南方财经1月30日电，据央视财经，1月30日上午，由中船集团沪东中华自主研发建造的17.4万立方米大 型LNG运输船"天山"轮在边检机关等口岸单位的保障下，于上海长兴岛沪东中华码头顺利交付。这条船 配备了全球领先的液货围护系统，能够在零下163℃的低温下装载液化天然气安全航行。我国作为天然 气进口大国，除管道运输外，巨量天然气的运输大多要依靠这类"海上超级冷冻车"——它可通过低温液 化高效运输，单次运输量能满足330万个家庭一个月的用气需求。我国已具备该船型的自主研发建造能 力，大型LNG运输船与大型邮轮、航空母舰并称为船舶工业造船领域"皇冠上的三颗明珠"。 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company, China Shipbuilding, has announced a profit forecast for 2025, expecting a net profit attributable to shareholders of 7 to 8.4 billion yuan, representing a year-on-year growth of 66% to 99%. The profit forecast aligns with expectations, considering the calculation method used [4] - The company is set to complete its merger with China Shipbuilding Industry Corporation by September 2025, which is factored into the profit calculations [4] - The report highlights an upward trend in the oil and bulk shipping market, with container ship demand being underestimated, indicating strong downstream demand for shipbuilding [6] - The second-hand ship price index has risen for 11 consecutive months, and new ship prices have stabilized, suggesting a potential recovery in the shipbuilding market [6] - The report notes that the company has a current order backlog valued at approximately 61.3 billion USD, with a price-to-order ratio of only 0.61, indicating significant upside potential if new ship prices continue to rise [6] Financial Data and Earnings Forecast - The total revenue for 2025 is projected to be 143.564 billion yuan, with a year-on-year growth rate of 82.7% [5] - The net profit attributable to shareholders for 2025 is estimated at 7.71 billion yuan, reflecting a 113.3% increase compared to the previous year [5] - Earnings per share for 2025 is forecasted to be 1.02 yuan, with a projected price-to-earnings ratio of 34 [5] - The gross profit margin is expected to improve from 10.2% in 2024 to 15.6% in 2025 [5]

业绩简评 2026 年 1 月 29 日，公司发布 2025 年业绩预告，公司预计 2025 年 实现归母净利润 70-84 亿元，与上年同期（按合并完成后重述口 径）相比，增加 27.8-41.8 亿元，同比增加约 65.89%至 99.07%， 业绩显著改善。 经营分析 行业基本面近期边际改善，新造船价格回升，中国造船全球份额 提升。根据克拉克森，2025 年 12 月全球新船价格指数达 184.65， 环比+0.17%，是 25 年 7 月份以来首次实现月度环比提升。此外， 从订单量上看，25 年 12 月全球新接订单 2488.5 万 DWT，中国新 接订单 2153.3 万 DWT，新接订单全球份额达 86.5%，环比 11 月提 升 20.1pcts，中国造船竞争力提升。 行业周期持续上行，公司订单饱满，叠加前期高价船陆续交付，看 好公司未来利润率持续提升。我们认为本轮船舶周期仍处于上行 阶段，全球造船产能供不应求，同时叠加 2025 年低基数因素，2026 年全球造船订单有望实现量价齐升。公司作为全球造船龙头，在手 订单充足。2025 年 12 月 8 日，公司实际控制人中国船舶集团与中 国远洋 ...

【隔夜行情】 •周四（2026年1月29日），A股市场三大指数涨跌不一，截至收盘，沪指报4157.98点，涨0.16%；深证 成指报14300.08点，跌0.3%；创业板指报3304.51点，跌0.57%。总体来看，个股跌多涨少，下跌个股超 3500只。沪深两市全天成交额3.23万亿元，较上个交易日放量2600亿元。 【中国银行：调整白银延期合约业务参数 保证金比例由48.26%调整为50.80%】1月29日，为保护投资者 权益，防范市场风险，根据上海黄金交易所（简称"上金所"）发布的《关于调整白银延期合约保证金水 平和涨跌停板的通知》，中国银行将对代理个人上金所业务项下白银延期合约的交易保证金比例、涨跌 幅度限制进行相应调整。具体如下：自2026年1月30日（星期五）收盘清算时起，上金所白银延期合约 保证金比例从19%调整为20%，中国银行白银延期合约客户保证金比例由48.26%调整为50.80%，上金所 下一交易日（1月30日20:00）起涨跌幅度限制从18%调整为19%。请您做好风险防范工作，提高风险意 识，合理控制仓位，理性投资。 新股申购： 电科蓝天，科创板证券代码688818，发行价格9.47元/ ...

Group 1: Key Insights from the Reports - The report on the banking industry indicates that 2026 is expected to be a year where the fundamentals of banks improve, with revenue pressure less than in 2025 and a stronger elasticity of revenue improvement compared to profit [13] - The banking sector is anticipated to experience a shift from a focus on liquidity to a focus on fundamentals, with expectations of economic recovery and a more favorable environment for growth premiums [13] - The report highlights that credit demand is expected to remain stable, but the structure of demand needs optimization, with state-owned banks and quality regional city commercial banks likely to perform better [13] Group 2: Industry Performance and Trends - The metal and new materials industry report notes a significant increase in metal prices due to geopolitical tensions, with precious metals rising by 18.46% and aluminum by 4.16% in the recent week [5][16] - The report emphasizes that the copper market is expected to remain strong due to increased investment in power grids and AI data centers, with a projected price increase [15] - The report on Anta Sports highlights the acquisition of a 29% stake in PUMA, which is seen as a strategic move to enhance its global multi-brand strategy, with the transaction valued at approximately 15 billion euros [19] Group 3: Company-Specific Developments - China Shipbuilding's earnings forecast for 2025 indicates a significant increase in net profit, expected to be between 7 billion to 8.4 billion yuan, driven by rising demand in the shipbuilding sector [21] - New Oriental's revenue for the second quarter of FY26 reached 1.191 billion USD, reflecting a year-on-year growth of 14.7%, with a notable improvement in operating profit margins [22] - Dongfang Zhenxuan reported a revenue increase of 5.7% in the first half of FY26, driven by self-operated product sales and improved profit margins [24]

Core Insights - The article highlights significant profit forecasts for various companies in 2025, indicating a trend of recovery and growth across multiple sectors, with some companies projecting substantial increases in net profit compared to the previous year. Company Performance Forecasts - **Beimo High-Tech**: Expected net profit for 2025 is between 190 million to 220 million yuan, a year-on-year increase of 1076.16% to 1261.87% [2] - **Jiangfeng Electronics**: Plans to acquire control of Kaide Quartz, with stock suspension starting January 30 [3] - **ST Aowei**: Received a notice of termination of listing due to market capitalization falling below 500 million yuan for 20 consecutive trading days [4] - **GaoDe Infrared**: Forecasted net profit of 700 million to 900 million yuan for 2025, recovering from a loss of 447 million yuan in the previous year [6] - **Bingchuan Network**: Expected net profit of 436 million to 516 million yuan, recovering from a loss of 247 million yuan [6] - **BlueFocus**: Anticipated net profit of 180 million to 220 million yuan, recovering from a loss of 291 million yuan [7] - **Godewei**: Projected net profit of 125 million to 162 million yuan, turning from loss to profit [6] - **Zhongyida**: Expected net profit of 51.23 million yuan, recovering from a loss [8] - **Helin Micro-Nano**: Forecasted net profit of 26 million to 33 million yuan, turning from loss to profit [8] - **Zhongke Sanhuan**: Expected net profit of 80 million to 120 million yuan, a year-on-year increase of 566.23% to 899.35% [9] - **Beilu Pharmaceutical**: Projected net profit of 87 million to 130 million yuan, a year-on-year increase of 537.28% to 852.26% [9] - **Light Media**: Expected net profit of 1.5 billion to 1.9 billion yuan, a year-on-year increase of 413.67% to 550.66% [9] - **Zhezhong Co.**: Forecasted net profit of 360 million to 500 million yuan, a year-on-year increase of 392.14% to 583.53% [10] - **Hailanxin**: Expected net profit of 40 million to 60 million yuan, a year-on-year increase of 387.47% to 631.2% [10] - **Jin Control Power**: Projected net profit of 155 million to 195 million yuan, a year-on-year increase of 383.21% to 507.9% [11] - **Century Huatong**: Expected net profit of 5.55 billion to 6.98 billion yuan, a year-on-year increase of 357.47% to 475.34% [12] - **Chunxue Food**: Forecasted net profit of 36 million to 43 million yuan, a year-on-year increase of 340.90% to 426.63% [13] - **Shirong Zhaoye**: Expected net profit of 126 million to 186 million yuan, a year-on-year increase of 236.77% to 397.13% [13] - **Ningbo Yunsheng**: Projected net profit of 280 million to 380 million yuan, a year-on-year increase of 194.49% to 299.67% [14] - **Jiangbolong**: Expected net profit of 1.25 billion to 1.55 billion yuan, a year-on-year increase of 150.66% to 210.82% [16] - **China Shipbuilding**: Forecasted net profit of 7 billion to 8.4 billion yuan, a year-on-year increase of 65.89% to 99.07% [17] Fundraising and Restructuring - **Beijing Lier**: Plans to raise no more than 1.034 billion yuan through a private placement [21] - **Tongfei Co.**: Plans to raise no more than 1.2 billion yuan through a private placement [21] - **Muxi Co.**: Plans to provide up to 200 million yuan in loans to its subsidiary for GPU development [23] - **Wanhua High-Tech**: Haihua Group will become an indirect controlling shareholder through a cash increase of 4.998 billion yuan [23]

1月29日，中国船舶集团有限公司召开2026年审计工作会议。中船集团党组书记、董事长徐鹏出席会议并讲话。中船集团党组成员、总会计师朱永红主持会 议，作2026年审计工作报告并宣读2025年度中船集团审计工作先进个人表彰决定。派驻中国船舶纪检监察组组长、党组成员彭宏传达了全国审计工作会议精 神。 徐鹏指出，2025年，中船集团全面贯彻习近平总书记关于审计工作的重要指示批示精神，围绕中船集团改革发展中心任务，在促进政策落实、规范权力运 行、防范化解风险、推动提质增效等方面发挥了价值创造作用，审计体制机制改革取得重要进展，审计全覆盖迈出坚实步伐，审计整改落实工作形成有效机 制，审计队伍能力建设得到进一步提升。 | 记 者：刘 畅 | 责 编：周 芒 | 一 审：高红梅 | 二 审：项 丽 | 三 审：甘丰录 | 来 源：中船集团新闻宣传中心/中国船舶报社 徐鹏强调，要提高政治站位，牢牢把握新时代审计工作的战略定位和根本遵循，深刻认识到审计工作必须坚持和加强党的领导、必须聚焦主责主业服务大 局、必须坚持依法审计与实事求是，以高质量审计监督质效推动中船集团高质量可持续发展。要深刻认清当前面临的新形势新要求，推动审计工作 ...

Group 1 - Silvercorp's revenue from gold and silver products accounts for a low proportion of total operating income [1] - ST Cube has repeatedly triggered abnormal stock trading fluctuations and is under suspension for verification [1] - Xizi Energy plans to invest 100 million yuan to establish an equity investment fund focusing on computing power, energy, AI, and embodied intelligence industries [1] Group 2 - ST Songfa has signed contracts for two 30.6 million ton VLCC super-large crude oil transport ships [1] - Jiangfeng Electronics intends to acquire control of Kaide Quartz for cash and will suspend trading from January 30 [1] - Jiangbolong expects a net profit growth of 150.66% to 210.82% year-on-year for 2025 [1] Group 3 - Hengyuan Coal Power plans to repurchase shares worth 200 million to 250 million yuan [1] - Jintian Co., Ltd. intends to increase its holdings by 50 million to 100 million yuan [1] - Beijing Lier plans to raise no more than 1.034 billion yuan through a private placement [1][2]

Major Announcements - China Gold announced that its stock trading shows signs of market sentiment overheating, which may lead to a risk of short-term declines after significant price increases. The company's P/E ratio is 55.63, significantly higher than the industry median of 28.60 [1] - Zhaojin Mining stated that the prices of its gold and gold concentrate products are highly influenced by fluctuations in gold prices, which could significantly impact its operating performance if gold prices experience large swings [2] - Silver (Core Stock) Nonferrous reported that the revenue from its gold and silver products constitutes a low proportion of total operating income, with gold product sales accounting for 18.67% and silver product sales for 4.54% of total revenue [3] Company-Specific Risks - Hunan Silver (Core Stock) indicated that it has a relatively low amount of proven metal resources compared to industry peers, which poses a resource reserve risk. The company also faces risks from silver price fluctuations and has a low gross margin of 6.54% compared to mining companies [4] - TianShun Wind Energy decided to implement a long-term shutdown of six wholly-owned subsidiaries due to increasing market competition, aiming to optimize resource allocation and focus on core businesses like offshore wind power [5] - Qidi Environment expects a negative net asset value by the end of 2025, which may lead to a risk warning for its stock trading if the audited net assets are confirmed to be negative [6] Performance Forecasts - BlueFocus anticipates a net profit of 1.8 billion to 2.2 billion yuan for 2025, benefiting from growth in overseas business and improved credit management [12] - Shengyi Technology expects a net profit of 3.25 billion to 3.45 billion yuan for 2025, representing a year-on-year increase of 87% to 98% due to rising sales of copper-clad laminates [13] - Sichuan Gold forecasts a net profit of 420 million to 480 million yuan for 2025, up 69.23% to 93.4% year-on-year, driven by increased sales volume and rising gold prices [14] - Dongfang Communication predicts a net profit of approximately 360 million yuan for 2025, a year-on-year increase of about 138.5%, primarily due to significant investment gains from the disposal of financial assets [15] Other Notable Announcements - Yunnan Copper confirmed that its production and operations are normal, with no undisclosed significant matters, despite its stock experiencing a 20% price fluctuation [9] - Liou Co. reported that its operations are normal, with no undisclosed significant matters, and its stock has also seen a significant price fluctuation [10] - Guosheng Securities expects a net profit of 210 million to 280 million yuan for 2025, reflecting a year-on-year increase of 25.44% to 67.25% due to robust business development [29]

公司预计2025年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在53亿元至67亿元之间，与 上年同期(按合并完成后重述口径)相比，增加22.28亿元至36.28亿元之间，同比增加约72.53%至 118.11%；与上年同期(中国船舶)相比，增加22.28亿元至36.28亿元之间，同比增加约72.53%至 118.11%。 本期业绩预增的主要原因：报告期内，公司聚焦主责主业，发挥主建船型批量建造优势，深化成本管 控，强化精益管理，突出价值创造，着力提升效率效益；公司手持订单结构升级优化，交付的高附加值 船型占比及同型产品价格同比均有所增加，主建船型建造周期持续缩短，生产建造效率不断提升，经营 业绩同比提升；联营企业的经营业绩持续改善。受上述因素影响，公司本期业绩预增。 格隆汇1月29日丨中国船舶(600150.SH)公布，公司预计2025年年度实现归属于母公司所有者的净利润在 70亿元至84亿元之间，与上年同期(按合并完成后重述口径)相比，增加27.80亿元至41.80亿元之间，同 比增加约65.89%至99.07%；与上年同期(中国船舶)相比，增加33.86亿元至47.86亿元之间，同比增加约 93. ...