[Definitions](index=4&type=section&id=Item%201.%20Definitions) This section provides definitions of key terms used throughout the report [Company Profile and Key Financial Indicators](index=4&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section outlines the company's fundamental information and presents its key accounting data and financial performance metrics [Company Basic Information](index=4&type=section&id=I.%20Company%20Information) This chapter provides basic information about Ningbo Jingda Forming Equipment Co., Ltd., including its name, legal representative, contact details, and stock overview - Company basic information, contact details, and stock code remain unchanged. The legal representative is Zhang Dan[13](index=13&type=chunk)[14](index=14&type=chunk) [Key Accounting Data and Financial Indicators](index=5&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Revenue slightly increased by 1.10%, but net profit attributable to shareholders decreased by 25.77% due to rising costs, while total assets and net assets grew significantly Key Accounting Data | Key Accounting Data | Current Period (Jan-Jun) | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 400,737,179.50 Yuan | 396,385,263.82 Yuan | 1.10% | | Net Profit Attributable to Shareholders | 65,052,655.31 Yuan | 87,637,808.92 Yuan | -25.77% | | Net Profit Attributable to Shareholders (Excl. Non-recurring) | 61,042,410.37 Yuan | 81,753,926.10 Yuan | -25.33% | | Net Cash Flow from Operating Activities | 53,498,566.57 Yuan | 56,797,551.78 Yuan | -5.81% | | **Asset Status** | **End of Current Period** | **End of Prior Year** | **Period-end vs. Prior Year-end Change (%)** | | Total Assets | 1,822,200,229.12 Yuan | 1,386,454,455.86 Yuan | 31.43% | | Net Assets Attributable to Shareholders | 1,075,858,174.60 Yuan | 777,897,888.21 Yuan | 38.30% | Key Financial Indicators | Key Financial Indicators | Current Period (Jan-Jun) | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 0.14 | 0.20 | -30.00% | | Weighted Average Return on Net Assets (%) | 7.16% | 11.69% | Decreased by 4.53 percentage points | - Non-recurring gains and losses totaled **4,010,244.94 Yuan** for the reporting period, primarily from government subsidies and fair value changes in financial assets[21](index=21&type=chunk)[22](index=22&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=Item%203.%20Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's industry, main business operations, core competencies, and key financial performance during the reporting period [Industry and Main Business Overview](index=7&type=section&id=I.%20Description%20of%20the%20Company's%20Industry%20and%20Main%20Business%20during%20the%20Reporting%20Period) The company specializes in forming equipment manufacturing, expanding into precision molds and stamping parts through acquisition, benefiting from growth in downstream sectors like automotive and data centers - The company's main businesses are heat exchanger equipment and precision presses, with downstream applications covering the air conditioning, automotive, home appliance, and electronics industries[25](index=25&type=chunk)[34](index=34&type=chunk) - Positive outlook for downstream markets: **Air conditioning heat exchangers** are expected to reach a global market size of **360-430 billion Yuan** by 2024; **Micro-channel heat exchangers** are projected to approach **20 billion Yuan** in China by 2030; **High-speed precision presses** are estimated to have a Chinese market capacity of **40-50 billion Yuan** by 2025[25](index=25&type=chunk)[28](index=28&type=chunk)[31](index=31&type=chunk) - During the reporting period, the company acquired **100% equity of Wuxi Weiyan**, adding precision molds, precision stamped automotive parts, and micro-hole EDM special processing machine tools, extending its industrial chain[36](index=36&type=chunk) [Discussion and Analysis of Operations](index=12&type=section&id=II.%20Discussion%20and%20Analysis%20of%20Operations) In H1 2025, operating revenue grew 1.1% to 401 million Yuan, but net profit declined 25.77% to 65.05 million Yuan due to external factors, while the company completed the Wuxi Weiyan acquisition and advanced market and R&D initiatives Financial Indicators | Financial Indicator | H1 2025 | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 400,737,179.50 Yuan | +1.1% | | Net Profit Attributable to Shareholders | 65,052,655.31 Yuan | -25.77% | - The company achieved a milestone in its capital strategy by completing the acquisition of **100% equity of Wuxi Weiyan** on May 1, 2025, integrating it into the consolidated financial statements to enhance core competitiveness[38](index=38&type=chunk) - In market marketing, the company steadfastly pursued its overseas and key client strategies; Wuxi Weiyan, the acquired entity, saw its export orders increase by approximately **70%** in the first half, with North American orders reaching last year's full-year level[39](index=39&type=chunk)[40](index=40&type=chunk) - Significant progress in technology R&D includes: **Heat exchanger equipment**: upgraded the world's first fin storage and retrieval machine, completing the development of a three-station model; **Precision presses**: delivered a **46-series large cylindrical battery structural component high-speed production line** to a client and completed the development of an ultra-precision high-speed press with bottom dead center accuracy compensation; **Micro-channel heat exchangers**: collaborated with German company JSM to develop a new generation of tube mills[41](index=41&type=chunk)[42](index=42&type=chunk) [Analysis of Core Competencies](index=16&type=section&id=III.%20Analysis%20of%20Core%20Competencies%20during%20the%20Reporting%20Period) The company's core competencies span technology, equipment, in-house core component development, customer resources, brand, human resources, and comprehensive service capabilities, supported by numerous patents and global client reach - The company possesses strong technological advantages, holding nearly **100 patents** and leading or participating in the formulation of **12 national and industry standards**[47](index=47&type=chunk) - The company has equipment advantages, owning over **270 high-precision CNC machining equipment** from international top brands, ensuring micron-level processing accuracy for critical components[47](index=47&type=chunk) - The company has achieved independent R&D and high-quality manufacturing of core functional components, such as precision beds, planetary gear sets, and precision guide components, enhancing machine matching and reducing costs[48](index=48&type=chunk) - The company boasts extensive customer resources, exporting products to **78 countries and regions** worldwide, and has established strong collaborations with leading enterprises in the new energy vehicle sector[48](index=48&type=chunk)[49](index=49&type=chunk) [Analysis of Key Operating Performance](index=18&type=section&id=IV.%20Key%20Operating%20Performance%20during%20the%20Reporting%20Period) Operating revenue slightly increased by 1.1% due to the Wuxi Weiyan acquisition, but operating costs rose 21.73%, impacting profit margins, while investment cash flow decreased significantly due to acquisition payments Key Operating Performance | Item | Current Period Amount | Prior Year Period Amount | Change (%) | Main Reason | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 400,737,179.50 Yuan | 396,385,263.82 Yuan | 1.10 | Sales growth of mold products after Wuxi Weiyan consolidation | | Operating Cost | 252,871,745.25 Yuan | 207,738,567.22 Yuan | 21.73 | Due to acquisition of Wuxi Weiyan | | Administrative Expenses | 21,957,290.80 Yuan | 15,877,180.77 Yuan | 38.29 | Increase in management personnel salaries and intangible asset amortization | | Financial Expenses | -8,182,223.51 Yuan | -3,961,893.41 Yuan | -106.52 | Increase in foreign exchange gains | | Net Cash Flow from Investing Activities | -45,443,655.21 Yuan | 30,046,692.06 Yuan | -251.24 | Increase in investment payments for acquisition | | Net Cash Flow from Financing Activities | 48,539,450.98 Yuan | -129,935,166.10 Yuan | 137.36 | Proceeds from share issuance for asset acquisition | - The company acquired **100% equity of Wuxi Weiyan** through share issuance and cash payment, and established **JS Machinery GmbH**, a 90% owned subsidiary, in Germany in March 2025[58](index=58&type=chunk)[59](index=59&type=chunk) - As of the end of the reporting period, the company's overseas assets amounted to **51,018,422.78 Yuan**, accounting for **2.80%** of total assets[56](index=56&type=chunk) [(III) Analysis of Assets and Liabilities](index=19&type=section&id=(III)%20Analysis%20of%20Assets%20and%20Liabilities) Total assets reached **1.82 billion Yuan**, increasing by 31.43% due to the Wuxi Weiyan acquisition, which significantly impacted fixed assets, intangible assets, goodwill, and accounts receivable Assets and Liabilities | Item Name | Current Period End Amount | Prior Year End Amount | Change (%) | Main Reason | | :--- | :--- | :--- | :--- | :--- | | Total Assets | 1,822,200,229.12 Yuan | 1,386,454,455.86 Yuan | 31.43 | Increase in consolidation scope | | Accounts Receivable | 207,922,910.66 Yuan | 131,124,713.03 Yuan | 58.57 | Increase in consolidation scope | | Fixed Assets | 332,493,625.31 Yuan | 163,173,329.88 Yuan | 103.77 | Increase in consolidation scope | | Goodwill | 45,590,421.25 Yuan | 0 Yuan | - | Due to asset acquisition | | Capital Reserve | 336,801,211.20 Yuan | 42,695,054.46 Yuan | 688.85 | Due to acquisition | [(I) Potential Risks](index=25&type=section&id=(I)%20Potential%20Risks) The company faces risks from intensified market competition, adverse external environments impacting exports, rising costs affecting gross margins, new market development challenges, talent retention, contract performance, accounts receivable, exchange rate fluctuations, and inventory management - The company faces multiple risks including market competition, export environment, declining gross margins, market expansion, talent mobility, contract performance, accounts receivable, exchange rate fluctuations, and inventory management[65](index=65&type=chunk)[66](index=66&type=chunk)[67](index=67&type=chunk)[68](index=68&type=chunk) [Corporate Governance, Environment, and Society](index=28&type=section&id=Item%204.%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details changes in the company's board, supervisors, and senior management, along with the progress of its equity incentive plans [Changes in Directors, Supervisors, Senior Management, and Incentive Plans](index=28&type=section&id=I.%20Changes%20in%20the%20Company's%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The company saw changes in its board secretary and appointed new vice general managers, while conditions for the third unlocking period of its 2022 restricted stock incentive plan were met - During the reporting period, the company appointed **Jiang Liangbo** as Vice General Manager and Board Secretary, and **Cai Leiming** and **Hu Liyi** as Vice General Managers[71](index=71&type=chunk) - The conditions for the third unlocking period of the company's **2022 Restricted Stock Incentive Plan** were met, involving **86 individuals** and unlocking a total of **2,278,752 shares**[73](index=73&type=chunk) [Significant Matters](index=30&type=section&id=Item%205.%20Significant%20Matters) This section covers the fulfillment of commitments, significant related party transactions, and the utilization of raised funds during the reporting period [Fulfillment of Commitments](index=30&type=section&id=I.%20Fulfillment%20of%20Commitments) The company and related parties strictly fulfilled all commitments, including those related to the acquisition of Wuxi Weiyan, with specific performance targets set for its net profit - The counterparty for the acquisition of Wuxi Weiyan committed that the target company's non-recurring net profit for **2024, 2025, and 2026** shall not be less than **36.1 million Yuan, 38.3 million Yuan, and 39.7 million Yuan**, respectively[79](index=79&type=chunk) [Significant Related Party Transactions](index=33&type=section&id=X.%20Significant%20Related%20Party%20Transactions) The most significant related party transaction involved the acquisition of **100% equity of Wuxi Weiyan** through share issuance and cash payment, along with a private placement to the controlling shareholder to raise supporting funds - The company acquired **100% equity of Wuxi Weiyan** through share issuance and cash payment, and raised approximately **180 million Yuan** in supporting funds through a private placement to its controlling shareholder[83](index=83&type=chunk) [Use of Raised Funds](index=36&type=section&id=XII.%20Explanation%20of%20Progress%20in%20Use%20of%20Raised%20Funds) The company raised approximately **180 million Yuan** through a private placement, with the entire net proceeds of **178 million Yuan** fully utilized for the cash consideration of the Wuxi Weiyan acquisition and related expenses Raised Funds Utilization | Source of Raised Funds | Total Raised Funds | Net Raised Funds | Cumulative Amount Invested as of Reporting Period End | | :--- | :--- | :--- | :--- | | Private Placement of Shares to Specific Objects | 179,999,997.12 Yuan | 177,757,434.74 Yuan | 179,999,997.12 Yuan | [Share Changes and Shareholder Information](index=39&type=section&id=Item%206.%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital and provides an overview of its shareholder structure, including the top ten shareholders [Share Capital Changes](index=39&type=section&id=I.%20Share%20Capital%20Changes) The company's total share capital increased from approximately **438 million** to **502 million shares** due to the Wuxi Weiyan acquisition and supporting fund raising, significantly increasing restricted shares - Due to the issuance of shares for asset acquisition and the raising of supporting funds, the company's total share capital increased by **64,516,126 shares**, reaching **502,387,966 shares**[95](index=95&type=chunk)[96](index=96&type=chunk) - The newly added **64,516,126 shares** are all restricted shares, increasing the total number of restricted shares to **66,794,878 shares**, accounting for **13.30%** of the total share capital[95](index=95&type=chunk)[99](index=99&type=chunk) [Shareholder Information](index=42&type=section&id=II.%20Shareholder%20Information) As of the reporting period end, the company had **32,566 common shareholders**, with Ningbo Chengxing Holding Co., Ltd. as the controlling shareholder, and new top ten shareholders emerging from the Wuxi Weiyan acquisition Top Shareholders | Shareholder Name | Shares Held at Period End | Percentage (%) | Share Nature | | :--- | :--- | :--- | :--- | | Ningbo Chengxing Holding Co., Ltd. | 161,228,450 | 32.09 | State-owned Legal Person | | Zheng Liangcai | 24,739,904 | 4.92 | Domestic Natural Person | | Cai Leiming | 23,922,419 | 4.76 | Domestic Natural Person | | Ningbo Guangda Investment Co., Ltd. | 21,978,364 | 4.37 | Domestic Non-state-owned Legal Person | | Zhejiang Yinwan Private Equity Fund Management Co., Ltd. - Yinwan Quanying No. 11 | 21,512,960 | 4.28 | Other | [Bond-Related Information](index=46&type=section&id=Item%207.%20Bond-Related%20Information) This section provides an overview of the company's bond-related activities and outstanding debt instruments [Corporate Bond Information](index=46&type=section&id=I.%20Corporate%20Bonds%20(Including%20Enterprise%20Bonds)%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) During the reporting period, the company had no outstanding corporate bonds, enterprise bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds - The company has no outstanding bonds of any type[109](index=109&type=chunk) [Financial Report](index=47&type=section&id=Item%208.%20Financial%20Report) This section presents the company's unaudited semi-annual consolidated and parent company financial statements, along with detailed notes [Financial Statements](index=47&type=section&id=II.%20Financial%20Statements) This chapter provides the company's unaudited H1 2025 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity Consolidated Income Statement Core Data (Jan-Jun 2025) | Item | Amount | | :--- | :--- | | Total Operating Revenue | 400,737,179.50 Yuan | | Total Operating Cost | 322,930,432.50 Yuan | | Total Profit | 76,069,840.72 Yuan | | Net Profit | 66,495,821.90 Yuan | | Net Profit Attributable to Parent Company Shareholders | 65,052,655.31 Yuan | Consolidated Cash Flow Statement Core Data (Jan-Jun 2025) | Item | Amount | | :--- | :--- | | Net Cash Flow from Operating Activities | 53,498,566.57 Yuan | | Net Cash Flow from Investing Activities | -45,443,655.21 Yuan | | Net Cash Flow from Financing Activities | 48,539,450.98 Yuan | | Net Increase in Cash and Cash Equivalents | 60,067,545.20 Yuan | [Notes to Financial Statements](index=71&type=section&id=III.%20Company%20Basic%20Information) The notes detail the company's basic information, financial statement preparation basis, accounting policies, taxes, and significant changes in consolidated financial statement items, notably due to the Wuxi Weiyan acquisition - The company completed a non-same-control business combination of **Wuxi Weiyan** on May 1, 2025, with a merger consideration of **360 million Yuan**, recognizing **45,590,421.25 Yuan** in goodwill[333](index=333&type=chunk)[449](index=449&type=chunk) - The company and some subsidiaries enjoy a **15%** corporate income tax preferential rate as high-tech enterprises[245](index=245&type=chunk)[246](index=246&type=chunk) - As of the period end, the book balance of accounts receivable was **269 million Yuan**, with a bad debt provision of **61.52 million Yuan**; inventory book balance was **503 million Yuan**, with an impairment provision of **55.91 million Yuan**[263](index=263&type=chunk)[305](index=305&type=chunk)

宁波精达8月18日披露半年报，公司上半年实现营业收入4.01亿元，同比增长1.10%；归属于上市公司股 东的净利润6505.27万元，上年同期8763.78万元，同比下降25.77%；基本每股收益0.14元。 ...

格隆汇8月18日丨宁波精达(603088.SH)公布2025年半年度报告，报告期实现营业收入4.01亿元，同比增 长1.10%；归属于上市公司股东的净利润6505.27万元，同比下降25.77%；归属于上市公司股东的扣除非 经常性损益的净利润6104.24万元，同比下降25.33%；基本每股收益0.14元。 ...

Group 1 - The company plans to establish a wholly-owned subsidiary with an investment of 20 million RMB to engage in the sales of metal forming equipment and molds, as well as related mechanical components [1] - The investment does not involve any related party transactions and does not constitute a major asset restructuring as defined by the regulations [1]

证券日报网讯 8月6日晚间，宁波精达发布关于2022年限制性股票激励计划首次及预留授予部分第三个 解除限售期解锁暨上市公告称，公司本次股票上市类型为股权激励股份；股票认购方式为网下，本次股 票上市流通总数为2，278，752股。本次股票上市流通日期为2025年8月14日。 （编辑 任世碧） ...

证券代码：603088 证券简称：宁波精达 公告编号：2025-047 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上 市股数为2,278,752股。 宁波精达成形装备股份有限公司 本次股票上市流通总数为2,278,752股。 关于 2022 年限制性股票激励计划首次及预留授予部分 第三个解除限售期解锁暨上市公告 本次股票上市流通日期为2025 年 8 月 14 日。 宁波精达成形装备股份有限公司（以下简称"公司"）于 2025 年 7 月 28 日召 开了第五届董事会第十七次会议和第五届监事会第十七次会议，审议通过了《关 于公司 2022 年限制性股票激励计划首次及预留授予部分第三个解除限售期解除限 售条件成就的议案》。根据《上市公司股权激励管理办法》、公司《2022 年限制性 股票激励计划（草案）》（以下简称"本次激励计划"）的相关规定，本次激励计划 首次及预留授予部分第三个解除限售期解锁条件已经成就，现将本次解锁暨上市 有关事项说明如下： 一、2 ...

中国宁波市鄞州区定宁街380号宁波报业传媒大厦A座北楼7层 邮编：315040 7/F ,Press Media North Building, A,No.380 Dingning Street,Yinzhou District, Ningbo, China 电话/Tel: +86 574 8736 0126 传真/Fax: +86 574 8726 6222 网址/Website: http://www.grandall.com.cn 二〇二五年 国浩律师（宁波）事务所 关于 宁波精达成形装备股份有限公司 2022年限制性股票激励计划 首次及预留授予部分第三个解除限售期 解除限售条件成就事项之法律意见书 | 目 录 | | --- | | 第一节 | 引 言 2 | | --- | --- | | 第二节 | 正 文 3 | | | 一、本次解除限售的批准和授权 3 | | | 二、本次解除限售相关情况 4 | | | （一）限售期已届满 4 | | | （二）限制性股票解除限售条件已经成就 4 | | | （三）限制性股票解除限售情况 6 | | | 三、结论性意见 7 | | 第三节 | 签署页 8 | ...

Core Viewpoint - Ningbo Jinda Forming Equipment Co., Ltd. has successfully achieved the conditions for the third unlock period of its 2022 restricted stock incentive plan, allowing 86 incentive objects to unlock a total of 2.278752 million shares, which is 0.45% of the company's total share capital [15][20][25]. Group 1: Board Meeting Resolutions - The fifth board meeting on July 28, 2025, was held legally with all 11 directors present [1]. - The board approved the unlocking conditions for the third unlock period of the 2022 restricted stock incentive plan, with 10 votes in favor and 1 abstention [3]. - The board also approved the appointment of a new vice president and board secretary, with unanimous support [4][31]. Group 2: Stock Incentive Plan Details - A total of 86 individuals, including 78 from the initial grant and 8 from the reserved grant, meet the conditions for unlocking [15][19]. - The number of shares eligible for unlocking includes 2.14956 million shares from the initial grant and 0.129192 million shares from the reserved grant [20]. - The unlocking of shares is scheduled for August 14, 2025, following the completion of necessary procedures [21]. Group 3: Management Changes - Liu Mingjun resigned as the board secretary due to health reasons, with her resignation effective immediately upon submission [30]. - Jiang Liangbo was appointed as the new vice president and board secretary, with qualifications approved by the Shanghai Stock Exchange [31]. - Hu Liyi and Cai Leiming were appointed as vice presidents, with their terms lasting until the end of the current board's tenure [33].

Core Points - Ningbo Jinda Forming Equipment Co., Ltd. appointed Hu Liyi and Cai Leiming as deputy general managers during the 17th meeting of the fifth board of directors on July 28, 2025 [1] - The appointments are effective from the date of the board's approval until the end of the current board's term [1] Group 1 - Hu Liyi has a master's degree and has held various positions including director and financial director at the company since February 2023 [2] - Cai Leiming holds an MBA from the University of Chicago and has extensive experience in finance and management, including roles at AT&T and as chairperson of Wuxi Micro Research Co., Ltd. [3][4] - As of the announcement date, Cai Leiming holds 23,922,419 shares, representing 4.76% of the company's total share capital [4]

第三个解除限售期解除限售条件成就的公告 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个别及连带责任。 重要内容提示： 本次符合解除限售条件的激励对象人数：86 人，其中首次授予部分 78 人，预留 授予部分 8 人。 证券代码：603088 证券简称：宁波精达 公告编号：2025-044 宁波精达成形装备股份有限公司 关于 2022 年限制性股票激励计划首次及预留授予部分 本次可解除限售的限制性股票数量：227.8752 万股，占目前公司总股本的 0.45%。 其中：首次授予部分可解除限售的限制性股票数量为 214.9560 万股，占目前公司总股本 的 0.43%；预留授予部分可解除限售的限制性股票数量为 12.9192 万股，占目前公司总股 本的 0.03%。 本次限制性股票待相关解除限售上市申请完成后，公司将发布相关解锁暨上市的 公告，敬请投资者注意。 一、2022 年限制性股票激励计划批准及实施情况 1、2022 年 3 月 21 日，公司召开第四届董事会第十次会议审议通过了《关于公司<2022 年限制性股票激励计划（草案）>及 ...