鸿博股份有限公司 2025 年半年度报告全文 鸿博股份有限公司 2025 年半年度报告 2025 年 8 月 1 鸿博股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人倪辉、主管会计工作负责人浦威及会计机构负责人(会计主管人员)浦威声明： 保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及未来计划等前瞻性描述，不构成公司对投资者的实质性承诺，能否实现取 决于市场状况、经营管理团队等多种因素，存在不确定性，请投资者注意投资风险。 本公司敬请投资者认真阅读本报告，公司在本报告"第三节管理层讨论与分析"之"十、 公司面临的风险和应对措施"的部分，描述了公司未来经营可能面临的主要风险及应对措 施，敬请广大投资者注意风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介 ...

Market Performance - The packaging and printing sector rose by 0.23% on August 28, with Zijiang Enterprise leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Top Gainers - Zijiang Enterprise (600210) closed at 7.07, up 9.95% with a trading volume of 1.9483 million shares and a turnover of 1.368 billion [1] - Hongbo Shares (002229) closed at 23.85, up 8.26% with a trading volume of 1.3916 million shares and a turnover of 3.208 billion [1] - Yutong Technology (002831) closed at 26.48, up 2.24% with a trading volume of 79,100 shares and a turnover of 208 million [1] Top Losers - Yongji Shares (603058) closed at 9.79, down 10.02% with a trading volume of 28,400 shares and a turnover of 27.8232 million [2] - Haishun New Materials (300501) closed at 15.25, down 4.57% with a trading volume of 115,700 shares and a turnover of 176 million [2] - Xini Shuhang (301198) closed at 11.33, down 4.39% with a trading volume of 93,200 shares and a turnover of 106 million [2] Capital Flow - The packaging and printing sector experienced a net outflow of 176 million from institutional investors, while retail investors saw a net inflow of 228 million [2] - The capital flow data indicates that institutional investors withdrew funds, while retail investors increased their investments in the sector [2] Individual Stock Capital Flow - Zijiang Enterprise had a net inflow of 29.8 million from institutional investors, while retail investors had a net outflow of 13.4 million [3] - Hongbo Shares saw a net inflow of 28.8412 million from institutional investors, with retail investors experiencing a net outflow of 9.4789 million [3] - Nawang Technology (301355) had a net inflow of 9.8029 million from institutional investors, while retail investors had a net outflow of 5.5613 million [3]

Market Overview - The market experienced a significant drop, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing down by 1.76%, 1.43%, and 0.69% respectively, with over 4,700 stocks declining and only around 600 stocks rising [4] - Despite the indices showing a modest decline, the actual market impact was severe, indicating a split market where many stocks were falling while a few were driving index gains [5][6] Sector Performance - The computing power concept stocks saw a strong morning surge, with companies like Runjian Co., Meige Intelligent, and Dawang Technology hitting the daily limit, but faced significant sell-offs later [3] - The rare earth sector continued to perform well, with companies like Beikong Technology and Northern Rare Earth reaching their daily limit [3] - The CPO sector also experienced a notable rise, with Cambridge Technology achieving three consecutive limit-ups [3] Notable Stocks - Cambrian's stock price rose over 10% to exceed 1,460 yuan, surpassing Kweichow Moutai, which fell to 1,448 yuan, leading to discussions about Cambrian becoming the "new stock king" [11] - Alibaba-related computing power stocks initially surged but ultimately closed down by 1.81%, despite positive speculation about Alibaba's upcoming earnings report [14] - Zhouming Technology announced a partnership with Saudi Arabia's Al-Nassr Club, which initially boosted its stock price but ultimately closed down by 2% [16] Policy Impact - The Ministry of Commerce announced plans to introduce policies to promote service exports, which led to a temporary surge in Cross-Border Communication's stock price, although the connection to cross-border e-commerce remains tenuous [18]

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]

Market Overview - The packaging and printing sector increased by 0.13% on August 25, with Jinjia Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Key Performers - Jinjia Co., Ltd. (002191) closed at 4.59, up 10.07% with a trading volume of 948,800 shares and a transaction value of 425 million [1] - Xiangxinglong (833075) closed at 34.28, up 4.58% with a trading volume of 32,800 shares [1] - Wangzi New Materials (002735) closed at 16.32, up 3.95% with a trading volume of 463,500 shares [1] - Hongyu Packaging (837174) closed at 20.75, up 3.59% with a trading volume of 49,200 shares [1] Fund Flow Analysis - The packaging and printing sector experienced a net outflow of 64.67 million from institutional investors, while retail investors saw a net outflow of 33.80 million [2] - Speculative funds had a net inflow of 98.47 million [2] Individual Stock Fund Flow - Jinjia Co., Ltd. had a net inflow of 12.7 million from institutional investors, but a net outflow of 55.17 million from speculative funds and 71.94 million from retail investors [3] - Wangzi New Materials saw a net inflow of 43.03 million from institutional investors, with a net outflow of 59.53 million from retail investors [3] - Dongfeng Group (601515) had a net inflow of 18.64 million from institutional investors, while retail investors experienced a net outflow of 41.47 million [3]

Market Performance - The packaging and printing sector rose by 0.79% on August 22, with Dongfeng Group leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Individual Stock Performance - Dongfeng Group (601515) closed at 4.88, up 7.96% with a trading volume of 954,300 shares and a turnover of 451 million yuan [1] - Xianggang Technology (603499) closed at 20.28, up 6.74% with a trading volume of 204,600 shares and a turnover of 398 million yuan [1] - Hongbo Co., Ltd. (002229) closed at 20.22, up 3.64% with a trading volume of 1,006,800 shares and a turnover of 2.024 billion yuan [1] Capital Flow Analysis - The packaging and printing sector experienced a net outflow of 50.81 million yuan from institutional investors, while retail investors saw a net inflow of 192 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Detailed Capital Flow for Selected Stocks - Hongbo Co., Ltd. (002229) had a net inflow of 117 million yuan from institutional investors, but a net outflow of 59.17 million yuan from speculative funds [3] - Dongfeng Group (601515) saw a net inflow of 26.18 million yuan from institutional investors, with a net outflow of 23.44 million yuan from speculative funds [3] - Shunhao Co., Ltd. (002565) had a net inflow of 52.37 million yuan from institutional investors, but a net outflow of 53.01 million yuan from speculative funds [3]

Core Viewpoint - The emerging business model of computing power leasing allows companies to acquire necessary computing power without the burden of building expensive facilities, providing a cost-effective solution for small and medium-sized enterprises in the context of the booming AI industry [1] Industry Overview - National policies are continuously supporting the computing power leasing industry, with initiatives like the "East Data West Computing" project and encouragement for internet platforms to assist SMEs in expanding overseas [2] - The computing power leasing sector is experiencing rapid growth, attracting major players such as Alibaba Group and Yunsai Zhiliang, with various strategies including self-built data centers, hardware agency, and customized services for specific industries [2] Market Activity - In August, Jinkai New Energy announced a contract worth 69.12 million yuan for computing power leasing services, marking a significant order in the sector [3] - Hainan Huatie signed a strategic cooperation agreement with Haima Cloud for a total rental amount of 1 billion yuan for GPU computing resources [3] Investment Trends - Xiechuang Data has made substantial investments in computing power leasing, planning to purchase servers worth 3 billion yuan in March and 4 billion yuan in May, totaling over 8 billion yuan in a few months [4] - In August, Xiechuang Data announced another procurement plan not exceeding 1.2 billion yuan for servers to enhance its computing power leasing services [5] Market Growth Projections - The computing power leasing market is expected to exceed 100 billion yuan by 2025, with potential revenue reaching 260 billion yuan by 2026, growing at an annual rate of over 20% [6] Company Performance - Several companies in the computing power leasing sector reported positive half-year results, with all four listed companies disclosing net profit growth [7] - Shuguang Information achieved a net profit of 731 million yuan in the first half of 2025, a year-on-year increase of 29.89% [7] - Hongbo Co. is expected to turn a profit due to the successful completion of its computing power project [7] Future Outlook - The computing power leasing industry is anticipated to maintain a high growth trajectory, supported by ongoing policy incentives and advancements in chip technology and cloud computing [7]

Core Viewpoint - As of August 14, 2025, Hongbo Co., Ltd. experienced a stock price fluctuation, closing at 19.47 yuan, reflecting a decrease of 0.76% from the previous trading day [1] Company Overview - Hongbo Co., Ltd. is engaged in security printing, new lottery channel services, and electronic lottery research and development [1] - The company's product offerings include lottery thermal tickets, ordinary tax invoices, computer tickets, and various commercial invoices, along with a focus on internet lottery services [1] Stock Performance - On August 14, the stock opened at 19.62 yuan, peaked at 20.36 yuan with a gain exceeding 2% at 9:35 AM, and then fell to a low of 19.43 yuan before closing at 19.47 yuan [1] - The total trading volume for the day reached 1.974 billion yuan, with a turnover rate of 20.13% [1] Capital Flow - On August 14, the net inflow of main funds was 10.2483 million yuan, with a cumulative net inflow of 108 million yuan over the past five trading days [1] - The current total market capitalization of the company is 9.661 billion yuan, with a price-to-earnings ratio of 28.56 times [1]

格隆汇8月7日｜A股市场CRO板块集体回调，截至半日收盘，海特生物跌超6%，美迪西、诺思格、鸿 博医药、联化科技、成都先导、药明康德、昭衍新药、皓元医药跌超3%。 ...

截至2025年7月29日收盘，鸿博股份报19.57元，较前一交易日上涨0.01元，涨幅0.05%。当日该股开盘 报19.36元，最高触及19.92元，最低下探19.15元，成交量为623594手，成交金额达12.16亿元。 鸿博股份主营业务涵盖票据票证印刷、高端包装印刷、数字化印刷等领域。公司产品包括彩票、税务发 票、银行票据等多种商业票据，以及包装装潢印刷品等。作为印刷行业的代表性企业，公司在防伪技 术、数字印刷等方面具有较强实力。 从资金流向来看，7月29日鸿博股份主力资金净流出6249.14万元。当日盘中11时22分左右，该股曾出现 快速反弹，5分钟内涨幅超过2%，股价最高触及19.78元。 风险提示：以上信息仅供参考，不构成投资建议。股市有风险，投资需谨慎。 ...