北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于澳柯玛股份有限公司 2024 年年度股东大会的法律意见书 康达股会字【2025】第 0272 号 致：澳柯玛股份有限公司 北京市康达律师事务所（以下简称"本所"）接受澳柯玛股份有限公司（以下简称 "公司"或"澳柯玛"）的委托，指派本所律师张力、石志远（以下简称"本所律师"） 出席并见证公司 2024 年年度股东大会（以下简称"本次会议"）。 现本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）《上市公 司股 ...

Mergers and Acquisitions - Multiple companies are experiencing stock price increases due to merger and acquisition activities, with notable gains including Zongyi Co. at 10.10% and Daqimo at 10.06% [2][3] - New entrants in the market such as Binhai Energy and Jinhongshun also saw significant increases of 10.00% and 9.98% respectively, attributed to similar merger activities [2] - The trend continues with companies like Huayuan Real Estate and Hunan Development achieving first board listings with gains of 9.94% and 9.97% [3] Shipping and Ports - Following the implementation of tariff adjustments between China and the US, there has been a surge in container bookings from China to the US, positively impacting shipping and port stocks [4] - Nanjing Port, Ningbo Shipping, and Lianyungang have all recorded five consecutive days of price increases, with gains of 9.97%, 10.04%, and 10.07% respectively [4][6] Robotics - The robotics sector is gaining attention, with Nvidia's CEO indicating that all mobile devices will become robots, potentially revolutionizing the industrial sector [7] - Companies like Zhongchao Holdings and Xinlong Health have seen stock increases of 10.13% and 10.01% respectively, driven by advancements in robotics [8] Chemical Products - Recent price hikes in chemical products such as dibutyl phthalate and hydroxyl esters have drawn market attention, benefiting companies like Zhongyida and Youfu Co. with stock increases of 9.99% and 10.04% [10][11] Food and Beverage - The release of new regulations by the Ministry of Commerce and the National Development and Reform Commission is expected to boost the food and beverage sector, with stocks like Jiaoda Angli and Baihe Co. seeing gains of 10.00% and 10.01% [12][15] Military and Aerospace - The debut of the "Jiutian" drone at the 15th China Airshow is anticipated to enhance the military sector, with companies like Chengfei Integration and Lijun Co. achieving stock increases of 10.00% and 10.02% [16][19] Nuclear Power - The announcement of procurement projects by China Fusion Energy Co. is expected to stimulate the nuclear power sector, benefiting companies like Wangzi New Materials and Baili Electric with stock increases of 9.99% and 9.92% [16][17] Venture Capital - Recent regulatory changes encouraging private equity participation in mergers and acquisitions are positively impacting venture capital stocks, with companies like Jiuding Investment and Electronic City seeing gains of 10.01% and 9.90% [19] Pet Economy - The pet economy is projected to grow significantly, with companies like Yuande Pet and Tianyuan Pet achieving stock increases of 9.98% and 20.00% [20][21] Carbon Fiber - Price increases in carbon fiber products have been reported, benefiting companies like Jilin Chemical Fiber with a stock increase of 10.04% [22][23] Smart Driving - The Ministry of Industry and Information Technology's push for mandatory standards in smart connected vehicles is expected to drive growth in the automotive sector, with companies like Wan'an Technology and Luchang Technology seeing stock increases of 10.00% [26][27] Rare Earth Permanent Magnets - Tightening supply of rare earth materials due to export controls has led to price increases, benefiting companies like Huayang New Materials and Jiuwu High-Tech with stock increases of 10.10% and 20.02% [28][29] Huawei Harmony - Huawei's upcoming product launch is expected to positively impact related stocks, with companies like Dongfang Zhongke and Dahua Intelligent seeing stock increases of 10.01% and 9.94% [30]

Core Viewpoint - The recent amendments to the major asset restructuring management measures by the China Securities Regulatory Commission (CSRC) are expected to boost market confidence and enhance the enthusiasm for mergers and acquisitions (M&A) in the market [2][5][8]. Group 1: Policy Changes and Market Impact - The CSRC has introduced a series of arrangements in the revised restructuring measures, including simplifying review processes, innovating transaction tools, and enhancing regulatory inclusiveness [2][4]. - The new simplified review process allows certain restructuring transactions to bypass the review by the M&A committee of the stock exchange, with the CSRC making registration decisions within five working days [4][5]. - The restructuring measures have led to a significant increase in M&A activity, with over 1,400 asset restructuring disclosures and more than 160 major asset restructurings reported since September 2024 [7][8]. Group 2: Market Trends and Investment Opportunities - Analysts highlight four key investment directions: strengthening leading technology companies, industry consolidation in traditional sectors, increased willingness for state-owned enterprise (SOE) value management through M&A, and diverse options for unlisted companies considering M&A [9][10]. - The current M&A wave is characterized by two main trends: consolidation among SOEs and M&A activities focused on "hard technology" sectors, driven by supportive policies and market conditions [9][10]. - Potential M&A targets include undervalued SOEs looking to enhance their valuations through restructuring and "hard technology" companies that have established platform layouts and disclosed M&A intentions [10].

Core Viewpoint - The recent amendments to the major asset restructuring management measures by the China Securities Regulatory Commission (CSRC) are expected to boost market confidence and enhance the enthusiasm for mergers and acquisitions (M&A) [1][4][7]. Group 1: Market Reaction - M&A and venture capital concept stocks surged in early trading, with notable stocks like Jinlihua Electric and Guangzhi Technology hitting the 20% limit up [1][3]. - A total of over 1400 asset restructuring announcements have been disclosed since the release of the "Six M&A Measures" in September 2024, with significant increases in both the number and value of major asset restructurings [6][7]. Group 2: Regulatory Changes - The new restructuring measures simplify the review process, allowing certain transactions to bypass the M&A committee's review, with the CSRC making decisions within five working days [3][4]. - The measures also introduce a phased payment mechanism for share-based acquisitions, extending the registration decision validity period to 48 months [3][4]. Group 3: Investment Trends - Analysts highlight four key investment directions: strengthening leading technology companies, traditional sector consolidation, increased willingness for state-owned enterprise (SOE) value management, and diverse options for unlisted companies [8]. - The integration of SOEs and "hard technology" M&A has emerged as the two main trends in the current wave of restructuring, driven by policy support and market dynamics [9].

Group 1 - The core viewpoint of the articles highlights the challenges faced by the home appliance industry, including a shift towards brand concentration and the struggles of small to medium enterprises amid a cooling consumer market [2][3] - The 618 shopping festival has become a stage for leading appliance brands, with overall market activity being subdued and promotional events returning to a normalized state [2] - The home appliance sector is experiencing significant changes, including leadership changes in major small appliance companies like Midea, Supor, and Joyoung, indicating operational challenges and the need for strategic adjustments [8] Group 2 - The home appliance industry is undergoing a standardization push, with 10 new industry standards set to be implemented by November 2025, focusing on quality upgrades and technological innovation [4] - The recent adjustment of tariffs between China and the U.S. is seen as a potential turning point for appliance companies, allowing for increased cross-border trade and production acceleration [5][6] - The after-sales service sector is being enhanced, with 105 leading service companies recognized, including Haier and Midea, reflecting a growing emphasis on service quality in the appliance market [7] Group 3 - Midea is actively pursuing acquisitions to strengthen its market position, including the purchase of Teka Group and strategic agreements with other companies to enhance its capabilities in the HVAC sector [10] - Haier and Hisense are launching innovative products aimed at improving consumer health and sleep quality, with Haier's "washing air" air conditioner and Hisense's new air conditioning solutions [11][12] - The financial performance of companies like Aucma has deteriorated, with a reported loss in 2024, highlighting the operational uncertainties faced by traditional appliance manufacturers [13] Group 4 - TCL has achieved significant market success during the 618 event, securing multiple top rankings in sales, showcasing the effectiveness of its product strategy focused on high-end and large-screen technology [14] - Samsung is expanding its presence in the HVAC market through a major acquisition, while Panasonic is selling "slightly flawed" appliances at discounted prices, indicating a strategic shift in product offerings [15] - Sony and Sharp are facing operational challenges, with Sony projecting a decline in revenue for the upcoming fiscal year and Sharp announcing the sale of its LCD panel factory due to poor performance [16]

澳柯玛股份有限公司 2024 年年度股东大会 会 议 资 料 2025 年 5 月 23 日 澳柯玛股份有限公司 2024年年度股东大会会议材料 AUCMA Co.,Ltd. 文件目录 澳柯玛股份有限公司 2024 年年度股东大会 会议文件目录 三、 会议议程 四、 会议议案及附件 1、 关于公司 2024 年度董事会工作报告的议案 附：《澳柯玛股份有限公司 2024 年度董事会工作报告》 2、 关于公司 2024 年度监事会工作报告的议案 3、 关于公司 2024 年度财务决算报告的议案 附：信会师报字[2025]第 ZA12672 号《审计报告》（内容见公司 2024 年年度报告） 4、 关于公司 2024 年年度报告及摘要的议案 附：《澳柯玛股份有限公司 2024 年年度报告》 5、 关于公司 2024 年度利润分配的预案 6、 关于公司 2024 年度日常关联交易执行情况及 2025 年度日常关联 交易的议案 7、 关于公司 2024 年度融资及担保业务执行情况暨 2025 年度融资及 担保业务授权的议案 一、 股东投票表决注意事项 二、 股东投票表 澳柯玛股份有限公司 2024 年年度股东大会会议材 ...

Core Viewpoint - Aokema, a well-established home appliance company, is accelerating its overseas market expansion by planning to establish a new smart manufacturing factory in Indonesia with an annual production capacity of 500,000 refrigerators, involving a total investment of approximately 360 million RMB [1][2][3]. Group 1: Investment and Expansion Plans - Aokema announced plans to set up a subsidiary in Indonesia and construct a smart manufacturing factory for refrigerators, with a total investment of about 360 million RMB, including approximately 300 million RMB for land acquisition and construction [2]. - The project will be executed by Aokema's wholly-owned subsidiaries, with an estimated total production capacity of 500,000 refrigeration products upon completion [2][3]. - The project is expected to generate an annual profit of 23.85 million RMB at full capacity, with a total investment return rate of 6.61% and a pre-tax internal rate of return of 11.40% [2]. Group 2: Market Strategy and Performance - Aokema's overseas strategy focuses on enhancing its ability to meet local market demands in Indonesia while addressing international trade barriers, thereby improving its competitiveness and profitability [3]. - The company has been actively expanding its export business, achieving a revenue of 2.315 billion RMB in 2024, representing a year-on-year growth of 7.67%, with exports accounting for 29.62% of total revenue [3]. - Aokema's export gross margin increased by 0.88 percentage points to 9.98% in 2024, indicating improved profitability in its international operations [3]. Group 3: Business Transformation and Financial Performance - Aokema is transitioning from a traditional home appliance company focused on freezers to a comprehensive cold chain IoT enterprise, implementing an "Internet + Cold Chain" strategy [4]. - The company has faced profitability pressures in recent years and has initiated asset optimization by divesting non-core businesses to concentrate on refrigeration equipment and smart appliances [5]. - In Q1 2025, Aokema reported a revenue of 2.205 billion RMB, a year-on-year decrease of 13.80%, but net profit and adjusted net profit increased by 29.37% and 47.13%, respectively [6].

证券之星消息，2025年5月13日澳柯玛（600336）发布公告称公司于2025年5月12日召开业绩说明会。 具体内容如下： 问：芯恩集成电路并入集团公司，集团是有新的上市融资计划吗？ 答：您好，该项目与上市公司无关，感谢关注！ 问：请问董事长，您对公司存在管理松懈怎么看？高管是不是有的情绪和行为呢？谢谢 答：您好，公司按照现代企业制度要求，制定了符合公司业务发展的制度管理体系，公司在制度体系下 运行，符合内控及内部管理要求，同时，公司将根据发展要求，积极借鉴行业先进做法，不断进行完善 提高。感谢关注！ 问：张总好，公司净利润已连续四年负增长，2024年更是出现亏损。公司今天公告称投资3.6亿元在印 尼建厂，要 9年 才能收回成本，在印尼大举投资公司认为风险可控吗（例如当地政府政策市场竞争 等）？在当前人工智能浪潮下，澳柯玛这几年每年研发投入都接近 3亿，为什么对于业绩没有带来正增 长？ 答：公司在印尼新建年产 50万台冰箱（柜）智能制造工厂项目，已经过可行性分析，符合公司发展规 划，有利于公司提升核心竞争力。公司持续加大研发投入，成功推出了风冷无霜冷柜、AI智能无人售 货柜、被动式疫苗储存箱 ARKTEK、 ...

今日焦点中国中车：近期签订合计547.4亿元重大合同 中国中车公告称，公司及下属企业于近期（主要为2024年12月至2025年5月）签订了若干项重大合同， 合计金额约547.4亿元人民币。主要合同包括城市轨道车辆、设备销售及维保合同，动车组销售合同， 动车组高级修合同，风电设备销售合同和储能设备销售合同，机车销售合同以及货车修理合同。上述合 同总金额约占公司中国会计准则下2024年营业收入的22.2%。 阳光诺和：拟购买朗研生命100%股权，股票明日复牌 南方财经5月12日电，阳光诺和(688621.SH)公告称，公司拟通过发行股份及可转换公司债券购买资产并 募集配套资金，购买利虔、朗颐投资等38名朗研生命股东持有的朗研生命100%股权。并向不超过35名 特定投资者发行股份募集配套资金。朗研生命专注于高端化学药及原料药的研发、生产和销售，并对外 提供药品生产服务，在高端化学药、原料药等领域深耕多年，已经形成了较为成熟的医药生产体系。公 司股票将于5月13日开市起复牌。 沃尔核材：筹划发行H股股票并申请在香港联交所主板上市 沃尔核材公告称，公司拟发行H股股票并申请在香港联交所主板挂牌上市，以推进国际化战略，提升 ...

证券代码：600336 证券简称：澳柯玛 编号：临 2025－025 澳柯玛股份有限公司关于在印尼设立子公司 暨新建年产 50 万台冰箱（柜）智能制造工厂项目的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资项目名称：新建年产 50 万台冰箱（柜）智能制造工厂项目。 项目投资金额：项目总投资约 3.6 亿元人民币，其中：土地购置及建设投资约 3.0 亿元，新设公司注册资金及其他流动资金等 6,000 万元，项目共分两期进行建设。 相关风险提示： 1、投资项目在实施过程中存在一定的风险，主要为行业竞争风险、汇率波动风险、 跨境管理风险、经营风险、印尼政策法规风险、政治风险、文化冲突风险以及环保风险 等。该等风险未来可能会导致项目投资计划根据实际情况进行调整，存在不能达到原计 划及预测目标的风险。 印度尼西亚（以下简称"印尼"）为东盟第一大经济体，经济呈现快速发展态势， 是公司在东南亚最大的商用产品存量市场。现阶段以在国内生产加工为主的传统出口模 式，已很难满足印尼市场发展需求，在印尼本土化生产运营，实现 ...