证券代码：688337 证券简称：普源精电 公告编号：2025-065 普源精电科技股份有限公司 关于公司及全资子公司使用以简易程序 向特定对象发行股票募集资金的部分暂时闲置募集资金进 行现金管理及以协定存款方式存放募集资金的公告 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。 普源精电科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 了公司第二届董事会第三十一次会议、第二届监事会第二十九次会议，审议通过 了《关于公司及全资子公司使用以简易程序向特定对象发行股票募集资金的部分 暂时闲置募集资金进行现金管理及以协定存款方式存放募集资金的议案》，在保 证不影响募集资金投资项目实施、确保募集资金安全的前提下，同意公司及公司 全资子公司西安普源精电科技有限公司（以下简称"西安普源"）、上海普源精电 企业发展有限公司（以下简称"上海普源"）和 Rigol Technologies(malaysia) SDN.BHD（以下简称"马来西亚普源"）使用额度最高不超过人民币 20,000.00 万元元（含本数）的 ...

证券代码：688337 证券简称：普源精电 公告编号：2025-066 普源精电科技股份有限公司 关于公司及全资子公司使用发行股份购买资产 并募集配套资金的部分暂时闲置募集资金进行现金管理及 以协定存款方式存放募集资金的公告 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。 普源精电科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 了公司第二届董事会第三十一次会议、第二届监事会第二十九次会议，审议通过 了《关于公司及全资子公司使用发行股份购买资产并募集配套资金的部分暂时闲 置募集资金进行现金管理及以协定存款方式存放募集资金的议案》，同意公司及 公司全资子公司北京耐数电子有限公司（以下简称"耐数电子"）在保证不影响 募集资金投资项目实施、确保募集资金安全的前提下，使用额度最高不超过人民 币 4,000.00 万元（含本数）的暂时闲置募集资金进行现金管理，用于购买投资安 全性高、流动性好的保本型投资产品（包括但不限于结构性存款、可转让大额存 单等），使用期限自公司董事会审议通过之日起不超过 12 个月 ...

证券代码：688337 证券简称：普源精电 公告编号：2025-067 普源精电科技股份有限公司 关于部分募集资金投资项目延期的公告 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。 重要内容提示： 普源精电科技股份有限公司（以下简称"公司"）于2025年10月27日召开第 二届董事会第三十一次会议、第二届监事会第二十九次会议，审议通过了《关于 部分募集资金投资项目延期的议案》，同意公司在募集资金投资项目（以下简称 "募投项目"）实施主体、实施地点不发生改变的前提下，对公司2023年以简易 程序向特定对象发行股票的募投项目"马来西亚生产基地项目"进行延期。保荐 机构国泰海通证券股份有限公司（以下简称"保荐机构"）发表了明确无异议的 核查意见。上述议案无需提交股东大会审议。现将具体情况公告如下： 一、 募集资金基本情况 根据中国证券监督管理委员会于2023年9月4日出具的《关于同意普源精电科 技股份有限公司向特定对象发行股票注册的批复》（证监许可[2023]2039号），本 公司获准以简易程序向特定对象发行人民币普通股5,30 ...

证券代码：688337 证券简称：普源精电 公告编号：2025-068 普源精电科技股份有限公司 第二届监事会第二十九次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 普源精电科技股份有限公司（以下简称"公司"）第二届监事会第二十九次 会议于 2025 年 10 月 27 日在公司会议室以现场结合通讯的方式召开。会议通知 已于 2025 年 10 月 17 日通过通讯方式（包括但不限于电话、传真、电子邮件等） 送达各位监事。本次会议由监事会主席齐惠忠女士主持，会议应到监事 3 人，实 到监事 3 人。 本次会议的召集、召开符合有关法律、法规及规章制度和《普源精电科技股 份有限公司章程》（以下简称"《公司章程》"）的有关规定。 二、监事会会议审议情况 出席会议的监事对各项议案进行了认真审议并做出了如下决议： 1.审议通过了《关于公司 2025 年第三季度报告的议案》 公司 2025 年第三季度报告的编制和审议程序符合法律、法规及《公司章程》 等内部规章制度的规定；公司 2025 年第三季 ...

证券代码：688337 证券简称：普源精电 公告编号：2025-069 第二届董事会第三十一次会议决议公告 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。 一、董事会会议召开情况 普源精电科技股份有限公司（以下简称"公司"）第二届董事会第三十一次 会议于 2025 年 10 月 27 日在公司会议室以现场结合通讯的方式召开。会议通知 已于 2025 年 10 月 17 日通过通讯方式（包括但不限于电话、传真、电子邮件等） 送达各位董事。本次会议由董事长王悦先生主持，应到董事 7 人，实到董事 7 人。 普源精电科技股份有限公司 本次会议的召集、召开符合有关法律、法规及规章制度和《普源精电科技股 份有限公司章程》（以下简称"《公司章程》"）的有关规定。 二、董事会会议审议情况 出席会议的董事对各项议案进行了认真审议并做出了如下决议： 1.审议通过了《关于公司 2025 年第三季度报告的议案》 公司 2025 年第三季度报告的编制和审议程序符合法律、法规及《公司章程》 等内部规章制度的规定；其内容与格式符合相关规定，公允地反应 ...

Financial Performance - The company's revenue for Q3 2025 was CNY 242.42 million, representing a year-on-year increase of 6.44% and a quarter-on-quarter increase of 29.52%[4] - The net profit attributable to shareholders for Q3 2025 was CNY 24.45 million, a decrease of 53.43% year-on-year, but an increase of 96.62% quarter-on-quarter[6] - The total revenue for the first nine months of 2025 was CNY 597.39 million, up 11.68% year-on-year, while the net profit attributable to shareholders decreased by 32.38% to CNY 40.66 million[6] - Total profit for the current reporting period decreased by 39.41%[14] - Net profit attributable to shareholders for the current reporting period decreased by 53.43%[14] - Net profit attributable to shareholders for the year-to-date decreased by 32.38%[14] - Basic earnings per share for the current reporting period decreased by 53.57%[15] - Diluted earnings per share for the current reporting period decreased by 53.57%[15] Research and Development - The company's R&D investment for Q3 2025 was CNY 61.50 million, accounting for 25.37% of revenue, a decrease of 1.31 percentage points year-on-year[5] - Research and development expenses increased to ¥169,858,732.02 in 2025, compared to ¥148,705,958.72 in 2024, marking a growth of 14.2%[23] Profitability and Margins - The gross profit margin for the first nine months of 2025 was 55.00%, down 3.44 percentage points compared to the same period last year, primarily due to increased manufacturing costs[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses for the current reporting period decreased by 68.41% due to a decline in gross profit margin and an increase in taxes[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,894[17] - The largest shareholder, Suzhou Puyuan Precision Electric Investment Co., Ltd., holds 63,936,000 shares, accounting for 32.94% of total shares[17] - Wang Yue directly holds 11,508,480 shares, representing 5.93% of the total shares[18] Assets and Liabilities - The total assets at the end of Q3 2025 were CNY 3.72 billion, a decrease of 3.51% compared to the end of the previous year[5] - The company's total assets decreased to ¥3,717,811,342.76 in 2025 from ¥3,852,921,400.41 in 2024, a decline of 3.5%[21] - Total liabilities decreased to ¥575,574,433.61 in 2025 from ¥685,179,430.61 in 2024, a reduction of 16.0%[21] - The total equity attributable to shareholders decreased to ¥3,142,236,909.15 in 2025 from ¥3,167,741,969.80 in 2024, a decline of 0.8%[21] Cash Flow - Cash flow from operating activities for the year-to-date decreased by 104.40% due to increased cash payments for purchases of goods and services[15] - Operating cash inflow for the first three quarters of 2025 is CNY 684,693,550.31, an increase from CNY 627,257,679.46 in the same period of 2024[26] - Net cash flow from operating activities is negative CNY 2,825,559.18, compared to a positive CNY 64,222,153.74 in the previous year[26] - Cash inflow from investment activities is CNY 576,769,055.64, significantly higher than CNY 117,650,811.37 in the prior year[27] - Net cash flow from investment activities is CNY 129,734,580.96, recovering from a negative CNY 153,177,102.84 in the same period last year[27] - Cash inflow from financing activities totals CNY 214,926,894.53, down from CNY 476,753,797.01 in the previous year[27] - Net cash flow from financing activities is negative CNY 211,189,289.24, compared to a positive CNY 222,923,542.90 in the same period of 2024[27] - The ending balance of cash and cash equivalents is CNY 327,919,426.86, down from CNY 404,591,516.76 at the end of the previous year[27] Other Information - The board of directors announced the financial results on October 28, 2025[29] - The company has not adopted new accounting standards or interpretations that would adjust the financial statements for the current year[28]

Core Viewpoint - Puyuan Precision Electric has submitted an application for a dual listing on the Hong Kong Stock Exchange, despite having significant cash reserves, raising questions about the necessity of additional fundraising [1][4]. Group 1: Company Overview - Puyuan Precision Electric is a leading Chinese electronic measurement instrument company, providing a comprehensive range of products and solutions, primarily serving high-growth industries such as communications, new energy, and semiconductors [2]. - The company went public on the Sci-Tech Innovation Board in April 2022, raising a total of 1.846 billion yuan through the issuance of 30.32 million shares at a price of 60.88 yuan per share [2][4]. Group 2: Financial Performance - Since its listing, Puyuan Precision Electric has raised a total of 2.438 billion yuan through various financing methods, including a directed issuance that raised 592 million yuan [2][3]. - The company's revenue from 2022 to 2025 showed a growth trend, with figures of 631 million yuan, 671 million yuan, 776 million yuan, and 355 million yuan respectively, reflecting year-on-year growth rates of 30.3%, 6.34%, 15.7%, and 15.57% [6][7]. - However, the net profit attributable to shareholders showed a decline in 2024, with figures of 92 million yuan, 108 million yuan, 92 million yuan, and 16 million yuan, indicating a year-on-year decrease of 14.5% in 2024 [6][8]. Group 3: Cash Flow and Operational Efficiency - Puyuan Precision Electric reported negative cash flow across all three major cash flow indicators in the first half of 2025, with net cash flow from operating activities at -14 million yuan, investment activities at -70 million yuan, and financing activities at -51 million yuan [8][9]. - The company has a significant amount of cash and cash equivalents, totaling 3.29 billion yuan, with trading financial assets amounting to 1.788 billion yuan, leading to a total broad money supply of 2.117 billion yuan [5][6]. - Operational efficiency indicators, including total asset turnover, inventory turnover, and accounts receivable turnover, have all shown a downward trend, indicating a decline in the company's operational capabilities [10][12][13].

Group 1 - The core point of the article is that Puyuan Precision Electric has seen a stock price increase of 5.19%, reaching 40.15 CNY per share, with a trading volume of 1.87 billion CNY and a market capitalization of 7.793 billion CNY as of October 23 [1] - Puyuan Precision Electric, established on April 27, 2009, specializes in the research, production, and sales of general electronic measuring instruments [1] - The company is located in Suzhou, Jiangsu Province, and has its Hong Kong office in Causeway Bay [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Shenwan Lingxin has heavily invested in Puyuan Precision Electric, with Shenwan Lingxin Intelligent Drive Stock A (005825) increasing its holdings by 101,500 shares in the second quarter, totaling 650,200 shares, accounting for 7.97% of the fund's net value [2] - The fund has achieved a return of 69.71% this year, ranking 105 out of 4,218 in its category, and a return of 67.65% over the past year, ranking 79 out of 3,875 [2] - Since its inception, the fund has generated a return of 427.96% [2] Group 3 - The fund manager of Shenwan Lingxin Intelligent Drive Stock A is Fu Juan, who has a tenure of 13 years and 186 days, with a total fund asset size of 3.711 billion CNY and a best return of 172.37% during her tenure [3] - Co-manager Bu Zhonglin has a tenure of 1 year and 8 days, managing assets of 291 million CNY, with a best return of 74.86% during his tenure [3]

Core Viewpoint - Puyuan Precision Electric Technology Co., Ltd. is facing scrutiny regarding its necessity for fundraising through a Hong Kong listing, especially given its recent performance and high expenses despite holding significant cash reserves [2][5]. Shareholder Lock-up Release - On October 9, Puyuan Precision announced the release of lock-up shares totaling approximately 118 million shares, representing 61.01% of the company's total equity, held by six shareholders [3]. - The company went public on the Sci-Tech Innovation Board in 2022, with a total share capital of approximately 121 million shares, of which 96 million shares were subject to lock-up [3]. Financial Performance - In the first half of the year, Puyuan Precision reported total revenue of approximately 355 million yuan, a year-on-year increase of 15.57%, while total costs rose to 375 million yuan, reflecting a growth of about 12.0% [5]. - The company experienced a net profit of -11 million yuan after deducting non-recurring items, marking a year-on-year increase of 42.32% in losses [5]. Expense Analysis - The company's profit was significantly impacted by high expenses rather than operating costs, with total expenses reaching 211 million yuan, which exceeded operating costs of 158 million yuan [6]. - The breakdown of expenses includes sales expenses of 58 million yuan (up 6.46%), management expenses of 50 million yuan (up 5.32%), and R&D expenses of 108 million yuan (up 23.22%) [6]. Asset and Liability Overview - As of the first half of the year, Puyuan Precision's total assets amounted to 3.794 billion yuan, with current assets of 2.592 billion yuan and non-current assets of 1.201 billion yuan [6]. - The company reported total liabilities of 680 million yuan and equity of 3.113 billion yuan, resulting in an asset-liability ratio of only 17.93% [6]. Cash Flow Insights - The company recorded a total cash inflow from investment activities of 393 million yuan, primarily from recovering investments, while cash outflows totaled 463 million yuan [7]. - The net cash flow from investment activities was -70 million yuan, indicating a negative cash flow situation [7].

Core Points - The company has approved the grant of 598,842 restricted stocks to 58 eligible participants as part of its 2025 restricted stock incentive plan [2][3] - The grant date for the restricted stocks is set for September 10, 2025, with different grant prices for different categories of partners: 19.68 CNY per share for business partners and 21.69 CNY per share for enterprise partners [2] - The total amount received from the participants for the restricted stock subscription is 12,526,894.53 CNY [3] Summary by Sections - **Incentive Plan Approval** - The company's board has authorized adjustments to the 2025 restricted stock incentive plan and approved the grant of restricted stocks [2] - **Stock Grant Details** - A total of 598,842 restricted stocks will be granted to 58 participants, with specific prices set for different categories of partners [2] - **Financial Transactions** - The company has received a total of 12,526,894.53 CNY from the participants for the stock subscription, and the stocks will transition from unrestricted to restricted status [3]