北京市君合律师事务所 关于常州星宇车灯股份有限公司 2024 年年度股东大会的法律意见书 致：常州星宇车灯股份有限公司 北京市君合律师事务所接受常州星宇车灯股份有限公司（以下简称"公司"） 的委托，根据《中华人民共和国公司法》（以下简称《公司法》）、《上市公司 股东会规则》（以下简称《股东会规则》）等法律、法规、规章及《常州星宇车 灯股份有限公司章程》（以下简称《公司章程》）的有关规定，就公司 2024 年度 股东大会（以下简称"本次股东大会"）有关事宜出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、出席本次股东大会人员 的资格、召集人资格、会议表决程序是否符合中国相关法律、法规及《公司章程》 的规定以及表决结果是否合法有效发表意见，并不对本次股东大会所审议的议案 内容以及该等议案所表述的相关事实或数据的真实性、准确性或合法性发表意见。 为出具本法律意见之目的，本所律师审查了公司提供的有关本次股东大会的 文件，同时听取了公司就有关事实的陈述和说明，列席了本次股东大会。公司承 诺其所提供的文件和所作的陈述和说明是完整、真实和有效的，无任何隐瞒、疏 漏之处。 本所及本所律师依据《中华人民共和国证 ...

同意选举徐小平先生担任公司第七届监事会主席，任期与本届监事会一 致。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 特此公告。 证券简称：星宇股份 证券代码：601799 编号：2025-014 常州星宇车灯股份有限公司 第七届监事会第一次会议决议公告 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法律责任。 一、监事会会议召开情况 常州星宇车灯股份有限公司（以下简称"公司"或"本公司"）于 2025 年 4 月 10 日召开公司 2024 年年度股东大会，选举产生公司第七届监事会股东代 表监事。公司第七届监事会第一次会议于 2025 年 4 月 10 日在公司以现场方式 召开。本次会议应出席监事三人，实际出席监事三人，本次会议获全体监事同 意豁免通知。经半数以上监事推举，本次会议由徐小平先生主持。本次监事会 会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规 定，会议决议合法有效。 二、监事会会议审议情况 (一)审议通过《关于选举监事会主席的议案》 常州星宇车灯股份有限公司监事会 二〇二五年四月十一日 第 1 ...

证券简称：星宇股份 证券代码：601799 编号：2025-013 常州星宇车灯股份有限公司 第七届董事会第一次会议决议公告 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法律责任。 一、董事会会议召开情况 常州星宇车灯股份有限公司（以下简称"公司"或"本公司"）于 2025 年 4 月 10 日召开公司 2024 年年度股东大会，选举产生公司第七届董事会。公司 第七届董事会第一次会议于 2025 年 4 月 10 日在公司以现场结合通讯表决方式 召开。本次会议应出席董事七人，实际出席董事七人，本次会议获全体董事同 意豁免通知。经与会董事共同推举，本次会议由董事周晓萍女士主持。本次董 事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定，会议决议合法有效。 二、董事会会议审议情况 经审议，会议做出如下决议： (一)审议通过《关于选举公司董事长的议案》 选举周晓萍女士担任公司第七届董事会董事长，任期与本届董事会一致， 自本次董事会会议审议通过之日起三年。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 (二) ...

Investment Rating - The report maintains a "Positive" investment rating for the automotive industry [14] Core Insights - The impact of the recent tariffs imposed by the U.S. on China is relatively limited for the automotive sector, primarily affecting parts exports. Strong parts manufacturers have established global production capabilities, particularly in Mexico, which benefits from zero tariffs under the USMCA agreement [2][10] - The overall automotive sales for the week of March 24-30 reached 482,500 units, a 12.3% increase compared to the previous week. New energy vehicle sales were 241,900 units, reflecting an 8.0% increase, with a penetration rate of 50%, down 2.0 percentage points from the previous week [9][10] - The A-share automotive sector experienced a decline of 3.60%, underperforming the CSI 300 index, which fell by 1.37% [9] Summary by Sections Tariff Impact - The U.S. tariffs on Chinese imports have a limited short-term impact on the automotive sector, with parts exports being the primary concern. Companies can potentially shift production to Mexico or other low-tariff regions to mitigate costs [10][23] Market Performance - The automotive sector's performance in the A-share market has been weak, with various sub-sectors showing declines, particularly in commercial vehicle parts and tires [9][11] Sales Data - Total automotive sales for March 2025 reached 1.685 million units, a 23.4% increase year-on-year, with new energy vehicles accounting for 890,000 units, up 27.7% [9][10] Investment Recommendations - The report recommends focusing on the complete vehicle segment and parts manufacturers with strong overseas layouts, particularly those involved in smart driving technologies and robotics [11][12] - Specific companies highlighted for investment include BYD, XPeng Motors, and Geely for smart driving vehicles, and Top Group and Fulin Precision for robotics [11][12] Parts Manufacturing - Some parts manufacturers may face pressure due to declining Tesla sales, but recovery is expected with new vehicle launches in Q2. Companies with operations in Mexico are less affected by the tariffs [12][40]

证 券 研 究 报 告 星宇股份（601799）2024 年报点评 强推（维持） 结构优化与智能造型升级驱动增长，全球化 稳步推进 事项： 公司发布 2024 年年报，24Q4 归母净利 4.31 亿元、同比+34%、环比+13%，扣 非归母净利 4.32 亿元、同比+15%、环比+16%。 评论： [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 13,253 | 16,252 | 19,501 | 22,992 | | 同比增速(%) | 29.3% | 22.6% | 20.0% | 17.9% | | 归母净利润(百万) | 1,408 | 1,822 | 2,249 | 2,729 | | 同比增速(%) | 27.8% | 29.3% | 23.5% | 21.3% | | 每股盈利(元) | 4.93 | 6.38 | 7.87 | 9.55 | | 市盈率(倍) | 24 | 19 | 15 | 12 | | 市净率(倍) ...

Core Points - The annual general meeting of Changzhou Xingyu Automotive Lighting Co., Ltd. is scheduled for April 10, 2025, to discuss various proposals including financial reports and the appointment of auditors [1][4][10]. Meeting Agenda - The meeting will include the reading and voting on several proposals, including the 2024 work reports from the board and supervisory committee, the financial settlement report, and the annual profit distribution plan [1][4][5][8]. - The voting will be conducted through a combination of on-site and online methods, with specific procedures outlined for shareholder participation [1][2][3]. Financial Performance - For the year 2024, the company reported a revenue of approximately CNY 13.25 billion, representing a 29.32% increase from CNY 10.25 billion in 2023 [6][8]. - The net profit attributable to shareholders was CNY 1.56 billion, with a basic earnings per share of CNY 4.96, up 28.31% from CNY 3.87 in 2023 [6][8]. - The company’s total assets increased by 14.69% to CNY 16.94 billion compared to CNY 14.77 billion in 2023 [6][8]. Proposals for Approval - The company proposes to reappoint Tianheng Certified Public Accountants as the auditor for the 2025 financial report and internal control audit [10][11]. - A profit distribution plan is proposed, suggesting a cash dividend of CNY 13 per 10 shares, totaling approximately CNY 369.6 million [8][9]. - The election of the seventh board of directors and supervisory committee members is also on the agenda, with specific candidates nominated for approval [15][21]. Cash Management Strategy - The company plans to utilize idle funds for cash management, with a maximum investment amount of CNY 3.5 billion in low-risk financial products [14].

Core Viewpoint - The company, Xingyu Co., Ltd., is set to hold its 2024 annual performance briefing on April 2, 2025, to discuss its operational results and financial status for the year [1][2]. Group 1: Meeting Details - The meeting will take place on April 2, 2025, from 10:00 AM to 11:00 AM [2]. - It will be conducted via video recording combined with online text interaction [2]. - Investors can participate by logging into the Shanghai Securities Journal and China Securities Network [2]. Group 2: Participation Information - Investors can submit questions from April 1, 2025, 8:00 AM to 4:00 PM, through provided contact methods [2]. - The company will address commonly asked questions during the briefing [1][2]. - Key personnel attending include the Chairman and General Manager, Ms. Zhou Xiaoping, and the Financial Director, Mr. Gao Peng [2]. Group 3: Contact Information - Contact persons for inquiries are Gao Peng and Zhang Xiwu [2]. - The contact phone number is 0519-85156063, and the email address is zhangxiwu@xyl.cn [2]. Group 4: Post-Meeting Access - After the meeting, investors can view the interactive content on the Shanghai Securities Journal and China Securities Network [2].

证券简称：星宇股份 证券代码：601799 编号：2025-011 一、说明会类型 本次业绩说明会以网络方式召开，公司将针对2024年年度的经营成果及财 务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就 投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 常州星宇车灯股份有限公司 关于召开 2024 年年度业绩说明会的预告公告 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： 投资者可以在2025年4月1日上午8:00至下午16:00通过公告后附的电话、邮件 等联系公司，提出所关注的问题，公司将在说明会上选择投资者普遍关注的问题 进行回答。 公司已于2025年3月20日披露了《星宇股份2024年年度报告》，为便于广大 投资者更全面深入地了解公司2024年年度的经营成果及财务状况，公司决定于 2025年4月2日通过视频录播结合网络文字互动方式召开"星宇股份关于2024年年 度业绩说明会"。 召开时间：2025年4月2日（星期三）上午10:00-11:00 召开地点：上海证券报·中国 ...

常州星宇车灯股份有限公司 2024 年度股东大会会议材料 常州星宇车灯股份有限公司 会议材料 会议召开日期：2025 年 4 月 10 日 | 录 | | --- | | 目 | | 公司 | 年度股东大会议程 3 2024 | | --- | --- | | 公司 | 2024 年度股东大会须知 4 | | 公司 | 2024 年度股东大会议案审议及表决方法 5 | | 议案一、关于《公司董事会 | 年度工作报告》的议案 6 2024 | | 议案二、关于《公司监事会 | 2024 年度工作报告》的议案 7 | | 议案三、关于《公司 | 2024 年度财务决算报告》的议案 8 | | 议案四、关于《常州星宇车灯股份有限公司 | 年年度报告》全文和摘要的议案 11 2024 | | 议案五、关于《公司 | 2024 年度利润分配方案》的议案 12 | | 议案六、关于续聘天衡会计师事务所（特殊普通合伙）担任公司 | 2025 年度财务报告审计机 | | 构的议案 13 | | | 议案七、关于续聘天衡会计师事务所（特殊普通合伙）担任公司 | 2025 年度内控审计机构的 | | 议案 | 14 | | 议案 ...

Investment Rating - The report maintains a "Recommended" rating for the company [2][7]. Core Insights - The company has shown strong performance in 2024, achieving a revenue of 13.25 billion yuan, a year-on-year increase of 29.32%, and a net profit attributable to shareholders of 1.41 billion yuan, up 27.78% year-on-year [4][9]. - The growth is driven by the increase in sales from major domestic brand clients, with notable sales increases for brands such as Chery (+43.7%), Seres (+180.0%), Li Auto (+33.1%), Xpeng (+34.2%), and Zeekr (+87.2%) in 2024 [4]. - The company has implemented an employee stock ownership plan to align the interests of core employees with the company, which is expected to enhance growth potential [2]. Financial Performance Summary - In Q4 2024, the company reported a revenue of 4.03 billion yuan, a 33.73% increase year-on-year, and a net profit of 431 million yuan, up 34.49% year-on-year [4]. - The company has undertaken 69 new model development projects in 2024, an increase of 19% from the previous year, and has achieved mass production for 40 models [4]. - The average price of vehicle lights increased by 25.31% to 203.13 yuan, indicating a trend towards higher-end products [4]. - The gross profit margin for 2024 was 19.28%, slightly down by 1.30 percentage points year-on-year, primarily due to a decline in profitability from overseas operations [4][9]. Financial Forecast - The company is projected to achieve revenues of 16.52 billion yuan, 19.75 billion yuan, and 23.23 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 1.88 billion yuan, 2.33 billion yuan, and 2.77 billion yuan [6][7]. - The diluted EPS is expected to rise to 6.57 yuan in 2025, 8.15 yuan in 2026, and 9.70 yuan in 2027, with PE ratios of 18.89, 15.21, and 12.79 respectively [6][7].