Core Viewpoint - Meiyingsen (002303) reported a revenue increase of 5.46% year-on-year for the first half of 2025, with a net profit growth of 17.29% compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 reached 1.949 billion yuan, up from 1.848 billion yuan in the same period of 2024 [1] - Net profit attributable to shareholders was 176 million yuan, compared to 150 million yuan in the previous year [1] - The gross profit margin decreased to 27.03%, down 4.55% year-on-year, while the net profit margin increased to 9.12%, up 10.19% year-on-year [1] - The total of selling, administrative, and financial expenses was 242 million yuan, accounting for 12.43% of revenue, a decrease of 2.71% year-on-year [1] Cash Flow and Receivables - Operating cash flow per share increased by 30.56% to 0.14 yuan, while accounts receivable accounted for 401.12% of net profit [1][4] - The company experienced a significant increase in short-term borrowings by 39.51% due to additional bank loans [3] Investment and Debt - Interest-bearing liabilities rose by 18.05% to 1.424 billion yuan, indicating increased leverage [1] - The company’s cash assets are considered healthy, with a cash-to-current liabilities ratio of 86.31% [4] Business Model and Market Position - The company relies heavily on marketing-driven performance, with a historical return on invested capital (ROIC) of 4.17%, indicating weak capital returns [4] - The net profit margin for the previous year was 7.11%, suggesting average value addition from products or services [4]

公司营业总收入为19.49亿元。归母净利润为1.76亿元。经营活动现金净流入为2.10亿元。 公司最新资产负债率为39.21%，较上季度资产负债率增加1.18个百分点，较去年同期资产负债率增加 2.33个百分点。 2025年8月15日，美盈森(002303.SZ)发布2025年中报。 公司摊薄每股收益为0.12元。 公司最新总资产周转率为0.27次。最新存货周转率为4.04次。 公司股东户数为5.19万户，前十大股东持股数量为7.47亿股，占总股本比例为48.78%，前十大股东持股 情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 壬海鵬 | 31.43% | | 2 | 王治军 | 8.95% | | 4 | 香港中央结算有限公司 | 1.80% | | | 颐和银丰天元(天津)集团有限公司 | 1.67% | | 5 | 鞠成立 | 1.57% | | 6 | 国泰海通证券股份有限公司 | 1.02% | | | 孙娟芬 | 0.67% | | 00 - | 钟草 | 0.67% | | 9 | 王建荣 | 0.59% | | 10 | 申万宏源证券 ...

2025年8月15日，美盈森(002303.SZ)发布2025年半年度报告。截至2025年8月14日，共有4个机构投资者 披露持有美盈森A股股份，合计持股量达7524.80万股，占美盈森总股本的4.91%。其中，机构投资者包 括香港中央结算有限公司、颐和银丰天元(天津)集团有限公司、国泰海通证券股份有限公司、申万宏源 证券有限公司，机构投资者合计持股比例达4.91%。相较于上一季度，机构持股比例合计上涨了1.23个 百分点。 外资态度来看，本期较上一期持股增加的外资基金共计1个，即香港中央结算有限公司，持股增加占比 达0.83%。 ...

美盈森2025半年报 ...

Core Insights - The company reported a revenue of 1.949 billion with a year-on-year growth of 5.46% and a net profit of 176 million, reflecting a year-on-year increase of 17.29% [1] Group 1: Business Performance - The company continues to deepen its packaging business, enhancing new productivity through the exploration of existing high-end customer potential and ensuring stable supply to key clients [1] - The company is actively expanding its client base to include world-class enterprises and leading companies in various domestic and international sectors, further strengthening its packaging business [1] - The strategic direction focuses on a domestic base as the mainstay while promoting mutual benefits between domestic and international bases, accelerating the increase of overseas production capacity [1] Group 2: Research and Development - The company has implemented measures such as establishing R&D design awards to stimulate team innovation and enhance core competitiveness through the application of new technologies and designs [2] - As of the end of the reporting period, the company and its subsidiaries hold a total of 922 national patents, including 183 invention patents, and are key contributors to 45 national/industry packaging standards [2] - The company is exploring the application of AI technology to improve R&D design efficiency, with successful registrations of its AI platforms for copyright [2]

（文章来源：每日经济新闻） 美盈森（SZ 002303，收盘价：4.31元）8月14日晚间发布半年度业绩报告称，2025年上半年营业收入约 19.49亿元，同比增加5.46%；归属于上市公司股东的净利润约1.76亿元，同比增加17.29%；基本每股收 益0.115元，同比增加17.23%。 ...

美盈森集团股份有限公司 2025 年半年度报告摘要 证券代码：002303 证券简称：美盈森 公告编号：2025-029 美盈森集团股份有限公司 2025 年半年度报告摘要 美盈森集团股份有限公司 2025 年半年度 报告摘要 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监 会指定媒体仔细阅读半年度报告全文。 公司经本次董事会审议通过的利润分配预案为：以 1531323685 为基数，向全体股东每 10 股派发现金 红利 0.66 元（含 税） ，送红股 0 股（含税） 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 ?不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 ?适用 □不适用 是否以公积金转增股本 □是 ?否 ，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 ?不适用 二、公司基本情况 股票简称 美盈森 股票代码 002303 股票上市交易所 深圳证券交易所 变更前的股票简称（如有） 无变更 联系人和联系方式 董事会秘书 证券事务 代表 姓名 刘会丰 闻敏 深圳市光明 ...

Core Viewpoint - The financial report of Meiyingsen Group Co., Ltd. for the first half of 2025 shows an increase in total assets and a slight increase in revenue compared to the same period in 2024, indicating a stable financial performance despite some fluctuations in specific asset and liability categories [1][2][3]. Financial Summary - Total assets at the end of the reporting period amounted to 7,424,385,703.73 yuan, an increase from 7,141,004,339.32 yuan at the beginning of the period, reflecting a growth of approximately 3.96% [2][3]. - Total liabilities increased to 2,911,083,525.62 yuan from 2,584,074,981.11 yuan, marking an increase of about 12.63% [3][4]. - Total equity decreased slightly to 4,513,302,178.11 yuan from 4,556,929,358.21 yuan, indicating a reduction of approximately 0.95% [3][4]. Revenue and Profitability - The total operating revenue for the first half of 2025 was 1,948,779,256.53 yuan, up from 1,847,910,891.71 yuan in the same period of 2024, representing an increase of about 5.99% [5][6]. - Total operating costs also rose to 1,745,641,800.29 yuan from 1,644,547,609.57 yuan, which is an increase of approximately 6.15% [5][6]. - The net profit for the first half of 2025 was reported at 156,976,222.64 yuan, compared to 141,627,476.81 yuan in the previous year, reflecting an increase of about 10.77% [6][7]. Cash Flow Analysis - The net cash flow from operating activities was 209,537,197.27 yuan, an increase from 160,487,880.23 yuan in the first half of 2024, indicating improved cash generation capabilities [8]. - Cash flow from investing activities showed a net outflow of 402,903,697.31 yuan, compared to a smaller outflow of 16,902,143.24 yuan in the previous year, suggesting increased investment activities [8]. - Cash flow from financing activities resulted in a net inflow of 450,698,609.62 yuan, up from 112,140,383.43 yuan in the same period last year, indicating a stronger financing position [8].

General Provisions - The system is established to regulate the departure of directors and senior management of Meiyingsen Group Co., Ltd., ensuring corporate governance stability and protecting shareholders' legal rights [2] - This system applies to all directors (including independent directors) and senior management who leave due to term expiration, voluntary resignation, dismissal, retirement, or other reasons [2] Departure Circumstances and Effectiveness Conditions - Departure includes resignation due to term expiration, voluntary resignation, dismissal, retirement, or other reasons [3] - Directors must submit a written report for resignation, effective upon the company's receipt of the notice; senior management's resignation is effective upon the board's receipt of the resignation report [3][4] - If a director who is also a legal representative resigns, it is considered simultaneous with the resignation as a legal representative [4] Responsibilities and Obligations upon Departure - Responsibilities incurred during the term do not terminate upon departure; obligations of loyalty to the company and shareholders remain valid for two years post-termination [5] - Departing directors and senior management must cooperate with the company in post-departure investigations regarding significant matters [5][6] Shareholding Management upon Departure - Departing directors and senior management are prohibited from transferring shares within six months post-departure [6] - If leaving before the term ends, they can only transfer up to 25% of their shares during the specified period, with restrictions on transfers within the first year of listing [6] Accountability Mechanism - The board is responsible for holding departing directors and senior management accountable for any violations of laws, regulations, or the company's articles of association that result in losses to the company [7] - Compensation claims may include direct losses, expected profit losses, and reasonable legal fees [7] Implementation and Amendments - The system takes effect upon approval by the board and will be amended as necessary [7] - Any matters not covered by this system will follow relevant laws and regulations [7]

| 上市公司 | | 2025 年 1-6 | | | 月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：美盈森集团股份有限公 | | | | | | | | | 司 | | | | | | | | | 单位：人民币万元 | | | | | | | | | 非经营性资金 | | | 占用方与上市公 | 上市公司 | | 用累计发生金 | 占用资金的 | | 资金占用方名称 | | | | | 占用资金余 | | 月 | | 偿还累计 期末占用资 | | | 成 | 占用性质 | | | | | 占用 | | | 司的关联关系 | 核算的会计科目 | | 额 | 利息 | | | | | | 额 | | | 发生金 | | 额 金余额 | 原因 | | | | | | | | | | | | | （不含利息） | （如有） | | | 控股股东、实际 | | | | | | | | | 控制人及其附 | | | | | | | | | 属企业 | | | | | | | | | 小计 | ...