Shang Hai Zheng Quan Bao·2025-08-29 21:38Core Points - The company has released its semi-annual report for 2025, which includes financial results and future development plans [1][8] - The board of directors has confirmed the authenticity and completeness of the report, taking legal responsibility for its content [1][4] Company Overview - The company is Shanghai Material Trade Co., Ltd., with stock codes 600822 and 900927 [4] - The report indicates that there are no changes in the controlling shareholder or actual controller [3] Financial Data - The semi-annual report is unaudited, and no profit distribution or capital reserve transfer to increase share capital is planned for the 2025 half-year [2][3] Board Meeting - The 20th meeting of the 10th board of directors was held on August 29, 2025, with all 9 directors present [5][6] - The board approved the semi-annual report and several resolutions, including the addition of a non-independent director to the remuneration and assessment committee [6][9] Company Actions - The board approved the liquidation and deregistration of two wholly-owned subsidiaries due to the absence of actual business since 2023 [12][14] - A risk assessment report for Baillan Group Financial Co., Ltd. was also approved, with independent directors abstaining from the vote [15][18]