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].

Core Viewpoint - Huachen Equipment (300809) showcased its new products at the "High Precision and High Efficiency, Innovation and Win" launch event, highlighting significant technological breakthroughs in high-end equipment manufacturing [2][3]. Group 1: Product Launch and Innovation - The company introduced several new products, including precision CNC linear guideway grinding machines, ultra-precision surface grinding machines, precision "internal and external" thread grinding machines, and micro-movement grinding machines, demonstrating its advancements in high-end equipment manufacturing [2]. - The new products incorporate multiple independent core technologies, aiming to break the long-standing foreign monopoly in strategic fields such as semiconductors, humanoid robots, industrial mother machines, and aerospace [2]. - The launch event resulted in sales orders signed with Chengdu Haoneng Aerospace Technology Co., Ltd., Chengdu Chenglin CNC Tool Co., Ltd., and Xinxin Linear (Suzhou) Co., Ltd. [2]. Group 2: Strategic Vision and Industry Impact - The chairman, Cao Yuzhong, emphasized the company's mission to transition from "Made in China" to "Created in China," focusing on reducing reliance on imported high-end equipment and establishing industry influence through independent innovation [3]. - The company has consistently prioritized technological innovation, building an advanced intelligent manufacturing management platform and a scientific quality control system [3]. - The co-founder, Liu Xiangxiong, noted that the development of the equipment manufacturing sector, particularly the industrial mother machine industry, requires long-term experience and technological accumulation [3]. Group 3: Future Development and Industry Position - The company aims to continue driving innovation as its core, facilitating collaborative upgrades across the industrial chain to support China's transition from a "manufacturing giant" to a "manufacturing power" [3]. - The president of the China Machine Tool Industry Association, Mao Yufeng, highlighted that the new products not only showcase the company's R&D capabilities but also reflect its keen market insight and forward-looking strategy [3].

Core Viewpoint - Huachen Equipment will hold a new product launch on June 27, introducing the first domestic ultra-precision curved surface grinding machine, which utilizes revolutionary high-precision liquid static pressure technology and is equipped with Huachen's self-developed intelligent grinding CNC system, achieving nanometer-level precision and high-quality optical surfaces comparable to international top technology levels [1] Group 1 - The new grinding machine addresses the long-standing "bottleneck" in the complex surface ultra-precision grinding equipment and processes for hard and brittle materials, which has been a significant challenge in the manufacturing of high-precision optical components [1] - The successful development and application of this equipment will significantly enhance the precision, surface quality, and production efficiency of high-precision optical component processing in China, reducing reliance on imported core equipment in the ultra-precision grinding field [1] - This innovation not only meets national strategic needs but also empowers cutting-edge industries such as semiconductors, aerospace, new energy, and medical sectors [1]