Summary of Key Points Core Viewpoint - The report highlights the significant role of CFOs in A-share listed companies, emphasizing their influence on financial health, strategic decision-making, and overall company performance. The total compensation for CFOs in A-shares reached 4.243 billion yuan, with an average salary of 760,300 yuan [1]. Group 1: CFO Compensation - The highest annual salary for a CFO in the A-share market is 2.3533 million yuan, while the lowest is 81,600 yuan, with the industry average exceeding 500,000 yuan [1]. - A total of 15 listed companies have CFOs earning over 1 million yuan, including companies like Taiping Bird, Baoxini Bird, and Dizuo Fashion, with salaries of 2.3533 million yuan, 1.5866 million yuan, and 1.5221 million yuan respectively [1]. Group 2: CFO Demographics - The majority of CFOs in the industry hold a bachelor's degree, but among the 15 CFOs earning over 1 million yuan, most have a master's degree. Only 5 have a diploma or bachelor's degree [4]. - The average age of CFOs is over 40, with the youngest being Lin Guixian from ST Jinbi, born in 1991, making him 34 years old. The youngest among the high-earning CFOs is Hu Xinyan from Huali Group, born in 1989, at 36 years old [4]. Group 3: Company Performance - Among the companies paying over 1 million yuan in CFO salaries, only 5 experienced a decline in revenue, with year-on-year decreases of 21.18% for Shengtai Group, 3.29% for Jinhong Group, 16.23% for Dizuo Fashion, 1.91% for Baoxini Bird, and 12.7% for Taiping Bird [4].

Core Viewpoint - Hongxing Co., Ltd. (001209) expects a significant decline in net profit for the first half of 2025, primarily due to the absence of insurance compensation and increased competition in the industry [1] Financial Performance - The estimated net profit attributable to shareholders for January 1 to June 30, 2025, is projected to be between 10.5 million yuan and 13.5 million yuan, representing a decrease of 78.49% to 83.27% compared to the same period last year, which was 62.76 million yuan [1] - The net profit after deducting non-recurring gains and losses is expected to be between 8.1 million yuan and 11.1 million yuan, down 58.68% to 69.85% from 26.86 million yuan in the previous year [1] - The basic earnings per share are anticipated to be between 0.08 yuan and 0.10 yuan, compared to 0.48 yuan per share in the same period last year [1] Factors Influencing Performance - The decline in performance is mainly attributed to the lack of insurance compensation income of 46.5 million yuan received in the previous year [1] - Increased industry competition has led to a decrease in sales gross margin [1] - The completion and transfer of construction projects to fixed assets have resulted in increased period expenses [1]

[Performance Forecast Overview](index=1&type=section&id=%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%A6%82%E8%A7%88) [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) Guangdong Hongxing Industrial Co., Ltd. anticipates a significant year-on-year decline in H1 2025 net profit and basic EPS, both attributable to shareholders and after non-recurring items - The performance forecast period is from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) - The projected performance trend is a **year-on-year decline**[3](index=3&type=chunk) Comparison of H1 2025 Performance Forecast with Prior Year | Item | Current Period (RMB 10,000) | Prior Year (RMB 10,000) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Profit: 1,050 – 1,350 | Profit: 6,276.21 | Decrease: 78.49% - 83.27% | | Net Profit After Non-recurring Gains and Losses | Profit: 810 – 1,110 | Profit: 2,686.20 | Decrease: 58.68% - 69.85% | | Basic Earnings Per Share (RMB/share) | Profit: 0.08 – 0.10 | Profit: 0.48 | - | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) This performance forecast is unaudited by a CPA and has not been pre-communicated with the accounting firm - This performance forecast has not been pre-communicated with the accounting firm and has not been pre-audited by a certified public accountant[3](index=3&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Performance declined due to absence of prior year's non-recurring insurance, lower gross margins from competition, and increased period expenses - In the prior year, **RMB 46.5 million** in non-recurring insurance compensation was received, with no such income in the current period[4](index=4&type=chunk) - Intense industry competition has led to a decline in the company's overall sales gross profit margin[4](index=4&type=chunk) - Increased period expenses resulted from depreciation commencing on completed construction-in-progress projects transferred to fixed assets, and growth in sales channel investments[4](index=4&type=chunk) [Risk Warning](index=1&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises that this preliminary performance forecast is unaudited, with final data to be disclosed in the semi-annual report, and cautions investors about investment risks - This performance forecast is a preliminary estimate by the company's finance department and has not yet been audited by a certified public accountant[5](index=5&type=chunk) - Specific performance data will be fully disclosed in the company's 2025 semi-annual report[5](index=5&type=chunk) - Investors are advised to make prudent decisions and be aware of investment risks[5](index=5&type=chunk)

证券代码：001209 证券简称：洪兴股份 公告编号：2025-025 广东洪兴实业股份有限公司 2024 年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指 引第 9 号——回购股份》等相关规定，广东洪兴实业股份有限公司（以下简称 "公司"）通过回购专用证券账户持有的公司股份 2,927,940 股不享有参与本次 权益分派的权利。公司 2024 年度权益分派方案为：以实施利润分配方案的股权 登记日的总股本剔除回购专用证券账户上已回购股份为基数，按照分配比例不变 的原则，向全体股东每 10 股派 2.00 元人民币现金（含税），不送红股，不以资 本公积金转增股本，剩余未分配利润结转至以后年度分配。 2、因公司回购专用证券账户上的股份不参与本次权益分派，以公司现有总 股本剔除已回购股份 2,927,940 股后的 128,594,780 股测算，公司本次实际现金 分红的总金额=实际参与分配的股本×每股派发现金，即 25,718,956.00 元 =128,594,7 ...

Group 1: Financial Performance - The company achieved an operating income of 1,775.01 million yuan in 2024, representing an 11.18% increase compared to the previous year [1] - The net profit attributable to shareholders of the parent company was 80.27 million yuan, a decrease of 7.88% year-on-year [1] - The net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 40.40 million yuan, down 34.81% year-on-year [1] Group 2: Dividend Plan - The profit distribution plan for 2024 proposes a cash dividend of 2.00 yuan (including tax) for every 10 shares, with no bonus shares or capital reserve fund conversion [1] Group 3: Strategic Direction - The company aims to enhance brand competitiveness and influence through multi-dimensional brand building and digital transformation [2] - Future growth will focus on homewear as the main category, with plans to expand new product categories and increase R&D investment [2] - The company is exploring investment and acquisition opportunities within and across industries while optimizing its development strategy [2]

北京市中伦（广州）律师事务所 关于广东洪兴实业股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年五月 北京市中伦（广州）律师事务所 关于广东洪兴实业股份有限公司 2024 年年度股东大会的 法律意见书 致：广东洪兴实业股份有限公司 根据中国证券监督管理委员会发布的《上市公司股东会规则》（以下简称《股 东会规则》）的要求，北京市中伦（广州）律师事务所（以下简称"本所"）接受 广东洪兴实业股份有限公司（以下简称"洪兴股份"或"公司"）的委托，指派 律师（以下简称"本所律师"）出席洪兴股份 2024 年年度股东大会（以下简称"本 次股东大会"），对本次股东大会的召集与召开程序、出席会议人员与召集人的资 格、表决程序与表决结果等重要事项出具法律意见。 本所及本所律师依据《中华人民共和国证券法》（以下简称《证券法》）、《律 师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规则（试 行）》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格履行了 法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保证本法 律意见书所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， ...

证券代码：001209 证券简称：洪兴股份 公告编号：2025-024 广东洪兴实业股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、本次股东大会召开期间不存在增加、否决或变更提案的情形。 2、本次股东大会采取现场投票表决和网络投票表决相结合的方式进行。 一、会议召开情况 1、会议召开时间： （1）现场会议时间：2024 年度股东大会于 2025 年 5 月 15 日（星期四） 下午 14:30 开始，会期半天。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为 2025 年 5 月 15 日上午 9:15—9:25,9:30—11:30，下午 13:00-15:00；通过 深圳证券交易所互联网投票系统进行网络投票的具体时间为 2025 年 5 月 15 日上 午 9:15-下午 15:00。 2、会议地点：广东省广州市越秀区天河路 45 号粤能大厦 4 楼会议室 3、召开方式：现场投票和网络投票相结合的方式 4、会议召集人：第三届董事会 5、会议主持人：郭梧文董事长 6、会议召 ...

Group 1 - The company Hongxing Co., Ltd. announced a share reduction plan involving its board members and senior management due to personal funding needs [1] - Board Secretary and CFO Liu Genxiang plans to reduce his holdings by up to 42,613 shares, representing 0.03% of the total share capital after excluding shares in the repurchase account [1] - Vice President Cheng Shengxiang intends to reduce his holdings by up to 47,348 shares, representing 0.04% of the total share capital after excluding shares in the repurchase account [1] Group 2 - Hongxing Co., Ltd. was listed on the Shenzhen Stock Exchange on July 23, 2021, with an initial public offering of 23.4865 million shares at a price of 29.88 yuan per share [2] - The stock reached its highest point at 47.33 yuan on July 27, 2021, but has since experienced a decline and is currently in a state of loss [2] - The total funds raised from the IPO amounted to 702 million yuan, with a net amount of 641 million yuan after deducting issuance costs [2] Group 3 - On June 17, 2022, the company announced a capital reserve distribution plan, proposing to increase its share capital by 37,577,920 shares, resulting in a total share capital of 131,522,720 shares [3] - The distribution was based on a ratio of 4 shares for every 10 shares held, with no cash dividends or redemptions for that year [3] - The record date for the distribution was set for June 22, 2022, with the ex-dividend date on June 23, 2022 [3]

Economic Information - In April, the housing rental industry entered a low season, with the average residential rent in 50 cities decreasing by 0.32% month-on-month to 35.2 yuan per square meter per month, and a year-on-year decline of 3.40% [2] - The global N-type SiC substrate industry is expected to see a revenue decrease of 9% in 2024, amounting to $1.04 billion, due to weakened automotive and industrial demand, increased market competition, and significant price drops [2] Company Alerts - Spring光科技 has announced that its stock is subject to irrational market speculation risk [3] - 博云新材's shareholder 高创投 plans to reduce its stake by no more than 3% [3] - Other companies such as 龙江交通, 海南海药, and 赛摩智能 also have shareholders planning to reduce their stakes by up to 3% [3][5] Overseas Market Alerts - COMEX gold futures fell by 2.76% to $3,240.1 per ounce, while silver futures decreased by 0.42% to $32.775 per ounce [2] - Citigroup forecasts that gold will consolidate in the range of $3,000 to $3,300 per ounce in the coming months, adjusting its 0-3 month target price to $3,150 per ounce [2] - Russia's oil production is expected to recover to 10.8 million barrels per day due to global demand growth and changes in domestic investment and taxation [3]

本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 广东洪兴实业股份有限公司（以下简称"公司"）于近日收到公司董事、董事 会秘书兼财务总监刘根祥先生、副总经理程胜祥先生出具的股份减持计划告知文 件。 本比例 0.13%）的董事、董事会秘书兼财务总监刘根祥先生拟在本减持计划公告 之日起 15 个交易日后的 3 个月内以集中竞价方式减持公司股份不超过 42,613 股 证券代码：001209 证券简称：洪兴股份 公告编号：2025-022 广东洪兴实业股份有限公司 公司董事、董事会秘书兼财务总监刘根祥先生及副总经理程胜祥先生保证向 公司提供的信息内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 （占剔除公司回购专用账户中的股份数量后总股本比例 0.03%）。 本比例 0.15%）的副总经理程胜祥先生拟在本减持计划公告之日起 15 个交易日后 的 3 个月内以集中竞价方式减持公司股份不超过 47,348 股（占剔除公司回购专用 账户中的股份数量后总股本比例 0.04%）。现将有关事项公告如下： | 一、减持股东的基本情况 | | --- | | | | 持股情况 | | 持股 ...