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 ...

一、监事会会议召开情况 证券代码：300809 证券简称：华辰装备 公告编号：2025-020 华辰精密装备（昆山）股份有限公司 本公司及监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。 第三届监事会第八次会议决议公告 华辰精密装备（昆山）股份有限公司（以下简称"公司"）召开第三届监事会 第八次会议。 1、会议通知的时间和方式：2025 年 6 月 27 日以电子邮件方式通知 2、会议召开的时间：2025 年 6 月 30 日 13:00 3、会议召开的地点：江苏省昆山市周市镇横长泾路 333 号华辰精密装备（昆 山）股份有限公司四楼会议室 4、会议召开方式：现场会议 5、会议召集人：监事会主席王明霞女士 6、会议主持人：监事会主席王明霞女士 7、召开情况合法、合规、合章程性说明：会议的召集召开符合《中华人民 共和国公司法》及《华辰精密装备（昆山）股份有限公司章程》的规定。 《华辰精密装备（昆山）股份有限公司第三届监事会第八次会议决议》。 特此公告。 应出席监事会会议的监事人数共 3 人，实际出席本次监事会会议的监事（包 括委托出席的监事人数）共 3 人，缺席本次监事会 ...

证券代码：300809 证券简称：华辰装备 公告编号：2025-019 华辰精密装备（昆山）股份有限公司 第三届董事会第八次会议决议公告 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。 一、董事会会议召开情况 华辰精密装备（昆山）股份有限公司（以下简称"公司"）召开第三届董事会 第八次会议。 1、会议通知的时间和方式：2025 年 6 月 27 日以电子邮件方式通知 2、会议召开的时间：2025 年 6 月 30 日上午 10:30 3、会议召开的地点：江苏省昆山市周市镇横长泾路 333 号华辰精密装备（昆 山）股份有限公司四楼会议室 4、会议召开方式：现场结合通讯会议 5、会议召集人：董事长曹宇中先生 6、会议主持人：董事长曹宇中先生 7、召开情况合法、合规、合章程性说明：会议的召集召开符合《中华人民 共和国公司法》及《华辰精密装备（昆山）股份有限公司章程》的规定。 应出席董事会会议的董事人数共 7 人，实际出席本次董事会会议的董事（包 括委托出席的董事人数）共 7 人，缺席本次董事会会议的董事共 0 人，其中，曹 宇中先生、彭连超先生、顾月勤女士、葛霞青女 ...

广发证券股份有限公司 关于华辰精密装备（昆山）股份有限公司 募投项目延期的核查意见 广发证券股份有限公司（以下简称"广发证券"、"保荐机构"）作为华辰 精密装备（昆山）股份有限公司（以下简称"华辰装备"、"公司"）首次公开 发行股票并在创业板上市的保荐机构，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（2025 年修订）》《深圳证券交易所上 市公司自律监管指引第 2 号——创业板上市公司规范运作（2025 年修订）》《上 市公司募集资金监管规则》等有关法律法规规定，对华辰装备部分募投项目延期 事项进行了核查，具体情况如下： 公司考虑目前募投项目的实际进展情况，在募投项目实施主体、实施方式、 募集资金投资用途及投资规模不发生变更的前提下，拟对项目达到预定可使用状 态的时间进行调整，调整后募投项目的达到预定可使用状态日期如下： | 序号 | 项目名称 | 调整前项目达到预定可使 | | 调整后项目达到预定可 | | | | --- | --- | --- | --- | --- | --- | --- | | | | 用状态时间 | | 使用状态时间 | | | | 1 | 智能化磨削 ...

证券代码：300809 证券简称：华辰装备 公告编号：2025-021 华辰精密装备（昆山）股份有限公司 关于公司募投项目延期的公告 根据《华辰精密装备（昆山）股份有限公司首次公开发行股票并在创业板上 市招股说明书》中披露的募集资金投资计划及 2021 年度股东大会通过的《关于 变更部分募集资金投资项目的议案》，本公司募集资金拟投资项目如下： | 序号 | 项目名称 | 承诺投资总 | 调整后投资总 | 备案文件 | | --- | --- | --- | --- | --- | | | | 额（万元） | 额（万元） | | | 1 | 全自动数控轧辊磨床 | 25,982.82 | 25,982.82 | 昆经信备 | | | 升级扩能建设项目 | | | [2018]82 号 | | 2 | 智能化磨削设备生产 | 22,929.07 | 17,929.07 | 昆发改备 | | | 项目 | | | 号 [2018]440 | | 3 | 研发中心建设项目 | 5,452.00 | 2,452.00 | 昆发改备 | | | | | | [2018]439 号 | | 4 | 补充流动资金 | 14, ...

Core Viewpoint - The company successfully launched several new precision grinding machines, reinforcing its competitive advantage in the high-end grinding market and breaking the overseas monopoly in certain technologies [1][2]. Product Launch and Technical Advancements - The new products include ultra-precision curved surface grinders, precision thread grinders, precision CNC linear guideway grinders, and μm-level grinding machines, showcasing the company's commitment to high-precision grinding technology [1][2]. - The ultra-precision curved surface grinder achieves a precision of 0.001mm for optical components, addressing national demand for semiconductor equipment [1]. - The precision thread grinder can reach the highest accuracy level of P0, with significant improvements in grinding efficiency of over 300% due to innovative technologies [1][2]. - The precision CNC linear guideway grinder features a unique double-layer stacking grinding technology, achieving a grinding efficiency of 13 minutes for two 4-meter guideways [2]. - The μm-level grinding machine focuses on robotic joint reducer parts, achieving a profile accuracy of up to 1μm and doubling the processing efficiency [2]. Market Position and Industry Trends - The company holds a 40% market share in the domestic high-end precision grinding sector and is recognized as a global leader in roll grinding machines [3]. - The expansion into new product categories is driven by the application of ultra-precision grinding technology in smaller workpieces, which aligns with the high precision demands of downstream industries such as steel and automotive [3]. - The company has maintained strong financial metrics, with historical gross and net profit margins of 40% and 20%, respectively, indicating robust competitive advantages [3]. Financial Projections - Revenue forecasts for 2025-2027 are projected at 637 million, 888 million, and 1.174 billion yuan, representing year-on-year growth rates of 43%, 39%, and 32% respectively [4]. - Net profit forecasts for the same period are 112 million, 196 million, and 300 million yuan, with year-on-year growth rates of 81%, 75%, and 53% respectively [4]. - The company's stock price of 36.97 yuan corresponds to a PE ratio of 84, 48, and 31 for the years 2025, 2026, and 2027, reflecting its position as a leading player in the high-end grinding equipment market [4].