证券代码：603699 证券简称：纽威股份 公告编号：临 2025-075 苏州纽威阀门股份有限公司 第五届董事会第三十四次会议决议公告 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 二、董事会会议审议情况 本次会议经与会董事认真审议，以投票表决方式做出如下决议： 1、审议通过《关于拟收购控股子公司少数股东剩余股权的议案》； 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《关 于拟收购控股子公司少数股东剩余股权的公告》。 本议案已经公司第五届董事会战略委员会2025年第二次会议审议通过，并同 意将此项议案提交公司董事会审议。 表决结果：同意7票、反对0票、弃权0票。 本议案尚需提交公司2025年第五次临时股东大会审议。 2、审议通过《关于2023年限制性股票激励计划首次授予部分第二个解除限 售期解除限售条件成就的议案》； 根据公司《2023年限制性股票激励计划（草案修订稿）》《2023年限制性股 1 苏州纽威阀门股份有限公司（以下简称"公司"）第五届董事会第三十四次 会 ...

Group 1 - The core point of the article is that Nuo Wei Co., Ltd. announced a board meeting to discuss changes in registered capital and amendments to the company's articles of association [1] - The company's revenue composition for the year 2024 is reported to be 99.29% from industrial valves and 0.71% from other businesses [1] - As of the report, Nuo Wei Co., Ltd. has a market capitalization of 43 billion yuan [1]

Core Viewpoint - The company plans to acquire 40% of its subsidiary Dongwu Machinery for 139 million yuan, resulting in 100% ownership post-transaction, which aims to enhance operational efficiency and market adaptability [1] Group 1: Transaction Details - The company will use its own funds of 139 million yuan to acquire the 40% stake in Dongwu Machinery [1] - After the acquisition, the company will hold 100% ownership of Dongwu Machinery [1] Group 2: Strategic Implications - The governance structure of Dongwu Machinery will be optimized, improving decision-making efficiency to better meet market changes and customer needs [1] - The acquisition is expected to enhance the synergy between the company and Dongwu Machinery, allowing for a more comprehensive industrial valve solution [1] - This move is anticipated to strengthen the company's overall competitiveness and brand influence in the global market [1]

Core Viewpoint - The company plans to acquire 40% equity of its subsidiary Dongwu Machinery for 139 million yuan, resulting in 100% ownership post-transaction [1] Group 1: Transaction Details - The acquisition will be funded by the company's own capital amounting to 139 million yuan [1] - After the transaction, the company will fully own Dongwu Machinery, which is a key subsidiary [1] Group 2: Strategic Implications - The governance structure of Dongwu Machinery will be optimized, enhancing operational decision-making efficiency [1] - The acquisition is expected to strengthen the synergy between the company and Dongwu Machinery, allowing for a more comprehensive industrial valve solution [1] - This move aims to enhance the company's competitiveness and brand influence in the global market [1]

11月4日，纽威股份盘中上涨2.07%，截至09:38，报54.80元/股，成交4779.40万元，换手率0.12%，总市 值424.99亿元。 截至9月30日，纽威股份股东户数1.38万，较上期增加10.65%；人均流通股54711股，较上期减少 9.63%。2025年1月-9月，纽威股份实现营业收入56.03亿元，同比增长25.76%；归母净利润11.14亿元， 同比增长34.54%。 分红方面，纽威股份A股上市后累计派现45.98亿元。近三年，累计派现22.80亿元。 机构持仓方面，截止2025年9月30日，纽威股份十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股1.03亿股，相比上期增加4056.53万股。嘉实价值长青混合A（010273）位居第九大流通股 东，持股640.16万股，相比上期减少299.98万股。嘉实价值臻选混合A（011518）位居第十大流通股 东，持股310.40万股，为新进股东。嘉实价值驱动一年持有期混合A（012533）退出十大流通股东之 列。 责任编辑：小浪快报 资金流向方面，主力资金净流入184.81万元，特大单买入0.00元，占比0.00%，卖出149.68 ...

Core Insights - The Jiaxing Municipal Federation of Industry and Commerce released the "Top 100 Private Enterprises in Jiaxing for 2025," highlighting the Satellite Group's leading positions in multiple categories, including first in profit and tax contributions, and third in revenue [1][5]. Group 1: Company Performance - Satellite Group ranked first in both profit and tax contributions among private enterprises in Jiaxing, showcasing its strong financial performance [1][5]. - The company achieved a revenue of 456 billion yuan in 2024, reflecting a 10% year-on-year growth, and a net profit of 61 billion yuan [6]. - Satellite Group has applied for over 1,000 patents, placing it among the top industrial enterprises in Jiaxing [6]. Group 2: Industry Position - Satellite Group is recognized as a leading domestic and internationally known chemical new materials technology company, emphasizing its competitive edge in the industry [6]. - The company is part of a broader trend in Jiaxing, where innovative and technology-driven private enterprises are emerging as key players in the region's economic development [6][7]. Group 3: Research and Development - Satellite Group ranked second in R&D investment among private enterprises in Jiaxing, indicating a strong commitment to innovation [1][5]. - The company is constructing the "Satellite Future R&D Center," which marks a significant milestone in its innovation strategy [6]. Group 4: Economic Contribution - The "Top 100" lists reflect the competitive landscape and development potential of private enterprises in Jiaxing, with Satellite Group contributing significantly to the local economy [5]. - Jiaxing's private economy is characterized as its greatest asset, with companies like Satellite Group driving high-quality development [6].

Group 1 - The company reported a revenue of 5.6 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 25.8% [1] - The net profit attributable to shareholders for the same period was 1.11 billion yuan, with a year-on-year increase of 34.5% [1] - In Q3 alone, the company achieved a revenue of 2.2 billion yuan, showing a year-on-year growth of 36.0% and a quarter-on-quarter increase of 19.0% [1] Group 2 - The company's gross margin for the first three quarters of 2025 was 36.9%, up 0.2 percentage points year-on-year, while the net profit margin was 20.1%, up 1.4 percentage points year-on-year [1] - As of Q3 2025, the company had a gross margin of 38.7%, which is a decrease of 0.2 percentage points year-on-year but an increase of 2.6 percentage points quarter-on-quarter [1] - The company’s contract liabilities reached 650 million yuan, reflecting an increase of 84.3% compared to the beginning of the year [1] Group 3 - The global valve market is expected to exceed 92.3 billion USD by 2025, driven by energy transition and smart infrastructure demand [2] - The company provides high-performance products across various sectors, including oil and gas, chemicals, marine engineering, power energy, hydrogen, energy storage, carbon capture, and new energy [2] - The expansion of the company's factory in Vietnam and the new factory in Saudi Arabia are expected to be completed by 2026, enhancing the company's global strategy and market competitiveness [2] Group 4 - The forecasted net profits attributable to shareholders for 2025, 2026, and 2027 are 1.56 billion yuan, 1.96 billion yuan, and 2.29 billion yuan, respectively, indicating a compound annual growth rate of 26% over the next three years [2] - The company maintains a "buy" rating due to strong order backlog and anticipated growth from overseas business expansion and new capacity release [2]

Group 1 - The QFII system has become a significant channel for foreign capital to enter the A-share market since its introduction in 2002, with distinct stock selection preferences and investment styles compared to domestic funds [1][8] - In the third quarter, at least 121 stocks were increased in holdings by QFII, with the most significant increases not in the semiconductor sector but in electrical equipment, machinery, hardware, and chemicals [2][3] - Major QFII institutions like Morgan Stanley and Abu Dhabi Investment Authority have continued to increase their positions in A-shares, with a focus on a diversified portfolio of stocks [1][2] Group 2 - The top five industries with the most significant QFII increases in holdings in the third quarter were machinery, hardware equipment, electrical equipment, semiconductors, and chemicals [2] - Notably, only one stock from the banking sector, Nanjing Bank, was among the top 20 stocks increased by QFII, with a significant increase of 124 million shares by BNP Paribas [4] - Abu Dhabi Investment Authority has a concentrated investment style, holding only 22 stocks, and has made selective increases and decreases in its holdings, including a notable reduction in its stake in Zijin Mining [5][6] Group 3 - The GATES FOUNDATION TRUST has a concentrated portfolio with a preference for small-cap stocks, holding only two stocks at the end of the third quarter [6] - The Macau Monetary Authority has been active in increasing its holdings, particularly in the non-ferrous metals, food and beverage, and automotive sectors [7] - The QFII system is expected to expand further, with over 900 qualified foreign investors and ongoing reforms aimed at making it easier for foreign investors to participate in the Chinese market [8]

Core Viewpoint - Nuwai Co., Ltd. has shown significant stock price growth and strong financial performance in 2023, indicating a positive outlook for the company in the industrial valve sector [1][2]. Financial Performance - For the period from January to September 2025, Nuwai achieved a revenue of 5.603 billion yuan, representing a year-on-year increase of 25.76% [2]. - The net profit attributable to shareholders for the same period was 1.114 billion yuan, reflecting a year-on-year growth of 34.54% [2]. - Cumulatively, the company has distributed 4.598 billion yuan in dividends since its A-share listing, with 2.280 billion yuan distributed over the last three years [3]. Stock Performance - As of October 29, Nuwai's stock price increased by 160.15% year-to-date, with a 22.52% rise over the last five trading days, 24.85% over the last twenty days, and 84.59% over the last sixty days [1]. - The stock was trading at 53.20 yuan per share, with a market capitalization of 41.258 billion yuan [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 10.65% to 13,800, while the average number of circulating shares per person decreased by 9.63% to 54,711 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 103 million shares, an increase of 40.565 million shares from the previous period [3].

Core Viewpoint - The report from Zheshang Securities indicates that Nuway Co., Ltd. achieved a net profit attributable to shareholders of 1.11 billion yuan in the first three quarters, representing a year-on-year increase of 34.5% [1] Financial Performance - In Q3 2025, the net profit attributable to shareholders was 480 million yuan, showing a year-on-year growth of 40.4% [1] - As of the end of Q3 2025, the company's contract liabilities reached 650 million yuan, a significant year-on-year increase of 256% [1] - Inventory stood at 2.72 billion yuan, reflecting a year-on-year increase of 13.9% [1] Market Position and Strategy - The company operates globally, covering over 90 countries across five continents, with four manufacturing plants for castings and forgings located in Suzhou, Dafeng, and Liyang to meet order demands [1] - The company is positioned to achieve over 60% of its revenue from overseas markets in 2024, with downstream applications in oil and gas, marine engineering, water treatment, power, and new energy sectors [1] - Currently, the company's global market share is relatively low compared to industry leader Emerson, indicating significant growth potential as the company continues to advance into the mid-to-high-end valve market [1]