Group 1 - The company announced an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual equity distribution, changing from 10.50 CNY per share to 7.37 CNY per share [1] - The equity distribution plan includes a cash dividend of 1.80 CNY per 10 shares (tax included) and a capital reserve increase of 4 shares for every 10 shares held, with no bonus shares issued [1] - The adjustment to the conversion price will take effect on the first trading day after the equity distribution registration date [1] Group 2 - The convertible bonds will be suspended from conversion from June 19, 2025, until the equity distribution registration date, with resumption of conversion on the first trading day after the registration [1] - The company will disclose the relevant announcements regarding the equity distribution and the adjustment of the conversion price on June 20, 2025 [1] - The formula for adjusting the conversion price is provided, ensuring that the new price reflects the cash dividend and the increase in share capital [1]

| 证券代码：688556 | 证券简称：高测股份 | 公告编号：2025-033 | | --- | --- | --- | | 转债代码：118014 | 转债简称：高测转债 | | 青岛高测科技股份有限公司 关于实施 2024 年年度权益分派时可转债转股价格调整 暨转股连续停牌的提示性公告 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、准确性和完整性承担法律责任。 重要内容提示： 证券停复牌情况：适用 因实施权益分派,本公司的相关证券停复牌情况如下：权益分派公告前一交易 日（2025年6月19日）至权益分派股权登记日期间，本公司可转债将停止转股。 二、本次权益分派方案实施时转股连续停牌的安排 （一）公司将于2025年6月20日在《中国证券报》《上海证券报》《证券时报》 和《证券日报》及上海证券交易所网站（www.sse.com.cn）披露相关的权益分派实 施公告和可转债转股价格调整公告。 （二）自2025年6月19日至权益分派股权登记日期间，"高测转债"将停止转 股，股权登记日后的第一个交易日起"高测转债"恢复转股，欲享受权益分派的 "高测转债"持 ...

国信证券股份有限公司 关于 青岛高测科技股份有限公司 向不特定对象发行可转换公司债券 受托管理事务第一次临时报告 （2025 年度） 经中国证监会"证监许可[2022]1239 号"文同意注册，公司于 2022 年 7 月 18 日向不特定对象发行了 483.3 万张可转换公司债券，每张面值 100 元，发行总 额 48,330 万元。 经上海证券交易所自律监管决定书[2022]214 号文同意，公司 48,330 万元可 转换公司债券将于 2022 年 8 月 12 日起在上交所挂牌交易，债券简称"高测转 债"，债券代码"118014"。 二、高测转债的基本情况 1、可转换公司债券简称：高测转债 二〇二五年六月 1 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"管理办法"）、《青岛高 测科技股份有限公司与国信证券股份有限公司签订的青岛高测科技股份有限公 司 2021 年度向不特定对象发行可转换公司债券之受托管理协议》（以下简称"受 托管理协议"）、《青岛高测科技股份有限公司向不特定对象发行可转换公司债券 募集说明书》（以下简称"募集说明书"）等相关公开信息披露文件、第三方中介 机构出具的专业意见 ...

| 证券代码：688556 | 证券简称：高测股份 | 公告编号：2025-032 | | --- | --- | --- | | 转债代码：118014 | 转债简称：高测转债 | | 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、准确性和完整性承担法律责任。 重要内容提示： 青岛高测科技股份有限公司 关于向下修正"高测转债"转股价格暨转股停牌的公 告 证券停复牌情况：适用 因"高测转债"实施转股价格修正条款,本公司的相关证券停复牌情况如下： | | | 一、可转债发行上市概况 （一）青岛高测科技股份有限公司（以下简称"公司"）向不特定对象发行 可转换公司债券事项经中国证券监督管理委员会"证监许可〔2022〕1239号"文同意 注册，公司于2022年7月18日向不特定对象发行了483.3万张可转换公司债券，每张 面值100元，发行总额48,330.00万元，期限为自发行之日起六年，即自2022年7月 18日至2028年7月17日。 （二）经上海证券交易所自律监管决定书〔2022〕214号文同意，公司48,330.00 调整前转股价格：35.66 元/股 ...

北京德和衡律师事务所 关于青岛高测科技股份有限公司 2024年年度股东大会的 法律意见书 德和衡证见意见（2025）第142号 中国·北京市朝阳区建国门外大街 2 号银泰中心 C 座 11、12 层 电话： (+86 10) 8540 7666 邮编：100022 www.deheheng.com 北京德和衡律师事务所 关于青岛高测科技股份有限公司 2024年年度股东大会的 法律意见书 德和衡证见意见（2025）第142号 致：青岛高测科技股份有限公司 北京德和衡律师事务所（以下简称"本所"）接受青岛高测科技股份有限公司（以下简称 "公司"或"贵公司"）的委托，指派本所律师出席贵公司 2024 年年度股东大会。本所律师 依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《青 岛高测科技股份有限公司章程》（以下简称"《公司章程》"）及相关法律法规以及规范性文 件的规定，就本次股东大会的有关事宜出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、会议召集人和出席会议人员的资格、 会议表决 ...

重要内容提示： 本次会议是否有被否决议案：无 | 证券代码：688556 | 证券简称：高测股份 | 公告编号：2025-031 | | --- | --- | --- | | 转债代码：118014 | 转债简称：高测转债 | | 青岛高测科技股份有限公司 2024年年度股东大会决议公告 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。 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 06 月 09 日 （二） 股东大会召开的地点：山东省青岛市高新区崇盛路 66 号高测股份 A 栋培 训教室 （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 | 208 | | --- | --- | | 普通股股东人数 | 208 | | 2、出席会议的股东所持有的表决权数量 | 183,974,723 | | 普通股股东所持有表决权数量 | 183,974,723 | | 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 | 33 ...

| 证券代码：688556 | 证券简称：高测股份 | | --- | --- | | 转债代码：118014 | 转债简称：高测转债 | 青岛高测科技股份有限公司 2024 年年度股东大会会议资料 2025 年 6 月 1 / 41 青岛高测科技股份有限公司 2024 年年度股东大会会议资料 青岛高测科技股份有限公司 2024 年年度股东大会会议资料目录 青岛高测科技股份有限公司 2024 年年度股东大会会议资料 | 2024 | 年年度股东大会会议须知 | 3 | | --- | --- | --- | | 2024 | 年年度股东大会会议议程 | 5 | | 2024 | 年年度股东大会会议议案 | 7 | | 议案 | 1：《关于公司 2024 年年度报告及摘要的议案》 | 8 | | 议案 | 2：《关于公司 年年度财务决算报告的议案》 2024 | 9 | | 议案 | 3：《关于公司 2024 年年度利润分配及资本公积转增股本方案的议案》.. | 10 | | 议案 | 4：《关于公司 年度董事会工作报告的议案》 2024 | 11 | | 议案 | 5：《关于公司 2024 年度监事会工作报告 ...

Core Viewpoint - The company, Qingdao High-tech Technology Co., Ltd. (referred to as "High-tech Co."), is facing significant financial challenges due to the downturn in the photovoltaic industry, leading to losses in 2024 and the first quarter of 2025. The founder, Zhang Xu, announced plans to diversify into the screw grinding equipment sector to explore new business opportunities [1][3]. Financial Performance - High-tech Co. experienced a net profit of 1.461 billion yuan in 2023, but the company has since entered a deep adjustment phase in the photovoltaic industry, resulting in a substantial decline in performance. By the fourth quarter of 2024, the company reported a single-quarter loss that wiped out profits from the first three quarters, leading to an annual loss and a net cash flow from operating activities dropping to -1.261 billion yuan [3]. - As of the end of 2024, accounts receivable aged 1-2 years surged 13 times to 886 million yuan, with bad debt provisions reaching 261 million yuan [3]. Industry Context - The photovoltaic industry is currently experiencing a severe downturn, exacerbated by oversupply in the silicon wafer segment, which has caused prices to plummet. High-tech Co.'s market value has decreased from over 23 billion yuan at its peak in 2022 to less than 6 billion yuan [3]. - The company has previously navigated industry challenges, such as the 2018 "531 photovoltaic policy," which temporarily led to losses. However, it managed to recover due to increased demand and product orders [3]. Strategic Shift - High-tech Co. is now focusing on the development of precision grinding technology for humanoid robots, aiming to enhance its research and development capabilities in this area. The company plans to develop screw grinding products that meet international standards, hoping to support domestic replacements in the industry [3]. - The market for screw grinding equipment is projected to reach 50 billion yuan over the next five years, indicating a significant opportunity for High-tech Co. in this new sector [3]. Industry Response - The challenges faced by High-tech Co. reflect broader pressures on photovoltaic equipment manufacturers. To alleviate accounts receivable pressure, the company has recently engaged in a debt-to-equity swap worth 100 million yuan with Runyang Co. This strategy has been adopted by other peers in the industry as well [4]. - The shift towards new business avenues is becoming a common consensus among industry players, with High-tech Co. aiming to replicate its previous successful transitions from tire testing to photovoltaic cutting and now to robot grinding [4].

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company's performance is expected to face short-term pressure in 2024 due to declining prices across the photovoltaic industry chain and increased impairment provisions, leading to a projected revenue of 4.474 billion yuan, a year-on-year decrease of 27.65% [2] - The company is strategically entering the humanoid robot sector by developing core equipment for screw grinding and flexible tendon ropes, which are essential for the commercialization of humanoid robots [3][4] - Despite short-term challenges, the company's proactive investments in the planetary roller screw grinding and flexible tendon rope sectors are anticipated to yield positive results as humanoid robot production ramps up [5] Summary by Sections Financial Forecasts and Valuation - The company is projected to generate total revenue of 4.474 billion yuan in 2024, with a significant decline in net profit to -44 million yuan, reflecting a year-on-year drop of 103.03% [2] - The earnings per share (EPS) is expected to be -0.08 yuan in 2024, with a gradual recovery to 0.44 yuan by 2027 [5] - The price-to-earnings (P/E) ratio is forecasted to be 109 for 2025, 45 for 2026, and 24 for 2027, indicating a potential recovery in profitability [5] Business Development - The company is leveraging its expertise in tungsten wire to innovate in the field of flexible tendon ropes for humanoid robots, which are crucial for their dexterity and interaction with the real world [4] - The development of screw grinding technology is positioned to meet the growing demand for planetary roller screws as humanoid robots enter mass production [3]

Group 1 - The transaction by Gaoce Co., Ltd. aims to resolve customer debt issues, accelerate cash recovery, reduce bad debt risks, and optimize the financial structure while enhancing cooperation with clients [2] - Runyang Co., Ltd. operates in the solar energy sector, including sales and technical services of solar cells and components, photovoltaic materials, and equipment [2] - Runyang's performance faced pressure due to the photovoltaic industry's environment, with 2023 revenue at 26.313 billion and net profit at 2.662 billion, but a significant decline is expected in 2024 with revenue dropping to 13.604 billion and a net loss of 0.889 billion [2] Group 2 - Runyang's financial situation shows concerning debt levels, with total assets of 36.42 billion and total liabilities of 28.996 billion as of December 31, 2024 [2] - Gaoce Co., Ltd. has signed a "consensus action agreement" with Jiangsu Yueda Group, becoming a concerted action party regarding Runyang [3] - The investment by Gaoce in Runyang includes a performance guarantee agreement, stipulating compensation if Runyang fails to complete an IPO or merge with an A-share listed company within a specified timeframe [4]