Investment Rating - The report assigns an "Accumulate" rating for the company, Wuxi Dingbang Heat Exchange Equipment Co., Ltd. [2] Core Viewpoints - Wuxi Dingbang specializes in heat exchange equipment for the petrochemical sector and has been recognized as a national-level "specialized and innovative" small giant enterprise. The company emphasizes technological innovation and has a strong market position in the heat exchange equipment industry [2][15]. - The domestic heat exchange equipment market is expected to grow steadily, with a projected compound annual growth rate (CAGR) of 3.29%, increasing from 90.02 billion yuan in 2023 to 99.21 billion yuan by 2026 [2][55]. - The company has a robust competitive edge due to its extensive experience, strong R&D capabilities, and a well-recognized product line that meets both domestic and international standards [2][3]. Summary by Sections Company Overview - Wuxi Dingbang was established in 2003 and focuses on manufacturing heat exchange equipment primarily for the petrochemical industry. The company has received accolades for its commitment to quality and innovation [15][18]. Industry Overview - The heat exchange equipment industry is crucial for energy efficiency in various sectors, including petrochemicals, power generation, and metallurgy. The demand for heat exchange equipment is particularly high in the petrochemical industry, which accounts for approximately 30% of the market demand [55][62]. Market Competitiveness - Wuxi Dingbang has maintained a strong market position through continuous technological advancements and a dedicated R&D team. The company’s products are recognized for their quality and reliability in high-temperature and toxic environments [2][3][35]. Financial Forecast and Valuation - The company’s revenue is projected to grow from 467.05 million yuan in 2024 to 525.64 million yuan in 2026, with net profit expected to increase from 46.31 million yuan to 61.56 million yuan during the same period. The report estimates a P/E ratio of 26.97 for 2024, decreasing to 20.29 by 2026 [3][4]. Investment Projects - The company plans to utilize the proceeds from its IPO for two main projects: expanding production capacity for heat exchangers and air coolers, and establishing a research and development center to enhance its technological capabilities [51][54].

Investment Rating - The report assigns an "Accumulate" rating for the company, Wuxi Dingbang Heat Exchange Equipment Co., Ltd. [2] Core Viewpoints - Wuxi Dingbang specializes in heat exchange equipment for the petrochemical sector and has been recognized as a "Little Giant" enterprise by the state for its technical innovation capabilities [2][16]. - The domestic heat exchange equipment market is expected to grow steadily, with a projected compound annual growth rate (CAGR) of 3.29%, increasing from 90.02 billion yuan in 2023 to 99.21 billion yuan by 2026 [2]. - The company has a strong competitive position in the market due to its focus on innovation and a well-established R&D team, which has developed proprietary technologies and products that meet both domestic and international standards [2][3]. - The company's products are widely recognized by both domestic and foreign clients, providing energy-efficient and stable solutions for various operational conditions, including extreme temperatures and toxic environments [2][3]. Summary by Sections Company Overview - Wuxi Dingbang was established in 2003 and focuses on the research and sales of heat exchange equipment, primarily serving the petrochemical industry [16][18]. - The company has a strong organizational structure, with a major shareholder holding 68.72% of the shares, and a management team with extensive industry experience [27][29]. Industry Overview - The heat exchange equipment industry is crucial for energy efficiency in various sectors, including petrochemicals, power generation, and metallurgy [55][62]. - The demand for heat exchange equipment is particularly high in the petrochemical sector, which accounts for approximately 30% of the market demand [57][62]. Financial Forecast and Valuation - The company is expected to achieve revenues of 467.05 million yuan, 501.12 million yuan, and 525.64 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding net profits of 46.31 million yuan, 58.09 million yuan, and 61.56 million yuan [3]. - The report estimates the price-to-earnings (P/E) ratios for 2024, 2025, and 2026 to be 26.97, 21.50, and 20.29, respectively, indicating a favorable valuation compared to industry peers [2][3].

证券代码：872931 证券简称：无锡鼎邦 公告编号：2024-114 无锡鼎邦换热设备股份有限公司 关于完成工商变更登记并取得营业执照的公告 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、基本情况 目前，公司已完成相应的工商变更登记及《公司章程》备案手续，并于 2024 年 11 月 29 日取得无锡市数据局核发的《营业执照》。 本次变更后的工商登记基 本信息如下： 统一社会信用代码：91320205744844636B 名称：无锡鼎邦换热设备股份有限公司 注册资本：9,393 万元整 类型：股份有限公司（上市、自然人投资或控股） 法定代表人：王仁良 成立日期：2003 年 01 月 27 日 住所： 无锡市锡山区安镇镇吼山南路 29 号 无锡鼎邦换热设备股份有限公司（以下简称"公司"）于 2024 年 5 月 28 日 召开第三届董事会第四次会议、2024 年 6 月 26 日召开 2024 年第二次临时股东 大会，审议通过了《关于拟修订公司章程的议案》，具体内容详见于 2024 年 5 月 ...

证券代码：872931 证券简称：无锡鼎邦 公告编号：2024-114 无锡鼎邦换热设备股份有限公司 关于完成工商变更登记并取得营业执照的公告 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、基本情况 无锡鼎邦换热设备股份有限公司（以下简称"公司"）于 2024 年 5 月 28 日 召开第三届董事会第四次会议、2024 年 6 月 26 日召开 2024 年第二次临时股东 大会，审议通过了《关于拟修订公司章程的议案》，具体内容详见于 2024 年 5 月 28 日在北京证券交易所指定信息披露平台（https://www.bse.cn）披露的《拟 修订〈公司章程〉公告》（公告编号：2024-086）及 2024 年 6 月 27 日披露的《公 司章程》（公告编号：2024-103）。 二、 工商变更登记及公司章程备案情况 目前，公司已完成相应的工商变更登记及《公司章程》备案手续，并于 2024 年 11 月 29 日取得无锡市数据局核发的《营业执照》。 本次变更后的工商登记基 本信息如下： 统一社会 ...

| | 公告日期 | 2024-11-21 异常期间 无 | | | | --- | --- | --- | --- | --- | | | 无锡鼎邦(872931) 16708869.0 | 成交数量 连续竞价 | 成交金额（万 | 30131.05 | | | | （股） | 元） | | | | 涉及事项 | 当日换手率达到20%的前5只股票 | | | | 买/卖 | | 营业部或交易单元名称 | 买入金额（元） | 卖出金额（元） | | 买1 | | 招商证券股份有限公司北京朝外大街证券营业部 | 10304387.39 | 48440 | | 买2 | | 东方财富证券股份有限公司拉萨团结路第一证券营业部 | 9042102.5 | 606502.07 | | 买3 | | 东吴证券股份有限公司苏州西北街二部营业部 | 6301613.87 | 4306391.71 | | 买4 | | 东方证券股份有限公司宁波天童北路证券营业部 | 5305516.61 | 0 | | 买5 | | 国泰君安证券股份有限公司广东广州珠江新城营业部 | 5074251.99 | 2016375.84 | | 卖 ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 异常期间涨跌幅偏离值累计 | 2024-11- | 驰诚股份 | 834407 | 12758074.0 | 31120.99 | 21 | 达到64.42% | | 异常期间涨跌幅偏离值累计 | 2024-11- | 汉维科技 | 836957 | 18560515.0 | 31327.14 | 21 | 达到64.38% | | 异常期间涨跌幅偏离值累计 | 2024-11- | 辰光医疗 | 430300 | 34341881.0 | 51694.43 | 21 | 达到50.02% | | 异常期间涨跌幅偏离值累计 | 2024-11- | 迪尔化工 | 831304 | 59186787.0 | 102393.94 | 21 | 达到48.44% | | 2024-11- | 当日收盘价涨幅达到29.99% | 汉维科技 | 836957 | 11906412.0 | 21939.34 | 21 | ...

| | 公告日期 2024-11-20 无 | 异常期间 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | 无锡鼎邦(872931) 连续竞价 | 成交数量 | 15014435.0 | 成交金额（万 | | 24729.71 | | | | （股） | | 元） | | | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | | 买1 | 国泰君安证券股份有限公司广东广州珠江新城营业部 | | | 17441942.22 | | 0 | | 买2 | 东亚前海证券有限责任公司苏州留园路营业部 | | | 11756304.45 | | 0 | | 买3 | 中信建投证券股份有限公司厦门杏东路证券营业部 | | | 7095662.43 | | 1065354.69 | | 买4 | 东方证券股份有限公司汕头长平路营业部 | | | 6722284.52 | | 0 | | 买5 | 东吴证券股份有限公司苏州西北街二部营业部 | ...

| | 2024-11-20 公告日期 无 | 异常期间 | | | | | --- | --- | --- | --- | --- | --- | | | 无锡鼎邦(872931) 连续竞价 | 成交数量 （股） | 15014435.0 | 成交金额（万 元） | 24729.71 | | | 涉及事项 当日收盘价涨幅达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 国泰君安证券股份有限公司广东广州珠江新城营业部 | | | 17441942.22 | 0 | | 买2 | 东亚前海证券有限责任公司苏州留园路营业部 | | | 11756304.45 | 0 | | 买3 | 中信建投证券股份有限公司厦门杏东路证券营业部 | | | 7095662.43 | 1065354.69 | | 买4 | 东方证券股份有限公司汕头长平路营业部 | | | 6722284.52 | 0 | | 买5 | 东吴证券股份有限公司苏州西北街二部营业部 | | | 6627797.53 | 0 | | 卖1 | 中国银河证券股 ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-11- | 873152 | 天宏锂电 | 51790931.0 | 102417.22 | 异常期间涨跌幅偏离值累计 | | 20 | | | | | 达到64.88% | | 2024-11- | | | | | 异常期间涨跌幅偏离值累计 | | | 834475 | 三友科技 | 49586703.0 | 119276.49 | | | 20 | | | | | 达到64.14% | | 2024-11- | 872931 | 无锡鼎邦 | 15014435.0 | 24729.71 | 当日收盘价涨幅达到30.00% | | 20 | | | | | | | 2024-11- | | | 17949169.0 | 44547.45 | 当日收盘价涨幅达到30.00% | | 20 | 834475 | 三友科技 | | | | | 2024-11- | 833284 | 灵鸽科技 | 26275418.0 | 50432.8 ...

Group 1 - The stock of Wuxi Dingbang (872931) reached the daily limit, with a trading volume of 2.47 billion yuan and a turnover rate of 52.18% [1] - The stock experienced a price fluctuation of 32.90% throughout the trading day [1] - The stock was listed on the North Exchange's daily trading report due to a price increase of 30.00% and a turnover rate of 52.18% [2] Group 2 - The top five trading departments recorded a total transaction amount of 1.09 billion yuan, with a buying amount of 51.78 million yuan and a selling amount of 57.22 million yuan, resulting in a net sell of 543.03 thousand yuan [2] - The total net selling by trading departments amounted to 543.03 thousand yuan [2]