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].

Group 1 - The company Sileck (SZ 300382) announced the convening of its sixth board meeting on October 28, 2025, to review the proposal for the third quarter report of 2025 [1] - For the first half of 2025, Sileck's revenue composition was as follows: battery shell business accounted for 67.48%, specialized equipment manufacturing accounted for 29.48%, and other businesses accounted for 3.04% [1]

证券代码：300382 证券简称：斯莱克 公告编号：2025-093 苏州斯莱克精密设备股份有限公司 2025年第三季度报告披露提示性公告 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 2025 年第三季度报告于 2025 年 10 月 30 日 在 中 国 证 券 监 督 管 理 委 员 会 指 定 创 业 板 信 息 披 露 网 站 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露，敬请投资者注意查阅。 特此公告。 苏州斯莱克精密设备股份有限公司董事会 2025 年 10 月 30 日 ...

审议通过了《关于公司 2025 年第三季度报告的议案》 经审议，董事会认为：公司《2025 年第三季度报告》的内容真实、准确、 完整的反映了公司 2025 年第三季度的经营状况，不存在任何虚假记载、误导性 陈述或者重大遗漏，报告编制和审核的程序符合法律、行政法规的要求，符合中 国证监会和深圳证券交易所的相关规定。 具体内容详见公司同日在巨潮资讯网（http://www.cninfo.com.cn）披露的 《2025 年第三季度报告》。 证券代码：300382 证券简称：斯莱克 公告编号：2025-094 苏州斯莱克精密设备股份有限公司 第六届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 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 三次会议于2025年10月28日下午17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 10 月 24 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、王贺武，董事 Rich ...

Financial Performance - The company's revenue for Q3 2025 reached ¥709,766,641.18, representing a 72.32% increase year-over-year[7] - Net profit attributable to shareholders was ¥34,897,663.39, a significant increase of 205.86% compared to the same period last year[7] - The net profit excluding non-recurring gains and losses was ¥34,549,942.01, up 191.29% year-over-year[7] - The revenue for the first three quarters of 2025 was ¥1,630,179,330.22, a 50.85% increase compared to the same period last year[14] - Total operating revenue for the period reached ¥1,630,179,330.22, a significant increase from ¥1,080,668,073.11 in the previous period, representing a growth of approximately 50.9%[30] - The company's net profit for the period was reported at -¥10,063,271.12, an improvement compared to a net loss of -¥51,855,365.02 in the previous period[30] - The net profit attributable to the parent company was 14,632,549.76 yuan, compared to a net loss of 15,340,352.59 yuan in the previous period[31] - The total comprehensive income attributable to the parent company was 15,694,515.64 yuan, while it was a loss of 13,984,837.77 yuan in the previous period[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,273,010,411.79, reflecting a 4.41% increase from the end of the previous year[7] - The total assets of the company as of September 30, 2025, were ¥5,273,010,411.79, compared to ¥5,050,416,981.17 at the beginning of the period, reflecting an increase of approximately 4.4%[29] - Current assets totaled ¥2,493,319,366.05, up from ¥2,334,331,024.46, marking a growth of about 6.8%[27] - The company's total liabilities decreased slightly to ¥2,989,834,880.84 from ¥3,019,405,761.81, a reduction of about 1.0%[29] - The equity attributable to the parent company increased to ¥2,300,972,945.03 from ¥2,037,836,002.52, showing a growth of approximately 12.9%[29] Cash Flow - Operating cash flow for the year-to-date reached ¥112,187,499.11, showing a substantial increase of 247.70%[7] - The net cash flow from operating activities increased by 24.83% year-over-year, contributing to the overall financial improvement[17] - The net cash flow from operating activities was 112,187,499.11 yuan, recovering from a net outflow of 75,955,296.08 yuan in the previous period[33] - Operating cash inflow from sales of goods and services was 1,704,827,498.32 yuan, an increase from 1,365,687,135.45 yuan in the previous period, representing a growth of approximately 24.8%[32] - The cash and cash equivalents at the end of the period amounted to 320,698,661.03 yuan, down from 427,220,378.13 yuan at the end of the previous period[33] - The net cash flow from investing activities was -102,210,394.79 yuan, worsening from -42,372,590.07 yuan in the previous period[33] - The net cash flow from financing activities was 23,133,899.73 yuan, a decrease from 182,315,538.34 yuan in the previous period[33] - The company received 22,897,913.94 yuan in tax refunds, significantly higher than 8,221,056.78 yuan in the previous period[32] - The total operating cash outflow was 1,629,082,140.31 yuan, compared to 1,476,906,373.03 yuan in the previous period[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,233[18] - The largest shareholder, Kolaise Limited, holds 34.14% of shares, totaling 221,356,780 shares, with 89,000,000 shares pledged[18] - The second-largest shareholder, China Construction Bank, holds 4.76% of shares, totaling 30,867,454 shares[18] - The total number of shares held by the top 10 shareholders is significant, with the top 10 holding a combined total of 307,000,000 shares[19] - The company has a repurchase account holding 6,746,100 shares[20] - The total number of restricted shares at the beginning of the period was 195,872, with 134,100 shares released during the period[23] - The company plans to release 25% of the locked shares annually based on the previous year's holdings[23] Research and Development - Research and development expenses increased by 51.29% to ¥51,076,623.74, indicating continued investment in product development[14] - Research and development expenses for the period were ¥51,076,623.74, compared to ¥33,760,748.94 in the previous period, indicating an increase of about 51.2%[30] Strategic Initiatives - The company has signed a strategic cooperation agreement on August 25, 2025, indicating a new strategic direction[25] - The company is involved in a new investment cooperation agreement with the government for a precision structure component project[25] - The company is preparing for the sixth employee stock ownership plan, which was approved in the recent board meetings[25] Inventory Management - The company experienced a 32.80% increase in inventory, totaling ¥1,236,216,867.78, due to increased sales in battery shell and traditional equipment businesses[12] - Inventory levels increased significantly to ¥1,236,216,867.78 from ¥930,908,642.60, representing a rise of approximately 32.7%[27]