Core Viewpoint - The financial performance of Fengjing Co., Ltd. (002662) for the first half of 2025 shows significant declines in revenue and net profit compared to the previous year, indicating potential challenges in the company's operations and financial health [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 was 1.418 billion yuan, a decrease of 12.0% year-on-year [1]. - Net profit attributable to shareholders was 112 million yuan, down 45.34% year-on-year [1]. - In Q2 2025, total revenue was 757 million yuan, a decline of 3.04% year-on-year, while net profit was 69.0685 million yuan, down 27.12% year-on-year [1]. - The gross profit margin was 29.52%, a slight decrease of 0.25% year-on-year, and the net profit margin was 7.89%, down 37.88% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 133 million yuan, accounting for 9.4% of revenue, an increase of 13.73% year-on-year [1]. - Earnings per share were 0.07 yuan, a decrease of 50.0% year-on-year, and operating cash flow per share was 0.12 yuan, down 58.05% year-on-year [1]. Balance Sheet and Cash Flow Analysis - Cash and cash equivalents increased to 498 million yuan, up 13.87% year-on-year [1]. - Accounts receivable rose to 618 million yuan, an increase of 7.82% year-on-year, with accounts receivable accounting for 174.51% of net profit [1][3]. - Interest-bearing debt surged to 661 million yuan, a significant increase of 159.14% year-on-year [1]. Return on Investment Metrics - The company's return on invested capital (ROIC) for the previous year was 7.68%, indicating average capital returns [3]. - The historical median ROIC over the past decade was 7.33%, reflecting weak investment returns, with the worst year being 2019, which recorded a ROIC of -39.82% [3].

Group 1 - The core point of the article is that Fengjing Co., Ltd. (SZ 002662) held its 20th meeting of the 6th board of directors on August 28, 2025, to review the company's semi-annual report for 2025 [1] - For the first half of 2025, the company's revenue composition is entirely from the automotive parts industry, accounting for 100.0% [1]

Group 1 - The company reported a revenue of 1.418 billion yuan for the first half of 2025, representing a year-on-year decrease of 12.00% [1] - The net profit attributable to shareholders of the listed company was 112 million yuan, down 45.34% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 107 million yuan, a decline of 48.23% year-on-year [1] - The basic earnings per share were 0.07 yuan [1]

Core Insights - The company reported a total operating revenue of 1.418 billion yuan for the first half of 2025, representing a year-on-year decline of 12.00% [1] - The net profit attributable to shareholders of the listed company was 112 million yuan, down 45.34% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 107 million yuan, a decrease of 48.23% year-on-year [1] - The basic earnings per share were 0.07 yuan [1]

北京峰璟汽车零部件股份有限公司 2025 年半年度财务报告 证券简称：峰璟股份 证券代码：002662 披露时间：2025 年 8 月 29 日 北京峰璟汽车零部件股份有限公司 2025 年半年度财务报告 1 北京峰璟汽车零部件股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：北京峰璟汽车零部件股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 498,468,668.76 | 612,532,183.63 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 80,000,000.00 | 340,000,000.00 | | 衍生金融资产 | 309,475.72 | | | 应收票据 | 226,184,766.26 | 139,562,544.23 | | 应收账款 | 617,631,480.08 | ...

单位：万元 北京峰璟汽车零部件股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 经 | 营 | 性 | 资 | 资金占用方名称 | 占用方与上 | 上市公司核 | 2025 年期初 | | 2025 年 月 | 1-6 | | 2025 | 年 | 1-6 | 2025 年 | 1-6 | 2025 年 | 半 | 年 | 占用形成原 | 占用性质 | 非 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 金占用 | | | | | 市公司的关 | 算的会计科 | | 占用资金余 | 占用累计发生 | | | 月 占 | 用 资 | 金 | 月偿还累计 | | 度 期 末 | 占 | 用 | 因 | | | | | | | | | 联关系 | 目 | 额 | | 金额（不含利 | | | 的利息 | | | 发生金额 | | 资金余额 | | ...

证券代码：002662 证券简称：峰璟股份 公告编号：2025-031 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 北京峰璟汽车零部件股份有限公司（以下简称"公司"）第六届董事会第二 十次会议于 2025 年 8 月 28 日（星期四）在北京市通州区台湖镇民企总部 35 号 楼以现场结合通讯的方式召开。会议通知已于 2025 年 8 月 18 日通过邮件的方式 送达各位董事。本次会议应出席董事 9 人，实际出席董事 9 人（其中：通讯方式 出席董事 6 人）。 会议由董事长李璟瑜主持，高管列席。会议召开符合有关法律、法规、规 章和《公司章程》的规定。经各位董事认真审议，会议形成了如下决议： 二、董事会会议审议情况 （一）审议通过《关于<公司 2025 年半年度报告及其摘要>的议案》 全体董事一致认为公司《2025 年半年度报告》《2025 年半年度报告摘要》 符合法律、行政法规的规定，报告内容真实、准确、完整地反映了公司 2025 年 半年度的经营情况，不存在虚假记载、误导性陈述或重大遗漏。本议案已经公司 第六届董事会审计委员会第十 ...

Financial Performance - The company's operating revenue for the reporting period was ¥1,418,429,748.44, a decrease of 12.00% compared to ¥1,611,912,687.41 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥111,972,182.14, down 45.34% from ¥204,838,713.02 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥106,574,122.35, a decline of 48.23% compared to ¥205,876,348.46 last year[15]. - The net cash flow from operating activities was ¥181,476,714.20, representing a decrease of 58.05% from ¥432,571,676.80 in the previous year[15]. - Basic earnings per share were ¥0.07, down 50.00% from ¥0.14 in the same period last year[15]. - The company reported a total profit of 5,398,059.79, with a significant income tax impact of 1,326,443.03[20]. - The company's operating revenue for the reporting period was ¥1,418,429,748.44, a decrease of 12.00% compared to ¥1,611,912,687.41 in the same period last year, primarily due to declining sales from mainstream traditional car manufacturers and price competition in the industry[50]. - The net profit attributable to shareholders was ¥111,972,182.14, down 45.34% from ¥204,838,713.02, mainly due to decreased sales leading to reduced gross profit and lower investment income from joint ventures[50]. - The cash flow from operating activities was ¥181,476,714.20, representing a significant decline of 58.05% from ¥432,571,676.80 in the previous year, primarily due to the drop in sales revenue[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,774,117,070.98, an increase of 8.63% from ¥5,315,356,728.40 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company were ¥4,311,556,558.57, a slight increase of 0.09% from ¥4,307,584,376.43 at the end of the previous year[15]. - The company's total assets included cash and cash equivalents of ¥498,468,668.76, which accounted for 8.63% of total assets, down from 11.52% the previous year[55]. - The company's short-term borrowings increased to ¥631,679,889.18, which is 10.94% of total assets, up from 9.80% the previous year[55]. - Total liabilities rose to CNY 1,462,560,512.41 from CNY 1,007,772,351.97, an increase of about 45.06%[129]. - The company's equity attributable to shareholders increased slightly to CNY 4,311,556,558.57 from CNY 4,307,584,376.43, a marginal growth of about 0.05%[129]. Investment and R&D - The company has developed a comprehensive supply chain management system, ensuring effective control over procurement costs and quality[27]. - The company holds 82 utility model patents and 2 invention patents, focusing on new product development and innovative technologies[32]. - The company successfully applied aluminum alloy matte coloring anodizing technology to exterior parts in 2024, enhancing its surface treatment capabilities[30]. - The company has established several engineering technology research centers, significantly boosting its technological innovation system and core competitiveness[33]. - The company invested ¥524,137,037.25 during the reporting period, a dramatic increase of 3942.31% compared to the previous year's investment of ¥12,966,259.15[57]. - Research and development expenses increased to CNY 124,981,161.17 from CNY 95,057,891.36, marking an increase of about 31.51%[136]. Operational Strategies - The company employs a "sales-driven production" model, aligning production plans with customer orders to manage inventory effectively[29]. - The company has advanced testing capabilities, with a CNAS accredited laboratory that meets the quality standards of major automotive manufacturers[35]. - The company has a strong modular production capability and synchronous development ability, allowing it to meet diverse customer needs efficiently[26]. - The company implements lean management practices to enhance operational efficiency, reduce costs, and optimize production processes across all business areas[41]. Market Position and Risks - The company specializes in the R&D, production, and sales of mid-to-high-end automotive interior and exterior decorative parts, establishing itself as a leader in the industry[22]. - The company has established a stable and high-quality customer base, including major automotive manufacturers such as FAW-Volkswagen, BMW Brilliance, and Volvo, enhancing its competitive position in the industry[36]. - The company is facing risks from macroeconomic fluctuations and industry competition, particularly in the context of the growing demand for new energy vehicles[71]. - The company faces risks from a high customer concentration, primarily relying on major manufacturers like FAW-Volkswagen and Beijing Benz, which could adversely affect operations if demand shifts[73]. - Fluctuations in raw material prices, including non-ferrous metals and plastics, pose a risk to profitability, necessitating enhanced supply chain management and procurement strategies[74]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has not engaged in any securities or derivative investments during the reporting period[64][65]. - There were no significant asset or equity sales reported during the reporting period[67]. - The company has three subsidiaries included in the environmental information disclosure list, indicating compliance with environmental regulations[82]. - There are no significant legal disputes or arbitration matters reported during the period[90]. - The half-year financial report has not been audited, which may affect the reliability of financial disclosures[88]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,310[117]. - The total number of shares is 1,500,000,000, with 1,499,981,100 shares being unrestricted[115]. - Beijing Fengjing Zhonghuan Investment Management Co., Ltd. holds 30.40% of the shares, totaling 456,000,000 shares, with 306,000,000 shares pledged[117]. - The second-largest shareholder, WIKA AG, holds 11.62% of the shares, totaling 174,367,772 shares[117]. Future Outlook - The company is pursuing a sustainable development model by integrating information technology and industrialization, supporting its strategic goals[47]. - The company has not reported any changes in accounting policies or prior period errors that would affect the equity figures[148]. - The company has maintained a continuous operation capability without significant doubts for the next 12 months[159].

Group 1 - Beijing Fengjing Automotive Parts Co., Ltd. has approved a guarantee for its wholly-owned subsidiaries, Qinhuangdao Fengjing and Wuxi Fengjing, for external financing up to RMB 1 billion, with a single guarantee limit of RMB 300 million [1][2] - The company signed a guarantee contract with China Construction Bank for a loan of RMB 50 million for Qinhuangdao Fengjing [2] - The financial data as of December 31, 2024, shows total assets of RMB 248,597.63 million, total liabilities of RMB 55,920.77 million, and net assets of RMB 192,676.86 million [3] Group 2 - The guarantee covers all principal, interest, penalties, and other related costs incurred during the loan period [3][4] - As of August 26, 2025, the total approved external guarantee amount is RMB 1.409 billion, accounting for 18.78% of the audited net assets for 2024 [5] - There are no overdue guarantees or guarantees involving litigation, and the company has not provided guarantees to entities outside the consolidated financial statements [5]

Group 1 - The company, Peak Jing Co., Ltd. (002662), announced that it does not provide guarantees to entities outside the scope of its consolidated financial statements [1] - There are no overdue guarantees, litigation-related guarantees, or losses due to judgments against the company related to guarantees [1]