证券代码：000890 证券简称：法尔胜 公告编号：2025-062 江苏法尔胜股份有限公司 第十一届董事会第二十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、江苏法尔胜股份有限公司（以下简称"公司"）第十一届董事会第二十 五次会议通知于 2025 年 9 月 11 日以传真、电子邮件和电话等方式发出。 2、本次董事会会议于 2025 年 9 月 16 日（星期二）下午 14:00 在本公司二 楼会议室召开，会议采用现场结合通讯表决的方式。 3、本次董事会会议应出席的董事人数为 11 人，实际出席会议的董事人数 11 人。 4、本次董事会由本公司董事长陈明军先生主持，全体高级管理人员列席了 会议。 表决结果：11 票同意，0 票反对，0 票弃权。 具体内容详见同日披露于巨潮资讯网(http://www.cninfo.com.cn)的公司 5、本次董事会会议的召开符合《公司法》、《公司章程》及有关法律、法规 的规定。 二、董事会会议审议情况 经与会董事认真讨论，本次会议审议通过如下事项： 1、审议通过《2025 年 ...

Meeting Overview - The company held its sixth extraordinary general meeting of shareholders on September 15, 2025, with both on-site and online voting options available [3][4][5] - A total of 118 shareholders participated, representing 170,923,012 shares, which is 40.7441% of the total voting shares [11] Voting Results - All proposals presented at the meeting were approved without any rejections [2] - The proposal to amend the company's articles of association received 99.9347% approval from the voting shareholders [14] - Other proposals, including amendments to the board meeting rules, shareholder meeting rules, independent director work system, fundraising management measures, related party transaction system, external guarantee system, and management of director and senior management personnel remuneration, also received over 99% approval [14][15][17][18][20][22][24] Legal Compliance - The meeting's convening and procedures were confirmed to comply with relevant laws and the company's articles of association, as stated in the legal opinion provided by Jiangsu Century Tongren Law Firm [26]

江苏世纪同仁律师事务所 关于江苏法尔胜股份有限公司 2025 年第六次临时股东大会的 法律意见书 致：江苏法尔胜股份有限公司： 本所及本所律师根据贵公司的委托，就贵公司 2025 年第六次临时股东大会 （下称"本次股东大会"）的有关事宜，根据《中华人民共和国证券法》《中华 人民共和国公司法》和《上市公司股东大会规则》等相关法律、法规和规范性文 件(下统称"相关法律法规")以及《江苏法尔胜股份有限公司章程》（下称"《公 司章程》"）的有关规定，出具本法律意见。 为出具本法律意见之目的，本所律师出席了贵公司本次股东大会，并根据现 行法律、法规的有关规定及要求，按照律师行业公认的业务标准、道德规范和勤 勉尽职精神，对贵公司提供的与本次股东大会召开有关的文件和事实进行了核查 和验证，在此基础上，本所律师对法律意见出具之日及以前所发生的事实发表法 律意见如下： 一、关于本次股东大会的召集和召开 本次股东大会由贵公司董事会召集。 2025 年 8 月 28 日贵公司董事会在巨潮资讯网和《证券时报》《中国证券报》 发布召开本次股东大会的通知，定于 2025 年 9 月 15 日 14:00 在江苏省江阴市澄 江中路 165 ...

证券代码：000890 证券简称：法尔胜 公告编号：2025-061 江苏法尔胜股份有限公司 2025 年第六次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 （1）现场会议召开时间：2025 年 9 月 15 日下午 14:00。 （2）网络投票时间：2025 年 9 月 15 日。其中： 特别提示： 1.本次股东大会未出现否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1.江苏法尔胜股份有限公司（以下简称"公司"或"本公司"）于 2025 年 8 月 28 日以公告形式发布了《关于召开 2025 年第六次临时股东大会的通知》。 2.召开方式：现场投票及网络投票相结合的方式。 3.召开时间： ①通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 9 月 15 日上午 9:15～9:25，9:30～11:30，下午 13:00～15:00； ②通过深圳证券交易所互联网投票的具体时间为：2025 年 9 月 15 日 9:15～ 15:00 期间的任意时间。 ...

Market Overview - On September 10, the environmental equipment sector rose by 0.27% compared to the previous trading day, with *ST Qingyan leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - The following stocks in the environmental equipment sector showed significant gains: - *ST Qingyan: Closed at 17.26, up 7.67% with a trading volume of 32,600 lots and a turnover of 54.99 million yuan [1] - Meiyu Technology: Closed at 52.92, up 6.05% with a trading volume of 38,200 lots [1] - Farsen: Closed at 4.33, up 5.87% with a trading volume of 396,600 lots [1] - Jiuwu High-Tech: Closed at 35.88, up 4.79% with a trading volume of 232,200 lots [1] Fund Flow Analysis - The environmental equipment sector experienced a net inflow of 72.01 million yuan from institutional investors, while retail investors saw a net outflow of 29.59 million yuan [2][3] - Notable fund flows include: - Jiuwu High-Tech: Net inflow of 88.22 million yuan from institutional investors, with a net outflow of 53.70 million yuan from retail investors [3] - Meiyu Technology: Net inflow of 15.77 million yuan from institutional investors, with a net outflow of 1.38 million yuan from retail investors [3] - *ST Qingyan: Net inflow of 6.39 million yuan from institutional investors, with a net outflow of 6.84 million yuan from retail investors [3]

Core Viewpoint - The company clarified its product applications and confirmed it does not engage in certain high-tech fields such as robotics and bridge construction [1][3]. Group 1 - The company produces steel wires primarily used in automotive seat frames, conveyor belts, and hoses [1]. - The company does not participate in projects related to bridge construction or robotics [1].

Core Insights - The company Falunsheng (000890) reported a significant decline in total revenue and a negative net profit for the first half of 2025, indicating ongoing financial struggles [1][3] - Despite a decrease in total revenue, the net loss improved compared to the previous year, suggesting some operational adjustments may be taking effect [1] Financial Performance - Total revenue for the first half of 2025 was 128 million yuan, a decrease of 34.21% year-on-year [1] - The net profit attributable to shareholders was -15.03 million yuan, an improvement of 37.8% compared to the previous year [1] - In Q2 2025, total revenue was 59.65 million yuan, down 28.28% year-on-year, with a net profit of -14.28 million yuan, a decline of 145.56% [1] Profitability Metrics - Gross margin was -3.52%, a decrease of 144.42% year-on-year, indicating a significant drop in profitability [1] - Net margin was -23.02%, down 58.45% year-on-year, reflecting ongoing challenges in maintaining profitability [1] - The ratio of selling, administrative, and financial expenses to revenue was 26.45%, an increase of 24.09% year-on-year [1] Cash Flow and Debt Situation - Cash flow per share was 0.03 yuan, a substantial increase of 1925.74% year-on-year, indicating improved cash generation capabilities [1] - The current ratio was 0.45, highlighting increased short-term debt pressure [1] - The company’s cash and cash equivalents decreased by 37.82% year-on-year, totaling 31.23 million yuan [1] Historical Performance and Investment Considerations - The company has shown weak historical performance with a median ROIC of 1.85% over the past decade, and a particularly poor ROIC of -35.56% in 2019 [3] - The company has reported losses in four out of its 26 annual reports since going public, raising concerns about its long-term viability [3] - The debt situation is concerning, with a debt-to-asset ratio of 68.62% and a high ratio of interest-bearing debt to average operating cash flow over the past three years [3]

Core Insights - The report indicates that as of August 27, 2025, institutional investors hold a total of 183 million shares of Farsen (000890.SZ), representing 43.67% of the company's total equity [1] - The proportion of shares held by institutional investors has increased by 1.73 percentage points compared to the previous quarter [1] Institutional Holdings - Seven institutional investors have disclosed their holdings in Farsen A-shares, with the largest being Farsen Hongsheng Group Co., Ltd. and Merrill Lynch International [1] - The increase in institutional holdings reflects a growing confidence among these investors in Farsen's performance [1] Foreign Investment - One foreign fund, Merrill Lynch International, has increased its holdings, indicating a slight uptick in foreign investment [2] - Three new foreign institutions have disclosed their holdings this period, including Barclays Bank PLC, Goldman Sachs International, and Morgan Stanley & Co. International PLC [2] - Notably, J.P. Morgan Securities PLC and Goldman Sachs LLC have not disclosed their holdings this period, suggesting potential shifts in foreign investment strategies [2]

江苏法尔胜股份有限公司 对外担保管理制度 第一章 总则 第一条 为了规范江苏法尔胜股份有限公司（以下简称"公司"）的对外担 保行为，有效控制对外担保风险，保护股东和其他利益相关者的合法权益，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国民 法典》（以下简称"《民法典》"）、《公司章程》及《企业内部控制基本规范》 等其他相关规定，制订《江苏法尔胜股份有限公司对外担保管理制度》（以下简 称"本制度"）。 第二条 本制度所称担保，是指公司依据《民法典》和担保合同或者相关协 议，按照公平、自愿、互利的原则向被担保人提供一定方式的担保并依法承担相 应法律责任的行为，不包含担保公司的担保业务及按揭销售中涉及的担保等具有 日常经营性质的担保行为。本制度所称对外担保是指公司为他人提供的担保，包 括公司对控股子公司的担保。 第三条 公司在建立和实施担保内部控制中，应当强化关键环节的风险控制， 并采取相应的控制措施，达到如下目标： (二）担保的对象、范围、条件、程序、限额和禁止担保的事项应当明确规 范； (三）担保评估应当科学严密； (四）担保执行环节的控制措施应当充分有效； (五）担保业务符合国家法 ...

江苏法尔胜股份有限公司 董事、高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步完善江苏法尔胜股份有限公司（以下简称"公司"）激励、 约束机制，提高企业经营管理水平，促进企业效益的增长，根据《公司章程》， 结合公司实际情况，制定本制度。 第六条 董事会成员薪酬： 第二条 本制度适用于公司董事、高级管理人员。 第三条 公司薪酬制度遵循以下原则： （一）按岗位确定薪酬原则：公司内部各岗位薪酬体现各岗位对公司的价值， 体现"责、权、利"的统一； （二）按绩效评价标准、程序及主要评价体系的原则； （三）个人薪酬与公司长远利益相结合的原则； （四）短期和长期相结合、约束和激励并重的原则。 第二章 薪酬管理机构 第四条 公司股东会负责审议董事的薪酬，公司董事会负责审议公司高级管 理人员的薪酬。 第五条 公司综合管理部配合董事会进行公司高级管理人员薪酬方案的具体 实施。 第三章 薪酬的标准和发放 （一）非独立董事 1、外部董事：外部董事是指不在公司担任除董事以外职务的非独立董事， 实行董事津贴制。 2、内部董事：内部董事是指同时兼任其他管理职务的非独立董事，其薪酬 根据其在公司的具体任职岗位确定，按其工作岗位领取薪酬 ...