Core Viewpoint - Sileck (SZ 300382) announced a board meeting to discuss a proposal for bank credit facilities, indicating ongoing financial strategies and potential growth initiatives [1] Company Summary - For the first half of 2025, Sileck's revenue composition is as follows: battery shell business accounts for 67.48%, specialized equipment manufacturing for 29.48%, and other businesses for 3.04% [1] - As of the report, Sileck's market capitalization stands at 9.5 billion yuan [1]

一、董事会会议召开情况： 苏州斯莱克精密设备股份有限公司（以下简称"公司"）第六届董事会第十 四次会议于 2025 年 11 月 19 日上午 10：00 时在公司会议室以现场结合通讯方式 召开，会议通知已于 2025 年 11 月 17 日以邮件、电话、书面等方式送达给各位 董事，会议应参加董事 7 人，实际参加董事 7 人，其中独立董事罗正英、张秋菊、 王贺武，董事 Richard Moore、Dietmar Werner Raupach 以通讯方式参会并表决。 本次会议由董事长安旭先生主持，公司部分高级管理人员列席了会议。因本次会 议审议事项紧急，召集人已在会议上作出相关说明，全体董事一致同意豁免本次 董事会会议的提前通知期限，且已知悉与所议事项相关的必要信息。本次会议的 召集、召开和表决程序符合《公司法》《证券法》等有关法律、法规及《公司章 程》的规定，会议形成的决议合法有效。 二、董事会会议审议情况： 审议通过了《关于向银行申请授信额度的议案》 证券代码：300382 证券简称：斯莱克 公告编号：2025-097 苏州斯莱克精密设备股份有限公司 第六届董事会第十四次会议决议公告 本公司及董事会全体成 ...

Core Viewpoint - Sileck's stock price has shown a significant increase of 40.32% year-to-date, with recent trading activity indicating a mixed sentiment among investors [2]. Group 1: Stock Performance - As of November 14, Sileck's stock price decreased by 2.02%, trading at 15.07 CNY per share, with a total market capitalization of 9.771 billion CNY [1]. - Year-to-date, Sileck's stock has risen by 40.32%, with a 0.94% increase over the last five trading days, 5.90% over the last 20 days, and 3.79% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Sileck reported a revenue of 1.630 billion CNY, representing a year-on-year growth of 50.85%, and a net profit attributable to shareholders of 14.6325 million CNY, up 195.39% year-on-year [3]. - Since its A-share listing, Sileck has distributed a total of 0.869 billion CNY in dividends, with 0.248 billion CNY distributed over the last three years [4]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, Sileck had 24,200 shareholders, an increase of 24.79% from the previous period, with an average of 26,754 circulating shares per shareholder, down 19.87% [3]. - Among the top ten circulating shareholders, Yongying Advanced Manufacturing Smart Selection Mixed Fund A holds 30.8675 million shares, an increase of 1.8734 million shares from the previous period [4].

Core Viewpoint - Sileck's stock price has shown significant growth this year, with a 45.34% increase, and the company has reported strong revenue and profit growth in the first nine months of 2025 [2][3]. Group 1: Stock Performance - As of November 12, Sileck's stock price rose by 2.09% to 15.61 CNY per share, with a trading volume of 1.02 billion CNY and a market capitalization of 10.12 billion CNY [1]. - Year-to-date, Sileck's stock has increased by 45.34%, with a 2.36% rise in the last five trading days, 2.83% in the last 20 days, and 5.47% in the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Sileck achieved a revenue of 1.63 billion CNY, representing a year-on-year growth of 50.85%, and a net profit attributable to shareholders of 14.63 million CNY, up 195.39% [3]. - The company has distributed a total of 869 million CNY in dividends since its A-share listing, with 248 million CNY distributed in the last three years [4]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, Sileck had 24,200 shareholders, an increase of 24.79% from the previous period, with an average of 26,754 circulating shares per shareholder, down 19.87% [3]. - Among the top ten circulating shareholders, Yongying Advanced Manufacturing Smart Selection Mixed Fund is the second largest, holding 30.87 million shares, an increase of 1.87 million shares from the previous period [4].

Core Viewpoint - Tesla plans to launch its third-generation robot in 2025 and begin mass production in 2026, indicating a significant advancement in its robotics capabilities [1] Company Developments - Sileck (300382.SZ) is accelerating the progress of its U.S. subsidiary project, which is related to the production line for harmonic reducers, a key component for Tesla's upcoming robot [1] - The company has reported that it is making substantial progress under professional guidance despite a complex and changing environment [1] Investor Communication - Sileck advises investors to refer to official announcements disclosed in designated media for accurate business conditions [1] - The company emphasizes the importance of rational investment decisions and awareness of investment risks [1]

Investment Rating - The investment rating for the company is "Add" (maintained) [1] Core Views - The company's revenue for the first three quarters of 2025 reached 1.63 billion yuan, a year-on-year increase of 50.8%, primarily driven by the rapid growth in battery shell business revenue and increased sales in traditional equipment [7] - The company achieved a turnaround in net profit, reporting a net profit of 15 million yuan for the first three quarters, compared to a loss in the previous year, due to improved profitability in traditional equipment and increased revenue from battery shells [7] - The battery shell business has become a major revenue pillar, accounting for 67% of total revenue in the first half of 2025, with strong growth momentum and partnerships with several domestic new energy clients [7] - The company has made significant breakthroughs in the research and development of core components for robots, enhancing its competitive edge in the market [7] Financial Summary - Revenue projections for the company are as follows: 2023A: 1.651 billion yuan, 2024A: 1.512 billion yuan, 2025E: 2.507 billion yuan, 2026E: 3.538 billion yuan, 2027E: 4.681 billion yuan [1][8] - The net profit forecast for 2025-2026 has been adjusted to 50 million yuan and 110 million yuan, respectively, with a new forecast for 2027 at 210 million yuan [7] - The company's dynamic P/E ratios are projected to be 187, 95, and 47 for 2025, 2026, and 2027, respectively [7]

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 1.63 billion CNY, a year-on-year increase of 50.85% [2] - The net profit attributable to shareholders reached 14.63 million CNY, a significant year-on-year growth of 195.39% [2] - In Q3 2025, the company reported a revenue of 710 million CNY, reflecting a year-on-year increase of 72.32% [2] - The net profit for Q3 2025 was 34.90 million CNY, with a substantial year-on-year growth of 205.86% [2] Business Segments - The growth in Q3 performance was driven by the synergy between traditional can lid and new energy battery shell businesses [3] - The gross margin of the battery shell business has been steadily improving, contributing significantly to overall profitability [3] - The proportion of revenue from can lid equipment has been decreasing, but it remains a stable long-term product with potential for growth due to stricter environmental policies [3] Strategic Partnerships - The company is collaborating with major clients such as CATL, EVE Energy, and Ganfeng Lithium, and is actively developing new domestic and international clients [5] - A memorandum of understanding was signed with Dongwon Systems Corporation to establish a joint venture for battery shell business in the U.S. and Europe [5] - The company received the "Best Potential Supplier Award" from Ningfu New Energy, highlighting its competitive position in the battery shell market [6] Product Development - The company is exploring new product lines, including aluminum cups and digital printing cans, to meet diverse consumer needs [3] - The development of the harmonic reducer component is progressing, with significant breakthroughs in cost reduction and production techniques [6] - The aluminum cup product is gaining traction in international markets, with expectations for substantial growth as environmental concerns drive demand [7]

Core Points - Sileck announced the transfer of 6,746,100 shares to the "Suzhou Sileck Precision Equipment Co., Ltd. - Sixth Employee Stock Ownership Plan" account, representing 1.04% of the company's total share capital [2] - The shares were transferred through a non-trading transfer process, resulting in a balance of 0 shares in the company's repurchase account after the transaction [2]

关于第六期员工持股计划完成非交易过户 暨回购股份处理完成的公告 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。 苏州斯莱克精密设备股份有限公司（以下简称"公司"）于2025年9月25日 召开第六届董事会第十一次会议和第六届监事会第十次会议，于2025年10月17 日召开2025年第三次临时股东会，审议通过了《关于公司<第六期员工持股计划 （草案）>及摘要的议案》及其他相关议案，同意实施公司第六期员工持股计划 （以下简称"本次员工持股计划"），并授权公司董事会办理本次员工持股计划 的相关事宜，具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）披露的相 关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所 上市公司自律监管指引第2号——创业板上市公司规范运作》等相关规定，现将 本次员工持股计划实施进展情况公告如下： 一、本次员工持股计划的股票来源及数量 证券代码：300382 证券简称：斯莱克 公告编号：2025-096 苏州斯莱克精密设备股份有限公司 本次员工持股计划的股票来源为苏州斯莱克精密设备股份有限公司回购专 用证券 ...

Core Viewpoint - Sileck, a leading company in the metal packaging equipment sector, has shown significant developments in its core business areas, including breakthroughs in robotics and strategic partnerships, despite facing challenges in profitability and debt levels [1][6]. Group 1: Company Overview - Sileck was established on January 6, 2004, and listed on the Shenzhen Stock Exchange on January 29, 2014, with its headquarters in Suzhou, Jiangsu Province [1]. - The company specializes in the research and development of high-speed easy-open lids and can production equipment, demonstrating strong technical barriers [1]. Group 2: Financial Performance - For Q3 2025, Sileck reported revenue of 1.63 billion yuan, ranking 21st among 89 companies in the industry, with the industry leader, Keda Manufacturing, achieving 12.605 billion yuan [2]. - The net profit for the same period was -10.06 million yuan, placing Sileck 75th in the industry, while the average net profit was 111 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Sileck's debt-to-asset ratio was 56.70%, higher than the industry average of 42.80%, indicating significant debt pressure [3]. - The gross profit margin was 17.05%, which, while an improvement from 15.27% year-on-year, remains below the industry average of 28.52% [3]. Group 4: Leadership and Shareholder Information - The chairman, An Xu, received a salary of 717,400 yuan in 2024, a decrease of 697,600 yuan from 2023 [4]. - As of September 30, 2025, the number of A-share shareholders increased by 24.79% to 24,200, with an average holding of 26,800 circulating A-shares, a decrease of 19.87% [5]. Group 5: Strategic Developments - Zhejiang Securities noted that Sileck achieved significant breakthroughs in the development of core components for robotics, with a focus on cost reduction through new manufacturing techniques [6]. - The company expects revenue growth of 37%, 32%, and 30% for the years 2025 to 2027, with net profits projected to turn positive and grow significantly during the same period [6].