上海市广发律师事务所 关于江苏长龄液压股份有限公司 2025年第一次临时股东大会的 法律意见书 一 广发律师事务所 电话: 021-58358013 | 传真: 021-58358012 网址： http://www.gffirm.com| 电子信箱: gf@gffirm.com 办公地址：上海市浦东新区南泉北路 429 号泰康保险大厦 26 楼 | 邮政编码：200120 上海市广发律师事务所 关于江苏长龄液压股份有限公司 2025 年第一次临时股东大会的法律意见书 致:江苏长龄液压股份有限公司 江苏长龄液压股份有限公司(以下简称"公司")2025年第一次临时股东 大会于 2025年 11月 11 日在江苏省江阴市云亭街道云顾路 885 号公司三楼大会 议室召开。上海市广发律师事务所经公司聘请,委派姚思静律师、姚培琪律师出 席现场会议。根据《中华人民共和国公司法》(以下简称"《公司法》")、《上 市公司股东会规则》(以下简称"《股东会规则》")等法律法规、其他规范性 文件以及《江苏长龄液压股份有限公司章程》(以下简称"《公司章程》")的 规定,就本次股东大会的召集和召开程序、召集人及出席会议人员的资格、会议 ...

Core Viewpoint - Changling Hydraulic reported a decrease in the number of shareholders, indicating a potential shift in investor sentiment and stock liquidity [2] Group 1: Shareholder Information - As of November 10, the number of shareholders for Changling Hydraulic was 8,145, a decrease of 1,327 from the previous period (October 31), representing a decline of 14.01% [2] Group 2: Stock Performance - The closing price of Changling Hydraulic was 62.19 yuan, down 0.03%, with a cumulative decline of 7.87% since the concentration of shares began [2] - The stock experienced 2 days of increase and 5 days of decrease during the reporting period [2] Group 3: Financial Performance - For the first three quarters, the company achieved operating revenue of 750 million yuan, a year-on-year increase of 10.50% [2] - The net profit for the same period was 110 million yuan, reflecting a year-on-year growth of 20.51% [2] - The basic earnings per share were 0.7700 yuan, with a weighted average return on equity of 5.19% [2]

Core Viewpoint - The company announced the resignation of non-independent director Zhu Fang due to work adjustments, and subsequently elected her as a representative director and member of the strategic committee [1] Group 1 - The board of directors received a written resignation report from Zhu Fang on November 11, 2025 [1] - Zhu Fang's resignation is attributed to work adjustment reasons [1] - The company held a staff representative meeting and the eighth meeting of the third board of directors on the same day [1] Group 2 - Zhu Fang was elected as a staff representative director and a member of the strategic committee during the board meeting [1]

证券代码：605389 证券简称：长龄液压 公告编号：2025-048 重要内容提示： 截至本公告披露之日，本次要约收购事项尚在推进过程中，收购人无锡 核芯破浪科技合伙企业（有限合伙）（以下简称"核芯破浪"）何时发布要约收 购报告书全文的时间尚未最终确定。请投资者注意投资风险。 江苏长龄液压股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日收 到核芯破浪发来的《关于要约收购江苏长龄液压股份有限公司进展情况的函》， 现将函件内容公告如下： "2025 年 7 月 10 日，无锡核芯破浪科技合伙企业（有限合伙）（以下简称 "核芯破浪"）向江苏长龄液压股份有限公司（以下简称"上市公司"、"长龄 液压"）发出《江苏长龄液压股份有限公司要约收购报告书摘要》（以下简称"《要 约收购报告书摘要》"）。核芯破浪拟按照《上市公司收购管理办法》的相关规 定向除无锡核芯听涛科技合伙企业（有限合伙）（现已更名为"无锡核芯听涛科 技合伙企业（普通合伙）"，以下简称"核芯听涛"）、江阴澄联双盈投资合伙 企业（有限合伙）（以下简称"澄联双盈"）以外长龄液压全体股东发出部分要 约，收购长龄液压 17,290,448 股股份 ...

Market Overview - The engineering machinery sector increased by 1.85% on November 6, with Hengli Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Hengli Hydraulic (601100) closed at 93.15, up 6.66% with a trading volume of 110,000 shares and a transaction value of 1.004 billion [1] - Zoomlion Heavy Industry (000157) closed at 8.63, up 2.98% with a trading volume of 1.4719 million shares and a transaction value of 1.261 billion [1] - Xiamen XGMA (600815) closed at 3.80, up 2.43% with a trading volume of 4.7292 million shares and a transaction value of 1.863 billion [1] - Other notable performers include Hangcha Group (603298) up 2.23% and Zhejiang Dingli (603338) up 1.81% [1] Capital Flow - The engineering machinery sector experienced a net outflow of 201 million from institutional investors and 183 million from retail investors, while retail investors saw a net inflow of 384 million [2][3] - Major stocks like Zoomlion Heavy Industry had a net inflow of 63.06 million from institutional investors but a net outflow from retail investors [3] - Hengli Hydraulic had a net inflow of 21.10 million from institutional investors, indicating mixed investor sentiment [3]

Core Viewpoint - Longling Hydraulic (605389) reported that as of October 31, 2025, the number of shareholders is 9,472 [1] Company Summary - Longling Hydraulic has engaged with investors through an interactive platform, providing updates on shareholder numbers [1]

Core Viewpoint - The engineering machinery sector experienced a decline of 0.76% on November 4, with Weiman Sealing leading the losses [1][2]. Group 1: Market Performance - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1]. - The engineering machinery sector saw a mixed performance among individual stocks, with notable gainers including: - XG Group (厦工股份) up 10.13% at 3.37 [1]. - Tietuo Machinery (铁拓机械) up 7.93% at 26.96 [1]. - Liugong (柳工) up 2.49% at 11.95 [1]. - Conversely, Weiman Sealing (唯万密封) led the decline, down 6.36% at 36.53 [2]. Group 2: Trading Volume and Capital Flow - The engineering machinery sector had a net inflow of 114 million yuan from institutional investors, while retail investors saw a net outflow of 192 million yuan [2][3]. - The trading volume for key stocks included: - XG Group with a trading volume of 621,300 shares and a turnover of 206 million yuan [1]. - Tietuo Machinery with a trading volume of 107,000 shares and a turnover of 281 million yuan [1]. - The capital flow for individual stocks showed significant net inflows for: - XG Group with a net inflow of 116 million yuan from institutional investors [3]. - Yichuan Heavy Industry (一重工) with a net inflow of 110 million yuan [3].

江苏长龄液压股份有限公司 （JiangSu Changling Hydraulic Co., Ltd） （江阴市云亭街道云顾路 885 号） 股票代码：605389 2025 年第一次临时股东大会 会议资料 2025 年 11 月 1 | . | 4 | | --- | --- | | 1 | A | | | | 江苏长龄液压股份有限公司 2025 年第一次临时股东大会会议议程 一、会议时间 2025 年 11 月 11 日 13:00 二、会议地点 江苏省江阴市云亭街道云顾路 885 号公司三楼大会议室 三、会议出席、列席对象 （一）股东及股东代表 （四）其他人员 （二）推举计票、监票人。 （三）主持人向大会报告出席现场会议的股东人数及其代表的股份数。 （四）逐项审议内容： | 序号 | 议案名称 | | --- | --- | | 1 | 关于取消监事会、修订《公司章程》并授权办理工商变更登记的议案 | | 2.00 | 关于修订、制定公司部分治理制度的议案 | | 2.01 | 关于修订《股东会议事规则》的议案 | | 2.02 | 关于修订《董事会议事规则》的议案 | | 2.03 | 关于修订《独立 ...

Core Viewpoint - Changling Hydraulic is a leading manufacturer of hydraulic components in China, focusing on research, production, and sales of hydraulic parts and precision castings, with a strong emphasis on technology and full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Changling Hydraulic achieved a revenue of 750 million yuan, ranking 4th among 12 companies in the industry, with the top competitor, Hengli Hydraulic, generating 7.79 billion yuan [2] - The revenue breakdown includes 172 million yuan from tensioning devices (36.61%), 106 million yuan from precision castings (22.59%), and 101 million yuan from central swivel joints (21.51%) [2] - The net profit for the same period was 120 million yuan, also ranking 4th in the industry, with Hengli Hydraulic leading at 2.09 billion yuan [2] Group 2: Financial Health - As of Q3 2025, the asset-liability ratio of Changling Hydraulic was 10.70%, an increase from 8.18% year-on-year, significantly lower than the industry average of 29.94%, indicating strong solvency [3] - The gross profit margin for the period was 28.64%, up from 27.13% year-on-year, surpassing the industry average of 27.79%, reflecting robust profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.41% to 8,868, while the average number of circulating A-shares held per account increased by 4.61% to 15,400 [5] - The company has focused on technology and has expanded into the photovoltaic sector through the acquisition of 70% of Jiangyin Shangchi in 2023, with projected net profit commitments for 2023-2025 [5] Group 4: Future Projections - Expected net profits for Changling Hydraulic from 2025 to 2027 are projected to be 122 million yuan, 155 million yuan, and 231 million yuan, representing year-on-year growth rates of 28.7%, 27.4%, and 48.6% respectively [5]

Core Insights - The company reported a significant increase in revenue and net profit for the third quarter of 2025, indicating strong financial performance [2] Financial Performance - The company achieved a revenue of 284,770,459.09 yuan in the third quarter of 2025, representing a year-on-year growth of 37.08% [2] - The net profit attributable to shareholders of the listed company was 44,712,459.77 yuan, showing a year-on-year increase of 72.70% [2]