Core Viewpoint - Maito Co., Ltd. experienced a stock price decline of 4.64% on August 27, closing at 16.43 yuan, with a trading volume of 34,909 hands and a transaction amount of 0.59 billion yuan [1] Company Overview - Maito Co., Ltd. is primarily engaged in the research and manufacturing of instruments and meters, classified as a listed company in Jiangsu Province [1] - The company's products are mainly applied in the field of industrial automation control and possess the qualification of specialized and innovative enterprises [1] Investor Communication - On August 27, Maito Co., Ltd. responded to investors on an interactive platform regarding the disclosure of shareholder information, stating that the company will strictly adhere to the exchange's regulations for regular disclosure of shareholder numbers, with specific information available in periodic reports [1]

证券日报网讯迈拓股份8月27日在互动平台回答投资者提问时表示，公司将严格按照交易所规定要求定 期披露股东户数，具体信息请留意定期报告相关内容。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the news is that Maituo Co., Ltd. (301006) has experienced a decline in stock price and significant net outflow of funds, despite showing positive revenue and profit growth in its latest quarterly report [1][3]. - As of August 25, 2025, the stock price of Maituo Co., Ltd. closed at 16.9 yuan, down 1.57%, with a turnover rate of 4.05% and a trading volume of 34,800 hands, amounting to 59.17 million yuan [1]. - The latest quarterly report indicates that the company achieved total operating revenue of 52.66 million yuan, a year-on-year increase of 4.83%, and a net profit attributable to shareholders of 8.04 million yuan, up 6.07% year-on-year [1]. Group 2 - The company has a current ratio of 6.766, a quick ratio of 5.800, and a debt-to-asset ratio of 12.14%, indicating strong liquidity and low leverage [1]. - Maituo Co., Ltd. was established in 2006 and is primarily engaged in the manufacturing of instruments and meters, with a registered capital of 139.28 million yuan and a paid-in capital of 100 million yuan [1]. - The company has made investments in 4 enterprises, participated in 1,144 bidding projects, holds 2 trademark registrations, and has 159 patents, along with 71 administrative licenses [2].

Company Overview - Maito Co., Ltd. reported a closing price of 17.50 yuan on August 12, reflecting a decline of 1.13% from the previous trading day [1] - The company operates in the instrument manufacturing industry, focusing on the research, production, and sales of smart water meters and heat meters [1] - Maito is registered in Nanjing, Jiangsu Province, and is listed on the ChiNext board [1] Stock Performance - On August 12, the stock opened at 17.70 yuan, reached a high of 17.97 yuan, and a low of 17.41 yuan, with a trading volume of 37,641 hands and a transaction amount of 0.66 billion yuan [1] - At 10:01 AM on August 12, Maito's stock experienced a rapid rebound, with a price increase of over 2% within five minutes, peaking at 17.93 yuan [1] - The net outflow of main funds on that day was 3.4488 million yuan, while the cumulative net inflow over the past five trading days was 7.1342 million yuan [1]

Core Insights - The report highlights the significant role of company secretaries (董秘) as a bridge between investors and listed companies, emphasizing their importance in capital operations [1] - In 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, reflecting a 9% increase from 2023 [1] Salary Distribution - The average salary for company secretaries in the machinery and equipment-general equipment sector is approximately 627,200 yuan, with the highest salary being 2.636 million yuan for Wu Sanqi from China International Marine Containers [1] - The majority of company secretaries (50%) earn between 500,000 and 1 million yuan, totaling 109 individuals [1] - The average salary increase from 2023 to 2024 was 21,500 yuan [1] Age Structure - The average age of company secretaries is approximately 45.78 years, with the largest age group being 40-49 years, accounting for about 42% [3] - The oldest company secretary is 68 years old, while the youngest is 30 years old, with respective salaries of 433,300 yuan and 297,500 yuan [3] Educational Background - The educational distribution of company secretaries includes 4 PhDs, 71 Master's degrees, 121 Bachelor's degrees, and 24 with diplomas or lower, with average salaries of 1.2249 million yuan, 662,600 yuan, 603,000 yuan, and 560,400 yuan respectively [5] Compliance and Regulatory Issues - Zhu Mengyong, the company secretary of Xinlai Materials, was penalized 2.1664 million yuan for insider trading, highlighting the consequences of regulatory violations [7] - Xiao Yonglin from Haozhi Electromechanical received a warning and a 2 million yuan fine for his involvement in market manipulation, underscoring the strict compliance expectations for executives [8]

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report indicates that the total salary of secretaries in A-share listed companies reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, reflecting a 9% increase from 2023 [1]. Salary Distribution - The average salary for secretaries in the machinery and equipment-general equipment industry is approximately 627,200 yuan, with the highest salary being 2.636 million yuan for Wu Sanqiang from China International Marine Containers [1]. - The majority of secretaries (50%) earn between 500,000 and 1 million yuan, totaling 109 individuals [1]. - The average salary increased by 21,500 yuan from 2023, marking a 9% rise [1]. Age Structure - The average age of secretaries is approximately 45.78 years, with the largest age group being 40-49 years, comprising 42% of the total [3]. - The oldest secretary is 68 years old, earning 433,300 yuan, while the youngest is 30 years old, earning 297,500 yuan [3]. Educational Background - The distribution of secretaries by education level includes 4 PhDs, 71 Master's degrees, 121 Bachelor's degrees, and 24 with diplomas or lower, with average salaries of 1.2249 million yuan, 662,600 yuan, 603,000 yuan, and 560,400 yuan respectively [5]. Compliance and Regulatory Issues - Zhu Mengyong, the secretary of Xinlai Materials, faced severe penalties for insider trading, resulting in a total fine of 2.1664 million yuan due to illegal gains from stock trading during a sensitive period [7]. - Xiao Yonglin from Haoshi Electromechanical received a warning and a fine of 2 million yuan for his involvement in market manipulation, highlighting the regulatory scrutiny on executive compliance [8].

Group 1: Company Overview and Product Line - Maito Instrument Co., Ltd. specializes in smart water metering and smart thermal metering, with a product range covering nearly a thousand specifications and models [3][4] - Key products include ultrasonic water meters, ultrasonic flow meters, smart fire hydrants, and smart flow control valves, along with proprietary management software and smart water management platforms [4][5] Group 2: Market Position and Competitive Advantages - The company holds a significant market share in the ultrasonic water meter sector due to its early entry and extensive application experience, with stable operation cases exceeding 10 years [5] - Core competitive advantages include proprietary technology in ultrasonic sensors and software platforms, leading to cost advantages and high measurement accuracy [5] - The company emphasizes a dual strategy of technology and marketing to maintain its competitive edge amidst market pressures [6][7] Group 3: International Market Expansion - The company is actively expanding into overseas markets, having obtained EU MID factory certification and CE qualification, although the sales cycle is longer due to customization and stringent technical requirements [8] - Participation in international exhibitions is part of the strategy to enhance market visibility and promote products [8] Group 4: Marketing Strategies and Plans - The company is developing marketing strategies to quickly capture market share, including recruiting high-end technical talent and expanding the sales team [9] - A "triangular" sales model combining sales, technology, and after-sales service is being implemented to explore new sales territories [9] Group 5: Smart Water Management Initiatives - The company has developed a comprehensive smart water management service platform that integrates various operational modules to address data silos and support decision-making [10] - The platform provides key operational metrics such as leakage rates, sales discrepancies, and energy consumption, along with automated reporting capabilities [10]

（文章来源：证券日报） 证券日报网讯迈拓股份7月29日在互动平台回答投资者提问时表示，目前，公司暂未参与雅鲁藏布江下 游水电工程项目建设。 ...

Core Viewpoint - The legal opinion letter from Jiangsu Century Tongren Law Firm confirms the adjustment of the stock grant price for Maituo Instrument Co., Ltd.'s 2025 restricted stock incentive plan, ensuring compliance with relevant laws and regulations [1][6]. Group 1: Approval and Authorization of the Incentive Plan - The company has completed necessary procedures for the restricted stock grant, including approval of relevant proposals by the board and supervisory committee [4][5]. - The board has been authorized to handle matters related to the 2025 restricted stock incentive plan [6]. Group 2: Reasons for Adjustment - The adjustment of the stock grant price is based on the company's 2024 profit distribution plan, which involves cash dividends and capital reserve transfers [6]. - The adjustment method for the stock grant price is specified, ensuring that the adjusted price remains above 1 [6][7]. Group 3: Content of the Adjustment - The adjusted stock grant price is set at 7.00 yuan per share, down from the previous price of 7.20 yuan per share due to the dividend distribution [7]. Group 4: Conclusion - The legal opinion concludes that the adjustment process adheres to the relevant regulations and the incentive plan's provisions [7].

江苏世纪同仁律师事务所 法律意见书 江 苏 世 纪 同 仁 律 师 事 务 所 关 于 迈 拓 仪 表 股 份 有 限 公 司 2025 年 限 制 性 股 票 激 励 计 划 调 整 限 制 性 股 票 授 予 价 格 之 法 律 意 见 书 南京市建邺区贤坤路江岛智立方 C 座 4 层 邮编： 2 10019 电话： + 8 6 2 5 - 83304480 传真： + 8 6 2 5 - 83329335 1 江苏世纪同仁律师事务所 法律意见书 江苏世纪同仁律师事务所 关于迈拓仪表股份有限公司 2025 年限制性股票激励计划 调整限制性股票授予价格之 法律意见书 致：迈拓仪表股份有限公司 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》"）《上市公司股权激励管理办法》（以下简称"《管 理办法》"）《律师事务所从事证券法律业务管理办法（2023）》和《律师事务所证 券法律业务执业规则（试行）》等有关法律、法规和规范性文件的规定，江苏世 纪同仁律师事务所（以下简称"本所"）接受迈拓仪表股份有限公司（以下简称 "迈拓股份"或"公司"）委托，担任公司 202 ...