倒计时13天 2025第五届起点两轮车换电大会 理奇智能 IPO获受理 拟募资10.08亿元 6月26日， 深交所创业板发布消息显示， 无锡理奇智能装备股份有限公司（以下简称：理奇智能）创业板IPO正式获受理，保荐机构为 国泰 海通证券股份有限公司。 | 公司全称 | 无锡理奇智能装备股份有限公司 | 公司简称 | 理奇智能 | | --- | --- | --- | --- | | 受理日期 | 2025-06-26 | 更新日期 | 2025-06-26 | | 审核状态 | 日受庫 | 预计融资金额(亿元) | 10.0816 | | 保荐机构 | 国泰海通证券股份有限公司 | 保存代表人 | 方亮,严智杰 | | 会计师事务所 | 天健会计师事务所(特殊普通合伙) | 签字会计师 | 何林飞,李宗孽 | | 律师事务所 | 北京市天元律师事务所 | 签字律师 | 翟晓津,曾祥娜,李凌佳 | | 评估机构 | 北京中企华资产评估有限责任公司 | 签字评估师 | 李军,张明 | 及轻型动力电池技术高峰论坛 活动主题： 换电之城 智慧两轮 主办单位： 起点锂电、起点钠电、起点两轮车及换电 活动时间： 202 ...

本报讯 （记者李亚男）6月26日，无锡理奇智能装备股份有限公司（简称"理奇智能"）创业板IPO获受 理。公司拟发行不超过9171.50万股，拟募集资金10亿元，用于"物料自动化处理设备智能制造生产基地 项目""研发中心"及"补充运营资金"等三个项目。 理奇智能专注于物料自动化处理领域，核心产品为物料智能处理系统及单机设备，近年来，公司业绩持 续增长。2022年至2024年，公司营业收入分别为6.19亿元、17.21亿元、21.73亿元，复合增长率达 87.45%；归属于母公司所有者的净利润分别为1.07亿元、2.39亿元、2.70亿元。 依托多年的行业技术积累以及强大的研发创新能力，理奇智能持续进行技术更新迭代，通过引入新工 艺、开发智能化生产技术、提高能源利用效率等措施，不断提升锂电物料智能处理系统的智能化水平、 运行稳定性和能耗节省度。 理奇智能在招股说明书中表示，依托锂电领域技术纵向深耕、非锂电领域产品横向延展的发展策略，以 及"国内绑定龙头+海外先发布局"的双轮驱动策略，理奇智能已构建不可复制的客户资源与技术壁垒， 并驱动业绩可持续发展。未来依托资本市场平台优势，有望进一步推动新技术更新落地和产品纵深 ...

6月26日，深交所创业板受理无锡理奇智能装备股份有限公司（以下简称"理奇智能"）IPO申报，国泰海 通证券为其保荐机构。 | | | ■ 无锡理奇智能装备股份有限公司 | | | --- | --- | --- | --- | | 已受理 2025-06-26 | 已向施 | 上市委会议 | 提交注册 注册结果 | | 6 | | | | | 项目基本信息 | | | | | 公司全称 | 无锡珊奇智能类备股份有限公司 | 公司简称 | 理奇智能 | | 受理日期 | 2025-06-26 | 更新日期 | 2025-06-26 | | 审核状态 | 已受理 | 预计融资金额(亿元) | 10.0816 | | 保存机构 | 国泰海通证券股份有限公司 | 保存代表人 | 方亮,严格杰 | | 会计师事务所 | 天健会计师群务所(特殊雷通合伙) | 签字会计师 | 何林飞,李宗章 | | 律师事务所 | 北京市天元律师事务所 | 签字律师 | 程乾燥,曾祥娜,李漫佳 | | 评估机构 | 北京中企华资产评估有限责任公司 | 签字评估师 | 李军,张明 | 来源：深交所网站 报告期内，理奇智能主营业务毛利率分别为 ...

豪森智能(688529)6月18日披露投资者关系活动记录表显示，公司于当日接待了巡航投资、江海创投的 调研。豪森智能向机构投资者从公司概况、行业与市场、战略与业务多方面介绍了公司人形机器人业务 的发展现状与发展规划，随后参观公司人形机器人智能制造创新中心，实地考察多个在执行人形机器人 合作研发工位，深入了解公司最新的研发技术成果与应用落地情况。 谈及公司开展机器人业务的优势时，豪森智能称，公司在汽车核心零部件生产装配领域有20余年的开发 实施经验，积累了大量工艺生产数据和工艺应用场景，可为人形机器人提供充分的数据及业务的预训 练，推动算法迭代、场景泛化，帮助其在工业场景迅速落地。公司建有汽车核心零部件工艺验证实验室 和数字化交互实验室，具有完善的人形机器人应用开发基础平台，可满足人形机器人汽车零部件制造过 程中检测、装配、上料等全场景的应用开发和虚拟训练开发。公司产业链资源丰富，具有一定的非标集 成能力，具有丰富的产业链上中下游资源，可以支持人形机器人应用系统和设备快速开发和迭代，并应 用于大批量生产中。 "我们做的是具身智能机器人，不局限于双足机器人，或者是必须有类人的手臂、头部。"豪森智能表 示，"人形机 ...

Core Viewpoint - Zhejiang Mining Co., Ltd. has experienced significant fluctuations in its market performance since its listing on June 5, 2020, with a notable decline in profitability in recent years [1][2] Business Overview - The company specializes in the research, design, production, and sales of complete sets of crushing and screening equipment, with its core products including complete production lines and individual machines [1] - The revenue structure shows that complete crushing and screening production lines account for the highest proportion at 60.42%, followed by individual crushing and screening machines at 16.75% [1] Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of 1.21 billion yuan, which decreased to 0.80 billion yuan by the latest complete fiscal year in 2024, marking a cumulative profit decline of 34.07% [1][2] - Over the past five years, the company has not reported any annual losses, with net profit growth occurring in three out of five years, representing 60.0% of the period [1] - Revenue increased from 463 million yuan in 2020 to 653 million yuan in 2024, indicating overall growth despite significant fluctuations during this period [1] Market Capitalization - The company's market capitalization peaked at 8.46 billion yuan on August 5, 2020, with the stock price reaching 84.6 yuan, but has since dropped to 2.19 billion yuan as of June 4, 2024, reflecting a market value decrease of 62.70 billion yuan and a total evaporation of 74.11% [2]

Core Viewpoint - The company reported its 2024 annual results and Q1 2025 results, showing a mixed performance with revenue growth but a significant decline in net profit due to various challenges [1]. Financial Performance - In 2024, the company achieved revenue of 3.57 billion, a year-on-year increase of 13%; however, the net profit attributable to shareholders was 16 million, a decrease of 78% year-on-year; operating cash flow was 260 million, up 21% year-on-year [1]. - For Q1 2025, the company reported revenue of 890 million, a 7% increase year-on-year; net profit attributable to shareholders was 41 million, a 6% increase year-on-year; operating cash flow was 77 million, a significant increase of 138% year-on-year [1]. Business Segments - The company’s main business lines showed positive revenue growth, with total new orders amounting to approximately 4.5 billion, a year-on-year increase of about 14% [2]. - Smart packaging production lines generated revenue of 1.56 billion (up 9% year-on-year) with a gross margin of 25.5% (down 7.2 percentage points); beverage industry orders increased by about 37% due to higher capital expenditure and market share growth [2]. - Standard single machine equipment revenue reached 1.3 billion (up 21% year-on-year) with a gross margin of 25.4% (down 2.5 percentage points); new orders for standard single machine equipment grew by about 13% [2]. - Packaging materials generated revenue of 370 million (up 31% year-on-year) with a gross margin of 10.3% (up 0.9 percentage points); new orders for packaging materials increased by about 22% [2]. Future Outlook - The company is advancing its humanoid robot product development and has launched an equity incentive plan, indicating a potential turning point for its main business in 2025 [3]. - The company plans to issue 5.08 million restricted stock incentives, with conditions for lifting restrictions based on revenue and net profit targets for 2025-2027 [3]. - The company anticipates that the completion of liquid intelligent packaging production lines in 2024 will add 24 new production lines, potentially generating a net profit of 102 million [3]. Profit Forecast and Valuation - Revenue projections for 2025-2027 are estimated at 4 billion, 4.5 billion, and 5.1 billion, with year-on-year growth rates of 12%, 13%, and 13%; net profit attributable to shareholders is forecasted at 137 million, 204 million, and 299 million, with growth rates of 780%, 49%, and 47% respectively [4]. - The corresponding price-to-earnings ratios are projected to be 33, 22, and 15 times, with a compound annual growth rate of 168% for net profit from 2024 to 2027 [4].

Investment Rating - The investment rating for the company is "Buy" [3] Core Views - The company has shown a revenue growth of 13% year-on-year in 2024, reaching 3.57 billion yuan, but the net profit attributable to shareholders decreased by 78% to 0.16 billion yuan due to various factors including increased costs and changes in product structure [1] - The company is expected to see a turning point in its main business in 2025, driven by product upgrades, category expansion, and domestic substitution [2][3] Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 3.57 billion yuan, a 13% increase year-on-year, with a net profit of 0.16 billion yuan, down 78% [1] - For Q1 2025, the company reported a revenue of 0.89 billion yuan, a 7% increase year-on-year, and a net profit of 0.41 billion yuan, up 6% [1] - The operating cash flow for 2024 was 0.26 billion yuan, a 21% increase year-on-year, while Q1 2025 saw a significant increase of 138% to 0.77 billion yuan [1] Business Segments - The smart packaging production line generated 1.56 billion yuan in revenue, a 9% increase, with a gross margin of 25.5% [1] - Standard single machine equipment revenue reached 1.3 billion yuan, up 21%, with a gross margin of 25.4% [1] - Packaging materials revenue grew by 31% to 0.37 billion yuan, with a gross margin of 10.3% [2] Future Outlook - The establishment of a subsidiary focused on humanoid robots indicates a strategic entry into a new growth area [2] - The company plans to implement a stock incentive plan, with performance targets set for revenue and net profit from 2025 to 2027 [2] - Revenue projections for 2025-2027 are 4.0 billion, 4.5 billion, and 5.1 billion yuan, respectively, with net profits expected to grow significantly [3]

Core Insights - The company reported a significant decline in net profit despite an increase in revenue, indicating underlying challenges in profitability [1][2][6] Financial Performance - Revenue for 2024 reached approximately 3.57 billion yuan, a 13.37% increase from 2023's 3.15 billion yuan, driven by higher sales of standard equipment and smart packaging production lines [2] - Net profit attributable to shareholders was approximately 15.58 million yuan, a drastic decline of 78.08% year-over-year, primarily due to decreased gross margins and increased asset impairment losses [2] - The company's non-recurring net profit fell by 98.55% to about 1.73 million yuan, highlighting significant challenges in core business profitability [2] - Basic earnings per share decreased by 78.93% to 0.0316 yuan, reflecting a substantial reduction in shareholder returns [2] Expense Analysis - Sales expenses increased by 9.0% to approximately 288.13 million yuan, attributed to higher personnel costs due to increased revenue and orders [3] - Management expenses rose by 16.83% to about 211.25 million yuan, driven by increased depreciation and salaries [3] - Financial expenses surged by 51.89% to approximately 48.16 million yuan, mainly due to decreased interest income from bank deposits [3] - R&D expenses grew by 5.85% to about 253.90 million yuan, reflecting the company's commitment to innovation [3] Cash Flow Overview - Net cash flow from operating activities increased by 21.41% to approximately 261.08 million yuan, benefiting from improved sales collections [4] - Net cash flow from investing activities was negative at approximately -323.21 million yuan, primarily due to cash outflows for fixed and intangible asset acquisitions [4] - Net cash flow from financing activities was also negative at approximately -21.94 million yuan, reflecting a decrease in bank borrowings [4] R&D Investment - Total R&D investment for 2024 was approximately 253.90 million yuan, accounting for 7.12% of revenue, indicating a strong focus on technological innovation [4] - The R&D team consisted of 723 personnel, with about 64.2% holding bachelor's degrees or higher, and a majority aged between 30 and 40 [4] Potential Risks - The company faces risks from macroeconomic fluctuations that could impact demand in the food and beverage sector [5] - Intense market competition may lead to price reductions and further compression of sales margins [5] - Fluctuations in raw material prices could adversely affect product costs and profitability [5] - High inventory levels pose a risk of losses and increased working capital requirements [5] - Management risks associated with recent acquisitions could hinder overall development [5]

Core Viewpoint - The company, Yongchuang Intelligent Equipment Co., Ltd., reported its 2024 annual results, highlighting a revenue increase but a significant decline in net profit, alongside plans for profit distribution and future growth strategies in the packaging equipment industry. Company Overview - Yongchuang Intelligent specializes in the research, design, production, and technical services of packaging equipment and materials, positioning itself as a leading player in the domestic packaging equipment sector [3][4]. - The company offers over 40 types of packaging equipment and more than 400 specifications, creating a comprehensive product system [3]. Financial Performance - In 2024, the company achieved a revenue of approximately 3.57 billion yuan, representing a year-on-year growth of 13.37% [6]. - The net profit attributable to shareholders was approximately 15.58 million yuan, a significant decrease of 78.08% compared to the previous year [6]. - The net profit after excluding non-recurring gains and losses was about 1.73 million yuan, down 98.55% year-on-year [6]. Profit Distribution Plan - The board approved a profit distribution plan for 2024, proposing a cash dividend of 0.15 yuan per share (including tax), with an estimated total cash dividend of approximately 7.2 million yuan, which accounts for 46.22% of the net profit attributable to shareholders [2]. Industry Outlook - The global packaging equipment market is projected to reach 77.7 billion USD by 2032, with a compound annual growth rate (CAGR) of 3.8% from 2024 to 2032 [2]. - The Chinese packaging machinery industry is expected to grow at an average annual rate of around 8% during the 14th Five-Year Plan period, with an average profit growth rate of 7% and an export target of 12 billion USD [2]. Important Resolutions - The board approved several key resolutions, including the annual report, profit distribution plan, and the proposal to apply for a comprehensive credit limit of up to 4.3 billion yuan for 2025 [24][15]. - The company plans to issue shares to specific investors, with a total financing amount not exceeding 300 million yuan, subject to shareholder approval [54][55].

南昌矿机集团股份有限公司 Nanchang Mineral Systems Co., Ltd. （江西省南昌市湾里区红湾大道 300 号） 首次公开发行股票并在主板上市 招股说明书 （申报稿） 保荐人（主承销商） （深圳市罗湖区红岭中路1012号国信证券大厦16－26层） 南昌矿机集团股份有限公司 招股说明书（申报稿） 发行人声明 中国证监会、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。 发行人控股股东、实际控制人承诺本招股说明书不存在虚假记载、误导性陈 述或重大遗漏，并承担相应的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股说明书中财 务会计资料真实、完整。 发行人及全体董事、监事、高级管理人员、 ...