2024 年年度股东大会会议资料 江苏振江新能源装备股份有限公司 2024 年年度股东大会 会议资料 证券代码：603507 二〇二五年五月 1 | 2024 年年度股东大会会议通知 | 3 | | --- | --- | | 议案一：公司 2024 年度董事会工作报告 | 6 | | 议案二：公司 2024 年度监事会工作报告 | 12 | | 议案三：关于公司 2024 年年度报告及摘要的议案 15 | | | 议案四：公司 2024 年度财务决算报告 | 16 | | 议案五：关于公司 2024 年度董事、监事、高级管理人员薪酬的议案 18 | | | 议案六：关于独立董事 2024 年度述职报告的议案 19 | | | 受关联方担保的议案 31 | | | 议案八：关于公司 年度利润分配的预案 2024 | 37 | | 议案九：关于公司及子公司开展金融衍生品交易的议案 | 38 | | 议案十：关于公司及子公司开展期货套期保值业务的议案 41 | | | 议案十一：关于续聘公司 2025 年度审计机构的公告 | 44 | | 案 47 | | | 划（草案）》及其摘要的议案 51 | | | 励计划 ...

Group 1 - The company has publicly disclosed the list of incentive objects for its fourth restricted stock incentive plan, in accordance with the relevant regulations [1][2] - The public notice period for the incentive object list was from April 30, 2025, to May 11, 2025, during which employees could raise objections [1] - As of May 11, 2025, the supervisory board received no objections from employees regarding the proposed incentive objects [2] Group 2 - The supervisory board verified the qualifications of the proposed incentive objects, including their employment contracts and positions within the company [2] - The supervisory board concluded that all proposed incentive objects meet the conditions set forth by relevant laws and regulations [3] - The incentive objects include certain directors, senior management, and middle management personnel deemed necessary for incentives by the board [2][3]

1、公司对激励对象的公示情况 监事会关于公司第四期限制性股票激励计划 激励对象人员名单的审核意见及公示情况说明 根据《上市公司股权激励管理办法》(以下简称"《管理办法》")的相关规定， 江苏振江新能源装备股份有限公司(以下简称"公司"或"本公司")对激励对象的姓 名和职务在公司内部进行了公示，根据《管理办法》和《公司章程》的规定，公 司监事会结合公示情况对公司《江苏振江新能源装备股份有限公司第四期限制性 股票激励计划(草案)》(以下简称"《限制性股票激励计划(草案)》")激励对象人员 名单进行了核查，相关公示情况及核查方式如下： 一、公示情况及核查方式 江苏振江新能源装备股份有限公司 根据《管理办法》、《公司章程》及公司对拟激励对象名单及职务的公示情况， 并结合监事会的核查结果，监事会发表核查意见如下： 5、激励对象均不存在下述任一情形： 公司除在上海证券交易所网站(www.sse.com.cn)上公告了《限制性股票激励 计划(草案)》及其摘要、《江苏振江新能源装备股份有限公司第四期限制性股票 激励计划实施考核管理办法》及《江苏振江新能源装备股份有限公司第四期限制 性股票激励计划激励对象人员名单》外，于 20 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2] Core Insights - In Q1 2025, national grid engineering investment reached 95.6 billion yuan, a year-on-year increase of 24.8% [42] - The report highlights the rapid growth trend in grid investment and suggests focusing on leading companies benefiting from increased domestic infrastructure investment [3][67] Market Review - As of May 8, 2025, the Shenwan power equipment industry rose by 4.41% over the past two weeks, outperforming the CSI 300 index by 2.60 percentage points, ranking 7th among 31 industries [10] - The wind power equipment sector increased by 4.57%, the photovoltaic equipment sector by 5.69%, and the battery sector by 4.06% during the same period [11][12] Valuation and Industry Data - As of May 8, 2025, the price-to-earnings (P/E) ratio for the power equipment sector is 24.50 times, with sub-sectors showing varied P/E ratios: motors at 51.04, photovoltaic equipment at 17.54, and wind power equipment at 30.52 [25][21] - The report indicates that the photovoltaic equipment sector has seen a year-to-date decline of 13.31%, while the motor sector has increased by 22.44% [15] Company Announcements - The report notes that leading companies such as Zhongchao Holdings, Huamin Co., and Zhenjiang Co. have shown significant stock price increases of 38.95%, 29.66%, and 28.37% respectively over the past two weeks [17] - Conversely, companies like Huaxi Energy, Mubang High-tech, and Hezhong Technology have experienced declines of 28.74%, 28.38%, and 26.91% respectively [18]

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 300750 | 宁德时代 | 2.50 | 0.80 | 75562.67 | | 300568 | 星源材质 | 9.53 | 9.54 | 20648.95 | | 300274 | 阳光电源 | 2.98 | 2.63 | 16278.79 | | 688556 | 高测股份 | 20.02 | 8.11 | 14290.13 | | 002560 | 通达股份 | 9.99 | 12.05 | 13282.80 | | 300870 | 欧陆通 | 2.32 | 5.45 | 9261.16 | | 300751 | 迈为股份 | 6.96 | 6.45 | 9039.35 | | 601012 | 隆基绿能 | 1.13 | 0.88 | 8760.28 | | 002851 | 麦格米特 | 3.43 | 9.16 | 8730.97 | | 300763 | 锦浪科技 | 3.95 | 4.68 | 6992.70 | | 60335 ...

Stock Performance - Several stocks have shown significant gains, with notable performances including: - 恒天海龙 with a 10.07% increase over two days [2] - 晨曦航空 achieving a 19.96% rise on its first board [3] - 通易航天 with a remarkable 29.96% increase on its first board [3] - 新坐标 maintaining a 10.01% increase over four days [5] - 全筑股份 also showing a 10.00% increase over four days [9] Industry Trends - The robotics sector is gaining traction, with multiple companies experiencing stock price increases attributed to advancements in robotic technology and applications [4][5][7] - The AI computing industry is showing strong performance, as indicated by the positive financial results from companies in this sector, suggesting a sustained high level of industry activity [8] - The brain-computer interface (BCI) technology is gaining attention following FDA approval for Neuralink's device, which is aimed at aiding patients with severe communication disabilities [11] - The chemical industry is experiencing volatility in product prices, drawing market interest towards related companies [13] - The semiconductor industry is benefiting from increased investment and support for domestic high-end lithography machines, which is expected to boost the semiconductor equipment supply chain [16] - The real estate sector is reacting positively to the People's Bank of China's decision to lower housing loan interest rates, which is likely to stimulate market activity [18] Market Reactions - Stocks related to the ride-hailing industry are responding positively to the news of a partnership between autonomous driving company 小马智行 and Uber, with significant stock price increases observed [20][21] - The food and beverage sector is also seeing positive movements, influenced by the central bank's announcement of a new loan program aimed at boosting consumer spending [22][24] - The financial sector is reacting to the People's Bank of China's announcement of a series of monetary policy measures, including a reserve requirement ratio cut and interest rate adjustments [25][26]

5月6日沪指上涨1.13%，盘后龙虎榜数据显示，机构现身26只个股龙虎榜，净买入11只，净卖出15只。 深沪股通席位出现在11只个股龙虎榜。 证券时报·数据宝统计显示，5月6日机构专用席位现身26只个股龙虎榜，合计净买入4.28亿元。个股来 看，净买入11只，净卖出15只。 机构龙虎榜净买卖个股 机构专用席位净买入金额最多的是青岛金王，该股今日收盘涨停，全天换手率为19.60%，成交额为 10.06亿元。因日涨幅偏离值达7.75%上榜龙虎榜，前五大买卖营业部中有4家机构专用席位，为买一、 买二、买三、买四，合计净买入15579.01万元。资金流向方面，该股全天资金净流入2.85亿元。 中洲特材，今日收盘涨停，全天换手率为31.75%，成交额为10.93亿元。因日收盘价涨幅达20.00%上榜 龙虎榜，前五大买卖营业部中有4家机构专用席位，为买一、买三、买四、买五，合计净买入14060.49 万元。资金流向方面，该股全天资金净流入1.47亿元。 振江股份，今日收盘上涨3.89%，全天换手率为27.86%，成交额为14.08亿元。因日换手率达27.86%上榜 龙虎榜，前五大买卖营业部中有3家机构专用席位，为买一、买 ...

外骨骼机器人产业发展前景广阔。中银证券杨思睿2024年11月5日研报显示，ABI机构预测，全球外骨骼机器人产业产值增长迅猛，将从2020年的 3.92亿美元增至2030年的68亿美元，年复合增长率达33%；出货量也将从2025年的10.7万件增长到2028年的30.1万件。 外骨骼机器人作为一种可穿戴式设备，可将人与机械动力装置整合，显著增强人的运动能力。在机器人产业发展趋势方面，浙商证券李商等人2月 19日研报指出，人形机器人宏观级量产除需技术突破，还需应对就业冲击这一宏观变量。在此背景下，对人替代较小的领域，如外骨骼机器人 等，将成为人形机器人风口。 技术层面，外骨骼机器人依赖复杂的电控、电机技术及传感系统，且需具备强大的智能控制能力。产业链方面，外骨骼机器人与人形机器人在上 游零部件等环节重叠度较高，但整机设备厂商和下游存在差异。杨思睿认为，外骨骼机器人正处在从技术成熟迈向快速商业化的关键节点，与人 形机器人发展阶段相似，既可复用产业链供应端，又具备自身独特优势，预计将在医疗、运动、工业等刚需场景率先应用，若出现"爆款"，还有 望在消费领域取得突破。随着技术进步与市场需求释放，外骨骼机器人产业有望迎来更 ...

Core Insights - The exoskeleton robots are gaining popularity in various scenic spots in China, such as Huangshan, Taishan, and Wugong Mountain, attracting tourists' interest [1] - The technology integrates artificial intelligence, sensing, ergonomics, power, and electronics, indicating a significant market potential across multiple sectors including medical rehabilitation, military, industrial, and transportation [1][2] Application Areas - Exoskeleton robots can assist users in walking and lifting heavy objects, with a reported ability to help lift 30 kilograms with ease [1] - These devices weigh around 2 kilograms and enhance the wearer's leg or waist strength, reducing physical exertion and absorbing impact to lessen stress on knees and ankles [1] - The market for rehabilitation exoskeletons is projected to reach 48 billion yuan by 2030, while the industrial sector could see a market space of over 10 billion yuan [2] Commercialization Progress - Several A-share listed companies, including Jiangsu Zhenjiang New Energy Equipment Co., Ltd., Henan Xiangyu Medical Equipment Co., Ltd., and Zhejiang Jinggong Integrated Technology Co., Ltd., are actively involved in the exoskeleton robot industry chain [2] - Zhenjiang's subsidiary, Haipuman Robotics, is focused on intelligent control algorithms and plans to begin small-scale production of exoskeleton robots by Q3 2025 [3] - Xiangyu Medical is advancing its portable exoskeleton walking robot towards market launch, aiming to obtain medical device registration within the year [3] - Jinggong Technology is testing its hip exoskeleton robot for various scenarios, including stair climbing and running [3] Industry Challenges - Key challenges in the exoskeleton robot industry include improving battery life, reducing device weight, enhancing comfort, optimizing control algorithms, and lowering costs, which are crucial for widespread application and commercialization [3]

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Viewpoints - The wind power industry is experiencing a recovery at the bottom of the land wind cycle, with expectations for price and volume restoration [3] - The domestic public bidding market for wind power has shown a robust growth trend, with a new bidding volume of 28.6 GW in Q1 2025, representing a year-on-year increase of 22.7% [7][8] - The average bidding price for wind turbine units in March 2025 was 1590 RMB/kW, up approximately 13% from 1403 RMB/kW in April 2024, indicating a stabilization at the bottom and potential profit recovery for the industry [10] - Strong overseas export data suggests an improvement in international market conditions, with wind turbine exports reaching 146 million USD in March 2025, a month-on-month increase of 86.81% and a year-on-year increase of 50.54% [13] Summary by Sections Investment Suggestions and Targets - Focus on the recovery of the wind power industry chain, recommending companies such as Goldwind Technology (002202), Mingyang Smart Energy (601615), and others [3] - For offshore wind, attention is drawn to companies with high relevance to offshore wind, including Dongfang Cable (603606) and Zhenjiang Co. (603507) [3] Market Trends - The bidding data for Q1 2025 supports positive expectations for the domestic wind power market, despite concerns about the sustainability of this growth [7][8] - The price recovery trend in the wind turbine market is expected to lay the groundwork for profit recovery across the industry [10] Export Performance - The international market for wind turbines is anticipated to improve, with significant growth in export volumes and bidding successes for Chinese manufacturers [13]