上海市徐汇区淮海中路 1010 号嘉华中心 45 层 邮编：200031 电话：（86-21）5404 9930 传真：（86-21）5404 9931 北京市竞天公诚律师事务所上海分所 关于珠海英搏尔电气股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：珠海英搏尔电气股份有限公司（贵公司） 北京市竞天公诚律师事务所上海分所（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》）、《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《珠海英搏尔电气股份有限公司章程》（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 ...

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。 专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2025-077 债券代码：123249 债券简称：英搏转债 珠海英搏尔电气股份有限公司 关于董事兼副总经理辞职暨选举职工代表董事的公告 一、董事兼副总经理辞职的情况 珠海英搏尔电气股份有限公司（以下简称"公司"）于 2025 年 9 月 16 日召 开 2025 年第二次临时股东大会，审议通过了《关于增加注册资本、变更注册地 址、修订<公司章程>并办理工商变更登记的议案》，根据修订后的《公司章程》， 公司董事会设 1 名职工代表董事。 因公司治理结构的调整，魏标先生于近日申请辞去公司第四届董事会董事、 副总经理职务，辞去上述职务后魏标先生仍在公司担任其他职务。根据《中华人 民共和国公司法》《公司章程》的有关规定，魏标先生的辞职不会导致公司董事 会成员低于法定最低人数，其辞职报告自送达董事会时生效，原定任期至第四届 董事会任期届满之日止。 截至本报告披露日，魏标先生持有公司股份 10,760,550 股，其将继续遵守 《深圳证券交易所 ...

专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2025-076 债券代码：123249 债券简称：英搏转债 珠海英搏尔电气股份有限公司 2025 年第二次临时股东大会决议公告 专注创造奇迹 执着成就梦想 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： 本次股东大会不存在否决议案和涉及变更以往股东大会已通过的决议的情 形。 一、会议召开和出席情况 珠海英搏尔电气股份有限公司（以下简称"公司"）2025 年第二次临时股 东大会于 2025 年 9 月 16 日下午 15:00 在广东省珠海市高新区香山路 3266 号公 司会议室以现场投票和网络投票相结合的方式召开。网络投票时间为 2025 年 9 月 16 日，其中，通过深圳证券交易所交易系统进行投票的具体时间为：2025 年 9 月 16 日上午 9:15-9:25、9:30-11:30、下午 13:00-15:00；通过深圳证券交易 所互联网投票系统进行投票的具体时间为：2025 年 9 月 16 日 9:15-15:00。 本次股东大会由公司董事会召集，由公司董 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the company [6][55]. Core Insights - The company achieved a revenue of 823 million yuan in Q2 2025, representing a year-on-year growth of 50%. For the first half of 2025, the total revenue reached 1.37 billion yuan, up 33.8% year-on-year, with a net profit of 37.13 million yuan, an increase of 7.0% [2][9][10]. - The company is a leading enterprise in China with independent R&D and production capabilities in both electric drive systems and power systems for the new energy sector. It has established long-term collaborations with major automotive manufacturers [3][32]. - The company is actively expanding into the eVTOL and joint module sectors, with significant progress in partnerships and project developments [4][47]. Financial Performance - In H1 2025, the company's power assembly revenue was 620 million yuan, up 24.4% year-on-year, with a gross margin of 14.2%. The electric drive assembly revenue was 540 million yuan, showing a remarkable growth of 125.1% year-on-year, with a gross margin of 9.8% [2][9]. - The report forecasts revenues of 3.03 billion yuan, 3.80 billion yuan, and 4.52 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 119 million yuan, 194 million yuan, and 246 million yuan for the same years [5][55]. Market Position and Strategy - The company has successfully secured projects with key clients in various sectors, including new energy passenger vehicles, commercial vehicles, and non-road vehicles, demonstrating effective customer expansion [3][32][46]. - The company is focusing on high-quality product offerings and aims to become a leading provider of overall solutions in the new energy power domain, leveraging its advanced manufacturing capabilities and R&D strengths [33][36]. Product Development - The company has developed a comprehensive product matrix in the new energy vehicle sector, with significant sales growth in power assemblies and drive systems, positioning itself among the top Tier 1 suppliers in China [37][38]. - The innovative "integrated chip" technology enhances the efficiency, lightweight, and cost-effectiveness of its products, contributing to its competitive edge in the market [36][41].

Core Viewpoint - The stock of Yingboer has shown a mixed performance in recent trading sessions, with a year-to-date increase of 23.26% and a notable revenue growth in the first half of 2025 [2][4]. Company Overview - Yingboer Electric Co., Ltd. is based in Zhuhai, Guangdong, and was established on January 14, 2005, with its IPO on July 25, 2017. The company specializes in the research, production, and sales of key components for electric vehicles, primarily focusing on motor controllers, with additional products including on-board chargers and DC-DC converters [2]. - The revenue composition of Yingboer includes: power assembly 46.59%, electric drive assembly 40.36%, motor controllers 10.82%, and others 2.24% [2]. Financial Performance - For the first half of 2025, Yingboer reported a revenue of 1.369 billion yuan, representing a year-on-year growth of 33.75%. The net profit attributable to shareholders was 37.13 million yuan, reflecting a growth of 6.96% [2]. - Since its A-share listing, Yingboer has distributed a total of 79.90 million yuan in dividends, with 18.61 million yuan distributed over the past three years [3]. Stock Performance - As of September 16, Yingboer's stock price increased by 2.03%, reaching 30.62 yuan per share, with a trading volume of 118 million yuan and a turnover rate of 2.13%. The total market capitalization stands at 8.051 billion yuan [1]. - The stock has experienced a 2.61% increase over the last five trading days, a 6.16% decrease over the last 20 days, and an 11.51% increase over the last 60 days [2]. Shareholder Structure - As of June 30, 2025, Yingboer had 24,600 shareholders, a decrease of 3.15% from the previous period. The average number of circulating shares per shareholder increased by 3.24% to 7,476 shares [2]. - Among the top ten circulating shareholders, notable changes include a decrease in holdings by Yongying Low Carbon Environmental Mixed Fund and increases by several Hua'an funds [4].

Core Viewpoint - KeliKe (002782) highlighted its long-term partnership with Haiguang Electronics, a prominent manufacturer of magnetic components in China, emphasizing its strong technical experience and customer resources [1] Company Overview - Haiguang Electronics was established in 1988 and has focused on the research, manufacturing, and sales of magnetic component products [1] - The company has accumulated rich experience in technology, customer resources, and talent reserves, making it a well-known producer and solution provider in the domestic magnetic component market [1] Partnerships and Clientele - Haiguang Electronics has collaborated with Huawei for over 20 years, becoming a major supplier of magnetic components for the company [1] - The company also serves as an important supplier for other notable enterprises such as Sungrow Power Supply (300274), Jinlang Technology (300763), BYD (002594), Weimaisi, Telai Electric, and Yingboer (300681) [1]

Company Overview - Yingboer Electric Co., Ltd. is located in Zhuhai, Guangdong Province, established on January 14, 2005, and listed on July 25, 2017. The company specializes in the research, production, and sales of key components for electric vehicles, primarily focusing on motor controllers, with auxiliary products including on-board chargers, DC-DC converters, and electronic throttle pedals [2]. Financial Performance - As of June 30, 2025, Yingboer achieved operating revenue of 1.369 billion yuan, representing a year-on-year growth of 33.75%. The net profit attributable to shareholders was 37.1327 million yuan, reflecting a growth of 6.96% [2]. - Since its A-share listing, Yingboer has distributed a total of 79.9048 million yuan in dividends, with 18.6058 million yuan distributed over the past three years [3]. Stock Performance - Yingboer's stock price has increased by 24.71% year-to-date, with a 3.96% rise over the last five trading days. However, it has seen a decline of 3.25% over the past 20 days, while gaining 19.15% over the last 60 days [2]. - As of September 12, the stock price was 30.98 yuan per share, with a market capitalization of 8.146 billion yuan [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Yingboer was 24,600, a decrease of 3.15% from the previous period. The average number of circulating shares per shareholder increased by 3.24% to 7,476 shares [2]. - Among the top ten circulating shareholders, notable changes include a decrease of 1.9484 million shares held by Yongying Low Carbon Environmental Mixed Fund, while Huazheng Innovation Mixed Fund increased its holdings by 403,600 shares [4].

Core Viewpoint - The company has experienced significant revenue growth in the first half of the year, with a year-on-year increase of 33.75%, and is preparing for a peak business season in the second half by optimizing inventory management and supply chain strategies [1] Group 1: Revenue Growth - The company achieved a rapid growth in operating revenue, with a year-on-year increase of 33.75% in the first half of the year [1] Group 2: Inventory Management - The company's inventory primarily consists of raw materials, shipped goods, finished products, and semi-finished products [1] - To prepare for the peak season, the company has proactively arranged for raw material stocking to mitigate supply chain fluctuations [1] - The increase in inventory balance aligns with the company's expanding operational scale, and the company is continuously optimizing internal management and operational efficiency [1] Group 3: Operational Strategy - The company is dynamically adjusting its stocking strategy based on industry demand changes and order situations to ensure timely order fulfillment while enhancing inventory turnover efficiency [1] - The company aims to balance operational needs with asset rationality through these adjustments [1]

Core Viewpoint - The collaboration between Yingboer and EHang Intelligent is progressing well, with significant developments in their joint venture and product delivery [1] Group 1: Joint Venture Progress - A joint venture company named Yunfu Yinghang has been established, and the construction of its new facility has been completed. The company is currently conducting system and equipment debugging and testing [1] - The EH216-S model's motor and electronic speed controller have achieved prototype and small batch delivery, with expectations for certain bulk orders this year [1]

Core Viewpoint - The company reported a significant increase in inventory, reaching nearly 1.2 billion, primarily due to proactive raw material stocking in anticipation of a peak season in the second half of the year, aligning with historical trends in the electric vehicle industry [2]. Group 1: Inventory Management - The company's inventory consists of raw materials, goods in transit, finished goods, and semi-finished products [2]. - The inventory balance is growing rapidly, which is consistent with the company's expanding operational scale [2]. - The company is continuously optimizing internal management and operational efficiency, adjusting stocking strategies dynamically based on industry demand and order situations [2]. Group 2: Revenue Growth - The company achieved a rapid revenue growth of 33.75% year-on-year in the first half of the year [2]. - To mitigate supply chain fluctuations during peak seasons, the company has preemptively arranged for raw material inventory [2].