Group 1 - The core point of the article is the delivery of a custom-made ultra-large vertical rotary multi-component injection molding machine, NEO·M4000v, by Tai Rui Machinery Co., Ltd. to BYD Company Limited for the production of automotive integrated front lamp masks [1] - The NEO·M4000v machine features a clamping force of 4000 tons and a rotary table diameter of 3.2 meters, specifically designed for high-end optical components in the automotive sector [1] - The development team achieved systematic breakthroughs in key technologies such as ultra-large rotary structure design, multi-servo coordinated control, and high-precision positioning over several months [1] Group 2 - Tai Rui Machinery has also undertaken multiple custom projects for BYD, including the large electric injection molding machine NEO·M1920v and the largest horizontal rotary injection machine in China, NEO·M3320s, among other custom models [1]

Core Viewpoint - The stock price of Tai Rui Machinery has shown a positive trend with an increase of 11.36% year-to-date and a notable rise of 8.57% over the last five trading days, indicating strong market interest and performance [2]. Company Overview - Tai Rui Machinery Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on August 8, 2006. The company was listed on October 31, 2017. It specializes in the manufacturing of plastic injection molding equipment and provides solutions for downstream applications [2]. - The main business revenue composition includes injection molding machines (94.65%), accessories and services (4.36%), and other (0.99%) [2]. - The company operates within the specialized equipment sector of the machinery industry and is associated with concepts such as underground pipe corridors, Industry 4.0, small-cap stocks, waste classification, and sponge cities [2]. Financial Performance - For the period from January to September 2025, Tai Rui Machinery achieved a revenue of 868 million yuan, reflecting a year-on-year growth of 0.66%. The net profit attributable to shareholders reached 66.27 million yuan, marking a significant increase of 51.01% [2]. - Since its A-share listing, the company has distributed a total of 384 million yuan in dividends, with 133 million yuan distributed over the past three years [3]. Shareholder Information - As of January 9, 2025, the number of shareholders for Tai Rui Machinery was 15,400, a slight decrease of 0.02% from the previous period. The average circulating shares per person increased by 0.02% to 19,031 shares [2]. - Notable institutional holdings include the newly entered fourth-largest shareholder, China Merchants Quantitative Selected Stock Fund, holding 2.03 million shares, and the ninth-largest shareholder, GF Growth Enterprise Index Enhanced Fund, holding 930,700 shares [3].

Summary of Key Points Core Viewpoint - The company is providing guarantees for buyer credit business to support customers with good credit who require financing, thereby facilitating business development and improving cash flow efficiency [2][9][10]. Group 1: Overview of Buyer Credit Guarantee - The company accepts buyer credit as a payment method during sales to assist customers with financing needs [2]. - The total guarantee amount for buyer credit is capped at RMB 50 million, with individual credit terms not exceeding five years [2]. - The chairman is authorized to decide on the specific guarantees within the approved limit for a period of twelve months [2]. Group 2: Criteria for Guaranteed Clients - The company has established positive and negative screening criteria for selecting clients for buyer credit guarantees [3][6]. - Positive criteria include being a legally registered company in China, having good commercial credit, and no unresolved legal disputes [3][5]. - Negative criteria include significant external guarantee risks, previous defaults, and financial instability [6][7][8]. Group 3: Main Content of Guarantee Agreements - The company has not yet signed specific guarantee agreements with banks or financial institutions but will do so within the approved guarantee limits [8]. Group 4: Board and Audit Committee Opinions - The board and audit committee agree that the buyer credit business will alleviate short-term financial pressure for clients and enhance cash flow efficiency [9][10]. - They confirm that the decision-making process complies with legal regulations and will not adversely affect the company's operations [9][10]. Group 5: Current Guarantee Status - As of December 31, 2025, the company's total guarantees for buyer credit amounted to approximately RMB 47.94 million, representing 3.36% of the company's audited net assets as of December 31, 2024 [11].

Core Viewpoint - The company emphasizes that its stock price fluctuations in the secondary market are influenced by multiple factors, including macroeconomic conditions, industry policies, market sentiment, and funding status [1] Group 1: Company Strategy - The company is committed to focusing on its core business and places high importance on market value management [1] - To protect the interests of investors and enhance their confidence, the company aims to improve corporate governance, plan reasonable cash dividends, and elevate investor relations management [1] - The company is dedicated to a long-term sustainable development strategy and actively strengthens investor relations management while deepening market communication [1] Group 2: Performance and Communication - The company intends to comprehensively convey its long-term development philosophy and strive to reward shareholders' trust and support through outstanding performance [1]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 | 证券代码：603289 | 证券简称：泰瑞机器 | 公告编号：2026-003 | | --- | --- | --- | | 债券代码：113686 | 债券简称：泰瑞转债 | | 泰瑞机器股份有限公司 关于 2026 年度买方信贷业务提供对外担保的公告 一、买方信贷担保情况的概述 为进一步促进公司业务的发展，解决信誉良好且需融资支持的客户的付款问题， 公司在销售过程中接受客户采用买方信贷结算的付款方式。 在公司提供设备回购担保的前提下，由银行、融资租赁等金融机构向客户提供 按揭、融资租赁、买方信贷等相关业务的融资担保，如客户无法偿还贷款，合作银 行、融资租赁等金融机构有权要求公司履行设备回购担保责任。 公司对买方信贷担保业务实行余额额度控制。通过银行、融资租赁等金融机构 为客户提供买方信贷担保余额额度不超过人民币 5,000 万元，买方信贷业务项下单 笔信用业务期限不超过 5 年，余额额度可循环使用。 董事会授权董事长自董事会审议通过之日起十二个月，根据业务开展需要 ...

Core Viewpoint - The company, Tai Rui Machinery, has achieved significant recognition for its collaboration with Zhejiang University on a project focused on "High-Performance Precision Injection Molding Technology and Equipment for Plastics," which addresses critical challenges in the injection molding of specialty engineering polymers [2]. Group 1 - The project has been awarded the First Prize for Scientific and Technological Progress, highlighting its innovative contributions to the industry [2]. - The technology developed aims to overcome bottlenecks such as low molding precision, difficulty in ensuring performance, and high energy consumption in the injection molding process [2]. - The application of this technology platform extends to fields requiring extreme performance, reliability, and precision in specialty engineering polymer molding, particularly in connectors used in the aerospace and automotive industries [2].

Core Viewpoint - The company, Tai Rui Machinery, has developed efficient and precise injection molding solutions for the automotive lighting sector, particularly in the field of new energy vehicles [2] Group 1: Product Features - The company's automotive lighting solutions reduce the need for subsequent processes such as coating, painting, and film application, achieving product molding in one step [2] - The surface finish of plastic products is high-quality, providing a more aesthetically pleasing visual effect [2] - The solutions can be customized based on actual production needs, enhancing flexibility [2] - The production efficiency is high, and the solutions are environmentally friendly and energy-saving [2] Group 2: Market Applicability - The injection molded components produced by the company's machines can theoretically be applied to all types of vehicles [2]

Group 1 - The core viewpoint of the article is that Tai Rui Machinery is accelerating its digital and intelligent transformation by building a self-controlled, secure, and compliant enterprise-level artificial intelligence work platform to enhance operational efficiency and data security [1] Group 2 - The company aims to fully leverage AI and big data to empower business development [1]

Group 1 - The core point of the article is that Tai Rui Machinery has reported its shareholder count as of January 9, 2026, which stands at 15,416 households [2]

Group 1 - The company will disclose its 2025 annual report on April 21, 2026, and specific production figures will be available in the regular reports [1] - An investor inquired about the progress of the one-piece die-casting machine project established in 2022 and the high-end injection molding equipment, which was funded through bonds raised in 2024 [3]