江苏宝利国际投资股份有限公司 关于公司办公地址变更的公告 | 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。 | 江苏宝利国际投资股份有限公司（以下简称"公司"）因经营发展需要，于 近日搬迁至新办公地址，具体情况如下： | | 变更前 | 变更后 | | --- | --- | --- | | 办公地址 | 上海市闵行区申长路988 | 上海市闵行区新虹街道申武路 | | | 弄5号楼319室 | 109号虹桥丽宝广场T3-601A单元 | | 邮政编码 | 201107 | 201107 | 公司董事会秘书、证券事务代表联系地址同步变更为上述新办公地址。 除公司办公地址发生变更外，公司投资者联系电话、传真号码、公司网址、 电子邮箱等其他联系方式保持不变，具体如下： 证券代码：300135 证券简称：宝利国际 公告编号：2025-068 投资者热线电话：021-52210952 传真号码：021-62200838 公司网址：http://www.baoligroups.com 电子邮箱：ir@baoligroups.com 特此公告。 ...

Financial Performance - The company reported total revenue of 519 million yuan for the first half of 2025, a decrease of 54.61% year-on-year [1] - The net profit attributable to shareholders was -6.88 million yuan, down 170.28% compared to the previous year [1] - In Q2 2025, total revenue was 290 million yuan, reflecting a 61.0% decline year-on-year [1] - The net profit for Q2 2025 was -10.12 million yuan, a decrease of 288.13% year-on-year [1] - The gross margin was 0.89%, down 72.15% year-on-year, while the net margin was -1.53%, a decline of 341.67% [1] Financial Ratios and Metrics - The company's return on invested capital (ROIC) was 1.8% last year, indicating weak capital returns [3] - The median ROIC over the past decade was 1.92%, with a notably poor ROIC of -7% in 2022 [3] - The ratio of accounts receivable to net profit reached 1153.67%, highlighting significant credit risk [1][3] Cost Structure - Total selling, administrative, and financial expenses amounted to 33.99 million yuan, representing 6.54% of revenue, an increase of 78.02% year-on-year [1] - The company’s cash flow situation is concerning, with cash and cash equivalents covering only 28.09% of current liabilities [3] Debt and Asset Management - Interest-bearing liabilities decreased to 556 million yuan, down 32.96% year-on-year [1] - The interest-bearing asset-liability ratio stands at 33.05%, indicating a moderate level of debt [3]

Market Overview - The refining and trading sector experienced a decline of 1.66% on August 27, with Baoli International leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable stock performances included: - Kangzhidun (603798) rose by 5.87% to close at 15.88 [1] - Baoli International (300135) fell by 6.78% to close at 4.26 [2] - China Petroleum (601857) decreased by 1.60% to close at 8.63 [1] - Shanghai Petrochemical (600688) dropped by 2.03% to close at 2.89 [1] Trading Volume and Capital Flow - The refining and trading sector saw a net outflow of 828 million yuan from institutional investors, while retail investors contributed a net inflow of 455 million yuan [2] - The trading volume for Kangzhidun was 401,600 hands, with a transaction amount of 6.57 million yuan [1] Individual Stock Capital Flow - Kangzhidun had a net inflow of 31.92 million yuan from institutional investors, while it faced a net outflow of 21.38 million yuan from speculative funds [3] - Baoli International experienced a significant net outflow of 31.1 million yuan from institutional investors [2]

证券代码：300135 证券简称：宝利国际 公告编号：2025-067 江苏宝利国际投资股份有限公司 第六届监事会第十五次会议决议公告 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。 一、监事会会议召开情况 江苏宝利国际投资股份有限公司（以下简称"公司"）第六届监事会第十五次 会议于2025年8月25日以现场结合通讯表决方式在公司会议室召开，本次监事会 已于会议召开7日前以书面方式通知各位监事。会议应出席监事3名，实际参与表 决监事3名，其中监事程翠翠女士以通讯方式参会，公司部分高级管理人员列席 会议。本次会议由监事会主席谢欢女士主持。会议的召开符合《中华人民共和国 公司法》和《公司章程》等相关法律法规的有关规定，合法、有效。 二、监事会会议审议情况 （一）审议并通过《关于公司<2025年半年度报告>及其摘要的议案》 监事会认为：公司《2025年半年度报告》及其摘要的编制和审议程序符合法 律法规、《公司章程》和公司内部管理制度的规定，报告内容真实、准确、完整， 不存在任何虚假记载、误导性陈述或重大遗漏，未发现参与《2025年半年度报告》 编制和审议的人员有违反 ...

本议案已经公司董事会审计委员会审议通过。 证券代码：300135 证券简称：宝利国际 公告编号：2025-066 江苏宝利国际投资股份有限公司 第六届董事会第二十四次会议决议公告 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 江苏宝利国际投资股份有限公司（以下简称"公司"）第六届董事会第二十四 次会议于2025年8月25日以现场结合通讯表决方式在公司会议室召开，本次董事 会已于会议召开7日前以书面方式通知各位董事。会议应出席董事7名，实际参与 表决董事7名，其中独立董事朱鹰先生、邓效先生、周鹏先生以通讯方式参会。 公司部分监事和高级管理人员列席了会议。本次董事会由董事长刘俊先生召集并 主持。本次会议的召开符合《中华人民共和国公司法》和《公司章程》等相关法 律法规的有关规定，合法、有效。 二、董事会会议审议情况 （一）审议并通过《关于公司<2025年半年度报告>及其摘要的议案》 具体内容详见公司同日在巨潮资讯网（https://www.cninfo.com.cn）刊登的 《2025年半年度报告》及其摘要。 表决结果：同意 7 票，反对 ...

Core Insights - The company reported a significant decline in revenue for the first half of 2025, with operating income at 519 million yuan, representing a year-on-year decrease of 54.61% [1] - The net loss attributable to shareholders was 6.8824 million yuan, contrasting with a net profit of 9.7933 million yuan in the same period last year [1] Financial Performance - Operating income for the first half of 2025: 519 million yuan, down 54.61% year-on-year [1] - Net loss for the period: 6.8824 million yuan, compared to a net profit of 9.7933 million yuan in the previous year [1]

Financial Performance - The company's operating revenue for the first half of 2025 was approximately ¥519.35 million, a decrease of 54.61% compared to ¥1.14 billion in the same period last year[22]. - The net profit attributable to shareholders was a loss of approximately ¥6.88 million, representing a decline of 170.28% from a profit of ¥9.79 million in the previous year[22]. - The net cash flow from operating activities was negative at approximately ¥161.71 million, a significant decrease of 250.83% compared to a positive cash flow of ¥107.21 million in the same period last year[22]. - The basic and diluted earnings per share were both reported at -¥0.0075, a decline of 170.75% from ¥0.0106 in the previous year[22]. - The company reported a net profit of -3,026,170.83 RMB from its subsidiary Shaanxi Baoli, indicating a loss in the asphalt production and sales sector[67]. - The company reported a net loss of CNY 55,101,091.01 compared to a loss of CNY 39,002,948.53 in the previous period[134]. - The total comprehensive income for the first half of 2025 was a loss of ¥7.94 million, compared to a comprehensive income of ¥7.01 million in the first half of 2024[140]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.68 billion, a decrease of 1.85% from ¥1.71 billion at the end of the previous year[24]. - The net assets attributable to shareholders were approximately ¥948.57 million, down 1.67% from ¥964.67 million at the end of the previous year[24]. - Total current assets increased to CNY 1,347,786,395.36 from CNY 910,172,374.54, representing a growth of approximately 48%[132]. - Total liabilities decreased slightly to CNY 760,168,170.52 from CNY 774,802,225.96, a reduction of about 2%[134]. - The company's total equity decreased to CNY 922,890,239.45 from CNY 940,048,238.12, a reduction of approximately 2%[134]. Operational Strategy - The company has shifted its operational strategy in the general aviation sector towards a light asset model, focusing on aircraft maintenance and support services due to high costs associated with helicopter maintenance[34]. - The company is actively seeking new business growth opportunities in road maintenance, driven by increasing demand for high-quality asphalt[69]. - The company has established five asphalt plants across Jiangsu, Shaanxi, Hunan, Tibet, and Xinjiang to ensure high-quality asphalt product supply[33]. Research and Development - Research and development investment dropped by 49.13% to ¥4,278,745.02, primarily due to a reduction in ongoing R&D projects[42]. - The company has invested in advanced research and testing equipment, resulting in multiple national invention patents and a comprehensive product range to meet diverse customer needs[37]. Risk Management - The management has detailed the risks faced by the company and the corresponding countermeasures in the report[6]. - The company has established a comprehensive risk management framework for hedging operations, including a dedicated leadership team and risk control group[62]. - The company faces risks related to accounts receivable, particularly due to lengthy payment approval processes from state-owned highway construction clients[68]. - The company is exposed to cyclical risks in the industry, as its performance is closely tied to infrastructure construction planning and cycles[69]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total number of common shareholders at the end of the reporting period is 40,030[121]. - The largest shareholder, Chizhou Toke Equity Investment Fund Partnership, holds 22.57% of shares, totaling 208,000,000 shares[123]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations to ensure fair decision-making processes[81]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[86]. - The company has not engaged in any violations regarding external guarantees during the reporting period[87]. Market Conditions - The apparent consumption of asphalt in China is projected to decline from 3,415.55 million tons in 2023 to 2,846.29 million tons in 2024, with a further expected decrease in 2025[31]. - The company is actively pursuing innovation in its asphalt supply chain services, aligning with national policies to become a leader in the domestic asphalt supply chain[33]. Financial Management - Financial expenses decreased significantly by 52.54% to ¥4,323,318.51 due to reduced borrowings and interest expenses[42]. - The company has implemented measures to mitigate operational risks from raw material price fluctuations, including establishing long-term supplier relationships and conducting regular market analysis meetings[71].

| | 新疆宝利沥青有限公司 | 控股子公司 | 其他应收款 | 3,982.24 | 1,205.68 | | 1,103.40 | 4,084.52 | | 非经营性往来 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 西藏宝利沥青有限公司 | 控股子公司 | 其他应收款 | 18,826.57 | 2,871.01 | | 2,146.46 | 19,551.12 | | 非经营性往来 | | 上市公司的 | 宁波宝利乐泰贸易有限公司 | 控股子公司 | 其他应收款 | | 4,642.50 | | | 4,642.50 | | 非经营性往来 | | 子公司及其 | | | | | | | | | | | | 附属企业 | 上海宝利乐泰企业管理有限公司 | 控股子公司 | 其他应收款 | 371.31 | 2,107.20 | | 1,126.24 | 1,352.27 | | 非经营性往来 | | | 江苏宝利建设发展有限公司 | 控股子公司 | 其他应收款 | | 87.03 | | | 87.03 ...

Group 1 - The stock price of Baoli International closed at 4.46 yuan on August 18, 2025, reflecting a 1.36% increase from the previous trading day [1] - The trading volume on that day was 299,574 hands, with a total transaction amount of 133 million yuan [1] - The company operates in the chemical products industry, focusing on two main business segments: asphalt and general aviation [1] Group 2 - As of August 18, the total market capitalization of Baoli International is 4.11 billion yuan, with a circulating market value also at 4.11 billion yuan [1] - On August 18, the company clarified on its investor interaction platform that its main business does not involve high-performance composite materials such as PEEK, addressing market concerns about its business scope [1] - On the same day, the net outflow of main funds was 6.11 million yuan, with a cumulative net outflow of 22.02 million yuan over the past five days [1]

Group 1 - The company, Baoli International, stated that its current main business includes two directions: "asphalt + general aviation" [1] - The company does not engage in the field of high-performance composite materials such as PEEK [1]