Core Viewpoint - Huasheng Tiancheng reported a revenue of 2.262 billion yuan for the first half of 2025, marking a year-on-year increase of 5.11%, and achieved a net profit of 140 million yuan, reversing previous losses [1][2]. Financial Performance - The company’s net profit was primarily driven by the fair value change gains from holding Tai Lingwei stocks, with a significant increase in fair value change income from -151 million yuan in the previous year to 271 million yuan [2]. - However, the net profit after deducting non-recurring gains was -83.31 million yuan, indicating continued losses [2]. - Operating cash flow turned negative at -193 million yuan, compared to a positive 184 million yuan in the same period last year, attributed to increased prepaid procurement [3][4]. Balance Sheet Insights - Prepaid accounts increased by 53.84% to 702 million yuan, contributing to the negative cash flow [4]. - Short-term borrowings rose significantly by 43.94% to 1.244 billion yuan, reflecting the company's strategy to support business growth through increased loans [4]. - Accounts receivable grew by approximately 11.3% to 675 million yuan, outpacing revenue growth [4]. Investment Activities - The company reported investment income of 238 million yuan, mainly from direct and indirect holdings in Tai Lingwei stocks, with cash returns from investments amounting to 94.31 million yuan [5]. - Huasheng Tiancheng's stock price surged by 139.01% in August, making it a focal point in the A-share market [6]. Company Statements - Company representatives clarified that the profits were not from stock speculation but from long-term investments in Tai Lingwei, which transitioned to trading financial assets post-IPO [7]. - The company holds 17.8619 million shares of Tai Lingwei, representing 7.42% of its total equity, with the stock experiencing a year-to-date increase of 69.49% [7].

Core Points - The company has approved a differentiated cash dividend distribution plan, with a cash dividend of 0.205 CNY per share [1][2] - The total number of shares participating in the distribution is 236,500,849 shares after excluding 4,242,687 shares held in the repurchase account [2][3] - The total cash dividend amount to be distributed is approximately 48,482,674.05 CNY, including tax [2][3] Dividend Distribution Details - The cash dividend distribution plan was approved at the annual shareholders' meeting on May 28, 2025 [1] - The company will not issue bonus shares or convert capital reserves into share capital for the 2024 profit distribution [1][2] - The reference price for ex-dividend trading will be calculated based on the formula provided, with no change in circulating shares [2][3] Taxation Information - Individual shareholders will not have personal income tax withheld at the time of dividend distribution; the actual cash dividend received will be 0.205 CNY per share [4][5] - Different tax rates apply based on the holding period of the shares, with a maximum tax rate of 20% for shares held for one month or less [4][5] - For qualified foreign institutional investors (QFII), a 10% withholding tax will be applied, resulting in a net cash dividend of 0.1845 CNY per share [5][6]