证券代码：300457 证券简称：赢合科技 公告编号：2025-036 深圳市赢合科技股份有限公司 关于回购注销部分限制性股票的公告 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。 深圳市赢合科技股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召 开的第五届董事会第十八次会议、第五届监事会第十三次会议，审议通过了《关 于回购注销部分限制性股票的议案》，现将相关事项说明如下： 一、2022 年限制性股票激励计划已履行的相关审批程序 1、2022 年 11 月 11 日，公司第四届董事会第三十二次会议审议通过《关于 公司 2022 年限制性股票激励计划（草案）及其摘要的议案》《关于公司 2022 年 限制性股票激励计划实施考核管理办法的议案》《关于提请股东大会授权董事会 办理公司 2022 年限制性股票激励计划相关事宜的议案》。同日，公司第四届监事 会第二十二次会议审议上述议案并对本激励计划的激励对象名单进行核实，公司 独立董事就本激励计划发表了同意的独立意见。 2、2022 年 11 月 23 日，公司对本次激励对象名单进行了公示，公示时间为 ...

广东华商律师事务所 法律意见书 中国深圳福田区深南大道 4011 号港中旅大厦 21A-3 层、第 22A、23A、24A、25A、26A 层， 21A-3/F., 22A/F.,23A/F.,24A/F., 25A/F., 26A/F., CTS Tower, No.4011, ShenNan Road, ShenZhen, 电话（Tel.）：（86）0755-83025555；传真（Fax.）：（86）0755-83025068, 83025058 邮编(P.C.)：518048；网址（Website）：https://www.huashanglawyer.com 广东华商律师事务所 关于深圳市赢合科技股份有限公司 2022 年限制性股票激励计划之 回购注销部分限制性股票的 法律意见书 广东华商律师事务所 | | | 广东华商律师事务所 法律意见书 广东华商律师事务所 关于深圳市赢合科技股份有限公司 2022 年限制性股票激励计划之 回购注销部分限制性股票的 二○二五年四月 中国深圳福田区深南大道 4011 号港中旅大厦 21A-3 层、第 22A、23A、24A、25A、26A 层 法律意见书 致：深圳 ...

Financial Performance - The company's basic earnings per share decreased by 91.67% to 0.0200 yuan in Q1 2025 compared to Q1 2024, which was 0.2400 yuan [1] - Net profit for Q1 2025 was 0.15 billion yuan, a decline of 90.57% from 1.59 billion yuan in Q1 2024 [1] - Operating revenue fell by 28.3% to 13.38 billion yuan in Q1 2025 from 18.66 billion yuan in Q1 2024 [1] - The return on equity (ROE) dropped to 0.23% in Q1 2025, down from 2.53% in Q1 2024, marking a 90.91% decrease [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 32,014.13 million shares, accounting for 50.28% of the circulating shares, with a decrease of 1,315.19 million shares from the previous period [1] - Shanghai Electric Automation Group Co., Ltd. remains the largest shareholder with 18,442.68 million shares, representing 28.97% of the total share capital [2] - Notable changes include a decrease of 345.92 million shares held by Hong Kong Central Clearing Limited [2] Dividend Distribution - The company has announced that there will be no distribution or transfer of dividends this time [3]

Revenue and Profit - The company's revenue for the first quarter was ¥1,338,056,868.13, a decrease of 28.29% compared to ¥1,865,810,442.46 in the same period last year[6] - Net profit attributable to shareholders was ¥15,164,196.55, down 90.43% from ¥158,525,394.16 year-on-year[6] - Total operating revenue for the current period is ¥1,338,056,868.13, a decrease of 28.2% compared to ¥1,865,810,442.46 in the previous period[21] - Net profit for the current period is ¥85,706,299.32, a decline of 70.2% compared to ¥288,197,910.02 in the previous period[22] - Basic and diluted earnings per share for the current period are both ¥0.02, down from ¥0.24 in the previous period[22] Cash Flow - The net cash flow from operating activities was -¥399,303,079.98, representing an 8.90% decline compared to -¥366,652,929.13 in the previous year[6] - Cash flow from operating activities increased to ¥2,183,860,968.57, up 27.8% from ¥1,708,373,488.31 in the previous period[24] - The net cash inflow from operating activities was -$399,303,079.98, compared to -$366,652,929.13 in the previous period, indicating a decline in operational cash flow[25] - The company reported a total cash outflow from operating activities of $2,684,562,296.81, compared to $2,150,510,541.05 previously, highlighting increased operational costs[25] Assets and Liabilities - The total assets at the end of the reporting period increased by 5.69% to ¥15,601,049,644.04 from ¥14,761,461,806.85 at the end of the previous year[6] - Total assets amount to ¥15,601,049,644.04, an increase from ¥14,761,461,806.85 in the previous period[20] - Total liabilities are ¥8,677,478,427.32, compared to ¥7,801,638,735.17 in the previous period, reflecting an increase of 11.2%[20] - The company reported a decrease in equity attributable to shareholders by 3.06% to ¥6,374,479,038.53 from ¥6,575,919,659.20 at the end of the previous year[6] Expenses - Research and development expenses rose by 41.11% to ¥135,835,345.27 as the company accelerated new product launches[11] - Research and development expenses for the current period are ¥135,835,345.27, an increase of 41.2% compared to ¥96,259,056.17 in the previous period[21] - The company experienced a 103.08% increase in selling expenses, totaling ¥78,698,601.99, due to intensified global market expansion efforts[11] - Total operating costs for the current period are ¥1,238,231,554.83, down 18.3% from ¥1,514,779,821.55 in the previous period[21] Shareholder Activities - The company repurchased a total of 4,850,900 shares, accounting for 0.75% of the total share capital, with a total transaction amount of approximately CNY 98.93 million[17] - The first unlock period for the 2022 restricted stock incentive plan has been met, allowing 99,227 shares to be released, which is 0.15% of the total share capital[17] - The company reported a total of 140 eligible participants for the stock incentive plan, indicating a broad engagement in the incentive program[17] Other Financial Metrics - The weighted average return on net assets decreased to 0.23%, down 2.30% from 2.53% in the previous year[6] - The company reported an investment loss of ¥1,995,258.91, contrasting with a gain of ¥95,600.00 in the previous period[22] - The company did not recover any cash from investments during the period, contrasting with $280,116,000.00 in the previous period, reflecting a significant change in investment strategy[25] - The company received $840,000,000.00 in borrowings during the financing activities, which was not present in the previous period[25]

证券代码：300457 证券简称：赢合科技 公告编号：2025-031 深圳市赢合科技股份有限公司 关于持股 5%以上股东部分股份解除质押的公告 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。 深圳市赢合科技股份有限公司（以下简称"公司"）近日接到持股 5%以上 股东王维东先生及其一致行动人许小菊女士的通知，获悉其将持有公司的部分股 份办理了股票解除质押业务，具体事项如下： 二、股东股份累计质押情况 截至本公告披露日，上述股东及其一致行动人所持质押股份情况如下： 股东名称 是否为控股股东 或第一大股东及 其一致行动人 本次解除质 押股份数量 （股） 占其所 持股份 比例 占公司 总股本 比例 起始日 解除日期 质权人 王维东 否 37,244,787 33.33% 5.74% 2019 年 11 月 27 日 2025 年 4 月 16 日 上海电气集团 股份有限公司 许小菊 否 3,918,886 33.33% 0.60% 2019 年 11 月 27 日 2025 年 4 月 16 日 上海电气集团 股份有限公司 合计 41,163,673 33.33% ...

证券代码：300457 证券简称：赢合科技 公告编号：2025-030 深圳市赢合科技股份有限公司 关于 2022 年限制性股票激励计划第一个解除限售期 股份上市流通的提示性公告 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、误导性陈述或者重大遗漏。 特别提示： 1、本次符合解除限售的激励对象共 140 名，可解除限售的限制性股票共计 99.2277 万股，占公告日公司股本总额的 0.15%。 2、本次解除限售股份的上市流通日为 2025 年 4 月 11 日（星期五）。 深圳市赢合科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召 开的第五届董事会第十七次会议、第五届监事会第十二次会议分别审议通过《关 于 2022 年限制性股票激励计划第一个解除限售期解除限售条件成就的议案》。 一致认为公司 2022 年限制性股票激励计划授予的限制性股票第一个限售期已届 满，解除限售条件已达成，满足公司《2022 年限制性股票激励计划（草案）》 （以下简称"本激励计划"）第一个解除限售期的解除限售条件。截至本公告日， 公司办理了本次解除限售股份上市流通的相关手续。现将有关情 ...

证券代码：300457 证券简称：赢合科技 公告编号：2025-029 深圳市赢合科技股份有限公司（以下简称"公司"）于2025年1月23日召开 的第五届董事会第十五次会议、第五届监事会第十一次会议，审议通过了《关于 回购公司股份方案的议案》，同意公司使用自有资金和/或自筹资金以集中竞价 交易方式进行回购部分公司已发行的人民币普通股（A股）股票，拟用于员工股 权激励。本次回购股份的资金总额不低于人民币10,000万元（含）且不超过人民 币20,000万元（含），具体回购资金总额以实际使用的资金总额为准，回购价格 不超过人民币28.94元/股（含），实际回购价格由公司董事会授权公司管理层在 本次回购实施期间结合公司股票价格、财务状况和经营状况确定，实施期限为自 公司董事会审议通过回购股份方案之日起8个月内。具体内容详见公司近期刊登 在巨潮资讯网（http://www.cninfo.com.cn）的《回购公司股份报告书》等相关 公告。 根据《深圳证券交易所上市公司自律监管指引第9号——回购股份》等相关 规定，公司回购股份占公司总股本的比例每增加百分之一的，应当在事实发生之 日起三个交易日内予以披露。现将公司回购股 ...

一、回购公司股份的进展情况 关于回购公司股份的进展公告 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。 深圳市赢合科技股份有限公司（以下简称"公司"）于2025年1月23日召开 的第五届董事会第十五次会议、第五届监事会第十一次会议，审议通过了《关于 回购公司股份方案的议案》，同意公司使用自有资金和/或自筹资金以集中竞价 交易方式进行回购部分公司已发行的人民币普通股（A股）股票，拟用于员工股 权激励。本次回购股份的资金总额不低于人民币10,000万元（含）且不超过人民 币20,000万元（含），具体回购资金总额以实际使用的资金总额为准，回购价格 不超过人民币28.94元/股（含），实际回购价格由公司董事会授权公司管理层在 本次回购实施期间结合公司股票价格、财务状况和经营状况确定，实施期限为自 公司董事会审议通过回购股份方案之日起8个月内。具体内容详见公司近期刊登 在巨潮资讯网（http://www.cninfo.com.cn）的《回购公司股份报告书》等相关 公告。 根据《深圳证券交易所上市公司自律监管指引第9号——回购股份》等相关 规定，公司应当在每个月的前三个 ...

Group 1 - The company achieved a revenue of 30.9 billion yuan in 2024, a year-on-year decrease of 21.9%, but net profit increased by 622% to 0.7 billion yuan, driven by revenue structure optimization and cost reductions from AI-enabled efficiency improvements [4][5] - The payment business showed marginal improvement with a revenue decline of 22.9% to 26.9 billion yuan, attributed to a 19% drop in total GPV and a slight decrease in payment rates [5][6] - The company’s overseas payment business expanded significantly, with transaction volume exceeding 1.1 billion yuan, a nearly fivefold increase year-on-year [5] Group 2 - The company reported a revenue of 31.48 billion yuan in 2024, a decrease of 17.2%, with a net profit of 2.34 billion yuan, down 68.98% [11][12] - The domestic acquiring business processed a total of 1.47 trillion yuan, maintaining stable monthly transaction volumes, while overseas market revenue reached 9.01 billion yuan, with a 63.61% increase in high-end market revenue [13][14] - The company’s AI digital employee product has been commercialized, with applications in digital marketing and e-commerce [15] Group 3 - China Aluminum reported a revenue of 237.07 billion yuan in 2024, an increase of 5.2%, and a net profit of 12.4 billion yuan, up 85.4% [16][17] - The increase in profits was primarily due to rising aluminum and alumina prices, with alumina revenue reaching 74 billion yuan, a 38.3% increase [18] - The company plans to distribute a cash dividend of 0.135 yuan per share, with a total dividend amount of 3.72 billion yuan, reflecting a payout ratio of 30.2% [20] Group 4 - Three Squirrels reported a revenue of 10.622 billion yuan in 2024, a year-on-year increase of 49.3%, with a net profit of 408 million yuan, up 85.51% [22][23] - The company’s online revenue reached 7.407 billion yuan, with significant growth in various channels, particularly Douyin [23][24] - The company is planning to issue H shares to enhance its brand and global supply chain capabilities [25][26] Group 5 - Kailai Ying reported total revenue of 5.805 billion yuan in 2024, a decrease of 25.82%, with a net profit of 949 million yuan, down 58.17% [27][28] - The small molecule business showed stable growth, with revenue of 4.571 billion yuan, reflecting an 8.85% increase when excluding large orders [28][29] - The emerging business segment achieved revenue of 1.226 billion yuan, a growth of 2.25% [29] Group 6 - Zhejiang Shuju reported a revenue of 3.097 billion yuan in 2024, a slight increase of 0.61%, with a net profit of 512 million yuan, down 22.84% [30][31] - The online gaming business generated 1.34 billion yuan in revenue, with a gross margin of 91.04% [33] - The company plans to distribute a cash dividend of 1.60 yuan per 10 shares, totaling 203 million yuan [32] Group 7 - Zhongke Xingtou focuses on the space-earth big data industry, with a projected revenue of 40.78 billion yuan in 2025, increasing to 63.98 billion yuan by 2027 [38][41] - The company has established a comprehensive digital earth solution, integrating data collection, processing, and application [39][40] - The company aims to expand its business into low-altitude economy and commercial aerospace sectors [40] Group 8 - Yinghe Technology reported a revenue of 8.524 billion yuan in 2024, a decrease of 12.58%, with a net profit of 503 million yuan, down 9.14% [43][44] - The lithium battery equipment segment faced challenges, while the electronic cigarette segment showed strong performance with a revenue of 3.191 billion yuan [44][45] - The company expects growth in the lithium battery equipment market due to domestic production recovery and expansion into overseas markets [45][46] Group 9 - Meiya Optoelectronics achieved a revenue of 2.311 billion yuan in 2024, a decrease of 4.7%, with a net profit of 649 million yuan, down 12.8% [48] - The color sorting machine business grew by 9.9%, while the medical equipment segment faced a decline of 33.4% [49] - The company anticipates a recovery in the medical equipment sector due to ongoing economic development and demographic trends [49]

事件: 2025 年3 月29 日，赢合科技发布2024 年年报。 2024 年：公司实现营收85.24 亿元，同比-12.58%；归母净利润5.03 亿元，同比-9.14%；毛利率30.3%， 同比+0.5pct；销售净利率12.3%，同比+1.9pct。 2024Q4：公司实现营收20.45 亿元，同比-9.20%；归母净利润0.07 亿元，同比-82.89%；经营活动净现 金流达9.28 亿元，超过前三季度累计负现金流，并创下单季度历史新高。 投资要点: 2024 全年锂电设备继续承压，Q4 订单回款或明显改善；电子烟表现持续亮眼。 1）锂电设备：2024年收入49.51 亿元，同比-19.41%；毛利率14.32%，同比-5.24pct；锂电设备及其他业 务净利润为-2.35 亿元，同比转亏。 2024 年公司锂电设备持续承压，主要受全年设备验收节奏放缓影响，公司也相应计提较多减值（资产 减值1.7 亿元，信用减值2.27 亿元）。 但从现金流来看，2024Q4 订单回款节奏或有明显加速。且目前存货已降至较低水平，后续减值有望持 续收窄。 2）电子烟：2024 年斯科尔收入31.91 亿元，同比-4. ...