证券日报网2月11日讯 ，华锐精密在接受调研者提问时表示，高端的生产设备是公司先进研发成果和生 产技术得以高效应用的"转化器"，使公司的研发优势和生产优势得以充分发挥，而先进的研发设备是公 司进一步提高技术水平的可靠保障，两者相辅相成。公司通过经营积累和外部融资持续对高端生产和研 发设备进行投入，推动技术和装备的有机融合。目前公司核心工序均引进了世界一流的生产、研发和智 能化辅助设备，高端生产和研发设备搭配严格的质量控制体系和严苛的品质管控措施，使公司在核心技 术产业化、产品质量、生产成本等方面保持竞争优势并为公司的研发活动提供了有力支撑。 （文章来源：证券日报） ...

Core Viewpoint - The company adheres to a "concentrate advantages, breakthrough single product" R&D strategy, continuously increasing R&D investment and attracting high-end talent and advanced equipment, focusing on the core technology and process innovation of hard alloy CNC tools [2] Group 1: R&D Strategy and Talent - The company has built a well-structured R&D team with a balanced mix of experienced and young professionals, totaling 141 R&D personnel, which constitutes 13.53% of the total workforce as of June 30, 2025 [2] - The R&D team covers four major fields: substrate materials, groove structures, precision forming, and surface coating [2] Group 2: R&D Facilities and Patents - The company has established a cutting test laboratory that simulates real application scenarios, equipped with advanced processing and testing equipment, enhancing R&D efficiency by allowing quick and accurate evaluation of cutting performance during new product development [2] - As of June 30, 2025, the company holds 67 authorized patents, including 32 invention patents, showcasing its strong R&D capabilities [2] Group 3: Market Position - The company's core products have achieved advanced levels in processing accuracy, efficiency, and service life, successfully entering the domestic mid-to-high-end market traditionally dominated by European, American, and Japanese tool manufacturers [2]

（文章来源：证券日报） 证券日报网2月11日讯 ，华锐精密在接受调研者提问时表示，公司主要原材料包括碳化钨粉、硬质合金 棒材、钴粉和钽铌固溶体等。公司采购部对主要原材料采购工作实行统一管理，根据生产计划和市场情 况储备合理库存；公司通过向合格供应商询价和比价方式确定采购价格，在对主要原材料的品质、价 格、交货期等进行综合考量后，安排订单采购；货物到厂后需进行入厂检验，检验合格后方可对物料进 行入库。公司与碳化钨粉、硬质合金棒材、钴粉和钽铌固溶体等关键原材料供应商建立了长期、稳定的 合作关系。 ...

证券日报网2月10日讯 ，华锐精密在接受调研者提问时表示，公司自成立以来始终聚焦于数控刀具的研 发生产，已经成为国内知名的硬质合金切削刀具制造商，公司连续多年产量位居国内行业前列。根据中 国钨业协会统计、证明，公司硬质合金数控刀片产量在国内企业中2023年排名第二、2022年排名第三、 2021年排名第三。公司核心产品在加工精度、加工效率和使用寿命等切削性能方面已处于国内先进水 平，进入了由欧美和日韩刀具企业长期占据的国内中高端市场。2017年公司模具铣削刀片荣获"荣格技 术创新奖"，2019年公司锋芒系列硬质合金数控刀片荣获"金锋奖"首届切削刀具创新产品奖，2021年公 司S/CSM390双面经济型方肩铣刀荣获"金锋奖"第二届切削刀具产品创新奖和"荣格技术创新奖"，2023 年公司高硬度加工整体硬质合金立铣刀荣获"金锋奖"第三届切削刀具产品创新奖，G系列高性能钢件车 削刀片获得"荣格技术创新奖"，2024年公司XD系列整体硬质合金深孔钻削刀具获得"荣格技术创新 奖"，2025年公司U系列超级通用整体硬质合金刀具获得"金锋奖"第四届切削刀具产品创新奖"，麒麟系 列高温合金加工用刀具获得"荣格技术创新奖"。公司 ...

证券日报网2月10日讯，华锐精密在接受调研者提问时表示，根据2025年年度业绩预告，公司预计2025 年度实现归属于母公司所有者的净利润为18，000.00万元到20，000.00万元，与上年同期相比，将增加 7，304.09万元到9，304.09万元，同比增加68.29%到86.99%。预计2025年度实现归属于母公司所有者的 扣除非经常性损益的净利润为17，800.00万元到19，800.00万元，与上年同期相比，将增加7，368.95万 元到9，368.95万元，同比增加70.64%到89.82%。 ...

Core Viewpoint - The company adheres to a research and development strategy of "concentrating advantages and breaking through single products," continuously increasing R&D investment and attracting high-end talent and advanced equipment [1] Group 1: R&D Strategy and Talent - The company has built a well-structured R&D team with a balanced mix of experienced and young professionals, totaling 141 R&D personnel, which constitutes 13.53% of the total workforce as of June 30, 2025 [1] - The R&D team covers four major fields: substrate materials, groove structures, precision forming, and surface coatings [1] Group 2: R&D Facilities and Efficiency - The company has established a cutting test laboratory that simulates real application scenarios, equipped with advanced processing and testing equipment such as CNC lathes and wear measurement tools, enhancing R&D efficiency [1] - The company can quickly evaluate the cutting performance of new products during the development process [1] Group 3: Intellectual Property and Market Position - As of June 30, 2025, the company holds 67 authorized patents, including 32 invention patents [1] - The core products of the company have achieved advanced levels in processing accuracy, efficiency, and service life, entering the domestic mid-to-high-end market traditionally dominated by European, American, and Japanese tool manufacturers [1]

- The report does not contain any quantitative models or factors for analysis[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42]

Investment Rating - The report rates the mechanical industry as "Overweight," indicating a positive outlook for the sector compared to the overall market performance [2][13]. Core Insights - The mechanical industry is expected to see stable performance with technological advancements leading to a value reversal. Key areas of growth include space photovoltaics, machine tools, robotics, and laser technology [4][7]. Summary by Sections Performance Forecast - The report predicts significant growth for 21 key tracked mechanical companies in Q4 2025, with notable forecasts such as Zoomlion (183%), DingTai High-Tech (179%), and Wolong Electric (82%) [4][5]. Space Photovoltaics - The commercial space sector is entering a new phase characterized by large-scale deployment and capability upgrades, leading to increased demand for space photovoltaics. The report highlights a projected super cycle in satellite manufacturing and launching over the next decade, driven by the need for satellite energy systems [4]. Machine Tools & Cutting Tools - The machine tool sector is expected to transition towards high-end, CNC, and intelligent manufacturing. The report anticipates a 9.7% increase in metal cutting machine production in 2025, with a strong focus on domestic production of core components [4][7]. - Cutting tool manufacturers are expected to benefit from rising raw material prices and increased domestic demand, with a focus on high-end product breakthroughs [4]. Robotics & Components - The humanoid robot industry is progressing towards commercialization, with significant developments expected in 2025. The report identifies three main trends: Tesla's humanoid robot iterations, global giants entering the robotics space, and various robot forms being deployed in practical applications [4]. Laser Technology - General laser technology is experiencing rapid growth due to advancements in high-power and specialized applications. The report recommends companies like Baichu Electronics and Dier Laser for investment [7]. Engineering Machinery - The report anticipates a resonance of domestic and foreign demand in 2026, driven by infrastructure projects and equipment upgrades. Key companies recommended include SANY Heavy Industry and XCMG [7]. Forklifts - The forklift market is projected to grow, with a 12.9% increase in total sales expected in 2025. The report emphasizes the trend towards automation and smart logistics in the industry [7]. Rail Transit Equipment - The report notes a strong demand for rail transit equipment, with a projected 6.0% increase in fixed asset investment in railways for 2025. Recommended companies include CRRC and Siwei Control [7].

Core Viewpoint - The company emphasizes its strategic management of key raw materials, ensuring stable supply and quality through long-term relationships with suppliers [1] Group 1: Raw Material Management - The main raw materials for the company include tungsten carbide powder, hard alloy bars, cobalt powder, and tantalum-niobium solid solution [1] - The procurement department implements unified management for raw material procurement based on production plans and market conditions to maintain reasonable inventory levels [1] - The company determines procurement prices through inquiries and comparisons with qualified suppliers, considering quality, price, and delivery time before placing orders [1] Group 2: Supplier Relationships - The company has established long-term and stable partnerships with suppliers of key raw materials such as tungsten carbide powder, hard alloy bars, cobalt powder, and tantalum-niobium solid solution [1]

Core Viewpoint - The company Huari Precision anticipates a significant increase in net profit for the year 2025, projecting a rise of 68.29% to 86.99% compared to the previous year [1] Financial Projections - The company expects to achieve a net profit attributable to shareholders of the parent company ranging from 180 million to 200 million yuan for the year 2025, which represents an increase of 73.04 million to 93.04 million yuan year-on-year [1] - The projected net profit, excluding non-recurring gains and losses, is estimated to be between 178 million to 198 million yuan, indicating an increase of 73.69 million to 93.69 million yuan compared to the previous year [1] - The year-on-year growth for the net profit excluding non-recurring items is expected to be between 70.64% and 89.82% [1]