Core Viewpoint - Haidar (836699) has demonstrated strong growth in its overall performance for 2024, driven by its expertise in precision slide rails and a solid customer base in the home appliance and server sectors [1][2]. Group 1: Financial Performance - In Q1 2025, Haidar's non-net profit increased by 40.53%, significantly outpacing revenue growth, with an improvement in gross margin attributed to product upgrades and changes in sales structure [1]. - The company has successfully optimized its product mix, increasing the sales proportion of high-value-added products while implementing cost-reduction measures in production [1]. Group 2: Market Expansion - Haidar has established long-term partnerships with several well-known domestic home appliance and server manufacturers, including BSH, Haier, Hisense, and Electrolux, which provide a solid foundation for business development [2]. - The company is actively expanding its customer base in the server market, aiming to enhance its market share [2]. - Haidar is diversifying its product applications beyond traditional sectors, with collaborations in the automotive industry, including applications in foldable tables and plans to expand into car refrigerators [2]. Group 3: Future Outlook and Investment Returns - The company plans to leverage its scale advantages in home appliance and server slide rails, increase R&D investment, and explore new products and applications [2]. - Haidar aims to optimize product design and production processes to enhance overall competitiveness and maintain market leadership [2]. - The company will consider various factors, including annual profitability, future funding needs, and shareholder returns, when formulating profit distribution and capital expansion plans [3].

证券代码：836699 证券简称：海达尔 公告编号：2025-041 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、 授权委托理财情况 委托理财进展的公告 无锡海达尔精密滑轨股份有限公司 (一) 审议情况 无锡海达尔精密滑轨股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第四届董事会第四次会议及第四届监事会第三次会议审议通过了《关于使 用自有闲置资金进行委托理财的议案》，公司拟使用不超过人民币 4,000 万元的 闲置自有资金进行委托理财。该投资额度自董事会审议通过之日起十二个月内有 效。在此投资额度及有效期内，该额度可循环滚动使用。相关内容详见公司在北 交所官网上刊登的《关于使用闲置自有资金委托理财的公告》（公告编号： 2025-035）。 (二)披露标准 根据《北京证券交易所股票上市规则》相关规定，交易的成交金额占上市公 司最近一期经审计净资产的 10%以上，且超过 1,000.00 万元的，应当予以披露； 上市公司连续 12 个月滚动发生理财的，以该期间最高余额为成交额 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company reported a revenue of 417 million yuan in 2024, representing a year-on-year increase of 44.09%, and a net profit attributable to shareholders of 81.39 million yuan, up 107.34% year-on-year [5] - The company benefits from the home appliance replacement subsidy policy, which stimulates market demand, and the promising outlook in the server sector drives growth in the company's rail business [5] - The company has a strong focus on R&D, with 119 valid patents driving product innovation and a commitment to ESG responsibilities through low-carbon production practices [5] Financial Performance - In Q1 2025, the company achieved a revenue of 94 million yuan, a year-on-year increase of 4.56%, and a net profit of 19.22 million yuan, up 19.58% year-on-year [5] - The rail business generated revenue of 408 million yuan in 2024, with a year-on-year growth of 47.29%, accounting for 97.93% of total revenue [5] - The company expects net profits for 2025-2027 to be 92 million yuan, 108 million yuan, and 127 million yuan respectively, with corresponding EPS of 2.01, 2.37, and 2.78 yuan per share [5][7] Market Outlook - The global server rail kit market is projected to grow from 60 million USD in 2024 to 110 million USD by 2032, with a compound annual growth rate of 8.4% [5] - The company is actively expanding its market presence and increasing customer numbers, with export revenue reaching 75.73 million yuan in 2024, a year-on-year increase of 135.76% [5] R&D and Innovation - The company has maintained stable R&D investment, resulting in the acquisition of 11 new invention patents in 2024, with a total of 119 valid patents by the end of the year [5] - The company plans to optimize workshop layouts and increase production capacity in 2025 to meet future growth needs [5]

证券代码：836699 证券简称：海达尔 公告编号：2025-039 无锡海达尔精密滑轨股份有限公司 关于使用部分闲置募集资金委托理财进展的公告 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。 | 宁 波 | 银行理 | 单位结构性 | | 3,700 | [1.00%,2.20%] | 180 | 浮 | 银 | 募 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 银 行 | 财产品 | 存 | 款 | | | 天 | 动 | 行 | 集 | | 股 份 | | 7202507481 | | | | | 收 | 结 | 资 | | 有 限 | | | | | | | 益 | 构 | 金 | | 公司 | | | | | | | | 性 | | | | | | | | | | | 存 | | | | | | | | | | | 款 | | （二） 使用闲置募集资金投资理财产品的说明 一、 授权委托理财情况 (一) 审议情 ...

Group 1: Financial Performance - In Q1 2025, the company's revenue increased by 4.56%, while in Q1 2024, it had a significant growth of 108.28% [4] - The lower growth in Q1 2025 compared to Q1 2024 is attributed to lower sales in Q1 2023 and a return to normal revenue levels in Q1 2024 [4] Group 2: Export Business - The export business in 2024 showed stable growth, with the addition of exports to Japan [5] Group 3: Production Capacity - The production capacity for server sliding rails is currently sufficient, with adequate production lines and space prepared [6] - The production capacity for household appliance sliding rails is nearing saturation, prompting plans for workshop renovations and equipment upgrades in 2025 [6] Group 4: Product Development - As of Q1 2025, the company has achieved small batch sales of hinge products, with some projects in the sampling and validation stages [7] - Small orders for automotive sliding rails have been received, but sales for these products currently represent a small portion of total revenue, which is primarily driven by household appliance and server sliding rails [7] Group 5: Order Status - Orders for server sliding rails have seen a slight increase compared to previous years, with more projects under development than in prior years [8]

无锡海达尔精密滑轨股份有限公司 内部控制审计报告 中国杭州市钱江新城新业路 8号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 二、注册会计师的责任 www.zhcpa.cn 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.eov.cn） 内部控制审计报告 中汇会审[2025]5469号 无锡海达尔精密滑轨股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了无锡海达尔精密滑轨股份有限公司(以下简称海达尔公司)2024年12月31 目的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是海达 尔公司董事会的责任。 我们的责任是在实施审 ...

国联民生证券承销保荐有限公司 关于无锡海达尔精密滑轨股份有限公司 预计 2025 年度日常关联交易的核查意见 国联民生证券承销保荐有限公司（以下简称"保荐机构"）作为无锡海达尔 精密滑轨股份有限公司（以下简称"海达尔"或"公司"）向不特定合格投资者 公开发行股票并在北京证券交易所上市的保荐机构，根据《证券发行上市保荐业 务管理办法》《北京证券交易所股票上市规则（试行）》《北京证券交易所上市 公司持续监管办法（试行）》等有关规定，对海达尔预计 2025 年度日常关联交 易事项进行核查，具体情况如下： 一、关于预计 2025 年度日常关联交易的基本情况 | 关联交易类别 | 主要交易内容 | 预计 2025 年 发生金额 | 2024 年与关 联方实际发 | 预计金额与上 年实际发生金 额差异较大的 | | --- | --- | --- | --- | --- | | | | | 生金额 | | | | 向无锡昊日塑业科技 | | | 原因 | | | 有限公司采购塑料 | | | | | 购买原材料、燃 | 件、接受加工服务等 | | | | | 料和动力、接受 | 1,300 万元 | 15,500,000 ...

国联民生证券承销保荐有限公司 关于无锡海达尔精密滑轨股份有限公司使用部分闲 置募集资金购买理财产品 的核查意见 国联民生证券承销保荐有限公司（以下简称"保荐机构"）作为无锡海达尔 精密滑轨股份有限公司（以下简称"海达尔"或"公司"）向不特定合格投资者 公开发行股票并在北京证券交易所上市的保荐机构，根据《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持续监管办法（试行）》《北京证券交 易所证券发行上市保荐业务管理细则》《北京证券交易所股票上市规则（试行）》 等有关规定，就海达尔使用部分闲置募集资金进行现金管理的事项进行了核查， 具体情况如下： （一）募集资金使用和存储情况 截至 2024 年 12 月 31 日，公司发行股份的募集资金使用情况具体如下： | 单位：万元 | | --- | | | | 募集资金计划投资 | 累计投入募集资 | 投入进度（%） | | --- | --- | --- | --- | --- | | 序号 | 项目名称 | 总额（调整后） | 金金额 | （3）=（2）/ | | | | （1） | （2） | （1） | | 1 | 精密滑轨自动化生 | 8,123.83 ...

无锡海达尔精密滑轨股份有限公司 2024 年度审计报告 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 否由具有执业许可的会计师事 您可使用手机"扫一扫"或进入"注册会计 s th | | 页 次 | | --- | --- | | 一、审计报告 | 1-5 | | 二、财务报表 | 6-11 | | (一) 资产负债表 | 6-7 | | (二) 利润表 | 8 | | (三) 现金流量表 | 9 | | (四) 所有者权益变动表 | 10-11 | 三、财务报表附注 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjian ...

www.zhepa.cn 关于无锡海达尔精密滑轨股份有限公司 非经营性资金占用及其他关联资金往来情况的专项审核说明 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road. Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 n 目 景 中汇会专[2025]5926号 | | 页 次 | | --- | --- | | 一、非经营性资金占用及其他关联资金往来情况的专项 | | | 审核说明 | 1-2 | | 二、非经营性资金占用及其他关联资金往来情况汇总表 | 3 | 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12层、23层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.05 ...