董事和高级管理人员离职管理制度 第一章 总则 第一条 为规范杭州巨星科技股份有限公司（以下简称"公司"、"本公司"） 董事、高级管理人员离职相关事宜，确保公司治理结构的稳定性和连续性，维护 公司及股东的合法权益，公司根据《中华人民共和国公司法》（以下简称"《公 司法》"）等法律法规、规范性文件及《公司章程》的有关规定，结合公司实际 情况，制定本制度。 第二条 本制度适用于公司董事（含独立董事）、高级管理人员所有离职的 情形。 杭州巨星科技股份有限公司 董事和高级管理人员离职管理制度 杭州巨星科技股份有限公司 第二章 离职情形与程序 第三条 公司董事和高级管理人员的离职情形包含任期届满未连任、辞职、 被解除职务以及其他导致其实际离职的情形。 （一）董事任期届满未及时改选，或者董事在任期内辞任导致董事会成员低 于法定最低人数； （二）审计委员会成员辞任导致审计委员会成员低于法定最低人数，或者欠 缺会计专业人士。 （三）独立董事辞任导致公司董事会或者其专门委员会中独立董事所占比例 不符合法律法规或者《公司章程》规定，或者独立董事中欠缺会计专业人士。 第六条 董事提出辞任的，公司应当在提出辞任之日起 60 日内完成补 ...

杭州巨星科技股份有限公司 董事会审计委员会实施细则 杭州巨星科技股份有限公司 董事会审计委员会实施细则 第一章 总则 第一条 为强化杭州巨星科技股份有限公司（以下简称"公司"）董事会决 策功能，做到事前审计、专业审计，确保董事会对经营管理的有效监督，完善公 司治理结构，根据《中华人民共和国公司法》、《上市公司治理准则》、《公司 章程》及其他有关规定，公司特设立董事会审计委员会，并制定本实施细则。 第二条 董事会审计委员会是董事会下设的专门委员会，主要负责审核公司 财务信息及其披露、监督及评估内外部审计工作和内部控制。 第二章 人员组成 第三条 审计委员会成员由五名董事组成，其中独立董事三名，至少有一名 独立董事为专业会计人士，成员应当为不在公司担任高级管理人员的董事，董事 会成员中的职工代表可以成为审计委员会成员。 审计委员会成员辞任导致审计委员会成员低于法定最低人数，或者欠缺专业 会计人士，在新成员就任前，原成员仍应当继续履行职责。 第七条 审计委员会下设内审部为日常办事机构，负责日常工作联络和会议 组织等工作。 第三章 职责权限 第八条 审计委员会的主要职责与职权包括： （一）审核上市公司的财务信息及其披 ...

杭州巨星科技股份有限公司 董事会提名委员会实施细则 杭州巨星科技股份有限公司 董事会提名委员会实施细则 第一章 总则 第一条 为优化杭州巨星科技股份有限公司（以下简称"公司"）董事会组 成，实现董事、高级管理人员选聘的规范化、科学化，进一步完善公司治理结构， 根据《中华人民共和国公司法》、《上市公司治理准则》、《公司章程》及其他 有关规定，公司特设立董事会提名委员会，并制订本实施细则。 第二条 董事会提名委员会是董事会按照相关决议设立的专门工作机构，主 要负责拟定董事、高级管理人员的选择标准和程序，对董事、高级管理人员人选 及其任职资格进行遴选、审核。 第三条 本细则所称高级管理人员是指董事会聘任的总裁、副总裁、财务总 监、董事会秘书。 第二章 人员组成 第 1 页 共 4 页 第四条 提名委员会成员由三名董事组成，其中独立董事两名，独立董事占 多数。 第五条 提名委员会委员由董事长、二分之一以上独立董事或者全体董事的 三分之一提名，并由董事会选举产生。 第六条 提名委员会设召集人一名，由独立董事委员担任，负责主持委员会 工作；召集人由董事会选举产生。 第七条 提名委员会任期与董事会任期一致，委员任期届满，连 ...

Group 1 - The core point of the news is that Juxing Technology's stock has experienced a decline of 5.03%, with a current price of 28.91 CNY per share and a total market capitalization of 34.532 billion CNY [1] - Juxing Technology, established on August 9, 2001, and listed on July 13, 2010, specializes in the research, production, and sales of hand tools, power tools, and smart products [1] - The revenue composition of Juxing Technology is as follows: hand tools account for 65.74%, industrial tools for 23.23%, power tools for 10.56%, and other products for 0.47% [1] Group 2 - Hengyue Fund has a significant holding in Juxing Technology, with its Hengyue Research Selected Mixed A/B fund reducing its stake by 5,900 shares, now holding 330,400 shares, which represents 5.06% of the fund's net value [2] - The fund has reported a floating loss of approximately 505,500 CNY due to the recent decline in Juxing Technology's stock price [2] - Hengyue Research Selected Mixed A/B fund was established on July 4, 2018, with a current size of 116 million CNY and has achieved a year-to-date return of 30.16% [2]

Summary of Conference Call Records Industry Overview - The hand tools sector is currently at a cyclical low in valuation, with companies like Juxing Technology expected to have a net profit of approximately 3.1 billion RMB in 2026, corresponding to a valuation of about 11 times earnings, indicating medium to long-term investment value [1][2] - The North American real estate cycle is closely linked to the demand for tools, particularly influenced by Federal Reserve interest rates. A decline in interest rates is expected to boost transaction volumes in real estate, subsequently increasing demand for hand and power tools [1][4] Market Dynamics - The global tools market is substantial, estimated at around 110 billion USD, with a fragmented competitive landscape where leading companies hold only 15% market share. Domestic firms like Juxing Technology and Quanfeng Holdings have potential to increase market share by expanding product categories [1][3][6] - The tool industry supply chain shows a progressive increase in profit margins from upstream manufacturers to downstream distributors, with terminal profits being relatively high. The primary demand comes from residential, commercial construction, industrial, and automotive repair sectors, closely tied to real estate and construction market conditions [1][7][8] Demand Influencers - The downstream demand for tools is significantly influenced by the real estate market, with 44% of demand directly linked to housing activities. Historical data shows a strong correlation between real estate sales and the 30-year fixed mortgage rates in the U.S. [8] - The inventory cycle among distributors plays a crucial role in the tool industry. After a period of destocking from 2021 to 2022, a weak replenishment phase is expected to begin post-2024, which could enhance demand as the North American real estate market improves [9] Company Insights - Juxing Technology and Quanfeng Holdings are identified as key players poised to benefit from the upcoming North American real estate recovery, with low current valuations of approximately 12 times and 7-8 times earnings, respectively [5][18] - Juxing Technology has transitioned to an OBM (Own Brand Manufacturer) model, with over 50% of its revenue coming from this segment, while Quanfeng Holdings has an even higher OBM revenue share of 80-90% [15][21] - Both companies are relocating some production to Southeast Asia to mitigate tariff risks, which is expected to attract more orders and expand their product offerings [17] Financial Performance - Juxing Technology's projected profits for 2025 are around 2.7 billion RMB, increasing to approximately 3.3 billion RMB in 2026, with corresponding valuations of 14 times and 12 times earnings [20] - Quanfeng Holdings anticipates net profits of 150 million USD in 2025, rising to between 170 million and 180 million USD in 2026, with a PE ratio of less than 10 times [21] Long-term Outlook - The tool industry presents a significant growth opportunity, with a market space exceeding 100 billion USD and a diverse product range. Companies like Juxing Technology and Quanfeng Holdings are expected to see substantial growth in revenue and market share as the North American market improves [14][18] - The success of companies like Chuangke Industrial, which has effectively navigated the market through strategic decisions and product innovation, serves as a model for domestic firms aiming to replicate similar success [14]

Core Insights - As of October 24, a total of 98 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more [1] - The stock with the longest streak of net buying is Yibin Paper, which has seen net buying for 11 consecutive trading days [1] - Other notable stocks with significant net buying days include Juxing Technology, Laofengxiang, Kangwei Century, Tebao Biological, Daimei Co., Zhejiang Wenhu Internet, Huakang Clean, and Fuyuan Medical [1]

Core Insights - A total of 73 stocks in the Shanghai and Shenzhen markets have received net buying from major funds for five consecutive days or more as of October 23 [1] - The stock with the longest consecutive net buying days is Yongmaotai, which has seen net buying for 11 consecutive trading days [1] - Other notable stocks with significant net buying days include Yibin Paper, Hanghua Co., Baofeng Energy, Laofengxiang, Juxing Technology, Naxinwei, Daimei Co., and Kangwei Century [1]

Core Insights - On October 23, Juxing Technology's stock rose by 0.44%, with a trading volume of 197 million yuan, while the margin trading data indicated a net margin buy of -2.03 million yuan for the day [1] Group 1: Financial Performance - For the first half of 2025, Juxing Technology achieved a revenue of 7.03 billion yuan, representing a year-on-year growth of 4.87%, and a net profit attributable to shareholders of 1.27 billion yuan, which is a 6.63% increase compared to the previous year [2] - Cumulatively, Juxing Technology has distributed a total of 2.52 billion yuan in dividends since its A-share listing, with 1.42 billion yuan distributed over the last three years [3] Group 2: Shareholder and Market Data - As of June 30, 2025, the number of shareholders for Juxing Technology reached 48,600, an increase of 10% from the previous period, while the average circulating shares per person decreased by 8.79% to 23,618 shares [2] - The top ten circulating shareholders include Ruiyuan Growth Value Mixed A, holding 25.18 million shares, an increase of 2.12 million shares from the previous period, while Hong Kong Central Clearing Limited reduced its holdings by 22.90 million shares [3] Group 3: Margin Trading Activity - On October 23, Juxing Technology had a margin trading balance of 365 million yuan, with the financing balance at 345 million yuan, accounting for 0.97% of the circulating market value, which is below the 40th percentile level over the past year [1] - In terms of securities lending, Juxing Technology repaid 5,200 shares and sold 13,400 shares on October 23, with a selling amount of 400,700 yuan, while the securities lending balance stood at 19.74 million yuan, exceeding the 90th percentile level over the past year [1]

Group 1 - The core point of the article is that Juxing Technology announced a cash dividend distribution plan for the first half of 2025, proposing to distribute 2.5 RMB per 10 shares to all shareholders [1] - The record date for the dividend distribution is set for October 23, 2025, and the ex-dividend date is October 24, 2025 [1]

证券代码：002444 证券简称：巨星科技 公告编号：2025-047 杭州巨星科技股份有限公司 2025 年半年度权益分派实施公告 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。 杭州巨星科技股份有限公司（以下简称"公司"、"本公司"）2025年半年度 权益分派方案已获2025年10月9日召开的2025年第一次临时股东会审议通过，现 将权益分派事宜公告如下： 三、股权登记日与除权除息日 本次权益分派股权登记日为：2025年10月23日，除权除息日为：2025年10 月24日。 四、权益分派对象 一、股东会审议通过权益分配方案的情况 1．公司于2025年10月9日召开2025年第一次临时股东会，审议通过了《关 于公司2025年半年度利润分配预案的议案》。公司2025年半年度权益分派方案为： 以2025年6月30日公司总股本1,194,478,182股为基数，向全体股东每10股派发现 金红利2.5元（含税），预计现金分红总额为298,619,545.50元，本次不送红股， 也不以资本公积金转增股本。公司在本次权益分配方案实施前，若总股本由于股 份回购等原因发生变 ...