浙江钱江摩托股份有限公司董事会 对独立董事独立性评估的专项意见 根据《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等要求， 浙江钱江摩托股份有限公司（以下简称"公司"）董事会就公司在任独立董事 WANGJIWEI 先生、刘欣女士、金官兴先生的独立性情况进行评估并出具如下专项 意见。 浙江钱江摩托股份有限公司董事会 2025 年 4 月 22 日 经核查，公司第九届独立董事 WANGJIWEI 先生、刘欣女士、金官兴先生的任 职经历以及签署的相关自查文件真实、准确，上述人员未在公司担任除独立董事 以外的任何职务，也未在公司主要股东担任任何职务，与公司以及主要股东之间 不存在利害关系或其他可能妨碍其进行独立客观判断的关系，因此，公司独立董 事符合《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》中对独立董事独立性的相关要求。 ...

Financial Performance - The company reported a profit distribution plan of 4.00 CNY per 10 shares (including tax) based on a total of 526,611,000 shares[4]. - The company's operating revenue for 2024 reached ¥6,030,882,914.58, an increase of 18.30% compared to ¥5,097,767,420.78 in 2023[19]. - Net profit attributable to shareholders for 2024 was ¥676,738,050.81, representing a 45.84% increase from ¥464,022,361.44 in 2023[19]. - The basic earnings per share for 2024 was ¥1.2946, up 47.01% from ¥0.8806 in 2023[19]. - The total assets at the end of 2024 amounted to ¥10,285,044,093.77, reflecting a 21.50% increase from ¥8,465,106,236.94 at the end of 2023[19]. - The company achieved a revenue of 6.031 billion yuan in 2024, representing a year-on-year growth of 18.30%, with a net profit of 677 million yuan, up 45.84%[47]. - Total revenue for 2024 reached ¥6,030,882,914.5, representing an 18.30% increase from ¥5,097,767,420.7 in 2023[57]. Market Position and Sales - The motorcycle industry in China sold 1,992.28 million units in 2024, with a year-on-year growth of 2.82%[29]. - The export volume of motorcycles reached 1,101.63 million units in 2024, a year-on-year increase of 26.72%[31]. - The export value of motorcycles was $6.981 billion in 2024, representing a 23.8% increase compared to the previous year[31]. - The sales of two-wheeled fuel motorcycles in China were 1,645.62 million units, with a year-on-year growth of 12.99%[29]. - The company ranks 15th in export volume with a share of 2.2%, but ranks 5th in export value at 5.0%, benefiting from optimized product structure, especially in large-displacement products[34]. - The company has maintained the number one market share in China for large-displacement motorcycles (over 250cc) for thirteen consecutive years[42]. - The company sold 45.22 million motorcycles in 2024, a 15.45% increase compared to 39.17 million in 2023[60]. Research and Development - The company emphasizes technological innovation and has a comprehensive R&D system, with significant investments in R&D personnel and facilities, exceeding industry averages[42]. - The company invested 366.45 million yuan in R&D in 2024, accounting for 6.08% of revenue, launching over 30 fuel vehicles and multiple electric vehicles[53]. - The company has completed several key R&D projects aimed at enhancing product safety and performance, including a motorcycle lighting system based on body posture recognition[69]. - The company is developing a new UTV1000 beach vehicle to improve ride comfort and reduce vibrations[69]. - The company is working on a new engine model, the 1P70MM-3, aimed at high performance and low emissions to meet market demands[71]. - The company is focusing on lightweight materials and structural optimization to enhance acceleration performance and fuel economy in new motorcycle models[71]. Corporate Governance - The company held three shareholder meetings, ten board meetings, and eight supervisory board meetings during the reporting period, ensuring compliance with regulations and equal treatment of all shareholders, particularly minority shareholders[140]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring no interference in operational decisions[143]. - The company has established a complete and independent financial management system, including independent bank accounts and tax obligations[144]. - The company reported a total of 5,602 staff, with 4,070 in production, 406 in sales, and 723 in technical roles[169][170]. - The company has a unified compensation incentive system aimed at attracting and retaining talent, based on position value and performance[171]. Environmental and Social Responsibility - The company strictly adheres to multiple environmental protection laws and regulations during its operations, including the Environmental Protection Law of the People's Republic of China[193]. - The company has received no administrative penalties related to environmental issues during the reporting period[197]. - The company is actively involved in poverty alleviation and rural revitalization efforts, as outlined in its 2024 ESG report[199]. - The company has implemented measures to reduce carbon emissions, as detailed in its 2024 ESG report[197]. Cash Flow and Financial Management - Operating cash inflow increased by 18.45% year-on-year to ¥7,261,035,177.08, primarily due to higher cash received from sales and tax refunds[76]. - Net cash flow from operating activities surged by 91.74% year-on-year to ¥1,133,247,718.99, reflecting the changes in cash inflows and outflows[77]. - The company's rental liabilities increased by 822.78% compared to the beginning of the year, primarily due to the increase in leased buildings and specialized equipment[83]. - The company's total investments during the reporting period amounted to 98,368,564.55 yuan, representing a 930.00% increase compared to the same period last year[88]. Strategic Initiatives - The company is focusing on expanding its presence in emerging markets, particularly for high-displacement models in Europe and North America[121]. - The company aims to enhance its core competitiveness and maintain technological leadership while expanding its market share in both domestic and international markets by 2025[121]. - The company is exploring potential mergers and acquisitions to facilitate market expansion[148]. - The company plans to submit its 2024 profit distribution proposal for shareholder approval, ensuring protection of minority investors' rights[176].

Financial Performance - Q1 2025 revenue was CNY 1,334,233,217.16, a decrease of 0.81% compared to CNY 1,345,095,802.23 in the same period last year[5] - Net profit attributable to shareholders was CNY 86,698,775.66, down 37.96% from CNY 139,754,838.07 year-on-year[5] - Basic earnings per share decreased by 38.42% to CNY 0.1670 from CNY 0.2712 in the same period last year[5] - Net profit for the current period was ¥86,528,515.03, down 38.2% from ¥140,017,606.05 in the previous period[20] - Operating profit decreased to ¥87,599,381.06, a decline of 39.2% compared to ¥144,294,544.83 in the previous period[20] - The total comprehensive income attributable to the parent company was 85,002,859.97 yuan, compared to 139,848,481.57 yuan in the previous period, reflecting a decrease[21] Cash Flow - The net cash flow from operating activities was negative CNY 150,124,863.04, a decline of 231.21% compared to CNY 114,414,803.89 in the previous year[5] - Operating cash inflow increased by 9.13% to ¥1,608,766,340.55 compared to the same period last year[11] - Operating cash outflow rose by 29.35% to ¥1,758,891,203.59, primarily due to increased payments for goods and services[11] - Net cash flow from operating activities turned negative at -¥150,124,863.04, a decline of 231.21% year-on-year[11] - The net increase in cash and cash equivalents was -¥280,050,303.89, a decline of 136.58% compared to the previous year[11] - Cash received from the sale of goods and services amounted to 1,320,024,504.54 yuan, an increase from 1,240,812,916.57 yuan year-over-year[23] Assets and Liabilities - Total assets increased by 1.37% to CNY 10,426,176,331.98 from CNY 10,285,044,093.77 at the end of the previous year[5] - Total liabilities rose to ¥5,538,403,956.82, an increase of 0.95% from ¥5,486,321,852.62 in the previous period[18] - Total equity attributable to shareholders increased to ¥4,881,469,223.71 from ¥4,792,029,479.64, a growth of 1.86%[18] - Cash and cash equivalents decreased to ¥5,393,945,596.89 from ¥5,677,551,910.71, a decline of 5.0%[16] - Accounts receivable increased to ¥518,391,790.74, up 25.5% from ¥413,022,555.65 in the previous period[16] Research and Development - R&D expenses rose by 29.88% to CNY 90,940,464.76, driven by investments in new product development[9] - Research and development expenses rose to ¥90,940,464.76, an increase of 29.6% from ¥70,016,719.21 in the previous period[20] Non-Operating Income and Expenses - Non-operating income increased by 189.42% to CNY 4,337,686.14, mainly due to increased penalties from suppliers[10] - The company reported a decrease in minority shareholder losses, which amounted to CNY -170,260.63, compared to a profit of CNY 262,767.98 in the previous year[10] - The company experienced a foreign exchange loss of -1,608,465.30 yuan, compared to a gain of 373,281.81 yuan in the previous period[24] Investment Activities - Investment cash inflow dropped by 100% to ¥3,982.30, significantly lower than last year's ¥190,982,211.51[11] - Investment cash outflow increased by 69.47% to ¥125,498,959.04, attributed to higher infrastructure project investments[11] - Net cash flow from investing activities decreased by 207.33% to -¥125,494,976.74 due to reduced cash inflow[11] - The net cash flow from investing activities was -125,494,976.74 yuan, compared to 116,928,106.76 yuan in the previous period[24] Financing Activities - Financing cash inflow decreased by 8.72% to ¥950,559,781.04, mainly due to reduced project loans[11] - Financing cash outflow surged by 87.82% to ¥953,381,779.85, primarily from increased payments for discounted bank acceptance bills[11] - Net cash flow from financing activities fell by 100.53% to -¥2,821,998.81, reflecting the impact of cash inflows and outflows[11] - The total cash inflow from financing activities was 950,559,781.04 yuan, down from 1,041,376,679.56 yuan in the previous period[24]

Industry Rating - The industry investment rating is maintained at "Outperform" [1] Core Insights - In March 2025, the total sales of two-wheeled fuel motorcycles reached 1.447 million units, representing a year-on-year increase of 19.6%. Exports accounted for 1.038 million units, up 30.1%, while domestic sales were 408,000 units, down 0.7% [4][10] - For motorcycles above 250cc, total sales in March were 88,000 units, a significant increase of 68.4% year-on-year, with exports at 42,000 units, up 101.2%, and domestic sales at 46,000 units, up 46.2% [4][10] Summary by Relevant Sections Two-Wheeled Fuel Motorcycles - March total sales: 1.447 million units, YoY +19.6% [4][10] - Exports: 1.038 million units, YoY +30.1% [4][10] - Domestic sales: 408,000 units, YoY -0.7% [4][10] Motorcycles Above 250cc - March total sales: 88,000 units, YoY +68.4% [4][10] - Exports: 42,000 units, YoY +101.2% [4][10] - Domestic sales: 46,000 units, YoY +46.2% [4][10] Electric Motorcycles - March sales: 20,000 units, YoY +2005% [21] Four-Wheeled Vehicles - March domestic factory shipments: 15,000 units, YoY -6.5% [21]

01 事件概述 据中国摩托车商会数据，2025年3月250cc（不含）以上摩托车销量8.8万辆，同比+68.4%，环比+52.7%。1-3月累计销量20.5万辆，同比+77.4%。 02 分析判断 行业： 旺季临近 中大排月度销量创历史新高 1）125cc（不含）以上： 3月销量71.1万辆，同比+25.6%，环比+54.0%，主要增量来自于125-150cc及500-800cc，春风动力、隆鑫通用等头部企业均贡献明显增量； 2）250cc（不含）以上： 3月销量8.8万辆，同比+68.4%，环比+52.7%，创历史新高。1-3月累计销量20.5万辆，同比+77.4%。其中： 出口：250cc+摩托车3月出口4.2万辆 ，同比+101.2%，环比+13.5%，同比增长原因为头部企业在500-800cc排量段出口持续增长， 1-3月累计出口11.9万辆，同比 +113.7%。 内销：250cc+摩托车3月内销4.6万辆 ，同比+46.2%，环比+124.9%。 1-3月累计内销8.6万辆，同比+43.5%。 结构：500cc+排量车型增长强劲 自主高端化提速 1） 250cc<排量≤400cc ：3月销售4.1 ...

Investment Rating - The report maintains a positive investment rating for the automotive and automotive parts industry, focusing on domestic autonomous industry chains and key companies such as BYD, Geely, and Xpeng [5]. Core Insights - The report highlights the impact of recent U.S. tariffs on the automotive sector, noting that the tariffs have a limited effect on automotive parts, particularly for companies with overseas operations [2][3]. - It emphasizes the importance of monitoring tariff developments and suggests a focus on domestic autonomous vehicle manufacturers that are less affected by U.S. tariffs [3][24]. - The report recommends a selection of companies in the automotive sector, particularly those involved in smart and electric vehicles, as well as automotive parts suppliers [3][4]. Summary by Sections Weekly Data - In the first week of April 2025, passenger car sales reached 337,000 units, a year-on-year increase of 25.6% but a month-on-month decrease of 30.2%. New energy vehicle sales were 168,000 units, up 37.8% year-on-year but down 30.4% month-on-month, with a penetration rate of 50.0% [1][3]. Market Performance - The automotive sector underperformed the market, with the A-share automotive sector declining by 5.26% from April 7 to April 11, ranking 24th among sub-industries [1][3]. Key Recommendations - The report suggests focusing on a core portfolio that includes companies like BYD, Geely, Xpeng, Xiaomi, Berteli, Top Group, and others [1][3]. - It also highlights the potential of companies involved in the new energy vehicle supply chain and those focusing on smart driving technologies [3][4]. Tariff Impact - The U.S. tariffs, particularly the reciprocal tariffs, are expected to have a significant impact on exports and the economy, with a potential drag on GDP growth [10][19]. - The report notes that the automotive parts sector is less affected by the tariffs, especially for companies with production facilities in Mexico and Southeast Asia [2][24]. Company Focus - The report identifies key companies in the automotive parts sector that are well-positioned to benefit from the current market dynamics, including those involved in smart and electric vehicle technologies [3][4][25].

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。 特别提示： 1、浙江钱江摩托股份有限公司（以下简称为"公司"）本次回购注销股权激励计划对象3名已获授但尚未 解锁的限制性股票数量合计为60,000股，占本次回购注销前公司总股本526,671,000股的0.01%，并已经 过董事会及股东大会审议通过。 登录新浪财经APP 搜索【信披】查看更多考评等级 2、经中国证券登记结算有限公司深圳分公司确认，公司已完成上述60,000 股限制性股票回购注销事 宜。本次限制性股票回购注销符合法律、行政法规、部门规章、规范性文件、公司章程、股权激励计划 等的相关规定。 3、本次回购注销完成后，公司总股本由526,671,000股变更为526,611,000股。 一、公司2022年限制性股票激励计划实施情况 1、2022年5月20日，公司第八届董事会第六次会议及第八届监事会第五次会议审议通过了《关于〈浙江 钱江摩托股份有限公司2022年限制性股票激励计划（草案）〉及其摘要的议案》《关于〈浙江钱江摩托 股份有限公司2022年限制性股票激励计划实施考核管理办法〉的议案》《关于提请股东大 ...

证券代码：000913 证券简称：钱江摩托 公告编号：2025-006 3、本次回购注销完成后，公司总股本由 526,671,000 股变更为 526,611,000 股。 一、公司 2022 年限制性股票激励计划实施情况 浙江钱江摩托股份有限公司 关于部分限制性股票注销完成的公告 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。 特别提示： 1、浙江钱江摩托股份有限公司（以下简称为"公司"）本次回购注销股权激励 计划对象 3 名已获授但尚未解锁的限制性股票数量合计为 60,000 股，占本次回购 注销前公司总股本 526,671,000 股的 0.01%，并已经过董事会及股东大会审议通过。 2、经中国证券登记结算有限公司深圳分公司确认，公司已完成上述 60,000 股 限制性股票回购注销事宜。本次限制性股票回购注销符合法律、行政法规、部门 规章、规范性文件、公司章程、股权激励计划等的相关规定。 1、2022 年 5 月 20 日，公司第八届董事会第六次会议及第八届监事会第五次会 议审议通过了《关于<浙江钱江摩托股份有限公司 2022 年限制性股票激励计划（草 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 浙江钱江摩托股份有限公司（以下简称"公司"）于2022年7月29日召开第八届董事会第八次会议审议通 过了《关于土地收购的议案》，温岭工业园区管理委员会（以下简称"管委会"）对公司坐落在温岭市城 东街道横山头村锦屏大道（压铸厂）、城东街道横山头村锦屏大道（锦屏厂区）、温岭经济开发区泽坎 公路（股份总部）国有土地使用权及地面建筑物、公司全资子公司浙江益中智能电气有限公司（以下简 称"益中电气"）位于城西街道莞田村万昌西路（九分厂）、位于城东街道横湖桥村横湖中泽坎路公路东 侧（原六分厂）国有土地使用权及地面建筑物、公司全资子公司浙江益荣智能机械有限公司（以下简 称"益荣智能"）位于城东街道横山头村曙光路6号（益荣厂）国有土地使用权及地面建筑物进行收购， 收购款及补偿款共计125,128.90万元，详细内容见公司于2022年7月30日披露的《关于土地收购的公告》 （公告编号：2022-046），上述事项已经公司2022年第二次临时股东大会审议通过。 2023年9月26日， ...

2023年9月26日，公司及益中电气、益荣智能与管委会签署了《温岭市国有 土地使用权收购补充合同》（以下简称"《补充合同》"），公司益荣智能在原 合同约定的腾空期限（2025年11月15日）提前腾空的，每提前一个月管委会奖 励5.7万元/亩，奖励期限不超过12个月，奖励总额不超过2,922.732万元。详细内 容见公司于2023年9月28日披露的《关于签署<温岭市国有土地使用权收购补充 合同>的公告》（公告编号：2023-054）。 证券代码：000913 证券简称：钱江摩托 公告编号：2025-005 浙江钱江摩托股份有限公司 关于收到腾空奖励款的公告 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。 浙江钱江摩托股份有限公司（以下简称"公司"）于2022年7月29日召开第八 届董事会第八次会议审议通过了《关于土地收购的议案》，温岭工业园区管理 委员会（以下简称"管委会"）对公司坐落在温岭市城东街道横山头村锦屏大道 （压铸厂）、城东街道横山头村锦屏大道（锦屏厂区）、温岭经济开发区泽坎 公路（股份总部）国有土地使用权及地面建筑物、公司全资子公司浙江益中智 能电气 ...