证券代码：001306 证券简称：夏厦精密 公告编号：2025-046 浙江夏厦精密制造股份有限公司 关于召开 2025 年第三次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江夏厦精密制造股份有限公司（以下简称"公司"）第二届董事会第十五 次会议审议通过了《关于召开 2025 年第三次临时股东大会的议案》，公司将于 大会有关事项通知如下： 一、召开会议的基本情况 有关法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定。 （1）现场会议召开时间：2025 年 9 月 11 日（星期四）14:30 （2）网络投票： 深圳证券交易所交易系统投票时间：2025 年 9 月 11 日 09:15～09:25， 深圳证券交易所互联网投票系统投票时间：2025 年 9 月 11 日 09:15～15:00 期间的任意时间。 召开。除现场召开会议外，公司将通过深圳证券交易所交易系统和互联网投票系 统(http://wltp.cninfo.com.cn)向全体股东提供网络形式的投票平台，股东可 以在网络投票时间内通过上述系统行使表决权。 公司 ...

Group 1 - The core event is Luxshare Precision's submission of an IPO application to the Hong Kong Stock Exchange, aiming to raise over $1 billion to enhance its global supply chain capabilities [1] - Founded by Wang Laichun, Luxshare has transformed from a Foxconn employee to a key player in the precision manufacturing sector, achieving a revenue of 268.8 billion yuan in 2024, ranking fourth globally and first in mainland China [1][3] - The IPO reflects the ambition of Chinese manufacturing companies to break free from the "OEM dilemma" and build a global ecosystem [1][3] Group 2 - Luxshare's strategic ambition includes diversifying its business to reduce reliance on Apple, with consumer electronics contributing 72% of revenue in 2024, while automotive electronics grew by 49.6% over three years [4] - The company invested 8.56 billion yuan in R&D in 2024, representing 3.2% of its revenue, and holds 6,996 patents, with products like smart cockpit systems entering mass production [5] - A significant acquisition of the German Leoni Group for 4.4 billion yuan enhances Luxshare's high-end automotive wiring technology [6] Group 3 - The IPO proceeds will be allocated as follows: 40% for production expansion, 30% for R&D, and 20% for mergers and acquisitions to accelerate overseas supply chain development [7] - Luxshare's vertical integration strategy allows it to move from simple processing fees to mastering the entire supply chain, achieving stable gross margins of 10%-12% [8] - The company mitigates risks by diversifying its customer base and supply chain, with the top five suppliers accounting for 62.3% of purchases, while also leveraging "China R&D + Mexico manufacturing" to reduce geopolitical risks [9] Group 4 - Luxshare is positioning itself in future industries such as low-altitude economy, humanoid robotics, and AI computing, with projects like lightweight battery modules and joint motors entering trial production [10][11] - The rise of Luxshare exemplifies the pragmatic and adventurous spirit of the Chaozhou business philosophy, leveraging the Pearl River Delta's manufacturing ecosystem for rapid prototyping and delivery [12] - The company aims to become a "super interface" connecting the physical and digital worlds, using the Hong Kong IPO as a springboard for global expansion [13]

Core Viewpoint - Luxshare Precision's progress towards listing on the Hong Kong Stock Exchange (HKEX) is advancing, with the company submitting its application for H-share issuance on August 18, 2025 [1] Group 1: Company Overview - Luxshare Precision is a leading global precision manufacturing and innovative technology company, providing integrated development from precision components to systems across various fields including consumer electronics, automotive electronics, and data centers [1] - The company has a significant reliance on a single customer, with revenue from its largest client accounting for 73.3%, 75.2%, and 70.7% of total revenue in 2022, 2023, and 2024 respectively [1] Group 2: Fundraising and Utilization - The net proceeds from the IPO will primarily be used for expanding and upgrading existing production bases, particularly for global capacity expansion in automotive and consumer electronics [1] - Investment in technology research and development, as well as improving manufacturing processes, is also a key focus for the use of raised funds [1] Group 3: Business Growth - The compound annual growth rate (CAGR) of Luxshare Precision's automotive electronics business is projected to reach 49.6% from 2022 to 2024, with expected revenue of 13.8 billion yuan in 2024, accounting for 5.1% of total revenue [1] - In the first quarter of 2025, the revenue growth rate for this business segment is expected to be significant [1] Group 4: Global Expansion - Luxshare Precision has established manufacturing bases in various countries including China, Vietnam, Thailand, Indonesia, Malaysia, Romania, Morocco, India, Mexico, and Germany, indicating a broad global capacity layout [1] - In China, the company has set up manufacturing bases in multiple provinces, effectively integrating local industrial resources and high-quality talent [1]

Core Viewpoint - Luxshare Precision's application for H-share listing on the Hong Kong Stock Exchange marks a significant step in its globalization strategy, aiming to enhance its financing capabilities and governance transparency [1][2]. Group 1: Company Overview - Luxshare Precision is a leading precision manufacturing technology company, providing integrated development and manufacturing solutions across various sectors, including consumer electronics, automotive electronics, and data centers [1]. - The company's products are widely used, with projections indicating that by 2024, one in every two smartphones, one in every three wearable devices, and one in every five smart cars will utilize its products [1]. Group 2: Financial Dependency - The revenue from Luxshare Precision's largest customer, identified as Apple, accounted for 73.3%, 75.2%, and 70.7% of total revenue in 2022, 2023, and 2024, respectively, indicating a heavy reliance on a single client [1]. Group 3: Listing and Fund Utilization - The application for H-share listing is part of a broader strategy to deepen global expansion, with the net proceeds from the offering intended for expanding production capacity, investing in R&D, and acquiring quality targets in the supply chain [2]. - The company plans to use part of the funds to repay bank loans and supplement working capital [2]. Group 4: Business Growth - Luxshare Precision's automotive electronics business has shown a compound annual growth rate of 49.6% from 2022 to 2024, with revenue reaching 13.8 billion yuan in 2024, representing 5.1% of total revenue [3]. - In Q1 2025, the automotive business revenue growth accelerated to 98.9% year-on-year [3]. Group 5: Global Production Strategy - The company has established manufacturing bases in various countries, including China, Vietnam, Thailand, Indonesia, Malaysia, Romania, Morocco, India, Mexico, and Germany, to optimize its global market layout and enhance responsiveness to customer demands [4]. - In China, Luxshare has set up bases in multiple provinces, leveraging local resources and talent to create a hub for precision manufacturing [4]. - The Southeast Asian and Eastern Asian operations benefit from lower labor costs and favorable policies, while the European and American bases allow for closer proximity to local markets, improving delivery times and market responsiveness [4].

Core Viewpoint - Eagle Precision (01286) has experienced a decline of over 5%, currently trading at 3.75 HKD, with a transaction volume of 10.97 million HKD. The company announced that approximately 40% of its products sold to the U.S. are subject to new tariffs, significantly impacting its business operations and profitability [1]. Group 1: Impact of U.S. Tariffs - The company reported that about 40% of its product value sold to the U.S. is under "Delivered Duty Paid" terms, meaning the company is responsible for shipping, customs clearance, and paying all applicable taxes and tariffs [1]. - Approximately 60% of the products included in this category are affected by the new tariff list, which imposes additional tariffs that exceed the company's gross margin [1]. - The imposition of these additional tariffs has made the company's supply chain commercially unviable and could potentially constitute a force majeure event [1]. Group 2: Financial Performance and Revenue - As of the end of last year, revenue from sales to the U.S. accounted for approximately 44.4% of the company's total revenue [1]. - The company is currently negotiating with customers regarding the potential transfer of the additional tariffs, making it difficult to assess the specific impact on its business and operations at this time [1]. - The company will continue to monitor the situation closely and will take appropriate measures to mitigate the impact of the additional tariffs on its business and operations [1].

Core Viewpoint - Eagle Precision (01286) has experienced a decline of over 5% in its stock price, attributed to the impact of new U.S. tariffs on its business operations and sales forecasts [1] Group 1: Business Impact - Approximately 40% of the products sold to the U.S. are under "Delivered Duty Paid" terms, meaning the company is responsible for shipping, customs clearance, and payment of all applicable taxes and tariffs [1] - About 60% of the products included in this category are subject to new tariffs, which are significantly higher than the company's gross profit margin, making the business commercially unviable [1] - The company's revenue from U.S. sales accounted for approximately 44.4% of total revenue as of the end of last year [1] Group 2: Future Actions - The company is currently negotiating to pass the additional tariffs onto customers, but it is unable to provide a specific assessment or calculation of the tariffs' impact at this time [1] - The company will continue to monitor the situation closely and will take appropriate measures to mitigate the impact of the additional tariffs on its business and operations [1]

Core Viewpoint - Luxshare Precision Industry Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming for a main board listing [1] Group 1: Company Overview - The company is a global leader in precision manufacturing and innovative technology, providing integrated development and manufacturing solutions across various fields including consumer electronics, automotive electronics, and communication and data centers [1] - Luxshare's products are widely used in various scenarios, with projections indicating that by 2024, one in every two smartphones, one in every three wearable devices, and one in every five smart vehicles will utilize the company's products [1]

Core Viewpoint - Luxshare Precision has submitted an application for issuing overseas listed shares (H-shares) and listing on the Hong Kong Stock Exchange, aiming to enhance its financing channels and international market influence [3][4] Group 1: Company Strategy - The company plans to use the funds raised from the H-share issuance primarily for expanding global production capacity, upgrading smart manufacturing facilities, increasing investment in technology research and development, and investing in high-quality upstream and downstream enterprises [3] - The focus of capacity expansion will be on meeting the rapidly growing market demand in consumer electronics and automotive electronics [3] Group 2: Financial Performance - In 2024, the company reported revenue of 268.795 billion yuan and a net profit of 13.366 billion yuan, both maintaining double-digit growth [4] - In the first quarter of 2025, the company continued its strong performance with revenue and net profit increasing by 17.9% and 23.17% year-on-year, respectively [4] Group 3: Market Position and Outlook - Analysts suggest that the Hong Kong listing will help the company optimize its capital structure and enhance its international brand influence [4] - Given the recovery in the global consumer electronics market and strong demand in the new energy vehicle and AI data center sectors, the company is well-positioned to consolidate its leading position in the precision manufacturing industry through this financing [4]

Core Viewpoint - Recently, Xibeicheng (Shanghai) Precision Manufacturing Co., Ltd. was established with a registered capital of 100,000 RMB, indicating a new player in the precision manufacturing sector in China [1] Company Summary - The legal representative of the company is Deng Liping, which may suggest a leadership structure focused on innovation and development in the manufacturing industry [1] - The company's business scope includes manufacturing electronic components and electromechanical assemblies, indicating a focus on high-tech and precision engineering [1] - Additional activities include processing mechanical parts, mold manufacturing, and production of plastic and metal products, showcasing a diverse manufacturing capability [1] - The company is also involved in the sale of various products including machinery, instruments, and electronic equipment, which may enhance its market reach and revenue potential [1] - The company offers technical services, development, consulting, and technology transfer, indicating a commitment to innovation and customer support [1]

Core Viewpoint - Jinwo Co., Ltd. (300984.SZ) reported a significant increase in revenue and net profit for the first half of 2025, driven by steady expansion in its core bearing ring business and strategic new businesses [1][2] Financial Performance - The company achieved a revenue of 614 million yuan, representing a year-on-year growth of 7.96% [1] - The net profit attributable to shareholders reached 25.47 million yuan, a substantial increase of 94.00% year-on-year [1] - The net profit after deducting non-recurring items was 23.34 million yuan, surging by 102.91% year-on-year [1] Business Segments - In the core bearing ring business, revenue was 587 million yuan, with a year-on-year growth of 8.29% and a gross margin increase of 0.7 percentage points to 14.29% [1] - The company serves as a key supplier to international bearing giants such as Schaeffler, SKF, and NSK, with a continuous increase in the proportion of high-end products [1] Strategic New Businesses - The strategic new businesses, particularly in screw components and insulated bearing rings, have shown initial success [1] - The screw component production line for nuts (excluding internal thread processing) has been completed, and the capacity construction for rollers and main screws is progressing smoothly [1] - The insulated bearing ring has achieved breakthroughs in research and is currently undergoing sample verification with customers in the new energy vehicle and industrial frequency conversion motor sectors, with technical parameters reaching international leading levels [1] Future Outlook - The company plans to accelerate the preparation for mass production of screw components and advance customer verification for insulated bearing rings in the second half of the year [2] - There is an intention to deepen strategic cooperation with international bearing companies, aiming to build a new growth engine in the precision manufacturing sector through the collaboration of three major business segments [2]