重要内容提示： 担保对象及基本情况 | | 被担保人名称 | J-STAR | MOTION 万元 | (SINGAPORE) PTE. LTD. | | --- | --- | --- | --- | --- | | 担保 | 本次担保金额 | 7,200 | | | | 对象 | 实际为其提供的担保余额 | 0 | 万元（不含本次） | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | 是 | ☑否 | □不适用：_________ | 证券代码：603583 证券简称：捷昌驱动 公告编号：2025-052 浙江捷昌线性驱动科技股份有限公司 关于为全资子公司提供担保的进展公告 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。 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 | 64,336.64 | | 子公司对外担保总额（万元） | | | 对外担保总额占上市公司最近一 ...

Core Points - Zhejiang Jiechang Linear Drive Technology Co., Ltd. signed an agreement with China Merchants Bank for a guarantee of 72 million yuan for its wholly-owned subsidiary J-STARMOTION (SINGAPORE) PTE. LTD. without counter-guarantee [1] - The guarantee falls within the authorization scope of the company's 2024 annual general meeting and does not require further review [1] - As of the announcement date, the total approved guarantee amount for the company and its subsidiaries is 1.2 billion yuan, accounting for 27.76% of the latest audited net assets attributable to shareholders [1] - The total amount of signed and ongoing guarantees is 643 million yuan, representing 14.88%, all of which are guarantees for wholly-owned subsidiaries within the consolidated financial statements, with no overdue guarantees [1] - The purpose of the guarantee is to meet the daily operational needs of the subsidiary, and the overall risk is considered controllable [1]

Market Overview - On September 18, the automation equipment sector declined by 0.61%, with Jiechang Drive leading the losses [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable gainers in the automation equipment sector included: - Kaidi Co., Ltd. (605288) with a closing price of 122.98, up 10.00% [1] - Bojie Co., Ltd. (002975) with a closing price of 69.78, up 9.99% [1] - Weichuang Electric (688698) with a closing price of 77.80, up 7.76% [1] - Conversely, Jiechang Drive (603583) saw a significant decline of 4.73%, closing at 44.12 [2] Trading Volume and Capital Flow - The automation equipment sector experienced a net outflow of 3.608 billion yuan from institutional investors, while retail investors saw a net inflow of 2.885 billion yuan [2][3] - The trading volume for notable stocks included: - Bojie Co., Ltd. with a trading volume of 215,800 shares and a transaction value of 1.477 billion yuan [1] - Weichuang Electric with a trading volume of 170,600 shares and a transaction value of 1.322 billion yuan [1] Individual Stock Capital Flow - Key capital flow data for selected stocks: - Bojie Co., Ltd. had a net inflow of 38.0992 million yuan from institutional investors, while retail investors had a net outflow of 60.6086 million yuan [3] - Huagong Technology (000988) saw a net inflow of 38.0992 million yuan from institutional investors, with a net outflow of 31.7 million yuan from retail investors [3]

Group 1 - The core viewpoint of the news is that Jiechang Drive has experienced significant stock price fluctuations and strong financial performance in recent months, indicating potential investment opportunities [1][2][3] - As of September 18, Jiechang Drive's stock price was 45.38 yuan per share, with a market capitalization of 17.346 billion yuan and a year-to-date stock price increase of 85.91% [1] - The company has seen a net outflow of main funds amounting to 28.84 million yuan, with large orders showing a slight imbalance between buying and selling [1] Group 2 - Jiechang Drive operates in the mechanical equipment sector, specifically in automation and industrial control equipment, and is involved in various concept sectors such as automotive parts and robotics [2] - For the first half of 2025, Jiechang Drive reported a revenue of 2.007 billion yuan, representing a year-on-year growth of 27.31%, and a net profit of 271 million yuan, reflecting a growth of 43.29% [2] - The company has distributed a total of 685 million yuan in dividends since its A-share listing, with 280 million yuan distributed in the last three years [3] Group 3 - As of June 30, 2025, Jiechang Drive had 41,900 shareholders, an increase of 5.05% from the previous period, with an average of 9,123 circulating shares per shareholder [2] - The top ten circulating shareholders include notable funds, with significant changes in holdings observed among major shareholders [3]

Core Viewpoint - The stock of Jiechang Drive has shown significant growth this year, with a notable increase in both share price and trading volume, indicating strong market interest and performance [2][3]. Company Performance - Jiechang Drive's stock price has increased by 89.27% year-to-date, with a 12.03% rise in the last five trading days, 13.32% in the last 20 days, and 24.90% in the last 60 days [2]. - For the first half of 2025, Jiechang Drive reported revenue of 2.007 billion yuan, a year-on-year increase of 27.31%, and a net profit attributable to shareholders of 271 million yuan, up 43.29% year-on-year [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Jiechang Drive was 41,900, an increase of 5.05% from the previous period, with an average of 9,123 circulating shares per person, a decrease of 4.80% [2]. - The company has distributed a total of 685 million yuan in dividends since its A-share listing, with 280 million yuan distributed over the past three years [3]. Market Activity - Jiechang Drive has appeared on the stock market's "Dragon and Tiger List" four times this year, with the most recent appearance on March 13, where it recorded a net buy of -68.44 million yuan [2]. - The stock's trading volume on September 17 was 494 million yuan, with a turnover rate of 2.83% and a total market capitalization of 17.66 billion yuan [1]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Penghua Carbon Neutral Theme Mixed A held 9.1526 million shares, a decrease of 862,000 shares from the previous period [3].

Company Overview - Zhejiang Jiechang Linear Drive Technology Co., Ltd. is located in Shaoxing, Zhejiang Province, established on April 30, 2010, and listed on September 21, 2018. The company specializes in the production, sales, and research of linear drive systems and equipment, medical device components, and functional furniture and components. The main business revenue composition is 99.66% from linear drive products and 0.34% from other sources [1]. Stock Performance - As of September 15, Jiechang's stock price increased by 2.04%, reaching 42.55 CNY per share, with a trading volume of 137 million CNY and a turnover rate of 0.85%. The total market capitalization is 16.265 billion CNY [1]. - Year-to-date, Jiechang's stock price has risen by 74.31%, with a recent decline of 2.18% over the last five trading days, a 7.80% increase over the last 20 days, and a 24.31% increase over the last 60 days [1]. Financial Performance - For the first half of 2025, Jiechang achieved operating revenue of 2.007 billion CNY, representing a year-on-year growth of 27.31%. The net profit attributable to shareholders was 271 million CNY, reflecting a year-on-year increase of 43.29% [2]. - Since its A-share listing, Jiechang has distributed a total of 685 million CNY in dividends, with 280 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Jiechang had 41,900 shareholders, an increase of 5.05% from the previous period. The average number of circulating shares per shareholder is 9,123, a decrease of 4.80% [2]. - Among the top ten circulating shareholders, Penghua Carbon Neutral Theme Mixed A (016530) is the fourth largest, holding 9.1526 million shares, a decrease of 862,000 shares from the previous period. Hong Kong Central Clearing Limited is the fifth largest, holding 8.3197 million shares, down by 839,000 shares [3].

Investment Rating - The report maintains a strong buy recommendation for the industry, highlighting specific companies such as Juxing Technology, QuanFeng Holdings, Jack Technology, and Honghua Digital Science as key investment opportunities [4][9]. Core Insights - The overall revenue growth rate for the sample companies in the first half of 2025 was 15.04%, while the net profit growth rate was 23.34%, indicating that profit growth outpaced revenue growth [3][15]. - The average gross margin for the sample companies in the first half of 2025 was 30.95%, a slight decrease of 0.53 percentage points year-on-year, while the average net margin increased by 0.96 percentage points to 14.15% [3][21]. - Cash flow conditions improved significantly, with operating net cash flow rising from 5.384 billion in the first half of 2024 to 6.978 billion in the first half of 2025 [3][21]. Summary by Sections 1. Overview of Consumer Goods Export Chain Companies - The report analyzes 21 companies in the mechanical industry that primarily serve the C-end consumer market or manufacture products for C-end consumption, with a significant portion of their revenue coming from overseas markets [2][12]. 2. Stock Performance - Stock performance showed significant differentiation, with companies in the garden tools and two-wheeler sectors performing well. Notable performers in Q1 2025 included Jiexing Technology and QuanFeng Holdings, driven by the robotics sector [7][13]. 3. Profit Growth Outpacing Revenue Growth - The report notes that several companies experienced revenue growth exceeding 20%, including Daya Co. with a 132.3% increase in revenue due to seasonal demand and acquisitions [15][16]. 4. Profitability Improvement - Most sample companies demonstrated strong profitability, with net profit margins increasing year-on-year. Companies like Yindu Co. and Honghua Digital Science reported high net margins of 24.3% and 25.47%, respectively [21][22]. 5. Cash Flow Status - The cash flow situation for the sample companies is reported to be good, with a net cash ratio consistently above 1, indicating healthy cash flow management [3][21]. 6. Future Outlook - The report emphasizes the importance of monitoring tariff and interest rate changes, which could catalyze demand in certain sub-industries. The anticipated interest rate cuts in the U.S. are expected to enhance demand elasticity for related products [8][9]. 7. Investment Recommendations - The report suggests focusing on companies with advanced global layouts that are likely to gain market share amid tariff changes. Specific recommendations include Juxing Technology, QuanFeng Holdings, and Jack Technology [8][9].

Core Viewpoint - The stock of Jiechang Drive (603583.SH) experienced a decline of 4.6%, reaching 41.5 yuan during trading, following the announcement of a planned share reduction by a major shareholder [1] Summary by Relevant Sections - **Shareholder Action** - Shareholder Newchang County Zhongsheng Investment Co., Ltd. plans to reduce its holdings by up to 6.1323 million shares, which represents 1.60% of the company's total share capital [1]

Core Viewpoint - The announcement reveals that major shareholders of Jiechang Drive (603583.SH) plan to reduce their holdings, indicating potential liquidity needs and market activity surrounding the company's stock [1][2]. Shareholder Reduction Plans - Newchang Investment Co., Ltd. plans to reduce its holdings by up to 6,132,250 shares, accounting for 1.60% of the total share capital, through block trading [1][3]. - Wu Dizing plans to reduce his holdings by up to 300,000 shares, representing 0.08% of the total share capital, via centralized bidding [1][3]. - The reduction period for both shareholders is set from September 30, 2025, to December 29, 2025 [3]. Shareholder Background - Newchang Investment currently holds 24,529,000 shares, which is 6.42% of the total share capital, and is identified as a controlling shareholder and actual controller [1][4]. - Wu Dizing holds 8,021,200 shares, representing 2.10% of the total share capital, with all shares being unrestricted circulating shares [1][4]. Historical Context - Newchang Investment initially held 10 million shares, which was 8.28% of the total share capital, and has cumulatively reduced its holdings by 3,891,000 shares since December 24, 2021, realizing approximately 204 million yuan [4][5]. - The company raised a total of 1.485 billion yuan through a private placement of shares, with a net amount of 1.461 billion yuan after deducting related expenses [5].

Core Viewpoint - The announcement from Jiechang Drive (603583) indicates that shareholders plan to reduce their holdings in the company through various methods, which may impact the stock price and market perception [1] Group 1: Shareholder Reduction Plans - Zhongsheng Investment intends to reduce its stake by up to 6,132,250 shares, representing 1.60% of the total share capital [1] - Mr. Wu Dizing plans to reduce his holdings by up to 300,000 shares, accounting for 0.08% of the total share capital [1] - The reduction will be executed within three months following the announcement, starting 15 trading days after the notice [1]