Group 1: Financial Performance - The company's revenue for the first half of 2025 increased by 18.45% year-on-year, while net profit rose by 8.1%. After excluding the impact of the 2024 restricted stock incentive plan, net profit increased by 16.76% [2][3] - The overall gross profit margin for the first half of 2025 was 44.03%, a decrease of 3.11% compared to the previous year [5] Group 2: Business Segments Performance - The mechanical sealing segment saw stable revenue growth in the existing market, with international market revenue exceeding 85 million yuan, reflecting a year-on-year increase of slightly over 10% [3] - The rubber and plastic sealing segment, represented by subsidiary Youtaike, generated revenue of approximately 74.26 million yuan, maintaining stability with a net profit increase of 13.04% year-on-year [3] - The special pumps and valves segment reported steady performance, with significant orders secured in various markets, indicating a positive outlook for the year [4] Group 3: International Business Outlook - The company anticipates continued growth in international business, with a notable increase in order volume and brand recognition in recent years. However, the growth rate may slow compared to previous years due to the larger scale of international operations [4] Group 4: Order Status - The company maintains a high level of orders on hand, although the growth rate of these orders has slowed compared to previous years. The proportion of incremental business is slightly higher than that of existing business [5]

Financial Performance - The company reported a total revenue of 858 million yuan for the first half of 2025, representing an increase of 18.45% year-on-year [1] - The net profit attributable to shareholders reached 187 million yuan, up 8.1% compared to the previous year [1] - In Q2 2025, total revenue was 447 million yuan, showing a year-on-year increase of 15.38%, while net profit for the same period was approximately 93.13 million yuan, up 2.85% [1] - The gross margin decreased to 44.03%, down 6.6% year-on-year, and the net margin fell to 21.89%, down 8.73% [1] - The company's accounts receivable reached 795.67 million yuan, which is 202.46% of the net profit, indicating a significant amount of receivables relative to profit [1][3] Key Financial Ratios - The company's return on invested capital (ROIC) was 14.81%, indicating strong capital returns [3] - The historical median ROIC since the company went public is 14.44%, suggesting consistent investment returns [3] - The total of selling, administrative, and financial expenses was 126 million yuan, accounting for 14.66% of revenue, a decrease of 3.49% year-on-year [1] Shareholder Information - The largest fund holding shares in the company is HSBC Jintrust Value Pioneer Stock A, with 118,900 shares, which has seen a recent increase in value [4] - The fund's current scale is 179 million yuan, with a net value of 2.1605 as of August 29, showing a 57.15% increase over the past year [4] Business Development - The company is involved in the Yarlung Tsangpo River downstream hydropower project, with its subsidiaries providing sealing products and valves for various applications in the hydropower sector [5] - The company has a strong position in the market for sealing materials and valves, particularly in large machinery and hydropower projects [5] - The impact of the Yarlung Tsangpo project on the company's overall performance is expected to be positive but limited due to the long project cycle and uncertainty regarding order volumes [5]

Core Viewpoint - The company has proposed a profit distribution plan for the first half of 2025, which includes a cash dividend of 5 yuan per 10 shares, amounting to a total of approximately 103.98 million yuan, reflecting a commitment to shareholder returns while maintaining compliance with regulatory guidelines [1][2][3]. Group 1: Profit Distribution Proposal - The company achieved a net profit attributable to shareholders of 187,483,925.60 yuan for the first half of 2025, with a retained profit balance of 1,659,217,744.00 yuan after accounting for previous cash dividends [1]. - The proposed cash dividend of 5 yuan per 10 shares is based on a total share capital of 207,961,737 shares, resulting in an estimated total cash distribution of 103,980,868.5 yuan [2]. - The cash dividend represents 55.46% of the net profit attributable to shareholders and 8.88% of the total distributable profits as of June 30, 2025 [3]. Group 2: Compliance and Legitimacy - The profit distribution plan complies with relevant regulations, including the "Guidelines for Cash Dividends of Listed Companies" and the company's own articles of association, ensuring it does not exceed the net profit or the retained earnings limit [3]. - The plan is designed to align with the company's operational performance and growth potential, ensuring it does not adversely affect the company's debt repayment ability or future development [3]. - The company has taken measures to control insider information and prevent leaks prior to the announcement of the profit distribution plan [4].

Core Insights - The company reported a total revenue of 858 million yuan, marking a year-on-year increase of 18.45% and achieving five consecutive years of growth [1] - The net profit attributable to shareholders reached 187 million yuan, reflecting an increase of 14.05 million yuan compared to the same period last year, also achieving five consecutive years of growth with a year-on-year increase of 8.10% [1] - The company’s operating cash flow was 46.27 million yuan, ranking 68th among peers [1] Financial Ratios - The latest debt-to-asset ratio stands at 15.57%, a decrease of 0.30 percentage points from the same period last year, ranking 34th among peers [3] - The gross profit margin is reported at 44.03%, ranking 31st among peers [4] - The return on equity (ROE) is 6.73%, ranking 28th among peers [4] Earnings and Efficiency - The diluted earnings per share (EPS) is 0.91 yuan, an increase of 0.07 yuan from the previous year, achieving five consecutive years of growth with a year-on-year increase of 8.21% [5] - The total asset turnover ratio is 0.26 times, an increase of 0.02 times from the previous year, achieving three consecutive years of growth with a year-on-year increase of 10.06% [5] - The inventory turnover ratio is 1.01 times, reflecting an increase of 0.12 times from the previous year, achieving three consecutive years of growth with a year-on-year increase of 13.02% [5]

每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 （记者 张喜威） 2024年1至12月份，中密控股的营业收入构成为：装备制造业(主机厂)占比41.97%，石油化工占比 23.65%，橡塑密封行业占比11.47%，特种阀门行业占比8.93%，煤化工占比7.71%，其他占比6.26%。 每经AI快讯，中密控股（SZ 300470，收盘价：39.12元）8月29日发布公告称，公司第六届第七次董事 会会议于2025年8月27日以现场会议的方式召开。会议审议了《关于2025年半年度利润分配预案的议 案》等文件。 ...

中密控股股份有限公司 信息披露暂缓与豁免管理制度 第一章 总则 第一条 为规范中密控股股份有限公司（以下简称"公司"）及与公司相关 的其他信息披露义务人的信息披露暂缓与豁免行为，保护公司和投资者合法权益， 根据《中华人民共和国保守国家秘密法》《中华人民共和国证券法》《上市公司信 息披露暂缓与豁免管理规定》《深圳证券交易所创业板股票上市规则》《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相关法律 法规、部门规章、规范性文件的规定，制定本制度。 第二条 公司及控股子公司和其他信息披露义务人按照相关规定办理信息披 露暂缓、豁免业务的，适用本制度。 第三条 本制度所称"国家秘密""商业秘密"根据《中华人民共和国保守国 家秘密法》《中华人民共和国反不正当竞争法》等确定。 第七条 公司及相关信息披露义务人暂缓、豁免披露商业秘密后，出现下列 情形之一的，应当及时披露： （一）暂缓、豁免披露原因已消除； 第四条 公司和其他信息披露义务人应自行审慎判断应当披露的信息是否适 用相关规定中的暂缓、豁免情形，并采取有效措施防止暂缓或豁免披露的信息泄 露，接受中国证监会、深圳证券交易所对有关信息披露暂缓 ...

Core Insights - The company Zhongmi Holdings (300470.SZ) reported a revenue of 858 million yuan for the first half of 2025, representing a year-on-year growth of 18.45% [1] - The net profit attributable to shareholders of the listed company was 187 million yuan, showing an increase of 8.10% year-on-year [1] Financial Performance - Revenue: 858 million yuan, up 18.45% year-on-year [1] - Net Profit: 187 million yuan, up 8.10% year-on-year [1]

证券代码：300470 证券简称：中密控股 公告编号：2025-034 中密控股股份有限公司 2025年半年度报告披露的提示性公告 完整，没有虚假记载、误导性陈述或重大遗漏。 中密控股股份有限公司（以下简称"公司"）于2025年8月27日召开第六届 董事会第七次会议，审议通过了《关于<2025年半年度报告>全文及其摘要的议案》。 为使投资者全面了解公司的经营成果、财务状况等相关情况，公司《2025 年半年度报告》及《2025年半年度报告摘要》于2025年8月29日在中国证监会指 定创业板信息披露媒体巨潮资讯网（http://www.cninfo.com.cn）披露，请投资 者注意查阅。 特此公告。 中密控股股份有限公司董事会 二〇二五年八月二十八日 本公司及董事会全体成员保证信息披露的内容真实、准确、 ...

中密控股股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 四川省机械研 | | 实际控制 | | | | | | | 销 售 商 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 究设计院（集 | | 人 | 应收账款 | - | 0.25 | - | 0.25 | - | 品、提供 | 经营性往来 | | 控股股东、实际 | 团）有限公司 | | | | | | | | 劳务 | | | 控制人及其附 | 四川省机械研 究设计院（集 | 实际控制 | 预付账款 | | | | | | 采 购 服 | | | 属企业 | | 人 | | | 0.38 | - | - | 0.38 | 务 | 经营性往来 | | 团）有限公司 | | | | | | | | | | | | 小计 | | | | | 0.63 | - | 0.25 | 0.38 | | | | 四川日机密封 | 件有限责任公 | 子公司 | 应收账款 | | | | | | 销 售 商 品、提供 | 经营性往来 | ...

证券代码：300470 证券简称：中密控股 公告编号：2025-039 上述专利的取得不会对公司目前经营产生重大影响，但有利于巩固和保持公 司技术优势，提升公司的核心竞争力。 特此公告。 中密控股股份有限公司董事会 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。 中密控股股份有限公司（以下简称"中密控股"或"公司"）于近日收到由 中华人民共和国国家知识产权局颁发的1项专利证书，获得形式为原始取得，所 涉及技术与公司主要技术相关，具体情况如下： | 序 号 | 名称 | | | 类型 | 专利号 | | 专利权人 | 申请日 | | 期 限 （年） | 授权公告日 | | | 备注 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 实用 新型 | | | 中密控股 | 2024 09月13 | 年 | 10 | | | 月 | 证书号第 | | 1 | 电 动 增 | 压 | 回 | | ZL 2024 | ...