致：苏州欧圣电气股份有限公司 国浩律师（上海）事务所（以下简称"本所"）担任苏州欧圣电气股份有限公 司（以下称"公司"）之特聘法律顾问，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》"）、《深 圳证券交易所创业板股票上市规则》、《上市公司股东会规则》（以下简称"《股 东会规则》"）、《深圳证券交易所上市公司股东会网络投票实施细则》（以下简 称"《网络投票实施细则》"）等法律、法规及《苏州欧圣电气股份有限公司章程》 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于苏州欧圣电气股份有限公司 2024 年年度股东大会的 法律意见书 （以下称"《公司章程》"）等有关规定，指派金诗晟律师、何佳欢律师出席并见 证公司 2024 年年度股东大会（以下简称"本次股东大会"），对本次股东大会的 召集、召开程序、出席人员资格、会议表决程序等事宜进行了审查。 本所依据本法律意见书出具日之前已经发生或存在的事实及中国现行法律、 法规及规范性文件发表法律意见。 本所同意将本法律意见书作为公司本次股东大会公告的法定文件，随公司其 他公告文件一并公告。 本所律师已经 ...

证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-037 苏州欧圣电气股份有限公司 2024年年度股东大会决议公告 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开的日期、时间： 网络投票时间：通过深圳证券交易所（以下简称"深交所"）交易系统进行 网络投票的具体时间为：2025年5月9日的交易时间，即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9日9:15-15:00。 2、会议地点：江苏省苏州市吴江区来秀路888号公司会议室。 现场会议时间：2025年5月9日（星期五）下午14:30。 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： 3、会议召开的方式：本次股东大会采取现场投票和网络投票相结合的表决 方式。 4、股东大会的召集人：苏州欧圣电气股份有限公司董事会。 5、会议主持人：本次会议由公司独立董事俞子辰先生主持。 6、会议召开的合法、 ...

国浩律师（上海）事务所 关于 苏州欧圣电气股份有限公司 2025 年员工持股计划 之 法律意见书 上海市静安区山西北路 99 号苏河湾中心 MT25-28 楼 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China T. +86 21 52341668 F. +86 21 52341670 E. grandallsh@grandall.com.cn W.www.grandall.com.cn 二〇二五年五月 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于苏州欧圣电气股份有限公司 2025 年员工持股计划 之法律意见书 致：苏州欧圣电气股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受苏州欧圣电气股份有限 公司（以下简称"欧圣电气"或"公司"）的委托，担任公司设立苏州欧圣电气 股份有限公司 2025 年员工持股计划（以下简称"本次员工持股计划"）事项的专 项法律顾问。 本所律师依据《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 ...

关于苏州欧圣电气股份有限公司 中泰证券股份有限公司 2 台账，抽查大额募集资金使用凭证；（5）查阅会计师出具的募集资金置换专项鉴证报告；（6）对 相关人员进行访谈。 1.是否在募集资金到位后一个月内签订三方监管协议 √ 2.募集资金三方监管协议是否有效执行 √ 3.募集资金是否不存在第三方占用或违规进行委托理财等情形 √ 4.是否不存在未履行审议程序擅自变更募集资金用途、暂时补充流动 资金、置换预先投入、改变实施地点等情形 √ 5.使用闲置募集资金暂时补充流动资金、将募集资金投向变更为永久 性补充流动资金或者使用超募资金补充流动资金或者偿还银行贷款 的，公司是否未在承诺期间进行高风险投资 √ 6.募集资金使用与已披露情况是否一致，项目进度、投资效益是否与 招股说明书等相符 √ 7.募集资金项目实施过程中是否不存在重大风险 √ （六）业绩情况 现场检查手段： （1）查阅公司定期报告的业绩情况；（2）查阅同行业公司业绩情况并进行对比分析。 1.业绩是否存在大幅波动的情况 √ 2.业绩大幅波动是否存在合理解释 √ 3.与同行业可比公司比较，公司业绩是否不存在明显异常 √ （七）公司及股东承诺履行情况 2024 年度 ...

Group 1: Market Expansion and Revenue Growth - The company is implementing a ROW (rest of the world) strategy to actively develop global markets outside North America, with non-North American market revenue reaching nearly 10% by the end of 2024 [2][3] - In 2024, the company's revenue grew by 45.05%, and net profit increased by 44.94%, driven by product and market expansion [2][3] - The North American pneumatic tools market is recovering, with major clients increasing procurement, contributing to the company's growth [3] Group 2: Financial Performance - In Q1 2025, the company's revenue increased by 61.33% year-on-year, while net profit rose by 43.84% [3] - The gross margin of key products such as vacuum cleaners and air compressors showed limited year-on-year variation, with plans to optimize product structure and increase high-margin products [4][5] Group 3: Product Development and R&D Focus - Future R&D will focus on upgrading small air compressors and wet/dry vacuum cleaners, as well as developing new air power technology products [4][5] - The company plans to enhance its nursing robot technology, ensuring stable growth in R&D investment and developing more functionalities [5][6] Group 4: Sales Models and Profit Contribution - The main sales models are ODM and brand authorization, each contributing over 45% to total sales [4][5] - The company aims to promote the OBM (own brand) model while enhancing high-end and high-margin products within ODM and brand authorization [5] Group 5: Cost Management and Risk Mitigation - The company employs vertical integration in production to control costs and improve product quality, with plans to continue this model [5][6] - To address raw material price fluctuations, the company has established long-term agreements with suppliers and employs flexible pricing strategies [6][7] Group 6: Operational Updates and Future Outlook - The new factory in Malaysia is expected to start large-scale production in May 2025, which will mitigate the impact of U.S. tariffs on exports [7] - The company anticipates stable production and shipping operations despite recent tariff changes [7]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's Q1 2025 revenue reached 526 million yuan, a year-on-year increase of 61%, with a net profit attributable to the parent company of 62 million yuan, up 44% year-on-year [6] - The company is experiencing rapid order growth driven by major clients and successful expansion into new regions, with significant contributions from the North American market and new product developments [6] - The gross margin has decreased by 7.8 percentage points year-on-year, primarily due to the introduction of new products that have lower margins, but the company has managed to reduce its selling, administrative, and R&D expense ratios due to economies of scale [6] - The company is projected to achieve net profits of 319 million yuan, 401 million yuan, and 456 million yuan for the years 2025, 2026, and 2027 respectively, with corresponding year-on-year growth rates of 25.9%, 25.8%, and 13.5% [6] Financial Data and Profit Forecast - Total revenue for 2025 is estimated at 2,229 million yuan, with a year-on-year growth rate of 26.4% [5] - The company expects to maintain a strong growth trajectory, with projected net profits of 3.2 billion yuan, 4.0 billion yuan, and 4.6 billion yuan for 2025, 2026, and 2027 respectively, corresponding to PE ratios of 18, 14, and 13 [6][5] - The company's gross margin is expected to be 36.3% in 2025, with a return on equity (ROE) of 19.7% [5]

证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-036 苏州欧圣电气股份有限公司 第三届监事会第十六次会议决议公告 三、备查文件 1. 第三届监事会第十六次会议决议。 苏州欧圣电气股份有限公司（以下简称"公司"）于2025年4月21日以通讯和 电子邮件方式向全体监事发出会议通知及会议材料，以现场结合通讯表决的方式 于2025年4月23日在公司会议室召开第三届监事会第十六次会议。本次监事会会 议应出席监事3人，实际出席3人（何顺莲女士生以通讯表决方式参加）。会议由 公司监事会主席何顺莲女士主持。公司部分高级管理人员列席了本次会议。本次 会议符合《中华人民共和国公司法》等相关法律法规以及《公司章程》等制度的 规定。 特此公告。 本公司及监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。 二、监事会会议审议情况 一、监事会会议召开情况 （一）审议通过《关于公司2025年第一季度报告的议案》 经审核，监事会认为，公司《2025 年第一季度报告》的编制和审议程序符 合法律法规、中国证监会和深圳证券交易所的要求，报告内容真实、准确、完 整，不存在虚假记载、误导性 ...

证券代码：301187 证券简称：欧圣电气 公告编号：2025-035 具体内容详见公司于同日刊登在巨潮资讯网（www.cninfo.com.cn）的相关 公告。 表决结果：7 票同意，0 票反对，0 票弃权。 三、备查文件 苏州欧圣电气股份有限公司 第三届董事会第十七次会议决议公告 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 苏州欧圣电气股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日以通 讯和电子邮件方式向全体董事发出会议通知及会议材料。以现场结合通讯的方式 于 2025 年 4 月 23 日在公司会议室召开第三届董事会第十七次会议并作出决议。 本次董事会会议应出席董事 7 人，实际出席董事 7 人，会议由公司董事长 WEIDONG LU 先生主持，公司监事、高级管理人员列席了会议。本次会议符 合《中华人民共和国公司法》（以下简称"公司法"）等相关法律法规以及《公司 章程》等制度的规定。 二、董事会会议审议情况 （一）审议通过《关于公司2025年第一季度报告的议案》 董事会认为，公司《2025 年第一季度报告》 ...

Financial Performance - The company's revenue for Q1 2025 reached ¥525,810,665.50, representing a 61.33% increase compared to ¥325,917,299.20 in the same period last year[5] - Net profit attributable to shareholders was ¥61,540,138.67, up 43.84% from ¥42,783,012.63 year-on-year[5] - Basic and diluted earnings per share rose by 36.61% to ¥0.3403, compared to ¥0.2491 in the same period last year[5] - Total operating revenue for the current period reached ¥525,810,665.50, a significant increase from ¥325,917,299.20 in the previous period, representing a growth of approximately 61.2%[18] - Net profit for the current period was ¥61,540,138.67, compared to ¥42,783,012.63 in the previous period, reflecting an increase of approximately 43.8%[20] Cash Flow - The net cash flow from operating activities increased by 32.25% to ¥73,607,763.33, compared to ¥55,656,195.28 in the previous year[5] - Cash generated from operating activities was ¥493,125,250.29, compared to ¥272,377,856.11 in the previous period, showing an increase of approximately 81.0%[22] - The net cash flow from operating activities was $73,607,763.33, an increase from $55,656,195.28 in the previous period, reflecting a growth of approximately 32.9%[23] - The net cash flow from financing activities increased to $257,600,394.55 from $106,815,968.87, representing a significant growth of approximately 141.5%[23] - The net increase in cash and cash equivalents for the period was $78,689,137.25, compared to $29,089,195.10 in the previous period, reflecting a growth of approximately 170.5%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,255,853,099.55, a 10.17% increase from ¥2,955,261,059.27 at the end of the previous year[5] - Total liabilities increased to ¥1,781,365,680.95 from ¥1,464,588,846.63, which is an increase of about 21.6%[18] - Non-current liabilities rose to ¥371,576,105.72 from ¥216,329,111.06, indicating an increase of approximately 71.9%[18] - Non-current assets totaled ¥1,586,880,660.62, up from ¥1,391,922,708.02, indicating an increase of about 14%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,320[11] - The largest shareholder, Santa Barbara Investment LLC, holds 67.51% of shares, totaling 123,269,439 shares[11] - The company has not reported any changes in the number of preferred shareholders or significant changes in shareholding structure[13] - There are no indications of related party transactions among the top shareholders beyond the established relationships[12] Expenses and Income - Total operating costs amounted to ¥455,621,300.45, up from ¥266,295,133.90, indicating a rise of about 71.2%[19] - Sales expenses increased by 35.23% to ¥55,995,544.32, driven by higher brand licensing fees and commissions[9] - The company reported a significant increase in other non-current assets, which rose by 5274.18% to ¥140,662,546.95, primarily due to payments made for acquiring a German company[9] - The company reported a 94.96% decrease in investment income to ¥93,951.42, attributed to reduced interest income from structured deposits[9] - The company received government subsidies amounting to ¥2,686,123.90, an increase of 83.53% compared to the previous year[9] Tax and Comprehensive Income - The company reported a tax expense of ¥9,722,301.31 for the current period, down from ¥13,686,437.62 in the previous period, representing a decrease of approximately 29.0%[20] - Other comprehensive income after tax for the current period was -¥1,782,775.08, an improvement from -¥9,586,405.33 in the previous period[20]

发展趋势 多因素驱动， 公司收入持续高增。1Q/2Q/3Q/4Q24 公司收入同比+34%/+78%/+57%/+21%，公司收入持 续高增。1H24 主要是补库需求和新增型号出货拉动，2H24 起新项目、新品类、新市场开始贡献更多收 入增量，2H24 公司干湿两用吸尘器/小型空压机/配件及其他（包含工业风扇及新品类）收入同比 +33%/+39%/+69%。我们认为公司收入增长有望持续，主要驱动力：1）下游渠道客户与公司合作加 深；2）拓展多种新品类，如园林工具、气动工具套装、洗地机；3）新市场开拓。 公司综合盈利能力保持稳定。1）公司2024 年毛利率34.1%，同比-1.7ppt，主要受汇率、海运费和产品 结构影响，其中空压机/吸尘器毛利率同比-2.1/+2.3ppt 至25%/41%。2）2024 年公司销售/管理/研发费用 率同比-1.3ppt/+0.2ppt/-1.0ppt 至10.5%/4.5%/4.5%。3）受汇率波动影响，2024 年公司汇兑收益较2023 年 增加627 万元，同时由于借款增加导致利息支出增加，2024 年财务费用率同比+1.6ppt。4）综合影响 下，公司2024 年归母净 ...