Market Overview - The personal care products sector experienced a decline of 0.39% on September 10, with Dengkang Oral Care leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable stock performances include: - Yanjing Co. (300658) rose by 7.47% to a closing price of 8.06, with a trading volume of 506,100 shares and a turnover of 412 million [1] - Jieya Co. (301108) increased by 2.01% to 32.98, with a trading volume of 25,700 shares and a turnover of 83.7 million [1] - Liangmian Needle (600249) saw a rise of 1.21% to 6.69, with a trading volume of 1,118,000 shares and a turnover of 745 million [1] - Dengkang Oral Care (001328) fell by 2.24% to 40.62, with a trading volume of 17,500 shares and a turnover of 71.3 million [2] Capital Flow - The personal care products sector saw a net outflow of 18.51 million from institutional investors, while retail investors contributed a net inflow of 33.14 million [2] - The capital flow for key stocks includes: - Liangmian Needle had a net inflow of 22.12 million from institutional investors, but a net outflow of 16.05 million from retail investors [3] - Yanjing Co. experienced a net inflow of 3.64 million from institutional investors and a net outflow of 14.09 million from retail investors [3] - Dengkang Oral Care had a net outflow of 1.05 million from institutional investors and a net outflow of 2.16 million from retail investors [3]

Market Overview - The personal care products sector rose by 2.89% on September 4, with Jieya Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Jieya Co., Ltd. (301108) closed at 34.40, up 13.16% with a trading volume of 72,700 shares and a turnover of 243 million yuan [1] - Yiyi Co., Ltd. (001206) closed at 26.72, up 10.00% with a trading volume of 131,800 shares and a turnover of 342 million yuan [1] - Dengkang Oral Care (001328) closed at 43.55, up 7.40% with a trading volume of 53,000 shares and a turnover of 226 million yuan [1] - Other notable performers include Ziya Co., Ltd. (003006) up 5.13%, and Liangmian Needle (600249) up 3.29% [1] Capital Flow - The personal care products sector saw a net inflow of 56.24 million yuan from institutional investors, while retail investors experienced a net outflow of 6.89 million yuan [2] - The main capital inflow was observed in Yiyi Co., Ltd. with 64.76 million yuan, while the largest outflow was from Jieya Co., Ltd. with 22.08 million yuan [3] Individual Stock Analysis - Jieya Co., Ltd. had a main capital inflow of 3.69 million yuan, but retail investors showed a net outflow of 22.07 million yuan [3] - Dengkang Oral Care experienced a net outflow of 4.13 million yuan from main capital, while retail investors had a net inflow of 14.52 million yuan [3] - Ziya Co., Ltd. had a net inflow of 3.36 million yuan from main capital, with a slight outflow from retail investors [3]

Market Overview - The personal care products sector experienced a decline of 1.87% on September 1, with Haoyue Care leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Notable stock performances include: - Yiyi Co., Ltd. (001206) closed at 25.98, up 2.81% with a trading volume of 91,800 shares and a turnover of 238 million yuan [1] - Haoyue Care (605009) closed at 36.35, down 10.00% with a trading volume of 111,800 shares and a turnover of 408 million yuan [2] - Zhongshun Jierou (002511) closed at 8.64, down 1.48% with a trading volume of 186,900 shares and a turnover of 162 million yuan [2] Capital Flow - The personal care products sector saw a net outflow of 147 million yuan from institutional investors, while retail investors experienced a net inflow of 98.24 million yuan [2] - The capital flow for individual stocks shows: - Ziya Co., Ltd. (003006) had a net inflow of 6.03 million yuan from institutional investors [3] - Haoyue Care (605009) had a significant net outflow of 622.31 million yuan from institutional investors [3]

为满足部分向特定对象发行股票闲置募集资金现金管理需要，厦门延江新材 料股份有限公司 （以下简称"公司"）在中国建设银行股份有限公司厦门同安支 行开立了募集资金购买现金管理产品专用结算账户（账号：35150198120100003 973），用于暂时闲置的募集资金在中国建设银行股份有限公司厦门同安支行进 行现金管理时的转账、结算。公司在中国建设银行股份有限公司厦门同安支行进 行现金管理的具体内容详见 2023 年 5 月 16 日公司于中国证券监督管理委员会创 业板指定信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上发布的厦门延 江新材料股份有限公司《关于使用部分向特定对象发行股票闲置募集资金购买理 财产品的进展公告》。 二、本次募集资金现金管理专用结算账户的注销情况 鉴于公司"年产 20,000 吨纺粘热风无纺布项目"、"年产 37,000 吨擦拭无 纺布项目"建设已终止，公司在中国建设银行股份有限公司厦门同安支行的募集 资金现金管理产品（大额存单）已转让，募集资金已转回新募集资金投资项目专 户（用于永久补充流动资金或将用于新募集资金投资项目），该结算账户无进一 步购买现金管理产品 ...

Core Viewpoint - The financial performance of Yanjiang Co., Ltd. (300658) for the first half of 2025 shows a significant increase in revenue but a decline in net profit, indicating potential challenges in profitability despite sales growth [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 843 million yuan, a year-on-year increase of 26.71% compared to 665 million yuan in 2024 [1]. - Net profit attributable to shareholders was 25.84 million yuan, down 7.14% from 27.83 million yuan in the previous year [1]. - The second quarter revenue was 407 million yuan, reflecting a 16.05% increase year-on-year, while net profit for the same period was 14.73 million yuan, a decrease of 20.89% [1]. - Gross margin decreased to 15.35%, down 25.29% year-on-year, and net margin fell to 3.20%, down 29.26% [1][4]. - Total accounts receivable increased by 42.25% year-on-year, reaching 365 million yuan [1]. Cash Flow and Debt Analysis - Operating cash flow per share improved by 32.52% to 0.29 yuan, attributed to increased sales and a shorter overall collection cycle [3]. - The net cash increase from operating activities rose by 82.43%, indicating stronger cash generation capabilities [3]. - The company’s interest-bearing debt increased slightly by 2.39% to 1.024 billion yuan, with a debt-to-asset ratio of 37.52% [4]. Business Model and Investment Returns - The company's return on invested capital (ROIC) was 2.72%, indicating weak capital returns, with a historical median ROIC of 15.18% since its listing [4]. - The net profit margin was reported at 2.03%, suggesting low added value in products or services [4]. - The company relies heavily on R&D, marketing, and capital expenditures, necessitating careful evaluation of capital spending projects [4].

Market Overview - The personal care products sector experienced a decline of 3.06% on August 27, with Yanjiang Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable stock performances include: - Yiyi Co., Ltd. (001206) closed at 24.93, up 0.56% with a trading volume of 59,600 shares [1] - Beijia Co., Ltd. (603059) closed at 31.23, down 1.39% with a trading volume of 25,300 shares [1] - Stable Medical (300888) closed at 40.95, down 2.27% with a trading volume of 109,700 shares [1] - Zhongshun Jierou (002511) closed at 8.55, down 4.26% with a trading volume of 253,900 shares [1] Capital Flow - The personal care products sector saw a net outflow of 94.86 million yuan from institutional investors, while retail investors had a net inflow of 86.75 million yuan [2] - The capital flow for individual stocks indicates: - Yiyi Co., Ltd. had a net inflow of 22.41 million yuan from institutional investors [3] - Yanjiang Co., Ltd. experienced a net outflow of 5.38 million yuan from institutional investors [3] - Zhongshun Jierou had a net inflow of 17.37 million yuan from retail investors despite a net outflow from institutional investors [3]

Core Viewpoint - Xiamen Yanjing New Materials Co., Ltd. reported a revenue of 843 million yuan for the first half of 2025, marking a year-on-year increase of 26.71%, while the net profit attributable to shareholders decreased by 7.14% to 25.84 million yuan [1] Group 1 - The company specializes in the research, production, and sales of surface materials for disposable hygiene products, with key products including 3D perforated non-woven fabric and PE perforated film [1] - The company has established strong partnerships with numerous well-known domestic and international brands, positioning itself as one of the few suppliers entering the high-end product field of downstream customers [1] - The company maintained large enterprise clients through continuous innovation and a good reputation, actively seizing market opportunities from global brand customer product upgrades [1][2] Group 2 - The company is focused on deepening its presence in both domestic and international markets, implementing a "technology for efficiency" strategy, and targeting differentiated markets with high-performance, functional products [2] - The company aims to enhance cooperation depth and breadth with important clients by launching more advanced products [2] - The capacity of the company's overseas subsidiaries is gradually being released, improving its ability to serve regional and global customers, laying a solid foundation for future overseas market expansion [2]

对于社保基金，本期较上一季未再披露的社保基金共计1个，即汇添富基金管理股份有限公司-社保基金 一五零二组合。 2025年8月27日，延江股份(300658.SZ)发布2025年半年度报告。截至2025年8月26日，共有3个机构投资 者披露持有延江股份A股股份，合计持股量达1140.92万股，占延江股份总股本的3.43%。其中，机构投 资者包括山西天星能源产业集团有限公司、厦门中略投资管理有限公司-中略万新4号私募证券投资基 金、BARCLAYS BANK PLC，机构投资者合计持股比例达3.43%。相较于上一季度，机构持股比例合计 下跌了0.99个百分点。 公募基金方面，本期较上一季未再披露的公募基金共计1个，即汇添富中证500指数增强A。 外资态度来看，本期较上一季度新披露的外资机构有 1 家 ，即BARCLAYS BANK PLC。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 ...

Core Viewpoint - The company has reported a significant increase in revenue for the first half of 2025, driven by product upgrades and strong demand from global brand clients, despite facing challenges from a complex macroeconomic environment [4][5]. Company Overview - The company specializes in the research, production, and sales of surface materials for disposable hygiene products, with a focus on innovative materials [3]. - The main products include 3D perforated non-woven fabric and PE perforated film, primarily used in women's hygiene products and baby diapers [3]. Financial Performance - The company achieved a revenue of approximately 843.22 million yuan in the first half of 2025, representing a year-on-year growth of 26.71% [4]. - The revenue from the hot air non-woven fabric series increased by 58.37%, while the perforated non-woven fabric series and PE perforated film products saw growths of 15.64% and 6.31%, respectively [5]. Market Dynamics - The disposable hygiene products market in China is projected to grow steadily, with the market size for absorbent hygiene products estimated at 132.13 billion yuan, a 13.8% increase from 2023 [3]. - The women's hygiene products market is expected to reach 86.71 billion yuan, growing by 23.27%, while the baby hygiene products market is forecasted to decline slightly by 1.7% [3]. Strategic Initiatives - The company is focusing on enhancing its global supply chain capabilities and expanding its market presence in North America and Europe [13][14]. - The company aims to strengthen its product offerings by developing high-performance and functional products to meet the needs of key clients [5]. Operational Efficiency - The company is optimizing internal management and production processes to improve operational efficiency and reduce costs [6]. - Despite a 7.14% decline in net profit to approximately 25.84 million yuan, the company is taking strategic measures to mitigate risks associated with tariffs and supply chain uncertainties [6].

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。 关于 2025 年中期利润分配方案的公告 证券代码：300658 证券简称：延江股份 公告编号：2025-042 厦门延江新材料股份有限公司关于 特别提示： 根据厦门延江新材料股份有限公司（以下简称"公司"）2024 年年度股东 大会授权，经公司第四届董事会第九次会议审议通过，公司 2025 年中期利润分 配方案为：以总股本 332,764,105 股扣除公司回购专用证券账户中的股份数 账户所持有本公司股份，不参与本次利润分配，预计派发现金红利 9,840,189.15 元（含税），本次现金分红后的剩余未分配利润结转以后年度。 公司现金分红方案不涉及《深圳证券交易所创业板股票上市规则》第 9.4 条 规定的可能被实施其他风险警示情形。 一、审议程序 润分配预案及提请股东大会授权董事会制定 2025 年中期利润分配方案的议案》 公司第四届董事会第九次会议审议通过了《关于 2025 年中期利润分配方案 的议案》。 审计委员会认为：公司董事会根据 2024 年年度股东大会的授权，本着回报 股东、与广大股东共享公司经营成 ...