Core Points - The announcement pertains to a change in shareholder equity involving Cangzhou Mingzhu Plastic Co., Ltd, specifically regarding the reduction of shares held by a major shareholder, Hangzhou Zhongda Junyue Investment Co., Ltd - Junyue Rixin No. 17 Private Securities Investment Fund [1][2] - The major shareholder plans to reduce its holdings by up to 16,646,500 shares, which represents 1.00% of the total share capital after excluding shares in the repurchase account [2] - As of September 3, 2025, the shareholder has already reduced its holdings by 402,100 shares, accounting for 0.0242% of the total share capital after excluding the repurchase account [2] Shareholder Reduction Details - The reduction period is set from August 29, 2025, to November 28, 2025, during which the shareholder will execute the reduction through centralized bidding or block trading [2] - Prior to the reduction, the shareholder held 8,363.49 million shares, representing 5.0242% of the total share capital, which will decrease to 8,323.28 million shares, or 5.0000% after the reduction [2] - The source of the shares being reduced is from a previous agreement transfer [2] Compliance and Governance - The company assures that the change in control will not affect its governance structure or ongoing operations [3] - The shareholder's actions are consistent with previously disclosed intentions and reduction plans, adhering to all relevant legal and regulatory requirements [3] - The company emphasizes its commitment to timely information disclosure in accordance with applicable laws and regulations [3][4]

股票上市地点:深圳证券交易所 股票简称:沧州明珠 沧州明珠塑料股份有限公司 简式权益变动报告书 上市公司名称：沧州明珠塑料股份有限公司 股票代码: 002108 信息披露义务人:杭州中大君悦投资有限公司-君悦日新 17号私募证券投资基金 住所/通讯地址: 浙江省杭州市拱墅区体育场路 288 号建银中心 23 楼 股份变动性质：股份减少（持股比例下降至 5% ） 签署日期: 二〇二五年九月四日 - 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公司收购 管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号 -- 权益变动报告 书》等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准,其履行亦不适反信 息披露义务人章程或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证券 的公司信息披露内容与格式准则第 15 号——权益变动报告书》等规定,本报告书已全 面披露信息披露义务人在沧州明珠塑料股份有限公司〈以下简称"沧州明珠"、"上 市公司"、"公司"）拥有权益的股份变动情况。 截至本报告书签署之 ...

证券代码：002108 证券简称：沧州明珠 公告编号：2025-054 沧州明珠塑料股份有限公司 关于股东权益变动触及 5%刻度的提示性公告 股东杭州中大君悦投资有限公司-君悦日新 17 号私募证券投资基金保证向本公司提供 的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 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： 1、本次权益变动为沧州明珠塑料股份有限公司（以下简称"公司"或"沧 州明珠"）持股 5%以上股东杭州中大君悦投资有限公司-君悦日新 17 号私募证 券投资基金（以下简称"君悦日新 17 号"）履行此前披露的减持股份计划所致。 2、本次权益变动后，君悦日新 17 号持有公司的股份数量为 8,323.28 万股， 占公司剔除回购专用账户中股份数量后总股本比例 5.0000%。 三、其他相关说明 3、本次权益变动不会导致公司控制权发生变更，亦不会对公司治理结构及 持续经营产生重大影响。 公司于 2025 年 8 月 8 日披露了《关于股东减持公司股份的预披露公告》（公 告编号：2025-048），公司持股 5%以上股东君悦日新 17 号计划自减持公告披 ...

Group 1 - The company aims to continuously enhance its technical capabilities and market competitiveness of its products to improve overall performance [2] - The company expresses a commitment to delivering better results to reward its investors [2]

Core Viewpoint - Cangzhou Mingzhu (002108.SZ) reported a solid financial performance for the first half of 2025, with total revenue of 1.319 billion yuan, a 6.88% increase year-on-year, and a net profit attributable to shareholders of 83 million yuan [1][2]. Financial Performance - The company’s total assets reached 7.931 billion yuan, an increase of 4.82% compared to the beginning of the period [1]. - Shareholders' equity decreased by 2.14% to 5.040 billion yuan [1]. - The asset-liability ratio stands at 36.45%, indicating a healthy financial status [1]. Business Segments - **PE Pipeline Products**: Generated revenue of 492 million yuan, making it the primary revenue source for the company. Cangzhou Mingzhu is recognized as a leading manufacturer in the PE gas and water pipeline systems, with increasing market share and brand value [1]. - **BOPA Film Products**: Achieved revenue of 425 million yuan, reflecting a growth of 19.97% year-on-year. The company operates both synchronous and asynchronous stretching production lines, with high equipment utilization rates [2]. - **Lithium-ion Battery Separators**: Recorded revenue of 345 million yuan, a year-on-year increase of 19.88%. The company is actively advancing projects related to separator products and ensuring stable supply for both international and domestic clients [2]. Future Developments - In 2025, Cangzhou Mingzhu plans to add a new dn1600mm production line at its production base, enhancing its competitiveness in the large-diameter water supply and nuclear power pipeline markets [1]. - The two asynchronous stretching production lines in Wuhu and the two advanced asynchronous production lines under construction in Cangzhou are expected to improve the company's domestic capacity and overall competitiveness [2].

Core Viewpoint - The financial performance of Cangzhou Mingzhu (002108) shows mixed results, with revenue growth but a decline in net profit, indicating potential challenges in profitability and cash flow management [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 1.319 billion yuan, a year-on-year increase of 6.88% [1]. - Net profit attributable to shareholders was 82.81 million yuan, down 6.15% year-on-year [1]. - In Q2 2025, total revenue was 740 million yuan, up 2.14% year-on-year, while net profit for the quarter was 34.51 million yuan, an increase of 21.64% [1]. - Gross margin improved to 12.88%, up 8.94% year-on-year, while net margin decreased to 6.28%, down 12.19% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 83.71 million yuan, representing 6.34% of revenue, an increase of 10.5% year-on-year [1]. - Earnings per share remained at 0.05 yuan, a decrease of 5.87% year-on-year [1]. Cash Flow and Debt Analysis - The company reported a significant increase in interest-bearing liabilities, which rose by 49.10% to 1.97 billion yuan [1]. - Cash flow per share was -0.03 yuan, a decline of 109.25% year-on-year, indicating cash flow challenges [1]. - The ratio of cash and cash equivalents to current liabilities was only 56.94%, suggesting potential liquidity issues [3]. - The interest-bearing debt ratio reached 24.84%, highlighting the company's debt burden [3]. Accounts Receivable Concerns - Accounts receivable stood at 914 million yuan, a slight decrease of 1.28% year-on-year, but the ratio of accounts receivable to net profit was alarmingly high at 590.77% [1][3].

Core Viewpoint - Cangzhou Mingzhu (002108.SZ) reported a decrease in institutional ownership in its half-year report for 2025, with a total of 6 institutional investors holding 484 million shares, representing 29.07% of the total share capital, down by 1.42 percentage points from the previous quarter [1] Institutional Investors - A total of 6 institutional investors disclosed their holdings in Cangzhou Mingzhu A-shares, with a combined holding of 484 million shares, accounting for 29.07% of the total share capital [1] - The institutional investors include Hebei Cangzhou Dongsu Group Co., Ltd., Hangzhou Zhongda Junyue Investment Co., Ltd. - Junyue Rixin No. 17 Private Securities Investment Fund, Ju Hong (Hong Kong) Co., Ltd., Hong Kong Central Clearing Limited, Shaanxi International Trust Co., Ltd. - Shaan Guotou · Jinyu No. 185 Securities Investment Collective Fund Trust Plan, and Ping An CSI 2000 Enhanced Strategy ETF [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 1.42 percentage points [1] Public Funds - One new public fund disclosed during this period is the Ping An CSI 2000 Enhanced Strategy ETF [1] - One public fund, the Southern CSI 1000 ETF, was not disclosed in this period compared to the previous quarter [1] Foreign Investment - Two foreign funds reduced their holdings compared to the previous quarter, including Ju Hong (Hong Kong) Co., Ltd. and Hong Kong Central Clearing Limited, with a total reduction of 0.15% [1]

沧州明珠塑料股份有限公司 信息披露暂缓与豁免业务管理制度 第一章 总则 第一条 为规范沧州明珠塑料股份有限公司（以下简称"公司"）信息披露暂 缓与豁免行为，确保公司及相关信息披露义务人（以下简称"信息披露义务人"） 依法合规地履行信息披露义务，保护投资者的合法权益，根据《中华人民共和国 公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《股票上市规 则》以及有关法律、法规、规章和《沧州明珠塑料股份有限公司章程》（以下简 称"《公司章程》"）《公司信息披露管理制度》的规定，结合公司信息披露工作的 实际情况，制定本制度。 第二条 公司和其他信息披露义务人暂缓、豁免披露临时报告，在定期报告、 临时报告中豁免披露中国证券监督管理委员会和深圳证券交易所（以下简称"深 交所"）规定或者要求披露的内容，适用本制度。 第三条 公司应自行审慎判断应当披露的信息是否存在《股票上市规则》及 深交所其他相关业务规则中规定的可暂缓、豁免信息披露的情形，履行内部审核 程序后实施，并接受深交所对有关信息暂缓、豁免披露事项的事后监管。 第二章 信息披露暂缓与豁免的适用情形 第四条 公司和其他信息披露义务人有确实充分的证据证明拟披露 ...

资产负债表 编制单位: 沧州明珠塑 金额单位:人民币元 | 资 | 2025年6月30日 | | 2024年12月31日 | | | --- | --- | --- | --- | --- | | | 合开数 | 母公司 | 合并数 | 母公司 | | 流动员产: | | | | | | 货币贷金 | 595,123,195.58 | 153,824,063.63 | 687,914,440.32 | 214,775,427.50 | | 交易性金融资产 | | | | | | 衍生金融资产 | | | | | | 应收票据 | 82,965,884.42 | 24,565,409.59 | 120,434,913.01 | 26,133,125.26 | | 应收账款 | 914,191,664.89 | 711,501,288.51 | 815,035,587.61 | 658,690,082.08 | | 应收款项融资 | 153,329,217.48 | 45,413,345.62 | 84,846,613.24 | 20,851,533.72 | | 预付款项 | 41.693,441.16 | 1 ...

沧州明珠塑料股份有限公司 2025 年半年度财务报告 沧州明珠塑料股份有限公司 2025 年半年度财务报告 【2025 年 8 月】 1 沧州明珠塑料股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：沧州明珠塑料股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 595,123,195.58 | 687,914,440.32 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 82,965,884.42 | 120,434,913.01 | | 应收账款 | 914,191,664.89 | 815,035,587.61 | | 应收款项融资 | 153,329,217.48 | 84,846,613.24 | | 预付款项 | 41,693,441.1 ...