浙江天册律师事务所 关于江山欧派门业股份有限公司 2024 年年度股东大会的 法律意见书 法律意见书 编号:TCYJS2025H0741 号 致:江山欧派门业股份有限公司 浙江天册律师事务所(以下简称"本所")接受江山欧派门业股份有限公司 (以下简称"江山欧派"或"公司"）的委托,指派本所律师参加公司 2024年年 度股东大会,并根据《中华人民共和国证券法》(以下简称"《证券法》")、 《中华人民共和国公司法》(以下简称"《公司法》")和《上市公司股东会规 则》(以下简称"《股东会规则》")等法律、法规和其他有关规范性文件的要 求出具本法律意见书。 在本法律意见书中,本所律师仅对本次股东大会召集、召开程序、出席人员 的资格、召集人的资格、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。 本法律意见书仅供公司 2024年年度股东大会之目的使用。本所律师同意将本 法律意见书随江山欧派本次股东大会其他信息披露资料一并公告,并依法对本所 在其中发表的法律意见承担法律责任。 本所律师根据《股东会规则》的要求,按照律师行业公认的业务标准、道德 规范 ...

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-025 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 (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与网络投票相结合的方式召开，公司董事会召集本次 会议,董事长吴水根先生主持。本次会议的召集、召开和表决方式符合《公司法》 《公司章程》和《上市公司股东会规则》的规定。 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 21 日 (二)股东大会召开的地点：浙江省衢州市江山市贺村镇淤头村淤达山自然村 8 号 江山欧派二楼一号会议室 (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 | 96 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 126,384,923 | | 3、出席会议的股东所持有表决权股份数占公司有表决权 | 71.8590 | | 股份总数的比例（%） | | 2024年年度股东 ...

Core Viewpoint - Jiangshan Oupai Door Industry Co., Ltd. has completed the business registration change for its wholly-owned subsidiary, Henan Oupai Door Industry Co., Ltd., to align with its operational development needs [1]. Group 1: Company Information - The business registration change has been completed, and Henan Oupai remains a wholly-owned subsidiary of Jiangshan Oupai [1]. - The registered capital of Henan Oupai is 180 million yuan [1]. - The company was established on February 17, 2017 [1]. Group 2: Business Scope - The business scope of Henan Oupai includes residential interior decoration, manufacturing and sales of daily wooden products, door and window manufacturing and sales, and metal door and window engineering construction [1]. - Additional activities include furniture manufacturing and sales, home goods manufacturing and sales, and construction materials sales [1]. - The company is also involved in import and export activities, as well as technology import and export [1].

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-024 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 关于子公司河南欧派公司完成工商变更登记的公告 类型：有限责任公司（自然人投资或控股的法人独资） 住所：兰考县济阳大道与华梁路交叉口西南角 法定代表人：戴福良 注册资本：壹亿捌仟万圆整 成立日期：2017年02月17日 经营范围：许可项目：住宅室内装饰装修(依法须经批准的项目，经相关部 门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准) 一般项目：日用木制品制造；日用木制品销售；门窗制造加工；门窗销售；金属 门窗工程施工；金属制品销售；家具制造；家具销售；家具安装和维修服务；家 居用品制造；家居用品销售；建筑装饰、水暖管道零件及其他建筑用金属制品制 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。 江山欧派门业股份有限公司（以下简称"公司"）收到全资子公司河南欧派 门业有限责任公司（以下简称"河南欧 ...

Core Viewpoint - The company is experiencing significant revenue and profit declines in 2024, with a focus on expanding its dealer network despite challenging market conditions [1][2]. Revenue Performance - In 2024, the company's revenue, net profit attributable to the parent, and net profit excluding non-recurring items are projected to be 3.001 billion, 109 million, and 71 million yuan, respectively, representing declines of 20%, 72%, and 79% [1]. - For Q4 2024, revenue is expected to decline by 28%, with bulk and dealer sales down by 23% and 36%, respectively [2]. - In Q1 2025, revenue is projected to decline by 36%, with bulk and dealer sales down by 35% and 46%, respectively [2]. Business Structure and Strategy - The company is optimizing its business structure, with an increasing share of non-direct sales and non-residential demand, while the share of direct engineering business is decreasing [3]. - The company is actively expanding into non-residential clients such as hotels and schools, reducing reliance on new residential demand [3]. - The dealer network is expanding, with a net increase of 25,951 dealers in 2024, bringing the total to 62,518, and a further increase of 6,303 dealers in Q1 2025 [2][4]. Profitability and Margins - Short-term profitability is under pressure, with gross margins declining due to reduced revenue scale and a lower proportion of high-margin direct engineering business [3]. - The net profit margin attributable to the parent decreased by 16.9 and 3.7 percentage points in Q4 2024 and Q1 2025, respectively [3]. Growth Opportunities - The company is focusing on marketing transformation and expanding its dealer and agency channels to identify new growth points [4]. - The AAM and brand cooperation models are enhancing product offerings and improving profitability, with a significant increase in non-main business income [4]. - Projected net profits for 2025-2027 are estimated at 150 million, 220 million, and 290 million yuan, corresponding to PE ratios of 17, 11, and 9 times [4].

Investment Rating - The investment rating for the company is "Buy" and is maintained [9] Core Views - The company's revenue, net profit attributable to the parent, and net profit excluding non-recurring items for 2024 are projected to be 3.001 billion, 109 million, and 71 million respectively, representing declines of 20%, 72%, and 79% year-on-year [2][6] - The revenue for Q4 2024 is expected to be 743 million, with net profit attributable to the parent and net profit excluding non-recurring items at -55 million and -63 million respectively, indicating a 28% year-on-year decline [6] - For Q1 2025, the revenue is projected at 402 million, with net profit attributable to the parent and net profit excluding non-recurring items at 3 million and -23 million respectively, reflecting a 36% year-on-year decline [6] - The revenue is under pressure due to the macroeconomic environment, but the number of distributors continues to expand [2][6] - The company is optimizing its business structure, with an increasing proportion of cash-clearance business and non-residential demand [2][6] - Short-term profitability is under pressure, but there is a focus on marketing transformation to drive new growth points [2][6] Summary by Sections Revenue and Profitability - The company is experiencing a decline in revenue and profitability due to external economic factors, with significant drops in both net profit and net profit excluding non-recurring items for 2024 [2][6] - The revenue for Q4 2024 and Q1 2025 is expected to decline significantly, with Q4 showing a 28% drop and Q1 a 36% drop year-on-year [6] Business Structure and Growth - The company is expanding its distributor network, with a net increase of 25,951 distributors in 2024, bringing the total to 62,518, and a further increase of 6,303 in Q1 2025 [2][6] - The business structure is being optimized, with a shift towards cash-clearance and non-residential projects, reducing reliance on new residential demand [2][6] Marketing and Future Outlook - The company is actively promoting marketing changes to identify new growth opportunities, focusing on quality strategic clients and expanding distribution channels [2][6] - Future net profit projections for 2025-2027 are 150 million, 220 million, and 290 million respectively, with corresponding PE ratios of 17, 11, and 9 times [2][6]

江山欧派门业股份有限公司 2024 年年度股东大会会议资料 江山欧派门业股份有限公司 2024 年年度股东大会会议资料 （股票代码：603208） 会议时间：二〇二五年五月二十一日 1 | | | | | | 江山欧派门业股份有限公司 2024 年年度股东大会会议资料 2024 年年度股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》、中 国证监会《上市公司股东会规则》以及《公司章程》等规定，特制定 2024 年年 度股东大会会议须知： 一、本次会议由董秘办具体负责会议期间的组织及相关会务工作。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，请出 席大会的股东或股东代理人（以下统称"股东"）及相关人员准时到达会场签到 确认参会资格。截至股东参会登记当天没有通过电话、邮件或传真方式登记的， 不在签到表上登记签到，或会议正式开始后没有统计在会议公布股权数之内的股 东或股东代理人，不参加表决和发言。 三、请参加人员自觉遵守会场秩序，进入会场后，请关闭手机或调至振动状 态。 四、股东在会议召开期间准 ...

Summary of Conference Call for Jiangshan Oupai Company Overview - Jiangshan Oupai reported a revenue of approximately 400 million yuan in Q1 2025, indicating a slight profit status, showcasing initial profitability [2][3] Core Products and Market Performance - The core product is the molded door, with a gross margin of about 21%, surpassing the industry average of 18%, indicating a competitive advantage [2][4] - The solid wood composite door business has significantly declined due to the impact of Evergrande, with revenue dropping from over 300 million yuan in 2023 to around 150 million yuan in 2024, leading to a decrease in gross margin for this category [2][4] Channel Development - The agency channel grew by 14% year-on-year in 2024, while the foreign trade export channel saw nearly a 100% increase in Q1 2025, reflecting positive channel expansion results [2][5] - The franchise channel generated over 100 million yuan in revenue in 2024, with a gross margin exceeding 90%, making it a key focus for the company [2][6] Overseas Business Expansion - Overseas business primarily exports to countries such as Saudi Arabia, Romania, Southeast Asia, Africa, and the UAE, closely aligned with "Belt and Road" countries [2][7] - A local service company was established in Saudi Arabia to enhance installation and after-sales services, with expectations for overseas business performance to exceed last year's results [2][7] Cost and Pricing Dynamics - The decline in raw material prices positively impacts costs; however, a decrease in certain categories or channels may lead to increased fixed cost allocation, affecting overall costs [2][11] - The company has a total production capacity of approximately 10 billion yuan (under a two-shift system), with high capacity utilization at the headquarters in Quzhou, while the industry faces overall overcapacity [2][12] Financial Performance and Risk Management - For the full year of 2024, the company expects total revenue of about 3 billion yuan and a profit of around 100 million yuan, including 140 million yuan in impairments, primarily from Evergrande [3] - Most accounts receivable have been fully provisioned, with a low risk of asset impairment due to effective management of receivables [2][15] Domestic Market and Policy Impact - Domestic demand showed signs of improvement in Q2 2025, with recent subsidy policies potentially having a positive impact on certain building materials, although the company does not mandate dealer participation [9][10] Production Goals and Strategy - The company does not set quantitative production targets for 2025 but focuses on collaborating with quality cash-and-carry businesses and developing non-residential projects within the agency channel [14]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603208 证券简称：江山欧派 公告编号：2025-023 债券代码：113625 债券简称：江山转债 江山欧派门业股份有限公司 关于2024年度暨2025年第一季度业绩说明会召开情况的 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。 江山欧派门业股份有限公司（以下简称"公司"或"江山欧派"）于2025年5月6日（星期二）上午11:00- 12:00在上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/）以网络文字互动的方式召 开"2024年度暨2025年第一季度业绩说明会"。关于本次业绩说明会的召开事项，公司已于2025年4月24 日在上海证券交易所网站（www.sse.com.cn）及公司其他指定信息披露媒体披露了《江山欧派关于召开 2024年度暨2025年第一季度业绩说明会的公告》（公告编号：2025-009）。现将本次说明会召开情况公 告如下： 一、本次说明会召开情况 2025年5月6日，公司董事长吴水根先生、财 ...

一、本次说明会召开情况 | 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-023 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 关于2024年度暨2025年第一季度业绩说明会召开情况 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。 江山欧派门业股份有限公司（以下简称"公司"或"江山欧派"）于2025年5 月6日（星期二）上午11:00-12:00在上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/）以网络文字互动的方式召开"2024年度暨2025 年第一季度业绩说明会"。关于本次业绩说明会的召开事项，公司已于2025年4 月24日在上海证券交易所网站（www.sse.com.cn）及公司其他指定信息披露媒体 披露了《江山欧派关于召开2024年度暨2025年第一季度业绩说明会的公告》（公 告编号：2025-009）。现将本次说明会召开情况公告如下： 2025年5月6日， ...