证券代码：688006 证券简称：杭可科技 公告编号：2026-011 浙江杭可科技股份有限公司 2025年度业绩快报更正公告 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、准确性和完整性依法承担法律责任。 本公司于2026年2月28日在《上海证券报》和上海证券交易所网站 （www.sse.com.cn）披露了公司 《2025年度业绩快报公告》（公告编号：2026-010），由于公司人员工作疏忽，将落款日期填写为2025 年2月28日，现予以更正，更正后日期为2026年2月28日。 本公司就上述工作失误给投资者带来的不便表示歉意，请广大投资者注意投资风险。 特此公告。 浙江杭可科技股份有限公司董事会 单位：元 ■ 注：1、本报告期初数同法定披露的上年年末数。 2、以上财务数据及指标以合并报表填制，但未经会计师事务所审计，最终数据以公司2025年年度报告 为准。 3、以上增减变动幅度数据如有尾差，系四舍五入所致。 2026年2月28日 证券代码：688006 证券简称：杭可科技 公告编号：2026-010 浙江杭可科技股份有限公司 2025年度业绩快报公告 ...

Group 1 - The company Honggong Technology (301662.SZ) expects a net profit attributable to shareholders of 70 million to 85 million yuan for 2025, representing a decline of 59.09% to 66.31% compared to the previous year [1] - The net profit after deducting non-recurring gains and losses is projected to be between 63.41 million and 78.41 million yuan, reflecting a decrease of 61.20% to 68.63% year-on-year [1] Group 2 - The lithium battery industry is still in a weak recovery phase in 2024, with some battery manufacturers facing pressure on capacity utilization, leading to a slowdown or halt in expansion plans [2] - In 2025, the lithium battery industry is expected to see a rebound, with the company forecasting new orders of 3.554 billion yuan, an increase of 53.41% year-on-year [2] - The revenue recognition process for the company's products involves installation, debugging, and trial production, which results in a longer cycle for confirming income, causing a mismatch between order growth and revenue realization [2] - Delays in the delivery of certain historical projects are expected to lead to significant reductions in gross profit due to high project costs, and accounts receivable will need to account for potential credit impairment losses [2] - The company aims to maintain steady operations, promote technological innovation, enhance project delivery management, deepen cost control, and improve accounts receivable collection to create long-term value for shareholders [2]

Core Viewpoint - Shenzhen Shangshui Intelligent Co., Ltd. is facing significant challenges in its IPO journey, primarily due to heavy reliance on a single customer, BYD, and declining market share in its core business segment [1][3][40]. Group 1: IPO Journey - The company's IPO application was initially accepted in June 2023 but was withdrawn in June 2024 due to concerns regarding customer dependency and technological advancement [3][42]. - After a six-month hiatus, the company re-engaged with Minsheng Securities to restart its IPO process, this time targeting the ChiNext board with a reduced fundraising goal of 5.87 billion [3][42]. Group 2: Market Position and Revenue - Over 90% of the company's revenue is derived from its efficient pulping equipment, which is crucial in the lithium battery production process [4][50]. - The market share of Shangshui Intelligent in the circular pulping equipment segment has decreased from 89% in 2022 to 60% in 2024, indicating increased competition [8][47]. - In the overall lithium battery pulping system market, the company holds only a 12.8% share, ranking third behind leading competitors [8][48]. Group 3: Customer Dependency - The company is heavily reliant on BYD, with 65.8% of its revenue expected to come from this single customer in 2024, up from 50% previously [14][53]. - The sales margin for products sold to BYD is significantly higher compared to other customers, raising concerns about the fairness of related transactions [15][55]. Group 4: Financial Performance and Challenges - The average execution cycle for core products has increased from 17.53 months in 2022 to 23.20 months in 2024, further extending to 28.63 months in the first half of 2025, reflecting delays in customer acceptance [24][63]. - As of the end of 2024, the company's inventory reached 885 million, accounting for nearly half of its total assets, with a low inventory turnover rate of 0.37 times [28][66]. - The company has only recorded a positive operating cash flow in 2022, with significant cash outflows in subsequent years despite profitability [68][70]. Group 5: Leadership and Governance Issues - The company's actual controller, Jin Xudong, has engaged in questionable financial practices, including transferring significant amounts of company funds to himself during critical financial periods [36][72]. - Despite the company's financial struggles, Jin has managed to cash out over 50 million, raising concerns about governance and the prioritization of personal gain over company health [36][73].

Core Viewpoint - The article discusses the challenges faced by Shenzhen Shangshui Intelligent Co., Ltd. in its IPO journey, highlighting its heavy reliance on BYD as a major customer and the decline in its market share in the lithium battery equipment sector [1][3][15]. Group 1: IPO Journey - Shangshui Intelligent's IPO application was initially accepted in June 2023 but was withdrawn in June 2024 due to concerns from the exchange regarding customer dependency and technological advancement [3][4]. - The company has reinitiated its IPO process with a new target on the ChiNext board, reducing its fundraising goal from 1 billion to 587 million [3][4]. Group 2: Market Position and Competition - Shangshui Intelligent's market share in the circular pulping equipment segment has decreased from 89% in 2022 to 60% in 2024, indicating increasing competition [9][10]. - In the overall lithium battery pulping system market, the company holds only a 12.8% share, ranking third behind competitors with significantly higher revenues [10][11]. Group 3: Revenue Dependency - The company derives over 90% of its revenue from a single product, the circular pulping equipment, which limits its growth potential [11]. - BYD contributes 65.8% of Shangshui Intelligent's revenue in 2024, highlighting the company's dependency on a single customer [15][24]. Group 4: Financial Performance and Challenges - The average execution cycle for core products has increased from 17.53 months in 2022 to 23.20 months in 2024, indicating delays in customer acceptance [28][30]. - As of the end of 2024, the company's inventory reached 885 million, accounting for nearly half of its total assets, with a low inventory turnover rate of 0.37 times [32][33]. - Despite reporting profits in 2022, the company has faced negative operating cash flows in 2023 and 2024, indicating liquidity issues [34][35]. Group 5: Management and Governance Issues - The company's actual controller has reportedly cashed out over 50 million, raising concerns about governance and financial management during a critical period for the company [38][40]. - The controller's actions, including significant cash withdrawals and stock transfers, have occurred despite the company's financial struggles, suggesting potential conflicts of interest [40][41].

Group 1 - The company has received inquiries regarding the recent surge in lithium battery materials and the increase in lithium battery demand, specifically about the sales and profit growth rates of its lithium battery and energy storage products [2] - The company holds a 22.93% stake in Guangdong Xinyu Intelligent Equipment Co., which specializes in the R&D and production of equipment related to lithium battery production lines, indicating a strong brand competitiveness in the industry [2] - The contribution of Guangdong Xinyu Intelligent Equipment Co. to the company's profits is relatively small, and the order proportion for energy storage products in 2025 is also expected to be minimal [2]

Core Viewpoint - Shenzhen Zhongji Automation Co., Ltd. has completed its IPO counseling filing with the Shenzhen Securities Regulatory Bureau and plans to list on the Beijing Stock Exchange, focusing on the research, design, production, and sales of lithium battery automation production equipment [2] Group 1: Company Overview - Shenzhen Zhongji was established in May 2004 and specializes in the automation production equipment for lithium batteries, particularly in the cell assembly and testing stages [2] - The company's product types include automated production lines and intelligent specialized machines capable of producing various battery forms such as cylindrical, soft-pack, and square batteries [2] Group 2: Financial Performance - The operating revenue for Shenzhen Zhongji from 2022 to 2024 is projected to be 644 million yuan, 853 million yuan, and 754 million yuan respectively, while the net profit attributable to shareholders is expected to be 14.97 million yuan, 35.55 million yuan, and 28.88 million yuan [2] - In the first half of 2025, the operating revenue was 170 million yuan, a decrease of 57.33% year-on-year, with a net loss attributable to shareholders of 47.62 million yuan compared to a profit of 2.30 million yuan in the same period last year [3] - The gross profit margin for the first half of 2025 was 24.81%, up from 20.18% in the previous year [3] - The net cash flow from operating activities in the first half of 2025 was 8.38 million yuan, an improvement from a negative 83.52 million yuan in the same period last year, attributed to an increase in sales receipts [3] Group 3: Shareholding Structure - He Weiguo and Song Yuping are the co-controlling shareholders and actual controllers of Shenzhen Zhongji, with He directly holding 18.05 million shares (28.81% of total shares) and indirectly controlling an additional 3.61% through a partnership [4] - Together, He and Song control 48.73% of the company, with He serving as the chairman and general manager, while Song is the director and deputy general manager [4]

Core Viewpoint - Funi Dongfang has indicated that it supplies a small amount of lithium battery production equipment to Huawei, but has not yet provided solid-state battery equipment, and the current collaboration does not significantly impact the company's performance [1] Company Summary - Funi Dongfang is currently engaged in supplying lithium battery production equipment to Huawei [1] - The collaboration with Huawei is not expected to have a major effect on the company's financial results [1] Industry Summary - The company has not yet entered the solid-state battery equipment market in its partnership with Huawei [1]

在动力电池技术不断迭代的背景下，全球主流电池企业纷纷布局大圆柱电芯产线，电芯规格不断扩展、制造工艺不断升级，创新技术的应用正加速推动大圆 柱电池进入产业化的规模量产新阶段。 往 期 回 顾 举办 华冠科技在设备研发过程中提出了 基于速度控制与张力补偿相结合的先进张力控制方法 ，确保收卷张力稳定，有效解决高速卷绕中极片压实度不均、电芯 外形不规则以及性能不稳定等问题。通过分析电芯内应力变化规律，华冠科技技术团队精准确定了最优的 收卷张力控制方案 ，进一步保障了电芯产品的稳 定性和一致性。 此外，华冠科技技术团队深入研究 高速状态下的极片纠偏内在机理 ，成功构建了高速卷绕的纠偏控制模型，揭示了纠偏机构瞬态位移响应的关键影响因 素，有效指导了设备设计优化与技术改进，进一步提升了设备在高速生产状态下的纠偏精度与可靠性。 华冠智造， 为全球大圆柱提速赋能 截至目前， 华冠科技 已为韩国多家头部电池企业成功交付锂电池中段智能装备 ，并积累了丰富的韩国市场服务经验与交付能力，助推大圆柱电池产业化进 程提速。 2 面向未来，华冠科技将持续践行"让制造更精妙"的企业使命，以更先进、更稳定、更高效的技术解决方案，助力全球客户抢占 ...

证券简称： 纳科诺尔 证券代码： 832522 河北省邢台市经济开发区振兴南路 1788 号 邢台纳科诺尔精轧科技股份有限公司 大的市场风险。投资者应充分了解北京证券交易所市场的投资风险及本公司所披露的风险因素，审 慎作出投资决定。 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 邢台纳科诺尔精轧科技股份有限公司招股说明书（注册稿） 本公司的发行申请尚未经中国证监会注册。本招股说明书申报稿不具有据以发行股票的法律效 中国证监会和北京证券交易所对本次发行所作的任何决定或意见，均不表明其对注册申请文件 及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利能力、投资价值或 者对投资者的收益作出实质性判断或者保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自行负责；投 资者自主判断发行人的投资价值，自主作出投资决策，自行承担股票依法发行后因发行人经营与收 益变化或者股票价格变动引致的投资风险。 1-1-1 声 明 发行人及全体董事、监事、高级管理人员承诺招股说明书及其他信息披露资料不存在虚假记载、 误导性陈述或 ...