华茂股份分析师会议-20250915

Group 1: Report Overview - The research object is Huamao Co., Ltd., belonging to the textile and clothing industry, and the reception time was on September 15, 2025 [16] - The participating institutions are investors who participated in the collective reception day event for Anhui listed company investors [2] Group 2: Company Responses to Investor Questions Business Model and Strategy - The company closely monitors textile industry policies and trends, adjusts product structure, marketing mode, and business strategy to improve performance, and currently has no plans for asset injection or company restructuring. It aims to strengthen the main textile business and develop two tracks: traditional industries and polylactic acid bio - based new materials [23][24] Financial Performance - In the first half of 2025, the company's net profit margin increased by 4.76 percentage points to 5.95%. The reasons were the significant contribution of investment income, effective cost - expense control, and the increase in the proportion of high - margin businesses, especially the 1.69 - percentage - point increase in the gross profit margin of non - textile businesses [24] Cost Control - The company achieved significant cost reduction through lean management, including using an online procurement platform to reduce raw material costs, promoting intelligent transformation to optimize the production process, and strictly controlling period expenses. In the first half of 2025, the financial expenses decreased by 6861400 yuan compared with the same period of the previous year, a year - on - year decrease of 26.35% [26] Share Price and Market Value Management - The management pays high attention to the company's share price fluctuations, promotes the development of the main business through measures such as obtaining orders, expanding the market, controlling expenses, and reducing costs, and adheres to cash dividends for a long time to enhance the company's recognition in the capital market [26] Other Questions - The company has no information that should be disclosed but has not been disclosed regarding participation in the research and development of the "Wangyu" Five - Starred Red Flag and lunar space suits. It cannot accurately predict the performance in the third quarter of 2025 [23][24]