上海市锦天城律师事务所 关于杭州星帅尔电器股份有限公司 2025 年第一次临时股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所（以下简称"本所"）接受杭州星帅尔电器股份有 限公司（以下简称"公司"）委托，就公司召开 2025 年第一次临时股东大会（以 下简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简 称"《公司法》"）《上市公司股东会规则》等法律、法规、规章和其他规范性文件 以及《杭州星帅尔电器股份有限公司章程》（以下简称"《公司章程》"）的有关规 定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事 项进行了必要的核查和验证，核查了本所认为出具该法律意见书所需的相关文件、 资料，并参加了公司本次股东大会的全过程。本所 ...

股票代码：002860 股票简称：星帅尔 公告编号：2025-072 杭州星帅尔电器股份有限公司 2025 年第一次临时股东大会决议公告 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。 一、重要提示 1、本次股东大会召开期间没有增加、否决或变更议案的情况发生。 2、本次股东大会采取现场投票、网络投票相结合的方式。 二、会议召开的基本情况 其中，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15日的交易 时间，即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投 票的具体时间为：2025年5月15日9:15-15:00。 3、会议召开方式： 本次股东大会采取现场投票与网络投票相结合的方式。本次股东大会将通过深圳证券交易 所交易系统和互联网投票系统向公司股东提供网络形式的投票平台，公司股东可以在网络投票 时间内通过上述系统对本次股东大会审议事项进行投票表决。 4、参加股东大会的方式： 公司股东只能选择现场投票、网络投票中的一种表决方式。如同一股东账户通过以上两种 方式重复表决的，以第一次投票结果 ...

Group 1: Company Overview - Hangzhou Xingshuai Electric Co., Ltd. was listed on the Shenzhen Stock Exchange in April 2017 as a high-tech enterprise with strong innovation and R&D capabilities [2] - The main business includes R&D, production, and sales of various types of thermal protectors, starters for refrigeration compressors, temperature controllers for small appliances, and photovoltaic components [2] Group 2: Financial Performance - In 2024, the company achieved a revenue of CNY 2.077 billion, with a net profit attributable to the parent company of CNY 144 million [2] - Revenue decreased compared to the previous year primarily due to the impact of photovoltaic market demand and a decline in raw material prices [2] - The company recognized an asset impairment loss of CNY 42.53 million and accrued convertible bond interest of CNY 32.35 million, significantly affecting net profit [2] Group 3: Strategic Adjustments - The company is confident in addressing external challenges and is actively adjusting its product structure to accelerate supply in new markets such as elevators, commercial compressors, and electric motorcycles [3] - The board's strategic deployment is being firmly implemented, with all employees focused on core business and overcoming difficulties [3] Group 4: Client Relationships - Key clients include Shanghai Haile, BYD, and various other companies, establishing strong supply and cooperation relationships with competitive advantages in market and technology [4] Group 5: Military Business Potential - The subsidiary Zhejiang Special Motor has obtained qualifications for military equipment production, indicating its capability to undertake military projects, which enhances the company's overall competitiveness [5] Group 6: Photovoltaic Business Outlook - The photovoltaic component business has a full order book, with multiple companies undergoing factory inspections, remaining a significant growth area for the company [6] Group 7: M&A Strategy - The company is determined to pursue external mergers and acquisitions, leveraging capital market platforms to expand into new growth areas [7] - With years of manufacturing management experience, the company has successfully integrated acquired subsidiaries, demonstrating strong operational stability and cash flow [7][8]

Company Overview - Hangzhou Xingshuai Electric Co., Ltd. was listed on the Shenzhen Stock Exchange in April 2017 as a high-tech enterprise with strong innovation and independent R&D capabilities [2] - The company specializes in the R&D, production, and sales of various types of thermal protectors, starters, sealing terminals, temperature controllers for small appliances, and photovoltaic components [2] Business Development - The photovoltaic component business has a full order book, with multiple companies undergoing factory inspections [3] - The company plans to adjust production capacity based on future industry trends and order situations in the photovoltaic sector [3] Shareholder Returns - The company emphasizes reasonable returns to investors, aiming for a sustainable profit distribution policy [3] - The "Shareholder Return Plan for the Next Three Years (2025-2027)" states that the annual cash distribution will be no less than 20% of the distributable profits for that year [3] R&D Projects - Key R&D projects include high-efficiency permanent magnet motors and servo motors [3] - The high-speed oil-cooled generator has completed design and is in the sampling phase, with mass production expected in the second half of the year [3] - The new flat wire wind power generator has completed design and is entering the sampling phase, promising higher efficiency and broader application [3] M&A Strategy - The company views mergers and acquisitions as a crucial strategy for growth and will continue to seek potential targets that align with its industry [4] - The company has confidence in its M&A capabilities, supported by years of manufacturing management experience and successful acquisitions [5][6] - Acquired subsidiaries have shown stable operations and good integration effects, supported by stable orders and strong cash flow [7]

Group 1: Company Overview - Hangzhou Xingshuai Electric Co., Ltd. was listed on the Shenzhen Stock Exchange in April 2017 as a high-tech enterprise with strong innovation and independent R&D capabilities [1][2]. - The company's main business includes the R&D, production, and sales of various types of thermal protectors, starters, sealing terminal blocks, temperature controllers for small appliances, and various types of motors, as well as photovoltaic module products [2]. Group 2: Future Development Strategy - The company plans to focus on R&D in new energy, new tracks, new products, and new projects, particularly increasing support for its subsidiary Zhejiang Special Motor in terms of technology, finance, and human resources [3]. - Key areas of R&D will include high-efficiency permanent magnet motors and servo motors, aiming to meet market demand and seek partnerships for collaboration [3]. Group 3: Application in New Energy Vehicles - The company supplies products such as air conditioning motors, support rod motors, battery sealing terminal blocks, and temperature controllers to the new energy vehicle sector [4]. - Successful collaborations have been established with reputable new energy vehicle manufacturers, including bulk supply to BYD and stable quality in products used in well-known automotive brands [4]. Group 4: Product Application Areas - Zhejiang Special Motor designs and customizes various motor products and components for diverse applications, including industrial machinery, mining machinery, oil fields, new energy vehicles, elevators, refrigerators, air conditioners, wind power generation, electric motorcycles, and military applications [5]. Group 5: Market Position and Competitive Advantage - The company maintains a leading market share in thermal protectors and starters due to its focus on technology R&D and product upgrades, which has built a strong brand advantage [6][7]. - Future strategies will continue to emphasize deepening core business and maintaining a commitment to innovation to further solidify competitive advantages [7].

Group 1: Financial Performance and Growth Strategies - In 2024, the company's revenue in the white goods sector grew by 21.04%, achieved through technological upgrades and cost reduction strategies [1] - The company aims to achieve approximately 2 billion CNY in revenue for 2025, focusing on direct sales and new market development [7] - The company has established partnerships with well-known enterprises like Midea and Haier, enhancing its market presence and technical capabilities [2] Group 2: Market Expansion and Sales Strategies - The domestic market accounts for a significant portion of revenue, with the company leveraging its reputation for product quality and customer service to strengthen client relationships [2] - The company plans to enhance its overseas market performance by maintaining a direct sales strategy and increasing support for overseas customers [2] Group 3: Technological Advancements and Product Development - The company is actively developing flat wire technology and high-efficiency permanent magnet motors to meet the growing demand in the motor industry [6] - The company has received UL Solutions authorization for its testing laboratory, which will streamline product testing and facilitate entry into international markets [7] - The company is focusing on upgrading its thermal protectors and starters to align with the smart appliance trend [9] Group 4: Research and Development Investments - The company has consistently invested in R&D across products, equipment, and processes to maintain its competitive edge [11] - The company plans to increase R&D investments in high-efficiency permanent magnet motors and servo motors, anticipating new business growth opportunities [13] Group 5: Project Management and Future Plans - As of the end of 2024, the investment progress for the "2GW high-efficiency solar photovoltaic module construction project" stands at 42.43%, with plans to repurpose remaining funds for operational liquidity [14] - The company is adjusting its investment projects in response to cyclical changes in the photovoltaic industry [14]

1、公司本次实施的利润分配方案为：以公司现有总股本剔除已回购股份 7,210,100 股后 的 355,833,378 股为基数，每 10 股派发现金红利 1.00 元（含税），不送红股，不以资本公积 金转增股本。 2、证券除权除息参考价的相关参数和公式：公司本次实际现金分红的总金额=实际参与分 配的股本×分配比例，即 35,583,337.80 元=355,833,378 股×0.10 元/股；每股现金红利=本 次实际现金分红的总金额÷总股本（含回购股份），即 0.0980139 元/股=35,583,337.80 元÷ 363,043,478 股。本次权益分派实施后，根据股票市值不变原则，2024 年度权益分派实施后的 除权除息价格=股权登记日收盘价 -0.0980139 元/股。 一、股东大会审议通过的利润分配情况 1、杭州星帅尔电器股份有限公司（以下简称"公司"）2024 年年度权益分派方案已获 2025 年 4 月 29 日召开的 2024 年年度股东大会审议通过，《2024 年年度股东大会决议公告》刊登在 2025 年 4 月 30 日的《证券时报》和巨潮资讯网（www.cninfo.com.cn ...

Group 1: Company Overview - Hangzhou Xingshuai Electric Co., Ltd. was listed on the Shenzhen Stock Exchange in April 2017 as a high-tech enterprise with strong innovation and independent R&D capabilities [2] - The company's main business includes the R&D, production, and sales of various types of thermal protectors, starters, sealed terminals for refrigeration compressors, temperature controllers for small appliances, and photovoltaic components [2] Group 2: Product Applications in New Energy Vehicles - The company supplies products such as air conditioning motors, support rod motors, battery sealed terminals, and temperature controllers for new energy vehicles, establishing good supply and cooperation relationships with several quality manufacturers [3] - Products from subsidiary Zhejiang Special Electric Motor have been successfully supplied to BYD and are used in well-known automotive brands' onboard refrigerators, demonstrating stable quality during supply [3] Group 3: Share Buyback Progress - The company has repurchased approximately 7.21 million shares, accounting for 1.99% of the current total share capital, with a total transaction amount of approximately 65.45 million yuan (excluding transaction fees) [4] Group 4: Q1 2025 Financial Performance - In Q1 2025, the company achieved revenue of 503 million yuan, a year-on-year increase of 8.37%, and a net profit attributable to shareholders of 64.30 million yuan, a year-on-year increase of 21.73% [5] - The company has focused on its main business, actively adjusted its strategy, and optimized its product structure, leading to improved core operational indicators and enhanced profitability [5] Group 5: Partnerships with Other Listed Companies - Zhejiang Special Electric Motor collaborates with several listed companies, including BYD, Lvtian Machinery, Wolong Electric Drive, and others, providing various products [5][6] - Specific products supplied include air conditioning compressor motor cores for BYD, high-pressure cleaning machine motors for Lvtian Machinery, and high-efficiency three-phase asynchronous motors for Wolong Electric Drive [6][7]

股票代码：002860 股票简称：星帅尔 公告编号：2025-070 杭州星帅尔电器股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 一、股票交易异常波动的情况 杭州星帅尔电器股份有限公司（以下简称"本公司"或"公司"）（证券简称：星帅尔， 证券代码：002860）股票交易价格连续三个交易日（2025 年 4 月 29 日、2025 年 4 月 30 日、 2025 年 5 月 6 日）收盘价格涨幅偏离值累计达到 20%以上，根据《深圳证券交易所交易规则》 的相关规定，属于股票交易异常波动的情况。 5、股票交易异常波动期间，公司控股股东、实际控制人不存在买卖公司股票的情形。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规则》等有关规 定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协议等；董事会也未获悉 本公司有根据《深圳证券交易所股票上市规则》等有关规定应予以披露而未披露的、对本公司 股票及其衍生品种交易价格产生较大影响的信息；公司前期披露的信息不存在需 ...

股票代码：002860 股票简称：星帅尔 公告编号：2025-067 杭州星帅尔电器股份有限公司 关于回购公司股份的进展公告 （一）公司未在下列期间内以集中竞价交易方式回购股份： 1、自可能对本公司证券及其衍生品种交易价格产生重大影响的重大事项发生之日或者在 决策过程中，至依法披露之日内； 2、中国证监会和深圳证券交易所规定的其他情形。 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。 杭州星帅尔电器股份有限公司（以下简称"公司"）于 2025 年 3 月 18 日召开第五届董事 会第十九次会议审议通过《关于回购股份方案的议案》，同意公司使用自有资金或自筹资金以 集中竞价交易方式回购部分公司已在境内发行的人民币普通股（A 股）股票，回购的公司股份 将用于股权激励计划或员工持股计划。本次回购总金额为不低于人民币 5000 万元(含)，不超 过人民币 10,000 万元（含），回购价格不超过 15 元/股（含），若按回购总金额上、下限和回 购股份价格上限测算，预计回购股份数量约为 3,333,333 股-6,666,667 股，约占公司总股本 的 1.09%-2.1 ...