三态股份最新一期业绩显示，截至2025一季报，公司营业总收入4.03亿元、同比增长3.48%，归属净利 润1400.44万元，同比减少53.47%，扣非净利润1032.83万元，同比减少58.34%，流动比率12.338、速动 比率11.301、资产负债率10.87%。 天眼查商业履历信息显示，深圳市三态电子商务股份有限公司，成立于2008年，位于深圳市，是一家以 从事科技推广和应用服务业为主的企业。企业注册资本78885.1223万人民币，实缴资本78885.1223万人 民币。公司法定代表人为ZHONGBIN SUN。 金融界消息 截至2025年7月30日收盘，三态股份（301558）报收于9.23元，下跌0.75%，换手率7.31%， 成交量16.03万手，成交金额1.49亿元。 资金流向方面，今日主力资金净流出2310.68万元，占比成交额15.54%。其中，超大单净流出921.20万 元、占成交额6.2%，大单净流出1389.48万元、占成交额9.35%，中单净流出流入626.26万元、占成交额 4.21%，小单净流入1684.43万元、占成交额11.33%。 通过天眼查大数据分析，深圳市三态电子商 ...

Market Overview - The internet e-commerce sector experienced a decline of 0.78% on July 30, with Lionhead Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3615.72, up 0.17%, while the Shenzhen Component Index closed at 11203.03, down 0.77% [1] Individual Stock Performance - Notable gainers included Ruoyuchen with a closing price of 49.45, up 2.13%, and Huakai Yibai at 11.49, up 0.97% [1] - Lionhead Co., Ltd. saw a significant decline of 5.43%, closing at 13.05, with a trading volume of 192,000 shares and a transaction value of 255 million [2] - Other stocks like Kuaijingtong and Saiwei Times also faced declines of 3.20% and 2.91% respectively [2] Capital Flow Analysis - The internet e-commerce sector experienced a net outflow of 222 million from main funds, while retail investors saw a net inflow of 223 million [2] - The capital flow for individual stocks showed that Ruoyuchen had a net inflow of approximately 35.48 million from main funds, while Ji Hong Co. faced a net outflow of 35.25 million [3] - The overall trend indicates a shift in investor sentiment, with retail investors showing more interest compared to institutional investors [2][3]

Core Viewpoint - The stock incentive plan proposed by SanTai Co., Ltd. aims for high net profit growth targets from a low base in 2024, raising questions about the effectiveness of the incentive given the significant drop in net profit expected for that year [2][5][12]. Group 1: Stock Incentive Plan - SanTai plans to grant 8.4393 million shares at a price of 4.67 yuan per share, which is approximately half of the current market price of 9.30 yuan per share [3][4]. - The incentive plan includes a total of 843.93 million shares, representing 1.07% of the total share capital, with 99.4716 million shares reserved for future grants [3][4]. - The performance targets for the incentive plan are set at net profit growth rates of no less than 110%, 150%, and 200% for the years 2025, 2026, and 2027, respectively, based on the low net profit of 14.36 million yuan expected in 2024 [5][6]. Group 2: Financial Performance - SanTai's net profit is projected to decline by 88.38% to 14.36 million yuan in 2024, following net profits of 141 million yuan in 2022 and 124 million yuan in 2023 [12]. - The company achieved a net profit of 14.0044 million yuan in the first quarter of 2024, indicating that it only needs to generate an additional 15 million yuan in the remaining quarters to meet the annual target [6][12]. - Revenue for SanTai has remained relatively stable, with figures of 1.588 billion yuan, 1.701 billion yuan, and 1.751 billion yuan from 2022 to 2024, despite the drastic drop in net profit [12]. Group 3: Project Adjustments and Challenges - SanTai has faced challenges with its fundraising projects, including the termination and modification of certain projects, such as the "Intelligent Upgrade of Warehousing" project [8][9]. - The company cited reasons for project adjustments, including changes in market demand and operational strategies, which have led to slow progress in project implementation [10][12]. - The overall investment progress for key projects is lagging, with only 26.79% completion for the cross-border e-commerce system upgrade and 0.49% for the new compliance detection software project [10][11].

Core Viewpoint - The company, Shenzhen SanTai E-commerce Co., Ltd., is focusing on cross-border e-commerce and has developed an AI-based intellectual property risk detection tool, which is expected to enhance its operational efficiency and reduce costs [2][3]. Company Overview - Shenzhen SanTai E-commerce Co., Ltd. was established on January 7, 2008, and went public on September 28, 2023. The company specializes in cross-border e-commerce retail and logistics [7]. - The company's main revenue sources include hobbies (28.88%), international dedicated lines (24.71%), home living (23.64%), tool accessories (10.62%), fashion (8.66%), digital technology (2.99%), international postal services (0.33%), commercial express (0.16%), and other income (0.02%) [7]. Business Developments - The company launched its AI-driven intellectual property risk detection tool "RuiGuan·ERiC" for trial use on September 28, 2023, aimed at providing flexible, low-cost, and accurate risk monitoring solutions for enterprises [2]. - The company is also involved in an AIGC project that utilizes Stable Diffusion to generate high-quality images, enhancing brand IP and operational efficiency [2][3]. Financial Performance - For the first quarter of 2025, the company reported a revenue of 403 million yuan, representing a year-on-year growth of 3.48%, while the net profit attributable to shareholders decreased by 53.47% to 14.0044 million yuan [8]. - The company's overseas revenue accounted for 99.98% of its total revenue, benefiting from the depreciation of the Chinese yuan [3]. Market Activity - As of July 29, 2023, the company's stock price decreased by 0.43%, with a trading volume of 1.25 billion yuan and a market capitalization of 7.336 billion yuan [1]. - The company has experienced a net outflow of 12.8231 million yuan from major investors, indicating a reduction in holdings over the past two days [4][5].

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on August 19, 2025, at 15:00 [1] - The meeting will be conducted in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1][2] Voting Procedures - Shareholders can vote either in person or via an online voting platform provided by the Shenzhen Stock Exchange [2][5] - Only one voting method can be chosen by shareholders, and duplicate votes will be disregarded, with the first vote counted as valid [2][6] Eligibility to Attend - All shareholders holding voting shares as of the registration date (August 12, 2025) are eligible to attend the meeting [2][4] - Shareholders can appoint proxies to attend the meeting, and the proxy does not need to be a shareholder of the company [2][4] Agenda Items - The meeting will discuss several proposals, including the authorization of the board to handle matters related to the company's stock incentive plan [3][4] - The proposals require a special resolution, needing approval from over two-thirds of the voting rights present at the meeting [3] Registration and Documentation - Shareholders must present valid identification and proof of shareholding to register for the meeting [4][5] - Registration can also be done via mail, email, or fax for shareholders unable to attend in person [4][9] Contact Information - The meeting will take place at the company's office located at 10th Floor, Yuan Zheng Chuang Ye Building, Longshan Road, Nanshan District, Shenzhen [5] - Contact details for inquiries include a phone number and email address for the company [5]

Core Viewpoint - Shenzhen SanTai E-commerce Co., Ltd. has approved the 2025 Restricted Stock Incentive Plan to enhance long-term incentive mechanisms, attract and retain talent, and align the interests of shareholders, the company, and core team members [1][2]. Group 1: Board Meeting Details - The sixth session of the board's fourth meeting was held on July 28, 2025, with 7 directors present, chaired by Chairman Zhongbin Sun [1]. - The meeting followed legal and regulatory procedures as per the Company Law and the Articles of Association [1]. Group 2: Approval of Incentive Plan - The board approved the draft of the 2025 Restricted Stock Incentive Plan with 6 votes in favor, 0 against, and 0 abstentions [1]. - The plan aims to motivate core technical and business personnel and ensure alignment of interests among stakeholders [1]. Group 3: Management Measures - The board also approved the "Implementation Assessment Management Measures" for the 2025 Restricted Stock Incentive Plan with the same voting results [2]. - This measure is designed to ensure the smooth execution of the incentive plan and the achievement of the company's strategic and operational goals [2]. Group 4: Authorization for Implementation - The board proposed to authorize itself to handle various matters related to the 2025 Restricted Stock Incentive Plan, including determining the grant date and adjusting stock quantities and prices in case of capital changes [3][4]. - The board will also manage the granting of restricted stocks and confirm the eligibility of recipients [4]. Group 5: Upcoming Shareholder Meeting - The board approved the convening of the first extraordinary general meeting of shareholders in 2025, scheduled for August 19, 2025 [5].

Core Viewpoint - The company is set to implement a restricted stock incentive plan for 2025, which requires approval from the shareholders' meeting and adheres to relevant laws and regulations [1][2][3] Group 1: Eligibility and Compliance - The company has confirmed its eligibility to implement the stock incentive plan, meeting the conditions outlined in the relevant laws and regulations [2] - The incentive plan excludes independent directors, supervisors, and shareholders or actual controllers holding more than 5% of the company's shares [2] - The plan's arrangements for granting and vesting of restricted stocks comply with legal requirements and do not infringe on the interests of the company and its shareholders [3] Group 2: Review and Approval Process - The remuneration and assessment committee will publicly disclose the names and positions of the initial recipients of the incentive plan at least 10 days before the shareholders' meeting [2] - The committee will provide a review opinion on the initial recipients' list and public comments five days prior to the shareholders' meeting [2] - The implementation of the incentive plan is contingent upon approval from the shareholders' meeting [3]

2025 年限制性股票激励计划首次授予激励对象名单 深圳市三态电子商务股份有限公司 一、限制性股票激励计划分配情况表 注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票累计数均未超过 公司总股本的 1%。公司全部有效期内的激励计划所涉及的标的股票总数累计不超过公司股本总额的 20%。 2、本激励计划的激励对象不包括独立董事、监事。 3、预留部分的激励对象由本激励计划经股东大会审议通过后 12 个月内确定，经董事会提出、薪 酬委员会、监事会发表明确意见、律师发表专业意见并出具法律意见书后，公司在指定网站按要求及时披 露激励对象相关信息。 4、上表中部分合计数与各明细数直接相加之和在尾数上如有差异，是由于四舍五入所造成。 二、核心技术（业务）人员以及公司董事会认为应当激励的其他员工名单 | 序 号 | 姓名 | 职位 | | --- | --- | --- | | 1 | 江*莹 | 核心技术（业务）人员以及公司董事会认为应当激励的其他员 | | | | 工 | | 2 | 吴*颜 | 核心技术（业务）人员以及公司董事会认为应当激励的其他员 | | | | 工 | | 3 | 王*涛 | ...

| | 实施股权激励应当计提费用及对上市公司经营业绩的影响 | | | --- | --- | --- | | | （11）股权激励计划的变更、终止 | 是 | | | （12）公司发生控制权变更、合并、分立、激励对象发生 | 是 | | | 职务变更、离职、死亡等事项时如何实施股权激励计划 | | | | （13）公司与激励对象各自的权利义务，相关纠纷或者争 | 是 | | | 端解决机制 | | | | （14）上市公司有关股权激励计划相关信息披露文件不存 | | | | 在虚假记载、误导性陈述或者重大遗漏的承诺；激励对象 | | | | 有关披露文件存在虚假记载、误导性陈述或者重大遗漏导 | | | | 致不符合授予权益或者行使权益情况下全部利益返还公司 | 是 | | | 的承诺。上市公司权益回购注销和收益收回程序的触发标 | | | | 准和时点、回购价格和收益的计算原则、操作程序、完成 | | | | 期限等。 | | | | 绩效考核指标是否符合相关要求 | | | 22 | 是否包括公司业绩指标和激励对象个人绩效指标 | 是 | | 23 | 指标是否客观公开、清晰透明，符合公司的实际情况，是 ...

二〇二五年七月 深圳市三态电子商务股份有限公司 2025 年限制性股票激励计划（草案）摘要 证券简称：三态股份 证券代码：301558 深圳市三态电子商务股份有限公司 2025 年限制性股票激励计划 （草案）摘要 深圳市三态电子商务股份有限公司 声 明 本公司及董事会全体成员保证本公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈述 或者重大遗漏，导致不符合授予权益或权益归属安排的，激励对象应当自相关信 息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激励计划 所获得的全部利益返还公司。 2 深圳市三态电子商务股份有限公司 2025 年限制性股票激励计划（草案）摘要 特别提示 一、本激励计划系依据《中华人民共和国公司法》《中华人民共和国证券法》 《深圳证券交易所创业板股票上市规则》《上市公司股权激励管理办法》《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》和其他有关法律、 法规、规范性文件，以及《深圳市三态电子商务股份有限公司章程》制订。 二、本激励计划采取的 ...