证券代码：603169 证券简称：兰石重装 公告编号：临 2025-074 兰州兰石重型装备股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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法律责任。 重要内容提示： （三）会议召开方式：上证路演中心网络文字互动 会议召开时间：2025 年 9 月 12 日(星期五)11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 " 上 证 路 演 中 心 "（ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 9 月 11 日（星期四）16:00 前登录上证路演中心网站 首页点击"提问预征集"栏目或通过公司邮箱（zqb@lshec.com）进行提问。公 司将在说明会上对投资者普遍关注的问题进行回答。 兰州兰石重型装备股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日 发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度 ...

Core Viewpoint - Recently, Lansi Heavy Industry (603169) has secured additional orders for carbon capture project equipment from Xinjiang Oilfield, following a previous order for key equipment in June [1] Group 1: Company Developments - Lansi Heavy Industry has received an order for the CO drying module device as part of the carbon capture project [1] - The new device features an integrated design that includes essential components such as molecular sieve dehydration towers, regeneration gas coolers, regeneration gas heat exchangers, and coalescing filters [1] - The device is characterized by high integration, compact structure, easy installation, and convenient operation [1]

Core Insights - Lanzhou Lanshi Heavy Equipment Co., Ltd. reported a revenue of 2.832 billion yuan for the first half of 2025, representing a year-on-year growth of 13.63% [1] - The net profit attributable to shareholders was 54.32 million yuan [1] Group 1: Market Expansion and Orders - The company achieved new orders totaling 4.438 billion yuan in the first half of the year, successfully developing 13 new clients [1] - In the traditional refining, chemical, and coal chemical sectors, the company secured new orders worth 2.32 billion yuan, solidifying its order base [1] - The company made significant breakthroughs in first-set equipment, signing contracts for the Dunhuang photovoltaic project of 7.6 million kilowatts and 100,000 kilowatts of thermal power, enhancing its position in the thermal molten salt energy storage market [1] Group 2: International Market Presence - The company's efforts in expanding its overseas market have shown significant results, with an increase in brand international influence [1]

Core Viewpoint - 兰石重装 (603169) reported mixed financial results for the first half of 2025, with revenue growth but a significant decline in net profit, indicating potential challenges in operational efficiency and cash flow management [1][2][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 2.832 billion yuan, a year-on-year increase of 13.63% compared to 2.492 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 54.43 million yuan, down 21.91% from 69.58 million yuan in the previous year [1]. - The gross profit margin decreased to 12.48%, down 4.82% from 13.11% in 2024, while the net profit margin fell to 1.74%, a decline of 36.74% [1]. - The company reported a significant increase in accounts receivable, which accounted for 795.16% of the latest annual net profit, indicating potential liquidity issues [1][4]. Cash Flow and Debt Management - Operating cash flow per share was -0.06 yuan, a drastic decrease of 189.0% compared to 0.07 yuan in the previous year, reflecting cash flow challenges [1][3]. - The company’s total liabilities included interest-bearing debt of 3.102 billion yuan, a reduction of 20.32% from 3.893 billion yuan in 2024 [1][2]. - The ratio of cash and cash equivalents to current liabilities was only 16.43%, suggesting a tight liquidity position [4]. Operational Insights - The company has been focusing on increasing its research and development expenditures, which rose by 72.35% as part of its strategy to drive innovation and product development [2][3]. - The company is transitioning towards international markets, securing contracts in regions such as the Middle East and Southeast Asia, with international orders increasing by 41.09% year-on-year [4]. Business Model and Market Position - The business model relies heavily on R&D-driven growth, necessitating close monitoring of the underlying factors that support this strategy [4]. - The company has experienced cyclical performance, with historical data indicating a median return on invested capital (ROIC) of only 4.37% over the past decade, highlighting challenges in achieving strong capital returns [3][4].

Group 1 - The company, Lanzhou Heavy Industry (603169.SH), reported a total operating revenue of 2.832 billion yuan for the first half of 2025, representing a year-on-year increase of 13.63% [1] - The net profit attributable to shareholders of the parent company was 54.3292 million yuan, showing a year-on-year decline of 21.91% [1] - The basic earnings per share were reported at 0.0416 yuan [1]

Core Insights - The company reported a revenue of 2.832 billion yuan for the first half of 2025, representing a year-on-year growth of 13.63% [1] - New order amount reached 4.438 billion yuan, with 13 new customers acquired, indicating a continuous optimization of order structure [1] - Significant growth in strategic emerging industries: nuclear energy contracts increased by 32.16%, metal new materials orders grew by 48.08%, energy-saving and environmental protection orders rose by 16.66%, industrial intelligent equipment orders increased by 35.47%, and high value-added service orders surged by 65.22% [1] R&D and Innovation - R&D investment amounted to 109 million yuan, a year-on-year increase of 72.35%, with 36 technology achievements converted into a total value of 750 million yuan [2] - The company participated in the formulation of 9 national and industry standards and received 40 patent authorizations, including 12 invention patents [2] - The company has made breakthroughs in nuclear energy, hydrogen energy, and thermal storage, with successful overseas exports of nuclear equipment and projects in hydrogen production and storage [2] Strategic Development - The company aims to continue its "1333" development strategy, focusing on high-end, green, and intelligent transformation of energy equipment manufacturing [3] - Plans to deepen international cooperation and expand into the "Belt and Road" market, positioning itself as a leading provider of high-end energy equipment solutions [3]

Core Insights - The company reported a revenue of 2.832 billion yuan for the first half of 2025, representing a year-on-year growth of 13.63% [1] - New order value reached 4.438 billion yuan, with 13 new clients acquired, indicating a continuous optimization of order structure [1] - Significant growth in strategic emerging industries: nuclear energy contracts increased by 32.16%, metal new materials orders grew by 48.08%, energy-saving and environmental protection orders rose by 16.66%, industrial intelligent equipment orders surged by 35.47%, and high-value-added service orders increased by 65.22% [1] R&D and Innovation - R&D investment amounted to 109 million yuan, a year-on-year increase of 72.35%, with 36 technology achievements converted into a total value of 750 million yuan [2] - The company participated in the formulation of 9 national and industry standards and received 40 patent authorizations, including 12 invention patents [2] - Several projects, including "synthetic gas one-step method for olefin complete system and equipment technology development," were approved for provincial-level science and technology plans [2] Strategic Initiatives - The company is seizing opportunities in the "dual carbon" initiative, achieving breakthroughs in nuclear energy, hydrogen energy, and thermal storage [2] - Nuclear equipment has been successfully exported overseas, and projects in the hydrogen sector include pure hydrogen plants and refueling stations [2] - The company acquired Qingdao Equipment Company to enhance nuclear equipment delivery capabilities and invested in a nickel alloy company to extend the high-value-added metal materials industry chain [2] Future Development Plans - The company aims to continue its "1333" development strategy, targeting the establishment of a "100 billion yuan Lanstone, 100-year Lanstone, and happy Lanstone" [3] - Focus will be on high-end, green, and intelligent transformation of energy equipment manufacturing, deepening international cooperation, and expanding into the "Belt and Road" market [3] - The goal is to become a world-class provider of comprehensive solutions for high-end energy equipment [3]

每经AI快讯，兰石重装（SH 603169，收盘价：8元）8月30日发布公告称，截至本公告日，公司及子公 司累计对外担保余额约为20.2亿元，占公司2024年度经审计归属于母公司净资产的61.22%；其中为子公 司担保余额约6.95亿元，占公司2024年度经审计归属于母公司净资产的21.06%；为控股股东及其子公司 担保余额为13.25亿元，占公司2024年度经审计归属于母公司净资产的40.16%。 2024年1至12月份，兰石重装的营业收入构成为：机械制造占比72.87%，金属新材料占比14.29%，工程 总包占比9.96%，技术服务占比2.02%，其他业务占比0.86%。 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 （记者 胡玲） ...

Core Insights - Lanzhou Lanshi Heavy Equipment Co., Ltd. reported a revenue of 2.832 billion yuan for the first half of 2025, representing a year-on-year growth of 13.63% [1] - The net profit attributable to shareholders was 54.32 million yuan [1] - The company secured new orders worth 4.438 billion yuan, successfully developing 13 new clients [1] Business Performance - The traditional refining and chemical sectors maintained a strong position with new orders amounting to 2.32 billion yuan [1] - The strategic emerging industries showed significant growth, with the new energy sector contracts reaching 600 million yuan, including 306 million yuan from the nuclear energy sector, a year-on-year increase of 32.16% [1] - Orders in the metal new materials sector totaled 695 million yuan, up 48.08% year-on-year [1] - The energy-saving and environmental protection sector saw orders of 378 million yuan, growing by 16.66% [1] - The industrial intelligent equipment market orders reached 416 million yuan, reflecting a growth of 35.47% [1] - High-value-added services such as inspection and maintenance achieved rapid growth, with order amounts climbing to 76 million yuan, a year-on-year increase of 65.22% [1] Technological Advancements - The company made significant breakthroughs in first-set equipment, including a contract for a 7.6 million kW photovoltaic and 100,000 kW solar thermal project [2] - Successful development of high-end products for the medical industry, including high-purity oxygen-free copper and copper-nickel alloys [2] - The company increased R&D investment to 109 million yuan, a year-on-year growth of 72.35%, and completed 124 technology innovation projects [3] - Achieved 36 technology transfer projects with a total value of 750 million yuan [3] - The company participated in the formulation of 9 standards and was granted 40 patents [3] Market Expansion - The company successfully signed contracts for overseas projects, including a Middle Eastern fluidized bed reactor order and nuclear energy projects [2] - Participation in major international exhibitions enhanced the company's brand influence globally [2] Future Outlook - The company plans to focus on customer needs and continue upgrading its marketing management system to provide comprehensive solutions [3]

（编辑 李家琪） 证券日报网讯 8月29日晚间，兰石重装发布公告称，公司拟为控股股东兰石集团向金融机构申请综合授 信提供担保，担保额度合计不超过35，000.00万元。截至公告披露日，公司实际为兰石集团及其子公司 提供担保余额为132，500.00万元。本次担保由兰石集团全资子公司兰州兰石房地产开发有限公司提供 保证反担保。 ...