Core Viewpoint - The company is planning a private placement of up to 800 million yuan to strategically position itself in the robotics sector during a critical window of opportunity [1] Group 1: Company Strategy and Transformation - The company has transitioned from traditional manufacturing to high-end intelligent manufacturing over the past two decades, becoming a leader in the precision gear industry [1] - The strategic shift initiated in 2018 aimed to expand into new energy and robotics, driven by a need to upgrade traditional business to remain competitive [2] - The company emphasizes a clear transformation logic, focusing on technology synergy and customer relationships to enhance its market position [2][3] Group 2: Production and Technological Advancements - The company has invested in a new 25,000 square meter workshop equipped with advanced machinery to maintain its precision advantage [3] - In 2022, sales of new energy vehicle gearbox gears reached 150 million yuan, accounting for 20% of total sales, establishing a strong foundation for future capacity expansion [3] - By 2024, the company expects to produce 5.3974 million new energy vehicle gears with a utilization rate of 96.38%, with the new energy segment projected to contribute over 25% of revenue [3] Group 3: Robotics Sector Development - The company is set to achieve significant milestones in the robotics sector in 2024, with 72,000 industrial robot reducer projects reaching production capacity [4] - The company has successfully entered the supply chain of leading domestic and international robotics companies with its precision components [4] Group 4: International Expansion and Market Strategy - The establishment of a manufacturing base in Vietnam is a key step in the company's overseas strategy, aiming for 1 million precision transmission products annually [5][6] - The company’s international sales reached 102 million yuan in 2024, accounting for 15.36% of total revenue, with a gross margin of 33.28% for exports, significantly higher than domestic sales [6] - The company aims to increase overseas revenue to 20% in the next three years, establishing a global production and service network [7] Group 5: Future Growth and Funding - The company plans to raise up to 800 million yuan through a private placement to enhance production capacity and technological capabilities in the robotics sector [8][9] - The focus will be on expanding the production of precision gears and reducers while advancing the development of high-end screw products to fill domestic gaps [9]

Core Points - The company held its fourth extraordinary general meeting of shareholders in 2025, where several key proposals were approved, including the issuance of A-shares to specific investors [9][32][40]. Group 1: Meeting Details - The meeting was convened on November 17, 2025, at 14:30, with both on-site and online voting options available [6][2]. - A total of 61 shareholders participated, representing 50,230,521 shares, which accounted for 79.9205% of the total voting shares [4][5]. Group 2: Voting Results - The proposal regarding the company's compliance with conditions for issuing A-shares was approved with 50,222,021 votes in favor, representing 99.9831% of the votes cast [10]. - The proposal for the 2025 A-share issuance plan was also approved with 50,221,021 votes in favor, representing 99.9811% [14]. Group 3: Specific Proposals Approved - The proposal for the feasibility analysis report of the A-share issuance plan was approved with 50,220,821 votes in favor, representing 99.9807% [84]. - The proposal for the use of funds raised from the A-share issuance was approved with 50,220,821 votes in favor, representing 99.9807% [78]. Group 4: Legal Compliance - The meeting's procedures and the qualifications of attendees were confirmed to be in compliance with relevant laws and regulations, ensuring the legality of the resolutions passed [59][63].

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于 浙江夏厦精密制造股份有限公司 2025 年第四次临时股东会 的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于浙江夏厦精密制造股份有限公司 2025 年第四次临时股东会的 法律意见书 致：浙江夏厦精密制造股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受浙江夏厦精密制造股份 有限公司（以下简称"公司"）委托，就公司召开 2025 年第四次临时股东会（以 下简称"本次会议"）的有关事宜，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司股东会规则》等法律、法规、规章和其他规范性文件以及《浙 江夏厦精密制造股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 出具本法律意见书。 为出具本法律意见书，本所律师对本次会议所涉及的相关事项进行了必要的 核查和验证，审查了本所律师认为出具本法律意见书所需审查的相关文件、资料， 并参加了公司 ...

证券代码：001306 证券简称：夏厦精密 公告编号：2025-064 浙江夏厦精密制造股份有限公司 2025 年第四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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 一、会议召开和出席情况 1、 召开时间： （1）现场会议：2025 年 11 月 17 日（星期一）14:30 （2）网络投票： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 11 月 17 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（http://wltp.cninfo.com.cn）投票的具体 时间为：2025 年 11 月 17 日 9:15-15:00 期间任意时间。 2、 现场会议召开地点：浙江省宁波市镇海区骆驼工业区荣吉路 389 号浙 江夏厦精密制造股份有限公司二楼会议室。 3、 召开方式：现场结合网络 4、 召集人：公司第二届董事会 5、 主持人：董事长夏建敏先生 6、 本次会议的召集、召开符合《中华人民共和国公司法》、《上市公司 股东会规则》、《深圳 ...

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 57,462.17 million CNY, a year-on-year increase of 24.66% [1] - The net profit attributable to shareholders was 2,528.85 million CNY, a decrease of 47.02% compared to the same period last year [2] - The net profit after deducting non-recurring gains and losses was 2,171.66 million CNY, down 48.23% year-on-year [2] Profit Decline Factors - Profit growth in Q3 slowed compared to Q2 due to intensified price competition in the domestic automotive market, leading to reduced prices from downstream customers [2] - Increased share-based payment expenses related to equity incentives contributed to the profit decline [2] - Rising fixed costs from equipment depreciation and personnel salaries due to the implementation of fundraising projects, which have not yet realized scale effects [2] - Decreased interest income and financial returns due to reduced fundraising balance and increased borrowing costs [2] R&D Investment - Cumulative R&D expenses for the first three quarters of 2025 were 36.00 million CNY, an increase of 19.05% year-on-year [3] - The company emphasizes continuous investment in R&D to maintain a leading edge in technological innovation [3] Product Development and Market Expansion - The company has made progress in humanoid robot products, supplying precision gears and reducers to well-known domestic and international robot manufacturers [2] - The current order scale for humanoid robot products is small, with minimal impact on revenue and profit for the year [2] - The Vietnam factory is in the trial production phase, with good order conditions as the company engages with clients [3] Future Plans and Stock Issuance - The company plans to issue A-shares to specific investors to fund projects related to the industrialization of core components for intelligent transmission systems and equipment development [4] - The expected impact of the stock issuance includes expanding production capacity for precision gears and reducers, addressing the explosive growth in demand from the humanoid robot industry [4] - The company aims to enhance its competitiveness and market share in overseas markets while focusing on domestic market growth [3] Risk Considerations - The company advises investors to maintain awareness of risks associated with future projections and targets, as these do not constitute substantive commitments [4]

Core Viewpoint - Under intense market competition, Xiasha Precision (001306.SZ) is facing performance pressure and has announced a refinancing plan to seek breakthroughs [1] Group 1: Financing Plan - Xiasha Precision plans to raise up to 800 million yuan through a private placement of shares to specific investors, with funds allocated to key projects including the industrialization of core components for intelligent transmission systems [2][3] - This is the first refinancing plan since the company's IPO in November 2023, where it raised 750 million yuan by issuing 15.5 million new shares [2] Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 575 million yuan, a year-on-year increase of 24.66%, but net profit decreased by 47.02% to 25.29 million yuan [1][4] - The gross profit margin and net profit margin fell from 24.15% and 10.35% in the previous year to 18.71% and 4.4%, respectively [5] Group 3: Market Challenges - The company is experiencing increased cost pressures due to intensified competition in the automotive sector, leading to price reductions from downstream customers and changes in procurement structures [5] - Fixed costs have risen due to the implementation of fundraising projects and an increase in employee numbers, while the scale effects of these projects have not yet been realized [5] Group 4: Asset and Debt Management - As of September 2025, Xiasha Precision's total assets amounted to 2.303 billion yuan, with cash holdings of 190 million yuan and a debt-to-asset ratio of 41.81%, which has increased significantly by 9.33 percentage points from the previous year [1][5] - The company plans to use 120 million yuan from the fundraising to supplement working capital and repay debts, aiming to lower its debt ratio and optimize its financial structure [6]

Core Viewpoint - The company, Xiashaxing Precision (001306.SZ), has announced a plan to issue A-shares to specific investors in 2025, aiming to raise up to RMB 80 million for various projects and working capital [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including legal entities and qualified foreign institutional investors, with a cash subscription requirement [1]. - The issuance will adopt a competitive pricing method, with the price set at no less than 80% of the average stock price over the 20 trading days prior to the pricing date [1]. - A total of up to 18,855,180 shares will be issued, representing no more than 30% of the company's total share capital before the issuance [1]. Group 2: Fund Utilization - The total amount raised from the issuance will not exceed RMB 80 million, which will be allocated to the following projects: - Core components industrialization project for intelligent transmission systems: RMB 54 million - Equipment development and industrialization project: RMB 8 million - Technology research and application center construction project: RMB 6 million - Supplementing working capital and repaying debts: RMB 12 million [2][3]. Group 3: Shareholder Structure - As of the announcement date, the controlling shareholder is Ningbo Xiashaxing Investment Holding Co., Ltd., with actual controllers holding 73.98% of the shares. The issuance will not change the control of the company [4]. - The company plans to list publicly on the Shenzhen Stock Exchange on November 16, 2023, with an initial public offering of 15,500,000 shares at a price of RMB 53.63 per share [4]. Group 4: Financial Performance - For the third quarter of 2023, the company reported revenue of RMB 201 million, a year-on-year increase of 14.68%, while net profit attributable to shareholders decreased by 61.78% to RMB 4.72 million [5][7]. - Year-to-date revenue reached RMB 575 million, up 24.66%, but net profit attributable to shareholders fell by 47.02% to RMB 25.29 million [5][7]. - The company reported a net cash flow from operating activities of -RMB 27.09 million [6].

Core Viewpoint - Zhejiang Xiasha Precision Manufacturing Co., Ltd. announced on October 29 that it has conducted a self-examination regarding any regulatory measures or penalties imposed by securities regulatory authorities or exchanges in the past five years, confirming no such records exist [1] Group 1: Regulatory Compliance - The company has adhered to the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and relevant regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange since its listing [1] - The self-examination was conducted in accordance with requirements related to the issuance of A-shares to specific targets, aiming to ensure compliance with information disclosure [1] Group 2: Corporate Governance - The company has continuously improved its corporate governance structure and internal control systems to enhance operational standards and ensure sustainable, stable, and healthy development [1] - The board of directors has committed to the authenticity, accuracy, and completeness of the disclosed information, stating there are no false records, misleading statements, or significant omissions [1] Group 3: Future Actions - The results of the self-examination lay a compliant foundation for the company's subsequent capital increase activities [1]

Core Viewpoint - The company, Xiaxia Precision (001306.SZ), plans to issue shares to specific investors, aiming to raise a total of no more than 800 million yuan, with the net proceeds intended for various projects and debt repayment [1] Fundraising Details - The total amount expected to be raised is up to 800 million yuan [1] - The net proceeds, after deducting issuance costs, will be fully allocated to the following projects: - Industrialization of core components for intelligent transmission systems - Equipment development and industrialization projects - Construction of a technology research and application center - Supplementing working capital and repaying debts [1]

Group 1 - The company plans to raise up to 800 million yuan through a targeted stock issuance, with the net proceeds allocated to various projects including the industrialization of core components for intelligent transmission systems and the establishment of a technology research and application center [1][2] - The products involved in the fundraising projects include precision gears, lead screws, robotic joint modules, and supporting equipment, which are expected to be used in industries such as robotics, low-altitude flight, and intelligent connected new energy vehicles [1][2] - The global humanoid robot market is projected to reach 3.4 billion USD in 2024, growing by 57.41%, and is expected to reach 20.6 billion USD by 2028, with China becoming a leading producer in this sector [1] Group 2 - The company aims to promote the localization of key components and enhance the R&D and production capabilities of high-end precision equipment through this fundraising initiative [2] - The company has been deeply involved in the small modulus gear industry for over 20 years, with products widely used in new energy vehicles, fuel vehicles, robotics, power tools, smart home devices, medical equipment, and security [2] - The company has engaged with institutional investors regarding its progress in humanoid robot-related products, highlighting that its precision gears and reducers are already supplied to well-known domestic and international robotics companies [2][3]