Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [4][8]. Core Views - The company is recognized as a national-level specialized "little giant" focusing on laser processing control technology, with a strong commitment to automation and intelligent development in advanced manufacturing [18]. - The company is expected to benefit from both industrial and consumer applications, with significant growth potential in the consumer market driven by trends such as DIY culture and 3D printing [7][10]. - The planned acquisition of a 55% stake in Samit Optoelectronics is anticipated to create synergistic effects, enhancing the company's market position and operational efficiency [10][8]. Financial Summary - The company’s total revenue is projected to grow from 2.12 billion yuan in 2024 to 4.55 billion yuan in 2027, with a compound annual growth rate (CAGR) of 31.5% [2]. - The net profit attributable to the parent company is expected to increase from 304.95 million yuan in 2024 to 830 million yuan in 2027, reflecting a CAGR of 35.8% [2]. - The earnings per share (EPS) is forecasted to rise from 0.30 yuan in 2024 to 0.81 yuan in 2027 [2]. Industry Insights - The laser processing control system market is experiencing robust growth, driven by the increasing demand for precision in various sectors such as consumer electronics, new energy, and semiconductors [10][36]. - The consumer-grade application market is poised for explosive growth, with the company actively developing products to capture this emerging demand [10][41]. - The company is positioned to leverage the ongoing shift towards domestic alternatives in high-precision components, enhancing its competitive edge in the laser processing industry [10][37]. Acquisition Strategy - The company plans to acquire a 55% stake in Samit Optoelectronics, which is expected to enhance its product offerings and customer resources, creating significant synergies [10][8]. - This acquisition aligns with the company's strategy to strengthen its position in the optical control sector and expand its market reach [10][8]. Valuation Metrics - The current price-to-earnings (PE) ratios for 2025-2027 are projected at 79, 60, and 44, respectively, which are below the average PE ratios of comparable companies [8]. - The company’s valuation reflects its status as a "little giant" in the domestic laser control field, with expectations of sustained revenue and profit growth [8].

Core Viewpoint - The stock of Beijing Jin Chengzi Technology Co., Ltd. has shown significant volatility and growth in 2023, with a year-to-date increase of 88.71% and notable trading activity, indicating investor interest and market dynamics [2][3]. Group 1: Stock Performance - As of September 16, Jin Chengzi's stock price rose by 2.06% to 36.15 CNY per share, with a total market capitalization of 3.711 billion CNY [1]. - The stock has experienced a 3.34% increase over the last five trading days, a 7.87% decrease over the last 20 days, and a 61.38% increase over the last 60 days [2]. - The company has appeared on the "龙虎榜" (a stock trading leaderboard) 11 times this year, with the most recent appearance on August 14, where it recorded a net buy of -82.1551 million CNY [2]. Group 2: Financial Performance - For the first half of 2025, Jin Chengzi reported a revenue of 133 million CNY, reflecting a year-on-year growth of 21.56%, and a net profit attributable to shareholders of 27.7016 million CNY, which is a 64.58% increase [3]. - Since its A-share listing, the company has distributed a total of 37.3085 million CNY in dividends [4]. Group 3: Shareholder and Institutional Holdings - As of September 10, the number of shareholders decreased by 1.28% to 6,878, while the average number of circulating shares per person increased by 1.29% to 4,894 shares [3]. - As of June 30, 2025, the largest circulating shareholder is Guangfa Technology Innovation Mixed A, holding 2.2302 million shares, followed by other new institutional shareholders [4]. Group 4: Business Overview - Jin Chengzi, established on January 14, 2004, specializes in the research and sales of motion control systems for laser processing equipment, providing comprehensive solutions and technical services for various laser processing scenarios [2]. - The company's main revenue sources include laser processing control systems (69.95%), laser system integration hardware (20.27%), and laser precision processing equipment (8.95%) [2].

证券代码：688291 证券简称：金橙子 北京金橙子科技股份有限公司 2025 年第二次临时股东会会议资料 北京金橙子科技股份有限公司 北京金橙子科技股份有限公司 2025 年第二次临时股东会会议资料 2025 年 9 月 北京金橙子科技股份有限公司 2025 年第二次临时股东会会议资料 北京金橙子科技股份有限公司 2025 年第二次临时股东会会议资料目录 | 2025 | 年第二次临时股东会参会须知 2 | | --- | --- | | 2025 | 年第二次临时股东会会议议程 4 | | 2025 | 年第二次临时股东会会议议案 6 | | | 议案一：关于 2025 年半年度利润分配方案的议案 6 | 1 2025 年第二次临时股东会参会须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会议的顺 利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会 规则》以及《北京金橙子科技股份有限公司章程》等相关规定，北京金橙子科技股份有 限公司（以下简称"公司"）特制定 2025 年第二次临时股东会参会须知。 一、为保证股东会的严肃性和正常秩序，切实维护与会股东（或股东 ...

国投证券股份有限公司 关于北京金橙子科技股份有限公司 2025 年半年度持续督导跟踪报告 国投证券股份有限公司（以下简称"国投证券"或"保荐机构"）作为北京 金橙子科技股份有限公司（以下简称"金橙子"或"公司"）首次公开发行股票 并在科创板上市及持续督导的保荐机构，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》等相关规定，就金橙子 2025 年半年度（以下简称"本 持续督导期"）持续督导跟踪情况报告如下： | 序号 | 工作内容 | 实施情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并 | 保荐机构已建立健全并有效执行了 | | | 针对具体的持续督导工作制定相应的工作 | 持续督导制度，并制定了相应的工作 | | | 计划。 | 计划。 | | 2 | 根据中国证监会相关规定，在持续督导工作 | | | | 开始前，与上市公司或相关当事人签署持续 | 保荐机构已与金橙子签订《保荐协 | | | 督导协议，明确双方在持续督导期间的权利 | 议》，该协议明确了双方在持续 ...

Investment Rating - The report maintains a "Buy" rating for the company [10]. Core Viewpoints - The company is a leader in the domestic laser galvanometer control system market, with a diverse range of applications including marking, cutting, and welding, and has established strong partnerships with over a thousand downstream customers [2][18]. - The company's performance significantly improved in the first half of 2025, with revenue and net profit reaching 133 million yuan and 28 million yuan, respectively, representing year-on-year growth of 21.56% and 64.58% [6][41]. - The company is expanding its product offerings by acquiring Samit to enter the fast-response mirror market and is also focusing on 3D printing to enhance long-term growth potential [6][8]. Summary by Sections Company Overview - The company has over 20 years of experience in the laser processing control system field and maintains a market share leadership in the laser galvanometer control system segment, with approximately 70% of its revenue coming from this core business [6][18]. - The company has a comprehensive product system that includes laser processing control systems, system integration hardware, and precision laser processing equipment, which are essential for various industrial applications [21][22]. Market Dynamics - The demand for laser equipment is growing rapidly due to the transformation and upgrading of the manufacturing industry, with laser processing technology becoming a key choice for industrial applications due to its high precision and low energy consumption [7][49]. - The company is well-positioned to benefit from the increasing demand for high-precision and flexible processing solutions, particularly in the 3C application sector and emerging fields such as new energy materials and semiconductor manufacturing [7][54]. Financial Performance - The company's revenue has shown a compound annual growth rate (CAGR) of 42.81% from 2018 to 2021, with revenue increasing from 70 million yuan to 203 million yuan [41]. - In the first half of 2025, the company achieved a gross profit margin of 59.3% and a net profit margin of 20.7%, indicating a recovery in profitability [43][41]. Strategic Initiatives - The company is actively expanding its business both horizontally and vertically, enhancing its competitive edge in high-end optical control through strategic acquisitions and product development [8][37]. - The company has implemented a stock incentive plan to motivate key personnel and support sustainable growth [39].

Core Points - The announcement details a change in the name and other business information of a significant shareholder of Beijing Jinchengzi Technology Co., Ltd. [1] - The shareholder, previously known as Suzhou Keruizi Technology Development Center (Limited Partnership), has changed its name to Nanjing Keruizi Venture Capital Partnership (Limited Partnership) [1] - The change in business registration does not affect the shareholder's stake in the company and will not impact the company's operations or control structure [1] Summary by Sections - **Shareholder Information** - The significant shareholder's new name is Nanjing Keruizi Venture Capital Partnership (Limited Partnership) [1] - The unified social credit code for the new entity is 91110106MA003E9RXG [1] - The registered capital of the partnership is 30 million RMB [1] - **Business Operations** - The partnership was established on January 26, 2016 [1] - The business scope includes venture capital investment limited to unlisted companies [1] - The change in registration does not require any approval for the business activities [1]

公司名称：南京可瑞资创业投资合伙企业（有限合伙） 统一社会信用代码：91110106MA003E9RXG 公司类型：有限合伙企业 成立日期：2016 年 1 月 26 日 证券代码：688291 证券简称：金橙子 公告编号：2025-045 北京金橙子科技股份有限公司 关于控股股东的一致行动人、持股 5%以上股东变更名 称及其他工商信息的公告 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。 北京金橙子科技股份有限公司（以下简称"公司"）近日收到公司控股股东 的一致行动人、持股 5%以上股东苏州可瑞资科技发展中心（有限合伙）的通知， 其于近日完成名称及其他工商信息变更手续，并领取了新的营业执照，其名称由 "苏州可瑞资科技发展中心（有限合伙）"变更为"南京可瑞资创业投资合伙企 业（有限合伙）"，变更后的工商登记信息如下： 住所：江苏省南京市溧水区和凤镇凤西路 148 号 310 室 经营范围：一般项目：创业投资（限投资未上市企业）（除依法须经批准的 项目外，凭营业执照依法自主开展经营活动） 上述工商登记信息变更不涉及该股东持有 ...

Group 1 - The company plans to acquire 55.00% equity of Changchun Samit Optoelectronics Technology Co., Ltd. through a combination of issuing shares and cash payment, along with raising supporting funds [2] - The valuation and transaction price of the target assets have not yet been determined, and the transaction is not expected to constitute a major asset restructuring as defined by relevant regulations [2] - The company's stock was suspended from trading on July 31, 2025, for a period not exceeding 10 trading days to ensure fair information disclosure and protect investor interests [3] Group 2 - On August 12, 2025, the company held a board meeting and approved the proposal for the acquisition and fundraising plan, with the stock resuming trading on August 13, 2025 [4] - The company is actively advancing the related work for the transaction, including audits and evaluations, and will fulfill subsequent review procedures and disclosure obligations as per legal regulations [4]

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、本次交易的基本情况 北京金橙子科技股份有限公司（以下简称"公司"）拟通过发行股份及支付 现金的方式购买长春萨米特光电科技有限公司（以下简称"萨米特"）的 55.00% 股权并募集配套资金（以下简称"本次交易"）。本次交易完成后，公司将直接 持有萨米特 55.00%股权。 本次交易标的资产的估值及交易价格尚未确定，本次交易预计不构成《上市 公司重大资产重组管理办法》规定的重大资产重组，不构成关联交易，不构成重 组上市。 二、本次交易的进展情况 证券代码：688291 证券简称：金橙子 公告编号：2025-044 北京金橙子科技股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 事项的进展公告 本次交易尚需提交公司董事会再次审议及公司股东会审议批准，并需经有权 监管机构批准、核准或同意注册后方可正式实施，能否通过上述审批、核准或注 册尚存在不确定性。公司于 2025 年 8 月 13 日披露的《北京金橙子科技股份有限 公司发行股份及支付现金购买资产并募集配套资金预案》 ...

交银先进制造混合A（519704）基金经理为刘鹏。 截至发稿，刘鹏累计任职时间7年106天，现任基金资产总规模91.25亿元，任职期间最佳基金回报 197.31%， 任职期间最差基金回报-5.54%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，北京金橙子科技股份有限公司位于北京市顺义区民泰路13号院22号楼，成立日期2004年1月 14日，上市日期2022年10月26日，公司主营业务涉及激光加工设备运动控制系统的研发与销售，为不同 激光加工场景提供综合解决方案和技术服务。主营业务收入构成为：激光加工控制系统69.95%，激光 系统集成硬件20.27%，激光精密加工设备8.95%，其他(补充)0.83%。 从金橙子十大流通股东角度 数据显示，交银施罗德基金旗下1只基金位居金橙子十大流通股东。交银先进制造混合A（519704）二 季度新进十大流通股东，持有股数47.33万股，占流通股的比例为1.41%。根据测算，今日浮亏损失约 89.45万元。 9月9日，金橙 ...