Core Viewpoint - Hexin Instruments (688622.SH) is expected to report a significant decline in net profit and revenue for the year 2025, primarily due to market adjustments and strategic business decisions [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately -89 million yuan for 2025, a decrease of about 43.01 million yuan compared to the previous year, representing a year-on-year decline of approximately 93.52% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be around -93 million yuan, down by approximately 29.90 million yuan year-on-year, which is a decline of about 47.39% [1] - The anticipated operating revenue for 2025 is around 97 million yuan, reflecting a decrease of approximately 105.51 million yuan compared to the previous year, which is a year-on-year decline of about 52.10% [1] - The operating revenue, excluding unrelated business income and income without commercial substance, is expected to be around 90 million yuan, falling below 100 million yuan [1] Business Environment - The company's core business is highly concentrated in the field of online environmental monitoring mass spectrometers, which is currently undergoing a deep adjustment period influenced by government procurement cycles [1] - The company is experiencing transitional pains as it shifts towards new application areas in research and development, with new product revenues not yet compensating for the decline in traditional product lines [1] - The company has proactively implemented quality control measures, strategically selecting and abandoning orders with higher credit risks and longer payment terms, contributing to a reduction in orders and revenue for 2025 [1]

上交所发布关于广州禾信仪器股份有限公司业绩预告事项的监管工作函，涉及对象为上市公司。 ...

证券代码：688622 证券简称：禾信仪器 公告编号：2026-002 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一次风险提示性公告 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。 二、公司股票停牌情况及退市风险警示实施安排 1 如公司2025年度经审计的扣除非经常性损益前后的净利润和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触及《上海证券交易所科创板股票上市规则》第 12.4.2条第一款第（一）项情形，公司股票将于2025年年度报告披露日起开始停牌。披露日为 非交易日的，于次一交易日起开始停牌。 根据《上海证券交易所科创板股票上市规则》规定，上海证券交易所在公司股票停牌之日 后5个交易日内，根据规则规定，对公司股票实施退市风险警示。公司应当按照上海证券交易 所要求在股票被实施退市风险警示前及时发布公告。公司股票自公告披露后的次一交易日起复 牌。公告披露日为非交易日的，于披露后的第二个交易日起复牌。自复牌之日起，上海证券交 易所对公司股票实施退市风险警示。 三、历次风险提示公告的 ...

Financial Performance - The company expects a net profit attributable to shareholders of approximately -89 million yuan for 2025, a decrease of about 43.01 million yuan or 93.52% compared to the previous year[3]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses is approximately -93 million yuan, a decrease of about 29.90 million yuan or 47.39% year-on-year[3]. - The estimated operating revenue for 2025 is around 97 million yuan, down approximately 105.51 million yuan or 52.10% from the previous year[3]. - The operating revenue, excluding unrelated business income and income without commercial substance, is expected to be about 90 million yuan, which is below 100 million yuan[3]. - The company reported a total profit of -57.79 million yuan for 2024, with a net profit attributable to shareholders of -45.99 million yuan[7]. Business Challenges - The decline in performance is primarily due to the core business's heavy reliance on the environmental online monitoring mass spectrometer market, which is undergoing a deep adjustment period[8]. - The company has implemented quality control measures, strategically selecting and abandoning high credit risk orders, leading to a reduction in orders and revenue[8]. - The decrease in government subsidies recognized in the current period has weakened the contribution to total profit[8]. Risk Factors - The company is undergoing asset impairment testing, which may affect the net profit figures due to potential write-downs[10]. - If the audited net profit after deducting non-recurring gains and losses is negative and operating revenue is below 100 million yuan, the company may face delisting risk warnings[4].

Core Viewpoint - The company, Hexin Instruments, is expected to report a net profit loss of approximately 89 million yuan for the year 2025, representing a decline of about 93.52% compared to the previous year [1] Group 1: Reasons for Profit Decline - The core business is highly concentrated in the field of online environmental monitoring mass spectrometers, which is currently undergoing a deep adjustment period influenced by government procurement cycles [1] - The company is experiencing a transitional phase in R&D towards new application areas, with new product revenues not yet compensating for the decline in traditional product lines [1] - The company has strategically chosen to abandon certain high-credit-risk orders with long payment terms, leading to a reduction in orders and revenue for 2025 [1] Group 2: Asset Impairment and Financial Adjustments - The company has made provisions for inventory impairment due to cautious principles, as some long-held inventory has a realizable net value lower than cost [1] - A reduction in government subsidies recognized in the current period compared to the previous year has weakened the contribution to total profit from "other income" [1] - The company has reassessed its deferred tax assets based on updated internal operational plans and external environment predictions, leading to the reversal of certain previously recognized deferred tax assets [1]

Core Viewpoint - HeXing Instruments experienced a decline of 5.96% in stock price on January 29, with a trading volume of 243 million yuan, indicating market volatility and investor sentiment concerns [1]. Financing Summary - On January 29, HeXing Instruments had a financing buy-in amount of 23.49 million yuan, with a net financing buy of 6.23 million yuan after 17.26 million yuan in financing repayments [1]. - The total financing and margin trading balance reached 201 million yuan, accounting for 2.92% of the circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high financing level [1]. - In terms of margin trading, there were no shares sold or repaid on January 29, with a margin balance of 0 shares, placing it in the 90th percentile level over the past year, suggesting a high level of margin trading activity [1]. Company Performance - As of September 30, the number of shareholders for HeXing Instruments increased by 27.54% to 3,228, while the average circulating shares per person decreased by 21.59% to 21,829 shares [2]. - For the period from January to September 2025, HeXing Instruments reported a revenue of 70.54 million yuan, a significant year-on-year decrease of 52.81%, and a net profit attributable to shareholders of -36.20 million yuan, reflecting a 63.40% decline compared to the previous year [2]. Dividend Information - Since its A-share listing, HeXing Instruments has distributed a total of 11.90 million yuan in dividends, with no dividends paid in the last three years [3].

Group 1 - The two major indices of the STAR Market opened slightly lower on January 27, but rebounded significantly after an initial drop, eventually closing with notable gains [1] - The STAR 50 Index closed at 1555.98 points, up 1.51%, with a total trading volume of approximately 102.1 billion yuan, showing a slight decrease compared to the previous trading day [1] - The STAR Composite Index closed at 1889.46 points, up 1.72%, with a total trading volume of about 324.5 billion yuan, also reflecting a slight decrease from the previous day [1] Group 2 - On January 27, 388 stocks in the STAR Market rose, accounting for approximately 64.77% of the total, with semiconductor stocks showing a strong upward trend [1] - In the performance of individual stocks, Shengke Communication and Dongxin Co., Ltd. reached a limit-up of about 20%, while Hexin Instruments saw a decline of 10.26%, marking the largest drop [2] - The average increase for the remaining 599 stocks, excluding suspended stocks, was 1.35%, with an average turnover rate of 3.93% and a total trading volume of 324.48 billion yuan [1]

Group 1 - The core viewpoint of the article emphasizes the need for modifications to the "Regulations on Promoting the Transformation of Scientific and Technological Achievements in Guangdong Province" to address the issue of over 90% reliance on imports for high-end scientific instruments, which is a critical bottleneck for the industry [2] - The chairman of HeXin Instruments, Zhou Zhen, advocates for strengthening the construction of the technology manager team and promoting the collaboration of talent, funding, technology, and industry to support the localization of high-end instruments [2]

证券日报网讯1月19日，禾信仪器在互动平台回答投资者提问时表示，公司正在实施的发行股份及支付 现金购买资产并募集配套资金暨关联交易事项目前仍处于上交所审核过程中，本次交易能否审核通过、 完成注册，以及最终取得审核通过、完成注册的时间均存在不确定性。公司将根据本次交易的进展情 况，按照相关规定和要求及时履行信息披露义务，敬请投资者关注公司在指定信息披露媒体上披露的相 关公告。 ...

Core Viewpoint - Guangzhou Hexin Instrument Co., Ltd. has announced an organizational restructuring aimed at optimizing governance and management efficiency, including the cancellation of the supervisory board and the standardization of the term "shareholders' meeting" to "shareholders' assembly" [1][2]. Group 1: Governance Structure Adjustment - The company has decided to abolish the supervisory board in accordance with the Company Law of the People's Republic of China and relevant provisions of its articles of association [2]. - The term "shareholders' meeting" will be standardized to "shareholders' assembly" to enhance governance clarity and decision-making efficiency [2]. Group 2: Organizational Structure Upgrade - The restructuring focuses on creating a "streamlined, flat, and efficient" organization to better align with business development needs and future strategic planning [3]. - The new organizational structure will emphasize business collaboration and management efficiency improvements, as detailed in the attached organizational chart [3]. Group 3: Impact of Adjustments - The company has stated that the organizational restructuring will not have a significant impact on its production and operational activities [4]. - Market analysis suggests that this move may lay the groundwork for future business expansion and improved management efficiency, particularly by shortening decision-making chains and enhancing market responsiveness [4].