Meeting Overview - The shareholders' meeting of Wuxi Xinjie Electric Co., Ltd. was held on May 16, 2025, at the company's headquarters in Wuxi, Jiangsu Province [1] - The meeting was attended by shareholders representing 51.2708% of the total shares [1] - The meeting was convened by the board of directors and chaired by Mr. Li Xin, the chairman and general manager [1] Voting Results - All non-cumulative voting proposals were approved with a significant majority, including: - Proposal for the financial budget report, with 72,062,393 votes in favor (99.9945%) [1] - Proposal for the mid-term dividend plan, with 72,061,193 votes in favor (99.9929%) [2] - Proposal for the remuneration of directors and senior management, with 5,251,733 votes in favor (99.8877%) [2] - Proposal for the financial management plan, with 72,039,793 votes in favor (99.9632%) [2] Shareholder Voting Breakdown - The voting results indicated strong support from A-shareholders, with the following details: - For the financial budget report, 99.9945% of A-shareholders voted in favor [1] - For the mid-term dividend plan, 99.9929% of A-shareholders voted in favor [2] - For the remuneration of directors, 99.8877% of A-shareholders voted in favor [2] - For the financial management plan, 99.9632% of A-shareholders voted in favor [2] Legal Compliance - The meeting and voting procedures complied with the Company Law and the company's articles of association, ensuring the legality and validity of the resolutions passed [4] - The meeting was witnessed by lawyers Xu Qianzi and Liu Xinyi, confirming adherence to legal regulations [4]

Investment Rating - The report maintains a "Hold" rating for the company with a target price of —— yuan over the next six months [1][6]. Core Insights - The company achieved a revenue of 1.708 billion yuan in 2024, representing a year-on-year growth of 13.5%, and a net profit attributable to shareholders of 229 million yuan, up 14.8% year-on-year [1][6]. - In Q1 2025, the company reported a revenue of 390 million yuan, a year-on-year increase of 14.3%, but a quarter-on-quarter decrease of 22.0% [1][6]. - The gross profit margin is steadily increasing, with a focus on humanoid robot development [1][6]. Financial Performance Summary - For 2024, the company reported a gross margin of 37.7% and a net margin of 13.4%, with slight improvements in gross margin in Q1 2025 to 38.1% [6][8]. - The company’s servo system revenue reached 810 million yuan in 2024, growing by 10.6% year-on-year, with a gross margin of 24.5% [6][7]. - The PLC business generated 650 million yuan in revenue in 2024, up 21.1% year-on-year, maintaining a high gross margin of 56% [6][7]. Revenue and Profit Forecast - Revenue projections for 2025-2027 are 1.946 billion yuan, 2.225 billion yuan, and 2.512 billion yuan, respectively, with growth rates of 13.92%, 14.34%, and 12.91% [2][8]. - The net profit attributable to shareholders is expected to grow to 276 million yuan in 2025, 347 million yuan in 2026, and 436 million yuan in 2027, with growth rates of 20.61%, 25.83%, and 25.76% respectively [2][8]. Business Segment Analysis - The company is actively developing humanoid robots and plans to establish production lines for core components [6][7]. - The smart device segment, including machine vision and industrial robots, generated 40 million yuan in revenue in 2024, with a gross margin of 34.4% [6][7]. - The PLC market is expected to see increased domestic replacement rates, with the company aiming to capture a larger market share from foreign competitors [6][7].

证券代码：603416 证券简称:信捷电气 公告编号：2025-020 | | 发行前（截至 | | 年 2024 | 月 12 | 31 | 日） | 发行后（2025 | 年 月 5 | 13 | 日） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股份类型 | | | | | | | | | | | | | 股份数量（股） | | | | 股份占比（%） | | 股份数量（股） | 股份占比（%） | | | | 非限售流通股 | | 140,560,000 | | | | 100.00 | 140,560,000 | | | 89.45 | | 限售流通股 | | | - | | | - | 16,578,633 | | | 10.55 | | 总股本 | | 140,560,000 | | | | 100.00 | 157,138,633 | | | 100.00 | 现更正为： 无锡信捷电气股份有限公司 无锡信捷电气股份有限公司关于 2024 年度向特定对象发行 A 股股票结果暨股本变动公告的更正公告 ...

证券代码：603416 证券简称：信捷电气 公告编号：2025-021 无锡信捷电气股份有限公司 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 05 月 16 日 (二)股东大会召开的地点：江苏省无锡市滨湖区建筑西路 816 号信捷大厦 (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 | 82 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 72,066,293 | | 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 | | | 份总数的比例（%） | 51.2708 | (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。 会议由公司董事会召集，董事长、总经理李新先生主持，采取现场记名投票 和网络投票相结合的表决方式。会议的召集和召开符合《公司法》《上市公司股 东 ...

YUNY久云崖律师 地址:江苏省无锡市建筑西路777号A3栋21层 邮编: 214072 电话/Tel:0510-82859168 http://www.yunya.com.cn Add:21th Floor, Building A3,No.777,Jian Zhu Xi Road,Wuxl,Jiangsu Province,China,214072 江苏云崖律师事务所 关于无锡信捷电气股份有限公司 2024 年年度股东会的 法律意见书 中国·无锡市建筑西路 777 号 集成电路设计中心 A3 幢第 21 层 邮政编码:214072 江苏云崖体师事务所 法律意见书 江苏云崖律师事务所 关于无锡信捷电气股份有限公司 2024 年年度股东会的法律意见书 致:无锡信捷电气股份有限公司 根据《中华人民共和国公司法》(以下简称《公司法》)、中国证券监督管 理委员会《上市公司股东大会规则》（以下简称《股东大会规则》）等法律、法 规、规范性文件以及《元锡信捷电气股份有限公司章程》(以下简称《公司章程》)、 《无锡信捷电气股份有限公司股东大会议事规则》 (以下简称《股东大会议事规 则》）、《无锡信捷电气股份有限公司中小投资者 ...

Investment Rating - The report maintains a positive outlook on the humanoid robot industry, emphasizing the importance of software development for commercialization [3][4]. Core Insights - The report identifies that the hardware maturity of humanoid robots is currently higher than that of software, with software being the key to commercialization. It highlights the need for advancements in algorithms, data, and control systems to drive the industry forward [3][5][6]. Summary by Sections 1. Algorithms: The Core of Embodied Intelligence - The algorithm framework is divided into two levels: the upper "brain" focuses on task-level planning and decision-making, while the lower "cerebellum" handles real-time motion planning and joint control [3][11][18]. - The report discusses the evolution of control algorithms, noting a shift from traditional methods to modern approaches like reinforcement learning (RL) and imitation learning (IL) [3][19][29]. - The VLA (Vision-Language-Action) model is highlighted as a significant advancement in upper-level control, enabling robots to understand and execute tasks through natural language processing [3][36][40]. 2. Data: The Foundation of Algorithm Learning - Data quality and diversity are crucial for algorithm performance, with sources categorized into real data, synthetic data, and web data. Real data is the most accurate but least abundant [3][74][76]. - The report emphasizes the importance of remote operation and motion capture technologies for collecting high-quality real data [3][79]. 3. Control Systems: The Foundation of Embodied Intelligence - The control system is described as the "brain" of humanoid robots, consisting of hardware (SoC chips, CPUs, GPUs, NPUs) and software components [3][3][3]. - The report notes that the industry lacks a unified consensus on the structure of the "brain" and "cerebellum" in humanoid robots, which are essential for executing complex algorithms and tasks [3][3][3]. 4. Investment Opportunities - The report identifies several key companies in the humanoid robot industry worth monitoring, including: - Controller segment: Tianzhun Technology, Zhiwei Intelligent, Desay SV [4][4]. - Motion control technology: Huichuan Technology, Xinjie Electric, Leisai Intelligent, Gokong Technology, Tosida [4][4]. - Chip manufacturers: Rockchip, Horizon Robotics [4][4]. - Data collection equipment: Lingyun Optical, Aofei Entertainment [4][4].

证券简称：信捷电气 证券代码：603416 无锡信捷电气股份有限公司 （无锡市滨湖区胡埭工业园北区刘塘路 9 号） 保荐机构（主承销商） （山东省济南市市中区经七路 86 号） 向特定对象发行股票 之 上市公告书 特别提示 一、发行数量及价格 1、发行数量：16,578,633 股 2、发行价格：23.27 元/股 3、募集资金总额：385,784,789.91 元 4、募集资金净额：380,963,489.32 元 二、本次发行股票预计上市时间 本次发行新增股份将于限售期满后的次一交易日起在上海证券交易所主板 上市流通交易，如遇法定节假日或休息日，则顺延至其后的第一个交易日。 2025 年 5 月 1 三、新增股份的限售安排 本次向特定对象李新先生发行，以现金参与认购，发行对象李新先生认购的 股份自发行结束之日起 36 个月内不得转让。法律法规对限售期另有规定的，依 其规定。 本次发行对象所取得的公司本次向特定对象发行的股票在锁定期内因送股、 资本公积转增股本等形式所衍生取得的股票亦应遵守上述股票锁定安排。上述锁 定期满后，将按中国证监会及上交所的有关规定执行。 如中国证监会或上交所对于上述锁定期安排有新的 ...

中泰证券股份有限公司 关于 无锡信捷电气股份有限公司 2024 年度向特定对象发行股票 之 上市保荐书 保荐机构（主承销商） （济南市市中区经七路86号） 2025 年 5 月 无锡信捷电气股份有限公司 上市保荐书 声 明 中泰证券股份有限公司（以下简称"本保荐机构""保荐机构"或"中泰证 券"）及其保荐代表人根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）等有关法律、行政法规 和中国证券监督管理委员会（以下简称"中国证监会"）、上海证券交易所（以 下简称"上交所"）的规定，诚实守信，勤勉尽责，严格按照依法制订的业务规 则和行业自律规范出具本上市保荐书，并保证所出具文件的真实性、准确性和完 整性。 （本上市保荐书中如无特别说明，相关用语具有与《无锡信捷电气股份有限 公司 2024 年度向特定对象发行股票募集说明书》中相同的含义） 1 无锡信捷电气股份有限公司 上市保荐书 一、发行人基本情况 （一）发行人概况 公司名称：无锡信捷电气股份有限公司 英文名称：Wuxi Xinje Electric Co.,Ltd. 股票简称：信捷电气 股票代码：60341 ...

证券代码：603416 证券简称:信捷电气 公告编号：2025-019 无锡信捷电气股份有限公司 关于 2024 年度向特定对象发行股票结果暨股本变动公告 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。 1、股票种类：人民币普通股（A 股） 2、发行数量：16,578,633 股 3、发行价格：23.27 元/股 重要内容提示： 发行数量和价格： 预计上市时间： 无锡信捷电气股份有限公司（以下简称信捷电气、公司或发行人）已于 2025 年 5 月 13 日就本次向特定对象发行 A 股股票向中国证券登记结算有限责任公司 上海分公司办理完毕登记、托管及限售手续。本次向特定对象发行新增普通股股 份为有限售条件流通股，预计将于限售期届满后的次一交易日起在上海证券交易 所（以下简称上交所）上市流通交易，如遇法定节假日或休息日，则顺延至其后 的第一个交易日。 资产过户情况： 本次发行的股票全部以现金认购，不涉及资产过户。 一、本次发行基本情况 （一）本次发行履行的相关程序 1 1、本次发行履行的内部决策程序 2024 年 5 月 22 日 ...

Investment Rating - The industry investment rating is "Overweight" [3][30]. Core Viewpoints - The humanoid robot industry is expected to see significant growth, with a projected cumulative demand of approximately 2 million units by 2030, indicating a critical breakthrough phase from 0 to 1 [6][24]. - The report highlights key companies to watch in the humanoid robot supply chain, including Tier 1 suppliers and core component manufacturers [6][24]. - The report emphasizes the importance of technological advancements in various sectors, including photovoltaic equipment, energy storage, semiconductor equipment, automation, and hydrogen energy, suggesting a favorable outlook for leading companies in these areas [6][25][26]. Summary by Sections Humanoid Robots - Recent developments include the launch of the first domestic AI-powered exoskeleton robot by Zhiyuan, which features advanced technology for various applications [7]. - The first batch of 220 humanoid robots was delivered by Chery, showcasing their capabilities in customer service and sales guidance [17]. - The World Humanoid Robot Sports Competition is set to take place in August, highlighting the growing interest and innovation in the humanoid robotics field [23]. Photovoltaic Equipment - The penetration rate of N-type photovoltaic technology is accelerating, strengthening the competitive edge of leading companies [25]. - The report suggests focusing on companies that are innovating in cost-reduction technologies and expanding production capacity [25]. Energy Storage - Favorable policies are expected to drive growth in both generation-side and user-side energy storage [25]. - Companies like Xingyun Co. are positioned to benefit from strategic partnerships in the energy storage sector [25]. Semiconductor Equipment - The semiconductor equipment market is projected to reach $140 billion by 2030, with a focus on domestic alternatives due to low current localization rates [26]. - The report recommends monitoring companies that are well-positioned to capitalize on this trend [26]. Automation - The market for industrial tools is expected to grow from approximately 40 billion to 55.7 billion by 2026, with opportunities for leading companies to gain market share through increased concentration and import substitution [26]. Hydrogen Energy - The report highlights the potential of green hydrogen in achieving carbon neutrality, with a focus on companies that integrate the hydrogen supply chain [25].