证券代码：300946 证券简称：恒而达 编号：2025-027 福建恒而达新材料股份有限公司 关于公司2024年年度权益分派实施的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、权益分派方案的基本情况 1．福建恒而达新材料股份有限公司（以下简称公司、恒而达）于2025年5月 15日召开2024年年度股东大会，审议通过了公司2024年年度权益分派方案：以公 司现有总股本120,006,000股为基数，向全体在册股东每10股派发现金股利1.50元 （含税）的同时以公司股票发行溢价收入所形成的资本公积金每10股转增3股， 具体内容详见公司于2025年4月19日在巨潮资讯网（www.cninfo.com.cn）披露的 《关于2024年度利润分配和资本公积金转增股本方案的公告》（公告编号：2025- 008）。 公司2024年年度权益分派方案为：以公司现有总股本120,006,000股为基数， 向全体在册股东每10股派1.50元人民币现金，合计共派发现金红利18,000,900.00 元（含税；扣税后，QFII、RQFII以及持有首发前限售股的个人和证券投资 ...

证券代码：300946 证券简称：恒而达 编号：2025-026 福建恒而达新材料股份有限公司 关于收购SMS Maschinenbau GmbH相关资产进展的 公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 2025年5月8日，福建恒而达新材料股份有限公司（以下简称公司）与德国SMS Maschinenbau GmbH（以下简称SMS公司）签署了《资产购买协议》，协议约定 公司以现金方式收购SMS公司名下包括高精度数控磨床业务在内的所有业务，并 承接其相关资产（包括但不限于与研发、生产及销售相关的存货、技术设备、办 公设备、土地房屋、商标专利及其他无形资产）、特定合同权利义务及相关人员 （以下简称目标资产），交易对价850万欧元。上述事项详见公司于2025年5月10 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于收购SMS Maschinenbau GmbH 相关资产的公告》（公告编号：2025-022）。 根据《深圳证券交易所创业板股票上市规则》及《公司章程》等有关规定， 现将上述事项的相关进展公告如下： 2．《境外投资项目备案通知 ...

Group 1 - The core viewpoint of the news is that Zhongrui Heyin, a well-known private equity firm, has conducted research on a listed company, Hengerdai, which has a wide application of its linear guide products in various industries [1] - Hengerdai's linear guide products are utilized in laser processing equipment, 3C equipment, photovoltaic equipment, CNC machine tools, and automated production lines [1] - The acquisition of SMS Company by Hengerdai requires approval and registration from relevant business and development departments, with further progress to be disclosed legally [1] Group 2 - SMS Company's clients include tool manufacturing and gear processing sectors, with notable companies such as Sandvik and EMUGE-Werk [1] - In the short term, Hengerdai will assist SMS Company in resuming production operations and advancing the localization of the supply chain in China [1] - SMS Company does not directly compete with companies like Leishauer and Klingberg, but provides maintenance and repair services for grinding machines [1]

Group 1 - The article highlights that in the past 10 days (from May 6 to May 19), overseas institutions conducted research on 115 listed companies, with BeiGene being the most focused, receiving attention from 95 overseas institutions [1] - A total of 552 companies were researched by institutions in the same period, with securities companies conducting research on 489 companies, accounting for the majority [1] - The average stock price of companies researched by overseas institutions increased by 4.42% over the past 10 days, with Heng Er Da showing the highest increase of 135.87% [1] Group 2 - The table lists companies that received overseas institutional research, showing their stock codes, names, number of overseas institutions involved, latest closing prices, and percentage changes in stock prices [2][3][4] - Among the companies, Heng Er Da had the highest increase, while Fu Guang Co. experienced the largest decline of 12.98% [1][4] - The data indicates a diverse range of industries represented among the researched companies, including machinery, defense, pharmaceuticals, electronics, and more [1][2][3][4]

Core Viewpoint - The industrial mother machine industry is poised for high-quality development, with significant growth potential driven by the demand for humanoid robots and the need for equipment upgrades in downstream industries [2][4][10]. Group 1: Policy and Industry Development - The Ministry of Industry and Information Technology (MIIT) emphasizes the importance of high-quality development in the industrial mother machine sector, aiming to avoid "involution" and homogeneous competition [2][3]. - A strategic cooperation agreement was signed between the National Industrial Mother Machine Industry Investment Fund and local industrial departments to promote the clustering and upgrading of the industrial mother machine industry [3]. - The industrial mother machine market is characterized by overcapacity in the low-end market and heavy reliance on imports in the high-end market, indicating a need for domestic innovation and production [3][4]. Group 2: Market Opportunities and Growth Drivers - The upgrade of downstream industries and policies promoting equipment renewal are accelerating the localization of high-end machine tools [4][8]. - The automotive and aerospace industries are significant growth drivers for domestic high-end machine tools, with the automotive sector showing notable demand due to the rapid growth of new energy vehicles [6][8]. - The industrial mother machine market is projected to exceed 300 billion yuan by 2025, with an expected increase in the import substitution rate in high-end fields to over 25% [9]. Group 3: Humanoid Robots and Equipment Demand - The mass production of humanoid robots is expected to drive demand for core components, with machine tools playing a crucial role in the production of these components [10][13]. - The estimated market space for machine tools related to humanoid robots could reach 23.54 billion yuan with the production of 1 million units [14]. - Key components such as harmonic reducers and planetary screw rods are essential for humanoid robots, indicating a strong correlation between the growth of humanoid robots and the demand for industrial mother machines [12][14]. Group 4: Investment Recommendations - Companies such as Qin Chuan Machine Tool, Huachen Equipment, and others are highlighted as potential investment opportunities in the industrial mother machine sector [15][16]. - The expansion of the humanoid robot market is expected to enhance the profitability of industrial mother machine companies through cost dilution and scale effects [16].

Group 1: Company Overview and Acquisition - Fujian Heng'erda New Materials Co., Ltd. is in the process of acquiring SMS Maschinenbau GmbH, which includes high-precision CNC grinding machines and all related businesses [2] - The acquisition requires necessary approvals from the Ministry of Commerce and the National Development and Reform Commission before completion [4] Group 2: Product Applications and Market Presence - The company's linear guide products are utilized in various sectors, including laser processing equipment, 3C devices, photovoltaic equipment, CNC machine tools, and automation production lines [3] - SMS has established a global customer network, serving leading companies in tool manufacturing and precision component production, including Sandvik, EMUGE-Werk, and Gleason [5] Group 3: Short-term Development Plans - Heng'erda aims to assist SMS in resuming normal production operations, with plans for a dedicated team to facilitate the localization of the supply chain in China [6] - SMS has sent procurement lists and technical documents to Heng'erda to expedite collaboration [6] Group 4: Business Outlook and Relationships - The company anticipates accelerating the integration of SMS's core technology assets and market channels to enhance performance in the second half of the year [7] - SMS maintains service relationships with Reishauer and Klingelnberg, providing maintenance and repair services without direct competition [9]

随着中美关税冲突缓和，公募基金调研节奏显著加快。高端制造、半导体、医疗健康三大领域成为资金聚焦的 核心赛道，百济神州- U（688235.SH）、安集科技（688019.SH）、恒而达（300946.SZ）等龙头企业获超 200 家机构扎堆调研，凸显机构对技术突破与政策红利的强烈关注。 鹏华基金闫思倩、景顺长城基金农冰立等明星基金经理现身恒而达调研现场，闫思倩、申万菱信基金付娟、华 泰柏瑞基金赵楠共同调研祥鑫科技（002965.SZ），显示出基金经理对先进制造企业的密集关注。 硬科技公司获基金经理调研 数据显示，5月以来公募基金调研呈现"量质齐升"特征。 5月以来，A股市场机构调研热度持续攀升，已有超2000家上市公司获调研。其中，公募基金调研节奏显著 加快。 券商中国记者注意到，2025年5月以来，公募基金对上市公司的调研活动呈现显著的结构性分化，高端制造、 半导体及医疗健康领域成为机构资金布局的核心方向。数据显示，工业机械、半导体设备及创新药企的调研频 次占比超六成，头部企业的技术突破与政策红利成为基金经理关注的重点方向。 从行业分布看，机构调研呈现鲜明的赛道偏好，计算机、通信和其他电子设备制造业以超过3 ...

Market Overview - A-shares experienced an overall increase in the past week (May 12 - May 16), with the Shanghai Composite Index closing at 3367.46 points, up 0.76% for the week [2] - The Shenzhen Component Index closed at 10179.6 points, up 0.52%, while the ChiNext Index closed at 2039.45 points, up 1.38% [2] - 52% of stocks saw gains during the week, with 122 stocks rising over 15% and 20 stocks declining over 10% [2] Top Performing Stocks - Heng Er Da (300946.SZ) led the weekly gainers with a remarkable increase of 95.93%, followed by Guo Hang Yuan Yang (833171.BJ) with an 89.30% rise [4] - Other notable gainers included Cheng Fei Ji Cheng (002190.SZ) and Li Jun Co., Ltd. (002651.SZ), both achieving over 58% weekly growth [4] Company Acquisition - Heng Er Da announced the acquisition of SMS Maschinenbau GmbH's high-precision CNC grinding business for €850,000 (approximately 69.36 million RMB), funded through self-owned or raised capital [8] - The acquisition aims to enhance the company's product matrix in intelligent CNC equipment and improve overall technical capabilities [10] Company Performance - As of May 16, Heng Er Da's stock price reached 80.00 RMB per share, with a total market capitalization of 9.6 billion RMB [6] - The company plans to collaborate with SMS's existing team to localize production in China, focusing on the development and industrialization of rolling function components [9] Underperforming Stocks - ST Lingnan (002717.SZ) was the worst performer, with a weekly decline of 22.75%, attributed to significant financial losses and operational challenges [12] - The company reported a revenue drop of 59.55% year-on-year, with a net loss of 984 million RMB, exacerbated by issues related to fund occupation by the former actual controller [15][16]

Core Viewpoint - Anji Technology (688019) has become the most researched stock in the past week, with 241 institutions participating in the survey, indicating strong interest and confidence in the company's growth prospects [1][4]. Group 1: Company Developments - Anji Technology has completed the platform construction for electroplating liquids and additives used in integrated circuit manufacturing and advanced packaging, which strengthens its position in the wafer-level packaging sector and expands into upstream applications [1]. - The company reported smooth progress in local production and supply of electroplating liquids for 2024, with ongoing development and validation of advanced packaging tin-silver electroplating [1]. - Anji Technology has strategically upgraded its functional wet electronic chemicals segment, aiming to become a market leader and overcome technological challenges, with rapid growth in products like post-etch cleaning liquids and post-polishing cleaning liquids [1]. Group 2: Stock Performance - Anji Technology's stock price has seen a significant increase, with a cumulative rise of nearly 16% in 2023 and approximately 14% in 2024, totaling over 28% this year [2]. - The average increase for stocks under institutional research was 1.45%, with notable performers like Heng Erda and Guohang Ocean, which saw substantial price increases [7]. Group 3: Institutional Interest - In the past week, Anji Technology led with 241 institutions conducting research, followed closely by Heng Erda with 239 institutions [4]. - Other companies like Haitai New Light and Naipu Mining also attracted significant institutional attention, indicating a broader interest in the sector [4].

Group 1: Acquisition Overview - The company acquired SMS Maschinenbau GmbH's high-precision CNC grinding business due to SMS's financial difficulties and operational pressures, which led to its self-managed bankruptcy process starting in February 2025 [3][4]. - The acquisition was structured as an asset purchase rather than a stock purchase, allowing the company to avoid potential liabilities and legal disputes while ensuring the acquisition of core technologies and operational systems [4][5]. Group 2: Strategic Rationale - The acquisition aligns with the company's long-term commitment to intelligent CNC equipment, addressing the challenges in the domestic high-precision grinding machine manufacturing sector [3]. - The company aims to enhance its product offerings in the screw rod component business by overcoming technical and supply bottlenecks related to high-precision thread grinding machines [3]. Group 3: Valuation and Selection Criteria - The acquisition price was determined based on the net asset value of SMS, ensuring a complete transfer of assets, employees, technologies, and customer networks [4][5]. - SMS chose the company due to its technological advantages, strategic alignment, and commitment to maintaining SMS's existing organizational structure and workforce [5][6]. Group 4: Operational Integration - The company has committed to retaining SMS's current management and staff to ensure stability during the transition and support long-term development [6][7]. - Future salary arrangements for SMS employees will comply with German labor laws and industry regulations [7]. Group 5: Technological Capabilities - SMS is recognized for its expertise in CNC thread grinding, having developed one of the earliest CNC thread grinding machines and offering a range of grinding tools for internal and external threads [8][9]. - The product range includes various models for internal and external thread grinding, as well as specialized tools for gear cutting and thread processing [8][9]. Group 6: Supply Chain and Production - The company has established a dedicated team to assist SMS in integrating into the Chinese supply chain, which is largely capable of meeting SMS's procurement needs [11]. - The company is actively advancing its screw rod product development and will leverage SMS's high-precision grinding equipment for process validation [12].