Group 1 - Huari Precision is focusing on the development of cutting tools for humanoid robot key components, having provided sample products to Yushu Technology, although it has not yet become a supplier [1] - Tonghe Technology's charging module supports 1000V high-speed charging and is currently not collaborating with BYD, focusing on three main business areas: new energy vehicles, smart grids, and aerospace [1] - Huazheng New Materials states that its high-speed materials in copper-clad laminate products can be applied in data center servers and switches [1] - Zhongneng Electric's subsidiary has developed mobile shared charging robots X60 and other products, focusing on the application of robot technology in new energy charging scenarios [1]

Group 1 - The company is actively expanding its customer base in the field of humanoid robot key component processing tools, with Yushu Technology being one of the clients [1] - The company has developed some products that can be used for robot component processing as part of its strategic focus [1] - The company has provided sample cutting tools to Yushu Technology, although it has not yet become an official supplier [1] Group 2 - The company emphasizes that the final testing results of the sample products provided to Yushu Technology carry a certain level of uncertainty risk [1] - Investors are reminded to approach investments with caution and rationality [1]

Investment Rating - The report does not explicitly state an investment rating for the industry or the specific company being analyzed [1]. Core Insights - The company reported a decline in key financial metrics for the year 2024, with total revenue of 759.12 million yuan, a decrease of 4.42% year-on-year. Operating profit fell by 33.20% to 121.06 million yuan, and net profit attributable to shareholders decreased by 32.00% to 107.37 million yuan [18]. - The decline in performance is attributed to macroeconomic fluctuations and reduced capacity utilization leading to lower gross margins [18]. - The company maintains a stable pricing strategy based on production costs, product performance, competitor pricing, market conditions, and customer procurement scale [18]. - The research and development model is comprehensive, involving various departments to ensure collaboration and innovation in product development [19]. - The company has invested in high-end production and research equipment, which supports its competitive advantage in technology and product quality [20]. - The company has established a nationwide distribution network, leveraging local distributors to enhance market reach and product recognition [20]. - The company sees significant opportunities in the robotics market, with plans to develop cutting tools for this sector [21]. - The company aims to enhance its technical capabilities to match or exceed the levels of Japanese and Korean competitors in the cutting tool industry [22]. - The domestic cutting tool market is expected to grow, driven by increased consumption and the shift towards high-end products [22]. - Future trends in the cutting tool industry include higher demands for materials and structures that meet modern machining requirements [23]. Summary by Sections 1. Basic Research Situation - The company being researched is 华锐精密, operating in the general equipment industry, with a meeting held on March 13, 2025 [13]. 2. Detailed Research Institutions - Participating institutions include Guotai Junan Securities, Dongwu Securities, and others [14]. 3. Research Institution Proportion - The report does not provide specific data on the proportion of research institutions involved [16]. 4. Main Content Information - The company reported a significant decline in financial performance for 2024, with various metrics showing year-on-year decreases [18]. - Key factors affecting performance include macroeconomic conditions and operational efficiency [18]. - The company has a robust R&D strategy and is focused on enhancing its technological capabilities [19][22]. - The distribution strategy is designed to maximize market penetration and customer engagement [20].

公司目前已开始针对该领域部分零部件加工的刀具产品进行研发，未来亦将作为公司研发和市场布局的 重点方向之一进行推进。 人民财讯3月12日电，华锐精密(688059)3月11日在机构调研时表示，机器人技术发展速度较快，未来市 场空间较大，伴随机器人市场的发展，该领域对于刀具产品的需求也将逐步扩大。 ...

招商证券股份有限公司 关于株洲华锐精密工具股份有限公司延长 2024 年度向特定 对象发行 A 股股票事宜相关决议有效期及授权有效期的核 查意见 招商证券股份有限公司（以下简称"招商证券"、"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""发行人"或"公司"）向特定 对象发行股票并在科创板上市（以下简称"本次发行"）的保荐机构，根据《监 管规则适用指引——发行类第 6 号》的相关规定，就华锐精密延长 2024 年度向 特定对象发行 A 股股票事宜相关决议有效期及授权有效期事项进行了专项核查， 现将核查意见说明如下： 一、本次发行的审议程序 2024 年 2 月 23 日，发行人第二届董事会第三十二次会议及第二届监事会第 二十四次会议审议通过了《关于公司 2024 年度向特定对象发行 A 股股票方案的 议案》《关于提请公司股东大会授权公司董事会办理本次向特定对象发行股票事 宜的议案》等与本次发行有关的议案。 2024 年 3 月 15 日，发行人 2024 年第二次临时股东大会审议通过了《关于 公司 2024 年度向特定对象发行 A 股股票方案的议案》《关于提请公司股东大会 授权公司董事会 ...

湖南启元律师事务所 关于株洲华锐精密工具股份有限公司 2025年第二次临时股东大会的 法律意见书 致：株洲华锐精密工具股份有限公司 湖南启元律师事务所（以下简称"本所"）接受株洲华锐精密工具股份有限 公司（以下简称"公司"）的委托，指派本律师出席了公司 2025 年第二次临时股 东大会（以下简称"本次股东大会"），对本次股东大会的召集和召开程序、出 席会议人员及召集人的资格、表决程序和表决结果的合法有效性进行现场律师见 证，并发表本法律意见。 本律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）等我国现行法律、法规、规范性文件以及《株 洲华锐精密工具股份有限公司章程》（以下简称"《公司章程》"）的有关规定 出具本法律意见书。 本律师声明如下： （一）本律师根据本法律意见书出具日以前已经发生或者存在的事实，严格 履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， 不存在虚假记载、误导性陈述或者重大遗 ...

重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 | 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-017 | | --- | --- | --- | | 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 2025 年第二次临时股东大会决议公告 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。 （一） 股东大会召开的时间：2025 年 3 月 7 日 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 63 | | --- | --- | | 普通股股东人数 | 63 | | 2、出席会议的股东所持有的表决权数量 | 5,380,882 | | 普通股股东所持有表决权数量 | 5,380,882 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 14.9401 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 14. ...

湖南启元律师事务所 本所根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券 发行注册管理办法》《监管规则适用指引——发行类第6号》《律师事务所从事证券法 律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等法律、法规和 规范性文件的有关规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精 神，现出具法律意见如下： 一、本次发行的批准与授权 关于株洲华锐精密工具股份有限公司 延长向特定对象发行股票的 股东大会决议有效期及相关授权有效期的 法律意见书 二〇二五年三月 湖南省长沙市芙蓉区建湘路 393 号世茂环球金融中心 63 层 电话：0731-82953778 传真：0731-82953779 邮编：410000 网站：www.qiyuan.com 致：株洲华锐精密工具股份有限公司 湖南启元律师事务所（以下简称"本所"）接受株洲华锐精密工具股份有限公司 （以下简称"发行人"或"公司"）的委托，担任发行人向特定对象发行股票（以下 简称"本次发行"）项目的专项法律顾问，现就发行人延长本次发行股东大会决议有 效期及相关授权有效期事宜出具本法律意见书。 三、结论意见 1、2024 年 2 月 ...

Summary of Huari Precision's Conference Call Company Overview - **Company**: Huari Precision - **Year**: 2024 - **Industry**: Precision Tool Manufacturing Key Financial Metrics - **Revenue**: 759 million yuan, a decrease of 4.42% year-on-year [3] - **Net Profit**: 107 million yuan, a decrease of 32% year-on-year [3] - **Net Profit Margin**: 14%, down from 19% year-on-year, a decrease of 5.74 percentage points [4] - **Comprehensive Gross Margin**: 39.47%, down from 45.47% year-on-year [4] - **Main Business Gross Margin**: 39.07%, down 6.13 percentage points year-on-year [4] Product Performance CNC Blades - **Sales Revenue**: 645 million yuan, down 10% year-on-year [4] - **Sales Volume**: 92 million pieces, down 10% year-on-year [4] - **Average Selling Price**: Stable at approximately 7.01 yuan/piece [6] - **Fourth Quarter Revenue**: 151 million yuan, down 21% year-on-year due to underutilization of capacity [6] Overall Tools - **Sales Revenue**: Over 94 million yuan, an increase of 48.5% year-on-year [4] - **Sales Volume**: 1.75 million pieces, with a gross margin of 0.46% [7] - **Key Markets**: 3C aerospace sector generated nearly 30 million yuan, military series 15 million yuan [7] Export Performance - **Export Revenue**: 49.9 million yuan, with actual exports plus domestic sales reaching 71 million yuan, a growth of 51% year-on-year [8] - **Key Markets**: Significant growth in South Korea, India, Turkey, Malaysia, Vietnam, and Germany [8] Future Projections - **2025 Revenue Target for Overall Tools**: Expected to exceed 200 million yuan [9] - **Export Target for 2025**: Between 120 million to 150 million yuan, with growth concentrated in Germany and the EU [11] Cost and Expense Management - **Total Period Expenses**: 155 million yuan, down from 168 million yuan year-on-year [5] - **Financial Expense Rate**: 4.96%, an increase of 1.37 percentage points year-on-year [5] - **R&D Expense Rate**: 6.69%, down 0.98 percentage points year-on-year [5] Market Trends and Product Development - **U Series Products**: Expected to account for over half of total sales, primarily sold through distributor channels [4][26] - **Direct Sales Growth**: Expected to increase from 20% to 30% of total sales [14] - **New Product Development**: Focus on high-value projects and new product series to enhance gross margins [13] Inventory and Production Capacity - **Inventory Levels**: Approximately two months for both company and distributor inventories [42] - **Production Capacity Utilization**: Expected to improve significantly in 2025, with a focus on the second and third quarters [10] Raw Material Price Outlook - **Tungsten Carbide Prices**: Stable with no significant fluctuations expected [28] - **Cobalt Powder Prices**: Currently low with potential for increase, but minimal impact on overall costs [28] Conclusion - Huari Precision is facing challenges in revenue and profit margins due to decreased sales in CNC blades and underutilization of capacity. However, the company is optimistic about growth in overall tools and exports, with strategic plans for product development and market expansion in 2025.

Financial Performance - In 2024, the company achieved total operating revenue of 759.12 million yuan, a decrease of 4.42% compared to the previous year[5] - Operating profit for the year was 121.06 million yuan, down 33.20% year-over-year[5] - The total profit amounted to 120.80 million yuan, reflecting a decline of 33.86% from the prior year[5] - Net profit attributable to shareholders of the parent company was 107.37 million yuan, a decrease of 32.00% compared to last year[5] - Basic earnings per share decreased to 1.74 yuan, down 32.03% year-over-year[5] - The decline in operating performance was primarily due to macroeconomic fluctuations and insufficient capacity utilization, leading to a decrease in gross margin[10] Assets and Equity - The company's total assets at the end of the reporting period were 2,535.39 million yuan, an increase of 14.70% from the beginning of the period[9] - Shareholders' equity attributable to the parent company rose to 1,331.91 million yuan, up 6.01% from the start of the year[9] - The net asset per share attributable to shareholders of the parent company increased to 21.39 yuan, a rise of 5.32% from the beginning of the period[9] Cautionary Notes - The company warns that the financial data presented are preliminary and unaudited, urging investors to be aware of investment risks[12]