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 ...

证券代码：002228 证券简称：合兴包装 公告编号：2025-090 号 厦门合兴包装印刷股份有限公司 第七届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 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 董事会第七次会议于 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。本次董事会会议通知已于 2025 年 8 月 18 日发出，并获得董事确认。公司本届董事会有董事 7 人，亲自出席 会议的董事 7 人。公司监事及高级管理人员列席了本次会议。会议符合《公司法》 和《公司章程》的有关规定。会议由公司董事长许晓光先生召集并主持。 经与会董事认真审议，以投票表决方式通过了以下决议： 一、会议以 7 票同意，0 票反对，0 票弃权，审议通过了《关于公司 2025 年 半年度报告及其摘要的议案》； 经认真审议，董事会认为：公司2025年半年度报告的编制和审核议程符合法 律、法规、《公司章程》及内部管理制度的各项规定；报告的内容和格式符合中 国证 ...

Financial Performance - The company's revenue for the first half of 2025 was ¥5,148,165,231.13, representing a decrease of 9.52% compared to ¥5,689,892,421.88 in the same period last year[20] - Net profit attributable to shareholders increased by 30.87% to ¥115,195,275.10 from ¥88,023,832.38 year-on-year[20] - Basic and diluted earnings per share rose by 42.86% to ¥0.10 from ¥0.07 in the same period last year[20] - The company's revenue for the reporting period was approximately ¥5.15 billion, a decrease of 9.52% compared to ¥5.69 billion in the same period last year[52] - The net profit attributable to the parent company was 11,519.53 million yuan, an increase of 30.87% year-on-year[36] - The company reported a significant increase in financing activities, with net cash flow from financing activities rising by 209.45% to approximately ¥341.91 million, mainly due to increased bank borrowings[52] - The company reported a total comprehensive income of ¥121,672,521.32 for the first half of 2025, compared to ¥67,583,982.78 in the first half of 2024[189] Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 67.83%, amounting to ¥118,249,292.88 compared to ¥367,585,674.94 in the previous year[20] - The company reported a total of ¥2,917,723.18 in non-recurring gains and losses during the reporting period[25] - Cash and cash equivalents increased to ¥952,542,101.79, making up 12.35% of total assets, up from 7.34% last year[57] - The total investment amount for the reporting period was ¥43,440,001.00, a decrease of 55.88% compared to ¥98,453,000.00 in the same period last year[60] - Operating cash flow for the first half of 2025 was CNY 118,249,292.88, a decrease of 67.8% compared to CNY 367,585,674.94 in the first half of 2024[196] - Investment activities generated a net cash outflow of CNY -102,256,383.77 in the first half of 2025, compared to CNY -73,563,624.26 in the first half of 2024[196] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,710,314,650.75, a slight decrease of 0.10% from ¥7,717,817,381.41 at the end of the previous year[20] - Total liabilities decreased to ¥4,330,199,376.68 from ¥4,374,619,157.74, a decrease of approximately 1%[180] - Total current assets increased to ¥4,547,685,329.58 from ¥4,495,838,134.15, representing a growth of approximately 1.3%[178] - Total liabilities increased to ¥4,862,516,049.88 in the first half of 2025, up from ¥4,737,660,444.59 in the first half of 2024[185] Strategic Initiatives - The company is advancing its "smart manufacturing" transformation, which has entered a deepening phase, focusing on reducing paper loss and lowering labor costs through upgraded production equipment[37][38] - The company signed a strategic cooperation agreement with Midea Group to focus on emerging markets like Thailand and Indonesia, aiming for localized supply and resource sharing[40] - The company has established a standardized factory model, allowing for rapid replication and reduced operational costs when entering new market areas[43] - The company has shifted its business model from product-oriented to service-oriented, improving customer satisfaction and loyalty through innovative service offerings[48] Research and Development - Research and development expenses were approximately ¥127.69 million, down 10.19% from ¥142.17 million, indicating a continued focus on innovation despite reduced spending[52] - The company plans to enhance R&D efforts and promote product innovation to create new profit growth points amid economic challenges[69] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[7] - The company completed the election of the seventh board of directors and supervisory board on February 13, 2025[122] - The company has maintained a commitment to social responsibility and sustainable development[93] - The company emphasizes employee rights protection, ensuring compliance with labor laws and optimizing employee welfare and development[91] Risk Management - The company faces risks including macroeconomic fluctuations and raw material price volatility, which may impact future performance[6] - The management emphasizes the importance of maintaining risk awareness among investors regarding forward-looking statements[6]

Group 1 - The stock price of Hexing Packaging closed at 3.36 yuan on August 27, down 0.12 yuan, a decrease of 3.45% from the previous trading day [1] - The opening price on that day was 3.47 yuan, with a highest price of 3.48 yuan and a lowest price of 3.36 yuan, with a trading volume of 201,400 hands and a transaction amount of 68.9 million yuan [1] - Hexing Packaging primarily engages in packaging printing, offering products such as corrugated boxes and color boxes, covering packaging design, production, and logistics for industries like food and beverage, home appliances, and electronics [1] Group 2 - The company indicated on its investor interaction platform that it currently sells fresh-keeping paper box products and will continue to monitor industry trends to optimize its products and services [1] - On August 27, the net outflow of main funds was 4.5651 million yuan, accounting for 0.11% of the circulating market value, while the cumulative net inflow over the past five trading days was 3.6041 million yuan, representing 0.09% of the circulating market value [1]

Group 1 - The packaging and printing sector increased by 0.56% on August 26, with Kangxin New Material leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] - Kangxin New Material's stock price rose by 7.35% to 2.92, with a trading volume of 1.78 million shares and a transaction value of 523 million yuan [1] Group 2 - The packaging and printing sector experienced a net outflow of 74.88 million yuan from institutional funds, while retail investors saw a net inflow of 83.31 million yuan [2] - The top stocks in terms of net inflow from institutional investors included Kangxin New Material with 77.11 million yuan and Hongbo Co. with 65.53 million yuan [3] - The overall market sentiment showed a mixed trend, with some stocks like Dashingda and Hongbo Co. experiencing significant net outflows from retail investors [3]