审 计 报 告 天健审〔2025〕7808 号 桐昆集团股份有限公司全体股东： 一、审计意见 目 录 | 一、审计报告……………………………………………………… 第 | | 1—6 | 页 | | --- | --- | --- | --- | | 二、财务报表……………………………………………………… | 第 | 7—16 | 页 | | （一）合并资产负债表…………………………………………… | | 第 | 7 页 | | （二）母公司资产负债表………………………………………… | | 第 | 8 页 | | （三）合并利润表………………………………………………… | | 第 | 9 页 | | （四）母公司利润表………………………………………………第 | | | 10 页 | | （五）合并现金流量表……………………………………………第 | | | 11 页 | | （六）母公司现金流量表…………………………………………第 | | | 12 页 | | （七）合并所有者权益变动表……………………………… | 第 | 13-14 | 页 | | （八）母公司所有者权益变动表…………………………… | 第 ...

目 录 一、募集资金年度存放与使用情况鉴证报告………………………第 1—2 页 二、关于募集资金年度存放与使用情况的专项报告…………… 第 3—11 页 桐昆股份公司管理层的责任是提供真实、合法、完整的相关资料，按照《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年 修订）》（证监会公告〔2022〕15 号）和《上海证券交易所上市公司自律监管 指引第 1 号——规范运作（2023 年 12 月修订）》（上证发〔2023〕193 号）的 规定编制《关于募集资金年度存放与使用情况的专项报告》，并保证其内容真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏。 募集资金年度存放与使用情况鉴证报告 天健审〔2025〕号 7810 号 桐昆集团股份有限公司全体股东： 我们鉴证了后附的桐昆集团股份有限公司（以下简称桐昆股份公司）管理层 编制的 2024 年度《关于募集资金年度存放与使用情况的专项报告》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供桐昆股份公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本鉴证报告作为桐昆股份公司年度报告的必备文件，随同其他文件一 起报送 ...

Financial Performance - The company achieved a net profit of 1,188.76 million yuan for the year 2024[6]. - Total distributable profits for 2024 amount to 10,210.44 million yuan[6]. - The proposed cash dividend is 0.1 yuan per share, totaling 238.36 million yuan for eligible shares[6]. - The company has a total share capital of 2,404,779,773 shares, with 2,383,553,900 shares eligible for the dividend after excluding treasury shares[6]. - No additional statutory surplus reserves will be allocated as the cumulative reserves have reached 50% of registered capital[6]. - The company does not plan to issue bonus shares or convert capital reserves into share capital this year[6]. - The company's operating revenue for 2024 reached CNY 101.31 billion, a 22.59% increase compared to CNY 82.64 billion in 2023[24]. - Net profit attributable to shareholders for 2024 was CNY 1.20 billion, reflecting a 50.80% increase from CNY 797.04 million in 2023[24]. - The net profit excluding non-recurring gains and losses for 2024 was CNY 934.26 million, up 105.39% from CNY 454.86 million in 2023[24]. - Cash flow from operating activities for 2024 was CNY 8.78 billion, a significant increase of 181.30% compared to CNY 3.12 billion in 2023[24]. - Total assets at the end of 2024 amounted to CNY 104.39 billion, a 1.89% increase from CNY 102.45 billion at the end of 2023[24]. - The company's net assets attributable to shareholders reached CNY 36.54 billion, up 3.02% from CNY 35.47 billion in 2023[24]. - Basic earnings per share increased by 50% to CNY 0.51 in 2024 compared to CNY 0.34 in 2023[25]. - The weighted average return on equity rose to 3.34%, an increase of 1.07 percentage points from 2.27% in 2023[25]. - The company reported a net profit of CNY 579,923,332.09 in Q1 2024, with a significant increase in sales revenue[27]. - The company experienced a decline in net profit in Q3 2024, reporting a loss of CNY 58,558,090.82[27]. Operational Efficiency and Growth Strategies - The company plans to expand its market presence and invest in new product development to enhance competitiveness[24]. - Future guidance indicates a continued focus on increasing operational efficiency and profitability[24]. - The company is exploring potential mergers and acquisitions to accelerate growth and market share[24]. - New technologies and differentiated fiber products are being developed to meet evolving market demands[24]. - The company plans to continue optimizing its production capabilities and expanding its product lines to enhance profitability[25]. - The company has implemented advanced management practices such as "5S" and "TPM" to enhance operational efficiency and reduce production costs[60]. - The company is committed to digital transformation and technological innovation to enhance operational efficiency and develop new products[130]. - The company is focusing on optimizing its energy structure and promoting low-carbon development, including the establishment of green factories and supply chains[89]. Market and Industry Insights - In 2024, the overall price trend for polyester filament showed a narrow fluctuation in the first half and a downward trend in the second half, with significant price drops in Q3 due to high inventory pressure and weak demand[35][36][37]. - The chemical fiber industry achieved a production volume of 74.75 million tons, representing a year-on-year growth of 8.8%[44]. - The average operating load in the chemical fiber industry remained high, with polyester and nylon filament operating loads exceeding 90%, increasing by 7.8 and 8.8 percentage points respectively compared to 2023[44]. - The export volume of chemical fiber products reached 6.65 million tons in 2024, marking a year-on-year increase of 2.16%[45]. - The company has maintained its position as the top seller in the polyester filament industry in China for 24 consecutive years, with a market share that continues to increase[56]. - The company is actively engaging in investment attraction initiatives to promote local economic development and create more job opportunities[42]. - The company is exploring new market opportunities driven by consumer upgrades and the expansion of the middle class, which is expected to boost demand for polyester filament products[122]. Environmental and Compliance Efforts - The company has successfully initiated the first carbon management system in the chemical fiber industry, enhancing its green and low-carbon image[42]. - The company is investing in safety and environmental measures to mitigate risks associated with production processes and regulatory compliance[134]. - The company has not reported any instances of exceeding pollution discharge standards in its environmental monitoring[189]. - The total COD emissions for 嘉兴石化有限公司 were 348.19 tons, with an actual emission of 336.77 tons, indicating a compliance rate of approximately 3.9% below the limit[191]. - Hengji Company achieved compliance with all pollutant discharge standards during the reporting period[200]. - Both companies are actively monitored for environmental compliance[200]. - Environmental performance remains a priority for both Hengji and Hengyuan[200]. Corporate Governance and Management - All board members attended the board meeting, ensuring the integrity of the annual report[4]. - The company has established a management system to prevent the non-operational occupation of funds by controlling shareholders and related parties[140]. - The board of directors consists of 4 independent directors who actively fulfill their responsibilities and provide independent opinions on related party transactions[138]. - The company has implemented a strict information disclosure policy, completing quarterly and annual reports in a timely manner[139]. - The company encourages direct communication between employees and management to reflect opinions on major decisions affecting employee interests[138]. - The company has established a robust investor relations management system to ensure equal access to information for all shareholders[139]. - The company held 4 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[137]. Research and Development - The company aims to enhance its innovation capabilities, targeting a research and development expenditure intensity of 2% in the chemical fiber industry[86]. - The company has implemented a stock incentive plan, with no new grants during the reporting period, maintaining a total of 940,000 restricted stocks held by executives[181]. - A total of 112 invention patents were filed this year, with 44 patents authorized, setting a historical high[99]. - The company has received recognition for its technological innovations, including awards for projects related to intelligent big data platforms and key textile technologies[97]. Employee and Shareholder Relations - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 1,268.38 million[145]. - The company employs a salary policy primarily based on job skills, supplemented by allowances[165]. - The company has implemented an annual employee training plan, with subsidiaries required to develop and execute their own plans[166]. - The company has established a three-year shareholder return plan for 2024-2026, focusing on sustainable development and stable returns[172].

桐昆集团股份有限公司独立董事 2024 年度述职报告 桐昆集团股份有限公司独立董事 2024 年度述职报告 作为桐昆集团股份有限公司（以下简称"公司"）的独立董事，2024年度本人 严格按照《公司法》《上市公司治理准则》《上市公司独立董事管理办法》以及《公 司章程》等相关法律法规和规章制度的规定和要求，在2024年的工作中，谨慎、勤 勉、忠实履行职务，积极出席相关会议，认真审议董事会各项议案，对公司相关事 项发表独立意见，切实发挥独立董事的作用，维护了公司和股东尤其是社会公众股 股东的权益。现将本人2024年度履职情况报告如下： 一、独立董事的基本情况 刘可新，男，1963 年 3 月出生，上海交通大学管理学院博士后，民建会员，副 教授。1986 年参加工作，历任上海交大产业投资管理（集团）有限公司执行副总裁、 上海宁夏投资发展有限公司董事和常务副总经理、上海世贸汽车贸易有限公司董事 长特别助理、上海制皂集团（如皋）有限公司总经理、浙江桐昆控股集团有限公司 副总裁。2011 年 7 月-2023 年 3 月，任上海应用技术大学副教授，现已退休。现任 桐昆集团股份有限公司第九届董事会独立董事。 经认真自查，任职 ...

桐昆集团股份有限公司独立董事 2024 年度述职报告 桐昆集团股份有限公司独立董事 2024 年度述职报告 作为桐昆集团股份有限公司（以下简称"公司"）的独立董事，2024年度本人 严格按照《公司法》《上市公司治理准则》《上市公司独立董事管理办法》以及《公 司章程》等相关法律法规和规章制度的规定和要求，在2024年的工作中，谨慎、勤 勉、忠实履行职务，积极出席相关会议，认真审议董事会各项议案，对公司相关事 项发表独立意见，切实发挥独立董事的作用，维护了公司和股东尤其是社会公众股 股东的权益。现将本人2024年度履职情况报告如下： 一、独立董事的基本情况 陈智敏，女，1960 年 4 月出生，杭州市民建常委，硕士研究生。浙江天健东方 工程投资咨询有限公司高级顾问、浙江省注册会计师协会常务理事及省造价管理协 会常务副会长。曾任浙江浙经资产评估所所长、浙江浙经资产评估有限公司董事长、 浙江天健东方工程投资咨询有限公司总经理、高级顾问等；第九届、第十届、第十 一届浙江省政协委员，第十一届、第十二届杭州市民建委员；浙江财通资本投资有 限公司外部董事（任期至 2024 年 10 月 30 日）。现任浙江迦南科技股份有限公 ...

桐昆集团股份有限公司独立董事 2024 年度述职报告 桐昆集团股份有限公司独立董事 2024 年度述职报告 作为桐昆集团股份有限公司（以下简称"公司"）的独立董事，2024年度本人 严格按照《公司法》《上市公司治理准则》《上市公司独立董事管理办法》以及《公 司章程》等相关法律法规和规章制度的规定和要求，在2024年的工作中，谨慎、勤 勉、忠实履行职务，积极出席相关会议，认真审议董事会各项议案，对公司相关事 项发表独立意见，切实发挥独立董事的作用，维护了公司和股东尤其是社会公众股 股东的权益。现将本人2024年度履职情况报告如下： 一、独立董事的基本情况 王秀华，女，1964 年 2 月出生，1983 年 6 月毕业于华东纺织工学院（现东华大 学）化学纤维专业，学士学位，教授级高级工程师。1983 年 7 月-2007 年 9 月在浙 江涤纶厂（后改名浙江化纤联合集团有限公司）历任车间副主任、分厂厂长、副总 经理，2007 年 10 月至今在浙江理工大学任教，现为浙江理工大学材料科学与工程学 院教师，博士生导师，兼任"纺织纤维材料与加工技术国家地方联合工程实验室" 常务副主任（2025 年 2 月退休），桐昆集 ...

二、独立董事 2024 年度履职概况 （一）出席会议情况和投票情况 1、出席会议情况 桐昆集团股份有限公司独立董事 2024 年度述职报告 桐昆集团股份有限公司独立董事 2024 年度述职报告 作为桐昆集团股份有限公司（以下简称"公司"）的独立董事，2024年度本人 严格按照《公司法》《上市公司治理准则》《上市公司独立董事管理办法》以及《公 司章程》等相关法律法规和规章制度的规定和要求，在2024年的工作中，谨慎、勤 勉、忠实履行职务，积极出席相关会议，认真审议董事会各项议案，对公司相关事 项发表独立意见，切实发挥独立董事的作用，维护了公司和股东尤其是社会公众股 股东的权益。现将本人2024年度履职情况报告如下： 一、独立董事的基本情况 潘煜双，女，1964年10月出生，中国国籍，无境外永久居留权，会计学教授（二 级），博士。国家一流专业（会计学）建设点负责人、浙江省"万人计划"教学名 师、浙江省高校中青年学科带头人、浙江省教学团队带头人、嘉兴大学MPACC教育中 心主任。兼任中国会计学会理事、中国会计学会会计教育专业委员会委员、浙江省 工商管理教学指导委员会委员、浙江省会计学会常务理事、浙江省审计学会理事、 ...

桐昆集团股份有限公司 远期外汇交易业务管理制度 桐昆集团股份有限公司 远期外汇交易业务管理制度 第一章 总则 第一条 为规范桐昆集团股份有限公司(以下简称"公司")远期外汇交易业务 及相关信息披露工作，有效防范和降低汇率波动给公司经营造成的风险，健全和完 善远期外汇交易业务，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上海证券交易所股票上市规则》等相关法律法规及《公司章程》等有关规定，结 合公司具体实际情况，特制定本制度。 第二条 本制度适用于公司及子公司。控股子公司进行远期外汇交易业务视 同上市公司远期外汇交易业务，适用本制度。 第三条 本制度所称远期外汇交易业务是指为满足正常生产经营需要，在银行 办理的规避和防范汇率风险的远期外汇交易业务，包括远期结售汇业务、人民币外 汇掉期业务等。 远期结售汇业务是指与银行等金融机构签订远期结售汇合同，约定将来办理 结汇或售汇的外汇币种、金额、汇率和期限，到期再按照该远期结售汇合同约定 的币种、金额、汇率办理结汇或售汇的业务。 人民币外汇掉期业务是指在委托日同时与银行等金融机构约定两笔金额一 致、买卖方向相反、交割日期不同的人民币对同一外币的买卖交易，并在两 ...

桐昆集团股份有限公司 外部信息使用人管理制度 第五条 公司的董事、监事和高级管理人员及其他相关涉密人员在定期报告 编制、公司重大事项筹划期间，负有保密义务。 定期报告、临时报告公布前，不得以任何形式、任何途径向外界或特定人员 泄漏定期报告、临时报告的内容，包括但不限于业绩座谈会、分析师会议、接受 投资者调研座谈等方式。 第六条 公司依据法律法规的要求应当报送公司信息的，公司各部门、分公 司、子公司需根据公司《内幕信息知情人登记管理制度》的要求，将报送的外部 单位相关人员作为内幕知情人登记在案备查，并书面提醒报送的外部单位相关人 员认真履行保密义务和禁止内幕交易义务。 第一条 为进一步规范桐昆集团股份有限公司（以下简称"公司"）的信息披 露管理工作，加强外部信息的报送和使用管理，维护信息披露的公平原则，保护 投资者的合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司信息披露管理办法》《上市公司监管指引第5号——上市公司内幕信 息知情人登记管理制度》《上海证券交易所股票上市规则》等有关法律、行政法 规、部门规章、规范性文件，结合《桐昆集团股份有限公司章程》等公司制度， 制定本制度。 第二条 ...

Mergers and Acquisitions - Shanghai Yashi plans to acquire 30% equity in Euro-Asia Company, which would result in holding 100% equity if successful [1] - Jizhong Energy intends to acquire 20.02% equity in Duanwang Coal Industry from Jianxin Investment for 898 million yuan, increasing its stake to 83.21% post-transaction [1] Share Buybacks and Increases - Jerry Holdings plans to repurchase shares worth 150 million to 250 million yuan, with a maximum price of 49 yuan per share [2] - Tongkun Holdings' shareholder, Leixin Industrial, intends to increase holdings by 250 million to 500 million yuan [2] External Investments and Daily Operations - Visionox plans to invest 5 billion yuan to establish a global new display industry innovation center project in Kunshan [3] - Siwei Map Technology has signed a strategic cooperation framework agreement with Volcano Engine [4] - Nandu Power plans to list on the Hong Kong Stock Exchange [5] Performance Changes - Tianfu Communication reported a net profit of 338 million yuan in Q1 2025, a year-on-year increase of 21.07% [6] - Yara International reported a net profit of 384 million yuan in Q1, a significant year-on-year increase of 374%, driven by increased sales and prices of potash [7] - Tianqi Lithium expects a net profit of 82 million to 123 million yuan in Q1, marking a turnaround from losses, with increased production and sales of lithium compounds and derivatives [7] - Haitai Technology reported a net profit of 13.92 million yuan in Q1, a year-on-year increase of 5739%, attributed to revenue recognition from molds reaching acceptance status [7] - Lanke Technology's net profit for Q1 2025 was 525 million yuan, up 135.14% year-on-year, benefiting from AI industry trends driving demand for DDR5 memory interface chips and high-performance computing chips [7] - Shanghai Yashi reported a net profit of 9.75 million yuan in Q1 2025, a year-on-year increase of 129.78% [7] - Beiyuan Group's net profit for Q1 was 50 million yuan, a year-on-year increase of 442%, due to rising prices of caustic soda and declining procurement prices of key raw materials [7] - Desay SV reported a net profit of 582 million yuan in Q1, a year-on-year increase of 51.32% [8] - Quectel Wireless Solutions reported a net profit of 588 million yuan in 2024, a year-on-year increase of 548.49% [8] - Aucma corrected its annual performance forecast for 2024, expecting a net loss of 45 million to 50 million yuan [9]