Core Viewpoint - Zhejiang Lijun Thermal Energy Equipment Co., Ltd. has shown significant financing activity, indicating potential investor interest and market positioning within the general equipment manufacturing sector [1] Financing Activity - Last week, Lijun Thermal Energy recorded a net financing inflow of 24.33 million RMB, ranking 486th in the market [1] - The total financing amount for the week was 84.78 million RMB, with repayments totaling 60.44 million RMB [1] Capital Flow - Over the past 5 days, the main capital inflow for Lijun Thermal Energy was 15.78 million RMB, with a price increase of 5.22% [1] - In the last 10 days, the main capital inflow was 12.51 million RMB, with a price increase of 2.46% [1] Company Profile - Zhejiang Lijun Thermal Energy Equipment Co., Ltd. was established in 2006 and is located in Huzhou, primarily engaged in general equipment manufacturing [1] - The company has a registered capital of 91 million RMB and a paid-in capital of 68.25 million RMB [1] - The legal representative of the company is He Jun Nan [1] Investment and Intellectual Property - The company has made investments in 5 enterprises and participated in 1,105 bidding projects [1] - In terms of intellectual property, Lijun Thermal Energy holds 10 trademarks and 91 patents, along with 24 administrative licenses [1]

Financial Performance - The company's net profit decreased by 32.66% year-on-year, with a total revenue of 404 million yuan, down 11.6% compared to the previous year [1] - In Q2, total revenue was 189 million yuan, showing a year-on-year increase of 34.36%, while net profit for the same quarter rose by 202.27% to 18.93 million yuan [1] - Gross margin was 35.81%, down 8.29% year-on-year, and net margin was 13.0%, down 23.82% [1] Key Financial Metrics - The company's total revenue for 2025 was 404 million yuan, compared to 457 million yuan in 2024, reflecting an 11.60% decline [1] - The net profit attributable to shareholders was 52.55 million yuan, down from 78.03 million yuan, a decrease of 32.66% [1] - The company's earnings per share (EPS) dropped to 0.58 yuan, a decline of 49.12% year-on-year [1] Cash Flow and Liabilities - Cash flow from operating activities decreased by 67.08%, attributed to reduced cash inflow from sales [3] - The company reported a significant increase in cash and cash equivalents, up 57.60% to 623 million yuan, due to increased redemption of financial products [3] - Short-term borrowings increased due to liquidity needs, while lease liabilities decreased by 44.62% due to reclassification of liabilities [3] Investment and Return Metrics - The company's return on invested capital (ROIC) was 16.83%, indicating strong capital returns [4] - Historical data shows a median ROIC of 25.25% since the company went public, reflecting good investment returns [4] - The cash flow situation is a point of concern, with cash and cash equivalents covering only 95.46% of current liabilities [4]

Core Insights - The company, Lijure Energy, showcased its strong performance in the boiler industry with a revenue of 404 million yuan and a net profit of 52.55 million yuan for the first half of 2025, highlighting its market position amidst industry transformation and policy upgrades [1] Group 1: Technological Leadership - Lijure Energy focuses on technological innovation, developing core technologies such as water-cooled premixed combustion technology, flue gas condensation heat exchange technology, and vacuum phase change heat exchange technology [2] - The water-cooled premixed combustion technology achieves a thermal efficiency exceeding 99% and nitrogen oxide emissions below 20 mg/m³, aligning with national carbon reduction goals and significantly reducing operational costs for users [2] - The company has obtained 16 domestic invention patents, 3 foreign invention patents, and 82 utility model patents, establishing itself as a leader in boiler manufacturing technology [2] Group 2: Strategic Vision - Lijure Energy strategically positions itself in the gas boiler sector, aligning its products with national policies for energy efficiency and low emissions [3] - The company has established partnerships with major heating users and industrial clients, serving over a thousand customers and enhancing its market penetration [3] - The increasing push for the elimination of coal boilers and the promotion of clean energy positions Lijure Energy favorably in the market [3] Group 3: R&D and Service Support - The company emphasizes R&D as a key growth driver, collaborating with universities to build a comprehensive innovation system covering design, production, and service [4] - Lijure Energy has established a nationwide customer service network, enhancing customer satisfaction and loyalty through tailored solutions and rapid response services [4] - The company has developed a closed-loop advantage in "R&D-production-service," positioning itself to capture a larger market share in the era of carbon neutrality [4]

Group 1 - The company, Lijv Thermal Energy, reported a revenue of approximately 404 million yuan for the first half of 2025, representing a year-on-year decrease of 11.6% [2] - The net profit attributable to shareholders was approximately 52.55 million yuan, reflecting a year-on-year decline of 32.66% [2] - The basic earnings per share were 0.58 yuan, which is a decrease of 49.12% compared to the previous year [2]

Core Viewpoint - The company plans to utilize temporarily idle raised funds for cash management, aiming to enhance fund efficiency and returns while ensuring that it does not affect ongoing projects or operations [5][19][38]. Group 1: Company Overview - Company Name: Zhejiang Liju Thermal Energy Equipment Co., Ltd. [4] - Stock Code: 603391 [4] - Total raised funds from the public offering amounted to RMB 910 million, with a net amount of RMB 834 million after deducting fees [5][72]. Group 2: Financial Data - The company intends to use up to RMB 40 million of temporarily idle raised funds for cash management, valid for 12 months and can be rolled over [5][11]. - Additionally, the company plans to use up to RMB 90 million of idle self-owned funds for cash management under similar terms [28][32]. Group 3: Cash Management Purpose - The purpose of cash management is to improve the efficiency of fund usage and increase returns for the company and its shareholders, without impacting normal operations [9][30]. Group 4: Cash Management Products - The company will invest in high-security, liquid financial products or deposit products, ensuring that these funds are not used for pledging or securities investment [12][31]. Group 5: Approval Process - The cash management proposals were approved in the second board meeting and the fifth supervisory meeting held on August 20, 2025 [20][39]. Group 6: Monitoring and Compliance - The company has established a three-party supervision agreement for the management of raised funds, ensuring compliance with regulations and protecting investor rights [73][74].

Group 1 - The company, Lijun Thermal Energy, held its second board meeting on August 20, 2025, to review the agenda including the 2025 semi-annual report and its summary [1] - For the year 2024, Lijun Thermal Energy's revenue composition was 99.73% from industrial manufacturing and 0.27% from other businesses [1] - As of the report, Lijun Thermal Energy has a market capitalization of 3.7 billion yuan [1]

Group 1 - The company, Lijun Thermal Energy, announced that its second supervisory board's fifth meeting approved multiple proposals, including the summary of the proposals [2]

Group 1 - The company held its 7th meeting of the 2nd board of directors on August 10, 2025, with all 7 directors present, ensuring compliance with legal and regulatory requirements [1] - The board approved the 2025 semi-annual report and its summary, which details the company's operational performance for the first half of 2025 [1] - The board's audit committee reviewed and approved the special report on the use of raised funds as of June 30, 2025, with a unanimous vote of 7 in favor [2] Group 2 - The company plans to use up to RMB 400 million (including RMB 400 million) of temporarily idle raised funds for cash management, valid for 12 months from the board's approval [2] - The company also intends to use up to RMB 900 million (including RMB 900 million) of idle self-owned funds for cash management, also valid for 12 months from the board's approval [3]

Meeting Overview - The second meeting of the second supervisory board of Zhejiang Liju Thermal Energy Equipment Co., Ltd. was convened on August 10, 2025, with all three supervisors present, and the meeting procedures complied with relevant laws and regulations [1][2] Supervisory Board Resolutions - The supervisory board confirmed that the preparation and review of the 2025 semi-annual report and its summary complied with the Company Law and Securities Law, accurately reflecting the company's operational results and financial status without any false records or omissions [2][3] - The board approved the special report on the use of raised funds as of June 30, 2025, confirming its accuracy and completeness [2] Fund Management Decisions - The supervisory board agreed to use up to 400 million yuan of temporarily idle raised funds for cash management, ensuring compliance with regulations and maintaining the safety and efficiency of fund usage [3] - The board also approved the use of up to 900 million yuan of idle self-owned funds for cash management, affirming that it would not affect the company's normal operations or harm shareholder interests [3]

证券代码：603391 证券简称：力聚热能 公告编号：2025-024 浙江力聚热能装备股份有限公司 关于使用暂时闲置的募集资金进行现金管理的公告 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： 现金管理受托方：银行、证券公司等具有合法经营资格的金融机构。 现金管理金额及期限：公司拟使用不超过人民币 40,000 万元（含 40,000 万元） 的暂时闲置募集资金进行现金管理，该额度自公司董事会审议通过该议案之日起 12 个 月内有效，可循环滚动使用。 现金管理产品：用于购买安全性高、流动性好、不影响公司募投项目正常进行 的理财产品或存款类产品。。 履行的审议程序：本公司第二届董事会第七次会议和第二届监事会第五次会议， 分别审议通过《浙江力聚热能装备股份有限公司关于使用暂时闲置募集资金进行现金 管理的议案》，保荐机构对本事项出具了明确无异议的专项核查意见。现将有关事项 公告如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意浙江力聚热能装备股份有限公司首次公 开发行股票注册的批复》（证监许可 ...