Company Performance - As of August 5, 2025, the stock price of Jiechang Drive (603583) closed at 38.5 yuan, down 0.95% with a turnover rate of 4.45% and a trading volume of 170,100 hands, amounting to 654 million yuan in transaction value [1] - The latest quarterly report shows total operating revenue of 961 million yuan, a year-on-year increase of 35.59%, and a net profit attributable to shareholders of 113 million yuan, up 62.21% year-on-year. The non-recurring net profit reached 105 million yuan, reflecting a significant year-on-year growth of 113.12% [1] - The company has a current ratio of 2.189, a quick ratio of 1.647, and a debt-to-asset ratio of 31.08% [1] Company Background - Zhejiang Jiechang Linear Drive Technology Co., Ltd. was established in 2010 and is located in Shaoxing City. The company primarily engages in the manufacturing of computers, communications, and other electronic devices [1] - The registered capital of the company is approximately 3.83 billion yuan, with a paid-in capital of 36 million yuan. The legal representative is Hu Renchang [1] Investment and Intellectual Property - The company has made investments in 8 external enterprises and participated in 25 bidding projects. It holds 131 trademark registrations and 1,036 patent registrations, along with 19 administrative licenses [2]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 430425 | 乐创技术 | 22.86 | -3.87% | 4.05万 | 9350.61万 | | 688090 | 瑞松科技 | 32.98 | -2.97% | 2.23万 | 7509.52万 | | 301112 | 信邦智能 | 37.04 | -2.63% | 2.31万 | 8663.83万 | | 001266 | 宏英智能 | 28.62 | -2.55% | - 3.44万 | 9981.68万 | | 871478 | 巨能股份 | 27.52 | -2.52% | 1.26万 | 3525.20万 | | 001223 | 欧克科技 | 42.82 | -2.46% | 9859.0 | 4275.01万 | | 688570 | 天玛智控 | 20.72 | -2.36% | 2.36万 | 4962.97万 | | 300461 | 田中精机 | 20.15 | -1.99% | 3.04万 | 6206.70万 ...

通过天眼查大数据分析，浙江捷昌线性驱动科技股份有限公司共对外投资了8家企业，参与招投标项目 25次，知识产权方面有商标信息131条，专利信息1036条，此外企业还拥有行政许可19个。 金融界消息 截至2025年7月31日收盘，捷昌驱动（603583）报收于37.7元，上涨6.95%，换手率 10.67%，成交量40.79万手，成交金额15.45亿元。 来源：金融界 资金流向方面，今日主力资金净流入2.63亿元，占比成交额17.0%。其中，超大单净流入2.62亿元、占 成交额16.96%，大单净流入72.89万元、占成交额0.05%，中单净流出流出11860.76万元、占成交额 7.68%，小单净流出14412.16万元、占成交额9.33%。 捷昌驱动最新一期业绩显示，截至2025一季报，公司营业总收入9.61亿元、同比增长35.59%，归属净利 润1.13亿元，同比增长62.21%，扣非净利润1.05亿元，同比增长113.12%，流动比率2.189、速动比率 1.647、资产负债率31.08%。 天眼查商业履历信息显示，浙江捷昌线性驱动科技股份有限公司，成立于2010年，位于绍兴市，是一家 以从事计算机、通信 ...

Core Insights - The article highlights the top 20 stocks with significant capital inflow as of July 31, with Tianfeng Securities leading at 787 million yuan [1] Group 1: Capital Inflow - Tianfeng Securities received an inflow of 787 million yuan [1] - Nord Shares followed with an inflow of 743 million yuan [1] - Yidian Tianxia attracted 700 million yuan in capital [1] - Yongyou Network saw an inflow of 679 million yuan [1] - 360 Technology had an inflow of 668 million yuan [1] - Cambridge Technology received 645 million yuan [1] - Inspur Information attracted 603 million yuan [1] - XD Industrial Wealth saw an inflow of 590 million yuan [1] - Leo Holdings received 566 million yuan [1] - Changying Precision attracted 514 million yuan [1] - Tianfu Communication saw an inflow of 432 million yuan [1] - Cambrian AI received 415 million yuan [1] - Great Wall Military Industry attracted 405 million yuan [1] - Nanxing Shares saw an inflow of 338 million yuan [1] - Kunlun Wanwei received 303 million yuan [1] - Zhongji Xuchuang attracted 299 million yuan [1] - Shenghong Technology saw an inflow of 294 million yuan [1] - Hengbao Shares received 292 million yuan [1] - BlueFocus Communication attracted 271 million yuan [1] - Jiechang Drive saw an inflow of 249 million yuan [1]

捷昌驱动最新一期业绩显示，截至2025一季报，公司营业总收入9.61亿元、同比增长35.59%，归属净利 润1.13亿元，同比增长62.21%，扣非净利润1.05亿元，同比增长113.12%，流动比率2.189、速动比率 1.647、资产负债率31.08%。 金融界消息 截至2025年7月30日收盘，捷昌驱动（603583）报收于35.25元，下跌2.25%，换手率 2.18%，成交量8.34万手，成交金额2.96亿元。 资金流向方面，今日主力资金净流出4345.21万元，占比成交额14.68%。其中，超大单净流出2805.83万 元、占成交额9.48%，大单净流出1539.38万元、占成交额5.2%，中单净流出流入1023.38万元、占成交 额3.46%，小单净流入3321.83万元、占成交额11.23%。 通过天眼查大数据分析，浙江捷昌线性驱动科技股份有限公司共对外投资了8家企业，参与招投标项目 25次，知识产权方面有商标信息131条，专利信息1036条，此外企业还拥有行政许可19个。 来源：金融界 天眼查商业履历信息显示，浙江捷昌线性驱动科技股份有限公司，成立于2010年，位于绍兴市，是一家 以从事计算 ...

通过天眼查大数据分析，浙江捷昌线性驱动科技股份有限公司共对外投资了8家企业，参与招投标项目 25次，知识产权方面有商标信息131条，专利信息1035条，此外企业还拥有行政许可18个。 来源：金融界 捷昌驱动最新一期业绩显示，截至2025一季报，公司营业总收入9.61亿元、同比增长35.59%，归属净利 润1.13亿元，同比增长62.21%，扣非净利润1.05亿元，同比增长113.12%，流动比率2.189、速动比率 1.647、资产负债率31.08%。 天眼查商业履历信息显示，浙江捷昌线性驱动科技股份有限公司，成立于2010年，位于绍兴市，是一家 以从事计算机、通信和其他电子设备制造业为主的企业。企业注册资本38345.6555万人民币，实缴资本 3600万人民币。公司法定代表人为胡仁昌。 金融界消息 截至2025年7月29日收盘，捷昌驱动（603583）报收于36.06元，下跌0.44%，换手率1.9%， 成交量7.27万手，成交金额2.62亿元。 资金流向方面，今日主力资金净流出2480.96万元，占比成交额9.47%。其中，超大单净流出635.66万 元、占成交额2.43%，大单净流出1845.30万元 ...

Investment Rating - The report maintains an "Outperform" rating for the machinery sector, indicating expected performance above the market average [1]. Core Insights - The report highlights the trend of companies expanding overseas and identifies 2025 as the year of mass production for humanoid robots, presenting hardware investment opportunities [1][3]. - The easing of trade tensions between China and the US is expected to support the growth of domestic companies in overseas markets, particularly in the tool market where relocation to the US is challenging due to cost and efficiency advantages [3]. - Key companies to watch include Giant Technology, Changrun Co., Honghua Digital Science, and others, which are positioned to benefit from these trends [3][4]. Summary by Sections Recommended Stocks - The report lists preferred stocks with ratings: - Jack Co. (603337.SH) - Buy-A - Hengli Hydraulic (601100.SH) - Buy-A - Zhejiang Rongtai (603119.SH) - Accumulate-A - Qiaocheng Ultrasonic (688392.SH) - Buy-A - Honghua Digital Science (688789.SH) - Buy-A - Tianzhun Technology (688003.SH) - Buy-A - Jiechang Drive (603583.SH) - Accumulate-A [2][10]. Industry Key Data Tracking - Forklifts: In June 2025, 137,570 units were sold, a 23.1% increase year-on-year. For the first half of 2025, sales totaled 739,334 units, up 11.7% [13]. - Excavators: June 2025 sales reached 18,804 units, a 13.3% increase. Total sales for the first half were 120,520 units, up 16.8% [14]. - Automotive Cranes: June sales were 1,649 units, down 5.28%. Total sales for the first half were 10,752 units, down 8.4% [17]. - Tower Cranes: June sales were 437 units, down 44.8%. Total sales for the first half were 2,771 units, down 38% [21]. - Loaders: June sales were 12,014 units, up 11.3%. Total sales for the first half were 64,769 units, up 13.6% [22]. - Metal Cutting Machine Tools: June production was 70,500 units, up 12.7%. Total production for the first half was 403,000 units, up 13.5% [24]. - Industrial Robots: June production was 74,764 units, up 37.9%. Total production for the first half was 379,000 units, up 35.6% [28].

Investment Rating - The report assigns an "Accumulate-A" rating for the company, marking its first coverage [1][7]. Core Insights - The company has established itself as a leading player in the linear drive industry, with over 20 years of experience and a strong market position. It is expanding into robotics, which presents new growth opportunities [4][6]. - The demand for linear drive products is expected to grow significantly due to the increasing application in various sectors such as smart homes, healthcare, and industrial automation [5][46]. - The company is well-positioned to benefit from the global trend towards automation and smart technology, with a projected compound annual growth rate (CAGR) of 8.34% for the linear drive market from 2023 to 2027 [46][67]. Summary by Sections Company Overview - The company has been deeply involved in the linear drive sector for over 20 years, holding a solid position as an industry leader. It was founded in 2000 and went public in 2018. The company has developed a diverse product range and has established subsidiaries in various regions [4][18]. - The management team is experienced, with a concentrated ownership structure that supports stability and strategic direction [10][29]. Financial Analysis - The company has shown consistent revenue growth, with a compound annual growth rate of 26.75% from 2017 to 2024. In 2024, the revenue reached 3.652 billion yuan, a year-on-year increase of 20.4% [8][32]. - The net profit for 2024 was 282 million yuan, reflecting a significant recovery with a year-on-year growth of 36.9% [8][32]. Market Demand - The linear drive market is expanding across various applications, including smart offices, healthcare, and smart homes. The global market for linear drive products is projected to reach 75.3 billion yuan by 2027 [46][67]. - The smart office segment is expected to grow due to increasing health awareness among workers, with the market for linear drive products in this area projected to reach 321 billion yuan by 2027 [55][58]. Growth Opportunities - The company is actively investing in robotics, having established a joint venture focused on developing robotic components, which is anticipated to open new growth avenues [6][4]. - The aging population and the demand for smart healthcare solutions are expected to drive the need for linear drive systems in medical devices, with a projected market size of 27.9 billion yuan by 2027 [59][67].

Core Viewpoint - Zhejiang Jiechang Linear Drive Technology Co., Ltd. announced the repurchase and cancellation of 1,209,600 restricted shares due to the departure of two incentive targets and the failure to meet performance assessment targets for 2024 [1][2][5] Summary by Sections Repurchase and Cancellation Reasons - The repurchase and cancellation of shares are due to two incentive targets leaving the company and the company's 2024 performance not meeting the required assessment targets as per the incentive plan [1][2] Details of the Repurchase - The company will repurchase a total of 1,209,600 shares, which accounts for approximately 0.32% of the total share capital. This includes 9,000 shares from the departing incentive targets and 977,100 shares from other targets who did not meet performance criteria [1][5][6] - The repurchase price is set at 15.21 yuan per share, adjusted for equity distribution [1][2] Performance Assessment Criteria - The performance assessment for the incentive plan requires significant revenue growth based on 2021 figures, with specific targets of 30% for 2022, 67% for 2023, and 100% for 2024 [4][5] - The company reported a revenue of 365.2 million yuan for 2024, representing a 38.49% increase from 2021, but did not meet the required growth rates for the incentive plan [5] Share Structure Changes - Following the repurchase and cancellation, the company's share structure will change, with the total shares decreasing from 383,456,555 to 382,246,955 [6][7] Legal Compliance and Commitments - The company confirmed that the repurchase and cancellation process complies with relevant laws and regulations, ensuring no harm to the rights of incentive targets or creditors [6][8]

Core Viewpoint - The legal opinion letter from Shanghai Junlan Law Firm confirms that Zhejiang Jiechang Linear Drive Technology Co., Ltd. has complied with relevant laws and regulations regarding the repurchase and cancellation of restricted stocks as part of its incentive plan [1][12]. Group 1: Approval and Authorization - The repurchase and cancellation of restricted stocks have received necessary approvals and authorizations from the company's board and shareholders, in accordance with the Company Law and the Management Measures [4][12]. - The company has provided all necessary documents to the law firm, ensuring their authenticity and completeness [2]. Group 2: Repurchase and Cancellation Details - The repurchase is due to two incentive recipients leaving the company, resulting in the cancellation of 9,000 shares of restricted stock that were granted but not yet released [4][8]. - The company’s performance targets for the incentive plan were not met, leading to the cancellation of a total of 1,209,600 shares of restricted stock across various incentive recipients [8][10]. Group 3: Repurchase Price and Funding - The adjusted repurchase price for the restricted stocks is set at 15.21 yuan per share, considering the company's profit distribution plans for 2022 and 2023 [10][11]. - The funding for the repurchase will come from the company's own funds [11]. Group 4: Impact and Disclosure - The repurchase and cancellation of shares are not expected to have a significant impact on the company's financial status or operational results [11][12]. - The company has fulfilled its information disclosure obligations regarding the repurchase process, including notifying creditors [12].