Core Viewpoint - Jiangsu Gongchuang Artificial Turf Co., Ltd. is adjusting its stock option exercise price and repurchase price for restricted stocks, along with the cancellation of certain stock options and the conditions for the first exercise period and the first lifting of restrictions [3][11]. Summary by Sections Legal Framework - The adjustments are based on the Company Law, Securities Law, and relevant regulations from the China Securities Regulatory Commission [2][3]. Approval Process - On July 8, 2024, the company held its third board meeting to approve the 2024 long-term incentive plan and related proposals, which were compliant with the regulations [4][6]. - The supervisory board also approved the incentive plan on the same day, confirming the legality of the proposed incentive objects [5][6]. Stock Option and Restricted Stock Details - On July 26, 2024, the company granted stock options totaling 3.359 million shares at an exercise price of 16.68 yuan per share and 1.446 million restricted stocks at a price of 9.81 yuan per share [8][9]. Adjustments to Prices - The exercise price for stock options was adjusted to 16.04 yuan per share after accounting for a cash dividend of 0.64 yuan per share [12]. - The repurchase price for restricted stocks was adjusted to 9.17 yuan per share, also considering the cash dividend [12]. Repurchase and Cancellation - The company will cancel 12,000 stock options due to the departure of certain incentive objects and will repurchase 835 restricted stocks and 31,527 stock options due to unmet performance conditions [13]. Conditions for Exercise and Lifting of Restrictions - The first exercise period for stock options is set from August 8, 2025, to the last trading day within 24 months from the grant date [15]. - The conditions for lifting restrictions on the first batch of restricted stocks have been met, with 113 incentive objects eligible to exercise options for 921,873 shares and 13 objects eligible to lift restrictions on 432,965 shares [23]. Conclusion - The adjustments, repurchases, and cancellations have received the necessary approvals and are in compliance with relevant regulations, with the company required to fulfill subsequent disclosure obligations [24].

证券代码：605099 证券简称：共创草坪 公告编号：2025-031 江苏共创人造草坪股份有限公司 关于回购注销部分限制性股票及注销部分股票期权 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个别及连带责任。 重要内容提示： ? 本次回购注销限制性股票数量：835 股 ? 本次回购注销限制性股票价格：9.17 元/股 一、本次股权激励计划已履行的决策程序和信息披露 第二次会议，审议通过《关于公司<2024 年股票期权与限制性股票激励计划（草 案）>及其摘要的议案》《关于公司<2024 年股票期权与限制性股票激励计划实 施考核管理办法>的议案》等相关议案。公司监事会对本次股权激励计划相关事 项进行核实并出具了相关核查意见。 公示时间为 2024 年 7 月 9 日至 2024 年 7 月 18 日。公示期满后，监事会对本次 股权激励计划首次授予激励对象名单进行了核查并对公示情况进行了说明，并于 股票期权与限制性股票激励计划首次授予激励对象名单的核查意见及公示情况 说明》。 《关于公司<2024 年股票期权与限制性股票激励计划（草 ...

Group 1 - The company, Gongchuang Turf, announced the convening of its third board meeting on July 29, 2025, via communication methods to discuss the proposal regarding the repurchase and cancellation of certain restricted stocks and stock options under the 2024 stock option and restricted stock incentive plan [2] - For the fiscal year 2024, Gongchuang Turf's revenue composition is as follows: artificial turf accounts for 99.42% and other businesses account for 0.58% [2]

Core Points - The "Village Super" football field in Rongjiang County, Guizhou Province, was severely damaged by heavy rainfall and flooding, prompting emergency responses and significant infrastructure damage [1] - The football field is set to reopen for matches on the 25th, following extensive repair efforts that included the installation of 8,000 square meters of artificial turf [1][12] - Community support and volunteer efforts played a crucial role in the recovery, with over 30,000 people participating in the rebuilding efforts [12] Group 1 - The "Village Super" football field experienced two floods within a week, leading to over one meter of mud accumulation and severe damage [1] - Zhang Yan, a business owner from Jiangsu, donated artificial turf and coordinated its rapid production and delivery to Rongjiang [3] - Local residents actively participated in unloading the turf, completing the task in about two hours instead of the expected six [6] Group 2 - During the turf installation, local residents provided food and refreshments to the construction team, showcasing community solidarity [8] - Nearby businesses, including restaurants and creative shops, are gradually reopening, indicating a recovery in the local economy [10] - The "Village Super" event has become a focal point for community rebuilding and tourism, with local entrepreneurs expressing optimism about future growth [10][12] Group 3 - The football players from the "Village Super" team expressed gratitude for the support received during the recovery process and are eager to showcase their skills in the upcoming matches [14]

Core Viewpoint - The news highlights the contrasting fortunes of the artificial turf industry, with the rise of certain companies like Co-Creation Turf and the failure of Qingdao Qinghe to successfully list on the A-share market, primarily due to financial instability and operational challenges. Group 1: Market Performance - Since the start of the Scottish Super League in May, the football concept stocks have surged, with a cumulative increase of 15.72% in June, while Co-Creation Turf's stock price rose over 80% in the same month [1] - Qingdao Qinghe, the world's second-largest artificial turf company, announced the withdrawal of its IPO application after three years of efforts [1] Group 2: Operational Challenges - Qingdao Qinghe's strategy focused on overseas expansion has led to operational issues and significant debt, resulting in high pressure on its cash flow [2] - The company has faced rising hidden costs in overseas production due to labor cost increases and safety issues, impacting profitability [2] - A fire at Qingdao Qinghe's Mexican factory caused a loss of approximately 59.63 million yuan, equivalent to 43.85% of its net profit for the first half of 2024 [2] Group 3: Financial Performance - Despite continuous revenue growth, Qingdao Qinghe's accounts receivable reached 490 million yuan, accounting for 20.58% of total assets, indicating potential cash flow issues [3] - The company has experienced significant fluctuations in profit due to a consistently low gross profit margin compared to industry averages [3] Group 4: Competitive Position - Qingdao Qinghe has lost a substantial number of clients, with 555 clients exiting compared to only 237 new clients, leading to an 11.81% revenue loss from exiting clients [4] - The company's low research and development investment, at only 1.50%, contributes to its lack of product pricing power despite holding 80 patents as a FIFA supplier [5] Group 5: Funding and Debt Issues - Qingdao Qinghe has increasingly relied on high-interest loans, with borrowing rates reaching as high as 40%, exacerbating its financial strain [6] - The company planned to raise 1.09 billion yuan through its IPO, with a significant portion allocated to its Vietnamese production base and working capital, indicating a need for financial survival rather than growth [8]

Group 1 - The core viewpoint of the article highlights the unsustainable nature of the "Su Super" concept rally, as the fundamental support for the stock price of Gongchuang Turf is lacking [1][4] - Gongchuang Turf's stock price surged over 116% in the past month, driven by speculative trading rather than solid business fundamentals [2][4] - The company's sports turf business only accounts for 20.25% of its revenue, indicating a weak connection to the "Su Super" concept [1][4] Group 2 - The stock experienced extreme volatility, with a daily trading range exceeding 11% on June 11, showcasing the intense tug-of-war between bullish and bearish forces [2][3] - Recent trading data shows a significant increase in trading volume and turnover, with daily turnover reaching 9.92 billion yuan on June 11, a 27-fold increase compared to the previous month [2][3] - Institutional investors have begun to exit, with net sales exceeding 46 million yuan on June 9, signaling a potential shift in market sentiment [3][4] Group 3 - The company's main business is the research, development, manufacturing, and sales of artificial turf, with a significant portion of its revenue coming from international markets [4][7] - The domestic market's contribution to revenue is minimal, with only 11.09% of sales coming from domestic operations, further questioning the sustainability of the stock price rally [4][7] - Despite the hype surrounding the "Su Super" concept, the actual impact on Gongchuang Turf's performance is limited, as indicated by the company's own disclosures [1][8]

Core Viewpoint - The stock price of Global Turf (共创草坪) surged by 91.18% from May 30 to June 10, 2025, amid rising interest in the "Soochow Super League" concept, despite the company's low revenue contribution from sports turf products [1][4]. Company Performance - As of June 11, the market value of shares held by the controlling shareholder Wang Qiangxiang and his investment firm increased by over 5 billion yuan [3]. - The company reported that its domestic sports turf revenue accounts for only about 20% of total revenue, with domestic market contributions at approximately 11% [4][10]. Stock Trading Activity - During the stock price surge, the trading turnover rate remained low, with a rate of 3.08% on June 10 and an average of 2.26% during the surge period [5]. - Wang Qiangxiang and his family hold a significant stake of 89.65% in the company, which contributes to the low trading activity as they rarely trade their shares [8]. Industry Context - China accounts for over 60% of the global artificial turf production capacity, with Global Turf being the largest producer [9][10]. - The global demand for artificial turf was 393 million square meters in 2023, with sales reaching 3.219 billion euros, projected to grow to 4.141 billion euros by 2027, reflecting a compound annual growth rate of 6.50% [9]. Production Capacity and Challenges - Global Turf has five production bases, with a total production capacity of 116 million square meters of artificial turf as of the end of 2024 [12]. - The company is facing capacity bottlenecks and is planning expansions in Vietnam and Mexico to enhance production capabilities [11][15]. Environmental Initiatives - The company has developed recyclable turf products in response to industry challenges such as environmental concerns and is positioned to benefit from tightening environmental regulations [16].

Core Viewpoint - The stock of Chuangjian Turf, a leading company in the "Su Super" concept stocks, has seen a significant increase, reaching a market capitalization of 17.75 billion yuan, with a 91.18% rise since May 30 [1] Group 1: Company Performance - Chuangjian Turf reported a revenue of 2.952 billion yuan for 2024, representing a year-on-year growth of 19.92% [1] - The net profit attributable to the parent company for 2024 was 511 million yuan, an increase of 18.56% year-on-year [1] - The company primarily engages in the research, production, and sales of artificial turf, being the largest in the world in terms of production and sales scale [1] Group 2: Revenue Breakdown - The company's revenue is divided into two main categories: leisure grass and sports grass, with sports grass generating 594 million yuan, accounting for about 20% of total revenue [2] - Leisure grass revenue reached 2.052 billion yuan, making up nearly 70% of the total revenue [2] - The majority of Chuangjian Turf's revenue comes from international markets, with 2.616 billion yuan in sales for 2024, a year-on-year increase of 21.02%, representing approximately 89% of total revenue [2] Group 3: Market Context - The ongoing popularity of the Jiangsu City Football League has drawn significant attention to "Su Super" related concept stocks, with over 180,000 fans attending matches [1] - Despite the current interest in domestic football events, the company noted that these events have a limited impact on its operational performance [1] - There is substantial growth potential in the domestic sports infrastructure market, with the per capita sports venue area in China being only 3.0 square meters, which is 1/5 to 1/6 of that in developed countries [2]

Group 1 - The company has experienced a significant stock price increase, with a cumulative rise of 73.79% over six consecutive trading days since May 30, 2025 [1] - The trading volume has surged, with a turnover rate reaching 12.73%, indicating heightened market activity compared to previous levels [1] - The stock price increase is characterized by irrational volatility, diverging significantly from the Shanghai Composite Index during the same period [1] Group 2 - The company's main business revenue is not primarily derived from domestic sports turf, which constitutes a low percentage of total income [1] - The impact of domestic football events on the company's operational activities and performance is minimal [1]

Group 1 - Vanke A's largest shareholder, Shenzhen Metro Group, plans to provide a loan of up to 3 billion yuan to the company for repaying bond principal and interest [1] - The loan term will not exceed 36 months, with an interest rate based on the 1-year Loan Prime Rate (LPR) minus 66 basis points, currently at 2.34% [1] Group 2 - Gongchuang Turf's stock price has increased for five consecutive trading days, with a total rise of 58.00%, significantly deviating from the Shanghai Composite Index [2] - The company generates 88.62% of its revenue from overseas, and is closely monitoring the uncertain U.S. tariff policies [2] - In 2024, the revenue from leisure grass and sports grass is projected to be 2.052 billion yuan and 594 million yuan, accounting for 69.93% and 20.25% of main business revenue, respectively [2] Group 3 - Jinling Sports announced that some venues in the Scottish Premier League used the company's football competition equipment, but the impact on the company's performance is currently minimal [3] Group 4 - Filinger's stock has seen significant increases, but the completion of the control transfer remains uncertain, pending regulatory approval [4] - The company has not disclosed any major changes in its fundamentals [4] Group 5 - Huamai Technology's business is currently focused on communication infrastructure, including optical communication products and wireless communication network construction products [5] Group 6 - Longbai Group plans to repurchase shares worth 500 million to 1 billion yuan for employee stock ownership plans, with a maximum repurchase price of 24.82 yuan per share [6] Group 7 - Stone Technology intends to issue H-shares and list on the Hong Kong Stock Exchange, pending shareholder approval and regulatory approvals [7] Group 8 - ST Tianyu and its actual controller are under investigation by the CSRC for suspected information disclosure violations, but this will not significantly impact the company's operations [8][9] Group 9 - Honghui Fruits' controlling shareholder is planning a share transfer that may lead to a change in control, resulting in a temporary suspension of trading [10] Group 10 - Cambridge Technology's major shareholders plan to reduce their holdings by up to 8.0413 million shares, representing 3.00% of the total shares [11] Group 11 - Jialin Jie announced that its controlling shareholder's associates received administrative penalties unrelated to the company, which will not affect its daily operations [12] Group 12 - GAC Group reported a May automobile sales figure of 117,698 units, a year-on-year decline of 24.80% [13] - Shennong Group sold 232,800 pigs in May, generating revenue of 413 million yuan [14] - Dabeinong sold 727,600 pigs in May, with revenue of 1.248 billion yuan [15] - Tangrenshen's pig sales increased by 47.69% year-on-year in May, with total revenue rising by 44.97% [16] Group 13 - Jiacheng International signed a two-year air transport service contract with a well-known e-commerce platform, ensuring annual revenue of no less than 500 million yuan [18] Group 14 - Zhonggu Logistics' shareholders plan to reduce their holdings by up to 3% of the company's shares [20] - CITIC Guoan intends to reduce its holdings of Hubei Broadcasting shares by up to 11.37 million shares [20]