本报告依据中国资产评估准则编制 康达新材料(集团)股份有限公司 拟转让股权所涉及成都康达锦瑞 科技有限公司股东全部权益 资产评估报告 晟明评报字〔2025〕193号 (共]册,第1册) 北京晟明资产评估有限公司 Beijing Shengming Assets Appraisal Co., Ltd. 二(二五年六月十日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 1111090005202500335 | | --- | --- | | 合同编号: | 2025VA108 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 居明评报字(2025) 193号 | | 报告名称: | 康达新材料(集团)股份有限公司拟转让股权所涉及成都康达锦瑞 科技有限公司股东全部权益资产评估报告 | | 评估结论: | 37.584.800.00元 | | 评估报告日: | 2025年06月10日 | | 评估机构名称: | 北京晟明资产评估有限公司 | | | 王兴琴 (资产评估师) 正式会员 编号:11080014 | | 签名人员: | 刘鑫婷 (资产评估师) 正式会员 编号: 1 ...

证券代码：601700 证券简称：风范股份 公告编号：2025-043 常熟风范电力设备股份有限公司 关于南方电网项目中标的公告 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。 2025 年 7 月 8 日，中国南方电网有限责任公司在其供应链统一服务平台 （https://www.bidding.csg.cn/）公布了《南方电网公司 2025 年主网线路材料第 一批框架招标项目中标结果公告》。 在南方电网公司 2025 年主网线路材料第一批框架招标项目活动中，常熟风 范电力设备股份有限公司（以下简称"公司"）中标产品为 500kV 变电站钢结构广 东标包 2；500kV 交流角钢塔广西标包 2；35kV-220kV 交流角钢塔广东标包 5； 500kV 交流钢管塔广东标包 2；500kV 钢管杆广西标包 1，中标金额约 3.37 亿 元，约占公司 2024 年经审计的营业收入的 10.45%，现将相关情况提示如下： 南方电网公司 2025 年主网线路材料第一批框架招标项目中标结果公告 https://www.biddin ...

风范股份：中标3.37亿元南方电网项目 约占2024年经审计营业收入的10.45% 智通财经7月9日电，风范股份(601700.SH)公告称，公司中标中国南方电网有限责任公司2025年主网线 路材料第一批框架招标项目，中标金额约3.37亿元，约占公司2024年经审计营业收入的10.45%。 ...

Summary of Key Points Core Viewpoint - The announcement details the guarantee provided by Changshu Fengfan Electric Power Equipment Co., Ltd. to Yangzhou Jingying Optoelectronics Technology Co., Ltd. for an amount of 22 million yuan, with a total guarantee balance of 700 million yuan as of the announcement date [1]. Group 1: Guarantee Overview - The company has provided a guarantee of 22 million yuan to Yangzhou Jingying, which is a wholly-owned subsidiary of Suzhou Jingying Optoelectronics Technology Co., Ltd. [1][5] - As of the announcement date, the total guarantee balance provided by the company to Yangzhou Jingying is 700 million yuan [1]. - There are no overdue guarantees from the company or its subsidiaries [1]. Group 2: Financial Data of Yangzhou Jingying - As of March 31, 2025, Yangzhou Jingying's total assets were 1.966 billion yuan, and total liabilities were 1.437 billion yuan, resulting in a net asset of 529.5 million yuan [3]. - The company's operating income for the year 2024 was 1.093 billion yuan, with a net profit of 159.3 million yuan [4][5]. Group 3: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary and reasonable as it supports the normal operations of Yangzhou Jingying, which is under the control of the company [6]. - The board of directors has assessed the repayment capability of the guaranteed party, confirming that the risk is manageable [6]. Group 4: Total Guarantee Amounts - The cumulative guarantee amount provided by the company to its wholly-owned and controlling subsidiaries is 1.155 billion yuan, with 542.8 million yuan specifically for subsidiaries with an asset-liability ratio exceeding 70% [12]. - As of the announcement date, there are no overdue guarantees reported [12].

Core Viewpoint - Fengfan Co., Ltd. is facing significant financial challenges following its aggressive expansion into the photovoltaic sector, highlighted by a substantial drop in revenue and profit, alongside increasing debt levels [1][2][3][4]. Financial Performance - In Q1 2025, Fengfan reported total revenue of 572 million yuan, a year-on-year decline of 42.55%, and a net loss of 42.48 million yuan, marking a 165.88% decrease from profit [1]. - The company's asset-liability ratio reached 63.83% by the end of Q1 2025, an increase of 2.41 percentage points year-on-year [2][4]. - Total interest-bearing debt amounted to 3.005 billion yuan, reflecting a year-on-year increase of 10.13% [3]. Strategic Decisions - Fengfan announced plans to acquire 100% equity in eight photovoltaic power station project companies under its subsidiary, Suzhou Jingying Optoelectronics Technology Co., Ltd., for 48 million yuan [1]. - The company previously acquired 60% of Jingying Optoelectronics for 960 million yuan in December 2022, despite concerns over its financial health and the photovoltaic market's saturation [1][2]. Market Challenges - The photovoltaic sector is experiencing a downturn, with a significant reduction in orders attributed to market conditions [1]. - U.S. tariffs on Southeast Asian photovoltaic products have severely impacted Jingying Optoelectronics' overseas operations, leading to a 57.8% drop in solar panel exports from Cambodia [2]. Debt and Cash Flow Concerns - The company's financial expenses, particularly interest payments, have increased to 25.1 million yuan, straining already limited cash flow [3]. - Accounts receivable, although down 6.94% to 965 million yuan, represent 1056.87% of profits, indicating a high risk of bad debts [3]. Research and Development - R&D expenditures fell to 19.76 million yuan in Q1 2025, a decrease of 31.21% year-on-year, raising concerns about the company's competitive position in a rapidly evolving industry [3]. Future Outlook - Fengfan has set a target for Jingying Optoelectronics to achieve profitability in 2025, but the high debt levels and asset-liability ratio limit its capacity for transformation [4].

证券代码：601700 证券简称：风范股份 公告编号：2025-041 常熟风范电力设备股份有限公司 关于对外担保进展的公告 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。 重要内容提示: 本次常熟风范电力设备股份有限公司（以下简称"风范股份"或者"公司"） 为扬州晶樱提供的担保金额为 2,200 万元；截至本公告披露日，风范股份已实 际为晶樱光电提供的担保余额为 7 亿元（具体明细详见"六、累计对外担保数 量及逾期担保的数量"）； | 担保方 | 被担保方 | 合作机构 | 担保金额 （万元） | | --- | --- | --- | --- | | 常熟风范电力设备股份 | 扬州晶樱光电科技有 | 邦银金融租赁股份有 | 2,200 | | 有限公司 | 限公司 | 限公司 | | | | 合 计 | | 2,200 | 本次担保情况如下： 被担保人名称：扬州晶樱光电科技有限公司（以下简称"扬州晶樱"）； 本次担保金额及已实际为其提供的担保余额： 二、被担保人基本情况 1、扬州晶樱光电科技有限公司 住所：高邮市经济 ...

国浩律师（上海）事务所 专项法律意见书 国浩律师（上海）事务所 关于常熟风范电力设备股份有限公司 差异化分红事项之专项法律意见书 致：常熟风范电力设备股份有限公司 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》"）、《上市公司股份回购规则》（以下简称"《回购 规则》"） 《证券法》 《回购规则》 《回购指引》等相关法律、法规及规范性文件的 规定及本专项法律意见书出具日前已经发生或者存在的事实，对与出具本专项法 律意见书有关的所有文件资料及证言进行了审查判断，对公司本次差异化分红进 行了充分的核查验证，保证本专项法律意见书不存在虚假记载、误导性陈述或者 重大遗漏。 、《上海证券交易所上市公司自律监管指引第 7 号——回购股份》 （以下简 称"《回购指引》"）等相关法律、法规及规范性文件以及《常熟风范电力设备股份 有限公司章程》（以下简称"《公司章程》"）的相关规定，本所律师就常熟风范电 力设备股份有限公司（以下简称"公司"）2024 年度利润分配涉及的差异化权益分 派特殊除权除息处理（以下简称"差异化分红"）相关事项出具本专项法律意见书。 按照律师行业公 ...

Core Viewpoint - The announcements from Changshu Fengfan Power Equipment Co., Ltd. reflect the company's commitment to fulfilling prior acquisition agreements and its strategic deepening in the photovoltaic industry, providing a reference for traditional manufacturing enterprises transitioning to the new energy sector [1] Group 1: Performance Compensation - In 2022, the company initiated the acquisition of 100% equity in Suzhou Jingying Photovoltaic Technology Co., Ltd. to establish a dual main business development pattern of "transmission equipment manufacturing + photovoltaic industry" [2] - The performance commitment stipulated that the net profit attributable to the parent company from 2023 to 2024 should not be less than 320 million yuan; if the actual performance fell below 85% of this value, the commitment parties would need to compensate using the equity transfer proceeds [2] - The actual net profit for Jingying Photovoltaic from 2023 to 2024 was -319 million yuan, resulting in a performance completion rate of -105.63%, leading to a full compensation payment of 393 million yuan [2] Group 2: Business Integration - The company plans to acquire 100% equity in eight photovoltaic power station projects for 48 million yuan, consolidating these assets under its wholly-owned subsidiary Fengfan New Energy (Suzhou) Co., Ltd. [3] - This transaction aims to streamline the company's business structure and enhance the management of its photovoltaic power station projects [3] - The investment return for Jingying Photovoltaic from this acquisition is confirmed to be 34.17 million yuan, with a minor impact on the company's consolidated financial statements [3] Group 3: Industry Context - The photovoltaic industry is experiencing increasing competition, with leading companies expanding their advantages through technology and scale, while smaller firms face challenges related to technological iteration and cost control [4] - The rapid evolution of photovoltaic technology, such as TOPCon and HJT, is driving increased R&D investment across the industry [4] - The global "dual carbon" goals are creating significant opportunities for the photovoltaic sector, and the company's asset integration is a crucial step in strengthening its position in the new energy market [5] Group 4: Future Directions - The company needs to focus on technological innovation and refined operations to reduce the cost of photovoltaic power generation [5] - Establishing a regional market response mechanism is essential for effectively addressing policy changes and market demands [5] - Continuous investment in R&D and strategic partnerships within the industry chain are necessary for the company to build a differentiated competitive advantage and achieve sustainable development in the new energy sector [6]

国浩律师（上海）事务所 专项法律意见书 国浩律师（上海）事务所 关于常熟风范电力设备股份有限公司 差异化分红事项之专项法律意见书 致：常熟风范电力设备股份有限公司 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》"）、《上市公司股份回购规则》（以下简称"《回购 规则》"）、《上海证券交易所上市公司自律监管指引第 7 号——回购股份》（以下简 称"《回购指引》"）等相关法律、法规及规范性文件以及《常熟风范电力设备股份 有限公司章程》（以下简称"《公司章程》"）的相关规定，本所律师就常熟风范电 力设备股份有限公司（以下简称"公司"）2024 年度利润分配涉及的差异化权益分 派特殊除权除息处理（以下简称"差异化分红"）相关事项出具本专项法律意见书。 按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，本所律师依据 本专项法律意见书出具日以前已发生或存在的事实和我国现行法律、法规和中国 证券监督管理委员会的有关规定发表法律意见，并声明如下： 1. 本所律师已严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，根据 《公司法》《证券法》《回购规则》《回购指引》等相 ...

证券代码：601700 证券简称：风范股份 公告编号：2025-040 常熟风范电力设备股份有限公司 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0.02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 | 2025/7/8 | － | 2025/7/9 | 2025/7/9 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 20 日的2024年年度股东大会审议通过。 二、 分配方案 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责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 差异化分红送转方案： （1）本次差异化分红送转方案 根据公司 2024 年年度股东大会审议通过的《关于 2024 年度利润分配预案的 ...