广州华研精密机械股份有限公司 2025 年半年度报告全文 广州华研精密机械股份有限公司 2025 年半年度报告 【2025 年 8 月 27 日】 1 广州华研精密机械股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人包贺林、主管会计工作负责人李敏怡及会计机构负责人(会计 主管人员)曾卫群声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 （1）创新风险 随着行业技术发展，客户对于瓶坯智能成型系统的注塑量、生产周期、 成型效率、运行稳定性、耗电量等性能和能耗指标提出了更高的要求，不同 行业的客户亦对于塑料瓶包装的材质、光照、阻隔、外观等要求不尽相同。 公司需研发新技术、新产品以响应客户需求、顺应行业发展趋势，并针对不 同下游应用领域进行相应的技术开发和储备。如果公司未能敏锐把握市场动 态、研发方向偏离市场预期，或在设计、研发、试验产品的过程中考虑不周 或设计不当，可能导致研发 ...

金融界消息 截至2025年8月13日收盘，华研精机（301138）报收于38.05元，下跌1.12%，换手率 4.34%，成交量2.98万手，成交金额1.13亿元。 资金流向方面，今日主力资金净流出1694.06万元，占比成交额14.96%。其中，超大单净流出886.29万 元、占成交额7.83%，大单净流出807.78万元、占成交额7.13%，中单净流出流入28.74万元、占成交额 0.25%，小单净流入1665.32万元、占成交额14.71%。 通过天眼查大数据分析，广州华研精密机械股份有限公司共对外投资了7家企业，参与招投标项目47 次，知识产权方面有商标信息13条，专利信息170条，此外企业还拥有行政许可72个。 来源：金融界 华研精机最新一期业绩显示，截至2025一季报，公司营业总收入1.30亿元、同比增长12.04%，归属净利 润1408.15万元，同比增长2.10%，扣非净利润1355.15万元，同比增长2.61%，流动比率2.622、速动比率 1.761、资产负债率31.30%。 天眼查商业履历信息显示，广州华研精密机械股份有限公司，成立于2002年，位于广州市，是一家以从 事专用设备制造业为 ...

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].

Market Performance - On May 23, major market indices experienced fluctuations and closed lower, with A-shares trading volume reaching 1.18 trillion yuan, and over 1,100 stocks closing higher, including 52 stocks hitting the daily limit [1] - For the week, the Shanghai Composite Index fell by 0.57%, the ChiNext Index dropped by 0.88%, and the STAR Market 50 Index decreased by 1.47% [1] Individual Stock Performance - Over 1,600 stocks rose this week, with 22 stocks gaining over 30%. Notably, six stocks surged over 50%, with the largest increase being 99.96% for Sanofi [1][2] - Other significant gainers included Huibo Yuntong (301316) and Binhai Energy (000695), both of which saw weekly increases exceeding 60% [1][2] Sector Analysis - Among the stocks that rose over 30%, the pharmaceutical and biological sector had six representatives, followed by light industry manufacturing with three stocks [1] Historical Highs - On May 23, 17 stocks reached historical closing highs, with the pharmaceutical and biological, mechanical equipment, and automotive sectors showing a concentration of high performers [3][4] - The average increase for stocks reaching historical highs was 8.20%, with notable gainers including Xintiandi (301277) and Zhongzhou Special Materials (300963) [3] Institutional Activity - On May 23, ten stocks saw net purchases from institutions, with Yixin Tang (002727) leading at a net buy of 102 million yuan [5][6] - Conversely, institutions sold off stocks such as Hongchuang Holdings (002379) and Tianqimo (002510), each experiencing net sales exceeding 50 million yuan [5][6] Northbound Capital Flow - Northbound capital was present in nine stocks on the trading board, with net purchases in three stocks: Xue Ren Shares (002639), Huibo Yuntong, and Jinlongyu (002882) [7] - Yixin Tang faced the highest net sell-off from northbound capital, totaling 68.98 million yuan [7] Company Announcements - Zhongjin Gold (600489) plans to inject four companies, including Inner Mongolia Jintao, into the company to resolve competition issues [8] - Huakang Clean (301235) won a bid for a healthcare project with a contract value of 60.24 million yuan and a duration of 120 days [8] - Weier Shares (603501) intends to issue H-shares and list on the Hong Kong Stock Exchange [9] - Yunchongma (603130) plans to raise no more than 640 million yuan for a project to produce DTY silk and high-performance leather base fabric [9]

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]