大连连城数控机器股份有限公司 持股 5%以上股东权益变动触及 1%整数倍的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 大连连城数控机器股份有限公司（以下简称"公司"）于 2025 年 6 月 4 日 收到持股 5%以上股东三亚兆恒私募基金管理合伙企业（有限合伙）－如东睿达 股权投资基金合伙企业（有限合伙）（以下简称"如东睿达"）出具的《权益变 动告知函》，如东睿达于 2024 年 12 月 23 日至 2025 年 6 月 4 日期间通过集中竞 价累计减持公司 924,286 股股份，占公司总股本的 0.39%。 上述股份减持导致如东睿达及其一致行动人王学军合计持有公司股份比例 由 9.39%减少至 9.00%，权益变动触及 1%的整数倍。现将其权益变动有关情况 公告如下： | 信息披露义务人 | 三亚兆恒私募基金管理合伙企业（有限合伙）－如东睿达股权投资 | | | | | --- | --- | --- | --- | --- | | | 基金合伙企业（有限合伙） | | | | | ...

证券代码：835368 证券简称：连城数控 公告编号：2025-034 大连连城数控机器股份有限公司 2024 年年度股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 5 月 16 日 2.会议召开地点：公司位于无锡的全资子公司连城凯克斯科技有限公司会议 室（无锡市锡山区锡北泾虹路 15 号） 3.会议召开方式：现场投票、网络投票和其他投票方式相结合方式 4.会议召集人：董事会 5.会议主持人：董事长李春安先生 6.召开情况合法合规的说明： 本次股东会的召开符合《公司法》等有关法律、行政法规、部门规章、规 范性文件和《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 11 人，持有表决权的股份总数 103,911,758 股，占公司有表决权股份总数的 44.2591%。 其中通过网络投票参与本次股东会的股东共 3 人，持有表决权的股份总数 51,100 股，占公司有表决权股份总数的 0.02 ...

上海中联(大连)律师事务所 www.sgla.com 上海中联(大连)律师事务所 致:大连连城数控机器股份有限公司 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》)等法律、法规、规范性文件以及《大连连城数控机器股份 有限公司章程》(以下简称"公司章程")等有关规定,上海中联(大连)律师事务所 (以下简称"本所")接受大连连城数控机器股份有限公司(以下简称"公司")委托, 指派本所律师出席公司 2024年年度股东会(以下简称"本次会议")并出具本法律意 见书。 三 三 上 中 上海中联(大连)律师事务所 关于大连连城数控机器股份有限公司 2024 年年度股东会的 法律意见书 辽宁省大连市中山区中山路 136 号希望大厦 38 层 Tel: +86 (411)82520188 为出具本法律意见书,本所律师对公司本次股东会所涉及的有关事项进行了审查, 查阅了本所律师认为出具本法律意见书所必须查阅的文件,并对有关问题进行了必要 的核查和验证。公司承诺其所提供的文件和所作的陈述和说明是完整、真实和有效的, 不存在重大隐瞒和遗漏。 本法律意见书是本所律师依据对事实的了解 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 9, 2025, via the "Investor Relations Interactive Platform" [3] - Key attendees included the Chairman, General Manager, and Financial Secretary of the company [3] Group 2: Industry Challenges and Company Response - The photovoltaic industry is currently in an adjustment phase, but the company remains confident in long-term prospects and is focusing on product and technology development [5] - The company is promoting products like intelligent single crystal furnaces and high-speed slicing machines to meet industry demands [5] - To navigate industry fluctuations, the company is implementing a dual-drive strategy of "photovoltaics + semiconductors" and enhancing collaboration within the supply chain [6] Group 3: Financial Performance and Future Outlook - In 2024, the company faced challenges due to supply-demand imbalances and increased competition, leading to a significant rise in impairment provisions [7][8] - The company is actively optimizing its organizational structure and expanding overseas to improve performance [8] Group 4: Order Status and Market Position - The company has a diverse order book, including photovoltaic and semiconductor equipment, with a typical order-to-revenue recognition cycle of 6-9 months [9] - The company has successfully delivered over 10,000 units of its single crystal furnace, maintaining a strong customer relationship and quality management system [10] Group 5: Client Base and Workforce Adjustments - Major clients include leading companies in the photovoltaic and semiconductor sectors, with a growing international customer base [11] - Workforce reductions were made to optimize resource allocation and control labor costs in response to industry trends [12] Group 6: Product Development and Competitive Edge - The company has launched a new generation of N-type low-oxygen photovoltaic single crystal furnaces and is committed to ongoing R&D for product advancement [13] - Significant breakthroughs have been achieved in semiconductor manufacturing equipment, with new orders for 8-inch and 12-inch single crystal furnaces [15] Group 7: International Expansion Efforts - The company is expanding its overseas presence, establishing subsidiaries in the U.S. and Southeast Asia to enhance market reach [16] Group 8: Stock Performance Insights - Stock price fluctuations are influenced by macroeconomic conditions and industry policies, urging investors to remain cautious [17]

Investment Rating - The report maintains a positive outlook on leading equipment manufacturers in the photovoltaic industry, anticipating their ability to navigate through the current cycle [1]. Core Insights - The photovoltaic equipment industry is experiencing short-term performance pressure, with a focus on waiting for industry recovery [6][42]. - The industry is characterized by both growth and cyclical attributes, influenced by supply, demand, and technological factors [3]. Summary by Sections Industry Performance - In 2024, the total revenue of the photovoltaic equipment industry reached 848.6 billion, a year-on-year increase of 2%, while the net profit attributable to shareholders was 54.8 billion, down 57% year-on-year [10]. - The first quarter of 2025 saw a total revenue of 158.3 billion, a decrease of 19% year-on-year, with net profit dropping to 15 billion, down 40% year-on-year [10]. Profitability Analysis - The industry's gross margin for 2024 was 24%, a decrease of 6 percentage points year-on-year, while the net profit margin was 6%, down 9 percentage points year-on-year [16]. - The report highlights that leading equipment manufacturers maintain higher profitability compared to the industry average, with gross margins around 30% [28]. Equipment Segment Insights - In the silicon wafer equipment segment, low-oxygen single crystal furnaces and tungsten wire diamond saws are expected to have promising futures, with ongoing international expansion [43]. - The battery equipment segment is seeing accelerated cost reduction and efficiency improvements, particularly with HJT technology, and overseas orders are expected to increase [43]. Market Trends - The report notes a slowdown in the expansion of silicon wafer production capacity in 2024, with a focus on the introduction of new technologies as downstream markets recover [60]. - The Middle East is emerging as a significant market for photovoltaic equipment, with expected growth in installed capacity driven by energy diversification efforts [65]. Cash Flow and Financial Health - The industry has seen a significant improvement in cash flow since Q3 2024, with a net operating cash flow of 9.25 billion in Q1 2025 [40].

Core Viewpoint - The company maintains a positive outlook on the photovoltaic industry despite facing challenges such as extended accounts receivable collection periods and increased impairment provisions due to market conditions [2]. Group 1: Company Overview - Liancheng CNC operates in the high-end equipment manufacturing sector for photovoltaic and semiconductor industries, providing integrated services that include crystal material growth and processing equipment, core process and technical support, and complete line solutions [1]. - The company is focused on meeting market demands for large-size silicon wafers and N-type battery technology while promoting the localization of semiconductor equipment to enhance the domestic industry's self-sufficiency [1]. Group 2: Market Position and Strategy - The company has a limited number of direct customers in the U.S., and the current U.S. tariff policies have minimal impact on its overall business [1]. - Liancheng CNC is actively expanding its overseas presence, having established a wholly-owned subsidiary in the U.S. for research and sales, as well as production and sales service centers in Southeast Asia [3]. Group 3: Financial Performance and Challenges - In 2024, the company faced negative impacts from supply-demand imbalances in the photovoltaic industry, price declines in the supply chain, and intensified market competition, leading to an increase in impairment provisions and a contraction in annual operating performance [2]. - The company is implementing measures such as organizational optimization, accelerated overseas expansion, and technological upgrades to address these challenges [2]. Group 4: Product Development and Future Outlook - The company is committed to continuous product and technology development, aiming to seize new opportunities following the industry's adjustment phase [2]. - Recent government support for equipment upgrades in the photovoltaic sector will enable the company to promote advanced products and provide services for the renovation of outdated production lines [2].

Core Viewpoint - The current U.S. tariff policy has a minimal impact on the overall business of Liancheng CNC, as the company has few direct customers in the U.S. [1] Group 1 - Liancheng CNC stated that its projects in the U.S. are proceeding normally and have gained significant market recognition [1] - The company's project in the U.S. is the largest investment in the photovoltaic industry, which enhances its negotiation power for future market expansion [1] - The excellent performance of project equipment will support the company's future growth in the U.S. market [1]

Core Points - The North Exchange saw 265 listed companies report a total revenue of approximately 180.84 billion yuan in the previous year, with an average revenue of 6.82 million yuan per company [2][3] - Over 80% of the companies reported profits, with more than 100 companies achieving both revenue and profit growth [2][3] - The top three companies by revenue were Better Ray (142.37 billion yuan), Yinuowei (68.57 billion yuan), and Tongli Co. (61.45 billion yuan) [4][6] Revenue and Profit Analysis - Better Ray was the only company with revenue exceeding 10 billion yuan, but it experienced a decline in both revenue (down 43.32%) and net profit (down 43.76%) [4][6] - A total of 31 companies reported revenues exceeding 10 billion yuan, with 29 companies achieving net profits over 100 million yuan [4][6] - Companies such as Yinuowei and Tongli Co. reported revenue growth of 8.92% and 4.85%, respectively, while some companies faced declines [4][6] Dividend and Shareholder Returns - Over 90% of profitable companies announced dividend plans, with total dividends amounting to 5.968 billion yuan, representing 43% of net profits [2][10] - Several companies proposed significant dividend payouts, with Better Ray planning to distribute over 400 million yuan [11][12] - Companies also introduced share bonus plans, with some proposing high ratios of share distribution alongside cash dividends [12][13] R&D Investment - The total R&D investment by North Exchange companies exceeded 9.1 billion yuan, with over 60% of companies increasing their R&D spending [9]

Group 1 - Shareholders of Alade (301419.SZ) plan to reduce their holdings by no more than 1.50% within three months after 15 trading days through centralized bidding and/or block trading [1] - Shareholders of Dawi Technology (600589.SH) intend to reduce their holdings by no more than 3% within three months after 15 trading days through centralized bidding and block trading [1] - Employees of Dingzhi Technology (873593.BJ) have completed a reduction of 0.6431% of their holdings through centralized bidding [1] Group 2 - Shareholders of Aerospace Software (688562.SH) plan to reduce their holdings by no more than 1.00% through centralized bidding [2] - Shareholders of Hongqiang Co., Ltd. (002809.SZ) have completed their reduction plans, with reductions of 1%, 0.132%, and 0.021% respectively [2] - Shareholders of Huachangda (300278.SZ) plan to reduce their holdings by no more than 0.703% within three months after 15 trading days through centralized bidding [2] Group 3 - Shareholders of Liancheng CNC (835368.BJ) plan to reduce their holdings by no more than 2% within three months after 15 trading days through centralized bidding and block trading [3] - Shareholders of Meidixi (688202.SH) intend to reduce their holdings by no more than 2.23% within three months after 15 trading days through centralized bidding or block trading [3] - Shareholders of Meixin Technology (301577.SZ) plan to reduce their holdings by no more than 2.5% through centralized bidding and block trading [3] Group 4 - Shareholders of Wanda Film (002739.SZ) have completed their reduction plan, with a total reduction of 63,353,361 shares, accounting for 3.00% of the total share capital [4] - Shareholders of Xinghua New Materials (301077.SZ) plan to reduce their holdings by no more than 3% within three months after three trading days through centralized bidding and block trading [4] - Shareholders of Yinbao Shanneng (002786.SZ) have completed their reduction plan, with a total reduction of 9,912,100 shares, accounting for 2.00% of the total share capital [4] Group 5 - Shareholders of Intercontinental Oil and Gas (600759.SH) have completed their reduction plan, with a total reduction of 124,499,600 shares, accounting for 3% of the total share capital [5]

Financial Performance - The company's basic earnings per share decreased by 50% from 2.92 yuan in 2023 to 1.46 yuan in 2024 [1] - Net profit fell by 50.07%, from 6.81 billion yuan in 2023 to 3.4 billion yuan in 2024 [1] - Operating revenue decreased by 5.55%, from 60.02 billion yuan in 2023 to 56.69 billion yuan in 2024 [1] - The return on equity dropped by 56%, from 19.43% in 2023 to 8.55% in 2024 [1] - The company's net assets per share increased by 8.46%, from 16.43 yuan in 2023 to 17.82 yuan in 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 12,456.43 million shares, accounting for 56.12% of the circulating shares, with an increase of 8,518.85 million shares compared to the previous period [1] - Hainan Huizhi Investment Co., Ltd. holds 7,053.68 million shares, representing 31.77% of the total share capital, marking a new entry [2] - The second-largest shareholder, a private equity fund, holds 2,166.50 million shares, with an increase of 2,141.33 million shares [2] - China International Capital Corporation has exited the top ten shareholders, previously holding 805.00 million shares [2] Dividend Distribution - The company announced a dividend distribution plan of 1.5 yuan per share (including tax) [2]