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 关于江苏康力源体育科技股份有限公司 2024 年年度股东大会的 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 关于江苏康力源体育科技股份有限公司 2024 年年度股东大会的 法律意见书 致：江苏康力源体育科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受江苏康力源体育科技 股份有限公司（以下简称"公司"）的委托，指派颜强律师、王栗栗律师出席 公司 2024 年年度股东大会(以下简称"本次股东大会"），并依据《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》（以下简称 《证券法》）等法律、法规、规范性文件以及《江苏康力源体育科技股份有限 公司章程》（以下简称《公司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律 业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严 ...

东海证券股份有限公司 关于江苏康力源体育科技股份有限公司 2024 年度持续督导跟踪报告 | 保荐机构名称：东海证券股份有限公司 | 被保荐公司简称：康力源 | | --- | --- | | 保荐代表人姓名：张兴初 | 联系电话：021-20333529 | | 保荐代表人姓名：李郭明 | 联系电话：021-20333529 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不 | | | 限于防止关联方占用公司资源的制度、募集资金管 | 是 | | 理制度、内控制度、内部审计制度、关联交易制 | | | 度） | | | | 否，2024 年 11 月 5 日和 6 日，公司全 | | | 资子公司徐州诚诚亿国际贸易有限公司 | | | （以下简称"徐州诚诚亿"）卖出了两 笔外汇看涨期权，属于外汇套期保值业 | | （2）公司是 ...

Group 1: Financial Performance - The company achieved a revenue of 686.81 million yuan in 2024, representing a year-on-year growth of 12.74% [3] - Net profit for 2024 was 81.23 million yuan, a decrease of 16.20% compared to the previous year [3] - The net profit after deducting non-recurring gains and losses was 81.25 million yuan, showing a year-on-year increase of 20.77% [3] Group 2: Dividend Policy - The cash dividend plan for 2024 is set at 0.5 yuan per 10 shares, balancing shareholder returns with company development needs [3] Group 3: Market Strategy - The company will focus on dual-driven sales (domestic and international) to maintain stable performance in 2025 [4] - Plans to enhance digital factory construction and develop an industrial internet platform [4] - The company aims to expand its customer base and increase the proportion of self-owned brands through cross-border e-commerce [4] Group 4: Competitive Advantages - The company has a comprehensive product matrix covering various fitness equipment for home and commercial use [3] - It boasts a global layout with production bases and sales networks in over 40 countries [3] - The company leads in technological innovation with smart and modular design capabilities [3] Group 5: Industry Outlook - The fitness equipment industry is expected to grow due to increasing health awareness and the rapid development of national fitness initiatives [4] - The company plans to leverage AI and policy benefits to enhance its manufacturing and service capabilities [5] Group 6: Future Developments - The company is exploring opportunities in the outdoor and climbing equipment sectors [6] - Plans to optimize the production ratio of rehabilitation products in response to the aging population trend [6] - The Malaysian factory is on track to commence production in 2025, aimed at serving Southeast Asia and the European and American markets [6]

Group 1 - Jiangsu Kangliyuan Sports Technology Co., Ltd. has obtained a patent for a "round pipe processing device," with the authorization announcement number CN222805935U, and the application date is June 2024 [1] - The patent describes a device in the round pipe processing field that includes upper and lower templates, with the lower template featuring a mold groove for the round pipe, significantly improving work efficiency by completing three actions (flattening, cutting arcs, and punching) in one movement [1] - The design of the device reduces precision issues caused by using multiple molds, thereby saving production costs and demonstrating practical effectiveness, making it worthy of promotion in the current market [1] Group 2 - Jiangsu Kangliyuan Sports Technology Co., Ltd. was established in 1998 and is located in Xuzhou, primarily engaged in the manufacturing of cultural, educational, artistic, sports, and entertainment products [2] - The company has a registered capital of 66.67 million RMB and has made investments in 11 enterprises, participated in 542 bidding projects, and holds 310 patent information records [2] - Additionally, the company possesses 22 trademark information records and 19 administrative licenses [2]

证券代码：301287 证券简称：康力源 公告编号：2025-024 江苏康力源体育科技股份有限公司 第二届监事会第十二次会议决议公告 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。 一、监事会会议召开情况 江苏康力源体育科技股份有限公司（以下简称"公司"）第二届监事会第十二 次会议通知已于 2025 年 4 月 22 日通过书面或通讯方式送达。会议于 2025 年 4 月 25 日以现场表决方式在公司会议室召开。本次会议应出席监事 3 名，实际出 席监事 3 名。会议由监事会主席郭景报先生主持。本次会议的召开符合《中华人 民共和国公司法》等法律、法规、规范性文件和《公司章程》的有关规定，会议 合法、有效。 二、监事会会议审议情况 经与会监事认真审议，会议表决通过了以下议案并形成决议： 1、审议通过《关于公司 2025 年第一季度报告的议案》 监事会认为：《2025 年第一季度报告》的编制和审议程序符合法律、法规 和《公司章程》的规定，公司《2025 年第一季度报告》真实、客观地反映了报 告期公司财务状况和经营成果，所载资料不存在任何虚假记载、误导性陈述或者 ...

证券代码：301287 证券简称：康力源 公告编号：2025-023 江苏康力源体育科技股份有限公司 第二届董事会第十三次会议决议公告 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 江苏康力源体育科技股份有限公司（以下简称"公司"）第二届董事会第十 三次会议通知已于 2025 年 4 月 22 日通过书面或通讯方式送达。会议于 2025 年 4 月 25 日以现场结合通讯的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。会议由董事长衡墩建先生主持，公司监事列席了会议。本次 会议的召开和表决程序符合《中华人民共和国公司法》等法律、法规、规范性文 件和《公司章程》的有关规定，会议合法、有效。 二、董事会会议审议情况 经审议，董事会一致认为公司《2025 年第一季度报告》所披露的信息不存 在虚假记载、误导性陈述或重大遗漏，符合有关法律、法规及会计准则的规定， 真实、准确地反映了公司 2025 年第一季度的财务状况和经营成果，符合公司实 际情况。 本议案已经公司第二届董事会审计委员会第七次会议审议通过。 表决结果：9 ...

Revenue and Profitability - The company's revenue for Q1 2025 was ¥138,930,993.19, a decrease of 15.65% compared to ¥164,708,377.05 in the same period last year[5] - Net profit attributable to shareholders increased by 7.96% to ¥18,741,457.25 from ¥17,359,149.69 year-on-year[5] - Total operating revenue decreased to ¥138,930,993.19 from ¥164,708,377.05, a decline of approximately 15.7% year-over-year[18] - Net profit increased to ¥18,767,667.46 from ¥17,381,440.93, reflecting a growth of approximately 8.0% year-over-year[19] - Operating profit rose to ¥22,524,016.28 compared to ¥21,073,836.13, an increase of about 6.9% year-over-year[19] - Basic and diluted earnings per share increased to ¥0.28 from ¥0.26, reflecting a growth of approximately 7.7% year-over-year[19] Cash Flow and Financial Activities - The net cash flow from operating activities rose by 28.10% to ¥15,016,180.01, compared to ¥11,722,368.15 in the previous year[5] - Cash flow from operating activities generated ¥15,016,180.01, up from ¥11,722,368.15, marking a growth of approximately 28.0% year-over-year[21] - Cash flow from investing activities yielded a net inflow of ¥32,338,840.98, compared to a net outflow of ¥8,755,443.01 in the previous period[21] - The company experienced a foreign exchange impact of -¥783,371.45 on cash and cash equivalents[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,676,206,450.50, reflecting a 0.79% increase from ¥1,663,145,628.51 at the end of the previous year[5] - Current assets increased to CNY 1,505,733,767.23 from CNY 1,491,750,592.72, reflecting a growth of approximately 0.15%[15] - Cash and cash equivalents rose to CNY 957,930,475.73, up from CNY 867,121,403.52, indicating a growth of about 10.5%[15] - Total liabilities decreased slightly to CNY 501,210,330.21 from CNY 506,917,175.68, a reduction of approximately 1.4%[16] - The total equity of the company as of March 31, 2025, was CNY 1,174,996,120.29, up from CNY 1,156,228,452.83[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,781[11] - The company reported a total of 10 major shareholders, with the largest shareholder holding 73.55% of the shares[12] Investment and Financial Performance - Investment income increased by 100% to ¥2,874,754.07, driven by higher returns from financial products[9] - The company reported a significant increase in investment income of ¥2,874,754.07, with no prior period comparison available[21] - The company's financial expenses decreased by 36.11% to -¥4,076,127.90, attributed to reduced interest income and exchange rate fluctuations[9] Inventory and Receivables - The company's accounts receivable decreased by 33.58% to ¥89,448,166.86, primarily due to increased sales collections[9] - Accounts receivable decreased to CNY 89,448,166.86 from CNY 134,661,606.36, a decline of about 33.5%[15] - Inventory decreased slightly to CNY 91,814,371.49 from CNY 94,237,699.38, a reduction of approximately 2.6%[15]

公司是一家专注于健身器材研发、制造与销售的高新技术企业。经过多年的发展，公司形成了以综合训 练器和自由力量训练器为主导、无氧与有氧结合、室内与室外结合、家用与商用结合的综合性健身器材 业务体系，种类多达千余种。 4月21日晚间，康力源（301287）公布2024年年报，报告期内，公司营业收入为6.87亿元，同比上升 12.74%；扣非归母净利润为8124.93万元，同比上升20.77%。公司拟向全体股东每10股派发现金红利5元 (含税)，预计派发金额为3333.5万元，占归母净利润的41.04%。 公司采取外销与内销、线下与线上、ODM与自主品牌方式相结合的销售模式，向欧美、亚洲和澳洲的 四十多个国家销售产品。同时，公司积极拓展国内市场，采取直销模式、经销商模式和贸易商模式相结 合的方式以自有品牌开展销售业务，渠道以境内电商、集采和参与政府、军警等部门招投标为主。公司 表示，公司已在淘宝、天猫、京东等平台开设直营旗舰店，不断丰富产品结构满足消费者需求。在线上 营销推广方面，公司与平台的618、双十一的大促活动深度结合，同时增开了抖音、小红书等新兴渠 道，线上线下（300959）同步开展系列整合营销活动，强化消 ...

Core Insights - Jiangsu Kangliyuan Sports Technology Co., Ltd. (Kangliyuan) reported a complex financial situation in its 2024 annual report, with a significant decrease in net cash flow from operating activities and a notable increase in net profit excluding non-recurring items [1] Financial Performance - Revenue for 2024 reached 686,808,736.18 yuan, a 12.74% increase from 609,207,485.64 yuan in the previous year, driven primarily by the fitness equipment segment, which accounted for 98.63% of total revenue [2] - International revenue was 552,569,444.63 yuan, representing 80.45% of total revenue and a 19.37% increase year-on-year, while domestic revenue decreased by 8.24% to 134,239,291.55 yuan, accounting for 19.55% of total revenue [2] Profitability Analysis - Net profit attributable to shareholders was 81,225,070.95 yuan, a 16.20% decline from 96,922,853.33 yuan in the previous year, primarily due to the recognition of substantial government subsidies in 2023 [3] - Net profit excluding non-recurring items increased by 20.77% to 81,249,252.80 yuan from 67,277,429.65 yuan, indicating improved core business profitability [3] Earnings Per Share - Basic earnings per share decreased by 26.51% to 1.22 yuan from 1.66 yuan, reflecting the decline in net profit, while the basic earnings per share excluding non-recurring items remained stable at 1.22 yuan [4] Expense Analysis - Sales expenses rose by 24.56% to 106,995,782.97 yuan, mainly due to increased e-commerce platform costs, indicating a strategic investment in expanding online sales channels [5] - Management expenses increased by 1.76% to 24,274,759.17 yuan, reflecting stable cost control, while financial expenses decreased by 58.13% to -38,110,343.37 yuan due to increased interest income [5] - R&D expenses grew by 6.21% to 21,000,440.55 yuan, representing 3.06% of total revenue, highlighting the company's commitment to product innovation [5] Cash Flow Situation - Net cash flow from operating activities decreased by 81.82% to 24,731,681.29 yuan, primarily due to increased cash outflows for purchasing goods and services, raising concerns about liquidity [6] - Net cash flow from investing activities was -405,707,632.67 yuan, a significant increase in outflows due to higher investments in financial products [6] - Net cash flow from financing activities decreased by 107.28% to -42,514,148.19 yuan, reflecting reduced inflows following the peak of initial public offering fundraising [6] R&D and Personnel - R&D investment continued to increase, with 21,000,440.55 yuan allocated in 2024, supporting multiple projects such as smart treadmills and fitness bikes, which have received positive market feedback [7] - The number of R&D personnel rose by 9.20% to 95, with a higher proportion of staff holding bachelor's degrees or above, indicating a focus on enhancing the R&D talent pool [8]

江苏康力源体育科技股份有限公司 关于开展外汇套期保值业务的可行性分析报告 一、开展套期保值业务的目的 为有效规避和防范外汇风险，降低汇率大幅波动对公司及子公司经营造成的 不利影响，增强财务稳健性，公司在不影响主营业务发展和资金使用安排的前提 下，拟使用自有资金与银行等金融机构开展外汇套期保值业务。 二、套期保值业务基本情况 1、交易金额及授权：公司拟继续使用不超过 8,000.00 万美元或等值外币与 具有外汇套期保值业务的银行等金融机构开展外汇套期保值业务。主要外币币种 为美元等跟实际业务相关的币种，额度可循环滚动使用，任一时点的交易余额（含 前述交易的收益进行再交易的相关金额）不超过 8,000.00 万美元或其他等值货 币。董事会同意授权管理层审批日常外汇套期保值业务方案，签署相关协议及文 件；公司财务部门为业务经办机构，行使外汇套期保值业务管理职责。 2、交易品种：公司及子公司本次拟开展的外汇衍生品交易业务主要包括远 期结售汇、掉期业务（货币掉期、利率掉期、外汇掉期），互换业务（货币互换、 利率互换），期权业务（外汇期权、利率期权）等，或上述业务的组合。 3、交易期限：自公司 2024 年年度股东大会 ...