Core Viewpoint - The recent financial report of Hexing Packaging (002228) shows a decline in total revenue but an increase in net profit, indicating improved profitability despite lower sales [1] Financial Performance - Total revenue for the first half of 2025 was 5.148 billion yuan, a decrease of 9.52% year-on-year [1] - Net profit attributable to shareholders reached 115 million yuan, an increase of 30.87% year-on-year [1] - Gross margin improved to 13.43%, up 11.73% year-on-year, while net margin increased to 2.19%, up 50.54% year-on-year [1] - Operating cash flow per share decreased to 0.1 yuan, down 67.1% year-on-year [1] Business Model and Strategy - The company's performance relies heavily on research and marketing efforts, necessitating a thorough examination of these driving factors [2] - The company has established a strategic overseas cooperation with Midea, focusing on resource sharing and value co-creation [3] - Three core mechanisms are in place for this cooperation: minimum procurement guarantees, value chain competitiveness enhancement, and risk-sharing collaboration [3] Fund Holdings - The largest fund holding Hexing Packaging is the Guotai Quantitative Strategy Mixed A, with a scale of 160 million yuan and a recent net value increase of 0.57% [3]

Company Summary - Hexing Packaging (SZ 002228) announced on August 30 that its seventh board meeting was held on August 28, 2025, in Xiamen, discussing the 2025 semi-annual report and its summary [1] - For the first half of 2025, Hexing Packaging reported that its revenue composition was entirely from the packaging manufacturing industry, accounting for 100.0% [1] Industry Summary - The domestic automotive market is witnessing a significant event with nearly 120 brands and 1,600 vehicles competing in the Southwest region, marking the opening of the first A-class car exhibition in the second half of the year [1] - The emergence of new energy vehicles is expected to reshape the automotive market landscape, referred to as the "third pole" of new energy [1]

Group 1 - The core viewpoint of the article is that Hexing Packaging (002228.SZ) reported a decrease in revenue for the first half of 2025 while showing an increase in net profit [1] - The company's operating revenue for the first half of 2025 was 5.148 billion yuan, a year-on-year decrease of 9.52% [1] - The net profit attributable to shareholders of the listed company was 115 million yuan, reflecting a year-on-year increase of 30.87% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 112 million yuan, which is a year-on-year increase of 23.61% [1] - The basic earnings per share were 0.1 yuan [1]

Core Points - The company held its seventh supervisory board's fourth meeting on August 28, 2025, to review and approve the 2025 semi-annual report and asset impairment provisions [1][2] - The supervisory board unanimously agreed that the procedures for preparing and reviewing the semi-annual report complied with legal and regulatory requirements, ensuring the report accurately reflects the company's actual situation [1] - The board also approved the provision for asset impairment, stating it fairly represents asset value and enhances the reliability of the company's financial information [2] Summary by Sections Meeting Details - The meeting was conducted in a hybrid format, combining in-person and remote participation, and was convened by Mr. Zheng Kaijing [1] - All three supervisory board members attended, and the meeting adhered to the relevant provisions of the Company Law and the company's articles of association [1] Semi-Annual Report - The supervisory board approved the 2025 semi-annual report with a unanimous vote of 3 in favor, 0 against, and 0 abstentions [1] - The report is set to be published on August 30, 2025, in the Securities Times, Securities Daily, and on the Giant Tide Information Network [2] Asset Impairment Provision - The supervisory board also approved the asset impairment provision with the same voting outcome, emphasizing that it does not harm the interests of the company or its shareholders [2] - Details regarding the asset impairment provision will also be published on August 30, 2025, in the same outlets [2]

Core Viewpoint - Hexing Packaging (002228.SZ) reported a decline in revenue for the first half of 2025, while net profit showed significant growth [1] Financial Performance - The company achieved operating revenue of 5.148 billion yuan, a year-on-year decrease of 9.52% [1] - Net profit attributable to shareholders was 115 million yuan, reflecting a year-on-year increase of 30.87% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 112 million yuan, up 23.61% year-on-year [1] - Basic earnings per share were reported at 0.10 yuan [1]

厦门合兴包装印刷股份有限公司 2025 年半年度财务报告 厦门合兴包装印刷股份有限公司 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：厦门合兴包装印刷股份有限公司 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 | 952,542,101.79 | 566,741,451.03 | | 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 | 18,591,614.71 | 18,242,544.71 | | 应收账款 | 2,193,627,201.01 | 2,344,259,233.64 | | 应收款项融资 | 306,605,610.89 | 357,417,480.17 | | 预付款项 | 33,375,910.45 | 37,500,991.89 | | 应收保费 | | | ...

证券代码：002228 证券简称：合兴包装 公告编号：2025-092 号 厦门合兴包装印刷股份有限公司 关于 2025 年半年度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 厦门合兴包装印刷股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日 召开第七届董事会第七次会议和第七届监事会第四次会议，审议并通过了《关于 2025 年半年度计提资产减值准备的议案》，具体情况公告如下： 一、本次计提资产减值准备概述 根据《企业会计准则》《深圳证券交易所股票上市规则》以及公司会计政策 的相关规定，为了真实、准确地反映公司资产状况及经营成果，基于谨慎性原则， 公司对截至 2025 年 6 月 30 日合并报表范围内的各类资产进行了全面清查和减值 测试，对存在减值迹象的相关资产计提相应的减值损失测试后，公司 2025 年半 年度计提的资产减值损失（含信用减值损失）合计 2,807.05 万元，如下表所示： 单位：万元 | 类别 | 项目 | 2025 | 年半年度计提减值损失 | | --- | --- | --- | --- | | ...

厦门合兴包装印刷股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：厦门合兴包装印刷股份有限公司 | | | | | | | | | 单位：万元 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 占用方与 | 上市公司核算的会 | 年期初 2025 | 年半年 2025 | 年半年 2025 | 年半年 2025 | 年半年 2025 | 占用形 | 占用性质 | | | | 上市公司 | 计科目 | 占用资金余额 | 度占用累计发 | 度占用资金的 | 度偿还累计发 | 度期末占用资 | 成原因 | | | | | 的关联关 | | | 生金额（不含 | 利息(如有) | 生金额 | 金余额 | | | | | | 系 | | | 利息） | | | | | | | 控股股东、实际控 | | | | | | | | | | 非经营性占用 | | 制人及其附属企业 | | | | | | | | | | 非经营性占用 | | 小计 ...

根据《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》相 关规定，上述事项不属于前期会计差错，不涉及前期财务数据追溯调整。公司补 缴上述税款及滞纳金将计入 2025 年当期损益，预计将影响公司 2025 年度归属于 上市公司股东的净利润 1,456.44 万元，最终财务数据以 2025 年度经审计的财务 报表为准。敬请广大投资者注意投资风险。 特此公告。 厦门合兴包装印刷股份有限公司 证券代码：002228 证券简称：合兴包装 公告编号：2025-089 号 厦门合兴包装印刷股份有限公司 关于缴纳税款的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 厦门合兴包装印刷股份有限公司（以下简称"公司"）近期对纳税义务履行 情况开展了自查，现将有关事项公告如下： 一、基本情况 公司在日常税务合规自查过程中，对公司可转债相关财税处理进行了专项复 核，经自查确认，因可转债利息费用的税会处理差异，公司需补缴企业所得税 1,125.28万元，企业所得税滞纳金331.16万元，截至本公告披露日，公司已将上 述企业所得税及滞纳金合计1,456.44万元缴纳完毕 ...

经认真审核，监事会认为董事会编制和审核公司 2025 年半年度报告的程序符 合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公 司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 公司 2025 年半年度报告请详见刊载于 2025 年 8 月 30 日的《证券时报》《证 券日报》和巨潮资讯网(http://www.cninfo.com.cn)。 二、会议以 3 票同意，0 票反对，0 票弃权，审议通过了《关于 2025 年半年 度计提资产减值准备的议案》。 证券代码：002228 证券简称：合兴包装 公告编号：2025-093 号 厦门合兴包装印刷股份有限公司 第七届监事会第四次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 厦门合兴包装印刷股份有限公司（以下简称"公司"或"本公司"）第七届 监事会第四次会议于 2025 年 8 月 28 日在厦门市湖里区五缘湾同安商务大厦 2 号 楼 19 楼会议室以现场会议和通讯相结合的方式召开。本次监事会会议通知已于 2025 年 8 月 18 日发出，并获得监事确认。公司本届 ...