Core Viewpoint - Mingchen Health (002919) reported mixed financial results for the first half of 2025, with revenue growth but a significant decline in net profit compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 reached 712 million yuan, a year-on-year increase of 7.07% [1] - Net profit attributable to shareholders was 41.06 million yuan, down 31.97% year-on-year [1] - In Q2 2025, total revenue was 350 million yuan, reflecting a 15.64% increase year-on-year, while net profit for the quarter rose by 82.07% to 28.35 million yuan [1] - Gross margin decreased to 53.74%, down 14.6% year-on-year, and net margin fell to 5.77%, down 36.48% [1] - Total expenses (selling, administrative, and financial) amounted to 314 million yuan, accounting for 44.17% of revenue, a slight decrease of 2.65% year-on-year [1] Balance Sheet and Cash Flow - The company reported a significant accounts receivable issue, with accounts receivable amounting to 540.59% of net profit [1][2] - Cash and cash equivalents decreased by 13.62% to 112 million yuan [1] - Interest-bearing debt increased by 99.25% to 39.86 million yuan [1] - Earnings per share dropped to 0.15 yuan, a decrease of 31.96% year-on-year [1] Business Model and Investment Returns - The company's return on invested capital (ROIC) was 5.53%, indicating average capital returns [2] - Historical data shows a median ROIC of 13.96% since the company went public, with the lowest ROIC recorded in 2022 at 2.65% [2] - The company's performance relies heavily on research and marketing efforts, necessitating further analysis of these drivers [2] Fund Holdings - The largest fund holding Mingchen Health is the Huaxia Vision Growth Mixed A Fund, with 2.76 million shares held [3] - The fund's current size is 622 million yuan, with a recent net value of 1.2917, reflecting a 0.68% decline from the previous trading day but a 106.28% increase over the past year [3]

Market Overview - On August 29, the gaming sector rose by 1.54%, led by Xinghui Entertainment, while the Shanghai Composite Index closed at 3857.93, up 0.37% [1] - The Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Gainers in Gaming Sector - Xinghui Entertainment (300043) closed at 5.25, up 5.85% with a trading volume of 2.2598 million shares and a transaction value of 1.194 billion [1] - ST Huaton (002602) closed at 15.53, up 5.00% with a trading volume of 1.6222 million shares and a transaction value of 2.476 billion [1] - Youzu Interactive (002174) closed at 66.91, up 4.55% with a trading volume of 670,000 shares and a transaction value of 1.133 billion [1] Top Losers in Gaming Sector - Glacier Network (300533) closed at 43.45, down 4.84% with a trading volume of 253,100 shares [2] - Shengtian Network (300494) closed at 15.10, down 3.64% with a trading volume of 482,400 shares [2] - Fuchun Co. (300299) closed at 6.96, down 3.33% with a trading volume of 441,500 shares [2] Capital Flow Analysis - The gaming sector experienced a net outflow of 481 million from major funds, while retail investors saw a net inflow of 505 million [2] - The net outflow from speculative funds was 24.3461 million [2] Individual Stock Capital Flow - Kunlun Wanwei (300418) had a net inflow of 330 million from major funds, but a net outflow of 1.57 billion from speculative funds [3] - ST Huaton (002602) saw a net inflow of 180 million from major funds, with a net outflow of 1.27 billion from speculative funds [3] - Youzu Interactive (002174) had a net inflow of 133 million from major funds, but a net outflow of 48.7022 million from speculative funds [3]

Core Points - The company has approved a profit distribution plan for the year 2024, proposing a cash dividend of RMB 0.5 per 10 shares, with no capital reserve transfer or bonus shares [6][7][8] - The company plans to repurchase shares using its own funds, with a maximum price of RMB 22.95 per share, and aims to buy back between approximately 1.3 million to 2.2 million shares [8][9] - A new wholly-owned subsidiary, Fujian Xingxuan Shikong Network Technology Co., Ltd., will be established with an investment of RMB 10 million to enhance the company's gaming business [63][64] Financial and Operational Highlights - The company reported that all directors attended the board meeting to review the half-year report, ensuring compliance with legal and regulatory requirements [1][12] - The board has approved the establishment of a three-year dividend plan (2025-2027) to enhance transparency and encourage long-term investment [15][58] - The company has revised its articles of association, eliminating the supervisory board and transferring its responsibilities to the audit committee of the board [67] Governance and Compliance - The board has made several amendments to governance documents, including the rules for shareholder meetings and board meetings, to align with current laws and improve operational efficiency [18][25][67] - The company has ensured that all disclosures are accurate and complete, with no misleading statements or omissions [10][55]

Group 1 - The company Mingchen Health (SZ 002919) announced on August 29 that it plans to invest 10 million yuan to establish a wholly-owned subsidiary, Fujian Xingxuan Shikong Network Technology Co., Ltd., based on its strategic planning and future business development [1] - As of the first half of 2025, the revenue composition of Mingchen Health is as follows: 76.84% from software and information technology services, and 23.16% from the manufacturing of chemical raw materials and chemical products [1]

每经AI快讯，名臣健康（SZ 002919，收盘价：16.3元）8月29日发布半年度业绩报告称，2025年上半年 营业收入约7.12亿元，同比增加7.07%；归属于上市公司股东的净利润约4106万元，同比减少31.97%； 基本每股收益0.1541元，同比减少31.96%。 每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 （记者 王可然） ...

名臣健康用品股份有限公司 董事、高级管理人员自律守则 第一章 总则 第一条 董事、高级管理人员是名臣健康用品股份有限公司（以下简称"公司"） 重要机构的组成人员，其行为活动直接影响到公司、股东以及他人的利益及社会经济 秩序，为规范上述人员的行为，确保其勤勉、忠实地履行职责，根据《中华人民共和 国公司法》（以下简称"《公司法》"）和《名臣健康用品股份有限公司章程》（以 下简称"《公司章程》"）的规定，并参照《深圳证券交易所股票上市规则》（以下 简称"《股票上市规则》"）《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》（以下简称"《规范运作》"）等有关法律、法规和规范性文 件，特制定本守则。董事、高级管理人员应当遵守法律、行政法规、部门规章、规范 性文件和《公司章程》，在《公司章程》、股东会或者董事会授权范围内，忠实、勤 勉、谨慎履职，并严格履行其作出的各项承诺。 第二条 公司董事、高级管理人员对公司负有忠实义务，应当采取措施避免自身 利益与公司利益冲突，不得利用职权牟取不正当利益；公司董事、高级管理人员对公 司负有勤勉义务，执行职务应当为公司的最大利益尽到管理者通常应有的合理注意。 第 ...

证券代码：002919 证券简称：名臣健康 公告编号：2025-031 名臣健康用品股份有限公司 关于修订公司章程及附件的公告 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。 名臣健康用品股份有限公司（以下简称"公司"）于2025年8月28日召开第 四届董事会第六次会议，审议通过了《关于修订<名臣健康用品股份有限公司章 程>及附件的议案》,根据《中华人民共和国公司法》及《上市公司章程指引》等 最新法律法规、规范性文件的要求，结合公司实际经营情况，公司拟对《公司章 程》以及《股东大会议事规则》《董事会议事规则》有关条款进行修订，修订后 《股东大会议事规则》将更名为《股东会议事规则》，同时公司不再设置监事会， 监事会的职权由董事会审计委员会行使，监事会（监事）将在股东大会审议通过 后停止履职，《监事会议事规则》相应废止。 | 本次修订前的公司章程内容 | 本次修订后的公司章程内容 | | --- | --- | | 第一条 为维护名臣健康用品股份有限公司 | 第一条 为维护名臣健康用品股份有限公司 | | （以下简称"公司"或"本公司"）、股东 | （以下简称"公 ...

证券代码：002919 证券简称：名臣健康 名臣健康用品股份有限公司 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 编制单位：名臣健康用品股份有限公司 单位：万元 非经营性资金 占用 资金占 用方名 称 占用方与 上市公司 的关联关 系 上市公司 核算的会 计科目 2025 年半年 度期初占用 资金余额 2025 年半 年度占用 累计发生 金额（不 含利息） 2025 年半年 度占用资金 的利息(如 有) 2025 年半年 度偿还累计 发生金额 2025 年半年 度期末占用 资金余额 占用形 成原因 占用 性质 控股股东、实 际控制人及其 附属企业 - - 小计 - - - - - - - - - - 前控股股东、 实际控制人及 其附属企业 - - 小计 - - - - - - - - - - 其他关联方及 附属企业 - - 小计 - - - - - - - - - - 总计 - - - - - - - - - - | 其他关联资金 | 资金往 来方名 | 往来方与 上市公司 | 上市公司 核算的会 | 2025 年半年 度期初占用 | 2025 年半 年度占用 累计发生 | 2025 年半 ...

证券代码：002919 证券简称：名臣健康 公告编号：2025-030 名臣健康用品股份有限公司 关于设立全资子公司的公告 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。 名臣健康用品股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日召开 公司第四届董事会第六次会议，审议通过了《关于设立全资子公司的议案》。现 对有关事项说明如下： 一、对外投资概述 注册地址：福建省泉州市丰泽区保利城二期 A 地块 1 号楼 1 层至 4 层 法定代表人：许晓东 经营范围：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推 广；软件开发；动漫游戏开发；数字文化创意软件开发；信息系统集成服务；网 络技术服务；数字技术服务；云计算装备技术服务；软件外包服务；数字内容制 作服务（不含出版发行）；云计算设备销售；广告服务；广告代理 许可项目：互联网信息服务、互联网游戏服务、第二类增值电信业务 （上述公司名称、注册地址、经营范围等事项的描述以当地相关主管部门最 终核准为准） 三、设立控股子公司的目的及对公司的影响 根据公司战略规划及未来业务发展，结合福建泉州市政府对 ...

名臣健康用品股份有限公司 2025 年半年度财务报告 名臣健康用品股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 名臣健康用品股份有限公司 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：名臣健康用品股份有限公司 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 | 111,539,119.71 | 172,829,084.96 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 66,496,896.62 | 58,149,644.95 | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 252,562,927.79 | 241,718,639.65 | | 应收款项融资 | | | | 预付款项 | 65,863,771.65 | 124,671,876.03 | | 应收保费 | | ...