股票研究 /[Table_Date] 2026.02.26 [Table_Industry] 机械行业 出口链月度跟踪：主要航线海运费同比持续下 滑，2 月美国住房市场指数同比-14.29% | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | | 丁嘉一(分析师) | 021-23187266 | dingjiayi@gtht.com | S0880525080009 | 本报告导读： 美元兑人民币小幅贬值，主要航线海运费同比继续下滑；美国餐饮 RPI环比下降， 美国住房市场指数环比承压。 投资要点： [Table_Invest] 评级： 增持 [Table_Report] 相关报告 机械行业《特斯拉宣布重启光伏组件生产，三年 年化目标 100GW》2026.02.25 ...

Core Viewpoint - The company, Jack Technology, is focused on its core business of intelligent manufacturing and aims to provide efficient and reliable smart manufacturing solutions through technological innovation [2] Group 1: Company Focus and Development - The company is currently engaged in research and development projects related to smart manufacturing, which are still in the stages of product development, technology validation, and joint innovation with customers [2] - No products that can be mass-produced and sold have been formed yet, indicating that the company is still in the early stages of its technological advancements [2] Group 2: Investment Considerations - There is uncertainty regarding the progress of the projects and technological iterations, which suggests potential investment risks [2]

Investment Rating - The report assigns an "Accumulate" rating for the industry [6] Core Insights - The report highlights a differentiated demand structure within the industry, with specific focus on export-oriented consumer enterprises that possess global manufacturing layouts, brand output capabilities, and channel integration advantages. These companies are expected to achieve sustained growth amid changing external environments and policy dynamics [4][7] - Key companies recommended for investment include: Juxing Technology, Yindu Co., Taotao Vehicle, Honghua Digital Science, and Jack Co. The report also mentions related companies such as Haoyang Co. [7][18] Summary by Relevant Sections Cost Tracking - The report notes a slight depreciation of the USD against the RMB, with the exchange rate at 6.95 as of January 30, 2026, reflecting a 1.30% increase from January 23, 2026. Additionally, shipping costs have decreased year-on-year across various routes, with the overall container freight index down by 16.92% year-on-year [7][15] Industry High-Frequency Data Tracking - The report provides insights into the U.S. restaurant industry, indicating a decrease in the Restaurant Performance Index (RPI) to 99.2 in November 2025, down 0.4% from October 2025. The U.S. housing market index also shows a significant year-on-year decline of 21.28% as of January 2026 [7][10][11] - In the motorcycle industry, the report notes a year-on-year increase in export volume by 15.83% despite a month-on-month decline of 2.73% in December 2025 [5] - The golf cart industry experienced a year-on-year export increase of 7.66% in December 2025, with total export value reaching $0.43 billion for the month [7][5]

Investment Rating - The report assigns an "Accumulate" rating for the industry [6] Core Insights - The report highlights a differentiated demand structure within the industry, with specific focus on export-oriented consumer enterprises that possess global manufacturing layouts, brand output capabilities, and channel integration advantages [4][7] - It emphasizes the importance of companies with diversified capacity allocation, stable customer loyalty, and pricing power to achieve sustained growth amid changing external environments and policy negotiations [7] - The report recommends specific companies such as Juxing Technology, Yindu Co., Taotao Vehicle, Honghua Digital Technology, and Jack Co. as key investment targets, while also mentioning Haoyang Co. as a related stock [7][18] Summary by Relevant Sections Cost Tracking - The report notes a slight depreciation of the USD against the RMB, with the exchange rate at 6.95 on January 30, 2026, reflecting a 1.30% increase from January 23, 2026 [7] - Shipping costs have decreased year-on-year across various routes, with the overall container freight index (CCFI) at 1175.59, down 16.92% year-on-year and 2.74% month-on-month [7] Industry High-Frequency Data Tracking - The report provides insights into the U.S. restaurant industry, indicating a decrease in the Restaurant Performance Index (RPI) to 99.2 in November 2025, down 0.4% from October 2025 [7] - The U.S. housing market index showed a year-on-year decline of 21.28% in January 2026, with a current index of 37, reflecting a 5.13% month-on-month decrease [7] - The golf cart industry experienced a year-on-year export increase of 7.66% in December 2025, with an export value of $0.43 billion for the month and a total of $3.63 billion for the year [7]

证券代码：603337 证券简称：杰克科技 公告编号：2026-001 杰克科技股份有限公司 关于股权激励限制性股票回购 注销实施公告 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： 登录新浪财经APP 搜索【信披】查看更多考评等级 （二）本次回购注销的相关人员、数量 一、本次限制性股票回购注销的决策与信息披露 1、2025年11月17日，公司召开第六届董事会第二十八次会议，审议通过了《关于回购注销部分限制性 股票及调整回购价格的议案》。具体内容详见公司于2025年11月18日在上海证券交易所网站 （www.sse.com.cn）披露的《关于回购注销部分限制性股票及调整回购价格的公告》（公告编号： 2025-078）。 ●回购注销原因：公司2023年限制性股票激励计划（以下简称"2023年激励计划"）首次授予中因激励对 象离职不再具备激励对象资格共涉及限制性股票数量15,600股，公司根据相关规定将上述激励对象已获 授但尚未解除限售的限制性股票合计15,600股进行回购注销处理。 2、2025年12月9日，公司 ...

证券代码：603337 证券简称：杰克科技 公告编号：2026-001 ●回购注销原因：公司 2023 年限制性股票激励计划（以下简称"2023 年激 励计划"）首次授予中因激励对象离职不再具备激励对象资格共涉及限制性股票 数量 15,600 股，公司根据相关规定将上述激励对象已获授但尚未解除限售的限 制性股票合计 15,600 股进行回购注销处理。 ●本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | --- | --- | --- | | 15,600 | 15,600 | 2026 年 2 月 5 日 | 一、本次限制性股票回购注销的决策与信息披露 1、2025 年 11 月 17 日，公司召开第六届董事会第二十八次会议，审议通过 了《关于回购注销部分限制性股票及调整回购价格的议案》。具体内容详见公司 于 2025 年 11 月 18 日在上海证券交易所网站（www.sse.com.cn）披露的《关于 回购注销部分限制性股票及调整回购价格的公告》（公告编号：2025-078）。 2、2025 年 12 月 9 日，公司在上海证券交易所网站（www.sse.com ...

北京国枫律师事务所 关于杰克科技股份有限公司 2023 年限制性股票激励计划首次授予部分 第二个解除限售期解除限售条件成就 暨调整回购价格及回购注销部分限制性股票 相关事宜的法律意见书 国枫律证字[2023] AN165-8 号 GRANDWAY 北京国枫律师事务所 关于杰克科技股份有限公司 北京国枫律师事务所 2023 年限制性股票激励计划首次授予部分 Grandway Law Offices 第二个解除限售期解除限售条件成就 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 邮编: 100005 电话（Tel）: 010-88004488/66090088 传真(Fax): 010-66090016 释 义 本法律意见书中,除非文义另有所指,下列词语或简称具有如下含义: 杰克科技、公司 指 杰克科技股份有限公司 《激励计划》 /《股 《杰克科技股份有限公司 2023年限制性股票激励计划(草案)》 指 权激励计划》 本次激励计划/本激 指 杰克科技 2023 年限制性股票激励计划 励计划 本次解锁 指 本次激励计划首次授予部分第二个解除限售期解除限售条件成就 本次调整 指 调整本激励计划首次授予部 ...

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。 杰克科技股份有限公司（以下简称"公司"）全资子公司拓卡奔马机电科技有 限公司（以下简称"拓卡奔马"）、浙江杰克智能缝制科技有限公司（以下简称 "杰克智能"）、公司控股子公司浙江鼎牛智能制造有限公司（以下简称"浙江 鼎牛"）、浙江海蜂智能科技有限公司（以下简称"浙江海蜂"）于近日收到由浙 江省经济和信息化厅、浙江省财政厅、国家税务总局浙江省税务局联合颁发的《高 新 技 术 企 业 证 书 》 ， 高 新 技 术 企 业 证 书 编 号 分 别 为 GR202533006149 、 GR202533006170、GR202533006255、GR202533000003，发证日期为 2025 年 12 月 19 日，有效期三年。 公司全资子公司拓卡奔马、杰克智能本次高新技术企业的认定，系原证书有 效期届满之后所进行的重新认定，公司控股子公司浙江鼎牛、浙江海蜂本次高新 技术企业的认定，系首次被认定为高新技术企业。根据《中华人民共和国企业所 得税法》以及国家对高新技术企业的相关税收规定， ...

公司全资子公司拓卡奔马、杰克智能本次高新技术企业的认定，系原证书有效期届满之后所进行的重新 认定，公司控股子公司浙江鼎牛、浙江海蜂本次高新技术企业的认定，系首次被认定为高新技术企业。 格隆汇2月2日丨杰克科技(603337.SH)公布，公司全资子公司拓卡奔马机电科技有限公司（以下简称"拓 卡奔马"）、浙江杰克智能缝制科技有限公司（以下简称"杰克智能"）、公司控股子公司浙江鼎牛智能 制造有限公司（以下简称"浙江鼎牛"）、浙江海蜂智能科技有限公司（以下简称"浙江海蜂"）于近日收 到由浙江省经济和信息化厅、浙江省财政厅、国家税务总局浙江省税务局联合颁发的《高新技术企业证 书》，高新技术企业证书编号分别为GR202533006149、GR202533006170、GR202533006255、 GR202533000003，发证日期为2025年12月19日，有效期三年。 ...

Core Viewpoint - Jack Technology (603337.SH) announced that its subsidiaries have received the "High-tech Enterprise Certificate" from the Zhejiang Provincial Department of Economy and Information Technology, Zhejiang Provincial Department of Finance, and the State Taxation Administration of Zhejiang Province, which is valid for three years [1] Group 1: Company Achievements - The wholly-owned subsidiary, Tuokabenma Electromechanical Technology Co., Ltd., and Jack Intelligent Sewing Technology Co., Ltd. have been re-certified as high-tech enterprises after the expiration of their previous certificates [1] - The holding subsidiary, Zhejiang Dingniu Intelligent Manufacturing Co., Ltd., and Zhejiang Haifeng Intelligent Technology Co., Ltd. have been recognized as high-tech enterprises for the first time [1] Group 2: Certification Details - The high-tech enterprise certificate numbers are GR202533006149, GR202533006170, GR202533006255, and GR202533000003, with the issuance date being December 19, 2025 [1]