证券代码：301086 证券简称：鸿富瀚 公告编号：2026-013 深圳市鸿富瀚科技股份有限公司 关于为子公司提供担保的进展公告 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。 一、担保情况概述 深圳市鸿富瀚科技股份有限公司（以下简称"公司"）分别于2026年1月23 日召开第三届董事会第二次会议、于2026年2月9日召开2026年第一次临时股东 会审议通过《关于2026年度申请银行授信额度及对外担保额度预计的议案》。 根据公司业务发展及为满足合并报表范围内子（孙）公司的日常经营资金需求， 未来十二个月内，公司向合并报表范围内子公司提供总额不超过217,800.00万 元人民币的担保额度。其中，为资产负债率70%以上的合并报表范围内子公司提 供担保的额度为104,550.00万元；为资产负债率低于70%的合并报表范围内子公 司提供担保的额度为113,250.00万元。以上担保额度可循环使用，最终担保余 额将不超过本次授予的担保额度。本次担保额度自股东会审议通过之日起12个 月 内 有 效 。 具 体 内 容 详 见 公 司 于 2026 年 1 月 24 日 ...

证券代码：301086 证券简称：鸿富瀚 公告编号：2026-012 深圳市鸿富瀚科技股份有限公司 关于与专业投资机构共同投资的进展公告 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。 一、本次对外投资概况 深圳市鸿富瀚科技股份有限公司（以下简称"公司"）于 2025 年 6 月 18 日 作为新进有限合伙人，与普通合伙人深圳市高新投人才股权投资基金管理有限公 司，及其他有限合伙人深圳市引导基金投资有限公司、深圳市宝安区产业投资引 导基金有限公司、深圳市汇通金控基金投资有限公司、深圳市龙华区引导基金投 资管理有限公司、深圳市光明区引导基金投资管理有限公司、深圳市高新投创业 投资有限公司、江西赣江新区信担金服管理有限公司、深圳顺络电子股份有限公 司共同签署《深圳市高新投高端装备产业私募股权投资基金合伙企业（有限合伙） 合伙协议》（以下简称"合伙协议"），共同投资深圳市高新投高端装备产业私 募股权投资基金合伙企业（有限合伙）（以下简称"合伙企业"），合伙企业目 标募资规模为人民币 20 亿元，出资方式均为货币。全体合伙人本次的认缴出资总 额为人民币 14.8 亿元 ...

深圳市鸿富瀚科技股份有限公司（以下简称"公司"）于2025年10月27日召 开第二届董事会第十七次会议、第二届监事会第十六次会议，审议通过了《关于 使用暂时闲置超募资金进行现金管理的议案》，同意公司使用最高不超过人民币 50,000万元（含本数）的暂时闲置超募资金进行现金管理，使用期限为自公司董 事会审议通过之日起12个月，在上述使用期限及额度范围内，资金可循环滚动使 用。具体内容详见公司在巨潮资讯网（www.cninfo.com.cn）披露的《关于使用暂 时闲置超募资金进行现金管理的公告》（公告编号：2025-074）。 近日，公司新开立了超募资金现金管理产品专用结算账户，账户信息如下： | 序号 | 账户名称 | 开户机构 | 账号 | | --- | --- | --- | --- | | 1 | 深圳市鸿富瀚科技股份 | 山西证券股份有限公司深圳科苑 | 72200522 | | | 有限公司 | 南路证券营业部 | | 证券代码：301086 证券简称：鸿富瀚 公告编号：2026-011 深圳市鸿富瀚科技股份有限公司 关于开立暂时闲置超募资金现金管理专用结算账户的公告 本公司及董事会全体成员保证信息 ...

Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robotics industry [6]. Core Insights - The humanoid robotics concept index experienced a slight decline of 0.80% from February 1 to February 6, 2026, but has shown a year-to-date increase of 2.61%, outperforming the CSI 300 index by 2.32 percentage points [2][12]. - The report highlights significant advancements in humanoid robotics, including the successful hosting of the world's first large-scale robot gala, showcasing breakthroughs in complex motion control and emotional expression [4]. - The year 2026 is anticipated to be a pivotal year for the large-scale deployment of humanoid robots, with expectations for increased integration into everyday life and various industries [4]. Summary by Sections 1. Weekly Market Review (February 1 - February 6, 2026) - The humanoid robotics index decreased by 0.80%, while the year-to-date performance shows an increase of 2.61%, outperforming the CSI 300 index [12]. - Among A-share humanoid robotics stocks, Kailong High-Tech had the highest weekly gain of 72.80%, while Dongwei Semiconductor saw the largest decline of 14.72% [16]. 2. Weekly Hotspot Review 2.1 Policy News - Zhejiang Province plans to strategically develop future industries, including humanoid robotics and biomanufacturing [19]. - The Ministry of Agriculture aims to enhance AI applications in agriculture, expanding the use of drones and robots [19]. - Guangdong Province's implementation plan supports the growth of AI and intelligent robotics service providers [19]. 2.2 Product and Technology Iteration - UBTECH announced the open-source embodiment intelligent model "Thinker," designed for rapid response and precise spatial awareness in industrial humanoid robots [20]. - The global live broadcast of the robot gala "Robot Wonderful Night" was announced, featuring over 200 robots [21]. - Yujian has commenced mass production of its third batch of full-size industrial humanoid robots [21]. 2.3 Investment and Financing - Shanghai Zhuoyide Robotics completed nearly 100 million RMB in Pre-A+ financing to expand into new service areas [22]. - Renxin Robotics secured millions in A+ financing, focusing on intelligent welding solutions [22]. - Xinmi Er Vision completed over 100 million RMB in A and A+ financing, targeting AI and intelligent robotics applications [23]. 2.4 Key Company Developments - Haozhi Electromechanical reported small batch orders for its core products from humanoid robot manufacturers [24]. - Hongfuhan signed a 480 million RMB contract with Guangdong Quanxiang for the supply of various robotic products [25].

Market Overview - On February 10, the Shanghai Composite Index rose by 0.13%, the CSI 300 increased by 0.11%, the STAR 50 climbed by 0.91%, the CSI 1000 went up by 0.2%, while the ChiNext Index fell by 0.37%. The Hang Seng Index increased by 0.58% [4][5]. - The best-performing sectors on February 10 were Media (+4.27%), Comprehensive (+2.15%), Home Appliances (+1.11%), Coal (+0.88%), and Social Services (+0.74%). The worst-performing sectors were Real Estate (-1.4%), Food & Beverage (-1.31%), Retail (-0.87%), Beauty & Personal Care (-0.84%), and Agriculture, Forestry, Animal Husbandry, and Fishery (-0.74%) [4][5]. - The total trading volume for the A-share market on February 10 was 21,247.45 billion yuan, with a net inflow of 0.84 million Hong Kong dollars from southbound funds [4][5]. Important Recommendations - The report highlights the company Hongfuhuan (301086) as a precision manufacturing platform with growth driven by liquid cooling and automation [6]. - The recommendation logic is based on the unexpected growth of liquid cooling orders from key clients [6]. - Revenue projections for Hongfuhuan from 2025 to 2027 are estimated at 1,030.02 million yuan, 3,040.79 million yuan, and 4,371.97 million yuan, with growth rates of 25.79%, 195.22%, and 43.78% respectively. Net profit is projected to be 134.19 million yuan, 425.38 million yuan, and 689.41 million yuan, with growth rates of 22.30%, 216.99%, and 62.07% respectively. Earnings per share are expected to be 1.49 yuan, 4.73 yuan, and 7.66 yuan, with P/E ratios of 85.30, 26.91, and 16.60 [6]. Important Insights - The report discusses the release of China's first financial ESG national standard and sustainable information verification guidelines, which accelerate the standardization of information disclosure systems [7]. - In January 2026, the focus of ESG and green finance policies shifted from top-level design to execution and market mechanisms, with significant developments in the financial sector [7][8]. - The market shows a positive outlook on the implementation and effects of the "14th Five-Year Plan" carbon peak policies, with high enthusiasm for the issuance of ESG funds and bonds [8]. - The report emphasizes the transition of policies from "principle-based requirements" to a "quantifiable, executable, and regulatory operational system," marking a new phase in ESG system construction [8].

Group 1 - Baichuan Co., Ltd. announced that recent price increases of some main products are influenced by market supply and demand, but the sustainability of these price fluctuations is uncertain, making it difficult to predict the impact on company performance [2] - Jincheng Co., Ltd. plans to acquire an additional 42.5% stake in CMH Company, adjusting the payment terms to a fixed cash amount of $128 million, which will increase its ownership to 97.5% if the transaction is completed [3] - Runtou Co., Ltd. reported that the sustainability of price fluctuations in disperse dyes is uncertain, making it difficult to estimate the impact on company performance, despite recent price increases [4] Group 2 - Zhongtung High-tech announced a project to implement an additional 30 million PCB drill rods per year with an investment of 145 million yuan, aiming to expand market share and secure raw material needs [5] - ST Xinhua Jin indicated that if it fails to recover approximately 406 million yuan in occupied funds within six months, it may face stock suspension and potential delisting [6] - Lian De Co., Ltd. stated that its gas turbine business currently only generates limited revenue, accounting for less than 1% of total revenue, thus having a minimal impact on overall performance [7] Group 3 - Xinhang New Materials plans to raise up to 1 billion yuan through a private placement to fund projects related to high-performance resins and composite materials [8] - Changfei Optical Fiber noted that its products for data centers currently represent a small portion of global market demand, and the impact of price fluctuations on future performance will depend on market conditions [9] Group 4 - SMIC reported a net profit of 1.223 billion yuan for Q4 2025, a 23.2% increase year-on-year, driven by increased wafer sales and improved capacity utilization [11] - CITIC Securities announced that its subsidiary, Huaxia Fund, achieved a net profit of 2.396 billion yuan in 2025 [12] - Xinzhou Bang reported a net profit of 1.098 billion yuan for 2025, a 16.56% increase year-on-year, attributed to improved sales and operational efficiency [13] Group 5 - Youyan Silicon reported a net profit decline of 10.14% for 2025, with total revenue of 1.005 billion yuan, primarily due to increased investment losses and higher share-based payment expenses [14] - Kangbiter completed its first share buyback, acquiring 51,000 shares for a total of 785,400 yuan [15] - Linyang Energy announced its first share buyback of 8.35 million shares, totaling 52.325 million yuan [16] Group 6 - Hanwei Technology's shareholder plans to reduce its stake by up to 1.8639% due to personal funding needs [19] - Jiuzhitang's major shareholder reduced its stake by 1.02%, following a pre-planned reduction strategy [20] Group 7 - China State Construction signed new contracts worth 399.5 billion yuan in January 2026, reflecting a 1.8% year-on-year increase [21] - Senyuan Electric is expected to win a bid for a project worth 272 million yuan from the Southern Power Grid [22] - Jinguang Electric announced a successful bid for a project worth approximately 28.87 million yuan from the Southern Power Grid [23]

Group 1: Core Business and Market Trends - The company focuses on precision manufacturing in consumer electronics, building a comprehensive product platform covering thermal management, optics, insulation, shielding, and structural components [1] - The recovery in smartphone demand, accelerated penetration of AI PCs, and upgrades in wearables and new energy vehicles are driving a resurgence in functional components, which are evolving from simple material parts to integrated solutions [1] - The company's engineering capabilities in high-clean manufacturing, defect control, and online inspection support its growth within a robust customer base, backed by industry trends and customer structure [1] Group 2: Liquid Cooling Technology - The increasing power density in AI servers and high-speed switching devices is driving the shift towards liquid cooling, which is transitioning from limited introduction to large-scale application [2] - The Direct-to-Chip approach is establishing advantages in engineering replicability and system efficiency, leading to increased penetration and higher single-unit value, making the liquid cooling market significantly elastic [2] - The company is expanding beyond single cold plate processing to modular products like cold plate modules, manifolds, and connectors, leveraging its precision functional components and multi-process manufacturing capabilities [2] Group 3: Automation Business Development - The automation equipment business has evolved from internal support for major consumer electronics clients to an independent revenue-generating unit, driven by a deep understanding of processes [3] - The shift in manufacturing demand from "replacing labor" to "empowering processes" is leading to the application of micro-level precision assembly and inspection capabilities in new energy lithium battery production [3] - This business model emphasizes process understanding and engineering delivery, positioning the automation segment for mid-term growth potential as it transitions from a cost-reduction tool to an external profit unit [3] Group 4: Financial Projections and Valuation - Revenue projections for 2025-2027 are estimated at 1.03 billion, 3.04 billion, and 4.37 billion yuan, with year-on-year growth rates of 25.79%, 195.22%, and 43.78% respectively [4] - Corresponding net profits for the same years are forecasted to be 134 million, 425 million, and 689 million yuan, with current market valuations reflecting PE ratios of 85.30, 26.91, and 16.60 times [4] - The company is rated as a "buy" based on these financial metrics [4]

证券代码：301086 证券简称：鸿富瀚 公告编号：2026-010 深圳市鸿富瀚科技股份有限公司 2026年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会未出现否决议案的情形。 2.本次股东会不涉及变更前次股东会已通过的决议。 3.本次股东会采用现场投票及网络投票相结合的方式召开。 一、会议召开和出席情况 1.股东会届次：2026年第一次临时股东会 2.股东会的召集人：公司第三届董事会 3.会议召开的合法、合规性：本次股东会的召开符合有关法 律、行政法规、部门规章、规范性文件及《公司章程》的规定。 通过深圳证券交易所互联网系统投票的具体时间为2026年2月9 日上午9:15至下午15:00的任意时间。 5.会议主持人：副董事长 李文斌先生 1 6.会议的通知：公司在巨潮资讯网刊载了《关于召开2026年第 一次临时股东会的通知》（公告编号：2026-004）。 本次会议的召集、召开与表决程序符合《公司法》《上市公司 股东会规则》及公司章程的有关规定。 二、会议出席情况 4.会议召开的日期、时间： （1）会议 ...

二〇二六年二月九日 广东省深圳市福田区深南大道 4011 号香港中旅大厦 21A-26 层 广东华商律师事务所 关于 深圳市鸿富瀚科技股份有限公司 2026年第一次临时股东会的 法律意见书 广东华商律师事务所 法律意见书 广东华商律师事务所 关于深圳市鸿富瀚科技股份有限公司 2026 年第一次临时股东会的法律意见书 致：深圳市鸿富瀚科技股份有限公司 广东华商律师事务所（以下简称"本所"）接受深圳市鸿富瀚科技股份有限公 司（以下简称"公司"）的委托，指派本所律师出席公司2026年第一次临时股东会 （以下简称"本次会议"）。本所律师依据《中华人民共和国证券法》（以下简称 "《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、《上 市公司股东会规则》等法律、法规和规范性法律文件以及《深圳市鸿富瀚科技股 份有限公司章程》（以下简称"《公司章程》"）的规定，出具本《法律意见书》。 本《法律意见书》仅对本次会议召集和召开的程序、出席本次会议的人员资 格及表决程序是否符合相关法律事项和公司章程的规定以及本次会议审议议案 的表决结果是否有效进行核查并发表意见，并不对本次会议所审议的议案内容以 及该等议案所涉及 ...

Core Viewpoint - The company has signed a tripartite framework agreement with Guangdong Quanxiang Intelligent Technology Co., Ltd. and Jiangxi Xiexun Intelligent Equipment Co., Ltd., along with a purchase contract worth 480 million yuan, aiming to enhance collaboration in AI servers and robotics [1] Strategic Aspects - The agreement is expected to deepen the binding with major clients and seize opportunities in the AI and robotics sectors [2] - The collaboration with Jiangxi Xiexun, a wholly-owned subsidiary of Luxshare Precision, and Guangdong Quanxiang, a company focused on AGV development, will create a closed loop of "technology R&D + product supply + market promotion," accelerating product iteration and market entry [2] - The partnership is anticipated to strengthen the industry ecosystem and enhance the company's bargaining power within the supply chain, potentially expanding cooperation to other products [2] Market and Business Aspects - The purchase contract of 480 million yuan accounts for approximately 59.68% of the company's projected revenue for 2024, with full delivery expected by the end of 2026, directly contributing to performance growth [3] - The collaboration with Jiangxi Xiexun allows the company to enter the promising markets of AI server hardware supply and robotics, leading to order growth and new opportunities in liquid cooling technology [3] - The company is focusing on liquid cooling solutions, having established partnerships with major domestic and international clients, including ZTE and Meta, positioning liquid cooling as a strategic growth direction [3] Investment Recommendations - The company is actively expanding into AI, robotics, and cooling solutions while maintaining its core business, with the 480 million yuan contract providing revenue certainty in the short term [4] - If the ecological cooperation is executed efficiently, it could open new growth trajectories, leading to revised profit forecasts for 2025-2027, with expected revenues of 1.065 billion, 2.872 billion, and 3.741 billion yuan, reflecting year-on-year growth of 30.0%, 169.7%, and 30.2% respectively [4] - The projected net profits for the same period are 150 million, 455 million, and 682 million yuan, maintaining a "strong buy" rating [4]