株洲欧科亿数控精密刀具股份有限公司 简式权益变动报告书 1 证券代码：688308 股票简称：欧科亿 株洲欧科亿数控精密刀具股份有限公司 简式权益变动报告书 上市公司名称：株洲欧科亿数控精密刀具股份有限公司 股票上市地：上海证券交易所 股票简称：欧科亿 股票代码：688308 信息披露义务人：乐清市德汇股权投资合伙企业（有限合伙） 住所：浙江省温州市乐清市芙蓉镇工业区 通讯地址：浙江省温州市乐清市芙蓉镇工业区 股份变动性质：股份减少 签署日期：2026 年 4 月 株洲欧科亿数控精密刀具股份有限公司 简式权益变动报告书 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》（简称"公司法"）、 《中华人民共和国证券法》（简称"证券法"）、《上市公司收购管理办法》（简 称"收购管理办法"）、《公开发行证券公司信息披露内容与格式准则第 15 号— —权益变动报告书》（简称"准则 15 号"）等相关法律法规编制本权益变动报告 书。 二、信息披露义务人签署本报告已获得必要的授权和批准，其履行亦不违反信 息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《公司法》《证券法》《收购管理办法》《准 ...

证券代码：688308 证券简称：欧科亿 公告编号：2026-007 株洲欧科亿数控精密刀具股份有限公司 关于股东权益变动触及 1%、5%刻度及披露简式权益 变动报告书暨减持股份结果公告 本公司董事会、全体董事及相关股东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。 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： 股东持有的基本情况 本次减持计划实施前，株洲欧科亿数控精密刀具股份有限公司（以下简称"公 司"）股东乐清市德汇股权投资合伙企业（有限合伙）（以下简称"乐清德汇"） 减持持有公司股份 9,374,121 股，占公司股份总数的 5.90%。上述股份为公司首 次公开发行前取得股份（含上市后资本公积金转增股本取得的股份）,均为无限 售条件流通股。 减持计划的实施结果情况 2026 年 2 月 12 日，公司在上海证券交易所网站（www.sse.com.cn）披露《关 于股东减持计划的公告》，公司股东乐清德汇因自身资金需求拟通过集中竞价方 式减持其所持有的公司股份合计不超过 1,580,000 股，即不超过 ...

[Table_Page] 公告点评|通用设备 证券研究报告 [Table_Title] 欧科亿（688308.SH） 如何看待周期向上的强度和持续性 [Table_Summary] 核心观点： 盈利预测： | [Table_ 单位 Finance] :人民币百万元 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入 | 1,026 | 1,127 | 1,446 | 2,516 | 3,458 | | ） 增长率（ % | -2.7% | 9.8% | 28.3% | 74.0% | 37.5% | | EBITDA | 274 | 200 | 296 | 795 | 968 | | 归母净利润 | 166 | 57 | 103 | 558 | 710 | | 增长率（ % ） | -31.4% | -65.5% | 80.5% | 440.0% | 27.1% | | EPS（元/股） | 1.05 | 0.36 | 0.65 | 3.52 | 4.47 | | 市盈率（P/E） | 2 ...

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, focusing on opportunities in the helium and tungsten alloy supply chains due to supply contraction [1]. Core Insights - The report highlights the impact of ongoing conflicts in the Middle East on helium supply, leading to price increases in domestic markets. The average price of high-purity helium has risen by 8.15% month-on-month as of March 27, reaching 89.3 CNY per cubic meter [6]. - Tungsten prices are being reassessed due to tight supply and resilient demand in sectors like aerospace and military. The report suggests that rising tungsten prices may accelerate industry consolidation, benefiting larger firms with cost advantages [6]. - The report emphasizes the potential for a new recovery cycle in the equipment industry, driven by monetary and fiscal policies, and suggests focusing on companies involved in AI PCB equipment, AIDC devices, and industrial gases [6]. Summary by Sections Industry and Company Investment Views - Newray Co., Ltd. plans to acquire HuiLian Electronics to enter the PCB drill needle market, enhancing its product line and positioning in high-growth sectors driven by AI [19][20]. - The report discusses the acceleration of satellite network construction in China, highlighting the strategic importance of commercial space and rocket launch capabilities [23][24]. - Liugong, a leader in the engineering machinery sector, is undergoing reforms to enhance operational vitality and aims for 60 billion CNY in revenue by 2030, with a focus on internationalization and smart solutions [27][28]. Key Data Tracking - The mechanical industry has seen a significant decline of 12.8% in the past month, with various sub-sectors experiencing different levels of performance [10][11]. - The report tracks macroeconomic indicators, including manufacturing PMI and fixed asset investment growth, which are crucial for understanding industry trends [32][33].

机床刀具研究：刀具的进击时刻 20260329 摘要 欧科亿 26Q1 业绩超预期，利润环比 25Q4 大幅增长，同比增幅超 20 倍，主因 25Q4 订单交付且价格传导顺畅，收入同比约翻倍。 预计 26Q2 业绩环比持续向好，受益于 Q1 高价新订单确认、无春节假 期影响、产能利用率提升及 25Q2 极低基数效应。 刀具板块呈现高景气共振，华锐精密、新锐 26Q1 业绩预期乐观；华锐 精密目前市场预期较低，存在显著预期差。 钨价自 25 年起累计涨幅超 6 倍，刀具提价空间仍存；下游成本占比仅 1%-2%且废料回收价同步上涨，价格传导阻力较小。 海外品牌供给收缩，日系品牌 4 月起对华供货将极度紧张，欧系品牌频 繁涨价，为国产品牌提价与国产替代腾挪空间。 低价原材料库存增值巨大，欧科亿、新锐 26 年利润有望达 8-10 亿元， 对应 20 倍 PE 下市值空间看至 160-200 亿元。 企业积极布局第二增长曲线：华锐精密涉足钨矿回收，新锐布局 PCB 钻 针，欧科亿预期开展横向外延布局。 Q&A 欧科亿 2026 年第一季度业绩预告的核心数据如何，市场对此有何反应，以及 该业绩表现反映了怎样的经营质量？ ...

证 券 研 究 报 告 机械行业周报（20260323-20260329） 推荐（维持） 关注供给收缩下氦气及钨合金产业链机会 重点公司盈利预测、估值及投资评级 | | | | | EPS（元） | | | PE（倍） | | PB（倍） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 简称 | 代码 | 股价（元） | 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | 2025E | 评级 | | 汇川技术 | 300124.SZ | 68.54 | 2.11 | 2.54 | 3.00 | 32.51 | 27.02 | 22.86 | 5.70 | 强推 | | 法兰泰克 | 603966.SH | 12.08 | 0.60 | 0.77 | 0.94 | 20.15 | 15.79 | 12.81 | 2.74 | 强推 | | 信捷电气 | 603416.SH | 49.17 | 1.83 | 2.30 | 2.78 | 26.83 | 21.40 | 1 ...

Core Viewpoint - The A-share market is experiencing a positive trend in Q1 2026 earnings forecasts, with a significant majority of companies reporting expected profit increases, indicating overall market optimism [1]. Group 1: Earnings Forecasts - As of March 29, 2026, 18 companies have disclosed their Q1 earnings forecasts, with 88.89% expecting profit increases, including 10 companies forecasting substantial growth, 5 slight increases, and 1 company turning a loss into profit [1]. - The sectors showing the highest growth are machinery, pharmaceuticals, and basic chemicals, driven by both volume and price increases [1]. Group 2: Notable Companies - Oukeyi is expected to report a net profit of 180 million to 220 million yuan, representing a year-on-year increase of 2248.9% to 2770.9%, primarily due to the rise in hard alloy tool prices and a low base effect from the previous year [1]. - Fuxiang Pharmaceutical forecasts a net profit of 52 million to 75 million yuan, with a year-on-year growth of 2222.67% to 3250.01%, benefiting from the booming demand in the new energy sector [2]. - Kuncai Technology is projected to achieve a net profit of 60 million to 80 million yuan, marking a year-on-year increase of 151.56% to 235.41%, driven by the recovery in titanium dioxide prices [2]. Group 3: Growth Drivers - Wanbangde is expected to report a net profit of 165 million yuan, reflecting a year-on-year increase of 985.4%, attributed to its strategic shift from generic to innovative drugs and increased R&D investment [3]. - Gude Electric Materials anticipates a revenue growth of 41.41% to 53.89%, with a net profit forecast of 48 million to 51 million yuan, driven by successful expansion into copper-aluminum composite materials [3]. Group 4: Other Notable Performances - Aolaide expects a net profit of 70 million to 85 million yuan, with a year-on-year growth of 175.2% to 234.17%, due to its competitive advantage in evaporator equipment [4]. - Tianshan Aluminum is projected to achieve a net profit of 2.2 billion yuan, a year-on-year increase of 107.92%, benefiting from the capacity release of its green low-carbon aluminum project [4].

Core Viewpoint - Tianshan Aluminum is expected to achieve a net profit of 2.2 billion yuan in Q1 2026, representing a year-on-year increase of 107.92% [1] Group 1: General Performance Trends - The performance increase of Tianshan Aluminum reflects a broader trend among A-share companies, with many forecasting significant profit growth for Q1 2026 [2][3] - As of the report, 17 A-share companies have disclosed their Q1 2026 performance forecasts, with several, including Okoyi and Fuxiang Pharmaceutical, expecting net profit growth exceeding 100% [4] Group 2: Specific Company Forecasts - Okoyi anticipates a net profit of 180 million to 220 million yuan for Q1 2026, with a year-on-year growth rate of 2248.9% to 2770.9% [4] - Fuxiang Pharmaceutical expects a net profit of 52 million to 75 million yuan, marking a growth of 2222.67% to 3250.01% compared to the previous year [4] - Wanbang expects a net profit of 165 million yuan, reflecting a growth of 985.40% year-on-year [5] - Fuliwang forecasts a net profit of 40 million to 50 million yuan, with a growth rate of 183.84% to 254.81% [5] Group 3: Reasons for Performance Increases - The reasons for the expected profit increases vary by company, including improved industry conditions, new growth points, and low comparison bases from the previous year [6] - Okoyi cites rising raw material costs and increased production capacity as key factors for its growth [7] - Fuxiang Pharmaceutical benefits from the growing demand in the new energy sector, particularly in lithium battery materials [7] - Wanbang's transition from generic to innovative drugs has started to yield positive results, contributing to its performance [7] - Fuliwang attributes its growth to increased revenue from its 3C consumer electronics business and improved operational efficiency [8] - Tianshan Aluminum reports a 10% increase in aluminum production and a 17% rise in sales prices, alongside effective cost control [8]

1、经财务部门初步测算，预计 2026 年第一季度实现归属于母公司所有者 的净利润为 18,000 万元至 22,000 万元，与上年同期相比，将增加 17,233.68 万元至 21,233.68 万元。 证券代码：688308 证券简称：欧科亿 公告编号：2026-006 株洲欧科亿数控精密刀具股份有限公司 2026 年第一季度业绩预告的自愿性披露公告 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。 一、本期业绩预告情况 （一）业绩预告期间 2026 年 1 月 1 日至 2026 年 3 月 31 日。 （二）业绩预告情况 四、风险提示 本次业绩预告是公司财务部门基于自身专业判断进行的初步核算，未经注册 会计师审计。公司尚未发现影响本次业绩预告内容准确性的重大不确定因素。 五、其他说明事项 以上预告数据仅为初步核算数据，具体准确的财务数据以公司正式披露的 2026 年第一季度报告为准，敬请广大投资者注意投资风险。 特此公告 2、预计 2026 年第一季度实现归属于母公司所有者的扣除非经常性损益的 净利润为 17,500 ...

Investment Rating - The report maintains a "Buy" rating for the machinery industry [1] Core Insights - The machinery industry continues to underperform compared to the market, with a notable decline of 6.3% this week, while the Shanghai Composite Index fell by 2.2% [3][8] - The solar processing equipment sector shows positive performance, with a 1.7% increase, while other sectors like abrasives and metal products experienced significant declines [3][8] - The overall machinery industry has seen a 1.4% increase year-to-date, with laser equipment and solar processing equipment leading the gains at 39.7% and 32.9% respectively [9] Summary by Sections Market Review - The machinery industry has underperformed the market, with specific sectors like solar processing equipment and semiconductor equipment showing resilience [3][8] - Year-to-date performance indicates a mixed outlook, with some sectors experiencing substantial growth while others lag behind [9] Robotics Sector - Yushu Technology's IPO has been accepted, which is expected to accelerate the commercialization of humanoid robots in China [4] - The company reported a revenue of 1.17 billion yuan for the first three quarters of 2025, with humanoid robots contributing significantly to its income [4] - The anticipated mass production of Tesla's Optimus V3 robot is expected to drive growth in the humanoid robot market [4] Solar Processing Equipment - SpaceX has initiated equipment procurement, indicating a strong demand for solar processing equipment [5] - The expansion of solar capacity by Tesla and SpaceX is expected to benefit the solar processing equipment sector significantly [5] Investment Recommendations - The report suggests focusing on the robotics sector, particularly companies like Hengli Hydraulic and Green Harmonic, due to the expected surge in demand for core components [6][28] - The solar processing equipment sector is also highlighted, with companies like Aotewi and leading manufacturers of TOPCon and heterojunction battery equipment recommended for investment [6][28]