Core Viewpoint - The report highlights the recovery of LITONG Technology's performance in Q1 2025, driven by increased orders for acid fracturing hose assemblies and a rebound in domestic demand for construction machinery [1][2]. Financial Performance - In 2024, the company reported operating revenue of 483.84 million yuan, a slight decrease of 0.32% year-on-year, and a net profit attributable to shareholders of 107.21 million yuan, down 19.82% year-on-year [1]. - For Q1 2025, the company achieved operating revenue of 124.26 million yuan, representing a year-on-year growth of 23.14%, and a net profit attributable to shareholders of 35.64 million yuan, up 86.13% year-on-year [1]. Product and Market Development - The company has seen an increase in orders for acid fracturing hose assemblies, contributing to a rise in gross margin to 43.26% in 2024, despite a decline of 4.58 percentage points from the previous year [2]. - The company has obtained API17K certification for its products, facilitating its expansion into the marine engineering hose market [3]. - Multiple new product developments have progressed, including 43 types of nuclear power hoses and a high-pressure food sterilization device, indicating a broadening of the company's product portfolio [4]. Future Growth Prospects - The company projects net profits of 125 million yuan, 144 million yuan, and 167 million yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 16.30%, 15.70%, and 16.10% [4]. - The market potential for the company's main products, including hydraulic rubber hoses and industrial hoses, is significant, with new product lines expected to contribute to future revenue growth [4].

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on April 29, 2025, via the "Investor Relations Interactive Platform" [3] - Key attendees included the Chairman and General Manager, Mr. Zhao Hongliang, and the Secretary of the Board, Mr. He Jun [3] Group 2: Company Performance and Strategy - The company has a low debt-to-asset ratio and sufficient production capacity to meet market demand without immediate external financing needs [4] - The company is exploring flexible marketing strategies for its high-value ultra-high pressure sterilization equipment, including installment payments and leasing options [5] Group 3: Product Development and Market Position - The company is actively working on replacing imported products in the shield tunneling machine market and is narrowing performance gaps with international competitors [6] - In 2024, the company completed trials for 43 types of nuclear power hoses, with plans for domestic production to replace imports [7] Group 4: Sales and Revenue Insights - In Q1 2025, sales of hydraulic hoses and assemblies increased significantly due to a recovery in the domestic engineering machinery market, with major clients including SANY and XCMG [8] - The acid fracturing hose business has seen record sales in Q1 2025, continuing the positive trend from Q4 2024 [9] Group 5: Financial Performance Analysis - The company's revenue for 2024 remained stable compared to 2023, but net profit declined by approximately 20% due to a decrease in high-margin product sales [10] - The company has become a primary supplier for China National Petroleum Corporation, with ongoing efforts to expand the domestic market for acid fracturing hoses [11] Group 6: Product Specifications and Manufacturing - The 300L ultra-high pressure sterilization equipment is fully domestically produced, with no reliance on imported key components [12]

Financial Performance - The company reported a basic earnings per share of 0.2800 yuan for Q1 2025, representing a 55.56% increase compared to 0.1800 yuan in Q1 2024 [1] - Net profit for Q1 2025 was 0.36 billion yuan, an increase of 89.47% from 0.19 billion yuan in Q1 2024 [1] - Operating revenue reached 1.24 billion yuan in Q1 2025, up 22.77% from 1.01 billion yuan in Q1 2024 [1] - The return on equity (ROE) improved to 5.15% in Q1 2025, a 61.44% increase from 3.19% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 28.8908 million shares, accounting for 34.91% of the circulating shares, with a change of 740,000 shares from the previous period [1] - Zhao Hongliang remains the largest shareholder with 858.31 million shares, representing 10.37% of total share capital [2] - New entrants to the top ten shareholders include Zhou Xingang and Kaiyuan Securities Co., Ltd., while Wu Yongqing and Li Ping have exited the list [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

1 漯河利通液压科技股份有限公司 2025 年第一季度报告 第一节 重要提示 证 券 简 称 证券代码 : 832225 公司董事、监事、高级管理人员保证本报告所载资料不存在虚假记载、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。 公司负责人赵洪亮、主管会计工作负责人杨国淦及会计机构负责人（会计主管人员）汪丹丹保证季 度报告中财务报告的真实、准确、完整。 本季度报告未经会计师事务所审计。 本季度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者及相关人士均应 对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 | 事项 | | 是或否 | | --- | --- | --- | | 是否存在公司董事、监事、高级管理人员对季度报告内容存在异议或无法保证其真实、 | □是 | √否 | | 准确、完整 | | | | 是否存在未出席董事会审议季度报告的董事 | □是 | √否 | | 是否存在未按要求披露的事项 | □是 | √否 | | 是否审计 | □是 | √否 | | 是否被出具非标准审计意见 | □是 | √否 | 2 第二节 公司基本情况 ...

会议的召开符合《公司法》等法律法规和《公司章程》《监事会议事规则》 中关于监事会召开的有关规定。 证券代码：832225 证券简称：利通科技 公告编号：2025-036 漯河利通液压科技股份有限公司 第四届监事会第十一次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 6.召开情况合法、合规、合章程性说明： 2.议案表决结果：同意 3 票；反对 0 票；弃权 0 票。 3.回避表决情况 无 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于<公司 2025 年第一季度报告>的议案》 1.议案内容： 公司 2025 年一季度报告的编制和审议程序符合法律、法规、《公司章程》和 公司内部管理制度的各项规定，报告的内容和格式真实、准确、完整，不存在虚 1.会议召开时间：2025 年 4 月 25 日 2.会议召开地点：公司会议室 3.会议召开方式：现场方式 4.发出监事会会议通知的时间和方式：2 ...

漯河利通液压科技股份有限公司 第四届董事会第十七次会议决议公告 证券代码：832225 证券简称：利通科技 公告编号：2025-035 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 4 月 25 日 2.会议召开地点：公司会议室 3.会议召开方式：现场与通讯相结合 4.发出董事会会议通知的时间和方式：2025 年 4 月 22 日以书面、通讯方式 发出 5.会议主持人：董事长赵洪亮先生 6.会议列席人员：监事、高级管理人员 7.召开情况合法、合规、合章程性说明： 会议的召开符合《公司法》等法律法规和《公司章程》《董事会议事规则》 中关于董事会召开的有关规定。 （二）会议出席情况 会议应出席董事 7 人，出席和授权出席董事 7 人。 董事赵永德、董治国因工作出差以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于<公司 2025 年第一季度报告>的议案》 1.议案内容： 公司 2025 年一季度报告的编制和审议程序符合法 ...

证券代码：832225 证券简称：利通科技 公告编号：2025-033 漯河利通液压科技股份有限公司 2024 年年度报告业绩说明会预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、 说明会类型 漯河利通液压科技股份有限公司（以下简称"公司"）《2024 年年度报告》（公 告编号：2025-010）已于 2025 年 4 月 14 日在北京证券交易所网站（www.bse.cn） 披露，为方便广大投资者更深入了解公司 2024 年年度经营业绩的具体情况，加 强与投资者的互动交流，公司拟召开 2024 年年度报告业绩说明会。 本次年度报告业绩说明会将采用网络远程的方式召开，投资者可登录全景网 "投资者关系互动平台"（https://ir.p5w.net）参与本次年度报告业绩说明会。 三、 参加人员 公司董事长兼总经理：赵洪亮先生 公司董事会秘书：何军先生 公司财务负责人：杨国淦先生 民生证券保荐代表人：张键先生 四、 投资者参加方式 本次说明会采用网络方式召开。 为充分尊重投资者、提升交流的针对 ...

Group 1 - In the past month (from March 23 to April 22), 18 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Minshida being the most notable, receiving attention from 139 institutions [1] - The types of institutions conducting the research included 17 brokerages, 14 funds, 13 private equity firms, 10 insurance companies, and 2 overseas institutions [1] - The companies that received the most institutional attention were Minshida, Yizhi Moyu, Litong Technology, and Audiwei, with 139, 137, 77, and 65 institutions participating in their investigations, respectively [1] Group 2 - The average stock price of the companies investigated by institutions increased by 16.14% over the past month, with notable increases from Yizhi Moyu (154.56%), Minshida (74.82%), and Jikang Instruments (28.51%) [2] - The average daily turnover rate for the investigated companies was 7.51%, with the highest rates recorded for Zhongke Meiling (17.38%), Minshida (16.18%), and Guohang Yuanyang (15.31%) [2] - As of April 22, the average market capitalization of all companies on the BSE was 2.89 billion yuan, while the average market capitalization of the investigated companies was 3.30 billion yuan, with Hualing Co., Minshida, and Fujida leading in market value [2]

Group 1 - In the past month (from March 22 to April 21), 17 companies listed on the Beijing Stock Exchange (BSE) received institutional research, with Minshida being the most notable, attracting 139 participating institutions [1] - The types of institutions conducting research include 16 brokerages, 13 funds, 12 private equity firms, 9 insurance companies, and 2 overseas institutions [1] - The companies that received the most attention were Minshida, Yizhi Moyu, Litong Technology, and Audiwei, with 139, 124, 77, and 65 participating institutions respectively [1] Group 2 - The average stock price of the companies that received institutional research increased by 18.31% over the past month, with notable gainers including Yizhi Moyu (up 148.08%), Minshida (up 87.63%), and Jikang Instruments (up 32.68%) [2] - The average daily turnover rate for the researched companies was 7.71%, with the highest rates recorded for Zhongke Meiling (16.91%), Minshida (16.01%), and Guohang Yuanyang (15.15%) [2] - As of April 21, the average market capitalization of all companies on the BSE was 2.916 billion yuan, while the average market capitalization of the researched companies was 3.461 billion yuan, with Minshida, Hualing Co., and Fujida leading in market value [2]

民生证券股份有限公司 关于漯河利通液压科技股份有限公司 向不特定合格投资者公开发行股票之保荐工作总结报告书 经中国证券监督管理委员会《关于核准漯河利通液压科技股份有限公司向不 特定合格投资者公开发行股票的批复》（证监许可〔2021〕184 号），漯河利通液 压科技股份有限公司（以下简称"利通科技"、"发行人"或"公司"）获准向不 特定合格投资者公开发行新股不超过 1,733.3334 万股（含行使超额配售选择权所 发新股）。公司于 2021 年 3 月 26 日完成公开发行新股事宜（含超额配售选择权 的实施），共计发行新股 15,798,555 股，发行价格为 6.60 元/股。本次公开发行募 集资金总金额为人民币 10,427.05 万元，扣除发行费用（不含税）金额为 1,160.43 万元，募集资金净额为 9,266.62 万元。本次发行证券已于 2021 年 2 月 25 日在全 国中小企业股份转让系统精选层挂牌（北京证券交易所成立后于 2021 年 11 月 15 日平移至北京证券交易所上市交易）。民生证券股份有限公司（以下简称"保 荐机构"或"民生证券"）担任其持续督导保荐机构，持续督导期间为 20 ...