蒙娜丽莎集团股份有限公司 2025 年半年度财务报告 蒙娜丽莎集团股份有限公司 2025 年半年度财务报告 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：蒙娜丽莎集团股份有限公司 2025 年 06 月 30 日 2025 年 8 月 1 蒙娜丽莎集团股份有限公司 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 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 1,450,698,926.22 | 1,509,608,004.59 | | 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 | 445,935.89 | 23,236,399.77 | | 应收账款 | 650,506,670.03 | 655,659,946.40 | | 应收款项融资 | 114,773,207.21 | 125,607,904.90 | | 预付款项 | 46,228,924.04 ...

| 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 蒙娜丽莎集团股份有限公司 第四届董事会第十四次会议决议公告 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。 2、审议通过了《关于 2025 年半年度计提资产减值准备的议案》 根据《企业会计准则》《深圳证券交易所股票上市规则》及公司会计政策的相关规定， 为客观、公允地反映公司的财务状况、资产价值及经营成果，基于审慎性原则，公司对合 并报表范围内的截至 2025 年 6 月 30 日的各类资产进行充分评估和减值测试，对存在减值 迹象的相关资产计提减值损失。 一、董事会会议召开情况 蒙娜丽莎集团股份有限公司（以下简称"公司"）第四届董事会第十四次会议于 2025 年 8 月 26 日在公司办公楼会议室以现场方式召开，会议通知已于 2025 年 8 月 15 日通过 专人送达、传真、电子邮件、电话等方式发出。本次会议由董事长萧礼标先生主持，应出 席会议董事 11 名，实际出席会议董事 ...

蒙娜丽莎集团股份有限公司 2025 年半年度报告全文 蒙娜丽莎集团股份有限公司 2025 年半年度报告 2025-058 2025 年 8 月 1 蒙娜丽莎集团股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、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。 公司负责人萧礼标、主管会计工作负责人汪雪波及会计机构负责人(会计 主管人员)梁富萍声明：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。 本报告如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，投资者及相关人士应对此保持足够的风险认识，并应当理解计划、预测 与承诺之间的差异。 公司已在本报告中详细描述可能对公司未来发展战略和经营目标的实现 产生不利影响的风险因素，具体内容请见本报告"第三节管理层讨论与分 析"之"十、公司面临的风险和应对措施"，敬请广大投资者注意投资风 险。 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 | 第一节 | 重要提示、目录和释义 | 2 | | ...

Group 1 - The renovation and building materials sector experienced a slight increase, closing at 15099.09 points with a growth rate of 0.90% [1] - Several stocks in the renovation and building materials sector saw price increases, with Mona Lisa leading at 12.72 CNY per share, up 10.03% [1] - Keren Co. and Zhejiang Zhengte followed, closing at 12.35 CNY per share (up 7.20%) and 51.80 CNY per share (up 5.74%) respectively [1] Group 2 - Conversely, *ST Yazhen led the decline in the sector, closing at 25.99 CNY per share, down 5.01% [1] - *ST Songfa and Diou Home also saw declines, closing at 55.40 CNY per share (down 2.46%) and 6.96 CNY per share (down 2.25%) respectively [1] Group 3 - According to a report by EEO Research Institute, the transaction volume of China's technology market is increasing annually, projected to reach 6.8 trillion CNY in 2024, with a year-on-year growth of approximately 11.2% [1] - The robust development of the technology market supports the stable growth of China's whole-home smart industry, with higher technological maturity driving market prosperity and diversification [1]

Investment Rating - The report maintains a positive outlook on the building materials sector, highlighting potential opportunities in both "grouping" and "switching" strategies within the industry [2][11]. Core Insights - The building materials market is experiencing a shift in focus, with technology stocks gaining momentum while the building materials sector presents viable options for investment [2]. - The report emphasizes the importance of monitoring production capacity and quality improvements in key segments such as electronic fabrics and Q fabrics, which are expected to see increased demand due to advancements in AI and PCB technologies [3][4]. - The report identifies a growing confidence in infrastructure projects in regions like Xinjiang and Tibet, driven by government investments and the necessity of transportation infrastructure [11][12]. - The consumer building materials segment is showing signs of recovery, with expectations of improved revenue performance as the market stabilizes [24][25]. Summary by Sections Grouping in Building Materials - The electronic fabric sector is expected to maintain its performance, with leading companies like Zhongcai Technology reporting strong sales and production growth [3]. - The AI industry's production expectations are advancing, with key suppliers anticipating increased output of Q fabrics by the end of the year [4]. - The report highlights the importance of monitoring the production capacity and quality of Q fabrics, which will determine the actual supply capabilities of companies [4]. Switching in Building Materials - Infrastructure projects in Xinjiang and Tibet are gaining traction, with significant government backing and a strong demand for cement due to the region's unique geographical advantages [11][12]. - The consumer building materials sector is entering a recovery phase, with sales and construction data indicating a bottoming out of the market [13][14]. - The report notes that the cement industry is poised for potential growth, driven by policy improvements and governance enhancements [15][29]. Cement Industry - The cement sector is entering a peak season, but market performance remains subdued due to high comparative bases from the previous year [29][30]. - The report emphasizes the importance of policy measures to limit overproduction in the cement industry, which could enhance profitability [30][33]. - Companies like Conch Cement and Huaxin Cement are highlighted for their strong cash flow and potential for shareholder returns [34][38]. Glass Industry - The float glass market is experiencing price stabilization, with environmental regulations expected to impact production costs [40][41]. - The report indicates that the glass industry is facing cash flow challenges, with many companies operating at a loss [42]. - Companies like Xinyi Glass are expected to maintain competitive positions despite market pressures, with a focus on improving operational efficiency [43]. Photovoltaic Glass - The photovoltaic glass segment is seeing a decline in inventory levels, with prices remaining stable amid increased demand from downstream component manufacturers [48]. - The report notes that while domestic prices are under pressure, overseas markets are performing better, which could benefit leading companies in the sector [49]. Fiberglass - The fiberglass market is characterized by a divergence in production and sales, with electronic fabrics maintaining a favorable outlook [50].

2025年8月，蒙娜丽莎集团（股票代码：002918）凭借在环境、社会及公司治理（ESG）领域的系统性 实践，斩获中诚信绿金国际有限公司（以下简称 "中诚信绿金"）最新发布的ESG评级"A-"等级。 中诚信是国内规模最大、全球领先的评级机构。中诚信绿金作为中诚信旗下专业从事绿色金融与ESG服 务的子公司，是国内ESG评级领域的权威机构，覆盖57个细分领域差异化指标体系，依托超1.1万家企 业数据库和700余项四级指标动态监测，为全球投资者提供可信赖的中国市场评估工具，其评级结果被 全球投资机构广泛用于资产配置决策。 据悉，中诚信绿金ESG评级结果分为AAA至C七个等级，在房地产行业203家上市公司中仅6家获A级及 以上，环保行业该等级占比也不足 27%。蒙娜丽莎此次获评"A-"等级处于较高水平，充分展现了其在 环境、社会和公司治理（ESG）方面的卓越表现，在陶瓷行业处于领先示范地位。 作为中国建筑陶瓷行业的领军企业，蒙娜丽莎围绕"绿色发展，共筑美好"的可持续发展理念，已构建起 以董事会为可持续发展战略管理顶层机构的可持续发展治理架构，建立起一套科学的管理体系，并通过 长期价值引领、创新驱动建设、员工关怀发展、 ...

Group 1 - The latest stock price of Mona Lisa is 11.94 yuan, an increase of 0.28 yuan from the previous trading day [1] - The stock opened at 11.85 yuan, reached a high of 12.32 yuan, and a low of 11.32 yuan, with an overall volatility of 8.58% [1] - The trading volume was 329,400 hands, with a total transaction amount of 387 million yuan [1] Group 2 - Mona Lisa operates in the renovation and building materials industry, primarily engaged in the research, production, and sales of building ceramic products [1] - The company's product range includes ceramic tiles and ceramic slabs, widely used in residential and commercial buildings [1] Group 3 - On August 19, the stock experienced a rapid rebound, with a price increase of over 2% within 5 minutes, reaching 11.61 yuan at 9:39 AM [1] - The net outflow of main funds on that day was 4.55 million yuan, accounting for 0.17% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 235 million yuan, representing 8.98% of the circulating market value [1]

国金证券指出，历经近4年市场纠偏与下行调整，地产各项关键指标累计下滑幅度大，但购房总需求并 未显著减少，从新房逐步向二手房转移，今年以来二手房活跃度已超过新房市场。随着家装存量时代来 临，消费建材需求主导因素将逐步转变为翻新，中长期规模有望保持稳定，继续推荐涂料龙头，关注零 售端占比高或者零售转型顺利的消费建材龙头。 （文章来源：北京商报） 北京商报讯（记者翟枫瑞）8月18日，装修建材板块午盘小幅增长，以14625.78点收盘，涨幅为0.53%。 在板块带动下，多只装修建材股午盘股价实现增长。雅博股份午盘以1.82元/股收盘，涨幅为10.30%， 领涨装修建材股。蒙娜丽莎午盘以11.52元/股收盘，涨幅为6.67%，涨幅位列装修建材股第二。瑞泰科 技午盘以13.10元/股收盘，涨幅为6.24%，涨幅位列装修建材股第三。除此之外，菲林格尔午盘以21.12 元/股收盘，跌幅为5.92%，领跌装修建材股。森鹰窗业午盘以35.04元/股收盘，跌幅为4.45%，跌幅位列 装修建材股第二。万里石午盘以29.28元/股收盘，跌幅为3.87%，跌幅位列装修建材股第三。 ...

Investment Rating - The report maintains a positive outlook on the building materials industry, particularly in AI materials and traditional building materials entering a price increase season [1][3]. Core Insights - The AI materials market continues to expand, driven by the anticipation of mass production in the AI industry chain, which is expected to boost demand for related products [2][3]. - The construction materials sector is showing signs of recovery, with consumption fundamentals expected to improve in the second half of 2025 [10][24]. - The cement industry is entering a peak season, with price increases already observed in the Yangtze River Delta region [30][33]. Summary by Sections AI Materials - The M9 production for switches is expected to ramp up ahead of schedule, with core Q fabric suppliers also increasing production capacity [2]. - The demand for low dielectric fabrics is anticipated to rise alongside the production of GB200 and GB300 cabinets [2][3]. - The overall production ramp-up is seen as a key support for market trends [2]. Cement Industry - The opening of major infrastructure projects in Xinjiang and Tibet is expected to enhance market confidence and drive demand for cement [8][30]. - The cement market has seen a slight price increase, with certain regions experiencing price hikes of 10-30 RMB per ton [33][34]. - The report highlights a potential supply reduction in the North China region due to planned production cuts for air quality improvement [32][33]. Building Materials - The report notes a significant policy shift in Beijing aimed at stimulating the real estate market, which is expected to positively impact consumption building materials [10][24]. - Companies in the consumption building materials sector are beginning to stabilize their earnings, with expectations of improved profitability in the coming quarters [25][26]. - The report emphasizes the importance of cost management and pricing strategies among leading companies in the sector [25][26]. Glass Industry - The float glass market is currently facing price pressures, with average prices declining [41][42]. - Environmental regulations are tightening, which may lead to increased costs for glass manufacturers [42][43]. - Companies like Xinyi Glass are expected to maintain competitive positions despite market challenges, with a focus on profitability in their automotive glass segment [44].

Core Viewpoint - The renovation and building materials sector experienced a slight increase, with a closing index of 14625.78 points, reflecting a growth of 0.53% [1] Group 1: Market Performance - Several stocks in the renovation and building materials sector saw price increases, with Boya Co. leading at 1.82 CNY per share, up 10.30% [1] - Mona Lisa (002918) closed at 11.52 CNY per share, marking a 6.67% increase, ranking second in the sector [1] - Ruifeng Technology (002066) closed at 13.10 CNY per share, with a 6.24% increase, ranking third [1] - Conversely, Filinger (603226) led the decline with a closing price of 21.12 CNY per share, down 5.92% [1] - Senying Windows (301227) closed at 35.04 CNY per share, down 4.45%, ranking second in losses [1] - Wanli Stone (002785) closed at 29.28 CNY per share, down 3.87%, ranking third in losses [1] Group 2: Industry Insights - According to Guojin Securities, the real estate sector has seen significant declines in key indicators over the past four years, yet overall housing demand has not decreased significantly [1] - There is a noticeable shift in demand from new homes to second-hand homes, with second-hand home activity surpassing that of new homes this year [1] - As the home renovation era begins, the main driver of building materials demand is expected to shift towards renovations, with stable medium to long-term growth anticipated [1] - Continued recommendations are made for leading paint companies and those in the building materials sector that have a high retail proportion or are successfully transitioning to retail [1]