北京金诚同达（上海）律师事务所 关于 上海霍普建筑设计事务所股份有限公司 2025 年第二次临时股东会的 法律意见书 上海市浦东新区世纪大道 88 号金茂大厦 18 层 电话：021-3886 2288 传真：021-3886 2288 转 1018 金诚同达律师事务所 法律意见书 北京金诚同达（上海）律师事务所 关于上海霍普建筑设计事务所股份有限公司 2025 年第二次临时股东会的 法律意见书 北京金诚同达（上海）律师事务所（以下简称"本所"）接受上海霍普建筑 设计事务所股份有限公司（以下简称"霍普股份"或"公司"）的聘请，指派本 所律师出席公司 2025 年第二次临时股东会（以下简称"本次股东会"）并对会 议的相关事项出具法律意见书。 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》《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》《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要求以及《上海霍普建筑设计事务 所股份有限公司章程》（以下简称"《公司章程》"）的规定，对本次股东会的 召集、召开程序， ...

Investment Rating - The report maintains a "Positive" investment rating for the construction and engineering sector [9] Core Views - The construction sector exhibits characteristics such as low valuation, low institutional holdings, large market capitalization, and stable outlook for quality targets. The report identifies four key investment directions within the construction industry: 1) Companies with strong Q3 performance and short-term earnings certainty 2) High dividend yield stocks providing a safety cushion 3) Strong long-term growth potential 4) Large-cap stocks with low absolute valuations [5][6][7] Summary by Sections Valuation Metrics - As of the latest closing, the Jiangsu Construction Index has a PE ratio of 12.83, ranking 28th across all industries, with a 10-year percentile of 68.5%. The PB ratio stands at 0.84, ranking 31st, with a 10-year percentile of 16.22%. Notably, the construction sector and the banking sector are the only indices within the Jiangsu framework that are trading below book value [5][6] Institutional Holdings - The construction sector has historically low institutional holdings, which may reflect a weak outlook for the industry and a lack of attention from investors. This could lead to undervaluation of high-quality construction stocks [6] Market Capitalization - The construction sector has a limited number of listed companies, with eight major state-owned enterprises collectively valued at 941.19 billion, accounting for 47% of the Jiangsu Construction Index's market capitalization. These enterprises play a crucial role in stabilizing economic growth and are likely to be favored in a market shift towards undervalued sectors [6][7] Investment Directions - **Direction One**: Focus on companies with strong Q3 earnings, such as Sichuan Road and Bridge, China Chemical, and others, which show robust growth and sufficient order backlogs [7] - **Direction Two**: Invest in high dividend yield stocks like Jianghe Group (6.2%), Sichuan Road and Bridge (5.6%), and others, which provide a strong holding safety net [7] - **Direction Three**: Target companies with strong long-term growth potential, such as Honglu Steel Structure and others benefiting from semiconductor capital expenditure [7] - **Direction Four**: Invest in large-cap stocks with low absolute valuations, including eight major state-owned enterprises that are all trading below book value [7]

Market Overview - The engineering consulting services sector increased by 0.66% on November 10, with Youan Design leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Top Performers - Youan Design (300983) closed at 24.08, up 4.74% with a trading volume of 26,100 and a transaction value of 61.90 million [1] - Hopu Co., Ltd. (301024) closed at 46.60, up 4.53% with a trading volume of 54,000 and a transaction value of 245 million [1] - Zhongda An (300635) closed at 15.50, up 3.54% with a trading volume of 107,500 [1] Underperformers - Zhongcheng Consulting (920003) closed at 35.60, down 7.63% with a trading volume of 59,900 and a transaction value of 215 million [2] - Zhongshe Consulting (920873) closed at 8.12, down 4.13% with a trading volume of 96,100 [2] - Huayang International (002949) closed at 14.55, down 1.82% with a trading volume of 34,800 [2] Capital Flow - The engineering consulting services sector experienced a net outflow of 88.92 million from institutional investors, while retail investors saw a net inflow of 18.07 million [2] - The sector's overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Tai Chi Industrial (600667) had a net inflow of 80.24 million from institutional investors, but a net outflow of 78.37 million from retail investors [3] - China Ruilin (603257) saw a net inflow of 22.60 million from institutional investors, with a net outflow of 16.92 million from retail investors [3] - Hopu Co., Ltd. (301024) had a net inflow of 10.70 million from institutional investors, while retail investors experienced a net outflow of 10.51 million [3]

证券代码：301024 证券简称：霍普股份 公告编号：2025-071 上海霍普建筑设计事务所股份有限公司 关于召开2025年第二次临时股东会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 上海霍普建筑设计事务所股份有限公司（以下简称"公司"）于2025年10 月27日在巨潮资讯网（www.cninfo.com.cn）披露了《关于召开2025年第二次临 时股东会的通知》（公告编号：2025-068），公司定于2025年11月11日（星期 二）下午14:30在上海市浦东新区滨江大道469号中企财富世纪大厦10层召开 2025年第二次临时股东会，现将本次股东会有关事项提示如下： 一、召开会议的基本情况 （一）股东会届次：2025年第二次临时股东会 （二）股东会的召集人：董事会 （三）本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券 交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第2号— 创业板上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公 司章程》的有关规定。 （四）会议时间： 1、现场会议时间：2025年1 ...

Core Insights - The latest financing balance of the ChiNext market is 524.908 billion yuan, with a week-on-week decrease of 1.119 billion yuan, while 36 stocks saw a financing balance increase of over 10% [1][2] - On November 5, the ChiNext index rose by 1.03%, with a total margin balance of 526.778 billion yuan, a decrease of 1.103 billion yuan from the previous trading day [1][2] - Among the stocks with increased financing balances, the largest increase was seen in Zhongjie Automobile, which had a financing balance of 76.1473 million yuan, reflecting a 41.71% increase [1][3] Financing Balance Increase - A total of 455 stocks in the ChiNext market experienced an increase in financing balance, with 36 stocks showing an increase of over 10% [1][2] - The stocks with significant financing balance increases include: - Penghui Energy: 1081.6038 million yuan, up 39.18%, closing price 53.71 yuan, daily increase 9.06% [3] - Meixin Technology: 99.6149 million yuan, up 38.90%, closing price 67.80 yuan, daily decrease 0.15% [3] - Other notable increases include Chunhui Intelligent, Hualan Biological, and Pinwo Food [3] Financing Balance Decrease - A total of 491 stocks saw a decrease in financing balance, with 39 stocks experiencing a decline of over 5% [4][5] - The stock with the largest decrease in financing balance was Weiman Sealing, with a balance of 98.3528 million yuan, down 26.59% [4] - Other significant decreases were observed in Hopu Co., down 18.21%, and Luguan Technology, down 18.11% [4][5] Capital Flow - On November 5, 30 stocks with increased financing balances saw net inflows of main funds, with Penghui Energy leading at 400 million yuan, followed by Shenghong Co. and Dongfang Risen [2] - Conversely, 6 stocks experienced net outflows, with Baicheng Pharmaceutical seeing the largest outflow of 106 million yuan [2]

Core Viewpoint - A total of 178 companies in the Shanghai and Shenzhen stock markets are at risk of triggering financial delisting indicators based on their Q3 reports, indicating a potential for delisting risk warnings if their Q4 performance does not improve [2][3]. Financial Indicators - Among the 178 companies, 145 are from the main board with "net profit loss + revenue below 300 million" criteria, while 33 are from the Sci-Tech Innovation Board and Growth Enterprise Market with "net profit loss + revenue below 100 million" [3]. - Specific companies like Shahe Co., China High-Tech, and Renzhi Co. reported revenues of 20.86 million, 62.97 million, and 68.54 million respectively, indicating significant shortfalls from the 300 million revenue threshold [3][4]. Company Actions - Companies are taking various measures to "self-rescue," including mergers, asset sales, and restructuring efforts to improve their financial standings [6]. - Shahe Co. is planning a major asset restructuring to acquire 70% of Shenzhen Jinghua Display Electronics Co., which has shown strong profitability in recent years [6]. - ST Lingda is attempting to undergo bankruptcy restructuring, having reported a revenue of 89.09 million, which is close to the 100 million target for the year [7]. Regulatory Environment - The new delisting regulations stipulate that companies failing to meet specific financial criteria will face delisting risk warnings, with the potential for mandatory delisting if conditions do not improve [2][4]. - The regulatory environment has become stricter, prompting companies to adopt more standardized approaches to maintain their listings [2]. Market Trends - As companies approach the end of the fiscal year, there is an increased urgency to secure large contracts, as seen with Hopu Co. signing a 520 million contract for energy storage systems [8][9].

Core Insights - Hop Co., Ltd. experienced a trading limit increase today, with a daily turnover rate of 9.32% and a transaction volume of 264 million yuan, showing a price fluctuation of 11.37% [1] - The stock was listed on the Shenzhen Stock Exchange due to a closing price increase of 20.00%, with institutional investors net selling 2.08 million yuan [1] - The top five trading departments accounted for a total transaction volume of 105 million yuan, with a net buying amount of 44.62 million yuan [1] Trading Activity - The stock saw a net inflow of main funds amounting to 62.38 million yuan, with large orders contributing a net inflow of 81.98 million yuan, while large orders experienced a net outflow of 19.60 million yuan [1] - Over the past five days, the net inflow of main funds reached 84.85 million yuan [1] Institutional Participation - Among the trading departments, one institutional specialized seat was noted, with a buying amount of 706,400 yuan and a selling amount of 2.79 million yuan, resulting in a net sell of 2.08 million yuan [1] - The top five buying departments included multiple branches of Guosen Securities, with significant buying amounts ranging from 902.42 thousand yuan to 1,772.11 thousand yuan [1]

Market Overview - The A-share market rebounded with the Shanghai Composite Index rising by 0.23%, the Shenzhen Component Index increasing by 0.37%, and the ChiNext Index up by 1.03% [1] - The total market turnover was 1.8943 trillion yuan, a decrease of 44.1 billion yuan compared to the previous day, with over 3,300 stocks rising [1] Sector Performance - The energy storage sector led the gains, with Tongrun Equipment (002150) hitting the daily limit within two minutes of the afternoon session, and Aters "20CM" also reaching the limit [2] - Sunshine Power (300274) surged over 7%, with a transaction volume of 23.373 billion yuan, making it the only stock in A-shares to exceed 20 billion yuan in turnover [2] - The electric grid equipment, photovoltaic, and energy storage sectors experienced a collective surge, with nearly 20 stocks hitting the daily limit, including TBEA (600089), Aters, Tongrun Equipment, and Sanbian Technology (002112) [6][12] Energy Storage Sector Insights - The energy storage concept stocks saw significant increases, with Tongrun Equipment and Sunshine Power reaching their daily limits [7] - Recent orders won by several energy storage-related companies, including a 520 million yuan contract signed by Hopu Co., Ltd. for energy storage systems, contributed to the sector's strong performance [9] Policy and Demand Drivers - The strong performance of the energy storage sector is driven by multiple factors, including policy support, robust demand, and rising prices in the supply chain [10] - The "New Type Energy Storage Scale Construction Special Action Plan (2025-2027)" aims for a new energy storage installation capacity of over 180 million kilowatts by 2027, with direct investment expected to reach approximately 250 billion yuan [10] - The actual demand for energy storage systems from January to September 2025 was 89.2 GW/321.2 GWh, reflecting a year-on-year growth of 178% [10] Electric Grid Equipment Sector Insights - The electric grid equipment sector saw a collective surge, with significant investments reported by the State Grid, which completed fixed asset investments exceeding 420 billion yuan from January to September, a year-on-year increase of 8.1% [12] - The total investment scale of the State Grid is expected to exceed 650 billion yuan for the year [12] - Analysts suggest that the overall demand for electric power equipment is on the rise, driven by energy transitions in Europe and the U.S. and geopolitical factors [13]

Core Viewpoint - The article highlights significant developments in the energy storage market, particularly focusing on major contracts signed by companies in Australia and Europe, indicating a growing trend in energy storage solutions and the strategic moves of key players in the industry [1][2][3]. Group 1: Major Contracts and Collaborations - Trina Solar signed a 5GWh energy storage order with Pacific Green Energy Group, with deliveries planned from 2026 to 2028 [3]. - Pacific Green manages approximately 11GWh of global energy storage projects, with 7GWh located in Australia [5]. - Trina Solar has secured multiple GWh-level storage orders in recent months, including contracts totaling 2.48GWh across China, Latin America, and the Asia-Pacific region, and a 500MWh collaboration with Japan's Tohoku Electric Power [7]. Group 2: Company Performance and Financials - Far East Holdings reported a revenue of 20.209 billion yuan for the first three quarters of 2025, a year-on-year increase of 10.91%, with net profit rising by 268.86% to 168 million yuan [10]. - The company’s energy storage orders reached 1.196 billion yuan, reflecting a 43.10% year-on-year growth [10]. - Far East Holdings is pursuing an "ALL IN AI" strategy, achieving significant revenue growth in emerging markets, which may further enhance its energy storage business [11]. Group 3: Additional Contracts and Market Trends - Four Symbols New Energy signed a 500 million yuan energy storage system procurement contract with Hopu Co., with delivery scheduled for April 2026 [12][13]. - Hopu Co. has seen a substantial increase in its green energy segment, with revenue for the first half of 2025 reaching 20.8039 million yuan, a 256.89% increase year-on-year [13]. - The article notes that the energy storage sector is becoming increasingly important, with multiple companies securing significant orders, indicating a robust market outlook [15].

Core Insights - The engineering consulting services sector experienced a 0.62% increase on November 5, with Hop Holdings leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Stock Performance - Hop Holdings (301024) saw a significant rise of 19.99%, closing at 47.89 with a trading volume of 57,300 shares and a transaction value of 264 million [1] - Other notable performers included: - Kansen Holdings (603458) up 4.33% to 8.91 with a volume of 167,700 shares [1] - Huatu Mountain Road (300492) up 3.41% to 67.99 with a volume of 19,600 shares [1] - Jianyan Design (301167) up 3.03% to 17.68 with a volume of 50,600 shares [1] Capital Flow - The engineering consulting services sector saw a net outflow of 210 million from institutional investors, while retail investors contributed a net inflow of 135 million [2] - The sector's capital flow details indicate: - Hop Holdings had a net inflow of 60.22 million from institutional investors, but a net outflow of 43.14 million from speculative funds [3] - Other companies like Deep Water Planning Institute (301038) and Design Research Institute (300732) also showed varied capital flows with net inflows and outflows [3]