三、本持股计划拟定的参与对象范围符合《关于上市公司实施员工持股计划 试点的指导意见》《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》等有关法律、行政法规、规章、规范性文件规定的持有人条件， 其作为本持股计划持有人的资格合法、有效。 四、本持股计划的实施有利于完善公司劳动者与所有者的利益共享机制，实 现公司、股东和员工利益的一致性，促进各方共同关注公司的长远发展，提高公 司员工的凝聚力和公司竞争力，有助于进一步完善公司治理结构，健全公司激励 约束机制，推动公司长期、稳定、健康地发展。 综上所述，公司董事会薪酬与考核委员会认为实施本持股计划不会损害公司 及全体股东的利益，且符合公司长远发展的需要，一致同意实施本持股计划。 福建恒而达新材料股份有限公司（以下简称公司）第三届董事会薪酬与考核 委员会按照《中华人民共和国公司法》《中华人民共和国证券法》《关于上市公 司实施员工持股计划试点的指导意见》《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》等有关法律、行政法规、规章、规范性文 件及《公司章程》的规定，对《福建恒而达新材料股份有限公司第二期员工持股 计划（草案）》（以 ...

Group 1 - The company is progressing steadily with the industrialization of planetary roller screws and high-precision thread grinding machines, with initial mass production expected to be achieved in the first quarter [2] - Currently, the company is conducting thorough verification tests on trial samples as part of the production preparation process [2]

Core Viewpoint - The company, Heng Er Da (300946.SZ), forecasts a significant decline in net profit for the year 2025, with expected figures between 37 million to 40 million yuan, representing a year-on-year decrease of 54.19% to 57.62% [1] Group 1: Financial Performance - The projected net profit attributable to shareholders for 2025 is expected to be between 37 million to 40 million yuan, a decrease of 54.19% to 57.62% year-on-year [1] - The forecasted net profit after deducting non-recurring gains and losses is also expected to be between 37 million to 40 million yuan, reflecting a decline of 52.32% to 55.89% year-on-year [1] Group 2: Reasons for Performance Change - The company is increasing strategic investments, leading to a short-term rise in operating costs, particularly in R&D for rolling functional components and high-precision CNC grinding machines, resulting in a significant year-on-year increase in R&D and sales expenses [1] - The full acquisition of SMS Maschinenbau GmbH in May 2025 has incurred one-time costs such as intermediary service fees and travel expenses, contributing to a substantial increase in management expenses [1] - The integration benefits from the SMS acquisition have not yet materialized, as the company has incurred full operational costs without corresponding revenue from product deliveries due to long production cycles [1] Group 3: Asset Impairment and Future Outlook - The company has prudently recognized impairment provisions for accounts receivable, inventory, and fixed assets based on industry practices and the current phase of new business investments [2] - The significant decline in profit for 2025 is attributed to necessary and controllable cost increases related to forward-looking investments, which are expected to enhance the company's technical capabilities in high-precision rolling components and CNC machine tools, laying a solid foundation for future business growth [2]

Core Viewpoint - The company, Heng Er Da (300946.SZ), forecasts a significant decline in net profit for the year 2025, with an expected range of 37 million to 40 million yuan, representing a year-on-year decrease of 54.19% to 57.62% [1] Group 1: Reasons for Performance Changes - Strategic investments have led to a short-term increase in operating costs, as the company continues to enhance R&D in rolling functional components and high-precision CNC grinding machines, resulting in a substantial rise in R&D and sales expenses [2] - The acquisition of SMS Maschinenbau GmbH, a leading global thread grinding machine company, has incurred one-time costs such as intermediary service fees and travel expenses, contributing to a significant increase in management expenses [2] - The integration benefits from the SMS acquisition have not yet materialized, as the company has incurred full operational costs without corresponding revenue from product deliveries due to long production cycles [3] - The company has prudently recognized impairment provisions for accounts receivable, inventory, and fixed assets based on industry practices and the current demand slowdown, which has further impacted profits [4] - The overall profit decline is attributed to necessary and controllable cost increases related to the company's forward-looking investments in new business areas, which are expected to strengthen its technical capabilities in high-precision rolling components and CNC machine tools for future growth [4]

Group 1 - The company is actively promoting the mass production of planetary roller screws and high-precision thread grinding machines [2]

恒而达公告，预计2025年度净利润为3700万元至4000万元，同比下降54.19%-57.62%。预计净利润下降 主要由于战略投入持续加码导致营业成本短期上升，海外并购整合效益尚未显现，审慎计提减值夯实资 产。 ...

Core Viewpoint - The company expects a significant decline in net profit for 2025, projecting a decrease of 54.19% to 57.62% compared to the previous year, primarily due to increased strategic investments and associated costs [1] Group 1: Financial Performance - The projected net profit attributable to shareholders for 2025 is estimated to be between 37 million to 40 million yuan [1] - The projected net profit after deducting non-recurring gains and losses is also expected to be between 37 million to 40 million yuan, reflecting a decrease of 52.32% to 55.89% year-on-year [1] Group 2: Reasons for Performance Change - Strategic investments have led to a short-term increase in operating costs, with significant R&D and sales expenses rising due to enhanced focus on rolling functional components and high-precision CNC grinding machines [1] - The acquisition of SMS Maschinenbau GmbH, a leading global thread grinding company, has resulted in increased management costs due to one-time fees and expenses related to the acquisition [1] - The integration benefits from the SMS acquisition have not yet materialized, as the long production cycle of existing orders has delayed revenue recognition, while operational costs have been fully consolidated [1] - The company has prudently recognized impairment provisions for accounts receivable, inventory, and fixed assets, reflecting a cautious approach in light of industry trends and the early-stage nature of new business investments [1] Group 3: Future Outlook - The increased investments are expected to significantly enhance the company's technical capabilities in high-precision rolling components and CNC machine tools, laying a solid foundation for future business growth [1]

证券代码：300946 证券简称：恒而达 编号：2026-003 福建恒而达新材料股份有限公司 2025年年度业绩预告 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。 一、本期业绩预计情况 二、与会计师事务所沟通情况 本次业绩预告相关的财务数据未经注册会计师审计，公司已就业绩预告有 关事项与会计师事务所进行了预沟通，双方在业绩预告方面不存在分歧。 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1．预计的业绩方向：预计净利润为正值且属于同向下降50%以上情形 2．预计的业绩情况对比表： | 项 | 目 | 本报告期 | 上年同期 | | --- | --- | --- | --- | | 归属于上市公司股东 的净利润 | | 3,700万元至4,000万元 | 8,731.23万元 | | | | 比上年同期下降：-57.62%至-54.19% | | | 归属于上市公司股东 的扣除非经常性损益 | | 3,700万元至4,000万元 | 8,388.75万元 | | 后的净利润 | | 比上年同期下降：-55.89%至- ...

格隆汇1月21日丨恒而达(300946.SZ)在投资者互动平台表示，公司采用以经销为主的销售模式进行产品 销售，产品主要通过经销商向下游用户销售。截止目前，公司未与新剑传动直接合作。 ...

Core Viewpoint - Heng Er Da (300946) primarily utilizes a distribution-based sales model for its products, selling mainly through distributors to downstream users. As of now, the company has not established direct cooperation with Xin Jian Transmission [1]. Group 1 - The company employs a distribution-centric sales strategy [1] - Products are mainly sold through distributors to end users [1] - There is currently no direct partnership with Xin Jian Transmission [1]