Market Overview - The general equipment sector experienced a decline of 0.47% on January 15, with Daye Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Top Gainers in General Equipment Sector - Jingce Electronics (300567) saw a closing price of 119.00, with an increase of 8.10% and a trading volume of 185,800 shares [1] - Xinlei Co., Ltd. (301317) closed at 37.25, up 7.60%, with a trading volume of 91,100 shares [1] - Yingliu Co., Ltd. (603308) closed at 48.44, increasing by 5.83% with a trading volume of 266,700 shares [1] - Other notable gainers include Youlide (688628) at 36.92 (+5.79%), Tongfei Co., Ltd. (300990) at 91.37 (+5.34%), and Baonanchangke (688433) at 80.68 (+5.05%) [1] Top Losers in General Equipment Sector - Daye Co., Ltd. (603278) reported a significant drop of 10.03%, closing at 12.92 with a trading volume of 437,400 shares [2] - Aerospace Power (600343) also fell by 10.00%, closing at 44.09 with a trading volume of 905,600 shares [2] - Other major decliners include Luxin Investment (600783) at 31.95 (-10.00%), JuLi Sockets (002342) at 12.60 (-10.00%), and Snowman Group (002639) at 24.23 (-9.99%) [2] Capital Flow Analysis - The general equipment sector saw a net outflow of 4.127 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.994 billion yuan [2] - The sector experienced a net inflow of 134 million yuan from speculative funds [2] Individual Stock Capital Flow - Jingce Electronics (300567) had a net inflow of 244 million yuan from institutional investors, accounting for 11.41% of its trading volume [3] - New Lai Materials (300260) reported a net inflow of 162 million yuan, with a net outflow of 52.41 million yuan from speculative funds [3] - Other stocks with notable capital flows include Zongshen Power (001696) with a net inflow of 96.49 million yuan and a net outflow of 99.06 million yuan from retail investors [3]

Core Viewpoint - The company has established a comprehensive raw material price tracking system to manage costs effectively amid rising raw material prices [1] Group 1: Cost Management Strategies - The company signs framework agreements with key raw material suppliers and makes advance payments to lock in prices and quantities, thereby controlling raw material cost expenditures [1] - The company has adopted a strategy of pre-stocking raw materials to prepare for potential future price increases [1] Group 2: Pricing Strategy - The final product pricing is determined based on production costs, product performance, competitor pricing, market conditions, customer purchasing scale, and competitive strategies [1] - In cases of significant unilateral increases in raw material prices, the company typically implements measures to raise product prices to pass on the cost pressure [1]

Group 1 - The stock of Huari Precision fell by 5.27% on January 12, closing at 78.08 yuan per share, with a trading volume of 79.39 million yuan and a turnover rate of 1.14%, resulting in a total market capitalization of 7.306 billion yuan [1] - Huari Precision, established on March 7, 2007, and listed on February 8, 2021, specializes in the research, production, and sales of hard alloy CNC cutting tools, with revenue composition as follows: turning tools 63.32%, milling tools 20.80%, integral tools 10.41%, others 3.02%, and drilling tools 2.44% [1] Group 2 - Huatai Bairui Fund has one fund heavily invested in Huari Precision, with the Zhongzheng 2000 (563300) holding 130,300 shares, accounting for 0.46% of the fund's net value, ranking as the ninth largest holding [2] - The Zhongzheng 2000 fund, established on September 6, 2023, has a latest scale of 2.168 billion yuan, with a year-to-date return of 6.27% (ranking 1612 out of 5579) and a one-year return of 47.32% (ranking 1505 out of 4202) [2]

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on AI equipment and consumables, as well as engineering machinery [1]. Core Insights - The mechanical industry is expected to benefit from the acceleration of AI applications, particularly in high-performance servers and GPU demand, driven by the rapid iteration of AI models and smart hardware [7]. - The excavator market is projected to exceed expectations in both domestic and international sales, with a forecasted 17% year-on-year growth in 2025, supported by government policies and infrastructure projects [7]. - The report emphasizes the potential for a new recovery cycle in the equipment industry, driven by monetary and fiscal policy support, and suggests focusing on key companies across various segments [7]. Summary by Sections Key Company Earnings Forecast, Valuation, and Investment Ratings - Companies such as 汇川技术 (Inovance Technology), 法兰泰克 (Falan Tech), and 信捷电气 (Xinjie Electric) are rated as "Strong Buy" with projected EPS growth and favorable PE ratios [2][8]. - For example, 汇川技术 is expected to have an EPS of 2.11元 in 2025, with a PE ratio of 37.13, indicating strong growth potential [2]. Industry and Company Investment Views - The report highlights the AI equipment and consumables sector as a key area for investment, with significant growth expected in the PCB market driven by AI infrastructure needs [9]. - The engineering machinery sector is also highlighted, with companies like 三一重工 (Sany Heavy Industry) and 徐工机械 (XCMG) expected to benefit from increased domestic demand and international market recovery [7][9]. Key Data Tracking - The report provides macroeconomic data indicating a total market capitalization of 70,956.73 billion yuan for the mechanical industry, with 636 listed companies [4]. - The mechanical sector has shown strong performance, with a 5.7% increase in the sector index over the past week, outperforming major indices [11][14].

证券代码：688059 证券简称：华锐精密 公告编号：2026-003 转债代码：118009 转债简称：华锐转债 株洲华锐精密工具股份有限公司 公司股票在连续三十个交易日中至少十五个交易日的收盘价格不低于当期转股价格的130%（含 130%），已经触发《株洲华锐精密工具股份有限公司向不特定对象发行可转换公司债券募集说明书》 中有条件赎回条款的相关规定。公司董事会决定行使"华锐转债"的提前赎回权利，按照债券面值加当期 应计利息的价格对赎回登记日登记在册的"华锐转债"全部赎回。 同时，为确保本次"华锐转债"提前赎回事项的顺利进行，董事会授权公司管理层及相关部门负责办理本 次"华锐转债"提前赎回的全部相关事宜。上述授权自董事会审议通过之日起至本次赎回相关工作完成之 日止。 具体内容详见公司同日刊登在上海证券交易所网站（www.sse.com.cn)的《关于提前赎回"华锐转债"的提 示性公告》（公告编号：2026-002）。 第三届董事会第二十四次会议决议公告 一、董事会会议召开情况 株洲华锐精密工具股份有限公司（以下简称"公司"）第三届董事会第二十四次会议于2026年1月9日以现 场表决与通讯结合的方式召开，会议 ...

证券日报网讯 1月9日，华锐精密发布公告称，公司股票自2025年11月28日至2026年1月7日期间，已有 十三个交易日的收盘价不低于当期转股价格的130%（即不低于81.24元/股），自2026年1月8日至2026年 1月9日已有两个交易日的收盘价不低于当期转股价格的130%（即不低于80.46元/股）。综上，公司股票 已满足连续三十个交易日中至少有十五个交易日的收盘价不低于当期转股价格的130%。根据《株洲华 锐精密工具股份有限公司向不特定对象发行可转换公司债券募集说明书》中有条件赎回条款的相关规 定，已触发"华锐转债"提前赎回条件。公司已于2026年1月9日召开第三届董事会第二十四次会议，审议 通过了《关于提前赎回"华锐转债"的议案》，决定行使提前赎回权利，对赎回登记日登记在册的"华锐 转债"全部赎回。投资者所持"华锐转债"除在规定时限内通过二级市场继续交易或按照61.89元/股的转股 价格进行转股外，仅能选择以100元/张的票面价格加当期应计利息被强制赎回。若被强制赎回，可能面 临较大投资损失。 （文章来源：证券日报） ...

证券日报网讯 1月9日，华锐精密发布公告称，公司第三届董事会第二十四次会议审议通过《关于豁免 本次董事会会议提前通知的议案》《关于提前赎回"华锐转债"的议案》。 （文章来源：证券日报） ...

格隆汇1月9日丨华锐精密(688059.SH)公布，公司股票自2025年11月28日至2026年1月7日期间，已有十 三个交易日的收盘价不低于当期转股价格的130%(即不低于81.24元/股)，自 2026年1月8日至2026年1月9 日已有两个交易日的收盘价不低于当期转股价格的130%(即不低于80.46元/股)。综上，公司股票已满足 连续三十个交易日中至少有十五个交易日的收盘价不低于当期转股价格的130%。根据《株洲华锐精密 工具股份有限公司向不特定对象发行可转换公司债券募集说明书》中有条件赎回条款的相关规定，已触 发"华锐转债"提前赎回条件。 公司已于2026年1月9日召开第三届董事会第二十四次会议，审议通过了《关于提前赎回"华锐转债"的议 案》，决定行使提前赎回权利，对赎回登记日登记在册的"华锐转债"全部赎回。 投资者所持"华锐转债"除在规定时限内通过二级市场继续交易或按照61.89元/股的转股价格进行转股 外，仅能选择以100元/张的票面价格加当期应计利息被强制赎回。若被强制赎回，可能面临较大投资损 失。 ...

| 证券代码：688059 | 证券简称：华锐精密 | 公告编号：2026-002 | | --- | --- | --- | | 转债代码：118009 | 转债简称：华锐转债 | | 株洲华锐精密工具股份有限公司 关于提前赎回"华锐转债"的提示性公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 株洲华锐精密工具股份有限公司（以下简称"公司"）股票自 2025 年 11 月 28 日至 2026 年 1 月 7 日期间，已有十三个交易日的收盘价不低于当期转股价 格的 130%（即不低于 81.24 元/股），自 2026 年 1 月 8 日至 2026 年 1 月 9 日已 有两个交易日的收盘价不低于当期转股价格的 130%（即不低于 80.46 元/股）。 综上，公司股票已满足连续三十个交易日中至少有十五个交易日的收盘价不低于 当期转股价格的 130%。根据《株洲华锐精密工具股份有限公司向不特定对象发 行可转换公司债券募集说明书》（以下简称"《募集说明书》"）中有条件赎回条 款的相关规定，已触发"华 ...

招商证券股份有限公司 关于株洲华锐精密工具股份有限公司 提前赎回"华锐转债"的核查意见 招商证券股份有限公司（以下简称"招商证券"或"保荐人"）作为株洲华 锐精密工具股份有限公司（以下简称"华锐精密"或"公司"）向不特定对象发 行可转换公司债券及后续持续督导保荐人，根据《可转换公司债券管理办法》《上 海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》及《上海证券 交易所上市公司自律监管指引第 12 号——可转换公司债券》等有关法律法规和 规范性文件的要求，对华锐精密提前赎回"华锐转债"的事项进行了审慎核查， 核查情况及核查意见如下： 一、可转债发行上市概况 "华锐转债"转股价格调整情况如下： 因公司实施 2022 年年度权益分派方案，自 2023 年 5 月 22 日起转股价格调 整为 92.65 元/股，具体内容详见公司于 2023 年 5 月 16 日在上海证券交易所网 站(http://www.sse.com.cn)披露的《关于实施 2022 年年度权益分派调整可转债转 1 股价格的公告》（公告编号：2023-026）。 因公司完成了 2022 年限制性股票激励计划首次授予部分第一个归属期归 ...