Core Viewpoint - Xiaxia Precision has reported a revenue of 666 million yuan for 2024, marking a 26.09% increase year-on-year, while focusing on the long-term potential of the humanoid robot industry as a core growth direction [1][2]. Financial Performance - The company achieved a net profit attributable to shareholders of 62.08 million yuan, a decrease of 13.47% compared to the previous year, and a deductive net profit of 55.04 million yuan, down 8.52% year-on-year [2]. - Research and development expenses reached 41.53 million yuan, an increase of 26.40% year-on-year, accounting for over 6% of total revenue [2]. Product and Market Strategy - The sales of automotive gears now account for over 50% of the company's revenue, indicating a strong focus on this segment [1]. - The company is enhancing its product structure and optimizing its supply chain to mitigate the impact of declining profit margins in the automotive gear sector [2]. Technological Development - The company is investing in the development of precision small gears and reducers for humanoid robots, leveraging existing technologies from the automotive sector [3]. - The company plans to acquire land for a project aimed at developing core components for intelligent transmission systems, with a total investment of up to 1 billion yuan [3]. Future Outlook - The company aims to deepen its focus on core business areas and enhance competitiveness in response to the growing demand for gears and reducers in the robotics industry [4]. - With the commercialization of humanoid robots by companies like Tesla, the demand for precision gears and core components is expected to experience explosive growth [3].

Financial Performance - The company reported a significant decline in basic earnings per share, which fell by 33.33% to 1.00 CNY per share from 1.50 CNY per share in the previous year, indicating weakened profitability [4] - Net profit attributable to shareholders decreased by 13.47% to 62,075,260.49 CNY from 71,740,363.64 CNY, primarily due to lower gross margins in the automotive gear business and increased R&D expenses [3][4] - Operating cash flow net amount dropped by 74.00% to 18,056,345.83 CNY from 69,444,575.13 CNY, influenced by increased raw material procurement and employee compensation [6] Revenue Growth - The company achieved a revenue of 665,512,421.51 CNY in 2024, a 26.09% increase from 527,789,367.22 CNY in the previous year, driven by active market expansion [2] - The automotive gear business generated 391,228,337.33 CNY, accounting for 58.79% of total revenue, with a growth of 23.04%, while the electric tool gear business saw a revenue increase of 48.25% to 139,989,260.47 CNY, representing 21.03% of total revenue [2] Cost and Expenses - Sales expenses rose by 31.90% to 11,127,701.97 CNY from 8,436,228.68 CNY, attributed to increased sales personnel compensation and revenue growth [4] - R&D expenses increased by 26.40% to 41,526,892.66 CNY from 32,853,484.96 CNY, reflecting the company's commitment to innovation despite short-term profit pressure [4][5] R&D Investment - R&D investment amounted to 41,526,892.66 CNY, representing 6.24% of revenue, slightly up from 6.22% in the previous year, with ongoing projects aimed at enhancing market competitiveness [5] - The number of R&D personnel increased from 143 to 153, a growth of 6.99%, although the proportion of R&D staff relative to total employees decreased from 12.79% to 10.88% [5] Cash Flow and Financing - The net cash flow from investing activities was -293,364,640.39 CNY, indicating continued investment in fixed and intangible assets [6] - The net cash flow from financing activities decreased significantly by 115.96% to -121,006,451.64 CNY, primarily due to dividend distributions and the previous year's fundraising [6] Executive Compensation - The total pre-tax compensation for the chairman was 706,800 CNY, while the general manager received 1,040,300 CNY, reflecting a modest increase of 5.55% compared to the previous year [9]

Group 1 - The company raised a total of RMB 831,265,000 by issuing 15,500,000 shares at a price of RMB 53.63 per share, with a net amount of RMB 749,956,497.94 after deducting underwriting and other fees [1][4][77] - The company has established five special accounts for the management of raised funds, ensuring compliance with regulatory requirements [2][3] - The company plans to use up to RMB 700 million of temporarily idle raised funds for cash management, investing in low-risk financial products [4][5] Group 2 - The company approved a profit distribution plan for 2024, proposing a cash dividend of RMB 1.63 per share, totaling RMB 10,106,000, which represents 16.28% of the net profit [13][15] - The company achieved a net profit of RMB 62,075,260.49 for 2024, with a distributable profit of RMB 231,046,032.59 after accounting for retained earnings [13][19] - The company has maintained a consistent cash dividend policy, with a total cash dividend of RMB 20,150,000 for 2024, accounting for 32.46% of the net profit [15][17] Group 3 - The company has proposed to apply for a comprehensive credit limit of up to RMB 1.2 billion from banks to support its ongoing operations and development [34][36] - The company plans to provide a guarantee of up to RMB 80 million for its wholly-owned subsidiary, Ningbo Xiatou Intelligent Technology Co., Ltd., to facilitate its bank loans [40][48] - The company will also provide a guarantee of approximately RMB 54.2 million for its subsidiary, XIASHA VIETNAM COMPANY LIMITED, to support its credit application [56][62] Group 4 - The company has approved a salary scheme for its directors, supervisors, and senior management for 2025, aligning compensation with industry standards and performance [69][71] - The company has announced a delay in the completion of certain fundraising projects, specifically extending the timeline for the "Annual Production of 300,000 Sets of New Energy Vehicle Drive Reduction Mechanism Project" to December 31, 2025 [75][79]

关于浙江夏厦精密制造股份有限公司 部分募投项目延期的核查意见 财通证券股份有限公司（以下简称"财通证券"或"保荐人"）作为浙江夏厦 精密制造股份有限公司（以下简称"夏厦精密"或"公司"）首次公开发行股票并 在主板上市及持续督导的保荐人，根据《证券发行上市保荐业务管理办法》《深圳 证券交易所股票上市规则》《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》及《上市公司监管指引第 2 号——上市公司募集资金管 理和使用的监管要求》等有关规定，对夏厦精密部分募投项目延期情况进行了审核， 具体核查情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意浙江夏厦精密制造股份有限公司首 次公开发行股票注册的批复》（证监许可〔2023〕1892 号），公司获准向社会公 开发行人民币普通股（A 股）股票 15,500,000 股，每股面值 1 元，每股发行价格为 人民币 53.63 元，截至 2023 年 11 月 13 日止，公司实际已向社会公开发行人民币 普通股（A 股）股票 15,500,000 股，应募集资金总额 831,265,000.00 元，减除发行 费用（不含增值税）人民币 ...

二、非经营性资金占用及其他关联资金往来情况汇总表………………第 3 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2025〕2791 号 浙江夏厦精密制造股份有限公司全体股东： 目 录 一、非经营性资金占用及其他关联资金往来情况的专项 审计说明…………………………………………………………第 1—2 页 三、注册会计师的责任 我们的责任是在实施审计工作的基础上对夏厦精密公司管理层编制的汇总 表发表专项审计意见。 四、工作概述 我们的审计是根据中国注册会计师执业准则进行的。中国注册会计师执业准 则要求我们计划和实施审计工作，以对审计对象信息是否不存在重大错报获取合 理保证。在审计过程中，我们实施了包括核查会计记录等我们认为必要的程序。 我们相信，我们的审计工作为发表意见提供了合理的基础。 我们接受委托，审计了浙江夏厦精密制造股份有限公司（以下简称夏厦精密 公司）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表， 2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所 有者权益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们 ...

目 录 一、内部控制审计报告…………………………………………第 1—2 页 内部控制审计报告 天健审〔2025〕2789 号 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，夏厦精密公司于 2024 年 12 月 31 日按照《企业内部控制基本规 第 1 页 共 2 页 浙江夏厦精密制造股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了浙江夏厦精密制造股份有限公司（以下简称夏厦精密公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是夏厦 精密公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺 ...

目 录 募集资金年度存放与使用情况鉴证报告 天健审〔2025〕2790 号 浙江夏厦精密制造股份有限公司全体股东： 我们鉴证了后附的浙江夏厦精密制股份有限公司（以下简称夏厦精密公司） 管理层编制的 2024 年度《关于募集资金年度存放与使用情况的专项报告》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供夏厦精密公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本鉴证报告作为夏厦精密公司年度报告的必备文件，随同其他文件一 起报送并对外披露。 二、管理层的责任 夏厦精密公司管理层的责任是提供真实、合法、完整的相关资料，按照《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年 修订）》（证监会公告〔2022〕15 号）和《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（2023 年 12 月修订）》（深证上〔2023〕 1145 号）的规定编制《关于募集资金年度存放与使用情况的专项报告》，并保 证其内容真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏。 一、募集资金年度存放与使用情况鉴证报告………………………第 1—2 页 二、关于募集资金年 ...

目 录 | 一、审计报告……………………………………………………… 第 1—6 | | 页 | | --- | --- | --- | | 二、财务报表……………………………………………………… 第 7—14 | | 页 | | （一）合并资产负债表…………………………………………… | 第 | 7 页 | | （二）母公司资产负债表………………………………………… | 第 | 8 页 | | （三）合并利润表………………………………………………… | 第 | 9 页 | | （四）母公司利润表………………………………………………第 | | 10 页 | | （五）合并现金流量表……………………………………………第 | | 11 页 | | （六）母公司现金流量表…………………………………………第 | | 12 页 | | （七）合并所有者权益变动表……………………………………第 | | 13 页 | | （八）母公司所有者权益变动表…………………………………第 | | 14 页 | | | | 审 计 报 告 天健审〔2025〕2788 号 浙江夏厦精密制造股份有限公司全体股东： 一、审计意见 我们审计了浙 ...