Core Viewpoint - The company has successfully developed micro planetary roller screw specifications with diameters of 9.0mm, 6.5mm, and 5.0mm, and has sent samples to five leading industry clients [1] Group 1: Product Development - The company is focusing on R&D in the precision transmission field, aiming to overcome core technical bottlenecks such as high precision, long lifespan, and low noise [1] - The company is actively promoting the localization process of its products, leveraging existing precision component manufacturing technologies [1]

日发精机公告，公司全资子公司日发香港公司拟将其全资子公司意大利MCM公司100%股权以1欧元价 格转让给Special Situations S.r.l.公司。本次交易完成后，公司将不再持有意大利MCM公司股权。同时， 因借款形成的财务资助911.68万欧元将被纳入标的公司C.N.C程序并按照意大利当地相关法律法规进行 处理。在本次股权转让完成后，将导致公司被动形成对合并报表范围以外公司提供财务资助情形。 ...

申科股份公告，公司于2025年12月3日召开的第六届董事会第九次会议审议通过了《关于设立分公司的 议案》，同意设立深圳分公司。深圳分公司将作为公司的一个分支机构，旨在优化公司战略布局，开拓 外贸业务，提供本地化服务，提升公司综合竞争力。此次设立分公司不构成关联交易或重大资产重组， 不会对公司业务发展和持续盈利能力产生不利影响。 ...

Group 1 - The company Yonghe Zhikong announced plans to optimize its asset structure and improve cash flow by publicly transferring 100% equity of its wholly-owned subsidiary Chengdu Shanshui Shang Hotel Co., Ltd. and the debt owed by Chengdu Yonghe Cheng to Chengdu Shanshui Shang [1] - The initial public listing price for the transfer of the equity and debt is set at no less than approximately 185 million yuan [1] - Upon completion of the transaction, the company will no longer hold equity in Chengdu Shanshui Shang, and it will be excluded from the company's consolidated financial statements [1]

三、反向思考，洞察资金流向 对此，笔者认为，我们不妨思考一下：为何公司宁愿牺牲收益也要紧急召回资金？ 若这是为更好的主业投资"开道"，此次"亏本理财"实则是果断决策。它可能意味着公司从"财务保守"迈 向"战略进取"，将资金从低效金融循环中抽出，注入产业扩张、技术研发或市场开拓主航道。 资本市场不应只聚焦理财收益的"小数点"，更应关注资金流向的"大方向"。若此举是为聚焦主业、抢占先 机，今日少赚的理财利息，或正为明日更大企业价值奠基。 刚刚（12 月 3 日），智能自控（002877）再发理财公告：1020 万元闲置募集资金理财 35 天后赎回，收益 5868.49 元，年化收益率仅 0.6%，远低于常规水平。对比前日公告，此次大概率是提前赎回，公司宁愿舍 弃大部分预期收益，也要提前拿回千万资金。这看似"亏本"，实则或藏积极信号。 一、舍"小利"逐"大业" 在收益率本就不高的情形下，提前赎回、承担收益损失，通常意味着资金有更重要、更紧迫的用途。其 一，主业投资迎关键节点。募投项目或加速推进，或有意外机遇，急需资金支持。其二，战略布局豁然开 朗。公司可能发现回报更高、与主业协同更强的短期投资或并购机会。其三，经营 ...

Core Viewpoint - The announcement by Intelligent Control (002877) regarding the redemption of financial products has sparked public discourse, revealing the underlying issues of the company's operational performance and reliance on financial management rather than core business growth [1] Financial Performance - The annualized return of approximately 1.92% from the investment in bank financial products is only slightly higher than that of a regular savings account, indicating a lack of effective capital utilization [2] - The company utilized nearly 9.8 million yuan of idle raised funds, yielding only 17,500 yuan in returns over 34 days, highlighting a significant disconnect between capital efficiency and the company's identity and resource allocation capabilities [2] Growth Challenges - The characterization of the funds as "temporarily idle" raises concerns about the company's growth potential, suggesting slow project advancement, a scarcity of investment opportunities, or a lack of confidence from management in expanding the core business [3] - The reliance on financial product returns as a performance metric raises questions about the remaining growth potential in the company's primary operations [3] Compliance vs. Reasonableness - While the actions taken by the company may be compliant with regulations, compliance does not equate to rationality or optimal decision-making, as the company has a responsibility to maximize long-term value for public investors [3] - The focus on low-risk financial management reflects a conservative approach that may undermine the company's future competitiveness in a highly competitive market [3] Perception and Values - The announcement intended to showcase prudent fund management inadvertently revealed the company's values, signaling a concerning disregard for capital efficiency, which is more alarming to investors than the actual return figures [4] - The enthusiasm for minor financial gains reflects a strategic confusion within the company, as resources are directed towards trivial profits rather than deepening core business operations and exploring growth avenues [5]

格隆汇12月3日｜华安证券研报指出，富创精密2025年第三季度归母净利润2521万元，同比减少63%， 环比减少27%；公司利润端承压，主要是公司为应对未来需求，主动实施产能、技术、人才前置战略， 导致成本大幅增加。坚定推行产能与人才前置战略，研发投入持续加码公司着眼于长期国产替代与国际 化竞争机遇，坚定加大关键资源投入。2025年第三季度研发费用约7400万元，同比增长35%，研发费率 提升至7%。前三季度公司在生产及研发运营类人才上投入显著增加，为高效运行和技术突破提供保 障。随着新产能规模效应逐步释放以及人才团队成熟，公司有望在未来构筑更强的交付能力，逐步消化 前期投入。由于公司投入增大，调整2025-2027年公司归母净利润为0.98、1.72、4.01亿元（前值分别为 3.25、4.39、6.44亿元），对应的EPS分别为0.32、0.56、1.31元，最新收盘价对应 PE 分别为199x、 114x、49x，维持"增持"评级。 ...

Core Viewpoint - The company has successfully developed micro planetary roller screws with nut diameters of 9.0mm, 6.5mm, and 5.0mm, and has provided samples to five leading industry clients [1] Group 1 - The company is focused on R&D in the precision transmission field, aiming to overcome core technical bottlenecks such as high precision, long lifespan, and low noise [1] - The company is actively promoting the localization process of its products, leveraging existing precision component manufacturing technologies [1]

Core Viewpoint - Fuliwang (688678.SH) has entered the sample delivery stage for its micro screw products, indicating progress in its product development and potential market expansion [1] Group 1: Product Development - The company has sent samples of micro screws to five leading industry clients, showcasing its commitment to innovation and customer engagement [1] - Fuliwang has begun shipping various metal components, including parts for robotic reducers (planetary gear reducers, limit sleeves), joint module components (joint covers, driver brackets, finger joint assemblies, linear joint main housings), and high-precision wave springs [1]

格隆汇12月3日丨锡南科技(301170.SZ)在互动平台表示，公司的产品暂无使用在航空航天。 ...