为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 限公司章程》（以下简称《公司章程》）； 报》《证券日报》、巨潮资讯网及深圳证券交易所网站的《苏州翔楼新材料股份 有限公司第三届董事会第二十五次会议决议公告》； 北京市金杜（南京）律师事务所 关于苏州翔楼新材料股份有限公司 之法律意见书 致：苏州翔楼新材料股份有限公司 北京市金杜（南京）律师事务所（以下简称本所）接受苏州翔楼新材料股份 有限公司（以下简称公司）的委托，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（2025 年修订）》 （以下简称《股东会规则》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳 门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章及规范性文件 和现行有效的公司章程有关规定，指派律师出席了公司于 2025 年 5 月 28 日召 开的 2024 年年度股东大会（以下简称本次股东大会），并就本次股东大会相关 事项出具本法律意见书。 报》《证券日报》、巨潮资讯网及深圳证券交易所网站的《苏 ...

Meeting Details - The shareholder meeting of Suzhou Xianglou New Materials Co., Ltd. was held on May 28, 2025, at 14:00 [1] - Voting was conducted both on-site and via the Shenzhen Stock Exchange's online voting system [1] - The total number of shares with voting rights was 30,444,862, representing 39.3729% of the company's total voting shares [1] Attendance and Voting Results - A total of 69 shareholders participated, representing 30,444,862 shares [1] - Among them, 13 shareholders voted on-site, representing 30,253,162 shares, while 56 shareholders voted online, representing 191,700 shares [1] - Small shareholders accounted for 1,400,900 shares, or 1.8117% of the total voting shares [2] Resolutions Passed - The meeting approved several ordinary resolutions with significant support from shareholders [2][3][4] - The voting results showed that 30,425,362 shares were in favor of one resolution, accounting for a majority of the votes cast [5] - Small shareholders voted overwhelmingly in favor, with 98.6080% supporting one of the resolutions [5] Legal Compliance - The meeting's procedures were confirmed to comply with relevant laws and regulations, including the Company Law and Securities Law [8] - The qualifications of attendees and the convenor were deemed valid, ensuring the legality of the voting process and results [8]

证券代码：301160 证券简称：翔楼新材 公告编号：2025-023 苏州翔楼新材料股份有限公司 2024年年度股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席的情况 （一）会议召开情况 1、会议召开时间： （1） 现场会议召开时间：2025年5月28日（星期三）下午14:00。 （2） 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间 为2025年5月28日 9:15-9:25、9:30-11:30 和 13:00-15:00。通过深圳证券交易所互联网 投票系统投票的具体时间为 2025年5月28日上午 9:15 至下午 15:00 期间的任意时间。 2、现场会议召开地点：苏州翔楼新材料股份有限公司（以下简称"公司"）新厂 区2楼会议室，苏州市吴江区学营路285号。 （二）会议出席情况 1、出席会议的总体情况 截至本次股东大会股权登记日,公司总股本为 81,053,314股,公司回购专用 证券账户的股份 ...

北京市金杜（南京）律师事务所 关于苏州翔楼新材料股份有限公司 2024 年年度股东大会 之法律意见书 致：苏州翔楼新材料股份有限公司 北京市金杜（南京）律师事务所（以下简称本所）接受苏州翔楼新材料股份 有限公司（以下简称公司）的委托，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（2025 年修订）》（以下简称《股东会规则》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳 门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章及规范性文件 和现行有效的公司章程有关规定，指派律师出席了公司于 2025 年 5 月 28 日召 开的 2024 年年度股东大会（以下简称本次股东大会），并就本次股东大会相关 事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1.经公司 2025 年第一次临时股东大会审议通过的《苏州翔楼新材料股份有 限公司章程》（以下简称《公司章程》）； 2.公司 2025 年 4 月 11 日刊登于《中国证券报》《上海证券报》 ...

Core Investment Highlights - Company specializes in precision stamping materials for automotive components, extending its business into high-end manufacturing [2] - As a leading enterprise in the domestic precision stamping materials sector, the company maintains a strong position due to its R&D capabilities and large-scale production [2] - The automotive industry is experiencing a recovery, leading to an increase in both volume and price for the company's traditional business [2] Market Opportunities - The global humanoid robot reducer market is projected to grow to 4.3 billion yuan by 2030, with a CAGR of 97% from 2024 to 2030 [3] - The company has made significant progress in the development of flexible wheel materials for harmonic reducers, with plans to enhance R&D in other key components [3] - A new factory in Anhui is expected to be completed by April 2025, which will focus on high-end manufacturing and is projected to release 40,000 tons of advanced capacity [3] Financial Projections - Revenue forecasts for 2025, 2026, and 2027 are 1.89 billion, 2.38 billion, and 3.00 billion yuan, with growth rates of 24.58%, 28.38%, and 26.32% respectively [4] - Net profit estimates for the same years are 270 million, 330 million, and 460 million yuan, with growth rates of 30.43%, 22.22%, and 39.39% respectively [4] - The company is expected to have significant growth potential, with an initial coverage rating of "buy" [4] Institutional Ratings - In the last 90 days, 8 institutions have rated the stock, with 5 "buy" ratings and 3 "hold" ratings [7] - The average target price from institutions over the past 90 days is 104.58 yuan [7]

Investment Rating - The report maintains a "Buy" rating for several steel companies including Baosteel, Hualing Steel, and Nanjing Steel, among others [5]. Core Viewpoints - The report indicates that pig iron prices are gradually declining, leading to a slight recovery in steel profits. The raw material costs are expected to ease further, which may enhance the profitability of steel companies [5]. - Economic data from January to April shows a continued weakness in the real estate sector, while automotive production maintains year-on-year growth. The potential for crude steel production regulation is increasing amid uncertain external demand and weak domestic recovery [5]. Price Trends - As of May 23, steel prices have decreased, with Shanghai's 20mm HRB400 rebar priced at 3160 CNY/ton, down 40 CNY/ton from the previous week. Other steel products also saw price declines [3][11]. - The report details specific price changes for various steel products, indicating a general downward trend in prices over the past week [12]. Production and Inventory - As of May 23, the production of five major steel products increased to 8.72 million tons, a rise of 40,900 tons week-on-week. However, the total inventory of these products decreased by 331,000 tons to 9.5954 million tons [4]. - The apparent consumption of rebar is estimated at 2.4713 million tons, reflecting a decrease of 131,600 tons week-on-week [4]. Profitability Analysis - The report notes an increase in profits for plate products, with long-process rebar, hot-rolled, and cold-rolled margins changing by 0 CNY/ton, +23 CNY/ton, and +69 CNY/ton respectively compared to the previous week [3]. Investment Recommendations - The report recommends several companies for investment: 1. General steel sector: Baosteel, Hualing Steel, Nanjing Steel 2. Special steel sector: CITIC Special Steel, Yongjin Co., and Xianglou New Materials 3. Pipe materials: Jiuli Special Materials, Wujin Stainless Steel, Youfa Group - It also suggests paying attention to high-temperature alloy stocks like Fushun Special Steel [5].

| 投资者关系活动类别 | ☐特定对象调研 | ☐分析师会议 | | --- | --- | --- | | | ☐媒体采访 | ☐业绩说明会 | | | ☐新闻发布会 | ☐路演活动 | | | 现场参观 | | | | ☐其他（请文字说明其他活动内容） | | | | 1、华夏基金 | | | | 2、广发基金 | | | | 3、中欧基金 | | | | 4、高竹基金 | | | | 5、睿郡资产 | | | | 6、冲积资产 | | | | 7、东海证券 | | | | 8、德骏达隆 | | | | 9、中信资管 | | | 参与单位名称及人员姓名 | 10、杭州附加值投资管理有限公司 | | | | 11、光大证券 | | | | 12、东北证券 | | | | 13、汐泰投资 | | | | 14、誉辉资本 | | | | 15、西部证券 | | | | 16、无锡华晟乾道投资有限公司 | | | | 17、上海森锦投资管理有限公司 | | | | 18、国信证券 | | | | 19、东方证券 | | | 20、华龙证券 | | --- | | 21、顶天投资 | | 22、江苏花喜鸟投资管理 ...

Investment Rating - The report maintains a "Buy" rating for several steel companies, including Baosteel, Hualing Steel, and Nanjing Steel, among others [5][6]. Core Viewpoints - The easing of tariffs between China and the US has improved external demand expectations, providing short-term support for steel demand [5][6]. - The report anticipates a potential increase in steel production control due to uncertainties in external demand and a recovering domestic demand [5][6]. - The profitability of steel companies is expected to recover as raw material supply conditions become more favorable [5][6]. Price Summary - As of May 16, steel prices have increased, with rebar (20mm HRB400) priced at 3200 CNY/ton, up 50 CNY/ton from the previous week [3][12]. - Hot-rolled steel (3.0mm) is priced at 3310 CNY/ton, reflecting an increase of 80 CNY/ton [3][12]. - Cold-rolled steel (1.0mm) is priced at 3670 CNY/ton, up 70 CNY/ton [3][12]. Production and Inventory - Total steel production for the week ending May 16 was 8.68 million tons, a decrease of 58,200 tons from the previous week [4]. - Social inventory of major steel products decreased by 392,900 tons to 9.93 million tons [4]. - The apparent consumption of rebar was estimated at 2.60 million tons, an increase of 463,900 tons week-on-week [4]. Investment Recommendations - Recommended stocks include Baosteel, Hualing Steel, Nanjing Steel in the general steel sector, and CITIC Special Steel, Yongjin Co., and Xianglou New Materials in the special steel sector [5]. - Suggested attention to high-temperature alloy stocks such as Fushun Special Steel [5]. Key Company Earnings Forecasts - Baosteel (600019.SH) has an EPS forecast of 0.34 CNY for 2024, with a PE ratio of 20 [5]. - Hualing Steel (000932.SZ) has an EPS forecast of 0.29 CNY for 2024, with a PE ratio of 17 [5]. - Nanjing Steel (600282.SH) has an EPS forecast of 0.37 CNY for 2024, with a PE ratio of 12 [5].

Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [29]. Core Insights - The humanoid robot concept index increased by 2.82% from May 6 to May 9, 2025, outperforming the CSI 300 index by 0.82 percentage points. Year-to-date, the humanoid robot index has risen by 38.21%, surpassing the CSI 300 index by 37.53 percentage points [2][11]. - Key companies in the humanoid robot sector are actively developing new technologies and products, with significant investments and collaborations being reported [3][4][22]. Weekly Market Review - The humanoid robot index saw a weekly increase of 2.82%, with notable performers including AVIC Chengfei, which had the highest weekly gain of 35.97%, while Xianglou New Materials experienced the largest decline at -8.77% [15][11]. - The report highlights the rapid growth and interest in the humanoid robot sector, driven by technological advancements and increased market demand [5][3]. Weekly Hotspots Review Policy Developments - The Beijing humanoid robot open-source community was launched in April 2025, aimed at fostering global collaboration among developers [3][18]. - The city of Foshan is accelerating the development of its humanoid robot industry with a comprehensive action plan for 2025-2030, including a significant investment in a multimodal robot training facility [3][18]. Product Technology Iteration - The deployment of the "Kua Fu humanoid robot" in Mianyang, Sichuan, as a traffic guide demonstrates the practical application of humanoid robots in urban settings [19]. - The 2025 World Robot Expo is set to showcase nearly 50 leading humanoid robot companies, indicating a growing interest in the sector [19][20]. Investment and Financing - IndustrialNext, a company focused on embodied intelligence, completed a multi-million dollar Series A funding round led by Khosla Ventures, highlighting the investment interest in the humanoid robot space [21][3]. - Several companies, including New Era and Zhonglian Heavy Industry, are advancing their humanoid robot projects, with plans for product launches and technology development [22][24]. Key Company Announcements - New Era plans to launch its embodied intelligence/humanoid robot by the end of 2025, while Zhonglian Heavy Industry is accelerating its humanoid robot business development [22][24]. - Far East Cable has successfully applied its cables in the production of humanoid robots, showcasing the integration of components in the industry [24].

Investment Rating - The report maintains a "Buy" rating for several steel companies, including Baosteel, Hualing Steel, and Nanjing Steel, among others [3][4]. Core Viewpoints - Macro policies are expected to support marginal improvements in steel demand, with the government implementing measures such as interest rate cuts and increased lending for technological innovation [3]. - The report highlights a decrease in steel prices and profits, with specific price drops noted for various steel products as of May 9, 2025 [1][9]. - Steel production has decreased, with total output for five major steel products at 8.74 million tons, a reduction of 95,200 tons week-on-week [2]. Summary by Sections Price Trends - As of May 9, 2025, the price of 20mm HRB400 rebar in Shanghai is 3,150 CNY/ton, down 50 CNY/ton from the previous week [1][10]. - Other steel products also saw price declines, including hot-rolled and cold-rolled sheets [1][10]. Profitability - The report indicates a decline in steel profits, with rebar, hot-rolled, and cold-rolled steel margins decreasing by 13 CNY/ton, 2 CNY/ton, and 44 CNY/ton respectively [1][2]. Production and Inventory - Total production of five major steel products decreased to 8.74 million tons, with rebar production specifically down to 2.2353 million tons [2]. - Total social inventory of these steel products increased by 94,200 tons to 1,031.93 million tons [2]. Investment Recommendations - The report suggests focusing on companies within the general steel sector such as Baosteel, Hualing Steel, and Nanjing Steel, as well as special steel companies like CITIC Special Steel and Yongjin Co., Ltd. [3]. - It also recommends monitoring high-temperature alloy companies like Fushun Special Steel [3].