Financial Performance - The company's operating revenue for the first half of 2025 was ¥154,943,770.15, a decrease of 39.52% compared to ¥256,192,735.41 in the same period last year[22] - The net profit attributable to shareholders of the listed company was a loss of ¥9,270,402.10, representing a decline of 235.26% from a profit of ¥6,853,684.99 in the previous year[22] - The basic and diluted earnings per share were both -¥0.0248, a decrease of 235.52% from ¥0.0183 in the previous year[22] - The company reported a significant decline in net profit after deducting non-recurring gains and losses, amounting to -¥10,153,523.18, a decrease of 256.80% from ¥6,475,512.18 in the previous year[22] - The company's revenue for the current period is ¥154,943,770.15, a decrease of 39.52% compared to ¥256,192,735.41 in the same period last year, primarily due to reduced income from the transfer of investment properties[46] - The company reported a total comprehensive loss of $5,253,607.93 for the first half of 2025, compared to a comprehensive income of $21,746,996.46 in the first half of 2024[129] - The net profit attributable to shareholders for the same period was 62.20 million RMB, showing a growth of 49.20% compared to the previous year[144] Cash Flow and Investments - The net cash flow from operating activities improved to -¥10,681,884.52, a 77.00% increase compared to -¥46,436,804.36 in the same period last year[22] - The net cash flow from investing activities was ¥33,027,701.18, a significant increase from -¥22,280,079.73, mainly due to the maturity of time deposits[46] - The net cash flow from financing activities worsened by 325.65% to -¥42,956,686.30 from -¥10,092,058.76, primarily due to a decrease in net bank borrowings[46] - Cash inflow from investment activities in the first half of 2025 was CNY 37,048,311.00, compared to CNY 3,759,936.64 in the first half of 2024, showing a significant increase[131] - The net cash flow from investment activities for the first half of 2025 was CNY 33,027,701.18, a turnaround from -CNY 22,280,079.73 in the same period of 2024[131] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,544,133,186.05, down 4.64% from ¥1,619,327,993.17 at the end of the previous year[22] - The net assets attributable to shareholders of the listed company were ¥1,219,640,101.94, a slight decrease of 0.81% from ¥1,229,567,781.24 at the end of the previous year[22] - Total current assets decreased from ¥775,719,692.02 to ¥730,398,177.03, a decrease of approximately 5.8%[116] - Total liabilities decreased from ¥411,024,159.74 to ¥345,757,322.15, reflecting a decrease of approximately 15.8%[118] - Total equity decreased from ¥1,208,303,833.43 to ¥1,198,375,863.90, a decline of about 0.8%[118] Market and Industry Trends - The textile and apparel industry showed steady growth in H1 2025, with a production capacity utilization rate of 77.8% for textiles and 86% for chemical fibers, both above the national average[29] - The total export value of China's textile and apparel reached $143.98 billion in H1 2025, a year-on-year increase of 0.8%, with textile exports at $70.52 billion (up 1.8%) and apparel exports at $73.46 billion (down 0.2%)[30] - The company is expanding its market presence by establishing a wholly-owned subsidiary in Xinjiang to enhance brand promotion and sales growth[34] - The company plans to strengthen the "Huas" and "Yijiaqi" brand development to increase domestic market share and enhance product value through design and R&D efforts[71] Research and Development - The company's R&D center is recognized as a national high-tech enterprise, focusing on innovation in design and production processes[36] - Research and development investment rose by 6.95% to ¥4,088,159.98 from ¥3,822,335.24, reflecting the company's commitment to innovation[46] - The company is investing 200 million in R&D for new technologies and product development in the upcoming year[138] - The company has allocated 15 million RMB for research and development to support new product innovations[146] Operational Strategies - The company operates a complete industrial chain from raw material procurement to sales, emphasizing integrated advantages in the fur fashion industry[33] - The production model is driven by orders, implementing a make-to-order strategy, with a production process that includes R&D design, tanning, dyeing, and garment production[37] - The company operates under various sales models, including OBM, OEM, and ODM, with OBM focusing on direct sales to end customers and establishing a presence in online channels like Tmall and Douyin[39] - The company's self-owned brands, such as "Heras," "Yijiaqi," and "Yishangdi," emphasize luxury, elegance, and uniqueness, with "Yijiaqi" recognized as a "China Famous Trademark" and "China Brand"[39] Risk Management - The company has outlined potential risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[5] - The company faces risks from macroeconomic factors, including geopolitical crises and inflationary pressures, which may impact consumer spending and export orders[70] - The company will continue to closely monitor economic trends and market conditions, enhancing communication with existing customers while developing new ones to improve risk awareness[71] Corporate Governance - The semi-annual financial report has not been audited[83] - There are no significant litigation or arbitration matters reported during the period[85] - The company has not engaged in any related party transactions during the reporting period[87] - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[162]

Group 1 - The company Huasi Co., Ltd. (002494) responded to investor inquiries on August 12, indicating that as of August 10, 2025, the number of shareholders is 26,685 [1]

华斯股份（002494）公告，预计2025年上半年净利润亏损800万元-1200万元。 ...

特别提示： 1、 本次股东会没有出现否决议案的情形。 证券代码：002494 证券简称：华斯股份 公告编号：2025-019 华斯控股股份有限公司 2024 年年度股东会决议公告 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。 出席本次股东会现场投票的股东及股东代理人共 2 人，代表公司有表决 权的股份数 121,622,668 股，占公司发行在外有表决权股份总数的 32.5993%。 3、网络投票情况 参加本次股东会网络投票的股东共 101 人，代表公司有表决权的股份数 2,466,060 股，占公司发行在外有表决权的股份总数的 0.6610%。 公司部分董事、监事和公司聘请的国浩律师（深圳）事务所律师列席、 出席了本次会议。 2、 本次股东会不涉及变更前次股东会决议。 一、会议的召开和出席情况 华斯控股股份有限公司（以下简称"公司"）2024 年年度股东会的通知 于 2025 年 4 月 16 日公告，本次会议于 2025 年 5 月 8 日 14:30 在河北省肃 宁县尚村镇华斯控股股份有限公司会议室召开，会议采用现场投票与网络投 票相结合的表决方式。本 ...

深圳市深南大道 6008 号特区报业大厦 24/31/41/42 层 邮编：518009 24/31/41/42F, Tequbaoye Building, 6008 Shennan Avenue, Shenzhen, Guangdong Province 518009, China 电话/Tel: (+86)(755) 83515666 传真/Fax: (+86)(755) 83515333 网址/Website:http://www.grandall.com.cn 邮箱/Email: grandallsz@grandall.com.cn 国浩律师（深圳）事务所 关于华斯控股股份有限公司 2024 年度股东大会之 法律意见书 GLG/SZ/A3223/FY/2025-446 致：华斯控股股份有限公司 国浩律师（深圳）事务所（以下简称"本所"）接受华斯控股股份有限 公司（以下简称"公司"）的委托，指派律师对公司 2024 年度股东会（以下 简称"本次股东会"）的相关事项进行见证。现根据《中华人民共和国公司 法》、《中华人民共和国证券法》、《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥90,163,818.82, a decrease of 40.66% compared to ¥151,943,634.23 in the same period last year[4] - The net profit attributable to shareholders was ¥1,258,180.39, down 90.22% from ¥12,868,183.83 year-on-year[4] - The basic earnings per share dropped to ¥0.0034, a decline of 90.03% from ¥0.0341 in the same period last year[4] - Net profit for the period was ¥1,257,993.01, down from ¥12,867,996.95, indicating a decline of approximately 90.2% year-over-year[16] - Operating profit decreased significantly to ¥1,312,676.87 from ¥12,993,201.14, a drop of about 89.9% year-over-year[16] - The company recorded a tax expense of ¥5,189.03, significantly lower than ¥135,292.30 from the previous period, indicating a decrease of about 96.2%[16] - Basic and diluted earnings per share decreased to ¥0.0034 from ¥0.0341, a decline of approximately 90.0% year-over-year[17] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 840.40%, reaching ¥20,872,365.95, compared to ¥2,219,515.24 in the previous year[4] - Cash flow from operating activities was ¥111,066,702.78, down from ¥116,785,965.56, a decrease of approximately 4.6% year-over-year[19] - The company reported a cash inflow from operating activities of $121,058,352.27, an increase from $118,300,035.09[20] - The ending balance of cash and cash equivalents reached $220,238,158.78, up from $136,422,195.54 at the end of the previous period[20] - The company received government subsidies amounting to ¥646,374.61 during the reporting period, contributing to the net cash flow from operating activities[5] - Total cash inflow from financing activities was $57,000,000.00, with cash outflow for debt repayment amounting to $40,000,000.00[20] - The net increase in cash and cash equivalents was $35,814,730.89, contrasting with a decrease of $9,939,605.30 in the prior period[20] - Cash outflow from investing activities totaled $1,017,514.21, a decrease from $10,486,044.98 in the previous period[20] - Total cash outflow from operating activities was $100,185,986.32, compared to $116,080,519.85 previously[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,641,980,367.21, reflecting a 1.40% increase from ¥1,619,327,993.17 at the end of the previous year[4] - Total current assets amount to 811,083,640.06 CNY, an increase from 775,719,692.02 CNY at the beginning of the period[12] - Total non-current assets are 830,896,727.15 CNY, down from 843,608,301.15 CNY[12] - The company reported a total liability of ¥431,906,160.35, an increase from ¥411,024,159.74, reflecting a growth of approximately 5.0%[13] - Total equity increased slightly to ¥1,210,074,206.86 from ¥1,208,303,833.43, a growth of about 0.15%[13] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,756[9] - The largest shareholder, He Guo Ying, holds 31.99% of shares, totaling 120,720,374 shares[9] - The company has a total of 5% or more shareholders, with no related party transactions among the top shareholders[10] - The company has not engaged in any financing or securities lending activities among the top shareholders[10] Expenses and Costs - The company’s sales expenses rose by 69.21% to ¥17,460,999.21, primarily due to increased costs associated with a newly established subsidiary[7] - Total operating costs decreased to ¥90,666,250.81 from ¥140,425,799.12, a reduction of about 35.4% year-over-year[15] - The company’s financial expenses decreased by 64.70% to ¥496,407.82, mainly due to increased interest income compared to the previous year[7] - Accounts payable decreased to 66,869,181.72 CNY from 73,596,101.50 CNY[12] - Cash paid to employees was $21,464,027.84, slightly down from $21,828,345.88 in the previous period[20] Other Information - The company reported a significant increase in cash and cash equivalents, with a balance of ¥220,238,158.78, up 61.44% from ¥136,422,195.54 at the end of the previous year[7] - The company’s contract liabilities increased by 67.01% to ¥30,329,671.35, attributed to higher pre-received property management fees and goods payments[7] - Other comprehensive income after tax was ¥512,380.42, compared to a loss of ¥1,047,756.92 in the previous period, indicating a significant recovery[16] - The impact of exchange rate changes on cash and cash equivalents was $306,704.14, compared to a negative impact of $646,357.79 in the previous period[20] - The company’s first quarter report was not audited, indicating a preliminary financial position[21]

Core Insights - The company reported a total revenue of 502 million yuan for 2024, representing a year-on-year increase of 24.11% [1] - The net profit attributable to shareholders reached 22.22 million yuan, a significant increase of 270.9% compared to the previous year [1] - The fourth quarter showed a revenue of 158 million yuan, a decline of 2.74% year-on-year, but the net profit for the same period surged by 316.47% to 19.45 million yuan [1] Financial Performance - Gross margin for 2024 was 28.04%, down 7.57% year-on-year, while net margin improved to 4.43%, up 237.69% [2] - Total expenses (selling, administrative, and financial) amounted to 100 million yuan, accounting for 19.95% of revenue, a decrease of 6.89% [2] - Earnings per share increased to 0.06 yuan, a rise of 272.17% from the previous year [2] Cash Flow and Receivables - The net cash flow from operating activities increased by 295.91%, attributed to higher sales collections and increased tax payments [3] - Accounts receivable represented 185.64% of the net profit, indicating a significant amount of outstanding payments [5] Inventory and Debt - Inventory increased by 20.4% due to the return of previously auctioned materials and anticipation of higher sales [4] - Interest-bearing debt rose by 29.80% to 184 million yuan, reflecting an increase in short-term borrowings [2][4] Business Model and Returns - The company's return on invested capital (ROIC) was 1.81%, indicating weak capital returns in recent years [5] - The cumulative financing since the company's listing reached 1.527 billion yuan, with total dividends of 75.23 million yuan, resulting in a low dividend financing ratio of 0.05 [5]

Group 1 - The core viewpoint of the news is that 华斯股份 (002494.SZ) has disclosed its 2024 annual report, revealing significant details about institutional and foreign investment holdings [1][2] - As of April 15, 2025, a total of 26 institutional investors hold shares in 华斯股份, with a combined holding of 19.844 million shares, representing 5.26% of the total share capital [1] - The top ten institutional investors collectively hold 5.08% of the shares, which is a decrease of 2.04 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 20 new public funds have been disclosed this period compared to the previous quarter, including 华夏中证500指数增强A and 诺安低碳经济股票A [1] - Regarding foreign investment, two new foreign institutions have been disclosed this period, namely BARCLA YS BANK PLC and MORGAN STANLEY & CO. INTERNATIONAL PLC, while UBS AG has not been disclosed this period [2]

内部控制审计报告 （截止 2024 年 12 月 31 日） 目 录 页 次 华斯控股股份有限公司 内部控制审计报告 政旦志远内字第 2500028 号 政旦志远（深圳）会计师事务所（特殊普通合伙） Zandar Certified Public Accountants LLP 华斯控股股份有限公司 一、 内部控制审计报告 1-2 二、注册会计师的责任 地 址：深圳市福田区鹏程一路广电金融中心11F 电 话：+86-755-88605026 www.zdcpa.com 内 部 控 制 审 计 报 告 政旦志远内字第 2500028 号 华斯控股股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了华斯控股股份有限公司（以下简称华斯股份公司） 2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、 《企业内部控制评价指引》的规定，建立健全和有效实施内部控制， 并评价其有效性是企业董事会的责任。 四、财务报告内部控制审计意见 我们认为，华斯股份公司于 2024 年 12 月 31 ...

华斯控股股份有限公司 控股股东及其他关联方资金占用情况的 专项说明 政旦志远核字第 2500112 号 政旦志远（深圳）会计师事务所（特殊普通合伙） 控股股东及其他关联方资金占用情况的专项说明 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 控股股东及其他关联方资金占用情况的专项 说明 1-2 二、 华斯控股股份有限公司 2024 年度非经营性资 金占用及其他关联资金往来情况汇总表 1 地 址：深圳市福田区鹏程一路广电金融中心11F 电 话：+86-755-88605026 www.zdcpa.com 控 股 股 东 及 其 他 关 联 方 资 金 占 用 情 况 的 专 项 说 明 政旦志远核字第 2500112 号 华斯控股股份有限公司全体股东： Zandar Certified Public Accountants LLP 华斯控股股份有限公司 第1页 政旦志远核字第 2500112 号关联方资金占用情况的专项说明 为了更好地理解华斯股份公司 2024 年度控股股东及其他关联方资金 占用的情况，后附的汇总表应当与已审财务报表一并阅读。 本专项说明是我们根据中国证监会及其派出机构和深圳证 ...