第二章 人员组成 1 第一条 东莞市凯格精机股份有限公司（以下简称"公司"）为强化董事会决 策功能，做到事前审计、专业审计，确保董事会对经理层的有效监 督，完善公司治理结构，根据《中华人民共和国公司法》《上市公司 治理准则》《上市公司独立董事管理办法》《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》《东莞市凯格 精机股份有限公司章程》（以下简称《公司章程》）及其他有关规定， 公司特设立董事会审计委员会（以下简称"审计委员会"），并制定 本工作细则。 第二条 审计委员会是董事会按照法律、法规及《公司章程》设立的专门工 作机构，主要负责公司内、外部审计的沟通、监督和核查工作。审 计委员会对董事会负责，向董事会报告工作。 第三条 审计委员会成员应当勤勉尽责，切实有效地监督、评估上市公司内 外部审计工作，促进公司建立有效的内部控制并提供真实、准确、 完整的财务报告。审计委员会成员应当具备履行审计委员会工作职 责的专业知识和经验。 第四条 审计委员会成员由三名不在公司担任高级管理人员的董事组成，其 中包括独立董事两名，委员中至少有一名独立董事为专业会计人士。 公司董事会成员中的职工代表可以成 ...

东莞市凯格精机股份有限公司 独立董事工作制度 第一章 总 则 1 第一条 为进一步完善东莞市凯格精机股份有限公司（以下简称"公司"） 的治理结构，促进公司的规范运作，维护公司整体利益，保障全 体股东特别是中小股东的合法权益不受损害，《中华人民共和国公 司法》（以下简称《公司法》）、《上市公司独立董事管理办法》《深 圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司 规范运作》《深圳证券交易所创业板股票上市规则》以及《东莞市 凯格精机股份有限公司章程》（以下简称《公司章程》）的有关规 定，制定本工作制度。 第二条 独立董事是指不在公司担任除董事外的任何其他职务，并与公司 及其主要股东、实际控制人不存在直接或者间接利害关系，或者 其他可能影响其进行独立客观判断的关系的董事。独立董事应当 独立履行职责，不受公司及其主要股东、实际控制人等单位或个 人的影响。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务。独立董事应当 在公司治理、内部控制、信息披露、财务监督等各方面积极履职， 并对其履行职责的情况进行书面记载。若发现所审议事项存在影 响其独立性的情况，应当向公司申明并实行回避。任职期间出现 明显影响独 ...

第一章 总则 第二章 总经理及其他高级管理人员的聘任和解聘 东莞市凯格精机股份有限公司 总经理工作细则 第三条 公司设总经理一名，经董事长提名由董事会聘任或解聘。公司设副总经 理若干名、财务总监一名、经总经理提名由董事会聘任或解聘。公司设 董事会秘书一名，经董事长提名由董事会聘任或解聘。 公司总经理、副总经理、财务总监和董事会秘书为公司高级管理人员。 1 第一条 为了进一步完善东莞市凯格精机股份有限公司（以下简称"公司"）法人 治理结构，规范总经理及其他高级管理人员履行职责的行为，健全总经 理领导下经营管理层的议事、决策程序，确保企业高效、有序运作，根 据《中华人民共和国公司法》《上市公司治理准则》《深圳证券交易所创 业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—— 创业板上市公司规范运作》等法律、行政法规、规范性文件及《东莞市 凯格精机股份有限公司章程》（以下简称《公司章程》）的相关规定，并 结合公司实际情况，制定本细则。 第二条 本细则对公司全体高级管理人员具有约束力。 第四条 有下列情形之一的，不得担任公司高级管理人员： (一) 无民事行为能力或者限制民事行为能力； (二) 因贪污、 ...

Market Performance - The specialized equipment sector increased by 0.81% on September 22, with Bai'ao Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Top Gainers - Bai'ao Intelligent (300836) closed at 56.41, up 20.00% with a trading volume of 94,100 shares and a transaction value of 486 million [1] - Lihexing (301013) closed at 30.50, up 14.62% with a trading volume of 855,800 shares and a transaction value of 2.507 billion [1] - Kaige Precision Machinery (301338) closed at 75.23, up 14.33% with a trading volume of 79,800 shares and a transaction value of 573 million [1] Other Notable Performers - Hezhuan Intelligent (603011) closed at 18.66, up 10.02% with a trading volume of 1,003,600 shares and a transaction value of 1.804 billion [1] - Jinggong Technology (002006) closed at 22.52, up 10.01% with a trading volume of 670,800 shares and a transaction value of 1.470 billion [1] - Yingxiongke (002837) closed at 81.88, up 9.99% with a trading volume of 604,300 shares and a transaction value of 4.837 billion [1] Market Flow - The specialized equipment sector saw a net inflow of 618 million from institutional investors, while retail investors contributed a net inflow of 150 million [2] - The sector experienced a net outflow of 767 million from speculative funds [2] Individual Stock Fund Flow - Yingweike (002837) had a net inflow of 111.7 million from institutional investors, while it faced a net outflow of 78.9 million from speculative funds [3] - Hezhuan Intelligent (603011) saw a net inflow of 31.6 million from institutional investors, with a net outflow of 10.3 million from speculative funds [3] - Jinggong Technology (002006) had a net inflow of 20 million from institutional investors, while it faced a net outflow of 61.1 million from speculative funds [3]

（文章来源：每日经济新闻） 每经AI快讯，9月22日，凯格精机涨10.49%，报72.7元/股，股价再创新高，总市值突破77.35亿元，成交 额达2.30亿元。 ...

Group 1 - The stock price of Kaige Precision Machinery reached a historical high, increasing by 11.82% to 73.58 yuan, with a trading volume of 3.5714 million shares and a transaction amount of 249 million yuan, resulting in a turnover rate of 6.04% [1] - The latest total market capitalization of the company in A-shares is 7.829 billion yuan, while the circulating market capitalization is not specified [1] - The machinery equipment industry, to which the company belongs, has an overall increase of 0.39%, with 276 stocks rising and 5 stocks hitting the daily limit, including Keri Technology and Haiou Shares [1] Group 2 - As of September 19, the latest margin trading balance for the company is 142 million yuan, with a financing balance of 142 million yuan, showing an increase of 19.6933 million yuan over the past 10 days, representing a growth of 16.15% [1] - The company's semi-annual report indicates that it achieved an operating income of 454 million yuan in the first half of the year, a year-on-year increase of 26.22%, and a net profit of 67.142 million yuan, a year-on-year increase of 144.18% [1] - The basic earnings per share are reported at 0.6300 yuan, with a weighted average return on equity of 4.4% [1]

Summary of Keg Precision Machinery Conference Call Company Overview - Keg Precision Machinery is the global leader in the solder paste printing machine market, holding a 21% market share in 2024 and a shipment share of 30% [2][3] - Major competitors include ASMPT and ITW, with Keg's equipment playing a crucial role in SMT production lines despite its small investment share of approximately 6% [3] Core Business Insights - The main business involves solder paste printing equipment, essential for SMT production lines, which significantly impacts yield rates, with about 70% of defects arising from this process [3] - The global solder paste printing machine market is projected to be around 3 billion RMB in 2024 [3] Financial Performance - In the first half of 2025, the company reported profits nearing 70 million RMB, more than doubling year-on-year [4][13] - The total value of goods shipped exceeded 400 million RMB, with an expected annual performance of around 200 million RMB [4][14] - The gross margin for solder paste printing equipment reached 47% in the first half of 2025, a 7 percentage point increase year-on-year [8][14] Market Demand and Growth Drivers - Significant growth in orders since the second half of 2024, driven by the demand for AI servers, which require high-end solder paste printing equipment [6] - The expected doubling of AI server shipments in 2025 will lead to increased capital expenditure on solder paste printing equipment [6] Product and Technology Developments - Keg is expanding into the dispensing machine market, with global demand estimated at 6 billion RMB, aiming for substantial market share growth [2][10] - The company is also focusing on advanced packaging equipment in the semiconductor sector, with total revenue from this segment expected to reach 60 million RMB in 2024 [11] Competitive Positioning - Keg's solder paste printing equipment has varying gross margins, with high-end models achieving up to 65% [7] - The average price for high-end equipment has increased to 600,000-700,000 RMB due to rising demand from AI servers [7][8] Future Outlook - The establishment of a semiconductor SIP packaging division and implementation of an equity incentive plan for R&D personnel indicate a strong commitment to future growth [12] - The company anticipates a significant increase in revenue from dispensing machines and advanced packaging equipment, with projections for 2026 reaching 400 million RMB [4][14] Conclusion - Keg Precision Machinery is well-positioned in the solder paste printing market, with strong financial performance and growth prospects driven by technological advancements and increasing demand in the AI server sector [2][4][6][12]

Core Insights - The PCB (Printed Circuit Board) industry is experiencing growth driven by advancements in AI, high-speed computing, and new energy applications, leading to a trend towards higher layers, density, performance, and efficient transmission [1][4] Market Overview - The global PCB market is projected to grow steadily, with an estimated compound annual growth rate (CAGR) of 5.2% from 2024 to 2029, reaching a market value of approximately $94.66 billion by 2029 [3] - Rigid boards dominate the market, with multilayer boards expected to account for 38.05% of the global PCB market value in 2024, while single/double-sided boards will represent 10.80% [3] Product Segmentation - PCB can be categorized into rigid boards, flexible boards (FPC), and rigid-flex boards, with each type serving different applications based on their characteristics [2] - High-Density Interconnect (HDI) boards are becoming essential in consumer electronics and high-end computing, driven by the demand for miniaturization and high integration [2][3] Technological Trends - The development of AI is significantly reshaping PCB technology, with a focus on high-layer and high-level HDI as core directions for industry evolution [4] - The complexity of PCB production processes is increasing, particularly in exposure, drilling, plating, and hole formation, necessitating high-precision and efficient equipment [4] Investment Opportunities - Companies related to PCB equipment, such as Dazhong CNC, Chipbond Technology, Dingtai High-tech, Dongwei Technology, and Kaige Precision Machinery, are recommended for investment [5]

证券代码：301338 证券简称：凯格精机 公告编号：2025-035 东莞市凯格精机股份有限公司 关于参加广东辖区 2025 年投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，东莞市凯格精机股份有限公司（以下简 称"公司"）将参加由广东证监局、广东上市公司协会与深圳市全景网络有限公 司联合举办的"向新提质 价值领航--2025 年广东辖区投资者集体接待日暨辖区 上市公司中报业绩说明会"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 9 月 19 日（周五）15:30-17:00。 届时公司董事长邱国良先生，董事兼总经理刘小宁先生，财务总监宋开屏女 士，董事会秘书邱靖琳女士，独立董事王钢先生，独立董事谢园保先生将在线就 公司 2025 年半年度业绩、公司治理、发展战略、经营状况、股权激励和可持续 发展等投资者关心的问题 ...

Investment Rating - The report maintains a "Positive" investment rating for the mechanical equipment industry [6]. Core Insights - The mechanical equipment industry experienced a year-on-year revenue growth of 7.64% in Q2 2025, with a narrowing growth rate compared to the previous quarter. Key segments with accelerated revenue growth include wind power equipment, PCB(A), shipbuilding, lithium battery equipment, and instruments [13][18]. - The industry saw a year-on-year increase in net profit excluding non-recurring items of 16.22% in Q2 2025, with wind power and lithium battery equipment showing accelerated growth. The shipbuilding sector led with a 106% year-on-year increase, although this was affected by a low base [18][31]. - The overall profitability of the mechanical equipment industry strengthened in Q2 2025, with notable performance in the shipbuilding, railway equipment, and oil and gas equipment sectors [31]. Summary by Sections Overall Mechanical Equipment Overview - The mechanical equipment industry reported a year-on-year revenue growth of 7.64% in Q2 2025, with revenue growth accelerating in specific segments [13]. - The net profit excluding non-recurring items grew by 16.22% year-on-year, with wind power and lithium battery equipment leading the growth [18]. - The industry’s net profit margin increased by 0.38 percentage points year-on-year in Q2 2025, indicating improved profitability across various segments [25]. Subsector Performance - The engineering machinery sector saw a revenue increase of 8.7% in H1 2025, driven by strong overseas sales and diversified business contributions [44]. - Major companies in the engineering machinery sector, such as SANY Heavy Industry and XCMG, reported significant revenue growth, with SANY achieving a 15% increase year-on-year in H1 2025 [41][44]. - The overall net profit for the engineering machinery sector reached 161 billion yuan in H1 2025, reflecting a 25.1% year-on-year increase, with profit growth outpacing revenue growth [45].