证券研究报告 2026 年 03 月 22 日 湘财证券研究所 行业研究 机械行业周报 宇树科技 IPO 获受理，Space X 启动光伏设备采购 分析师：轩鹏程 证书编号：S0500521070003 Tel：(8621) 50295321 Email：xuanpc@xcsc.com 地址：上海市浦东新区银城路88号 中国人寿金融中心10楼 ——机械行业周报（2026.03.16~2026.03.20） 核心要点： ❑ 市场回顾：本周机械行业继续跑输大盘，光伏加工设备板块表现较好 本周，沪深 300 指数下跌 2.2%，机械行业下跌 6.3%，其中表现 靠前板块为光伏加工设备(1.7%)、半导体设备(0.2%)、其他专用设备(- 2.9%)，表现靠后板块为磨具磨料(-9.2%)、金属制品(-8.3%)、机床工具 (-8.0%)。截至 2026 年 3 月 20 日，沪深 300 指数今年累计下跌 1.4%， 机械行业累计上涨 1.4%，其中涨幅靠前板块为激光设备(39.7%)、光 伏加工设备(32.9%)、其他自动化设备(24.6%)，表现靠后的细分板块为 机器人(-12.8%)、印刷包装机械(-8.3%) ...

国联民生证券承销保荐有限公司 关于广州思林杰科技股份有限公司募集资金账户部分资金被冻结 的核查意见 国联民生证券承销保荐有限公司（以下简称"保荐机构"）作为广州思林杰科 技股份有限公司（以下简称"思林杰"或"公司"）首次公开发行股份并在科创板上 市的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监 管规则》《上海证券交易所科创板股票上市规则》《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》等有关法律法规和规范性文件的要求， 对公司募集资金账户部分资金被冻结的事项进行了核查，并发表如下意见： 额占公司最近一期经审计净资产的 0.02%，占公司最近一期经审计货币资金的 0.03%，占比较小。 本次财产保全措施系仲裁委员会根据申请人的申请做出的正常仲裁过程中 的程序性措施，并非仲裁委员会对公司实体权利义务的裁判。此次募集资金冻结 事项与公司募投项目无关，不存在募集资金账户违规支付情况。公司资金周转情 况良好，不会对公司募集资金使用产生重大不利影响。公司募集资金专项账户仅 用于募集资金的存储和使用，除被冻结资金外，不存在其他募集资金被冻结的情 况。 五、保荐机构核查意见 经核查， ...

证券代码：688115 证券简称：思林杰 公告编号：2026-010 广州思林杰科技股份有限公司 关于银行募集资金账户部分资金被冻结的公告 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。 广州思林杰科技股份有限公司（以下简称 "公司"）于近日收到广州仲裁委 员会出具的《仲裁通知书》（案号：（2026）穗仲案字第 1056 号)，经查询获悉公 司在兴业银行股份有限公司广州分行开设的募集资金专项账户的少量资金被广 州仲裁委员会冻结，现将相关情况公告如下： 一、银行账户被冻结的情况 | 账户名称 | 开户行 | 账号 | 账户性质 | 实际冻结金额（元） | | --- | --- | --- | --- | --- | | 广州思林杰科技 | 兴业银行股份有限 | 394880100101474569 | 募集资金 | 240,505.83 | | 股份有限公司 | 公司广州分行 | | 专项账户 | | 二、银行账户被冻结的原因 四、本次募集资金账户部分资金被冻结对公司的影响 截至本公告披露日，公司本次银行账户被冻结资金 2 ...

一、2025年度主要财务数据和指标 单位：元 证券代码：688115 证券简称：思林杰公告编号：2026-009 广州思林杰科技股份有限公司 2025年度业绩快报公告 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： ● 本公告所载2025年度（以下简称"报告期"）主要财务数据为初步核算数据，未经会计师事务所审计， 具体数据以广州思林杰科技股份有限公司（以下简称"公司"）2025年度的定期报告为准，提请投资者注 意投资风险。 报告期内，公司营业收入增长39.37%，主要系公司产品不断丰富，产品覆盖的应用场景进一步拓展， 各项业务平稳发展；营业利润同比减少212.52%，利润总额同比减少217.67%，归属于母公司所有者的 净利润同比减少163.52%，归属于母公司所有者的扣除非经常性损益的净利润同比减少257.63%，基本 每股收益同比减少165.22%，主要系公司实行员工持股计划，股份支付费用增加综合影响所致。 ■ 注：1.上年同期及本报告期初数同法定披露的上年年末数，本报告期及本报告期末数均为未经审计的合 ...

证券日报网讯2月27日，思林杰发布业绩快报称，公司2025年度实现营业总收入258279056.23元，同比 增加39.37%；实现归属于母公司所有者的净利润为-9701967.74元。 ...

Group 1 - The core viewpoint of the article is that Silin Jie (688115.SH) reported a significant increase in revenue for the fiscal year 2025, but also experienced a net loss attributed to increased costs related to an employee stock ownership plan [1] Group 2 - For the fiscal year 2025, the company achieved an operating revenue of 258 million yuan, representing a year-on-year increase of 39.37% [1] - The net profit attributable to the parent company was a loss of 9.702 million yuan, marking a shift from profit to loss compared to the previous year [1] - The operating profit decreased by 212.52% year-on-year, while the total profit decreased by 217.67% [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, decreased by 257.63% year-on-year [1] - Basic earnings per share decreased by 165.22% year-on-year, primarily due to increased share-based payment expenses related to the employee stock ownership plan [1]

Core Viewpoint - The company reported a significant increase in revenue for the fiscal year 2025, but also experienced a net loss attributed to increased costs related to an employee stock ownership plan [1] Financial Performance - The company achieved an operating revenue of 258 million yuan, representing a year-on-year increase of 39.37% [1] - The net profit attributable to the parent company was a loss of 9.702 million yuan, a shift from profit to loss compared to the previous year [1] - Operating profit decreased by 212.52% year-on-year, while total profit fell by 217.67% [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, decreased by 257.63% year-on-year [1] - Basic earnings per share decreased by 165.22% year-on-year [1] Business Development - The revenue growth was primarily driven by the expansion of the company's product offerings and the further development of application scenarios [1] - The company experienced stable development across various business segments [1]

Group 1 - The company reported an operating revenue of 258 million yuan for the year 2025, representing a year-on-year increase of 39.37% [1] - The net profit attributable to the parent company's owners was -9.702 million yuan, showing a year-on-year decrease of 163.52% [1] - The net profit attributable to the parent company's owners, after deducting non-recurring gains and losses, was -13.874 million yuan, reflecting a year-on-year decrease of 257.63% [1]

Core Viewpoint - The company reported a significant increase in revenue for the fiscal year 2025, but experienced a substantial decline in net profit and adjusted net profit compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 258 million yuan, representing a year-on-year increase of 39.37% [1] - The net profit attributable to the parent company's owners was -9.702 million yuan, reflecting a year-on-year decrease of 163.52% [1] - The net profit attributable to the parent company's owners, excluding non-recurring gains and losses, was -13.874 million yuan, showing a year-on-year decrease of 257.63% [1]

Financial Performance - The company achieved total operating revenue of ¥258,279,056.23, an increase of 39.37% compared to the same period last year[3] - The net profit attributable to the parent company was -¥9,701,967.74, a decrease of 163.52% year-on-year[3] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -¥13,873,911.32, a decrease of 257.63% year-on-year[3] - Basic earnings per share were -¥0.15, a decrease of 165.22% compared to the previous year[3] Assets and Equity - Total assets at the end of the reporting period were ¥1,419,330,500.40, an increase of 2.20% from the beginning of the period[3] - Equity attributable to the parent company was ¥1,267,134,695.83, an increase of 0.22% from the beginning of the period[3] Profit Impact Factors - The decrease in profit was primarily due to the implementation of an employee stock ownership plan, which increased share-based payment expenses by approximately ¥33 million[7] - Excluding the impact of share-based payment expenses, the net profit attributable to the parent company would have been approximately ¥22 million[7] Future Plans and Notes - The company plans to continue expanding its product offerings and application scenarios to drive revenue growth[8] - Investors are advised to note that the financial data presented is preliminary and unaudited, with final figures to be disclosed in the annual report[9]