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]

Investment Rating - The report maintains an "Overweight" rating for the industry [4] Core Views - The report emphasizes the importance of valuation switching logic in the new consumption sector, highlighting stable operational performance in the sports brand sector for Q3 [6][4] - It suggests a focus on high-growth tracks in new consumption and the valuation switching logic within the sector, particularly in the collectible toy segment [6][4] - The report identifies several companies with strong growth potential and suggests monitoring their performance closely [6][4] Summary by Sections Industry Overview - The industry consists of 175 listed companies with a total market value of 10,672.79 billion and a circulating market value of 8,623.31 billion [2] Market Performance - The Shanghai Composite Index decreased by 1.47%, while the Shenzhen Component Index fell by 4.99% during the week of October 13-17, 2025 [6][11] - The light industry manufacturing index dropped by 2.22%, ranking 13th among 28 Shenwan industries, while the textile and apparel index decreased by 0.31%, ranking 5th [6][11] Key Company Insights - Companies such as Bubble Mart are expected to release Q3 operational data, with new product launches anticipated to drive performance in Q4 [6] - 361 Degrees reported a stable performance with a 10% increase in offline and children's clothing sales, and a 20% increase in e-commerce sales [6] - Anta Sports, Li Ning, and other functional apparel brands are highlighted for their growth potential [6] Investment Opportunities - The report suggests focusing on the acceleration of the Chinese consumption supply chain going overseas, particularly in non-woven fabric manufacturing [6][7] - Companies like Yanjiang Co. are recommended for their advanced production techniques and global supply chain capabilities [7] - The pet supplies sector is also highlighted, with companies like Yuanfei Pet expected to benefit from growth in both OEM and OBM businesses [6][7] Sector Recommendations - The report recommends monitoring companies in the home furnishing sector, such as Xilinmen and Gujia Home, for potential recovery in performance and valuation [6] - In the paper industry, Sun Paper is recommended due to its integrated advantages and expected improvement in profitability [6][7] - The textile manufacturing sector suggests a focus on companies like Jingyuan International for their market share growth potential [6][7]

Core Viewpoint - Meiyingsen's stock price has shown a year-to-date increase of 28.73%, but it has recently experienced a slight decline in the short term, indicating potential volatility in the market [2]. Group 1: Stock Performance - As of October 16, Meiyingsen's stock price was 4.44 CNY per share, with a market capitalization of 6.799 billion CNY [1]. - The stock has decreased by 2.20% during the trading session on October 16, with a trading volume of 78.4615 million CNY and a turnover rate of 1.80% [1]. - Year-to-date, the stock has increased by 28.73%, with a recent decline of 0.89% over the last five trading days, a 2.30% increase over the last 20 days, and a 19.35% increase over the last 60 days [2]. Group 2: 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 [2]. - 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 [2]. - The 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%) [2]. Group 3: Financial Performance - For the first half of 2025, Meiyingsen achieved a revenue of 1.949 billion CNY, representing a year-on-year growth of 5.46%, and a net profit attributable to shareholders of 176 million CNY, reflecting a year-on-year increase of 17.29% [2]. - The company has distributed a total of 2.628 billion CNY in dividends since its A-share listing, with 1.175 billion CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of June 30, 2025, Meiyingsen had 51,900 shareholders, an increase of 0.87% from the previous period, with an average of 18,646 circulating shares per shareholder, up by 0.64% [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 27.6145 million shares, an increase of 12.6974 million shares from the previous period [3].