Group 1 - The company Huayi Technology announced that shareholder Huang Daqing plans to reduce his holdings by no more than 1.0938 million shares, accounting for 1.29% of the total share capital [1] - Shareholder Qin Ligang intends to reduce his holdings by no more than 1.2718 million shares, representing 1.5% of the total share capital [1] - Shareholder Pan Min plans to reduce his holdings by no more than 173,800 shares, which is 0.21% of the total share capital [1] Group 2 - The reduction period for all shareholders will be within three months starting from 15 trading days after the announcement [1]

Investment Rating - The investment rating for the company is "Buy" [6] Core Insights - The company is a leading player in the IMU sector, with significant growth potential in the fields of unmanned logistics, intelligent driving, and humanoid robotics [1][4] - The launch of the E6 unmanned logistics vehicle by Jiushi at a price of 20,000 yuan is expected to accelerate the growth of the unmanned logistics market [2] - The company has received multiple certifications, including the German TÜV Rheinland ISO 26262 for automotive functional safety, and is in mass production of high-precision inertial navigation products, indicating a strong position in the passenger vehicle market [3] - The humanoid robotics sector is anticipated to see substantial growth in 2025, with the company already achieving small-scale supply of IMU for humanoid robots [4] - The company reported a revenue of 142 million yuan in Q1 2025, a year-on-year increase of 39.02%, and a net profit of 3 million yuan, marking a significant turnaround [5] Financial Summary - Revenue projections for 2025-2027 are 636 million, 816 million, and 1,003 million yuan, with corresponding growth rates of 50.19%, 28.35%, and 22.89%, respectively [6] - The forecasted net profit for the same period is 56.86 million, 78.44 million, and 94.62 million yuan, with growth rates of - and 37.95%, 20.62% [6] - The company is expected to achieve a compound annual growth rate (CAGR) of 33% from 2025 to 2027 [6]

Meeting Overview - The first meeting of the 2025 Employee Stock Ownership Plan (ESOP) of Shanghai Huayi Technology Group Co., Ltd. was held on June 12, 2025, with 14 attendees representing 5,990,551.36 shares, which is 100% of the total ESOP shares [2][3] Resolutions Passed - The meeting approved the establishment of the 2025 ESOP Management Committee to oversee the plan and protect the rights of the shareholders, consisting of three members with a term matching the duration of the ESOP [2][4] - The committee members elected were Hong Bin, Zhang Yanmei, and Tao Xiaobao, with Hong Bin appointed as the committee chair [4] - The meeting authorized the management committee to handle various matters related to the ESOP, including convening meetings, managing daily operations, and executing decisions made by the shareholders [5][6]

证券代码：688071 证券简称：华依科技 公告编号：2025-028 上海华依科技集团股份有限公司 2025 年员工持股计划第一次持有人会议决议公告 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。 一、会议召开情况 上海华依科技集团股份有限公司（以下简称"公司"或"华依科技"）2025 年员 工持股计划第一次持有人会议于 2025 年 6 月 12 日以现场结合通讯表决的方式召 开，本次会议的通知于 2025 年 6 月 10 日以书面结合通讯方式送达。本次会议由 公司董事会秘书沈晓枫女士召集和主持，出席本次会议的持有人 14 人，代表 2025 年员工持股计划份额 5,990,551.36 份，占公司 2025 年员工持股计划总份额的 100%。会议的召集、召开和表决程序符合公司 2025 年员工持股计划的有关规定。 会议以记名投票表决方式，审议通过了以下议案： 二、会议审议情况 经与会持有人逐项审议，通过以下议案： 1、审议通过《关于设立公司 2025 年员工持股计划管理委员会的议案》 为保证公司 2025 年员工 ...

Core Points - The company has completed the non-trading transfer of its 2025 employee stock ownership plan, with a total subscription amount of 5,990,551.36 yuan and 306,893 shares subscribed [1][2] - The shares for the employee stock ownership plan were sourced from the company's repurchased A-shares, with a transfer price of 19.52 yuan per share, representing 0.36% of the company's total share capital [2] - The employee stock ownership plan will unlock shares in two phases after a 12-month period, with 50% of the shares released at each unlocking point [2] Implementation Progress - The company held a board meeting on February 21, 2025, to approve the employee stock ownership plan and related proposals [1] - The company will continue to monitor the implementation of the employee stock ownership plan and fulfill its information disclosure obligations as required by law [3]

证券代码：688071 证券简称：华依科技 公告编号：2025-027 根据《关于上市公司实施员工持股计划试点的指导意见》及《上海证券交易 所科创板上市公司自律监管指引第 1 号——规范运作》的要求，现将公司 2025 年员工持股计划（以下简称"本次员工持股计划"）实施进展情况公告如下： 根据上会会计师事务所（特殊普通合伙）出具的验资报告，截至 2025 年 5 月 12 日止，本次员工持股计划的认购资金已全部实缴到位，最终缴纳的认购资 金总额为 5,990,551.36 元，认缴股数为 306,893.00 股。 本员工持股计划的股份来源为公司回购专用账户的华依科技 A 股普通股股 份。 上海华依科技集团股份有限公司 关于公司 2025 年员工持股计划非交易过户完成的公告 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。 上海华依科技集团股份有限公司（以下简称"公司"或"华依科技"）于 2025 年 2 月 21 日召开公司第四届董事会第二十一次会议，审议通过了《关于<公司 2025 年员工持股计划（草案）>及其摘要的议 ...

Summary of Huayi Technology Conference Call Industry and Company Overview - **Company**: Huayi Technology - **Industry**: Intelligent Driving and Autonomous Logistics Vehicles Key Points and Arguments - **Stable Supply Relationships**: Huayi Technology has established stable supply relationships with multiple intelligent driving manufacturers and is actively expanding into the passenger car and autonomous logistics vehicle markets. The two product categories share core algorithms and underlying data, effectively meeting diverse customer needs [2][3][4] - **Market Potential for Autonomous Logistics Vehicles**: The demand for Inertial Measurement Units (IMU) in the autonomous logistics vehicle market is significant. Collaborations with leading manufacturers like Jiushi Intelligent and Xinshi Da are expected to push market capacity beyond 10,000 units by 2025, with further growth anticipated in 2026. The short-distance logistics vehicle market in China is large and holds substantial potential [2][5][6] - **Strategic Partnerships**: Huayi Technology is negotiating strategic partnerships with leading companies to capture more market share and explore subscription service models. The autonomous logistics vehicle market is developing rapidly, supported by a relatively relaxed policy environment [2][6][8] - **Robotaxi Market Development**: The Robotaxi sector is a key application area for IMU, with Huayi Technology focusing on technological innovation and strategic partnerships to drive industry growth. The optimization of the policy environment is also providing support for this sector [2][7][8] - **Commercial Viability of Autonomous Logistics**: While the product and technology aspects of autonomous logistics are relatively mature, achieving a commercial closed loop is still hindered by policy limitations. However, as policies gradually relax, the industry is expected to grow rapidly, with a projected shipment volume exceeding 10,000 units in 2025, marking a significant increase from the previous year [2][8][9] - **IMU Product Layout**: Huayi Technology has been developing IMU products since 2018, which are crucial for posture measurement and inertial navigation in intelligent driving. The company has established stable supply relationships with intelligent driving manufacturers and is expanding its customer base in both passenger and autonomous logistics vehicles [3][4] - **Market Trends and Future Plans**: The autonomous logistics vehicle market is expected to experience explosive growth in the next two to three years, with Huayi Technology actively pursuing partnerships with both vehicle manufacturers and solution providers. The company aims to secure a larger market share through close strategic collaborations [6][8] - **Expected Sales and Market Demand**: For 2025, Huayi Technology anticipates sales of 2,000 to 3,000 units in the autonomous logistics sector, with market demand expected to exceed this figure as more projects are initiated [14] - **Expansion of Product Lines**: In addition to IMU, Huayi Technology plans to expand its product offerings to include GNSS modules and V2X wireless communication modules, targeting various sectors such as passenger vehicles, autonomous logistics, robotics, and flying cars [15] - **Collaboration with Major Automakers**: The company has partnered with major automakers like GAC and SAIC General, with ongoing discussions with other large manufacturers to enhance its market presence [17] - **Production Capacity and Growth**: The expected shipment volume for MUDA is projected to increase significantly, with a current production capacity of 1 million units, which is set to expand to 5 million units by mid-2025 to meet rising market demand [18] - **Profit Outlook**: Huayi Technology achieved a historic turnaround in Q1 and expects continued profit improvement throughout the year, with an overall profit forecast in the tens of millions [19]

2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对上海华依科技集团股份有限公司（以下简称"华依科技""公 司""上市公司"）进行持续督导工作的保荐人，对 2024 年度（以下简称"本 持续督导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报 告如下： 一、本次现场检查的基本情况 中信证券股份有限公司 关于上海华依科技集团股份有限公司 （一）保荐人 中信证券股份有限公司 （二）保荐代表人 杨凌、阮元 （三）现场检查人员 阮元 （四）现场检查时间 2025 年 4 月 9 日-10 日、2025 年 5 月 16 日 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 （六）现场检查手段 1 本次现场 ...

上海华依科技集团股份有限公司： 中信证券股份有限公司（以下简称"本保荐人"）作为对贵公司进行持续督 导的保荐人，按照《上海证券交易所上市公司自律监管指引第 11 号——持续督 导》的有关要求，对贵公司认真履行了持续督导职责。 基于 2024 年度现场检查，本保荐人提请贵公司关注以下事项： 1、建议公司继续严格按照《公司法》、《证券法》《上海证券交易所股票上市 规则》等法律法规的要求，不断完善公司治理结构，及时履行信息披露义务，合 规合理使用募集资金，有序推进募投项目的建设及实施，确保募投项目完成并实 现预期收益。 2、2024 年，公司存在业绩下滑、亏损的情况。公司实现营业收入 42,343.52 万元，比上年同期增长 20.36%，实现归属于上市公司股东的净利润-4,673.70 万 元，较上年同期减少 3,072.76 万元，主要原因系：（1）测试服务业务增长，但产 能尚在爬坡，产能释放与收入的时间性差异导致收入虽增幅较大，未能完全覆盖 成本支出；（2）惯导业务尚在发展初期，产线初步建成，开始进入批量交付阶段， 但制造成本及期间费用暂未能完全覆盖；（3）为满足客户持续增长的业务需求， 公司加快相关产能建设 ...

中信证券股份有限公司 关于上海华依科技集团股份有限公司 2024 年度持续督导跟踪报告 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为上海华 依科技集团股份有限公司（以下简称"华依科技"或"公司"或"上市公司"） 首次公开发行股票并在科创板上市、向特定对象发行 A 股股票的保荐人，根据 《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》等 相关规定，中信证券履行持续督导职责，并出具本持续督导年度跟踪报告。 一、持续督导工作概述 （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2）查阅公司财务管理、会计核算和内部审计等内部控制制度，查阅公司 2024 年度内部控制自我评价报告、2024 年度内部控制鉴证报告等文件； （3）查阅公司其他应收款等往来明细科目，查阅会计师出具的 2024 年度审 计报告、关于 2024 年度控股股东及其他关联方占用发行人资金情况的专项报告； 1 （4）查阅公司募集资金管理相关制度、募集资金使用信息披露文件和决策 程序文件、募集资金专户银行对账单、募集资金使用明细账、会计师出具的 2024 年度募集资金存放与使用情况鉴证报告； 1、保荐 ...