公司本次申请银行综合授信是公司实现业务发展和正常经营所需。通过银行授 信的融资方式补充公司资金需求，有利于改善公司财务状况，增加公司经营实力， 促进公司业务发展，有利于全体股东的利益。 三、 会议审议情况 证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-003 无锡鼎邦换热设备股份有限公司 关于预计公司 2025 年度申请银行授信额度的公告 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 公司根据对 2025 年度实际经营状况的预测，公司及其控股子公司 2025 年度拟 向相关银行申请累计不超过人民币 3 亿元的综合授信额度，综合授信品种包括但不 限于：流动资金借款、项目贷款、开具银行承兑汇票、开具保函、开具信用证等业 务。授信银行、授信额度、授信方式等以公司及其控股子公司与相关银行签订的协 议为准，同时授权公司及其控股子公司总经理代表公司与银行机构签署上述授信融 资项下（包括但不限于授信、借款、担保、抵押等）的有关法律文件（包括但不限 于合同、协议、凭证等文件）。在办理上 ...

证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-002 无锡鼎邦换热设备股份有限公司 关于预计 2025 年日常性关联交易的公告 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、 日常性关联交易预计情况 （一） 预计情况 单位：元 | 关联交易类别 | 主要交易内容 | 预计 2025 | 年 | （2024）年与关联 | | 预计金额与上年实际发 | | --- | --- | --- | --- | --- | --- | --- | | | | 发生金额 | | 方实际发生金额 | | 生金额差异较大的原因 | | 购买原材料、 | 采购关联方商品 | 50,000,000 | | | 0 | 该日常性关联交易为本 | | 燃料和动力、 | | | | | | 年度新增，上年度未发 | | 接受劳务 | | | | | | 生 | | 销售产品、商 | 向关联方提供劳务 | 10,000,000 | | | 0 | 该日常性关联交易为本 | | 品、提供劳务 | | | | | ...

证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-006 无锡鼎邦换热设备股份有限公司 关于召开 2025 年第一次临时股东大会通知公告（提供网络投票） 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、会议召开基本情况 （一）股东大会届次 本次会议为 2025 年第一次临时股东大会。 经本公司第三届董事会第九次会议审议通过，决定召开公司 2025 年第一次 临时股东大会，本次股东大会会议召开符合有关法律、行政法规、部门规章、规 范性文件和《公司章程》的规定。 （三）会议召开的合法性、合规性 本次股东大会的召集、召开符合《公司法》等相关法律、法规及《公司章程》 的规定，会议合法有效。 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 （五）会议召开日期和时间 1、现场会议召开时间：2025 年 4 月 30 日 14：00。 2、网络投票起止时间：2025 年 4 月 29 日 15:00—2025 年 4 月 30 日 15:00。 （二）召集人 本次股东大会的召集人 ...

无锡鼎邦换热设备股份有限公司 第三届监事会第八次会议决议公告 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 证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-005 5.会议主持人：监事会主席潘佳先生 6.召开情况合法、合规、合章程性说明： 本次会议的召集、召开程序符合《公司法》等法律、法规、规章及《公司章 程》的规定，合法有效。 （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《关于预计 2025 年度日常性关联交易的议案》议案 1.议案内容： 具体内容详见公司于 2025 年 4 月 15 日在北京证券交易所信息披露平台 （www.bse.cn）披露的《关于预计 2025 年日常性关联交易的公告》（公告编号： 1.会议召开时间：2025 年 4 月 12 日 2.会议召开地点：公司会议室 3.会议召开方式：现场 4.发出监事会会议通知的时间和方式：2025 年 4 月 1 日 以书面 ...

（一）会议召开情况 1.会议召开时间：2025 年 4 月 12 日 2.会议召开地点：公司会议室 3.会议召开方式：现场 4.发出董事会会议通知的时间和方式：2025 年 4 月 1 日以书面方式发出 证券代码：872931 证券简称：无锡鼎邦 公告编号：2025-004 无锡鼎邦换热设备股份有限公司 第三届董事会第九次会议决议公告 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、会议召开和出席情况 5.会议主持人：董事长王仁良先生 6.会议列席人员：董事会秘书 7.召开情况合法、合规、合章程性说明： 本次董事会的召集、召开程序符合《公司法》等法律、法规、规章及《公司 章程》的规定，合法有效。 （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。 二、议案审议情况 （一）审议通过《关于预计 2025 年度日常性关联交易的议案》 3.回避表决情况： 关联董事王仁良、王凯、王丽萍回避表决 4.提交股东大会表决情况： 本议案尚需提交股东大会审议。 （二）审议通过《关于预计公司 202 ...

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [3] Core Views - The company is expected to achieve a revenue of 401 million yuan in 2024, a decrease of 8.55% year-on-year, with a net profit attributable to the parent company of 40 million yuan, down 14.00% year-on-year. The decline is attributed to the price drop of high-priced stainless steel products and oil slurry steam generators [3] - The company is well-positioned to benefit from the "reduce oil and increase chemical" policy, coupled with its accelerated expansion into overseas oil and chemical heat exchanger markets, maintaining an "Outperform" rating [3] Financial Summary - The company's total revenue for 2022 was 367 million yuan, with a year-on-year growth of 18.4%. The projected revenue for 2023 is 438 million yuan, a growth of 19.5%, followed by an expected decline to 401 million yuan in 2024 [6] - The net profit attributable to the parent company for 2022 was 40 million yuan, with a significant year-on-year increase of 103.2%. The forecast for 2024 is a net profit of 40 million yuan, reflecting a decrease of 14.0% [6] - The company's gross margin is projected to be 20.5% in 2024, down from 22.2% in 2022, while the net margin is expected to be 10.1% in 2024 [6] Market Trends - The domestic heat exchanger market is expected to grow from 900.2 billion yuan in 2023 to 992.1 billion yuan by 2026, with a compound annual growth rate (CAGR) of 3.29% [4] - The "reduce oil and increase chemical" policy is driving the demand for heat exchangers, as large refining enterprises are actively promoting integrated refining and chemical upgrades [4] Company Positioning - The company has extensive experience in petrochemical heat exchangers and has established itself as a qualified supplier for major global companies such as Shell, Saudi Aramco, and ExxonMobil, indicating a strong competitive position [5] - The company is accelerating its overseas expansion efforts, which are expected to become a new growth driver while maintaining its domestic business [5]

北交所信息更新 无锡鼎邦（872931.BJ） 2025 年 03 月 15 日 投资评级：增持（维持） | 日期 | 2025/3/14 | | --- | --- | | 当前股价(元) | 17.44 | | 一年最高最低(元) | 20.65/6.36 | | 总市值(亿元) | 16.38 | | 流通市值(亿元) | 5.02 | | 总股本(亿股) | 0.94 | | 流通股本(亿股) | 0.29 | | 近 3 个月换手率(%) | 375.26 | 北交所研究团队 公司加快海外油化换热器拓展步伐，成为多家全球油化龙头供应商 ——北交所信息更新 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 2024 快报预计营收 4.01 亿元（-8.55%），归母净利润 0.40 亿元（-14.00%） 公司发布 2024 年业绩快报，预计 2024 年公司实现营业收入 4.01 亿元，同比下 滑 8.55%；归母净利润为 0.40 亿元，同比下滑 14.00%；扣非净利润 0.39 亿元， 同比下滑 13.64%。受公司产品吨单价较高的不锈钢类产品及油 ...

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [3] Core Views - The company is expected to achieve a revenue of 401 million yuan in 2024, a decrease of 8.55% year-on-year, with a net profit attributable to the parent company of 40 million yuan, down 14.00% year-on-year. The profit forecasts for 2024-2026 have been revised downwards due to a decline in product prices [3][4] - The "Reduce Oil and Increase Chemical" policy is expected to boost demand for heat exchangers, driven by the concentration and large-scale development of domestic refineries [4] - The company has been deepening its expertise in petrochemical heat exchangers and is accelerating its overseas expansion, becoming a qualified supplier for several global oil and chemical giants [5] Financial Summary - The company's total revenue is projected to decline from 438 million yuan in 2023 to 401 million yuan in 2024, with a subsequent recovery to 442 million yuan in 2025 and 491 million yuan in 2026 [6] - The net profit attributable to the parent company is expected to remain at 40 million yuan in 2024, with a gradual increase to 45 million yuan in 2025 and 50 million yuan in 2026 [6] - The company's gross margin is projected to decrease from 21.4% in 2023 to 20.5% in 2024, with a slight recovery to 20.6% in 2025 and 20.8% in 2026 [6][12]

Financial Performance - The company's operating revenue for the reporting period was CNY 400,949,043.73, a decrease of 8.55% compared to the same period last year[3] - The total profit for the reporting period was CNY 45,019,316.54, down 15.02% year-on-year[3] - The net profit attributable to shareholders was CNY 40,477,076.23, reflecting a 14.00% decline compared to the previous year[3] - The basic earnings per share decreased to CNY 0.47, a drop of 34.72% year-on-year[3] Assets and Equity - Total assets at the end of the reporting period reached CNY 691,594,833.20, an increase of 15.52% from the beginning of the period[5] - Shareholders' equity attributable to the company increased by 95.95% to CNY 392,635,493.42[5] Business Operations - The company successfully delivered overseas orders during the reporting period, marking a breakthrough in its international business[6] - The decline in revenue was attributed to lower prices for stainless steel products and steam generators, alongside increased domestic market competition[6] - The company issued additional shares, increasing its share capital by 28.75 million shares during the reporting period[6] Financial Caution - The financial data presented is preliminary and has not been audited, cautioning investors about potential risks[7]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [1]. Core Viewpoints - The company, Wuxi Dingbang, has a solid order demand for oil slurry evaporators and is expanding its overseas presence, which opens up growth opportunities [8]. - The company has shown steady revenue growth, with a compound annual growth rate (CAGR) of 9.38% from 2019 to 2023, and a significant increase in net profit with a CAGR of 31.58% during the same period [21]. - The market for heat exchange equipment is expected to grow steadily, driven by energy-saving and emission reduction trends, particularly in the petrochemical sector [29]. Summary by Sections Company Overview - Wuxi Dingbang, established in 2003, specializes in the research, production, and sales of heat exchange equipment, primarily serving the petrochemical industry [11]. - The company has a stable customer base, including major domestic enterprises and international clients like Shell and ExxonMobil [8]. Market Dynamics - The heat exchange equipment market is projected to grow from CNY 810.50 billion in 2019 to CNY 992.1 billion by 2026, with a CAGR of 3.29% from 2023 to 2026 [35]. - The petrochemical sector accounts for approximately 30% of the total demand for heat exchange equipment, indicating a robust market for the company's products [36]. Product Demand and Growth Potential - The oil slurry evaporator is a key product with high demand, particularly in catalytic cracking processes, and has a higher profit margin compared to other heat exchangers [46]. - The company is actively expanding its production capacity, with plans to build a facility capable of producing 65,000 tons of heat exchangers and air coolers annually [49]. Financial Projections - The company is expected to achieve net profits of CNY 0.43 billion, CNY 0.54 billion, and CNY 0.62 billion for the years 2024, 2025, and 2026, respectively [8]. - The current price-to-earnings (P/E) ratio is projected to be 24.80, 19.62, and 17.08 for the years 2024, 2025, and 2026 [1].