华辰精密装备（昆山）股份有限公司（以下简称"公司"）第三届董事会薪 酬与考核委员会第五次会议于 2025 年 9 月 26 日召开，根据《中华人民共和国公 司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 华辰精密装备（昆山）股份有限公司 《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深圳证券交易所创 业板股票上市规则》（以下简称"《上市规则》"）等有关法律法规和规范性文件以 及公司《2024 年限制性股票激励计划（草案）》（以下简称"本激励计划"及"《激 励计划》"）、《华辰精密装备（昆山）股份有限公司章程》（以下简称"《公司章程》"） 的规定，公司董事会薪酬与考核委员会对本激励计划预留部分限制性股票授予的 激励对象名单进行审核，发表核查意见如下： 薪酬与考核委员会关于公司 2024 年限制性股票激励计划 预留授予部分激励对象名单（预留授予日）的核查意见 （一）截至本激励计划预留部分授予日，公司 2024 年限制性股票激励计划 预留部分限制性股票的授予的激励对象不存在《管理办法》规定的不得成为激励 对象的情形： 1、最近 12 个月内被证券交易所认定为不适 ...

证券代码：300809 证券简称：华辰装备 公告编号：2025-029 华辰精密装备（昆山）股份有限公司 第三届监事会第十次会议决议公告 本公司及监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、监事会会议召开情况 5、会议召集人：监事会主席王明霞女士 6、会议主持人：监事会主席王明霞女士 7、召开情况合法、合规、合章程性说明：会议的召集召开符合《公司法》 及公司《章程》的规定。 应出席监事会会议的监事人数共 3 人，实际出席本次监事会会议的监事（包 括委托出席的监事人数）共 3 人，缺席本次监事会会议的监事共 0 人。 二、监事会会议审议情况 华辰精密装备（昆山）股份有限公司（以下简称"公司"）召开第三届监事会 第十次会议。 1、会议通知的时间和方式：2025 年 9 月 26 日以口头方式通知 2、会议召开的时间：2025 年 9 月 26 日下午 16:00 3、会议召开的地点：江苏省昆山市周市镇横长泾路 333 号华辰精密装备（昆 山）股份有限公司四楼会议室 4、会议召开方式：现场会议 2025 年 9 月 29 日 1、审议通过《关于向激励对象授予预留部分 ...

华辰精密装备（昆山）股份有限公司 2024 年限制性股票激励计划预留授予部分 激励对象名单（预留授予日） 一、公司 2024 年限制性股票激励计划（以下简称"本次激励计划"）预留 授予限制性股票的分配情况 | 姓名 | 职务 | 获授的限制性股票 | 占预留授予权益 | 占目前总股本的 | | --- | --- | --- | --- | --- | | | | 数量（万股） | 总量的比例 | 比例 | | 徐彩英 | 董事、董事会秘书、副总 经理、财务总监 | 56.00 | 56.00% | 0.2209% | | 公司核心骨干（19 | 人） | 44.00 | 44.00% | 0.1735% | | 合计 | | 100.00 | 100.00% | 0.3944% | 注：1、上述任何一名激励对象通过全部有效期内的股权激励计划获授的本公司股票均 未超过公司总股本的 1.00%。公司全部有效期的激励计划所涉及的标的股票总数累计不超过 本计划公告时公司股本总额的 20.00%。 2、上表中数值若出现总数与各分项数值之和尾数不符，均为四舍五入原因所致。 3、本激励计划预留部分限制性股票授予的激励对象 ...

证券代码：300809 证券简称：华辰装备 公告编号：2025-030 华辰精密装备（昆山）股份有限公司 关于向激励对象授予预留限制性股票的公告 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。 重要内容提示： 华辰精密装备（昆山）股份有限公司（以下简称"公司"）《2024年限制性股 票激励计划（草案）》（以下简称"本激励计划"或"《激励计划》"）规定的 限制性股票预留授予条件已经成就，根据公司2024年第三次临时股东大会授权， 公司于2025年9月26日召开第三届董事会第十次会议、第三届监事会第十次会议， 审议通过了《关于向激励对象授予预留部分限制性股票的议案》，确定以2025 年9月26日为预留部分限制性股票的授予日，以12.33元/股的价格向20名激励对象 授予100.00万股第二类限制性股票。现将有关事项说明如下： 一、激励计划简述及已履行的相关审批程序 （一）激励计划简述 2024年11月29日公司召开2024年第三次临时股东大会，审议通过了《关于< 华辰精密装备（昆山）股份有限公司2024年限制性股票激励计划（草案）>及其 摘要的议案》等相关议案，公 ...

证券简称：华辰装备 证券代码：300809 上海荣正企业咨询服务（集团）股份有限公司 关于 华辰精密装备（昆山）股份有限公司 2024 年限制性股票激励计划 预留授予相关事项 之 本独立财务顾问报告中，以下词语如无特殊说明，在本文中具有如下含义： | 华辰装备、公司、上 | 指 | 华辰精密装备（昆山）股份有限公司 | | --- | --- | --- | | 市公司 | | | | 本激励计划 | 指 | 华辰精密装备（昆山）股份有限公司 年限制性股票激励 2024 | | | | 计划 | | 限制性股票、第二类 | 指 | 符合本激励计划授予条件的激励对象，在满足相应归属条件后 | | 限制性股票 | | 分次获得并登记的公司股票 | | 激励对象 | 指 | 按照本激励计划规定，获得限制性股票的公司员工 | | 授予日 | 指 | 公司向激励对象授予限制性股票的日期，授予日必须为交易日 | | 授予价格 | 指 | 公司授予激励对象每一股限制性股票的价格 | | | | 自限制性股票首次授予之日起到激励对象获授的限制性股票 | | 有效期 | 指 | 全部归属或作废失效的期间 | | 归属 | 指 ...

证券代码：300809 证券简称：华辰装备 公告编号：2025-028 2、会议召开的时间：2025 年 9 月 26 日下午 16:00 3、会议召开的地点：江苏省昆山市周市镇横长泾路 333 号华辰精密装备（昆 山）股份有限公司四楼会议室 4、会议召开方式：现场结合通讯 5、会议召集人：董事长曹宇中先生 6、会议主持人：董事长曹宇中先生 华辰精密装备（昆山）股份有限公司 第三届董事会第十次会议决议公告 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、董事会会议召开情况 华辰精密装备（昆山）股份有限公司（以下简称"公司"）召开第三届董事会 第十次会议。 1、会议通知的时间和方式：2025 年 9 月 26 日以口头方式通知 根据《上市公司股权激励管理办法》《深圳证券交易所创业板股票上市规则》、 公司《2024 年限制性股票激励计划（草案）》的有关规定，以及公司 2024 年第 三次临时股东大会的授权，公司董事会认为本激励计划规定的授予条件已经成 就，同意将预留部分限制性股票的授予日确定为 2025 年 9 月 26 日，向符合授予 条件的 20 名激励对 ...

Core Viewpoint - Huachen Equipment's stock price has shown significant volatility, with a year-to-date increase of 44.08%, but a recent decline over the past five days and twenty days [1][2]. Financial Performance - For the first half of 2025, Huachen Equipment achieved operating revenue of 267 million yuan, representing a year-on-year growth of 19.16%. However, the net profit attributable to shareholders decreased by 28.41% to 34.12 million yuan [2]. - The company has distributed a total of 172 million yuan in dividends since its A-share listing, with 80.83 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 29, Huachen Equipment's stock was trading at 45.50 yuan per share, with a market capitalization of 11.536 billion yuan. The stock experienced a net outflow of 7.27 million yuan in principal funds on that day [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 114 million yuan on March 26 [1]. Shareholder Structure - As of September 19, the number of shareholders for Huachen Equipment increased by 1.75% to 23,000, with an average of 6,553 circulating shares per shareholder, a decrease of 1.72% [2]. - Notable institutional shareholders include Huaxia CSI Robotics ETF, which increased its holdings by 965,200 shares, and Tianhong CSI Robotics ETF, which entered the top ten shareholders list [3].

Group 1 - The core point of the article highlights the phenomenon of "shadow stocks" in the A-share market, particularly in relation to the IPO of Moole Technology, which has sparked significant interest and speculation among investors [1][9] - Since the announcement of Moole Technology's IPO timeline, at least 16 A-share listed companies have responded regarding their holdings in Moole Technology, indicating a strong market reaction [1] - Companies like Shoukai Co., Jinfa Technology, and others have seen substantial stock price increases, but their actual ownership stakes in the companies they are associated with are minimal, often through indirect holdings via investment funds [1][2] Group 2 - The stock price of Heertai surged significantly following news of Moole Technology's IPO, reaching a peak of 60.71 yuan per share before experiencing a decline of over 20% [2] - Heertai directly holds approximately 1.02% of Moole Technology's shares, but the specific investment amount and timing have not been disclosed [2][3] - Other companies like Zhongke Lanyun and Yingqu Technology also hold around 0.34% of Moole Technology, showcasing a trend of indirect investment through funds [2][3] Group 3 - A total of about 70 private equity funds have participated in the financing of Moole Technology, with many A-share listed companies holding shares indirectly through these funds [4] - The trend of listed companies investing in private equity funds has been prevalent, with 195 companies contributing over 21.6 billion yuan to 175 funds this year alone [6] - The historical data shows that since October 2013, listed companies have invested a total of 443.41 billion yuan in private equity funds, indicating a significant level of engagement in this investment strategy [6] Group 4 - The concept of "shadow stocks" is not new in the A-share market, with previous instances of similar phenomena occurring during various market cycles [9] - The relationship between primary market investments and secondary market stock price movements suggests a potential for new narratives and cycles in investor sentiment [9] - The article emphasizes that while the basic fundamentals of shadow stocks may not change significantly due to their association with high-profile companies, the potential for financial returns and strategic opportunities remains [9]

Investment Rating - The report suggests a focus on the robotics industry, particularly on whole machine manufacturers and core component suppliers, with an overall investment rating of "Neutral" for the industry [26]. Core Insights - The humanoid robotics sector is experiencing a dual momentum of "technological deepening" and "scene landing," indicating a positive outlook for the robotics industry [2]. - Google has launched the latest Gemini Robotics 1.5 series, enhancing robot autonomy and task execution capabilities through advanced models [4][16]. - The report highlights significant investment opportunities in various segments of the robotics supply chain, including motors, joints, sensors, and more [18]. Summary by Sections Industry News and Company Dynamics - Jiangsu Donghua Testing Technology Co., Ltd. signed a strategic cooperation agreement with Nantong Zhenkang Machinery Co., Ltd. to enhance collaboration in robotic joint module technology [6]. - Fourier's third-generation humanoid robot GR-3C made its debut at the 2025 Industrial Expo, showcasing advanced design and capabilities [7]. Investment and Financing Dynamics - 1X Robotics is seeking to raise up to $1 billion, aiming for a valuation of at least $10 billion, following the launch of its new home robot Neo Gamma [16]. - Quan Zhibo completed two rounds of financing exceeding 100 million yuan, focusing on talent development and R&D [16]. Investment Recommendations - The report recommends focusing on key robotics component suppliers, including: 1. Motors: Mingzhi Electric 2. Rotating joints: Zhongchen Technology, Shuanghuan Transmission, Landai Technology 3. Linear joints: Hengli Hydraulic 4. Dexterous hands: Zhaowei Electromechanical 5. Encoders: Yap Technology, Fengqiao Technology 6. Sensors: Donghua Testing, Keli Sensor, Anpeilong, Hanwei Technology 7. Screw equipment: Qinchuan Machine Tool, Huachen Equipment 8. Bearings: Longxi Co., Ltd. [18][19]

Core Insights - The article discusses the recent surge in A-share market driven by the IPO of Moore Threads, highlighting the phenomenon of "shadow stocks" where companies with minimal direct investment in the IPO are experiencing significant stock price increases [1][2][11] - It emphasizes that many companies are indirectly holding shares in Moore Threads through private equity funds, leading to a lack of substantial backing for the stock price increases [2][10] Group 1: Moore Threads IPO and Market Reaction - Moore Threads set a record with 63 working days for its IPO approval, prompting a frenzy among A-share companies to clarify their holdings in the company [1] - At least 16 A-share listed companies have responded regarding their stake in Moore Threads, with some companies like Xiamen Guomao and Crystal Electric clarifying their positions on September 25 alone [1] - The stock of Heertai surged significantly following the news of Moore Threads' IPO, reaching a peak of 60.71 CNY per share before dropping over 20% to 48.18 CNY by September 26 [3][4] Group 2: Indirect Holdings and Shadow Stocks - Many companies that have seen stock price increases related to Moore Threads have only minimal indirect holdings, often through private equity funds, such as Heertai holding approximately 1.02% directly [3][4] - Other companies like Zhongke Lanyun and Yingqu Technology hold about 0.34% each, with similar stock price volatility observed [4] - The article notes that around 70 private equity funds have participated in financing Moore Threads, with various A-share companies holding stakes through these funds [7] Group 3: Investment Trends and Market Dynamics - The trend of companies participating as limited partners (LPs) in private equity funds is common, with 195 companies investing over 21.6 billion CNY in 175 funds this year alone [9] - Historical data shows that since October 2013, 1,882 companies have invested a total of 443.41 billion CNY in 3,084 funds, with notable peaks in 2017, 2021, and 2022 [9] - The article suggests that the current "shadow stock" phenomenon is not new, as similar trends have been observed in previous market cycles, indicating a recurring pattern in A-share market behavior [11][12]