Core Insights - Han Yu Group (300403.SZ) reported a total operating revenue of 572 million yuan for the first half of 2025, marking an increase of 20.03 million yuan compared to the same period last year, achieving a 3.63% year-on-year growth [1] - The net profit attributable to shareholders reached 117 million yuan, an increase of 514,500 yuan year-on-year, reflecting a 0.44% growth compared to the same period last year [1] - The net cash inflow from operating activities was 114 million yuan, up by 3.32% year-on-year, with an increase of 3.66 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio stands at 15.26%, a decrease of 1.26 percentage points from the previous quarter and a reduction of 2.76 percentage points year-on-year [3] - The latest gross profit margin is 33.56% [3] - The return on equity (ROE) is reported at 5.55% [3] Earnings Per Share and Turnover - The diluted earnings per share remained stable compared to the same period last year, with a year-on-year increase of 0.41% [3] - The total asset turnover ratio is 0.23 times, while the inventory turnover ratio is 1.52 times, which is an increase of 0.02 times year-on-year, reflecting a 1.44% growth [3] Shareholder Information - The number of shareholders is 61,400, with the top ten shareholders holding a total of 257 million shares, accounting for 42.54% of the total share capital [3] - The top shareholders include Shi Huashan with 34.3 million shares, Shi Lei with 3.05 million shares, and Wu Geming with 1.68 million shares [3]

Core Viewpoint - The company has reported stable operational performance and steady growth in its financial results for the first half of 2025, with a slight increase in revenue and profit metrics [5]. Financial Performance - The company achieved operating revenue of 572.37 million yuan, representing a year-on-year increase of 3.63% [5]. - Operating profit reached 140.98 million yuan, reflecting a year-on-year growth of 3.28% [5]. - The net profit attributable to shareholders of the listed company was 117.30 million yuan, which is a year-on-year increase of 0.44% [5]. Shareholder Information - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period [4][5]. - There are no preferred shareholders or changes in the number of preferred shareholders reported for the period [4][5]. Dividend Distribution - The board of directors approved a profit distribution plan, proposing a cash dividend of 0.50 yuan per 10 shares (including tax), with no bonus shares issued [3].

Financial Performance - The company reported total revenue of 572 million yuan for the first half of 2025 [1] - The net profit attributable to shareholders was 117 million yuan [1] - The net cash inflow from operating activities was 114 million yuan [1] Key Financial Ratios - The latest debt-to-asset ratio stands at 15.26% [3] - The gross profit margin is 33.56%, which is a decrease of 0.06 percentage points from the previous quarter and a decrease of 1.31 percentage points year-on-year [3] - The return on equity (ROE) is 5.55%, down by 0.56 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.19 yuan [3] - The total asset turnover ratio remained flat year-on-year, with a decline of 1.66% compared to the previous year [3] - The inventory turnover ratio is 1.52 times [3] Shareholder Information - The number of shareholders is 61,400, with the top ten shareholders holding a total of 257 million shares, accounting for 42.54% of the total share capital [3] - The largest shareholder, Shi Huashan, holds 34.33% of the shares [3]

Core Insights - Han Yu Group (300403.SZ) released its semi-annual report for 2025 on August 16, 2025, indicating a total of 2 institutional investors holding shares, amounting to 1.5149 million shares, which represents 0.25% of the total share capital [1] - The institutional holding ratio decreased by 0.76 percentage points compared to the previous quarter [1] - One new public fund, Jin Yuan Shun An Xin Yi Mixed Initiated A, was disclosed during this period, while foreign institutions such as UBS AG and Morgan Stanley & Co. International PLC were not disclosed compared to the previous quarter [1]

Core Viewpoint - Hanyu Group has reported a revenue increase of 3.63% in the first half of 2025, driven by its leading position in the household appliance drainage pump market and expansion into new business areas such as smart water therapy toilets and electric vehicle components [1][4][5]. Company Overview and Financial Indicators - Hanyu Group's total assets at the end of the reporting period amounted to approximately 2.49 billion yuan, reflecting a 1.42% increase from the previous year [2]. - The net profit attributable to shareholders was approximately 117.30 million yuan, a slight increase of 0.44% compared to the same period last year [1][2]. - The company has a basic earnings per share of 0.1945 yuan, up by 0.41% year-on-year [1]. Business Operations - The main business of Hanyu Group is the research, production, and sales of energy-efficient household appliance drainage pumps, with a market share ranking among the top in the industry [3][4]. - The company has established a strong customer base, including major brands like Whirlpool, Haier, and Samsung, and maintains long-term cooperative relationships with them [4][6]. - Hanyu Group is actively promoting new business segments, including smart water therapy toilets and components for electric vehicles, to create new profit growth points [4][5]. Financial Performance - The company's revenue from household appliance components reached approximately 51.22 million yuan, accounting for 89.48% of total revenue [3]. - The gross profit margin for household appliance components was reported at 34.03%, with a slight decrease of 3.06% compared to the previous year [8]. - The company’s operating cash flow for the reporting period was approximately 113.97 million yuan, reflecting a 3.32% increase year-on-year [7]. Competitive Advantages - Hanyu Group has been recognized as a national high-tech enterprise, with a strong focus on research and development, holding 629 authorized patents [5][7]. - The company has a robust quality management system, certified by ISO9001:2015 and IATF16949, ensuring high product quality and customer satisfaction [6][7]. - Hanyu Group's strategic partnerships with leading appliance manufacturers enhance its market position and sales network [6][7].

Core Viewpoint - Hanyu Group reported stable business operations and steady growth in performance for the first half of 2025, with a slight increase in revenue and net profit compared to the previous year [5]. Financial Performance - The company's operating revenue for the reporting period was CNY 572,369,757.70, representing a 3.63% increase from CNY 552,340,641.20 in the same period last year [3]. - The net profit attributable to shareholders was CNY 117,302,114.44, a 0.44% increase from CNY 116,787,594.86 year-on-year [3]. - The net profit after deducting non-recurring gains and losses was CNY 113,305,310.80, showing a decrease of 1.91% from CNY 115,517,376.47 [3]. - The net cash flow from operating activities was CNY 113,966,668.55, up by 3.32% from CNY 110,304,235.37 [3]. - Basic earnings per share were CNY 0.1945, reflecting a 0.41% increase from CNY 0.1937 [3]. Asset and Equity Position - Total assets at the end of the reporting period amounted to CNY 2,492,476,214.90, a 1.42% increase from CNY 2,457,590,083.12 at the end of the previous year [3]. - The net assets attributable to shareholders were CNY 2,112,172,867.17, which is a 5.13% increase from CNY 2,009,092,719.94 [3]. Shareholder Information - The largest shareholder, Shi Huashan, holds 34.33% of the shares, with a total of 207,006,599 shares, of which 160,033,479 are under pledge [4]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period [5].

Group 1 - The company held its 13th meeting of the 5th Board of Directors on August 15, 2025, where the 2025 semi-annual profit distribution plan was approved with 9 votes in favor [1] - The company reported a net profit of 129,081,598.22 yuan for the first half of 2025, with cumulative undistributed profits of 934,648,894.98 yuan in the consolidated financial statements and 1,032,023,959.93 yuan in the parent company [1] - The proposed cash dividend distribution amounts to 30,150,000 yuan (including tax), with no stock dividends or capital reserve transfers [2] Group 2 - The profit distribution plan aligns with relevant regulations and considers reasonable returns for investors, ensuring that it does not adversely affect the company's liquidity [2] - The plan is subject to approval at the company's first extraordinary general meeting of shareholders in 2025, introducing an element of uncertainty [2]

Group 1 - The fifth meeting of the board of directors of Hanyu Group Co., Ltd. was held on August 15, 2025, with all nine directors present and participating in the voting [1] - The board approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's operational status without any false statements or omissions [1][2] - The board also approved a profit distribution plan for the first half of 2025, proposing a cash dividend of 30,150,000 yuan (including tax), with no stock dividends or capital reserve transfers [2] Group 2 - The company plans to revise certain provisions of its articles of association and will seek authorization from the shareholders' meeting to handle related matters [2][3] - Various governance documents and systems are to be revised, including the shareholder return plan and the remuneration and assessment committee's working rules [3][4] - The board agreed to reappoint the accounting firm Zhihong for the 2025 financial audit and internal control audit, with the authorization to negotiate audit fees based on actual business conditions [4][5]

Meeting Overview - The fifth session of the Supervisory Board of Hanyu Group was held on August 15, 2025, via telecommunication voting, chaired by Mr. Cao Yang, with all three participating supervisors voting [1] - The meeting was legally convened in accordance with the Company Law of the People's Republic of China and the company's articles of association [1] Financial Report Review - The Supervisory Board reviewed and approved the procedures for the preparation and review of the company's 2025 semi-annual report, confirming that the report accurately reflects the company's actual situation without any false records or misleading statements [1] Profit Distribution Plan - The company plans to distribute a cash dividend of 30,150,000 yuan (including tax) based on the total share capital as of June 30, 2025, with no stock dividends or capital reserve transfers [2] - The Supervisory Board agreed that the profit distribution plan aligns with the company's financial situation and investor interests, and it will be submitted for approval at the first extraordinary general meeting of shareholders in 2025 [2] Amendments to Company Regulations - The Supervisory Board approved amendments to the company's articles of association and the corresponding repeal of the Supervisory Board's rules, which comply with the latest legal regulations and enhance corporate governance [3] - The revised three-year shareholder return plan (2025-2027) will also be submitted for shareholder approval [3] Auditor Appointment - The Supervisory Board agreed to reappoint the accounting firm Zheng Tong as the company's financial auditor for the 2025 fiscal year, affirming its professional competence to conduct the audit [3]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders for the year 2025 on September 2, 2025, at 14:00 [1] - The meeting will allow for both on-site and online voting, with specific time slots for each [1][2] - Shareholders must register to attend the meeting, with different requirements for individual and corporate shareholders [4][5] Voting Procedures - Shareholders can only choose one voting method: either on-site or online [2] - Voting will be conducted as non-cumulative voting, and the first voting result will prevail in case of duplicate votes [7][8] - Detailed procedures for online voting are provided, including the need for identity verification [7] Agenda Items - The meeting will review several proposals, including the revision of the "Three-Year Shareholder Return Plan (2025-2027)" [4][9] - Proposals will be subject to separate counting for small investors, defined as those holding less than 5% of shares [4] Registration Details - Shareholders can register via mail, email, or fax, with a deadline of September 1, 2025 [5] - Specific documentation is required for both individual and corporate shareholders to complete the registration process [4][5]