证券日报网讯 12月30日，华锐精密发布公告称，华锐精密第三届董事会第二十三次会议审议通过《关 于实施2025年前三季度权益分派调整可转债转股价格的议案》。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 12月30日，华锐精密发布公告称，现金分红总额：株洲华锐精密工具股份有限公司（以 下简称"公司"）2025年前三季度拟向全体股东每 10 股派发现金红利 6 元（含税）不变，派发现金红利 总额由 56，140，920.60 元（含税）调整为 56，141，007.00 元（含税）。 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-084 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 株洲华锐精密工具股份有限公司 关于"华锐转债"预计满足赎回条件的提示性公告 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： 株洲华锐精密工具股份有限公司（以下简称"公司"）股票自 2025 年 11 月 28 日至 2025 年 12 月 30 日已有十个交易日的收盘价不低于"华锐转债" 当期转股价格的 130%（即不低于 81.24 元/股）。若在未来连续七个交易日内仍 有五个交易日公司股票的收盘价不低于当期转股价格的 130%（含 130%），将 触发"华锐转债"的有条件赎回条款。届时公司有权决定是否按照债券面值加当 期应计利息的价格赎回全部或部分未转股的"华锐转债"。 根据《上海证券交易所上市公司自律监管指引第 12 号——可转换公司债券》 的有关规定，公司可能触发可转换公司债券有条件赎回条款，现将相关情况公告 如下 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 株洲华锐精密工具股份有限公司 关于实施 2025 年前三季度权益分派调整可转债转股价 格的公告 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法律责任。 重要内容提示： 证券停复牌情况：适用 因实施 2025 年前三季度权益分派，本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 118009 | 华锐转债 | 可转债转股复牌 | | | 2026/1/7 | 2026/1/8 | 一、转股价格调整依据 株洲华锐精密工具股份有限公司（以下简称"公司"）已于 2025 年 12 月 19 日召开了 2025 年第四次临时股东会，审议通过了《关于 2025 年前三季度利润分 配 ...

具体内容详见公司同日刊登在上海证券交易所网站（www.sse.com.cn)的《关 于实施 2025 年前三季度权益分派调整可转债转股价格的公告》（公告编号： 2025-080）。 株洲华锐精密工具股份有限公司（以下简称"公司"）第三届董事会第二十三 次会议于 2025 年 12 月 30 日以现场表决与通讯结合的方式召开，会议通知已于 2025 年 12 月 25 日以专人、邮寄及电子邮件等方式发出。本次会议应出席董事 7 人，实际出席董事 7 人，会议由董事长肖旭凯先生召集并主持。本次会议的召集、 召开方式符合相关法律、行政法规、部门规章、规范性文件和《株洲华锐精密工 具股份有限公司章程》的规定，会议决议合法、有效。 二、董事会会议审议情况 （一）审议通过了《关于实施 2025 年前三季度权益分派调整可转债转股价 格的议案》 根据中国证券监督管理委员会关于可转换公司债券发行的有关规定及公司 于 2022 年 6 月 22 日刊载于上海证券交易所网站（www.sse.com.cn）的《株洲华 锐精密工具股份有限公司向不特定对象发行可转换公司债券募集说明书》的相关 条款，董事会审议通过《关于实施 2025 年 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-081 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 以实施权益分派股权登记日的总股本为基数，公司拟向全体股东每 10 股派 发现金红利 6 元（含税）。截至 2025 年 11 月 30 日，公司总股本 93,568,201 股， 以此计算合计拟派发现金红利 56,140,920.60 元（含税）。 如在本公告披露之日起至实施权益分派股权登记日期间，因可转债转股/回 购股份/股权激励授予股份回购注销/重大资产重组股份回购注销等致使公司总股 本发生变动的，公司拟维持每股分配比例不变，相应调整分配总额。如后续总股 株洲华锐精密工具股份有限公司 关于调整2025 年前三季度利润分配现金分红总额的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 现金分红总额：株洲华锐精密工具股份有限公司（以下简称"公司"）2025 年前三季度拟向全体股东每 10 股派发现金红利 6 元（含税） ...

| 转债代码：118009 | 转债简称：华锐转债 | | | --- | --- | --- | | 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-082 | 株洲华锐精密工具股份有限公司 2025年前三季度权益分派实施公告 本公司董事会及全体董事保证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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2026/1/7 | 2026/1/8 | 2026/1/8 | 一、通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 12 月 19 日的2025年第四次临时股东会审议 通过。 二、分配方案 1. 发放年度：2025年前三季度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本93,568,345股为基数，每股派发现金 是否涉及差 ...

Overview - The mechanical equipment sector has shown strong performance, with a 30.48% increase from January to November 2025, ranking sixth among 31 primary industry indices [20][21][22] - Multiple sub-sectors have outperformed the Shanghai Composite Index and CSI 300, with significant gains in electric motors, general equipment, and specialized equipment [20][22] General Sector - The PMI and new orders PMI for the general sector showed a trend of rising and then falling, indicating stable manufacturing demand, with inventory levels remaining reasonable [2][32] - The peak growth rate for finished product inventory PMI was 2.56%, suggesting a stable inventory situation [2][32] - Companies to watch include Inovance Technology, Okuma, Huari Precision, New Sharp, Naipu Mining Machinery, and Jereh [2][39] Engineering Machinery Sector - The engineering machinery industry is experiencing a recovery in domestic demand and high overseas demand, with a focus on electrification and technological transformation [3] - Key players like SANY Heavy Industry, XCMG, Zoomlion, and LiuGong are noted for their advantages in technology research and global channels [3] Rail Transit Equipment Sector - The growth rates for passenger and freight transport have exceeded the annual expectations set by the China National Railway Group, with significant investment in the railway sector [4] - From January to October 2025, passenger volume reached 3.95 billion, up 6.4% year-on-year, and freight volume was 4.37 billion tons, up 2.6% [4] - Companies to focus on include CRRC Corporation, China Railway Signal & Communication, and Siwei Control [4][39] Quantum Technology Sector - The national strategy increasingly emphasizes quantum technology, with expectations for continued investment and policy support [8] - The development of quantum technology is anticipated to drive demand for related hardware and software, benefiting core equipment manufacturers [8][39] Low-altitude Economy Sector - The low-altitude economy has been highlighted in government work reports, with local governments actively promoting development plans [9] - By 2025, local low-altitude economic industry funds are expected to exceed 100 billion, providing financial support for development [9][39] Export Chain Sector - The export chain is advised to focus on the U.S. market and emerging markets, with potential recovery in consumer spending if the U.S. continues to lower interest rates [10] - Companies to monitor include Jack Technology, Honghua Digital, Yindu Co., and Yizhiming [10][39]

摘要 华锐精密一至三季度业绩同比环比持续增长，基本面向上趋势显著，受 益于行业需求回升及库存反弹，中小企业停工加速市场份额向龙头集中。 公司积极布局人形机器人、燃机等新兴领域，已成为国内人形机器人刀 具加工及解决方案领先企业，与宇树合作推出核心零部件解决方案。 原材料价格上涨通过价格传导机制提升公司收益，下半年至明年上半年 持续受益，同时 AI 刀具系统每台售价 3-5 万元，对应数百万台机床需求， 有望成为重要增量。 公司战略转型，从非标刀具转向标准化刀具，深耕中高端市场，加大研 发投入，拓展整包项目和海外市场，直销收入翻倍，占比达 20%。 公司推出智家工业软件系统，实时监测刀具加工状态，与机床数控系统 互补，已达成 1 万套左右意向签约，计划优先向存量刀具客户推广。 预计 2025 年公司业绩 1.8 亿至 2 亿元，2026 年有望达 2.5 亿至 3 亿 元，刀具涨价、新产品放量及新产业布局提供增长动力，看好未来发展 前景。 刀具行业与制造业景气度挂钩，国产刀具在一般场景可平替日韩品牌， 但高端市场仍需提升，国内供应数量占比高但价值量占比低，国产替代 空间广阔。 华锐精密 20251228 Q&A ...

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on AI equipment and consumables, as well as commercial aerospace [1]. Core Insights - The report highlights the rapid growth in demand for high-performance servers, GPUs, and advanced PCBs driven by the surge in AI technology and applications. The global PCB industry is projected to grow from $73.6 billion in 2024 to $96.4 billion by 2029, with a CAGR of 5.6% [7][22]. - The report emphasizes the importance of advancements in PCB equipment and consumables, particularly in drilling and exposure equipment, which are expected to see significant market growth due to the increasing complexity of AI applications [22][24]. - The commercial aerospace sector is entering a critical phase with the successful launch of reusable rockets, which could significantly reduce satellite launch costs and accelerate satellite networking processes [7][24]. Summary by Sections Industry and Company Investment Views - The report discusses the impact of AI on PCB demand, noting that the need for high-density and high-layer PCBs is increasing, which will drive the demand for advanced drilling and exposure equipment [22][24]. - Key companies to watch include Dingtai High-Tech and Zhongtung High-New in the consumables sector, and Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [7][24]. - The report suggests that the equipment industry is entering a golden age due to the expansion of AI infrastructure, with significant growth expected in drilling and exposure equipment markets [22][24]. Key Data Tracking - The report provides macroeconomic data, including the manufacturing PMI index and fixed asset investment growth rates, which are crucial for understanding the overall health of the mechanical industry [26][30]. - The mechanical sector has shown a strong performance, with a 4.5% increase in the sector index, outperforming the broader market indices [11][16]. Company Earnings Forecasts and Valuations - The report includes earnings forecasts and valuations for key companies in the mechanical sector, with several companies rated as "Strong Buy," indicating strong expected growth in earnings per share (EPS) and favorable price-to-earnings (PE) ratios [2][8].