国浩律师（上海）事务所 股东会法律意见书 国浩律师（上海）事务所 关于雪龙集团股份有限公司 2025 年第二次临时股东会的法律意见书 致：雪龙集团股份有限公司 雪龙集团股份有限公司（以下简称"公司"）2025 年第二次临时股东会(以下 或称"本次股东会")于 2025 年 11 月 19 日召开，国浩律师（上海）事务所（以下 简称"本所"）接受公司的委托，指派律师（以下简称"本所律师"）出席会议， 并依据《中华人民共和国证券法》《中华人民共和国公司法》、中国证券监督管理 委员会《上市公司股东会规则》和《雪龙集团股份有限公司章程》（以下简称"《公 司章程》"）出具本法律意见书。 本所律师已经按照有关法律、法规的规定对公司本次股东会召集、召开程序是 否合法以及是否符合《公司章程》规定、出席会议人员的资格、召集人资格的合法 有效性和股东会表决程序、表决结果的合法有效性发表法律意见。法律意见书中不 存在虚假、严重误导性陈述及重大遗漏，否则愿意承担相应的法律责任。 本所律师是根据对事实的了解和对法律的理解发表法律意见。 本法律意见书依据国家有关法律、法规的规定而出具。 本所律师同意将本法律意见书作为公司 2025 年第 ...

Core Viewpoint - The company reported significant growth in net profit for Q3 2025, driven by increased sales volume and improved internal management efficiency [1][2]. Group 1: Q3 Performance and Drivers - For the first nine months of 2025, the company's operating revenue increased by 17.93%, while the net profit attributable to shareholders, excluding non-recurring gains and losses, surged by 83.10% [1]. - In Q3 2025, the net profit attributable to shareholders, excluding non-recurring gains and losses, saw a remarkable increase of 218.78% [1]. - The growth was attributed to two main factors: increased sales volume of core products due to the recovery of the commercial vehicle market and ongoing optimization of internal management, including production automation and cost control [1]. Group 2: Future Performance and Sustainability - The company's performance sustainability is supported by steady growth in core products, effective cost management, the completion of new production facilities, and ongoing advancements in new energy products [2]. - The company plans to release production capacity effectively after the completion of new production bases, which will enhance operational efficiency and support long-term growth [2]. Group 3: New Energy Business Developments - In the new energy commercial vehicle sector, the company’s high and low-voltage electronic fans are positioned as key components, with ongoing trials and the construction of new factories expected to drive future growth [3]. - The company possesses a nearly complete production chain, enhancing product competitiveness through high self-manufacturing rates [3]. - Core technologies developed, such as low-voltage electronic fan assembly technology, have the potential to be adapted for new energy passenger vehicle thermal management systems, providing avenues for future market expansion [3]. Group 4: Capacity and Client Development - The company is currently operating at a high capacity utilization rate and is developing a new innovation and digital factory project to address increasing order demands, which will significantly enhance manufacturing scale and responsiveness [4][5]. - The company has successfully expanded its client base, establishing strong partnerships with numerous high-end domestic and international clients, including major manufacturers in the commercial vehicle sector [5].

Core Viewpoint - The company Snow Dragon Group held a Q3 2025 earnings presentation on November 18, 2025, to discuss its significant profit growth and future strategies with investors [1][2]. Group 1: Earnings Performance - For the first nine months of 2025, the company's revenue increased by 17.93%, and the net profit attributable to shareholders, excluding non-recurring gains and losses, surged by 83.10%. In Q3 alone, this net profit saw a remarkable increase of 218.78% year-on-year [3]. - The profit growth was driven by two main factors: an increase in sales volume of core products, particularly the intelligent electronic control silicon oil clutch fan assembly, and ongoing internal management optimization, which improved operational efficiency and controlled production costs [3]. Group 2: Future Performance Outlook - The sustainability of the company's performance is supported by steady growth in core products, effective cost control through refined management, the completion of new production facilities, and ongoing advancements in new energy products [4]. - The company is optimistic about its annual performance, with expectations of continued growth in its core product lines and enhanced production capacity from new facilities [4]. Group 3: New Energy Business Developments - In the new energy commercial vehicle sector, the company is focusing on high and low-pressure electronic fans as key components for thermal management. Progress in trials with major manufacturers and the construction of new factories are expected to drive future growth [5]. - The company has a nearly complete production chain, which enhances product competitiveness through in-house production capabilities [5][6]. Group 4: Capacity and Order Management - The company is currently operating at a high capacity utilization rate. A new site in Ningbo Beilun is being developed for a key component innovation center and smart digital factory, which will alleviate existing capacity constraints and improve order response capabilities [7]. Group 5: Customer Acquisition - The company has successfully expanded its customer base, establishing strong partnerships with both domestic and international high-end clients, including major manufacturers like FAW Jiefang and Caterpillar. This broad customer coverage is expected to support long-term sustainable development [8].

Core Insights - Snow Dragon Group reported a revenue of 316 million yuan for the first three quarters of 2025, representing a year-on-year growth of 17.93% [2] - The net profit attributable to shareholders reached 61.04 million yuan, up 36.94% year-on-year, while the net profit excluding non-recurring items surged by 83.10% to 53.42 million yuan [2] - In Q3 alone, the company achieved a revenue growth of 38.32% and a net profit growth of 67.27% [2] Performance Drivers - The growth is driven by "market recovery empowerment" and "internal management efficiency," with increased sales volume and effective cost control through automation and refined management [2] - The company is actively preparing for future growth by investing in new technologies and products in line with the long-term trends of electrification and intelligence in the industry [2] New Product Development - Since 2025, the company has intensified resource investment and formed specialized R&D teams to optimize the performance of low-voltage electric fan assemblies and accelerate the development of high-power electric fan assemblies for new energy commercial vehicles [3] - The company’s high and low-voltage electronic fans are positioned as core components for new energy cooling systems, entering a critical advancement phase with ongoing trials and capacity releases [3] Market Positioning - The company is well-positioned to capitalize on the structural changes in the global commercial vehicle thermal management market, targeting the mid-market opportunities in new energy engineering machinery [3] - If the company achieves mass production of high-voltage products by 2026, it is expected to benefit significantly from the industry's transformation [3] Infrastructure Development - To support future product commercialization and meet market demand, the company is advancing the construction of a new production base in Ningbo Beilun, which will enhance manufacturing scale and order response capabilities [3]

证券代码：603949 证券简称：雪龙集团 公告编号：2025-077 关于2025年第三季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。 雪龙集团股份有限公司（以下简称"公司"）于2025年11月18日9:00-10:00，通过 上证路演中心以网络互动的方式召开"雪龙集团股份有限公司2025年第三季度业绩 说明会"。关于本次说明会的召开事项，公司已于2025年10月28日在上海证券交易 所网站（www.sse.com.cn）及指定媒体披露了《雪龙集团股份有限公司关于召开 2025年第三季度业绩说明会的公告》（公告编号：2025-075）。 现将本次说明会召开情况公告如下： 一、本次说明会召开情况 2025年11月18日，公司董事长贺财霖先生、副董事长兼总经理贺频艳女士、独 立董事俞小莉女士、副总经理兼董事会秘书竺菲菲女士、财务负责人张家骅先生出 席了本次说明会，与投资者进行了互动交流和沟通，在信息披露允许的范围内就投 资者关注的问题进行了回复。 二、本次会议投资者提出的主要问题及公司的回复情况 公 ...

Core Viewpoint - The company announced a Q3 earnings briefing scheduled for November 18, 2025, highlighting significant revenue and profit growth driven by product sales and management optimization [1] Financial Performance - For the first nine months of 2025, the company reported a revenue increase of 17.93% year-on-year [1] - The non-recurring net profit attributable to the parent company grew by 83.10% year-on-year [1] - In Q3 alone, the non-recurring net profit saw a remarkable increase of 218.78% year-on-year [1] Growth Drivers - The growth is attributed to increased sales of core products, effective cost control, capacity release, and advancements in new energy products [1] - The company anticipates that high and low-voltage electronic fans will be key growth drivers in the new energy business [1] - The establishment of a new production base is expected to overcome capacity bottlenecks and enhance customer coverage [1]

雪龙集团股份有限公司 Xuelong Group Co.,Ltd. （证券代码：603949 证券简称：雪龙集团） 2025 年第二次临时股东会 会议资料 中国·宁波 二〇二五年十一月 目 录 | 雪龙集团股份有限公司 | | 2025 年第二次临时股东会会议须知 1 | | --- | --- | --- | | 雪龙集团股份有限公司 | | 2025 年第二次临时股东会会议议程 3 | | 议案一 关于聘任 | 2025 | 年度会计师事务所的议案 4 | 雪龙集团股份有限公司 2025 年第二次临时股东会会议须知 各位股东及股东代表： 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 议顺利进行，依据《公司法》《证券法》、中国证监会《上市公司股东会规则》 及《公司章程》等相关规定，特制定本须知： 一、为保证本次股东会的严肃性和正常秩序，切实维护参会股东的合法权益， 除出席股东会的股东、股东代理人、公司董事、高级管理人员、见证律师及公司 董事会邀请的人员外，公司有权依法拒绝其他人员进入会场。 二、为确认本次股东会出席者的出席资格，会议工作人员将对参会人员的身 份进行必要的核对工作，参会人 ...

证券代码：603949 证券简称：雪龙集团 公告编号：2025-076 雪龙集团股份有限公司 关于使用部分闲置募集资金进行现金管理的 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： 已履行及拟履行的审议程序：雪龙集团股份有限公司（以下简称"公司"） 于 2025 年 10 月 27 日召开第五届董事会第二次会议，审议通过《关于公司使用 部分暂时闲置募集资金进行现金管理的议案》，同意公司使用不超过人民币 7,000 万元（含 7,000 万元）的暂时闲置募集资金进行现金管理，用于购买安全性高、 流动性好、有保本约定的投资产品（包括但不限于结构性存款、大额存单等安全 性高的保本型产品）。自本次董事会审议通过之日起 12 个月内，在上述期限及额 度内可循环滚动使用。 特别风险提示：公司本次购买的理财产品为保本型理财产品，但金融市 场受宏观经济的影响较大，不排除该项投资受到市场风险、波动风险、流动性风 险等投资风险影响，投资的实际收益不可预期。 一、投资情况概述 （一）投资目的 投资种类：结构性存款 投资金额 ...

Core Viewpoint - Xuelong Group (603949.SH) reported its Q3 2025 results, highlighting a significant presence of institutional investors holding 42.79% of its total shares, with a slight decrease in institutional ownership compared to the previous quarter [1] Institutional Ownership - As of October 27, 2025, seven institutional investors disclosed their holdings in Xuelong Group, totaling 90.34 million shares, which represents 42.79% of the company's total equity [1] - The institutional ownership percentage decreased by 0.06 percentage points compared to the previous quarter [1] Public Fund Participation - In this reporting period, nine public funds were disclosed, including Hai Futong CSI 300 Enhanced C, Huatai-PB CSI 2000 Index Enhanced A, Southern CSI 2000 ETF, and others [1]

Core Viewpoint - Xuelong Group (603949.SH) reported a strong performance in the third quarter of 2025, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The total operating revenue for the first three quarters of 2025 reached 316 million yuan, representing a year-on-year increase of 17.93% [1] - The net profit attributable to shareholders of the parent company was 61.04 million yuan, showing a year-on-year growth of 36.94% [1] - The basic earnings per share stood at 0.29 yuan [1]