上海市汇业（重庆）律师事务所 关于 三羊马（重庆）物流股份有限公司 2025年第三次临时股东会 的法律意见书 二〇二五年八月 法律意见书 上海市汇业（重庆）律师事务所 关于三羊马（重庆）物流股份有限公司 2025年第三次临时股东会 的法律意见书 致：三羊马（重庆）物流股份有限公司 上海市汇业（重庆）律师事务所（以下简称"本所"）接受三羊马（重庆） 物流股份有限公司（以下简称"贵公司"）的委托，指派本所刘传琦律师、余俊 豪律师（以下简称"本所律师"）出席贵公司于 2025 年 8 月 25 日召开的 2025 年第三次临时股东会（以下简称"本次股东会"），并根据《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发布的《上市公司股东会规则》（以下简 称"《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简 称"《从业办法》"）及贵公司的《公司章程》等有关规定，就本次股东会的召 集、召开程序的合法性、会议召集人资格及出席会议人员资格、会议表决程序和 表决结果的合法有效性出具法律意见。 本所律师已经按照《股东会规则》的要求对 ...

Core Viewpoint - The railway and highway sector experienced a slight increase of 0.04% on August 22, with San Yang Ma leading the gains, while the overall market indices showed significant upward movement, with the Shanghai Composite Index rising by 1.45% and the Shenzhen Component Index by 2.07% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3825.76, up 1.45% [1] - The Shenzhen Component Index closed at 12166.06, up 2.07% [1] - The railway and highway sector stocks showed mixed performance, with notable gainers and losers [1] Group 2: Stock Performance - San Yang Ma (001317) closed at 51.48, up 10.00% with a trading volume of 74,900 shares and a turnover of 372 million yuan [1] - Chongqing Road and Bridge (600106) closed at 7.73, up 1.71% with a trading volume of 546,700 shares and a turnover of 421 million yuan [1] - Jiangxi Changyuan (600561) closed at 7.12, down 1.52% with a trading volume of 105,300 shares and a turnover of 75.42 million yuan [2] Group 3: Capital Flow - The railway and highway sector saw a net outflow of 79.07 million yuan from institutional investors, while retail investors contributed a net inflow of 111 million yuan [2] - Major stocks like San Yang Ma and Tie Long Logistics experienced significant net inflows from institutional investors [3] - Retail investors showed a mixed response, with some stocks experiencing net outflows despite overall inflows into the sector [3]

Market Overview - The Shanghai Composite Index closed at 3825.76 points, above the five-day moving average, with an increase of 1.45% [1] - The total trading volume of A-shares reached 25,788.42 billion yuan [1] Stocks Performance - A total of 575 A-shares broke through the five-day moving average today [1] - Stocks with significant deviation rates include: - Aibulu (301259) with a deviation rate of 15.39% and a daily increase of 19.99% [1] - Sanchuan Wisdom (300066) with a deviation rate of 13.32% and a daily increase of 20.06% [1] - Pinggao Co. (688227) with a deviation rate of 13.23% and a daily increase of 19.99% [1] - Other notable stocks with smaller deviation rates include: - Weihede (small deviation rate) just above the five-day moving average [1] - Kaige Precision Machinery (small deviation rate) just above the five-day moving average [1] - Hanlan Environment (small deviation rate) just above the five-day moving average [1]

Group 1 - The convertible bond of Sanyang Ma has increased by 2.55% to 152.946 yuan per share, with a trading volume of 119 million yuan and a conversion premium rate of 19.52% [1] - Sanyang Ma's convertible bond has a credit rating of "A+" and a maturity period of 6 years, with interest rates increasing from 0.30% in the first year to 2.80% in the sixth year [1] - The company, Sanyang Ma (Chongqing) Logistics Co., Ltd., was established in September 2005 and provides integrated logistics services for the automotive and fast-moving consumer goods industries [1] Group 2 - For the first quarter of 2025, Sanyang Ma reported an operating income of 37.26 million yuan, a year-on-year increase of 39.23%, while the net profit attributable to shareholders was -1.66 million yuan, a year-on-year decline of 126.25% [2] - As of July 2025, Sanyang Ma has a concentrated shareholder structure with 15,930 shareholders, an average of 1,844 circulating shares per person, and an average holding amount of 85,000 yuan [2]

Core Insights - The six-dimensional force sensor is a key component for solving motion control challenges in humanoid robots, with several A-share listed companies engaged in a "arms race" in this field [1][2][3] - The production cost of six-dimensional force sensors is currently high, but there is a strong demand for cost reduction as the humanoid robot industry rapidly advances [1][9] - The price of six-dimensional force sensors is expected to decrease significantly from over 20,000 yuan to around 2,000 yuan with mass production [1][10] Industry Competition - Jiuding Investment plans to acquire a 53.29% stake in Nanjing Shenyuan Intelligent Technology for 213 million yuan, highlighting the competitive landscape in the six-dimensional force sensor market [2] - More than ten listed companies are competing in the six-dimensional force sensor sector, with companies like Donghua Testing and Minxin Co. actively developing and customizing sensors for various robot manufacturers [2][3] - Companies such as Haoshi Electromechanical and Zhongding Co. are focusing on the development of core components for humanoid robots, indicating a strategic shift towards this technology [3] Market Potential - The demand for six-dimensional force sensors is expected to surge due to the expanding application scenarios for humanoid robots, particularly in the aging economy and smart home sectors [5][8] - According to IDC, the commercial sales volume of humanoid robots in China is projected to reach approximately 2,000 units in 2024, with a global forecast of 18,000 units by 2025 [7] - The market for six-dimensional force sensors is anticipated to exceed hundreds of millions of yuan by 2030, with humanoid robots being the primary application area [8] Cost Reduction Strategies - The high production costs of six-dimensional force sensors stem from technical challenges, material costs, and limited application scale [9] - Companies are exploring MEMS technology to significantly reduce costs, as it allows for mass production of sensors [9] - The production line planned by Ice Zero Technology aims to achieve a capacity of 2 million units, potentially lowering the cost of six-dimensional force sensors to about one-tenth of the current industrial product price [10]

Core Viewpoint - The financial performance of San Yang Ma (001317) shows significant revenue growth but a decline in net profit, indicating potential challenges in profitability despite increased sales [1] Financial Performance - As of the first quarter of 2025, San Yang Ma reported total revenue of 373 million yuan, representing a year-on-year growth of 39.23% [1] - The net profit attributable to shareholders was 1.66 million yuan, a decrease of 126.25% year-on-year [1] - The non-recurring net profit was 1.99 million yuan, down 137.77% year-on-year [1] - The company's liquidity ratios are strong, with a current ratio of 1.823 and a quick ratio of 1.802 [1] - The asset-liability ratio stands at 54.01%, indicating a moderate level of debt [1] Stock Performance - As of August 11, 2025, the stock price of San Yang Ma was 48.85 yuan, with a daily increase of 0.7% [1] - The turnover rate was 9.96%, with a trading volume of 29,300 hands and a transaction amount of 144 million yuan [1] - There was a net outflow of main funds amounting to 13.94 million yuan, accounting for 9.7% of the transaction amount [1] Company Background - San Yang Ma (Chongqing) Logistics Co., Ltd. was established in 2005 and is primarily engaged in road transportation [2] - The company has a registered capital of 80.05 million yuan and a paid-in capital of 52 million yuan [1] - The legal representative of the company is Ren Min [1] - The company has made investments in 15 enterprises and participated in 49 bidding projects [2] - It holds 193 trademark registrations and has 224 administrative licenses [2]

证券代码：001317 证券简称：三羊马 公告编号：2025-062 债券代码：127097 债券简称：三羊转债 三羊马（重庆）物流股份有限公司（以下简称"公司"）2024 年第一次临时股 东大会 2024 年 12 月 30 日审议通过《关于使用部分发行可转换公司债券闲置募集资 金进行现金管理的议案》，公司拟使用额度（指授权期限内任一时点投资本金总额） 不超过人民币 150,000,000.00 元发行可转换公司债券闲置募集资金进行现金管理。 额度内的资金可循环滚动使用，取得的收益可进行再投资。授权董事长在额度内行使 决策权，授权财务负责人组织办理相关事项。授权期限为股东大会审议通过之日起 12 个月。具体内容详见公司在巨潮资讯网（http://www.cninfo.com.cn）上披露的 《2024 年第一次临时股东大会决议公告》《关于使用部分发行可转换公司债券闲置 募集资金进行现金管理的公告》。 | 实 | | 购 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 施 | 金额（元） | 买/ | 受托方 | 产品名称 | 产 ...

证券之星消息，8月5日铁路公路板块较上一交易日上涨0.37%，江西长运领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。铁路公路板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600561 | 江西长运 | 7.02 | 2.48% | 9.72万 | | 6794.01万 | | 001317 | 三丰司 | 48.56 | 2.02% | 3.40万 | | 1.65亿 | | 601107 | 四川成渝 | 5.71 | 1.78% | 21.76万 | | 1.23亿 | | 000557 | 西部创业 | 5.51 | 1.66% | - 10.26万 | | 5642.16万 | | 600012 | 皖通高速 | 16.11 | 1.64% | 3.92万 | | 6266.56万 | | 600020 | 中原高速 | 4.59 | 1.55% | 12.95万 | | 5917.96万 ...

证券代码：001317 证券简称：三羊马 公告编号：2025-059 一、董事会会议召开情况 三羊马（重庆）物流股份有限公司（以下简称"公司"）第四届董事会第二次会 议于 2025 年 8 月 4 日在重庆以现场结合通讯方式召开，会议通知已于 2025 年 8 月 1 日以邮件或书面方式向全体董事发出。会议由董事长召集并主持，应到董事 7 人，实 到董事 7 人,总经理列席会议，代行董事会秘书出席会议，公司其他非董事高级管理 人员不列席会议。会议召集、召开、议案审议程序等符合相关法律、行政法规、部门 规章、规范性文件和《公司章程》的有关规定。 二、会议议案审议及表决情况 会议以记名投票表决方式进行表决，形成决议如下： （一）审议通过《关于增加公司经营范围、修改 <公司章程> 及办理登记备案的议 案》 债券代码：127097 债券简称：三羊转债 三羊马（重庆）物流股份有限公司 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。 议案内容：因经营需要，公司拟在经营范围中增加"道路货物运输站经营"。基 于前述经营范围的增加，公司依据《公司法》等法律规则的有关规定对《公司 ...

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。 三羊马（重庆）物流股份有限公司（以下简称"公司"）第四届董事会第二次会 证券代码：001317 证券简称：三羊马 公告编号：2025-061 债券代码：127097 债券简称：三羊转债 三羊马（重庆）物流股份有限公司 关于召开 2025 年第三次临时股东会的通知 （二）会议的召集人：公司董事会。 （三）会议召开的合法、合规性：会议召集和召开符合相关法律、行政法规、部 门规章、规范性文件和《公司章程》的有关规定。 （四）会议召开的时间、日期： 议 2025 年 8 月 4 日审议通过《关于提请召开 2025 年第三次临时股东会的议案》，决 定 2025 年 8 月 25 日召开 2025 年第三次临时股东会。现将有关情况通知如下： 一、召开会议的基本情况 （一）股东会届次：2025 年第三次临时股东会。 （1）现场会议召开日期和时间：2025 年 8 月 25 日（星期一）14:30。 （2）互联网投票的日期和时间：深圳证券交易所交易系统投票时间为 2025 年 8 月 25 日 9:15—9:25；9:30—11 ...