北京金诚同达（西安）律师事务所 关于 西安铂力特增材技术股份有限公司 2020 年限制性股票激励计划之授予价格和数量调整、 首次授予部分第四个归属期及预留部分第三个归属 期归属条件成就并作废部分限制性股票事项的 法律意见书 （2025）JTN(XA)意字第 FY0813206 号 陕西省西安市高新区锦业路 12 号迈科商业中心 25 层 710065 电话：029-8112 9966 传真：029-8112 1166 北京金诚同达（西安）律师事务所 法律意见书 北京金诚同达（西安）律师事务所 关于 西安铂力特增材技术股份有限公司 2020 年限制性股票激励计划之授予价格和数量调整、 首次授予部分第四个归属期及预留部分第三个归属 期归属条件成就并作废部分限制性股票事项的 法律意见书 （2025）JTN(XA)意字第 FY0813206 号 致：西安铂力特增材技术股份有限公司 北京金诚同达（西安）律师事务所（以下简称"本所"）接受西安铂力特增材 技术股份有限公司（以下简称"铂力特""公司"）委托，担任公司实施 2020 年限 制性股票激励计划（以下简称"本次股权激励计划"）的专项法律顾问，并根据 《中华人民共和国 ...

Investment Rating - The report rates the military industry as "Overweight" [5] Core Views - The military industry is expected to perform well in the long term due to increasing great power competition and rising defense expenditures [9][20] - Recent developments include the joint naval exercises between China and Russia, and the U.S. building a counter-drone defense system [8][20] - The report highlights the restructuring of China's aviation supply chain and the importance of domestic production capabilities in the aerospace sector [22][23] Summary by Sections Investment Highlights - Recommended stocks include: 1) Assembly: AVIC Shenyang Aircraft (600760.SH), AVIC Xi'an Aircraft (000768.SZ), AVIC South Lake (688552.SH) 2) Components: AVIC Optoelectronics (002179.SZ), Guobang Electronics (603678.SH), Ruichuang Micro-Nano (688002.SH) 3) Subsystems: AVIC Aircraft (600372.SH), North Navigation (600435.SH) 4) Materials and Processing: Feilihua (300395.SZ), Guangwei Composite (300699.SZ), Huayin Technology (688281.SH) [5][9][10] Market Performance - The defense military index rose by 5.24% from August 4 to August 8, outperforming the Shanghai Composite Index by 3.13 percentage points [11][12] - The military industry ranked 3rd out of 29 sectors during this period [12] Major News in the Military Industry - The joint naval exercises "Maritime Joint-2025" between China and Russia included real combat training and operational coordination [20][21] - The U.S. is developing a counter-drone defense system, with Ukraine being a testing ground for various technologies [8][9] - Japan is expanding its military influence through participation in multinational exercises, indicating a shift in its defense posture [28][30]

Core Viewpoint - The article emphasizes the importance of the "dual carbon" goals and sustainable development, highlighting how the manufacturing industry, particularly through companies like Platinum Technology, is actively pursuing green transformation and implementing ESG principles to drive future growth and value [1]. Environmental Aspects: Green and Low-Carbon Initiatives - Platinum Technology focuses on green low-carbon and circular development, contributing to sustainable industrial growth [2]. - The company has innovated in green production by utilizing metal 3D printing technology, which significantly reduces harmful gas emissions and energy consumption compared to traditional manufacturing methods. The introduction of the BLT automated production line aims to create a closed-loop powder circulation system, reducing carbon emissions by 56.5% and up to 80% when combined with argon gas recovery [3]. - In product design and innovation, the company employs 3D printing for various components, enhancing efficiency and reducing resource consumption. The introduction of multi-laser systems has improved production speed and material utilization, while new raw materials have been developed for specific applications, further promoting green manufacturing [4]. - The application of metal 3D printing technology has expanded across various sectors, including footwear, bicycles, commercial aerospace, and robotics, achieving significant reductions in carbon emissions and material waste [5]. Social Responsibility: Corporate Commitment - Platinum Technology demonstrates a strong commitment to corporate social responsibility through talent development, with 398 training sessions conducted in 2024 to enhance employee skills and career growth [8]. - The company is actively involved in collaborative projects that promote economic growth and industry development, with significant investments in new facilities and production capabilities, including a projected annual powder production capacity of 3,000 tons [9]. - Support for education and research is evident through partnerships with universities, providing scholarships and funding for innovation competitions, thereby contributing to the advancement of education and research [10]. Corporate Governance: Strengthening Foundations - The company prioritizes research and development, with a 2024 R&D investment of approximately 211.3 million yuan, representing 15.94% of revenue. It has filed 646 patents, with 375 granted, showcasing its commitment to innovation [12]. - Data security and intellectual property protection are emphasized through comprehensive management systems and training programs aimed at enhancing employee awareness [13]. - Platinum Technology adheres to strict ethical standards and compliance measures, including anti-bribery policies and risk management frameworks, ensuring sustainable and responsible business operations [14].

金融界消息 截至2025年8月7日收盘，铂力特（688333）报收于67.02元，下跌0.19%，换手率3.95%，成 交量10.72万手，成交金额7.29亿元。 资金流向方面，今日主力资金净流入1466.01万元，占比成交额2.01%。其中，超大单净流入1232.54万 元、占成交额1.69%，大单净流入233.47万元、占成交额0.32%，中单净流出流出2260.63万元、占成交 额3.1%，小单净流入794.62万元、占成交额1.09%。 铂力特最新一期业绩显示，截至2025一季报，公司营业总收入2.27亿元、同比增长7.30%，归属净利润 1495.02万元，同比减少1661.37%，扣非净利润2701.60万元，同比减少89.99%，流动比率2.012、速动比 率1.479、资产负债率37.95%。 天眼查商业履历信息显示，西安铂力特增材技术股份有限公司，成立于2011年，位于西安市，是一家以 从事软件和信息技术服务业为主的企业。企业注册资本27176.8196万人民币，实缴资本6000万人民币。 公司法定代表人为薛蕾。 通过天眼查大数据分析，西安铂力特增材技术股份有限公司共对外投资了8家企业，参与 ...

Market Overview - The Shanghai Composite Index closed at 3617.60 points, above the six-month moving average, with an increase of 0.96% [1] - The total trading volume of A-shares reached 16158.21 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 153 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Cankin Technology (688182) with a deviation rate of 8.57% and a daily increase of 9.83% [1] - Plutotech (688333) with a deviation rate of 6.34% and a daily increase of 7.99% [1] - Fuling Electric Power (600452) with a deviation rate of 5.28% and a daily increase of 5.97% [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - New Hope (乖离率较小) [1] - China Resources Microelectronics (乖离率较小) [1] - South Glass A (乖离率较小) [1] Detailed Stock Performance - A detailed table lists various stocks, their daily price changes, turnover rates, six-month moving averages, latest prices, and deviation rates [1][2] - For example, ST Zhongzhuang (002822) had a daily increase of 4.91% with a deviation rate of 4.77% [1] - Another example is Datang Telecom (600198) with a daily increase of 5.54% and a deviation rate of 4.66% [1]

Market Overview - The Shanghai Composite Index closed at 3608.33 points, above the six-month moving average, with an increase of 0.70% [1] - The total trading volume of A-shares reached 1.29 trillion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 120 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Fuheng New Materials: 5.55% deviation, closing price at 15.15 yuan, with a daily increase of 6.77% and turnover rate of 13.58% [1] - Canqin Technology: 5.40% deviation, closing price at 27.66 yuan, with a daily increase of 6.59% and turnover rate of 3.17% [1] - Fuling Electric: 4.86% deviation, closing price at 9.90 yuan, with a daily increase of 5.54% and turnover rate of 5.43% [1] Additional Stocks with Minor Deviations - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Qianwei Yangchu: 3.10% deviation, closing price at 15.64 yuan, with a daily increase of 9.99% and turnover rate of 6.56% [1] - ST Zhongzhuang: 4.77% deviation, closing price at 3.63 yuan, with a daily increase of 4.91% and turnover rate of 2.79% [1] - Datang Telecom: 4.32% deviation, closing price at 8.93 yuan, with a daily increase of 5.18% and turnover rate of 4.64% [1]

Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board 100 Index (000698) has shown a slight increase of 0.28% as of August 5, 2025, with notable gains from individual stocks such as Borui Pharmaceutical (688166) up by 6.56% and Huaheng Biological (688639) up by 5.88% [3][4] - The Sci-Tech 100 Index ETF (588030) has reported a 1.74% increase over the past week, with a current price of 1.11 yuan and a trading volume of 1.14 billion yuan [3][4] - The ETF has experienced a significant growth in scale, increasing by 13.55 million yuan over the past year, ranking first among comparable funds [4] Group 2 - The Shanghai Municipal Government has issued measures to support enterprises in enhancing basic research, particularly in critical fields such as integrated circuits, biomedicine, and artificial intelligence [4] - According to CITIC Securities, mainstream and niche storage prices are expected to rise in Q3 2025, with a focus on recommending leading storage chip design companies [4] - The latest financing buy-in amount for the Sci-Tech 100 Index ETF reached 11.4961 million yuan, with a financing balance of 177 million yuan [4] Group 3 - The Sci-Tech 100 Index ETF has achieved a net value increase of 22.98% over the past six months, ranking in the top 9.90% among equity funds [5] - The ETF has a management fee rate of 0.15% and a custody fee rate of 0.05%, which are among the lowest in comparable funds [5] - The ETF closely tracks the Sci-Tech Innovation Board 100 Index, which consists of 100 securities selected for their market capitalization and liquidity [6]

Investment Rating - The report rates the military industry as "Overweight" [5][12]. Core Viewpoints - The intensification of great power competition is a long-term trend, indicating a positive long-term outlook for the military industry. Increased defense spending is essential to ensure peace and security, especially as tensions around China may escalate [2][8]. Summary by Sections Investment Highlights - Key investment themes include: 1. General Assembly: AVIC Shenyang Aircraft Corporation, Aerospace South Lake, AVIC Xi'an Aircraft Industry [11]. 2. Components: AVIC Optoelectronics, Aerospace Electric, Guobang Electronics, Ruichuang Micro-Nano [11]. 3. Subsystems: AVIC Onboard, North Navigation [11]. 4. Materials and Processing: AVIC Heavy Machinery, Feilihua, Guangwei Composite, Huayin Technology, Bolite, Western Materials, Aviation Materials [11]. Market Review - The military industry index rose by 1.22% from July 20 to July 25, underperforming the broader market by 0.45 percentage points, ranking 24th out of 29 sectors [13][16]. - The Shanghai Composite Index increased by 1.67%, and the ChiNext Index rose by 2.76% during the same period [13][16]. Major News in the Military Industry - The 155th joint patrol operation in the Mekong River concluded successfully, highlighting international cooperation in regional security [9][24]. - The China Weapon Industry Group showcased new unmanned and anti-unmanned combat systems, emphasizing advancements in military technology [23]. - The successful first flight of the Xinzhou 60 civil rescue aircraft marks a significant step in enhancing China's emergency response capabilities [23]. International Military Situation - The report notes a complex international military landscape, with various nations calling for an end to the Gaza conflict and highlighting the importance of defense construction amid ongoing tensions [10][25]. - The U.S. has increased its military presence in the Pacific, deploying additional submarines in response to perceived threats from China [10][30].

Core Viewpoint - The article emphasizes the significant advancements and future potential of China's industrial mother machine industry, driven by the rise of artificial intelligence, new energy vehicles, humanoid robots, and low-altitude economy, which present new opportunities for industrial development [1][4]. Group 1: Industry Overview - China's industrial mother machine industry has achieved substantial progress, maintaining the largest global scale for 13 consecutive years, with projected revenue exceeding 1.5 trillion yuan in 2024 [4]. - The industry has seen the emergence of over 1,000 specialized "little giant" enterprises and more than 30 manufacturing champions, with regional clusters forming in areas like Liaoning, Jiangsu, Zhejiang, Shaanxi, and Guangdong [4]. Group 2: Recent Developments - The "Industrial Mother Machine+" event held in Wuhan showcased new technologies and products from several listed companies, including Huazhong CNC and Huagong Technology, highlighting advancements in high-end industrial mother machines [1][5]. - Huazhong CNC introduced an intelligent CNC system that enhances machine learning and interaction capabilities, improving processing efficiency by approximately 10% [5]. - Huagong Technology launched a laser etching equipment capable of achieving processing efficiency 200% higher than similar foreign products, applicable across various industries [5]. Group 3: Challenges and Future Directions - Despite progress, China's industrial mother machine industry faces challenges in high-end markets and core technologies, with 70% of high-end CNC systems still reliant on imports [6][7]. - Experts suggest focusing on high-speed, high-precision, multi-axis integration, and intelligent upgrades over the next decade to address the "big but not strong" dilemma [9]. - The Ministry of Industry and Information Technology plans to accelerate the establishment of development mechanisms for the industrial mother machine sector, emphasizing the need for continuous innovation and collaboration [10][11].

Core Insights - The integration of artificial intelligence is expected to bring historic changes to the industrial mother machine sector, with a focus on intelligent CNC machine tools and high-quality production lines in the next decade [1][7] - China's industrial mother machine industry has maintained its position as the largest globally for 13 consecutive years, with projected revenue exceeding 1.5 trillion yuan in 2024 [3][6] - The "Industrial Mother Machine+" initiative aims to enhance the durability and usability of industrial mother machines, facilitating precise connections between supply and demand across various sectors [4][5] Industry Development - The industrial mother machine is a strategic and foundational industry crucial for national security and development, with over 1,000 specialized small and medium enterprises emerging in recent years [3][6] - The industry is experiencing a shift from digital manufacturing to intelligent manufacturing, with a strong emphasis on integrating new-generation intelligent CNC systems [7][8] Technological Advancements - Several companies showcased new technologies at the recent event, including a smart CNC system that improves processing efficiency by approximately 10% and a laser etching device that achieves 200% efficiency compared to similar foreign products [5][6] - The industry faces challenges in high-end markets and core technologies, with 70% of high-end CNC systems still reliant on imports, highlighting the need for domestic innovation [6][7] Future Directions - The next decade will focus on enhancing capabilities in high-speed, high-precision, multi-axis integration, and intelligent upgrades to address the "big but not strong" dilemma in the industry [7][8] - The Ministry of Industry and Information Technology plans to accelerate the establishment of a development mechanism for the industrial mother machine sector, emphasizing the importance of core technology breakthroughs and strategic collaborations [8][9] Financial Support - The China Development Bank has issued over 20 billion yuan in loans to the industrial mother machine sector since 2008, supporting key enterprises in research and capacity building [9]