二〇二五年八月 北京市中伦律师事务所 关于四川优机实业股份有限公司 2025 年度向特定对象发行可转换公司债券 发行过程和认购对象合规性的 法律意见书 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 1 北京市中伦律师事务所 关于四川优机实业股份有限公司 2025 年度向特定对象发行可转换公司债券 发行过程和认购对象合规性的 法律意见书 致：四川优机实业股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受四川优机实业股份有限公 司（以下简称"发行人"、"优机股份"或"公司"）的委托，担任发行人 ...

四川优机实业股份有限公司 发行情况报告书 四川优机实业股份有限公司 向特定对象发行可转换公司债券 发行情况报告书 保荐人（主承销商） 二〇二五年八月 1 四川优机实业股份有限公司 发行情况报告书 发行人全体董事、监事、高级管理人员声明 公司全体董事、监事、高级管理人员承诺本发行情况报告书不存在虚假记载、 误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责任。 全体董事签名： 罗 辑 欧 毅 唐明利 顾立冬 庄 倩 赵桂斌 崔彦军 唐英凯 彭 刚 全体监事签名： 非董事高级管理人员签名： 张 燕 陈 菁 丁 杰 2 米 霞 刘 平 李志远 四川优机实业股份有限公司 年 月 日 | 释义 | 4 | | --- | --- | | 第一节 | 本次发行的基本情况 5 | | | 一、发行人基本情况 5 | | | 二、本次发行履行的相关程序 5 | | | 三、本次发行的基本情况 7 | | | 四、本次发行的发行对象情况 20 | | | 五、本次发行相关机构情况 35 | | 第二节 | 发行前后相关情况对比 37 | | | 一、本次发行前后前十名股东变化情况 37 | | | 二、本次发行 ...

开源证券股份有限公司 关于四川优机实业股份有限公司 2025 年度向特定对 象发行可转换公司债券发行过程和认购对象 合规性的报告 保荐人（主承销商） 二〇二五年八月 四川优机实业股份有限公司（以下简称"优机股份""发行人"或"上市公 司"）已收到中国证券监督管理委员会（以下简称"中国证监会"）于 2025 年 7 月 15 日出具的《关于同意四川优机实业股份有限公司向特定对象发行可转换公 司债券注册的批复》（证监许可﹝2025﹞1467 号），该批复的主要内容为"一、同 意你公司向特定对象发行可转换公司债券的注册申请。…三、本批复自同意注册 之日起 12 个月内有效。" 如无特别说明，本报告中涉及的简称与《四川优机实业股份有限公司向特定 对象发行可转换公司债券募集说明书》中释义相同。开源证券股份有限公司（以 下简称"开源证券"、"保荐人（主承销商）"）作为上市公司本次发行的保荐人及 本次发行的主承销商，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》（以下简称"《证券法》"）《证券发行上市保荐业务管 理办法》《北京证券交易所上市公司证券发行注册管理办法》（以下简称"《注册 管理 ...

Group 1: Deep Sea Technology Industry - The government has positioned deep sea technology as a strategic emerging industry, alongside commercial aerospace and low-altitude economy, highlighting its importance for national security and resource safety [6][7] - The deep sea sector is crucial for ensuring resource security, as the global underwater resource competition intensifies, particularly with the U.S. and Japan accelerating their deep-sea mining efforts [7] - The blue economy in China reached a production value of 10.54 trillion yuan in 2024, indicating significant market potential for growth in related sub-industries [8] - The deep sea technology industry chain spans from basic materials to high-end equipment manufacturing, with a focus on "deep sensing" capabilities as a foundational infrastructure for development [8] Group 2: New Consumption - Crystal International - Crystal International reported a revenue of 1.229 billion USD in H1 2025, a year-on-year increase of 12.42%, and a net profit of 98 million USD, reflecting strong operational resilience despite external challenges [11][12] - The company improved its gross profit margins in leisure and intimate apparel due to enhanced production efficiency, with gross margins reaching 20.50% and 20.80% respectively [12] - Crystal International's strategic advantages, including its FOB revenue structure and strong brand client pricing power, have helped mitigate the impact of tariffs [12][13] Group 3: New Consumption - Laopu Gold - Laopu Gold achieved a revenue of 12.354 billion yuan in H1 2025, a remarkable year-on-year growth of 251%, with a net profit of 2.268 billion yuan, reflecting strong market positioning and brand influence [15][16] - The company expanded its offline presence with 41 self-operated stores across 16 cities, achieving an average sales performance of approximately 459 million yuan per store [17] - Laopu Gold's brand strength is validated by a high overlap rate with major luxury brands, and the company plans to adjust product prices to support profit performance [17][18] Group 4: North Exchange - Youji Co., Ltd. - Youji Co., Ltd. reported a revenue of 443 million yuan in H1 2025, a year-on-year increase of 19%, and a net profit of 34.3 million yuan, reflecting strong growth driven by capacity release and business expansion [19][20] - The company experienced significant revenue growth in the oil and gas sector, with a 19% increase, and a 48% increase in the aviation sector due to the integration of Beiyang Precision [20][21] - The mechanical parts processing industry is expected to benefit from global industrial upgrades and domestic demand expansion, positioning China as a key supplier in the global market [21][22]

Core Viewpoint - The company has demonstrated significant growth in both revenue and net profit in the first half of the year, driven by its internationalization strategy and strong domestic market presence [1][2]. Financial Performance - The company achieved operating revenue of 443 million yuan, representing a year-on-year increase of 18.66% [1] - The net profit attributable to shareholders reached 34.30 million yuan, up 36.52% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 32.97 million yuan, reflecting a 50.21% year-on-year growth, indicating a faster profit growth rate compared to revenue [1] International Strategy - The company's internationalization strategy has shown significant results, with overseas revenue continuing to grow and accounting for over 60% of total revenue [1] - The gross margin for foreign business has improved to 28.97% [1] - The company exports products to over 40 countries and regions globally, including Europe, North America, Asia, and Oceania, with steady growth in overseas orders [1] Domestic Market Position - The company maintains a strong and stable market share in the domestic oil and gas valve market, particularly with specific high-pressure valve models [1] - Ongoing collaboration with major domestic companies, such as China National Petroleum Corporation, allows the company to participate in national energy strategy projects, contributing to robust internal growth momentum [1] Capacity Expansion - The company is promoting convertible bond financing to implement a flexible production line for valves and related technical upgrades, aiming for an annual production capacity of 25,000 oil and gas valves and 3,558 tons of castings [2] - The company is also expanding into strategic emerging sectors like new energy and aerospace, with products such as drone landing gear and engine assembly tools [2] Stock Performance - As of August 21, the company's stock closed at 30.02 yuan per share [3]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The mechanical components processing industry is expected to benefit from global industrial iteration and domestic demand expansion, with mechanical component exports likely to continue growing [6] - The company reported a year-on-year increase of 37% in net profit attributable to shareholders for the first half of 2025, driven by capacity release and the consolidation of Byang Precision's aviation business expansion [5][7] - The company is positioned as a significant supplier in the global equipment manufacturing sector, with a comprehensive and competitive industrial system in mechanical components processing [6] Financial Performance - For the first half of 2025, the company achieved revenue of 443 million yuan (up 19% year-on-year) and a net profit of 34.3 million yuan (up 37% year-on-year) [7] - The revenue for Q2 2025 was 261 million yuan (up 17% year-on-year and up 43% quarter-on-quarter), with a net profit of 18.79 million yuan (up 8% year-on-year and up 21% quarter-on-quarter) [7] - The company’s revenue from oil and gas fluid control equipment and components increased by 19% year-on-year, while revenue from the aviation sector surged by 48% year-on-year [7] Profit Forecast and Valuation - The forecasted net profits for the company from 2025 to 2027 are 95 million yuan, 111 million yuan, and 128 million yuan, respectively, corresponding to price-to-earnings ratios of 34.9, 29.9, and 25.7 times [5][8] - The company is expected to maintain a robust growth trajectory, with projected revenue growth rates of 13.20% in 2025, 13.71% in 2026, and 13.81% in 2027 [8]

证券日报网讯 8月20日晚间，优机股份发布公告称，报告期内公司实现营业收入443，194，064.69元， 同比增长18.66%；归属于上市公司股东的净利润为34，303，173.30元，同比增长36.52%。 （文章来源：证券日报） ...

Core Viewpoint - Sichuan Youji Industrial Co., Ltd. reported significant growth in its operating performance for the first half of 2025, driven by a strategy of simultaneous development in international and domestic markets, focusing on technological innovation and quality control [1][2]. Financial Performance - The company achieved operating revenue of 443 million yuan, a year-on-year increase of 18.66% - Net profit attributable to shareholders reached 34.3 million yuan, up 36.52% - Net profit after deducting non-recurring gains and losses was 32.97 million yuan, reflecting a growth of 50.21% - As of June 30, 2025, the net assets attributable to shareholders were approximately 621 million yuan, an increase of 1.87% compared to the end of 2024 [1]. Research and Development - R&D investment amounted to 20.43 million yuan, representing a year-on-year increase of 26.25% - The company and its subsidiaries obtained 1 invention patent, 11 utility model patents, and 2 design patents during the reporting period - Total patents held by the company and its subsidiaries reached 175, including 20 invention patents as of June 30, 2025 [2]. Future Plans - The company plans to raise up to 120 million yuan through a convertible bond issuance to fund the implementation of an intelligent flexible production line for valves and related technical renovation projects - The expected production capacity post-project completion includes 25,000 oil and gas valves and 3,558 tons of castings annually to meet market demand for customized equipment and components [2]. Industry Outlook - The customized machinery industry in China benefits from a complete industrial chain and cost advantages, suggesting a promising future for companies like Sichuan Youji in the non-standard or customized machinery equipment sector as global division of labor continues to evolve [3].

证券日报网讯 8月20日晚间，优机股份发布公告称，公司第六届监事会第十次会议审议通过了《关于公 司2025年半年度报告及半年度报告摘要的议案》《2025年半年度募集资金存放、管理与实际使用情况的 专项报告》。 （文章来源：证券日报） ...

证券日报网讯 8月20日晚间，优机股份发布公告称，公司第六届董事会第二十次会议审议通过了《关于 公司2025年半年度报告及半年度报告摘要的议案》等多项议案。 （文章来源：证券日报） ...