证券代码：001209 证券简称：洪兴股份 公告编号：2025-027 广东洪兴实业股份有限公司 变更后办公地址： 广州市白云区鹤龙街道鹤瑞路 6 号洪兴大厦；邮政编码 510440 除上述变更事项外，公司注册地址、公司投资者联系电话、传真号码、投资者邮 箱、公司网址等其他联系方式保持不变，敬请广大投资者注意。 特此公告。 广东洪兴实业股份有限公司 关于公司办公地址变更的公告 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。 广东洪兴实业股份有限公司（以下简称"公司"）因实际运营管理需要，于近日 搬迁至新办公地址，现将公司新办公地址变更情况公告如下： 变更前办公地址： 广州市越秀区天河路 45 号粤能大厦 4 楼；邮政编码 510030 董事会 2025 年 8 月 13 日 ...

Core Viewpoint - The apparel industry is shifting from low-price competition to value creation, with companies like Hongxing Co., Ltd. leading the way through brand upgrades and digital transformation [2][3]. Group 1: Company Overview - Hongxing Co., Ltd. is the first homewear listed company in A-shares and ranks 243rd in the 2024 Guangdong Manufacturing 500 [2]. - The company focuses on brand upgrading and digital tools to enhance competitiveness across the entire process from design to sales [2][3]. Group 2: Digital Transformation - The company has completed a digital upgrade of its backend systems, reducing the time from design to inventory to as little as 5 working days, with regular production cycles cut to under two weeks [3]. - The logistics center, operational by June 2024, has improved logistics efficiency, reducing the time for equivalent workloads from 15 days to 3 days, achieving a 99.9% accuracy rate in inventory checks [3][4]. Group 3: Brand Strategy - Hongxing Co., Ltd. is upgrading its main brand, Fenteng, to target younger consumers, launching a comprehensive brand upgrade and a new product line that emphasizes comfort and safety [5][6]. - The brand's marketing strategy includes a partnership with a popular drama to resonate emotionally with consumers, reinforcing its mission to enhance home living experiences [6]. Group 4: Supply Chain and Channel Integration - The company is building a flexible supply chain to respond quickly to market demands, utilizing advanced production management systems for efficient order-to-production transitions [8]. - Hongxing Co., Ltd. is integrating online and offline channels to enhance consumer experience, with significant growth in sales through traditional e-commerce and social media platforms [7][8]. Group 5: International Expansion - As domestic market growth slows, the company is pursuing international expansion through a systematic approach, leveraging platforms while establishing a foothold in overseas markets [9]. - Hongxing Co., Ltd. has already entered cross-border e-commerce platforms and is exploring partnerships to penetrate markets in Europe, North America, and the Middle East [9].

Core Viewpoint - The apparel industry is shifting from low-price competition to value creation, with companies like Hongxing Co., Ltd. leading the way through brand upgrades and digital transformation [1][2]. Group 1: Digital Transformation and Supply Chain Efficiency - Hongxing Co., Ltd. focuses on digital upgrades and brand building post-IPO, avoiding inefficient capacity expansion [2]. - The company has achieved significant automation in its production processes, reducing the time from design to inventory to as little as 5 working days, with a regular production cycle of under two weeks [2]. - The implementation of a centralized information management system and logistics center in 2024 has drastically improved logistics efficiency, reducing the time for inventory tasks from 15 days to just 3 days, with an inventory accuracy rate of 99.9% [2][4]. Group 2: Brand Upgrade and Market Positioning - Hongxing Co., Ltd. is enhancing its brand to break through market homogenization, with its main brand, Fenteng, targeting younger consumers through strategic endorsements and a comprehensive brand upgrade [4]. - The company has identified and capitalized on the "relaxed self-care" consumer trend, promoting the brand message "Wear Fenteng When Not at Work" [4]. - The introduction of innovative products like the smart temperature control series "Fenteng 26°C" showcases the company's technological capabilities [4]. Group 3: Channel Integration and Consumer Experience - The company is reconstructing consumer experiences through an OMO (Online-Merge-Offline) model, breaking down barriers between online and offline channels [5][6]. - Hongxing Co., Ltd. has seen significant growth in online sales during major shopping events and is expanding its presence in live-streaming and social media channels [6]. - The company is also enhancing offline experiences by opening flagship stores in high-end malls and integrating instant retail channels [6]. Group 4: International Expansion Strategy - As domestic market growth slows, Hongxing Co., Ltd. is pursuing international expansion as a key strategy, focusing on establishing a presence in overseas markets without over-reliance on platforms [8]. - The company has already made strides in cross-border e-commerce, with products being sold in markets such as Europe, North America, and Southeast Asia [8]. - At the 2025 Spring Canton Fair, Hongxing Co., Ltd. will showcase its full-service model, emphasizing innovative products to attract international buyers [8].

7月30日，雪祺电气大宗交易成交80.6万股，成交额1063.92万元，占当日总成交额的10.86%，成交价 13.2元，较市场收盘价14.43元折价8.52%。 ...

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， ...