Group 1 - The core point of the news is that Dongguan Wenfu Investment Co., Ltd., the controlling shareholder of Jiahe Intelligent Technology Co., Ltd., plans to reduce its shareholding in the company by up to 6 million shares, which is 1.59% of the total share capital excluding repurchased shares [1][2] - Wenfu Investment currently holds 105.6 million shares, accounting for 28.04% of the total share capital excluding repurchased shares [1] - The reduction plan will take place from September 30, 2025, to December 29, 2025, and will be executed through centralized bidding and block trading methods [1][2] Group 2 - Wenfu Investment's decision to reduce its holdings is based on its own funding needs and the shares to be sold are from those held prior to the company's initial public offering and from rights distribution [1][2] - The company has stated that the implementation of the reduction plan is subject to uncertainties, including market conditions and stock price fluctuations, but it will not affect the company's control or ongoing operations [2] - Jiahe Intelligent will continue to monitor the progress of Wenfu Investment's reduction plan and fulfill its information disclosure obligations as required by law [2]

Core Viewpoint - The controlling shareholder of Jiahe Intelligent, Dongguan Wenfu Industrial Investment Co., Ltd., plans to reduce its shareholding by up to 6,000,000 shares, representing 1.59% of the total share capital excluding repurchased shares, within a specified period from September 30, 2025, to December 29, 2025 [1] Summary by Category - Shareholding Reduction Plan - Dongguan Wenfu Industrial Investment Co., Ltd. holds 105,600,000 shares, accounting for 28.04% of the total share capital excluding repurchased shares [1] - The planned reduction includes a maximum of 3,765,000 shares through centralized bidding, representing up to 1.00% of the total share capital [1] - Additionally, up to 2,235,000 shares will be reduced through block trading, accounting for up to 0.59% of the total share capital [1]

Group 1 - The controlling shareholder, Dongguan Wenfu Industrial Investment Co., Ltd., holds 106 million shares, accounting for 28.04% of the total shares [1] - The shareholder plans to reduce its holdings by up to 6 million shares, representing 1.59% of the total shares, between September 30, 2025, and December 29, 2025 [1] - The reduction will occur through two methods: a maximum of 3.765 million shares (1.00%) via centralized bidding and a maximum of 2.235 million shares (0.59%) through block trading [1]

Core Viewpoint - The controlling shareholder of Jiahe Intelligent, Dongguan Wenfu Industrial Investment Co., Ltd., plans to reduce its shareholding by up to 6 million shares within a specified period due to personal funding needs [1] Summary by Category Shareholding Reduction Plan - The share reduction will occur within three months from September 30, 2025, to December 29, 2025 [1] - The total shares to be reduced represent up to 1.59% of the company's total share capital, excluding shares held in the repurchase special securities account [1] - The reduction will be executed through two methods: a maximum of 3.765 million shares via centralized bidding, accounting for up to 1% of the total share capital, and a maximum of 2.235 million shares through block trading, accounting for up to 0.59% of the total share capital [1] Pricing and Uncertainty - The reduction price will be determined based on market conditions [1] - The implementation of this reduction plan carries uncertainty [1]

| 证券代码：300793 | 证券简称：佳禾智能 | 公告编号：2025-087 | | --- | --- | --- | | 债券代码：123237 | 债券简称：佳禾转债 | | 特别提示： 持佳禾智能科技股份有限公司（以下简称"公司"或"佳禾智能"）股份 105,600,000 股（占公司剔除回购专用证券账户持股数量的总股本的比例 28.04%） 的控股股东东莞市文富实业投资有限公司(以下简称"文富投资")，计划自本公 告披露之日起 15 个交易日后的 3 个月内（即 2025 年 9 月 30 日至 2025 年 12 月 29 日）拟减持公司股份合计不超过 6,000,000 股（占公司剔除回购专用证券账户 持股数量的总股本的比例 1.59%）。其中，通过集中竞价交易方式减持不超过 3,765,000 股，减持比例不超过公司剔除回购专用证券账户持股数量的总股本的 1.00%；通过大宗交易方式减持不超过 2,235,000 股，减持比例不超过公司剔除回 购专用证券账户持股数量的总股本的 0.59%。 若计划减持期间公司有送股、资本公积转增股本等变动事项，文富投资将对 上述减持数量做相应调整。 公司 ...

根据公开信息及向公司了解到，本次变更募集资金用途的主要原 1 "BD KG"全称为 Beyerdynamic GmbH & Co. KG、"BD GmbH"全称为 BEYER DYNAMIC Verwaltungs-GmbH。 中证鹏元资信评估股份有限公司 中证鹏元公告【2025】428 号 中证鹏元关于关注佳禾智能科技股份有限公司可转债募投 项目变更事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对佳 禾智能科技股份有限公司（以下简称"佳禾智能"或"公司"，股票 代码：300793.SZ）及其发行的下述债券开展评级。除评级委托关系 外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行为独 立、客观、公正的关联关系。 | 债券简称 | 上一次评级时间 | | | 上一次评级结果 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 主体等级 债项等级 | 评级展望 | | | | 佳禾转债 | 2025 6 月 | 年 | 19 | 日 | A+ | A+ | 稳定 | 根据公司于 2025 年 8 月 29 ...

Group 1 - The overall gross margin of the company has declined in the first half of the year compared to the same period last year, primarily due to adjustments in customer product structure and intensified competition in the downstream terminal market [2] - Core customers have shifted their focus towards mid-to-low-end product lines in response to market demand changes, resulting in a reduced production proportion of high-margin high-end models [2] - The pricing decline in the mid-to-low-end product market has exceeded the cost reduction, which has diluted the profit margin per unit product [2] Group 2 - The company faces significant pricing pressure due to aggressive pricing strategies from competitors in the industry, driven by mature technology and the release of capacity from existing enterprises [2] - The core raw material costs, primarily concentrated in PCBA and batteries, have remained stable in the first half of the year, with minor price fluctuations not significantly impacting the company's operations [2] - The company has successfully localized its supply chain, with all necessary components sourced from domestic suppliers [2] Group 3 - The company's production capacity utilization rate at its Vietnam facility has remained high in the first half of the year, attributed to the optimization of production layout and the transfer of more orders to this base [3] - The Vietnam factory has played a positive role in mitigating the potential impacts of geopolitical factors on overall business by diversifying production [3] - The cost gap between the Vietnam factory and domestic factories is gradually narrowing, and the Vietnam facility has provided flexibility in responding to trade policies and reducing tariff impacts [3]

Group 1 - The company, Jiahe Intelligent, announced on the evening of September 5 that its third board meeting approved the proposal for leasing out some idle assets [2] - The board also approved the appointment of a new deputy general manager [2]

Group 1 - The core point of the article is the appointment of Liu Dongdan as the Vice General Manager of Jiahe Intelligent [1] Group 2 - The company's board of directors approved the hiring of Liu Dongdan [1]

Core Viewpoint - Jiahe Intelligent Technology Co., Ltd. is taking steps to enhance the operational efficiency of its assets by leasing out idle assets from its wholly-owned subsidiary, Dongguan Jiahe Acoustic Technology Co., Ltd. [1] Summary by Relevant Sections - **Asset Leasing Details** - The company plans to lease out part of its idle assets located at No. 151, Shipaizhen Dongyuan Avenue, Dongguan City, Guangdong Province [1] - The rental fee will increase by 10% every three years, with the first rental period from January 1, 2026, to December 31, 2028, set at a monthly rent of 235,930.5 yuan (including tax) [1] - The subsequent rental period from January 1, 2029, to December 31, 2031, will have a monthly rent of 259,523.55 yuan (including tax) [1] - The total contract amount for the lease is 17.8363 million yuan [1]