证券代码：688059 证券简称：华锐精密 公告编号：2026-021 株洲华锐精密工具股份有限公司 2025 年度业绩快报公告 3.以上增减变动幅度数据如有尾差，系四舍五入所致。 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素 1、经营情况 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。 本公告所载 2025 年度主要财务数据为初步核算数据，尚未经会计师事务所 审计，具体数据以株洲华锐精密工具股份有限公司(以下简称"公司")2025 年年 度报告中披露的数据为准，提请投资者注意投资风险。 一、2025 年度主要财务数据和指标 单位：万元 | 项目 | 本报告期 | 上年同期 | 增减变动幅度（％） | | --- | --- | --- | --- | | 营业总收入 | 101,445.67 | 75,905.73 | 33.65 | | 营业利润 | 21,157.13 | 12,036.83 | 75.77 | | 利润总额 | 21,103.15 | 12,010.24 ...

华锐精密公告称，2025年度营收101,445.67万元，同比增33.65%；营业利润21,157.13万元，同比增 75.77%；利润总额21,103.15万元，同比增75.71%；归属于母公司所有者的净利润18,676.29万元，同比 增74.61%。报告期末，总资产295,508.52万元，较期初增16.85%；归属于母公司所有者权益161,522.11 万元，较期初增21.31%。业绩增长因下游需求回暖、产品提价及费用管控。股本较期初增长50.30%， 因实施权益分派和定增。数据为初步核算，以年报为准。 ...

Core Viewpoint - The A-share market for metal products stocks has shown significant strength, with multiple companies experiencing notable price increases due to rising raw material costs and subsequent price adjustments in their products [1] Group 1: Market Performance - Metal products stocks collectively surged, with notable gainers including: - Falunsheng up by 10.01% - Gangyan Gaona up by 8.09% - Feiwo Technology up by 7.07% - Huarui Precision up by 6.96% - Oke Yi up by 4.95% [2] - Other companies such as Fengxing Co., New Sharp Co., Dongmu Co., Dajin Heavy Industry, and Boyun New Materials also saw increases exceeding 3% [1] Group 2: Price Adjustments - Huarui Precision announced a price increase for its entire range of CNC tool products effective from February 26, citing significant rises in hard alloy raw material prices and supply shortages as the reasons for the adjustment [1] - The company has issued four price adjustment notices in the past three months, indicating ongoing cost pressures [1]

Core Viewpoint - The metal products sector in the A-share market has shown significant strength, with multiple stocks experiencing notable gains due to rising raw material prices impacting downstream companies [1]. Group 1: Stock Performance - Falunsheng (法尔胜) reached a limit-up, increasing by 10.01%, with a total market value of 3.364 billion [2]. - Gangyan Gaona (钢研高纳) rose by 8.09%, with a market capitalization of 18.9 billion [2]. - Feiwo Technology (飞沃科技) increased by 7.07%, with a market value of 14.8 billion [2]. - Huarui Precision (华锐精密) saw a rise of 6.96%, with a market capitalization of 12.3 billion [2]. - Oke Yi (欧科亿) grew by 4.95%, with a total market value of 11 billion [2]. - Other notable increases include Fengxing Co. (凤形股份) at 3.97%, Xinrui Co. (新锐股份) at 3.88%, and Dongmu Co. (东睦股份) at 3.62% [2]. Group 2: Price Adjustments - Huarui Precision announced a price increase for its entire range of CNC tool products effective from February 26, citing significant rises in hard alloy raw material prices and supply shortages as the reasons for the adjustment [1]. - The company has issued four price adjustment notices in the past three months, indicating ongoing cost pressures [1].

Core Viewpoint - The company Huazhou Huari Precision Tools Co., Ltd. has resumed production after the Spring Festival holiday, responding to rising tungsten raw material prices by announcing price adjustments for its products [1][2]. Group 1: Production Resumption and Capacity - The production workshop of Huari Precision started operations on February 21, and full production was achieved by February 24, with all operational activities progressing smoothly [1]. - The company has maximized its overall production capacity, maintaining efficient operations across all production lines [1]. Group 2: Price Adjustment and Market Demand - The recent price adjustment is primarily driven by the continuous rise in tungsten metal prices, which have exceeded 1800 RMB per kilogram, reaching a near-term high [2]. - The company has implemented multiple rounds of price adjustments in recent months to ensure product quality and supply stability [2]. - The company’s Secretary of the Board indicated that the high operating rates in various downstream manufacturing sectors have led to robust market demand, allowing customers to accept the price increases [2]. Group 3: Supply Chain and Strategic Response - The company has developed systematic measures across the entire supply chain, including technology research and development, production control, quality management, and sales services, to address fluctuations in raw material prices and changes in the market environment [1]. - The company aims to enhance production efficiency and control cost fluctuations while continuing to provide high-quality CNC tool products and professional services to its customers [2]. Group 4: Industry Insights and Future Outlook - The recent rise in tungsten prices is attributed to a combination of rigid supply constraints, emerging demand, and the strategic resource nature of tungsten [3]. - The domestic tungsten mining output control and limited new supply from overseas are contributing to strong supply constraints [3]. - The demand for tungsten in high-end manufacturing sectors, such as photovoltaics, new energy vehicles, aerospace, and semiconductors, is expected to continue driving consumption growth [3]. - Huari Precision is recognized as a key player in the domestic CNC tool sector, demonstrating strong operational management and market competitiveness amid raw material price fluctuations [4].

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].

Core Viewpoint - The company is receiving positive attention from various securities firms regarding its AI industrial software business, which is expected to become its second major revenue stream due to its large market potential and favorable competitive landscape [3]. Group 1 - The company has confirmed that the sensors used in its "Zhijia" industrial software are currently sourced externally [1]. - Multiple securities firms, including Zhongtai Securities, have issued research reports expressing optimism about the company's AI industrial software business, highlighting its high gross margin and potential to significantly enhance profits [3]. - The strategic vision of the company includes the goal of "recreating a main business," with the industrial software sector expected to play a crucial role in achieving this objective [3].

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]

Core Viewpoint - The company's "ZhiJia" industrial software is complementary to CNC systems in machine tools, indicating a potential for significant market expansion due to the large scale of China's manufacturing industry and the substantial number of existing machine tools [1] Group 1: Market Potential - The "ZhiJia" industrial software can be adapted for both existing and new machine tools, suggesting a broad market application [1] - China is the largest consumer and holder of machine tools globally, with an estimated stock of several million to over ten million units, highlighting a vast market opportunity for the software [1] Group 2: Product Pricing and Market Focus - Inquiry about the pricing of the "ZhiJia" AI software was made, indicating investor interest in understanding the financial aspects of the product [1] - The company is currently focusing on both the existing machine tool market and new machine tool sales, which may diversify its revenue streams [1]

Core Viewpoint - The company emphasizes that high-end production equipment serves as a "converter" for the efficient application of advanced research and production technologies, enabling the full realization of its R&D and production advantages [2] Group 1: Investment in Equipment - The company continuously invests in high-end production and R&D equipment through operational accumulation and external financing, promoting the organic integration of technology and equipment [2] - Currently, the company has introduced world-class production, R&D, and intelligent auxiliary equipment for its core processes [2] Group 2: Competitive Advantage - The combination of high-end production and R&D equipment, along with a strict quality control system and rigorous quality management measures, allows the company to maintain a competitive edge in core technology industrialization, product quality, and production costs [2] - The investment in advanced equipment provides strong support for the company's R&D activities [2]