中信建投证券股份有限公司 关于浙江联翔智能家居股份有限公司 2024 年度对参股公司定向减资暨关联交易的核查意见 中信建投证券股份有限公司（以下简称"保荐机构"）作为浙江联翔智能家 居股份有限公司（以下简称"联翔股份"、"公司"）的保荐机构，根据《证券发 行上市保荐业务管理办法》《上海证券交易所股票上市规则》《上海证券交易所上 市公司自律监管指引第 1 号——规范运作》《上海证券交易所上市公司自律监管 指引第 5 号——交易与关联交易》等相关规定，对联翔股份 2024 年度关联交易 进行了审慎核查，核查情况如下： 一、关联交易概述 2023 年 9 月 20 日，公司与浙江颐核、王志荣以及浙江颐核各股东签署了《浙 江颐核医疗科技有限公司之增资协议》（以下简称"《增资协议》"），约定公司分 两期对浙江颐核合计增资 4,000 万元（其中合计 952.381 万元计入注册资本），每 一期约定向浙江颐核增资 2,000 万元（其中 476.1905 万元计入注册资本）。上述 交易发生时，浙江颐核不属于公司关联方，且上述交易金额未达到公司 2022 年 度经审计净资产的 10%。根据前述增资协议的约定，将付款日作为前 ...

目 录 | | | | 二、财务报表……………………………………………………… 第 | 7—14 | | 页 | | --- | --- | --- | --- | | （一）合并资产负债表…………………………………………… | 第 | 7 | 页 | | （二）母公司资产负债表………………………………………… | 第 | 8 | 页 | | （三）合并利润表………………………………………………… | 第 | 9 | 页 | | （四）母公司利润表………………………………………………第 | | 10 | 页 | | （五）合并现金流量表……………………………………………第 | | 11 | 页 | | （六）母公司现金流量表…………………………………………第 | | 12 | 页 | | （七）合并所有者权益变动表……………………………………第 | | 13 | 页 | | （八）母公司所有者权益变动表…………………………………第 | | 14 | 页 | 三、财务报表附注……………………………………………… 第 15—88 页 四、附件……………………………………………………………第 89—92 页 （一） ...

中信建投证券股份有限公司 关于浙江联翔智能家居股份有限公司 2024年度募集资金存放与实际使用情况的专项核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐机构"） 作为浙江联翔智能家居股份有限公司（以下简称"联翔股份"、"公司"）首次公开 发行股票的保荐机构，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》及《上海证券交易所上市公司自律监 管指引第11号——持续督导》等相关规定，对联翔股份2024年度募集资金存放与 实际使用情况进行了审慎核查，具体情况如下： 一、募集资金基本情况 （一）实际募集资金金额、募集完成时间 经中国证券监督管理委员会证监许可［2022］820号文核准，公司向社会公 众公开发行人民币普通股（A股）股票25,906,750股，每股面值1元，发行价格为 人民币13.64元/股。公司本次发行募集资金总额为人民币353,368,070.00元，扣除 承销费及保荐费合计人民币22,968,924.55元后的募集资金余额330,399,145.45元 已于2022年5 ...

浙江联翔智能家居股份有限公司 2024年度独立董事沐职报告 2024年度,本人作为浙江联翔智能家居股份有限公司(以下简称"联翔 股份"或"公司")的独立董事,在任职期间严格按照《公司法》《上市公司独 立董事管理办法》《上市公司治理准则》等相关法律法规以及《公司章程》 《独立董事工作制度》等公司有关制度的要求,诚信、勤勉、忠实地履行独 立董事职责,切实维护了公司利益和股东的合法权益。现将 2024年度履行 独立董事职责的情况报告如下: 一、独立董事基本情况 刘华先生,1974年8月生,中国国籍,博士研究生学历,无境外永久居 留权。2001年8月至今,担任上海财经大学会计学院副教授;2016年7月 至2019年3月,担任上海基美文化传媒股份有限公司独立董事;2016年10 月至 2022年 6月,担任艾尔发智能科技股份有限公司独立董事:2016年 12 月至 2022年 6 月,担任上海比路电子股份有限公司独立董事;2017年 10 月 至 2023 年 10 月,担任熊猫乳品集团股份有限公司(300898)独立董事;2018 年 9 月至 2024年 7 月,担任上海城地香江数据科技股份有限公司(603887) ...

浙江联翔智能家居股份有限公司 2024 年度独立董事述职报告 本人韩建,男,1963年4月23日出生。中国国籍,无境外永久居留权,博 士学位。2004年 4 月至 2014 年 9 月历任浙江理工大学副教授、科技处副处长、 材料与纺织学院副院长;2008年10月至 2023年 3 月,任浙江理工大学教授, 2023年4月退休。2018年10月至今,任浙江米居梦家纺股份有限公司独立董事; 2018年 10月-2024年 10月,任联翔股份独立董事。 本人于 2022 年 12 月公司召开 2022 年第三次临时股东大会后担任第三届董 事会独立董事。2024年10月,本人因任期届满原因辞去公司第三届董事会独立 董事及董事会审计委员会委员职务。第三届董事会中,三位独立董事占董事会总 人数的三分之一，符合有关法律法规和《公司章程》的规定。 作为公司独立董事,本人不存在《上市公司独立董事管理办法》、《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、规范性文件 规定的影响独立性的情况,不受公司大股东、实际控制人或其他与公司存在利害 关系的单位或个人的影响。 二、独立董事年度履职情况 (一)出席会议 ...

浙江联翔智能家居股份有限公司 2024 年度独立董事述职报告 2024年度,本人作为浙江联翔智能家居股份有限公司(以下简称"公司") 的独立董事,在任职期间严格按照《公司法》《上市公司独立董事管理办法》《上 市公司治理准则》等相关法律法规以及《公司章程》《独立董事工作制度》等公 司有关制度的要求,诚信、勤勉、忠实地履行独立董事职责,切实维护了公司利 益和股东的合法权益。现将 2024年度履行独立董事职责的情况报告如下: 一、独立董事基本情况 本人王宏宇,男,1980年出生。中国国籍,无境外永久居留权,本科学历, 中国执业律师。2003 年 12 月至 2011 年 4 月，在江苏远闻律师事务所从事律师 工作;2011年9月至今,任江苏宏润律师事务所合伙人、主任。现任常州匠心 独具智能家居股份有限公司、江苏永成汽车零部件股份有限公司独立董事。 本人于 2023年12月就任第三届董事会独立董事,三位独立董事占董事会总 人数的三分之一，符合有关法律法规和《公司章程》的规定。 在担任公司独立董事期间,本人未在公司担任除独立董事以外的任何职务, 也未在公司主要股东公司担任任何职务,与公司以及其主要股东之间不存在妨碍 本 ...

浙江联翔智能家居股份有限公司 2024 年度独立董事沐职报告 2024年度,本人作为浙江联翔智能家居股份有限公司(以下简称"公司") 的独立董事,在任职期间严格按照《公司法》《上市公司独立董事管理办法》《上 市公司治理准则》等相关法律法规以及《公司章程》《独立董事工作制度》等公 司有关制度的要求,诚信、勤勉、忠实地履行独立董事职责,切实维护了公司利 益和股东的合法权益。现将 2024年度履行独立董事职责的情况报告如下: 一、独立董事基本情况 本人陶荣生,1962年出生,中国国籍,无永久境外居留权,本科学历,高 级工程师、一级建造师。1983至1992年任上海市第三建筑工程公司技术员、项 目经理;1992年至1996年任上海市徐汇区城市建设开发总公司项目经理;1996 年至 2006年任上海城开(集团)有限公司集团本部项目一部总经理;2006年至 2007 年任上海九久广场投资开发有限公司常务副总经理;2007 年至 2009 年任昆 山城开房地产开发有限公司副总经理;2009年至2012年任上海城开晶实置业有 限公司常务副总经理,董事;2012年至2016年任上海城开龙城置业有限公司总 经理,董事;2016年 ...

一、主要会计数据和财务指标 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 浙江联翔智能家居股份有限公司回购专用证券账户 | 333.22 | 7.84 | 退出 | 三、分红送配方案情况 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.1100 | -0.1300 | 184.62 | 0.3900 | | 每股净资产（元） | 5.47 | 6.01 | -8.99 | 6.28 | | 每股公积金(元) | 3.33 | 3.33 | 0 | 3.33 | | 每股未分配利润(元) | 1.28 | 1.33 | -3.76 | 1.61 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 2.16 | 1.56 | 38.46 | 2 | | 净利润(亿元) | 0.11 | -0.13 | 184 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 41,519,277.74, representing a 52.93% increase compared to CNY 27,149,182.14 in the same period last year[4] - Net profit attributable to shareholders was CNY 285,745.26, a significant recovery from a loss of CNY 3,388,639.13 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 102,124.13, improving from a loss of CNY 4,596,473.08 year-on-year[4] - Basic and diluted earnings per share were both CNY 0.003, recovering from a loss of CNY 0.03 per share in the same period last year[6] - The weighted average return on equity increased to 0.05%, up by 0.62 percentage points from -0.57%[6] - The gross profit for Q1 2025 was RMB 240,591.79, compared to RMB -4,159,741.38 in Q1 2024, indicating a turnaround in profitability[20] - The net profit for the first quarter of 2025 was CNY 319,221.51, a significant recovery from a net loss of CNY 3,390,682.53 in the same period of 2024[22] - Operating profit for the first quarter of 2025 was CNY 1,280,035.87, compared to an operating loss of CNY 3,446,796.46 in the first quarter of 2024[21] - The company reported a total comprehensive income of CNY 319,221.51 for Q1 2025, compared to a total comprehensive loss of CNY 3,390,682.53 in Q1 2024[22] Cash Flow and Assets - The company reported a net cash flow from operating activities of -CNY 11,324,558.20, an improvement from -CNY 15,161,283.49 in the previous year[4] - Cash flow from operating activities showed a net outflow of CNY 11,324,558.20 in Q1 2025, an improvement from a net outflow of CNY 15,161,283.49 in Q1 2024[24] - As of March 31, 2025, the company had cash and cash equivalents of RMB 141,007,942.07, an increase from RMB 133,018,836.66 as of December 31, 2024[15] - Cash and cash equivalents at the end of Q1 2025 amounted to CNY 140,356,384.27, a decrease from CNY 163,214,488.83 at the end of Q1 2024[25] - The company recorded a cash inflow from investment activities of CNY 34,947,007.41 in Q1 2025, contrasting with a cash outflow of CNY 12,684,709.46 in Q1 2024[24] Shareholder Equity and Repurchase - Shareholders' equity attributable to the parent company was CNY 565,712,254.55, a slight decrease of 0.11% from CNY 566,320,369.88[6] - The company repurchased a total of 1,152,759 shares, representing 1.11% of the total share capital, with a total expenditure of RMB 17,490,619.03[13] - The company plans to repurchase shares with a total amount not less than RMB 15 million and not exceeding RMB 30 million within 12 months[13] - The highest repurchase price recorded was RMB 17.20 per share, while the lowest was RMB 13.87 per share[13] Operating Costs and Revenue - The total operating costs for Q1 2025 were RMB 41,278,685.95, up from RMB 31,308,923.52 in Q1 2024, reflecting a year-over-year increase of 31.9%[20] - Total revenue from sales of goods and services in Q1 2025 was CNY 52,326,973.00, up from CNY 29,625,446.30 in Q1 2024, indicating a growth of approximately 76.5%[23] - The increase in operating revenue was primarily driven by the expansion of the renovation service business segment[8] Assets and Liabilities - Total assets at the end of the reporting period were CNY 680,641,136.86, down 5.82% from CNY 722,737,406.81 at the end of the previous year[6] - The total assets as of March 31, 2025, amounted to RMB 680,641,136.86, down from RMB 722,737,406.81 at the end of 2024[17] - The total liabilities decreased to RMB 114,407,296.45 as of March 31, 2025, compared to RMB 155,928,927.33 at the end of 2024[17] - The company's equity attributable to shareholders was RMB 565,712,254.55 as of March 31, 2025, slightly down from RMB 566,320,369.88 at the end of 2024[17] Research and Development - Research and development expenses for Q1 2025 were CNY 1,143,039.37, a decrease from CNY 1,502,828.82 in Q1 2024, reflecting a reduction of about 24%[21] Financial Expenses - The company incurred financial expenses of CNY -80,713.62 in Q1 2025, a significant improvement from CNY -216,444.64 in Q1 2024[21]

Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling approximately 9,914,208.80 RMB based on a total share capital of 103,627,000 shares, after deducting 4,484,912 shares held in the repurchase account[5]. - The total cash dividend amount (including tax) for the year is CNY 61,481,367.83, which represents 564.13% of the net profit attributable to ordinary shareholders[135]. - The company has a cash dividend policy that mandates a minimum cash distribution of 10% of the distributable profit in the first three years post-IPO, with higher percentages based on the company's development stage[135]. - The company distributed a cash dividend of CNY 9,914,208.80, which accounts for 90.97% of the net profit attributable to ordinary shareholders in the consolidated financial statements[135]. - The average net profit over the last three accounting years is CNY -1,194,863.67, with cumulative cash dividends (including tax) amounting to CNY 25,462,286.50 during the same period[136]. Financial Performance - The company achieved operating revenue of CNY 215.56 million in 2024, a year-on-year increase of 37.83% compared to CNY 156.40 million in 2023[22]. - The net profit attributable to shareholders of the listed company was CNY 10.90 million in 2024, reversing from a loss of CNY 13.29 million in 2023[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8.68 million in 2024, compared to a loss of CNY 15.99 million in 2023[22]. - The company reported a significant decrease in net cash flow from operating activities, which was -CNY 11.29 million in 2024, down 134.68% from CNY 32.56 million in 2023[24]. - The company's total assets decreased by 2.61% to CNY 722.74 million at the end of 2024, compared to CNY 742.12 million at the end of 2023[22]. - The basic earnings per share for 2024 was CNY 0.11, compared to a loss of CNY 0.13 per share in 2023[23]. - The weighted average return on equity increased to 1.81% in 2024, up 3.85 percentage points from -2.04% in 2023[23]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the authenticity and completeness of the financial report[4]. - The company emphasizes the importance of the accuracy and completeness of the annual report, with all board members present at the meeting[3]. - The company has not reported any violations in decision-making procedures regarding external guarantees[7]. - The company has not identified any instances where more than half of the directors could not guarantee the authenticity of the annual report[7]. - The company has a robust governance structure in place, ensuring compliance with legal regulations and protecting the interests of minority shareholders[54]. Market and Business Development - The company expanded its market presence by establishing partnerships with major real estate developers and commercial clients, leading to significant growth in its decoration and renovation business[32]. - The company successfully entered platforms such as Jinjiang and Huazhu during the reporting period, enhancing its supply business for commercial wall coverings and curtains[32]. - The company launched non-fabric curtains to diversify its product offerings and meet diverse consumer demands, enhancing competitiveness in the home decoration market[33]. - The company expanded its market share in the smart curtain sector and entered a strategic partnership with GEIGER to develop a new generation of smart home curtain products[33]. - The company is a leading player in the wall fabric industry, holding significant positions in various industry associations, indicating strong market presence and influence[44]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[10]. - The company faces risks related to macroeconomic fluctuations, which could negatively impact consumer spending on its products due to a slowdown in national economic growth[94]. - The company's business is closely tied to the real estate market, and a decline in new and existing home sales could adversely affect demand for its wall decoration materials[94]. - Intense competition in the wall fabric and curtain industry, characterized by low entry barriers and product homogeneity, poses a risk to the company's profitability[94]. - The company acknowledges the potential for raw material price fluctuations to negatively affect gross margins and overall performance if costs cannot be passed on to consumers[96]. Environmental Responsibility - The company invested CNY 367,600 in environmental protection during the reporting period[142]. - The company was recognized as a key pollutant discharge unit and complied with all relevant emission standards without any environmental pollution incidents[143]. - The company has implemented measures to reduce carbon emissions, achieving a reduction of 3,209.80 tons of CO2 equivalent through distributed photovoltaic power generation[152]. - The total power generation from the photovoltaic project in 2024 is expected to be 5.5251 million kWh, saving 1,982.81 tons of standard coal compared to conventional thermal power generation[152]. - The company has established a comprehensive wastewater treatment facility that meets the standards of the "Textile Dyeing and Finishing Industrial Water Pollutants Discharge Standard" (GB4287-2012)[145]. Governance and Management - The company has a total of 306 staff, with 235 in the parent company and 71 in major subsidiaries[128]. - The employee composition includes 107 production personnel, 29 sales personnel, 32 technical personnel, 25 financial personnel, and 113 administrative personnel[128]. - The company has established a salary management system based on national laws and regulations, aiming for fairness and competitiveness in the industry[129]. - The company has proposed to revise the rules for the independent directors' work system[101]. - The company has scheduled multiple shareholder meetings to discuss various governance matters[101]. Strategic Initiatives - The company plans to expand its market presence by entering two new provinces in 2024, aiming for a 20% increase in market share[106]. - The company is investing 200 million RMB in R&D for new product development, focusing on smart home technologies[106]. - The company is exploring strategic partnerships with tech firms to enhance its product offerings and improve operational efficiency[106]. - The company plans to launch a new product line in early 2024, targeting a market segment projected to grow by 30% annually[106]. - The company has allocated significant resources towards R&D, with a budget increase of 15% for the next fiscal year[104]. Regulatory Compliance - The company received a warning letter from the China Securities Regulatory Commission for inaccurate performance forecasts and delayed corrections, impacting investor expectations[112]. - The company was criticized by the Shanghai Stock Exchange for discrepancies between expected and actual net profits, with the actual net profit being negative despite positive forecasts[113]. - The company has faced regulatory penalties in the past three years, highlighting the importance of compliance in financial disclosures[112]. - The company is actively working on improving its information disclosure practices following recent regulatory feedback[114]. - The company has committed to submitting a rectification report to the Zhejiang Regulatory Bureau in response to the warning received[112].