Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Suzhou Shangteng Technology Manufacturing Co., Ltd., to support its business development and financing needs, with a maximum guarantee amount of RMB 50 million [1][4]. Group 1: Guarantee Overview - The company signed a "Maximum Guarantee Contract" with Bank of China Suzhou Wuzhong Branch, agreeing to provide joint liability guarantee for financing activities of Suzhou Shangteng [1][3]. - The total guarantee amount provided by the company to Suzhou Shangteng is RMB 100 million, which includes the current guarantee and a previously disclosed guarantee of RMB 50 million [2][3]. Group 2: Subsidiary Information - Suzhou Shangteng was established on December 25, 2020, with a registered capital of RMB 38.13359 million and is fully owned by the company [2]. - As of December 31, 2024, Suzhou Shangteng had total assets of RMB 664.62 million and total liabilities exceeding 70% of its assets [2][3]. Group 3: Guarantee Contract Details - The guarantee is a joint liability guarantee with a maximum principal balance of RMB 50 million, covering not only the principal but also interest, penalties, and other related costs [3]. - The guarantee period for each debt is three years from the maturity date of the respective debt [3]. Group 4: Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary and reasonable to support the subsidiary's business growth and financing, aligning with the company's overall development strategy [4]. - The company has a thorough understanding of the subsidiary's operational status and creditworthiness, ensuring that the risks associated with the guarantee are manageable [4]. Group 5: Board Approval and Total Guarantees - The board of directors approved the guarantee at meetings held on April 17, 2025, and May 9, 2025, authorizing the chairman to sign relevant agreements [4]. - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 380 million, representing 40.45% of the company's latest audited net assets [4].

证券代码：603657 证券简称:春光科技 公告编号：2025-030 金华春光橡塑科技股份有限公司 关于为全资子公司提供担保的进展公告 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： 一、担保情况概述及进展 （一）担保的基本情况 为满足及支持金华春光橡塑科技股份有限公司（以下简称"公司"）全资子公 司苏州尚腾业务发展及融资需求。近日公司与中国银行股份有限公司苏州吴中支行 （以下简称"中行吴中支行"）签订了《最高额保证合同》，约定公司为苏州尚腾在 中行吴中支行办理的融资业务等提供连带责任保证担保，担保最高本金余额为人民 币 5,000 万元。 （二）内部决策程序 公司于 2025 年 4 月 17 日、2025 年 5 月 9 日分别召开了第三届董事会第二十七 次会议、2024 年年度股东大会，审议通过了《关于预计为全资子公司提供担保额度 的议案》，预计公司为全资子公司苏州尚腾提供不超过人民币 10,000 万元的担保， 授权期限自股东大会审议通过之日 12 个月内。具体内容详见公司 2025 年 4 月 19 ...

Core Viewpoint - The company, Jinhua Chunguang Rubber and Plastic Technology Co., Ltd., announced the repurchase and cancellation of part of the restricted stock from its 2022 incentive plan due to unmet performance targets for the fiscal year 2024 and the disqualification of one incentive recipient for violating internal management rules [1][2][4]. Summary by Sections 1. Reasons for Repurchase and Cancellation - The repurchase and cancellation of restricted stocks were necessitated by the failure to meet the performance assessment criteria set for the fiscal year 2024, which required a revenue growth rate of no less than 90% based on 2021 revenue [2][4]. - The company plans to repurchase a total of 1,259,275 shares, which includes 951,400 shares from the first unlock period and 303,875 shares from the reserved second unlock period, along with 4,000 shares from one disqualified incentive recipient [2][4]. 2. Decision and Disclosure Process - The decision to repurchase and cancel the shares was approved during the 27th meeting of the third board of directors and the 20th meeting of the third supervisory board on April 17, 2025, following authorization from the first extraordinary general meeting of shareholders in 2022 [1][2]. - The company has fulfilled the creditor notification procedures as required by the Company Law, and no creditor has raised any claims regarding debt repayment or guarantees within the stipulated 45-day period [2]. 3. Share Structure Changes - Following the repurchase and cancellation, the company's share structure will change as follows: - Restricted tradable shares will decrease from 1,259,275 to 0 - Unrestricted tradable shares will remain at 135,190,050 - Total shares will decrease from 136,449,325 to 135,190,050 [5][6]. 4. Legal Compliance and Commitments - The board of directors confirmed that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive recipients or creditors [7]. - The company has verified and guaranteed the accuracy and completeness of the information regarding the repurchase and cancellation, and has informed the relevant incentive recipients without any objections raised [7]. 5. Legal Opinion - The legal opinion from Guohao Law Firm confirmed that the repurchase and cancellation have followed necessary procedures and comply with applicable laws, thus can be implemented legally [7].

证券代码：603657 证券简称:春光科技 公告编号：2025-029 金华春光橡塑科技股份有限公司 关于 2022 年限制性股票激励计划中部分限制性股票 回购注销实施公告 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： 回购注销原因：金华春光橡塑科技股份有限公司（以下简称"公司"或"春光 科技"）2022 年限制性股票激励计划（以下简称"《激励计划》"或"本次激励计划"）， 由于 2024 年度公司层面业绩考核不达标，故本次激励计划首次授予第三个解除限售期 以及预留授予第二个解除限售期解除限售条件未成就，同时还因 1 名激励对象严重违 反公司内部管理制度被解除劳动合同不再具备激励对象资格，因此公司需对前述已获 授但尚未解除限售限制性股票进行回购注销。 一、本次限制性股票回购注销的决策与信息披露 根据公司 2022 年第一次临时股东大会的授权，公司于 2025 年 4 月 17 日召 开第三届董事会第二十七次会议、第三届监事会第二十次会议，审议通过了《关 于回购注销 2022 年限制性股票激励计划部分限制性股票 ...

国浩律师（杭州）事务所 关 于 金华春光橡塑科技股份有限公司 2022 年限制性股票激励计划 部分限制性股票回购注销实施的 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年六月 国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关于金华春光橡塑科技股份有限公司 2022 年限制性股票激励计划 部分限制性股票回购注销实施的 法律意见书 致：金华春光橡塑科技股份有限公司 根据金华春光橡塑科技股份有限公司（以下简称"春光科技"或"公司"）与国 浩律师（杭州）事务所（以下简称"本所 ...

证券代码：603657 证券简称：春光科技 公告编号：2025-028 金华春光橡塑科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持前，袁鑫芳女士持有金华春光橡塑科技股份有限公司(以下简称"公 司")无限售流通股 2,124,500 股，占公司总股本的 1.56%，股票来源于公司首 次公开发行前取得、资本公积金转增股本取得以及股权激励限售股取得。 减持计划的实施结果情况 公司于 2025 年 6 月 6 日披露了《春光科技股东减持股份计划公告》(公告编 号：2025-026)。因个人资金需求，袁鑫芳女士计划采取集中竞价方式减持不超 过 1,000,000 股，占公司总股本比例的 0.73%。截至本公告披露日，本次减持计 划实施完毕，期间袁鑫芳女士通过集中竞价方式减持公司股份 1,000,000 股，占 目前公司总股本比例 0.73%。 一、减持主体减持前基本情况 | 股东名称 | 袁鑫芳 | | | | --- | --- | --- ...

Investment Rating - The report suggests a focus on the home appliance sector, indicating a strong certainty in domestic demand growth and potential for export growth in emerging markets [7][40]. Core Insights - The adjustment of national subsidy policies aims to optimize resource allocation and enhance fund efficiency, guiding the industry towards high-quality development [3][14]. - The subsidy model is shifting from a "universal" approach to "precise control," with a pilot "quota allocation" model in Jiangsu expected to become a national standard [3][16]. - The current funding disbursement mechanism may transition from a pre-allocation based on reimbursement ratios to a "total pre-allocation" system, improving cash flow for enterprises [3][16]. - Online supervision is being strengthened to reduce arbitrage opportunities, with regions like Guangdong and Shanghai tightening cross-regional subsidies [3][16]. - The price system is expected to stabilize, with leading brands likely to initiate structural price increases as subsidy limits are imposed, leading to a more rational competitive environment [3][17]. Market and Sector Tracking - The Shanghai and Shenzhen 300 Index increased by 0.88%, while the Shenwan Home Appliance Index decreased by 1.4% [4][18]. - Key stock performers included Springlight Technology (+28.64%), Beilingsong (+21.17%), and Hesheng New Materials (+15.81%), while Midea Group (-4.25%), Hisense Visual (-3.98%), and Boss Electric (-3.74%) saw declines [4][18]. - Raw material prices showed a mixed trend, with copper prices up by 1.45% and aluminum prices down by 0.80% during the week [21][23]. Real Estate Data Tracking - In April 2025, the cumulative area of new residential construction was 131,639.8 thousand square meters, down 22.6% year-on-year [5][32]. - The cumulative area of residential construction was 4,319,367.5 thousand square meters, down 10.1% year-on-year [5][32]. Investment Recommendations - The report recommends focusing on three main lines: 1) Capitalizing on domestic demand and subsidy policies, particularly in the white goods sector [7][40]. 2) Investing in the black goods sector, which continues to show structural upgrade logic [7][40]. 3) Targeting the cleaning appliance segment, which remains promising in terms of growth [7][40].

证券代码：603657 证券简称:春光科技 公告编号：2025-027 金华春光橡塑科技股份有限公司 股票交易异常波动公告 重要内容提示： 金华春光橡塑科技股份有限公司（以下简称"公司"或"春光科技"）股票 于 2025 年 6 月 4 日、2025 年 6 月 5 日、2025 年 6 月 6 日连续三个交易日内收盘价 格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于 股票交易异常波动情形。 经公司自查并向控股股东及实际控制人书面发函核实，截至本公告披露日， 确认不存在应披露而未披露的重大事项或重要信息。 公司提醒投资者注意投资风险，公司股价短期波动较大，敬请广大投资者注 意二级市场交易风险，理性决策，审慎投资。 一、股票交易异常波动的具体情况 公司股票于 2025 年 6 月 4 日、2025 年 6 月 5 日、2025 年 6 月 6 日连续三个交 易日内收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有 关规定，属于股票交易异常波动情形。 二、公司关注并核实的相关情况 （一）生产经营情况 公司日常经营情况及外部环境未发生重大变化。 （二）重大事项情况 ...

春光科技：股东袁鑫芳计划通过二级市场以集中竞价方式减持其持有的公司股份100万股 智通财经6月6日电，春光科技(603657.SH)公告称，公司股票连续三个交易日内收盘价格涨幅偏离值累 计超过20%，属于股票交易异常波动情形。公司所属行业的国内企业主要集中在苏州、广东和浙江三 省，行业同质化竞争激烈，公司2024年度经营业绩下滑主要原因之一即为公司产品售价下降，综合毛利 率下滑所致。若客户降本需求进一步加剧，则可能会进一步影响公司产品售价下降的风险，从而存在持 续对公司的经营业绩造成不利影响的风险。公司于2025年6月6日在指定信息披露媒体披露了《春光科技 股东集中竞价减持股份计划公告》，股东袁鑫芳计划通过二级市场以集中竞价方式减持其持有的公司股 份100万股，公司敬请广大投资者注意上述股东减持风险。 ...

Group 1 - Baiyunshan received drug registration certificate for Tadalafil tablets (2.5mg, 5mg) from the National Medical Products Administration, indicating its entry into the erectile dysfunction treatment market [1] - Huayin Power plans to invest approximately 1.398 billion yuan in three renewable energy projects with a total installed capacity of 230 MW [2] - GAC Group reported a 24.8% year-on-year decline in May automobile sales, with total sales of 117,700 units [3] Group 2 - Honghui Fruits and Vegetables announced a potential change in control due to share transfer negotiations, leading to a temporary suspension of its stock and convertible bonds [4] - Fuyuan Pharmaceutical's subsidiary received a drug registration certificate for Bromhexine Hydrochloride oral solution, aimed at treating respiratory diseases [5][6] - Jianghan New Materials plans to repurchase shares worth 200 million to 400 million yuan, with a maximum price of 30 yuan per share [7][8] Group 3 - Sinan Navigation received an administrative regulatory decision from the Shanghai Securities Regulatory Bureau due to multiple issues in its 2024 annual report [9][10] - Hesheng Co. received approval from the China Securities Regulatory Commission for a stock issuance to specific investors [11] - Daqin Railway reported a 1.85% year-on-year decrease in cargo transportation volume in May, totaling 32.96 million tons [13] Group 4 - Ningbo Construction's subsidiary won a design and construction project with a bid of 787 million yuan [14] - Yuehongyuan A announced the termination of a major asset restructuring plan due to failure to reach an agreement on key terms [15][16] - Mingyang Smart Energy reached a 190 million yuan repurchase agreement with Haiji New Energy [18] Group 5 - CNE Group's subsidiary plans to reduce registered capital from 430 million yuan to 330 million yuan [19] - ST Baili received an administrative penalty for failing to disclose non-operating fund occupation matters, resulting in a fine of 4 million yuan [21] - Baichuan Co. completed the repurchase of a 7.14% stake in its subsidiary for 50 million yuan [22] Group 6 - Dongrui Co. reported May sales of 155,400 pigs, generating revenue of 203 million yuan, a decrease of 8.77% month-on-month [25][26] - Pengding Holdings reported a 22.43% year-on-year increase in May consolidated revenue, totaling 2.598 billion yuan [27] - Dabeinong reported May sales of 727,600 pigs, with total revenue of 1.248 billion yuan [28] Group 7 - Lihua Co. reported a 4.77% year-on-year decrease in May chicken sales revenue, totaling 1.118 billion yuan [29][30] - Jindan Technology plans to use up to 300 million yuan of idle funds for entrusted wealth management [31] - Youxunda won a project from the State Grid worth approximately 176 million yuan [33][34] Group 8 - Shenglan Co. received approval for its convertible bond issuance from the Shenzhen Stock Exchange [35][36] - Jingfang Technology's shareholder plans to reduce holdings by up to 2% of the company's shares [37] - Shiji Information's subsidiary signed a significant contract with Marriott for cloud services [39] Group 9 - Northeast Securities' subsidiary plans to terminate its listing on the New Third Board [40] - Yaji International's supervisor is under investigation for insider trading [42][43] - Yian Technology signed a strategic cooperation framework agreement with Shenzhen Hive Interconnect Technology [44] Group 10 - Jinyu Group's subsidiary acquired a real estate project for 3.364 billion yuan [46][47] - Kaiweite's major shareholder plans to reduce holdings by up to 3% of the company's shares [48] - Ningbo Energy's subsidiary plans to publicly transfer fixed assets valued at approximately 17.4372 million yuan [49]