Summary of the Conference Call for Zhejiang Xiantong Company Overview - **Company**: Zhejiang Xiantong - **Industry**: Automotive components, specifically focusing on sealing systems for vehicles Key Points Order Acquisition and Growth - As of May 2023, the company has already surpassed its total order acquisition for the entire previous year, with expectations to achieve double the orders compared to last year [1][3] - The company is intensifying its order acquisition efforts, focusing on securing more components per vehicle, which is expected to enhance revenue [2] - A year-on-year increase of approximately 20% in order acquisition is noted, indicating a shift from a conservative growth strategy to a more aggressive one [3] Revenue Projections - Revenue from current orders is anticipated to significantly increase in 2 to 3 years, aligning with the typical development cycles of electric and traditional vehicles [4][5] - The company is expanding its client base, particularly with new customers in the electric vehicle sector, such as Xiaomi, and increasing orders from established clients like Geely and Chery [6] Market Dynamics - The company is experiencing a shift in order distribution, with a notable increase in orders from European and American manufacturers, particularly due to the economic struggles of previous suppliers [6][19] - The competitive landscape is characterized by a mix of foreign and joint venture companies, with over 50% of the market share held by these entities [17] Financial Performance - The company has reported a significant increase in gross margin, with expectations to maintain a gross margin between 38% to 40% moving forward [22] - The current pricing environment for new orders is favorable due to high raw material costs, which are expected to stabilize or decrease, potentially enhancing profit margins [13][20] Product Development and Innovation - The company is focusing on developing new products, including frameless doors, which are gaining traction in the market [9][12] - There is a strategic emphasis on expanding the production of aluminum alloy components, which are increasingly integrated into their sealing systems [33][34] Future Outlook - The company is cautious about international expansion, preferring to solidify its domestic market position before considering overseas ventures [30] - There are ongoing discussions regarding potential mergers and acquisitions, particularly targeting foreign sealing companies facing challenges in the Chinese market [28][29] Additional Insights - The company is maintaining a high standard for client selection, focusing on long-term viability and sustainability of new clients [12] - The impact of rising shipping costs on raw material procurement is considered minimal due to existing inventory strategies [25][26] This summary encapsulates the key insights and projections discussed during the conference call, highlighting the company's strategic direction, market positioning, and financial outlook.

Summary of Conference Call Company/Industry Involved - The conference call is related to Guoyuan Securities Core Points and Arguments - Guoyuan Securities emphasizes that the meeting does not constitute investment advice for participants [1] - Participants are advised to fully understand various investment risks and make independent investment decisions based on their own circumstances [1] - The intellectual property of the meeting content is solely owned by Guoyuan Securities, and prior written permission is required for any use [1] Other Important but Possibly Overlooked Content - The company highlights the importance of understanding investment risks, indicating a focus on investor education [1] - The legal disclaimer suggests a cautious approach to investment discussions, which may reflect the current market conditions [1]

Group 1: Investor Relations Activities - The company conducted specific investor research activities, including site visits and online meetings [2] - Participating institutions included various funds and automotive companies, indicating broad interest in the company's performance [2] Group 2: Product Development - The company plans to produce or has already produced several frameless models, including Zeekr 001, Zeekr 007, and models developed in collaboration with Huawei and Chery, as well as BAIC [3] Group 3: Future Planning and Capacity Expansion - Over the next five years, the company aims to leverage its cost control and technological advantages to capture market share among leading automotive manufacturers [4] - The company plans to establish advanced production capacity of 2.5 billion within three years to meet anticipated business growth [4] - The company is seeking to acquire approximately 90 acres of land for future expansion, targeting a total production capacity of 4 billion [4]

证券代码：603239 证券简称：浙江仙通 公告编号：2024-015 浙江仙通橡塑股份有限公司 2023 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 0.32 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 | 2024/5/22 | － | 2024/5/23 | 2024/5/23 | 差异化分红送转： 否 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 2024 年 5 月 8 日的 2023 年年度股东大会审议通过。 本次利润分配以方案实施前的公司总股本 270,720,000 股为基数，每股派发现金红利 0.32 元（含税），共计派发现金红利 86,630,400.00 元。 1. 发放年度：2023 年年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权 ...

Summary of Conference Call Transcript Company Overview - The company discussed is a leading manufacturer of automotive sealing strips, identified as "Xingtong" [1] Key Points and Arguments - The company has established a strong brand presence through its specialized manufacturing techniques, which are expected to enhance its attractiveness in the market [1] - Since its listing on December 30, 2016, the company has raised a total of 4.6 billion, with actual funds amounting to 4.2 billion [1] Additional Important Content - The company is focused on steady growth and aims to advance into the top five players in its industry [1]

法律意见书 浙江天册律师事务所 关于 浙江仙通橡塑股份有限公司 2023 年年度股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于浙江仙通橡塑股份有限公司 2023 年年度股东大会的 法律意见书 编号：TCYJS2024H0540 号 致：浙江仙通橡塑股份有限公司 浙江天册律师事务所（以下简称"本所"）接受浙江仙通橡塑股份有限公司 （以下简称"浙江仙通"或"公司"）的委托，指派本所律师参加公司 2023 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《上市公司股东大会 规则》（以下简称"《股东大会规则》"）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 ...

2023 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： 证券代码：603239 证券简称：浙江仙通 公告编号：2024-014 浙江仙通橡塑股份有限公司 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 11 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 113,485,500[注] | | 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 | 41.9199 | | 份总数的比例（%） | | 注：根据相关约定，李起富先生持有的 67,680,000 股股份放弃表决权，不计入 有表决权的股份总数。 (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。 (一) 股东大会召开的时间：2024 年 5 月 8 日 (二) 股东大会召开的地点：浙江省仙居县现代工业集聚区浙江仙通办公楼五 楼会议室 (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： 本次会议由公司董 ...

Summary of Conference Call Company and Industry - The document discusses a leading company in the automotive industry, specifically referring to it as a "龙头企业" (leading enterprise) in the automotive sector [1]. Core Points and Arguments - The company emphasizes that spring symbolizes a new beginning for its valuation and overall development, indicating a positive outlook for future growth [1]. - The company highlights its unique approach and brand strategy, which is expected to attract more interest and appeal to stakeholders [1]. - The company asserts its commitment to steady progress, stating that it is consistently working towards reaching the top of the industry [1]. Other Important Content - The mention of "汽车蜜蜂桥" (automotive bee bridge) suggests a potential innovative concept or strategy that the company is implementing, although further details are not provided [1].

Company Assurance - The company corrected the previous statement regarding the assurance of the annual report's authenticity, confirming that more than half of the directors can guarantee its accuracy[2] - The correction does not impact the company's financial status or operating results for the year 2023[2] - The corrected annual report will be disclosed on the Shanghai Stock Exchange website[2]

Financial Performance - The company's operating revenue for 2023 reached RMB 1,065,755,563.97, representing a year-on-year increase of 13.81% compared to RMB 936,444,180.90 in 2022[21]. - The net profit attributable to shareholders for 2023 was RMB 151,036,619.47, up 19.68% from RMB 126,195,481.43 in the previous year[21]. - The cash flow from operating activities increased significantly to RMB 187,431,789.90, a 175.41% rise from RMB 68,055,479.09 in 2022[21]. - The total assets of the company at the end of 2023 were RMB 1,430,035,612.52, reflecting a 13.75% increase from RMB 1,257,147,963.08 in 2022[21]. - The company's net assets attributable to shareholders increased to RMB 1,072,808,360.44, a 6.65% rise from RMB 1,005,923,677.34 in the previous year[21]. - Basic earnings per share for 2023 were RMB 0.56, representing a 19.15% increase from RMB 0.47 in 2022[22]. - The weighted average return on equity for 2023 was 14.63%, an increase of 2.00 percentage points from 12.63% in 2022[23]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 3.20 per 10 shares, totaling RMB 86,630,400.00 for the year[6]. - The company plans to distribute a cash dividend of ¥0.32 per share in 2024, reflecting a commitment to shareholder returns[33]. - The company’s 2023 profit distribution plan has been approved, maintaining the same dividend per share as the previous year[106]. - The cash dividend per 10 shares is set at 3.20 RMB (including tax)[110]. - The company declared a cash dividend of 86,630,400.00 RMB, which accounts for 57.36% of the net profit attributable to ordinary shareholders in the consolidated financial statements[110]. Market and Industry Insights - The automotive market in China saw a total production and sales volume of 30.16 million vehicles in 2023, with a year-on-year growth of 11.6% and 12% respectively[31]. - New energy vehicle sales in China reached 949.5 thousand units, a year-on-year increase of 37.9%, capturing a market share of 31.6%[31]. - The automotive sealing strip industry is characterized by strong customization demands, with foreign brands still holding significant market share, but domestic brands are gaining traction due to cost pressures[39]. Research and Development - Research and development expenses increased by 20.38% to CNY 43,775,579.31, indicating a focus on innovation and product development[51]. - The company holds 31 patents related to core technologies, including 8 invention patents, and has achieved domestic leadership in several technical areas[42]. - The company has developed new products in response to market demands, maintaining high profit levels through close collaboration with automotive manufacturers[42]. - The number of R&D personnel was 255, accounting for 13.03% of the total workforce[59]. Operational Efficiency - The company has implemented advanced information systems such as ERP and MES to improve production efficiency and reduce fuel costs, leading to a notable increase in smart manufacturing capabilities[37]. - The company maintained a self-manufacturing rate of over 90% for tooling and molds, significantly reducing costs and improving gross profit margins[44]. - The company adopted a flexible production model combining push and pull strategies, improving production efficiency and reducing waste[44]. Governance and Compliance - The board of directors and supervisory board operate independently, ensuring no interference from the controlling shareholder in decision-making processes[82]. - The company emphasizes transparency in information disclosure, adhering to principles of fairness and accuracy[81]. - The independent directors actively participate in decision-making and training, enhancing governance quality[81]. - The company has established specialized committees under the board, including the remuneration and audit committees, to improve governance structure[82]. - The company has not reported any significant differences in governance practices compared to regulatory requirements[82]. Environmental and Social Responsibility - The company invested 256.46 million RMB in environmental protection during the reporting period[115]. - The company reduced carbon emissions by 1,272.11 tons through various measures, including the establishment of a photovoltaic power generation base[118]. - The total photovoltaic power generation reached 1,808,258 kWh in 2023[118]. - The company has complied with all relevant environmental protection laws and regulations, ensuring that production activities do not significantly impact the surrounding environment[116]. Future Outlook - The company aims to establish 2.5 billion advanced production capacity within three years to meet future explosive business growth[75]. - The company plans to enhance its market position by leveraging its technological advantages and cost control to deepen cooperation with high-quality customers[76]. - The company is focused on expanding its market share in the high-end foreign customer supply chain and deepening its penetration into leading NEV manufacturers[74]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[171].