湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-41 湖北京山轻工机械股份有限公司 关于首次回购公司股份的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或者重大遗漏。 湖北京山轻工机械股份有限公司（以下简称"公司"）于 2025 年 10 月 23 日召开十一届董事会第十二次会议、十一届监事会第十二次会议，审议通过了《关 于回购股份方案暨取得回购专项贷款承诺函的议案》，同意公司用不低于人民币 6,850 万元（含），且不超过人民币 13,700 万元（含）的自有资金及股票回购 专项贷款回购公司已发行的境内上市人民币普通股（A 股），回购的股份将全部 用于股权激励或员工持股计划,回购股份价格不超过人民币 19.00 元/股（含）, 自董事会审议通过回购股份方案之日起不超过 12 个月。具体内容详见公司于 2025 年 10 月 25 日在《证券时报》《中国证券报》《上海证券报》《证券日报》 和巨潮资讯网（www ...

京山轻机公告，公司于2025年11月18日首次通过回购专用证券账户以集中竞价交易方式实施回购股份， 回购股份数量为75万股，占公司目前总股本比例为0.12%，最高成交价为13.64元/股，最低成交价为 13.48元/股，合计支付的总金额为1017.22万元（不含交易费用）。 ...

Core Viewpoint - Yushu Technology Co., Ltd. plans to submit its IPO application in Q4 2025, marking a significant milestone as the first profitable humanoid robot company globally, which is expected to attract attention to the entire humanoid robot industry chain [1] Shareholding/Investment - Juxing Technology holds shares in Yushu Technology through its subsidiary, ensuring clear equity investment and direct asset appreciation [3] - Jing Shan Light Machine participated in Yushu's early investment through an industrial investment fund, though specific shareholding ratios are not disclosed [3] - Shoukai Co., Ltd. indirectly holds approximately 0.85% of shares through the Jinshi Growth Fund, indicating a relatively high indirect shareholding among A-share listed companies [3] - Jinfat Technology holds 4.77% indirectly through the Jinshi Growth Fund and is a leading chemical materials company with over 60% market share in robot shell materials, reporting a 35.5% revenue growth in H1 2025 [3] - Wolong Electric Drive holds 0.1525% indirectly and has seen a 36.76% net profit increase in H1 2025, with a gross margin of 28% [3] - Other companies like Jingxing Paper and Rongsheng Environmental Protection hold minor indirect stakes, primarily for financial investment [3][4] Core Suppliers - Zhongdali De is the core supplier of planetary reducers, with orders locked at 3.2 billion yuan for 2025, accounting for 36% of Yushu's costs [6] - Changsheng Bearings exclusively supplies self-lubricating bearings with over 80% penetration, expecting 8% of its revenue from robot business in 2025 [6] - Aobi Zhongguang is the sole supplier of 3D vision modules, with a supply ratio of 72% and a doubling of revenue in H1 2025 [6] - Lide Technology provides flexible tactile sensors, breaking the monopoly of Korean companies [6] - Weilan Lithium Core is the core supplier of lithium batteries for Yushu, with an expected 60% supply ratio in 2024 [6] Technical Cooperation Partners - iFLYTEK collaborates on developing the "robot brain," with a leading position in voice recognition and a planned R&D investment of 2.392 billion yuan in 2025 [8] - Lingyun Optical is jointly developing the FZMotion motion capture system, achieving high precision and expected stock price growth of over 200% in 2025 [8] - Zhongke Chuangda provides motion control algorithms and holds 1.86% of shares, with strong adaptability in edge computing modules [8] - Other partners include Shuanglin Co., Ltd. and Shengtong Co., Ltd., focusing on various components and educational collaborations in robotics [8][9]

Core Insights - The perovskite solar cell sector has seen significant stock price increases, with companies like Zhonglai Co. rising by 20% and several others experiencing gains of over 10% due to advancements in perovskite solar technology [1][2]. Industry Developments - A research team from the Chinese Academy of Sciences has developed a perovskite solar cell prototype with a conversion efficiency of 27.2%, marking a critical step towards industrialization [2]. - The first GW-level perovskite photovoltaic module production line has commenced operations in Wuxi, Jiangsu, capable of producing approximately 1.8 million perovskite solar modules annually [2]. Market Trends - The perovskite solar cell technology is recognized as a potential next-generation photovoltaic technology due to its high theoretical conversion efficiency and low material costs [3]. - The industry is experiencing a shift towards supply chain autonomy and technological advancements, with significant milestones being achieved in production capabilities [4]. Investment Opportunities - Analysts suggest focusing on companies benefiting from supply-side reforms and technological upgrades, including Longi Green Energy, JA Solar, and JinkoSolar [4]. - The ongoing development of perovskite technology is expected to create long-term growth opportunities for firms like Maiwei Co. and Aisxu Co. [4].

特别提示: 1. 本次股东大会未出现否决议案的情形。 2. 本次股东大会未涉及变更以往股东大会已通过的决议。 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2025-40 湖北京山轻工机械股份有限公司 2025 年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、会议召开和出席的情况 （一）会议召开情况： 1.召开时间： （1）现场会议时间：2025年11月11日（星期二）14:30； （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 11 月 11 日 的交易时间，即 9:15—9:25,9:30—11:30 和 13:00—15:00； 通过深圳证券交易所互联网投票系统投票开始时间为 2025 年 11 月 11 日 09:15 至 2025 年 11 月 11 日 15:00； 2.召开地点：本次会议现场召开地点为湖北省武汉市江汉经济开发区 ...

国浩律师（武汉）事务所 关于湖北京山轻工机械股份有限公司 2025 年第一次临时股东大会的 法律意见书 武汉市洪山区欢乐大道 1 号宏泰大厦 21 楼 邮编：430077 21st Floor,Hongtai Building,No.1 Huanle Avenue,Hongshan District,Wuhan City,China,430077 电话/Tel: (+86)(027) 87301319 传真/Fax: (+86)(027) 87265677 网址/Website:http://www.grandall.com.cn 二〇二五年十一月 国浩律师（武汉）事务所 法律意见书 国浩律师（武汉）事务所 关于湖北京山轻工机械股份有限公司 2025 年第一次临时股东大会的 法律意见书 2025 鄂国浩法意 GHW203 号 致：湖北京山轻工机械股份有限公司 国浩律师（武汉）事务所（以下简称"本所"）担任湖北京山轻工机械股份 有限公司（以下称"公司"）之常年法律顾问，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司股东会规则）》（以下简 ...

Core Viewpoint - The A-share market has seen a strong performance in the power equipment sector, with several stocks reaching their daily limit up. Group 1: Stock Performance - Tongrun Equipment and Igor both hit the daily limit up [1] - Nandu Power surged over 8% [1] - Penghui Energy increased by more than 7% [1] - Shenghong Co., Haibosi Chuang, and Yiwei Lithium Energy all rose over 6% [1] - Jing Shan Light Machine, Sunshine Power, and Oriental Sunrise gained over 5% [1] - Suwen Electric and Junda Co. increased by more than 4% [1]

Group 1 - The core viewpoint of the news is that Jing Shan Light Machine has seen a significant increase in stock price, rising by 5.28% to reach 13.16 CNY per share, with a trading volume of 288 million CNY and a turnover rate of 3.72%, resulting in a total market capitalization of 8.197 billion CNY [1] - Jing Shan Light Machine, established on March 30, 1993, and listed on June 26, 1998, is located in the Jing Shan Economic Development Zone in Hubei Province. The company specializes in photovoltaic intelligent equipment and packaging intelligent equipment [1] - The main revenue composition of Jing Shan Light Machine includes 68.96% from photovoltaic automation production lines, 19.59% from other sources, and 11.45% from packaging automation production lines [1] Group 2 - Among the top ten circulating shareholders of Jing Shan Light Machine, a fund under Southern Fund ranks first. The Southern CSI 1000 ETF (512100) reduced its holdings by 62,700 shares in the third quarter, now holding 4.555 million shares, which accounts for 0.75% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 26.26%, ranking 2020 out of 4216 in its category, while the one-year return is 24.36%, ranking 1857 out of 3901 [2] - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 7 years. The total asset scale under management is 122.76 billion CNY, with the best fund return during the tenure being 175.38% and the worst being -15.93% [2]

Core Viewpoint - The company announced adjustments to the exchange price of its convertible bonds due to recent cash dividend distributions and market conditions affecting its stock price [1][3][5]. Group 1: Convertible Bonds Information - The controlling shareholder, Jingyuan Technology, issued a non-public convertible bond totaling RMB 200 million with an initial exchange price of RMB 17.00 per share on October 24, 2023 [1]. - The exchange price was adjusted to RMB 16.91 per share after a cash dividend of RMB 0.87 per 10 shares was distributed on June 28, 2024 [2]. - Following another cash dividend of RMB 0.70 per 10 shares on July 8, 2025, the exchange price was further adjusted to RMB 16.84 per share [2]. Group 2: Price Adjustment Conditions - The bond's exchange price can be adjusted downwards if the stock price falls below 85% of the current exchange price for at least 10 out of 20 consecutive trading days [3]. - The adjusted exchange price, effective from November 7, 2025, will be set at RMB 14.50 per share due to the triggering of the downward adjustment condition [3]. Group 3: Share Buyback Plan - The company approved a share buyback plan with a budget between RMB 68.5 million and RMB 137 million, with a maximum buyback price of RMB 19.00 per share [6]. - As of October 31, 2025, the company had not yet repurchased any shares through the designated securities account [6].

Core Viewpoint - As of October 31, 2025, the company has not repurchased its A-shares through a dedicated securities account via centralized bidding [1] Summary by Category - **Company Announcement** - The company, Jing Shan Light Machine (stock code: 000821), announced that it has not engaged in any share repurchase activities as of the specified date [1]