证券代码：300946 证券简称：恒而达 编号：2025-024 福建恒而达新材料股份有限公司 关于股票交易异常波动及严重异常波动暨风险提示 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、完整，没有 虚假记载、误导性陈述或重大遗漏。 基 本 面 未 发 生 重 大 变 化 。 公司于 2025 年 4 月 19 日 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露了《2024年年度报告》（公告编号：2025-006）， 公司2024年度实现营业收入58,523.24万元，同比增长7.88%；归属于公司股东的 净利润8,731.23万元，同比增长0.03%。公司于2025年4月29日在巨潮资讯网 （www.cninfo.com.cn）披露了《2025年第一季度报告》（公告编号：2025- 019），公司2025年第一季度实现营业收入15,030.35万元，同比增长2.04%；归 属于公司股东的净利润2,001.98万元，同比减少29.86%。公司基本面未发生重大 变化，公司郑重提醒广大投资者注意股票交易非理性炒作风险。 重大事项说明。经公司自查并向控股股东、实际控制人核实，截至本公 ...

恒而达（300946）公告，公司股票连续2个交易日(2025年5月13日、2025年5月14日)内收盘价格涨幅偏 离值达43.81%，属于股票交易异常波动情形。根据《深圳证券交易所交易规则》的有关规定，公司股 票连续8个交易日(2025年4月30日至2025年5月14日)收盘价格涨幅偏离值达114.33%，属于股票交易严重 异常波动情形。公司基本面未发生重大变化，公司郑重提醒广大投资者注意股票交易非理性炒作风险。 ...

Group 1: Investor Relations Activity - The company participated in the "2025 Fujian Listed Companies Investor Online Reception Day" and held the "2024 Annual Performance Briefing" to enhance interaction with investors [2] - The event was conducted online on May 14, 2025, from 15:30 to 17:00 [2] - Company representatives included the Chairman and General Manager, Mr. Lin Zhenghua, and other key executives [2] Group 2: Acquisition of SMS Company - The acquisition of SMS Company involved a complete asset transfer rather than a share transaction, allowing for a thorough integration of SMS's business and assets [3] - This method mitigates potential legal and debt risks, facilitating a quicker integration process [3][5] - The acquisition is expected to optimize the company's financial structure and provide a stable transition for future development [5] Group 3: Localization and Supply Chain Integration - SMS plans to send procurement lists and technical documents to the company, which will form a dedicated team for local supply chain integration [4] - SMS will dispatch 1-2 technical experts to collaborate with the company's existing team for testing and prototype development of localized products [4] Group 4: Production and Market Strategy - The company will evaluate the necessity of expanding production based on order volume and market trends [6] - Any expansion will combine purchased and self-developed equipment, aligned with market positioning [6] - The company aims to leverage SMS's technology to accelerate the development and market penetration of ball screw products [8] Group 5: Regulatory and Operational Risks - The acquisition is subject to approval from relevant government departments, which may introduce uncertainties [9] - The company has disclosed the acquisition progress and risks in its announcements [10] Group 6: Future Orders and Market Expansion - The company anticipates actively integrating SMS's resources to explore new markets, with specific performance data to be disclosed in future announcements [11]

Core Viewpoint - The recent surge in Hengda's stock price, which has increased over 100% in the last five trading days and over 171% since April 9, is primarily driven by the announcement of the acquisition of SMS's high-precision CNC grinding business for €8.5 million (approximately ¥69.36 million) [1][3]. Group 1: Acquisition Details - Hengda announced on May 10 its intention to acquire the high-precision CNC grinding business from the German company SMS, along with related assets, specific contractual rights and obligations, and personnel [3]. - SMS, founded in 1995, initially focused on the CNC retrofitting of mechanical thread grinding machines and shifted its focus to the research and manufacturing of CNC thread grinding machines in 2006 [5]. - The acquisition was competitive, with Hengda emerging victorious among over ten international companies after three rounds of bidding [7]. Group 2: Strategic Importance - The acquisition aims to enrich Hengda's product matrix in intelligent CNC equipment and significantly enhance the overall technical level of the company's industrial mother machines [10]. - Hengda has been actively promoting the development of rolling function components, including ball screw assemblies and planetary roller screw assemblies, which are crucial in high-tech fields such as humanoid robots and automotive applications [9]. Group 3: Future Plans - SMS plans to collaborate with Hengda to advance localization efforts in China, including sending procurement lists and technical documents to facilitate the integration of the Chinese supply chain [11]. - Hengda is set to establish a dedicated team to work with SMS on local production planning, including testing and trial production of domestically manufactured models [11]. - Projections indicate that Hengda's revenue will reach ¥700 million and ¥754 million in 2026 and 2027, respectively, with a year-on-year growth of 10% and 8% [11].

Market Performance - A-shares experienced a strong rally on May 14, with the Shanghai Composite Index rising over 1% to reclaim the 3400-point mark, while the ChiNext Index increased by approximately 2% before slightly retreating [1] - The Shanghai Composite Index closed up 0.86% at 3403.95 points, the Shenzhen Component Index rose 0.64% to 10354.22 points, and the ChiNext Index gained 1.01% to 2083.14 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 135.01 billion yuan, an increase of 23.9 billion yuan compared to the previous day [1] Sector Performance - The financial sector saw a collective surge, with notable stocks such as China Pacific Insurance and Hongta Securities hitting the daily limit, while Agricultural Bank of China and Shanghai Bank reached new highs during the session [1][4] - The shipping sector also showed significant activity, with stocks like Ningbo Shipping and Nanjing Port achieving consecutive gains [1] - The rare earth sector experienced a rise, with Guangsheng Nonferrous Metals hitting the daily limit and Jiuling Technology increasing over 12% [1] Hong Kong Market - In the Hong Kong market, Tencent Music surged nearly 13%, while Hongye Futures and China Life rose over 12% and 6%, respectively [2] - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio for financial institutions, effective May 15 [2] Financial Sector Details - The insurance, brokerage, and banking sectors showed strong performance, with Hongta Securities and Jinlong Co. hitting the daily limit, and Guangfa Securities rising over 7% [4] - The banking sector remained active, with Ningbo Bank and Zhengzhou Bank increasing over 3%, and several banks reaching new highs during the session [6] Chemical Fiber Sector - The chemical fiber sector saw significant gains, with stocks like Jilin Carbon Valley rising over 20% and Huayuan New Materials increasing approximately 15% [9] - Jilin Chemical Fiber announced a price increase for its wet 3k carbon fiber products due to high demand, with prices rising by 10,000 yuan per ton [10] Cross-Border E-commerce - The cross-border e-commerce sector experienced a surge, with stocks like Huaguang Source Sea hitting the daily limit and Heng'erda achieving consecutive gains [13] - The U.S. government announced a reduction in tariffs on small packages, which is expected to alleviate cost pressures for cross-border e-commerce businesses [15]

Group 1: Acquisition Overview - Heng Er Da's acquisition of SMS Maschinenbau GmbH involves the complete transfer of all assets and business operations, ensuring a thorough integration without legal or debt risks [3] - The acquisition was executed through a direct asset transfer model rather than a stock transaction, allowing for rapid consolidation of SMS's business and assets [3] Group 2: Product Applications and Client Network - SMS's product range includes high-precision CNC grinding machines for various applications, such as internal and external thread grinding, and gear cutting tools [4][5] - The company has established a global customer network, serving leading firms in tool manufacturing and precision component production [5] Group 3: Strategic Alignment and Management Stability - SMS chose Heng Er Da due to its technological advantages and understanding of grinding processes, which align with SMS's operational needs [6][7] - The existing management structure and workforce of SMS will be retained to ensure stability during the transition [7] Group 4: Localization and Supply Chain Development - Heng Er Da plans to assist SMS in localizing production in China, with a dedicated team to facilitate supply chain integration [8] - SMS aims to send procurement lists and technical documents to Heng Er Da to expedite the localization process [8] Group 5: Future Product Development and Market Strategy - SMS recognizes the importance of the Chinese market and is working on localizing its products to meet regional demands [9] - The company is developing a specialized small screw thread grinding machine, with plans to introduce more targeted products based on market needs [11] Group 6: Brand Continuity and Competitive Landscape - Following the acquisition, SMS will transfer all business assets, including trademarks and patents, to a new company, ensuring brand continuity [12] - Currently, SMS does not face direct competition from companies like Reishauer and Klingelnberg [13] Group 7: Technological Advancements in Screw Products - Since 2006, SMS has focused on developing CNC thread grinding machines, leveraging its technological expertise to enhance product offerings [14] - Heng Er Da plans to accelerate the development and market penetration of screw products, building on its established sales network [14]

截至收盘，上证指数报收3374.87点，上涨0.17%；深证成指收于10288.08点，下跌0.13%；创业板指下 跌0.12%；科创50指数下跌0.15%。 两市涨停股一览 | 代码 | 简称 | 收盘价（元） | 换手率（%） | 涨停板封单（万股） | 封单资金（万元） | 行业 | | --- | --- | --- | --- | --- | --- | --- | | 002190 | 成飞集成 | 26.96 | 1.06 | 3829.45 | 103241.95 | 汽车 | | 603332 | 苏州龙杰 | 13.05 | 1.24 | 4984.91 | 65053.10 | 基础化工 | | 300946 | 恒而达 | 58.80 | 1.49 | 359.21 | 21121.73 | 机械设备 | | 000958 | 电投产融 | 7.15 | 3.75 | 2383.36 | 17041.02 | 非银金融 | | 002427 | 尤夫股份 | 7.10 | 10.37 | 2392.34 | 16985.58 | 基础化工 | | 000710 | 贝瑞基因 | 13. ...

5月13日涨停分析 今日共48股涨停，连板股总数11只，19股封板未遂，封板率为71%（不含ST股、退市股）。焦点股方面，军工板块成飞集成、利君股份、天箭科技均晋级5 连板，化工股红墙股份16天10板，高外销占比的华纺股份反包涨停走出6天5板。 | 股票名称 | 板数 | 涨跌幅 | 涨停时间 | 上涨逻辑 | | --- | --- | --- | --- | --- | | 宝馨科技 | 6天4板 | 9.93% | 09:42 | 机器人+光 | | 002514 | | | | 伏 | | 百达精工 | 4天3板 | 9.98% | 14:10 | 压缩机+光 | | 603331 | | | | 伏 | | 鑫磊股份 | 4天2板 | 20.00% | 14:22 | 压缩机+光 | | 301317 | | | | 伏 | | 集泰股份 | 首板 | 9.97% | 09:36 | 光伏+有机 | | 002909 | | | | 硅 | | 欧晶科技 | 首板 | 9.98% | 09:41 | 光伏+半导 | | 001269 | | | | 体 | | 泉运通 | 首板 | 10.14% | ...

A股跨境电商板块盘初活跃，恒而达20CM涨停，永艺股份涨停，天虹股份、富岭股份、华纺股份涨幅 居前。 ...

Core Viewpoint - The stock price of Hengerd (300946.SZ) surged, reaching a 20% limit up on May 12, with a 39% increase over the past three trading days, following the announcement of an acquisition deal with SMS Maschinenbau GmbH for its high-precision CNC grinding business for €8.5 million (approximately ¥69.36 million) [2][13]. Acquisition Details - Hengerd signed an asset purchase agreement with SMS Maschinenbau GmbH to acquire its high-precision CNC grinding business, including related assets, specific contractual rights and obligations, and personnel [2][3]. - The acquisition will be funded through Hengerd's own or self-raised funds, without involving share issuance or fundraising [3]. Company Performance - Hengerd's overseas revenue reached ¥78.67 million in 2024, marking a 46.35% year-on-year increase [11]. - The company reported a revenue of ¥585 million in 2024, a 7.88% increase, with a net profit of ¥87.31 million, showing a slight recovery [7]. Business Segments - In 2024, Hengerd's metal cutting tools business generated ¥495 million in sales, a 2.84% increase, while the intelligent CNC equipment business saw a 53.66% increase in sales to ¥35.53 million [8][9]. - The rolling functional components business achieved sales of ¥34.91 million, a 59.96% increase, with ongoing efforts to enhance product visibility and market influence [10]. International Strategy - The acquisition is expected to accelerate Hengerd's international expansion, establishing new overseas R&D and production bases, and enhancing its innovation capabilities in smart CNC equipment [5]. - Hengerd aims to build a business model of "European technology, Chinese manufacturing, global market" through this acquisition [5]. Profitability Metrics - Hengerd's gross margin for overseas operations was 42.55%, significantly higher than the domestic gross margin of 27.37% [11][12].