北京德恒（杭州）律师事务所 关于常州市凯迪电器股份有限公司 2025 年第二次临时股东会的 法律意见书 北京德恒律师事务所 DeHeng Law Offices 杭州市上城区新业路 200 号华峰国际商务大厦 10-11 楼 邮编：310016 电话: (+86)0571-86508080 传真: (+86)0571-87357755 北京德恒(杭州)律师事务所 关于常州市凯迪电器股份有限公司 2025年第二次临时股东会的法律意见书 北京德恒（杭州）律师事务所 关于常州市凯迪电器股份有限公司 2025年第二次临时股东会的 法律意见书 德恒【杭】书(2025) 第09006号 致:常州市凯迪电器股份有限公司 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》")等法律、法规和规范性文件及《常州市凯 迪电器股份有限公司章程》(以下简称"《公司章程》")的规定,北京德恒(杭 州)律师事务所(以下简称"本所")接受常州市凯迪电器股份有限公司(以下简 称"凯迪股份"或"公司")的委托,指派律师参加凯迪股份 2025 年第二次临时股 东会,并出具本法律意见书。 公司已向 ...

Core Viewpoint - The stock price of Kaidi Co., Ltd. (605288.SH) has surged significantly, driven by increased market interest in its robotics-related business, despite the company indicating that this segment is still in the development phase and will not contribute significantly to revenue in the short term [1][2]. Group 1: Stock Performance - Kaidi Co., Ltd. experienced a stock price increase of over 200% since the beginning of the year, with a notable rise of more than 60% since August 19 [1][2]. - The stock price reached a high of 102.97 CNY per share on September 3, following a series of trading days with price increases [1]. Group 2: Fund Holdings - As of June 30, 2025, 32 funds collectively held 432.38 million shares of Kaidi Co., Ltd., a significant change from March 2025 when no funds held shares [2]. Group 3: Business Overview - Kaidi Co., Ltd. is a leading provider of intelligent linear drive system solutions, with a comprehensive service system encompassing R&D, production, and global marketing [2]. - The company’s products are utilized in five core areas: smart home, smart office, automotive parts, medical care, and industrial transmission [2]. - Approximately 60% of the components for Kaidi's products are self-developed, allowing for independent sales of motors, controls, injection molding, and precision processing products [2]. Group 4: Client Base - The company has established partnerships with well-known domestic and international clients, including Gujia Home, Huadali, Teknion Limited, and ESI, as well as collaborations with automotive manufacturers like NIO, Xpeng, and Chery [2]. Group 5: Financial Performance - Kaidi Co., Ltd. has faced challenges in profitability, with a decline in net profit since its IPO in 2020, despite fluctuations in revenue [3]. - In 2023, the company reported revenue of 1.234 billion CNY and a net profit of 108 million CNY, with projections for 2024 showing revenue growth to 1.336 billion CNY but a decrease in net profit to 86.72 million CNY [3]. - For the first half of 2025, the company reported revenue of 608 million CNY, a year-on-year increase of 5.64%, but a net profit decline of 43.69% to 31.15 million CNY [3]. Group 6: Industry Challenges - The home furnishing industry, in which Kaidi operates, is currently facing significant operational pressures [4].

New Stock Offerings - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - ST Tianmao (000627) has a cash option declaration period from September 15, 2025, to September 19, 2025[1] - Tianpu Co., Ltd. (605255) announced significant trading activity on September 3, 2025[1] Market Volatility - Kaipu Cloud (688228) reported severe abnormal fluctuations on August 30, 2025[1] - Xinhua Jin (600735) experienced significant trading activity on August 30, 2025[1] - ST Chuntian (600381) had notable trading activity on September 3, 2025[1] Other Notable Announcements - ST Er Ya (600107) reported trading activity on September 3, 2025[1] - Shanghai Electric Power (600021) had significant trading activity on September 3, 2025[1] - ST Gao Hong (000851) reported trading activity on September 3, 2025[1]

Core Points - The company, Kaidi Co., announced a significant stock price fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days [2] - On September 2, 2025, the company's stock closed at the daily limit price [2] Financial Performance - For the first half of 2025, the company's operating revenue was approximately 608.33 million yuan, representing a year-on-year increase of 5.64% [2] - The net profit attributable to the parent company was approximately 31.15 million yuan, showing a year-on-year decrease of 43.69% [2] Business Operations - The company has not experienced significant changes in its operational situation, but the recent stock price does not align with the company's fundamental performance [2] - The company's robotics-related business has not yet generated revenue, indicating potential risks for investors [2]

Group 1: 恒瑞医药 - Company received approval for clinical trials of HRS-7172 tablets, a new anti-tumor small molecule inhibitor [1] - Subsidiary received approval for SHR-A2009, an antibody-drug conjugate targeting HER3 [1] - Company was established in April 1997, focusing on drug research, production, and sales [1] Group 2: 康德莱 - Controlling shareholder plans to transfer 5% of shares to strategic investor at a price of 10.81 yuan per share, totaling 236 million yuan [1] - Post-transfer, controlling shareholder's stake will decrease from 39.58% to 34.58% [1] - Company was established in July 1998, specializing in medical devices [2] Group 3: 中钢洛耐 - Shareholder plans to reduce holdings by up to 1% of total shares due to fund exit needs [3] - Company was established in August 2006, focusing on high-end refractory materials [3] Group 4: 瑞玛精密 - Subsidiary completed acquisition of land in Mexico for production operations, covering 52,300 square meters at a price of 3.4064 million USD [4] - Company was established in March 2012, specializing in precision metal stamping and related products [4] Group 5: 鸿博股份 - Company confirmed normal operations despite stock price fluctuations exceeding 20% over three trading days [5] - Company was established in June 1999, focusing on lottery services and high-end packaging [6] Group 6: 东芯股份 - Company completed stock trading risk investigation and resumed trading [7] - Company was established in November 2014, specializing in storage chip design and sales [7] Group 7: 凯迪股份 - Company stated that its robot products are still in development and will not generate revenue in the short term [8] - Company was established in August 1992, focusing on linear drive systems [8] Group 8: 诺唯赞 - Major shareholder plans to reduce holdings by up to 3% due to funding needs [9] - Company was established in March 2012, focusing on functional proteins and organic materials [9] Group 9: 君实生物 - Company received approval for clinical trials of JT118 injection, a "two-in-one" recombinant protein vaccine for monkeypox [10] - Company was established in December 2012, focusing on new drug research and related services [10] Group 10: 赛力斯 - Company reported August sales of 45,818 vehicles, with a 19.57% increase in new energy vehicle sales [11] - Company was established in September 2012, focusing on automotive research and sales [11] Group 11: 燕东微 - Major shareholder plans to reduce holdings by up to 1% due to management needs [13] - Company was established in October 1987, focusing on semiconductor products and services [13] Group 12: 中百集团 - Company reported cumulative litigation and arbitration amounts of approximately 262 million yuan over the past 12 months [14] - Company was established in January 1990, focusing on retail business [14] Group 13: 金开新能 - Company received 939 million yuan in renewable energy subsidies, with a 341.67% increase year-on-year [15] - Company was established in March 1997, focusing on renewable energy development and operation [15] Group 14: *ST天茂 - Company plans to terminate stock listing and initiate cash option mechanism for shareholders [16] - Company was established in November 1993, focusing on various insurance services [16] Group 15: 宁德时代 - Company repurchased 8.69 million A-shares for a total of 2.131 billion yuan [17] - Company was established in December 2011, focusing on battery research and production [17] Group 16: 山西高速 - Controlling shareholder plans to increase holdings by 30 to 60 million yuan [18] - Company was established in February 1996, focusing on highway management [18] Group 17: 青岛银行 - Major shareholder plans to increase holdings by 233 to 291 million shares [19] - Company was established in November 1996, focusing on banking services [19] Group 18: 格力电器 - Major shareholder completed share increase of 46.38 million shares for 2.099 billion yuan [20] - Company was established in December 1989, focusing on air conditioning production and sales [20] Group 19: 中国石油 - Company plans to transfer 541 million A-shares to China Mobile Group to enhance strategic cooperation [21] - Company was established in November 1999, focusing on oil and gas exploration and production [21] Group 20: 镇洋发展 - Company announced a merger plan with Zhejiang Huhangyong Highway Co., with a share exchange ratio of 1:1.08 [22] - Company was established in December 2004, focusing on chemical products [22]

Shareholder Reductions - Yandong Micro's shareholder Yizhuang Guotou plans to reduce its stake by no more than 1% [1] - Delong Laser's shareholders Beijing Woyan and its concerted parties have cumulatively reduced their stake by 3% [1] - Zhonggang Luonai's shareholder Guoxin Shuangbai No. 1 intends to reduce its stake by no more than 1% [1] - Feilida's controlling shareholders completed a cumulative reduction of 2.39% [1] - Nanjing Chemical Fiber's mixed reform fund has reduced its stake by 1.4379% through block trading [1] - Xuelong Group's actual controller He Cailin has cumulatively reduced his stake by 1.12% [1] - Other companies such as Pulutong, Yuyin Technology, and others have also reported shareholder reductions ranging from 0.8766% to 3% [1] Company Operations - Dexin Technology does not directly produce solid-state batteries [1] - Kaidi Co.'s robotics-related business has not yet generated revenue [1]

Market Overview - The market experienced fluctuations with the ChiNext index leading the decline, while the total trading volume in the Shanghai and Shenzhen markets reached 2.87 trillion yuan, an increase of 125 billion yuan compared to the previous trading day [1] - Over 4,000 stocks in the market saw declines, with sectors such as banking, precious metals, robotics, and oil showing the most significant gains [1] Industry News - The "High-Quality Standard System Construction Plan for Industrial Mother Machines" was officially issued by two departments, leading to a surge in the industrial mother machine concept stocks, with companies like Hengjin Induction, Huadong CNC, and Bojie Shares hitting the daily limit [1] - The robotics sector also experienced a boost from this news, with Zhejiang Rongtai reaching a historical high and other companies like Top Group, Longxi Shares, and Qin Chuan Machine Tool also hitting the daily limit [1] Company Updates - Kedi Shares announced that its robotics-related business is still in the development stage and will not generate revenue in the short term, which is not expected to significantly impact the company's performance [2] - Seres reported that its August new energy vehicle production reached 43,069 units, a year-on-year increase of 19.38%, while sales were 43,262 units, up 19.57% year-on-year [3] - Junshi Biosciences received approval for clinical trials of its JT118 injection, a "two-in-one" recombinant protein vaccine aimed at preventing monkeypox virus infection, marking a significant development as no such vaccine has been approved in China yet [4]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605288 证券简称：凯迪股份公告编号：2025-034 常州市凯迪电器股份有限公司 关于股票交易风险提示公告 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： 1、常州市凯迪电器股份有限公司（以下简称"公司"）于2025年8月28日、8月29日、9月1日连续三个交 易日内日收盘价格涨幅偏离值累计超过20%。根据《上海证券交易所交易规则》的有关规定，属于股票 交易异常波动情况，公司已于2025年9月2日披露《常州市凯迪电器股份有限公司股票交易异常波动公 告》（公告编号：2025-033）。2025年9月2日，公司股票以涨停价收盘。 2、业绩下滑风险：2025年上半年，公司营业收入608,327,399.87元，较上年同期增长5.64%，归母净利 润31,152,827.17元，较上年同期减少43.69%。公司经营情况未发生重大变化，但近期公司股价与公司基 本面情况不符，投资者参与交易可能面临较大风险。 3、公司机器人相关业务暂未形成收入，敬请投资 ...

Core Viewpoint - The company, Kaidi Co., Ltd. (605288.SH), has announced that its robotics-related business has not yet generated any revenue, urging investors to pay attention to associated risks [1] Summary by Category - **Company Performance** - Kaidi Co., Ltd. has not yet formed any revenue from its robotics-related business [1] - **Investor Guidance** - The company advises investors to be aware of the related risks concerning its current business performance [1]

Core Viewpoint - The stock price of Kaidi Electric Co., Ltd. has experienced significant fluctuations, with a cumulative increase of 67.57% since August 19, 2025, raising concerns about potential risks associated with the stock's recent performance [1][2]. Group 1: Stock Price Fluctuation Risks - The company's stock price has deviated significantly, with a cumulative increase exceeding 20% over three consecutive trading days [1]. - On September 2, 2025, the stock closed at a limit-up price of 95.48 yuan per share, indicating a strong upward trend [1]. - The company warns that the recent stock price surge may lead to a potential decline following the short-term increase [1]. Group 2: Financial Performance - The company's net profit attributable to shareholders was 31,152,827.17 yuan, representing a decrease of 43.69% compared to the same period last year [2]. - Despite the decline in net profit, the company's production and operational activities remain normal, with no significant changes in the internal or external business environment [2]. Group 3: Business Development - There is a high market interest in the company's robotics-related business, which is currently in the development stage and is not expected to generate significant revenue in the short term [2].