Group 1 - The core viewpoint of the article is that Hexing Packaging (002228.SZ) reported a decrease in revenue for the first half of 2025 while showing an increase in net profit [1] - The company's operating revenue for the first half of 2025 was 5.148 billion yuan, a year-on-year decrease of 9.52% [1] - The net profit attributable to shareholders of the listed company was 115 million yuan, reflecting a year-on-year increase of 30.87% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 112 million yuan, which is a year-on-year increase of 23.61% [1] - The basic earnings per share were 0.1 yuan [1]

Core Points - The company held its seventh supervisory board's fourth meeting on August 28, 2025, to review and approve the 2025 semi-annual report and asset impairment provisions [1][2] - The supervisory board unanimously agreed that the procedures for preparing and reviewing the semi-annual report complied with legal and regulatory requirements, ensuring the report accurately reflects the company's actual situation [1] - The board also approved the provision for asset impairment, stating it fairly represents asset value and enhances the reliability of the company's financial information [2] Summary by Sections Meeting Details - The meeting was conducted in a hybrid format, combining in-person and remote participation, and was convened by Mr. Zheng Kaijing [1] - All three supervisory board members attended, and the meeting adhered to the relevant provisions of the Company Law and the company's articles of association [1] Semi-Annual Report - The supervisory board approved the 2025 semi-annual report with a unanimous vote of 3 in favor, 0 against, and 0 abstentions [1] - The report is set to be published on August 30, 2025, in the Securities Times, Securities Daily, and on the Giant Tide Information Network [2] Asset Impairment Provision - The supervisory board also approved the asset impairment provision with the same voting outcome, emphasizing that it does not harm the interests of the company or its shareholders [2] - Details regarding the asset impairment provision will also be published on August 30, 2025, in the same outlets [2]

Core Viewpoint - Hexing Packaging (002228.SZ) reported a decline in revenue for the first half of 2025, while net profit showed significant growth [1] Financial Performance - The company achieved operating revenue of 5.148 billion yuan, a year-on-year decrease of 9.52% [1] - Net profit attributable to shareholders was 115 million yuan, reflecting a year-on-year increase of 30.87% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 112 million yuan, up 23.61% year-on-year [1] - Basic earnings per share were reported at 0.10 yuan [1]

厦门合兴包装印刷股份有限公司 2025 年半年度财务报告 厦门合兴包装印刷股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：厦门合兴包装印刷股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 952,542,101.79 | 566,741,451.03 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 18,591,614.71 | 18,242,544.71 | | 应收账款 | 2,193,627,201.01 | 2,344,259,233.64 | | 应收款项融资 | 306,605,610.89 | 357,417,480.17 | | 预付款项 | 33,375,910.45 | 37,500,991.89 | | 应收保费 | | | ...

证券代码：002228 证券简称：合兴包装 公告编号：2025-092 号 厦门合兴包装印刷股份有限公司 关于 2025 年半年度计提资产减值准备的公告 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。 厦门合兴包装印刷股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日 召开第七届董事会第七次会议和第七届监事会第四次会议，审议并通过了《关于 2025 年半年度计提资产减值准备的议案》，具体情况公告如下： 一、本次计提资产减值准备概述 根据《企业会计准则》《深圳证券交易所股票上市规则》以及公司会计政策 的相关规定，为了真实、准确地反映公司资产状况及经营成果，基于谨慎性原则， 公司对截至 2025 年 6 月 30 日合并报表范围内的各类资产进行了全面清查和减值 测试，对存在减值迹象的相关资产计提相应的减值损失测试后，公司 2025 年半 年度计提的资产减值损失（含信用减值损失）合计 2,807.05 万元，如下表所示： 单位：万元 | 类别 | 项目 | 2025 | 年半年度计提减值损失 | | --- | --- | --- | --- | | ...

厦门合兴包装印刷股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：厦门合兴包装印刷股份有限公司 | | | | | | | | | 单位：万元 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 占用方与 | 上市公司核算的会 | 年期初 2025 | 年半年 2025 | 年半年 2025 | 年半年 2025 | 年半年 2025 | 占用形 | 占用性质 | | | | 上市公司 | 计科目 | 占用资金余额 | 度占用累计发 | 度占用资金的 | 度偿还累计发 | 度期末占用资 | 成原因 | | | | | 的关联关 | | | 生金额（不含 | 利息(如有) | 生金额 | 金余额 | | | | | | 系 | | | 利息） | | | | | | | 控股股东、实际控 | | | | | | | | | | 非经营性占用 | | 制人及其附属企业 | | | | | | | | | | 非经营性占用 | | 小计 ...

根据《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》相 关规定，上述事项不属于前期会计差错，不涉及前期财务数据追溯调整。公司补 缴上述税款及滞纳金将计入 2025 年当期损益，预计将影响公司 2025 年度归属于 上市公司股东的净利润 1,456.44 万元，最终财务数据以 2025 年度经审计的财务 报表为准。敬请广大投资者注意投资风险。 特此公告。 厦门合兴包装印刷股份有限公司 证券代码：002228 证券简称：合兴包装 公告编号：2025-089 号 厦门合兴包装印刷股份有限公司 关于缴纳税款的公告 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。 厦门合兴包装印刷股份有限公司（以下简称"公司"）近期对纳税义务履行 情况开展了自查，现将有关事项公告如下： 一、基本情况 公司在日常税务合规自查过程中，对公司可转债相关财税处理进行了专项复 核，经自查确认，因可转债利息费用的税会处理差异，公司需补缴企业所得税 1,125.28万元，企业所得税滞纳金331.16万元，截至本公告披露日，公司已将上 述企业所得税及滞纳金合计1,456.44万元缴纳完毕 ...

经认真审核，监事会认为董事会编制和审核公司 2025 年半年度报告的程序符 合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公 司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 公司 2025 年半年度报告请详见刊载于 2025 年 8 月 30 日的《证券时报》《证 券日报》和巨潮资讯网(http://www.cninfo.com.cn)。 二、会议以 3 票同意，0 票反对，0 票弃权，审议通过了《关于 2025 年半年 度计提资产减值准备的议案》。 证券代码：002228 证券简称：合兴包装 公告编号：2025-093 号 厦门合兴包装印刷股份有限公司 第七届监事会第四次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 厦门合兴包装印刷股份有限公司（以下简称"公司"或"本公司"）第七届 监事会第四次会议于 2025 年 8 月 28 日在厦门市湖里区五缘湾同安商务大厦 2 号 楼 19 楼会议室以现场会议和通讯相结合的方式召开。本次监事会会议通知已于 2025 年 8 月 18 日发出，并获得监事确认。公司本届 ...

证券代码：002228 证券简称：合兴包装 公告编号：2025-090 号 厦门合兴包装印刷股份有限公司 第七届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 厦门合兴包装印刷股份有限公司（以下简称"公司"或"本公司"）第七届 董事会第七次会议于 2025 年 8 月 28 日在厦门市湖里区五缘湾同安商务大厦 2 号 楼 19 楼会议室以现场会议和通讯相结合的方式召开。本次董事会会议通知已于 2025 年 8 月 18 日发出，并获得董事确认。公司本届董事会有董事 7 人，亲自出席 会议的董事 7 人。公司监事及高级管理人员列席了本次会议。会议符合《公司法》 和《公司章程》的有关规定。会议由公司董事长许晓光先生召集并主持。 经与会董事认真审议，以投票表决方式通过了以下决议： 一、会议以 7 票同意，0 票反对，0 票弃权，审议通过了《关于公司 2025 年 半年度报告及其摘要的议案》； 经认真审议，董事会认为：公司2025年半年度报告的编制和审核议程符合法 律、法规、《公司章程》及内部管理制度的各项规定；报告的内容和格式符合中 国证 ...

Financial Performance - The company's revenue for the first half of 2025 was ¥5,148,165,231.13, representing a decrease of 9.52% compared to ¥5,689,892,421.88 in the same period last year[20] - Net profit attributable to shareholders increased by 30.87% to ¥115,195,275.10 from ¥88,023,832.38 year-on-year[20] - Basic and diluted earnings per share rose by 42.86% to ¥0.10 from ¥0.07 in the same period last year[20] - The company's revenue for the reporting period was approximately ¥5.15 billion, a decrease of 9.52% compared to ¥5.69 billion in the same period last year[52] - The net profit attributable to the parent company was 11,519.53 million yuan, an increase of 30.87% year-on-year[36] - The company reported a significant increase in financing activities, with net cash flow from financing activities rising by 209.45% to approximately ¥341.91 million, mainly due to increased bank borrowings[52] - The company reported a total comprehensive income of ¥121,672,521.32 for the first half of 2025, compared to ¥67,583,982.78 in the first half of 2024[189] Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 67.83%, amounting to ¥118,249,292.88 compared to ¥367,585,674.94 in the previous year[20] - The company reported a total of ¥2,917,723.18 in non-recurring gains and losses during the reporting period[25] - Cash and cash equivalents increased to ¥952,542,101.79, making up 12.35% of total assets, up from 7.34% last year[57] - The total investment amount for the reporting period was ¥43,440,001.00, a decrease of 55.88% compared to ¥98,453,000.00 in the same period last year[60] - Operating cash flow for the first half of 2025 was CNY 118,249,292.88, a decrease of 67.8% compared to CNY 367,585,674.94 in the first half of 2024[196] - Investment activities generated a net cash outflow of CNY -102,256,383.77 in the first half of 2025, compared to CNY -73,563,624.26 in the first half of 2024[196] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,710,314,650.75, a slight decrease of 0.10% from ¥7,717,817,381.41 at the end of the previous year[20] - Total liabilities decreased to ¥4,330,199,376.68 from ¥4,374,619,157.74, a decrease of approximately 1%[180] - Total current assets increased to ¥4,547,685,329.58 from ¥4,495,838,134.15, representing a growth of approximately 1.3%[178] - Total liabilities increased to ¥4,862,516,049.88 in the first half of 2025, up from ¥4,737,660,444.59 in the first half of 2024[185] Strategic Initiatives - The company is advancing its "smart manufacturing" transformation, which has entered a deepening phase, focusing on reducing paper loss and lowering labor costs through upgraded production equipment[37][38] - The company signed a strategic cooperation agreement with Midea Group to focus on emerging markets like Thailand and Indonesia, aiming for localized supply and resource sharing[40] - The company has established a standardized factory model, allowing for rapid replication and reduced operational costs when entering new market areas[43] - The company has shifted its business model from product-oriented to service-oriented, improving customer satisfaction and loyalty through innovative service offerings[48] Research and Development - Research and development expenses were approximately ¥127.69 million, down 10.19% from ¥142.17 million, indicating a continued focus on innovation despite reduced spending[52] - The company plans to enhance R&D efforts and promote product innovation to create new profit growth points amid economic challenges[69] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[7] - The company completed the election of the seventh board of directors and supervisory board on February 13, 2025[122] - The company has maintained a commitment to social responsibility and sustainable development[93] - The company emphasizes employee rights protection, ensuring compliance with labor laws and optimizing employee welfare and development[91] Risk Management - The company faces risks including macroeconomic fluctuations and raw material price volatility, which may impact future performance[6] - The management emphasizes the importance of maintaining risk awareness among investors regarding forward-looking statements[6]