证券日报网讯1月29日，科达制造（600499）在互动平台回答投资者提问时表示，公司重组预案已披 露，公司股票亦已于今日复牌。 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [5]. Core Insights - The acquisition of a 51.55% stake in Tefu International is expected to significantly enhance the company's net profit attributable to shareholders, with Tefu's projected revenue for 2025 at 8.187 billion RMB and net profit at 1.474 billion RMB [3]. - The company plans to invest 94.72 million USD (approximately 660 million RMB) in a new float glass project in Ghana, which is expected to have a production capacity of 600 tons per day [3]. - The lithium segment is projected to benefit from rising lithium carbonate prices, with a forecasted unit profit recovery in 2026 [4]. Financial Projections - The company’s net profit attributable to shareholders is forecasted to be 1.554 billion RMB in 2025, 3.135 billion RMB in 2026, and 3.810 billion RMB in 2027, with corresponding P/E ratios of 18, 9, and 7 [5]. - Revenue is expected to grow from 9.696 billion RMB in 2023 to 22.342 billion RMB by 2027, reflecting a compound annual growth rate (CAGR) of approximately 12.06% [10]. - The net profit margin is projected to improve significantly, with a net profit growth rate of 54.41% in 2025 and 101.75% in 2026 [10].

Core Viewpoint - Keda Manufacturing is enhancing its overseas building materials business through a strategic acquisition of 51.55% of Guangdong Tefu International Holdings, aiming for full ownership and expansion of production capacity in West Africa, particularly in Ghana [1][2][3]. Group 1: Strategic Acquisition - Keda Manufacturing plans to acquire 51.55% of Tefu International, which operates its overseas building materials business, to gain full control and improve profitability [1][2]. - The acquisition aligns with Keda's strategy to strengthen its core competitiveness and capitalize on growth opportunities in the African market [3][6]. Group 2: Capacity Expansion - Keda is set to establish a new float glass production line in Ghana with a daily capacity of 600 tons, enhancing its competitive edge in the West African market [4]. - The project leverages existing local supply chains and management systems, reducing operational costs and facilitating resource sharing [4][5]. Group 3: Market Growth Potential - The African tile market has seen a production growth rate of 11% annually over the past decade, driven by rapid urbanization, which supports Keda's strategic initiatives [3]. - Keda's overseas building materials business is projected to achieve revenues of 8.187 billion yuan in 2025, reflecting a 73.57% year-on-year increase, with net profits expected to rise by 155.94% [3]. Group 4: Fair Pricing and Market Confidence - The acquisition price for Tefu International is set at 10.80 yuan per share, reflecting a fair valuation and demonstrating Keda's commitment to long-term asset value [6]. - The company is negotiating performance compensation agreements to further assure investors of its confidence in the future growth of its overseas building materials business [6].

Market Overview - The specialized equipment sector experienced a decline of 1.85% on January 29, with Zhejiang Mining leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Top Gainers in Specialized Equipment Sector - Keda Manufacturing (600499) saw a closing price of 16.26, with a significant increase of 10.01% and a trading volume of 562,100 shares [1] - Shandong Molong (002490) closed at 9.78, up 8.07%, with a trading volume of 1,401,500 shares and a transaction value of 1.315 billion [1] - New Meixing (300509) closed at 15.91, increasing by 6.28% with a trading volume of 299,000 shares [1] - Deshi Co., Ltd. (301158) closed at 26.83, up 6.09%, with a trading volume of 249,400 shares [1] - Zhanpeng Technology (603488) closed at 11.15, increasing by 5.89% with a trading volume of 297,100 shares [1] Top Losers in Specialized Equipment Sector - Zhejiang Mining (300837) closed at 56.40, down 12.41%, with a trading volume of 114,700 shares and a transaction value of 660 million [2] - Yunjiji Group (001288) closed at 37.27, down 8.72%, with a trading volume of 140,200 shares [2] - Lansi Heavy Industry (603169) closed at 10.34, down 8.09%, with a trading volume of 779,900 shares [2] - Chip Microelectronics (688630) closed at 173.70, down 8.00%, with a trading volume of 74,300 shares [2] - Hongming Co., Ltd. (301105) closed at 50.54, down 7.35%, with a trading volume of 17,400 shares [2] Capital Flow Analysis - The specialized equipment sector saw a net outflow of 2.408 billion from main funds, while speculative funds had a net inflow of 1.015 billion, and retail investors saw a net inflow of 1.393 billion [2] - Notable net inflows from main funds included Aerospace Engineering (603698) with 81.18 million and Keda Manufacturing (6600009) with 74.26 million [3] - Significant net outflows from retail investors were observed in Haomai Technology (002595) with -98.48 million and Keda Manufacturing (6600009) with -43.18 million [3]

2026.01. 29 本文字数：1325，阅读时长大约2分钟 作者 | 一财 阿驴 11:28 沪深两市成交额突破2万亿，较上一日此时放量近1000亿。 10:53 银行板块短线拉升，青岛银行涨停，齐鲁银行、渝农商行、成都银行、江阴银行、苏州银行跟 涨。 10:41 沪深两市成交额突破1.5万亿，较上一日此时放量近1000亿。 10:34 光伏设备板块震荡走高，钧达股份涨停，连城数控涨超10%，TCL中环、捷佳伟创、双良节 能、晶盛机电、高测股份跟涨。消息面上，工信部指出，推动光伏行业回归良性竞争、理性发展的轨 道。 10:22 有色金属持续跳水回吐盘初涨幅，新金路此前跌停，中钨高新、厦门钨业跌超8%，锡业股 份、湖南白银、兴业银锡纷纷跳水。 10:13 AI应用端持续走高，光云科技、因赛集团、人民网、引力传媒等多股涨停，流金科技、卓易信 息、天龙集团、蓝色光标、易点天下均涨超10%。 11:31 A股午盘丨创业板指冲高回落微跌 截至午盘，沪指跌0.1%，深成指涨0.01%，创业板指跌0.05%。科创综指跌0.91%，科创50指数跌 超1%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 ...

Core Viewpoint - Keda Manufacturing (600499.SH) has resumed trading, opening at a limit-up price of 16.26 yuan, reflecting a 10.01% increase following the announcement of a plan to acquire 51.55% of Guangdong Tefu International Holdings Co., Ltd. through a combination of share issuance and cash payment [1][2]. Group 1: Acquisition Details - The company currently holds a 48.45% stake in Tefu International, making it the controlling shareholder. Tefu International primarily operates in the overseas building materials sector, focusing on the production and sales of ceramic tiles, glass, and sanitary ware [2][4]. - The projected revenues for Tefu International are 471.65 million yuan for 2024 and 818.65 million yuan for 2025, with net profits expected to be 57.57 million yuan and 147.35 million yuan, respectively [2][4]. Group 2: Financial Overview - As of December 31, 2025, Tefu International's total assets are projected to be 901.95 million yuan, with total liabilities of 447.91 million yuan and owners' equity of 454.04 million yuan [4]. - Keda Manufacturing's revenue for the first nine months of 2025 is reported at 1.26 billion yuan, with a net profit of 183.22 million yuan. The company has experienced a decline in net profit over the past two years [7][8]. Group 3: Fundraising and Share Issuance - The transaction involves issuing shares and cash payments for asset acquisition, with the fundraising contingent on the successful implementation of the asset purchase. The share issuance price is set at 10.80 yuan per share, and the total amount raised will not exceed 100% of the asset purchase price [5][6]. - The funds raised will be allocated for cash payments related to the transaction, transaction taxes, intermediary fees, and to supplement working capital [6].

财务数据显示，科达制造2025年前三季度实现营业收入126.05亿元，归母净利润11.49亿元。回顾其过往 业绩，公司2022年至2024年的归母净利润分别为42.51亿元，20.92亿元和10.06亿元。另一方面，标的公 司特福国际表现亮眼，其2024年营业收入为47.17亿元，净利润5.76亿元；至2025年，营收已增长至 81.87亿元，净利润大幅提升至14.74亿元，资产总额也从74.66亿元增长至90.20亿元。 南方财经1月29日电，科达制造（600499.SH）于2026年1月28日披露关联交易预案，公司拟通过发行股 份及支付现金方式，收购森大集团等24名交易对方合计持有的特福国际51.55%股权；同时，公司拟向 不超过35名特定投资者发行股份募集配套资金。本次交易完成后，特福国际将由科达制造的控股子公司 变为其全资子公司。 ...

2026.01. 29 | | 16.26 +1.48 +10.01% | | | | 科达制造 1 立即 600499 交易 | | | --- | --- | --- | --- | --- | --- | --- | | | SSE CNY 9:25:04 交易中 查看L2全景 | | | | | 通 ■ ノ ○ + | | 委北 | 100.00% 委差 | 154053 | Wind ESG评级BB | | | 详情 | | 卖五 | | | रेस | 17.23% 120日 | | 48.09% | | 卖加 | | | 5日 | 10.01% 250日 | | 104.08% | | 英三 | | | 20日 | 19.03% 52周高 | | 15.20 | | 卖二 | | | 60日 | 35.73% 52周低 | | 6.92 | | 卖一 | | | | 2023 | 2024 | 2025Q3 | | 노 | 16.26 16.25 | 153565 457 | EbS BbS | 1.10 5.85 | 0.53 5.99 | 0.61 6.56 | | 买三 | 16.24 | ...

盘面上，贵金属板块持续走强，油气、基本金属板块再度上涨。AI应用、算力硬件、光伏、商业航天概念股回调。 沪指涨0.11%，深成指跌0.07%，创业板指跌0.03%。科创综指跌0.34%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | IMM | 4155.92 | 4.68 | 0.11% | | 399001 | 深证成指 | s | 14332.70 | -10.19 | -0.07% | | 399006 | 创业板指 | 1/2 | 3322.48 | -1.08 | -0.03% | | 000680 | 科创综指 | NN | 1874.22 | -6.35 | -0.34% | 盘面上，贵金属板块持续走强，四川黄金、湖南黄金、西部黄金等多股涨停；油气、基本金属板块再度上涨。AI应用、算力硬件、光伏、商业 航天概念股回调。 个股方面，科达制造复牌涨停，公司拟购买特福国际51.55%股份。 | | 16.26 +1.48 +10.01% | | | | 科达制造 1 ...

Group 1 - The core viewpoint of the news highlights significant projected profit increases for various companies in 2025, driven by rising production and sales in precious metals and advancements in technology sectors [1][3]. Group 2 - Xiaocheng Technology anticipates a net profit increase of 93%-179% year-on-year in 2025, with growth in gold production, sales, and international gold prices [1]. - Hunan Silver expects a net profit increase of 67.88%-126.78% in 2025, supported by rising silver and gold production and sales [3]. - Industrial Fulian projects a 56%-63% year-on-year increase in net profit for Q4 2025, with AI server revenue growth exceeding 50% quarter-on-quarter and over 5.5 times year-on-year [3]. - Keda Xunfei forecasts a net profit increase of 40%-70% in 2025, benefiting from the scaling of artificial intelligence applications [3]. - Albitex anticipates a net profit increase of 100.96% in 2025, primarily due to its focus on aerospace and expansion into the civilian market [3]. - Companies like Hainan Mining and Meixin Sheng are also making strategic acquisitions and investments to enhance their market positions [3].