无锡灵鸽机械科技股份有限公司 股东拟减持股份的预披露公告 本公司及董事会全体成员及相关股东保证公告内容不存在虚假记载、误导性 陈述或重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 | 股东名称 | 股东身份 | 持股数量 | 持股比例 | 当前持股股份来源 | | --- | --- | --- | --- | --- | | | | （股） | （%） | | | 深圳市大 | 持股 5%以 | 11,664,880 | 11.1321% | 北交所上市前取得 | | 族创业投 | 上股东 | | | | | 资有限公 | | | | | | 司(以下简 | | | | | | 称"大族创 | | | | | | 投") | | | | | 证券代码：920284 证券简称：灵鸽科技 公告编号：2026-002 一、 减持主体的基本情况 二、 本次减持计划的主要内容 | | | 计划减 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 计划减持 | 持数量 | 减持 | 减持 | 减持价格 | 拟减持 | ...

证券代码：920284 证券简称：灵鸽科技 公告编号：2026-001 单位：万元 无锡灵鸽机械科技股份有限公司 2025 年年度业绩预告公 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。 特别提示：本公告所载 2025 年年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2025 年年度报告中披露的数据为准，提请投 资者注意投资风险。 一、本期业绩预告情况 (一)业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 (二)业绩预告情况 √年度净利润为负值 | 项目 | 本报告期 | 上年同期 | 变动比例% | | --- | --- | --- | --- | | 归属于上市 公司 | -1060～-790 | -4,357.17 | 75.67%～81.87% | | 股东的净利润 | | | | 二、本期业绩重大变化的主要原因 1、2025 年锂电行业整体有所回暖，公司 2025 年度新增订单 4.30 亿元，较 上一年度同期增长 122%， ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [5][8]. Core Insights - The automated material handling industry is a core component of smart manufacturing and Industry 4.0, with the market size in China expected to reach 50.49 billion yuan by 2024 [6][15]. - The company, Lingge Technology, is recognized as a "little giant" in the automated material handling sector, focusing on lithium battery front-end equipment and leveraging core technologies such as the twin-screw continuous pulping process [5][10]. - The company has established a strong customer base across various industries, including lithium batteries, rubber and plastics, fine chemicals, and food and medicine, with major clients like CATL and WanHua Chemical [6][10]. Summary by Sections 1. Industry Overview - The automated material handling equipment market in China is projected to grow to 50.49 billion yuan by 2024, driven by advancements in AI, big data, and 5G technology [15][21]. - The global market for automated material handling is expected to reach 48.62 billion USD by 2024, with a compound annual growth rate (CAGR) of approximately 6.32% from 2018 to 2024 [21][24]. 2. Company Positioning - Lingge Technology specializes in lithium battery front-end equipment, holding competitive advantages in core technologies and a diverse application range across multiple industries [10][41]. - The company’s revenue from the top five clients accounted for 65.57%, 64.58%, and 44.70% of total revenue from 2022 to 2024, indicating a strong reliance on key customers [6][10]. 3. Financial Performance - The company is expected to achieve revenues of 211 million yuan in 2024, with a year-over-year decline of 20.30%, followed by a recovery in 2025 with projected revenues of 252 million yuan [7][8]. - The gross profit margin is anticipated to rebound to 26% in the first three quarters of 2025, reflecting improved profitability [6][10]. 4. Research and Development - The company is focusing on digitalization and intelligent investments, with successful delivery of solid-state battery pilot lines showcasing its development potential [6][10]. - The company has invested 47.94 million yuan in the second phase of its material handling equipment manufacturing base, with completion expected in early 2026 [6][10]. 5. Growth Potential - The demand for automated material handling systems is expected to grow rapidly, with projected revenue increases of 21%, 45%, and 40% from 2025 to 2027 [9][10]. - The company is well-positioned to benefit from the ongoing expansion in the lithium battery sector, with significant new projects planned in the industry [10][39].

Market Overview - The Shanghai Composite Index (沪指) continued to rise, reaching 4057 points, surpassing the previous high from November 14, 2025, and marking the highest level since July 2015 [1] - The index achieved a record of 12 consecutive daily gains, the longest since 1993, with the previous record being 11 consecutive gains [6] Brain-Computer Interface Sector - Companies in the brain-computer interface sector, such as Xiangyu Medical (翔宇医疗) and Aipeng Medical (爱朋医疗), experienced significant stock price increases, with both reaching the daily limit of a 20% rise [1] - Other medical companies like Meihua Medical (美好医疗) and Chuangxin Medical (创新医疗) also saw substantial gains, with increases of approximately 20% and 10% respectively [2] Solid-State Battery Sector - The solid-state battery concept saw a surge in early trading, with companies like Puli Te (普利特) and Jinlongyu (金龙羽) hitting their daily price limits, while others like Aotwei (奥特维) and Daoshi Technology (道氏技术) rose over 10% [2] - Donut Lab, a Finnish electric mobility technology company, announced the launch of the world's first commercially viable solid-state battery at the CES 2026, emphasizing its readiness for production [5] - According to Zhongjin Company, solid-state batteries are expected to achieve technical stabilization and small-scale production by 2027, with commercial production anticipated by 2030, and demand projected to exceed 150 GWh [5] Investment Outlook - Analysts from Dongzheng Futures and Debang Securities suggest that the current market sentiment is positive, with technology stocks expected to remain a key focus in the near term [6] - The market is anticipated to continue its upward trend, supported by the performance of heavyweight sectors such as insurance, which could enhance the sustainability of the rally [6]

申万宏源证券承销保荐有限责任公司 关于无锡灵鸽机械科技股份有限公司 募集资金投资项目延期的核查意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"、"保 荐机构"）作为无锡灵鸽机械科技股份有限公司（以下简称"灵鸽科技"、"公司"） 向不特定合格投资者公开发行股票并在北交所上市的保荐机构，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》等有关规定，对灵鸽 科技募集资金投资项目延期的事项进行了审慎核查，发表核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意无锡灵鸽机械科技股份有限公司向不 特定合格投资者公开发行股票注册的批复》（证监许可[2023]2599 号）同意注册， 公司向不特定合格投资者公开发行人民币普通股（A 股）股票 1,500.00 万股，每 股面值 1.00 元，每股发行价格 5.6 元。 截至 2025 年 11 月 30 日，公司募集资金的存储情况如下： 单位：元 | 账户名称 | 银行名称 | 账号 | 截止日余额 | | --- | --- | --- | --- | | 无锡灵鸽能源科技 | 中国光大银行股份有限 | 399201 ...

证券代码：920284 证券简称：灵鸽科技 公告编号：2025-138 无锡灵鸽机械科技股份有限公司募投项目延期公告 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、 募集资金基本情况 2023 年 12 月 8 日，无锡灵鸽机械科技股份有限公司发行普通股 15,000,000.00 股，发行方式为向不特定合格投资者公开发行，发行价格为 5.6 元/股，募集资金 总额为 84,000,000.00 元，募集资金净额为 69,173,113.21 元，到账时间为 2023 年 12 月 12 日。公司因行使超额配售选择权取得的募集资金净额为 12,599,787.74 元，到账时间为 2024 年 1 月 18 日。 二、 募集资金使用情况 截至 2025 年 11 月 30 日，公司上述发行股份的募集资金使用情况具体如下： 单位：元 | 账户名称 | 银行名称 | 专户账号 | 金额（元） | | --- | --- | --- | --- | | 无锡灵鸽机 械科技股份 | 北京银行股份有限公 司 ...

无锡灵鸽机械科技股份有限公司 第四届董事会第十八次会议决议公告 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 证券代码：920284 证券简称：灵鸽科技 公告编号：2025-137 1.会议召开时间：2025 年 12 月 29 日 2.会议召开地点：公司 4 楼会议室 二、议案审议情况 （一）审议通过《关于公司募投项目延期的议案》 1.议案内容： 具体内容详见公司于 2025 年 12 月 30 日在北京证券交易所信息披露平台 （http://www.bse.cn/）披露的《无锡灵鸽机械科技股份有限公司募投项目延期 公告》（公告编号：2025-138）。 3.会议召开方式：现场结合通讯方式 4.发出董事会会议通知的时间和方式：2025 年 12 月 26 日以邮件方式发出 5.会议主持人：董事长王洪良 6.会议列席人员：全体高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开符合《中华人民共和国公司法》《中华人民共和国证 券法》《公司章程》以及 ...

证券代码：920284 证券简称：灵鸽科技 公告编号：2025-136 无锡灵鸽机械科技股份有限公司 关于投资者关系活动记录表的公告 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、 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 □其他 二、 投资者关系活动情况 活动时间：2025 年 12 月 23 日 活动地点：上海浦东丽思卡尔顿酒店 参会单位及人员：天风证券、永赢基金、中银基金、中邮基金、华夏基金、 华泰柏瑞基金、创金合信基金、德邦基金、汇添富基金、中欧基金、景顺长城、 广发基金、南方基金、博时基金、西部利得基金、博道基金、汇安基金、翊安投 资、云汉资产、交银施罗德、国寿安保、肇万资产、瀛赐基金、银河基金、东吴 基金、国寿安保基金、华商基金、彤源投资、中盛晨嘉基金。 上市公司接待人员：公司董事会秘书、财务负责人、董事王玉琴女士；证券 事务代表：尤佳女士。 三、 投资者关系活动主要内容 问题一：公司固态电池物料处理系统主要运用场景是什么？ □新闻发布会 □分析师会议 ...

证券代码：920284 证券简称：灵 鸽 科 技 公告编号：2025-135 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。 公司于2024年6月19日、2024年6月28日召开第四届董事会第五次会议、第四 届董事会第六次会议，审议通过了《关于回购股份方案的议案》、《关于回购股 份方案（修订稿）的议案》。同意公司使用自有资金以竞价方式回购公司股份， 回购股份后续用于实施股权激励或员工持股计划。截至2025年6月28日，公司通过 回购股份专用证券账户以连续竞价方式回购公司股份701,614股，占公司总股本的 0.67%，回购的最高成交价为9.18元/股，最低成交价为5.07元/股；已支付的总金额 为4,635,540.98元（不含印花税、佣金等交易费用），回购均价为6.61元/股。 （二）本员工持股计划规模 本员工持股计划通过非交易过户方式过户的股份数量为70.1614万股，占目前 公司股本总额的0.67%，全部来源于上述回购股份。本次非交易过户完成后，公 司回购专用证券账户持有的公司股票数量为0股。 二 ...

Market Overview - The A-share market experienced an overall pullback in the third week of November 2025, with the average daily trading amount on the Beijing Stock Exchange (BSE) falling to 214 billion yuan, a decrease of 5.86% from the previous week[1] - The BSE 50 Index declined by 0.56%, which is less than the declines seen in other major indices, indicating relative stability[1] Trading Activity - The average daily trading volume on the BSE was 213.92 billion yuan, with a turnover rate of 22.52%[1][8] - The BSE's trading volume accounted for 1.05% of the total market, reflecting a further decrease in trading activity compared to the previous week[11] Sector Performance - Among the 24 sectors on the BSE, 13 sectors had a positive median return, with the utilities sector leading at a median increase of 4.54%[18] - The automotive sector had the largest median decline at -2.22%[18] Valuation Insights - The computer sector had the highest trailing twelve months (TTM) price-to-earnings (P/E) ratio at 141.58 times, followed by the communication sector at 129.85 times, while the construction and decoration sector had a relatively low P/E ratio of 28.08 times[18] New Listings and IPOs - During the week, there was one IPO on the BSE, with no new stocks listed[36] Risks - There is a noted risk of further pullback in BSE stock performance, particularly following the historical high of the BSE 50 Index on September 8, 2025[38]