上海威尔泰工业自动化股份有限公司（以下简称"公司"）第九届董事会第 六次（临时）会议于 2025 年 5 月 9 日以电子邮件形式发出会议通知，于 2025 年 5 月 9 日下午以通讯的方式召开，经公司全体董事同意，本次会议豁免提前三日 通知。本次会议应到董事 9 人，实到董事 9 人，会议的召开与表决程序符合《中 华人民共和国公司法》和《公司章程》的有关规定。公司全体监事、高级管理人 员及证券事务代表均列席参加了本次会议。本次会议由董事长陈衡先生主持，与 会董事经过讨论，审议并通过了如下议案： 《关于拟收购上海紫燕机械技术有限公司 49%股权暨关联交易的议案》 公司拟以现金方式收购控股子公司上海紫燕机械技术有限公司少数股东持 有的紫燕机械 49%股权。本次交易对价合计为人民币 4,248.82 万元。议案的详细 情况请见在 2025 年 5 月 10 日《证券时报》《上海证券报》及公司指定信息披露 网站 http://www.cninfo.com.cn 刊登的《关于拟收购上海紫燕机械技术有限公司 49%股权暨关联交易的公告》。 关联董事陈衡、李彧、夏光、刘宇锋回避表决。 表决结果：同意 5 票；反对 0 ...

上海威尔泰工业自动化股份有限公司 上海威尔泰工业自动化股份有限公司 第九届董事会2025年第三次独立董事专门会议决议 独立董事专门委员会 上海威尔泰工业自动化股份有限公司（以下简称"公司"）于2025年5月9 日下午以通讯方式召开了第九届董事会2025年第三次独立董事专门会议。本次会 议应到独立董事3人，实到董事3人。本次会议由公司独立董事专门会议召集人于 梅女士召集并主持，本次会议的通知及召开均符合《中华人民共和国公司法》《上 市公司独立董事管理办法》等法律法规及《公司章程》的有关规定，会议合法有 效。与会独立董事审议通过了如下议案： 2025 年 5 月 9 日 一、审议通过《关于拟收购上海紫燕机械技术有限公司 49%股权暨关联交易的议 案》 经审议，独立董事认为：本次公司收购上海紫燕机械技术有限公司49%股权 暨关联交易系基于公司战略布局规划结合自身资金情况而做出的审慎决定。标的 股权的定价公允、合理，符合公司及其全体股东利益，不存在损害中小股东利益 的情况。我们一致同意公司本次公司收购上海紫燕机械技术有限公司49%股权暨 关联交易事项，并将该事项提交公司董事会审议。 表决结果：同意 3 票；反对 0 ...

Core Insights - A-share listed companies demonstrated strong resilience in 2024, with total operating revenue reaching 62.33 trillion yuan, a year-on-year increase of 0.57%, and net profit attributable to shareholders of 5.06 trillion yuan, up 1.05% [1][2] - The growth was primarily driven by advancements in artificial intelligence (AI) technology, which significantly boosted demand in sectors such as GPU, PCB, and storage chips [2][3] - Despite overall growth, non-financial companies faced challenges, with a slight decline in revenue and a notable drop in net profit [1][3] Financial Performance - Among the 5402 listed companies, 4029 reported positive earnings, with 548 companies achieving over 100% growth in net profit [2] - The chemical company Zhengdan achieved a remarkable 119-fold increase in net profit, driven by soaring TMA prices due to supply-demand imbalances [2][3] - The semiconductor sector saw significant profit increases, with companies like Zhaoyi Innovation and Weir Shares reporting net profit growth of 584.21% and 498.11%, respectively [3] Sector Analysis - The AI sector is identified as a key growth driver, with companies in the GPU, PCB, and optical module industries experiencing substantial performance improvements [2][3] - The consumer electronics market is also rebounding, with a reported 5.6% year-on-year increase in smartphone shipments in China [3][4] International Expansion - A total of 3653 listed companies reported overseas revenue of 9.43 trillion yuan, accounting for approximately 20% of their total revenue [6][7] - Companies like Luxshare Precision and BYD achieved over 100 billion yuan in overseas revenue, with notable growth in emerging markets [6][7] - The internationalization strategies include local market investments and partnerships, particularly in Africa and the Middle East [7][8] Challenges and Losses - Despite overall positive performance, 124 companies reported net losses exceeding 1 billion yuan, with the real estate sector being particularly affected [9][10] - Vanke A led the loss rankings with a staggering 494.78 billion yuan loss, highlighting the difficulties faced in the real estate market [9][10] - The energy sector, including solar and lithium companies, also reported significant losses due to overcapacity and intensified competition [10] Regulatory Environment - The introduction of stricter delisting regulations is expected to normalize the delisting process, with 52 companies delisted in 2024 [11][12] - New rules include higher thresholds for financial delisting criteria, aiming to enhance market stability and protect investor interests [11][12]

Group 1 - The implementation of new delisting regulations has led to a significant number of companies on the main board facing delisting risk warnings due to net profit losses and revenues below 300 million yuan [1][3] - As of April 29, a total of 48 companies have triggered financial delisting indicators, primarily in the social services, machinery, and textile industries, indicating prolonged losses and ineffective business transformations [3] - The new regulations aim to accurately identify "shell companies" and accelerate the elimination of poor-performing firms, thereby directing capital towards stable and fundamentally sound enterprises [3][4] Group 2 - The revenue threshold for delisting has been raised from 100 million yuan to 300 million yuan, intensifying the elimination of "zombie companies" [4] - *ST Longjin serves as a typical case under the new regulations, having been suspended due to continuous losses and revenues below 300 million yuan, with its revenue hovering around 100 million yuan from 2022 to 2024 [4] - The synergy between the new delisting rules and the comprehensive registration system is becoming evident, ensuring the effective operation of the capital market's survival of the fittest mechanism [4]

Summary of Key Points Core Viewpoints - The report highlights the ongoing trend of stock suspensions due to delisting risk warnings across multiple companies, indicating a potential downturn in market confidence and stability [2][3][4]. Company Listings - Several companies are scheduled for initial public offerings (IPOs) on April 29, 2025, including Tai Li Technology (301595) and Ze Run New Energy (301636), which may attract investor interest [1]. - The report notes the specific dates for various IPO-related activities, such as inquiry periods and fund unfreezing dates, which are crucial for market participants [1]. Stock Suspension Announcements - Numerous companies, including Guohua Network Security (000004) and Nanhua Biology (000504), have announced stock suspensions due to delisting risk warnings, reflecting a significant concern regarding their financial health [2][3]. - The report lists a total of 30 companies facing stock suspensions on April 29, 2025, due to various risk warnings, which may impact investor sentiment and trading volumes [2][3][4]. Special Suspensions - Companies like *ST Xu Lan (000040) and *ST Gong Zhi (000584) are highlighted for potential termination of listings, indicating severe financial distress and regulatory scrutiny [4][5]. - The report emphasizes the importance of monitoring these companies as their situations evolve, which could present both risks and opportunities for investors [4][5].

Regulatory Developments - The China Securities Association is seeking opinions on guidelines aimed at preventing securities practitioners from engaging in illegal trading activities, including insider trading and market manipulation [1] - The guidelines are intended to strengthen the management of industry personnel and promote a culture of compliance within the financial sector [1] Macro News - The Chinese Foreign Ministry confirmed that there have been no recent communications between the leaders of China and the United States, contradicting claims made by former President Trump [2] Industry Dynamics - The Ministry of Industry and Information Technology released key points for automotive standardization work for 2025, focusing on advanced technology standards and new areas such as artificial intelligence and solid-state batteries [3] - The National Medical Products Administration issued quality management regulations for online sales of medical devices, effective from October 1, 2025, to enhance industry accountability [5] Company News - Zhengzhou Coal Machine Company plans to change its name to "Zhongchuang Zhiling (Zhengzhou) Industrial Technology Group Co., Ltd." to better reflect its strategic direction [6] - Seres plans to go public in Hong Kong with a projected revenue of 145.1 billion yuan for 2024, a year-on-year increase of 305.5%, and aims to become a leading luxury electric vehicle brand [6] - Unigroup plans to issue H-shares and list on the Hong Kong Stock Exchange, considering the interests of existing shareholders [6] - Saitex New Materials announced that its chairman will voluntarily forgo salary, and several executives will reduce their salaries by 20% for the remainder of 2025 [7] - Jiayuan Technology's chairman is under investigation, and the company has arranged for the vice chairman to assume responsibilities during this period [7] - Lifan Technology is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [8] - Baidu's stock will be suspended for one day and will be renamed "*ST Baidu" due to negative net profit for 2024 [9] - Nanchuan Co. will also change its stock name to "ST Nanchuan" following a negative audit report [10] - Weitai will change its stock name to "*ST Weitai" and suspend trading for one day due to risk warnings [11] - ST Xinchao expects to miss the deadline for its annual report, which may lead to trading suspension [12] - XCMG plans to repurchase shares worth between 300 million and 600 million yuan [14] - SF Holding intends to repurchase shares worth between 500 million and 1 billion yuan [15] - Midea Group received a commitment from China Bank for a stock repurchase loan of up to 1 billion yuan [15] - Yitu Co. plans to repurchase up to 10% of its H-shares [16] - Beiqi Blue Valley reported a net loss of 953 million yuan in Q1 2025, despite a 150.75% increase in revenue [17] - Zhonggang Luoyang reported a 117% increase in net profit in Q1 2025, driven by revenue growth [18] - Yanghe Distillery's Q1 2025 net profit decreased by 39.93% due to market conditions [19] - CICC reported a 65% increase in net profit in Q1 2025, attributed to increased investment income [20] - WuXi AppTec's Q1 2025 net profit increased by 89.06% [21] - Lao Fengxiang's Q1 2025 net profit decreased by 24% due to declining sales [22]

二、参加独立董事专门会议及发表独立意见情况 （一）第八届董事会2024年第一次独立董事专门会议 2024年4月25日召开公司第八届董事会2024年第一次独立董事专门会议，会 议审议并全票通过如下议案： 1、关于2023年度利润分配的预案 上海威尔泰工业自动化股份有限公司 2024年度独立董事述职报告 本人作为上海威尔泰工业自动化股份有限公司（以下简称"公司"）的独立董 事，严格按照《中华人民共和国公司法》、《中华人民共和国证券法》、《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》等法律、法规和《公司 章程》的规定，认真履行职责，充分发挥独立董事的独立作用，维护了公司整体利 益，维护了全体股东尤其是中小股东的合法权益。根据《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》的要求，现将2024年度本人履行 独立董事职责工作情况述职如下： 一、参加会议情况： 2024年度，在本人任职期间，公司董事会共召开了4次会议，其中3次为现场结 合通讯会议，1次为通讯会议，本人1次现场出席会议，3次通过通讯参加会议。 2024年度，在本人任职期间，作为薪酬与考核委员会召集人，主持召开了2次 薪 ...

上海威尔泰工业自动化股份有限公司 2024年度独立董事述职报告 本人作为上海威尔泰工业自动化股份有限公司（以下简称"公司"）的独 立董事，严格按照《中华人民共和国公司法》、《中华人民共和国证券法》、 《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》等法律、 法规和《公司章程》的规定，认真履行职责，充分发挥独立董事的独立作用， 维护了公司整体利益，维护了全体股东尤其是中小股东的合法权益。根据《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》的要 求，现将2024年度本人履行独立董事职责工作情况述职如下： 一、参加相关会议情况： 2024年度，在本人任职期间，公司董事会共召开了4次会议，其中3次为现 场结合通讯会议，1次为通讯会议，本人1次现场出席会议，3次通过通讯参加会 议。 2024年度，本人任职期间，作为审计委员会召集人，主持召开了3次审计委 员会会议；作为战略委员会及提名委员会成员，参加了全部公司战略委员会及 提名委员会的会议。 二、参加独立董事专门会议及发表独立意见情况 2、关于为全资子公司上海威尔泰仪器仪表有限公司提供担保额度预计的议案 本次担保额度预计事项为拟对全资下 ...

上海威尔泰工业自动化股份有限公司 2024年度独立董事述职报告 本人作为上海威尔泰工业自动化股份有限公司（以下简称"公司"）的独立董 事，严格按照《中华人民共和国公司法》、《中华人民共和国证券法》、《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》等法律、法规和《公司 章程》的规定，认真履行职责，充分发挥独立董事的独立作用，维护了公司整体利 益，维护了全体股东尤其是中小股东的合法权益。根据《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》的要求，现将2024年度本人履行 独立董事职责工作情况述职如下： 2024年度，在本人任职期间，作为提名委员会召集人，主持召开了1次提名委 员会会议；作为薪酬与考核委员会成员，参加了全部公司薪酬与考核委员会的会 议。 二、参加独立董事专门会议及发表独立意见情况 （一）第八届董事会2024年第一次独立董事专门会议 2024年4月25日召开公司第八届董事会2024年第一次独立董事专门会议，会 议审议并全票通过如下议案： 1、关于2023年度利润分配的预案 本次拟不转增、不分配。本次利润分配预案符合《公司章程》的规定和公 司长远利益，同时也符合中国证 ...

上海威尔泰工业自动化股份有限公司 2024年度独立董事述职报告 本人作为上海威尔泰工业自动化股份有限公司（以下简称"公司"）的独立董 事，严格按照《中华人民共和国公司法》、《中华人民共和国证券法》、《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》等法律、法规和《公司 章程》的规定，认真履行职责，充分发挥独立董事的独立作用，维护了公司整体利 益，维护了全体股东尤其是中小股东的合法权益。根据《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》的要求，现将2024年度本人履行 独立董事职责工作情况述职如下： 一、参加会议情况： 2024年度，在本人任职期间，公司董事会共召开了3次会议，其中2次为现场结 合通讯会议，1次为通讯会议，本人1次现场出席会议，2次通过通讯参加会议。 二、参加独立董事专门会议及发表独立意见情况 （一）第九届董事会2024年第一次独立董事专门会议 2024年10月10日召开公司第九届董事会2024年第一次独立董事专门会议， 会议审议并全票通过如下议案： 1、关于聘任公司总经理的议案 同意聘任殷骏先生担任公司总经理，任期与公司第九届董事会任期一致， 相关任职资格及 ...