Core Viewpoint - Yongchong Intelligent has shown significant stock performance with a year-to-date increase of 96.87%, indicating strong market interest and potential growth in the packaging equipment sector [1][2]. Financial Performance - For the period from January to September 2025, Yongchong Intelligent achieved a revenue of 2.958 billion yuan, representing a year-on-year growth of 19.05% [2]. - The net profit attributable to shareholders for the same period was 127 million yuan, reflecting a substantial increase of 61.17% year-on-year [2]. Stock Market Activity - As of December 31, Yongchong Intelligent's stock price was 14.48 yuan per share, with a market capitalization of 7.204 billion yuan [1]. - The stock has experienced a trading volume of 1.11 billion yuan with a turnover rate of 1.61% [1]. - The company has seen a net outflow of 5.689 million yuan in principal funds, with significant buying and selling activity from large orders [1]. Shareholder Information - As of September 30, the number of shareholders for Yongchong Intelligent increased by 13.56% to 29,200, while the average circulating shares per person decreased by 11.76% to 16,468 shares [2]. - New institutional shareholders include Huabao Sustainable Development Mixed A and Fuguo Steady Growth Mixed A, both entering the top ten circulating shareholders [3]. Dividend Distribution - Yongchong Intelligent has distributed a total of 350 million yuan in dividends since its A-share listing, with 109 million yuan distributed over the past three years [3]. Company Overview - Yongchong Intelligent, established on November 7, 2002, and listed on May 29, 2015, specializes in the research, design, manufacturing, installation, and technical services of packaging equipment and materials [1]. - The company's revenue composition includes 89.25% from packaging equipment and accessories, 9.36% from packaging materials, and 0.71% from other sources [1]. Industry Classification - Yongchong Intelligent is classified under the Shenwan industry as machinery equipment - specialized equipment - printing and packaging machinery, and is associated with concepts such as machinery, robotics, Industry 4.0, and share buybacks [1].

Investment Rating - The report does not explicitly state an investment rating for the liquid packaging machinery industry. Core Insights - The liquid packaging machinery is essential for the fast-moving consumer goods sector, particularly in food and beverage, personal care, and condiments. The industry primarily focuses on complete line sales, such as "blow-fill-cap" solutions. In developed markets, the emphasis is on upgrading existing production lines, while developing markets in Asia, Africa, and Latin America are still expanding their production capacity. The economic lifespan of domestic liquid packaging machinery is typically around 10 years [4][10]. Summary by Sections 1. Liquid Packaging Machinery Overview - Liquid packaging machinery is crucial for automating the entire process from bottle manufacturing to filling, capping, labeling, and packaging. The core equipment includes blow molding machines, filling machines, capping machines, and downstream packaging equipment. The industry is characterized by integrated solutions, with developed countries focusing on line upgrades and emerging markets still in the expansion phase [10][4]. 2. Domestic Market - Recent structural changes in domestic beverage consumption, driven by health trends, have led to rapid growth in sugar-free drinks, tea, and functional beverages. This has resulted in a significant recovery in equipment demand, with domestic companies entering an expansion cycle post-2019. The competition in the domestic market is intense, but growth is expected to remain stable [4][21]. 3. Overseas Market Opportunities - Emerging markets have shown consistent growth over the past decade, accelerated post-pandemic. Increased consumer spending in countries like India, Southeast Asia, and Latin America has driven demand for bottled water and sugary beverages. Chinese companies, leveraging cost advantages and service capabilities, are seeing accelerated export growth, with significant potential for market share expansion in these regions [4][21][25]. 4. Advantages of Chinese Liquid Packaging Machinery Exports - Chinese manufacturers have several competitive advantages in overseas markets, including lower purchase and maintenance costs compared to Western brands, efficient logistics to Southeast Asia and South Asia, and the ability to provide customized products and stable technical services. The global trend of investment shifting towards emerging markets further supports the demand for packaging equipment [4][25][30]. 5. Market Size and Growth Projections - The global packaging equipment market is projected to grow at a CAGR of 3.8% from 2024 to 2032, while China's packaging machinery industry is expected to grow at an annual rate of around 8% during the 14th Five-Year Plan period. The average profitability growth rate in the industry is estimated at 7%, with exports potentially reaching $12 billion [4][21]. 6. Market Demand and Supply Analysis - The report estimates that the domestic liquid packaging machinery market size for beverage packaging will reach approximately 169.4 billion yuan in 2024, based on consumption data and production line requirements. The overseas market for liquid packaging machinery is projected to be around 750.9 billion yuan, with significant growth potential in regions like Asia-Pacific and Africa [4][31][35]. 7. Recommended Companies - The report suggests focusing on companies such as Dali Long, New Meixing, Yongchuan Intelligent, and Zhongya Co., which are positioned to benefit from the industry's growth and export opportunities [4][21].

本次股票上市流通总数为497,500股。 杭州永创智能设备股份有限公司 关于公司 2021 年限制性股票激励计划 第四期部分限售股解锁上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 497,500股。 证券代码：603901 证券简称：永创智能 公告编号：2025-117 转债代码：113654 转债简称：永 02 转债 本次股票上市流通日期为2026 年 1 月 7 日。 一、本次股权激励计划限制性股票批准及实施情况 (一) 本次股权激励计划方案履行的程序 1、2021 年 8 月 9 日，公司召开第四届董事会第九次会议，会议审议通过了《关 于<杭州永创智能设备股份有限公司 2021 年限制性股票激励计划（草案）>及其摘 要的议案》和《关于制定<杭州永创智能设备股份有限公司 2021 年限制性股票激 励计划实施考核管理办法>的议案》。公司第四届监事会第九次会议审议通过了前 述议案及核查《公司 2021 年限制性股票激励计划授予的激励 ...

Core Viewpoint - The company, Hangzhou Yongchuang Intelligent Equipment Co., Ltd., has changed the status of its private placement review to "submitted for registration" as of December 29, 2025, indicating progress in its fundraising efforts [1][13]. Group 1: Key Issuance Elements - Stock Type: Domestic listed RMB ordinary shares (A-shares) with a par value of 1 yuan, listed on the Shanghai Stock Exchange, sponsored by Zheshang Securities [2][14]. - Issuance Scale: A total of 26,572,187 shares will be issued, raising approximately 299.99999123 million yuan (not exceeding 300 million yuan, in compliance with the simplified procedure net asset limit of 20%) [2][14]. - Issuance Price: The price is set at 11.29 yuan per share, determined through bidding, with a total of 9 subscribers (including public offerings, private placements, and individuals) [3][15]. Group 2: Fund Utilization - Subscription Method: Full cash subscription with a lock-up period of 6 months for all subscribers [4][16]. - Fund Allocation: After deducting issuance costs, approximately 216.5801 million yuan will be allocated to the annual production of 3,500 sets of digital intelligent solid-state food packaging equipment, and about 83.4199 million yuan will be used to supplement working capital [4][16]. Group 3: Impact of the Private Placement - Expansion of High-End Capacity: The project will significantly enhance the company's supply capability of high-end packaging equipment, addressing the growing demand for automated and intelligent packaging in the food and beverage sector, and supporting the delivery of new orders worth approximately 4.5 billion yuan in 2024 [5][17]. - Strengthening Product and Technical Barriers: The focus on digital intelligence and solid-state packaging technology upgrades will help differentiate the company from smaller competitors, increasing the proportion of high-margin intelligent production lines and optimizing revenue structure [5][17]. Group 4: Financial Structure Optimization - Alleviating Financial Pressure: The addition of 83.42 million yuan in working capital will lower the debt-to-asset ratio (approximately 68.03% in the first three quarters of 2025), reduce financial costs, and improve cash flow, enhancing the company's ability to withstand industry fluctuations [6][18]. - Reserving Space for Operations and R&D: Lowering operational leverage and enhancing financial flexibility will provide funding reserves for technological iterations and market expansion, ensuring the rhythm of R&D investment and order delivery [6][18]. Group 5: Industry Position Consolidation - Expanding Scale and Brand Advantage: The new capacity will further solidify the company's leading position in the packaging equipment sector, leveraging economies of scale to reduce marginal costs and enhance the integrated solution capabilities of "equipment + supporting + services" [7][19]. - Binding Quality Capital and Partners: The participation of 9 specific subscribers (including public and private investors) will deepen capital and industry chain collaboration, creating conditions for future business cooperation and resource integration [7][20]. Group 6: Alignment with Industry Trends - Supporting Long-Term Strategic Implementation: The fundraising aligns with the intelligent and large-scale development trends in downstream industries such as food and beverage, facilitating rapid expansion and technological upgrades, and aiding the company's transition from single equipment to a comprehensive service provider for intelligent production lines [8][21]. Group 7: Private Placement Process - Proposal Timeline: The proposal was approved by the company's board on August 28, 2025, and announced on August 30, with a revised draft released on December 1, 2025 [9][22]. - Acceptance Date: The Shanghai Stock Exchange officially accepted the application on December 25, 2025 [10][23]. - Approval Date: The application was approved by the Shanghai Stock Exchange on December 29, 2025 [12][25].

Group 1 - The company, Hangzhou Yongchuang Intelligent Equipment Co., Ltd., has received approval from the Shanghai Stock Exchange for its application to issue stocks to specific targets through a simplified procedure [1] - The approval indicates that the company's stock issuance application meets the requirements for issuance, listing, and information disclosure [1] - The implementation of the stock issuance is contingent upon receiving consent from the China Securities Regulatory Commission, which introduces uncertainty regarding the timing and outcome of the registration decision [1] Group 2 - The company will adhere to relevant laws and regulations regarding the issuance of stocks to specific targets and will fulfill its information disclosure obligations in a timely manner based on the progress of the application [2]

Core Viewpoint - Yongchun Intelligent has received approval from the Shanghai Stock Exchange for its application to issue shares to specific investors through a simplified procedure, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Fundraising Details - The company plans to raise a total of 299,999,991.23 yuan, not exceeding 30 million yuan, with the net proceeds allocated to a project for producing 3,500 sets of digital intelligent solid food packaging equipment and to supplement working capital [1][2] - The total investment for the digital intelligent solid food packaging equipment project is 232.87 million yuan, with 216.58 million yuan expected to be funded from the raised capital [2] Group 2: Issuance and Subscription - The issuance will involve up to 35 specific investors, all subscribing in cash, with no related party transactions involved [2] - The total number of shares to be issued is 26,572,187, with a determined issue price of 11.29 yuan per share, which is not less than 80% of the average stock price over the previous 20 trading days [3][4] Group 3: Shareholding Structure - Before the issuance, the actual controllers of Yongchun Intelligent, Luo Bangyi and Lü Jie, hold a combined 50.28% of the shares. Post-issuance, their combined control will decrease to 47.68%, but they will remain the actual controllers of the company [5]

"杭州永创智能设备股份有限公司向特定对象发行股票申请符合发行条件、 上市条件和信息披露要求。本所将在收到你公司申请文件后提交中国证监会注 册。" 公司本次以简易程序向特定对象发行股票事项尚需获得中国证券监督管理 委员会（简称"中国证监会"）作出同意注册的决定后方可实施，最终能否获得 中国证监会同意注册的决定及其时间尚存在不确定性。公司将根据进展情况，严 格按照上市公司向特定对象发行股票相关法律法规的要求及时履行信息披露义 务，敬请广大投资者注意投资风险，理性投资。 特此公告。 杭州永创智能设备股份有限公司董事会 2025 年 12 月 30 日 | 证券代码：603901 | 证券简称：永创智能 | 公告编号：2025-116 | | --- | --- | --- | | 转债代码：113654 | 转债简称：永 02 转债 | | 杭州永创智能设备股份有限公司 关于以简易程序向特定对象发行股票申请获得 上海证券交易所审核通过的公告 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个别及连带责任。 杭州永创智能设备股份有限公司（以下简称 ...

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Group 1 - The core point of the article is that Yongchuan Intelligent has announced the approval of several proposals, including the unlocking conditions for the fourth phase of the 2021 restricted stock incentive plan by its fifth board of directors at the thirty-second meeting [2] Group 2 - The announcement indicates a significant step in the company's incentive plan, which may impact employee motivation and retention [2] - The approval of the unlocking conditions suggests that the company is progressing towards its strategic goals set in the incentive plan [2] - This development may also reflect the company's overall performance and future outlook, as it ties employee rewards to company achievements [2]

!公式不在表格中票简称：永创智能股票代码：603901 杭州永创智能设备股份有限公司 （浙江省杭州市西湖区三墩镇西园九路 1 号） 声明 保荐机构（主承销商） （杭州市五星路 201 号） 二〇二五年十二月 永创智能以简易程序向特定对象发行股票 募集说明书（申报稿） 以简易程序向特定对象发行股票 募集说明书 （申报稿） 1、公司及全体董事、高级管理人员承诺本募集说明书内容真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担 相应的法律责任。 5、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 6、本募集说明书所述事项并不代表审批机关对于本次以简易程序向特定对 象发行股票相关事项的实质性判断、确认、批准或核准，本募集说明书所述以简 易程序向特定对象发行股票相关事项的生效和完成尚待取得有关审批机关的批 准、核准或注册。 1-1-1 永创智能以简易程序向特定对象发行股票 募集说明书（申报稿） 重大事项提示 本部分所述词语或简称与本募集说明书"释义"所述词语或简称具有相同含 义。 2、本募集说明书按照《上市公司证券发行注册管理办法》《公开发行证券 的公 ...