Core Viewpoint - Baiyang Co., Ltd. (002696) reported significant growth in its 2025 mid-year financial results, with total revenue and net profit showing substantial year-on-year increases, indicating improved profitability and operational efficiency [1] Financial Performance - Total revenue for the first half of 2025 reached 1.694 billion yuan, a year-on-year increase of 38.34% compared to 1.225 billion yuan in 2024 [1] - The net profit attributable to shareholders was 11.7893 million yuan, up 147.79% from a loss of 24.6713 million yuan in the previous year [1] - In Q2 2025, total revenue was 1.003 billion yuan, reflecting a 39.77% increase year-on-year, while net profit for the quarter was 7.2294 million yuan, up 134.57% [1] Profitability Metrics - The gross profit margin improved to 8.82%, a year-on-year increase of 27.48%, while the net profit margin turned positive at 0.42%, up 121.29% from -1.97% [1] - Total expenses (selling, administrative, and financial) amounted to 112 million yuan, accounting for 6.63% of revenue, which is a slight increase of 6.46% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents decreased to 666.5 million yuan, down 6.24% from 710 million yuan [1] - Accounts receivable increased to 633 million yuan, a 25% rise from 506 million yuan [1] - Interest-bearing debt rose significantly to 1.684 billion yuan, an increase of 46.17% from 1.152 billion yuan [1] Shareholder Metrics - Earnings per share (EPS) improved to 0.03 yuan, a 142.86% increase from a loss of 0.07 yuan [1] - The book value per share decreased slightly to 3.89 yuan, down 2.13% from 3.97 yuan [1] - Operating cash flow per share was -0.58 yuan, a significant decline of 306.21% from 0.28 yuan [1] Historical Performance Insights - The company's return on invested capital (ROIC) was 0.15% last year, indicating weak capital returns, with a historical median ROIC of 3.14% over the past decade [1] - The company has experienced three years of losses since its IPO, highlighting a fragile business model [1]

证券代码：002696 证券简称：百洋股份 公告编号：2025-046 百洋产业投资集团股份有限公司 一、担保情况概述 百洋产业投资集团股份有限公司（以下简称"公司"、"上市 公司"）于 2025 年 4 月 24 日、2025 年 5 月 20 日召开了第六届 董事会第十六次会议、2024 年年度股东大会，审议通过了《关 于 2025 年为全资及控股子公司提供担保额度预计的议案》。为了 有序开展融资业务、满足子公司日常经营需求，根据生产经营和 项目建设的需要，公司和全资或控股子公司拟为合并报表范围内 全资或控股子公司的融资和日常经营所需事项提供连带责任担 保，担保总额度不超过 54,400 万元。其中, 对资产负债率低于 70%的全资或控股子公司担保额度合计为 23,900 万元；对资产负 债率高于（含等于）70%的全资或控股子公司担保额度合计为 30,500 万元。担保方式包括但不限于信用担保、资产抵押、质 押等，担保额度有效期自股东大会审议通过之日起 12 个月内。 近日，因日常生产经营需要，公司全资子公司北海钦国冷冻 食品有限公司（以下简称"北海钦国"）向桂林银行股份有限公 1 司南宁星光支行（以下简 ...

Core Viewpoint - The report highlights the financial performance and operational strategies of Baiyang Industrial Investment Group Co., Ltd. for the first half of 2025, showcasing significant growth in revenue and net profit, while also detailing the company's business segments and future plans. Financial Performance - The company achieved a total revenue of CNY 1,694,045,144.43, representing a year-on-year increase of 38.34% compared to CNY 1,224,590,194.27 in the same period last year [17][19] - The net profit attributable to shareholders was CNY 11,789,288.51, a substantial recovery from a loss of CNY 24,671,303.83 in the previous year, marking a 147.79% increase [5][17] - The operating cash flow showed a negative net amount of CNY -199,436,512.68, a decline of 306.21% from the previous year's positive cash flow of CNY 96,713,266.41 [5][16] Business Segments - The main business activities include seafood processing and biological products, feed and feed raw materials, and deep-sea fishing processing [6][12] - Seafood processing and biological products accounted for 44.54% of total revenue, with a significant focus on export markets, particularly for tilapia products [19] - The feed business generated CNY 783,004,645.45, representing 46.22% of total revenue, with a year-on-year growth of 44.88% [19] - The deep-sea fishing segment contributed CNY 81,325,725.18, accounting for 4.80% of total revenue, with an 11.08% increase from the previous year [19] Operational Strategies - The company is focused on extending and enhancing its industrial chain, leveraging synergies between its various business segments to provide high-quality, safe, and traceable seafood products [6][12] - There is an emphasis on technological innovation and quality leadership to meet the evolving consumer demands for healthy and sustainable seafood [6][12] - The company plans to strengthen its domestic and international market presence, continuing to develop new products and processes [12][14] Quality Control and Certifications - The company has established a comprehensive food safety and quality control system, achieving certifications such as ISO9001, HACCP, BRC, and BAP, ensuring compliance with international standards [15][8] - The processing facilities are designed according to international food hygiene standards, equipped with advanced production lines and testing centers [8][15] Future Outlook - The company aims to enhance its core business capabilities, increase R&D efforts, and expand its market reach, aspiring to become a global leader in high-quality seafood supply [12][14]

Core Viewpoint - Baiyang Industrial Investment Group Co., Ltd. reported significant improvements in its financial performance for the first half of 2025, with a notable increase in revenue and a return to profitability compared to the same period last year [1]. Financial Performance - The company's operating revenue for the reporting period reached approximately 1.69 billion yuan, representing a 38.34% increase from approximately 1.22 billion yuan in the same period last year [1]. - The net profit attributable to shareholders of the listed company was approximately 11.79 million yuan, a turnaround from a loss of approximately 24.67 million yuan in the previous year, marking a 147.79% improvement [1]. - The net profit after deducting non-recurring gains and losses was approximately -199.44 million yuan, indicating ongoing challenges in core operations [1]. - The net cash flow from operating activities was approximately 96.71 million yuan, a significant decline of 306.21% compared to the previous year [1]. - Basic and diluted earnings per share both improved to 0.03 yuan, up 142.86% from -0.07 yuan in the previous year [1]. - The weighted average return on equity increased to 0.87%, a 123.41% improvement from -1.79% [1]. Asset and Equity Position - Total assets at the end of the reporting period were approximately 3.64 billion yuan, an increase of 18.68% from approximately 3.07 billion yuan at the end of the previous year [1]. - The net assets attributable to shareholders of the listed company were approximately 1.35 billion yuan, reflecting a slight increase of 1.17% from approximately 1.33 billion yuan at the end of the previous year [1]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,824 [3]. - The top ten shareholders included entities such as Qingdao Ocean Development Group Co., Ltd. and Qingdao Guoxin Innovation Equity Investment Management Co., Ltd., holding 17.00% and 13.16% of shares, respectively [4][5].

Group 1 - The board of directors of Baiyang Industrial Investment Group Co., Ltd. held its 19th meeting of the 6th session on August 26, 2025, with all 7 directors present, either in person or via video conference [1][2] - The board unanimously approved the proposal regarding the 2025 semi-annual report, with 7 votes in favor and no votes against or abstentions [1] - The board confirmed that the 2025 semi-annual report and its summary accurately reflect the company's actual situation without any false records or significant omissions [1]

Group 1 - The company reported a revenue of 1.694 billion yuan for the first half of 2025, representing a year-on-year growth of 38.34% [1] - The net profit attributable to shareholders of the listed company was 11.7893 million yuan, marking a turnaround from a loss to profit compared to the previous year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 6.6145 million yuan, with a basic earnings per share of 0.03 yuan [1]

Group 1 - The company reported a revenue of 1.694 billion yuan for the first half of 2025, representing a year-on-year growth of 38.34% [1] - The net profit attributable to shareholders of the listed company was 11.7893 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 6.6145 million yuan [1] - The basic earnings per share were 0.03 yuan [1]

百洋股份公告，2025年上半年营业收入16.94亿元，同比增长38.34%。净利润1178.93万元，同比增长 147.79%。 ...

百洋产业投资集团股份有限公司 2025 年半年度报告全文 百洋产业投资集团股份有限公司 2025 年半年度报告 【2025 年 8 月】 1 百洋产业投资集团股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人李奉强、主管会计工作负责人刘莹及会计机构负责人(会计主 管人员)黄燕云声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司 2025 年半年度报告中涉及未来计划等前瞻性陈述，不构成公司对投 资者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且 应当理解计划、预测与承诺之间的差异。 公司在本报告第三节" 管理层讨论与分析" 中" 十、公司面临的风险 和应对措施" 部分，详细描述了公司经营中可能存在的风险及应对措施，敬 请投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | UN | | --- | | | | 第二节公司简介 ...

百洋产业投资集团股份有限公司 2025 年半年度财务报告 百洋产业投资集团股份有限公司 2025 年半年度财务报告 【2025 年 8 月】 1 百洋产业投资集团股份有限公司 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：百洋产业投资集团股份有限公司 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 | 665,378,168.68 | 455,144,442.87 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 53,884.00 | 41,440.11 | | 应收账款 | 632,935,189.66 | 555,312,177.62 | | 应收款项融资 | | | | 预付款项 | 62,006,480.16 | 34,388,375.72 | | 应收保费 | | ...