证券代码：603530 证券简称：神马电力 公告编号：2025-073 江苏神马电力股份有限公司 关于向 2025 年股票期权激励计划激励对象首次授予股票期 权的公告 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。 重要内容提示： ●首次授予日：2025 年 8 月 19 日 ●授予数量：779.53 万份 ●行权价格：26.47 元/股 江苏神马电力股份有限公司（以下简称"公司"）于 2025 年 8 月 19 日召开 了第五届董事会第三十一次会议，审议通过了《关于向 2025 年股票期权激励计 划激励对象首次授予股票期权的议案》，根据《江苏神马电力股份有限公司 2025 年股票期权激励计划（草案）》（以下简称"本激励计划"或"《激励计划》"）的 规定和公司 2025 年第二次临时股东会的授权，董事会认为 2025 年股票期权激励 计划首次授予条件已经成就，同意确定本激励计划首次授予日为 2025 年 8 月 19 日，向 61 名符合条件的激励对象授予股票期权 779.53 万份，行权价格为 26.47 元/股。现将相关事 ...

江苏神马电力股份有限公司 本激励计划拟首次授予的股票期权在各激励对象间的分配情况如下表所示： | 序号 | 姓名 | 职务 | 获授的股票 期权数量（万 | 占授予股票 期权总数的 | 占本激励计 划公告日公 司股本总额 | | --- | --- | --- | --- | --- | --- | | | | | 份） | 比例（%） | 的比例（%） | | 1 | 吴晶 | 董事、轮值总经理 | 63.44 | 6.51 | 0.15 | | 2 | 张鑫鑫 | 董事、轮值总经理 | 63.44 | 6.51 | 0.15 | | 3 | 张文斌 | 轮值总经理 | 63.44 | 6.51 | 0.15 | | 4 | 金玲 | 副董事长、副总经理 | 63.44 | 6.51 | 0.15 | | 5 | 王鸭群 | 副总经理 | 54.11 | 5.55 | 0.13 | | 6 | 张林军 | 总工程师 | 54.11 | 5.55 | 0.13 | | 7 | 韩笑 | 董事会秘书 | 27.99 | 2.87 | 0.06 | | 8 | 吕兆宝 | 职工董事 | 27.99 | 2.87 ...

国泰海通证券股份有限公司 关于 江苏神马电力股份有限公司 2025 年股票期权激励计划首次授予相关事项 之 一、释义 在本独立财务顾问报告中，除非文义载明，以下简称具有如下含义： | 神马电力、本公司、公 | 指 | 江苏神马电力股份有限公司 | | --- | --- | --- | | 司 | | | | 激励计划、本激励计 | 指 | 江苏神马电力股份有限公司 2025 年股票期权激励计划 | | 划、本计划 | | | | | | 国泰海通证券股份有限公司关于江苏神马电力股份有 | | 独立财务顾问报告 | 指 | 限公司 年股票期权激励计划首次授予相关事项之 2025 | | | | 独立财务顾问报告 | | 独立财务顾问 | 指 | 国泰海通证券股份有限公司 | | 股票期权、期权 | 指 | 公司授予激励对象在未来一定期限内以预先确定的条 | | | | 件购买本公司一定数量股票的权利 | | 激励对象 | 指 | 按照本激励计划规定，获得股票期权的公司董事、高 | | | | 级管理人员、核心技术（业务）人员以及董事会认为 | | | | 需要激励的其他人员 | | 授予日 | 指 | 公司向 ...

关于 江苏神马电力股份有限公司 2025 年股票期权激励计划首次授予事项的 法律意见书 中国 深圳 福田区益田路6001号太平金融大厦11、12层 邮政编码：518038 11-12/F, Taiping Finance Tower, Yitian Road No.6001, Futian District, Shenzhen 518038 电话(Tel)：(0755)88265288 传真(Fax)：(0755)88265537 电子邮件（E-mail）：info@sundiallawfirm.com 网站（Website）：www.sundiallawfirm.com | 释 | 义 1 | | --- | --- | | 第一节 | 法律意见书引言 3 | | 第二节 | 法律意见书正文 5 | | 四、 | 结论性意见 8 | 法律意见书 广东信达律师事务所 关于江苏神马电力股份有限公司 2025 年股票期权激励计划首次授予事项的 法律意见书 信达励字[2025]第 114 号 致：江苏神马电力股份有限公司 广东信达律师事务所（以下简称"信达"）接受贵公司的委托，担任贵公 司 2025 年股票期权激励 ...

天眼查商业履历信息显示，江苏神马电力股份有限公司，成立于1996年，位于南通市，是一家以从事橡 胶和塑料制品业为主的企业。企业注册资本43226.3327万人民币，实缴资本35034.73万人民币。公司法 定代表人为马斌。 通过天眼查大数据分析，江苏神马电力股份有限公司共对外投资了2家企业，参与招投标项目410次，知 识产权方面有商标信息38条，专利信息878条，此外企业还拥有行政许可11个。 来源：金融界 金融界消息 截至2025年8月19日收盘，神马电力（603530）报收于29.53元，下跌0.84%，换手率 0.77%，成交量3.30万手，成交金额9755.59万元。 资金流向方面，今日主力资金净流出1285.85万元，占比成交额13.18%。其中，超大单净流出848.77万 元、占成交额8.7%，大单净流出437.08万元、占成交额4.48%，中单净流出流出100.08万元、占成交额 1.03%，小单净流入1385.92万元、占成交额14.21%。 神马电力最新一期业绩显示，截至2025中报，公司营业总收入7.04亿元、同比增长27.74%，归属净利润 1.60亿元，同比增长13.60%，扣非净利润 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 20% compared to the benchmark index within the next six months [6][14]. Core Insights - The company reported a significant revenue growth of 27.7% year-on-year for H1 2025, with a total revenue of 700 million yuan. The net profit attributable to the parent company increased by 13.6% year-on-year to 160 million yuan [3][4]. - The company experienced a remarkable order growth in Q2 2025, with new orders amounting to 530 million yuan, representing a year-on-year increase of 43.6%. This includes a breakthrough in the Middle East market with a major project win [4][5]. - The company is actively pursuing stock buybacks and employee stock option plans, reflecting management's confidence in future performance [5]. Summary by Sections Company Overview - The latest closing price is 29.40 yuan, with a total market capitalization of 12.7 billion yuan. The company has a total share capital of 432 million shares, with a debt-to-asset ratio of 28.3% and a price-to-earnings ratio of 40.27 [2]. Financial Performance - For H1 2025, the company's revenue from its main segments was as follows: composite external insulation for substations at 490 million yuan (up 27.6%), rubber sealing components at 120 million yuan (up 17.7%), and composite external insulation for power transmission and distribution lines at 80 million yuan (up 71.8%) [3][4]. - The overall gross margin for H1 2025 was 44.4%, a decrease of 2.9 percentage points year-on-year, while the net margin was 22.8%, down 2.8 percentage points year-on-year [4]. Profit Forecast - The company forecasts net profits attributable to the parent company for 2025, 2026, and 2027 to be 430 million, 540 million, and 670 million yuan, respectively, corresponding to price-to-earnings ratios of 30, 24, and 19 times [6][10].

Core Viewpoint - The company held its second extraordinary general meeting of shareholders in 2025, where several key resolutions were passed, including the approval of the stock option incentive plan and the reappointment of the auditing firm [2][5][6]. Group 1: Meeting Details - The extraordinary general meeting was held on August 14, 2025, at the administrative center in Nantong, Jiangsu Province [2]. - The total number of valid voting shares was 428,697,458, after deducting shares held in the repurchase account [2]. - The meeting was chaired by the vice chairman due to the absence of the chairman, and voting was conducted both in-person and online, complying with legal and regulatory requirements [3]. Group 2: Resolutions Passed - The following resolutions were approved: 1. The stock option incentive plan and its summary [5]. 2. The implementation assessment management measures for the stock option incentive plan [6]. 3. Authorization for the board to handle matters related to the stock option incentive plan [6]. 4. Reappointment of the auditing firm for the year 2025 [6]. - All resolutions received the necessary majority votes, with special resolutions requiring two-thirds approval and ordinary resolutions requiring a simple majority [6]. Group 3: Legal Compliance - The meeting was witnessed by Guangdong Xinda Law Firm, which confirmed that the meeting's procedures and voting results were in accordance with relevant laws and regulations [6]. - The company has established information disclosure and insider information management systems, ensuring compliance with legal requirements regarding insider trading during the incentive plan's disclosure period [11]. Group 4: Share Buyback Announcement - The company announced a share buyback plan, intending to repurchase shares using its own or raised funds, with a total amount between RMB 30 million and RMB 40 million, and a maximum price of RMB 38 per share [13]. - On August 14, 2025, the company executed its first buyback, acquiring 339,600 shares, which is 0.0787% of the total share capital, at prices ranging from RMB 29.28 to RMB 29.50 per share, totaling approximately RMB 9.998 million [13][14].

Core Viewpoint - The legal opinion letter from Guangdong Xinda Law Firm confirms the legality of Jiangsu Shenneng Electric Power Co., Ltd.'s second extraordinary general meeting of shareholders in 2025, stating that all procedures and qualifications were in compliance with relevant laws and regulations [1][8]. Group 1: Meeting Summons and Procedures - The extraordinary general meeting was convened in accordance with the provisions of the Company Law and the Shareholders' Meeting Rules, with proper notification of the meeting time, location, and agenda [3][4]. - The meeting was held on August 14, 2025, combining on-site and online voting methods, with the on-site meeting taking place at a designated location in Nantong, Jiangsu Province [4][5]. Group 2: Attendance and Qualifications - A total of 114 shareholders and their proxies attended the meeting, with their qualifications verified against the shareholder register as of August 6, 2025 [5][6]. - Other attendees included company directors, senior management, and legal representatives, all of whom met the qualifications to participate in the meeting [5][6]. Group 3: Voting Procedures and Results - The voting procedures adhered to the agenda outlined in the meeting notice, with both on-site and online votes counted and announced during the meeting [7][8]. - The voting results showed overwhelming support for the proposed resolutions, with significant percentages of votes in favor, indicating strong shareholder approval [6][7].

Meeting Overview - The shareholders' meeting of Jiangsu Shenneng Electric Co., Ltd. was held on August 14, 2025, at the administrative center in Nantong, Jiangsu Province [1] - The meeting was chaired by the vice chairman due to the absence of the chairman [1] - The total number of valid voting shares was 428,697,458 after deducting shares held in the repurchase account [1] Attendance and Voting - Attendance included ordinary shareholders and preferred shareholders with restored voting rights [1] - The voting method combined on-site and online voting, complying with the Company Law and Articles of Association [1] Resolutions Passed - All proposed resolutions were approved, including the incentive plan draft and its summary [2][3] - Voting results showed overwhelming support for the resolutions, with A-share votes indicating 99.8232% approval for the incentive plan [2] - The resolutions required a simple majority for approval, with all resolutions passing with more than two-thirds of the valid voting shares [3] Legal Compliance - The meeting's convening, procedures, and voting results were confirmed to be in compliance with relevant laws and regulations by the legal representatives [4]

Core Viewpoint - Jiangsu Shenneng Electric Power Co., Ltd. has conducted a self-examination report regarding insider trading related to its 2025 stock option incentive plan, confirming that no insider trading occurred during the specified period [1][2][3] Group 1: Insider Information Management - The company held its 29th meeting of the 5th Board of Directors on July 29, 2025, where it approved the draft of the stock option incentive plan and disclosed relevant announcements on the Shanghai Stock Exchange website [1] - The company has established relevant systems for information disclosure and insider information management, ensuring compliance with laws and regulations [3] Group 2: Examination Period and Findings - The examination period for insider trading was set from January 29, 2025, to July 29, 2025, during which the company reviewed the trading activities of insider information recipients [2] - The review confirmed that the trading activities of the incentive recipients were based on their independent investment decisions, with no leaks of specific information regarding the incentive plan [2][3] Group 3: Conclusion of the Self-Examination - The self-examination concluded that there were no instances of insider trading or leaks of insider information related to the incentive plan during the examination period [3]