Company Overview - Xuelong Group is located in Beilun District, Ningbo, Zhejiang Province, established on February 4, 2002, and listed on March 10, 2020 [2] - The company specializes in the research, production, and sales of internal combustion engine cooling system products and lightweight plastic products for automobiles [2] - Main business revenue composition includes: clutch fan assembly 62.21%, fan assembly 22.10%, lightweight blow-molded products 8.90%, others 4.15%, and additional 2.64% [2] Financial Performance - For the first half of 2025, Xuelong Group achieved operating revenue of 212 million yuan, a year-on-year increase of 9.95% [2] - The net profit attributable to the parent company was 41.28 million yuan, representing a year-on-year growth of 26.00% [2] - Cumulative cash dividends since the A-share listing amount to 325 million yuan, with 154 million yuan distributed over the past three years [3] Stock Performance - As of September 22, Xuelong Group's stock price decreased by 2.02%, trading at 20.40 yuan per share, with a total market capitalization of 4.307 billion yuan [1] - Year-to-date, the stock price has increased by 71.57%, but it has declined by 9.21% over the last five trading days [1] - The company has appeared on the trading leaderboard 15 times this year, with the most recent appearance on May 27, where it recorded a net buy of 24.29 million yuan [1] Shareholder Information - As of June 30, the number of shareholders was 18,300, a decrease of 46.70% from the previous period [2] - The average circulating shares per person increased by 87.60% to 11,471 shares [2]

Group 1 - The core viewpoint of the news is that Xuelong Group reported a revenue increase of 9.95% year-on-year for the first half of 2025, with a net profit growth of 26.00% [1] - The company's operating income for the first half of 2025 was 212 million yuan, and the net profit attributable to shareholders was 41.27 million yuan [1] - The basic earnings per share for the reporting period was 0.20 yuan, with a weighted average return on equity of 4.00% [1] Group 2 - The gross profit margin for the first half of 2025 was 34.56%, a decrease of 4.33 percentage points year-on-year, while the net profit margin increased by 2.48 percentage points to 19.49% [1] - In Q2 2025, the gross profit margin improved to 35.21%, up 2.64 percentage points year-on-year and 1.33 percentage points quarter-on-quarter, with a net profit margin of 21.70%, an increase of 6.61 percentage points year-on-year [1] - The company's period expenses for the first half of 2025 were 31.24 million yuan, a decrease of 12.63 million yuan compared to the same period last year, with a period expense ratio of 14.75% [2] Group 3 - The shareholder concentration improved, with the total number of shareholders decreasing to 18,300, a decline of 46.70% from the previous quarter [2] - The average market value per shareholder increased by 22.73% from 177,400 yuan to 217,800 yuan [2] - Xuelong Group's main business includes the research, production, and sales of internal combustion engine cooling system products and lightweight plastic products for automobiles, with the main revenue sources being clutch fan assemblies (62.21%) and fan assemblies (22.10%) [2]

Core Viewpoint - The actual controller of Xuelong Group, He Cailin, plans to reduce his shareholding by up to 6,334,090 shares, representing 3.00% of the total shares, due to personal financial needs. The reduction will occur within three months after the announcement and will not affect the company's control or governance structure [1][3]. Shareholding Structure - As of the announcement date, He Cailin directly holds 27,820,660 shares, accounting for 13.18% of the total shares. His associates, He Pinyan and He Qunyan, hold 24,170,020 shares each (11.45% each). Hong Kong Green Source Holdings Limited holds 41,848,100 shares (19.82%), and Ningbo Weier Sai Investment Holdings Limited holds 31,471,440 shares (14.91%). Together, they hold 149,480,240 shares, representing 70.80% of the total shares [2]. Company Background - Xuelong Group was listed on the Shanghai Stock Exchange on March 10, 2020, with an initial issuance of 37.47 million shares at a price of 12.66 yuan per share. The total funds raised amounted to 474.37 million yuan, with a net amount of 431.51 million yuan allocated for various projects [4]. Financial Performance - In 2024, the company reported an operating income of 360 million yuan, a decrease of 6.26% year-on-year. The net profit attributable to shareholders was 60.41 million yuan, down 14.43%, while the net profit after deducting non-recurring gains and losses was 40.36 million yuan, a decrease of 21.31%. The net cash flow from operating activities was 80.70 million yuan, an increase of 2.07% [5][6]. Recent Developments - In the first quarter of 2025, the company reported an operating income of 104 million yuan, a year-on-year increase of 2.60%. The net profit attributable to shareholders was 17.77 million yuan, down 6.02%, while the net profit after deducting non-recurring gains and losses increased by 12.39% to 15.87 million yuan. The net cash flow from operating activities was -1.44 million yuan, an improvement from -3.29 million yuan in the previous year [7]. Future Plans - On April 29, 2025, Xuelong Group announced a plan to issue shares to specific investors, with a total fundraising amount not exceeding 203.37 million yuan. The funds will be used for the construction of an intelligent manufacturing base for energy-saving fan integrated systems [8].