证券代码：688557 证券简称：兰剑智能 公告编号：2026-010 兰剑智能科技股份有限公司 关于股份回购进展公告 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。 重要内容提示： | 回购方案首次披露日 | 2026/3/24 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 2026 3 9 | 24 | 日~2026 | 年 | 月 | 日 23 | | 预计回购金额 | 2,000万元~4,000万元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 31.3822万股 | | | | | | | 累计已回购股数占总股本比例 | 0.31% | | | | | | | 累计已回购金额 | 999.79万元 | | | | | | | 实际回购价格区间 | 3 ...

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].

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 the domestic market. 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 aerospace, military, and electronics sectors. The report suggests that rising tungsten prices may accelerate industry consolidation, benefiting leading manufacturers [6]. - The report emphasizes the potential for a new recovery cycle in the equipment industry, driven by monetary and fiscal policy support, and suggests focusing on companies involved in AI PCB equipment, industrial gases, humanoid robots, and engineering machinery [6]. Summary by Sections Industry and Company Investment Views - Newray Co., Ltd. plans to acquire 70% of Huilian Electronics for up to 700 million CNY, enhancing its position in the PCB drill needle sector. This acquisition is expected to strengthen its product line and capitalize on the growing demand driven by AI and high-tech applications [19][20]. - The report discusses the acceleration of satellite network construction in China, highlighting the strategic importance of rocket launch capabilities and the potential for investment in related components [23][24]. Key Data Tracking - The mechanical industry has seen a significant decline, with a 12.8% drop in the sector's performance over the past month. However, certain sub-sectors, such as metal products, have shown resilience with a 2.7% increase [10][11]. - The report provides macroeconomic indicators, including the manufacturing PMI and fixed asset investment growth rates, which are crucial for understanding the industry's overall health [32][33].

关于以集中竞价交易方式首次回购公司股份的公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2026/3/24 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2026 年 3 月 24 9 月 23 | 日~2026 | 年 | 日 | | 预计回购金额 | 2,000万元~4,000万元 | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | | | | 累计已回购股数 | 31.3822万股 | | | | | 累计已回购股数占总股本比例 | 0.31% | | | | | 累计已回购金额 | 999.79万元 | | | | | 实际回购价格区间 | 31.46元/股~32.10元/股 | | | | 一、回购股份的基本情况 2026 年 3 月 20 日，兰剑智能科技股份有限公司（以下简称"公司"）控股股 东、 ...

一、公司前十名股东持股情况 二、公司前十名无限售条件股东持股情况 | 序号 | 股东名称 | 持股数量（股） | 占总股本比例（%） | | --- | --- | --- | --- | | 1 | 吴耀华 | 36,514,674 | 35.56 | | 2 | 济南科技创业投资集团有限公司 | 6,251,869 | 6.09 | | 3 | 段重行 | 3,430,364 | 3.34 | | 4 | 上海指南行远私募基金管理有限公司 －指南上远私募证券投资基金 | 2,600,000 | 2.53 | | 5 | 蒋霞 | 1,867,152 | 1.82 | | 6 | 深圳市达晨财智创业投资管理有限公 司－深圳市达晨创通股权投资企业（有 | 1,781,598 | 1.74 | | | 限合伙） | | | | 7 | 周治平 | 1,500,005 | 1.46 | | 8 | 张小艺 | 1,476,214 | 1.44 | | 9 | 陈忠灵 | 1,089,499 | 1.06 | | 10 | 上海指南行远私募基金管理有限公司 －指南高远私募证券投资基金 | 850,000 | 0.8 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2026-007 兰剑智能科技股份有限公司 关于第二期以集中竞价交易方式回购股份方案暨回购 报告书 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： ● 相关风险提示： ● 回购股份金额：回购资金总额不低于人民币 2,000 万元（含），不超过人民币 4,000 万元（含） ● 回购股份资金来源：公司自有资金 ● 回购股份用途：在未来适宜时机用于员工持股计划或股权激励。若公司未能在 股份回购实施结果暨股份变动公告日后三年内使用完毕已回购股份，尚未使用的 已回购股份将予以注销。如国家对相关政策作调整，则本回购方案按调整后的政 策实行； ● 回购股份价格：不超过人民币 56.01 元/股（含），该价格不高于公司董事会通过 回购决议前 30 个交易日公司股票交易均价的 150%； ● 回购股份方式：通过上海证券交易所交易系统以集中竞价交易方式回购； ● 回购股份期限：自董事会审议通过本次回购方案之日起 6 个月内； ● 相关股东是否存在减持计划：截至董事会通过本 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2026-006 兰剑智能科技股份有限公司 第五届董事会第十四次会议决议公告 经审议，同意公司以自有资金通过上海证券交易所交易系统以集中竞价交易 方式回购公司已发行的部分人民币普通股（A 股）股票。回购股份将在未来适宜 时机用于员工持股计划或股权激励，回购价格不超过 56.01 元/股（含），回购资 金总额不低于人民币 2,000 万元（含），不超过人民币 4,000 万元（含）；回购 期限自董事会审议通过本次回购方案之日起 6 个月内。 兰剑智能科技股份有限公司（以下简称"公司"）第五届董事会第十四次会 议于 2025 年 3 月 23 日在公司会议室以现场结合通讯方式召开。本次会议由公司 董事长吴耀华先生召集并主持，应到董事 9 人，实到董事 9 人。本次会议的召集 和召开程序符合《中华人民共和国公司法》和《公司章程》等相关规定，会议形 成的决议合法、有效。 二、董事会会议审议情况 经与会董事认真讨论，审议并通过如下事项： 1、审议通过《关于第二期以集中竞价交易方式回购公司股份方案的议案》 为保证本次回购公司股份顺利实施，董事会同意授权公司经营管理层或 ...

兰剑智能科技股份有限公司 关于控股股东、实际控制人、董事长提议公司回购股份的公告 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、准确性和完整性承担法律责任。 重要内容提示： 证券代码：688557 证券简称：兰剑智能 公告编号：2026-005 兰剑智能科技股份有限公司（以下简称"公司"）董事会于 2026 年 3 月 20 日收到公司控股股东、实际控制人、董事长吴耀华先生《关于提议兰剑智能 科技股份有限公司回购公司股份的函》。吴耀华先生提议公司以自有资金或 自筹资金（含股票回购专项贷款资金）通过上海证券交易所交易系统以集中 竞价交易方式回购公司已发行的部分人民币普通股（A 股）股票，并在未来 适宜时机将回购股份用于员工持股计划或股权激励。 一、提议人的基本情况及提议时间 1、提议人：公司控股股东、实际控制人、董事长吴耀华先生 2、提议时间：2026 年 3 月 20 日 二、提议人提议回购股份的原因和目的 为有效维护广大股东利益，增强投资者信心，切实提高公司股东的投资回报， 使公司股价与公司价值相匹配，并基于对公司未来发展的信心和对公司价值的认 可，为 ...

证券代码：688557 证券简称：兰剑智能 公告编号：2026-004 兰剑智能科技股份有限公司 关于部分董事、高级管理人员增持股份计划公告 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、准确性和完整性承担法律责任。 重要内容提示： 增持主体的基本情况 兰剑智能科技股份有限公司（以下简称"公司"）近日收到公司董事兼 总经理张小艺女士，董事沈长鹏先生，董事林茂先生，财务总监兼董 事会秘书董新军先生的告知函，基于对公司未来持续稳定发展的信心 和长期投资价值的认可，增强投资者信心，拟自 2026 年 3 月 2 日起 12 个月内，使用其自有资金或自筹资金，通过上海证券交易所交易系 统以集中竞价交易方式增持公司股份。 增持计划的主要内容 上述增持主体计划自 2026 年 3 月 2 日起 12 个月内，通过集中竞价交 易方式增持公司股份，合计拟增持金额不低于人民币 375 万元（含） 且不超过人民币 750 万元（含）。本次增持不设价格区间，将根据公司 股票价格波动情况，逐步实施增持计划。 增持计划无法实施风险 本次增持计划实施可能存在因资本市场情况 ...

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on commercial aerospace and liquid cooling technologies [1]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with significant emphasis on domestic demand stimulation [6]. - The report highlights the acceleration of satellite networking construction, suggesting investment opportunities in the rocket supply chain [23][24]. - The report emphasizes the importance of the recovery of the commercial aerospace sector, particularly with upcoming launches of reusable rockets [25]. Summary by Sections Industry Overview - The mechanical industry comprises 633 listed companies with a total market capitalization of 63,677.25 billion and a circulating market value of 53,384.99 billion [3]. - The industry has shown strong performance with a 1-month absolute return of 4.3%, a 6-month return of 25.4%, and a 12-month return of 42.2% [4]. Company Earnings Forecasts and Valuations - Key companies such as 汇川技术 (Inovance Technology) and 法兰泰克 (Flantech) are rated as "Strong Buy" with projected EPS growth and favorable PE ratios [2]. - For instance, 汇川技术 is expected to achieve an EPS of 3.00 yuan by 2027, with a PE ratio of 24.32 [2]. Investment Recommendations - The report suggests focusing on various sectors within the mechanical industry, including industrial control, robotics, machine tools, and testing industries, with specific companies highlighted for their growth potential [6]. - Notable companies to watch include 汇川技术, 信捷电气, and 三一重工, which are positioned to benefit from the anticipated recovery in the industry [6]. Market Performance - The mechanical sector outperformed the broader market, with a weekly increase of 3.8%, driven by strong performances in sub-sectors like laser processing equipment [10][13]. - The report notes that the demand for excavators and other construction machinery is rebounding, indicating a structural recovery in the market [28]. Future Outlook - The report anticipates that the demand for rocket launches will increase significantly due to the acceleration of satellite internet projects, with a focus on the development of reusable rocket technologies [23][25]. - Companies involved in the rocket supply chain, such as 银邦股份 (Yinbang), are expected to benefit from this trend [26].