法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于 横店集团东磁股份有限公司 2024 年年度股东大会的 法律意见书 浙江天册律师事务所 关于横店集团东磁股份有限公司 2024 年年度股东大会的 法律意见书 编号：TCYJS2025H0478 号 致：横店集团东磁股份有限公司 法律意见书 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司 法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司股东大会规则》 （以下简称"《股东大会规则》"）等法律、法规和其他有关规范性文件的要求，浙江 天册律师事务所（以下简称"本所"）接受横店集团东磁股份有限公司（以下简称"横 店东磁"或"公司"）的委托，指派本所律师参加横店东磁 2024 年年度股东大会，并 出具本法律意见书。 本法律意见书仅供横店东磁 2024 年年度股东大会之目的使用。本所律师同意将 本法律意见书随横店东磁本次股东大会其他信息披露资料一并公告。 本所律师根据《股东大会规则》第五条的要 ...

Investment Rating - The report assigns an "Accumulate" rating for the company for the first time [5][44]. Core Viewpoints - The company demonstrates resilience in its 2024 performance, achieving a revenue of 18.56 billion yuan, a decrease of 5.9% year-on-year, while net profit increased by 0.5% to 1.83 billion yuan [7][12]. - The company is positioned as a leader in differentiated competition within the photovoltaic industry, with significant benefits expected from its production capacity in Indonesia [7][21]. - The magnetic materials business remains robust, with a sales volume of 232,000 tons in 2024, reflecting a year-on-year growth of 16.9% [7][31]. - The lithium battery segment is rapidly expanding, with revenue growing from 470 million yuan in 2020 to 2.42 billion yuan in 2024, achieving a compound annual growth rate of 50.9% [7][35]. Summary by Sections Company Overview - The company, founded in 1980, is a leading global manufacturer of magnetic materials and has expanded into the photovoltaic and lithium battery sectors, forming a dual-driven business model [10]. Financial Performance - In 2024, the company reported a revenue of 18.56 billion yuan and a net profit of 1.83 billion yuan, with a significant turnaround in Q4, where revenue reached 4.98 billion yuan, up 25.4% year-on-year [7][12]. Photovoltaic Business - The company has established a strong presence in the photovoltaic market, with a production capacity of 23 GW for solar cells and 17 GW for modules by the end of 2024, and expects to ship 20 GW in 2025 [21][26]. - The company has successfully implemented a differentiated product strategy, including the production of all-black modules, which have gained high recognition in markets such as Europe and Japan [23][26]. Magnetic Materials Business - The company is the largest producer of ferrite magnetic materials globally, with a production capacity of 290,000 tons and a sales volume of 232,000 tons in 2024 [31][33]. - The company focuses on developing new materials and continuously iterating products to meet the demands of various applications, including AI servers and electric vehicles [33]. Lithium Battery Business - The lithium battery segment has seen rapid growth, with a sales volume of 530 million units in 2024, primarily driven by demand from electric two-wheelers [35][37]. - The company anticipates continued growth in the lithium battery sector, targeting over 600 million units in 2025 [35]. Profit Forecast and Valuation - The company is projected to achieve revenues of 25 billion yuan in 2025, with net profits of 1.97 billion yuan and an EPS of 1.21 yuan [42].

Investment Rating - The report maintains a "Buy" rating for several companies, including Aishuo Co., Longi Green Energy, and others, with ratings ranging from A to B [1][8]. Core Insights - The solar industry is experiencing structural price increases in the supply chain, influenced by recent events such as the earthquake in Myanmar affecting silicon wafer production [1][6]. - The utilization rate of photovoltaic (PV) systems in February 2025 was reported at 93.4%, indicating strong performance in the sector [2][3]. - The Chinese government is enhancing policies for renewable energy pricing, aiming to optimize market mechanisms for electricity transactions [1][2]. Summary by Sections Investment Recommendations - Key stocks recommended for investment include Aishuo Co. and Longi Green Energy for new technology, and companies like Fulete and Hongdian Dongci for supply-side improvements [1][8]. Market Performance - The report notes that the solar industry has shown resilience, with a significant number of new PV projects being registered, totaling 4,000 in February 2025 [2][3]. Price Tracking - The average price of polysilicon remains stable at 40.0 CNY/kg, while silicon wafer prices have seen slight increases due to supply chain disruptions [4][6][7]. - The average price for M10 solar cells is reported at 0.31 CNY/W, with expectations for further price increases due to rising demand [7]. Policy Developments - The National Energy Administration has issued guidelines for renewable energy green power certificate issuance, which will impact the market dynamics for renewable energy projects [3].

证券代码：002056 证券简称：横店东磁 公告编号：2025-031 横店集团东磁股份有限公司 关于回购公司股份的进展公告 一、回购股份的进展情况 截至 2025 年 3 月 31 日，公司以集中竞价方式已累计回购公司股份 24,702,278 股，占公司总股本的 1.52%，最高成交价为 14.46 元/股，最低成交价为 11.11 元/ 股，已使用资金总额 328,426,247.26 元（不含交易费用）。本次回购符合相关法 律、行政法规的要求，符合公司既定的回购方案。 二、其他说明 （一）公司回购股份的时间、回购股份的数量、回购股份的方式等符合《公 司回购股份报告书》； （二）公司回购股份价格均未超过回购方案规定的价格上限，回购资金来源 为公司自有资金，回购金额未超过回购方案规定的资金总额上限； （三）公司回购股份的时间、回购股份的数量及集中竞价交易的委托时段符 合《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的相关规定： 1、公司未在下列期间内回购公司股份： 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。 横店集团东磁股份有限公司（以下 ...

Group 1: Company Development Plans - The company aims for dual growth in revenue and profit for 2025, focusing on increasing market share in the magnetic materials sector and expanding its global footprint in the photovoltaic industry [4] - The company plans to enhance production capacity in the lithium battery sector through increased investment in technological upgrades [4] Group 2: Financial Performance - In Q4 of the previous year, the company achieved a record net profit of 900 million yuan, indicating strong potential and capability [4] - The company expects a year-on-year increase in sales volume across major sectors in Q1 2025 [6][7] Group 3: Market Trends and Projections - The magnetic materials industry is in a mature phase, with expected annual growth rates of approximately 3% for permanent magnets and 8% for soft magnetic materials over the next few years [8] - The company anticipates that the domestic photovoltaic market will account for about 40% of its total sales in 2025, with an expected total output of around 20 GW [20] Group 4: Product Applications and Innovations - The company's magnetic materials are widely used in various sectors, including automotive, home appliances, consumer electronics, and industrial power supplies [9] - The company is focusing on high-performance, differentiated products to meet the growing demand in sectors like AI and electric vehicles [8][10] Group 5: Strategic Initiatives - The company is pursuing a dual-drive strategy that includes both magnetic materials and renewable energy, with plans to expand into lithium batteries and energy storage [5] - The company is also investing in overseas production capabilities in Vietnam and Thailand to meet international demand [11][29] Group 6: Financial Management and Shareholder Value - The company plans to enhance shareholder returns through improved operational quality, share buybacks, and increased dividends [46] - The company has no immediate financing needs due to sufficient cash flow and moderate capital expenditure plans [30]

横店集团东磁股份有限公司 关于为全资子公司提供担保的进展公告 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：截至本公告披露日，公司为下属公司提供担保总余额为39,433.66 万元，占公司最近一期经审计净资产的3.91%。公司及下属公司不存在为合并报 表范围外单位提供担保，也不存在逾期担保。 一、提供担保进展概述 证券代码：002056 证券简称：横店东磁 公告编号：2025-030 （一）担保进展 近日，横店集团东磁股份有限公司（以下简称"公司"） 签订了《最高额 不可撤销担保书》，为公司全资子公司 DMEGC Renewable Energy B.V 与招商银 行股份有限公司海口分行签订的《授信协议》项下所欠的所有债务承担连带保证 责任，最高保证金额为人民币 5,000 万元，保证期限自 2025 年 3 月 18 日起至 2027 年 3 月 17 日止。 近日，公司为全资子公司 DMEGC Renewable Energy B.V 开具预付款保函而 承担连带保证责任，累计提供担保金额约人民币 308.09 万元（按当日汇率结算）， 最晚一笔 ...

Investment Rating - The report maintains a "Synchronize with the market - A" rating for the solar energy industry [2]. Core Viewpoints - In the first two months of 2025, the domestic photovoltaic (PV) installed capacity reached approximately 39.47 GW, representing a year-on-year growth of 7.5%, although it saw a month-on-month decline of 44.2% compared to December 2024 [12][2]. - The export value of PV components in January and February 2025 was 164.6 billion and 119.6 billion respectively, showing a year-on-year decline of 31.6% for the cumulative export value [15][3]. - The solar power generation in the first two months of 2025 increased by 27.4% year-on-year, accounting for 4.85% of the total national power generation [37][5]. Summary by Sections 1. Installed Capacity - The domestic PV installed capacity for January and February 2025 was approximately 39.47 GW, with a year-on-year increase of 7.5% and a month-on-month decrease of 44.2% [12][2]. 2. Exports - The export value of PV components in January and February 2025 was 164.6 billion and 119.6 billion respectively, with year-on-year declines of 24.1% and 39.8% [15][3]. - The cumulative export value for the first two months was 284.2 billion, reflecting a year-on-year decrease of 31.6% [15][3]. 3. Inverter Exports - In January and February 2025, the inverter export value was 44.1 billion and 32.6 billion respectively, with year-on-year increases of 9.7% and 2.5% [26][4]. - The cumulative export value for inverters in the first two months was 76.7 billion, showing a year-on-year growth of 6.5% [26][4]. 4. Solar Power Generation - The solar power generation in the first two months of 2025 was 724.1 billion kWh, marking a year-on-year increase of 27.4% [37][5]. - This generation accounted for 4.85% of the total national power generation, which was 14,921 billion kWh, reflecting a year-on-year decrease of 1.3% [37][5]. 5. Investment Recommendations - Key recommendations include focusing on new technology directions with companies like Aiko Solar and Longi Green Energy, supply-side improvements with companies like Flat Glass Group, and overseas expansion with companies such as Hengdian Group and Sungrow Power Supply [41][5].

Group 1 - The core viewpoint of the news is that Hengdian East Magnetic (002056.SZ) has reported a decrease in the proportion of shares held by the top ten institutional investors, indicating a potential shift in investor sentiment [1] - As of March 26, 2025, a total of 17 institutional investors hold 966 million shares of Hengdian East Magnetic, accounting for 59.36% of the total share capital [1] - The top ten institutional investors collectively hold 58.67% of the shares, which is a decrease of 1.53 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, three public funds have reduced their holdings compared to the previous quarter, with a total reduction rate of 0.66% [2] - Two new public funds have disclosed their holdings this period, including E Fund Environmental Theme Mixed A and Zhongtai CSI 500 Index Enhanced A [2] - One foreign fund, Hong Kong Central Clearing Limited, has also reduced its holdings by 0.32% compared to the previous quarter [2]

Company and Industry Summary Company: 横店东磁 (Yongdian Dongci) Key Points on Company Performance and Strategy - **Photovoltaic Business Growth**: 横店东磁 has invested 260 million yuan in a 100 MW solar monocrystalline silicon wafer project since 2009, with photovoltaic business revenue accounting for 53% of total revenue by 2020. In 2023, the company achieved a unit profit of 0.31 yuan per watt, outperforming the industry average, indicating a strong position in the photovoltaic sector [3][4][5]. - **European Market Contribution**: The European market represents approximately 40% of 横店东磁's overall business. Despite a slowdown in growth in 2024, steady growth is expected in 2025 due to the rollout of centralized projects and reduced domestic supply, which will support price recovery [4][5]. - **U.S. Market Expansion**: Starting from Q4 2024, the U.S. market has become a new growth point, with expected shipments exceeding 3.5 to 4 GW in 2025. The unit profit for battery cells is anticipated to rise due to the impact of anti-dumping policies [4][6][7]. - **Domestic Market Development**: The company has significantly increased its domestic shipment volume, achieving nearly tenfold growth while maintaining profitability. It has also expanded into power station projects to further secure profits [4][8]. - **Technological Innovation in Photovoltaics**: 横店东磁 aims to enhance component efficiency, targeting a power output increase to around 650 watts in 2025. This includes various technological upgrades to improve product competitiveness [4][9]. - **Lithium Battery Business Growth**: Since 2015, the company has developed its lithium battery business, achieving a 56% year-on-year increase in shipments in 2024. The gross profit margin improved to 12.7%, marking a turnaround from previous losses [4][10][11]. - **Strategic Focus on Solid-State Batteries**: In 2025, the company plans to push for the introduction of solid-state battery technology to enhance the sustainability of its new energy materials [10][11]. - **Magnetic Materials and Devices**: The magnetic materials segment remains a stable revenue source, with the company maintaining a leading position in the market. Recent acquisitions have bolstered its capabilities in emerging applications [4][12][13][14]. Future Outlook - **Long-Term Growth Potential**: 横店东磁's strategic foresight and early investments in various sectors position it well for future growth. The company is expected to benefit from increasing demand in the new energy vehicle and AI sectors, alongside contributions from the photovoltaic market [4][15]. - **Resilience Amid Industry Fluctuations**: Despite potential industry volatility, 横店东磁 has demonstrated resilience and achieved growth, making it a company worth considering for long-term investment [4][15].

横店东磁: 关于第三期员工持股计划第一期锁定期 届满后履行自愿锁定股份承诺的公告 证券代码：002056 证券简称：横店东磁 公告编号：2025-029 横店集团东磁股份有限公司 （二）承诺的内容 ）于近日收到公司第三期员工 持股计划管理委员会出具的《关于自愿锁定股份的承诺函》，基于对公司未来发 展的信心，持有人承诺自愿将第三期员工持股计划第一个解锁期所获解锁的 一、承诺的基本情况 （一）本次锁定股份的基本情况 公司于 2025 年 3 月 25 日召开第九届董事会第二十次会议，审议通过《公司 关于第三期员工持股计划第一个解锁期解锁条件成就的议案》。公司第三期员工 持股计划首次授予部分第一个解锁期解锁条件已经成就，具体内容详见公司于 关公告。 公司第三期员工持股计划第一个解锁期解锁条件成就后获解锁的股份数量 为 3,852,000 股，解锁比例为首次授予份额的 30%，占公司总股本的 0.24%。 关于第三期员工持股计划第一期锁定期届满后 履行自愿锁定股份承诺的公告 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。 横店集团东磁股份有限公司（以下简称"公司" 公 ...