证券代码：688622 证券简称：禾信仪器 公告编号：2026-009 广州禾信仪器股份有限公司 关于收到上海证券交易所中止审核发行股份及支付 现金购买资产并募集配套资金暨关联交易通知的公告 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。 广州禾信仪器股份有限公司（以下简称"公司"）拟通过发行股份及支付现 金的方式，购买吴明、上海堰岛企业管理合伙企业（有限合伙）等两名交易对方 合计持有的上海量羲技术有限公司 56.00%股权并募集配套资金暨关联交易（以 下简称"本次交易"）。 公司于近期收到上海证券交易所（以下简称"上交所"）的通知，本次交易 引用标的公司经审计的财务报表已过有效期，为保持审核期间资料的有效性，需 要补充提交相关资料。按照《上海证券交易所上市公司重大资产重组审核规则》 的相关规定，上交所对本次交易中止审核。 一、本次中止审核的说明 本次交易申请文件中审计报告财务数据基准日为 2025 年 6 月 30 日，相关 财务资料的有效期截止日为 2026 年 3 月 31 日。由于本次交易申请文件中记载 的财务资料 ...

股票交易异常波动公告 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。 证券代码：688622 证券简称：禾信仪器 公告编号：2026-008 重要内容提示： 广州禾信仪器股份有限公司 广州禾信仪器股份有限公司（以下简称 "禾信仪器"或"公司"）股票交 易连续 3 个交易日内（2026 年 3 月 19 日、3 月 20 日、3 月 23 日）收盘价格涨 幅偏离值累计达到 30%，根据《上海证券交易所交易规则》《上海证券交易所科 创板股票异常交易实时监控细则》的有关规定，属于股票交易异常波动。由于公 司近期累计涨幅与公司基本面、同期上证指数、所处的仪器仪表制造业上市公司 平均涨幅存在较大偏离，存在市场情绪过热及非理性炒作的情形，不排除股价有 大幅下跌的可能性。公司敬请广大投资者理性判断，注意投资风险和交易风险， 避免产生较大投资损失。 经公司自查并向公司控股股东、实际控制人核实，截至本公告披露日，除 在指定媒体上已公开披露的信息外，公司不存在应披露而未披露的重大信息。 公司正在推进发行股份及支付现金购买资产并募集配套资金暨关 ...

证券代码：688622 证券简称：禾信仪器 公告编号：2026-007 广州禾信仪器股份有限公司 关于持股 5%以上股东所持股份被司法冻结的进展公告 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、准确性和完整性依法承担法律责任。 广州禾信仪器股份有限公司（以下简称"公司"）于近日获悉公司 5%以上股东广州科技 金融创新投资控股有限公司（以下简称"科金创投"）所持有的本公司股份继续被司法冻结， 原因为申请人第一创业证券股份有限公司申请继续保全科金创投财产所致。截至本公告披露 日，科金创投持有公司股份数量为 3,871,129 股，占公司总股本 5.49%，本次被继续冻结的股 份数量为 3,871,129 股，占其所持股份比例为 100%，占公司总股本比例为 5.49%。冻结期限由 2026 年 4 月 6 日延长至 2029 年 3 月 9 日。 科金创投不属于公司的控股股东或第一大股东及其一致行动人，其股份被司法续冻事项不 会导致公司控制权发生变更，亦不会对公司日常经营与管理造成影响。 一、股东股份被司法冻结的基本情况 公司 5%以上股东科金创投所持有公 ...

证券代码：688622 证券简称：禾信仪器 公告编号：2026-006 广州禾信仪器股份有限公司 股票交易异常波动公告 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： 广州禾信仪器股份有限公司（以下简称 "禾信仪器"或"公司"）股票交 易连续 3 个交易日内（2026 年 3 月 5 日、3 月 6 日、3 月 9 日）收盘价格跌幅偏 离值累计达到 30%，根据《上海证券交易所交易规则》《上海证券交易所科创板 股票异常交易实时监控细则》的有关规定，属于股票交易异常波动。 经公司自查并向公司控股股东、实际控制人核实，截至本公告披露日，除 在指定媒体上已公开披露的信息外，公司不存在应披露而未披露的重大信息。 公司正在推进发行股份及支付现金购买资产并募集配套资金暨关联交易 事项(以下简称"本次交易")，本次交易事项尚需经上海证券交易所审核，并获 得中国证监会同意注册后方可实施，能否审核通过、完成注册，以及最终取得审 核通过、完成注册的时间尚存在不确定性，存在被中止或者终止的风险。公司将 根据本次交易的进展情况，按 ...

Investment Rating - The report maintains a "Market Weight" rating for the mechanical equipment industry, indicating that the industry is expected to perform within ±10% of the market index over the next six months [42]. Core Insights - The mechanical equipment industry is supported by three policy dividends in 2026: equipment upgrades, AI + manufacturing, and high-end manufacturing upgrades, which provide strong upward momentum. There is significant differentiation within sub-sectors [3][39]. - In the engineering machinery sector, both domestic and international demand are resonating, with continued growth in excavator and non-excavator sales. Macro policies such as interest rate cuts are expected to further stimulate demand [3][39]. - The report highlights the acceleration of humanoid robot industrialization, with Tesla's Optimus Gen3 expected to be released soon, potentially leading to small-scale trial production and a mass production milestone later in the year [3][39]. - The oil service equipment sector is anticipated to benefit from rising oil prices due to geopolitical factors, with stable capital expenditures from domestic and international oil and gas companies driving demand for oil service equipment [3][39]. Market Review - As of March 5, 2026, the mechanical equipment industry has seen a bi-weekly increase of 0.31%, outperforming the CSI 300 index by 0.58 percentage points, ranking 15th among 31 industries. Year-to-date, the sector has increased by 9.91%, also outperforming the CSI 300 index by 9.53 percentage points, ranking 10th [13][14]. - The five sub-sectors of the mechanical equipment industry showed varied performance, with the automation equipment sector leading with a 1.61% increase, while the engineering machinery sector saw a decline of 3.08% [18][20]. Valuation Overview - As of March 5, 2026, the overall PE TTM for the mechanical equipment sector is 36.37 times. The PE TTM for sub-sectors is as follows: general equipment at 53.58 times, specialized equipment at 37.83 times, rail transit equipment II at 17.28 times, engineering machinery at 24.12 times, and automation equipment at 57.12 times [2][24]. Recommended Stocks - The report suggests focusing on the following companies: - Huichuan Technology (300124) for its strong market share in general servos and product competitiveness - Greentech Harmonic (688017) as a leading company in harmonic reducers benefiting from the push for smart manufacturing - SANY Heavy Industry (600031) as a leader in excavators, expected to see demand growth due to infrastructure investments - Hengli Hydraulic (601100) as a leading player in hydraulic cylinders with a stable market position [40].

Investment Rating - The report maintains a "Positive" investment rating for the quantum computing industry [5]. Core Insights - Quantum computing has made significant breakthroughs, particularly in error correction, bringing it closer to fault-tolerant quantum computing and accelerating commercialization [3]. - Government policies supporting quantum computing as a new productive force are expected to create a larger market space and unlock performance potential [3]. - Investors are advised to focus on upstream core equipment and components, midstream integrated platforms, and downstream application security sectors [3]. Summary by Sections 1. Classic Computing Performance Bottlenecks - The performance of classical computing is showing signs of stagnation, with quantum computing emerging as a new paradigm for accelerated computation [9][14]. - Quantum computing leverages quantum superposition and entanglement to process information in parallel, significantly reducing computational complexity for specific problems [8][14]. 2. Mainstream Quantum Computing Technology Paths - Multiple quantum computing technologies are being developed, including superconducting, ion trap, neutral atom, and photonic quantum computing, each with its own advantages and challenges [8][41]. - The progress in quantum computing has accelerated, with significant advancements in quantum superiority and error correction capabilities [8][41]. 3. National Policies Focused on Quantum Technology - Major countries are formulating quantum technology strategies and investing heavily, with the U.S. and China leading in government support and funding [8][9]. - Policies are accelerating industry development through planning, financial investment, and export controls [9]. 4. Accelerating Development of the Quantum Computing Industry - The quantum computing industry is in its early commercialization stage, primarily focusing on research-grade systems and key components, with revenue largely driven by government and research institution demand [8][9]. - Key players in the industry include IBM, Google, and domestic companies like GuoShun Quantum and Benyuan Quantum, which are making significant progress in core technology development [8][9]. 5. Overview of Domestic Quantum Computing Companies - Notable companies include GuoShun Quantum, a national leader in quantum technology, and Turing Quantum, a leader in photonic quantum computing [8][9].

Financial Performance Summary - In 2025, the company reported a total profit of -82.14 million RMB and a net profit attributable to shareholders of -95.43 million RMB, with a net profit excluding non-recurring gains and losses of -99.34 million RMB [4][12] - The total operating revenue for the year was 97.34 million RMB, representing a year-on-year decline of 51.93%. The revenue after excluding unrelated business income was 87.82 million RMB [4][6][12] - By the end of the reporting period, the company's total assets were 716.64 million RMB, down 18.30% year-on-year, and the equity attributable to shareholders was 303.16 million RMB, a decrease of 21.11% [4][12] Operational Challenges - The company's core business focuses on environmental online monitoring mass spectrometers, which are currently affected by government procurement cycles and are in an adjustment phase. New product revenues have not compensated for the decline in traditional product lines [5][6] - The company has strategically selected and reduced high-risk orders with long payment cycles, contributing to a decrease in both orders and revenue for 2025 [5][7] - The company has made provisions for inventory impairment due to the net realizable value being lower than the book cost, and has conducted impairment tests on long-term assets with insufficient utilization [5][7] Future Outlook and Risks - The company anticipates that some deferred tax assets recognized in previous years related to recoverable losses may not be fully realizable in the future, leading to a reversal in accordance with accounting standards [5][7] - If the audited net profit (lower of net profit or net profit excluding non-recurring gains and losses) is negative and the operating revenue (after excluding unrelated business income) is below 100 million RMB, the company's stock may face delisting risk warnings [12][14]

Core Viewpoint - HeXin Instruments (688622.SH) reported a significant decline in both revenue and net profit for the fiscal year 2025, indicating challenges in its core business and market conditions [1] Financial Performance - The total operating revenue for 2025 was 97.34 million yuan, a year-on-year decrease of 51.93% [1] - The net profit attributable to the parent company's owners was a loss of 95.43 million yuan, compared to a loss of 45.99 million yuan in the same period last year [1] Business Focus and Market Conditions - The company focuses on the environmental online monitoring mass spectrometer sector, which is currently undergoing an adjustment phase influenced by government procurement cycles [1] - New product revenues have not compensated for the decline in traditional product lines, leading to a decrease in both orders and revenue for 2025 [1] - The company has strategically chosen to manage business quality by screening and abandoning high-risk orders with long payment terms, contributing to the overall decline in performance [1]

广州禾信仪器股份有限公司 关于公司股票可能被实施退市风险警示的第三次风险提示性公告 证券代码：688622 证券简称：禾信仪器 公告编号：2026-005 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： 依据《上海证券交易所科创板股票上市规则》规定，广州禾信仪器股份有限公司 （以下简称"公司"）股票可能被上海证券交易所实施退市风险警示，敬请广大投资者 注意投资风险。 公司于 2026 年 2 月 27 日披露了《2025 年度业绩快报公告》。经财务部门初步测 算，预计实现利润总额-8,214.10 万元；实现归属于母公司所有者的净利润-9,542.96 万元；实现归属于母公司所有者的扣除非经常性损益的净利润-9,934.35 万元。实现营 业总收入 9,734.14 万元，同比下降 51.93%，扣除与主营业务无关的业务收入和不具备 商业实质的收入后的营业收入预计为 8,781.58 万元，低于 1 亿元。 若公司经审计的扣除非经常性损益前后的净利润孰低者为负值，且营业收入（扣除 与主营业务无关的业务收入和 ...

Core Viewpoint - Hexin Instruments (688622.SH) reported a significant decline in its 2025 annual performance, with total operating revenue of 97.34 million yuan, a year-on-year decrease of 51.93%, and a net loss attributable to shareholders of 95.43 million yuan, compared to a loss of 45.99 million yuan in the previous year [1] Group 1: Financial Performance - The total operating revenue for 2025 was 97.34 million yuan, reflecting a 51.93% decrease compared to the previous year [1] - The net profit attributable to the parent company was a loss of 95.43 million yuan, worsening from a loss of 45.99 million yuan in the prior year [1] Group 2: Business Focus and Market Conditions - The company focuses on the environmental online monitoring mass spectrometer sector, which is currently undergoing an adjustment phase influenced by government procurement cycles [1] - New product revenues have not compensated for the decline in traditional product lines, leading to a decrease in both orders and revenue for 2025 [1] Group 3: Strategic Decisions - The company has proactively managed business quality by strategically selecting and abandoning high-risk orders with long payment terms [1]