证券代码：300809 证券简称：华辰装备 公告编号：2025-018 华辰精密装备（昆山）股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会无增加、变更、否决议案的情形； （一）会议召开情况 1、会议召开的日期、时间： （1）现场会议召开时间：2025年5月14日（星期三）下午14:30； （2）通过深圳证券交易所交易系统进行网络投票的具体时间为2025年5月14 日上午9:15-9:25、9:30-11:30，下午13:00-15:00；通过深圳证券交易所互联网投 票系统进行网络投票的具体时间为2025年5月14日上午9:15至下午15:00期间的任 意时间。 2、会议地点：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。 3、会议的召开方式：现场与网络投票相结合的方式。 4、会议召集人：董事会 5、会议主持人：董事长曹宇中先生 2、本次股东大会不涉及变更前次股东大会决议； 3、本次股东大会以现场投票和网络投票相结合的方式召开； 4、为尊重中小投资者利 ...

北京市金杜律师事务所上海分所 关于华辰精密装备（昆山）股份有限公司 2024 年年度股东大会 之法律意见书 致：华辰精密装备（昆山）股份有限公司 北京市金杜律师事务所上海分所（以下简称本所）接受华辰精密装备（昆山） 股份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称 《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管 理委员会《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国 境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、 中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章和规范 性文件和现行有效的《华辰精密装备（昆山）股份有限公司章程》（以下简称《公 司章程》）有关规定，指派律师现场出席了公司于 2025 年 5 月 14 日召开的 2024 年年度股东大会（以下简称本次股东大会），并就本次股东大会相关事项出具本法 律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2024 年第四次临时股东大会审议通过的《公司章程》； 2. 公司 2025 年 4 月 24 日 ...

Investment Rating - The report maintains a "Positive" investment rating for the machinery industry [1] Core Insights - The machinery sector underperformed in 2024 with a 5.04% increase in the Shenwan Machinery Equipment Index, lagging behind the Shanghai Composite Index by 7.63 percentage points and the Shenzhen Component Index by 4.3 percentage points. However, from the beginning of 2025, the index has risen by 10.44%, outperforming both major indices [2][17] - In 2024, the machinery industry's operating revenue reached CNY 19,995.67 billion, a year-on-year increase of 6.55%, while the net profit attributable to the parent company decreased by 3.28% to CNY 863.64 billion. In Q1 2025, operating revenue grew by 11.23% to CNY 4,540.09 billion, but net profit saw a significant decline of 30.03% [2][20][24] Summary by Sections Investment Summary - The machinery sector's performance in 2024 was below expectations, but it has shown strong recovery in 2025, leading the market [2][17] - The report suggests focusing on more proactive fiscal policies and new quality productivity for future investments [4][41] Sector Performance - The internal segmentation of the machinery industry shows significant disparities, with semiconductor equipment and motorcycle segments leading in revenue growth [3][35] - In Q1 2025, the highest revenue growth was observed in semiconductor equipment (33.38%) and motorcycles (30.74%) [37] Policy Recommendations - The report emphasizes the importance of proactive fiscal policies to boost engineering machinery sales, with significant government bond issuance planned [5][44] - It highlights the focus on new quality productivity, particularly in low-altitude economy, deep-sea technology, humanoid robots, and industrial mother machines [6][49] Emerging Opportunities - The low-altitude economy is expected to benefit from government support, with projections indicating substantial growth in drone deliveries and eVTOL markets by 2035 [7][50] - Deep-sea technology is crucial for energy security, with significant potential for domestic equipment replacement in deep-water oil and gas extraction [8][52] - Humanoid robots are positioned to address customization challenges in manufacturing, supported by government initiatives to expand application scenarios [9][53] - Industrial mother machines are essential for cost reduction in mass production, with a growing market for core components [10][54]

Investment Rating - The report maintains a "Positive" investment rating for the machinery industry [1] Core Insights - The machinery sector underperformed in 2024 with a 5.04% increase in the Shenwan Machinery Equipment Index, lagging behind the Shanghai Composite Index by 7.63 percentage points and the Shenzhen Component Index by 4.3 percentage points. However, from the beginning of 2025, the index has risen by 10.44%, outperforming both major indices [2][17] - In 2024, the machinery industry's operating revenue reached CNY 19,995.67 billion, a year-on-year increase of 6.55%, while the net profit attributable to the parent company decreased by 3.28% to CNY 863.64 billion. In Q1 2025, operating revenue grew by 11.23% to CNY 4,540.09 billion, but net profit saw a significant decline of 30.03% [2][20][26] Summary by Sections Investment Summary - The machinery sector's performance in 2024 was below expectations, but it has shown strong recovery in 2025, leading the market [2][17] - The report suggests focusing on more proactive fiscal policies and new quality productivity to drive growth [4][41] Sector Performance - The internal segmentation of the machinery industry shows significant disparities, with semiconductor equipment (39.08%), photovoltaic processing equipment (29.60%), and motorcycles (17.85%) leading in revenue growth for 2024. In Q1 2025, semiconductor equipment (33.38%) and motorcycles (30.74%) continued to show strong growth [3][39] - The report highlights that the machinery sector's public fund allocation increased from 2.79% in 2024 to 3.27% in Q1 2025 [30] Policy Recommendations - The report emphasizes the importance of proactive fiscal policies to boost engineering machinery sales, with significant government bond issuance planned for infrastructure projects [5][44] - It also suggests continuous attention to new quality productivity sectors, including low-altitude economy, deep-sea technology, humanoid robots, and industrial mother machines [6][49] Emerging Opportunities - The low-altitude economy is expected to benefit from government support, with projections indicating substantial growth in drone deliveries and eVTOL aircraft by 2035 [7][50] - Deep-sea technology is crucial for energy security, with significant potential for domestic equipment replacement in deep-water oil and gas extraction [8][52] - Humanoid robots are positioned to address customization challenges in manufacturing, supported by government initiatives to expand application scenarios [9][53] - Industrial mother machines are identified as essential for reducing costs in mass production, with a growing market for core components [10][54]

Group 1 - Tesla released a video showcasing its humanoid robot Optimus, highlighting advancements in "Sim-to-Real" training code and reinforcement learning for training [1] - Tesla aims to deploy thousands of Optimus robots by the end of the year, with a long-term goal of producing 1 million units within five years [1] - The production of Optimus robots at Tesla's Fremont factory is expected to boost profit expectations for domestic listed companies in the robotics industry [1] Group 2 - The robotics sector is experiencing a rebound in the A-share market, with significant gains in stocks such as HaiMuxing and HuaDong CNC [1] - The Robot ETF fund (562360) has seen a high trading volume, averaging 24.91 million yuan over the past 20 trading days, indicating strong market interest [1] - The Robot ETF fund tracks the CSI Robot Index, which overlaps 63% with the Wind Humanoid Robot Index, covering not only humanoid robots but also digital workshops and production line system integrators [1] Group 3 - The rapid evolution of technologies like artificial intelligence and embodied intelligence is expanding the application of robots beyond traditional industrial settings [2] - The domestic production process of robots is accelerating, with key technological breakthroughs in core components being essential for achieving autonomy in downstream industries [2] - The robot industry is poised for long-term growth opportunities driven by policy support and market demand, with high valuation elasticity due to ongoing technological advancements and application expansions [2]

Group 1 - The core viewpoint of the report highlights the commercialization progress of humanoid robots driven by technological upgrades and product iterations, exemplified by the launch of exoskeleton robots in the Taishan scenic area and the signing of a small-scale humanoid robot procurement contract by UBTECH [1][3][4] Group 2 - The Taishan scenic area has introduced exoskeleton robots for visitors, allowing them to rent the device for 80 yuan for three hours, which assists in walking and monitors health conditions, featuring emergency call and tour guide functions [3] - The exoskeleton robot weighs 1.2 kg, made of carbon fiber, can withstand a pulling force of 200 kg, and has an 8-hour battery life, saving users 30% to 50% of their physical effort [3] - UBTECH has signed a global first small-scale procurement contract for humanoid robots, involving the Walker S1 and Walker C models, aimed at applications in automotive manufacturing and commercial reception [3] - The contract signifies a substantial step towards the commercialization of humanoid robots in industrial manufacturing scenarios [3] - Apple has restructured its robotics team, moving it under the hardware engineering division, which may enhance the integration of hardware and software in robot development [4]

Investment Rating - The industry is rated as "Leading the Market" with an expected growth rate exceeding the benchmark index by over 10% [8]. Core Insights - The humanoid robot industry is anticipated to enter a mass production phase in 2025, driven by increasing application scenarios and strong domestic policy support. The production plan by industry leader Tesla includes manufacturing 10,000 Optimus robots in 2025, with monthly production capacity expanding to 1,000 units, and further increasing to 10,000 units per month by 2026 and 100,000 units by 2027. This indicates a significant acceleration in industry development [3][4]. - The report emphasizes the importance of hardware components in humanoid robots, particularly linear actuators and precision end-effectors. The adoption of linear actuators is expected to rise due to their advantages in load capacity and lifespan, with a focus on companies like Hengli Hydraulic and Best. Additionally, the report highlights the need for cost reduction and efficiency improvements in manufacturing processes, suggesting attention to domestic grinding machine manufacturers [4]. Summary by Relevant Sections Market Performance - The mechanical sector has shown notable market performance over the past year, with specific attention to the demand for AI-driven devices and the investment opportunities in AIDC equipment [1]. Hardware Focus - Key areas of focus include: 1. The parallel use of rotary and linear actuators by leading manufacturers, with a recommendation to monitor companies like Hengli Hydraulic and Best for their potential growth [4]. 2. The development of dexterous hands as optimal end-effectors, with an expected increase in degrees of freedom in Tesla's Optimus-Gen 3 to 22, closely approaching human hand capabilities. Companies such as Zhaowei Electromechanical and Jiechang Drive are highlighted for their contributions [4]. 3. The urgent need for cost reduction and capacity expansion in components like harmonic reducers and six-dimensional torque sensors, with a focus on companies like Lide Harmonic and Donghua Testing [4].

【事项】 以铣代磨、以车代磨有望打开空间。磨削效率较低，部分加工量由高效铣、车替代后，生产效率有望提 升，是适配批量化的工艺，此外还有冷锻等高效率工艺。经充分验证后，新工艺有望逐步落地。 【配置建议】 切铣磨设备需求量有望迎来增长，建议关注【浙海德曼】、【华辰装备】、【日发精机】、【宇环数 控】等； 冷锻工艺有望提高效率，建议关注【新坐标】等； 刀具是消耗品，建议关注【恒锋工具】、【沃尔德】。 25 年1 月，特斯拉在业绩交流会上表示25 年将制造约1 万部人形机器人，26 年推出2.0 版本，目标是加 快生产速度。 2025 年3 月，Figure AI 宣布筹建BotQ 人形机器人工厂，该工厂的首条生产线预计每年将生产12000 台 人形机器人。 【评论】 本体厂扩产、行业1-10、供应链跟进。特斯拉和Figure 的计划表示，人形机器人已进入1-10 阶段，产能 先行。供应链也进入扩产节奏：1）拓普集团24 年已启动150 亩的机器人产业基地项目；2）三花智控计 划总投资不低于50 亿元，用于建设先途智能变频控制器、机器人机电执行器和域控制器，此前也宣布 与绿的谐波战略合作在墨西哥建厂；3）新剑传动于2 ...

Group 1 - The Robot ETF Fund (159213) was launched on April 30, showing a strong performance with a half-day increase of 1.59% and a turnover rate exceeding 37% [1] - The fund is currently trading at a discount of 0.75%, presenting a potential buying opportunity for investors [1] - The A-share robot concept stocks have shown significant strength, with major companies like Ruishun Technology and Maihe Shares experiencing gains of over 9% and 7% respectively [1] Group 2 - The humanoid robot industry in China is expected to cross the threshold of 100,000 units in production/sales by 2026, entering a phase of large-scale production [2] - The price of humanoid robots is projected to drop to around 50,000 yuan, which will significantly open up the consumer market [2] - Recent advancements in humanoid robots were showcased at the world's first humanoid robot half-marathon, indicating a leap in key technologies [2] Group 3 - The humanoid robot sector has accelerated its development over the past five years, evolving from a single leader to a competitive landscape with multiple players [3] - The industry is experiencing a strong beta phase, with significant advancements in technology and product offerings [3] Group 4 - The year 2025 is anticipated to be a pivotal year for mass production in the robot industry, driven by policy, technology, and industrial collaboration [6] - The government has prioritized humanoid robots as a core area of new industrialization strategy since 2021, with multiple policies introduced to accelerate industry development [7] Group 5 - The core technology chain for robots is gradually improving, with breakthroughs in AI models and hardware components, enhancing the industry's development landscape [7] - The production capacity of critical components like harmonic reducers has improved significantly, with a quality rate exceeding 98% and a cost reduction of 40% [7] Group 6 - The robot industry is projected to grow at a compound annual growth rate (CAGR) of 50% or more over the next decade, with market potential reaching trillions [11] - The current market for robots is still in its infancy, with significant growth potential as it follows a similar trajectory to the electric vehicle market [11]

Group 1: Company Performance and Financials - The overall production and operational situation of the company is good, with a focus on innovation and sustainable development [2] - The profit distribution plan for the 2024 fiscal year will be reviewed at the shareholders' meeting on May 14, 2025, and implementation will occur within two months after approval [2] - The company emphasizes a positive dividend policy to ensure reasonable returns to shareholders [2] Group 2: Research and Development - The company maintains a high level of R&D investment annually, aligning with national strategic development directions [3] - Focus areas for R&D include high-end precision grinding equipment for key sectors such as new energy, semiconductors, robotics, and aerospace [3] - The company aims to deepen partnerships with industry chain enterprises, research institutions, and universities to contribute to the modernization of the industrial system [3] Group 3: Business Collaborations - The joint venture with Changguang Daqi focuses on ultra-precision optical component grinding machines and related services [3] - Ongoing business cooperation with Fuliwang Precision is progressing as per the agreement [3] Group 4: Market Impact and External Factors - The company currently has no direct exports to the U.S., and the impact of U.S. tariffs is minimal [3]