证券代码：600818 证券简称：中路股份 公告编号：2025-022 900915 中路 B 股 中路股份有限公司 关于召开2024年年度（第五十三次）股东大会 的通知 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： 一、 召开会议的基本情况 （一）股东大会类型和届次 2024年年度（第五十三次）股东大会 （二）股东大会召集人：董事会 召开的日期时间：2025 年 6 月 20 日 14 点 00 分 召开地点：上海市宝山区真大路 560 号永久 1940·iHUB 创意产业园 A3 栋 1 号 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 20 日 至2025 年 6 月 20 日 股东大会召开日期：2025年6月20日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 无。 二、 会议审议事项 本次股东大会审议议案及投票股东类型 | 序 | 议案名称 | | 投票股东类型 | | --- | -- ...

证券代码：600818 证券简称：中路股份 公告编号：2025-020 900915 中路 B 股 中路股份有限公司 十一届十二次董事会决议公告 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。 列席：监事会主席颜奕鸣 监事黄铭峰 职工代表监事陆永健 董事会秘书朱智 财务负责人龚平 二、董事会会议审议情况 1、审议通过《关于修订<公司章程>及其附件的议案》 表决结果：同意 5 票，反对 0 票，弃权 0 票。 一、董事会会议召开情况 本次会议的召开符合《公司法》《公司章程》和《董事会议事规则》的有关 规定，会议合法有效。 方式：现场结合通讯方式召开 （三）应 出 席 董 事 ：5 人 实际出席董事：5 人 （四）主持：董事长陈闪 根据《公司法》及中国证监会《关于新<公司法>配套制度规则实施相关过 渡期安排》《上市公司章程指引》等法律法规、规范性文件的相关规定，公司 对《公司章程》《股东会议事规则》《董事会议事规则》进行修订，废止《监 事会议事规则》。同时，提请股东大会授权公司董事长及经办人员代表公司办 理工商变更登记手续，并根据 ...

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]

Group 1 - The shared bicycle concept sector declined by 1.55%, ranking among the top declines in concept sectors, with major declines seen in companies like Xinlong Health, Zhejiang Wenlian, and Boshi Jie [1] - Among the shared bicycle sector, only four stocks saw price increases, with Keli Yuan, Shanghai Phoenix, and Hemei Group leading the gains at 2.05%, 1.81%, and 0.98% respectively [1] - The shared bicycle sector experienced a net outflow of 383 million yuan from main funds today, with Zhejiang Wenlian seeing the largest outflow of 265 million yuan [2] Group 2 - The top gainers in today's concept sectors included graphite electrodes at 2.57%, recombinant proteins at 2.52%, and gold concepts at 2.06%, while the shared bicycle sector was among the top decliners [2] - The main funds saw significant outflows from several companies in the shared bicycle sector, with Xinlong Health and Zhongbei Communication also experiencing notable outflows of 60.86 million yuan and 38.73 million yuan respectively [2] - The top inflows in the shared bicycle sector were seen in Keli Yuan and Aima Technology, with net inflows of 15.89 million yuan and 4.88 million yuan respectively [2]

证券代码：600818 证券简称：中路股份 公告编号：2025-019 中路股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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： ? 会议召开时间：2025 年 5 月 22 日（星期四）15:00-16:00 ? 会议召开地点：价值在线（www.ir-online.cn） ? 会议召开方式：网络互动方式 ? 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 5 月 22 日 前 访 问 网 址 https://eseb.cn/1oeTjts4zC0 或使用微信扫描下方小程序码进行会前 提问，中路股份有限公司（以下简称"公司"）将通过本次业绩说明会， 在信息披露允许范围内就投资者普遍关注的问题进行回答。 一、 说明会类型 公司已分别于 2025 年 4 月 18 日、2025 年 4 月 29 日在上海证券交易所网站 （www.sse.com.cn）披露《2024 年年度报告》《2024 年年度报告摘要》及《2025 年第一 ...

证券代码：600818 证券简称：中路股份 公告编号：2025-019 900915 中路 B 股 中路股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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： 一、 说明会类型 公司已分别于 2025 年 4 月 18 日、2025 年 4 月 29 日在上海证券交易所网站 （www.sse.com.cn）披露《2024 年年度报告》《2024 年年度报告摘要》及《2025 年第一季度报告》。 1 投 资 者 可 于 2025 年 5 月 22 日 （ 星 期 四 ） 15:00-16:00 通 过 网 址 https://eseb.cn/1oeTjts4zC0 或使用微信扫描下方小程序码即可进入参与互 动交流。投资者可于 2025 年 5 月 22 日前进行会前提问，公司将通过本次业绩说 明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 五、 联系人及咨询办法 联系人：董事会办公室 会议召开时间：2025 年 5 月 22 日 ...

Group 1 - The 2025 China International Bicycle Exhibition in Shanghai attracted nearly 1,600 domestic and international exhibitors, marking a record scale for the event [1] - Notable participating companies included Ji Qi Co., Ltd., Zhonglu Co., Ltd., Ananda, Tuobang Co., Ltd., and Shanghai Phoenix [1] - Zhonglu Co., Ltd.'s subsidiary, Shanghai Forever Bicycle Co., Ltd., showcased its high-end sub-brand "Dragon Brand," which utilizes advanced materials and technologies to enter the high-end market [1] Group 2 - The "Dragon Brand" series includes two original products, "Yinglong" and "Qinglong," set to launch in 2024, with the "Yinglong" winning a gold medal at the China Electric Bicycle Design Competition [1] - The series features a frame valued over 10,000 yuan, breaking the traditional price barrier of around 1,000 yuan for Forever bicycles, showcasing the brand's high-end innovation [1] - Forever Bicycle primarily targets the domestic market through a multi-channel approach, creating a brand matrix across different price ranges to cater to various consumer needs [2] Group 3 - Zhonglu Co., Ltd. announced plans to acquire a 52.87% stake in the well-known bicycle brand Factor, which specializes in high-performance carbon fiber road bicycles [2] - This acquisition aims to enhance Forever Bicycle's brand strength and market competitiveness by leveraging Factor's strong R&D capabilities and established sales network [2] - The company plans to focus on the bicycle industry chain's development, integrating resources to build top-tier carbon fiber bicycle technology and expand high-end models into overseas markets [3] Group 4 - Forever Bicycle aims to cover a full product line for all life stages, including children's bikes, commuting bikes, mountain bikes, and electric motorcycles, while maintaining a competitive price-performance ratio [3] - The company intends to uphold its status as a traditional Chinese brand by meeting consumer demands for quality and service, adapting to market changes [3]

Group 1 - The shared bicycle concept sector rose by 2.86%, ranking 8th among concept sectors, with 11 stocks increasing in value, including Shanghai Phoenix which hit the daily limit, and others like Yong'an Xing and Hemei Group showing significant gains of 4.93%, 3.05%, and 2.87% respectively [1] - The shared bicycle sector saw a net inflow of 347 million yuan from main funds today, with 10 stocks receiving net inflows, and 5 stocks exceeding 10 million yuan in net inflow, led by Shanghai Phoenix with a net inflow of 176 million yuan [2] - In terms of fund inflow ratios, Shanghai Phoenix, Aima Technology, and Yong'an Xing had the highest net inflow rates at 39.58%, 11.13%, and 9.87% respectively [3]

Core Insights - The 2025 China International Bicycle Exhibition showcases over 1,500 companies focusing on technological innovation and green development in the bicycle industry [1][2] - The industry is increasingly adopting eco-friendly production processes, including the use of recycled materials and low-energy equipment [2][3] - Innovation is a key theme, with new products like carbon-ceramic brake discs and enhanced chain designs being highlighted [3][4] Industry Trends - The bicycle industry is undergoing a green transformation, with companies implementing sustainable practices throughout their supply chains [2][3] - Companies are utilizing data intelligence to monitor and manage carbon emissions in their supply chains, enhancing their competitiveness in international markets [2][3] - The trend towards lightweight and durable materials is evident, with products like the "SuperDURO" chain showing a 30% increase in durability while being lighter [3][4] Market Expansion - Chinese bicycle manufacturers are increasingly entering international markets, with significant export growth reported [4][5] - Companies like Hebei Tianwang Bicycle Technology Co., Ltd. reported an export revenue of 450 million yuan last year, with expectations to exceed 40 million yuan in April alone [4] - The exhibition attracted suppliers from over 20 countries, indicating a growing interest in Chinese manufacturing capabilities [4][5]

| 证券代码：600818 | 证券简称：中路股份 | | | | 公告编号：2025-018 | | --- | --- | --- | --- | --- | --- | | 900915 | | 中路 | B | 股 | | 中路股份有限公司 关于收购股权及增资的进展公告 1 股标的公司股份的交割，作为新股东已签署 Accession Deed Poll （《加入协议》） 加入 Shareholders Agreement (《股东协议》)成为协议一方，并受其约束，同 时作为股东受 Company Constitution of Factor Bikes Pty Ltd (《标的公司章 程》)约束。根据 Share Subscription Agreement （《股份认购协议》）的要求， 优势全球投资将于后续完成增资。 三、风险提示 （一）审批及增资交割风险 本次已完成收购股份的交割，根据协议后续还有增资事项，尽管中路股份前 期对增资事项进行了充分沟通并达成合意，如后续交易各方因各种原因未能按协 议之约定履行增资并且完成交割程序，则可能面临无法增资交割的风险。本次交 易完成后涉及公司直接或间接持有澳大 ...