众望布艺股份有限公司2025 年半年度报告 公司代码：605003 公司简称：众望布艺 三、 本半年度报告未经审计。 四、 公司负责人杨林山、主管会计工作负责人鲍航及会计机构负责人（会计主管人员）丁彧然 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 众望布艺股份有限公司 2025 年半年度报告 1 / 126 众望布艺股份有限公司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。 □适用 √不适用 不适用 六、 前瞻性陈述的风险声明 □适用 √不适用 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、 重大风险提示 公司已在本报告中详细描述公司经营存在的主要风险，敬请查阅本报告"第三节管理层讨论 与分析"中" ...

株洲华锐精密工具股份有限公司2025 年半年度报告 公司代码：688059 公司简称：华锐精密 转债代码：118009 转债简称：华锐转债 株洲华锐精密工具股份有限公司 2025 年半年度报告 1 / 175 株洲华锐精密工具股份有限公司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、 重大风险提示 公司已在本报告中详细阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本 报告第三节"管理层讨论与分析"。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人肖旭凯、主管会计工作负责人段艳兰及会计机构负责人（会计主管人员）黄冬 丽声明：保证半年度报告中财务报告的真实、准确、完整。 六、 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 九、 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 十、 是否存在违反规定决策程序对外提供担保的情况 否 十一、 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 ...

甘肃省敦煌种业集团股份有限公司2025 年半年度报告 公司代码：600354 公司简称：敦煌种业 甘肃省敦煌种业集团股份有限公司 2025 年半年度报告 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 1/ 122 甘肃省敦煌种业集团股份有限公司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、 公司负责人周彪、主管会计工作负责人武兴旺及会计机构负责人（会计主管人员） 苏辉明声明：保证半年度报告中财务报告的真实、准确、完整。 无 六、 前瞻性陈述的风险声明 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 □适用 √不适用 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、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请参阅"第三节管理层讨论与分析"之 "五、其他披露事项"中的"（一）可能面对的风险"部分内容。 十一 ...

深圳和而泰智能控制股份有限公司 2025 年半年度报告全文 深圳和而泰智能控制股份有限公司 2025 年半年度报告 二〇二五年八月 1 深圳和而泰智能控制股份有限公司 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。 公司负责人刘建伟、主管会计工作负责人罗珊珊及会计机构负责人（会计 主管人员）李竟声明：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。 本报告中如有涉及未来的计划，经营目标、业绩预测等方面的内容，均不 构成本公司对任何投资者的实质承诺，投资者及相关人士均应对此保持足够的 风险认识，并且应当理解计划、预测与承诺之间的差异。 公司不存在影响财务状况和持续盈利能力的重大风险。公司经营中可能存 在的风险及应对措施，详见本报告"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"，敬请广大投资者注意投资风险。 一、载有法定代表人、主管会计工作负责人、会计机构负责人签名并盖章的会计报表。 二 ...

公司代码：603713 公司简称：密尔克卫 转债代码：113658 转债简称：密卫转债 密尔克卫智能供应链服务集团股份有限公司 2025 年半年度报告 四、 公司负责人陈银河、主管会计工作负责人杨波及会计机构负责人（会计主管人员）杨波声明：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 密尔克卫智能供应链服务集团股份有限公司 2025 年半年度报告 1 / 214 密尔克卫智能供应链服务集团股份有限公司 2025 年半年度报告 重要提示 一、 本公司董事会及董事、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。 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述因存在不确定性，不构成公司对投资者的实质承 诺，敬请广大投资者及相关人士注意投资风险，并且充分理解计划、预测与承诺之间的差异。 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 ...

美盈森集团股份有限公司 2025 年半年度报告全文 美盈森集团股份有限公司 2025 年半年度报告 2025-028 2025 年 8 月 1 美盈森集团股份有限公司 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。 公司负责人王治军、主管会计工作负责人袁宏贵及会计机构负责人(会计 主管人员)袁宏贵声明：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，请投资者注意投资风险。 本公司请投资者认真阅读本半年度报告全文，并特别注意公司可能面临 的包括经营环境、行业竞争等风险因素。详见本报告第三节"十、公司面临 的风险和应对措施"相关内容。 公司经本次董事会审议通过的利润分配预案为：以 1,531,323,685 为基 数，向全体股东每 10 股派发现金红利 0.66 元（含税），送红股 0 股（含税）， 不以公积金转增股本。 2 | | ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section presents important disclaimers, outlines the company's non-distribution policy, and highlights various operational and market risks - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the report's content and assume legal responsibility[4](index=4&type=chunk) - Forward-looking statements in the report do not constitute substantial commitments to investors, who should be aware of related risks[5](index=5&type=chunk) - The company plans no cash dividends, bonus shares, or capital increase from capital reserves during this reporting period[6](index=6&type=chunk) - The company highlighted multiple risks, including lower-than-expected returns from new projects, electricity market fluctuations, natural factors, monetary policy, environmental regulations, production safety, and coal supply and price changes[5](index=5&type=chunk) [Company Profile and Key Financial Indicators](index=7&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 the company's profile and a comprehensive overview of its key financial performance and non-recurring items [Company Profile](index=7&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Gansu Electric Power Investment Energy Development Co., Ltd. (Gansu Energy, stock code 000791) is a company listed on the Shenzhen Stock Exchange, with Lu Jiqing as its legal representative Company Basic Information | Item | Content | | :--- | :--- | | **Stock Abbreviation** | Gansu Energy | | **Stock Code** | 000791 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Company Name** | Gansu Electric Power Investment Energy Development Co., Ltd. | | **Legal Representative** | Lu Jiqing | [Key Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%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) In the first half of 2025, the company's operating revenue slightly increased by 0.19% year-on-year, while net profit attributable to parent company shareholders grew by 16.87%, and non-recurring adjusted net profit attributable to parent company shareholders surged by 190.41% Key Financial Performance Overview | Key Financial Indicators | Current Period (yuan) | Prior Period (Restated, yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue** | **3.93 billion** | 3,923,016,239.45 | 0.19% | | **Net Profit Attributable to Shareholders of Listed Company** | **824.75 million** | 705,682,226.36 | 16.87% | | **Non-recurring Adjusted Net Profit Attributable to Parent Company Shareholders** | **822.75 million** | 283,304,600.72 | 190.41% | | **Net Cash Flow from Operating Activities** | **2.22 billion** | 1,299,229,714.44 | 71.25% | | **Basic Earnings Per Share (yuan/share)** | 0.2543 | 0.2274 | 11.83% | | **Weighted Average Return on Net Assets** | 5.90% | 5.46% | Increased 0.44 percentage points | | **Total Assets (yuan)** | **36.66 billion** | 35,892,035,976.23 | 2.13% | | **Net Assets Attributable to Shareholders of Listed Company (yuan)** | **13.83 billion** | 13,567,157,314.65 | 1.95% | [Non-Recurring Gains and Losses](index=9&type=section&id=%E5%85%AD%E3%80%81%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%8F%8A%E9%87%91%E9%A2%9D) During the reporting period, the company's total non-recurring gains and losses amounted to **2.008 million yuan**, primarily from entrusted operation management fees and government subsidies Non-Recurring Gains and Losses Breakdown | Item | Amount (yuan) | | :--- | :--- | | **Gains/Losses from Disposal of Non-Current Assets** | 11,317.70 | | **Government Subsidies Included in Current Period Profit/Loss** | 774,144.67 | | **Custody Fee Income from Entrusted Operations** | 1,886,792.45 | | **Net Other Non-Operating Income and Expenses** | -325,993.69 | | **Other** | 382,675.47 | | **Total** | **2,008,016.78** | - The company classified **8.9026 million yuan** in value-added tax refunds as recurring gains and losses, as they are closely related to the company's normal operations and are recurring in nature[25](index=25&type=chunk) [Management Discussion and Analysis](index=10&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 an in-depth analysis of the company's primary operations, core competencies, financial performance, investment activities, and significant risks with mitigation strategies [Principal Business and Operations Overview](index=10&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%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main business involves thermal, hydro, wind, and solar power generation, forming a multi-energy complementary power structure of 'wind, solar, hydro, thermal, and storage,' with all operations located within Gansu Province - The company's principal businesses include thermal, hydro, wind, and solar power generation, with all operations located within Gansu Province[28](index=28&type=chunk) Key Operating Performance | Operating Indicators | H1 2025 | Year-on-Year Change | | :--- | :--- | :--- | | **Power Generation** | **12.637 billion kWh** | Largely flat | | **Net Profit Attributable to Parent Company Shareholders** | **825 million yuan** | +16.87% | Controlled Installed Capacity by Type | Installed Capacity | Controlled Installed Capacity (MW) | | :--- | :--- | | **Thermal Power** | **4,000** | | **Hydropower** | **1,700.2** | | **Wind Power** | **1,103.5** | | **Solar Power** | **736** | | **Total** | **7,539.7** | - The company is actively expanding new energy projects, with approved (filed) projects including the Tengger Desert large-scale solar project and Qingyang 'East Data West Computing' new energy project, totaling **5,100.25 MW** of planned installed capacity[31](index=31&type=chunk)[32](index=32&type=chunk)[36](index=36&type=chunk) [Core Competitiveness Analysis](index=14&type=section&id=%E4%BA%8C%E3%80%81%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 competitiveness lies in three areas: a multi-energy complementary power structure of 'wind, solar, hydro, thermal, and storage' with locational advantages and peak-shaving capabilities; a robust pipeline of large-scale new energy projects, including the Tengger Desert large-scale base, ensuring broad development prospects; and its unique position as the sole listed capital operation platform for its controlling shareholder, Electric Power Investment Group, offering significant growth potential - The company possesses an integrated energy structure encompassing thermal, hydro, wind, and solar power, with its thermal power projects being among the largest peak-shaving power sources in Northwest China, and new energy projects located in the resource-rich Hexi Corridor region[38](index=38&type=chunk) - The company has secured significant project indicators, including the **6,000 MW** Tengger Desert large-scale new energy project and the **1,000 MW** Minqin wind-solar integrated project, laying a solid foundation for long-term development[38](index=38&type=chunk) - As the sole listed platform of its controlling shareholder, Electric Power Investment Group (Gansu Province's leading power generation enterprise), the company possesses strong capital operation capabilities and significant development potential[39](index=39&type=chunk) [Principal Business Analysis](index=14&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) During the reporting period, the company's operating revenue slightly increased by 0.19% year-on-year, primarily due to higher electricity sales prices Key Financial Performance Changes | Financial Indicators | Current Period (yuan) | Year-on-Year Change | Primary Reason | | :--- | :--- | :--- | :--- | | **Operating Revenue** | **3.93 billion** | 0.19% | Increase in electricity sales price | | **Operating Cost** | **2.36 billion** | -7.62% | Decrease in fuel costs | | **Financial Expenses** | **215.61 million** | -26.51% | Lower financing interest rates, reduced interest expenses | | **Net Cash Flow from Operating Activities** | **2.22 billion** | 71.25% | Increase in electricity sales price and decrease in fuel expenses | Operating Revenue and Gross Margin by Product Category | Product Category | Operating Revenue (yuan) | Proportion of Total Revenue | Gross Margin | Gross Margin Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | | **Hydropower Products** | **630.06 million** | 16.03% | 31.17% | +6.07% | | **Thermal Power Products** | **2.877 billion** | 73.19% | 43.66% | +11.12% | | **Wind Power Products** | **271.16 million** | 6.90% | 27.45% | -30.41% | | **Solar Power Products** | **142.47 million** | 3.62% | 23.77% | -12.75% | [Assets and Liabilities Analysis](index=16&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) As of the end of the reporting period, the company's total assets amounted to **36.656 billion yuan**, a 2.13% increase from the end of the previous year Asset and Liability Structure Changes | Asset/Liability Item | Proportion of Total Assets at Period End | Proportion of Total Assets at Year Start | Explanation of Change | | :--- | :--- | :--- | :--- | | **Construction in Progress** | 15.04% | 8.49% | Increase in capital expenditures for ChangLe Company's Units 5-6 | | **Fixed Assets** | 65.59% | 68.91% | Decrease in asset value due to depreciation | | **Accounts Receivable** | 7.27% | 8.19% | Decrease in accounts receivable for electricity fees | - As of the end of the reporting period, **2.575 billion yuan** of the company's assets were restricted, primarily due to fixed asset mortgages and concession right pledges for securing borrowings[55](index=55&type=chunk) [Investment Analysis](index=17&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company's investment amount remained largely consistent with the prior year - During the reporting period, Qingyang New Energy Company was newly established with a registered capital of **51 million yuan**, designated for investing in green power projects within the 'East Data West Computing' industrial park[58](index=58&type=chunk) Major Projects Under Construction Investment Details | Major Projects Under Construction | Investment Amount in Current Period (yuan) | Cumulative Investment Amount (yuan) | Project Progress | | :--- | :--- | :--- | :--- | | **ChangLe Company 2×1000 MW Coal-Fired Unit Expansion** | **1.934 billion** | **6.079 billion** | 80.89% | | **Yongchang Heqingtan 100 MW Photovoltaic Power Generation** | **338,963** | **338,963** | 0.31% | | **Qingyang 'East Data West Computing' Phase I 1,000 MW New Energy** | **9.507 million** | **9.507 million** | 0.27% | - In 2024, the company raised **1.882 billion yuan** in net proceeds from a share issuance for supporting funds, with **452 million yuan** utilized in the current period and **1.552 billion yuan** cumulatively utilized, representing an **82.48%** utilization rate, primarily for cash consideration payments and the ChangLe Company expansion project[63](index=63&type=chunk)[66](index=66&type=chunk) [Analysis of Major Holding and Participating Companies](index=20&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) During the reporting period, the performance of major subsidiaries diverged Net Profit and Performance Changes of Major Subsidiaries | Company Name | Type | Net Profit in Reporting Period (million yuan) | Reason for Performance Change | | :--- | :--- | :--- | :--- | | **ChangLe Company** | Subsidiary | **1,000.22** | Power generation costs decreased, net profit increased by 57.59% | | **Darong Company** | Subsidiary | **94.98** | Electricity sales price increased, net profit increased by 429.15% | | **Bingling Company** | Subsidiary | **44.72** | Electricity sales price increased, net profit increased by 34.08% | | **Hexi Company** | Subsidiary | **37.28** | Electricity sales price increased, net profit increased by 543.90% | | **Jiudianxia Company** | Subsidiary | **-16.98** | Reduced water inflow led to decreased power generation, net profit decreased by 134.54% | | **Jiuhui Company** | Subsidiary | **24.76** | Decreased power generation and electricity prices, net profit decreased by 88.68% | | **Xiaosanxia Company** | Participating Company | **257.46** | - | [Risks and Countermeasures](index=21&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces key risks including lower-than-expected returns from new projects, electricity price volatility due to intensified market competition, natural factors affecting power generation, monetary policy changes, stricter environmental regulations, production safety, and coal supply and price risks for thermal power operations - The company identified seven major risks: new project profitability risk, electricity market risk, natural factors risk, monetary policy risk, environmental policy risk, production safety risk, and coal supply and price risk[77](index=77&type=chunk)[79](index=79&type=chunk) - Countermeasures include: actively engaging in electricity market sales, thoroughly researching electricity market trading rules, enhancing economic operational efficiency, expanding financing channels to optimize debt structure, strengthening environmental and safety production management, and ensuring coal supply stability[77](index=77&type=chunk)[78](index=78&type=chunk)[79](index=79&type=chunk)[80](index=80&type=chunk) [Corporate Governance, Environment, and Society](index=25&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 corporate governance structure, including personnel adjustments, and outlines its environmental performance and social responsibility initiatives [Corporate Governance](index=25&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) During the reporting period, several key positions, including directors, supervisors, and senior management such as the Chief Financial Officer and Deputy General Manager, experienced personnel changes due to work reassignments - During the reporting period, several key positions, including directors, chairman of the supervisory board, deputy general manager, and chief financial officer, experienced personnel changes[90](index=90&type=chunk)[91](index=91&type=chunk) - The company plans no cash dividends, bonus shares, or capital increase from capital reserves for this half-year period[92](index=92&type=chunk) [Environmental and Social Responsibility](index=25&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) Among the company's major subsidiaries, only the thermal power enterprise ChangLe Company was included in the list of enterprises required to disclose environmental information by law - Subsidiary ChangLe Power Generation Company, as a thermal power enterprise, was included in the list of entities required to disclose environmental information by law and disclosed relevant information as per regulations[94](index=94&type=chunk)[95](index=95&type=chunk) ChangLe Company Environmental Performance | ChangLe Company Environmental Data (H1 2025) | Value | | :--- | :--- | | **Comprehensive Power Supply Coal Consumption** | 293.04g/kWh | | **Sulfur Dioxide Emissions** | **690.68 tons** | | **Nitrogen Oxides Emissions** | **1,235.99 tons** | | **Dust Emissions** | **43.146 tons** | - The company actively fulfilled its social responsibilities, engaging in activities such as water resource dispatch, community outreach, village assistance, and co-building civilized cities[98](index=98&type=chunk) [Significant Matters](index=27&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 details significant related party transactions and the status of major contracts, including entrusted management agreements and financing guarantees [Significant Related Party Transactions](index=28&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company engaged in multiple daily operational related party transactions with its controlling shareholder, Electric Power Investment Group, and its subsidiaries, totaling **65.197 million yuan**, which did not exceed the annual estimated limit - Actual daily related party transactions during the reporting period amounted to **65.197 million yuan**, primarily for receiving services and purchasing raw materials, not exceeding the annual estimated limit of **137.2051 million yuan**[109](index=109&type=chunk)[110](index=110&type=chunk) Affiliated Finance Company Transactions | Dealings with Affiliated Finance Company | Balance at Period End (million yuan) | Interest Rate Range | | :--- | :--- | :--- | | **Deposit Business** | **795.4475** | 0.55%-1.75% | | **Loan Business** | **560.3396** | 1.85%-2.65% | - The controlling shareholder, Electric Power Investment Group, provided a full, unconditional, and irrevocable joint and several liability guarantee for the company's registration and issuance of medium-term notes not exceeding **1 billion yuan**[117](index=117&type=chunk) [Major Contracts and Their Performance](index=30&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, to fulfill its commitment to avoid horizontal competition, the company was entrusted with managing certain clean energy power generation equity held by its controlling shareholder, Electric Power Investment Group, recognizing **1.8868 million yuan** in custody income in the first half - The company was entrusted with managing certain clean energy power generation equity of its controlling shareholder, Electric Power Investment Group, recognizing **1.8868 million yuan** in custody income in the first half of 2025[119](index=119&type=chunk) Subsidiary Guarantee Information | Guarantee Status | Amount (million yuan) | | :--- | :--- | | **Approved Guarantee Limit for Subsidiaries at Period End** | **1,960.585** | | **Actual Guarantee Balance for Subsidiaries at Period End** | **1,130.585** | | **Proportion of Total Actual Guarantees to Company's Net Assets** | 8.17% | [Share Changes and Shareholder Information](index=37&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 structure, particularly the lifting of sales restrictions on certain shares, and provides an overview of its shareholder base [Share Changes](index=37&type=section&id=1%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital of **3.244 billion shares** remained unchanged - **335,097,001** restricted shares issued to specific targets for supporting funds were lifted from sales restrictions on June 30, 2025[136](index=136&type=chunk)[139](index=139&type=chunk)[140](index=140&type=chunk) Share Capital Changes | Share Class | Quantity Before Change | Quantity After Change | Proportion Before Change | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | | **Restricted Shares** | **1.643 billion** | **1.308 billion** | 50.66% | 40.33% | | **Unrestricted Shares** | **1.601 billion** | **1.936 billion** | 49.34% | 59.67% | | **Total Share Capital** | **3.244 billion** | **3.244 billion** | 100.00% | 100.00% | [Shareholder Information](index=39&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **54,133** common shareholders Top Shareholders and Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held | | :--- | :--- | :--- | :--- | | **Gansu Electric Power Investment Group Co., Ltd.** | State-owned Legal Person | 63.23% | **2.051 billion** | | **China Yangtze Power Co., Ltd.** | State-owned Legal Person | 12.54% | **406.91 million** | | **China State-Owned Enterprise Structural Adjustment Fund Phase II** | State-owned Legal Person | 1.63% | **52.91 million** | | **Hubei Provincial Railway Development Fund Co., Ltd.** | Domestic Non-State-owned Legal Person | 1.63% | **52.91 million** | [Bond-Related Information](index=42&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 details on the company's outstanding non-financial enterprise debt financing instruments, including their terms, guarantees, and an analysis of the company's solvency [Non-Financial Enterprise Debt Financing Instruments](index=42&type=section&id=%E4%B8%89%E3%80%81%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) As of the end of the reporting period, the company had four outstanding medium-term notes with a total bond balance of **2 billion yuan** Outstanding Medium-Term Notes | Bond Abbreviation | Bond Balance (million yuan) | Interest Rate | Maturity Date | | :--- | :--- | :--- | :--- | | **22 Gansu Electric Power Investment GN001** | **500** | 3.50% | 2025-12-05 | | **23 Gansu Electric Power Investment GN001** | **500** | 4.10% | 2026-02-22 | | **24 Gansu Electric Power Investment MTN001** | **500** | 2.40% | 2027-06-21 | | **25 Gansu Electric Power Investment MTN001** | **500** | 2.25% | 2028-04-18 | - All outstanding medium-term notes are fully, unconditionally, and irrevocably guaranteed by the controlling shareholder or its parent company[153](index=153&type=chunk) Solvency Indicators Comparison | Solvency Indicators | Current Period | Prior Period | Change | | :--- | :--- | :--- | :--- | | **Asset-Liability Ratio** | 53.24% | 53.84% | -0.60% | | **Interest Coverage Ratio** | 6.31 | 4.13 | +52.78% | | **Cash Interest Coverage Ratio** | 10.41 | 5.68 | +83.27% | [Financial Report](index=45&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 unaudited consolidated and parent company financial statements for the first half of 2025, along with detailed notes explaining key financial items [Financial Statements](index=45&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This chapter provides the company's unaudited consolidated and parent company financial statements for the first half of 2025, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity, comprehensively reflecting the company's financial position as of June 30, 2025, and its operating results and cash flows for the first half of the year - The consolidated balance sheet shows total assets of **36.656 billion yuan**, total liabilities of **19.517 billion yuan**, and owners' equity attributable to the parent company of **13.832 billion yuan**[161](index=161&type=chunk)[162](index=162&type=chunk)[163](index=163&type=chunk) - The consolidated income statement shows total operating revenue of **3.931 billion yuan**, total profit of **1.391 billion yuan**, and net profit of **1.182 billion yuan** for the first half of 2025, with net profit attributable to the parent company being **825 million yuan**[170](index=170&type=chunk)[171](index=171&type=chunk) - The consolidated cash flow statement shows net cash flow from operating activities of **2.225 billion yuan**, net cash outflow from investing activities of **1.552 billion yuan**, and net cash outflow from financing activities of **790 million yuan**[178](index=178&type=chunk)[179](index=179&type=chunk) [Notes to Consolidated Financial Statement Items](index=86&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 chapter provides detailed explanations for key items in the consolidated financial statements - The accounts receivable balance at period-end was **2.74 billion yuan**, of which **2.153 billion yuan** was from renewable energy subsidy funds, constituting the main component of accounts receivable[323](index=323&type=chunk)[325](index=325&type=chunk) - The construction in progress balance at period-end was **5.515 billion yuan**, a significant increase from **3.047 billion yuan** at the beginning of the period, primarily due to increased investment in the ongoing ChangLe Power Generation Units 5 and 6 project, which has a budget of **7.516 billion yuan** and a cumulative investment of **5.419 billion yuan**[370](index=370&type=chunk)[371](index=371&type=chunk)[373](index=373&type=chunk) - During the reporting period, the company's research and development expenses amounted to **1.257 million yuan**, all expensed, primarily for system optimization and combustion adjustment tests of ChangLe Power Plant units[508](index=508&type=chunk) [Other Submitted Data](index=138&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%85%B6%E4%BB%96%E6%8A%A5%E9%80%81%E6%95%B0%E6%8D%AE) This section provides a record of the company's investor relations activities, including surveys, communications, and interviews conducted during the reporting period [Investor Relations Activities](index=138&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) In the first half of 2025, the company conducted four investor relations activities, including three on-site institutional surveys and one annual performance briefing - The company hosted four investor survey and communication activities during the reporting period, engaging with multiple securities firms, funds, and wealth management companies[596](index=596&type=chunk) - Key issues of investor concern included: company performance, dividend plans, installed capacity structure, new energy project reserves, and the commissioning schedule for ChangLe Company's new units[596](index=596&type=chunk)

浙江海森药业股份有限公司 2025 年半年度报告全文 浙江海森药业股份有限公司 2025 年半年度报告 2025 年 8 月 15 日 1 浙江海森药业股份有限公司 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。 公司负责人王式跃、主管会计工作负责人潘爱娟及会计机构负责人(会计 主管人员)潘爱娟声明：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。 本报告涉及未来计划等前瞻性陈述，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，请投资者注意投资风险。 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"中描述了公司未来经营中可能存在的风险及应对措施，敬请投资者关注 相关内容。 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 | | --- | --- | - ...

安徽辉隆农资集团股份有限公司 2025 年半年度报告全文 安徽辉隆农资集团股份有限公司 2025 年半年度报告 【2025 年 8 月】 1 安徽辉隆农资集团股份有限公司 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。 公司负责人程诚、主管会计工作负责人胡鹏及会计机构负责人(会计主管 人员)徐太宝声明：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，请投资者注意投资风险。 请投资者关注本报告"第三节管理层讨论与分析，十、公司面临的风险 和应对措施"中所示列的公司经营中可能存在的风险及应对措施。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 二、报告期内在中国证监会指定信息披露载体上公开披露过的所有公司文件正本及公告的 原稿。 三、载有公司董事长签名的公司 2025 年半年度报告文本。 四、以上备查文件的备置地点：公司证券 ...

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