2025 年第二次临时股东大会的 南京市鼓楼区集庆门大街 270 号苏宁环球国际中心 43 层 电话：025- 85803866 传真：025- 85803680 邮编：210029 北京国枫（南京）律师事务所 关于天津鹏翎集团股份有限公司 法律意见书 国枫律股字[2025]H0041 号 致：天津鹏翎集团股份有限公司（贵公司） 北京国枫（南京）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师 出席并见证贵公司 2025 年第二次临时股东大会（以下简称"本次会议"）。 本所律师根据《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》"）、《律师事务所从事证券法律业务管理 办法》（以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试 行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政法规、规章、规范性 文件及《天津鹏翎集团股份有限公司章程》（以下简称"《公司章程》"）的规定，就本 次会议的召集与召开程序、召集人资格、出席会议人员资格、会议表决程序及表决结果 等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如 ...

证券代码：300375 证券简称：鹏翎股份 公告编码：2025-041 天津鹏翎集团股份有限公司 2025年第二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。 特别提示： 1、本次股东大会无增加、变更、否决提案的情况； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开的基本情况 天津鹏翎集团股份有限公司（以下简称"公司"或"鹏翎股份"） 2025 年第二次 临时股东大会通知已于 2025 年 8 月 28 日以公告形式发出，具体内容详见当日 公司在中国证监会指定的创业板信息披露网站巨潮资讯网（www.cninfo.com.cn） 刊登的公告。 （一）会议召开情况： 1、现场会议时间：2025 年 9 月 19 日（星期五）下午 14:00 网络投票时间： 通过深圳证券交易所交易系统进行网络投票的日期和时间为2025年9月19 日 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开始投票的日期和时间为 2025 年 9 月 19 日 9:15--15:00 的任意时 ...

Core Viewpoint - The announcement from Pengling Co., Ltd. indicates that shareholder Wang Zhifang's shareholding ratio has been diluted due to the company's 2024 equity incentive plan, although the number of shares held remains unchanged [1] Summary by Relevant Sections - **Shareholding Changes** - Wang Zhifang held 303 million shares, representing 40.1352% of the total share capital before the change [1] - After the increase in total share capital to 760 million shares, his holding percentage decreased to 39.9049% [1] - **Impact on Control** - The change in shareholding does not involve a reduction in the number of shares held and will not lead to a change in the controlling shareholder or actual controller of the company [1] - Wang Zhifang remains the actual controller of the listed company [1] - **Future Plans** - Wang Zhifang has no plans to increase or decrease his holdings in the next 12 months [1]

天津鹏翎集团股份有限公司 简式权益变动报告书 上市公司名称：天津鹏翎集团股份有限公司 股票上市地点：深圳证券交易所 股票简称：鹏翎股份 股票代码：300375.SZ 信息披露义务人：王志方 住所：山东省荣成市****** 股份变动性质：不涉及持股数量的减少，持股比例被动稀释 签署日期：2025 年 9 月 1 信息披露义务人声明 一、信息披露义务人依据《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》"）、《上市公司收购管理 办法》（以下简称"《收购管理办法》"）、《公开发行证券的公司信息披露内 容与格式准则第 15 号——权益变动报告书》（以下简称"《准则 15 号》"）、 《证券期货法律适用意见第 19 号——<上市公司收购管理办法>第十三条、第十 四条的适用意见》及其他相关的法律法规和规范性文件编制。 二、信息披露义务人签署本报告书不违反信息披露义务人章程或内部规则中 的任何条款，或与之相冲突； 三、依据《公司法》《证券法》《收购管理办法》《准则 15 号》的规定， 本报告书已全面披露信息披露义务人在天津鹏翎集团股份有限公司中拥有权益 的股份变动情况。截 ...

证券代码：300375 证券简称：鹏翎股份 公告编号：2025-040 控股股东、实际控制人王志方先生保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 近日，天津鹏翎集团股份有限公司（以下简称"公司"）收到公司控股股 东、实际控制人王志方先生出具的《简式权益变动报告书》，截至公告披露日， 王志方先生持有公司股份的比例被动稀释至 39.9094%。本次权益变动具体情 况如下： 一、权益变动基本情况： 根据公司于 2023 年 3 月 15 日披露的简式权益变动报告书，本次权益变动 前，公司控股股东、实际控制人王志方先生持有公司股份 303,173,157 股，占 公司总股本的 40.1352%。 因公司 2024 年限制性股票激励计划首次授予部分第一个归属期股份上市 导致公司总股本增加。本次权益变动后，公司控股股东、实际控制人王志方先 生持有公司股份的比例被动稀释至 39.9094%，持有公司股份数量不变。变动 情况详见下表： | 股份性质 | ...

证券代码：300375 证券简称：鹏翎股份 公告编号：2025-039 天津鹏翎集团股份有限公司 关于 2024 年限制性股票激励计划首次授予部分 第一个归属期归属结果暨股份上市的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 本次归属股票上市流通安排：本次归属的限制性股票无其他限售安排， 股票上市后即可流通 天津鹏翎集团股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日召 开第九届董事会第十二次（定期）会议和第九届监事会第十次（定期）会议， 审议通过了《关于 2024 年限制性股票激励计划首次授予部分第一个归属期归 属条件成就的议案》。近日，公司办理了 2024 年限制性股票激励计划（以下 简称"本次激励计划"或"本激励计划"）首次授予的限制性股票第一个归属 期股份登记工作，现将相关事项说明如下： 一、本次激励计划实施情况概要 （一）本次激励计划简述 2024 年 6 月 14 日，公司召开 2024 年第一次临时股东大会，审议通过了 《关于<公司 2024 年限制性股票激励计划（草案 ...

Core Insights - The company emphasizes its research and development capabilities, particularly in the field of new energy thermal management, which is expected to yield practical benefits from its investments [2][3] - The company has set a strategic goal to achieve a revenue of 3 billion RMB by 2025, with a projected revenue of 2.45 billion RMB in 2024 and 1.29 billion RMB in the first half of 2025 [8] Research and Development - The company has three strategic considerations for R&D investment: supporting future orders, driving new market entries, and transitioning to a high-tech enterprise through core technology development [3] - The company has maintained significant R&D investment in the first half of 2025, focusing on new business growth points [2] Market Performance - The company's revenue from automotive fluid pipes and assemblies increased by 35% compared to the same period last year, driven by a focus on new energy vehicle cooling pipe projects [6] - The company's revenue from the sealing components business increased by 18.24% year-on-year in the first half of 2025, reflecting successful market expansion efforts [11] Strategic Partnerships and Market Expansion - The company has established long-term stable partnerships with several well-known automotive manufacturers, leveraging its extensive customer base [5] - In the first half of 2025, the company formed business collaborations with a Japanese automotive group and a strategic partnership with the French Delmon Group, indicating a proactive approach to international market expansion [9] Cost Management and Supply Chain - The company is focused on cost reduction and efficiency improvement through enhanced market research, price assessment, and inventory management [10] - In the first half of 2025, the company established institutional strategic cooperation with major material suppliers to optimize its supply chain [10] Talent Development - The company has been actively enhancing its talent pool by attracting high-end technical personnel in thermal management and fluid mechanics, and implementing innovative incentive mechanisms [7]

Group 1: Research and Development - The company emphasizes its capability in transforming research into practical applications, highlighting successful cases from the first half of 2025 that contributed to actual benefits [2][3] - In the first half of 2025, the company maintained significant R&D investments, focusing on new business areas and technological advancements to support its strategic planning [3][4] - The R&D strategy includes supporting future orders through current investments, entering new market segments, and enhancing product value to improve profitability [3][6] Group 2: Market Performance - The company reported a 35% increase in revenue from its automotive fluid pipeline and assembly business compared to the same period last year [6][11] - The sales of new energy vehicle-related products have improved due to the company's proactive adjustments to market demands, leading to better overall sales performance [5][6] - The overall revenue for the first half of 2025 increased by 18.24%, reflecting successful market expansion and strategic execution [11][12] Group 3: Competitive Advantages - The company has established long-term partnerships with several well-known automotive manufacturers, creating a stable customer base and a robust supply chain [6][11] - The focus on technological innovation and product quality enhancement has strengthened the company's competitive position in the automotive parts industry [6][12] - The company is exploring new business opportunities in response to the growing demand for integrated products in the automotive sector, particularly in the context of electric vehicles [10][12] Group 4: Strategic Planning and Future Outlook - The company aims to achieve a revenue target of 3 billion RMB by 2025, with 2024 revenue reaching 2.45 billion RMB, indicating a strong growth trajectory [8][9] - The next three-year strategic plan is under development, focusing on expanding market presence and addressing operational challenges identified in the previous plan [9][12] - The company is actively pursuing international market opportunities, having formed partnerships with foreign automotive groups to enhance its global footprint [9][12] Group 5: Talent and Organizational Development - The company is enhancing its talent acquisition strategies, focusing on high-end technical personnel to support its R&D efforts in new energy and fluid dynamics [7][12] - A dynamic incentive mechanism has been implemented to align employee interests with company growth, fostering a culture of innovation and efficiency [7][12] - The company is committed to optimizing its organizational structure to improve operational efficiency and support long-term strategic goals [7][12]

华泰联合证券有限责任公司 关于天津鹏翎集团股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：鹏翎股份 | | --- | --- | | 保荐代表人姓名：丁璐斌 | 联系电话：025-83387733 | | 保荐代表人姓名：孟超 | 联系电话：025-83387733 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1．公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限于 防止关联方占用公司资源的制度、募集资金管理制 | 是 | | 度、内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3．募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 不适用，公司 2022 年度向特定对象 发行股票募集资金已于 年 月 2023 3 使用完毕，且募集资金账户已注 ...

Core Viewpoint - Pengling Co., Ltd. reported mixed financial results for the first half of 2025, with revenue growth but significant declines in net profit and cash flow [1] Financial Performance - Total revenue for the first half of 2025 reached 1.29 billion yuan, an increase of 18.24% year-on-year [1] - Net profit attributable to shareholders was 27.44 million yuan, a decrease of 57.2% year-on-year [1] - In Q2 2025, total revenue was 655.6 million yuan, up 15.08% year-on-year, while net profit dropped 86.95% to 4.27 million yuan [1] - Gross margin was 19.53%, down 5.29% year-on-year, and net margin was 2.04%, down 65.24% [1] - Total operating expenses reached 140 million yuan, accounting for 10.87% of revenue, an increase of 10.59% year-on-year [1] Balance Sheet and Cash Flow - Accounts receivable increased by 55.89% year-on-year, reaching 973 million yuan [1] - Cash and cash equivalents decreased by 25.81% to 276.67 million yuan [1] - Interest-bearing debt rose by 43.84% to 334 million yuan [1] - Operating cash flow per share was -0.03 yuan, a decline of 136.77% year-on-year [1] Historical Performance and Business Model - The company's return on invested capital (ROIC) was 2.51% last year, indicating weak capital returns [3] - The historical median ROIC over the past decade was 4.92%, with a notable low of -2.69% in 2020 [3] - The business model relies heavily on research and marketing efforts, necessitating further investigation into these drivers [3] Cash Flow and Receivables Concerns - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 58.79% [3] - The ratio of accounts receivable to profit has reached 1253.48%, indicating potential issues with receivables management [3] Goodwill and Future Outlook - The company has goodwill primarily related to Hebei Xinou Automotive Parts Technology Co., Ltd., with potential impairment depending on future performance [3] - The sealing components segment has shown rapid revenue growth, which may mitigate goodwill impairment risks [3]