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 ...

无锡信捷电气股份有限公司 2024 年年度股东会会议资料 二〇二五年五月 1 无锡信捷电气股份有限公司 2024 年年度股东会参会须知 为维护股东的合法权益，保障股东在公司 2024 年年度股东会期间依法行使 权利，确保股东会的正常秩序和议事效率，根据《中华人民共和国公司法》《无 锡信捷电气股份有限公司章程》《无锡信捷电气股份有限公司股东会议事规则》 的有关规定，公司现制定本须知。 一、各股东请按照本次股东会会议通知（详见刊登于上海证券交易所网站 （www.sse.com.cn）的《无锡信捷电气股份有限公司关于召开 2024 年年度股东 会的通知》）中规定的时间和登记方法办理参加会议手续，证明文件不齐或手续 不全的，谢绝参会。 二、本公司设立股东会会务组，具体负责大会有关程序和服务等各项事宜。 三、大会期间，全体参会人员应自觉维护会场秩序，确保大会的正常秩序和 议事效率。进入会场后，请关闭手机或调至静音或震动状态。股东（或股东代表） 参加股东会，应当认真履行其法定义务，不得侵犯其他股东的权益，不得扰乱大 会正常秩序。 四、股东（或股东代表）参加股东会依法享有发言权、质询权、表决权等权 利，股东（或股东代表）要 ...

机器人指数ETF（159526）紧密跟踪机器人指数。中证机器人指数是选取系统方案商、数字化车间与生 产线系统集成商、自动化设备制造商、自动化零部件商以及其他相关公司作为样本股，以反映机器人产 业相关股票的走势。 华西证券指出，轻量化材料的应用值得关注。泰山景区推出的外骨骼机器人采用了碳纤维机身，碳纤维 是核心轻量化材料。此外，智元研究院发布的外骨骼机器人"踏山"也采用了轻质化材料。轻量化与机器 人的运动效率、运动灵活性、续航能力息息相关，是机器人后续迭代的关键技术方向，随着机器人量产 应用落地，轻量化等高性能材料布局领先的企业有望深度受益。 5月6日，A股三大指数全线上涨，机器人概念持续活跃。热门ETF中，机器人指数ETF（159526）截至 发稿涨1.83%，成分股方面，信捷电气涨超7%，天准科技、海目星涨超6%，中信重工、弘讯科技、华 昌达等多股跟涨。 消息面上，据证券日报，近日，外骨骼机器人"出圈"。安徽黄山、山东泰山、江西武功山多个景区引入 了登山辅助设备——外骨骼机器人，这一"黑科技"受到游客青睐。外骨骼机器人融合了人工智能、传 感、人体工学、动力和电子等技术，多家A股上市公司在产业链中贡献力量。科 ...

小型PLC 国内份额9.5%，将发布大型PLC。据睿工业，我国2024 年小型PLC 市场规模为68.1 亿元，同 比-7.6%。公司PLC 业务实现逆势增长，收入为6.48 亿元，同比+21%。2024 年，公司小型PLC 国内市 占率同比提升2.0pct至9.5%。PLC 作为高端装备控制层核心部件，软件属性强、客户粘性高、竞争格局 较好、价格竞争压力相对较小，实现自主可控战略意义重大。2024 年小型PLC 国产化率为41.0%，中大 型PLC 国产化率仅为8.3%，国产品牌进口替代仍大有可为。此外，公司2024 年中型PLC 实现收入超 1000 万元，并正在研发大型PLC，计划2025 年推出大型PLC 产品。 驱动产品加速迭代，重点布局机器人方向。公司驱动业务2024 年实现收入8.06亿元，同比增长10.6%； 毛利率为24.5%，同比略增0.21pct。据睿工业，2024年国内通用伺服市场规模为206 亿元，同比-3.8%； 公司通用伺服产品份额为3.7%，份额仍较低。公司正加速伺服产品迭代，今年将推出新一代高性能伺 服驱动系统DS6 系列，以及高性能直驱驱动器DL6 系列；同时变频器产品收入 ...

Summary of Xinjie Electric's Conference Call Company Overview - **Company**: Xinjie Electric - **Industry**: Automation and Robotics Key Financial Performance - **2024 Financials**: - Net profit increased by 25.80% year-on-year - Direct sales revenue grew by 25.2% to 253 million CNY - Overseas revenue surged nearly 40% to 41.9 million CNY - Total revenue reached 1.7 billion CNY, a 13.50% increase year-on-year - Net profit attributable to shareholders was 229 million CNY, up 14.84% [2][3] - **Q1 2025 Performance**: - Revenue rose by 14.25% to 388 million CNY - Net profit increased by 3.46% to 46 million CNY [2][3] Business Segment Performance - **PLC Segment**: - 2024 revenue of 648 million CNY, up 21.09% with a gross margin of 56.25% - Q1 2025 revenue of 14 million CNY, up 4.39% [3][7] - **Drive Systems**: - 2024 revenue of 806 million CNY, up 10.57% with a gross margin of 24.46% - Q1 2025 revenue of 19 million CNY, up 25.65% [3][7] - **Human-Machine Interface**: - 2024 revenue of 195 million CNY, up 9.5% with a gross margin of 32.18% - Q1 2025 revenue of 44 million CNY, up 6.45% [3][7] - **Intelligent Equipment (Robots)**: - 2024 revenue of 40 million CNY with a gross margin of 34.36% - Q1 2025 revenue of 11 million CNY, up 9.5% [3][7] Strategic Initiatives - **Market Strategy**: - Differentiated strategy in the PLC market focusing on small and medium PLCs, with plans to launch large PLCs in H2 2025 [2][9] - Targeting industries such as oil, chemicals, and high-end manufacturing sectors like new energy and semiconductors [2][6] - **Customer Development**: - Established a strategic customer marketing service team to enhance product competitiveness and brand influence [2][6] - Aiming to double sales from S-level customers from 200 million CNY in 2024 to 400 million CNY in 2025 [4][18] - **Cost Control**: - Implementing measures to optimize production processes and control raw material costs to improve gross margins [2][8][12] Innovation and R&D - **Robotics Development**: - Early entry into humanoid robotics with components like hollow cup motors and frameless torque motors [4][14] - Collaboration with research institutions to accelerate humanoid robotics business [4][15] - **Product Development**: - DS6 series servo products expected to launch in H2 2025, with a 20% efficiency improvement and a 5-10% cost reduction [24][30] - **Technical Expertise**: - Strong capabilities in key components for humanoid robots, including motors and servo systems [21][22] Market Expansion - **Overseas Business**: - Revenue from overseas operations reached 42 million CNY in 2024, with a focus on Southeast Asia, India, and the Middle East [16] - Plans to increase sales network and establish technical service centers in high-demand regions [16] Future Outlook - **Growth Projections**: - Targeting a revenue growth rate of 20-25% for 2025, with a focus on large customer strategies [25] - **Cost Management**: - Aiming to stabilize or reduce sales expense ratios through efficiency improvements [19] - **Market Confidence**: - Positive outlook on humanoid robotics market expansion, with ongoing customer engagement and strategic partnerships [30] This summary encapsulates the key points from Xinjie Electric's conference call, highlighting financial performance, strategic initiatives, innovation, market expansion, and future outlook.

Core Insights - The company reported a revenue of 1.708 billion yuan for 2024, representing a year-on-year growth of 13.5% [2] - The net profit attributable to shareholders was 229 million yuan, up 14.8% year-on-year, while the net profit after deducting non-recurring items reached 203 million yuan, marking a 25.8% increase [2] - The company plans to distribute a cash dividend of 8.7 yuan per 10 shares (including tax) to all shareholders [2] Business Performance - The overall gross margin improved by 2.15 percentage points to 37.72% [2] - The programmable logic controller (PLC) segment generated sales of 648 million yuan, a growth of 21.09%, with a gross margin of 56.25% [2] - The drive systems segment achieved sales of 806 million yuan, up 10.57%, with a gross margin of 24.46% [2] - The human-machine interface segment reported sales of 195 million yuan, a 9.50% increase, with a gross margin of 32.18% [2] - The smart devices (robots) segment generated sales of 41 million yuan, with a gross margin of 34.36% [2] Strategic Initiatives - The company is committed to a major customer strategy, focusing on sectors such as robotics, smart mining, logistics, healthcare, semiconductors, energy storage, photovoltaics, and new energy vehicles [3] - Direct sales revenue reached 254 million yuan, growing by 25.76%, while overseas revenue was 41.9 million yuan, up 39.63% [3] - The company is actively participating in domestic and international industry exhibitions to expand its overseas marketing channels [3] Research and Development - The company increased its R&D expenditure to 168 million yuan, accounting for 9.81% of its revenue [4] - It continues to enhance product performance and expand its product series in core areas such as PLCs, servo systems, human-machine interfaces, and smart devices [4] - The company has developed over 280 independent intellectual property rights and participated in the formulation of four national and industry standards [4] Future Outlook - The company aims to maintain technology innovation as its core driving force, deepen its focus on smart manufacturing and high-end equipment, and promote digital transformation [5] - It plans to expand its international market presence and enhance its overall competitiveness and brand influence [5]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is expected to enter a harvest period for its major client strategy, with significant growth anticipated from its robotics segment [1] - Revenue for 2024 is projected to be 1.708 billion yuan, a year-on-year increase of 13.5%, while net profit is expected to reach 228.55 million yuan, up 14.84% year-on-year [1] - The company is focusing on enhancing its market share in PLC products, with a reported market share of 9.5% for small PLCs, and is expected to continue growing in this area [1] - The company is also investing in humanoid robotics, aiming to create a second growth engine through the development of related technologies and products [1] Financial Projections - Total revenue is forecasted to grow from 1.505 billion yuan in 2023 to 2.834 billion yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 16.79% [1] - The net profit is projected to increase from 199.02 million yuan in 2023 to 438.80 million yuan in 2027, indicating a strong growth trajectory [1] - The earnings per share (EPS) is expected to rise from 1.42 yuan in 2023 to 3.12 yuan in 2027, with a corresponding decrease in the price-to-earnings (P/E) ratio from 36.32 to 16.47 over the same period [1]

Core Insights - The company reported a revenue of 1.71 billion yuan for 2024, representing a year-on-year increase of 13.5%, and a net profit attributable to shareholders of 230 million yuan, up 14.8%, marking the end of a three-year decline in performance [1] - In Q1 2025, the company achieved a revenue of 390 million yuan, a year-on-year increase of 14.3%, with a net profit of 50 million yuan, up 3.5% [1] Revenue Breakdown - Domestic revenue reached 1.667 billion yuan, a year-on-year increase of 13%, accounting for 98% of total revenue, while overseas revenue was 40 million yuan, up 40%, making up 2% of total revenue [1] - By product line, PLC products generated 650 million yuan in revenue, up 21%; drive systems (mainly servo systems) brought in 810 million yuan, up 11%; human-machine interface revenue was 200 million yuan, up 10%; and industrial robots and smart devices generated 40 million yuan, up 2% [1] Profitability Metrics - The company's overall gross margin for 2024 was 37.7%, an increase of 2.2 percentage points year-on-year, with improvements in gross margins across all product lines [1] - The net profit margin for 2024 was 13.4%, up 0.2 percentage points, ending a three-year decline [2] Cost Structure - The company's expense ratio for 2024 was 25.8%, an increase of 2.6 percentage points year-on-year, primarily due to a rise in sales expense ratio [2] - In Q1 2025, the gross margin was 38.1%, down 0.9 percentage points year-on-year, with the expense ratio increasing by 2.3 percentage points [2] Technological Development - The company has a strong foundation in industrial robotics technology, with a focus on humanoid robotics, including the development of components like hollow cup motors and frame-less torque motors [3] - The company is investing in related technologies such as high-performance optical encoders and control systems for robots, and has invested in Changchun Rongde Optical Co., Ltd., which specializes in encoders and sensors [3] Earnings Forecast - The earnings forecast for 2025-2026 has been adjusted, with expected revenues of 2.11 billion yuan and 2.63 billion yuan, and net profits of 290 million yuan and 370 million yuan respectively [4] - For 2027, the company is projected to achieve a revenue of 3.24 billion yuan and a net profit of 470 million yuan, with an EPS of 3.33 yuan [4]