第七届董事会第十一次会议决议公告 证券代码：002476 证券简称：宝莫股份 公告编号：2025-043 山东宝莫生物化工股份有限公司 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。 一、董事会会议召开情况 山东宝莫生物化工股份有限公司（以下简称"公司"）第七届董事会第十一 次会议于 2025 年 10 月 14 日以现场结合通讯表决的方式召开，现场会议地点： 公司会议室。本次会议通知于 2025 年 10 月 9 日以电子邮件等方式发出，会议应 出席董事 9 名，实际出席董事 9 名。公司监事、高级管理人员列席了会议，会议 由董事长陶旭城先生主持。本次会议的召集、召开符合有关法律、行政法规、部 门规章、规范性文件和《山东宝莫生物化工股份有限公司章程》（以下简称"《公 司章程》"）的有关规定。 二、董事会会议审议情况 经与会董事充分审议并表决，本次会议通过了如下议案： （一）审议通过《关于修订<公司章程>并调整公司内部监督机构的议案》 表决结果：赞成 9 票、反对 0 票、弃权 0 票。 为进一步促进公司规范运作、完善公司治理结构，根据《中华人民共和国公 司法 ...

每经头条（nbdtoutiao）——中科院博导带队，中国固态电池技术又有重大突破！ （记者 王瀚黎） 截至发稿，宝莫股份市值为38亿元。 每经AI快讯，宝莫股份（SZ 002476，收盘价：6.2元）10月14日晚间发布公告称，公司第七届第十一次 董事会会议于2025年10月14日以现场结合通讯表决的方式召开。会议审议了《关于修订 <董事会秘书工 作细则> 的议案》等文件。 2025年1至6月份，宝莫股份的营业收入构成为：化学原料及化学制品制造业占比92.9%，环保水处理业 占比6.8%，其他业务占比0.3%。 ...

Core Viewpoint - Baomo Co., Ltd. has experienced a stock price increase of 5.08% on October 14, reaching 6.41 CNY per share, with a total market capitalization of 3.923 billion CNY, indicating a cumulative increase of 5.72% over the past three days [1] Group 1: Company Overview - Baomo Co., Ltd. is located in Dongying City, Shandong Province, and was established on May 3, 1996, with its listing date on September 15, 2010 [1] - The company's main business includes the research, production, sales, and technical services of polyacrylamide, surfactants, and related chemicals, as well as photovoltaic power generation [1] - The revenue composition of the main business is as follows: oilfield chemicals 88.91%, environmental water treatment 6.80%, non-oilfield chemicals 3.99%, and others 0.30% [1] Group 2: Shareholder Information - Longcheng Fund's Longcheng Industry Rotation Mixed A (002296) is among the top ten circulating shareholders of Baomo Co., Ltd., holding 1.9656 million shares, unchanged from the previous period, representing 0.32% of circulating shares [2] - The fund has generated a floating profit of approximately 609,300 CNY today and 648,600 CNY during the three-day increase [2] - Longcheng Industry Rotation Mixed A was established on January 12, 2016, with a current scale of 774 million CNY and a year-to-date return of 31.94%, ranking 2809 out of 8162 in its category [2]

Core Viewpoint - Baomo Co., Ltd. has shown fluctuations in stock performance and financing activities, with significant growth in revenue and net profit reported for the first half of 2025. Financing Activities - On September 30, Baomo's stock price decreased by 1.20%, with a trading volume of 174 million yuan. The financing buy-in amount was 18.63 million yuan, while the financing repayment was 22.72 million yuan, resulting in a net financing outflow of 4.09 million yuan. The total financing and securities balance reached 269 million yuan [1] - The current financing balance of 269 million yuan accounts for 7.60% of the circulating market value, indicating a high level compared to the 90th percentile over the past year [1] - In terms of securities lending, 200 shares were repaid on September 30, with no shares sold, resulting in a lending balance of 1,154 yuan, which is below the 50th percentile over the past year [1] Company Performance - As of September 19, the number of shareholders for Baomo was 40,700, a decrease of 2.18% from the previous period. The average circulating shares per person increased by 2.22% to 15,039 shares [2] - For the first half of 2025, Baomo reported a revenue of 268 million yuan, representing a year-on-year growth of 26.16%. The net profit attributable to the parent company was 15.85 million yuan, showing a significant increase of 129.30% year-on-year [2] Dividend and Shareholding - Since its A-share listing, Baomo has distributed a total of 131 million yuan in dividends, with 12.24 million yuan distributed over the past three years [3] - As of June 30, 2025, among the top ten circulating shareholders, Changcheng Industry Rotation Mixed A held 1.97 million shares, remaining unchanged from the previous period, while Changcheng Anxin Return Mixed A exited the top ten list [3]

Core Viewpoint - The domestic home appliance market shows resilience in growth during the first half of 2025, supported by the "trade-in" policy, with the TV industry retail volume and value both increasing slightly compared to the previous year [1] Group 1: Market Performance - In the first half of 2025, the retail volume of the domestic TV industry reached 15.27 million units, a year-on-year increase of 0.9%, while the retail value was 62.5 billion yuan, showing a positive trend [1] - A total of 10 listed companies in the black home appliance sector reported a combined revenue of 102.15 billion yuan, representing a 6.3% increase compared to the same period in 2024 [1] Group 2: Company Performance - Sichuan Changhong led the revenue rankings with 56.71 billion yuan, approximately 2.08 times that of the second-ranked Hisense Visual, while the top company in other black home appliance categories, Skyworth Electronics, reported only 4.095 billion yuan [1] - The operating costs of black home appliance companies generally increased, with about two-thirds of the companies experiencing a cost growth rate higher than their revenue growth [1] Group 3: Cost and Efficiency - The operating cost as a percentage of revenue for black home appliance companies remained between 80% and 90%, with 70% of companies experiencing a decline in gross margin year-on-year [1] - *ST Gauss had an operating cost ratio as high as 96.5%, with a slight decrease in sales gross margin to 3.5% [1] - Companies like Chenyi Intelligent and Hisense Visual saw comprehensive growth in sales, management, and R&D expenses, while others like *ST Gauss and Jiulian Technology reduced both sales and R&D expenses [1] Group 4: Profitability - Hisense Visual achieved the highest net profit attributable to shareholders at approximately 1.056 billion yuan, nearly 400 million yuan higher than the second-ranked Zhao Chi Shares [1] - *ST Gauss and Jiulian Technology reported losses, marking three consecutive years of mid-year net losses [1] - Tongzhou Electronics led in sales net profit margin at 37.4%, nearly doubling compared to the same period in 2024, while *ST Gauss ranked last with a margin of -31.4% [1] Group 5: Cash Flow and Inventory - Zhao Chi Shares reported positive operating cash flow, while *ST Gauss, Tongzhou Electronics, Skyworth Digital, and others experienced net cash outflows from operating activities [1] - Approximately 60% of companies saw a year-on-year decrease in operating cash flow net amount [1] - *ST Gauss had accounts receivable turnover days exceeding 300, while Hisense Visual and Extreme Technology maintained turnover days below 30, indicating faster cash recovery [1] - Extreme Technology reported inventory turnover days of 172, significantly higher than the average of 75 days for comparable companies, attributed to preemptive stocking for promotional events [1]

Core Insights - The domestic home appliance market showed resilience in the first half of 2025, with the "trade-in" policy contributing to growth in both volume and revenue [1] - The retail volume of the domestic television industry reached 15.27 million units, a year-on-year increase of 0.9%, while retail revenue was 62.5 billion yuan, up 10.8% year-on-year [1] - The export of liquid crystal televisions declined by 2.5% year-on-year, totaling 48.53 million units due to geopolitical tensions and tariff barriers [1] Company Performance - A total of 10 black home appliance companies reported a combined revenue of 102.15 billion yuan in the first half of 2025, a 6.3% increase from the same period in 2024 [1] - The net profit attributable to shareholders for these companies was 2.506 billion yuan, compared to 2.178 billion yuan in 2024 [1] - Among the four major television companies, total revenue was 92.517 billion yuan, with a net profit of 2.187 billion yuan, representing increases of 7.0% and 9.8% respectively [1] Individual Company Highlights - Sichuan Changhong led with a revenue of 56.705 billion yuan, 10.3% higher year-on-year, and a net profit of 0.501 billion yuan, up 78.6% [2][3] - Hisense Visual achieved a revenue of 27.231 billion yuan, a 7.0% increase, with a net profit of 1.056 billion yuan, up 26.6% [2][3] - Zhaochi Co. and Skyworth Digital reported declines in both revenue and net profit, while Tongzhou Electronics turned a profit after previous losses [1] Cost and Profitability Analysis - The operating costs for black home appliance companies generally increased, with about two-thirds of companies seeing cost growth outpacing revenue growth [3][4] - The gross profit margin for most companies declined, with *ST Gauss having a gross margin of only 3.5% [4] - Tongzhou Electronics reported a remarkable net profit margin of 37.4%, nearly doubling from the previous year [8] Cash Flow and Efficiency - Operating cash flow was positive for Zhaochi Co., while several companies, including *ST Gauss and Sichuan Changhong, experienced cash outflows [11] - Hisense Visual reported a 48.6% increase in operating cash flow, reaching 1.802 billion yuan [11] - *ST Gauss faced significant challenges with accounts receivable, with turnover days exceeding 300 days, while Hisense Visual and Extreme Technology maintained turnover days below 30 [13]

Market Overview - The refining and trading sector experienced a decline of 0.19% on September 29, with Compton leading the drop [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Daqing Huake (000985) saw a significant increase of 10.00%, closing at 19.91 with a trading volume of 59,900 shares and a turnover of 117 million yuan [1] - Other notable gainers included Bohui Co. (300839) with a 4.42% increase, Baocao Co. (002476) up 2.10%, and Maohua Shihua (000637) rising by 1.95% [1] - Conversely, Compton (603798) led the declines with a drop of 3.70%, closing at 16.64, alongside Rongsheng Petrochemical (002493) down 3.24% [2] Capital Flow - The refining and trading sector saw a net outflow of 66.36 million yuan from institutional investors, while retail investors contributed a net inflow of 2.50 million yuan [2] - The main stocks with significant capital inflow included Daqing Huake with 39.99 million yuan and China Petroleum (601857) with 35.17 million yuan [3] - Notably, Baocao Co. experienced a net inflow of 20.54 million yuan from institutional investors, despite a net outflow from retail investors [3]

Group 1 - The company, Baomo Co., stated on September 25 that all capital operations are conducted in strict accordance with relevant laws, regulations, and regulatory requirements [1] - The company ensures timely and fair disclosure of matters that meet information disclosure standards, guaranteeing the authenticity, accuracy, and completeness of information [1] - The company emphasizes the protection of all investors' right to know [1]

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Baomo Co., Ltd., indicating a stable increase in financing activities and a significant rise in revenue and net profit for the first half of 2025 [1][2]. - As of September 24, Baomo's stock price increased by 0.17%, with a trading volume of 260 million yuan, and a net financing purchase of 6.39 million yuan, reflecting strong investor interest [1]. - The financing balance of Baomo reached 274 million yuan, accounting for 7.74% of its market capitalization, indicating a high level of leverage compared to the past year [1]. Group 2 - For the first half of 2025, Baomo reported an operating income of 268 million yuan, representing a year-on-year growth of 26.16%, and a net profit attributable to shareholders of 15.85 million yuan, which is a 129.30% increase compared to the previous year [2]. - The company has distributed a total of 131 million yuan in dividends since its A-share listing, with 12.24 million yuan distributed over the last three years [3]. - As of June 30, 2025, Baomo's top ten circulating shareholders included Changcheng Industry Rotation Mixed Fund, holding 1.97 million shares, while another fund, Changcheng Anxin Return Mixed Fund, exited the top ten list [3].

Market Overview - The refining and trading sector increased by 0.17% on September 24, with Guangju Energy leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Guangju Energy (000096) closed at 11.57, up 3.40% with a trading volume of 101,500 shares and a turnover of 116 million yuan [1] - Baoli International (300135) closed at 4.59, up 3.38% with a trading volume of 690,400 shares and a turnover of 314 million yuan [1] - Tongkun Co. (601233) closed at 14.11, up 3.14% with a trading volume of 260,000 shares and a turnover of 362 million yuan [1] - Other notable stocks include Wanbangda (300055) up 2.50%, Guochuang Gaoxin (002377) up 2.35%, and Kangjindun (603798) up 2.15% [1] Capital Flow - The refining and trading sector saw a net inflow of 132 million yuan from institutional investors, while retail investors experienced a net outflow of 118 million yuan [2] - The main capital flow data indicates that Baoli International had a net inflow of 39.09 million yuan from institutional investors, while retail investors had a net outflow of 41.85 million yuan [3] - China Petroleum (601857) also saw a net inflow of 33.19 million yuan from institutional investors, despite a net outflow from retail investors [3]