证券代码：301031 证券简称：中熔电气 公告编号：2025-065 西安中熔电气股份有限公司 关于2022年限制性股票激励计划首次授予部分 第一个归属期条件成就的公告 本公司及全体董事会成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者遗漏。 特别提示： 1、本次符合归属条件的激励对象人数147人； 2、本次拟归属股票数量：857,167股，占目前公司总股本的0.8750%； 3、归属股票来源：公司向激励对象定向发行的本公司人民币A股普通股股票； 4、本次归属的限制性股票待相关手续办理完成后、股票上市流通前，公司将 发布相关提示性公告，敬请投资者关注。 根据西安中熔电气股份有限公司（以下简称"公司"）2023年第一次临时股东 大会的授权，公司于2025年5月30日召开了第四届董事会第二次会议，会议审议通过 了《关于2022年限制性股票激励计划首次授予部分第一个归属期条件成就的议案》， 董事会同意按照《西安中熔电气股份有限公司2022年限制性股票激励计划(草案修订 稿)》（以下简称"本激励计划"或"《激励计划》"）的相关规定向符合条件的 147名激励对象办理857,167股限制性股票归属 ...

上海市锦天城律师事务所 关于西安中熔电气股份有限公司 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于西安中熔电气股份有限公司 2022 年限制性股票激励计划授予价格及授予数量调整、第一个归属 期归属条件成就及作废部分已授予尚未归属限制性股票相关事项的 法律意见书 2022 年限制性股票激励计划授予价格及授予数量调整、第一 个归属期归属条件成就及作废部分已授予尚未归属限制性股 票相关事项的 致：西安中熔电气股份有限公司 上海市锦天城律师事务所(以下简称"本所")接受西安中熔电气股份有限公 司(以下简称"公司"或"中熔电气")的委托，作为中熔电气 2022 年限制性股票 激励计划(以下简称"本激励计划")相关事项的特聘法律顾问，依据《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》")《上市公司股权激励管理办法》(以下简称"《管理办法》")《深圳证券 交易所创业板股票上市规则》( ...

证券代码：301031 证券简称：中熔电气 公告编号：2025-062 西安中熔电气股份有限公司 第四届董事会第二次会议决议公告 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。 一、董事会会议召开情况 西安中熔电气股份有限公司（以下简称"公司"）第四届董事会第二次会议通 知于2025年5月23日以电子邮件、微信等通讯方式向全体董事发出，董事会于2025年5 月30日以现场结合通讯表决方式在公司会议室召开。本次会议应出席董事9名，实际 出席董事9名，由董事长方广文先生召集和主持，公司高级管理人员列席了本次会议。 本次董事会会议的召集和召开符合《中华人民共和国公司法》（以下简称《公司 法》）等相关法律法规及《公司章程》《董事会议事规则》等公司内部制度的有关规定。 二、董事会会议审议情况 本次会议经与会董事认真审议，形成如下决议： （二）审议并通过《关于作废2022年限制性股票激励计划部分已授予尚未归属 的限制性股票的议案》 1 因公司2022年限制性股票激励计划激励对象中的11名激励对象离职，不具备激励 对象资格，作废9.1760万股；55名激励对象2023年度绩 ...

Summary of Key Points Core Viewpoint - The company Zhongrong Electric (301031) has announced its profit distribution plan for the fiscal year 2024, which includes cash dividends and stock bonuses for shareholders [2][4]. Trading Information - As of May 23, 2025, Zhongrong Electric's stock closed at 119.14 yuan, down 2.66%, with a turnover rate of 1.79%, a trading volume of 8,539 lots, and a transaction amount of 103 million yuan [1]. - On the same day, the fund flow showed a net outflow of 3.1154 million yuan from institutional investors and a net outflow of 56,800 yuan from retail investors, while retail investors had a net inflow of 3.1722 million yuan [2][4]. Company Announcement - The profit distribution plan approved at the shareholders' meeting on May 12, 2025, includes: - A cash dividend of 6.5 yuan (tax included) per 10 shares, totaling approximately 42.91 million yuan [2][4]. - A stock bonus of 4.8 shares for every 10 shares held, resulting in a total increase of 31.69 million shares [2][4]. - The record date for the distribution is May 29, 2025, and the ex-dividend date is May 30, 2025 [2][4]. - Cash dividends will be directly credited to shareholders' accounts on May 30, 2025 [2].

Group 1 - The company held its 2024 annual general meeting, where the profit distribution plan for 2024 and the mid-term cash dividend proposal for 2025 were approved [1] - The profit distribution plan involves a cash dividend of 6.5 RMB per 10 shares and a capital reserve increase of 4.8 shares for every 10 shares held [2][3] - The total number of shares before the distribution is 66,277,427, and after the capital reserve increase, it will be 97,965,023 shares [6] Group 2 - The record date for the distribution is set for May 29, 2025, and the ex-dividend date is May 30, 2025 [3] - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the record date [3] - The company will adjust the minimum selling price for certain shareholders based on the profit distribution implementation [3]

证券代码：301031 证券简称：中熔电气 公告编号：2025-061 西安中熔电气股份有限公司 2024年度利润分配实施公告 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。 一、股东大会审议通过2024年度利润分配方案等情况 1、西安中熔电气股份有限公司（以下简称"公司"、"本公司"）于2025年5月12日召 开的2024年年度股东大会审议通过了《关于2024年度利润分配预案及2025年中期现金分红建议 方案的议案》。2024年年度股东大会决议公告详见公司于巨潮资讯网上刊登的《2024年年度 股东大会决议公告》（公告编号：2025-057）。 2、截至2025年5月，公司已回购股份261,600股，因公司回购专用账户中的股份不享有 利润分配等权利，本次分配方案未以总股本为基数实施，按照分派总额不变的原则，以 2024 年 12 月 31 日 总 股 本 66,277,427 股 剔 除 公 司 回 购 专 用 账 户 持 有 的 261,600 股 后 的 66,015,827股为基数，向全体股东每10股派发现金红利6.5元（含税），合计分配现金红利 42, ...

Investment Rating - The investment rating for the electric power equipment industry is "Positive" (maintained) [1] Core Viewpoints - The report highlights a significant increase in BEV sales among major automakers in Europe, indicating a strong trend towards electrification in the automotive industry. Renault's BEV sales grew by 88% year-on-year, Volkswagen's by 113%, and BMW's by 64% in Q1 2025 [4][14][23] - The introduction of new electric vehicle models is expected to sustain the electrification trend, with various automakers planning to launch competitively priced electric vehicles in the coming years [6][37] - The report discusses the implications of carbon emission regulations, noting that a shift to a three-year average assessment period for emissions targets could alleviate pressure on automakers and allow for better planning and execution of new model launches [53] Summary by Sections Sales Performance - In Q1 2025, Renault's BEV sales increased by 88% year-on-year, with a penetration rate of 17.1% [15] - Volkswagen's BEV deliveries in Europe rose by 113%, achieving a market share of approximately 26% [19][21] - BMW's BEV sales in Europe grew by 64%, with a penetration rate of 18.7% [23] New Model Launches - Stellantis plans to introduce multiple new models priced below €25,000, which are expected to boost sales in Q2 2025 [40] - Renault's new model, the Renault 4, is set to launch in Q2 2025, building on the success of the Renault 5 [41] - Volkswagen will showcase a new range of entry-level BEVs in September 2025, with the ID.2 model expected to launch in 2026 [45] Carbon Emission Regulations - The European Parliament has approved a revision of carbon emission regulations, shifting to a three-year average assessment, which is seen as beneficial for the industry [53] - Stellantis believes that relaxing the assessment timeline can prevent panic pricing strategies in late 2025 [54] - BMW is confident in meeting the revised emission targets, having already exceeded previous goals [58] Investment Recommendations - The report recommends investing in companies involved in lithium batteries, such as CATL and Yiwei Lithium Energy, as well as companies producing lithium materials and components [59]

Investment Rating - The investment rating for the electric power equipment industry is "Positive" (maintained) [1] Core Insights - The report highlights a significant increase in BEV sales among major automakers in Europe, indicating a strong trend towards electrification in the automotive industry. Renault's BEV sales grew by 88%, Volkswagen's by 113%, and BMW's by 64% in Q1 2025 [4][14][23] - The introduction of new electric vehicle models is expected to sustain the electrification trend, with Stellantis and Renault planning to launch multiple affordable B-segment electric vehicles by the end of 2024 [6][37] - The report discusses the impact of carbon emission regulations, noting that the EU has revised its assessment method to consider a three-year average from 2025 to 2027, which may alleviate immediate pressure on automakers [53] Summary by Sections Sales Performance - In Q1 2025, Renault's BEV sales increased by 88%, with a penetration rate of 17.1% in Europe. The Renault 5 model was the best-selling B-segment electric vehicle [15][18] - Volkswagen's BEV deliveries in Europe rose by 113%, achieving a market share of approximately 26% [19][21] - BMW's BEV sales in Europe grew by 64%, with a penetration rate of 18.7% [23][25] - Chinese automakers are increasing PHEV exports to mitigate the impact of tariffs, with BYD's sales in Europe rising by 124% [5][32] New Model Launches - Stellantis plans to launch several new models priced below €25,000, which are expected to boost sales in Q2 2025 [40] - Renault's new model, the Renault 4, is set to launch in Q2 2025, building on the success of the Renault 5 [41] - Volkswagen will showcase a new range of entry-level BEVs in September 2025, with the ID.2 model expected to launch in 2026 [45] - BMW is set to begin production of the iX3 by the end of 2025, with a series of NEUE KLASSE models to follow [46] Carbon Emission Regulations - The EU's revised carbon emission assessment method is expected to provide automakers with more time to meet targets, with a focus on increasing BEV penetration rates [53] - Stellantis believes that the revised timeline will prevent panic pricing in Q4 2025 [54] - Renault emphasizes the importance of reducing costs to maintain competitiveness in the electric vehicle market [55] - Volkswagen anticipates continued pressure in 2025, despite the regulatory changes [57] - BMW expresses confidence in meeting carbon emission targets due to its current BEV penetration rate [58] Investment Recommendations - The report recommends investing in companies involved in lithium batteries, such as CATL and Yiwei Lithium Energy, as well as companies producing lithium materials and components [59]

Group 1 - Huawei automotive concept stocks rose by 2.18%, ranking fourth among concept sectors, with 138 stocks increasing in value [1][2] - Notable gainers included Haoen Electric, which hit a 20% limit up, and Tianqi Mould, Asia-Pacific Shares, and Mingke Technology, which also reached their daily limit [1] - The top gainers in the sector were Yongding Shares, Silver Wheel Shares, and Lihexing, with increases of 8.08%, 7.23%, and 6.72% respectively [1] Group 2 - The Huawei automotive concept sector saw a net inflow of 2.149 billion yuan, with 92 stocks receiving net inflows, and 10 stocks exceeding 100 million yuan in net inflows [2] - Yongding Shares led the net inflow with 423 million yuan, followed by Tianqi Mould and Silver Wheel Shares with 407 million yuan and 332 million yuan respectively [2] - The net inflow ratios for Mingke Technology, Tianqi Mould, and Shenglong Shares were 39.04%, 33.46%, and 30.81% respectively, indicating strong investor interest [3]

Investment Rating - Investment rating: Positive (maintained) [2] Core Views - The European electric vehicle market shows a significant recovery trend in 2025, with April sales of 211,000 units, a year-on-year increase of 30.7% and a penetration rate of 26.3%, up by 6.4 percentage points [6][15] - The EU Parliament approved amendments to carbon emission assessments, delaying the tightening of targets but maintaining the overall trend towards stricter regulations [44][45] Summary by Sections 1. Electric Vehicle Sales in Europe - In April 2025, Germany's BEV sales reached 46,000 units, up 53.5% year-on-year, with a penetration rate of 18.8% [16] - In the UK, BEV sales were 25,000 units, up 8.1% year-on-year, with a penetration rate of 20.4% [22] - France's BEV sales were 26,000 units, up 2.3% year-on-year, with a penetration rate of 18.4% [27] - Sweden's BEV sales reached 9,000 units, up 25.8% year-on-year, with a penetration rate of 35.2% [30] - Norway's BEV penetration rate hit 97%, with sales of 11,000 units, up 8.9% year-on-year [34] - Italy's BEV sales were 7,000 units, up 105.2% year-on-year, with a penetration rate of 4.8% [36] - Spain's BEV sales reached 7,000 units, up 77.9% year-on-year, with a penetration rate of 6.9% [40] 2. Policy Developments - The German coalition agreement includes multiple measures to promote electric vehicle development, such as increasing tax incentives and supporting charging infrastructure [17][18] - The UK government adjusted ZEV sales targets to provide more flexibility and reduced penalties for non-compliance, while maintaining the 2030 ban on petrol and diesel cars [23] 3. Investment Recommendations - Recommended stocks in lithium batteries include CATL, Yiwei Lithium Energy, and Xinwangda, with beneficiaries including Zhongxin Innovation and Guoxuan High-Tech [45] - For lithium materials, recommended stocks include Hunan Youneng and Huayou Cobalt, with beneficiaries like Fulin Precision and Wanrun New Energy [45][46] - Beneficiaries in lithium battery structural components include Keda Li and Minglida [46]