广东领益智造股份有限公司 累积投票制度实施细则 广东领益智造股份有限公司 （2025年6月） 第一章 总 则 第一条 为规范广东领益智造股份有限公司（以下简称"公司"）选举董事的行为，维护 中小股东利益，切实保障社会公众股东选择董事的权利，根据《中华人民共和国公司法》《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》《上市公司治理准则》 等法律、法规、规范性文件和《公司章程》的有关规定，特制定本细则。 第二条 本细则所称累积投票制，是指公司股东会在选举两名以上董事时，出席股东会 的股东所拥有的投票权等于其所持有的股份总数乘以应选董事人数之积。出席会议股东可以将 其拥有的投票权全部投向一位董事候选人，也可以将其拥有的投票权分散投向多位董事候选人， 获选董事按应选董事人数依次以得票较高者确定。除只有一名董事候选人的情形外，单一股东 及其一致行动人拥有权益的股份比例在30％及以上的，应当采用累积投票制。 第三条 本细则所称的董事包括独立董事和非独立董事，由职工代表担任的董事由公司 职工民主选举产生或更换，不适用于本细则的相关规定。 第六条 股东对某一个或某几个董事候选人行使的表决权总数多于其拥有 ...

广东领益智造股份有限公司 A 股募集资金专项存储及使用管理制度 广东领益智造股份有限公司 A 股募集资金专项存储及使用管理制度 （2025 年 6 月） 第一章 总则 第一条 为规范广东领益智造股份有限公司（以下简称"公司"）A 股募集资金的管理和 使用，最大限度地保障公司、股东、债权人及其他利益相关人的合法权益，根据《中华人民 共和国公司法》 （以下简称"《公司法》"） 《中华人民共和国证券法》 （以下简称"《证券法》"） 《上市公司证券发行管理办法》 《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》《深圳证券交易所股票上市规则》 （以下简称"《股票上市规则》"）及《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》等法律法规和《广东领益 智造股份有限公司章程》（以下简称"《公司章程》"）的规定和要求，结合公司实际情况， 特制定本制度。 本制度仅适用于公司在境内公开发行证券以及非公开发行证券的募集资金管理。 第六条 公司募集资金应当专款专用。公司使用募集资金应当符合国家产业政策和相关 法律法规，践行可持续发展理念，履行社会责任，原则上应当用于主营业务，有利于增强公 ...

- The report focuses on monitoring the capital behavior of the rare earth industry, emphasizing its strategic importance in high-end manufacturing, new energy, and defense technology[2][10] - The CSI Rare Earth Industry Index (930598.CSI), composed of 42 A-share listed companies involved in the rare earth industry, has risen by 18.06% in 2025 and 10.09% since April 7, 2025[2][12][13] - Public fund holdings in the rare earth sector are at their lowest level since 2018, based on real-time calculations using public market information such as fund net value, disclosed holdings, and research activities[3][17] - ETF holdings in the rare earth sector are at a historical high, accounting for 3.8% of the sector's market value as of Q1 2025, reflecting the growing trend of index investment in the A-share market[3][19][20] - Margin financing in the rare earth sector has remained stable in 2025, while short selling levels are relatively low, indicating a positive market outlook among investors[3][22][24] - Institutional research activities have been most frequent for companies like Wolong Electric, JL MAG Rare-Earth, and Shenghe Resources in 2025[3][25][27] - Key stocks such as Guangsheng Nonferrous, China Rare Earth, and Keheng Co. have garnered the highest attention from influential users on the Xueqiu platform, highlighting their market interest[3][28][30] - Major funds have shown significant net inflows into stocks like Lingyi iTech, Guangsheng Nonferrous, and Aluminum Corporation of China since June 1, 2025, based on large and ultra-large order data[3][30][31] - Stocks such as Yingluohua, Keheng Co., and Jiuling Technology have frequently appeared on the Dragon and Tiger List since June 1, 2025, indicating active trading by major market players[3][32][33] - High-frequency shareholder data reveals that companies like Wolong Electric, Huahong Technology, and Yunlu Co. have experienced the highest increases in shareholder numbers, which may signal potential risks for subsequent stock price movements[3][35][36]

Group 1: Liquidity and Performance of Rare Earth ETF - The liquidity of the Rare Earth ETF managed by Jiashi has a turnover rate of 2.74%, with a transaction volume of 66.81 million yuan [2] - Over the past week, the average daily transaction volume of the Rare Earth ETF reached 122 million yuan, ranking first among comparable funds [2] - In the last two weeks, the Rare Earth ETF's scale increased by 568 million yuan, achieving significant growth and ranking first in new scale among comparable funds [2] - The ETF's shares increased by 39.5 million in the past week, indicating substantial growth [2] - In the last five trading days, there were net inflows on three days, totaling 115 million yuan [2] - As of June 18, the net value of the Rare Earth ETF has risen by 30.55% over the past year, ranking 376 out of 2857 in the index stock fund category, placing it in the top 13.16% [2] - Since its inception, the ETF has recorded a highest monthly return of 41.25%, with the longest consecutive monthly gains being four months and a maximum cumulative increase of 83.89% [2] Group 2: Key Holdings and Market Dynamics - As of May 30, the top ten weighted stocks in the China Rare Earth Industry Index account for 57.28% of the index, including Northern Rare Earth, China Rare Earth, Wolong Electric Drive, and others [2] - The Ministry of Commerce announced on June 19 that it will expedite the review of rare earth export license applications, emphasizing the importance of maintaining global supply chain stability [4] - Recent reports suggest that domestic export licenses are being gradually issued, and rising prices abroad are expected to be transmitted to the domestic market [5] - The domestic rare earth prices are currently at a cyclical low, with expectations for a continued upward adjustment in price levels [5] - Investors can consider the Rare Earth ETF Jiashi linked fund (011036) to capitalize on investment opportunities in the rare earth sector [5]

Core Viewpoint - The company, Lingyi Zhi Zao, is adjusting its fundraising projects, increasing the investment in the carbon fiber project and introducing a new humanoid robot project, indicating a strategic shift towards advanced materials and robotics [1][2]. Group 1: Carbon Fiber Project - The investment for the carbon fiber and heat dissipation precision components project has been increased from 266 million to 743 million yuan, focusing on the development and production of carbon fiber components for foldable smartphones [1]. - The project aims to enhance the hinge structure to reduce crease impact and extend the lifespan of foldable devices, with an expected annual production capacity of 6.889 million carbon fiber components by 2025 [1]. Group 2: Humanoid Robot Project - A new humanoid robot project has a planned investment of 137 million yuan, with 50 million yuan sourced from the fundraising, and aims to address key technological bottlenecks in thermal management for practical and commercial applications [2][3]. - The project will focus on the research and development of critical components such as structural parts, joint modules, and complete systems, enhancing the company's capabilities in the robotics industry [3].

广东领益智造股份有限公司 关于为子公司提供担保的进展公告 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、担保情况概述 广东领益智造股份有限公司（以下简称"公司"或"领益智造"）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《关于公司及子公司 2025 年度担保事项的 公告》。 二、担保进展情况 近日，公司、公司全资子公司领益科技（深圳）有限公司（以下简称"领益 科技 ...

Investment Rating - The report maintains an "Outperform" rating for the company [6] Core Insights - The company is increasing its investment in heat dissipation capacity and humanoid robot research, with a projected annual output value of 1.294 billion yuan for the heat management project [6] - The company has launched a 2025 employee stock ownership plan to enhance talent incentives, targeting revenue or net profit growth of no less than 10%/20%/30% from 2024 to 2027 [6] - The report forecasts net profits of 2.777 billion yuan, 3.411 billion yuan, and 3.942 billion yuan for 2025, 2026, and 2027 respectively, with a PE ratio of 21 and 17 for 2025 and 2026 [6] Financial Data and Profit Forecast - Total revenue is projected to grow from 44,211 million yuan in 2024 to 63,951 million yuan in 2027, with a CAGR of approximately 11.3% [5] - The net profit for 2025 is estimated at 2,777 million yuan, reflecting a year-on-year growth of 58.4% [5] - The gross margin is expected to improve from 15.8% in 2024 to 19.0% in 2027 [5] Project Investment Adjustments - The investment in the carbon fiber and heat dissipation precision parts project has increased to 868 million yuan, with a projected annual output value of 1.294 billion yuan [6][8] - A new investment of 137 million yuan is allocated for the humanoid robot key components and complete machine upgrade project [6][8] - The total adjusted investment across various projects is now 3,323 million yuan, with 2,046 million yuan sourced from raised funds [8][9]

Core Viewpoint - The rare earth industry is experiencing fluctuations, with the China Rare Earth Industry Index down by 1.59% as of June 19, 2025, while specific stocks show mixed performance, indicating a volatile market environment [1][3]. Industry Summary - The rare earth sector is crucial for various industries, including electric vehicles and wind power, with China producing nearly 70% of the world's rare earth materials as of 2024, highlighting its significant role in the global supply chain [5][6]. - The overall attention on the rare earth sector is expected to increase due to its pricing power and extensive downstream applications, alongside policy catalysts that may lead to a revaluation of the sector [6]. Company Summary - The rare earth ETF managed by Harvest (516150) has shown a trading volume of 2.75% and a transaction value of 67.89 million yuan, ranking first among comparable funds in terms of average daily trading volume over the past week [3]. - The Harvest rare earth ETF has seen a net inflow of 9.1964 million yuan recently, with a total of 26.9 million yuan in net inflows over the past five trading days, indicating strong investor interest [3]. - As of June 18, 2025, the Harvest rare earth ETF's net asset value has increased by 30.55% over the past year, placing it in the top 13.16% among equity index funds [3].

Core Viewpoint - Longying Intelligent Manufacturing (领益智造) has launched a new employee stock ownership plan (ESOP) for 2025, aiming to incentivize core employees and enhance performance through specific targets [2][3][4] Employee Stock Ownership Plan - The 2025 ESOP involves a maximum of 26.4 million shares, targeting up to 100 core employees, excluding major shareholders and their relatives [2][4] - The shares will be sourced from the company's repurchased stock, with a purchase price of 4.49 yuan per share, which is 54.20% of the average repurchase price of 8.3205 yuan per share [3][4] Performance Targets - The ESOP includes performance assessment goals, requiring revenue growth of at least 10%, 20%, and 30% from 2025 to 2027, or net profit growth of the same percentages [4] - Analysts suggest that maintaining a 10% growth rate over three consecutive years poses a significant challenge [4] Previous Incentive Plans - Since 2021, Longying has implemented five incentive plans, covering over 2,600 employees, including stock options and restricted stock plans [5][6] - The company has granted a total of 54.546 million stock options and 15.2234 million restricted shares to core employees in previous years [5][6] Financial Performance - In Q1 2023, Longying reported a net profit of 565 million yuan, a year-on-year increase of over 20% [2][9] - The company has seen fluctuations in net profit, with figures of 1.853 billion yuan in 2021, 2.051 billion yuan in 2022, and 1.753 billion yuan in 2024, reflecting a decline of 14.50% [8][9] R&D Investment - Longying has invested approximately 59.18 billion yuan in R&D over the past three years, with annual expenditures around 20 billion yuan [7][8] Industry Expansion - The company is diversifying its business from the "fruit chain" to the "car chain," with plans to enter the automotive parts market through the acquisition of a 66.46% stake in Jiangsu Kedasit [9] - Longying aims to explore new growth avenues in robotics, AI glasses, foldable screens, and servers by 2025 [9]

| 证券代码：002600 | 证券简称：领益智造 公告编号：2025-075 | | --- | --- | | 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 关于为子公司提供担保的进展公告 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、担保情况概述 广东领益智造股份有限公司（以下简称"公司"或"领益智造"）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. ...