兴业证券股份有限公司 利用闲置募集资金进行现金管理的核查意见 兴业证券股份有限公司（以下简称"保荐机构"）作为广州市浩洋电子股份 有限公司（以下简称"公司"或"浩洋股份"）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》《上市公司募集资金监 管规则》《深圳证券交易所创业板股票上市规则》《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》等相关规定，就浩洋股份利用 闲置募集资金进行现金管理的事项进行了专项核查，核查的具体情况如下： 一、募集资金的基本情况 根据中国证监会《关于核准广州市浩洋电子股份有限公司首次公开发行股票 的批复》（证监许可[2020]519 号）核准，公司向社会公众公开发行人民币普通股 （A 股）21,082,000.00 股，每股面值 1.00 元，每股发行价格 52.09 元。截至 2020 年 5 月 14 日， 公司募 集资金 总额为 1,098,161,380.00 元， 扣除发 行费用 100,448,034.90 元，实际募集资金净额为 997,713,345.10 元，其中新增股本 21,082,000.00 元，股本溢价 ...

Summary of Conference Call Records Companies and Industries Involved - **Juxing Technology (巨星科技)** - **Haoyang Co., Ltd. (浩洋股份)** - **Robotics Industry (机器人行业)** Key Points and Arguments Juxing Technology - Juxing Technology benefits from the interest rate cut cycle, which stimulates real estate demand, holding the second-largest global market share in hand tools with potential for doubling growth [1] - The electric tools business is expected to achieve fivefold growth in the next 3-5 years, with a revenue target of $1 billion [2] - The company has completed its inventory reduction process and is now in a normal purchasing and sales phase, which is expected to enhance performance [2] - Q3 performance is anticipated to exceed expectations due to increased demand from supermarkets driven by interest rate cuts [2] - Projected net profits are expected to be 2.7 billion yuan in 2025 and 3.3 billion yuan in 2026, indicating a 70% growth potential based on a 20x PE valuation [1][3] Haoyang Co., Ltd. - Haoyang has experienced a decline in revenue and net profit for six consecutive quarters but is expected to reach a turning point [3] - Orders from the U.S. market have recovered to last year's levels, and the European market is performing well despite tariff increases [3] - The company is gradually increasing its share of free brands, which is expected to enhance profitability, with projections of 250 million yuan in net profit for 2025 and 350-400 million yuan for 2026, indicating an 80% growth potential [3] - The stage lighting industry is experiencing high demand, with concert-related revenues expected to grow significantly [3] Robotics Industry - The robotics sector is anticipated to enter a bull market in Q4, despite recent stock price fluctuations due to concerns over Optimus order confirmations [4] - Key catalysts for the robotics industry include upcoming factory audits, the release of third-generation products, and developments related to Yushu and UBTECH [5] - The market is expected to resonate domestically and internationally, potentially leading to stronger performance than earlier in the year [10] Specific Product Focus - **Dexterous Hands (灵巧手)**: Focus on electronic skin and micro-screws, with Hanwei Technology and Rongtai being notable companies in these areas [6][7] - **Joint Modules (关节模组)**: Emphasis on cycloidal reducers and screws, with companies like Keda Li, Greenland, and Hengli Hydraulic being highlighted for their competitive edge [9] Market Outlook - The upcoming Q4 is expected to see a stronger market resonance compared to earlier in the year, driven by multiple catalysts including new product launches and order fulfillment [10]

Group 1 - The core viewpoint of the article is that Haoyang Co., Ltd. (SZ 300833) is actively engaging with investors through a scheduled research meeting, indicating a focus on transparency and investor relations [1] - Haoyang Co., Ltd. reported that its revenue composition for the year 2024 will be entirely from performance lighting equipment, with a 100.0% share [1] - As of the report, Haoyang Co., Ltd. has a market capitalization of 6 billion yuan [1]

Financial Performance - The company's operating revenue decreased by 21.99% year-on-year, while the net profit attributable to shareholders dropped by 61.69% [2][4] - Domestic sales amounted to only 32.8475 million yuan, indicating a heavy reliance on overseas markets, which account for over 93% of total sales [3] Market Conditions - Despite the decline in performance, the overall demand in Europe remains positive, and Asia's performing arts activities continue to grow steadily [3] - The Middle East market is showing signs of recovery, while the U.S. market is affected by tariffs [3] Strategic Outlook - The company plans to enhance its R&D capabilities and introduce competitive products to increase market share and overall competitiveness [4][5] - Adjustments in product structure and optimization of product proportions in niche markets are part of the strategy to address future market challenges [5] Operational Developments - The fixed assets increased by 10.31% year-on-year, primarily due to the completion of fundraising projects, which are expected to enhance production capacity [3][4] - The company is actively monitoring the progress of its overseas production base in Vietnam, with updates to be disclosed in future announcements [3]

Group 1: Company Overview and Financial Performance - The company is a high-tech enterprise engaged in the R&D, production, and sales of stage lighting equipment, architectural lighting equipment, and truss equipment [2] - In the first half of 2025, the company increased R&D investment and integrated with Danish SGM company, leading to a new headquarters being put into use [2] - The company reported a revenue of approximately RMB 522 million, a year-on-year decrease of about 21.99% [2] - The net profit attributable to the parent company was approximately RMB 78 million, a year-on-year decrease of about 61.69% [2] Group 2: Business Structure and Market Performance - The company's business model is driven by "ODM + OBM," with overseas sales accounting for approximately 94% and domestic sales for about 6% in the first half of 2025 [4] - The U.S. market has been significantly impacted by changes in the trade environment, while demand in other overseas regions remains stable [4] - The domestic market faces intensified competition due to international trade environment changes, but there are signs of recovery in the U.S. market [4] Group 3: Product Development and Market Outlook - The penetration rate of new products continues to rise, with sales revenue from new products increasing year-on-year despite overall revenue decline [5] - The company aims to enhance R&D capabilities and introduce competitive products to increase market share [6] - According to Live Nation's Q2 report, overseas performance events are expected to grow steadily over the next two years, indicating a favorable market outlook [6] Group 4: Strategic Adjustments and Future Plans - The company is adjusting its product structure and enhancing R&D innovation to respond to future market challenges and opportunities [7] - With the stabilization of the U.S. trade environment, the company is optimistic about the recovery of the U.S. market [7]

Market Overview - The specialized equipment sector experienced a decline of 0.67% on September 19, with Li Hexing leading the drop [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Top Performers - Weipai Ge (603956) saw a significant increase of 10.04%, closing at 7.34 with a trading volume of 1,001,300 shares and a transaction value of 715 million [1] - Haoyang Co. (300833) and Ruitong Co. (603036) also performed well, with increases of 10.03% and 10.02%, respectively [1] Underperformers - Li Hexing (301013) led the declines with a drop of 8.96%, closing at 26.61 with a trading volume of 829,800 shares and a transaction value of 2.269 billion [2] - Other notable decliners included Jack Technology (603337) and Gaochao Co. (300499), with decreases of 8.06% and 7.33% respectively [2] Capital Flow - The specialized equipment sector saw a net outflow of 2.428 billion from institutional investors, while retail investors contributed a net inflow of 1.832 billion [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Weipai Ge (603956) had a net inflow of 2.19 billion from institutional investors, but faced a net outflow of 662.88 million from retail investors [3] - Other stocks like Kexin Electromechanical (300092) and Zhongchuang Zhiling (601717) also experienced varying degrees of net inflows and outflows from different investor types [3]

Market Overview - The Shanghai Composite Index closed at 3820.09 points, below the five-day moving average, with a decline of 0.30% [1] - The total trading volume of A-shares reached 23494.13 billion [1] Stocks Performance - A total of 489 A-shares broke through the five-day moving average today [1] - Stocks with significant deviation rates include: - Green Island Wind (14.12%) - Tianshan Electronics (13.76%) - Yuma Technology (13.62%) [1] Top Gainers - The top three stocks with the highest daily gains are: - Green Island Wind: +20.01% with a turnover rate of 9.61% [1] - Tianshan Electronics: +19.98% with a turnover rate of 28.46% [1] - Yuma Technology: +20.02% with a turnover rate of 15.56% [1] Additional Notable Stocks - Other notable stocks that recently crossed the five-day moving average include: - Infitec: +14.14% [1] - Wanlima: +11.62% [1] - Wuxin Tunnel Equipment: +11.57% [1] - Stocks with smaller deviation rates that just crossed the five-day moving average include: - Langke Technology: +10.03% [1] - Morningstar Aviation: +10.00% [1] - Baiyun Airport: +10.00% [1] [2]

Market Overview - The Shanghai Composite Index closed at 3817.23 points, below the five-day moving average, with a decline of 0.38% [1] - The total trading volume of A-shares reached 1,922.39 billion yuan [1] Stocks Performance - A total of 365 A-shares broke through the five-day moving average today [1] - The stocks with the largest deviation rates include: - Green Island Wind (14.12%) - Yuma Technology (13.62%) - Tianshan Electronics (10.03%) [1] - Stocks with smaller deviation rates that just crossed the five-day moving average include: - Huaguang Source Sea - Guangli Technology - Taiji Co., Ltd. [1] Notable Stocks - Green Island Wind (301043) saw a price increase of 20.01% with a turnover rate of 9.51% [1] - Yuma Technology (300993) increased by 20.02% with a turnover rate of 15.44% [1] - Tianshan Electronics (301379) rose by 14.95% with a turnover rate of 20.34% [1] - Other notable stocks include: - Wanlima (300591) up by 13.05% - Wuxin Tunnel Equipment (835174) up by 13.20% [1]

证券代码：300833 证券简称：浩洋股份 公告编号：2025-048 届时公司董事长兼总经理蒋伟楷先生、财务总监许凯棋先生、董事会秘书 劳杰伟先生和独立董事杨雄文先生将在线就公司 2025 年半年度业绩、公司治理、 经营状况和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与。 特此公告。 广州市浩洋电子股份有限公司 董事会 2025 年 9 月 15 日 广州市浩洋电子股份有限公司 关于参加 2025 年广东辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，广州市浩洋电子股份有限公司（以下 简称"公司"）将参加由广东证监局、广东上市公司协会与深圳市全景网络有限 公司联合举办的"向新提质 价值领航--2025 年广东辖区投资者集体接待日暨辖 区上市公司中报业绩说明会"，现将相关事项公告如下： 本次投资者网上集体接待日活动将采用网络远程的方式举行，投资者可登 录"全景路演"网站（https://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 ...

Investment Rating - The report maintains a strong buy recommendation for the industry, highlighting specific companies such as Juxing Technology, QuanFeng Holdings, Jack Technology, and Honghua Digital Science as key investment opportunities [4][9]. Core Insights - The overall revenue growth rate for the sample companies in the first half of 2025 was 15.04%, while the net profit growth rate was 23.34%, indicating that profit growth outpaced revenue growth [3][15]. - The average gross margin for the sample companies in the first half of 2025 was 30.95%, a slight decrease of 0.53 percentage points year-on-year, while the average net margin increased by 0.96 percentage points to 14.15% [3][21]. - Cash flow conditions improved significantly, with operating net cash flow rising from 5.384 billion in the first half of 2024 to 6.978 billion in the first half of 2025 [3][21]. Summary by Sections 1. Overview of Consumer Goods Export Chain Companies - The report analyzes 21 companies in the mechanical industry that primarily serve the C-end consumer market or manufacture products for C-end consumption, with a significant portion of their revenue coming from overseas markets [2][12]. 2. Stock Performance - Stock performance showed significant differentiation, with companies in the garden tools and two-wheeler sectors performing well. Notable performers in Q1 2025 included Jiexing Technology and QuanFeng Holdings, driven by the robotics sector [7][13]. 3. Profit Growth Outpacing Revenue Growth - The report notes that several companies experienced revenue growth exceeding 20%, including Daya Co. with a 132.3% increase in revenue due to seasonal demand and acquisitions [15][16]. 4. Profitability Improvement - Most sample companies demonstrated strong profitability, with net profit margins increasing year-on-year. Companies like Yindu Co. and Honghua Digital Science reported high net margins of 24.3% and 25.47%, respectively [21][22]. 5. Cash Flow Status - The cash flow situation for the sample companies is reported to be good, with a net cash ratio consistently above 1, indicating healthy cash flow management [3][21]. 6. Future Outlook - The report emphasizes the importance of monitoring tariff and interest rate changes, which could catalyze demand in certain sub-industries. The anticipated interest rate cuts in the U.S. are expected to enhance demand elasticity for related products [8][9]. 7. Investment Recommendations - The report suggests focusing on companies with advanced global layouts that are likely to gain market share amid tariff changes. Specific recommendations include Juxing Technology, QuanFeng Holdings, and Jack Technology [8][9].