Core Viewpoint - The stock of Blue Science and Technology (601798) has shown a decline in price and mixed capital flow trends, with significant retail investor outflows and positive institutional ratings [1][4]. Group 1: Stock Performance - As of November 20, 2025, Blue Science and Technology closed at 9.11 yuan, down 0.87% with a turnover rate of 1.5% and a trading volume of 53,100 hands, amounting to a transaction value of 48.53 million yuan [1]. - Over the past five days, the stock has experienced fluctuations, with a notable drop of 1.92% on November 19 and a total of 68.46 million yuan net inflow from institutional investors on November 20 [2]. Group 2: Financial Metrics - For the first three quarters of 2025, the company reported a main revenue of 589 million yuan, an increase of 18.02% year-on-year, and a net profit attributable to shareholders of 33.31 million yuan, up 260.93% year-on-year [3]. - The company's third-quarter performance showed a single-quarter main revenue of 177 million yuan, a 12.05% increase year-on-year, and a net profit of 12.36 million yuan, reflecting a 212.29% year-on-year growth [3]. Group 3: Industry Comparison - Blue Science and Technology's total market value stands at 3.23 billion yuan, significantly lower than the industry average of 7.496 billion yuan, ranking 198th out of 270 in the specialized equipment sector [3]. - The company's price-to-earnings ratio (P/E) is 72.72, which is more favorable compared to the industry average of 135.88, ranking 122nd out of 270 [3].

证券代码：601798 证券简称：蓝科高新 公告编号：2025-045 甘肃蓝科石化高新装备股份有限公司 2025年第二次临时股东会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 11 月 20 日 (二)股东会召开的地点：上海蓝滨石化设备有限责任公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 262 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 129,427,001 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 36.5068 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 公司董事长王健先生因工作原因无法主持本次股东大会，根据《公司章程》 第七十八条之规定，董事长不能主持股东大会的，由副董事长主持，因公司未设 ...

法律意见书 中国·北京 北京海润天睿律师事务所 关于甘肃蓝科石化高新装备股份有限公司 2025 年第二次临时股东会的 法律意见书 北京市朝阳区建外大街甲 14 号广播大厦 5&9&10&13&17 层 邮政编码：100022 电话：（010）65219696 传真：（010）88381869 法律意见书 北京海润天睿律师事务所 关于甘肃蓝科石化高新装备股份有限公司 2025 年第二次临时股东会的 法律意见书 致：甘肃蓝科石化高新装备股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受甘肃蓝科石化高新装备 股份有限公司（以下简称"公司"）的聘请，根据《中华人民共和国证券法》（以 下简称"《证券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）、《律师事务所从事 证券法律业务管理办法》《律师事务所证券法律业务执业规则（试行）》等法律、 行政法规、部门规章、规范性文件以及《甘肃蓝科石化高新装备股份有限公司章 程》（以下简称"《公司章程》"）的规定，指派本所律师对公司 2025 年第二次 临时股东会（以下简称"本次股东会"或"股东会"）进行见证 ...

Core Insights - The low-temperature liquid gas storage tank industry in China is experiencing significant growth opportunities due to high-quality economic development and continuous optimization of industrial structure, with a projected market size of approximately 92.7 billion yuan in 2024, representing a year-on-year growth of 8.68% [1][6]. Industry Overview - Low-temperature liquid gas storage tanks are designed to store liquid gases at extremely low temperatures, requiring strict low-temperature and insulation standards to ensure safety and stability [2]. - The industry is categorized into three main types based on pressure levels: atmospheric storage tanks, low-pressure storage tanks, and high-pressure storage tanks [3]. Industry Chain - The upstream of the low-temperature liquid gas storage tank industry includes special steel materials such as 9% Ni steel, 5 Ni steel, and austenitic stainless steel, along with insulation materials and various auxiliary materials [3]. - The midstream involves the production and manufacturing of low-temperature liquid gas storage tanks, while the downstream applications span across sectors like petrochemicals, transportation, aerospace, new energy, biomedical, scientific research, and industrial production [3]. Market Size - The growth of the low-temperature liquid gas storage tank industry is driven by steady macroeconomic growth and the deepening application of clean energy, with significant advancements in the localization of special materials [6]. - The domestic production of key materials like 9% Ni steel and high-manganese austenitic low-temperature steel has broken international technical barriers and reduced manufacturing costs, enhancing the cost-performance ratio of domestic equipment [6]. Key Companies - Leading companies in the industry include China Nuclear Industry Fifth Construction Company, which holds nearly 60% of the LNG storage tank market share, and CIMC Enric, which utilizes innovative materials and intelligent monitoring systems [6][7]. - Lanzhou Lanshi Heavy Equipment Co., Ltd. has made significant achievements in the low-temperature liquid gas storage tank sector, particularly in the development of high-pressure hydrogen storage containers [8]. Industry Development Trends 1. **Technological Innovation**: The industry is expected to accelerate technological innovation, promoting high-end and intelligent material development, with a focus on reducing production costs and enhancing product competitiveness through the use of advanced materials [9]. 2. **Green Technology Integration**: The industry will increasingly adopt green technologies and environmentally friendly materials in response to environmental policies, aiming for sustainable development [10]. 3. **Global Expansion**: Chinese companies are expanding their international presence, enhancing their global influence through technological innovation and collaboration with international firms [11].

2025 年第二次临时股 东会会议资料 2025-11-20 甘肃蓝科石化高新装备股份有限公司 2025 年第二次临时股东会会议资料 目录 | | | 1 甘肃蓝科石化高新装备股份有限公司 2025 年第二次临时股东会会议资料 2025 年第二次临时股东会会议议程 现场会议时间:2025 年11 月20 日下午15:00 网络投票时间：采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 股东大会召开当日的交易时间段，即9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票 平台的投票时间为股东会召开当日的9:15-15:00。 现场会议地点：上海蓝滨石化设备有限责任公司会议室 会议出席人：2025 年11 月13 日交易结束后在中国登记结算有限责任公司上海分公司登 记在册的公司股东或其委托授权代理人；本公司董事、监事及高级管理人员、本公司聘请的律 师。 会议主持人：王健先生 会议议程： 三、会议进入议题的审议阶段，宣读、讨论、审议各项议案： 1. 审议《关于变更会计师事务所的议案》。 四、回答股东提问时间。 五、股东对上述议案进行投票表决（本次会议现场表决后，将由上交所 ...

Core Insights - In November, certain low-priced, high-recognition stocks have shown significant performance, with "Ma" stocks averaging a nearly 2% increase, surpassing the Shanghai Composite Index's performance during the same period, with multiple stocks rising over 10% [1] Group 1: Stock Characteristics - The analysis identifies 16 potential strong stocks for the year-end, focusing on those priced between 5 to 15 yuan per share and with a market capitalization below 5 billion yuan [1] - These stocks are predicted to have a net profit growth rate exceeding 30% for both 2025 and 2026, according to institutional consensus [1] - The companies involved are engaged in trending sectors such as quantum technology, AI, and lithium batteries [1] Group 2: Potential Stocks Summary - The table lists various stocks with their latest closing prices, market values, and projected net profit growth rates for 2025 and 2026, along with their associated hot concepts [2] - For instance, "Aoto Electronics" (002587) has a closing price of 6.42 yuan and a market value of 4.183 billion yuan, with a projected net profit growth of 193.43% for 2025 and 111.11% for 2026, focusing on Douyin Doubao [2] - "Liujin Technology" (920021) shows a closing price of 6.87 yuan and a market value of 2.123 billion yuan, with a projected net profit growth of 203.78% for 2025 and 96.00% for 2026, involved in 5G applications [2]

Core Viewpoint - China Energy Engineering Group Co., Ltd. (referred to as "China Energy") and its chairman Liu Bin received a warning letter from the Gansu Securities Regulatory Bureau due to violations related to information disclosure and non-operating fund occupation [1][2]. Summary by Sections Violations Identified - China Energy failed to disclose related parties and transactions involving its former controlling shareholder, Gansu Blue Science Petrochemical High-tech Equipment Co., Ltd. (referred to as "Blue Science High-tech"), leading to undisclosed amounts of 44.7643 million yuan and 72.36 million yuan in the annual reports for 2019 and 2020 respectively [1]. - The company was found to have non-operating occupation of funds, where Blue Science High-tech paid a total of 47 million yuan to related suppliers, but the funds were actually used by China Energy from August 2019 to June 2020, violating regulations on related party transactions [1]. Responsibilities and Consequences - Liu Bin, as the chairman, was aware of the relationship with Jiangsu Engao Industrial Technology Research Institute Co., Ltd. and was responsible for the related contracts and fund transfers, thus bearing primary responsibility for the violations [2]. - The Gansu Securities Regulatory Bureau decided to issue a warning letter and required the company to submit a written rectification report within 30 days of receiving the decision [2]. Company Background - China Energy was established in August 1987 and is a comprehensive energy service group under China National Machinery Industry Corporation, involved in energy investment, engineering construction, technology research and development, and energy trading services [3]. - The company is headquartered in Shanghai and possesses various qualifications and certificates across multiple sectors, including power, petrochemicals, pharmaceuticals, construction, and municipal engineering, providing integrated services from planning consultation to operational management [3].

Core Viewpoint - Gansu Blue Science and Technology Petrochemical High-tech Equipment Co., Ltd. (referred to as "Blue Science and Technology") and its former controlling shareholder, China Energy Engineering Group Co., Ltd. (referred to as "China Energy"), received a warning letter from the Gansu Securities Regulatory Bureau due to information disclosure violations [1][4]. Summary by Relevant Sections Information Disclosure Violations - The violations primarily involved two aspects: failure to disclose related parties and related transactions, and non-operating fund occupation by related parties [2][3]. Related Party Transactions - Blue Science and Technology did not disclose that Jiangsu Engao Industrial Technology Research Institute Co., Ltd. was a related party under the actual control of China Energy in its annual reports for 2019 and 2020. The related transactions amounted to 44.7643 million yuan and 72.36 million yuan for the respective years [2]. Non-operating Fund Occupation - The company made payments totaling 47 million yuan to a related supplier, which were actually used by China Energy during the period from August 2019 to June 2020. This significant matter was also not disclosed in the annual reports for 2019 and 2020 [3]. Responsibility and Accountability - The Gansu Securities Regulatory Bureau identified that China Energy, as the controlling shareholder, failed to inform about related party information and was directly responsible for the non-operating fund occupation. Key individuals, including the chairman of China Energy and the former chairman and vice president of Blue Science and Technology, were held accountable for the violations [4]. Company Response and Future Actions - Blue Science and Technology acknowledged the issues and stated that the 47 million yuan occupied by China Energy has been fully recovered as of April 23, 2024. The company committed to strengthening its internal control systems and improving compliance with securities laws and regulations [5][6].

Key Points - A new stock subscription is available today [1] - The State Council meeting on October 31 focused on deepening reforms in key areas and expanding institutional openness [3] - The Ministry of Finance and the State Taxation Administration announced tax policies related to gold trading, exempting VAT until the end of 2027 for certain transactions [3] - The China Securities Regulatory Commission released draft guidelines for the performance benchmarks of publicly offered securities investment funds [4] - A significant breakthrough in nuclear energy was reported, with China achieving thorium-uranium fuel conversion based on molten salt reactors [4] - The China Listed Companies Association reported improved performance among listed companies, highlighting the role of innovation and structural upgrades [5] - The 15th National Games torch relay featured a humanoid robot "Kua Fu" as a torchbearer, marking a global first [5] - Anshi China has established sufficient inventory to meet customer demand through the end of the year and beyond [7] - Vanke A is set to receive a loan of up to 22 billion yuan from Shenzhen Metro Group [7] - Long-term growth in new energy vehicle sales was reported for Chang'an Automobile and Seres [7] - Great Wall Motors reported October sales of 143,100 vehicles, a year-on-year increase of 22.5% [8] - ST Yifei signed an overseas procurement order worth approximately 190 million yuan [9] - Tianqi Co. signed a strategic cooperation framework agreement with Foxconn Automotive [10] - Several companies are undergoing significant changes, including mergers and acquisitions, and stock repurchases [13][14][15][16]

Core Points - The company, Blue Science High-tech (601798), announced a change in its major asset restructuring plan, shifting to a cash acquisition of a 51% stake in China Air Separation held by China Pudong Development Bank [1][3] - The revised plan aims to optimize the company's asset structure, support its engineering business, and transform into a comprehensive energy equipment solution provider, thereby improving its operational status [3] Financial Performance - For the first three quarters of the year, the company reported a revenue of 588.91 million yuan, representing an 18.02% year-on-year increase [3][4] - The net profit attributable to shareholders reached 33.31 million yuan, with a significant increase compared to the previous year [3][4] - The operating cash flow showed a decline, with a net amount of 24.80 million yuan, down 79.26% year-on-year [4] Business Overview - Blue Science High-tech is primarily engaged in the research, design, production, installation, and technical services of specialized equipment for the petroleum, petrochemical, and new energy sectors [3] - Key products include heat exchangers, air coolers, crude oil separation equipment, and various separation technologies, serving industries such as petrochemicals, power, and pharmaceuticals [3]