Meeting Details - The shareholder meeting was held on August 8, 2025, at the specified location in Shanghai [1] - The meeting was convened by the company's board and utilized a combination of on-site and online voting methods [1] - The chairman of the meeting was Mr. Zhang Zuqiu, with attendance from various board members, supervisors, and legal representatives [1] Voting Results - The non-cumulative voting proposal regarding the election of independent directors was approved with a significant majority, where 99.9244% of A-share votes were in favor [1] - The voting breakdown showed 75,338,678 votes in favor, 39,307 against, and 17,700 abstentions [1] Legal Compliance - The legal representatives confirmed that the meeting's procedures, participant qualifications, and voting processes complied with the Company Law and the company's articles of association [3]

Core Viewpoint - The legal opinion confirms that the second extraordinary general meeting of Shanghai Baolong Automotive Technology Co., Ltd. held on August 8, 2025, complied with relevant laws and regulations, ensuring the legitimacy of the meeting and its proceedings [1][9]. Group 1: Meeting Procedures - The meeting was convened as per the notice published on July 23, 2025, detailing the time, location, and agenda [3][4]. - The physical meeting took place at 14:00 on August 8, 2025, at the specified location, consistent with the notice [4]. - Online voting was facilitated by a designated service provider, allowing shareholders to vote from 9:15 to 15:00 on the same day [5][6]. Group 2: Attendance and Voting - A total of 10 shareholders attended the meeting in person, representing 63,742,565 shares, approximately 30.09% of the total voting shares [5][6]. - An additional 210 shareholders participated via online voting, representing 11,653,120 shares, about 5.50% of the total voting shares [6]. - The voting process was conducted in accordance with legal requirements, with results showing 75,338,678 votes in favor, accounting for 99.92% of the votes cast [8]. Group 3: Resolutions and Legal Compliance - The agenda items were proposed by the board of directors and fell within the authority of the shareholders' meeting, meeting all legal stipulations [7]. - The voting procedures and results were verified as compliant with the Company Law, Securities Law, and the company's articles of association, confirming the validity of the resolutions passed [9].

Investment Rating - The report suggests a "Standard Allocation" for the automotive industry, indicating that the industry index is expected to perform within ±10% of the market index over the next six months [43]. Core Insights - The automotive sector has shown a mixed performance, with the automotive index rising 0.57% over the past two weeks, outperforming the CSI 300 index by 1.40 percentage points, ranking 13th among 31 industries [10][11]. - The report highlights a significant increase in retail sales of passenger vehicles, with July sales reaching 1.834 million units, a 7% year-on-year increase, although down 12% from the previous month [22][39]. - The report anticipates a market recovery in late August due to the rollout of the third batch of "old-for-new" subsidies and the upcoming peak sales season in September and October [39]. Industry Data Tracking - Raw material prices have shown fluctuations, with steel prices down 0.38%, aluminum up 0.78%, and lithium carbonate down 0.35% as of August 7, 2025 [16][21]. - The report notes that the automotive sector's year-to-date performance has increased by 13.19%, outperforming the CSI 300 index by 8.63 percentage points [10][11]. Industry News - The China Passenger Car Association has slightly raised its annual forecast for passenger vehicle retail sales, now expecting a 6% increase for 2025 [23]. - In July, wholesale sales of new energy passenger vehicles reached 1.18 million units, marking a 25% year-on-year increase [24]. - The establishment of the China Changan Automobile Group in Chongqing aims to enhance the company's focus on intelligent vehicles and global market expansion [27]. Company News - Li Auto, China Automotive Technology and Research Center, and Dongfeng Liuzhou Automobile have issued a joint statement regarding the Li Auto i8 crash test, emphasizing the importance of maintaining market order and ethical competition [30]. - BYD reported July sales of 344,296 vehicles, a decrease of 8.8% month-on-month, but a year-to-date increase of 27% [36]. - Changan Automobile's July sales of new energy vehicles reached 80,006 units, a 74.05% year-on-year increase [35].

| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-085 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 2025年第二次临时股东会决议公告 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： (五) 公司董事、监事和董事会秘书的出席情况 (一) 股东会召开的时间：2025 年 8 月 8 日 (二) 股东会召开的地点：上海市松江区沈砖公路 5500 号 131 会议室 1、公司在任董事9人，出席8人，董事陈洪凌先生因公未能出席会议； 2、公司在任监事3人，出席3人； 3、董事会秘书出席了会议；公司所有高管列席了会议。 二、 议案审议情况 (一) 非累积投票议案 (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 | 220 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 75,395,685 | | 3、出席 ...

上海磐明律师事务所 中国上海市浦东新区世纪大道 100 号 上海环球金融中心 15 楼 T61 邮编：200120 Brightstone Lawyers Suite T61, 15/F, Shanghai World Financial Center No.100 Century Avenue, Pudong New District Shanghai 200120, China 致：上海保隆汽车科技股份有限公司 上海磐明律师事务所 关于上海保隆汽车科技股份有限公司 2025 年第二次临时股东会的法律意见书 上海保隆汽车科技股份有限公司（下称"公司"）2025 年第二次临时股东会（下称"本 次股东会"）于 2025 年 8 月 8 日在上海市松江区沈砖公路 5500 号 131 会议室如期召开。 上海磐明律师事务所（下称"本所"）接受公司的委托，指派张勤律师、赵桂兰律师（以 下合称"本所律师"）出席本次股东会。本所律师根据《中华人民共和国公司法》（下称《公 司法》）、《中华人民共和国证券法》（下称《证券法》）、《上市公司股东会规则》（下称《股 东会规则》）以及《上海保隆汽车科技股份有限公司章程》（下称《公司 ...

证券日报网讯 8月6日晚间，保隆科技发布公告称，根据相关规定，并结合公司2025年半年度报告披露 计划，现对公司2023年限制性股票与股票期权激励计划股票期权行权时间进行限定，具体如下：一、公 司2023年限制性股票与股票期权激励计划股票期权已于2024年9月19日进入第一个行权期（期权代码： 1000000510），行权有效期为2024年9月19日至2025年9月18日，目前处于自主行权阶段。二、2023年限 制性股票与股票期权激励计划股票期权第一个行权期限制行权期间为2025年8月14日至2025年8月28日， 在此期间全部激励对象将限制行权。 （文章来源：证券日报） ...

证券代码：603197 证券简称：保隆科技 公告编号：2025-084 债券代码：113692 债券简称：保隆转债 根据《上市公司股权激励管理办法》《上海证券交易所上市公司自律监管指 南第八号——股权激励计划股票期权自主行权》《上海保隆汽车科技股份有限公 司 2023 年限制性股票与股票期权激励计划（草案）》及中国证券登记结算有限责 任公司上海分公司（以下简称"中登公司"）关于股票期权自主行权的相关规定， 并结合上海保隆汽车科技股份有限公司（以下简称"公司"）2025 年半年度报告 披露计划，现对公司 2023 年限制性股票与股票期权激励计划股票期权行权时间 进行限定，具体如下： 上海保隆汽车科技股份有限公司 关于限制性股票与股票期权激励计划股票期权 一、公司 2023 年限制性股票与股票期权激励计划股票期权已于 2024 年 9 月 19 日进入第一个行权期（期权代码：1000000510），行权有效期为 2024 年 9 月 19 日至 2025 年 9 月 18 日，目前处于自主行权阶段。 限制行权期间的提示性公告 二、2023 年限制性股票与股票期权激励计划股票期权第一个行权期限制行 权期间为 202 ...

| 证券代码：603197 | 证券简称：保隆科技 | 公告编号：2025-084 | | --- | --- | --- | | 债券代码：113692 | 债券简称：保隆转债 | | 上海保隆汽车科技股份有限公司 二、2023 年限制性股票与股票期权激励计划股票期权第一个行权期限制行 权期间为 2025 年 8 月 14 日至 2025 年 8 月 28 日，在此期间全部激励对象将限制 行权。 三、公司将按照有关规定及时向中登公司申请办理限制行权相关事宜。 关于限制性股票与股票期权激励计划股票期权 特此公告。 上海保隆汽车科技股份有限公司董事会 2025 年 8 月 7 日 限制行权期间的提示性公告 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。 根据《上市公司股权激励管理办法》《上海证券交易所上市公司自律监管指 南第八号——股权激励计划股票期权自主行权》《上海保隆汽车科技股份有限公 司 2023 年限制性股票与股票期权激励计划（草案）》及中国证券登记结算有限责 任公司上海分公司（以下简称"中登公司"）关于股票期权自主行权 ...

Investment Rating - The automotive industry is rated as "Outperform the Market" [1][5][4] Core Viewpoints - The industry is entering the mid-year performance period, with a focus on the 2025 World Robot Conference. The July car market is expected to grow primarily due to the "trade-in and scrapping" policies, with an estimated retail market of 1.85 million narrow passenger cars, a year-on-year increase of 7.6% [1][3] - The long-term outlook emphasizes the rise of domestic brands and opportunities in incremental components driven by electric and intelligent trends. In the short term, the strong new product cycle of Huawei and the first year of the Xiaomi automotive industry chain are highlighted [3][12] - The report suggests that under the geopolitical backdrop, the automotive sector as a domestic consumption product is likely to see increased stimulus policies, favoring passenger cars and domestically replaced components [3][12] Monthly Production and Sales Data - In July, the narrow passenger car retail market is projected to be around 1.85 million units, with a year-on-year growth of 7.6% and a month-on-month decline of 11.2%. New energy vehicle retail is expected to be approximately 1.01 million units, with a penetration rate of 54.6% [1][22] - Weekly data indicates that from July 1 to 27, the national passenger car retail reached 1.445 million units, a year-on-year increase of 9% but a month-on-month decline of 19% [1][2] Weekly Market Performance - For the week of July 28 to August 1, the CS automotive index fell by 2.26%, with the CS passenger car index down by 2.73%. The CS electric vehicle sector saw a decline of 5.01% [2][3] - The CS automotive sector outperformed the CSI 300 index by 0.08 percentage points but underperformed the Shanghai Composite Index by 0.88 percentage points, with a year-to-date increase of 10.97% [2][3] Key Company Earnings Forecast and Investment Ratings - Key companies such as Leap Motor, Geely, and JAC are rated as "Outperform the Market" with varying earnings per share (EPS) forecasts for 2025 and 2026 [4][5] - Leap Motor is expected to have an EPS of -0.05 in 2025, while Geely is projected to have an EPS of 1.36 [4][5] Investment Recommendations - The report recommends focusing on the rise of domestic brands and opportunities in incremental components, particularly in electric and intelligent sectors. Specific recommendations include: - Vehicle manufacturers: Leap Motor, JAC, Geely - Intelligent technology: Kobot, Huayang Group, Junsheng Electronics - Robotics: Top Group, Sanhua Intelligent Control, Shuanghuan Transmission - Domestic replacements: Xingyu Co., Fuyao Glass, Jifeng Co., New Spring Co., Horizon Robotics [3][12][24]

上海保隆汽车科技股份有限公司 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603197 证券简称：保隆科技 公告编号：2025-082 债券代码：113692 债券简称：保隆转债 关于公司为控股子公司提供担保的公告 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。 （二）内部决策程序 公司于2025年4月28日召开的第七届董事会第二十四次会议、第七届监事会第二十三次会议，全票审议 通过了《关于公司2025年度为子公司提供担保总额的议案》，2025年度公司向合并报表范围内下属子公 司提供总额不超过45亿元人民币的担保。具体内容详见公司于2025年4月30日在上海证券交易所网站 （www.sse.com.cn）披露的《上海保隆汽车科技股份有限公司关于公司2025年度为子公司提供担保总额 的公告》。上述议案已经公司2024年年度股东会审议通过。 （三）担保预计基本情况 公司此次为宁国保隆、保隆工贸、保富中国、龙感电子提供的担保包含在公司2025年度为子公司提供担 保总额度内，上述担保事项无须单独召开公司董事会、股东会审 ...