本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈 述或者重大遗漏。 上海柘中集团股份有限公司（以下简称"公司"）第五届董事会第二十一次会议于 2025 年 8 月 15 日以当面传达和通讯方式通知全体董事，本次会议于 2025 年 8 月 25 日 15:00 在 公司 206 会议室以现场与通信相结合的方式举行，董事长蒋陆峰主持了会议。公司应到董 事六名，实到董事六名。本次董事会的召开程序符合《中华人民共和国公司法》《公司章 程》等有关规定。会议审议通过了以下议案： 一、 6 票赞成；0 票反对；0 票弃权；0 票回避，审议通过《关于〈2025 年半年度报 告〉及摘要的议案》； 经审核，董事会认为公司《2025 年半年度报告》及摘要的编制和审议程序符合法律法 规和中国证监会等相关规定，报告内容能够真实、准确、完整地反映公司 2025 年半年度的 财务状况和经营成果，董事会全体成员保证公司《2025 年半年度报告》及摘要不存在虚假 记载、误导性陈述或重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 二、 6 票赞成；0 票反对；0 票弃权；0 票回避，审议通过《关于 ...

Financial Performance - The company's operating revenue for the first half of 2025 was ¥366,152,788, a decrease of 14.49% compared to ¥428,192,737 in the same period last year[17]. - Net profit attributable to shareholders was ¥146,633,736, representing a significant increase of 196.81% from a loss of ¥151,460,144 in the previous year[17]. - Basic earnings per share improved to ¥0.34, compared to a loss of ¥0.35 per share in the previous year, marking a 197.14% increase[17]. - The company's total revenue for the reporting period was ¥366,152,788, a decrease of 14.49% compared to ¥428,192,737 in the previous year[30]. - The company's revenue for the industrial sector was approximately ¥357.55 million, a decrease of 14.29% compared to the same period last year, with a gross margin of 25.31%, up 1.71% year-over-year[32]. - The company reported a significant reduction in investment, with total investments of ¥0, down 100% from ¥60 million in the same period last year[39]. - The total comprehensive income for the current period is 1,834,737,000 CNY, representing an increase of 226.9 million CNY compared to the previous period[126]. - The net profit margin for the current period is approximately 11.5%, reflecting effective cost management strategies[126]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥12,944,194, a decline of 242.86% compared to a positive cash flow of ¥9,061,041 in the same period last year[17]. - The company's cash and cash equivalents increased by 246.32% to ¥186,567,654.76, mainly due to increased cash from investment recoveries[30]. - The total cash and cash equivalents at the end of the period reached 258,235,763.01, a significant increase from 42,396,856.03 in the previous period[120]. - The net cash flow from investment activities for the current period was 205,958,294.88, a recovery from -37,096,526.61 in the previous period, suggesting improved investment performance[123]. - The net cash flow from financing activities was -30,957,469.74, an improvement from -83,637,488.79, reflecting better management of financing costs[120]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,038,022,613.15, an increase of 1.82% from ¥3,965,678,931.23 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 9.93% to ¥2,604,412,992.05 from ¥2,891,564,142.69 at the end of the previous year[17]. - Total liabilities rose from ¥1,074,114,788.54 to ¥1,433,609,621.10, marking an increase of approximately 33.4%[106]. - Owner's equity decreased from ¥2,891,564,142.69 to ¥2,604,412,992.05, a decline of about 9.9%[106]. - Long-term equity investments decreased to ¥417.36 million, accounting for 10.34% of total assets, down 2.60% from the previous year[35]. Investment and Growth Strategy - The company has invested in various sectors, including integrated circuits, biopharmaceuticals, energy conservation, and high-end equipment through direct equity investments and private equity funds[24]. - The company is focusing on major infrastructure projects and smart factories in the integrated circuit sector to enhance its market influence[27]. - The company plans to expand its market presence, focusing on new product development and technological advancements[126]. - The company plans to continue investing in new product development and technology to drive future growth[132]. Risk Factors - The company faces risks related to fluctuations in revenue due to macroeconomic changes, raw material price volatility, and intensified industry competition[4]. - The company has a high balance of external investments, which may lead to long payback periods and liquidity risks despite having achieved some investment returns in recent years[4]. Shareholder Information - The company’s shareholder count at the end of the reporting period was 19,400, with a significant shareholder, Shanghai Kangfeng Investment Management Co., holding 42.59% (188,046,710 shares)[93]. - The company plans to repurchase shares amounting to 30,000-33,000 million RMB, with 22,100,110 shares already repurchased[89]. - The total number of shares before the change was 441,575,416, with a post-change total of 441,575,416, indicating no net change in total shares[87]. Corporate Governance and Compliance - The company has established a market value management system to enhance transparency and protect stakeholder interests[50]. - There were no significant legal disputes or arbitration matters reported during the period, reflecting a stable operational environment[65]. - The half-year financial report has not been audited, which may impact the reliability of the financial data presented[63]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[140]. Operational Efficiency - The company's sales expenses decreased by 45.95% to ¥6,917,341.51, primarily due to reduced transportation and conference hospitality costs[30]. - The company’s management expenses decreased by 8.43% to ¥32,110,531.56, reflecting improved operational efficiency[30]. - Research and development expenses increased to 5,677,970.70 from 4,965,230.26, showing a commitment to innovation[113].

Group 1 - The core viewpoint of the news is that Zhezhong Co., Ltd. (柘中股份) has shown a mixed performance in its recent financial results, with a notable increase in net profit despite a slight decline in stock price [1] - As of August 19, 2025, Zhezhong Co., Ltd. reported a stock price of 16.06 yuan, down 1.17%, with a trading volume of 60,100 lots and a transaction amount of 96.76 million yuan [1] - The company experienced a net outflow of main funds amounting to 17.59 million yuan, accounting for 18.18% of the transaction amount, with significant outflows from large orders [1] Group 2 - For the first quarter of 2025, Zhezhong Co., Ltd. reported total operating revenue of 168 million yuan, a year-on-year increase of 2.53%, and a net profit attributable to shareholders of 147 million yuan, a year-on-year increase of 202.15% [1] - The company's non-recurring net profit reached 17.19 million yuan, reflecting a substantial year-on-year growth of 687.70% [1] - Financial ratios indicate a current ratio of 1.447, a quick ratio of 1.255, and a debt-to-asset ratio of 31.18% [1] Group 3 - Zhezhong Co., Ltd. was established in 2002 and is primarily engaged in the manufacturing of specialized equipment, with a registered capital of approximately 4.42 billion yuan [2] - The company has made investments in 15 enterprises and has participated in two bidding projects, holding 36 patents and 2 trademarks [2]

金融界消息 截至2025年8月11日收盘，柘中股份（002346）报收于16.55元，下跌1.49%，换手率 3.49%，成交量13.74万手，成交金额2.31亿元。 来源：金融界 资金流向方面，今日主力资金净流出3262.32万元，占比成交额14.1%。其中，超大单净流出2127.53万 元、占成交额9.2%，大单净流出1134.80万元、占成交额4.91%，中单净流出流入1441.54万元、占成交 额6.23%，小单净流入1820.79万元、占成交额7.87%。 通过天眼查大数据分析，上海柘中集团股份有限公司共对外投资了15家企业，参与招投标项目2次，知 识产权方面有商标信息2条，专利信息36条，此外企业还拥有行政许可121个。 柘中股份最新一期业绩显示，截至2025一季报，公司营业总收入1.68亿元、同比增长2.53%，归属净利 润1.47亿元，同比增长202.15%，扣非净利润1718.56万元，同比增长687.70%，流动比率1.447、速动比 率1.255、资产负债率31.18%。 天眼查商业履历信息显示，上海柘中集团股份有限公司，成立于2002年，位于上海市，是一家以从事专 用设备制造业为主的企 ...

Core Viewpoint - The overall pace of stock buybacks by listed companies has slowed down despite the strong performance of the Shanghai Composite Index [1][3][4]. Buyback Activity - In July, the number of companies announcing buyback plans halved compared to June, with only 15 companies making announcements, down from 30 [4][3]. - The total proposed buyback amount for these 15 companies is approximately 2.045 billion yuan, which is only 34.5% of the 5.927 billion yuan proposed in June [4]. - Among the 15 companies, 8 have proposed buybacks exceeding 100 million yuan, accounting for 53.33% of the total [4]. Notable Companies - Nengte Technology has the highest proposed buyback amount, ranging from 300 million to 500 million yuan, with a buyback price cap of 4.7 yuan per share [5]. - The company has already repurchased 11.3 million shares for a total of approximately 45.59 million yuan as of the end of July [5]. - Nengte Technology expects a significant profit increase of 480.15% to 568.05% year-on-year for the first half of 2025, driven by strong performance in its vitamin E and pharmaceutical intermediate business [6]. Central Enterprises - In July, 12 central enterprises implemented buybacks, with a total buyback amount of approximately 384 million yuan [12]. - Among 33 central enterprises currently executing buybacks, the cumulative buyback amount is about 5.124 billion yuan, achieving 70.1% of the proposed minimum buyback amount of 7.31 billion yuan [12]. - The company Liao Port has the shortest time until its buyback deadline, expected to expire on September 23, with a proposed buyback amount of 420 million to 840 million yuan [12]. Market Impact - The overall buyback activity in July saw 143 transactions totaling approximately 20.94 billion yuan, a 24% increase from June [8]. - However, many companies are facing pressure as their stock prices have exceeded the buyback price caps, which may hinder future buyback efforts [10][9].

Market Performance - The power equipment sector increased by 0.75% compared to the previous trading day, with Huadong Cable leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Top Gainers in Power Equipment Sector - Notable gainers included: - Buntong Line Micro (605196) with a closing price of 20.31, up 10.02% and a trading volume of 235,100 shares, totaling 466 million yuan [1] - Zhezhong Co. (002346) at 16.37, up 10.01% with a trading volume of 108,500 shares, totaling 171 million yuan [1] - Qiuguan Cable (920682) at 11.11, up 7.97% with a trading volume of 214,400 shares, totaling 232 million yuan [1] Market Capital Flow - The power equipment sector experienced a net outflow of 240 million yuan from institutional investors and 450 million yuan from speculative funds, while retail investors saw a net inflow of 690 million yuan [2] - The detailed capital flow for key stocks showed varying trends, with some stocks experiencing significant net inflows from retail investors [3] Individual Stock Capital Flow - Key stocks with notable capital flow included: - Keda Intelligent (300222) with a net inflow of 96.93 million yuan from institutional investors, but a net outflow of 40.96 million yuan from retail investors [3] - Jinpan Technology (688676) had a net inflow of 79.26 million yuan from institutional investors, while retail investors saw a net outflow of 37.54 million yuan [3] - Wanma Co. (002276) recorded a net inflow of 52.10 million yuan from institutional investors, but a net outflow of 48.81 million yuan from retail investors [3]

Meeting Overview - The first temporary shareholders' meeting of Shanghai Zhezhong Group Co., Ltd. was held on August 4, 2025, with both on-site and online voting options available [1][2] - The meeting was convened by the company's board of directors and presided over by Chairman Jiang Lufeng [2] Attendance - A total of 116 shareholders and their representatives attended the meeting, representing 253,352,451 shares, which accounts for 57.3747% of the total shares of the listed company [3] - Among them, 2 shareholders attended the meeting in person, representing 247,535,151 shares (56.0573% of total shares), while 114 participated via online voting, representing 5,817,300 shares (1.3174% of total shares) [4][5] Proposal Voting Results - The proposal for the "First Employee Stock Ownership Plan (Draft)" was approved with 253,154,551 votes in favor (99.9219%), 188,200 votes against (0.0743%), and 9,700 abstentions (0.0038%) [7] - The "Management Measures for the First Employee Stock Ownership Plan" was also approved with 253,154,351 votes in favor (99.9218%), 188,400 votes against (0.0744%), and 9,700 abstentions (0.0038%) [9] - The proposal to authorize the board of directors to handle matters related to the first employee stock ownership plan was approved with 253,091,951 votes in favor (99.8972%), 188,200 votes against (0.0743%), and 72,300 abstentions (0.0285%) [11][12] Legal Opinion - The lawyers from Guohao Law Firm confirmed that the convening and conducting of the shareholders' meeting complied with relevant laws and regulations, and the voting results were deemed legal and valid [14][15]

（编辑 楚丽君） 证券日报网讯 8月4日晚间，柘中股份发布公告称，公司2025年第一次临时股东大会于2025年8月4日召 开，审议通过了《关于提请股东大会授权董事会办理公司第一期员工持股计划有关事项的议案》等议 案。 ...

上海柘中集团股份有限公司 2025年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 证券简称：柘中股份 证券代码：002346 公告编号：2025-36 1. 本次股东大会无否决提案或修改提案的情形； 2. 本次股东大会不涉及变更以往股东大会已通过的决议的情况。 一、会议召开和出席情况 （一）会议召开情况 1. 会议召开时间： 1）现场会议召开时间：2025 年 8 月 4 日（星期一）14:00。 2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间 为 2025 年 8 月 4 日的交易时间，即 9:15~9:25，9:30~11:30 和 13:00~15:00；通过 深圳证券交易所互联网投票系统进行网络投票的开始时间为 2025 年 8 月 4 日上 午 9:15，结束时间为 2025 年 8 月 4 日下午 3:00。 2. 股权登记日：2025 年 7 月 30 日（星期三） 3. 会议召开地点：上海市奉贤区苍工路368号 4. 会议方式：本次股东大会采取现场投票与网络投票相结合的方式 5. 会 ...

国浩律师（上海）事务所 关于 地址：上海市静安区山西北路 99 号苏河湾中心 MT25-28 楼 邮编：200085 电话：（+86）（21）5234 1668 传真：（+86）（21）5234 1670 电子信箱：grandallsh@grandall.com.cn 网址：http://www.grandall.com.cn 二〇二五年八月 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于上海柘中集团股份有限公司 2025 年第一次临时股东大会之 上海柘中集团股份有限公司 2025 年第一次临时股东大会 之 法律意见书 法律意见书 致：上海柘中集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受上海柘中集团股份有限 公司（以下简称"公司"）委托，指派王伟建律师、季彦杉律师（以下简称"本 所律师"）出席公司 2025 年第一次临时股东大会（以下简称"本次股东大会"）。 本所律师根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华 人民共和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》（以 下简称"《股东会规则》"）等法律、法规、部门规章和规范性文件以及《上海 ...