Group 1 - The core business of Zhongrong Co., Ltd. is entirely focused on the printing and packaging industry, with a revenue composition of 100.0% from this sector for the year 2024 [1] Group 2 - Zhongrong Co., Ltd. announced on August 21 that it has repurchased approximately 1.71 million shares, accounting for 0.89% of the total share capital, with a total transaction amount of about 26.69 million yuan [3] - The highest transaction price during the repurchase was 17.3 yuan per share, while the lowest was 14.11 yuan per share [3] - The repurchase was conducted through a special securities account via centralized bidding from September 6, 2024, to July 23, 2025, and has reached the lower limit of the repurchase fund total as per the plan [3]

格隆汇8月21日丨中荣股份(301223.SZ)公布，截至公告披露日，公司通过回购专用证券账户以集中竞价 交易方式累计回购公司股份171.2823万股，占公司总股本的0.89%，最高成交价格为17.30元/股，最低成 交价格为14.11元/股，成交总金额为2669.28万元(不含交易费用)，实际回购时间区间为2024年9月6日至 2025年7月23日。本次回购已实施完毕。 ...

中荣印刷集团股份有限公司 关于回购股份实施完成暨股份变动的公告 证券代码：301223 证券简称：中荣股份 公告编号：2025-046 中荣印刷集团股份有限公司（以下简称"公司"）于 2024 年 9 月 2 日召开 第三届董事会第十六次会议，审议通过了《关于回购公司股份方案的议案》，同 意公司使用自有资金以集中竞价交易方式回购公司发行的部分人民币普通股（A 股）股票（以下简称"本次回购"），在未来适宜时机将回购股份用于股权激励 计划或员工持股计划。本次用于回购的资金总额不低于人民币 2,500 万元（含）， 不超过人民币 5,000 万元（含），回购价格不超过 22.12 元/股（含），实施期限 为自公司董事会审议通过本次回购股份方案之日起 12 个月内。具体内容详见公 司刊登于巨潮资讯网（www.cninfo.com.cn）的《关于回购公司股份方案的公告》 （公告编号：2024-053）、《回购报告书》（公告编号：2024-055）。 鉴于公司 2024 年年度权益分派方案的实施，根据相关规定，公司自权益分 派除权除息之日即 2025 年 6 月 5 日起，相应调整回购股份价格上限，回购股份 价格上限由不 ...

Core Insights - Zhongrong Co., Ltd. (301223.SZ) reported a total operating revenue of 1.451 billion yuan for the first half of 2025, an increase of 244 million yuan compared to the same period last year, marking a 20.22% year-on-year growth [1] - The net profit attributable to shareholders reached 76.8291 million yuan, up by 7.7905 million yuan from the previous year, reflecting an 11.28% increase year-on-year [1] Financial Performance - The company's latest asset-liability ratio stands at 29.78% [3] - The gross profit margin is 19.38%, which is an increase of 0.69 percentage points compared to the same period last year [3] - The return on equity (ROE) is 2.63%, up by 0.22 percentage points year-on-year [3] - The diluted earnings per share (EPS) is 0.40 yuan, an increase of 0.04 yuan, representing an 11.11% year-on-year growth [3] - The total asset turnover ratio is 0.34 times, an increase of 0.03 times compared to the previous year, reflecting a 9.91% year-on-year growth [3] - The inventory turnover ratio is 3.59 times, up by 0.27 times year-on-year, indicating a 7.99% increase [3] Shareholder Structure - The number of shareholders is 19,400, with the top ten shareholders holding a total of 146 million shares, accounting for 75.44% of the total share capital [3] - The largest shareholder is Zhongrong Printing Group Co., Ltd. with a holding of 42.01% [3]

Core Viewpoint - Zhongrong Co., Ltd. (301223) reported a strong performance in its 2025 mid-year financial results, with significant increases in revenue and net profit compared to the previous year [1] Financial Performance - Total revenue reached 1.451 billion yuan, a year-on-year increase of 20.22% [1] - Net profit attributable to shareholders was 76.83 million yuan, up 11.28% year-on-year [1] - In Q2 alone, total revenue was 752 million yuan, reflecting a 14.17% increase year-on-year, while net profit for the quarter was 37.47 million yuan, a substantial rise of 35.01% [1] Key Financial Metrics - Gross margin improved to 19.38%, an increase of 3.71% year-on-year [1] - Net margin decreased slightly to 5.44%, down 3.89% year-on-year [1] - Total operating expenses (sales, management, and financial expenses) amounted to 122 million yuan, accounting for 8.44% of revenue, a decrease of 5.07% year-on-year [1] - Earnings per share rose to 0.40 yuan, an increase of 11.11% year-on-year [1] Balance Sheet Insights - Accounts receivable increased significantly by 76.59% year-on-year, reaching 901 million yuan [1] - Cash and cash equivalents decreased by 36.16% to 694 million yuan [1] - Interest-bearing liabilities surged by 887.20% to 11.9 million yuan [1] Business Model and Operational Insights - The company's return on invested capital (ROIC) was reported at 4.44%, indicating a relatively weak capital return [2] - The historical median ROIC since the company's listing is 10.32%, suggesting that investment returns have been generally acceptable [2] - The business model relies heavily on research and development, necessitating further examination of the underlying drivers of this approach [2] Additional Considerations - The accounts receivable to profit ratio has reached 627.35%, indicating a potential area of concern for the company's financial health [3]

| 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 中榮印刷集團有限公司 | 42.00% | | 2 | 珠海横琴捷异投资合伙企业(有限合伙) | 30.74% | | 王美圆 3 4 w | | 1.17% | | 严毅 | | 0.33% | | 重格宁 | | 0.26% | | 6 罗景潘 | | 0.25% | | 陈峰 | | 0.20% | | 00 - 陈彩娅 | | 0.18% | | 9 薛东方 | | 0.16% | | 10 龙梅 | | 0.16% | 公司最新毛利率为19.38%，较上季度毛利率减少0.18个百分点。最新ROE为2.63%。 公司摊薄每股收益为0.40元。 公司最新总资产周转率为0.34次。最新存货周转率为3.59次。 公司股东户数为1.94万户，前十大股东持股数量为1.46亿股，占总股本比例为75.44%，前十大股东持股 情况如下： 2025年8月16日，中荣股份(301223.SZ)发布2025年中报。 公司营业总收入为14.51亿元。归母净利润为7682.91万元。经营活动现金净流入为1.76亿元，较去年同 报告期经 ...

Group 1 - Company Zhongrong Co., Ltd. (SZ 301223) held its 20th meeting of the 3rd board of directors on August 14, 2025, where it reviewed the proposal for the 2025 semi-annual report and its summary [1] - For the year 2024, Zhongrong's revenue composition is entirely from the printing and packaging industry, accounting for 100.0% [2] - As of the report date, Zhongrong's market capitalization stands at 3.4 billion yuan [3]

Core Viewpoint - Zhongrong Co., Ltd. (301223.SZ) reported a significant increase in revenue and net profit for the first half of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company achieved an operating income of 1.451 billion yuan, representing a year-on-year growth of 20.22% [1] - The net profit attributable to shareholders reached 76.8291 million yuan, reflecting a year-on-year increase of 11.28% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 73.4579 million yuan, showing a year-on-year growth of 14.30% [1] - Basic earnings per share were reported at 0.40 yuan [1]

证券日报网讯中荣股份（301223）8月15日在互动平台回答投资者提问时表示，公司最近一期定期报告 披露的股东人数约为1.9万户。 ...

华林证券股份有限公司 关于中荣印刷集团股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐机构名称：华林证券股份有限公司 | 被保荐公司简称：中荣股份 | | --- | --- | | 保荐代表人姓名：李露 | 联系电话：0755-82707888 | | 保荐代表人姓名：韩志强 | 联系电话：0755-82707888 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 次 0 | | 2、督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限 | | | 于防止关联方占用公司资源的制度、募集资金管理制 | 是 | | 度、内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3、募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月 1 次 | | （2）公司募集资金项目进展是否与信息披露文件一 | 是 | | 致 | | | ...