Group 1: Robotics Industry - The U.S. government is focusing on the development of robotics, indicating that robotics technology is becoming a key frontier in U.S.-China competition, with potential for continued resonance between the two countries' industries [1] - The Trump administration's actions suggest a strategic elevation of the U.S. robotics industry, with domestic policies expected to follow suit [1] - U.S. companies are actively investing in the robotics sector, creating a closed loop of "model-simulation-hardware," while China's supply chain is accelerating the implementation of robotics in various scenarios [1] Group 2: Construction Machinery - In November, domestic excavator sales exceeded expectations, and exports maintained high growth rates despite a high base, indicating a strong overall fundamental outlook for the sector [2] - The upward trend in both domestic and international sales of construction machinery has been validated, with a focus on overseas markets where profits from exports account for about 70% of many companies [2] - The performance of companies in the construction machinery sector remains strong, with non-excavator domestic sales also showing significant growth [2] Group 3: Lithium Battery Equipment - The electrification of ships is expanding the application of lithium batteries into new scenarios, with a positive outlook for lithium battery equipment in the upcoming year [3] - The demand for lithium batteries is expected to increase as new technologies like solid-state and sodium-ion batteries emerge, enhancing the electrification rate across various sectors [3] - The mid-term acceptance of solid-state batteries is anticipated to be completed by the end of the year, leading to a new round of order tenders from leading battery manufacturers and vehicle manufacturers [3] Group 4: PCB Equipment - The PCB industry is experiencing a resurgence, characterized by high-end product development and factory establishment in Southeast Asia, which is driving the demand for PCB equipment upgrades [4] - Key segments of PCB equipment, such as drilling and plating, hold significant value and are critical for circuit board performance [4] - The industry is evolving towards higher layer counts and more precise wiring due to AI-driven advancements, necessitating improvements in processing technology [4] Group 5: Forklifts & Mobile Robots - Sales of large forklifts are maintaining growth, with domestic sales increasing by 5% to 16% and exports growing by 8% to 23% from July to October [5] - The industry is optimistic about the upward trend in demand for smart logistics and unmanned forklifts, with major companies launching intelligent logistics products in Q4 [5] Group 6: Recommended Companies in Machinery Sector - Key companies recommended include Hengli Hydraulic, Aibin Technology, LiuGong, XCMG, Jereh, Naipu Mining, SANY Heavy Industry, Zoomlion, Anhui Heli, Hangcha Group, Huace Testing, Shoucheng Holdings, Xian Dao Intelligent, Bozhong Precision, Haitai International, Yizhiming, Puyuan Precision Electronics, Zhongji United, and Maiwei Shares [6]

Robotics - Ruichip Micro has collaborated with Yushu Technology and Yundong Technology on humanoid robots and related products [1] - Feirongda offers dexterous hands and joint modules, with some products in small batch supply [1] - Zhonghaidah has secured IMU product contracts with three domestic intelligent robot companies and achieved small batch delivery [1] - Sanan Optoelectronics produces GaN chips for humanoid robot joints and dexterous hand motors [1] - Baiwei Storage's LPDDR4X and eMMC storage products are used in Yushu Technology's Go2 intelligent robotic dog [1] - Keda Li's robot business is progressing steadily, though revenue contribution remains low [1] - China Duty Free Group has not included robots in the tax-exempt product categories [1] Commercial Aerospace - Chaojie Co. has delivered shell segments and fairings for rockets in bulk, with a strong order backlog [1] - Guoguang Electric's Hall electric thruster components have been successfully applied in manned space engineering and small satellite sales [1] - Shunhao Co.'s subsidiary, Treadlight, has completed the first generation of experimental satellites, which have not yet been launched [1] - Sitake's core products, 3D SPI and 3D AOI, are used in quality control for commercial aerospace processes [1] - Xinwei Communication is the exclusive supplier of certain components for satellite ground terminal products for a major North American client [1] - Shagang Group has no current investment projects in the satellite internet finance sector [1] AI Glasses - Guangpu Co.'s FPC products are applicable in AI glasses [1] Photoresists - Nanda Optoelectronics has an existing production capacity of 50 tons per year for Arf photoresists [1] Other Technologies - Huilun Crystal's TCXO products are used in satellite communication and Beidou navigation [1] - Dongfang Electric's lithium battery shell pre-plated nickel materials are in mass production, with a monthly output of 2000 tons [1] - Dazhong Mining's Jizhaoshan lithium mine is expected to produce approximately 80,000 tons of lithium carbonate annually from 20 million tons of raw ore [1] - Xidi Micro has launched 10-20A high current POL chips and is adapting with multiple downstream clients [1] - Bozhong Precision is developing equipment for the next generation 1.6T optical module products [1] - Shengmei Shanghai has introduced several devices compatible with HBM processes [1] Semiconductor Materials - Meichang Co. has successfully developed specialized diamond wire for cutting semiconductor materials [2] - Anli Co. has achieved mass production of certain products in the bio-based and recycling sectors [2] - Cheny Intelligent is not a supplier for Foxconn [2]

证券日报网讯12月8日，博众精工在互动平台回答投资者提问时表示，公司推出的全自动高精度共晶机- 星威EF8621、EH9721等已经在光通讯领域的头部企业形成批量销售，并出口至海外，用于目前主流的 400G、800G光模块贴合场景，其所具备的核心技术，如高精度拾取贴合系统、高效共晶加热系统、 wafer供料系统等均达到国际先进水平，同时公司针对下一代1.6T光模块产品的设备研发也正在进行之 中。子公司博众仪器目前经营一切正常，其在年中发布的200KV透射电子显微镜产品已获得批量订单， 目前正在生产交付过程中。 ...

博众精工在互动平台表示，公司推出的全自动高精度共晶机-星威EF8621、EH9721等已经在光通讯领域 的头部企业形成批量销售，并出口至海外，用于目前主流的400G、800G光模块贴合场景，其所具备的 核心技术，如高精度拾取贴合系统、高效共晶加热系统、wafer 供料系统等均达国际先进水平，同时公 司针对下一代1.6T光模块产品的设备研发也正在进行之中。 子公司博众仪器目前经营一切正常，其在 年中发布的200KV透射电子显微镜产品已获得批量订单，目前正在生产交付过程中。 (本文来自第一财经) ...

博众精工在互动平台表示，公司针对下一代1.6T光模块产品的设备研发也正在进行之中。子公司博众仪 器目前经营一切正常，其在年中发布的200KV透射电子显微镜产品已获得批量订单，目前正在生产交付 过程中。 ...

Core Viewpoint - The rapid IPO approval of Dalian Meidele Industrial Automation Co., Ltd. raises questions about its financial health and growth amidst a declining industrial automation market, with concerns about potential irregularities in its revenue recognition practices [1][24]. Group 1: Company Performance - Dalian Meidele's revenue for 2024 is projected to be 1.138 billion yuan, reflecting a year-on-year increase of 12.73%, with a more aggressive growth forecast of 35.13% for the first half of 2025, reaching 712 million yuan [1]. - In contrast, comparable companies such as Yihua and XianDao Intelligent are expected to see an average revenue decline of 16.99% in 2024, indicating a significant divergence in performance [4]. Group 2: Customer Dynamics - The company's largest customer, BYD, saw its orders drop from 509 million yuan in 2022 to only 117 million yuan in 2024, a decline of 77.06%, while another customer, XianDao Intelligent, experienced a dramatic increase in sales to 244 million yuan, up 287.55% [6]. - This contradictory trend raises concerns about the sustainability of Meidele's growth, especially as XianDao's own revenue is projected to decline by 28.71% in 2024 [8]. Group 3: Revenue Recognition Issues - Meidele reportedly recognized over 222 million yuan in revenue from acceptance documents lacking official seals from 2022 to the first half of 2025, with such documents accounting for up to 17.69% of the recognized revenue during certain periods [11]. - There are significant discrepancies in the signing of acceptance documents, with over 30.94 million yuan in contracts in 2024 having mismatched signers, raising questions about the legitimacy of these transactions [15]. - The use of incorrect seals on acceptance documents, such as using shipping seals instead of acceptance seals, further complicates the validity of the recognized revenue [17]. Group 4: Underwriting and Regulatory Concerns - The underwriting firm, Guotai Junan, has been criticized for its lax verification processes, failing to adequately check the legitimacy of acceptance documents and the authority of signers [20][22]. - The rapid approval of Meidele's IPO, without solid financial backing and proper regulatory scrutiny, suggests potential risks to investor trust and the integrity of the capital market [24][26].

半年闯关成功，业绩却不对劲 11 月 27 日，大连美德乐在北交所顺利闯关过会，从 5 月申报受理到成功过会，前后才半年时间，速度 快得惊人。 这不仅让它成为今年第 82 家过会企业，也给保荐机构国泰海通添了彩 —— 这是他们年内第 12 单保荐 成功的项目。 作为国家级专精特新"小巨人"，美德乐的业绩看着确实亮眼：2024 年营收 11.38 亿元，净利润超 2 亿， 2025 年上半年更是狂揽 7.12 亿元营收，同比大增 35.13%，咋看都是势头正盛的好企业。 但你发现没，这增长背后全是疑点，根本不合常理！咱们先看订单数据： 2022 到 2024 这三年，新增订单的复合增长率居然是 - 20.47%，简单说就是这三年新接的单子不光没 涨，还实打实跌了两成多。 尤其是 2023 年，新增订单直接暴跌 38.88%，业绩增长完全没新订单撑着，就像无源之水。 再看同行的情况，2024 年整个行业都不景气，除了博众精工勉强微增 2.36%，怡合达、先导智能这些 同行可比公司全线下滑，平均跌幅高达 16.99%。 偏偏在这种大环境下，美德乐逆势上涨 12.73%，这反差也太大了吧？ 更让人摸不着头脑的是大客户 ...

证券代码：688097 证券简称：博众精工 公告编号：2025-060 博众精工科技股份有限公司 关于 2023 年限制性股票激励计划第二个归属期、2024 年 限制性股票激励计划首次授予部分（第二批次）及预留授 予部分第一个归属期归属结果公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次归属股票数量：1,054,940 股，其中，2023 年限制性股票激励计划首次授 予部分第二个归属期归属 971,535 股；2024 年限制性股票激励计划首次授予部分第一 个归属期（第二批次）及预留授予部分第一个归属期归属 83,405 股； 本次归属股票来源： 博众精工科技股份有限公司（以下简称"公司"）从二级 市场回购的公司 A 股普通股股票 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责任公司 有关业务规则的规定，公司于 2025 年 12 月 5 日收到中国证券登记结算有限责任公司出 具的《过户登记确认书》，公司 2023 年限制性股票激励计划首次授予部分第二个归属 期、2024 年限 ...

图①：重庆长安汽车股份有限公司特级技师唐跃辉（前）为员工进行技术 辅导。 王加喜摄 图②：莱克电气股份有限公司考评员在职业技能等级认定现场开展技术交 流。 邢 勇摄 图③：洛阳三隆安装检修有限公司组织汽轮机检修实操培训。 权治飞摄 引 子 从高级工到技师，河南洛阳三隆安装检修有限公司职工关书达用了8年。"技能水平早够格，可过去评定 通道窄，一耽搁就是好些年。"他惋惜地说。 随着"企业技能人才自主评价"政策逐步推广，按照"谁用人、谁评价、谁负责"原则，符合条件的企业， 可依据国家职业技能标准或行业企业评价规范，面向职工自主开展职业技能水平考核与等级认定。"评 什么、怎么评、如何用"，均由企业说了算。2023年，参加并通过企业考核后，关书达成功晋升为技 师。 习近平总书记强调，"要健全技能人才培养、使用、评价、激励制度"。2019年8月，《人力资源社会保 障部关于改革完善技能人才评价制度的意见》印发，提出"建立并推行职业技能等级制度，由用人单位 和社会培训评价组织按照有关规定开展职业技能等级认定。"2025年1月，人力资源社会保障部等8部门 联合印发《关于推动技能强企工作的指导意见》，明确"支持企业自主开展职业技 ...

证券代码：688097 证券简称：博众精工 公告编号：2025-059 博众精工科技股份有限公司 关于增加 2025 年度日常关联交易预计的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次关联交易无需提交博众精工科技股份有限公司（以下简称"公司"）股东 会审议 日常关联交易对上市公司的影响：本次公司增加的关联交易系为满足公司正常 生产经营所需，属于正常生产经营业务的范畴，以市场价格为定价依据，遵循平等自愿 原则，交易风险可控，不存在损害公司及股东利益的情况。本次日常关联交易不会影响 公司的独立性，公司不会因上述交易而对关联方形成依赖。 一、日常关联交易基本情况 （一）日常关联交易履行审议程序 2025 年 12 月 2 日，公司召开第三届独立董事 2025 年第三次专门会议审议通过了 《关于增加 2025 年度日常关联交易预计的议案》。全体独立董事认为：公司本次增加 2025 年度日常关联交易预计系为满足公司正常生产经营所需，遵循公开、公平、公正 的原则，定价公允合理，不会对公司财务状况和经营成果 ...