上海克来机电自动化工程股份有限公司 上海克来机电自动化工程股份有限公司 信息披露管理制度 信息披露管理制度 二○二五年五月修订 上海克来机电自动化工程股份有限公司 信息披露管理制度 第一章 总则 第一条 为规范上海克来机电自动化工程股份有限公司（以下简称"公司"） 的信息披露行为，加强信息披露事务管理，保护投资者合法权益，根据《中华人民 共和国公司法》《中华人民共和国证券法》（以下简称"《证券法》"）、《上市 公司信息披露管理办法》《上海证券交易所股票上市规则》（以下简称"《上市规 则》"）、《上海证券交易所上市公司自律监管指引第2号——信息披露事务管理》 及《上海克来机电自动化工程股份有限公司章程》（以下简称"《公司章程》"）， 特制定本制度。 第二条 本制度所称"信息"是指所有能对上海克来机电自动化工程股份有限 公司股票价格产生重大影响的信息、与投资者作出价值判断和投资决策有关的信息 以及证券监管部门要求披露的信息；所称"披露"是指在规定的时间内、在上海证 券交易场所的网站和符合国务院证券监督管理机构规定条件的媒体、以规定的披露 方式向社会公众公布前述的信息，并送达相关证券监管部门备案。 第三条 信息披露 ...

上海克来机电自动化工程股份有限公司 募集资金使用管理制度 二○二五年五月修订 上海克来机电自动化工程股份有限公司 募集资金使用管理制度 上海克来机电自动化工程股份有限公司 募集资金使用管理制度 第一章 总则 第一条 为进一步规范上海克来机电自动化工程股份有限公司（以下简称"公 司"）募集资金的管理和使用，提高募集资金使用的效率，防范资金风险，确保资 金安全，切实保护投资者利益，根据《中华人民共和国公司法》 《中华人民共和国证 券法》《上市公司募集资金监管规则》《上海证券交易所股票上市规则》（以下简称 "《上市规则》"）《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 等有关法律、法规和规范性文件规定和《上海克来机电自动化工程股份有限公司章 程》（以下简称"《公司章程》"）的规定，结合公司实际情况，特制定本制度。 第二条 本制度所称募集资金是指公司通过发行股票或者其他具有股权性质的 证券，向投资者募集并用于特定用途的资金，不包括公司为实施股权激励计划募集 的资金。 第三条 募集资金的使用应遵循集中管理、周密计划、预算控制、规范运作、公 开透明的原则。 第四条 公司募集资金应当按照招股说明书或者其他公 ...

Core Viewpoint - The company has established an investor relations management system to enhance communication with investors, ensure compliance with regulations, and improve corporate governance and overall value [1][2][3]. Group 1: General Principles and Objectives - Investor relations management aims to facilitate communication between the company and its investors, enhancing understanding and recognition of the company [1][2]. - The management should adhere to principles of fairness, equality, proactivity, and integrity [2][3]. - The objectives include fostering a positive relationship with investors, establishing a stable investor base, and maximizing overall corporate benefits and shareholder wealth [2][3]. Group 2: Target Audience and Content - The target audience for investor relations includes registered and potential investors, analysts, media, regulatory bodies, and other relevant individuals and institutions [3]. - Key content for investor relations includes the company's development strategy, legal disclosures, operational and financial information, major events, corporate culture, and shareholder rights [3][4]. Group 3: Communication Methods - The company employs various communication methods, including announcements, shareholder meetings, the company website, analyst meetings, and one-on-one communications [4][5][6]. - The company has established dedicated contact points for investor inquiries, ensuring timely and friendly responses [5][6]. Group 4: Responsibilities and Management - The board of directors oversees investor relations management, with the board secretary responsible for coordinating activities [12][13]. - The securities department handles specific tasks such as information disclosure, communication, public relations, and maintaining investor relations archives [13][14]. Group 5: Crisis Management - The company has protocols for handling investor relations crises, including negative media coverage, litigation, and regulatory penalties [30][31][32]. - Measures include timely reporting to the board, assessing impacts, and communicating with investors to mitigate adverse effects [31][32][33].

证券代码：603960 证券简称：克来机电 公告编号：2025-028 上海克来机电自动化工程股份有限公司 关于召开2025年第二次临时股东大会的通知 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： 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 无 二、 会议审议事项 本次股东大会审议议案及投票股东类型 投票股东类型 序号 议案名称 A 股股东 非累积投票议案 累积投票议案 本次提交股东大会审议的议案已经公司第四届董事会第二十次会议审议 通过，并经第四届董事会第二十次会议提请召开股东大会，相关决议已于 报》《上海证券报》《证券时报》《证券日报》予以披露。公司将在 2025 年第 二次临时股东大会召开前，在上海证券交易所网站（www.sse.com.cn）登载 《克来机电 2025 年第二次临时股东大会会议资料》。 应回 ...

Core Viewpoint - The article discusses the increasing number of accounting errors among listed companies, with over 40 companies correcting such errors in 2025, highlighting the distinction between unintentional accounting errors and intentional financial fraud [1] Group 1: Accounting Errors - Accounting errors are defined as omissions or misstatements in previous financial reports due to incorrect application of accounting standards, and they are considered unintentional [1] - Some companies have misused the term "accounting error" to cover up financial fraud, as seen in cases like Kangmei Pharmaceutical and Oriental Group [1] Group 2: Specific Company Adjustments - Keda Control has made accounting adjustments for multiple reporting periods, including annual and quarterly reports from 2022 to 2024, due to errors in revenue recognition related to its new energy charging and swapping business [2][3] - The adjustments were necessary because the company initially recognized revenue using the gross method instead of the net method, which is appropriate when the company does not have control over the electricity supplied [4] Group 3: Regulatory Guidance - The Ministry of Finance has provided practical guidance on revenue recognition for charging station businesses, indicating that companies should recognize revenue based on the net method when they do not have control over the electricity [5][8] Group 4: Company Performance - A company established in 2000 and listed in 2021 has reported a revenue of 434 million yuan in 2024, a year-on-year increase of 1.76%, but its net profit decreased by 37.42% to 34.51 million yuan [9] - The company has high accounts receivable, with the ratio of accounts receivable to revenue increasing over the last three years, indicating potential liquidity issues [9] - In the first quarter of 2025, the company reported a loss of 6.14 million yuan, attributed to increased marketing and R&D expenses [10] Group 5: Robotics Business Development - The company is focusing on the development of mining robots, with several models already in use in coal mines, and aims to enhance its technology for specialized mining applications [10] - However, the R&D expenditure for the robotics business was less than 5 million yuan in 2024, raising concerns about the commitment to this segment [11]

Group 1 - The core viewpoint of the news is that new policies for major asset restructuring have been implemented, leading to a surge in merger and acquisition activities among listed companies in the A-share market [1][3][4] - The new policies include simplified review procedures, innovative payment methods such as installment payments, and increased regulatory inclusiveness, which are expected to enhance market activity [1][3] - Since the introduction of the new policies, several companies, including Hongming Co., Guokewi, and Maipu Medical, have announced restructuring plans, indicating a growing trend in the market [2][3] Group 2 - The China Securities Regulatory Commission (CSRC) has revised the "Management Measures for Major Asset Restructuring of Listed Companies," introducing several first-time measures that have sparked significant interest [3][4] - The new rules aim to lower transaction costs and are expected to significantly increase the merger and acquisition demand among small and medium-sized companies and strategic emerging industries [3][4] - Data from the CSRC shows that since the implementation of the "Merger Six Articles," the scale and activity of the merger and acquisition market have increased significantly, with over 1,400 asset restructuring announcements and approximately 160 major asset restructurings disclosed [4]

Investment Rating - The report gives a "Strong Buy" rating for the company with a target price of 34.80 CNY [1][9]. Core Insights - The company is a leading player in the 3C automation equipment sector, actively expanding into emerging fields such as new energy, semiconductors, and low-altitude economy [6][8]. - The company has shown a compound annual growth rate (CAGR) of 11.94% in revenue from 2018 to 2024, increasing from 2.518 billion CNY to 4.954 billion CNY [6][29]. - The report anticipates revenue growth to reach 5.751 billion CNY in 2025, 7.004 billion CNY in 2026, and 8.392 billion CNY in 2027, with corresponding net profits of 517 million CNY, 636 million CNY, and 767 million CNY respectively [2][9]. Summary by Sections 1. Company Overview - The company specializes in automation equipment, flexible production lines, and key components, serving sectors like consumer electronics, new energy vehicles, and semiconductors [6][13]. 2. Consumer Electronics - The company benefits from the innovation cycle in consumer electronics, extending its business from assembly and testing to component assembly and testing [6][39]. - It has established strong ties with major clients like Apple, which significantly influences its revenue [51][56]. 3. New Energy - The company is expanding its offerings in lithium battery equipment, including integrated cutting and stacking machines, liquid injection machines, and automated assembly lines [73]. - It is also focusing on the growing demand for charging and swapping stations for electric vehicles [75]. 4. Semiconductor - The company is strategically expanding into the semiconductor packaging sector, leveraging its experience in industrial equipment manufacturing [6][9]. 5. Other Business Areas - The company is diversifying its product matrix, including core components and low-altitude economy applications, to broaden its market reach [6][21]. 6. Financial Projections - The report projects earnings per share (EPS) to be 1.16 CNY in 2025, 1.42 CNY in 2026, and 1.72 CNY in 2027, with a price-to-earnings (PE) ratio of 30 times for 2025 [2][9].

Group 1 - The core point of the news is that Cixing Co., Ltd. plans to acquire Shenyang Shunyi Technology Co., Ltd. to expand into the intelligent manufacturing sector after a previous acquisition attempt failed [1][2] - Cixing Co. reported a revenue of 2.218 billion yuan in 2024, a year-on-year increase of 9.16%, and a net profit attributable to shareholders of 284 million yuan, up 148.82% [2] - In Q1 2025, Cixing Co. achieved a revenue of 608 million yuan, a 2.7% year-on-year increase, but the net profit attributable to shareholders dropped by 66.5% to 76.11 million yuan [2] Group 2 - Cixing Co. has been actively pursuing acquisitions to diversify its business, having previously attempted to acquire Wuhan Minsong New Technology Co., Ltd. and successfully acquired Suzhou Dingna Automation in 2021 [2] - The company aims to strengthen its apparel segment while also expanding into non-apparel industries, focusing on technological knitting directions such as smart wearables and advanced medical fabrics [3] - Cixing Co. is seeking to create a second growth curve by leveraging its advantages in artificial intelligence to drive the commercialization of related technological achievements [3]

Meeting Announcement - The company will hold its first extraordinary general meeting of 2025 on June 20, 2025, at 15:00 [1] - The meeting will include both on-site and online voting options for shareholders [2][5] Voting Procedures - Shareholders can vote either in person or through the Shenzhen Stock Exchange's internet voting system [2][5] - Only one voting method can be chosen by each shareholder, and duplicate votes will be disregarded [2][3] Registration Details - Individual shareholders must present their ID and proof of shareholding to attend the meeting [3][4] - Corporate shareholders must provide documentation proving their legal representative status [4] Agenda Items - The meeting will discuss various proposals, including significant matters affecting minority investors, with separate vote counting for these shareholders [3][9] - The proposals have been approved in a prior board meeting held on May 21, 2025 [2][3] Additional Information - The meeting will last half a day, and attendees are responsible for their own travel and accommodation expenses [5] - Specific instructions for online voting are provided in the attachments [5][7]

关于南京埃斯顿自动化股份有限公司 北京市中伦律师事务所 法律意见书 二〇二五年五月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金 山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦律师事务所 关于南京埃斯顿自动化股份有限公司 致：南京埃斯顿自动化股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受南京埃斯顿自动化股份有 限公司（以下简称"公司"）委托，指派本所律师对公司 2024 年年度股东大会 （以下简称"本次股东大会"）的合法性进行见证并出具法律意见。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中 ...