Core Viewpoint - The article emphasizes the investment value of significant events, analysis of industry chain companies, and key points of major policies, providing timely information for market impact reference [1]. Group 1 - The company is involved in humanoid robots and the infant and child sector, indicating a strategic focus on innovative technology and consumer products [1]. - The company has invested in a unicorn enterprise specializing in humanoid robots in Shanghai, showcasing its commitment to cutting-edge technology [1]. - In the infant and child sector, the company is developing its first smart product, indicating a move towards integrating technology into everyday consumer goods [1]. Group 2 - The company has successfully penetrated the new energy vehicle supply chain, highlighting its adaptability and growth potential in emerging markets [1]. - The company's factory in Vietnam has commenced production, while a project in Thailand is under construction, reflecting its expansion strategy in Southeast Asia [1].

此外，国浩律师（上海）事务所出具了关于差异化分红事项的专项法律意见书，确认公司回购专用账户 中的股份不享有利润分配权利。截至2025年5月19日，公司回购专用账户持有950,000股。 朗博科技还发布了关于部分募集资金投资项目变更后重新签订募集资金专户存储三方监管协议的公告。 公司首次公开发行股票募集资金净额为143,770,050.91元，变更后的募集资金将用于"新能源汽车配套橡 胶功能件项目"和"智能仓储建设项目"，并已在中国银行股份有限公司金坛华城中路支行和招商银行股 份有限公司常州金坛支行开设募集资金专户，存储金额分别为6,860.00万元和1,360.00万元，合计 8,220.00万元。新项目均已取得江苏省投资项目备案证。公司与保荐机构及开户银行分别签署了《募集 资金专户存储三方监管协议》。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 公司公告汇总：朗博科技实施2024年年度权益分派，每股现金红利0.10元（含税） 公司公告汇总：朗博科技变更部分募集资金投资项目，新设"新能源汽车配套橡胶功能件项 目"和"智能仓储建设 ...

Core Viewpoint - The announcement details Wuhan Huazhong Numerical Control Co., Ltd.'s plan to issue A-shares to specific investors, highlighting the potential dilution of immediate returns and the measures to compensate for this dilution [1][4]. Financial Impact Analysis - The company plans to issue 41,726,349 shares, which will increase the total share capital from 198,696,906 to 240,423,255 shares post-issuance [2]. - The projected net profit for 2025 under three scenarios shows a decrease of 10%, remaining stable, and an increase of 10%, with corresponding impacts on earnings per share (EPS) [3][4]. - In the scenario where net profit decreases by 10%, the diluted EPS is projected to be -0.3065, while in the scenario of a 10% increase, it is projected to be -0.2073 [3]. Measures to Compensate for Dilution - The company intends to enhance its capital strength and risk resistance through effective use of raised funds, focusing on improving operational management and internal controls [5][6]. - Specific strategies include strengthening management innovation, improving governance structures, and ensuring effective use of raised funds to protect investor interests [6][7]. Commitments from Management - The board of directors and senior management have committed to fulfilling the measures to compensate for the dilution of immediate returns, with accountability for any losses incurred by investors due to non-compliance [8][9]. - The commitments include adherence to regulatory requirements and ensuring that the compensation measures are linked to the performance of the company [8][9]. Approval and Disclosure - The board has approved the analysis of the dilution impact and the compensation measures in previous meetings, with ongoing disclosures planned in regular reports [9].

● 本报记者 刘丽靓 五月的川西高原，生机盎然，国家能源集团大渡河双江口水电站现场涌动着澎湃的建设热潮。在大坝填 筑区，平均载重40吨的自卸卡车精准卸载填筑料，压路机以"梅花式"阵型来回碾压…… 这是近期多地重大工程项目建设加快推进的一个缩影。业内人士表示，随着项目建设加快推进、资金支 持力度加大，二季度基建投资有望继续在稳住经济大盘、在推动经济实现质的有效提升和量的合理增长 方面发挥积极作用。 央企重大项目刷新"进度条" "我们按照三班倒配置施工力量，保持24小时不间断流水作业，坝体填筑以日均5万方的速度向度汛目标 高程推进。"5月5日，大渡河双江口水电站工程建设处专责温庆文向记者介绍，目前，该电站已完成一 期蓄水，正全力冲刺年底首批机组投产发电。 作为能源保供的"压舱石"，国家能源集团一季度完成投资359.5亿元，其中风电投资同比提高5.3个百分 点。国家能源集团新闻发言人黄清日前表示，二季度将坚持存量增效、增量做优，优化投资布局、优化 资源配置，扎实抓好投资发展重点工作。 东海之滨，国家"十四五"重点实施项目——三峡集团浙江天台抽水蓄能电站1号机组近日顺利完成转子 吊装，标志着我国单机容量最大抽水蓄能机 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company's performance is under short-term pressure due to increased expense ratios and higher impairment losses, leading to a net profit loss in 2024 [2] - The company continues to invest heavily in R&D, which supports the localization of CNC systems [6] - The revenue from the CNC systems and machine tools segment increased by 9.82% year-on-year, while the robotics and intelligent production line segment saw a significant decline of 36.39% [2] Financial Performance Summary - In 2024, the company achieved total revenue of 1.782 billion yuan, a year-on-year decrease of 15.71% [2] - The net profit attributable to the parent company was -55.37 million yuan, marking a significant decline compared to the previous year [2] - The gross profit margin for 2024 was 33.48%, an increase of 0.56 percentage points year-on-year [4] - The company reported a net cash flow from operating activities of 365 million yuan in 2024, an increase of 72.54% year-on-year [5] R&D and Innovation - The company increased its R&D expenditure to 323 million yuan in 2024, a year-on-year increase of 5.03% [6] - The company has developed the "Huazhong 10" intelligent CNC system, which integrates CNC machine tool mathematical models with AI data models to enhance processing precision and reduce processing cycles [6] Market Position and Valuation - The current market capitalization of the company is approximately 5.305 billion yuan, with a price-to-earnings ratio of 199.94 for 2023 and projected to decrease to 22.85 by 2027 [9][12] - The company is considered a rare asset in the high-end CNC system sector, justifying the "Accumulate" rating despite the short-term challenges [11]