中集安瑞环科技股份有限公司 中集安瑞环科技股份有限公司 2025 年半年度报告全文 2025 年半年度报告 2025 年 8 月 1 中集安瑞环科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人季国祥、主管会计工作负责人张毅及会计机构负责人(会计主 管人员)张毅声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告如涉及未来计划等前瞻性陈述，该计划不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。本公司请投资者认真阅读本半年度报 告全文，并特别注意公司面临的风险因素，详见本报告"第三节 管理层讨论 与分析""十、公司面临的风险和应对措施"部分，敬请广大投资者予以关 注。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | | | 第一节 | 重要提示、目录和释义 | | 2 | ...

浙江盾安人工环境股份有限公司 2025 年半年度报告全文 浙江盾安人工环境股份有限公司 2025 年半年度报告 2025 年 8 月 1 浙江盾安人工环境股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 公司负责人方祥建、主管会计工作负责人徐燕高及会计机构负责人(会计 主管人员)吴平湖声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司在本报告"第三节管理层讨论与分析"之"十、公司面临的风险和 应对措施"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请 广大投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | | | 第一节 | 重要提示、目录和释义 | | 2 | | --- | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | | 6 | | 第三节 | 管理层讨论与分析 | | 9 | | 第四节 | 公司治理、环境 ...

四川华体照明科技股份有限公司2025 年半年度报告 公司代码：603679 公司简称：华体科技 四川华体照明科技股份有限公司 2025 年半年度报告 1 / 158 四川华体照明科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人梁熹、主管会计工作负责人蓝振中及会计机构负责人（会计主管人员）刘年声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质性承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重 ...

广州金域医学检验集团股份有限公司2025 年半年度报告 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 广州金域医学检验集团股份有限公司 2025 年半年度报告 1 / 204 广州金域医学检验集团股份有限公司2025 年半年度报告 公司代码：603882 公司简称：金域医学 重要提示 四、 公司负责人梁耀铭 、主管会计工作负责人周丽琴 及会计机构负责人（会计主管人员）周 丽琴声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资 者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完 ...

[Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This chapter defines key terms and abbreviations used in the report, including the company, its controlling shareholder, and ultimate controller, providing a foundation for understanding the content [Definitions of Common Terms](index=4&type=section&id=%E5%B8%B8%E7%94%A8%E8%AF%8D%E8%AF%AD%E9%87%8A%E4%B9%89) This section defines key terms and company entities, such as the company itself, its controlling shareholder "China Paper," and ultimate controller "China Chengtong," along with other related companies and regulatory bodies Definitions of Common Terms | Term | Meaning | | :--- | :--- | | Company, This Company, Guanhao High-Tech | Guangdong Guanhao High-Tech Co., Ltd. | | China Chengtong | China Chengtong Holdings Group Co., Ltd. (Company's ultimate controller) | | China Paper | China Paper Investment Co., Ltd. (Company's controlling shareholder) | | Foshan Huaxin Development | Foshan Huaxin Development Co., Ltd. | | Zhuhai Hongta Renheng | Zhuhai Hongta Renheng Packaging Co., Ltd. | | Foshan Huaxin Packaging | Foshan Huaxin Packaging Co., Ltd. (Deregistered) | | CSRC | China Securities Regulatory Commission | | SASAC | State-owned Assets Supervision and Administration Commission | [Company Profile and Key Financial Indicators](index=4&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company's basic information and analyzes its key financial performance and indicators, highlighting a significant decline in profitability [Company Basic Information](index=4&type=section&id=%E4%B8%80%E3%80%81%20%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section provides the company's basic business registration information, including its full Chinese and English names, legal representative, and registered and office addresses Company Basic Information | Item | Information | | :--- | :--- | | Chinese Name | Guangdong Guanhao High-Tech Co., Ltd. | | Chinese Abbreviation | Guanhao High-Tech | | Legal Representative | Li Fei | | Registered Address | No. 313 Donghai Avenue, Donghai Island, Zhanjiang City, Guangdong Province | [Key Accounting Data and Financial Indicators](index=5&type=section&id=%E4%B8%83%E3%80%81%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's operating performance significantly declined, with net profit attributable to shareholders turning to a loss of **57.93 million RMB**, a **168.35% decrease** year-on-year, primarily due to lower product prices and increased financial expenses Key Accounting Data (Jan-Jun 2025) | Key Accounting Data | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,403,321,270.29 | 3,454,170,522.36 | -1.47 | | Net Profit Attributable to Listed Company Shareholders | -57,925,311.64 | 84,742,687.95 | -168.35 | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Items) | -59,462,607.72 | 50,322,403.45 | -218.16 | | Net Cash Flow from Operating Activities | -921,863,230.38 | -75,215,287.78 | -1,125.63 | | Total Assets | 11,611,678,639.99 | 11,226,689,459.77 | 3.43 | Key Financial Indicators (Jan-Jun 2025) | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | -0.03 | 0.05 | -160.00 | | Weighted Average Return on Net Assets (%) | -1.31 | 1.90 | Decreased by 3.21 percentage points | | Weighted Average Return on Net Assets (Excluding Non-recurring Items) (%) | -1.34 | 1.13 | Decreased by 2.47 percentage points | - The significant decline in net profit is attributed to terminal consumer demand not keeping pace with capacity release, leading to a notable year-on-year decrease in product selling prices, a substantial drop in gross profit, coupled with increased financial expenses and reduced government subsidies[23](index=23&type=chunk) [Non-recurring Gains and Losses](index=6&type=section&id=%E4%B9%9D%E3%80%81%20%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) The company's non-recurring gains and losses totaled **1.54 million RMB**, primarily from government subsidies and other non-operating income and expenses Non-recurring Gains and Losses Items (Jan-Jun 2025) | Non-recurring Gains and Losses Item | Amount (RMB) | | :--- | :--- | | Gains and losses on disposal of non-current assets | -1,626.56 | | Government subsidies recognized in current profit and loss | 2,004,741.08 | | Other non-operating income and expenses | 634,337.99 | | Less: Income tax impact | -405,559.11 | | Less: Impact on minority interests (after tax) | -694,597.32 | | **Total** | **1,537,296.08** | [Management Discussion and Analysis](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides management's perspective on the company's operational performance, industry trends, strategic initiatives, and risk factors during the reporting period [Industry and Main Business Overview](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) In the first half of 2025, the paper industry faced increased output but declining revenue and profit due to price drops and import impacts, while the company, specializing in special papers and materials, navigated these challenges with product innovation - In the first half of 2025, the paper industry saw increased output but decreased ex-factory prices, leading to revenue decline and significant profit reduction, with industry profitability remaining under pressure. Imported paper, benefiting from zero tariffs, posed a significant competitive threat to the domestic market[30](index=30&type=chunk) - The company's main business is divided into two segments: special paper (thermal paper, dye-sublimation transfer paper, high-grade coated white board paper, etc.) and special materials (self-adhesive labels, medical film coatings, digital printing films, papermaking chemicals, etc.)[36](index=36&type=chunk) - The company holds a dominant market position in several niche segments, such as special protective thermal paper for lottery tickets and boarding passes, tobacco packaging white board paper dominating the domestic high-end tobacco packaging sector, and liquid food packaging board being a major domestic supplier to international leading enterprises[37](index=37&type=chunk)[38](index=38&type=chunk)[40](index=40&type=chunk) [Discussion and Analysis of Operations](index=9&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) The company is implementing its "14th Five-Year Plan" strategy, focusing on supply chain integration to reduce costs, fostering new materials as a second growth curve, and enhancing operational efficiency through digitalization and risk management - The company's core strategy is "strengthening and complementing the supply chain, industrial revitalization" and "building foundations and strengthening muscles, vertical integration," aiming to establish a high-end green special paper base and cultivate strategic emerging industries as a second growth curve[42](index=42&type=chunk) - To reduce raw material costs and market risks, the Zhanjiang China Paper 400,000-ton chemical mechanical pulp project is in its final construction phase, aiming to achieve self-sufficiency in pulp supply[44](index=44&type=chunk) - Significant technological breakthroughs have been achieved in new materials, with pilot production validation completed for carbon paper base for hydrogen fuel cells and electrolytic water hydrogen production, and latex for lithium-ion batteries passing downstream evaluation, demonstrating performance comparable to imported products[46](index=46&type=chunk) - The company achieved cost reduction and efficiency improvement through lean operational measures such as optimized procurement, shared warehousing, and process digitalization, with wood pulp procurement costs optimized by **11%** year-on-year and accounts receivable decreasing by **13.49%** year-on-year[47](index=47&type=chunk) [Analysis of Core Competencies](index=11&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies include market leadership, strong brands, technological innovation, digitalization, deep reform, and environmental governance, solidifying its industry position and sustainable development - The company holds a leading position in several special paper segments, including carbonless paper, thermal paper, and tobacco white board paper, and is expanding into new materials such as reverse osmosis membrane support materials, lithium battery materials, and hydrogen energy materials[51](index=51&type=chunk) - The company owns highly recognized and reputable brands such as "Guanhao," "Haozheng," "Hongmei," and "Hongta Renheng," with "Hongta Renheng" special paperboard having received a National Science and Technology Progress First Prize[52](index=52&type=chunk) - The company is a pilot unit for the "Integration of Informatization and Industrialization Management System" and has established an advanced digital production and enterprise management information platform within the industry, empowering scientific decision-making and enhancing operational efficiency through digitalization[54](index=54&type=chunk) [Analysis of Key Operating Performance](index=12&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) The company's financial condition is under pressure, with operating costs rising **4.14%** and financial expenses increasing **69.00%** due to higher loan volumes, while operating cash flow significantly deteriorated to **-921.86 million RMB** Analysis of Major Financial Statement Item Changes | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,403,321,270.29 | 3,454,170,522.36 | -1.47 | | Operating Cost | 3,178,709,890.99 | 3,052,448,833.89 | 4.14 | | Financial Expenses | 37,960,479.97 | 22,462,212.95 | 69.00 | | Net Cash Flow from Operating Activities | -921,863,230.38 | -75,215,287.78 | -1,125.63 | | Net Cash Flow from Investing Activities | -301,116,207.58 | -215,194,192.94 | -39.93 | | Net Cash Flow from Financing Activities | 822,899,071.99 | 410,916,927.20 | 100.26 | Changes in Major Asset and Liability Items | Item Name | Current Period End Amount (RMB) | Prior Period End Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Prepayments | 522,135,879.64 | 257,024,876.09 | 103.15 | | Short-term Borrowings | 2,116,997,600.00 | 1,617,847,063.90 | 30.85 | | Notes Payable | 840,653,870.30 | 474,000,000.00 | 77.35 | | Non-current Liabilities Due Within One Year | 262,935,231.60 | 45,886,334.13 | 473.01 | Performance of Major Holding and Participating Companies | Company Name | Operating Revenue (RMB) | Net Profit (RMB) | | :--- | :--- | :--- | | Zhuhai Hongta Renheng Packaging Co., Ltd. | 1,140,570,833.27 | -73,296,088.35 | | Zhuhai Huafeng Paper Co., Ltd. | 1,028,985,861.66 | 7,266,692.09 | | Zhejiang Guanhao New Materials Co., Ltd. | 481,173,968.62 | 6,402,814.21 | [Risk Warning](index=18&type=section&id=%28%E4%B8%80%29%20%E5%8F%AF%E8%83%BD%E9%9D%A2%E5%AF%B9%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces risks from a low-growth global economy, increased import competition due to zero tariffs, intensified domestic industry competition, and fluctuations in raw material prices and exchange rates - The company's main risks include: macroeconomic environment risks, import tariff policy risks, intensified industry competition risks, and raw material price and exchange rate fluctuation risks[67](index=67&type=chunk)[68](index=68&type=chunk)[69](index=69&type=chunk)[70](index=70&type=chunk) [Corporate Governance, Environment and Society](index=21&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section details changes in the company's governance structure, including board and management personnel, updates on equity incentive plans, and its commitment to social responsibility initiatives [Changes in Directors, Supervisors, and Senior Management](index=21&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company experienced significant changes in its board, supervisory board, and senior management, including the election of a new chairman and independent directors, and the departure of several key personnel Major Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Change Type | | :--- | :--- | :--- | | Li Fei | Chairman | Election | | QINGSHAN JASON NIU | Independent Director | Election | | Li Peng | Independent Director | Election | | Xie Xianlong | Chairman | Departure | | Li Fei | General Manager | Departure | [Equity Incentive Plan](index=21&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D) Due to unmet performance targets in 2023 and 2024, the company repurchased and canceled restricted shares from its 2021 equity incentive plan, along with shares from departing employees - Due to the company's 2023 performance not meeting the unlocking conditions, the company repurchased and canceled **11,639,100 restricted shares** from **301 incentive recipients**[82](index=82&type=chunk) - Due to the company's 2024 performance not meeting the unlocking conditions, the company repurchased and canceled **9,734,200 restricted shares** from **239 incentive recipients**[82](index=82&type=chunk) [Social Responsibility (Rural Revitalization)](index=23&type=section&id=%E4%BA%94%E3%80%81%E5%B7%A9%E5%9B%BA%E6%8B%93%E5%B1%95%E8%84%B1%E8%B4%AB%E6%94%BB%E5%9D%9A%E6%88%90%E6%9E%9C%E3%80%81%E4%B9%A1%E6%9D%91%E6%8C%AF%E5%85%B4%E7%AD%89%E5%B7%A5%E4%BD%9C%E5%85%B7%E4%BD%93%E6%83%85%E5%86%B5) The company actively fulfilled its social responsibilities, investing **41,800 RMB** in rural revitalization and consumer assistance, and organizing **32 public welfare activities** with **1,198 volunteer service hours** - The company cumulatively spent **41,800 RMB** on rural revitalization special funds through diversified assistance mechanisms, including **37,800 RMB** for consumer assistance[86](index=86&type=chunk) - The company established a "Party Building + Public Welfare" volunteer service system, organizing **32 public welfare activities** during the reporting period, with **228 volunteers** participating and accumulating **1,198 service hours**[86](index=86&type=chunk) [Significant Matters](index=25&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers important corporate events, including the fulfillment of commitments by major shareholders and significant related-party transactions during the reporting period [Fulfillment of Commitments](index=25&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company's controlling shareholder, China Paper, and ultimate controller, China Chengtong, consistently fulfilled their long-term commitments regarding avoiding horizontal competition, standardizing related-party transactions, and maintaining independence since 2003 - The company's controlling shareholder, China Paper, and ultimate controller, China Chengtong, have strictly fulfilled their long-term commitments regarding avoiding horizontal competition and standardizing related-party transactions[89](index=89&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk) [Significant Related-Party Transactions](index=42&type=section&id=%E5%8D%81%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company's 2025 daily related-party transactions primarily involved purchasing raw materials like wood pulp and coal from China Paper and Chengtong International, and engaging in financial services with Chengtong Finance, all within approved limits - During the reporting period, the company purchased **242 million RMB** of wood pulp and coal raw materials from related party China Paper, and **49.56 million RMB** of coal raw materials from Chengtong International[109](index=109&type=chunk) Financial Transactions with Related Finance Company | Business Type | Related Party | Period-end Balance/Transaction Amount (RMB) | | :--- | :--- | :--- | | Deposit Business | Chengtong Finance Co., Ltd. | 664,481,539.93 | | Loan Business | Chengtong Finance Co., Ltd. | 163,940,206.79 | | Credit Line Business | Chengtong Finance Co., Ltd. | 163,940,206.79 | [Share Changes and Shareholder Information](index=45&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital and provides an overview of its shareholder structure, including major shareholders and their holdings [Share Capital Changes](index=45&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital decreased from **1.76 billion shares** to **1.75 billion shares** due to the repurchase and cancellation of **9.73 million restricted shares** that did not meet unlocking conditions Table of Share Capital Changes | Item | Before This Change (shares) | Increase/Decrease in This Change (shares) | After This Change (shares) | | :--- | :--- | :--- | :--- | | Restricted Shares | 9,734,200 | -9,734,200 | 0 | | Unrestricted Tradable Shares | 1,750,279,233 | 0 | 1,750,279,233 | | **Total Shares** | **1,760,013,433** | **-9,734,200** | **1,750,279,233** | - The decrease in total shares is due to the company repurchasing and canceling **9,734,200 restricted shares** granted to **239 incentive recipients** that had not yet been unlocked[123](index=123&type=chunk) [Shareholder Information](index=46&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **44,583 common shareholders**, with its top two shareholders, Foshan Huaxin Development and China Paper Investment, being state-owned legal entities holding over **40%** combined Shareholding of Top Two Shareholders | Shareholder Name | Period-end Shareholding (shares) | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Foshan Huaxin Development Co., Ltd. | 370,009,058 | 21.14 | State-owned Legal Entity | | China Paper Investment Co., Ltd. | 332,406,230 | 18.99 | State-owned Legal Entity | - As of the end of the reporting period, the company had a total of **44,583 common shareholders**[126](index=126&type=chunk) [Bond-Related Information](index=50&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section provides an overview of the company's bond and debt financing instruments [Company Bond Information](index=50&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%EF%BC%88%E5%90%AB%E4%BC%81%E4%B8%9A%E5%80%BA%E5%88%B8%EF%BC%89%E5%92%8C%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E4%B8%9A%E5%80%BA%E5%8A%A1%E8%9E%8D%E8%B5%84%E5%B7%A5%E5%85%B7) During the reporting period, the company had no outstanding corporate bonds, enterprise bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds - The company has no corporate bonds (including enterprise bonds), non-financial enterprise debt financing instruments, or convertible corporate bonds[136](index=136&type=chunk) [Financial Report](index=51&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's financial statements, including the balance sheet, income statement, and cash flow statement, along with key accounting policies and detailed notes [Financial Statements](index=51&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) As of June 30, 2025, the company's consolidated total assets were **11.61 billion RMB**, total liabilities **5.53 billion RMB**, and owners' equity attributable to the parent company **4.48 billion RMB**, with a net loss of **57.93 million RMB** and significant operating cash flow pressure Key Consolidated Balance Sheet Data (Jun 30, 2025) | Item | Amount (RMB) | | :--- | :--- | | Total Assets | 11,611,678,639.99 | | Total Liabilities | 5,532,145,086.94 | | Total Owners' Equity Attributable to Parent Company | 4,483,002,861.68 | Key Consolidated Income Statement Data (Jan-Jun 2025) | Item | Amount (RMB) | | :--- | :--- | | Total Operating Revenue | 3,403,321,270.29 | | Total Profit | -92,158,964.66 | | Net Profit Attributable to Parent Company Shareholders | -57,925,311.64 | Key Consolidated Cash Flow Statement Data (Jan-Jun 2025) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -921,863,230.38 | | Net Cash Flow from Investing Activities | -301,116,207.58 | | Net Cash Flow from Financing Activities | 822,899,071.99 | | Net Increase in Cash and Cash Equivalents | -408,756,372.84 | [Significant Accounting Policies and Estimates](index=75&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) The company's financial statements are prepared on a going concern basis, adhering to accounting standards, with key policies covering revenue recognition, financial instrument impairment, inventory valuation, long-term equity investments, and research and development capitalization - Revenue recognition policy: Revenue is recognized when the customer obtains control of the related goods[249](index=249&type=chunk) - Financial instrument impairment: Impairment is recognized and loss provisions are made for receivables, debt investments, etc., based on expected credit losses[205](index=205&type=chunk) - Inventory valuation and impairment: Issued inventory is valued using the weighted average method at month-end, and measured at the lower of cost and net realizable value at period-end[213](index=213&type=chunk)[214](index=214&type=chunk) - Research and development expenditures: Research phase expenditures are expensed, while development phase expenditures are capitalized as intangible assets when specific conditions are met[236](index=236&type=chunk) [Notes to Consolidated Financial Statement Items](index=97&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed explanations of key consolidated financial statement items, including accounts receivable of **842 million RMB**, inventory of **1.89 billion RMB**, short-term borrowings of **2.12 billion RMB** (a **30.85% increase**), and a **21.02 million RMB** investment income from Chengtong Finance - Accounts receivable period-end book balance was **863 million RMB**, with bad debt provisions of **20.21 million RMB**, resulting in a book value of **842 million RMB**[274](index=274&type=chunk)[275](index=275&type=chunk) - Inventory period-end book value was **1.89 billion RMB**, including **835 million RMB** in raw materials and **903 million RMB** in finished goods. Inventory impairment provisions of **9.13 million RMB** were made in the current period[307](index=307&type=chunk)[309](index=309&type=chunk) - Short-term borrowings period-end balance was **2.12 billion RMB**, all unsecured, representing a **30.85% increase** from **1.62 billion RMB** at the beginning of the period[361](index=361&type=chunk) - Long-term equity investment in associate Chengtong Finance Co., Ltd. had a period-end book value of **680 million RMB**, with investment income of **21.02 million RMB** recognized in the current period[319](index=319&type=chunk)

常州长青科技股份有限公司 2025 年半年度报告全文 常州长青科技股份有限公司 2025 年半年度报告 【2025 年 8 月】 1 常州长青科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人周银妹、主管会计工作负责人凌芝及会计机构负责人(会计主 管人员)凌芝声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告涉及的未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者及相关人士对此保持足够的风险认识，理解计划、预测与承诺之间 的差异，注意投资风险。 公司在本报告"第三节 管理层讨论与分析"中"十、公司面临的风险和 应对措施"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请 投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以现有总股本 138,000,000 股剔除公司回购专用证券账户中已回购股份 545,600 股后的 137,45 ...

深圳市京基智农时代股份有限公司 2025 年半年度报告全文 深圳市京基智农时代股份有限公司 1 深圳市京基智农时代股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人陈家荣、主管会计工作负责人顾彬及会计机构负责人(会计主 管人员)王洪涛声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告如涉及公司未来计划等前瞻性陈述，不构成公司对投资者的实质 性承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解 计划、预测与承诺之间的差异，敬请投资者注意投资风险。 公司需遵守《深圳证券交易所上市公司自律监管指引第 3 号——行业信 息披露》中的"畜禽、水产养殖相关业务"的披露要求。 请投资者认真阅读本报告全文，并特别注意原料价格及生猪价格波动风 险等风险因素，详见"第三节 管理层讨论与分析"之"十、公司面临的风险 和应对措施"相关内容。 2025 年半年度报告 2025 年 ...

宝鼎科技股份有限公司 2025 年半年度报告全文 宝鼎科技股份有限公司 Baoding Technology Co., Ltd. （杭州余杭区塘栖镇工业园区内） 2025 年半年度报告 二零二五年八月 1 宝鼎科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人张旭峰、主管会计工作负责人丛守延及会计机构负责人(会计 主管人员)杨涛声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 存在一定的不确定性，投资者及相关人士应对此保持足够的风险认识，并且 应当理解计划、预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和应对 措施"描述了公司经营中可能面临的风险，敬请广大投资者认真阅读相关具体 内容，注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 387,985,331 ...

披露时间：2025 年 8 月 23 日 泰尔重工股份有限公司 2025 年半年度报告全文 1 泰尔重工股份有限公司 2025 年半年度报告 证券简称：泰尔股份 证券代码：002347 泰尔重工股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、完整，不存在 虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人邰紫鹏、主管会计工作负责人邰紫鹏及会计机构负责人(会计主管人员)杨 晓明声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中所涉及的公司未来计划、发展战略等前瞻性描述不构成公司对投资者的实质 承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承 诺之间的差异，注意投资风险。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和应对措施"部 分，描述了公司未来经营中可能存在的风险及应对措施，敬请投资者注意查阅。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第二节 | 公司简介和主要财务指标 ...

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