Core Viewpoint - Huari Precision reported significant growth in its financial performance for Q3 2025, with substantial increases in both revenue and net profit compared to the same period last year [2] Financial Performance - The company achieved an operating revenue of 252 million yuan in Q3 2025, representing a year-on-year growth of 44.49% [2] - The net profit attributable to the parent company reached 51.9861 million yuan, marking a remarkable increase of 915.62% year-on-year [2] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 51.7413 million yuan, which reflects a year-on-year growth of 1040.88% [2] Reasons for Profit Growth - The primary reasons for the net profit growth include an increase in operating revenue and the conclusion of the equity incentive plan, which eliminated related expenses in the current period [2]

Core Viewpoint - The company adheres to a research and development strategy of "concentrating advantages and breaking through single products," continuously increasing R&D investment and attracting high-end talent and advanced equipment [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 Innovation - The company has established a cutting test laboratory that simulates real application scenarios, equipped with advanced processing and testing equipment such as CNC lathes and wear measurement tools, enhancing R&D efficiency [2] - As of June 30, 2025, the company holds 67 authorized patents, including 32 invention patents, reflecting its strong R&D capabilities [2] Group 3: Market Position and Product Performance - The company's core products have achieved advanced levels in processing accuracy, efficiency, and service life, allowing it to penetrate the domestic mid-to-high-end market traditionally dominated by European, American, and Japanese tool manufacturers [2]

Core Viewpoint - The company anticipates an increase in revenue for the first three quarters of 2025 due to recovering downstream demand, improved product performance, a more complete product range, and steady channel expansion [2] Group 1 - The main reason for the revenue change is the recovery in downstream demand [2] - The company has been enhancing product performance, contributing to revenue growth [2] - The product range is becoming more comprehensive, which supports sales [2] Group 2 - The company is steadily expanding its distribution channels, which aids in increasing sales volume [2] - Year-on-year growth in production and sales volume is expected [2]

Core Viewpoint - A total of 13 A-shares are undergoing equity registration today, with significant dividend distributions announced by several companies [1] Group 1: Dividend Distribution - Huari Precision, Enwei Pharmaceutical, and Mould Technology are offering the highest dividends, with payouts of 6.00 yuan, 3.50 yuan, and 3.27 yuan per 10 shares respectively [1] - Five additional companies have proposed dividend distributions, with Dongmu Co., Fuan Energy, and Anfu Technology planning to distribute 3.0 yuan, 2.5 yuan, and 1.2 yuan per 10 shares respectively [1]

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-001 | | --- | --- | --- | | 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 可转债转股结果暨股份变动公告 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： 累计转股情况：株洲华锐精密工具股份有限公司（以下简称"公司"）向 不特定对象发行的可转换公司债券"华锐转债"自 2022 年 12 月 30 日开始转股， 截至 2025 年 12 月 31 日，"华锐转债"累计转股金额 241,000 元，转股数量 2,623 股，占"华锐转债"转股前公司已发行股份总额的 0.0060%。 本季度转股情况：2025 年 10 月 1 日至 2025 年 12 月 31 日期间，"华锐 转债"转股金额 9,000 元，转股数量 144 股，占"华锐转债"转股前公司已发行 股份总额 0.0003%。 未转股可转债情况：截至 2025 年 12 月 31 日，"华锐转债"尚未转股的可 转 ...

Core Viewpoint - The tungsten price increase has led to higher costs for hard alloy tools, prompting manufacturers to raise prices, with expectations for growth in the industry, particularly in high-end sectors due to domestic substitution opportunities [1][2]. Group 1: Industry Trends - The hard alloy tool industry is experiencing a recovery after a period of consolidation, with increased growth expectations for the coming year, especially in high-end manufacturing sectors such as AI, humanoid robots, and semiconductor equipment [1]. - The demand for tools in emerging industries is rising, driven by technological breakthroughs, which is expected to boost sales of high-value-added products [1][4]. - The precision tool industry has a high user stickiness, with tool costs representing only 1%-4% of manufacturing costs, but their quality significantly impacts processing precision and product quality [4]. Group 2: Price Adjustments and Financial Performance - Tool manufacturers, including Zhongtung High-tech, have implemented multiple price increases in 2025 to address rising raw material costs, with adjustments varying by product type based on cost structure and market conditions [2][3]. - In Q3, leading tool companies reported significant profit increases, with Huari Precision's net profit rising by 915.62% year-on-year, attributed to improved downstream demand and enhanced product performance [3]. - Other companies like Okoyi and Zhongtung High-tech also reported substantial profit growth in Q3, with net profits increasing by 69.31% and 36.53% respectively [3]. Group 3: Future Outlook - The domestic tool industry is expected to move away from previous low performance, showing signs of recovery, particularly in high-end manufacturing sectors [3]. - The demand for tungsten remains strong, with expectations for prices to stay high, allowing companies to effectively transfer costs to downstream customers through price adjustments [5]. - The trend of domestic substitution in the high-end hard alloy tool market is gaining momentum, with emerging industry demand seen as a key opportunity for domestic companies to penetrate the high-end market by 2026 [5].

Core Viewpoint - The company, Zhuzhou Huari Precision Tools Co., Ltd., has announced an adjustment to the conversion price of its convertible bonds due to a cash dividend distribution plan for the first three quarters of 2025, which will take effect on January 8, 2026 [5][9]. Group 1: Dividend Distribution - The company will distribute a cash dividend of 6 yuan (including tax) for every 10 shares held, with the total cash dividend amount adjusted from 56,140,920.60 yuan to 56,141,007.00 yuan due to an increase in the total share capital from 93,568,201 shares to 93,568,345 shares [14][16]. - The cash dividend per share is set at 0.60 yuan, and the distribution will be based on the total share capital as of the record date [19][21]. Group 2: Conversion Price Adjustment - The conversion price for the company's convertible bonds, Huari Convertible Bonds, will be adjusted from 62.49 yuan per share to 61.89 yuan per share, effective from January 8, 2026 [5][9]. - The adjustment formula used for the conversion price is based on the cash dividend distribution, where the new conversion price is calculated as P1 = P0 - D, with P0 being the previous conversion price and D being the cash dividend per share [8][9]. Group 3: Board Meeting and Approval - The company's board of directors held a meeting on December 30, 2025, where they approved the adjustment of the conversion price in conjunction with the dividend distribution plan [3][26]. - The decision was made in accordance with the relevant regulations set forth by the China Securities Regulatory Commission regarding the issuance of convertible bonds [2][26].

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） ...

Group 1 - The company announced a cash dividend of 6 yuan (including tax) per 10 shares for all shareholders before the third quarter of 2025, which remains unchanged [2] - The total cash dividend amount has been adjusted from 56,140,920.60 yuan (including tax) to 56,141,007.00 yuan (including tax) [2]

| 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 ...