"我已经准备材料，走法律程序，是非公道让法律去判决。"6月5日，针对春风动力（603129.SH）方面的最新声明，春风动力旗下两轮电动车品牌极核的 经销商王香华在接受经济观察报采访时表示。 近日，王香华向外界表示，自己经营的极核品牌门店因经营不善闭店后，厂家对店内库存车辆采取了"远程锁车"的措施，他的这一表态迅速引发外界关 注。6月3日，极核品牌发布声明否认"远程锁车"。 对于极核品牌的声明，王香华不认可。针对事件进展以及更多细节，经济观察报致函春风动力，截至发稿尚未获得回复。 春风动力总部位于浙江杭州，是一家从事大排量摩托车、全地形车、新能源摩托车及配套核心部件研发、制造和销售于一体的企业。极核品牌诞生于2020 年，产品主要包括电动摩托车、电动轻便摩托车和新国标电动自行车。 极核品牌在声明中称，2024年8月，极核品牌与王香华创办的盐城市鑫鼎新能源有限公司（下称"鑫鼎新能源"）正式建立授权合作关系。2025年3月，极核 品牌在例行巡检中发现，鑫鼎新能源在未告知极核的情况下，已擅自拆除极核品牌形象店，改建为其他品牌门店，该行为已构成单方面违约，根据协议约 定，经销商应返还建店投入。 王香华告诉经济观察报，极 ...

浙江春风动力股份有限公司章程 浙江春风动力股份有限公司 章 程 二〇二五年五月 1 | 第一章 | 总则 | 3 | 第二章 | 经营宗旨和范围 | 4 | | --- | --- | --- | --- | --- | --- | | 第四章 | 股东和股东大会 | 9 | | | | | 第十二章 | 附则 | 40 | | | | 浙江春风动力股份有限公司章程 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 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》）、《上市公司章程指引（2016 年修订）》和其他有关 规定，制订本章程。 第二条 浙江春风动力股份有限公司（以下简称"公司"）系依照《公司法》 成立的股份有限公司。公司系由春风控股集团杭州摩托车制造有限公司整体变更设 立的股份有限公司，在浙江省市场监督管理局注册登记，并取得《营业执照》，统 一社会信用代码为 91330100757206158J。 第三条 公司于 2017 年 7 月 21 日经中国证券监督管理委员会核准，首次向 社会公众发行人民币普通股 3,333. ...

证券代码：603129 证券简称：春风动力 公告编号：2025-043 浙江春风动力股份有限公司 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。 2025 年 2 月 6 日，浙江春风动力股份有限公司（以下简称"公司"）召开 第六届董事会第二次会议和第六届监事会第二次会议，审议通过了《关于 2021 年股票期权激励计划第三个行权期和 2022 年股票期权激励计划第二个行权期符 合行权条件的议案》，确认 2021 年股票期权激励计划第三个行权期的行权条件 已经成就，可行权人数为 556 人，可行权的股票期权数量为 76.72 万份；确认 2022 年股票期权激励计划第二个行权期的行权条件已经成就，可行权人数为 416 人， 可行权的股票期权数量为 38.25 万份。 根据立信会计师事务所（特殊普通合伙）出具的《验资报告》（信会师报字 [2025]第 ZF10023）和《验资报告》（信会师报字[2025]第 ZF10024），截至 2025 年 2 月 13 日止，公司 2021 年股票期权激励计划第三个行权期股票激励对象实际 行 ...

差异化分红送转： 否 证券代码：603129 证券简称：春风动力 公告编号：2025-042 浙江春风动力股份有限公司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3.85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 | 2025/5/26 | － | 2025/5/27 | 2025/5/27 | 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 7 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. 分配方案： 本次利润分配以方案实施前的公司总股本152,577,663股为基数，每股派发现金红利3.85 元（含税），共计派发现金红 ...

国浩律师（杭州）事务所 关 于 浙江春风动力股份有限公司 2024 年年度股东大会的 法律意见书 国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关 于 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二零二五年五月 国浩律师（杭州）事务所 法律意见书 律师仅对本次股东大会的召集、召开程序、出席人员资格、召集人资格、会议的 表决程序及表决结果的合法有效性发表意见，不对会议所审议的议案内容和该等 议案中所表述的事实或数据的真实性和准确性发表意见。 浙江春风动力股份有限公司 2024 年年度股东大 ...

证券代码：603129 证券简称：春风动力 公告编号：2025-041 浙江春风动力股份有限公司 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 7 日 (二)股东大会召开的地点：浙江春风动力股份有限公司会议室（浙江省杭州市临 平区临平街道绿洲路 16 号） (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 | 223 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 97,493,393 | | 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 | 63.8975 | | 份总数的比例（%） | | (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。 本次会议采取现场投票和网络投票相结合的方式召开，公司董事会召集本次 会议，董事长赖民杰先生主持。本次会议的召集、 ...

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [7]. Core Views - The company is expected to achieve a revenue of 15.038 billion yuan in 2024, representing a year-on-year growth of 24.18%, and a net profit attributable to the parent company of 1.472 billion yuan, up 46.08% year-on-year [1]. - The report highlights the strong performance of the all-terrain vehicle (ATV) and motorcycle segments, with significant growth in both domestic and international markets [3][4]. - The electric vehicle segment, particularly the "Jikong" brand, has shown remarkable growth, with sales exceeding 100,000 units and revenue increasing by 414.15% year-on-year [5]. Financial Performance Summary - For 2024, the company is projected to have a gross margin of 30.06%, a net profit margin of 9.79%, and a non-recurring net profit margin of 9.59% [1]. - The first quarter of 2025 saw a revenue of 4.25 billion yuan, a year-on-year increase of 38.86%, and a net profit of 415 million yuan, up 49.6% year-on-year [2]. - The ATV business is expected to generate revenue of 7.21 billion yuan in 2024, with a gross margin of 36.51% [3]. - The motorcycle business is projected to achieve revenue of 6.037 billion yuan in 2024, with domestic sales showing a growth of 44.44% [4]. - The electric vehicle segment is anticipated to generate revenue of 397 million yuan in 2024, with a significant increase in sales volume [5]. Profit Forecast - The profit forecast for the company has been adjusted upwards, with expected profits of 1.75 billion yuan, 2.18 billion yuan, and 2.64 billion yuan for the years 2025 to 2027, respectively [5].

Group 1 - The company plans to raise 2.5 billion yuan through the issuance of convertible bonds to fund various projects, including the construction of a new facility for producing 3 million sets of motorcycles and electric vehicles annually, marketing network development, and information system upgrades [1] - The total investment for the new production facility is estimated at 3.5 billion yuan, with 1.78 billion yuan allocated from the raised funds, focusing on the manufacturing and R&D of electric two-wheelers and motorcycles [1] - The expansion aims to enhance the company's global market presence and optimize resource allocation, thereby improving supply chain resilience and competitiveness in the global power equipment market [1] Group 2 - The company plans to invest 900 million yuan in marketing network development, with 450 million yuan from the raised funds, to create a multi-level sales and service network, enhancing brand promotion and market penetration [2] - This marketing initiative aligns with the company's ongoing globalization strategy, which includes establishing a comprehensive channel system in North America, Europe, and Southeast Asia [2] - The company intends to invest 120 million yuan in upgrading its information systems, incorporating advanced technologies like big data and cloud computing to improve data sharing and collaboration [3] Group 3 - An additional 150 million yuan will be allocated to supplement working capital, enhancing financial flexibility to support business expansion and market development [3] - The electric two-wheeler and motorcycle market is undergoing significant changes driven by policy, technology, and consumer upgrades, presenting both opportunities and challenges for the company [3] - The company possesses a solid technological foundation from the fuel vehicle era and aims to leverage its global channel network to gain a competitive edge in the electric vehicle market [3]

Group 1 - The company plans to raise up to 2.5 billion yuan through the issuance of convertible bonds to fund expansion projects and enhance production capacity [1] - The raised funds will be allocated to a new production base for 3 million sets of motorcycles and electric vehicles, marketing network construction, and information system upgrades [1] - The total investment for the new production base project is estimated at 3.5 billion yuan, with funding sourced from the company's own or self-raised funds [1] Group 2 - As of Q1 2025, the company reported cash and cash equivalents of 7.753 billion yuan, with no short-term or long-term debt [2] - The company achieved record-high revenues of 15.038 billion yuan in 2024, representing a year-on-year increase of 24.18%, and a net profit of 1.472 billion yuan, up 46.08% [2] - In Q1 2025, the company continued its growth trend with revenues of 4.25 billion yuan, a 38.86% increase year-on-year, and a net profit of 415 million yuan, up 49.6% [3]

Investment Rating - The report maintains a "Recommended" rating for the company [6]. Core Views - The company is accelerating its electric vehicle development and fundraising for expansion, with plans to invest in a new production base for 3 million sets of motorcycles and electric vehicles in Tongxiang, Zhejiang Province, with a total investment of 3.5 billion RMB [2][3]. - The company is expected to see significant revenue and sales growth in 2024, with the AE4 series achieving top sales during the "618" shopping festival and the AE5i model launching successfully [2]. - The company is expanding its product matrix rapidly, with new high-end motorcycles and all-terrain vehicles contributing to robust growth [3]. Summary by Sections Fundraising and Expansion Plans - The company plans to issue convertible bonds to raise up to 2.5 billion RMB, with net proceeds allocated to various projects including a new production base, marketing network construction, and information system upgrades [1][2]. Revenue and Profit Forecast - The company forecasts revenues of 19.11 billion RMB in 2025, 23.19 billion RMB in 2026, and 27.91 billion RMB in 2027, with corresponding net profits of 1.74 billion RMB, 2.16 billion RMB, and 2.65 billion RMB respectively [4][5]. Product Development and Market Position - The company launched several new motorcycle models, achieving a total sales volume of 287,000 units in 2024, with a revenue of 6.04 billion RMB, reflecting a year-on-year growth of 37.1% [3]. - The all-terrain vehicle segment also showed growth, with sales of 169,000 units and revenue of 7.21 billion RMB in 2024, marking a 10.9% increase [3]. Talent Retention and Incentives - The company introduced a stock option incentive plan for 1,310 core management and technical personnel, aiming to enhance long-term development and performance [4].