Core Viewpoint - The article highlights the transformation and strategic expansion of Roman Holdings under the leadership of Sun Kaijun, emphasizing the company's evolution from a traditional lighting business to a technology-driven cultural enterprise that integrates urban lighting, smart energy, and digital entertainment [3][4][6]. Strategic Restructuring and Collaborative Development - In 2024, Roman Holdings introduced a strategy termed "one core, two wings, three segments," focusing on landscape lighting as the core, with technology and creativity as the wings, driving the collaborative development of three segments: landscape lighting, smart energy, and digital entertainment [4][5]. - The company has established itself as a leader in the urban landscape lighting industry, holding multiple invention patents and possessing a first-mover advantage in urban night scene planning and smart management services [4][5]. - The expansion into digital entertainment is driven by the demand for enriched content in illuminated urban spaces, reflecting a shift from construction to multi-dimensional operations [4][5]. Technological Layout - Roman Holdings adheres to a principle of "not blindly following" trends in technology, focusing on emotional connections through AI developments, such as personalized art exhibitions [5]. - The smart energy segment responds to the "dual carbon" goals, aiming for green energy supply and efficient energy management through its proprietary platform [5]. International Expansion - In 2024, Roman Holdings acquired 85% of the UK-based theme park design company Horowitz, marking a significant step in its global business operations within the digital entertainment sector [6]. - The acquisition is seen as a strategic move to tap into the potential of domestic cultural tourism and to facilitate the international expansion of its traditional lighting business [6]. Market Insights and Future Outlook - Sun Kaijun identifies the Middle East and Southeast Asia as key growth markets, driven by demographic advantages and increasing demand for entertainment facilities [7]. - The company aims to enhance its creative and technological integration, focusing on immersive experiences and solidifying its market position [7][8]. Company Evolution and Legacy - Since 2010, Roman Holdings has undergone three critical transformations, evolving from a pure engineering firm to a technology and culture-oriented enterprise [8]. - The company is committed to upgrading from "Made in China" to "China Standards," participating in the formulation of lighting engineering standards [8].

Summary of Key Points Core Viewpoint - Roman Co., Ltd. (605289) has shown a positive stock performance with a closing price of 31.56 yuan as of July 4, 2025, reflecting a 3.65% increase from the previous week [1] Trading Information - On June 30, 2025, Roman Co., Ltd. recorded a significant block trade amounting to 4.9338 million yuan [2][3] Company Announcements - Roman Co., Ltd. completed the repurchase and cancellation of 612,000 shares as part of its 2023 restricted stock incentive plan, reducing the total share capital from 109,619,500 shares to 109,007,500 shares [2][3] - The holding percentage of the controlling shareholder, Sun Jianming, increased from 17.93% to 18.03% due to the cancellation of repurchased shares, while the number of shares held remained unchanged [2][3] - The equity change resulting from the share cancellation does not significantly impact the company's governance structure or ongoing operations [2]

Core Viewpoint - The completion of the share repurchase and cancellation process has resulted in a passive increase in the shareholding percentage of the controlling shareholder, Sun Jianming, from 17.93% to 18.03%, without changing the actual control of the company [1][4]. Group 1: Share Repurchase and Cancellation - The company has completed the repurchase and cancellation of 612,000 shares from the 2023 restricted stock incentive plan as of June 27, 2025, reducing the total share capital from 109,619,500 shares to 109,007,500 shares [1][3]. - The number of restricted shares before the repurchase was 1,282,000, which decreased to 670,000 after the cancellation, while the unrestricted shares remained unchanged at 108,337,500 [3]. Group 2: Shareholding Changes - Following the share repurchase, Sun Jianming's shareholding increased from 19,657,500 shares (17.93%) to 19,657,500 shares (18.03%) due to the reduction in total share capital [3][4]. - The shareholding percentages of other significant shareholders, such as Shanghai Roman Enterprise Management Co. and Shanghai Lojing Investment Center, also experienced minor adjustments but remained stable overall [3]. Group 3: Compliance and Governance - The company confirms that the changes in shareholding do not violate any existing commitments or trigger mandatory tender offer obligations, ensuring stability in corporate governance [1][4]. - The announcement complies with the regulations regarding the disclosure of changes in shareholding when the percentage reaches a 1% integer multiple [3].

上海罗曼科技股份有限公司 关于回购股份注销完成暨持股 5%以上股东权益被动 变动触及 1%整数倍的提示性公告 公司持股 5%以上股东孙建鸣先生保证向本公司提供的信息真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 实际控制人发生变化。 证券代码：605289 证券简称：罗曼股份 公告编号：2025-029 | 权益变动方向 | 比例增加☑ | | 比例减少□ | | --- | --- | --- | --- | | 权益变动前比例 | 17.93% | | | | 权益变动后比例 | 18.03% | | | | 本次变动是否违反已作出的 | 是□ | 否☑ | | | 承诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 经中国证券登记结算有限责任公司上海分公司确认，上海罗曼科技股份有限 公司（以下简称"公司"）回购注销 2023 年限制性股票激励计划部分股份事 宜已于 2025 年 6 月 27 日办理完成，本次回购 ...

Core Viewpoint - The legal opinion letter confirms that Shanghai Roman Technology Co., Ltd. has completed the necessary decision-making and information disclosure procedures for the repurchase and cancellation of restricted stock under its equity incentive plan, in compliance with relevant laws and regulations [2][3][5]. Group 1: Decision and Information Disclosure - The company held three meetings to approve the proposal regarding the repurchase and cancellation of certain restricted stocks from the 2023 equity incentive plan [2]. - The public notice period has been completed for 45 days, during which no creditors raised any claims or objections regarding the repurchase and cancellation [3]. Group 2: Repurchase Cancellation Details - The repurchase and cancellation are based on the provisions of the 2023 equity incentive plan, which stipulates conditions under which restricted stocks cannot be released from restrictions [4]. - A total of 612,000 shares of restricted stock will be repurchased from 25 individuals due to their departure from the company and unmet performance targets [5]. - After the repurchase, the remaining restricted stocks will be 528,000 shares from the initial grant and 142,000 shares from the reserved grant [5]. Group 3: Repurchase Arrangement - The company has opened a dedicated securities account for the repurchase at the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, and has applied for the transfer of the repurchased shares [5]. - The cancellation of the shares is expected to be completed by June 27, 2025, with subsequent legal registration procedures to be followed [5]. Group 4: Conclusion - The legal opinion concludes that the company has fulfilled the necessary decision-making and disclosure procedures, and the reasons, subjects, and quantities for the repurchase are in accordance with the relevant regulations [6].

上海东方华银律师事务所 关于上海罗曼科技股份有限公司 股权激励限制性股票回购注销实施 之 法律意见书 上海市虹桥路 1591 号虹桥迎宾馆 34 号楼 电话：(8621) 6876 9686 传真：(8621) 5830 4009 上海东方华银律师事务所 关于上海罗曼科技股份有限公司 股权激励限制性股票回购注销实施 之法律意见书 致：上海罗曼科技股份有限公司 上海东方华银律师事务所（以下简称"本所"）受上海罗曼科技股份有限公司 （以下简称"公司"）的委托，担任公司股权激励限制性股票回购注销实施（以下 简称"本次回购注销"）相关事项的专项法律顾问，为公司本次回购注销有关事宜 出具本法律意见。 本所及经办律师依据《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》《上市公司股权激励管理办法》（以下简称"《管理办 法》"）《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执 业规则（试行）》等规定和《上海罗曼科技股份有限公司章程》（以下简称"《公 司章程》"）以及本法律意见出具日以前已经发生或者存在的事实，严格履行了法 定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证， ...

证券代码：605289 证券简称：罗曼股份 公告编号：2025-028 上海罗曼科技股份有限公司 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法律责任。 重要内容提示： ●回购注销原因：鉴于公司 2023 年限制性股票激励计划（以下简称"本激励计 划"）首次授予的 1 名激励对象及预留授予的 1 名激励对象因离职不再具备激励资 格，且本激励计划首次授予第二个解除限售期及预留授予第一个解除限售期公司层 面业绩考核不达标，相关权益不能解除限售，公司对前述已获授但尚未解除限售的 限制性股票合计 612,000 股予以回购注销。 ●本次注销股份的有关情况： | 回购股份数量 | | 注销股份数量 | | 注销日期 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 612,000 | 股 | 612,000 | 股 | 年 6 | 2025 | 月 | 日 27 | 一、本次限制性股票回购注销的决策与信息披露 根据公司2022年年度股东大 ...

Group 1 - The company Roman Co., Ltd. reported a revenue of 180 million yuan for Q1 2025, representing a year-on-year increase of 49.44% [1] - The net profit attributable to shareholders for Q1 2025 was 14.42 million yuan, a decrease of 20.68% year-on-year [1] - The net cash flow from operating activities for Q1 2025 was -132 million yuan, compared to -106 million yuan in the same period last year [1] Group 2 - In 2024, Roman Co., Ltd. achieved a revenue of 688 million yuan, showing a year-on-year growth of 12.70% [1] - The net profit attributable to shareholders for 2024 was -34.84 million yuan, down from 80.54 million yuan the previous year [1] - The net cash flow from operating activities for 2024 was -55.08 million yuan, compared to 107 million yuan in the previous year [1] Group 3 - Roman Co., Ltd. raised a total of 590.94 million yuan from its initial public offering, with a net amount of 528.55 million yuan after deducting issuance costs [2] - The company plans to use the raised funds for working capital, R&D, marketing services, and repaying bank loans [2] - The total issuance costs for the IPO were 62.39 million yuan, including underwriting fees of 48 million yuan [2]

【要闻报道】 英伟达拟再推"中国特供"芯片 据参考消息援引新加坡《联合早报》网站5月25日引述路透社消息报道，美国芯片巨头英伟达据报将为 中国市场推出一款基于Blackwell架构的人工智能（AI）芯片，售价将大幅低于先前的H20芯片，预计最 快于6月开始量产。 报道称，这款采用最新一代Blackwell架构的AI处理器，预计售价介于6500美元至8000美元之间，明显 低于H20的定价。较低的售价通常意味着芯片规格相对较弱，制造工艺也更为简化。 点评：这将是英伟达第三次为中国市场推出符合美国监管要求的降级版芯片。美国政府日前禁止英伟达 向中国销售基于Hopper架构的H20芯片。 特朗普威胁50%关税两天后改口：恢复与欧盟贸易谈判窗口期 美国总统特朗普在与欧盟委员会主席冯德莱恩通电话后表示，他将把欧盟面临50%关税的最后期限延长 至7月9日。 特朗普当地时间周日在返回华盛顿的途中对记者说："我们进行了一次非常愉快的通话，我同意将它撤 回。" 冯德莱恩稍早前在X上发文称，"欧洲已准备好迅速、果断地推进谈判"，但"达成一项好的协议需要时 间，直到7月9日"。那是特朗普暂停所谓对等关税90天的截止日。 点评：这次 ...

Summary of Roman Holdings Conference Call Company Overview - **Company**: Roman Holdings (罗曼股份) - **Industry**: Entertainment and Landscape Design Key Points Expansion into Middle East Market - Roman Holdings successfully expanded its landscape projects into the Middle East by acquiring the overseas company Holos, capitalizing on the strong demand for nighttime and indoor landscapes in the region [2][5] - The company partnered with Saudi Arabia's Seven Fund to manage immersive experiences and lighting construction for a large commercial complex, with a total investment of $700 million, where Roman Holdings holds a 3-5% stake [2][3] Collaboration with Netflix - The collaboration with Netflix on the Netflix House project signifies a shift in business model from large outdoor parks to smaller entertainment facilities within commercial complexes, typically under 10,000 square meters [2][4] - Roman Holdings has undertaken themed projects such as "Stranger Things" and "Army of the Dead" [2][4] Financial Performance and Order Book - As of May 2025, the company has secured new orders totaling approximately 800 million RMB, with expectations to exceed 1 billion RMB for the year [3][20] - The tourism landscape projects have a typical cycle of 3-6 months and a profit margin of 25-30% [3][17] Product Offerings - Roman Holdings offers two main product types in the cultural tourism sector: 1. Enhancing visitor experiences through lighting, exemplified by projects like "Bashan Night Rain" and "Yellow Dragon Cave," which saw a 30% increase in ticket revenue during the May Day holiday [2][10] 2. Interactive play experience products like "360 Golf," which have been widely purchased by Universal Studios, Netflix, and Norwegian Cruise Lines, with total purchases exceeding 100 million RMB [2][10] Future Development Plans - The company plans to gradually develop its C-end market operations, launching the "360 Golf" product and developing a second mobile global screen aimed at commercial complexes [3][27] - Roman Holdings is also exploring the integration of well-known IPs into offline immersive experiences to attract visitors, leveraging existing fan bases to ensure customer flow and consumption [28][29] Government and Market Trends - The government is increasingly interested in using landscape and cultural tourism to attract visitors, moving away from solely relying on traditional landscape designs [23][24] - The company is cautious about projects in remote cities, preferring to focus on wealthier areas with clear payment sources [22] Challenges and Management - The project negotiation process took about six months due to the need for detailed communication on design concepts to ensure suitability for commercial complexes [7] - The rise in management expense ratios is attributed to higher overseas labor costs, but the company is working to improve cash collection to alleviate impairment pressures [35] Client Expansion - Roman Holdings is involved in various projects with major clients like Disney, Netflix, and Lego, with ongoing discussions about future expansions [36] Additional Insights - The company is focusing on the integration of AI and interactive technologies to enhance visitor experiences and operational efficiency [15][12] - The pricing for "360 Golf" equipment varies significantly based on client needs and venue specifications, ranging from over 1 million RMB to nearly 50 million RMB [18][11]