证券代码：600679 900916 股票简称：上海凤凰 凤凰 B 股 编号：2025-044 上海凤凰企业（集团）股份有限公司 关于控股子公司终止授信及质押担保的公告 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个别及连带责任。 上海凤凰企业（集团）股份有限公司（以下简称公司）于 2024 年 4 月 25 日 召开第十届董事会第十五次会议，并于 2024 年 5 月 28 日召开 2023 年年度股东 大会，审议通过了《上海凤凰关于公司及全资子公司向银行申请综合授信的议案》。 同意控股子公司上海和叶实业有限公司（以下简称和叶实业）向中国工商银行申 请 7,000 万元综合授信额度，并同意其以自身持有的房产为授信提供质押担保； 同意控股子公司上海和宇实业有限公司（以下简称和宇实业）向上海银行申请 7,000 万元综合授信额度，并同意其以自身持有的房产为授信提供质押担保。具 体内容详见公司于 2024 年 4 月 27 日披露的《上海凤凰关于关于公司及全资子公 司向银行申请综合授信的公告》（公告编号：2024-017）。 公司于 20 ...

证券代码：600679 900916 股票简称：上海凤凰 凤凰 B 股 编号：2025-043 上海凤凰企业（集团）股份有限公司 关于为全资子公司凤凰自行车提供担保的公告 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个别及连带责任。 重要内容提示： ●被担保人名称：上海凤凰自行车有限公司 ●本次担保金额：本次担保金额为人民币 1 亿元。截至本公告披露日，公司 对外担保余额为 3.38 亿元（含本次担保）。 ●本次担保是否有反担保：无 ●公司及子公司提供的担保均不存在逾期情况。 一、担保概述 成立日期：2006年11月16日 统一社会信用代码：913101167956451278 上海凤凰企业（集团）股份有限公司（以下简称公司）全资子公司上海凤凰 自行车有限公司（以下简称凤凰自行车）因经营需要，拟向中国光大银行股份有 限公司上海分行（以下简称光大银行）申请综合授信，总额度为 10,000.00 万元， 期限自综合授信合同签署之日起三年。 本次凤凰自行车向光大银行申请综合授信为续签。 公司拟为凤凰自行车本次向光大银行申请综合授信提供信用担 ...

证券代码：600679 900916 股票简称：上海凤凰 凤凰 B 股 编号：2025-042 上海凤凰企业（集团）股份有限公司 第十一届董事会第四次会议决议公告 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个别及连带责任。 上海凤凰企业（集团）股份有限公司（以下简称公司）董事会于 2025 年 6 月 13 日以书面和邮件形式发出召开第十一届董事会第四次会议的通知，会议于 2025 年 6 月 19 日以现场结合通讯的方式召开。本次会议应出席董事 11 名，实 际出席董事 11 名；公司高级管理人员列席会议。本次会议由董事长胡伟先生主 持。本次会议的召集、召开及表决程序符合《公司法》《公司章程》的规定，是 合法有效的。会议审议并表决通过了以下决议： 一、审议通过了《上海凤凰关于重新制定<上海凤凰投资管理制度>的议案》 表决结果：同意 11 票，反对 0 票，弃权 0 票。 内容详见上海证券交易所网站（www.sse.com.cn）披露的《上海凤凰投资管 理制度的制度》。 二、审议通过了《上海凤凰关于为全资子公司凤凰自行车提供担保的议 ...

上海凤凰企业（集团）股份有限公司 投资管理制度 第一章 总则 第一节 目的和依据 第一条 为进一步加强上海凤凰企业（集团）股份有限公司 （以下简称集团）投资的管理，建立规范、有效、科学的投资决 策体系和机制，保障内部控制符合合法、审慎、安全、有效的原 则，控制投资风险、提高投资效益，确保集团资产的保值增值， 维护公司和股东的合法权益，依照《中华人民共和国公司法》《上 海证券交易所股票上市规则》《中华人民共和国企业国有资产法》 《金山区国资委监管企业投资监督管理办法》等有关规定和《集 团章程》，特制定本制度。 第二节 定义和适用范围 第二条 本制度适用于集团本部及所属全资、控股子公司 （合称集团及所属子公司）。 第三条 本制度所称的投资项目包括集团及所属子公司在 境内外从事的资产投资与股权投资。本制度所称重大投资项目， 是指单项投资额在 3000 万元及以上的投资项目。 本制度所称主业，是指由集团发展战略和规划确定并经备案 的企业主要经营业务（含核心业务和培育业务）；非主业是指主 业以外的其他经营业务。 第三节 投资基本原则 第四条 集团及所属子公司投资遵循以下基本原则： （一）战略引领。服从服务国家、上海市和 ...

截至2025年5月30日收盘，上海凤凰（600679）报收于13.86元，较上周的13.11元上涨5.72%。本周，上 海凤凰5月28日盘中最高价报14.7元。5月26日盘中最低价报13.0元。上海凤凰当前最新总市值71.42亿 元，在摩托车及其他板块市值排名8/16，在两市A股市值排名2146/5146。 本周关注点 公司公告汇总：上海凤凰为全资子公司凤凰自行车提供1亿元担保 公司公告汇总 上海凤凰企业（集团）股份有限公司为全资子公司上海凤凰自行车有限公司提供担保，担保金额为人民 币1亿元。截至公告披露日，公司对外担保余额为3.38亿元（含本次担保）。本次担保为续办，无反担 保，且公司及子公司提供的担保均不存在逾期情况。 上海凤凰全资子公司上海凤凰自行车有限公司向江苏银行股份有限公司上海宝山支行申请人民币1亿元 综合授信额度，综合授信额度的有效期限为一年。公司与江苏银行签订了《最高额保证合同》，为凤凰 自行车本次申请的综合授信事项提供连带责任保证担保，担保最高余额为1亿元。 公司于2025年4月28日召开第十一届董事会第二次会议，并于2025年5月22日召开2024年年度股东会，审 议通过了相关议案，同意公 ...

证券代码：600679 900916 股票简称：上海凤凰 凤凰 B 股 编号：2025-041 上海凤凰企业（集团）股份有限公司 关于为全资子公司凤凰自行车提供担保的进展公告 重要内容提示： 被担保人名称：上海凤凰自行车有限公司 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个别及连带责任。 公司与江苏银行签订了《最高额保证合同》，为凤凰自行车本次申请的综合 授信事项提供连带责任保证担保，担保最高余额为 1 亿元。 本次凤凰自行车向江苏银行申请综合授信及公司为前述综合授信事项提供 担保均为续办。 本次担保不存在反担保。 二、本次担保履行的内部决策程序 公司于 2025 年 4 月 28 日召开第十一届董事会第二次会议，并于 2025 年 5 月 22 日召开 2024 年年度股东会，审议通过了《上海凤凰关于向银行申请综合授 信计划的议案》和《上海凤凰关于对外提供担保计划的议案》，同意公司及全资 子公司向银行申请不超过人民币 18.50 亿元的综合授信额度，并同意公司为全资 本次担保是否有反担保：无 公司及子公司提供的担保均不存在逾期情况 ...

Core Insights - The bicycle industry in China is experiencing a significant price war, with prices for some models halving and inventory levels surging, transitioning from a "difficult to find" market in 2020 to a phase of destocking in 2025 [2][5][12] Price Adjustments - Major brands like Merida and Giant have initiated price cuts ranging from 20% to 50% across various models since June 2024, with some international brands reducing prices by over 20,000 yuan [4][12] - A Merida dealer reported that the price of the Strada 93 model was reduced to 1,998 yuan, marking a nearly 50% decrease compared to the first half of 2024 [2][4] Dealer Challenges - Dealers are facing a dual challenge of increased store numbers against a backdrop of declining consumer demand, leading to significant inventory pressures [3][11] - Many dealers, having stocked up on popular models during a previous boom, are now forced to sell at a loss due to sudden price drops from manufacturers [10][19] Inventory Levels - Companies like Zhonglu and Shanghai Phoenix reported a year-on-year increase in bicycle inventory of approximately 170% and 84%, respectively, indicating a broader trend of excess stock in the industry [5][11] - Shimano's report highlighted that while the enthusiasm for cycling remains, the overall market inventory is still high, suggesting a mismatch between supply and demand [6][12] Market Dynamics - The "cycling boom" that drove demand from 2020 to mid-2024 has cooled, leading to a more rational market environment as of late 2024 [14][15] - The mid to high-end bicycle segment saw a significant sales increase of over 20% during the cycling boom, but demand has since declined, indicating a shift in consumer behavior [14][15] Future Outlook - Many dealers predict a "store closure wave" in the latter half of 2024 due to ongoing financial pressures and unsold inventory [21] - The industry is at a turning point, with dealers like Zhang Ming and Yu Hong expressing concerns over their ability to sustain operations amid rising costs and declining sales [19][20]

Core Viewpoint - Shanghai Phoenix Enterprise (Group) Co., Ltd. has revised its independent director system and eighteen other regulations to align with updated stock exchange rules and improve corporate governance [1]. Group 1: Reasons and Basis for Revision - The revisions were made in accordance with the Shanghai Stock Exchange's listing rules and self-regulatory guidelines, as well as the company's articles of association [1]. - The revisions aim to enhance the company's governance structure and ensure compliance with regulatory requirements [1]. Group 2: Specific Content of the Revisions - The independent director system now mandates that independent directors constitute more than half of the members in the Strategic and ESG Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee [1]. - The term of independent directors is aligned with that of other directors, with a maximum continuous term of six years [2]. - The notice period for convening special meetings of independent directors has been extended from one day to three days [3]. - The Strategic and ESG Committee must maintain a minimum of two-thirds of its members to function effectively, and the board must promptly appoint new members if this threshold is not met [5]. - The Audit Committee's responsibilities have been clarified to include the evaluation of internal controls and communication with external auditors [7][8]. Group 3: Other Revised Regulations - The regulations regarding the management of external guarantees and financial assistance have been updated to ensure compliance with the latest legal requirements [10][11]. - The procedures for disclosing related party transactions have been refined to enhance transparency and accountability [13]. - The management of insider information and its disclosure has been strengthened, with clear responsibilities assigned to the board and the secretary [15][19].

Core Points - The article outlines the insider information management system of Shanghai Phoenix Enterprise (Group) Co., Ltd, aimed at regulating insider information management and ensuring fair disclosure to protect investors' rights [2][3][12]. Group 1: Insider Information Management - The company is responsible for maintaining accurate and complete records of insider information and its informants, with the board of directors and the board secretary being the main responsible parties [3][4]. - The insider information management system applies to all functional departments, subsidiaries, and companies significantly influenced by the company [4][12]. - Insider information is defined as non-public information that could significantly impact the company's operations, finances, or stock prices [5][6]. Group 2: Registration and Reporting - The company must report insider informant records to the Shanghai Stock Exchange when significant events occur, such as major asset restructuring or securities issuance [6][10]. - The insider informant records must include detailed information such as names, identification numbers, and the nature of the insider information [7][11]. - The company is required to submit these records within five trading days after the initial public disclosure of insider information [12][14]. Group 3: Confidentiality and Responsibilities - Insider informants are obligated to maintain confidentiality regarding the insider information they possess [12][13]. - The company must implement measures such as confidentiality agreements and training to ensure that insider information is disclosed only to a limited number of individuals [12][13]. - Violations of confidentiality obligations by insider informants may result in legal penalties and potential termination of employment [13][14].

Core Viewpoint - The document outlines the financial assistance management system of Shanghai Phoenix Enterprise (Group) Co., Ltd., aiming to standardize the company's external financial assistance practices, clarify decision-making authority, and mitigate associated risks [1][2]. Group 1: General Principles - The purpose of the financial assistance management system is to regulate the company's external financial assistance behavior and ensure stable operations [1]. - Financial assistance includes monetary funds, physical assets, and intangible assets provided to external entities, including subsidiaries and associated companies [1]. Group 2: Financial Assistance Recipients - The company is prohibited from providing financial assistance to related parties as defined by the stock listing rules, with exceptions for non-controlling associated companies under certain conditions [2]. - Financial assistance to related parties must comply with relevant regulations and the company's related party transaction management system [2]. Group 3: Approval Authority and Procedures - Financial assistance requires approval from more than half of the board of directors and, if necessary, from the shareholders' meeting [3]. - Non-related directors must approve financial assistance matters, and if their number is insufficient, the matter must go directly to the shareholders' meeting [3]. Group 4: Risk Assessment and Disclosure - The board must evaluate the financial assistance's necessity, legality, fairness, and impact on shareholders, disclosing risks and the ability of the recipient to repay [4]. - Financial assistance exceeding 10% of the company's latest audited net assets or involving high debt ratios requires additional scrutiny and shareholder approval [4]. Group 5: Information Disclosure - The company must disclose financial assistance details, including agreements, board resolutions, and independent opinions, to the Shanghai Stock Exchange [5][6]. - Timely disclosure is required if the recipient fails to repay or faces financial difficulties [6]. Group 6: Implementation Procedures and Risk Control - The investment and asset management department is responsible for assessing the recipient's financial health and industry outlook before providing assistance [6]. - The compliance and risk control department oversees the legality and compliance of financial assistance [7].