Core Viewpoint - The company reported strong financial performance for the first half of 2025, with significant year-on-year growth in revenue and net profit, driven by high demand in downstream sectors such as LNG, marine engineering, and shipbuilding [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 3.404 billion yuan, a year-on-year increase of 19.96%, and a net profit attributable to shareholders of 637 million yuan, up 30.44% year-on-year [1]. - In Q2 2025, the company recorded revenue of 1.848 billion yuan, representing a year-on-year growth of 25.03% and a quarter-on-quarter increase of 18.80%. The net profit for Q2 was 374 million yuan, up 28.37% year-on-year and 42.34% quarter-on-quarter [1]. Growth Drivers - The company's net profit margin improved to 18.9%, an increase of 1.5 percentage points year-on-year, primarily due to: 1. Sustained high demand in LNG, marine engineering, and shipbuilding sectors, leading to higher revenue recognition from high-margin orders. 2. Rapid growth in new business areas such as nuclear power and water treatment. 3. Cost improvements from equipment upgrades and declining raw material prices [2]. Order Backlog and R&D - The company reported contract liabilities of 505 million yuan, a year-on-year increase of 122.5%, indicating a strong order backlog and potential for continued high growth in future performance [2]. - R&D expenses for H1 2025 were 92.68 million yuan, a year-on-year increase of 19.65%, focusing on technological upgrades and breakthroughs in nuclear-grade equipment and high-pressure valves [2]. Market Outlook - The company is well-positioned in the industrial valve sector, with a marketing network covering over 90 countries and strong international competitiveness. It has successfully secured large projects both domestically and internationally [3]. - The company is expected to benefit from the ongoing global energy transition, particularly in LNG, marine engineering, and nuclear power sectors, with a robust order pipeline supporting medium-term growth [3]. - Long-term growth is supported by the company's comprehensive valve solutions, global channel advantages, and continuous breakthroughs in emerging fields, which are likely to enhance market share and profitability [3]. Investment Projections - Revenue projections for 2025-2027 are 7.460 billion yuan, 8.963 billion yuan, and 10.772 billion yuan, respectively, with net profits of 1.486 billion yuan, 1.833 billion yuan, and 2.255 billion yuan [4]. - The current stock price corresponds to a price-to-earnings ratio of 17.8X, 14.4X, and 11.7X for the years 2025, 2026, and 2027, respectively, maintaining a "buy" rating [4].

上述期间，纽威股份的加权均价为32.828元，据计算，纽威集团减持金额为2.15亿元。 中国经济网北京9月12日讯纽威股份（603699）(603699.SH)昨晚发布关于控股股东及其一致行动人权益 变动触及1%刻度的提示性公告。纽威集团有限公司(以下简称"纽威集团")于2025年7月22日至2025年9月 10日期间，通过集中竞价方式累计减持公司股份6,551,044股，占公司当前总股本的0.84%。 2025年6月27日，公司披露了《苏州纽威阀门股份有限公司控股股东的一致行动人集中竞价减持股份计 划公告》，纽威集团计划通过集中竞价交易方式减持公司股份数量不超过7,490,620股，将于减持计划公 告之日起15个交易日后的3个月内进行，减持价格视市场情况确定。 纽威股份2024年年报显示，公司的控股股东和实际控制人是王保庆、陆斌、程章文、席超，纽威集团系 四人共同持有的持股平台。 本次权益变动后，股东纽威集团、王保庆、程章文、陆斌、席超、北京恒德时代私募基金管理有限公 司-恒德智信20号私募证券投资基金、北京恒德时代私募基金管理有限公司-恒德远征金锐1号私募证券 投资基金合计持有公司股份数量由493,750 ...

分红方面，纽威股份A股上市后累计派现41.48亿元。近三年，累计派现18.30亿元。 纽威股份今年以来股价涨69.33%，近5个交易日涨3.43%，近20日涨7.71%，近60日涨13.92%。 资料显示，苏州纽威阀门股份有限公司位于江苏省苏州市苏州高新区泰山路666号，成立日期2002年11 月14日，上市日期2014年1月17日，公司主营业务涉及工业阀门的设计、制造和销售。主营业务收入构 成为：阀门及零件97.34%，铸件及锻件1.95%，其他(补充)0.71%。 纽威股份所属申万行业为：机械设备-通用设备-金属制品。所属概念板块包括：价值成长、氢能源、机 械、风能、海上风电等。 截至6月30日，纽威股份股东户数1.25万，较上期减少0.62%；人均流通股60539股，较上期增加0.63%。 2025年1月-6月，纽威股份实现营业收入34.04亿元，同比增长19.96%；归母净利润6.37亿元，同比增长 30.44%。 9月12日，纽威股份盘中下跌2.01%，截至10:54，报35.61元/股，成交7526.32万元，换手率0.28%，总市 值276.16亿元。 资金流向方面，主力资金净流入103.39万 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-059 苏州纽威阀门股份有限公司 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 投资者及其一致行动人的身份 ☑控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人（仅适用 关于控股股东及其一致行动人权益变动触及 1%刻度 的提示性公告 纽威集团有限公司及其一致行动人王保庆、程章文、陆斌、席超、北 京恒德时代私募基金管理有限公司－恒德智信 20 号私募证券投资基金、北 京恒德时代私募基金管理有限公司－恒德远征金锐 1 号私募证券投资基金 保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 注：2025 年 09 月 05 日，公司董事会已完成 2025 年限制性股票激励计划 的授予登记工作，公司总股本由 768,573,661 股变动至 775,526,127 股，总股本增 加 0.90%。 重要内容提示： 权益变动方向 比例增加□ 比例减少☑ 权益变动前合计比例 64.25% ...

Core Viewpoint - Suzhou Neway Valve Co., Ltd. announced a share reduction plan by its controlling shareholder, Neway Group, which will not significantly impact the company's governance or operations [1] Group 1 - From July 22 to September 10, 2025, Neway Group reduced its shareholding by 6,551,044 shares, accounting for 0.84% of the total share capital [1] - After this reduction, the combined shareholding of the controlling shareholder and its concerted parties decreased from 64.25% to 62.82%, reaching a 1% threshold [1] - The share reduction is part of an ongoing plan and does not trigger a mandatory tender offer, consistent with previous disclosures [1]

此次河南新乡心连心晋华炉的吊装成功，对潞安化机拓展全炉型（包括晋华炉、赛鼎炉、BGL炉、航天 迈未炉、多元料浆炉、四喷嘴气化炉和生物质气化炉）市场技术服务以及推广耐火砖改造升级业务具有 重要意义。未来，潞安化机将持续聚焦"绿色化、智能化、高端化、国际化"战略布局，在不断增强"气 化炉"核心优势的同时，加快氢能、储能等新能源装备研发，不断推动企业做强做优做大。 9月7日，从河南心连心化学工业集团股份有限公司化工新材料项目（一期）工程传来消息，由潞安化工 机械（集团）有限公司（以下简称"潞安化机"）联合清华大学共同研制的"晋华炉"吊装成功。这是晋华 炉首台日投煤量3000吨级的气化炉，标志着晋华炉在市场拓展方面取得了新突破。 晋华炉作为潞安化机核心产品，它的诞生实现了两大突破：一是将"水煤浆+水冷壁+辐射式蒸汽发生 器"进行组合，实现工业化；二是通过升级为联产炉，开创了新型煤气化技术改造的先河，真正实现了 中国自主煤气化技术在海外的商业化应用。 据悉，心连心新材料项目（一期）工程位于河南省新乡市，该基地有6台水煤浆耐火砖气化炉，随着此 次晋华炉吊装成功，该基地将组成7台气化炉的气化岛。本次采用的晋华炉为水煤浆水冷 ...

Group 1 - The core point of the news is that Nuwai Co., Ltd. experienced a stock price increase of 5.2%, reaching 35.79 yuan per share, with a trading volume of 247 million yuan and a turnover rate of 0.93%, resulting in a total market capitalization of 27.756 billion yuan [1] - Nuwai Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on November 14, 2002, with its listing date on January 17, 2014. The company's main business involves the design, manufacturing, and sales of industrial valves [1] - The revenue composition of Nuwai Co., Ltd. is as follows: 97.34% from valves and parts, 1.95% from castings and forgings, and 0.71% from other supplementary sources [1] Group 2 - From the perspective of major fund holdings, one fund under Galaxy Fund has a significant position in Nuwai Co., Ltd. The Galaxy Core Advantage Mixed A Fund (011629) held 134,300 shares in the second quarter, accounting for 4.7% of the fund's net value, ranking as the tenth largest holding [2] - The Galaxy Core Advantage Mixed A Fund (011629) was established on July 22, 2022, with a latest scale of 88.4021 million yuan. Year-to-date, it has achieved a return of 15.12%, ranking 4804 out of 8179 in its category, and a one-year return of 32.02%, ranking 4661 out of 7984 [2] - The fund manager, Li Yifan, has been in position for 2 years and 129 days, with the fund's total assets currently at 88.9919 million yuan. The best return during his tenure was -6.89%, while the worst was -7.78% [2]

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-058 苏州纽威阀门股份有限公司 关于 2025 年限制性股票激励计划 授予结果公告 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： 一、限制性股票授予情况 苏州纽威阀门股份有限公司（以下简称"公司"）于 2025 年 07 月 17 日召开 了第五届董事会第三十次会议、第五届监事会第二十三次会议，审议通过了《关 于向 2025 年限制性股票激励计划激励对象授予限制性股票的议案》，公司监事 会对激励对象名单进行了核查并发表了同意的意见。根据公司 2025 年限制性股 票激励计划（以下简称"激励计划"）的规定和公司了 2025 年第三次临时股东大 会授权，公司董事会已完成限制性股票的授予登记工作，限制性股票的授予登记 情况如下： （一）限制性股票授予的具体情况 1、授予日：2025 年 07 月 17 日。 2、授予数量：771.3799 万股。 3、股票来源：向激励对象定向发行公司 A 股普通股股票。 （一）有效期 4、首次授予对象：在公司（含 ...

纽威股份今年以来股价涨60.39%，近5个交易日跌0.18%，近20日涨1.14%，近60日涨5.31%。 资料显示，苏州纽威阀门股份有限公司位于江苏省苏州市苏州高新区泰山路666号，成立日期2002年11 月14日，上市日期2014年1月17日，公司主营业务涉及工业阀门的设计、制造和销售。主营业务收入构 成为：阀门及零件97.34%，铸件及锻件1.95%，其他(补充)0.71%。 纽威股份所属申万行业为：机械设备-通用设备-金属制品。所属概念板块包括：机械、氢能源、海上风 电、风能、价值成长等。 9月8日，纽威股份盘中下跌2.03%，截至10:52，报33.73元/股，成交1.09亿元，换手率0.42%，总市值 259.24亿元。 资金流向方面，主力资金净流入26.92万元，特大单买入134.11万元，占比1.23%，卖出401.16万元，占 比3.68%；大单买入1506.88万元，占比13.83%，卖出1212.91万元，占比11.13%。 截至6月30日，纽威股份股东户数1.25万，较上期减少0.62%；人均流通股60539股，较上期增加0.63%。 2025年1月-6月，纽威股份实现营业收入34.0 ...

Group 1 - The core viewpoint of the article highlights the performance and outlook of the AI Fund, Xingsheng Global Sustainable Investment Three-Year Open Mixed Fund, which reported a profit of 14.51 million yuan in the first half of 2025, with a weighted average profit per fund share of 0.0398 yuan [3] - The fund's net value growth rate for the first half of 2025 was 3.72%, and the fund size reached 405 million yuan by the end of the reporting period [3][30] - The fund manager expressed optimism about investment opportunities arising from the global expansion of high-end Chinese products, rapid AI development, and stable dividend policies [3] Group 2 - As of September 5, 2025, the fund's one-year cumulative net value growth rate was 35.58%, ranking 399 out of 604 comparable funds [5] - The fund's three-month and six-month cumulative net value growth rates were 22.09% and 16.44%, respectively, ranking 222 out of 607 and 337 out of 607 among comparable funds [5] - The fund's weighted average price-to-earnings ratio (TTM) was approximately 8.69 times, significantly lower than the industry average of 33.74 times [9] Group 3 - The weighted year-on-year revenue growth rate (TTM) for the stocks held by the fund was 0.12%, while the weighted net profit growth rate (TTM) was 0.27% [15] - The fund's average stock position since inception was 83.42%, with a peak of 88.94% in the first half of 2024 [29] - As of June 30, 2025, the fund had 5,836 holders, with individual investors holding 70.73% of the shares [33]