法律意见书 浙江天册律师事务所 关于 浙江龙盛集团股份有限公司 2024 年年度股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于浙江龙盛集团股份有限公司 2024 年年度股东大会的 法律意见书 编号：TCYJS2025H0879 号 致：浙江龙盛集团股份有限公司 浙江天册律师事务所（以下简称"本所"）接受浙江龙盛集团股份有限公司（以 下简称"浙江龙盛"或"公司"）的委托，指派本所律师参加公司 2024 年年度股 东大会，并根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华 人民共和国公司法》（以下简称"《公司法》"）和《上市公司股东会规则》（以 下简称"《股东会规则》"）等法律、法规和其他有关规范性文件的要求出具本法 律意见书。 在本法律意见书中，本所律师仅对本次股东大会召集、召开程序、出席人员的 资格、召集人的资格、表决程序及表决结果的合法有效性发表意见，不对会议所审 议的议案内容和该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意 ...

证券代码：600352 证券简称：浙江龙盛 公告编号：2025-022 浙江龙盛集团股份有限公司 (一)股东大会召开的时间：2025 年 5 月 30 日 (二)股东大会召开的地点：浙江省绍兴市上虞区道墟街道龙盛大道 1 号公司 办公大楼四楼多功能厅 (三)出席会议的普通股股东持有股份情况： | 1、出席会议的股东和代理人人数 | 787 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,250,915,519 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 38.4502 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 本次会议的召集、召开程序及出席会议人员的资格均符合《公司法》和《公 司章程》的有关规定。会议由公司董事长阮伟祥主持。 (五)公司董事、监事和董事 ...

股票简称：浙江龙盛 股票代码：600352 公告编号：2025-024号 特此公告。 浙江龙盛集团股份有限公司 一、监事会会议召开情况 浙江龙盛集团股份有限公司于 2025 年 5 月 25 日以专人送达、电子邮件等方式 向全体监事候选人发出关于召开监事会会议通知和材料，通知定于 2025 年 5 月 30 日在公司办公大楼四楼 411 会议室以现场方式召开公司第十届监事会第一次会议。 会议应出席监事 3 人，实际出席监事 3 人，会议由监事王勇主持。会议符合《公司 法》等有关法律、法规、规章以及《公司章程》的有关规定。 二、监事会会议审议情况 审议通过《关于选举第十届监事会主席的议案》 监事会选举王勇（个人简历见附件）为公司第十届监事会主席，任期与第十 届监事会任期一致。 同意本议案的 3 票，反对 0 票，弃权 0 票。 浙江龙盛集团股份有限公司 第十届监事会第一次会议决议公告 本公司监事会及全体监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。 监 事 会 二 O 二五年五月三十一日 附件： 王 勇：男，1978 年 6 月出生，硕士学历，高 ...

股票简称：浙江龙盛 股票代码：600352 公告编号：2025-023号 浙江龙盛集团股份有限公司 第十届董事会第一次会议决议公告 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。 一、董事会会议召开情况 浙江龙盛集团股份有限公司于 2025 年 5 月 25 日以专人和邮件送达的方式 发出关于召开董事会会议的通知，通知定于 2025 年 5 月 30 日以现场方式在公司 办公大楼四楼 411 会议室召开公司第十届董事会第一次会议。会议应到董事 9 人，实到董事 9 人，其中董事何旭斌因出差授权董事姚建芳代理行使表决权，董 事 RUAN CUNFAN 因出差授权董事长阮伟祥代理行使表决权。公司监事、高级管理 人员列席了本次会议，会议由公司董事长阮伟祥主持。会议符合《公司法》等有 关法律、法规、规章以及《公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过《关于选举公司董事长的议案》 选举阮伟祥为公司董事长，任期与第十届董事会任期一致。阮伟祥个人简 历详见附件。 同意本议案的 9 票，反对 0 票，弃权 0 票。 4、选 ...

浙江龙盛（600352）公告，公司与KIRI公司、接管人签署股份买卖协议，购买KIRI公司所持德司达全 球控股(新加坡)有限公司37.57%已发行股本的股份，交割对价为6.97亿美元及交割日或之后进行的任何 调整金额。本次交易不构成关联交易和重大资产重组，金额在董事会权限范围内，无需提交股东大会审 议，但尚需完成相关政府备案、登记等手续。交易完成后，德司达将成为公司的全资子公司，符合公司 成为全球一流特殊化学品生产服务商的战略目标。 ...

提醒：请将手机调至振动 浙江龙盛集团股份有限公司 2024年年度股东大会 会 议 资 料 二〇二五年五月三十日 | 1、大会会议议程. | | --- | | 2、大会会议须知 | | 13、《关于选举监事的议案》 28 | | --- | 浙江龙盛 2024 年年度股东大会会议资料 浙江龙盛集团股份有限公司 2024年年度股东大会议程 大会召开时间： 现场会议召开时间：2025年5月30日下午13：30时 网络投票时间：2025年5月30日上午9：30-11：30，下午13：00-15：00 大会召开地点：公司办公大楼四楼多功能厅 大会主持人：公司董事长阮伟祥先生 ----大会介绍---- ----会议议案报告---- ----审议、表决---- 第 2页 共 28 页 1、主持人介绍股东到会情况，并宣布大会开始 2、主持人介绍到会董事、监事、高级管理人员及律师情况 3、董事会秘书姚建芳先生宣读大会会议须知 1、审议《2024年度董事会工作报告》 2、审议《2024年度监事会工作报告》 3、审议《2024年度财务决算报告》 4、审议《2025年度财务预算报告》 5、审议《2024年年度报告及其摘要》 6、审 ...

Group 1 - Company reported Q1 revenue of 3.24 billion yuan, with a year-on-year decline of 7.2% and a quarter-on-quarter decline of 38.7%, while net profit attributable to shareholders was 400 million yuan, exceeding expectations due to the real estate business entering a monetization phase [1] - The dye and intermediate product market is showing signs of recovery, with Q1 sales volumes for dyes, auxiliaries, and intermediates at 56,000 tons, 15,000 tons, and 27,000 tons respectively, reflecting year-on-year increases of 0.8%, 0.3%, and 7.8% [2] - The company’s comprehensive gross margin improved to 28.6% in Q1, driven by a decrease in raw material prices, while the expense ratio decreased to 14.3% [2] Group 2 - The real estate business is entering a monetization phase, with the Huaxing New Town project fully capped and a sales rate exceeding 90% for the "Bay Up" project [3] - Non-recurring gains increased by 180 million yuan year-on-year to 100 million yuan in Q1, primarily due to changes in the fair value of financial assets and liabilities [3] - The company maintains profit forecasts for 2025-2027 at 2.15 billion, 2.36 billion, and 2.47 billion yuan respectively, with a target price of 11.88 yuan based on a 18x PE ratio for 2025 [4]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expectation that the company's stock will outperform the benchmark index by more than 20% over the next 6-12 months [2][5][7]. Core Views - The company reported a total revenue of RMB 15.88 billion for 2024, a year-on-year increase of 3.79%, with a net profit attributable to shareholders of RMB 2.03 billion, up 32.36% year-on-year. The fourth quarter alone saw a revenue of RMB 5.27 billion, reflecting a 17.90% increase year-on-year and a 44.29% increase quarter-on-quarter [5][10][11]. - The dye industry is expected to recover, and the company is anticipated to benefit from increased sales of various chemical products and ongoing real estate projects, supporting the "Buy" rating [5][7][10]. Financial Summary - The company’s revenue for 2024 was RMB 15,883.86 million, with a growth rate of 3.79% compared to 2023. The EBITDA for 2024 was RMB 2,900 million, and the net profit was RMB 2,354.86 million, marking a 35.88% increase year-on-year [11][15]. - The earnings per share (EPS) for 2024 is projected at RMB 0.62, with a slight adjustment in forecasts for 2025-2026, expecting EPS of RMB 0.63 and RMB 0.71 respectively [7][15]. - The company’s gross margin for 2024 was 27.87%, an increase of 1.74 percentage points year-on-year, indicating improved profitability despite challenges in the dye market [10][11]. Business Segments - The dye and intermediate business showed resilience, with revenue from the dye segment reaching RMB 75.91 billion in 2024, a 0.94% increase year-on-year, despite a 5.81% decline in average price per ton [10][11]. - The real estate segment saw significant growth, with revenue of RMB 24.82 billion, up 87.26% year-on-year, driven by project deliveries [10][11]. - The company has a strong market position in the dye industry, with a production capacity of 300,000 tons per year, and is expanding its intermediate product offerings to enhance its competitive edge [10][11].

Investment Rating - The investment rating for the company is maintained at "Accumulate" with a target price of RMB 11.88 [6][4]. Core Views - The company's Q1 net profit improved year-on-year, primarily due to the realization of revenue from its real estate business, which is entering a monetization phase [1]. - The dye and intermediate product market is showing signs of recovery, contributing positively to the company's performance [2]. - The real estate business is expected to continue generating revenue, with a significant portion of inventory already sold [3]. Summary by Sections Financial Performance - In Q1, the company achieved operating revenue of RMB 3.24 billion, with a year-on-year decline of 7.2% and a quarter-on-quarter decline of 38.7%. The net profit attributable to the parent company was RMB 400 million, exceeding expectations [1]. - The sales volume for dyes, additives, and intermediates in Q1 was 56,000 tons, 15,000 tons, and 27,000 tons respectively, with year-on-year growth of 0.8%, 0.3%, and 7.8% [2]. Cost and Margin Analysis - The company's comprehensive gross margin improved to 28.6%, up 1.5 percentage points year-on-year, due to a decrease in raw material prices [2]. - The company reported a decrease in construction projects in progress, down RMB 260 million year-on-year to RMB 570 million [2]. Real Estate Business - The real estate project "Huaxing New City" has fully topped out, with a sales rate exceeding 90%, indicating strong future revenue potential [3]. - Non-recurring gains increased by RMB 180 million year-on-year to RMB 100 million, primarily due to changes in the fair value of financial assets and liabilities [3]. Profit Forecast and Valuation - The company’s projected net profits for 2025-2027 are RMB 2.15 billion, RMB 2.36 billion, and RMB 2.47 billion respectively, with corresponding EPS of RMB 0.66, RMB 0.72, and RMB 0.76 [4]. - The target price of RMB 11.88 corresponds to an 18x PE for 2025, reflecting the company's leading position in the dye industry and orderly progress in real estate projects [4].

Investment Rating - The investment rating for the company is maintained at "Buy" with a target price of 11.88 RMB [6][7]. Core Views - The company's Q1 net profit improved year-on-year, primarily due to the realization of revenue from its real estate business, which is entering a monetization phase [1]. - The dye and intermediate product markets are showing signs of recovery, contributing positively to the company's performance [2]. - The real estate business is expected to continue generating revenue, with a significant inventory of 291.8 billion RMB as of Q1 [3]. - The company has a strong competitive position in the dye industry, which supports its valuation [4]. Summary by Sections Financial Performance - In Q1, the company achieved an operating income of 3.24 billion RMB, with a year-on-year decline of 7.2% and a quarter-on-quarter decline of 38.7%. The net profit attributable to the parent company was 400 million RMB, exceeding expectations [1]. - The sales volume for dyes, additives, and intermediates in Q1 was 56,000 tons, 15,000 tons, and 27,000 tons respectively, with year-on-year growth of 0.8%, 0.3%, and 7.8% [2]. Real Estate Business - The real estate segment is entering a monetization phase, with the "Bay Up" project achieving over 90% sales rate. The inventory as of Q1 increased by 350 million RMB year-on-year [3]. - Non-recurring gains increased by 180 million RMB to 100 million RMB in Q1, mainly due to fair value changes in financial assets and liabilities [3]. Profit Forecast and Valuation - The forecast for net profit attributable to the parent company for 2025-2027 is 2.15 billion RMB, 2.36 billion RMB, and 2.47 billion RMB, respectively, with corresponding EPS of 0.66 RMB, 0.72 RMB, and 0.76 RMB [4]. - The target price is set at 11.88 RMB, based on a 18x PE ratio for 2025, reflecting the company's leading position in the dye industry and orderly progress in real estate projects [4].