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。 浙江春风动力股份有限公司（以下简称"公司"）分别于 2021 年 10 月 28 日、2021 年 11 月 22 日召开第四届董事会第三十次会议和 2021 年第三次临时股 东大会，审议通过了《关于<浙江春风动力股份有限公司 2022 年至 2024 年员工 持股计划（草案）>及其摘要的议案》，同意公司在 2022 年-2024 年内滚动设立 三期各自独立存续的员工持股计划，后续各期持股计划的实施授权董事会审议。 具体内容详见公司于 2021 年 10 月 29 日、2021 年 11 月 23 日在上海证券交易所 网站及指定信息披露媒体披露的相关公告及文件。 根据公司 2021 年第三次临时股东大会的授权，公司于 2024 年 5 月 23 日召 开第五届董事会第十五次会议，审议通过《关于提取公司 2024 年员工持股计划 奖励基金并实施 2024 年员工持股计划的议案》，同意公司实施 2024 年员工持股 计划。具体内容详见公司于 2024 年 5 月 24 日在上海证券交 ...

华泰联合证券有限责任公司 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"保荐人"）作为 浙江春风动力股份有限公司（以下简称"春风动力"、"公司"、"上市公司"、"发 行人"）2021 年向特定对象发行股票的保荐人，根据《证券发行上市保荐业务管 理办法》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等法律法规 的规定，对春风动力 2021 年向特定对象发行股票募投项目结项并将节余募集资 金永久补充流动资金的事项进行了核查，具体情况如下： 一、募集资金基本情况 关于浙江春风动力股份有限公司 2021 年向特定对象发行股票募投项目结项 并将节余募集资金永久补充流动资金的核查意见 注 1："利息及理财收益扣除手续费后净额"系指累计收到的银行存款利息以及使用闲 置募集资金现金管理收益扣除手续费等的净额； 注 2："预计节余募集资金金额"包含尚未支付的合同尾款 13,349.58 万元，实际节余募 集资金金额以上述项目对应的专项账户于资金转出日银行结息后的余额为准； 注 3：上述表格数据如有尾差，系四舍五入造成。 | 序号 | ...

上海君澜律师事务所 关于 浙江春风动力股份有限公司 2024 年股票期权激励计划（草案） 之 法律意见书 二〇二四年八月 上海君澜律师事务所 法律意见书 释 义 在本法律意见书中，除非文意另有所指，下列词语具有以下含义： | 公司/春风动力 | 指 | 浙江春风动力股份有限公司 | | --- | --- | --- | | 《股票期权激励 | 指 | 《浙江春风动力股份有限公司 年股票期权激励 2024 | | 计划（草案）》 | | 计划（草案）》 | | 本次激励计划 | 指 | 春风动力拟根据《浙江春风动力股份有限公司 2024 年股票期权激励计划（草案）》实施的股权激励 | | 《考核办法》 | 指 | 《浙江春风动力股份有限公司 2024 年股票期权激励 计划实施考核管理办法》 | | 激励对象 | 指 | 按照本次激励计划之规定获授股票期权的公司（含 | | | | 子公司）核心管理人员及核心技术（业务）人员 | | 股票期权 | 指 | 公司授予激励对象在未来一定期限内以预先确定的 | | | | 条件购买春风动力一定数量股票的权利 | | 《公司法》 | 指 | 《中华人民共和国公司法》 | ...

证券代码：603129 证券简称：春风动力 公告编号：2024-041 浙江春风动力股份有限公司 第五届董事会第十七次会议决议公告 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 浙江春风动力股份有限公司（以下简称"公司"）第五届董事会第十七次会议 的会议通知已于 2024 年 8 月 5 日以通讯方式发出，并于 2024 年 8 月 15 日以现 场结合通讯会议方式召开（现场会议地址：浙江春风动力股份有限公司四楼 416 会议室，现场会议时间：2024 年 8 月 15 日 10:00 时）。会议应出席董事 9 名，实 际出席董事 9 名，会议由董事长赖国贵主持。会议的通知、召集、召开和表决程 序符合《中华人民共和国公司法》（以下简称"《公司法》"）、《公司章程》等有 关法律、法规的规定。 二、董事会会议审议情况 会议以记名和书面的方式，审议了如下议案： (一)审议通过《浙江春风动力股份有限公司 2024 年半年度报告及其摘要》 表决结果为：9 票同意，0 票反对，0 票弃权，0 票回避，符合《公司法 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥7,528,836,116.19, representing a 15.73% increase compared to ¥6,505,649,329.79 in the same period last year[14]. - Net profit attributable to shareholders was ¥708,809,607.76, up 28.49% from ¥551,631,225.45 in the previous year[14]. - The net cash flow from operating activities increased by 91.19%, amounting to ¥1,492,183,613.25 compared to ¥780,472,353.80 in the same period last year[14]. - Basic earnings per share rose to ¥4.70, a 28.07% increase from ¥3.67 in the same period last year[15]. - The weighted average return on net assets increased by 1.04 percentage points to 13.18% compared to 12.14% in the previous year[15]. - The company reported a non-recurring profit of 21,529,023.02 RMB after tax, with significant contributions from government subsidies of 22,539,119.05 RMB and other non-operating income[17]. - In the first half of 2024, the company achieved revenue of 7.529 billion CNY, a year-on-year increase of 15.73%, and a net profit of 709 million CNY, up 28.49% year-on-year[43]. - The total profit for the first half of 2024 was ¥806,849,326.41, compared to ¥653,018,117.54 in the first half of 2023, marking a 23.5% increase[117]. Assets and Liabilities - The company's total assets grew by 19.65% to ¥12,339,899,313.14 from ¥10,313,748,347.15 at the end of the previous year[14]. - The net assets attributable to shareholders increased by 7.93% to ¥5,438,320,590.22 from ¥5,038,823,536.91 at the end of the previous year[14]. - The total liabilities increased to ¥6,737,260,480.63 from ¥5,141,761,818.69, indicating a growth of about 31.1%[112]. - The company's total current assets reached ¥9,658,629,494.64, an increase from ¥7,708,853,964.23 as of December 31, 2023, representing a growth of approximately 25.3%[110]. - The cash and cash equivalents amounted to ¥5,621,192,765.35, up from ¥4,506,412,538.81, indicating an increase of about 24.7%[110]. - Accounts receivable rose to ¥1,645,799,275.88 from ¥1,086,285,855.28, reflecting a significant increase of approximately 51.5%[110]. - The company's total liabilities as of June 30, 2024, are not explicitly stated but are essential for assessing the overall financial health[110]. Market and Industry Trends - The global all-terrain vehicle market is projected to grow at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2031, reaching a market size of 18.6 billion USD by 2031[23]. - The UTV segment is expected to be the main growth driver in the all-terrain vehicle market, reflecting a structural upgrade in consumer preferences[24]. - The motorcycle industry is expected to continue growing as the middle class expands and consumer spending increases, particularly in the mid-to-large displacement segment[27]. - The all-terrain vehicle industry in China has seen a significant shift towards a more structured and competitive market, with over 90% of production being exported, primarily to North America and Europe[25]. Product Development and Innovation - The company is actively developing new energy products, covering a full range from high-end electric motorcycles to electric vehicles[19]. - The company has a robust R&D capability, with 1,534 patents granted, including 118 invention patents, showcasing its commitment to innovation and technology[34]. - The company has launched several popular models, including the 450SR, which has become the most popular mid-displacement sports motorcycle in China, and the 800NK, which won the Red Dot Design Award in 2024[34]. - R&D investment for the first half of 2024 was 458 million CNY, accounting for 6.08% of total revenue, with a year-on-year increase of 21.37%[51]. International Expansion - The company has established a global marketing and service network with over 4,200 international distribution points and nearly 1,000 domestic "CFMOTO" distribution points[20]. - The company is actively expanding its international market presence, particularly in Southeast Asia and Europe, where demand for electric two-wheelers is increasing[29]. - The company has achieved significant growth in its ATV export business, maintaining a competitive edge against major brands like Polaris and Honda in the U.S. market[29]. Environmental and Regulatory Compliance - The company has established an environmental management system and has not experienced any environmental pollution incidents during the reporting period[74]. - The company has a waste gas treatment system that processes engine test exhaust, welding fumes, and painting waste, with approximately 70% of coatings being low-VOC water-based or powder coatings[76]. - The company has committed to maintaining compliance with environmental standards and regulations, ensuring proper waste treatment and discharge[76]. - The company has developed an environmental self-monitoring plan that has been approved by local environmental authorities[79]. Risk Management - The company has outlined potential risks in the management discussion and analysis section, urging investors to pay attention to these risks[5]. - The company faces risks from macroeconomic fluctuations, as demand for all-terrain vehicles and mid-to-large displacement motorcycles is closely tied to economic conditions[63]. - Rising raw material prices and labor costs pose significant risks to the company's profitability, necessitating cost control measures[66]. - The company aims to build a stable supplier system to mitigate supply chain risks and ensure product delivery amidst increasing demand[66]. Corporate Governance - The company has committed to not engaging in any competitive business activities with its subsidiaries and has adhered to this commitment[82]. - The company has ensured that all related party transactions are conducted fairly and in accordance with market prices[84]. - The company has pledged to avoid any misuse of funds between itself and its subsidiaries, adhering to governance regulations[85]. - The company will ensure that the compensation system for directors and senior management is linked to the execution of the company's return measures[8].

证券代码：603129 证券简称：春风动力 公告编号：2024-040 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： 会议召开时间：2024 年 08 月 19 日（星期一）下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow. sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2024 年 08 月 12 日（星期一）至 08 月 16 日（星期五）16: 00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 boar d@cfmoto.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 浙江春风动力股份有限公司（以下简称"公司"）拟于 2024 年 8 月 16 日发 布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年 半年度经营成果、财务状况，公司计划于 2024 年 08 月 19 日下午 15:00-16:00 举行 2024 年半年度业绩说明会， ...

国泰君安版权所有发送给上海东方财富金融数据服务有限公司.东财接收研报邮箱.ybjieshou@eastmoney.com p1 股 票 研 究 ——春风动力 2024 年股票期权激励点评 | --- | --- | |-------------------|---------------------| | | | | 吴晓飞 ( 分析师 ) | [table_Authors] | | | | | 0755-23976003 | | | | wuxiaofei@gtjas.com | | S0880517080003 | 登记编号 | | --- | --- | |------------------------|-------| | | | | 管正月 ( 分析师 ) | | | 021-38032026 | | | guanzhengyue@gtjas.com | | | S0880521030003 | | 股票研究 /[Table_Date] 2024.08.08 激励彰显经营信心，新车持续兑现 春风动力(603129) 运输设备业[Table_Industry] /可选消费品 | --- | --- ...

证券研究报告 奉风动力 (603129 CH) 股权激励计划发布,助力长期发展 | --- | --- | |--------------------------------|------------| | 年春研究 | 更新报告 | | 2024 年 8 月 07 日 \| 中国内地 | 汽车零部件 | 股权激励计划草案发布,彰显发展信心 公司8月6日发布 2024年股票期权激励计划(草案),拟向激励对象授予股 票期权 350万份(约占公告当日股本总额 2.34%),授予价格为 106元/股。 本次计划拟授予激励对象 1310 人,将通过公司业绩和个人绩效两个层面进 行考核,公司层面主要考核 24-26年营收增长,彰显公司长期发展信心。我 们看好公司摩托业务提升海外市场份额,考虑 24 年国内销量复苏,预计 24-26 年归母净利分别为 12.7/15.9/19.8 亿元（前值 12.1/15.9/19.9 亿元）, 可比公司 24 年 Wind 一致预期 PE 均值为 19.6 倍,我们给予公司 24 年 19.6 倍 PE,目标价 164.25 元(前值 165.83 元),维持"买入"评级。 股权激励 ...

Investment Rating - The report maintains a "Recommended" rating for the company [3] Core Views - The company has introduced a stock option incentive plan for 2024, proposing to grant 3.55 million stock options, accounting for 2.3% of the total share capital, aimed at attracting and retaining talent [1] - The employee stock ownership plan for 2025-2026 is designed to enhance the motivation of core management personnel, with performance targets set for revenue [1] - The company aims to become a global leader in the Powersport sector, with significant growth in motorcycle exports and a focus on high-value products in the all-terrain vehicle market [1] - Long-term growth is anticipated in both motorcycle exports and high-end four-wheeler layouts, with revenue projections for 2024-2026 set at 15.2 billion, 19.6 billion, and 23.7 billion yuan respectively [1] Financial Forecasts - Revenue is projected to grow from 12.11 billion yuan in 2023 to 15.20 billion yuan in 2024, with a growth rate of 25.5% [2][4] - Net profit attributable to shareholders is expected to increase from 1.01 billion yuan in 2023 to 1.32 billion yuan in 2024, reflecting a growth rate of 31.3% [2][4] - Earnings per share (EPS) is forecasted to rise from 6.65 yuan in 2023 to 8.74 yuan in 2024, with a price-to-earnings (PE) ratio of 15 for 2024 [2][5] Financial Metrics - The company’s gross margin is projected to be around 32.95% in 2024, with a net profit margin of 8.70% [4] - The return on assets (ROA) is expected to be 9.87% in 2024, while the return on equity (ROE) is projected at 21.94% [4] - The company’s total assets are forecasted to grow from 10.31 billion yuan in 2023 to 13.41 billion yuan in 2024 [5]

证券代码：603129 证券简称：春风动 本公司及董事会全体成员保证本员工持股计划不存在虚假记载、误导性陈述 或重大遗漏，并对其真实性、准确性、完整性承担法律责任。 2 风险提示 （一）浙江春风动力股份有限公司（以下简称"春风动力"、"公司"） 2025年至2026年员工持股计划（草案）须经公司股东大会批准后方可实施， 本次员工持股计划能否获得公司股东大会批准，存在不确定性； 2025 年至 2026 年员工持股计划（草案） 二〇二四年八月 声明 （二）本员工持股计划设立后将由公司自行管理，但能否达到计划规模、 目标存在不确定性； （三）有关本员工持股计划的具体的资金来源、出资金额、实施方案等 属初步结果，能否完成实施，存在不确定性； 力 浙江春风动力股份有限公司 （四）股票价格受公司经营业绩、宏观经济周期、国内外政治经济形势 及投资者心理等多种复杂因素影响。因此，股票交易是有一定风险的投资活 动，投资者对此应有充分准备； （五）敬请广大投资者谨慎决策，注意投资风险。 3 特别提示 本部分内容中的词语简称与"释义"部分保持一致。 1、《浙江春风动力股份有限公司 2025 年至 2026 年员工持股计划》（以下 ...