Investment Rating - The report initiates coverage with a rating of "Accumulate" for the company [5]. Core Views - The company is positioned as a leading domestic balancing machine manufacturer, actively promoting the localization of balancing machines. It has mastered key core technologies and offers products that can compete with foreign counterparts in terms of performance and price [1][2]. - The company has made significant advancements in the high-speed balancing machine sector, with the development of its first high-speed dynamic balancing prototype completed in 2024. The establishment of a new laboratory for high-speed balancing machines is part of its ongoing investment projects [1]. - The government has identified deep-sea technology as a national strategic core area, which enhances the significance of the company's deep-sea listening technology. The company’s subsidiary has successfully developed intelligent underwater acoustic signal products and is entering the commercialization phase [3]. Financial Summary - The company achieved revenue of 78.6393 million yuan in Q1 2025, representing a year-on-year increase of 54.89%, and a net profit of 8.4263 million yuan, up 196.74% year-on-year [1]. - Revenue projections for 2025-2027 are estimated at 368 million yuan, 531 million yuan, and 815 million yuan, respectively, with corresponding growth rates of 36.87%, 44.45%, and 53.51% [4]. - The forecasted net profit for 2025-2027 is 48 million yuan, 99 million yuan, and 142 million yuan, with significant growth rates of 152.85%, 104.09%, and 44.34% [4]. Product Development and Market Position - The company has established partnerships with leading motor manufacturers for its balancing machines, which are crucial for the stability of core rotating components in humanoid robots [2]. - The company is expanding its electric motor automation equipment business, with plans to build 26 automated production lines for motor rotors and stators, expected to generate annual sales of 280 million yuan [2]. - The company’s deep-sea listening technology is positioned to meet both military and civilian needs, with multiple technical service contracts already signed [3].

关 于 杭州集智机电股份有限公司 2024 年度股东大会 法律意见书 集智股份 2024 年度股东大会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年五月 集智股份 2024 年度股东大会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关 于 杭州集智机电股份有限公司 2024 年度股东大会 法律意见书 致：杭州集智机电股份有限公司 为出具本法律意见书，本所律师列席了公司本次股东大会，审查了公司提供 的本次股东大会的有关文件 ...

证券代码：300553 证券简称：集智股份 公告编号：2025-033 杭州集智机电股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无增加、变更、否决提案的情况； 2、本次股东大会以现场投票和网络投票相结合的方式召开。 一、会议召开情况 债券代码：123245 债券简称：集智转债 （1）现场会议召开时间：2025 年 5 月 9 日（星期五）下午 14:30 （2）网络投票时间：2025 年 5 月 9 日（星期五） 其中，通过深圳证券交易所交易系统进行网络投票的时间为：2025年5月9 日上午9:15-9:25、9:30-11:30，下午13:00-15:00；通过深圳证券交易所互联网 投票系统进行投票的具体时间为：2025年5月9日9:15-15:00的任意时间。 本次股东大会由公司董事会召集，公司董事长楼荣伟先生因工作原因未出席 本次股东大会，由公司副董事长吴殿美女士主持，会议的召集和召开符合《公司 法》《上市公司股东大会规则》《深圳证券交易所创业板股票上市规则》及《公 司章程》等法律法 ...

证券研究报告 机械设备 | 通用设备 非金融|首次覆盖报告 hyzqdatemark 2025 年 04 月 29 日 戴铭余 SAC：S1350524060003 daimingyu@huayuanstock.com 王彬鹏 SAC：S1350524090001 wangbinpeng@huayuanstock.com 郦悦轩 SAC：S1350524080001 liyuexuan@huayuanstock.com 唐志玮 tangzhiwei@huayuanstock.com 林高凡 lingaofan@huayuanstock.com | 基本数据 | | | | 2025 | 年 | 04 | 28 | 日 | 月 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | | | | | | | | 51.68 | | 一 年 最 低 | 最 | 高 | / | | | | | | | 53.88/18.22 | 内 | | | （元） | | ...

编号：2025-002 投资者关系活动 类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 浙商证券、甬兴证券、招商证券、华宝基金管理有限公司、 诺安基金管理有限公司、杭州瑶珈投资有限公司。 时间 2025 年 4 月 29 日 地点 公司会议室 上市公司接待人 员姓名 董事长兼总经理楼荣伟，副总经理兼董事会秘书葛明 投资者关系活动 主要内容介绍 1、请简要介绍下公司主营业务以及产品的基本情况？ 公司主营业务为全自动平衡机及自动化设备的研发、设 计、生产和销售。公司核心产品全自动平衡机在电机、电动 工具、家用电器、泵、风机、汽车、化工、高铁、电力、船 舶和航空航天等行业领域得到使用。由于平衡机的市场应用 广泛，近年来公司积累了上千家客户，本身也具备工程研发 能力，公司利用客户群体优势围绕平衡主业进行了由点到面 的外延式拓展，自主开发了电机的自动化生产线以及校直机 和测试机设备。 证券代码：300553 证券简称：集智股份 投资者关系活动记录表 | | 2、目前公司平衡机订单的情况如何，一季度同比增长原 | | --- | --- ...

| 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-031 | | --- | --- | --- | | 债券代码：123245 | 债券简称：集智转债 | | 杭州集智机电股份有限公司 经审核，监事会认为：公司《2025 年第一季度报告全文》的编制和审核符 合法律法规和相关制度的有关规定，报告内容真实、准确、完整的反映了上市公 司的财务状况、经营成果，不存在虚假记载、误导性陈述或重大遗漏。具体内容 详见同日刊登在中国证监会指定的创业板信息披露网站上的公告。 表决结果：3 票同意,0 票反对,0 票弃权。 特此公告。 第五届监事会第七次会议决议公告 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭州集智机电股份有限公司（以下简称"公司"）第五届监事会第七次会议 于 2025 年 4 月 25 日在公司会议室召开，会议通知于 2025 年 4 月 21 日以电子邮 件、书面文件等方式送达全体监事。会议应到监事 3 人，实到监事 3 人。本次会 议由陈旭初先生召集并主持，会议召开符合《公司法》《公司章程》的有关规定， 合法、有效。 经与会监事 ...

| 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-030 | | --- | --- | --- | | 债券代码：123245 | 债券简称：集智转债 | | 杭州集智机电股份有限公司 第五届董事会第十次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭州集智机电股份有限公司（以下简称"公司"）第五届董事会第十次会议 于 2025 年 4 月 25 日在公司会议室采取以现场和通讯相结合的方式召开，会议于 2025 年 4 月 21 日以书面、电子邮件等方式向全体董事进行了通知，会议应到董 事 9 人，实到董事 9 人。公司监事和高级管理人员列席了本次会议。本次会议由 公司董事长楼荣伟先生召集并主持。会议召开符合《公司法》《公司章程》的有 关规定，合法、有效。 杭州集智机电股份有限公司董事会 2025 年 4 月 26 日 本议案已经公司审计委员会审议通过。董事会认为：公司《2025年第一季度 报告全文》能够真实、准确、完整地反映公司的实际情况，不存在虚假记载、误 导性陈述或者重大遗漏。 表决结果：9票同意，0票反对，0票弃权 ...

Financial Performance - The company's revenue for Q1 2025 reached ¥78,639,277.64, representing a 54.89% increase compared to ¥50,772,215.25 in the same period last year[5] - Net profit attributable to shareholders was ¥8,426,341.56, a significant increase of 196.74% from ¥2,839,594.49 year-on-year[5] - Basic earnings per share increased by 150.00% to ¥0.1, up from ¥0.04 in the same quarter last year[5] - The net profit for the current period is 10,109,075.29, compared to a net loss of -346,096.60 in the previous period, indicating a significant turnaround[23] - The operating profit for the current period is 10,873,497.70, a substantial increase from 358,520.58 in the previous period[23] - The total comprehensive income attributable to the parent company is 8,426,341.56, compared to 2,839,594.49 in the previous period, showing a significant increase[24] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥16,855,500.56, a turnaround of 180.29% from a negative cash flow of -¥20,993,990.04 in the previous year[5] - The cash flow from investment activities shows a net inflow of 12,090,014.32, compared to a net outflow of -49,274,066.72 in the previous period, indicating improved investment performance[25] - Cash and cash equivalents increased to ¥303,455,726.33 from ¥276,034,306.20, marking a growth of approximately 10%[18] - The cash and cash equivalents at the end of the period amount to 302,078,238.14, up from 160,791,839.94 at the end of the previous period, indicating strong liquidity[25] Operating Costs and Income - The company reported a 66.38% increase in operating costs, amounting to ¥49,156,160.90, primarily due to revenue growth[9] - Total operating costs amounted to ¥75,526,955.72, compared to ¥51,729,878.06 in the prior period, indicating an increase of about 46%[22] - The net profit margin improved, with net income from other gains rising to ¥8,795,392.67 from ¥1,165,997.86, reflecting a growth of over 650%[22] - Other income surged by 654.32% to ¥8,795,392.67, largely driven by increased government subsidies[9] - The company has experienced a significant increase in other income, with operating income from other sources rising to 3,495.54 from 2,297.56 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,359,186,448.74, a decrease of 1.95% from ¥1,386,264,070.46 at the end of the previous year[5] - Total liabilities decreased significantly to ¥524,275,105.49 from ¥657,079,502.38, a reduction of approximately 20%[20] - The company's equity attributable to shareholders increased to ¥826,078,747.16 from ¥719,246,966.18, reflecting a growth of about 15%[20] - Accounts receivable decreased to ¥65,996,149.82 from ¥74,772,129.03, a decline of about 11.5%[18] - Inventory levels decreased to ¥159,987,114.81 from ¥168,355,599.13, representing a reduction of approximately 5%[18] Strategic Initiatives - The company plans to focus on emerging industries, developing balancing equipment and automation production lines to meet new market demands[15] - The company successfully introduced new balancing machine products to the market, establishing partnerships with leading motor manufacturers for products like hollow cup rotor balancing machines and laser radar testing machines[15] - The subsidiary, Hangzhou Diting Intelligent Technology Co., received special funds of 7.79 million RMB to support its intelligent water sound business development[16] - The company is aware of the long development cycles in emerging industries, which may introduce uncertainty in product demand[15] - The company's subsidiary, Cohui Intelligent, has undertaken a project for a single hollow cup electronic rotor line, indicating a strategic move towards automation[15] Shareholder Information - The top shareholder, Lou Rongwei, holds 23.31% of the shares, while Hangzhou Jizhi Investment Co., Ltd. controls an additional 5.29%, totaling 28.6%[12] - A total of 957,711 "Jizhi Convertible Bonds" were converted into company shares, amounting to a face value of 95,771,100.00 RMB, resulting in the issuance of 4,067,857 shares[16] - The remaining convertible bonds as of March 31, 2025, totaled 1,588,289, with a total face value of 158,828,900.00 RMB[16] - The total number of restricted shares at the end of the period was 23,777,473, with 1,137,560 shares released from restriction during the period[14]

集智股份（300553）公告，2025年第一季度营收为7863.93万元，同比增长54.89%；净利润为842.63万 元，同比增长196.74%。 ...

| 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-029 | | --- | --- | --- | | 债券代码：123245 | 债券简称：集智转债 | | 杭州集智机电股份有限公司董事会 2025 年 4 月 26 日 2025 年第一季度报告披露的提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭州集智机电股份有限公司 杭州集智机电股份有限公司 2025 年第一季度报告已于 2025 年 4 月 26 日在 中国证监会指定的创业板信息披露网站上披露，敬请投资者注意查阅！ 特此公告。 ...