北 京 大 成 律 师 事 务 所 关 于 江 苏 嵘 泰 工 业 股 份 有 限 公 司 2024 年 年 度 股 东 大 会 的 法 律 意 见 书 北 京 大 成 律 师 事 务 所 www.dacheng.com 北京市朝阳区朝阳门南大街 10 号兆泰国际中心 B 座 16-21 层 16-21F, Tower B, ZT INTERNATIONAL CENTER, No.10, Chaoyangmen Nandajie, Chaoyang District, Beijing Tel: +8610 5813 7799 Fax: +8610 5813 7788 北京大成律师事务所 关于江苏嵘泰工业股份有限公司 2024 年年度股东大会的法律意见书 致：江苏嵘泰工业股份有限公司 （一）本次股东大会的召集程序 北京大成律师事务所（以下简称"本所"）接受江苏嵘泰工业股份有限公司 （以下简称"公司"）的委托，指派律师出席公司 2024 年年度股东大会（以下 简称"本次股东大会"），依据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公 司股东会规则 ...

Core Viewpoint - Rongtai Co., Ltd. reported significant growth in revenue and net profit for the fiscal year 2024 and the first quarter of 2025, indicating a strong operational performance and strategic focus on new energy and automation sectors [1][2]. Financial Performance - In 2024, Rongtai achieved operating revenue of 2.352 billion yuan, a year-on-year increase of 16.42%, and a net profit attributable to shareholders of 163 million yuan, up 11.93%. The non-recurring net profit was 138 million yuan, reflecting a growth of 10.90% [1]. - For the first quarter of 2025, the company reported operating revenue of 662 million yuan, a 29.68% increase year-on-year, with a net profit of 48 million yuan, up 13.76%, and a non-recurring net profit of 45 million yuan, which grew by 25.57% [1]. Fundraising and Investment Projects - In April 2025, Rongtai completed a private placement of A-shares, raising a total of 878 million yuan for the "Intelligent Manufacturing Project for New Energy Vehicle Components." The company aims to enhance production line automation and provide higher quality products through this initiative [1]. Future Development Strategy - The company plans to solidify its existing business while increasing investments in robotics, autonomous driving, and automotive electronics, which are supported by national policies. This strategy aims to cultivate a second growth curve by exploring new business sectors and leveraging synergies with existing operations [2]. - Rongtai is focusing on strengthening its research in humanoid robots, automotive electronics, and industrial automation, and is looking to integrate resources through joint ventures, equity participation, and mergers to support new business projects [2]. Humanoid Robot Sector - Rongtai's investment in the humanoid robot sector is particularly noteworthy. In April 2025, the company announced a joint venture with Jiangsu Runfu Power Technology Co., Ltd. to develop technologies and products related to intelligent robots and new energy vehicle chassis systems, specifically focusing on the research, production, and sales of planetary roller screw mechanisms [3].

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [9][41]. Core Insights - The automotive market is experiencing stable overall performance, with domestic demand being supported by new vehicle cycles and "old-for-new" policies, leading to a significant increase in consumption [7][8]. - The production and sales of new energy vehicles (NEVs) have shown rapid growth, with NEV sales accounting for 42.7% of total new vehicle sales in April [8]. - The collaboration between companies like Tesla, UBTECH, and Weijiang with model manufacturers is expected to accelerate advancements in humanoid robots and their applications in various sectors [6][9]. Summary by Sections Industry Performance - The automotive sector has outperformed the market, with a 10.1% increase over the past month and a 27.4% increase over the past year, compared to the Shanghai Composite Index's 3.1% and 5.7% respectively [3][16]. - In April, the production and sales of automobiles reached 2.619 million and 2.59 million units, respectively, marking a year-on-year increase of 8.9% and 9.8% [8]. Investment Recommendations - The report highlights several key companies for investment: - Recommended companies in the humanoid robot sector include Shuanglin Co. and Rongtai Co. [9][41]. - For linear joint assemblies, Shuanglin Co. and Dechang Electric Holdings are recommended [9][41]. - In the sensor sector, KAIT Co. is recommended, with attention to Lingyun Co. and Anpeilong [9][41]. Market Trends - The report notes that the automotive industry is benefiting from the increasing penetration of intelligent driving technologies and the integration of robotics, which are expected to drive further growth [8][9]. - The report emphasizes the importance of self-controlled equipment manufacturers in the humanoid robot sector, predicting that those with strong R&D capabilities will have a higher chance of success [6][9]. Company Announcements - The report includes updates on company activities, such as Top Group's acquisition of Wuhu Changpeng Auto Parts Co. and the restructuring of NIO's brand divisions [43][50].

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [9][41]. Core Views - The automotive market is experiencing stable overall performance, with domestic demand being supported by new vehicle cycles and "old-for-new" policies, leading to a significant increase in consumption [7][8]. - The report highlights the potential of humanoid robots and their integration into various sectors, suggesting that companies with strong R&D capabilities and self-controlled equipment are likely to succeed [6][9]. - The report emphasizes the growth of new energy vehicles (NEVs), which accounted for 42.7% of total vehicle sales in April, with production and sales showing rapid growth [8][9]. Summary by Sections Industry Performance - The automotive sector outperformed the market with a 10.1% increase over the past month, compared to a 3.1% increase in the Shanghai Composite Index [3][16]. - The automotive index rose by 2.7% in the last week, outperforming the broader market by 1.6 percentage points [16]. Market Data - In April, the production and sales of automobiles reached 2.619 million and 2.59 million units, respectively, marking a year-on-year increase of 8.9% and 9.8% [8]. - The first four months of 2025 saw a total production and sales of over 10 million vehicles for the first time in history, with NEVs showing a year-on-year growth of 48.3% in production and 46.2% in sales [8]. Investment Recommendations - The report recommends specific companies in the humanoid robot sector, such as Shuanglin Co. and Rongtai Co., and highlights the importance of self-controlled equipment manufacturers [6][9]. - It suggests focusing on companies with deep collaborations with major tech firms, such as Seres and JAC Motors, as well as those in the automotive parts sector that are poised for growth due to technological changes and export opportunities [42]. Company Focus and Earnings Forecast - The report provides earnings forecasts for several companies, indicating a positive outlook with "Buy" ratings for Shuanglin Co. (PE of 37.11 for 2025E), Redik (PE of 55.67 for 2025E), and others [11][44].

Investment Rating - The report maintains a "Recommendation" rating for the humanoid robotics industry, indicating a positive outlook for the sector's fundamentals and expected performance exceeding the benchmark index [6]. Core Insights - The humanoid robotics sector is experiencing significant investment activity, with multiple companies securing substantial funding rounds, indicating strong market interest and growth potential [5][10][12]. - Partnerships between major tech firms, such as Huawei and UBTECH, are expected to enhance product development and application in industrial and household scenarios, further driving industry growth [2]. - The report highlights the emergence of autonomous logistics as a rapidly deployable application for embodied intelligence, with the potential to unlock a market exceeding 100 billion [12]. Summary by Sections Investment Activities - Skild AI is set to complete a $500 million financing round at a valuation of $4.2 billion, led by SoftBank and other prominent investors, aimed at expanding its robotics capabilities [1]. - Qianjue Robotics announced the completion of a multi-million angel round financing to accelerate technology development and product iteration [3]. - Ziyuan Robotics completed a multi-million A round financing, with funds directed towards the development of its end-to-end embodied intelligence model [5]. Strategic Partnerships - Huawei and UBTECH signed a comprehensive cooperation agreement to innovate in humanoid robotics, leveraging Huawei's technological capabilities and UBTECH's expertise [2]. - Yujian Technology and Tencent Cloud have deepened their strategic cooperation to accelerate innovation in embodied intelligence technology across various applications [4]. Market Performance - The humanoid robotics industry has shown strong performance metrics, with a notable increase in stock prices for key players, indicating robust investor confidence [17]. - The report outlines a significant increase in the number of financing events in the humanoid robotics sector, reflecting a growing interest from venture capital and institutional investors [18][20].

Group 1 - The A-share automotive sector has shown strong performance, with companies such as Qin'an Co., Ltd. and Joyson Electronics reaching the daily limit increase [1] - Other companies like Wan'an Technology, Mingke Precision, and New Coordinates also previously hit the daily limit increase, indicating a positive trend in the sector [1] - Companies such as Haon Automotive Electric, Xinhongye, Tianqimo, and Rongtai Co., Ltd. have also seen significant gains, reflecting overall bullish sentiment in the automotive industry [1]

北 京 大 成 律 师 事 务 所 关 于 江 苏 嵘 泰 工 业 股 份 有 限 公 司 2025 年 员 工 持 股 计 划 之 法 律 意 见 书 北 京 大 成 律 师 事 务 所 www.dachenglaw.com 北京市朝阳区朝阳门南大街 10 号兆泰国际中心 B 座 16-21 层（100020） 16-21F, Tower B, ZT International Center, No.10, Chaoyangmen Nandajie Chaoyang District, 100020, Beijing, China Tel: +86 10-58137799 Fax: +86 10-58137788 | 五、结论意见 11 | | --- | 北京大成律师事务所 关于江苏嵘泰工业股份有限公司 2025 年员工持股计划之 dacheng.com dentons.cn 释 义 本《法律意见书》中，除非另有说明，下列词语具有如下含义： | 公司、嵘泰股份 | 指 | 江苏嵘泰工业股份有限公司 | | --- | --- | --- | | 员工持股计划、本次 | 指 | 江苏嵘泰工业股份有限公司20 ...

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。 证券代码：605133 证券简称：嵘泰股份 公告编号：2025-028 江苏嵘泰工业股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 重要内容提示： ●会议召开时间：2025 年 5 月 20 日(星期二)上午 10:00-11:00 ● 会 议 召 开 地 点 ： 上 海 证 券 报 · 中 国 证 券 网 （ 网 址 ： https://roadshow.cnstock.com） ●会议召开方式：网络互动 ●投资者可于 2025 年 5 月 13 日（星期二）至 5 月 19 日（星期一），通过 公司邮箱 wei.chen@rtco.com.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。 江苏嵘泰工业股份有限公司（以下简称"公司"）已于 2025 年 4 月 19 日发 布了公司 2024 年年度报告，2025 年 4 月 29 日发布了公司 2025 年第一季度报告， 为便于广大投资者更全面深入地了解公司2024年度暨 ...

深圳价值在线咨询顾问有限公司 关于 江苏嵘泰工业股份有限公司 2025 年员工持股计划（草案） 之 二〇二五年五月 | 二、备查文件地点 33 | | --- | 深圳价值在线咨询顾问有限公司 独立财务顾问报告 第一章 释 义 独立财务顾问报告 深圳价值在线咨询顾问有限公司 独立财务顾问报告 在本报告中，如无特殊说明，下列简称具有如下含义： | 释义项 | | 释义内容 | | --- | --- | --- | | 嵘泰股份、公司、上市公司 | 指 | 江苏嵘泰工业股份有限公司 | | 子公司 | 指 | 本公司控制或者实际控制的具有独立法人资格的公 | | | | 司，包括全资子公司、控股子公司 | | 本次员工持股计划、员工持股 | 指 | 江苏嵘泰工业股份有限公司 2025 年员工持股计划 | | 计划 | | | | 本次员工持股计划草案 | 指 | 《江苏嵘泰工业股份有限公司 2025 年员工持股计划 | | | | （草案）》 | | | | 《深圳价值在线咨询顾问有限公司关于江苏嵘泰工 | | 本报告、本独立财务顾问报告 | 指 | 业股份有限公司 2025 年员工持股计划（草案）之独 | | ...

江苏嵘泰工业股份有限公司 2024 年年度股东大会会议资料 2025 年 5 月 21 日 中国·扬州 1 | 2024 | 年年度股东大会议程 | 3 | | --- | --- | --- | | 股东大会会议须知 | | 4 | | 2024 | 年度董事会工作报告 | 5 | | 2024 | 年度监事会工作报告 | 14 | | 2024 | 年年度报告及摘要 | 17 | | 2024 | 年度财务决算报告 | 18 | | 关于 | 2024 | 年年度利润分配及公积金转增股本方案的预案 24 | | 关于 | 2024 | 年度董事、监事及高级管理人员薪酬的议案 25 | | 关于向银行申请综合授信额度的议案 | | 26 | | 关于续聘会计师事务所的议案 | | 27 | | 关于《公司 | 2025 | 年员工持股计划（草案）》及其摘要的议案 30 | | 关于《公司 | 2025 | 年员工持股计划管理办法》的议案 31 | | 关于提请股东大会授权董事会办理公司 | | 2025 年员工持股计划相关事宜的议案32 | | 2024 | 年度独立董事述职报告 | 34 | 目 录 2 ...