江苏通用科技股份有限公司 2024 年年度股东大会 会议资料 （股票代码：601500） 江苏通用科技股份有限公司 2024 年年度股东大会会议须知 为维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会顺利进行，根据中国证监会《上市公司股东大会规则》及《公司章程》等 文件的有关要求，特制订本须知。 一、本次会议设立秘书处，负责会议的组织和相关会务工作； 二、本次会议期间，全体出席人员应以维护股东的合法权益、确保大会的 正常秩序和议事效率为原则，自觉履行法定义务； 三、出席本次会议的股东或其代理人依法享有发言权、质询权、表决权等 权利； 四、股东或其代理人请准时到达会场签到并参加会议，对干扰会议正常秩 序、寻衅滋事和侵犯公司其他股东合法权益的行为，工作人员有权予以制止， 并及时报告有关部门查处。 二〇二五年五月 | 一、2024 年年度股东大会会议须知 3 | | --- | | 二、2024 年年度股东大会议程 4 | | 三、2024 年年度股东大会议案 | | 1、2024 年度董事会工作报告 6 | | 2、2024 年度监事会工作报告 15 | | 3、2024 年度财务决算报告 1 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Insights - The company reported a revenue of 6.96 billion yuan for 2024, representing a year-on-year increase of 37.4%, with a net profit attributable to shareholders of 370 million yuan, up 72.8% year-on-year [2][6] - In Q1 2025, the company achieved a revenue of 2.12 billion yuan, a year-on-year increase of 47.0%, but the net profit attributable to shareholders decreased by 32.8% to 100 million yuan [2][6] - The company has expanded from a focus on bias tires to a full range of tire products, supported by strong R&D capabilities and overseas production bases in Thailand and Cambodia [2][6] Summary by Sections Financial Performance - For 2024, the company’s tire production and sales volumes were 20.89 million and 18.94 million units, respectively, with year-on-year increases of 74.5% and 59.7% [11] - The overall gross margin for 2024 was 16.4%, an increase of 0.6 percentage points year-on-year, although Q4 gross margin was 15.6%, down 4.9 percentage points year-on-year [11] - The company faced rising raw material costs, with natural rubber prices up 27.8% and synthetic rubber prices up 22.0% year-on-year [11] Market Dynamics - The overseas tire market remains robust, with Chinese brands gaining market share due to their cost-effectiveness, despite ongoing inflationary pressures in Europe and the US [11] - The company’s production bases in Thailand and Cambodia are performing well, with full order books and expected contributions from the second phase of the Thailand facility in the second half of 2025 [11] Strategic Developments - In April 2025, the company underwent a change in controlling shareholder, with Suhao Holdings acquiring a 24.5% stake from Hongdou Group for 2.12 billion yuan, which is expected to enhance the company's global expansion capabilities [11] - The partnership with a state-owned enterprise is anticipated to provide new growth momentum and facilitate adaptation to international market changes [11] Future Projections - The company forecasts net profits of 470 million yuan, 680 million yuan, and 840 million yuan for 2025, 2026, and 2027, respectively [11]

Investment Rating - The report does not explicitly state an investment rating for the chemical industry Core Insights - In April 2025, the basic chemical index decreased by 3.61%, ranking 20th among primary industries, with 12 sub-industries showing growth and 20 experiencing declines [11][16][20] - The apparent consumption of methanol in China has surpassed 100 million tons for the first time [1] Market Overview - Major indices in April 2025 showed the following changes: Shanghai Composite Index -1.70%, Shenzhen Component Index -5.75%, ChiNext Index -7.40%, and North Securities 50 Index +4.72% [11] - The basic chemical sector's performance was mixed, with significant declines in rubber and related products, while daily chemical products and inorganic salts showed positive growth [16][20] Product Price Movements - The top ten products with price increases in April 2025 included Trichloroethylene (+16.28%), Ammonium Sulfate (+12.20%), and H Acid (+10.96%) [24][25] - Trichloroethylene prices rose significantly due to reduced production and strong demand in the refrigerant market [25][26] Sub-Industry Performance - Among the basic chemical sub-industries, the top five performers were daily chemicals (+8.56%), inorganic salts (+4.37%), and fluorochemicals (+3.46%), while polyurethane and tires saw the largest declines of -17.59% and -14.68%, respectively [16][19] - In April 2025, 221 companies in the basic chemical sector reported positive returns, while 319 reported negative returns [20] Company Performance - The top ten companies by monthly growth included United Chemical (+159.09%), Hongbaoli (+104.27%), and Zhongxin Fluorine Materials (+65.92%) [21][22] - Conversely, the bottom ten companies included Hunan YN (-22.18%), Dingjide (-22.54%), and Hengxing New Materials (-23.21%) [23][24] Industry News - In the first quarter of 2025, the chemical raw materials and products manufacturing industry achieved a total profit of 78.76 billion yuan, a slight decrease of 0.4% year-on-year [32] - Shandong province continues to enhance its chemical industry advantages, with 3,682 large-scale chemical enterprises and a revenue of 2.86 trillion yuan by the end of 2024 [32]

Investment Rating - The report maintains a "Positive" outlook on the chemical industry, highlighting the recovery at the bottom of the cycle and the focus on undervalued high-growth stocks [1]. Core Insights - The macroeconomic assessment of the chemical industry indicates a stabilization in oil prices due to geopolitical factors and OPEC+ production increases, while coal prices are expected to decline in the medium to long term. Natural gas prices are fluctuating at the bottom [3][4]. - The report forecasts a gradual recovery in profitability for the chemical sector in Q1 2025, driven by terminal inventory replenishment and improved demand, despite ongoing construction projects peaking and declining [3]. - The overall revenue for the chemical sector in 2024 is projected to reach 2.0601 trillion yuan, a 3% year-on-year increase, while net profit is expected to decline by 3% to 109.8 billion yuan, aligning with market expectations [3]. Summary by Sections Industry Dynamics - Current oil prices are influenced by the easing of the Russia-Ukraine conflict and U.S. tariff policies, with Brent crude averaging $80.93 per barrel in 2024, down 2% year-on-year. NYMEX natural gas futures are expected to average $2.41 per million British thermal units, down 10% year-on-year [3][4]. - The chemical industry is experiencing a "V"-shaped recovery in market conditions, with Q1 2025 revenue reaching 496.9 billion yuan, a 6% increase year-on-year, and net profit rising by 9% year-on-year to 32.8 billion yuan [3]. Investment Analysis - The report suggests focusing on traditional cyclical stocks with strong fundamentals, such as Wanhua Chemical and Hualu Chemical, as well as growth stocks in semiconductor materials and OLED technologies [3]. - The tire industry is expected to benefit from domestic demand recovery and cost reductions, with companies like Sailun Tire and Linglong Tire highlighted for potential investment [3]. - The report emphasizes the importance of identifying undervalued stocks with growth potential in the chemical sector, particularly in segments like agricultural chemicals and specialty chemicals [3]. Price and Inventory Changes - The report notes that the chemical industry is experiencing a gradual recovery in price differentials, with PPI data showing a slow recovery from negative values towards zero [3][4]. - The report highlights the importance of monitoring inventory levels and price movements in key chemical products, as these factors will influence future profitability and investment opportunities [3][4].

Core Viewpoint - The company, Jiangsu General Technology Co., Ltd., reported a negative retained earnings of approximately 520.63 million yuan as of the end of 2024, leading to no profit distribution for the year due to regulatory compliance [1] Group 1: Company Overview - Jiangsu General Technology Co., Ltd. is primarily engaged in the research, production, and sales of tire products, with modern production bases in China, Thailand, and Cambodia [12] - The company focuses on high-performance, cost-effective tire products and has developed green tires for the new energy vehicle sector [12][17] Group 2: Industry Situation - The global economic downturn and geopolitical conflicts have created a complex external environment for the tire industry, with challenges such as rising raw material prices and intense market competition [2] - In 2024, China's rubber tire production reached 1.187 billion units, a year-on-year increase of 9.2%, with significant growth in passenger and light truck tires [3] - The commercial vehicle market in China showed weakness, with a decline in production and sales of steel tires, leading to a 5% decrease in sales revenue for the steel tire market [3] Group 3: Raw Material Market - The prices of tire raw materials, including natural rubber and synthetic rubber, have shown significant volatility, with natural rubber prices reaching a seven-year high at the beginning of the year [4] - The increase in raw material costs has pressured the profit margins of tire manufacturers, with industry profits dropping below 20% in the latter part of the year [4] Group 4: Logistics and Transportation - In the first half of 2024, geopolitical tensions led to increased shipping costs, with the Shanghai export container freight index rising by 95.84% compared to the beginning of the year [5] - Shipping costs began to decline in the second half of the year as market conditions improved [5] Group 5: Automotive Market - The automotive market in China showed signs of stabilization and structural optimization, with total vehicle production and sales reaching 31.28 million and 31.44 million units, respectively, in 2024 [6] - New energy vehicles (NEVs) continued to grow rapidly, with production and sales increasing by 34.4% and 35.5%, respectively, making up 40.9% of total new vehicle sales [6][7] Group 6: Industry Policies - The new "2024 Industrial Structure Adjustment Guidance Catalog" encourages the development of high-performance tires and the recycling of waste tires, while restricting certain rubber and tire production [9] - The new national standard for tire and carbon black energy consumption limits was released, aiming to promote green and high-quality development in the tire industry [10] Group 7: Company Financial Performance - As of December 31, 2024, the company reported total assets of 15.379 billion yuan, a 36.31% increase year-on-year, and a net profit of 374 million yuan, reflecting a 72.81% increase from the previous year [18]

证券代码：601500 证券简称：通用股份 公告编号：2025-040 江苏通用科技股份有限公司 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 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 5 月 20 日 2024年年度股东大会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 20 日 9 点 30 分 召开地点：江苏省无锡市锡山区东港镇港下公司一楼会议室 至2025 年 5 月 20 日 股东大会召开日期：2025年5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 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 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 ...

证券代码：601500 证券简称：通用股份 公告编号：2025-039 江苏通用科技股份有限公司 第六届监事会第二十四次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 江苏通用科技股份有限公司（以下简称"公司"）第六届监事会第二十四次会 议（以下简称"本次会议"）于 2025 年 4 月 28 日在公司会议室召开。本次会议的 通知已提前通过电子邮件方式送达全体监事。本次会议应参加监事 3 名，实际参 加监事 3 名，本次会议的召集、召开方式符合《中华人民共和国公司法》及《江 苏通用科技股份有限公司章程》的规定。 二、监事会会议审议情况 本次会议由监事会主席王晓军先生主持，以记名投票方式审议通过了以下 议案： 1、审议通过《2024 年度监事会工作报告》 表决结果：3 票同意，0 票反对，0 票弃权。 该议案尚需提交公司股东大会审议。 2、审议通过《2024 年度财务决算报告》 表决结果：3 票同意，0 票反对，0 票弃权。 该议案尚需提交公司股东大会审议。 3、审议并通过了《关于 2 ...

股票代码：601500 股票简称：通用股份 公告编号：2025-038 第六届董事会第二十九次会议决议公告 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个别及连带责任。 江苏通用科技股份有限公司 一、董事会会议召开情况 江苏通用科技股份有限公司（以下简称"公司"）第六届董事会第二十九次会 议于 2025 年 4 月 28 日在公司会议室召开。本次会议的通知已提前通过电子邮件 方式送达全体董事。本次会议采取现场结合通讯表决方式，会议应到董事 7 人， 实到董事 7 人。会议由董事长顾萃先生主持，公司监事及其他高级管理人员列席 会议。会议的召开符合《公司法》和《江苏通用科技股份有限公司章程》的规定。 经与会董事认真审议，以一致同意通过了如下议案： 二、董事会会议审议情况 1、审议通过《2024 年度总经理工作报告》 表决结果：同意 7 票，反对 0 票，弃权 0 票。 2、审议通过《2024 年度董事会工作报告》 表决结果：同意 7 票，反对 0 票，弃权 0 票。 该议案需提交股东大会审议。 3、审议通过《2024 年度财务决算报告》 ...

重要内容提示： 一、利润分配方案内容 证券代码：601500 证券简称：通用股份 公告编号：2025-025 江苏通用科技股份有限公司 关于 2024 年度利润分配预案的公告 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个别及连带责任。 （一）利润分配方案的具体内容 二、公司母公司报表未分配利润为负但合并报表未分配利润为正的情况说 明 鉴于公司 2024 年度母公司未分配利润为负，2024 年度公司拟不进行利 润分配，也不进行资本公积金转增股本或其他形式的分配。 本次利润分配预案尚需提交公司 2024 年年度股东大会审议。 公司不触及《上海证券交易所股票上市规则》第 9.8.1 条第一款第（八） 项规定的可能被实施其他风险警示的情形。 截至2024年12月31日,公司母公司报表中期末未分配利润为-520,630,880.72 元，合并报表中期末未分配利润为 1,383,473,716.31 元，报告期内，公司海外控 股子公司正处于重大项目投入期，未向母公司实施现金分红。 母公司未分配利润为负但合并报表未分配利润为正的原因主要为：近年来 ...

股票代码：601500 股票简称：通用股份 公告编号：2025-035 江苏通用科技股份有限公司 关于回购注销 2023 年部分限制性股票通知债权人的公告 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个别及连带责任。 一、通知债权人的原由 江苏通用科技股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第 六届董事会第二十九次会议和第六届监事会第二十四次会议审议通过了《关于回 购注销 2023 年部分限制性股票的议案》，具体内容详见公司在上海证券交易所网 站(www.sse.com.cn)同日披露的《关于回购注销 2023 年部分限制性股票的公告》 （公告编号：2025-033）。 根据回购议案，公司将以 2.025 元/股的回购价格回购注销部分已获授但尚未 解除限售的限制性股票共计 17.5 万股。回购完毕后，公司将向中登公司申请办 理该部分股票的注销工作。本次限制性股票回购注销完成后，预计公司股份总数 将由 1,589,490,735 股变更为 1,589,315,735 股，注册资本将由人民币 1,589,49 ...