Group 1 - The core point of the announcement is the decision made during the third extraordinary general meeting of shareholders regarding the use of capital reserves to cover losses [2][4][7] - The meeting was held on September 12, 2025, with all nine directors present, and the voting process complied with legal and regulatory requirements [2][3] - The resolution to use capital reserves to cover losses was approved, with specific amounts detailed in the financial report [4][8] Group 2 - The company reported a cumulative undistributed profit of -398,157,643.03 yuan as of December 31, 2024, and plans to use 20,871,998.43 yuan from surplus reserves and 377,285,644.60 yuan from capital reserves to offset this loss [8] - The company is required to notify creditors of this decision within 30 days of the shareholders' meeting, allowing them to claim debts or request guarantees [9][10] - Creditors have a 45-day window from the announcement date to assert their claims, with specific procedures outlined for submission [10][12]

证券代码：603011 证券简称：合锻智能 公告编号：2025-041 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 一、通知债权人的原由 合肥合锻智能制造股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日、 2025 年 9 月 12 日召开第五届董事会第十九次会议、2025 年第三次临时股东会， 审议通过了《关于公司使用公积金弥补亏损的议案》。具体内容详见公司于 2025 年 8 月 27 日在上海证券交易所网站（www.sse.com.cn）披露的《关于使用公积 金弥补亏损的公告》（公告编号：2025-038）。 根据容诚会计师事务所（特殊普通合伙）出具的《审计报告》，截至 2024 年 12 月 31 日，公司母公司财务报表口径累计未分配利润为-398,157,643.03 元， 盈余公积为 20,871,998.43 元，资本公积为 1,375,614,375.14 元。根据《中华 人民共和国公司法》、财政部《关于公司法、外商投资法施行后有关财务处理问 题的通知》等法律法规、规范性文件以及《公 ...

证券代码：603011 证券简称：合锻智能 公告编号：2025-040 合肥合锻智能制造股份有限公司 2025年第三次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 12 日 (二)股东会召开的地点：公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 803 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 185,748,460 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 37.5693 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东会由公司董事会召集，董事长严建文先生主持。本次股东会的召集、 召开和表决方式符合《公司法》等有关法律、行政法规、部门规章、规范性文件 和《公司章程》的规定。 (五 ...

北京市天元律师事务所 关于合肥合锻智能制造股份有限公司 2025 年第三次临时股东会的法律意见 京天股字（2025）第 575 号 致：合肥合锻智能制造股份有限公司 合肥合锻智能制造股份有限公司（以下简称"公司"）2025 年第三次临时股东 会（以下简称"本次股东会"）采取现场投票与网络投票相结合的方式，现场会议 于 2025 年 9 月 12 日 14 点 30 分在公司会议室召开。北京市天元律师事务所（以下 简称"本所"）接受公司聘任，指派本所律师参加本次股东会现场会议，并根据《中 华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证券法》"）《上市公 司股东会规则》（以下简称"《股东会规则》"）以及《合肥合锻智能制造股份有限公 司章程》（以下简称"《公司章程》"）等有关规定，就本次股东会的召集、召开程序、 出席现场会议人员的资格、召集人资格、会议表决程序及表决结果等事项出具本法 律意见。 为出具本法律意见，本所律师审查了《合肥合锻智能制造股份有限公司第五届 董事会第十九次会议决议公告》《合肥合锻智能制造股份有限公司关于召开 2025 年 第三次临时股东会的通知》（以下简称"《召开股东会通知》"） ...

Company Overview - Hefei HuoDuan Intelligent Manufacturing Co., Ltd. was established on September 7, 1997, and listed on November 7, 2014. The company specializes in the research, production, and sales of forging equipment and intelligent detection and sorting equipment [2] - The main business revenue composition includes color sorters (49.80%), hydraulic presses (30.93%), mechanical presses (14.87%), and other (3.62%) [2] - As of June 30, 2025, the number of shareholders is 70,900, a decrease of 11.09% from the previous period, with an average of 6,975 circulating shares per person, an increase of 12.47% [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 982 million yuan, a year-on-year increase of 8.23%, while the net profit attributable to the parent company was 9.51 million yuan, a year-on-year decrease of 11.39% [2] - The company has distributed a total of 157 million yuan in dividends since its A-share listing, with 14.83 million yuan distributed in the last three years [3] Stock Performance - On September 12, the stock price of HuoDuan Intelligent rose by 2.01%, reaching 17.75 yuan per share, with a trading volume of 862 million yuan and a turnover rate of 9.93%, resulting in a total market capitalization of 8.776 billion yuan [1] - Year-to-date, the stock price has increased by 159.12%, with a 15.79% rise over the last five trading days, a 10.04% rise over the last 20 days, and an 18.49% rise over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" 19 times this year, with the most recent appearance on June 19, where it recorded a net buy of -125 million yuan [1] Institutional Holdings - As of June 30, 2025, the fourth largest circulating shareholder is Huaxia High-end Manufacturing Mixed A, holding 4.6428 million shares, an increase of 900 shares from the previous period. Huaxia Leading Stock is the tenth largest circulating shareholder, holding 2 million shares as a new shareholder [3]

Investment Rating - The report maintains a positive investment outlook for the controllable nuclear fusion industry, particularly focusing on Z-pinch technology and its commercialization potential by 2030 [4]. Core Insights - The controllable nuclear fusion era is accelerating, with significant growth in global investment, rising from $1.9 billion in 2021 to $9.7 billion in 2025, indicating strong investor confidence and technological breakthroughs [1][20]. - Z-pinch technology is gaining traction due to its safety, economic efficiency, and environmental friendliness, positioning it as a viable alternative in the fusion technology landscape [2][3]. - The 2030s are recognized as a critical period for the commercialization of fusion energy, with many companies planning to operate demonstration power plants during this timeframe [26]. Summary by Sections 1. Accelerating Towards Controllable Nuclear Fusion - The controllable nuclear fusion industry is experiencing robust policy support and investment growth, with a projected commercialization period starting in 2030 [1][10]. - The report highlights the establishment of a multi-level policy framework in China to promote fusion energy development, including regulatory, industrial, and capital support [12][15]. 2. Inertial Confinement Technology and Z-Pinch Advancements - Z-pinch technology is emerging as a prominent method in inertial confinement fusion, with significant advancements in safety and economic viability [2][3]. - The report outlines the development stages for Z-pinch technology, including key technical challenges and milestones expected by 2040 [3][51]. 3. Global Investment Trends in Fusion Energy - The fusion industry has seen a surge in investment, with a notable increase in public funding and a diverse range of investors entering the market [21][22]. - The report emphasizes the growing interest from various sectors, including technology venture capital, industrial giants, and sovereign funds, reflecting the industry's broad appeal [21][22]. 4. Investment Recommendations - The report suggests focusing on companies involved in Z-pinch technology components, such as drivers, fusion targets, and subcritical fission blankets, with specific companies highlighted for potential investment [4].

Group 1 - The A-share market experienced a collective decline on September 9, with the Shanghai Composite Index down by 0.12%. The precious metals, motorcycles, and engineering machinery sectors showed positive performance, while the internet sector faced significant losses [1] - The machine tool sector exhibited mixed performance, with the machine tool ETF (159663) down by 0.70%. Notable gainers included companies like Gongzhan Intelligent (+5.69%), Xinshi Da (+5.14%), Haomai Technology (+5.09%), and Jiangte Electric (+3.23%), while Huadong Numerical Control and Lide Harmonic showed declines of -3.43% and -3.06% respectively [1] - Recent developments in Tesla's robotics, including a new $1 trillion compensation plan for Musk and a strategic shift towards AI, indicate that the robotics industry is nearing a significant breakthrough. The latest demonstration of the gold version of Optimus showcased a highly dexterous hand, suggesting advancements towards a more biomimetic and refined design [1] Group 2 - Northeast Securities highlighted that humanoid robots will be a key industry focus over the next decade, emphasizing the importance of components such as sensors, lead screws, and reducers, which possess substantial value and barriers to entry. Policies aimed at equipment upgrades and economic stimulation are expected to support the recovery of general sectors like machine tools [1][2]

Core Viewpoint - The controlled nuclear fusion concept has gained momentum, with significant stock price increases in related companies, particularly in the case of Hezhong Intelligent, which reached its daily limit up [1][2]. Company Summary - Hezhong Intelligent (603011) reached a limit-up price of 16.86 CNY per share, with a price-to-earnings ratio of 438.12 and a total market capitalization of 8.336 billion CNY. The stock saw a trading volume of 860 million CNY, doubling from the previous day, indicating heightened interest from major investors [2]. - The company has established itself as a rare "authentic controlled nuclear fusion stock" in the A-share market, leveraging decades of technical expertise in high-end forming machine tools and cross-domain collaboration. It holds a core position in traditional sectors such as automotive lightweighting, aerospace, and nuclear power, while also supplying hydraulic machines for battery cooling plates and fuel cell electrode plates to leading firms like BYD and CATL [2][4]. Industry Summary - The controlled nuclear fusion sector is experiencing accelerated industrialization globally, with Hezhong Intelligent's deep integration of traditional equipment manufacturing and nuclear fusion technology serving as a competitive advantage. The company has successfully transferred its core technologies, such as high-precision processing and vacuum welding, to the manufacturing of nuclear fusion equipment [4]. - Hezhong Intelligent has developed a vacuum isothermal forging device with dimensions of 18m×8m×6m and a maximum forming pressure exceeding 80,000 tons, optimizing structural rigidity control by 15% compared to similar equipment from China National Machinery Industry Corporation. This equipment meets the stringent manufacturing requirements for large, precision components needed in nuclear fusion reactors [4].

9月8日，A股三大股指涨跌不一。截至发稿，上证指数涨0.13%，深证成指涨0.15%，创业板指跌1.25%。 可控核聚变概念午后走强。截至发稿，合锻智能（603011）涨停，国光电气涨超14%，永鼎股份、常辅股份、联创光电等跟涨。 | 合锻智能 < > | 店 Q | | --- | --- | | 603011 脚 ▼ | | | 16.86 今开 15.27 最高 16.86 最低 15.27 | | | 9.98% 1.53 换手 10.48% 总手 51.8万 金额 8.36亿 | | | 总值 83.36亿 流值 83.36亿 市盈型 438.12 更多 | | （文章来源：上海证券报） 〔〕 股东大会： 于 2025-09-12 召开 2025 年第三次临时... ▪ ○ ㄨ 五日 日 K 周Ｋ 月K 更多。 分时 9.98% 卖1 16.86 16.86 23.7万 买1 分时成交 ▼ 13:41 16.86 3 13:41 16.86 28 7 13:41 16.86 13:41 16.86 37 13:41 16.86 4 13:41 16.86 28 29 13:41 16.86 13:4 ...

9月8日，合锻智能涨5.02%，截至发稿，报16.10元/股，成交4.55亿元，换手率5.84%，总市值79.60亿 元。 资料显示，合肥合锻智能制造股份有限公司位于安徽省合肥市经济技术开发区紫云路123号，成立日期 1997年9月7日，上市日期2014年11月7日，公司主营业务涉及锻压设备的研发、生产和销售,智能检测分 选装备的研发、生产和销售业务。主营业务收入构成为：色选机49.80%，液压机30.93%，机压机 14.87%，其他(补充)3.62%，其他0.78%。 东方低碳经济混合A（021094）成立日期2025年3月4日，最新规模6174.28万。成立以来收益6.55%。 东方低碳经济混合A（021094）基金经理为李瑞。 截至发稿，李瑞累计任职时间7年270天，现任基金资产总规模80.65亿元，任职期间最佳基金回报 65.17%， 任职期间最差基金回报-19%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从基金十大重仓股角度 数据显 ...