本法律意见书仅供公司为本次股东会之目的而使用，不得用作任何其他目的。 本所律师同意将本法律意见书作为公司本次股东会的公告材料，随其他需公 告的信息一并向公众披露。本所律师保证本法律意见书中不存在虚假记载、严重 误导性陈述及重大遗漏，否则愿意承担相应的法律责任。 本所律师根据《规则》第六条的要求，按照律师行业公认的业务标准、道德 规范和勤勉尽责精神，对公司提供的文件和有关事实进行了核查和验证，现出具 法律意见如下： 北京观韬律师事务所 关于北京经纬恒润科技股份有限公司 2024年年度股东会的法律意见书 观意字2025BJ001220号 致：北京经纬恒润科技股份有限公司 北京观韬律师事务所（以下简称"本所"）受北京经纬恒润科技股份有限公司 （以下简称"公司"）之委托，指派律师出席公司 2024 年年度股东会（以下简称"本 次股东会"）。本所依据《中华人民共和国公司法》《中华人民共和国证券法》等 相关法律、行政法规、《上市公司股东会规则》（以下简称"《规则》"）以及公 司现行有效的《公司章程》的有关规定，出具本法律意见书。 公告载明了本次股东会的召集人、投票方式、现场会议的时间和地点、网络 投票等召开会议的基本情况 ...

Summary of Key Points Core Viewpoint - The financing balance of the Sci-Tech Innovation Board (STAR Market) has increased, indicating a growing interest in investments within this sector, with notable changes in both financing and securities lending balances [1][2]. Financing Balance - As of May 21, the total financing balance on the STAR Market reached 1527.37 billion yuan, an increase of 2.87 billion yuan from the previous trading day, marking three consecutive days of growth [1]. - The highest financing balance is held by SMIC (中芯国际) at 75.19 billion yuan, followed by Cambrian (寒武纪) and Haiguang Information (海光信息) with balances of 48.34 billion yuan and 32.99 billion yuan, respectively [1]. - A total of 343 stocks saw an increase in financing balance, while 240 stocks experienced a decrease. The stocks with the largest increases in financing balance were Jingwei Hengrun (经纬恒润), Kexing Pharmaceutical (科兴制药), and Guangge Technology (光格科技), with increases of 20.46%, 20.08%, and 19.38% respectively [1][2]. Securities Lending Balance - The total securities lending balance on the STAR Market reached 5.47 billion yuan, with an increase of 891.53 million yuan from the previous trading day [1]. - The highest securities lending balance is held by Haiguang Information at 0.20 billion yuan, followed by SMIC and Cambrian, both at 0.18 billion yuan [2]. - A total of 123 stocks saw an increase in securities lending balance, while 137 stocks experienced a decrease. The stocks with the largest increases in securities lending balance were Ruikeda (瑞可达), Maixinlin (迈信林), and Xidiwei (希荻微), with increases of 313.91%, 273.38%, and 224.07% respectively [2].

证券代码：688326 证券简称：经纬恒润 北京经纬恒润科技股份有限公司 2024 年年度股东会会议资料 2025 年 5 月 北京经纬恒润科技股份有限公司 2024 年年度股东会会议资料 会议资料目录 | 年年度股东会会议须知 2024 | 2 | | --- | --- | | 2024 年年度股东会会议议程 | 4 | | 2024 年年度股东会会议议案 | 7 | | 议案一：关于公司《2024 年年度报告》及其摘要的议案 | 7 | | 议案二：关于公司《2024 年度董事会工作报告》的议案 | 8 | | 议案三：关于公司《2024 年度监事会工作报告》的议案 | 9 | | 议案四：关于公司《2024 年度财务决算报告》的议案 | 10 | | 议案五：关于公司《2025 年度财务预算报告》的议案 | 11 | | 议案六：关于公司未弥补亏损达到股本总额三分之一的议案 | 13 | | 议案七：关于 年年度利润分配方案的议案 2024 | 14 | | 议案八：关于申请 2025 年度综合授信额度及提供担保的议案 | 15 | | 议案九：关于开展外汇衍生品交易业务的议案 | 17 | | 议案 ...

Group 1 - The core viewpoint of the article highlights the recent patent application by Jingwei Hengrun (Tianjin) Research and Development Co., Ltd. for an automotive domain controller and its control method, indicating innovation in automotive technology [1] - The patent, published under CN120016651A, was applied for on March 2025 and involves a voltage conversion module, power network, and control module to manage power supply for different voltage requirements using a single external power source [1] - The automotive domain controller is designed to supply power to two different loads by utilizing both a first voltage and a second voltage, showcasing advancements in energy efficiency and control in automotive applications [1] Group 2 - Jingwei Hengrun (Tianjin) Research and Development Co., Ltd. was established in 2019 and is primarily engaged in research and experimental development, with a registered capital of 700 million RMB [2] - The company has made one external investment, participated in ten bidding projects, and holds a total of 378 patent records, indicating a strong focus on innovation and development [2] - Additionally, the company possesses 50 administrative licenses, reflecting its operational capabilities and compliance within the industry [2]

截至5月16日收盘，汽车热管理概念上涨1.82%，位居概念板块涨幅第10，板块内，102股上涨，铭科精 技、均胜电子、新坐标等涨停，精锻科技、银轮股份、经纬恒润等涨幅居前，分别上涨12.28%、 7.23%、6.42%。跌幅居前的有天龙股份、永茂泰、恒勃股份等，分别下跌2.11%、1.82%、1.18%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | PEEK材料 | 3.40 | 赛马概念 | -1.41 | | 可控核聚变 | 2.76 | 自由贸易港 | -1.12 | | 草甘膦 | 2.72 | 养鸡 | -1.06 | | 华为汽车 | 2.18 | 航运概念 | -1.00 | | 一体化压铸 | 2.15 | 期货概念 | -0.83 | | 小米汽车 | 2.14 | 猪肉 | -0.83 | | 长安汽车概念 | 1.98 | 同花顺中特估100 | -0.71 | | 培育钻石 | 1.93 | 信托概念 | -0.70 | | 有机硅概念 | 1.92 | 粮食概念 | -0.69 ...

Group 1 - The core viewpoint is that the China Securities Regulatory Commission (CSRC) is expediting a comprehensive policy package to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, aiming to enhance the scale and proportion of medium to long-term capital entering the market [1] - The People's Bank of China and four other departments are implementing policies to support technological innovation, encouraging financial institutions to expand first-time financing and equipment renewal loans for tech companies [1] - Guoyuan Securities believes that under high global technological barriers, companies on the Sci-Tech Innovation Board are pursuing independent innovation across various sectors, including chip design, biomedicine, high-end equipment, and new energy, positioning themselves as pioneers in the international value chain [1] Group 2 - As of April 30, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board 100 Index account for 25.04% of the index, with companies like Hengxuan Technology and BeiGene among the leaders [2] - The Sci-Tech 100 ETF fund has shown a positive performance, with notable increases in the stock prices of several constituent companies, indicating a favorable market sentiment [1]

计算机/软件开发 经纬恒润（688326.SH） 业绩短期承压，新客户新项目多点开花 2025 年 05 月 12 日 投资评级：买入（维持） | 日期 | 2025/5/9 | | --- | --- | | 当前股价(元) | 77.63 | | 一年最高最低(元) | 114.88/54.95 | | 总市值(亿元) | 93.13 | | 流通市值(亿元) | 69.90 | | 总股本(亿股) | 1.20 | | 流通股本(亿股) | 0.90 | | 近 3 个月换手率(%) | 95.59 | 股价走势图 数据来源：聚源 -30% 0% 30% 60% 90% 120% 2024-05 2024-09 2025-01 经纬恒润 沪深300 相关研究报告 《Q3 环比亏幅收窄，新客户持续拓展 长期发展可期—中小盘信息更新》 -2024.10.31 《盈利能力小幅承压，全栈式布局下 业绩修复可期—中小盘信息更新》 -2024.8.29 赵旭杨（分析师） 王镇涛（联系人） zhaoxuyang@kysec.cn wangzhentao@kysec.cn 证书编号：S0790124070021 公司发 ...

| 日期 | 2025/5/9 | | --- | --- | | 当前股价(元) | 77.63 | | 一年最高最低(元) | 114.88/54.95 | | 总市值(亿元) | 93.13 | | 流通市值(亿元) | 69.90 | | 总股本(亿股) | 1.20 | | 流通股本(亿股) | 0.90 | | 近 3 个月换手率(%) | 95.59 | 股价走势图 数据来源：聚源 -30% 0% 30% 60% 90% 120% 2024-05 2024-09 2025-01 经纬恒润 沪深300 计算机/软件开发 经纬恒润（688326.SH） 业绩短期承压，新客户新项目多点开花 2025 年 05 月 12 日 投资评级：买入（维持） 相关研究报告 《Q3 环比亏幅收窄，新客户持续拓展 长期发展可期—中小盘信息更新》 -2024.10.31 《盈利能力小幅承压，全栈式布局下 业绩修复可期—中小盘信息更新》 -2024.8.29 赵旭杨（分析师） 王镇涛（联系人） zhaoxuyang@kysec.cn wangzhentao@kysec.cn 证书编号：S0790124070021 公司发 ...

Core Insights - The automotive industry experienced stable revenue growth in Q1 2025, with a year-on-year increase of 6.8%, while total profit decreased by 8.9% to 946.5 billion yuan [11][12] - The report highlights that leading companies in the automotive sector, particularly those with efficient management, have shown better-than-average performance in terms of net profit and operating cash flow [3][8] - The anticipated release of new models and the impact of local consumption promotion policies are expected to support a gradual recovery in automotive company performance in Q2 2025 [3][12] Revenue and Profit Analysis - In 2024, the automotive industry generated a total revenue of 10.65 trillion yuan, reflecting a 5.4% year-on-year growth, while total profit fell by 9.1% to 462.26 billion yuan [11][12] - The Q1 2025 revenue for the automotive industry was 2.40 trillion yuan, with a profit total of 946.5 billion yuan, indicating a continued decline in profitability [11][12] Profitability Comparison - The profitability of passenger vehicle companies showed significant differentiation in Q1 2025, with some companies like BYD and Seres maintaining strong growth, while others like GAC Group and JAC Motors faced challenges [17][18] - In 2024, the overall profit margin for the automotive industry was 12.4%, down 0.9 percentage points year-on-year, and further decreased to 12.1% in Q1 2025 [12][27] Inventory Management - Inventory levels in the automotive sector showed improvement for bus and parts companies, while passenger vehicle companies faced slight increases in turnover pressure [8][12] - By the end of Q1 2025, the inventory of the automotive industry accounted for 20.9% of current assets, a 1.2 percentage point increase year-on-year [8][12] Cash Flow Analysis - The overall cash flow in the automotive industry faced pressure, with the net cash flow from operating activities for the vehicle sector turning negative at -22.19 billion yuan in Q1 2025 [8][12] - The cash flow for parts companies showed a decline, with a total of 123.05 billion yuan in Q1 2025, down 1.4% year-on-year [8][12] Investment Recommendations - The report suggests focusing on leading automotive companies and those involved in the Huawei and Xiaomi supply chains, as well as companies in the humanoid robot and intelligent driving sectors [3][8] - Recommended companies include SAIC Motor, JAC Motors, BYD, Changan Automobile, and several parts manufacturers such as New Spring Co., Silver Wheel Co., and Top Group [3][8]

中信证券股份有限公司 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 （二）保荐代表人 宋永新、刘晓 （三）现场检查人员 刘晓、张昊昕 关于北京经纬恒润科技股份有限公司 2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对北京经纬恒润科技股份有限公司（以下简称"经纬恒润""公司" "上市公司"）进行持续督导工作的保荐人，对 2024 年度（以下简称"本持续督 导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报告如下： （四）现场检查时间 2025 年 4 月 28 日-2025 年 4 月 30 日 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 （六）现场检查手段 1 本次现场 ...