证券代码：603530 证券简称：神马电力 公告编号：2024-092 江苏神马电力股份有限公司 关于使用闲置募集资金进行现金管理到期赎回并部分继续 进行现金管理的公告 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个别及连带责任。 重要内容提示： ● 现金管理期限：2024年8月1日—2024年8 月30日、2024年8月1 日—2024 年 10 月 31 日 ● 履行的审议程序：江苏神马电力股份有限公司（以下简称"公司"）于 2024 年4月11日召开了第五届董事会第十次会议及第五届监事会第六次会议分别审议 通过了《关于使用闲置募集资金进行现金管理的议案》，同意公司在不影响正常经 营活动的情况下，使用单日最高余额不超过 2 亿元的闲置募集资金进行现金管理， 在上述额度内，资金可以滚动使用。具体内容详见 2024 年 4 月 12 日刊登于上海 证券交易所网站（www.sse.com.cn）和公司指定信息披露报刊《中国证券报》上 的《关于使用闲置募集资金进行现金管理的公告》（公告编号：2024-054）。 一、前次使用闲置募集资金进 ...

Financial Data and Key Metrics Changes - The company achieved a net profit of between 132 million and 144 million, representing a year-on-year growth of 159% to 182%. The non-GAAP net profit was between 129 million and 140 million, with a year-on-year growth of 172% to 197% [2][4] - In Q2 alone, the company realized a net profit of 74 million, a year-on-year increase of 105%, while the non-GAAP net profit was 73 million, growing by 111% year-on-year. Revenue for Q2 increased by 40% year-on-year, exceeding market expectations [2][4] Business Line Data and Key Metrics Changes - The high-voltage business saw significant order delivery in the first half of the year, with expectations for continued growth in delivery volume throughout the year. The gross margin for high-voltage products is approximately 10 to 20 percentage points higher than that of conventional high-voltage products [2][9] - The company signed new orders worth approximately 700 million, a year-on-year increase of over 30%. Domestic orders grew rapidly, while overseas orders remained stable [2][9] Market Data and Key Metrics Changes - The domestic market's order growth is notably faster than that of the overseas market, with domestic orders slightly exceeding overseas orders [9][14] - The North American market shows a high acceptance rate for composite insulators, with expected growth exceeding 100% in the coming years. The European market is also seeing increased demand for composite insulators due to limited glass production capacity [10][12] Company Strategy and Development Direction - The company plans to continue enhancing the production capacity of high-value-added products, including high-voltage and other specialized products, to support business growth [2][11] - The company is also planning to establish new production facilities in North America and Southeast Asia to address future market demands and challenges arising from changes in US-China relations [12][13] Management's Comments on Operating Environment and Future Outlook - Management indicated that the company aims to maintain a gross margin of no less than 40%, ideally approaching 50%, through improved management and cost-saving measures [8][11] - The company expects significant growth in high-value-added products such as ultra-high voltage, substations, and transmission lines over the next few years, driven by overseas market expansion and new product promotion [13][14] Other Important Information - The company has successfully won a 50 million project for composite cross-arms in the UK, with potential future involvement in the modification of 1,300 towers, indicating substantial market potential [1] - The company is actively managing raw material costs and expects to maintain a gross margin above 40% in the future [11] Q&A Session Summary Question: What are the year-on-year growth rates for net profit and non-GAAP net profit in the first half of the year? - The company expects a net profit of between 132 million and 144 million, with a year-on-year growth rate of 159% to 182%. The non-GAAP net profit is expected to be between 129 million and 140 million, with a growth rate of 172% to 197% [4] Question: How did revenue and net profit grow in Q2? - In Q2, the company achieved a net profit of 74 million, a year-on-year increase of 105%, and a non-GAAP net profit of 73 million, growing by 111%. Revenue for Q2 increased by 40% year-on-year, exceeding market expectations [4] Question: What was the revenue growth reason for the first half of the year? - The revenue growth was primarily driven by an increase in the volume of substation products, particularly the delivery of high-voltage products domestically and contributions from overseas markets [4] Question: What is the expected growth for the ultra-high voltage business this year? - The ultra-high voltage business's revenue share has increased from less than 10% last year to over 10% this year [5] Question: How does the company plan to manage capital expenditures and cost control? - The company is adjusting its plans based on external environmental changes, with a focus on centralized operations and cost control to keep expenses at or below last year's levels [8]

海通证券股份有限公司 关于 江苏神马电力股份有限公司 调整第三期员工持股计划 相关事项 之 独立财务顾问意见 二零二四年七月 1 一、 声明. 二、 基本假设… 三、 调整员工持股计划相关事项内容 (一) 本员工持股计划的授权与批准 (二) 本次调整的原因与内容 . 四、 独立财务顾问意见 2 目录 鉴于： 海通证券股份有限公司（以下简称"本独立财务顾问"）作为公司第三期员 工持股计划计划（以下简称"本计划"）独立财务顾问，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》"）等有关法律、法规和规范性文件的规定以及《江苏神马电力股份有限公司 公司章程》（以下简称"《公司章程》"）以及《江苏神马电力股份有限公司第三期 员工持股计划（草案）（修订稿）》，对公司提供的有关文件进行了核查，就公司 本次调整出具独立财务顾问意见（以下简称"本顾问意见"）。 3 一、声明 本次独立财务顾问就独立财务顾问报告承担的责任及声明如下： （一）本独立财务顾问报告所依据的文件、材料由神马电力提供，本计划所 涉及的各方已向本独立财务顾问保证：所提供的出具本独立财务顾问报告所依据 ...

海通证券股份有限公司 关于 江苏神马电力股份有限公司 调整第三期限制性股票激励计划 相关事项 之 独立财务顾问意见 二零二四年七月 1 鉴于： 海通证券股份有限公司（以下简称"本独立财务顾问"）作为公司第三期限 制性股票激励计划（以下简称"本激励计划"）独立财务顾问，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》"）、中国证券监督管理委员会（以下简称"中国证监会"）颁布的《上 市公司股权激励管理办法》以下简称"《管理办法》"）等有关法律、法规和规范 性文件的规定以及《江苏神马电力股份有限公司公司章程》（以下简称"《公司章 程》"）以及《江苏神马电力股份有限公司第三期限制性股票激励计划（草案）（修 订稿）》，对公司提供的有关文件进行了核查，就公司本次调整出具独立财务顾问 意见（以下简称"本顾问意见"）。 3 一、声明 本次独立财务顾问就独立财务顾问报告承担的责任及声明如下： （一）国家现行的有关法律、法规及政策无重大变化； （二）本独立财务顾问所依据的资料具备真实性、准确性、完整性和及时性； （三）上市公司对本激励计划所出具的相关文件真实、可靠； （四 ...

工持股计划（草案）相关事项的 法律意见书 关于江苏神马电力股份有限公司修订 第三期限制性股票激励计划（草案）、第三期员 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 | | | 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修订 第三期限制性股票激励计划（草案）、第三期员工持股计划（草 案）相关事项的法律意见书 信达励字[2024]第 107 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"）接受江苏神马电力股份有限公司（以 下简称"公司"）的委托，担任公司第三期限制性股票激励计划、第三期员工持股 计划项目的特聘专项法律顾问。信达现根据 ...

证券代码：603530 证券简称：神马电力 公告编号：2024-091 江苏神马电力股份有限公司 关于独立董事公开征集投票权的公告 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个别及连带责任。 重要内容提示： 根据中国证券监督管理委员会颁布的《上市公司股权激励管理办法》（以下 简称"管理办法"）的有关规定，江苏神马电力股份有限公司（以下简称"公司"） 独立董事徐胜利先生受其他独立董事的委托作为征集人，就公司拟于 2024 年 8 月 8 日召开的 2024 年第三次临时股东大会审议的公司限制性股票激励计划以及 员工持股计划相关议案向公司全体股东征集投票权。 一、征集人的基本情况、对表决事项的表决意见及理由 （一）征集人的基本情况 本次征集投票权的征集人为公司现任独立董事徐胜利先生，其基本情况如下： 徐胜利先生：1981 年出生，中国国籍，无境外永久居留权，国际财务管理 师。自 2014 至 2023 年，任职于中兴通讯股份有限公司（000063.SZ）、上海神马 电力控股有限公司、深圳天行云供应链有限公司、深圳倍轻松科技股份有限公司 ...

证券代码：603530 证券简称：神马电力 公告编号：2024-090 江苏神马电力股份有限公司 关于召开 2024 年第三次临时股东大会的通知（更新 后） 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： 一、 召开会议的基本情况 (四)现场会议召开的日期、时间和地点 召开的日期时间：2024 年 8 月 8 日 14 点 30 分 召开地点：江苏省南通市苏通科技产业园海维路 66 号行政中心三楼会议室 股东大会召开日期：2024年8月8日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一)股东大会类型和届次 2024 年第三次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 8 月 8 日 至 2024 年 8 月 8 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时 ...

Financial Data and Key Metrics Changes - The company expects a net profit for the first half of the year to be between 132 million and 144 million, representing a year-on-year growth of 159% to 182% [9] - The non-GAAP net profit is projected to be between 129 million and 140 million, with a year-on-year growth of 172% to 197% [9] - In Q2 alone, the company achieved a net profit of 74 million, a year-on-year increase of 105% [9] Business Line Data and Key Metrics Changes - The high-voltage products, particularly in the substation segment, have seen a significant increase in delivery pace, contributing to revenue growth [14] - The company anticipates substantial growth in the distribution network business, which is expected to reach a million-level revenue, marking a tenfold increase [3] - The composite cross-arm products are projected to generate revenue of 50 to 60 million this year, with expectations to double next year [6] Market Data and Key Metrics Changes - Domestic orders account for approximately 51% to 52% of total orders, with domestic order growth outpacing that of overseas orders [2] - The overseas market is expected to see a growth rate of at least 25%, particularly in substation products [15] - The North American market shows a high acceptance of composite insulators, with expected growth exceeding 100% [15] Company Strategy and Development Direction - The company is planning to establish production facilities in North America and Southeast Asia to meet future market demands [6] - The focus will be on enhancing production capacity for high-value-added products, particularly in the ultra-high voltage and substation segments [15] - The company aims to maintain a gross margin of at least 40%, ideally approaching 50% through improved management and cost control [12] Management Comments on Operating Environment and Future Outlook - Management noted that the delivery volume for ultra-high voltage projects in the first half of the year exceeded 100 million, with expectations for a peak delivery period in the second half [3] - The company is optimistic about the future growth in the ultra-high voltage and overseas markets, driven by new product introductions and market expansion [15] - Management indicated that the pricing strategy will be flexible, responding to market supply and demand dynamics [8] Other Important Information - The company has successfully won a project in the UK worth approximately 50 million, which could lead to further opportunities involving 1,300 towers [11] - The acceptance of composite cross-arms in the European market is increasing, particularly in the context of energy transition projects [11] Q&A Session Summary Question: What are the reasons for the revenue growth in the first half of the year? - The revenue growth is primarily attributed to the increase in substation product volumes, especially in high-voltage products, along with contributions from overseas markets [16] Question: How has the revenue share of high-voltage products changed? - The revenue share of ultra-high voltage products in the substation segment has increased by approximately 5 percentage points compared to last year [16] Question: What is the expected delivery volume for ultra-high voltage projects this year? - The delivery volume for ultra-high voltage projects in the first half exceeded 100 million, with expectations for continued growth [3]

Financial Performance - The company expects net profit for the first half of the year to be between 132 million and 144 million, representing a year-on-year growth of 159% to 182 [2][3] - The net profit excluding non-recurring items is projected to be between 129 million and 140 million, with a year-on-year growth of 172% to 197 [2][3] - In Q2, the company achieved a net profit of 74 million, a year-on-year increase of 105%, while the net profit excluding non-recurring items was 73 million, up 111% [2][3] - Revenue for the first half of the year grew by 30%, with Q2 revenue increasing by 40%, exceeding market expectations [2][3] Business Lines and Key Indicators - The main drivers of revenue growth in the first half were substation products and seals, particularly the delivery of high voltage products in the domestic market [2][3] - The revenue share of ultra-high voltage products in substation products has increased by approximately 5 percentage points year-on-year [2][3] - The gross margin for ultra-high voltage products is significantly higher, exceeding conventional high voltage products by 10 to 20 percentage points [2][3] Market Data and Key Indicators - Domestic orders account for slightly more than overseas orders, with domestic order growth being notably faster, especially in substation products [2][3] - New orders signed in the first half of the year amounted to approximately 700 million, with a year-on-year growth of over 30% [2][3] - The growth rate of overseas orders is expected to be at least 25%, primarily concentrated in North American projects [4] Company Strategy and Industry Competition - The company is planning to build new production facilities in North America and Southeast Asia to meet future market demands [3][4] - The company aims to maintain a gross margin of no less than 40%, ideally approaching 50% through improved management and cost savings [2][3] - The company has strong pricing power due to the high added value and technological advantages of its composite products [3] Management Comments on Operating Environment and Future Outlook - Management indicated that the delivery volume of ultra-high voltage projects in the first half exceeded 100 million, with expectations for continued growth in delivery volume throughout the year [2][3] - The company is optimistic about future growth in high value-added products, particularly in ultra-high voltage, substations, and transmission lines [3][4] - The company is adjusting its pricing strategy based on market supply and demand dynamics, with potential for further price adjustments in response to raw material cost changes [2][3] Other Important Information - The company has implemented measures to control raw material costs, which positively impacts gross margins [2][3] - The acceptance of composite insulators in the North American market is increasing, with expectations for significant growth [4] Q&A Session Summary Question: What is the expected year-on-year growth rate for net profit and net profit excluding non-recurring items for the first half of the year? - The company anticipates net profit to be between 132 million and 144 million, with a growth rate of 159% to 182%, and net profit excluding non-recurring items to be between 129 million and 140 million, with a growth rate of 172% to 197 [2] Question: How did Q2 revenue and net profit perform? - In Q2, the company achieved a net profit of 74 million, a year-on-year increase of 105%, and net profit excluding non-recurring items was 73 million, up 111% [2] Question: What are the reasons for revenue growth in the first half? - The revenue growth was primarily driven by an increase in substation product deliveries, especially high voltage products in the domestic market [2] Question: What is the expected growth rate for overseas business? - The overseas business is expected to grow significantly, particularly in substation products, with core customers like ABB projected to see at least a 25% growth [4] Question: How is the company managing raw material cost fluctuations? - The company has implemented control measures for raw materials, which have positively impacted gross margins [2]

证券代码：603530 证券简称：神马电力 公告编号：2024-085 详见本公司于上海证券交易所网站（www.sse.com.cn）披露的《江苏神马电 力股份有限公司第三期限制性股票激励计划（草案）（修订稿）》及其摘要。 2024 年 7 月 22 日，江苏神马电力股份有限公司（以下简称"公司"）第五届 董事会第十四次会议在公司行政楼二楼会议室以现场和通讯表决方式召开。本次 会议的会议通知和材料于 2024 年 7 月 22 日通过电话、电子邮件、现场送达等方 式送达所有参会人员。本次会议应到董事 9 人，实到董事 9 人，董事长马斌先生 主持本次会议，公司部分监事、高级管理人员列席会议。 本次会议的召集、召开、表决程序符合《公司法》和《公司章程》等相关法 律法规的规定，会议决议合法、有效。 二、董事会会议审议情况 1、审议通过《<江苏神马电力股份有限公司第三期限制性股票激励计划（草 案）（修订稿）>及其摘要的议案》 表决情况：同意 9 票、反对 0 票、弃权 0 票。 江苏神马电力股份有限公司 董事会同意公司结合长期发展战略规划，综合外部多重因素，为实现激励作 用最大化，调整增加原激励计划中首次授予人数及 ...