Company Overview - Shenzhen Sine Electric Co., Ltd. was established in April 2003, specializing in the research, production, and sales of motor drive and control system products in the industrial automation sector [1] - The company is one of the earliest in China to engage in the research and production of frequency converters [1] New Energy Products - The company's new energy products focus on user-side energy storage and power supply, primarily applied in energy storage stations, low-voltage DC remote supply, and engineering machinery [2] Future Product Planning - Future product development will continue to focus on the industrial automation sector, with plans for product roadmap and development based on segmented industries [2] - Key products include frequency converters, servo systems, and integrated special machines, with ongoing technical upgrades and product iterations [2] Pricing Policy - Product pricing is dynamically adjusted based on raw material costs, market competition, and sales strategies [2] Industry Technical Barriers - The main products, frequency converters and servo systems, are high-tech products with significant added value, requiring continuous investment in core technology development across multiple disciplines [2] - The industrial automation sector's technical barriers include mastery of core technologies, sustained R&D investment, and the ability to provide systematic solutions [2] Construction Machinery Industry - The construction machinery industry is a crucial support for construction engineering, currently facing low market demand due to macroeconomic conditions and policy adjustments [2] - Future recovery is anticipated as global economic conditions improve and equipment upgrade demands are released [2] Overseas Market Growth - In Q1 2024, the company experienced growth in overseas sales revenue, attributed to improved overseas sales and promotion teams and increased R&D investment in customized products for overseas clients [3] - The overseas market is primarily distributed in Southeast Asia, India, the Middle East, Africa, and the CIS, with overall sales scale being relatively small [3] R&D Talent Development - The company has established effective R&D management and talent development systems, focusing on customer needs and project-centered development of new technologies and products [3] - The project development process includes talent cultivation and team building, with mechanisms for incentivizing and constraining R&D personnel [3]

Group 1: Company Strategy and Development - The company aims to focus on customer needs and satisfaction, continuing to develop its business in industrial automation and renewable energy sectors [1] - Continuous technological upgrades and product iterations for frequency converters, servo systems, and integrated special machines are planned to meet the demands of niche industries [1] - Increased investment in R&D for motion controllers and PLC products to enhance industry application and overall solution capabilities [1] Group 2: New Facilities and Expansion - The company has purchased a property in Shenzhen with a building area not exceeding 2,800 square meters to address space development needs [2] - The new facility will support the construction of a research and development center, equipment procurement, laboratory upgrades, and recruitment of R&D personnel [2] - Plans to establish offices in economically developed cities to enhance customer service and technical support [2] Group 3: Workforce Planning - The company will increase recruitment efforts for core talents in sales, marketing, and quality teams to meet future business expansion needs [2] - Recruitment strategies will focus on professional capabilities through social recruitment and growth potential through campus recruitment [2] Group 4: Sales Strategy and Performance - The sales team has adopted an industry-project-channel model to leverage company strengths and expand into new niche markets [2] - The company has seen growth in overseas sales revenue in Q1 2024, driven by improved overseas sales teams and increased R&D for customized products [2] - Current overseas markets include Southeast Asia, India, the Middle East, Africa, and the CIS, with sales primarily through trade shows and local team establishment [2] Group 5: Dividend Policy - Since its listing in 2021, the company has implemented cash dividends totaling 24.45%, 30.08%, 30.03%, and 33.64% of net profit for the years 2020 to 2023 [3] - Future dividend plans will consider production operations, cash flow, and funding needs while ensuring long-term healthy development [3]

Company Overview - Established in April 2003, Sine Electric is a high-tech enterprise specializing in the research, production, and sales of motor drive and control systems in the industrial automation sector [1] - The company is one of the earliest in China to engage in the research and production of frequency converters [1] Main Products and Industries - Main products include general frequency converters, integrated special machines, and servo systems [1] - Key downstream industries served are: - Hoisting machinery - Logistics equipment - Petrochemical - Wire and cable - Plastic machinery - Textile machinery - Woodworking machinery - Air compressors - CNC machine tools - Printing machinery - Packaging machinery - Metal rolling - Building materials - Ceramic equipment - Fans and pumps [1] Product Development and R&D Management - Frequency converters and servo products are optimized and iterated according to project plans, focusing on functionality, performance, appearance, and cost-effectiveness [2] - The company employs a matrix management model for R&D, with teams in Shenzhen and Wuhan focusing on different aspects of product development [2] - The R&D team consists of professionals in automation, electrical technology, power electronics, mechatronics, and electronic information engineering [2] Cost Management and Pricing Strategy - Raw material prices have remained stable, with minor fluctuations in some materials; the company has implemented strategies to mitigate cost impacts [2] - Product pricing will be dynamically adjusted based on raw material costs, market competition, and sales strategies [2] Overseas Business Expansion - The company has made progress in emerging markets such as Southeast Asia, South Asia, the Middle East, Africa, and the CIS, with some cooperation and intent to cooperate [3] - The overseas sales department plans to increase investment in talent, products, and channels to expand its sales network [3] Sales Model - The sales strategy combines both distribution and direct sales, depending on customer types [3] Energy Storage Business Development - Current focus in the energy storage sector is on microgrid storage and engineering machinery, with plans to develop user-side storage solutions and related products [3]

Company Overview - Established in April 2003, Shenzhen Sine Electric Co., Ltd. specializes in the research, production, and sales of motor drive and control system products in the industrial automation sector, being one of the earliest companies in China to develop and produce frequency converters [1] - The company provides frequency converters, integrated special machines, servo system products, and new energy system solutions primarily to machinery manufacturers and electric control system integrators [1] Financial Performance - The gross profit margin for Q1 2024 was 34.66%, an increase of 4.83 percentage points year-on-year [2] Raw Material Impact - Overall raw material prices have remained stable, with only minor fluctuations in some materials. The company has implemented strategies such as optimizing product structure and processes, promoting cost reduction and efficiency, and establishing strategic partnerships with suppliers to mitigate potential impacts on production costs [1] Overseas Market Development - In Q1 2024, overseas sales revenue increased due to enhanced overseas sales and promotion teams and increased R&D investment in customized products for overseas clients. The primary markets include Southeast Asia, India, the Middle East, Africa, and the CIS, although the overall sales scale remains small [2] Energy Storage Products - The company's energy storage products are mainly focused on microgrid storage and engineering machinery, with some applications requiring integrated solar storage solutions [2] New Industry Focus - The company is actively expanding into emerging industries, particularly in the photovoltaic, lithium battery, and new energy sectors, which are still in the development phase [2]

证券代码：688395 证券简称：正弦电气 公告编号：2024-021 深圳市正弦电气股份有限公司 2024 年第一次临时股东大会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 （一） 股东大会召开的时间：2024 年 5 月 29 日 （二） 股东大会召开的地点：深圳市宝安区沙井街道沙二社区安托山高科技工 业园 7 号厂房五层会议室 | 1、出席会议的股东和代理人人数 | 12 | | --- | --- | | 普通股股东人数 | 12 | | 2、出席会议的股东所持有的表决权数量 | 55,731,536 | | 普通股股东所持有表决权数量 | 55,731,536 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 64.8041 | | 例（%） | | ...

广东信达律师事务所 股东大会法律意见书 中国深圳福田区益田路 6001 号太平金融大厦 11、12 层 邮政编码：518038 11、12/F.TaiPing Finance Tower, 6001 Yitian Road, Futian District, SHENZHEN, CHINA 电话(Tel.)：（86 755）88265288 传真（Fax.)：（86 755）88265537 电子邮件（Email）：info@sundiallawfirm.com 网址（Website）：www.sundiallawfirm.com 广东信达律师事务所 关于深圳市正弦电气股份有限公司 2024年第一次临时股东大会的 法律意见书 广东信达律师事务所（以下简称"信达"）接受深圳市正弦电气股份有限公 司（以下简称"贵公司"或"公司"）委托，指派信达律师出席公司2024年第一 次临时股东大会（以下简称"本次股东大会"），对本次股东大会的合法性进行 见证，并出具本《广东信达律师事务所关于深圳市正弦电气股份有限公司2024 年第一次临时股东大会的法律意见书》（下称"《股东大会法律意见书》"）。 本《股东大会法律意见书》系根 ...

Group 1: Overseas Market Expansion - In 2024, the company plans to increase investment in overseas market development, focusing on key markets and channel customers to promote high-quality growth in overseas business [1] - Current overseas market distribution includes Southeast Asia, India, the Middle East, Africa, and the CIS [1] Group 2: Profit Margin Analysis - In 2023, the gross margin for general frequency converters was 39.37%, an increase of 5.57% from the previous year [1] - The gross margin for integrated special machines was 33.56%, up by 5.89% [1] - The gross margin for servo systems was 22.52%, an increase of 4.27% [1] - The improvements in gross margins are attributed to technological innovation, increased R&D investment, and cost control measures [1] Group 3: Product Pricing Trends - In 2023, the average price of the company's products showed a slight decline due to decreased sales of higher-priced integrated special machines and an increase in the proportion of low-power products [2] - Product pricing is dynamically adjusted based on raw material costs, market competition, and sales strategies [2] Group 4: New Industry Development - The company is actively expanding into emerging industries such as photovoltaics, lithium batteries, and the new energy sector [2] - In 2024, the company will focus on key planned industries and promote business through project-based approaches [2] Group 5: New Product Sales and Future Planning - Current sales of new products, including motion controllers and PLCs, are in the active promotion stage [2] - In 2024, the company will focus on continuous technological upgrades and product iterations in the industrial automation field, particularly for frequency converters, servo systems, and integrated special machines [2] - The company aims to enhance product variety and application scenarios in the energy storage solutions and key components for the new energy sector [2]

Revenue Performance - In 2023, the general frequency converter achieved revenue of ¥195,274,034.44, an increase of 2.70% compared to the previous year [1] - Integrated special machines generated revenue of ¥45,539,676.82, a decrease of 29.78% year-on-year [1] - Servo systems reported revenue of ¥127,388,098.40, an increase of 48.33% year-on-year, attributed to significant growth in logistics industry orders and improved sales management [1] Gross Margin Analysis - The gross margin for general frequency converters in 2023 was 39.37%, an increase of 5.57% from the previous year [2] - Integrated special machines had a gross margin of 33.56%, up by 5.89% [2] - Servo systems reported a gross margin of 22.52%, an increase of 4.27% [2] - The overall gross margin is expected to remain stable in 2024 [2] R&D Investment - R&D expenses increased by nearly 30% in 2023, with plans for continued growth in 2024 to support the development of motion controllers, PLCs, and new energy products [2] Pricing Trends - Average product prices showed a slight decline in 2023 due to reduced sales of high-priced integrated special machines and an increase in low-power product sales [2] New Energy Business Outlook - The new energy sector is currently in the stages of technical communication and solution validation, with expected significant revenue growth in 2024 compared to 2023 [2] - Future plans include focusing on user-side energy storage solutions and related products [2] Overseas Market Expansion - The company has expanded its overseas sales team and established an independent overseas sales department, resulting in revenue growth in regions such as Southeast Asia, India, and the Middle East [3] - Future plans include diversifying export products beyond frequency converters to include servo systems and integrated special machines [3]

广东信达律师事务所 股东大会法律意见书 中国深圳福田区益田路 6001 号太平金融大厦 11、12 层 邮政编码：518038 11、12/F.TaiPing Finance Tower, 6001 Yitian Road, Futian District, SHENZHEN, CHINA 电话(Tel.)：（86 755）88265288 传真（Fax.)：（86 755）88265537 电子邮件（Email）：info@sundiallawfirm.com 网址（Website）：www.sundiallawfirm.com 广东信达律师事务所 关于深圳市正弦电气股份有限公司 2023年年度股东大会的 法律意见书 信达科会字(2024)第 018 号 致：深圳市正弦电气股份有限公司 广东信达律师事务所（以下简称"信达"）接受深圳市正弦电气股份有限公 司（以下简称"贵公司"或"公司"）委托，指派信达律师出席公司2023年年度 股东大会（以下简称"本次股东大会"），对本次股东大会的合法性进行见证， 并出具本《广东信达律师事务所关于深圳市正弦电气股份有限公司2023年年度股 东大会的法律意见书》（下称"《股东 ...

证券代码：688395 证券简称：正弦电气 公告编号：2024-019 深圳市正弦电气股份有限公司 2023 年年度股东大会决议公告 （二） 股东大会召开的地点：深圳市宝安区沙井街道沙二社区安托山高科技工 业园 7 号厂房五层会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 13 | | --- | --- | | 普通股股东人数 | 13 | | 2、出席会议的股东所持有的表决权数量 | 49,574,461 | | 普通股股东所持有表决权数量 | 49,574,461 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 57.6447 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 57.6447 | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会采用现场投票和网络投票相结合的方式召开，会议由董事长涂 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 ...