证券代码：688573 证券简称：信宇人 公告编号：2025-029 深圳市信宇人科技股份有限公司（以下简称"公司"）分别于2024年8月31日、 露了《2024年半年度报告》及其摘要、《2024年第三季度报告》、《2024年年度 报告》及其摘要。 根据《企业会计准则第14号——收入》第三十四条："企业应当根据其在向 客户转让商品前是否拥有对该商品的控制权，来判断其从事交易时的身份是主要 责任人还是代理人。企业在向客户转让商品前能够控制该商品的，该企业为主要 责任人，应当按照已收或应收对价总额确认收入；否则，该企业为代理人，应当 按照预期有权收取的佣金或手续费的金额确认收入，该金额应当按照已收或应收 对价总额扣除应支付给其他相关方的价款后的净额，或者按照既定的佣金金额或 比例等确定。"为了更严谨地执行收入准则，2024年公司对子公司东莞市见信天 蓝科技有限公司（以下简称"见信天蓝"）的一笔业务（以下简称"该笔业务"） 交易实质进行了更加严格的判断。鉴于见信天蓝对外销售的锂电池装配线系向外 部公司采购的成套设备，且见信天蓝在销售过程中并非作为"主要责任人"，基 于谨慎性考虑并结合审计机构相关建议，将该笔业务在半 ...

经营范围含工业自动控制系统装置销售；气体、液体分离及纯净设备销售；环境保护专用设备销售；电 气设备销售；机械设备销售；机械电气设备销售；阀门和旋塞销售；泵及真空设备销售；电子元器件与 机电组件设备销售；电子专用设备销售；环境监测专用仪器仪表销售；化工产品销售（不含许可类化工 产品）；金属链条及其他金属制品销售；建筑材料销售；机械零件、零部件销售；商业、饮食、服务专 用设备销售；数控机床销售；金属切割及焊接设备销售；软件销售；特种设备销售；环保咨询服务；金 属材料销售；电子、机械设备维护（不含特种设备）；普通机械设备安装服务；技术服务、技术开发、 技术咨询、技术交流、技术转让、技术推广；电气设备修理；货物进出口；技术进出口。（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动）许可项目：建设工程施工；建设工程设计。（依法 须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件 为准） 企业名称上海渌净界工业设备有限公司法定代表人刘亚男注册资本1000万人民币国标行业制造业>通用 设备制造业>其他通用设备制造业地址上海市宝山区长建路199号10幢企业类型有限责任公司（自然 ...

Summary of Key Points Core Viewpoint - The company, Kunshan Kosen Technology Co., Ltd., has provided a guarantee of 50 million yuan for its wholly-owned subsidiary, Jiangsu Jinkosen Electronic Technology Co., Ltd., to support its credit business with Nanjing Bank, which is within the previously approved guarantee limit [1][2][6]. Group 1: Guarantee Details - The guarantee amount is 50 million yuan, and the total guarantee balance provided by the company is also 50 million yuan [1]. - The company has not provided any counter-guarantee for this guarantee [1]. - As of the announcement date, the total external guarantees by the company and its subsidiaries amount to 569 million yuan, which represents 25.24% of the company's latest audited net assets [1][6]. Group 2: Subsidiary Information - Jiangsu Jinkosen Electronic Technology Co., Ltd. is a wholly-owned subsidiary of the company, established on January 11, 2019, with a registered capital of 200 million yuan [2][3]. - The subsidiary's business includes research and development of electronic products, precision metal structures, and various machinery and equipment [3]. Group 3: Financial Overview - The total assets of Jiangsu Jinkosen as of the first quarter of 2025 are 1.117 billion yuan, with total liabilities of 1.072 billion yuan, resulting in a net asset value of 45.57 million yuan [4]. - The subsidiary's revenue for the year 2024 was approximately 1.059 billion yuan, with a net profit of 12.17 million yuan [4]. Group 4: Board Decision and Rationale - The board of directors approved the guarantee during meetings held on June 17, 2025, and July 3, 2025, emphasizing that the guarantee is necessary for the subsidiary's operational needs and does not pose a risk to the company's ongoing viability [5][6]. - The board believes that the guarantee aligns with the company's overall interests and supports the sustainable development of the subsidiary [6].

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [1] - The registered capital of the company is RMB 150,447,805 [1] - The company is located at 77 Kehai Road, High-tech Zone, Qingdao, Shandong Province, with a postal code of 266111 [1] Business Objectives and Scope - The company's business objective is to effectively utilize shareholder investments to achieve optimal economic benefits and provide investment returns to shareholders [2] - The business scope includes import and export of goods and technology, manufacturing of specialized and general equipment, and various technical services [3] Shares - The company's shares are issued in the form of stocks, with a par value of RMB 1 per share [5] - The total number of shares issued by the company is 150,447,805 [5] Shareholder Rights and Obligations - Shareholders have the right to receive dividends, participate in shareholder meetings, supervise the company's operations, and transfer their shares [12][13] - Shareholders must comply with laws and regulations, pay their subscribed capital, and not abuse their rights to harm the company or other shareholders [15] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with the annual meeting to be held within six months after the end of the previous fiscal year [54] - Shareholders holding more than 10% of the shares can request the board to convene an extraordinary meeting [28] Decision-Making and Voting - Decisions at shareholder meetings require a two-thirds majority vote from attending shareholders [20] - The company must provide a notice of the meeting, including the agenda and voting procedures, at least 20 days prior to the annual meeting [66] Legal Compliance - The company must adhere to the laws and regulations regarding financial assistance and external guarantees, requiring approval from the board and shareholders for significant transactions [45][46] - Any violation of laws or regulations by directors or senior management can lead to legal action by shareholders [39][40]

分析师:李济生 登记编码: S0730522100002 liis@ccnew.com 分析师:郑婷 登记编码:S0730524110001 zhengting@ccnew.com 证券研究报告 相关报告 《河南资本市场月报(2025年第5期)》 2025-6-16 《河南资本市场月报(2025年第4期)》 2025-5-15 《河南资本市场月报(2025年第3期)》 2025-4-18 联系人:李智 投资要点: 河南省政府在培育未来产业、全方位扩大投资等方面出台了系列政 策。中部六省其他省份也发布有关稳就业、促发展的系列政策措施。 | ● 投资建议:6月份,全球市场环境有所改善,美联储降息预期升温, | | --- | | 我国多部门集中推出积极政策措施,其中证监会出台政策设置科创 | | 板科创成长层,扩大第五套标准适用范围,支持人工智能、商业航 | | 天、低空经济等更多前沿科技领域企业适用科创板第五套上市标 | | 准,突出了对科技创新企业的支持力度和范围进一步加大。因此, | | 建议持续关注河南省科技创新相关上市企业的投资机会。 | 风险提示:海外贸易政策带来的不确定性风险;经济增长和业绩不及预 ...

Mergers and Acquisitions - Hangcha Group's subsidiary plans to increase capital and acquire approximately 99% of Guozhi Robotics [1] - Changhong High-Tech is planning to purchase 100% equity of Guangxi Changke through share issuance and cash payment, which is expected to constitute a major asset reorganization [2] Shareholding Changes - Newray's senior management plans to reduce their holdings by up to 0.3% of the company's shares due to personal financial needs [3] - Zhuoyi Information's employee shareholding platform intends to reduce its holdings by up to 1.88% of the company's shares due to employees' financial needs [4] - Baotong Technology's major shareholders plan to collectively reduce their holdings by up to 2.36% of the company's shares for personal financial reasons [5] Performance Disclosure - Huayou Cobalt expects a year-on-year increase of 56% to 68% in net profit attributable to shareholders for the first half of 2025, driven by integrated operations and rising cobalt prices [6] - Skyworth Digital anticipates a year-on-year decline of 76% to 65% in net profit attributable to shareholders for the first half of 2025 due to a significant drop in sales prices of smart terminal products [7] - Shandong Molong expects a year-on-year decline of 92% to 94% in net profit attributable to shareholders for the first half of 2025, primarily due to the previous year's asset sales [8][9] Investment Matters - Jinhe Biological's wholly-owned subsidiary plans to invest 158 million yuan in a wastewater treatment expansion project to enhance future profitability [10] Risk Matters - Risconda's chairman and a director have been subjected to criminal coercive measures due to allegations of information disclosure violations [11]

Company Overview - Jiangsu Vibo Hydraulics Joint Stock Co., Ltd. specializes in the research, production, and sales of hydraulic power units and core components [7][11] - The company is headquartered in Huai'an Economic and Technological Development Zone, Jiangsu Province, with a total share capital of 49,695,000 shares as of April 30, 2025 [7][8] - The controlling shareholder is Haoxin Hydraulics Co., Ltd., with actual controllers being Ma Jinxing and Dong Lanbo, who collectively control 61.63% of the company [8][9] Financial Information - The company plans to issue convertible bonds with a total investment amount of 10,300 million yuan, intending to raise 10,000 million yuan for specific projects [3] - If the actual net amount raised is less than the intended amount, the company will adjust the investment priorities based on the actual situation [3] Industry Characteristics - The hydraulic power unit industry is classified under the manufacturing sector, specifically in general equipment manufacturing, focusing on hydraulic machinery and components [11][12] - The industry is characterized by a high degree of technical integration and strict precision requirements, involving multiple disciplines such as materials science, thermodynamics, and automation control [20][21] Regulatory Environment - The hydraulic industry is regulated through a combination of administrative oversight and industry self-regulation, with key regulatory bodies including the National Development and Reform Commission and the Ministry of Industry and Information Technology [12][13] - Recent policies emphasize digitalization and green manufacturing as critical points for industry transformation, promoting high-end, intelligent, and environmentally friendly manufacturing practices [15][17] Competitive Landscape - The global hydraulic industry is dominated by multinational corporations such as Parker Hannifin, Eaton, Bosch Rexroth, and Kawasaki Heavy Industries, which have established strong competitive barriers through extensive technology and product portfolios [17][18] - Domestic hydraulic companies primarily consist of small and medium-sized enterprises, with a low market concentration and a focus on mid-to-low-end products, indicating a need for improvement in high-end component development [18][19]

Core Viewpoint - The company, Shenyang Fuchuang Precision Equipment Co., Ltd., has announced the cancellation of certain restricted stocks, adjustments to the grant price of restricted stocks, and confirmed that the second vesting period of the initial grant meets the vesting conditions as per the 2023 and 2024 restricted stock incentive plans [1][2][24]. Summary by Sections 1. Restricted Stock Incentive Plans - The 2023 restricted stock incentive plan allows for the cancellation of 96,214 shares due to non-vesting conditions, with 66,620 shares canceled due to employees leaving or retiring, and 30,776 shares voluntarily relinquished by employees [13][14]. - The 2024 restricted stock incentive plan will see the cancellation of 1,258,840 shares due to non-vesting conditions and 124,320 shares from unallocated reserved stocks [13][14]. 2. Adjustments to Grant Prices - The grant price for the 2023 plan is adjusted from 46.76 RMB to 46.61 RMB per share, while the 2024 plan's grant price is adjusted from 25.14 RMB to 24.99 RMB per share due to dividend distributions [15][16]. 3. Vesting Conditions - The second vesting period for the 2023 plan has been confirmed, with a total of 356,221 shares eligible for vesting, distributed among 218 eligible participants [17][22]. - The vesting conditions include the company not having any adverse audit opinions and the participants meeting specific performance criteria [18][19]. 4. Independent Financial Advisor's Opinion - The independent financial advisor has confirmed that the cancellation of restricted stocks and the adjustments to grant prices have received necessary approvals and are in compliance with relevant laws and regulations [24].

Core Points - The Supervisory Board of Shenyang Fuchuang Precision Equipment Co., Ltd. has verified the list of incentive objects eligible for the second vesting period of the 2023 restricted stock incentive plan [1] - A total of 218 incentive objects meet the conditions set forth in relevant laws and regulations, with 80% of the company-level and individual performance assessment indicators qualifying for vesting [1] - The Supervisory Board has approved the vesting of 356,221 restricted shares for the eligible 218 incentive objects [2]

Group 1 - Shenzhen Mindray Bio-Medical Electronics Co., Ltd. was founded in 1999 and is primarily engaged in the manufacturing of specialized equipment [1] - The company has a registered capital of 12,124.41394 million RMB and is located in Shenzhen [1] - Mindray Medical's stock closed down 3.3% on July 7 [1] Group 2 - Two funds under E Fund Management entered the top ten shareholders of Mindray Medical, with E Fund's ChiNext ETF and CSI 300 Healthcare ETF reducing their holdings in the first quarter of this year [1] - E Fund's ChiNext ETF has a year-to-date return of 1.67%, ranking 2337 out of 3426 in its category [1] - E Fund's CSI 300 Healthcare ETF has a year-to-date return of 3.11%, ranking 1764 out of 3426 in its category [1]