广东万里马实业股份有限公司董事会薪酬与考核委员会 关于 2025 年股票期权激励计划授予预留激励对象名单的核查意见 广东万里马实业股份有限公司（以下简称"公司"）董事会薪酬与考核委员 会根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激励 管理办法》等有关法律、法规及规范性文件以及《2025 年股票期权激励计划（草 案）》（以下简称"《激励计划》"或"本激励计划"）和《公司章程》的有关规定， 对本激励计划授予预留股票期权激励对象名单进行审核，发表意见如下： 3、公司本激励计划激励对象名单人员符合《公司法》《中华人民共和国证券 法》等法律、法规和规范性文件以及《公司章程》规定的任职资格，符合《上市 公司股权激励管理办法》等法律、法规和规范性文件规定的激励对象条件，符合 本激励计划规定的激励对象条件。 综上，公司薪酬与考核委员会认为本激励计划预留授予激励对象符合相关法 律、法规和规范性文件所规定的条件，其作为本激励计划的激励对象主体资格合 法、有效，本激励计划的预留授予条件已成就。同意公司本激励计划授予预留的 激励对象名单，同意以2025年10月23日为预留授予日，授予1名激励对象101.40 ...

证券代码：300591 证券简称：万 里 马 公告编号：2025-055 广东万里马实业股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1. 广东万里马实业股份有限公司（以下简称"公司"）第四届董事会第十三 次会议于 2025 年 10 月 20 日通过电话及书面送达方式送达至各位董事，通知中包 括会议的相关材料，同时列明了会议的召开时间、地点、内容和方式。 2. 本次董事会于 2025 年 10 月 23 日在公司会议室，以现场与通讯结合的方 式召开。 3. 本次董事会应出席董事 7 名，实际出席董事 7 名。会议由董事长林大洲先 生主持，公司高级管理人员列席了本次董事会。 4. 本次会议的召集、召开和表决程序符合《公司法》等法律法规和《公司章 程》的有关规定。 二、董事会会议审议情况 1. 审议通过《关于<公司 2025 年第三季度报告>的议案》 《公司 2025 年第三季度报告》已同步披露于巨潮资讯网（http://www.cninfo. com.cn）。 第四届董事会第十三次会议决议公告 1 根据《上市公司股权激励 ...

广东万里马实业股份有限公司 2025 年第三季度报告 证券代码：300591 证券简称：万里马 公告编号：2025-056 广东万里马实业股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度财务会计报告是否经过审计 □是 否 1 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 144,487,469.84 | -13.28% | 365,686,775.67 | -15.68% | | 归属于上市公司股东 | -29,954,558. ...

Core Viewpoint - The recent surge in stocks related to the "horse" concept reflects a speculative trend driven by emotions, with significant risks involved. Long-term stock prices are expected to revert to their intrinsic value, and investors may miss out on genuinely promising assets by chasing such themes [3][9][10]. Group 1: Stock Performance - Since July, 29 stocks with "horse" in their names have shown a notable increase, with an average rise of 59.85% year-to-date, significantly outperforming the A-share market's average increase of 33.51% [4][5]. - Seven stocks have more than doubled in value this year, with Jinma Amusement leading at a 267% increase [5][6]. - In July alone, Jinma Amusement saw a rise of over 90%, while several other "horse" stocks also experienced substantial gains [5][6]. Group 2: Market Dynamics - The market capitalization of "horse" related stocks ranges from 3.5 billion to 37.6 billion yuan, with 13 companies exceeding 10 billion yuan in market value [6]. - Despite the impressive stock performance, many of these companies have reported declining revenues or losses, indicating a disparity in the underlying business fundamentals [6][7]. Group 3: Speculative Behavior - The phenomenon of "zodiac stock" speculation is characterized by irrational market behavior and information asymmetry, leading to a bubble-like environment where prices deviate from fundamental values [9][10]. - The rise of social media and financial self-media has amplified the emotional contagion effect, making simplistic narratives like "buying horse stocks in the year of the horse" more prevalent [10][11].

Group 1 - The core viewpoint of the news is that Wanlima's stock has experienced significant fluctuations, with a year-to-date increase of 124.82% but a recent decline in the last five trading days by 12.83% [1] - As of October 21, Wanlima's stock price is 9.24 CNY per share, with a total market capitalization of 3.748 billion CNY [1] - The company has seen a net outflow of main funds amounting to 1.9641 million CNY, with large orders showing a slight imbalance between buying and selling [1] Group 2 - Wanlima, established on April 19, 2002, and listed on January 10, 2017, is primarily engaged in the research, design, production, and marketing of leather products [2] - The company's revenue composition includes leather and textile products (54.06%), skincare and beauty products (24.26%), fast-moving consumer goods (12.75%), online brand marketing services (8.80%), and others (0.13%) [2] - As of June 30, the number of shareholders increased to 77,900, with an average of 4,498 circulating shares per person, reflecting a significant decrease [2] Group 3 - Since its A-share listing, Wanlima has distributed a total of 25.5848 million CNY in dividends, with no dividends paid in the last three years [3]

Core Viewpoint - The Shanghai Composite Index fell by 1.95% on October 17, with the power equipment and electronics sectors experiencing the largest declines of 4.99% and 4.17%, respectively. The textile and apparel sector also saw a decrease of 0.61% [1]. Textile and Apparel Sector Summary - The textile and apparel sector experienced a net inflow of 155 million yuan, with 105 stocks in the sector. Out of these, 34 stocks rose, including 5 that hit the daily limit, while 70 stocks fell, with 1 hitting the lower limit [1]. - The top three stocks with the highest net inflow were: - Jihua Group: 293 million yuan, up 9.97% - Furui Shares: 158 million yuan, up 10.02% - Cuihua Jewelry: 80.5 million yuan, up 4.20% [1]. - The sector also had 20 stocks with net outflows exceeding 10 million yuan, with the largest outflows from: - Wanlima: 67.1 million yuan, down 6.69% - Seven Wolves: 44.6 million yuan, down 7.68% - Semir Apparel: 42.9 million yuan, down 3.35% [2][3].

Core Viewpoint - The Indian Ministry of Commerce has announced a definitive anti-dumping ruling against solar cells originating from or imported from China, suggesting a three-year anti-dumping duty based on CIF prices [1] Group 1: Anti-Dumping Duty Details - The anti-dumping duty applies to solar cells regardless of whether they are assembled into modules or made into panels [1] - The tax rates for involved manufacturers are as follows: Jinko Group and Trina Group have a tax rate of 0, while Aiko Group and non-sampled cooperating manufacturers face a tax rate of 23%, and other Chinese manufacturers are subject to a tax rate of 30% [1] Group 2: Product Specifications - The affected products include solar components or panels made from crystalline silicon (c-Si) or thin-film technology, including solar cells that are either "monocrystalline" or "polycrystalline" [1]

Market Overview - The Shanghai Composite Index closed at 3913.80 points, above the five-day moving average, with a decline of 0.51% [1] - The total trading volume of A-shares reached 16560.95 billion yuan [1] Stocks Performance - A total of 737 A-shares have surpassed the five-day moving average today [1] - Stocks with significant deviation rates include: - Chuling Information (300250) with a deviation rate of 9.06% and a daily increase of 12.94% [1] - Seven Wolves (002029) with a deviation rate of 9.01% and a daily increase of 10.01% [1] - Aonong Biological (603363) with a deviation rate of 7.74% and a daily increase of 10.04% [1] - Stocks with smaller deviation rates that just crossed the five-day moving average include: - Zhongjing Food (not specified) and Jincheng New Materials (not specified) [1] Detailed Stock Data - The following stocks showed notable performance: - Chuling Information (300250): Latest price 28.01 yuan, five-day moving average 25.68 yuan, turnover rate 37.07% [1] - Seven Wolves (002029): Latest price 9.12 yuan, five-day moving average 8.37 yuan, turnover rate 5.63% [1] - Aonong Biological (603363): Latest price 5.37 yuan, five-day moving average 4.98 yuan, turnover rate 6.52% [1] - Other notable stocks include: - Narl Co. (002825) with a 10.04% increase and a deviation rate of 7.70% [1] - HNA Technology (600751) with a 9.93% increase and a deviation rate of 7.56% [1]

Core Insights - The stock price of Wanlima has decreased by 2.05% on September 30, trading at 10.03 CNY per share with a total market capitalization of 4.069 billion CNY [1] - Year-to-date, Wanlima's stock has increased by 144.04%, but it has seen a decline of 12.78% in the last five trading days, 13.53% in the last twenty days, and 21.02% in the last sixty days [1] - The company has experienced significant net outflows of capital, with a net outflow of 21.19 million CNY from main funds [1] Company Overview - Wanlima, established on April 19, 2002, and listed on January 10, 2017, is located in Guangzhou, Guangdong Province [2] - The company specializes in the research, design, production, and marketing of leather products, with revenue contributions from leather and textile products (54.06%), skincare and beauty (24.26%), fast-moving consumer goods (12.75%), and online marketing services (8.80%) [2] - As of June 30, the number of shareholders has increased by 244.18% to 77,900, while the average circulating shares per person have decreased by 70.96% to 4,498 shares [2] Financial Performance - For the first half of 2025, Wanlima reported a revenue of 221 million CNY, a year-on-year decrease of 17.18%, and a net profit attributable to the parent company of -35.88 million CNY, down 39.64% year-on-year [2] - The company has distributed a total of 25.58 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]

Market Overview - The apparel and home textile sector declined by 0.89% on September 26, with Taimushi leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers included: - Jinxing Co. (001209) with a closing price of 20.20, up 10.02% on a trading volume of 44,900 shares and a turnover of 89.79 million yuan [1] - Tianchuang Fashion (603608) closed at 7.64, up 6.85% with a trading volume of 262,900 shares and a turnover of 200 million yuan [1] - Significant losers included: - Taijing (001234) with a closing price of 28.98, down 10.00% on a trading volume of 150,300 shares and a turnover of 441 million yuan [2] - Hongdou Co. (600400) closed at 3.25, down 9.97% with a trading volume of 1,818,600 shares and a turnover of 597 million yuan [2] Capital Flow - The apparel and home textile sector experienced a net outflow of 386 million yuan from institutional investors, while retail investors saw a net inflow of 412 million yuan [2] - The capital flow for specific stocks showed: - Hongxing Co. (001209) had a net inflow of 43.66 million yuan from institutional investors, while retail investors had a net outflow of 19.37 million yuan [3] - Tianchuang Fashion (603608) saw a net inflow of 33.84 million yuan from institutional investors, with retail investors experiencing a net outflow of 2.26 million yuan [3]