Core Viewpoint - The company has approved the use of up to RMB 190 million of temporarily idle raised funds for cash management, aiming to enhance fund utilization efficiency and generate returns for the company and its shareholders [2][8]. Fund Management and Usage - The company will utilize the raised funds in a manner that does not affect the construction of investment projects or normal operations, with a maximum of RMB 190 million allocated for cash management over the next 12 months [2][8]. - The funds will be invested in low-risk, high-liquidity financial products with capital protection agreements, such as structured deposits, time deposits, and large-denomination certificates of deposit [5][8]. Fundraising Overview - The company was authorized to issue 7 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 700 million, with a net amount of RMB 690 million after deducting issuance costs [2][3]. Investment Purpose and Strategy - The objective of using idle funds for cash management is to improve the efficiency of fund usage and increase returns for the company and its shareholders, while ensuring that investment projects proceed as planned [4][6]. - The company has established strict risk control measures, ensuring that investments are made only in safe and liquid financial products [5][6]. Approval and Oversight - The board of directors and the audit committee have unanimously agreed to the cash management proposal, confirming that it aligns with legal regulations and does not harm the interests of the company or its shareholders [8][9].

中信证券股份有限公司 根据《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 1 号——规范运作》《上市公司募集资金监管规则》等有关 法律、法规的规定，中信证券股份有限公司（以下简称"保荐机构"）作为福立 旺精密机电（中国）股份有限公司（以下简称"福立旺"或"公司"）持续督导 工作的保荐机构，对福立旺继续使用部分暂时闲置募集资金进行现金管理事项进 行了审慎核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同 意福立旺精密机电（中国）股份有限公司向不特定对象发行可转换公司债券注册 的批复》（证监许可[2023]1282 号），福立旺精密机电（中国）股份有限公司（以 下简称"福立旺"或"公司"）获准向不特定对象发行可转换公司债券 700 万张， 每张债券面值为人民币 100 元。本次发行合计募集资金人民币 700,000,000.00 元， 扣除不含税的发行费用人民币 9,951,981.13 元后，募集资金净额为人民币 690,048,018.87 元。上述募集资金已全部到位，并经中汇会计师事务所（特殊普 通合伙）审验并出 ...

| 证券代码：688678 | 证券简称：福立旺 | 公告编号：2025-060 | | --- | --- | --- | | 转债代码：118043 | 转债简称：福立转债 | | －1－ 为规范公司募集资金管理和使用，保护投资者权益，公司对募集资金实施专 户存储管理，并与中信证券股份有限公司以及募集资金存储银行签署了《募集资 金专户存储三方监管协议》。公司、全资子公司福立旺精密机电（南通）有限公 司、保荐机构中信证券股份有限公司和募集资金监管银行签署了《募集资金专户 存储四方监管协议》。 二、募集资金使用及闲置原因 根据《福立旺精密机电（中国）股份有限公司向不特定对象发行可转换公司 债券募集说明书》，公司向不特定对象发行可转换公司债券的实际募集资金在扣 除发行费用后用于以下项目： 单位：万元 福立旺精密机电（中国）股份有限公司 关于使用部分暂时闲置募集资金 进行现金管理的公告 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。 福立旺精密机电（中国）股份有限公司（以下简称"福立旺"或"公司"） 于 2025 年 8 月 ...

Summary of Key Points from Conference Call Records Industry Overview - The focus is on the PCB equipment and robotics sectors, highlighting several companies with strong growth potential and investment opportunities. Key Companies and Their Insights 1. Yinlong Co., Ltd. (银龙股份) - Valuation is considered low with an expected upside of 50% due to performance growth and involvement in Western development projects like the墨脱 and 新藏铁路 [1][2] - Conservative profit forecast for 2026 is 600 million, corresponding to a market value of 12 billion [1][8] - Four major catalysts for growth include performance, Western development projects, collaboration with a core robotics company in Shanghai, and expansion into deep-sea technology applications [4] 2. Yongchuan Intelligent (永创智能) - Holds advantages in the robotics application field, particularly in wheeled dual-arm robots, with successful order conversions from clients like Nongfu Spring [1][9] - Expected main business profit for 2025 is 200 million, with a corresponding market value of 3 billion [1][10] - The company is developing second and third-generation robot products, enhancing its competitive edge [9] 3. Fuliwang (福利旺) - Specializes in micro lead screws, essential components for robotic dexterous hands, and is collaborating with a well-known TIER one company [1][11] - Involved in the Apple AirPods Pro project, providing ultra-high precision structural components, which may benefit from increased shipments of the next generation of AirPods [11] 4. Hengli Hydraulic (恒立液压) - Progressing well both domestically and internationally, particularly with projects involving Xiaomi and Xiaopeng, with a recent recovery in its main business [1][14] - Expected market value could exceed 120 billion [1] 5. Hanwei Technology (汉威科技) - Anticipates breakthroughs in its third-generation products by September to October, with a significant increase in value for Tesla projects [3][16] - Expected to gradually increase its equity stake in a partner company, Enerstar [3][16] 6. Longsheng Technology (隆盛科技) - Noted for being significantly undervalued, with a combined market value for its main and robotics businesses expected to reach around 20 billion [3][16] PCB Equipment Industry Insights - The PCB equipment sector is projected to perform strongly in 2025, with orders expected to double, driven by investments in high-layer boards [3][20] - Anticipated growth rate for 2026 is over 30%, despite market concerns about a potential slowdown [20][21] - Significant capital expenditure growth of 40% year-on-year in 2025, primarily due to high-layer board investments [21][23] Additional Observations - The deep-sea technology sector is highlighted as a key development area, with companies like Yinlong Co. having products suitable for deep-sea applications [5] - The robotics sector is seeing a shift towards automation and advanced manufacturing technologies, with companies like Yongchuan and Fuliwang positioned to benefit from these trends [6][19] - The overall sentiment in the PCB equipment industry remains optimistic, with expectations of continued growth driven by technological advancements and increased demand [20][24] Conclusion - The conference call highlighted several companies with strong growth potential in the PCB equipment and robotics sectors, driven by technological advancements, strategic collaborations, and favorable market conditions. Investors are encouraged to consider these companies for potential investment opportunities.

Group 1 - The A-share market for consumer electronics stocks showed strong performance, with notable increases in share prices for several companies [1] - Hongfuhuan saw a rise of over 14%, while Aohai Technology hit the 10% limit up, indicating robust investor interest [1] - Other companies such as Feiwo Tai, Goer Tech, Fuliwang, and Lingyi Technology also experienced significant gains, with increases exceeding 8% [1] Group 2 - A detailed table lists various companies along with their stock codes, price changes, total market capitalization, and year-to-date performance [2] - Aokai Ai had a price increase of 14.25% with a total market value of 5.829 billion [2] - Aohai Technology recorded a 9.99% increase, bringing its market cap to 15.1 billion, and a year-to-date increase of 36.97% [2] - Feiwo Tai's stock rose by 8.34%, with a market cap of 6.974 billion and a year-to-date increase of 33.96% [2] - Goer Tech's stock increased by 8.08%, with a market cap of 98.6 billion and a year-to-date increase of 10.19% [2] - Fuliwang's stock rose by 8.01%, with a market cap of 7.202 billion and a remarkable year-to-date increase of 88.10% [2] - Lingyi Technology's stock increased by 8.00%, with a market cap of 76.6 billion and a year-to-date increase of 36.96% [2]

Group 1 - The consumer electronics sector in the A-share market has shown strong performance, with notable gains in several stocks [1] - Hongfuhuan increased by over 14%, while Aohai Technology hit the 10% limit up, indicating robust investor interest [1] - Other companies such as Feiwo Tai, Goer Tech, and Fuliwang also experienced significant increases, with gains exceeding 8% [1] Group 2 - A detailed table lists various companies, their stock codes, percentage increases, total market capitalization, and year-to-date performance [2] - For instance, Aojian Trade (301086) saw a rise of 14.25% with a market cap of 5.829 billion, and a year-to-date increase of 29.62% [2] - Aohai Technology (002993) recorded a 9.99% increase, with a market cap of 15.1 billion and a year-to-date rise of 36.97% [2]

Group 1 - The company achieved significant revenue growth in its 3C precision metal components business, with a revenue of 793 million yuan in 2024, representing a year-on-year increase of 40.26%. The wearable precision metal components, especially for headphones, showed strong performance [1] - The automotive precision metal components business also saw growth, with revenue reaching 223 million yuan in 2024, a year-on-year increase of 21.12%, and a gross margin of 14.22%, up by 2.77 percentage points. The company successfully expanded into various new projects in this sector [1] - The company has established a subsidiary focused on humanoid robotics, investing 1 billion yuan in the project, which is set to commence construction on May 8, 2025. This initiative aims to leverage the company's expertise in precision metal manufacturing [2] Group 2 - The company possesses 13 core technologies focused on high-precision and high-efficiency forming of components, which are crucial for its long-term quality development [2] - Revenue projections for the company are optimistic, with expected revenues of 1.758 billion yuan, 2.426 billion yuan, and 3.190 billion yuan for the years 2025 to 2027, alongside net profits of 163 million yuan, 249 million yuan, and 308 million yuan respectively [3] - The company is well-positioned for future growth through its humanoid robotics initiatives and expected improvements in average selling prices (ASP) in its main business [3]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [3][5]. Core Insights - The company is experiencing significant revenue growth in its 3C precision metal components, particularly in the wearable sector, with a projected revenue of 793 million yuan in 2024, representing a year-on-year increase of 40.26% [1]. - The automotive components segment also shows promising growth, with revenue expected to reach 223 million yuan in 2024, a 21.12% increase, and an improved gross margin of 14.22%, up by 2.77 percentage points [1]. - The company has established a subsidiary focused on humanoid robotics, investing 1 billion yuan to develop components such as micro screws and springs, indicating a strategic shift towards diversifying its product offerings [2]. Financial Summary - Revenue is projected to grow from 1.285 billion yuan in 2024 to 3.190 billion yuan by 2027, with corresponding net profits increasing from 55 million yuan to 308 million yuan over the same period [4][12]. - The company’s earnings per share (EPS) is expected to rise from 0.26 yuan in 2024 to 1.19 yuan in 2027, reflecting a strong growth trajectory [12]. - The price-to-earnings (P/E) ratio is forecasted to decrease from 57.12 in 2024 to 21.61 by 2027, indicating improving valuation metrics as the company scales [12].

Group 1 - The stock price of Fuliwang (688678) closed at 25.67 yuan on August 8, 2025, down 2.95% with a turnover rate of 4.68% and a trading volume of 121,300 hands, amounting to 312 million yuan [1] - The latest financial report for Fuliwang shows total revenue of 338 million yuan for Q1 2025, a year-on-year increase of 37.60%, while net profit attributable to shareholders was 14.09 million yuan, a decrease of 48.04% [1] - The company has a current ratio of 1.431, a quick ratio of 1.061, and a debt-to-asset ratio of 48.00% [1] Group 2 - Fuliwang has made investments in 4 companies and participated in 85 bidding projects [2] - The company holds 24 trademark registrations and 723 patents, along with 65 administrative licenses [2] - Fuliwang was established in 2006 and is primarily engaged in the manufacturing of computers, communications, and other electronic devices [1][2]

证券代码：688678 证券简称：福立旺 公告编号：2025-059 转债代码：118043 转债简称：福立转债 福立旺精密机电（中国）股份有限公司 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： ? 可转债付息债权登记日：2025 年 8 月 13 日 ? 可转债除息日：2025 年 8 月 14 日 ? 可转债兑息日：2025 年 8 月 14 日 福立旺精密机电（中国）股份有限公司(以下简称"公司")于 2023 年 8 月 日至 2025 年 8 月 13 日期间的利息。根据《福立旺精密机电（中国）股份有限 公司向不特定对象发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"） 有关条款的规定，现将有关事项公告如下： 一、可转债发行上市概况 根据中国证券监督管理委员会出具的《关于同意福立旺精密机电(中国)股份 有限公司向不特定对象发行可转换公司债券注册的批复》(证监许可[2023]1282 号)，福立旺精密机电(中国)股份有限公司(以下简称"公司")获准向不特定对 象发行可转换公司债券 70 ...