Market Overview - The A-share market experienced an overall increase on May 29, with the Shanghai Composite Index closing at 3363.45 points, up 0.7%, the Shenzhen Component Index at 10127.2 points, up 1.24%, and the ChiNext Index at 2012.55 points, up 1.37%. The North Star 50 Index rose by 2.73%. Total trading volume reached 12136.01 billion yuan, an increase of 1795.28 billion yuan compared to the previous trading day [1]. Capital Flow - The net inflow of main funds in the A-share market was 74.33 billion yuan, with an opening net outflow of 19.58 billion yuan and a closing net inflow of 23.89 billion yuan [2]. - The net inflow for the CSI 300 was 12.91 billion yuan, while the ChiNext saw a net inflow of 42.65 billion yuan, and the STAR Market experienced a net outflow of 17.3 billion yuan [4]. Sector Performance - Among the 23 sectors, the computer industry led with a net inflow of 191.73 billion yuan, followed by the electronics sector with 124.39 billion yuan, and the pharmaceutical and biological sector with 112.04 billion yuan. The non-bank financial sector saw a net inflow of 47.51 billion yuan, while the communication sector had 34.87 billion yuan [6][7]. - The sectors with the largest net outflows included food and beverage with -21.56 billion yuan, basic chemicals with -12.02 billion yuan, and banking with -8.89 billion yuan [7]. Individual Stock Activity - The stock with the highest net inflow was Shanzhi Gaoke, with 7.11 billion yuan [8]. - Institutional investors showed significant interest in several stocks, with Wangzi New Materials receiving a net buy of 41.11 million yuan, and Sifang Precision receiving 36.17 million yuan [11][12]. Institutional Focus - Recent institutional ratings highlighted several stocks, including Huichuan Technology with a target price of 73.00 yuan, indicating an upside potential of 8.83%, and Longying Precision with a target price of 24.70 yuan, suggesting a 19.73% upside [14].

Investment Rating - The report initiates coverage with a rating of "Buy" and sets a target price of 24.70 CNY [2][11]. Core Insights - The company's performance is driven by the integration of Apple intelligence and the penetration of titanium alloy in the consumer electronics sector, while the new energy business is entering a capacity release phase, and the robotics business is expected to grow significantly [3][11]. - The company is well-positioned in the precision electronic components market, with a diverse product matrix covering consumer electronics, new energy, and robotics [20]. Financial Summary - The company is projected to achieve revenues of 19.12 billion CNY in 2025, with a growth rate of 12.9% compared to the previous year, and net profit is expected to reach 888 million CNY, reflecting a 15% increase [10][17]. - The earnings per share (EPS) for 2025 is estimated at 0.65 CNY, with projections of 0.81 CNY and 0.93 CNY for 2026 and 2027, respectively [10][17]. Business Segments Consumer Electronics - The company provides precision structural components and connectors primarily for major clients like Apple and Samsung, with expected revenue growth driven by the upcoming Macbook replacement cycle and increasing demand for titanium alloy components in high-end Android devices [15][29]. - Revenue from consumer electronics is projected to be 115.08 billion CNY in 2025, with a slight decrease in gross margin due to competitive pressures [15][16]. New Energy - The new energy segment is expected to see revenue growth to 67.78 billion CNY by 2025, supported by the company's partnerships with major clients like Tesla and CATL [16][41]. - The gross margin for the new energy segment is anticipated to remain stable at around 16% [16]. Robotics - The robotics segment is projected to grow rapidly, with revenues expected to reach 1.74 billion CNY in 2025, driven by partnerships with leading firms and the introduction of humanoid robots [16][41]. - The gross margin for robotics is expected to stabilize around 22% [16]. Valuation - The report utilizes a comparative analysis with companies like GoerTek and Lens Technology, applying both PE and PB valuation methods to arrive at a target price of 24.70 CNY, reflecting a cautious approach [19][21].

Industry Overview - Precision manufacturing utilizes advanced machinery and technology to produce high-precision and complex products, characterized by high accuracy, consistency, and reliability [1][2] - The industry chain consists of upstream raw materials and equipment supply, midstream precision processing and manufacturing, and downstream application fields including consumer electronics and smart vehicles [2][4] Global Market - The global precision component manufacturing market is projected to grow from $152.29 billion in 2022 to over $180 billion in 2024, with a forecast of reaching $198.66 billion by 2025 [1][4] - The precision structure components and modules market within consumer electronics is expected to reach $66.3 billion in 2024, growing by 5.07% year-on-year, and is anticipated to exceed $70 billion in 2025 [6][8] Domestic Market - The domestic precision manufacturing industry is expanding rapidly, driven by sectors such as semiconductors and new energy vehicles, with the precision instrument market projected to grow from ¥622.1 billion in 2020 to ¥898.8 billion in 2024 [10] - Increased competition is leading to market consolidation, with a focus on high-precision design and manufacturing capabilities [10] Competitive Landscape - The global precision manufacturing market is dominated by companies from developed countries like the USA, Japan, and Germany, known for their technological advancements and market share [12] - Chinese companies such as Luxshare Precision, Zhonghai Guangdian, and Dongshan Precision are increasing their market presence through enhanced R&D and product quality [12][14] Development Trends - The industry is accelerating its digital and intelligent transformation, utilizing technologies like AI, big data, and automation to optimize production processes and reduce costs [18] - Green manufacturing is becoming a key focus, with companies emphasizing energy conservation, resource recycling, and environmentally friendly materials [19] - The application of new materials and technologies, such as 3D printing and nanotechnology, is driving advancements in precision manufacturing, particularly in high-performance sectors like aerospace and medical devices [20]

越疆机器人成立于2015年，已推CRA、CRAS、MG400、M1Pro、Nova、Magician 等二十余款 协作机器人产品，并发布了全球首款「灵巧操作+直膝行走」具身智能人形机器人 Atom，是全球协 作机器人行业产品组合丰富程度居前的公司。领先的产品力持续提高公司的商业化能力，越疆机器人 已广泛应用于汽车、3C 电子、锂电、食品和饮料、医疗、教育、新零售和农业等超过 15 个行业的 200 多个场景，连续 7 年位居中国出口量第一，全球部署机器人超过 80,000 台，获得超过 80+ 世界 500 强公司认可，目前越疆机器人服务网络覆盖 80 多个国家和地区，确保为全球客户提供全 方位的服务和技术支持。 2. 睿尔曼智能 【DT新材料】 仿人机械臂，作为人形机器人最关键的执行部件之一，正成为企业技术布局的重要方 向。当前，已有不少企业围绕仿人机械臂展开产品布局，有的提供独立的机器人手臂产品，有的则在 协作机器人基础上，逐步切入人形机器人整机研发。 本文将对部分代表性企业进行简要盘点，排名不分先后，若有遗漏，欢迎在评论区补充交流。 1. 越疆机器人 睿尔曼是一家专注于超轻量仿人机械臂研发、生产及销售的 ...

3、因本次权益分派需要，公司向中国证券登记结算有限责任公司深圳分公司申 请办理分红派息业务至股权登记日期间，公司《2022 年股票期权激励计划》激励对 象在第二个行权期暂停自主行权。 4、本次实施的分配方案与 2024 年度股东会审议通过的分配方案及其调整原则 证券代码：300115 证券简称：长盈精密 公告编号：2025-28 深圳市长盈精密技术股份有限公司 2024 年度权益分派实施公告 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。 深圳市长盈精密技术股份有限公司（以下简称"长盈精密"或"公司"）2024 年度 权益分派方案已获 2025 年 5 月 9 日召开的 2024 年度股东会审议通过，现将权益分 派事宜公告如下： 一、股东会审议通过利润分配方案的情况 1、公司于 2025 年 5 月 9 日召开 2024 年度股东会，审议通过了《关于公司 2024 年度利润分配预案的议案》，具体预案如下：公司拟以 2025 年 4 月 17 日的总股本 135,602.3339 万股为基数，每 10 股派发现金股利人民币 1.3 元（含税）,共计派发现 金股利 ...

Group 1: Company Overview and Core Competencies - The company focuses on consumer electronics and the new energy sector, leveraging its technological, talent, and financial advantages to establish industry barriers [1] - Core competitiveness lies in the vertical integration of materials, processes, and equipment, providing comprehensive solutions from material to process [2] - The company has its own research institute dedicated to developing new materials, particularly composite and non-metal materials, ensuring high-quality and cost-effective solutions for clients [2] Group 2: Robotics Industry Engagement - Since 2017, the company has sold over 10,000 industrial robots, positioning itself well within the humanoid robotics industry [2] - The company serves major automotive and technology clients, facilitating their transition into the humanoid robotics sector [2] - It offers one-stop services for early-stage humanoid robotics clients, including design optimization and cost reduction [2] Group 3: Production Capabilities and Expansion - The company has established a significant overseas production base in Vietnam, covering nearly 800 acres, with one factory already operational and generating monthly sales exceeding RMB 60 million [4] - Additional factories in Mexico and Hungary are in various stages of development, with the first Mexican factory operational since 2022 and a second set to launch in June 2025 [5] - The company’s manufacturing capabilities can be adapted for robotics production, with most of its precision manufacturing capacity transferable through upgrades [4]

证券代码：300115 证券简称：长盈精密 公告编号：2025-27 深圳市长盈精密技术股份有限公司 关于参加深圳证券交易所"机巧灵动 赋能新制造" 2024 年度集体业绩说明会的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 3、召开方式：视频直播与图文转播 4、公司出席人员：公司总经理陈小硕先生，财务总监朱守力先生，董事会秘 书胡宇龙先生。 二、投资者问题征集方式 为充分尊重投资者、提升交流的针对性，现就本次业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议。投资者可提前登陆深交所"互动易" 平台（http://irm.cninfo.com.cn）"云访谈"栏目进入本次业绩说明会页面，或扫描二 维码（附后）进入问题征集专题页面进行提问。公司将在本次业绩说明会上对投 资者普遍关注的问题进行回答。 深圳市长盈精密技术股份有限公司（以下简称"公司"） 将于 2025 年 5 月 15 日（星期四）15:00－17:00 参加由深圳证券交易所组织召开的以"机巧灵动・赋能新 制造"为主题的集体业绩说明会活动，现将有关事项公告如下： 一、本次业绩说明会的 ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于深圳市长盈精密技术股份有限公司 2024 年度股东会的 法律意见书 致：深圳市长盈精密技术股份有限公司 上海市锦天城律师事务所（以下简称"本所"）作为深圳市长盈精密技术股 份有限公司（以下简称"公司"）的常年法律顾问，受公司委托，指派律师出席 公司 2024 年年度股东会（以下简称"本次股东会"），并根据《中华人民共和 国证券法（2019 修订）》（以下简称"《证券法》"）、《中华人民共和国公 司法（2023 修订）》（以下简称"《公司法》"）、《上市公司股东会规则（2025 修订）》（以下简称"《股东会规则》"）等法律、法规、规章、规范性文件及 现行有效的《深圳市长盈精密技术股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，对本次股东会进行见证并出具本法律意见书。 为出具本法律意见书，本所律师通过出席现场会议的方式对本次股东会进行 见证，对本次股东会所涉及的相关事项进行了必要的核查和验证，审查了公司提 供的本次股东会的有关文件和材料，并参加了公司本次股东会的全过程。本所得 到公司如下保证，公司已提供了本所律师为出具本法律意见书所必需的 ...

证券代码：300115 证券简称：长盈精密 公告编号：2025-26 深圳市长盈精密技术股份有限公司 2024 年度股东会决议公告 本公司及其董事会全体成员保证公告内容真实、准确、完整，公告 不存在虚假记载、误导性陈述或重大遗漏。 特别提示： 1、为尊重中小投资者利益，提高中小投资者对公司股东会决议的重大事项的参 与度，本次股东会对中小投资者进行单独计票，中小投资者指上市公司董事、监事、 高级管理人员及单独或者合计持有上市公司5%以上股份的股东以外的其他股东。 2、本次股东会无增加、变更、否决议案的情况。 3、本次股东会不涉及变更前次股东会决议的情况。 4、本次股东会以现场会议和网络投票相结合的方式召开。 一、本次股东会召开和出席情况 1、现场会议召开日期、时间：2025年5月9日（星期五）下午15:00 2、网络投票时间：2025年5月9日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为2025年5月9日 上午9:15至9:25，9:30至11:30，下午13:00至15:00； 通过深圳证券交易所互联网投票的具体时间为2025年5月9日上午9:15至下午 15:00期间的任意时间。 3、现场会议 ...

中国国际金融股份有限公司 关于深圳市长盈精密技术股份有限公司 2024 年度持续督导跟踪报告 | 保荐人名称:中国国际金融股份有限公司 | 被保荐公司简称:长盈精密 | | --- | --- | | 保荐代表人姓名:杨佳倩 | 联系电话:010-65051166 | | 保荐代表人姓名:詹超 | 联系电话: 010-65051166 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | (1)是否及时审阅公司信息披露文件 | 是 | | (2)未及时审阅公司信息披露文件的次数 | 0 次 | | 2. 督导公司建立健全并有效执行规章制度的情况 | | | (1)是否督导公司建立健全规章制度(包括但不 限于防止关联方占用公司资源的制度、募集资金 | | | | 是 | | 管理制度、内控制度、内部审计制度、关联交易制 | | | 度) | | | (2)公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | (1)查询公司募集资金专户次数 | 12 次 | | (2)公司募集资金项目进展是否与信息披露文件 | | | ...