证券代码：603337 证券简称：杰克股份 公告编号：2025-041 杰克科技股份有限公司 2024年年度权益分派实施公告 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、准确性和完整性承担法律责任。 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 6 日的2024年年度股东大会审议通过。 重要内容提示： 每股分配比例 A 股每股现金红利0.50元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/5 | － | 2025/6/6 | 2025/6/6 | 差异化分红送转： 是 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 差异化分红送转方案： （1）本次差异化分红方案 1. 发放年度：2024年年度 2. 分派对象： 根据《上海证券交易所上市公司自律监管指引第 ...

证券代码：603337 证券简称：杰克股份 公告编号：2025-042 二、第三期员工持股计划股票出售情况及后续安排 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、准确性和完整性承担法律责任。 杰克科技股份有限公司（以下简称"公司"）第三期员工持股计划持有的公 司股票已全部出售完毕，根据《关于上市公司实施员工持股计划试点的指导意见》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，现 将相关情况公告如下： 一、第三期员工持股计划基本情况 公司于 2021 年 1 月 4 日召开的第五届董事会第十一次会议及 2021 年 1 月 20 日召开的 2021 年第一次临时股东大会审议通过了《关于<杰克科技股份有限 公司第三期员工持股计划（草案）>及其摘要的议案》等相关议案，同意公司实 施第三期员工持股计划。具体内容详见公司于 2021 年 1 月 5 日、2021 年 1 月 21 日在上海证券交易所网站（www.sse.com.cn）披露的相关公告。 截至 2021 年 3 月 24 日，公司第三期员工持股计划已通过二级市场完成公司 ...

Core Viewpoint - The Zhongzheng Taizhou Manufacturing 30 Index has shown a mixed performance, with a recent increase of 5.54% over the past month, but a decline of 7.13% over the last three months, and a year-to-date increase of 4.71% [1][2] Group 1: Index Overview - The Zhongzheng Taizhou Manufacturing 30 Index is composed of listed companies from Taizhou, Zhejiang, and is calculated using free float market capitalization [1] - The index reflects the overall performance of Taizhou enterprises listed on A-shares, global Taizhou enterprises, and the performance of larger, more liquid manufacturing companies in A-shares [1] - The index was established on December 31, 2010, with a base value of 1000.0 points [1] Group 2: Index Holdings - The top ten weighted companies in the Zhongzheng Taizhou Manufacturing 30 Index include: - Shuanghuan Transmission (9.4%) - Tianshan Aluminum (9.12%) - Yinlun Co. (9.11%) - Crystal Optoelectronics (8.88%) - Aerospace Rainbow (6.23%) - Huahai Pharmaceutical (5.96%) - Supor (3.98%) - Weixing Co. (3.92%) - Jiuzhou Pharmaceutical (3.3%) - Jack Co. (3.27%) [1] - The market share of the index holdings is predominantly from the Shenzhen Stock Exchange (77.45%) and the Shanghai Stock Exchange (22.55%) [1] Group 3: Industry Composition - The industry composition of the index holdings is as follows: - Consumer Discretionary: 33.48% - Healthcare: 22.10% - Materials: 18.25% - Industrials: 17.29% - Information Technology: 8.88% [2] - The sample stocks of the Zhongzheng Taizhou Index are adjusted semi-annually, with adjustments occurring on the second Friday after the first trading day of June and December [2] - Special adjustments to the index may occur in cases of stock suspension, delisting, mergers, or other significant corporate actions [2]

Core Insights - The mechanical industry is experiencing pressure on performance due to a weak macroeconomic recovery in 2024, with total revenue reaching 24,902 billion yuan, a year-on-year increase of 5.18%, while net profit attributable to shareholders decreased by 9.90% to 1,377 billion yuan [1] - In Q1 2025, the overall performance of listed companies in the mechanical industry improved, achieving revenue of 5,630 billion yuan, a year-on-year increase of 9.05%, and net profit of 391 billion yuan, a year-on-year increase of 17.43% [1] Revenue and Profitability - The overall gross margin for the mechanical industry in 2024 is 21.82%, down by 1.09 percentage points year-on-year, while the net profit margin is 5.53%, down by 0.93 percentage points year-on-year [2] - In Q1 2025, the gross margin is 21.96%, down by 0.39 percentage points year-on-year but up by 1.09 percentage points quarter-on-quarter, and the net profit margin is 6.95%, up by 0.50 percentage points year-on-year and up by 4.93 percentage points quarter-on-quarter [2] Sector Performance - The top five sectors in terms of revenue growth in 2024 are semiconductor equipment (+35%), injection molding machines (+22%), shipbuilding and offshore engineering (+20%), photovoltaic equipment (+13%), and machine tools (+5%) [2] - The top five sectors in terms of net profit growth in 2024 are shipbuilding and offshore engineering (+146%), injection molding machines (+23%), semiconductor equipment (+21%), engineering machinery (+14%), and coal machinery and mining machinery (+13%) [2] - In Q1 2025, the top five sectors for revenue growth are semiconductor equipment (+33%), rail transit equipment (+30%), injection molding machines (+20%), lasers (+14%), and shipbuilding and offshore engineering (+11%) [2] - The top five sectors for net profit growth in Q1 2025 are shipbuilding and offshore engineering (+203%), rail transit equipment (+75%), coal machinery and mining machinery (+37%), engineering machinery (+34%), and semiconductor equipment (+33%) [2] Investment Recommendations - The company suggests focusing on infrastructure and real estate chains driven by policy support, recommending engineering machinery and urban rail signaling systems [2] - It also recommends paying attention to cyclical general equipment due to domestic demand recovery, including industrial control, machine tools, industrial gases, and testing services [2] - New technologies and industries emerging from new productive forces, such as humanoid robots and low-altitude economy, are highlighted as new investment opportunities [2] Investment Portfolio - The recommended investment portfolio includes SANY Heavy Industry, Hengli Hydraulic, Jereh Group, Yihada, and Jack [3]

Investment Rating - The mechanical industry is rated as "Buy" (Maintain) [1] Core Viewpoints - The export of electric tools, hand tools, and lawn mowers to North America is negatively impacted by tariffs, while overall data for lawn mowers and engineering machinery is bright [1][10] - In April 2025, the retail sales in the U.S. showed a significant decline, indicating the negative impact of tariffs on the economy, with consumer confidence dropping to its lowest level since August 2022 [3][10] - The cumulative export growth rates for electric tools, hand tools, and lawn mowers from January to April 2025 were 10%, -6%, and 55% respectively, with significant month-on-month declines [4][10] Summary by Relevant Sections Consumer Goods - The main products include electric tools, hand tools, and lawn mowers, primarily targeting high-end consumers in Europe and the U.S. [3] - The cumulative export amounts to North America for electric tools and lawn mowers from January to April 2025 showed a year-on-year increase of 9% and 10% respectively, but the growth rates have significantly declined [4][10] Capital Goods - Industrial - The main products include forklifts, machine tools, and industrial sewing machines, with a notable increase in exports to emerging markets like Africa and Latin America [5][10] - The cumulative export growth for forklifts, machine tools, and industrial sewing machines from January to April 2025 was -1%, +9%, and +28% respectively [8][10] Capital Goods - Engineering Machinery - The cumulative export growth for engineering machinery reached double digits in the first four months of 2025, with excavators, tractors, and mining machinery showing growth rates of 21%, 28%, and 21% respectively [9][10] - The export amounts to Africa showed the fastest growth, reaching 61% year-on-year in the first four months of 2025 [6][10] Investment Recommendations - For consumer goods, companies to watch include QuanFeng Holdings, JuXing Technology, and Greebo [10] - For industrial capital goods, recommended companies include Anhui Heli, Hangcha Group, and Neway CNC [10] - For engineering machinery, companies such as YTO Group, XCMG, and SANY Heavy Industry are highlighted as potential investments [10]

关于部分股票期权注销完成的公告 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、准确性和完整性承担法律责任。 杰克科技股份有限公司（以下简称"公司"）于 2025 年 4 月 13 日召开第六 届董事会第二十一次会议和第六届监事会第十四次会议，审议通过了《关于注销 部分股票期权的议案》，公司拟注销因公司 2022 年股票期权与限制性股票激励 计划首次授予部分第三个行权期行权条件未成就的已获授但尚未行权的股票期 权合计 1,373,200 份。具体详见公司于上海证券交易所网站（www.sse.com.cn） 及《上海证券报》披露的《关于注销部分股票期权的公告》（公告编号：2025-027）。 证券代码：603337 证券简称：杰克股份 公告编号：2025-040 杰克科技股份有限公司 公司已向中国证券登记结算有限责任公司上海分公司提交了注销上述股票 期权的申请，经中国证券登记结算有限责任公司上海分公司审核确认，上述 1,373,200 份股票期权注销事宜已于 2025 年 5 月 23 日办理完毕。本次股票期权 注销不会对公司股本造成影响。 特此公告。 杰克 ...

Core Viewpoint - The article emphasizes the importance of fund managers in the capital market, particularly in maintaining relative performance against benchmarks, and highlights the success of Liu Xu, a fund manager at Dacheng Fund, in achieving outstanding relative returns despite market challenges [1][2]. Group 1: Fund Manager Performance - Liu Xu managed a fund size of 25.734 billion yuan as of March 31, 2025, achieving a personal record high amidst a general decline in public equity fund sizes [2]. - Liu Xu's flagship product, "Dacheng Gaoxin A," has delivered a cumulative return of 382.28% and an annualized return of 17.37% since he took over in July 2015, ranking 1st out of 119 in its category [7][8]. - The fund consistently outperformed its benchmark in all complete years under Liu's management, with only two years (2018 and 2022) showing negative returns [7][8]. Group 2: Investment Strategy - Liu Xu's investment strategy is characterized by maintaining a high stock position (around 80%) and a low turnover rate (below 100% over the past five years), which contrasts sharply with the average turnover rate of over 200% for public funds [15][18]. - The fund has avoided market hotspots, such as the new energy and pharmaceutical sectors during their respective bull markets, focusing instead on stable, undervalued companies [18][20]. - As of the first quarter of 2025, the fund's top holdings included low-valuation telecom operators and leading home appliance companies, contributing to its recent performance [23][24]. Group 3: Historical Context and Challenges - Liu Xu began his tenure during a challenging market period, which has shaped his risk awareness and investment approach, leading to a significant reduction in drawdowns since 2015 [13][25]. - The fund's net value experienced significant fluctuations in its early years but has since stabilized, reflecting Liu's ability to navigate through market volatility [9][13].

Core Viewpoint - The article highlights the continuous innovation and technological advancements in China's light industry, emphasizing the importance of technology transfer and the role of the China Light Industry Federation in promoting these innovations [1][5]. Group 1: Innovations in Light Industry - Qingdao Haier Washing Machine Co., Ltd. has launched a one-body three-drum washing machine, addressing the issue of washing different fabrics together, which has received high customer praise since its debut at the AWE [1]. - Beijing Technology and Business University, in collaboration with Yili Group, developed a sensory preference intelligent recognition system to enhance the functional quality of infant formula, improving both flavor perception and nutritional absorption [1]. Group 2: Breakthrough Technologies - Hengdian Group Debang Lighting Co., Ltd. has developed PAR lamps with adjustable color temperature, brightness, and beam angle, suitable for various indoor and outdoor applications [2]. - Guangdong Meizhi Refrigeration Equipment Co., Ltd. has innovated a method to balance electromagnetic losses, improving the power density and efficiency of permanent magnet motors while reducing rare earth usage by 28% [2]. - Guangdong Luofandi Intelligent Technology Co., Ltd. has created an automatic transmission for electric bicycles, significantly enhancing transmission performance and riding comfort [2]. Group 3: Biomanufacturing Innovations - Wuhan Yuanda Hongyuan Co., Ltd. has developed a high-end amino acid breeding technology, enabling large-scale production of amino acids, breaking foreign monopolies [3]. - The Tianjin Institute of Industrial Biotechnology has created a continuous catalytic technology for immobilized enzymes, achieving significant production efficiency improvements [3]. Group 4: Smart Manufacturing Enhancements - Jack Technology Co., Ltd. has developed key technologies for flexible fabric intelligent sewing, greatly improving adaptability in diverse sewing scenarios [3]. - South China University of Technology has established a technology system for extracting active components from plants, achieving a production line capable of processing 10 tons per hour [3]. Group 5: Strategic Industry Development - The Dalian Institute of Chemical Physics has developed large-area sulfur cathodes and lithium-sulfur batteries with a specific energy of 460 Wh/kg, meeting the demands of new equipment applications [4]. - Shanghai Lvyu Energy-Saving Technology Co., Ltd. has achieved industrial-scale production of flame-retardant foam board materials, with applications in various high-tech fields [4]. Group 6: Future Directions - The China Light Industry Federation aims to enhance the mechanism for promoting technological innovation and ensure efficient conversion of technological achievements into productive forces, accelerating the development of new productive forces in the light industry [5].

Summary of Key Points from Conference Call Records Industry or Company Involved - **Industry**: Chemical Industry, specifically focusing on Polyoxymethylene (POM) and its substitutes - **Core Companies**: Jiangtian Chemical, Yuntian Chemical, Kailuan Co., and others in the chemical sector Core Insights and Arguments 1. **Anti-Dumping Tax on POM**: The Ministry of Commerce announced an anti-dumping tax on imported POM from the US, EU, Taiwan, and Japan, effective May 19, 2025, which opens up domestic substitution opportunities [2] 2. **POM Characteristics**: POM, known as "super steel," is a thermoplastic resin with high mechanical strength and fatigue resistance, suitable for automotive and electronic applications [2] 3. **Domestic Substitution Potential**: In 2023, China imported 330,000 tons of POM, with over 70% dependency in high-end sectors. The goal is to achieve a 40% self-sufficiency rate by 2025, translating to a substitution potential of approximately 230,000 tons per year, valued at around 5.75 billion yuan [2] 4. **Core Companies' Revenue Breakdown**: - Jiangtian Chemical: 53.78% of revenue from POM, with a designed capacity of 80,000 tons/year [2] - Yuntian Chemical: 2.09% of revenue from POM, with a production of 31,300 tons in Q1 2025 [3] - Kailuan Co.: 3.05% of revenue from POM, with a production of 15,700 tons in Q1 2025 [3] Other Important but Possibly Overlooked Content 1. **M&A Activity**: The revised regulations for major asset restructuring by the China Securities Regulatory Commission aim to simplify the process, allowing for quicker approvals and reduced financial pressure on companies [5] 2. **Food and Beverage Sector**: Upcoming events such as the National Food and Beverage Forum are expected to boost demand in the food and beverage sector, supported by government policies to expand domestic consumption [8] 3. **Pet Industry Growth**: The pet economy in China is projected to exceed 300 billion yuan, with companies like Tianyuan Pet leading in pet supplies and food, showing significant growth in both segments [20] 4. **Technological Collaborations**: Companies like Madi Technology and Yian Technology are collaborating with Huawei to develop smart robots and flexible gears, indicating a trend towards automation and AI integration in various sectors [13][14] Conclusion The conference call records highlight significant developments in the chemical industry, particularly regarding POM and its domestic substitution potential. Additionally, the M&A landscape is evolving with regulatory changes, and sectors like food and beverage and pet products are poised for growth, driven by consumer demand and technological advancements.

Summary of Conference Call Records Industry Overview - The high-end equipment manufacturing sector is experiencing strong performance, with companies like Chuncheng Power, Jiechang Drive, Longxin General, and Zongshen Power exceeding expectations due to a surge in exports since November 2023 and easing US-China tariff negotiations. Continued strong performance is anticipated in Q2 2025 [1][2][6]. Key Points and Arguments High-End Equipment Manufacturing - The implementation of new national standards is expected to drive the development of the composite fluid industry chain, benefiting leading battery manufacturers with stable supply capabilities. Material suppliers are set to initiate a new round of capital expenditure by the end of Q2 2025, with Dongwei Technology positioned to benefit [1][4]. - The machine tool sector has seen a significant year-on-year revenue increase since Q1 2025, driven by robust capital expenditure in the automotive parts sector, despite challenges from international trade barriers. Leading companies are maintaining a global presence, with demand for AI-related AIDC server processing and robotics boosting order volumes [1][5]. Performance Metrics - In Q1 2025, companies like Chuncheng Power reported nearly 50% year-on-year growth, Jiechang Drive's linear drive systems for lifting desks grew by 60%, and Longxin General's large-displacement motorcycles doubled in performance, while Zongshen Power saw an 88% increase. This growth is attributed to the export surge and tariff negotiations [2]. - The injection molding machine industry, led by Haitian, showed expected financial performance with revenue and profit growth between 20% and 30% [2][30]. Robotics and AI Integration - The industrial robotics market outlook for 2025 is optimistic, with automotive and 3C electronics remaining key growth areas. Despite a price war in 2024 affecting some companies' financial health, Q1 2025 showed signs of recovery, particularly with potential collaborations with major AI firms like Huawei [1][9]. Domestic Market Opportunities - Domestic CNC system and related hardware companies, such as Huazhong CNC and Haoda, are expected to achieve double-digit growth in 2024 and 2025 due to expanding domestic markets [1][7]. - The machine tool industry is seeing demand growth opportunities, particularly in AI-exposed companies, with management improvements also being a focus area [1][8]. Military and Aerospace Sector - The military sector has faced a decline in overall performance in 2024 and Q1 2025, with a 4% drop in revenue and a 40% decrease in profit year-on-year. However, segments like high-end equipment manufacturing and military electronics are showing positive revenue growth [2][32]. - Investment opportunities in the military sector include the missile supply chain and components benefiting from increased downstream demand, as well as military trade opportunities in the context of geopolitical tensions [2][33]. Additional Insights - The injection molding machine sector is expected to benefit from global manufacturing shifts, with a stable gross margin forecasted between 30% and 35% for 2025, despite a low direct exposure to the US market [1][30]. - The shipbuilding sector is experiencing steady growth, with a 12% revenue increase in 2024 and improved profit margins due to high-value ship deliveries [2][14]. - The textile machinery sector is facing mixed performance, with domestic demand slowing but overseas markets compensating for growth [2][12]. This summary encapsulates the key insights and performance metrics from the conference call records, highlighting the current state and future outlook of various sectors within the high-end equipment manufacturing industry.