Group 1 - The stock price of Jingsong Intelligent (688251.SH) closed at 21.31 yuan, with a decline of 9.67%, currently in a state of breaking issue [1] - Jingsong Intelligent was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 6, 2022, with an issuance of 14.857116 million shares, accounting for 25% of the total share capital after issuance, at an initial price of 35.62 yuan per share [1] - The highest price reached on the first day of listing was 65.00 yuan, followed by a downward trend in stock price [1] Group 2 - The total amount of funds raised by Jingsong Intelligent was 529 million yuan, with a net amount of 465 million yuan after deducting issuance costs, exceeding the original plan by 127 million yuan [1] - The company planned to raise 338 million yuan for projects including the technological transformation of the intelligent logistics system production base, R&D center construction, and working capital supplementation [1] - The total issuance costs amounted to 63.7213 million yuan, with Huazhong Securities receiving 44.4571 million yuan as underwriting fees [1] Group 3 - On June 25, 2024, Jingsong Intelligent announced a cash dividend of 0.22 yuan per share and a stock increase of 0.45 shares for every share held, with the record date on June 28, 2024 [2] - For the 2024 annual profit distribution, the company plans to distribute a cash dividend of 1.48 yuan for every 10 shares (including tax), totaling approximately 12.85 million yuan [2] - The company also plans to increase its capital reserve by 1.6 shares for every 10 shares held, resulting in an increase of total share capital to 100,742,300 shares after the distribution [2]

科创50指数今日上涨1.61%，报收986.30点，科创板全日成交量25.73亿股，成交额822.29亿元，加权平 均换手率为1.52%。 证券时报·数据宝统计显示，今日可交易科创板股中，542只股收盘上涨，涨幅超过10%的有11只，其 中，概伦电子、益方生物等2股涨停，涨幅在5%至10%的有54只，收盘下跌的有41只。 科创板股换手率区间分布显示，换手率超过20%的有1只，换手率10%~20%的有9只，换手率5%~10%的 47只，换手率3%~5%的75只，换手率1%~3%的306只，换手率不足1%的有149只。 换手率最高的是汉邦科技，该股今日收盘上涨4.22%，全天换手率31.55%，成交额2.58亿元，其次是科 捷智能，该股今日收盘上涨3.26%，全天换手率19.43%，成交额5.09亿元，换手率居前的还有中邮科 技、精进电动、井松智能等，换手率分别为18.32%、16.07%、13.83%。 市场表现看，换手率超5%的个股中，今日上涨的有53只，涨幅居前的有概伦电子、中邮科技、精进电 动等，分别上涨20.01%、14.69%、14.54%。跌幅居前的有卓然股份、芯导科技、爱科赛博等，分别下 跌2.8 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a target price of 22.40 CNY, compared to the current price of 21.38 CNY [4][8]. Core Insights - The company achieved a revenue of 836 million CNY in 2024, representing a year-on-year growth of 25.75%. The net profit attributable to the parent company was 43 million CNY, with a growth of 1.48%. The non-recurring net profit reached 37 million CNY, showing a significant increase of 60.72% [2][4]. - In Q1 2025, the company reported a revenue of 79.86 million CNY, marking a year-on-year increase of 51.43%, while the net profit attributable to the parent company was a loss of 0.718 million CNY, indicating a substantial narrowing of losses [2][4]. Financial Performance - The company’s main revenue sources in 2024 included: 1. Intelligent warehousing logistics systems, generating 711 million CNY, up 23.34% year-on-year. 2. Intelligent warehousing logistics equipment, generating 98 million CNY, up 35.50% year-on-year [8]. - The overall gross margin for 2024 was 23.84%, an increase of 1.19 percentage points year-on-year. The gross margin for intelligent warehousing logistics systems was 21.46%, up 0.69 percentage points, while for intelligent warehousing logistics equipment, it was 38.66%, up 5.08 percentage points [8]. Future Projections - Revenue projections for 2025-2027 are as follows: - 2025: 1,034 million CNY - 2026: 1,268 million CNY - 2027: 1,540 million CNY - The net profit attributable to the parent company is projected to be: - 2025: 56 million CNY - 2026: 63 million CNY - 2027: 71 million CNY [8][9]. Valuation Metrics - The report suggests a 35x price-to-earnings (P/E) ratio for 2025, leading to a target price of approximately 22.40 CNY. The company is expected to benefit from its leading position in the intelligent warehousing and equipment sector, driving both revenue and valuation growth [8][9].

Investment Rating - The report maintains a "Recommended" rating for the company, with a target price of 22.40 yuan, compared to the current price of 21.38 yuan [4][8]. Core Insights - The company achieved a revenue of 836 million yuan in 2024, representing a year-on-year growth of 25.75%. The net profit attributable to the parent company was 43 million yuan, with a growth of 1.48%, while the net profit after deducting non-recurring items reached 37 million yuan, showing a significant increase of 60.72% [2][4]. - In Q1 2025, the company reported a revenue of 79.86 million yuan, a year-on-year increase of 51.43%, although it recorded a net loss of 718,000 yuan, which is a substantial narrowing of losses [2][4]. - The company’s main revenue source is the intelligent warehousing logistics system, which generated 711 million yuan in revenue, up 23.34% year-on-year. The intelligent warehousing logistics equipment also saw a revenue increase of 35.50%, reaching 98 million yuan [8][9]. - The overall gross margin for 2024 was 23.84%, an increase of 1.19 percentage points year-on-year. The gross margin for the intelligent warehousing logistics system was 21.46%, while the equipment segment improved significantly to 38.66% [8][9]. - The company is focusing on R&D, particularly in the area of automated guided vehicles (AGV) and has introduced new products, enhancing its competitive edge in the market [8][9]. Financial Summary - The company’s total revenue is projected to grow from 1,034 million yuan in 2025 to 1,540 million yuan by 2027, with net profits expected to rise from 56 million yuan to 71 million yuan in the same period [8][9]. - The company’s earnings per share (EPS) is forecasted to increase from 0.49 yuan in 2024 to 0.82 yuan by 2027 [8][9]. - The price-to-earnings (P/E) ratio is expected to decrease from 43 times in 2024 to 26 times in 2027, indicating a potential increase in valuation as earnings grow [8][9].

Core Viewpoint - Hefei Jingsong Intelligent Technology Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss key proposals, including the termination of certain fundraising projects and the revision of the company's governance structure [1][6]. Group 1: Meeting Procedures - The meeting is organized to ensure the orderly conduct and protection of shareholders' rights, with specific guidelines for attendance and participation [1][2]. - Shareholders must present identification and register for the meeting between specified times [2]. - The meeting will include a combination of on-site and online voting, with detailed procedures outlined in prior announcements [3][4]. Group 2: Proposals - Proposal 1 involves terminating the "Intelligent Logistics System Production Base Technical Transformation Project" and reallocating the remaining and unused funds to a new project aimed at producing 10,000 sets of intelligent logistics equipment [4][5]. - Proposal 2 seeks to abolish the supervisory board and transfer its responsibilities to the audit committee of the board of directors, in accordance with the revised Company Law [6][7]. - Proposal 3 focuses on revising certain corporate governance systems to enhance operational standards, with specific changes requiring shareholder approval [8][9][10].

合肥井松智能科技股份有限公司 2025 年第二次临时股东大会会议资料 合肥井松智能科技股份有限公司 2025 年第二次临时股东大会会议资料 （证券简称：井松智能 股票代码：688251） 合肥井松智能科技股份有限公司 2025 年第二次临时股东大会会议资料 合肥井松智能科技股份有限公司 二〇二五年六月 1 合肥井松智能科技股份有限公司 2025 年第二次临时股东大会会议资料 目录 | 2025 | 年第二次临时股东大会会议须知 3 | | --- | --- | | 2025 | 年第二次临时股东大会会议议程 5 | | 2025 | 年第二次临时股东大会会议议案 7 | | | 议案一：关于部分募投项目终止并将剩余募集资金和尚未使用的超募资金投 | | | 入新项目的议案 7 | | | 议案二：关于公司取消监事会暨修订《公司章程》的议案 8 | | | 议案三：关于修订部分公司治理制度的议案 9 | 2 2025 年第二次临时股东大会会议须知 为维护投资者合法权益，确保公司股东大会正常秩序和顺利召开，根据 《公司法》、《上市公司股东会规则》及《公司章程》的有关规定，特制定 如下会议须知，望出席股东大会的全 ...

Core Viewpoint - The company has appointed Yin Daojun as the employee representative director of the second board, ensuring compliance with relevant laws and regulations [1][2]. Group 1: Appointment Details - The company held an employee representative meeting to elect Yin Daojun as the employee representative director, transitioning from a non-employee representative director [1]. - Yin Daojun's term will last until the second board's term ends, starting from the approval date of the relevant resolution at the upcoming extraordinary shareholders' meeting [1]. Group 2: Qualifications and Background - Yin Daojun holds a master's degree and has a background as a senior engineer, with previous roles including mechanical engineer and supervisor at Anhui Heli Co., Ltd. [1]. - He currently serves as the chief engineer and deputy general manager of the company since January 2021 [1]. - Yin Daojun holds 14,500 shares in the company through Benzhi Investment and has no conflicts of interest with other board members [2].

Core Viewpoint - The internal audit system of Hefei Jingsong Intelligent Technology Co., Ltd. aims to standardize internal audit work, clarify responsibilities, ensure audit quality, and enhance operational management and economic efficiency [1][2]. Group 1: Internal Audit Objectives and Responsibilities - Internal audit is defined as an evaluation activity conducted by the internal audit department to assess the effectiveness of internal controls, risk management, and the authenticity and completeness of financial information [1][2]. - The purpose of internal audit is to promote the establishment and improvement of internal controls, effectively control costs, improve management, mitigate operational risks, and increase company value [1][2]. - The board of directors is responsible for the establishment and effective implementation of the internal control system, ensuring the accuracy and completeness of related information disclosures [2][3]. Group 2: Internal Audit Structure - The company has established an audit committee under the board of directors, with a majority of independent directors, including at least one accounting professional [2][3]. - An audit department is set up under the audit committee to supervise the implementation of internal control systems and the authenticity of financial information [2][3]. - The audit department must maintain independence and should not be under the leadership of the finance department [2][3]. Group 3: Audit Procedures and Reporting - The audit department is required to submit an annual internal audit work plan and report to the audit committee within specified timeframes [6][7]. - Internal audits should cover all operational aspects of the company, including sales, procurement, inventory management, and financial reporting [6][7]. - Audit reports must be submitted to the appropriate management level of the audited unit, which is required to implement corrective measures within a specified timeframe [7][8]. Group 4: Information Disclosure and Evaluation - The company must disclose the internal control evaluation report and the internal control audit report alongside the annual report [11][12]. - If significant internal control deficiencies are found, the company must disclose specific details in the governance section of the annual report [12][13]. - The audit committee is responsible for providing written evaluations of the effectiveness of internal controls based on the reports submitted by the audit department [10][11].

Meeting Overview - The second meeting of the Supervisory Board of Hefei Jingsong Intelligent Technology Co., Ltd. was held on May 16, 2025, with all three supervisors present, ensuring the meeting's legality and effectiveness [1] Resolutions Passed - The Supervisory Board approved the proposal to use up to RMB 270 million of temporarily idle raised funds and up to RMB 100 million of temporarily idle self-owned funds for cash management, which aims to improve fund utilization efficiency and increase returns [2][3] - The proposal to terminate certain fundraising projects and allocate remaining and unused excess funds to new projects was also approved, deemed a prudent decision aligned with the company's operational needs [2][3] - The resolution to cancel the Supervisory Board and amend the company's articles of association was passed, allowing the Audit Committee of the Board to assume the Supervisory Board's responsibilities [3][4]

Core Points - The legal opinion issued by Tianhe Law Firm confirms the compliance of Hefei Jingsong Intelligent Technology Co., Ltd.'s 2024 annual general meeting with relevant laws and regulations [1][6][7] Group 1: Meeting Procedures - The annual general meeting was convened on May 16, 2025, at 14:30 in the company's conference room, chaired by Chairman Yao Zhijian [2] - The network voting for the meeting was conducted on the same day, with specific times set for participation [2] - The meeting's convening and procedures were found to be in accordance with the Company Law, Securities Law, and the company's articles of association [2][3] Group 2: Attendance and Voting - A total of 28 participants attended the meeting, representing 34,286,839 shares, which is 39.1883% of the total voting shares [2][3] - The meeting included shareholders, their proxies, directors, supervisors, senior management, and Tianhe lawyers, all of whom met the legal qualifications to attend [3][4] - Voting was conducted through both on-site and network methods, with a focus on ensuring the participation of minority shareholders [4][5] Group 3: Voting Results - All proposed resolutions were approved during the meeting, with the voting results indicating strong support from shareholders [4][5] - Specifically, the resolution regarding the annual audit institution received 34,260,967 votes in favor, representing a significant majority [5] - The minority shareholders' voting results showed 99.3613% in favor of the resolutions, indicating a high level of agreement among this group [5]