北京市金杜（深圳）律师事务所 关于海南金盘智能科技股份有限公司 2021 年限制性股票激励计划首次授予部分第三个归属期归属条件成就 及部分限制性股票作废相关事项的 法律意见书 致：海南金盘智能科技股份有限公司 北京市金杜（深圳）律师事务所（以下简称"本所"或"金杜"）受海南金盘 智能科技股份有限公司（以下简称"金盘科技"或"公司"）委托，作为公司 2021 年限制性股票激励计划（以下简称"本计划""本激励计划"或"本次激励计划"） 的专项法律顾问，根据《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》）、中国证券监督管理委员会（以下简称"中 国证监会"）《上市公司股权激励管理办法（2018 修正）》《上市公司股权激励管理 办法（2025 修正）》1（以下合称《管理办法》）、《上海证券交易所科创板股票上市 规则（2024 年 4 月修订）》《科创板上市公司自律监管指南第 4 号--股权激励信息 披露（2023 年 8 月修订）》等法律、行政法规、部门规章及其他规范性文件和《海 南金盘智能科技股份有限公司章程》（以下简称《公司章程》）的有关规定，以及公 司为本计划制定的 ...

海南金盘智能科技股份有限公司独立董事 一、《关于 2021 年限制性股票激励计划首次授予部分第三个归属期符合归属条 件的议案》的独立意见 独立董事认为： 根据公司《2021 年限制性股票激励计划（草案）》和《2021 年限制性股票 激励计划实施考核管理办法》的相关规定，激励计划首次授予部分第三个归属期 的归属条件已经成就。本次符合归属条件的 205 名激励对象的归属资格合法有效， 可归属的限制性股票数量为 193.028 万股。本次归属安排和审议程序符合《公司 法》《证券法》《管理办法》等相关规定，不存在侵犯公司及全体股东利益的情 况。综上，我们同意公司在归属期内实施限制性股票的归属登记，为符合归属条 件的激励对象办理第三个归属期的相关归属手续。 三、《关于作废部分已授予尚未归属的 2021 年限制性股票的议案》的独立意见 关于第三届董事会第二十一次会议相关事项的独立意见 独立董事认为： 本次部分限制性股票的作废处理符合《上海证券交易所科创板股票上市规则》 《上市公司股权激励管理办法》以及《公司 2021 年限制性股票激励计划（草案）》 中的相关规定，所作的决定履行了必要的程序。综上，我们同意公司作废处理部 ...

浙商证券股份有限公司 关于海南金盘智能科技股份有限公司 2024 年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》等有关法律、法规的规定，浙商证券股份有限公司（以下简称"浙商证券" 或"保荐机构"）作为海南金盘智能科技股份有限公司（以下简称"金盘科技" 或"公司"）持续督导工作的保荐机构，负责金盘科技的持续督导工作，并出具 本持续督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具体的 持续督导工作制定相应的工作计划 | 保荐机构已建立健全并有效 | | | | 执行了持续督导制度，并制定 | | | | 了相应的工作计划 | | | 根据中国证监会相关规定，在持续督导工作开始前，与 上市公司或相关当事人签署持续督导协议，明确双方在 | 保荐机构已与金盘科技签订 | | 2 | | 《保荐协议》，已明确双方在 | | | | 持续督导期间的权利和义务， | | | 持续督导期间的权利义务，并报上海证券交易所备案 | 并已报上海证券交易所 ...

浙商证券股份有限公司 关于海南金盘智能科技股份有限公司 首次公开发行股票并在科创板上市及向不特定对象发行可 转换公司债券之保荐总结报告书 浙商证券股份有限公司（以下称"浙商证券"或"保荐机构"）作为海南金 盘智能科技股份有限公司（以下简称"金盘科技"、"公司"、"发行人"）首次公 开发行股票并在科创板上市及向不特定对象发行可转换公司债券的保荐机构，持 续督导期限截至 2024 年 12 月 31 日。目前，持续督导期已经届满，浙商证券根 据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 等有关法律法规规定，出具本保荐总结报告书。 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证监会对保荐总结报告书相关事项进行的任 何质询和调查。 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐机构基本情况 1、保荐机构名称：浙商证券股份有限公司 2、注册地址：浙江省杭州市江干区五星路 ...

证券代码：688676 证券简称：金盘科技 公告编号：2025-023 关于回购股份事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 海南金盘智能科技股份有限公司（以下简称"公司"）于2025年4月9日召开 第三届董事会第二十次会议，审议通过了《关于以集中竞价交易方式回购公司股 份的方案的议案》，具体内容详见公司于2025年4月10日在上海证券交易所网站 （www.sse.com.cn）披露的《海南金盘智能科技股份有限公司关于以集中竞价方 式回购股份的回购报告书》（公告编号：2025-021）。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7号——回购股份》等相关规定，现将公司第三届董事会第二十次会议决议公告 的前一交易日（即2025年4月9日）登记在册的公司前十大股东和前十大无限售条 件股东的名称、持股数量和持股比例情况公告如下： 海南金盘智能科技股份有限公司 | 8 | 中国工商银行股份有限公司－前海开源 | 4,553,145 | 1.00 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company [3]. Core Insights - The company is expected to achieve revenues of 6.901 billion RMB and a net profit of 574 million RMB in 2024, reflecting a year-on-year growth of 3.50% and 13.82% respectively [1][7]. - The company has significantly increased its overseas contributions, with foreign sales revenue reaching 1.98 billion RMB, a substantial increase of 68.26% [6][7]. - The company is actively expanding its presence in the data center transformer market, benefiting from the aIDC trend, with new orders increasing by 604% [18][19]. Financial Performance Summary - For 2024, the company is projected to have total revenue of 6.901 billion RMB, with a gross profit margin of 24.32%, an increase of 1.51 percentage points year-on-year [8][28]. - The company’s net profit margin improved to 8.3%, up by 0.8 percentage points [7][9]. - The company’s debt ratio decreased to 53.8%, down by 7.6 percentage points, primarily due to the conversion of convertible bonds [6][7]. Business Development - The company has added 890 new customers and achieved a sales order growth of 13.63%, with foreign orders making up 37% of total sales [12][13]. - The company has completed the expansion of its factory in Mexico and is preparing to build a factory in the United States, indicating a strong commitment to international growth [13][17]. - The company is also focusing on new business areas such as energy storage and digital transformation, with energy storage revenue expected to reach 520 million RMB in 2024, a growth of 26.34% [19].

Core Viewpoint - The article highlights the steady growth of Jinpan Technology, a high-tech enterprise in Hainan Free Trade Port, leveraging various policy benefits to enhance its global presence and drive innovation in renewable energy and smart manufacturing [1][2][4]. Group 1: Company Performance - In 2024, Jinpan Technology achieved a revenue of 6.901 billion yuan, representing a year-on-year growth of 3.5% [1]. - The company's overseas sales revenue reached 1.981 billion yuan, marking a significant increase of 68.26% [2]. - The digital solutions segment generated 123 million yuan in revenue, reflecting a growth of 74.04%, while data center orders surged by 603.68% [3]. Group 2: Policy Impact - The "Double 15%" tax incentive has played a crucial role in attracting high-end talent and stabilizing the team [2]. - The implementation of the EF account system has improved capital efficiency, reduced financing costs, and facilitated rapid loan approvals [2]. - The "59-country visa exemption" policy has enhanced international client engagement and attracted global talent [2]. Group 3: Strategic Initiatives - Jinpan Technology is focusing on digitalization, intelligence, and low-carbon practices to contribute to the construction of a digital island in Hainan [3][4]. - The company has established seven digital factories, creating a new manufacturing system driven by data and software [3]. - Jinpan Technology is actively involved in energy storage projects, providing solutions that support the stability of Hainan's power grid and the integration of clean energy [3]. Group 4: Future Outlook - The company anticipates that the closure of the Hainan Free Trade Port will lead to more direct shipping routes and reduced logistics costs, enhancing its ability to expand into international markets [5]. - Jinpan Technology aims to leverage policy advantages to optimize supply chain layouts and attract high-end talent, thereby strengthening its R&D capabilities and driving high-quality growth [5].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the market benchmark within the next six months [5][18]. Core Views - The company is expected to achieve a revenue of 6.901 billion in 2024, reflecting a year-on-year growth of 3%, and a net profit attributable to shareholders of 574 million, representing a 14% increase [3][5]. - The report highlights significant growth in overseas orders, with foreign sales projected to reach 1.98 billion, a year-on-year increase of 68%, while domestic sales are expected to decline by 11% due to pressures in the renewable energy sector [4]. - The company is actively expanding its global production capacity and enhancing its AIDC modular product competitiveness, with a notable increase in orders for data center solutions [4][5]. Financial Performance Summary - In Q4 2024, the company reported a revenue of 2.102 billion, a year-on-year increase of 11%, and a net profit of 171 million, remaining stable compared to the previous quarter [3]. - The gross profit margin for 2024 is projected to be 24.3%, an increase of 1.5 percentage points year-on-year, while the net profit margin is expected to be 8.3%, up by 0.7 percentage points [3]. - The overall sales order for the group in 2024 is anticipated to be 8.9 billion, a year-on-year increase of 13.63%, with a backlog of 6.5 billion at the end of 2024, up 35% year-on-year [4]. Earnings Forecast - The company’s net profit is forecasted to reach 740 million in 2025, 1.07 billion in 2026, and 1.51 billion in 2027, with corresponding P/E ratios of 20, 14, and 10 times [5][7].

二、 首次实施股份回购的基本情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，现将公司首次回购股份的具体情况公告如下： 证券代码：688676 证券简称：金盘科技 公告编号：2025-022 海南金盘智能科技股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/4/10 | | | | | | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 4 月 日~2026 年 月 | 9 | 4 | 8 | 日 | | 预计回购金额 | 万元~5,000 万元 3,000 | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | | | | | 累计已回购股数 | 万股 11.80 | | | | | ...

Core Viewpoint - The company reported a revenue of 6.901 billion yuan for 2024, reflecting a year-on-year growth of 3.50%, and a net profit attributable to shareholders of 574 million yuan, up 13.82% year-on-year [3]. Group 1: Sales Performance - Domestic sales revenue reached 4.862 billion yuan, a decrease of 10.78% year-on-year, primarily due to oversupply in the polysilicon sector affecting the new energy segment [4]. - International sales revenue was 1.981 billion yuan, showing a significant increase of 68.26% year-on-year, driven by surging global AI electricity demand and the aging of power grid infrastructure in Europe and the U.S. [4]. - The company secured new foreign orders worth 3.324 billion yuan, marking a year-on-year increase of 66.92%, ensuring future revenue growth [4]. Group 2: AI and Data Center Opportunities - The company’s transformer products are well-suited for data center requirements, with extensive project experience across major internet companies [5]. - Sales revenue from the new infrastructure sector grew by 167.43% in 2024, with over 140 data center orders signed, resulting in a staggering year-on-year increase of 603.68% in order value [5]. Group 3: Energy Storage and Digitalization - In the energy storage sector, the company launched a full range of products for various applications, achieving revenue of 523 million yuan, up 26.34% year-on-year [6]. - The digitalization business, which includes solutions for various transformer types, generated revenue of 123 million yuan, reflecting a growth of 74.04% year-on-year [6].