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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (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 | 202 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 215,276,538 | | 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 | 47.0450 | | 份总数的比例（%） | | (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。 证券代码：603341 证券简称：龙旗科技 公告编号：2025-063 上海龙旗科技股份有限公司 2025年第三次临时股东大会决议公告 本次会议由公司董事会召集，董事长杜军红先生主持了会议。本次会议的召 集、召开和表决均符合《公司法》等有关法律、法规、规章及《公司章程》的规 定。 (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事7人，出席7人，逐一说明未出席董事及其理由；是否是上市 ...

上海龙旗科技股份有限公司监事会 关于 2025 年限制性股票激励计划首次授予部分 激励对象名单（授予日）的核查意见 上海龙旗科技股份有限公司（以下简称"公司"）监事会根据《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》"）、《上市公司股权激励管理办法》（以下简称"《管理办 法》"）等有关法律、法规及规范性文件和《公司章程》的规定，对公司 2025 年限制性股票激励计划（以下简称"本激励计划"）首次授予部分激励对象名单 （授予日）进行审核，发表核查意见如下： 1、除 2 名激励对象因从公司离职而不再符合激励资格，8 名激励对象因个 人原因放弃全部限制性股票外，公司本激励计划首次授予部分激励对象人员名单 与公司 2025 年第三次临时股东大会批准的《上海龙旗科技股份有限公司 2025 年限制性股票激励计划（草案）》规定的激励对象条件相符，激励对象不包含独 立董事、监事、单独或合计持有公司 5%以上股份的股东或实际控制人及其配偶、 父母、子女。 2、本次获授权益的激励对象不存在《管理办法》规定的不得成为激励对象 的以下情形： （1）最近 12 个月内被证券交易所 ...

证券代码：603341 证券简称：龙旗科技 公告编号：2025-066 上海龙旗科技股份有限公司 第四届监事会第六次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 上海龙旗科技股份有限公司（以下简称"公司"）第四届监事会第六次会议 于2025年5月26日以现场方式召开。本次会议通知已于2025年5月21日以电子邮件 方式发出。会议由监事会主席覃艳玲女士主持，会议应到监事3人，实到监事3 人，公司部分高级管理人员列席会议。本次会议的召集、召开符合有关法律、行 政法规、部门规章、规范性文件和《上海龙旗科技股份有限公司章程》（以下简 称"《公司章程》"）的规定，表决形成的决议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于调整公司 2025 年限制性股票激励计划相关事项的议 案》 公司监事会认为：本次对 2025 年限制性股票激励计划（以下简称"本激励计 划"）相关事项的调整符合《上市公司股权激励管理办法》（以下简称"《管理 办法》"）等相关法律法规的规定以及公司《2025 年限制性股 ...

上海龙旗科技股份有限公司董事会薪酬与考核委员会 关于 2025 年限制性股票激励计划首次授予部分 激励对象名单（授予日）的核查意见 上海龙旗科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员会 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》"）、《上市公司股权激励管理办法》（2025 年修正）（以下简称"《管理办法》"）等有关法律、法规及规范性文件和《公 司章程》的规定，对公司 2025 年限制性股票激励计划（以下简称"本激励计划"） 首次授予部分激励对象名单（授予日）进行审核，发表核查意见如下： 1、除 2 名激励对象因从公司离职而不再符合激励资格，8 名激励对象因个 人原因放弃全部限制性股票外，公司本激励计划首次授予部分激励对象人员名单 与公司 2025 年第三次临时股东大会批准的《上海龙旗科技股份有限公司 2025 年限制性股票激励计划（草案）》规定的激励对象条件相符，激励对象不包含独 立董事、监事、单独或合计持有公司 5%以上股份的股东或实际控制人及其配偶、 父母、子女。 2、本次获授权益的激励对象不存在《管理办法》规定的不得成为激励对象 ...

Core Viewpoint - Longqi Technology (603341) is facing a decline in stock price following the announcement of its plan to list H-shares in Hong Kong, raising concerns about potential share dilution while some investors remain optimistic about the company's global strategy [1][2]. Group 1: Stock Performance and Trading Activity - On May 23, 2025, Longqi Technology's stock closed at 38.02 yuan, down 3.65% from the previous day, hitting a new low for the year [1]. - A block trade occurred where an institutional seller sold 200,000 shares at a price of 37.64 yuan, representing a 1% discount to the closing price, accounting for 4.48% of the day's trading volume [1][2]. Group 2: Financial Performance and Future Outlook - Longqi Technology reported a 70.62% year-on-year increase in revenue for 2024, reaching 46.382 billion yuan, but the net profit attributable to shareholders decreased by 17.21% to 501 million yuan [1]. - In Q1 2025, the company's net profit rebounded by 20.3% to 154 million yuan [1]. - The company, which went public on the A-share market in March 2024, has a current market capitalization of 17.683 billion yuan and a dynamic P/E ratio of 28.68 [1]. Group 3: Business Operations and Clientele - Longqi Technology operates in the ODM sector for smart products, with a diverse portfolio including smartphones, AIPC, and automotive electronics, serving major clients such as Xiaomi, Samsung, and Honor [1]. - The company has established production bases in Vietnam and India, which are expected to handle orders for AR glasses and smartphones, with significant growth anticipated in AIPC and automotive electronics by 2027 [1].

Core Viewpoint - Longqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange, despite having just raised 1.56 billion yuan in its A-share IPO in March 2024, raising questions about the necessity of this move given its substantial cash reserves [1][2][4]. Financial Position - As of the end of Q1 2025, Longqi Technology reported cash and cash equivalents of 7.878 billion yuan and trading financial assets of 1.349 billion yuan, totaling 9.227 billion yuan, which covers its interest-bearing liabilities of 3.073 billion yuan [2][3]. - The company's cash flow from operating activities for 2022, 2023, and 2024 was 1.471 billion yuan, 1.466 billion yuan, and 1.026 billion yuan, respectively, all exceeding net profit for the same periods [2]. Debt Coverage - Longqi Technology's total interest-bearing liabilities, including short-term loans and long-term borrowings, amounted to 3.073 billion yuan, which is fully covered by its cash reserves, leaving approximately 6 billion yuan in surplus [3][4]. Revenue and Profitability - In 2024, Longqi Technology achieved revenue of 46.382 billion yuan, a year-on-year increase of 70.62%, but its net profit attributable to shareholders decreased by 17.21% to 501 million yuan [5]. - The company's accounts receivable increased significantly, reaching 11.644 billion yuan by the end of 2024, with a bad debt provision of only 8.07 million yuan, resulting in a low provision ratio of approximately 0.07% [7][10]. Accounts Receivable Management - Longqi Technology's accounts receivable turnover ratio for 2022, 2023, and 2024 was 4.77, 3.73, and 4.46 times, respectively, which is lower than its peers [12]. - The company has a significantly lower bad debt provision ratio compared to comparable companies, which averaged around 0.90% to 0.64% during the same period [7][10]. Strategic Intent - The rationale behind the H-share issuance is to enhance capital strength, improve competitiveness, and support the company's globalization strategy [4].

Core Viewpoint - Longqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance capital strength, competitiveness, and international brand image, while advancing its globalization strategy [1] Financial Performance - In 2024, Longqi Technology achieved revenue of 46.382 billion yuan, a significant increase of 70.62% year-on-year, driven by the growth in smartphone, AIoT products, and tablet businesses [2] - Smartphone revenue reached 36.133 billion yuan, accounting for 77.9% of total revenue, with a year-on-year growth of 65.58% and a shipment of 107 million units, maintaining the top position in the global ODM market [2] - AIoT business revenue surged by 121.99% to 5.573 billion yuan, with over 29 million wearable devices shipped, leading in global market share [2] - Despite high revenue growth, net profit declined by 17.21% to 501 million yuan, indicating a core contradiction of "increasing revenue without increasing profit" [2] - The overall gross margin fell from 9.95% in 2023 to 6.08% in 2024, reflecting cost pressures and intensified market competition [2] Research and Development - In 2024, R&D expenses amounted to 2.08 billion yuan, representing 4.48% of revenue, with a focus on emerging fields such as AI PC and automotive electronics, although the R&D ratio is below the industry average of 7%-10% [3] - The establishment of overseas manufacturing bases in Vietnam and India has increased operational costs, leading to a 29.99% year-on-year decline in net cash flow from operating activities to 1.026 billion yuan [3] IPO Strategy and Potential Value - The core objectives of the H-share IPO include alleviating funding pressure, enhancing international brand strength, and optimizing the equity structure by attracting international institutional investors [4] - 78.6% of the 1.56 billion yuan raised from the A-share IPO has been invested in expanding smart manufacturing bases, while ongoing global capacity and R&D investments are needed [4] Business Synergy and Growth Points - Longqi Technology has made breakthroughs in automotive electronics, securing projects with NIO and Dongfeng Electric Drive, with plans to increase overseas automotive electronics orders to 30% by 2025 [5] - The company is developing AI PC products based on the X86 platform in collaboration with Microsoft and Intel, expecting double-digit growth in shipments by 2025 [6] Sustainability of Profitability - In Q1 2025, revenue was 9.378 billion yuan, a year-on-year decline of 9.27%, with a non-deductible net profit of 61 million yuan, down 28.95%, indicating weak demand for smartphones and a slowdown in AIoT business growth [7] - Concerns include the long-term ceiling of the ODM model with gross margins below 10% and high customer concentration risk, as the top five customers contribute over 80% of revenue [7] - The low gross margin of 1.19% from overseas operations in 2024 raises questions about the sustainability of scale expansion [7]

Group 1 - The company announced the approval of the proposal to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and international brand image [1][3] - The company aims to meet the needs of its international business development and advance its globalization strategy through this issuance [1] - The company was established in 2002 and operates in the smart product ODM industry, with major clients including Xiaomi, Samsung, Huawei, Lenovo, Honor, OPPO, vivo, and others [1] Group 2 - In 2024, the company achieved a revenue of 46.382 billion yuan, representing a year-on-year increase of 70.62%, while the net profit attributable to shareholders decreased by 17.21% to 0.501 billion yuan [2] - For the first quarter of 2025, the company reported a revenue of 9.378 billion yuan and a net profit of 0.154 billion yuan, showing a year-on-year increase of 20.3% [2]

Core Viewpoint - Longqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and global competitiveness, following its A-share IPO just one year ago [1][2][6] Group 1: Company Overview - Longqi Technology is an ODM manufacturer specializing in smart products, providing comprehensive services to leading global consumer electronics brands such as Xiaomi, Samsung, and Huawei [6] - The company has established manufacturing bases in Huizhou and Nanchang in China, and is expanding its production capabilities in Vietnam and India [8] Group 2: Financial Performance - In 2024, Longqi Technology reported revenue of 46.382 billion yuan, a year-on-year increase of 70.62%, but net profit decreased by 17.21% to 501 million yuan, indicating revenue growth without profit increase [1][7] - The company's overseas sales reached 14.709 billion yuan, a significant increase of 288.42%, accounting for approximately 31.7% of total revenue, although the gross margin was only 1.19%, down 9.7 percentage points [1][7] Group 3: IPO and Fund Utilization - Longqi Technology raised a total of 1.56 billion yuan through its A-share IPO, with a net amount of 1.44 billion yuan after expenses, which has been allocated to various projects including manufacturing and R&D [4] - As of the end of 2024, the investment progress of the IPO projects was approximately 78.6%, with specific projects showing varying levels of completion [4] Group 4: Market Trends - The trend of "A+H" listings has gained momentum since 2025, with over 20 companies planning to list in Hong Kong, indicating a growing interest in dual listings among Chinese firms [2][3]

Group 1 - Shouhui Group has officially launched its IPO, offering approximately 24.36 million shares at a price range of HKD 6.48 to HKD 8.08 per share, with a listing date expected on May 30 [1] - The funds raised from the IPO will be used for optimizing the sales network, R&D investment, and acquisitions, which will enhance the company's market competitiveness and business scale [1] Group 2 - Heng Rui Pharmaceutical's shares surged by 32.24% in the dark market, closing at HKD 58.25 after an initial offering price of HKD 44.05, indicating strong market confidence in its future [2] - The company reported a revenue of 27.985 billion yuan for 2024, a year-on-year increase of 22.63%, and a net profit of 6.337 billion yuan, up 47.28% from the previous year [2] Group 3 - Wei Hong Group Holdings expects a net loss of approximately 48.5 million Macanese Patacas for the fiscal year 2024, compared to a net loss of about 27.8 million Macanese Patacas in 2023, attributed to a decline in revenue [3] - The group's revenue for the reporting year is expected to be around 9.7 million Macanese Patacas, down from approximately 105.8 million Macanese Patacas in the previous year [3] Group 4 - Longqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and international brand image, supporting its global business development [4] - The issuance will be subject to approval from the shareholders' meeting and relevant government and regulatory bodies [4] Group 5 - The Hang Seng Index closed at 23,544.31, down 1.19%, while the Hang Seng Tech Index fell by 1.70% to 5,251.75 [5] - The Yuqi Index also decreased by 1.19%, closing at 8,557.64 [5]