Important Notes, Table of Contents, and Definitions [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board, supervisory board, and senior management guarantee the semi-annual report's truthfulness, accuracy, and completeness, with some independent directors attending by proxy, and no interim dividend distribution planned - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[4](index=4&type=chunk) - Some independent directors (Gao Haijun, Wang Weiwang, Chen Dalu) were unable to attend board meetings in person due to business trips or being abroad; Gao Haijun and Wang Weiwang entrusted Gan Yongming to attend on their behalf, while Chen Dalu had no proxy[4](index=4&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves to 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) The report's table of contents clearly outlines nine main chapters, covering essential company and financial information - The report contains **nine main chapters**, with a clear structure[8](index=8&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines key terms, entities, and the reporting period for the first half of 2025 used throughout the report - The reporting period refers to the **first half of 2025**[11](index=11&type=chunk) - Definitions are provided for the Company, China Securities Regulatory Commission (CSRC), Shenzhen Stock Exchange (SZSE), and multiple subsidiaries (e.g., Hong Kong Litian, Taicang Xinlong, HL Corp (USA), Vietnam Xinyou)[11](index=11&type=chunk) Company Profile and Key Financial Indicators [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Shenzhen HLC Corp. (stock code: 002105) is listed on the SZSE, with its legal representative and contact information unchanged - The company's stock abbreviation is "HLC Corp.", stock code "**002105**", listed on the Shenzhen Stock Exchange[13](index=13&type=chunk) - The company's legal representative is **Liao Xuejin**[13](index=13&type=chunk) - The Board Secretary is Chen Liqiu, contact number 0755-27749423-8105, email cmo@hlcorp.com[14](index=14&type=chunk) [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) In H1 2025, operating revenue grew 9.18%, but net profit attributable to shareholders significantly declined by 341.23%, turning to loss, with total assets and net assets also decreasing 2025 Semi-Annual Key Accounting Data and Financial Indicators | Indicator | Current Period (CNY) | Prior Year Period (CNY) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 581,572,945.02 | 532,685,363.24 | 9.18% | | Net Profit Attributable to Shareholders of Listed Company | -15,747,197.90 | 6,527,977.36 | -341.23% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | -18,488,755.25 | 3,875,759.54 | -577.04% | | Net Cash Flow from Operating Activities | 12,516,823.95 | 11,535,743.53 | 8.50% | | Basic Earnings Per Share (CNY/share) | -0.043 | 0.018 | -338.89% | | Diluted Earnings Per Share (CNY/share) | -0.043 | 0.018 | -338.89% | | Weighted Average Return on Net Assets | -1.82% | 0.73% | -2.55% | 2025 Semi-Annual End Asset and Liability Indicators | Indicator | End of Current Period (CNY) | End of Prior Year (CNY) | Change from Prior Year-End | | :--- | :--- | :--- | :--- | | Total Assets | 1,642,820,285.61 | 1,724,219,080.34 | -4.72% | | Net Assets Attributable to Shareholders of Listed Company | 856,206,180.35 | 875,028,225.04 | -2.15% | [Non-recurring Gains and Losses Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled CNY 2,741,557.35, mainly from asset disposal, government subsidies, and other non-operating items 2025 Semi-Annual Non-recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -184,471.34 | | Government subsidies recognized in current profit or loss (excluding those closely related to the company's normal operations, compliant with national policies, enjoyed at fixed standards, and with continuous impact on company profit or loss) | 979,165.46 | | Other non-operating income and expenses apart from the above | 2,642,899.30 | | Less: Income tax impact | 801,035.86 | | Minority interest impact (after tax) | -104,999.79 | | Total | 2,741,557.35 | Management Discussion and Analysis [Main Businesses Engaged by the Company During the Reporting Period](index=9&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%90%A5%E4%B8%9A%E5%8A%A1) The company's core business is R&D, production, and sales of bicycle parts, sports equipment, and rehabilitation aids, with no significant changes in the reporting period - The company's main business includes the R&D, production, and sales of bicycle parts (handlebars, stems, seat posts, suspension forks, disc brakes), sports equipment (wheeled sports vehicles like electric scooters), and rehabilitation aids (wheelchairs)[25](index=25&type=chunk) - The company has production bases in South China, North China, and Vietnam, with products exported to Taiwan, Europe, America, and other countries and regions[25](index=25&type=chunk) - During the reporting period, the company's production and operations remained stable, with no significant changes in its main business[25](index=25&type=chunk) [Analysis of Core Competencies](index=9&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) The company leverages a 50-year global reputation in bicycle parts, advanced automation in sports equipment, and ISO13485 certification in rehabilitation aids - In the bicycle parts sector, the company boasts over **50 years of global reputation**, a stable customer base, and production capacity advantages from its South China, North China, and Vietnam factories[26](index=26&type=chunk) - In the sports equipment sector, mechanical arm automatic welding technology achieves over **98% automation**, the company implements TPS production management, and operates an industry-leading laboratory[26](index=26&type=chunk) - In the rehabilitation equipment sector, the company is **ISO13485 medical system certified** and collaborates with global top three companies like Sunrise and Invacare to develop wheelchair products[27](index=27&type=chunk) [Main Business Analysis](index=9&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) H1 2025 main business revenue grew 9.18%, but net profit turned to loss due to rising aluminum prices and USD depreciation, with varied performance across product lines Operating Revenue Composition (by Industry) | Industry | Current Period Amount (CNY) | Proportion of Operating Revenue | Prior Year Period Amount (CNY) | Proportion of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Bicycle Parts | 391,345,033.95 | 67.29% | 378,969,800.09 | 71.14% | 3.27% | | Sports and Fitness Rehabilitation Equipment | 177,924,030.15 | 30.59% | 140,854,516.71 | 26.44% | 26.32% | | Other Businesses | 12,303,880.92 | 2.12% | 12,861,046.44 | 2.41% | -4.33% | Operating Revenue Composition (by Product) | Product | Current Period Amount (CNY) | Proportion of Operating Revenue | Prior Year Period Amount (CNY) | Proportion of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Bicycle Parts Products | 391,345,033.95 | 67.29% | 378,969,800.09 | 71.14% | 3.27% | | Sports and Fitness Products | 90,833,644.67 | 15.62% | 27,171,844.52 | 5.10% | 234.29% | | Rehabilitation Equipment Products | 87,090,385.48 | 14.97% | 113,682,672.19 | 21.34% | -23.39% | | Other Businesses | 12,303,880.92 | 2.12% | 12,861,046.44 | 2.41% | -4.33% | Operating Revenue Composition (by Region) | Region | Current Period Amount (CNY) | Proportion of Operating Revenue | Prior Year Period Amount (CNY) | Proportion of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Americas | 61,288,666.61 | 10.54% | 70,581,271.61 | 13.25% | -13.17% | | Europe | 102,135,711.89 | 17.56% | 122,041,155.40 | 22.91% | -16.31% | | Asia | 101,737,592.05 | 17.49% | 70,169,147.45 | 13.17% | 44.99% | | Domestic Sales | 293,933,769.93 | 50.54% | 259,742,869.06 | 48.76% | 13.16% | | Other Regions | 22,477,204.54 | 3.86% | 10,150,919.72 | 1.91% | 121.43% | - During the reporting period, the company's operating profit was **-CNY 13.6192 million**, a year-on-year decrease of **274.75%**, primarily due to rising raw material aluminum prices leading to a decline in gross profit margin[137](index=137&type=chunk)[138](index=138&type=chunk) - Financial expenses increased by **138.68%** year-on-year, mainly due to increased exchange losses from USD depreciation[138](index=138&type=chunk) - Income tax expenses increased by **756.15%** year-on-year, primarily due to subsidiary Tianjin Xinlong's self-inspection and supplementary payment of prior year income tax totaling **CNY 4.2855 million**[138](index=138&type=chunk) [Bicycle Parts Business](index=9&type=section&id=%E8%87%AA%E8%A1%8C%E8%BD%A6%E9%85%8D%E4%BB%B6%E4%B8%9A%E5%8A%A1) H1 2025 saw global bicycle parts market recovery, driven by e-bike parts, intelligence, and lightweight trends, with domestic e-bike parts output up 38.5% - In the first half of 2025, the global bicycle parts industry showed overall recovery and growth, with **electric bicycle parts** becoming a core growth driver, and the global motor kit market reaching **USD 2.036 billion**[29](index=29&type=chunk) - Technology innovation drives trends, with accelerating intelligence penetration (GPS navigation, health monitoring accessories penetration increased from **15% in 2024 to 25%**), and a **20% reduction in carbon fiber costs** promoting lightweight development[30](index=30&type=chunk) - The domestic market's "trade-in" policy stimulated a **38.5% increase** in electric bicycle parts output in Q1[37](index=37&type=chunk) - From January to May 2025, China's cumulative bicycle export value was **USD 1.214 billion**, a year-on-year increase of **3.6%**; exports to the US continuously declined year-on-year for **seven months**, with a **64.7% year-on-year decrease** in May alone[39](index=39&type=chunk)[41](index=41&type=chunk) - The company's annual production of bicycle control parts accounts for approximately **25% of global demand**, and its suspension fork global market share is about **10%**[56](index=56&type=chunk) - In the first half of the year, the company actively participated in international exhibitions (Taipei Cycle Show/Shanghai Cycle Show/Eurobike), formed strategic alliances with brands and bicycle assemblers, and strengthened brand exposure and new product promotion[65](index=65&type=chunk) - Plans for the second half of the year include developing potential new customers, deepening relationships with existing customers, increasing the market share of forks for the European subsidiary, strengthening the industrial ecosystem layout, optimizing product functions and cost-effectiveness, and enhancing Vietnam Xinyou's production capacity[67](index=67&type=chunk) [Sports and Fitness Equipment Business](index=18&type=section&id=%E8%BF%90%E5%8A%A8%E5%81%A5%E8%BA%AB%E5%99%A8%E6%9D%90%E4%B8%9A%E5%8A%A1) H1 2025 saw global economic slowdown and trade protectionism, but the company's OEM e-scooter business maintained strong quality control and supply chain advantages - In the first half of 2025, global economic growth slowed, with rising trade protectionism, but emerging markets grew faster than developed countries, with East Asia growing **4.7%** and South Asia **5.7%**[68](index=68&type=chunk) - Europe's automotive industry accelerated electrification, with pure electric vehicle share rising from **12% to 15.2%**, and Chinese brand BYD's market share in Europe surpassing Tesla for the first time[75](index=75&type=chunk) - The company's electric scooters are primarily OEM, without specific market share, but possess a complete quality control and production management system (ISO9000, ISO14000, BSCI) and a mature supply chain[79](index=79&type=chunk)[80](index=80&type=chunk) - In the first half of the year, shared electric scooters shipped totaled **12,232 units**, generating **CNY 35.68 million** in revenue; an additional order of **25,000 units** is expected by the end of August, potentially generating **CNY 73 million** in revenue[94](index=94&type=chunk) - Plans for the second half of the year include participating in the Canton Fair, Russian Motorcycle and Electric Vehicle Autumn Exhibition, and Germany's INTERMOT (International Motorcycle, Scooter and E-Bike Fair) to promote products and secure orders[95](index=95&type=chunk)[96](index=96&type=chunk) - R&D progress in the first half included one seated scooter mold in progress, high-speed motors and small four-wheel electric vehicles under design, extreme scooters undergoing testing, and multiple accessories already ordered or shipped[97](index=97&type=chunk) [Rehabilitation Aids Business](index=24&type=section&id=%E5%BA%B7%E5%A4%8D%E8%BE%85%E5%8A%A9%E5%99%A8%E6%9D%90%E4%B8%9A%E5%8A%A1) H1 2025 saw global economic slowdown, but the electric wheelchair market grew, especially in Asia-Pacific and China, driven by aging populations and supportive policies - Global GDP growth is projected to be **2.3%** in the first half of 2025, the lowest since 2008, with trade policy uncertainty as a core risk[99](index=99&type=chunk)[100](index=100&type=chunk) - The global electric wheelchair market size was approximately **USD 3.871 billion** in 2024, a year-on-year increase of **7.92%**; a stable compound annual growth rate is expected from 2025-2031[111](index=111&type=chunk) - The Asia-Pacific region accounts for **45%** of the global wheelchair market, North America **23%**, and Europe **22%**[113](index=113&type=chunk) - China's electric wheelchair market size reached **CNY 6.972 billion** in 2023, growing to **CNY 7.786 billion** in 2024, with continued growth expected in 2025[118](index=118&type=chunk) - The company's main competitive advantages include stable OEM product quality, ISO13485 medical system certification, a complete quality system, advanced automated equipment, sufficient production capacity flexibility, and strong technical support and development resources[120](index=120&type=chunk) - First-half revenue decreased by **29%** compared to the same period in 2024, with the European line down **28%** and the American line down **32%**, primarily due to external economic conditions, market demand contraction, and major customers initiating inventory reduction plans[134](index=134&type=chunk) - In the first half, **10 new product development projects** were completed and entered mass production, estimated to bring over **CNY 3 million** in additional revenue; **12 new product development projects** are currently underway[135](index=135&type=chunk) - Second-half expansion plans include prioritizing revenue growth, actively tracking new product and customer development, visiting major European customers, participating in the German RehaCare exhibition, and focusing on ODM product R&D for manual and electric wheelchairs[136](index=136&type=chunk) [Non-Core Business Analysis](index=34&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-core businesses significantly impacted total profit with investment losses, asset impairment, non-operating income (demolition compensation), and expenses, none sustainable Impact of Non-Core Business on Total Profit | Item | Amount (CNY) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | -1,683,644.97 | 15.34% | Investment loss recognized from associate Tianteng Power | Not sustainable | | Asset Impairment | -3,256,876.10 | 29.67% | Provision for inventory obsolescence | Not sustainable | | Non-Operating Income | 4,991,965.73 | -45.48% | Received two temporary resettlement compensation payments for Longhua factory demolition from Zhongzhou | Not sustainable | | Non-Operating Expenses | 2,349,066.43 | -21.40% | Losses from disposal of non-current assets | Not sustainable | [Analysis of Assets and Liabilities](index=34&type=section&id=%E4%BA%94%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) Total assets decreased by 4.72% to CNY 1.643 billion, with construction in progress up 100% due to Vietnam Xinyou Phase II factory expansion Significant Changes in Asset Composition | Item | End of Current Period Amount (CNY) | Proportion of Total Assets | End of Prior Year Amount (CNY) | Proportion of Total Assets | Change in Proportion | Significant Change Explanation | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 402,250,095.08 | 24.49% | 383,627,125.63 | 22.25% | 2.24% | | | Accounts Receivable | 283,441,110.48 | 17.25% | 311,738,110.53 | 18.08% | -0.83% | | | Inventories | 168,046,125.40 | 10.23% | 230,158,313.78 | 13.35% | -3.12% | | | Construction in Progress | 31,238,124.44 | 1.90% | 15,496,265.15 | 0.90% | 1.00% | Primarily due to increased investment in subsidiary Vietnam Xinyou Phase II factory construction during the reporting period | | Short-term Borrowings | 289,050,169.16 | 17.59% | 254,042,600.01 | 14.73% | 2.86% | | | Long-term Borrowings | 103,145,143.61 | 6.28% | 85,977,223.40 | 4.99% | 1.29% | | | Accounts Payable | 182,278,551.41 | 11.10% | 277,951,339.99 | 16.12% | -5.02% | Primarily due to reduced orders in Q2, leading to a decrease in supplier purchases | - At the end of the reporting period, the company's asset-liability ratio was **43.62%**, a decrease from **44.96%** at the end of the previous year[173](index=173&type=chunk)[744](index=744&type=chunk) - Restricted assets totaled **CNY 389 million** at period-end, mainly comprising mortgaged fixed assets, intangible assets, and investment properties[150](index=150&type=chunk) [Investment Status Analysis](index=36&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Investment increased by 118.60% to CNY 23.24 million, with no significant equity, non-equity, securities, or derivative investments, and no use of raised funds Current Period Investment Amount | Current Period Investment Amount (CNY) | Prior Year Period Investment Amount (CNY) | Change Percentage | | :--- | :--- | :--- | | 23,243,613.85 | 10,632,813.93 | 118.60% | - The company had no securities investments, derivative investments, or use of raised funds during the reporting period[152](index=152&type=chunk)[153](index=153&type=chunk)[154](index=154&type=chunk) [Significant Asset and Equity Sales](index=37&type=section&id=%E4%B8%83%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) No significant asset or equity sales occurred during the reporting period - The company did not sell significant assets or equity during the reporting period[155](index=155&type=chunk)[156](index=156&type=chunk) [Analysis of Major Holding and Associate Companies](index=37&type=section&id=%E5%85%AB%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) Key subsidiaries like Tianjin Xinlong, Vietnam Xinyou, and Wuhan Tianteng Power reported losses due to tax adjustments, market conditions, or destocking, despite some revenue growth - Tianjin Xinlong reported a profit loss during the reporting period, mainly due to a self-inspection and supplementary payment of prior year income tax totaling **CNY 4.2855 million**[157](index=157&type=chunk) - Vietnam Xinyou's revenue increased by **28.66%** year-on-year, and its net profit loss decreased by **28.08%** year-on-year, primarily due to increased market development efforts and order volume[158](index=158&type=chunk) - Taicang Health Industry's sales revenue increased by **620.39%** year-on-year, but its profit remained a loss due to a **133.43%** year-on-year increase in selling expenses[159](index=159&type=chunk) - Wuhan Tianteng Power suffered a profit loss due to the industry's destocking cycle and market competition, leading to decreased market demand and unsatisfactory revenue growth[159](index=159&type=chunk) - Shenzhen Leiqi Technology Co., Ltd., primarily engaged in wholesale, retail, and leasing of sports equipment, reported a profit loss during the reporting period as business development fell short of expectations[159](index=159&type=chunk) - Taicang Xinlong Vehicle Materials Co., Ltd. has ceased production and transitioned to a business of leasing its own assets, with all revenue during the reporting period derived from property leasing[159](index=159&type=chunk) [Information on Structured Entities Controlled by the Company](index=38&type=section&id=%E4%B9%9D%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 controlled structured entities during the reporting period - The company had no controlled structured entities during the reporting period[160](index=160&type=chunk) [Risks Faced by the Company and Countermeasures](index=38&type=section&id=%E5%8D%81%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) The company faces market, raw material price, and financial risks, actively addressing them through market expansion, product innovation, cost reduction, and financial management - Major risks include market environment changes (international trade friction affecting global layout of bicycle assemblers), upstream raw material price fluctuations (rising aluminum tube and ingot prices), and financial risks (asset-liability ratio of **43.62%**, significant overseas business exposure to exchange rate fluctuations)[160](index=160&type=chunk)[744](index=744&type=chunk) - Countermeasures include selecting the Chinese mainland and European markets as initial expansion areas, participating in international bicycle exhibitions, forming strategic alliances with various brands and bicycle assemblers, and strengthening after-sales service[161](index=161&type=chunk) - Countermeasures include independent R&D of new products, customized products, optimizing and enhancing the functionality of strategic products, improving the product chain, and achieving integrated product solutions[161](index=161&type=chunk)[162](index=162&type=chunk) - Countermeasures include optimizing supplier management, centralized procurement, and establishing an inventory management system to reduce procurement costs; improving production efficiency, optimizing production processes, and strengthening energy management to reduce production costs[162](index=162&type=chunk)[163](index=163&type=chunk) - Countermeasures include strengthening business cooperation with overseas distributors, adjusting product structure, adopting cross-border RMB settlement, and conducting forward foreign exchange transactions to hedge against exchange rate risks; expanding financing channels, improving borrowing structure, and strengthening accounts receivable management to enhance the company's capital efficiency and reduce financial risks[163](index=163&type=chunk)[164](index=164&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=39&type=section&id=%E5%8D%81%E4%B8%80%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 established a market value management system or disclosed a valuation enhancement plan - The company has not formulated a market value management system[165](index=165&type=chunk) - The company has not disclosed a valuation enhancement plan[166](index=166&type=chunk) [Implementation of "Quality and Return Dual Improvement" Action Plan](index=40&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%22%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%22%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 announcement regarding the "Quality and Return Dual Improvement" action plan - The company has not disclosed an announcement regarding the "Quality and Return Dual Improvement" action plan[166](index=166&type=chunk) Corporate Governance, Environment, and Society [Changes in Directors, Supervisors, and Senior Management](index=41&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) No changes occurred in the company's directors, supervisors, and senior management during the reporting period - The company's directors, supervisors, and senior management had no changes during the reporting period[168](index=168&type=chunk) [Profit Distribution and Capital Reserve Conversion to Share Capital for the Current Reporting Period](index=41&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 cash dividends, bonus shares, or capital reserve conversions to share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves to share capital for the semi-annual period[169](index=169&type=chunk) [Implementation of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=41&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 implemented 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[170](index=170&type=chunk) [Environmental Information Disclosure](index=41&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) Shenzhen HLC Corp. and Tianjin Xinlong Industrial Co., Ltd. are listed as enterprises required to disclose environmental information - Shenzhen HLC Corp. and Tianjin Xinlong Industrial Co., Ltd. are included in the list of enterprises required to disclose environmental information in accordance with the law[171](index=171&type=chunk) Enterprises Included in the List of Enterprises Required to Disclose Environmental Information | No. | Enterprise Name | | :--- | :--- | | 1 | Shenzhen HLC Corp. | | 2 | Tianjin Xinlong Industrial Co., Ltd. | [Social Responsibility](index=41&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) In H1 2025, the company's mutual aid fund provided CNY 4,165 for employee assistance and secured CNY 3,052 in hardship aid for one severely ill employee - In the first half of 2025, the company's mutual aid fund committee used **CNY 4,165** to assist employees facing illness or hardship[172](index=172&type=chunk) - The company applied for **CNY 3,052** in hardship assistance and慰问品 from the Bao'an District Government and Songgang Sub-district Office for one severely ill employee[172](index=172&type=chunk) - In the first half of 2025, the company employed **16 disabled individuals** from surrounding communities, distributing **CNY 224,539** in monthly wages[172](index=172&type=chunk) Significant Matters [Fulfillment of Commitments](index=42&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%9F%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) No commitments by the company's actual controller, shareholders, related parties, or the company were fulfilled or overdue during the reporting period - During the reporting period, the company had no commitments from its actual controller, shareholders, related parties, acquirers, or the company that were fulfilled or overdue at the end of the reporting period[174](index=174&type=chunk) [Related Party Fund Occupation](index=42&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) No non-operating funds were occupied by controlling shareholders or other related parties during the reporting period - During the reporting period, the company had no non-operating occupation of funds by controlling shareholders or other related parties of the listed company[175](index=175&type=chunk) [Illegal External Guarantees](index=42&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) No illegal external guarantees occurred during the reporting period - The company had no illegal external guarantees during the reporting period[176](index=176&type=chunk) [Accounting Firm Information](index=42&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 financial report was not audited - The company's semi-annual report was not audited[177](index=177&type=chunk) [Explanation of Non-Standard Audit Report](index=42&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%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) No non-standard audit report was issued during the reporting period - The company had no non-standard audit report during the reporting period[178](index=178&type=chunk) [Explanation of Last Year's Non-Standard Audit Report](index=42&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%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) No non-standard audit report from the previous year was issued during the reporting period - The company had no non-standard audit report from the previous year during the reporting period[178](index=178&type=chunk) [Bankruptcy Reorganization Matters](index=42&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) No bankruptcy reorganization matters occurred during the reporting period - The company had no bankruptcy reorganization matters during the reporting period[178](index=178&type=chunk) [Litigation Matters](index=42&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) No significant litigation or arbitration matters occurred during the reporting period - The company had no significant litigation or arbitration matters during this reporting period[179](index=179&type=chunk) [Penalties and Rectification](index=43&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) No penalties or rectification situations occurred during the reporting period - The company had no penalties or rectification situations during the reporting period[180](index=180&type=chunk) [Integrity Status](index=43&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) No integrity issues were reported for the company, its controlling shareholder, or actual controller during the reporting period - The company had no integrity issues with its controlling shareholder or actual controller during the reporting period[181](index=181&type=chunk) [Significant Related Party Transactions](index=43&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) Routine related party transactions with Xinlong Vehicle Materials Industry Co., Ltd. for bicycle parts sales did not exceed approved limits Related Party Transactions Related to Daily Operations | Related Party | Related Party Relationship | Related Party Transaction Type | Related Party Transaction Content | Related Party Transaction Amount (CNY 10,000) | Proportion of Similar Transactions | Approved Transaction Limit (CNY 10,000) | Exceeded Approved Limit | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xinlong Vehicle Materials Industry Co., Ltd. | Under common control by the same shareholder | Sales of products to related parties | Bicycle parts | 475.57 | 0.82% | 1,100 | No | - The company had no related party transactions involving asset or equity acquisition/disposal during the reporting period[182](index=182&type=chunk) - The company had no related party transactions involving joint external investment during the reporting period[183](index=183&type=chunk) - The company had no related party debt or credit transactions during the reporting period[184](index=184&type=chunk) - The company and its related financial companies had no deposits, loans, credit lines, or other financial business with related parties[185](index=185&type=chunk) [Significant Contracts and Their Performance](index=44&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) Taicang Xinlong Vehicle Materials Co., Ltd.'s factory lease contract with Maoxuan Intelligent Technology (Taicang) Co., Ltd. provides stable income Leasing Information | Lessor Name | Lessee Name | Leased Asset Description | Leased Asset Amount (CNY 10,000) | Lease Start Date | Lease End Date | Lease Income (CNY 10,000) | Impact of Lease Income on Company | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Taicang Xinlong Vehicle Materials Co., Ltd. | Maoxuan Intelligent Technology (Taicang) Co., Ltd. | Lease of all properties of Taicang Xinlong | 1,635.95 | 2020/03/01 | 2030/08/31 | 503.17 | Increases profit, continuous stable cash inflow | Company Guarantees for Subsidiaries | Guaranteed Entity Name | Guaranteed Amount (CNY 10,000) | Actual Guaranteed Amount (CNY 10,000) | Guarantee Period | Fulfilled | | :--- | :--- | :--- | :--- | :--- | | Tianjin Xinlong Industrial Co., Ltd. | 8,000 | 4,410 | 2 years | No | | Tianjin Xinlong Industrial Co., Ltd. | 3,500 | 2,500 | 2 years | No | | Tianjin Xinlong Industrial Co., Ltd. | 3,500 | 3,000 | 2 years | No | | Tianjin Xinlong Industrial Co., Ltd. | 3,000 | 2,000 | 2 years | No | | HLC Health Industry (Taicang) Co., Ltd. | 1,700 | 1,700 | 10 years | No | - During the reporting period, the total approved guarantee limit for subsidiaries was **CNY 260 million**, and the actual guarantee amount incurred for subsidiaries was **CNY 132.4 million**[192](index=192&type=chunk) - At the end of the reporting period, the total approved guarantee limit for subsidiaries was **CNY 17 million**, and the actual guarantee balance for subsidiaries was **CNY 17 million**[192](index=192&type=chunk) - The total actual guarantee amount (**CNY 136.1 million**) accounts for **15.90%** of the company's net assets[192](index=192&type=chunk) - The company had no entrusted wealth management or other significant contracts during the reporting period[193](index=193&type=chunk)[194](index=194&type=chunk) [Explanation of Other Significant Matters](index=46&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) Original shareholders of Wuhan Tianteng Power Technology Co., Ltd., Liu Han and Xiao Xuguo, failed to meet performance commitments for 2020 and 2021, owing the company CNY 17.6303 million in compensation - Original shareholders Liu Han and Xiao Xuguo of Wuhan Tianteng Power Technology Co., Ltd. failed to fulfill their performance commitments for 2020 and 2021, and should pay the company cash compensation totaling **CNY 17.6303 million**[197](index=197&type=chunk) - The company has signed an equity pledge agreement with Liu Han, the former actual controller and shareholder of Tianteng Power, pledging his **1.0232 million shares** in Tianteng Power for the aforementioned performance compensation[197](index=197&type=chunk) - The company hired lawyers in January 2024 to initiate legal recovery procedures for the performance compensation, and the case was heard in the Bao'an District People's Court of Shenzhen in December 2024, but has since been transferred to the Shenzhen International Arbitration Court for arbitration on a later date due to jurisdiction objections[198](index=198&type=chunk) - At the end of 2023, the company made a single provision for bad debts of **CNY 6.8459 million** for the portion of the performance compensation not covered by pledged assets, based on the appraisal results of an appraisal institution[198](index=198&type=chunk) [Significant Matters of Company Subsidiaries](index=47&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) No significant matters occurred for the company's subsidiaries during the reporting period - The company's subsidiaries had no significant matters during the reporting period[199](index=199&type=chunk) Share Changes and Shareholder Information [Share Changes](index=48&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) The company's total share capital remained unchanged at 368,060,000 shares, with consistent restricted and unrestricted share proportions Share Changes | Share Class | Number of Shares Before Change | Percentage | Change (＋,－) | Number of Shares After Change | Percentage | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 3,588,025 | 0.97% | 0 | 3,588,025 | 0.97% | | II. Unrestricted Shares | 364,471,975 | 99.03% | 0 | 364,471,975 | 99.03% | | III. Total Shares | 368,060,000 | 100.00% | 0 | 368,060,000 | 100.00% | - The company's total share capital remained unchanged during the reporting period[201](index=201&type=chunk) [Securities Issuance and Listing](index=49&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) No securities issuance or listing occurred during the reporting period - The company had no securities issuance or listing during the reporting period[202](index=202&type=chunk) [Number of Shareholders and Shareholding](index=49&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) At the end of the reporting period, the company had 45,864 common shareholders, with major holdings by Litian Development Co., Ltd. and FERNANDO CORPORATION - At the end of the reporting period, the total number of common shareholders was **45,864**[203](index=203&type=chunk) Shareholding of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at Period-End (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Litian Development Co., Ltd. | Overseas Legal Person | 41.98% | 154,522,500 | 154,522,500 | | FERNANDO CORPORATION | Overseas Legal Person | 5.69% | 20,926,447 | 20,926,447 | | Guosen Securities (Hong Kong) Asset Management Co., Ltd. - Liao Xuehong Special Account - RMB Inflow | Overseas Legal Person | 2.00% | 7,363,200 | 7,363,200 | - Liao Xuehong, a person acting in concert with controlling shareholder Litian Development Co., Ltd. and a company director, holds **7,363,200 shares** through the "Guosen Securities (Hong Kong) Asset Management Co., Ltd. - Liao Xuehong Special Account - RMB Inflow" account[203](index=203&type=chunk) - At the 2024 Annual General Meeting, FERNANDO CORPORATION authorized Liao Xuejin to vote, with all votes being in favor[203](index=203&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=50&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) No changes occurred in the shareholdings of the company's directors, supervisors, and senior management during the reporting period - The company's directors, supervisors, and senior management had no changes in their shareholdings during the reporting period[205](index=205&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=50&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) No changes occurred in the company's controlling shareholder or actual controller during the reporting period - The company's controlling shareholder did not change during the reporting period[206](index=206&type=chunk) - The company's actual controller did not change during the reporting period[206](index=206&type=chunk) [Preferred Share Information](index=51&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[207](index=207&type=chunk) Bond-Related Information [Bond-Related Information](index=52&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) No bond-related information for the company during the reporting period - The company had no bond-related information during the reporting period[209](index=209&type=chunk) Financial Report [Audit Report](index=53&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 not audited - The company's semi-annual financial report was not audited[211](index=211&type=chunk) [Financial Statements](index=53&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company financial statements for H1 2025, detailing financial position, operating results, and cash flows - Consolidated balance sheet, parent company balance sheet, consolidated income statement, parent company income statement, consolidated cash flow statement, and parent company cash flow statement are provided[212](index=212&type=chunk)[216](index=216&type=chunk)[220](index=220&type=chunk)[223](index=223&type=chunk)[226](index=226&type=chunk)[228](index=228&type=chunk) - Consolidated statement of changes in owners' equity and parent company statement of changes in owners' equity are provided[230](index=230&type=chunk)[237](index=237&type=chunk) [Company Basic Information](index=69&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) Established in 2003 and listed in 2007, Shenzhen HLC Corp. has 368.06 million shares, headquartered in Shenzhen, focusing on bicycle parts and sports/rehabilitation equipment - Shenzhen HLC Corp. was established on **December 15, 2003**, with approval from the Ministry of Commerce of the People's Republic of China, and listed on the Shenzhen Stock Exchange on **January 12, 2007**[242](index=242&type=chunk) - As of **December 31, 2024**, the company's total share capital was **368.06 million shares**, including **364.471975 million unrestricted shares** and **3.588025 million restricted shares**[244](index=244&type=chunk) - The company belongs to the sports goods manufacturing industry, with a business scope including R&D, production, and sales of sports equipment, rehabilitation aids, computer accessories, aluminum extrusion and forging (products), bicycle handlebars, stems, seat posts, suspension forks, and tube forming processing; it also produces and exports toys and children's bicycles, and provides general freight services[245](index=245&type=chunk) [Basis of Financial Statement Preparation](index=70&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) Financial statements are prepared on a going concern basis, adhering to accounting standards, with no significant doubts about continued operations - The company prepares its financial statements on a going concern basis, in accordance with the "Enterprise Accounting Standards" and relevant regulations issued by the Ministry of Finance, based on actual transactions and events[246](index=246&type=chunk) - The company has no matters or circumstances that would cause significant doubt about its ability to continue as a going concern for the 12 months from the end of the reporting period[247](index=247&type=chunk) [Significant Accounting Policies and Accounting Estimates](index=71&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 the company's specific accounting policies and estimates for financial instruments, fixed assets, intangible assets, and revenue recognition, affirming compliance with accounting standards - The financial statements prepared by the company comply with the requirements of enterprise accounting standards, truthfully and completely reflecting the company's financial position, operating results, and cash flows[249](index=249&type=chunk) - The accounting year runs from **January 1 to December 31** of the Gregorian calendar, and the company considers **12 months** as one operating cycle[250](index=250&type=chunk)[251](index=251&type=chunk) - The company and its domestic subsidiaries use **RMB** as their functional currency, while its overseas subsidiaries determine their functional currency based on the primary economic environment in which they operate[252](index=252&type=chunk) - Detailed explanations are provided for the accounting treatment methods for business combinations under common control and non-common control[256](index=256&type=chunk)[257](index=257&type=chunk)[258](index=258&type=chunk)[259](index=259&type=chunk)[260](index=260&type=chunk)[261](index=261&type=chunk) - The criteria for determining control and the methods for preparing consolidated financial statements are elaborated[262](index=262&type=chunk)[263](index=263&type=chunk)[264](index=264&type=chunk)[265](index=265&type=chunk)[266](index=266&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk)[269](index=269&type=chunk) - Detailed explanations are provided for the classification, recognition criteria, measurement methods, and impairment treatment of financial instruments[277](index=277&type=chunk)[278](index=278&type=chunk)[279](index=279&type=chunk)[280](index=280&type=chunk)[281](index=281&type=chunk)[282](index=282&type=chunk)[283](index=283&type=chunk)[284](index=284&type=chunk)[285](index=285&type=chunk)[286](index=286&type=chunk)[287](index=287&type=chunk)[288](index=288&type=chunk)[289](index=289&type=chunk)[290](index=290&type=chunk)[291](index=291&type=chunk)[292](index=292&type=chunk)[293](index=293&type=chunk)[294](index=294&type=chunk)[295](index=295&type=chunk)[296](index=296&type=chunk)[297](index=297&type=chunk)[298](index=298&type=chunk) - Detailed explanations are provided for the determination methods of expected credit losses for notes receivable, accounts receivable, accounts receivable financing, other receivables, and contract assets[300](index=300&type=chunk)[301](index=301&type=chunk)[302](index=302&type=chunk)[303](index=303&type=chunk)[304](index=304&type=chunk)[305](index=305&type=chunk)[306](index=306&type=chunk)[307](index=307&type=chunk)[308](index=308&type=chunk)[309](index=309&type=chunk)[310](index=310&type=chunk)[311](index=311&type=chunk)[312](index=312&type=chunk)[313](index=313&type=chunk)[314](index=314&type=chunk)[315](index=315&type=chunk)[316](index=316&type=chunk)[317](index=317&type=chunk)[318](index=318&type=chunk)[319](index=319&type=chunk) - Detailed explanations are provided for inventory categories, issuance valuation methods, inventory systems, amortization methods for low-value consumables and packaging materials, and inventory impairment provisions[320](index=320&type=chunk)[321](index=321&type=chunk)[322](index=322&type=chunk)[323](index=323&type=chunk)[324](index=324&type=chunk)[325](index=325&type=chunk) - Detailed explanations are provided for the recognition criteria, initial measurement, depreciation methods, and impairment of fixed assets[360](index=360&type=chunk)[361](index=361&type=chunk)[362](index=362&type=chunk)[363](index=363&type=chunk)[364](index=364&type=chunk)[365](index=365&type=chunk) - Detailed explanations are provided for the useful life of intangible assets and its determination basis, estimation, amortization methods or review procedures, and the scope of R&D expenditure aggregation and related accounting treatment methods[374](index=374&type=chunk)[375](index=375&type=chunk)[376](index=376&type=chunk)[377](index=377&type=chunk)[378](index=378&type=chunk)[379](index=379&type=chunk)[380](index=380&type=chunk)[381](index=381&type=chunk) - Detailed explanations are provided for the general principles of revenue recognition and the specific recognition principles for the company's domestic and export sales revenue[401](index=401&type=chunk)[402](index=402&type=chunk)[403](index=403&type=chunk)[404](index=404&type=chunk)[405](index=405&type=chunk)[406](index=406&type=chunk)[407](index=407&type=chunk) - Detailed explanations are provided for the classification, recognition timing, and accounting treatment of government grants[412](index=412&type=chunk)[413](index=413&type=chunk)[414](index=414&type=chunk)[415](index=415&type=chunk)[416](index=416&type=chunk)[417](index=417&type=chunk)[418](index=418&type=chunk)[419](index=419&type=chunk)[420](index=420&type=chunk) - Detailed explanations are provided for the recognition and measurement of deferred income tax assets and deferred income tax liabilities[421](index=421&type=chunk)[422](index=422&type=chunk)[423](index=423&type=chunk)[424](index=424&type=chunk)[425](index=425&type=chunk) - Detailed explanations are provided for the accounting treatment methods for leases as a lessee and as a lessor[426](index=426&type=chunk)[427](index=427&type=chunk)[428](index=428&type=chunk)[429](index=429&type=chunk)[430](index=430&type=chunk)[431](index=431&type=chunk)[432](index=432&type=chunk)[433](index=433&type=chunk)[434](index=434&type=chunk)[435](index=435&type=chunk) [Taxation](index=113&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) The company's main taxes include VAT, urban maintenance and construction tax, corporate income tax, property tax, education surcharge, and local education surcharge Main Tax Categories and Rates | Tax Category | Tax Rate | | :--- | :--- | | Value-Added Tax (VAT) | Calculated at tax rates of 3%, 5%, 6%, 9%, 10%, 13%. Export goods are subject to "exemption, offset, and refund" policy, with a refund rate of 13%. | | Urban Maintenance and Construction Tax | 7% | | Corporate Income Tax | 25% | | Property Tax | 1.2%, 12% | | Education Surcharge | 3% | | Local Education Surcharge | 2% | - Shenzhen HLC Corp. enjoys corporate income tax incentives as a high-tech enterprise, taxed at a **15% rate** (2023-2025)[447](index=447&type=chunk) - Xinyou Industrial (Vietnam) Co., Ltd. enjoys a "two-year exemption, four-year half reduction" incentive, with the current year being a tax half-reduction period, meaning it is taxed at a **10% income tax rate**[447](index=447&type=chunk) - Xinlong Industrial (Hong Kong) Co., Ltd. is subject to a two-tiered profits tax rate of **8.25% and 16.5%**[448](index=448&type=chunk) [Notes to Consolidated Financial Statement Items](index=115&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 details consolidated financial statement items, including cash, receivables, inventory, fixed assets, borrowings, payables, revenue, and costs Period-End Balance of Cash and Bank Balances | Item | Period-End Balance (CNY) | Period-Start Balance (CNY) | | :--- | :--- | :--- | | Cash on Hand | 355,075.39 | 299,243.31 | | Bank Deposits | 401,888,478.45 | 383,309,458.11 | | Other Cash and Bank Balances | 6,541.24 | 18,424.21 | | Total | 402,250,095.08 | 383,627,125.63 | | Of which: Total Amount of Funds Deposited Overseas | 75,697,015.98 | 88,464,578.11 | Period-End Balance of Accounts Receivable | Category | Period-End Book Balance (CNY) | Provision for Bad Debts (CNY) | Book Value (CNY) | | :--- | :--- | :--- | :--- | | Accounts receivable for which bad debt provisions are individually recognized | 18,289,999.49 | 18,289,999.49 | 0.00 | | Accounts receivable for which bad debt provisions are recognized in combination | 293,547,204.95 | 10,106,094.47 | 283,441,110.48 | | Total | 311,837,204.44 | 28,396,093.96 | 283,441,110.48 | Period-End Balance of Inventory Classification | Item | Book Balance (CNY) | Inventory Impairment Provision or Contract Performance Cost Impairment Provision (CNY) | Book Value (CNY) | | :--- | :--- | :--- | :--- | | Raw Materials | 55,476,153.03 | 5,104,255.15 | 50,371,897.88 | | Work in Progress | 45,808,899.10 | 767,585.07 | 45,041,314.03 | | Finished Goods | 66,273,641.42 | 8,942,445.80 | 57,331,195.62 | | Revolving Materials | 7,310,698.35 | 399,479.59 | 6,911,218.76 | | Contract Performance Costs | 31,278.30 | | 31,278.30 | | Goods in Transit | 8,359,220.81 | | 8,359,220.81 | | Total | 183,259,891.01 | 15,213,765.61 | 168,046,125.40 | Operating Revenue and Operating Costs | Item | Current Period Revenue (CNY) | Current Period Cost (CNY) | Prior Period Revenue (CNY) | Prior Period Cost (CNY) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 569,269,064.10 | 498,384,295.45 | 519,824,316.80 | 437,380,827.16 | | Other Businesses | 12,303,880.92 | 9,923,642.63 | 12,861,046.44 | 6,134,246.59 | | Total | 581,572,945.02 | 508,307,938.08 | 532,685,363.24 | 443,515,073.75 | Financial Expenses | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Interest Expense | 7,839,699.27 | 6,865,186.36 | | Interest Income | -3,384,467.98 | -4,057,452.25 | | Exchange Loss | 2,840,934.25 | 1,397,997.76 | | Exchange Gain | -7,046,395.32 | -6,609,715.87 | | Cash Discount | -249,601.19 | -155,791.52 | | Financial Institution Fees | 397,344.83 | 217,814.58 | | Amortization of Unrecognized Financing Costs | 332,102.96 | 455,814.10 | | Total | 729,616.82 | -1,886,146.84 | [R&D Expenses](index=162&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) Total R&D expenses were CNY 20.4031 million, all expensed, up 5.31% year-on-year, mainly for personnel, molds, testing, and depreciation R&D Expense Details | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Employee Compensation | 13,199,065.18 | 12,110,578.35 | | Mold Fees | 1,551,043.68 | 1,302,144.27 | | Depreciation Expense | 1,334,175.05 | 1,322,902.87 | | Material Consumption | 589,992.59 | 674,639.94 | | R&D Testing Fees | 1,959,590.09 | 1,800,066.22 | | Inspection Fees | 111,333.58 | 54,663.67 | | Patent Fees | 109,959.40 | 238,774.56 | | Repair Fees | 270,290.53 | 242,111.46 | | Travel Expenses | 187,326.46 | 206,672.82 | | Share-based Payment | 113,583.30 | 283,958.22 | | Other | 976,735.67 | 1,137,179.50 | | Total | 20,403,095.53 | 19,373,691.88 | - All R&D expenses for the current period were expensed, with no capitalized R&D expenses[698](index=698&type=chunk) [Changes in Consolidation Scope](index=163&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) In August 2024, Shenzhen HLC Health Management Co., Ltd. was established and included in the consolidation scope, with the company holding 51% equity - In **August 2024**, the company, Shenzhen Zhongjile Investment Partnership (Limited Partnership), and Guangdong Yangfeng Technology Co., Ltd. jointly invested to establish Shenzhen HLC Health Management Co., Ltd., with the company contributing **CNY 510,000**, accounting for **51.00%** of its registered capital, and possessing substantial control; therefore, it has been included in the scope of consolidated financial statements since its establishment[702](index=702&type=chunk) - As of **June 30, 2025**, Shenzhen HLC Health Management Co., Ltd.'s net assets were **CNY 281,898.53**, and its net profit for the reporting period was **-CNY 211,579.86**[702](index=702&type=chunk) - There were no reductions in subsidiaries due to other reasons, nor any mergers by absorption during the current period[703](index=703&type=chunk) [Interests in Other Entities](index=164&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds interests in numerous subsidiaries, including significant non-wholly owned subsidiary Vietnam Xinyou, and associate company Wuhan Tianteng Power Composition of Enterprise Group (Major Subsidiaries) | Subsidiary Name | Registered Capital (CNY) | Business Nature | Shareholding Percentage (Direct) | Shareholding Percentage (Indirect) | Acquisition Method | | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Xindie Technology Co., Ltd. | 5,320,000.00 | Manufacturing | 55.00% | | Established | | Tianjin Xinlong Industrial Co., Ltd. | 225,906,220.00 | Manufacturing | 100.00% | | Established | | Xinlong Industrial (Hong Kong) Co., Ltd. | 125,872,770.00 | Wholesale and Retail | 100.00% | | Established | | HLC Health Industry (Taicang) Co., Ltd. | 9,000,000.00 | Wholesale and Retail | 55.56% | 44.44% | Established | | Taicang Xinlong Vehicle Materials Co., Ltd. | 179,396,366.61 | Manufacturing | 75.00% | | Business combination under common control | | HL CORP(USA) | 9,104,150.00 | Wholesale and Retail | 51.00% | | Business combination under common control | | Shenzhen Leiqi Technology Co., Ltd. | 20,000,000.00 | Wholesale and Retail, Movable Property Leasing | 100.00% | | Established | | Shenzhen HLC Health Management Co., Ltd. | 1,000,000.00 | Health Management Services | 51.00% | | Established | | Xinyou Industrial (Vietnam) Co., Ltd. | 182,205,089.03 | Manufacturing | | 67.62% | Business combination not under common control | | Tianjin Ruimu Industrial Co., Ltd. | 50,000,000.00 | Manufacturing | | 100.00% | Established | Important Non-Wholly Owned Subsidiaries | Subsidiary Name | Minority Shareholding Percentage | Net Profit/Loss Attributable to Minority Shareholders (CNY) | Minority Interest Balance at Period-End (CNY) | | :--- | :--- | :--- | :--- | | Xinyou Industrial (Vietnam) Co., Ltd. | 32.38% | -1,913,846.78 | 42,540,511.49 | Key Financial Information of Important Associates (Wuhan Tianteng Power Technology Co., Ltd.) | Item | Period-End Balance/Current Period Amount (CNY) | Period-Start Balance/Prior Period Amount (CNY) | | :--- | :--- | :--- | | Current Assets | 52,891,887.96 | 84,308,889.32 | | Non-Current Assets | 54,175,368.93 | 58,067,843.38 | | Total Assets | 107,067,256.89 | 142,376,732.70 | | Current Liabilities | 60,419,865.41 | 81,997,972.34 | | Non-Current Liabilities | | | | Total Liabilities | 60,419,865.41 | 81,997,972.34 | | Minority Interest | | | | Equity Attributable to Parent Company Shareholders | 46,647,391.48 | 60,378,760.36 | | Net Asset Share Calculated by Shareholding Percentage | 5,845,198.04 | 7,565,820.95 | | Adjustments | | | | --Goodwill | | | | --Unrealized Profit from Internal Transactions | | | | --Other | | | | Carrying Amount of Equity Investment in Associates | 12,372,635.58 | 14,193,485.80 | | Fair Value of Equity Investment in Associates with Public Quotations | | | | Operating Revenue | 11,852,341.66 | 10,145,066.30 | | Net Profit | -13,983,289.96 | -20,329,482.19 | | Net Profit from Discontinued Operations | | | | Other Comprehensive Income | -281,079.39 | 45,866.30 | | Total Comprehensive Income | -14,264,369.35 | -47,128,170.79 | | Dividends Received from Associates in Current Year | | | [Government Grants](index=169&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) Government grants recognized in profit or loss totaled CNY 979,200, primarily for infrastructure and export credit insurance, with deferred income of CNY 11.8677 million Government Grants Recognized in Current Profit or Loss | Accounting Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Other Income | 979,165.46 | 1,231,264.73 | Liability Items Involving Government Grants (Deferred Income) | Accounting Item | Period-Start Balance (CNY) | New Grants Added in Current Period (CNY) | Amount Transferred to Other Income in Current Period (CNY) | Period-End Balance (CNY) | Related to Assets/Income | | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 12,502,485.80 | 4,407,874.80 | 5,042,641.44 | 11,867,719.16 | Asset-related | [Risks Related to Financial Instruments](index=169&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company manages credit, market (foreign exchange, interest rate), and liquidity risks through diversification, credit assessment, hedging, and cash flow forecasting - The company faces various financial instrument risks in its daily operations, primarily including credit risk, market risk, and liquidity risk[721](index=721&type=chunk) - The company closely monitors the impact of exchange rate fluctuations on its exchange rate risk, matching foreign currency income with foreign currency expenditures as much as possible to reduce foreign exchange risk, and signing forward foreign exchange contracts to hedge against exchange rate risk[724](index=724&type=chunk) - The company's exposure to market interest rate changes primarily relates to its floating-rate borrowings, and it maintains an appropriate mix of fixed and floating-rate instruments through regular review and monitoring[725](index=725&type=chunk) - For receivables, the company manages credit risk concentration by customer, sets policies to control credit risk exposure, and regularly monitors debtors' credit records[727](index=727&type=chunk) - As of **June 30, 2025**, the company's asset-liability ratio was **43.62%**[744](index=744&type=chunk) [Disclosure of Fair Value](index=174&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) Recurring fair value measured assets totaled CNY 25.0474 million, mainly bank acceptance bills, with other financial instruments' book values close to fair values Period-End Fair Value of Assets and Liabilities Measured at Fair Value | Item | Level 2 Fair Value Measurement (CNY) | Total (CNY) | | :--- | :--- | :--- | | Accounts Receivable Financing | 25,047,377.39 | 25,047,377.39 | | Total Assets Measured at Fair Value on a Recurring Basis | 25,047,377.39 | 25,047,377.39 | - Accounts receivable financing, primarily notes receivable, has a short remaining term, and its book value is close to its fair value, which is determined by th

独立董事应当独立履行职责，不受公司及公司主要股东、实际控制人等单 位或者个人的影响。 第三条 独立董事对公司及全体股东负有忠实与勤勉的义务，应当按照法 律、行政法规、中国证监会规定、深圳证券交易所业务规则和公司章程的规 定，认真履行职责，在董事会中发挥参与决策、监督制衡、专业咨询作用，维 护公司整体利益，保护中小股东合法权益。 第四条 独立董事原则上最多在三家境内上市公司兼任独立董事，并应当 确保有足够的时间和精力有效地履行独立董事的职责。 第五条 公司独立董事占董事会成员的比例不得低于三分之一，且至少包 括一名会计专业人士。 公司审计委员会成员中，独立董事应当过半数，并由独立董事中会计专业 人士担任召集人。董事会提名委员会、薪酬与考核委员会中，独立董事应当过 半数并担任召集人。 深圳信隆健康产业发展股份有限公司 独立董事制度 第一章 总则 第一条 为进一步完善深圳信隆健康产业发展股份有限公司（以下简称 "公司"）的治理结构，促进公司的规范运作，根据中国证监会《上市公司独 立董事管理办法》《上市公司独立董事履职指引》《深圳证券交易所上市公司 自律监管指引第1号——主板上市公司规范运作》（以下简称"自律监管指引 ...

深圳信隆健康产业发展股份有限公司 董事会审计委员会议事规则 第一章 总则 第一条 为强化公司董事会决策的科学性，提高决策水平，充分发挥审计委 员会对公司财务信息、内部控制、内外部审计等工作的监督作用，健全公司内部 监督机制，完善公司治理结构，根据《中华人民共和国公司法》（以下简称"《公 司法》"）《上市公司治理准则》《上市公司独立董事管理办法》《深圳证券交易所 股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公 司规范运作》等有关法律、法规、规章、规范性文件及《深圳信隆健康产业发展 股份有限公司章程》（以下简称"《公司章程》"）的有关规定，公司董事会设置 审计委员会，并制定本议事规则。 第二条 董事会审计委员会是董事会下设的负责公司内、外部审计的沟通， 监督和核查工作的专门工作机构。 第二章 人员组成 第三条 审计委员会成员为三名，为不在公司担任高级管理人员的董事，其 中独立董事二名，由独立董事中会计专业人士担任召集人。公司董事会成员中的 职工代表可以成为审计委员会成员。 第四条 审计委员会成员由董事长、过半数的独立董事或者 1/3 以上的董事 提名，并由董事会选举产生。 第五条 审计 ...

第一条 为适应公司战略发展需要，增强公司核心竞争力，确定公司发展规 划，健全投资决策程序，加强决策科学性，提高重大投资决策的效益和质量，完 善公司治理结构，根据《中华人民共和国公司法》《上市公司治理准则》《上市公 司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公 司自律监管指引第 1 号——主板上市公司规范运作》等有关法律、法规、规章、 规范性文件及《深圳信隆健康产业发展股份有限公司章程》（以下简称"《公司章 程》"）的有关规定，公司董事会设立战略委员会，并制定本议事规则。 第二条 公司董事会战略委员会是董事会下设的专门工作机构，主要负责对 公司长期发展战略方向和重大投资决策进行研究并提出建议。 第二章 人员组成 深圳信隆健康产业发展股份有限公司 董事会战略委员会议事规则 第一章 总则 第三条 战略委员会成员为三名，由董事担任。 第四条 战略委员会成员由董事长、过半数的独立董事或者 1/3 以上的董事 提名，并由董事会选举产生。 第五条 战略委员会设主任委员（召集人）一名，由公司董事长担任。 第六条 战略委员会成员的任期与董事任期一致，成员任期届满，连选可以 连任，期间如有成员不再担任 ...

第一条 为规范公司董事及高级管理人员的产生，优化董事会成员的组成， 完善公司治理结构，根据《中华人民共和国公司法》《上市公司治理准则》《上市 公司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳证券交易所上市 公司自律监管指引第 1 号——主板上市公司规范运作》等有关法律、法规、规章、 规范性文件及《深圳信隆健康产业发展股份有限公司章程》（以下简称"《公司章 程》"）的有关规定，公司董事会设立提名委员会，并制定本议事规则。 第二条 提名委员会是董事会下设的专门工作机构，主要负责对公司董事和 高级管理人员的选任程序、标准和任职资格进行审议并向董事会提出建议。 第三条 本议事规则所称高级管理人员是指总经理、副总经理、财务总监、 董事会秘书及由董事会认定的其他高级管理人员。 第二章 人员组成 第四条 提名委员会成员为三名，由董事担任，其中独立董事两名。 第五条 提名委员会成员由董事长、过半数的独立董事或者 1/3 以上的董事 提名，并由董事会选举产生。 深圳信隆健康产业发展股份有限公司 董事会提名委员会议事规则 第一章 总则 第六条 提名委员会设主任委员（召集人）一名，由独立董事成员担任，负 责主持委员会工作 ...

深圳信隆健康产业发展股份有限公司 章程 深圳信隆健康产业 发展股份有限公司 章程 二零二五年八月 1 深圳信隆健康产业发展股份有限公司 章程 深圳信隆健康产业发展股份有限公司 章 程 第一节 董事的一般规定 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 第六章 高级管理人员 第一节 财务会计制度 第二节 内部审计 深圳信隆健康产业发展股份有限公司 章程 目 录 第四章 股东和股东会 第五章 董事和董事会 第七章 财务会计制度、利润分配和审计 2 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第三节 会计师事务所的聘任 第八章 通知与公告 第九章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十章 修改章程 第十一章 附则 第一章 总 则 第一条 为维护深圳信隆健康产业发展股份有限公司（以下简称"公司" 或"本公 ...

深圳信隆健康产业发展股份有限公司 股东会议事规则 深圳信隆健康产业发展股份有限公司 股东会议事规则 第一章 总则 第一条 为规范上市公司行为，保证股东会依法行使职权，根据《中华 人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券 法》（以下简称"《证券法》"）、《深圳证券交易所上市公司自律监管指 引第1号——主板上市公司规范运作》、《上市公司股东会规则》等法律、规 章、规范性文件及《深圳信隆健康产业发展股份有限公司章程》（以下简称 "《公司章程》"）的规定，制定本议事规则。 深圳信隆健康产业发展股份有限公司 股东会议事规则 （二）出席会议人员的资格、召集人资格是否合法有效； 第二条 公司应当严格按照法律、行政法规、本议事规则及《公司章程》 的相关规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事 应当勤勉尽责，确保股东会正常召开和依法行使职权。 第三条 股东会应当在《公司法》和《公司章程》规定的范围内行使职 权。 第四条 股东会分为年度股东会和临时股东会。年度股东会每年召开一 次，应当于上一会计年度结束后的6个月内举行。临时股东会不定期召 ...

深圳信隆健康产业发展股份有限公司 董事会议事规则 第一章 总则 第一条 为了保护公司和股东的权益，规范董事的行为，建立规范化的董事会 组织架构及运作程序，保障公司经营决策高效、有序地进行，依照《中华人民共和 国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称 "《证券法》"）、《上市公司治理准则》《上市公司独立董事管理办法》《深 圳证券交易所股票上市规则》等法律、规章、规范性文件及《深圳信隆健康产业 发展股份有限公司章程》（以下简称"《公司章程》"）的规定，制定本议事规 则。 第二条 本议事规则自生效之日起，即成为规范公司董事会的组织与行为，规 范公司董事长、董事、董事会下设的各专门委员会、董事会秘书职权、职责、权利 与义务的具有法律约束力的文件。 第二章 董事 第三条 公司董事为自然人，有下列情形之一的，不能担任公司的董事： （一）无民事行为能力或者限制民事行为能力； （二）因贪污、贿赂、侵占财产、挪用财产或者破坏社会主义市场经济秩序， 被判处刑罚，或者因犯罪被剥夺政治权利，执行期满未逾五年，被宣告缓刑的， 自缓刑考验期满之日起未逾2年； （三）担任破产清算的公司、企业的董事或者厂长、 ...

董事、高级管理人员薪酬制度 为充分发挥公司董事及高级管理人员的积极性和创造性，实现"责任、风险、利益一 致"的公平原则，合理确定公司董事、高级管理人员的收入水平，特制订本制度。 第一条 适用本制度的董事、高级管理人员包括：公司董事长、董事、总经理、副 总经理、董事会秘书、财务负责人等。 第二条 依据产生方式和工作性质不同，公司将董事划分为： （一）内部董事：指与公司之间签订聘任合同以担任公司某一业务主管，负责管理 公司有关事务的董事（例如董事兼任总经理、副总经理或其他高级管理人员），包括董 事长。 （二）外部董事：指不在公司担任除董事以外的其他职务的非独立董事。 （三）独立董事：指不在公司担任除董事外的其他职务，公司依照《上市公司独立 董事管理办法》的规定所聘任的，与公司及其主要股东、实际控制人不存在直接或者间 接利害关系，或者其他可能影响其独立客观判断的关系的董事。 深圳信隆健康产业发展股份有限公司 （二）董事长因实际执行公司业务，除按上列第一款获得津贴外，有权领取董事长 薪酬。董事长薪酬每年37.2万元（税前），按月平均发放，所得税按月自该薪酬中扣除。 （三）内部董事除按上列第一款规定获得津贴外，有权依其 ...

深圳信隆健康产业发展股份有限公司 董事会薪酬与考核委员会议事规则 第一章 总则 第四条 薪酬与考核委员会成员为三名，由董事担任，其中独立董事两名。 第一条 为进一步建立健全公司董事及高级管理人员的考核和薪酬管理制 度，完善公司治理结构，根据《中华人民共和国公司法》《上市公司治理准则》 《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳证券交易 所上市公司自律监管指引第 1 号——主板上市公司规范运作》等有关法律、法规、 规章、规范性文件及《深圳信隆健康产业发展股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，公司董事会设立薪酬与考核委员会，并制定本议事规则。 第五条 薪酬与考核委员会成员由董事长、过半数的独立董事或者 1/3 以上 的董事提名，并由董事会选举产生。 第二条 薪酬与考核委员会是董事会下设的专门工作机构，主要负责研究公 司董事及高级管理人员的考核标准，进行考核并提出建议；研究、审查公司董事 及高级管理人员的薪酬政策与方案，对董事会负责。 第六条 薪酬与考核委员会设主任委员（召集人）一名，由独立董事成员担 任，负责主持委员会工作；主任委员（召集人）由董事长提名并经董事会选举产 ...