Core Points - The company announced a cash dividend of 0.26 CNY per share for the fiscal year 2024, totaling approximately 389.89 million CNY to be distributed to shareholders [1][2] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 9, 2025 [1] - The record date for the dividend is set for May 29, 2025, with the last trading day and ex-dividend date on May 30, 2025 [2] Dividend Distribution Details - The total number of shares for the dividend calculation is 1,499,569,000 [2] - The cash dividend will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch to shareholders registered by the end of the trading day on the record date [2] - Shareholders who have not completed designated trading will have their dividends held by the clearing company until the trading is completed [2] Taxation Information - For individual shareholders and securities investment funds, the company will not withhold personal income tax at the time of dividend distribution, with the actual cash dividend being 0.26 CNY per share [3] - The tax burden for individual shareholders varies based on the holding period, with a maximum tax rate of 20% for holdings of one month or less, and a reduced rate of 10% for holdings between one month and one year [3] - For Qualified Foreign Institutional Investors (QFII), a 10% corporate income tax will be withheld, resulting in a net dividend of 0.234 CNY per share [4][5]

证券代码：601339 证券简称：百隆东方 公告编号：2025-017 百隆东方股份有限公司2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.26元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/5/29 | － | 2025/5/30 | 2025/5/30 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 9 日的2024年年度股东会审议通过。 二、 分配方案 本次利润分配以方案实施前的公司总股本1,499,569,000股为基数，每股派发 现金红利0.26元（含税），共计派发现金红利389,887,940.00元。 1 三、 相关日期 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限 ...

Core Viewpoint - The legal opinion letter confirms that the procedures for convening and holding the 2024 annual general meeting of Baolong Oriental Co., Ltd. comply with relevant laws and regulations, ensuring the legitimacy and effectiveness of the meeting and its resolutions [1][7]. Group 1: Meeting Procedures - The board of directors published a notice regarding the 2024 annual general meeting on April 16, 2025, detailing the meeting's time, location, and voting methods [3][4]. - The meeting was held on May 9, 2025, at 14:00, presided over by the chairman, Yang Weixin [4]. - The voting process included both on-site and online voting, with specific timeframes and procedures outlined in the meeting notice [4][5]. Group 2: Attendance and Qualifications - Eligible attendees included all shareholders registered with the China Securities Depository and Clearing Corporation as of May 6, 2025, along with the company's directors, supervisors, senior management, and appointed lawyers [5]. - A total of 309 attendees participated, representing 1,164,753,499 shares, which accounted for 77.6725% of the total shares with voting rights [5]. Group 3: Voting Procedures and Results - The meeting utilized a combination of on-site and online voting for the proposed resolutions, with results being counted and announced immediately after voting concluded [6]. - All proposed resolutions were approved, and the voting results were consistent with the stipulations of the company's articles of association [7]. - The legal opinion confirms that the voting procedures and results adhered to the relevant legal and regulatory requirements [7].

国浩律师（杭州）事务所 百隆东方 2024 年年度股东大会法律意见书 国浩律师（杭州）事务所 关 于 百隆东方股份有限公司 2024 年年度股东大会 法律意见书 致：百隆东方股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受百隆东方股份有限公司 （以下简称"公司"）委托，指派律师出席公司 2024 年年度股东大会（以下简称 "本次股东大会"），并依据《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》"）、中国证券监督管理委员会 （以下简称"中国证监会"）发布的《上市公司股东会规则》（以下简称"《股东 会规则》"）、《上市公司治理准则》（以下简称"《治理准则》"）等法律、行政法规、 规范性文件及现行有效的《百隆东方股份有限公司章程》（以下简称"《公司章 程》"）、《百隆东方股份有限公司股东大会议事规则》（以下简称"《股东大会议事 规则》"）的规定，就本次股东大会的召集、召开程序、出席会议人员资格、召集 人资格、会议的表决程序、表决结果等事宜出具法律意见书。 为出具本法律意见书，本所律师出席了公司本次股东大会，审查了公司提供 的本次股东大会的有关文件的原 ...

证券代码：601339 证券简称：百隆东方 公告编号：2025-016 百隆东方股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 9 日 (二)股东大会召开的地点：宁波市鄞州区甬江大道 188 号宁波财富中心 4 单元 8 楼百隆东方股份有限公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 309 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,164,753,499 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 77.6725 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事长杨卫新先生主持。本次股东大会采用现场投票与网络 投票相结合的方式召开。本次股 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company's Q1 performance exceeded market expectations, with revenue, net profit attributable to shareholders, and operating cash flow showing significant changes. Revenue was 1.731 billion, a year-on-year decrease of 5.63%, while net profit attributable to shareholders increased by 115.95% to 173 million [2] - The improvement in profitability is attributed to the sustained growth in Vietnam's profitability, the domestic turnaround due to the disposal of loss-making factories, and an increase in fair value changes from financial assets and liabilities [2] - The company is expected to benefit from a potential increase in order share if lower tariffs are agreed upon between Vietnam and the US, alongside a gradual end to inventory reduction impacts from previous years [5] Financial Summary - For Q1 2025, the gross margin was 14.86%, up 8.97 percentage points year-on-year, while the net margin was 10.0%, an increase of 5.6 percentage points [3] - The company forecasts revenue for 2025-2027 to be 8.144 billion, 8.648 billion, and 9.158 billion respectively, with net profit predictions of 595 million, 698 million, and 824 million [7][10] - The earnings per share (EPS) for 2025-2027 are projected to be 0.40, 0.47, and 0.55 respectively, with corresponding price-to-earnings (PE) ratios of 12, 10, and 9 [5][10] Inventory and Receivables - As of Q1 2025, inventory increased to 4.764 billion, a year-on-year growth of 2.8%, with inventory turnover days rising to 75 days, an increase of 31 days [4] - Accounts receivable stood at 668 million, with turnover days increasing by 4 days to 35 days [4]

证券代码：601339 证券简称：百隆东方 公告编号：2025-015 百隆东方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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 12 日 （星期一） 至 05 月 16 日 （星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 broseastern@bros.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 百隆东方股份有限公司（以下简称"公司"）已于 2025 年 4 月 16 日发布公 司 2024 年度报告；公司 2025 年第一季度报告于 2025 年 4 月 30 日披露，为便于 广大投资者更全面深入地了解公司 2024 年度及 2025 年第一季度经营成果、财务 状况，公司计划于 2025 年 05 月 19 日 （星期一） 16 ...

百隆东方股份有限公司 2024 年年度股东大会会议资料 百隆东方股份有限公司 二〇二四年年度股东大会 会议资料 二〇二五年五月 百隆东方股份有限公司 2024 年年度股东大会会议资料 2024 年年度股东大会会议须知 为了维护全体股东的合法权益，确保百隆东方股份有限公司（以下简称"公 司"）2024 年年度 股东大会的正常秩序和议事效率，保证本次会议的顺利进行，根 据中国证监会发布的《上市公司股东大会规则》，《公司章程》和公司《股东大会 议事规则》的规定，特制定本须知。 一、出席本次会议的股东或股东代表应准时到场签到并参加会议，应以维护全 体股东的合法权益和议事效率为原则，认真履行法定职责，自觉遵守大会纪律，不 得侵犯其他股东权益，以确保会议的正常秩序。 二、股东大会召开期间，只接受股东或股东代表发言或提问。股东或股东代表 要求在股东大会上发言的，应当在办理会议登记时向公司证券部登记，明确发言的 主题，并填写后附的《股东发言申请表》。 三、未在规定时间内完成登记的在册股东或股东代表，可列席会议，但不享有 本次会议的发言权和表决权。 四、本次股东大会安排股东或股东代表发言时间不超过半小时。股东或股东代 表临时要 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,730,917,567.25, a decrease of 5.63% compared to ¥1,834,155,668.58 in the same period last year[5] - Net profit attributable to shareholders increased by 115.95% to ¥173,468,411.67 from ¥80,326,874.88 year-on-year[5] - Basic earnings per share rose by 140.00% to ¥0.12 from ¥0.05 in the previous year[6] - The weighted average return on equity increased by 0.98 percentage points to 1.80% compared to the previous year[6] - The company reported a significant increase in main business profits, which contributed to the rise in net profit attributable to shareholders[8] - Net profit for Q1 2025 reached ¥173,468,411.67, representing a significant increase of 115.32% from ¥80,326,874.88 in Q1 2024[20] - Earnings per share for Q1 2025 was ¥0.12, compared to ¥0.05 in Q1 2024, indicating a 140% increase[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,838,167,234.58, reflecting a 3.11% increase from ¥14,390,143,929.11 at the end of the previous year[6] - Current assets totaled RMB 7,766,663,423.06 as of March 31, 2025, compared to RMB 7,216,558,189.10 at the end of 2024, indicating an increase of about 7.6%[14] - Inventory increased to RMB 4,764,265,512.99 from RMB 4,242,680,691.67, representing a rise of approximately 12.3%[14] - The company's cash and cash equivalents stood at RMB 1,986,734,301.27, up from RMB 1,929,174,691.94, marking an increase of around 3.0%[14] - Total liabilities as of the latest reporting period amounted to ¥5,130,353,680.55, an increase of 7.10% from ¥4,790,578,649.28[16] - Total current liabilities decreased to RMB 3,222,434,211.05 from RMB 3,530,433,294.99, a reduction of about 8.7%[15] - Long-term borrowings increased significantly to RMB 1,743,231,253.63 from RMB 1,093,839,213.62, reflecting a growth of approximately 59.5%[15] Cash Flow - The net cash flow from operating activities was negative at -¥355,551,139.18, a decline of 225.52% compared to ¥283,252,627.84 in the same period last year[5] - Cash received from sales of goods and services in Q1 2025 was ¥1,836,066,508.58, a decrease of 3.00% from ¥1,893,887,607.87 in Q1 2024[24] - The cash inflow from operating activities totaled 1,859,611,091.77, slightly down from 1,922,403,157.39[25] - The total cash outflow from operating activities was 2,215,162,230.95, compared to 1,639,150,529.55 previously[25] - The company reported a decrease in cash flow due to foreign exchange fluctuations amounting to -18,561,615.84[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,525, with the largest shareholder holding 29.73% of the shares[10] - The company's total equity position remains strong, supported by significant ownership concentration among major shareholders, with the top three shareholders holding 74.42% of the equity[12] - Total equity attributable to shareholders reached ¥9,707,813,554.03, up from ¥9,599,565,279.83, reflecting a growth of 1.13%[16] Research and Development - Research and development expenses for Q1 2025 were ¥21,251,984.22, up from ¥19,856,987.49 in Q1 2024, indicating an increase of 7.01%[20] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[1] - The company is actively exploring new market expansion strategies and product development initiatives to enhance future growth prospects[12] - Non-recurring gains and losses totaled ¥26,207,182.64, with significant contributions from government subsidies and asset disposals[7]

Group 1 - The core point of the article is that Bailong Oriental (601339) reported a revenue of 1.731 billion yuan in the first quarter of 2025, which represents a year-on-year decrease of 5.63% [1] - The net profit for the same period was 173 million yuan, showing a significant year-on-year increase of 115.95% [1]