长江证券承销保荐有限公司 关于杭州集智机电股份有限公司 2025 年半年度跟踪报告 | 保荐人名称：长江证券承销保荐有限公司 | 被保荐公司简称：集智股份 | | --- | --- | | 保荐代表人姓名：胡炼 | 联系电话：0755-88602326 | | 保荐代表人姓名：冯鹏飞 | 联系电话：0755-88602319 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 次 0 | | 2、督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不 | | | 限于防止关联方占用公司资源的制度、募集资金管 | 是 | | 理制度、内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3、募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 4 次 | | （2）公司募集资金项目进展是否与信息披露文件 | 是 | | 一致 | | | 4、公 ...

| 细账、记账凭证等资料 | | | | --- | --- | --- | | 1、是否在募集资金到位后一个月内签订三方监管协议 | √ | | | 2、募集资金三方监管协议是否有效执行 | √ | | | 3、募集资金是否不存在第三方占用或违规进行委托理财等 | √ | | | 情形 | | | | 4、是否不存在未履行审议程序擅自变更募集资金用途、暂 | √ | | | 时补充流动资金、置换预先投入、改变实施地点等情形 | | | | 5、使用闲置募集资金暂时补充流动资金、将募集资金投向 | | | | 变更为永久性补充流动资金或者使用超募资金补充流动资 | | √ | | 金或者偿还银行贷款的，公司是否未在承诺期间进行风险投 | | | | 资 | | | | 6、募集资金使用与已披露情况是否一致，项目进度、投资 | √ | | | 效益是否与招股说明书等相符 | | | | 7、募集资金项目实施过程中是否不存在重大风险 | √ | | | （六）业绩情况 | | | | 现场检查手段：获取有关财务资料，查阅公司公告 | | | | 1、业绩是否存在大幅波动的情况 | √ | | | 2、业绩大幅波动 ...

杭州集智机电股份有限公司 2025 年半年度报告全文 杭州集智机电股份有限公司 2025 年半年度报告 2025-053 2025 年 8 月 1 杭州集智机电股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人楼荣伟、主管会计工作负责人俞金球及会计机构负责人(会计 主管人员)俞金球声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 1、行业替代、产品升级和技术创新风险 全自动平衡机用于各类回转零部件不平衡量的检测和自动修正。这种不 平衡量主要由设计缺陷、材质不均匀以及制造安装等原因造成。如果未来出 现设计改进、材料优化或工艺提升等创新技术手段使得回转零部件产品不存 在不平衡量或者无需对不平衡量进行修正即可符合标准，将对公司生产经营 造成重大不利影响。 2、行业周期性波动的风险 公司所处行业在大类上属于装备制造行业，装备制造行业具有较强的周 期性特征，与宏观经济和固定资产投资关 ...

Core Viewpoint - The report highlights deep-sea technology as a new national strategic industry, emphasizing its importance for resource and national defense security, and its potential to explore the "blue" economy [1][2]. Resource Security - The urgency for China to secure deep-sea resources is underscored, as the U.S. and Japan are accelerating their deep-sea mining efforts. The U.S. has initiated policies to expedite mineral resource development in international seabed areas, while Japan plans to drill for rare earths at a depth of 5,500 meters by 2026 to reduce reliance on China. China's dependency on foreign resources is significant, with over 70% for oil and natural gas, and 78%-95% for strategic minerals like copper, cobalt, and nickel, making deep-sea resources crucial for national security [2]. National Defense Security - The report discusses the need for China to address its "open underwater national gate" security dilemma. The deep sea offers significant advantages for military operations, and establishing a robust deep-sea combat system is essential for implementing a "deep denial" strategy. The U.S. and Japan are actively developing their deep-sea military strategies, while China must enhance its underwater defense capabilities to secure its maritime interests [3]. Blue Economy - The marine economy in China reached a production value of 10.54 trillion yuan in 2024, indicating a substantial market potential. Future growth in the marine economy is expected to be driven by emerging sectors such as offshore fishing, offshore wind power, port shipping, and seawater desalination, alongside improvements in deep-sea technology productivity driven by security needs [3][4]. Deep-Sea Technology Industry Chain - The deep-sea technology industry chain encompasses basic materials to high-end equipment manufacturing, focusing on three core areas: deep diving, deep drilling, and deep networking. Key materials include titanium alloys for deep-sea pressure structures, sonar systems for underwater detection and navigation, and underwater robots for exploration and resource development [4][5]. Investment Recommendations - The report suggests focusing on "situation awareness" capabilities as a foundational aspect of deep-sea development. Companies such as China Marine Defense, Jizhi Co., and Zhongke Haixun are recommended for investment in the initial phase, as they are pivotal in enhancing situational awareness in deep-sea technology [5].

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company has broken the foreign monopoly in high-end fields, opening up long-term growth potential [6] - The company is a leader in the domestic balancing machine sector, with its products now applied in critical components of aerospace engines, marking a significant technological breakthrough [8] - The market for balancing machines is expected to expand significantly, with the company's effective downstream market space projected to grow from 800 million RMB (5% market share) to over 16 billion RMB (100% market share) [8] Financial Summary - Revenue forecasts for the company are as follows: - 2023: 255 million RMB - 2024: 269 million RMB (growth of 7.60%) - 2025: 410 million RMB (growth of 52.47%) - 2026: 623 million RMB (growth of 52.17%) - 2027: 924 million RMB (growth of 48.18%) [7] - Net profit forecasts are as follows: - 2023: 33 million RMB - 2024: 19 million RMB (decline of 41.65%) - 2025: 53 million RMB (growth of 179.77%) - 2026: 97 million RMB (growth of 81.09%) - 2027: 170 million RMB (growth of 76.14%) [7] - Earnings per share (EPS) projections are: - 2023: 0.29 RMB - 2024: 0.17 RMB - 2025: 0.48 RMB - 2026: 0.87 RMB - 2027: 1.54 RMB [7] Market Performance - The global balancing machine market is projected to reach approximately 2.3 billion USD (around 16.7 billion RMB) in 2024, with the automotive sector accounting for the largest share [8] - The company has achieved a breakthrough in high-speed balancing technology, which was previously dominated by foreign companies, thus enhancing its competitive edge [8]

证券日报网讯 8月18日晚间，集智股份发布公告称，公司于2025年6月20日、2025年7月8日分别召开第 五届董事会第十一次会议、2025年第一次临时股东大会，审议并通过了《关于变更公司注册资本并修订 的议案》。近日，公司办理完成相关内容的工商变更登记手续，并取得了浙江省市场监督管理局换发的 《营业执照》。 （文章来源：证券日报） ...

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"）于 2025 年 6 月 20 日、2025 年 7 月 8 日分别召开第五届董事会第十一次会议、2025 年第一次临时股东大会， 审议并通过了《关于变更公司注册资本并修订<公司章程>的议案》，详情请见公 司刊登在巨潮资讯网（www.cninfo.com.cn）的相关公告。 | 证券代码：300553 | 证券简称：集智股份 | 公告编号：2025-050 | | --- | --- | --- | | 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 关于完成工商变更登记并换发营业执照的公告 成立日期：2004 年 06 月 02 日 住所：杭州市西湖区三墩镇西园三路 10 号 经营范围：制造、加工：全自动平衡机、机电设备、控制系统光电设备、新 材料；服务：振动测试技术、平衡技术、平衡自动修正技术的研发、咨询，计算 近日，公司办理完成相关内容的工商变更登记手续，并取得了浙江省市场监 督管理局换发的《营业执照》，现将相关事项公告如下： 一、变更 ...

Group 1 - The project "DG3 High-Speed Balancing and Overspeed Testing Equipment" developed by Shanghai Hengwang Intelligent Technology Co., Ltd., a subsidiary of Jizhi Co., Ltd., has achieved significant breakthroughs in domestic high-end rotating machinery balancing detection equipment, breaking the long-standing foreign technology monopoly [1][3] - The equipment is critical for ensuring the long-term, safe, and stable operation of key devices related to national security and energy, such as aircraft engines, steam turbines, gas turbines, high-end compressors, and wind power main shafts [1][2] - The project took five years of dedicated research and development, resulting in the localization of core components and multiple invention patents, highlighting its strategic importance in the context of China's "14th Five-Year Plan" for intelligent manufacturing [2][3] Group 2 - Jizhi Co., Ltd., established in 2004 and headquartered in Hangzhou, Zhejiang, is the first listed company in the field of balancing machines in China, focusing on the research and manufacturing of balancing machines, straightening machines, and intelligent equipment [2] - The company has over 60 core technology patents and exports products to more than 100 countries and regions, aiming to empower global industrial digital transformation [2] - The expert evaluation confirmed that the DG3 equipment meets international advanced levels in measurement accuracy and system stability, with its multi-signal correlation analysis method being internationally leading [3]

证券日报网讯集智股份（300553）8月15日在互动平台回答投资者提问时表示，子公司谛听科技经过多 年的技术开发和产品验证，现已取得了某型号装备水声信号智能处理系统的直通车项目，产品应用方向 为特种电子信息行业装备领域，目前项目正在进行中，该项目短期内对公司收入和利润影响较小。 ...

Group 1 - The company Zhuhai Zhenhua is a customer of the balancing business of Jizhi Co., Ltd [2] - Jizhi Co., Ltd confirmed its relationship with Zhuhai Zhenhua on the investor interaction platform [2] - The inquiry was made by an investor regarding the customer status of Zhuhai Zhenhua [2]