证券代码：300575 证券简称：中旗股份 公告编号：2025-035 江苏中旗科技股份有限公司 关于控股股东、实际控制人部分股份质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： 股东名 称 持股数量 （股） 持股 比例 （%） 本次变动 前质押股 份数量 （股） 本次变动 后质押股 份数量 （股） 占其 所持 股份 比例 （%） 占公司 总股本 比例 （%） 已质押股份 情况 未质押股份 情况 已质 押股 份限 售和 冻结 数量 占已 质押 股份 比例 未质 押股 份限 售和 冻结 数量 占未 质押 股份 比例 吴耀军 135,915,312 28.49 55,500,000 82,500,000 60.70 17.30 0 0 0 0 张骥 26,730,000 5.60 0 0 0 0 0 0 0 0 合计 162,645,312 34.10 55,500,000 82,500,000 50.72 17.30 0 0 0 0 二、控股股东、实际控制人股份质押情况 （一）公司控股股东、 ...

Market Overview - The Shanghai Composite Index closed at 3870.60 points, slightly above the six-month moving average, with a change of -0.12% [1] - The total trading volume of A-shares reached 25,483.12 billion yuan [1] Stocks Breaking the Six-Month Line - A total of 50 A-shares have surpassed the six-month moving average today, with notable stocks including Shanghai Construction, Yihualu, and Runjian Shares, showing divergence rates of 9.89%, 9.08%, and 9.07% respectively [1] - Stocks with smaller divergence rates that just crossed the six-month line include Zhuhai Port, Zhongzhou Special Materials, and Nanjing Chemical Fiber [1] Top Performers - Shanghai Construction (600170) saw a price increase of 9.96% with a turnover rate of 6.20% and a divergence rate of 9.89% [1] - Yihualu (300212) increased by 10.90% with a turnover rate of 12.71% and a divergence rate of 9.08% [1] - Runjian Shares (002929) rose by 9.99% with a turnover rate of 10.76% and a divergence rate of 9.07% [1] Additional Notable Stocks - Other significant gainers include Huafu Times (600169) with a 10.08% increase and a divergence rate of 7.82%, and Shang (002042) with a 10.06% increase and a divergence rate of 7.70% [1] - The stock of Fule New Materials (605488) rose by 10.01% with a divergence rate of 6.93% [1] Stocks with Lower Divergence Rates - Stocks like Zhonghuan Hailu (301040) and Baitong Energy (001376) showed increases of 1.91% and 1.55% respectively, with divergence rates of 1.09% and 1.00% [2] - Longyuan Construction (600491) increased by 1.91% with a divergence rate of 0.97% [2]

格隆汇9月5日丨中旗股份(300575.SZ)在投资者互动平台表示，公司创制药的研发主要是新型绿色农 药，研发管道中有一批具有良好活性以及巨大市场潜力的创制产品，未来将逐步推进登记、产业化并上 市销售。公司很早就开展创制药研发，有着十余年的技术积累，进行了大量的研发投入，研发费用逐年 递增，每个创制药从启动登记到获批平均需要数千万元的成本和费用。 目前已有新型绿色水稻田除草 剂FG001完成新农药登记试验，正在进行新农药登记申请，新型绿色灭生性除草剂FG009、FG006和新 型绿色杀菌剂FG201均已完成中试验证，并启动了新农药登记试验。另有FG103，FG101，FG107等多 个创制产品即将陆续启动新农药登记试验，预计在2027年到2033年会有多个创制产品投产并上市销售， 给公司带来良好的增长。 ...

Core Viewpoint - The recent financial report of Zhongqi Co., Ltd. (300575) indicates a mixed performance with a significant increase in revenue but a drastic decline in net profit, raising concerns about the company's financial health and operational efficiency [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 reached 1.331 billion yuan, a year-on-year increase of 10.59% compared to 1.203 billion yuan in 2024 [1]. - The net profit attributable to shareholders was -60.54 million yuan, representing a year-on-year decline of 240.99% from a profit of 42.94 million yuan in 2024 [1]. - The gross margin decreased to 10.09%, down 43.16% from 17.75% in the previous year [1]. - The net margin turned negative at -4.53%, a significant drop of 221.00% from 3.74% in 2024 [1]. - The company's operating cash flow per share was -0.39 yuan, a decrease of 259.96% from 0.24 yuan in the previous year [1]. Accounts Receivable and Debt Analysis - Accounts receivable increased by 51.83%, rising from 438 million yuan to 665 million yuan, attributed to higher sales revenue in the second quarter [1][2]. - Interest-bearing liabilities rose by 46.83%, from 1.052 billion yuan to 1.545 billion yuan, indicating increased borrowing [1]. - The ratio of accounts receivable to profit reached 5671.45%, highlighting potential liquidity issues [4]. Expense and Cash Flow Insights - Total sales, management, and financial expenses amounted to 128 million yuan, accounting for 9.64% of revenue, an increase of 9.34% year-on-year [1]. - Financial expenses surged by 630.36%, primarily due to increased interest expenses from higher short-term loans and reduced foreign exchange gains [2]. - The net cash flow from operating activities decreased by 264.17%, driven by increased accounts receivable and reduced operating profit [2]. Business Model and Investment Considerations - The company's return on invested capital (ROIC) was 0.88%, indicating weak capital returns, with a historical median ROIC of 11.81% since its listing [4]. - The business model relies heavily on R&D, marketing, and capital expenditures, necessitating careful evaluation of capital projects and funding pressures [4]. - The cash flow situation is concerning, with cash and cash equivalents covering only 31.3% of current liabilities [4].

Core Viewpoint - Zhongqi Co., Ltd. reported a net profit loss of approximately 60.54 million yuan for the first half of 2025, marking the first half-year loss since its listing in 2016 [1] Financial Performance - In the first half of 2025, Zhongqi Co., Ltd. achieved an operating income of approximately 1.33 billion yuan, representing a year-on-year growth of 10.59% [1] - The net profit attributable to shareholders was approximately -60.54 million yuan, indicating a shift from profit to loss compared to the previous year [1] Business Overview - Zhongqi Co., Ltd. primarily focuses on the research, production, and sales of new, efficient, and low-toxicity pesticides [1]

Summary of Key Points Core Viewpoint - 中旗股份 (300575.SZ) released its 2025 semi-annual report, indicating a decline in institutional ownership and changes in fund holdings [1] Institutional Holdings - As of August 25, 2025, five institutional investors disclosed holdings in 中旗股份, totaling 13.9426 million shares, which represents 2.92% of the total share capital [1] - The institutional ownership decreased by 2.85 percentage points compared to the previous quarter [1] Public Fund Holdings - Two public funds were disclosed this period, including 嘉实沪港深精选股票 and 嘉实瑞成两年持有期混合A, with no new public funds reported compared to the previous quarter [1] Social Security Fund Holdings - One social security fund, 国泰基金管理有限公司-社保基金四二一组合, reported a decrease in holdings, with a reduction of 0.46% compared to the previous quarter [1] Foreign Investment - One new foreign institution, BARCLAYS BANK PLC, disclosed its holdings this period, indicating a continued interest from foreign investors [1]

Core Insights - The main revenue of Zhongqi Co., Ltd. for the first half of 2025 reached 1.331 billion yuan, representing a year-on-year increase of 10.59% [1] - The net profit attributable to shareholders was -60.54 million yuan, a significant decline of 240.99% year-on-year [1] - The company reported a gross profit margin of 10.09%, which is a decrease of 43.15% compared to the previous year [5] Financial Performance - In Q2 2025, the company's revenue was 802 million yuan, up 6.98% year-on-year [1] - The net profit for Q2 2025 was -26.44 million yuan, down 150.05% year-on-year [1] - The non-recurring net profit for Q2 2025 was -26.99 million yuan, a decline of 151.21% year-on-year [1][4] Debt and Financial Ratios - The company's debt ratio stood at 54.27% [1] - Financial expenses amounted to 14.62 million yuan [1] - Investment income was recorded at -0.11 million yuan [1] Earnings Per Share - The earnings per share (EPS) was -0.13 yuan, reflecting a year-on-year decrease of 244.44% [6] - The operating cash flow per share was -0.39 yuan, down 259.96% year-on-year [6] Shareholder Information - The largest shareholder, Wu Yaojun, holds 33.98 million shares, representing 9.91% of the total [10] - Other notable shareholders include Zhang Ji with 6.68 million shares (1.95%) and various trust funds and pension products [10][11]

Core Viewpoint - Jiangsu Zhongqi Technology Co., Ltd. plans to use idle self-owned funds not exceeding RMB 200 million for cash management by purchasing low-risk financial products to enhance fund utilization efficiency and return on investment [1][3]. Investment Overview - Investment Subject: The company and its subsidiaries [1]. - Investment Purpose: To rationally utilize idle self-owned funds for investment management [1]. - Investment Limit: Total investment in financial products will not exceed RMB 200 million, with funds being able to be rolled over within this limit [1][2]. Investment Characteristics - Investment Types: Focus on high safety, good liquidity, and low-risk financial products, excluding stocks, derivatives, securities investment funds, and other related investment types [2]. - Investment Duration and Authorization: Valid for one year from the date of board approval, with the chairman authorized to make investment decisions and sign relevant contracts [2]. - Source of Funds: Idle self-owned funds from the company and its subsidiaries [2]. - No Related Party Transactions: The company and its subsidiaries have no related relationships with the financial institutions providing the financial products [2]. Risk Control Measures - The financial manager is responsible for organizing the implementation, with the finance department handling specific operations [3]. - The company will analyze and monitor the investment products and take necessary measures to control investment risks if adverse factors are identified [3]. Impact on the Company - Utilizing idle self-owned funds for low-risk financial product investments will enhance the company's fund utilization efficiency and return on investment, without adversely affecting its production and operations [3][4]. Decision-Making Process - Board Approval: The cash management proposal was unanimously approved by all directors [3]. - Supervisory Board Approval: The supervisory board also agreed to the proposal, ensuring that it does not harm the interests of the company and its shareholders, especially minority shareholders [3].

Group 1 - The company, Zhongqi Co., reported that as of August 20, 2025, the total number of shareholders is 21,875 [1]

Group 1 - The company Zhongqi Co., Ltd. (300575) is progressing with the production of chlorantraniliprole, which is expected to commence in the fourth quarter of this year and gradually supply the market [1] - The company has already started discussions for customer orders in parallel with the production ramp-up [1]