证券代码：601686 证券简称：友发集团 公告编号：2025-113 债券代码：113058 转债简称：友发转债 天津友发钢管集团股份有限公司 一、说明会基本情况 1、 会议主题：天津友发钢管集团股份有限公司 2025 年第三季度网上业绩说明会； 2、 会议时间：2025 年 10 月 27 日上午 10:00-11:00； 3、 召开方式：上证路演中心网络互动； 二、本次说明会投资者提出的主要问题及公司答复情况 公司在本次说明会上，针对投资者关心的公司行业情况、经营业绩、发展战略、研发费 用等内容，与广大投资者互动交流，在信息披露允许的范围内就投资者普遍关注的问题进行 了现场回答，具体如下： 问题 1：十五五对战略新兴产业的规划比较多，公司有新产品的研发投入上，有哪些具 体的规划向这些产业靠笼 关于 2025 年第三季度网上业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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。 天津友发钢管集团股份有限公司（以下简称为 "公司" ）于 2025 年 10 月 27 日 10:00-11:00 通过上 ...

10月27日，钢铁板块震荡走高，常宝股份、新兴铸管涨停，中信特钢涨超7%，友发集团、金洲管道、 首钢股份、包钢股份、太钢不锈等涨幅居前。 ...

长江商报消息 ●长江商报记者 汪静 10月23日晚间，友发集团（601686.SH）发布第三季度报告。报告显示，前三季度，公司营业收入379.9 亿元，同比下降5.19%；净利润5.02亿元，同比增长399.25%。 三季报显示，友发集团净利润大幅度增长主要得益于报告期内销量及产品毛利率的同比增长。 长江商报记者注意到，友发集团为国内焊管行业龙头。2025年1—6月，公司销售各类钢管654.77万吨， 同比增加4.18%。半年报显示，友发集团焊接钢管产销量已连续19年稳居全国第一。 在国内市场，友发集团已经形成天津、河北唐山、河北邯郸、陕西韩城、江苏溧阳、辽宁葫芦岛、云南 玉溪、安徽临泉8个生产基地，并正在建设四川成都和河南鄢陵2个基地，旗下14个钢管制造专业分、子 公司拥有346条生产线。 同时，友发集团产品销往全国各地，并远销北美洲、南美洲、欧洲、非洲、大洋洲、中东、东南亚等 100多个国家和地区。产品广泛使用于供水、排水、供气、供热、消防工程、钢结构、建筑工程、装备 制造等领域。 前三季净利大幅增长 2020年12月，友发集团在沪市主板上市。 上市首年，友发集团的盈利能力达到最高峰。当期公司实现营业收入 ...

南方财经10月27日电，钢铁板块持续走强，新兴铸管涨停，常宝股份、友发集团、中信特钢、河钢资 源、马钢股份、钒钛股份等跟涨。 ...

Core Viewpoint - The A-share market shows a positive trend in the third quarter of 2025, with significant revenue and profit growth among listed companies, particularly in the technology and non-ferrous metal sectors, driven by macroeconomic stability and favorable policies [3][5][8]. Group 1: Overall Performance - As of October 26, 2025, 1,096 A-share companies have disclosed their Q3 reports, with a disclosure rate of approximately 20%. Among these, 693 companies reported year-on-year revenue growth, and 882 companies achieved net profit growth attributable to shareholders, with respective proportions of 63.22% and 80.5% [3][5]. - The average year-on-year revenue and net profit growth rates for these companies are 11.67% and 30.4%, respectively, indicating a trend of recovering profitability [5]. - The median revenue and net profit growth rates are 5.27% and 8.42%, respectively, with net profit growth outpacing revenue growth [5]. Group 2: Sector Performance - The technology sector, particularly the electronics and non-ferrous metals industries, has shown outstanding performance. The electronics sector's median revenue and net profit growth rates are 15.51% and 14.94%, significantly outperforming overall averages [5][6]. - Notably, 19 companies in the electronics sector achieved a doubling of net profits, with Cambrian (688256.SH) reporting a staggering revenue increase of 2,386% year-on-year, reaching 4.607 billion yuan [5][6]. - In the non-ferrous metals sector, Zijin Mining (601899.SH) reported a revenue of 254.2 billion yuan, a year-on-year increase of 10.33%, and a net profit of 37.864 billion yuan, up 55.45% [9]. Group 3: Policy and Market Dynamics - The performance of companies is significantly influenced by industry dynamics and policy directions. The electronics industry's success is attributed to the recovery of the global semiconductor cycle and the rapid development of AI [8]. - The "anti-involution" policy has positively impacted the steel industry, leading to improved profitability among major steel companies. For instance, Youfa Group (601686.SH) reported a net profit growth of 399.25% in Q3 [10][11]. - The Ministry of Industry and Information Technology has issued guidelines for the steel industry, mandating the elimination of outdated production equipment and aiming for significant emissions reductions by the end of 2025, which is expected to enhance cost efficiency in the sector [11].

Investment Rating - The report maintains a "Buy" recommendation for several steel companies, including Hualing Steel, Baosteel, Nanjing Steel, and others, indicating a positive outlook for the sector [3][3][3]. Core Views - The revision of the capacity replacement plan by the Ministry of Industry and Information Technology is expected to improve the supply-demand dynamics in the steel industry marginally. The new draft includes stricter compliance requirements for capacity replacement, which may lead to a more regulated market [3][3]. - The report notes a decrease in steel profits, with specific margins for rebar, hot-rolled, and cold-rolled steel declining by 7, 17, and 23 yuan per ton, respectively, while electric arc furnace steel margins increased by 1 yuan per ton [1][1][1]. - Steel production increased to 8.65 million tons, with a notable rise in rebar production, while total inventory decreased by 260,100 tons, indicating a tightening market [2][2][2]. Summary by Sections Price Trends - As of October 24, 2025, the price of 20mm HRB400 rebar in Shanghai was 3,190 yuan per ton, down 20 yuan from the previous week. Hot-rolled steel increased by 20 yuan to 3,300 yuan per ton, while cold-rolled steel rose by 10 yuan to 3,780 yuan per ton [1][12][13]. Production and Inventory - The total production of the five major steel products reached 8.65 million tons, an increase of 83,700 tons week-on-week. The total inventory of these products decreased by 260,100 tons to 1,098.5 million tons [2][2][2]. Investment Recommendations - The report recommends focusing on companies within the steel sector, particularly those that are expected to benefit from the revised capacity replacement regulations. Specific companies highlighted include Hualing Steel, Baosteel, Nanjing Steel, and others across various segments [3][3][3].

证券日报网讯 10月24日晚间，友发集团发布公告称，公司于2025年10月24日召开第五届董事会第二十 二次会议，审议通过了《关于不提前赎回"友发转债"的议案》，公司董事会决定本次不行使"友发转 债"的提前赎回权利。同时决定在未来三个月内（即2025年10月27日至2026年1月26日），如再次触 发"友发转债"有条件赎回条款时，公司均不行使提前赎回权利。自2026年1月26日后首个交易日重新计 算，若"友发转债"再次触发上述有条件赎回条款，届时公司将按照相关法律法规和《募集说明书》的要 求召开董事会审议是否行使"友发转债"的提前赎回权利，并及时履行信息披露义务。 （编辑 姚尧） ...

Core Viewpoint - Youfa Group (601686) reported explosive growth in its financial performance for Q3 and the first three quarters of 2025, with significant increases in revenue and net profit [1] Financial Performance - In Q3, the company achieved operating revenue of 13.104 billion yuan and a net profit of 215 million yuan, representing a year-on-year increase of 2320.53% [1] - For the first three quarters, the company reported operating revenue of 37.992 billion yuan and a net profit of 502 million yuan, a staggering year-on-year increase of 399.25% [1] - The company's net profit after deducting non-recurring items reached 415 million yuan, soaring by 1309.9% year-on-year [1] - As of September this year, total assets amounted to 26.743 billion yuan, with net assets attributable to shareholders reaching 6.911 billion yuan, indicating strong financial stability [1] Growth Drivers - The significant growth in performance is attributed to increased sales volume and improved product gross margins, which are the core drivers of net profit growth [1] - The company has enhanced cost control and operational efficiency through optimized supply chain collaboration and cost-reduction strategies, further increasing profitability [1] - Accelerated new product development and market expansion, including JCOE process oil and gas transmission pipes and high-end precision steel pipes, have strengthened the company's competitiveness [1] Strategic Initiatives - Youfa Group plans to continue implementing its "three-year action" plan to improve domestic and international capacity layout, including the construction of bases in Chengdu, Sichuan [1] - The company aims to accelerate its expansion into overseas markets while reinforcing terminal operations, optimizing inventory management, and employing hedging strategies to cope with market fluctuations, thereby consolidating its leading position in the industry [1][2]

| 证券代码：601686 | 证券简称：友发集团 | 公告编号：2025-112 | | --- | --- | --- | | 转债代码：113058 | 转债简称：友发转债 | | 天津友发钢管集团股份有限公司 关于不提前赎回"友发转债"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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。 重要内容提示： 自 2025 年 9 月 24 日至 2025 年 10 月 24 日，天津友发钢管集团股份有限公司（以下 简称"公司"或"友发集团"）股票已满足连续 30 个交易日中至少 15 个交易日的收盘价格 不低于"友发转债"当期转股价格的 130%（含 130%），根据《天津友发钢管集团股份有限公 司天津友发钢管集团股份有限公司公开发行可转换公司债券募集说明书》（以下简称《募集说 明书》）的约定，已触发"友发转债"有条件赎回条款。 公司于 2025 年 10 月 24 日召开第五届董事会第二十二次会议，审议通过了《关于不提 前赎回"友发转债"的议案》，公司董事会决定本次不行使"友发转债"的提前赎回权利。同 时决定在未 ...

天津友发钢管集团股份有限公司 第五届董事会第二十二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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。 一、董事会会议召开情况 天津友发钢管集团股份有限公司（以下简称为 "公司" ）第五届董事会第二十二次会议 于 2025 年 10 月 24 日以现场及视频方式召开，会议通知及相关资料于 2025 年 10 月 16 日通过电子邮件和专人送达的方式发出。本次董事会应参加会议表决的董事 9 人，实际参加表 决的董事 9 人，会议由董事长李茂津先生主持。会议列席人员包括公司监事 3 人，以及董事会 秘书。 会议的召集和召开程序符合《公司法》等法律法规和《公司章程》的有关规定。 二、董事会会议审议情况 证券代码：601686 证券简称：友发集团 公告编号：2025-111 债券代码：113058 转债简称：友发转债 自 2025 年 9 月 24 日至 2025 年 10 月 24 日，公司股票已满足连续 30 个交易日中至 少 15 个交易日的收盘价格不低于"友发转债"当期转股价格的 130%（含 130%），根据 ...