[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%20I.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) [Important Notice](index=2&type=section&id=Important%20Notice) The company's management assures the accuracy and completeness of this semi-annual report and financial statements, with no profit distribution planned for the period - Company management guarantees the truthfulness, accuracy, and completeness of this report and financial statements[4](index=4&type=chunk) - The company plans no cash dividends, bonus shares, or capital increase from capital reserves for the 2025 semi-annual period[5](index=5&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines key terms and abbreviations of company entities and industry-specific terminology used throughout the report - The reporting period is defined as January 1, 2025, to June 30, 2025[13](index=13&type=chunk) - Abbreviations for the company and its main wholly-owned and controlling subsidiaries, such as Jin'aobo Information, Shandong Shengshida, and Beijing Jin'aobo Jingmei, are clarified[13](index=13&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Item%20II.%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Profile](index=6&type=section&id=I.%20Company%20Profile) Shenzhen Jin'aobo Technology Co., Ltd. (stock code 002917) is a Shenzhen Stock Exchange-listed company with Ming Gang as its legal representative Company Basic Information | Item | Content | | :--- | :--- | | Stock Abbreviation | Jin'aobo | | Stock Code | 002917 | | Listing Exchange | Shenzhen Stock Exchange | | Legal Representative | Ming Gang | [Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2025, the company achieved robust growth with operating revenue up 10.47% to **825 million yuan** and net profit attributable to shareholders up 20.91% to **86.725 million yuan**, while operating cash flow significantly improved Key Accounting Data and Financial Indicators | Key Financial Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 824,799,273.49 | 746,609,430.56 | 10.47% | | Net Profit Attributable to Shareholders | 86,725,007.79 | 71,724,893.28 | 20.91% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 84,841,705.21 | 67,970,490.41 | 24.82% | | Net Cash Flow from Operating Activities | 142,887,362.79 | 58,804.29 | 242,887.99% | | Basic Earnings Per Share (Yuan/Share) | 0.2534 | 0.2086 | 21.48% | | Total Assets (End of Reporting Period) | 3,280,802,661.03 | 3,187,684,244.98 (End of Prior Year) | 2.92% | | Net Assets Attributable to Shareholders (End of Reporting Period) | 1,669,694,860.62 | 1,570,825,767.46 (End of Prior Year) | 6.29% | [Non-recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring gains and losses totaled **1.8833 million yuan**, primarily from government grants and wealth management income, partially offset by asset disposal losses and other non-operating items Non-recurring Gains and Losses Items | Item | Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -223,901.64 | Primarily from disposal of fixed assets by controlling subsidiaries | | Government Grants Recognized in Current Profit/Loss | 2,962,793.10 | Government grants received by the company and controlling subsidiaries | | Gains/Losses from Entrusted Investment or Asset Management | 993,471.42 | Investment income from wealth management using temporarily idle funds | | Net Other Non-operating Income and Expenses | -473,536.62 | - | | **Total** | **1,883,302.58** | - | [Management Discussion and Analysis](index=9&type=section&id=Item%20III.%20Management%20Discussion%20and%20Analysis) [Principal Business and Operations](index=9&type=section&id=I.%20Principal%20Business%20Activities%20During%20the%20Reporting%20Period) The company, a leader in civil explosive intelligent equipment, achieved revenue growth of **10.47%** and net profit growth of **20.91%** driven by strong performance in specialized equipment and chemical materials, alongside strategic acquisitions and technological advancements - The company's core business revolves around four major segments: civil explosive integration, fine chemicals, intelligent manufacturing, and Jin'aobo Smart Cloud[28](index=28&type=chunk) Revenue Growth by Business Segment | Business Segment | YoY Revenue Growth | | :--- | :--- | | Specialized Equipment | 62.46% | | Chemical Materials | 28.23% | - During the reporting period, the acquisition of 100% equity in Shijiazhuang Chenggong Electromechanical Co., Ltd. was completed, deepening resource integration in the intelligent equipment business segment[30](index=30&type=chunk) - The company's co-developed 'JWL-ZW Emulsion Explosive Intelligent Unmanned Production Process Technology and Equipment' project passed scientific and technological achievement appraisal, with overall technology reaching international leading levels[31](index=31&type=chunk) [Core Competitiveness Analysis](index=21&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its leading intelligent equipment, integrated R&D and production, customized solutions, advanced industrial internet systems, robust customer base, and expert talent team - Technological innovation advantage: The company is a leading enterprise in domestic civil explosive intelligent equipment system integration, possessing multiple core technology patents and scientific awards, and recognized as a national-level 'Specialized, Refined, Unique, and New 'Little Giant' Enterprise'[88](index=88&type=chunk)[89](index=89&type=chunk) - Information service advantage: The company's 'Industrial Internet + Safety Production' system and 'Electronic Detonator Production Execution System' were successfully included in the Ministry of Industry and Information Technology's 'List of Typical Cases for Digital Transformation in Key Scenarios of the Civil Explosives Industry'[94](index=94&type=chunk) - Customer resource advantage: The company has over 300 production line application cases domestically and has expanded its business to multiple overseas countries and regions, undertaking over 30 production lines[96](index=96&type=chunk) [Main Business Analysis](index=23&type=section&id=III.%20Main%20Business%20Analysis) Main business revenue shifted with **62.46%** growth in specialized equipment and **28.23%** in chemical materials, while civil explosive products declined; overseas revenue surged **701.73%** to **8.75%** of total, and civil explosive gross margin improved due to cost control Key Financial Indicators and Changes | Financial Indicator | Current Reporting Period (Yuan) | YoY Change | Primary Reason for Change | | :--- | :--- | :--- | :--- | | Financial Expenses | 4,715,441.34 | -30.22% | Decrease in borrowing interest expenses | | Income Tax Expense | 15,299,894.48 | 165.50% | Increase in total profit and full utilization of deductible losses by some subsidiaries | | Net Cash Flow from Operating Activities | 142,887,362.79 | 242,887.99% | Increase in cash received from sales of goods and provision of services | | Net Cash Flow from Investing Activities | -135,194,870.41 | -297.40% | Increase in investment payments for newly consolidated subsidiaries and purchase of wealth management principal | Revenue Composition by Industry Segment | Revenue Composition (by Industry) | Current Reporting Period Amount (Yuan) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Specialized Equipment | 148,141,822.65 | 17.96% | 62.46% | | Chemical Materials | 265,302,811.66 | 32.17% | 28.23% | | Civil Explosive Products | 388,091,729.14 | 47.05% | -11.28% | | Engineering Blasting | 16,007,470.37 | 1.94% | 175.96% | - Overseas business revenue reached **72.1403 million yuan**, accounting for **8.75%** of total revenue, a **701.73%** year-on-year increase, indicating a gradual expansion of overseas business scale[103](index=103&type=chunk)[111](index=111&type=chunk) [Analysis of Assets and Liabilities](index=26&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets reached **3.281 billion yuan**, up **2.92%** from year-end, with stable asset structure, while long-term borrowings increased from **43 million yuan** to **89 million yuan** - Long-term borrowings increased by **46 million yuan** compared to the end of the previous year, representing the only significant change in the balance sheet[112](index=112&type=chunk) [Analysis of Investment Status](index=27&type=section&id=VI.%20Analysis%20of%20Investment%20Status) Investments totaled **25.6804 million yuan**, up **12.40%**, with several major non-equity projects delayed; of the **685 million yuan** raised in 2022, **434 million yuan** remains unused, primarily for cash management and working capital - Multiple fundraising projects, including the 'Blasting Engineering Service Project' and 'Civil Explosive Material Production Line Technical Transformation and Informatization Project,' have been resolved to be postponed[118](index=118&type=chunk)[128](index=128&type=chunk) - As of the end of the reporting period, **434 million yuan** of the funds raised from the 2022 non-public offering remain unused, with **430 million yuan** allocated for cash management and **38 million yuan** for temporary working capital replenishment[123](index=123&type=chunk)[125](index=125&type=chunk) [Analysis of Major Holding and Participating Companies](index=34&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Major controlling subsidiaries Shandong Shengshida, Anhui Jin'aobo, and Beijing Jin'aobo Jingmei were profitable, while the acquisition of Shijiazhuang Chenggong Electromechanical added **3.6140 million yuan** in net profit, and Shandong Shengshida Technology Service Co., Ltd. was deregistered Performance of Major Subsidiaries | Major Subsidiary | Operating Revenue (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | | Shandong Shengshida Chemical Co., Ltd. | 198,004,952.45 | 14,140,950.10 | | Anhui Jin'aobo New Material Technology Co., Ltd. | 167,573,459.54 | 9,580,996.87 | | Beijing Jin'aobo Jingmei Technology Co., Ltd. | 192,719,371.60 | 14,907,372.52 | - During the reporting period, the newly acquired subsidiary, Shijiazhuang Chenggong Electromechanical Co., Ltd., contributed **3.6140 million yuan** in net profit, accounting for **4.14%** of consolidated net profit attributable to the parent company[137](index=137&type=chunk) [Risks and Countermeasures](index=35&type=section&id=X.%20Risks%20and%20Countermeasures%20Faced%20by%20the%20Company) The company addresses risks such as macroeconomic volatility, market competition, supply chain management, production safety, and raw material price fluctuations through strategic market analysis, continuous innovation, and robust internal controls - The company identified five major risks: macroeconomic fluctuations, industry and market competition, supply chain extension and expansion, production safety, and raw material price volatility[137](index=137&type=chunk)[138](index=138&type=chunk)[139](index=139&type=chunk)[140](index=140&type=chunk) [Corporate Governance, Environment, and Society](index=37&type=section&id=Item%20IV.%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) [Corporate Governance and Social Responsibility](index=37&type=section&id=Corporate%20Governance%20and%20Social%20Responsibility) No changes occurred in the company's governance or profit distribution plans, while the company and four subsidiaries were listed for environmental disclosure, actively fulfilling social responsibilities across various stakeholder and environmental areas - The company and its major subsidiaries, including Jiangsu Tianming, Zhangjiakou Ziyun, Shandong Taishan Civil Explosives, and Shimen Chenggong Polymer, totaling four enterprises, were included in the list of enterprises required to disclose environmental information by law[147](index=147&type=chunk) - The company actively participated in rural revitalization, donating **50 computers** to Nimu Township Primary School in Nimu County, while its subsidiary Jiangsu Tianming donated funds and supported the installation of streetlights in its paired assistance village[150](index=150&type=chunk) [Significant Matters](index=39&type=section&id=Item%20V.%20Significant%20Matters) [Overview of Significant Matters](index=39&type=section&id=Overview%20of%20Significant%20Matters) The company had no unfulfilled commitments or illegal fund occupation by controlling shareholders, and its share repurchase plan, initiated in February 2024, was completed in February 2025, repurchasing **3.062 million shares** for **25.0073 million yuan** - The company completed its share repurchase plan on February 18, 2025, cumulatively repurchasing **3,062,000 shares**, accounting for **0.88%** of total share capital, with a total transaction amount of **25,007,260.00 yuan**[176](index=176&type=chunk)[177](index=177&type=chunk) - The company has no non-operating fund occupation by controlling shareholders or other related parties, nor any illegal external guarantees[153](index=153&type=chunk)[154](index=154&type=chunk) [Share Changes and Shareholder Information](index=44&type=section&id=Item%20VI.%20Share%20Changes%20and%20Shareholder%20Information) [Share Change Status](index=44&type=section&id=I.%20Share%20Change%20Status) The company's total share capital remained unchanged at **347,614,197 shares**, with minor transfers between restricted and unrestricted shares due to changes in executive share lock-up rules - The company's total share capital remained unchanged at **347,614,197 shares**[181](index=181&type=chunk) [Shareholder Numbers and Shareholding Status](index=46&type=section&id=III.%20Shareholder%20Numbers%20and%20Shareholding%20Status) As of the reporting period end, the company had **39,764** common shareholders, with Ming Gang (**24.36%**) and Sichuan Yahua Industrial Group Co., Ltd. (**11.79%**) as top holders, and the repurchase account holding **5.4206 million shares** - The total number of common shareholders at the end of the reporting period was **39,764**[189](index=189&type=chunk) Top Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Ming Gang | 24.36% | 84,678,273 | | Sichuan Yahua Industrial Group Co., Ltd. | 11.79% | 41,000,000 | | Ming Jinggu | 9.02% | 31,352,182 | [Bond-Related Information](index=50&type=section&id=Item%20VII.%20Bond-Related%20Information) [Bond Status](index=50&type=section&id=Bond%20Status) The company had no bond-related matters during the reporting period - The company had no bond-related matters during this reporting period[196](index=196&type=chunk) [Financial Report](index=51&type=section&id=Item%20VIII.%20Financial%20Report) [Financial Statements](index=51&type=section&id=II.%20Financial%20Statements) This unaudited semi-annual financial report shows total assets of **3.281 billion yuan** and equity attributable to parent company owners of **1.670 billion yuan**, with operating revenue of **825 million yuan** and net profit attributable to parent company owners of **86.725 million yuan** Consolidated Balance Sheet Key Items | Consolidated Balance Sheet Key Items | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 415,595,839.77 | 439,420,894.63 | | Accounts Receivable | 720,346,387.06 | 587,904,782.33 | | Total Assets | 3,280,802,661.03 | 3,187,684,244.98 | | Short-term Borrowings | 516,900,000.00 | 536,800,000.00 | | Total Liabilities | 1,355,854,524.39 | 1,361,359,151.02 | | Total Equity Attributable to Parent Company Owners | 1,669,694,860.62 | 1,570,825,767.46 | Consolidated Income Statement Key Items | Consolidated Income Statement Key Items | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 824,799,273.49 | 746,609,430.56 | | Total Operating Costs | 718,385,122.28 | 665,855,866.03 | | Total Profit | 112,942,177.48 | 93,981,646.12 | | Net Profit | 97,642,283.00 | 88,218,971.73 | | Net Profit Attributable to Parent Company Shareholders | 86,725,007.79 | 71,724,893.28 | [Notes to Consolidated Financial Statements](index=89&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statements) This section details consolidated financial statement items, noting a **22.5%** increase in accounts receivable, **8.9945 million yuan** in new goodwill from acquisition, strong revenue growth from specialized equipment and chemical materials, and an **18.63%** increase in R&D expenses to **47.5 million yuan** - As of period-end, **80.3119 million yuan** in company assets had restricted ownership or usage rights, primarily cash, fixed assets, and intangible assets used for deposits and collateral[422](index=422&type=chunk) - During the reporting period, the company acquired Shijiazhuang Chenggong Electromechanical Co., Ltd. for a cost of **66.2424 million yuan** through a non-common control business combination, resulting in goodwill of **8.9945 million yuan**[512](index=512&type=chunk) - The company deregistered its wholly-owned subsidiary, Shandong Shengshida Technology Service Co., Ltd[514](index=514&type=chunk) [Other Submitted Data](index=149&type=section&id=Item%20IX.%20Other%20Submitted%20Data) [Other Significant Information](index=149&type=section&id=Other%20Significant%20Information) The company reported no major social safety issues or administrative penalties, hosted two institutional site visits in March 2025 to discuss operations and strategy, and detailed fund movements with controlling shareholders and related parties - The company hosted two institutional site visits during the reporting period, engaging with multiple brokerage and fund companies to discuss its basic situation and development strategy[607](index=607&type=chunk)

Core Viewpoint - The company, Jin Aobo, is a leading domestic enterprise in the field of intelligent equipment for civil explosives, focusing on high-end intelligent manufacturing and core control technologies in industrial robotics [1] Company Overview - Jin Aobo integrates research and development, design, manufacturing, and services within the civil explosive intelligent equipment sector [1] - The company has extensive experience in the research and application of industrial robotics, including core technologies such as motion controllers, visual navigation systems, and laser navigation systems [1] Product Range - The main robotic products offered by the company include six-axis industrial robots, parallel robots, collaborative robots, SCARA robots, column robots, and visual navigation AGV intelligent transfer vehicles [1] - These products have been widely applied in the civil explosive industry and have successfully expanded into military, food, packaging, and fine chemical sectors [1]

Group 1 - The company, Jin Aobo (002917.SZ), stated on July 30 that it does not hold any direct or indirect equity in Yushu Technology and currently has no business cooperation with Yushu Technology [1] - An investor inquired about the company's indirect equity holdings in Yushu Technology and whether there has been any assessment of potential business collaboration, particularly in the context of smart manufacturing equipment like six-axis industrial robots and visual navigation AGV intelligent transfer vehicles [3]

Core Viewpoint - The company, Jin Aobo, does not hold any direct or indirect equity in Yushu Technology and currently has no business cooperation with it [1] Group 1: Company Overview - Jin Aobo focuses on high-end intelligent manufacturing, information technology, and core control technology and equipment for industrial robots [1] - The company has extensive experience in the research and application of industrial robot technology, including core technologies such as motion controllers, visual navigation systems, and laser navigation systems [1] Group 2: Product Offerings - Main robot products include six-axis industrial robots, parallel robots, collaborative robots, SCARA robots, column robots, and visual navigation AGV intelligent transport vehicles [1] - The products have been widely applied in the civil explosives industry and have successfully expanded into military, food, packaging, and fine chemical sectors [1] Group 3: Market Strategy - The company will continue to monitor market trends in the robotics field and will actively explore and seize relevant business opportunities in line with its business needs and strategic planning [1]

Group 1 - The civil explosives sector experienced a decline of 0.56%, ranking among the top losers in the concept sector as of July 24 [1][2] - Among the companies in the civil explosives sector, Huazhong Chemical, Jiangnan Chemical, and Yipuli saw significant declines, while Gaozheng Civil Explosives, Poly United, and Huaibei Mining had notable increases of 10.01%, 10.00%, and 2.64% respectively [1][2] - The civil explosives sector faced a net outflow of 2.209 billion yuan, with 16 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 50 million yuan [2][3] Group 2 - The top net outflow stock was Gaozheng Civil Explosives, with a net outflow of 1.230 billion yuan, followed by Yahua Group, Yipuli, and Huazhong Chemical with net outflows of 382 million yuan, 182 million yuan, and 180 million yuan respectively [2][3] - The stocks with the highest net inflows included Lixin Micro, Tongde Chemical, and Jiangnan Chemical, with net inflows of 42.699 million yuan, 26.662 million yuan, and 23.071 million yuan respectively [2][3] - The civil explosives sector's trading activity showed that Gaozheng Civil Explosives had a trading rate of 21.74% despite a price increase of 10.01% [2][3]

Core Viewpoint - The company Jin Aobo is actively participating in the construction of hydropower station projects in the lower reaches of the Yarlung Tsangpo River, leveraging its expertise in civil explosives to meet market demands [1] Company Overview - Jin Aobo's main civil explosive products include emulsified explosives, expanded explosives, ammonium oil explosives, digital electronic detonators, industrial electric detonators, detonating cords, and plastic detonating cords, which cater to various blasting operations in mining, tunneling, urban demolition, and infrastructure construction [1] - The company currently possesses relevant equipment, technology, raw materials, and civil explosive product operations in the Tibet market [1] Market Strategy - The company aims to seize market opportunities presented by relevant policies, continuing to optimize its products and services [1] - Jin Aobo is preparing thoroughly to engage in the hydropower station construction project, indicating a proactive approach to project involvement [1]

Group 1 - The civil explosives sector experienced a significant increase of 8.51%, leading the concept sectors in terms of growth, with 20 stocks rising, including Xinyu Guoke which hit a 20% limit up [1][2] - Major stocks in the civil explosives sector that saw notable gains include Kailong Co., Jinaobo, and Poly United, all reaching their daily limit up, while Baiao Intelligent, Guangdong Hongda, and Huaibei Mining also showed strong performance with increases of 11.43%, 5.79%, and 3.99% respectively [1][2] Group 2 - The civil explosives sector attracted a net inflow of 9.64 billion yuan from main funds today, with 15 stocks receiving net inflows, and 8 stocks exceeding 50 million yuan in net inflow [2] - The top net inflow stock was Xinyu Guoke with a net inflow of 2.26 billion yuan, followed by Yahua Group, Jinaobo, and Guotai Group with net inflows of 1.77 billion yuan, 1.61 billion yuan, and 1.08 billion yuan respectively [2][3] Group 3 - In terms of fund inflow ratios, Poly United, Yipuli, and Gaozheng Minexplosion had the highest net inflow ratios at 61.54%, 60.88%, and 39.35% respectively [3][4] - The civil explosives sector's fund inflow rankings show that Xinyu Guoke had a daily increase of 19.99% with a turnover rate of 13.28%, while Yahua Group and Jinaobo also performed well with increases of 9.99% and 10.01% respectively [3][4]

Group 1 - The A-share market saw a significant surge in the explosives sector, with Poly United hitting the daily limit up [1] - Other companies in the sector, including High Hope Explosives, Kailong Co., Jin Aobo, Guotai Group, and Huhua Co., also experienced gains [1]

Group 1: Company Overview and Financial Performance - The company achieved total revenue of 163,220.47 million yuan in 2024, an increase of 8.29% year-on-year, with specialized equipment revenue growing by 17.95% and chemical materials revenue by 18.27% [3] - The net profit attributable to shareholders reached 12,407.72 million yuan, up 22.05% from the previous year, while the net profit excluding non-recurring items was 11,730.04 million yuan, reflecting a growth of 25.13% [3] Group 2: Business Segments and Growth Strategies - The company operates in four main business segments: civil explosives integration, fine chemicals, intelligent manufacturing, and Jin Aobo Smart Cloud [3] - The specialized equipment segment is expected to benefit from the Ministry of Industry and Information Technology's guidelines, which aim for widespread application of unmanned production lines by 2027 [4][6] - The civil explosives segment has formed a complete industrial chain through mergers and acquisitions, enhancing cost efficiency and profitability [6] Group 3: Technological Advancements and Innovations - The company has developed the JWL-HD unmanned production line for emulsified explosives, achieving international leading technology standards [5] - The integration of industrial internet and AI technologies has enabled real-time safety and quality assessments, enhancing operational efficiency [5] Group 4: Market Position and Competitive Advantages - The company is a leading player in the civil explosives industry, benefiting from high entry barriers and strict regulatory requirements [4][6] - It has established long-term partnerships with major domestic civil explosives manufacturers, enhancing its market presence [6] Group 5: International Expansion and Future Directions - The company has seen growth in its overseas business, with projects in Southeast Asia, Central Asia, Europe, and Africa, having completed over 20 production lines [12][13] - Future strategies include expanding into high-value export products and enhancing international competitiveness through collaboration with global firms [13][11]

Core Points - The company announced a cash dividend distribution plan for the 2024 fiscal year, approving a cash dividend of RMB 1.00 per share (including tax) to all shareholders, with a total cash dividend amounting to RMB 34,219,359.70 (including tax) [1][2][4] - The dividend will be distributed based on the total number of shares after excluding repurchased shares, maintaining the total share capital unchanged before and after the distribution [2][4] - The record date for the dividend distribution is set for July 9, 2025, and the ex-dividend date is July 10, 2025 [3][4] Dividend Distribution Details - The cash dividend distribution will be RMB 0.10 per share, with the actual cash dividend per share calculated as RMB 34,219,359.70 divided by the total share capital of 347,614,197 shares, resulting in approximately RMB 0.0984406 per share [1][4] - The company will not issue bonus shares or increase share capital from capital reserves in this distribution [2][3] - The distribution will be adjusted for any changes in shares due to stock options, convertible bonds, or share buybacks, ensuring the distribution ratio remains unchanged [2][4] Taxation Information - The company will not withhold individual income tax for shareholders; instead, tax will be calculated based on the holding period when shares are sold [2][3] - Different tax rates will apply for domestic and foreign investors regarding the dividend tax [2][3] Consultation and Contact Information - The company provides contact details for inquiries regarding the dividend distribution, including the office address and contact persons [5]