| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-006 | | --- | --- | --- | | 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"华锐转债"赎回暨摘牌的第一次提示性公告 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。 重要内容提示： 截至 2026 年 1 月 19 日收市后，距离 2026 年 1 月 28 日（"华锐转债"最后 交易日）仅剩 7 个交易日，2026 年 1 月 28 日为"华锐转债"最后一个交易日。 最后转股日：2026 年 2 月 2 日 截至 2026 年 1 月 19 日收市后，距离 2026 年 2 月 2 日（"华锐转债"最后 转股日）仅剩 10 个交易日，2026 年 2 月 2 日为"华锐转债"最后一个转股日。 本次提前赎回完成后，"华锐转债"将自 2026 年 2 月 3 日起在上海证券 交易所摘牌。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 61.89 元/股的转股价格进行 ...

Core Viewpoint - The company, Zhuzhou Huare Precision Tools Co., Ltd., has announced the early redemption of its convertible bonds, "Huare Convertible Bonds," which will be delisted from the Shanghai Stock Exchange after the redemption process is completed [1][4][14]. Redemption Details - The last trading day for "Huare Convertible Bonds" is January 28, 2026, and the last conversion day is February 2, 2026 [2][3]. - The redemption price is set at 101.1047 CNY per bond, which includes the face value and accrued interest [6][11]. - The redemption will be executed on February 3, 2026, and all bonds will be frozen after the redemption registration date [12][13]. Conditions for Early Redemption - The early redemption condition has been triggered as the company's stock price has met the requirement of being above 130% of the conversion price for at least 15 trading days within a 30-day period [5][9]. - The conversion price is set at 61.89 CNY per share, and the stock price must be above 80.46 CNY or 81.24 CNY on specified trading days to meet the redemption criteria [5][9]. Shareholder Impact - The total share capital of the company increased from 93,568,345 shares to 95,324,869 shares due to the conversion of 1,756,524 shares from the convertible bonds, resulting in a dilution of the controlling shareholder's stake from 42.71% to 41.92% [22][23]. - This change does not involve share reduction or trigger a mandatory bid, and the controlling shareholder remains unchanged [25]. Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.8838 CNY per bond after tax [15][16].

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on mining equipment, AI devices, and consumables [1]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with significant capital expenditure anticipated in mining due to rising prices of non-ferrous metals [6][8]. - The AI sector is experiencing rapid growth, leading to increased demand for high-performance servers, GPUs, and advanced PCBs, which are critical for AI applications [6][20]. - The report highlights key companies in various segments, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][8]. Summary by Sections Industry Overview - The mechanical industry comprises 636 listed companies with a total market capitalization of approximately 70,956.73 billion yuan and a circulating market value of about 58,998.75 billion yuan [3]. Company Profit Forecasts and Valuations - Several companies are highlighted with strong profit forecasts and investment ratings, including: - Huichuan Technology (300124.SZ): EPS forecasted at 2.11 yuan for 2025, with a strong buy rating [2]. - Falan Technology (603966.SH): EPS forecasted at 0.60 yuan for 2025, with a strong buy rating [2]. - Xinjie Electric (603416.SH): EPS forecasted at 1.83 yuan for 2025, with a strong buy rating [2]. - Other notable mentions include companies like Anhui Heli (600761.SH) and Sany Heavy Industry (600031.SH), both receiving strong buy ratings [2]. Market Performance - The mechanical sector has shown a positive performance with a 1.4% increase in the index, while the overall market performance varied across different indices [10][13]. - The 3C equipment segment experienced the highest growth at 14.4%, indicating strong demand in this area [11]. Investment Recommendations - The report suggests focusing on companies that are well-positioned to benefit from the AI wave, such as: - Dingtai High-Tech and Zhongtung High-Tech in the consumables sector [20][21]. - Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [20]. - The report emphasizes the importance of high-end equipment and consumables in the PCB market, projecting significant growth in this area [20][21]. Key Data Tracking - The report includes macroeconomic indicators and industry-specific data, such as the manufacturing PMI and fixed asset investment growth rates, which are crucial for understanding the industry's health [32][36].

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-005 | | --- | --- | --- | | 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 关于持股 5%以上的股东权益变动触及 1%刻度的提 示性公告 投资者保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少 | | --- | --- | --- | --- | | 权益变动前合计比例 | 42.71% | | | | 权益变动后合计比例 | 41.92% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否 | | | 是否触发强制要约收购义务 | 是□ | 否 | | 一、信息披露义务人及其一致行动人的基本信息 二、权益变动触及 1%刻度的基本情况 自 2026 年 1 月 1 日至 2026 年 1 月 15 日期间，"华锐转债"累计转股 1,756,524 股，株洲华锐精密工具股份有 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-004 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | | | | 截至 2026 年 1 月 16 日收市后，距离 2026 年 1 月 28 日（"华锐转债"最后交易 日）仅剩 8 个交易日，2026 年 1 月 28 日为"华锐转债"最后一个交易日。 株洲华锐精密工具股份有限公司 关于实施"华锐转债"赎回暨摘牌的公告 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： 证券停复牌情况：适用 因实施株洲华锐精密工具股份有限公司（以下简称"公司"）可转换公司债券"华 锐转债"赎回，本公司的相关证券停复牌情况如下： 最后转股日：2026 年 2 月 2 日 截至 2026 年 1 月 16 日收市后，距离 2026 年 2 月 2 日（"华锐转债"最后转股 日）仅剩 11 个交易日，2026 年 2 月 2 日为"华锐转债"最后一个转股日。 赎回登记日：2026 年 2 月 2 日 赎 ...

Market Overview - The general equipment sector experienced a decline of 0.47% on January 15, with Daye Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Top Gainers in General Equipment Sector - Jingce Electronics (300567) saw a closing price of 119.00, with an increase of 8.10% and a trading volume of 185,800 shares [1] - Xinlei Co., Ltd. (301317) closed at 37.25, up 7.60%, with a trading volume of 91,100 shares [1] - Yingliu Co., Ltd. (603308) closed at 48.44, increasing by 5.83% with a trading volume of 266,700 shares [1] - Other notable gainers include Youlide (688628) at 36.92 (+5.79%), Tongfei Co., Ltd. (300990) at 91.37 (+5.34%), and Baonanchangke (688433) at 80.68 (+5.05%) [1] Top Losers in General Equipment Sector - Daye Co., Ltd. (603278) reported a significant drop of 10.03%, closing at 12.92 with a trading volume of 437,400 shares [2] - Aerospace Power (600343) also fell by 10.00%, closing at 44.09 with a trading volume of 905,600 shares [2] - Other major decliners include Luxin Investment (600783) at 31.95 (-10.00%), JuLi Sockets (002342) at 12.60 (-10.00%), and Snowman Group (002639) at 24.23 (-9.99%) [2] Capital Flow Analysis - The general equipment sector saw a net outflow of 4.127 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.994 billion yuan [2] - The sector experienced a net inflow of 134 million yuan from speculative funds [2] Individual Stock Capital Flow - Jingce Electronics (300567) had a net inflow of 244 million yuan from institutional investors, accounting for 11.41% of its trading volume [3] - New Lai Materials (300260) reported a net inflow of 162 million yuan, with a net outflow of 52.41 million yuan from speculative funds [3] - Other stocks with notable capital flows include Zongshen Power (001696) with a net inflow of 96.49 million yuan and a net outflow of 99.06 million yuan from retail investors [3]

Core Viewpoint - The company has established a comprehensive raw material price tracking system to manage costs effectively amid rising raw material prices [1] Group 1: Cost Management Strategies - The company signs framework agreements with key raw material suppliers and makes advance payments to lock in prices and quantities, thereby controlling raw material cost expenditures [1] - The company has adopted a strategy of pre-stocking raw materials to prepare for potential future price increases [1] Group 2: Pricing Strategy - The final product pricing is determined based on production costs, product performance, competitor pricing, market conditions, customer purchasing scale, and competitive strategies [1] - In cases of significant unilateral increases in raw material prices, the company typically implements measures to raise product prices to pass on the cost pressure [1]

Group 1 - The stock of Huari Precision fell by 5.27% on January 12, closing at 78.08 yuan per share, with a trading volume of 79.39 million yuan and a turnover rate of 1.14%, resulting in a total market capitalization of 7.306 billion yuan [1] - Huari Precision, established on March 7, 2007, and listed on February 8, 2021, specializes in the research, production, and sales of hard alloy CNC cutting tools, with revenue composition as follows: turning tools 63.32%, milling tools 20.80%, integral tools 10.41%, others 3.02%, and drilling tools 2.44% [1] Group 2 - Huatai Bairui Fund has one fund heavily invested in Huari Precision, with the Zhongzheng 2000 (563300) holding 130,300 shares, accounting for 0.46% of the fund's net value, ranking as the ninth largest holding [2] - The Zhongzheng 2000 fund, established on September 6, 2023, has a latest scale of 2.168 billion yuan, with a year-to-date return of 6.27% (ranking 1612 out of 5579) and a one-year return of 47.32% (ranking 1505 out of 4202) [2]

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on AI equipment and consumables, as well as engineering machinery [1]. Core Insights - The mechanical industry is expected to benefit from the acceleration of AI applications, particularly in high-performance servers and GPU demand, driven by the rapid iteration of AI models and smart hardware [7]. - The excavator market is projected to exceed expectations in both domestic and international sales, with a forecasted 17% year-on-year growth in 2025, supported by government policies and infrastructure projects [7]. - The report emphasizes the potential for a new recovery cycle in the equipment industry, driven by monetary and fiscal policy support, and suggests focusing on key companies across various segments [7]. Summary by Sections Key Company Earnings Forecast, Valuation, and Investment Ratings - Companies such as 汇川技术 (Inovance Technology), 法兰泰克 (Falan Tech), and 信捷电气 (Xinjie Electric) are rated as "Strong Buy" with projected EPS growth and favorable PE ratios [2][8]. - For example, 汇川技术 is expected to have an EPS of 2.11元 in 2025, with a PE ratio of 37.13, indicating strong growth potential [2]. Industry and Company Investment Views - The report highlights the AI equipment and consumables sector as a key area for investment, with significant growth expected in the PCB market driven by AI infrastructure needs [9]. - The engineering machinery sector is also highlighted, with companies like 三一重工 (Sany Heavy Industry) and 徐工机械 (XCMG) expected to benefit from increased domestic demand and international market recovery [7][9]. Key Data Tracking - The report provides macroeconomic data indicating a total market capitalization of 70,956.73 billion yuan for the mechanical industry, with 636 listed companies [4]. - The mechanical sector has shown strong performance, with a 5.7% increase in the sector index over the past week, outperforming major indices [11][14].

证券代码：688059 证券简称：华锐精密 公告编号：2026-003 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 公司股票在连续三十个交易日中至少十五个交易日的收盘价格不低于当期转股价格的130%（含 130%），已经触发《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》 中有条件赎回条款的相关规定。公司董事会决定行使"华锐转债"的提前赎回权利，按照债券面值加当期 应计利息的价格对赎回登记日登记在册的"华锐转债"全部赎回。 同时，为确保本次"华锐转债"提前赎回事项的顺利进行，董事会授权公司管理层及相关部门负责办理本 次"华锐转债"提前赎回的全部相关事宜。上述授权自董事会审议通过之日起至本次赎回相关工作完成之 日止。 具体内容详见公司同日刊登在上海证券交易所网站（www.sse.com.cn)的《关于提前赎回"华锐转债"的提 示性公告》（公告编号：2026-002）。 第三届董事会第二十四次会议决议公告 一、董事会会议召开情况 株洲华锐精密工具股份有限公司（以下简称"公司"）第三届董事会第二十四次会议于2026年1月9日以现 场表决与通讯结合的方式召开，会议 ...