Core Viewpoint - The company has completed the research and development of its second-generation fully automatic nano-imprinting equipment, but it has not yet been commercialized to generate actual revenue [2]. Group 1 - The second-generation nano-imprinting technology has been developed and is expected to be completed by the end of 2024 [2]. - The company is closely monitoring market changes and customer demands to seize market opportunities [2].

Group 1 - The company's stock price fluctuations are influenced by multiple factors, and investors are advised to be aware of investment risks [1] - The company is maintaining normal production and operations while focusing on supplying mature equipment to major clients and actively collaborating on new product development [1] - The company is closely monitoring market changes, aligning with customer demands, and seizing market opportunities [1] Group 2 - The company is optimizing costs and supply chains to promote cost reduction and efficiency improvement [1] - The company is taking proactive measures based on its actual situation to facilitate high-quality development [1]

Core Viewpoint - The stock of Lihexing has shown significant volatility, with a year-to-date increase of 137.01%, but recent declines in the short term indicate potential market fluctuations [2]. Group 1: Stock Performance - As of November 6, Lihexing's stock price increased by 2.10% to 27.73 CNY per share, with a trading volume of 220 million CNY and a turnover rate of 4.26%, resulting in a total market capitalization of 6.482 billion CNY [1]. - Year-to-date, Lihexing's stock has risen by 137.01%, but it has experienced a decline of 2.36% over the last five trading days and 1.94% over the last twenty days [2]. - The stock has been on the龙虎榜 (top trading list) 13 times this year, with the most recent appearance on October 14, where it recorded a net buy of -12.1162 million CNY [2]. Group 2: Financial Performance - For the period from January to September 2025, Lihexing reported a revenue of 327 million CNY, reflecting a year-on-year decrease of 8.85%, while the net profit attributable to shareholders was -65.883 million CNY, a decline of 529.94% [3]. - The company has distributed a total of 27.27 million CNY in dividends since its A-share listing, with 11.6872 million CNY distributed over the past three years [4]. Group 3: Shareholder and Ownership Structure - As of September 30, 2025, the number of shareholders for Lihexing reached 46,000, an increase of 168.43% from the previous period, while the average number of circulating shares per shareholder decreased by 62.75% to 4,112 shares [3]. - Notably, as of September 30, 2025, the top ten circulating shareholders saw the exit of the Penghua Carbon Neutral Theme Mixed A fund from the list [4]. Group 4: Business Overview - Lihexing, established on January 9, 2006, and listed on June 29, 2021, is based in Longhua District, Shenzhen, and specializes in the research, production, and sales of automation and intelligent equipment [2]. - The company's revenue composition includes 43.58% from intelligent manufacturing equipment, 31.43% from electronic components, 23.82% from specialized accessories, and 1.16% from other sources [2].

Group 1 - The core point of the article is that Lihexing (301013.SZ) has confirmed that Moore Threads is a client of the company [1]

Company Overview - Lihexing was established on January 9, 2006, and listed on the Shenzhen Stock Exchange on June 29, 2021, with its registered and office address in Shenzhen, Guangdong Province. The company is a leading domestic supplier of intelligent manufacturing equipment, focusing on the research and development of automation and intelligent equipment, holding multiple core technologies [1]. Business Performance - As of Q3 2025, Lihexing reported a revenue of 327 million yuan, ranking 67th out of 89 in the industry, significantly lower than the top competitor, Keda Manufacturing, which reported 12.605 billion yuan, and second-place Haomai Technology at 8.076 billion yuan. The industry average revenue is 1.21 billion yuan, with a median of 596 million yuan [1]. - The main business segments include intelligent manufacturing equipment at 78.063 million yuan (43.58%), electronic components at 56.305 million yuan (31.43%), specialized accessories at 42.673 million yuan (23.82%), and others at 2.0846 million yuan (1.16%) [1]. - The net profit for the same period was -67.1681 million yuan, ranking 82nd out of 89, with a significant gap compared to Keda Manufacturing's 1.832 billion yuan and Haomai Technology's 1.789 billion yuan. The industry average net profit is 111 million yuan, with a median of 34.3712 million yuan [1]. Financial Ratios - As of Q3 2025, Lihexing's debt-to-asset ratio was 50.50%, an increase from 44.04% in the previous year and above the industry average of 42.80% [2]. - The gross profit margin for Q3 2025 was -2.83%, a significant decline from 20.31% in the previous year and below the industry average of 28.52% [2]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 168.43% to 46,000, while the average number of circulating A-shares held per account decreased by 62.75% to 4,112.97 [2]. - Notably, Penghua Carbon Neutral Theme Mixed A (016530) has exited the list of the top ten circulating shareholders [2]. Management Compensation - The chairman and general manager, Lin Yipan, received a salary of 854,800 yuan in 2024, a slight increase of 900 yuan from 2023 [2].

Core Points - Lihexing announced an adjustment to the business scope of its subsidiary, Lihexing Intelligent Equipment (Suzhou) Co., Ltd., to meet operational management needs [1] - The company has completed the necessary industrial and commercial change registration procedures and received a new business license from the Suzhou Industrial Park Administrative Approval Bureau [1]

Group 1: Financial Performance - The company's net profit has significantly decreased year-on-year due to a reduction in sales revenue and a lower gross profit margin, which is attributed to intensified market competition [3] - The gross profit margin is expected to improve through product structure optimization, cost control, and increased R&D investment [3] Group 2: Capital Raising and Investment Strategy - The company plans to raise funds through a simplified procedure for a private placement to invest in the "R&D and industrialization of precision components for semiconductor equipment" project [3][4] - The focus of potential acquisitions will be on high-quality assets in the upstream and downstream sectors, particularly in robotics and semiconductor precision components [3] Group 3: Future Outlook and Market Position - The company maintains an optimistic outlook for future performance, aiming to become a leading provider of intelligent manufacturing solutions [4] - The company will focus on high-value-added products in the fields of new energy vehicles and communication technology, with a strategy to enhance collaboration with key clients [4] - The domestic substitution rate for precision components is projected to rise from 25% to 45%, creating significant market opportunities [4]

Core Viewpoint - The stock price fluctuations of Lihexing (301013) are influenced by multiple factors, and the company is actively working on business collaboration and resource integration to enhance its management level [1] Group 1 - The company responded to investor inquiries on October 24 regarding stock price volatility [1] - The company emphasizes the importance of improving operational management through business synergy and resource integration [1]

证券代码：301013 证券简称：利和兴 公告编号：2025-072 近日，利和兴苏州完成了相关工商变更备案登记手续，并取得了由苏州工业园区行政 审批局换发的《营业执照》。相关信息如下： | 变更 事项 | 变更前 | 变更后 | | --- | --- | --- | | | 一般项目：智能基础制造装备制造；智能基 | | | | 础制造装备销售；技术服务、技术开发、技 | | | | | 一般项目：智能基础制造装备制造；智能基础制 | | | 术咨询、技术交流、技术转让、技术推广； | 造装备销售；技术服务、技术开发、技术咨询、 | | | 货物进出口；技术进出口；进出口代理；工 | | | | | 技术交流、技术转让、技术推广；货物进出口； | | | 业机器人制造；工业机器人销售；工业机器 | | | | | 技术进出口；进出口代理；工业机器人制造；工 | | 经营 | 人安装、维修；信息系统集成服务；信息咨 | 业机器人销售；工业机器人安装、维修；信息系 | | 范围 | 询服务（不含许可类信息咨询服务）；机械 | | | | 零件、零部件销售；特种设备销售；通用设 | 统集成服务；信息咨询服务（不 ...

Core Viewpoint - Lihexing (301013.SZ) reported a decline in revenue and a significant net loss for the first three quarters of 2025, indicating financial challenges for the company [1] Financial Performance - The company's operating revenue for the first three quarters was 327 million yuan, representing a year-on-year decrease of 8.85% [1] - The net loss attributable to shareholders of the listed company was 65.883 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 65.439 million yuan [1] - The basic loss per share was 0.28 yuan [1]