证券代码：603190 证券简称：亚通精工 公告编号：2025-059 烟台亚通精工机械股份有限公司 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。 重要内容提示： ● 投资标的名称：苏州驭光之川创业投资合伙企业（有限合伙）（以下简称 "驭光之川" 、"合伙企业"） ● 投资金额：烟台亚通精工机械股份有限公司（以下简称"公司"）拟作为 有限合伙人以自有资金 1,000 万元人民币参与认购驭光之川的份额。 一、对外投资概述 ● 相关风险提示：由于私募基金投资本身具有投资周期较长、资产流动性较 低等特点，公司此次参与的基金投资在回报实现上将面临较长的回收周期。标的 基金对外投资项目受宏观经济环境、监管政策、行业周期、投资标的经营管理等 多种因素影响，可能存在不能实现预期收益、无法及时有效退出的风险。针对本 次交易的上述风险，公司将密切关注标的基金运作及管理情况，积极防范、降低 风险，维护公司权益及资金安全。 公司于 2025 年 7 月 11 日与上海海川私募基金管理有限公司及其他合伙人签 署合伙协议，拟以自有资金认购驭光之川的财 ...

Core Insights - Germany has established a comprehensive foreign investment service system through diversified policy support, investment promotion agencies, a robust risk management framework, and enhanced regulation of multinational corporations [1][3][6] Group 1: Current Status of German Enterprises Going Global - German enterprises have been actively expanding overseas since the 1970s, with a significant increase in international market presence in the 21st century [1][3] - Despite a 60% decline in Germany's foreign direct investment in 2024, the stock of foreign direct investment still accounts for over 45% of GDP [3][4] - 40% of surveyed German companies plan to increase overseas investments, indicating a strong focus on international markets [3] Group 2: Characteristics of German Enterprises Going Global - The main players in Germany's overseas investments are large multinational corporations, supported by small and medium-sized enterprises [3][4] - Germany has 29 companies in the Fortune Global 500, with a high proportion of "hidden champions" in niche markets [3][4] - Major companies like Siemens and Volkswagen are deepening their global presence through greenfield investments and acquisitions [3][5] Group 3: Regional Distribution of Investments - German enterprises are diversifying their investment regions to reduce reliance on single markets, with notable growth in investments in China, Southeast Asia, and North America [4] - In 2024, German investments in China reached €5.7 billion, a 25% increase year-on-year [4] Group 4: Complete and Mature Industrial System - Germany's high-end manufacturing and modern service industries are key drivers of international expansion, with over 70% of overseas revenue coming from the automotive, machinery, chemical, and electronics sectors [5] - The internationalization of the service sector, including finance, insurance, and logistics, has accelerated, supporting the overseas activities of German manufacturing [5] Group 5: Systematic Support for Overseas Investment - Germany provides a comprehensive policy resource support system, including funding, tax incentives, and insurance to mitigate investment risks [6][7] - The German Investment and Development Company offers specialized services for SMEs, including low-interest loans and financing guarantees [6] - The government also provides export credit insurance and investment guarantees to cover various risks associated with overseas investments [6] Group 6: Risk Management Framework - German enterprises have established a comprehensive risk management system that includes pre-investment assessments and post-investment responses [8][9] - A three-tier governance structure for risk management is in place, with dedicated risk management departments and specialized risk officers in various regions [8] - Companies utilize quantitative management tools and digital platforms for real-time monitoring of risk indicators [8] Group 7: Regulatory Framework for Multinational Corporations - The German government has implemented a multi-layered regulatory framework to ensure compliance with both domestic and host country laws [9][10] - The regulatory system emphasizes employee rights, environmental protection, fair competition, and transparency in international operations [10] Group 8: Recommendations for China - China can learn from Germany's experience by enhancing policy resource supply, establishing a professional service network, and strengthening risk management [11][12] - Recommendations include creating a diversified policy support system, improving tax incentives, and developing a comprehensive overseas investment insurance mechanism [11][12] - Establishing a multi-faceted professional service network and enhancing risk management controls are also suggested for Chinese enterprises [13][14]

Core Viewpoint - Shandong Jindi Precision Machinery Technology Co., Ltd. expects a significant increase in net profit for the first half of 2025 compared to the same period last year, driven by business expansion and new product development [1][2]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of 73 million to 83 million yuan for the first half of 2025, representing an increase of 15.84 million to 25.84 million yuan, or a year-on-year growth of 27.72% to 45.22% [1][2]. - The expected net profit, after deducting non-recurring gains and losses, is projected to be between 65 million and 75 million yuan, reflecting an increase of 15.62 million to 25.62 million yuan, or a year-on-year rise of 31.63% to 51.88% [1][2]. Group 2: Previous Year Performance - In the same period last year, the total profit was 56.47 million yuan, with a net profit attributable to shareholders of 57.15 million yuan, and a net profit after deducting non-recurring gains and losses of 49.38 million yuan [2]. - The earnings per share for the previous year were 0.26 yuan [2]. Group 3: Reasons for Performance Increase - The company is actively promoting the implementation of fundraising projects and the expansion of new products, achieving good market penetration in the fields of bearing retainers and precision automotive components [2]. - The expected operating revenue for the first half of 2025 is approximately 835 million yuan, indicating a year-on-year growth of about 40.62% [2].

Group 1 - The article discusses the integration of production, sales, and research in Haier Smart Home, emphasizing its global deep integration strategy [1] - It highlights the upcoming discussions on investment opportunities in the rare earth industry, indicating a focus on sector-specific growth [1] - The article mentions a dialogue with Zhongke Haixun about deep-sea technology, showcasing advancements in marine technology [1] Group 2 - An update on the recent status of Xinshi Company is scheduled, indicating ongoing corporate communications and transparency [1] - The article notes an exchange with Haopeng Technology Company, reflecting engagement with technology firms [1] - A Q3 update on the banking and non-banking sectors is planned, suggesting a focus on financial sector analysis [1][2] Group 3 - Research on the pet health and protection industry is set to take place, indicating a growing interest in the agricultural sector [2] - A review and update of the industry allocation model is scheduled, reflecting ongoing analysis and adjustments in investment strategies [2]

Core Viewpoint - Accelerating the construction of a unified national market and promoting regional market integration is an essential path for resource allocation, industrial layout, and economic activities in China [1] Group 1: Regional Market Integration - The central government encourages regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing Economic Circle, and the Central Yangtze River City Cluster to prioritize regional market integration while maintaining a unified national market [1] - The integration of regional markets is being accelerated by breaking down administrative barriers, enhancing the unification of market basic systems, and deepening both domestic and foreign openness [2][3] Group 2: Infrastructure and Logistics - The first cross-provincial construction project in the country, the Fangting Water Institute, was completed through innovative approval systems among three regions, allowing for integrated project management [3] - Infrastructure connectivity is crucial for facilitating the efficient gathering of people and goods within regions, as seen in various projects like the interprovincial subway line and the operational stability of intercity railways [5] Group 3: Economic Growth and Resource Efficiency - The economic output of the Beijing-Tianjin-Hebei region is projected to reach 11.5 trillion yuan in 2024, while the Yangtze River Delta's GDP is expected to exceed 33 trillion yuan, and the Chengdu-Chongqing Economic Circle's GDP is anticipated to grow to 8.7 trillion yuan [6] - The integration of regional markets effectively activates regional development momentum by enhancing resource allocation efficiency and reducing institutional transaction costs [9] Group 4: Open Market and Trade - The establishment of a unified market is aimed at global openness, with initiatives like the "Hefei-Ningbo Zhoushan Port" sea-rail intermodal service significantly reducing logistics time from 40 days to 27 days for shipments to Europe [10][11] - Regions are focusing on expanding both domestic and international trade, breaking down local protectionism and market segmentation to deepen regional market integration [12] Group 5: Strategic Positioning and Collaboration - Each region is enhancing internal collaboration and exploring strategies based on local characteristics, such as the industrial transfer in the Beijing-Tianjin-Hebei area and the financial services in the Yangtze River Delta [8] - The development of regional industrial alliances and cross-regional innovation coalitions is encouraged to promote the gathering of high-end resources and create an efficient collaborative market system [12]

Group 1 - The eighth Shaanxi Province State-owned Enterprise Employee Skills Competition was held in Xi'an, featuring 201 contestants from 37 participating units [2] - The competition is a high-level provincial event with multiple skill categories, recognized as the most influential comprehensive vocational skills competition for state-owned enterprises in the province [2] - The theme of this year's competition is "Shaanxi Manufacturing, Qin Workers' Exquisite Products, Craftsmanship and Innovation" [2] Group 2 - The competition includes five skill categories: fitter, welder, additive manufacturing engineering technician, drone pilot, and water production treatment worker, utilizing a "1 main venue + 3 sub-venues" model for efficiency [2] - The Shaanxi Provincial State-owned Assets Supervision and Administration Commission emphasizes the importance of building a high-skilled talent team for technological innovation and industrial transformation [3] - Future actions will focus on enhancing the training, evaluation, and incentive mechanisms for skilled talent in state-owned enterprises to support high-quality development [3]

Core Viewpoint - The announcement details the completion and conditions of the second phase of the employee stock ownership plan (ESOP) for Guangzhou Hongya CNC Machinery Co., Ltd, highlighting the stock lock-up periods and the conditions for unlocking shares [1][2][3]. Summary by Sections Basic Information and Lock-up Period - The second phase of the employee stock ownership plan was approved in meetings held on May 11 and May 22, 2023, with the plan's details disclosed on May 13 and May 23, 2023 [1]. - The lock-up period for the second batch of shares will end on July 11, 2025 [3]. Stock Purchase and Lock-up Conditions - As of July 11, 2023, the ESOP has purchased a total of 1,252,980 shares, representing 0.30% of the total share capital, with a total transaction amount of RMB 22.3032 million at an average price of RMB 17.80 per share [2]. - The lock-up periods for the shares acquired under this plan are set at 12 months and 24 months, with unlocking ratios of 50% each [2]. Unlocking Conditions and Subsequent Arrangements - The second batch of shares will unlock 62,649 shares, which is 50% of the total shares in the plan, contingent upon achieving a revenue growth rate of at least 24% in 2024 compared to the average revenue from 2020 to 2022, along with meeting individual performance evaluations [3]. - The management committee will determine the timing for the disposal of unlocked shares based on market conditions after the lock-up period ends [3]. Duration, Changes, and Termination of the Plan - The ESOP will last for 36 months from the date of the last stock transfer to the plan [4]. - The plan can be extended with the approval of two-thirds of the participating shareholders [4]. - The plan will automatically terminate after the expiration of its duration or upon the complete sale of the shares held [5]. Other Notes - The company will continue to monitor the implementation of the ESOP and fulfill its information disclosure obligations in accordance with relevant laws and regulations [6].

Meeting Information - The company will hold its first extraordinary general meeting of shareholders for 2025 on July 29, 2025, at 14:00 [1] - Shareholders registered by the close of trading on July 21, 2025, are entitled to attend the meeting and can appoint proxies to vote [2] - The meeting will include a proposal to authorize the board to handle matters related to the 2025 employee stock ownership plan, which has been approved by the board and supervisory board [2] Voting Procedures - Shareholders can vote through the Shenzhen Stock Exchange trading system and the internet voting system on July 29, 2025, with specific time slots for voting [1][5] - Registration for attendance requires specific documentation depending on whether the shareholder is a legal entity or an individual [3] - Proxy voting is allowed, and the proxy must present an authorization letter along with identification [5][6] Additional Information - The company will separately count votes from minority investors on proposals affecting their interests [2] - Detailed voting procedures and requirements for network voting are provided in the attachments [6][7]

Core Viewpoint - The company has developed a draft for the 2025 Employee Stock Ownership Plan (ESOP) in compliance with relevant laws and regulations, aiming to enhance employee motivation and the company's competitiveness [1][2]. Group 1: Compliance and Legal Framework - The company confirms that it meets the qualifications for implementing the employee stock ownership plan as per the Company Law and Securities Law of the People's Republic of China [1]. - There are no circumstances that would harm the interests of the company and all shareholders, and participation in the ESOP is not mandatory for employees [1]. - The company has ensured that related directors abstained from voting on the ESOP proposal in accordance with legal and regulatory requirements [1]. Group 2: Objectives and Benefits - The implementation of the ESOP is expected to improve the company's incentive and restraint mechanisms, thereby increasing employee cohesion and overall competitiveness [2]. - The plan aims to stimulate employee enthusiasm and creativity, promoting the company's long-term, sustainable, and healthy development [2].

浙江双环传动机械股份有限公司 第一章 总 则 第一条 为规范浙江双环传动机械股份有限公司（以下简称"公司"）2025 年员工持股计划（以下简称"员工持股计划"）的实施，根据《中华人民共和国 公司法》《中华人民共和国证券法》《中国证监会关于上市公司实施员工持股计 划试点的指导意见》（以下简称"《指导意见》"）《深圳证券交易所上市公司 自律监管指引第 1 号——主板上市公司规范运作》（以下简称"《自律监管指引 第 1 号》"）等相关法律、行政法规、规章、规范性文件和《公司章程》《浙江 双环传动机械股份有限公司 2025 年员工持股计划（草案）》之规定，特制定《浙 江双环传动机械股份有限公司 2025 年员工持股计划管理办法》（以下简称"本 办法"）。 第二章 员工持股计划的制定 第二条 员工持股计划的基本原则 （一）依法合规原则 公司实施员工持股计划，严格按照法律、行政法规的规定履行程序，真实、 准确、完整、及时地实施信息披露。任何人不得利用员工持股计划进行内幕交易、 操纵证券市场等证券欺诈行为。 （二）自愿参与原则 公司实施员工持股计划遵循公司自主决定，员工自愿参加，公司不以摊派、 强行分配等方式强制员工参加本 ...