Group 1 - The core point of the news is that Liba Co., Ltd. experienced a 5% drop in stock price, currently trading at 12.16 CNY per share, with a total market capitalization of 3.239 billion CNY [1] - Liba Co., Ltd. is primarily engaged in the research, production, and sales of composite materials for household appliances, with 94.69% of its revenue coming from this segment [1] - The company is located in Yixing City, Jiangsu Province, and was established on January 19, 1994, with its stock listed on March 19, 2015 [1] Group 2 - Huatai-PB's fund, Huatai-PB SSE Dividend ETF (510880), is among the top ten circulating shareholders of Liba Co., Ltd., holding 11.5663 million shares, which accounts for 4.34% of the circulating shares [2] - The fund has reported a floating loss of approximately 7.4025 million CNY today, with a year-to-date loss of 3.46% and a one-year return of 12.49% [2] - The fund was established on November 17, 2006, and currently has a total size of 19.087 billion CNY [2]

Market Overview - On September 19, the home appliance parts sector fell by 4.45%, with Sanhua Intelligent Control leading the decline [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Notable gainers in the home appliance parts sector included: - Haili Co., Ltd. (Code: 600619) with a closing price of 25.23, up 9.98% and a trading volume of 1.37 million shares, totaling 3.374 billion yuan [1] - Haidaer (Code: 669988) with a closing price of 66.76, up 8.61% and a trading volume of 28,300 shares, totaling 195 million yuan [1] - Libo Co., Ltd. (Code: 603519) with a closing price of 13.24, up 6.17% and a trading volume of 155,000 shares, totaling 205 million yuan [1] Capital Flow - The home appliance parts sector experienced a net outflow of 922 million yuan from institutional investors, while retail investors saw a net inflow of 863 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Haili Co., Ltd. had a net inflow of 721 million yuan from institutional investors, representing 21.37% of its total trading volume [3] - Macro Technology (Code: 301008) saw a net inflow of 46.27 million yuan from institutional investors, but a net outflow of 56.55 million yuan from retail investors [3] - Libo Co., Ltd. had a net inflow of 15.32 million yuan from institutional investors, while retail investors experienced a net outflow of 16.08 million yuan [3]

Meeting Overview - The second extraordinary general meeting of shareholders for 2025 was held on September 12, 2025, at the company's meeting room in Yixing City [2] - The meeting was conducted with a combination of on-site and online voting, adhering to the provisions of the Company Law and the company's articles of association [2] Attendance - All 7 current directors attended the meeting, along with the company secretary and other key executives [3] Resolutions Passed - The following resolutions were approved during the meeting: 1. Proposal to cancel the supervisory board and amend the articles of association [4] 2. Approval of the company's board meeting rules [4] 3. Approval of the company's fundraising management measures [4] 4. Proposal to abolish the supervisory board meeting rules [5] - The first proposal required a special resolution, which was passed with over two-thirds of the voting rights held by attending shareholders [5] Legal Verification - The meeting was witnessed by Shanghai Jintiancheng Law Firm, with lawyers confirming that the meeting's procedures and resolutions complied with legal requirements [5]

上海市锦天城律师事务所 关于江苏立霸实业股份有限公司 2025 年第二次临时股东大会的 法律意见书 锦 天 城 律师事务 所 ALLBRIGHT LAW OFFICES 地址:上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话: 021-20511000 邮编: 200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江苏立霸实业股份有限公司 2025 年第二次临时股东大会的 法律意见书 致:江苏立霸实业股份有限公司 上海市锦天城律师事务所(以下简称"本所")接受江苏立霸实业股份有限 公司(以下简称"公司")委托,就公司召开 2025年第二次临时股东大会(以 下简称"本次股东大会")的有关事宜,根据《中华人民共和国公司法》(以下 简称"《公司法》")等法律、法规、规章和其他规范性文件以及《江苏立霸实业 股份有限公司章程》(以下简称"《公司章程》")的有关规定,出具本法律意见书。 为出具本法律意见书,本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则(试行)》等规定,严格履行 了法定职责,遵循了勤勉尽责和诚实信用原则,对本次股东大 ...

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 9 月 12 日 证券代码：603519 证券简称：立霸股份 公告编号：2025-029 江苏立霸实业股份有限公司 2025年第二次临时股东大会决议公告 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。 (二)股东大会召开的地点：宜兴市环保科技工业园画溪路 88 号公司三楼会议室 (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 | 113 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 128,563,988 | | 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（%） | 48.7395 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东大会主持情况等。 本公司 2025 年第二次临时股东大会采用现场投票和网络投票相结合的表 决方式审议有关议案，会议由公司董事会召集，公司董事长卢 ...

Core Viewpoint - Jiangsu Libaba Industrial Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss the proposal to abolish the supervisory board and amend the company's articles of association, aligning with regulatory requirements for listed companies [1][7]. Meeting Details - The meeting will take place on September 12, 2025, at 13:30 at the company's conference room in Yixing City, Jiangsu Province [1]. - Voting will be conducted through both on-site and online methods, with specific time slots designated for each [1][6]. - The meeting will be presided over by the chairwoman, Ms. Lu Fengxian, and will include the introduction of attendees and the reading of meeting guidelines [1][2]. Proposal Overview - The primary agenda item is the proposal to cancel the supervisory board and revise the articles of association, allowing the audit committee to assume the supervisory functions [7][9]. - The proposed amendments aim to enhance corporate governance and comply with the latest regulatory frameworks [7][9]. - Specific changes to the articles include the removal of references to the supervisory board and the introduction of new provisions regarding the audit committee [9][10]. Voting Process - Shareholders will exercise their voting rights based on the number of shares they hold, with each share granting one vote [6][12]. - The voting will be conducted in a named manner, and shareholders must register to speak during the meeting [5][6]. - The results of the voting will be announced after both on-site and online votes are counted [2][6]. Legal Compliance - The meeting and the proposed changes are in accordance with the Company Law, the Articles of Association, and relevant regulations governing listed companies [4][7]. - Legal opinions will be provided by the attending lawyers to ensure compliance with all legal requirements [6][10]. Shareholder Rights - Shareholders have the right to speak, inquire, and vote during the meeting, and must register in advance if they wish to make a statement [5][6]. - The company has the authority to refuse entry to individuals not authorized to attend the meeting [4][5]. Conclusion - The meeting represents a significant step in the company's governance structure, aiming to streamline operations and enhance compliance with regulatory standards [7][9].

Core Viewpoint - The financial performance of Liba Co., Ltd. (603519) for the first half of 2025 shows a slight decline in total revenue but an increase in net profit, indicating mixed results in profitability and operational efficiency [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 817 million yuan, a decrease of 0.03% compared to the same period in 2024 [1]. - Net profit attributable to shareholders reached 76.45 million yuan, reflecting a year-on-year increase of 0.45% [1]. - In Q2 2025, total revenue was 399 million yuan, down 6.09% year-on-year, while net profit was 41.73 million yuan, a decline of 6.26% [1]. - Gross margin improved to 15.65%, with a year-on-year increase of 33.89%, while net margin slightly increased to 9.35%, up 0.47% [1]. - Total operating expenses (selling, administrative, and financial) amounted to 6.29 million yuan, representing 0.77% of revenue, a significant increase of 203.41% year-on-year [1]. - Earnings per share remained stable at 0.29 yuan, while operating cash flow per share increased by 67.45% to 0.58 yuan [1]. Balance Sheet Highlights - Cash and cash equivalents decreased by 36.90% to 433 million yuan [1]. - Accounts receivable increased by 11.06% to 292 million yuan [1]. - Interest-bearing debt significantly reduced by 76.47% to 20 million yuan [1]. - Net asset value per share decreased by 8.34% to 4.31 yuan [1]. Cash Flow Analysis - Net cash flow from operating activities increased by 67.45%, attributed to changes in procurement payment methods [2]. - Cash flow from investing activities surged by 797.84%, due to the maturity of structured deposits [2]. - Cash flow from financing activities decreased by 6.36%, linked to a reduction in short-term borrowings [2]. Operational Efficiency - The company's return on invested capital (ROIC) was 10.43%, indicating average capital returns [3]. - The historical median ROIC since the company’s listing is 12.86%, suggesting a generally favorable investment return profile [3]. - The accounts receivable to profit ratio reached 183.43%, indicating potential concerns regarding receivables management [3].

Financial Performance - The company reported a total revenue of 817 million yuan for the first half of 2025, with a net profit attributable to shareholders of 76.45 million yuan, reflecting a year-on-year increase of 0.45% [1] - Operating cash flow increased to 155 million yuan, up 62.37 million yuan from the same period last year, marking a 67.45% year-on-year increase [1] Profitability and Efficiency - The latest gross profit margin is 15.65%, which is an increase of 0.36 percentage points from the previous quarter and a rise of 3.96 percentage points compared to the same period last year [3] - The return on equity (ROE) stands at 6.66%, up 0.58 percentage points year-on-year [3] - The diluted earnings per share are 0.29 yuan [4] Asset Management - The total asset turnover ratio is 0.54 times, an increase of 0.09 times from the same period last year, representing a 20.54% year-on-year growth [4] - The inventory turnover ratio is reported at 5.90 times [4] Shareholder Structure - The number of shareholders is 13,800, with the top ten shareholders holding 179 million shares, accounting for 67.09% of the total share capital [4] - The largest shareholder is Lu Fengxian, holding 25.92% of the shares, followed by Yancheng Dongfang Investment Development Group Co., Ltd. with 22.08% [4]

Core Viewpoint - Liba Co., Ltd. (603519.SH) reported its semi-annual results for 2025, highlighting an increase in institutional investor holdings and the presence of a new public fund [1] Group 1: Institutional Holdings - As of August 25, 2025, three institutional investors disclosed holdings in Liba Co., Ltd., totaling 70.92 million shares, which represents 26.63% of the company's total share capital [1] - The institutional investor group includes Yancheng Dongfang Investment Development Group Co., Ltd., China Merchants Bank Co., Ltd. - SSE Dividend ETF, and China Merchants CSI 300 Index Enhanced A [1] - Compared to the previous quarter, the total institutional holding percentage increased by 0.20 percentage points [1] Group 2: Public Fund Activity - During this reporting period, one new public fund was disclosed, namely China Merchants CSI 300 Index Enhanced A [1]

Meeting Details - The second extraordinary general meeting of shareholders for 2025 will be held on September 12, 2025, at 13:30 [1][3] - The meeting will take place at the company's conference room located at 88 Huaxi Road, Yixing City, Jiangsu Province [1][3] Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 to 15:00 on the day of the meeting [1][2] - The voting will include both on-site and online methods, allowing shareholders to participate via designated trading terminals or the internet [3][4] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the same class of shares [4][2] Agenda and Resolutions - The meeting will review non-cumulative voting resolutions, including the registration matters [2][3] - The resolutions have been approved by the company's board and supervisory committee in prior meetings [2][3] Attendance Requirements - Shareholders registered by the close of trading on September 5, 2025, are eligible to attend the meeting [4][5] - Proxy representatives must present identification and authorization documents to attend on behalf of shareholders [5][6] Registration Information - Registration for attendance will occur on September 10, 2025, at the company's securities department [5][6] - The company will not cover travel or accommodation expenses for attending shareholders [5]