Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Hanbell Precise Machinery Co., Ltd. as of August 15, 2025, showing a significant stock price increase and notable trading activity [1] - The company's stock closed at 19.71 yuan, reflecting a 9.99% increase, with a turnover rate of 7.45% and a trading volume of 397,400 hands, amounting to a transaction value of 760 million yuan [1] - The net inflow of main funds was 186 million yuan, accounting for 24.4% of the transaction value, with large orders showing a net inflow of 190 million yuan [1] Group 2 - For the first quarter of 2025, the company reported total operating revenue of 606 million yuan, a year-on-year decrease of 19.09%, and a net profit attributable to shareholders of 118 million yuan, down 19.58% year-on-year [1] - The company's liquidity ratios are strong, with a current ratio of 2.549 and a quick ratio of 2.004, while the debt-to-asset ratio stands at 28.06% [1] - Hanbell Precise Machinery has made investments in 15 companies and participated in 139 bidding projects, holding 23 trademark registrations and 242 patents, along with 321 administrative licenses [2]

天眼查商业履历信息显示，上海汉钟精机股份有限公司，成立于1998年，位于上海市，是一家以从事通 用设备制造业为主的企业。企业注册资本53472.4139万人民币，实缴资本53472.4139万人民币。公司法 定代表人为余昱暄。 通过天眼查大数据分析，上海汉钟精机股份有限公司共对外投资了15家企业，参与招投标项目139次， 知识产权方面有商标信息23条，专利信息242条，此外企业还拥有行政许可321个。 金融界消息 截至2025年8月14日收盘，汉钟精机（002158）报收于17.92元，下跌1.54%，换手率 2.83%，成交量15.11万手，成交金额2.76亿元。 资金流向方面，今日主力资金净流出1153.62万元，占比成交额4.19%。其中，超大单净流入63.20万 元、占成交额0.23%，大单净流出1216.83万元、占成交额4.42%，中单净流出流入1412.04万元、占成交 额5.13%，小单净流出258.42万元、占成交额0.94%。 汉钟精机最新一期业绩显示，截至2025一季报，公司营业总收入6.06亿元、同比减少19.09%，归属净利 润1.18亿元，同比减少19.58%，扣非净利润1.11亿 ...

Core Viewpoint - The company Hanbell Precise Machinery (002158.SZ) is actively expanding its market presence in the cooling products sector, particularly in commercial central air conditioning and data center applications [1] Group 1: Company Overview - Hanbell Precise Machinery's cooling products are widely used in commercial central air conditioning, refrigeration, industrial cooling, and heat pump heating [1] - The company focuses on providing high-quality services and solutions to its clients, especially in the data center sector [1] Group 2: Market Applications - The commercial central air conditioning segment primarily serves industrial plants, energy-efficient buildings, commercial buildings, and data centers [1] - The company is currently working to expand its customer base in the data center field [1]

金融界消息 截至2025年7月31日收盘，汉钟精机（002158）报收于17.05元，下跌1.56%，换手率 1.47%，成交量7.85万手，成交金额1.34亿元。 资金流向方面，今日主力资金净流出1926.18万元，占比成交额14.33%。其中，超大单净流入560.84万 元、占成交额4.17%，大单净流出2487.02万元、占成交额18.51%，中单净流出流出484.34万元、占成交 额3.6%，小单净流入2410.52万元、占成交额17.94%。 汉钟精机最新一期业绩显示，截至2025一季报，公司营业总收入6.06亿元、同比减少19.09%，归属净利 润1.18亿元，同比减少19.58%，扣非净利润1.11亿元，同比减少18.71%，流动比率2.549、速动比率 2.004、资产负债率28.06%。 通过天眼查大数据分析，上海汉钟精机股份有限公司共对外投资了15家企业，参与招投标项目138次， 知识产权方面有商标信息23条，专利信息241条，此外企业还拥有行政许可321个。 来源：金融界 天眼查商业履历信息显示，上海汉钟精机股份有限公司，成立于1998年，位于上海市，是一家以从事通 用设备制造业为主的企 ...

Core Viewpoint - The company reported a significant decline in financial performance for the first half of 2025, with total revenue and net profit both experiencing substantial decreases compared to the same period in the previous year [1]. Financial Data Summary - Total revenue for the first half of 2025 was approximately ¥1.49 billion, down 18.86% from ¥1.83 billion in the same period last year [1]. - Operating profit decreased by 49.83% to approximately ¥270.58 million from ¥539.36 million year-on-year [1]. - Total profit fell by 49.78% to approximately ¥270.63 million compared to ¥538.89 million in the previous year [1]. - Net profit attributable to shareholders was approximately ¥257.36 million, a decrease of 42.90% from ¥450.72 million in the same period last year [1]. - Basic earnings per share dropped by 42.90% to ¥0.4813 from ¥0.8429 year-on-year [1]. - The weighted average return on net assets decreased to 5.99% from 11.62%, a decline of 5.63 percentage points [1]. Operational Performance and Financial Condition - The company is undergoing a deep adjustment phase, with overall operating rates remaining low and terminal demand declining, leading to a drop in revenue from vacuum pump products used in the photovoltaic industry [1]. - Additionally, there was a decline in gross profit margin, and significant exchange rate fluctuations between the New Taiwan Dollar and both the US Dollar and Chinese Yuan resulted in foreign exchange losses, further impacting net profit for the first half of 2025 [1].

Core Viewpoint - Hanzhong Precision Machinery reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to the downturn in the photovoltaic industry and reduced demand for vacuum pump products [1] Financial Performance - The company's operating revenue for the first half of 2025 was 1.489 billion yuan, representing a year-on-year decrease of 18.86% [1] - The net profit for the same period was 257 million yuan, showing a year-on-year decline of 42.90% [1] Industry Context - The decline in revenue is attributed to the photovoltaic industry being in a deep adjustment phase, leading to a drop in terminal demand [1] - The decrease in gross margin and foreign exchange losses due to fluctuations in the exchange rates of the New Taiwan Dollar against the US Dollar and Renminbi also impacted net profit [1]

[Key Financial Data](index=1&type=section&id=一、2025%20年半年度主要财务数据) The company's performance significantly declined in the first half of 2025, with total operating revenue decreasing by 18.86% year-over-year and net profit attributable to shareholders sharply falling by 42.90%, while total assets and owners' equity slightly increased from the beginning of the period Key Financial Data for H1 2025 (Unit: RMB) | Item | Current Period | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,488,837,616.11 | 1,834,933,350.11 | -18.86% | | Operating Profit | 270,575,242.08 | 539,358,465.90 | -49.83% | | Total Profit | 270,630,180.43 | 538,885,510.34 | -49.78% | | Net Profit Attributable to Shareholders of Listed Company | 257,359,767.42 | 450,724,131.03 | -42.90% | | Net Profit Attributable to Shareholders of Listed Company After Non-Recurring Gains/Losses | 247,987,208.19 | 424,911,867.66 | -41.64% | | Basic Earnings Per Share (RMB) | 0.4813 | 0.8429 | -42.90% | | Weighted Average Return on Net Assets | 5.99% | 11.62% | -5.63% | | **Item** | **End of Current Period** | **Beginning of Current Period** | **Change (%)** | | Total Assets | 6,166,043,098.03 | 6,035,772,658.47 | 2.16% | | Owners' Equity Attributable to Shareholders of Listed Company | 4,290,762,405.31 | 4,220,027,509.02 | 1.68% | | Share Capital | 534,724,139.00 | 534,724,139.00 | 0.00% | | Net Assets Per Share Attributable to Shareholders of Listed Company (RMB) | 8.02 | 7.89 | 1.65% | [Explanation of Operating Performance and Financial Position](index=1&type=section&id=二、经营业绩和财务状况情况说明) The company attributes its performance decline to external market conditions and internal cost factors, with reduced revenue from vacuum pump products due to weak demand in the photovoltaic industry being the primary cause of revenue decrease, compounded by declining gross margin and exchange losses leading to a significant drop in net profit - Total operating revenue decreased by **18.86%** year-over-year, primarily due to the photovoltaic industry being in a deep adjustment phase, leading to a decline in end-user demand and a corresponding reduction in the company's vacuum pump product revenue for this sector[4](index=4&type=chunk)[5](index=5&type=chunk) - Net profit attributable to shareholders decreased by **42.90%** year-over-year, mainly influenced by multiple factors including declining operating revenue, a decrease in gross margin, and exchange losses due to fluctuations in the New Taiwan Dollar exchange rate[5](index=5&type=chunk) [Explanation of Differences from Previous Performance Forecasts](index=2&type=section&id=三、与前次业绩预计的差异说明) The company had not previously disclosed any performance forecasts for the first half of 2025 prior to the release of this performance express report - This performance express report marks the company's first disclosure of its operating performance forecast for the first half of 2025[6](index=6&type=chunk) [Other Explanations and Reference Documents](index=2&type=section&id=四、业绩泄漏原因和股价异动情况分析) The report states no performance leakage or stock price anomalies require explanation and lists the reference documents for this announcement, including financial statements and internal audit reports signed and sealed by relevant responsible persons - The report states that analysis of reasons for performance leakage and stock price anomalies is not applicable[7](index=7&type=chunk) - Reference documents include comparative balance sheets and income statements signed and sealed by company executives, as well as an internal audit report[9](index=9&type=chunk)[10](index=10&type=chunk)

Group 1: Financial Performance - In 2024, the company reported a revenue of 3.674 billion CNY, a year-on-year decrease of 4.62% [2] - The net profit attributable to shareholders for 2024 was 863 million CNY, down 0.28% year-on-year [2] - Basic earnings per share for 2024 were 1.61 CNY, reflecting a decline of 0.28% [2] - The weighted average return on net assets was 21.80%, a decrease of 4.01% year-on-year [2] - In Q1 2025, revenue was 606 million CNY, down 19.09% year-on-year [2] - The net profit attributable to shareholders in Q1 2025 was 118 million CNY, a decline of 19.58% [2] - Basic earnings per share for Q1 2025 were 0.22 CNY, also down 19.58% [2] - The weighted average return on net assets for Q1 2025 was 2.75%, a decrease of 1.12% year-on-year [2] Group 2: Product Overview - The company focuses on two core segments: compressors and vacuum pumps, with compressors further divided into refrigeration and air compression products [2][3] - The refrigeration product matrix includes commercial central air conditioning compressors, refrigeration compressors, and heat pump compressors, catering to diverse customer needs [3] - The air compressor products are essential in various industries, including engineering machinery, pharmaceuticals, chemicals, and electronics, ensuring efficient production processes [3] - The company is expanding into oil-free air compressors, targeting industries with high air quality requirements, such as food and biomedicine [3] - The vacuum products are primarily used in the photovoltaic and semiconductor industries, with plans to expand into lithium batteries, pharmaceuticals, and other sectors [3] - The company has begun small-scale supply of vacuum products to domestic chip manufacturers, indicating potential growth in the semiconductor sector [3]

Investment Rating - The industry investment rating is maintained as "Buy" [2] Core Views - The June PMI for the machinery industry has rebounded to 49.7%, indicating a recovery in general equipment and engineering machinery sectors [4][6] - Despite a decline in domestic engineering machinery operations, exports are experiencing rapid growth, with a year-on-year increase of 8.8% in May [5][6] - The overall demand for machinery equipment is expected to improve in the second half of the year due to easing US-China trade tensions and supportive fiscal and monetary policies [6] Summary by Sections Industry Performance - Over the past 12 months, the machinery industry has shown a relative return of 19.5% and an absolute return of 35.6% [3] General Equipment - The production index and new orders index have increased to 51.0% and 50.2%, respectively, indicating expansion [4] - The overall manufacturing sector is showing resilience, with a continuous recovery in PMI for May and June [4] Engineering Machinery - The average working hours for major engineering machinery products in June were 77.2 hours, down 9.1% year-on-year [5] - The average operating rate for engineering machinery was 56.9%, a decline of 7.55 percentage points year-on-year [5] Investment Recommendations - The report suggests focusing on the engineering machinery sector, which is expected to benefit from domestic demand recovery and strong export growth [6] - Specific companies to watch include Anhui Heli, Hangcha Group, Sany Heavy Industry, XCMG, Zoomlion, and Hengli Hydraulic [6] Key Company Forecasts - The report includes earnings forecasts and ratings for key companies, with several companies rated as "Buy" [20]

Group 1: Financial Performance - In 2024, the company reported a revenue of 3.674 billion CNY, a year-on-year decrease of 4.62% [2] - The net profit attributable to shareholders for 2024 was 863 million CNY, down 0.28% year-on-year [2] - Basic earnings per share for 2024 were 1.61 CNY, also a decline of 0.28% [2] - The weighted average return on net assets was 21.80%, a decrease of 4.01% year-on-year [2] - In Q1 2025, revenue was 606 million CNY, down 19.09% year-on-year [2] - The net profit attributable to shareholders in Q1 2025 was 118 million CNY, a decline of 19.58% [2] - Basic earnings per share for Q1 2025 were 0.22 CNY, down 19.58% [2] - The weighted average return on net assets for Q1 2025 was 2.75%, a decrease of 1.12% year-on-year [2] Group 2: Product Overview - The company focuses on two core segments: compressors and vacuum pumps, with compressors further divided into refrigeration and air compression products [2][3] - The refrigeration product matrix includes commercial central air conditioning compressors, refrigeration compressors, and heat pump compressors, catering to diverse customer needs [3] - The company emphasizes technological innovation to launch energy-efficient, environmentally friendly, and health-oriented products [3] - Air compressors serve as essential equipment in various industries, including engineering machinery, pharmaceuticals, chemicals, and electronics [3] - The company is expanding into oil-free air compressor markets, targeting industries with high air quality requirements [3] - Vacuum products are primarily used in the photovoltaic and semiconductor industries, with plans to expand into lithium batteries, pharmaceuticals, and other sectors [3] - The company has begun small-scale supply of vacuum products to domestic chip manufacturers, indicating potential growth in the semiconductor sector [3]