关于公牛集团股份有限公司 差异化权益分派事项的专项法律意见 上海仁盈律师事务所 SHANGHAI RENYING LAW FIRM 地址：上海市徐汇区田林路 487 号 20 号楼宝石大楼 705 室邮编：200233 电话（Tel）：021-61255878 传真（Fax）：021-61255877 网站：www.renyinglawfirm.com 上海仁盈律师事务所 关于公牛集团股份有限公司 差异化权益分派事项的专项法律意见 致：公牛集团股份有限公司 上海仁盈律师事务所（以下简称"本所"）接受公牛集团股份有限公司（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》"） 《中华人民共和国证券法》（以下简称"《证券法》"）《上海证券交易所上市公司 自律监管指引第 7 号——回购股份》等法律、法规、规章和其他规范性文件以及 《公牛集团股份有限公司章程》（以下简称"《公司章程》"）的规定，就公司差异 化权益分派事项（以下简称"本次差异化分红"）出具本专项法律意见（以下简 称"本专项法律意见"）。 为出具本专项法律意见，本所律师声明如下： 1、本所律师仅针对本专项法律意见出具日之前已经 ...

差异化分红送转： 是 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： | | | | | 新增无限售 | 现金红利发 | | --- | --- | --- | --- | --- | --- | | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 条件流通股 | 放日 | | | | | | 份上市日 | | | Ａ股 | 2025/6/6 | － | 2025/6/9 | 2025/6/9 | 2025/6/9 | 证券代码：603195 证券简称：公牛集团 公告编号：2025-039 公牛集团股份有限公司2024年年度权益分派实施公告 一、 通过分配、转增股本方案的股东会届次和日期 本次利润分配及转增股本方案经公司2025 年 5 月 15 日的2024年年度股东会审议通过。 二、 分配、转增股本方案 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）经 2025 ...

轻工制造 行 业 研 究 / 行 业 点 相关研究 《空间智能：AI 从虚拟到现实——"智" 造 TMT 系列之三十一暨空间智能系列之 一》 2025/03/21 《从乐舒适招股书看非洲个护市场星辰大 海——个护行业深度》 2025/03/12 《供需格局延续改善，中长期盈利向上- 2025 年春季造纸行业投资策略》 2025/03/10 证券分析师 黄莎 A0230522010002 huangsha@swsresearch.com 屠亦婷 A0230512080003 tuyt@swsresearch.com 庞盈盈 A0230522060003 pangyy@swsresearch.com 张海涛 A0230524080003 zhanght@swsresearch.com 张文静 A0230524120005 zhangwj@swsresearch.com 魏雨辰 A0230525010001 weiyc@swsresearch.com 联系人 魏雨辰 (8621)23297818× weiyc@swsresearch.com 2025 年 05 月 26 日 关注宠物用品板块、AI 眼镜新品； 潮玩 ...

Group 1 - This week, 10 listed companies announced share buybacks and capital increase through special loans, including Weichai Power, which received a commitment letter for a buyback loan not exceeding 900 million yuan [1][2] - Weichai Power plans to repurchase shares amounting to 500 million to 1 billion yuan to cancel and reduce its registered capital [1][2] Group 2 - Jianyou Co. announced a buyback with loan support not exceeding 36 million yuan on May 22 [2] - Gongniu Group received a commitment letter for a buyback loan not exceeding 360 million yuan on May 22 [2] - Fenda Technology obtained a commitment letter for a buyback loan not exceeding 90 million yuan on May 21 [2] - Xingshuai Er received a commitment letter for a buyback loan not exceeding 34.55 million yuan on May 20 [2] - Hexing Packaging plans to repurchase shares between 50 million to 100 million yuan with a loan not exceeding 90 million yuan [2] - Anhui Construction's controlling shareholder received loan support not exceeding 180 million yuan for capital increase on May 23 [2] - Hubei Yihua's controlling shareholder obtained a commitment letter for a capital increase loan not exceeding 360 million yuan on May 22 [2] - Tunnel Co.'s controlling shareholder received loan support not exceeding 450 million yuan for capital increase on May 22 [2] - Shanghai Laishi's controlling shareholder plans to increase shares between 250 million to 500 million yuan with a loan not exceeding 450 million yuan [2]

转自：新华财经 新华财经北京5月25日电（记者沈寅飞）日前，2024年度"中联上市公司价值100"（以下简称"中联百 强"）榜单出炉。该榜单由中联企业管理集团有关专家组成的上市公司业绩评价课题组推出，至今已是 连续第24年发布。同期还首次发布了"中国人工智能产业分析报告""数据资产上市公司分析报告"及有关 民营上市公司的分析评价等。 据介绍，此次榜单凸显"先进制造与AI创新赋能新质生产力""民营企业高质量发展""培育壮大新型消 费"等亮点。从综合评价来看， 云铝股份以综合得分91.59获得第一，华利集团、北新建材、中远海控等 上市公司紧随其后。 2024年度中联百强中，制造业以67家上市公司持续保持领先，其中先进科技制造企业明显增多，集中在 新能源、半导体与AI硬件、电子制造、创新药与医疗器械等领域，形成一批高增长潜力股。如在新能 源领域，以比亚迪、赛力斯为代表的电动车企和以阳光电源、德业股份为代表的光伏与储能企业实现快 速增长，并达到中国品牌出海新高度。在创新药与医疗领域，百利天恒首款国产SL-B01D1 （EGFR/HER3双抗）进入临床III期，惠泰医疗等上市公司加快医疗设备国产替代进程。在电子制造、 ...

Group 1 - Company Sanofi has entered into a collaboration with Pfizer for the 707 project, which involves a dual-targeting bispecific antibody product aimed at PD-1 and VEGF [1] - The collaboration allows Pfizer exclusive rights for development, production, and commercialization in regions outside mainland China [1] - The payment of sales milestone fees and royalties is contingent upon achieving specified sales targets, introducing uncertainty regarding actual revenue [1] Group 2 - Company Daqian Ecology announced that shareholders plan to reduce their holdings by up to 3.3% of the company's total shares [2] - Shareholder Anhui Xinhua Publishing Group intends to sell up to 407.16 million shares, while Vice General Manager Wang Zheng'an plans to sell up to 41.08 million shares [2] Group 3 - Company Sany Heavy Industry has submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [3] - The application materials are in draft form and may be updated or revised as necessary [3] Group 4 - Company Xinhua Insurance plans to invest 10 billion yuan in the second phase of the Honghu Fund, which has a total size of 20 billion yuan [4] - The establishment of the fund is subject to regulatory procedures, introducing some uncertainty regarding its implementation [4] Group 5 - Company Zhongnan Media's subsidiary has signed a government procurement contract worth 1.009 billion yuan [6]

证券代码：603195 证券简称：公牛集团 公告编号：2025-038 公牛集团股份有限公司 关于增加股份回购资金来源暨收到回购专项贷款承 诺函的公告 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。 （公告编号：2025-021）及《公牛集团股份有限公司关于以集中竞价交易方式回 购股份方案的回购报告书》（公告编号：2025-022）。 二、股份回购的进展情况 截至本公告日，公司尚未开始实施回购。 三、增加股份回购资金来源的情况 一、股份回购的基本情况 公牛集团股份有限公司（以下简称"公司"、"公牛集团"）于2025年4月23 日召开第三届董事会第九次会议，审议通过了《关于以集中竞价交易方式回购公 司股份方案的议案》，同意公司以自有资金通过集中竞价交易方式回购部分公司 股份，未来用于实施公司股权激励计划及员工持股计划。本次回购股份的价格上 限为人民币107元/股（含），回购股份资金总额不低于人民币25,000万元（含）， 不超过人民币40,000万元（含）。回购股份资金来源为自有资金。回购期限为自 公司第三届董事会第九次会议审议 ...

Core Viewpoint - The company has adjusted its share repurchase plan to include both self-funding and self-raised funds, including a special loan from a bank, to enhance its share buyback capacity [1] Group 1 - The company announced a change in the funding source for its share repurchase plan from "self-funding" to "self-funding and self-raised funds" [1] - The company received a loan commitment letter from CITIC Bank Ningbo Branch, promising a loan of up to 360 million yuan for the purpose of repurchasing its shares [1]

Core Viewpoint - The company has decided to adjust the funding source for its share repurchase plan from "own funds" to "own funds and self-raised funds (including bank repurchase special loans, etc.)" [1] Group 1 - The adjustment aims to reduce the company's financing costs and improve the efficiency of fund utilization [1] - The other aspects of the share repurchase plan remain unchanged [1] - The decision was approved during the company's third board meeting held on May 22, 2025 [1] Group 2 - The adjustment complies with relevant laws and regulations [1] - The change is expected to ensure the smooth implementation of the share repurchase plan [1]

Core Insights - In 2024, the company demonstrated strong operational resilience amidst a complex market environment, achieving a revenue of 16.831 billion yuan, a year-on-year increase of 7.24%, and a net profit of 4.272 billion yuan, up 10.39% [1] Traditional Business - The company's electrical connection business generated revenue of 7.683 billion yuan in 2024, reflecting a growth of 4.01% year-on-year [2] - The company has introduced innovative products targeting high-end markets, such as the "zero-seam ultra-thin track" socket and smart sockets with touch screens, enhancing user experience [2] - Aimed at younger consumers, the company launched the "Z Generation Series" products featuring trendy colors and modular charging designs to increase market share [2] Smart Electrical and Lighting Business - The smart electrical and lighting segment achieved revenue of 8.331 billion yuan in 2024, with a year-on-year growth of 5.42% [3] - The company is enhancing its retail strategy by building flagship stores and adopting new retail models to meet consumer demands for a one-stop shopping and experience [3] New Energy Business - The new energy segment emerged as a significant growth driver, with revenue reaching 777 million yuan in 2024, marking a substantial increase of 104.75% year-on-year [3] - The company is leveraging its channel resources and brand advantages to expand its presence in the charging pile market, capitalizing on the growing demand for electric vehicle infrastructure [3][4] Product Development and Strategy - The company is focusing on ultra-fast charging products and enhancing its product matrix for fast DC charging piles, integrating advanced technologies for better performance [4] - Plans for 2025 include accelerating new product launches and increasing marketing efforts to maintain market leadership in personal charging piles [4][5] - The company is also expanding its energy storage business, targeting both European households and domestic commercial scenarios with a diverse product ecosystem [5]