Core Points - The company, Kaige Precision Machinery (301338.SZ), has received a criminal judgment from the Dongguan First People's Court regarding its general manager, Mr. Deng Di, who was convicted of dangerous driving [1] Summary by Category Legal Issues - Mr. Deng Di has been sentenced to one month of detention, with a three-month probation period, and fined 3,500 RMB due to the conviction [1]

智通财经APP讯，凯格精机(301338.SZ)公告，公司收到总经理邓迪先生送达的广东省东莞市第一人民法 院对其作出的《刑事判决书》，邓迪先生因犯危险驾驶罪，被判处拘役一个月，缓刑三个月，并处罚金 人民币3500元。 ...

凯格精机11月21日晚间公告，公司近日收到总经理邓迪送达的广东省东莞市第一人民法院对其作出的 《刑事判决书》，邓迪因犯危险驾驶罪，被判处拘役一个月，缓刑三个月，并处罚金人民币3500元。至 公告披露日，公司日常经营运作一切正常，各项工作有条不紊地推进，总经理邓迪能够正常履行职责， 公司及邓迪再次就此事带来的不良影响，向广大投资者致以诚挚的歉意。 ...

Core Viewpoint - The company announced that its general manager, Deng Di, was sentenced to one month of detention with a three-month probation for dangerous driving, along with a fine of 3,500 RMB. However, the company's daily operations remain normal, and Deng Di is able to fulfill his responsibilities [1] Company Summary - The general manager, Deng Di, has been sentenced for dangerous driving but is still able to perform his duties [1] - The company's daily operations are reported to be functioning normally despite the legal issues faced by the general manager [1]

公司今后将进一步强化董事、高级管理人员及全体员工的法律意识，督促公 司全体人员在工作和生活中加强自我约束，严格遵守国家法律法规和公司各项规 章制度，切实履行遵纪守法的公民义务。敬请广大投资者理性决策，审慎评估投 资风险。 关于高级管理人员被采取强制措施的进展公告 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。 东莞市凯格精机股份有限公司（以下简称"公司"）于 2025 年 11 月 12 日披 露《关于收到高级管理人员被采取强制措施的公告》（公告编号：2025-054），详 细内容敬请查阅公司在巨潮资讯网（www.cninfo.com.cn）发布的公告。近日，公 司收到总经理邓迪先生送达的广东省东莞市第一人民法院对其作出的《刑事判决 书》，邓迪先生因犯危险驾驶罪，被判处拘役一个月，缓刑三个月，并处罚金人 民币 3500 元。 截至公告披露日，公司日常经营运作一切正常，各项工作有条不紊地推进， 总经理邓迪先生能够正常履行职责，公司及邓迪先生再次就此事带来的不良影响， 向广大投资者致以诚挚的歉意。 证券代码：301338 证券简称：凯格精机 公告编号：2025-0 ...

Core Viewpoint - The company, Keg Precision Machinery, has shown significant growth in revenue and profit in the third quarter of 2025, driven by increased demand for its solder paste printing equipment, which is crucial in the electronic manufacturing industry [3][4]. Group 1: Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 774.92 million yuan, representing a year-on-year growth of 34.21% [3]. - The net profit attributable to the parent company was 121.26 million yuan, with a remarkable year-on-year increase of 175.35% [3]. - In the third quarter alone, the company recorded a revenue of 321.31 million yuan, up 47.40% year-on-year, and a net profit of 54.12 million yuan, which is a substantial increase of 227.15% [3]. Group 2: Industry Demand Drivers - The demand for electronic assembly equipment is influenced by several factors, including the expansion of AI infrastructure investments, which has led to a strong growth in the AI server market [4]. - A recovery in consumer electronics demand is evident, with global smartphone shipments increasing by 2.6% and PC shipments by 9.4% in the third quarter of 2025 [4]. - The penetration rate of new energy vehicles is rising, which continues to drive the procurement of SMT equipment due to the increasing electronicization of vehicles [6]. Group 3: Company Position and Technology - The company specializes in the research, production, and sales of automation precision equipment, with key products including solder paste printing equipment, dispensing equipment, packaging equipment, and flexible automation equipment [7]. - The company is recognized as a national high-tech enterprise and has achieved significant technological capabilities, particularly in solder paste printing equipment, which meets or exceeds international standards [7]. - The company has established a strong customer base, including leading firms such as Foxconn, Huawei, and BYD, which enhances its brand recognition and market position [9]. Group 4: Market Opportunities - The market share for solder paste printing equipment has potential for further growth, especially as the demand in emerging sectors like AI terminals, automotive electronics, and smart home devices increases [9]. - The company is actively expanding its market presence internationally, with a subsidiary in Singapore providing technical support and services across various countries [9].

Core Viewpoint - The company Keg Precision Machinery has established a strong brand advantage and quality customer base in the electronic assembly segment, serving major industry players. Group 1: Company Overview - Keg Precision Machinery's products, including solder paste printing equipment, dispensing equipment, and flexible automation equipment, are widely used in the electronic assembly process [1] - The company has accumulated a quality customer base, including leading enterprises such as Foxconn, Luxshare Precision, Huawei, BYD, BOE, and Hikvision [1] - Keg Precision Machinery owns the globally registered trademark "GKG" and sells products to over 50 countries and regions [1] Group 2: Global Presence and Support - The company has established overseas service points in electronic industry concentrated areas such as Malaysia, Vietnam, India, and Mexico through its Singapore subsidiary GKGASIA [1] - This expansion aims to enhance local technical support capabilities [1]

Financial Performance - The company achieved a total revenue of 774.92 million CNY in the first three quarters of 2025, representing a year-on-year increase of 34.21% [3] - Net profit attributable to shareholders reached 121.26 million CNY, a significant year-on-year growth of 175.35% [3] - In Q3 2025 alone, revenue was 321.31 million CNY, showing a year-on-year increase of 47.40%, with net profit soaring by 227.15% to 54.12 million CNY [3] Market Drivers - Growth in revenue is primarily attributed to an increase in acceptance amounts for solder paste printing equipment [3] - Key factors driving demand in the electronic assembly equipment sector include: - Expansion of AI infrastructure investments, leading to strong growth in the AI server market [3] - Recovery in consumer electronics demand, with global smartphone shipments increasing by 2.6% and PC shipments by 9.4% in Q3 2025 [3] - Rising penetration of electric vehicles, which continues to drive the procurement of SMT equipment [3] Product Positioning and Industry Standing - The company specializes in the R&D, production, and sales of automation precision equipment, with key products including solder paste printing equipment, dispensing equipment, and flexible automation equipment [4] - The company is recognized as a national high-tech enterprise and has achieved a competitive edge in solder paste printing technology, surpassing international standards [4] - The company has established a strong customer base, including major clients like Foxconn, Huawei, and BYD, enhancing its brand recognition in the industry [4] Market Opportunities - There is potential for increased market share in solder paste printing equipment, particularly as the demand for PCB applications grows in various sectors, including AI, automotive electronics, and smart home devices [5] - The company is positioned to benefit from the ongoing trend of domestic substitution of imported electronic assembly equipment, particularly in the high-end market [5] - The establishment of service networks in key overseas markets by the company's subsidiary, GKG ASIA, supports its international customer base [5]

Summary of Keg Precision Machinery Conference Call Company Overview - Keg Precision Machinery has a diverse application base with consumer electronics accounting for 33%, automotive electronics and network servers each at 20%, and home appliances, medical devices, and semiconductors at 27% [2][4][10] - The company holds over 30% of the global market share and 50%-60% of the domestic market share [2][4] Key Insights and Arguments - **Growth in AI Server Demand**: The company’s printing equipment segment is expected to grow by 60%-70% this year, generating nearly 300 million yuan in revenue, driven by the demand for AI servers [2][5] - **Profitability Improvement**: The overall gross margin is projected to improve by 10 percentage points, with profits increasing by approximately 200% year-on-year [2][5] - **Product Segmentation**: Laser printing equipment now constitutes 60%-70% of total revenue, with a focus on high-margin products for AI servers and 5G base stations [5][6] - **Inventory and Orders**: As of Q3 2025, the company has approximately 1.1 billion yuan in orders, with 490 million yuan in finished goods and 156 million yuan in contract liabilities [6][9] Industry Dynamics - **Market Position**: Keg Precision Machinery is the global leader in stencil printing equipment, with a market share of about 30% and significant competition from ASMPT and IGW [4][10] - **Future Growth Potential**: The company anticipates continued growth in the stencil printing and dispensing equipment sectors, with annual growth rates of 30%-50% expected over the next 3-5 years [2][8] Additional Important Information - **Export Performance**: Exports, primarily to Southeast Asia and Mexico, have doubled year-on-year, accounting for about 20% of total revenue, with higher gross margins compared to domestic sales due to product structure and pricing differences [2][12] - **Gross Margin Trends**: The overall gross margin is expected to stabilize above 40% and gradually increase, with specific improvements noted in the packaging business [3][13] - **Cash Flow Management**: The company has a manageable accounts receivable situation, with most clients paying within 60 to 90 days, although some long-term accounts may impact cash flow [14] Conclusion Keg Precision Machinery is well-positioned in the market with strong growth prospects driven by AI server demand and a diversified product portfolio. The company’s focus on high-margin products and international expansion, coupled with effective cash flow management, supports its positive outlook for the coming years.

深圳市南山区前海周大福金融大厦南塔（HyQ 前坊）10 楼 10/F, HyQ, Chow Tai Fook Finance Tower, Qian Hai, Shenzhen 518052, China 电话 Tel: +86 755 8351 7570 传真 Fax: +86 755 8351 5502 电邮 Email: shenzhen@tongshang.com 网址 Web: www.tongshang.com 北京市通商（深圳）律师事务所 关于东莞市凯格精机股份有限公司 2025 年第三次临时股东会 的法律意见书 致：东莞市凯格精机股份有限公司 基于上述，经本所律师适当核查，本次股东会的召集、召开程序符合《公 司法》等相关法律、法规和《公司章程》的相关规定。 二、 出席本次股东会的人员的资格和召集人资格 北京市通商（深圳）律师事务所（以下简称"本所"）接受东莞市凯格精机股 份有限公司（以下简称"公司"）的委托，委派贺莉莉律师、胡燕华律师出席公司 2025 年第三次临时股东会（以下简称"本次股东会"）。本所律师现场参加本次 股东会，并根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 ...