上 海 兰 迪 律 师 事 务 所 关于浙江嘉益保温科技股份有限公司 2025 年第三次临时股东会的 法 律 意 见 书 本所律师无法对网络投票过程进行见证，参与本次股东会网络投票的股东资 格、网络投票结果均由相应的证券交易所交易系统和互联网投票系统予以认证。 中国上海市虹口区东大名路 1089 号北外滩来福士广场东塔 16 楼（200082） 16 th Floor, East Tower, Raffles City, No.1089, Dongdaming Road, Hongkou District, 200082, Shanghai, China Tel: 8621-66529952 Fax: 8621-66522252 www.landinglawyer.com 上海兰迪律师事务所 关于浙江嘉益保温科技股份有限公司 2025 年第三次临时股东会的法律意见书 致：浙江嘉益保温科技股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民 共和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》（以下 简称"《股东会规则》"）等法律、法规和其他有关规范性文件和《浙江嘉益保 ...

（文章来源：证券日报） 证券日报网讯 9月23日晚间，嘉益股份发布公告称，本次保荐代表人变更后，公司可转债项目的持续督 导保荐代表人为杨悦阳女士和蒋根宏先生。 ...

| 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-067 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 关于变更保荐代表人的公告 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、误导性陈述或者重大遗漏。 特此公告。 浙江嘉益保温科技股份有限公司 董事会 2025 年 9 月 23 日 附件：杨悦阳女士简历 杨悦阳女士，现任浙商证券股份有限公司投资银行部业务董事，保荐代表人， 非执业律师资格。2010 年开始从事投资银行业务，曾负责或参与嘉益股份 IPO、 五芳斋 IPO、杭华股份 IPO、巨化股份配股及非公开发行、杭氧股份非公开发行 及可转债、华海药业可转债及非公开发行、公元股份可转债、宝信软件可转债、 中国银河可转债、嘉益股份可转债等保荐项目；宝信软件重组等财务顾问项目； 杭州地铁集团企业债、巨化可交债等债券项目。在保荐业务执业过程中严格遵守 《证券发行上市保荐业务管理办法》等相关规定，执业记录良好。 浙江嘉益保温科技股份有限公司（以下简称"公司"）于近日收到浙商证券 ...

（文章来源：证券日报） 证券日报网讯 9月22日晚间，嘉益股份发布关于2022年第二期限制性股票激励计划首次授予部分的第三 个限售期解除限售股份上市流通的提示性公告称，公司2022年第二期限制性股票激励计划首次授予限制 性股票第三个解除限售期符合解除限售条件的激励对象共计61人；2022年第二期限制性股票激励计划首 次授予限制性股票第三个解除限售期可解除限售的限制性股票数量为127.68万股，占公司目前股份总数 的0.8778%；2022年第二期限制性股票激励计划首次授予限制性股票第三个限售期解除限售的限制性股 票上市流通日为2025年9月25日。 ...

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Mindray Medical, Huichuan Technology, Crystal Optoelectronics, Jing Sheng Machinery, and United Imaging Medical [13][15] - In the last five days, the most popular companies for institutional research include Jepu Te, Gan Li Pharmaceutical, Shiji Information, Guangri Co., and Nenghui Technology [13][14] - Among the top twenty companies in the past 30 days, 18 companies had ten or more rating agencies, with significant profit growth expected for Lankai Technology, Desai Xiwei, and Huichuan Technology in their 2025 mid-year reports compared to 2024 [13][16] Group 2: Shareholder Increase in A-Share Listed Companies - From September 15 to September 19, 2025, three listed companies announced significant shareholder increases, including Sierte, Qilu Bank, and Wuzhou Transportation, with Wuzhou Transportation's planned increase amount exceeding 1% of the market value on the announcement date [20][21] - From January 1 to September 19, 2025, a total of 271 companies announced shareholder increases, with 83 of them having ten or more rating agencies. Among these, 22 companies had planned increase amounts exceeding 1% of their market value [22][23] Group 3: Share Buyback Situations in A-Share Listed Companies - From September 15 to September 19, 2025, 69 companies announced buyback progress, with 25 of them having ten or more rating agencies. Five companies, including Jian Sheng Group, Huafa Co., Ninebot Inc., Wens Foodstuff Group, and Jiayi Co., had buyback amounts exceeding 1% of their market value [27][29] - From January 1 to September 19, 2025, a total of 1,739 companies announced buyback progress, with 420 having ten or more rating agencies. Among these, 107 companies had buyback amounts exceeding 1% of their market value [28][30]

| 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-066 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 关于 2022 年第二期限制性股票激励计划首次授予部分的 第三个限售期解除限售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、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、2022 年第二期限制性股票激励计划首次授予限制性股票第三个解除限售 期符合解除限售条件的激励对象共计 61 人； 2、2022 年第二期限制性股票激励计划首次授予限制性股票第三个解除限售 期可解除限售的限制性股票数量为 127.68万股，占公司目前股份总数的0.8778%； 3、2022 年第二期限制性股票激励计划首次授予限制性股票第三个限售期解 除限售的限制性股票上市流通日为 2025 年 9 月 25 日。 浙江嘉益保温科技股份有限公司（以下简称"公司"）于2025年9月15日召开 第三届董事会第十七次会议，审议通过了《关于公司2022年第二期限制性股票激 励计划首次授予部分 ...

Core Viewpoint - The report from Tianfeng Securities indicates that despite uncertainties in the global economy, the insulated cup market continues to show strong resilience and growth potential due to its daily consumption attributes and expanding application scenarios [1] Company Performance - In the first half of 2025, the company's net profit attributable to shareholders was 300 million, a decrease of 4% year-on-year [1] - In the second quarter of 2025, the net profit attributable to shareholders was 150 million, reflecting a year-on-year decline of 27% [1] Industry Insights - The insulated cup market is primarily driven by demand in developed countries and regions such as Europe, North America, Japan, and South Korea [1] - North America, as a major market for insulated cups, has seen a shift in consumer behavior post-2020, with outdoor activities replacing previous gathering activities, leading to increased demand for stainless steel insulated containers [1] - The stainless steel insulated container industry is poised for a new round of development opportunities due to the rising participation in outdoor leisure activities [1] Strategic Adaptation - The company is actively learning from international market trends, advanced design concepts, and brand operation strategies through collaboration with overseas clients, which enhances its product innovation and marketing experience [1] - Based on the performance in the first half of 2025 and considering the impact of tariff policy changes, the profit forecast has been adjusted while maintaining a "buy" rating [1]

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [6][17]. Core Viewpoints - The company reported a revenue of 700 million with a year-on-year decrease of 7% in Q2 2025, and a net profit attributable to the parent company of 150 million, down 27% year-on-year. For the first half of 2025, the revenue was 1.4 billion, an increase of 20% year-on-year, while the net profit attributable to the parent company was 300 million, down 4% year-on-year [1]. - Despite global economic uncertainties, the insulated cup market shows strong resilience and growth potential due to its daily consumption attributes and expanding application scenarios. The industry is transitioning from a manufacturing-driven model to a multi-faceted approach that includes brand-driven, design-driven, and global supply chain strategies [1][2]. - The demand for stainless steel insulated containers is increasing, particularly in North America, as outdoor activities gain popularity post-2020. This trend is driving a new wave of development opportunities in the insulated container industry [2]. - Consumer trends are shifting from quantity-driven to quality-driven, with a focus on personalized and high-end products. International brands are leveraging social media to enhance the cultural and artistic elements of high-end insulated cups, transforming them into fashionable consumer goods [3]. - The entry of emerging and cross-industry brands is enhancing the industry's prosperity, leading to higher demands on supply chains, including flexible production and global compliance standards. The company is learning from international market trends and enhancing its manufacturing and design capabilities to improve competitiveness [4]. Financial Summary - The company adjusted its profit forecast for 2025-2027, expecting revenues of 3.4 billion, 4 billion, and 4.8 billion respectively, with net profits of 790 million, 920 million, and 1.1 billion. The corresponding P/E ratios are projected to be 12x, 10x, and 8x [5][10].

证券日报网讯9月17日晚间，嘉益股份（301004）发布公告称，2025年9月17日，公司通过股份回购专用 证券账户以集中竞价方式实施了首次回购，回购股份数量94，700股，占公司目前总股本的0.0651%。 ...

| 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-065 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 关于首次回购股份暨回购进展情况的公告 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。 浙江嘉益保温科技股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开第三届董事会第十四次会议，于 2025 年 5 月 6 日召开 2025 年第一次临时 股东大会，分别审议通过了《关于以集中竞价交易方式回购公司部分股份方案的 议案》等相关议案，公司拟使用不低于人民币 8,000 万元（含），不超过人民币 16,000 万元（含）以集中竞价交易方式回购公司已发行的无限售条件的人民币普 通股（A 股）股票，回购价格不超过人民币 139.86 元/股。回购股份的实施期限 为自股东大会审议通过回购股份方案之日起 12 个月内，具体回购股份的数量以 回购实施完成/回购期满时实际回购的股份数量为准。具体内容详见公司于 2025 年 4 月 16 日和 2 ...