拉普拉斯新能源科技股份有限公司 拉普拉斯新能源科技股份有限公司 2025年第二次临时股东大会会议资料 证券代码：688726 证券简称：拉普拉斯 2025年第二次临时股东大会 会议资料 二〇二五年十一月 拉普拉斯新能源科技股份有限公司 2025年第二次临时股东大会会议资料 | | | | 2025年第二次临时股东大会会议须知 | 1 | | --- | --- | | 2025年第二次临时股东大会会议议程 | 3 | | 2025年第二次临时股东大会会议议案 | 5 | | 议案一 关于取消监事会暨修订《公司章程》的议案 | 5 | | 议案二 关于修订及制定公司部分治理制度的议案 | 7 | | 议案三 关于董事会换届暨选举第二届董事会非独立董事的议案 | 8 | | 议案四 关于董事会换届暨选举第二届董事会独立董事的议案 | 9 | | 附件：第二届董事会董事候选人简历 10 | | 拉普拉斯新能源科技股份有限公司 2025年第二次临时股东大会会议资料 拉普拉斯新能源科技股份有限公司 2025年第二次临时股东大会会议须知 为维护拉普拉斯新能源科技股份有限公司（以下简称"公司"）全体股东的 合法权益，确保股 ...

Market Overview - As of 10:30 AM today, the Shanghai Composite Index is at 3998.79 points, with a slight increase of 0.03% and total A-share trading volume reaching 1,083.642 billion yuan [1] Stocks Breaking Through Annual Line - A total of 76 A-shares have surpassed their annual line today, with notable stocks showing significant deviation rates including Binhai Energy at 8.36%, Overseas Chinese Town A at 6.04%, and Peking University Pharmaceutical at 5.58% [1] - The stocks with the largest deviation rates are as follows: - Binhai Energy: 9.96% increase, turnover rate of 4.54%, annual line at 11.51 yuan, latest price at 12.47 yuan [1] - Overseas Chinese Town A: 9.92% increase, turnover rate of 3.53%, annual line at 2.51 yuan, latest price at 2.66 yuan [1] - Peking University Pharmaceutical: 10.02% increase, turnover rate of 6.51%, annual line at 6.14 yuan, latest price at 6.48 yuan [1] Additional Stocks with Minor Deviations - Other stocks that have just crossed the annual line with smaller deviation rates include: - Shifeng Culture: 7.28% increase, turnover rate of 9.18%, annual line at 20.09 yuan, latest price at 20.92 yuan [1] - Shede Liquor: 3.72% increase, turnover rate of 2.05%, annual line at 59.70 yuan, latest price at 61.88 yuan [1] - Times Energy: 3.05% increase, turnover rate of 1.39%, annual line at 16.45 yuan, latest price at 16.92 yuan [1]

Group 1 - The core stock price of Laplace increased by 2.22% to 47.43 CNY per share, with a market capitalization of 19.225 billion CNY as of November 3 [1] - The company has seen a year-to-date stock price increase of 6.27%, with a 5-day increase of 6.51% and a 20-day increase of 2.00% [1] - Laplace's main business involves the research, production, and sales of high-performance thermal processing, coating, and supporting automation equipment required for photovoltaic cell manufacturing, with 91.69% of revenue coming from photovoltaic equipment [1] Group 2 - As of September 30, the number of shareholders for Laplace was 8,774, a decrease of 8.38% from the previous period, while the average circulating shares per person increased by 9.14% to 4,138 shares [2] - For the period from January to September 2025, Laplace achieved operating revenue of 4.321 billion CNY, a year-on-year increase of 0.43%, and a net profit attributable to shareholders of 588 million CNY, up 2.07% year-on-year [2] - Laplace has distributed a total of 150 million CNY in dividends since its A-share listing [3]

Summary of Key Points from Conference Call Records Industry Overview Engineering Machinery Industry - The engineering machinery industry showed overall revenue acceleration in Q3 2025, with median revenue growth for individual companies rising from 3% in Q2 to over 10% in Q3 [2] - Domestic excavator sales increased by over 20% year-on-year, significantly higher than the 8% growth in Q2, with both domestic and foreign demand improving [2] - Non-excavator segments, such as cranes, also turned positive with nearly double-digit growth [2] - Profitability varied among major manufacturers: SANY Heavy Industry and Zoomlion's net profit grew by approximately 40% to 50%, while XCMG and LiuGong experienced a slowdown or decline [2][3] - The differentiation in profit performance was attributed to non-recurring factors like exchange gains/losses and asset impairments [2] - Operating cash flow and collection ratios improved for most companies, indicating better operational quality [2] Textile and Apparel Equipment Sector - The textile and apparel equipment sector faced overall pressure, but selected stocks like Jack Co., Dahao Technology, and Honghua Digital Technology showed strong alpha performance [4] - Jack Co. achieved record high domestic and international revenues, while Honghua Digital Technology is expected to see significant profit growth due to ink capacity release [4] - Despite a decline in global market conditions due to tariffs, Jack Co. maintained a higher-than-average performance [4] X-ray Equipment Sector - The X-ray equipment sector experienced a recovery in Q3 2025, with companies like Yirui Bio reporting revenue and profit growth of 50% to 60% [5][6] - The recovery was aided by a low base from the previous year due to medical anti-corruption measures and improved downstream demand [5] - Meiya Optoelectronics saw profit growth of 20%, indicating an improved competitive landscape [5] - Nicheng Technology benefited from the booming electronic lithium battery sector, with significant revenue and profit growth [5][6] Industrial Automation Sector - The industrial automation sector's results were slightly below expectations, with order growth of 15% to 30% but profit growth lagging behind revenue [7][8] - Companies like Huichuan Technology faced challenges due to poor sales in the new energy vehicle sector, while others like Weichuang Electric exceeded expectations with good profitability [7] - Overall, while challenges exist, some companies in this sector demonstrated strong growth potential [7] Photovoltaic Equipment Sector - The photovoltaic equipment sector faced poor overall order performance, with many companies experiencing a decline in orders [8][9] - However, companies like Second Laser maintained double growth, and Aotwei showed strong order resilience [9] - Companies benefiting from capacity expansion and technology upgrades, such as Di'er and Laplace, also showed strong order resilience [9] Robotics Industry - The robotics industry saw significant developments driven by Tesla and domestic clients, with a notable market rally from late August to early October [10] - The industry is expected to see important advancements in mass production and standardization by the end of November 2025 [10][11] Export Chain Industry - The export chain industry performed steadily, with the forklift sector showing positive data in the second half of the year [12] - Companies like Hangcha and Anhui Heli reported revenue growth, although Anhui Heli's profit decreased due to increased R&D expenses [12] - The sector is expected to achieve 10% to 15% revenue and profit growth in 2026, driven by domestic and overseas demand [12] Hand Tools Industry - The hand tools sector faced a slight revenue decline but saw a profit increase of 19% for Juxing Company, driven by one-time gains [13][14] - The U.S. market for tools saw a 5% to 10% decline in sales, influenced by high mortgage rates [14] Aerial Work Platforms - Zhejiang Dingli reported revenue growth but faced short-term performance pressure due to losses [15] - The company plans to adjust pricing based on new product expansion and customer orders in 2026 [15] Lithium Battery Equipment Sector - The lithium battery equipment sector showed strong performance in Q3 2025, with significant order increases driven by strong energy storage demand [16] - The sector is expected to accelerate its recovery, with leading companies benefiting from increased capital expenditures and production expansions [16]

Group 1 - The Ministry of Commerce of China urges Japan to remove Chinese entities from the export control end-user list, emphasizing the need for cooperation to maintain stable supply chains [1] - Both parties aim to enhance bilateral economic relations and promote multilateral trade systems centered around the WTO [1] Group 2 - Ukraine's President Zelensky announced that Germany has delivered the "Patriot" air defense missile system to Ukraine, enhancing its defense capabilities [2] - A complete "Patriot" system typically costs over $1 billion, indicating significant international military support for Ukraine [2] Group 3 - North America has begun Daylight Saving Time, affecting trading hours for financial markets, with gold and silver trading starting at 7:00 AM Beijing time [3] Group 4 - The Ministry of Finance and the State Taxation Administration of China announced tax policies regarding gold transactions, exempting VAT for certain sales through designated exchanges [5] Group 5 - WuXi AppTec's CAR-T cell therapy, priced at 1.29 million yuan per injection, is expected to be included in the commercial health insurance directory, marking a significant development in domestic innovative drugs [7] Group 6 - Vanke A announced a framework agreement with its largest shareholder, Shenzhen Metro Group, for a loan facility of up to 22 billion yuan [19] - BYD reported a record sales figure of 441,706 vehicles in October, marking a new high for the year and cumulative sales of over 3.7 million vehicles from January to October [20] Group 7 - This week, the market will see the unlocking of restricted shares valued at over 20.3 billion yuan, with Huaxia Eye Hospital being the largest contributor [21] - Three new stocks are set to be issued this week, with specific details on their issuance dates and codes [25]

Core Viewpoint - Laplace, a leading provider of high-efficiency photovoltaic cell core process equipment and solutions, is set to be listed on the Shanghai Stock Exchange on October 29, 2024, with a focus on R&D, production, and sales of high-performance equipment for photovoltaic cell manufacturing [1]. Group 1: Business Performance - In Q3 2025, Laplace achieved a revenue of 4.321 billion yuan, ranking 6th in the industry, surpassing the industry average of 4.294 billion yuan and the median of 3.376 billion yuan, but below the top competitors [1]. - The revenue composition includes 2.807 billion yuan from photovoltaic equipment (91.69%), 250 million yuan from supporting products and services (8.17%), and 1.3878 million yuan from semiconductor equipment (0.05%) [1]. - The net profit for the same period was 589 million yuan, ranking 4th in the industry, above the industry average of 521 million yuan and the median of 328 million yuan [1]. Group 2: Financial Ratios - As of Q3 2025, Laplace's debt-to-asset ratio was 60.17%, down from 72.53% year-on-year but still above the industry average of 53.27% [2]. - The gross profit margin for Q3 2025 was 31.24%, an increase from 30.64% year-on-year and higher than the industry average of 29.12% [2]. Group 3: Management and Shareholder Information - The chairman, Lin Jiajie, received a salary of 2.82 million yuan, an increase of 1.0195 million yuan year-on-year [3]. - As of September 30, 2025, the number of A-share shareholders decreased by 8.38% to 8,774, while the average number of circulating A-shares held per shareholder increased by 9.14% to 4,138.53 [3]. Group 4: Future Outlook and Ratings - The company is expected to maintain growth, with projected earnings of 763 million yuan, 784 million yuan, and 854 million yuan for 2025 to 2027, corresponding to EPS of 1.88, 1.93, and 2.11 yuan [3]. - The company received an upgrade in EPS estimates for 2025 and 2026, with new figures of 1.96 and 2.22 yuan, reflecting increases of 13.29% and 24.02% respectively [4]. - The company is benefiting from new technology upgrades and is expected to see significant growth in TOPcon equipment performance in 2024 and Q1 2025 [4].

Core Insights - Laplace's stock increased by 4.27% on October 29, with a trading volume of 172 million yuan [1] - The company reported a net financing purchase of 12.59 million yuan on the same day, with a total financing balance of 149 million yuan, representing 7.13% of its market capitalization [1] - For the first nine months of 2025, Laplace achieved a revenue of 4.321 billion yuan, a year-on-year increase of 0.43%, and a net profit of 588 million yuan, up 2.07% [2] Financing and Trading Activity - On October 29, Laplace had a financing buy amount of 23.92 million yuan and a financing repayment of 11.34 million yuan [1] - The company had no short selling activity on the same day, with a short selling balance of 0 yuan [1] Company Overview - Laplace New Energy Technology Co., Ltd. was established on May 9, 2016, and is located in Shenzhen, Guangdong Province [1] - The company specializes in the research, production, and sales of high-performance thermal processing, coating, and automation equipment required for photovoltaic cell manufacturing [1] - The revenue composition includes 91.69% from photovoltaic equipment, 8.17% from supporting products and services, and 0.05% from semiconductor equipment [1] Shareholder Information - As of September 30, Laplace had 8,774 shareholders, a decrease of 8.38% from the previous period [2] - The average number of circulating shares per shareholder increased by 9.14% to 4,138 shares [2] Dividend Information - Since its A-share listing, Laplace has distributed a total of 150 million yuan in dividends [2]

Core Viewpoint - Laplace (688726) reported a slight increase in net profit and revenue for the first three quarters of 2025, indicating stable financial performance despite a challenging market environment [1] Financial Performance - For the first three quarters of 2025, Laplace achieved a net profit attributable to shareholders of approximately 588 million yuan, representing a year-on-year growth of 2.07% [1] - The company's operating revenue for the same period was approximately 4.321 billion yuan, reflecting a year-on-year increase of 0.43% [1]

Core Insights - Laplace (688726.SH) reported its Q3 2025 results on October 30, 2025, highlighting significant institutional investor interest with a total of 159 million shares held, representing 39.17% of the company's total equity [1] Institutional Holdings - As of October 29, 2025, nine institutional investors disclosed their holdings in Laplace, with a combined shareholding of 159 million shares, which is an increase of 0.03 percentage points compared to the previous quarter [1] - Notable institutional investors include Dalian Liancheng CNC Machine Co., Ltd., Anshi New Energy Materials (Shanghai) Co., Ltd., and several private equity and fund management partnerships [1] Public Fund Participation - The report indicates that there were 185 public funds that did not disclose their holdings in the current quarter, with notable funds including Changxin Quality Enterprise Mixed A, Penghua Sci-Tech Innovation Board New Energy ETF, and others [1]

Group 1 - The company reported a total operating revenue of 4.321 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 0.43% [1] - The net profit attributable to shareholders of the parent company reached 588 million yuan, showing a year-on-year increase of 2.07% [1] - The basic earnings per share were reported at 1.4507 yuan [1]