Group 1: Business Growth Strategies - The company aims to maintain its leading position in the daily chemical, food and health products, and consumer electronics sectors while accelerating development in tobacco products, alcoholic packaging, and pulp molding to cultivate new growth points [2][3] - The strategic focus includes optimizing comprehensive costs, innovating differentiated breakthroughs, and enhancing category specialization [2] Group 2: Market Expansion Plans - In the daily chemical, food, and health products sectors, the company plans to enhance its competitive edge through upgrades in R&D, production, and sales systems, while deepening cooperation with existing major clients and exploring new business opportunities [3] - The company is actively developing a software and hardware operating system that meets the standards of benchmark enterprises in the consumer electronics sector, aiming to leverage AI-driven product upgrades [3] Group 3: Industry-Specific Developments - In the tobacco and alcoholic beverage sectors, the company is expanding its marketing and production capabilities in Tianjin and Chengdu to accelerate customer acquisition and business growth [3] - The pulp molding industry is expected to grow due to increasing domestic and international restrictions on plastic use, prompting the company to expedite the development of its pulp molding bases in Tianjin and Zhongshan [3] Group 4: Client Collaboration and New Opportunities - The company continues to supply packaging products for the brand Pop Mart, serving a diverse range of clients across cosmetics, oral care, personal and household care, food and health products, pharmaceuticals, consumer electronics, tobacco, and emerging sectors [3]

证券代码：301223 证券简称：中荣股份 公告编号：2025-047 为进一步加强与投资者的互动交流，中荣印刷集团股份有限公司（以下简称 "公司"）将参加由广东证监局、广东上市公司协会联合举办的"向新提质 价值 领航——2025年广东辖区投资者集体接待日暨辖区上市公司中报业绩说明会"活 动。现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net/）参与本次互动交流，活动时间为2025年9月19日（星期五） 15:30-17:00。届时公司董事长总经理黄焕然先生、董事会秘书陈彬海先生和财务 负责人赵琪先生将在线就2025年半年度业绩、公司治理、发展战略、经营状况、 股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与。 特此公告。 中荣印刷集团股份有限公司董事会 二〇二五年九月十六日 1 中荣印刷集团股份有限公司 关于参加2025年广东辖区投资者集体接待日 暨中报业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 ...

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]

Core Viewpoint - Zhongrong Co., Ltd. (301223.SZ) has completed a share buyback program, acquiring a total of 1.712823 million shares, which represents 0.89% of the company's total share capital [1] Summary by Relevant Sections - **Share Buyback Details** - The company repurchased shares through a special securities account via centralized bidding [1] - The highest transaction price was 17.30 CNY per share, while the lowest was 14.11 CNY per share [1] - The total amount spent on the buyback was 26.6928 million CNY (excluding transaction fees) [1] - The buyback period was from September 6, 2024, to July 23, 2025 [1]

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]

Core Insights - The company Zhongrong Co., Ltd. (301223.SZ) reported a total operating revenue of 1.451 billion yuan for the first half of 2025, with a net profit attributable to shareholders of 76.8291 million yuan [1] - The company's cash flow from operating activities was 176 million yuan, showing a decrease of 1.01% compared to the same period last year [1] Financial Performance - The latest asset-liability ratio stands at 29.78%, which is an increase of 0.78 percentage points from the previous quarter and an increase of 4.06 percentage points year-on-year [3] - The company's gross profit margin is reported at 19.38%, down by 0.18 percentage points from the previous quarter [3] - The return on equity (ROE) is recorded at 2.63% [3] Earnings and Ratios - The diluted earnings per share (EPS) is 0.40 yuan [4] - The total asset turnover ratio is 0.34 times, while the inventory turnover ratio is 3.59 times [4] Shareholder Structure - The number of shareholders is approximately 19,400, with the top ten shareholders holding a total of 146 million shares, accounting for 75.44% of the total share capital [4] - The largest shareholder is Zhongrong Printing Group Co., Ltd., holding 42.00% of the shares, followed by Zhuhai Hengqin Jieyi Investment Partnership (Limited Partnership) with 30.74% [4]

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]