Group 1 - The company, Yuchen Intelligent, stated that as of December 31, 2025, the total number of shareholders will be 4,798 [2]

Group 1 - The company expects a significant increase in losses for the fiscal year 2025, with a projected net profit attributable to the parent company ranging from -165 million to -135 million yuan [3] - The net profit after deducting non-recurring gains and losses is estimated to be between -170.5 million and -140.5 million yuan [3] - The previous year's net profit attributable to the parent company was -127.99 million yuan, indicating a worsening financial situation [5] Group 2 - The main reasons for the expected performance decline include lower gross margins on accepted equipment, increased sales orders leading to higher sales expenses, and the expansion of the production base in Zhongshan, which has resulted in increased management costs [7][8] - The company has also increased its R&D investment to maintain competitiveness, contributing to higher R&D expenses [9]

Core Viewpoint - Yuchen Intelligent (688638.SH) announced that it expects a larger net loss attributable to the parent company for the fiscal year 2025 compared to the previous year, with an estimated net loss ranging from 135 million to 165 million yuan [1] Financial Performance - The company anticipates a net profit attributable to the parent company of a loss between 135 million yuan and 165 million yuan for the year 2025 [1]

Core Viewpoint - Yuchen Intelligent (688638.SH) announced that it expects a significant increase in net loss attributable to shareholders for the fiscal year 2025 compared to the previous year, projecting a net loss of between 135 million to 165 million yuan [1] Financial Performance - The company anticipates a net profit attributable to shareholders of a loss ranging from 135 million yuan to 165 million yuan for the year 2025, indicating a worsening financial outlook compared to the previous year's disclosed data [1]

Core Viewpoint - Yuchen Intelligent (688638.SH) is expected to report an increased loss for the fiscal year 2025, with a projected net profit attributable to the parent company ranging from -165 million to -135 million yuan [1] Financial Performance - The net profit attributable to the parent company, excluding non-recurring gains and losses, is anticipated to be between -171 million and -141 million yuan [1] Reasons for Performance Change - The main reasons for the performance change include: - Low gross margin on equipment accepted during the reporting period [1] - Significant increase in sales orders leading to higher sales expenses [1] - Expansion of production scale due to the commissioning of the Zhongshan production base, resulting in increased management costs such as salaries, depreciation, and operational maintenance [1] - Increased R&D investment to maintain competitiveness, contributing to higher R&D expenses [1]

Core Viewpoint - The company, Yuchen Intelligent, anticipates an increase in net loss for the fiscal year 2025 compared to the previous year, with projected net profit attributable to the parent company ranging from -165 million to -135 million yuan [1] Financial Performance - The expected net profit attributable to the parent company for 2025 is projected to be between -165 million and -135 million yuan, while the net profit after deducting non-recurring gains and losses is expected to be between -171 million and -141 million yuan [1] - In the same period last year, the net profit attributable to the parent company was -128 million yuan, and the net profit after deducting non-recurring gains and losses was -136 million yuan [1] Reasons for Performance Change - The primary reasons for the performance change include lower gross profit margins on equipment accepted during the reporting period [1] - There was a significant increase in sales orders, which led to a rise in sales expenses during the same period [1] - The production base in Zhongshan commenced operations during the reporting period, resulting in increased management costs such as personnel salaries, factory depreciation, and operational maintenance [1] - The company has increased its research and development expenditures to maintain competitiveness, contributing to the rise in R&D costs [1]

Financial Performance - The company expects a net loss attributable to shareholders of the parent company for 2025 to be between -165 million and -135 million yuan, indicating an increase in losses compared to the previous year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -170.5 million and -140.5 million yuan [3]. - In the previous year, the net profit attributable to shareholders was -127.99 million yuan, with a total profit of -149.91 million yuan [4]. Sales and Expenses - There was a significant increase in sales orders, which led to a rise in sales expenses during the reporting period [5]. - The company experienced a low gross profit margin on accepted equipment during the reporting period [5]. Operational Costs - The production base in Zhongshan commenced operations, resulting in increased management costs due to higher salaries, depreciation, and operational maintenance [5]. Research and Development - The company has increased its R&D investment to maintain competitiveness, leading to higher R&D expenses [6]. Forecast and Caution - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by a registered accountant [7]. - Investors are advised to be cautious as the forecast data is preliminary and the final audited financial data will be disclosed in the 2025 annual report [8].

Group 1 - The CPO concept stocks have seen a significant rise, with the sector index increasing by over 3% as of January 21 [1] - Notable stocks include Zhixiang Technology, which rose by 18.85%, and Robotech, which increased by 13.76% [2] - Other companies such as Lian Technology and Kexiang Co. also experienced substantial gains, with increases of 12.79% and 12.71% respectively [2][3] Group 2 - Several companies reached their daily limit up, including Huada Technology, Woge Optoelectronics, and Tongfu Microelectronics, all showing strong performance [3] - The stock of Zhixiang Technology surged by 18%, while Robotech and Lian Technology both rose by over 10% [3] - The overall market sentiment for CPO stocks appears positive, indicating potential investment opportunities in this sector [1][3]

兴业证券股份有限公司 关于深圳市誉辰智能装备股份有限公司 2025 年度持续督导工作现场检查报告 兴业证券股份有限公司（以下简称"兴业证券"或"保荐机构"）作为深圳 市誉辰智能装备股份有限公司（以下简称"誉辰智能"或"公司"）首次公开发 行股票并在科创板上市的持续督导机构，根据中国证监会《证券发行上市保荐业 务管理办法》（以下简称"《保荐办法》"）等相关规定，对誉辰智能 2025 年 1 月 1 日至本次现场检查期间（以下简称"本持续督导期间"）进行了现场检查。 现将本次现场检查情况报告如下： 一、本次现场检查的基本情况 保荐机构于 2025 年 12 月 22 日至 24 日对誉辰智能进行了现场检查。参加人 员为尹涵、付林荫。 在现场检查过程中，保荐机构结合誉辰智能的实际情况，与誉辰智能高级管 理人员进行访谈；现场查看誉辰智能的主要生产经营场所；查阅誉辰智能本持续 督导期间召开的历次股东会、董事会会议资料等；查阅本持续督导期间建立或修 订的公司章程、内控制度文件等；查阅公司定期报告、临时报告等信息披露文件； 了解公司本持续督导期间发生的关联交易、对外投资；查阅公司募集资金台账、 募集资金使用凭证、募集资金账 ...

Core Viewpoint - Shenzhen Yuchen Intelligent Equipment Co., Ltd. has applied for a merger loan of 90 million RMB by pledging 60% equity of its subsidiary, Shenzhen Jiayang Battery Co., Ltd. [1][2] Group 1: Loan Application and Pledge - The company approved a proposal to apply for a merger loan and pledge equity at the board meeting held on November 24, 2025 [1] - The loan amount is set at 90 million RMB, which will be used for acquiring equity in Jiayang Battery or replacing previously paid merger transaction amounts [1] - The company signed the domestic merger loan contract and pledge contract with Bank of China Shenzhen Baoan Branch [2] Group 2: Equity Pledge Details - The company completed the registration of the pledge for 60% equity in Jiayang Battery on December 30, 2025 [2] - The pledged equity amounts to 6 million shares of Jiayang Battery [2] - The pledge registration number is 202512295577, and the relevant documents have been issued [2]