Core Viewpoint - Heng Er Da is accelerating the resolution of high-precision thread grinding machine localization, specialization, and automated assembly processes necessary for the large-scale production of planetary roller screws, indicating a strategic shift towards domestic manufacturing capabilities in high-end equipment [1][4]. Company Development - Since its establishment in 1995, Heng Er Da has evolved from innovations in metal materials and heat treatment processes to become a leading manufacturer of die-cutting and sawing tools, ranking first and second in the industry respectively [2]. - The company has enhanced its research and manufacturing capabilities in the planetary roller screw sector through overseas acquisitions and domestic technology integration, successfully entering the humanoid robot market [2][8]. Acquisition and Integration - In May, Heng Er Da acquired SMS Maschinenbau GmbH, a German precision grinding machine manufacturer, to obtain essential thread grinding technology and high-precision thread grinding machines for planetary roller screw production [2][4]. - The acquisition allows Heng Er Da to leverage SMS's expertise and technology, particularly in high-precision internal and external thread processing, which is critical for the performance and reliability of planetary roller screws [4][8]. Research and Development - Heng Er Da has established a European R&D design center for grinding machines and rolling components, focusing on product design, processing technology, and specialized grinding machines for humanoid robot applications [3][8]. - The company is collaborating with Northwestern Polytechnical University to develop domestic and specialized thread grinding machine technology for planetary roller screws, aiming to enhance processing precision and efficiency [6][7]. Market Demand and Challenges - The market demand for planetary roller screws has surged with the release of Tesla's humanoid robot, which is currently dominated by international giants, highlighting a significant opportunity for domestic alternatives [4]. - The precision processing of planetary roller screws is heavily reliant on high-precision grinding machines and advanced internal thread processing techniques, which are currently bottlenecks in domestic production capabilities [4][8]. Automation and Production Capacity - Heng Er Da is working with Xi'an Wangteng Information Technology Co., Ltd. to establish a joint venture aimed at automating the assembly of planetary roller screws, addressing challenges in production efficiency and cost [7][8]. - The company is building a comprehensive capability covering core equipment, key processes, and large-scale manufacturing to support the domestic production of planetary roller screws [8].

Core Points - The Shanghai Composite Index closed at 3859.62 points, above the five-day moving average, with a slight increase of 0.16% [1] - A total trading volume of A-shares reached 1,555.781 billion yuan, with 655 A-shares breaking through the five-day moving average [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the five-day moving average are: - Ha Huanhua (301137) with a deviation rate of 15.31% and a price increase of 19.99% [2] - Naipu Mining (300818) with a deviation rate of 15.09% and a price increase of 19.99% [2] - Yi Wang Yi Chuang (300792) with a deviation rate of 13.35% and a price increase of 19.99% [2] Trading Metrics - The trading turnover rates for the top three stocks with the highest deviation rates are: - Ha Huanhua (301137) at 11.45% [2] - Naipu Mining (300818) at 11.58% [2] - Yi Wang Yi Chuang (300792) at 16.97% [2] Additional Stocks - Other notable stocks with significant performance include: - Heng Er Da (300946) with a deviation rate of 13.19% and a price increase of 17.77% [2] - Ningbo Construction (601789) with a deviation rate of 8.35% and a price increase of 9.96% [2] - Jiaze New Energy (601619) with a deviation rate of 7.69% and a price increase of 9.98% [2]

Market Overview - The Shanghai Composite Index is at 3854.14 points, slightly above the five-day moving average, with a change of 0.01% [1] - The total trading volume of A-shares is 1,140.591 billion yuan [1] Stocks Performance - A total of 796 A-shares have surpassed the five-day moving average today [1] - Stocks with significant deviation rates include: - HaHuanHuaTong (15.31% deviation) with a price increase of 19.99% and a turnover rate of 11.08% [1] - NaiPuMiner (15.09% deviation) with a price increase of 19.99% and a turnover rate of 11.23% [1] - YiWangYiChuang (12.15% deviation) with a price increase of 18.36% and a turnover rate of 14.41% [1] Additional Notable Stocks - HengErDa shows a 9.05% deviation with a price increase of 12.27% [1] - NingBoJianGong has a deviation of 8.35% with a price increase of 9.96% [1] - Other stocks with notable performance include JiaZeXinNeng (7.69% deviation) and GuangDianDianQi (7.67% deviation) [1]

（文章来源：证券日报） 证券日报网讯 9月22日晚间，恒而达发布公告称，公司2025年第一次临时股东大会审议通过了《关于变 更注册资本、增加经营范围、修改并办理变更登记的议案》，同意根据经营需要及《关于新配套制度规 则实施相关过渡期安排》《上市公司章程指引》等规定变更公司注册资本、经营范围及对《公司章程》 的部分条款进行修改。近日，公司完成了注册资本、经营范围的变更及《公司章程》备案等登记手续， 并领取了莆田市市场监督管理局换发的《营业执照》。本次变更后，公司注册资本由120，006，000元 变更为156，007，800元，经营范围增加"机械设备租赁"项目。 ...

证券代码：300946 证券简称：恒而达 编号：2025-047 福建恒而达新材料股份有限公司 关于完成公司注册资本、经营范围变更登记的公告 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。 福建恒而达新材料股份有限公司（以下简称公司）2025年第一次临时股东大 会审议通过了《关于变更注册资本、增加经营范围、修改<公司章程>并办理变 更登记的议案》，同意根据经营需要及《关于新<公司法>配套制度规则实施相 关过渡期安排》《上市公司章程指引》等规定变更公司注册资本、经营范围及对 《公司章程》的部分条款进行修改，具体内容详见公司于2025年8月29日在巨潮 资讯网（www.cninfo.com.cn）披露的《关于变更注册资本、增加经营范围、修 改<公司章程>并办理变更登记及修改、制定公司部分治理制度的公告》（公告 编号：2025-042）。 近日，公司完成了注册资本、经营范围的变更及《公司章程》备案等登记手 续，并领取了莆田市市场监督管理局换发的《营业执照》。本次变更后，公司注 册资本由120,006,000元变更为156,007,800元，经营范围增加"机械设备租赁 ...

Group 1 - The core viewpoint of the news is that Heng Er Da's stock price has declined by 5.04% to 55.41 CNY per share, with a total market capitalization of 8.644 billion CNY as of the report date [1] - Heng Er Da, established on November 20, 1995, specializes in the research, production, and sales of metal cutting tools and supporting intelligent CNC equipment, with its main business revenue composition being: die-cutting tools 42.21%, sawing tools 38.74%, rolling functional components 12.79%, intelligent CNC equipment 3.34%, and others 2.92% [1] Group 2 - From the perspective of fund holdings, one fund under Hive Fund has a significant position in Heng Er Da, with 6,000 shares held, accounting for 2.38% of the fund's net value, ranking as the ninth largest holding [2] - The Hive Advanced Manufacturing Mixed Initiation A Fund (019006) was established on August 16, 2023, with a latest scale of 11.7676 million CNY, and has achieved a year-to-date return of 41.98%, ranking 1517 out of 8172 in its category [2] Group 3 - The fund managers of Hive Advanced Manufacturing Mixed Initiation A are Wu Qiong and Sun Ke, with Wu Qiong having a cumulative tenure of 2 years and 36 days, and Sun Ke having a tenure of 254 days [3] - The total asset scale of the fund is 11.8569 million CNY, with Wu Qiong achieving a best fund return of 35.96% and a worst return of 34.84% during his tenure, while Sun Ke achieved a best return of 44.21% and a worst return of 43.83% [3]

证券日报网讯 9月15日晚间，恒而达发布公告称，因公司治理结构调整，林正雄先生于近日申请辞去公 司第三届董事会非独立董事、第三届董事会战略委员会委员职务，辞去上述职务后林正雄先生仍在公司 担任副总经理职务。公司于2025年9月15日召开职工代表大会，同意选举苏剑雄先生为公司第三届董事 会职工代表董事，任期自本次职工代表大会选举通过之日起至第三届董事会届满之日止。 （文章来源：证券日报） ...

Group 1 - The company Heng Er Da (SZ 300946) held its third board meeting on September 15, 2025, in Putian, Fujian, to discuss the election of new members to the strategic committee [1] - For the fiscal year 2024, Heng Er Da's revenue composition is as follows: 87.96% from the metal products industry and 12.04% from general equipment manufacturing [1] - As of the report date, Heng Er Da has a market capitalization of 8.5 billion yuan [1]

证券代码：300946 证券简称：恒而达 编号：2025-045 福建恒而达新材料股份有限公司 关于非独立董事辞任暨选举职工代表董事的公告 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、关于非独立董事辞任的情况 附件：苏剑雄先生简历 苏剑雄，男，中国国籍，无境外永久居留权，1983年3月出生，大专学历， 2006年10月至今在公司任职，现任公司锯切工具业务负责人、职工代表董事。 截至本公告披露日，林正雄先生直接持有公司股票3,510,000股，其配偶及其 他关联人未持有公司股票，其辞去公司董事职务后仍需遵守《上市公司股东减持 股份管理暂行办法（2025年修订）》《上市公司董事和高级管理人员所持本公司 股份及其变动管理规则》等规定要求，不存在应当履行而未履行的承诺事项。 二、关于职工董事选举的情况 为进一步完善公司治理结构，根据《中华人民共和国公司法》《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》和《公司章程》 等有关规定，公司于2025年9月15日召开职工代表大会，经全体与会职工代表认 真审议并表决，一致同意选举苏剑雄先生为公司 ...

关于福建恒而达新材料股份有限公司 2025 年第一次临时股东大会的 法 律 意 见 书 福建至理律师事务所 地址：中国福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 邮政编码：350025 电话：（86 591）8806 5558 传真：（86 591）8806 8008 网址：http://www.zenithlawyer.com 1 福建至理律师事务所 关于福建恒而达新材料股份有限公司 2025 年第一次临时股东大会的法律意见书 闽理非诉字〔2025〕第 201 号 致：福建恒而达新材料股份有限公司 福建至理律师事务所（以下简称本所）接受福建恒而达新材料股份有限公司 （以下简称公司）之委托，指派蒋浩、谢婷律师出席公司 2025 年第一次临时股 东大会（以下简称本次会议），并依据《中华人民共和国公司法》（以下简称《公 司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上市公司股 东会规则》（中国证券监督管理委员会公告〔2025〕7 号）、《深圳证券交易所 上市公司股东会网络投票实施细则(2025 年修订)》（深证上〔2025〕223 号，以 下简称《网络投票实施细则》）等有关法律、法规 ...