上海市浦东新区世纪大道 1768 号 汉盛律师大厦 上海汉盛律师事务所 关于江苏振江新能源装备股份有限公司 差异化分红事项的法律意见书 致: 江苏振江新能源装备股份有限公司 上海汉盛律师事务所 关于江苏振江新能源装备股份有限公司 差异化分红事项的法律意见书 上海汉盛律师事务所(以下简称"本所")接受江苏振江新能源装备股份有 限公司(以下简称"振江股份"或"公司")的委托,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》")、 《上海证券交易所上市公司自律监管指引第 7 号 -- 回购股份》(以下简称"《自 律监管指引第 7 号》")等法律、法规、规章和其他规范性文件以及《江苏振江新 能源装备股份有限公司章程》(以下简称"《公司章程》")的规定,就公司2024年 度利润分配(以下简称"本次利润分配")所涉及的差异化权益分派特殊除权除息(以 下简称"本次差异化分红")相关事宜出具本法律意见书。 为出具本法律意见书,本所律师根据有关法律法规、行政法规、规范性文件 的规定和本所业务规则的要求,本着审慎性及重要性原则对公司本次差异化分红 有关的文件资料和事实进行了 ...

证券代码：603507 证券简称：振江股份 公告编号：2025-041 江苏振江新能源装备股份有限公司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0.30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 | 2025/6/18 | － | 2025/6/19 | 2025/6/19 | 差异化分红送转： 是 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江苏振江新能源装备股份有限公司（以下简称"公司"）2025 年 5 月 20 日召开的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 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（公司回购专用账户除外）。 3. 差 ...

Investment Rating - The industry investment rating is maintained as "Positive" [9] Core Viewpoints - The wind power bidding data from January to May 2025 shows a prosperous trend, with a total scale of approximately 64.46 GW, reflecting a year-on-year growth of nearly 20% [9] - International bidding maintains a high growth trend, with wind turbine exports expected to activate new capacity, as April exports reached 134 million USD, a year-on-year increase of 49.31% [9] - The first quarter of 2025 saw a 22.7% increase in domestic public bidding, indicating a potential shift from a "cycle" to a growth phase for the industry [9] Summary by Sections Investment Suggestions and Targets - The land wind cycle is recovering from the bottom, with a focus on companies like Goldwind Technology (002202), Mingyang Smart Energy (601615), and others in the wind power supply chain [4] - The offshore wind cycle is poised for improvement, with recommendations for companies like Dongfang Cable (603606) and Zhenjiang Co., Ltd. (603507) [4] Industry Statistics - In Q1 2025, the domestic public bidding market added 28.6 GW, with onshore capacity at 27.8 GW and offshore at 0.8 GW, indicating a positive outlook for industry demand [9][22]

Core Insights - The company reported a total operating revenue of 3.946 billion yuan in 2024, a year-on-year increase of 2.71%, while the net profit attributable to shareholders was 178 million yuan, a decrease of 2.99% [1] - In Q1 2025, the company achieved total operating revenue of 937 million yuan, a year-on-year decline of 6.16%, and a net profit of 7 million yuan, down 88.64% [1] - The company has a strong order backlog of 2.583 billion yuan as of the end of February 2025, with wind power equipment orders accounting for 2.265 billion yuan and photovoltaic equipment orders at 106 million yuan [1] Revenue Growth and Market Performance - The company generated 3.560 billion yuan in revenue from the renewable energy sector in 2024, reflecting a year-on-year growth of 1.75%, with a gross margin of 20.67%, down 0.69 percentage points [1] - Revenue from overseas operations reached 2.942 billion yuan, an increase of 18.43%, driven by expanded channels and increased orders in North America and Europe, particularly in wind and solar products [1] Capacity Expansion and Global Strategy - The company is actively expanding its production capacity, with the first phase of the offshore wind power assembly project in Nantong completed and the second phase under construction [2] - A photovoltaic bracket factory in the U.S. has been completed and is gradually increasing capacity, while a factory in Saudi Arabia is in the commissioning phase, expected to start production in Q2 this year [2] - A new offshore wind power factory in Germany has completed initial delivery, with equipment procurement and personnel recruitment ongoing, expected to commence production in Q3 [2] - The acquisition of Danish companies NordmarkProperties ApS and Nordmark Coating Cuxhaven Properties ApS has enhanced brand recognition and expanded sales channels in Europe [2] Technological Development - The company is focusing on the development of exoskeleton robots, establishing a subsidiary dedicated to intelligent control algorithms and bionic design [2] - Four patent applications related to upper limb and waist assistive exoskeletons have been filed, with small-scale trial production and promotion expected within the year [2] Financial Projections - The company is projected to achieve revenues of 5.025 billion yuan, 6.405 billion yuan, and 7.475 billion yuan for the years 2025, 2026, and 2027, respectively, with net profits of 281 million yuan, 414 million yuan, and 555 million yuan [3] - Earnings per share (EPS) are expected to be 1.52 yuan, 2.25 yuan, and 3.01 yuan for the same years, with price-to-earnings (PE) ratios of 16, 11, and 8 [3]

Summary of Key Points Core Viewpoint - Jiangsu Zhenjiang New Energy Equipment Co., Ltd. announced that its controlling shareholder, Ms. Bu Chunhua, has pledged part of her shares, which raises concerns about the company's shareholding structure and potential liquidity issues [1][2]. Group 1: Share Pledge Details - As of the announcement date, Ms. Bu Chunhua holds 1.3 million shares, accounting for 0.71% of the total share capital of the company. After this pledge, she has pledged a total of 900,000 shares, which represents 69.23% of her holdings and 0.49% of the company's total share capital [1]. - The controlling shareholder, Mr. Hu Zhen, Ms. Bu Chunhua, and their concerted party, Jiangyin Zhenjiang Longwei Investment Enterprise (Limited Partnership), collectively hold 35.39 million shares, with a total pledge of 35.39 million shares, representing 68.64% of their holdings and 19.20% of the company's total shares [1][2]. Group 2: Pledge Risk Management - The pledged shares do not bear significant obligations related to major asset restructuring or performance compensation. The total pledged shares by the shareholders and their concerted parties amount to 51.56 million shares, which is 27.98% of the total share capital [2]. - The company states that the pledge risk is within a controllable range and will not adversely affect the company's operations or governance. There is currently no risk of forced liquidation, and if such a risk arises, the controlling shareholders will take measures such as additional pledges, margin payments, or early repayments [2].

证券代码：603507 证券简称：振江股份 公告编号：2025-040 江苏振江新能源装备股份有限公司 关于控股股东部分股份质押的公告 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。 公司控股股东、实际控制人胡震先生、卜春华女士及其一致行动人江阴 振江朗维投资企业（有限合伙）（以下简称"朗维投资"）合计持有公司股份 5,156.0262 万股，占公司总股本的 27.98%，本次质押后，胡震先生、卜春华女 士及其一致行动人朗维投资累计质押公司股份 3,539.04 万股，占其持有公司股份 的 68.64%，占公司股份总数的 19.20%。 一、股东股份质押的基本情况 | 本次 | 是否为限 | 占其 | 占公 | 是否 | 质押 | 质押 | 售股（如 | 是否 | 所持 | 司总 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | ...

上海汉盛律师事务所 关于江苏振江新能源装备股份有限公司 2024 年年度股东大会的法律意见书 致：江苏振江新能源装备股份有限公司 江苏振江新能源装备股份有限公司（以下简称"公司"）2024 年年度股东大 会（以下简称"本次股东大会"）采用现场投票与网络投票相结合的方式召开， 其中现场会议于 2025 年 5 月 20 日 13:30 在江阴市镇澄路 2608 号公司会议室召 开。上海汉盛律师事务所（以下简称"本所"）接受公司聘任，指派本所律师参 加本次股东大会现场会议，并根据《中华人民共和国公司法》《中华人民共和国 证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股 东会规则》"）以及《江苏振江新能源装备股份有限公司章程》（以下简称"《公 司章程》"）等有关规定，就本次股东大会的召集、召开程序、出席现场会议人 员的资格、召集人资格、会议表决程序及表决结果等事项出具本法律意见书。 为出具本法律意见书，本所律师审查了《江苏振江新能源装备股份有限公司 第四届董事会第八次会议决议公告》《江苏振江新能源装备股份有限公司第四届 董事会第九次会议决议公告》《江苏振江新能源装备股份有限公司第四届监事会 ...

证券代码：603507 证券简称：振江股份 公告编号：2025-039 江苏振江新能源装备股份有限公司 2024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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 20 日 (二)股东大会召开的地点：：江阴市镇澄路 2608 号江苏振江新能源装备股份有 限公司会议室 (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 | 148 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 59,619,696 | | 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 | | | 份总数的比例（%） | 32.7992 | (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。 本次股东大会由公司董事会召集，现场会议由董事长胡震先生主持，公司其他董 事、监事、部分高级管理人员和公司聘请的法律顾 ...

Core Insights - The exoskeleton robot has gained popularity among outdoor enthusiasts, being introduced in various scenic spots for climbing assistance, with a fee of 80 yuan for tourists to experience this technology [1][2] - The market for exoskeleton robots is expected to expand significantly, transitioning from specialized to consumer applications, particularly in home care and outdoor sports [3][4] Industry Summary - Exoskeleton robots are being utilized in multiple sectors, including agriculture and elder care, enhancing efficiency and reducing physical strain for users [2][4] - The technology features a lightweight design (1.2 kg) and can support up to 200 kg of instantaneous force, with an AI system that adjusts assistance based on terrain, saving users 30% to 50% of their energy [2][3] Market Performance - Several companies in the exoskeleton robot sector have seen significant stock price increases, with some rising over 70% since the beginning of the year [4][5] - Notable companies like Aoshark Intelligent and Yulong Robotics have secured substantial funding to accelerate the production of consumer-grade exoskeleton robots [4][5] Future Outlook - The global exoskeleton robot market is projected to grow from $1.8 billion last year to over $12 billion by 2030, with a compound annual growth rate (CAGR) of 28% [6] - The integration of exoskeleton technology into China's "14th Five-Year Plan" and its inclusion in medical insurance reimbursement policies are expected to further drive market growth [6]

Group 1 - The core viewpoint of the articles highlights the growing popularity and commercialization of exoskeleton robots in tourist attractions, particularly in China, with a focus on their use in mountain climbing [1][3] - The Taishan scenic area has introduced approximately 400 exoskeleton robots, allowing tourists to rent them for 80 yuan, significantly enhancing their climbing experience by reducing the time taken to ascend [1] - The exoskeleton robots, developed by Taishan Cultural Tourism Group and Shenzhen Keng Technology Co., are priced at 8,280 yuan, indicating a significant investment in this technology [1] Group 2 - The global exoskeleton robot market is experiencing rapid growth, with a market size of 1.8 billion USD last year and projections to exceed 12 billion USD by 2030, reflecting a compound annual growth rate of 28% [3] - The integration of exoskeletons into China's "14th Five-Year Plan" as a key development area for high-end medical equipment, along with insurance coverage for certain rehabilitation exoskeletons, is expected to accelerate commercialization in the medical rehabilitation sector [3] - The market potential for exoskeleton robots is anticipated to expand further due to advancements in AI and materials science, as well as the increasing demand from an aging population, with applications extending into home care and outdoor sports [3]