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 20 24 年 第 四 次 临 时 股 东 大 会 的 法 律 意 见 书 www.dentons.cn 南京市鼓楼区集慧路 18 号联创大厦 A 座 7-10 层（210036） 18 Jihui Road, 7-10/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 2024 年第四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 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 股东大会规则（2022 年修订）》（以下简称"《股东大会规则》"）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 ...

证券代码：605099 证券简称：共创草坪 公告编号：2024-059 江苏共创人造草坪股份有限公司 2024 年第四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。 (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》的有关规定，会议 各项决议合法、有效。 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：2024 年 11 月 18 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 | 117 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 355,769,590 | | 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 | 88.578 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 20.34 CNY [1]. Core Views - The company continues to experience sales growth, achieving a revenue of 750 million CNY in Q3 2024, representing a year-on-year increase of 16%. However, the net profit attributable to the parent company decreased by 12% year-on-year to 110 million CNY [1]. - For the first three quarters of 2024, the company reported a total revenue of 2.26 billion CNY, up 18% year-on-year, with a net profit of 390 million CNY, reflecting a 12% increase year-on-year [1]. - The company is focusing on market expansion and cost control to strengthen its competitive position, leveraging its leading position in leisure and sports turf products to capture more market share both domestically and internationally [1]. Financial Performance Summary - In Q3 2024, the company's gross margin decreased by 1.7 percentage points to 30.16%, while the net profit margin was 17.4%, down 1.0 percentage points year-on-year [1]. - The company has optimized its production capacity layout, which is expected to effectively mitigate tariff risks. It has four production bases in China and Vietnam, with a total capacity of 14 million square meters [1]. - The company has maintained a global market share of 16.7% in 2023, being the largest manufacturer and seller of artificial turf worldwide [1]. Financial Data and Valuation - The company’s revenue for 2024 is projected to be 2.94 billion CNY, with a growth rate of 19.52%. The net profit attributable to the parent company is expected to be 502.55 million CNY, reflecting a growth rate of 16.54% [2][4]. - The earnings per share (EPS) for 2024 is estimated at 1.25 CNY, with a price-to-earnings (P/E) ratio of 16.26 [2][5]. - The company’s total assets are projected to reach 3.32 billion CNY by 2024, with a total liability of 550.40 million CNY [3][4].

Investment Rating - The report maintains an "Outperform" rating for the company, indicating a positive outlook compared to the market [5][8]. Core Insights - The company reported a revenue of 2.259 billion yuan for the first three quarters of 2024, reflecting a year-on-year growth of 17.9%. The net profit attributable to the parent company was 394 million yuan, up 11.7% year-on-year [5][6]. - The revenue growth is expected to align more closely with sales volume in the future, as the company adjusts its pricing strategy and product mix to enhance market share [5][8]. - The company is expanding its production capacity in Vietnam, which is expected to support future growth and improve profitability due to tax incentives and cost advantages [5][8]. Summary by Sections Financial Performance - For Q3 2024, the company achieved a revenue of 750 million yuan, a 16% increase year-on-year, but the net profit decreased by 12.3% to 110 million yuan due to changes in product structure and foreign exchange losses [5][6]. - The net profit margin for Q3 2024 was 14.7%, down 4.8 percentage points year-on-year, while the gross profit margin was 30.2% [5][6]. Market Position and Strategy - The company is a leading player in the global artificial turf industry, benefiting from strong brand recognition and competitive advantages in product and channel integration [5][8]. - The company is focusing on expanding its market presence in Europe and North America while also exploring new markets in South America [5][8]. Future Outlook - The company has slightly adjusted its net profit forecasts for 2024-2026 to 502 million, 590 million, and 705 million yuan respectively, with expected growth rates of 16.4%, 17.5%, and 19.6% [5][8]. - The current market capitalization corresponds to a price-to-earnings ratio of 16, 13, and 11 for the years 2024-2026 [5][8].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company reported a revenue of 2.259 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 17.89%. The net profit attributable to shareholders was 394 million yuan, up 11.75% year-on-year [2][3] - The company has been expanding its overseas market presence, leading to a significant recovery in revenue. The competitive landscape has improved, and there is a simultaneous increase in demand for both leisure and sports turf domestically and internationally [3] - The company has been investing in production capacity, with the Vietnam factory's phase three project expected to add 40 million square meters of capacity, which will further enhance revenue growth and market competitiveness [5] Revenue Summary - For the first three quarters of 2024, the company achieved a revenue of 2.259 billion yuan, with a quarterly revenue of 750 million yuan in Q3, reflecting a year-on-year increase of 16.05% [2][3] - The revenue growth is attributed to improved competition dynamics and increased demand for artificial turf products [3] Profitability Summary - The gross margin and net margin for the first three quarters of 2024 were 30.16% and 17.42%, respectively, showing a slight decline compared to the previous year [4] - In Q3, the gross margin and net margin were 28.62% and 14.73%, respectively, indicating short-term pressure on profitability due to a slight decrease in product prices and foreign exchange fluctuations [4] Investment Recommendations - The report suggests that the company is likely to continue experiencing high growth in overseas orders and domestic market adjustments, which could lead to increased revenue [5] - The revenue forecasts for 2024 to 2026 are 2.959 billion yuan, 3.560 billion yuan, and 4.280 billion yuan, respectively, with net profits projected at 506 million yuan, 604 million yuan, and 724 million yuan [5] - The estimated earnings per share (EPS) for 2024 to 2026 are 1.26 yuan, 1.51 yuan, and 1.81 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 15, 13, and 11 [5]

Investment Rating - The report maintains a "Buy" rating for the company [5]. Core Views - The company achieved a revenue of 2.259 billion yuan in the first three quarters of 2024, representing a year-on-year increase of 17.9%, with a net profit attributable to shareholders of 394 million yuan, up 11.8% year-on-year [1]. - The company is experiencing steady growth in sales, particularly in overseas markets, while facing slight pressure on average prices due to external factors such as exchange rate fluctuations [1][2]. - The company is expanding its overseas production capacity, with a total capacity of 110 million square meters by the end of 2023, including 56 million square meters in China and 54 million square meters in Vietnam [2]. Financial Performance - In Q3 2024, the company reported a revenue of 750 million yuan, a year-on-year increase of 16.0%, but a net profit of 110 million yuan, down 12.3% year-on-year [1]. - The gross profit margin for Q3 2024 was 28.6%, with a net profit margin of 14.7%, reflecting a decrease of 4.8 percentage points year-on-year due to external factors [3]. - The company’s operating cash flow for Q3 2024 was 249 million yuan, an increase of 55 million yuan year-on-year, indicating stable cash flow and operational capability [3]. Revenue and Profit Forecast - The company is projected to achieve net profits of 500 million yuan, 600 million yuan, and 690 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 16.5X, 13.7X, and 12.0X [3][4].

证券代码：605099 证券简称：共创草坪 公告编号：2024-057 江苏共创人造草坪股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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。 重要内容提示： 投资者可于 2024 年 11 月 22 日（星期五）至 11 月 28 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱zhengqu anbu@ccgrass.cn进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 江苏共创人造草坪股份有限公司（以下简称"公司"）已于 2024 年 10 月 3 1 日发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三季度的经营成果、财务状况，公司计划于 2024 年 11 月 29 日上午 0 9:00-10:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络文字互动的形式召开，公司将针对 2024 年第三季 度的经营成果及财务 ...

江苏共创人造草坪股份有限公司 证券代码：605099 证券简称：共创草坪 公告编号：2024-053 第三届董事会第六次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 江苏共创人造草坪股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日 向全体董事发出通知，召开公司第三届董事会第六次会议。会议于 2024 年 10 月 30 日以通讯方式召开，应出席董事 7 名，实际出席董事 7 名，由董事长王强翔 先生主持。本次会议的召集、召开符合《中华人民共和国公司法》《公司章程》 等的有关规定，会议决议合法、有效。 二、董事会会议审议情况 （一）审议通过《关于公司 2024 年第三季度报告的议案》 第三届董事会审计委员会第三次会议已事前审议通过本议案，并同意将其提 交本次董事会审议。 批准报送《江苏共创人造草坪股份有限公司 2024 年第三季度报告》，具体 内容详见公司同日于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《江苏共创人造草坪股份有限公司 ...

证券代码：605099 证券简称：共创草坪 公告编号：2024-054 批准报送《江苏共创人造草坪股份有限公司 2024 年第三季度报告》，具体 内容详见公司同日于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《江苏共创人造草坪股份有限公司 2024 年第三季度报告》。 江苏共创人造草坪股份有限公司 第三届监事会第六次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 江苏共创人造草坪股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日 向全体监事发出通知，召开公司第三届监事会第六次会议。会议于 2024 年 10 月 30 日以现场结合通讯方式召开，应出席监事 3 名，实际出席监事 3 名，会议由 监事会主席杨波先生主持。本次会议的召集、召开符合《中华人民共和国公司法》 《公司章程》等的有关规定，会议决议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于公司 2024 年第三季度报告的议案》 2024 年 10 月 31 日 2 / ...

江苏共创人造草坪股份有限公司 2024 年第四次临时股东大会 会议资料 二〇二四年十月 江苏共创人造草坪股份有限公司 2024 年第四次临时股东大会会议资料 目录 一、2024 年第四次临时股东大会会议须知 二、2024 年第四次临时股东大会会议议程 | 序号 | 议案名称 | | --- | --- | | 1 | 《关于变更公司注册资本及修订<公司章程>的议案》 | 江苏共创人造草坪股份有限公司 2024 年第四次临时股东大会会议资料 江苏共创人造草坪股份有限公司 2024 年第四次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大会的顺 利进行，根据《江苏共创人造草坪股份有限公司章程》（以下简称《公司章程》）、《江 苏共创人造草坪股份有限公司股东大会议事规则》及相关法律法规的规定，特制定本须知。 一、董事会以维护股东的合法权益、确保大会正常秩序和议事效率为原则，认真履行 《公司章程》中规定的职责。 二、本公司证券部具体负责大会有关程序方面的事宜。 三、股权登记日登记在册的所有股东或其代理人均有权出席股东大会。出席会议的股 东（或股东代表）必须在会议召开前按此次会议 ...