独立董事2024年度述职报告 作为浙江丰立智能科技股份有限公司（以下简称"公司"或"丰立智能"） 的独立董事，2024年度我严格按照《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司治理准则》《上市公司独立董事管理办法》等法律法规及《 公司章程》《独立董事工作制度》 等规定，本着客观、公正、独立的原则勤勉 尽责、独立履职，及时了解公司的生产经营及发展情况，促进公司规范运作、健 康发展，维护公司、全体股东特别是中小股东的利益。现将2024年度工作情况报 告如下： 一、公司独立董事基本情况 浙江丰立智能科技股份有限公司 叶志祥：男，1971年9月生，中国国籍，无境外永久居留权。本科学历，中 国注册会计师非执业会员，高级会计师。1994年8月至1999年4月，任杭州凯地丝 绸股份有限公司会计；1999年4月至2009年12月，历任浙江中瑞江南会计师事务 所部门经理、部门高级经理、董事、总经理助理；2009年12月至2014年3月，任 浙江浙大网新众合轨道交通工程有限公司财务总监；2014年3月至2018年8月，历 任浙江众合科技股份有限公司财务副总监、财务总监、副总裁兼财务总监；2018 年7月至2023 ...

Financial Performance - The company's revenue for Q1 2025 was ¥116,571,485.72, representing an increase of 18.20% compared to ¥98,625,884.61 in the same period last year[5]. - Net profit attributable to shareholders decreased by 35.98% to ¥2,938,656.40 from ¥4,590,201.26 year-on-year[5]. - The company reported a basic earnings per share of ¥0.02, down 50.00% from ¥0.04 in the same period last year[5]. - Net profit for the current period was ¥2,938,656.40, a decrease of 36.0% from ¥4,590,201.26 in the previous period[20]. - The total equity attributable to shareholders of the parent company was ¥979,869,606.54, slightly up from ¥976,683,948.45[18]. - Other comprehensive income after tax for the current period was ¥247,001.69, compared to a loss of ¥181,441.95 in the prior period[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥3,737,560.16, a significant decline of 1,582.44% compared to -¥222,150.63 in the previous year[5]. - Cash flow from operating activities generated ¥119,890,332.77, compared to ¥112,351,536.62 in the previous period[22]. - The net increase in cash and cash equivalents was 6,982,244.80, a significant recovery from a decrease of -58,833,055.37 in the prior period[24]. - The ending balance of cash and cash equivalents stood at 110,271,563.77, compared to 227,403,322.34 at the beginning of the period, showing a decrease in liquidity[24]. - The company received tax refunds totaling 9,302,478.57, an increase from 6,473,640.78, contributing positively to cash flow[23]. Assets and Liabilities - Total assets increased by 8.73% to ¥1,429,736,076.43 from ¥1,314,959,663.58 at the end of the previous year[5]. - Current assets increased to CNY 538,886,474.89 from CNY 507,541,133.92, representing a growth of about 6.5%[15]. - The company’s total liabilities increased, with accounts payable rising to CNY 167,671,930.31 from CNY 147,356,075.22, an increase of approximately 13.8%[15]. - The total liabilities increased to ¥449,866,469.89 from ¥338,275,715.13, reflecting a growth of 33.0%[18]. - The company’s non-current assets totaled CNY 890,849,601.54, up from CNY 807,418,529.66, indicating a growth of about 10.3%[15]. Operational Efficiency - The company experienced a significant increase in receivables financing, up 1,809.19% to ¥555,569.85 due to higher bank acceptance bills[9]. - Short-term borrowings rose by 161.34% to ¥159,146,206.06, attributed to increased funding needs due to company expansion[9]. - Total operating costs amounted to ¥114,763,551.28, up 18.7% from ¥96,677,340.21 in the prior period[19]. - Research and development expenses were ¥3,808,114.53, an increase from ¥3,603,558.84 year-over-year[19]. - Payments to employees increased to 24,901,740.79 from 22,048,739.47, reflecting higher labor costs[23]. - Cash outflow for other operating activities rose to 7,017,636.70 from 4,830,510.01, indicating increased operational expenses[23]. Strategic Developments - The company entered a strategic partnership with Beijing Xingdong Jiyuan Technology Co., focusing on humanoid robots and related components, aiming to enhance operational efficiency and market share[12]. - The company did not execute any significant acquisitions or new product launches during this reporting period, focusing instead on stabilizing cash flow[25]. - The company has not reported any changes in the number of preferred shareholders or any significant changes in shareholding structure[12].

Financial Performance - The company's operating revenue for 2024 was ¥504,688,742.11, representing a 17.56% increase compared to ¥429,320,938.05 in 2023[22] - The net profit attributable to shareholders for 2024 decreased by 30.28% to ¥16,795,344.52 from ¥24,090,737.82 in 2023[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,657,328.46, down 23.50% from ¥20,466,648.13 in 2023[22] - The basic earnings per share for 2024 was ¥0.14, a decrease of 30.00% from ¥0.20 in 2023[22] - The total assets at the end of 2024 were ¥1,314,959,663.58, reflecting a 7.46% increase from ¥1,223,642,062.66 at the end of 2023[22] - The net assets attributable to shareholders at the end of 2024 were ¥976,683,948.45, a slight increase of 0.66% from ¥970,308,851.37 at the end of 2023[22] - The cash flow from operating activities for 2024 was ¥43,305,895.58, a decrease of 5.68% compared to ¥45,914,621.09 in 2023[22] - The weighted average return on equity for 2024 was 1.73%, down from 2.50% in 2023[22] Market Outlook - The global electric tool market is projected to reach $28.52 billion in 2024, with a compound annual growth rate (CAGR) of 4.4% expected until 2032[32] - The smart home market in China is expected to grow to 784.8 billion yuan in 2024, reflecting a 10% increase from 2023[33] - The annual production and sales of new energy vehicles in China are expected to exceed 10 million units for the first time in 2024, with a projected total vehicle sales of 31.5 million units[34] Business Strategy and Development - The company plans to distribute a cash dividend of ¥0.67 per 10 shares to all shareholders, based on a total of 120,100,000 shares[5] - The company has outlined potential risks and countermeasures in its future development outlook section, which investors should pay attention to[5] - The company is focusing on the development of precision reducers and power transmission gears for the new energy vehicle sector, which is a key area for future growth[31] - The company is focusing on new fields and customers in 2024, particularly in humanoid robots and automotive sectors[37] - The company aims to expand its product line into sectors like industrial robots, smart homes, and medical devices, leveraging its brand and quality advantages[56] Research and Development - The company has achieved normal mass production of its new energy power division's products, with a focus on equipment investment in 2023 and customer product development in 2024[35] - The company is investing in a new high-precision transmission gear project in Malaysia, which is progressing steadily[35] - The company plans to enhance its R&D capabilities and talent acquisition to strengthen its market position and drive future growth[56] - The company is actively pursuing technology innovation, with a focus on developing new products such as harmonic reducers and advanced gear systems[62] Corporate Governance - The company adheres to the governance structure as per the Company Law and relevant regulations, ensuring compliance and protecting shareholder rights[130] - The company maintains independence in assets, personnel, finance, organization, and business from controlling shareholders and related parties[131] - The company has established a structured governance framework that includes a board of directors, supervisory board, and management team[132] - The company has made commitments to avoid competition with its actual controllers[133] Environmental and Social Responsibility - The company has established a comprehensive set of environmental protection facilities, which are well-maintained and operated effectively in 2023[169] - The company has not faced any administrative penalties due to environmental issues during the reporting period and has implemented measures to ensure compliance with environmental regulations[175] - The company donated a total of 62,000 yuan to cultural activities in surrounding villages and participated in "rural assistance" with a contribution of 30,000 yuan in 2024[189] Risk Management - The company faces risks from international trade disputes, particularly with the U.S., but has strategies to adapt and expand its market presence[122] - The company is exposed to raw material price fluctuations, which significantly impact production costs, and plans to optimize its product structure to mitigate this risk[123] - The company acknowledges the risk of rising labor costs and employee shortages, and is developing a compensation system to attract and retain talent[124] Shareholder Engagement - The company has a clear and complete profit distribution policy, ensuring the protection of minority shareholders' interests[159] - The company has not made any changes to its cash dividend policy during the reporting period, maintaining compliance with its articles of association[161] - The company will ensure timely disclosure of information in compliance with legal and regulatory requirements[104] Internal Controls - The company has established a comprehensive internal control system in accordance with relevant laws and regulations, continuously improving it with business development[164] - The internal control audit report indicates that the company maintained effective financial reporting in all material aspects as of December 31, 2024[167] - The company has implemented measures to prevent insider trading and ensure fair information disclosure among stakeholders[181]

丰立智能（301368）公告，2025年第一季度营业收入1.17亿元，同比增长18.20%。净利润293.87万元， 同比下降35.98%。 ...

Group 1: Market Reactions - Trump criticized Powell, suggesting he should be dismissed, leading to a significant market downturn with major US stock indices dropping over 2%, and the Nasdaq falling nearly 4% [1] - The 10-year US Treasury yield rose for two consecutive days, while the 2-year yield hit a one-week low [2] - The US dollar index fell over 1%, breaking below 98 for the first time in three years, while the offshore RMB rose over 200 points, surpassing 7.29 [3] Group 2: Domestic Developments - The Central Committee and State Council issued opinions to enhance the strategic implementation of free trade zones, supporting the testing and application of intelligent connected vehicles and the establishment of civilian drone testing bases [6] - The State Council approved a plan to accelerate the opening of the service industry, promoting new business models like "processing with incoming materials" [6] - The Shanghai International Financial Center's action plan aims to enhance cross-border financial services, providing insurance support for key export enterprises and improving the CIPS functionality [6] Group 3: Company Announcements - CATL launched its first sodium-ion battery product, "Sodium New," set to be mass-produced in June, with significant safety features and plans for a second-generation battery by 2025 [8][13] - Haiguang Information reported a net profit of 506 million yuan for Q1 2025, a 75.33% increase year-on-year, driven by strong R&D investment in general and AI computing markets [17] - Shenghong Technology's Q1 net profit surged by 339.2% to 920 million yuan [17] Group 4: Industry Insights - TrendForce predicts that the market value of humanoid robots in China will exceed 4.5 billion by 2025 [10] - The agricultural outlook report forecasts China's grain production to reach 710 million tons in 2025, with significant increases in rice, wheat, and corn production [14] - The intelligent connected vehicle market is expected to reach $830 billion globally by 2024, with a projected breakthrough of $1 trillion by 2025 [15]

丰立智能（301368）公告，公司与英搏尔（300681）签署了战略合作协议，旨在共同推动在新能源汽 车、关节模组、工程机械、eVTOL、智能制造等领域的深度合作。协议为意向性框架协议，不涉及实 质性交易，不涉及关联交易，亦不构成重大资产重组。合作将发挥双方产品优势和技术优势，实现优势 互补、互利共赢，预计对公司未来发展带来积极影响，但对本年度收入及利润无重大影响。 ...

证券代码：301368 证券简称：丰立智能 公告编号：2025-002 浙江丰立智能科技股份有限公司 关于签署战略合作协议的公告 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。 特别提醒： 1、本次与合作方签署的战略合作协议属于项目合作框架性协议，在具体 实施过程中尚存在不确定性，敬请广大投资者谨慎决策，注意投资风险； 2、本次签署的战略合作协议对公司本年度经营业绩不会构成重大影响， 对公司未来年度经营业绩的影响将视与合作方后续项目的实施情况确定。 一、协议签署概况 本协议为意向性框架协议，不涉及实质性交易，不涉及关联交易，亦不构 成《上市公司重大资产重组管理办法》规定的重大资产重组，无需提交董事会 、股东大会审议。公司将根据合作的进展情况，依据相关法律法规要求履行相 应的决策审批程序和信息披露义务。 二、协议对方的基本情况 公司名称：珠海英搏尔电气股份有限公司 统一社会信用代码：9144040077096114X2 企业类型：股份有限公司(上市、自然人投资或控股) 注册地址：珠海市高新区唐家湾镇科技六路6号1栋 法定代表人：姜桂宾 浙江丰立智能科技股份有限公 ...

Investment Rating - The investment rating for the company is "Buy" (首次) [1] Core Views - The company is a leading manufacturer in the small modulus gear industry, with a strong focus on micro gearboxes and reducers for humanoid robots, indicating high elasticity in production capacity release [4][6] - The company has established high technical barriers in micro gear technology, gaining recognition from global quality clients such as Bosch Group, which is also its largest customer [5][42] - The company has deep collaborations with clients like Star Dynamics, enhancing its position in the humanoid robot transmission market [6][44] Summary by Sections 1. Small Modulus Gear Industry Leader, High Elasticity in Robot Production Capacity Release - The company specializes in small modulus gears, with a complete product system and leading global technology in gear design, heat treatment, and testing [4][12] - The company has invested nearly 600 million yuan since its listing, with over 140 million yuan in equipment, indicating significant capacity release potential [4][27] 2. High Technical Barriers in Micro Gear Technology, Backed by Quality Clients - Small modulus gears require micron-level precision, making their processing highly challenging, with only a few companies mastering the entire process chain [5][38] - The company has long-term partnerships with top global clients, including Bosch Group, which accounted for 26% of its revenue in 2023 [5][42] 3. New Star in Humanoid Robot Transmission, Deep Collaboration with Clients - The company’s small modulus gears are crucial components in humanoid robots, enabling flexible and precise movements [44][45] - The company has developed both harmonic and planetary reducer technologies, with significant advantages in cost reduction during mass production [6][44] 4. Profit Forecast and Investment Recommendations - The company’s projected net profits for 2024-2026 are 19 million, 43 million, and 94 million yuan, respectively, with corresponding P/E ratios of 441.4, 197.9, and 90.4 times [4][7] - The company’s revenue for the first three quarters of 2024 was 371 million yuan, a year-on-year increase of 17%, while net profit decreased by 46% due to increased costs from new business expansions [27][30]

Group 1 - The company is a leading manufacturer in the small modulus gear industry, focusing on small modulus gears and related components such as precision reducers and micro gearboxes, with a complete product system that is globally leading [2] - The company has invested nearly 600 million yuan since its listing, with over 140 million yuan in equipment investment, indicating significant capacity release potential [2] - The projected net profit for the company from 2024 to 2026 is estimated to be 19 million, 43 million, and 94 million yuan, corresponding to PE ratios of 441.4, 197.9, and 90.4 times [2] Group 2 - The small modulus gear technology has high barriers to entry, with only a few companies mastering the entire process chain, leading to a favorable competitive landscape [3] - The company's micro gear processing capabilities have been recognized by global top clients such as Bosch Group and Siemens, with Bosch being the company's largest customer, accounting for 26% of revenue in 2023 [3] - The company has received the "Global Supplier Award" from Bosch, which enhances its credibility in entering the robotics sector [3] Group 3 - The small modulus gears are widely used in reducers, micro gearboxes, and robotic joints, enabling flexible movement in robots [4] - The company has developed both planetary and harmonic reducer technologies, with a long-term collaboration with top clients in the planetary reducer field [4] - The company has established deep cooperation with clients like Star Motion Era, validating its robotic transmission capabilities in the market [4]

Investment Rating - The investment rating for the company is "Buy" (首次) [1] Core Views - The company is a leading manufacturer in the small modulus gear industry, with a strong focus on precision gearboxes and related components, and has a complete product system that is globally competitive [4][12] - The company has established deep collaborations with high-profile clients such as Bosch and Siemens, which enhances its credibility and market opportunities in the robotics sector [5][42] - The company has significant production capacity and investment in the robotics field, with a projected increase in net profit from 0.19 billion to 0.94 billion from 2024 to 2026, indicating high earnings elasticity [4][27] Summary by Sections 1. Small Modulus Gear Industry Leader - The company specializes in small modulus gears, which are critical components in precision gearboxes and reducers, and has a strong technological foundation [4][12] - The company has invested nearly 6 billion in production capacity since its listing, with over 1.4 billion in equipment investments, indicating a robust expansion strategy [4][27] 2. High Technical Barriers in Micro Gear Technology - Small modulus gears require micron-level precision and are difficult to manufacture, creating high entry barriers for competitors [5][38] - The company has received recognition from top global clients, including Bosch, which accounts for 26% of its revenue, enhancing its market position [5][42] 3. New Star in Humanoid Robot Transmission - The company has developed key components for humanoid robots, including precision gearboxes and reducers, and has established partnerships with clients like Star Dynamics [6][44] - The company’s products are essential for the flexible movement of robotic joints, leveraging its expertise in small modulus gears [44][46] 4. Financial Forecast and Investment Recommendations - The company’s revenue is projected to grow from 4.29 billion in 2022 to 9.29 billion by 2026, with a significant increase in net profit expected [7][28] - The company’s P/E ratio is expected to decrease from 441.4 in 2024 to 90.4 by 2026, indicating a potential undervaluation compared to peers [7][28]