株洲华锐精密工具股份有限公司 信息披露管理办法 第一章 总 则 第一条 为了提高株洲华锐精密工具股份有限公司（以下简称"公司"）信 息披露管理水平和信息披露质量，确保信息披露的真实、准确、完整、及时，保 护公司、股东、债权人及其他利益相关者的合法权益，规范公司信息披露行为， 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》"）、《上市公司信息披露管理办法》《上 海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）等法律法规 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》"），制 定本管理制度（以下简称"本制度"）。 第二条 本制度所称"信息"是指所有能对公司股票及其衍生品种交易价格 产生重大影响的信息以及证券监管部门要求披露的信息；本制度所称"披露"是 指在规定的时间内、用规定的方式向社会公众公布前述的消息，并送达证券监管 部门。 第三条 公司在进行信息披露时应严格遵守公平信息披露原则，公司及相关 信息披露义务人应当同时向所有投资者公开披露重大信息，确保所有投资者可以 平等获取同一信息，不得私下提前向特定对象单独披露、透露或泄漏。 ...

Group 1 - The core viewpoint of the news highlights the financial performance and trading activity of Huarui Precision, indicating a significant increase in revenue and net profit for the first half of 2025 [2] - As of August 26, Huarui Precision's stock price increased by 2.09%, with a trading volume of 342 million yuan, and a net financing buy of -19.29 million yuan [1] - The company has a total financing and securities balance of 295 million yuan, with a financing balance of 294 million yuan, representing 5.08% of its market capitalization [1] Group 2 - For the first half of 2025, Huarui Precision achieved an operating income of 519 million yuan, reflecting a year-on-year growth of 26.48%, and a net profit attributable to shareholders of 85.46 million yuan, up 18.80% year-on-year [2] - The company has distributed a total of 236 million yuan in dividends since its A-share listing, with 140 million yuan distributed over the past three years [3] - As of June 30, the number of shareholders increased to 5,165, a rise of 26.97%, with an average of 16,875 circulating shares per person, up 10.27% [2]

截至发稿，华锐精密市值为57亿元。 每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋招"求才"，25个 岗位都有什么特点？ 每经AI快讯，华锐精密（SH 688059，收盘价：65.2元）8月25日晚间发布公告称，为推进公司长远发展 规划，根据公司战略和业务需要，公司拟与无锡离巽共同设立合资公司株洲华智技术有限公司，本次投 资完成后，合资公司将成为公司的控股子公司。 2024年1至12月份，华锐精密的营业收入构成为：制造业占比98.82%，其他业务占比1.18%。 （记者 胡玲） ...

关于对外投资设立控股子公司的自愿性披露公告 | 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2025-048 | | --- | --- | --- | | 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。 重要内容提示： 投资标的名称：株洲华智技术有限公司（最终名称以市场监督管理部门核 准登记为准，以下简称"合资公司"） 投资金额：株洲华锐精密工具股份有限公司（以下简称"公司""华锐精 密"或"甲方"）拟与无锡离巽企业管理合伙企业（有限合伙）（以下简称"无 锡离巽"或"乙方"）设立合资公司。合资公司注册资本为人民币 1,000 万元， 其中：华锐精密拟出资 800 万元，占注册资本总额的 80%，无锡离巽拟出资 200 万元，占注册资本总额的 20%。 相关风险提示：本次投资设立合资公司尚需市场监督管理部门的批准，能 否通过相关批准以及最终通过批准的时间均存在不确定性；合资公司设立后，在 未来实际经营中，可能面临行业政策 ...

格隆汇8月25日丨华锐精密(688059.SH)公布，为推进公司长远发展规划，根据公司战略和业务需要，公 司拟与无锡离巽共同设立合资公司株洲华智技术有限公司，本次投资完成后，合资公司将成为公司的控 股子公司。合资公司注册资本为人民币1,000万元，其中：华锐精密拟出资800万元，占注册资本总额的 80%，无锡离巽拟出资200万元，占注册资本总额的20%。 ...

Core Viewpoint - Huarui Precision's stock price has experienced a decline, reflecting market fluctuations, while the company shows strong revenue and profit growth in the first half of 2025 [1] Group 1: Company Performance - Huarui Precision reported a revenue of 519 million yuan for the first half of 2025, representing a year-on-year increase of 26.48% [1] - The net profit attributable to the parent company for the same period was approximately 85.46 million yuan, marking an 18.80% year-on-year growth [1] - The net cash flow from operating activities was 101 million yuan, showing an increase compared to the same period last year [1] Group 2: Stock Market Activity - As of August 20, 2025, Huarui Precision's stock price was 66.35 yuan, down by 1.69 yuan or 2.48% from the previous trading day [1] - The stock opened at 67.28 yuan, reached a high of 67.99 yuan, and a low of 65.00 yuan on the same day, with a trading volume of 36,920 hands and a transaction amount of 244 million yuan [1] - On August 20, 2025, the net inflow of main funds into Huarui Precision was 4.10 million yuan, accounting for 0.07% of the circulating market value, while the net outflow over the past five days was 36.29 million yuan, representing 0.63% of the circulating market value [1] Group 3: Industry Position - Huarui Precision is a well-known manufacturer of hard alloy cutting tools in China, with its products widely used in the automotive, aerospace, and mold industries [1] - The company has maintained a leading position in production volume within the domestic industry for several consecutive years [1]

Core Insights - The company reported a revenue of 519 million yuan for H1 2025, representing a year-on-year increase of 26.48% [1] - The net profit attributable to shareholders was 85 million yuan, up 18.80% year-on-year, while the net profit after deducting non-recurring items was 84 million yuan, also up 18.32% year-on-year [1] Revenue Performance - The company benefited from a recovery in downstream demand, improved product performance, and an expanding product range, leading to a main business revenue of 513 million yuan in H1 2025, a 25.80% increase year-on-year [2] - The revenue from the CNC blade and overall tool business segments was 449 million yuan and 54 million yuan, respectively [2] Profitability Analysis - The gross margin for H1 2025 was 37.54%, down 5.05 percentage points year-on-year, attributed to rising raw material costs and pressure on overall tool business profitability [2] - The net profit margin was 16.46%, a decrease of 1.07 percentage points year-on-year, with CNC blades and overall tools having gross margins of 45.36% and -23.6%, respectively [2] Cost Management - The expense ratio for H1 2025 was 15.19%, down 5.4 percentage points year-on-year, indicating improved cost control [2] - The sales, management, R&D, and financial expense ratios decreased by 1.02, 1.23, 2.79, and 0.36 percentage points year-on-year, respectively [2] Market Expansion and Product Development - The company is optimizing its "distribution + direct sales" dual-channel sales system, enhancing product promotion, channel construction, and customer service [3] - In H1 2025, overseas revenue reached 28 million yuan, a year-on-year increase of 20.62%, reflecting the company's efforts to expand its international market presence [3] - The company is focusing on R&D for cutting tools in aerospace and robotics, achieving progress in developing heat-resistant alloy processing tools and precision component cutting tools [3] Future Projections - The company expects to achieve revenues of 1.01 billion, 1.17 billion, and 1.39 billion yuan for 2025-2027, with year-on-year growth rates of 33.01%, 16.03%, and 18.62%, respectively [4] - Projected net profits for the same period are 169 million, 218 million, and 274 million yuan, with year-on-year growth rates of 57.90%, 29.35%, and 25.55% [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][5] Core Views - The company reported strong performance in H1 2025, with revenue of 519 million yuan, a year-on-year increase of 26.48%, and a net profit attributable to shareholders of 85 million yuan, up 18.80% year-on-year [2][3] - The revenue growth was driven by recovering downstream demand, improved product performance, and an expanding product range [3] - The company is actively expanding its product offerings in emerging fields such as aerospace and robotics, focusing on precision cutting tools [4] Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of 519 million yuan, with a year-on-year growth of 26.48%. The net profit attributable to shareholders was 85 million yuan, reflecting an 18.80% increase year-on-year [2] - For Q2 2025, the company reported a revenue of 297 million yuan, a year-on-year increase of 23.65% and a quarter-on-quarter increase of 33.73% [2] - The gross margin for H1 2025 was 37.54%, down 5.05 percentage points year-on-year, attributed to rising raw material costs and pressure on overall tool business profitability [3] Revenue and Profitability - The main business revenue for H1 2025 was 513 million yuan, up 25.80% year-on-year, with the CNC blade and overall tool segments generating revenues of 449 million yuan and 54 million yuan, respectively [3] - The company’s net profit margin for H1 2025 was 16.46%, a decrease of 1.07 percentage points year-on-year [3] Cost Management - The expense ratio for H1 2025 was 15.19%, down 5.4 percentage points year-on-year, indicating improved cost control [3] Market Expansion - The company is enhancing its sales system by optimizing a dual-channel approach of "distribution + direct sales," which includes strengthening its distribution network and expanding its direct sales team [4] - In H1 2025, overseas revenue reached 28 million yuan, a year-on-year increase of 20.62% [4] Future Projections - The company is expected to achieve revenues of 1.01 billion yuan, 1.17 billion yuan, and 1.39 billion yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 33.01%, 16.03%, and 18.62% [5] - Projected net profits for the same years are 169 million yuan, 218 million yuan, and 274 million yuan, with growth rates of 57.90%, 29.35%, and 25.55% [5]

Core Viewpoint - Sichuan Tianlian Robot Co., Ltd. (川机器人) and Zhuzhou Huari Precision Tool Co., Ltd. (华锐精密) have signed a strategic cooperation agreement to enhance the manufacturing processes of core components for robots, aiming for mutual benefits and increased market share [1][2]. Group 1: Strategic Cooperation Details - The cooperation focuses on integrating technical resources and market experience to improve the processing technology of core robot components and promote applications in the tool manufacturing industry [2]. - A special working group will be established to detail cooperation content and conduct regular technical exchanges to ensure the strategy's implementation [2]. - Both parties will share market information and customer resources to jointly explore new markets, with Huari Precision leveraging its channels to promote robot applications in the tool manufacturing sector [2]. Group 2: Company Developments -川机器人 has initiated the IPO counseling process for the Sci-Tech Innovation Board, signing an agreement with Huazhang Securities [3]. -川机器人 has significant orders, including a major client's intention to purchase 1,000 units valued at 400 million RMB, with component orders scheduled until August 2025 [3]. - Huari Precision is strategically focusing on manufacturing key components for humanoid robots, having received small batch orders from Yushu Technology after initial testing [4]. Group 3: Market Potential and Financial Projections - The humanoid robot tool market is projected to reach between 7 billion to 12.6 billion RMB by 2027, assuming a shipment of 1 million humanoid robots and a tool cost percentage of 5% to 9% [5]. - If Huari Precision captures a 30% market share in the humanoid robot tool market by 2027, the company's market value could range from 9.45 billion to 17.01 billion RMB based on a 30x PE ratio [5].

Core Viewpoint - The strategic cooperation agreement between Chuan Robotics and Huarui Precision aims to enhance market share and application of robotic core components in manufacturing through resource sharing and technological integration [2][3]. Group 1: Strategic Cooperation Agreement - Chuan Robotics and Huarui Precision signed a strategic cooperation agreement to leverage their strengths and share market resources [2]. - The agreement focuses on improving the processing technology of robotic core components and promoting their application in manufacturing enterprises [2]. - Both companies will establish a special working group to detail cooperation content and ensure the strategic implementation through regular technical exchanges [2]. Group 2: Roles and Responsibilities - Huarui Precision will develop various precision cutting tools and prioritize the use of Chuan Robotics' robots under equal conditions [3]. - Chuan Robotics will provide demand for typical robotic parts and applications in the tool manufacturing industry [3]. - Both companies will share market information and customer resources to jointly explore new markets [3]. Group 3: Company Background and Future Plans - Huarui Precision is a well-known manufacturer of hard alloy cutting tools, focusing on research and development in aerospace and robotics sectors [3]. - Chuan Robotics, established in 2012, is preparing to list on the Sci-Tech Innovation Board and specializes in humanoid robots, collaborative robots, and core robotic components [4]. - The company aims to build a product layout centered on humanoid robots and supporting technologies like harmonic reducers and ultra-lightweight collaborative robots [4]. Group 4: Previous Collaborations - Chuan Robotics has previously signed strategic cooperation agreements with other A-share listed companies to promote automation manufacturing and enhance market share [4].