金十数据4月14日讯，领益智造公告称，公司拟回购不低于2亿元且不超过4亿元的公司股份，回购价格 不超过13.18元/股。回购股份将用于股权激励计划或员工持股计划。公司已取得中国工商银行广东省分 行出具的《贷款承诺函》，同意在符合监管政策制度要求下，承诺向公司提供回购贷款不超过3.6亿 元。 领益智造：拟2亿元-4亿元回购公司股份 ...

"对等关税"豁免，领益智造近况更新 20250413 摘要 Q&A 美国对等关税豁免对领益智造的影响如何？ 从美东时间 4 月 11 日 10 点 36 分起，美国海关发布了一份新的对等关税豁免清 单，涉及约 20 个税号，主要集中在消费电子产品、笔记本电脑、平板电脑、 Vision Pro 和手表等领域。该豁免适用于原产于中国（包括香港和澳门）的产 品，这意味着这些产品从中国出口到美国时只需缴纳 20%的关税。此前的芬太 尼关税并未包含在此次豁免范围内。 对于领益智造而言，这次豁免带来了积极 影响。首先，我们的主要产品如手机、平板电脑和笔记本电脑大部分都在豁免 清单之内，因此对我们未来的出口业务有显著利好。尽管未来不排除关税政策 可能会有反复，但整体来看，此次豁免大大减轻了消费电子行业的负担，使得 预期中的重大影响几乎可以忽略不计。 此外，全球产业链正在经历重塑过程， • 美国对部分中国产消费电子产品关税豁免，利好领益智造等企业出口业务， 减轻消费电子行业负担，但未来关税政策仍存在不确定性。 • 全球产业链重塑背景下，领益智造凭借海外生产基地（越南、印度、巴西、 土耳其等地）的布局，具备较强的国际化和海外本 ...

有分析师认为，美国对中国进口商品加征 34%、50%甚至 100%的关税，将导致 iPhone 价格提升 43%，其他产品线如 Apple Watch、iPad 等也难以避免价格上 调。然而这种说法是错误的，因为它直接将增加的税价加到最终销售价格上。 实际上，根据白宫发布的原文解析，某些物品中可归因于完全在美国生产或在 美国进行了实质性转变的零部件价值可以减免。这意味着像苹果 A18 处理器芯 片等实质性转变发生在美国设计部分，可以免除额外关税。 蓝思科技&领益智造 20250412 摘要 Q&A 特朗普关税政策对苹果供应链的影响如何？ 特朗普关税政策的实施对苹果供应链产生了显著影响，尤其是在 2025 年第二季 度。苹果供应链是整个 TMT 成长股板块中受影响最严重的部分。由于苹果手机 在中国生产并销往美国，这种广泛认知导致了市场情绪的剧烈波动。在特朗普 宣布关税政策后，相关股票如立讯精密、东山精密等出现大幅下跌，美股也随 之大跌超过 9%。 • 特朗普政府的关税政策曾引发市场对苹果产品价格上涨的担忧，但实际影 响有限，因美国设计零部件可获关税减免，且"友邦国家"生产部分享有 90 天免税期。市场情绪过度反 ...

Core Viewpoint - The China Rare Earth Industry Index has shown a recent increase, indicating a potential recovery in the rare earth sector despite a decline over the past month [1][2]. Group 1: Index Performance - The China Rare Earth Industry Index rose by 1.93% to 1613.75 points, with a trading volume of 32.629 billion yuan [1]. - Over the past month, the index has decreased by 10.06%, while it has increased by 2.31% over the last three months and has remained nearly unchanged year-to-date with a decline of 0.01% [2]. Group 2: Index Composition - The index includes companies involved in rare earth mining, processing, trading, and applications, reflecting the overall performance of listed companies in the rare earth industry [2]. - The top ten weighted companies in the index are: Northern Rare Earth (16.39%), China Rare Earth (6.66%), Wolong Electric Drive (5.15%), Xiamen Tungsten (4.52%), Baotou Steel (4.52%), Greeenme (4.5%), China Aluminum (4.37%), Linyang Intelligent Manufacturing (4.03%), Shenghe Resources (3.96%), and Goldwind Technology (3.82%) [2]. Group 3: Market and Sector Breakdown - The Shanghai Stock Exchange accounts for 52.01% of the index holdings, while the Shenzhen Stock Exchange accounts for 47.99% [2]. - In terms of industry composition, raw materials make up 67.47%, industrials account for 26.17%, and information technology represents 6.36% of the index holdings [2]. Group 4: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, with a sample adjustment ratio not exceeding 20% [3]. - Public funds tracking the rare earth industry include various ETFs from companies such as Harvest, Huatai-PB, and E Fund [3].

| 证券代码：002600 | 证券简称：领益智造 | 公告编号：2025-034 | | --- | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | | 广东领益智造股份有限公司 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、担保情况概述 广东领益智造股份有限公司（以下简称"公司"）分别于 2024 年 12 月 6 日和 2024 年 12 月 23 日召开第六届董事会第九次会议和 2024 年第五次临时股东大 会，审议通过了《关于公司及子公司 2025 年度担保事项的议案》。为保证公司 及其子公司的正常生产经营活动，2025 年度公司（含控股子公司）拟为公司及子 公司的融资或其他履约义务提供担保，预计担保总额度合计不超过人民币 3,500,000 万元。在上述担保额度内，公司管理层可根据实际经营情况对公司（含 控股子公司）对子公司、子公司对公司之间的担保额度进行调配，亦可对新成立 的子公司分配担保额度。具体内容详见公司于 2024 年 12 月 7 日在巨潮资讯网 （www.cninfo.com.cn）上披露的《关于 ...

| 证券代码：002600 | 证券简称：领益智造 公告编号：2025-033 | | --- | --- | | 债券代码：127107 | 债券简称：领益转债 | 广东领益智造股份有限公司 关于实际控制人、董事长提议回购公司股份的提示性公告 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。 广东领益智造股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日收到公 司实际控制人、董事长曾芳勤女士出具的《关于提议广东领益智造股份有限公司 回购公司股份的函》，现将具体情况公告如下： 2、回购股份的用途：可用于减少公司注册资本、股权激励或者员工持股计 划等，具体用途由公司董事会依据相关法律法规确定； 一、提议人的基本情况及提议时间 1、提议人：公司实际控制人、董事长曾芳勤女士； 2、截至本公告日，曾芳勤女士直接持有公司股份 144,536,846 股，占目前公 司总股本的 2.06%；通过领胜投资（江苏）有限公司间接持有 4,139,524,021 股， 占目前公司总股本的59.07%。曾芳勤女士直接和间接合计持有公司4,284,060,867 股，占目前 ...

Financial Performance - In 2024, the company achieved a revenue of CNY 44.211 billion, representing a year-on-year growth of 29.56% [2][4] - The net profit attributable to shareholders was CNY 1.753 billion, with operating cash flow of CNY 4.021 billion [4] - AI terminal hardware-related business revenue reached approximately CNY 40.731 billion, growing by 32.75% year-on-year [5][7] Business Transformation and Strategy - The company successfully transitioned from a product manufacturing expert to a solution provider, becoming a global leader in AI terminal hardware manufacturing [2] - For 2025, the strategic focus is on "strategic determination and solid foundation," emphasizing innovation and international development [2][16] - The company aims to enhance its core competitiveness by creating an integrated smart manufacturing platform that combines lean, digital, automated, and green practices [3][16] Market Expansion and Product Development - The company is expanding its overseas market presence and enhancing profitability, with 58 production and service locations globally [13] - In the AI terminal sector, significant progress was made in areas such as AI glasses, XR wearables, and thermal management solutions [5][6][9] - The imaging display business saw a revenue increase of 103.32%, reaching CNY 11.270 billion in 2024 [5] Robotics and Automation - The company has been actively investing in automation and robotics, particularly in humanoid robots, with over 400 patents accumulated [9][10] - The product layout includes core technologies for servo motors, reducers, and controllers, aiming to become a manufacturer of complete robotic systems [10][12] Industry Outlook - The AI terminal market is expected to focus more on application scenarios, solutions, and service integration, with new terminal forms emerging rapidly [14] - The integration of AI technology in consumer electronics is anticipated to drive innovation and a new wave of product upgrades [6][14]

Overview of the Transaction - The company plans to issue convertible bonds and pay cash to acquire a 66.46% stake in Jiangsu Kedastern Automotive Technology Co., Ltd. from eight specific investors, making Jiangsu Kedastern a subsidiary of the company [3][5]. Fundraising Details - The company intends to raise funds through a private placement of shares to no more than 35 specific investors, with the total amount not exceeding 100% of the transaction price for the convertible bonds [4]. - The funds raised will be used for cash payments in the transaction, tax fees, personnel placement costs, and other merger-related expenses, as well as for Jiangsu Kedastern's ongoing projects and working capital [4]. Progress of the Transaction - As of December 6, 2024, the company held board and supervisory meetings to approve the transaction proposal, with further announcements made on January 4, January 25, and March 4, 2025, regarding the progress of the transaction [6][7]. - The company is actively advancing the transaction, with ongoing audits, evaluations, and profit forecasts being conducted [7].

Financial Performance - In 2024, the company achieved a revenue of CNY 44.211 billion, representing a year-on-year growth of 29.56% [6] - The net profit attributable to shareholders was CNY 1.753 billion, with a significant increase in operating cash flow to CNY 4.021 billion [6][7] - The AI terminal business generated revenue of approximately CNY 40.731 billion, growing by 32.75% year-on-year [8] - The fourth quarter of 2024 saw a record revenue of CNY 12.727 billion, up 34.28% year-on-year, with a net profit of CNY 348 million, marking a 92.20% increase [6][7] Business Segments - The imaging display segment achieved revenue of CNY 11.270 billion, a remarkable growth of 103.32% [9] - The thermal management business reported revenue of CNY 4.107 billion, reflecting a 9.20% increase from CNY 3.761 billion in 2023 [11] - The company is actively involved in the robotics sector, with over 400 patents accumulated and a focus on humanoid robots [15][16] International Expansion - The company operates 58 production and service locations globally, with 8 assembly bases in countries including Turkey, Brazil, India, and the USA [18] - The overseas business is expected to enhance profitability and establish a dual-cycle business model [18] Investor Relations and Returns - In 2024, the company plans to distribute cash dividends totaling CNY 140 million, which accounts for 11.41% of the net profit [21] - Over the three years from 2022 to 2024, the cumulative amount for dividends and share buybacks reached CNY 1.727 billion, representing 31.98% of the net profit [21] Manufacturing and Efficiency - The company implemented lean production initiatives, aiming for a yield target of 98%, with 80% of materials achieving a yield of 98.8% or higher [23] - Revenue per employee increased from CNY 471,700 to CNY 518,400, indicating improved operational efficiency [23]