法律意见书 安徽天禾律师事务所关于 惠而浦(中国)股份有限公司 2024 年年度股东大会之法律意见书 安徽天禾律师事务所 ANHUI TIANHE LAW OFFICE 地址:安徽省合肥市怀宁路 288 号置地广场 A 座 34-35F 电话: （0551）62642792 传真: （0551）62620450 网址： http://www.tianhelaw.cn 法律意见书 安徽天禾律师事务所关于 惠而浦(中国)股份有限公司 2024 年年度股东大会之法律意见书 天律意 2025 第 01482 号 致: 惠而浦(中国)股份有限公司 根据《中华人民共和国公司法》〈以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》《上 海证券交易所上市公司股东大会网络投票实施细则》 <以下简称"《网络投票实 施细则》"）等有关法律、法规及规范性文件以及《惠而浦（中国）股份有限公 司章程》（以下简称"《公司章程》"）的有关规定，安徽天禾律师事务所（以 下简称"本所")接受惠而浦 (中国)股份有限公司 (以下简称"惠而浦"或"公 司"）的委托，指派卢贤榕律师、熊丽蓉律师（以 ...

Core Points - The company is preparing for the 2024 Annual General Meeting (AGM) scheduled for June 13, 2025, to ensure orderly proceedings and protect shareholder rights [1][2] - The company reported a revenue of 3.65 billion yuan for 2024, a decrease of 8.85% compared to the previous year, while net profit attributable to shareholders was 202 million yuan, indicating improved profitability [10][23] - The company plans to distribute a cash dividend of 0.29 yuan per share, totaling approximately 222 million yuan, which represents 110.15% of the net profit attributable to shareholders [25][26] Meeting Procedures - Shareholders must register to speak at the AGM 10 minutes before the meeting starts, with a speaking limit of 5 minutes per shareholder [2] - The AGM will include discussions and voting on various proposals, with a combination of on-site and online voting methods [2][4] Financial Performance - The company experienced a decline in operating income due to intensified market competition and changes in product sales structure, but saw an increase in overseas orders in the fourth quarter [10][23] - The company’s total assets were reported at approximately 5.24 billion yuan, showing a slight decrease of 0.05% from the previous year [23] Governance and Compliance - The board of directors has established several committees to oversee various aspects of company operations, including audit and compliance [5][6] - The company has maintained a strong internal control system and has complied with relevant laws and regulations, ensuring transparency and accountability [20][21] Future Plans - The company aims to enhance its product offerings and market presence, focusing on high-end appliances and expanding into new markets [10][14] - For 2025, the company plans to apply for a credit limit of up to 3.5 billion yuan for foreign exchange hedging to mitigate currency risks [29][30]

惠而浦（中国）股份有限公司 2024 年年度股东大会会议资料 二〇二五年六月 惠而浦（中国）股份有限公司 2024 年年度股东大会现场会议须知 为了维护全体股东的合法权益，确保股东大会现场会议的正常秩序和议事效 率，保证大会的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证 券法》、公司章程和股东大会议事规则等有关规定，特制定本须知。 一、为保证股东大会的严肃性和正常秩序，切实维护与会股东（包括代理人， 以下同）的合法权益，务请出席现场会议的股东准时到会场签到并参加会议。股 东大会设会务组，由公司董事会秘书负责会议的程序安排和会务工作。 二、股东出席现场大会，依法享有发言权、咨询权、表决权等各项权利。在 大会召开过程中，公司不向参会股东发放任何形式的礼品，对于干扰股东大会秩 序和侵犯其他股东合法权益的行为，大会会务组有权采取必要的措施加以制止并 及时报告有关部门查处。 三、出席现场会议的股东要求发言或就有关问题提出质询时，需要在会议正 式开始前 10 分钟内向大会会务组登记，并填写发言申请单，经大会会务组许可， 按登记的先后顺序依次发言。股东发言时，应首先报告其持有公司股份的数量。 每一股东发言时间 ...

证券代码：600983 股票简称：惠而浦 公告编号：2025-019 一、独立董事离任情况 | 姓名 | 离任 | | 原定任期 | | 是否继续在上 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | | | 职务 | 离任时间 | 到期日 | 离任原因 | 市公司及其控 股子公司任职 | 毕的公开 承诺 | | Sean Shao | 独立 | 补选产生 新任独立 | 第九届董 事会任期 | 个人工作 | 否 | | | （邵孝恒） | 董事 | | | 原因 | | 否 | | | | 董事之日 | 届满之日 | | | | （一）提前离任的基本情况 惠而浦（中国）股份有限公司 关于独立董事辞职暨补选独立董事 并调整董事会战略及投资委员会委员的公告 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。 惠而浦（中国）股份有限公司（以下简称"公司"）于 2025 年 6 月 3 日召开 2025 年第一次临时董事会，审议通过了《关于补选第九届董事会独立董事的议 案》 ...

证券代码：600983 证券简称：惠而浦 公告编号：2025-020 惠而浦（中国）股份有限公司 关于2024年年度股东大会增加临时提案的公告 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。 一、股东大会有关情况 1.股东大会的类型和届次： 2024年年度股东大会 2.股东大会召开日期：2025 年 6 月 13 日 3.股权登记日 三、除了上述增加临时提案外，于2025 年 5 月 24 日公告的原股东大会通知事项 不变。 四、增加临时提案后股东大会的有关情况。 (一)现场会议召开的日期、时间和地点 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 600983 | 惠而浦 | 2025/6/6 | 二、增加临时提案的情况说明 1.提案人：惠而浦（中国）投资有限公司 2.提案程序说明 公司已于2025 年 5 月 24 日公告了股东大会召开通知，单独持有19.9%股份 的股东惠而浦（中国）投资有限公司，在2025 年 6 月 2 日提出临时提案并书 ...

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。 一、董事会会议召开情况 惠而浦（中国）股份有限公司（以下简称"公司"）2025 年第一次临时董 事会会议通知于 2025 年 5 月 29 日以送达和电子邮件方式发出，并于 2025 年 6 月 3 日以通讯表决的方式召开。全体董事参与表决。本次会议的召集、召开符合 有关法律法规和《公司章程》的规定，会议决议合法、有效。 证券代码:600983 股票简称：惠而浦 公告编号： 2025-018 惠而浦（中国）股份有限公司 2025年第一次临时董事会决议公告 二、董事会会议审议情况 1、审议通过《关于补选第九届董事会独立董事的议案》 鉴于公司第九届董事会独立董事邵孝恒先生因个人工作原因，于近日辞去公 司第九届董事会独立董事职务，同时辞去第九届董事会战略及投资委员会委员职 务。 为保障公司董事会的正常运行，根据《上市公司独立董事管理办法》等有关 规定，经惠而浦（中国）投资有限公司提名，公司董事会提名、薪酬与考核委员 会资格资质审核，董事会同意补选李正宁先生为第九届董事会独立董事候 ...

证券代码：600983 证券简称：惠而浦 公告编号：2025-017 惠而浦（中国）股份有限公司 关于召开2024年年度股东大会的通知 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 召开的日期时间：2025 年 6 月 13 日 14 点 00 分 召开地点：惠而浦工业园总部大楼 B707 会议室 (五)网络投票的系统、起止日期和投票时间。 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号—规范运作》 等有关规定执行。 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 13 日 至2025 年 6 月 13 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 股东大会召开日期：2 ...

Core Viewpoint - The white goods industry in A-share market has shown significant performance divergence, with leading companies benefiting from scale and innovation while smaller firms face increasing pressure and declining performance [1][2]. Industry Performance - In 2024, the white goods industry achieved a total revenue of 10,465.29 billion yuan and a net profit of 914.88 billion yuan [1]. - The industry experienced a "Matthew effect," where leading companies strengthened their market positions, while smaller firms struggled [1]. Company Performance - Midea Group led the industry with a revenue of 4,071.50 billion yuan and a net profit of 385.37 billion yuan, showing year-on-year growth rates of 9.44% and 14.29% respectively [2][3]. - Haier Smart Home reported a revenue of 2,859.81 billion yuan and a net profit of 187.41 billion yuan, with a high quality of earnings reflected in a 95% proportion of non-recurring net profit [2][3]. - Gree Electric Appliances saw a revenue decline of 7.26%, with a net profit growth of only 10.91%, indicating a lag behind its competitors [2][3]. Performance Disparity - Half of the listed companies in the white goods sector experienced revenue declines in 2024, including Gree, Konka, Aucma, Whirlpool, and Snowman Electric [4]. - Konka reported a significant loss of 32.96 billion yuan, with a year-on-year loss increase of 52.31% due to declining traditional appliance business [4]. - Aucma transitioned from profit to loss, with a year-on-year decline of 186.56% [4]. Profitability Metrics - The industry exhibits a "high gross margin, low net margin" characteristic, with significant disparities among companies [5]. - Gree Electric Appliances leads with a gross margin of 29.43% and a net margin of 17.11% [7]. - Konka has the lowest gross margin at 4.40% and a net margin of -34.95%, indicating severe profitability issues [7]. Expense Management - The top three companies (Haier, Midea, Gree) have significantly higher sales and R&D expenses compared to others, with Haier's sales expenses being 3.13 times its R&D expenses [8][9]. - Four companies, including Aucma and Konka, reduced their R&D expenses year-on-year, which may negatively impact their long-term competitiveness [9]. Operational Efficiency - Midea, Gree, and Haier maintain superior cash generation and operational efficiency, with Midea achieving over 600 billion yuan in operating cash flow [13]. - Konka's inventory turnover days exceed 100 days, indicating potential inventory accumulation and sales risks [13]. - Whirlpool is the only company in the industry with negative operating cash flow, highlighting its weak sales collection ability [13].

Group 1 - The core viewpoint of the article highlights the significant price increases of various household products in the U.S. following the government's announcement of global tariffs on April 2 [1] - Specific examples include a 43% price increase for certain Barbie dolls and an approximate $80 increase in the price of some Whirlpool washing machines during the period from April 16 to April 30 [1] - Additionally, prices of leggings sold at Target rose by nearly one-third, while a drill sold at other department stores saw a $20 price increase [1] Group 2 - The report indicates that products not yet affected by tariffs are expected to face price hikes soon, as retailers and manufacturers believe that higher costs will be passed on to consumers [1]

Core Viewpoint - The white goods industry is entering a "folding era," where major players like Midea Group, Haier Smart Home, and Hisense dominate 95% of industry profits, leaving smaller brands struggling for survival [2][3]. Group 1: Industry Overview - The white goods sector is characterized by a significant concentration of profits among a few large companies, with Midea, Haier, and Hisense leading the market [2]. - Smaller brands face challenges due to cost pressures and technological gaps, leading to a "survival of the fittest" scenario [2][3]. - The competition is intensifying with a focus on smart and scenario-based ecosystems, which raises the entry barriers for smaller players lacking technological depth [2]. Group 2: Financial Performance of Major Players - Midea Group reported a revenue of 407.15 billion yuan and a net profit of 38.54 billion yuan in 2024, marking a 9.44% increase in revenue and a 14.29% increase in net profit compared to 2023 [4][5]. - Haier Smart Home achieved a revenue of 285.98 billion yuan and a net profit of 18.74 billion yuan, with a strong presence in the high-end market [5]. - Hisense's revenue reached 92.75 billion yuan with a net profit of 3.35 billion yuan, but it faces cash flow challenges and increasing debt levels [6]. Group 3: Challenges Faced by Smaller Brands - Whirlpool's revenue declined by 8.85% to 3.65 billion yuan, but its net profit surged by 148.72% due to drastic cuts in marketing expenses [8][16]. - Aucma reported a revenue drop of 15.99% to 7.82 billion yuan, with a net loss of 48.53 million yuan, highlighting its precarious position in the market [18][22]. - Long-term survival for smaller brands is threatened by rising costs and a lack of competitive advantages, as evidenced by their low profit margins and market share erosion [7][8]. Group 4: Market Dynamics and Future Outlook - The white goods industry is witnessing a "Matthew effect," where the rich get richer, and smaller players are increasingly marginalized [2][22]. - The competition is not merely about size but also about technological advancement and operational efficiency, leading to a scenario where "smart manufacturing" outpaces traditional methods [22]. - By 2025, the list of survivors in the white goods industry is expected to shrink further, emphasizing the need for technological depth and strategic focus to avoid obsolescence [22].