Group 1 - The core viewpoint of the announcement is the successful convening of the first extraordinary general meeting of shareholders for Jiangsu Gongchuang Artificial Turf Co., Ltd. in 2025, with all resolutions passed without any objections [1][2]. - The meeting was held on September 19, 2025, at the Dadi Construction Building in Nanjing, and was presided over by the chairman Wang Qiangxiang, utilizing a combination of on-site and online voting methods [2][3]. - All current directors and supervisors attended the meeting, confirming the legitimacy of the meeting's proceedings and the qualifications of the attendees [2][4]. Group 2 - The following resolutions were passed during the meeting: 1. Cancellation of the Supervisory Board and amendment of the Articles of Association 2. Revision of the Rules of Procedure for Shareholders' Meetings 3. Revision of the Rules of Procedure for Board Meetings 4. Change of the company's registered capital and amendment of the Articles of Association [2][3]. - The voting results for the special resolutions required a two-thirds majority of the voting rights held by shareholders present at the meeting, which was achieved for resolutions 1 and 4 [3][4]. - The legal proceedings of the meeting were verified by Beijing Dacheng (Nanjing) Law Firm, confirming compliance with relevant laws and regulations [4][5].

证券代码：605099 证券简称：共创草坪 公告编号：2025-048 江苏共创人造草坪股份有限公司 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、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 19 日 (二)股东大会召开的地点：南京市华侨路 56 号大地建设大厦 20 楼会议室 (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 | 248 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 357,345,448 | | 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 | 88.7877 | | 份总数的比例（%） | | (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。 本次股东大会由公司董事会召集，董事长王强翔先生主持，采用现场投票与 网络投票相结合的方式召开，符合《公司法》及《公司章程》的有 ...

www.dentons.cn 南京市鼓楼区集慧路 18 号联创大厦 A 座 7-11 层（210036） 18 Jihui Road, 7-11/F of Building A, Lianchuang Mansion, Gulou District,Nanjing,China,210036 Tel: +86-25-8375 5101 Fax: +86-25-8375 5005 北京大成（南京）律师事务所 关于江苏共创人造草坪股份有限公司 2025 年第一次临时股东大会的法律意见书 致：江苏共创人造草坪股份有限公司 北 京 大 成 （ 南 京 ） 律 师 事 务 所 关 于 江 苏 共 创 人 造 草 坪 股 份 有 限 公 司 2025 年 第 一 次 临 时 股 东 大 会 的 法 律 意 见 书 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性文 件的要求，北京大成律师事务所（以下简称"本所"）接受江苏共创人造草坪股份 有限公司（以下简称"公 ...

Group 1 - The core announcement is regarding the stock option and restricted stock incentive plan for 2024 by Gongchuang Turf (605099) [1] - The total number of shares for this stock listing is 432,965 shares [1] - The stock listing date for the first unlock period of the restricted shares is set for September 25, 2025 [1]

证券代码：605099 证券简称：共创草坪 公告编号：2025-047 江苏共创人造草坪股份有限公司 关于 2024 年股票期权与限制性股票激励计划首次授 予部分第一个解除限售期限制性股票解除限售暨上 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 432,965股。 本次股票上市流通总数为432,965股。 本次股票上市流通日期为2025 年 9 月 25 日。 江苏共创人造草坪股份有限公司（以下简称"公司"）于 2025 年 7 月 29 日召开 第三届董事会第九次会议、第三届监事会第九次会议，审议通过《关于 2024 年股 票期权与限制性股票激励计划首次授予第一个行权期行权条件及第一个限售期解 除限售条件成就的议案》，公司《2024 年股票期权与限制性股票激励计划（草案）》 （以下简称《激励计划》）首次授予部分第一个解除限售期的解除限售条件已经成 就。现将有关事项说明如下： 一、本次激励计划批准及实施情况 （一）2024 年股票期权与限制 ...

公司已根据法律规定就本次股份回购注销部分限制性股票事宜履行通知债 权人程序。具体内容详见公司于 2025 年 7 月 31 日在上海证券交易所网站 （www.sse.com.cn）及指定信息披露媒体披露的《关于回购注销部分限制性股票 减少注册资本通知债权人的公告》（公告编号：2025-034）。截至本公告日，公 示期已满 45 天，在此期间公司未收到债权人要求清偿债务或者提供相应担保的 申报。 2025 年 9 月 15 日，公司披露了《江苏共创人造草坪股份有限公司关于股权 激励限制性股票回购注销实施的公告》，本次回购注销限制性股票数量为 835 股（公告编号：2025-045）。 1 二、本次限制性股票的回购与注销情况 证券代码：605099 证券简称：共创草坪 公告编号：2025-046 江苏共创人造草坪股份有限公司 关于部分股权激励限制性股票回购注销完成的公告 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。 一、本次股权激励限制性股票回购注销的决策与信息披露 江苏共创人造草坪股份有限公司（以下简称"公司"）于 20 ...

Summary of Conference Call for Gongchuang Turf Company Overview - Gongchuang Turf has experienced significant order growth in Q3 2025, primarily due to improved international trade conditions and reduced impact from U.S. tariffs on Vietnam [2][5] - The company maintains a fixed dividend policy, distributing 50% of annual profits, which will not change in the future [9][31] Industry Insights - The overseas market accounts for nearly 90% of Gongchuang Turf's business, with domestic demand improving due to sports events and private capital entering the market [2][6] - The domestic artificial turf market is growing rapidly, driven by government encouragement for social football fields, although growth in sports turf demand is expected to be slower than that of leisure turf over the next five years [4][17] Financial Performance - In H1 2025, Gongchuang Turf achieved stable revenue and profit growth, with Q3 orders significantly better than Q2, indicating a positive outlook for Q4 [3][29] - The company’s gross margin remains above 30%, despite fluctuations in raw material prices [11][12] Market Dynamics - The U.S. tariffs on Vietnam primarily affected order timing rather than pricing, with customers bearing most of the tariff costs [7][38] - The South American market is emerging with rapid demand growth, although its scale is still much smaller than North America [13][14] Operational Efficiency - The Vietnam base has lower manufacturing costs compared to domestic production due to lower labor and energy costs, and improved operational efficiency [18][19] - The company is focused on continuous cost control through measures such as increasing labor efficiency and optimizing production processes [4][37] Future Outlook - The company plans to expand production capacity in Vietnam with the upcoming Phase III project, which will add 40 million square meters of new capacity [20] - The overall profit target for 2025 is expected to exceed revenue growth targets, reflecting strong operational performance [29][36] Competitive Landscape - The domestic market has numerous turf suppliers, with Gongchuang Turf being one of the top players alongside several other significant companies [16] - The competitive pressure in pricing has not significantly changed compared to 2023, with a slight decrease in competition intensity noted [26] Additional Considerations - The company is not strategically abandoning important markets like the Middle East and India, despite temporary demand declines in earlier quarters [24] - The demand for leisure turf is expected to grow due to increased penetration and expanded application scenarios [22]

Group 1 - The core viewpoint of the report indicates that the company achieved a revenue of 900 million in Q2 2025, representing an 8% year-on-year increase, and a net profit of 200 million, which is a 16% increase compared to the previous year [1] - For the first half of 2025, the company reported a revenue of 1.7 billion, marking an 11% year-on-year growth, and a net profit of 300 million, reflecting a 22% increase [1] - The primary sales category driving growth in overseas markets remains the leisure turf segment, with sales volume increasing by 8.69% and revenue growing by 11.23% year-on-year [1] Group 2 - The Americas and Europe are identified as the main sources of growth in overseas markets during the first half of the year [1] - The company's foreign trade sales department has enhanced market-driven and customer value-driven strategies, including increasing customer visit frequency and actively participating in international exhibitions to strengthen customer relationships [1] - Despite ongoing global trade tensions and geopolitical conflicts that have slowed economic growth, the company's management remains focused on "change and breakthrough," achieving stable growth in overseas market revenue and profits [1] Group 3 - The company has adjusted its profit forecast and maintains a "buy" rating for its stock [1]

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [5] Core Views - The company reported a revenue of 900 million in Q2 2025, an increase of 8% year-on-year, and a net profit attributable to the parent company of 200 million, up 16% year-on-year. For the first half of 2025, revenue reached 1.7 billion, growing by 11%, with a net profit of 300 million, increasing by 22% [1] - The company sold a total of 49.48 million square meters of artificial turf products, representing a year-on-year increase of 6.45%. Revenue from leisure grass products was 1.2 billion, up 11.79%, while sports grass revenue was 300 million, down 4.18%. Revenue from simulated plants and other products was 200 million, up 46%, driven by rapid growth in diversified business sales [1] - International market revenue for the first half of 2025 was 1.6 billion, an increase of 12.88%, accounting for 95% of total revenue, which is an increase of 1.23 percentage points year-on-year, contributing significantly to overall performance [1] - The main sales category and growth driver in the overseas market remains leisure grass, with sales volume increasing by 8.69% year-on-year and revenue growing by 11.23% [1][2] Financial Performance Summary - Domestic market revenue for the first half of 2025 was 82.95 million, a decrease of 10.72%, accounting for 4.93% of total revenue. The domestic artificial turf application remains concentrated in sports venues, with demand driven by the expansion of the football industry and government investment in sports infrastructure [2] - The company adjusted its profit forecast, expecting revenues of 3.5 billion, 4.3 billion, and 5.2 billion for 2025, 2026, and 2027 respectively, with net profits of 660 million, 830 million, and 1.02 billion. The EPS is projected to be 1.6, 2.1, and 2.6 for the same years, corresponding to P/E ratios of 21, 17, and 13 [3][4]

证券代码：605099 证券简称：共创草坪 公告编号：2025-045 江苏共创人造草坪股份有限公司 关于股权激励限制性股票回购注销实施的公告 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： 回购注销原因：江苏共创人造草坪股份有限公司（以下简称"公司"） 《2024 年股票期权与限制性股票激励计划》（以下简称《激励计划》）首次授 予部分第一个解除限售期所对应的 2024 年度业绩考核目标在公司层面未完全达 标，存在部分限制性股票不符合解除限售条件，公司需对此部分已授予但尚未解 除限售的限制性股票进行回购注销。根据《上市公司股权激励管理办法》（以下 简称《管理办法》）及《激励计划》的有关规定，拟对首次授予部分的 13 名激 励对象已授予但尚未解除限售的部分限制性股票进行回购并注销，合计 835 股。 本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | | 835 | 835 | 20 ...