德恒上海律师事务所 关于上海龙旗科技股份有限公司 2025 年第六次临时股东会 之 见证法律意见书 上海市东大名路 501 号上海白玉兰广场办公楼 23 楼 电话：021-55989888 传真：021-55989898 德恒上海律师事务所 关于上海龙旗科技股份有限公司 2025 年第六次临时股东会之见证法律意见书 德恒上海律师事务所 关于上海龙旗科技股份有限公司 2025 年第六次临时股东会之 见证法律意见书 德恒 02G20240072-00009 号 致：上海龙旗科技股份有限公司 德恒上海律师事务所（以下简称"本所"）接受上海龙旗科技股份有限公司 （以下简称"公司"）委托，指派张露文律师、刘璐律师（以下合称"本所承办 律师"）出席公司于2025年12月31日下午14点00分在上海市徐汇区漕宝路401号1 号楼公司会议室召开的2025年第六次临时股东会（以下简称"本次股东会"）， 就本次股东会召开的召集和召开程序、召集人及出席会议人员的资格、会议议案、 表决方式和表决程序、表决结果和会议决议等进行见证并出具本法律意见书。 本所承办律师依据本法律意见书出具日前已经发生或存在的事实和《中华人 民共和国公司法》 ...

通知称，支持家电以旧换新。个人消费者购买冰箱、洗衣机、电视、空调、电脑、热水器等6类家电中1 级能效或水效标准的产品，按产品销售价格的15%给予补贴，每位消费者每类产品可补贴1件，每件补 贴不超过1500元。支持数码和智能产品购新。个人消费者购买手机、平板、智能手表手环、智能眼镜等 4类产品(单件销售价格不超过6000元)，按产品销售价格的15%给予补贴，每位消费者每类产品可补贴1 件，每件补贴不超过500元。支持智能家居产品(含适老化家居产品)购新补贴，具体补贴品类、补贴标 准由地方结合实际自主合理制定。 业内人士分析称，从经济效应来看，这无疑是激活消费和推动产业升级的双重引擎。具体来看，补贴政 策向1级能效产品和智能终端倾斜，倒逼企业加大研发投入。例如，家电企业需提升压缩机、芯片等核 心部件效率以满足能效标准，而数码厂商则需在AI算法、传感器集成等领域突破，以增强产品竞争 力。这种"补贴-创新-市场扩大"的良性循环，将推动中国制造向高端化、智能化转型。 12月30日，国家发展改革委、财政部发布关于2026年实施大规模设备更新和消费品以旧换新政策的通 知。 终端品牌：小米集团(01810)、联想集团(009 ...

Core Viewpoint - Longqi Technology has refiled its prospectus with the Hong Kong Stock Exchange after the initial submission expired, indicating a strong urgency among leading ODM manufacturers to adapt to industry changes and seize opportunities in the AI sector [2] Group 1: Market Position and Competition - Longqi Technology is the second-largest global consumer electronics ODM and the largest smartphone ODM with a market share of 32.6% in 2024 [3] - The competition among the top five ODM players is intense, with a combined market share of 68.7%, indicating a highly concentrated market [3][4] - In the smartphone segment, the top three players hold 75.1% of the market share, with Longqi Technology leading at 32.6% [3] Group 2: Industry Trends and Growth Potential - The global consumer electronics market is recovering, with shipments expected to grow from 2.113 billion units in 2024 to 2.49 billion units by 2029 [2] - The ODM model's penetration in the consumer electronics market is projected to increase from 46.2% in 2024 to 50.8% by 2029, reflecting a shift towards full-stack services [2][5] - AI technology is driving the expansion of smart product manufacturing into new areas such as automotive electronics and smart robotics, creating new growth opportunities [2][5] Group 3: Financial Performance and Challenges - In 2024, Longqi Technology achieved a revenue of 46.382 billion yuan, a significant increase of 70.62% year-on-year, but faced a net profit decline of 17.21% to 501 million yuan [8] - The company's gross margin fell to 5.8%, the lowest since 2022, due to increased competition and costs associated with new business ventures [8] - By 2025, the company's profitability showed signs of recovery, with a net profit increase of 17.74% to 507 million yuan in the first three quarters, although revenue faced short-term fluctuations [9][10]

Core Viewpoint - Longqi Technology has refiled its prospectus with the Hong Kong Stock Exchange after the initial submission expired, indicating a strong urgency to expand its financing channels and capitalize on the AI trend in the ODM industry [2] Group 1: Market Position and Competition - Longqi Technology is the second-largest global consumer electronics ODM and the largest smartphone ODM with a market share of 32.6% in 2024 [3] - The competition among the top five ODM players is intense, with a combined market share of 68.7%, indicating a highly concentrated market [4] - In the smartphone sector, the top three players hold 75.1% of the market share, with Longqi Technology leading at 32.6% [4] Group 2: Industry Trends and Growth Opportunities - The global consumer electronics market is recovering, with shipments expected to grow from 2.113 billion units in 2024 to 2.49 billion units by 2029 [2] - The ODM model is projected to increase its market penetration from 46.2% in 2024 to 50.8% by 2029, becoming the dominant manufacturing model [2][5] - AI technology is driving the expansion of smart product manufacturing into automotive electronics and robotics, creating new growth opportunities for ODM players [2][5] Group 3: Financial Performance and Challenges - In 2024, Longqi Technology achieved a revenue of 46.382 billion yuan, a significant increase of 70.62% year-on-year, but faced a net profit decline of 17.21% to 501 million yuan [9] - The company's gross margin fell to 5.8%, the lowest since 2022, highlighting the challenges of balancing expansion with profitability [9] - In 2025, there was a partial recovery in profitability, with a net profit increase of 17.74% to 507 million yuan in the first three quarters, although revenue faced short-term fluctuations [10]

Core Viewpoint - Longqi Technology (龙旗科技) is preparing for its IPO on the Hong Kong Stock Exchange, with Citigroup, Haitong International, and Guotai Junan International acting as joint sponsors [1]. Company Overview - Longqi Technology is a leading global provider of smart products and services, offering solutions for renowned smart product brands and leading technology companies, including product research, design, manufacturing, and support [4]. - The company ranks as the second-largest consumer electronics ODM manufacturer globally, with a market share of 22.4% based on 2024 ODM shipment volume, and is the largest smartphone ODM manufacturer with a 32.6% market share [4]. Product Portfolio - The company has developed a comprehensive smart product ecosystem compatible with popular platforms like Android and Windows, structured around a "1+2+X" framework: - "1" focuses on smartphones as the core business - "2" emphasizes personal computing and automotive electronics - "X" includes emerging consumer electronics such as tablets, wearables, TWS headphones, and smart glasses [5]. Financial Performance - Longqi Technology's revenue for the fiscal years 2022, 2023, and 2024 is projected to be approximately RMB 293.43 billion, RMB 271.85 billion, and RMB 463.82 billion, respectively [5]. - The revenue breakdown for 2024 indicates that smartphone products will generate RMB 361.33 billion (77.9% of total revenue), tablet business will contribute RMB 36.96 billion (8%), and AIoT business will see rapid growth with RMB 55.73 billion (12%) [5]. - The company reported net profits of approximately RMB 5.62 billion, RMB 6.03 billion, and RMB 4.93 billion for the fiscal years 2022, 2023, and 2024, respectively [5].

证券代码：603341 证券简称：龙旗科技 公告编号：2025-124 上海龙旗科技股份有限公司 关于全资子公司参与认购境外私募股权基金份额的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 参与认购境外私募股权基金份额的基本情况 上海龙旗科技股份有限公司（以下简称"公司"）全资子公司 Sinolong Technology (H.K.) Limited（以下简称"国龙科技"）于 2025 年 12 月 30 日签订 了《Growth Development Capital II L.P. Subscription Agreement》（以下简称"认 购协议"），国龙科技拟以自有资金 200 万美元参与投资 Growth Development Capital II L.P.（以下简称"本合伙企业"、"本基金"），本基金目标规模为 2,000 万美元（以最终认购金额为准）。 根据《上海龙旗科技股份有限公司章程》（以下简称"《公司章程》"）的 规定，该事项无需提交公司董事会、股东会审议。 其它需要提醒投资者重 ...

证券代码：603341 证券简称：龙旗科技 公告编号：2025-123 上海龙旗科技股份有限公司 关于发行 H 股并上市的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海龙旗科技股份有限公司（以下简称"公司"）正在进行申请发行H股股 票并在香港联合交易所有限公司（以下简称"香港联交所"）主板挂牌上市（以 下简称"本次发行上市"）的相关工作。公司已于2025年6月27日向香港联交所递 交了本次发行上市的申请，并于同日在香港联交所网站刊登了本次发行上市的申 请资料。 根据本次发行上市的时间安排及香港联交所的相关规定，公司已于2025年12 月29日向香港联交所更新递交了本次发行上市的申请，并于同日在香港联交所网 站刊登了本次发行并上市的更新申请资料。该相关申请资料为公司按照香港证券 及期货事务监察委员会（以下简称"香港证监会"）和香港联交所的要求编制和 刊发，为草拟版本，其所载资料可能会适时作出更新及修订，投资者不应根据其 中的资料作出任何投资决定。 中文：https://www1.hkexnews.hk/app/s ...

Group 1 - The core viewpoint of the article is that Longqi Technology (603341.SH) has signed a subscription agreement to invest in a fund managed by Growth Development Capital II L.P. to enhance its competitive strength through strategic development and professional investment experience [1] - Longqi Technology's wholly-owned subsidiary, Guolong Technology, will participate as a limited partner in the fund, committing $2 million, which represents 10% of the total subscription amount [1] - The fund aims to focus on AI hardware-related sectors, targeting growth-oriented enterprises to achieve stable investment returns for its limited partners through value enhancement of the invested companies [1]

Group 1 - The core point of the article is that Shanghai Longqi Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Citigroup, Haitong International, and Guotai Junan International as joint sponsors [1][32]. Group 2 - Company Overview: Longqi Technology is a provider of smart products and services, offering solutions for globally recognized smart product brands and leading technology companies, including product research, design, manufacturing, and support [3]. - Market Position: The company is the second-largest consumer electronics ODM manufacturer globally, holding a 22.4% market share, and the largest smartphone ODM manufacturer with a 32.6% market share as of 2024 [3][20][26]. - Product Portfolio: The company has a diversified product range that includes smartphones, AI PCs, automotive electronics, tablets, smartwatches, and smart glasses, structured under a "1+2+X" framework [3]. Group 3 - Financial Performance: The company reported revenues of approximately RMB 293.43 billion, RMB 271.85 billion, RMB 463.82 billion, and RMB 313.32 billion for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [7]. - Profitability: The net profit for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, was approximately RMB 5.62 billion, RMB 6.03 billion, RMB 4.93 billion, and RMB 5.14 billion, respectively [8]. - Gross Margin: The gross margin for the years 2022, 2023, 2024, and the nine months ending September 30, 2025, was 8.1%, 9.5%, 5.8%, and 8.3%, respectively [10]. Group 4 - Industry Overview: The global consumer electronics ODM market is expected to grow, with the shipment volume projected to increase from 2.113 billion units in 2024 to 2.49 billion units by 2029 [13]. - Market Dynamics: The market share of ODM and EMS suppliers in the global consumer electronics industry is expected to rise from 75.1% in 2020 to 79.7% in 2024, with ODM suppliers alone projected to account for 50.8% of global shipments by 2029 [15]. - Competitive Landscape: In 2024, the top five players in the global consumer electronics ODM market will hold a combined market share of 68.7%, with Longqi Technology's ODM shipment volume at 219 million units [20][22].

Company Overview - Longqi Technology Co., Ltd. (龙旗科技) is a provider of smart products and services, offering solutions for globally recognized smart product brands and leading technology companies, including product research, design, manufacturing, and support [3] - The company is a major competitor in the global consumer electronics ODM market, holding a 22.4% market share in the consumer electronics ODM sector and a 32.6% market share in the smartphone ODM sector for 2024 [3][19][21] - Longqi Technology has a diversified product portfolio that includes smartphones, AI PCs, automotive electronics, tablets, smartwatches, and smart glasses, structured under a "1+2+X" framework [3] Financial Performance - The company reported revenues of approximately RMB 293.43 billion, RMB 271.85 billion, RMB 463.82 billion, and RMB 313.32 billion for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [5] - Net profits for the same periods were approximately RMB 5.62 billion, RMB 6.03 billion, RMB 4.93 billion, and RMB 5.14 billion [6] - The revenue breakdown for 2024 indicates that smartphone products generated RMB 361.33 billion (77.9% of total revenue), tablet business contributed RMB 36.96 billion (8.0%), and AIoT business reached RMB 55.73 billion (12.0%) [4] Industry Overview - The global consumer electronics ODM market is projected to grow, with shipments expected to increase from 2.113 billion units in 2024 to 2.49 billion units by 2029 [10] - The ODM and EMS suppliers' market share in the global consumer electronics industry is expected to rise from 75.1% in 2020 to 82.5% by 2029, with ODM suppliers alone projected to account for 50.8% of global shipments [13] - The consumer electronics ODM market is characterized by significant concentration, with the top five players holding a combined market share of 68.7% in 2024 [19]