证券代码：603856 证券简称：东宏股份 公告编号：2025-052 山东东宏管业股份有限公司 关于公司董事离任暨选举职工代表董事的公告 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。 根据《公司法》《上市公司章程指引》等相关法律法规和规范性文件以及《公 司章程》的相关规定，公司设一名职工代表担任的董事，由公司职工代表大会选 举产生。公司于 2025 年 9 月 12 日召开职工代表大会，经全体与会职工代表认真 审议并表决，一致同意选举王立凯先生（简历附后）为公司第四届董事会职工代 表董事，任期自公司职工代表大会选举之日起至公司第四届董事会任期届满之日 止。 重要内容提示： 山东东宏管业股份有限公司（以下简称"公司"）于 2025 年 9 月 12 日召开 2025 年第一次临时股东大会，审议通过《关于取消监事会并修订<公司章程>的 议案》，依据新修订的《公司章程》，公司不再设置监事会，董事会成员包含一名 职工代表董事。根据《公司法》《上海证券交易所上市自律监管指引第 1 号—— 规范运作》等法律法规和规范性文件及《公司章程 ...

北京市天元律师事务所 关于山东东宏管业股份有限公司 2025 年第一次临时股东大会的法律意见 了充分的核查验证，保证本法律意见所认定的事实真实、准确、完整，所发表的结论 性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责 任。 本所及经办律师同意将本法律意见作为本次股东大会公告的法定文件，随同其他 公告文件一并提交上海证券交易所（以下简称"上交所"）予以审核公告，并依法对出 具的法律意见承担责任。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对公司提供 的文件和有关事实进行了核查和验证，现出具法律意见如下： 一、 本次股东大会的召集、召开程序 公司第四届董事会于 2025 年 8 月 26 日召开第二十一次会议做出决议召集本 次股东大会，并于 2025 年 8 月 28 日通过指定信息披露媒体发出了《召开股东大会 通知》。该《召开股东大会通知》中载明了召开本次股东大会的时间、地点、审议 事项、投票方式和会议出席对象等内容。 京天股字（2025）第 591 号 致：山东东宏管业股份有限公司 山东东宏管业股份有限公司（以下简称"公司"）2025 年第一次临时股东大 会（以下 ...

证券代码：603856 证券简称：东宏股份 公告编号：2025-051 山东东宏管业股份有限公司 2025年第一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。 重要内容提示： 本次会议是否有否决议案：无 (一)股东大会召开的时间：2025 年 9 月 12 日 (二)股东大会召开的地点：山东省曲阜市崇文大道 6 号公司会议室 (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 | 174 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 172,579,513 | | 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（%） | 61.1862 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由山东东宏管业股份有限公司董事会召集，采用现场投票和网 络投票相结合的方式表决，现场会议由公司董事长倪立营先生主持。本次会议的 召集、召开及表决方式均符合《 ...

山东东宏管业股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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。 一、本次说明会召开情况 山东东宏管业股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日发布 了《关于召开 2025 年半年度业绩说明会的公告》（公告编号：2025-048），并通 过上证路演中心网站"提问预征集"栏目以及邮件等方式提前征集投资者所关注 的问题。 证券代码：603856 证券简称：东宏股份 公告编号：2025-050 答：尊敬的投资者您好，感谢您对我公司的关心与支持，就您关心的问题作 出以下说明：公司制定了《市值管理制度》，并将严格按照该管理制度持续做好 市值管理工作。一是做好"价值创造"工作，加大市场开拓，持续提升经营管理 水平和盈利能力；二是重视投资者回报，持续现金分红。自上市以来，公司每年 通过连续稳定的现金分红维护公司价值及投资者权益；三是持续做好"价值传递" 工作，通过召开业绩说明会、接待投资者调研、接听投资者电话等方式保持与投 资者的良好沟通，促进投资者对公司投资 ...

Key Points - The core viewpoint of the articles highlights significant corporate announcements, including project investments, contract awards, share buybacks, and operational data, indicating various companies' strategic movements and financial performance [1][2]. Company Announcements - Zhaoxiang Technology's sulfide solid electrolyte project is currently in the pilot test stage and has not yet generated sales revenue [1] - Gansu Energy plans to invest approximately 4.089 billion yuan in the construction of a 1 million kilowatt wind-solar integrated project in Minqin [1] - Donghong Co., Ltd. signed a contract worth 109 million yuan for the procurement of pressure steel pipes and accessories [1] - Zhangjiang Hi-Tech's subsidiary intends to transfer 100% equity and related debts of Shanghai Jixin Rui Architectural Technology [1] - Baipusais completed a share buyback, spending a total of 29.8504 million yuan to repurchase 612,700 shares [2] Operational Data - Changyuan Power reported a total power generation of 3.771 billion kilowatt-hours in August, a year-on-year decrease of 6.03% [2] - Jindi Group achieved a cumulative contract amount of 21.95 billion yuan from January to August, reflecting a year-on-year decline of 53.91% [2] Shareholding Changes - Shareholder Zhong Yinghao of Yongfenghua plans to reduce his holdings by no more than 2% [2] - Yidongxing and Zhao Yanxing of Baolande intend to collectively reduce their holdings by no more than 3% [2] - Guokai Manufacturing Fund and Guokai Science and Technology plan to reduce their holdings in Xinke Mobile by no more than 1% [2] Other Developments - Changqing Technology plans to issue convertible bonds to raise no more than 800 million yuan [2] - Tieliu Co., Ltd. signed a framework agreement with the Yangtze River Delta Hart Robot Industry Technology Research Institute [2]

证券代码：603856 证券简称：东宏股份 公告编号：2025-049 山东东宏管业股份有限公司 关于中标项目签订合同的进展公告 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： 合同类型及金额：《某工程压力钢管及配件采购Ⅰ标合同》，合同总金 额为人民币 108,786,976.01 元。 合同生效条件：双方法定代表人（或授权人）签字并加盖公章后生效。 合同履行期限：自合同生效之日起至双方权利、义务履行完毕之日止。 对上市公司当期业绩的影响：该合同的签订对公司的经营业绩产生积极 影响。 特别风险提示：合同条款中已对合同金额、生效条件、支付方式、违约 责任等内容做出了明确约定，合同各方也均有履约能力，但在合同履行过程中， 如遇政策、市场、环境等不可预计或不可抗力等因素的影响，可能会导致合同无 法如期或全部履行。敬请广大投资者注意投资风险。 一、审议程序情况 山东东宏管业股份有限公司（以下简称"公司"）近日与某客户（以下简称 "买方"）签订了《某工程压力钢管及配件采购Ⅰ标合同》，公司履行了签订该 合同相应的内部审批程 ...

Core Viewpoint - Donghong Co., Ltd. (603856.SH) has signed a contract worth RMB 109 million for the procurement of pressure steel pipes and related components for a specific project [1] Group 1 - The total contract amount is RMB 109 million [1] - The buyer has accepted the company's bid for the materials, technical services, and warranty services related to the contract [1]

Core Points - The company is holding its first extraordinary general meeting of shareholders in 2025 on September 12, 2025, at 15:00 [3][4] - The meeting will include a combination of on-site and online voting methods for decision-making [3][4] - A key agenda item is the proposal to abolish the supervisory board and amend the company's articles of association [4][5] Meeting Procedures - Shareholders must register according to the notice published on the Shanghai Stock Exchange website to participate in the meeting [1][2] - A meeting service team will be established to manage the procedures and services during the meeting [1] - Attendees are required to maintain order and may only speak on the agenda items after registering in advance [2][4] Voting and Legal Oversight - Voting will be conducted both on-site and through the Shanghai Stock Exchange's online voting system [3][4] - The meeting will be witnessed by a lawyer from Beijing Tianyuan Law Firm, who will provide a legal opinion [2][4] Agenda Items - The agenda includes the signing in of shareholders, the announcement of the meeting's commencement, and the reading of the meeting rules [4][5] - The proposal to cancel the supervisory board is based on regulatory changes and aims to enhance corporate governance [4][5] - Amendments to the articles of association will reflect the new governance structure and legal requirements [5][6]

山 东 东 宏 管 业 股 份 有 限 公 司 2 0 2 5 年 第 一 次 临 时 股 东 大 会 会 议 资 料 二○二五年九月十二日 1 东宏股份 2025 年第一次临时股东大会会议资料 目录 | 山东东宏管业股份有限公司 | 2025 年第一次临时股东大会参会须知 | 3 | | --- | --- | --- | | 山东东宏管业股份有限公司 | 2025 年第一次临时股东大会会议议程 | 4 | | 议案一： | 关于取消监事会并修订《公司章程》的议案 | 6 | | 议案二： | 关于制定和修订公司部分治理制度的议案 | 54 | 2 东宏股份 2025 年第一次临时股东大会会议资料 山东东宏管业股份有限公司 2025 年第一次临时股东大会参会须知 为维护股东的合法权益，保障股东在公司 2025 年第一次临时股东大会期间 依法行使权利，确保股东大会的正常秩序和议事效率，根据《中华人民共和国公 司法》、《山东东宏管业股份有限公司章程》、《山东东宏管业股份有限公司股东大 会议事规则》的有关规定，制定本须知。 一、 各股东请按照本次股东大会会议通知（详见刊登于上海证券交易所 网站（www.sse.c ...

Investment Rating - The investment rating for the company is "Buy" with a target price of RMB 13.50 [7][8]. Core Views - The company reported a revenue of RMB 1.061 billion for H1 2025, a year-on-year decrease of 32.78%, and a net profit attributable to shareholders of RMB 102 million, down 32.31% year-on-year. The decline in revenue is attributed to slower construction progress and significant price competition in the pipeline industry [1][2]. - Despite the challenges, the demand for engineering pipelines is expected to improve due to the rapid implementation of major water conservancy projects and urban renewal initiatives [1][4]. - The company has a sufficient order backlog, and as key engineering projects progress in the second half of the year, the order backlog is expected to be released [2]. Summary by Sections Financial Performance - In H1 2025, the company achieved revenue of RMB 1.061 billion, with a Q2 revenue of RMB 539 million, reflecting a year-on-year decline of 42.23% and a quarter-on-quarter increase of 3.37%. The net profit for Q2 was RMB 59.04 million, down 40% year-on-year but up 37.84% quarter-on-quarter [1][2]. - The gross margin for H1 2025 was 20.08%, a slight increase of 0.55 percentage points year-on-year. The gross margins for pipe sales and pipeline engineering installation were 23.4% and 45.0%, respectively [2]. Cost and Cash Flow - The operating expense ratio for H1 2025 was 12.34%, an increase of 2.93 percentage points year-on-year. The company effectively controlled accounts receivable, which decreased by 5.27% compared to the beginning of the year [3]. - The net cash flow from operating activities was RMB 41 million, a year-on-year increase of 125.60%, primarily due to increased cash received from sales of goods and services [3]. Industry Outlook - The company is positioned to benefit from national policies promoting the construction of water and gas pipelines, as well as urban infrastructure upgrades. This presents a significant opportunity for the pipeline industry [4]. - The company plans to leverage its comprehensive pipeline industry chain advantages and adopt a dual sales model to enhance its market position [4]. Profit Forecast and Valuation - The profit forecasts for 2025-2027 have been revised downwards due to ongoing price competition in the short-cycle pipeline industry. The expected net profits for 2025, 2026, and 2027 are RMB 153 million, RMB 177 million, and RMB 224 million, respectively [5][11]. - The company is assigned a PE valuation of 25 times for 2025, leading to an adjusted target price of RMB 13.50, reflecting a favorable outlook based on its strategic positioning and market conditions [5].