国浩律师（上海）事务所 股东大会法律意见书 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 2024 年年度股东大会法律意见书 致：常熟风范电力设备股份有限公司 本所律师根据相关法律、法规、部门规章和规范性文件的要求，按照律师行 业公认的业务标准，道德规范和勤勉尽责精神出具法律意见如下： 一、本次股东大会的召集、召开程序 公司董事会已于 2025 年 4 月 29 日在上海证券交易所官方网站（http://www.ss e.com.cn）上以公告形式刊登了《关于召开 2024 年年度股东大会的通知》（以下简 称"《通知》"）。经核查，《通知》载明了会议的时间、内容、现场会议地点，并说 明有权出席会议股东的股权登记日、出席现场会议的股东的登记方法、联系电话 和联系人的姓名等事项。 本次股东大会于 2025 年 5 月 20 日（星期二）召开，采取现场投票与网络投 1 国浩律师（上海）事务所 股东大会法律意见书 国浩律师（上海）事务所（以下简称"本所"）接受常熟风范电力设备股份有 限公司（以下简称"公司"）委托，指派廖筱云律师、王健弛律师（以下简称"本 所律师"）出席公司 2024 年年度股东大会（以下 ...

Core Insights - The transmission line tower industry in China is experiencing significant growth, with the market size projected to reach approximately 71.1 billion yuan in 2024, driven by increasing electricity demand and urbanization [1][16] - The industry is characterized by a dual structure, with a large number of small enterprises competing in the low-end market and a few large companies dominating the high-end market [21][23] Industry Overview - Transmission line towers are essential infrastructure for supporting high and ultra-high voltage overhead power lines, primarily made of metal materials like iron and steel [3] - The industry has evolved from using low-voltage transmission lines to high-voltage lines, leading to increased demand for steel towers [5][19] Market Dynamics - The growth in electricity demand is reflected in the increase of total electricity consumption in China, which rose from 55,500 billion kWh in 2015 to 98,521 billion kWh in 2024, with a compound annual growth rate of 6.58% [11] - The length of 220 kV and above transmission lines has also increased significantly, from 609,100 km in 2015 to 952,800 km in 2024, indicating a compound annual growth rate of 5.1% [11] Investment Trends - Investment in power engineering construction is on the rise, with power source engineering investment expected to grow from 409.1 billion yuan in 2015 to 1,168.7 billion yuan in 2024, reflecting a compound annual growth rate of 12.37% [14] - The investment in grid engineering is also increasing, from 460.3 billion yuan in 2015 to 608.6 billion yuan in 2024, with a compound annual growth rate of 3.15% [14] Key Players - Major companies in the industry include China Tower Corporation, which is the leading player, and other significant firms such as Wind范股份, 东方铁塔, and 汇金通 [21][23] - China Tower Corporation reported a revenue of 75.7 billion yuan from tower-related businesses in 2024, showing a year-on-year growth of 0.89% [23] Industry Structure - The industry is divided into three tiers: a large number of small enterprises in the low-end market, a second tier of larger private companies, and a first tier of leading companies like China Tower [21] - The market for transmission line towers is highly competitive, with price wars prevalent among smaller firms producing low-end products [21] Future Trends - The industry is expected to undergo technological upgrades driven by the construction of ultra-high voltage transmission lines, leading to a shift towards new tower structures and materials [27] - The demand for intelligent operation and maintenance solutions is increasing, with the adoption of IoT and sensor technologies [28] - The push for green and low-carbon solutions is reshaping the industry, with a focus on environmentally friendly materials and recycling practices [30]

证券代码：601700 证券简称：风范股份 公告编号：2025-025 常熟风范电力设备股份有限公司 常熟风范电力设备股份有限公司回购专用证 券账户 上海伊洛私募基金管理有限公司－红橡金麟 伊洛 1 号私募基金 二、前十大无限售条件股东情况 | | | | 占公司总 | | --- | --- | --- | --- | | 序号 | 股东名称 | 持股数量（股） | 股本比例 | | | | | （%） | 常熟风范电力设备股份有限公司回购专用证 券账户 关于回购股份事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 常熟风范电力设备股份有限公司（以下简称"公司"）于 2025 年 4 月 26 日 召开第六届董事会第十二次会议，审议通过了《关于以集中竞价交易方式回购股 份方案的议案》，本次回购股份事项具体内容详见公司于 2025 年 4 月 29 日在上 海证券交易所网站披露的《关于以集中竞价交易方式回购公司股份（第二期）方 案的公告》（公告编号：2025-022）。 ...

| | | | 占公司总 | | --- | --- | --- | --- | | | 序号 股东名称 | 持股数量（股） | 股本比例 | | | | | （%） | | 1 | 范建刚 | 216,292,500.00 | 18.94 | | 2 | 范立义 | 180,731,250.00 | 15.82 | | 3 | 唐山工业控股集团有限公司 | 144,680,675.00 | 12.67 | | 4 | 范岳英 | 35,518,275.00 | 3.11 | | 5 | 常熟风范电力设备股份有限公司回购专用证 | 20,577,100.00 | 1.80 | | | 券账户 | | | 证券代码：601700 证券简称：风范股份 公告编号：2025-025 常熟风范电力设备股份有限公司 关于回购股份事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 常熟风范电力设备股份有限公司（以下简称"公司"）于 2025 年 4 月 26 日 召开第六届董事会第十二 ...

Core Viewpoint - The company is focusing on stabilizing its domestic market while actively expanding its overseas business, particularly in the overseas tower market and developing distributed power stations and energy storage businesses [2] Group 1: Financial Performance - In 2024, the company achieved an operating income of 3.227 billion yuan, a year-on-year decrease of 5.76%, while the net profit attributable to shareholders reached 91.29 million yuan, a year-on-year increase of 32.77% [2] - The decline in operating income was primarily due to the adverse environment in the photovoltaic industry, while the net profit growth was mainly attributed to performance compensation received from Suzhou Jingying Photovoltaic Technology Co., Ltd. [2] Group 2: Product Revenue Structure - In 2024, the industrial products segment generated an operating income of 2.882 billion yuan, accounting for 98.03% of the main business revenue [3] - Revenue from angle steel towers, square welded pipes, and monocrystalline battery cells was 1.252 billion yuan, 518 million yuan, and 439 million yuan, reflecting year-on-year growth of 4.57%, 4.67%, and 68.45% respectively [3] - Revenue from steel pipe towers and straight seam welded pipes was 544 million yuan and 129 million yuan, showing year-on-year declines of 26.82% and 37.04% respectively [3] Group 3: Market Expansion and Orders - The company reported continuous growth in orders for its tower segment and steady progress in its photovoltaic segment [4] - In the domestic market, the company is deepening its engagement with State Grid Corporation of China, China Southern Power Grid, and local grid companies [4] - In the overseas market, the company signed three EPC contracts and four indirect export tower supply projects, along with six direct export tower supply projects [4] Group 4: Strategic Initiatives - The company is implementing a diversified strategy in its photovoltaic business, focusing on silicon wafer manufacturing while expanding into battery cell and module OEM businesses [5] - The company’s R&D expenses reached 112 million yuan in 2024, a year-on-year increase of 57.64%, with nearly a hundred authorized patents obtained by Jingying Photovoltaic and its subsidiaries [5] - Future plans include enhancing collaboration with partners in the transmission and transformation tower business, expanding overseas business networks, and increasing R&D investment to launch high-performance products [5]

常熟风范电力设备股份有限公司 2024年年度股东大会会议资料 常熟风范电力设备股份有限公司 2024年年度股东大会 会议资料 2025年05月20日 中国 常熟 -1- 常熟风范电力设备股份有限公司 2024年年度股东大会会议资料 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，保证股 东大会的顺利召开，根据《公司法》、《上市公司股东大会规则》及《公司章程》 的有关规定，特制定如下会议须知，望出席股东大会的全体人员遵照执行。 一、为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东授权 代表）的合法权益，公司认真做好召开股东大会的各项工作。 二、除出席会议的股东（或股东授权代表）、公司董事、监事、高级管理人 员、公司聘请的律师、董事会邀请的人员及相关工作人员外，公司有权依法拒绝 其他人进入会场。 三、股东参加股东大会，应当认真履行其法定义务，会议开始后应将手机铃 声置于无声状态，尊重和维护其他股东合法权益，保障大会的正常秩序。 四、股东参加股东大会依法享有表决权、发言权、质询权等权利。 五、股东需要发言的，需先经会议主持人许可，方可发言。股东发言时应首 先报告姓名（或所代表 ...

报告摘要》。为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等 情况，公司定于 2025 年 05 月 13 日（星期二）15:00-16:00 在"价值在线" （www.ir-online.cn）举办常熟风范电力设备股份有限公司 2024 年年度业绩说明 会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。 二、说明会召开的时间、地点和方式 证券代码：601700 证券简称：风范股份 公告编号：2025-024 常熟风范电力设备股份有限公司 关于举办 2024 年年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： 一、说明会类型 常熟风范电力设备股份有限公司（以下简称"公司"）已于 2025 年 4 月 29 日在上海证券交易所网站（www.sse.com.cn）披露了《常熟风范电力设备股份 有限公司 2024 年度报告全文》及《常熟风范电力设备股份有限公司 2024 年度 会议召开时间：2025 年 05 月 13 日（星期二）15:00-16:00 会议召开地点：价值在线（w ...

Group 1 - The company has approved a share repurchase plan using its own funds and financial institution loans, with a total budget of up to RMB 300 million, and a maximum repurchase price of RMB 6.90 per share [2] - The implementation period for the share repurchase is set to be within 12 months from the board's approval date [2] Group 2 - As of April 30, 2025, the company has repurchased 13,179,000 shares, accounting for 1.1538% of the total share capital, with a total transaction amount of RMB 55,157,436.10 [3] - The highest transaction price during the repurchase was RMB 4.60 per share, while the lowest was RMB 3.99 per share [3] Group 3 - The company will adhere to relevant regulations and guidelines during the repurchase process and will disclose information regarding the progress of the share repurchase in a timely manner [4]

证券代码：601700 证券简称：风范股份 公告编号：2025-023 常熟风范电力设备股份有限公司 关于以集中竞价方式回购股份比例累计达 1% 暨回购进展公告的进展公告 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。 二、回购股份的进展情况 根据《上海证券交易所上市公司自律监管指引第7号——回购股份》的相关 规定，回购股份占上市公司总股本的比例每增加1%的，应当在事实发生之日起3 个交易日内予以披露。现将回购股份进展情况公告如下： 截至2025年4月30日，公司通过回购专用证券账户以集中竞价交易方式实施 股份回购，回购股份数量为13,179,000股，占公司目前总股本的1.1538%，与上 次披露数相比增加1.0923%，最高成交价为4.60元/股，最低成交价为3.99元/股， 成交金额为55,157,436.10元（不含交易费用）。本次回购符合公司回购方案及 相关法律法规的要求。 三、 其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律 监管指引第7号——回购股份》等相关规定，在回购期限内根 ...

Financial Performance - The company achieved a net profit attributable to shareholders of the parent company of ¥91,288,576.22 for the year ending December 31, 2024, with cumulative undistributed profits amounting to ¥121,286,261.94[7]. - The company's operating revenue for 2024 was CNY 3,226,719,950.18, a decrease of 5.76% compared to 2023[25]. - Net profit attributable to shareholders increased by 32.77% to CNY 91,288,576.22 in 2024[27]. - The net profit after deducting non-recurring gains and losses fell by 485.72% to CNY -252,028,086.27, largely due to unfulfilled performance commitments[27]. - The company reported a net loss of 60,243,750, indicating a significant downturn in financial performance[128]. - The company reported a decrease in net profit margin by 2.52% compared to the previous year, indicating challenges in maintaining profitability[96]. Dividends and Profit Distribution - A cash dividend of ¥0.20 per share (including tax) is proposed, totaling approximately ¥22,702,386 (including tax) based on the current total share capital of 1,135,119,300 shares[7]. - The company plans to maintain the distribution ratio per share unchanged, adjusting the total distribution amount accordingly if there are changes in total share capital before the equity registration date[7]. - The cash dividend amount for 2023 represents 24.87% of the net profit attributable to shareholders, which was CNY 91,288,576.22[163]. - Over the last three fiscal years, the cumulative cash dividend amount (including tax) was CNY 91,236,688, with an average net profit of CNY 64,098,334.25, resulting in a cash dividend ratio of 142.34%[165]. Assets and Liabilities - Total assets increased by 2.71% to CNY 7,995,301,969.74 as of the end of 2024[25]. - The total liabilities increased by 8.02% to approximately $5.09 billion from $4.71 billion[78]. - The company has significant assets under restriction totaling approximately $1.22 billion, primarily due to bank guarantees and loan collateral[79]. - Cash and cash equivalents amounted to 1,916.97 million yuan, up 56.92% due to increased net cash flow from operations[77]. Operational Efficiency and R&D - The company has increased its R&D expenses by 57.64% to CNY 111,942,370, reflecting a commitment to innovation[57]. - The company is investing in research and development to improve existing products and introduce new offerings[129]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[131]. - The company has a comprehensive production capacity of 400,000 tons per year, ensuring timely completion of production tasks and maintaining product quality[52]. Market Expansion and Strategy - The company is focusing on optimizing its business structure and enhancing market development and technological innovation capabilities[35]. - The company plans to expand its investment in new projects, including the construction of a factory in Cambodia[77]. - The company is actively pursuing strategic partnerships and potential acquisitions to enhance its technological capabilities and market reach[96]. - Market expansion plans include entering two new international markets by the end of 2024[130]. Environmental and Social Responsibility - The company invested CNY 7.48 million in environmental protection during the reporting period[170]. - The company has established a wastewater treatment plant and installed online monitoring facilities to ensure wastewater meets discharge standards[174]. - The company has implemented carbon reduction measures, successfully reducing carbon dioxide equivalent emissions by 64,957.51 tons through clean energy generation, specifically photovoltaic power[182]. - Total donations and investments in public welfare projects amounted to 920,000 RMB, benefiting an unspecified number of individuals[182]. Governance and Compliance - The board of directors has established and strictly implemented rules and systems to ensure legal, scientific, and efficient decision-making, with independent directors constituting one-third of the board[119]. - The company has committed to maintaining independence in assets, personnel, finance, organization, and business operations following the change of controlling shareholder to Tangshan Industrial Holding Group[121]. - The company has established effective internal control systems, ensuring orderly and efficient business operations throughout the reporting period[167]. - The company has not reported any major asset restructuring or integration during the reporting period[95]. Risks and Challenges - The company faces market competition risks due to low industry entry barriers and increasing competition from new entrants[112]. - The company is sensitive to raw material price fluctuations, which significantly impact production costs and profit margins[113]. - The company may face risks from reduced national investment in power grid construction, which could impact domestic business performance[112]. - Future policy changes regarding solar energy could significantly impact the company's operational performance[116].