Core Viewpoint - Jiangsu Changhai Composite Materials Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven by increased demand and improved operational efficiency [1][5]. Financial Performance - The company achieved operating revenue of CNY 1,455,565,195.53, an increase of 18.96% compared to CNY 1,223,613,834.75 in the same period last year [2][5]. - Net profit attributable to shareholders reached CNY 173,689,686.19, up 42.30% from CNY 122,057,694.81 [2][5]. - The net cash flow from operating activities improved significantly to CNY 65,258,667.03, a turnaround from a negative cash flow of CNY -134,109,033.04 [2][5]. Earnings Per Share - Basic earnings per share increased to CNY 0.43, reflecting a growth of 43.33% from CNY 0.30 [3]. - Diluted earnings per share also rose to CNY 0.42, compared to CNY 0.30 in the previous year [3]. Asset and Equity Growth - Total assets at the end of the reporting period were CNY 7,203,251,120.04, a slight increase of 1.16% from CNY 7,120,328,881.57 [3]. - Net assets attributable to shareholders grew to CNY 4,718,064,535.48, up 1.91% from CNY 4,629,708,318.70 [3]. Strategic Developments - The company is expanding its production capacity with the completion of a 60,000-ton high-performance glass fiber manufacturing base, which is expected to enhance its competitive edge [6]. - A share repurchase plan was executed, with a total amount of CNY 52,994,701.54 spent on repurchasing shares, aimed at implementing employee stock ownership plans [6]. Future Outlook - The company plans to continue focusing on its core business, enhancing operational efficiency, and optimizing product structure to drive future growth [7].

Core Viewpoint - The company has proposed a cash dividend distribution plan for the first half of 2025, aiming to reward shareholders while ensuring the company's long-term development and operational stability [1][2][3]. Summary by Sections 1. Profit Distribution Proposal - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares to all shareholders, totaling RMB 40,352,635.00 (including tax), based on a share base of 403,526,350 shares after repurchasing 5,190,199 shares [1][4]. - The proposal will not include stock dividends or capital reserve transfers to increase share capital [1][4]. 2. Approval Process - The proposal was approved in a series of meetings, including the first independent director meeting and the audit committee meeting, confirming its alignment with the company's operational needs and shareholder interests [2][3]. - The board of directors has agreed to submit the proposal for approval at the company's second extraordinary general meeting of 2025 [3]. 3. Financial Performance - For the first half of 2025, the company reported a net profit attributable to shareholders of RMB 173,689,686.19, with the parent company achieving a net profit of RMB 137,520,435.55 [3]. - As of June 30, 2025, the total distributable profit available to shareholders was RMB 2,384,402,197.42 [3]. 4. Compliance and Justification - The profit distribution plan complies with relevant laws and regulations, including the Company Law and the company's articles of association, ensuring it is legal, compliant, and reasonable [4][5]. - The plan considers the company's financial health, profitability, and future growth prospects, aiming to balance immediate and long-term shareholder interests [5].

Core Viewpoint - Jiangsu Changhai Composite Materials Co., Ltd. held its second board meeting of the sixth session on August 19, 2025, where several key resolutions were passed, including the approval of the 2025 semi-annual report, foreign exchange hedging business, investment of idle funds, profit distribution plan, and changes to the company’s registered address [1][2][3][4][5] Group 1: Financial Reports and Profit Distribution - The board unanimously approved the 2025 semi-annual report, confirming its compliance with relevant regulations and accuracy [1] - A profit distribution plan was proposed, which includes a cash dividend of RMB 1.00 per 10 shares, totaling RMB 40,352,635.00, based on a total share count of 403,526,350 shares after accounting for repurchased shares [4] Group 2: Risk Management and Investment Strategies - The company plans to engage in foreign exchange hedging to mitigate risks associated with currency fluctuations, particularly as its export business primarily operates in USD [2] - The board approved the use of up to RMB 50 million of idle funds for investment purposes, aiming to enhance the efficiency of fund utilization while ensuring that core business operations remain unaffected [3] Group 3: Corporate Governance and Structural Changes - The company will change its registered address to a specific location in Changzhou, Jiangsu Province, while the actual location remains unchanged [5] - A resolution was passed to convene the second extraordinary general meeting of 2025 on September 12, 2025, combining on-site and online voting methods [5]

证券代码：300196 证券简称：长海股份 公告编号：2025-063 债券代码：123091 债券简称：长海转债 江苏长海复合材料股份有限公司 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。 江苏长海复合材料股份有限公司（以下简称"公司"）第六届董事会第二次会 议决定于 2025 年 9 月 12 日召开公司 2025 年第二次临时股东会，本次股东会将采取 现场投票与网络投票相结合的方式召开，现将本次股东会有关事项通知如下： 一、召开会议的基本情况 召开公司 2025 年第二次临时股东会的议案》，本次会议的召集程序符合有关法律、 行政法规、部门规章、规范性文件和公司章程等的规定。 （1）现场会议召开时间：2025 年 9 月 12 日（星期五）下午 14：30 （2）网络投票的时间：2025 年 9 月 12 日（星期五） 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 9 月 统开始投票的时间为：2025 年 9 月 12 日上午 9：15 至 2025 年 9 月 12 日下午 15： （1）现场投票：股东本人出席现场会议或者通过 ...

2024年1至12月份，长海股份的营业收入构成为：玻璃纤维及相关占比75.67%，精细化工占比24.33%。 长海股份（SZ 300196，收盘价：16.66元）8月19日晚间发布公告称，2025年8月19日，公司第六届董事 会第二次会议审议通过了《关于使用闲置自有资金进行投资理财的议案》，同意公司使用额度不超过人 民币5亿元的闲置自有资金进行投资理财。在上述额度内，资金可以滚动使用。自公司董事会审议通过 之日起12个月内有效。 （文章来源：每日经济新闻） ...

（文章来源：每日经济新闻） 长海股份（SZ 300196，收盘价：16.66元）8月19日晚间发布半年度业绩报告称，2025年上半年营业收 入约14.56亿元，同比增加18.96%；归属于上市公司股东的净利润约1.74亿元，同比增加42.3%；基本每 股收益0.43元，同比增加43.33%。 ...

Core Insights - Changhai Co., Ltd. (300196.SZ) reported a revenue of 1.456 billion RMB for the first half of 2025, representing a year-on-year increase of 18.96% [1] - The net profit attributable to shareholders of the listed company was 174 million RMB, showing a year-on-year growth of 42.30% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 178 million RMB, reflecting a year-on-year increase of 52.52% [1] - The basic earnings per share were 0.43 RMB [1] - The company proposed a cash dividend of 1.00 RMB (including tax) for every 10 shares to all shareholders [1]

Core Viewpoint - Changhai Co. reported a revenue of 1.456 billion RMB for the first half of 2025, representing a year-on-year growth of 18.96% [1] - The net profit reached 174 million RMB, showing a year-on-year increase of 42.30% [1] - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, totaling 40.35 million RMB [1] Financial Performance - Revenue for the first half of 2025: 1.456 billion RMB, up 18.96% year-on-year [1] - Net profit for the same period: 174 million RMB, up 42.30% year-on-year [1] Dividend Distribution - Total shares after accounting for repurchased shares: 404 million [1] - Cash dividend proposed: 1 RMB per 10 shares, totaling 40.35 million RMB [1] - No stock dividends or capital reserve transfers planned [1]

江苏长海复合材料股份有限公司 章 程 中国·常州 二○二五年四月 第二条 江苏长海复合材料股份有限公司（以下简称"公司"）系依照《公司法》 和其他有关规定成立的股份有限公司。公司由原常州市长海玻纤制品有限公司依 法整体变更设立。2009 年 7 月 30 日，公司领取江苏省常州工商行政管理局核发的 注册号为 320483000062432 号《企业法人营业执照》。 | 第一章 | 总 则 2 | | --- | --- | | 第二章 | 经营宗旨和范围 3 | | 第三章 | 股 份 3 | | 第一节 | 股份发行 3 | | 第二节 | 股份增减和回购 5 | | 第三节 | 股份转让 7 | | 第四章 | 股东和股东会 8 | | 第一节 | 股东的一般规定 8 | | 第四节 | 股东会的召集 15 | | 第五节 | 股东会的提案与通知 16 | | 第六节 | 股东会的召开 17 | | 第六节 | 股东会的表决和决议 20 | | 第五章 | 董事和董事会 24 | | 第一节 | 董事的一般规定 24 | | 第二节 | 董事会 28 | | 第三节 | 独立董事 33 | | 第四节 | ...

| 证券代码：300196 | 证券简称：长海股份 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：123091 | 债券简称：长海转债 | | 2、已履行的审议程序：2025 年 8 月 19 日，公司召开了第六届董事会第二次会议，审议通 过了《关于开展外汇套期保值业务的议案》，公司第六届董事会独立董事专门会议第一次会议对 该议案进行了审核并发表了同意的审核意见。本议案无需提交公司股东会审议。 3、风险提示：公司及子公司开展外汇套期保值业务遵循锁定汇率、利率风险原则，不进行 单纯以盈利为目的的外汇套期保值业务，但在外汇套期保值业务开展过程中仍存在一定的风险， 包括但不限于市场风险、内部控制风险、信用风险、法律风险等。 江苏长海复合材料股份有限公司（以下简称"公司"）于 2025 年 8 月 19 日召开 了第六届董事会第二次会议，审议通过了《关于开展外汇套期保值业务的议案》，同 意公司及子公司开展外汇套期保值业务，业务规模为在任一时点总持有量不超过 5,000 万美元，并授权公司管理层行使该项业务决策权及全权办理与本次外汇套期保 值业务相关事宜，包括但不限于签署相关 ...