Core Points - Changrong Co., Ltd. announced the approval of its 2025 semi-annual report and summary by the 14th meeting of the sixth board of directors [2] Summary by Category - **Company Announcement** - The company held its 14th meeting of the sixth board of directors on August 28 and approved the 2025 semi-annual report and its summary [2]

Core Viewpoint - Changrong Co., Ltd. reported a decrease in revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 726 million yuan, a year-on-year decrease of 3.80% [1] - The net profit attributable to shareholders of the listed company was 5.0247 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.2498 million yuan [1] - The basic earnings per share were 0.0119 yuan [1]

Group 1 - The company Evergrande Co., Ltd. (SZ 300195) announced its sixth board meeting on August 27, 2025, via communication, where the "2025 Semi-Annual Report" was reviewed [1] - For the year 2024, the revenue composition of Evergrande Co., Ltd. is as follows: Equipment manufacturing accounts for 89.04%, operating leasing for 4.86%, financing leasing for 4.68%, health industry for 1.3%, and other business income for 0.12% [1] - As of the report date, the market capitalization of Evergrande Co., Ltd. is 3.3 billion yuan [1]

Core Viewpoint - Changrong Co., Ltd. reported a revenue of 726 million yuan for the first half of 2025, reflecting a year-on-year decline of 3.80% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 5.0247 million yuan, marking a turnaround from loss to profit year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.2498 million yuan [1] - The basic earnings per share stood at 0.0119 yuan [1]

编制单位：天津长荣科技集团股份有限公司 金额单位：人民币万元 | | | | 上市公司核 | | 2025 年度往 | 2025 年 度往来 | 2025 年度 | 2025 年末 | | 往来性质（经营性 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金 | 资金往来方名 | 往来方与上市公 | | 2025年初往 | 来累计发生 | | | | | | | 占用 | 称 | 司的关联关系 | 算的会计科 | 来资金余额 | 金额（不含利 | 资金的 | 偿还累计 | 往来资金 | 往来形成原因 | 往来、非经营性往 | | | | | 目 | | 息） | 利息（如 | 发生额 | 余额 | | 来） | | | | | | | | 有） | | | | | | 控股股东、实际 | | | | | | | | | | | | 控制人及其附 | | | | | | | | | | | | 属企业 | | | | | | | | | | | | 小 计 | —— | —— | —— | | | | | ...

证券代码：300195 证券简称：长荣股份 公告编号：2025-034 天津长荣科技集团股份有限公司 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 第六届监事会第十三次会议决议公告 1.天津长荣科技集团股份有限公司（以下简称"公司"）第六届监事会第十 三次会议通知于 2025 年 8 月 14 日以电子邮件形式向全体监事送达。 2.本次会议于 2025 年 8 月 27 日以通讯方式召开。 3.本次会议应出席监事 3 名，实际出席监事 3 名。 4.本次会议由监事会主席蔡连成先生主持。 5.本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司 章程的规定。 二、监事会会议审议情况 （一）审议并通过了《2025 年半年度报告》及《2025 年半年度报告摘要》 监事会认为：董事会编制和审核《2025 年半年度报告》及《2025 年半年度 报告摘要》的程序符合法律、行政法规和中国证监会的规定，报告的内容能够真 实、准确、完整地反映公司的实际情况。详见公司于同日在巨潮资讯网披露的 《2025 年半年度报告》（公告编号：2025-0 ...

第六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 证券代码：300195 证券简称：长荣股份 公告编号：2025-033 天津长荣科技集团股份有限公司 此项议案以 7 票赞同，0 票反对，0 票弃权获得通过。 三、备查文件 1.天津长荣科技集团股份有限公司（以下简称"公司"）第六届董事会第十 四次会议通知于 2025 年 8 月 14 日以电子邮件形式向全体董事送达。 2.本次会议于 2025 年 8 月 27 日以通讯方式召开。 3.本次会议应出席董事 7 人，实际出席董事 7 人。 4.本次会议由董事长李莉女士主持，公司监事和部分高级管理人员等列席本 次会议。 5.本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司 章程的规定。 二、董事会会议审议情况 （一）审议并通过了《2025 年半年度报告》及《2025 年半年度报告摘要》 董事会认为公司《2025 年半年度报告》及《2025 年半年度报告摘要》的编 制和审核程序符合法律、行政法规、中国证监会的规定和公司章程，报告的内容 能够真实、 ...

Financial Performance - Revenue for the current reporting period is ¥726,243,327.12, a decrease of 3.80% compared to the same period last year[20]. - Net profit attributable to shareholders is ¥5,024,719.34, representing a significant increase of 156.45% year-over-year[20]. - Operating cash flow for the current period is ¥33,069,797.34, an increase of 32.95% compared to the previous year[20]. - Total assets at the end of the reporting period amount to ¥6,388,978,095.97, reflecting a growth of 2.43% from the end of the previous year[20]. - The company achieved a basic earnings per share of ¥0.0119, up 156.67% from a loss of ¥0.0210 in the same period last year[20]. - The company's operating revenue for the reporting period was ¥726,243,327.12, a decrease of 3.80% compared to ¥754,896,972.91 in the same period last year[60]. - The company's operating costs decreased by 4.21% to ¥518,267,175.47 from ¥541,031,928.90 year-on-year[60]. - The company reported a net profit of 6,748,542.03 HKD from its subsidiary, Changrong Co., Ltd. (Hong Kong) during the reporting period[83]. - The company reported a total revenue of 7,819.1 million for the first half of 2025[148]. - The company reported a total liability of CNY 2,155,658,557.42, an increase of 13.9% from CNY 1,891,483,929.69 in the previous year[180]. Risk Factors - The company faces risks including industry risks and operational management risks, which are detailed in the report[5]. - The company faces industry risks, including product price decline due to intensified competition and macroeconomic factors, which could impact economic benefits[91]. - Rising raw material prices pose a risk to the company, affecting procurement costs and profit margins, necessitating enhanced supply chain management[92]. - The company is focusing on enhancing product quality and increasing technological investment to mitigate risks from geopolitical factors and global economic uncertainties[98]. - The company is actively pursuing international market expansion to mitigate risks associated with reliance on a single market[91]. Corporate Governance - The report confirms that all board members attended the meeting to review the semi-annual report[5]. - The company maintains a governance structure with a board of directors, supervisory board, and audit committee to ensure accountability and transparency[114]. - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[124]. - There were no violations regarding external guarantees during the reporting period, ensuring financial integrity[125]. - The company did not engage in any related party transactions during the reporting period[131]. Strategic Initiatives - The company is focused on expanding its high-end equipment manufacturing and digital solutions, aiming to lead the domestic printing industry[35]. - The company is investing in research and development for new energy technologies, with an allocated budget of 770 million RMB for the upcoming year[85]. - The company is focusing on new product development in intelligent printing technology, aiming for a market expansion in the next fiscal year[84]. - The company plans to enhance its market presence through strategic acquisitions and partnerships in the technology sector[84]. - The company has outlined plans for market expansion, particularly in the technology sector, to leverage new opportunities[146]. Subsidiaries and Joint Ventures - The company has a total of 14 wholly-owned subsidiaries and several joint ventures[12][13]. - The company’s subsidiaries are involved in various sectors, including international trade and technology consulting, contributing significantly to overall revenue[83]. - The company has extended its business into new energy and healthcare sectors, leveraging its experience in equipment manufacturing[36]. - The company established two wholly-owned subsidiaries to deepen its renewable energy strategy, with ongoing projects in Gansu and Shandong[46]. - The company’s revenue from its subsidiary Changrong Huaxin reached 36.96 million yuan, with new project investments of approximately 308 million yuan[50]. Research and Development - The company maintained a strong focus on R&D, launching 10 new products and achieving breakthroughs in 15 technical challenges[53]. - Research and development investment was ¥30,293,172.23, down 13.05% from ¥34,841,395.55 in the previous year[60]. - The company is actively involved in research and development of new technologies to maintain competitive advantage in the market[146]. - The company achieved a gross margin of 25.71% in its equipment manufacturing segment, which represents a 1.95% increase compared to the previous year[62]. - The company is investing in research and development for new product lines expected to launch in 2025[148]. Financial Management - The company has received multiple certifications, including ISO9001:2015 and ISO14001:2015, which have improved product quality and customer satisfaction[58]. - The company reported a significant decrease in financial expenses by 59.36% to ¥14,833,502.75, due to lower loan interest rates and increased foreign exchange gains[60]. - The company has a guarantee of 4,809.8 for Longrong Huaxin Financing Leasing Co., Ltd.[144]. - The company provided a joint liability guarantee for its wholly-owned subsidiary Mingxuan Smart City, securing a loan of RMB 900 million from Shanghai Pudong Development Bank[151]. - The company is committed to providing collateral guarantees for its financing arrangements, ensuring financial stability[146]. Market Trends - The domestic printing equipment industry is experiencing a shift towards smart, green, and international standards, with significant advancements in domestic production capabilities[29]. - The overall profit of the manufacturing industry increased by 4.5% in the first half of 2025, with specialized equipment manufacturing showing a profit growth of 4.4%[28]. - The global market distribution for printing-related products shows Asia at 46%, Europe at 22%, and North America at 18%[32]. - The company has seen a notable increase in market share for high-end printing packaging equipment, particularly in key sectors[29]. - The company aims to expand its customer base in the food, pharmaceutical, and high-end cosmetics packaging sectors, which may increase market development costs[95]. Social Responsibility - The company emphasizes a commitment to social responsibility, donating 10,000 RMB to the Red Cross Society and 2,000 RMB to another charity during the reporting period[120]. - The company is actively investing in environmental initiatives, focusing on green development and compliance with national carbon reduction strategies[121].

Core Insights - The stock price of Changrong Co., Ltd. (300195) closed at 7.83 yuan on August 14, 2025, down 2.85% with a turnover rate of 5.52% and a trading volume of 173,400 hands, amounting to 138 million yuan in transaction value [1] Financial Performance - For the first quarter of 2025, the company reported total operating revenue of 340 million yuan, a year-on-year decrease of 0.72% - The net profit attributable to shareholders was 4.58 million yuan, showing a year-on-year increase of 64.53% - The non-recurring net profit was 3.67 million yuan, reflecting a significant year-on-year growth of 601.81% - The current ratio stood at 1.260, the quick ratio at 0.770, and the debt-to-asset ratio at 54.28% [1] Company Background - Tianjin Changrong Technology Group Co., Ltd. was established in 1995 and is located in Tianjin, primarily engaged in the manufacturing of specialized equipment - The registered capital of the company is approximately 4.24 billion yuan, with a paid-in capital of 735 million yuan - The legal representative of the company is Li Li [1] Investment and Intellectual Property - The company has made investments in 26 enterprises and participated in 278 bidding projects - It holds 83 trademark registrations and 673 patent registrations, along with 82 administrative licenses [2]

金融界消息 截至2025年8月12日收盘，长荣股份（300195）报收于8.1元，下跌1.46%，换手率5.3%，成 交量16.62万手，成交金额1.35亿元。 通过天眼查大数据分析，天津长荣科技集团股份有限公司共对外投资了26家企业，参与招投标项目277 次，知识产权方面有商标信息83条，专利信息673条，此外企业还拥有行政许可82个。 来源：金融界 长荣股份最新一期业绩显示，截至2025一季报，公司营业总收入3.40亿元、同比减少0.72%，归属净利 润458.46万元，同比增长64.53%，扣非净利润367.29万元，同比增长601.81%，流动比率1.260、速动比 率0.770、资产负债率54.28%。 天眼查商业履历信息显示，天津长荣科技集团股份有限公司，成立于1995年，位于天津市，是一家以从 事专用设备制造业为主的企业。企业注册资本42370.7756万人民币，实缴资本7350万人民币。公司法定 代表人为李莉。 资金流向方面，今日主力资金净流出1483.78万元，占比成交额10.98%。其中，超大单净流出684.75万 元、占成交额5.07%，大单净流出799.03万元、占成交额5.91%，中 ...