北京植德律师事务所 关于福建星云电子股份有限公司 2025 年第一次临时股东会的 法律意见书 关于福建星云电子股份有限公司 2025 年第一次临时股东会的 法律意见书 植德京（会）字[2025]60116 号 致：福建星云电子股份有限公司 北京植德律师事务所（以下简称"本所"）接受福建星云电子股份有限公 司（以下简称"公司"）的委托，指派律师出席并见证公司 2025 年第一次临时 股东会（以下简称"本次股东会"）。 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》"）、《上市公司股东会规 则》（以下简称"《股东会规则》"）、《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《福建星云电子股份有限公司章程》（以下简称"《公 司章程》"）的规定，就本次股东会的召集与召开程序、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。 植德京(会)字[2025]0116 号 ...

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、本次股东会未出现否决议案的情形； 证券代码：300648 证券简称：星云股份 公告编号：2025-058 福建星云电子股份有限公司 2025 年第一次临时股东会决议公告 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召集人：福建星云电子股份有限公司（以下简称公司）董事会 2、会议召开时间： （1）现场会议时间：2025 年 9 月 11 日（星期四）下午 15:00。 （2）网络投票时间：2025 年 9 月 11 日。 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 9 月 11 日上午 9:15-9:25、9:30-11:30 和下午 13:00-15:00；通过深圳证券交易所互 联网投票系统进行网络投票的具体时间为：2025 年 9 月 11 日上午 9:15 至下午 15:00 期间的任意时间。 3、现场会议召开地点：福建省福州市马尾区马江路 7 号公司第一会议室。 4、股权登记日：2025 年 9 月 4 日 ...

证券代码：300648 证券简称：星云股份 公告编号：2025-059 特此公告。 福建星云电子股份有限公司 董 事 会 二〇二五年九月十一日 附件：郭金鸿先生简历 福建星云电子股份有限公司 关于选举第四届董事会职工代表董事的公告 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。 为进一步完善福建星云电子股份有限公司（以下简称公司）治理结构，根据 《中华人民共和国公司法》《福建星云电子股份有限公司章程》的相关规定，公 司于 2025 年 9 月 11 日召开职工代表大会，经全体与会职工代表民主表决，同意 选举郭金鸿先生（简历附后）为公司第四届董事会职工代表董事，并与公司现任 第四届董事会非职工代表董事共同组成第四届董事会，任期自本次职工代表大会 审议通过之日起至公司第四届董事会任期届满之日止。 郭金鸿先生的任职资格符合相关法律法规及《公司章程》有关董事任职的资 格和条件。本次选举不会导致公司董事会中兼任公司高级管理人员以及由职工代 表担任的董事人数总计超过公司董事总数的二分之一，符合相关法律法规及《公 司章程》的规定。 郭金鸿，男，1983 年出生，中国国籍，无 ...

Company Overview - Xingyun Co., Ltd. is located in Fuzhou, Fujian Province, and was established on January 24, 2005. The company was listed on April 25, 2017. Its main business involves the research, development, production, and sales of lithium battery testing systems and related products [1][2]. Financial Performance - For the first half of 2025, Xingyun Co., Ltd. achieved operating revenue of 557 million yuan, a year-on-year decrease of 0.77%. The net profit attributable to the parent company was -8.85 million yuan, showing a year-on-year increase of 78.16% [2]. - Since its A-share listing, the company has distributed a total of 25.67 million yuan in dividends, with 1.48 million yuan distributed over the past three years [3]. Stock Performance - As of September 11, the stock price of Xingyun Co., Ltd. was 46.82 yuan per share, with a market capitalization of 8.16 billion yuan. The stock has increased by 103.57% year-to-date, with a recent 5-day increase of 3.22% and a 20-day decrease of 19.36% [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 27.62 million yuan on February 18 [1]. Shareholder Information - As of June 30, the number of shareholders of Xingyun Co., Ltd. was 15,600, a decrease of 15.34% from the previous period. The average number of circulating shares per person increased by 18.12% to 6,803 shares [2]. - Among the top ten circulating shareholders, Xin'ao New Energy Industry Stock A (001410) is the seventh largest, holding 1.35 million shares, an increase of 665,100 shares from the previous period [3]. Industry Classification - Xingyun Co., Ltd. belongs to the Shenwan industry classification of electric power equipment, specifically in the battery and lithium battery specialized equipment sector. The company is also associated with concepts such as small-cap stocks, blade batteries, specialized and innovative enterprises, humanoid robots, and BYD concepts [2].

Group 1 - The stock price fluctuations in the secondary market are influenced by multiple factors [2] - The strategic partnership with EVE Energy, a leading company in the lithium battery industry, is beneficial for the company's business development and market share enhancement [2]

Group 1 - The company, Xingyun Co., announced on September 10 that it is collaborating with Yiwei Lithium Energy to focus on the research and application of next-generation batteries [2] - The partnership aims to leverage the strengths of both companies in battery development [2] - Investors are encouraged to pay attention to future disclosures regarding the research outcomes and progress from both parties [2]

Group 1 - The company Xingyun Co., Ltd. (300648.SZ) has announced on an interactive platform that it provides a series of lithium battery testing products to Yiwei Lithium Energy [1]

Group 1 - Nebula Co., Ltd. experienced a 5% decline in stock price, trading at 47.69 yuan per share with a transaction volume of 341 million yuan and a turnover rate of 6.54%, resulting in a total market capitalization of 8.311 billion yuan [1] - The company, established on January 24, 2005, and listed on April 25, 2017, is located in Fuzhou, Fujian Province, and specializes in the research, production, and sales of lithium battery testing systems and related products [1] - The revenue composition of Nebula Co., Ltd. includes 75.78% from lithium battery equipment, 14.50% from other sources, 9.66% from testing services, and 0.07% from leasing income [1] Group 2 - Xin Yuan Fund has a significant holding in Nebula Co., Ltd., with its flagship fund, Xin Yuan Guo Zheng 2000 Index Enhanced A (018579), holding 42,100 shares, representing 1.12% of the fund's net value, making it the largest position [2] - The fund, established on August 10, 2023, has a latest scale of 68.8649 million yuan and has achieved a year-to-date return of 33.42%, ranking 1042 out of 4222 in its category [2] - The fund manager, Liu Yutao, has been in charge for nearly 3 years, with a total asset scale of 554 million yuan, achieving a best return of 32.61% and a worst return of -0.16% during his tenure [2]

Core Viewpoint - The company aims to improve operational quality and significantly reduce losses in profits compared to the same period last year by the first half of 2025 [2] Group 1 - The company is focusing on enhancing sales, research and development, and financial expenses, leading to continuous improvement [2] - The company will maintain its core focus on testing technology and develop a comprehensive battery lifecycle testing system that includes research, manufacturing, application, and recycling [2] - The company is committed to concentrating on its main business, reducing costs, and increasing efficiency to provide returns to investors [2]

Investment Rating - The report maintains an "Overweight" rating for the electric equipment and new energy industry [2] Core Viewpoints - The report suggests focusing on the new energy storage segment, highlighting the need for system-friendly new energy power plants to address the instability of renewable energy output [2][39] - The report emphasizes the importance of enhancing the predictive accuracy of wind and solar power generation to improve grid integration [39] - It recommends paying attention to leading inverter companies that benefit from the development of new energy storage technologies [39] Market Review - As of August 28, 2025, the electric equipment industry has increased by 6.08% over the past two weeks, underperforming the CSI 300 index by 0.88 percentage points, ranking 9th among 31 industries [11] - The electric equipment industry has risen by 11.88% this month, outperforming the CSI 300 index by 2.35 percentage points, ranking 7th [11] - Year-to-date, the electric equipment sector has increased by 15.01%, outperforming the CSI 300 index by 1.56 percentage points, ranking 16th [11] Valuation and Industry Data - As of August 28, 2025, the PE (TTM) for the electric equipment sector is 28.32 times, with sub-sectors showing varied valuations: - Electric motor II: 57.18 times - Other power equipment II: 54.33 times - Photovoltaic equipment: 21.08 times - Wind power equipment: 35.53 times - Battery: 27.20 times - Grid equipment: 26.13 times [22][25] Industry News - The report discusses the Chinese government's initiatives to promote green and low-carbon urban development, emphasizing energy efficiency and the adoption of advanced technologies [35] - It highlights the National Energy Administration's focus on enhancing the adaptability of the power system to renewable energy, including the construction of a new power system and the promotion of energy storage solutions [36] Company Announcements - The report includes recent financial performance announcements from various companies, such as: - GreenMe achieved a revenue of 17.56 billion yuan in the first half of 2025, a year-on-year increase of 1.28% [41] - XianDai Intelligent reported a revenue of 6.61 billion yuan, up 14.92% year-on-year [41] - Euro Continental's revenue reached 2.12 billion yuan, reflecting a growth of 32.59% [41]