1 月 26 日，科创板工业母机龙头浙海德曼（688577.SH）披露2026年度向特定对象发行股票预案，计划募集资金总 额不超过15.17亿元，聚焦高端复合化机床产业化、高端精密机床与机器人硬件智造研发及补充流动资金三大方向。 据悉，此次定增既是公司响应高端数控机床国产替代浪潮的关键布局，也是公司切入机器人核心赛道、构建双增长 引擎的战略举措，引发行业广泛关注。 15.17亿元投向三大板块 作为一家深耕工业母机领域三十余年的科创板上市公司，浙海德曼专注于数控车床研发、设计、生产和销售，致力 于高精密数控车床的核心制造和技术突破，是国家级高新技术企业、工信部专精特新"小巨人"企业。 根据前瞻产业研究院统计，浙海德曼所在的数控机床市场规模已由2020年的3260亿元增长至2024年的4325亿元，复 合增长率达7.32%，呈现稳定的增长态势，预计到2029年，市场规模将突破6000亿元。 广阔的行业发展前景成为浙海德曼此次定增的基础。根据预案，本次定增募集资金总额上限为15.17亿元，扣除发行 费用后将全额投向三大领域，精准匹配公司"高端化+智能化"发展战略：一是高端复合化机床产业化项目，重点推进 高端数控车床 ...

Core Viewpoint - The company is actively divesting from loss-making and inefficient assets to optimize its asset structure, enhance cash flow, and improve resource allocation efficiency, demonstrating a commitment to high-quality development [1][3]. Group 1: Divestment of Loss-Making Subsidiary - The company plans to sell its wholly-owned subsidiary, MCM, for a symbolic price of 1 euro, aiming to stop losses and lighten its operational burden [2][3]. - MCM has incurred significant losses since 2021, with a projected net loss of 123 million yuan for 2024 and continued losses in 2025, leading to negative net assets of 143 million yuan by August 2025 [3]. - The divestment is expected to reduce the financial strain on the company, with an estimated increase in net profit of 13.29 million yuan for 2025 post-divestment [3]. Group 2: Asset Liquidation and Cash Flow Enhancement - Concurrently, the company is selling idle assets, including a factory and land, for 155 million yuan to improve liquidity and support core business investments [5]. - The sale includes 44,000 square meters of industrial land and 81,000 square meters of factory buildings, with a clear ownership structure ensuring a smooth transfer [5]. - This asset liquidation is aimed at optimizing the overall asset structure and enhancing capital efficiency, with the first payment expected within 15 working days of the agreement [5]. Group 3: Strategic Focus on Core Business - The company is strategically refocusing on its core business by shedding loss-making overseas subsidiaries and liquidating inefficient assets, which is crucial for improving operational efficiency in a challenging global manufacturing environment [6]. - The divestment and asset sales are part of a broader strategy to streamline operations and enhance cash flow, positioning the company for quality growth in its primary business areas [6]. - The company aims to leverage its capabilities in high-end CNC machine tools to meet domestic market demands, particularly in sectors like aerospace, robotics, and new energy vehicles [4][6].