Group 1: Financial Performance - In the first half of 2025, the company's operating revenue was 1.489 billion yuan, a year-on-year decrease of 18.86% [2] - The net profit for the same period was 257 million yuan, down 42.90% year-on-year [2] - Basic earnings per share were 0.4813 yuan, reflecting a 42.90% decline compared to the previous year [2] - The weighted average return on net assets was 5.99%, a decrease of 5.63% year-on-year [2] Group 2: Product Overview Refrigeration Products - The company offers a diverse range of refrigeration products, including commercial central air conditioning compressors, refrigeration compressors, and heat pump compressors [3] - The performance of screw and magnetic levitation centrifugal compressors used in data centers has shown growth in the first half of the year [3] - Taiwan Dongyuan is a key partner and customer for the company's refrigeration compressors [3] Air Compression Products - The air compressors serve as core equipment in various industries, including engineering machinery, pharmaceuticals, chemicals, electronics, and more [4] - The company is expanding into oil-free air compressor markets, which have significant potential in industries requiring high air quality [4] Vacuum Products - The vacuum products are primarily used in the photovoltaic and semiconductor industries, with plans to expand into lithium batteries, pharmaceuticals, and other sectors [5] - The company has begun small-scale supply to domestic chip manufacturers, indicating a growing market presence [5] - Although current contributions from vacuum products in the semiconductor sector are limited, future growth is anticipated as the industry expands [5] Group 3: Investor Relations Activity - The investor relations activity took place from September 22 to September 26, 2025, involving various investment firms and stakeholders [2] - The company confirmed that no undisclosed significant information was shared during the activity [6]

9月25日，汉钟精机跌5.1%，截至发稿，报25.67元/股，成交5.81亿元，换手率4.11%，总市值137.26亿 元。汉钟精机股价已经连续4天下跌，区间累计跌幅5.88%。 资料显示，上海汉钟精机股份有限公司位于上海市金山区枫泾工业开发区亭枫公路8289号，成立日期 1998年1月7日，上市日期2007年8月17日，公司主营业务涉及从事螺杆式压缩机应用技术的研制开发、 生产销售及售后服务。主营业务收入构成为：压缩机(组)72.36%，真空产品18.57%，零件及维修 7.88%，铸件产品1.19%。 从汉钟精机十大流通股东角度 数据显示，南方基金旗下1只基金位居汉钟精机十大流通股东。南方中证1000ETF（512100）二季度增 持36.88万股，持有股数196.3万股，占流通股的比例为0.37%。根据测算，今日浮亏损失约270.89万元。 连续4天下跌期间浮亏损失331.75万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模649.53亿。今年以来收益27.85%，同 类排名1954/4220；近一年收益63.96%，同类排名1325/3820；成立以来收益13.14 ...

9月23日，汉钟精机跌5.02%，截至发稿，报26.70元/股，成交7.77亿元，换手率5.26%，总市值142.77亿 元。 截至发稿，崔蕾累计任职时间6年322天，现任基金资产总规模949.76亿元，任职期间最佳基金回报 137.06%， 任职期间最差基金回报-15.93%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，上海汉钟精机股份有限公司位于上海市金山区枫泾工业开发区亭枫公路8289号，成立日期 1998年1月7日，上市日期2007年8月17日，公司主营业务涉及从事螺杆式压缩机应用技术的研制开发、 生产销售及售后服务。主营业务收入构成为：压缩机(组)72.36%，真空产品18.57%，零件及维修 7.88%，铸件产品1.19%。 责任编辑：小浪快报 从汉钟精机十大流通股东角度 数据显示，南方基金旗下1只基金位居汉钟精机十大流通股东。南方中证1000ETF（512100）二季度增 持36.88万股，持有股数196.3万股，占流通股的比例为0.37%。 ...

Core Viewpoint - The company has begun small-scale supply of its vacuum products to certain domestic chip manufacturers, indicating a positive step towards market acceptance and potential growth in the semiconductor sector [1] Group 1: Company Developments - The company’s vacuum products have received recognition from some domestic chip manufacturers, leading to the initiation of small-batch supply [1] - The supply covers both the expansion of new production lines and the replacement of old vacuum pumps [1] - The company is conducting testing and verification in collaboration with new clients and new processes [1] Group 2: Market Potential - Currently, the usage of the company’s vacuum products in the semiconductor field is limited, contributing minimally to overall performance [1] - However, with the acceleration of domestic semiconductor industry development and market expansion, the future growth prospects for these products are very promising [1] - The vacuum products are expected to become a new driving force for the company's performance growth [1]

Group 1 - The company, Hanzhong Precision Machinery (002158.SZ), primarily applies its vacuum products in industries such as photovoltaic, semiconductor, lithium battery, pharmaceuticals, chemicals, and electronics [1] - The company's refrigeration compressors are utilized in the cooling segment of data centers [1]

Group 1 - The core viewpoint of the news is that Hanbell Precise Machinery has seen a significant stock price increase of 10%, reaching 26.62 CNY per share, with a trading volume of 1.72 billion CNY and a turnover rate of 1.25%, resulting in a total market capitalization of 14.234 billion CNY [1] - Hanbell Precise Machinery, established on January 7, 1998, and listed on August 17, 2007, specializes in the research, development, production, sales, and after-sales service of screw compressors [1] - The company's main business revenue composition includes compressors (72.36%), vacuum products (18.57%), parts and maintenance (7.88%), and casting products (1.19%) [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Hanbell Precise Machinery, having increased its holdings by 368,800 shares in the second quarter, totaling 1.963 million shares, which represents 0.37% of the circulating shares [2] - The estimated floating profit from this investment is approximately 4.7505 million CNY [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 64.953 billion CNY, and has achieved a year-to-date return of 24.03%, ranking 1748 out of 4222 in its category [2]

Group 1 - The company reported a steady performance in the first half of 2025, achieving operating revenue of 1.489 billion yuan and a net profit attributable to shareholders of 257 million yuan, with basic earnings per share of 0.4813 yuan [1] - The company maintained a technological leading advantage in the compressor product sector, with steady revenue growth in commercial central air conditioning compressors, refrigeration compressors, and heat pump compressors [1] - Significant market expansion was noted in the vacuum product sector, particularly in the photovoltaic and semiconductor industries, with a notable increase in revenue from semiconductor vacuum pumps due to successful domestic substitution [1] Group 2 - The company actively promotes its international strategy by establishing overseas subsidiaries and strengthening cooperation with internationally renowned enterprises, contributing positively to overall performance [2] - The company aims to adhere to its core values of "innovation, quality, and service," while increasing efforts in technological innovation and market expansion in response to industry trends and market demand [2] - With the development of the digital economy and global market expansion, the company is expected to encounter broader development opportunities [2]

Group 1: Financial Performance - In 2024, the company reported a revenue of 3.674 billion CNY, a year-on-year decrease of 4.62% [2] - The net profit attributable to shareholders for 2024 was 863 million CNY, down 0.28% year-on-year [2] - Basic earnings per share for 2024 were 1.61 CNY, a decline of 0.28% compared to the previous year [2] - The weighted average return on net assets was 21.80%, a decrease of 4.01% year-on-year [2] - In Q1 2025, revenue was 606 million CNY, down 19.09% year-on-year [2] - The net profit attributable to shareholders in Q1 2025 was 118 million CNY, a decrease of 19.58% year-on-year [2] - Basic earnings per share for Q1 2025 were 0.22 CNY, down 19.58% year-on-year [2] - The weighted average return on net assets for Q1 2025 was 2.75%, a decline of 1.12% year-on-year [2] Group 2: Product Overview - The company's main business is divided into two core segments: compressors and vacuum pumps [2] - Compressor products include refrigeration and air compression series, each with distinct market positioning and development potential [2] - Refrigeration products cover commercial central air conditioning compressors, frozen and refrigerated compressors, and heat pump compressors [2] - Air compressors are essential in various industries, including engineering machinery, pharmaceuticals, chemicals, electronics, and mining [3] - The company is expanding into oil-free air compressor markets, targeting industries with high air quality requirements [3] - Vacuum products are primarily used in the photovoltaic and semiconductor industries, with plans to expand into lithium batteries, pharmaceuticals, and other sectors [3] Group 3: Future Projections - The company projects a revenue of 3.301 billion CNY and a net profit of 692 million CNY for the year 2025 [3] - The demand for vacuum pumps in the photovoltaic sector remains under pressure due to market conditions [3] - Collaboration with domestic semiconductor equipment manufacturers is ongoing, although current usage levels are low and have limited impact on overall performance [3]

Group 1: Financial Performance - In 2024, the company reported a revenue of 3.674 billion CNY, a decrease of 4.62% year-on-year, with a net profit attributable to shareholders of 863 million CNY, down 0.28% year-on-year [2] - For Q1 2025, revenue was 606 million CNY, reflecting a year-on-year decline of 19.09%, and net profit attributable to shareholders was 118 million CNY, down 19.58% year-on-year [2] - The basic earnings per share for Q1 2025 was 0.22 CNY, a decrease of 19.58% compared to the previous year [2] Group 2: Product Overview - The company's main business is divided into two core segments: compressors and vacuum pumps, with compressors further categorized into refrigeration and air compression products [2] - Refrigeration products include commercial central air conditioning compressors, refrigeration compressors, and heat pump compressors, serving diverse customer needs in temperature control [3] - Air compressors are essential in various industries, including construction machinery, pharmaceuticals, and electronics, with a focus on expanding the market for oil-free compressors due to their high gas purity [4] Group 3: Market Trends and Challenges - The demand for vacuum products is influenced by the photovoltaic industry, with ongoing pressure on the demand for vacuum pumps in the crystal pulling and battery cell segments [5] - The company is collaborating with several domestic semiconductor equipment manufacturers for new process testing, although current usage remains limited and has a minor impact on overall performance [5] Group 4: Future Projections - The company projects a revenue of 3.301 billion CNY and a net profit of 692 million CNY for the fiscal year 2025 [6]

Financial Data and Key Metrics Changes - First quarter revenue was $936 million, up 8% year over year and at the high end of guidance [14][7] - Gross margin for the first quarter was 47.4%, also at the high end of guidance [18] - Net earnings per diluted share were $1.71, exceeding the high end of guidance [20] - Free cash flow for the first quarter was strong at $123 million, over 100% of net earnings [20] Business Line Data and Key Metrics Changes - Semiconductor revenue was $413 million, up 3% sequentially and 18% year over year [16] - Electronics and packaging revenue was $253 million, similar to the previous quarter and up 22% year over year [17] - Specialty industrial revenue was $270 million, down 4% sequentially and down 13% year over year [18] Market Data and Key Metrics Changes - Semiconductor market showed modest increases in demand, particularly for NAND products [9] - Electronics and packaging market saw strong orders for flexible PCB drilling equipment and chemistry equipment [10] - Specialty industrial market faced softness, particularly in automotive applications [12] Company Strategy and Development Direction - Company is focused on managing through uncertainties related to trade policies while capitalizing on market recovery [13] - Emphasis on maintaining strong customer relationships and leveraging a broad portfolio of technologies [13] - Long-term capital allocation priorities include investing in organic growth and reducing leverage [22] Management's Comments on Operating Environment and Future Outlook - Management noted early signs of improvement in demand across end markets despite trade policy uncertainties [7] - Anticipated near-term impacts on margins due to supply chain optimization in response to geopolitical dynamics [8] - Confidence in the ability to manage through uncertainties and maintain strong financial performance [13] Other Important Information - Company closed the quarter with approximately $1.3 billion in liquidity [21] - Voluntary principal prepayment of $100 million was made to reduce credit spreads [21] - Dividend of $0.22 per share was paid during the quarter [22] Q&A Session Summary Question: Momentum in NAND upgrades - Management indicated that inventory normalization in the NAND market is a factor driving upgrades, with expectations for continued upgrades [28][29] Question: Impact of tariffs on gross margins - Management discussed ongoing engagement with customers and suppliers to mitigate tariff impacts, noting no current top-line impact from tariffs [38][39] Question: Outlook for the second half of the year - Management expressed optimism for stable demand and potential growth in semiconductor and electronics markets, but acknowledged macroeconomic uncertainties [42] Question: Specialty industrial market trends - Management highlighted softness in automotive and general industrial markets, attributing it to macroeconomic factors and tariffs [88] Question: Growth rate expectations for chemistry business - Management expects the PCB industry to grow at GDP plus 300 basis points, with AI driving incremental growth [92]