As of the close on March 12, 2026, Jiansheng Group (603558) closed at 11.81 yuan, down 2.48%, with a turnover rate of 1.5%, a trading volume of 51,300 hands, and a transaction volume of 61.2233 million yuan.
Focus of the day
Transaction information summary
On March 12, the net outflow of main funds was 65,600 yuan, accounting for 0.11% of the total turnover; the net inflow of hot money was 5.4183 million yuan, accounting for 8.85% of the total turnover; the net outflow of retail funds was 5.3526 million yuan, accounting for 8.74% of the total turnover.
Summary of company announcements
Zhejiang Jiansheng Group Co., Ltd. plans to implement the 2025 annual profit distribution plan, distributing a cash dividend of 0.35 yuan (tax included) per share, not giving out bonus shares, and not converting capital reserve funds into share capital. This profit distribution is based on the total share capital registered on the equity registration date for equity distribution minus the number of shares in the special securities account for repurchase. If the share capital changes, the distribution ratio per share will remain unchanged, and the total distribution amount will be adjusted accordingly. The plan has been reviewed and approved by the board of directors and still needs to be submitted to the company's 2025 annual shareholders' meeting for review. Combined with the cash dividends implemented in the first half of 2025, the cumulative cash dividend amount this year totaled 202,205,786.90 yuan, accounting for 49.94% of the net profit attributable to shareholders of listed companies in 2025.
The 25th meeting of the sixth board of directors reviewed and approved the "Company's 2025 Board of Directors Work Report", "The Company's 2025 Annual Report Full Text and Summary", "The Company's 2025 Financial Final Accounts Report", "The Company's 2025 Profit Distribution Proposal" and other proposals. In 2025, the company will achieve a net profit of 404,921,600.55 yuan attributable to shareholders of the listed company, and plans to distribute a cash dividend of 3.5 yuan (tax included) to all shareholders for every 10 shares, for a total cash dividend of 115,359,124.65 yuan (tax included). The meeting also reviewed and approved matters such as renewing the appointment of Tianjian Accounting Firm as the audit agency for 2026, applying for comprehensive credit of no more than 3 billion yuan, carrying out foreign exchange hedging business, anticipating a guarantee limit of no more than 2.6 billion yuan, and using no more than 100 million yuan of its own funds for short-term financial management. Some proposals still need to be submitted to the shareholders' meeting for review.
The company will hold the 2025 annual shareholders' meeting on April 3, 2026. The meeting will use a combination of on-site voting and online voting. Online voting will be conducted through the Shanghai Stock Exchange system. The equity registration date is March 27, 2026, and all A-share shareholders can participate in the meeting. The meeting reviewed proposals including the 2025 board of directors work report, annual report, financial final accounts, profit distribution, renewal of accounting firm, bank credit, foreign exchange hedging, guarantee limit, director and executive remuneration system, self-owned fund financial management and other proposals. The votes of small and medium investors on proposals 4 to 11 will be counted separately.
The Audit Committee of the Board of Directors held a total of 4 meetings in 2025, and reviewed the company's 2024 annual report, financial final accounts report, internal control evaluation report, renewal of the audit agency, foreign exchange hedging business, guarantee limit estimates, accounting policy changes and other matters, and reviewed each quarterly and semi-annual financial statements. The committee supervised and evaluated the work of the external audit agency, guided the internal audit, and reviewed the effectiveness of internal controls. It believed that the company's financial reports truly and accurately reflected operating results and that the internal control system was sound and effective. The committee recommended that Tianjian Accounting Firm be re-appointed as the audit agency in 2025.
The board of directors evaluated the independence of the current independent directors Xie Shilei, Besai, and Chen Weiguo. After verification, the above-mentioned persons did not hold any position in the company other than independent directors, nor did they hold any position in the company's major shareholder company. They did not have any interest relationships such as relatives, shareholdings, major business dealings, or other relationships with the company, its major shareholders, and actual controllers, or other relationships that might hinder their independent and objective judgment. They were in compliance with the requirements for the independence of independent directors under relevant laws and regulations.
Tianjian Accounting Firm audited the effectiveness of the internal control over financial reporting of Zhejiang Jiansheng Group Co., Ltd. as of December 31, 2025. The audit results showed that the company maintained effective internal control over financial reporting in all major aspects in accordance with the "Basic Standards for Enterprise Internal Control" and relevant regulations on that date.
The company plans to continue to appoint Tianjian Accounting Firm (Special General Partnership) as the company's audit agency and internal control audit agency in 2026. Tianjian Accounting Firm was established in 2011 and is qualified for securities services. In 2024, it provided audit services to 756 listed companies, with a total audit fee of 735 million yuan. Project partner Liu Jiangjie, signing certified public accountant Gong Fangsen, and quality control reviewer Wei Biaowen all have corresponding qualifications. They have not been subject to criminal punishment in the past three years, and some personnel have been subject to supervisory and management measures. The audit fees will be determined by the company's management and the accounting firm based on actual conditions.
The company evaluated the performance of Tianjian Accounting Firm's annual audit in 2025. The report shows that Tianjian Accounting Firm's qualifications are in compliance with regulations, its practitioners have professional qualifications, and project team members have not found any circumstances that affect their independence. Although there was one supervisory and management measure recorded in the past three years, there were no major violations. During the audit process, the firm implemented quality control review procedures, formulated a reasonable work plan, equipped with sufficient human resources, and had strong risk-taking capabilities. It has fulfilled relevant civil litigation judgments on schedule, without affecting its ability to practice.
The Audit Committee of the Board of Directors reports on the company's performance of supervisory responsibilities by the accounting firm for the 2025 annual audit. Tianjian Accounting Firm is qualified to audit securities services. At the end of 2025, it had 250 partners and 2,363 certified public accountants, 954 of whom had signed securities service business audit reports. Total business income in 2024 will be 2.969 billion yuan, auditing business income will be 2.563 billion yuan, and securities business income will be 1.465 billion yuan. The firm provides audit services to 756 listed companies, involving manufacturing and other industries, including 578 manufacturing clients. The company held the board of directors and shareholders' meetings respectively on March 24 and April 15, 2025, and reviewed and approved the renewal of Tianjian Accounting Firm as the company's 2025 audit agency and internal control audit agency. The Audit Committee maintained communication with the accounting firm during the annual report audit, reviewed its professional ability, and believed that it completed the audit work independently, objectively and fairly.
Tianjian Accounting Firm audited the summary table of non-operating fund occupation and other related fund transactions of Zhejiang Jiansheng Group Co., Ltd. in 2025 and believed that the summary table complied with relevant regulations in all major aspects and truthfully reflected the company's non-operating fund occupation and other related fund transactions in 2025. This report is for annual report disclosure only and may not be used for other purposes.
The company plans to use its idle self-owned funds not exceeding RMB 100 million to purchase fixed income or low-risk short-term financial products with high security and good liquidity, and the investment period shall not exceed 12 months. This matter has been reviewed and approved at the 25th meeting of the sixth board of directors and still needs to be submitted to the company's shareholders' meeting for review. The authorization period starts from the date of review and approval by the shareholders' meeting and ends on the date of the next annual shareholders' meeting, and the funds can be used on a rolling basis. The company has formulated risk control measures, and the independent directors also expressed their agreement.
Due to a high proportion of export business, the company and its subsidiaries mainly use foreign currencies such as US dollars for settlement. In order to reduce the adverse impact of exchange rate fluctuations on the company's operating performance and cost control, it plans to carry out foreign exchange hedging business. Transaction varieties include foreign currency exchange rates such as US dollars, and trading tools include forward foreign exchange purchase, forward settlement, foreign exchange swaps and other foreign exchange financial derivatives. The transaction amount does not exceed US$150 million or other foreign currencies, and the source of funds is the company's own funds. This matter has been reviewed and approved by the Audit Committee of the Board of Directors and the 25th Meeting of the Sixth Board of Directors, and still needs to be submitted to the 2025 Annual Shareholders Meeting for review. The company has formulated relevant risk control measures to prevent exchange rate fluctuations, transaction defaults and repayment forecast risks.
The company held the 25th meeting of the sixth board of directors on March 11, 2026, and reviewed and approved the "Proposal on the 2025 Incentive Fund Withdrawal Plan". According to the audit results of Tianjian Accounting Firm, the company's net profit after deducting non-recurring gains and losses attributable to shareholders of the listed company before the accrual of incentive funds in 2025 was 345,658,491.97 yuan. The audit opinion was a standard unqualified opinion and no administrative penalties were imposed, thus meeting the conditions for withdrawing the incentive fund. According to the "Incentive Fund Management Measures", the upper limit of incentive fund withdrawal in 2025 is 18.9083 million yuan. Considering the operating conditions and capital needs, the board of directors decided to actually withdraw 10.3996 million yuan. The incentive fund will be included in the current profit and loss in 2025, affecting the financial status of the year, but will not have a significant impact on subsequent years.
The company plans to provide a total guarantee line of no more than 2.6 billion yuan to its affiliated companies within the scope of consolidated statements to meet the funding needs for daily operations and business development. The guarantee amount can be adjusted among subordinate companies. The guarantee methods include guarantee, mortgage, pledge, etc., and the validity period is within 12 months from the date of review and approval by the shareholders' meeting. This matter still needs to be submitted to the company's shareholders' meeting for review. As of the announcement date, the total external guarantees provided by the company and its holding subsidiaries were 2.21 billion yuan, accounting for 94.22% of the latest audited net assets, and there were no overdue guarantees.
Key points of performance disclosure
Zhejiang Jiansheng Group Co., Ltd. will complete sales revenue of 2.589 billion yuan in 2025, a year-on-year increase of 0.59%; it will achieve a net profit of 405 million yuan, a year-on-year increase of 24.62%. After auditing, the company's financial report fairly reflects its operating results and financial status. Operating income was RMB 2,588,737,900, operating costs were RMB 1,807,067,000, net profit attributable to the parent was RMB 404,921,600, and net profit attributable to the parent after deducting non-compliance was RMB 334,877,700. Net cash flow from operating activities was 605.8304 million yuan, a year-on-year increase of 77.02%. The decrease in fixed assets was mainly due to the disposal of the assets of Jiangshan Knitting Company, and the increase in construction in progress was due to the investment in the Nam Dinh project in Vietnam. The company plans to review the final financial report.
The company will achieve operating income of 2,588,737,915.46 yuan in 2025, a year-on-year increase of 0.59%; the net profit attributable to shareholders of listed companies is 404,921,600.55 yuan, a year-on-year increase of 24.62%. The net cash flow generated from operating activities was 605,830,361.99 yuan, a year-on-year increase of 77.02%. The company plans to distribute a cash dividend of 0.35 yuan (including tax) per share to all shareholders, without converting capital reserves into share capital and giving out bonus shares. The company's main business is the production and manufacturing of knitted sportswear. Its main products are cotton socks and seamless clothing. Its business model is mainly ODM and OEM. The company is headquartered in Hangzhou and has production bases in many places in China and Vietnam. Its customers include international brands such as UNIQLO, PUMA, and DECATHLON.
The above content is compiled by Securities Star based on public information and generated by an AI algorithm (Network Information No. 310104345710301240019) and does not constitute investment advice.
