在本法律意见书中，本所律师仅对本次会议的召集、召开程序、出席会议人 员资格、召集人资格及会议表决程序、表决结果是否符合《公司法》《股东会规 北京市君泽君（深圳）律师事务所 关于深圳市兆新能源股份有限公司 2025年第三次临时股东大会之 法律意见书 中国广东省深圳市福田区金田路4028 号荣超经贸中心28、29 层 邮政编码: 518035 28&29 Floor, Landmark, No.4028 JintianRoad, Futian District, Shenzhen 518035, P.R.C. Tel: 0755—33988188 Fax: 0755—33988199 Http://www.junzejun.com 电子信箱(E-mail): jzj@junzejun.com 北京市君泽君（深圳）律师事务所 关于深圳市兆新能源股份有限公司 2025 年第三次临时股东大会之法律意见书 致：深圳市兆新能源股份有限公司 北京市君泽君（深圳）律师事务所（以下简称"本所"）接受深圳市兆新能 源股份有限公司（以下简称"公司"）委托，指派本所律师对公司 2025 年第三次 临时股东大会（以下简称"本次会议"）的 ...

Core Viewpoint - The legal dispute involving Zhaoxin Co., Ltd. has concluded favorably for the company, as the Supreme People's Court rejected the retrial application from Zhejiang Qianhong Industrial Co., Ltd., confirming that Zhaoxin will not bear additional liabilities related to a 167 million yuan buyback dispute, which has had no negative impact on the company's performance as evidenced by its recent quarterly report [1][4]. Summary by Sections Legal Dispute Background - In March 2023, Zhaoxin Co. and its subsidiary Shenzhen Yongsheng entered into a capital increase agreement with Zhejiang Qianhong, where Zhaoxin invested 250 million yuan for a 21.5554% stake, while Zhejiang Qianhong invested 350 million yuan for a 30.1776% stake [3]. - The agreement included a one-year "cooling-off period" allowing Zhejiang Qianhong to request an unconditional buyback of its investment, which later led to the dispute [3]. - In May 2023, Zhejiang Qianhong exercised its buyback right, and Zhaoxin paid 354.21 million yuan to complete the buyback process [3]. - In February 2024, Zhejiang Qianhong filed a lawsuit claiming breach of contract, seeking 167.33 million yuan in damages [4]. Court Proceedings and Outcomes - The first-instance court ruled in August 2024, awarding only 4.21 million yuan in damages, which was significantly lower than the claimed amount [4]. - Both parties appealed, but the Zhejiang High Court upheld the original ruling in November 2024 [4]. - In July 2025, Zhejiang Qianhong sought a retrial from the Supreme Court, which was ultimately rejected in November 2025, confirming that Zhaoxin had fulfilled its payment obligations and that the final ruling would not adversely affect the company's profits [4][5]. Financial Performance - Zhaoxin's Q3 2025 report showed a revenue of 322 million yuan, a year-on-year increase of 34.45%, and a net profit of 4.9078 million yuan, marking a turnaround from previous losses [5]. - The third quarter alone saw a revenue of 114 million yuan, up 43.44% year-on-year, with net profit growth of 102.01% [5]. - Despite a negative net profit of 22.49 million yuan when excluding non-recurring items, the company showed signs of recovery with a 100.6% increase in operating cash flow [5]. Implications for the Company - The resolution of the legal dispute removes a significant risk for Zhaoxin, allowing the company to focus on its growth trajectory, which is characterized by increasing revenue and profits [6]. - The market's attention may now shift towards Zhaoxin's developments in the new energy sector, with the performance of Shenzhen Yongsheng being a key factor for future growth [6].

Core Viewpoint - Zhaoxin Co., Ltd. reported that as of October 31, 2025, the total number of households is 122,085 [2] Company Summary - The company provided an update on its total household count, indicating a specific figure of 122,085 households as of the end date mentioned [2]

证券代码：002256 证券简称：兆新股份 公告编号：2025-060 1、案件所处的诉讼阶段：中华人民共和国最高人民法院（以下简称"最高 人民法院"）驳回浙江千虹实业有限公司的再审申请。 2、相关当事人地位： 再审申请人：浙江千虹实业有限公司（一审原告，二审上诉人）（以下简称 "浙江千虹"）； 再审被申请人：深圳市兆新能源股份有限公司（一审被告一，二审上诉人） （以下简称"公司"）、公司控股子公司深圳市永晟新能源有限公司（一审被告二， 二审上诉人）（以下简称"深圳永晟"或"标的公司"）。 3、涉及金额： 浙江千虹请求撤销浙江省高级人民法院（2024）浙民终 1021 号《民事判决 书》和舟山市中级人民法院（2024）浙 09 民初 4 号《民事判决书》；并请求法 院改判支持浙江千虹一审中提出的诉讼请求（即公司及深圳永晟支付违约金、赔 偿损失共计人民币 167,333,788 元）。 深圳市兆新能源股份有限公司 关于收到最高人民法院《民事裁定书》 暨诉讼事项进展的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 4、对上市公司损益产生的影响：该 ...

Core Insights - The electricity sector experienced a rise of 0.69% on the previous trading day, with Huaguang Huaneng leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Huaguang Huaneng (600475) saw a closing price of 17.01, with a significant increase of 10.03% and a trading volume of 405,400 shares, amounting to a transaction value of 666 million yuan [1] - Jinko Technology (601778) closed at 3.66, up 4.57%, with a trading volume of 1,641,100 shares and a transaction value of 590 million yuan [1] - Zhaoxin Co., Ltd. (002256) closed at 3.09, up 4.39%, with a trading volume of 1,360,600 shares and a transaction value of 415 million yuan [1] Capital Flow - The electricity sector experienced a net outflow of 325 million yuan from institutional investors, while retail investors saw a net inflow of 479 million yuan [2] - The main capital inflow was observed in Huaguang Huaneng, with a net inflow of 1.40 billion yuan, representing 21.98% of the total [3] - China Nuclear Power (601985) had a net inflow of 93.91 million yuan, accounting for 7.31% of the total [3]

Core Viewpoint - Zhaoxin Co., Ltd. has shown a significant increase in stock price and trading activity, indicating potential investor interest and market performance [1][2]. Company Overview - Zhaoxin Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on December 20, 1995, with its listing date on June 25, 2008. The company specializes in the development, production, and sales of aerosol products [2]. - The main business revenue composition includes fine chemical products (45.85%), photovoltaic power generation (26.14%), photovoltaic construction (23.74%), and new chemical materials (4.27%) [2]. - The company belongs to the public utility sector, specifically in the electric power and photovoltaic generation industry, and is associated with concepts such as shared economy, dyes and coatings, small-cap stocks, Huawei concept, and low-price stocks [2]. Financial Performance - As of October 20, 2023, Zhaoxin Co., Ltd. reported a total revenue of 322 million yuan for the period from January to September 2023, representing a year-on-year growth of 34.45%. The net profit attributable to shareholders was 4.91 million yuan, showing a year-on-year increase of 105.50% [2]. - The company has distributed a total of 310 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Performance - As of November 3, 2023, Zhaoxin's stock price increased by 2.03%, reaching 3.02 yuan per share, with a trading volume of 138 million yuan and a turnover rate of 2.37%, resulting in a total market capitalization of 6.022 billion yuan [1]. - Year-to-date, Zhaoxin's stock price has risen by 19.84%, with a 0.67% increase over the last five trading days, a 2.58% decrease over the last 20 days, and a 33.04% increase over the last 60 days [1]. - The company has appeared on the trading leaderboard four times this year, with the most recent appearance on September 5, 2023, where it recorded a net buy of 41.27 million yuan [1].

Core Insights - Zhaoxin Co., Ltd. is a domestic enterprise established in 1995, specializing in aerosol products and photovoltaic power generation, with certain advantages in technology development [1] Business Performance - For Q3 2025, Zhaoxin reported revenue of 322 million yuan, ranking 12th in the industry, significantly lower than the industry leader, Solar Energy, at 4.101 billion yuan, and the second-ranked Zhejiang New Energy at 3.855 billion yuan [2] - The net profit for the same period was 5.79 million yuan, placing it 9th in the industry, again far behind Solar Energy's 1.129 billion yuan and Zhejiang New Energy's 860 million yuan [2] Financial Ratios - As of Q3 2025, Zhaoxin's debt-to-asset ratio was 31.83%, an increase from 24.84% year-on-year, but still well below the industry average of 62.14%, indicating good solvency [3] - The gross profit margin for Q3 2025 was 29.63%, slightly down from 29.96% year-on-year, and lower than the industry average of 32.38% [3] Executive Compensation - The chairman and general manager, Liu Gongzhi, received a salary of 3.2762 million yuan in 2024, a decrease of 2.2308 million yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 7.28% to 122,700, while the average number of circulating A-shares held per account increased by 7.85% to 15,900 [5]

Core Insights - QFII continues to favor core A-share assets, particularly in high-end manufacturing and defensive sectors, reflecting a strategic approach to investment amidst ongoing market trends [1][2][7] - As of October 28, nearly 40 QFIIs collectively held approximately 119.4 billion yuan in A-shares, indicating significant foreign interest in the Chinese market [1][9] Industry Focus - QFII has notably increased holdings in various sectors, including banking, electrical equipment, building materials, chemicals, software services, machinery, and hardware [3][10] - The banking sector saw a substantial increase, with QFII adding 124 million shares, driven by expectations of improved performance and attractive valuations [7][10] - Electrical equipment and computer sectors also received tactical increases from QFII, supported by favorable policies and growth in demand due to energy transition and infrastructure upgrades [7][10] Notable Stocks - Key stocks with significant QFII increases include Nanjing Bank (12.36 million shares), China Western Power (7.29 million shares), and others in various sectors such as construction materials and chemicals [6][10] - Specific stocks like Huazhi Technology and Huasheng Tiancheng saw multiple QFII firms increase their stakes, indicating strong interest in new productivity concepts [4][5] Investment Strategy - QFII's investment strategy appears to be diversified, focusing on both core assets and emerging opportunities across multiple industries, including machinery, food and beverage, and pharmaceuticals [10][11] - Large foreign institutions, such as Goldman Sachs, are actively seeking diversified investment opportunities in the A-share market, reflecting a positive outlook on Chinese equities [11][12]

Group 1 - The company, Zhaoxin Co., stated that as of October 20, 2025, the total number of households will be 121,079 [2]

Core Insights - The company reported a significant increase in Q3 2025 revenue, reaching approximately 114 million yuan, a year-on-year growth of 43.44%, with net profit attributable to shareholders increasing by 102.01% [2] - The substantial rise in profitability is attributed to enhanced internal efficiency from refined management practices and the positive effects of recent acquisitions, indicating potential for further profit growth in the future [2] - The company has shifted from a traditional "single driver" model to a "profitability first, scale synergy" structure, focusing on maximizing operational efficiency and optimizing resource allocation [2] Industry Focus - In the fine chemicals sector, the company implements a "customer lifecycle value management" approach, capturing structural market opportunities and driving scalable business growth [3] - The company is expanding its high-value product matrix while optimizing its R&D and production processes to enhance customer loyalty and repeat purchase rates, contributing to sustained revenue growth [3] - In the renewable energy sector, the company aims to maximize the value of existing assets through intelligent operation and maintenance systems, improving power generation efficiency and equipment lifecycle management [3] Financial Performance - A key highlight of the Q3 financial report is the turnaround of operating cash flow from negative to positive, reflecting effective management of working capital and optimization of business receivables [3] - This shift indicates that the company's core business has established a healthy internal cash flow cycle and self-sustaining capability [3]