证券代码：000837 证券简称：秦川机床 公告编号：2025-64 秦川机床工具集团股份公司 第九届董事会第十九次会议决议公告 二、董事会会议审议情况 1、审议通过《关于控股子公司增资扩股引入投资者暨关联交易的议案》； 公司控股子公司陕西智能机床创新中心有限公司（以下简称"智能机床公司"） 拟进行增资扩股并引入投资者，新增注册资本 15,000 万元，即注册资本由 5,000 万元变更为 20,000 万元。公司以持有的西安秦川思源测量仪器有限公司、西安 秦川数控系统工程有限公司、秦川集团（西安）技术研究院有限公司 3 家子公司 股权及部分现金增资；智能机床公司其余原股东及本次新引入的投资者均以现金 增资。 本议案已经公司第九届董事会战略委员会第九次会议、2025 年第二次独立 董事专门会议审议通过。 因公司控股股东陕西法士特汽车传动集团有限责任公司参与本次增资扩股， 本次交易构成关联交易，关联董事马旭耀、寇植达回避表决。 表决结果：同意 6 票，反对 0 票，弃权 0 票。 具体内容详见同日刊登在巨潮资讯网（http://www.cninfo.com.cn）上的《关 于控股子公司增资扩股引入投资者暨关联交 ...

致：秦川机床工具集团股份公司 北京市炜衡律师事务所（以下简称"本所"）依法接受秦川机床工具集团股 份公司（以下简称"公司"）的委托，指派李佳芯律师、杨乐律师（以下简称"本 所律师"）出席了公司 2025 年第三次临时股东会(以下简称"本次股东会")， 并对本次股东会的相关事项依法进行见证及出具本法律意见书。 秦川机床工具集团股份公司 2025 年第三次临时股东会见证 法律意见书 北京市炜衡律师事务所 关于秦川机床工具集团股份公司 2025年第三次临时股东会见证之法律意见书 为出具本法律意见书，本所律师审查了公司提供的本次股东会的相关资料， 包括但不限于公司召开 2025 年第三次临时股东会的通知、公司 2025 年第三次临 时股东会的议程、议案及决议等文件资料，同时听取了公司董事会秘书就有关事 实的陈述和说明。公司已向本所作出保证和承诺，保证公司向本所提供的资料和 文件均为真实、准确、完整，无重大遗漏。 本所律师亲自参加了本次股东会，对本次股东会的召集与召开程序、召集人 和出席股东会人员的资格、股东会的表决程序以及表决结果等重要事项的合法性、 有效性予以现场核查。 本所及经办律师依据《证券法》、《律师事务所从 ...

秦川机床工具集团股份公司 2025 年第三次临时股东会决议公告 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、误导性陈述或重大遗漏。 特别提示： 证券代码：000837 证券简称：秦川机床 公告编号：2025-66 1、本次股东会无否决议案的情形。 2、本次股东会不涉及变更前次股东会决议的情形。 一、会议的召开和出席情况 （一）会议时间： 1、现场召开时间：2025 年 11 月 10 日 14:30 2、网络投票时间：2025 年 11 月 10 日 其中：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 10 日 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 统投票的具体时间为 2025 年 11 月 10 日 9:15 至 15:00 的任意时间。 （二）现场会议地点：陕西省宝鸡市姜谭路 22 号公司办公楼五楼会议室。 （三）会议召开方式：现场表决与网络投票相结合。 通过现场和网络投票的股东 1,017 人，代表股份 380,895,839 股，占公司有 表决权股份总数的 37.2279％。 其中： ...

Group 1 - Shaanxi is a significant manufacturing base in western China, with a focus on enhancing independent innovation capabilities and seizing technological development opportunities [2][4] - Shaanxi Rainbow Display Device Co., Ltd. has achieved a breakthrough in the production of substrate glass, a key material for display panels, after 20 years of research and development [1] - The company has fully mastered the complete set of equipment, core processes, and testing technologies for substrate glass, contributing to the high-quality development of China's display industry [1] Group 2 - Shaanxi Automobile Group has optimized its production line, reducing the assembly time of vehicles from 6 minutes to 4.8 minutes, and has seen a 13.9% year-on-year increase in total vehicle sales, with over 200% growth in new energy vehicle sales [2] - Qin Chuan Machine Tool Group has established a subsidiary focused on high-precision and high-efficiency product development, expanding its market share in the domestic RV reducer sector [3] - The company is committed to upgrading its core competencies and enhancing its manufacturing capabilities in line with national development strategies [4] Group 3 - Several enterprises in Shaanxi are actively pursuing technological innovation and upgrading traditional industries while venturing into new fields such as drones and robotics [3] - As of 2024, 16 companies in Shaanxi have been recognized as national intelligent manufacturing demonstration factories, with 7 companies listed as national excellence-level intelligent factories [3]

证券代码：000837 证券简称：秦川机床 公告编号：2025-63 秦川机床工具集团股份公司 关于公司首期限制性股票激励计划预留授予 登记完成的公告 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、误导性陈述或重大遗漏。 重要内容提示： 根据中国证监会《上市公司股权激励管理办法》、深圳证券交易所、中国证 券登记结算有限责任公司深圳分公司有关规则以及《秦川机床工具集团股份公司 首期限制性股票激励计划（草案修订稿）》等相关规定，秦川机床工具集团股份 公司（以下简称"公司"）完成了首期限制性股票激励计划（以下简称"本激励 计划"）的预留授予登记工作，现将有关情况公告如下： 一、本激励计划已履行的相关审批程序 （一）2024 年 10 月 8 日，公司召开第九届董事会第四次会议、第九届监事 会第三次会议，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》《关于公司<首期限制性股票激励计划管理办法>的议案》和《关 于公司<首期限制性股票激励计划实施考核管理办法>的议案》等相关议案。 （二）2025 年 1 月 24 日，公司召开第九届董事会第七次会议、第九届监事 会第五 ...

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Insights - The company has shown steady revenue growth, with a 8.14% year-on-year increase in revenue for the first three quarters of 2025, reaching 3.121 billion yuan. However, net profit attributable to shareholders decreased by 15.33% year-on-year to 48 million yuan, primarily due to reduced government subsidies [2] - The company has effectively controlled expenses, with a gross margin of 17.18% and a net profit margin of 2.12% for the first three quarters of 2025. The company also announced a cash dividend of 0.30 yuan per 10 shares, reflecting confidence in stable operations [3] - Research and development (R&D) investment has increased by 19.68% year-on-year, reaching 166 million yuan, indicating a commitment to innovation-driven high-quality development [4] - Due to the current pressure in the machine tool industry, the company has revised its net profit expectations for 2025 and 2026 down to 72 million yuan and 92 million yuan, respectively, while maintaining the 2027 net profit forecast at 108 million yuan [5] Summary by Sections Revenue and Profitability - For the first three quarters of 2025, the company achieved total revenue of 3.121 billion yuan, up 8.14% year-on-year. The net profit attributable to shareholders was 48 million yuan, down 15.33% year-on-year, with a non-recurring net profit loss of 1 million yuan, showing improvement from the previous year [2] Expense Management - The gross margin for the first three quarters of 2025 was 17.18%, an increase of 0.6 percentage points year-on-year. The net profit margin was 2.12%, a decrease of 0.8 percentage points, mainly due to reduced non-recurring gains. The company maintained a total expense ratio of 16.5% [3] Research and Development - The company increased its R&D expenditure to 166 million yuan, a 19.68% increase year-on-year, demonstrating a strong commitment to innovation. Significant progress was made in national projects and core technology breakthroughs [4] Profit Forecast and Valuation - The company has adjusted its net profit forecasts for 2025 and 2026 to 72 million yuan and 92 million yuan, respectively, while keeping the 2027 forecast at 108 million yuan. The current market valuation corresponds to P/E ratios of 189, 148, and 126 for the respective years [5]

Core Insights - Qin Chuan Machine Tool reported a total operating revenue of 3.121 billion yuan for the first three quarters of 2025, marking an 8.14% year-on-year increase, with the third quarter alone achieving 1.009 billion yuan, a 16.73% growth compared to the same period last year [1][2] - The company achieved a net profit attributable to shareholders of 47.56 million yuan in the first three quarters of 2025, influenced by increased R&D investment, reduced government subsidies, and new stock incentive costs [1] - Operating cash flow significantly improved, with a net cash flow from operating activities reaching 162 million yuan, reversing a negative trend from the previous three years [1] Business Strategy - The company is guided by a clear strategic blueprint, focusing on core machine tool business as a leading edge, supported by high-end manufacturing and core components, while exploring intelligent manufacturing services as a new strategic breakthrough [2] - Qin Chuan Machine Tool is actively pursuing market-oriented operations, differentiated competition, and leapfrog development, adapting to changing market conditions and seeking optimal paths for transformation and upgrading [2]

Core Viewpoint - Qin Chuan Machine Tool (000837) reported steady revenue growth in Q3 2025, with increased R&D investment and capacity construction, indicating a trend of marginal recovery in its main business [1] Revenue Growth and Market Position - In the first three quarters of 2025, Qin Chuan Machine Tool achieved total operating revenue of 3.121 billion yuan, a year-on-year increase of 8.14%, marking two consecutive years of growth [2] - The revenue for Q3 alone reached 1.009 billion yuan, reflecting a significant year-on-year growth of 16.73%, indicating enhanced operational momentum in the second half of the year [2] - As a leading enterprise in the machine tool industry, Qin Chuan Machine Tool outperformed the overall industry, which faced challenges such as insufficient domestic demand and increased uncertainty in external demand [4] Operational Efficiency and Cash Flow - The company showed continuous improvement in operational efficiency, with inventory turnover increasing from 1.24 times to 1.29 times year-on-year [5] - The total asset turnover ratio improved from 0.3 times to 0.32 times, and accounts receivable turnover days decreased from 92.58 days to 87.79 days, indicating better cash collection efficiency [5] - The net cash flow from operating activities reached 162 million yuan, reversing three years of negative operating cash flow, primarily due to enhanced sales collection capabilities [5] R&D Investment and Technological Development - In the first three quarters of 2025, R&D expenses amounted to 166 million yuan, a year-on-year increase of 19.7%, consistently accounting for over 5% of operating revenue [6] - The company has developed into one of the most comprehensive enterprises in China's machine tool industry, with a strong market presence in high-end manufacturing sectors such as new energy vehicles and semiconductors [8] Investment Projects and Future Outlook - Qin Chuan Machine Tool is advancing nine key fixed asset investment projects in 2025, including the installation of equipment for the new energy vehicle component R&D project and the construction of a high-end CNC machine tool industrial park [8] - The company is effectively implementing a three-year action plan for the advanced manufacturing industry cluster, achieving significant progress in various initiatives over the past six months [8]

Core Viewpoint - Qin Chuan Machine Tool (000837.SZ) announced a profit distribution plan for the first three quarters of 2025, proposing a cash dividend of 0.30 yuan per 10 shares to all shareholders, totaling 30,600,175.11 yuan (including tax) [1] Group 1 - The company has a total share capital of 1,020,005,837 shares [1] - The profit distribution will not involve capital reserve conversion into share capital, nor will there be any bonus shares issued [1]

Group 1 - The core viewpoint of the article highlights that Qin Chuan Machine Tool (000837) reported a revenue of 1.009 billion yuan in Q3 2025, marking a year-on-year increase of 16.73% [1] - The company achieved a net profit of 3.3098 million yuan in Q3 2025, which represents a significant year-on-year decline of 74.52% [1]