Financial Performance - The company's revenue for the third quarter reached ¥251,558,562.01, representing a year-on-year increase of 44.49%[2] - The total profit for the quarter was ¥60,639,241.13, showing a significant increase of 1,053.89% compared to the same period last year[2] - Net profit attributable to shareholders was ¥51,986,090.19, reflecting a year-on-year growth of 915.62%[2] - The net profit after deducting non-recurring gains and losses was ¥51,741,319.40, up 1,040.88% year-on-year[2] - Basic earnings per share for the quarter were ¥0.60, an increase of 908.97% year-on-year[2] - The weighted average return on equity was 3.70%, an increase of 3.30 percentage points compared to the previous year[2] - Total operating revenue for the first three quarters of 2025 reached ¥770,666,151.58, a 31.9% increase from ¥584,515,170.55 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was ¥137,445,757.34, representing a 78.5% increase compared to ¥77,056,396.02 in the previous year[20] - Basic and diluted earnings per share for the period were both ¥1.58, compared to ¥0.89 in the same period last year[20] - The total profit for the first three quarters of 2025 was ¥156,948,722.50, significantly higher than ¥86,476,470.39 in the same period of 2024[28] Assets and Liabilities - The company's total assets increased to ¥2,752,055,104.28, marking an 8.82% rise from the end of the previous year[3] - Total liabilities increased to ¥1,320,335,698.88, up from ¥1,197,469,806.17, reflecting a growth of 10.3%[16] - Total equity attributable to shareholders rose to ¥1,431,719,405.40, an increase of 7.5% from ¥1,331,495,508.31[16] - Total current assets as of September 30, 2025, amounted to CNY 1.43 billion, up from CNY 1.13 billion at the end of 2024, reflecting a growth of 26.5%[25] - Total assets reached ¥2,752,055,104.28, up from ¥2,528,965,314.48, marking an increase of about 9%[14] - Total liabilities as of September 30, 2025, were CNY 1.32 billion, an increase from CNY 1.19 billion at the end of 2024, indicating a growth of 10.8%[26] Cash Flow - The company reported a net cash flow from operating activities of ¥184,660,910.33 for the year-to-date period, reflecting a significant increase of 3,768.70%[2] - Operating cash inflow for the first three quarters of 2025 reached CNY 438.69 million, a 28.6% increase from CNY 341.26 million in the same period of 2024[21] - Net cash flow from operating activities for the first three quarters of 2025 was CNY 184.66 million, compared to only CNY 4.77 million in the first three quarters of 2024[22] - The company reported a net cash outflow from investing activities of CNY 49.65 million in the first three quarters of 2025, an improvement from a net outflow of CNY 186.45 million in the same period of 2024[22] - The company reported a net cash outflow from investing activities of ¥51,310,134.22 in the first three quarters of 2025, an improvement from a net outflow of ¥186,225,520.07 in the same period of 2024[31] Research and Development - Research and development expenses totaled ¥12,327,499.82, a decrease of 20.56% compared to the same period last year, accounting for 4.90% of revenue[3] - Research and development expenses for the first three quarters were ¥36,556,674.62, down 20.7% from ¥46,109,880.76 in the previous year[18] - Research and development expenses decreased to ¥36,556,674.62 in the first three quarters of 2025, down from ¥46,109,880.76 in the same period of 2024, reflecting a strategic focus on cost management[28] Shareholder Information - The company reported a total of 5,663 common shareholders at the end of the reporting period[9] - The top shareholder, Zhuzhou Xinkeda Investment Management Co., Ltd., holds 12.69% of shares, totaling 11,060,280 shares[9] - The company has no significant changes in the participation of major shareholders in margin financing and securities lending activities[10] Operational Insights - The increase in revenue and profit was attributed to improved downstream demand and enhanced product performance, along with a more comprehensive product range and steady channel expansion[7] - There are no other significant reminders regarding the company's operational situation during the reporting period[11] - The company plans to expand its market presence and invest in new product development to drive future growth[22]

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-062 | | --- | --- | --- | | 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 关于召开2025 年第三季度业绩说明会的公告 投资者可于 2025 年 11 月 20 日（星期四）至 2025 年 11 月 26 日（星期 三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司投资 者关系邮箱 zqb@huareal.com.cn 进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 株洲华锐精密工具股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 27 日下午 15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络文字互动形式召开，公司将针对 2025 年第三季度 的经营成果及财务指标的具体情况与投资者 ...

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。 | 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-061 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 一、2025 年前三季度计提减值准备情况概述 株洲华锐精密工具股份有限公司 关于2025 年前三季度计提减值准备的公告 四、其他说明 公司以预期信用损失为基础，对应收票据、应收账款、其他应收款等进行了 分析和评估并相应计提减值准备。经测试，2025 年前三季度公司合计计提信用 减值损失 237.45 万元。 （二）资产减值损失 公司对存货采用成本与可变现净值孰低计量，按照存货成本高于可变现净值 的差额计提存货跌价准备。公司直接用于出售的存货，在正常生产经营过程中以 该存货的估计售价减去估计的销售费用和相关税费后的金额确定其可变现净值。 经测试，2025 年前三季度公司合计计提存货跌价损失 2,500.63 万元。 三、本次计提减值准备对公司的影响 公司 2025 年前三季度计提的各项资产减值 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-060 | | --- | --- | --- | | 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 第三届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 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次 会议于2025年10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 10 月 23 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》（以下简称"《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《关于公司 2025 年第三季度报告的议案》 经审核，董事会认为：公司 2025 年第三季度报告的编制和审议 ...

Core Viewpoint - Huari Precision reported significant growth in both revenue and net profit for the third quarter of 2025, indicating strong operational performance and financial health [1] Financial Performance - In Q3 2025, the company achieved revenue of 252 million yuan, representing a year-on-year increase of 44.49% [1] - The net profit attributable to shareholders reached 51.9861 million yuan, showing a remarkable year-on-year growth of 915.62% [1] - Basic earnings per share for Q3 2025 were 0.6 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the company reported total revenue of 771 million yuan, which is a year-on-year increase of 31.85% [1] - The net profit attributable to shareholders for the same period was 137 million yuan, reflecting a year-on-year growth of 78.37% [1] - Basic earnings per share for the first three quarters were 1.58 yuan [1]

Group 1 - The core viewpoint of the news is that the industrial mother machine concept stocks in the A-share market experienced a collective rise, indicating strong market interest and potential growth in this sector [1] Group 2 - Major stocks that saw significant increases include: - Juneng Co., Ltd. (巨能股份) with a rise of 13.87%, total market value of 2.53 billion, and a year-to-date increase of 25.64% [2] - Sijin Intelligent (思进智能) increased by 10.01%, total market value of 4.24 billion, and a year-to-date increase of 28.98% [2] - Huadong CNC (华东数控) also rose by 10.01%, total market value of 3.89 billion, with a year-to-date increase of 62.26% [2] - Yuhuan CNC (宇环数控) saw a rise of 9.99%, total market value of 3.69 billion, and a year-to-date increase of 46.31% [2] - World (沃尔德) increased by 9.18%, total market value of 7.41 billion, with a remarkable year-to-date increase of 124.76% [2] - Other notable stocks include: - Jike Co., Ltd. (机科股份) with a rise of 5.88%, total market value of 3.59 billion, and a year-to-date increase of 49.40% [2] - Haizhi Electromechanical (昊志机电) increased by 5.39%, total market value of 9.70 billion, and a year-to-date increase of 66.70% [2] - Zhongtung High-tech (中钨高新) rose by 4.32%, total market value of 58.9 billion, with a year-to-date increase of 184.23% [2] - The MACD golden cross signal formation indicates a positive trend for these stocks [1]

Group 1 - The core viewpoint of the news is that Huarui Precision has seen a significant stock price increase, rising 5% on October 29, with a total market value of 7.757 billion yuan and a cumulative increase of 12.38% over four consecutive days [1] - Huarui Precision specializes in the research, production, and sales of hard alloy CNC blades, with its main business revenue composition being: turning blades 63.32%, milling blades 20.80%, integral tools 10.41%, others 3.02%, and drilling blades 2.44% [1] - The stock has a trading volume of 1.68 billion yuan and a turnover rate of 2.23% as of the report [1] Group 2 - Huarui Precision is a significant holding in the Huatai-PB Fund, with the fund holding 130,300 shares, representing 0.46% of its net value, ranking as the ninth largest holding [2] - The fund has generated a floating profit of approximately 552,300 yuan today and a total of 1,216,600 yuan during the four-day increase [2] - The fund, Zhongzheng 2000, was established on September 6, 2023, with a latest scale of 2.168 billion yuan and has achieved a year-to-date return of 30.48% [2]

Core Points - The Shanghai Composite Index closed at 3991.35 points, above the five-day moving average, with an increase of 1.04% [1] - The total trading volume of A-shares reached 1,576.01 billion yuan [1] - A total of 722 A-shares have prices that surpassed the five-day moving average, indicating a positive market trend [1] Summary by Category Stock Performance - Notable stocks with significant deviations from the five-day moving average include Longzhu Technology (15.40%), Yongfu Co., Ltd. (14.16%), and Pioneer New Materials (13.24%) [1] - Longzhu Technology saw a daily increase of 20.22%, with a turnover rate of 12.58% [1] - Yongfu Co., Ltd. increased by 19.98%, with a turnover rate of 9.37% [1] - Pioneer New Materials rose by 18.01%, with a turnover rate of 27.91% [1] Market Trends - Stocks with smaller deviations from the five-day moving average include Aibulu, Xinhua Medical, and Yunnan Baiyao, which have just crossed the five-day moving average [1] - The overall market sentiment appears to be bullish, as indicated by the number of stocks surpassing their five-day moving averages [1] Trading Data - The trading data for stocks that broke the five-day moving average includes various metrics such as daily price changes, turnover rates, and the latest prices compared to the five-day moving average [1][2] - The table provided lists multiple stocks with their respective performance metrics, highlighting the active trading environment [2]

Core Insights - The ceramic cutting tools market in China is expected to reach a scale of 5.591 billion yuan in 2024, with a year-on-year growth of 10.71% [1][8] - The demand for ceramic cutting tools is driven by the automotive, aerospace, and electronic information industries, which require high processing efficiency and product quality [1][7] - The development of ceramic cutting tools is supported by various government policies aimed at enhancing the manufacturing sector [4][5] Overview - Cutting tools are essential for various machining operations and can be categorized into different types, including ceramic tools, high-speed steel tools, and hard alloy tools [2] - Ceramic cutting tools are known for their high hardness, wear resistance, and thermal stability, making them suitable for machining a variety of materials [2][8] Market Policies - The Chinese government has implemented several policies to support the development of the cutting tool industry, including guidelines for enhancing manufacturing reliability and promoting major technological equipment [4][5] Industry Chain - The upstream of the ceramic cutting tool industry includes suppliers of raw materials such as alumina, silicon nitride, and zirconia, while the midstream involves the manufacturing of ceramic tools [5][6] - The downstream applications encompass various industrial sectors, including automotive manufacturing and aerospace [5][6] Current Development - Ceramic cutting tools can efficiently process high-hardness materials and achieve cutting speeds 2 to 10 times higher than hard alloy tools, significantly improving production efficiency [1][8] - The increasing demand for high-performance ceramic tools is driven by advancements in downstream industries [1][8] Competitive Landscape - The ceramic cutting tool market in China features numerous participants, including both international brands like Kyocera and Sandvik, and local companies that have made significant technological advancements [10][11] - Local enterprises are gradually enhancing their competitiveness and product performance, aiming to replace imported products [10][11] Future Trends - The development and application of new materials such as silicon nitride and silicon carbide are expected to enhance the performance of ceramic cutting tools [12] - The industry will increasingly focus on green and sustainable practices, including the use of eco-friendly materials and processes [12]

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The company actively seized the opportunities of manufacturing recovery and industrial chain reconstruction in H1 2025, achieving a year - on - year increase of 26.48% in operating income to 519.1076 million yuan, a year - on - year increase of 18.80% in net profit attributable to the parent company to 85.4597 million yuan, and a year - on - year increase of 18.32% in net profit attributable to the parent company after deducting non - recurring gains and losses to 83.8351 million yuan [24]. - The company will adhere to the development strategy of "independent R & D, continuous innovation", further strengthen its advantages in technology and product development, and develop new products. It will expand into new material fields and tool system fields to become a leading domestic overall cutting solution provider [24][25]. - The company is a well - known domestic carbide cutting tool manufacturer with its carbide CNC blade production ranking among the top in the domestic industry for many years. Its core products have entered the domestic mid - to - high - end market and have won many awards [26]. 3. Summary by Relevant Catalogs 3.1. Research Basic Situation - Research object: Huarui Precision [17]. - Industry: General equipment [17]. - Reception time: October 21, 2025 [17]. - Listed company reception personnel: Board secretary and CFO Duan Yanlan, securities affairs representative Yao Tianzong [17]. 3.2. Detailed Research Institutions - Guangdong Cheese Investment Fund Co., Ltd. (investment company) [18]. - Guolian (fund management company) [18]. - Huafu Securities (securities company) [18]. 3.3. Research Institution Proportion - No information provided 3.4. Main Content Data - **2025 H1 Performance**: Operating income was 519.1076 million yuan, up 26.48% year - on - year; net profit attributable to the parent company was 85.4597 million yuan, up 18.80% year - on - year; net profit attributable to the parent company after deducting non - recurring gains and losses was 83.8351 million yuan, up 18.32% year - on - year [24]. - **2025 H1 Sales Expenses**: 18.2125 million yuan, a year - on - year decrease of 1.98% mainly due to the decrease in share - based payment expenses [24]. - **2025 H1 Management Expenses**: 16.5805 million yuan, a year - on - year decrease of 8.77% mainly due to the decrease in share - based payment expenses [24]. - **Future Development Trend**: The company will strengthen R & D and talent building, expand into new material fields such as cermet, ceramic, and super - hard materials, and tool system fields to become a leading overall cutting solution provider [24][25]. - **Industry Status**: A well - known domestic carbide cutting tool manufacturer with its carbide CNC blade production ranking among the top in the domestic industry for many years. Its core products have entered the mid - to - high - end market and won many awards [26].