Company Overview - The company is named Guangdong Genesis Intelligent Equipment Group Co., Ltd. and is registered in Dongguan, Guangdong Province with a registered capital of RMB 1,664.862589 million [1] - The company operates in the general equipment manufacturing industry and its business scope includes manufacturing specialized equipment, technical services, and sales of various products including industrial robots and medical devices [1] Financial Reporting Basis - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards issued by the Ministry of Finance [1][2] - The accounting period for the company runs from January 1 to December 31 each year [1] Important Accounting Policies - The company follows the enterprise accounting standards and has established criteria for determining the significance of various financial items, such as recognizing receivables exceeding 0.5% of total assets as significant [1][2] - The company uses historical cost, replacement cost, net realizable value, present value, and fair value as measurement attributes for its financial reporting [1][2] Consolidation and Control - The company determines the scope of its consolidated financial statements based on control, which is defined as having power over the investee and the ability to influence returns [5] - The company applies the equity method for long-term equity investments in entities where it has significant influence but does not control [19][21] Financial Instruments - Financial assets are classified based on the company's business model and cash flow characteristics, including those measured at amortized cost and those measured at fair value [9][11] - The company recognizes expected credit losses for financial assets based on a simplified model, ensuring that loss provisions are made for the entire duration of the financial instruments [13][15] Inventory and Contract Assets - Inventory is measured at the lower of cost and net realizable value, with a perpetual inventory system in place [16] - Contract assets are recognized when the company has transferred goods or services to customers and has the right to receive payment [17] Non-current Assets and Discontinued Operations - Non-current assets held for sale are measured at fair value less costs to sell, and impairment losses are recognized if the carrying amount exceeds this fair value [18] - The company defines discontinued operations as components that represent a separate major line of business or geographical area that has been disposed of or classified as held for sale [18]

Company Overview - Guangdong Create Century Intelligent Equipment Group Co., Ltd. is engaged in the manufacturing of specialized equipment, including CNC machine tools and industrial robots [8][19] - The company was established on April 11, 2003, and listed on May 20, 2010, with a total share capital of 1,664,862,589 shares [8][9] - The controlling shareholder is Mr. Xia Jun, who holds 13.64% of the shares directly, along with his concerted actions, totaling 15.10% [9] Fundraising and Stock Issuance - The company plans to issue A-shares to specific investors, raising up to 550 million yuan, with the issuance price set at 5.45 yuan per share [1][2] - The funds raised will be used to supplement working capital and repay bank loans [1][2] - The issuance will not change the actual control of the company or affect its listing conditions [1][2] Industry Characteristics - The CNC machine tool industry is characterized as capital and technology-intensive, with significant barriers to entry due to the need for advanced technology and substantial investment [16][17] - The industry plays a crucial role in the national economy, supporting sectors such as aerospace, automotive, and electronics [14][19] - The market for CNC machine tools is expanding, driven by the demand for high precision and automation in manufacturing processes [14][19] Market Trends - The CNC machine tool market in China is expected to grow, with a projected increase in the CNC penetration rate from 33% to 64% by 2025 [19][20] - The industry is experiencing a shift towards high-end, high-value products, as China transitions from a manufacturing powerhouse to a manufacturing stronghold [20] - The global economic environment and international trade tensions may impact the demand for machine tools, particularly from major clients in the consumer electronics sector [2][3] Financial Performance - The company's gross profit margin has shown stability, with rates of 26.51%, 21.52%, 23.08%, and 23.03% over recent periods [4] - The company reported accounts receivable of 1,578.21 million yuan, with a significant increase in bad debt provisions due to client defaults [3][4] - Inventory levels have been a concern, with values of 1,637.13 million yuan and 1,295.15 million yuan reported, indicating potential cash flow issues [4][5]

| | | | 一、关于销售模式………………………………………………… 第 1—13 页 | | --- | | 二、关于收入确认…………………………………………………第 13—20 页 | | 三、关于产销存匹配关系…………………………………………第 20—27 页 | | 四、关于保证金匹配性……………………………………………第 27—31 页 | | 五、其他问题………………………………………………………第 31—42 页 | 问询函专项说明 天健函〔2025〕515 号 上海证券交易所： 由浙江海德曼智能装备股份有限公司（以下简称浙海德曼公司或公司）转来 的《关于浙江海德曼智能装备股份有限公司 2024 年年度报告的信息披露监管问 询函》（上证科创公函〔2025〕0143 号，以下简称问询函）奉悉。我们已对问 询函中需要我们说明的财务事项进行了审慎核查，现汇报说明如下。 一、关于销售模式 年报显示，公司报告期实现营业收入 7.65 亿元，同比上升 15.31%，净利润 经销毛利率高于直销。公司销售模式与 2020 年上市时"直销为主、经销为辅" 相比发生较大变化。 请公司：（1）说明报告期前五大经销客 ...

证券代码：688577 证券简称：浙海德曼 公告编号：2025-016 浙江海德曼智能装备股份有限公司 年报显示，公司报告期实现营业收入 7.65 亿元，同比上升 15.31%，净利润 经销毛利率高于直销。公司销售模式与 2020 年上市时"直销为主、经销为辅" 相比发生较大变化。 请公司：（1）说明报告期前五大经销客户销售情况，包括经销商名称、合 作年限、关联关系、终端客户及所处行业、销售内容、销售金额及变动原因、 验收单出具方、回款情况等，并结合发货模式、验收单出具方，说明是否存在 产品未实际运行、经销商压货或期后退货情形，终端客户未直接向公司采购的 原因；（2）说明报告期对上述经销商客户的收入确认时点及依据，并说明收入 确认依据是否充分，是否符合行业惯例及企业会计准则规定；（3）结合销售内 容、定价方式等方面差异，说明报告期经销模式销售毛利率高于直销的原因及 合理性；（4）说明报告期前五大直销客户销售情况，包括客户名称、客户所处 行业、合作年限、销售内容、销售金额及变动原因、关联关系、期末应收账款 余额等，并说明是否存在超信用期未回款情形及原因； （5）结合客户采购需求、 设备使用和更新年限等，说明上市 ...

据智通财经27日报道，国务院国资委主任张玉卓到中国通用技术（集团）控股有限责任公司调研。 其强调，要切实做强做优机床产业，抓住机床更换升级的上升周期，运用人工智能技术加速智改数转， 加快突破核心技术，优化产品结构，抢占未来发展制高点。 同日，工业和信息化部、国家发展改革委、国家数据局印发《电子信息制造业数字化转型实施方案》， 其中提到加快工业互联网在电子信息制造业中的规模化应用。 东北证券表示，我国机床产品种类丰富，加工中心、成型机床、数控车床等占比较大，2024年我国金属 切削机床数控化率43.71%，五轴机床市场规模稳健增长。根据观研天下，日、美、德数控化率均超 70%，其中日本机床数控化率维持在80%以上，长期来看，我国机床数控化率仍有较大的提升空间。 此外，按照10年的替换周期来看，近几年为老旧机床更新替换的时期，同时目前政策上鼓励大规模设备 更新，鼓励高端工业母机国产化替代，叠加新能源汽车、航空航天等下游行业带来新机遇，国产机床技 术更新迭代加快，近几年国内机床存量市场更新迭代仍有空间。 根据中商产业及沙利文数据显示，预计到2025年，我国工业互联网平台及解决方案市场规模将达到 1931.2亿元。其 ...

工业母机又称机床，是用于制造机器的机器，被誉为现代工业的基石。4月14日，在位于宝鸡市的 陕西秦川格兰德机床有限公司，一款新型数控高速外圆磨床在进行最后的测试，10天后将出口欧洲。 "这台'大家伙'价值400余万元，磨削长度达4米，磨削出的产品可应用于工程机械、轨道交通等领 域，技术水平国内领先。"陕西秦川格兰德机床有限公司研究所所长王君昌说，欧洲客户专程派人验收 机器并学习操作要领。 陕西省宝鸡市、汉中市与甘肃省天水市是"一五"时期、"三线"建设时期工业母机产业重点布局城 市，地缘接近，机床产业相关性强，在我国工业母机版图中构成了一个"铁三角"。 经过近70年的发展，宝汉天工业母机集群集聚了产业链企业600余家，其中规上企业272家。2023 年，集群主导产业实现产值超315亿元。2024年12月，该集群成功入选国家先进制造业集群名单。 跻身"国家队"后，跨省协同如何破题？如何在核心技术上进一步攻关？产业集群如何向高端突破？ 记者带着这些问题进行了实地走访。 "冷板凳"坐出"热效应" 从"跟跑"到"领跑" 3月19日，在位于天水市的甘肃星火智能数控机床有限公司（以下简称"星火机床"）生产车间，技 术人员抓紧 ...

Core Viewpoint - The company is experiencing strong demand growth in emerging economic sectors such as consumer electronics, new energy, and humanoid robots, leading to a saturated order book and good capacity utilization [1] Financial Performance - In 2024, the company achieved operating revenue of 4.605 billion yuan, a year-on-year increase of 30.49% - The net profit attributable to shareholders reached 237 million yuan, up 22.00% - The net profit after deducting non-recurring gains and losses was 202 million yuan, showing a significant increase of 212.32% [1] Business Overview - The company's main business involves the research, production, and sales of CNC machine tools, which are essential for modern industrial development and widely used in various sectors including consumer electronics, 5G communication, semiconductors, and new energy vehicles [1] - The CNC machine tool industry in China is recovering due to accelerated manufacturing transformation, replacement demand, and import substitution [1] Emerging Market Focus - The company is closely monitoring trends in the humanoid robot sector and has established partnerships with clients and component manufacturers in this field [2] - The current contribution of the humanoid robot business to overall sales is relatively small, but it is in the expansion phase [2] Product Development and Innovation - To meet the precision processing needs of humanoid robot components, the company has customized and upgraded existing machining centers and launched several tailored products, resulting in rapid revenue growth from these products [2] Quarterly Performance - In Q1, the company reported operating revenue of 1.048 billion yuan, a year-on-year increase of 22.37% - Net profit for the quarter was approximately 98.26 million yuan, up 66.51% [3] - The growth was attributed to the recovery in the consumer electronics sector and increased orders for high-end products [3] Cash Flow and Accounts Receivable - The company reported a net cash flow from operating activities of 256.07 million yuan, a significant increase of 233.18% year-on-year [3] - The company aims to enhance accounts receivable management in 2025 to improve cash collection efficiency [3] Strategic Development - The company is focusing on a dual growth model of "internal growth and external development" and has established a dedicated investment department for industry chain investments [4] - Investments have been made in several companies within high-end CNC machine tools, intelligent control systems, and precision stamping molds, which possess significant advantages in advanced technologies [4]

证券代码： 000410 证券简称：沈阳机床 沈阳机床股份有限公司投资者关系活动记录表 编号：2025-002 | | 特定对象调研 分析师会议 □ □ | | --- | --- | | 投资者关系活动 | 业绩说明会 □ 媒体采访 ☑ | | 类别 | □ 新闻发布会 □ 路演活动 | | | □ 现场参观 | | | □ 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 年 月 日 (周五) 下午 2025 5 9 15:00~16:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事、总经理徐永明 | | | 2、总会计师秦琴 | | | 3、董事会秘书张天右 | | 员姓名 | 4、独立董事哈刚 | | | 5、独立董事王英明 | | | 6、独立董事袁知柱 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： 1、请问之前网上说贵司与华为就机器人研究所有过交流， ...

在国家对机床行业政策扶持与市场需求双驱动下，秦川集团在进行自身业务结构优化的同时，聚焦行业 关键核心"卡脖子"技术问题，积极承担机床产业"链主"责任，有序构筑工业母机原创技术策源能力，全 面推进"两链融合"，加快成果转化，推进产业转型升级。 秦川集团研发结构加速转型，磨齿机产品原创技术取得重大突破，齿形形状误差ffa≤0.0012mm，高精高 效齿轮加工机床磨削精度达到国标3级，数控丝杠磨床磨削滚珠丝杠精度能稳定达到P1级；VMT630F5 高速立式铣车复合加工中心重复定位精度误差小于4微米，综合性能指标国内领先。行星滚珠丝杠副突 破多线螺纹加工、内齿圈加工和快速装配等设计制造技术。 4月21日至26日，秦川集团以"数智秦川.装备领航"为主题，携YKZ7230数控蜗杆砂轮磨齿机、YK7326 数控成形砂轮磨齿机、YK4626数控强力珩齿机、BL80-ATC数控车床、CH7265Y车铣复合中心、 HMCP80卧式加工中心、SK7620C数控内螺纹磨床、MKS1332CBN×7.5数控高速外圆磨床等具有"高 精、高效、数字、智能、绿色"的机床精彩亮相第十九届中国国际机床展览会(CIMT2025)，全方位展示 秦川 ...

证券研究报告 | 年报点评报告 gszqdatemark 2025 04 28 年 月 日 浙海德曼（688577.SH） 国内车床龙头，期待机器人业务放量 公司发布 2024 年年度报告和 2025 年第一季度报告。2024 年公司实现 营业收入 7.65 亿元，同比增长 15.31%；归母净利润 0.26 亿元，同比减 少 12.27%；扣非归母净利润 0.18 亿元，同比减少 10.19%。2025Q1 公 司实现营业收入 1.42 亿元，同比下降 13.96%；实现归母净利润 212 万 元，同比下降 24.58%；实现扣非归母净利润 81 万元，同比下降 61.23%。 业绩下滑主要系公司部分验收周期较长的自动化项目交付较多，收入确认 相应延迟所致。 新产能投放和新市场开拓致使折旧和费用增长，公司产品结构持续优化。 公司推进三大生产基地建设，固定资产投入增加带来折旧摊销增长。同时， 公司加大省外市场开拓力度，给予经销商费用支持。尽管短期盈利承压， 但公司产品结构持续优化，高端型数控车床销售占比已近 90%，以大型数 控车床、并行复合加工中心为代表的新产品销售额同比增长 149.45%，收 入占比提升 ...