一、珠海市宏观经济分析 珠海，广东省省辖市，中国最早实行对外开放的经济特区之一。区位优越，濒临南海，东与香港水路相 距36海里，南与澳门陆地相连，港珠澳大桥通车后，珠海成为内地唯一与香港、澳门陆路相连的城市。 珠海是我国重要的口岸城市，设有拱北、横琴、青茂、港珠澳大桥珠海公路、珠澳跨境工业区5个陆运 口岸，九洲港、湾仔港轮渡客运、珠海港、斗门港、万山港5个水运口岸，共10个国家一类口岸，是仅 次于深圳的中国第二大口岸城市。近年来，珠海市经济实力不断提升，经济总量持续扩大，2024 年珠 海实现地区生产总值4479.06 亿元，比上年增长3.5%。其中，第一产业增加值 73.61亿元，比上年增长 3.5%，对地区生产总值增长的贡献率为 1.47%；第二产业增加值1904.93 亿元，增长4.9%，对地区生产 总值增长的贡献率为59.34%；第三产业增加值2500.52 亿元，增长 2.4%，对地区生产总值增长的贡献率 为39.19%。三次产业的比例为 1.64∶42.53∶55.83。人均地区生产总值 17.87 万元，比上年增长2.6%。 内容概要：珠海，广东省省辖市，中国最早实行对外开放的经济特区之一。近年 ...

Group 1 - The core viewpoint of the news highlights that Zhengxian Electric achieved a revenue of 96.8962 million yuan in Q1 2025, representing a year-on-year growth of 17.41%, and a net profit increase of 13.32%, driven by new industry client expansion and synergies from the acquisition of Tenghe Motor [1] - The gross margin and net margin remained stable year-on-year due to effective cost control and product structure optimization [1] - The company's controller products have a small market share, primarily used in packaging machinery and hardware processing, serving a diverse range of clients from small to large enterprises [1] Group 2 - Zhengxian Electric's overseas business is concentrated in Southeast Asia, South Asia, the Middle East, Africa, and the CIS, with minimal impact from foreign exchange fluctuations [1] - The main control chips and IGBTs have achieved a high level of domestic production, ensuring supply chain security and controllability [1] - Tenghe Motor focuses on servo motors, which will deeply integrate with Zhengxian Electric's business in the future, enhancing the capability of servo system solutions [1]

据《证券日报》记者梳理，今年上半年，险资（包括保险公司和保险资管公司）合计调研A股公司9335 次，同比下降22%，绿色能源、数字经济、高端制造等新质生产力领域的上市公司受到重点关注。 受访专家表示，险资重点关注的领域，符合国家长期发展战略方向，具有较高成长潜力，且在未来有较 大的市场需求和发展空间，符合险资作为中长期资金对长期价值增长的偏好。 具体来看，保险公司上半年合计调研4233次。其中，养老险公司的调研积极性尤为突出，位列前5名的 平安养老保险股份有限公司、长江养老保险股份有限公司、中国人寿养老保险股份有限公司、太平养老 保险股份有限公司、中国人民养老保险有限责任公司，分别调研319次、275次、256次、243次、175 次。 就险资重点关注的行业特点，盘古智库（北京）信息咨询有限公司高级研究员江瀚向《证券日报》记者 表示，险资主要关注的行业如工业机械、电子元件等，都属于技术密集型产业，具有较高的成长潜力和 创新驱动能力。同时，这些行业普遍位于产业链中上游，对于推动产业技术升级和结构优化有着至关重 要的作用 在前海开源基金首席经济学家杨德龙看来，险资是A股重要的机构投资者，上半年其在A股调研次数较 ...

Core Viewpoint - The company has implemented a special talent stock ownership plan for 2025, which was approved by the board and shareholders, aiming to enhance employee engagement and retention through equity participation [1][2]. Group 1: Special Talent Stock Ownership Plan - The company held meetings on April 23, 2025, and May 15, 2025, to approve the special talent stock ownership plan and its management measures [1]. - The plan allows for the purchase of company shares at an adjusted price of 49.39 yuan per share, down from 71.54 yuan per share, while maintaining a funding scale of 53 million yuan [2]. - The number of shares involved in the plan has been adjusted from approximately 740,800 shares to about 1,073,100 shares [2]. Group 2: Participation and Funding - A total of 29 employees participated in the initial grant of the stock ownership plan, contributing a total of 35,676,767.90 yuan, which corresponds to 722,348 shares [2]. - The shares were sourced from the company's repurchased stock held in a dedicated account [2][3]. Group 3: Plan Duration and Unlocking Mechanism - The duration of the stock ownership plan is set for 60 months, with a minimum holding period of 12 months from the date of transfer [3]. - The unlocking of shares will occur in three phases: 40% after 12 months, 30% after 24 months, and the remaining 30% thereafter, subject to performance requirements [3].

Audit Opinion - The audit report states that the financial statements of Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. fairly reflect the financial position as of December 31, 2024, and March 31, 2025, as well as the operating results and cash flows for the year 2024 and the first quarter of 2025 [1][2]. Basis for Audit Opinion - The audit was conducted in accordance with Chinese Certified Public Accountant auditing standards, ensuring independence and adherence to professional ethics [2][3]. - Sufficient and appropriate audit evidence was obtained to support the audit opinion [2]. Management and Governance Responsibilities - The management is responsible for preparing financial statements in accordance with accounting standards and maintaining internal controls to prevent material misstatements due to fraud or error [2]. - The governance body oversees the financial reporting process [2]. Auditor Responsibilities - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error [2][3]. - The auditor evaluates the appropriateness of accounting policies and estimates made by management [3]. Financial Statements Overview - The financial statements include the balance sheet, income statement, cash flow statement, and changes in equity, with detailed notes provided [1][7]. - The company reported current assets of approximately 593.93 million RMB and non-current assets of approximately 91.59 million RMB as of March 31, 2025 [4][5]. Financial Performance - The company reported a net loss of approximately 196.63 million RMB for the year 2024, compared to a net loss of approximately 480.92 million RMB for the first quarter of 2025 [5][6]. - The total revenue for the year 2024 was approximately 1.43 billion RMB, with operating costs amounting to approximately 831.35 million RMB [5][6]. Cash Flow Analysis - Cash inflows from operating activities totaled approximately 11.67 million RMB, while cash outflows amounted to approximately 11.61 million RMB for the first quarter of 2025 [6][7]. - The company reported a cash balance of approximately 593.93 million RMB as of March 31, 2025 [6][7]. Company Background - Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. was established on November 4, 2016, and is primarily engaged in engineering and technology research, as well as the sale of new energy vehicle components [7][8].

Core Viewpoint - Zhuhai Yingboer Electric Co., Ltd. plans to transfer its equity in Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd., necessitating an asset valuation report to determine the market value of the entire equity held by the shareholders as of March 31, 2025 [1][2]. Summary by Sections Company Overview - Zhuhai Yingboer Electric Co., Ltd. is a publicly listed company established on January 14, 2005, with a registered capital of 255.83 million yuan. The company specializes in manufacturing and selling power electronic components and electric vehicle accessories [2][3]. - Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. was established on November 4, 2016, with a registered capital of 129 million yuan. It is a wholly-owned subsidiary of Zhuhai Yingboer Electric Co., Ltd. [3][4]. Valuation Purpose and Methodology - The valuation aims to provide a market value reference for the equity transfer of Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. The valuation employs the asset-based approach and income approach, focusing on the company's ongoing operations and market conditions [1][2][3]. - The assessment date for the valuation is set for March 31, 2025, and the valuation type is determined to be market value [1][2][3]. Financial Overview - As of the assessment date, the total assets of Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. are valued at 129.35 million yuan, with total liabilities of 0.1325 million yuan, resulting in a net asset value of 129.22 million yuan [2][3][4]. - The valuation report indicates a significant increase in the assessed value of non-current assets, with a total assessed value of 202.63 million yuan compared to a book value of 92.96 million yuan, reflecting an increase of 117.99% [2][3]. Valuation Results - The final assessed value of the entire equity held by shareholders in Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. is 238.90 million yuan, representing an increase of 109.68 million yuan and a growth rate of 84.88% [2][3]. - The valuation does not account for control premiums or discounts due to lack of control, nor does it consider the liquidity of the equity [2][3].

董事会关于公司 2025 年员工持股计划草案的合规性说明 深圳市豪鹏科技股份有限公司（以下简称"公司"）根据《中华人民共和国 公司法》 深圳市豪鹏科技股份有限公司 通过公司职工代表大会依法充分征求员工意见，亦不存在摊派、强行分配等方式 强制员工参加员工持股计划的情形。员工持股计划确定的持有人均符合相关法律 法规、规范性文件规定的条件，主体资格合法、有效。 （以下简称《公司法》）、 《中华人民共和国证券法》 （以下简称《证券法》）、 《关于上市公司实施员工持股计划试点的指导意见》（以下简称《指导意见》）、 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 （以下简称《规范运作》）等相关法律、法规及《公司章程》等有关规定，制定 《公司 2025 年员工持股计划（草案）》 （以下简称"本员工持股计划"），现对本 员工持股计划是否符合《指导意见》等相关规定说明如下： 《规范运作》等法律法规、规范性文件和《公司 章程》规定的禁止实施员工持股计划的情形，公司具备实施员工持股计划的主体 资格。 《规范运作》等有关法律 法规、规范性文件的规定，不存在损害公司及全体股东利益的情形。 规范性文件规定的持有 ...

深圳市豪鹏科技股份有限公司 第一章 总则 第一条 为规范深圳市豪鹏科技股份有限公司（以下简称"公司"）与关联 人之间发生的关联交易行为，提高公司规范运作水平，保护公司和全体股东的合 法利益，根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券 交易所股票上市规则》（以下简称《股票上市规则》）等法律法规以及规范性文 件和《深圳市豪鹏科技股份有限公司章程》（以下简称《公司章程》）的相关规 定，特制定本制度。 第二条 公司的关联交易应当遵循以下基本原则： 第二章 关联人及关联交易认定 第四条 公司的关联人包括关联法人（或者其他组织）和关联自然人。 第五条 具有下列情形之一的法人或者其他组织，为公司的关联法人（或者 其他组织）： （一）直接或者间接地控制公司的法人（或者其他组织）； （二）由前项所述法人（或者其他组织）直接或者间接控制的除公司及其控 股子公司以外的法人或者其他组织； （一）平等、自愿、等价、有偿的原则； （二）公平、公正、公开的原则； （三）不损害公司及非关联股东合法权益的原则； （四）关联股东及董事回避的原则。 第三条 公司的关联交易应当定价公允、决策程序合规、信息披露规范，保 证关联交易 ...

Core Points - The company has established a comprehensive external guarantee management system to regulate its guarantee behavior and control operational risks [1][2][3] - The decision-making bodies for external guarantees are the shareholders' meeting and the board of directors, requiring approval before any guarantees can be provided [1][2][3] - The company must disclose external guarantee matters promptly after board approval, with specific thresholds for shareholder approval based on the amount of the guarantee relative to the company's audited net assets [2][3][4] Summary by Sections General Provisions - The external guarantee refers to the company and its subsidiaries providing guarantees based on the principles of fairness, voluntariness, and mutual benefit [1] - The system is applicable to the company and its controlling subsidiaries [1] Approval Authority for External Guarantees - External guarantees must be approved by the board of directors and disclosed in a timely manner [2] - Specific conditions require shareholder meeting approval, such as guarantees exceeding 10% of the latest audited net assets or total guarantees exceeding 50% of the latest audited net assets [2][3] Related Party Guarantees - Guarantees provided to related parties must be approved by a majority of non-related directors and require shareholder meeting approval regardless of the amount [3] - If a related party is involved, they must provide counter-guarantees [3] Guarantee Application and Review Procedures - The investment and financing management department is responsible for receiving and reviewing guarantee applications, ensuring the creditworthiness of the guaranteed party [12][13] - The board secretary must conduct compliance reviews within three working days of receiving the application [15] Guarantee Contracts and Counter-Guarantee Contracts - Written contracts must be established for external guarantees, detailing the rights, obligations, and liabilities of all parties involved [19][20] - The investment and financing management department must manage and maintain all related documentation accurately [9][24] Daily Management and Risk Control of Guarantees - The investment and financing management department is tasked with the daily management of guarantees, including monitoring the financial status of guaranteed parties [25][26] - The company must take prompt action if a guaranteed party fails to meet their debt obligations [27] Disclosure of Guarantee Information - The company is required to disclose external guarantee information in accordance with relevant regulations and company bylaws [28][29] - Timely disclosure is mandated if a guaranteed party defaults or faces insolvency [32] Accountability - Violations of the guarantee management system may result in disciplinary actions against responsible individuals [34][35] - The company holds the right to pursue compensation for losses incurred due to unauthorized guarantees [36][37]

深圳市豪鹏科技股份有限公司 第一章 总则 第一条 为规范深圳市豪鹏科技股份有限公司（以下简称"公司"）财务 负责人的行为，提高公司财务工作质量，加强公司财务监督，健全公司内部监 控机制，保障公司规范运作和健康发展，根据《中华人民共和国公司法》《中 华人民共和国会计法》《中华人民共和国证券法》《深圳证券交易所股票上市 规则》等法律法规及《深圳市豪鹏科技股份有限公司章程》（以下简称《公司 章程》）等有关规定，制定本制度。 第二条 财务负责人是对公司财务、会计活动进行管理和监督的高级管理 人员。财务负责人对公司所有财务数据、财务报告的真实性、合法性、完整 性、及时性负责，向总经理、董事会及董事会审计委员会报告工作。 第三条 财务负责人必须按照国家有关法律、法规和制度，认真履行职 责，切实维护全体股东的利益。 第二章 任职资格和条件 第六条 财务负责人任职资格和条件如下： （一）具有高度的敬业精神，有良好的职业道德和职业操守，坚持原则， 遵纪守法，具有高度的责任心和团队合作意识，维护公司、投资者的利益，身 体健康，能胜任本职工作； （二）具有 5 年以上大中型企业全面财务管理工作经验，财务或会计专业 本科及以上学历， ...