Core Viewpoint - The credit rating agency maintains a stable outlook for the company, indicating confidence in its ability to benefit from the recovery of downstream industries and the ongoing trend of domestic substitution in the cutting tool market [2][4][5]. Company Overview - The company specializes in the research, production, and sales of hard alloy CNC tools, with its main products including hard alloy CNC blades and integrated tools [8][14]. - As of April 2025, the company has a registered capital of 62.57 million yuan, with the actual controllers holding 38.49% of the shares [7]. Financial Performance - The company's total assets as of March 2025 are 25.24 billion yuan, with total liabilities at 7.36 billion yuan and equity attributable to shareholders at 13.61 billion yuan [3][6]. - In 2024, the company reported operating income of 7.59 billion yuan, a decrease from 7.94 billion yuan in 2023, with a net profit of 1.07 billion yuan [3][6][14]. - The sales gross margin for the company is 39.46%, down from 45.47% in the previous year [3][14]. Market Environment - The cutting tool industry is experiencing a recovery in demand due to the rebound in core downstream industries and the acceleration of domestic substitution processes [4][10]. - The market size of the cutting tool industry in China is projected to exceed 50 billion yuan in 2024, with a significant decline in the share of imported tools from 37% in 2016 to 21% in 2023 [10][11]. Competitive Landscape - The company faces increasing competition from both domestic manufacturers expanding their capacities and international companies intensifying their market efforts in China [5][17]. - The company ranks second in the production of hard alloy CNC blades among domestic enterprises, indicating a strong competitive position [4][10]. Production and Capacity - The company’s production capacity for hard alloy CNC blades is projected to increase, but the overall capacity utilization is expected to decline due to macroeconomic fluctuations [17][19]. - In 2024, the capacity utilization rate for hard alloy CNC blades is 83.84%, down from 127.78% in 2023, with a total annual capacity of 11.3 million pieces [19]. Raw Material Supply and Costs - The company relies heavily on key raw materials such as tungsten carbide powder, which constitutes about 50% of the cost of hard alloy CNC tools [12][14]. - The first major supplier is closely linked to domestic competitors, raising concerns about potential supply chain risks [5][17]. Future Outlook - The stable credit rating outlook reflects the company's technical advantages and the supportive environment from industry recovery and structural upgrades [4][5]. - The company is expected to continue benefiting from the ongoing trends in the cutting tool market, despite facing challenges from rising raw material costs and increased competition [5][18].

Core Viewpoint - The 2025 Hangzhou International Humanoid Robot and Robotics Technology Exhibition has commenced, showcasing advancements in robotics and attracting significant attention from industry experts and partners [1] Company Highlights - Huari Precision, a well-known manufacturer of hard alloy CNC cutting tools in China, presented its latest robotic tool solutions at the exhibition, marking a significant highlight of the event [1]

Core Points - The company announced the implementation of the 2024 annual profit distribution plan, which includes a cash dividend of 0.60 CNY per share and a capital increase of 0.40 shares for every share held [3][5][10] - The total cash dividend distribution amounts to approximately 37.35 million CNY, and the capital increase will result in a total share capital of 87.16 million shares after the distribution [5][10] - The adjustment of the convertible bond conversion price from 91.31 CNY to 64.79 CNY per share will take effect on June 25, 2025, following the profit distribution [11][15][16] Profit Distribution and Capital Increase - The profit distribution and capital increase plan was approved at the company's annual general meeting on May 22, 2025 [3][4] - The distribution is based on a total share capital of 62,257,132 shares, with a cash dividend of 0.60 CNY per share and a capital increase of 0.40 shares per share [5][10] - The total cash dividend to be distributed is 37,354,279.20 CNY, and the capital increase will add 24,902,852 shares [5][10] Convertible Bond Adjustment - The adjustment of the convertible bond conversion price is based on the profit distribution plan, with the new conversion price set at 64.79 CNY per share [11][15][16] - The conversion price adjustment formula considers the cash dividend and the capital increase ratio [13][15] - The adjustment will be effective from June 25, 2025, after the profit distribution [11][16] Cash Management of Idle Funds - The company plans to use up to 70 million CNY of temporarily idle convertible bond funds for cash management, investing in low-risk, liquid financial products [18][20][22] - The cash management strategy aims to enhance the efficiency of fund utilization without affecting the ongoing projects funded by the convertible bonds [20][26] - The board of directors and the supervisory board have approved this cash management plan, ensuring compliance with relevant regulations [30][31][42]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds in conjunction with the 2024 annual profit distribution and capital reserve increase plan, which includes a cash dividend and a stock bonus distribution [3][4][6]. Group 1: Securities Suspension and Resumption - The company's securities will be suspended and resumed trading due to the implementation of the 2024 annual profit distribution [1]. Group 2: Annual Shareholder Meeting Decisions - The company held its 2024 annual shareholder meeting on May 22, 2025, where it approved a cash dividend of 6 yuan (including tax) for every 10 shares and a capital reserve increase of 4 shares for every 10 shares [3]. Group 3: Adjustment of Conversion Price - The adjustment formula for the conversion price of the convertible bonds is specified, taking into account various scenarios such as stock dividends, capital increases, and cash dividends [4][5]. - The conversion price will be adjusted from 91.31 yuan per share to 64.79 yuan per share, effective from June 25, 2025 [6][8]. - The calculation for the new conversion price is based on the cash dividend of 0.60 yuan per share and a capital increase rate of 0.4 [7][8].

证券代码：688059 证券简称：华锐精密 公告编号：2025-040 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 本公司监事会及全体监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。 株洲华锐精密工具股份有限公司（以下简称"公司"）第三届监事会第十次会 议于 2025 年 6 月 18 日以现场表决与通讯结合的方式召开，会议通知已于 2025 年 6 月 12 日以专人、邮寄及电子邮件等方式发出。本次会议应出席监事 3 人， 实际出席监事 3 人，会议由监事会主席林孝良先生主持。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。 株洲华锐精密工具股份有限公司监事会 一、审议通过了《关于使用部分暂时闲置可转债募集资金进行现金管理的议 案》 公司监事会认为：公司拟使用额度不超过人民币 7,000.00 万元（含本数）的 部分暂时闲置可转债募集资金进行现金管理，内容及审议程序符合《上市公司募 集资金监管规则》《上海证券交易所科创板上 ...

证券代码：688059 证券简称：华锐精密 公告编号：2025-036 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2024年年度权益分 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： ? 公司存在首发战略配售股份，首发战略配售股份已全部上市流通。 ? 是否涉及差异化分红送转：否 ? 每股分配比例，每股转增比例 每股现金红利0.60元 每股转增0.40股 ? 相关日期 新增无限售条件流 股权登记日 除权（息）日 现金红利发放日 通股份上市日 一、通过分配、转增股本方案的股东大会届次和日期 本次利润分配及转增股本方案经公司2025 年 5 月 22 日的2024年年度股东大会 审议通过。 二、分配、转增股本方案 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。 本次利润分配及转增股本以方案实施前的公司总股本62,257,132股为基数，每 股派发现金红利0.60元（含税），以资本 ...

证券停复牌情况：适用 因实施 2024 年年度权益分派，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 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 118009 | 华锐转债 | 可转债转股复牌 | | | 2025/6/24 | 2025/6/25 | 一、转股价格调整依据 | 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-037 | | --- | --- | --- | | 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 2024 年年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： 株洲华锐精密工具股份有限公司（以下简称"公司"）已于 2025 年 5 月 22 日召开了 2024 年年度股东大会，审议通过了《关于 2024 ...

招商证券股份有限公司 二、本次使用部分暂时闲置可转债募集资金进行现金管理的基本情况 关于株洲华锐精密工具股份有限公司使用部分 暂时闲置可转债募集资金进行现金管理的核查意见 （一）投资目的 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为株洲华锐 精密工具股份有限公司（以下简称"华锐精密"或"公司"）向不特定对象公开发行 可转换公司债券的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证 券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引 第 1 号——规范运作（2025 年 5 月修订）》《上市公司监管指引第 2 号——上市 公司募集资金管理和使用的监管要求》《科创板上市公司持续监管办法（试行）》 等有关法律法规和规范性文件的要求，对华锐精密本次拟使用部分暂时闲置可转 债募集资金进行现金管理的情况进行了审慎核查，发表如下意见： 1 一、募集资金基本情况 为提高募集资金使用效率，合理利用部分暂时闲置可转债募集资金，在确保 不影响募集资金项目建设和使用及日常生产经营、募集资金安全的情况下，增加 公司收益，为公司及股东获取更多回报。 经中国证券监督管理委员会《关于同意株洲华锐精 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-038 | | --- | --- | --- | | 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 关于使用部分暂时闲置可转债募集资金进行现金管理的公告 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。 株洲华锐精密工具股份有限公司（以下简称"华锐精密"或"公司"）于 2025 年 6 月 18 日召开第三届董事会第十六次会议、第三届监事会第十次会议，审议 通过了《关于使用部分暂时闲置可转债募集资金进行现金管理的议案》，同意公 司在确保不影响募集资金安全和投资项目资金使用进度安排的前提下，使用最高 余额不超过人民币 7,000.00 万元（含本数）的部分暂时闲置可转债募集资金进行 现金管理，用于购买投资安全性高、满足保本要求、流动性好的投资产品（包括 但不限于结构性存款、通知存款、定期存款、大额存单、收益凭证等）。在上述 额度范围内，资金可以滚动使用，使用期限不超过董事会审议通过之日起 12 个 月。董事会授 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-040 | | --- | --- | --- | | 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 第三届监事会第十次会议决议公告 管理。 具体内容详见同日在上海证券交易所网站（www.sse.com.cn）披露的《关于 使用部分暂时闲置可转债募集资金进行现金管理的公告》（公告编号：2025-038）。 表决结果：3 票同意，0 票反对，0 票弃权。 特此公告。 株洲华锐精密工具股份有限公司（以下简称"公司"）第三届监事会第十次会 议于 2025 年 6 月 18 日以现场表决与通讯结合的方式召开，会议通知已于 2025 年 6 月 12 日以专人、邮寄及电子邮件等方式发出。本次会议应出席监事 3 人， 实际出席监事 3 人，会议由监事会主席林孝良先生主持。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。 会议经过讨论，一致通过以下决议： 一、审议通过了《关于使用部分暂时闲置可转债募集资金进行现金管理的议 ...