华泰联合证券有限责任公司 关于江苏长龄液压股份有限公司 发行股份及支付现金购买资产暨关联交易 之 2024 年度业绩承诺实现情况核查意见 独立财务顾问 2025 年 4 月 1 释 义 本报告中，除非文意另有所指，下列简称具有如下含义： 华泰联合证券有限责任公司作为江苏长龄液压股份有限公司发行股份及支 付现金购买资产暨关联交易的独立财务顾问，根据《重组管理办法》《财务顾问 业务管理办法》《股票上市规则》等相关规定，对业绩承诺方作出的关于江阴尚 驰机械设备有限公司 2024 年度业绩承诺实现情况进行了核查，并发表意见如下： 一、业绩承诺及补偿安排 2 2023 年 5 月 29 日，上市公司与交易对方许建沪、尚拓合伙、江阴尚驰签订 了《盈利预测补偿协议》。 （一）利润补偿期间 各方同意本次交易项下标的公司的盈利承诺期限为 3 年，为本次交易实施完 毕当年起的三个会计年度，即 2023 年度、2024 年度及 2025 年度（以下称"盈利 承诺期"），如本次交易未能在 2023 年内实施完毕，盈利承诺期限则相应往后顺 延，有关顺延期间及其承诺等由双方另行签署补充协议予以具体约定。 （二）承诺净利润及计算标准 许建 ...

华泰联合证券有限责任公司 关于江苏长龄液压股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易 之 2024 年度持续督导核查意见暨持续督导总结报告 独立财务顾问 2025 年 4 月 1 声 明 华泰联合证券有限责任公司（以下简称"本独立财务顾问"或"华泰联合证 券"）作为江苏长龄液压股份有限公司（以下简称"长龄液压"、"公司"或"上 市公司"）发行股份及支付现金购买资产并募集配套资金暨关联交易的独立财务 顾问，根据《重组管理办法》《上市规则》等有关规定，按照证券行业公认的业 务标准、道德规范，本着诚实信用、勤勉尽责的态度，本独立财务顾问经过审慎 核查，结合长龄液压 2024 年年度报告，出具了关于长龄液压发行股份及支付现 金购买资产并募集配套资金暨关联交易的持续督导意见。 本独立财务顾问对长龄液压发行股份及支付现金购买资产并募集配套资金 暨关联交易所出具持续督导意见所依据的文件、书面资料、财务数据、业务数据 等由上市公司及重组各方提供并由各方对其真实性、准确性和完整性承担全部责 任。本独立财务顾问对本次督导所发表意见的真实性、准确性和完整性负责。 本持续督导意见不构成对长龄液压的任何投资建议 ...

Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax), totaling approximately 43,226,121.00 RMB based on a total share capital of 144,087,070 shares as of December 31, 2024[8]. - The company has not implemented any stock bonus or capital reserve conversion plans for this dividend distribution[8]. - The board of directors has proposed a differentiated cash dividend policy based on the company's development stage and financial conditions[137]. - The company plans to propose a mid-year dividend arrangement for 2024 during the board meeting[121]. - Over the last three accounting years, the cumulative cash dividend paid was 198,984,789.50 RMB, with an average annual net profit of 107,850,760.18 RMB, resulting in a cash dividend ratio of 184.50%[141]. Financial Performance - The company's operating revenue for 2024 was approximately ¥883.50 million, representing a 9.57% increase compared to ¥806.31 million in 2023[24]. - Net profit attributable to shareholders decreased by 6.84% to ¥94.73 million in 2024 from ¥101.69 million in 2023[24]. - The cash flow from operating activities significantly dropped by 58.22% to ¥77.49 million in 2024, down from ¥185.45 million in 2023[24]. - Basic earnings per share for 2024 were ¥0.66, a decrease of 9.59% from ¥0.73 in 2023[26]. - The weighted average return on equity fell to 4.49% in 2024, down from 5.24% in 2023, a decrease of 0.75 percentage points[26]. - Total assets decreased by 4.83% to approximately ¥2.40 billion in 2024 from ¥2.52 billion in 2023[25]. - The net assets attributable to shareholders slightly decreased by 0.61% to approximately ¥2.10 billion at the end of 2024 compared to ¥2.11 billion at the end of 2023[24]. - The total profit amounted to CNY 116.70 million, a decrease of 3.06% compared to the previous year[56]. - The company's operating costs increased by 7.09% to CNY 659.12 million[57]. - Research and development expenses rose by 13.11% to CNY 38.95 million, reflecting the company's commitment to innovation[57]. Corporate Governance - The company has implemented a robust corporate governance structure, ensuring compliance with laws and regulations, and maintaining operational efficiency and financial integrity[104]. - The board of directors consists of 5 members, including 2 independent directors, ensuring diverse oversight and adherence to governance standards[105]. - The company has independent financial and human resources departments, ensuring separation from the controlling shareholder's influence, thus maintaining operational independence[106]. - The company held 3 shareholder meetings during the reporting period, all conducted in compliance with legal requirements, ensuring valid decision-making processes[110]. - The company has established a clear process for the evaluation and adjustment of compensation based on performance metrics[117]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential challenges and risks[9]. - The company faces risks related to macroeconomic fluctuations, raw material price volatility, and market competition, which could impact its performance[100]. - The company continues to maintain a cautious approach towards credit risk management following the bankruptcy of a key customer[182]. - The domestic market for tracking brackets remains underdeveloped, and reliance on foreign markets exposes the company to risks from trade policies and tariffs, potentially affecting future revenue[102]. Market Expansion and Development - The company is focusing on expanding its market presence, particularly in emerging and overseas markets, while optimizing its core product structure[36]. - The company is actively developing a production base in Thailand for rotary reducers and hydraulic products to enhance its international market share[38]. - The company is expanding its global footprint, particularly in the photovoltaic sector, with ongoing projects in Thailand[55]. - The company aims to become a leading manufacturer of hydraulic components globally, focusing on product development and innovation[93]. Subsidiaries and Acquisitions - The company has established a new wholly-owned subsidiary in Singapore and a controlling subsidiary in Thailand during the reporting period[15]. - The company acquired Jiangyin Shangchi in August 2023, which contributed to the increase in operating revenue[26]. - The company acquired 70% of Jiangyin Shangchi Machinery Equipment Co., which specializes in the research, production, and sales of reducers for photovoltaic tracking brackets[49]. Research and Development - The company has over 100 patents and has developed hydraulic rotary joints with independent intellectual property rights, showcasing its technological strength[53]. - The company emphasizes R&D innovation, aiming to improve product quality and adapt to customer needs through advanced technology and collaboration with academic institutions[95]. - The total R&D expenditure for the period was 38,948,751.30 RMB, accounting for 4.41% of total operating revenue[72]. Environmental and Social Responsibility - The company invested 1.66 million RMB in environmental protection during the reporting period[147]. - The company utilized rooftop solar power generation to reduce carbon emissions during the reporting period[150]. - The company made a total donation of 0.3519 million RMB to local education and charity initiatives[152]. Shareholder Commitments - The controlling shareholders have committed to ensuring the independence of the company's personnel and financial operations, including the establishment of an independent financial accounting department[159]. - The controlling shareholders guarantee that the listed company will maintain independence in assets, business, personnel, finance, and organization following the restructuring[162]. - The controlling shareholders will not utilize their position to harm the interests of the listed company or its subsidiaries[163].

财报显示，长信基金旗下长信量化先锋混合A为长龄液压前十大股东，去年四季度减持，持股比例为 0.17%。今年以来收益率-3.92%，同类排名1245(总4303)。 4月7日，长龄液压股票盘中跌停，江苏长龄液压股份有限公司(长龄液压)成立于2006年12月,于2021年3 月22日在上交所上市,股票代码605389,是一家拥有自主知识产权,集液压元件、精密铸件、回转减速器件 等产业于一体的大型制造企业,主要产品为液压中央回转接头、履带张紧装置、液压阀、回转减速器及 各类精密铸件等,配套工程机械、能源开采、光伏跟踪、汽车制造、家用电器、工业制冷等众多行业。 来源：金融界 简历显示，左金保先生:中国,经济学硕士,武汉大学金融工程专业研究生毕业。2010年7月加入长信基金 管理有限责任公司,从事量化投资研究和风险绩效分析工作。历任公司数量分析研究员和风险与绩效评 估研究员、量化研究部总监、先后于2015年3月至2015年7月担任长信中证中央企业100指数证券投资基 金(LOF)的基金经理、2015年7月至2018年2月担任长信量化多策略股票型证券投资基金的基金经理、 2015年8月至2018年2月担任长信中证一带一路 ...

证券代码：605389 证券简称：长龄液压 公告编号：2025-003 江苏长龄液压股份有限公司 关于终止筹划控制权变更事项暨复牌的公告 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。 一、停牌情况概述 公司收到控股股东、实际控制人夏继发先生通知，其正在筹划公司股份协议转 让以及公司收购资产相关事项，该事项可能导致公司控制权发生变更。 鉴于该事项正在洽谈中，尚存不确定性，为保证公平信息披露，维护投资者利 益，避免造成公司股价异常波动，根据《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 4 号——停复牌》等相关规定，经公司向上海 证券交易所申请，公司股票（证券代码：605389，证券简称：长龄液压）已于 2025 年 1 月 13 日（星期一）开市起停牌。具体内容详见公司于 2025 年 1 月 13 日在指 定信息披露媒体及上海证券交易所网站（www.sse.com.cn）披露的《江苏长龄液压 股份有限公司关于筹划控制权变更事项紧急停牌的公告》（公告编号：2025-001）。 停牌期间，公司控股股东、实 ...

江苏长龄液压股份有限公司 关于筹划控制权变更事项继续停牌的公告 证券代码：605389 证券简称：长龄液压 公告编号：2025-002 股票停牌期间，公司将根据该事项进展情况，严格按照有关法律法规的规定 和要求履行信息披露义务。待上述事项确定后，公司将及时发布相关公告并申请 公司股票复牌。 证券停复牌情况：适用 因江苏长龄液压股份有限公司（以下简称"公司"）控股股东、实际控制人 夏继发先生正在筹划重大事项，该事项可能导致公司控制权发生变更。本公司的 相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | | 605389 | 长龄液压 | 股 A | 停牌 | 2025/1/14 | | | | 公司近日收到控股股东、实际控制人夏继发先生通知，其正在筹划公司股份 协议转让以及公司收购资产相关事项，该事项可能导致公司控制权发生变更。 鉴于该事项正在洽谈中，尚存不确定性，为保证公平信息披露，维护投资者 利益，避免造成公司股价异常波动， ...

公司近日收到控股股东、实际控制人夏继发先生通知，其正在筹划公司股份 协议转让以及公司收购资产相关事项，该事项可能导致公司控制权发生变更。 证券代码：605389 证券简称：长龄液压 公告编号：2025-001 江苏长龄液压股份有限公司 关于筹划控制权变更事项紧急停牌的公告 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： 证券停复牌情况：适用 因江苏长龄液压股份有限公司（以下简称"公司"）控股股东、实际控制人夏 继发先生正在筹划重大事项，该事项可能导致公司控制权发生变更。本公司的相 关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | | 605389 | 长龄液压 | 股 A | 停牌 | 2025/1/13 | 全天 | 2025/1/13 | 2025/1/14 | 2025 年 1 月 13 日 鉴于该事项正在洽谈中，尚存不确 ...

证券代码：605389 证券简称：长龄液压 公告编号：2024-046 江苏长龄液压股份有限公司 关于单项计提资产减值准备的公告 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。 江苏长龄液压股份有限公司（以下简称"公司"）根据《企业会计准则》《上 海证券交易所股票上市规则》等相关法律法规及相关会计政策的规定，现将公司 单项计提资产减值准备的情况公告如下： 一、单项计提资产减值准备情况 苏州爱康为浙江爱康新能源科技股份有限公司全资子公司，成立于 2010 年， 注册资本 30,000 万元，法定代表人赵银德，其主营业务为光伏电站支架的生产 和安装。 鉴于苏州爱康的重整方案尚未出台，且重整程序复杂、流程较长，时间进度 难以把握，公司结合苏州爱康的经营状况及向其催款的实际进展等情况综合判断， 为真实、准确、完整地反映公司经营情况和财务状况，根据《企业会计准则》和 公司会计政策的相关规定，基于谨慎性原则，对截至 2024 年 12 月 27 日苏州爱 康的应收账款进行单项计提减值准备。具体情况如下： 单位：万元 | 客户名称 | 应收 ...

一、聚焦经营主业、提升核心竞争力 公司经过多年的技术专注与创新，逐渐发展成为集液压元件、精密铸件等产 业于一体的大型企业，总部位于中国江阴，目前公司拥有多个生产制造、研发基 地，占地面积四百余亩。公司产品具体包括中央回转接头、张紧装置、工程机械 回转减速器、精密铸件和光伏回转减速器等，下游客户遍及工程机械、光伏跟踪、 AGV 运输车、家用电器、工业制冷、工业制造、汽车制造等领域。 公司立足于现有业务的同时，将积极采用新工艺、新材料，专注于产品的开 发与持续创新，深耕国内市场，加速公司全球化布局，把握公司发展的历史机遇， 达成"实现客户价值，争创世界名牌"的公司目标。 证券代码：605389 证券简称：长龄液压 公告编号：2024-045 江苏长龄液压股份有限公司 关于"提质增效重回报"行动方案的公告 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。 江苏长龄液压股份有限公司（以下简称"公司"）为深入贯彻党的二十大和 中央金融工作会议精神，落实国务院《关于进一步提高上市公司质量的意见》要 求，积极响应上海证券交易所《关于开展沪市公 ...

Financial Performance - The company's operating revenue for the third quarter of 2024 was RMB 207,734,307.71, representing a year-on-year increase of 19.17%[1] - The net profit attributable to shareholders for the same period was RMB 25,889,569.45, reflecting an 18.68% increase compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was corrected to RMB 24,838,509.36, with a year-on-year growth of 21.98%[2] - The basic earnings per share for the third quarter was RMB 0.18, showing a 12.50% increase year-on-year[2] - The diluted earnings per share also stood at RMB 0.18, marking a significant increase of 50.00% compared to the same period last year[2] - The weighted average return on equity was 1.22%, an increase of 0.1 percentage points from the previous year[2] Assets and Equity - Total assets at the end of the reporting period were RMB 2,347,074,702.11, down 7.01% from the end of the previous year[2] - Shareholders' equity attributable to the company was RMB 2,094,497,767.09, a decrease of 0.74% compared to the previous year[2] Cash Flow - The net cash flow from operating activities was not applicable for this period, but it decreased by 43.04% year-on-year for the year-to-date[2] Information Disclosure - The company expressed apologies for any inconvenience caused by the correction and committed to improving the quality of information disclosure in the future[3]