Core Viewpoint - The company has proposed a 2025 Restricted Stock Incentive Plan to enhance its governance structure, attract and retain key personnel, and align the interests of shareholders and employees [8][29]. Summary by Sections 1. Review of the 2025 Restricted Stock Incentive Plan - The company meets the qualifications to implement the stock incentive plan, with no prohibitive circumstances as outlined in relevant regulations [2][33]. - The plan's formulation and review process comply with applicable laws and regulations, and the granting arrangements do not infringe on the interests of the company or its shareholders [2][3]. - There are no plans to provide loans or financial assistance to the incentive recipients [2][3]. 2. Implementation and Assessment Management - The assessment management method aims to ensure the smooth execution of the incentive plan, aligning with legal and regulatory requirements [3][9]. - The assessment indicators are designed to be comprehensive and practical, promoting a sound governance structure and value distribution system [3][9]. 3. Initial Grant Recipient List - The initial recipients of the restricted stock are all formal employees of the company, excluding independent directors and significant shareholders [4][5]. - The recipients meet the qualifications set forth in relevant laws and regulations [5][41]. 4. Plan Details - The total number of restricted stocks to be granted is 932,400 shares, accounting for approximately 1.50% of the company's total share capital [30][45]. - The grant price for the restricted stock is set at 38.95 yuan per share [54][31]. - The plan includes a vesting schedule where 40% of the shares will be released after 12 months, followed by 30% after 24 months, and the remaining 30% after 36 months [49][51]. 5. Performance Assessment Criteria - The performance assessment will be conducted annually from 2025 to 2027, with specific targets for revenue and net profit [16][18]. - Individual performance assessments will categorize recipients into four levels: excellent, good, qualified, and unqualified, affecting their ability to unlock shares [17][18]. 6. Compliance and Governance - The plan is subject to approval by the shareholders' meeting and must comply with all relevant laws and regulations [29][35]. - The board of directors and the remuneration and assessment committee will oversee the implementation and compliance of the incentive plan [37][38].

Core Viewpoint - Xiaxia Precision has reported a revenue of 666 million yuan for 2024, marking a 26.09% increase year-on-year, while focusing on the long-term potential of the humanoid robot industry as a core growth direction [1][2]. Financial Performance - The company achieved a net profit attributable to shareholders of 62.08 million yuan, a decrease of 13.47% compared to the previous year, and a deductive net profit of 55.04 million yuan, down 8.52% year-on-year [2]. - Research and development expenses reached 41.53 million yuan, an increase of 26.40% year-on-year, accounting for over 6% of total revenue [2]. Product and Market Strategy - The sales of automotive gears now account for over 50% of the company's revenue, indicating a strong focus on this segment [1]. - The company is enhancing its product structure and optimizing its supply chain to mitigate the impact of declining profit margins in the automotive gear sector [2]. Technological Development - The company is investing in the development of precision small gears and reducers for humanoid robots, leveraging existing technologies from the automotive sector [3]. - The company plans to acquire land for a project aimed at developing core components for intelligent transmission systems, with a total investment of up to 1 billion yuan [3]. Future Outlook - The company aims to deepen its focus on core business areas and enhance competitiveness in response to the growing demand for gears and reducers in the robotics industry [4]. - With the commercialization of humanoid robots by companies like Tesla, the demand for precision gears and core components is expected to experience explosive growth [3].

浙江夏厦精密制造股份有限公司 ZHEJIANGXIASHAPRECISIONMANUFACTURINGCO.,LTD. （浙江省宁波市镇海区骆驼工业小区荣吉路） 首次公开发行股票并在主板上市 招股说明书 （申报稿） 本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招股说明书不具有据以发行 股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明书作为投资决定的 保荐机构（主承销商） 80% 依据。 （浙江省杭州市西湖区天目山路 198 号财通双冠大厦西楼） 浙江夏厦精密制造股份有限公司 招股说明书（申报稿） 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。 招股说明书(申报稿) 目录 | 声明. | | --- | | 本次发行概况 … | | 日录 | | 第一节 释义 . | | 一、基本术语 | | 二、专业术语… | | 第二节 概览 | | 一、重大事项提示………………………………………… ...

浙江夏厦精密制造股份有限公司 ZHEJIANGXIASHAPRECISIONMANUFACTURINGCO.,LTD. （浙江省宁波市镇海区骆驼工业小区荣吉路） 首次公开发行股票并在主板上市 招股说明书 （申报稿） 本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招股说明书不具有据以发行 股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明书作为投资决定的 保荐机构（主承销商） 80% 依据。 （浙江省杭州市西湖区天目山路 198 号财通双冠大厦西楼） 浙江夏厦精密制造股份有限公司 招股说明书（申报稿） 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。 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | 发行股数，股东公开发 | 本次拟向社会公众公开发行股票数量不超过 1,550 万股，不低于 | | 售股数 份 | 发行后公司总股本的 25%。本次发 ...

浙江夏厦精密制造股份有限公司 ZHEJIANGXIASHAPRECISIONMANUFACTURINGCO.,LTD. （浙江省宁波市镇海区骆驼工业小区荣吉路） 首次公开发行股票并在主板上市 招股说明书 （申报稿） 保荐机构（主承销商） （浙江省杭州市西湖区天目山路 198 号财通双冠大厦西楼） 浙江夏厦精密制造股份有限公司 招股说明书（申报稿） 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。 1-1-1 浙江夏厦精密制造股份有限公司 招股说明书（申报稿） 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | 发行股数，股东公开发售 | 本次拟向社会公众公开发行股 ...