证券代码：301227 证券简称：森鹰窗业 公告编号：2025-083 哈尔滨森鹰窗业股份有限公司 第九届董事会第二十五次会议决议公告 二、董事会会议审议情况 经与会董事审议并以记名投票表决的方式，审议并通过了如下议案： （一）审议通过《关于补选公司第九届董事会审计委员会委员的议案》 公司于2025年9月9日召开职工代表大会，经全体与会职工代表表决，选举 周文晶先生为公司第九届董事会职工代表董事。 为保证董事会专门委员会正常有序开展工作，根据《公司法》《公司章程》 及相关法律法规的规定，公司董事会补选周文晶先生为公司第九届董事会审计 委员会委员，与李文女士（主任委员）、董嘉鹏先生共同组成第九届董事会审 计委员会，任期自本次董事会审议通过之日起至第九届董事会届满之日止。 具体内容详见公司披露于巨潮资讯网（http://www.cninfo.com.cn）的相关公 告。 1 表决结果：同意7票；反对0票；弃权0票。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 哈尔滨森鹰窗业股份有限公司（以下简称"公司"）第九届董事会第二十 五次会议于2 ...

证券代码：301227 证券简称：森鹰窗业 公告编号：2025-084 哈尔滨森鹰窗业股份有限公司 关于非独立董事辞职暨选举职工代表董事及 补选董事会审计委员会委员的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、非独立董事辞任既选举职工代表董事的情况 哈尔滨森鹰窗业股份有限公司（以下简称"公司"）董事会于近日收到公 司非独立董事周文晶先生提交的书面辞职报告，周文晶先生因公司治理结构调 整，申请辞去公司董事及董事会专门委员会委员职务。周文晶先生原定任期至 第九届董事会届满之日止（即2026年10月12日）。根据《公司法》《深圳证券 交易所上市公司自律监管指引第2号——创业板上市公司规范运作》《公司章程》 等相关规定，周文晶先生的辞职不会导致公司董事会成员低于法定最低人数， 其辞职报告自送达公司董事会时生效。 公司于2025年9月9日召开职工代表大会，经全体与会职工代表表决，选举 周文晶先生（简历详见附件）为公司第九届董事会职工代表董事。 本次选举周文晶先生为职工代表董事后，公司董事会中兼任高级管理人员 职务的董事以及由职工代表担任的董事总计不超过公司 ...

哈尔滨森鹰窗业股份有限公司 2025年第四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内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无增加、变更、否决议案的情况； 2、本次股东大会不涉及变更以往股东大会决议的情形； 证券代码：301227 证券简称：森鹰窗业 公告编号：2025-082 （3）会议召集人及主持人：本次会议由公司第九届董事会召集，由公司董 事王建杰女士主持（董事长边可仁先生因工作原因以通讯方式出席会议，未能 现场主持本次会议，经半数以上董事推举，由董事王建杰女士主持本次会议）。 3、本次股东大会以现场和网络投票相结合的方式召开。 1 规定。 2、会议出席情况 （1）股东出席的总体情况：通过现场和网络投票的股东及股东代理人共24 人，代表股份61,577,200股，占公司有表决权股份总数（已扣除公司回购专用账 户股份数量，下同）的67.9877％。其中：通过现场投票的股东及股东代理人共 10人，代表股份61,564,600股，占公司有表决权股份总数的67.9738％。通过网 络投票的股东14人，代表股份12,600股，占公司有表决权股份总 ...

深圳市福田区中心五路 18 号星河中心大厦 19 层 电话：0755-23993388 传真：0755-86186205 邮编：518048 国枫律股字[2025]C0101 号 致：哈尔滨森鹰窗业股份有限公司（贵公司） 北京国枫（深圳）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师 出席并见证贵公司 2025 年第四次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律 业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法 律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《哈尔滨森鹰窗业股 份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、 召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 1．本所律师仅就本次会议的召集与召开程序、召 ...

Core Viewpoint - The announcement indicates that the controlling shareholder and actual controller's concerted action partner, Bian Kerun, has reduced his stake in the company through centralized bidding transactions, alongside a reduction by the company's director and CFO, Liu Chujie, indicating potential shifts in insider ownership and market sentiment [1] Summary by Relevant Categories Shareholder Actions - Bian Kerun reduced his holdings by 202,600 shares, representing 0.21% of the company's total share capital on August 29, 2025 [1] - Liu Chujie, the director and CFO, reduced his holdings by 237,500 shares, accounting for 0.25% of the company's total share capital from August 29 to September 1, 2025 [1] - The reduction plans for both parties have been completed [1]

哈尔滨森鹰窗业股份有限公司 关于控股股东及实际控制人之一致行动人暨部分董事、高 级管理人员减持计划完成的公告 边可仁先生、刘楚洁女士保证向本公司提供的信息内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 哈尔滨森鹰窗业股份有限公司（以下简称"公司"）于 2025 年 7 月 17 日 披露了《关于控股股东及实际控制人之一致行动人暨部分董事、高级管理人员 减持股份的预披露公告》（公告编号：2025-063）。 证券代码：301227 证券简称：森鹰窗业 公告编号：2025-081 二、其他相关说明 1、本次减持符合《公司法》《证券法》《上市公司股东减持股份管理暂行 办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 18 号——股东及董事、高级管理人员减持股份》等相关法律、法 规及规范性文件的规定； 2、本次减持计划实施不会导致公司控制权发生变更，不会对公司治理结构、 股权结构及持续性经营产生影响； 3、本次减持事项已按照相关规定进行了预披露，本次减持符合预披露的减 持计划，不存在违反已披露的减持计划 ...

Group 1 - The core point of the news is that Senying Windows (301227) has seen significant financing activity, with a net financing purchase of 3.207 million yuan on August 27, 2025, and a total net purchase of 16.7678 million yuan over the last three trading days [1][2][3] - The financing balance for Senying Windows reached 110 million yuan, reflecting a 3% increase from the previous day [2][3] - In the last 20 trading days, there have been 12 days with net financing purchases, indicating a positive trend in investor sentiment towards the stock [1] Group 2 - The financing net purchases for the last few trading days are as follows: 3.207 million yuan on August 27, 5.6215 million yuan on August 26, and 7.9392 million yuan on August 25 [2] - The financing balance has shown a consistent upward trend, increasing from 101 million yuan on August 25 to 110 million yuan on August 27 [2][3] - The proportion of financing balance to the circulating market value was 9.28% on August 27, indicating a growing interest in the stock among investors [2]

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [1] Core Views - The construction materials industry is showing signs of improvement despite being under pressure. Leading companies in consumer building materials are beginning to collaborate on price increases, indicating a stabilization in competition. The profitability of companies like Sankeshu is improving due to better product structure and reduced costs. The industry is transitioning from a downturn to a recovery phase, with expectations of improved profitability across various categories in the second half of the year [3][4] - The cement sector is expected to see a price increase as it enters the peak season, with July's cement production at 146 million tons, down 5.6% year-on-year. The glass industry is facing a downward trend in demand, with prices continuing to decline due to supply-demand imbalances [4][8] - The report highlights key companies to watch, including Dongfang Yuhong, Sankeshu, Beixin Building Materials, and Tubao for consumer building materials, and Conch Cement and Huaxin Cement for the cement sector. In the glass sector, Qibin Group is noted for its performance [3][4] Summary by Sections Industry Overview - The construction materials industry index increased by 2.91% in the past week, ranking 8th among 31 sub-industry indices [5] - The closing point for the industry was 5240.54, with a 52-week high of 5240.54 and a low of 3435.69 [1] Cement Sector - The cement market is entering a peak season, with prices expected to rise in September. The production in July was 146 million tons, reflecting a year-on-year decline of 5.6% [4][8] - The implementation of policies to limit overproduction is anticipated to enhance capacity utilization in the cement industry [4] Glass Sector - The glass market is experiencing a continuous decline in demand, with prices dropping 1-4 RMB per weight box across various regions. The industry is facing significant inventory pressure [14] - The report suggests that the "anti-involution" sentiment has led to a significant drop in futures prices, with limited improvement in downstream demand [14] Key Company Announcements - Sankeshu reported a revenue of 5.816 billion RMB for the first half of 2025, a year-on-year increase of 0.97%, with a net profit of 436 million RMB, up 107.53% [18] - Zhongcai Technology achieved a revenue of 13.331 billion RMB, a year-on-year increase of 26%, with a net profit of 999 million RMB, up 115% [18] - Beixin Building Materials reported a revenue of 13.56 billion RMB, a slight decline of 0.3%, with a net profit of 1.93 billion RMB, down 12.9% [19][20]

Core Viewpoint - The financial performance of Senying Windows (301227) for the first half of 2025 shows a slight increase in revenue but a significant decline in net profit, indicating potential challenges in profitability despite revenue growth [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 247 million yuan, a year-on-year increase of 3.89% compared to 237 million yuan in 2024 [1]. - The net profit attributable to shareholders was -12.75 million yuan, a drastic decline of 2625.13% from a profit of 0.505 million yuan in the previous year [1]. - The gross profit margin improved to 24.35%, up 8.48% year-on-year, while the net profit margin fell to -5.17%, a decrease of 2531.04% [1]. - Total receivables accounted for 41.87% of total revenue, indicating a significant amount of outstanding payments [1]. Cash Flow and Financial Ratios - Operating cash flow decreased by 34.32%, attributed to reduced sales collections [3]. - The net cash flow from financing activities increased by 103.79%, driven by increased borrowings and reduced share repurchases [4]. - The average operating cash flow over the past three years is only 17.06% of current liabilities, raising concerns about liquidity [4]. Changes in Financial Items - Accounts receivable increased by 181.79% due to higher bill collections [2]. - Financial expenses rose by 60.55%, primarily due to decreased bank interest income [2]. - The company’s total liabilities increased by 26.83%, indicating a rise in interest-bearing debt [1]. Business Model and Investment Outlook - The company's business model relies heavily on capital expenditures, necessitating careful evaluation of the profitability of these investments [4]. - Analysts project a modest improvement in performance for 2025, with expected earnings of 4 million yuan and an average earnings per share of 0.04 yuan [4].

Core Viewpoint - Harbin Senying Window Industry Co., Ltd. has announced an increase in the cash management limit for idle self-owned funds to enhance the efficiency of fund utilization and generate better returns for the company and its shareholders [1][2][3]. Group 1: Cash Management Increase - The company approved the use of up to 2 billion yuan of idle self-owned funds for cash management, raising the total limit to 5 billion yuan [2][3]. - The cash management limit will be shared between the company and its wholly-owned subsidiaries, with a usage period from the date of shareholder meeting approval until May 15, 2026 [2][3]. - The funds can be used for investments in low-risk, highly liquid principal-protected investment products with a maximum investment term of 12 months [3]. Group 2: Purpose and Implementation - The purpose of increasing the cash management limit is to improve the efficiency of idle self-owned funds without affecting the company's normal operations [3][5]. - The management team is authorized to make investment decisions within the approved limit and timeframe, with the finance department responsible for implementation [3][5]. - The company will ensure compliance with relevant regulations and timely information disclosure regarding the cash management activities [3][5]. Group 3: Approval Process and Opinions - The proposal was approved during the 24th meeting of the 9th Board of Directors and the 20th meeting of the 9th Supervisory Board on August 21, 2025 [5]. - The Supervisory Board believes that this move will enhance fund utilization efficiency and will not harm the interests of the company or its shareholders, especially minority shareholders [5]. - The sponsoring institution has confirmed that the necessary procedures have been followed and that the increase in cash management limit complies with relevant laws and regulations [5].