民生证券股份有限公司 关于深圳市曼恩斯特科技股份有限公司 2024 年度持续督导定期现场检查报告 | 保荐机构名称：民生证券股份有限公司 被保荐公司简称：曼恩斯特 | | --- | | 保荐代表人姓名：缪晓辉 联系电话：010-85127999 | | 保荐代表人姓名：马小军 联系电话：010-85127999 | | 现场检查人员姓名：缪晓辉、马小军 | | 年度 现场检查对应期间：2024 | | 现场检查时间：2024 年 12 月 29 日至 2024 年 12 月 31 日 | | 一、现场检查事项 现场检查意见 | | （一）公司治理 | | 现场检查手段：查阅公司章程及公司治理等有关文件、查阅历次公司股东大会、 | | 构、股东持股情况；实地查看公司主要经营、管理场所。 | | 1.公司章程和公司治理制度是否完备、合规 √ | | 2.公司章程和三会规则是否得到有效执行 √ | | 3.三会会议记录是否完整，时间、地点、出席人员及会议内 √ | | 4.三会会议决议是否由出席会议的相关人员签名确认 √ | | 5.公司董监高是否按照有关法律、行政法规、部门规章、规 | | 6.公司董监高如发生 ...

北京市竞天公诚律师事务所 关于深圳市曼恩斯特科技股份有限公司 2024 年第四次临时股东会的法律意见书 致：深圳市曼恩斯特科技股份有限公司 中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮编：100025 34/F, Tower 3, China Central Place, 77 Jianguo Road, Beijing 100025, China T: (86-10) 5809 1000 F: (86-10) 5809 1100 北京市竞天公诚律师事务所（以下简称"本所"）接受深圳市曼恩斯特科技股份有 限公司（以下简称"公司"）的委托，指派本所律师列席公司于 2024 年 12 月 30 日在 深圳市坪山区龙田街道竹坑社区第三工业区 C 区 9 号楼二楼大会议室召开的 2024 年第 四次临时股东会（以下简称"本次股东会"），并根据《中华人民共和国公司法》（以下 简称"《公司法》"）等法律、法规、规章、规范性文件（以下简称"法律法规"）及 《深圳市曼恩斯特科技股份有限公司章程》（以下简称"《公司章程》"）的规定，就本 次股东会的召集和召开程序、出席会议人员资格、召集人资格、会议表决程 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-088 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 深圳市曼恩斯特科技股份有限公司 2024 年第四次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形。 1、股东会的召集人：深圳市曼恩斯特科技股份有限公司（以下简称"公司"） 董事会 2、会议召开的合法、合规性：本次股东会的召开符合有关法律、行政法规、 部门规章、规范性文件和《深圳市曼恩斯特科技股份有限公司章程》（以下简称 "《公司章程》"）的相关规定。 3、会议召开的日期、时间： （1）现场会议时间：2024 年 12 月 30 日 14:30 （2）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：2024 年 12 月 30 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深交所互联网投票系统投票的具体时间为：2024 年 12 月 30 日 9:15-15: ...

Summary of Conference Call Notes Company and Industry Overview - The conference call primarily discusses the developments and strategies of a company involved in electric motor drives, robotics, and battery technologies, particularly focusing on solid-state batteries and automation in manufacturing processes. Key Points and Arguments 1. **Company's Strength in Electric Motor Drives** The company has a strong presence in the electric motor drive sector, having developed a range of products from large kilowatt drives to small wattage drives used in motorcycles, showcasing their versatility in the market [1][2][3]. 2. **Collaboration with Partners** The company has entered into a deep cooperation agreement with a partner, which is expected to enhance their technological capabilities and market reach, particularly in the robotics and electric drive sectors [1][5]. 3. **Focus on Robotics and Automation** The company is actively developing robotic applications, leveraging their expertise in electric motor drives. They are working on linear actuators that can be integrated into robotic systems, indicating a strategic move towards automation [4][6]. 4. **Technological Advancements** The company has made significant advancements in technologies such as hollow motors and high-precision displacement detection, which are crucial for robotics and automation applications. They are also focusing on miniaturization and integration of these technologies [4][5][6]. 5. **Market Trends and Future Outlook** The company anticipates a growing demand for their products in the robotics sector, as the industry is still in its early stages. They expect to see increased collaboration with various partners and a rise in market demand for automation solutions [7][8][9]. 6. **Solid-State Battery Development** The company is investing in solid-state battery technology, which is gaining traction in the market. They have been developing equipment for solid-state battery production and expect significant growth in this area in the coming years [10][11][12]. 7. **Customer Base and Market Share** The company has established a strong customer base, including major players in the battery manufacturing sector. They have a market share of over 30% in the lithium battery equipment market, indicating their competitive position [13][14][15]. 8. **Challenges and Opportunities** The company acknowledges challenges in the current market, particularly in the traditional battery sector, but remains optimistic about future growth driven by new technologies and increased demand for automation [16][17][18]. Other Important but Overlooked Content - The company is also exploring opportunities in the semiconductor and display industries, indicating a diversification of their product offerings beyond traditional electric motor drives and batteries [19][20]. - There is a focus on developing customized solutions for clients, which could enhance customer loyalty and open new revenue streams [21][22]. - The company is preparing for potential future collaborations and product launches, although specific timelines and details remain tentative [23][24]. This summary encapsulates the key discussions and insights from the conference call, highlighting the company's strategic direction, technological advancements, and market positioning.

Investment Rating - The investment rating for the company has been upgraded to "Buy" with a target price of 59.85 RMB [20][22]. Core Insights - The company has signed a strategic cooperation agreement with Yushu Technology, focusing on robotics, which is expected to benefit from the commercialization advancements of Yushu Technology, a leading domestic robotics company [1]. - The company anticipates a recovery in the operating rates of lithium battery manufacturers in the second half of 2024, alongside accelerated industrialization of solid-state batteries and perovskite technology, which will contribute positively to its performance [1][3]. - The revenue forecast for the company has been adjusted upwards for 2025-2026 due to expected order growth from its cooperation with Yushu Technology and improvements in various business segments [3][8]. Summary by Sections Traditional Lithium Battery Sector - The company faced pressure on performance due to low operating rates and reduced capital expenditure willingness in the first half of 2024, but expects a turning point in performance by the second half of 2025 [2][3]. Solid-State Battery and Perovskite - The company has made significant progress in solid-state battery equipment, with orders secured from leading domestic enterprises, and has achieved the first domestic shipment of perovskite slit coating equipment [2][3]. Display Panels - The company has seen breakthroughs in orders for small-sized coating machines, with potential for domestic substitution [2]. Financial Projections - The projected net profit for the company from 2024 to 2026 is estimated at 112.93 million RMB, 246.17 million RMB, and 336.98 million RMB respectively, with corresponding EPS of 0.78 RMB, 1.71 RMB, and 2.34 RMB [3][4]. - The company’s revenue is expected to grow significantly, with a forecast of 1,801 million RMB in 2024, 2,101 million RMB in 2025, and 2,464 million RMB in 2026 [4]. Valuation Metrics - The company is assigned a PE ratio of 35 times for 2025, reflecting its potential to benefit from downstream industrialization [3][4].

Summary of Conference Call Records Company and Industry Involved - The discussion primarily revolves around the robotics and automation industry, with specific references to companies involved in robotic components and solid-state battery technology. Key Points and Arguments Robotics and Automation 1. The company has made significant advancements in robotics, particularly in the development of robotic hands and fingers, which are currently around 3mm in size, indicating a focus on precision and miniaturization [1][2][3] 2. There is a recognition of the uncertainty in product development and deployment, particularly regarding the integration of new technologies and the differences in core technologies among competitors [1][2] 3. The company is positioned to leverage its expertise in electric motor drive technology and control systems, which are critical for the advancement of robotics [5][6] Solid-State Battery Technology 1. The company is actively involved in the solid-state battery sector, with ongoing developments and orders indicating a positive outlook for this technology [6][7] 2. There is a focus on the potential for solid-state batteries to drive a technological revolution in the industry, particularly in response to demand from electric vehicle manufacturers [7][8] 3. The company has a core team of over 30 individuals with backgrounds in electric vehicles and automation, enhancing its capabilities in this field [5][6] Market Trends and Opportunities 1. The overall market for solid-state batteries and robotics is expected to grow, with significant orders and advancements in technology being reported [7][8][9] 2. The company is exploring new applications and partnerships, particularly in the automation of processes and the development of new products that meet market demands [9][10] 3. There is an emphasis on the importance of maintaining competitive pricing and product quality to capture market share, especially in the face of increasing competition [11][12] Challenges and Risks 1. The company acknowledges potential risks associated with product development timelines and market acceptance, particularly in the context of evolving technologies [1][2][3] 2. There is a need for continuous innovation and adaptation to meet the changing demands of the market, particularly in the robotics and battery sectors [9][10] 3. The company is aware of the challenges posed by existing competitors and the necessity to differentiate its products through technological advancements [11][12] Financial Outlook 1. The company has reported significant orders, with projections indicating a positive trend in revenue growth, particularly in the solid-state battery segment [13][14] 2. There is an expectation of increased capital expenditures as the company expands its product offerings and enhances its technological capabilities [9][10] 3. The company is focused on maintaining a healthy profit margin while pursuing growth opportunities in both robotics and battery technologies [14] Other Important but Possibly Overlooked Content - The company is actively engaging with clients to refine its product offerings based on direct feedback, which is crucial for aligning with market needs [9][10] - There is a strategic focus on building partnerships and collaborations to enhance technological capabilities and market reach [11][12] - The company is preparing for a transformative year in 2024, with expectations of significant advancements and market penetration in both robotics and solid-state battery technologies [13][14]

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-087 深圳市曼恩斯特科技股份有限公司 关于签署股票回购专项借款合同的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、本次股票回购专项贷款额度不代表公司对回购金额的承诺，具体回购股 份的数量以回购期满时实际回购的股份数量为准。 2、本次交易不构成关联交易，亦不构成重大资产重组，不会对公司当年的 经营业绩产生重大影响。 基于对深圳市曼恩斯特科技股份有限公司（以下简称"公司"）未来发展前 景的信心和对公司价值的高度认可，为增强投资者的信心，维护广大投资者的利 益，根据中国人民银行、国家金融监督管理总局、中国证券监督管理委员会《关 于设立股票回购增持再贷款有关事宜的通知》，公司与中国银行股份有限公司深 圳市分行（以下简称"中国银行深圳分行"）于近日签署《借款合同》，中国银 行深圳分行将为公司提供 18,000 万元人民币的贷款资金专项用于公司回购股份。 一、公司股份回购的基本情况 公司于 2024 年 10 月 28 日召开第二届董事会第六次会议，审议通过了《关 于回购公司 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-086 深圳市曼恩斯特科技股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）收到中国银行股份 有限公司深圳分行出具的《贷款承诺函》，中国银行股份有限公司深圳分行承诺 为公司提供不超过人民币 18,000 万元的贷款资金专项用于股票回购。 一、公司股份回购的基本情况 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股份 回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相 关规定，公司于 2024 年 10 月 28 日召开第二届董事会第六次会议，审议通过了 《关于回购公司股份方案的议案》，同意公司使用自筹资金及公司自有资金以集 中竞价交易方式回购公司人民币普通股（A 股），回购股份的资金总额上限为人 民币 20,000 万元（含本数），回购下限为人民币 10,000 万元（含本数）。本次 回购股份将用于员工持股计划或股权激励。具体内容详见公司于 2024 年 10 月 29 日在巨潮资 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-080 一、监事会召开情况 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）第二届监事会第六 次会议于 2024 年 12 月 12 日（星期四）以现场会议的方式在公司会议室召开， 会议通知于 2024 年 12 月 9 日（星期一）以电子邮件的方式送达全体监事。本次 会议应参会监事 3 人，实际参会监事 3 人，现场出席会议的监事 3 人。本次会议 由公司监事会主席王忠诚先生召集并主持。本次会议的召集、召开和表决程序符 合《中华人民共和国公司法》等有关法律、行政法规、部门规章、规范性文件和 《深圳市曼恩斯特科技股份有限公司章程》的有关规定，会议合法、有效。 二、监事会会议审议情况 1、审议《关于对外担保额度预计的议案》 为落实公司发展战略，满足公司全资子公司及控股子公司日常经营及业务发 展的需要，公司拟向全资子公司淮安曼恩斯特科技有限公司、全资子公司深圳市 曼恩光电科技有限公司、控股子公司湖南安诚新能源有限公司及其全资子公司深 圳安诚新能源有限公司、控股子公司苏州曼恩斯特氢能源科技有限公司以及公司 合并报表范围内的其他子公司提供担保，担保总额 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-079 深圳市曼恩斯特科技股份有限公司 第二届董事会第八次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会召开情况 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）第二届董事会第八 次会议于 2024 年 12 月 12 日（星期四）以现场会议与通讯会议相结合的方式在 公司会议室召开，会议通知于 2024 年 12 月 9 日（星期一）以电子邮件的方式送 达全体董事。本次会议应参会董事 9 人，实际参会董事 9 人，现场出席会议的董 事 6 人，以通讯方式出席会议的董事 3 人，分别是董事朱驰先生、独立董事韩文 君女士、独立董事杨浩军先生。本次会议由公司董事长唐雪姣女士召集并主持， 公司全体监事、高级管理人员列席了本次会议。本次会议的召集、召开和表决程 序符合《中华人民共和国公司法》（以下简称"《公司法》"）等有关法律、行 政法规、部门规章、规范性文件和《深圳市曼恩斯特科技股份有限公司章程》（以 下简称"《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 ...