证券代码：300953 证券简称：震裕科技 公告编号：2025-125 宁波震裕科技股份有限公司 第五届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 宁波震裕科技股份有限公司（以下简称"公司"）第五届董事会第十次会议 于 2025 年 12 月 23 日以现场及通讯的方式在公司会议室召开，会议通知于 2025 年 12 月 18 日以电话、电子邮件等方式送达公司全体董事。本次会议由董事长蒋 震林先生主持，会议应出席董事 11 人，实际出席董事 11 人，公司高级管理人员 列席了会议。会议的召集、召开和表决程序符合《中华人民共和国公司法》等法 律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事认真审议，形成以下决议： 1、发行证券的种类 （一）审议通过《关于公司符合向不特定对象发行可转换公司债券条件的议 案》 根据《中华人民共和国公司法》《中华人民共和国证券法》以及《上市公司 证券发行注册管理办法》等法律、法规和规范性文件的有关规定，董事会对公司 的实际情况及相关事 ...

Investment Rating - The report maintains a "Positive" investment rating for the mechanical equipment industry [5]. Core Insights - The humanoid robot industry is expected to see rapid production scaling opportunities in the first half of 2026, driven by advancements in brain models and control technologies [3][8]. - Tesla and other leading companies have demonstrated significant progress in motion control technology for humanoid robots, indicating a shift towards mass production focus [3][8]. - The report identifies three main challenges for mass production: the development of dexterous hands, an AI brain capable of understanding the real world, and the ability to scale production efficiently, with the AI brain being the most critical challenge [8]. Summary by Sections Industry Overview - The humanoid robot industry is entering a rapid development phase, with a focus on production capabilities [3][8]. - Recent demonstrations by Tesla and Yuzhu Robotics highlight advancements in motion control technology [8]. Production Challenges - The report outlines three key challenges for humanoid robot production: hardware improvements, breakthrough functionalities, and efficiency/cost management [8]. - The AI brain's maturity is highlighted as the most significant barrier to achieving mass production [8]. Investment Opportunities - The report suggests that companies with strong manufacturing and management capabilities in component production will benefit the most from the upcoming production ramp-up [3]. - Specific investment targets include Top Group (601689, Buy), Sanhua Intelligent Control (002050, Buy), Wuzhou New Spring (603667, Buy), Hengli Hydraulic (601100, Not Rated), and Zhenyu Technology (300953, Buy) [3].

（文章来源：证券日报） 证券日报网讯 12月17日晚间，震裕科技发布公告称，因中汇会计师事务所内部工作调整，原委派的质 量控制复核人金刚锋先生变更为孙玮女士，继续为公司提供2025年度审计服务。 ...

证券日报网讯12月17日晚间，震裕科技（300953）发布公告称，截至2025年12月17日，公司经股东会审 议通过的担保总额度为300000万元，占公司最近一期经审计净资产的100.22%；公司及控股子公司累计 提供担保实际发生余额为93049.92万元，占公司最近一期经审计净资产的31.09%。公司及控股子公司不 存在对合并报表外单位的担保对象提供担保、逾期担保、涉及诉讼的担保及因担保被判决败诉而应承担 损失等情形。 ...

证券代码：300953 证券简称：震裕科技 公告编号：2025-123 宁波震裕科技股份有限公司 关于变更审计机构质量控制复核人的公告 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。 宁波震裕科技股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召开 第五届董事会第五次会议，审议通过了《关于续聘 2025 年度会计师事务所的议 案》，同意续聘中汇会计师事务所（特殊普通合伙）（以下简称"中汇会计师事 务所"）为公司 2025 年度财务报告和内部控制审计机构。具体内容详见公司于 2025 年 4 月 22 日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于续聘 2025 年度会计师事务所的公告》（公告编号：2025-049）。前述事项已经公司于 2025 年 5 月 16 日召开的 2024 年年度股东会审议通过。 近日，公司收到中汇会计师事务所出具的《关于变更质量控制复核人的告知 函》，现将相关事项公告如下： 一、本次质量控制复核人变更情况 中汇会计师事务所原委派金刚锋先生为质量控制复核人为公司提供 2025 年 度审计服务。因中 ...

关于对外担保的进展公告 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。 证券代码：300953 证券简称：震裕科技 公告编号：2025-122 宁波震裕科技股份有限公司 特别提示： 本次担保对象为公司全资子公司，资产负债率超过 70%，本次 担保事项在 2024 年年度股东会审议授权范围内。本次是对公司全资 子公司提供担保，总体风险可控。 一、担保情况概述 为支持宁波震裕科技股份有限公司（以下简称"公司"）各全资子公司经营 及业务发展需要，提高公司决策效率，公司于 2025 年 4 月 18 日、2025 年 5 月 16 日分别召开的第五届董事会第五次会议及 2024 年年度股东会审议通过《关于 公司 2025 年度担保额度预计的议案》，同意公司 2025 年度为公司全资子公司 的融资提供担保，担保额度预计不超过 30 亿元，融资业务包括但不限于综合授 信或单笔授信项下的流动资金贷款、银行承兑汇票、商业承兑汇票、信用证、现 金池、票据池、资产池等业务。具体内容详见公司于 2025 年 4 月 22 日在巨潮资 讯网（www.cninfo.com.cn）上披露 ...

Group 1 - The core viewpoint of the news highlights a decline in various indices related to robotics, IoT, smart electric vehicles, and consumer electronics, with the National Robotics Industry Index down by 2.0% and the Consumer Electronics Index down by 3.0% [1] - The E Fund Robotics ETF (159530) saw a net subscription of 42 million units, marking a total net inflow of 240 million yuan over the past three trading days [1] - The National Robotics Industry Index underwent a component stock adjustment, adding five companies from the robotics parts supply chain, which enhances its correlation with humanoid robots [1] Group 2 - The Consumer Electronics ETF tracks the CSI Consumer Electronics Theme Index, focusing on AI hardware, which is a major category of smart terminal products [4] - The CSI Consumer Electronics Theme Index experienced a decline of 3.0% and has a rolling price-to-earnings ratio of 55.6 times since its inception [5] - The IoT ETF tracks the CSI IoT Theme Index, which is essential for achieving connectivity among smart terminals, comprising stocks from companies involved in information collection and transmission [6] Group 3 - The CSI IoT Theme Index also saw a decline of 2.3% and has a rolling price-to-earnings ratio of 32.3 times since its establishment [6]

Core Insights - The article emphasizes the critical role of battery cell shells as protective structures for internal electrochemical materials, highlighting their importance in safety, sealing, heat dissipation, and resistance to internal expansion [1][2] - The market for battery cell shells is projected to reach approximately 28.1 billion yuan in 2024 and is expected to grow to 37.4 billion yuan by 2025, driven by the demand from electric vehicles, energy storage, and consumer electronics [1][7] Industry Overview - Battery cell shells serve as the "armor" for cells, protecting key components like the anode, cathode, separator, and electrolyte from physical damage and environmental factors [2][4] - The industry chain is tightly interconnected, with upstream materials primarily consisting of aluminum, steel, and emerging composite materials, while leading manufacturers like Keda Li and Zhenyu Technology dominate the midstream production [4][5] Market Dynamics - The demand for battery cell shells is characterized by a dominant focus on power batteries, a rapidly growing energy storage sector, and stable support from consumer electronics [5][6] - In 2025, the domestic power battery installation volume is expected to reach 578.0 GWh, marking a significant year-on-year increase of 42.4%, with lithium iron phosphate batteries accounting for over 80% of this growth [5][6] Competitive Landscape - The Chinese battery cell shell industry is highly concentrated, with the top five companies holding over 42% market share. Keda Li and Zhenyu Technology form the first tier, closely linked with major battery manufacturers like CATL and BYD [8][10] - The second tier includes companies like Sileck and Lingyun, which focus on specific technologies and partnerships to expand their market presence [8][10] Development Trends - The industry is expected to evolve towards extreme safety, material innovation (such as composite materials), and higher integration with battery systems, with a shift from precision manufacturing to providing integrated solutions [11][14] - The introduction of stringent safety standards, such as GB 38031-2025, is driving fundamental changes in materials and design, pushing for innovations in composite materials that enhance safety and reduce weight [11][12][13]

Core Viewpoint - The company anticipates rapid growth in its lithium battery structural components business due to strong demand from downstream energy storage batteries in the fourth quarter of this year and into next year [1] Group 1: Business Performance - The company has sufficient orders on hand and normal production operations, with production scheduling showing month-on-month growth over the past two months [1] - The fourth quarter is typically the peak demand period for the industry, and the company expects to maintain this growth trend into next year based on current customer demand [1] Group 2: Future Outlook - The company plans to provide more detailed operational updates in its upcoming periodic reports, reflecting the ongoing positive business conditions [1]

Core Insights - The company, Zhenyu Technology, reported a significant increase in orders from the robotics industry since the beginning of the fourth quarter of 2025, particularly in the area of dexterous hand components and assemblies [1] - The company's main business revenue was approximately 6.6 billion yuan in the first three quarters, indicating that while robotics-related orders are growing rapidly, they still represent a small proportion of the overall revenue [1] Summary by Category Company Performance - Zhenyu Technology's revenue for the first three quarters was around 6.6 billion yuan [1] - The growth in robotics-related orders is notable but remains a small percentage of total revenue [1] Industry Trends - There has been a marked increase in orders from the robotics sector since the start of the fourth quarter of 2025 [1] - The growth rate of orders for dexterous hand components and assemblies is particularly fast [1]