证券代码：603992 证券简称：松霖科技 公告编号：2026-004 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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。 重要内容提示： ●本次现金管理产品种类：银行结构性存款 ●本次受托方：兴业银行厦门文滨支行 ●已履行的审议程序：厦门松霖科技股份有限公司（以下简称"公 司"）分别于 2024 年 12 月 16 日、2025 年 10 月 29 日召开董事会并 审议通过《关于公司使用闲置募集资金进行现金管理的议案》，保 荐机构均对该事项出具了无异议的核查意见。 ●特别风险提示：公司使用暂时闲置募集资金进行现金管理的 产品类型虽然仅限于安全性高、流动性好、单项产品期限最长不超 过 12 个月的银行、证券公司、保险公司或其他金融机构理财产品或 存款类产品，总体风险可控，但是金融市场受宏观经济的影响较大， 购买理财产品可能存在市场风险、流动性风险、信用风险及其他风 险，公司将根据市场情况及金融市场的变化适时适量的介入 ...

Core Viewpoint - The renovation and building materials sector experienced a slight decline, closing at 17,983.59 points with a drop of 0.13%, impacting individual stocks within the sector [1] Group 1: Stock Performance - Yashi Chuangneng closed at 6.69 CNY per share, leading the decline with a drop of 4.43% [1] - Meike Home closed at 2.83 CNY per share, with a decrease of 4.07%, ranking second in the decline [1] - *ST Songfa closed at 82.39 CNY per share, down by 3.07%, ranking third in the decline [1] - Youbang Diao Ding led the gains, closing at 75.60 CNY per share with an increase of 7.54% [1] - Songlin Technology closed at 41.29 CNY per share, up by 6.72%, ranking second in gains [1] - Kangxin New Materials closed at 4.30 CNY per share, with an increase of 5.13%, ranking third in gains [1] Group 2: Market Insights - China Galaxy's report indicates that year-end rush work has driven a month-on-month increase in retail, supporting demand for building materials in a stagnant market [1] - As temperatures drop, demand in the home decoration market is expected to decrease further, with anticipation for recovery post-Spring Festival, which may gradually release demand for building materials [1] - In the medium to long term, renovation of existing homes, old renovations, and urban renewal are expected to be the main drivers of demand for building materials [1] - Urban renewal is expected to stimulate demand in the old renovation and repair market, while consumption upgrades will enhance the demand for high-quality green building materials [1] - Leading companies with channel layout advantages and brand strengths are likely to continue consolidating their market positions [1]

Group 1 - The home goods sector experienced a decline of 1.72% on January 26, with Songlin Technology leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] - Notable gainers in the home goods sector included Haolaike, which rose by 3.64% to a closing price of 16.52, and ST Sitong, which increased by 3.20% to 7.74 [1] Group 2 - The home goods sector saw a net outflow of 476 million yuan from major funds, while retail investors contributed a net inflow of 274 million yuan [2] - Major stocks like Dinggu Jichuang and Meixin Technology had significant net inflows from retail investors, with Dinggu Jichuang seeing a net inflow of 27.63 million yuan [3] - The overall trading volume in the home goods sector was substantial, with stocks like Taili Technology and Filinger experiencing notable declines of 6.86% and 6.15%, respectively [2][3]

Group 1 - The renovation and building materials sector experienced a decline, closing at 18,006.30 points with a drop of 1.22% [1] - Notable declines in individual stocks include Songlin Technology, which closed at 38.69 CNY per share, down 9.86%, leading the sector's losses [1] - Filinger closed at 29.60 CNY per share, down 6.15%, and Shangpin Home closed at 14.85 CNY per share, down 6.07%, ranking second and third in losses respectively [1] Group 2 - ST Nachuan led the gains in the sector, closing at 2.84 CNY per share with an increase of 7.17% [1] - Youbang Ceiling closed at 70.30 CNY per share, up 4.33%, and Haolaike closed at 16.52 CNY per share, up 3.64%, ranking second and third in gains respectively [1] Group 3 - Dongwu Securities indicated that with the implementation of housing and urban renewal policies, the market dynamics are expected to improve significantly [1] - The rapid development of smart home appliances is anticipated by 2026, driven by advancements in model and computing power matching [1]

证券代码：603992 证券简称：松霖科技 公告编号：2026-003 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于减少注册资本并修订《公司章程》部分条款的公告 除上述条款外，《厦门松霖科技股份有限公司章程》其他条款不 变，重新修订后的《厦门松霖科技股份有限公司章程（2026 年 1 月 修订版）》详见上海证券交易所网站（www.sse.com.cn）。 根据公司 2025 年第三次临时股东会的授权，该议案不需要提交 股东会审议，并由董事会授权相关人员于董事会审议通过后办理工 商变更、章程备案等相关事宜，上述变更最终以公司登记机关核准/ 备案的内容为准。 特此公告。 一、本次减少注册资本的原因 公司分别于 2025 年 11 月 13 日、2025 年 12 月 1 日召开了第三 届董事会第二十七次会议和 2025 年第三次临时股东会，审议通过了 《关于终止实施 2023 年限制性股票激励计划暨回购注销相关限制性 股票的议案》，北京植德律师事务所出具了法律意见书。具体内容详 见公司于 2025 年 11 月 14 日披露的《关于终止实施 2023 年限制性 股票激励计划暨回购注销 ...

Industry Overview - The home building materials industry is experiencing a significant downturn, with many listed companies reporting declines in net profit or losses for 2025, reflecting common challenges faced across the sector [1] - The ongoing slump in the real estate market is the primary factor affecting demand for home building materials, leading to reduced engineering orders and weak retail market demand, which in turn has resulted in sales revenues falling short of expectations [1] - Intense market competition has pressured product prices, and the slow recovery of end-consumer spending has eroded gross margins for many companies [1] - Some companies have made substantial asset impairment provisions based on asset recoverability and industry outlook adjustments, further dragging down current profits [1] - Many companies are proactively implementing measures such as executive salary reductions, optimizing channels, and advancing global capacity layouts to improve efficiency [1] Company-Specific Insights - Mona Lisa (002918.SZ) expects a net profit of 45 million to 66 million yuan for 2025, a decline of 47.18% to 63.99% year-on-year, primarily due to intense competition and reduced orders from the real estate sector [3] - ILO Home (603326.SH) anticipates a net profit of 171 million to 190 million yuan for 2025, representing a year-on-year increase of 40.78% to 56.42%, driven by a differentiated brand strategy and improved retail operations [4] - Red Star Macalline (601828.SH) expects to report a loss for 2025, attributed to the ongoing downturn in the real estate market and a significant decline in rental income [4] - Jinyu Group (601992.SH) forecasts a loss of 900 million to 1.2 billion yuan for 2025, impacted by the downturn in the building materials and real estate sectors [5] - Haolaike (603898.SH) projects a net profit of 13.5 million to 20 million yuan for 2025, a decrease of 75.16% to 83.23% year-on-year, due to a sluggish home consumption market [5] - Qu Mei Home (603818.SH) expects a net loss of 110 million to 75 million yuan for 2025, with a reduction in losses compared to the previous year [6] - Songlin Technology (603992.SH) anticipates a net profit of 180 million to 210 million yuan for 2025, a decrease of 52.96% to 59.68% year-on-year, affected by macroeconomic challenges and trade tensions [6] - Meike Home (600337.SH) is also expected to report a negative net profit for 2025, influenced by macroeconomic fluctuations and insufficient market demand [7]

Group 1 - The renovation and building materials sector experienced growth, closing at 17,261.91 points with an increase of 1.75% [1] - Several stocks in the renovation and building materials sector saw price increases, with Aibang Ceiling (002718) leading at 61.08 CNY per share, up 9.99% [1] - Meike Home (600337) closed at 3.12 CNY per share, with a rise of 9.86%, ranking second in the sector [1] - Kaier New Materials (300234) closed at 6.23 CNY per share, increasing by 7.79%, ranking third in the sector [1] Group 2 - Jiangshan Oupai (603208) led the decline in the sector, closing at 15.22 CNY per share with a drop of 3.85% [1] - Xilinmen closed at 21.10 CNY per share, down 2.27%, ranking second in the decline [1] - Songlin Technology (603992) closed at 42.04 CNY per share, decreasing by 2.12%, ranking third in the decline [1] Group 3 - Dongwu Securities indicated that the improvement in the market structure will become more evident due to the effects of good housing and urban renewal policies on both supply and demand [1] - The application of AI is expected to accelerate the development of smart home appliances by 2026, driven by the matching of models and computing power [1]

Summary of the Conference Call for Songlin Technology Company Overview - **Company**: Songlin Technology - **Industry**: Robotics and IDM (Innovation, Design, Manufacture) Key Points Industry and Company Developments - **Vietnam Base Capacity Release**: The capacity release of the Vietnam base has been delayed until Q1 2026 due to customer factory inspections and supply chain adjustments. However, the second phase is expected to be fully operational in the first half of 2026, which is crucial for the company's main business and robotics export strategy [2][15]. - **R&D Investment**: The company is increasing its R&D investment, with R&D expenses expected to exceed 10% of revenue in 2026. In 2024, R&D expenses are projected to reach 220 million yuan, focusing on the IDM main business and robotics to address market changes and trade war challenges [2][17]. Performance Outlook - **2025 Performance Challenges**: The overall performance in 2025 is expected to be under pressure due to three main factors: the impact of the US trade war, delays in capacity release at the Vietnam base, and increased incremental costs from R&D and initial expenses related to the Vietnam base [3]. - **Positive Outlook for 2026**: The company holds a positive outlook for 2026, anticipating that structural adjustments in overseas customer supply chains and the full capacity release of the Vietnam base will enhance competitive advantages. Orders signed indicate that monthly order volumes in Q4 2025 will exceed those of Q4 2024, with a concentration of releases expected in Q1 2026 [4][5]. Robotics Business Strategy - **Strategic Importance**: The robotics business is a key strategic line for the company, with plans for 33 SPU products, some of which are already in practical use. The company aims to expand its team to approximately 200 people and set clear revenue and order targets for 2026 [2][7]. - **Application Scenarios**: The company has launched comprehensive solutions in logistics and healthcare robotics, targeting industrial parks, healthcare institutions, and schools. Collaborations with Five-Star Health and Nanhua University are underway to explore new robot applications [8][10]. Competitive Advantages - **Core Advantages of Robotics**: The robotics division's core advantages include comprehensive solutions, familiarity with application scenarios, a rich accumulation of potential customers, strong hardware cost control, and the ability to leverage existing AI technologies for product iteration [11][12]. - **Market Adaptation**: The company is adapting to market changes, particularly the US trade war, by increasing R&D in the IDM sector and accelerating the construction of the Vietnam factory to meet global customer supply chain needs [9][20]. Financial Considerations - **Impact of Metal Prices and Exchange Rates**: The company has price linkage agreements with clients, which mitigate the impact of fluctuations in base metal prices and exchange rates on overall performance [18]. - **Future Financing Plans**: Currently, there are no clear plans for convertible bond redemption, but the company is considering various financing options as the robotics business develops [14]. Future Growth Opportunities - **IDM Business Growth**: The IDM business is expected to grow through existing product development, new project introductions, and opportunities arising from supply chain adjustments due to the trade war. Collaborations with top brands in smart kitchen and health-related products are anticipated to drive future growth [17][19]. Conclusion Songlin Technology is strategically positioned to leverage its robotics and IDM capabilities to navigate market challenges and capitalize on growth opportunities, particularly in the context of evolving supply chain dynamics and increasing demand for automation solutions.

Group 1 - The company, Songlin Technology (603992.SH), announced an expected net profit attributable to shareholders of the parent company for the year 2025 to be between 180 million to 210 million yuan, representing a year-on-year decrease of 52.96% to 59.68% [1]

Core Viewpoint - Songlin Technology (603992.SH) expects a significant decline in net profit for the year 2025, primarily due to external challenges from the macroeconomic environment and the US tariff trade war, alongside operational adjustments [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 180 million to 210 million yuan for 2025, representing a decrease of 236.415 million to 266.415 million yuan compared to the previous year, which is a year-on-year decline of 52.96% to 59.68% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 155 million to 185 million yuan, reflecting a decrease of 230.748 million to 260.748 million yuan year-on-year, equating to a decline of 55.50% to 62.72% [1] Industry Context - The decline in performance is attributed to challenges and disruptions in the industry caused by the macroeconomic environment and the US tariff trade war, leading to a drop in domestic orders and short-term fluctuations in overseas orders [1] - Despite the challenges, the global supply chain adjustments and structural changes resulting from the tariff trade war present strategic opportunities for the company to advance its global capacity layout and expand into diverse markets and incremental business [1] Operational Factors - The company's production base in Vietnam is gradually commencing operations, which has led to an increase in fixed asset depreciation and operational maintenance costs during the initial phase of new project operations, impacting short-term profits [1]