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机构风向标 | 欣龙控股(000955)2025年二季度已披露前十大机构持股比例合计下跌2.52个百分点
Xin Lang Cai Jing· 2025-08-22 01:16
Core Insights - Xunlong Holdings (000955.SZ) released its semi-annual report for 2025 on August 22, 2025, indicating significant institutional investor activity [1] Institutional Holdings - As of August 21, 2025, four institutional investors disclosed holdings in Xunlong Holdings A-shares, totaling 141 million shares, which represents 26.19% of the company's total share capital [1] - The institutional investors include Jiaxing Paradise Silicon Valley Equity Investment Co., Ltd., Hainan Zhuhua Science and Technology Trade Co., Ltd., Jiaxing Silicon Valley Paradise Yingyang Investment Partnership (Limited Partnership), and Tibet Xingrui Enterprise Management Service Co., Ltd. [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 2.52 percentage points [1]
欣龙控股(集团)股份有限公司2025年半年度报告摘要
Shang Hai Zheng Quan Bao· 2025-08-21 20:50
Group 1 - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [3] - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period [4][5] - The company revised 22 management systems, including its Articles of Association, to enhance governance and compliance [6] Group 2 - The company is recognized for its innovation capabilities, hosting the only national non-woven materials engineering technology research center in the industry [6] - The company participated in the formulation of three standards, including one national standard and two industry standards, during the reporting period [6] - The company established a graduate training base in collaboration with Hainan Normal University [6] Group 3 - The board meeting, which approved the half-year report, was attended by all directors, confirming compliance with legal and regulatory requirements [2][8]
欣龙控股:2025年半年度净利润约-84万元
Mei Ri Jing Ji Xin Wen· 2025-08-21 16:06
Group 1 - The core viewpoint of the article highlights the financial performance of Xinlong Holdings, indicating a decline in revenue and an ongoing net loss for the first half of 2025 compared to the previous year [2] Group 2 - For the first half of 2025, the company's operating revenue is approximately 222 million yuan, representing a year-on-year decrease of 11.75% [2] - The net profit attributable to shareholders for the same period is a loss of approximately 840,000 yuan, with a basic earnings per share loss of 0.0016 yuan [2] - In comparison, for the first half of 2024, the operating revenue was about 252 million yuan, with a net profit loss of approximately 12.37 million yuan and a basic earnings per share loss of 0.023 yuan [2]
欣龙控股(000955.SZ):上半年净亏损84.33万元
Ge Long Hui A P P· 2025-08-21 10:07
Core Viewpoint - Xunlong Holdings (000955.SZ) reported a decline in revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 222 million yuan, representing a year-on-year decrease of 11.75% [1] - The net profit attributable to shareholders of the listed company was -843,300 yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -4,089,500 yuan [1] - The basic earnings per share were -0.0016 yuan [1]
欣龙控股:2025年上半年净亏损84.33万元
Xin Lang Cai Jing· 2025-08-21 09:18
欣龙控股公告,2025年上半年营业收入2.22亿元,同比下降11.75%。归属于上市公司股东的净亏损 84.33万元,上年同期净亏损1237.26万元。公司计划不派发现金红利,不送红股,不以公积金转增股 本。 ...
欣龙控股(000955) - 2025年半年度财务报告
2025-08-21 09:16
欣龙控股(集团)股份有限公司 2025 年半年度财务报告 欣龙控股(集团)股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 欣龙控股(集团)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:欣龙控股(集团)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 | 235,734,046.53 | 218,199,793.05 | | 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 | 12,033,177.23 | 11,389,295.40 | | 应收账款 | 57,850,000.05 | 67,122,286.51 | | 应收款项融资 | 730,612.24 | 459,175.91 | | 预付款项 | 61, ...
欣龙控股(000955) - 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
2025-08-21 09:16
2025 年 1-6 月非经营性资金占用及其他关联资金往来情况汇总表 | 单位:万元 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 2025 | 年上 | | | | | | | | | | | | 占用方与 | | | | | 2025 年上半 | | | | | | | | | 非经营性 | 资金占用方名 | 上市公司 | 上市公司 | 2025 年期 | | 半年度占 | 年度占用资 | 2025 | 年上半 | 2025 | 年上半年度 | 占用形 | | | | | | | 核算的会 | 初占用资 | | 用累计发 | | | 年度偿还累 | | 期末占用资金余 | | 占用性质 | | | 资金占用 | 称 | 的关联关 | 计科目 | 金余额 | | 生金额(不 | 金的利息 | | | 额 | | 成原因 | | 计发生金额 | | | | 系 | | | | 含利息) | ...
欣龙控股(000955) - 2025 Q2 - 季度财报
2025-08-21 09:15
Section 1 Important Notes, Table of Contents, and Definitions This section provides essential disclaimers, a structured index of the report's content, and definitions of key terms for consistent understanding [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report - The company's Board of Directors, Supervisory Board, and senior management guarantee the report's truthfulness, accuracy, and completeness, free from false statements, misleading representations, or major omissions[4](index=4&type=chunk) - Company's responsible person Yu Chunshan, head of accounting Dai Xiao, and head of accounting department Liu Yuanyuan declare the financial report in this semi-annual report is true, accurate, and complete[4](index=4&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section provides a structured index of the report, listing all major chapters and their starting page numbers for easy navigation - The report comprises nine main chapters, covering important notes, company profile, management discussion and analysis, corporate governance, significant events, share changes, bond information, financial reports, and other submitted data[7](index=7&type=chunk)[8](index=8&type=chunk) [Definitions](index=6&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report to ensure consistent understanding and lists abbreviations for key subsidiaries - Defines key terms such as "Company/Xinlong Holdings", "CSRC", "SZSE", "Hainan Securities Regulatory Bureau", and "This Report"[12](index=12&type=chunk) - Lists abbreviations for major subsidiaries, including Hainan Xinlong Nonwovens, Yichang Xinlong Health Materials, Hunan Xinlong, and Guangdong Juyuantang[12](index=12&type=chunk) Section 2 Company Profile and Key Financial Indicators This section presents the company's basic information and key financial data and indicators for the reporting period [I. Company Profile](index=7&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) This section introduces Xinlong Holdings (Group) Co., Ltd.'s stock abbreviation, stock code, listing exchange, and legal representative - Stock Abbreviation: Xinlong Holdings, Stock Code: **000955**, Listing Exchange: Shenzhen Stock Exchange[14](index=14&type=chunk) - The company's legal representative is Yu Chunshan[14](index=14&type=chunk) [II. Contact Persons and Information](index=7&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section discloses the names, addresses, phone numbers, faxes, and email addresses of the company's Board Secretary and Securities Affairs Representative - The Board Secretary is Zhou Jufeng, and the Securities Affairs Representative is Wang Yan[15](index=15&type=chunk) - Contact address is 23rd Floor, Block B, Internet Finance Building, No. 3 Guoxing Avenue, Meilan District, Haikou City, Hainan Province[15](index=15&type=chunk) [III. Other Information](index=7&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) This section states that the company's registered address, office address, website, email, and information disclosure locations remained unchanged during the reporting period, referring to the 2024 annual report for details - The company's registered address, office address and postal code, website, and email remained unchanged during the reporting period, details can be found in the 2024 annual report[16](index=16&type=chunk) - The securities exchange website and media names/URLs for the company's semi-annual report disclosure, and the report's availability location, remained unchanged during the reporting period, details can be found in the 2024 annual report[17](index=17&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section discloses the company's key accounting data and financial indicators for the current and prior reporting periods, showing a 11.75% decrease in operating revenue but a significant 93.18% reduction in net loss attributable to shareholders, with positive operating cash flow - The company does not need to retrospectively adjust or restate prior year accounting data[18](index=18&type=chunk) Key Accounting Data and Financial Indicators Year-on-Year Change | Indicator | Current Period (RMB) | Prior Year (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 221,964,773.97 | 251,511,439.06 | -11.75% | | Net Profit Attributable to Shareholders of Listed Company | -843,292.24 | -12,372,617.07 | 93.18% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | -4,089,468.34 | -14,800,093.38 | 72.37% | | Net Cash Flow from Operating Activities | 818,405.83 | -22,817,663.85 | 103.59% | | Basic Earnings Per Share (RMB/share) | -0.0016 | -0.0230 | 93.04% | | Diluted Earnings Per Share (RMB/share) | -0.0016 | -0.0230 | 93.04% | | Weighted Average Return on Net Assets | -0.13% | -1.88% | 1.75% | | **Period-end Indicators vs. Prior Year-end:** | | | | | Total Assets (RMB) | 858,204,978.03 | 851,310,724.86 | 0.81% | | Net Assets Attributable to Shareholders of Listed Company (RMB) | 647,248,255.53 | 648,091,547.77 | -0.13% | [V. Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=8&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) This section confirms that there are no differences in net profit and net assets between financial reports prepared under international or overseas accounting standards and Chinese accounting standards during the reporting period - The company's financial reports for the reporting period show no differences in net profit and net assets between International Accounting Standards and Chinese Accounting Standards[20](index=20&type=chunk) - The company's financial reports for the reporting period show no differences in net profit and net assets between overseas accounting standards and Chinese Accounting Standards[21](index=21&type=chunk) [VI. Non-recurring Gains and Losses and Amounts](index=8&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E5%B8%B8%E9%A3%8E%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) This section details the non-recurring gains and losses for the reporting period, totaling RMB 3,246,176.10, and confirms no reclassification of non-recurring items as recurring Non-recurring Gains and Losses and Amounts | Item | Amount (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets (including the write-off portion of asset impairment provisions) | -88,520.85 | | Government grants recognized in current profit or loss (excluding those closely related to the company's normal operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss) | 1,361,413.79 | | Fair value changes and disposal gains/losses from financial assets and liabilities held by non-financial enterprises, excluding effective hedge accounting related to normal business operations | 1,447,618.80 | | Reversal of impairment provisions for receivables subject to separate impairment testing | 41,618.48 | | Gains or losses from contingent events unrelated to the company's normal business operations | 1,208,941.66 | | Other non-operating income and expenses apart from the above | -330,796.69 | | Impact on minority interests (after tax) | 394,099.09 | | **Total** | **3,246,176.10** | - The company has not classified any non-recurring gains and losses listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public – Non-recurring Gains and Losses" as recurring items[25](index=25&type=chunk) Section 3 Management Discussion and Analysis This section offers management's perspective on the company's operations, financial condition, and future outlook, covering business performance, core competencies, and risk factors [I. Principal Businesses During the Reporting Period](index=10&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) During the reporting period, the company maintained stable principal businesses, including nonwoven new materials, pharmaceutical health and consumer goods, and investment and trade, leveraging its advanced position in nonwoven materials for diverse applications - The company's principal businesses remained stable, primarily encompassing three segments: nonwoven new materials, pharmaceutical health and consumer goods, and investment and trade[27](index=27&type=chunk) - Nonwoven new materials business primarily includes spunlace and meltblown nonwovens; the company is the first domestic spunlace nonwoven manufacturer, positioning its products as high-end and differentiated[27](index=27&type=chunk) - Spunlace nonwovens are widely used in medical and health, personal care, protection, home cleaning, beauty and cosmetics, and industrial wiping; meltblown nonwovens are mainly used in air purification, high-efficiency masks, and industrial wiping[28](index=28&type=chunk) - Pharmaceutical health business primarily relies on Guangdong Juyuantang for wholesale and distribution; consumer goods business leverages the company's nonwoven new materials advantage to develop and sell mid-to-high-end health consumer products for families and individuals, mainly through OEM and ODM models[30](index=30&type=chunk)[31](index=31&type=chunk) - Investment and trade business focuses on strategic positioning, seeking investment opportunities aligned with national key industrial directions, with trade products primarily including natural rubber and oil products[31](index=31&type=chunk) [II. Analysis of Core Competencies](index=13&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) Xinlong Holdings' core competencies remained stable, driven by its pioneering brand advantage, experienced talent, national-level R&D capabilities, robust standardized management, and strategic benefits from the Hainan Free Trade Port - The company was the first in China to introduce spunlace nonwoven manufacturing technology and is the first listed company in the nonwoven industry, possessing a pioneering advantage and a high-quality, high-end brand image[32](index=32&type=chunk) - The company has cultivated an excellent talent team with rich production management experience, technical R&D capabilities, and market sales expertise, enhancing team capabilities through external talent acquisition and optimized incentive mechanisms[32](index=32&type=chunk)[33](index=33&type=chunk) - The company possesses the nonwoven industry's only "National Nonwoven Materials Engineering Technology Research Center", "Postdoctoral Research Workstation", and "Asian Nonwoven Materials Engineering Technology Center", demonstrating strong continuous R&D and innovation capabilities[33](index=33&type=chunk)[34](index=34&type=chunk) - The company has established a relatively comprehensive standardized management system, having passed ISO9001, ISO14001, and other certifications, continuously optimizing its management approaches[34](index=34&type=chunk) - As a local listed company in Hainan, the company fully leverages the Hainan Free Trade Port's comprehensive policy advantages in talent introduction, industrial guidance, investment, and trade facilitation to actively deploy new business growth points[34](index=34&type=chunk) [III. Analysis of Principal Business](index=14&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) In H1 2025, Xinlong Holdings faced global economic challenges but saw a recovery in the Chinese nonwoven sector, implementing "stabilize existing, expand new" strategies that improved nonwoven capacity utilization and revenue, significantly reducing net loss, despite a 47.15% decline in pharmaceutical health revenue - In H1 2025, global economic growth faced pressure, and US government tariff policies directly negatively impacted the domestic nonwoven industry[35](index=35&type=chunk)[36](index=36&type=chunk) - From January to June 2025, nonwoven fabric output from enterprises above designated size increased by **4.5%** year-on-year, with operating revenue and total profit growing by **3.1%** and **8.4%** respectively, indicating an overall recovery period for the industry[35](index=35&type=chunk) - The company's management focused on "stabilizing existing and expanding new" targets, expanding markets by developing customers in segmented industries, visiting key overseas clients to address tariffs, and continuously reforming and optimizing the marketing system[36](index=36&type=chunk) - The company accelerates product innovation and iteration by establishing a co-creation and win-win mechanism, promoting early involvement of the R&D system in customer innovation, and continuously iterating distinctive products[36](index=36&type=chunk) - The company employs multiple strategies to continuously strengthen cost reduction and efficiency improvement, including scientifically balancing sales and inventory, systematically reviewing production quality control points, and rationally allocating human resources[37](index=37&type=chunk) - Through these measures, the company's nonwoven business segment saw an increase in overall capacity utilization, revenue growth year-on-year, a significant reduction in net loss attributable to shareholders (excluding non-recurring items), and a trend of marginal improvement in operating performance[37](index=37&type=chunk) Key Financial Data Year-on-Year Change | Indicator | Current Period (RMB) | Prior Year (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 221,964,773.97 | 251,511,439.06 | -11.75% | Primarily due to the company's proactive adjustment of business structure, leading to reduced pharmaceutical sales revenue | | Operating Cost | 200,488,595.45 | 229,704,456.25 | -12.72% | Consistent with the change in operating revenue | | Selling Expenses | 6,345,364.46 | 11,467,110.05 | -44.66% | Primarily due to reduced market promotion expenses | | Administrative Expenses | 14,438,516.03 | 16,441,602.96 | -12.18% | Primarily due to decreased payroll costs | | Financial Expenses | 491,512.47 | 1,485,095.53 | -66.90% | Primarily due to reduced borrowing scale and increased exchange gains | | Income Tax Expense | 63,216.06 | -13,789.15 | 558.45% | Due to increased taxable income | | R&D Investment | 8,256,797.92 | 10,557,483.64 | -21.79% | Due to adjustment in R&D investment pace | | Net Cash Flow from Operating Activities | 818,405.83 | -22,817,663.85 | 103.59% | Primarily due to the company's adjustment and control of operating cash expenditures such as procurement based on business conditions in the current period | | Net Cash Flow from Investing Activities | 4,461,650.46 | -18,174,698.58 | 124.55% | Primarily due to the redemption of wealth management products in the current period | | Net Cash Flow from Financing Activities | 8,674,082.35 | -39,339,123.93 | 122.05% | Primarily due to new bank borrowings in the current period | | Net Increase in Cash and Cash Equivalents | 14,465,373.48 | -79,591,898.34 | 118.17% | Primarily due to redemption of wealth management products and increased bank borrowings in the current period | Operating Revenue Composition (by Industry, Product, Region) | Category | Item | Current Period Amount (RMB) | % of Operating Revenue | Prior Year Amount (RMB) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry** | Textile Industry | 149,485,105.90 | 67.35% | 146,814,182.27 | 58.37% | 1.82% | | | Other Industries | 42,897,437.61 | 19.33% | 49,996,547.76 | 19.88% | -14.20% | | | Pharmaceutical Health Industry | 28,111,168.00 | 12.66% | 53,193,290.29 | 21.15% | -47.15% | | | Other Business Income | 1,471,062.46 | 0.66% | 1,507,418.74 | 0.60% | -2.41% | | **By Product** | Spunlace Products | 92,675,696.84 | 41.75% | 94,079,536.57 | 37.41% | -1.49% | | | Nonwoven Deep Processing Products | 23,894,098.88 | 10.77% | 25,212,285.45 | 10.02% | -5.23% | | | Hot Rolled and Interlining Products | 14,755.01 | 0.01% | - | 0.00% | 0.00% | | | Meltblown Nonwovens | 32,900,555.17 | 14.82% | 27,522,360.25 | 10.94% | 19.54% | | | Trade Business and Others | 42,897,437.61 | 19.33% | 49,996,547.76 | 19.88% | -14.20% | | | Pharmaceutical and Medical | 28,111,168.00 | 12.66% | 53,193,290.29 | 21.15% | -47.15% | | | Other Business Income | 1,471,062.46 | 0.66% | 1,507,418.74 | 0.60% | -2.41% | | **By Region** | Hainan Region | 141,598,947.75 | 63.79% | 152,875,146.93 | 60.79% | -7.38% | | | South China Region | 28,119,451.19 | 12.67% | 53,193,290.29 | 21.15% | -47.14% | | | Central-South Region | 51,378,507.75 | 23.15% | 45,230,036.53 | 17.98% | 13.59% | | | Northeast Region | 867,867.28 | 0.39% | 212,965.31 | 0.08% | 307.52% | [IV. Other Information Required by Disclosure Guidelines for Textile and Apparel Industries](index=18&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%BA%E7%BB%87%E6%9C%8D%E8%A3%85%E7%9B%B8%E5%85%B3%E8%A1%8C%E4%B8%9A%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%8C%87%E5%BC%95%E8%A6%81%E6%B1%82%E7%9A%84%E5%85%B6%E4%BB%96%E4%BF%A1%E6%81%AF) Xinlong Holdings' textile business total capacity is 20,140 tons, with capacity utilization increasing to 44.67%; the company primarily uses a direct sales model, with online sales not exceeding 30%, and reported a 4.09% decrease in selling expenses Company's Own Capacity Status | Indicator | Current Period | Prior Year | | :--- | :--- | :--- | | Total Capacity | 20140 tons | 20140 tons | | Capacity Utilization Rate | 44.67% | 41.66% | - The company's nonwoven materials and OEM/ODM consumer product businesses generally adopt a low-risk, make-to-order operating model, primarily conducted through direct sales[46](index=46&type=chunk) Sales Channel Operating Revenue and Gross Margin | Sales Channel | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Margin | YoY Change in Operating Revenue (%) | YoY Change in Operating Cost (%) | YoY Change in Gross Margin (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Online Sales | 12,404.41 | 8,059.64 | 35.03% | - | - | - | | Direct Sales | 149,472,701.49 | 133,862,588.21 | 10.44% | 1.81% | 0.41% | 1.25% | - Total selling expenses were **RMB 2,616,411.13**, a year-on-year decrease of **4.09%**, primarily due to a **61.81%** reduction in market promotion expenses[48](index=48&type=chunk) Inventory Status | Main Product | Inventory Turnover Days | Inventory Quantity | YoY Change in Inventory Balance | | :--- | :--- | :--- | :--- | | Spunlace Rolls | 54 days | 1,217.21 | 4.31% | | Meltblown Rolls | 21 days | 395.39 | -16.93% | | Finished Deep Processing Products | 35 days | 62.77 | -13.24% | | **Total** | - | 1,675.37 | -1.06% | - The company is not involved in the production and sale of branded apparel, accessories, or home textile products, nor does it have any trademark ownership disputes[51](index=51&type=chunk) [V. Analysis of Non-Principal Business](index=20&type=section&id=%E4%BA%94%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company had no non-principal business analysis during the reporting period - The company had no non-principal business analysis during the reporting period[52](index=52&type=chunk) [VI. Analysis of Assets and Liabilities](index=20&type=section&id=%E5%85%AD%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) As of the reporting period end, Xinlong Holdings' total assets increased by 0.81% to RMB 858,204,978.03, with significant increases in monetary funds, long-term borrowings, and non-current liabilities due within one year, while accounts receivable and inventory decreased, and certain assets are restricted - Total assets at the end of the reporting period were **RMB 858,204,978.03**, an increase of **0.81%** compared to the end of the previous year[19](index=19&type=chunk)[53](index=53&type=chunk) Significant Changes in Asset Composition | Item | Current Period End Amount (RMB) | % of Total Assets | Prior Year End Amount (RMB) | % of Total Assets | % Change | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 235,734,046.53 | 27.47% | 218,199,793.05 | 25.63% | 1.84% | Primarily due to new bank borrowings in the current period | | Accounts Receivable | 57,850,000.05 | 6.74% | 67,122,286.51 | 7.88% | -1.14% | Primarily due to decreased revenue and strengthened sales collection efforts, controlling the scale of accounts receivable | | Inventories | 69,506,179.35 | 8.10% | 72,331,034.95 | 8.50% | -0.40% | Primarily due to a decrease in inventory for turnover | | Long-term Borrowings | 49,800,000.00 | 5.80% | 38,700,000.00 | 4.55% | 1.25% | Primarily due to new long-term borrowings in the current period | | Non-current Liabilities Due Within One Year | 26,900,000.00 | 3.13% | 14,066,574.44 | 1.65% | 1.48% | Primarily due to an increase in long-term borrowings due within one year | | Contract Liabilities | 2,691,634.38 | 0.31% | 6,284,576.90 | 0.74% | -0.43% | Primarily due to a decrease in advance receipts for goods | Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (RMB) | Amount Purchased in Current Period (RMB) | Amount Sold in Current Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | :--- | | Total Financial Assets | 21,544,598.25 | 525,075,270.40 | 525,075,270.40 | 21,034,021.84 | | Financial Liabilities | 0.00 | - | - | 0.00 | Asset Restrictions as of the End of the Reporting Period | Item | Book Value (RMB) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 3,068,880.00 | Judicial freeze due to contract dispute | | Fixed Assets | 115,170,432.72 | Mortgage for borrowings | | Intangible Assets | 47,862,352.72 | Mortgage for borrowings | | **Total** | **166,101,665.44** | - | [VII. Analysis of Investment Status](index=21&type=section&id=%E4%B8%83%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, Xinlong Holdings' investment amounted to RMB 525,000,000.00, a significant 541.03% increase year-on-year, primarily due to the redemption of wealth management products, with no major equity, non-equity, securities, or derivative investments Changes in Investment Amount During the Reporting Period | Investment Amount in Current Period (RMB) | Investment Amount in Prior Year (RMB) | Change Rate | | :--- | :--- | :--- | | 525,000,000.00 | 81,900,000.00 | 541.03% | - Net cash flow from investing activities increased by **124.55%** year-on-year, primarily due to the redemption of wealth management products in the current period[40](index=40&type=chunk) - The company had no significant equity investments, non-equity investments, securities investments, or derivative investments during the reporting period[58](index=58&type=chunk)[59](index=59&type=chunk)[60](index=60&type=chunk) - The company had no use of raised funds during the reporting period[61](index=61&type=chunk) [VIII. Significant Asset and Equity Disposals](index=22&type=section&id=%E5%85%AB%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not dispose of any significant assets or equity during the reporting period - The company did not dispose of significant assets during the reporting period[62](index=62&type=chunk) - The company did not dispose of significant equity during the reporting period[63](index=63&type=chunk) [IX. Analysis of Major Holding and Participating Companies](index=22&type=section&id=%E4%B9%9D%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Xinlong Holdings disclosed that Hainan Xinlong Nonwovens achieved a net profit of RMB 2,110,690.01, while Guangdong Juyuantang Pharmaceutical, Hunan Xinlong Nonwoven Materials, and Yichang Xinlong Health Materials all reported net losses, with no acquisitions or disposals of subsidiaries during the period Financial Status of Major Subsidiaries | Company Name | Company Type | Principal Business | Registered Capital (RMB) | Total Assets (RMB) | Net Assets (RMB) | Operating Revenue (RMB) | Operating Profit (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hainan Xinlong Nonwovens Co., Ltd. | Subsidiary | Production and sales of spunlace, meltblown products | 109,650,000.00 | 252,492,482.84 | 188,712,254.90 | 128,563,958.06 | 2,087,365.01 | 2,110,690.01 | | Guangdong Juyuantang Pharmaceutical Co., Ltd. | Subsidiary | Pharmaceutical sales | 10,050,000.00 | 33,958,481.86 | -5,354,826.54 | 28,127,455.61 | -2,105,692.14 | -2,289,226.36 | | Hunan Xinlong Nonwoven Materials Co., Ltd. | Subsidiary | Production and sales of meltblown products | 83,000,000.00 | 137,321,084.04 | 130,382,586.44 | 30,830,846.36 | -2,609,369.14 | -2,808,411.58 | | Yichang Xinlong Health Materials Co., Ltd. | Subsidiary | Production and sales of pure cotton spunlace | 80,000,000.00 | 62,110,966.64 | -25,002,022.44 | 31,909,209.64 | -1,442,355.78 | -1,420,509.95 | - The company neither acquired nor disposed of subsidiaries during the reporting period[64](index=64&type=chunk) [X. Information on Structured Entities Controlled by the Company](index=23&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company had no structured entities under its control during the reporting period - The company had no structured entities under its control during the reporting period[66](index=66&type=chunk) [XI. Risks Faced by the Company and Countermeasures](index=23&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) Xinlong Holdings faces macroeconomic, industry competition, credit, liquidity, market (foreign exchange, interest rate, raw material price), and talent retention risks, which it addresses through strategic analysis, business expansion, R&D, credit policy optimization, cash flow monitoring, procurement adjustments, and talent development - The company faces macroeconomic risks, as global economic conditions and rising trade protectionism may impact its performance and development prospects[66](index=66&type=chunk) - The company faces industry competition risks, with increased market competition due to the release of new investment capacity in the nonwoven industry and sluggish global economic recovery[66](index=66&type=chunk) - The company faces credit risk, primarily from monetary funds, accounts receivable, and other receivables, addressed by establishing credit policies, continuously monitoring credit exposure, and selecting banks with good credit standing[66](index=66&type=chunk)[67](index=67&type=chunk) - The company addresses liquidity risk by continuously monitoring its short-term and long-term funding needs, ensuring sufficient cash reserves and commitments for adequate backup funds[68](index=68&type=chunk) - The company faces market risks, including foreign exchange risk (export business affected by exchange rate fluctuations), interest rate risk (bank borrowing interest rate fluctuations), and price risk (raw material price fluctuations), addressed by adjusting settlement methods, conducting forward foreign exchange transactions, monitoring interest rate levels, and adjusting procurement strategies[68](index=68&type=chunk)[69](index=69&type=chunk) - The company addresses the risk of talent loss by strengthening talent development and succession planning, improving employee benefits and living conditions, enhancing employee cohesion, and strictly implementing technical innovation incentive policies[71](index=71&type=chunk) [XII. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=25&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not formulated a market value management system or a valuation enhancement plan - The company has not formulated a market value management system[72](index=72&type=chunk) - The company has not disclosed a valuation enhancement plan[72](index=72&type=chunk) [XIII. Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=25&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not disclosed an action plan for "Dual Improvement in Quality and Returns" - The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan[72](index=72&type=chunk) Section 4 Corporate Governance, Environment, and Society This section details changes in corporate governance, profit distribution, environmental disclosures, and social responsibility, emphasizing green development, innovation, and stakeholder welfare [I. Changes in Directors, Supervisors, and Senior Management](index=26&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, there were changes in the company's senior management and Supervisory Board members, with Vice President Ouyang Yu's dismissal and the departure of Supervisor Liu Zeyao, Zhao Ying, and Tan Weidong due to term expiration - Vice President Ouyang Yu was dismissed on March 12, 2025, due to personal reasons[74](index=74&type=chunk) - Supervisory Board Chairman Liu Zeyao, Supervisor Zhao Ying, and Employee Representative Supervisor Tan Weidong resigned on June 20, 2025, due to term expiration[74](index=74&type=chunk) [II. Profit Distribution and Capital Reserve Conversion to Share Capital in the Current Period](index=26&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans no profit distribution or capital reserve conversion to share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[75](index=75&type=chunk) [III. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=26&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[76](index=76&type=chunk) [IV. Environmental Information Disclosure](index=26&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and its key subsidiary, Yichang Xinlong Health Materials Co., Ltd., are included in the list of enterprises required to disclose environmental information, and the listed company experienced no environmental accidents - The listed company and its major subsidiaries are included in the list of enterprises required to disclose environmental information by law[77](index=77&type=chunk) - Yichang Xinlong Health Materials Co., Ltd. is one of the enterprises included in the list of those required to disclose environmental information by law[77](index=77&type=chunk) - The listed company experienced no environmental accidents[77](index=77&type=chunk) [V. Social Responsibility](index=26&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) Xinlong Holdings actively fulfilled its social responsibilities during the reporting period, promoting green development through technological upgrades, strengthening R&D and innovation, ensuring robust corporate governance and shareholder rights, fostering stable relationships with suppliers and customers, and prioritizing employee welfare and development - The company is steadfastly accelerating green development, implementing the national "dual carbon" strategy, promoting energy conservation, emission reduction, and sustainable development through equipment upgrades and production process optimization, and serving as a model national-level green factory[78](index=78&type=chunk)[79](index=79&type=chunk) - The company consistently prioritizes technological innovation, continuously strengthening its R&D capabilities, and has received multiple honors such as advanced manufacturing enterprise, innovative enterprise, and intellectual property advantage enterprise certifications[79](index=79&type=chunk) - The company strictly adheres to CSRC and SZSE requirements, formulating and improving various rules and regulations, actively promoting internal control system construction, perfecting corporate governance structure, and fully respecting and safeguarding the rights of all shareholders, especially minority shareholders[79](index=79&type=chunk)[80](index=80&type=chunk) - The company establishes long-term stable cooperative relationships with upstream raw material suppliers, and focusing on enhancing "product and service capabilities", deeply understands customer needs, and uses its technical R&D capabilities to meet customized customer requirements, becoming their most trusted partner[80](index=80&type=chunk) - The company adheres to a people-oriented philosophy, strictly complies with labor laws and regulations, establishes and continuously optimizes its compensation and incentive systems, prioritizes employee training, strengthens talent development, and safeguards employees' legitimate interests[80](index=80&type=chunk)[81](index=81&type=chunk) Section 5 Significant Events This section details significant events, including commitments, related party transactions, litigation, and other material matters affecting the company's operations and financial position [I. Commitments Fulfilled or Overdue by Controlling Shareholder, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=28&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company had no commitments from its controlling shareholder, shareholders, related parties, acquirers, or the company itself that were fulfilled or overdue during or as of the end of the reporting period - The company had no commitments from its controlling shareholder, shareholders, related parties, acquirers, or the company itself that were fulfilled or overdue during or as of the end of the reporting period[83](index=83&type=chunk) [II. Non-Operating Funds Occupied by Controlling Shareholder and Other Related Parties from the Listed Company](index=28&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) The company had no non-operating funds occupied by its controlling shareholder or other related parties during the reporting period - The company had no non-operating funds occupied by its controlling shareholder or other related parties during the reporting period[84](index=84&type=chunk) [III. Illegal External Guarantees](index=28&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[85](index=85&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=28&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual report was not audited - The company's semi-annual report was not audited[86](index=86&type=chunk) [V. Explanation by the Board of Directors and Supervisory Board on the Accounting Firm's "Non-Standard Audit Report" for the Current Period](index=28&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9A%84%E8%AF%B4%E6%98%8E) This section is not applicable - Not applicable[87](index=87&type=chunk) [VI. Explanation by the Board of Directors on the "Non-Standard Audit Report" for the Previous Year](index=28&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) This section is not applicable - Not applicable[87](index=87&type=chunk) [VII. Bankruptcy and Reorganization Matters](index=28&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy or reorganization matters during the reporting period - The company had no bankruptcy or reorganization matters during the reporting period[87](index=87&type=chunk) [VIII. Litigation Matters](index=29&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) Xinlong Holdings is involved in a significant lawsuit with Hainan Zhuhua Industrial and Trade Co., Ltd. for alleged infringement, seeking RMB 23.58 million, currently under trial; subsidiaries also face multiple sales contract disputes totaling RMB 13.58 million, with 6 cases pending, 1 completed, and 1 settled - The company is involved in a significant litigation and arbitration matter, where Hainan Zhuhua Industrial and Trade Co., Ltd. sued the company for alleged infringement, seeking **RMB 23.58 million** in damages, with the case currently under trial[88](index=88&type=chunk) - Lawsuits involving subsidiaries within the consolidated scope primarily concern sales contract disputes, with a total amount of **RMB 13.58 million** involved[88](index=88&type=chunk) - As of the approval date of this report, subsidiaries have **6** pending lawsuits, **1** completed lawsuit, and **1** settled lawsuit[88](index=88&type=chunk) [IX. Penalties and Rectification Status](index=29&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[89](index=89&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=29&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) The company, its controlling shareholder, and actual controller maintain a good integrity status - The company, its controlling shareholder, and actual controller maintain a good integrity status[90](index=90&type=chunk) [XI. Significant Related Party Transactions](index=29&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company had no significant related party transactions during the reporting period, including those related to daily operations, asset/equity acquisitions or disposals, joint external investments, or related party creditor-debtor relationships - The company had no related party transactions related to daily operations during the reporting period[90](index=90&type=chunk) - The company had no related party transactions involving asset or equity acquisitions or disposals during the reporting period[91](index=91&type=chunk) - The company had no related party transactions involving joint external investments during the reporting period[92](index=92&type=chunk) - The company had no related party creditor-debtor relationships during the reporting period[93](index=93&type=chunk) - There were no deposits, loans, credit lines, or other financial transactions between the company and related financial companies or related parties[94](index=94&type=chunk) - The company had no other significant related party transactions during the reporting period[96](index=96&type=chunk) [XII. Significant Contracts and Their Performance](index=30&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) Xinlong Holdings had no entrustment, contracting, or leasing matters during the reporting period but provided guarantees for subsidiaries totaling RMB 39.7 million, representing 6.13% of net assets, and engaged in wealth management products worth RMB 190 million, all matured without outstanding amounts - The company had no entrustment, contracting, or leasing situations during the reporting period[97](index=97&type=chunk)[98](index=98&type=chunk)[99](index=99&type=chunk) Company's Guarantees for Subsidiaries | Guarantor Name | Announcement Date of Guarantee Limit | Guarantee Limit (RMB 10,000) | Actual Occurrence Date | Actual Guarantee Amount (RMB 10,000) | Guarantee Type | Collateral (if any) | Counter-guarantee (if any) | Guarantee Period | Fulfilled | Related Party Guarantee | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hainan Xinlong Nonwovens Co., Ltd. | March 23, 2023 | 15,000 | May 17, 2023 | 570 | Joint and several liability guarantee, mortgage | Land and property | - | 3 years | No | No | | Hainan Xinlong Nonwovens Co., Ltd. | March 23, 2023 | 15,000 | June 06, 2023 | 500 | Joint and several liability guarantee, mortgage | Land and property | - | 3 years | No | No | | Hainan Xinlong Nonwovens Co., Ltd. | March 23, 2023 | 15,000 | December 21, 2023 | 1,400 | Joint and several liability guarantee, mortgage | Land and property | - | 3 years | No | No | | Hainan Xinlong Nonwovens Co., Ltd. | January 09, 2025 | 15,000 | March 06, 2025 | 1,500 | Joint and several liability guarantee, mortgage | Land and property | - | 3 years | No | No | | Total approved guarantee limit for subsidiaries in current period (B1) | - | 15,000 | - | - | - | - | - | - | - | - | | Total actual guarantee amount for subsidiaries in current period (B2) | - | - | - | 1,500 | - | - | - | - | - | - | | Total approved guarantee limit for subsidiaries at period-end (B3) | - | 15,000 | - | - | - | - | - | - | - | - | | Total actual guarantee balance for subsidiaries at period-end (B4) | - | - | - | 3,970 | - | - | - | - | - | - | | Ratio of total actual guarantee amount (A4+B4+C4) to company's net assets | - | - | - | - | - | - | - | - | - | 6.13% | Wealth Management Status | Specific Type | Source of Funds for Wealth Management | Amount of Wealth Management (RMB 10,000) | Unmatured Balance (RMB 10,000) | Overdue Unrecovered Amount (RMB 10,000) | Impairment Amount for Overdue Unrecovered Wealth Management (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 19,000 | 0 | 0 | 0 | | **Total** | - | **19,000** | **0** | **0** | **0** | [XIII. Explanation of Other Significant Matters](index=32&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company had no other significant matters requiring explanation during the reporting period - The company had no other significant matters requiring explanation during the reporting period[105](index=105&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=32&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) The company had no significant matters concerning its subsidiaries during the reporting period - The company had no significant matters concerning its subsidiaries during the reporting period[106](index=106&type=chunk) Section 6 Share Changes and Shareholder Information This section details changes in share capital, shareholder structure, and holdings of directors, supervisors, and senior management, including controlling shareholders and actual controllers [I. Share Change Status](index=33&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total shares remained at 538,395,000, with restricted shares increasing by 51,850 to 402,025 (0.07%) due to changes in senior management locked shares, and unrestricted shares decreasing accordingly Share Change Status | | Number Before Change (shares) | Percentage Before Change | Net Increase/Decrease in Current Change (shares) | Number After Change (shares) | Percentage After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 350,175.00 | 0.07% | 51,850 | 402,025 | 0.07% | | II. Unrestricted Shares | 538,044,825 | 99.93% | -51,850 | 537,992,975 | 99.93% | | III. Total Shares | 538,395,000 | 100.00% | 0 | 538,395,000 | 100.00% | - The main reason for share changes was the change in senior management locked shares[109](index=109&type=chunk) Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period (shares) | Restricted Shares Increased in Current Period (shares) | Restricted Shares at End of Period (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Ouyang Yu | 66,675 | 22,225 | 88,900 | Locked after senior management departure | | Tan Weidong | 88,875 | 29,625 | 118,500 | Locked after supervisor departure | | **Total** | **155,550** | **51,850** | **207,400** | - | [II. Securities Issuance and Listing Status](index=34&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company had no securities issuance or listing activities during the reporting period - The company had no securities issuance or listing activities during the reporting period[113](index=113&type=chunk) [III. Number of Shareholders and Shareholding Status](index=34&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the reporting period end, Xinlong Holdings had 36,124 common shareholders; the top ten shareholders include Jiaxing Tiantang Silicon Valley Equity Investment Co., Ltd. and its concerted party, holding a combined 16.99% of total share capital, with Hainan Zhuhua Industrial and Trade Co., Ltd. holding 8.45%, some shares pledged and frozen - The total number of common shareholders at the end of the reporting period was **36,124**[114](index=114&type=chunk) Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held at Period-End (shares) | Change in Current Period (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | Share Status | Number of Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Jiaxing Tiantang Silicon Valley Equity Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 10.24% | 55,144,810 | 0 | 0 | 55,144,810 | Not applicable | 0 | | Hainan Zhuhua Industrial and Trade Co., Ltd. | Domestic Non-State-Owned Legal Person | 8.45% | 45,508,591 | 0 | 0 | 45,508,591 | Pledged | 45,450,000 | | | | | | | | | Frozen | 15,788,591 | | Jiaxing Silicon Valley Tiantang Yingyang Investment Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 6.75% | 36,345,100 | 2,710,800 | 0 | 36,345,100 | Not applicable | 0 | | SHANGLONG XU | Overseas Natural Person | 2.04% | 11,000,000 | 9,266,400 | 0 | 11,000,000 | Not applicable | 0 | | HAN WENJING | Domestic Natural Person | 1.03% | 5,570,000 | 5,570,000 | 0 | 5,570,000 | Not applicable | 0 | | JUANLING WU | Overseas Natural Person | 0.80% | 4,321,100 | 3,422,800 | 0 | 4,321,100 | Not applicable | 0 | | Tibet Xingrui Enterprise Management Service Co., Ltd. | Domestic Non-State-Owned Legal Person | 0.75% | 4,029,902 | 2,549,902 | 0 | 4,029,902 | Not applicable | 0 | | CHEN JIE | Domestic Natural Person | 0.59% | 3,199,352 | 155,000 | 0 | 3,199,352 | Not applicable | 0 | | XU HAOTIAN | Overseas Natural Person | 0.56% | 3,016,401 | 3,016,401 | 0 | 3,016,401 | Not applicable | 0 | | LIU HUIMIN | Domestic Natural Person | 0.53% | 2,856,873 | -23,000 | 0 | 2,856,873 | Not applicable | 0 | - Jiaxing Tiantang Silicon Valley Equity Investment Co., Ltd. and Jiaxing Silicon Valley Tiantang Yingyang Investment Partnership (Limited Partnership) are both controlled by Silicon Valley Tiantang Industrial Group Co., Ltd., forming a concerted action relationship[115](index=115&type=chunk) [IV. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=35&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period, as detailed in the 2024 annual report - The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period, details can be found in the 2024 annual report[116](index=116&type=chunk) [V. Changes in Controlling Shareholder or Actual Controller](index=35&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[117](index=117&type=chunk) - The company's actual controller remained unchanged during the reporting period[117](index=117&type=chunk) [VI. Preferred Share Information](index=36&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[118](index=118&type=chunk) Section 7 Bond Information This section confirms the absence of bond-related information during the reporting period [Bond Information](index=37&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[120](index=120&type=chunk) Section 8 Financial Report This section presents Xinlong Holdings' unaudited semi-annual financial statements, including balance sheet, income statement, cash flow, and equity changes, with notes on accounting policies, taxes, and financial items [I. Audit Report](index=38&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was unaudited - The company's semi-annual financial report was unaudited[122](index=122&type=chunk) [II. Financial Statements](index=38&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides Xinlong Holdings' consolidated and parent company financial statements for H1 2025, including the balance sheet, income statement, cash flow statement, and statement of changes in owner's equity, offering core data on financial position, operating results, and cash flow changes Key Consolidated Balance Sheet Data (Period-End Balance) | Item | Amount (RMB) | | :--- | :--- | | Monetary Funds | 235,734,046.53 | | Accounts Receivable | 57,850,000.05 | | Inventories | 69,506,179.35 | | Fixed Assets | 253,887,291.49 | | Total Assets | 858,204,978.03 | | Short-term Borrowings | 20,000,000.00 | | Long-term Borrowings | 49,800,000.00 | | Total Liabilities | 153,939,979.32 | | Total Equity Attributable to Parent Company Owners | 647,248,255.53 | | Total Owners' Equity | 704,264,998.71 | Key Consolidated Income Statement Data (Current Period) | Item | Amount (RMB) | | :--- | :--- | | Total Operating Revenue | 221,964,773.97 | | Total Operating Costs | 228,024,270.32 | | Operating Profit (Loss indicated by "-") | -1,713,094.22 | | Total Profit (Total Loss indicated by "-") | -2,043,890.91 | | Net Profit (Net Loss indicated by "-") | -2,107,106.97 | | Net Profit Attributable to Parent Company Shareholders (Net Loss indicated by "-") | -843,292.24 | | Basic Earnings Per Share (RMB/share) | -0.0016 | Key Consolidated Cash Flow Statement Data (Current Period) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | 818,405.83 | | Net Cash Flow from Investing Activities | 4,461,650.46 | | Net Cash Flow from Financing Activities | 8,674,082.35 | | Net Increase in Cash and Cash Equivalents | 14,465,373.48 | | Cash and Cash Equivalents at Period-End | 232,665,166.53 | [III. Company Basic Information](index=56&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section outlines the company's registration, organizational form, headquarters, business nature, main operations, financial report approval body, and scope of consolidated financial statements, identifying its industry as manufacturing—textile and its actual controllers as Wang Linjiang and Li Guoxiang - The company's registered address is Laocheng Industrial Development Zone, Chengmai County, and its headquarters address is 23rd Floor, Block B, Internet Finance Building, No. 3 Guoxing Avenue, Meilan District, Haikou City, Hainan Province[159](index=159&type=chunk) - The company's industry is Manufacturing—C17 Textile Industry, with main products being spunlace, meltblown, and other nonwoven materials and their products[160](index=160&type=chunk) - The company's actual controllers are Wang Linjiang and Li Guoxiang[159](index=159&type=chunk) - A total of **15** subsidiaries were included in the scope of consolidated financial statements for the current period[163](index=163&type=chunk) [IV. Basis of Financial Statement Preparation](index=56&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) This section states that the company's financial statements are prepared on a going concern basis, in accordance with enterprise accounting standards, and a 12-month going concern assessment found no significant doubts - These financial statements are prepared on a going concern basis, in accordance with actual transactions and relevant provisions of enterprise accounting standards[164](index=164&type=chunk) - The company assessed its ability to continue as a going concern for 12 months from the end of the reporting period and found no matters or circumstances that cast significant doubt on its going concern ability[165](index=165&type=chunk) [V. Significant Accounting Policies and Estimates](index=57&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details Xinlong Holdings' significant accounting policies and estimates for financial statement preparation, covering financial instrument recognition, expected credit loss for receivables and inventory, fixed asset depreciation, intangible asset amortization, and revenue recognition, all in compliance with enterprise accounting standards - The financial statements prepared by the company based on the aforementioned basis comply with the requirements of the latest Enterprise Accounting Standards and their application guidelines, interpretations, and other relevant regulations issued by the Ministry of Finance (collectively referred to as "Enterprise Accounting Standards")[167](index=167&type=chunk) - The company's accounting year runs from January 1 to December 31 of the Gregorian calendar, and RMB is used as the functional currency[168](index=168&type=chunk)[170](index=170&type=chunk) - The company classifies financial assets based on its business model for managing financial assets and the cash flow characteristics of the financial assets, including those measured at amortized cost, at fair value through other comprehensive income, and at fair value through profit or loss[198](index=198&type=chunk) - The company applies the simplified model for expected credit losses to accounts receivable, always measuring loss provisions at the amount of expected credit losses over the entire lifetime[220](index=220&type=chunk) - Inventories are valued at planned cost (only for the nonwoven segment; pharmaceutical and trade segments' inventories are valued at purchase cost), and issued inventories are accounted for using the weighted average method at month-end[229](index=229&type=chunk)[230](index=230&type=chunk) - Fixed assets are depreciated using the straight-line method; all intangible assets have finite useful lives and are amortized using the straight-line method over their estimated useful lives[253](index=253&type=chunk)[264](index=264&type=chunk) - The company recognizes revenue when it satisfies a performance obligation in a contract, which is when the customer obtains control of the related goods[282](index=282&type=chunk) [VI. Taxes](index=82&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) This section discloses the company's main tax categories and rates, along with tax incentives, including a 15% corporate income tax rate for high-tech enterprises and Hainan Free Trade Port companies, small and micro enterprise income tax benefits, R&D expense super deduction, and advanced manufacturing VAT credit Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Sales of goods, provision of processing, repair and maintenance services, leasing services | Exempt, 3%, 6%, 9%, 13% | | Urban Maintenance and Construction Tax | Amount of turnover tax payable | 5%, 7% | | Corporate Income Tax | Taxable income | 15%, 20%, 25% | | Education Surcharge | Amount of turnover tax payable | 3% | | Local Education Surcharge | Amount of turnover tax payable | 2% | | Property Tax | Based on 70%, 75% of original property value (or rental income) | 1.2%, 12% | | Land Use Tax | Based on land area | RMB 12, 6, 5, 3 / square meter | - Xinlong Holdings, Hainan Xinlong Nonwovens, Hunan Xinlong Nonwoven Materials Co., Ltd., and Yichang Xinlong Health Materials Co., Ltd. are recognized as high-tech enterprises, with corporate income tax rates applied at **15%**[314](index=314&type=chunk)[315](index=315&type=chunk) - Companies in the Hainan region are classified as encouraged enterprises, enjoying a preferential corporate income tax rate of **15%** under the Hainan Free Trade Port policy[316](index=316&type=chunk) - The company and its relevant subsidiaries qualify for the R&D expense super deduction policy (**100%** additional deduction) and the advanced manufacturing enterprise VAT credit policy (**5%** credit)[317](index=317&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=84&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on Xinlong Holdings' consolidated financial statement items, including restricted monetary funds, impairment provisions for accounts receivable and inventory, fixed and intangible asset composition and pledges, short-term and long-term borrowings, employee compensation, taxes, and various income and expense items - Monetary funds at period-end totaled **RMB 235,734,046.53**, of which **RMB 3,068,880.00** was judicially frozen[320](index=320&type=chunk) - Accounts receivable at period-end had a book value of **RMB 57,850,000.05**, with an allowance for doubtful accounts of **RMB 12,223,910.81**[331](index=331&type=chunk) - Inventories at period-end had a book value of **RMB 69,506,179.35**, with an inventory impairment provision of **RMB 19,089,838.24**[385](index=385&type=chunk) - Fixed assets at period-end had a book value of **RMB 253,887,291.49**, of which **RMB 516,787,162.75** in original cost (book value **RMB 115,170,432.72**) was pledged or guaranteed for borrowings[412](index=412&type=chunk)[417](index=417&type=chunk) - Intangible assets at period-end had a book value of **RMB 76,499,546.45**, of which **RMB 104,413,633.43** in original cost (book value **RMB 47,862,352.72**) was pledged for borrowings[426](index=426&type=chunk)[429](index=429&type=chunk) - Short-term borrowings at period-end totaled **RMB 20,000,000.00**, long-term borrowings totaled **RMB 49,800,000.00**, and non-current liabilities due within one year totaled **RMB 26,900,000.00**[454](index=454&type=chunk)[486](index=486&type=chunk)[482](index=482&type=chunk) - Operating revenue was **RMB 221,964,773.97**, and operating cost was **RMB 200,488,595.45**[522](index=522&type=chunk) - Investment income was **RMB 1,981,941.85**, primarily comprising income from long-term equity investments accounted for using the equity method, investment income from bank wealth management products, and gains/losses from other contingent events[542](index=542&type=chunk) - Credit impairment loss was **RMB -361,057.43**, and asset impairment loss was **RMB -1,723,900.53**[544](index=544&type=chunk)[546](index=546&type=chunk) [VIII. R&D Expenses](index=128&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) This section discloses the R&D expenses for the reporting period, totaling RMB 1,956,409.76, all of which were expensed R&D Expense Status | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Employee Compensation | 1,489,836.88 | 1,706,172.44 | | Other | 466,572.88 | 348,608.28 | | **Total** | **1,956,409.76** | **2,054,780.72** | | Of which: Expensed R&D | 1,956,409.76 | 2,054,780.72 | [IX. Changes in Consolidation Scope](index=129&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) The company had no changes in its consolidation scope during the reporting period due to non-same control business combinations, same control business combinations, reverse acquisitions, disposals of subsidiaries leading to loss of control, or other reasons - The company had no business combinations involving entities not under common control during the reporting period[585](index=585&type=chunk) - The company had no business combinations involving entities under common control during the reporting period[588](index=588&type=chunk) - The company had no reverse acquisitions during the reporting period[591](index=591&type=chunk) - The company had no transactions or events involving the disposal of subsidiaries leading to loss of co
欣龙控股(000955) - 半年报董事会决议公告
2025-08-21 09:15
本公司及董事会全体成员保证公告内容的真实、准确、完整,没有虚假记载、 误导性陈述或者重大遗漏。 欣龙控股(集团)股份有限公司(以下简称"公司")第九届董 事会第三次会议于 2025 年 8 月 21 日在海南省海口市美兰区国兴大道 3 号互联网金融大厦 B 座 23 层一号会议室以现场结合视频的方式召 开。本次会议应参加人数为 7 人,实际参加人数为 7 人。其中:现场 出席 2 人,5 人以视频方式参加会议。会议由于春山先生主持会议。 会议符合《公司法》及《公司章程》的规定。 会议审议并通过了《2025 年半年度报告全文及摘要》。 具体内容详见公司同日披露的《2025 年半年度报告》和《2025 年半年度报告摘要》。 证券代码:000955 证券简称:欣龙控股 公告编号:2025-036 欣龙控股(集团)股份有限公司 第九届董事会第三次会议决议公告 表决结果:7 票同意,0 票弃权,0 票反对,本议案通过。 特此公告 欣龙控股(集团)股份有限公司 董 事 会 2025 年 8 月 21 日 ...
趋势研判!2025年中国熔喷无纺布行业生产工艺、发展历程、产业链、产量及未来趋势分析:下游需求潜力巨大,熔喷无纺布产量将达12万吨[图]
Chan Ye Xin Xi Wang· 2025-08-21 01:21
Core Viewpoint - The meltblown nonwoven fabric industry is experiencing significant growth driven by increasing demand in various applications, particularly in medical and environmental sectors, with production expected to reach 120,000 tons by 2025 [1][14]. Industry Overview - Meltblown nonwoven fabric is produced through a unique process that creates fine fibers, primarily using polypropylene, which provides excellent filtration and adsorption capabilities [3][5]. - The industry has seen a compound annual growth rate (CAGR) of 16.65% from 2015 to 2020, with production increasing from 46,300 tons to 100,000 tons [14]. Production and Capacity - In 2024, the production capacity of meltblown nonwoven fabric is projected to reach approximately 110,000 tons, a 10% increase from the previous year, supported by the addition of 32 new production lines [1][14]. - The production process involves several steps, including polymer feeding, melting, fiber formation, cooling, web formation, and fabric consolidation [5][10]. Industry Development History - The meltblown technology was introduced to China in the 1990s and has evolved significantly, particularly after public health events that increased market recognition and demand [6][8]. - The COVID-19 pandemic has accelerated the industry's growth, expanding applications beyond traditional uses to include medical and environmental protection [6][8]. Industry Chain - The upstream of the meltblown nonwoven fabric industry includes raw materials like polypropylene and equipment such as extruders and melt-blown machines [12]. - The downstream applications encompass a wide range of sectors, including filtration materials, medical protective materials, insulation materials, and more [12]. Key Companies - Major players in the meltblown nonwoven fabric industry include Xunlong Holdings, Chongqing Zaiseng Technology, Jiangsu Liyang New Materials, and others, each focusing on different segments of the market [2][16]. - Xunlong Holdings specializes in high-end nonwoven materials and has established a strong brand presence in both domestic and international markets [18][19]. Future Trends - The industry is expected to focus on technological innovation, leading to the development of high-performance, multifunctional meltblown fabrics [23]. - Applications are anticipated to expand into emerging fields such as environmental protection, energy, and consumer electronics, driven by increasing health awareness and regulatory pressures [24][25].