证券代码：000026 200026 证券简称：飞亚达 飞亚达 B 公告编号：2026-006 飞亚达精密科技股份有限公司 第十一届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈述或者重 大遗漏。 一、董事会会议召开情况 飞亚达精密科技股份有限公司（以下简称"公司"）第十一届董事会第十四次会议在 2026 年 2 月 28 日以电子邮件形式发出会议通知后于 2026 年 3 月 12 日（星期四）以现场结合通讯 表决方式召开，其中现场会议召开地点为飞亚达科技大厦 20 楼会议室。本次会议由董事长周 进群先生主持，应出席董事 8 人，实际出席董事 8 人，部分高级管理人员列席会议。会议的召 开符合有关法律法规及《公司章程》的规定。 二、董事会会议审议情况 （一）会议以 8 票同意，0 票反对，0 票弃权通过了《2025 年度报告及摘要》； 公司董事会全体成员保证 2025 年度报告的内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 具体内容详见在巨潮资讯网披露的《2025 年年度报告》全文及《2025 年年度报告摘要 2026-007》。 ...

1、本次利润分配为 2025 年度利润分配。 证券代码：000026 200026 证券简称：飞亚达 飞亚达 B 公告编号：2026-008 飞亚达精密科技股份有限公司 关于 2025 年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈述或者重 大遗漏。 一、审议程序 2026 年 3 月 12 日，飞亚达精密科技股份有限公司（以下简称"公司"）召开第十一届董 事会第十四次会议，审议通过了《关于 2025 年度利润分配的议案》，该议案尚需提交公司 2025 年度股东会审议。 二、利润分配方案的基本情况 2、按照《公司法》和公司章程规定，公司分配当年税后利润时，应当提取利润的 10%列 入公司法定公积金，公司法定公积金累计额为公司注册资本的 50%以上的，可以不再提取。公 司法定公积金期初累计额为 275,010,401.50 元，已达公司注册资本的 50%，本年度不提取法 定公积金及任意公积金。公司不存在需要弥补亏损的情况。 经容诚会计师事务所（特殊普通合伙）审计，公司 2025 年合并报表归属于母公司股东的 净利润为 87,317,829.63 元，母公 ...

飞亚达精密科技股份有限公司 2025 年年度报告全文 飞亚达精密科技股份有限公司 2025 年年度报告 2026 年 3 月 1 飞亚达精密科技股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 任。 公司负责人周进群、主管会计工作负责人宋瑶明及会计机构负责人（会 计主管人员）江海明声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，敬请投资者注意投资风险。 本报告中描述了公司可能面对的风险因素，敬请查阅第三节管理层讨论 与分析中关于公司未来发展展望的内容。 公司经本次董事会审议通过的利润分配预案为：以利润分配方案未来实 施时股权登记日的股本总数为基数，向全体股东每 10 股派发现金红利 1.20 元（含税），送红股 0 股（含税），不以公积金转增股本。 本报告分别以中英文两种文字编制，在对本报告理解发生歧义时，以中 文 ...

Core Viewpoint - Gemilai Holdings Limited, a semi-automatic espresso machine brand, has officially initiated its IPO process in Hong Kong, with CITIC Securities as the sole sponsor. The funds raised will be used for production facility expansion, digitalization, brand marketing, service system development, and R&D enhancement over the next five years [1][12]. Financial Performance - In 2023, 2024, and the first three quarters of 2025, Gemilai achieved total revenues of 308 million yuan, 498 million yuan, and 449 million yuan, with year-on-year growth rates of 61.7% and 44.1% respectively. Annual profits recorded were 22.05 million yuan, 40.06 million yuan, and 53.97 million yuan, with year-on-year increases of 81.8% and 363.4% [1][12]. - By 2024, Gemilai held approximately 16.0% market share in the semi-automatic espresso machine market and 27.9% in the split-type semi-automatic coffee machine market, both ranking first [1][12]. Product Focus - Gemilai's core product is the split-type semi-automatic espresso machine, which requires a separate grinder. Revenue from home, dual-use, and commercial espresso machines accounted for over 85% of total revenue, with home espresso machines contributing over 40% to total revenue and about 70% to total sales volume [2][13]. - The average selling price of home espresso machines increased by 32.8% in the first nine months of 2025 compared to the full year of 2024, driving a significant revenue increase of 46.9% in this segment [2][13]. Market Dynamics - The domestic market is Gemilai's primary battleground, with revenue share from China rising from 69.7% in 2023 to 80.9%. However, international performance has been disappointing, with revenue from several Asian countries dropping from 16.7% to 14.3%, and from the U.S. market plummeting from 10.1% to 2.3% [3][14]. - Revenue from other markets, including Europe and South America, decreased by 16.2%, accounting for only 2.5% of total revenue as of September 30, 2025 [3][14]. Competitive Landscape - Gemilai's focus on split-type semi-automatic espresso machines and domestic individual consumers raises questions about its long-term sustainability. The market for home coffee machines is still in its early education phase, with higher usage barriers compared to fully automatic and capsule machines [5][17]. - The pricing of Gemilai's products is not competitive, as entry-level models from leading brands like DeLonghi are significantly cheaper. Competing brands like Xiaomi and Bear have prices as low as a few hundred yuan [5][17]. R&D and Marketing Expenditure - To break into new markets, Gemilai should increase R&D investment, but its R&D expense ratio has decreased from 6.7% in 2023 to 3.7% in the first three quarters of 2025. In contrast, sales and marketing expenses have risen, accounting for 20.2%, 22.0%, and 21.1% of total revenue during the same period [6][18]. - The customer acquisition cost has surged by 80.1%, from approximately 249.76 yuan in 2023 to about 449.74 yuan in the first nine months of 2025 [7][18]. Cash Flow and Dividend Policy - Despite a significant increase in net profit, cash reserves have dwindled. From 2023 to 2024, net profit rose from 22.05 million yuan to 40.06 million yuan, but cash and cash equivalents only increased by 36.50 million yuan and 5.50 million yuan respectively [8][19]. - Gemilai has a high cash dividend payout ratio, distributing 25 million yuan in cash dividends in both 2023 and 2024, which accounted for 113.6% and 62.5% of net profit for those years. In 2025, it distributed 80 million yuan, approximately 1.48 times its annual net profit [8][19]. Management Background - The management team of Gemilai includes several former executives from the A-share listed watch manufacturer, Fiyata, which may lead to strategic homogeneity and governance risks due to overlapping relationships and dependencies [11][22].

飞亚达精密科技股份有限公司 证券代码：000026 200026 证券简称：飞亚达 飞亚达 B 公告编号：2026-005 特此公告 飞亚达精密科技股份有限公司 董 事 会 二○二六年二月二十六日 关于拟收购陕西长空齿轮有限责任公司股权暨关联交易的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈述或者重 大遗漏。 飞亚达精密科技股份有限公司（以下简称"公司"）于 2025 年 6 月 4 日与汉中汉航机电有 限公司签署了《股权收购意向协议》，拟以现金方式收购陕西长空齿轮有限责任公司（以下简 称"长空齿轮"）的全部或部分控股权（以下简称"本次收购"），具体内容详见公司于 2025 年 6 月 5 日在巨潮资讯网披露的《关于签署股权收购意向协议暨关联交易的公告 2025-018》。 基于长空齿轮的国有独享资本公积转股事宜已完成，公司于 2025 年 7 月 12 日在巨潮资讯网披 露了《关于拟收购陕西长空齿轮有限责任公司股权暨关联交易的进展公告 2025-022》。 截至目前，交易各方正在推进本次收购所涉及的审计、评估及国有资产评估备案等各项工 作，待相关工作完成后，将以 ...

飞亚达精密科技股份有限公司（以下简称"公司"）董事会近日收到高级管理人员陆万军 先生提交的书面辞职报告。陆万军先生因工作原因，申请辞去公司副总经理职务，辞去上述职 务后仍担任公司总法律顾问职务。 根据《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等规定， 陆万军先生的辞职报告自送达公司董事会之日起生效。 截至本公告披露日，陆万军先生持有本公司股票 160,050 股。陆万军先生不存在未履行完 毕的公开承诺，辞去副总经理职务后，将继续遵守《上市公司董事和高级管理人员所持本公司 股份及其变动管理规则》、《深圳证券交易所上市公司自律监管指引第 10 号——股份变动管 理》等法律法规中关于股份管理的有关规定。 证券代码：000026 200026 证券简称：飞亚达 飞亚达 B 公告编号：2026-004 飞亚达精密科技股份有限公司 关于高级管理人员职务调整的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导性陈述或者重 大遗漏。 飞亚达精密科技股份有限公司 董 事 会 二○二六年二月十三日 特此公告 ...

Summary of Conference Call Notes Company and Industry Involved - The company discussed is Feiya, which is involved in the precision gear and watch industries, particularly focusing on the acquisition of Chang Kong Gear, a subsidiary of AVIC (Aviation Industry Corporation of China) [1][2]. Core Points and Arguments - **Acquisition of Chang Kong Gear**: - Feiya signed a share acquisition intention agreement with Hanhang Electromechanical in June 2025 to acquire all or part of the controlling stake in Chang Kong Gear [1]. - Chang Kong Gear is the only precision gear manufacturer under AVIC, with an audited revenue of 370 million yuan and a net profit of 20 million yuan projected for 2024 [1]. - The acquisition is expected to open up diverse application scenarios, including humanoid robots [2]. - **Focus on Precision Gears and Reducers**: - Chang Kong Gear specializes in high-precision small modulus gears and reducers, which are used in aerospace precision processing and humanoid robot joint drive systems [2]. - The company has a comprehensive quality system and covers the entire process from gear teeth to surface treatment [2]. - It has participated in national projects for the domestic replacement of harmonic reducers used in industrial robots [2]. - **Watch Business Resilience**: - The watch segment shows resilience, with ongoing optimization of stores and expenses [3]. - High-end brands like Rolex constitute a significant portion of the business, which is less affected by weakening consumer demand [4]. - **Positive Response to Domestic Products**: - National-themed products, including those related to aerospace, have received favorable responses, and progress has been made in the development of key components for domestic movements [5]. - The company plans to adhere to a "dual-wheel drive" strategy over the next 5-10 years, with stable growth in the watch business and the precision technology sector gradually becoming a new growth engine [5]. Other Important but Possibly Overlooked Content - The strategic focus on both the watch and precision technology sectors indicates a balanced approach to growth, leveraging existing strengths while exploring new opportunities [5].

Core Viewpoint - Feiya Company is exploring a potential acquisition of a controlling stake in Chang Kong Gear to enhance business collaboration and capabilities in the precision mechanical components manufacturing sector [1] Group 1: Business Collaboration - Feiya Company and Chang Kong Gear have a foundation for production and technical collaboration in the precision mechanical components manufacturing field [1] - Chang Kong Gear possesses years of expertise in mechanical design and precision manufacturing processes, while Feiya Company has advantages in R&D, market access, and talent resources [1] Group 2: Acquisition Plans - The company plans to acquire a controlling stake in Chang Kong Gear to promote collaborative development of capabilities and business [1] - The transaction plan is not yet finalized, indicating existing uncertainties regarding the acquisition [1]

Core Viewpoint - The company plans to acquire a controlling stake in Chang Kong Gear to enhance collaboration in precision mechanical component manufacturing, leveraging both parties' strengths in technology and market resources [1] Group 1: Company Strategy - The company has identified a strategic partnership with Chang Kong Gear, which has extensive experience in mechanical design and precision manufacturing processes [1] - The acquisition aims to promote synergy in capabilities and business development between the two companies [1] - The transaction plan is still under consideration and remains uncertain at this stage [1]

Core Viewpoint - The company plans to acquire a controlling stake in Chang Kong Gear to enhance collaboration in precision mechanical component manufacturing, leveraging both parties' strengths in technology and market resources [1] Group 1: Company Strategy - The company has identified a strategic partnership with Chang Kong Gear, which possesses extensive experience in mechanical design and precision manufacturing processes [1] - The acquisition aims to promote synergy in capabilities and business development between the two companies [1] Group 2: Transaction Details - The transaction plan for acquiring Chang Kong Gear's controlling stake is still under consideration and remains uncertain at this stage [1]