Group 1: Company Overview - The company is Guangzhou Huayan Precision Machinery Co., Ltd., with stock code 301138 and abbreviation Huayan Precision [1]. Group 2: Investor Relations Activity - The investor relations activity involved specific object research with participants from Guotai Fund Management Co., Ltd. and Zhuhai Jinfeng Chuangsheng Investment Management Co., Ltd. [2]. - The meeting took place on July 25, 2025, from 9:00 to 12:00 at the company's office in Guangzhou [2]. Group 3: Business Model and Competition - The company has two main business models: one where food and beverage companies purchase equipment to build complete production lines, and another where preform manufacturers buy equipment to produce preforms for sale to food and beverage companies [2]. - There are no direct competitors in the listed companies that fully correspond to the company's main business; however, there are several general injection molding equipment manufacturers [2]. Group 4: Production Capacity and Financials - All fundraising projects have been completed, and the company is currently in the capacity enhancement phase, which is expected to positively impact revenue [3]. - The company has distributed a total of 264 million yuan in dividends since its listing, with adjustments made to the dividend amount based on operational needs in 2024 [3]. Group 5: International Business - The company's overseas sales percentages from 2022 to 2024 were 24.71%, 26.90%, and 31.55%, indicating a steady increase [3]. - Southeast Asia is currently the region with the highest overseas business share, and the company plans to expand into other regions [3].

Investment Rating - The report maintains a positive outlook on the engineering machinery industry for the second quarter of 2025, indicating a recovery in market conditions [5]. Core Insights - The low-altitude economy is expected to grow, with government initiatives supporting the digital transformation of the electronic information manufacturing industry, aiming for comprehensive coverage of over 100 typical scenario solutions by 2027 [3]. - The engineering machinery sector shows resilience in both domestic and export markets, with leading companies reporting good growth in performance and order backlog [4]. Weekly Market Review - From May 25 to May 30, 2025, the Shanghai Composite Index fell by 0.03%, while the Shenzhen Component Index and the ChiNext Index dropped by 0.91% and 1.40%, respectively. The Shenwan Machinery Equipment Index decreased by 0.43%, outperforming the CSI 300 Index by 0.66 percentage points, ranking 21st among 31 Shenwan primary industries [11]. - Sub-sectors within machinery equipment experienced varied performance, with general equipment down by 0.47%, specialized equipment up by 0.32%, and engineering machinery down by 0.38% [11]. Key Sector Tracking - The report highlights the importance of the low-altitude economy, with initiatives from various government bodies to promote applications in consumer drones and smart city management [3]. - The engineering machinery sector is expected to maintain a high level of prosperity, with strong domestic sales and exports anticipated in the second quarter [4]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and Wan Feng Aowei [5]. - In the machinery equipment sector, suggested companies include Sany Heavy Industry, XCMG, and Anhui Heli [5].

Group 1 - The company, Guangzhou Huayan Precision Machinery Co., Ltd., experienced abnormal stock trading fluctuations on May 22, 2025, as per the relevant regulations of the stock exchange [1] - The company's board of directors conducted inquiries with major shareholders and management regarding the stock fluctuations, confirming no undisclosed significant information affecting the stock price [1] - The board confirmed that there are no undisclosed matters that should be reported according to the Shenzhen Stock Exchange's rules, and previous disclosures do not require corrections or supplements [1]

证券代码：301138 证券简称：华研精机 公告编号：2025-018 广州华研精密机械股份有限公司 关于公司股票交易异常波动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动情况 广州华研精密机械股份有限公司（以下简称"公司"）2025 年 5 月 22 日、 2025 年 5 月 23 日连续 2 个交易日收盘价格涨幅偏离值累计超过 30%，根据深圳 证券交易所相关规定，属于股票交易异常波动的情况。 二、公司关注并核实情况的说明 针对公司股票异常波动情况，公司董事会通过电话及书面问询等方式，对公 司控股股东、实际控制人及持股 5%以上股东、公司全体董事、监事及高级管理人 员就相关问题进行了核实，有关情况如下： 1、截至本公告披露日，公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 3、公司目前经营正常，近期公司经营情况及内外部经营环境未发生重大变 化。 4、公司、控股股东及实际控制人、持有 5%以上股份的股东不存在关于公司 应披露而未披露的重 ...

Industry Overview - The demand for offset printing machines in China is continuously growing due to the development of the printing industry, with domestic printing companies upgrading their equipment for improved efficiency and quality [1][11] - The market size of China's offset printing machine industry reached 21.56 billion yuan in 2019 and is projected to grow to 24.42 billion yuan by 2024, with a compound annual growth rate (CAGR) of 2.53% [1][11] Industry Chain - The upstream of the offset printing machine industry includes raw material suppliers and component manufacturers, while the midstream involves the manufacturing of offset printing machines, and the downstream encompasses various application fields such as book publishing, newspaper printing, and packaging [5] Key Materials - Ink is a critical material for offset printing machines, directly affecting the color performance and clarity of printed products. The production of ink in China has been increasing, but is expected to see a slight decline of 3.7% in 2024 due to the rise of digital publishing and online advertising [7] Market Trends - The packaging industry in China has been rapidly developing, with the market size expected to reach approximately 1.2 trillion yuan in 2024, reflecting a year-on-year increase of 4% [9] - The offset printing machine industry is expected to face stricter environmental regulations, leading to a shift towards green and sustainable practices, including the use of eco-friendly materials and technologies [18] - The industry is also moving towards greater digitalization and automation, utilizing technologies such as big data and IoT for improved efficiency and reliability [19] - There is a growing demand for diverse and personalized products, necessitating the adaptation of offset printing machines to meet small batch and quick delivery requirements [21] Competitive Landscape - The offset printing machine industry in China has developed a competitive landscape with strong players located in regions such as Beijing, Shanghai, Guangdong, and Zhejiang. Companies like Weigang Technology and Wan Jie Technology are notable competitors [13][14] - The competition is intensifying as companies strive to enhance their technological capabilities and market presence [22] Related Companies - Key listed companies in the offset printing machine sector include Weigang Technology (001256), Wan Jie Technology (871827), and Qiangbang New Materials (001279) among others [1]

证券代码：301138 证券简称：华研精机 公告编号：2025-017 广州华研精密机械股份有限公司 2、自分配方案披露至实施期间，公司股本总额未发生变化。 3、本次实施分配方案与股东大会审议通过的分配方案一致。 4、本次分配方案的实施距离股东大会审议通过的时间未超过两个月。 二、本次实施的利润分配方案 公司 2024 年年度利润分配方案为：以公司现有总股本 120,000,000 股为基 数,向全体股东每 10 股派发现金股利 1.00 元人民币（含税；扣税后，QFII、RQFII 以及持有首发前限售股的个人和证券投资基金每 10 股派 0.9 元；持有首发后限 售股、股权激励限售股及无限售流通股的个人股息红利税实行差别化税率征收， 本公司暂不扣缴个人所得税，待个人转让股票时，根据其持股期限计算应纳税额。 【注】：持有首发后限售股、股权激励限售股及无限售流通股的证券投资基金所 涉红利税，对香港投资者持有基金份额部分按 10%征收，对内地投资者持有基金 份额部分实行差别化税率征收）。 【注】：根据先进先出的原则，以投资者证券账户为单位计算持股期限，持股 1 个月（含 1 个月）以内，每 10 股补缴税款 0. ...

Group 1 - The company has approved a cash dividend distribution plan for the year 2024, with a payout of 1 RMB per 10 shares to all shareholders [1] - The total number of shares for the dividend calculation is 120 million [1] - The record date for the dividend is set for May 20, 2025, and the ex-dividend date is May 21, 2025 [1] Group 2 - The dividend distribution will be applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the record date [1] - The controlling shareholders and related parties have adjusted their minimum shareholding reduction price to 23.97 RMB per share [1]

广州华研精密机械股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：301138 证券简称：华研精机 公告编号：2025-016 特别提示： 1.本次股东大会未出现否决议案的情况； 2.本次股东大会未涉及变更前次股东大会的决议。 一、会议召开情况 1.会议召开时间 (1)现场会议：2025 年 5 月 9 日（星期五）15:00。 (2)网络投票： ①通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 5 月 9 日上 午 9:15-9:25，9:30-11:30，下午 13:00-15:00。 ②通过深圳证券交易所互联网投票系统投票的时间为 2025 年 5 月 9 日上午 9:15 至下午 15:00 的任意时间。 2.现场会议召开地点：广州市增城区宁西街创立路 6 号公司二楼 203 会议 室 3.会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开 6.本次股东大会的召开符合《中华人民共和国公司法》《中华人民共和国证 券法》《公司章程》等规定。 二、会议出席情况 1. 股东出 ...

法律意见书 北京海润天睿律师事务所 关于广州华研精密机械股份有限公司 2024 年年度股东大会的法律意见书 北京海润天睿律师事务所 关于广州华研精密机械股份有限公司 2024 年年度股东大会的法律意见书 致：广州华研精密机械股份有限公司 根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国 证券法》（以下简称《证券法》）等法律、法规和其他规范性文件以及《广州华研 精密机械股份有限公司章程》（以下简称《公司章程》）的有关规定，北京海润天 睿律师事务所（以下称"本所"）接受广州华研精密机械股份有限公司（以下简称 "公司"）委托，指派本所邹盛武、丁敬成律师（以下称"本所律师"）出席公司 2024 年年度股东大会，并就本次股东大会的召集和召开程序、出席会议人员及会 议召集人资格、审议事项以及表决方式、表决程序、表决结果等相关事项依法进行 见证。 本所律师已审查了公司提供的召开本次股东大会的有关文件。公司已向本所 及本所律师承诺其所提供的文件和所作的陈述、说明是完整、真实和有效的，无任 何隐瞒、遗漏，并据此出具法律意见。 本所律师依据《证券法》《律师事务所从事证券法律业务管理办法》和《律师 事务所证券法 ...

Financial Performance - In Q1 2025, the net profit attributable to shareholders was 14.08 million yuan, a 2.1% increase year-on-year [1] - In 2024, the company's revenue growth rate was 21.17%, and the net profit growth rate was 34.06%, both exceeding the industry averages of 18.71% and 29.56% respectively [2] Strategic Development - The company has established three subsidiaries focused on the production and sales of PET bottle preforms, enhancing its core business and providing a platform for new product trials [3] - Future strategic planning includes expanding into downstream applications and markets [3] Market Expansion - The company has successfully penetrated Southeast Asia and is expanding into South Asia, Africa, the Middle East, New Zealand, Turkey, and Australia, with plans to further explore developed markets like Japan and South Korea [4] Industry Outlook - The demand for plastic packaging bottles is expected to rise during economic prosperity, positively impacting the market for preform injection molding equipment [5] - There is a trend of PET bottle packaging expanding into sectors like beer and dairy, which will contribute to market growth [5]