Financial Performance - Revenue for the reporting period was ¥432,329,871.73, a decrease of 1.47% compared to ¥438,779,156.15 in the same period last year[21]. - Net profit attributable to shareholders was ¥60,491,195.14, down 26.31% from ¥82,085,118.63 year-on-year[21]. - Net profit excluding non-recurring items was ¥48,093,541.90, reflecting a decline of 33.66% from ¥72,496,111.19 in the previous year[21]. - Basic and diluted earnings per share were both ¥0.58, down 43.38% from ¥1.03 in the same period last year[21]. - The total comprehensive income for the first half of 2025 was CNY 61,187,568.23, compared to CNY 81,977,793.63 in the first half of 2024, representing a decrease of approximately 25.5%[169]. - The company achieved a net profit attributable to shareholders of the parent company of ¥60,491,195.14 for the first half of 2025, with earnings per share of ¥0.76 based on the initial total share capital of 80,000,000 shares, and ¥0.58 based on the total share capital of 104,121,820 shares at the end of the period[139]. Cash Flow - The net cash flow from operating activities was -¥1,540,801.20, a significant decrease of 117.70% compared to ¥8,705,523.93 last year[21]. - Cash inflows from operating activities totaled CNY 423,322,931.16 in the first half of 2025, an increase of 8.1% from CNY 391,557,239.81 in the first half of 2024[169]. - The net cash flow from operating activities for the first half of 2025 was negative CNY 1,540,801.20, compared to a positive CNY 8,705,523.93 in the first half of 2024[169]. - Cash inflows from investment activities amounted to CNY 885,781,478.51 in the first half of 2025, significantly higher than CNY 383,169,694.26 in the first half of 2024, marking an increase of approximately 131.5%[170]. - The ending cash and cash equivalents balance for the first half of 2025 was CNY 308,598,020.66, down from CNY 420,427,212.91 at the end of the first half of 2024[170]. Share Capital and Dividends - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[5]. - The total share capital increased from 80 million shares to 104 million shares after the distribution of cash dividends and capital reserves[19]. - The company confirmed the vesting of 121,820 restricted stocks for 72 incentive recipients, with the listing date set for June 19, 2025[135]. - The company plans to distribute a cash dividend of 5 RMB per 10 shares, totaling 40 million RMB, and will increase capital by 3 shares for every 10 shares held, totaling 24 million shares[134]. - Following the completion of the capital increase, the total share capital will rise from 80 million to 104 million shares[136]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,793,859,974.90, an increase of 2.28% from ¥1,753,951,285.80 at the end of the previous year[21]. - Total liabilities increased from ¥554,629,694.80 to ¥568,412,427.16, an increase of about 2.5%[158]. - Total equity attributable to shareholders increased from ¥1,199,321,591.00 to ¥1,221,731,938.43, an increase of approximately 1.9%[158]. - The company’s long-term equity investments rose significantly from ¥45,194,361.50 to ¥110,890,176.00, indicating a focus on strategic investments[161]. Market and Industry Outlook - The global non-tire rubber market is projected to grow from $28.7 billion in 2023 to $42.7 billion by the end of 2030, with a CAGR of approximately 5.88% from 2024 to 2030[30]. - The company is focusing on diversifying into non-automotive markets, including electric motorcycles and industrial robots, to mitigate risks associated with the automotive sector[89]. - The company is facing risks from international trade disputes and plans to implement a "go out" strategy to establish overseas production bases[88]. Research and Development - The company has developed a robust R&D framework, with 62 authorized patents and participation in the formulation of 49 standards as of June 30, 2025[45]. - The R&D investment for the period was approximately CNY 21.02 million, a slight decrease of 2.56% compared to the previous year[49]. - Continuous investment in R&D is a priority, with efforts to improve project monitoring and communication with clients to ensure timely completion of significant projects[92]. Corporate Governance and Compliance - The company emphasizes the protection of shareholder and creditor rights, adhering to legal regulations and improving corporate governance to ensure all shareholders, especially minority investors, enjoy their legal rights[104]. - The company has maintained a high standard of information disclosure, ensuring transparency and compliance with relevant laws and regulations[104]. - There were no significant lawsuits or arbitration matters reported during the period, indicating a stable legal standing[113]. Employee and Social Responsibility - Employee rights are prioritized, with a focus on personal development and safety, supported by certifications such as IATF16949 and ISO45001, and a performance evaluation system in place[104]. - Approximately 8.12% of new hires during the reporting period were recent graduates, and the company actively provides employment opportunities for disabled individuals, with 5 currently employed[105]. Investment and Fund Utilization - The company has not encountered any unauthorized changes in the use of raised funds or violations regarding the occupation of raised funds[76]. - The company is adjusting its fundraising project structure to improve the efficiency of fund usage and investment returns[76]. - The company has reported a cumulative investment of RMB 29.51 million in the intelligent conveyor belt factory project, achieving 78.07% of the planned investment[74].

证券代码：301459 证券简称：丰茂股份 公告编号：2025-057 浙江丰茂科技股份有限公司 2025 年第三次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 （三）会议召开的合法性、合规性：本次股东大会的召集、召开符合有关法律、 行政法规、部门规章、其他规范性文件及《公司章程》的有关规定。 （四）会议召开时间： 1、现场会议召开时间：2025年8月25日下午14:30 2、网络投票时间： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为2025年8月25日 09:15-09:25，09:30-11:30，13:00-15:00； （2）通过深圳证券交易所互联网投票系统投票的具体时间为2025年8月25日 09:15-15:00期间的任意时间。 （五）会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式。 （六）股权登记日：2025年8月19日（星期二） （七）会议召开地点：浙江省余姚市远东工业城 ...

2025 年 第 三 次 临 时 股 东 大 会 的 法 律 意 见 书 关 于 浙 江 丰 茂 科 技 股 份 有 限 公 司 北 京 大 成 (上 海 )律 师 事 务 所 www.dentons.cn 上海市世纪大道 100 号环球金融中心 9 层/24 层/25 层（200120） 9th/24th/25th Floor, Shanghai World Financial Center, No.100 Century Avenue Shanghai 200120, P. R. China Tel: +86 21 5878 5888 Fax: +86 21 5878 6866 北京大成（上海）律师事务所 关于浙江丰茂科技股份有限公司 2025 年第三次临时股东大会的 法律意见书 致：浙江丰茂科技股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和 国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司股 东会规则》等法律、法规和其他有关规范性文件的要求，北京大成（上海）律师 事务所（以下简称"本所"）接受浙江丰茂科技股份有限公司（以下简称"公司"） 的委托 ...

Market Overview - The rubber sector increased by 0.77% on August 20, with Sanwei Equipment leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Key Stocks Performance - Sanwei Equipment (831834) closed at 15.61, up 4.14% with a trading volume of 49,600 shares and a transaction value of 75.40 million [1] - Heimao Co. (002068) closed at 11.93, up 3.29% with a trading volume of 316,500 shares and a transaction value of 372 million [1] - Tongcheng New Materials (603650) closed at 35.60, up 2.68% with a trading volume of 138,600 shares [1] - Fengmao Co. (301459) closed at 48.71, up 1.88% with a trading volume of 38,200 shares [1] - Haida Co. (300320) closed at 11.11, up 1.65% with a trading volume of 176,100 shares [1] Fund Flow Analysis - The rubber sector experienced a net outflow of 61.14 million from institutional funds, while retail investors saw a net inflow of 70.50 million [2] - Major stocks like Tongcheng New Materials and Heimao Co. had significant institutional net inflows of 39.03 million and 35.15 million respectively [3] - Retail investors showed a net inflow in stocks like Double Arrow Co. (002381) with 537.81 million, indicating strong retail interest despite overall outflows [3]

（文章来源：证券日报） 证券日报网讯丰茂股份8月19日在互动平台回答投资者提问时表示，截至2025年8月8日，公司股东总户 数为9314户（含信用账户）。 ...

Core Insights - Fengmao Co., Ltd. emphasizes the core demand for liquid cooling pipelines, which includes high sealing performance, corrosion resistance, temperature tolerance, and long-term reliability [2] - The company has a strong foundation in the fluid pipeline sector, particularly in polymer material modification, multi-layer composite pipeline design, and precision extrusion [2] - Fengmao is actively expanding its customer base in the relevant fields and has the capability for liquid cooling pipeline adaptation development [2]

Core Viewpoint - Fengmao Co., Ltd. (301459.SZ) emphasizes the core demand for liquid cooling pipelines, which includes high sealing performance, corrosion resistance, temperature tolerance, and long-term reliability [1] Company Summary - The company has deep expertise in the field of fluid pipelines, particularly in the modification of polymer materials such as rubber, multi-layer composite pipeline structure design, and precision extrusion [1] - Fengmao Co., Ltd. possesses the capability to develop liquid cooling pipeline adaptations and is actively expanding its customer base in related fields [1]

Company Announcements - Jihua Group's main business and existing product system do not involve brain-computer interface related fields [1] - Hongjing Optoelectronics plans to invest 1.533 billion yuan to build a research and manufacturing headquarters project [1] - Zhuojin Co., Ltd. won the bid for soil control project around Longchao Line [1] - Jianghuai Automobile's July sales totaled 25,197 units, a year-on-year decrease of 21.73% [1][2] - Lakala intends to transfer 100% equity of certain subsidiaries [1] - Haitai High-tech completed a buyback, spending a total of 70.91 million yuan to repurchase 6.69995 million shares [1] - Tongchen Beijian reported a net profit of 737 million yuan for the first half of the year, a year-on-year decrease of 17.34% [1][3] - Xuelang Environment's shareholders plan to reduce their holdings by a total of no more than 3% [1] - Huaxia Happiness's shareholders plan to reduce their holdings by a total of no more than 3% [1] - Sanxin Medical plans to issue convertible bonds to raise no more than 530 million yuan [1] - *ST Gaohong's stock may face mandatory delisting due to major legal violations [1] Investment and Financial Data - GAC Group's July automobile sales were 119,482 units, a year-on-year decrease of 15.38% [2] - Minghe Co., Ltd. reported July sales revenue of 41.36 million yuan [2] - Tangrenshen's July pig sales revenue totaled 589.6 million yuan [3] - Tiankang Biological's July pig sales revenue was 335 million yuan [3] - Chongqing Construction's new contract amount for the first half of the year was 24.271 billion yuan, a year-on-year decrease of approximately 19.20% [3] Shareholder Actions - Guangdong Hongda's subsidiary plans to acquire 60% equity of Changzhilin [3] - Ningbo Energy intends to acquire a total of 41% equity of Yongneng Comprehensive Energy [3] - Tianyang Technology plans to invest to acquire 51% equity of Moshuzhiqing [3] - ST Lutong's specific shareholders plan to reduce their holdings by a total of no more than 3.27% [3] - Jiuliang Co., Ltd.'s shareholders plan to reduce their holdings by a total of no more than 3% [3] - Ailis's employee stock ownership platform plans to reduce a total of no more than 13.5 million shares [3] - Huaxia Happiness's shareholders plan to reduce their holdings by a total of no more than 3% [3] Other Developments - Sanxin Medical plans to use the raised funds for the expansion project of producing 10 million blood dialysis membranes and 10 million blood dialysis devices [3]

Group 1 - The company held its 15th meeting of the second board of directors on August 7, 2025, with all 7 directors present, complying with legal and regulatory requirements [1] - The board approved a proposal to change the registered capital and amend the company's articles of association, including a cash dividend distribution of 5 RMB per 10 shares, totaling 40 million RMB, and a capital reserve conversion of 3 shares for every 10 shares, increasing total shares from 80 million to 104 million [1][2] - The company will no longer have a supervisory board, with its functions transferred to the audit committee of the board, and the number of board members will increase from 7 to 9, including 3 independent directors [2][3] Group 2 - The board proposed to authorize the management to handle the necessary business registration changes and amendments to the articles of association, with the authorization valid until the completion of these changes [3] - The board approved the election of a new non-independent director, Mr. Jiang Songzhou, whose term will last until the end of the current board's term [4] - The board unanimously agreed to establish a special account for raised funds at designated banks for the "Intelligent Chassis Thermal Control System Production Base (Phase I) Project" [6][7] Group 3 - The company plans to use part of the raised funds for new project investments, enhancing the efficiency of fund utilization without harming the interests of the company and its shareholders [7] - A third extraordinary general meeting of shareholders is scheduled for August 25, 2025, to review the proposals that require shareholder approval [7][8]

General Provisions - The rules are established to standardize the decision-making process of the board of directors of Zhejiang Fengmao Technology Co., Ltd. and enhance its operational efficiency [1] Composition and Powers of the Board - The board consists of 9 directors, including 3 independent directors and 1 employee director, with a chairman elected by a majority of the board [2] - The board has various powers, including convening shareholder meetings, executing shareholder resolutions, deciding on business plans and investment proposals, and managing internal structures [2][3] Transaction Approval Standards - Transactions exceeding certain thresholds must be submitted for board approval, including those where the asset total exceeds 10% of the latest audited total assets or where the transaction amount exceeds 10% of the latest audited net assets [3][4] Board Meeting Procedures - The board must hold at least two meetings annually, with the chairman responsible for convening and notifying directors [5][6] - Directors can propose meeting agendas, and meetings require a majority of directors to be present to proceed [6][7] Voting and Decision-Making - Decisions require a majority vote from attending directors, and specific matters, such as guarantees, require a two-thirds majority [7][8] - Directors with conflicts of interest must abstain from voting on related matters, and decisions must be made by a majority of disinterested directors [8][9] Record Keeping - Meeting records must be maintained, including attendance, agenda, and voting results, and these records are to be preserved for ten years [9] Miscellaneous Provisions - The rules are subject to national laws and the company's articles of association, and any amendments will be interpreted and revised by the board [9]