Group 1 - The core point of the article highlights that the number of shareholders for the company has decreased for the fourth consecutive period, with a total of 18,158 shareholders as of July 31, representing a decline of 1,331 shareholders or 6.83% compared to the previous period [2] - The company's stock price closed at 32.54 yuan, down 8.34%, with a cumulative decline of 3.61% since the concentration of shares began [2] - The company's Q1 report indicates that it achieved a revenue of 793 million yuan, a year-on-year increase of 15.27%, and a net profit of 156 million yuan, a year-on-year increase of 28.73%, with basic earnings per share of 0.3900 yuan and a weighted average return on equity of 5.50% [2]

Group 1 - The stock of Gongchuang Turf (605099) experienced a limit down today, with a turnover rate of 1.13% and a transaction amount of 161 million yuan, showing a fluctuation of 4.23% [2] - Institutional investors net sold 4.1167 million yuan, while the Shanghai-Hong Kong Stock Connect recorded a net purchase of 1.61 million yuan [2] - The stock was listed on the Shanghai Stock Exchange's watch list due to a daily decline deviation of -9.62%, with institutional specialized seats net selling 4.1167 million yuan [2] Group 2 - In the first quarter, the company reported a revenue of 793 million yuan, representing a year-on-year growth of 15.27%, and a net profit of 156 million yuan, up 28.73% year-on-year [3] - The top five trading departments on the day included the Shanghai-Hong Kong Stock Connect as the largest buyer with a purchase amount of 7.653 million yuan, while the largest seller was Shanxi Securities with a sale amount of 16.33 million yuan [3][4] - Over the past six months, the stock has appeared on the watch list eight times, with an average price increase of 0.53% the day after being listed and an average increase of 8.54% in the following five days [2]

Group 1 - The company has approved the repurchase and cancellation of 835 restricted stocks as part of its 2024 stock option and restricted stock incentive plan [1][2] - Following the repurchase, the company's total share capital will be reduced by 835 shares [1] - The company will apply for the cancellation of these shares with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch [1] Group 2 - Creditors are notified that they have 45 days from the announcement date (July 31, 2025) to declare their claims and request debt repayment or guarantees [2] - The validity of creditors' claims will not be affected if they fail to declare within the specified period, and the company will continue to fulfill its obligations according to the debt documents [2] - Specific documentation is required for creditors to declare their claims, including contracts and identification documents [3]

Core Viewpoint - The artificial turf market in Japan is experiencing steady growth driven by urbanization, increased investment in sports infrastructure, and government environmental policies. The market is projected to reach $128 million by 2024 and $183 million by 2031, with a compound annual growth rate (CAGR) of 5.12% [2]. Market Overview - The Japanese artificial turf market is primarily dominated by local companies such as Mizuno and Sumitomo Rubber, while international brands from China and Canada are gradually increasing their market share. The top five companies account for approximately 55% of the market revenue [2][7]. - Polyethylene (PE) based artificial turf currently holds about 70% of the market revenue, but there is a noticeable shift towards sustainable alternatives as environmental awareness increases [2][8]. Sales Channels - The B2B/direct sales channel, including government procurement and construction projects, represents about 70% of the market, while specialized stores and e-commerce channels are expanding to cater to individual consumers and small projects [2][9][13]. Future Industry Development - The future of the artificial turf industry will depend on two key factors: continuous advancements in turf manufacturing technology and the accelerated transition towards environmentally friendly solutions. These factors are expected to reshape industry standards and competitive dynamics, driving the industry towards a more sustainable direction [3].

证券代码：605099 证券简称：共创草坪 公告编号：2025-032 江苏共创人造草坪股份有限公司 关于 2024 年股票期权与限制性股票激励计划 首次授予第一个行权期行权条件及第一个限售期解 除限售条件成就的公告 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： ? 第一个行权期符合行权条件的激励对象为 113 人，可行权股份数量为 象定向发行公司 A 股普通股股票。 ? 第一个解除限售期符合解除限售条件的激励对象为 13 人，可解除限售股 份数量为 432,965 股。 ? 本次股票期权行权与限制性股票解除限售事宜尚需向有关机构申请办理 相关手续后方可行权和解除限售。 江苏共创人造草坪股份有限公司（以下简称"公司"）于 2025 年 7 月 29 日召 开第三届董事会第九次会议、第三届监事会第九次会议，审议通过《关于 2024 年 股票期权与限制性股票激励计划首次授予第一个行权期行权条件及第一个限售 期解除限售条件成就的议案》，现将有关事项说明如下： 一、2024 年股票期权与限制性股票激励计划批准及 ...

Core Viewpoint - The company has announced adjustments to the stock option exercise price and the repurchase price of restricted stock under its 2024 stock option and restricted stock incentive plan, following the approval of its board of directors [1][8]. Group 1: Decision Process and Disclosure - The company held its third board meeting on July 29, 2025, where it approved the adjustments to the stock option exercise price and repurchase price [1]. - The incentive plan has undergone necessary decision-making procedures and information disclosures, including verification by the supervisory board [2][3]. Group 2: Adjustments to Prices - The adjustment of the stock option exercise price is calculated as follows: P = P0 - V, where P0 is the original exercise price, and V is the cash dividend per share. The new exercise price is set at 16.04 yuan per share after a dividend adjustment [7][8]. - The repurchase price for restricted stock is similarly adjusted to 9.17 yuan per share, following the same formula [8]. Group 3: Impact and Compliance - The adjustments are in compliance with the relevant regulations and will not materially affect the company's financial status or operating results [8]. - The supervisory board has confirmed that the adjustments do not harm the interests of shareholders and are within the authorized scope of the second extraordinary general meeting of 2024 [8][9]. Group 4: Legal Opinions - The legal opinion from Beijing Dacheng (Nanjing) Law Firm confirms that the adjustments and related actions have received necessary authorizations and comply with applicable regulations [9].

Core Viewpoint - Jiangsu Gongchuang Artificial Turf Co., Ltd. has announced the implementation of a stock option and restricted stock incentive plan for 2024, allowing for the first exercise period to adopt a self-exercise model [1][3]. Summary by Sections Incentive Plan Details - The stock option incentive plan was approved during the third board meeting on July 29, 2025, following the authorization from the second extraordinary general meeting of shareholders in 2024 [1]. - The first exercise period for the stock options will be from July 28, 2025, to 2026 [1]. - The total number of stock options available for exercise is 921,873 [1]. - The number of eligible participants for the exercise is 113 [1]. - The adjusted exercise price is set at 16.04 yuan per option [1]. - The stock will be sourced from the issuance of A-shares to the incentive participants [1]. Exercise Conditions - The exercise of options can only occur on trading days and is restricted during specific periods, including 15 days prior to the announcement of annual and semi-annual reports, and 5 days prior to quarterly reports [2]. - The company will disclose changes in incentive participants, adjustments to important parameters of stock options, and the status of self-exercise in regular or temporary reports [2]. Participant Information - The eligible participants include middle management and key technical (business) personnel, with the total number of options representing 27.44% of the total options granted and 0.23% of the total share capital [2].

Group 1 - The company held its third board meeting on July 29, 2025, with all seven directors present, and the meeting was conducted in accordance with relevant laws and regulations [1] - The board approved the adjustment of the stock option exercise price to 16.04 yuan per share and the repurchase price of restricted stock to 9.17 yuan per share, following the completion of the 2024 equity distribution on June 6, 2025 [2] - The board also approved the repurchase and cancellation of certain restricted stocks and stock options due to the disqualification of some incentive targets resulting from resignation or unmet performance targets [3] Group 2 - The company confirmed that the conditions for the first exercise period and the first release period of the stock option incentive plan have been met, allowing 113 eligible incentive targets to proceed with the exercise of stock options and the release of restricted stocks totaling 432,965 shares [3][4]

Summary of Conference Call Industry Overview - The domestic sports turf market is benefiting from policies aimed at revitalizing the football economy, leading to a more than 20% year-on-year increase in artificial turf orders, with significant delivery volume growth expected in Q3 2025 [2][3] - The demand for domestic sports turf is projected to grow by over 20% in 2025, driven by the construction of sports venues and football fields [2][11] Company Insights - The company has terminated its IPO, which is expected to have a long-term negative impact on itself and the industry, although it has been able to increase its market share by approximately 2% last year, continuing this trend into the current year [2][6] - Raw material prices have shown a downward trend, positively impacting the company's performance in the first half of the year, with revenue growth outpacing sales growth [2][7] - The company’s orders are expected to grow overall in Q2 2025, primarily driven by the European and American markets, while the Asia-Pacific region's growth is limited due to the Israel-Palestine conflict [2][8] Market Dynamics - The artificial turf market is currently in a growth phase, with significant demand driven by sports events and government initiatives to promote football [3] - The majority of football fields use artificial turf, while natural grass is typically reserved for official matches [4][5] - The company’s sales strategy focuses on B2B sales through wholesalers and supermarkets, with no direct engagement in government projects [10] Competitive Landscape - The termination of the IPO by a competitor has created a more favorable competitive landscape for the company, allowing for potential market share and price improvements [6][16] - Domestic competition primarily comes from smaller companies in the light industry manufacturing sector, with limited market impact [9] Financial Performance - The company has seen a stable demand for both leisure and sports turf products, with the leisure turf expected to grow by over 20% this year due to increased penetration and application scenarios [4][21] - The company’s gross margin has improved, and it is expected to maintain a good level, particularly with the recent decline in raw material prices [16] Future Outlook - The company plans to focus on fully utilizing the newly built capacity in Vietnam without significant capital expenditure in the short term [14] - The company assesses that even with potential increases in U.S. tariffs, it can maintain a cost advantage over domestic U.S. manufacturers [15] - The demand for sports turf is anticipated to be strong in Q3 2025, with good order conditions expected [21] Additional Insights - The U.S. market is heavily dominated by Chinese companies, which hold approximately 80% to 90% market share, while local U.S. companies have a minimal presence [19] - The company’s product structure has shifted towards higher-priced orders from the European and American markets [17]

Group 1 - The stock of Gongchuang Turf (605099) fell by 9.56% today, with a turnover rate of 5.08% and a trading volume of 834 million yuan, showing a fluctuation of 9.01% [2] - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to a daily price deviation of -9.90%, with a net sell-off of 14.83 million yuan from the Shanghai-Hong Kong Stock Connect [2] - The top five trading departments on the list had a total transaction amount of 155 million yuan, with a buying amount of 51.62 million yuan and a selling amount of 103 million yuan, resulting in a net sell-off of 51.72 million yuan [2][3] Group 2 - In the past six months, the stock has appeared on the "Dragon and Tiger List" five times, with an average price increase of 5.01% the day after being listed and an average increase of 20.23% in the following five days [3] - The stock experienced a net outflow of 97.77 million yuan in main funds today, with a significant outflow of 84.91 million yuan from large orders and 12.86 million yuan from medium orders, totaling a net outflow of 199 million yuan over the past five days [3] - The company's Q1 report released on April 28 showed a revenue of 793 million yuan, a year-on-year increase of 15.27%, and a net profit of 156 million yuan, a year-on-year increase of 28.73% [3]