一、董事会会议召开情况 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激 励管理办法》《深圳证券交易所创业板股票上市规则》等法律法规和规范性文件以 及《重庆溯联塑胶股份有限公司章程》（以下简称"《公司章程》"）等相关规定， 重庆溯联塑胶股份有限公司（以下简称"公司"）于 2025 年 5 月 28 日召开了第三 届董事会第十五次会议，本次会议以现场结合通讯方式召开，会议通知于 2025 年 5 月 22 日以电话、邮件或直接送达方式送达全体董事。本次会议应出席董事 9 人，实 际出席董事 9 人（其中：以通讯表决方式出席会议的董事 4 人，分别为韩啸（小） 先生、徐梓净先生、李聪波先生、王洪先生），会议由董事长韩宗俊先生主持，监 事、高级管理人员列席。本次会议的出席人数、召开程序、议事内容均符合有关法 律、法规、规章和《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 经与会董事认真审议，充分讨论，审慎表决，会议通过以下议案： （一）审议通过《关于向 2025 年限制性股票激励计划激励对象首次授予限制 性股票的议案》 证券代码：301397 证券简称：溯联股份 公告编号：2025- ...

（2）最近12个月内被中国证监会及其派出机构认定为不适当人选； （1）最近12个月内被证券交易所认定为不适当人选； 重庆溯联塑胶股份有限公司监事会 关于 2025 年限制性股票激励计划首次授予激励对象名单 （截至授予日）的核查意见 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》"）、《上市公司股权激励管理办法》（以下简称"《管理 办法》"）等有关法律、法规及规范性文件和《重庆溯联塑胶股份有限公司章程》 （以下简称"《公司章程》"）的规定，重庆溯联塑胶股份有限公司（以下简称"公 司"）监事会对 2025 年限制性股票激励计划（以下简称"本激励计划"）首次授予 的激励对象名单进行了核查，发表意见如下： 1、首次获授限制性股票的30名激励对象均符合公司2024年年度股东会审议通 过的《2025年限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》" ）及其摘要中确定的激励对象范围，不存在《管理办法》第八条规定及《深圳证券 交易所创业板股票上市规则》（以下简称"《上市规则》"）8.4.2条规定的不得成 为激励对象的如下情形： （3）最近12个月内因重大 ...

证券代码：301397 证券简称：溯联股份 公告编号：2025-025 重庆溯联塑胶股份有限公司 关于 2025 年限制性股票激励计划相关主体 买卖公司股票情况的自查报告 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。 重庆溯联塑胶股份有限公司（以下简称"公司"）于2025年4月23日召开第三届 董事会第十四次会议和第三届监事会第十二次会议，审议通过《关于公司〈2025年 限制性股票激励计划（草案）〉及其摘要的议案》及相关议案，具体内容详见公司 于2025年4月25日在巨潮资讯网（www.cninfo.com.cn，下同）披露的相关公告。 2、本激励计划的内幕信息知情人均填报了《内幕信息知情人登记表》。 3、公司向中国证券登记结算有限责任公司深圳分公司（以下简称"中登深圳分 公司"）就本激励计划核查对象在自查期间买卖公司股票的情况进行了查询确认， 并由中登深圳分公司出具了《信息披露义务人持股及股份变更查询证明》和《股东 股份变更明细清单》。 二、核查对象在自查期间买卖公司股票的情况 根据中登深圳分公司出具的《信息披露义务人持股及股份变更查询证明》和 《股东股份 ...

上海锦天城（重庆）律师事务所 关于重庆溯联塑胶股份有限公司 2024 年年度股东会的 法律意见书 地址：重庆市江北区江北嘴庆云路 1 号国金中心 T1 办公楼 22 楼 电话：023-88951999 传真：023-88951988 邮编：400020 锦天城律师事务所 法律意见书 上海锦天城（重庆）律师事务所 关于重庆溯联塑胶股份有限公司 2024 年年度股东会的法律意见书 致：重庆溯联塑胶股份有限公司 上海锦天城（重庆）律师事务所（以下简称"本所"）接受重庆溯联塑胶股份 有限公司（以下简称"公司"或"溯联股份"）委托，指派律师王丹、邓童潇出席公 司于 2025 年 5 月 22 日在重庆市江北区海尔路 899 号公司办公楼 1101 会议室召 开的 2024 年年度股东会（以下简称"本次股东会"），并就公司本次股东会的召 集和召开程序、召集人资格、出席会议人员资格、本次股东会的表决程序、表决 结果等相关问题出具本法律意见书。 本法律意见书根据已发生或存在的事实，根据《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》等法律、法规、规范性文件以 及《深圳证券交易所上市公司自律监管指引 ...

证券代码：301397 证券简称：溯联股份 公告编号：2025-024 重庆溯联塑胶股份有限公司 2024 年年度股东会决议公告 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、本次股东会不存在否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、召开时间： 现场会议时间：2025年5月22日（星期四）14:30 网络投票时间：2025年5月22日（星期四） 其中，通过深圳证券交易所交易系统进行网络投票的时间为2025年5月22日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网系统投票的时间为 2025年5月22日9:15至15:00期间的任意时间。 2、召开地点：重庆市江北区海尔路899号公司办公楼1101会议室 3、召开方式：本次股东会采用现场投票与网络投票表决相结合的方式召开 4、召集人：重庆溯联塑胶股份有限公司（以下简称"公司"）董事会 5、主持人：董事长韩宗俊先生 6、本次会议的召集、召开程序符合《中华人民共和国公司法》《上市公司股东 会规则》《深圳证券交 ...

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for investment opportunities [2]. Core Insights - The automotive industry is experiencing a recovery in profitability, driven by the "old-for-new" policy, which has stimulated steady growth in passenger car sales in China [4][20]. - In 2024, the wholesale sales of passenger cars in China reached 27.41 million units, a year-on-year increase of 6.15%, while the sales of new energy passenger cars grew by 31.99% to 12.23 million units [4][22]. - The penetration rate of new energy vehicles increased to 44.6% in 2024, up 10.2 percentage points from 2023, indicating a strong trend towards electrification [22]. - The report highlights a significant divergence in performance within the passenger car sector, with leading companies like BYD showing robust growth, while others like SAIC and GAC faced declines [31][39]. Summary by Sections 1. Automotive Industry Performance in 2024 - The automotive industry in China is benefiting from government policies that encourage consumers to replace old vehicles with new ones, leading to increased sales [20]. - The total wholesale sales of passenger cars in 2024 were 27.41 million units, with a growth rate of 6.15% year-on-year [4][20]. 2. Passenger Car Sector: Performance Disparity - The passenger car sector achieved revenues of CNY 2,063.48 billion in 2024, a 9.79% increase, while net profit reached CNY 59.83 billion, up 1.37% [5][31]. - The first quarter of 2025 saw revenues of CNY 434.86 billion, a 7.39% increase, and net profit of CNY 14.09 billion, a 16.35% increase [5][31]. 3. Automotive Parts Sector: Revenue and Profit Growth - The automotive parts sector reported revenues of CNY 966.12 billion in 2024, a 6.14% increase, and net profit of CNY 47.41 billion, a 10.29% increase [6][53]. - In the first quarter of 2025, revenues reached CNY 234.43 billion, a 7.40% increase, with net profit at CNY 14.32 billion, a 13.56% increase [6][53]. 4. Investment Strategy - The automotive indices have shown significant growth, with the passenger car index rising by 7.29% and the automotive parts index by 14.82% year-to-date [7][75]. - The report emphasizes the importance of focusing on intelligent vehicle development, with companies like Huawei leading in technology integration [79]. 5. Key Companies and Recommendations - The report recommends several companies based on their performance and market position, including Zhongyuan Neipei, Xinz坐标, Kehua Holdings, and others, all rated as "Buy" [10].

重庆溯联塑胶股份有限公司 监事会关于 2025 年限制性股票激励计划首次授予激励对象名单 的公示情况说明及核查意见 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。 重庆溯联塑胶股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第 三届董事会第十四次会议和第三届监事会第十二次会议，审议通过《关于公司〈2025 年限制性股票激励计划（草案）〉及其摘要的议案》及相关议案，具体内容详见公 司于 2025 年 4 月 25 日在巨潮资讯网（www.cninfo.com.cn，下同）披露的相关公告。 证券代码：301397 证券简称：溯联股份 公告编号：2025-023 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深圳 证券交易所创业板股票上市规则》《深圳证券交易所创业板上市公司自律监管指南 第 1 号——业务办理》等法律法规、规范性文件和《公司章程》的有关规定，公司 对 2025 年限制性股票激励计划（以下简称"本激励计划"）拟首次授予激励对象的 姓名和职务在公司内部进行了公示，公司监事会结合公示情况对拟首次授予激励对 象名单进行 ...

证券代码：301397 证券简称：溯联股份 公告编号：2025-023 重庆溯联塑胶股份有限公司 监事会关于 2025 年限制性股票激励计划首次授予激励对象名单 的公示情况说明及核查意见 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。 重庆溯联塑胶股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第 三届董事会第十四次会议和第三届监事会第十二次会议，审议通过《关于公司〈2025 年限制性股票激励计划（草案）〉及其摘要的议案》及相关议案，具体内容详见公 司于 2025 年 4 月 25 日在巨潮资讯网（www.cninfo.com.cn，下同）披露的相关公告。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深圳 证券交易所创业板股票上市规则》《深圳证券交易所创业板上市公司自律监管指南 第 1 号——业务办理》等法律法规、规范性文件和《公司章程》的有关规定，公司 对 2025 年限制性股票激励计划（以下简称"本激励计划"）拟首次授予激励对象的 姓名和职务在公司内部进行了公示，公司监事会结合公示情况对拟首次授予激励对 象名单进行 ...

Financial Performance - In 2024, the company achieved an operating income of 124,182.22 million yuan, a year-on-year increase of 22.89%. However, net profit decreased by 18.72% to 12,252.67 million yuan, and non-recurring net profit fell by 17.62% [2] - In Q1 2025, the company reported an operating income of 33,946.01 million yuan, a year-on-year growth of 47.22%. Net profit reached 3,351.22 million yuan, up 3.08%, while non-recurring net profit increased by 5.69% to 3,268.69 million yuan [2] Challenges and Strategies - The primary reason for the increase in revenue without a corresponding increase in profit is the decline in gross margin due to reduced demand from major clients [2][3] - To improve profitability, the company plans to restructure its organization, implement flat management, and enhance resource allocation to regional subsidiaries for new product development and market expansion [2][3] R&D and Talent Development - The company is focusing on enhancing its R&D capabilities and talent acquisition to maintain competitiveness, including optimizing product structures and improving quality control [3][4] - A dedicated technical team has been established to engage in strategic projects and core product development, reducing the risk of project failures [4] Market Expansion - In 2024, the company successfully expanded its client base by adding notable EVTOL and civil aircraft manufacturers, and initiated business in the aviation sector [5] - The company has also made progress in energy storage and battery integration businesses, collaborating with major clients [5][6] Technological Advancements - The company has accumulated significant core technologies in liquid cooling management products, with several patents filed [6] - A new subsidiary, Sulian Zhikong, was established to independently develop energy storage and thermal management products, aiming to create a second growth curve [6] Future Goals and Growth Drivers - The main operational goals for 2025 include maintaining and expanding existing markets while continuously developing new products and markets [7] - Future profit growth will be driven by market expansion, cost reduction, and increased R&D investment [7][8] Stock Performance and Market Perception - The fluctuation in stock price is influenced by macroeconomic policies, industry regulations, and investor sentiment. The company aims to enhance its market image and brand value through improved management and communication with investors [8]

Investment Rating - The report maintains a "Buy" rating for several key companies in the semiconductor and AI sectors, including 中芯国际 (SMIC), 海光信息 (Haiguang), and others, indicating strong growth potential in the domestic AI and computing landscape [5][6]. Core Insights - The domestic AI landscape is witnessing significant advancements with the emergence of models like 豆包 (Doubao) and DeepSeek, which are leading the charge in multi-modal and lightweight AI model development, respectively [1][2]. - The report highlights a shift towards domestic computing power solutions, with chip manufacturers rapidly adapting to the evolving AI ecosystem, particularly through advancements in semiconductor processes and AI training capabilities [2][3]. - There is a notable increase in capital expenditure among cloud computing firms, driven by the rising demand for AI computing infrastructure, which is expected to lead to a "volume and price rise" scenario in the cloud computing market [3][4]. Summary by Sections Section 1: Breakthroughs in Domestic AI Models - 豆包 has emerged as a leading multi-modal model, enhancing capabilities in speech, image, and code processing, with a significant release of its visual understanding model in December 2024 [1][11]. - DeepSeek focuses on lightweight model upgrades, achieving a remarkable cost-performance ratio with its DeepSeek-V3 model, which has 671 billion total parameters and costs only 557.6 million USD, positioning it among the world's top models [1][12]. - The rapid iteration of domestic models, including updates from 通义千问 and others, reflects a competitive landscape that is accelerating the development of AI applications [1][34]. Section 2: Advancements in Domestic Computing Power - 中芯国际 is advancing its semiconductor processes, with N+1 and N+2 technologies being developed to support the growing demand for AI chips, achieving significant performance improvements [2][56]. - The report notes that the domestic chip industry is evolving, with companies like 昇腾 (Ascend) and others making strides in AI training and inference capabilities, thereby reducing reliance on international competitors [2][59]. - The cloud computing sector is experiencing a capital expenditure boom, with companies like 华勤 and 浪潮 rapidly deploying servers that are compatible with domestic computing power solutions [3][4]. Section 3: Infrastructure and Supply Chain Developments - The report emphasizes the need for enhanced computing infrastructure to meet the surging demand for AI applications, with significant investments being made in server and power supply innovations [3][4]. - Innovations in power supply and cooling systems, particularly the shift from traditional air cooling to liquid cooling, are becoming essential to support the increasing power density in data centers [4]. - The report identifies key players in the supply chain, including companies in power supply, cooling, and server manufacturing, that are poised to benefit from the growth of the AI and computing sectors [5].