Core Viewpoint - The company is increasing its investment in industrial projects, expanding its overseas market influence, and focusing on the development of high-end machine tools as part of its strategic adjustments announced during the annual shareholder meeting on May 15, 2024 [1]. Group 1: Investment and Funding Adjustments - The company plans to change the "R&D Center Technology Upgrade Project" to the "High-end CNC Grinding Machine R&D Center Construction Project," utilizing 54.9997 million yuan of the raised funds, which accounts for 17.21% of the total funds raised from the IPO [2]. - The total investment scale for the "High-end CNC Grinding Machine R&D Center Construction Project" is 132 million yuan, with the shortfall to be covered by the company's own or self-raised funds [2]. - The adjustment aims to establish an internationally leading R&D platform for CNC grinding machines, promoting independent innovation in high-end CNC grinding technology [2]. Group 2: Business Development and Market Position - The company is experiencing balanced development across its business segments, with an increase in orders from high-end manufacturing sectors such as automotive parts, aerospace, precision machining, semiconductors, and new materials [3]. - The domestic CNC machine tool export volume has been increasing, and the pace of domestic substitution is accelerating, indicating strong growth potential for mid-to-high-end machine tools like CNC grinding and pulling machines [3]. - The company aims to leverage its technological accumulation to focus on the R&D of high-end CNC grinding machine series, addressing high-end technical challenges in the CNC machine tool industry [3].

Meeting Details - The annual general meeting of Yuhuan CNC Machine Tool Co., Ltd. is scheduled for May 15, 2025, at 14:30, held at the company's conference room in Changsha, Hunan Province [1] - Voting will be conducted both on-site and online, with specific time frames for each method [1][2] Attendance and Voting - A total of 141 shareholders attended the meeting, representing 63,160,185 shares, which is 40.5380% of the total shares [2] - Among the attendees, 3 shareholders voted on-site, representing 62,888,335 shares (40.3635%), while 138 shareholders voted online, representing 271,850 shares (0.1745%) [2] - The participation of minority shareholders was noted, with 138 minority shareholders representing 271,850 shares (0.1745%) [2][3] Voting Results - The overall voting results showed that 63,136,985 shares (99.9633%) were in favor, 13,800 shares (0.0218%) were against, and 9,400 shares were abstained [3][4] - For minority shareholders, 248,650 shares (91.4659%) voted in favor, while 13,800 shares (5.0763%) were against, and 3.4578% abstained [3][4] Legal Compliance - The meeting was convened in accordance with the Company Law, Shenzhen Stock Exchange Listing Rules, and the company's articles of association [2][3] - The legal opinion provided by Hunan Qiyuan Law Firm confirmed that the meeting's procedures and voting results were valid and compliant with relevant laws [7][8]

Core Viewpoint - The legal opinion issued by Hunan Qiyuan Law Firm confirms the legality and validity of the procedures, participants, and voting results of the 2024 annual shareholders' meeting of Yuhuan CNC Machine Tool Co., Ltd. [1][5][11] Group 1: Meeting Procedures - The 2024 annual shareholders' meeting was convened by the company's board of directors, with a notice published on April 9, 2025, detailing the meeting's time, location, and agenda [2][3] - The meeting took place on May 15, 2025, at the company's facility in Changsha, Hunan Province, and was presided over by Chairman Xu Shixiong [2][3] Group 2: Attendance and Voting - A total of 3 shareholders and their proxies attended the meeting, representing 62,888,335 shares, which is 40.36% of the total voting shares [5] - An additional 138 shareholders participated via online voting, holding 271,850 shares, accounting for 0.17% of the total voting shares [5] - The qualifications of all attendees and the meeting's convener were verified as legitimate [4][5] Group 3: Voting Results - The meeting adopted several resolutions, including the approval of the 2024 Board of Directors' work report, with 63,136,985 votes in favor, representing the majority of the votes cast [6][7] - The voting results for the resolutions showed strong support from minority shareholders, with over 91% approval for key proposals [7][8][9] - The resolutions included the financial budget report and profit distribution plan, all receiving majority approval [9][10][11] Group 4: Conclusion - The legal opinion concludes that the meeting's procedures, participant qualifications, and voting results comply with relevant laws and regulations, affirming the legitimacy of the shareholders' meeting [11]

证券代码：002903 证券简称：宇环数控 公告编号：2025-024 宇环数控机床股份有限公司 2024 年年度股东大会决议公告 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： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开情况 （1）召开时间： 现场会议时间：2025 年 5 月 15 日（星期四）下午 14:30 网络投票时间： ① 通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 5 月 15 日 9:15- 9:25，9:30-11:30，13:00-15:00。 ②通过深圳证券交易所互联网投票系统投票的开始时间为 2025 年 5 月 15 日上午 9:15，结束时间为 2025 年 5 月 15 日下午 15:00。 （2）召开地点：湖南省长沙市浏阳制造产业基地永阳路 9 号公司会议室 （3）表决方式：本次股东大会采用现场表决与网络投票相结合的方式召开 ①现场表决：股东本人出席现场会议或者通过授权委托方式委托他人出席现场会 议； ②网络投票 ...

湖南启元律师事务所 关于宇环数控机床股份有限公司 2024年年度股东大会的 本所律师根据《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》"）《上市公司股东会规则》（以下简称"《股 东会规则》"）等我国现行法律、法规、规范性文件以及《宇环数控机床股份有限 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。 本所律师声明如下： （一）本所律师根据本法律意见书出具日以前已经发生或者存在的事实，严 格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证， 保证本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准 确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 （二）本所律师出具本法律意见是基于公司已承诺所有提供给本所律师的文 件的正本以及经本所律师查验与正本保持一致的副本均为真实、完整、可靠，无 隐瞒、虚假或重大遗漏之处。 （三）本所律师未授权任何单位或个人对本法律意见书作任何解释或说明。 法律意见书 为发表本法律意见，本所律师依法查验了公司提供的下列资料： 二零二五年五月 致：宇环数控机床股份有限公司 1 ...

Core Viewpoint - The company, Yuhuan CNC, is actively expanding its product offerings and market presence in high-end manufacturing sectors, particularly in the CNC grinding and machining equipment industry, with a focus on import substitution and technological advancement [2][5]. Business Development - The company's main products include CNC grinding machines, CNC polishing machines, CNC lathes, and intelligent equipment, which are widely used in various industries such as consumer electronics, automotive, aerospace, and semiconductors [2]. - In 2024, all business segments of the company are expected to develop evenly, with an increase in orders from high-end manufacturing sectors like automotive parts and aerospace [2]. Application in Consumer Electronics - The consumer electronics sector is a primary application area for the company's products, serving major clients like Apple, Huawei, and Samsung, particularly in the processing of components for mobile phones and other electronic devices [2]. Import Substitution - In 2024, China's grinding machine imports amounted to $830 million, a 7.7% increase year-on-year, indicating a growing demand for high-precision machining tools [4]. - The company is pushing high-end grinding machines to the market, contributing to the import substitution process in the CNC lathe sector following its acquisition of Hunan Southern Machine Tool Co., Ltd. [4]. Future Development Prospects - The company sees strong growth potential in high-end CNC grinding machines, driven by the domestic economic transformation and the increasing demand for precision in manufacturing [5]. - The company aims to enhance its core competitiveness in high-end equipment import substitution and expand into new materials processing and overseas markets [5]. Financial Performance - In Q1 2025, the company reported a main revenue of 125 million yuan, a year-on-year increase of 20.11%, while net profit attributable to shareholders decreased by 72.04% to 3.349 million yuan [5]. - The company's debt ratio stands at 28.77%, with a gross profit margin of 30.33% [5]. Market Activity - Recent financing data indicates a net inflow of 89.58 million yuan in the stock over the past three months, suggesting increased investor interest [6].

Group 1: Business Development - The company's main products include CNC grinding machines, CNC polishing machines, CNC drawing machines, and intelligent equipment, widely used in various industries such as consumer electronics, automotive, aerospace, and semiconductors [2] - In 2024, all business segments are expected to develop evenly, with continuous optimization of product and market structure [2] - Orders from high-end manufacturing sectors, including aerospace and semiconductors, have increased, with the precision composite vertical grinding machine successfully entering these fields [2] Group 2: Application in Consumer Electronics - The consumer electronics sector is a primary application area for the company's products, serving major clients like Apple, Huawei, and Samsung [2] - The company's products are used for processing exterior components of 3C products, including mobile phones and tablets, involving materials such as glass, sapphire, ceramics, and aluminum alloys [3] Group 3: Import Substitution - In 2024, China's grinding machine imports amounted to $1.2 billion, with a year-on-year growth of 7.7%, ranking among the top three in imported metal processing machines [3] - The company is advancing in the high-end CNC drawing machine sector, following the acquisition of Hunan Southern Machine Tool Co., which enhances its import substitution efforts [3] Group 4: Future Prospects - The domestic economic transformation emphasizes the importance of high-end manufacturing and self-sufficiency in China's manufacturing industry [3] - The export of CNC machine tools is increasing, and the pace of import substitution is accelerating, indicating strong growth potential for high-end CNC machines [3] - The company aims to strengthen its core competitiveness and focus on high-end equipment import substitution and overseas market development [3]

Group 1: Company Overview and Product Development - The main products of Yuhuan CNC include CNC grinding machines, CNC polishing machines, CNC pullers, and intelligent equipment, widely used in various industries such as consumer electronics, automotive, aerospace, and semiconductors [2] - In 2024, the company aims to enhance service levels for core customers in the consumer electronics sector while focusing on the R&D and production of high-end CNC grinding machines and pullers, capitalizing on the market shift towards high-end, intelligent, and green manufacturing [2] - The company has successfully entered high-end manufacturing fields, with increased orders from sectors like automotive parts and aerospace, highlighting its competitive advantage in import substitution [3] Group 2: Research and Innovation - The R&D of high-end CNC grinding machines is a key focus for the company's technological innovation and development [3] - The company has produced various high-precision grinding machines, achieving significant breakthroughs in high-end equipment import substitution [3] - Future plans include upgrading existing products to meet market demands and innovating high-end equipment through various research projects [3] Group 3: Equity Incentive Plan - The first phase of the 2020 restricted stock incentive plan has been successfully completed, with all performance assessment indicators met [4] - The second phase of the equity incentive plan involves granting a total of 3.64 million shares, with 1.428 million shares already unlocked [4] - The implementation of the equity incentive plan enhances employee motivation and team cohesion, improving the company's talent attraction in the industry [4] Group 4: Product Applications and Market Segments - The company's puller products include high-speed CNC pullers and various series of vertical and horizontal pullers, applicable to both metal and non-metal materials [5] - Key downstream applications for puller products span industries such as automotive, aerospace, wind power, and robotics [5] Group 5: Financial Forecast and Growth Strategy - The company forecasts a revenue growth of 15%-30% and a net profit increase of 100%-200% for 2025 [6][7] - The focus on high-end manufacturing and import substitution aligns with national strategic decisions for economic transformation and development [7] - The company aims to leverage technological innovation and operational improvements to enhance its core competitiveness in the CNC machine tool market [7]

Core Viewpoint - Yuhuan CNC showcased eight new devices at the China International Machine Tool Exhibition, highlighting its role as a leading enterprise in the Changsha CNC machine tool industry cluster [1] Group 1: New Products and Technologies - Yuhuan CNC, along with its subsidiaries Yuhuan Precision, Yuhuan Precision Research, and Southern Machine Tool, presented products under the theme "High Precision · Intelligent Future" [1] - The new products address processing challenges in various industries, including high-precision and high-surface quality parts, carbon-ceramic brake discs, large and extra-large workpieces, semiconductor substrates, and components for humanoid robots and planetary gear reducers [1] - Some of the independently developed products have reached international advanced levels, accelerating the process of replacing imported key equipment [1]

Group 1: Event Overview - The 19th China International Machine Tool Exhibition (CIMT2025) opened in Beijing, featuring over 2,400 exhibitors from 31 countries and regions, with a total exhibition area of 310,000 square meters, marking the largest scale in nearly a decade [1] Group 2: Company Highlights - Yuhuan CNC Machine Tool Co., Ltd. showcased eight innovative products at CIMT2025, with a booth area of nearly 500 square meters, achieving the largest exhibition scale in the company's history [3] - The exhibited products included high-precision CNC gantry guideway grinding machines, CNC spiral vertical internal lathes, vertical double-sided grinding machines, and vertical grinding centers, demonstrating the company's latest achievements in precision grinding technology [3] Group 3: Market and Innovation Focus - Yuhuan CNC's technological innovations are closely aligned with market and customer needs, addressing the automotive industry's demand for high-performance brake systems and the requirements for heat dissipation and lightweight in new energy vehicles [5] - The YHMG7776 high-precision CNC vertical double-end surface grinding machine has made significant breakthroughs in the grinding technology for carbon-ceramic brake discs [5] - The company also presented solutions in high-end manufacturing fields such as semiconductor large-size substrate preparation and wheel hub slotting [5] Group 4: Industry Impact - CIMT2025 serves as a significant platform for global machine tool industry exchanges, allowing Yuhuan CNC to showcase China's high-end CNC equipment manufacturing strength and engage in in-depth discussions with global industry experts on smart manufacturing trends [5] - Industry insiders noted that Yuhuan CNC's innovative achievements reflect the technological accumulation of China's machine tool industry in precision manufacturing, with specialized solutions accelerating the import substitution process of key equipment [5]