Company Overview - Xianheng International closed at 14.71 yuan, down 2.65%, with a rolling PE ratio of 25.61 times and a total market value of 6.037 billion yuan [1] - The company operates in the MRO (Maintenance, Repair, and Operations) sector, focusing on tools, instruments, and related technical services [1] Financial Performance - For Q1 2025, the company reported revenue of 640 million yuan, a year-on-year increase of 46.04%, and a net profit of 21.57 million yuan, up 144.43% [1] - The sales gross margin stood at 21.46% [1] Shareholder Information - As of March 31, 2025, Xianheng International had 14,219 shareholders, an increase of 328 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Industry Comparison - The average PE ratio for the instrument and meter industry is 84.66 times, with a median of 57.84 times, placing Xianheng International at 24th in the industry ranking [1][2] - The industry average market value is 5.127 billion yuan, while the median is 4.003 billion yuan [2]

北京市中伦（上海）律师事务所 关于咸亨国际科技股份有限公司 法律意见书 二〇二五年八月 法律意见书 北京市中伦（上海）律师事务所 关于咸亨国际科技股份有限公司 法律意见书 致：咸亨国际科技股份有限公司（以下简称"公司"） 北京市中伦（上海）律师事务所（以下简称"本所"）接受公司的委托，指 派律师出席并见证公司2025年第三次临时股东大会（以下简称"本次会议"）。 本所律师根据《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》"）、《上市公司股东会规则》 （以下简称"《股东会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《咸亨国际科技股份有限公司章程》（以下简称"《公 司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人 员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 资格、会议表决程序及表决结果的合法性发表意见，不对 ...

Group 1 - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [2][3] - The company was approved by the China Securities Regulatory Commission to issue 40.01 million shares of RMB ordinary stock and was listed on the Shanghai Stock Exchange on July 20, 2021 [3] - The registered capital of the company is RMB 4,102.8224 million [3] Group 2 - The company's business purpose is to create greater returns for shareholders while providing first-class products, services, and solutions to customers [4] - The company aims for sustainable development and satisfactory economic and social benefits [4][5] Group 3 - The company’s shares are issued in the form of stocks, with each share having equal rights [8] - The total number of shares is 410.28224 million, all of which are registered ordinary shares with a par value of RMB 1 [8][19] Group 4 - The company can increase capital through various methods, including public issuance and private placement, as decided by the shareholders' meeting [22] - The company can also reduce registered capital under specific circumstances as per the Company Law and this charter [23] Group 5 - The shareholders have rights to dividends and other benefits proportional to their shareholding [33] - Shareholders can request, convene, and participate in shareholders' meetings and exercise corresponding voting rights [33][34] Group 6 - The shareholders' meeting is the company's authority, responsible for deciding the company's operational policies and investment plans [43] - The annual shareholders' meeting must be held every year, while temporary meetings can be called under certain conditions [48][49]

Company Overview - Xianheng International's closing price on June 26 was 14.93 yuan, down 1.45%, with a rolling PE ratio of 26.00 times and a total market capitalization of 6.127 billion yuan [1] - The company operates in the MRO (Maintenance, Repair, and Operations) sector, focusing on tools, instruments, and related technical services [1] Financial Performance - For Q1 2025, Xianheng International reported revenue of 640 million yuan, a year-on-year increase of 46.04%, and a net profit of 21.5717 million yuan, up 144.43% [1] - The company's gross profit margin stood at 21.46% [1] Shareholder Information - As of March 31, 2025, Xianheng International had 14,219 shareholders, an increase of 328 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Industry Comparison - The average PE ratio for the instrument and meter industry is 77.29 times, with a median of 53.77 times, placing Xianheng International at the 25th position within the industry [1][2] - The industry average market capitalization is 4.681 billion yuan, while the median is 3.485 billion yuan [2]

北京市中伦（上海）律师事务所 关于咸亨国际科技股份有限公司 法律意见书 内容及该等议案所表述的事实或数据的真实性、准确性和完整性发表意见； 资格、网络投票结果均由相应的证券交易所交易系统和互联网投票系统予以认证； 关事项进行了必要的核查和验证，所发表的结论性意见合法、准确，不存在虚假 记载、误导性陈述或者重大遗漏； 本所律师同意将本法律意见书随公司本次会议决议一起予以公告。 本所律师根据《公司法》《证券法》《股东会规则》《证券法律业务管理办 法》《证券法律业务执业规则》等相关法律、行政法规、规章、规范性文件的要 求，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对公司提供的有 关文件和有关事项进行了核查和验证，现出具法律意见如下： 二〇二五年五月 法律意见书 北京市中伦（上海）律师事务所 关于咸亨国际科技股份有限公司 法律意见书 致：咸亨国际科技股份有限公司（以下简称"公司"） 北京市中伦（上海）律师事务所（以下简称"本所"）接受公司的委托，指 派律师出席并见证公司2024年年度股东大会（以下简称"本次会议"）。 本所律师根据《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》 ...

Core Insights - Xianheng International's stock closed at 14.67 yuan, up 1.17%, with a rolling PE ratio of 25.54, marking a new low in 33 days, and a total market capitalization of 6.02 billion yuan [1] - The average PE ratio in the instrument and meter industry is 81.17, with a median of 51.72, placing Xianheng International at the 28th position in the industry ranking [1] - As of March 31, 2025, the number of shareholders for Xianheng International increased to 14,219, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Company Overview - Xianheng International Technology Co., Ltd. specializes in the MRO (Maintenance, Repair, and Operations) of tools and instruments, engaging in the research, production, sales, and related technical services of these products [1] - The main products of the company include tools, instruments, and services [1] Financial Performance - In the latest quarterly report for Q1 2025, the company achieved a revenue of 640 million yuan, representing a year-on-year increase of 46.04%, and a net profit of 21.57 million yuan, up 144.43%, with a gross profit margin of 21.46% [1]

Core Insights - Xianheng International's stock closed at 12.64 yuan, down 9.97%, with a rolling PE ratio of 39.15 times and a total market value of 5.187 billion yuan [1] - The average PE ratio in the instrument and meter industry is 66.29 times, with a median of 40.42 times, placing Xianheng International at 42nd in the industry ranking [1] - As of September 30, 2024, the number of shareholders for Xianheng International is 16,474, a decrease of 391 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Company Overview - Xianheng International Technology Co., Ltd. is a centralized supplier of MRO products such as tools and instruments, engaged in the research, development, production, sales, and related technical services of these products [1] - The company primarily serves the electric power industry and is also involved in the railway and urban rail transit sectors [1] - Its product offerings include hand tools, electromechanical tools, electrical equipment, identification labels, emergency equipment, and instruments for power grid testing and electrical measurement [1] - The company provides specialized services such as electrical equipment information collection, health status evaluation, maintenance of tools and instruments, and emergency safety culture dissemination [1] - After over a decade of development, the company has established a leading position in marketing service networks, product supply, and technical services within the industry [1] Financial Performance - In the latest quarterly report for Q3 2024, the company achieved operating revenue of 1.989 billion yuan, a year-on-year increase of 18.82% [2] - The net profit for the same period was 96.7892 million yuan, reflecting a year-on-year growth of 58.81% [2] - The sales gross margin stands at 27.91% [2]

Core Insights - The company, Xianheng International, closed at 14.02 yuan on April 1, with a 1.23% increase, resulting in a rolling PE ratio of 43.43 times and a total market value of 5.753 billion yuan [1] - The average PE ratio in the instrument and meter industry is 81.91 times, with a median of 51.54 times, placing Xianheng International at the 40th position in the industry ranking [1] - As of the Q3 2024 report, 80 institutions hold shares in Xianheng International, with a total of 17.969 million shares valued at 224 million yuan [1] Company Overview - Xianheng International Technology Co., Ltd. is a centralized supplier of MRO products such as tools and instruments, engaged in the research, production, sales, and related technical services of these products [1] - The company's primary business serves the electric power industry, with involvement in railways and urban rail transit, offering products including hand tools, electromechanical tools, electrical equipment, and emergency equipment [1] - The company also provides services such as electrical equipment information collection, health status evaluation, maintenance of tools and instruments, and emergency safety culture dissemination, maintaining a leading position in marketing services, product supply, and technical services within the industry [1] Financial Performance - In the latest Q3 2024 report, the company achieved an operating income of 1.989 billion yuan, representing a year-on-year increase of 18.82%, and a net profit of 96.7892 million yuan, up 58.81% year-on-year, with a gross sales margin of 27.91% [2] - The PE ratio (TTM) for Xianheng International is 43.43, while the static PE is 59.53, and the price-to-book ratio is 3.69 [2] - The total market value of Xianheng International is reported at 5.753 billion yuan, compared to the industry average market value of 4.619 billion yuan [2]