Group 1 - The core viewpoint of the article highlights that Meiyingsen (SZ 002303) announced an investor research meeting scheduled for November 13, 2025, where the company’s board secretary Liu Huifeng and others will participate to address investor inquiries [1] - For the first half of 2025, Meiyingsen's revenue composition shows that the paper products sector accounted for 96.57%, other businesses for 3.28%, and the food industry for 0.15% [1] Group 2 - The article also mentions a trend in the banking sector where banks are reportedly selling properties at significantly reduced prices, with some properties being sold at half price, indicating a high demand for these "used" properties [1]

Group 1: Domestic Business Overview - The distribution of domestic downstream customers shows that the consumer electronics sector accounts for approximately 40%, while furniture and home appliances together account for about 25%. The automotive and new energy vehicle supply chain accounts for around 15% [3] - Other sectors include liquor, medical devices, food and beverage, health products, express packaging, and label and electronic functional material die-cut products [3] Group 2: Overseas Operations - The company has six factories in Vietnam, Thailand, Malaysia, and Mexico, with additional capacity available for expansion based on market demand [4] - Compared to local competitors, the company has strong advantages in product quality, service, R&D design, and customer resources, enabling it to meet global supply chain management needs effectively [4] Group 3: Market Challenges and Risks - The packaging industry has relatively low barriers to entry, but leading companies possess significant competitive advantages in R&D, product quality, customer resources, and service [5] - The company faces risks if overseas market expansion does not meet expectations, which could impact overall development goals [7] Group 4: Pricing and Profitability - Product pricing is determined by considering costs and customer demands for design and service [7] - The company has developed higher value-added customers and reduced low-margin orders, contributing to overall profit improvement [8] Group 5: Financial Health and Future Plans - The company aims for stable domestic growth and rapid overseas business growth in 2026 [7] - Cash dividends are emphasized as an important way to return value to shareholders, with future amounts depending on operational and financial conditions [8]

Group 1 - The company, Meiyingsen Group Co., Ltd., announced its participation in the "2025 Annual Online Collective Reception Day for Investors" organized by the Shenzhen Securities Regulatory Bureau and other entities [1] - The event is scheduled to take place on November 20, 2025 [1] - The initiative aims to enhance interaction and communication with investors [1]

美盈森集团股份有限公司 关于参加 2025 年度深圳辖区上市公司 投资者网上集体接待日活动的公告 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。 关于参加 2025 年度深圳辖区上市公司投资者网上集体接待日活动的公告 证券代码：002303 股票简称：美盈森 公告编号：2025-038 特此公告。 美盈森集团股份有限公司董事会 2025 年 11 月 12 日 1 为进一步加强与投资者的互动交流，美盈森集团股份有限公司（以下简称"公 司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上市公司协会 与深圳市全景网络有限公司联合举办的"2025 年度深圳辖区上市公司投资者网 上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 11 月 20 日（周四）14:30-17:00。 届时公司董事长兼总裁王治军先生、独立董事刘纯斌先生、财务总监袁宏贵 先生、副总裁兼董事会秘 ...

Core Insights - The company reported a total revenue of 1,051,450,150.93 yuan for the third quarter of 2025, representing a year-on-year decline of 4.04% [1] - The net profit attributable to shareholders of the listed company was 84,031,165.43 yuan, showing a year-on-year increase of 22.52% [1] Financial Performance - Revenue for Q3 2025: 1,051.45 million yuan, down 4.04% year-on-year [1] - Net profit for Q3 2025: 84.03 million yuan, up 22.52% year-on-year [1]

Core Insights - The company reported a third-quarter revenue of 1.051 billion yuan, representing a year-on-year decline of 4.04% [1] - The net profit for the third quarter was 84.0312 million yuan, showing a year-on-year increase of 22.52% [1] - For the first three quarters, the total revenue reached 3 billion yuan, which is a year-on-year growth of 1.92% [1] - The net profit for the first three quarters amounted to 260 million yuan, reflecting a year-on-year increase of 18.93% [1]

Revenue and Profit - Q3 2025 revenue was CNY 1,051,450,150.93, a decrease of 4.04% year-over-year, while year-to-date revenue increased by 1.92% to CNY 3,000,229,407.46[5] - Net profit attributable to shareholders for Q3 2025 was CNY 84,031,165.43, up 22.52% year-over-year, and year-to-date net profit increased by 18.93% to CNY 260,134,172.87[5] - Basic and diluted earnings per share for Q3 2025 were CNY 0.0549, reflecting a 22.76% increase year-over-year, with year-to-date earnings per share at CNY 0.1699, up 18.98%[5] - Total operating revenue for the current period reached ¥3,000,229,407.46, an increase of 1.0% compared to ¥2,943,632,194.50 in the previous period[21] - Net profit for the current period was ¥262,290,822.56, representing a 17.9% increase from ¥222,474,498.07 in the previous period[22] - Total comprehensive income amounted to ¥233,632,308.13, an increase from ¥214,952,681.06 in the previous period, representing a growth of approximately 8.3%[23] - Basic and diluted earnings per share increased to ¥0.1699 from ¥0.1428, reflecting a rise of about 18.5%[23] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 7,315,301,363.08, a 2.44% increase from the end of the previous year[5] - The company's total current assets amount to 3,480,897,681.53 CNY, an increase from 3,264,273,839.17 CNY at the beginning of the period[18] - The total non-current assets are valued at 3,477,049,000.00 CNY, with significant investments in real estate and fixed assets[18] - Total liabilities rose to ¥2,731,690,699.48, compared to ¥2,584,074,981.11, indicating an increase of 5.7%[20] - The equity attributable to shareholders of the parent company increased to ¥4,523,291,112.74 from ¥4,493,166,457.04, a rise of 0.7%[20] Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 39.37% to CNY 222,223,829.22[5] - The company’s cash flow from operating activities showed a positive trend, contributing to the overall financial stability despite fluctuations in revenue streams[21] - Net cash flow from operating activities was ¥222,223,829.22, down from ¥366,525,665.35, indicating a decrease of approximately 39.4%[24] - Cash inflow from investment activities totaled ¥1,497,753,231.89, compared to ¥1,170,365,148.37 in the previous period, marking an increase of about 27.9%[24] - Net cash flow from financing activities was ¥314,226,490.20, a significant recovery from a negative cash flow of -¥572,107,020.88 in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,554[13] - The largest shareholder, Wang Haipeng, holds 31.43% of shares, totaling 481,362,936 shares, with 79,656,863 shares pledged[13] - The company has not reported any significant changes in the top 10 shareholders' participation in margin financing and securities lending[14] Other Financial Metrics - The company reported a 150.35% increase in receivables financing, amounting to CNY 51,832,800.00, due to an increase in bank acceptance bills[9] - The company experienced a 237.33% increase in tax refunds received, totaling CNY 24,032,000.00, attributed to increased tax refunds during the period[11] - Other income decreased by 54.47% year-over-year, amounting to CNY 12,635,000.00, primarily due to reduced government subsidies related to operating activities[10] - The company’s construction in progress increased by 61.07% to CNY 29,618,600.00, driven by increased machinery installation projects[9] - The company’s deferred income decreased by 50.04% to CNY 27,430,900.00, mainly due to the reduction in deferred income from asset disposals[9] - Research and development expenses were ¥96,509,611.72, slightly down from ¥99,779,073.64, a decrease of 2.3%[21] - The company reported a financial income of ¥27,477,849.16, compared to ¥61,225,876.60 in the previous period, a decline of 55.1%[21] - Deferred income tax assets increased to ¥52,078,316.72 from ¥51,088,584.67, a growth of 1.9%[20] Cash and Cash Equivalents - The cash and cash equivalents at the end of the period are 1,413,214,312.28 CNY, down from 1,479,072,188.27 CNY[18] - The ending balance of cash and cash equivalents was ¥1,197,771,402.51, down from ¥1,445,309,881.36, reflecting a decrease of approximately 17.1%[24] - Cash received from the recovery of investments was ¥1,398,000,000.00, significantly higher than ¥617,420,000.00 in the previous period, indicating an increase of about 126.7%[24] - Total cash outflow from investment activities was ¥1,907,394,760.86, compared to ¥992,263,955.59 in the previous period, representing an increase of approximately 92.0%[24] - Cash received from financing activities was ¥1,712,647,729.95, up from ¥1,122,749,143.72, showing an increase of about 52.6%[24] Audit Information - The company did not undergo an audit for the third quarter financial report[25]

Core Viewpoint - The company, Meiyingsen, announced that it and its wholly-owned or controlled subsidiaries do not provide guarantees to entities outside the consolidated financial statements, and there are no overdue guarantees or guarantees involving litigation [2] Group 1 - The company confirmed the absence of guarantees provided to external entities [2] - There are no overdue guarantees reported by the company [2] - The company is not involved in any litigation related to guarantees [2]

美盈森集团股份有限公司 关于为子公司提供担保的进展公告 证券代码：002303 股票简称：美盈森 公告编号：2025-036 关于为子公司提供担保的进展公告 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、误导性陈述或重大遗漏。 一、担保情况概述 美盈森集团股份有限公司（以下简称"公司"）于 2025 年 4 月 13 日召开的 第六届董事会第十一次会议及 2025 年 5 月 8 日召开的 2024 年度股东大会分别审 议通过了《关于为子公司提供担保的议案》，同意公司为公司下属全资或控股子 公司东莞市美盈森环保科技有限公司、苏州美盈森环保科技有限公司、重庆市美 盈森环保包装工程有限公司、成都市美盈森环保科技有限公司、东莞市美芯龙物 联网科技有限公司、安徽美盈森智谷科技有限公司、长沙美盈森智谷科技有限公 司、美盈森（香港）国际控股有限公司、佛山市美盈森绿谷科技有限公司、贵州 省习水县美盈森科技有限公司、涟水美盈森智谷科技有限公司、福建美盈森环保 科技有限公司、东莞丰华智造科技有限公司、东莞市美之兰环保科技有限公司（以 下简称"东莞美之兰"）提供总额不超过人民币 286,000 万元的 ...

Core Viewpoint - Meiyingsen's stock price has shown a significant increase of 30.76% year-to-date, indicating strong market performance despite a recent decline in trading activity [1] Company Overview - Meiyingsen Group Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on May 17, 2000, with its listing date on November 3, 2009 [1] - The company specializes in the research, production, and sales of transportation packaging products, premium packaging products, label products, and electronic functional material die-cut products [1] - The main business revenue composition includes: lightweight packaging products (57.54%), third-party procurement (35.96%), other (3.28%), heavyweight packaging products (3.07%), and food industry (0.15%) [1] Financial Performance - For the first half of 2025, Meiyingsen achieved an operating income of 1.949 billion yuan, representing a year-on-year growth of 5.46% [2] - The net profit attributable to the parent company for the same period was 176 million yuan, reflecting a year-on-year increase of 17.29% [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Meiyingsen was 51,900, an increase of 0.87% from the previous period [2] - The average circulating shares per person were 18,646, which is an increase of 0.64% [2] - The company has distributed a total of 2.628 billion yuan in dividends since its A-share listing, with 1.175 billion yuan distributed in the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the second-largest circulating shareholder, holding 27.6145 million shares, an increase of 12.6974 million shares from the previous period [3] - Shenwan Hongyuan Securities Co., Ltd. entered as a new shareholder, holding 6.5591 million shares, ranking as the tenth-largest circulating shareholder [3]