北京中伦（成都）律师事务所 关于四川浩物机电股份有限公司 二〇二五年第三次临时股东会的 法律意见书 二〇二五年十一月 本所律师在会议召开前和召开过程中，审查了有关本次股东会的全部材料，并对出 席本次会议人员及会议召集人的资格、本次会议的召集、召开程序等重要事项的合法性 进行了核验，在此基础上，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》《律师事务所从事证券法律业务管理办法》等相关法律、法规 及《四川浩物机电股份有限公司章程》（以下简称"《公司章程》"）的相关要求，按 照律师行业公认的业务标准、道德规范和勤勉尽责精神，发表法律意见如下： 一、本次会议的召集、召开程序 1.2025年10月27日，公司召开十届九次董事会会议，并于2025年10月28日在深圳证 券交易所（以下简称"深交所"）网站、《中国证券报》《上海证券报》《证券时报》 《证券日报》及巨潮资讯网（www.cninfo.com.cn）上披露了《四川浩物机电股份有限 公司十届九次董事会会议决议公告》。该次董事会会议审议通过了《二〇二五年第三季 度报告》《关于使用公积金弥补亏损的议案》《关于提议召开二〇二五年第三次临时 ...

Core Viewpoint - The automotive service sector experienced a slight decline of 0.29% on November 12, with Altr leading the drop. The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1]. Group 1: Stock Performance - Xiamen Xinda (000701) closed at 6.45, up 1.90% with a trading volume of 428,900 shares and a transaction value of 276 million yuan [1]. - Dezhong Automobile (920030) closed at 7.50, up 1.63% with a trading volume of 46,100 shares and a transaction value of 34.48 million yuan [1]. - China Automotive Research (601965) closed at 17.22, up 0.17% with a trading volume of 23,700 shares and a transaction value of 40.88 million yuan [1]. - Altr (300825) closed at 10.71, down 2.72% with a trading volume of 131,500 shares and a transaction value of 141 million yuan [2]. Group 2: Capital Flow - The automotive service sector saw a net outflow of 35.19 million yuan from institutional investors, while retail investors contributed a net inflow of 23.56 million yuan [2]. - Major stocks like Jiao Yun Co. (600676) had a net inflow of 8.88 million yuan from institutional investors, while Altr (300825) experienced a net outflow of 9.39 million yuan [3]. - Shanghai Wumao (600822) faced the largest net outflow of 16.45 million yuan from institutional investors, indicating a significant shift in capital dynamics within the sector [3].

Market Overview - The automotive service sector increased by 0.36% on November 10, with Xiamen Xinda leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Xiamen Xinda (000701) closed at 6.29, up 2.78% with a trading volume of 316,100 shares and a turnover of 196 million yuan [1] - Shinhua Holdings (600653) closed at 2.13, up 1.43% with a trading volume of 376,100 shares [1] - Other notable performers include: - Zhongqi Co., Ltd. (301215) at 6.81, up 1.19% [1] - Beiba Media (600386) at 5.00, up 0.81% [1] - Guoji Automobile (600335) at 6.47, up 0.78% [1] Capital Flow - The automotive service sector experienced a net outflow of 27.81 million yuan from institutional investors and 18 million yuan from speculative funds, while retail investors saw a net inflow of 45.81 million yuan [2] - The detailed capital flow for individual stocks shows: - Shinhua Holdings had a net outflow of 14.89 million yuan from institutional investors [3] - Xiamen Xinda saw a net inflow of 4.89 million yuan from retail investors [3] - Zhongqi Co., Ltd. had a net inflow of 8.54 million yuan from retail investors despite a net outflow from institutional and speculative funds [3]

Market Overview - The automotive service sector experienced a decline of 0.31% on November 6, with Xiamen Xinda leading the drop [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Xiamen Xinda (000701) closed at 6.20, down 3.43% with a trading volume of 449,100 shares and a transaction value of 280 million [1] - Other notable declines included Beiba Media (600386) down 1.19%, and Dezhong Automobile (920030) down 1.07% [1] - Conversely, Guoji Automobile (600335) saw a slight increase of 0.31% [1] Capital Flow - The automotive service sector saw a net outflow of 33.96 million from institutional investors and 30.07 million from speculative funds, while retail investors contributed a net inflow of 64.02 million [3] - Xiamen Xinda experienced the largest net outflow among individual stocks, totaling 37.62 million [3] - Retail investors showed significant interest in Xiamen Xinda, with a net inflow of 60.31 million despite the overall decline [3]

Core Viewpoint - The main profit sources for the automotive dealership sector of Haowu Co., Ltd. include manufacturer rebates based on sales and profits generated from after-sales services such as maintenance and repairs [1] Summary by Categories Profit Sources - The automotive dealership sector's profits are derived from two primary sources: rebates from manufacturers based on sales performance and profits from after-sales services including maintenance and repairs [1]

Core Viewpoint - Haowu Co., Ltd. (000757) announced that its manufacturing business revenue is solely derived from crankshafts and motor shafts, with no involvement in diesel engines or parts [1] Group 1: Financial Performance - The gross margin for the company's crankshaft products is projected to be 23.47% in 2024 and 21.94% in the first half of 2025 [1] Group 2: Major Clients - Key customers include Chery, Li Auto, Dongfeng Xiaokang (Sailis), BYD, Dong'an Power, Wuling Liuji, Beiqi Foton, GAC, Jianghuai Automobile, Changan, Kubota, Mitsubishi Japan, Proton, and Geely [1]

Core Viewpoint - The company, Haowu Co., announced that by the first half of 2025, its manufacturing business is expected to achieve revenue of 410 million yuan, with an annual production capacity increased to 3 million units [1] Group 1 - As of the first half of 2025, the company's manufacturing revenue is projected to be 410 million yuan [1] - The annual production capacity for the first half of 2025 has been raised to 3 million units [1] - Future revenue over the next three years will depend on market and customer demand [1]

Core Viewpoint - The company primarily focuses on the production of passenger car crankshafts and currently has no plans to establish a production line for large commercial vehicle crankshafts due to the need for specialized equipment [1] Group 1 - The company announced on November 4 that it mainly produces passenger car crankshafts [1] - Different types of crankshafts require specialized equipment that is not interchangeable [1] - There are no current plans for the company to build a production line for large commercial vehicle crankshafts [1]

Group 1 - The company announced on November 4 that it utilizes live streaming through social media to enhance customer conversion rates [1] - By providing detailed introductions of each vehicle's highlights and advantages during online live broadcasts, the company aims to increase the success rate of order transactions [1] - This strategy is expected to boost the company's customer base [1]

Core Insights - The company, Haowu Co., announced its revenue distribution strategy for its crankshaft business, indicating a focus on both traditional and new energy vehicles [1] Revenue Distribution - Traditional fuel vehicle crankshaft business accounts for 30% of total revenue [1] - New energy vehicle crankshaft business, which includes crankshafts for new energy vehicles and non-road machinery engines, constitutes 60% of total revenue [1] - Other new automotive component revenues make up the remaining 10% [1]