中国·北京市朝阳区建国门外大街 2 号银泰中心 C 座 11、12 层 电话： (+86 10) 8540 7666 邮编：100022 www.deheheng.com 北京德和衡律师事务所 关于青岛伟隆阀门股份有限公司 2025年第二次临时股东大会的 法律意见书 北京德和衡律师事务所 关于青岛伟隆阀门股份有限公司 2025年第二次临时股东大会的 法律意见书 德和衡证见意见（2025）第181号 德和衡证见意见（2025）第181号 致：青岛伟隆阀门股份有限公司 北京德和衡律师事务所（以下简称"本所"）接受青岛伟隆阀门股份有限公司（以下简称"公 司"或"贵公司"）的委托，指派本所律师出席贵公司 2025 年第二次临时股东大会。本所律师依 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《青岛伟隆 阀门股份有限公司章程》（以下简称"《公司章程》"）及相关法律法规以及规范性文件的规定， 就本次股东大会的有关事宜出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、会议召集人和出席会议人员 ...

Group 1 - The company has entered the liquid cooling valve certification process with Microsoft and Nvidia, indicating a strong market position and potential for growth in this sector [2] - The company's liquid cooling valves are reportedly at full production and sales capacity this year, suggesting high demand and operational efficiency [2] - The company has confirmed that its production capacity in Saudi Arabia officially commenced in June this year, with plans for production in Thailand to begin by October 2027 [2]

Group 1 - The core point of the news is that Weilon Co., Ltd. experienced a stock price increase of 5.05%, reaching 18.11 CNY per share, with a trading volume of 237 million CNY and a turnover rate of 8.74%, resulting in a total market capitalization of 4.561 billion CNY [1] - Weilon Co., Ltd. is based in Qingdao, Shandong Province, and was established on June 8, 1995. It was listed on May 11, 2017. The company's main business involves the production and sales of valves and their accessories, automotive parts castings, and pipe fittings [1] - The revenue composition of Weilon Co., Ltd. is as follows: valve sales account for 80.11%, valve parts and pipe fittings sales for 11.72%, mechanical castings and others for 4.44%, and filter sales for 3.72% [1] Group 2 - Among the top ten circulating shareholders of Weilon Co., Ltd., a fund under Nuoan Fund ranks as a significant shareholder. The Nuoan Multi-Strategy Mixed A Fund (320016) entered the top ten circulating shareholders in the second quarter, holding 939,800 shares, which represents 0.78% of the circulating shares [2] - The Nuoan Multi-Strategy Mixed A Fund (320016) was established on August 9, 2011, with a latest scale of 1.399 billion CNY. The fund has achieved a return of 60.88% year-to-date, ranking 331 out of 8,175 in its category; over the past year, it has returned 119.28%, ranking 181 out of 7,982; and since inception, it has returned 210.5% [2] Group 3 - The fund managers of Nuoan Multi-Strategy Mixed A Fund (320016) are Kong Xianzheng and Wang Haichang. As of the report, Kong Xianzheng has a tenure of 4 years and 290 days, managing a total fund size of 4.607 billion CNY, with the best fund return during his tenure being 75.42% and the worst being -16.74% [3] - Wang Haichang has a tenure of 3 years and 52 days, managing a total fund size of 2.529 billion CNY, with the best fund return during his tenure being 63.08% and the worst being -18.8% [3]

Investment Rating - The report maintains a strong buy recommendation for the industry, highlighting specific companies such as Juxing Technology, QuanFeng Holdings, Jack Technology, and Honghua Digital Science as key investment opportunities [4][9]. Core Insights - The overall revenue growth rate for the sample companies in the first half of 2025 was 15.04%, while the net profit growth rate was 23.34%, indicating that profit growth outpaced revenue growth [3][15]. - The average gross margin for the sample companies in the first half of 2025 was 30.95%, a slight decrease of 0.53 percentage points year-on-year, while the average net margin increased by 0.96 percentage points to 14.15% [3][21]. - Cash flow conditions improved significantly, with operating net cash flow rising from 5.384 billion in the first half of 2024 to 6.978 billion in the first half of 2025 [3][21]. Summary by Sections 1. Overview of Consumer Goods Export Chain Companies - The report analyzes 21 companies in the mechanical industry that primarily serve the C-end consumer market or manufacture products for C-end consumption, with a significant portion of their revenue coming from overseas markets [2][12]. 2. Stock Performance - Stock performance showed significant differentiation, with companies in the garden tools and two-wheeler sectors performing well. Notable performers in Q1 2025 included Jiexing Technology and QuanFeng Holdings, driven by the robotics sector [7][13]. 3. Profit Growth Outpacing Revenue Growth - The report notes that several companies experienced revenue growth exceeding 20%, including Daya Co. with a 132.3% increase in revenue due to seasonal demand and acquisitions [15][16]. 4. Profitability Improvement - Most sample companies demonstrated strong profitability, with net profit margins increasing year-on-year. Companies like Yindu Co. and Honghua Digital Science reported high net margins of 24.3% and 25.47%, respectively [21][22]. 5. Cash Flow Status - The cash flow situation for the sample companies is reported to be good, with a net cash ratio consistently above 1, indicating healthy cash flow management [3][21]. 6. Future Outlook - The report emphasizes the importance of monitoring tariff and interest rate changes, which could catalyze demand in certain sub-industries. The anticipated interest rate cuts in the U.S. are expected to enhance demand elasticity for related products [8][9]. 7. Investment Recommendations - The report suggests focusing on companies with advanced global layouts that are likely to gain market share amid tariff changes. Specific recommendations include Juxing Technology, QuanFeng Holdings, and Jack Technology [8][9].

Group 1: Company Overview and Market Strategy - The company has a global market layout, leveraging a mature sales network and localized operational teams, with production capacity established in the Middle East and Southeast Asia, and plans for Europe and North America in the future [2]. - The first production base in the Middle East is expected to achieve stable supply by June 2025, while the Southeast Asia manufacturing center in Thailand is set to complete construction by 2026 [2][3]. - The company focuses on six application areas: municipal water supply, water conservancy projects, fire protection water supply, HVAC, smart energy-saving, and gas [3]. Group 2: Financial Performance - In the first half of the year, the company achieved revenue and net profit growth, attributed to its focus on the water supply and gas industries [3]. - R&D investment increased by 22.12% year-on-year, with a strong emphasis on innovation and technology advancement [3]. Group 3: Project Development - The smart energy-saving valve project has a total investment of CNY 293.78 million, with 55.06% of the budget utilized as of June 30, 2025 [3]. - The company has established a complete R&D system and has received multiple domestic and international certifications, enhancing its technological innovation capabilities [3]. Group 4: Risk Management and Investor Relations - The company has implemented measures to protect shareholder rights, including a governance structure that ensures compliance and equal rights for shareholders [4]. - A stable profit distribution policy has been maintained, with cash dividends distributed as follows: CNY 3.00 per 10 shares in 2022, CNY 3.00 in 2023, CNY 0.50 in Q1 2024, CNY 3.50 in 2024, and a proposed CNY 0.50 in the first half of 2025 [4]. - The company has a foreign exchange hedging management system to mitigate currency risk, ensuring that all hedging activities are based on normal business operations [5].

（文章来源：证券日报） 证券日报网讯伟隆股份9月8日在互动平台回答投资者提问时表示，公司主营业务定位于市政给排水、水 利工程、消防给水、空调暖通、智慧节能、燃气六大应用领域。 ...

9月8日，伟隆股份跌5.05%，截至发稿，报16.55元/股，成交1.93亿元，换手率7.44%，总市值41.68亿 元。 资料显示，青岛伟隆阀门股份有限公司位于山东省青岛市高新区春阳路789号，成立日期1995年6月8 日，上市日期2017年5月11日，公司主营业务涉及阀门及其配件、汽车配件铸件、管件的生产、销售及 相关业务。主营业务收入构成为：阀门销售80.11%，阀门零件及管件销售11.72%，机械铸件及其他 4.44%，过滤器销售3.72%。 从伟隆股份十大流通股东角度 诺安多策略混合A（320016）基金经理为孔宪政、王海畅。 截至发稿，孔宪政累计任职时间4年287天，现任基金资产总规模46.07亿元，任职期间最佳基金回报 72.32%， 任职期间最差基金回报-16.74%。 王海畅累计任职时间3年49天，现任基金资产总规模25.29亿元，任职期间最佳基金回报60.19%， 任职 期间最差基金回报-18.8%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责 ...

Core Viewpoint - Qingdao Weilon Valve Co., Ltd. announced a reduction in shares held by its controlling shareholder and actual controller, which has reached a threshold of 1% in terms of shareholding percentage [1][4]. Summary by Sections Shareholding Changes - The controlling shareholder, Fan Qingwei, along with his associates, holds a total of 141,388,455 shares, representing 56.1391% of the company's total shares, excluding 4,869,770 shares held in the company's repurchase account [2]. - From September 1 to September 4, 2025, Qingdao Huilong Enterprise Management Co., Ltd. reduced its holdings by 850,212 shares, which accounts for 0.3376% of the total shares after excluding the repurchased shares [2][4]. Compliance and Commitments - The reduction in shares is in line with the previously disclosed plan, and the company confirms that it has adhered to all relevant commitments without any violations of applicable laws or regulations [4][5]. - The total planned reduction by Huilong Management is up to 1,892,825 shares within three months from the announcement date, which remains within the disclosed reduction plan [4][6].

Core Viewpoint - Qingdao Weilon Valve Co., Ltd. announced a reduction in shares by its controlling shareholder and actual controller's concerted action party, which has reached a 1% integer multiple threshold [1] Share Reduction Analysis - From September 1 to September 4, 2025, the concerted action party of controlling shareholders, Qingdao Huilong Enterprise Management Co., Ltd., reduced its holdings by a total of 850,212 shares, accounting for 0.3442% of the company's total shares after excluding 4,869,770 shares held in the company's repurchase account, and 0.3376% when not excluding the repurchase account [2] - Before the reduction, Fan Qingwei held 122,460,000 shares (48.62% of total capital excluding repurchased shares, 49.58% including repurchased shares), Fan Yulong held 8,171,475 shares (3.24% excluding, 3.31% including), and Huilong Management held 10,756,980 shares (4.27% excluding, 4.36% including), totaling 141,388,455 shares (56.14% excluding, 57.25% including) [2] Post-Reduction Shareholding Situation - After the reduction, Fan Qingwei and Fan Yulong's shareholding remained unchanged, while Huilong Management's holdings decreased to 9,906,768 shares (3.93% excluding, 4.01% including), totaling 140,538,243 shares (55.80% excluding, 56.90% including) [3] Review of Reduction Plan - According to the notice from Huilong Management, Weilon Valve disclosed a pre-announcement of the reduction plan on August 8, 2025, intending to reduce up to 1,892,825 shares within three months after the announcement, which is 0.7664% of the total shares excluding repurchased shares (0.7516% including) [4] - As of September 6, 2025, Huilong Management has complied with its commitments, and the reduction aligns with the previously disclosed plan, with the number of shares reduced within the announced range [4]

股票代码：002871 股票简称:伟隆股份 公告编号：2025-100 青岛伟隆阀门股份有限公司 一、权益变动触及 1%整数倍的情况说明 1.基本情况 | 信息披露义 务人 | | 青岛惠隆企业管理有限公司 | | | --- | --- | --- | --- | | 住所 | 山东省青岛市高新区汇智桥路 | 127 号青岛国家大学科技园 A695(集中办公区） | C4 栋 303 室 | | 权益变动时 间 | 2025 年 9 月 | 1 日-2025 年 9 月 4 日 | | | 惠隆管理于 权益变动过 积减持 程 4,869,770 | 2025 年 9 月 1 850,212 股后为 246,984,075 专户持有股份后的股份比例为 | 日-2025 年 9 月 4 股股份,占公司股份总数剔除公司回购股份专户持有的 股的股份比例为 0.3376%）。 | 日通过集中竞价交易方式累 0.3442%（占未剔除回购 | | 股票简称 | 伟隆股份 | 股票代码 | 002871 | | 增加□ 变动类型 （可多选） | 减少 ☑ □不变，但持股 人发生变化 | 有无一致行动人 | 有□无☑ | | ...