Core Points - The board of directors of China Galaxy Securities held its sixth regular meeting and made several important resolutions [1][2][4] Group 1: Meeting Resolutions - The board approved the proposal for changes in accounting policies, which was previously reviewed by the audit committee [2] - The board approved the 2025 semi-annual report, also reviewed by the audit committee [2] - The board approved the mid-year profit distribution plan, which will be submitted for shareholder meeting approval [3][4] Group 2: Profit Distribution Details - The company will distribute cash dividends of RMB 1.25 per 10 shares to A-share and H-share shareholders, based on a total share capital of 10,934,402,256 shares, amounting to a total cash dividend of RMB 6.488 billion, representing 21.07% of the net profit [3] - The cash dividends will be paid in RMB to A-share shareholders and in RMB or equivalent Hong Kong dollars to H-share shareholders, with the exchange rate based on the average rate published by the People's Bank of China five working days before the shareholder meeting [3] Group 3: Other Resolutions - The board approved the 2023 executive compensation settlement plan, which requires shareholder meeting approval for matters related to directors and supervisors' compensation [5] - The board approved adjustments to the composition of the specialized committees, appointing Fan Xiaoyun as a member of the Compliance and Risk Management Committee, Nomination and Compensation Committee, and Audit Committee [5] - The board authorized the chairman to determine the time and place for the upcoming extraordinary shareholder meeting [6]

Overview - The company, Guotai Junan Securities Co., Ltd., announced a change in accounting policy on August 29, 2025, which was approved by the board of directors [1][4] - The change will not impact the company's financial status, operating results, or cash flow significantly, nor will it harm the interests of the company and its shareholders [1][4] Details of the Accounting Policy Change - The change is based on the Ministry of Finance's guidelines regarding the accounting treatment of standard warehouse receipts, which are treated as financial instruments rather than physical goods [2][3] - The company will adopt the retrospective adjustment method for the 2024 financial statements, with no impact on the balance sheet as of December 31, 2024, and no effect on the total profit and net profit for the first half of 2024 [3][4] Financial Impact - The adjustments to the financial statements are as follows (in RMB ten thousand): - Investment income increased from 294,310.22 to 303,684.39, an adjustment of 9,374.17 [3] - Other business income decreased from 384,168.56 to 11,148.57, an adjustment of -373,019.99 [3] - Other business costs decreased from 366,320.44 to 2,674.62, an adjustment of -363,645.82 [3] Committee Review - The audit committee unanimously approved the accounting policy change, confirming that it aligns with national regulations and will provide a more objective and fair representation of the company's financial status and operating results [4]

Group 1 - The company held its fourth board meeting on August 27, 2025, with all nine directors present, ensuring compliance with legal and regulatory requirements [10][12] - The board approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's operational status without any misleading statements [11][12] - The board also approved a special report on the storage and use of raised funds, affirming compliance with relevant regulations [15][87] Group 2 - The company has not distributed cash dividends or bonus shares during the reporting period [3] - There were no changes in the controlling shareholder or actual controller during the reporting period [7] - The company plans to hold its second extraordinary general meeting on September 15, 2025, to discuss relevant matters [80] Group 3 - The board passed multiple resolutions to amend various internal regulations, including the company's articles of association and management systems, which require shareholder approval [17][20][22][30][34][62] - The company has made adjustments to its accounting policies in accordance with the Ministry of Finance's regulations [4]

Core Viewpoint - The report outlines the fundraising activities and the management of raised funds by the company, ensuring compliance with relevant regulations and highlighting the effective use of funds for investment projects. Fundraising Overview - The company raised a total of RMB 200,345.04 million through the issuance of 26.67 million shares at RMB 75.12 per share, with a net amount of RMB 183,362.57 million after deducting issuance costs of RMB 16,982.47 million [1][18]. - As of June 30, 2025, the company has utilized RMB 138,177.92 million of the raised funds, including RMB 15,950.33 million for replacing pre-invested funds [2]. Fund Management and Storage - The company adheres to strict regulations for managing and using the raised funds, ensuring the protection of stakeholders' rights [3][4]. - A tripartite supervision agreement was signed with the sponsor and banks to oversee the management of the funds [3]. Fund Usage - In the first half of 2025, the company used RMB 182.57 million of the raised funds, bringing the total usage to RMB 138,360.49 million, all allocated to investment projects [6][8]. - There were no changes in the implementation location or method of the investment projects as of June 30, 2025 [7]. Pre-investment and Replacement - Prior to the actual arrival of the raised funds, the company invested RMB 16,425.87 million from its own funds, with RMB 15,950.33 million later replaced by the raised funds [8]. Idle Funds Management - There were no instances of using idle funds to temporarily supplement working capital or for cash management in the first half of 2025 [9][10]. Surplus Funds - Surplus funds from completed projects were permanently transferred to the company's general account for working capital [11][12]. Unused Funds - As of June 30, 2025, the company had RMB 174.03 million of unused raised funds, all stored in dedicated accounts [13]. Project Changes - There were no changes to the fundraising investment projects as of June 30, 2025 [15]. Compliance and Reporting - The company has complied with all relevant regulations regarding the storage, usage, and management of raised funds, with no violations reported [16].

Core Viewpoint - The company, *ST Kaixin, has released its semi-annual report indicating no cash dividends or stock bonuses will be distributed, and it has undergone accounting policy changes affecting its financial statements [1][3]. Company Overview - The company has undergone a retrospective adjustment of previous accounting data due to changes in accounting policies as per the Ministry of Finance's announcement on December 6, 2024 [3]. - The adjustments relate to the accounting treatment of estimated liabilities arising from quality guarantees that are not classified as individual performance obligations [3]. Financial Data and Indicators - The impact of the accounting policy change for the first half of 2024 includes a reported operating cost of 122,065.00 yuan and corresponding sales expenses of -122,065.00 yuan in both the consolidated and parent company profit statements [4]. - The company has confirmed that it does not have any changes in its controlling shareholder or actual controller during the reporting period [6][7]. Shareholder Information - There are no changes in the top 10 shareholders or the number of shareholders holding more than 5% of the shares during the reporting period [5][6]. - The company does not have any preferred shareholders or related information to report [8].

Core Viewpoint - The company is changing its accounting policy in response to a new guideline issued by the Ministry of Finance regarding the accounting treatment of standard warehouse receipts in futures trading, effective from January 1, 2025 [1][2]. Specific Situation and Impact on the Company Specific Situation - The new guideline clarifies that contracts for buying or selling standard warehouse receipts, which are frequently traded for profit without physical delivery, should be treated as financial instruments under the relevant accounting standards [2]. - The company has revised its revenue recognition method for these transactions, shifting from a gross method to recognizing the difference between the received consideration and the book value of the sold warehouse receipts as investment income [2][3]. Impact on Financial Statements - The change in accounting policy will not affect the company's net profit, net assets, or total assets for comparable periods. The financial statement impacts are as follows: - Operating revenue: 4,878,366,299.97 - 2,878,432,286.95 = 1,999,934,013.02 - Other business income: 2,900,781,419.27 - 2,893,405,990.86 = 7,375,428.41 - Investment income: 87,855,748.48 + 14,973,703.91 = 102,829,452.39 - Operating costs: 4,111,626,668.38 - 2,878,432,286.95 = 1,233,194,381.43 - Other business costs: 2,882,607,476.84 - 2,878,432,286.95 = 4,175,189.89 [3][4]. - The accounting policy change is deemed reasonable and compliant with legal regulations, ensuring that the company's financial status and performance are fairly represented [3][4].

Core Viewpoint - The company has undergone changes in accounting policies and has outlined its financial performance and future plans in the semi-annual report, with no cash dividends or stock bonuses planned for the reporting period [1][2]. Company Overview - The company has made retrospective adjustments to its financial statements due to changes in accounting policies, specifically related to the recognition of estimated liabilities for quality guarantees [2][3]. Financial Data and Indicators - The company is required to restate previous accounting data due to a change in accounting policy, which was prompted by the issuance of the "Interpretation No. 18 of the Enterprise Accounting Standards" by the Ministry of Finance on December 6, 2024 [2][3]. - The adjustments will affect the presentation of "operating costs" in the income statement and "other current liabilities" in the balance sheet [2][3]. Shareholder Information - There have been no changes in the controlling shareholder or actual controller during the reporting period [5][6]. Important Matters - The company has approved several significant transactions, including expected daily related party transactions totaling up to RMB 200 million with Guangdong Zhongbao, RMB 1 billion with Wanhe Parts, and RMB 660 million with Wanhe Group for borrowing [8][9]. - The company plans to raise up to RMB 650 million through a rights issue to fund various projects, including the construction of an automotive parts production base in Thailand and technical upgrades at its production base in Zhaoqing [10]. - The company has agreed to sell land use rights and ongoing construction projects for RMB 88.3 million [10].

Core Viewpoint - The document outlines the accounting policies, estimates, and error correction approval and disclosure system of Beijing Shuangjie Electric Co., Ltd, aiming to enhance the relevance, reliability, and completeness of financial reporting and information disclosure [2][11]. Chapter Summaries Chapter 1: General Principles - The purpose of the system is to standardize the application of accounting policies and estimates, improve management of changes, and ensure timely and complete information disclosure [2]. Chapter 2: Scope of Changes - Accounting policy changes refer to alterations in principles, bases, and methods used for accounting recognition, measurement, and reporting [3]. - Consistency in accounting policies is required for similar transactions, with changes allowed only under specific conditions such as legal requirements or improved reliability of information [3][4]. Chapter 3: Handling Changes and Errors - Changes in accounting estimates are based on the latest available information and affect the book value of assets or liabilities [4]. - Major accounting errors, defined as those affecting the reliability of financial statements, must be adjusted in the retained earnings of the earliest period [5][6]. Chapter 4: Approval and Disclosure of Policy Changes - Changes in accounting policies require sufficient evidence of their reasonableness and must be approved by the board of directors, with disclosure obligations to the Shenzhen Stock Exchange [7][8]. Chapter 5: Approval and Disclosure of Estimate Changes - Significant changes in accounting estimates must be reported similarly to policy changes, with specific thresholds for board approval and disclosure [9][10]. Chapter 6: Approval and Disclosure of Major Errors - Major accounting errors must be reported and disclosed following board approval, with specific criteria for when a special audit report is required [10]. Chapter 7: Supplementary Provisions - The system is subject to interpretation by the board of directors and is effective upon approval by the shareholders' meeting [11].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 证券代码：300152 证券简称：ST 新动力 公告编号：2025-049 雄安新动力科技股份有限公司 雄安新动力科技股份有限公司（以下简称"公司"）根据财政部颁布的《企 业会计准则解释第 17 号》（财会[2023]21 号）及《企业会计准则解释第 18 号》 （财会[2024]24 号）的相关要求，变更公司有关会计政策。本次会计政策变更 对公司报表无影响。 根据《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》等有关规定，公司本次会计政策变更是公司依据法律法规和国家统一 的会计制度要求进行的变更，不属于公司自主变更会计政策的情形，不会导致公 司已披露的年度财务报告出现盈亏性质改变，未对公司当期的财务状况、经营成 果和现金流量产生影响，也不涉及以前年度追溯调整，无需提交公司董事会和股 东会审议。 相关会计政策变更的具体情况如下： 一、本次会计政策变更概述 （一）变更的原因及变更时间 号），规定了"关于不属于单项履约义务的保证类质量保证的会计处理"的内容， 该解释规定自印发之 ...

Core Viewpoint - The company has changed its accounting policy regarding inventory valuation methods, specifically adding the "first-in, first-out" (FIFO) method for raw materials and inventory goods, which will not have a significant impact on its financial status or operating results [1][2][4]. Summary by Sections Accounting Policy Change Overview - The change in accounting policy is in accordance with the Ministry of Finance's regulations and is based on the current inventory management policies of the company's subsidiary, Zhuhai Duty-Free [1][2]. - The board of directors approved the change on August 22, 2025, and it does not require shareholder approval [1]. Reasons for Policy Change - The policy change is a result of the completion of significant asset swaps, leading to Zhuhai Duty-Free becoming a subsidiary under common control, necessitating adjustments in financial reporting [1][2]. Previous and New Accounting Policies - Prior to the change, the company used the weighted average method for inventory valuation and individual pricing for developed products [2]. - The new policy allows for either the weighted average method or FIFO for raw materials and inventory goods, while maintaining individual pricing for developed products [2]. Impact of the Policy Change - The change is not expected to have a substantial impact on the company's equity or net profit, and it will not involve retrospective adjustments to previous financial statements [2][4]. - The new policy aims to provide more reliable and accurate accounting information [3][4].