广东华商律师事务所 关于 深圳市雷赛智能控制股份有限公司 注销 2022 年股票期权激励计划部分股票期权 的 法律意见书 二〇二五年四月 深圳市福田区深南大道 4011 号香港中旅大厦 21-26 层 21-26F, HKCTS Tower, 4011 Shennan Road, Futian District, Shenzhen, PRC 电话(Tel)：0086-755-83025555 传真(Fax)：0086-755-83025068 邮政编码(P.C.)：518000 网址 https://www.huashanglawyer.com/ 法律意见书 广东华商律师事务所 关于深圳市雷赛智能控制股份有限公司 2、本所依据本法律意见书出具日以前已经发生或存在的事实和中国现行法 律、行政法规、部门规章和其他规范性文件和《公司章程》的有关规定发表法律 1 法律意见书 意见。 3、本所及经办律师声明，截至本法律意见书出具之日，本所及经办律师均 未持有雷赛智能的股份，与雷赛智能之间亦不存在可能影响本所律师公正履行职 责的其他关系。 4、在为雷赛智能出具本法律意见书而进行的调查过程中，公司向本所承诺： 其已向本所律 ...

证券代码：002979 证券简称：雷赛智能 公告编号：2025-021 深圳市雷赛智能控制股份有限公司 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。 深圳市雷赛智能控制股份有限公司（以下简称"公司"或"雷赛智能"） 于 2025 年 4 月 24 日召开第五届董事会第十六次会议、第五届监事会第十二次 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》， 现将有关事项说明如下： 一、2022 年股票期权激励计划已履行的相关审批程序 1、2022 年 8 月 25 日，公司第四届董事会第十七次会议审议通过了《关于 公司<2022 年股票期权激励计划（草案）>及摘要的议案》《关于公司<2022 年 股票期权激励计划实施考核管理办法>的议案》《关于提请股东大会授权董事会 办理公司 2022 年股票期权激励计划有关事宜的议案》。同日，公司第四届监事 会第十四次会议审议上述议案并对本期激励计划的激励对象名单进行核实，公 司独立董事就本期激励计划发表了独立意见。 2、2022 年 8 月 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 390,486,250.56, representing a year-on-year increase of 2.36% compared to CNY 381,495,312.07 in the same period last year[4] - Net profit attributable to shareholders for Q1 2025 was CNY 55,819,501.95, up 2.25% from CNY 54,590,237.18 in Q1 2024[4] - Total operating revenue for the current period reached CNY 390,486,250.56, an increase of 2.9% compared to CNY 381,495,312.07 in the previous period[43] - Net profit for the current period was CNY 56,882,892.45, representing an increase of 3.8% from CNY 54,804,881.96 in the previous period[44] - Total comprehensive income for the period reached CNY 56,881,857.24, an increase from CNY 54,808,811.41 in the previous period[45] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY -3,641,170.15, a 87.11% increase compared to CNY -28,252,533.90 in the previous year[6] - Cash inflow from operating activities totaled CNY 338,740,069.58, compared to CNY 267,072,455.55 in the prior period, reflecting a growth of approximately 26.7%[46] - Cash outflow from operating activities was CNY 342,381,239.73, up from CNY 295,324,989.45, indicating an increase of about 15.9%[46] - Cash flow from investing activities was negative CNY 3,144,379.58, compared to negative CNY 2,816,665.14 in the previous year[46] - Cash flow from financing activities generated a net inflow of CNY 69,884,876.18, down from CNY 79,728,165.20 year-over-year[46] Assets and Liabilities - Total assets increased by 4.51% to CNY 2,485,902,812.38 from CNY 2,378,624,207.32 at the end of the previous year[4] - Current liabilities rose to CNY 692,104,773.27, up from CNY 649,081,786.81, indicating an increase of 6.6%[42] - The company's total equity attributable to shareholders of the parent company increased to CNY 1,546,691,016.61 from CNY 1,486,708,637.96, a rise of 4.0%[42] Shareholder Information - The total number of common shareholders at the end of the reporting period was 44,030[10] - The largest shareholder, Li Weiping, holds 28.00% of the shares, totaling 86,130,000 shares[10] - The company plans to repurchase shares with a total fund of no less than RMB 60 million and no more than RMB 120 million, with a maximum repurchase price of RMB 25.00 per share[11] - As of the end of the reporting period, the company has repurchased a total of 1,696,800 shares, accounting for 0.55% of the total share capital, with an average repurchase price of RMB 16.97 per share[11] - The top ten shareholders hold a combined total of 49.10% of the shares[10] Strategic Focus - The company focused on traditional industries such as electronics and 3C, while also expanding into the packaging sector to offset declines in the photovoltaic and lithium battery industries[8] - The company continues to pursue its strategic goals in "smart manufacturing" and "mobile robotics," focusing on high-quality development and steady operational strategies[8] Cost Management - The company implemented cost reduction and efficiency improvement measures, resulting in a decrease in operating costs despite the challenges faced in the market[8] - The company reported a decrease in credit impairment losses by 66.67%, reflecting a reduction in bad debt provisions[5] - Other income decreased by 36.74% to CNY 9,396,008.69 due to a reduction in non-recurring government subsidies[5] Research and Development - Research and development expenses for the current period were CNY 48,406,991.26, slightly up from CNY 47,143,001.11, indicating a focus on innovation[44] Stock Options and Incentives - The total number of stock options granted in the 2022 stock option incentive plan was adjusted from 5.44 million to 5.332 million, with the number of initial grantees reduced from 270 to 216[23] - The estimated future stock option incentive cost for the 2022 plan is 14.83 million RMB, with amortization of 1.07 million RMB in 2022, 6.46 million RMB in 2023, 4.71 million RMB in 2024, and 2.60 million RMB in 2025[23] - The actual number of stock options exercised in the first exercise period was 1,003,300 options at an exercise price of 20.07 RMB per option, with a total of 993,647 options exercised by the end of the reporting period[25] Employee Stock Ownership Plan - The company plans to raise a total of 45.90 million RMB through the employee stock ownership plan, with a maximum of 2.56 million shares to be allocated, representing 0.83% of the company's total share capital[29] - The employee stock ownership plan was approved by the shareholders' meeting on September 13, 2022, allowing the board to manage necessary changes and terminations[30] - The 2023 employee stock ownership plan aims to raise a total of 31.0695 million CNY, with a maximum of 1,155,000 shares allocated, representing 0.37% of the total share capital[36]

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 3.2 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The total distributable profit for the year, after accounting for the legal surplus reserve and previous undistributed profits, amounts to ¥721,107,199.85[144]. - The company plans to distribute a cash dividend of ¥3.20 per 10 shares (tax included), totaling ¥97,495,964.80, which represents 77.20% of the total profit distribution[145]. - The total cash dividend, including other methods such as share repurchase, is ¥126,295,937.45[145]. - The company approved a cash dividend of ¥1.20 per 10 shares, totaling ¥36,443,955.12, to be distributed on July 19, 2024[141]. Financial Performance - The company's operating revenue for 2024 reached ¥1,584,283,297.46, representing an increase of 11.93% compared to ¥1,415,367,674.51 in 2023[20]. - Net profit attributable to shareholders for 2024 was ¥200,464,567.18, a significant increase of 44.67% from ¥138,568,942.32 in 2023[20]. - The net profit after deducting non-recurring gains and losses was ¥196,139,177.50, up 57.61% from ¥124,443,394.99 in 2023[20]. - The net cash flow from operating activities for 2024 was ¥211,179,424.27, a remarkable increase of 141.12% compared to ¥87,581,119.69 in 2023[20]. - Basic earnings per share for 2024 were ¥0.65, reflecting a 44.44% increase from ¥0.45 in 2023[20]. Market and Industry Insights - The OEM automation industry market size decreased by 5% in 2024, presenting challenges for the company[28]. - The total market size for China's automation industry is projected to reach approximately 300 billion yuan in 2024, with the OEM automation market exceeding 100 billion yuan[42]. - The company aims to enhance domestic equipment localization rates and capitalize on structural growth opportunities in the industrial automation sector[30]. - The company is focusing on "intelligent equipment motion control" and expanding into "mobile robotics" to adapt to market changes[29]. Research and Development - R&D investment for the year 2024 is expected to account for 12.30% of total revenue, maintaining a commitment to over 10% R&D investment intensity annually[44]. - The company has accumulated 1,441 independent intellectual property rights, including 541 effective patents and 196 software copyrights[44]. - The company has a strong focus on technological innovation and product development, utilizing an integrated development model to enhance R&D efficiency and product quality[37]. - R&D investment amounted to 195 million yuan, accounting for 12.30% of sales revenue, focusing on high-speed and high-precision motion control technologies[51]. Governance and Compliance - The company maintains an independent governance structure, complying with relevant regulations and continuously improving its internal management and control systems[108]. - The company has established a transparent performance evaluation and incentive mechanism linked to company and individual performance[106]. - The company ensures timely and accurate information disclosure, providing equal access to all investors[107]. - The company has a well-defined organizational structure, with separate operational locations from the controlling shareholder, ensuring independent functioning of the board and supervisory committees[109]. Risk Management - The company has confirmed that there are no significant risks affecting its ongoing profitability and future development strategies[4]. - The company acknowledges R&D risks due to the technology-intensive nature of its industry and emphasizes the need for continuous innovation and product development[95]. - The company is aware of intensified market competition and plans to enhance R&D investment and improve product quality to maintain market share[97]. - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements in its reports[4]. Employee and Management Structure - The total number of employees at the end of the reporting period is 1,420, with 1,128 in the parent company and 292 in major subsidiaries[136]. - The professional composition includes 488 production personnel, 319 sales personnel, 504 technical personnel, 24 financial personnel, and 85 administrative personnel[137]. - The management team includes professionals with extensive experience in finance, engineering, and operations, which supports strategic decision-making and operational efficiency[117][118][119]. - The company is actively pursuing talent acquisition strategies to strengthen its workforce and enhance operational capabilities[120][122]. Strategic Planning and Future Outlook - For 2025, the company plans to deepen market penetration and enhance R&D investment, aiming for high-quality growth despite external uncertainties[86]. - The company aims to grow into a "Chinese leader and world-class" specialized motion control group, focusing on both intelligent manufacturing and mobile robotics[42]. - The company is targeting the mid-to-low-end market by optimizing resource allocation and developing high-cost performance products to meet diverse customer needs[88]. - The company is focusing on deepening strategic industry opportunities by integrating motion control technology with industry scenarios to create maximum value for clients[89]. Shareholder Engagement and Rights - The company is committed to a shareholder return plan for the period 2022-2024, ensuring compliance with relevant regulations[141]. - The company ensures that minority shareholders have the opportunity to express their opinions and that their legal rights are protected[145]. - The company actively engages with investors and providing equal opportunities for all shareholders to exercise their rights[105]. - The company has not reported any instances of interference in its operations by the controlling shareholder during the reporting period[109].

点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 写在前面 （文末有惊喜） 一直在路上，所以停下脚步，只在于分享 包括： 新 材料/ 半导体 / 新能源/光伏/显示材料 等 投资要点 の 东吴证券 2 ◆ 灵巧手vs夹爪:场景落地不同,稳定性与泛化性的博弈。场景应用决定硬件需求，不同的场景匹配不同的硬件, 无论是灵巧手还是夹爪,都有英适合的应用场景。夹爪:泛化能力有限但稳定性高,更适合工业应用场景。夹 爪的泛化性弱于灵巧手,但低成本与高稳定性的特性使其更适配工业场景。一方面工业场景不会为多余的功能 买单,夹爪可以以最高的性价比满足工业端需求;另一方面夹爪泛化性差但操作简单,现有的控制算法已可以 赋予其较高的稳定性,这对于工业场景对高良率和高稳定性的要求比较友好。灵巧手:终局泛化能力强,适配 更复杂的应用场景。灵巧手相比夹爪能实现更多复杂的操作,例如需要抓握、手指联动的场景中,灵巧手是必 然选择。长期来看,人形机器人的最终目标就是融入人类的环境,因此灵巧手会是终局解决方案,能够适用于 更多的应用场景。 驱动模块/减速模块/传动模块是灵巧手的三大组成部分。1驱动 ...

Investment Rating - The report maintains an "Outperform" rating for the machinery equipment industry [5]. Core Views - The humanoid robot sector is rapidly advancing, with Tesla's humanoid robot aiming for mass production of 5,000 units by 2025. Domestic companies like Yushutech and ZhiYuan Robotics are also innovating quickly, focusing on key components such as reducers and sensors [3][4]. - AI infrastructure is experiencing growth driven by demand for data centers, benefiting companies involved in cooling systems [4]. - The low-altitude economy is progressing with infrastructure initiatives, aiming to create a unified air traffic management network [4]. Industry Dynamics - Humanoid Robots: Recent demonstrations include the release of a dexterous hand technology by Xingdong Era and a boxing video by Yushutech [1][18]. - Smart Welding: The application of pipeline welding robots by China National Petroleum has achieved scale [20]. - Low-altitude Economy: New companies and initiatives are being established to support the development of low-altitude economic infrastructure [21][26]. Company Dynamics - Yushutech and Chang'an Automobile signed a strategic cooperation agreement to collaborate on robotics technology [31]. - ZhiYuan Robotics participated in a roundtable discussion on economic trends [22]. - A joint venture was established between Junpu Intelligent and ZhiYuan Robotics to focus on humanoid robots [29]. Event Outlook - A humanoid robot half-marathon is scheduled to take place in Beijing on April 19, 2025, featuring humanoid robots competing alongside human participants [37]. Key Company Profit Forecasts and Investment Ratings - Companies such as Lide Harmony, Mingzhi Electric, and Huichuan Technology are rated as "Outperform" with various earnings per share (EPS) forecasts for 2023 and 2024 [9].

关于回购公司股份的进展公告 雷赛智能于2024年2月2日召开会议审议通过了《关于回购公司股份方案的议案》，计划使用自有资金以 集中竞价交易方式回购公司股份，用于后续实施员工持股计划或者股权激励。回购资金总额不低于人民 币6,000万元且不超过人民币12,000万元，回购价格不超过人民币25.00元/股。2025年1月9日，公司再次 召开会议，同意将回购期限延长6个月至2025年8月1日止。 截至2025年3月31日，公司通过股份回购专用证券账户以集中竞价方式回购公司股份1,696,800股，占公 司总股本比例的0.55%，最高成交价为17.14元/股，最低成交价为16.82元/股，支付的总金额为 28,799,972.65元（不含交易费用），回购均价16.97元/股。本次回购股份资金来源为公司自有资金，回 购价格未超过回购方案中拟定的价格上限，符合相关法律法规的要求。 截至2025年3月28日收盘，雷赛智能（002979）报收于52.13元，较上周的48.77元上涨6.89%。本周，雷 赛智能3月27日盘中最高价报56.39元。3月24日盘中最低价报47.65元。雷赛智能当前最新总市值140.5亿 元，在自动 ...

证券代码：002979 证券简称：雷赛智能 公告编号：2025-009 深圳市雷赛智能控制股份有限公司 关于回购公司股份的进展公告 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。 深圳市雷赛智能控制股份有限公司（以下简称"公司"）于 2024 年 2 月 2 日召开第五届董事会第七次会议审议通过了《关于回购公司股份方案的议案》， 公司拟使用自有资金以集中竞价交易方式回购公司股份用于后续实施员工持股 计划或者股权激励。本次用于回购资金总额不低于人民币 6,000 万元（含）且不 超过人民币 12,000 万元（含），回购价格不超过人民币 25.00 元/股（含）。具 体内容详见公司于 2024 年 2 月 6 日、2024 年 2 月 7 日在《证券时报》《中国证 券报》《上海证券报》《证券日报》及巨潮资讯网（http://www.cninfo.com.cn） 披露的《关于回购公司股份方案的公告》（公告编号：2024-001）、《回购报告 书》（公告编号：2024-004）。公司于 2025 年 1 月 9 日召开第五届董事会第十 四次会议审议通过了《关于延长回 ...

证券代码：002979 证券简称：雷赛智能 深圳市雷赛智能控制股份有限公司 投资者关系活动记录表 交流环节谈及的新兴领域如AI技术、机器人行业成长通常 会经历相对较长的发展周期，在发展初期营需要在技术研发、 工艺环节、设备选型及团队建设等方面进行大规模投入，中后 灵巧驱控公司聚焦在灵巧手核心零部件、组件和解决方案 提供商。同时公司最新发布的DH系列灵巧手解决方案，凭借 "高速通讯、高可靠性、高质价比、强大负载能力、强大感知 能力"五大比较优势，将助力机器人产业蓬勃发展，相关产品 与解决方案将于3月底在深圳工业展上隆重展出，敬请关注。 Q4:公司在机器人"小脑"等相关领域有什么进展? A:根据相关研究研究，机器人的逻辑架构由"大脑""小 脑"和肢体构成。其中，"小脑"主要负责模仿生物进行复杂 的运动控制，具体包括运动控制、路径规划以及步态平衡等功 能。公司基于多年来在运动控制技术领域的深耕，以及在PC- Based控制卡等相关产品方面积累的丰富经验，目前通用机器 人运动控制系统（即俗称的"小脑"）相关产品已在研发中。 编号：2025-04 接待中，与投资者进行了充分的交流与沟通，严格按照 《信息披露事务管理制度 ...

Investment Rating - The report maintains a "Buy" rating for the company [4][32]. Core Viewpoints - The company has launched the DH series dexterous hands, which includes models with 11, 20, and 24 degrees of freedom, with the first "popular" model set for trial production and sales starting in Q2 2025. The dexterous hands are designed for various applications beyond humanoid robots, with a long-term market potential exceeding 100 billion [1][3][11]. - The dexterous hands are positioned to leverage the company's existing advantages in motion control, offering high added value and unit price, while being less dependent on distribution channels. This opens up a broader market space as they can be installed on various embodied intelligent agents [2][18]. - The company is transitioning from a "stepping + servo + PLC" model to a "joint module + dexterous hand + brain" model, which is expected to enhance growth opportunities in the humanoid robot sector [4][30]. Summary by Sections Launch of DH Series Dexterous Hands - The DH series dexterous hands were officially launched on March 13, 2025, with the first model, DH116, featuring 11 degrees of freedom and a maximum load capacity of 40 kg, making it suitable for industrial and commercial automation [2][11][15]. Market Potential - The market for dexterous hands is projected to reach 108.73 billion yuan when humanoid robot production reaches 5 million units. The dexterous hands can also be installed on industrial robots and collaborative robots, significantly expanding the potential market [3][19][25]. Strategic Positioning in Humanoid Robotics - The company has established a strong foundation in the robotics sector, with a market share of 3.8% in servo products as of 2024, positioning itself as a key supplier of core components and solutions in the humanoid robotics market [4][30][28]. Profit Forecast and Investment Recommendations - The company is expected to achieve net profits of 215 million, 278 million, and 355 million yuan for the years 2024 to 2026, representing year-on-year growth rates of 54.85%, 29.48%, and 27.62%, respectively. The report continues to recommend a "Buy" rating based on the company's leading position in the industry and extensive layout in humanoid robotics [8][32][33].