Core Viewpoint - The company is utilizing idle self-owned funds to invest in financial products to enhance capital efficiency and generate additional returns for the company and its shareholders [1][3]. Investment Overview - Total investment amount is 110 million yuan [1][3]. - The funds used for purchasing financial products are temporarily idle self-owned funds [1]. - The company has received approval from the shareholders' meeting to use up to 300 million yuan of idle self-owned funds for financial product investments [3][4]. Financial Product Details - The financial products are non-principal guaranteed floating income types, which do not guarantee the principal and returns [5]. - The company has invested in various financial products with different yields and durations, including: - 1 million yuan in a product with a yield of 3.30% for 385 days [2]. - 1 million yuan in another product with a yield of 3.40% for 366 days [2]. - 1 million yuan in a product with a yield of 3.20% for 181 days [2]. Risk Management - The company has established internal controls for the risks associated with the financial products, including the appointment of personnel to estimate and predict the performance of the products [4][5]. - The company plans to take timely measures to safeguard funds and control investment risks [5]. Financial Impact - The investment of idle self-owned funds in financial products is not expected to significantly impact the company's main business, financial status, or operating results [6][7]. - The total assets of the company are 160,403 million yuan, with a debt ratio of 28.12% and a liquidity ratio of 3.00 [6][7]. - The investment amount of 110 million yuan represents 157.23% of the company's cash at the end of the last reporting period [6]. Historical Investment Performance - In the past twelve months, the company has invested a total of 300 million yuan in financial products, with 100 million yuan returned and a total yield of 636,327.34 yuan [7]. - The highest single-day investment in the last twelve months was 265 million yuan, representing 27.01% of the company's net assets [7].

证券代码：603488 证券简称：展鹏科技 公告编号：2025-029 展鹏科技股份有限公司 关于使用闲置的自有资金购买理财产品的进展公告 为提高公司资金使用效率，在不影响公司正常经营的情况下，合理利用部分闲置自有资 金进行现金管理，增加资金收益，为公司及股东获取更多的投资回报。 （二）投资金额： 本次投资金额合计 11,000 万元。 （三）资金来源 本次购买理财产品使用的资金为公司暂时闲置的自有资金。 （四）委托理财产品的基本情况： 单位：万元 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个别及连带责任。 重要内容提示： 一、投资情况概述 （一）投资目的： 投资种类：委托理财 投资金额：合计 11,000 万元 已履行的审议程序：展鹏科技股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日召开了第四届董事会第十八次会议和第四届监事会第十六次会议，于 2025 年 5 月 20 日召开了 2024 年年度股东大会，审议通过了《关于使用闲置的自有资金 购买理财产品的议案》。同意公司以不超过人民币 30,000 万元的自有闲 ...

Core Viewpoint - The announcement details the performance commitment and compensation agreement between the company and Beijing Lingwei Junrong Technology Co., Ltd, highlighting the unmet profit targets for 2024 and the subsequent compensation actions taken by the performance guarantors [1][2][3] Performance Commitment Overview - The performance commitment agreement stipulates that the net profit for Lingwei Junrong from 2024 to 2027 should be no less than RMB 41 million, RMB 70 million, RMB 83 million, and RMB 93 million respectively, totaling at least RMB 287 million [2] Performance Completion Status - An audit by Tianzhi International Accounting Firm revealed that Lingwei Junrong achieved a net profit of RMB 24,270,514.90 for 2024, which is 59.20% of the committed target of RMB 41 million, resulting in a shortfall [2] - The compensation amount due from the performance guarantors is calculated to be RMB 16,952,687.06 [2] Compensation Progress - The company has formally urged the performance guarantors to fulfill their obligations, and it has been agreed that the compensation will be made in the form of equity [3] - The performance guarantors have transferred the corresponding equity to the company, completing the necessary registration procedures, resulting in the company holding 44.04% of Lingwei Junrong's equity and 70.41% of the voting rights [3]

公司于 2024 年 4 月 28日召开第四届董事会第十二次会议及第四届监事会第十一次会议， 于 2024 年 6 月 11 日召开 2024 年第一次临时股东大会，审议通过了《关于以现金方式收购 领为军融 30.79%股权的议案》等相关议案，并于 2024 年 4 月 28 日与贾磊、郝利辉、宁波 领擎、宁波领诺(合称"业绩承诺方"或"补偿义务人")签订了《展鹏科技股份有限公司与 北京领为军融科技有限公司之业绩承诺及补偿协议》(以下简称"《业绩补偿协议》"。 证券代码：603488 证券简称：展鹏科技 公告编号：2025-028 展鹏科技股份有限公司 关于北京领为军融科技有限公司业绩承诺方 完成业绩补偿的公告 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个别及连带责任。 一、业绩承诺基本情况 根据《业绩补偿协议》约定，业绩承诺方同意并承诺 2024 年度至 2027 年度，北京领为 军融科技有限公司（以下简称"领为军融"）应予实现的税后净利润（净利润指标的公司合 并口径扣除非经常性损益后归属于母公司股东的净利润，下同）分别不低于人民币 ...

证券代码：603488 证券简称：展鹏科技 公告编号：2025-027 展鹏科技股份有限公司 2024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0.03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 | 2025/7/4 | － | 2025/7/7 | 2025/7/7 | 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2025 年 5 月 20 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本291,990,440股为基数，每股派发现金红利0.03 元（含税），共计派发现金红利8,7 ...

Core Viewpoint - The acquisition of Lingwei Junrong by Zhangpeng Technology at a 3.5 times premium has led to significant challenges, with the first year post-acquisition resulting in unmet performance commitments and substantial goodwill impairment [1][2][3] Group 1: Acquisition Performance - Zhangpeng Technology completed the acquisition of Lingwei Junrong in August 2024, with performance commitments set for net profits from 2024 to 2027 totaling 41 million, 70 million, 83 million, and 93 million yuan respectively [1] - In 2024, Lingwei Junrong achieved a net profit of 24.27 million yuan, resulting in a performance completion rate of only 59.2% [2] - The company recorded a goodwill impairment of 5.19 million yuan against the 271.27 million yuan goodwill generated from the acquisition [2] Group 2: Financial Performance - Zhangpeng Technology's revenue grew from less than 300 million yuan at its IPO in 2017 to 503 million yuan in 2023, but net profits have remained below 100 million yuan in most years, with a significant drop of 87.8% in 2024 to less than 10 million yuan [3][4] - The company reported a total revenue of 46.91 million yuan in 2024, with the fourth quarter contributing 49.54% of the annual revenue, primarily driven by military simulation business [4][5] Group 3: Shareholder Concerns - A 16.95 million yuan equity compensation plan has raised concerns among minority shareholders, as it appears to exchange control for risk [1][7] - The acquisition process faced scrutiny regarding the valuation methods used, with a significant discrepancy between asset-based and income-based valuations leading to questions about the fairness of the transaction [7][8] - The company plans to seek compensation from Lingwei Junrong's management in the form of equity, which may increase control but also exposes the company to future performance risks [9][10]

Core Viewpoint - The independent directors of the company provided their opinions regarding the inquiry letter from the Shanghai Stock Exchange, focusing on the performance commitment related to the acquisition of Lingwei Junrong and the subsequent goodwill impairment [1][2]. Group 1: Performance Commitment Issues - The company entered into a performance commitment agreement with Lingwei Junrong, stipulating net profit targets for the years 2024 to 2027, with amounts of 41 million, 70 million, 83 million, and 93 million yuan respectively [1]. - In the reporting period, Lingwei Junrong achieved a net profit of 24.27 million yuan, resulting in a commitment completion rate of only 59.20%, indicating a failure to meet the performance commitment in the first year post-acquisition [1]. - The company recognized a goodwill impairment of 5.19 million yuan related to the acquisition, with a total goodwill of 271.27 million yuan [1]. Group 2: Inquiry Response and Compensation - The company was asked to explain the reasons and rationality behind Lingwei Junrong's failure to meet performance commitments, including an assessment of prior profit forecasts and acquisition valuations [2]. - The independent directors stated that the choice to seek compensation from the performance commitment party in the form of equity was based on the company's growth pressures in its existing elevator parts business and a positive outlook on the military simulation industry [2]. - The directors concluded that the compensation method and timing were in line with regulatory requirements and market practices, ensuring no harm to the interests of minority shareholders [2].

Core Viewpoint - The response from the company regarding the inquiry from the Shanghai Stock Exchange highlights the challenges faced by the company in meeting performance commitments after acquiring Lingwei Junrong, with a significant shortfall in net profit for 2024 compared to the promised figures [2][3][16]. Group 1: Performance Commitments and Financial Results - The company entered into a performance commitment agreement with Lingwei Junrong, stipulating net profits of 41 million, 70 million, 83 million, and 93 million yuan for the years 2024 to 2027, respectively [3][28]. - In 2024, Lingwei Junrong achieved a net profit of 24.27 million yuan, representing a completion rate of only 59.20% of the commitment [3][16]. - The company recognized an impairment loss of 5.19 million yuan on goodwill amounting to 271.27 million yuan resulting from the acquisition of Lingwei Junrong [3][16]. Group 2: Industry Context and Market Dynamics - The military simulation industry is rapidly developing, driven by advancements in artificial intelligence, big data, and simulation technologies, with a focus on enhancing military equipment's intelligence and operational effectiveness [4][6]. - The industry is closely linked to national defense spending and macroeconomic policies, with growth expected during periods of strategic adjustment or international tension [5][6]. - The market for military simulation in China has grown from 58.5 billion yuan in 2018 to 95.8 billion yuan in 2023, reflecting a compound annual growth rate of 10.4% [8][10]. Group 3: Competitive Landscape and Company Position - The military simulation market features two main competitors: state-owned enterprises and private companies, with the latter increasingly gaining market share due to improved production and R&D capabilities [7][8]. - Lingwei Junrong operates in a highly competitive environment with approximately 300 companies in the military simulation sector, where state-owned enterprises hold a brand and product advantage [8][10]. - The company’s gross margin is positioned at a mid-level compared to peers, with a focus on maintaining competitive pricing and technological capabilities to enhance market position [12][13]. Group 4: Future Outlook and Strategic Initiatives - The military simulation industry is expected to continue expanding as technology matures and application scenarios broaden, providing growth opportunities for companies like Lingwei Junrong [6][10]. - The company has initiated several strategic expansions, including the establishment of new divisions and a branch office, aimed at diversifying its business and enhancing future revenue streams [15][16]. - Despite the current challenges, the demand for military simulation products is anticipated to remain strong, driven by the military's increasing emphasis on realistic training and technological integration [15][16].

证券代码：603488 证券简称：展鹏科技 公告编号：2025-026 展鹏科技股份有限公司 关于上海证券交易所对公司 2024 年年度报告 信息披露监管问询函的回复公告 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个别及连带责任。 展鹏科技股份有限公司（以下简称"公司"）于 2025 年 5 月 20 日收到上海 证券交易所下发的《关于展鹏科技股份有限公司 2024 年年度报告的信息披露监 管问询函》（上证公函【2025】0600 号）（以下简称"问询函"）。公司收到 问询函后高度重视，组织相关部门会同担任公司 2024 年度审计工作的天职国际 会计师事务所（特殊普通合伙）（以下简称"天职国际"或"年审会计师"）及 担任公司 2024 年度评估工作的沃克森（北京）国际资产评估有限公司（以下简 称"沃克森"或"评估机构"）就问询函中所涉问题进行核查落实，现就回复内 容公告如下： 一、关于分季度财务数据 报告期内，公司分季度营业收入分别为 7,315.62 万元、7,346.72 万元、 9,011.18 万元、23,240.29 万元， ...

关于《关于展鹏科技股份有限公司 2024 年年度报告的信息披露监管问 询 函 》 的 回 复 天职业字[2025]29604 号 录 lm 回复一 -1 天职国际会计师事务所 (特殊普通合伙) 关于上海证券交易所《关于展鹏科技股份有限公司 2024 年 年度报告的信息披露监管问询函》之回复 天职业字[2025]29604号 上海证券交易所上市公司管理一部: 天职国际会计师事务所(特殊普通合伙)作为展鹏科技股份有限公司(以下 简称"公司"、"上市公司"或"展鹏科技"）2024 年年审会计师,对贵所下 发的《关于展鹏科技股份有限公司 2024 年年度报告的信息披露监管问询函(上 证公函[2025]0600 号)》(以下简称"《问询函》")提及的需年审会计师发 表意见的事项进行了核查。本着勤勉尽责、诚实守信的原则,就问询函所提问题 逐项进行认真讨论、核查与落实,并逐项进行了回复说明。 关于回复内容释义、格式及补充更新披露等事项的说明: 1、如无特殊说明,本问询函回复中使用的简称或名词释义与《展鹏科技股 份有限公司 2024年年度报告》一致; 2、本问询函回复中若出现总计数尾数与所列数值总和尾数不符的情况,均 为四舍 ...