年 8 月 24 日期间，累计行权并完成股份过户登记数量为 398,757 股，占本次可行权总量的 100%。 ?本次行权股票上市流通时间：公司本次行权采用自主行权模式，激励对象行权所得股票 于行权日（T 日）后的第一个交易日（T+1 日）到达股票账户，并于第二个交易日（T+2 日） 上市交易。 一、本次股票期权行权的决策程序及信息披露 （1）2023年8月4日，公司召开第三届董事会第十六次会议，审议通过了《关于公司<2023 年限制性股票与股票期权激励计划（草案）> 及其摘要的议案》《关于公司<2023年股权激励 计划实施考核管理办法>的议案》《关于提请股东大会授权董事会办理公司股权激励相关事宜 的议案》等议案。同日，公司独立董事就本次激励计划相关议案发表了明确同意的独立意见。 证券代码：688622 证券简称：禾信仪器 公告编号：2025-049 广州禾信仪器股份有限公司 关于2023年限制性股票与股票期权激励计划首次授予股票期权第一个 行权期行权结果暨股份变动公告 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 ...

Core Viewpoint - China International Capital Corporation (CICC) has been entrusted by Kunshan Guoke Venture Capital Co., Ltd. to organize a share transfer inquiry for Guangzhou Hexin Instrument Co., Ltd. to specific institutional investors, confirming the qualifications of the transferring shareholder [1][2]. Group 1: Inquiry Transfer Delegation - CICC has received a mandate from the transferring shareholder to implement the share transfer inquiry [1]. Group 2: Qualification Verification of the Transferring Shareholder - The verification process included checking the business license and obtaining a commitment letter from the transferring shareholder, ensuring compliance with relevant regulations [2]. - The transferring shareholder, Kunshan Guoke Venture Capital Co., Ltd., is a limited liability company established on August 31, 2001, with a focus on venture capital and private equity investment management [2]. Group 3: Verification Opinion - CICC concluded that the transferring shareholder meets the necessary qualifications for participating in the share transfer inquiry, with no violations of share reduction regulations or other prohibitive conditions identified [3].

Core Viewpoint - Hexin Instruments (688622.SH) plans to participate in a pre-IPO shareholder inquiry transfer, with Kunshan Guoke as the selling shareholder [1] Group 1: Shareholder Transfer Details - The total number of shares to be transferred is 1,303,612, which represents 1.85% of the company's total share capital [1] - This inquiry transfer is a non-public transfer and will not be conducted through centralized bidding or block trading, thus not classified as a secondary market reduction [1] - The acquiring party is restricted from transferring the shares for a period of six months after the acquisition [1]

Group 1 - The core point of the article is that Hexin Instruments (688622.SH) plans to participate in a pre-IPO share transfer, with Kunshan Guoke as the selling shareholder [1] - The total number of shares to be transferred is 1,303,612, which represents 1.85% of the company's total share capital [1] - This share transfer is a non-public transfer and will not be conducted through centralized bidding or block trading, meaning it does not fall under secondary market reductions [1] - The acquiring party is restricted from transferring the shares for a period of six months after the acquisition [1]

证券代码：688622 证券简称：禾信仪器 公告编号：2025-049 广州禾信仪器股份有限公司 关于2023年限制性股票与股票期权激励计划首次授予股票期权第一个 行权期行权结果暨股份变动公告 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： 本次行权股票数量：广州禾信仪器股份有限公司（以下简称"公司"）2023 年限制性股 票与股票期权激励计划首次授予股票期权第一个行权期的可行权数量为 398,757 份，行权有效 期为 2025 年 5 月 21 日至 2025 年 8 月 24 日（行权日须为交易日）。2025 年 5 月 21 日至 2025 年8月24日期间，累计行权并完成股份过户登记数量为398,757股，占本次可行权总量的100%。 本次行权股票上市流通时间：公司本次行权采用自主行权模式，激励对象行权所得股票 于行权日（T 日）后的第一个交易日（T+1 日）到达股票账户，并于第二个交易日（T+2 日） 上市交易。 一、本次股票期权行权的决策程序及信息披露 （1）2023年8月4日，公司召开第三届 ...

中国国际金融股份有限公司 关于广州禾信仪器股份有限公司 股东向特定机构投资者询价转让股份 相关资格的核查意见 中国国际金融股份有限公司（以下简称"中金公司"）受广州禾信仪器股份有限 公司（以下简称"禾信仪器"）股东昆山市国科创业投资有限公司（以下简称"昆山 国科""出让方"）委托，组织实施本次禾信仪器股东向特定机构投资者询价转让 （以下简称"本次询价转让"）。 根据《关于在上海证券交易所设立科创板并试点注册制的实施意见》《科创板上 市公司持续监管办法（试行）》《上海证券交易所科创板股票上市规则》《上海证券 交易所科创板上市公司自律监管指引第 4 号——询价转让和配售》（以下简称"《询 价转让和配售指引》"）等相关规定，中金公司对参与本次询价出让方的相关资格进 行了核查。 本次询价转让的委托情况、出让方相关资格的核查情况及核查意见如下： 一、本次询价转让的委托 中金公司已收到出让方关于本次询价转让的委托，委托中金公司组织实施本次询 价转让。 二、关于参与本次询价转让股东相关资格的核查情况 （一）核查过程 根据相关法规要求，中金公司已完成出让方相关资格的核查工作，包括核查出让 方提供的营业执照、《承诺及声明函》等 ...

证券代码：688622 证券简称：禾信仪器 公告编号：2025-048 广州禾信仪器股份有限公司 股东询价转让计划书 股东昆山市国科创业投资有限公司（以下简称"昆山国科"或"出让方"） 保证向广州禾信仪器股份有限公司（以下简称"公司"或"禾信仪器"）提供的 信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确 性和完整性依法承担法律责任。 本公司及董事会全体成员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： 拟参与禾信仪器首发前股东询价转让（以下简称"本次询价转让"）的股 东为昆山国科； 出让方拟转让股份的总数为 1,303,612 股，占公司总股本的比例为 1.85%； 本次询价转让为非公开转让，不通过集中竞价交易方式或大宗交易方式 进行，不属于通过二级市场减持。受让方通过询价转让受让的股份，在受让后 6 个月内不得转让； 本次询价转让的受让方为具备相应定价能力和风险承受能力的机构投资 者。 一、拟参与转让的股东情况 （一）出让方的名称、持股数量、持股比例 出让方委托中国国际金融股份有限公司（以下简称"中金公司"）组织实施 本次询价转让。截至 2025 年 8 月 25 日， ...

Core Viewpoint - The company HeXin Instruments announced that its shareholder Kunshan Guoke plans to reduce its stake by 1.85%, equivalent to 1.3036 million shares, through a pricing inquiry transfer method [1] Summary by Relevant Sections - **Shareholder Action** - Kunshan Guoke intends to transfer 1.85% of its shares, totaling 1.3036 million shares, without using centralized bidding or block trading [1] - **Transfer Conditions** - The transfer will be conducted with institutional investors who possess the necessary pricing capability and risk tolerance [1] - The minimum transfer price will not be lower than 70% of the average trading price of the company's stock over the 20 trading days prior to the date of sending the subscription invitation [1] - The transferred shares cannot be sold by the acquirer for a period of 6 months after the transfer [1]

Core Insights - The overall activity level of the A-share merger and acquisition market in China has slightly decreased, characterized by high frequency, diverse participants, and broad sectors [1] - A total of 80 merger and acquisition events were disclosed during the period, with a total transaction amount of 601.88 billion RMB, showing a significant increase in both the number and value of major M&A events compared to the previous period [2] - The real estate management and development, other metals and mining, semiconductor products, electronic equipment, instruments and components, electrical equipment, and automotive parts sectors are particularly active in M&A activities [2][3] - Private enterprises and local state-owned enterprises are actively engaging in horizontal integration and strategic cooperation, indicating diverse motivations for mergers and acquisitions [1][2] - The M&A market is expected to further release integration and value reconstruction potential, supported by regulatory policy optimization, economic recovery, policy encouragement, and capital market reforms [1] M&A Market Overview - The number of major M&A events in the A-share market increased by 60% compared to the previous period, with a total disclosed transaction amount of 601.88 billion RMB, representing a 187.97% increase [2] - Key sectors for M&A activities include real estate management and development, other metals and mining, semiconductor products, electronic equipment, instruments and components, electrical equipment, and automotive parts [2] - The market is entering a new phase characterized by "efficiency improvement + structural optimization," driven by policy and proactive corporate adjustments [2] Listed Companies' M&A Plans - A total of 44 listed companies announced or planned M&A activities, with an average stock price fluctuation of 7.53% over two weeks [2] - 22 companies made significant progress after announcing M&A plans, with an average stock price fluctuation of 3.76% [2] - The number of major restructuring events increased by 60% compared to the previous period, with research enthusiasm rising by 11.54% [2] Companies with Significant Progress - Companies such as Yunnan Cheng Investment and AnYuan Coal Industry have made notable advancements in their M&A plans, with various strategic objectives including asset adjustments and diversification [10][11] - The progress of these companies reflects a broader trend of active restructuring and strategic realignment within the A-share market [10][11] Market Sentiment and Performance - The restructuring index showed a fluctuation of 5.10% over the two-week period, indicating a positive sentiment in the M&A market [12] - The average price-to-earnings (PE) ratios and market values of companies involved in M&A activities vary significantly, reflecting diverse market conditions and investor sentiments [7][8]

Investment Rating - The report maintains a "Recommended" investment rating for the industry [7] Core Insights - The mechanical export sector shows steady growth, supported by low-altitude economic policies [2][3] - The domestic leading enterprises in the mechanical equipment sector maintain strong competitive advantages in both supply and demand [4] - The report highlights specific investment opportunities in low-altitude economy and mechanical equipment sectors [5] Weekly Market Review - From August 11 to August 15, 2025, the Shanghai Composite Index rose by 1.70%, the Shenzhen Component Index increased by 4.55%, and the ChiNext Index surged by 8.58%. The Shenwan Mechanical Equipment Index rose by 3.21%, outperforming the CSI 300 Index by 0.84 percentage points, ranking 8th among 31 Shenwan first-level industries [12] - Sub-sectors such as general equipment, specialized equipment, and automation equipment saw increases of 3.45%, 4.13%, and 5.45% respectively, while engineering machinery and rail transit equipment experienced slight declines [12][15] Key Sector Tracking Low-altitude Economy - The Yunnan provincial government has issued measures to support the healthy development of the low-altitude economy, including 15 specific initiatives aimed at enhancing safety supervision, supporting drone testing, and expanding international markets [3][21] - Shanghai plans to establish a low-altitude industry fund to encourage research institutions to set up project companies for technological breakthroughs [3] Mechanical Equipment - In July 2025, sales of various types of forklifts reached 118,605 units, a year-on-year increase of 14.4%. Domestic sales accounted for 69,700 units, up 14.3%, while exports totaled 48,905 units, up 14.5% [4] - For the first seven months of 2025, a total of 857,939 forklifts were sold, marking a 12% year-on-year increase, with domestic sales up 10.4% and exports up 15.1% [4] Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Huasheng Group [5] - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli [5]