证券代码：603279 证券简称：景津装备 公告编号：2025-044 景津装备股份有限公司 第五届董事会第一次（临时）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法律责任。 一、董事会会议召开情况 景津装备股份有限公司（以下简称"公司"）第五届董事会第一次（临时） 会议于 2025 年 12 月 26 日下午在德州经济开发区晶华路北首公司会议室以现场 表决方式召开。在公司 2025 年第二次临时股东会及职工代表大会选举产生第五 届董事会成员后，为确保公司董事会工作的连续性，经全体新任董事一致同意， 豁免本次会议的通知时限要求。本次会议通知和材料已于会议召开当日以专人送 达方式发出。经全体新任董事过半数共同推举，本次会议由董事姜桂廷先生主持。 应出席本次会议的公司董事 6 人，实际出席本次会议的公司董事 6 人。公司高级 管理人员候选人均现场出席本次会议，就其履职能力等情况进行说明。本次会议 的出席人数、召集、召开及表决程序均符合《中华人民共和国公司法》（以下简 称《公司法》）等法律、行政法规、部门规章、规范性文件及《公 ...

Summary of the Conference Call for Jingjin Equipment Company Overview - Jingjin Equipment is a leading company in the filter press industry, holding a significant global market share, particularly in the mining machinery sector where its overseas market share exceeds 50% [2][3] - The company was founded in 1988 and has a domestic market share of approximately 50%, up from 40% around 2020 [3] Financial Performance - Despite a decline in revenue and profit in the first three quarters of 2024 and 2025, the complete equipment business is expected to grow significantly, with projected revenue exceeding 1 billion yuan in 2025, accounting for nearly 20% of total revenue [2][6] - Operating cash flow for the first three quarters of 2024 was over 650 million yuan, indicating strong cash management and potential for excess dividends [2][7] - Revenue projections for 2025 to 2027 are 5.5 billion, 6.2 billion, and 6.8 billion yuan respectively, with net profit expected to grow by nearly 30% by 2027 [4][16][17] Market Dynamics - The filter press is widely used across various sectors including mining, environmental protection, and new energy, with significant demand expected in the lithium battery material preparation segment [2][4][10] - The mining sector is projected to maintain a growth rate of 10%, while the environmental sector is expected to see stable demand primarily from equipment upgrades [9] - The new energy sector is anticipated to recover to nearly 20% growth, driven by the recovery of lithium material prices [2][9] Competitive Advantages - Jingjin Equipment has a competitive edge due to its high self-manufacturing rate of over 95%, superior cost control, and strong brand reputation [3][11] - The company’s diaphragm filter presses are priced significantly lower than competitors like Metso and Andritz, enhancing its appeal in overseas markets [11] - The company has a robust after-sales service network and product quality control, which further strengthens its market position [11] Technological and Production Strengths - The company is involved in the development of advanced filtering equipment and has participated in drafting national standards [12][13] - It has a comprehensive production capability across the entire supply chain, ensuring high efficiency and product quality [13] Future Outlook - The company is expected to see a notable improvement in performance by the second quarter of 2026, with even stronger growth anticipated in the third quarter [7][17] - The overseas market is projected to continue its growth trajectory, with revenues increasing from 166 million yuan in 2021 to an expected 336 million yuan in 2024 [15] Conclusion - Jingjin Equipment is positioned well for future growth, particularly in the new energy sector, and presents a compelling investment opportunity given its strong market position, financial health, and growth prospects [2][17]

Core Viewpoint - Jingjin Equipment is a leading company in the filter press industry with a domestic market share exceeding 40% and is recognized as a champion in China's manufacturing sector [1] Group 1: Company Overview - Jingjin Equipment is the main drafter of national standards for filter presses and ranks first globally in production and sales of filter presses [1] - The company's products are widely used across various sectors including minerals and processing, new energy, new materials, environmental protection, chemicals, biotechnology, food, pharmaceuticals, health products, and sand and gravel aggregates [1] Group 2: Financial Performance - During the industry downturn, the company has focused on cost reduction and efficiency improvement while accelerating cash collection [1] - From Q1 to Q3 of 2025, the company's operating cash flow is significantly higher than its profit, indicating excellent operational quality [1] Group 3: Market Outlook - The high prices of non-ferrous metals such as copper and gold are expected to sustain capital expenditures in the non-ferrous metal sector [1] - With the gradual strengthening of environmental policies and rising costs of raw ore extraction, tailings pollution prevention and comprehensive utilization of tailings resources are anticipated to become future development trends, which the company is likely to benefit from [1] Group 4: Valuation Comparison - Compared to peer companies in the industry, such as Hangyang Co., Ltd. and Xianlead Intelligent, Jingjin Equipment's price-to-earnings (PE) ratio is relatively low [1] - The projected PE ratios for Jingjin Equipment from 2025 to 2027 are 15.58, 12.24, and 9.77 times, respectively, maintaining a "buy" rating [1]

Investment Rating - The report maintains a "Buy" rating for the company [7][10]. Core Insights - The company is a leading manufacturer of filter presses with over 40% market share in China, focusing on providing complete solutions for solid-liquid separation [3][17]. - The company is experiencing short-term pressure on operating performance, but cash flow has significantly improved, with operating cash flow exceeding profits in recent quarters [4][20][30]. - The filter press market in China is valued at approximately 102.1 billion yuan, with a global market size projected at around 2.63 billion USD in 2024 [4][45][46]. Summary by Relevant Sections Company Overview - The company, founded in 1988, specializes in the production and sales of filtering equipment and is recognized as a champion in the manufacturing sector [3][17]. - It has a stable shareholding structure, with major shareholders showing a strong willingness to return profits to shareholders through dividends [34]. Market and Industry Analysis - The demand for filter presses is expected to rebound, particularly in the mineral processing sector, driven by high capital expenditures in non-ferrous metals [5][47]. - The environmental sector is also anticipated to see increased demand for filter presses due to stricter regulations and the need for effective sludge treatment [53][55]. Financial Performance - The company’s revenue and net profit are projected to face challenges in 2024 and 2025, primarily due to declining capital expenditures in the lithium battery sector [4][10]. - Revenue forecasts for 2025-2027 are 55.14 billion, 61.81 billion, and 68.35 billion yuan, with corresponding net profits of 5.59 billion, 7.11 billion, and 8.91 billion yuan [10][11]. Competitive Advantages - The company maintains a strong competitive position in the industry, with a focus on complete equipment solutions and significant growth potential in overseas markets [9][10][34]. - The company’s complete equipment solutions are expected to continue growing rapidly, with projected revenues exceeding 800 million yuan in 2024, representing over 90% year-on-year growth [8][9].

Core Viewpoint - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant price increases and dividend yields as of December 22, 2025. Group 1: Top Gainers - The top stock, 常宝股份 (Changbao Co., Ltd.), experienced a daily increase of 3.98% and a year-to-date increase of 65.00%, with a dividend yield of 2.71% over the past 12 months [1][9]. - 云天化 (Yuntianhua Co., Ltd.) ranked second with a daily increase of 2.88% and a year-to-date increase of 47.30%, offering a dividend yield of 5.36% [1][9]. - 中远海能 (COSCO Shipping Energy Transportation Co., Ltd.) saw a daily increase of 2.84% and a year-to-date increase of 5.08%, with a dividend yield of 1.58% [1][9]. Group 2: Dividend Yields and Performance - The index's average dividend yield is reported at 4.85%, with a historical price-to-earnings ratio of 11.57 times and a price-to-book ratio of 1.32 times [3]. - The stocks listed in the index are subject to a weight limit of 3% per stock and a maximum of 33% per GICS industry, ensuring diversified exposure [4]. Group 3: Additional Notable Stocks - Other notable performers include 天山铝业 (Tianshan Aluminum Co., Ltd.) with a year-to-date increase of 90.30% and a dividend yield of 2.78% [1][9]. - 南山铝业 (Nanshan Aluminum Co., Ltd.) achieved a year-to-date increase of 34.76% and a high dividend yield of 8.15% [1][9]. - 农业银行 (Agricultural Bank of China) reported a year-to-date increase of 50.87% with a dividend yield of 4.79% [1][9].

Core Viewpoint - The Ministry of Industry and Information Technology and the Ministry of Ecology and Environment have jointly released the "National Encouraged Major Environmental Protection Technology Equipment Catalog (2025 Edition)," which includes 115 major environmental protection technology equipment items, focusing on high-quality development in the environmental protection equipment sector [1] Industry Summary - The catalog covers three categories: development, application, and promotion, addressing eight major areas including air pollution prevention, water pollution prevention, solid waste treatment, and soil pollution remediation [1] - The release of the catalog signifies a new phase in the development of China's environmental technology equipment, providing clear technical pathways for the environmental equipment manufacturing industry [1] - The industry is currently experiencing a triple overlap of policy dividends, technological innovation, and market demand [1] Company Summary - The Ministry of Industry and Information Technology has proposed that by 2027, the output value of the environmental equipment manufacturing industry will reach 1.5 trillion yuan [1] - The penetration rate of intelligent environmental protection equipment technology is expected to increase from 60% in 2025 to 85% by 2030, driven by advancements in smart and digital technologies [1] - Relevant A-share concept stocks include companies such as Jingjin Equipment and Xuedilong [1]

证券日报网讯12月18日，景津装备（603279）在互动平台回答投资者提问时表示，公司在定期报告中披 露相应时点的股东信息，如需查询其他时点的股东信息，请致电公司投资者电话并提供相应证明材料后 查询。 ...

证券日报网讯12月18日，景津装备（603279）在互动平台回答投资者提问时表示，公司2025年11月19日 披露了《景津装备股份有限公司关于公司2025年前三季度利润分配方案的公告》，2025年12月2日披露 了《景津装备股份有限公司2025年前三季度权益分派实施公告》，已于2025年12月8日完成现金红利派 发。 ...

Group 1 - The core viewpoint of the article is that Jingjin Equipment (603279) has confirmed that its products, such as filter presses, can be applied in the battery materials sector, indicating a potential expansion into energy storage applications [1] Group 2 - The company specifically mentioned that energy storage is one of the application scenarios for batteries, highlighting the relevance of its products in this growing market [1]

景津装备股份有限公司 2025 年第二次临时股东会会议资料 （603279） 二○二五年十二月 1 / 19 目录 | 景津装备股份有限公司 | 2025 年第二次临时股东会会议须知 3 | | --- | --- | | 景津装备股份有限公司 | 2025 年第二次临时股东会会议议程 5 | | 议案 | 1、关于公司变更经营范围的议案 7 | | 议案 | 2、关于增加公司经营场所的议案 9 | | 议案 | 3、关于修订《公司章程》的议案 10 | | 议案 | 4、关于修订《景津装备股份有限公司董事会议事规则》的议案 13 | | 议案 | 5、关于公司第五届董事会拟任董事薪酬的议案 14 | | 议案 | 6、关于公司董事会换届选举暨提名第五届董事会非独立董事候选人的议案 15 | | 议案 | 7、关于公司董事会换届选举暨提名第五届董事会独立董事候选人的议案 17 | 2 / 19 景津装备股份有限公司 网络投票的股东通过上海证券交易所股东会网络投票系统行使表决权进行 投票，详见公司 2025 年 12 月 11 日在指定媒体披露的《景津装备股份有限公司 关于召开 2025 年第二次临时股东会的通 ...