一、股份回购进展情况 证券代码：300680 证券简称：隆盛科技 公告编号：2025-027 无锡隆盛科技股份有限公司 关于回购公司股份的进展公告 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。 无锡隆盛科技股份有限公司（以下简称"公司"）于2024年11月27日召开第五届 董事会第四次会议，并于2024年12月16日召开2024年第二次临时股东大会，审议通过 了《关于回购公司股份方案的议案》，同意公司使用自有资金和股票回购专项贷款以 集中竞价方式回购公司已发行的人民币普通股（A股）股票，回购股份将全部予以注 销并减少公司注册资本。本次回购的资金总额不低于人民币10,000万元且不超过人民 币20,000万元（含本数），回购股份价格不超过人民币40元/股，具体回购股份的数 量和金额以回购期限届满时实际回购的股份数量为准。本次回购股份的实施期限为自 股东大会审议通过回购股份方案之日起不超过12个月。具体内容详见公司在巨潮资讯 网（www.cninfo.com.cn）披露的《回购报告书》（公告编号：2024-070）等相关公 告。 根据《上市公司股份回购规定》《深 ...

Core Viewpoint - Longsheng Technology (隆盛科技) is actively expanding its business in the automotive parts industry, with significant progress in various projects and a focus on new product development, particularly in the fields of aerospace precision manufacturing and humanoid robotics [1][7]. Group 1: Business Development - Longsheng Technology is developing a third-generation dexterous hand and has successfully progressed in the development of a semi-assembly project for electric drive motors for new energy commercial vehicles, with supply expected to Bosch and Seres in the second half of the year [1][8]. - The company has established a strong strategic partnership with Tesla, which is identified as a core strategic customer [1][8]. - Longsheng Technology has seen its stock price double this year, indicating strong market performance [2]. Group 2: Financial Performance - The company has experienced steady growth in operating performance, with revenue and net profit both increasing in 2023 and 2024 [1][5]. - Longsheng Technology's total assets grew from 4.62 billion yuan in 2017 to an expected 40 billion yuan by the end of 2024, representing a growth of approximately 7.66 times [3][4]. - Revenue has increased significantly, from 150 million yuan in 2017 to an expected 2.397 billion yuan in 2024, marking a growth of about 15 times [4][5]. Group 3: Research and Development - The company has made substantial investments in research and development, with expenditures rising from approximately 38.9 million yuan in 2021 to about 92.9 million yuan in 2024 [9]. - Longsheng Technology has successfully broken the foreign monopoly in the heavy truck market for EGR systems and is now achieving mass production with major domestic heavy truck manufacturers [9]. Group 4: Strategic Expansion - Longsheng Technology has expanded its business from a single focus on diesel commercial vehicle EGR systems to three core business segments: EGR systems, new energy vehicle drive motor cores, and precision automotive components [6][8]. - The company is also actively pursuing opportunities in emerging fields such as aerospace precision manufacturing and humanoid robotics, with plans to launch the "Lansen" robot in June 2024 [7][8].

Group 1: Business Segments and Developments - Aerospace precision manufacturing is a key future business area for the company, with a focus on UAV components and missile precision parts [2][3] - The company is developing the third generation of dexterous hands for humanoid robots, targeting multi-sensor integration and control [3] - The company has established a strong market presence in the new energy electric drive core, with significant supply to leading electric vehicle manufacturers [3][4] Group 2: Strategic Partnerships and Projects - The company is collaborating with Bosch on the new energy commercial vehicle drive motor assembly, with supply expected to start in the second half of 2025 [3][4] - The company has successfully broken the foreign monopoly in the heavy-duty truck EGR valve market and is expanding its customer base [7] - The company has entered into contracts for commercial satellite projects with Galaxy Aerospace, with ongoing cooperation with China Aerospace Technology Group [10][11] Group 3: Market Position and Competitiveness - The company holds a leading position in the domestic EGR system market for passenger vehicles, supplying major clients such as BYD, Chery, and Geely [6][7] - The EGR technology is positioned as a key solution for energy conservation and emission reduction in both commercial and passenger vehicles, aligning with national policies [5][6] - The company is optimistic about the market prospects for EGR systems, leveraging over 20 years of industry experience [5][6] Group 4: Financial Outlook and Growth Drivers - The revenue contribution from satellite products is expected to be 10-15% in 2024 [10] - The company anticipates significant growth in the precision components sector driven by new project mass production and an expanding customer base [7][8] - The copper busbar business is projected to double in 2025, supported by various vehicle models [8]

无锡隆盛科技股份有限公司 证券代码：300680 证券简称：隆盛科技 公告编号：2025-026 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、股东大会届次：2024年年度股东大会。 2、会议召开的日期、时间： （1）现场会议召开时间：2025年5月12日（周一）14:30； （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年5月12日上午 9:15-9:25，上午9:30-11:30，下午13:00-15:00； 3、现场会议地点：江苏省无锡市新吴区珠江路99号本公司A407会议室。 4、会议召开的方式：本次股东大会采取现场投票与网络投票相结合的方式。 5、股东大会召集人：公司董事会。 6、现场会议的主持人：董事长倪铭先生。 （二）会议出席情况 1、股东出席的总体情况： 公司截至股权登记日有表决权的股份总数为226,962,278股（已扣 ...

上海市锦天城律师事务所 关于无锡隆盛科技股份有限公司 2024 年年度股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于无锡隆盛科技股份有限公司 2024 年年度股东大会的 法律意见书 致：无锡隆盛科技股份有限公司 日 9 时 15 分至 15 时期间进行。 本所律师认为，本次股东大会召集人资格合法、有效，本次股东大会召集、 召开程序符合《公司法》《上市公司股东会规则》等法律、法规、规章、规范性 文件以及《公司章程》的有关规定。 《上市公司股东会规则》等法律、法规、规章、规范性文件以及《无锡隆盛科技 股份有限公司章程》（以下简称《公司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的相关事项进行了必 要的核查和验证，审查了本所律师认为出具该法律意见书所需审查的相关文件、 资料，并参加了公司本次股东大会现场会议的全过程。 上海市锦天城律师事务所（以下简称"本所"）接受无锡隆盛科技 ...

证券代码：300680 证券简称：隆盛科技 公告编号：2025-025 无锡隆盛科技股份有限公司 关于回购公司股份的进展公告 无锡隆盛科技股份有限公司（以下简称"公司"）于2024年11月27日召开第五届 董事会第四次会议，并于2024年12月16日召开2024年第二次临时股东大会，审议通过 了《关于回购公司股份方案的议案》，同意公司使用自有资金和股票回购专项贷款以 集中竞价方式回购公司已发行的人民币普通股（A股）股票，回购股份将全部予以注 销并减少公司注册资本。本次回购的资金总额不低于人民币10,000万元且不超过人民 币20,000万元（含本数），回购股份价格不超过人民币40元/股，具体回购股份的数 量和金额以回购期限届满时实际回购的股份数量为准。本次回购股份的实施期限为自 股东大会审议通过回购股份方案之日起不超过12个月。具体内容详见公司在巨潮资讯 网（www.cninfo.com.cn）披露的《回购报告书》（公告编号：2024-070）等相关公 告。 一、股份回购进展情况 根据《上市公司股份回购规定》《深圳证券交易所上市公司自律监管指引第9号 ——回购股份》等相关规定，公司应当在回购期间每个月的前三个 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The company reported a significant revenue increase of 31.21% year-on-year for 2024, reaching 2.397 billion yuan, with a net profit growth of 52.81% to 224 million yuan [1] - In Q1 2025, the company achieved a revenue of 606 million yuan, reflecting a year-on-year growth of 7.06%, and a net profit of 59 million yuan, up 11.41% year-on-year [2] - The company is expanding its robotics business, focusing on advanced technologies such as dexterous hands and harmonic reducers, and has established a subsidiary to enhance its capabilities in humanoid robotics [3] Financial Summary - The company forecasts revenues of 3.44 billion yuan, 4.41 billion yuan, and 5.47 billion yuan for 2025, 2026, and 2027, respectively, representing year-on-year growth rates of 43.4%, 28.3%, and 23.9% [4] - Expected net profits for the same years are projected at 331 million yuan, 435 million yuan, and 530 million yuan, with growth rates of 47.5%, 31.5%, and 21.9% [4][9] - The company's earnings per share (EPS) is expected to increase from 0.97 yuan in 2024 to 2.29 yuan in 2027 [11]

Group 1: Financial Performance - In Q1 2025, the company achieved total revenue of 606 million, net profit attributable to shareholders of 59 million, and net profit excluding non-recurring items of 55 million, representing year-on-year growth of 7.06%, 11.41%, and 8.19% respectively [1] - The sales gross margin was 18.12%, and the net profit margin was 10.03% [1] - Despite fluctuations in downstream customer sales, the company's performance showed resilient growth, with expectations for increased growth driven by new model releases and gradual mass production of motor core subassemblies [1] Group 2: Production and Capacity - In 2024, the company's hybrid EGR capacity utilization rate was 41.18%, while the motor core capacity utilization rate was 69.17% [1] - The development of the company's EGR system and new energy electric drive motor cores is expected to further enhance production capacity, output, and sales [1] Group 3: Strategic Investments - The company is focusing on humanoid robots, particularly in areas such as dexterous hands, harmonic reducers, and drive motor components [2] - In March 2025, the company initiated an investment acquisition of Wuxi Weihan Intelligent Technology Co., which will become a subsidiary, strengthening the company's ecosystem in the humanoid robot sector [2] Group 4: Growth Projections - The company is projected to achieve net profits attributable to shareholders of 345 million, 501 million, and 679 million in 2025, 2026, and 2027 respectively, corresponding to P/E ratios of 27.2, 18.7, and 13.8 [2] - The company is recognized as a leading enterprise in EGR and motor cores, with rapid growth in its main business and active expansion into robotics and aerospace sectors [2]

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 52.9 CNY for 2025, based on a 40x PE valuation [3][6]. Core Insights - The company reported a strong performance in 2024, achieving a revenue of 2.397 billion CNY, a year-on-year increase of 31.21%, and a net profit attributable to shareholders of 224 million CNY, up 52.81% year-on-year [1][2]. - The growth in revenue was driven by various business segments, with EGR, new energy, and stamping parts generating revenues of 729 million CNY, 1.034 billion CNY, and 421 million CNY, respectively, reflecting year-on-year growth rates of 30%, 29%, and 43% [2]. - The company has made significant advancements in the humanoid robot sector, focusing on key components such as dexterous hands and harmonic reducers, indicating potential for future growth [3]. Financial Summary - In 2024, the company achieved a gross margin of 17.95%, an increase of 0.16 percentage points year-on-year, and a net margin of 9.57%, up 1.43 percentage points year-on-year [2]. - The projected revenues for 2025-2027 are 3.402 billion CNY, 4.456 billion CNY, and 5.596 billion CNY, with corresponding net profits of 306 million CNY, 425 million CNY, and 562 million CNY, indicating a robust growth trajectory [4][12]. - The company’s net asset return is expected to improve from 12.31% in 2024 to 19.20% by 2027, showcasing enhanced profitability [4][12].

向特定对象发行股票之持续督导保荐总结报告书 隆盛科技持续督导项目 保荐总结报告书 招商证券股份有限公司关于 无锡隆盛科技股份有限公司 隆盛科技持续督导项目 保荐总结报告书 | 保荐结构名称 | 招商证券股份有限公司 | | --- | --- | | 保荐机构编码 | Z27174000 | 招商证券股份有限公司（以下简称"招商证券"、"保荐机构"）作为无锡 隆盛科技股份有限公司（以下简称"隆盛科技"、"公司"）2021 年度向特定 对象发行股票的保荐机构，负责本次发行股票后的持续督导工作，持续督导期间 自隆盛科技本次发行的股票上市之日起至 2024 年 12 月 31 日（以下简称"持续 督导期"）。 招商证券根据《证券发行上市保荐业务管理办法》《深圳证券交易所创业板 股票上市规则》等法规、规范性文件相关要求，出具本保荐总结报告书。 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证券监督管理委员会（以下简称"中国证监 会"）、深圳证券交易所对保荐总 ...