一、董事会会议召开情况 秦川机床工具集团股份公司（以下简称"公司"）第九届董事会第十次会议 于 2025 年 4 月 22 日以书面方式（直接或电子邮件）发出会议通知，2025 年 4 月 27 日以通讯表决方式召开。会议应出席董事 8 人，实际出席董事 8 人。本次 会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的 有关规定。 二、董事会会议审议情况 证券代码：000837 证券简称：秦川机床 公告编号：2025-26 秦川机床工具集团股份公司 第九届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 1 （4）授权董事会对激励对象的解除限售资格、解除限售条件进行审查确认， 并同意董事会将该项权利授予薪酬与考核委员会行使，对符合条件的激励对象办 理解除限售； （5）授权董事会在出现本激励计划所列明的需要回购注销限制性股票的情 形时，按照相关要求办理该部分限制性股票回购注销所必需的全部事宜； （6）授权董事会办理公司本激励计划的变更与终止事宜，包括但不限于取 消激励对象的解除限售资格，对激励对象尚未解除限售的限制性股 ...

秦川机床工具集团股份公司 关于首期限制性股票激励计划获得 陕西省国资委批复的公告 证券代码：000837 证券简称：秦川机床 公告编号：2025-28 公司首期限制性股票激励计划尚需股东大会审议通过后方可实施。公司将积 极推进相关工作，并严格按照《公司法》《证券法》《上市公司股权激励管理办法》 等有关规定，及时履行信息披露义务。 特此公告 秦川机床工具集团股份公司 董 事 会 2025 年 4 月 29 日 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、误导性陈述或重大遗漏。 秦川机床工具集团股份公司（以下简称"公司"）于 2024 年 10 月 8 日召开 第九届董事会第四次会议、第九届监事会第三次会议，分别审议通过了《关于公 司<首期限制性股票激励计划（草案）>及其摘要的议案》等相关议案；于 2025 年 1 月 24 日召开第九届董事会第七次会议、第九届监事会第五次会议，分别审 议通过了《关于公司<首期限制性股票激励计划（草案修订稿）>及其摘要的议 案》等相关议案。上述具体内容详见公司分别于 2024 年 10 月 9 日、2025 年 1 月 25 日在巨潮资讯网（http ...

Investment Rating - The industry investment rating is optimistic [1] Core Insights - The report highlights significant investment opportunities in the humanoid robot sector, particularly in key components such as lead screws, harmonic reducers, and motors, with a projected market size of approximately 288 billion yuan for equipment at a production scale of 1 million humanoid robots [3][10] - The report recommends companies involved in the production of lead screws and harmonic reducers, emphasizing their potential growth in the humanoid robot market [3][5] Summary by Sections 1. Lead Screws - Lead screws are critical components for linear motion in humanoid robots, with a market size of 14 billion yuan for 1 million units produced [15][39] - Recommended companies include Zhejiang Rongtai and Shuanglin Co., with a focus on high-precision grinding machines and automatic straightening machines [3][19] 2. Harmonic Reducers - Harmonic reducers are essential for converting high-speed input to low-speed output while increasing torque, with a market size of 14 billion yuan for 1 million units produced [37][39] - Companies to watch include Meihua Co., Longsheng Technology, and Haoneng Co., with a focus on high-precision grinding and balancing equipment [3][41] 3. Motors - The report discusses the application of hollow cup motors and frameless torque motors in humanoid robots, with market sizes of 280 billion yuan and 204 billion yuan, respectively, at a production scale of 1 million units [3][48] - The report emphasizes the importance of motor technology in enhancing the performance and efficiency of humanoid robots [48] 4. Equipment Market Potential - The total potential market for equipment required for the mass production of humanoid robots is estimated at 288 billion yuan, with significant contributions from high-precision grinding machines and balancing machines [10][44] - The report outlines the necessary equipment and their respective market sizes, highlighting the importance of domestic suppliers in meeting production demands [10][44]

中信证券股份有限公司 关于秦川机床工具集团股份公司 2024年度持续督导培训情况的报告 深圳证券交易所： 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）根据《深圳证 券交易所上市公司自律监管指引第 13 号——保荐业务》对秦川机床工具集团股 份公司（以下简称"秦川机床"、"公司"）进行了 2024 年度持续督导培训，报告 如下： （一）保荐人：中信证券股份有限公司 （二）保荐代表人：陈熙颖、孟德望 （三）协办人：刘垚 （四）培训时间：2025 年 4 月 11 日 （五）培训地点：陕西省宝鸡市渭滨区姜谭路 22 号，办公楼五层会议室 （六）培训人员：马博飞、孟德望 （七）培训对象：公司董事、监事、高级管理人员、中层以上管理人员 中信证券认为：通过本次培训，公司的董事、监事、高级管理人员等相关人 员加深了对中国证券监督管理委员会和深圳证券交易所相关法律、法规、相关业 务规则的了解和认识。本次持续督导培训总体上提高了公司及公司董事、监事、 高级管理人员等相关人员的规范运作意识及对资本市场的理解，有助于提高公司 的规范运作和信息披露水平。 （以下无正文） 2 一、本次持续督导培训的基本情况 （八）培训内容 ...

Group 1 - President Trump expressed dissatisfaction with the Federal Reserve's pace of interest rate cuts but has no plans to dismiss Chairman Powell, urging more aggressive action on interest rates [1] - Treasury Secretary Mnuchin indicated that the current tariff stalemate is unsustainable and expects a resolution in the near future, with Trump acknowledging that tariffs on Chinese imports are too high and likely to be significantly reduced [1][4] - The recent changes in the Trump administration's stance on tariffs have been evident since the suspension of reciprocal tariffs on April 10, with a shift in influence from trade representative Navarro to Mnuchin, who advocates for lower tariffs and interest rates [4][5] Group 2 - The easing of risk aversion led to a significant rise in U.S. stock markets, with the Dow Jones up 2.66%, Nasdaq up 2.71%, and S&P 500 up 2.51%, while the Nasdaq Golden Dragon China Index rose 3.69% [2] - Following the tariff easing, the market's risk appetite improved, leading to a sell-off in previously favored domestic stocks, while sectors like AI and robotics gained strength [7] - The robotics sector experienced a surge, with Tesla's CEO Musk announcing plans for millions of fully autonomous vehicles and thousands of Optimus robots in production by the end of the year, projecting an annual production of one million Optimus robots by 2029 or 2030 [7][8] Group 3 - The market saw a significant sell-off of U.S. assets, with discussions around the potential decline of the dollar's dominance, prompting a necessary compromise from the Trump administration [7][11] - Major sectors leading the market included automotive, machinery, telecommunications, and electrical equipment, while sectors like retail, agriculture, real estate, and beauty care lagged behind [13]

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 000837 | 秦川机床 | 10.04 | 6.71 | 32596.36 | | 002031 | 巨轮智能 | 5.08 | 16.34 | 27228.12 | | 300718 | 长盛轴承 | 12.59 | 18.99 | 21489.90 | | 600031 | 三一重工 | 2.37 | 0.85 | 19899.86 | | 601177 | 杭齿前进 | 9.99 | 9.35 | 19100.11 | | 603667 | 五洲新春 | 7.65 | 12.14 | 18148.03 | | 300007 | 汉威科技 | 10.56 | 23.55 | 17669.84 | | 002278 | 神开股份 | 10.01 | 21.74 | 16682.24 | | 600592 | 龙溪股份 | 9.99 | 10.59 | 15673.74 | | 002204 | 大连重工 | 4.73 | 13.59 | 146 ...

Market Overview - The three major A-share indices rose collectively in the morning session, with the Shanghai Composite Index up 0.04%, the Shenzhen Component Index up 0.7%, and the ChiNext Index up 1.02% [1] - The total market turnover reached 789.2 billion yuan, an increase of 76.6 billion yuan compared to the previous day [1] - Over 3,200 stocks in the market experienced gains [1] Sector Performance - The humanoid robot, automotive parts, consumer electronics, and AI hardware sectors saw the largest gains, while gold, food, retail, and logistics sectors faced declines [1] - Humanoid robot concept stocks surged, with companies like Qin Chuan Machine Tool and Zhao Wei Electric reaching their daily limit [1] - The consumer electronics sector rebounded, with stocks like Tonghuashun and Zhuoyue Technology hitting their daily limit [1] - CPO concept stocks also saw significant increases, with New Yi Sheng rising over 10% and Yi Hua Co. reaching its daily limit [1] - Gold stocks faced adjustments, with Mingpai Jewelry nearing a limit down and several others experiencing significant declines [1] Notable Stocks - Baoshui Technology rose by 5.42%, continuing its trend in state-owned enterprise reform [6] - Hongbaoli fell by 10.00%, continuing its presence on the hot stock list due to its connection with epoxy propylene and photoresist [6] - Qingdao Jinwang and Youfu Co. both increased by 9.96%, benefiting from the internet celebrity economy and state-owned enterprise reform [7] Trading Trends - High-position stocks collectively weakened, with companies like Zhongyida and Guofang Group hitting their daily limit down [22] - The A50 index futures opened higher, reflecting a positive market sentiment [14] - The energy and chemical futures saw significant gains, with fuel futures rising over 3% [15] Recent Developments - Shenzhen launched the first "cross-border e-commerce insurance," marking a significant step in supporting cross-border e-commerce [21] - The Shanghai Gold Exchange's gold index transaction volume exceeded 1 trillion yuan for the first time [25] - The International Star Flash Alliance signed a strategic cooperation agreement with the National Robot Standardization Technical Committee to promote the integration of embodied intelligent robots and new communication standards [27]

Core Viewpoint - The robotics sector is experiencing significant growth, driven by advancements in humanoid robots and upcoming events that highlight technological innovations in the industry [1][3][4]. Group 1: Market Performance - A-share robotics stocks surged, with multiple companies hitting the daily limit, including Qin Chuan Machine Tool and Ri Hai Intelligent, while Hong Kong stocks also saw substantial gains, with Horizon Robotics rising over 13% [2][1]. - Notable increases included Wanda Bearings up over 17% and Changsheng Bearings up over 15% [2]. Group 2: Upcoming Events - The first Embodied Intelligent Robot Sports Conference will be held from April 24 to 26 in Wuxi, focusing on technological advancements and industry innovation in robotics [3]. - The event will feature competitions that test robots' perception, adaptability, and decision-making capabilities, showcasing the industry's progress [3]. Group 3: Tesla's Developments - Elon Musk announced significant progress in Tesla's humanoid robot, Optimus, with expectations to produce thousands of units by the end of 2025 and a target of one million units annually by 2030 [4][5]. - Musk emphasized the importance of localizing the supply chain to mitigate risks and highlighted the potential value of companies that can mass-produce useful humanoid robots and autonomous vehicles [5][6]. Group 4: Industry Projections - The humanoid robot market is expected to reach a production value exceeding 4.5 billion yuan in China by 2025, with several manufacturers planning to produce over a thousand units [6][7]. - The global shipment of humanoid robots is projected to reach between 4 million and 10 million units by 2035, with a compound annual growth rate of 70.6% to 84.9% from 2024 to 2035 [7]. Group 5: Competitive Advantages - China's advantages in the humanoid robot sector include strong capabilities in intelligent systems and a manufacturing supply chain that overlaps significantly with the electric vehicle industry [7]. - The integration of technologies from the electric vehicle sector is expected to accelerate the development and reduce costs for humanoid robots, facilitating their large-scale application [7].

A股减速器概念股走高，吉冈精密涨超20%，双飞集团、襄阳轴承、苏轴股份、秦川机床、宁波东力等 均涨超10%。 ...

Group 1 - The humanoid robot concept stocks experienced a surge in early trading, with Qin Chuan Machine Tool (000837) hitting the daily limit up [1] - Hangzhou Gear (601177) rose over 8%, indicating strong market interest in the sector [1] - Other companies such as Siling Co., Ltd. (301550), Dongtu Technology (300353), and Meili Technology (300611) also saw significant gains [1]