证券代码：688155 证券简称：先惠技术 公告编号：2025-055 上海先惠自动化技术股份有限公司 2025年半年度权益分派实施公告 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。 本次利润分配方案经上海先惠自动化技术股份有限公司（以下简称"公司"） 2025 年 9 月 15 日的2025年第四次临时股东会审议通过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/9/29 | 2025/9/30 | 2025/9/30 | 一、 通过分配方案的股东会届次和日期 本次利润分配以方案实施前的公司总股本125,479,333股为基数，每股派发现 金红利0.30元（含税），共计派发现金红利37,643,799.90元。 ...

Investment Rating - The report maintains a "Recommendation" rating for the lithium battery equipment industry [2] Core Viewpoints - The lithium battery equipment sector is experiencing a recovery in demand, driven by both traditional lithium battery needs and new solid-state battery technologies, leading to a significant rebound in stock prices [5][10] - The overall revenue for the lithium battery equipment sector in Q2 2025 reached 12.347 billion, marking a year-on-year increase of 9.93%, while net profit attributable to shareholders was 434 million, a decrease of 12.76% [14][19] - The report highlights a fundamental turning point in the industry, with new orders beginning to recover after a downturn [9][14] Summary by Sections 1. Overview of Lithium Battery Equipment Mid-Year Report 2025 - The report analyzes the operational performance of 13 key listed companies in the lithium battery equipment sector, confirming a turning point in the fundamentals and a recovery in new orders [9] 2. Market Performance - The lithium battery equipment index has outperformed the broader market, with a year-to-date increase of 130.14% compared to a 17.84% rise in the CSI 300 index [10] - The sector's performance is attributed to fundamental changes, advancements in solid-state battery technology, and favorable policy expectations [10] 3. Mid-Year Report Summary - The lithium battery equipment sector achieved a total revenue of 21.476 billion in H1 2025, a slight decrease of 0.35% year-on-year, while net profit was 920 million, down 37.20% [14][16] - The report notes that the revenue growth in Q2 2025 ended a four-quarter decline, indicating a recovery in the revenue stream [14][19] 4. Future Outlook - The solid-state battery industry is approaching commercialization, with significant implications for equipment demand and value [5][43] - The report anticipates that the global market for semi-solid battery equipment could reach 62.44 billion by 2030, with a CAGR of 59% from 2024 to 2030 [5] - The solid-state battery market is projected to reach 45.50 billion by 2030, with a CAGR of 159% from 2024 to 2030 [5] 5. Investment Recommendations - The report suggests focusing on companies involved in the "selling shovel" logic, particularly those engaged in the upstream dry process equipment [5] - Key companies to watch include Naconoer, Xinyuren, Honggong Technology, and Mannester for their potential in the new technology segment [5] - The report also highlights leading companies with established relationships with major battery manufacturers, such as Xian Dao Intelligent, Yinghe Technology, Liyuanheng, and Hangke Technology [5]

Core Viewpoint - The solid-state battery industry is advancing with significant developments in both domestic and international markets, but challenges remain in mass production and commercialization due to material stability, process maturity, and cost competitiveness [2][4][11]. Group 1: Domestic Developments - EVE Energy's "Longquan No. 2" solid-state battery line has successfully produced a 10Ah cell with an energy density of 300Wh/kg and a volume energy density of 700Wh/L, targeting high-end applications like humanoid robots and AI [4][5]. - Guoxuan High-Tech's "Jinshi Battery" is in trial production with a yield rate of 90%, achieving an energy density of 350Wh/kg, enabling a single charge range of up to 1000 kilometers [7]. - Honeycomb Energy plans to start mass production of its first-generation semi-solid-state battery by November, aiming to supply BMW's next-generation MINI models [3][8]. Group 2: International Innovations - QuantumScape demonstrated its solid-state lithium-metal battery in an electric motorcycle at the Munich Auto Show, achieving an energy density of 844Wh/L and fast charging capabilities [11]. - Rimac showcased a next-generation solid-state battery that can charge from 10% to 80% in just 6.5 minutes, even in low temperatures, while being significantly lighter than current mainstream batteries [12]. - Mercedes-Benz's solid-state battery in the EQS test vehicle achieved a real-world range of 1205 kilometers, surpassing the lithium-ion version's range of approximately 774 kilometers [14]. Group 3: Equipment and Manufacturing Advances - Various companies are developing flexible production equipment that can accommodate both solid-state and liquid batteries, enhancing production efficiency and reducing costs [16][18][26]. - Li Yuan Heng has delivered its first complete line for sulfide solid-state batteries, marking a significant breakthrough in solid-state battery manufacturing [21]. - Nako Nor's dry film forming technology significantly reduces energy consumption and costs while improving the density of battery electrodes [25][26].

Company Overview - Shanghai Xianhui Automation Technology Co., Ltd. was established on March 28, 2007, and went public on August 11, 2020. The company specializes in the research, production, and sales of various intelligent manufacturing equipment [2] - The main business revenue composition includes: 63.35% from precision structural components for new energy power batteries, 34.90% from intelligent automation equipment for new energy vehicles, 1.02% from other sources, 0.58% from industrial manufacturing data systems, and 0.15% from intelligent automation equipment for fuel vehicles [2] - The company belongs to the Shenwan industry category of electric power equipment - battery - lithium battery special equipment, and is associated with concepts such as solid-state batteries, CATL concept, lithium batteries, energy storage, and new energy vehicles [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.273 billion yuan, representing a year-on-year growth of 8.59%, and a net profit attributable to the parent company of 152 million yuan, with a year-on-year increase of 17.44% [2] - Since its A-share listing, the company has distributed a total of 132 million yuan in dividends, with 102 million yuan distributed in the last three years [3] Stock Performance - As of September 16, the company's stock price decreased by 2.01% to 73.29 yuan per share, with a total market capitalization of 9.196 billion yuan [1] - Year-to-date, the stock price has increased by 94.71%, with a decline of 7.17% over the last five trading days, a rise of 24.49% over the last 20 days, and a 35.72% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on July 22, where it recorded a net purchase of 172 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders was 9,684, a decrease of 0.72% from the previous period, while the average circulating shares per person increased by 0.72% to 12,913 shares [2][3] - Notably, the fund "Bosera Military Industry Theme Stock A" (004698) has exited the top ten circulating shareholders list [3]

证券代码：688155 证券简称：先惠技术 公告编号：2025-054 上海先惠自动化技术股份有限公司 2025年第四次临时股东会决议公告 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 （一） 股东会召开的时间：2025 年 9 月 15 日 | 1、出席会议的股东和代理人人数 | 117 | | --- | --- | | 普通股股东人数 | 117 | | 2、出席会议的股东所持有的表决权数量 | 69,493,905 | | 普通股股东所持有表决权数量 | 69,493,905 | | 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 | 55.3827 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 55.3827 | （四） 表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 本次股东会采用现场投票和网络投票相结合的方式召开，会议由公司董事长 潘延庆先生主持，本次会议的召集、召开及表 ...

关于上海先惠自动化技术股份有限公司 2025 年第四次临时股东会的法律意见书 致：上海先惠自动化技术股份有限公司 上海市广发律师事务所 上海先惠自动化技术股份有限公司（以下简称"公司"）2025 年第四次临 时股东会于 2025 年 9 月 15 日 14 点 00 分在上海市松江区文翔路 6201 号小昆山 镇社区文化中心三楼 315 会议室召开。上海市广发律师事务所经公司聘请，委派 朱萱律师、陈蕾律师出席现场会议，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"） 等法律法规、其他规范性文件以及《上海先惠自动化技术股份有限公司章程》（以 下简称"《公司章程》"）的规定，就本次股东会的召集和召开程序、召集人及 出席会议人员的资格、会议议案、表决方式和表决程序、表决结果和会议决议等 出具本法律意见书。 为出具本法律意见书，本所律师对本次股东会所涉及的有关事项进行了审 查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 公司已向本所保证和承诺，公司向本所律师所提供的文件和所作的陈述和说 明是完整的、真实的和有效的，有关原件及其上面的签字和印章 ...

Company Overview - Shanghai Xianhui Automation Technology Co., Ltd. was established on March 28, 2007, and went public on August 11, 2020. The company specializes in the research, production, and sales of various intelligent manufacturing equipment [2] - The main business revenue composition includes: 63.35% from precision structural components for new energy power batteries, 34.90% from intelligent automation equipment for new energy vehicles, 1.02% from other sources, 0.58% from industrial manufacturing data systems, and 0.15% from intelligent automation equipment for fuel vehicles [2] - The company is classified under the Shenwan industry as electric power equipment - battery - lithium battery special equipment, and is associated with concepts such as solid-state batteries, CATL concept, lithium batteries, energy storage, and new energy vehicles [2] Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.273 billion yuan, representing a year-on-year growth of 8.59%, and a net profit attributable to the parent company of 152 million yuan, with a year-on-year increase of 17.44% [2] - Since its A-share listing, the company has distributed a total of 132 million yuan in dividends, with 102 million yuan distributed over the past three years [3] Stock Performance - As of September 15, the company's stock price decreased by 2.07% to 75.33 yuan per share, with a total market capitalization of 9.452 billion yuan [1] - Year-to-date, the stock price has increased by 100.13%, with a 0.71% increase over the last five trading days, a 30.22% increase over the last 20 days, and a 52.86% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on July 22, where it recorded a net purchase of 172 million yuan [1]

Core Insights - Xianhui Technology and Qingtai Energy have officially signed an agreement to establish a "Joint Laboratory for Advanced Solid-State Battery Process Equipment" [1] - The collaboration aims to integrate both companies' resources to accelerate the industrialization process of solid-state battery technology [1] Company Summary - Xianhui Technology is focusing on solid-state battery technology and has partnered with Qingtai Energy to enhance its capabilities [1] - Qingtai Energy is collaborating with Xianhui Technology to leverage combined strengths in the battery technology sector [1] Industry Summary - The establishment of the joint laboratory signifies a strategic move towards advancing solid-state battery technology, which is critical for the future of energy storage solutions [1] - The partnership reflects a growing trend in the industry to consolidate resources and expertise to expedite technological advancements in battery production [1]

东兴证券股份有限公司 关于上海先惠自动化技术股份有限公司 2025年半年度持续督导跟踪报告 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》《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,东兴证券股份有限公司(以下简称"东兴证券"或"保荐机 构")作为上海先惠自动化技术股份有限公司(以下简称"先惠技术"、"公司" 或"发行人"）2022年度向特定对象发行 A 股股票的保荐机构,负责对先惠技 术进行持续督导,并出具本持续督导半年度跟踪报告。 | | 工作内容 | 持续督导情况 | | --- | --- | --- | | | | 保荐机构已建立健全并有效执行 | | 1 | 建立健全并有效执行持续督导工作制度,并针对 | 了持续督导制度,已根据公司的 | | | 具体的持续督导工作制定相应的工作计划。 | 具体情况制定了相应的工作计 | | | | 划。 | | | 根据中国证监会相关规定,在持续督导工作开始 | 保荐机构已与公司签署持续督导 | | 2 | 前,与上市公司或相关当事人签署持续督导协议, | 协议,协议明确了双方在持续督 | ...

Core Viewpoint - Xianhui Technology has successfully received a notification from a leading global battery company to build a battery production line project in Hungary, highlighting its strong technical capabilities and market reputation since entering the European market in 2017 [2]. Group 1: Company Performance - In the first half of 2025, Xianhui Technology achieved an operating revenue of 1.273 billion yuan and a net profit attributable to shareholders of 152 million yuan, representing a year-on-year growth of 17.44% [2]. - The net profit after deducting non-recurring gains and losses was 144 million yuan, with a year-on-year increase of 21.04% [2]. Group 2: Strategic Partnerships - Xianhui Technology has formed a strategic partnership with leading solid-state battery company Qingtai Energy, signing a joint research and development agreement for core equipment of all-solid-state batteries [2]. - In August 2025, both companies signed a comprehensive cooperation agreement to establish an "Advanced Process R&D Institution for Solid-State Batteries," focusing on addressing core industry challenges and promoting the industrialization of solid-state and semi-solid-state batteries [3]. Group 3: Market Opportunities - Europe is identified as a core market for new energy with significant potential and relatively low current development levels, prompting the company to continue expanding its business in this region [2]. - The company aims to leverage technological innovation to explore more growth opportunities in the European market [2].