（三）会议召开的合法、合规性 证券代码：002480 证券简称：新筑股份 公告编号：2025-037 成都市新筑路桥机械股份有限公司 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。 成都市新筑路桥机械股份有限公司（以下简称"公司"）已于 2025 年 4 月 26 日在巨潮资讯网刊登了《关于召开 2024 年度股东大会的通 知公告》。本次股东大会采取现场和网络投票相结合的方式召开，根 据相关规定，现发布关于本次股东大会的提示性公告如下： 一、召开会议的基本情况 （一）股东大会届次：2024 年度股东大会。 （二）股东大会召集人：成都市新筑路桥机械股份有限公司（以 下简称"公司"）董事会。 公司第八届董事会第二十六次会议已审议通过《关于提请召开 本次股东大会会议的召开符合有关法律、行政法规、部门规章、 规范性文件和公司章程的相关规定。 （四）会议召开日期、时间 圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 16 日 网投票系统进行网络投票的具体时间为 2025 年 5 月 16 日 9:15-15:00。 （五）会议的召开方式：现场投票结合 ...

Core Insights - The article highlights the innovative measures taken by Liyang City to reduce workplace injuries among high-risk groups, particularly delivery workers and sanitation workers, through comprehensive training and safety protocols [1][2][4] Group 1: Training and Safety Measures - Liyang City has implemented a "combination punch" approach to workplace injury prevention, focusing on "precise prevention, smart services, and capability enhancement," resulting in a 13% year-on-year decrease in traffic accident rates among new economy workers and a 15% reduction in workplace accidents for participating companies [1] - Over 1,800 delivery riders and sanitation workers have completed safety training courses, with key enterprises achieving a 100% insurance coverage rate for workplace injuries [2] - The introduction of a "Weekend Night School" model provides free safety training for over 100 key manufacturing companies, addressing high-risk operations and promoting proactive safety measures [2][3] Group 2: Skill Competitions and Engagement - The first "Liyang Ankang" workplace injury prevention skills competition engaged over 1,000 participants from 80 companies, leading to an average 15% reduction in workplace accident rates post-competition [3] - Participants reported a 90% increase in understanding of personal safety measures, demonstrating the effectiveness of immersive training methods [3] Group 3: Smart Services and Efficiency - The "Liyang Ankang" online settlement platform has streamlined the process for workers to claim medical expenses, allowing for a one-stop settlement experience, with over 300 individuals benefiting from this service, totaling more than 2.8 million yuan [4] - The injury recognition process has been optimized, reducing the time required for processing from days to just three, with a 70% reduction in overall recognition time [4] - The use of information technology has improved the accuracy of injury recognition information verification to over 99% [4]

Group 1 - The core viewpoint of the articles highlights the acceleration of digital transformation and smart manufacturing in Shandong Province, showcasing successful case studies of companies leveraging advanced technologies to enhance operational efficiency [1][2] Group 2 - Company A,艾迪精密, has improved work efficiency significantly, with one worker now able to accomplish the work of three, thanks to automation and robotic technology [1] - Company B,恒信高科能源, has reduced its annual maintenance workload by 35% through the implementation of a preventive maintenance digital control system, which utilizes advanced sensing technology [1] - Shandong Province has introduced several policies aimed at promoting digital transformation in manufacturing, including the "Shandong Manufacturing Digital Transformation Action Plan (2022-2025)" [1] Group 3 - 清峦福兴工业科技集团 has developed an AI human-machine dialogue function for CNC machine tools, achieving a hundredfold increase in operational efficiency [2] - The Shandong government aims to cultivate over 200 provincial-level smart factories and digital workshops annually, focusing on new-generation information technology and high-end manufacturing sectors [2] - By 2027, Shandong plans to establish 70 provincial-level "industrial brains" and nurture 10,000 "morning star factories" to further enhance industrial digitalization [2]

国内市场综述 高开高走 震荡攀升 周一（5 月 12 日）大盘高开高走，震荡攀升。截至收 盘，上证综指收于 3369.24 点，上涨 0.82%；深成指 收于 10301.16 点，上涨 1.72%；科创 50 上涨 0.49%； 创业板指上涨 2.63%，万得全 A 成交额共 13409 亿元， 较前一日有所上升。 行业方面，30 个中信一级行业有 26 个行业收涨，其 中国防军工、机械、电力设备及新能源涨幅较大，而 农林牧渔、医药、电力设备及新能源则跌幅居前。概 念方面，中船系、航母及大飞机等指数表现活跃。 海外市场综述 美国三大股指大幅收涨，亚马逊涨超 8% 周一（5 月 12 日），美国三大股指大幅收涨，道指涨 2.81%，标普 500 指数涨 3.26%，纳指涨 4.35%。亚马 逊涨超 8%，耐克涨逾 7%，领涨道指。万得美国科技七 巨头指数涨 5.4%，脸书涨近 8%，特斯拉涨超 6%。中 概股普遍上涨，文远知行涨超 27%，世纪互联涨逾 21%。 新闻精要 风险提示 1.稳增长力度不及预期； 2.地缘冲突升级。 分析师：彭竑/钟哲元 登记编码：S1490520090001/ S14905230 ...

Group 1 - The new policy allows specific groups, including elderly workers and interns, to participate in work injury insurance, ensuring their rights are protected [1][2] - From May this year, workers over the legal retirement age up to 70, vocational school interns, recent graduates, and unemployed youth aged 16-24 can enroll in work injury insurance without personal contributions [1][2] - Employers are required to enroll these specific workers in work injury insurance and pay the corresponding fees [1][2] Group 2 - Employers must accurately report the labor remuneration of these specific workers, with a minimum monthly contribution based on the lower limit of the annual average wage for urban employees [2] - For example, an intern in a mechanical manufacturing company would have a monthly insurance fee of 47 yuan based on a contribution base of 4273 yuan [2] - If employers fail to pay the required insurance fees, they are responsible for compensating work injury benefits according to regulations, and the insurance fund will cover new expenses after payment is made [2]

2025 年 5 月 12 日 总量研究 以斗争求合作，中方打到美方筹码底线 ——《大国博弈》系列第八十五篇 作者 分析师：高瑞东 执业证书编号：S0930520120002 010-56513108 gaoruidong@ebscn.com 分析师：赵格格 执业证书编号：S0930521010001 0755-23946159 zhaogege@ebscn.com 相关研报 中美会晤前哨观察：特朗普的交易底线—— 《大国博弈》系列第八十四篇（2025-05- 10） 中美关税第二轮，双方在如何出牌？—— 《大国博弈》系列第七十九篇（2025-03- 05） 从减税视角出发，特朗普后续关税力度几 何？——《大国博弈》系列第七十八篇 （2025-02-20） 如何看待美中加墨本轮关税交锋？——《大 国博弈》系列第七十七篇（2025-02-06） 野心与现实：特朗普首日新政评述——《大 国博弈》系列第七十六篇（2025-01-21） 要点 核心观点： 在中国的示范下，越来越多的国家意识到，与美谈判"以斗争求合作则合作存，以 妥协求合作则合作亡"，"美 X 谈判"进展缓慢，对美国经济、市场和特朗普选盘 逐步造成实质 ...

Core Viewpoint - China's exports surged by 9.3% in April, reaching 2.27 trillion yuan, despite a widening trade deficit with the U.S. by 20% [1][3] Group 1: China's Export Performance - Exports to ASEAN reached 1.48 trillion yuan, contributing significantly to the overall growth [3] - Exports to Africa increased by 15.1%, while Latin America saw an 11.5% rise [3] - High-tech product exports, such as industrial robots, soared by 58.3%, indicating a strong demand for advanced manufacturing [3] Group 2: U.S. Export Challenges - U.S. exports to China plummeted by 21% in April, with significant declines in agricultural and aerospace sectors [5][12] - The semiconductor exports to China rebounded to $10.5 billion, but mainly consisted of low-end chips [5] - The U.S. faces a severe downturn in education exports, down by 25%, and a halving of tourism revenue compared to pre-pandemic levels [12] Group 3: Trade Dynamics and Supply Chain Adjustments - The trade war has led to a significant shift in supply chains, with companies relocating production to countries like Mexico and Thailand [10] - China's exports to the U.S. have decreased by 35%, yet its global market share has increased by 0.8% [10] - The trade strategies employed by China and the U.S. reflect a complex interplay, with China adapting quickly to new market conditions [14]

Summary of Conference Call Notes Industry and Companies Involved - Focus on the export chain related to U.S.-China trade relations - Key companies mentioned include: - Chuncheng Power (春风动力) - Juxing Technology (巨星科技) - Zhejiang Dingli (浙江鼎力) - Lingxiao Pump Industry (凌霄泵业) - Qianfeng Holdings (泉峰控股) - Ousheng Electric (欧圣电气) - Taotao Co. (涛涛股份) Core Points and Arguments - Current favorable timing for investing in export chain-related stocks, especially those with significant price adjustments due to tariffs but strong fundamentals [3][4] - Chuncheng Power's U.S. export ratio is 25%-30%, with a projected annual net profit of 1.7-1.9 billion yuan, corresponding to a price-to-earnings ratio at historical lows [5][6] - Chuncheng Power's motorcycle business is thriving in multiple international markets, with electric two-wheeler sales expected to reach 500,000-600,000 units, contributing over 2 billion yuan in revenue [6] - Juxing Technology's U.S. revenue accounts for approximately 65%, with an expected annual net profit close to 3 billion yuan, also at historical lows, benefiting from favorable tariff policies [7] - Zhejiang Dingli's U.S. revenue ratio is about 30%, with projected profits of 2-2.1 billion yuan, maintaining growth potential if tariff policies remain favorable [8][9] - Lingxiao Pump Industry and Qianfeng Holdings are also highlighted as companies with solid fundamentals benefiting from improved U.S.-China trade relations [10] Other Important but Potentially Overlooked Content - The recent U.S.-China high-level economic talks resulted in substantial progress on tariff policies, indicating that negative factors for exports have been largely cleared [3] - Companies with over 25% export to the U.S. are particularly noteworthy, including Ousheng Electric and Taotao Co. [2] - The overall sentiment suggests that now is a critical time to position in U.S. export-related stocks due to the anticipated recovery in the sector [10]

Group 1 - The US and China have committed to a series of measures by May 14, 2025, including modifying and canceling tariffs on each other's goods and suspending or canceling non-tariff countermeasures [1] - The People's Bank of China and four other departments have proposed increased support for the marine industry, commercial aerospace, and the integration of key digital technologies like blockchain and artificial intelligence in Nansha [2] - Sichuan has proposed to accelerate the implementation of the province's first invasive brain-computer interface surgery and support its inclusion in the medical service system, aiming for key breakthroughs in the industrial chain by 2027 [3] Group 2 - Morgan Stanley's report indicates that US hedge funds increased their bullish bets on Chinese stocks last week while reducing positions in Thailand, India, and Australia [4] - China has launched a special campaign to combat the smuggling and export of strategic minerals, with recent actions including the implementation of export controls on heavy rare earths [5] - Zhaowei Electromechanical announced that its shareholder Qingmo Investment plans to reduce its stake by no more than 1.5% [6] - China CRRC recently signed significant contracts totaling 54.74 billion yuan [6] - Lijun Co., which has seen four consecutive trading limit increases, stated that its current operating conditions are normal and there are no undisclosed significant matters [6] - Kweichow Moutai has no plans for a Hong Kong listing at this time [6]

Group 1 - China has been Germany's largest trading partner for eight consecutive years since 2016, indicating strong bilateral trade relations [1][7] - The new German government, led by Merz, signifies a return to traditional policies, emphasizing the importance of maintaining economic ties with China [1][5] - A joint proposal from 36 German companies in China urges the new government to increase investments in China rather than reduce them, highlighting the need for a balanced approach to risk management [1][4] Group 2 - The complementary nature of the industrial structures between China and Germany remains strong, with certain sectors like aerospace and medical technology still competitive for Germany [2] - German companies view the Chinese market as crucial for their global competitiveness, with 92% of surveyed companies expressing a desire to remain in China [6] - The anticipated investment from German companies in China is projected to reach €5.7 billion in 2024, reflecting a 25% increase from the previous year [6] Group 3 - The new German government's coalition agreement emphasizes the necessity of cooperation with China while addressing the concept of "de-risking" [5] - There is a strong demand from the German business community for reduced bureaucratic barriers in bilateral investments, as previous restrictions on Chinese investments have been rolled back [4][5] - Germany's industrial policy is shifting focus towards future-oriented technologies, including AI and quantum computing, while still recognizing the importance of the Chinese market [8]