Core Viewpoint - Jack Technology Co., Ltd. is actively seizing growth opportunities in the industrial sewing machine industry, achieving significant revenue and profit growth in 2024, driven by strategic product focus and market expansion efforts [2][3]. Group 1: Financial Performance - In 2024, Jack Technology achieved an operating income of 6.094 billion yuan, representing a year-on-year increase of 15.11% [2]. - The net profit attributable to shareholders reached 812 million yuan, marking a substantial year-on-year growth of 50.86% [2]. - The company anticipates a total domestic production of industrial sewing machines to be approximately 6.85 million units in 2024, reflecting a year-on-year growth of 22.32% [2]. Group 2: Strategic Initiatives - The company is focusing on four key strategic initiatives: "focusing on explosive products," "breaking through high-end," "deepening SKU simplification," and "end-to-end high quality" [2]. - Jack Technology has successfully signed contracts with 10 world-class benchmark clients, contributing to increasing revenue [2]. - The product line has been streamlined to 1,400 items, significantly enhancing resource allocation efficiency [2]. Group 3: Product Development and Innovation - The company is advancing AI applications in garment manufacturing, with significant progress in high-end product development, including the prototype of a high-end AI sewing machine [3]. - Jack Technology plans to officially launch the high-end AI intelligent sewing machine in the second half of 2025 and aims to release a humanoid robot by the second half of 2026 [3]. - The integration of robotics and automation solutions is expected to enhance production efficiency and solidify the company's leading position in the sewing machinery sector [3]. Group 4: International Market Performance - In 2024, the gross profit margin for overseas products was 37.27%, an increase of 3.88 percentage points year-on-year [3]. - The company has made breakthroughs in overseas markets, establishing key customer models in countries like Vietnam and Cambodia [3]. - The innovative marketing model has begun to yield commercial results, indicating potential for further growth in emerging markets [3].

Summary of the Conference Call on Textile Industry Robotics Development Industry Overview - The textile equipment sector is experiencing double-digit growth in revenue and net profit attributable to shareholders in Q1 2024-2025, driven by product structure upgrades such as Huahua Digital's direct injection products and Jack's industrial sewing machines, with gross margin improvement being a key driver of profit growth [1][2] - Capital expenditure in domestic textile manufacturing remains strong with double-digit growth, despite being lower than last year, indicating a recovery in the industry as demand from Southeast Asia is robust and orders from Europe and the US are rebounding [1][4] Company Insights - Jack Co. has a strong foundation in technology and data accumulation, which enhances its competitiveness in humanoid robot investments, aiming to develop flexible production lines [3][11] - The average PE ratio for A-share textile equipment companies is around 20 times, which is approximately 15% lower than the average over the past three years, indicating potential investment opportunities in leading companies with stable profitability [5] Robotics in Textile Manufacturing - The penetration rate of robots in the sewing segment is currently below 5%, significantly lower than the 20% in earlier production stages, due to the need for direct handling of finished garments and the variability in fabric size and type [8][6] - Humanoid robots face challenges in the sewing segment, particularly in task scheduling and allocation algorithms, which are crucial for large enterprises with numerous automated guided vehicles (AGVs) [7][14] Strategic Developments - Jack Co. is focusing on humanoid robots as a growth anchor starting in 2025, transitioning from single-machine intelligence to production line intelligence, addressing labor cost issues for clients [9][12] - The company is collaborating with third-party robotics firms to enhance its capabilities and is adopting a gradual approach to technology deployment, aiming for flexible production lines by 2026 [10][11] Market Demand and Challenges - There is a strong demand from downstream clients for humanoid robots to address production challenges and potentially replace manual labor, which could lead to a recovery in Jack Co.'s stock price and market value [12] - The textile industry faces unique challenges, including maintenance needs due to environmental conditions and the historically low automation rate in the sewing segment, which could be improved through advancements in end-effectors [14][15] Future Outlook - Titan Technology is also entering the humanoid robotics field, planning to develop specialized robots and digital solutions, indicating a broader trend towards automation in the textile industry [13][15]

证券代码：603337 证券简称：杰克股份 公告编号：2025-039 杰克科技股份有限公司 本公司董事会、全体董事及相关股东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： ? 股东持股的基本情况 本减持计划实施前，杰克科技股份有限公司（以下简称"公司"）股东赵新 庆先生持有公司股份 1,359,534 股，占公司总股本的 0.2834%；股东车建波先生 持有公司股份 550,700 股，占公司总股本的 0.1148%。 ? 减持计划的实施结果情况 公司于 2025 年 3 月 8 日披露了《股东集中竞价减持股份计划公告》 （公告编 号：2025-008），因个人资金需求，股东赵新庆先生、车建波先生计划自本公告 披露之日起 15 个交易日后的 3 个月内通过集中竞价交易方式合计减持公司股份 不超过 1,631,684 股，即减持比例不超过公司总股本的 0.3401%。截至本公告披 露日，本次减持计划实施完毕，股东赵新庆先生于 2025 年 3 月 31 日至 2025 年 生于 2025 年 3 月 31 日至 2025 年 5 月 ...

证券代码：603337 证券简称：杰克股份 公告编号：2025-039 杰克科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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。 公司于 2025 年 3 月 8 日披露了《股东集中竞价减持股份计划公告》（公告编 号：2025-008），因个人资金需求，股东赵新庆先生、车建波先生计划自本公告 披露之日起 15 个交易日后的 3 个月内通过集中竞价交易方式合计减持公司股份 不超过 1,631,684 股，即减持比例不超过公司总股本的 0.3401%。截至本公告披 露日，本次减持计划实施完毕，股东赵新庆先生于 2025 年 3 月 31 日至 2025 年 5 月 12 日期间累计减持 1,081,051 股，占公司总股本的 0.2253%；股东车建波先 生于 2025 年 3 月 31 日至 2025 年 5 月 12 日期间累计减持 550,700 股，占公司总 股本的 0.1148%。 | 股东名称 | 赵新庆 | | | | --- | --- | --- | --- | | 股 ...

杰克股份（603337）公告，股东赵新庆于2025年3月31日至2025年5月12日期间累计减持108.11万股，占 公司总股本的0.2253%；股东车建波于2025年3月31日至2025年5月12日期间累计减持55.07万股，占公司 总股本的0.1148%。赵新庆和车建波合计减持0.3401%公司股份。减持价格区间分别为29.22～36.99元/股 和32.56～38.6元/股，减持总金额分别为3715.68万元和1865.76万元。 ...

Summary of Conference Call Records Company and Industry Involved - **Company**: Softcom Power (软通动力) - **Industry**: PC and AI Technology, Robotics Key Points and Arguments 1. **Upcoming Product Launch**: The HarmonyOS PC is expected to be released soon, coinciding with the Huawei Developer Conference (HDC2025) scheduled for June. The company is recognized as a rare player in the HarmonyOS integrated hardware and software market in China [1][2][4] 2. **Revenue Growth**: For 2024, the software and digital technology services segment is projected to generate revenue of 18.1 billion yuan, reflecting a year-on-year increase of 3%. The computing products and smart electronics segment is expected to achieve revenue of 12.9 billion yuan. In Q4 2024, PC shipments are anticipated to increase by 126% year-on-year, with the company holding the second-largest market share in China. The PC terminal business is the leading player in the government and education sectors [2][4] 3. **AI Collaborations**: The company has formed strategic partnerships for model applications with major players such as Huawei, Alibaba, Microsoft, Baidu, and ByteDance. In the infrastructure domain, it collaborates with Huawei Ascend to build an integrated AI ecosystem. The company has successfully implemented large models in sectors like insurance, retail, and healthcare [2][4] 4. **Robotics Initiatives**: In 2024, the company established the Softcom Tianqing Robotics Technology Co., Ltd. in Wuxi and has partnered with Zhiyuan Robotics to develop humanoid robots for general scenarios [2][4] 5. **Market Positioning**: The company is positioned to benefit significantly from the accelerated development of the HarmonyOS ecosystem, given its unique integrated hardware and software strategy [2][4] Other Important but Possibly Overlooked Content - **Competitor Insights**: The records also mention other companies in related sectors, such as: - **JACK Co.**: Reported a revenue of 1.79 billion yuan in Q1 2025, a year-on-year increase of 10.06%, with a net profit of 250 million yuan, up 30.76% year-on-year. The company is focusing on high-end AI sewing machines and humanoid robots [4] - **Yunsheng Electronics**: Achieved a Q1 revenue of 14.576 billion yuan, a year-on-year increase of 9.78%, with a net profit of 340 million yuan, reflecting a year-on-year increase of 11.08% [4] - **Market Risks**: The documents include a disclaimer about market risks and the need for independent judgment in investment decisions [5]

Investment Rating - The investment rating for the company is "Buy" [12] Core Viewpoints - Jack Co., Ltd. is a global leader in industrial sewing machines, benefiting from trends such as small batch quick response and efficiency improvements in sewing equipment, which drive equipment upgrades and replacements domestically. Internationally, the company benefits from equipment upgrades abroad and the shift of global garment manufacturing to emerging economies, enhancing China's share in the global sewing equipment market [4][10] - The company has established a leading position in technology through its popular products and is expected to lead the development of sewing robots as it undertakes key national projects [10][20] - The sewing machinery industry is characterized by significant cyclicality, with equipment upgrades and new technology trends being key drivers for replacement. The industry is currently experiencing a new upward cycle driven by the "small batch quick response" trend in garment production [7][54] Summary by Relevant Sections Company Overview - Jack Co., Ltd. is the largest global enterprise in the sewing equipment industry, with a market share of approximately 31% in industrial sewing machines as of 2023. The company provides a complete solution for garment intelligent manufacturing, covering the entire process from material storage to final product warehousing [20][22] Industry Trends - The global garment manufacturing focus is shifting towards emerging economies, with China and Japan being significant suppliers of sewing equipment. The demand for Chinese sewing equipment is expected to grow as the country enhances its smart manufacturing capabilities [8][10] - The industry is witnessing a transition from traditional equipment to high-efficiency, intelligent devices to improve production efficiency and reduce labor costs, driven by the increasing demand for quick response production models [62] Financial Performance - The company's revenue has shown overall growth over the past decade, with significant fluctuations due to industry cycles. In 2021, revenue reached 6.054 billion, a year-on-year increase of 71.91%. However, in 2022, revenue decreased to 5.502 billion, a decline of 9.12% due to external economic pressures [26][34] - For 2024, the company is projected to achieve revenue of 6.094 billion, a year-on-year increase of 15.11%, driven by the recovery of domestic and international industry cycles and the success of its "explosive product strategy" [26][34] Product and Profitability - Industrial sewing machines account for over 80% of the company's revenue, with a gross margin of 31.28% in 2024, reflecting an increase due to the introduction of high-margin products [32][38] - The company has been increasing its R&D investment, with R&D expense ratios rising from 7.1% in 2022 to 8.0% in 2024, indicating a commitment to innovation and technology leadership [34][41]

证券代码：603337 证券简称：杰克股份 公告编号：2025-037 杰克科技股份有限公司 2024年年度股东大会决议公告 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)股东大会召开的时间：2025 年 5 月 6 日 (二)股东大会召开的地点：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 | 123 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 336,776,837 | | 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 | 73.9589 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，副董事长谢云娇女士主持本次会议。本次股东 大会采用现场投票和网络投票相结合的方式表决，会议的召集、召开程序符合《公 司法》《证券法》《上市公司股东会规则》等 ...

证券代码：603337 证券简称：杰克股份 公告编号：2025-036 杰克科技股份有限公司 关于股份回购进展公告 三、其他事项 一、回购股份的基本情况 杰克科技股份有限公司（以下简称"公司"）于 2025 年 4 月 7 日召开第六届 董事会第二十次会议，审议通过了《关于以集中竞价交易方式回购公司股份的议 案》，同意公司使用自有资金以集中竞价交易方式回购公司股份用于股权激励，回 购价格不超过人民币 37 元/股（含），回购资金总额不低于 7,500 万元（含）且不 超过 15,000 万元（含），回购期限为自董事会审议通过回购股份方案之日起不超 过 12 个月。具体内容详见公司于 2025 年 4 月 8 日在《上海证券报》和上海证券 交易所网站（www.sse.com.cn）披露的《关于以集中竞价交易方式回购公司股份 的公告》（公告编号：2025-012）。 二、回购股份的进展情况 根据《上市公司股份回购规则》及《上海证券交易所上市公司自律监管指引 第 7 号——回购股份》的相关规定，上市公司应当在每个月的前 3 个交易日内公 告截至上月末的回购进展情况，现将公司回购股份的进展情况公告如下： 截至 202 ...

证券代码：603337 证券简称：杰克股份 公告编号：2025-038 杰克科技股份有限公司 关于回购注销部分限制性股票及注销回购股份 暨通知债权人的公告 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法律责任。 一、通知债权人的原因 1、回购注销部分限制性股票并减少注册资本 公司于 2024 年 7 月 11 日召开第六届董事会第十四次会议和第六届监事会第 九次会议，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》， 公司拟回购注销因激励对象离职不再具备激励对象资格、公司 2020 年限制性股 票激励计划第三个解除限售期解除限售条件未成就、公司 2022 年股票期权与限 制性股票激励计划第二个解除限售期解除限售条件未成就的已获授但尚未解除 限售的限制性股票合计 1,326,440 股。具体详见公司于 2024 年 7 月 12 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：2024-042）。上述股份已于 2024 年 10 月 9 日 注销完 ...