成都市高新区交子大道 333 号中海国际中心 E 座 602 室 电话：028-65585333 传真：028-66266533 邮编：610041 北京国枫（成都）律师事务所 关于四川和谐双马股份有限公司 2023 年度股东大会的 法律意见书 国枫律股字[2024]D0014 号 致：四川和谐双马股份有限公司（贵公司） 北京国枫（成都）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出 席并见证贵公司 2023 年度股东大会（以下简称"本次会议"）。 本所律师根据《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》"）、《上市公司股东大会规则》（以下简称"《股 东大会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律业 务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法律 业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《四川和谐双马股份 有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、 召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见 ...

关于和谐绿色产业基金新增合伙人的公告 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。 四川和谐双马股份有限公司全资子公司西藏锦合创业投资管理有限公司所 管理的宜宾和谐绿色产业发展股权投资合伙企业（有限合伙）（以下简称"和谐 绿色产业基金"或"合伙企业"）近期发生了新增合伙人的事项。 依据《宜宾和谐绿色产业发展股权投资合伙企业（有限合伙）合伙协议》（以 下简称"《合伙协议》"）的约定，执行事务合伙人西藏锦坤企业管理有限公司同 意杭州和达产业基金投资有限公司（简称"和达产业基金"）作为有限合伙人加 入和谐绿色产业基金，并签署《合伙协议》。 根据约定，和达产业基金将以现金向合伙企业认缴出资人民币 2 亿元，截至 本公告披露日，合伙企业的认缴总额由人民币 95 亿元增至 97 亿元。 一、新增合伙人的基本情况 名称： 杭州和达产业基金投资有限公司 成立日期：2017 年 6 月 29 日 证券代码：000935 证券简称：四川双马 公告编号：2024-22 四川和谐双马股份有限公司 经营范围：服务：实业投资、投资管理、投资咨询（除证券、期货，未经金 融等监管部门批准， ...

证券代码：000935 证券简称：四川双马 公告编号：2024-23 四川和谐双马股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 四川和谐双马股份有限公司（以下简称"公司"）于 2023 年 10 月 23 日召 开的第九届董事会第三次会议，审议并通过了《关于以集中竞价方式回购公司股 份的议案》，同意公司使用自有资金以集中竞价交易方式回购部分公司股份，用 于员工持股计划或股权激励计划。本次回购资金总额不低于人民币 5,000 万元 （含）且不超过人民币 10,000 万元（含），回购价格不超过人民币 22 元/股， 回购期限自董事会审议通过回购方案之日起 12 个月。 详 情 请 见 公 司 于 2023 年 10 月 25 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn/）披露的《关于以集中竞价方式回购公司股份方 案的公告》（公告编号：2023-44）。 一、回购股份的进展情况 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相 关规定，上市公司在回购期间应当在每个 ...

股 票 研 究 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------|--------------------------------------------------------------------------------|---------------------------|------------------------|---------------------------------------------------------------------------------------------------|------------------------|----------------------|-------------------------------------------------|-------------------|------------|------------------| | [Table_MainInfo] \n | [Tab ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥213,059,095.23, a decrease of 8.68% compared to ¥233,308,212.68 in the same period last year[6] - Net profit attributable to shareholders was ¥8,723,136.67, down 95.88% from ¥211,972,548.35 year-on-year[6] - The net profit for the first quarter was 8,259,988.85, a significant decrease from 212,248,358.75 in the previous year[32] - The total operating profit was 3,026,616.87, compared to 245,231,959.86 in the same period last year[32] - The net profit attributable to the parent company for Q1 2024 was CNY 8,744,705.30, compared to CNY 212,535,767.38 in the same period last year[52] - The company reported a basic and diluted earnings per share of CNY 0.01 for Q1 2024, compared to CNY 0.28 in the same period last year[52] Cash Flow and Assets - The net cash flow from operating activities improved to ¥52,573,281.08, compared to a negative cash flow of ¥22,743,461.52 in the previous year[6] - The cash flow from operating activities for Q1 2024 was CNY 189,337,069.31, slightly down from CNY 193,583,963.07 in the previous year[52] - The total cash and cash equivalents at the end of the period were 373,447,769.86, down from 709,515,756.18 at the end of the previous year[36] - The company's cash and cash equivalents at the end of Q1 2024 were CNY 396,812,976.46, down from CNY 465,702,750.26 at the beginning of the period[46] - Total assets at the end of the reporting period were ¥8,158,589,126.65, a slight decrease of 0.44% from ¥8,194,608,917.06 at the end of the previous year[6] - Non-current assets total 6,736,738,048.50 RMB, an increase from 6,619,225,430.09 RMB[29] - Current assets amount to 1,421,851,078.15 RMB, down from 1,575,383,486.97 RMB[29] - The total liabilities decreased to CNY 691,711,434.51 from CNY 736,012,782.40, reflecting a reduction of 6.0%[49] Shareholder Information - Total number of common shareholders at the end of the reporting period is 28,109[22] - Beijing Harmony Hengyuan Technology Co., Ltd. holds 26.52% of shares, totaling 202,446,032 shares[22] - Lafarge China Offshore Holding Company (LCOHC) Ltd. holds 17.55% of shares, totaling 133,952,761 shares[22] - Tianjin Saikehuan Enterprise Management Center holds 10.27% of shares, totaling 78,403,902 shares[22] - The total number of preferred shareholders is not specified, but the report indicates significant shareholder concentration[27] Expenses and Income - Research and development expenses were eliminated this quarter, down 100% from ¥2,924,232.56 in the same period last year[20] - Other income increased by 76.12% to ¥10,703,604.42, primarily due to government environmental rewards received[21] - The company experienced a significant decline in investment income, reporting a loss of ¥31,795,847.80 compared to a profit of ¥160,722,766.88 in the previous year[21] - The total revenue from other income was 10,703,604.42, an increase from 6,077,310.95 in the previous year[32] - The company incurred financial expenses of -409,219.22, a reduction from -831,362.35 in the previous year[32] - The company's tax expenses were recorded at -5,160,158.43, compared to 33,005,109.09 in the previous year[32] Inventory and Receivables - The company reported a significant increase in inventory, totaling 53,714,152.22 RMB compared to 51,681,301.82 RMB[29] - The accounts receivable increased to CNY 77,288,093.67 from CNY 62,157,832.76 at the beginning of the period, indicating a rise of 24.3%[46] - The company has seen a significant reduction in other payables, which decreased to CNY 35,280,395.19 from CNY 64,710,449.75[49]

Financial Performance - The company achieved a net profit of 985 million yuan attributable to shareholders during the reporting period[11]. - The company's operating revenue for 2023 was ¥1,219,344,574.84, a slight decrease of 0.02% compared to ¥1,219,588,689.76 in 2022[89]. - Net profit attributable to shareholders for 2023 reached ¥985,473,578.62, representing a significant increase of 19.43% from ¥825,124,320.37 in 2022[89]. - The net profit after deducting non-recurring gains and losses was ¥938,711,142.26, up 53.65% from ¥610,944,252.79 in the previous year[89]. - Basic earnings per share for 2023 were ¥1.29, an increase of 19.44% compared to ¥1.08 in 2022[89]. - The net profit for the year increased due to higher fair value gains and investment income, which did not affect operating cash flow[174]. - The company reported a net profit of CNY 133.11 million from its subsidiary Sichuan Shuangma Yibin Cement Manufacturing Co., which generated revenue of CNY 753.65 million[185]. Investment and Fund Management - The company generated investment income of 1.631 billion yuan from two private equity funds, with an additional expected performance fee of 1.13 billion yuan upon full exit at fair value by December 31, 2023[2]. - The Harmony Green Industry Fund successfully raised 9.5 billion yuan, exceeding the initial target of 7.5 billion yuan[9]. - The company manages a private equity fund with a scale exceeding ¥26 billion, focusing on sectors such as advanced manufacturing and new energy[95]. - The private equity investment management business revenue increased by 70.52% year-over-year to approximately $465.70 million, representing 38.19% of total revenue[104]. - The company has three private equity funds under management, providing services such as investment analysis and risk control[26]. - The company is committed to value investment, long-term investment, and responsible investment, aiming to strengthen its private equity fund management capabilities[195]. Market and Economic Environment - In 2023, China's GDP reached 126.06 trillion yuan, growing by 5.2% year-on-year, with fixed asset investment increasing by 3.0% to 50.30 trillion yuan[3]. - The company reported a 9.6% year-on-year decline in real estate development investment, indicating a challenging market environment[3]. - The construction materials industry is expected to remain in a bottom cycle in 2024, with ongoing pressures on market demand and price fluctuations[172]. - The company anticipates that ongoing government policies will stabilize the real estate market, potentially boosting cement demand in the coming year[97]. - The company expects to sell 2.3 million tons of cement and 5.6 million tons of aggregates in 2024, with actual sales in 2023 being 2.081 million tons of cement and 5.383 million tons of aggregates, indicating a shortfall due to environmental controls and public activity restrictions[192]. Operational Strategies - The company is focusing on expanding its market presence by optimizing channel layouts and targeting municipal engineering and livelihood projects[6]. - The company aims to maximize marginal benefits while stabilizing existing customer shares and expanding into new markets[6]. - The company has implemented strategies to enhance direct sales and maintain reasonable pricing amidst market pressures, achieving satisfactory performance in its building materials segment[27]. - The company is enhancing its business resilience by increasing the proportion of railway transport customers, extending the sales radius beyond 200 kilometers[37]. - The company plans to focus on technological innovation and green low-carbon technologies to drive transformation in the construction materials sector[172]. Environmental and Safety Management - The company has implemented a comprehensive safety and environmental management system, achieving recognition as a "provincial-level safety culture construction demonstration enterprise" and a "first-level environmental integrity enterprise"[6]. - The company has actively responded to government policies on peak production, ensuring compliance with national and local environmental standards[6]. - The company has implemented advanced production technologies to reduce SO₂ and nitrogen oxide emissions, contributing to environmental sustainability[15]. - The company is committed to achieving dual carbon goals and promoting green development as part of its strategic objectives[95]. - The new air pollutant emission standards for the cement industry were implemented in 2023, requiring existing companies to meet stricter limits[98]. Research and Development - The company has established a dedicated technology research and service center and has received 8 utility model patents and 1 invention patent during the reporting period[32]. - The company’s R&D investment accounted for 1.75% of total revenue, down from 3.79% in the previous year[155]. - The number of R&D personnel decreased by 63.89% to 13, with a significant reduction in those holding advanced degrees[153]. Future Outlook - The company anticipates continued economic recovery in 2024, supported by strong growth momentum and favorable macroeconomic policies[188]. - The company plans to enhance its digital transformation efforts in line with the national strategy for building a digital China, focusing on financial resource support for digital development[188]. - The company is committed to optimizing its financing structure and enhancing the role of capital markets in supporting private enterprises[188]. - The company plans to adopt new technologies and processes to reduce carbon emissions and energy consumption, promoting the transformation and upgrading of the building materials industry[194].

证券代码：000935 证券简称：四川双马 公告编号：2024-14 四川和谐双马股份有限公司 关于和谐绿色产业基金新增合伙人的公告 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。 四川和谐双马股份有限公司全资子公司西藏锦合创业投资管理有限公司所 管理的宜宾和谐绿色产业发展股权投资合伙企业（有限合伙）（以下简称"和谐 绿色产业基金"或"合伙企业"）近期发生了新增合伙人的事项。 依据《宜宾和谐绿色产业发展股权投资合伙企业（有限合伙）合伙协议》（以 下简称"《合伙协议》"）的约定，执行事务合伙人西藏锦坤企业管理有限公司同 意天津天保滨海投资服务有限公司（简称"天津天保"）作为有限合伙人加入和 谐绿色产业基金，并签署《合伙协议》。 根据约定，天津天保将以现金向合伙企业认缴出资人民币 2 亿元，截至本公 告披露日，合伙企业的认缴总额由人民币 93 亿元增至 95 亿元。 一、新增合伙人的基本情况 名称：天津天保滨海投资服务有限公司 成立日期： 2007 年 8 月 10 日 统一社会信用代码：91120116663094976G 企业类型：有限责任公司(法人独资) 法 ...

证券代码：000935 证券简称：四川双马 公告编号：2024-13 四川和谐双马股份有限公司 关于控股股东所持部分股份解除质押及再质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 近日四川和谐双马股份有限公司(以下简称"公司")接到了控股股东北京和 谐恒源科技有限公司（以下简称"和谐恒源"）的函告，获悉其持有的部分公司 股份 23,531,245 股于 2024 年 4 月 24 日办理了解除质押手续，并于 2024 年 4 月 25 日办理了 6,825,100 股的再质押手续。 一、解除质押的具体情况 | 股东名称 | 是否为控股 股东或第一 大股东及其 | 本次解除质押 股份数量（股） | 占其所持股份 比例 | 占公司总股 本比例 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 一致行动人 | | | | | | | | | | | | | 2021年4月 | 2024年4月24 | 海通证券 | | 和谐恒源 | 是 | 23,531,2 ...

证券代码：000935 证券简称：四川双马 公告编号：2024-12 四川和谐双马股份有限公司 关于控股股东所持部分股份解除质押及再质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 近日四川和谐双马股份有限公司(以下简称"公司")接到了控股股东北京和 谐恒源科技有限公司（以下简称"和谐恒源"）的函告，获悉其持有的部分公司 股份已于 2024 年 4 月 22 日办理了解除质押并于 2024 年 4 月 23 日办理了再质押 的手续。 一、解除质押的具体情况 | 股东名称 | 是否为控股 股东或第一 | 本次解除质押 | 占其所持股份 | 占公司总股 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 大股东及其 | 股份数量（股） | 比例 | 本比例 | | | | | | 一致行动人 | | | | | | | | 和谐恒源 | 是 | 26,440,000 | 6.37% | 3.46% | 2021年4月 26日 | 2024年4月22 日 | ...

证券代码：000935 证券简称：四川双马 公告编号：2024-10 四川和谐双马股份有限公司 在公司董事充分理解会议议案并表达意见后，审议通过了以下议案： （一）《关于设立全资子公司的议案》 请详见公司于同日在巨潮资讯网（http://www.cninfo.com.cn/）公告的《关 于设立全资子公司的公告》。 本议案已经董事会战略委员会审议通过。 第九届董事会第八次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 四川和谐双马股份有限公司（以下简称"公司"）第九届董事会第八次会议 于 2024 年 4 月 18 日以现场或通讯的方式召开，现场会议地址为四川省成都市锦 江区红星路三段一号成都国际金融中心 1 号写字楼 26 楼 2 号。本次会议应出席 董事 7 人，实到 7 人。会议通知于 2024 年 4 月 14 日以书面方式向各位董事和相 关人员发出。 本次会议由董事长谢建平先生主持，高级管理人员和部分监事列席了会议， 本次会议的召集、召开符合有关法律法规和《四川和谐双马股份有限公司章程》 的规定。 二、董事会会议 ...