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- ...

Group 1 - The company adopts a primarily distribution-based sales model for its products, selling mainly through distributors to downstream users [1] - Currently, the company has not established direct cooperation with Xin Jian Transmission [1]

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]

证券代码：300946 证券简称：恒而达 编号：2026-002 福建恒而达新材料股份有限公司 关于使用暂时闲置募集资金和自有资金进行现金管理 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。 福建恒而达新材料股份有限公司（以下简称公司）分别于2024年4月19日和2025 年4月18日召开了第二届董事会第十四次会议和第二届监事会第十二次会议、第三届 董事会第二次会议和第三届监事会第二次会议，审议通过了《关于公司2024年度使 用暂时闲置募集资金和自有资金进行现金管理的议案》和《关于2025年度使用暂时 闲置募集资金和自有资金进行现金管理的议案》，同意公司2024年和2025年分别使 用不超过人民币5,000万元（含5,000万元）和3,500万元（含3,500万元）的暂时闲置 募集资金，以及均不超过人民币2亿元（含2亿元）的自有资金进行现金管理，用于 购买安全性高、流动性好、风险等级低的短期理财产品且募集资金购买的理财产品 需提供保本承诺，使用期限自各年度公司董事会审议通过之日起12个月，如单笔交 易的存续期超过了上述决议有效期，则有效期自动延续至 ...

Core Viewpoint - Heng Er Da (300946) is actively advancing the installation, debugging, and personnel training for its first planetary roller screw production line, which is a key component of its rolling functional parts business strategy [1] Group 1 - The screw products are an important part of the company's strategic planning for rolling functional components [1] - The company is leveraging the installation of this equipment to systematically promote the absorption and digestion of SMS core technology [1] - The goal is to accelerate the localization of related equipment [1]

Core Viewpoint - The company, Heng Er Da (300946), emphasizes its diverse application areas for products, particularly in high-precision and high-efficiency metal cutting solutions for various metal materials [1] Group 1: Product Offerings - The company's metal cutting tools and intelligent CNC equipment provide solutions for cutting metal materials such as various bars and profiles [1] - The rolling functional components are widely used in scenarios that require stringent linear motion precision [1]

Group 1 - The company, Heng Er Da, stated that its products and services are widely used in fundamental industries of the national economy and key areas of advanced manufacturing [2] - Specific operational information regarding the company's product applications should be referenced from announcements published in designated information disclosure media [2]

Group 1 - The company, 恒而达, provides products and services widely used in foundational industries of the national economy and key areas of advanced manufacturing [2] - The company's solutions cater to applications that require strict precision in material processing, component transmission efficiency, and operational reliability [2] - For specific operational data and product applications, the company advises referring to announcements published in designated information disclosure media [2]

Core Viewpoint - Heng Er Da is actively advancing the installation and debugging of its first planetary roller screw production line, which is a crucial part of its rolling functional components business strategy [1] Group 1: Company Developments - The company has introduced SMS equipment and is currently progressing with the installation, process adaptation, and specialized personnel training for its screw products [1] - The implementation of this equipment is seen as an opportunity to systematically promote the absorption of SMS core technology and accelerate the localization of related equipment [1] Group 2: Competitive Positioning - Heng Er Da is comparing its planned mass production of ball screws with the planetary ball screws that Hangzhou Xin Jian Electromechanical has already mass-produced, indicating a focus on competitive advantages in the market [1]