证券代码：601339 证券简称：百隆东方 公告编号：2025-018 2025 年 2 月 26 日，公司披露了《关于部分董监高集中竞价减持股份计划公 告》（公告编号：2025-002）。张奎计划于 2025 年 3 月 20 日至 2025 年 6 月 19 日期间，通过集中竞价方式减持所持有的公司股份不超过 462,500 股，减持比例 不超过公司总股本的 0.03%。董奇涵计划于 2025 年 3 月 20 日至 2025 年 6 月 19 日期间，通过集中竞价方式减持所持有的公司股份不超过 75,000 股，减持比例 不超过公司总股本的 0.005%。 在本次减持计划期间内，张奎、董奇涵均未减持本公司股份。截至本公告披 露之日，本次减持计划时间届满。 | 股东名称 | 张奎 | | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 □是 □否 | 一、减持主体减持前基本情况 百隆东方股份有限公司董事、高级管理人员减持股份 计划时间届满暨未减持股份结果的公告 本公司董事会、全体董事及相关股东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 ...

Core Viewpoint - The reduction plans of the company's director Zhang Kui and financial director Dong Qihan have expired without any shares being sold [1] Summary by Relevant Sections - **Shareholding Information** - Zhang Kui holds 1.85 million shares, accounting for 0.12% of the total share capital of the company [1] - Dong Qihan holds 300,000 shares, accounting for 0.02% of the total share capital of the company [1] - **Reduction Plans** - Zhang Kui had planned to reduce his holdings by up to 462,500 shares [1] - Dong Qihan had planned to reduce his holdings by up to 75,000 shares [1]

Core Viewpoint - The company has experienced significant growth since its IPO in 2012, but recent years have shown notable fluctuations in performance [1][3]. Group 1: Company Overview - The company, Baolong Oriental, was listed on June 12, 2012, with an initial closing price of 12.33 yuan and a market capitalization of 9.247 billion yuan. Currently, its market capitalization stands at 7.243 billion yuan [1]. - The main business of Baolong Oriental includes the research, production, and sales of colored spun yarn, with colored spun yarn accounting for 51.07% of its revenue structure [3]. Group 2: Financial Performance - From 2012 to 2024, the company achieved a cumulative net profit growth of 63.22%, increasing from 251 million yuan to 410 million yuan [3]. - Over the past five years, the company's net profit has shown volatility, with a total increase of 12.02% from 366 million yuan in 2020 to 410 million yuan in 2024 [3]. - Revenue increased from 6.135 billion yuan in 2020 to 7.941 billion yuan in 2024, reflecting an overall growth of 29.43% during this period [3]. Group 3: Market Capitalization Trends - The peak market capitalization of Baolong Oriental reached 22.162 billion yuan on June 18, 2015, with a stock price of 29.55 yuan. As of June 11, the stock price is 4.83 yuan, resulting in a market capitalization of 7.243 billion yuan, indicating a decrease of 14.92 billion yuan and a 67.32% drop from its peak [5].

Core Viewpoint - The low-altitude economy in China is rapidly developing, with an annual growth rate exceeding 30%, creating a trillion-yuan market in the airspace below 1,000 meters. The insurance industry is evolving from a passive risk bearer to an active architect of the industry ecosystem, focusing on comprehensive risk management for the low-altitude economy [1]. Group 1: Industry Development - The low-altitude economy has established a complete industrial chain structure, including upstream research and manufacturing, midstream operation services, and downstream application scenarios. Any risk in these segments could lead to systemic impacts [2]. - The demand for low-altitude detection services has surged, with business volume in Chongqing increasing nearly twofold since 2025. However, equipment damage incidents remain a significant challenge [2]. - The introduction of the first "low-altitude aircraft onboard detection equipment loss compensation insurance" serves as a critical breakthrough in establishing a safety net for low-altitude equipment monitoring [2]. Group 2: Insurance Product Innovation - The "new comprehensive low-altitude economy insurance service system" has been developed, expanding coverage to include cargo transport, loss during downtime, and extended warranty responsibilities, thus creating a multi-scenario, full lifecycle risk protection system around eVTOL [3]. - The new insurance products aim to enhance the lifecycle and value retention of eVTOLs, providing significant support for the stability of low-altitude economy enterprises [3]. Group 3: Collaborative Ecosystem - The sustainable development of low-altitude economy insurance relies on deep collaboration in technology empowerment, data sharing, and institutional innovation. Recent developments indicate a shift from "single-point innovation" to "ecological co-construction" [4]. - The establishment of the "Bay Area Low Altitude Economy Research Institute" aims to create a unified low-altitude flight data platform and develop risk assessment models suitable for various scenarios [5]. - The collaboration between Zhongcai Property Insurance and Ping An Property Insurance to form a "New Emerging Risk Research Institute" will integrate resources to create innovative insurance products and service models for the low-altitude economy [5]. Group 4: Market Trends and Challenges - The current trends in low-altitude economy insurance include extending coverage upstream to encompass research, detection, and manufacturing, accelerating technology empowerment through big data and AI, and deepening ecological collaboration [7]. - National policies have been introduced to support the development of the low-altitude economy, with projections indicating that the market size could reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [8]. - Challenges such as slow infrastructure development, weak core technologies, and an underdeveloped market system need to be addressed to enhance the insurance coverage and commercial applicability of low-altitude economy products [9][10].

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 ...

Group 1: Cost Structure Analysis - In the textile industry, direct material costs constitute the primary component of production costs, accounting for approximately 70%-85% of total costs, which significantly impacts pricing and profitability [1][4] - Fluctuations in raw material prices have a notable effect on cost control and profitability, leading companies to adopt strategies such as centralized purchasing, hedging, and advance stocking to mitigate risks [1] Group 2: Price Transmission Mechanism - The textile industry operates through a supply, manufacturing, and sales chain, where costs from the supply side, including raw materials and labor, are transmitted to the manufacturing side as production costs, which then influence consumer pricing through demand elasticity [4] Group 3: Value Distribution in the Textile Industry - Sales represent the most critical segment of the textile value chain, with downstream apparel and home textile brands holding significant bargaining power, while upstream suppliers have limited negotiation capabilities, resulting in intense price competition and low profitability for textile manufacturers [6] Group 4: Industry Operating Efficiency - From 2015 to 2023, the total profit of China's textile industry has shown a downward trend, indicating weakened profitability; however, in 2024, the total profit for textile enterprises (excluding apparel and chemical fiber) is projected to reach 86.87 billion yuan, reflecting a year-on-year increase of 3.5% after two consecutive years of decline [10] Group 5: Profitability of Textile Enterprises - The gross profit margin in the textile industry exhibits significant quarterly cyclicality, typically fluctuating between 10% and 12%, with November generally showing higher margins above 11%, while May and August tend to have lower margins due to seasonal production and sales factors [11]

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 ...