证券代码：603500 证券简称：祥和实业 公告编号：2025-048 浙江天台祥和实业股份有限公司 注册资本：贰仟万元整 成立日期：2021 年 01 月 28 日 住 所：浙江省台州市天台县洪畴镇东安路 17 号 经营范围：一般项目：新材料技术研发；新材料技术推广服务；技术服务、 技术开发、技术咨询、技术交流、技术转让、技术推广；技术进出口；货物进出 口；橡胶制品制造；橡胶制品销售；塑料制品制造；塑料制品销售；塑料加工专 用设备销售；塑料加工专用设备制造；专用设备制造（不含许可类专业设备制造）； 合成材料制造（不含危险化学品）；鞋制造；服装制造；家居用品制造；鞋帽零 售；家居用品销售(除依法须经批准的项目外，凭营业执照依法自主开展经营活 动)。 关于控股子公司完成工商变更登记的公告 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。 浙江天台祥和实业股份有限公司（以下简称"公司"）于近日收到控股子公 司浙江祥丰新材料科技有限公司的通知，其完成了住所、经营范围等工商变更登 记和章程备案登记手续，并取得了天台县行政审批局换发 ...

Market Overview - The domestic market shows significant trading activity with the Shanghai Composite Index closing at 3,853.64, up 0.83% [2] - The Shenzhen Component Index increased by 1.80%, closing at 13,356.14, while the ChiNext Index rose by 2.28% to 3,185.57 [2] Non-Bank Financial Sector - The trading activity in the non-bank financial sector has improved, with a notable increase in the average daily trading volume, which surpassed 20 trillion in August [6] - The securities transaction stamp duty reached 118.7 billion, marking an 81.7% year-on-year increase [6] - The fundamentals of brokerage firms are stabilizing and improving, with a recommendation to focus on investment opportunities in this sector [6] Biomedicine Sector - The release of the YY/T 1987-2025 standard for medical devices using brain-computer interface technology marks a significant milestone for industry standardization, expected to accelerate industrialization [7][8] - This standard aims to resolve long-standing issues of concept ambiguity and lack of standards, facilitating innovation and regulatory compliance [11] - The policy framework supporting the brain-computer interface industry is evolving, with strategic initiatives from national to local levels aimed at fostering innovation and market growth [11] Company Analysis: Fulaite (601865.SH) - Fulaite is positioned in the top tier of the photovoltaic glass industry, with expected EPS of 0.31, 0.46, and 0.84 for 2025-2027, corresponding to PE ratios of 53.9, 36.1, and 19.8 [14] - The company is anticipated to benefit from an improved supply-demand balance in the photovoltaic glass market, leading to a recovery in profitability [13][14] Company Analysis: Xianghe Industrial (603500.SH) - Xianghe Industrial reported a revenue of 3.81 billion, a year-on-year increase of 6.49%, with a net profit of 640 million, up 96.56% [20] - The company is focusing on core business areas, including rail transportation products, which have shown significant growth due to participation in major railway projects [20] - The demand for intelligent railway detection equipment is expected to grow, with the company actively developing related technologies [20]

铁路交通设备 祥和实业（603500.SH） 增持-A(首次) 利润高增彰显成长韧性，铁路智能检测装备打开发展空间 2025 年 9 月 24 日 公司研究/公司快报 公司近一年市场表现 事件描述 近日，祥和实业股份发布 2025 年中报。2025 年 H1 公司实现营业收入 3.81 亿元，同比+6.49%；归母净利润为 0.64 亿元，同比+96.56%；扣非净利 润为 0.63 亿元，同比+101.02%。 事件点评 营收利润双增，盈利能力显著改善。上半年，公司营收实现稳健增长， 主要得益于其在产品创新、市场拓展以及内部管理优化等方面的积极作为。 分业务来看，轨道交通相关产品营收达 1.68 亿元，同比大幅增长 35.16%， 主要得益于深度参与广湛、西十等重大铁路项目供货，以及成功开拓大秦重 载铁路专用垫板等新业务。电子元器件配件业务营收为 1.14 亿元，凭借与贵 弥功等知名企业的稳固合作，保持了稳定增长态势。高分子改性材料业务营 收 9381.74 万元，主要受益于下游市场需求增长及自身产能布局推进。上半 年公司毛利率为 30.92%，同比+5.44pct，销售净利率为 17.26%，同比+7.6 ...

Group 1 - The rail transit equipment sector experienced a decline of 1.82% on September 18, with Xianghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] - Key stocks in the rail transit equipment sector showed mixed performance, with Gongda Gaoke rising by 6.04% to a closing price of 21.07 [1] Group 2 - The main funds in the rail transit equipment sector saw a net outflow of 232 million yuan, while retail investors had a net inflow of 190 million yuan [2] - Notable declines included Xianghe Industrial, which fell by 4.74% to a closing price of 11.45, and Bidetech, which decreased by 4.40% to 50.46 [2] - The trading volume for Xianghe Industrial was 159,900 shares, contributing to a transaction amount of 188 million yuan [2]

Group 1 - The core point of the news is that Xianghe Industrial experienced a decline of 5.07% in its stock price, reaching 11.41 CNY per share, with a trading volume of 170 million CNY and a turnover rate of 4.35%, resulting in a total market capitalization of 3.797 billion CNY [1] - Xianghe Industrial, established on October 5, 1997, and listed on September 4, 2017, is based in Tiantai County, Zhejiang Province. The company specializes in the research, production, and sales of rail fastening systems, electronic component accessories, and modified polymer materials [1] - The revenue composition of Xianghe Industrial includes 44.17% from rail transportation-related products, 29.94% from electronic component accessories, 24.64% from modified polymer materials, 0.83% from other supplementary products, and 0.42% from drone supporting products [1] Group 2 - From the perspective of major fund holdings, one fund under Jin Ying Fund has a significant position in Xianghe Industrial. The Jin Ying Minfeng Return Mixed Fund (004265) held 300,000 shares in the second quarter, accounting for 1.75% of the fund's net value, making it the second-largest holding [2] - The Jin Ying Minfeng Return Mixed Fund (004265) was established on June 28, 2017, with a current scale of 157 million CNY. Year-to-date, it has achieved a return of 23.44%, ranking 3934 out of 8172 in its category; over the past year, it has returned 50.03%, ranking 3362 out of 7980; and since inception, it has returned 83% [2]

| 股票简称 | 股票代码 | 限售股类型 | 解禁股数 | | --- | --- | --- | --- | | 佛燃能源 | 002911 | 股权激励限售流通 | 990万 | | 莱克电气 | 603355 | 股权激励限售流通 | 235.28万 | | 祥和实业 | 603500 | 股权激励限售流通 | 27.32万 | | 天地数码 | 300743 | 股权激励限售流通 | 22.27万 | | 康冠科技 | 001308 | 延长限售锁定期流通 | 4.59亿 | | 理工导航 | 688282 | | 5148万 | 9月18日共有6家上市公司的限售股解禁，解禁总市值约134.75亿元。 今日具体限售解禁股情况如下： ...

Market Overview - On September 17, the rail transit equipment sector rose by 0.39% compared to the previous trading day, with Kanni Electromechanical leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Top Performers - Kanni Electromechanical (603111) closed at 8.33, with a gain of 6.25% and a trading volume of 359,900 shares, amounting to a transaction value of 294 million yuan [1] - Xianghe Industrial (603500) closed at 12.02, up 5.62%, with a trading volume of 235,800 shares and a transaction value of 283 million yuan [1] - Times New Material (600458) closed at 15.05, increasing by 4.30%, with a trading volume of 193,600 shares and a transaction value of 286 million yuan [1] Underperformers - Jiaokong Technology (688015) closed at 26.21, down 3.11%, with a trading volume of 49,100 shares and a transaction value of 130 million yuan [2] - Quanta Vehicle (301048) closed at 12.68, down 1.63%, with a trading volume of 75,100 shares and a transaction value of 95 million yuan [2] - Railway Technology (301016) closed at 23.69, down 1.50%, with a trading volume of 117,500 shares and a transaction value of 277 million yuan [2] Capital Flow - The rail transit equipment sector saw a net inflow of 36.47 million yuan from institutional investors, while retail investors experienced a net inflow of 34.64 million yuan [2] - However, speculative funds recorded a net outflow of 71.11 million yuan [2] Individual Stock Capital Flow - Yonggui Electric (300351) had a net outflow of 48.59 million yuan from institutional investors, while it saw a net inflow of 860,730 yuan from speculative funds [3] - Tongye Technology (300960) experienced a net inflow of 20.80 million yuan from institutional investors, with a net outflow of 415,940 yuan from speculative funds [3] - Times New Material (600458) had a net inflow of 20.63 million yuan from institutional investors, while retail investors saw a net outflow of 24.87 million yuan [3]

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、业绩说明会召开情况 浙江天台祥和实业股份有限公司（以下简称"公司"）于 2025 年 9 月 5 日(星 期 五 ) 下 午 13:00-14:00 通 过 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/）召开了 2025 年半年度业绩说明会。公司总经 理汤娇女士、副总经理、董事会秘书齐伟先生、财务总监郑远飞女士、独立董事 陈希琴女士针对 2025 年半年度的经营成果及财务指标的具体情况与投资者进行 互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、交流的主要问题及本公司的回复情况 （1）请问公司各项业务的经营情况如何？ 证券代码：603500 证券简称：祥和实业 公告编号：2025-047 答：尊敬的投资者您好！报告期内，公司实现营业收入为 38,074.98 万元， 较上年同期增长 6.49%，归属于上市公司股东扣非净利润为 6,304.66 万元，较 上年同期增长 ...

Market Overview - The rail transit equipment sector experienced a decline of 1.52% on September 3, with Xianghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Bidetech (605298) saw an increase of 4.15% in its closing price at 34.89, with a trading volume of 82,800 shares and a transaction value of 287 million [1] - Xianghe Industrial (603500) reported a significant decline of 7.56%, closing at 10.76, with a trading volume of 326,800 shares and a transaction value of 357 million [2] - Other notable performers included Gongda High-Tech (688367) with a 1.81% increase and a closing price of 18.60, and Kani Electromechanical (603111) with a 1.17% increase, closing at 7.77 [1] Capital Flow Analysis - The rail transit equipment sector experienced a net outflow of 157 million from institutional investors, while retail investors saw a net inflow of 45.79 million [2] - The main capital inflow was observed in Xianghe Industrial, with a net inflow of 28.57 million from institutional investors, despite a net outflow of 50.42 million from retail investors [3] - Other stocks like Jiaokong Technology (688015) and Times New Materials (600458) also showed mixed capital flows, with varying degrees of net inflows and outflows from different investor categories [3]

Group 1 - The National Standardization Administration and the Ministry of Industry and Information Technology issued a plan to establish a high-quality standard system for industrial mother machines by 2026, aiming to enhance product quality and equipment upgrades, with at least 300 standards to be revised or formulated [2] - The Shanghai Futures Exchange announced the expansion of trading varieties for qualified foreign institutional investors starting September 10, 2025, including new futures and options contracts for petroleum asphalt and fuel oil [2] - The National Medical Insurance Administration is promoting the direct issuance of maternity allowances to individuals, with 20 provinces implementing this system, covering nearly 80% of the coordinated areas [3] - From September 1, new national standards for AI-generated content identification, network attack event determination, and safety of electric bicycles will be implemented to support the healthy development of emerging industries [5] Group 2 - Guizhou Moutai's controlling shareholder increased holdings by 67,821 shares on September 1 [4] - BYD's new energy vehicle sales reached 373,600 units in August [4] - Chengdu Huami launched a high-precision RF ADC chip [4] - JD Group made a voluntary public acquisition offer to CECONOMY [4] - Sichuan Jinding's subsidiary obtained a mining license [4] - Su Da Weige plans to acquire up to 51% of Changzhou Weipu [4] Group 3 - Guotai Junan Securities expects a balanced market expansion, with a focus on new technology trends and consumer demand, recommending sectors like financials and high-dividend stocks [6] - Dongwu Securities highlights the role of policies in supporting AI applications, suggesting a focus on downstream applications with long-term certainty [7] -招商证券 notes marginal improvements in revenue, recommending attention to midstream manufacturing and healthcare sectors [8]