Core Insights - Qing Song Co., Ltd. (300132.SZ) reported a total operating revenue of 937 million yuan for the first half of 2025, with a net profit attributable to shareholders of 27.41 million yuan, ranking 9th among disclosed peers [1] - The company's cash flow from operating activities was 196 million yuan [1] - The latest debt-to-asset ratio stands at 40.14%, ranking 11th among peers [1] - The gross profit margin is 17.51%, placing the company 13th in its industry [1] - Return on equity (ROE) is recorded at 2.07%, also ranking 11th among peers [1] - The diluted earnings per share (EPS) is 0.06 yuan, ranking 11th in the same sector [1] - Total asset turnover is 0.43 times, while inventory turnover is 2.91 times [1] Shareholder Structure - The number of shareholders is 30,100, with the top ten shareholders holding a total of 119 million shares, accounting for 22.96% of the total share capital [1] - The largest shareholder is Norsbel (Hong Kong) Nonwoven Products Co., Ltd., holding 9.17% of shares [1] - Other significant shareholders include Ji'an Guangjia Enterprise Management Consulting Service Co., Ltd. (4.72%) and Fan Zhanhua (2.19%) [1]

Core Points - The company reported a revenue of 936.68 million yuan, an increase of 9.17% year-on-year, and a net profit attributable to shareholders of 27.41 million yuan, a significant increase of 300.03% year-on-year [7][8] - The company has implemented a strategy focusing on customer and product, optimizing production management and enhancing competitiveness in the cosmetics sector [8] - The company has decided to terminate the construction of a large industrial park project and will negotiate with government departments to recover the land use rights [9][10] Financial Performance - Revenue for the reporting period reached 936.68 million yuan, up 9.17% from the previous year [7] - Operating costs were 772.63 million yuan, an increase of 6.06% year-on-year [7] - Gross profit margin improved to 17.51%, an increase of 2.41 percentage points compared to the previous year [8] Strategic Developments - The company is focusing resources on high-potential product categories and enhancing service to core customers, which has driven sales growth in high-value products [8] - The company is advancing digital and intelligent operations to improve efficiency and reduce production losses [8] Project Updates - The company has decided to change the disposal plan for the 148-acre industrial park project, involving a partnership with a technology company for development [9][10] - The project has seen an investment of approximately 13.35 million yuan in preliminary construction, with a land transfer price set at 163.12 million yuan [9][10]

Core Viewpoint - Qingsong Co., Ltd. reported a revenue of 937 million yuan for the first half of 2025, reflecting a year-on-year growth of 9.17% [1] - The net profit attributable to shareholders reached 27.41 million yuan, showing a significant year-on-year increase of 300.03% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 25.97 million yuan, with a year-on-year growth of 293.92% [1] - Basic earnings per share stood at 0.055 yuan [1] Financial Performance - Revenue: 937 million yuan, up 9.17% year-on-year [1] - Net Profit: 27.41 million yuan, up 300.03% year-on-year [1] - Net Profit (excluding non-recurring items): 25.97 million yuan, up 293.92% year-on-year [1] - Basic Earnings per Share: 0.055 yuan [1]

Core Insights - The company reported a revenue of 937 million yuan for the first half of 2025, representing a year-on-year growth of 9.17% [1] - The net profit attributable to shareholders reached 27.41 million yuan, showing a significant year-on-year increase of 300.03% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 25.97 million yuan, reflecting a year-on-year growth of 293.92% [1] - The basic earnings per share stood at 0.055 yuan [1]

关于开展外汇套期保值业务的公告 证券代码：300132 证券简称：青松股份 公告编号：2025-025 福建青松股份有限公司 关于开展外汇套期保值业务的公告 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。 福建青松股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召开第五 届董事会第十四次会议、第五届监事会第十次会议，审议通过了《关于开展外汇 套期保值业务的议案》，同意公司（包括控股子公司）与银行等金融机构开展总 额不超过 3 亿元人民币（或等值的外币）的外汇套期保值业务，额度有效期自公 司董事会审议通过之日起 12 个月内有效，现将有关事宜公告如下： 一、外汇套期保值业务情况概述 1、外汇套期保值的目的 公司出口业务主要采用外币结算，随着公司业务不断发展，外汇收支规模不 断增长，基于外汇市场波动性增加，为有效规避外汇市场的风险，防范汇率大幅 波动对公司造成不良影响，提高外汇资金使用效率，合理降低财务费用，增强财 务稳健性，公司（包括控股子公司）拟与银行等金融机构开展外汇套期保值业务。 2、主要涉及币种及业务品种 公司拟开展的外汇套期保值业务只 ...

| 单位：人民币元 | | --- | | 非经营性 | | 占用方与上市公 | 上市公司核算 | 2025 年期初 | 2025 年半年度 占用累计发生 | 2025 年半 年度占用资 | 2025 年半年 | 2025 年 6 月末 | 占用形 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 资金占用 | 资金占用方名称 | 司的关联关系 | 的会计科目 | 占用资金余额 | 金额 | 金的利息 | 度偿还累计 | 占用资金余额 | 成原因 | 占用性质 | | | | | | | | | 发生金额 | | | | | | | | | | （不含利息） | （如有） | | | | | | 控股股东、实际控制 | | | | | | | | | | 非经营性 | | 人及其附属企业 | | | | | | | | | | 占用 | | 小计 | — | — | — | | | | | | | — | | 前控股股东、实际控 | | | | | | | | | | 非经营性 | | 制人及其附属企业 | | ...

第五届监事会第十次会议决议公告 一、监事会会议召开情况 福建青松股份有限公司（以下简称"公司"和"青松股份"）第五届监事会 第十次会议于 2025 年 8 月 16 日以直接送达或电子邮件方式发出会议通知，本次 会议于 2025 年 8 月 27 日下午在青松股份中山分公司会议室以现场方式召开。会 议应出席监事 3 名，实际出席监事 3 名，会议由监事会主席柏梅女士主持。会议 召开符合《中华人民共和国公司法》（以下简称《公司法》）等法律法规以及《福 建青松股份有限公司章程》（以下简称《公司章程》）的规定，会议召开合法、有 效。 二、监事会会议审议情况 证券代码：300132 证券简称：青松股份 公告编号：2025-022 福建青松股份有限公司 第五届监事会第十次会议决议公告 本公司及监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《关于开展外汇套期保值业务的议案》。 经审核，监事会认为：公司根据公司资产规模及业务需求情况，使用自有资 1 第五届监事会第十次会议决议公告 经与会监事认真审议，并以记名投票表决方式通过如下决议： 1、审议通过《关于<2025 年 ...

第五届董事会第十四次会议决议公告 证券代码：300132 证券简称：青松股份 公告编号：2025-021 福建青松股份有限公司 第五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。 一、董事会会议召开情况 福建青松股份有限公司（以下简称"公司"或"青松股份"）第五届董事会 第十四次会议于 2025 年 8 月 16 日以直接送达或电子邮件方式发出会议通知，本 次会议于 2025 年 8 月 27 日下午在青松股份中山分公司会议室以现场结合通讯的 方式召开。会议应出席董事 6 名，实际出席董事 6 名，会议由董事长范展华先生 主持，董事会秘书、监事及其他高级管理人员列席了本次会议。会议召开符合《中 华人民共和国公司法》（以下简称《公司法》）等法律法规以及《福建青松股份有 限公司章程》（以下简称《公司章程》）的规定，会议召开合法、有效。 二、董事会会议审议情况 经与会董事认真审议，并以记名投票表决方式通过如下决议： 1 第五届董事会第十四次会议决议公告 2、审议通过《关于开展外汇套期保值业务的议案》。 为有效规避外汇市场的风险，增强财务 ...

青松股份公告，2025年上半年营业收入9.37亿元，同比增长9.17%。净利润2740.76万元，同比增长 300.03%。 ...

Financial Performance - The company's operating revenue for the first half of 2025 reached ¥936,677,201.50, representing a 9.17% increase compared to ¥858,023,219.91 in the same period last year[23]. - Net profit attributable to shareholders of the listed company surged to ¥27,407,622.34, a remarkable increase of 300.03% from ¥6,851,345.41 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥25,971,911.53, up 293.92% from ¥6,593,149.57 year-on-year[23]. - The net cash flow from operating activities increased significantly by 164.34% to ¥195,618,483.18, compared to ¥74,001,370.60 in the same period last year[23]. - Basic earnings per share rose to ¥0.055, reflecting a 307.41% increase from ¥0.0135 in the previous year[23]. - Total assets at the end of the reporting period were ¥2,245,686,434.28, a 5.54% increase from ¥2,127,749,012.89 at the end of the previous year[23]. - Net assets attributable to shareholders of the listed company increased to ¥1,325,539,709.61, up 2.11% from ¥1,298,114,927.54 at the end of the previous year[23]. - The weighted average return on net assets improved to 2.09%, up from 0.53% in the previous year[23]. - The company reported a net loss of ¥412,412,683.25, an improvement from a loss of ¥439,820,305.59 in the previous period[184]. - The total assets at the end of the reporting period are CNY 1,325,539,000, showing a stable asset base for the company[200]. Operational Highlights - The company achieved operating revenue of 936.68 million yuan, a year-on-year increase of 9.17%[31]. - Operating costs amounted to 772.63 million yuan, reflecting a year-on-year increase of 6.06%[31]. - The company's gross profit margin improved to 17.51%, an increase of 2.41 percentage points compared to the previous year[33]. - The subsidiary, Nuosibeier, contributed 99.66% of the consolidated operating revenue, positioning it as a leading ODM enterprise in China[34]. - The company is advancing digital and intelligent operations to improve efficiency and reduce production losses[32]. - The production process is organized based on customer orders, allowing for on-demand production and rapid inventory turnover[49]. - The company employs a direct sales model, ensuring production aligns closely with customer needs and specifications[51]. - The company has established long-term partnerships with globally recognized cosmetic raw material suppliers, effectively controlling procurement costs and reducing operational risks[48]. Research and Development - Research and development investment increased by 17.17% to ¥33,857,986.14, up from ¥28,896,815.11 in the previous year[92]. - The company has developed over 500 new formulas during the reporting period, showcasing its strong execution in technology research and product innovation[83]. - The company has established a comprehensive quality management system that includes various data management systems to ensure product compliance and quality control throughout the product lifecycle[86]. - The company has actively increased its R&D investment and established a data analysis team to respond quickly to market trends and consumer changes[79]. Market Trends and Industry Insights - The cosmetics industry is experiencing a gradual recovery in domestic consumption, positively impacting order demand[32]. - The global beauty and personal care market is projected to grow to 651.6 billion USD in 2024, with an annual growth rate of 3.37% from 2025 to 2029[57]. - The domestic cosmetics market has entered a relatively stable new cycle since 2022, moving away from the previous decade of rapid growth[60]. - The market is shifting towards rational consumption, with consumers prioritizing cost-effectiveness and actual value, impacting spending on high-end skincare products[67]. - Online sales channels are expected to account for 53.97% of cosmetics sales by mid-2025, reflecting an 11.1% year-on-year increase, while offline sales are declining[70]. Corporate Governance and Social Responsibility - The company emphasizes high-quality development and social responsibility, contributing to community development and charity initiatives[136]. - The subsidiary, Norsbel, has received multiple awards for social responsibility, including the "Top Ten Social Responsibility Enterprises" award in 2019 and the "Social Responsibility Enterprise Award" in 2020[137]. - The company has supported various community projects, including a donation of 287,500 yuan for the construction of a community facility in 2025 and 400,000 yuan for poverty alleviation efforts in 2025[137]. - The company emphasizes quality control as a core principle to prevent product quality issues that could harm its reputation and financial performance[119]. Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[6]. - Future outlook includes plans for market expansion and potential new product launches, aiming to enhance revenue streams and market presence[199]. - The company plans to enhance internal management and optimize business lines to mitigate risks from macroeconomic changes and industry dynamics[115].