Core Viewpoint - The company, 德马科技 (688360.SH), has won a bid for a smart logistics project from a well-known e-commerce giant in Latin America, with a contract value of approximately $40.87 million (around 290 million RMB) [1] Group 1 - The project involves providing a smart logistics cross-belt sorting system and related services, which falls within the company's main business operations [1] - This successful bid marks a significant step in the company's "globalization layout" process [1] - If the formal contract is signed and executed smoothly, the project is expected to have a positive impact on the company's operating performance during the contract execution period [1]

Core Viewpoint - The company, 德马科技 (DeMa Technology), has won a bid for a smart logistics project from a well-known e-commerce giant in Latin America, with a contract value of approximately $40.87 million (around 290 million RMB) [1] Group 1: Project Details - The project involves providing a smart logistics cross-belt sorting system and related services, which falls within the company's main business operations [1] - This bid win signifies a solid step forward in the company's "globalization layout" process [1] Group 2: Financial Impact - If the project contract is formally signed and executed smoothly, it is expected to have a positive impact on the company's operating performance during the contract execution period [1]

Core Viewpoint - DeMa Technology (688360.SH) has won a bid for a smart logistics project from a well-known e-commerce giant in Latin America, with a contract value of approximately $40.87 million (around 290 million RMB) [1] Group 1: Project Details - The project involves the provision of a smart logistics cross-belt sorting system and related services [1] - This project falls within the company's main business operations and signifies a solid step in its "globalization layout" process [1] Group 2: Financial Impact - If the project contract is formally signed and executed smoothly, it is expected to have a positive impact on the company's operating performance during the contract execution period [1]

Core Viewpoint - 德马科技 has won a contract for an intelligent logistics project with a well-known e-commerce giant in Latin America, with a project value of approximately 2.9 billion RMB [1] Group 1: Project Details - The project involves providing an intelligent logistics cross-belt sorting system and related services [1] - The contract amount is 4,086.99 million USD, equivalent to about 2.9 billion RMB [1] Group 2: Business Impact - This project falls within the company's main business operations and is expected to have a positive impact on the company's operating performance if the formal contract is signed and executed smoothly [1] - There is uncertainty regarding the timing of the formal contract signing and the fulfillment arrangements [1]

Financial Performance - The company reported total revenue of 543 million yuan for the first half of 2025, a year-on-year decrease of 18.97% [1] - The net profit attributable to shareholders was 62.35 million yuan, down 20.05% year-on-year [1] - In Q2, total revenue was 323 million yuan, reflecting a 28.61% decline compared to the same period last year [1] - Q2 net profit attributable to shareholders was 29.82 million yuan, a decrease of 38.49% year-on-year [1] - The gross margin was 23.68%, an increase of 5.88% year-on-year, while the net margin was 11.5%, down 1.14% year-on-year [1] Financial Ratios and Metrics - The company's accounts receivable were significantly high, with accounts receivable to net profit ratio reaching 1370.32% [1][2] - The return on invested capital (ROIC) for the previous year was 3.43%, indicating weak capital returns [2] - The historical median ROIC since the company went public is 9.95%, suggesting better investment returns in the past [2] - The net profit margin for the previous year was 3.49%, indicating low added value for products or services [2] Cost Structure and Cash Flow - Total selling, administrative, and financial expenses amounted to 44.59 million yuan, accounting for 8.21% of revenue, which is a 19.31% increase year-on-year [1] - The company’s cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 43.81% and the average operating cash flow to current liabilities ratio at 11.54% over the past three years [2] - Earnings per share (EPS) was 0.21 yuan, down 20.07% year-on-year [1]

Core Points - The article outlines the implementation details of the cumulative voting system for the election of directors in Nanjing Yinfly Storage Equipment (Group) Co., Ltd, aiming to enhance corporate governance and protect the rights of minority shareholders [2][3]. Group 1: General Provisions - The cumulative voting system allows shareholders to allocate their voting rights across multiple director candidates, with the total votes equal to the number of shares held multiplied by the number of directors to be elected [2]. - The term "directors" includes both independent and non-independent directors [3]. - The chairman of the meeting must inform shareholders about the cumulative voting method before the election [3]. Group 2: Nomination of Director Candidates - The board of directors and shareholders holding more than 3% of the issued shares can nominate non-independent director candidates, while those holding more than 1% can nominate independent candidates [2][3]. - Nominators must obtain consent from the nominees before making nominations [3]. - Nominees are required to submit detailed personal information and commit to fulfilling their duties if elected [3]. Group 3: Voting and Election of Directors - The voting process involves calculating the cumulative votes, and any disputes regarding the results must be resolved immediately [4]. - Independent and non-independent directors are elected separately to ensure compliance with the company's articles of association [4]. - A candidate must receive more than half of the valid votes from attending shareholders to be elected; if not, a second round of voting is required [5].

Core Points - The company has established a Compensation and Assessment Committee to enhance the management of compensation and performance evaluation for directors and senior management [1][2] - The committee consists of three members, with two being independent directors, and is responsible for formulating assessment standards and compensation policies [1][3] - The committee's main responsibilities include developing compensation plans, reviewing performance evaluations, and supervising the execution of compensation systems [3][4] Composition - The committee is composed of three directors, with a majority being independent directors [2] - The chairperson of the committee is elected from among the independent directors [2] Responsibilities and Authority - The committee is tasked with creating compensation plans based on the roles and responsibilities of directors and senior management [3] - It conducts annual performance evaluations and supervises the implementation of compensation policies [3][4] - Recommendations made by the committee regarding compensation must be approved by the board and submitted for shareholder review [3][4] Decision-Making Procedures - The committee meetings are held at least once a year, with a quorum of two-thirds of the members required for decisions [5][6] - Decisions are made through voting, and meeting records must be maintained for ten years [6][7] Miscellaneous - The committee's guidelines will be effective upon approval by the board and will be interpreted by the board [9]

General Provisions - The company establishes a Board Strategic Committee to enhance core competitiveness and improve decision-making quality for major investments [1][2] - The committee is responsible for researching long-term development strategies and major investment decisions [1][2] Composition of the Committee - The Strategic Committee consists of three directors, including at least one independent director [3] - The chairman of the committee is the company's chairman [3] Responsibilities and Authority - The committee's main responsibilities include researching long-term strategic planning, major investment financing proposals, and other significant matters affecting the company [8][9] - The committee is accountable to the Board and submits proposals for Board review [9] Decision-Making Procedures - The Board Office prepares necessary materials for the committee's decision-making process [10] - The committee discusses formal proposals in meetings and submits results to the Board [11] Meeting Rules - The committee can hold regular or irregular meetings, requiring a two-thirds attendance for validity [12][13] - Decisions are made by majority vote, and meetings can be conducted in person or via communication methods [14][15] Confidentiality and Record Keeping - Committee members have confidentiality obligations regarding meeting discussions [20] - Meeting records must be kept for ten years by the Board Secretary [18] Implementation and Amendments - The work rules take effect upon Board approval and can be amended accordingly [22][23]

Core Viewpoint - The article outlines the establishment and operational guidelines of the Nomination Committee of Nanjing Yinfly Storage Equipment (Group) Co., Ltd, aimed at optimizing the board composition and enhancing corporate governance [1][2]. Group 1: General Provisions - The Nomination Committee is established to regulate the selection of directors and senior management, ensuring compliance with relevant laws and the company's articles of association [1]. - The committee is responsible for formulating selection criteria and procedures for directors and senior management, as well as reviewing and recommending candidates [1][2]. Group 2: Composition of the Committee - The committee consists of three directors, including two independent directors [2]. - The members are nominated by the chairman, a majority of independent directors, or one-third of all directors, and elected by the board [2]. Group 3: Responsibilities and Authority - The committee is tasked with proposing nominations or dismissals of directors and hiring or firing senior management [2][3]. - If the board does not fully adopt the committee's recommendations, it must document the reasons for non-adoption in its resolutions [3]. Group 4: Decision-Making Procedures - The committee must research the qualifications and selection processes for directors and senior management, and submit its decisions to the board for approval [3]. - The selection process includes gathering candidates' information, obtaining their consent, and conducting qualification reviews [3]. Group 5: Meeting Rules - The committee meetings can be held regularly or irregularly, with a requirement for at least two-thirds of members to be present for decisions [5]. - Decisions are made by majority vote, and meetings can be conducted in person or via communication methods [5][6]. Group 6: Confidentiality and Record Keeping - Members are bound by confidentiality regarding meeting discussions and decisions [6]. - Meeting records must be maintained for ten years, signed by attendees, and submitted to the board [6].

Core Points - The document outlines the working system for independent directors' special meetings at Nanjing Yinfly Storage Equipment (Group) Co., Ltd, aiming to enhance corporate governance and the role of independent directors [1][6] - Independent directors are defined as those who do not hold other positions in the company and have no direct or indirect interests that could affect their independent judgment [1][2] Group 1 - The company is required to hold independent directors' special meetings regularly, with at least one meeting annually, and can be called by more than half of the independent directors [2][6] - Meetings should ideally be held in person, but can also be conducted via video or phone, ensuring all independent directors can communicate effectively [2][3] - Decisions made in these meetings require a majority vote from all independent directors present [3][4] Group 2 - Independent directors can delegate their voting rights to another independent director if they cannot attend, provided an authorization letter is submitted [3][4] - Certain matters, such as related party transactions and changes in commitments, must be discussed and approved in these special meetings before being submitted to the board [4][5] - Independent directors have the authority to hire external consultants for audits or consultations, which must also be disclosed by the company [4][5] Group 3 - The company must ensure that independent directors have access to necessary operational information and support for their duties [5][6] - Independent directors are obligated to maintain confidentiality regarding the matters discussed in the meetings [5][6] - An annual report summarizing the independent directors' activities, including special meeting outcomes, must be submitted to the shareholders' meeting [6][8]