Core Insights - Company demonstrates strong strategic resilience and operational strength amid international economic challenges, achieving solid financial performance in the first half of 2025 [1] Financial Performance - In H1 2025, the company reported revenue of 44.476 billion yuan, a year-on-year increase of 1.17%, with copper processing business revenue reaching 34.070 billion yuan, up 13.59% [2] - Profitability improved significantly, with total profit of 0.815 billion yuan, a 24.53% increase year-on-year, and net profit attributable to shareholders of 0.711 billion yuan, up 15.03% [2] - Sales volume of copper and copper alloy products reached 526,200 tons, a 3.79% increase year-on-year, with high-value products like copper foil and copper bars seeing substantial growth [2] Global Expansion - The company’s proactive global capacity layout has begun to yield results, particularly in the U.S. market, where revenue from copper processing reached 2.469 billion yuan, a 50.77% increase year-on-year [3] - The U.S. market is expected to see sales growth of no less than 30% in 2025, with production capacity in Texas projected to reach 90,000 tons by year-end [3] - The company is expanding its global footprint with operations in Vietnam, Thailand, and Indonesia, and is progressing with a new materials technology industrial park in Morocco [3] Emerging Markets and Technologies - The company is focusing on emerging sectors such as new energy and high-end thermal management, with significant growth in copper foil business driven by dual-base collaboration [5] - The company has developed over 14 new products targeting advanced applications in solid-state batteries and cooling solutions for data centers, with a notable increase in orders from leading global cooling enterprises [5] Future Outlook - The company is well-positioned to navigate uncertainties in geopolitical, currency, and trade policies through a clear strategic layout and diversified product structure [6] - Plans include accelerating the construction and capacity release of facilities in the U.S., Indonesia, and Morocco, while enhancing R&D in new energy copper foil and high-end thermal materials [7]

智通财经APP讯，海亮股份(002203.SZ)发布2025年半年度报告，该公司营业收入为444.76亿元，同比增 长1.17%。归属于上市公司股东的净利润为7.11亿元，同比增长15.03%。归属于上市公司股东的扣除非 经常性损益的净利润为8.12亿元，同比增长30.56%。基本每股收益为0.36元。此外，拟向全体股东每10 股派发现金红利1.00元(含税)。报告期内，公司实现铜及铜合金等有色金属加工产品销售数量52.62万 吨，同比增长3.79%(其中，铜箔销量2.44万吨，增长72.33%;铜排销量2.35万吨，增长33.44%;铜加工产 品境外销量同比增长6.33%);实现营业收入444.76亿元，同比增长1.17%;其中铜加工营业收入340.70亿 元，同比增长13.59%(铜加工境外收入139.84亿元，同比增长25.35%);境外市场贡献进一步提升。实现利 润总额8.15亿元，同比增长24.53%;归属于上市公司股东的净利润7.11亿元，同比增长15.03%。 ...

Core Viewpoint - Hailiang Co., Ltd. reported a slight increase in revenue and a significant rise in net profit for the first half of 2025, indicating strong performance in the copper processing segment and growth in international markets [1] Financial Performance - The company achieved an operating revenue of 44.476 billion yuan, a year-on-year increase of 1.17% [1] - Net profit attributable to shareholders was 711 million yuan, reflecting a year-on-year growth of 15.03% [1] - The net profit excluding non-recurring gains and losses was 812 million yuan, up 30.56% year-on-year [1] - Basic earnings per share were 0.36 yuan [1] Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares to all shareholders [1] Sales Performance - The total sales volume of copper and copper alloy processing products reached 526,200 tons, a year-on-year increase of 3.79% [1] - Sales of copper foil amounted to 24,400 tons, growing by 72.33% [1] - Sales of copper bars reached 23,500 tons, an increase of 33.44% [1] - International sales of copper processing products grew by 6.33% year-on-year [1] Revenue Breakdown - The operating revenue from copper processing was 34.070 billion yuan, a year-on-year increase of 13.59% [1] - Revenue from international markets in copper processing reached 13.984 billion yuan, reflecting a growth of 25.35% [1] Profitability - The total profit amounted to 815 million yuan, a year-on-year increase of 24.53% [1]

Market Overview - In August, the A-share market showed a strong upward trend, with the ChiNext Index rising over 24% and the Shanghai Composite Index surpassing 3800 points, reaching a 10-year high [1] - The STAR 50 Index experienced a significant increase of 28% during the month [1] Sector Performance - The main market focus was on computing power and semiconductor sectors, with stocks like Xinyisheng reaching historical highs and Industrial Fulian's market capitalization exceeding 1 trillion [1] - In the semiconductor sector, Cambrian's stock price doubled, surpassing Kweichow Moutai to become the "king" of A-shares [1] Individual Stock Highlights - Over 4000 stocks recorded monthly gains, with 14 stocks (excluding newly listed and ST stocks) rising over 100%, led by Gebijia from the Beijing Stock Exchange, which surged 155% [1] Bond Market Activity - In July, the bond market issued a total of 77,536.2 billion yuan in various bonds, including 12,226.5 billion yuan in government bonds and 13,496.8 billion yuan in corporate credit bonds [2][3] Banking Sector Performance - Industrial and Commercial Bank of China reported a net profit of 168.1 billion yuan for the first half of the year, a decrease of 1.4% year-on-year, with total assets exceeding 52 trillion yuan [4] - Bank of China announced a net profit of 117.59 billion yuan for the same period, down 0.9% year-on-year [5] - Agricultural Bank of China achieved a net profit of 139.5 billion yuan, reflecting a growth of 2.7% year-on-year [6] Corporate Financial Results - Hailiang Co. reported a net profit of 711 million yuan for the first half of the year, up 15.03% year-on-year, and proposed a cash dividend of 1 yuan per 10 shares [7] - Postal Savings Bank of China recorded a net profit of 49.23 billion yuan, a year-on-year increase of 0.85%, and proposed a cash dividend of 1.23 yuan per 10 shares [8] - Pianzaihuang's net profit decreased by 16.22% year-on-year to 1.442 billion yuan, with a proposed cash dividend of 14 yuan per 10 shares [9] - Haowei Group reported a net profit of 2.028 billion yuan, up 48.34% year-on-year [10] - Yuxin Technology achieved a net profit of 220 million yuan, reflecting a growth of 35.26% year-on-year [11]

Group 1 - Hailiang Co., Ltd. achieved a revenue of 44.476 billion yuan, a year-on-year increase of 1.17%, and a net profit of 711 million yuan, a year-on-year increase of 15.03% [1] - Yinfai Storage reported a revenue of 543 million yuan, a year-on-year decrease of 18.97%, and a net profit of 62.347 million yuan, a year-on-year decrease of 20.05% [1] - Huamao Technology achieved a revenue of 1.108 billion yuan, a year-on-year increase of 14.42%, and a net profit of 137 million yuan, a year-on-year increase of 3.21% [2] Group 2 - Postal Savings Bank reported a revenue of 179.446 billion yuan, a year-on-year increase of 1.5%, and a net profit of 49.228 billion yuan, a year-on-year increase of 0.85% [4] - Bright Dairy achieved a revenue of 12.472 billion yuan, a year-on-year decrease of 1.9%, and a net profit of 217 million yuan, a year-on-year decrease of 22.53% [6] - Pianzaihuang reported a revenue of 5.379 billion yuan, a year-on-year decrease of 4.81%, and a net profit of 1.442 billion yuan, a year-on-year decrease of 16.22% [7] Group 3 - Great Wall Motors achieved a revenue of 92.335 billion yuan, a year-on-year increase of 0.99%, and a net profit of 6.337 billion yuan, a year-on-year decrease of 10.21% [9] - Haowei Group reported a revenue of 13.956 billion yuan, a year-on-year increase of 15.42%, and a net profit of 2.028 billion yuan, a year-on-year increase of 48.34% [10] - Batian Co., Ltd. achieved a revenue of 2.543 billion yuan, a year-on-year increase of 63.93%, and a net profit of 456 million yuan, a year-on-year increase of 203.71% [12] Group 4 - Yuxin Technology reported a revenue of 1.415 billion yuan, a year-on-year decrease of 5.01%, and a net profit of 220 million yuan, a year-on-year increase of 35.26% [14] - Zhongti Industry reported a revenue of 787 million yuan, a year-on-year decrease of 25.24%, and a net loss of 24.3955 million yuan [15] - Kemei Diagnostics achieved a revenue of 165 million yuan, a year-on-year decrease of 27.03%, and a net profit of 24.3408 million yuan, a year-on-year decrease of 68.24% [16] Group 5 - Huatai Co., Ltd. reported a revenue of 6.409 billion yuan, a year-on-year decrease of 1.86%, and a net profit of 67.6382 million yuan, a year-on-year decrease of 63.13% [17] - Fudan Fuhua reported a revenue of 326 million yuan, a year-on-year increase of 2.20%, and a net loss of 711.58 million yuan [19] - Haili Co., Ltd. achieved a revenue of 12.426 billion yuan, a year-on-year increase of 13.16%, and a net profit of 333.546 million yuan, a year-on-year increase of 693.76% [21] Group 6 - Xintong New Science reported a revenue of 61.852 million yuan, a year-on-year increase of 8.49%, and a net loss of 30.393 million yuan [22] - Newzhisoft achieved a revenue of 897 million yuan, a year-on-year decrease of 3.40%, and a net profit of 30.3531 million yuan, a year-on-year increase of 42.84% [24] - Maolai Optics reported a revenue of 319 million yuan, a year-on-year increase of 32.26%, and a net profit of 32.7555 million yuan, a year-on-year increase of 110.36% [25] Group 7 - Qianjin Pharmaceutical achieved a revenue of 1.818 billion yuan, a year-on-year decrease of 5.52%, and a net profit of 128 million yuan, a year-on-year increase of 8.50% [28] - Quanfeng Automotive reported a revenue of 1.218 billion yuan, a year-on-year increase of 18.90%, and a net loss of 167 million yuan [29] - Zhongjin Lingnan's application for a specific issuance of A-shares has been accepted by the Shenzhen Stock Exchange [31] Group 8 - Zhonglv Electric achieved a revenue of 2.333 billion yuan, a year-on-year increase of 29.30%, and a net profit of 618 million yuan, a year-on-year increase of 33.06% [33] - Sanhuan Group reported a revenue of 4.149 billion yuan, a year-on-year increase of 21.05%, and a net profit of 1.237 billion yuan, a year-on-year increase of 20.63% [35] - China Energy Construction achieved a revenue of 212.091 billion yuan, a year-on-year increase of 9.18%, and a net profit of 28.02 billion yuan, a year-on-year increase of 0.72% [37] Group 9 - Liou Co., Ltd. reported a revenue of 9.635 billion yuan, a year-on-year decrease of 9.62%, and a net profit of 478 million yuan, turning from a loss to profit [38] - Suzhou Bank achieved a revenue of 6.504 billion yuan, a year-on-year increase of 1.81%, and a net profit of 3.134 billion yuan, a year-on-year increase of 6.15% [40] - Shunxin Agriculture reported a revenue of 4.593 billion yuan, a year-on-year decrease of 19.24%, and a net profit of 173 million yuan, a year-on-year decrease of 59.09% [43] Group 10 - Tongfu Microelectronics achieved a revenue of 13.038 billion yuan, a year-on-year increase of 17.67%, and a net profit of 412 million yuan, a year-on-year increase of 27.72% [44] - Weidao Nano reported a revenue of 1.05 billion yuan, a year-on-year increase of 33.42%, and a net profit of 192 million yuan, a year-on-year increase of 348.95% [44] - ZTE Corporation achieved a revenue of 715.53 billion yuan, a year-on-year increase of 14.51%, and a net profit of 50.58 billion yuan, a year-on-year decrease of 11.77% [46]

| 公告编号：2025-071 | | --- | | 证券简称：海亮股份 | | 证券代码：002203 | 债券代码：128081 债券简称：海亮转债 浙江海亮股份有限公司 关于 2025 年半年度利润分配预案的公告 三、现金分红合理性说明 公司 2025 年半年度利润分配预案符合中国证券监督管理委员会《关于进一 步落实上市公司现金分红有关事项的通知》《上市公司监管指引第 3 号——上 市公司现金分红》《公司章程》等规定和要求，并符合公司 2023 年度股东大会 批准的《关于 <浙江海亮股份有限公司未来三年 ensp="ensp" 年="年" 股东分红回="股东分红回"> 报规划>的议案》，符合公司经营实际情况。综合考虑了公司经营情况、战略规 划与股东回报，不存在损害投资者利益的情况，具备合法性、合规性、合理性。 四、备查文件 特此公告 浙江海亮股份有限公司 董事会 二〇二五年八月三十日 浙江海亮股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日召开了 第九届董事会第三次会议，审议通过了《关于 2025 年半年度利润分配预案的议 案》。鉴于公司于 2025 年 5 月 20 日召开的 20 ...

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds "Hailiang Convertible Bonds" due to the stock price meeting the necessary conditions for redemption [2][6]. Group 1: Convertible Bond Overview - The total issuance of the convertible bonds was 3.15 billion yuan, with a term of six years [2]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times, currently standing at 9.20 yuan per share as of July 4, 2025 [2][5]. Group 2: Redemption Conditions - The company decided to exercise its right to redeem the bonds early after the stock price was at least 130% of the conversion price for 15 consecutive trading days [6]. - The redemption price is set at 101.710 yuan per bond, which includes accrued interest [7]. Group 3: Redemption Process - The redemption will be executed on September 29, 2025, and all unconverted bonds will be redeemed at the specified price [8]. - Bondholders must complete the conversion process through their respective securities companies before the deadline to avoid forced redemption [9].

Core Viewpoint - Zhejiang Hailiang Co., Ltd. plans to use up to 80 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding twelve months from the board's approval date [1][10][12] Group 1: Fundraising and Usage - The company has raised a total of 315 million yuan through the issuance of convertible bonds, with a net amount of 312.84114 million yuan after deducting issuance costs [1] - The raised funds are allocated for various projects, including the construction of copper and copper alloy rod production and the expansion of precision copper tube production lines [2] - The company has implemented special account management for the raised funds to ensure their proper use [2] Group 2: Previous Fund Usage - In previous instances, the company has used idle raised funds to temporarily supplement working capital, including 125.6 million yuan in 2019 and 99.3 million yuan in 2020, with all funds returned to the special account by the specified deadlines [5][6] - The company has also permanently supplemented working capital with surplus funds from completed projects, including 102.62708 million yuan in 2019 and 58.6 million yuan in 2021 [3][6] Group 3: Current Fund Usage Proposal - The current proposal allows for the use of up to 80 million yuan of idle funds for operational activities, ensuring that the original purpose of the raised funds remains unchanged [10][11] - The estimated savings on financial costs from this temporary fund usage is projected to be 2.4 million yuan based on the current bank loan interest rate [10] - The company commits to not engaging in risk investments or providing financial assistance to entities outside its subsidiaries during the fund usage period [10][11] Group 4: Approval and Verification - The board of directors has approved the proposal for using idle funds, adhering to necessary legal procedures [11][12] - The sponsor institution has verified that the fund usage aligns with regulations and does not harm shareholder interests [11][12]

浙江海亮股份有限公司 2025 年半年度财务报告 浙江海亮股份有限公司 浙江海亮股份有限公司 2025 年半年度财务报告 浙江海亮股份有限公司 2025 年半年度财务报告 ZHE JIANG HAI LIANG CO.，LTD 二〇二五年半年度财务报告 股票代码：002203 股票简称：海亮股份 披露日期：2025 年 8 月 1 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：浙江海亮股份有限公司 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 | 6,514,353,842.23 | 6,436,012,874.58 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 30,669,785.27 | 153,918,777.60 | | 衍生金融资产 | | | | 应收票据 | 465,633,896.60 | 395,794,880.89 | | 应收账 ...

| 证券代码：002203 | 证券简称：海亮股份 | | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | | 公告编号：2025-072 | 浙江海亮股份有限公司 关于使用部分闲置募集资金暂时补充流动资金的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 重要内容提示： 1、公司前期使用闲置募集资金补充流动资金的款项已及时、足额归还至募 集资金专用账户； 经公司于 2019 年 11 月 28 日召开的第七届董事会第四次会议审议通过《关 于使用募集资金置换预先投入募投项目自有资金的议案》，公司以募集资金置换 预先投入募集资金投资项目的自有资金 102,627.08 万元（含对子公司增资后置 换的资金）。 经公司于 2021 年 8 月 30 日召开的第七届董事会第十六次会议审议通过《关 于部分募集资金投资项目结项并将节余募集资金永久补充流动资金的议案》，同 意将公司公开发行可转换公司债券项目中的"有色金属材料深（精）加工项目（一 期）"和"补流还贷项目"进行结项，并将两个项目的节余募集资金永久补充流 动资 ...