证券代码：836720 证券简称：吉冈精密 公告编号：2025-045 无锡吉冈精密科技股份有限公司证券事务代表任命公告 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。 武春露女士具备履行职责所必须的专业知识、工作经验及相关素质，能够胜任相关 岗位职责的要求，其任职资格符合《中华人民共和国公司法》《北京证券交易所股票上 市规则》等相关法律法规的规定。 （二）人员变动对公司的影响 一、证券事务代表任命的基本情况 无锡吉冈精密科技股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召开了 第三届董事会第三十四次会议，审议通过了《关于聘任公司证券事务代表的议案》。 聘任武春露女士为公司证券事务代表，任职期限至第四届董事会任期届满之日止， 自 2025 年 7 月 9 日起生效。该人员持有公司股份 70,000 股，占公司股本的 0.0263%， 不是失信联合惩戒对象。 （上述人员简历详见附件） 二、合规性说明及影响 （一）人员变动的合规性说明 本次聘任证券事务代表对公司生产、经营无重大影响。 三、备 ...

证券代码：836720 证券简称：吉冈精密 公告编号：2025-044 无锡吉冈精密科技股份有限公司 关于取消监事会、变更注册资本并拟修订《公司章程》 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、修订内容 根据《公司法》及《上市公司章程指引》和《北京证券交易所股票上市规则》 等相关规定，公司拟修订《公司章程》的部分条款，修订对照如下： | 原规定 | | 修订后 | | --- | --- | --- | | 第一条 | 为规范无锡吉冈精密科技股份 | 第一条 为规范无锡吉冈精密科技股份 | | 有限公司（以下简称"公司"）的组织 | | 有限公司（以下简称"公司"）的组织 | | 和行为，保护公司、股东和债权人的合 | | 和行为，保护公司、股东、职工和债权 | | 法权益，根据《中华人民共和国公司法》 | | 人的合法权益，根据《中华人民共和国 | | （以下简称《公司法》）、《中华人民共 | | 公司法》（以下简称《公司法》）、《中华 | | 和国证券法》（以下简称《证券法》）、《北 ...

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 7 月 9 日 2.会议召开地点：公司二楼多功能教室 3.会议召开方式：现场方式 证券代码：836720 证券简称：吉冈精密 公告编号：2025-050 无锡吉冈精密科技股份有限公司 2025年第一次职工代表大会决议公告 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。 根据《中华人民共和国公司法》及中国证券监督管理委员会《关于新<公司 法>配套制度规则实施相关过渡期安排》《上市公司章程指引》等相关规定，公司 4.发出职工代表大会会议通知的时间和方式：2025 年 7 月 1 日以书面方式发 出 5.会议主持人：张伟中 6.召开情况合法、合规、合章程性说明： 本次会议的召集、召开及表决程序符合有关法律、行政法规、部门规章、规 范性文件以及《公司章程》的有关规定，所作决议合法有效。 （二）会议出席情况 会议应出席职工代表102人，出席和授权出席董事102人。 二、议案审议情况 （一）审议通过《关于选举第四届董事会职工代表董事的议案》 ...

Core Viewpoint - Wuxi has transformed from a historical industrial city to a modern manufacturing powerhouse through the integration of industry and finance, supported by government policies and local investment institutions [9][10][17]. Group 1: Industrial Development - Wuxi has 211 listed companies, with 124 on the A-share market, contributing significantly to Jiangsu province's economy despite a population of less than 8 million [8]. - The city has developed a "465" modern industrial cluster focusing on IoT, integrated circuits, biomedicine, and software services, producing leading companies like WuXi AppTec and Changdian Technology [8][10]. - Wuxi's industrial evolution is marked by the establishment of key enterprises and the active role of state-owned investment institutions in nurturing these companies [10][11]. Group 2: Financial Integration - Local financial institutions have played a crucial role in supporting industrial growth, with Wuxi's state-owned investment firms actively participating in venture capital and equity investments [10][12]. - Wuxi Venture Capital Group, established in 2000, has invested in numerous companies, with 45 of its portfolio companies listed on domestic A-shares, including 13 on the Sci-Tech Innovation Board [11][12]. - The city has created a comprehensive financial ecosystem that includes various funding stages, from seed to private equity, facilitating the growth of over 110 listed companies [12][16]. Group 3: Policy Support - The local government has shifted from a leading role to a guiding one, providing essential support for companies navigating the capital market [17][18]. - Wuxi has implemented policies to promote mergers and acquisitions, with 15 projects completed in the first quarter of 2023, totaling 369.29 billion yuan [18][20]. - The city aims to become a hub for innovative mergers and acquisitions by 2027, with a target of completing at least 60 projects and achieving a total transaction volume exceeding 600 billion yuan [19][20].

证券代码：836720 证券简称：吉冈精密 公告编号：2025-041 无锡吉冈精密科技股份有限公司 2024 年年度权益分派实施公告 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。 无锡吉冈精密科技股份有限公司 2024 年年度权益分派方案已获 2025 年 5 月 16 日召开的股东会审议通过，本次实施分配方案距离股东会审议通过的时间 未超过两个月。 现将权益分派事宜公告如下： 本 次 权 益 分 派 基 准 日 合 并 报 表 归 属 于 母 公 司 的 未 分 配 利 润 为 126,912,368.11 元，母公司未分配利润为 102,895,226.78 元，母公司资本公积 为 152,102,698.13 元（其中股票发行溢价形成的资本公积为 147,524,104.84 元，其他资本公积为 4,578,593.29 元）。本次权益分派共计转增 76,087,760 股， 派发现金红利 30,435,104.00 元。 一、权益分派方案 1、本公司 2024 年年度权益分派方案为： 以公司 ...

Investment Insights - The report highlights a cautious outlook on risk assets following Moody's downgrade of the US sovereign credit rating, emphasizing the importance of US Treasury liquidity in the upcoming months [2][9] - The coal industry narrative is shifting from "elasticity" to "duration," with companies like Shaanxi Coal outperforming others due to lower extraction costs and stable performance [11][12] - The report indicates that the valuation gap between Shaanxi Coal and China Shenhua is expected to narrow as the market recognizes the long-term value of low-cost coal producers [13][14] Company Summaries Shaanxi Coal (601225.SH) - The company is transitioning from an "elasticity narrative" to a "duration narrative," with a significant performance gap observed in 2024 compared to China Shenhua [11][12] - Shaanxi Coal's extraction costs position it favorably within the industry cost curve, enhancing its long-term investment value [12][13] - The projected net profits for Shaanxi Coal from 2025 to 2027 are estimated at 190.2 billion, 199.3 billion, and 210.0 billion respectively, with corresponding PE ratios of 10.3, 9.8, and 9.3 [14] Jiyuan Precision (836720.BJ) - The company focuses on high-precision zinc-aluminum alloy die-casting products, with a projected net profit of 56.75 million in 2024, reflecting a year-on-year increase of 32.63% [16][21] - Jiyuan Precision is expanding its international presence through acquisitions, including the purchase of German company Dico to develop the European market [20][21] - The company is well-positioned to benefit from the growing demand for lightweight components in the electric vehicle sector, with significant revenue growth expected in automotive parts [17][21]

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [3] Core Views - The company has established subsidiaries and acquired three automotive parts companies to expand its overseas presence, with a projected revenue growth of 48% year-on-year in Q1 2025 [3][5] - The company reported Q1 2025 revenue of 155 million yuan, a year-on-year increase of 48.45%, and a net profit attributable to the parent company of 16 million yuan, up 49.27% [5] - The automotive industry in China is a crucial pillar of the national economy, with a projected production and sales volume of 31.28 million and 31.44 million vehicles in 2024, respectively, representing year-on-year growth of 3.70% and 4.50% [5] - The demand for lightweight materials is accelerating due to the increased weight of new energy vehicles, with aluminum alloy being highlighted as a leading lightweight material [5] Financial Summary and Valuation Indicators - Revenue projections for 2025-2027 are 690 million, 810 million, and 959 million yuan, respectively, with year-on-year growth rates of 19.6%, 17.4%, and 18.4% [8] - The net profit attributable to the parent company is forecasted to be 70 million, 82 million, and 96 million yuan for 2025-2027, with corresponding year-on-year growth rates of 22.7%, 17.5%, and 16.9% [8] - The current P/E ratios for 2025, 2026, and 2027 are projected to be 57.0, 48.5, and 41.4 times, respectively [8] Company Expansion and Market Strategy - The company has completed the acquisition of three automotive parts companies, which will contribute to future overseas business growth [6] - The company is actively expanding its sales in overseas markets, with established operations in Mexico and Thailand to capture international orders [6]

证券代码：836720 证券简称：吉冈精密 公告编号：2025-040 无锡吉冈精密科技股份有限公司 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：江苏省无锡市锡山区东昌路 22 号四楼公司会议室 4.会议召集人：董事会 5.会议主持人：董事长周延先生 6.召开情况合法合规的说明： 会议的召集、召开、议案审议程序符合《公司法》等有关法律、法规和《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 125,523,068 股，占公司有表决权股份总数的 65.99%。 3.会议召开方式：现场投票和网络投票相结合 其中通过网络投票参与本次股东会的股东共 2 人，持有表决权的股份总数 115,000 股，占公司有表决权股份总数的 0.06%。 （三）公司董事、监事、高级管理人员出席或列席股东会情况 1.公司在任董 ...

江苏新苏律师事务所 地址：江苏省苏州市高新区邓尉路6号2楼 邮编：215011 电话：0512-67010501 传真：0512-67010500 2024年年度股东会 之 法律意见书 关于无锡吉冈精密科技股份有限公司 二〇二五年五月 江苏新苏律师事务所 法律意见书 江苏新苏律师事务所 关于无锡吉冈精密科技股份有限公司 2024年年度股东会之法律意见书 编号：（2025）新苏非诉字第250516号 致：无锡吉冈精密科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（下称"《股东会规则》"）、《北京证券 交易所股票上市规则》(以下简称"《上市规则》")等法律、法规、 规范性文件和《无锡吉冈精密科技股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，江苏新苏律师事务所（以下简称"本所"） 接受无锡吉冈精密科技股份有限公司（以下简称"公司"）的委托， 指派律师（以下称"本所律师"）出席公司2024年年度股东会（以下 简称"本次股东会"、"会议"），对本次股东会的召集和召开程序、 出席会议人员的资格、召集人资格、会议表决程序及表决结果事项进 行验证，并出具本法律 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [5]. Core Views - The company focuses on the high-precision small parts market for aluminum die-casting and has acquired German company Dico to develop the European market [5]. - The company is expected to achieve a year-on-year net profit growth of 33% in 2024, with revenues projected to reach 577 million yuan, a 25.97% increase [5]. - The automotive parts segment is anticipated to generate 332 million yuan in revenue in 2024, reflecting a 32.06% year-on-year growth, driven by the increasing demand for lightweight aluminum components in electric vehicles [5][9]. Financial Performance - In 2024, the company is projected to achieve revenues of 577 million yuan and a net profit of 57 million yuan, with respective year-on-year growth rates of 25.97% and 32.63% [7]. - The company’s earnings per share (EPS) are expected to grow from 0.30 yuan in 2024 to 0.60 yuan by 2027, indicating a strong upward trend [7]. - The return on equity (ROE) is forecasted to increase from 11.72% in 2024 to 17.09% in 2027, showcasing improved profitability [7]. Market Dynamics - The global automotive market is projected to grow by 2.10% in 2024, with electric vehicle sales expected to rise by 24.40% [5]. - The company is strategically positioned to benefit from the increasing demand for electric vehicle components, with significant partnerships established with major clients such as Huawei and Geely [5][9]. - The electric tool market is also showing signs of recovery, with a projected revenue increase of 41.94% in 2024, driven by rising consumer demand [5][6]. Strategic Initiatives - The company has expanded its international presence by establishing operations in Mexico and Thailand, and successfully completed the acquisition of Dico to enhance its market reach in Europe [9]. - The focus on research and development is evident, with the company holding 201 patents, including 11 invention patents, which supports its competitive edge in technology [5]. Valuation Metrics - The company’s price-to-earnings (P/E) ratio is expected to decrease from 69.92 in 2024 to 34.89 by 2027, indicating a more attractive valuation over time [7]. - The projected revenue growth rates for the next few years are 25.97% for 2024, 22.21% for 2025, and gradually declining to 19.60% by 2027, reflecting a robust growth trajectory [7].