Core Viewpoint - In July 2025, the total amount of stock reduction by directors, supervisors, and senior executives of listed companies in the Shanghai and Shenzhen stock markets reached approximately 5.75 billion yuan, with a net reduction of 5.241 billion yuan after offsetting the total increase of about 509 million yuan [1][3]. Summary by Category Stock Reduction - The total reduction amount in July 2025 was approximately 57.5 billion yuan, involving 314 companies [1][3]. - The electronic industry had the highest reduction amount, while the power equipment industry saw the most significant increase [1][9]. - Year-on-year, the reduction amount increased by 405.9%, and month-on-month, it rose by 45.52% [1][3]. - The top three companies with the highest reduction amounts were Guomao Co., Ltd. (1.86 billion yuan), Jingyeda (1.77 billion yuan), and Lihua Co., Ltd. (1.72 billion yuan) [3][4]. Stock Increase - The total increase amount in July 2025 was approximately 509 million yuan, involving 50 companies [1][10]. - The power equipment industry had the highest increase amount, approximately 307 million yuan, followed by the light industry and mechanical equipment industries [10][21]. - The top three companies with the highest increase amounts were Enjie Co., Ltd. (2.61 billion yuan), Jereh Co., Ltd. (0.59 billion yuan), and Wangzi New Materials (0.55 billion yuan) [15][11].

Core Viewpoint - Guomao Co., Ltd. (603915.SH) announced a reduction in shareholding by its actual controllers and their concerted actors, which will not affect the company's control or governance structure [1][2]. Group 1: Shareholding Changes - The actual controllers Xu Guozhong and Xu Bin, along with their concerted actors, reduced their total shareholding from 66.58% to 65.58% by selling 6,526,100 shares between July 15 and July 31, 2025 [1][2]. - Xu Bin sold 1,770,000 shares, while Xu Guozhong sold 4,756,100 shares, resulting in a total cash-out of approximately 101.61 million yuan at an average price of 15.57 yuan per share [1][2]. Group 2: Individual Shareholding Details - Before the reduction, Xu Bin held 52,183,222 shares (7.95% of total shares), and after the reduction, he holds 50,413,222 shares (7.68%) [2]. - Xu Guozhong held 39,050,000 shares (5.95%) before the reduction and now holds 34,293,900 shares (5.22%) [2]. - The concerted actors, Guomao Reducer Group Co., Ltd., Shen Huiping, and Xu Ling, maintained their holdings at 333,760,000 shares (50.83%), 1,913,880 shares (0.29%), and 10,263,854 shares (1.56%) respectively [2]. Group 3: Compliance and Impact - The shareholding change is in line with previously disclosed reduction plans and does not trigger a mandatory tender offer [2]. - The reduction will not lead to a change in the controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations [2].

证券代码：603915 证券简称：国茂股份 公告编号：2025-024 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 司治理结构及持续经营产生重大影响。 持股份管理暂行办法》《上海证券交易所股票上市规则》《上海证券交易所上市 公司自律监管指引第 15 号——股东及董事、高级管理人员减持股份》等相关法 律法规和规范性文件规定的情形。 定，并及时向投资者披露相关信息，敬请广大投资者注意投资风险。 | 权益变动方向 比例增加□ 比例减少 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 权益变动前合计比例 66.58% | | | | | | | | | | 权益变动后合计比例 65.58% | | | | | | | | | | 本次变动是否违反已作出的 | | | | | | | | | | 否 | 是□ | | | | | | | | | 承诺、意向、计划 | | | | | | | | | | 是否触发强制要约收购义务 是□ 否 | | | | | | | | | | ...

及其一致行动人权益变动触及 1%刻度的提示性公告 公司实际控制人徐国忠、徐彬及其一致行动人国茂减速机集团有限公司、沈惠萍、 徐玲保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 66.58% | | | | 权益变动后合计比例 | 65.58% | | | | 本次变动是否违反已作出的 承诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、信息披露义务人及其一致行动人的基本信息 证券代码：603915 证券简称：国茂股份 公告编号：2025-024 江苏国茂减速机股份有限公司关于实际控制人 公司于 2025 年 7 月 31 日收到公司实际控制人徐国忠、徐彬及其一致行动人 国茂减速机集团有限公司、沈惠萍、徐玲发来的《关于权益变动比例触及 1%整 数倍的告知函》，徐彬、徐国忠于 2025 年 7 月 15 日至 ...

格隆汇7月31日丨国茂股份(603915.SH)公布，公司于2025年7月31日收到公司实际控制人徐国忠、徐彬 及其一致行动人国茂减速机集团有限公司、沈惠萍、徐玲发来的《关于权益变动比例触及1%整数倍的 告知函》，徐彬、徐国忠于2025年7月15日至2025年7月31日期间，通过集中竞价的方式，合计减持公司 无限售流通股6,526,100股，其中，徐彬减持1,770,000股,徐国忠减持4,756,100股。徐国忠、徐彬与一致 行动人合计持有公司股份比例由66.58%减少至65.58%，权益变动触及1%刻度。 ...

金融界消息 截至2025年7月30日收盘，国茂股份（603915）报收于15.14元，下跌3.51%，换手率 1.73%，成交量11.39万手，成交金额1.74亿元。 天眼查商业履历信息显示，江苏国茂减速机股份有限公司，成立于2013年，位于常州市，是一家以从事 通用设备制造业为主的企业。企业注册资本65908.843万人民币，实缴资本65908.843万人民币。公司法 定代表人为徐国忠。 通过天眼查大数据分析，江苏国茂减速机股份有限公司共对外投资了6家企业，参与招投标项目677次， 知识产权方面有商标信息140条，专利信息228条，此外企业还拥有行政许可31个。 来源：金融界 资金流向方面，今日主力资金净流出4462.57万元，占比成交额25.64%。其中，超大单净流出2824.99万 元、占成交额16.23%，大单净流出1637.59万元、占成交额9.41%，中单净流出流入1082.40万元、占成 交额6.22%，小单净流入3380.18万元、占成交额19.42%。 国茂股份最新一期业绩显示，截至2025一季报，公司营业总收入6.02亿元、同比增长2.82%，归属净利 润4303.37万元，同比减少33. ...

Core Viewpoint - On July 21, a total of 23 listed companies had their restricted shares unlocked, with a total market value of approximately 5.36 billion yuan [1] Summary by Category Restricted Share Unlocking - The specific details of the restricted share unlocking include: - Shandong High Energy (000803): 1.2772 million shares from equity incentive - Yueyang Xingchang (000819): 2.1525 million shares from equity incentive - Zhangyu A (000869): 2.0357 million shares from equity incentive - Sheneng Co., Ltd. (600642): 9.7161 million shares from equity incentive - Batian Co., Ltd. (002170): 1.2 million shares from equity incentive - Wanma Co., Ltd. (002276): 2.6112 million shares from equity incentive - Chuanfa Longmang (002312): 12.5 million shares from A-share issuance - Chengda Pharmaceutical (301201): 6.15594 million shares with extended lock-up period - Maoshuo Power (002660): 8.22983 million shares from A-share issuance - Laobaixing (603883): 193.6 thousand shares from equity incentive - Zhenbaodao (603567): 726.9 thousand shares from equity incentive - Lifang Pharmaceutical (003020): 234 thousand shares from equity incentive - Triangle Defense (300775): 110.4 thousand shares from equity incentive - Yidao Information (001314): 46.26 thousand shares from equity incentive - Honghe Technology (603256): 252.65 thousand shares from equity incentive - Guomao Co., Ltd. (603915): 165.8 thousand shares from equity incentive - Arrow Home (001322): 135.28 thousand shares from equity incentive - Hongying Intelligent (001266): 18 thousand shares from equity incentive - Kangpeng Technology (688602): 4.6189 million shares - Juyi Technology (688162): 108.1 thousand shares - Xidiwei (688173): 15.4 million shares - Aike Optoelectronics (688610): 68 thousand shares - Hangcai Co., Ltd. (688563): 180 thousand shares [1]

Investment Rating - The report indicates a positive investment outlook for the humanoid robot industry, highlighting significant growth potential driven by policy support and technological advancements [3][10]. Core Insights - The humanoid robot industry is experiencing rapid development, with government policies emphasizing embodied intelligence as a key focus for future industrial growth [10]. - Major companies are investing heavily in humanoid robotics, leading to accelerated technological progress and market expansion [3][8]. - The production of humanoid robots is set to increase significantly, with projections estimating a global market size of 150 billion yuan by 2029 [3][17]. Summary by Sections 1. Emergence of the Humanoid Robot Industry - The humanoid robot sector is entering a phase of industrialization, with advancements in AI enhancing interaction and learning capabilities [6][8]. 2. Harmonic Reducers: Acceleration of Domestic Production - Domestic manufacturers are ramping up production of harmonic reducers, which are critical components for humanoid robots [22][39]. 3. Planetary Roller Screws: Breakthrough in Domestic Production - The planetary roller screw market is expanding, with increasing applications in various industries, including automotive and robotics [56][68]. 4. Frameless Torque Motors: Domestic Performance Surpassing Expectations - Domestic frameless torque motors are showing competitive advantages in performance and cost, contributing to the overall growth of the humanoid robot market [28][29]. 5. Dexterous Hands: Technological Iteration and Upgrades - The development of dexterous hands is crucial for enhancing the functionality of humanoid robots, with ongoing technological improvements [22][28]. 6. Six-Dimensional Torque Sensors: Continuous Cost Reduction - The market for six-dimensional torque sensors is expected to grow as costs decrease, making them more accessible for humanoid robot applications [22][28]. 7. Market Potential and Production Plans - Companies like Tesla and Figure AI are planning significant production increases, with Tesla aiming for 5000 units in 2025 and up to 1 million units by 2029 [17][19].

公司实际控制人徐国忠、徐彬及其一致行动人国茂减速机集团有限公司、沈惠萍、 徐玲保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 比例增加□ | | 比例减少? | | --- | --- | --- | | 权益变动前合计比例 67.33% | | | | 权益变动后合计比例 66.33% | | | | 本次变动是否违反已作出的 | | | | 是□ 否? | | | | 承诺、意向、计划 | | | | 是否触发强制要约收购义务 是□ 否? | | | | 一、信息披露义务人及其一致行动人的基本信息 | | | | ?控股股东/实际控制人及其一致行动人 | | | | □其他 5%以上大股东及其一致行动人 | | | | 投资者及其一致行动人的身份 | | □合并口径第一大股东及其一致行动人（仅适用于无控 | | 股股东、实际控制人） □其他______________（请注明） | | | | 信息披露义务人名称 投资者身份 | | 统一社会信用代码 | | ? 控股股东/ ...

一、信息披露义务人及其一致行动人的基本信息 证券代码：603915 证券简称：国茂股份 公告编号：2025-023 江苏国茂减速机股份有限公司关于实际控制人 及其一致行动人权益变动触及 1%刻度的提示性公告 公司实际控制人徐国忠、徐彬及其一致行动人国茂减速机集团有限公司、沈惠萍、 徐玲保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 67.33% | | | | 权益变动后合计比例 | 66.33% | | | | 本次变动是否违反已作出的 承诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | | 投资者名称 | 变动前股数 | 变动前比 | 变动后股数 | 变动后 比例 | 权益变动方 | 权益变动的 | | --- | --- | --- | --- | --- | --- | --- | | （万股） | ...