Key Insights - The report highlights the growth in the active bond fund sector, with a total of 3,263 funds and a total scale of 7.90 trillion yuan, reflecting a 1.0% increase quarter-on-quarter [7][8] - The performance of active bond funds showed mixed results, with short-term pure bond funds performing well due to rising government bond yields, while mixed secondary bond funds saw increased volatility [7][8] - The report indicates a shift in asset allocation within bond funds, with a decrease in bond positions and an increase in equity positions, particularly in sectors like non-ferrous metals and pharmaceuticals [8] Group 1: Active Bond Fund Overview - As of the end of Q1 2025, the number of active bond funds increased by 0.8% compared to the previous quarter, while the total fund scale rose by 1.0% [7] - In Q1 2025, 43 new active bond funds were issued, totaling 783.7 billion yuan, which is a 16.7% decrease from the previous quarter [7] - The issuance of medium to long-term pure bond funds decreased by 31.5%, while mixed secondary bond funds saw a 65.1% increase in issuance [7] Group 2: Company-Specific Insights - For Mindray Medical (300760.SZ), the company reported a revenue of 36.726 billion yuan in 2024, a year-on-year increase of 5.14%, with a net profit of 11.668 billion yuan, up 0.74% [9][10] - The company’s international business grew by 21.28%, accounting for approximately 45% of total revenue, indicating a strong international expansion strategy [11] - The report anticipates a recovery in domestic business by Q3 2025, despite a significant year-on-year decline in Q1 2025 [11] Group 3: Industry Trends - The report on Haibo Technology (688411.SH) indicates a revenue of 8.270 billion yuan in 2024, a growth of 18.44%, with a focus on energy storage systems [14][15] - The company’s energy storage product output and sales saw significant increases, with a 35.40% rise in production and a 90.19% increase in sales [15] - The report emphasizes the company’s leading position in the domestic energy storage market and its successful international partnerships [17] Group 4: Financial Performance - For Sanmei Co., Ltd. (603379.SH), the company achieved a revenue of 4.040 billion yuan in 2024, a 21.17% increase, with a net profit growth of 178.40% [24][25] - The report highlights the impact of rising refrigerant prices and strong demand from the home appliance and automotive sectors on the company’s financial performance [25][26] - The company is expected to maintain strong performance due to favorable supply-demand dynamics in the refrigerant market [28] Group 5: Future Outlook - The report suggests that the domestic medical device market, particularly for Mindray Medical, is poised for recovery, with expectations of improved performance in 2025 [11][12] - Haibo Technology is projected to continue its growth trajectory, supported by its strong market position and international expansion efforts [17][18] - Sanmei Co., Ltd. is expected to benefit from ongoing demand in the refrigerant market, with projections for significant profit growth in the coming years [28]

Core Viewpoint - The company plans to distribute a cash dividend of 8.00 yuan per 10 shares for the year 2024, amounting to a total of approximately 2.52 billion yuan, which represents 44.58% of the available profit for distribution [1][54][56]. Company Overview - In 2024, the domestic automotive industry benefited from government policies promoting consumption, leading to a 3.7% increase in production and a 4.5% increase in sales, with total vehicle sales reaching 31.44 million units [2]. - The company specializes in the design, research, and sales of automotive parts and components, with a strong domestic market share and expanding international presence [2]. Financial Data and Indicators - The company reported a net profit of approximately 6.29 billion yuan for 2024, with a proposed cash dividend distribution of 2.52 billion yuan [54][56]. - The company’s total share capital as of December 31, 2024, is 3,152,723,984 shares [1][56]. Important Matters - The company is focusing on new market opportunities in smart and electric vehicle sectors, enhancing its core competitiveness through innovation and market expansion [3][8]. - The company has shifted its business strategy to optimize resource allocation and improve operational efficiency, with 62.2% of its revenue coming from non-SAE customers [8][9]. - The company is actively managing costs and enhancing its supply chain resilience to cope with market fluctuations and competitive pressures [9][10]. Profit Distribution Plan - The proposed profit distribution plan for 2024 includes a cash dividend of 8.00 yuan per 10 shares, which is subject to shareholder approval [54][56]. - The company has a strong history of cash dividends, with the total cash dividend amount exceeding 30% of the average net profit over the last three years [58][60]. Risk Management - The company has implemented comprehensive risk monitoring and management strategies to address market volatility and operational challenges [10].

Group 1 - The company emphasizes reasonable returns to investors and has implemented a stable shareholder return mechanism, distributing cash dividends of 2.365 billion yuan (including tax) for the fiscal year 2023, which accounts for 32.78% of the net profit attributable to shareholders [1] - The company has cumulatively distributed cash dividends of 30.83 billion yuan (including tax) since its listing in 2009 and has approved a profit distribution plan for 2024, proposing to distribute 2.522 billion yuan (including tax), which represents 37.70% of the projected net profit for 2024, an increase of 6.64% from the previous year [1] - The company has received an "A" rating for its information disclosure work for the 2023-2024 period from the Shanghai Stock Exchange and was awarded the "Golden Bull Award for Most Investment Value Top 100 Enterprises" by China Securities Journal [1] Group 2 - The company has revised its governance documents to enhance compliance awareness among key personnel and improve its management system, including the establishment of an ESG report that received favorable ratings from mainstream ESG rating agencies [2] - The company is actively participating in training for directors and key personnel to enhance their compliance awareness and capabilities, while also improving its internal control system through self-assessments and audits [2] Group 3 - The company plans to focus on its core business, improve management levels, and fulfill its responsibilities as a listed company through standardized governance and stable operating performance [3] Group 4 - The company has approved its 2025 annual related party transactions, which are considered normal business activities and will not harm the interests of the company or its shareholders [5] - The company has established various framework agreements for related party transactions with its controlling shareholder, Shanghai Automotive Group Co., Ltd., and its subsidiaries, which are expected to continue into 2025 [7] Group 5 - The company plans to engage in financial derivatives business primarily involving forward foreign exchange products, with an investment amount not exceeding 481.053241 million USD or equivalent foreign currency, to hedge against foreign exchange risks [24] - The company has received board approval to conduct this financial derivatives business within a 12-month period, with strict controls on the types and scale of transactions to avoid speculative activities [28][32] Group 6 - The company intends to reappoint PwC Zhongtian as its financial and internal control audit institution for the fiscal year 2025, with the audit fees set at a maximum of 1.8 million yuan (including tax) for financial audits and 380,000 yuan (including tax) for internal control audits [34][43] - The reappointment of the auditing firm is subject to approval at the company's shareholder meeting [44]

Core Insights - The social security fund has invested in 478 stocks by the end of Q1, with 46 stocks held for over 20 consecutive quarters [1] - The fund's long-term holdings include 257 stocks held for more than four quarters, with 169 stocks held for over two years [1] - Notable long-term holdings include China Overseas Land & Investment, Zhongnan Media, and others, with the longest-held stock being China Overseas Land & Investment since Q2 2011 [1] Holdings Overview - The top holdings by quantity include Changshu Bank (254 million shares), Hualu Hengsheng (122 million shares), and China Jushi (84.52 million shares) [2] - The highest holding percentages are Changshu Bank (8.42%), Hualu Hengsheng (5.77%), and Keri International (5.70%) [2] - Among the 46 stocks, 12 saw an increase in holdings, with significant increases for Huayu Automotive (62.65%), Hualu Hengsheng (19.18%), and Yanjinpuzi (17.90%) [2] Performance Analysis - Of the 46 stocks, 28 reported year-on-year profit growth, with notable increases from Xiantan Co. (583.83%), Zhongyuan Media (234.61%), and China Jushi (108.52%) [3] - Conversely, 17 stocks experienced profit declines, with the largest decreases from Tianrun Dairy (-1713.36%), China Overseas Land & Investment (-303.09%), and Zhongqi Co. (-245.04%) [3] - Stocks with consistent profit growth over the past three years include Aide Biology, Yutong Bus, and Blue Sky Technology [3] Industry Distribution - The 46 stocks are concentrated in industries such as basic chemicals (6 stocks), automotive (5 stocks), and pharmaceutical biology (5 stocks) [2] - The main board contains 30 stocks, while the ChiNext board has 15 stocks, and the Sci-Tech Innovation board has 1 stock [2]

the state of the 华域汽车系统股份有限公司 内部控制审计报告 三、内部控制的固有局限性 普华永道 内部控制审计报告 普华永道中天特审字(2025)第 0595 号 (第一页,共二页) 华域汽车系统股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求, 我们审计了华域汽车系统股份有限公司(以下简称"华域汽车")2024年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》、《企业内部控 制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是华域 汽车董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发 表审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由 于情况的变化可能导致内部控制变得不恰当,或对控制政策和程序遵循的程度 降低,根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 普华永道中天会计师事务所(特殊普通合伙) 中国上海市黄浦区湖滨路2 ...

华域汽车系统股份有限公司 2024 年度财务报表及审计报告 and and the subject of 华域汽车系统股份有限公司 2024 年度财务报表及审计报告 | 内容 | 页码 | | --- | --- | | 审计报告 | 1 - 5 | | 2024 年度财务报表 | | | 合并及公司资产负债表 | 1 - 4 | | 合并及公司利润表 | 5 - 7 | | 合并及公司现金流量表 | 8 - 9 | | 合并股东权益变动表 | 10 - 11 | | 公司股东权益变动表 | 12 - 13 | | 财务报表附注 | 14 - 155 | | 补充资料 | 1 | 普华永道 审计报告 普华永道中天审字(2025)第 10026号 (第一页,共五页) 华域汽车系统股份有限公司全体股东: 审计意见 í 我们审计的内容 (一) 我们审计了华域汽车系统股份有限公司(以下简称"华域汽车")的财务 报表,包括 2024年 12月 31 目的合并及公司资产负债表,2024年度的合并 及公司利润表、合并及公司现金流量表、合并及公司股东权益变动表以及财 务报表附注。 (二) 我们的意见 我们认为,后附的财务报表 ...

2024 年度独立董事述职报告 （余卓平） 2024 年，本人根据中国证监会《上市公司治理准则》、《上 市公司独立董事管理办法》，上海证券交易所《股票上市规则》、 《上市公司自律监管指引第 1 号——规范运作》以及《公司章程》、 《独立董事工作制度》等规定，忠实、勤勉地履行独立董事职责， 在董事会中发挥了专业作用，在促进公司规范运作，维护公司及 股东，尤其是中小股东合法权益等方面做出了积极努力。现就 2024 年度主要履职情况报告如下： 一、独立董事基本情况 （一）个人专业背景、工作履历情况 本人为工学博士，教授，博士生导师，现任同济大学智能型 新能源汽车协同创新中心主任。 （二）是否存在影响独立性的情况说明 报告期内，我本人任职符合《上市公司独立董事管理办法》 第六条规定的独立性要求，不存在影响独立性的情况（详见附件 《2024 年度独立董事独立性自查情况表》）。 二、年度履职概况 （一）参加董事会及出席股东大会情况 2024 年，公司共召开 6 次董事会，本人全部出席参会，没 有委托参加的情况；本人出席了公司 2023 年年度股东大会。 （二）参加董事会专门委员会及独立董事专门会议情况 2024 年，本人 ...

2024 年度独立董事述职报告 （芮明杰） 2024 年，本人根据中国证监会《上市公司治理准则》、《上 市公司独立董事管理办法》，上海证券交易所《股票上市规则》、 《上市公司自律监管指引第 1 号——规范运作》以及《公司章程》、 《独立董事工作制度》等规定，忠实、勤勉地履行独立董事职责， 在董事会中发挥了专业作用，在促进公司规范运作，维护公司及 股东，尤其是中小股东合法权益等方面做出了积极努力。现就 2024 年度主要履职情况报告如下： 一、独立董事基本情况 （一）个人专业背景、工作履历情况 本人为经济学博士、教授、博士生导师，现任复旦大学企业 发展与管理创新研究中心主任。 （二）是否存在影响独立性的情况说明 报告期内，我本人任职符合《上市公司独立董事管理办法》 第六条规定的独立性要求，不存在影响独立性的情况（详见附件 《2024 年度独立董事独立性自查情况表》）。 2024 年，公司共召开 6 次董事会和 3 次股东大会，本人全 部出席参会，没有委托参加的情况。 （二）参加董事会专门委员会及独立董事专门会议情况 2024 年，本人作为董事会提名、薪酬与考核委员会的主任 委员，召集并主持了 3 次会议，审议议 ...

（二）是否存在影响独立性的情况说明 2024 年，本人根据中国证监会《上市公司治理准则》、《上 市公司独立董事管理办法》，上海证券交易所《股票上市规则》、 《上市公司自律监管指引第 1 号——规范运作》以及《公司章程》、 《独立董事工作制度》等规定，忠实、勤勉地履行独立董事职责， 在董事会中发挥了专业作用，在促进公司规范运作，维护公司及 股东，尤其是中小股东合法权益等方面做出了积极努力。现就 2024 年度主要履职情况报告如下： 一、独立董事基本情况 （一）个人专业背景、工作履历情况 本人拥有注册会计师、高级会计师资格，现任上海华鼎瑞德 企业管理咨询有限公司法定代表人。 2024 年度独立董事述职报告 （吕秋萍） 报告期内，我本人任职符合《上市公司独立董事管理办法》 第六条规定的独立性要求，不存在影响独立性的情况（详见附件 《2024 年度独立董事独立性自查情况表》）。 二、年度履职概况 （一）参加董事会及出席股东大会情况 2024 年，公司共召开 6 次董事会和 3 次股东大会，本人全 部出席参会，没有委托参加的情况。 （二）参加董事会专门委员会及独立董事专门会议情况 2024 年，本人作为董事会审计委员会 ...

华域汽车系统股份有限公司 2024 年度控股股东及其他关联方占用资金情况专项报告 华域汽车系统股份有限公司 2024 年度控股股东及其他关联方占用资金情况专项报告 | 内容 | 项码 | | --- | --- | | 控股股东及其他关联方占用资金情况专项报告 | 1 - 2 | | 附件: | | | 控股股东及其他关联方占用资金情况汇总表 | 1 - 7 | 普华永道 普华永道中天特审字(2025)第0593号 (第二页,共二页) 我们的责任是在执行鉴证工作的基础上对情况表作出结论。我们根据《中 国注册会计师其他鉴证业务准则第3101号 - 历史财务信息审计或审阅以外的鉴 证业务》的规定执行了鉴证工作。该准则要求我们遵守职业道德规范,计划和 实施鉴证工作,以对我们是否发现任何事项使我们相信情况表所载资料与我们 审计财务报表时所审核的会计资料及财务报表中所披露的相关内容在所有重大 方面存在不一致的情况获取保证。在对财务报表执行审计的基础上,我们对情 况表实施了包括核对、询问、抽查会计记录等我们认为必要的工作程序。 关于华域汽车系统股份有限公司 控股股东及其他关联方占用资金情况专项报告 普华永道中天特审字(2 ...