北京中伦（杭州）律师事务所 关于华纬科技股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年四月 浙江省杭州市上城区钱江路 1366 号华润大厦 A 座 22 层 邮编：310020 22/F, Block A, China Resources Building, 1366 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang 310020, P.R. China 电话/Tel : +86 571 5692 1222 传真/Fax : +86 571 5692 1333 www.zhonglun.com 北京中伦（杭州）律师事务所 关于华纬科技股份有限公司 2024 年年度股东大会的 法律意见书 致：华纬科技股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》（以下简称"《公 司法》"）等相关法律、法规、规范性文件以及《华纬科技股份有限公司章程》 （以下简称"《公司章程》"）《华纬科技股份有限公司股东大会议事规则》的 规定，北京中伦（杭州）律师事务所（以下简称"本所"）接受华纬科技股份有 限公司（以下简称"公司"）的委托，就公 ...

2024年年度股东大会决议公告 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。 特别提示： 证券代码：001380 证券简称：华纬科技 公告编号：2025-046 华纬科技股份有限公司 1、本次股东大会无否决提案的情况； 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 1、会议召开时间： （1）现场会议召开时间为：2025 年 4 月 30 日（星期三）下午 14:30 （2）网络投票时间为： 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 4 月 30 日 9:15-9:25，9:30-11:30 和 13:00-15:00； 通过深圳证券交易所互联网投票系统（http://wltp.cninfo.com.cn）投票的具体 时间为：2025 年 4 月 30 日上午 9:15 至下午 3:00 期间的任意时间。 2、现场会议召开地点：浙江省诸暨市陶朱街道千禧路 26 号。 3、会议召开方式：本次会议采取现场表决与网络投票相结合的方式。 公司将通过深圳证券交易所交易系统和互联网投票系统向全体股东提供网 络形式的投 ...

事件：公司发布 2024 年年报及 2025 年第一季度报告，公司 2024 年实现营收18.6 亿元，同比 +49.7%，实现归母净利润2.3 亿元，同比+38.0%。 盈利预测：我们预计公司2025-2027 年归母净利润分别为2.9 亿元、3.6亿元和4.4 亿元，对应PE 分别20 倍、17 倍、13 倍。 风险因素：汽车销量不及预期、盈利能力不及预期、新车推出不及预期等。 7%，同比-1.7pct；归母净利率为12.2%，同比-1.0pct；对应归母净利润为2.3 亿元，同比+38.0%。 2025Q1 毛利率为25.0%，同比-0.8pct，环比-2.1pct；归母净利率为14.2%，同比+0.8pct，环比+2.6pct； 对应归母净利润为0.6 亿元，同比+57.4%，环比-12.5%。从费用率来看，2024 年销售/管理/研发/财务费 用率分别为3.2%/2.6%/4.8%/-0.2%，分别同比+0.1pct/-0.3pct/-0.1pct/+0.0pct；2025Q1 销售/管理/研发/财 务费用率分别为2.7%/2.7%/5.1%/0.0%，分别同比-0.6pct/-0.9pct/-0. ...

Investment Rating - The investment rating for Junhua Wei Technology (001380.SZ) is not explicitly stated in the provided documents, but the report indicates a positive outlook based on performance metrics and growth projections [2]. Core Insights - The company reported a revenue of 1.86 billion yuan in 2024, representing a year-on-year increase of 49.7%, and a net profit attributable to shareholders of 226 million yuan, up 38.0% year-on-year [2]. - In Q1 2025, the company achieved a revenue of 450 million yuan, a 47.4% increase year-on-year, but a 28.2% decrease quarter-on-quarter, with a net profit of 60 million yuan, reflecting a 57.4% year-on-year increase [2]. - The company is expanding its production capacity with significant investments in new projects, including a 900 million-unit annual production of new energy vehicle stabilizers and a 10,000-unit annual production of robot and engineering machinery springs [2]. - The company has a strong technical foundation with 20 national invention patents and 179 utility model patents, and it has established deep ties with quality clients such as BYD, Geely, and international suppliers [2]. Financial Summary - The total revenue for 2023 was 1.24 billion yuan, with a growth rate of 39.6%. The projected revenue for 2025 is 2.29 billion yuan, with a growth rate of 22.9% [4]. - The net profit attributable to shareholders for 2023 was 164 million yuan, with a year-on-year growth of 45.6%. The projected net profit for 2025 is 288 million yuan, reflecting a growth rate of 27.1% [4]. - The gross margin for 2024 was 25.7%, slightly down from 27.2% in 2023, while the return on equity (ROE) is expected to increase from 10.9% in 2023 to 15.1% in 2025 [4].

证券代码：001380 证券简称：华纬科技 公告编号：2025-045 华纬科技股份有限公司 关于 2025 年员工持股计划完成非交易过户 暨回购股份处理完成的公告 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、误导性陈述或者重大遗漏。 华纬科技股份有限公司（以下简称"公司"）分别于2025年2月25日、2025 年3月13日召开第三届董事会第二十次会议和2025年第二次临时股东大会，审议 通过了《关于<公司2025年员工持股计划（草案）>及其摘要的议案》、《关于< 公司2025年员工持股计划管理办法>的议案》、《关于提请股东大会授权董事会 办理公司2025年员工持股计划相关事宜的议案》，具体内容详见公司于2025年2 月26日、3月14日在巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 2025年4月29日，公司收到中国证券登记结算有限责任公司深圳分公司出具 的《证券过户登记确认书》，公司回购专用证券账户所持有的公司股票585,124 股已于2025年4月28日以非交易过户形式过户至公司开立的"华纬科技股份有限 公司－2025年员工持股计划"专户，占公司目前总股 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) with an expectation of a relative increase of over 15% in the stock price compared to the benchmark index within the next 6 to 12 months [7] Core Views - The company reported a revenue of 450 million yuan in Q1 2025, representing a year-on-year increase of 47.4%, and a net profit attributable to shareholders of 60 million yuan, up 57.4% year-on-year [3][4] - The growth is driven by the release of production capacity and strong customer demand for suspension system components, including suspension springs and stabilizers [4] - The company has established strong partnerships with well-known domestic automotive brands and suppliers, including BYD and Geely, which supports stable performance [4] - The company is advancing its global strategy, with significant investments planned for production bases in Germany, Mexico, and Morocco, aiming to enhance market share and meet regional demand [4] Financial Summary - The company forecasts revenue growth from 1,860 million yuan in 2024 to 3,368 million yuan in 2027, with year-on-year growth rates of 50%, 24%, 22%, and 20% respectively [2] - Net profit attributable to shareholders is projected to grow from 226 million yuan in 2024 to 438 million yuan in 2027, with corresponding growth rates of 38%, 25%, 26%, and 23% [2] - The earnings per share (EPS) is expected to increase from 1.24 yuan in 2024 to 2.40 yuan in 2027 [2] - The company maintains a healthy financial position with a projected net profit margin of approximately 12.6% in 2024, improving to 13.5% by 2027 [6]

Group 1 - The company reported a total operating revenue of 450 million yuan for Q1 2025, representing a year-on-year growth of 47.36%, and a net profit attributable to shareholders of 64 million yuan, up 57.43% year-on-year [1] - The company is recognized as one of the leading spring manufacturers in China, with strong R&D capabilities and advanced production technology, enabling it to meet the high-performance requirements of automotive components [1][2] - The company has established stable partnerships with well-known domestic and international automotive brands and component suppliers, enhancing its brand image and market position [1][2] Group 2 - The spring industry plays a crucial role in various sectors, including automotive, industrial machinery, and aerospace, with the company's products directly impacting the reliability of end devices [2] - The company has expanded its product applications into new fields such as rail transportation, industrial robots, and agricultural machinery, reflecting its growth and diversification strategy [2] - The company has seen a year-on-year increase in sales of suspension system components, with a growing market share in domestic suspension springs and stabilizer bars [2] Group 3 - The company has developed 20 national invention patents and 179 utility model patents, showcasing its strong commitment to innovation and technology development [3] - The company is set to implement a global strategy in 2024, establishing a presence in Germany, Mexico, and Morocco to create an international network for technology R&D and smart manufacturing [3] - The company aims to achieve global coverage of technology and supply chains, aligning with the trend of lightweight and intelligent upgrades in the new energy vehicle industry [3]

Core Insights - Huawei Technology (stock code: 001380) reported strong growth in its 2024 annual report, with operating revenue reaching 1.86 billion yuan, a year-on-year increase of 49.67%, and net profit attributable to shareholders at 226 million yuan, up 38% [2] - The company's impressive performance is attributed to its focus on core business, continuous innovation in new technologies and processes, and significant R&D investment of 89.68 million yuan, which grew by 45.43% compared to 2023 [2] - Huawei Technology has established a strong technical foundation with 20 national invention patents and 179 utility model patents, excelling in spring steel wire quenching processes, induction heat treatment technology, spring product design, and inspection [2] Strategic Developments - Since its listing in 2023, the company has been expanding into overseas markets, with its global strategy beginning to show results in 2024 [3] - In 2025, the company plans to continue its "local to global" strategy by establishing a presence in Germany, Mexico, and Morocco, creating an international network covering technology R&D, smart manufacturing, and regional supply chains [3] - The establishment of a R&D and overseas market center in Germany will focus on intelligent suspension systems and advanced manufacturing processes, enhancing communication with European clients [3] - The dual production bases in Mexico and Morocco will serve as strategic points in response to global supply chain needs and geopolitical factors, helping to shorten delivery times and strengthen supply chain resilience [3] Future Outlook - With a focus on technological innovation, sound financials, and forward-looking strategies, Huawei Technology is transitioning from "Made in China" to a "World-Class Supplier" [3] - The company's overseas expansion is expected to provide new momentum for revenue growth and demonstrate significant potential for sustainable long-term development [3] - In the context of the reshaping of the global high-end manufacturing landscape, Huawei Technology is positioned to become a prominent "Chinese Intelligent Manufacturing" star [3]

Group 1 - The company reported a total operating revenue of 450 million yuan for Q1 2025, representing a year-on-year growth of 47.36% [1] - The total profit reached 73 million yuan, with a year-on-year increase of 63.35% [1] - The net profit attributable to shareholders was 64 million yuan, showing a year-on-year growth of 57.43% [1] Group 2 - The company has established a competitive advantage in the spring industry through years of deep cultivation, focusing on technology, manufacturing, and customer resources [1] - Current capacity expansion projects are progressing smoothly, including an annual production capacity of 80 million high-performance springs and surface treatment upgrades, with an investment of 140 million yuan completed by the end of 2024 [1] - The high-precision new energy vehicle suspension spring intelligent production line project has seen an investment of 110 million yuan, with expected benefits of 18.23 million yuan in 2024 [1] Group 3 - The company is accelerating its domestic industrial layout and optimizing its material and product supply chain to enhance production efficiency and reduce logistics costs [2] - In 2024, the company initiated a global strategy, establishing a presence in Germany, Mexico, and Morocco, focusing on local production to respond to global supply chain restructuring [2] - The company aims to build a global network covering R&D, manufacturing, and supply chain, seizing opportunities for high-quality development and continuous performance growth [2]