Core Viewpoint - Jiangsu Guotai announced a performance briefing on April 29, 2025, highlighting the company's ongoing growth in revenue and addressing challenges in its business segments [1]. Group 1: Financial Performance - In Q1 2025, Jiangsu Guotai reported a main revenue of 8.875 billion, an increase of 9.63% year-on-year [3]. - The net profit attributable to shareholders was 242 million, reflecting a year-on-year increase of 13.81% [3]. - The company's non-recurring net profit was 237 million, up 8.13% year-on-year [3]. - The debt ratio stood at 49.31%, with investment income of 54.465 million and financial expenses of 43.8403 million [3]. - The gross profit margin was recorded at 15.63% [3]. Group 2: Business Strategy and Operations - The company has seen its clothing exports surpass domestic sales, with sufficient orders in overseas factories [2]. - The management plans to focus on high-quality sustainable development, enhancing supply chain services and chemical new energy as core business areas [2]. - Strategies include deepening the integration of trade, manufacturing, and technology, expanding market reach, and innovating business models [2]. - The company aims to optimize product types and improve technical services while expanding both domestic and international operations [2]. - Jiangsu Guotai is also investing in a design center in Shanghai, which will support innovation and research for its subsidiaries [2]. Group 3: Competitive Landscape - Jiangsu Guotai identifies its direct competitor as Shenzhou International, noting differences in product positioning and customer categories [2]. - The company plans to mitigate tariff impacts by diversifying its market presence and enhancing its global supply chain [2]. - Emphasis is placed on product innovation, green production standards, and establishing a robust risk management system [2]. Group 4: Market Sentiment and Analyst Ratings - Over the past 90 days, two institutions have rated the stock as a buy, with an average target price of 10.21 [4]. - Recent financing data indicates a net outflow of 52.821 million in financing over the last three months, with a decrease in financing balance [5].

Group 1: Financial Performance - The company achieved continuous revenue growth in 2024, with a notable decline in net profit attributed to the trade and new energy sectors, each accounting for approximately 50% of the decline [1] - The new energy sector experienced a significant performance drop in 2024, prompting management to implement measures for improvement [1] Group 2: Strategic Initiatives - The company aims to enhance its supply chain services and chemical new energy sectors by integrating trade, manufacturing, and technology, while actively exploring new markets [2] - Plans include expanding product varieties, optimizing technical services, and strengthening collaborations with domestic and international clients [2] Group 3: Competitive Positioning - The company identifies its competitive advantages and disadvantages compared to its direct competitor, Shenzhou International, particularly in product positioning and customer categories [2] - Strategies to mitigate tariff impacts include expanding into emerging markets, optimizing domestic market structures, and enhancing overseas production capabilities [2] Group 4: Innovation and Development - The company is investing in the Guotai Innovation Design Center in Shanghai, which will focus on innovation design, research, and development [3] - The center will consist of four office buildings and will support the company's subsidiaries in design and project management [3]

江苏国泰国际集团股份有限公司（以下简称"公司"）于2024年9月11日召开 2024年第二次临时股东大会，审议通过《关于使用暂时闲置的公开发行可转换公 司债券募集资金进行现金管理的议案》，同意公司使用不超过人民币37亿元（含本 数）的暂时闲置的公开发行可转换公司债券募集资金（含收益）进行现金管理， 在上述额度内，资金可以在股东大会审议通过之日起12个月内滚动使用，期限内 任一时点的现金管理金额（含前述投资的收益进行再投资的相关金额）不超过审 议额度，单个产品使用期限不超过12个月。详细内容见2024年8月24日公司指定信 息 披 露 报 纸 《 证 券 时 报 》 和 指 定 信 息 披 露 网 站 巨 潮 资 讯 网 http://www.cninfo.com.cn《江苏国泰：关于使用暂时闲置的公开发行可转换公 司债券募集资金进行现金管理的公告》。 | 证券代码：002091 | 证券简称：江苏国泰 | 公告编号：2025-31 | | --- | --- | --- | | 转债代码：127040 | 转债简称：国泰转债 | | 江苏国泰国际集团股份有限公司 关于使用暂时闲置的公开发行可转换公司债券募集资 ...

Financial Performance - The company's revenue for Q1 2025 reached ¥8,861,496,288.45, representing a 9.68% increase compared to ¥8,079,679,601.44 in the same period last year[4] - Net profit attributable to shareholders was ¥242,440,247.99, up 13.81% from ¥213,021,086.20 year-on-year[4] - Basic earnings per share increased to ¥0.15, reflecting a 15.38% rise from ¥0.13 in the prior year[4] - Total operating revenue for the current period reached ¥8,875,164,960.28, an increase of 9.6% compared to ¥8,095,532,343.82 in the previous period[20] - Net profit for the current period was ¥408,346,009.41, representing a 10.9% increase from ¥367,884,329.05 in the previous period[21] - Total comprehensive income for the period reached ¥411,856,105.37, an increase from ¥346,793,498.89 in the previous period, representing a growth of approximately 18.8%[22] - Basic earnings per share increased to ¥0.15 from ¥0.13, while diluted earnings per share rose to ¥0.13 from ¥0.12[22] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥604,431,159.18, a 66.25% reduction from the previous year's outflow of ¥1,790,794,507.38[11] - Cash inflow from operating activities totaled ¥10,138,180,923.86, up from ¥8,797,549,303.99, indicating a growth of about 15.2%[23] - Cash inflow from investment activities was ¥7,434,339,665.98, compared to ¥3,364,993,002.74 in the previous period, marking an increase of approximately 121.8%[24] - Net cash outflow from investment activities was -¥2,097,986,991.01, worsening from -¥431,452,989.48, indicating increased investment expenditures[24] - Cash inflow from financing activities amounted to ¥3,381,105,946.91, up from ¥1,092,601,156.24, showing a growth of about 209.5%[24] - Net cash outflow from financing activities was -¥298,237,845.63, a decrease from a net inflow of ¥479,716,700.82 in the previous period[24] - The ending cash and cash equivalents balance decreased to ¥9,944,814,706.63 from ¥15,211,937,631.01, a decline of approximately 34.1%[24] Assets and Liabilities - Total assets decreased by 2.35% to ¥44,275,528,134.92 from ¥45,341,097,870.26 at the end of the previous year[4] - Current liabilities totaled ¥16,671,122,651.07, an increase from ¥16,166,187,521.46 at the beginning of the period[18] - Non-current liabilities decreased to ¥5,162,876,998.74 from ¥7,143,766,019.74 at the beginning of the period[18] - The company's equity attributable to shareholders increased to ¥15,926,912,294.49 from ¥15,682,980,207.87[18] Investment and Expenses - The company reported a 154.77% increase in investment income, amounting to ¥54,464,957.87 compared to ¥21,378,354.96 in the same quarter last year[10] - Financial expenses surged by 172.64%, totaling ¥43,840,287.49, primarily due to reduced interest income and decreased foreign exchange gains[10] - Research and development expenses for the current period were ¥18,557,528.73, slightly down from ¥18,761,891.11 in the previous period[21] - The company reported a decrease in interest expenses to ¥69,020,293.42 from ¥75,587,393.51 in the previous period[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 56,426[13] - The largest shareholder, Jiangsu Guotai International Trade Co., Ltd., holds 31.99% of shares, amounting to 520,634,425 shares, with 88,030,000 shares pledged[13] - The top ten shareholders do not participate in margin trading or securities lending[14] - The company has not disclosed any significant changes in the top ten shareholders due to securities lending activities[14] - Jiangsu Guotai International Trade Co., Ltd. is identified as the actual controller of the company[13] Other Information - The company's cash and cash equivalents decreased to ¥13,096,689,470.38 from ¥14,729,827,889.92[16] - Trading financial assets increased to ¥9,714,559,149.97 from ¥8,468,422,325.48, reflecting a growth of approximately 14.7%[16] - Accounts receivable decreased to ¥6,421,765,421.68 from ¥6,648,951,331.99, indicating a decline of about 3.4%[16] - The company issued 45,574,186 convertible bonds with a total amount of ¥455,741.86 million, netting ¥454,228.80 million after expenses[14] - As of March 31, 2025, the remaining balance of convertible bonds is ¥3,987,042,500.00, with 39,870,425 bonds outstanding[14] - The company did not undergo an audit for the first quarter report[25]

4月25日江苏国泰发布2024年度分配预案，拟10派3元（含税），预计派现金额合计为6.36亿元。派现额 占净利润比例为57.48%，以该股2024年度成交均价计算，股息率为4.02%。这是公司上市以来，累计第 21次派现。 公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2024.12.31 | 10派3元（含税） | 6.36 | 4.02 | | 2024.09.30 | 10派1元（含税） | 1.63 | 1.36 | | 2023.12.31 | 10派3元（含税） | 4.88 | 3.70 | | 2022.12.31 | 10派2.5元（含税） | 4.07 | 2.43 | | 2021.12.31 | 10派2.5元（含税） | 3.99 | 2.16 | | 2020.12.31 | 10派2.5元（含税） | 3.91 | 3.62 | | 2020.06.30 | 10派1元（含税） | 1.56 | 1.44 | | 2019.12.31 | 10派1元（含税） | 1. ...

江苏国泰国际集团股份有限公司董事会 关于独立董事 2024 年度独立性情况的专项评估意见 7、独立董事不属于"最近十二个月内曾经具有第1项至第6项所列举情形的 人员"。 8、独立董事不属于"法律、行政法规、中国证监会规定、证券交易所业务 规则和公司章程规定的不具备独立性的其他人员"。 综上所述，公司董事会认为公司现任独立董事陈百俭先生、娄健颖女士、孙 涛先生及雷敬华先生不存在影响独立董事独立性的情况，符合《上市公司独立董 事管理办法》、《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》等规则及公司《章程》中关于独立董事独立性的要求。 江苏国泰国际集团股份有限公司 1、独立董事不属于"在上市公司或者其附属企业任职的人员及其配偶、父 母、子女、主要社会关系"。 2、独立董事不属于"直接或者间接持有上市公司已发行股份百分之一以上 或者是上市公司前十名股东中的自然人股东及其配偶、父母、子女"。 3、独立董事不属于"在直接或者间接持有上市公司已发行股份百分之五以 上的股东或者在上市公司前五名股东任职的人员及其配偶、父母、子女"。 4、独立董事不属于"在上市公司控股股东、实际控制人的附属企业任职的 人 ...

江苏国泰国际集团股份有限公司 董事会议事规则 2025 年 4 月 | 第一章 | 总则 1 | | --- | --- | | 第二章 | 董事会的职权 1 | | 第三章 | 定期会议和临时会议 3 | | 第四章 | 董事会会议的召集、主持和通知 4 | | 第五章 | 董事会会议的召开和出席 5 | | 第六章 | 董事会议事和表决程序 6 | | 第七章 | 董事会会议决议和会议记录 7 | | 第八章 | 附则 9 | 江苏国泰国际集团股份有限公司 董事会议事规则 江苏国泰国际集团股份有限公司 董事会议事规则 第一章 总则 第一条 宗旨 为了进一步规范江苏国泰国际集团股份有限公司（以下简称"公司"）董事会 的议事方式和决策程序，促使董事和董事会有效地履行职责，提高董事会规范运 作和科学决策水平，充分发挥董事会的经营决策中心作用，根据《中华人民共和 国公司法》（以下简称《公司法》）和《江苏国泰国际集团股份有限公司章程》（以 下简称"公司章程"）及其他有关法律法规规定，制定本规则。 第二条 地位 公司设董事会，是公司的经营决策中心，董事会受股东大会的委托，负责经 营和管理公司的法人财产，对股东大会负责 ...

| 第一章 | 总则 - | 2 - | | --- | --- | --- | | 第二章 | 经营宗旨和范围 - | 2 - | | 第三章 | 股份 - | 3 - | | 第一节 | 股份发行 | - 3 - | | 第二节 | 股份增减和回购 | - 3 - | | 第三节 | 股份转让 | - 4 - | | 第四章 | 股东和股东大会 - | 5 - | | 第一节 | 股东 | - 5 - | | 第二节 | 股东大会的一般规定 | - 7 - | | 第三节 | 股东大会的召集 | - 8 - | | 第四节 | 股东大会的提案与通知 | - 9 - | | 第五节 | 股东大会的召开 | - 10 - | | 第六节 | 股东大会的表决和决议 | - 12 - | | 第五章 | 党委 - | 15 - | | 第六章 | 董事会 - | 15 - | | 第一节 | 董事 | - 15 - | | 第二节 | 董事会 | - 18 - | | 第七章 | 公司高级管理人员 - | 21 - | | 第八章 | 监事会 - | 22 - | | 第一节 | 监事 | - 22 - | | ...

一、独立董事的基本情况 本人陈百俭，1962年4月生，本科学历，2006年上海对外经贸大学授予 2004-2006年度上海对外经贸大学优秀党务工作者奖项，2012年中共上海市教育 卫生工作委员会、上海市教育委员会授上海市育才奖。1984年7月至1993年6月历 任上海对外经贸大学（原上海对外贸易学院）党史及国际政治与国际关系教学助 教、讲师。1993年7月至2022年4月任上海对外经贸大学（原上海对外贸易学院） 国际法、民法学、知识产权法教学讲师。1996年7月至2022年4月历任上海对外经 贸大学（原上海对外贸易学院）校长办公室主任助理、学生处副处长、法学院党 委书记（2012年代理院长）、后勤党总支书记、资产处处长、后勤处处长、大学 体育中心主任、上海贸大管理有限公司法人及总经理。1996年至1997年任上海国 茂律师事务所兼职律师。1998年至2001年任上海虹桥律师事务所兼职律师。2001 年至2006年任上海浩英律师事务所兼职律师。2006年至2021年10月任上海虹桥正 瀚律师事务所兼职律师。2021年10月至今任上海至和律师事务所律师,2025年2 月任上海至和律师事务所高级顾问。现任本公司独立 ...

| 证券代码：002091 | 证券简称：江苏国泰 公告编号：2025-28 | | --- | --- | | 转债代码：127040 | 转债简称：国泰转债 | 江苏国泰国际集团股份有限公司 关于召开2024年度股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：2024年度股东大会。 2、股东大会的召集人：公司董事会，公司第九届董事会第十八次会议决议 召开2024年度股东大会。 3、会议召开的合法、合规性：本次股东大会会议召开符合有关法律、行政 法规、部门规章、规范性文件、深圳证券交易所（以下简称"深交所"）业务规 则和公司章程等的相关规定。 4、会议召开的日期、时间： （1）现场会议召开时间为：2025年5月19日（星期一）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5月19日9:15-9:25, 9:30-11:30和13:00-15:00；通过深圳证券交易 所互联网投票系统开始投票的时间为2025年5月19日上午9:15，结束时间为2025 ...