民生证券股份有限公司 关于西安诺瓦星云科技股份有限公司 （此页无正文，为《民生证券股份有限公司关于西安诺瓦星云科技股份有限公 司 2024 年定期现场检查报告》之签章页） 保荐代表人： 汪 兵 佟 牧 年定期现场检查报告 | 保荐机构名称：民生证券股份有限公司 | 被保荐公司简称：诺瓦星云 | | | | | --- | --- | --- | --- | --- | | 保荐代表人姓名：汪兵 | 联系电话：010-85127999 | | | | | 保荐代表人姓名：佟牧 | 联系电话：010-85127999 | | | | | 现场检查人员姓名：汪兵、佟牧 | | | | | | 现场检查对应期间：2024年度 | | | | | | 现场检查时间：2025年4月10日 | | | | | | 一、现场检查事项 | 现场检查意见 | | | | | （一）公司治理 | 是 | 否 | 不适用 | 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、董 | | 事会、监事会的会议文件和公告文件；实地查看公司主要管理场所 | 1.公司章程和公司治理制度是否完备、合规 | √ | | | | ...

民生证券股份有限公司 关于西安诺瓦星云科技股份有限公司 2024 年度内部控制评价报告的核查意见 民生证券股份有限公司（以下简称"保荐机构"）作为西安诺瓦星云科技股 份有限公司（以下简称"诺瓦星云""公司"）首次公开发行 A 股股票并在创业 板上市的保荐机构和持续督导机构，根据《证券发行上市保荐业务管理办法》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》等相关法律、法规和规范性文件的规 定，对诺瓦星云 2024 年度内部控制评价报告的相关情况进行了审慎核查，具体 内容如下： 一、内部控制评价工作情况 （一）内部控制评价范围 公司按照风险导向原则确定纳入评价范围的主要单位、业务和事项以及高 风险领域。本次纳入评价范围的单位为西安诺瓦星云科技股份有限公司以及合 并报表范围内的子公司，纳入评价范围单位资产总额占公司合并财务报表资产 总额的 100%，营业收入合计占公司合并财务报表营业收入总额的 100%。 纳入评价范围的主要业务和事项包括: 1、公司层面的内控五要素 （1）内部环境：具体包括治理结构、组织架构、发展战略、人力资源政策、 社会责任、安 ...

西安诺瓦星云科技股份有限公司 内部控制审计报告 大华内字[2025]0011000035 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified Public Accountants（Special General Partnership） 西安诺瓦星云科技股份有限公司 内部控制审计报告 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 内部控制审计报告 1-2 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 内 部 控 制 审 计 报 告 大华内字[2025]0011000035 号 西安诺瓦星云科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了西安诺瓦星云科技股份有限公司（以下简称诺瓦 星云公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企 ...

民生证券股份有限公司 关于西安诺瓦星云科技股份有限公司 使用部分闲置募集资金和自有资金 进行现金管理的核查意见 民生证券股份有限公司（以下简称"保荐机构"）作为西安诺瓦星云科技股 份有限公司（以下简称"诺瓦星云""公司"）首次公开发行 A 股股票并在创业 板上市的保荐机构和持续督导机构，根据《证券发行上市保荐业务管理办法》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》《上市公司监管指引第 2 号——上市公 司募集资金管理和使用的监管要求》等相关法律、法规和规范性文件的规定， 对诺瓦星云关于使用部分闲置募集资金及自有资金进行现金管理的事项进行了 审慎核查，具体内容如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意西安诺 瓦星云科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕 624 号）同意注册，诺瓦星云首次公开发行人民币普通股（A 股）1,284 万股， 发行价格为 126.89 元/股，募集资金总额为 1,629,267,600.00 元，扣除发行费用 124,535,532.81 ...

西安诺瓦星云科技股份有限公司 2024 年度独立董事述职报告 各位股东： 本人闫玉新，作为西安诺瓦星云科技股份有限公司（以下简称"公司"）的 独立董事，在 2024 年任职期间严格按照《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 有关法律法规和《公司章程》等公司相关的规定和要求，积极履行独立董事的职 责，发挥独立董事的作用，勤勉尽责，积极维护公司整体利益和全体股东的合法 权益。现将 2024 年度本人履行独立董事职责的工作情况汇报如下： 一、独立董事基本情况 （一）个人基本情况 本人闫玉新，1974 年出生，中国国籍，无境外永久居留权，中国政法大学宪 法与行政法专业博士学历，执业律师。曾任职于陕西睿诚律师事务所、西安曲江 文化旅游股份有限公司、陕西华秦永和投资管理有限公司等；2019 年 11 月至今， 任北京德恒（西咸新区）律师事务所高级合伙人、主任；2019 年 3 月至今，任公 司独立董事。 （二）独立性情况说明 作为公司的独立董事，本人未在公司担任除独立董事以外的任何职务，也未 在公司主要股东公司担任任何职务，与公司以及主要股东之间不存在妨 ...

西安诺瓦星云科技股份有限公司 2024 年度独立董事述职报告 各位股东： 2024 年度，公司共召开了 13 次董事会，6 次股东大会，出席情况如下： | 独立董 事姓名 | 董事会 | | | | | | 股东大 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 会 | | | 本年应参加 | 亲自 | 现场出 | 通讯方 | 委托 | 缺 | 出席股 | | | 董事会次数 | 出席 | 席次数 | 式出席 | 出席 | 席 | 东大会 | | | | 次数 | | 次数 | 次数 | 次 | 次数 | | 张建奇 | 13 | 13 | 8 | 5 | 0 | 0 数 | 5 | 本人张建奇，作为西安诺瓦星云科技股份有限公司（以下简称"公司"）的独 立董事，在 2024 年任职期间严格按照《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》"）等有关法 律法规和《公司章程》等公司相关的规定和要求，积极履行独立董事的职责，发 挥独立董事的作用，勤勉尽责，积极维护公司整体利益 ...

第三条 公司与关联方之间的关联交易应签订书面协议，并遵循平等自愿、 等价有偿的原则，协议内容应明确、具体。 西安诺瓦星云科技股份有限公司 关联交易管理制度 第一章 总则 第一条 为进一步规范西安诺瓦星云科技股份有限公司（以下简称"公司"） 的关联交易，确保公司的关联交易行为不损害公司和非关联股东的合法权益，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》"）、《深圳证券交易所上市公司自律监管指 引第 7 号——交易与关联交易》《深圳证券交易所创业板股票上市规则》《深圳 证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律、 法规和其他规范性文件以及《西安诺瓦星云科技股份有限公司章程》（以下简称 "《公司章程》"）的规定，结合公司的实际情况制定本制度。 第二条 公司关联交易应遵循定价公允、决策程序合规的原则，不得损害公 司和非关联股东的利益，不得隐瞒关联关系或将关联关系非关联化。 关联交易不得存在导致或者可能导致公司出现被控股股东、实际控制人及其 关联方非经营性资金占用、违规为关联方提供担保或者其他被关联方侵占利益的 情形。 （二） ...

西安诺瓦星云科技股份有限公司 2024 年度独立董事述职报告 各位股东： 本人毛志宏，作为西安诺瓦星云科技股份有限公司（以下简称"公司"）的 独立董事，在 2024 年任职期间严格按照《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 有关法律法规和《公司章程》等公司相关的规定和要求，积极履行独立董事的职 责，发挥独立董事的作用，勤勉尽责，积极维护公司整体利益和全体股东的合法 权益。现将 2024 年度本人履行独立董事职责的工作情况汇报如下： 一、独立董事基本情况 （一）个人基本情况 本人毛志宏，1961 年出生，中国国籍，无境外永久居留权，吉林大学商学院 企业管理专业财务管理方向博士学历，教授职称。曾任职于吉林财贸学院（现吉 林财经大学）、北京宇信科技集团股份有限公司、吉视传媒股份有限公司等。2000 年 11 月至今，历任吉林大学商学院博士生导师、教授；2020 年 4 月至今，任一 汽解放集团股份有限公司独立董事；2020 年 5 月至今，任吉林亚泰（集团）股份 有限公司独立董事；2019 年 3 月至今，任公司独立董事。 （二）独立性情况说明 作 ...

Financial Performance - The company's operating revenue for 2024 was ¥3,279,602,567.48, representing a 7.38% increase compared to ¥3,054,242,163.98 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥593,104,257.02, a decrease of 2.31% from ¥607,122,250.40 in 2023[22]. - The net cash flow from operating activities for 2024 was ¥30,205,230.08, down 88.09% from ¥253,654,896.26 in 2023[22]. - The total assets at the end of 2024 reached ¥5,439,731,974.71, a 30.31% increase from ¥4,174,450,570.74 at the end of 2023[22]. - The net assets attributable to shareholders increased by 70.15% to ¥3,661,659,335.62 at the end of 2024, compared to ¥2,152,049,364.56 at the end of 2023[22]. - The basic earnings per share for 2024 was ¥6.57, a decrease of 25.00% from ¥8.76 in 2023[22]. - The weighted average return on equity for 2024 was 17.38%, down 15.63% from 33.01% in 2023[22]. - The company achieved operating revenue of CNY 3,279.60 million, a year-on-year increase of 7.38%[66]. - Domestic market revenue was CNY 2,653.18 million, up 2.85% year-on-year, while overseas market revenue reached CNY 626.43 million, growing by 32.03%[66]. - The company's net profit attributable to shareholders decreased by 2.31% to CNY 593.10 million[66]. Dividend Distribution - The company plans to distribute a cash dividend of 6.50 RMB per 10 shares (including tax) based on a total share capital of 91,420,829 shares as of March 31, 2025[4]. - The company distributed a cash dividend of 97 RMB per 10 shares, totaling 498.19 million RMB, as part of the 2023 annual profit distribution plan[150]. - For the first three quarters of 2024, the company plans to distribute a cash dividend of 2.11 RMB per 10 shares, amounting to 19.41 million RMB[150]. - The company's profit distribution plan for 2024 proposes a cash dividend of 6.50 per 10 shares, totaling RMB 59,423,538.85 (including tax), with no bonus shares or capital reserve conversion[200]. - The cash dividend distribution in the reporting period accounted for 100% of the total profit distribution amount, adhering to the company's cash dividend policy[200]. Market and Industry Outlook - The global LED display market is projected to reach approximately $7.516 billion in 2024, with a year-on-year growth of about 3%[37]. - By 2025, the market is expected to grow to $7.971 billion, and by 2028, it could reach $10.236 billion, with a CAGR of 7% from 2023 to 2028[37]. - The investment in MLED in China is estimated to be around 84.58 billion RMB in 2024, representing a year-on-year increase of 50.3%[38]. - The investment in the MLED sector is expected to continue to grow at a rate exceeding 30% in 2025[38]. - The ultra-high-definition video industry in China is projected to reach approximately 3.66 trillion RMB in 2023, with expectations to surpass 7 trillion RMB by 2025[39]. Research and Development - The company maintains a strong R&D focus, with 1,287 R&D personnel, accounting for 41.17% of total employees, and has established a national-level industrial design center[61]. - The company holds 1,177 domestic patents (656 invention patents) and 27 overseas patents (22 invention patents), showcasing its commitment to innovation and intellectual property[61]. - R&D investment reached approximately ¥540.27 million in 2024, accounting for 16.47% of operating revenue, up from 14.47% in 2023[99]. - The proportion of R&D personnel with master's degrees increased by 26.99% to 447 in 2024, reflecting a strategic focus on attracting experienced technical staff[99]. - The company aims to continue high-intensity R&D investments in MLED and 4K/8K ultra-high-definition technologies to support efficient mass production and commercialization[63]. Corporate Governance and Management - The company emphasizes transparent information disclosure, utilizing multiple platforms to communicate with investors and enhance their understanding of the company[159]. - The company has established a robust internal control system to protect the rights of minority investors and prevent abuse of power by major shareholders[151]. - The company has a fully independent personnel management system, ensuring that all senior management is appointed without influence from controlling shareholders[164]. - The company has independent directors with extensive experience in legal and financial sectors, contributing to governance and oversight[181]. - The company has established partnerships with external firms for risk management and compliance, enhancing its operational capabilities[180]. Strategic Initiatives - The company plans to expand its market presence by enhancing customer service systems and focusing on cutting-edge technologies like ultra-high-definition applications and MLED[135]. - The company is focused on new product and technology development to drive future growth[145]. - The company has outlined its strategic initiatives for 2024, focusing on innovation and market expansion[145]. - The company is actively monitoring market trends to adapt its strategies accordingly[145]. - The company aims to transition from a product R&D-focused entity to an innovative service-oriented enterprise, enhancing customer empowerment through advanced technology and excellent service[134]. Risk Management - The company acknowledges the risk of technology upgrade cycles shortening due to increasing product complexity and specialization, emphasizing the need for continuous innovation[141]. - The company is aware of global management risks due to the complex international political and economic environment and will enhance internal control and risk management processes[142]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans, urging investors to understand the differences between plans, forecasts, and commitments[5]. Operational Efficiency - The company has implemented cost control measures to reduce project implementation expenses[128]. - The company is committed to improving operational management to enhance decision-making and operational efficiency, thereby increasing core competitiveness[138]. - The company has revised its management systems to enhance operational efficiency[186]. Shareholder Engagement - The company held six shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[154]. - The company conducted multiple investor relations activities throughout 2024, including interactive sessions to discuss strategic developments and operational conditions[145]. - The company has established a comprehensive compensation management system to enhance internal equity and external competitiveness, aiming to attract and retain talent[196].

Financial Performance - The company's revenue for Q1 2025 was ¥621,000,758.21, representing a decrease of 8.83% compared to ¥681,142,701.58 in the same period last year[5]. - Net profit attributable to shareholders decreased by 16.54% to ¥102,284,356.13 from ¥122,555,872.44 year-on-year[5]. - Basic and diluted earnings per share fell by 23.97% to ¥1.11 from ¥1.46 in the same period last year[5]. - Operating profit decreased to ¥112,910,644.06 from ¥133,639,778.25, reflecting a decline of about 15.5%[27]. - Net profit decreased to ¥102,045,717.09 from ¥122,555,872.44, representing a decrease of approximately 16.8%[27]. - Total comprehensive income increased to ¥140,364,817.91 from ¥105,214,037.63, reflecting an increase of about 33.4%[28]. Cash Flow - The net cash flow from operating activities improved by 41.77%, reaching -¥36,829,263.57 compared to -¥63,246,609.88 in the previous year[5]. - Cash flow from operating activities showed a net outflow of ¥36,829,263.57, improving from a net outflow of ¥63,246,609.88 in the previous period[31]. - Investment activities resulted in a net cash outflow of ¥21,350,919.88, an improvement from a net outflow of ¥88,663,704.24[31]. - Financing activities generated a net cash inflow of ¥8,613,255.87, a decrease from a substantial inflow of ¥1,595,876,253.95 in the previous period[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,313,731,834.05, a decrease of 2.32% from ¥5,439,731,974.71 at the end of the previous year[5]. - The total liabilities decreased to ¥1,598,734,507.14 from ¥1,770,342,787.63, indicating a reduction of approximately 9.7%[24]. - Cash and cash equivalents at the end of the period are ¥937,423,391.74, down from ¥984,913,540.50, representing a decline of about 4.8%[22]. - The accounts receivable decreased to ¥775,189,220.47 from ¥902,490,269.62, a reduction of approximately 14.1%[23]. - The inventory balance is ¥1,549,721,776.60, slightly down from ¥1,576,448,255.28, indicating a decrease of about 1.7%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,384[15]. - Major shareholder Yuan Shengchun holds 23.08% of shares, totaling 21,338,122 shares[15]. - Major shareholder Zong Jingguo holds 15.29% of shares, totaling 14,138,971 shares[15]. - The top 10 shareholders include state-owned Xi'an High-tech Industry Venture Capital with 4.56% of shares, totaling 4,212,000 shares[15]. - The total number of preferred shareholders is not applicable, as there are no preferred shares reported[17]. - The number of shares held by major shareholders with restrictions includes 21,338,122 shares for Yuan Shengchun and 14,138,971 shares for Zong Jingguo, both set to be released in 2027[18]. - The company has a total of 2,410,560 shares held by Quanzhou Fanxing Enterprise Management Consulting Partnership, which are also restricted until 2027[18]. - The total number of unrestricted shares held by the top 10 shareholders includes 4,212,000 shares from Xi'an High-tech Industry Venture Capital[16]. - The company has no changes in the top 10 shareholders due to securities lending or borrowing[17]. - The major shareholders have signed a concerted action agreement effective until February 7, 2027, allowing for potential extension[16]. Financial Expenses and Taxes - The company reported a significant increase in financial expenses, which rose by 1573.93% to ¥4,175,826.01 due to a decrease in interest income from deposits[11]. - The company recorded a 121.92% increase in taxes and surcharges, totaling ¥8,498,193.50, primarily due to an increase in VAT payable[11]. Equity - The company’s total equity attributable to shareholders increased by 1.25% to ¥3,707,506,114.49 from ¥3,661,659,335.62 at the end of the previous year[5]. - The total equity attributable to the parent company increased to ¥3,707,506,114.49 from ¥3,661,659,335.62, reflecting an increase of approximately 1.3%[24]. Share Repurchase and Lock-up - The number of shares released from lock-up is 15,975,360, with the listing date set for February 10, 2025[20]. - The company plans to implement a second share repurchase program as approved in the board meeting on January 23, 2025[20]. - The company has completed the application for the release of lock-up shares for 12 shareholders during the reporting period[20].