Core Viewpoint - The company Zhejiang Changsheng Sliding Bearing Co., Ltd. has announced its 2024 annual profit distribution plan, which includes a cash dividend of RMB 2.35 per 10 shares for all shareholders, totaling RMB 69,828,471.05 (including tax) [1][2][4]. Summary by Sections 1. Dividend Distribution Plan - The company will distribute a cash dividend of RMB 2.35 per 10 shares based on a total share capital of 298,779,030 shares, excluding 1,636,600 shares repurchased, resulting in a base of 297,142,430 shares [2][4]. - The total cash dividend amount is RMB 69,828,471.05 (including tax) [1][4]. 2. Tax Implications - For QFII, RQFII, and individual investors holding pre-IPO restricted shares, the cash dividend after tax will be RMB 2.115 per 10 shares [2]. - Different tax rates apply for various categories of shareholders, with specific calculations based on holding periods [2]. 3. Key Dates - The record date for the dividend distribution is June 3, 2025, and the ex-dividend date is June 4, 2025 [2]. 4. Dividend Distribution Method - The company will be responsible for any legal liabilities arising from insufficient cash dividends due to a decrease in shareholders' securities accounts during the distribution application period [3]. 5. Adjustments to Parameters - The company will adjust the grant price of restricted stock options in accordance with relevant regulations if there are changes in capital structure or dividend distributions [4].

证券代码：300718 证券简称：长盛轴承 公告编号：2025-032 浙江长盛滑动轴承股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、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、浙江长盛滑动轴承股份有限公司（以下简称"公司"）回购专用证券账户中的股 份 1,636,600 股不参与本次权益分派。本次权益分派将以公司现有总股本 298,779,030 股扣除回购专用证券账户股份 1,636,600 股后的 297,142,430 股为基数，向全体股东每 10 股派 2.35 元人民币（含税），派发现金分红总额为 297,142,430 股×2.35 元/10 股 =69,828,471.05 元（含税）。 2、本次权益分派实施后计算除权除息价格时，按总股本（含回购专用证券账户股 份）折算每 10 股现金红利=派发现金分红总额/公司总股本*10=69,828,471.05 元 /298,779,030 股*10 股=2.337127 元，即每股现金红利为 0.2337127 元。本次权益分派 实施后的除权除息参考价格=权益分派股权登记日收盘价- ...

Core Viewpoint - The company is expanding its business into humanoid robot components, collaborating with manufacturers and conducting research based on market demands, although the timeline for industry capacity expansion remains uncertain [1][3]. Company Performance - In 2023, the company achieved revenue of 1.137 billion yuan, a year-on-year increase of 2.89%, and a net profit of 229 million yuan, a year-on-year decrease of 5.43% [1]. - The company's main products include self-lubricating bearings and low-friction components, which are used in various industries such as automotive, engineering machinery, and robotics [1]. Industry Insights - The humanoid robot industry is projected to grow significantly, with global market sales expected to reach 12,400 units and a market size of 6.339 billion yuan by 2025, and over 640 billion yuan by 2030 [3]. - Bearings are essential components in robots, providing support, guiding rotation, and reducing friction, with sliding bearings being particularly advantageous due to their larger contact area and lower maintenance costs [2]. Product Development and Market Strategy - The company is currently producing small batches of robot components, which account for less than 1% of its main business revenue, while some products are still in the sampling and testing phase [2]. - The company aims to strengthen collaboration with the robotics industry and develop customized solutions based on client needs [2]. Market Position and Competitive Advantage - The company's sliding bearings hold a 1% market share in the global automotive market, with advantages in product performance and stability compared to domestic competitors, and pricing and delivery efficiency compared to overseas competitors [4]. - The company has seen a steady increase in orders, as traditional components like bearings are less subject to price cuts compared to higher-value parts like chips and batteries [5]. Supply Chain and Raw Material Management - The company’s production costs are significantly influenced by copper prices, which are a major component of its raw materials [5]. - The company maintains a safety stock based on average usage and supplier requirements, with raw material inventory levels between one to one and a half months [5].

上海市徐汇区淮海中路 1010 号嘉华中心 45 层 邮政编码 200031 电话: (86-21) 5404 9930 传真: (86-21) 5404 9931 关于浙江长盛滑动轴承股份有限公司 2024 年年度股东大会的法律意见书 致：浙江长盛滑动轴承股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）以及中国证券监 督管理委员会颁布的《上市公司股东会规则》（以下简称"《股东会规则》"）的 规定，北京市竞天公诚律师事务所上海分所（以下简称"本所"）指派律师对浙江 长盛滑动轴承股份有限公司（以下简称"公司"）2024年年度股东大会（以下简称 "本次股东会"）进行见证，并就本次股东会的召集和召开程序、召集人资格与出 席会议人员资格、表决程序与表决结果发表法律意见。 为出具本法律意见，本所律师审查了《浙江长盛滑动轴承股份有限公司第五 届董事会第七次会议决议公告》《浙江长盛滑动轴承股份有限公司第五届监事会 第七次会议决议公告》《浙江长盛滑动轴承股份有限公司关于召开2024年年度股 东大会的通知》以及本所律师认为必要的其他文件和资料，同时审查了出席现场 会议股东的身份和资格、见证了本次股东会的召开 ...

证券代码：300718 证券简称：长盛轴承 公告编号：2025-031 浙江长盛滑动轴承股份有限公司 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内容的真实、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）现场会议召开时间：2025 年 5 月 20 日（星期二）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时间为： 2025 年 5 月 20 日（星期二）9:15～9:25，9:30～11:30 和 13:00～15:00；通过 互联网投票系统投票的具体时间为：2025 年 5 月 20 日（星期二）9:15 至 15:00 期间的任意时间。 2、现场会议召开地点：浙江省嘉兴市嘉善县惠民街道鑫达路 6 号公司五楼 会议室。 3、会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 4、会议召集人：公司董事会。 5、现场会议主持人：董事长孙志华先生。 6、会议召开的合法、合规性： 本次 ...

Group 1 - The Shenzhen Stock Exchange held a performance briefing for listed companies in the robotics industry, focusing on the theme "Agile and Empowering New Manufacturing," with companies like Zhimi Intelligent, Changsheng Bearing, Changying Precision, and Gokong Technology participating to discuss their performance and industry outlook [1] - The Shenzhen robotics industry has formed a significant cluster with over 100 listed companies, achieving a total market capitalization of approximately 5.5 trillion yuan [3] - Changying Precision, a leading domestic precision electronic component company, aims for a revenue of 16.934 billion yuan in 2024, representing a year-on-year growth of 23.40%, with a net profit of 772 million yuan, a substantial increase of 800.24% [3] - Zhimi Intelligent, a leading provider of IoT hardware products and solutions, expects to achieve a revenue of 4.034 billion yuan in 2024, a year-on-year increase of 10.06%, with a net profit of 125 million yuan, reflecting a growth of 280.73% [3] - Gokong Technology's core business in motion control components is expected to drive revenue growth in 2024, as the company has over ten years of experience in the robotics field, assisting clients in system construction and commercial implementation [3] Group 2 - Companies express optimism about the future development of the robotics industry, although large-scale commercialization is anticipated to take time [4] - Changsheng Bearing's general manager noted that the overall development of the robotics industry will create more opportunities for component companies, with research indicating that the global humanoid robot market is expected to reach a certain level by 2025 and experience significant growth by 2035 [4] - The current business of Changsheng Bearing in the robotics components sector is in its early stages, with future revenue expected to increase [4]

Core Viewpoint - Changsheng Bearing (300718) has gained significant attention in the capital market this year, with nearly a tenfold increase in stock price, driven by its involvement in the "robotics concept" [1][2] Group 1: Company Overview - Changsheng Bearing is headquartered in Jiaxing, Zhejiang, and specializes in the research, production, and sales of self-lubricating bearings and high-performance polymers [1] - The company's main products include self-lubricating bearings, low-friction components, and related precision castings, which are widely used in various industries such as automotive, construction machinery, robotics, port machinery, plastic machinery, and agricultural machinery [1] Group 2: Robotics Business Development - The company has achieved some batch sales in the robotics component sector, although revenue from this area is currently less than 1% of its main income, indicating that the business is still in its early stages [1][2] - Changsheng Bearing is in close communication with robotics manufacturers and related suppliers, with ongoing collaborative projects in the research and development phase [1] - The company has developed self-lubricating bearings for use in robotic joints and some linear actuators, which are characterized by low cost, high strength, high load capacity, and maintenance-free operation [2] Group 3: Market Potential and Future Outlook - Despite the current low revenue from the robotics sector, the company is optimistic about the market potential and development space, expecting continued growth in the future [2] - The revenue from the robotics components sector largely depends on the overall development of the robotics industry, which is currently undergoing continuous iteration and has not yet entered large-scale production [2] - The company has sufficient production capacity to meet future market growth demands, with the ability to produce automotive and robotics products on the same production line [3]

Group 1: Company Performance and Market Opportunities - The company focuses on the automotive industry, which has become a strategic growth area, with over 100 self-lubricating bearings used per vehicle, enhancing performance and comfort [2] - The global humanoid robot market is projected to exceed 5 million units and reach a market size of over 400 billion yuan by 2025, presenting significant opportunities for component suppliers [3] - The engineering machinery sector shows signs of recovery, with excavator sales increasing by 22.8% in the first quarter of 2025, indicating a favorable market environment for the company [3] Group 2: Financial Metrics and Challenges - The company's gross margin for 2024 is reported at 35.16%, a slight decrease from 35.81% in 2023, primarily due to fluctuations in raw material prices and exchange rates [4] - Approximately 40% of the company's revenue comes from international markets, making it susceptible to currency exchange rate fluctuations [4] - The company has implemented a pricing mechanism linked to raw material costs to mitigate the impact of price volatility [4] Group 3: Production Capacity and Technological Advancements - The company has sufficient production capacity to meet future market demands, with the ability to produce automotive and robotic components on the same production line [3] - Recent expansions include new factory buildings and the introduction of over 20 fully automated bearing forming machines, enhancing production efficiency and product quality [3] Group 4: Industry-Specific Insights - The company does not hold military industry qualifications but specializes in self-lubricating bearings and high-performance polymers for various sectors, including automotive and robotics [6] - The automotive and engineering machinery sectors together account for approximately 80% of the company's total revenue, with the automotive sector showing consistent growth [6] - The revenue from the robotics sector is currently less than 1% of total revenue, indicating that this area is still in its early development stage [6]

证券代码：300718 证券简称：长盛轴承 公告编号：2025-030 浙江长盛滑动轴承股份有限公司 关于参加深圳证券交易所"机巧灵动 赋能新制造" 2024 年度集体业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江长盛滑动轴承股份有限公司（以下简称"公司"）将于 2025 年 5 月 15 日（星期四）15:00-17:00 参加由深圳证券交易所组织召开的以"机巧灵动・赋 能新制造"为主题的集体业绩说明会活动，现将有关事项公告如下： 一、本次业绩说明会的安排 1、召开时间：2025 年 5 月 15 日（星期四）15:00-17:00 2、召开地点：深圳证券交易所 8 楼上市大厅 3、召开方式：视频直播与图文转播 4、公司出席人员：董事、总经理褚晨剑先生，副总经理、董事会秘书、财 务总监何寅先生，独立董事万源星先生，具体以当天实际参会人员为准。 二、投资者问题征集方式 为充分尊重投资者、提升交流的针对性，现就本次业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议。投资者可提前登陆深交所"互动 易"平台（http://irm ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the benchmark index [5][7]. Core Insights - The company reported a revenue of 1.137 billion yuan for 2024, reflecting a year-on-year growth of 2.89%. The net profit attributable to shareholders was 229 million yuan, down 5.43% from the previous year [1]. - In Q1 2025, the company achieved a revenue of 282 million yuan, a year-on-year increase of 2.18%, with a net profit of 53 million yuan, up 1.54% [1]. - The automotive sector's steady growth has positively impacted the company's main business, with domestic operations contributing to revenue growth [2]. Financial Performance - The company's gross margin for 2024 was 35.16%, with a net profit margin of 20.14%. In Q1 2025, these figures were 32.91% and 18.80%, respectively [3]. - The company maintained stable expense ratios in 2024, with sales, management, and financial expense ratios at 2.06%, 5.69%, and -0.92%, respectively [3]. - R&D expense ratio for 2024 was 4.38%, showing a slight decline of 0.11 percentage points year-on-year [3]. Market Opportunities - The self-lubricating bearing industry is expected to expand significantly, with potential applications in construction and robotics. The company is focusing on self-lubricating bearings and screw products for humanoid robots, which are already in small-scale production [4]. - The company is positioned as a leader in the domestic self-lubricating bearing industry, with robust growth in automotive and engineering machinery sectors, and emerging opportunities in humanoid robotics [5]. Profit Forecast - The company is projected to achieve revenues of 1.293 billion yuan, 1.487 billion yuan, and 1.733 billion yuan for 2025, 2026, and 2027, respectively. The net profit attributable to shareholders is expected to be 266 million yuan, 311 million yuan, and 368 million yuan for the same years [5].