证券代码：002514 证券简称：宝馨科技 公告编号：2025-091 江苏宝馨科技股份有限公司 关于注销2022年股票期权激励计划部分股票期权的公告 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。 江苏宝馨科技股份有限公司（以下简称"公司"）于 2025 年 9 月 26 日召开 第六届董事会第十八次会议，审议通过了《关于注销 2022 年股票期权激励计划 部分股票期权的议案》，现将有关事项公告如下： 一、本激励计划已履行的相关审批程序 1、2022 年 8 月 30 日，公司召开第五届董事会第二十二次会议，审议通过了 《关于<江苏宝馨科技股份有限公司 2022 年股票期权与限制性股票激励计划（草 案）>及其摘要的议案》《关于<江苏宝馨科技股份有限公司 2022 年股票期权与限 制性股票激励计划实施考核管理办法>的议案》等议案，公司独立董事对相关事项 发表了同意的独立意见，独立财务顾问和律师事务所出具了相应的独立财务顾问 报告和法律意见书。 同日，公司召开第五届监事会第二十一次会议，审议通过了《关于<江苏宝馨 科技股份有限公司 2022 年股票期权与限制性股 ...

江苏漫修律师事务所 关于 江苏宝馨科技股份有限公司 2022年股票期权激励计划 注销部分股票期权的 法律意见书 地址：江苏省南京市建邺区应天大街888号金鹰世界写字楼A座29层 传真：（025）82230827 电话：（025）82230809/82230669 www.manxiu-law.com manxiu@manxiu-law.com 二〇二五年九月 江苏漫修律师事务所 关于江苏宝馨科技股份有限公司 2022年股票期权激励计划 注销部分股票期权的 法律意见书 致：江苏宝馨科技股份有限公司 江苏漫修律师事务所（以下简称"本所"）接受江苏宝馨科技股份有限公司（以下 简称"公司"）的委托，根据《中华人民共和国公司法》《中华人民共和国证券法》、 中国证券监督管理委员会《上市公司股权激励管理办法》（以下简称"《管理办法》"） 等法律法规、规范性文件和《江苏宝馨科技股份有限公司章程》的有关规定，就公司拟 注销江苏宝馨科技股份有限公司2022年股票期权激励计划（以下简称"本次激励计划"） 部分股票期权的相关事项，出具本法律意见书。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律业务管 理办法》和 ...

证券代码：002514 证券简称：宝馨科技 公告编号：2025-090 江苏宝馨科技股份有限公司 综上，公司本次合计注销股票期权 426 万份，本次注销完成后，公司 2022 年股票期权激励计划激励对象由 9 名调整为 5 名，公司已获授但未行权的股票期 权剩余 36 万份。 本议案经公司董事会薪酬与考核委员会审议通过。 表决结果：同意 5 票、反对 0 票、弃权 0 票。关联董事沈强先生回避表决。 第六届董事会第十八次会议决议公告 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。 一、会议召开情况 江苏宝馨科技股份有限公司（以下简称"公司"）第六届董事会第十八次会 议于2025年9月23日以电子邮件的方式发出会议通知，并于2025年9月26日（星期 五）下午在公司会议室以通讯表决的方式召开。本次会议应出席的董事6名，实 际出席董事6名。本次会议由公司董事长马琳女士主持，公司高级管理人员列席 了会议。本次会议的召开符合《中华人民共和国公司法》及《公司章程》等相关 规定，表决所形成的决议合法、有效。 二、会议审议情况 1、审议通过了《关于注销 2022 年股票期权 ...

Group 1 - The industrial mother machine concept rose by 1.78%, ranking 10th among concept sectors, with 78 stocks increasing, including Zhongyuan Neipei, Aopu Optoelectronics, and Baoxin Technology hitting the daily limit [1] - Leading gainers in the industrial mother machine sector included Huarui Precision, Oke Yi, and Hongfuhan, with respective increases of 11.73%, 11.35%, and 9.94% [1] - The sector experienced a net outflow of 214 million yuan from main funds, with 40 stocks seeing net inflows, and Baoxin Technology leading with a net inflow of 190 million yuan [2][3] Group 2 - Aopu Optoelectronics, Baoxin Technology, and Zhongyuan Neipei had the highest net inflow ratios, with 32.01%, 21.56%, and 15.09% respectively [3] - The top stocks in the industrial mother machine sector based on net inflow included Baoxin Technology, Aopu Optoelectronics, and Huagong Technology, with net inflows of 190.16 million yuan, 189.74 million yuan, and 173.12 million yuan respectively [3] - The overall performance of the industrial mother machine sector reflects a positive trend despite some individual stock declines, indicating potential investment opportunities [1][2]

Core Viewpoint - Baoxin Technology's stock price has shown volatility, with a year-to-date decline of 10.24% and a recent increase of 11.13% over the past 20 days, indicating potential market interest and fluctuations in investor sentiment [1][2]. Company Overview - Baoxin Technology, established on October 8, 2001, and listed on December 3, 2010, is located in Nanjing, Jiangsu Province. The company specializes in the research, design, production, and sales of industrial-grade CNC sheet metal structure products [1]. - The company's revenue composition includes: 90.62% from equipment parts, 3.62% from project service income, 2.21% from sales of charging and swapping piles and related products, and minor contributions from other services [1]. Financial Performance - For the first half of 2025, Baoxin Technology reported an operating income of 101 million yuan, a year-on-year decrease of 42.51%. The net profit attributable to shareholders was -44.83 million yuan, reflecting a year-on-year increase of 57.71% in losses [2]. - The company has cumulatively distributed 72.08 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Shareholder Information - As of September 10, 2025, Baoxin Technology had 79,200 shareholders, an increase of 11.20% from the previous period. The average number of circulating shares per shareholder decreased by 10.07% to 6,997 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 1.9761 million shares as a new shareholder [3]. Market Activity - On September 17, Baoxin Technology's stock price rose by 2.13%, reaching 7.19 yuan per share, with a trading volume of 177 million yuan and a turnover rate of 4.56%. The total market capitalization stood at 5.177 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on September 5 [1]. Industry Context - Baoxin Technology operates within the mechanical equipment sector, specifically in general equipment and metal products. The company is associated with concepts such as TOPCon batteries, battery swapping, energy storage, HJT batteries, and PM2.5 [2].

Group 1 - On September 15, Baoxin Technology conducted a block trade of 484,900 shares, with a transaction amount of 3.0112 million yuan, accounting for 0.33% of the total transaction amount for the day [1] - The transaction price was 6.21 yuan, which represents a discount of 13.75% compared to the market closing price of 7.20 yuan [1][2] - The buyer was from Industrial Securities Co., Ltd., while the seller was from GF Securities Co., Ltd. [2]

Group 1 - The company's stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days (September 3, 2025, September 4, 2025, and September 5, 2025) [2] - The company's board of directors conducted a verification regarding the stock price fluctuation and confirmed that there were no undisclosed significant matters that could have impacted the stock price [3][4] - The company has not identified any recent media reports that could have significantly influenced the stock price, and the operational situation remains normal without major changes in the internal or external environment [3][4] Group 2 - The board confirmed that there are no undisclosed matters that should have been disclosed according to the Shenzhen Stock Exchange listing rules, and previous disclosures do not require correction or supplementation [4] - The company emphasizes that it has not violated any information disclosure regulations and reminds investors to refer to designated media for accurate information [5]

Core Insights - The humanoid robot sector index increased by 28.66% in the first half of 2025, significantly outperforming other tech sectors like AI and new energy vehicles, with total market capitalization rising from 1.17 trillion yuan to 6.03 trillion yuan, a 415% increase [1] - The performance of the humanoid robot sector shows a divergence, with core component companies leading due to technological breakthroughs and economies of scale, while system integration companies face challenges such as high R&D costs and long payment cycles [2] Company Performance - Among 16 major listed companies in Jiangsu, 12 reported profits while 4 incurred losses, with total R&D investment amounting to 689 million yuan [1] - Leading companies in core components, such as reducers, motors, and screws, have maintained gross margins above 35%, while system integrators struggle with profitability [2] - Green Harmonic, a leader in harmonic reducers, achieved revenue and net profit growth in the first half of the year, with R&D investments leading to a unique technology that extends the reducer's testing life to 12,000 hours and reduces costs by 30%-50% compared to imports [2] R&D and Innovation - Jiangsu Leili produces key components like "joints and dexterous hands," which account for 20%-30% of the total cost of humanoid robots, and has increased R&D expenses by 14.51% year-on-year [3] - Hengli Hydraulic views investments in emerging sectors as a "second curve" for growth, with projections of revenue reaching 80 million to 100 million yuan from new industrial screw products [3] - Companies are actively investing in R&D to enhance their technological capabilities and product offerings, with a focus on advanced technologies like hollow cup motors and planetary roller screws [3] Market Trends - The humanoid robot sector is experiencing rapid growth driven by policy support, capital investment, and technological advancements, with applications expanding from industrial to service sectors [4][5] - Companies like Estun and Tianqi are launching humanoid robots for industrial applications, indicating a shift towards practical deployment in various sectors [4] - The market for humanoid robots is projected to grow significantly, with predictions that the period from 2025 to 2027 will be crucial for companies to establish their technologies in broader commercial service areas [5] Investment and Financing - The humanoid robot industry has seen over 24 billion yuan in financing by July 2025, surpassing the total for the previous year, indicating strong market interest [6] - New players in the complete machine sector are emerging, with significant investments and product launches aimed at various applications, including banking and education [6] - Companies are forming strategic partnerships and making investments to strengthen their positions in key components and core technologies, as seen with Baoxin Technology's investment in Suzhou Jicui Intelligent Manufacturing [5][6] Challenges and Future Outlook - New entrants face challenges related to technological iteration and mass production capabilities, with the industry moving towards standardized production processes [7] - The valuation logic in the capital market is shifting from speculative concepts to performance-based metrics, emphasizing the importance of scalable revenue and positive cash flow [7]

Mergers and Acquisitions - Sunflower plans to acquire controlling stake in Xipu Materials and 40% stake in Beid Pharmaceutical through issuance of shares and/or cash payment, while also raising matching funds [1] Performance Disclosure - Tianbang Foods reported a decrease in sales revenue from commodity pigs by 9.43% in August 2025, with sales of 529,700 pigs generating revenue of 621 million yuan, and an average selling price of 15.02 yuan/kg, reflecting changes of -1.32%, -9.43%, and -7.22% respectively [2] - Shennong Group's pig sales in August 2025 decreased by 4.26% year-on-year, selling 166,400 pigs (including 155,600 commodity pigs and 5,100 piglets) with revenue of 285 million yuan, and a 5.84% decrease in average selling price [3] Shareholding Changes - Suzhou Bank's board members and senior management plan to collectively increase their holdings by no less than 4.2 million yuan in the bank's A-shares, including the chairman and CEO [4] - KJ Intelligent announced that shareholder SF Investment plans to reduce its stake by up to 3%, with a maximum of 180,850 shares through centralized bidding and 361,700 shares through block trading [5] - Zhuoyi Information's controlling shareholder and chairman plans to reduce his stake by up to 3%, equating to 363,430 shares through centralized bidding and block trading [6] Risk Matters - Baoxin Technology confirmed that there are no undisclosed significant matters affecting its stock trading, and the company's operations remain normal without major changes in the internal and external business environment [7] - ST Pava reported that board member Zhang Bao has been arrested for suspected embezzlement, following an investigation by law enforcement [8]

Mergers and Acquisitions - Sunflower is planning to acquire controlling stakes in Xi Pu Materials and 40% of Bei De Pharmaceutical through share issuance and/or cash payment, while also raising supporting funds [1] Performance Disclosure - Tianbang Foods reported a decrease in sales revenue from commodity pigs by 9.43% in August 2025, with sales of 529,700 pigs generating revenue of 621 million yuan, and an average selling price of 15.02 yuan per kilogram [2] - Shennong Group's pig sales in August 2025 decreased by 4.26% year-on-year, selling 166,400 pigs (including 155,600 commodity pigs) and generating revenue of 285 million yuan, with a 5.84% decrease in average selling price [3] Shareholding Changes - Suzhou Bank's board members and senior management plan to collectively increase their holdings by no less than 4.2 million yuan [4] - KJ Intelligent announced that shareholder SF Investment plans to reduce its stake by up to 3%, with a maximum of 180,850 shares through centralized bidding and 361,700 shares through block trading [5] - Zhuoyi Information's controlling shareholder and chairman plans to reduce his stake by up to 3%, equating to 363,430 shares [6] Risk Matters - Baoxin Technology confirmed that there are no undisclosed significant matters affecting its stock trading, and its operational situation remains normal [7] - ST Pava reported that board member Zhang Bao has been arrested for suspected embezzlement, following an investigation by law enforcement [8]