骄成超声 法律意见书 江苏世纪同仁律师事务所关于 上海骄成超声波技术股份有限公司 2024 年第三次临时股东大会的法律意见书 致：上海骄成超声波技术股份有限公司 根据《公司法》《证券法》和中国证监会《上市公司股东大会规则》等法律、 法规和规范性文件以及《公司章程》的规定，本所受贵公司董事会的委托，指派 本所律师出席贵公司 2024 年第三次临时股东大会，并就本次股东大会的召集、 召开程序、出席会议人员资格、召集人资格、表决程序以及表决结果的合法有效 性等事项出具法律意见。 一、关于本次股东大会的召集、召开程序 1、本次股东大会由董事会召集。2024 年 10 月 25 日，贵公司召开第二届董 事会第五次会议，决定于 2024 年 11 月 12 日 14 时 30 分召开 2024 年第三次临时 股东大会。 2024 年 10 月 26 日，贵公司分别在《证券时报》《中国证券报》《证券日报》 《上海证券报》及上海证券交易所网站上刊登了《关于召开 2024 年第三次临时 股东大会的通知》的公告。 2024 年 11 月 5 日，贵公司在上海证券交易所网站刊登了公司 2024 年第三 1 骄成超声 法律意见书 次 ...

上海骄成超声波技术股份有限公司 2024 年第三次临时股东大会会议材料 目 录 证券代码：688392 证券简称：骄成超声 | 2024 | 年第三次临时股东大会会议须知 1 | | --- | --- | | 2024 | 年第三次临时股东大会会议议程 3 | | 2024 | 年第三次临时股东大会会议议案 5 | | | 议案一：关于公司与关联方共同投资设立控股子公司暨关联交易的议案 5 | | | 议案二：关于使用部分超募资金向全资子公司增资暨投资建设新项目的议案 6 | 上海骄成超声波技术股份有限公司 2024 年第三次临时股东大会会议资料 二〇二四年十一月 上海骄成超声波技术股份有限公司 2024 年第三次临时股东大会会议材料 上海骄成超声波技术股份有限公司 2024 年第三次临时股东大会会议材料 上海骄成超声波技术股份有限公司 2024 年第三次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》以 及《上海骄成超声波技术股份有限公司章程》《上海骄成超声波技术股份有限公 司股东大会议事规则》等 ...

Investment Rating - The investment rating for the company is "Accumulate" [4][17]. Core Views - The company has experienced a performance inflection point, with initial success in product switching leading to anticipated growth in performance [2][3]. - The company has faced challenges due to a significant decline in sales revenue from ultrasonic equipment used in power batteries, resulting in a downward revision of EPS forecasts for 2024-2025 [3][11]. - The company is transitioning to ultrasonic equipment for wire harness connectors and semiconductor applications, with expected gradual performance improvement [3][11]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported a net profit attributable to shareholders of 20 million yuan, a year-on-year decline of 73.0% [3]. - The third quarter of 2024 saw a net profit of 15 million yuan, a year-on-year increase of 16.6% and a quarter-on-quarter increase of 261.9% [3]. - Revenue for the third quarter of 2024 reached 165 million yuan, reflecting a year-on-year increase of 52.7% and a quarter-on-quarter increase of 33.77% [3]. Product Development and Market Strategy - The company is actively capturing market opportunities in the high and low voltage wire harness, charging pile, and energy storage sectors, enhancing its market share in ultrasonic equipment for wire harness connectors [3]. - Continuous market expansion efforts are leading to bulk shipments of semiconductor ultrasonic equipment and a recovery in orders for non-metal ultrasonic equipment and accessories [3]. Research and Development - The company maintains a high level of R&D investment, with the R&D expense ratio at 20.9% in the third quarter of 2024, showing a year-on-year decrease of 8.9 percentage points [3]. - The company anticipates improvements in expense ratios as new products are launched and gain traction in the market [3]. Valuation and Price Target - The target price for the company is set at 46.50 yuan, based on a 50 times PE ratio for 2025, reflecting confidence in the company's growth potential [3][11]. - The previous target price was 104.54 yuan, indicating a significant downward adjustment due to current market conditions [4].

Investment Rating - The report maintains a "Buy" rating for the company [1][3] Core Views - The company's Q3 performance met market expectations, with a revenue of 410 million yuan for the first three quarters of 2024, a decrease of 10% year-on-year, and a net profit attributable to shareholders of 20 million yuan, down 73% year-on-year [2] - The share of non-metal welding business has increased, while the share of ear welding business has decreased, with non-metal welding and consumables accounting for approximately 50% of total revenue in Q3 [2] - The company is expanding into new business areas, including high-voltage harnesses and IGBT, which are expected to have higher profit margins and significant growth potential [2][3] Financial Performance Summary - Total revenue for 2024 is projected to be 591.54 million yuan, with a year-on-year growth of 12.63% [1] - The net profit attributable to shareholders is forecasted to be 37.12 million yuan in 2024, reflecting a year-on-year decline of 44.22% [1] - The company's EPS is expected to be 0.32 yuan per share in 2024, with a P/E ratio of 142.36 [1] Revenue and Profit Forecast - The company anticipates a revenue growth of over 10% for the full year, reaching nearly 600 million yuan, with specific revenue contributions from various segments [2] - The overall gross margin is expected to maintain between 50% and 55% for the year [2] Research and Development - The company has continued to invest in R&D, with operating expenses increasing by 21% year-on-year during the first three quarters of 2024 [3] - The operating cash flow has turned negative, indicating challenges in cash generation [3] Market Data - The closing price of the company's stock is 46.03 yuan, with a market capitalization of approximately 5.28 billion yuan [5] - The company has a P/B ratio of 3.18 and a total asset-liability ratio of 19.16% [6]

上海骄成超声波技术股份有限公司 表决结果：2 票同意，0 票反对，0 票弃权。 第二届董事会独立董事专门会议第二次会议决议 独立董事：王少劼、杨晓伟 上海骄成超声波技术股份有限公司（以下简称"公司"）第二届董事会独立 董事专门会议第二次会议于 2024 年 10 月 25 日在公司会议室以通讯方式召开。 本次会议应出席独立董事 2 名，实际出席独立董事 2 名。本次会议由独立董事王 少劼先生主持。本次会议的召集和召开程序符合《上市公司独立董事管理办法》 《上海证券交易所科创板股票上市规则》的相关规定，会议决议合法有效。经与 会独立董事审议，并以投票表决方式通过以下议案： 2024 年 10 月 26 日 1、 审议通过《关于公司与关联方共同投资设立控股子公司暨关联交易的议 案》 经审议，我们认为：本次与关联方共同投资设立控股子公司暨关联交易事项 系基于公司战略规划和业务发展需要，有利于完善公司在半导体领域的业务布局。 公司与关联方骄璞企管、周宏建共同出资可以绑定和激励核心人员，同时降低新 产品开发的投资风险和资金压力，各方均以货币出资，同股同价，定价公允合理， 遵循了公平、公正、自愿、平等互利的原则。本次共同 ...

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、准确性和完整性依法承担法律责任。 上海骄成超声波技术股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日召开第二届董事会第五次会议、第二届监事会第五次会议，审议通过了 《关于 2024 年第三季度计提资产减值准备的议案》，该议案无需提交公司股东 大会审议。现将相关情况公告如下： 上海骄成超声波技术股份有限公司 一、 本次计提资产减值准备情况概述 根据《企业会计准则》及公司会计政策、会计估计的相关规定，为真实、 准确地反映公司截至 2024 年 9 月 30 日的财务状况及经营成果，本着谨慎性原 则，公司对截至 2024 年 9 月 30 日公司及子公司的资产进行了减值测试，对可 能发生资产减值损失的相关资产计提减值准备。2024 年第三季度新增计提各 项减值准备合计为 1,150.00 万元，具体情况如下： 单位：万元 | 项目 | 年第三季度 2024 计提金额 | 备注 | | --- | --- | --- | | 信用减值损失 | 340.36 | 应收票据坏账准备、应收账款坏账准备、 ...

集体业绩说明会的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2024 年 11 月 13 日(星期三)下午 15:00-16:30 会议召开地点："上证路演中心"网站（https://roadshow.sseinfo.com）、微 信公众号"上证路演中心" 会议召开方式：网络在线交流 证券代码：688392 证券简称：骄成超声 公告编号：2024-085 上海骄成超声波技术股份有限公司 关于参加 2024 年上海辖区上市公司三季报 投资者可于 2024 年 10 月 28 日（星期一）至 11 月 12 日(星期二)16:00 前通过公司邮箱 ir@sbt-sh.com 进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 上海骄成超声波技术股份有限公司（以下简称"公司"）已于 2024 年 10 月 26 日发布公司 2024 年第三季度报告，为进一步加强与投资者的沟通交流，公司 将参加"2024 年上海辖区上市公司三季报集体业绩说明会"活动，现将有关事 项公告如下： 一、 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥164,554,645.03, representing a year-on-year increase of 52.73%[2] - The net profit attributable to shareholders for Q3 2024 was ¥15,197,150.90, an increase of 16.55% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥7,693,825.92, up 47.68% year-on-year[2] - Total operating revenue for the first three quarters of 2024 was CNY 408,165,580.05, a decrease of 10.4% compared to CNY 455,406,631.47 in the same period of 2023[15] - The total profit for Q3 2024 is CNY 12,495,443.18, while the total profit for the first three quarters of 2024 is CNY 76,852,120.22[16] - The net profit attributable to shareholders of the parent company for Q3 2024 is CNY 20,448,803.73, compared to CNY 75,832,350.01 for the first three quarters of 2023[16] Research and Development - The total R&D investment for Q3 2024 was ¥34,393,890.99, accounting for 20.90% of operating revenue, a decrease of 8.93 percentage points compared to the same period last year[3] - Research and development expenses rose to CNY 106,061,500.74, an increase of 23.0% compared to CNY 86,191,784.57 in 2023[15] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥2,053,379,319.64, down 5.47% from the end of the previous year[3] - The total assets decreased to CNY 2,053,379,319.64 from CNY 2,172,253,982.23, reflecting a decline of 5.5%[14] - Total liabilities decreased to CNY 393,349,176.88, down 6.6% from CNY 420,917,780.54[14] - The company's equity attributable to shareholders decreased to CNY 1,660,200,110.72 from CNY 1,751,372,101.67, a decline of 5.2%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was reported as not applicable, primarily due to a decrease in operating revenue and increased personnel costs in the semiconductor sector[5] - The cash inflow from operating activities for the first three quarters of 2024 is CNY 304,210,189.28, down from CNY 358,006,972.79 in the same period of 2023[17] - The net cash flow from operating activities for the first three quarters of 2024 is -CNY 84,419,732.30, compared to CNY 4,958,105.26 in the same period of 2023[17] - The cash outflow from investing activities for the first three quarters of 2024 is CNY 268,993,225.95, slightly up from CNY 262,975,433.41 in the same period of 2023[19] - The net cash flow from investing activities for the first three quarters of 2024 is -CNY 264,525,777.89, compared to -CNY 251,079,370.98 in the same period of 2023[19] - The cash inflow from financing activities for the first three quarters of 2024 is CNY 217,074,389.30, compared to CNY 197,727,652.58 in the same period of 2023[19] - The net cash flow from financing activities for the first three quarters of 2024 is -CNY 121,577,388.24, compared to CNY 775,049.53 in the same period of 2023[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,963, with the largest shareholder holding 19.02% of the shares[6] - The company completed a share buyback of 1,150,342 shares, representing 1.0020% of the total share capital, with a total expenditure of RMB 39.99 million[11] - The highest buyback price was RMB 41.20 per share, while the lowest was RMB 28.25 per share[11] - The company plans to use between RMB 20 million and RMB 40 million for future share repurchases to maintain company value and shareholder rights[11] Inventory and Receivables - The company’s inventory decreased to RMB 172.11 million from RMB 226.52 million, a reduction of approximately 24%[12] - Accounts receivable increased to RMB 284.78 million, compared to RMB 194.38 million in the previous period, reflecting a growth of about 46.5%[12] - The company’s total assets include a notable increase in other receivables, which rose to RMB 19.40 million from RMB 1.98 million, a growth of approximately 877%[12] - The company’s contract assets decreased to RMB 14.18 million from RMB 21.76 million, indicating a decline of about 34.8%[12] Profitability Metrics - The basic earnings per share for the year-to-date was ¥0.13, a decrease of 72.73% compared to the previous year[3] - The basic and diluted earnings per share for Q3 2024 are both CNY 0.18, compared to CNY 0.66 for the same period in 2023[16] - The company experienced a decrease in net profit attributable to shareholders for the year-to-date, down 73.03% due to reduced orders in the new energy battery sector and increased expenses[5] Other Income - The company reported a non-recurring gain of ¥7,503,324.98 for Q3 2024, primarily from the disposal of non-current assets and government subsidies[4] - The company reported a net investment income of CNY 25,160,705.47, significantly up from CNY 11,413,374.42 in the previous year[15] - Other income increased to CNY 9,786,105.90 from CNY 2,987,081.07, reflecting a growth of 227.5%[15]

海通证券股份有限公司关于上海骄成超声波技术股份有限公司 使用部分超募资金向全资子公司增资 暨投资建设新项目的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为上海 骄成超声波技术股份有限公司（以下简称"骄成超声"或"公司"）首次公开发 行股票并上市持续督导保荐机构，根据《证券发行上市保荐业务管理办法》《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证 券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引 第 1 号——规范运作》等有关规定，对公司使用部分超募资金向全资子公司增资 暨投资建设新项目的事项进行了核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意上海骄成超声波技术股份有限公司 首次公开发行股票注册的批复》（证监许可[2022]1547 号），公司首次向社会公开 发行人民币普通股(A 股)股票 2,050 万股，每股面值 1.00 元，发行价为每股人民 币 71.18 元。本次公开发行募集资金总额为人民币 1,459,190,000.00 元，扣除与 发行相关的费用人民币 162,827,815.69 ...

关于召开 2024 年第三次临时股东大会的通知 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 股东大会召开日期：2024年11月12日 证券代码：688392 证券简称：骄成超声 公告编号：2024-086 上海骄成超声波技术股份有限公司 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、召开会议的基本情况 （一） 股东大会类型和届次 2024 年第三次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2024 年 11 月 12 日 14 点 30 分 召开地点：公司会议室（上海市闵行区沧源路 1488 号） （五） 网络投票的系统、起止日期和投票时间。 无 二、会议审议事项 本次股东大会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | A 股股东 | | 非累积投票议案 | | ...