Core Points - The company has approved a change in registered capital from RMB 1,665.394648 billion to RMB 1,648.598206 billion during board and shareholder meetings held on July 18 and August 4, 2025 [1] - The company has completed the registration change and obtained a new business license from the Cangzhou High-tech Zone Administrative Approval Bureau [1] Group 1 - The company name is Cangzhou Mingzhu Plastic Co., Ltd., with a unified social credit code of 911309006013103039 [1] - The company type is listed as other joint-stock limited company [1] - The legal representative is Yu Zengsheng, and the registered capital is RMB 1,648,598,206 [1] Group 2 - The company was established on January 2, 1995, and is located at No. 77 Yongji West Road, Cangzhou High-tech Zone, Hebei Province [1] - The business scope includes production and sales of various plastic pipes and fittings, technical services, and import-export activities [1]

Core Points - The company, Cangzhou Mingzhu Plastic Co., Ltd., has completed the registration change of its capital and received a new business license [1][2][3] - The registered capital has been changed from RMB 1,665.394648 billion to RMB 1,648.598206 billion [1] - The company held board and shareholder meetings on July 18 and August 4, 2025, to approve the capital change and amend the articles of association [1] Company Information - Company Name: Cangzhou Mingzhu Plastic Co., Ltd. [1] - Unified Social Credit Code: 911309006013103039 [1] - Type: Other Joint Stock Company (Listed) [1] - Legal Representative: Yu Zengsheng [1] - Established Date: January 2, 1995 [1] - Address: No. 77, Yongji West Road, Cangzhou High-tech Zone, Hebei Province [1] Business Scope - Production and sales of polyethylene gas and water supply pipes and fittings, double-wall corrugated pipes, silicone tubes, and other plastic pipes and fittings [1] - Research and promotion of fiber-reinforced thermoplastic composite pipes [1] - Installation and technical services for polyethylene plastic pipelines [1] - Production and sales of food-grade polyamide films, polyimide fresh-keeping films, and other plastic products [1] - Production and sales of lithium-ion battery separator products [1] - Technical consulting, services, and transfer related to oil and gas supporting equipment and oilfield operations [1] - Rental of properties and sales of various products including hardware, electromechanical products, paper products, wooden products, and lubricants [1]

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the information disclosed in its quarterly report, and assumes legal responsibility for any false records or misleading statements [2][3][4] - The first quarter report is not audited [3][17] - The company reported a significant increase in inventory by 31.19%, amounting to 108,960,972.63 yuan, due to increased raw material and product reserves [4][5] Group 2 - The company experienced a 50.49% decrease in contract assets, amounting to a reduction of 22,207,016.16 yuan, primarily due to a decrease in warranty deposits [4][5] - The company reported a 100% decrease in held-for-sale assets, with a reduction of 6,372,111.06 yuan, as assets in Zhangzhuangzi Industrial Park were sold [5] - The company’s financial expenses increased by 85.62% compared to the previous year, primarily due to increased interest on fixed asset loans [5][6] Group 3 - The company’s net cash flow from operating activities decreased by 33.24%, amounting to a reduction of 34,360,695.54 yuan, mainly due to increased cash payments for raw material purchases [9] - The company’s net cash flow from investing activities increased by 78.98%, amounting to an increase of 49,125,663.27 yuan, due to reduced capital expenditures for fixed assets [10] - The company’s net cash flow from financing activities increased by 295.70%, amounting to an increase of 195,605,982.99 yuan, primarily due to increased bank loans [11] Group 4 - The company’s total comprehensive income attributable to the parent company decreased by 124.23%, amounting to a reduction of 91,392,176.34 yuan, mainly due to negative other comprehensive income recognized from Cangzhou Bank [8] - The company plans to distribute cash dividends of 166,465,414.80 yuan for the 2024 fiscal year, which represents 107.57% of the net profit attributable to shareholders [19][21] - The company’s total assets as of December 31, 2024, were reported at 500,000 million yuan, with a net asset ratio of 97.08% for the proposed guarantee limit for subsidiaries [45][54]