Group 1 - The core viewpoint of the article is that the company is focused on enhancing its investment value and shareholder returns through strategic planning and operational improvements [1] - The company has developed a three-year shareholder return plan for 2025-2027 to increase transparency in its profit distribution policy [1] - The company aims to strengthen its core competitiveness and improve operational quality to create value for investors [1]

长华化学科技股份有限公司 未来三年股东回报规划（2025 -2027 年） 长华化学科技股份有限公司 二、本规划的制定原则 未来三年股东回报规划（2025-2027 年） 为进一步完善长华化学科技股份有限公司（以下简称"公司"）科学、持续、 稳定的分红决策和监督机制，积极回报投资者，引导投资者树立长期投资和理性 投资理念，并形成稳定的回报预期，根据中国证券监督管理委员会《上市公司监 管指引第 3 号——上市公司现金分红》等相关法律法规、规范性文件及《长华化 学科技股份有限公司公司章程》（以下简称"《公司章程》"）的规定，结合公 司实际情况，制定公司《未来三年股东回报规划（2025-2027 年）》（以下简称 "本规划"），具体如下： 一、制定本规划的考虑因素 在制定本规划时，公司未来三年股东回报规划（2025-2027 年）是在综合分 析行业发展趋势、公司经营发展实际情况、股东的诉求和意愿、社会资金成本、 外部融资环境等因素的基础上，充分考虑公司所处的发展阶段、目前及未来的盈 利能力、现金流量状况、以净资本和流动性为核心的风险控制指标等情况，在平 衡短期利益和长期利益的基础上，对利润分配做出制度性安排，以保证 ...

证券代码：002913 证券简称：奥士康 公告编号：2025-053 奥士康科技股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、召开会议的基本情况 （http://wltp.cninfo.com.cn）向公司股东提供网络形式的投票平台，公司股东可以在网络投 票时间内通过上述系统行使表决权。网络投票包含证券交易系统和互联网投票系统两种投 票方式，同一股份只能选择其中一种方式。 公司股东只能选择上述投票方式中的一种表决方式。同一表决权出现重复投票的以第 一次有效投票结果为准。 （1）截至股权登记日 2025 年 8 月 8 日下午收市时在中国证券登记结算有限责任公司 深圳分公司登记在册的公司全体股东均有权出席股东会，并可以以书面形式委托代理人出 席会议和参加表决，该股东代理人不必是本公司股东； 备注 年 7 月 31 日召开第四届董事会第七次会议，审议通过了《关于提请召开 2025 年第二次临 时股东会的议案》，本次股东会的召集和召开符合有关法律、行政法规、部门规章、规范 性文件、深圳证券交易所规则和《公司章程》的规定。 （1）现场会议召开时间： ...

Investment Rating - The report assigns a "Buy" rating for Jianghe Group, expecting the stock to outperform the benchmark index by more than 20% within the next six months [2][13]. Core Insights - Jianghe Group has announced a three-year high dividend plan, committing to distribute at least 80% of the annual net profit attributable to shareholders or a minimum of CNY 0.45 per share (including tax), whichever is higher, for the years 2025-2027 [5][6]. - The company reported a strong cash flow performance, with operating cash flow of CNY 1.63 billion in 2024, supporting its high dividend payout [6]. - The company has seen a 6.3% year-on-year increase in new orders, totaling CNY 13.69 billion in the first half of 2025, driven by robust demand for curtain walls and photovoltaic buildings, particularly from overseas markets [6][7]. Financial Performance and Forecast - Revenue projections for Jianghe Group are CNY 24.2 billion in 2025 and CNY 26.2 billion in 2026, reflecting year-on-year growth rates of 8.1% and 8.0%, respectively [7][9]. - The net profit attributable to shareholders is expected to reach CNY 6.86 billion in 2025 and CNY 7.57 billion in 2026, with growth rates of 7.7% and 10.2% [7][9]. - The company's PE ratios for 2025 and 2026 are projected to be 12.2X and 11.0X, respectively, indicating a favorable valuation [7][9]. Market Position and Strategy - Jianghe Group is expanding its overseas business, establishing a dedicated overseas division and targeting markets in the Middle East and Southeast Asia, which is expected to drive significant growth in new orders [6][7]. - The company has a strong market position in the curtain wall segment, benefiting from increased market share due to its comprehensive advantages [6][7].

证券代码：300112 证券简称：万讯自控 公告编号：2025-042 债券代码：123112 债券简称：万讯转债 深圳万讯自控股份有限公司 关于召开 2025 年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳万讯自控股份有限公司（以下简称"公司"）董事会决定召开2025年第 一次临时股东会。本次股东会采用现场投票与网络投票表决相结合的方式，为保 护投资者合法权益，方便各位股东行使股东会表决权，现将有关事项通知如下： 一、召开会议的基本情况 部门规章、规范性文件、深圳证券交易所（以下简称"深交所"）业务规则和《公 司章程》等的规定。 现场会议时间：2025年8月14日（星期四）下午14:30 网络投票时间：2025年8月14日，其中，通过深圳证券交易所交易系统进行 网 络 投 票 的 具 体 时 间 为 ： 2025 年 8 月 14 日 上 午 9:15-9:25 、 9:30-11:30 ， 下 午 月14日9:15-15:00。 非累积投票提案 √作为投票对 络投票相结合的方式表决。 （1）截至2025年8月7日下午交易结束 ...

深圳万讯自控股份有限公司 未来三年（2025 年-2027 年）股东回报规划 深圳万讯自控股份有限公司 第 1 页 共 3 页 未来三年（2025 年-2027 年）股东回报规划 为完善深圳万讯自控股份有限公司（以下简称"公司"）利润分配政策，健全建立科学、 持续、稳定的分红决策和监督机制，积极回报投资者，维护公司股东的合法权益，根据中国证 券监督管理委员会《上市公司监管指引第3号—上市公司现金分红》等有关法律、法规、规范 性文件的要求以及《公司章程》的规定，公司制订了《未来三年(2025年-2027年)股东回报规 划》（以下简称"本规划"）： 一、本规划的制订原则 在符合相关法律法规及《公司章程》有关利润分配条款的前提下，公司的利润分配政策以 对投资者的合理投资回报和公司的可持续发展为宗旨，保证利润分配的连续性和稳定性，并充 分考虑、听取并采纳公司独立董事、中小股东的意见与诉求，以此确定合理的利润分配方案。 二、制订本规划考虑的因素 本规划着眼于公司的长远和可持续发展，在综合分析公司生产经营情况、盈利能力、股东 要求和意愿、社会资金成本、外部融资环境等因素的基础上，充分考虑公司所处行业特点、发 展所处阶段、 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company announced a shareholder return plan for the next three years (2025-2027), committing to distribute no less than 80% of the annual net profit attributable to shareholders or a minimum of 0.45 CNY per share (including tax), whichever is higher [2][4]. - The company's overseas business is rapidly expanding, with a recent contract for a project in Saudi Arabia valued at approximately 2.012 billion CNY, expected to contribute 8.98% to the 2024 revenue [9]. - The company is focusing on global sales of customized curtain wall products and photovoltaic components, with significant orders signed in Australia and other regions [9]. - The high dividend value is highlighted, with a projected dividend payout ratio of 80% leading to estimated dividend yields of 6.5%, 7.0%, and 7.6% for the years 2025, 2026, and 2027 respectively [9]. Summary by Sections Shareholder Return Plan - The company plans to distribute at least 80% of the annual net profit attributable to shareholders or a minimum of 0.45 CNY per share (including tax) for the years 2025-2027 [2][4]. Overseas Business Expansion - The company secured a significant project in Saudi Arabia, contributing to a 57% year-on-year increase in overseas orders, which now account for 28% of total orders [9]. - The company is expanding its presence in markets such as Saudi Arabia, Dubai, Thailand, and Vietnam [9]. Product Development - The company is actively selling customized curtain wall products and photovoltaic components globally, with notable orders in Australia and other regions [9]. Dividend Policy - The company emphasizes shareholder returns, with a high dividend payout ratio and a commitment to maintaining a minimum dividend per share, enhancing the certainty of dividend payments [9].

Core Viewpoint - Dalian Shenya Tourism Holdings Co., Ltd. has established a three-year shareholder return plan for 2025-2027, focusing on stable and continuous profit distribution to enhance investor confidence and meet shareholder expectations [1][2]. Group 1: Factors Considered in the Plan - The plan considers the company's actual situation, development goals, future profit scale, cash flow status, investment needs, and shareholder demands to create a sustainable return mechanism [1]. - The principles of the plan emphasize the need for a balance between investor returns and the company's long-term interests and sustainable development [2]. Group 2: Profit Distribution Principles - The profit distribution policy aims for continuity and stability, prioritizing cash dividends when conditions allow [2][3]. - The company can distribute profits in cash, stock, or a combination of both, with a target for cash dividends as the remaining dividends [2]. Group 3: Conditions for Profit Distribution - The company will prioritize cash dividends if it has positive profits and undistributed profits, and no significant investment plans or cash expenditures [2][3]. - Specific conditions for cash distribution include having a positive net profit and undistributed profits, with a minimum cash dividend ratio based on the company's development stage and investment needs [4][5]. Group 4: Decision-Making Process - The board of directors will thoroughly research and discuss profit distribution proposals, which will then be submitted to the shareholders' meeting for approval [5][6]. - Independent directors can express opinions on cash dividend proposals, and their feedback must be documented if not fully adopted [5]. Group 5: Policy Adjustment and Implementation - The profit distribution policy can be adjusted based on operational conditions and external factors, requiring board approval and a two-thirds majority at the shareholders' meeting [6]. - The implementation of the profit distribution plan will follow the company's articles of association, with provisions for deducting dividends from shareholders who have misappropriated company funds [6][7].

Core Viewpoint - The company has established a three-year shareholder return plan (2025-2027) aimed at ensuring a scientific, sustainable, and stable profit distribution policy to actively reward investors and protect their rights [1][2]. Group 1: Factors Considered in the Shareholder Return Plan - The plan considers long-term sustainable development, the company's actual situation and development goals, shareholder demands, social capital costs, and external financing environments [1]. - The company aims to create a systematic arrangement for profit distribution to ensure continuity and stability in its profit distribution policy [1]. Group 2: Principles of the Shareholder Return Plan - The company will implement an active, continuous, and stable profit distribution policy, balancing short-term interests with long-term development [2]. - Profit distribution will occur annually, with the possibility of mid-term cash dividends or stock dividends based on profitability and funding needs [2]. Group 3: Profit Distribution Methodology - The company may use a combination of cash and stock for profit distribution, with specific minimum cash dividend ratios based on the company's development stage and funding needs [2]. - For mature stages without major expenditures, cash dividends should constitute at least 80% of the distribution; for mature stages with major expenditures, at least 40%; and for growth stages with major expenditures, at least 20% [2]. Group 4: Cash Dividend Decision Process - The company will ensure that cash dividends are only distributed when profits are positive, after covering losses and legal reserves, and when operational funding needs are met [3]. - The company will actively communicate with shareholders, especially minority shareholders, to gather opinions before the shareholder meeting on cash dividend proposals [3]. Group 5: Review and Adjustment of the Shareholder Return Plan - The board will review the shareholder return plan every three years, making necessary adjustments based on feedback from shareholders, independent directors, and the supervisory board [4]. - Any changes to the profit distribution policy must be approved by a two-thirds majority of the voting rights at the shareholder meeting [6].

Core Viewpoint - The company plans to issue A-shares to specific investors in 2025, with a total fundraising target of up to 850 million yuan, primarily to supplement working capital [6][8][21]. Group 1: Issuance Details - The company will issue up to 33,385,703 shares, representing no more than 30% of the total share capital before the issuance [6][13]. - The issuance price is set at 25.46 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [6][7]. - The shares will be listed on the Shanghai Stock Exchange [8]. Group 2: Use of Funds - The total amount raised from the issuance will be used entirely to supplement the company's working capital after deducting issuance costs [8][21]. Group 3: Related Transactions - The specific investor for this issuance is Suzhou Bubugao Investment Development Co., Ltd., which is also the controlling shareholder of the company [6][12]. - The transaction constitutes a related party transaction due to the relationship between the company and the investor [12][13]. Group 4: Shareholder Approval and Governance - The company has prepared various reports and proposals for shareholder approval, including a feasibility analysis and a plan for shareholder returns over the next three years [21][22]. - The board of directors seeks authorization from the shareholders to handle all matters related to the issuance [18][19].