金融界消息 截至2025年8月4日收盘，华辰装备（300809）报收于44.89元，上涨8.93%，换手率 13.28%，成交量18.75万手，成交金额8.12亿元。 资金流向方面，今日主力资金净流入7392.93万元，占比成交额9.1%。其中，超大单净流入3950.75万 元、占成交额4.86%，大单净流入3442.18万元、占成交额4.24%，中单净流出流出688.30万元、占成交 额0.85%，小单净流出6704.63万元、占成交额8.26%。 华辰装备最新一期业绩显示，截至2025一季报，公司营业总收入1.26亿元、同比增长0.89%，归属净利 润2357.99万元，同比减少13.11%，扣非净利润2204.70万元，同比增长15.01%，流动比率3.432、速动比 率2.659、资产负债率24.69%。 天眼查商业履历信息显示，华辰精密装备(昆山)股份有限公司，成立于2007年，位于苏州市，是一家以 从事通用设备制造业为主的企业。企业注册资本25353.92万人民币，实缴资本20050万人民币。公司法 定代表人为曹宇中。 通过天眼查大数据分析，华辰精密装备(昆山)股份有限公司共对外投资了7家企业，参 ...

天眼查商业履历信息显示，华辰精密装备(昆山)股份有限公司，成立于2007年，位于苏州市，是一家以 从事通用设备制造业为主的企业。企业注册资本25353.92万人民币，实缴资本20050万人民币。公司法 定代表人为曹宇中。 通过天眼查大数据分析，华辰精密装备(昆山)股份有限公司共对外投资了7家企业，参与招投标项目250 次，知识产权方面有商标信息13条，专利信息156条，此外企业还拥有行政许可14个。 来源：金融界 金融界消息 截至2025年8月1日收盘，华辰装备（300809）报收于41.21元，下跌1.67%，换手率6.86%， 成交量9.69万手，成交金额4.03亿元。 资金流向方面，今日主力资金净流出3979.08万元，占比成交额9.87%。其中，超大单净流出42.33万 元、占成交额0.1%，大单净流出3936.75万元、占成交额9.76%，中单净流出流出1187.82万元、占成交 额2.94%，小单净流入5166.91万元、占成交额12.81%。 华辰装备最新一期业绩显示，截至2025一季报，公司营业总收入1.26亿元、同比增长0.89%，归属净利 润2357.99万元，同比减少13.11%，扣非净 ...

Summary of Huachen Equipment Conference Call Industry and Company Overview - Huachen Equipment is a leading private enterprise in China's precision grinding machine sector, focusing on internal and external thread grinding machines [2][6] - The company has formed a joint venture with Changchun Institute of Optics to develop ultra-precision optical component grinding machines, crucial for the localization of lithography machines [2][8] Core Insights and Arguments - Huachen Equipment has secured significant orders, including a 100-unit order from Fuliwang, indicating strong market recognition of its products in the humanoid robot screw rod grinding machine sector [2][7] - The company reported a net profit margin of approximately 25%-26% and a gross profit margin of about 34% for 2023, reflecting high product capability and market acceptance [2][9] - The CNC roller grinding machine market is valued at around 2 billion yuan, characterized as stable and not a growth sector, with Huachen ranked first domestically and third globally [5][12] Future Growth Potential - Huachen Equipment plans to continue expanding in humanoid robot roller screw rods, internal thread grinding machines, and ultra-precision optical components, aiming for greater growth opportunities [2][9] - The company recently launched the Ayawaya MU-level high-end composite grinding center, marking its first import substitution product in the high-precision grinding machine field [10] - The humanoid robot screw rod market is projected to reach 60 billion yuan in China by 2035, with significant growth potential driven by advancements in robotics [13] Additional Important Insights - The company’s sand wheel business has potential, but strict procurement management from state-owned enterprises has limited its market penetration [14] - The ultra-precision curved grinding machine is essential for high-precision optical components, with significant implications for the lithography machine industry in China [15][16] - Profit forecasts indicate that Huachen Equipment's profits could exceed 100 million yuan in 2025, supported by the delivery of Fuliwang orders and upcoming batch orders in humanoid robots and semiconductor equipment [5][17]

Group 1: ETF Performance - The liquidity of the Robot ETF managed by Jiashi has a turnover rate of 4.78%, with a transaction volume of 27.72 million yuan [2] - Over the past six months, the Robot ETF has seen a scale increase of 343 million yuan and a share increase of 260 million shares [2] - As of July 23, the net value of the Robot ETF has risen by 49.02% over the past year, ranking 417 out of 2936 in the index stock fund category, placing it in the top 14.20% [2] Group 2: Top Holdings - As of June 30, 2025, the top ten weighted stocks in the CSI Robot Index include Huichuan Technology, iFlytek, Stone Technology, Dahua Technology, Zhongkong Technology, Shuanghuan Transmission, Robot, Han's Laser, Julun Intelligent, and Tuobang Technology, collectively accounting for 49.58% of the index [2] Group 3: Industry Trends - The humanoid robot sector is experiencing increasing momentum, with total financing exceeding 14 billion yuan in the first half of 2025, surpassing the total for the entire previous year [5] - The collaboration among industry chain enterprises is accelerating, with leading companies seeing order fulfillment and increased activity in the financing market, providing support for the humanoid robot sector [5] - There is significant confidence in the future development potential of humanoid robots from policies, capital markets, and industry chain enterprises, leading to a continuous acceleration of the commercialization process [5] Group 4: New Product Launch - On July 23, UBTECH announced the launch of the Walker S2, a full-size industrial humanoid robot designed for smart manufacturing scenarios, featuring the BrainNet 2.0 network and the Co-Agent technology for autonomous and collaborative operation [4]

Group 1 - The core viewpoint of the news is that Panjing Investment has conducted research on Huachen Equipment, a leading company in high-end precision grinding equipment in China, which is advancing new product development to enhance its technological leadership and expand its product chain [1] - Huachen Equipment specializes in the research, manufacturing, and service of high-end precision grinding equipment, mastering core technologies across the entire industry chain [1] - The company is developing new products, including sub-micron level high-end composite grinding products and precision thread grinding machines, which will strengthen the resilience of China's machine tool industry and its international competitiveness [1] Group 2 - The new ultra-precision curved surface grinding machines are being applied in various fields such as industrial mother machines, semiconductors, military, and aerospace, with the first unit already delivered for customer verification [1] - Huachen Equipment provides various precision grinding products for humanoid robots and is progressing with its cooperation with Fuliwang Precision Company, with the first batch of equipment scheduled for delivery in September [1]

Core Viewpoint - Huachen Equipment has successfully produced and delivered its first ultra-precision curved grinding machine for customer verification, targeting key application areas such as industrial mother machines, semiconductors, military, and aerospace [1] Group 1 - The ultra-precision curved grinding machine is designed for ultra-precision optical components, ultra-precision planar (curved) parts, and precision components for semiconductors (silicon carbide) [1] - The collaboration with Fuliwang is progressing as per contractual agreements, with the first batch of equipment scheduled for delivery in September [1]

Group 1: Company Overview - Huachen Precision Equipment (Kunshan) Co., Ltd. specializes in high-end precision grinding equipment research, manufacturing, and services, with core products including fully automatic precision CNC roller grinding machines and ultra-precision surface grinding machines [2][3]. Group 2: Product Development and Market Position - The company has been in the industry for nearly 20 years, mastering key technologies across the entire industry chain of CNC roller grinding machines, achieving performance metrics comparable to world-class products [3]. - New products such as sub-micron high-end composite grinding products and precision thread grinding machines are being actively developed to expand the application fields of Huachen's flexible intelligent manufacturing systems [3][4]. Group 3: Technological Impact - The new high-end precision grinding equipment will serve as flagship products for domestic high-end import substitution, enhancing the company's product chain and solidifying its technological leadership in the precision grinding sector [4]. - These products are crucial for key national technology fields, including steel, industrial mother machines, robotics, semiconductors, military, automotive parts manufacturing, and aerospace, thereby improving the overall technical level and international competitiveness of China's machine tool industry [4]. Group 4: Specific Applications - The ultra-precision surface grinding machine is primarily applied in critical fields such as industrial mother machines, semiconductors, military, and aerospace, focusing on ultra-precision optical components and semiconductor precision parts [5]. - The company’s sub-micron high-end composite grinding products are applicable in humanoid robots for precision grinding of shaft components and core parts of RV reducers and harmonic reducers [5]. Group 5: Collaboration and Future Plans - The collaboration with Fuliwang Precision Company is progressing as per contractual agreements, with the first batch of equipment scheduled for delivery in September [5].

Group 1: Key Recommendations - The report highlights Huachen Equipment (300809) as a leading domestic roll grinding machine manufacturer, with a strategic focus on humanoid robot grinding machines to tap into a blue ocean market [5] - The recommendation logic is based on the company's superior product performance, which has reached international leading levels, and confirmed orders from top humanoid robot manufacturers [5] - The steel industry is expected to recover, which will positively impact the company's short-term performance, as its main revenue comes from CNC roll grinding machines [5] Group 2: Important Insights - The medical device sector is anticipated to see a performance recovery in H2 2025, driven by ongoing bidding recovery and inventory adjustments in high-value consumables [7][8] - The report notes that the market remains cautious about the sustainability of bidding recovery and the impact of high-value consumables procurement on company performance [7] - The long-term growth potential of chain pharmacies is highlighted, with expectations for revenue and profit growth driven by improved management and diversification efforts [8] Group 3: Financial Projections - For Huachen Equipment, projected revenues for 2025-2027 are 558.70 million, 700.90 million, and 914.30 million yuan, with growth rates of 25% for the first two years and 30% for 2027 [6] - The net profit forecast for the same period is 109.70 million, 153.50 million, and 200.50 million yuan, with growth rates of 59%, 40%, and 31% respectively [6] - Earnings per share are expected to be 0.40, 0.60, and 0.80 yuan, with corresponding price-to-earnings ratios of 82.50, 58.90, and 45.10 [6] Group 4: Market Strategy - The report suggests maintaining a diversified investment strategy, focusing on banks as a stable foundation while also investing in low-positioned securities and technology growth sectors [9] - It emphasizes the importance of individual stock selection over index performance, especially in the technology sector, given the current market conditions [9] - The outlook indicates limited downside potential in the market, with opportunities for individual stocks to perform well despite potential index corrections [9]

Group 1 - Huachen Equipment has experienced a continuous decline for five trading days, with a cumulative drop of -9.31% [1] - Huachen Precision Equipment (Kunshan) Co., Ltd. is recognized as a national-level specialized and innovative small giant enterprise and a national-level manufacturing single champion enterprise [1] - Penghua Fund's Penghua Carbon Neutrality Theme Mixed A has entered the top ten shareholders of Huachen Equipment, marking a new investment in the first quarter of this year [1] Group 2 - The Penghua Carbon Neutrality Theme Mixed A fund has achieved a year-to-date return of 40.07%, ranking 77th among 4,527 similar funds [2] - The fund manager, Yan Siqian, has a background as an analyst and manager in various financial institutions, joining Penghua Fund in January 2022 [3][4] - Yan Siqian has managed multiple funds, including those focused on ecological environment and new energy vehicles, demonstrating a strong track record in fund management [3][4]

证券代码：300809 证券简称：华辰装备 公告编号：2025-022 华辰精密装备（昆山）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。 华辰精密装备（昆山）股份有限公司 2024 年年度权益分派方案已获 2025 年 5 月 14 日召开的 2024 年年度股东大会审议通过，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案情况 1、华辰精密装备（昆山）股份有限公司（以下简称"公司"或"华辰装备"） 于 2025 年 5 月 14 日召开 2024 年年度股东大会，审议通过了《华辰精密装备（昆 山）股份有限公司 2024 年度利润分配预案》，拟以实施权益分派股权登记日登 记的总股本为基数，向全体股东每 10 股派发现金股利人民币 1 元（含税），截 至 2024 年 12 月 31 日公司总股本 253,539,200 股，以此估算合计拟派发现金红利 25,353,920.00 元（含税），不以资本公积金转增股本；不送红股。董事会审议利 润分配预案后股本发生变动的，将按照分配比例不变的原则对分配总额 ...