之持续督导总结报告 财务顾问 关于 深圳中天精装股份有限公司详式权益变动报告书 天风证券股份有限公司 二零二五年九月 释 义 除非另有说明，以下简称在本持续督导意见中的含义如下： | 中天精装、上市公 | 指 | 深圳中天精装股份有限公司 | | --- | --- | --- | | 司、公司 | | | | 收购人、信息披露 | 指 | 东阳城同企业发展合伙企业（有限合伙） | | 义务人、东阳城同 | | | | 东阳国资办 | 指 | 东阳市人民政府国有资产监督管理办公室 | | 中天荣健 | 指 | 宿迁市中天荣健企业管理有限公司 | | 乔荣健、出让方 | 指 | 宿迁市中天荣健企业管理有限公司股东 | | 《股权转让协议》 | 指 | 2023年12月13日，东阳城同与乔荣健签署的《关于宿迁市中 | | | | 天荣健企业管理有限公司之股权转让协议》 | | 本次权益变动、本 | | 2023年12月13日，东阳城同与乔荣健签署《股权转让协 | | | | 议》，东阳城同通过协议转让方式受让乔荣健持有的中天荣 | | | 指 | 健55.7613%的股权，股权转让完成后，东阳城同将取得中 | | ...

（编辑 王雪儿） 证券日报网讯 中天精装9月9日在互动平台回答投资者提问时表示，公司基于现阶段业务布局与未来发 展规划，对经营范围进行相应调整。公司2025年上半年新设控股子公司拟开展半导体封测设备有关业 务，对外投资间接参股HBM设计制造、先进封装、半导体ABF载板领域优质企业，推动参控股企业协 同发展。公司间接参股的科睿斯半导体科技（东阳）有限公司、合肥鑫丰科技有限公司、深圳远见智存 科技有限公司不是公司合并报表范围内企业，采用权益法核算。关于公司主营业务情况、参控股企业经 营情况，可详见公司2025年8月30日披露的《2025年半年度报告》。 ...

Market Overview - On September 4, the decoration and renovation sector rose by 0.39% compared to the previous trading day, with Haoer Sai leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Key stocks in the decoration and renovation sector showed varied performance, with Haoer Sai (002963) closing at 12.93, up 3.19% with a trading volume of 113,500 shares and a turnover of 147 million yuan [1] - Other notable performers included Weiye Co. (300621) with a closing price of 9.02, up 2.85%, and Hainan Development (002163) at 9.25, up 2.32% [1] Capital Flow - The decoration and renovation sector experienced a net outflow of 2.1656 million yuan from institutional investors, while retail investors saw a net inflow of 10.5 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Zhongtian Jingzhuang (002989) had a significant net outflow of 44.7235 million yuan from institutional investors, indicating a bearish sentiment [3] - Hainan Development (002163) saw a net inflow of 847.92 thousand yuan from institutional investors, suggesting some positive interest [3] - The capital flow data highlights the divergence in investor sentiment across different stocks within the sector [3]

Core Viewpoint - Shenzhen Zhongtian Decoration Co., Ltd. has established an external guarantee management system to enhance internal control, protect investors' rights, and effectively manage external guarantee risks [1][2]. Group 1: External Guarantee Management System - The system applies to the company, its subsidiaries, and non-consolidated affiliated companies providing guarantees [1]. - Guarantees require approval from the board of directors or shareholders' meeting, and branches are prohibited from providing guarantees [1]. - All directors must carefully manage and control the debt risks associated with external guarantees and are legally responsible for any losses from illegal guarantees [1]. Group 2: Eligibility and Conditions for Guarantees - The company can provide guarantees primarily for wholly-owned subsidiaries, controlling subsidiaries, and affiliated companies, which must meet criteria such as borrower qualifications, good credit, and strong repayment ability [1][2]. - Guarantees will not be provided for entities with funding misalignment or financial fraud [1]. Group 3: Approval Procedures and Risk Control - The highest decision-making body for external guarantees is the shareholders' meeting, with the board of directors exercising decision-making authority within specified limits [2]. - Guarantees exceeding 10% of the latest audited net assets require board review and shareholder approval, while other guarantees are subject to board review and disclosure [2]. - The company must not exceed its capital contribution when providing guarantees to subsidiaries and affiliated companies, and other shareholders must provide proportional guarantees [2]. Group 4: Contract Management and Accountability - Guarantee contracts must be in written form, and responsible parties must rigorously review legal documents [2]. - The company is required to manage guarantee contracts and documentation properly, ensuring timely registration of counter-guarantees [2]. - The designated department must conduct investigations and monitor the financial health of guaranteed entities, taking proactive measures to mitigate risks if they arise [2]. - Violations of the system may result in disciplinary actions against responsible individuals by the board of directors [2].

Group 1 - The core viewpoint of the news is that Zhongtian Decoration has seen an increase in shareholder accounts and stock price performance, indicating positive market sentiment and investor interest [1][2] - As of June 30, 2025, the number of shareholders for Zhongtian Decoration reached 11,700, an increase of 1,355 accounts or 13.1% compared to March 31, 2025 [1][2] - The average shareholding value per account is 577,700 yuan, which is higher than the industry average of 158,700 yuan for A-share listed companies in the decoration industry [1][2] Group 2 - From March 31, 2025, to June 30, 2025, Zhongtian Decoration's stock price increased by 28.02%, coinciding with the increase in shareholder accounts [1][2] - During the same period, the net inflow of main funds was 203 million yuan, while retail investors experienced a net outflow of 177 million yuan [2] - The average number of shares held per account decreased from 19,000 to 17,200 shares during the same timeframe [1][2]

Group 1 - The company Zhongtian Jingzhuang (002989) reported a revenue of 128 million yuan for the first half of 2025, representing a year-on-year decline of 32.72% [1] - The net profit for the same period was -25.0283 million yuan, which is a year-on-year increase of 45.08% [1] - The basic earnings per share were -0.1300 yuan, and the weighted average return on equity (ROE) was -1.71% [1]

Core Viewpoint - The company is actively pursuing a strategic transformation by expanding into the semiconductor and AI integration sectors while maintaining stable operations in its traditional business. Group 1: Traditional Business Optimization - The company focuses on optimizing its traditional business structure, primarily in the bulk decoration service sector, serving leading real estate enterprises with a strong delivery capability and standardized operation system [2] - In the first half of 2025, the company's revenue from decoration services was 123.34 million yuan, with the top five clients accounting for 76.52% of total revenue [2] - The company has established new wholly-owned subsidiaries to enhance its comprehensive service capabilities, aiming to create an integrated "design-construction-decoration" model [2] Group 2: Semiconductor Industry Layout - The company has made significant investments in the semiconductor industry chain, focusing on advanced packaging, HBM storage, and ABF substrates, aligning with national self-sufficiency and the computing power era [3] - A new subsidiary, Micro Packaging Technology, has been established to focus on semiconductor packaging equipment, and another subsidiary, Zhongtian Data, is dedicated to AI integration services and big data applications [3] - The company has indirect stakes in projects like the high-end substrate project, which is expected to begin trial production in the third quarter, and is making progress in HBM chip domestic substitution [3] Group 3: Overall Strategic Transformation - The company is entering a new stage of strategic transformation, driven by internal improvements in traditional business, new business initiatives, and enhanced internal controls and management quality [4]

格隆汇8月29日丨中天精装(002989.SZ)公布2025年半年度报告，上半年公司实现营业收入1.28亿元，同 比下降32.72%；归属于上市公司股东的净利润-2502.83万元；归属于上市公司股东的扣除非经常性损益 的净利润-4479.07万元；基本每股收益-0.1300元。 ...

深圳中天精装股份有限公司 投 资 者 关 系 管 理 制 度 第一章 总则 第一条 为进一步规范深圳中天精装股份有限公司（以下简称"公司"）投 资者关系管理工作，加强公司与投资者之间的有效沟通，促进公司完善治理，根 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》）《上市公司投资者关系管理工作指引》《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》等有关法律、法规、 规范性文件以及《深圳中天精装股份有限公司章程》（以下简称《公司章程》） 的有关规定，结合公司实际情况，特制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者及潜在投资者（以下统称"投资者"）之 间的沟通，增进投资者对公司的了解和认同，以提升公司治理水平和企业整体价 值，以实现尊重投资者、回报投资者、保护投资者目的的相关活动。 第三条 公司以及董事、监事、高级管理人员和相关工作人员开展投资者关 系管理工作，应当遵守法律法规和深圳证券交易所（以下简称"交易所"）其他 相关规定，体现公平、公正、公开原则，客观、真实、准确、 ...

深圳中天精装股份有限公司 信 息 披 露 事 务 管 理 制 度 第一章 总 则 第一条 深圳中天精装股份有限公司（以下简称"公司"）为规范信息披露行 为，确保公司信息披露的真实、准确、完整与及时，切实保护公司、股东及投资 者的合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司信息披露管理办法》《上市公司治理准则》《深圳证券交易所股票上市规 则》（以下简称"《上市规则》"）、《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》（以下简称"《规范运作》"）、《深圳证券交 易所上市公司自律监管指引第 5 号——信息披露事务管理》及《上市公司信息披 露暂缓与豁免管理规定》等相关法律、法规、规范性文件以及《公司章程》的规 定，制定本制度。 第二条 本制度所称"信息披露"是指将法律、法规、证券监管部门规定要求 披露的已经或可能对公司股票及其衍生品种（以下统称"证券"）交易价格产生重 大影响的信息，在规定时间内、在规定的媒体上、按规定的程序、以规定的方式 向社会公众公布，并按规定的时限及程序送达证券监管部门和深圳证券交易所 （以下简称"交易所"）审核备案。 第三条 本制度所称" ...