Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company is expected to face slight pressure on its performance in Q3 2025, but it has strong order reserves in multiple sectors such as oil and gas, hydraulic systems, and aerospace, which are expected to drive growth [4][7] - The company is focusing on expanding its deep-sea engineering and overseas markets through a convertible bond project, which aims to enhance its production capacity in specialized materials [4][7] - The "self-production + collaborative manufacturing" model is anticipated to support the growth of various product lines and the capacity expansion in the aerospace sector [5][7] Financial Performance Summary - The company achieved revenue of 672 million yuan in Q1-Q3 2025, representing a year-on-year increase of 7%, with a net profit of 49.9 million yuan, up 8% year-on-year [7] - Revenue projections for 2025-2027 are 1,096 million yuan, 1,247 million yuan, and 1,419 million yuan, respectively, with corresponding net profits of 94 million yuan, 110 million yuan, and 128 million yuan [5][8] - The company’s earnings per share (EPS) are projected to be 0.93 yuan in 2025, 1.09 yuan in 2026, and 1.26 yuan in 2027, with a price-to-earnings (P/E) ratio decreasing from 26 in 2025 to 19 in 2027 [5][8] Business Development and Strategy - The company is advancing its "intelligent flexible production line for valves" and "high-end casting and processing expansion" projects through a 120 million yuan convertible bond issuance [7] - The Thai subsidiary is expected to reach a production value target of 100 million yuan by 2026, contributing to the overall growth and margin improvement [7] - The company has established a supply chain system with over 300 collaborative manufacturers, enhancing operational efficiency and supporting its growth strategy [7]

| 证券代码：920943 | 证券简称：优机股份 公告编号：2025-122 | | --- | --- | | 债券代码：810011 | 债券简称：优机定转 | 四川优机实业股份有限公司 一、 授权现金管理情况 （一）审议情况 四川优机实业股份有限公司（以下简称"公司"）于 2025 年 9 月 29 日及 2025 年 10 月 10 日分别召开第六届董事会审计委员会第十四次会议决议、第 六届董事会第二十二次会议，审议通过了《关于使用闲置募集资金进行现金管 理的议案》，在确保资金安全、不影响募集资金投资项目实施的前提下，公司 拟使用不超过人民币 7,000 万元的闲置募集资金进行现金管理，投资的产品品 种为定期存款、结构性存款、可转让大额存单等安全性高、流动性好、可以保 障投资本金安全的银行理财产品。公司拟投资产品的期限最长不超过 12 个月， 在上述额度范围内资金可以循环滚动使用，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，则决议的有效期自动顺延至 该笔交易期满之日。 具体内容详见公司于 2025 年 10 月 10 日在北京证券交易所信息披露平台 （www.bse ...

| 证券代码：920943 | 证券简称：优机股份 | 公告编号：2025-120 | | --- | --- | --- | | 债券代码：810011 | 债券简称：优机定转 | | 四川优机实业股份有限公司 第六届董事会第二十三次会议决议公告 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 6.会议列席人员：董事会秘书、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、议案审议程序均符合《公司法》和《公司章程》 的 有关规定。 （二）会议出席情况 1.会议召开时间：2025 年 10 月 28 日 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯召开 4.发出董事会会议通知的时间和方式：2025 年 10 月 22 日以电子邮件方式发 出 5.会议主持人：董事长罗辑先生 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事赵桂斌、崔彦军因工作地原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于公司 2025 ...

Core Viewpoint - The financing activities of Youji Co., Ltd. show a positive trend with a net buying of 649,900 yuan on October 21, 2025, indicating a strengthening market sentiment towards the stock [1][3]. Financing Activities Summary - On October 21, 2025, Youji Co., Ltd. had a financing buy of 1,908,700 yuan and a financing repayment of 1,258,800 yuan, resulting in a net financing purchase of 649,900 yuan and a financing balance of 15,990,200 yuan [1]. - The net financing purchases over the last three trading days totaled 1,178,700 yuan [1]. - The financing balance on October 21, 2025, increased by 4.24% compared to the previous day [3][4]. Trading Data Summary - The financing balance on October 20, 2025, was 15,340,200 yuan, with a net buying of 391,500 yuan [2]. - On October 17, 2025, the financing balance was 14,948,700 yuan, with a net buying of 137,300 yuan [2]. - The financing balance on October 16, 2025, decreased to 14,811,500 yuan, reflecting a net repayment of 60,000 yuan [2]. - The financing balance on October 15, 2025, was 14,871,500 yuan, with a significant net repayment of 995,400 yuan [2].