国浩律师（杭州）事务所 关于 绿田机械股份有限公司 2024 年年度股东大会 法律意见书 国浩律师（杭州）事务所 关 于 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年五月 国浩律师（杭州）事务所 法律意见书 绿田机械股份有限公司 2024 年年度股东大会 法律意见书 致：绿田机械股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受绿田机械股份有限公司 （以下简称"公司""绿田机械"）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"），并依据《中华人民共和 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company is a leading player in the high-pressure cleaning machine sector, experiencing accelerated growth, while its general machinery business shows steady growth [2] - The company's revenue and profit for 2024 and Q1 2025 exceeded expectations, driven by increased orders in general power machinery and high-pressure cleaning machines [5][6] - The company is expanding its production capacity and entering the energy storage sector, which is expected to become a new growth point [5][6] Financial Performance Summary 1) Revenue & Profit: - 2024 full year revenue reached 2.25 billion, a year-on-year increase of 38.3%, with net profit attributable to shareholders at 190 million, a year-on-year increase of 3.4% [5] - Q4 2024 revenue was 680 million, a year-on-year increase of 72.5%, with net profit of 50 million, a year-on-year increase of 55.9% [5] - Q1 2025 revenue was 640 million, a year-on-year increase of 50.1%, with net profit of 60 million, a year-on-year increase of 56.3% [5] 2) Profitability: - The gross margin for 2024 was 18.1%, down 4.0 percentage points year-on-year, while the net profit margin was 8.3%, down 2.8 percentage points [5] - In Q1 2025, the gross margin improved to 20.0%, up 0.9 percentage points year-on-year, with a net profit margin of 9.0%, up 0.4 percentage points [5] 3) Expense Structure: - The total expense ratio for 2024 was 7.4%, down 0.2 percentage points year-on-year, with R&D expenses increasing due to investments in energy storage product development [5] - In Q1 2025, the total expense ratio was 7.7%, up 0.9 percentage points, primarily due to an increase in financial expenses [5] Business Segmentation - High-pressure cleaning machine business generated 1.09 billion in revenue in 2024, a year-on-year increase of 70.1%, with a gross margin of 20.6% [5] - General machinery revenue was 1 billion in 2024, a year-on-year increase of 14.2%, with a gross margin of 13% [5] - The energy storage segment generated 10 million in revenue in 2024, with a gross margin of 19.2% [5] Earnings Forecast and Valuation - The company is expected to achieve revenues of 2.87 billion, 3.76 billion, and 4.96 billion in 2025, 2026, and 2027, respectively, with corresponding net profits of 247 million, 331 million, and 455 million [6] - The current market valuation corresponds to a PE ratio of 12.4 for 2025, indicating that the company is undervalued compared to industry averages [6]

Core Viewpoint - The company, Lvtian Machinery, has shown a positive performance in its stock price and financial results, indicating growth potential and shareholder returns through dividends [1][3][4]. Company Announcements - Lvtian Machinery will hold its 2024 annual shareholders' meeting on May 16, 2025, in Taizhou, Zhejiang Province, to discuss various proposals including financial reports and profit distribution [2][4]. - The meeting will also address the reappointment of the accounting firm and the application for a comprehensive credit line from banks [2][3]. Financial Performance - In 2024, Lvtian Machinery achieved a revenue of 2.249 billion yuan, representing a year-on-year growth of 38.29% [3][4]. - The net profit attributable to shareholders was 186 million yuan, with a year-on-year increase of 3.44% [3]. - The company plans to distribute a cash dividend of 6.00 yuan per 10 shares, totaling 103 million yuan, which accounts for 55.61% of the net profit [3][4]. - The company intends to apply for a comprehensive credit line of up to 1.2 billion yuan and engage in foreign exchange hedging activities not exceeding 200 million USD [3].

绿田机械 2024 年年度股东大会会议资料 绿田机械股份有限公司 2024 年年度股东大会会议资料 股票代码：605259 二〇二五年五月十六日 绿田机械 2024 年年度股东大会会议资料 目录 二、为保证股东大会的正常秩序，除出席会议的股东、董事、监事、高级管 理人员、见证律师、本次会议议程有关人员及会务工作人员以外，公司有权拒绝 其他人员进入会场。对于影响股东大会秩序和损害其他股东合法权益的行为，公 司将按规定加以制止。 三、本次会议采用现场投票与网络投票相结合的方式逐项进行表决。采用上 海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会召开 当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平 台的投票时间为股东大会召开当日的 9:15-15:00。 四、出席本次股东大会的股东应当按照《绿田机械关于召开 2024 年年度股 东大会的通知》要求，持相关证件办理签到手续。在大会主持人宣布现场出席会 议的股东人数及所持有表决权的股份总数之前，会议终止登记。未签到登记的股 东原则上不能参加本次股东大会。 五、与会股东依法享有发言权、质询权、表决 ...

会议召开时间：2025 年 5 月 13 日（星期二）15:00-17:00 会议召开地点和方式：投资者可登录"全景路演"网站（https://rs.p5w.net）， 或关注微信公众号：全景财经，或下载全景路演 APP,参与本次互动交流。 会议问题征集：投资者可访问 http://ir.p5w.net/zj/，进入问题征集专题页面， 提交您所关心的问题。公司将通过本次业绩说明会，在信息披露允许范围内就投 资者普遍关注的问题进行回答。 一、说明会类型 绿田机械股份有限公司（以下简称"公司"）分别于 2025 年 4 月 26 日、2025 年 4 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了《2024 年年度报 告》《2024 年年度报告摘要》及《2025 年第一季度报告》。为便于广大投资者 更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 5 月 13 日（星期二）15:00-17:00，参加由浙江证监局、浙江上市公司协会与深圳市全景 网络有限公司联合举办的"2025 年浙江辖区上市公司投资者集体接待日暨 2024 年度和 2025 年第一季度业绩说明会"，与 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605259 证券 简称：绿田机械 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元币种：人民币 ■ (二)非经常性损益项目和金额 √适用□不适用 单位:元币种:人民币 ■ 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三)主要会计数据、财务指标发生变动的情况、原因 √适用□不适用 ■ ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥638,638,404.28, representing a 50.11% increase compared to ¥425,432,839.83 in the same period last year[5] - Net profit attributable to shareholders was ¥57,415,406.68, up 56.34% from ¥36,724,201.68 year-on-year[5] - The basic earnings per share increased to ¥0.33, reflecting a growth of 57.14% compared to ¥0.21 in the previous year[5] - Total operating revenue for Q1 2025 reached ¥638.64 million, a 50.1% increase from ¥425.43 million in Q1 2024[19] - Total operating costs increased to ¥563.69 million, up 50.0% from ¥375.86 million in the previous year[19] - Net profit for Q1 2025 was ¥57.42 million, representing a 56.4% increase compared to ¥36.72 million in Q1 2024[20] - Basic and diluted earnings per share for Q1 2025 were both ¥0.33, up from ¥0.21 in Q1 2024[20] Cash Flow and Assets - The net cash flow from operating activities decreased by 17.46% to ¥30,598,761.51 from ¥37,073,553.60 in the previous year[5] - Cash flow from operating activities for Q1 2025 was ¥30.60 million, down from ¥37.07 million in Q1 2024[22] - Cash inflow from operating activities totaled ¥652.85 million, compared to ¥461.54 million in the same period last year[23] - Cash outflow from operating activities was ¥622.25 million, an increase from ¥424.47 million in Q1 2024[23] - The ending cash and cash equivalents balance for Q1 2025 was ¥961.86 million, down from ¥1,008.34 million at the end of Q1 2024[24] - The company's current assets totaled CNY 2,064,108,343.40, down from CNY 2,143,061,382.37 in the previous period, reflecting a decrease of approximately 3.7%[13] - The cash and cash equivalents stood at CNY 961,863,606.25, down from CNY 988,528,565.57, a decrease of about 2.7%[13] Shareholder Information - The company had a total of 6,950 common shareholders at the end of the reporting period[10] - The largest shareholder, Luo Changguo, holds 53.51% of the shares, totaling 92,287,776 shares[10] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,693,988,215.87, a decrease of 1.57% from ¥2,736,868,417.10 at the end of the previous year[6] - As of March 31, 2025, the total assets of Lvtian Machinery Co., Ltd. amounted to CNY 2,693,988,215.87, a decrease from CNY 2,736,868,417.10 as of December 31, 2024[13] - Total liabilities decreased to CNY 939,409,589.00 from CNY 1,039,880,780.25, a reduction of about 9.6%[15] - The company's equity attributable to shareholders increased to CNY 1,754,578,626.87 from CNY 1,696,987,636.85, reflecting an increase of approximately 3.4%[15] - The company's total non-current assets amounted to CNY 629,879,872.47, an increase from CNY 593,807,034.73, indicating a growth of about 6.1%[14] Operational Highlights - The increase in operating revenue was primarily driven by higher sales orders for general power machinery and high-pressure cleaning products[8] - The company reported a significant increase in prepayments to CNY 17,921,235.60 from CNY 15,472,180.79, showing a growth of approximately 15.9%[13]

绿田机械股份有限公司 2024年度独立董事述职报告 （薛胜雄） 本人薛胜雄，作为绿田机械股份有限公司（以下简称"公司"）的独立董事， 2024 年度本人严格按照《公司法》《证券法》《上市公司独立董事管理办法》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等法律、法规及《公司章程》的有关规定，本着客观、公正、 独立的原则，勤勉尽职地履行独立董事的职责和义务，积极出席相关会议，认真 审议董事会各项议案，切实维护公司和公众股东的合法权益，促进公司规范运作， 充分发挥了独立董事及各专门委员会的作用。现将履行独立董事职责的情况报告 如下： 一、独立董事的基本情况 （一）工作履历、专业背景以及兼职情况 薛胜雄，男，1957年4月出生，中国国籍，无境外永久居留权，教授、正高 级工程师，工学博士。曾任合肥通用机械研究院助理工程师、工程师、高工、教 授级高工，合肥通用机械研究院喷射所副所长、所长、院副总工程师，中国机械 工业集团首席专家。现任全国喷射设备标准化技术委员会主任委员，合肥通用机 械研究院返聘技术专家，公司独立董事。 （二）是否存在影响独立性的情况说明 （一）出席会议情况 ...

绿田机械股份有限公司 2024年度独立董事述职报告 （毛美英） 经自查，本人符合中国证监会《上市公司独立董事管理办法》《上海证券交 易所上市公司自律监管指引第1号——规范运作》中关于独立董事独立性的要求， 不存在影响独立性的情况。 二、独立董事年度履职概况 本人毛美英，作为绿田机械股份有限公司（以下简称"公司"）的独立董事， 2024 年度本人严格按照《公司法》《证券法》《上市公司独立董事管理办法》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等法律、法规及《公司章程》的有关规定，本着客观、公正、 独立的原则，勤勉尽职地履行独立董事的职责和义务，积极出席相关会议，认真 审议董事会各项议案，切实维护公司和公众股东的合法权益，促进公司规范运作， 充分发挥了独立董事及各专门委员会的作用。现将履行独立董事职责的情况报告 如下： 一、独立董事的基本情况 （一）工作履历、专业背景以及兼职情况 毛美英，女，1963年10月出生，中国国籍，无境外永久居留权，本科，高级 会计师。曾任临海长途客运公司计财科副科长，浙江台州高速公路建设开发股份 有限公司计财部副经理，台州市台金高速公路 ...