证券代码：603337 证券简称：杰克科技 公告编号：2025-060 杰克科技股份有限公司 关于股份回购进展公告 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： | 回购方案首次披露日 | 2025/4/8，由董事会提议 | | | | | | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 4 7 4 月 | 月 | 日~2026 | 年 | 6 日 | | 预计回购金额 | 7,500万元~15,000万元 | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | □为维护公司价值及股东权益 | | | | | | 累计已回购股数 | 4,872,678股 | | | | | | 累计已回购股数占总股本比例 | 1.0228% | | | | | | 累计已回购金额 | 131,061,568.56元 | | | | | | 实际回购价格区间 | 24.60元/股~3 ...

Core Viewpoint - Jack Technology's stock has experienced fluctuations, with a year-to-date increase of 53.01% but a recent decline in the last five trading days by 4.60% [1] Company Overview - Jack Technology, established on August 27, 2003, and listed on January 19, 2017, is located in Taizhou, Zhejiang Province. The company specializes in the research, production, and sales of industrial sewing machinery, including industrial sewing machines, cutting tables, and fabric laying machines [1] - The main revenue composition includes: intelligent industrial sewing machines (86.87%), intelligent cutting tables and fabric laying machines (10.21%), automatic sewing equipment for shirts and jeans (2.71%), and other (0.21%) [1] Financial Performance - For the first half of 2025, Jack Technology achieved operating revenue of 3.373 billion yuan, a year-on-year increase of 4.27%, and a net profit attributable to shareholders of 477 million yuan, up 14.57% year-on-year [2] - Since its A-share listing, the company has distributed a total of 1.402 billion yuan in dividends, with 752 million yuan distributed in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 13.42% to 10,000, with an average of 46,995 circulating shares per person, a decrease of 12.19% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 15.5558 million shares, an increase of 1.6101 million shares from the previous period. Meanwhile, Guangfa Steady Growth Mixed A has reduced its holdings by 1.95 million shares [3]

Group 1: Key Recommendations - The report emphasizes a shift towards quality over quantity, which is driving a recovery in industrial enterprise profits, with a notable increase in profit growth in August 2025 [5][7][10] - The report highlights that the cumulative profit of industrial enterprises from January to August 2025 has increased by 0.9% year-on-year, reversing a previous decline of 1.7% [9][10] - The report suggests that the improvement in revenue profit margins is a significant contributor to the profit growth, with August 2025 showing a profit margin increase to 17.53%, marking a substantial recovery [11][12] Group 2: Company Analysis - Jack Technology (杰克科技) - Jack Technology has launched a new AI-powered sewing equipment brand, Aitu, which aims to enhance sewing efficiency through deep learning and data integration [15][16] - The company is transitioning from traditional single-machine operations to a more integrated digital and automated production model, with plans to introduce humanoid robots by 2026 [16][17] - Jack Technology's overseas revenue reached 1.785 billion yuan in the first half of 2025, accounting for 52.93% of total revenue, indicating a strong global market presence [17] Group 3: Industry Insights - The report notes that the industrial sector is experiencing a recovery, with significant profit growth in the midstream raw material manufacturing sector, which saw a profit increase of 68.1% in August 2025 [12][14] - The report indicates that the overall electricity consumption in society increased by 5.0% year-on-year, contributing to a 51.2% profit growth in the public utility sector [12][13] - The report outlines that the chemical and non-ferrous metal industries are expected to see average annual growth rates of over 5% from 2025 to 2026, supported by government initiatives [20][21]

Core Insights - The report highlights the launch of the AI-powered sewing equipment brand Aitu by Jack Technology, aiming at the high-end market with its Ai10 sewing machine [1] - The Ai10 sewing machine integrates deep artificial intelligence models to enhance sewing efficiency through features like motion capture, fabric adaptation, and AI guidance [1] - Jack Technology, a leading player in the sewing equipment industry, is leveraging AI technology innovation and global expansion to enter a new development phase [1] Industry Overview - The introduction of the Aitu brand represents a cutting-edge direction in industry technology development, potentially strengthening market position [1] - The extensive data resources accumulated by Jack Technology over the years serve as a crucial foundation for training AI models, enabling significant advancements in sewing technology [1] - The report indicates a positive outlook for the company, with an initial "buy" rating assigned to the new brand and its products [1]

Core Viewpoint - Jack Technology Co., Ltd. is set to hold a half-year performance briefing on October 15, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A sessions [2][3]. Group 1: Meeting Details - The investor briefing will take place on October 15, 2025, from 13:00 to 14:00 [6][7]. - The meeting will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [3][6]. - Key personnel attending the meeting include the Chairman, President, Vice Chairman, Independent Director, and Chief Financial Officer of the company [4]. Group 2: Participation Information - Investors can participate in the briefing by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [5][6]. - A pre-question submission period is available from September 30, 2025, to October 14, 2025, allowing investors to submit questions via the Roadshow Center or the company's email [2][5]. - After the meeting, investors can access the main content and details of the briefing through the Roadshow Center [8].

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage in this regard [3]. Core Viewpoints - The company is positioned as a leader in the sewing equipment industry, leveraging AI technology and global expansion to enter a new development phase. The launch of the AI sewing machine brand Aitu represents a cutting-edge direction in industry technology, which is expected to strengthen its market position [3][25]. - The trend of "small batch quick response" in the garment manufacturing industry necessitates digital management and intelligent equipment, driving the transformation of production models and the update of production lines [1][15]. - The company has established a global marketing network, achieving overseas revenue of 1.785 billion yuan in the first half of 2025, accounting for 52.93% of total revenue, surpassing domestic revenue [3][23]. Summary by Sections 1. Business Situation - The company has evolved into a leading enterprise in the sewing equipment industry, transitioning from a traditional equipment manufacturer to a provider of intelligent manufacturing solutions. It plans to release humanoid robots in late 2026, integrating robotics and automation technology into customer scenarios [7][22]. 2. Industry Overview - The digital transformation in the textile industry is expected to drive equipment upgrades, with fixed asset investment in the textile and apparel sector increasing by 20.1% year-on-year from January to August 2025 [16]. The sewing machinery industry has seen a 32.5% year-on-year increase in export delivery value in the first half of 2025 [16]. 3. Company Outlook - The company is committed to product innovation, with plans to enhance the intelligent level of industrial sewing machines. It has established a robust R&D framework, with a goal to increase R&D expenditure to 10% of sales in the next 3-5 years [21][22]. The introduction of AI sewing machines is anticipated to create new growth points [25]. 4. Profit Forecast and Valuation - The company is projected to achieve revenues of 6.606 billion yuan, 7.529 billion yuan, and 8.288 billion yuan for the years 2025, 2026, and 2027, respectively. Corresponding net profits are expected to be 956 million yuan, 1.110 billion yuan, and 1.303 billion yuan [2][25]. The report indicates a favorable valuation with a projected PE ratio of 23.96 for 2025 [3][28].

杰克科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 证券代码：603337 证券简称：杰克科技 公告编号：2025-059 重要内容提示： 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 9 月 30 日（星期二）至 10 月 14 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@chinajack.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 杰克科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公 司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度 经营成果、财务状况，公司计划于 2025 年 10 月 15 日 （星期三） 13:00-14:00 举行 2025 ...

Core Insights - Jack Technology Co., Ltd. is participating in the 15th China Henan International Investment and Trade Fair, marking its first attendance at this event [1] - The company plans to invest in a smart garment machinery manufacturing project in Shangqiu City, with a total investment of 1 billion yuan [3] Company Overview - Jack Technology, founded in 1995 and headquartered in Zhejiang, focuses on the intelligent garment equipment industry for 30 years [4] - The company is the only one in the global intelligent sewing equipment sector that integrates PDM, APS, MES, WMS, and AI into a comprehensive intelligent manufacturing software system [4] - Jack Technology serves clients across over 170 countries in various sectors, including apparel, footwear, luggage, home goods, leather, automotive, and aviation [4] Project Details - The smart garment machinery project will be located in the Suiyang High-tech Industrial Development Zone, covering an area of approximately 220 acres, with the first phase planned to occupy about 105 acres [3] - The project aims to create a modern production center for automated garment production equipment, including automatic cutting machines and automatic fabric laying machines [3] - The project is expected to be operational in two years, creating over 500 jobs and generating an annual tax revenue of over 5 million yuan [3] Financial Performance - For 2024, Jack Technology anticipates a sales revenue of 6.094 billion yuan, representing a year-on-year growth of 15.11% [4] - The projected net profit for 2024 is 812 million yuan, reflecting a significant year-on-year increase of 50.86% [4]

Summary of the Conference Call for Jack Technology Industry Overview - The conference call focused on the sewing machine industry, particularly the advancements made by Jack Technology in AI sewing machines, specifically the "Aitu" model [2][3]. Key Points and Arguments 1. **Innovative Features of Aitu Sewing Machine**: - The Aitu sewing machine utilizes multi-motor digital feeding, a breakthrough head design, and an AI vision system to address labor shortages and skill devaluation in the sewing industry, especially effective with extreme fabrics [2][5]. - It features a no-oil design and low-temperature operation, achieving self-lubrication through a synchronous belt drive, which reduces oil contamination and temperature, enhancing product quality and production efficiency [2][9]. - The machine allows for parameter switching in one second, significantly improving debugging efficiency and reducing maintenance costs, while also recording worker gesture data to enhance skill levels [2][10]. 2. **Market Positioning and Pricing**: - The Aitu sewing machine is priced at FOB $950, targeting the high-end market. Despite the higher price, it is recognized by customers for its efficiency and labor cost savings [2][11]. - Jack Technology demonstrates its product value through an economic analysis, showing that it can provide approximately $3,000 in value to customers while being priced below $1,000, making it highly attractive [2][14]. 3. **Competitive Advantages**: - The Aitu sewing machine surpasses Japanese brands in three key areas: it can handle extreme materials, perform better with materials that Japanese brands can manage, and complete tasks faster [2][7]. - The machine's technology allows for flexible feeding and ensures stitch quality, challenging the market share traditionally held by Japanese brands [2][7]. 4. **Future Market Growth**: - The overseas sewing machine market is expected to grow faster due to a higher number of large factories that prefer systematic solutions, presenting significant sales opportunities for Jack Technology [2][12][13]. - The company has established a strong presence with around 100 large factories globally, each with annual procurement amounts reaching $20-30 million [2][12]. 5. **Company Transformation and Industry Leadership**: - Since 2021, Jack Technology has undergone significant internal changes, becoming a key industry leader and innovator, with three consecutive quarters of earnings exceeding expectations in 2024 [3][18]. - The company has shifted from being a follower to a leader in the industry, influencing trends such as smart complete systems and rapid return products [3][18]. 6. **Valuation and Market Expectations**: - Jack Technology is currently valued at approximately 25 times PE for 2025, considered one of the most logically certain companies in the robotics sector with the lowest implied expectations [2][15]. - There is a significant implied expectation gap between Jack and other humanoid robot companies, indicating a potential for substantial valuation correction [2][17]. 7. **Impact of Global Manufacturing Workforce**: - The global manufacturing workforce is around 500 million, with approximately 80 million in sewing, representing about 10% of the total. The global apparel output is about $1.8 trillion, indicating a reasonable proportion and value [2][16]. 8. **Trends in AI and Robotics**: - The sewing machine industry is expected to undergo significant changes driven by AI by 2025, with competitors likely to adopt AI technologies, which could lead to a competitive shift in the market [2][19]. - The introduction of embodied intelligent products priced above 100,000 yuan could challenge companies that lag in R&D and profitability, pushing the industry towards higher-end technology [2][21]. 9. **Emerging Competitors**: - Companies like Zhongjie are moving towards integrating embodied intelligence with sewing machines, indicating a broader acceptance of this technology and a shift in industry dynamics [2][22]. Other Important Insights - The conference highlighted the importance of product performance over price for large clients in the sewing machine industry, suggesting that high-quality products can command higher prices [2][11]. - The successful marketing and product demonstrations at the launch event, attended by over 500 participants, primarily overseas clients, indicate strong market interest and potential for future orders [2][4].

Core Insights - Aitu, a brand under Jack Technology, aims to revolutionize the garment manufacturing industry through AI integration, breaking the long-standing dominance of German and Japanese companies in high-end garment manufacturing equipment [1][3] - The brand's innovative AI technology has garnered international recognition, marking a shift for Chinese enterprises from "catching up" to "leading" in this niche [3][4] Technology and Innovation - Aitu has invested over 100 million yuan in R&D, assembling a team of over 300 top global AI experts and collaborating with prestigious universities to create a robust AI-driven product technology system [3][4] - The introduction of the Ai10 device is expected to enhance machine adjustment efficiency by 80%, reduce technician training time by 60%, and improve individual worker productivity by 8% to 15% [4][5] Market Positioning and Strategy - Aitu's brand name pays homage to Alan Turing, with a mission focused on empowering industry value through intelligent manufacturing [5] - The design of Aitu's products addresses dual needs of cost reduction and talent retention, which is crucial for maintaining production efficiency and quality [5][6] Commercialization and Market Penetration - Aitu has established partnerships with leading garment companies and solidified its global supply chain and sales channels, leveraging Jack Technology's existing market presence in over 150 countries [6] - The simultaneous launch of the S90 PRO by Jack Technology complements Aitu's offerings, creating a comprehensive "AI sewing + intelligent cutting" product ecosystem [6]