Group 1: Company Performance and Financial Management - The company has not yet established a market value management system but has a dedicated investor relations department to maintain effective communication with investors [1] - The company has implemented share buybacks and cash dividends to enhance investor returns [1] - The company has optimized its customer structure to mitigate risks associated with accounts receivable [2] Group 2: Product Development and Market Position - The development of the photovoltaic inverter is still ongoing [1] - The company has faced declining market share in the water and gas meter industry due to competition, but is focusing on high-quality development [2] - Future performance growth is expected from smart water meters, electromagnetic flow meters, and the increasing sales of smart water management products [2][3] Group 3: Strategic Initiatives and Market Opportunities - The company’s products are integral to the digital transformation of urban infrastructure, aligning with national policies promoting smart city development [3] - The first quarter typically represents a low sales season, which affects annual revenue but is not indicative of overall performance [4]

仪器仪表Ⅲ 咸亨国际（605056.SH） 增持-A(维持) 2025 年 5 月 22 日 公司研究/公司快报 | 市场数据：2025 年 5 月 | 21 日 | | | --- | --- | --- | | 收盘价（元）： | | 14.26 | | 年内最高/最低（元）： | | 15.49/9.12 | | 流通A股/总股本（亿）： | | 4.07/4.10 | | 流通 A 股市值（亿）： | | 57.99 | | 总市值（亿）： | | 58.52 | | 年 基础数据：2025 | 月 3 | 日 31 | | | --- | --- | --- | --- | | 基本每股收益(元)： | | | 0.05 | | 摊薄每股收益(元)： | | | 0.05 | | 每股净资产(元)： | | | 4.28 | | 净资产收益率(%)： | | | 1.27 | 资料来源：最闻 刘斌 执业登记编码：S0760524030001 邮箱：liubin3@sxzq.com 姚健 执业登记编码：S0760525040001 执业登记编码：S0760519120001 邮箱：yangjingji ...

| 年 基础数据：2025 | 月 3 | 日 31 | | | --- | --- | --- | --- | | 基本每股收益(元)： | | | 0.05 | | 摊薄每股收益(元)： | | | 0.05 | | 每股净资产(元)： | | | 4.28 | | 净资产收益率(%)： | | | 1.27 | 仪器仪表Ⅲ 咸亨国际（605056.SH） 增持-A(维持) 2025 年 5 月 22 日 公司研究/公司快报 | 市场数据：2025 | 年 | 月 | 日 | 5 | 21 | 收盘价（元）： | 14.26 | | --- | --- | --- | --- | --- | --- | --- | --- | | 年内最高/最低（元）： | 15.49/9.12 | | | | | | | | 流通A股/总股本（亿）： | 4.07/4.10 | | | | | | | | 流通 | 股市值（亿）： | 57.99 | A | | | | | | 总市值（亿）： | 58.52 | | | | | | | 执业登记编码：S0760519120001 邮箱：yangjingjing@sxz ...

导读： 5月20日，蔡司工业质量解决方案长春质量卓越中心（QEC）于长春市高新区创投高新产业园正式揭幕。 特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 5月2 0日，正值第2 6个"世界计量日"， 蔡司工业质量解决方案长春质量卓越中心（QEC）于长春市高新区创投高新产业园正式揭幕。 作为蔡 司 在 东 北 地 区 布 局 的 综 合 性 质 量 服 务 平 台 ， 该 中 心 聚 焦 多 个 核 心 产 业 ， 以 全 球 领 先 的 测 量 技 术 赋 能 区 域 工 业 升 级 ， 开 启 " 计 量 筑 基 、 质 量 赋 能"的新篇章。 长春质量卓越中心（QEC）占地超过650平方米，是蔡司在中国东北地区最大规模的质量技术投资，配备覆盖全产业链的智能检测体系及全球 专家领衔的服务团队。 AI大潮袭来，唯有学习方能不被淘汰。 全新升级版 的 AI学习资料包 免费下载：《 AI资料包升级版 新增厦大湖南大学等》 | 版 权 ： 本 文 部 分 素 材 源 自 网 络 ， 版 权 归 原 作 者 所 有 ， 观 点 代 表 作 ...

Core Viewpoint - The company is required to provide detailed explanations regarding its revenue recognition, cash flow trends, and the impact of recent asset sales on its financial performance, particularly focusing on the sustainability of its operations and compliance with regulatory guidelines. Group 1: Revenue and Profitability - The company must explain the growth prospects of its revenue, considering industry conditions, main business developments, and changes in market share, with a focus on whether there is a realistic possibility of revenue falling below 100 million [2] - The company reported a gross margin of 38.26% for its main business of vehicle inspection equipment, an increase of 0.87 percentage points, with revenue growth of 12.40% and cost growth of 10.84% [3] - The company needs to clarify the reasons for the rapid growth in production and sales of vehicle inspection equipment not aligning with revenue and gross margin increases [3] Group 2: Cash Flow Analysis - The company’s net cash flow from operating activities has decreased for three consecutive years, with figures of 29.39 million, 10.99 million, and 4.97 million respectively [4] - The company is required to explain the reasons for the continuous decline in cash flow and its inconsistency with revenue and net profit trends [5] - The company must assess whether the declining cash flow trend is likely to continue and outline any measures taken or planned to address this issue [5] Group 3: Asset Transactions - The company sold assets to a related party for 52.57 million, and it must detail the internal review process and disclosure obligations related to this transaction [6] - The company is required to explain the rationale and necessity of the asset sale, ensuring it has commercial substance and does not manipulate profits [6] - The company must provide information on the pricing basis and fairness of the transaction, as well as the impact of this sale on the 2024 net profit [7]

5月14日，中美关税调整，第一时间接到消息的东莞外贸企业，加班加点生产，争取早点出货早点回 款；有物流公司反映，货柜难得地出现一个多月以来的"爆仓"现象！一时之间，前往美国的海运变得热 闹起来，外贸工厂里，机器轰鸣声不断！ 连日来，记者走访多家外贸企业时发现，企业在赶工完成美国订单的同时，也在积极开拓新的市场。东 莞外贸迎来"大变局"：从早期的单一市场到全球化布局；从纯代工转型为"品牌出海"；推动"出口转内 销"落地，在政企联动下，也正进行得如火如荼！ 企业赶制对美订单，争取尽早出货 "之前暂停的订单，现在全面恢复啦，我们正在努力往前赶！"5月19日，东莞市厨管家电器科技有限公 司（以下简称"厨管家"）销售总监王巍桦在忙碌之余，抽空接受了记者的采访。早前受到关税影响，厨 管家在和美国客户商量后，对美订单暂停生产、发货。在中美互降关税消息传来后，厨管家第一时间接 到了美国客户的通知。"现在工厂在加班加点生产，比较忙，大家都在争取早一点出货，早点收款。" 每年的7月中旬是亚马逊Prime会员日，为了迎接这个购物节，不少跨境电商企业在五六月就会忙碌起 来。莞商跨境创始人、东莞铂力跨境电子商务有限公司首席产品官劳文启 ...

Group 1: 5G Smart Factory Impact - The 5G smart factory has been officially launched after over two years of construction and testing, playing a significant role in the company's smart manufacturing and green transformation [2][3] - Short-term profit enhancement from the 5G smart factory is unlikely due to ongoing adjustments, but it is expected to provide strong momentum for future performance growth [2][3] - The factory achieves a production cycle of 18 seconds per unit and an automation rate of 95%, with energy consumption 20% better than national standards, significantly improving production efficiency and data application [3] Group 2: Trusted Data Space Development - The company is responding to the national "Trusted Data Space Development Action Plan 2024-2028" by building a trusted data space to facilitate data resource sharing and value co-creation [3] - The trusted data space aims to connect various stakeholders in the water industry, enhancing collaboration and promoting high-quality development towards smart and sustainable practices [3] Group 3: Cloud Intelligence Platform - The Cloud Intelligence platform, designed for small and medium-sized water companies, has served over 300 water companies, covering more than 50 million households [4] Group 4: Business Improvement of Tianhe Permanent Magnet - The company has taken over Tianhe Permanent Magnet's operations in 2025, focusing on R&D investment and channel development, achieving a first-pass recovery rate of over 96% for low-content waste materials [5] - The operational status of Tianhe Permanent Magnet is gradually improving through cost control and capacity enhancement [5] Group 5: Market Positioning and Valuation Management - The company emphasizes market management and shareholder returns, focusing on core business, increasing R&D investment, optimizing product structure, and expanding both domestic and international markets to enhance operational performance [5]

Group 1 - The core event was the "5·20 World Metrology Day" held in Suzhou, where the local market supervision bureau presented outstanding achievements in metrology work from the previous year, focusing on electronic weighing scale regulation in agricultural markets, the construction of instrument and meter industrial parks, and the development of metrology talent [1] - The local market supervision bureau has strengthened metrology technology research and testing services to meet industrial development needs, promoting deep integration of metrology testing with industry, and accelerating the establishment of industrial metrology testing centers [1] - Suzhou has established several metrology testing centers, including a national flat panel display industry metrology testing center and provincial centers for cold chain logistics and nanomaterials, among others, and has developed 36 calibration standards and testing methods [1] Group 2 - The instrument and meter industry in Suzhou is rapidly developing, with strong competitive advantages in various sub-sectors such as electronic measurement instruments and medical equipment manufacturing [2] - In 2024, Suzhou High-tech Zone was approved to build a provincial-level instrument and meter industrial park, currently housing about 250 related enterprises, making it a leading area in the country [2] - The local market supervision department plans to conduct a series of promotional activities to showcase the importance of metrology in supporting industrial development, safeguarding public interests, and promoting technological innovation [2]

Core Viewpoint - The legal opinion letter from Beijing Hairun Tianrui Law Firm confirms that Hangzhou Xili Intelligent Technology Co., Ltd. has complied with necessary procedures and regulations for its 2025 restricted stock incentive plan, including the approval and authorization processes [1][3][6]. Group 1: Approval and Authorization - The company’s board of directors and supervisory board approved the incentive plan and its related documents on April 25, 2025 [3][4]. - The company conducted a public solicitation for proxy voting rights from independent directors regarding the incentive plan on April 28, 2025 [5]. - The annual shareholders' meeting scheduled for May 20, 2025, will review the incentive plan and related matters [5][6]. Group 2: Granting Conditions and Objects - The incentive plan allows for the granting of 3.1 million restricted shares to 81 incentive objects at a price of 5.54 yuan per share, as approved on May 20, 2025 [6][9]. - The granting conditions require that neither the company nor the incentive objects have encountered any disqualifying events as outlined in the relevant regulations [8][9]. Group 3: Conclusion - The legal opinion concludes that all necessary approvals and authorizations have been obtained, and the granting date and objects comply with the relevant laws and regulations [9][10].

第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 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》）和《上市公司股东大会规则》（以下简称："《股东大 会规则》"）《上市公司章程指引《深圳证券交易所股票上市规则》（以下简称： "《上市规则》"）《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："《监管指引》"）其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以下 简称"公司"）。 公司由武汉高德红外技术有限公司依法整体变更、以发起方式设立；在武 汉市市场监督管理局注册登记，取得营业执照，营业执照注册号 武汉高德红外股份有限公司 公司章程 二〇二五年五月 （2024 年年度股东大会审议通过） 第一章 总则 第三条 公司于 2010 年 4 月 21 日经中国证券监督管理委员会（以下简称： "中国证监会"）批准，首次向社会公众发行人民币普通股 75,000,000 股，于 第四条 公司注册名称及住所： 中文名称：武汉高德红外股份有限公司 英文名称：WuhanGuideInf ...