上海维宏电子科技股份有限公司 章 程 2025 年 11 月 | A t | | --- | | 1 | | 第一章 | 总则 | - | | 3 | - | | --- | --- | --- | --- | --- | --- | | 第二章 | | 经营宗旨和范围 - | | 4 | - | | 第三章 | 股份 | - | | 4 | - | | 第一节 | | 股份发行 | - | 4 | - | | 第二节 | | 股份增减和回购 | - | 6 | - | | 第三节 | | 股份转让 | - | 7 | - | | 第四章 | 股东和股东会 | - | | 8 | - | | 第一节 | 股东 | | - | 8 | - | | 第二节 | | 控股股东和实际控制人 - | | 10 | - | | 第三节 | | 股东会的一般规定 - | | 12 | - | | 第四节 | | 股东会的召集 - | | 14 | - | | 第五节 | | 股东会的提案与通知 - | | 15 | - | | 第六节 | | 股东会的召开 - | | 17 | - | | 第七节 | | 股东会的表决和决 ...

上海维宏电子科技股份有限公司 第三条 股东会应当在《公司法》和公司章程规定的范围内行使职权。 第四条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次， 应当于上一会计年度结束后的 6 个月内举行。临时股东会不定期召开，出现《公 司法》规定的应当召开临时股东会的情形时，临时股东会应当在 2 个月内召开。 公司在上述期限内不能召开股东会的，应当报告上海证监局和深圳证券交易 所，说明原因并公告。 第五条 公司召开股东会，应当聘请律师对以下问题出具法律意见并公告： （一）会议的召集、召开程序是否符合法律、行政法规、公司章程和本规则 的规定； 股东会议事规则 （2025 年 11 月） 第一章 总 则 第一条 为规范上海维宏电子科技股份有限公司（以下简称"公司"）的 行为，保证股东会依法行使职权，根据《中华人民共和国公司法》（以下简称《公 司法》）《中华人民共和国证券法》（以下简称《证券法》）《深圳证券交易所创业 板股票上市规则》《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》《上市公司股东会规则》及《上海维宏电子科技股份有限公司 公司章程》（以下简称"公司章程"）的规定，特制订本 ...

（2025 年 11 月） 第一章 总 则 第一条 为规范上海维宏电子科技股份有限公司（以下简称"公司"）董 事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事会 规范运作和科学决策的水平，根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司治理准则》《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》《深圳证券交易所创业板股票上市规则》《上海维宏 电子科技股份有限公司章程》（以下简称《公司章程》）及其他有关规定，特制订 本议事规则。 第二章 董事会的组成和下设机构 第二条 公司设董事会，对股东会负责，在《公司章程》和股东会赋予的 职权范围内行使职权。 上海维宏电子科技股份有限公司 董事会议事规则 （八）决定因《公司章程》第二十五条第（三）项、第（五）项、第（六） 项的原因收购本公司股份的事项； 第三条 公司董事会由 9 名董事组成，其中独立董事 3 名，职工董事 1 名。董事会设董事长 1 名，副董事长 1 名。董事长和副董事长由董事会以全体董 事的过半数选举产生。 第四条 董事会根据相关规定下设审计委员会、提名委员会、薪酬与考核 委员会共三个专门委员会 ...

上海维宏电子科技股份有限公司 对外担保管理制度 (2025年11月) 第六条 公司对外担保遵循合法、审慎、互利、安全的原则，严格控制 担保风险。 第七条 任何单位和个人不得强令公司为他人提供担保，公司对强令其 1 为他人提供担保的行为有权且应当予以拒绝。 第八条 公司为控股股东、实际控制人及其关联方提供担保的，控股股 东、实际控制人及其关联方应当提供反担保，反担保的提供方应具备实际承担 能力。 第一章 总 则 第一条 为规范上海维宏电子科技股份有限公司（以下简称"公司"） 对外担保行为，加强对外担保的管理，有效控制和防范公司对外担保风险，保 证公司资产的安全和完整，根据《中华人民共和国民法典》《中华人民共和国 公司法》《上市公司监管指引第 8 号—上市公司资金往来、对外担保的监管要 求》《深圳证券交易所创业板股票上市规则》《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》等法律、法规、规范性文件以 及《上海维宏电子科技股份有限公司章程》（以下简称《公司章程》）及其他有 关规定，特制订本制度。 第二条 本制度所称对外担保是指公司为他人提供的担保，包括公司对 控股子公司的担保。所称"公司 ...

上海维宏电子科技股份有限公司 关联交易管理制度 （2025年11月） 第一章 总则 第一条 为规范上海维宏电子科技股份有限公司（以下简称"公司"）的 关联交易行为，保证关联交易的公允性，切实维护公司利益，根据《中华人民共 和国公司法》《中华人民共和国证券法》《深圳证券交易所创业板股票上市规则》 （以下简称《股票上市规则》）《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》《深圳证券交易所上市公司自律监管指引第 7 号——交易与关联交易》等法律、法规和规范性文件以及《上海维宏电子科技股 份有限公司公司章程》（以下简称《公司章程》）的有关规定结合本公司的实际 情况，特制定本制度。 第二条 公司与关联人之间的关联交易行为除遵守有关法律、法规、规范 性文件和《公司章程》的规定外，还需遵守本制度的有关规定。 第二章 关联人和关联关系 第三条 公司的关联人包括关联法人和关联自然人。 第四条 具有以下情形之一的法人或者其他组织，为公司的关联法人： （一）直接或间接地控制公司的法人或者其他组织； （二）由前项所述法人直接或间接控制的除公司及其控股子公司以外的法 人或者其他组织； （三）由本制度第五条所 ...

Summary of Key Points Core Viewpoint - A total of 33 stocks received buy ratings from institutions today, with notable first-time attention on Chao Hong Ji, Wei Hong Co., and Zhong Wei Company [1][2]. Institutional Ratings - 33 stocks received buy ratings, with the highest attention on Jingxin Pharmaceutical and Baoxiniang, each having one buy rating record [1]. - Among the rated stocks, 13 provided future target prices, with 9 stocks showing an upside potential exceeding 20%. Guangxun Technology has the highest upside potential at 81.99%, with a target price of 99.00 yuan compared to the latest closing price of 54.40 yuan [1][2]. - Other stocks with significant upside potential include Antu Biology at 43.13% and Enhua Pharmaceutical at 35.08% [1][2]. Market Performance - The average decline for stocks with buy ratings today was 2.80%, underperforming the Shanghai Composite Index. Only 5 stocks saw price increases, with the largest gains from Fulei New Materials (2.63%), Lianying Medical (2.15%), and Top Group (0.84%) [1][2]. - Stocks with the largest declines included Xiamen Tungsten New Energy (-9.09%), Aopu Mai (-7.02%), and Minsheng Health (-6.59%) [1][2]. Industry Focus - The pharmaceutical and biotechnology sector is the most favored, with 8 stocks including Minsheng Health and Enhua Pharmaceutical making the buy rating list. The electronics and textile sectors also attracted attention, with 4 and 3 stocks respectively [2][3].

Core Insights - The company is a leading player in the domestic motion control industry, focusing on digital manufacturing core technology products and overall solutions, with a primary business in the research, production, and sales of industrial motion control systems, servo drive systems, and industrial IoT [1] Financial Performance - The company achieved a revenue of 398 million yuan in the first three quarters of 2025, representing a year-on-year growth of 15.28% [1] - The overall gross margin has been maintained above 50% in recent years, with the sales gross margin and net margin for the first three quarters of 2025 at 54.47% and 18.79%, respectively, reflecting a decline of 6.24 percentage points and 5.21 percentage points year-on-year [1] - The company has effectively controlled expenses, with sales, management, R&D, and financial expense ratios at 9.33%, 12.44%, 20.74%, and 0.26%, respectively, showing a year-on-year decrease of 1.32 percentage points, 1.27 percentage points, and 3.48 percentage points, while financial expenses increased by 0.22 percentage points [1] Strategic Developments - On November 10, the company announced a cash investment of 29.78 million yuan to acquire a 47.27% stake in Changzhou Hanm Electronics Technology Co., becoming its largest shareholder, which will enhance its capabilities in providing integrated solutions in the motion control field [2] - Hanm Electronics specializes in brushless motors and screw motors, with applications in robotics, electric vehicles, home appliances, power tools, and industrial control [2] Future Outlook - Revenue projections for the company are estimated at 536 million yuan, 626 million yuan, and 732 million yuan for 2025, 2026, and 2027, respectively, with net profits of 92 million yuan, 114 million yuan, and 137 million yuan for the same years [2] - A target price of 41.76 yuan is set for the next six months, corresponding to a 40 times PE ratio for 2026, with an initial "buy" rating [2]

Core Viewpoint - Weihong Co., Ltd. focuses on technological innovation to differentiate itself in the competitive landscape of industrial motion control systems, aiming to enhance the value for customers through improved production efficiency and usability [2]. Company Strategy - The core strategy of Weihong Co., Ltd. is to respond to market competition through technological innovation rather than price competition, emphasizing "rolling out technology, not prices" [2]. - The company is committed to enhancing the self-controllability of the industrial chain, viewing this as a significant development opportunity [2]. Market Expansion - Weihong Co., Ltd. is actively exploring emerging niche markets, such as dental prosthetics, in addition to its established applications in laser and metal cutting [2]. - The company aims to empower the transformation and upgrading of China's manufacturing industry through continuous technological innovation [2].

Core Insights - Weihong Co., Ltd. specializes in industrial motion control systems, positioning its products as the "brain" of high-end equipment, widely used in laser and metal cutting applications [1] - The company is also expanding into emerging niche markets such as dental prosthetics [1] - The core strategy of Weihong is to leverage technological innovation to address industry challenges and achieve differentiated competition, emphasizing "innovating technology rather than competing on price" [1] - Weihong aims to enhance production efficiency and usability of its products to create value for customers [1] - The company recognizes its mission to improve the self-controllability of the industrial chain as a significant development opportunity, focusing on continuous technological innovation to empower the transformation and upgrading of Chinese manufacturing [1]

Group 1: Investment Strategy - The establishment of Jiaxing Hongpu aims to enhance equity investment efforts, focusing on industrial software (CAD, CAM, CNC, CAE) and high-tech hardware (sensors, machine vision, controllers, drivers, encoders, motors) [1] - The company plans to collaborate with professional equity investment funds to set up a merger fund, leveraging external expertise for independent investment decisions within agreed parameters [1] Group 2: Robotics and Product Development - The company has recently completed the acquisition of a motor company's control rights, which specializes in brushless motors and lead screw motors, complementing the company's existing driver products [1] - There are formal bulk supply agreements in place for undisclosed clients, adhering to confidentiality agreements [2] Group 3: Performance Goals - The company aims to achieve its equity incentive targets for the year [2] - Information disclosure practices are strictly followed to ensure transparency and compliance with regulations [2]