伐谋-中小盘周报 中小盘研究团队 2025 年 07 月 13 日 看好空分设备出海及城市更新下的智慧消防，关注半 导体探针台设备 ——中小盘周报 | 周佳（分析师） | 张越（分析师） | 赵晨旭（联系人） | | --- | --- | --- | | zhoujia@kysec.cn | zhangyue1@kysec.cn | zhaochenxu@kysec.cn | | 证书编号：S0790523070004 | 证书编号：S0790524090003 | 证书编号：S0790124120019 | 本周观点：看好空分设备出海及城市更新下的智慧消防 （1）空分设备出海：空分设备是生产工业气体的核心设备，主要应用于煤化工、 石油化工、冶金、核电等行业，市场空间超百亿元。近年来，"一带一路"建设 背景下，国内空分设备出海步伐不断加快。其中，福斯达凭借质量认证、客户资 源、项目经验、区域卡位等优势已在海外市场建立较强的品牌壁垒。（2）城市更 新下的智慧消防：2025 年以来，城市更新政策持续出台，着力打造宜居、韧性、 智慧城市。在城市更新背景下，老旧小区消防设施更新、消防系统升级改造需求 旺盛。青鸟消防 ...

摘要 ► 本 周数据： 2025年6月第4周（6.23-6.29）乘用车销量57.9万辆，同比+8.0%，环比+3.7%；新能源乘用车销量29.8万辆，同比+26.7%，环比+4.4%；新能源渗透率51.6%，环比 +0.3pct。 ► 本周行情 ： 汽车板块本周表现弱于市场 本周（6月30日-7月4日）A股汽车板块上涨0.65%，在申万子行业中排名第22位，表现弱于沪深300（+1.80%）。细分板块中，商用载客车、汽车零部件、汽车服 务、摩托车及其他、乘用车、商用载货车分别上涨4.91%、-0.62%、1.70%、5.68%、1.43%、0.69%。 ► 本周观点： 本月建议关注核心组合【吉利汽车、比亚迪、理想汽车、小鹏汽车、小米集团、伯特利、拓普集团、新泉股份、沪光股份、春风动力】。 ► 2024全球汽车零部件百强：德、日主导，中国零部件空间可期 乘用车： 看好智能化、全球化加速突破的优质自主，推荐 【吉利汽车、比亚迪、理想汽车、小米集团（与电子组联合覆盖）、小鹏汽车、赛力斯】 。 零部件：1）智能化： 推荐智能驾驶- 【伯特利、地平线机器人、科博达】 ，推荐智能座舱- 【继峰股份】；2）新势力产业链： ...

Core Viewpoint - The company has decided to abolish the supervisory board and amend its articles of association and related management rules in accordance with the new regulations effective from July 1, 2024, ensuring that the internal supervision mechanism remains operational through the audit committee of the board of directors [1][2]. Summary by Sections Abolishment of Supervisory Board - The company will no longer have a supervisory board or supervisors, with the audit committee taking over the supervisory functions as mandated by the Company Law [1]. - The decision was made during the 13th meeting of the third board of directors and the supervisory board on July 3, 2025 [1]. Amendments to Articles of Association - The articles of association have been revised to replace terms related to the supervisory board with those pertaining to the audit committee, including the removal of references to "supervisor" and "supervisory board" [2]. - Specific changes include the unification of terms from "shareholders' meeting" to "shareholders' assembly" and adjustments in clause numbering due to the deletion and addition of terms [2][3]. Legal Compliance - The amendments comply with the updated Company Law, regulations from the China Securities Regulatory Commission, and the Shanghai Stock Exchange listing rules [1][2]. - The company aims to maintain the legal rights and obligations of shareholders and ensure the protection of interests for all stakeholders [2]. New Provisions - New provisions have been added to clarify the responsibilities of the legal representative and the company's obligations in civil activities [4][5]. - The articles now include stipulations regarding the establishment of a Communist Party organization within the company, reflecting the integration of party activities into corporate governance [5]. Shareholder Rights and Responsibilities - The revised articles outline the rights of shareholders, including the right to dividends, participation in meetings, and the ability to request information [11][12]. - Shareholders are also required to comply with legal obligations and cannot abuse their rights to harm the company or other shareholders [17][18].

General Provisions - The company establishes a management system for the shares held by its directors and senior management to comply with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1] - This system applies to the management of shares held and traded by the company's directors and senior management [1] Prohibited Trading Situations - Directors and senior management are prohibited from transferring their shares under certain conditions, such as within one year of the company's stock listing and within six months after leaving their positions [2] - There are specific trading windows during which directors and senior management cannot buy or sell company shares, including 30 days before the announcement of annual and semi-annual reports [2][3] Short-term Trading Prohibitions - Directors and senior management must adhere to regulations regarding short-term trading, which prohibits selling shares within six months of purchase or buying shares within six months of selling [3][4] - Any profits from violations of this rule must be returned to the company, and the board must disclose the situation and remedial measures [3][4] Reporting and Disclosure of Trading Activities - Directors and senior management must provide timely updates on their personal information and trading activities to the company's board office [5][6] - The company must report any changes in the personal information of directors and senior management during their tenure and within six months after leaving [5] Management of Securities Accounts - Directors and senior management are required to manage their securities accounts and report any changes to the board [7] - The company will maintain a record of the basic information of current and recently departed directors and senior management regarding their securities accounts [7] Transferable Share Calculations - The transferable shares for directors and senior management are calculated based on their holdings at the end of the previous year, with a maximum of 25% transferable in the current year [8] - Any changes in shareholdings due to company actions, such as stock dividends or capital reductions, will affect the calculation of transferable shares [8] Responsibilities and Penalties - The company will report any violations of the trading rules by directors and senior management to the relevant regulatory bodies [9] - Internal disciplinary actions may be taken against those who violate the trading regulations, and serious violations may lead to penalties from regulatory authorities [9]

昆山沪光汽车电器股份有限公司 章 程 二〇二五年七月 昆山沪光汽车电器股份有限公司章程 目 录 昆山沪光汽车电器股份有限公司 章 程 第一章 总则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和 行为，根据《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》、《上市公司章程指引》和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关法律法规的规定由昆山沪光汽车 电器有限公司整体变更成立的股份有限公司（以下简称"公司"）。 第三条 公司以发起方式设立；在苏州市行政审批局注册登记，取得营业执 照，统一社会信用代码为 91320583251272131X。 第四条 公司于 2020 年 6 月 7 日经中国证券监督管理委员会（以下简称"中 国证监会"）批准，首次向社会公众发行人民币普通股 4,010 万股，于 2020 年 8 月 18 日在上海证券交易所上市。 第五条 公司注册名称：昆山沪光汽车电器股份有限公司 公司英文名称：KunShan HuGuang Auto Harness Co., Ltd. 第六条 公司住所：江苏省昆山市张浦镇沪光路 388 ...

昆山沪光汽车电器股份有限公司 内幕信息知情人登记管理制度 第一章 总则 第一条 为加强昆山沪光汽车电器股份有限公司（以下简称"公司"）内幕 信息管理，做好内幕信息保密工作，维护信息披露的公平原则，保护广大投资者 的合法权益，根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上 海证券交易所股票上市规则》、《上市公司信息披露管理办法》、中国证券监督 管理委员会（以下简称"中国证监会"）《上市公司监管指引第 5 号——上市公 司内幕信息知情人登记管理制度》等有关法律、行政法规、业务规则及《昆山沪 光汽车电器股份有限公司章程》、《昆山沪光汽车电器股份有限公司信息披露管 理制度》等的有关规定，结合公司实际情况，特制定本制度。 第二条 公司董事会是内幕信息的管理机构。董事会应当保证内幕信息知情 人档案真实、准确和完整，董事长为主要责任人。 第三条 公司董事会秘书为公司内幕信息保密工作负责人，并负责办理公司 内幕信息知情人的登记入档事宜。公司董事会办公室为公司内幕信息的监管、披 露及登记备案工作的日常工作部门。公司下属各部门、分公司、控股子公司及能 够对公司实施重大影响的参股公司主要负责人为本部门内幕信息管理的第 ...

Core Viewpoint - The company has established a management system to prevent the controlling shareholder and related parties from occupying company funds, ensuring compliance with relevant laws and regulations [1][2]. Group 1: Definition and Principles - The system defines fund occupation as both operational and non-operational fund occupation, with specific examples provided [2]. - The company must strictly monitor fund flows when engaging in transactions with controlling shareholders and related parties to prevent fund occupation [4]. - The company is prohibited from providing funds to controlling shareholders and related parties through various means, including covering expenses or providing loans without proper transaction backgrounds [2][4]. Group 2: Responsibilities and Measures - The controlling shareholder and actual controller have a duty of integrity towards the company and other shareholders, and must not exploit their control to harm the company's interests [3]. - The company has established a leadership group to oversee the prevention of fund occupation by controlling shareholders and related parties [4]. - The financial department is responsible for regular checks and reporting on non-operational fund transactions with controlling shareholders and related parties [4]. Group 3: Approval and Accountability - Any external guarantees provided by the company must be approved by the board of directors and the shareholders' meeting, especially if they exceed certain thresholds related to the company's net assets [5][6]. - Directors and senior management are liable for any losses incurred due to violations of laws or regulations regarding guarantees [5][8]. - The company must ensure that any funds occupied by controlling shareholders are repaid in cash, with strict controls on non-cash repayments [6]. Group 4: Transaction Procedures - The company must adhere to strict procedures for payments related to transactions with related parties, ensuring compliance with agreements and internal regulations [7]. - The financial department must obtain approval from the financial director and the legal representative before processing payments to related parties [7]. Group 5: Penalties and Amendments - Directors and senior management who assist or condone the occupation of company assets will face disciplinary actions, including potential removal from their positions [8]. - The management system must be approved by the shareholders' meeting and will be amended as necessary to comply with national laws and regulations [8].

General Provisions - The purpose of the remuneration and assessment committee is to enhance the management system for the remuneration and assessment of directors and senior management, improve corporate governance, and assist the board in making informed decisions [1][2] - The committee is established by the board of directors and is responsible for formulating assessment standards and remuneration policies for directors and senior management [1][2] Personnel Structure - The committee consists of three directors, with at least two independent directors, who must hold more than half of the committee's positions and serve as the convener [2][3] - The committee members are nominated by the chairman, more than half of the independent directors, or more than one-third of all directors, and elected by the board [2][3] Responsibilities and Authority - The main responsibilities of the committee include proposing remuneration for directors and senior management, suggesting changes to equity incentive plans, and advising on shareholding plans for subsidiaries [2][3] - The committee must document any recommendations not adopted by the board, including reasons for non-acceptance [2][3] Work Procedures - The human resources department operates under the committee's guidance to assist in remuneration and assessment tasks, providing necessary financial and performance data [3][4] - The committee evaluates directors and senior management based on audited financial results and self-assessment reports, proposing performance assessment outcomes for board approval [4][5] Meeting Rules - The committee holds at least two regular meetings annually, with additional meetings called as needed, requiring a two-thirds attendance for validity [5][6] - Decisions are made by majority vote, and meeting records must be kept, ensuring confidentiality of discussed matters [5][6] Supplementary Provisions - The work system is subject to national laws and regulations, and any conflicts with future laws or amendments to the company's articles of association will be resolved in favor of the latter [6]

昆山沪光汽车电器股份有限公司 关联交易管理制度 第一章 总则 第一条 为保证昆山沪光汽车电器股份有限公司（以下简称"公司"）与关 联方之间的关联交易符合公平、公正、公开的原则，确保公司的关联交易行为不 损害公司和非关联股东的合法权益，根据《中华人民共和国公司法》、《中华人 民共和国证券法》、《上海证券交易所股票上市规则》等有关法律、法规、规范 性文件及《昆山沪光汽车电器股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，结合公司实际情况，制订本制度。 第二条 公司与关联人之间的关联交易除遵守有关法律、法规、规范性文件 及《公司章程》规定外，还需遵守本制度的有关规定。 第三条 公司与关联人之间的关联交易应签订书面协议。协议的签订应当遵 循平等、自愿、等价、有偿的原则，协议内容应明确、具体。 第四条 关联交易活动应遵循公平、公正、公开的原则,关联交易的价格原则 上不能偏离市场独立第三方的价格或收费的标准。 第五条 公司股东、董事、高级管理人员不得利用其关联关系损害公司利益。 违反规定的，给公司造成损失的，应当承担赔偿责任。 第二章 关联交易及关联人 第六条 关联关系，是指公司控股股东、实际控制人、董事、高 ...

证券代码：605333 证券简称：沪光股份 公告编号：2025-044 昆山沪光汽车电器股份有限公司 第三届董事会第十三次会议决议公告 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、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 （一）昆山沪光汽车电器股份有限公司（以下简称"公司"）第三届董事会 第十三次会议通知已于 2025 年 6 月 23 日通过专人送达、电话及邮件等方式通知 了全体董事。 （二）本次会议于 2025 年 7 月 3 日以现场结合通讯表决方式在昆山市张浦 镇沪光路 388 号公司四楼会议室召开。 （三）本次会议由成三荣召集并主持，会议应出席董事 7 人，实际出席董事 7 人。公司监事、高级管理人员列席了本次会议。 （四）本次会议的召集、召开和表决程序符合有关法律、法规和《公司章程》 的规定，会议形成的决议合法有效。 二、董事会会议审议情况 经与会董事认真审议，会议审议并通过了如下议案： （一）审议通过了《关于取消监事会并修订<公司章程>及相关议事规则的 议案》 根据《中华人民共和国公司法》、《关于新<公司法>配套制度规则 ...