登录新浪财经APP 搜索【信披】查看更多考评等级 ■ 上述制定、修订的制度中，部分制度尚需提交股东大会审议通过后生效，修订后的部分相关制度已于同 日在上海证券交易所网站（www.sse.com.cn）披露。 特此公告。 上海众辰电子科技股份有限公司董事会 2025年8月26日 证券代码：603275 证券简称：众辰科技 公告编号：2025-052 上海众辰电子科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的公告 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。 上海众辰电子科技股份有限公司（以下简称"公司"）于2025年8月22日召开第二届董事会第十六次会 议、第二届监事会第十二次会议，审议通过了《关于使用部分闲置募集资金（含超募资金）进行现金管 理的议案》，同意公司在保证不影响募集资金投资计划正常进行以及确保资金安全的前提下，拟使用不 超过人民币7亿元（含本数）的闲置募集资金进行现金管理（含超募资金），用于购买期限最长不超过 12个月的安全性高、流动性好、满足保本要求的投资产品（包括但不限于协议存款、结构性存款 ...

上海众辰电子科技股份有限公司2025 年半年度报告 公司代码：603275 公司简称：众辰科技 上海众辰电子科技股份有限公司 上海众辰电子科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人张建军、主管会计工作负责人徐文俊及会计机构负责人（会计主管人员）程宏 毓声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述了 ...

Core Insights - Shandong New Beiyang Information Technology Co., Ltd. reported a strong recovery in revenue and net profit for the first half of 2025, with revenue reaching 1.279 billion yuan, a year-on-year increase of 24.04%, and net profit attributable to shareholders at 37 million yuan, up 114.6% [1][2] Group 1: Financial Performance - The company achieved a revenue of 1.279 billion yuan in the first half of 2025, reflecting a 24.04% year-on-year growth [1] - Net profit attributable to shareholders was 37 million yuan, marking a significant increase of 114.6% compared to the previous year [1] - The overseas market contributed significantly, generating 533 million yuan, accounting for 42% of total revenue [1] Group 2: Strategic Growth - The "one body, two wings, and eight major businesses" strategy is being effectively implemented, with three strategic growth curves working in synergy [1][2] - The first strategic growth curve, which includes specialized printing and scanning, and smart self-service terminals, generated 900 million yuan, a 32% increase year-on-year [1] - The smart logistics equipment business saw a remarkable revenue of 120 million yuan, up 130%, with successful bids from several well-known express logistics companies [1] Group 3: Business Segments - The second strategic growth curve, focusing on new retail comprehensive operations, achieved revenue of 190 million yuan, a 13% increase, with new retail operations growing nearly 30% [2] - The third strategic growth curve, which includes key basic components, maintained stable revenue of 130 million yuan, with successful testing of products like servo systems and electric rollers by leading enterprises [2] Group 4: Global Expansion and R&D - The company is expanding its global footprint, focusing on the "Belt and Road" countries, Europe, South America, and Southeast Asia, with steady progress in the expansion of its factory in Thailand [2] - R&D efforts are centered on customer needs, with upgrades to key products and multiple software platforms, as well as advancements in new technologies like banknote recognition [2] Group 5: Operational Efficiency - New Beiyang is enhancing operational efficiency through lean production and procurement cost control, while also exploring AI tools to support digital transformation [2]

Group 1 - The company Xinjie Electric reported a closing price of 58.61 yuan on August 19, experiencing a decline of 0.94 yuan, which corresponds to a drop of 1.58% [1] - During the trading session, there was a rapid rebound where the stock price increased by over 2% within 5 minutes, reaching a peak of 60 yuan [1] - The company operates in the specialized equipment manufacturing industry, focusing on the research, production, and sales of industrial automation control products [1] Group 2 - The main products of the company include programmable controllers, human-machine interfaces, and servo systems, which are essential components of industrial automation control equipment [1] - On August 19, the net outflow of main funds was 8.869 million yuan, while the cumulative net inflow of main funds over the past five days was 10.7231 million yuan [1]

Core Viewpoint - New Beiyang (002376) is actively expanding its logistics automation business, focusing on providing intelligent equipment and integrated solutions for express logistics and e-commerce logistics operators [1] Group 1: Business Focus - The company is primarily targeting express logistics and e-commerce logistics operators with its "logistics site automation" series of intelligent devices and automation equipment [1] - New Beiyang is advancing its key basic component business according to existing plans [1] Group 2: Product Development - In the motion control sector, servo systems and electric rollers have successfully entered the supply chain of a leading domestic e-commerce logistics company and express logistics companies, achieving small batch sales breakthroughs with several integrators [1] - The company is maximizing the use of self-developed mainboards in its own equipment while expanding the application scale in smart financial devices and intelligent logistics equipment, and actively promoting to third parties [1]

Group 1 - The stock price of Hechuan Technology closed at 47.46 yuan on August 11, 2025, with an increase of 0.35 yuan, representing a rise of 0.74% [1] - The trading volume on that day was 41,708 hands, with a transaction amount of 198 million yuan [1] - Hechuan Technology focuses on the research, development, manufacturing, and sales of industrial automation products, including servo systems and controllers [1] Group 2 - The company's products are widely used in humanoid robots and intelligent manufacturing [1] - At the 2025 World Robot Conference, Hechuan Technology showcased core components for humanoid robots, including finger joint actuators and dexterous hand assemblies [1] - The linear joint actuator product can support a load of up to 50 kilograms, and the company is currently providing sample testing to customers, with mass production not yet achieved [1] Group 3 - On August 11, 2025, the net outflow of main funds for Hechuan Technology was 2.4198 million yuan, with a cumulative net outflow of 37.676 million yuan over the past five days [1]

Summary of the Conference Call for Xinjie Electric Industry Overview - The industrial control (工控) industry is currently experiencing a bottom recovery phase, with many companies seeing a continuous improvement in orders from April to June, and a recovery in order growth rate to over 20% in July [2][6][7]. Company Overview - Xinjie Electric is a pioneer in the domestic PLC (Programmable Logic Controller) business, leveraging a PLC plus servo sales strategy, achieving the second level in domestic servo products [2]. - The company's core products include PLCs, drive systems, human-machine interfaces, and smart devices, with PLCs and drive systems contributing over 80% of revenue [2][5]. Key Financial Metrics - Small PLCs account for nearly 40% of revenue with a stable gross margin of over 55% [2][5]. - Drive systems contribute 47% of revenue with a gross margin of 24% [2][5]. - The company expects a compound annual growth rate (CAGR) of over 20% in the next three years, with potential for up to 30% growth [2][8]. Market Trends and Opportunities - The small PLC market is expected to see a recovery in demand, with a year-on-year growth of nearly 10% in the first half of 2025, driven by lithium battery expansion, food and beverage exports, and increased electronic product demand [3][11]. - The servo product market, valued at over 20 billion, is crucial in the industrial control sector, with a growth of over 5% in the first half of 2025, and nearly 10% in the second quarter [3][12]. - The company is actively expanding into the humanoid robot industry, with plans to launch robot body products by the end of this year and achieve mass orders next year [2][4][8]. Strategic Initiatives - Xinjie Electric has implemented a direct sales strategy targeting large clients, expanding from traditional industries to emerging sectors such as 3C electronics and semiconductors [3][14]. - The company has initiated an equity incentive plan to enhance R&D capabilities in PLC and robotics, raising approximately 300 million yuan for this purpose [3][15]. Competitive Landscape - The domestic small PLC market has a market share of over 40% for local brands, indicating significant room for replacement [3][11]. - The company is positioned to benefit from the automation cycle recovery, direct sales expansion, and entry into new fields, with a focus on large and medium PLCs and variable frequency drives [2][22]. Risks and Challenges - Potential risks include manufacturing industry downturns, intensified market competition, uncertainties in the implementation of cutting-edge technology, and high share pledge ratios by major shareholders [22]. Conclusion - Xinjie Electric is well-positioned for growth in the industrial control sector, with a strong product lineup and strategic initiatives aimed at capitalizing on emerging market opportunities while navigating potential risks [22].

证券日报网讯新北洋（002376）8月8日在互动平台回答投资者提问时表示，新北洋的关键基础零部件业 务正在按照已有规划积极推进和拓展。运动控制方向，伺服系统、电滚筒等顺利入围国内某头部电商物 流企业和快递物流企业，并在多家集成商实现小批量的销售突破。工控主板方向，最大限度的在自有设 备上使用自研主板，持续扩大在智慧金融机具、智能物流装备上自用规模的同时，积极向其他第三方推 广。 ...

Summary of Weichuang Electric's Conference Call Company Overview - Weichuang Electric has achieved a compound annual growth rate (CAGR) of 26% in revenue and 34% in net profit over the past seven years, significantly outperforming the industry average, primarily driven by the dual engines of frequency converters and servo systems [2][3][5]. Key Business Developments - The company is actively investing in the robotics sector, with a total investment of 1 billion yuan in a health robot project and the establishment of joint ventures with companies like Keda Li to focus on core component technologies such as dexterous hands [2][3][17]. - Weichuang Electric has become a leader in the industrial control sector, with overseas revenue growth of 86% over the past three years, and expects overseas revenue to account for nearly 30% of total revenue in 2024 [2][3][18]. Financial Performance - For 2023-2024, the company's gross margin is projected to recover to 39%, and net profit margin is expected to rise to 15.4%, benefiting from product structure improvements and cost reduction measures [2][7]. - The company anticipates revenue of approximately 1.6 billion yuan and net profit of 250 million yuan for 2024, with a projected revenue growth of 45% year-on-year [3][4]. Market Position and Strategy - In the frequency converter market, Weichuang Electric ranks fourth among domestic brands, focusing on niche markets and expanding into new areas such as marine port machinery and HVAC [2][13]. - The servo system business is identified as a growth segment, with a complete product matrix and increasing market share due to industry consolidation [3][15]. Downstream Applications - The company's downstream applications include robotics, high-end equipment, new energy, and medical metallurgy, with a focus on humanoid robots, industrial robots, and AGV/AMR mobile robots [6][12]. R&D and Innovation - R&D investment has been consistently increasing, with a research expense ratio maintained above 10%, reaching 13.3% in recent years [7][21]. - The company is developing a comprehensive solution for control systems and robotics, including various motion control solutions and AI-powered inspection systems [16]. International Expansion - Weichuang Electric's overseas gross margin is approximately 15 percentage points higher than domestic margins, indicating strong international growth potential [18][19]. - The company is expanding its global footprint, focusing on regions such as the Belt and Road Initiative and increasing efforts in the European and American markets [19]. Future Outlook - The company expects revenue growth rates of 26%, 24%, and 23% over the next three years, with net profit growth rates of 30%, 22%, and 21% respectively, driven by stable growth in core businesses and investments in humanoid robotics [20][21]. - A "buy" rating is recommended based on the company's robust growth prospects and strategic positioning in the humanoid robotics sector [21].

Investment Rating - The report initiates coverage with a "Buy" rating for the company, assigning a target price of 71.25 RMB per share based on a 40x PE valuation for 2025 [5]. Core Views - The company is positioned to benefit from the recovery of the automation cycle, expansion into new fields, and direct sales to major clients, which are seen as three driving forces for growth [3]. - The company holds leading market shares in small PLCs and servo systems, with a market share of 7.6% and 3.7% respectively, indicating a solid foundation for future growth [4]. - The automation market is expected to recover, with a slight positive growth of 2% in Q1 2025 after nine consecutive quarters of decline, driven by equipment updates and digital transformation policies [3][4]. Summary by Sections Basic Situation - The company has over 20 years of experience in the industrial automation field, focusing on PLC and servo systems, which form its core competitive advantage [14]. - The company has established a comprehensive product matrix covering PLCs, drive systems, human-machine interfaces, and smart devices, with PLCs and drive systems contributing over 80% of revenue [15][17]. - The domestic small PLC market was valued at approximately 7.86 billion RMB in 2024, with a recovery in demand expected in 2025 [31]. Growth Drivers - The company is expanding its product lines into medium and large PLCs and frequency converters, with expected sales growth of 40-50% in 2025 [5]. - The company has launched new products in humanoid robotics and is leveraging the Wuxi industrial cluster to accelerate industrialization [5]. - The company has deepened its direct sales strategy, with over 80 major clients established by the end of 2024, contributing to a revenue increase of 25.8% [61]. Profit Forecast and Valuation - The company is projected to achieve net profits of 280 million RMB, 348 million RMB, and 418 million RMB for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 22.5%, 24.4%, and 20.0% [5]. - The report highlights the company's strong market position and growth potential in the automation sector, particularly in the context of the recovery of the automation market and the expansion into new industries [5].