证券代码：920100 证券简称：三协电机 公告编号：2026-008 常州三协电机股份有限公司 关于使用暂时闲置募集资金进行现金管理的进展公告 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、授权现金管理情况 （一）审议情况 常州三协电机股份有限公司（以下简称"公司"、"三协电机"）于 2025 年 10 月 27 日召开第三届董事会第十八次会议、第三届董事会审计委员会第九次 会议及 2025 年第二次独立董事专门会议，审议通过了《关于使用暂时闲置募集 资金进行现金管理的议案》，该议案无需提交股东会审议。公司将按照相关规定 严格控制风险，拟使用不超过人民币 3,000 万元（包含本数）的部分暂时闲置募 集资金购买安全性高、流动性好的产品（结构性存款、大额存单等），拟投资的 产品期限最长不超过 12 个月，且该等投资产品不得用于质押，不用于以证券投 资为目的的投资行为。在上述额度内，资金可循环滚动使用。决议自公司董事会 审议通过之日起 12 个月内有效，如单笔产品存续期超过前述有效期，则决议的 有效 ...

证券代码：920100 证券简称：三协电机 公告编号：2026-007 一、使用闲置募集资金进行现金管理到期赎回情况 截至本公告披露日，公司使用闲置募集资金进行现金管理的产品已全部到期 赎回，本金与收益已经全部返还至公司募集资金专户，具体情况如下： | 受托 | 产品 | 产品名 | 产品金 | 预计年化收 | 产品 | 收益 | 投资 | 实际收益 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 方名 | 类型 | 称 | 额（万 | 益率 | 期限 | 类型 | 方向 | 额（元） | | 称 | | | 元） | | | | | | | 南京 | 银行 | 单位结 | 3,000.00 | 1.00%-1.87% | 93 天 | 保本 | 银行 | 144,925.00 | | 银行 | 理财 | 构性存 | | | | 浮动 | 结构 | | | 常州 | 产品 | 款2025 | | | | 收益 | 性存 | | | 经济 | | 年第46 | | | | | 款 | | | 开发 | | 期 06 | | | | | | ...

Investment Rating - The investment rating for the company is "Outperform" (maintained) [3] Core Insights - The company is expected to achieve a revenue of 551 million yuan in 2025, representing a year-on-year growth of 31.11%, with a net profit of 60 million yuan, reflecting a growth of 6.83% [3][4] - The company is focusing on the integration of motor and precision planetary gearbox solutions, particularly in the robotics sector, which is anticipated to drive future growth [4] - The company is expanding its presence in the solar photovoltaic sector, with plans to establish operations in Vietnam in 2023 and the United States in 2024 [3] Financial Summary - Revenue projections for 2025-2027 are 551 million yuan, 653 million yuan, and 872 million yuan, respectively, with corresponding net profits of 60 million yuan, 77 million yuan, and 106 million yuan [6][8] - The expected EPS for 2025-2027 is 0.82 yuan, 1.05 yuan, and 1.43 yuan, with P/E ratios of 79.3, 61.6, and 45.2, respectively [6][8] - The company’s gross margin is projected to be 26.2% in 2025, with a net margin of 10.9% [6][8]

Group 1 - The company announced a projected operating revenue of 550,739,108.93 yuan for 2025, representing a year-on-year growth of 31.11% [2] - The net profit attributable to shareholders of the listed company is expected to be 60,183,850.77 yuan in 2025, reflecting a year-on-year increase of 6.83% [2]

Financial Projections - The company's operating revenue for 2025 is expected to be ¥550,739,108.93, representing a year-on-year increase of 31.11%[2] - The net profit attributable to shareholders is projected to be ¥60,183,850.77, reflecting a growth of 6.83% compared to the previous year[2] - The basic earnings per share is projected to be ¥1.01, a decrease of 4.72% compared to the previous year[2] - The weighted average return on net assets (excluding non-recurring gains and losses) is expected to be 15.95%, down from 20.93% in the previous year[2] Asset and Equity Growth - Total assets at the end of the reporting period are estimated to be ¥668,105,480.33, an increase of 40.56% from the beginning of the year[4] - Shareholders' equity attributable to the company is expected to reach ¥460,388,447.09, up 63.41% from the start of the year[4] - The increase in total assets is primarily due to the company's listing on the Beijing Stock Exchange and the public issuance of shares[5] Market and Operational Strategies - The company has strengthened its market presence in the 3D printing and industrial automation sectors, contributing to revenue growth[5] - The company has implemented strategies for capacity expansion and smart manufacturing upgrades, leading to significant investments in high-precision automation production lines[5] Cautionary Notes - The company advises investors to be cautious as the financial data presented is preliminary and unaudited[6]

证券代码：920100 证券简称：三协电机 公告编号：2026-005 常州三协电机股份有限公司 关于对全资子公司增资的公告 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。 一、对外投资概述 （一）基本情况 根据公司战略发展规划及业务发展需要，公司拟用自有资金对全资子公司 三协电机（东莞）有限公司（以下简称"东莞三协"）增资人民币 365 万元， 本次增资完成后东莞三协的注册资本由人民币 335 万元增加至人民币 700 万 元。 （二）是否构成重大资产重组 本次交易不构成重大资产重组。 根据《上市公司重大资产重组管理办法》的相关规定，本次对外投资系对 全资子公司增资，不构成重大资产重组。 根据《公司章程》《股东会议事规则》《董事会议事规则》《对外投资管理制 度》等相关规定，此次增资金额均未达到提交董事会或股东会审议标准，无需 提交董事会或股东会审议，可由总经理审批决定。 公司于 2026 年 2 月 3 日召开总经理办公会议，审议通过《关于拟向全资 子公司增资的议案》。经讨论，一致同意公司此次对东莞三 ...

Core Viewpoint - The article discusses the recent surge in IPO activities on the Beijing Stock Exchange (北交所), highlighting the rapid pace of new stock listings and the strong market performance of newly listed companies, indicating a positive trend for investors and the market overall [3][4][6]. Group 1: IPO Activities - Three listing committee meetings and two new stock listings occurred within a week, with Aisheren (爱舍伦) debuting on January 21, 2026, and experiencing a significant first-day increase of 175.59%, closing at 44.04 yuan per share [3][4]. - Aisheren's IPO details include an issuance price of 15.98 yuan per share, a price-to-earnings ratio of 14.99, and total funds raised amounting to 270 million yuan [4]. - The upcoming listing of Guoliang New Materials (国亮新材) is set for January 22, 2026, contributing to a total of three new stocks listed in January [5]. Group 2: Market Performance - In 2025, the Beijing Stock Exchange had 26 new stocks listed, averaging about two per month, with some months seeing up to five listings [6]. - The average first-day increase for new stocks in 2025 was approximately 368%, with notable performers like Dapeng Industrial (大鹏工业) achieving a 1211.11% increase [6][8]. - The strong performance of new stocks has led to a significant market expectation for continued high returns, with no stocks experiencing a first-day drop in 2025 [6][8]. Group 3: Listing Review Acceleration - The listing review process on the Beijing Stock Exchange has accelerated, with six committee meetings held in January 2026 alone, indicating a trend of increased efficiency in the IPO process [7][8]. - Analysts note that the review process for specialized and innovative companies has become notably quicker, with some companies moving from application to approval in just a few months [8]. - The focus of the listing reviews appears to be on high-tech and advanced manufacturing sectors, reflecting a strategic support for these industries [8]. Group 4: Subscription and Frozen Capital - The subscription for new stocks has seen a significant increase, with frozen capital exceeding 800 billion yuan for several recent IPOs, indicating strong investor interest [9][12]. - Aisheren attracted 695,800 participants in its subscription, with a total frozen capital of 8789.21 million yuan [14]. - The upcoming IPOs of Nongda Technology (农大科技) and Meidel (美德乐) are expected to further increase the frozen capital, reflecting ongoing investor enthusiasm for new listings [16].

Core Viewpoint - Sanxie Electric announced the approval of a proposal to use its own funds to pay personnel costs for fundraising projects and to replace these costs with equivalent amounts from raised funds [2] Group 1 - The company will hold its 21st meeting of the third board of directors on January 19, 2026 [2] - The proposal allows the implementation entity of the fundraising project to use its own funds for personnel costs during the project implementation period [2] - The equivalent amount of funds used will be transferred from the fundraising account to the company's own funds account, treating this amount as part of the project funds [2]

东北证券股份有限公司 一、募集资金基本情况 经中国证券监督管理委员会出具《关于同意常州三协电机股份有限公司向不 特定合格投资者公开发行股票注册的批复》（证监许可〔2025〕1621号）及北交 所出具《关于同意常州三协电机股份有限公司股票在北京证券交易所上市的函》 （北证函〔2025〕728号），公司股票于2025年9月8日在北京证券交易所上市。 公司本次向不特定合格投资者公开发行普通股2,070.00万股（含超额配售）， 每股面值为人民币1.00元，每股发行价格为8.83元，募集资金总额为人民币 18,278.10万元，扣除发行费用2,802.80万元，公司本次募集资金净额为15,475.30 万元。上述募集资金到位情况已经天健会计师事务所（特殊普通合伙）验证，并 由其出具《验资报告》（天健验〔2025〕15-5号、天健验〔2025〕15-8号）。 为了规范公司募集资金管理和使用，保护投资者权益，上述募集资金到账后， 已全部存放于公司董事会批准开立的募集资金专项账户内，并由公司与保荐机构、 存放募集资金的商业银行签署了三方监管协议。 二、募集资金使用情况 截至 2025 年 12 月 31 日，公司募集资金使 ...

证券代码：920100 证券简称：三协电机 公告编号：2026-004 常州三协电机股份有限公司 关于使用自有资金支付募投项目人员费用并以募集资金 等额置换的公告 二、募集资金使用情况 截至 2025 年 12 月 31 日，公司募集资金使用情况具体如下： 注：上述累计投入募集资金金额包含使用利息收入支付募投项目费用的金额，因 此存在投入进度大于 100.00%的情形。 三、使用自有资金支付募投项目人员费用并以募集资金等额置换的原因 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。 常州三协电机股份有限公司（以下简称"公司"）于 2026 年 1 月 19 日召开 公司第三届董事会第二十一次会议，审议通过了《关于使用自有资金支付募投项 目人员费用并以募集资金等额置换的议案》。同意公司募集资金投资项目（以下 简称"募投项目"）实施主体在募投项目实施期间根据实际情况使用自有资金支 付募投项目人员费用，并以募集资金等额置换，即从募集资金专户划转等额资金 至公司自有资金账户，该部分等额置换资金视同募投项目使用资金 ...