（文章来源：证券日报） 证券日报网讯 2月25日，力星股份在互动平台回答投资者提问时表示，截至2026年2月10日，公司股东 人数为49088户。 ...

证券日报网讯2月25日，力星股份（300421）在互动平台回答投资者提问时表示，公司目前生产经营正 常，公司具体经营数据请以公司定期报告为准。 ...

证券日报网讯2月25日，力星股份（300421）在互动平台回答投资者提问时表示，截至2026年1月31日， 公司股东人数为45138户。 ...

证券日报网讯2月25日，力星股份（300421）在互动平台回答投资者提问时表示，公司高度关注机器人 领域的技术突破与产业动态，积极探索与相关产业链企业的合作可能，把握行业发展机遇。 ...

Summary of Key Points from Conference Call Records Industry Overview - The humanoid robot market is experiencing significant growth, with a projected increase in sales in China by 133%, reaching 28,000 units according to Morgan Stanley [4] - The industry is seeing advancements in technology, with companies focusing on developing core components such as visual modules, wheeled robot modules, joint modules, and domain controllers to enhance product offerings [4] Company Highlights Guansheng Co., Ltd. (冠盛股份) - Engaged in a strategic partnership with the Shanghai Artificial Intelligence Research Institute to develop an embodied intelligence ecosystem [1] - Plans to accelerate product market introduction, with a product launch event scheduled for February 9 in Shanghai to unveil a constant-speed universal joint module [1] Lixing Co., Ltd. (力星股份) - Groundbreaking ceremony for the second phase of the Nanyang project held in Henan, with a total investment of 100 million yuan, aimed at constructing two new precision rolling body production facilities [1] - The new facilities are expected to achieve a monthly production capacity of 7,000 batches of G5 and G10 grade high-precision steel balls [1] - Announced a private placement plan to raise up to 560 million yuan, with funds allocated to high-precision ceramic bearing ball industrialization and other projects [1] Xingyu Co., Ltd. (星宇股份) - Focused on embodied intelligence projects, including neck interaction modules, optical modules, and skin and structural components [2] - By September 30, 2025, the company has engaged in R&D collaborations with several leading humanoid robot manufacturers, with some prototypes already delivered and in testing or pilot phases [2] Fuchun Dyeing and Weaving (富春染织) - Launched a project involving 18 injection molding machines, with 5 already delivered and 3 CNC machines, of which 1 has arrived [2] - Achieved small batch orders for standard plastic parts, such as joint module axle sleeves, with a revenue target of 50 million yuan for 2026 [2] Linghou Robotics (灵猴机器人) - Announced completion of over 100 million yuan in Pre-B round financing, led by NIO Capital [4] - Continues to innovate in the embodied intelligence sector with a range of core components [4] Tesla - Announced the upcoming reveal of the third-generation humanoid robot, highlighting significant changes in the product's design and capabilities [2] Additional Insights - NTN Japan and Germany's KRW are visiting to advance overseas supply chain initiatives [2] - Samsung SDI is in discussions with robotics companies regarding solid-state battery collaborations [4]

Core Viewpoint - Lixing Co., Ltd. (300421.SZ) has announced a plan to issue A-shares to specific investors, aiming to raise up to 560 million yuan for various projects and working capital [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the issuance date [1]. - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 88,209,145 shares [1]. Group 2: Fund Utilization - The raised funds will be allocated to several projects, including: - High-precision long-life ceramic bearing ball industrialization project: 10,900 million yuan [2][3]. - G5 (G3) grade high-precision steel ball intelligent manufacturing project: 17,600 million yuan [2][3]. - Expansion of rolling elements for new energy vehicles: 9,500 million yuan [2][3]. - Upgrading of precision rollers for major equipment: 8,000 million yuan [2][3]. - Supplementing working capital: 10,000 million yuan [2][3]. - The total investment for these projects is estimated at 66,660.20 million yuan, with the issuance expected to cover 56,000 million yuan of this amount [2][3]. Group 3: Shareholder Structure - As of the announcement date, the controlling shareholder, Shi Xianggui, holds 66,760,075 shares, representing 22.71% of the total share capital [4]. - Shi Xianggui and his spouse, Shi Yanfang, collectively own 77,401,675 shares, accounting for 26.33% of the total share capital before the issuance [4]. - Post-issuance, their combined ownership is projected to decrease to 20.25%, while still maintaining control of the company [4]. Group 4: Financial Performance - For the third quarter of 2025, the company reported a revenue of 279.0 million yuan, a year-on-year increase of 5.34% [8][9]. - The net profit attributable to shareholders was 14.09 million yuan, reflecting a decrease of 7.71% compared to the previous year [8][9]. - Year-to-date revenue reached 814.08 million yuan, with a growth of 4.81%, while the net profit showed a slight increase of 1.83% [8][9].

Group 1 - On January 29, three companies in the A-share market announced plans related to private placements [1] - Two companies disclosed new private placement proposals, while one proposal was approved by the shareholders' meeting [1] - The highest proposed fundraising amounts were from Yunjigroup and Lixing Co., aiming to raise no more than 788 million yuan and 560 million yuan, respectively [1] Group 2 - Since the beginning of the year, 15 companies have announced completed private placement plans, with 7 companies raising over 1 billion yuan [1] - The companies with the highest fundraising amounts include Beiqi Blue Valley, Magmi Te, and Zhongbei Communication, raising 6 billion yuan, 2.663 billion yuan, and 1.92 billion yuan, respectively [1]

Group 1 - The core view of the report emphasizes that AI is reshaping manufacturing demand, with mature manufacturing moving towards global markets, and the mechanical industry is expected to benefit significantly from technology and export growth in 2026 [1][9][10] - The mechanical industry index outperformed the CSI 300 by 23.25 percentage points in 2025, with a 40.91% increase in the mechanical industry index compared to a 17.66% increase in the CSI 300 [9][10] - AI technology is expected to have a profound impact on the manufacturing industry, with AI infrastructure reshaping demand patterns and applications driving hardware manufacturing equipment demand [9][11] Group 2 - The report predicts that 2026 will see a significant increase in demand for equipment driven by AI infrastructure, including semiconductor equipment, liquid cooling equipment, and gas turbines [13] - The demand for AI hardware manufacturing equipment and components, such as humanoid robots and 3C automation equipment, is expected to rise [13] - Export-oriented equipment, particularly in the engineering machinery sector, is anticipated to show strong growth in 2026 [13] Group 3 - The semiconductor equipment market is projected to grow, with global sales expected to reach $125.5 billion in 2025, a 7.4% increase, and further growth to $138.1 billion in 2026 [34][40] - The report highlights that the domestic semiconductor equipment market in China is expected to reach approximately 230 billion yuan in 2025, indicating strong growth potential [41] - The PCB industry is entering a new development cycle driven by AI demand, with a projected global PCB market value of approximately $73.57 billion in 2024, reflecting a 5.8% year-on-year increase [54][56] Group 4 - Liquid cooling technology is becoming essential due to the increasing power consumption of AI servers, with the global liquid cooling component market expected to reach $5-10 billion in 2025 and $25 billion by 2030 [84][86] - The report indicates that the demand for liquid cooling solutions will significantly increase as AI processing power continues to rise, making traditional cooling methods inadequate [70][84] - The introduction of advanced liquid cooling systems, such as NVIDIA's GB200 and GB300, is expected to drive market growth and innovation in cooling technologies [84][86]

Group 1 - The core point of the article is that Lixing Co., Ltd. plans to issue A-shares to specific targets to raise a total of no more than 560 million yuan, with the net proceeds to be used for various projects including high-precision long-life ceramic bearing ball industrialization and expansion of new energy vehicle components [1] Group 2 - The funds raised will be allocated to the engineering and industrialization project of high-precision long-life ceramic bearing balls [1] - The company will also invest in the G5 (G3) level high-precision steel ball intelligent manufacturing project [1] - Additional projects include the expansion of new energy vehicle rolling components and the upgrade of precision roller industries for major equipment [1] - The remaining funds will be used to supplement working capital [1]

为了进一步规范公司分红行为，推动公司建立科学、持续、稳定的分红机制， 保证股东的合理投资回报，增加股利分配决策透明度和可操作性，江苏力星通用 钢球股份有限公司根据证监会《上市公司监管指引第 3 号——上市公司现金分红》 《公司章程》等相关规定，结合公司盈利能力、公司经营发展规划、股东回报、 社会资金成本以及外部融资环境等因素，特制定《江苏力星通用钢球股份有限公 司未来三年（2026-2028 年）股东分红回报规划》(以下简称"本规划"），具体内 容如下： 一、公司制定本规划考虑的因素 江苏力星通用钢球股份有限公司 未来三年（2026-2028 年）股东分红回报规划 江苏力星通用钢球股份有限公司 未来三年（2026-2028 年）股东分红回报规划 公司着眼于长远和可持续发展，在综合考虑公司经营发展实际需要、业务发 展目标、未来盈利模式、现金流量状况、所处发展阶段、项目投资需求、外部融 资环境及股东要求、意愿的基础上，建立对股东科学、持续、稳定的分红回报规 划和机制，从而对利润分配做出制度性安排，以保证利润分配政策的持续性和稳 定性，有效兼顾对投资者的合理投资回报和公司的可持续发展。 二、股东回报规划制定原则 本 ...