无锡先导智能装备股份有限公司 独立董事工作制度（草案） （H 股发行并上市后适用） 第一章 总 则 第一条 为进一步完善无锡先导智能装备股份有限公司（以下简称"公司"） 治理结构，强化对内部董事和经理层的约束和激励，保护公司股东尤其是中小投 资者的相关利益，促进公司规范运作，保证独立董事履行职责，根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《上市公司独立董事管理办法》、《上市 公司治理准则》《香港联合交易所有限公司证券上市规则》（以下简称"《香港上 市规则》"）及《无锡先导智能装备股份有限公司章程》（以下简称"《公司章程》"） 等相关规定，制定本制度。 第二条 公司独立董事是指不在公司担任除董事外的其他职务，并与公司及 其主要股东、实际控制人不存在直接或间接利害关系，或者其他可能影响其进行 独立客观判断的关系的董事。 本制度中"独立董事"的含义与《香港上市规则》中"独立非执行董事"的 含义一致，独立董事须同时符合《香港上市规则》第 3.13 条要求的独立性。 独立董事须独立履行职责，不受公司及其主要股东、实际控制人等单位或者 个人的影响。公司独立董事原则上最多在三家境内上市公司（包括本公司）兼任 ...

无锡先导智能装备股份有限公司 董事会议事规则（草案） （H 股发行并上市后适用） 第一条 为进一步规范无锡先导智能装备股份有限公司（以下简称"公司"） 董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事 会规范运作和科学决策水平，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》《深圳证券交易所创业板股票上市规则》《香港 联合交易所有限公司证券上市规则》等相关法律、法规以及《无锡先导智能装备 股份有限公司章程》（以下简称"《公司章程》"）的规定，制订本规则。 第二条 董事会下设董事会办公室，处理董事会日常事务。 董事会秘书兼任董事会办公室负责人，保管董事会和董事会办公室印章。 第三条 董事会会议分为定期会议和临时会议。 董事会定期会议每年至少召开四次会议，由董事长召集，于会议召开 14 日 以前书面通知全体董事和监事。 第四条 董事会会议应当严格依照规定的程序进行。董事会应当按规定的时 间事先通知所有董事，并提供足够的资料。 在发出召开董事会定期会议的通知前，董事会办公室应当充分征求各董事的 意见，初步形成会议提案后交董事长拟定。 董事长在拟定提案前，应当视 ...

无锡先导智能装备股份有限公司 风险管理制度 一、 总则 1.1 为了进一步加强风险管理工作，建立规范、有效的风险管理体系，促进公司持续、健 康、稳定发展，根据公司股票上市地证券监管规则及《公司章程》的规定，结合公司实际情 况，特制定本制度。 1.2 公司开展风险管理工作旨在为实现以下目标提供合理保证： 1.2.1 将风险控制在与总体目标相适应并可承受的范围内； 1.2.2 实现公司内外部信息沟通的真实、可靠； 1.2.3 确保法律法规的遵循； 1.2.4 提高公司经营的效益及效率； 1.2.5 确保公司建立针对各项重大风险发生后的危机处理计划，使其不因灾害性风险或 人为失误而遭受重大损失。 1.3 本制度所称公司风险，指未来的不确定性对公司实现其经营目标的影响。 1.4 公司风险一般可分为战略风险、市场风险、运营风险、财务风险、法律风险等。 1.4.1 战略风险：包括宏观政策、经济风险、行业风险和并购风险等。 1.4.2 市场风险：包括商品价格风险、客户及供应商信用风险、利率风险等。 1.4.3 运营风险：包括安全生产风险、信息系统安全和人力资源风险等。 1.6 风险管理基本流程包括以下主要工作： 1.6.1 ...

Core Viewpoint - The company, XianDao Intelligent (300450), announced plans to issue shares overseas (H-shares) and apply for a listing on the main board of the Hong Kong Stock Exchange [1] Group 1 - The company intends to terminate its plan for issuing Global Depositary Receipts (GDR) and listing on the Swiss Stock Exchange [1]

Financial Performance - The company expects a net profit attributable to shareholders of 210 million RMB for 2024, a decrease of 88.17% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses is projected to be 300 million RMB, down 82.60% year-on-year[3] - The impact of non-recurring gains and losses on net profit is estimated to be approximately 90 million RMB[3] Market Challenges - The company faced pressure on performance due to a slowdown in domestic downstream market demand and delays in customer equipment acceptance[5] - Despite the challenges, the company reported a narrowing decline in revenue for the year, with overseas orders and revenue growing rapidly[6] Strategic Plans - The company plans to deepen its globalization strategy and expand overseas markets in 2025, benefiting from improved operating rates of domestic key customers[7] - The company aims to enhance product and service quality while accelerating equipment acceptance and payment collection[7] - There will be a continued focus on R&D for new technologies, products, and processes, particularly in solid-state batteries and smart equipment fields[7] Cash Flow Expectations - The company anticipates improved operating cash flow in Q4 2024, with reduced impairment losses compared to the same period last year[6] Investor Guidance - Specific financial data for 2024 will be disclosed in the annual report, and investors are advised to make cautious decisions[8]

Core Viewpoint - The company has clarified that recent personnel adjustments are part of normal operational management and not indicative of any underlying issues. Group 1: Personnel Adjustments - The company stated that the recent large-scale personnel adjustments are a normal iteration process [1] - Employees who are unwilling to accept the adjustments and choose to terminate their contracts early are being engaged in negotiations to ensure their legal rights are protected [2] - The company emphasized that dynamic adjustments in personnel positions are a common management strategy in response to business development trends [4] Group 2: Business Performance - The company reported that its overall business performance is good, with sufficient orders [3] - The company is continuously recruiting talented individuals to strengthen its workforce [5]

证券代码：300450 证券简称：先导智能 公告编号：2024-087 无锡先导智能装备股份有限公司 关于持续督导保荐代表人部分变更的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 无锡先导智能装备股份有限公司（以下简称"公司"或"先导智能"）于近 日收到中信证券股份有限公司（以下简称"中信证券"）出具的《关于更换持续 督导保荐代表人的函》，具体情况如下： 公司2019年公开发行可转换公司债券项目持续督导期至2022年12月31日， 2020年向特定对象发行股票项目持续督导期至2023年12月31日。目前持续督导期 已届满，但公司募集资金尚未使用完毕，中信证券对募集资金使用情况继续履行 持续督导义务。该项目持续督导的保荐代表人为中信证券的苗涛先生、许佳伟先 生。 由于原保荐代表人许佳伟先生已离职，中信证券决定委派黄凯先生接替许佳 伟先生担任公司持续督导的保荐代表人。 此次变更后，先导智能持续督导的保荐代表人为苗涛先生和黄凯先生。 本次变更不影响中信证券对公司的持续督导工作，公司董事会对许佳伟先生 在担任公司保荐代表人期间所作出的贡献表示衷心感谢！ 特此 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company has signed a strategic cooperation agreement with CATL, expanding the range of core equipment supplied, which includes coating, rolling, die-cutting, and logistics, among others [2] - CATL's production capacity utilization remains high, with plans for accelerated expansion, which the company is expected to benefit from significantly [2] - The partnership will also focus on new technologies such as solid-state batteries and perovskite, with both parties committed to sharing the latest technological advancements and market dynamics [3] - The company is steadily expanding its overseas customer base, particularly in Europe, North America, and East Asia, positioning itself well in the global market [4] - The profit forecast for the company is set at 1.32 billion, 1.96 billion, and 2.65 billion yuan for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 22, 15, and 11 times [4] Financial Summary - Total revenue for 2023 is projected at 16.63 billion yuan, with a decline expected in 2024 to 13.31 billion yuan, followed by growth in subsequent years [11] - The net profit attributable to the parent company is forecasted to decrease to 1.32 billion yuan in 2024, before increasing to 1.96 billion yuan in 2025 and 2.65 billion yuan in 2026 [11] - The latest diluted EPS is expected to be 0.84 yuan in 2024, increasing to 1.25 yuan in 2025 and 1.69 yuan in 2026 [11] - The company's total assets are projected to be 33.31 billion yuan in 2024, with total liabilities of 20.14 billion yuan [11]

Group 1 - The core point of the article is that XianDao Intelligent has successfully delivered customized solid-state dry electrode coating equipment to a leading battery company in South Korea, receiving high recognition from the client [1] - The equipment features continuous film formation, simultaneous double-sided compounding, and high production efficiency [1] - It is equipped with XianDao's unique temperature uniformity system, providing advantages of high rigidity and uniform temperature [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [2]. Core Views - The company reported a revenue of 9.112 billion yuan for the first three quarters of 2024, a year-on-year decrease of 30.90%, with a net profit attributable to the parent company of 608 million yuan, down 73.81% year-on-year. In Q3 2024, revenue was 3.359 billion yuan, a year-on-year decline of 44.93%, and net profit was 149 million yuan, down 86.71% year-on-year [3][4]. - The decline in revenue is attributed to a slowdown in acceptance of lithium battery equipment due to overcapacity in the downstream lithium battery industry and a slowdown in domestic market demand. However, the gross margin for the first three quarters of 2024 was 36.42%, showing slight year-on-year decline, while Q3 2024 gross margin improved to 36.63%, indicating strong industry position and cost control capabilities [4]. - The company has seen a reduction in impairment provisions, with asset impairment losses of 68 million yuan for the first three quarters, a decrease compared to the same period in 2023. In Q3 2024, asset impairment losses were 14 million yuan, showing improvement in the company's financial situation [5]. - The company is actively expanding its overseas business, establishing a logistics center in Germany and forming strategic partnerships in Europe and the US, which is expected to enhance its global service capabilities [6]. - The company is implementing a platform strategy, diversifying into areas such as photovoltaic intelligent equipment and hydrogen energy equipment, which is expected to gradually increase the proportion of non-lithium battery business [6]. - The lithium battery equipment industry is currently in a bottoming phase, with expectations for recovery in domestic demand starting in 2025. The company's net profit forecasts for 2024 and 2025 are 1.3 billion yuan and 2.05 billion yuan, respectively, with corresponding price-to-earnings ratios of 25 and 16 times [7].