2025年第二次临时股东会 会 议 资 料 浙江皇马科技股份有限公司 二〇二五年十月 浙江皇马科技股份有限公司 2025 年第二次临时股东会会议须知 为了维护全体股东的合法权益，确保本次股东会公开、公正、合法有效，保 证会议顺利进行，根据《上市公司股东会规则》等相关法律法规和规定，特制订 本须知。 一、董事会以维护股东的合法权益、确保大会正常秩序和议事效率为原则， 认真履行《公司章程》中规定的职责。 $$\exists\quad\quad\exists{\vec{X}}$$ | 股东会会议须知 2 | | --- | | 会议议程 2 | | 会议议案 5 | | 议案一：关于公司第三期员工持股计划（草案）及其摘要的议案..5 | | 议案二：关于公司第三期员工持股计划管理办法的议案………….…...6 | | 议案三：关于提请股东会授权董事会全权办理公司员工持股计划相 | | 关事项的议案….….………………………………………………………………………… 7 | | 授权委托书 9 | 2025 年第二次临时股东会会议资料 二、参加大会的股东请按规定出示持股证明、身份证或法人单位证明，委托 出席的需出示授权委 ...

2025年第二次临时股东会 会 议 资 料 浙江皇马科技股份有限公司 二〇二五年十月 $$\exists\quad\quad\exists{\overline{{\mathcal{K}}}}$$ | 案………….…...6 | | | --- | --- | | ……… 7 | | | 授权委托书 | 9 | 2025 年第二次临时股东会会议资料 浙江皇马科技股份有限公司 2025 年第二次临时股东会会议须知 为了维护全体股东的合法权益，确保本次股东会公开、公正、合法有效，保 证会议顺利进行，根据《上市公司股东会规则》等相关法律法规和规定，特制订 本须知。 一、董事会以维护股东的合法权益、确保大会正常秩序和议事效率为原则， 认真履行《公司章程》中规定的职责。 二、参加大会的股东请按规定出示持股证明、身份证或法人单位证明，委托 出席的需出示授权委托书、身份证明等证件，经工作人员验证后领取股东会资料， 方可出席会议。 三、与会股东请按时进入会场，听从工作人员安排入座，请将移动电话调至 振动档或静音，并保持会场安静和整洁。大会正式开始后，未经公司董事会同意， 除公司工作人员外的任何人不得以任何方式进行摄像、录音和拍 ...

Investment Rating - The investment rating for the company is maintained at "Buy" [1][4]. Core Insights - The company reported a Q3 revenue of 1.514 billion RMB, representing a year-over-year increase of 4.77% and a quarter-over-quarter increase of 0.01%. The net profit attributable to the parent company was 151 million RMB, showing a year-over-year growth of 60.83% and a quarter-over-quarter growth of 13.17% [1]. - The company has seen a steady performance in its anti-aging agent business and continuous market expansion in its lubricant additive business. The gross margin for Q3 was 21.97%, up 1.37 percentage points year-over-year [2]. - The life sciences division has made significant progress, with key projects achieving stable production and sales, and new products entering the trial production phase [3]. - The profit forecast for the company has been revised upwards, with expected net profits of 539 million RMB, 601 million RMB, and 669 million RMB for 2025, 2026, and 2027 respectively, reflecting year-over-year growth rates of 26%, 12%, and 11% [4]. Summary by Sections Financial Performance - Q3 revenue was 1.514 billion RMB, with a year-over-year increase of 4.77% and a quarter-over-quarter increase of 0.01%. For the first three quarters of 2025, revenue reached 4.509 billion RMB, up 5.72% year-over-year [1]. - The gross margin for Q3 was 21.97%, with a year-over-year increase of 1.37 percentage points [2]. Business Development - The anti-aging agent business has maintained steady performance, while the lubricant additive business is experiencing ongoing market expansion and capacity ramp-up [2]. - The life sciences division has established a core focus on bio-blocks and synthetic biology, with significant sales achievements and product trials underway [3]. Profit Forecast and Valuation - The net profit forecast for 2025-2027 has been adjusted upwards to 539 million RMB, 601 million RMB, and 669 million RMB, with corresponding EPS of 2.35, 2.62, and 2.91 RMB [4]. - The target price for the company is set at 44.54 RMB, based on a 17x PE ratio for 2026 [4].

Core Viewpoint - The stock of Huangma Technology (603181.SH) experienced a decline of 2.18% to close at 17.05 yuan after reaching a historical high of 20.88 yuan on October 10, indicating a significant pullback since then [1] Company Summary - Huangma Technology's stock opened high but closed lower, with a total trading volume of 358 million yuan and a market capitalization of 10.037 billion yuan [1] - The stock has seen a cumulative decline of over 15% since October 14, despite an overall increase of more than 50% year-to-date [1] - The company's controlling shareholder and actual controller, Ms. Ma Rongfen, completed a share reduction plan, selling 5 million shares, which accounts for approximately 0.8493% of the total share capital [1]

Core Insights - The cleaning agent industry is experiencing significant growth driven by urbanization, rising disposable incomes, and increasing consumer demand for safer and more efficient products. The market size in China is projected to grow from 47.41 billion yuan in 2015 to 94.14 billion yuan in 2024, with a compound annual growth rate (CAGR) of 8% [1][9]. Industry Overview - Cleaning agents are chemical formulations used to remove dirt and impurities, categorized into industrial and consumer cleaning agents. Industrial cleaning agents include oil removers, wax removers, and rust removers, while consumer products include laundry detergents and all-purpose cleaners [2][10]. - The cleaning agent industry is shifting towards environmentally friendly products, with innovations such as water-based formulations and biodegradable components gaining traction due to government policies and consumer preferences [1][9]. Market Dynamics - The demand for specialized cleaning agents is increasing, with products tailored for specific materials and scenarios becoming more prevalent. This trend is supported by a growing focus on functionality and safety in cleaning products [1][9]. - The surface active agent industry, crucial for cleaning agents, is also expanding, with production expected to rise from 2.15 million tons in 2015 to 5.08 million tons in 2024, reflecting a CAGR of 10.03% [6][7]. Application Sectors - The cleaning agent industry serves various sectors, including mechanical processing, electronics manufacturing, automotive maintenance, and food processing. The mechanical industry alone is projected to see revenue growth from 21.38 trillion yuan in 2018 to 31.5 trillion yuan in 2024, with a CAGR of 6.67% [8][9]. Competitive Landscape - The global cleaning agent market features a mix of international brands like Dow, Bayer, and 3M, alongside rapidly growing domestic brands such as Blue Moon and Chao Yun Group. These local brands leverage market insights and flexible strategies to compete effectively in the consumer and mid-tier industrial segments [10][11]. Future Trends - The industry is moving towards green and sustainable practices, with a focus on developing non-toxic, biodegradable formulations. This shift is driven by stricter environmental regulations and heightened public health awareness [14]. - Smart technology integration is becoming a key driver for industry transformation, with automation and IoT applications enhancing production efficiency and product consistency [14][15]. - Professionalization and functional specialization are emerging as defining characteristics of the cleaning agent industry, with products increasingly tailored to meet specific needs in various applications [15].

Core Viewpoint - On October 17, 2023, a total of 9 block trades occurred for Huamao Technology, with a total trading volume of 5 million shares and a transaction amount of 83.7 million yuan, at a price of 16.74 yuan, reflecting a discount of 3.96% compared to the closing price of the day [1][2]. Trading Activity - In the last three months, Huamao Technology has recorded a total of 26 block trades, with a cumulative transaction amount of 201 million yuan [2]. - The closing price of Huamao Technology on the day of the report was 17.43 yuan, which represents a decline of 6.29%. The daily turnover rate was 4.21%, with a total transaction amount of 443 million yuan, and a net outflow of main funds amounting to 25.67 million yuan [2]. - Over the past five days, the stock has seen a cumulative decline of 12.15%, with a total net outflow of funds amounting to 82.02 million yuan [2]. Margin Financing - The latest margin financing balance for Huamao Technology is 485 million yuan, which has increased by 27.81 million yuan over the past five days, reflecting a growth rate of 6.08% [3]. Company Background - Zhejiang Huamao Technology Co., Ltd. was established on May 30, 2003, with a registered capital of 588.7 million yuan [4].

Group 1 - A total of 45 stocks in the A-share market experienced block trades today, with a total transaction value of 1.255 billion yuan [1] - The top three stocks by transaction value were Guangqi Technology, Huayu Mining, and Real Madrid Technology, with transaction values of 264 million yuan, 261 million yuan, and 83.7 million yuan respectively [1]

Core Viewpoint - Real Madrid Technology (603181.SH) announced that its controlling shareholder and actual controller, Ms. Ma Rongfen, has completed a share reduction plan by selling a total of 5 million shares through block trading, which accounts for approximately 0.8493% of the company's total share capital [1] Group 1 - The share reduction plan was fully implemented on October 17, 2025 [1] - The total number of shares reduced is 5 million [1] - The percentage of total share capital represented by the reduced shares is approximately 0.8493% [1]

Core Insights - On October 17, 2025, Huamao Technology executed a block trade of 5 million shares, amounting to 83.7 million yuan, which represented 15.89% of the total trading volume for the day. The transaction price was 16.74 yuan, reflecting a discount of 3.96% compared to the market closing price of 17.43 yuan [1]. Trading Details - The block trade involved a total of 5 million shares at a price of 16.74 yuan per share, resulting in a transaction value of 83.7 million yuan [1]. - The transaction accounted for 15.89% of the total trading volume on that day, indicating significant market activity [1]. - The discount of 3.96% from the closing price suggests a strategic pricing decision in the context of market conditions [1].

证券代码：603181 证券简称：皇马科技 公告编号：2025-038 皇马科技：关于持股 5%以上股东 权益变动触及 1%刻度的提示性公告 投资者及其一致行动人王伟松先生、马荣芬女士、浙江皇马控股集团 有限公司、绍兴世荣宝盛投资管理合伙企业（有限合伙）、绍兴多银多投资 管理合伙企业（有限合伙）保证向本公司提供的信息真实、准确、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.身份类别 | | √控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | √ | 控股股东/实控人 | | | | □ | 控股股东/实控人的一致 | □ _____________ | | 马荣芬 | 行动人 | | √ 不适用 | | ...