证券代码：836221 证券简称：易实精密 公告编号：2025-081 江苏易实精密科技股份有限公司 独立董事专门会议工作制度 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、 审议及表决情况 江苏易实精密科技股份有限公司（以下简称"公司"）于 2025 年 7 月 24 日召开了第四届董事会第五次会议，审议通过了《关于制定及修订公司部分内 部管理制度的议案》之子议案 2.27 修订《独立董事专门会议工作制度》，表决 结果为：同意 8 票，反对 0 票，弃权 0 票。 本议案尚需提交股东会审议。 二、 制度的主要内容，分章节列示： 第三条 公司应当定期或者不定期召开全部由独立董事参加的会议(以下 简称"独立董事专门会议")。独立董事专门会议可通过现场、通讯方式(含 视频、电话等)或现场与通讯相结合的方式召开。 第四条 独立董事专门会议应当由过半数独立董事共同推举一名独立董事 召集和主持；召集人不履职或者不能履职时,两名及以上独立董事可以自行召 集并推举一名代表主持。 江苏易实精密科技股份有限公司 独 ...

证券代码：836221 证券简称：易实精密 公告编号：2025-050 江苏易实精密科技股份有限公司董事会秘书离任公告 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、辞职董监高的基本情况 本公司张文进先生，因工作调整辞任，自 2025 年 7 月 24 日起不再担任董事会秘 书。该人员持有公司股份 9,260,760 股，占公司股本的 7.98%，不是失信联合惩戒对象， 离任后继续担任董事、副经理、财务负责人职务，不存在未履行完毕的公开承诺。 二、合规性说明及影响 （一）人员变动的合规性说明 本次辞职未导致公司董事会成员人数低于法定最低人数，未导致董事会中兼任高 级管理人员的董事和由职工代表担任的董事人数超过公司董事总数的二分之一，未导 致董事会或者其专门委员会中独立董事所占的比例不符合相关规则或者公司章程的 规定，未导致独立董事中欠缺会计专业人士。 （二）人员变动对公司的影响 张文进先生的辞职不会对公司日常生产、经营活动产生不利影响，公司已按照相 关规定完成新任董事会秘书的聘任。 张文进先生在任 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company is focusing on expanding its customer base in the field of air suspension and enhancing its precision stamping technology to promote the localization of reducer flexible wheels [5] - In Q1 2025, the company achieved revenue of 80 million yuan and a net profit attributable to shareholders of 15.04 million yuan [6] - The company has established itself as a supplier for well-known automotive parts manufacturers, including Tyco Electronics and Bosch [6] - The company signed a strategic cooperation agreement with Konghui Technology to broaden its product line and is expected to achieve mass production of the third-generation welding ring line in 2025 [6][9] - The company plans to acquire 51% of Tongyihe Precision Technology to enhance its development and manufacturing capabilities in precision stamping [6][9] - The establishment of a joint venture in Slovenia aims to enhance overseas layout and local supply capabilities [6][9] Financial Summary - The company forecasts revenue growth from 276 million yuan in 2023 to 609 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 22.91% [8] - The net profit attributable to shareholders is projected to increase from 52 million yuan in 2023 to 100 million yuan in 2027, reflecting a CAGR of 25.37% [8] - The earnings per share (EPS) is expected to rise from 0.44 yuan in 2023 to 0.86 yuan in 2027 [8] - The company maintains a healthy return on equity (ROE), projected to reach 23.54% by 2027 [8]

Investment Rating - The report maintains a "Buy" investment rating for 易实精密 (836221.BJ) [2][12] Core Views - 易实精密 plans to acquire 51% of 通亦和精工科技 for a maximum price of 1.6 billion yuan, with performance commitments for net profits of 28 million, 32 million, and 36 million yuan for the years 2025 to 2027 [5][12] - The acquisition aims to enhance the company's metal forming process chain and create synergies that will accelerate growth [5][8] - The company is focusing on developing a new manufacturing process for harmonic reducer flexible wheels, which is expected to lower production costs [9][10] Summary by Sections Company Overview - 易实精密's current stock price is 20.94 yuan, with a total market capitalization of 2.4 billion yuan and a total share count of 116 million [2] Market Position - 通亦和 specializes in precision molds and stamping parts, holding 20 patents, including 3 invention patents [6][7] - The company has established long-term relationships with major clients such as 佛吉亚 and 麦格纳宏立 [6] Acquisition Details - The acquisition of 通亦和 is structured in three payment phases: 50%, 20%, and 30%, contingent on performance milestones [5] - The acquisition is expected to integrate supply chain resources, enhancing procurement capabilities and customer bases [8][9] Financial Projections - Revenue forecasts for 易实精密 are 400 million, 510 million, and 610 million yuan for 2025, 2026, and 2027 respectively, with net profits projected at 68 million, 83 million, and 100 million yuan [12][14] - The company anticipates a steady growth rate in revenue and net profit, with a net profit margin of approximately 17.1% in 2024 [14][15]

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [2] Core Views - The company has completed a cash acquisition of 51% of Tongyihe, which is expected to enhance its precision stamping industry chain and accelerate the localization of reducer components [4][5] - The company maintains its profit forecast for 2025-2026 and introduces a new forecast for 2027, expecting net profits attributable to the parent company to be 0.65 billion, 0.90 billion, and 1.08 billion respectively for the years 2025, 2026, and 2027 [4] - The acquisition of Tongyihe is anticipated to expand the company's performance scale and improve its competitive position in the precision stamping market [4][5] Financial Summary - In Q1 2025, the company achieved revenue of 0.80 billion, a year-on-year increase of 1.33%, and a net profit attributable to the parent company of 0.15 billion, up 3.22% year-on-year [4] - The company's projected revenue for 2025 is 4.08 billion, with a year-on-year growth of 26.9%, and net profit is expected to reach 0.65 billion, reflecting a growth of 20.8% [6] - The company's P/E ratios for 2025, 2026, and 2027 are projected to be 41.2, 29.9, and 24.8 respectively, indicating a favorable valuation trend [6] Acquisition Impact - The acquisition of Tongyihe is expected to enhance the company's capabilities in precision stamping technology, which includes 20 patents and partnerships with renowned automotive parts companies [5] - The performance commitment period for Tongyihe is set from 2025 to 2027, with expected net profits of 0.28 billion, 0.32 billion, and 0.36 billion for those years [4]

Group 1: Investor Relations Activity Overview - The investor relations activity was conducted online on June 27, 2025, with participation from various securities and investment firms [3][4]. - Key attendees included the company's Chairman and General Manager, Xu Aiming, and the Board Secretary and Financial Officer, Zhang Wenjin [4]. Group 2: Company Performance and Future Outlook - The company reported stable overall operations in the first half of 2025, with a positive development trend expected to accelerate in the second half due to new projects and production lines coming online [4]. - The first production line of the newly established subsidiary, Mark Surface Treatment Technology (Nantong) Co., Ltd., is expected to commence operations by the end of August 2025, with a second line following by the end of October 2025 [5]. Group 3: Acquisition and Technological Advancements - The acquisition of Tong Yi He Precision Engineering Co., Ltd. is anticipated to enhance the company's technical capabilities and profitability, with no significant overlap in customer bases, thus promising substantial synergy [6]. - The company is collaborating with precision component manufacturers to develop key components for harmonic reducers and planetary gear reducers, aiming to accelerate the domestic replacement process for these critical parts [7][8]. Group 4: International Expansion - The establishment of a joint venture in Slovenia is a strategic move to meet customer demands and expand the company's overseas presence, targeting existing clients like Bosch and Continental Automotive, while also seeking new customers in the European market [9]. - The Slovenian facility will focus on automotive parts, catering to both traditional fuel vehicles and new energy vehicles, utilizing advanced manufacturing techniques [9].

证券代码：836221 证券简称：易实精密 公告编号：2025-045 江苏易实精密科技股份有限公司 投资者关系活动记录表 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、 投资者关系活动类别 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 √其他 （投资者线上交流会） 二、 投资者关系活动情况 活动时间：2025 年 6 月 27 日 活动地点：通过线上会议的形式接受部分机构调研 参会单位及人员：开源证券、西部证券、方正证券、中泰证券、浙商证券、 招商基金、万和证券、万丰友方、兼济投资、浙民投资、金恒宇投资、青岛中骏 投资、泰石投资、尚诚资产、国晖投资、创富兆业金融、天猊投资、临信资产、 汇瑾资产、瀚伦私募基金、递归私募基金、冰河资产、民生证券、联储证券、苏 豪投资、得桂私募基金、鸿运私募基金、红塔证券、洪泰基金、东北证券、点石 成鑫、长城财富资管、财信证券、星允投资、青创伯乐、珺洲私募基金、IDG 资 本 上市公司接待人员：公司董事长、总经理徐爱明先 ...

Core Viewpoint - 易实精密 (836221) experienced a significant increase of 18.20% in stock price with a trading volume of 3.23 billion yuan and a turnover rate of 27.49% on the day of reporting [2] Trading Activity Summary - The stock was listed on the龙虎榜 due to its turnover rate reaching 27.49%, with a total net sell of 13.30 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction volume of 62.11 million yuan, with a buying amount of 24.40 million yuan and a selling amount of 37.71 million yuan, resulting in a net sell of 13.30 million yuan [2] - The largest buying and selling brokerage was 国金证券股份有限公司深圳分公司, with buying and selling amounts of 6.65 million yuan and 8.31 million yuan respectively [2] Historical Performance - Over the past six months, the stock has appeared on the龙虎榜 five times, with an average price drop of 2.69% the day after being listed and an average increase of 6.66% over the following five days [2]

Group 1 - The stock of Yishijingmi (836221) fell by 4.35% today, with a turnover rate of 25.59% and a trading volume of 298 million yuan, showing a fluctuation of 14.75% [2] - The stock was listed on the North Exchange due to its turnover rate reaching 25.59%, with a net selling amount of 3.0706 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction amount of 78.8653 million yuan, with buying amounting to 37.8973 million yuan and selling amounting to 40.9680 million yuan, resulting in a net selling of 3.0706 million yuan [2] Group 2 - The largest buying brokerage was Dongya Qianhai Securities Shanghai Branch, with a buying amount of 10.3086 million yuan, while the largest selling brokerage was Industrial Securities Jinan Luoyuan Street Branch, with a selling amount of 9.3722 million yuan [2] - Detailed trading data shows that the top five buying brokerages had varying amounts, with the second largest being Dongfang Caifu Securities Jiangsu Branch at 9.0824 million yuan, and the third being Dongfang Caifu Securities Lhasa Tuanjie Road Second Branch at 5.4976 million yuan [2] - On the selling side, the second largest selling brokerage was Guotai Haitong Securities Nanning Minzu Avenue Branch, with a selling amount of 770.36 thousand yuan, and the third was Guojin Securities Shenzhen Branch at 614.73 thousand yuan [2]

Group 1: Investor Relations Activity Overview - The investor relations activity was conducted online on June 16 and June 18, 2025, involving various institutional investors [3][5] - Participating institutions included West Securities, Dongwu Securities, and several well-known funds and investment companies [3][5] Group 2: Acquisition of Tongyihe - The company introduced the acquisition of 51% of Tongyihe Precision Technology Co., Ltd., a recognized player in precision mold manufacturing [5][6] - Tongyihe specializes in precision molds and components, with major clients including global automotive parts companies such as Faurecia and Magna [5][6] Group 3: Competitive Advantages of Tongyihe - Tongyihe holds 20 patents, including 3 invention patents and 17 utility model patents, related to its core business [8] - The company has established long-term relationships with major clients, ensuring stable customer resources [8][9] - Tongyihe has a leading market position in the domestic precision mold industry, particularly in hydraulic precision molds [8][9] Group 4: Synergies from the Acquisition - The acquisition will enable customer resource sharing and market collaboration, expanding the customer base for both companies [10] - Supply chain integration will optimize procurement processes and reduce costs by leveraging the combined purchasing power [10][11] - The transaction aims to enhance technical collaboration, improving the overall metal forming process and service offerings [10][11] Group 5: Business Growth and New Client Development - The company plans to deepen its focus on the suspension business, with ongoing projects and collaborations with various automotive clients [11][12] - New technologies, such as the second and third generation welding ring production lines, are expected to enhance production efficiency and reduce costs [11][12]