湖南科力远新能源股份有限公司 第八届董事会独立董事专门会议 根据《上市公司独立董事管理办法》、《上海证券交易所股票上市规则》、 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，湖 南科力远新能源股份有限公司（以下简称"公司"） 独立董事于 2025 年 5 月 第八届董事会第十五次会议审议的部分事项进行了审核，并发表审核意见如下： 一、关于调整 2025 年股票期权激励计划相关事项 本次调整符合《上市公司股权激励管理办法》、《2025 年股票期权激励计 划（草案）》（以下简称"本激励计划"）的相关规定，本激励计划相关事项的 调整不存在损害公司及全体股东利益的情况，不会对公司的财务状况和经营成果 产生实质性影响，也不会影响公司团队的勤勉尽职。 综上，我们一致同意关于调整 2025 年股票期权激励计划的相关内容，并提 交公司董事会审议，审议时关联董事应回避表决。 二、关于向激励对象首次授予股票期权的事项 本次调整后的 153 名激励对象符合公司本激励计划规定的激励对象范围，其 作为公司本激励计划激励对象的主体资格合法、有效。激励对象获授权益的条件 已成就。 综上，我们一致同意向激励对象首次 ...

今年以来，A股定向增发(以下简称"定增")市场活跃度显著提升，公募机构作为重要参与者，以近百亿 元资金规模深度布局，截至5月21日收盘，整体浮盈率超16%，逾八成公募机构实现正向收益。 财通基金管理有限公司(以下简称"财通基金")相关人士在接受《证券日报》记者采访时表示，在政策推 动下，保险资管、银行理财与公募基金同步参与定增，越来越多的机构参与也将为定增投资者带来多样 化、专业化投资策略，有利于投资者通过此类专业产品和策略，在政策与产业共振中捕捉结构性机会。 18家公募机构实现浮盈 2025年定增市场活跃度提升，与监管部门持续释放的政策红利密切相关。去年发布的"并购六条"明确鼓 励上市公司综合运用股份、定向可转债、现金等支付工具实施并购重组。与此同时，《关于推动中长期 资金入市工作的实施方案》进一步打通中长期资金入市卡点堵点，"允许公募基金、商业保险资金、基 本养老保险基金、企(职)业年金基金、银行理财等作为战略投资者参与上市公司定增"。在业内人士看 来，这使得公募机构与上述机构实现"同权参与"，形成多元化资金供给格局。 "政策端对定增市场的支持体现在两个维度：一是通过并购重组规则优化，提升定增标的的战略价 ...

Core Viewpoint - The company conducted a self-examination regarding the trading activities of insiders related to the 2025 stock option incentive plan, confirming no insider trading occurred during the self-examination period [1][2]. Group 1: Self-Examination Overview - The company held meetings on April 21, 2025, to review the draft of the 2025 stock option incentive plan and related proposals [1]. - The self-examination period covered the six months prior to the public disclosure of the incentive plan [1]. Group 2: Findings on Trading Activities - Five individuals involved in the self-examination were found to have traded the company's stock during the self-examination period, while others did not engage in any trading [2]. - The trading activities of the five individuals were based on their own analysis of the secondary market and were not influenced by any insider information regarding the incentive plan [2]. Group 3: Conclusion - The company concluded that there was no evidence of insider information leakage or insider trading related to the 2025 stock option incentive plan during the self-examination period [2].

Market Overview - The recent US-China talks exceeded market expectations, leading to a significant surge in the Hang Seng Index by 2.98% with trading volume reaching 322.4 billion [1] - The ceasefire agreement between India and Pakistan has positively impacted both countries' stock markets, with Pakistan's KSE-30 index soaring by 9.2%, marking its largest increase since 2008 [1] US-China Trade Relations - The US announced a suspension of a 24% tariff set to take effect on April 2, 2025, while maintaining a 10% tariff, effectively reducing the overall tariff on Chinese goods from 145% to 30% [2] - This significant concession from the US is attributed to several factors, including the need to replenish dwindling inventories and the urgency to achieve results ahead of the upcoming elections [3] Sector Performance - The consumer electronics sector, particularly companies within Apple's supply chain, benefited the most from the tariff reductions, with stocks like Highway Electronics and AAC Technologies rising over 13% [4] - Automotive parts suppliers with significant North American business exposure, such as Minth Group and Quanfeng Holdings, saw stock increases of nearly 10% [4] Financial Sector Response - Major financial institutions, including Hongye Futures and CITIC Securities, experienced stock price increases of over 6%, reflecting positive market sentiment following the trade talks [5] Individual Company Highlights - Midea Group reported a record revenue of 128.4 billion yuan in Q1 2025, a 20.61% year-on-year increase, and plans to enhance its overseas presence through strategic partnerships [10] - The company is also making strides in the commercial air conditioning sector and aims to expand its robotics division with new product testing scheduled for May [11] International Relations and Infrastructure - Brazilian President Lula's visit to China aims to strengthen bilateral relations and discuss infrastructure projects, including a railway connecting Brazil to China, which could reshape international trade logistics [8]

Core Points - The company announced the public disclosure of the 2025 stock option incentive plan and the list of incentive objects [1][2] - The public disclosure period is from April 22, 2025, to May 1, 2025, and feedback can be provided through various channels [2] - The supervisory board confirmed that no objections were received during the public disclosure period [2] Disclosure Details - The public disclosure included the names and positions of the incentive objects [2] - The disclosure was made on the company's official website [2] - The supervisory board recorded any feedback received during the disclosure period [2] Verification Process - The supervisory board verified the list of incentive objects, their identification documents, and their employment contracts with the company [2] - The verification confirmed that the incentive objects meet the qualifications set forth in relevant laws and regulations [3] - The incentive objects include company directors, senior management, and other core personnel, excluding independent directors and major shareholders [2][3]

Group 1: Company Performance and Shareholder Concerns - The company's controlling shareholder, with state-owned background, has seen a significant decline in performance since taking control, failing to fulfill commitments regarding share increases [1] - The controlling shareholder currently holds 6.38% voting rights, raising concerns about governance and long-term development [2] - The company reported a Q1 2025 revenue of 20,518.29 million CNY and a net profit attributable to shareholders of 251.22 million CNY [3] Group 2: Market and Industry Outlook - The performance of the new energy sector has been under pressure, but there is optimism due to national industrial policy support [2] - The company plans to enhance its domestic wind and solar storage project conversion rates and expand overseas markets [3] - The establishment of a wholly-owned subsidiary in Vietnam aims to mitigate risks from trade wars and create new growth opportunities [2] Group 3: Future Strategies and Growth Points - The company is focused on improving its fundamentals and may consider mergers and acquisitions to boost profits [2] - There is a commitment to leveraging external resources for rapid expansion in new sectors [3] - The company aims to maintain its competitive edge by consolidating its core business while exploring new business opportunities [3]

Core Viewpoint - The accounting policy change by Hunan Keli Yuan New Energy Co., Ltd. is in accordance with the relevant accounting standards issued by the Ministry of Finance of the People's Republic of China and will not have a significant impact on the company's financial status, operating results, or cash flow [2][6]. Summary by Sections Overview of the Accounting Policy Change - The change is based on the issuance of "Interpretation No. 17 of the Enterprise Accounting Standards" by the Ministry of Finance on October 25, 2023, which will be implemented starting January 1, 2024 [3]. - Additionally, "Interpretation No. 18 of the Enterprise Accounting Standards" was issued on December 6, 2024, allowing for early adoption from the date of issuance, also effective from January 1, 2024 [3]. Previous Accounting Policies - Prior to the change, the company followed the basic principles of the Enterprise Accounting Standards and various specific accounting standards, guidelines, and interpretations issued by the Ministry of Finance [4]. New Accounting Policies - After the change, the company will implement the relevant provisions of Interpretation No. 17 and Interpretation No. 18, while other unaltered parts will continue to follow the previously issued accounting standards [5]. Impact of the Accounting Policy Change - The change is a reasonable adjustment in line with the Ministry of Finance's requirements and is expected to reflect the company's financial status and operating results more objectively and fairly [6]. - The change does not involve retrospective adjustments and will not significantly affect the company's financial status, operating results, or cash flow, ensuring no harm to the interests of the company and its shareholders [6].

Market Overview - The A-share market continues to show a mixed trend, with the three major indices fluctuating and trading volume remaining above 1 trillion yuan [1][2] - As of the market close, the Shanghai Composite Index stood at 3297.29 points, with a slight increase of 0.03%, while the Shenzhen Component Index fell by 0.58% to 9878.32 points, and the ChiNext Index decreased by 0.68% to 1935.86 points [2] Sector Performance - The electricity sector performed notably well, with a rise of 2.13%, driven by the approaching summer peak electricity demand and favorable policies such as the implementation of the "Basic Rules for Electricity Market Operation" in July [3] - The pet economy sector also showed strong performance, with companies like Tianyuan Pet reaching a 20% limit-up, driven by increasing consumer demand and changing pet ownership trends [3] Adjustment Factors - The market adjustment is influenced by various complex factors, including a downward revision of global economic growth forecasts by the IMF from 3.3% to 2.8% for this year, and geopolitical uncertainties affecting market risk appetite [4] - Certain previously high-performing sectors, such as semiconductors and new energy, are experiencing profit-taking due to disappointing earnings or overvaluation, leading to a pullback in stock prices [4] - A decrease in trading volume indicates a tight market liquidity situation, which is limiting the upward potential of the market [4]

文/李悦 2025年4月初，一场由美国单方面挑起的关税风暴席卷全球，且战争似才开场。政策制定者面临诸 多难题，内需能否抵御外需压力、关税战长期化有哪些储备工具等成关注焦点。 资本市场上，危机在全球蔓延。美股动荡、美债遭抛售、美元指数创新低，资金涌入致黄金价格屡创 新高，市场正在以脚投票的方式表达对美国的信任危机。而中国资本市场展现韧性，A股在4月7 日"黑色星期一"后持续反弹，期间上证指数累计涨幅超6%。 "关税战"走向不明，投资者决策困局重重。美股跌到底了吗？黄金的强劲走势是否还能持续？A股命 运又将如何？哪些资产可能成为新一代"硬通货"？ 围绕上述问题，和讯网对话清华大学国家金融研究院院长、五道口金融学院副院长田轩。 田轩表示，特朗普的关税政策使美国经济不确定性增加，资金逃离美国资产是合理避险，开始寻求新 的避险港湾。若关税战持续，黄金、稀有金属、优质房地产、高信用评级债券和国债等将成为"硬通 货"。 谈及A股，他认为长期来看，A股处于估值低位，受科技创新和内需扩大的双重驱动将稳健向上，科 技、新能源等新兴产业板块配置价值高。 01 关税博弈从贸易摩擦转向战略对抗 和讯网：您判断关税战会长期存在吗？若长期 ...

Core Viewpoint - The article discusses the "rosy retrospection" phenomenon, where individuals tend to remember the past more positively than it actually was, especially when dissatisfied with their current lives. This leads to a romanticized view of past opportunities and a misunderstanding of the challenges faced by previous generations [1][2]. Group 1: Perception of Past Opportunities - The "rosy retrospection" effect is particularly pronounced when individuals face pressures in their current lives, leading them to idealize their childhood and the perceived opportunities of past decades [2]. - There is a narrative among older generations that suggests younger people are not working hard enough, while simultaneously, some individuals adopt a more favorable stance towards the younger generation, arguing that past successes were due to easier circumstances [2][3]. Group 2: Survivor Bias and Historical Context - The article highlights that true opportunities in any era are not evenly distributed, and the so-called "era dividends" are often a product of survivor bias, where only the successful stories are told [5]. - Historical examples, such as the entrepreneurial successes of the 1980s and 1990s, are contrasted with the reality that many individuals faced significant hardships and low survival rates in their ventures during those times [5][7]. Group 3: Individual Efforts vs. Era Influence - While acknowledging the impact of the era on personal development, the article emphasizes that the majority of individuals do not benefit from the same opportunities, with a significant percentage of contemporaries experiencing failure [10]. - The narrative that success is solely due to favorable times overlooks the personal efforts and sacrifices made by individuals, which are crucial for achieving success [14]. Group 4: Current Opportunities and Future Outlook - The article notes that despite challenges in the current job market, there are still significant opportunities, particularly in emerging sectors like AI and renewable energy, where younger individuals are actively participating [11]. - It encourages a mindset shift from viewing the past as a golden age to recognizing that every era has its unique challenges and opportunities, and that success requires adaptation and innovation [12][15].