新和成：2025年半年度报告

2025Semi-AnnualReport August2025 SectionIImportantNotes,Contents,andDefinitions TheBoardofDirectorsanditsmembers,BoardofSupervisorsanditsmembers,andseniorexecutivesoftheCompanyherebyguaranteethattheinformationpresentedinthissemi-annualreportisauthentic,accurate,completeandfreeoffalserecords,misleadingstatementsormaterialomissions,andtheywillbearindividualandjointliabilitiesforsuchinformation. 胡 柏 藩 （HuBaifan）,theCompany’slegalrepresentative,石 观 群（ShiGuanqun）,theofficerinchargeofaccounting,and刘芳露（LiuFanglu）,theheadofaccountingdepartmentherebydeclarethattheyguaranteethefinancialstatementsinthissemi-annualreportareauthentic,accurateandcomplete. AllmembersoftheBoardofDirectorshaveattendedthemeetingoftheBoardofDirectorsfordeliberationofthissemi-annualreport. Thefutureplanandotherforward-lookinginformationdisclosedinthissemi-annualreportshallnotberegardedasacommitmenttoinvestors.Wekindlyremindinvestorsofallpossiblerisksininvestments.Thecompanyprovidesadetaileddescriptionofthepotentialrisksandcountermeasuresthatmayexistinthecompany'soperationsinX.RisksandcountermeasuresunderSectionIIIManagementDiscussionandAnalysissectionofthisreport.Wekindlyremindinvestorsofallpossiblerisksininvestments. ProfitdistributionproposaldeliberatedandapprovedbythemeetingoftheBoardof Directors is as follows:Based on 3,059,121,988 shares[Note](calculatedbyexcluding14,299,692repurchasedsharesfromthetotalsharecapitalof3,073,421,680sharesasofJuly31,2025),theCompanyintendstodistributecashdividendof2yuan(taxincluded)andnobonusshareswillbedistributed,andthecapitalreservewillnotbeconvertedintosharecapital. Note:AsofJuly31,2025,theCompany’ssharecapitaltotaled3,073,421,680shares,including repurchasedshareof14,299,692shares.Accordingtothe“RulesonShareRepurchaseofListedCompanies”,sharesinthespecialaccountforrepurchaseoflistedcompaniescarrynorightofprofitdistributionandconversionofcapitalreserveintosharecapital. IftheCompany’stotalsharecapitalchangesduetotheconversionofconvertiblebonds,sharerepurchase,exerciseofequityincentives,refinancingandlistingofnewshares,etc.beforetheimplementationoftheprofitdistributionproposal,thetotaldistributionwillbeadjustedaccordinglybasedonthesamedistributionratio. ThisSemi-AnnualReportisanEnglishtranslationoftheChineseSemi-AnnualReport.IncasetheEnglishversiondoesnotconformtotheChineseversion,theChineseversionprevails. Contents SectionIImportantNotes,Contents,andDefinitions...........................................................................................1SectionIICompanyProfileandKeyFinancialIndicators....................................................................................6SectionIIIManagementDiscussionandAnalysis..................................................................................................9SectionIVCorporateGovernance、EnvironmentalandSociety......................................................................19SectionVSignificantEvents..................................................................................................................................22SectionVIChangesinShareCapitalandShareholders......................................................................................31SectionVIIBonds.....................................................................................................................................................37SectionVIIIFinancialReport.................................................................................................................................38SectionIXOtherSubmittedData.........................................................................................................................143 DocumentsAvailableforReference I.FinancialstatementssignedandsealedbytheCompany’slegalrepresentative,officerinchargeofaccounting,andheadofaccountingdepartment; II.OriginalcopyofalltheCompany'sdocumentsandannouncementspublishedonthenewspapersdesignatedbyCSRCwithinthereportingperiod; III.Otherdocumentsforreference. Definitions SectionIICompanyProfileandKeyFinancialIndicators I.Companyprofile II.Contactinformation III.OtherInformation 1.Company’sContactInformation WhethertheCompany’sregisteredaddress,officeaddress,zipcode,websiteande-mailaddresshaschangedduringthereportingperiod □Applicable√Notapplicable TheCompany’sregisteredaddress,officeaddress,zipcode,websiteande-mailaddresshavenotchangedduringthereportingperiod,whichcanbefoundinthe2024AnnualReport. 2.InformationDisclosureandLocationofDocumentsforPublicInspection Whetherinformationdisclosureandlocationofdocumentsforpublicinspectionhaschangedduringthereportingperiod□Applicable√Notapplicable ThenameoftheCompany’sselectedinformationdisclosurenewspaper,theURLofthewebsitedesignatedbytheCSRCwherethesemi-annualreportisposted,andtheplacewheretheCompany’ssemi-annualreportisavailablehavenotchangedduringthereportingperiod,whichcanbefoundinthe2024 AnnualReport. 3.OtherrelevantInformation Whetherotherrelevantinformationhaschangedduringthereportingperiod□