司会议室以现场方式召开，会议由公司监事会主席李俐女士主持。应到监 事 3 人，实到监事 3 人，会议的召开符合《公司法》和本公司章程的有关规定。 二、监事会会议审议情况 表决结果：3 票同意、0 票反对、0 票弃权。 表决结果：3 票同意，0 票反对，0 票弃权。 经审核，监事会认为董事会编制和审议公司 2025 年半年度报告全文及摘要 的程序符合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地 反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同日刊登在巨潮资讯网上的《2025 年半年度报告》和 《2025 年半年度报告摘要》。 （二）审议通过《 ...