证券代码：300432 证券简称：富临精工 公告编号：2025-012 富临精工股份有限公司 关于控股子公司增资扩股暨引入战略投资者的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 富临精工股份有限公司（以下简称"公司"、"富临精工"）于2025年3月10 日召开第五届董事会第二十二次会议、第五届监事会第十八次会议，审议通过了 《关于控股子公司增资扩股暨引入战略投资者的议案》，同意公司控股子公司江 西升华新材料有限公司（以下简称"江西升华"）以增资扩股方式引入战略投资 者宁德时代新能源科技股份有限公司（以下简称"宁德时代"）并签署《投资协 议》、《股东协议》。现将具体情况公告如下： 一、本次交易概述 （一）交易基本情况 鉴于公司及控股子公司江西升华与宁德时代签署《战略合作协议》，将在磷 酸铁锂材料产品研发、产能投建、国际化拓展、供应链及资本等方面开展长期可 持续的深度合作，进一步拓展在汽车及智能机器人等创新领域增量零部件及关节 的合作机会，以此达成战略伙伴关系。为进一步发挥各自在产业领域的专业与资 源优势，实现在新能源产业链上下游的合作，提升可持续发展和 ...

证券代码：300432 证券简称：富临精工 公告编号：2025-011 富临精工股份有限公司 关于与宁德时代新能源科技股份有限公司签署战略合作协议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 本协议为各方战略合作协议，具体合作项目各方另行协商签订正式协议组织 实施。公司将按照法律法规和《公司章程》的相关规定，对战略合作事项的落地 实施履行相应的审批程序和信息披露义务，敬请广大投资者注意投资风险。 一、协议签订的基本情况 为进一步发挥各自在产业内的禀赋优势，合作各方基于长期良好的合作关系， 经友好协商，富临精工股份有限公司（以下简称"公司"、"富临精工"）及控 股子公司江西升华新材料有限公司（以下简称"江西升华"）与宁德时代新能源 科技股份有限公司（以下简称"宁德时代"）签署《战略合作协议》，合作各方 将在磷酸铁锂材料产品研发、产能投建、国际化拓展、供应链及资本等方面开展 长期可持续的深度合作，进一步拓展在汽车及智能机器人等创新领域增量零部件 及关节的合作机会，以此达成战略伙伴关系。 根据《深圳证券交易所创业板股票上市规则》、《公司章程》等 ...

证券代码：300432 证券简称：富临精工 公告编号：2025-008 富临精工股份有限公司 关于控股股东部分股权质押的公告 2、一致行动人聂丹系公司董事，所持限售股股份性质为高管锁定股，其未质押股份不 涉及股份被冻结情况。 3、上表中部分合计数与各明细数相加之和在尾数上如有差异，系以上百分比结果四舍 五入所致。 二、其他情况说明 一、股东股份质押基本情况 1、本次股东股份质押基本情况 | 股东名称 | 是否为控 股股东及 | 本次质押股 | 占其所 | 占公 司总 | 是否 | 是否 为补 | 质押起始日 | 质押到期日 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 持股份 | | 为限 | | | | | 质权人 | 质押用途 | | | 其一致行 | 份数量（股） | 比例 | 股本 | 售股 | 充质 | | | | | | | | 动人 | | | 比例 | | 押 | | | | | | | 四川富临 | | | | | | | 2025 年 3 月 | 2026 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its initial coverage [8]. Core Insights - The company, a leading player in engine components, is actively expanding into the new energy sector, particularly in "electric drive + thermal management + suspension systems" and "lithium iron phosphate" markets. The lithium iron phosphate business is experiencing a turning point with increasing demand for high-pressure lithium iron phosphate products, leveraging its competitive advantage in oxalic acid processing [2][4][7]. Summary by Sections Engine Components - The company is a well-established leader in engine components, maintaining high profitability in traditional products. It has achieved significant market shares in various products, with a 21% and 13% market share in mechanical and hydraulic tappets respectively as of 2014. The VVT product currently holds a 12% market share, ranking first. The automotive engine market remains robust, benefiting from hybrid and export growth, with expectations for further market share gains in new technology areas like EVVT [4][31][35]. New Energy Business - The company has capitalized on the transition to new energy, expanding its product offerings to include electric drive systems, thermal management, and suspension systems. The electric drive system market is projected to exceed 100 billion, with revenues reaching 750 million in 2023, a 56.3% year-on-year increase. The thermal management market is also significant, with revenues of 380 million in 2023, reflecting a 93.5% year-on-year growth [4][5][31]. Lithium Iron Phosphate - The company entered the lithium iron phosphate sector in 2021, utilizing an oxalic acid method for production, which provides a competitive edge in high-pressure performance. The cost structure is expected to improve significantly with a projected 30-40% self-supply rate of lithium dihydrogen phosphate by 2025, potentially reducing costs by 600-700 yuan per ton [5][7]. Robotics - The company is venturing into the robotics sector, focusing on core components for robotic joints. With a market potential exceeding 30 billion, the company has established partnerships for mass production of robotic components, positioning itself as a key supplier in the industry [6][7]. Financial Projections - The company is expected to see a stable growth foundation from its engine components and lithium iron phosphate businesses, with new growth opportunities in robotics. Projected net profits for 2024, 2025, and 2026 are 410 million, 1.08 billion, and 1.52 billion respectively, with corresponding P/E ratios of 55, 21, and 15 [7].

证券代码：300432 证券简称：富临精工 公告编号：2025-007 截至本公告披露日，富临集团持有公司股份 371,244,012 股，占公司总股本 的 30.40%。其中，通过普通证券账户持有公司股份 327,244,012 股，占其所持 有公司股份总数的 88.15%，占公司总股本的 26.80%；存放于招商证券客户信用 交易担保证券账户的公司股份为 44,000,000 股，占其所持有公司股份总数的 11.85%，占公司总股本的 3.60%。 特此公告。 富临精工股份有限公司 董事会 2025 年 2 月 21 日 富临精工股份有限公司 关于控股股东部分股份解除融资融券业务的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 富临精工股份有限公司（以下简称"公司"）于 2025 年 2 月 21 日收到公司 控股股东四川富临实业集团有限公司（以下简称"富临集团"）关于部分股份解 除融资融券业务的函告，现将具体情况公告如下： 富临集团将其持有的公司 11,000,000 股（占公司总股本的 0.90%）无限售 流通股从招商证券股份有限公司（以下简称" ...

公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、对外投资概述 为满足富临精工股份有限公司（以下简称"公司"、"富临精工"）机器人 产业发展需要，加快机器人关键硬件智能电关节的开发与产业化，公司与绵阳市 涪城区人民政府友好协商，拟签订《机器人智能电关节模组研发及生产基地项目 投资协议》（以下简称"《投资协议》"），公司拟在绵阳市涪城区投资建设机 器人智能电关节模组研发及生产基地项目，项目总投资金额 11,000 万元。 证券代码：300432 证券简称：富临精工 公告编号：2025-006 富临精工股份有限公司 关于签订《机器人智能电关节模组研发及生产基地项目投资协议》的 根据《深圳证券交易所创业板股票上市规则》、《公司章程》等规定，本次投 资事项不涉及关联交易，不构成《上市公司重大资产重组管理办法》规定的重大 资产重组，无需提交董事会和股东大会审议。 4、与公司的关系：无关联关系。 三、拟投资项目的基本情况 二、合作对方的基本情况 1、合作对方：绵阳市涪城区人民政府 2、性质：地方行政机关 3、住所：绵阳市涪城区城厢街道文庙街 8 号 1、项目名称： ...

Summary of Conference Call Notes Company Overview - The company discussed is 富宁 (Funing), which operates in three main business segments: high-pressure stone density, hydraulic components, and robotics [1][7]. Key Points and Arguments High-Pressure Stone Density - Funing has a leading advantage in high-pressure stone density, with significant production capacity expansion planned [1][3]. - The company aims to increase output from approximately 120,000 tons last year to over 250,000 tons this year, with a long-term goal of reaching 500,000 tons [3]. - The expected unit economics for this segment is projected to be above 2,000 RMB per ton, with potential for price increases depending on competitors' actions [4][20]. Hydraulic Components - The hydraulic components segment has a stable profit margin, with a market share of around 20% [5]. - The company is expanding into the electric vehicle (EV) market, focusing on components like electric drive systems and thermal management, which are expected to grow by over 30% [1][5]. Robotics - Funing has been developing its robotics segment for three years, focusing on components like gear reducers and planetary gear reducers [6]. - The company has a strong client base and significant R&D experience, positioning it well in the domestic humanoid robotics market [6][7]. - The robotics segment is currently undervalued in the market, with potential for substantial growth [6][14]. Market Dynamics - The overall demand for high-pressure stone products is expected to grow significantly, driven by the needs of major battery manufacturers like 宁德时代 (CATL) [17][18]. - Despite some downward adjustments in domestic energy storage demand, the overall impact on Funing's operations is minimal, with a projected growth in battery demand [15][16]. Financial Performance - The company's revenue from hydraulic components is expected to reach approximately 3.6 billion RMB in 2024, aligning closely with the revenue from high-pressure stone products [8]. - The profitability metrics, including gross and net margins, have shown volatility due to fluctuations in the high-pressure stone segment, but recovery is anticipated as prices stabilize [9]. Future Outlook - Funing's strategy includes expanding its robotics capabilities and enhancing its product offerings in the EV sector, which are expected to contribute significantly to future revenue [10][26]. - The company is also exploring partnerships and joint ventures to strengthen its market position in robotics [12]. Valuation - The current market valuation of Funing is considered low compared to peers in the robotics sector, with potential for revaluation as the company continues to grow [27]. Additional Important Information - The company is actively working on cost reduction strategies, including upstream material sourcing to lower production costs [20][23]. - Funing's unique production methods for high-pressure products are expected to yield better quality and strength compared to competitors [21]. This summary encapsulates the key insights from the conference call, highlighting Funing's strategic focus, market positioning, and financial outlook.

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 证券代码：300432 证券简称：富临精工 公告编号：2025-005 富临精工股份有限公司 关于控股子公司通过国家高新技术企业认定的公告 特此公告。 富临精工股份有限公司 董事会 2025 年 2 月 11 日 富临精工股份有限公司（以下简称"公司"）控股子公司四川芯智热控技术 有限公司（以下简称"芯智热控"）于近日收到四川省科学技术厅、四川省财政 厅、国家税务总局四川省税务局批准核发的《高新技术企业证书》，证书编号： GR202451001487，有效期三年。 根据《中华人民共和国企业所得税法》及国家对高新技术企业税收优惠的相 关规定，芯智热控自获得高新技术企业认定起连续三年（2024年至2026年）可享 受高新技术企业所得税优惠政策，即按15%的税率缴纳企业所得税。 高新技术企业资格认定的通过是对芯智热控在技术研发和自主创新等方面 的肯定，有助于提升公司综合竞争力，对公司及控股子公司未来的经营发展将产 生积极影响。 ...

证券代码：300432 证券简称：富临精工 公告编号：2025-004 富临精工股份有限公司 关于签署《人形机器人应用项目投资合作协议》的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、协议签署概况 （一）协议签署背景 富临精工股份有限公司（以下简称"公司"）与上海智元新创技术有限公司 （以下简称"智元机器人"）、巨星新材料有限公司（以下简称"巨星新材料"）、 文宏杰、四川安努创想智能科技合伙企业（有限合伙）（以下简称"安努创想"）、 四川安努创和智能科技合伙企业（有限合伙）于2024年10月签订《人形机器人应 用项目合作框架协议》。各方本着平等互利、优势互补的原则，经友好协商，在 共同看好人形机器人应用项目赛道的基础上，投资组建项目公司，整合各方资源 开展项目建设。详见公司于2024年10月10日披露的《关于签署<人形机器人应用 项目合作框架协议>的公告》（公告编号：2024-059）。 （二）本次协议签署情况 为进一步发挥各自在产业领域的专业与资源优势，深化人形机器人应用项目 投资合作，公司与智元机器人、巨星新材料、文宏杰、安努创想经友好协商，签 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 22 CNY based on a 25x PE for 2025 [9]. Core Insights - The company is a leader in high-density lithium iron phosphate (LiFePO4) batteries, with a strong demand for its products and a stable growth trajectory in its automotive parts business [9]. - The report highlights the company's unique oxalic acid iron process, which provides significant advantages in product density and performance compared to competitors [9]. - The automotive parts segment is expected to grow rapidly, driven by partnerships with leading automotive manufacturers [9]. Summary by Sections Company Overview - The company specializes in automotive engine components, new energy vehicle intelligent control systems, and lithium iron phosphate cathode materials, being a pioneer in the oxalic acid iron technology route [12][17]. - The company has seen rapid growth in its lithium battery cathode materials business, with a significant increase in market share [18][21]. Lithium Iron Phosphate Market - The demand for lithium iron phosphate is expected to grow significantly, with a projected demand of 2.52 million tons in 2024, up 52% year-on-year, and 3.47 million tons in 2025 [30][32]. - The high-density products are in short supply, with only a few companies, including the report's subject, capable of meeting the demand [37]. Financial Performance - The company experienced rapid revenue growth from 2020 to 2022, but faced a decline in 2023 due to falling prices of lithium iron phosphate [21][23]. - The report forecasts a recovery in profitability, with net profits expected to reach 4.1 billion CNY in 2024, 10.8 billion CNY in 2025, and 15 billion CNY in 2026 [9][21]. Automotive Parts Business - The company holds a 20% market share in traditional automotive parts and is expanding its new energy components, with expected revenues of 50 billion CNY in 2025 [9][12]. - The report emphasizes the company's strong relationships with major automotive manufacturers, which will drive growth in this segment [9]. Robotics and Future Prospects - The company is also venturing into robotics, with a projected market potential of 150 to 250 billion CNY by 2035 [9][12]. - The report indicates that the company's strategic positioning in high-density lithium iron phosphate and automotive parts will provide a dual growth engine moving forward [9].