兴业证券股份有限公司 关于广东辰奕智能科技股份有限公司 使用自有资金支付募投项目所需资金并以募集资金等额置换的核查意见 兴业证券股份有限公司（以下简称"兴业证券"或"保荐机构"）作为广东辰奕 智能科技股份有限公司（以下简称"辰奕智能"或"公司"）首次公开发行股票并在 创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》、《上市公司募 集资金监管规则》、《深圳证券交易所创业板股票上市规则（2025 年修订）》及《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（2025 年修订）》等有关规定，对辰奕智能使用自有资金支付募投项目所需资金并以募 集资金等额置换的事项进行了审慎核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意广东辰奕智能科技股份有限公司首次 公开发行股票注册的批复》(证监许可〔2023〕1491 号)同意注册，公司首次公开 发行 1200 万股人民币普通股(A 股)，每股面值为 1.00 元，每股发行价格为 48.94 元，募集资金总额为人民币 58,728.00 万元，扣除发行费用 6,364.01 万元(不含增 值税)后，募集资金净额为 ...

Group 1 - The core point of the article is that Chenyi Intelligent (SZ 301578) held its fourth board meeting on October 27, 2025, to review the proposal for the 2025 third quarter report [1] - For the year 2024, the revenue composition of Chenyi Intelligent is entirely from the manufacturing of computers, communications, and other electronic devices, accounting for 100.0% [1] - As of the time of reporting, Chenyi Intelligent has a market capitalization of 3.1 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation [1] - The article suggests that a new "slow bull" market pattern is emerging [1]

智通财经APP讯，辰奕智能(301578.SZ)发布2025年三季度报告，该公司前三季度营业收入为6.04亿元， 同比减少2.40%。归属于上市公司股东的净利润为2144.61万元，同比减少34.50%。归属于上市公司股东 的扣除非经常性损益的净利润为1658.23万元，同比减少46.34%。基本每股收益为0.26元。 ...

Financial Performance - Revenue for Q3 2025 was ¥185,606,518.24, a decrease of 14.03% compared to the same period last year[5] - Net profit attributable to shareholders was -¥2,207,335.16, down 124.14% year-on-year[5] - Basic earnings per share were -¥0.03, a decline of 126.00% compared to the previous year[5] - Total operating revenue for the period was CNY 603,768,594.04, a decrease of 2.6% from CNY 618,584,185.13 in the previous period[19] - Net profit for the period was CNY 21,446,065.00, down 34.5% from CNY 32,743,168.10 in the previous period[20] - Total comprehensive income for the period was CNY 20,944,238.85, down from CNY 32,737,700.01 in the previous period, representing a decrease of approximately 36%[21] - Basic and diluted earnings per share were both CNY 0.26, compared to CNY 0.4 in the previous period, indicating a decline of 35%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,397,961,513.57, a decrease of 5.05% from the end of the previous year[5] - Total assets decreased to CNY 1,397,961,513.57 from CNY 1,472,249,009.63, a decline of 5.0%[18] - Total liabilities decreased to CNY 467,051,198.78 from CNY 536,871,073.61, a reduction of 12.9%[18] - The company’s total equity decreased slightly to CNY 930,910,314.79 from CNY 935,377,936.02, a decline of 0.5%[18] Cash Flow - Cash flow from operating activities was ¥64,542,848.17, an increase of 16.16% year-on-year[9] - Cash inflow from operating activities totaled CNY 746,700,456.36, an increase of 14.5% from CNY 652,236,997.10 in the previous period[22] - Net cash flow from operating activities was CNY 64,542,848.17, up from CNY 55,564,420.37, reflecting an increase of 16%[22] - Cash inflow from investment activities was CNY 281,479,932.36, down 46.6% from CNY 528,239,791.38 in the previous period[23] - Net cash flow from investment activities was CNY 48,531,827.56, a significant improvement from a negative CNY 367,462,898.65 in the previous period[23] - Cash inflow from financing activities was CNY 29,918,574.92, compared to CNY 36,421,217.99 in the previous period, showing a decrease of 18%[23] - Net cash flow from financing activities was negative CNY 43,288,593.25, an improvement from negative CNY 70,648,081.03 in the previous period[23] - The ending cash and cash equivalents balance was CNY 323,244,269.36, up from CNY 228,579,272.19 in the previous period, indicating an increase of 41.5%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,219[11] - The largest shareholder, Hu Weiqing, holds 40.74% of shares, totaling 33,195,825 shares[11] - The second largest shareholder, Huizhou Chenyu Investment Management, holds 14.93% of shares, totaling 12,168,000 shares[11] - The total number of restricted shares at the end of the period is 58,315,491, with 13,738,491 shares newly restricted during the period[13] - Hu Weiqing indirectly holds 9,859,467 shares through affiliated investment management companies, indicating a concerted action relationship among certain shareholders[11] - The total number of shares held by the top 10 unrestricted shareholders is 1,546,940 shares[11] Governance and Management - The company plans to hold its first extraordinary general meeting of 2025 on August 13, 2025, to discuss changes in registered capital and amendments to the Articles of Association[14] - The company has completed the election of the fourth board of directors, which includes 5 non-independent directors and 3 independent directors[15] - The company has revised its governance-related systems in accordance with the latest regulations from the China Securities Regulatory Commission[15] - The company has no preferred shareholders or changes in preferred shareholder structure reported[12] Operational Metrics - Inventory increased by 30.16% to ¥103,125,983.29, primarily due to an increase in stock[9] - The company’s inventory increased to CNY 103,125,983.29 from CNY 79,227,792.39, reflecting a growth of 30.2%[16] - Research and development expenses rose to CNY 33,665,270.05, up 17.5% from CNY 28,552,421.99 in the previous period, highlighting a focus on innovation[19] Financial Adjustments - The company reported a decrease in financial expenses by 48.90% to -¥789,311.64, mainly due to foreign exchange rate changes[9] - The third quarter financial report was not audited, which may impact the reliability of the reported figures[24]

Market Overview - The black home appliance sector increased by 1.37% on October 27, with Tongzhou Electronics leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Key stocks in the black home appliance sector showed varied performance: - Tongzhou Electronics (002052) closed at 16.37, up 3.61% with a trading volume of 453,300 shares and a turnover of 737 million yuan - Sichuan Changhong (600839) closed at 10.39, up 3.28% with a trading volume of 2,249,600 shares and a turnover of 2.323 billion yuan - Sichuan Jiuzhou (000801) closed at 15.80, up 1.87% with a trading volume of 171,400 shares and a turnover of 270 million yuan - Hisense Visual (600060) closed at 24.67, up 0.98% with a trading volume of 150,600 shares and a turnover of 372 million yuan - XGIMI Technology (688696) closed at 106.90, up 0.85% with a trading volume of 8,412 shares and a turnover of 89.9062 million yuan - Other stocks like ST Gauss (002848) and Skyworth Digital (000810) saw declines of 2.45% and 3.56% respectively [1] Capital Flow - The black home appliance sector experienced a net inflow of 243 million yuan from institutional investors, while retail investors saw a net outflow of 61.9178 million yuan [1] - Detailed capital flow for key stocks: - Sichuan Changhong had a net inflow of 22.6 million yuan from institutional investors but a net outflow of 77.5479 million yuan from retail investors [2] - Tongzhou Electronics saw a net inflow of 87.8210 million yuan from institutional investors but a net outflow of 61.6663 million yuan from retail investors [2] - XGIMI Technology had a net inflow of 11.9228 million yuan from institutional investors but a net outflow of 12.1622 million yuan from retail investors [2] - Skyworth Digital experienced a significant net outflow of 57.3983 million yuan from retail investors [2]

从资金流向上来看，当日黑色家电板块主力资金净流入4635.66万元，游资资金净流出7721.55万元，散户 资金净流入3085.9万元。黑色家电板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002429 | 非驰股份 | 6382.03万 | 10.10% | -1771.24万 | -2.80% | -4610.79万 | -7.30% | | 002052 同洲电子 | | 2267.35万 | 4.31% | -1739.89万 | -3.31% | -527.46万 | -1.00% | | 600839 四川长虹 | | 1606.11万 | 2.24% | -1052.23万 | -1.47% | -553.88万 | -0.77% | | 688696 极米科技 | | 134.61万 | 1.93% | 481.04万 | 6.89% | -615.65万 | -8.82 ...

Market Overview - The black home appliance sector rose by 0.09% on October 23, with Chenyi Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Key stocks in the black home appliance sector showed varied performance: - Chenyi Intelligent (301578) closed at 36.90, up 1.85% with a trading volume of 11,400 lots and a turnover of 41.57 million yuan [1] - Non-Axis Co. (002429) closed at 6.20, up 0.49% with a trading volume of 1,094,600 lots and a turnover of 681 million yuan [1] - Skyworth Digital (000810) closed at 13.43, up 0.37% with a trading volume of 132,300 lots and a turnover of 177 million yuan [1] - Hisense Visual (600060) closed at 24.46, up 0.29% with a trading volume of 77,000 lots and a turnover of 187 million yuan [1] - Sichuan Changhong (600839) closed at 10.04, up 0.20% with a trading volume of 646,700 lots and a turnover of 64.5 million yuan [1] - Jiuli Technology (688609) closed at 9.52, down 0.21% with a trading volume of 79,900 lots and a turnover of 75.31 million yuan [1] - Other stocks like XGIMI Technology (688696) and Tongzhou Electronics (002052) experienced slight declines [1] Capital Flow - The black home appliance sector saw a net outflow of 67.31 million yuan from institutional investors, while retail investors contributed a net inflow of 45.59 million yuan [1] - Detailed capital flow for key stocks indicates: - Non-Axis Co. (002429) had a net inflow of 69.47 million yuan from institutional investors, but a net outflow from retail investors [2] - Jiuli Technology (688609) experienced significant net outflows from institutional investors [2] - Chenyi Intelligent (301578) also saw a net outflow from institutional investors [2] - Sichuan Changhong (600839) had a net outflow of 45.80 million yuan from institutional investors, while retail investors showed a positive net inflow [2]

Market Performance - The black home appliance sector increased by 1.84% on October 21, with Sichuan Jiuzhou leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Sichuan Jiuzhou (000801) closed at 15.79, up 2.93% with a trading volume of 210,300 shares [1] - Feichi Co., Ltd. (002429) closed at 6.11, up 2.69% with a trading volume of 822,500 shares [1] - Sichuan Changhong (600839) closed at 10.17, up 2.42% with a trading volume of 1,500,800 shares [1] - Other notable stocks include JiuLian Technology (688609) at 9.63, up 2.12%, and Chuangwei Digital (000810) at 13.34, up 1.68% [1] Capital Flow - The black home appliance sector saw a net inflow of 199 million yuan from institutional investors, while retail investors experienced a net outflow of 38.63 million yuan [1] - Major stocks like Sichuan Changhong had a net inflow of 91.88 million yuan from institutional investors, but a net outflow of 57.15 million yuan from retail investors [2] - Feichi Co., Ltd. also experienced a net inflow of 84.74 million yuan from institutional investors, with retail investors seeing a net outflow of 55.16 million yuan [2]

Market Overview - The black home appliance sector increased by 0.69% on October 20, with Jiulian Technology leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - Jiulian Technology (688609) closed at 9.43, up 3.06% with a trading volume of 118,100 shares and a turnover of 111 million yuan [1] - Other notable performers include: - Skyworth Digital (000810) at 13.12, up 2.10% [1] - Cheny Intelligent (301578) at 35.34, up 1.52% [1] - Zhaochi Shares (002429) at 5.95, up 1.19% [1] - Sichuan Jiuzhou (000801) at 15.34, up 0.79% [1] Capital Flow - The black home appliance sector experienced a net outflow of 114 million yuan from institutional investors and 43.64 million yuan from retail investors, while retail investors saw a net inflow of 157 million yuan [1] - Detailed capital flow for key stocks includes: - Hisense Visual (600060) with a net outflow of 8.78 million yuan from institutional investors [2] - Jiulian Technology (688609) with a net inflow of 13.71 million yuan from retail investors despite a net outflow of 14.62 million yuan from institutional investors [2] - Sichuan Changhong (600839) faced a significant net outflow of 55.48 million yuan from institutional investors [2]

Market Performance - The black home appliance sector rose by 0.65% on October 15, with *ST Gauss leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Key stocks in the black home appliance sector showed varied performance, with *ST Gauss closing at 8.62, up 2.01%, and Sichuan Changhong at 10.10, up 0.80% [1] - Other notable stocks included Chenyiy Smart at 35.58, up 1.74%, and Zhaochi Shares at 6.22, up 1.47% [1] Capital Flow - The black home appliance sector experienced a net outflow of 60.26 million yuan from institutional investors, while retail investors saw a net inflow of 60.80 million yuan [1] - Detailed capital flow data indicated that Hisense Visual had a net inflow of 6.49 million yuan from institutional investors, while Sichuan Jiuzhou faced a net outflow of 13.22 million yuan [2]