Group 1 - The company, Zhuzhou Huarui Precision Cutting Tools Co., Ltd, issued convertible bonds totaling RMB 400 million, with a net amount of RMB 393.43 million after deducting issuance costs [3][14]. - The bonds have a maturity of six years, from June 24, 2022, to June 23, 2028, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [4][11]. - The initial conversion price of the bonds was set at RMB 130.91 per share, which has been adjusted to RMB 91.31 per share as of the report date [7][8]. Group 2 - In 2024, the company reported a revenue of RMB 75.91 million, a decrease of 4.43% compared to the previous year, and a net profit of RMB 10.70 million, down 32.26% year-on-year [15]. - The decline in revenue and profit is attributed to macroeconomic fluctuations, reduced capacity utilization, and a higher proportion of lower-margin products [15]. - The company's total assets increased by 14.41% to RMB 2.53 billion in 2024 compared to 2023 [15]. Group 3 - The funds raised from the bond issuance are allocated for various projects, including the construction of precision CNC tool production lines, with a total investment of RMB 47.14 million [14][16]. - As of December 31, 2024, the company has invested RMB 322.31 million of the raised funds, with some projects experiencing delays due to the complexity of construction and the need for phased investment [17] - The company has also engaged in cash management of temporarily idle funds, investing in safe and liquid financial products [17].

证券代码：688059 证券简称：华锐精密 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 向不特定对象发行可转换公司债券 受托管理事务报告 （2024 年度） 发行人：株洲华锐精密工具股份有限公司 重要声明 依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、《株洲 华锐精密工具股份有限公司（债券发行人）与招商证券股份有限公司（债券受托 管理人）关于招商证券股份有限公司可转换公司债券受托管理协议》（以下简称 "《受托管理协议》"）、《株洲华锐精密工具股份有限公司向不特定对象发行 可转换公司债券募集说明书》（以下简称"《募集说明书》"）、《株洲华锐精 密工具股份有限公司 2024 年年度报告》等相关公开信息披露文件、第三方中介 机构出具的专业意见以及发行人出具的相关说明和提供的相关资料等，本次债券 受托管理人招商证券股份有限公司（以下简称"招商证券"）编制本报告。招商 证券对本报告中所包含的从上述文件中引述内容和信息未进行独立验证，也不就 该等引述内容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 ...

Core Viewpoint - The company announces the adjustment of the conversion price for its convertible bonds due to the implementation of the 2024 annual profit distribution and capital reserve increase, resulting in a new conversion price of 64.79 CNY per share from the previous 91.31 CNY per share [1][2][3]. Summary of Key Points 1. Securities Suspension and Resumption - The company's convertible bonds will be suspended from conversion from June 18, 2025, until the registration date for the rights distribution, with resumption on the first trading day after the registration date [1][2]. 2. Annual Profit Distribution Plan - The company plans to distribute a cash dividend of 6 CNY (including tax) for every 10 shares and increase capital reserves by converting them into shares at a ratio of 0.4 for every 10 shares held [1][2]. 3. Adjustment of Conversion Price - The conversion price for the convertible bonds will be adjusted according to the formula: P1 = (P0 - D) / (1 + n), where P0 is the previous conversion price of 91.31 CNY, D is the cash dividend of 0.60 CNY per share, and n is the capital increase ratio of 0.4, resulting in a new conversion price of 64.79 CNY per share [2][3]. 4. Announcement and Contact Information - The company will publish the implementation announcement and the adjustment of the conversion price on June 19, 2025, and investors can refer to the company's bond issuance prospectus for more details [2][4].

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-032 | | --- | --- | --- | | 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 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 118009 | 华锐转债 | 可转债转股停牌 | 2025/6/18 | | | | 因实施权益分派，"华锐转债"将相应调整转股价格，从调整前的 91.31 元/ 股调整为 64.79 元/股，转股价格调整实施日期为权益分派股权登记日后的第一个 交易日。 一、2024 年年度权益分派方案的基本情况 株洲华锐精密工具股份有限公司（以下简称"公司"）2024 年年度利润分配及 资本公积金转增股本方案为：以实施权益分派股权登记日的总股本为基数，向全 体股东每 10 股派发现金红利 6 元（含税），以资本公积金向全体股东每 10 股转增 4 股。上述权益分派方案已经于 2025 年 5 月 22 日召开的 ...

Core Points - The company announced that due to the implementation of the 2024 annual equity distribution, the convertible bonds will stop conversion from June 18, 2025, until the equity distribution registration date [1] - The equity distribution plan includes a cash dividend of 6 yuan (after tax) for every 10 shares and a capital reserve increase of 4 shares for every 10 shares [1] - The adjusted conversion price for the convertible bonds will be 64.79 yuan per share, effective from the first trading day after the equity distribution registration date [1] - Holders of convertible bonds wishing to enjoy the equity distribution must convert their bonds before June 17, 2025 [1]

Summary of Huari Precision's Conference Call Company Overview - **Company**: Huari Precision - **Industry**: Manufacturing, specifically focusing on precision tools for various sectors including military, aerospace, engineering machinery, and wind power Key Points and Arguments Demand and Growth - **2025 Downstream Demand**: Predominantly from military, aerospace, engineering machinery, wind power, and new sectors like audit outsourcing, though overall growth may slow due to high base effects from 2024 [2][3] - **Order Trends**: Orders have slightly increased in May, with the second quarter being a peak season for the industry [3][4] Pricing and Cost Management - **Price Increase**: Starting June 1, prices were raised by 5%-8% to cover rising raw material costs, with the effectiveness of this measure to be assessed by the end of the month [2][4][7] - **Impact on Gross Margin**: Raw material price increases are expected to affect gross margin by approximately 4-5 percentage points, with current price adjustments aimed at offsetting these costs [7] Production Capacity and Inventory - **Utilization Rates**: Blade capacity utilization is around 90%, with overall tool utilization between 80%-90% following promotions [2][6] - **Inventory Levels**: Blade inventory is approximately two months, while overall tool inventory is about five months [6] Product Development and Market Position - **Robotic Tooling Progress**: Small batch orders have been received for robotic tools, with ongoing development of new materials for specific applications [2][8] - **Competitive Pricing**: Huari's products are priced at 50%-70% of foreign competitors, with superior efficiency and performance, indicating significant domestic substitution potential [2][9] Sales and Market Expansion - **Export Growth**: Anticipated export growth of over 50% in 2025, targeting $10 million to $12 million, with key markets including South Korea, Turkey, India, and Vietnam [4][17] - **New Market Entry**: Expansion into the German market with a new subsidiary to enhance local service capabilities [4][19] Financial Performance and Projections - **Revenue Goals**: The company aims for a revenue growth of over 20% in 2025, with blade business projected to generate $700 million to $800 million [32] - **整包业务 (Integrated Package Business)**: Expected revenue growth from integrated package services, with military sales projected to increase significantly [11][23] Industry Insights - **Military Sector Entry**: No specific qualifications are needed for military contracts, focusing instead on overall company strength and technical capabilities [24] - **Self-Supply Ratio**: Varies by industry, with higher ratios in aerospace, engineering machinery, and automotive sectors [25][27] Challenges and Strategic Focus - **3C Industry Competition**: The 3C sector presents challenges due to high competition and cost pressures, leading to a strategic reduction in focus on this area [28] - **Future Strategy**: Continued emphasis on core markets (general machinery, automotive, and molds) while exploring growth in emerging sectors like humanoid robotics and aerospace [33] Additional Important Information - **Depreciation and Costs**: Depreciation expenses have increased by over $20 million compared to the previous year, while other costs remain stable [13] - **Payment Collection Improvement**: Collection rates improved in Q2 compared to Q1, with typical payment cycles ranging from 3 to 6 months [21] This summary encapsulates the key insights from Huari Precision's conference call, highlighting the company's strategic direction, market dynamics, and financial outlook.

Core Viewpoint - The company has completed the registration changes regarding its capital and business scope, and has updated its articles of association, as approved in recent board meetings and the annual shareholders' meeting [1]. Group 1: Company Information - The company is officially named Zhuzhou Huarui Precision Tools Co., Ltd. with a unified social credit code of 91430200799104619D [1]. - The registered capital is 62,257,112 CNY (approximately 6.2 million CNY) [1]. - The company is classified as a joint-stock company (listed, with natural person investment or control) [1]. - The company was established on March 7, 2007, and is represented legally by Xiao Xukai [1]. - The company's address is 68 Chuangye 2nd Road, Lushong District, Zhuzhou City [1]. Group 2: Business Scope - The company's business scope includes research and development of new materials technology, manufacturing and sales of metal products and tools, sales of non-metallic minerals and products, general equipment manufacturing (excluding special equipment), machinery sales and leasing, and metal cutting processing services [1]. - The company is also involved in technology services, development, consulting, exchange, transfer, and promotion, operating independently within the scope of its business license [1].

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-031 | | --- | --- | --- | | 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 关于完成工商变更登记并换发营业执照的公告 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"公司"）于 2025 年 4 月 28 日 召开第三届董事会第十五次会议、2025 年 5 月 22 日召开 2024 年年度股东大会， 分别审议通过了《关于变更注册资本、经营范围、修订<公司章程>并办理工商变 更登记的议案》。具体内容详见公司于 2025 年 4 月 29 日披露于上海证券交易所 网站（www.sse.com.cn）的《关于变更注册资本、经营范围、修订<公司章程>并 办理工商变更登记的公告》（公告编号：2025-025）。 公司于近日完成了上述事项的工商变更登记及《公司章程》的备案手续，并 取得了株洲市市场监督管理局换发的《营业执照》，变更后的具体登记事项如下： ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-030 | | --- | --- | --- | | 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。 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 | 1、出席会议的股东和代理人人数 | 41 | | --- | --- | | 普通股股东人数 | 41 | | 2、出席会议的股东所持有的表决权数量 | 30,946,892 | | 普通股股东所持有表决权数量 | 30,946,892 | | 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（%） | 49.7082 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 49.7082 | （一）股东大会召开的时间：2025 年 5 月 22 日 （二）股东大会召开的地点：株洲市芦淞区创业二路 68 号，株洲华锐精密工具 股份有限公司三 ...

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 2024年年度股东大会的 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 2024 年年度股东大会 （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》"）、《上市公司股东会规则》 （以下简称"《股东会规则》"）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漏，并承担相应 ...