Market Overview - On September 3, the internet e-commerce sector declined by 2.72% compared to the previous trading day, with Liren Lizhuang leading the decline [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Liren Lizhuang (code: 605136) closed at 9.57, down 4.40% with a trading volume of 169,700 shares and a transaction value of 1.66 billion [1] - Qiangmu Technology (code: 301110) closed at 62.30, down 4.37% with a trading volume of 30,500 shares and a transaction value of 195 million [1] - JiaoDian Technology (code: 002315) closed at 47.86, down 4.15% with a trading volume of 70,600 shares and a transaction value of 344 million [1] - Other notable declines include Lianghui Co. (down 3.90%), Kaichun Co. (down 3.16%), and Kuaijingtong (down 3.09%) [1] Capital Flow Analysis - The internet e-commerce sector experienced a net outflow of 260 million from main funds, while retail investors saw a net inflow of 284 million [1] - The table of capital flow indicates that major funds had a negative net inflow in several companies, including ST Tongpu and ST Yigou, while retail investors showed positive net inflows in companies like Kaichun Co. and others [2]

Group 1 - On August 26, 2023, Kaichun Co., Ltd. saw a stock increase of 0.88% with a trading volume of 83.37 million yuan. The margin trading data indicated a financing purchase amount of 6.05 million yuan and a repayment of 8.70 million yuan, resulting in a net financing outflow of 2.64 million yuan. The total margin balance as of August 26 was 44.35 million yuan [1] - The financing balance of Kaichun Co., Ltd. is 44.35 million yuan, which accounts for 1.67% of the circulating market value. This financing balance is below the 30th percentile level over the past year, indicating a low position [1] - On the same day, there were no shares sold or repaid in the securities lending segment, with a lending balance of 0.00 yuan, which is above the 90th percentile level over the past year, indicating a high position [1] Group 2 - As of June 30, 2023, the number of shareholders of Kaichun Co., Ltd. was 11,800, a decrease of 1.23% from the previous period. The average circulating shares per person increased by 0.57% to 4,227 shares [2] - For the first half of 2025, Kaichun Co., Ltd. reported an operating income of 162 million yuan, a year-on-year decrease of 21.67%. The net profit attributable to the parent company was 3.01 million yuan, down 16.17% year-on-year [2] Group 3 - Since its A-share listing, Kaichun Co., Ltd. has distributed a total of 60 million yuan in dividends. Over the past three years, the cumulative dividend payout has been 50 million yuan [3] - As of June 30, 2023, among the top ten circulating shareholders of Kaichun Co., Ltd., the Noan Multi-Strategy Mixed A Fund (320016) ranked as the eighth largest circulating shareholder, holding 326,500 shares as a new shareholder [3]

据证券之星公开数据整理，近期凯淳股份（301001）发布2025年中报。截至本报告期末，公司营业总收 入1.62亿元，同比下降21.67%，归母净利润300.89万元，同比下降16.17%。按单季度数据看，第二季度 营业总收入8718.75万元，同比下降16.27%，第二季度归母净利润143.72万元，同比下降14.34%。本报 告期凯淳股份公司应收账款体量较大，当期应收账款占最新年报归母净利润比达873.23%。 本次财报公布的各项数据指标表现一般。其中，毛利率27.68%，同比减8.13%，净利率1.85%，同比增 7.02%，销售费用、管理费用、财务费用总计3952.85万元，三费占营收比24.34%，同比减8.86%，每股 净资产9.79元，同比减3.34%，每股经营性现金流0.29元，同比减32.11%，每股收益0.04元 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 2.07亿 | 1.62亿 | -21.67% | | 归母净利润(元) | 358.93万 | 300.89万 | -16.17% ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002640 | 跨境通 | 5.93 | -2.15% | 595.09万 | 35.98亿 | | 301558 | 三态股份 | 9.97 | -1.87% | 41.05万 | 4.07亿 | | 300464 | 星徽股份 | 6.01 | -0.83% | 18.83万 | 1.13亿 | | 603613 | 国联股份 | 26.05 | -0.76% | 16.89万 | 4.39亿 | | 301381 | 赛维时代 | 22.36 | -0.62% | 13.38万 | 2.96 Z | | 301001 | 凯淳股份 | 32.78 | -0.55% | 2.26万 | 7373.65万 | | 002803 | 吉宏股份 | 17.50 | -0.40% | 22.03万 | 3.84亿 | | 300592 | 华凯易值 | 12.00 | -0.33% | 10.33万 | 1.24亿 | | 605136 | 丽人丽妆 ...

Core Viewpoint - Shanghai Kaichun Industrial Co., Ltd. reported a decline in both revenue and net profit for the first half of 2025 compared to the same period in the previous year, indicating potential challenges in its operational performance [1][2]. Financial Performance - The company's operating revenue for the reporting period was ¥162,415,517.31, a decrease of 21.67% from ¥207,343,632.23 in the same period last year [2]. - The net profit attributable to shareholders was ¥3,008,916.58, down 16.17% from ¥3,589,330.67 year-on-year [2]. - The net profit after deducting non-recurring gains and losses was not specified, but the net cash flow from operating activities was ¥23,473,216.20, reflecting a decline of 32.11% from ¥34,576,510.16 [2]. - Basic and diluted earnings per share remained at ¥0.04, unchanged from the previous year [2]. Asset and Equity Position - Total assets at the end of the reporting period were ¥864,174,222.74, down 5.11% from ¥910,737,873.16 at the end of the previous year [4]. - The net assets attributable to shareholders decreased to ¥783,560,207.44, a reduction of 4.57% from ¥821,116,981.45 [4]. Shareholder Information - The largest shareholder, Wang Li, holds 38.65% of the shares, followed by Xu Lei with 10.29% [5]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period [7].

Group 1 - The board of directors of Shanghai Kaichun Industrial Co., Ltd. held its 14th meeting of the third session, combining on-site and remote voting methods [1][2] - The meeting was attended by 2 directors in person and 5 directors via remote voting, with all procedures deemed legal and effective [1] - The board approved the 2025 semi-annual report and its summary, confirming compliance with relevant laws and regulations, and stating that the report accurately reflects the company's actual situation without any false records or omissions [1][2] Group 2 - The board also reviewed a special report on the use of raised funds for the first half of 2025, confirming that the company has complied with regulations regarding the storage and use of these funds [2] - The voting results for both the semi-annual report and the special report were unanimous, with 7 votes in favor and no votes against or abstentions [2]

Meeting Overview - The third supervisory board meeting of Shanghai Kaichun Industrial Co., Ltd. was held on August 20, 2025, in a hybrid format combining in-person and remote voting [1] - All three supervisors attended the meeting, with two present on-site and one participating via remote voting [1] Meeting Resolutions - The supervisory board approved the preparation and review procedures of the 2025 semi-annual report and its summary, confirming compliance with relevant laws, regulations, and the company's articles of association [1] - The content and format of the report were deemed to meet the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, accurately reflecting the company's financial status and operational results for the first half of 2025 [1] Fund Management - The supervisory board confirmed that the company used the raised funds in accordance with the Company Law, Securities Law, and relevant self-regulatory guidelines, ensuring timely and accurate information disclosure without any violations in fund management [2] - The voting results for the resolutions were unanimous, with three votes in favor and no votes against or abstaining [2]

（文章来源：证券日报） 证券日报网讯 8月21日晚间，凯淳股份发布公告称，2025年上半年公司实现营业收入162，415，517.31 元；归属于上市公司股东的净利润为3，008，916.58元。 ...

证券日报网讯 8月21日晚间，凯淳股份发布公告称，公司第三届董事会第十四次会议审议通过了《关于 公司2025年半年度报告及半年度报告摘要的议案》等多项议案。 （文章来源：证券日报） ...

证券日报网讯 8月21日晚间，凯淳股份发布公告称，公司第三届监事会第十次会议审议通过了《关于公 司2025年半年度报告及半年度报告摘要的议案》等多项议案。 （文章来源：证券日报） ...