Core Viewpoint - The company reported a slight increase in revenue for the first half of 2025, but a significant decline in net profit, indicating potential challenges in profitability despite stable sales growth [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 401 million yuan, a year-on-year increase of 1.10%, and a net profit attributable to shareholders of 65.05 million yuan, a year-on-year decrease of 25.77% [1][2]. - For Q2 2025, the company reported revenue of 215 million yuan, a year-on-year increase of 0.81%, and a net profit of 28.68 million yuan, a year-on-year decrease of 16.43% [1]. Business Overview - The company specializes in the research, development, production, and sales of heat exchanger equipment and precision stamping machines, with products serving various industries including automotive and home appliances [2]. - The microchannel heat exchanger market is expected to grow significantly, with projections indicating a market size nearing 20 billion yuan in China by 2030, with a compound annual growth rate of approximately 10.8% [2]. Margin Analysis - The gross margin for H1 2025 was 36.90%, a decrease of 10.69 percentage points year-on-year, primarily due to increased costs from the acquisition of Wuxi Weiyan [2]. - The net profit margin for H1 2025 was 16.59%, down 6.09 percentage points year-on-year [2]. Acquisition Impact - The acquisition of 100% equity in Wuxi Weiyan is expected to enhance resource integration and create synergies, adding precision mold, precision stamping parts, and micro-hole electrical discharge machining businesses to the company [3]. - The company aims to leverage the advantages of both Ningbo Jingda and Wuxi Weiyan in technology research and development, customer resources, and brand operations to improve core competitiveness [3]. Market Expansion - The company has established a broad customer base across various sectors, including home and commercial air conditioning, and has expanded its reach to 78 countries and regions globally [3]. - The company is focusing on new technologies and projects in areas such as electric vehicles, robotics, and hydrogen energy, with Wuxi Weiyan contributing to research in AI data center cooling and new energy vehicle thermal management [3]. Profit Forecast - Revenue projections for 2025 to 2027 are 1.068 billion yuan, 1.184 billion yuan, and 1.302 billion yuan, respectively, with net profits expected to be 161 million yuan, 194 million yuan, and 237 million yuan [4]. - A target price of 12.82 yuan is set for the next six months, corresponding to a 40 times price-to-earnings ratio for 2025, with an initial "buy" rating [4].

Core Viewpoint - Ningbo Jingda announced its financial results for the first half of 2025, showing a slight increase in revenue but a significant decline in net profit [1] Financial Performance - The company achieved operating revenue of 400,737,179.50 yuan, representing a year-on-year growth of 1.10% [1] - The net profit attributable to shareholders was 65,052,655.31 yuan, which reflects a year-on-year decrease of 25.77% [1]

Core Viewpoint - Ningbo Jingda (603088) announced that as of the date of the announcement, the total amount of guarantees provided to its controlling subsidiary is RMB 0, indicating no overdue guarantees [1] Summary by Relevant Categories - Company Guarantees - The total amount of guarantees provided by the company to its controlling subsidiary is RMB 0 [1] - The company has no overdue guarantees [1]

智通财经APP讯，宁波精达(603088.SH)发布2025年半年度报告，该公司营业收入为4.01亿元，同比增长 1.10%。归属于上市公司股东的净利润为6505.27万元，同比减少25.77%。归属于上市公司股东的扣除非 经常性损益的净利润为6104.24万元，同比减少25.33%。基本每股收益为0.14元。 ...

Core Viewpoint - Ningbo Jinda (603088.SH) aims to enhance its upstream and downstream sales and product categories by establishing a wholly-owned subsidiary for metal forming equipment and related sales, with an investment of 20 million RMB [1] Group 1 - The company plans to improve supply chain collaboration between parent and subsidiary companies [1] - The establishment of the sales company is intended to increase after-sales service efficiency [1] - The investment will support future business expansions, such as setting up new production bases and expanding product lines [1] Group 2 - The company will invest 20 million RMB using its own funds, with a 100% ownership stake in the new sales company [1]

宁波精达成形装备股份有限公司 章程修订对照表 宁波精达成形装备股份有限公司（以下简称公司）根据《公司法》 (2023 修订)、 《上市公司章程指引(2025 修订)》 、《上市公司治理准则》、 《上海证券交易所股票上市规则(2025 年 4 月修订)》 《上海证券交易 所上市公司自律监管指引第 1 号——规范运作(2025 年 5 月修订)》 等相关法律、法规、规范性文件的最新规定，同时结合公司自身实际 情况，现对《公司章程》进行了系统性的梳理和修订。具体修订情况 如下（注：下文黑色部分为修订内容） 修订后章程（结合新公司法、上市公司 修订前章程 章程指引（2025）等相关法律及规定） 第一章 总则 第一章 总则 第二章 经营宗旨和范围 第二章 经营宗旨和范围 第三章 股份 第三章 股份 第一节 股份发行 第一节 股份发行 第二节 股份增减和回购 第二节 股份增减和回购 第三节 股份转让 第三节 股份转让 第四章 股东和股东大会 第四章 股东和股东会 第一节 股东 第一节 股东的一般规定 第二节 股东大会的一般规定 第二节 控股股东和实际控制人 第三节 股东大会的召集 第三节 股东会的一般规定 第四节 股东大 ...

Summary of Key Points Core Viewpoint - Ningbo Jinda Forming Equipment Co., Ltd. announced a guarantee of 1 million euros for its subsidiary JS Machinery GmbH to support its business development and customer prepayment guarantee needs [1][2]. Group 1: Guarantee Details - The guarantee amount is set at 1 million euros, with the guarantee period effective from the board meeting approval until the 2025 annual shareholders' meeting [1][2]. - The company has confirmed that the guarantee is within the previously estimated limits and includes a counter-guarantee from the subsidiary [1][2]. - As of June 30, 2025, the asset-liability ratio of JS Machinery GmbH is 67.36%, indicating a manageable level of debt [2][4]. Group 2: Subsidiary Information - JS Machinery GmbH is a holding subsidiary, with Ningbo Jinda holding a 90% stake and the remaining 10% held by JAN PETER SCHÖLER [4]. - The company was established in March 2025, located in Lübeck, Germany, with a registered capital of 500,000 euros [4]. - Key financial indicators for the subsidiary include total assets of 694.88 million RMB, total liabilities of 468.08 million RMB, and a net profit of -181.62 million RMB for the first half of 2025 [4]. Group 3: Board Approval and Risk Management - The board of directors approved the guarantee on August 18, 2025, emphasizing that the guarantee aligns with the operational needs of the subsidiary [5]. - The company maintains that the guarantee does not harm the interests of the company or minority shareholders, complying with relevant laws and regulations [5]. - The total amount of guarantees provided by the company to its subsidiaries remains at zero, with no overdue guarantees reported [5].

宁波精达成形装备股份有限公司 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、募集资金基本情况 备股份有限公司发行股份购买资产并募集配套资金注册的批复》（证监许可〔2025〕651 号），同意公司向特定对象发行股份购买相关资产，募集配套资金不超过 18,000 万元的 注册申请。 根据信永中和会计师事务所（特殊普通合伙）出具的《验资报告》，截至 2025 年 5 月 28 日止，公司实际已发行人民币普通股股票 32,258,064.00 股，发行价格 5.58 元/股， 募集资金总额为 179,999,997.12 元。上述募集资金由独立财务顾问（主承销商）民生证券 股份有限公司于 2025 年 5 月 28 日在扣除承销费用人民币 1,000,000.00 元（含税）后，存 入募集资金专户，到账金额为人民币 178,999,997.12 元。 截至 2025 年 6 月 30 日，公司募集资金具体使用情况如下： 证券代码：603088 证券简称：宁波精达 公告编号：2025-054 单位：人民币元 | 募集资金总额 ...

证券代码：603088 证券简称：宁波精达 公告编号：2025-050 宁波精达成形装备股份有限公司 关于变更注册资本、取消监事会并修订《公司章程》及修订、制定 部分制度的公告 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。 宁波精达成形装备股份有限公司（以下简称"公司"）于 2025 年 8 月 18 日召开 第五届董事会第十八次会议，第五届监事会第十八次会议，审议通过了《关于变更注册 资本、取消监事会并修订 <公司章程> 的议案》和修订、制定相关制度的议案。现将有关 情况公告如下： 一、变更注册资本的情况 公司因发行股份及支付现金的方式向交易对方购买其所持有的无锡微研 100%股 权，同时，向控股股东成形控股发行股份募集配套资金，共发行股份 64,516,126 股，公 司注册资本由 437,871,840 元增加至 502,387,966 元。章程相应修订如下： 原条款 修订后的条款 第六条 公司注册资本为人民币 4378 第六条 公司注册资本为人民币 502,387, 第二十条 公司股份总数为 43787.18 ...

Core Points - The company aims to enhance its governance mechanism and establish effective incentive and restraint mechanisms for its directors and senior management [2][3] - The compensation for directors and senior management is determined based on the company's economic performance and the achievement of work objectives [3][4] - The compensation management system is designed to align with the company's actual situation and labor market standards [4][5] Summary by Sections General Principles - The compensation management system is established in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2] - The directors and senior management referred to in this system include all directors, general managers, deputy general managers, financial directors, and board secretaries appointed by the shareholders' meeting or board of directors [2] Management Structure - The Compensation and Assessment Committee of the board of directors is responsible for evaluating and initially determining the compensation plans for directors and senior management [3] Compensation and Assessment Management - Independent and external directors receive fixed allowances approved by the shareholders' meeting, while internal directors and senior management are compensated based on their respective roles and performance [3][4] - Senior management's compensation consists of a fixed salary and performance bonuses, with the latter based on annual operational goals [4] Compensation Management - The salary of directors and senior management is calculated based on their position changes, and they are required to contribute to social insurance and housing funds [4][5] - Salary reductions or withholding of performance bonuses may occur under specific circumstances, such as serious violations of company regulations or causing significant economic losses [5] Compensation Distribution - Monthly salaries are calculated from the first to the last day of the month and are paid in RMB by the 20th of the following month [7] - Performance bonuses are distributed before the Spring Festival of the following year based on actual performance assessment results [7] Compensation Adjustment - The compensation system should serve the company's development strategy and may be adjusted in response to significant changes in the operating environment [6][7] - The Compensation and Assessment Committee can propose temporary special rewards or penalties for specific matters, subject to board approval [6] Supplementary Provisions - Any matters not covered by this system or conflicting with national laws and regulations will be executed according to those laws and the company's articles of association [8] - The board of directors is responsible for interpreting this system [8]