本轮调价的核心背景是钨金属价格的持续上行。春节假期后，全球钨原料价格加速攀升，目前钨粉市场价格已突破1800 元/公斤，创下近年新高。早在1月26日，华锐精密就曾通过官方微信公众号发布通知，称钨金属价格涨幅显著，为保障产品品 质及供应稳定，公司已启动相应涨价措施。公司彼时表示，将继续深耕技术研发，持续提升生产效率，尽最大努力控制成本波 动，为市场持续提供高品质的数控刀具产品与专业配套服务。 就本轮调价落地情况及下游市场需求，华锐精密董秘段艳兰在接受《证券日报》记者独家采访时表示："当前，公司下游 多个细分制造行业开工率持续走高，市场需求呈现全面旺盛的态势。下游客户之所以能够顺利接受本轮产品调价，核心原因一 方面在于行业整体开工率充足，终端订单需求具备强支撑；另一方面则是公司产品经过多年市场验证，具备过硬的技术竞争力 与稳定的品质保障，能够为下游客户创造实实在在的生产价值。"她同时强调，未来华锐精密将继续锚定技术研发核心赛道， 不断提升生产智能化与效率水平，尽最大努力消化上游成本上涨压力，持续为下游客户提供高品质的数控刀具产品与全流程专 业服务。 对于上游钨金属价格本轮上涨的底层逻辑与后续走势，财信期货研发服务 ...

Group 1: Industry Research Highlights - The most popular industries for institutional research in the week of February 9-13, 2026, ranked by the total number of institutional surveys, are machinery, automotive, basic chemicals, and electronics, with a notable focus on power equipment and machinery in the past five days [11][13]. - Over the past 30 days, the industries with the highest number of institutional surveys are machinery, electronics, pharmaceuticals, and basic chemicals, with machinery and electronics receiving significant attention [13][14]. Group 2: Company Research Highlights - In the week of February 9-13, 2026, the companies with the highest number of institutional surveys, where the number of institutional ratings exceeds 10, include Huari Precision, China National Heavy Duty Truck Group, and Guoneng Rixin [17][20]. - Over the past 30 days, the companies with the most institutional surveys and ratings exceeding 10 are Jiemai Technology, Ice Wheel Environment, and Shanghai Bank [19][21]. Group 3: Key Company Insights 1. **Guoneng Rixin** - Focused on strategic upgrades driven by electricity trading and policies, leveraging its self-developed "Kuangming" new energy model 3.0 to create a closed loop of "prediction-decision-execution-optimization" [23][24]. - The National Development and Reform Commission's new pricing mechanism for independent energy storage significantly enhances project return expectations, driving demand for electricity trading operations [24]. - The company is expanding its investment in new energy assets through its subsidiary Rixin Hongsheng [23]. 2. **Changan Automobile** - Announced a share repurchase plan of 1-2 billion yuan to optimize capital structure and enhance shareholder confidence, alongside a product roadmap that includes 43 new models over the next three years, with over 80% being new energy vehicles [25][26]. - The Avita 06T, a product of its collaboration with Huawei, features advanced technologies and aims to produce the world's first sodium-ion battery passenger vehicle [27]. 3. **Huari Precision** - Expected to achieve a net profit of 180-200 million yuan in 2025, representing a year-on-year increase of 68-87%, driven by recovering downstream demand and product performance improvements [29]. - The company ranks second in domestic production of hard alloy CNC blades and is transitioning towards becoming a comprehensive cutting solution provider [28][29]. - It has a strong focus on R&D, with 32 authorized invention patents and a commitment to high-precision manufacturing capabilities [29][30].

华锐精密（688059.SH）2月11日在投资者互动平台表示，尊敬的投资者您好，感谢您对公司的关注。公 司"智加"工业软件所使用的传感器目前通过外采解决。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：近期中泰、国投、浙商、华泰等多家券商都发研报看 好公司AI工业软件业务，认为其市场空间大，竞争格局好，将成为公司第二大主业。如中泰证券1月发 研报《业绩高增兑现，AI软件开启第二曲线》：考虑到软件业务的高毛利属性，工业软件的放量有望 大幅增厚利润，加速实现"再造一个主业"的战略愿景。请问AI软件是软硬一体化产品交付，硬件部分是 自己做还是外包代工解决？如果自己做是否会因AI业务快速发展而进行大额资本开支？ ...

Core Viewpoint - The demand for hard alloy CNC tools is continuously increasing, despite their costs only accounting for 1%-4% of the total machining manufacturing costs [1] Group 1: Industry Insights - Hard alloy CNC tools are essential components in machine tools that directly affect the precision, surface roughness, and qualification rate of processed workpieces [1] - Machining enterprises typically conduct extensive testing and validation when selecting tool suppliers, leading to a certain level of supplier stickiness once a qualified supplier is chosen [1] Group 2: Company Strengths - The company has established a stable customer base through years of R&D, production investment, and distributor channel development, which has translated into market advantages [1] - The existing customer resources have become a strong guarantee for the company's continuous performance growth [1]

每经AI快讯，有投资者在投资者互动平台提问：董秘你好，前两天您通过互动易回复：公司的智加AI 软件与机床的数控系统并不冲突，那是不是可以理解为二者是互补关系？另外您说"智加"工业软件是一 台机床配置一套系统，如果是这样的话，这个AI软件的市场空间那就非常大吧？因为中国制造业规模 是全球第一，机床数量非常巨大，是全球最大的机床消费国与保有国，存量机床数量预计大几百万到上 千万台。请问智加AI软件多少钱一套？现在主要做存量机床市场还是新机床销售市场？ 华锐精密（688059.SH）2月11日在投资者互动平台表示，尊敬的投资者您好，感谢您对公司的关注。公 司"智加"工业软件可适配于存量机床和新机床。 （记者 曾健辉） ...

证券日报网2月11日讯 ，华锐精密在接受调研者提问时表示，公司一贯秉承"自主研发、持续创新"的企 业发展战略，专注于硬质合金数控刀具的研发、生产和销售。未来公司将进一步夯实并发挥公司在技术 创新、产品开发方面的优势，加大研发投入和人才队伍建设，以技术推动市场为导向，不断升级迭代产 品并开发新产品。在巩固硬质合金数控刀具市场优势地位的基础上，优先开展基础材料技术的研究，进 军金属陶瓷、陶瓷、超硬材料等新材料领域、同时，通过新品项目的开发，向工具系统、精密复杂组合 刀具领域拓展，进一步丰富公司的产品线，将公司从硬质合金切削刀具制造商打造成为国内领先的整体 切削解决方案供应商。 （文章来源：证券日报） ...

证券日报网2月11日讯 ，华锐精密在接受调研者提问时表示，高端的生产设备是公司先进研发成果和生 产技术得以高效应用的"转化器"，使公司的研发优势和生产优势得以充分发挥，而先进的研发设备是公 司进一步提高技术水平的可靠保障，两者相辅相成。公司通过经营积累和外部融资持续对高端生产和研 发设备进行投入，推动技术和装备的有机融合。目前公司核心工序均引进了世界一流的生产、研发和智 能化辅助设备，高端生产和研发设备搭配严格的质量控制体系和严苛的品质管控措施，使公司在核心技 术产业化、产品质量、生产成本等方面保持竞争优势并为公司的研发活动提供了有力支撑。 （文章来源：证券日报） ...

Core Viewpoint - The company adheres to a "concentrate advantages, breakthrough single product" R&D strategy, continuously increasing R&D investment and attracting high-end talent and advanced equipment, focusing on the core technology and process innovation of hard alloy CNC tools [2] Group 1: R&D Strategy and Talent - The company has built a well-structured R&D team with a balanced mix of experienced and young professionals, totaling 141 R&D personnel, which constitutes 13.53% of the total workforce as of June 30, 2025 [2] - The R&D team covers four major fields: substrate materials, groove structures, precision forming, and surface coating [2] Group 2: R&D Facilities and Patents - The company has established a cutting test laboratory that simulates real application scenarios, equipped with advanced processing and testing equipment, enhancing R&D efficiency by allowing quick and accurate evaluation of cutting performance during new product development [2] - As of June 30, 2025, the company holds 67 authorized patents, including 32 invention patents, showcasing its strong R&D capabilities [2] Group 3: Market Position - The company's core products have achieved advanced levels in processing accuracy, efficiency, and service life, successfully entering the domestic mid-to-high-end market traditionally dominated by European, American, and Japanese tool manufacturers [2]

（文章来源：证券日报） 证券日报网2月11日讯 ，华锐精密在接受调研者提问时表示，公司主要原材料包括碳化钨粉、硬质合金 棒材、钴粉和钽铌固溶体等。公司采购部对主要原材料采购工作实行统一管理，根据生产计划和市场情 况储备合理库存；公司通过向合格供应商询价和比价方式确定采购价格，在对主要原材料的品质、价 格、交货期等进行综合考量后，安排订单采购；货物到厂后需进行入厂检验，检验合格后方可对物料进 行入库。公司与碳化钨粉、硬质合金棒材、钴粉和钽铌固溶体等关键原材料供应商建立了长期、稳定的 合作关系。 ...

证券日报网2月10日讯 ，华锐精密在接受调研者提问时表示，公司自成立以来始终聚焦于数控刀具的研 发生产，已经成为国内知名的硬质合金切削刀具制造商，公司连续多年产量位居国内行业前列。根据中 国钨业协会统计、证明，公司硬质合金数控刀片产量在国内企业中2023年排名第二、2022年排名第三、 2021年排名第三。公司核心产品在加工精度、加工效率和使用寿命等切削性能方面已处于国内先进水 平，进入了由欧美和日韩刀具企业长期占据的国内中高端市场。2017年公司模具铣削刀片荣获"荣格技 术创新奖"，2019年公司锋芒系列硬质合金数控刀片荣获"金锋奖"首届切削刀具创新产品奖，2021年公 司S/CSM390双面经济型方肩铣刀荣获"金锋奖"第二届切削刀具产品创新奖和"荣格技术创新奖"，2023 年公司高硬度加工整体硬质合金立铣刀荣获"金锋奖"第三届切削刀具产品创新奖，G系列高性能钢件车 削刀片获得"荣格技术创新奖"，2024年公司XD系列整体硬质合金深孔钻削刀具获得"荣格技术创新 奖"，2025年公司U系列超级通用整体硬质合金刀具获得"金锋奖"第四届切削刀具产品创新奖"，麒麟系 列高温合金加工用刀具获得"荣格技术创新奖"。公司 ...