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%。 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6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五大流 通股东，持股6292.84万股，相比上期增加1070.51万股。嘉实价值长青混合A（010273）位居第八大流 通股东，持股940.14万股，相比上期减少30.47万股。嘉实价值驱动一年持有期混合A（012533）位居第 九大流通股东，持股749.47万股，相比上期减少89.20万股。 10月20日，纽威股份涨1.41%，成交额1.25亿元。两融数据显示，当日纽威股份获融资买入额1218.56万 元，融资偿还1229.01万元，融资净买入-10.45万元。截至10月20日，纽威股份融资融券余额合计1.20亿 元。 融资方面，纽威股份当日融资买入1218.56万元。当前融资余额1.16亿元， ...

Group 1 - The fourth extraordinary general meeting of shareholders of Suzhou Neway Valve Co., Ltd. was held on October 17, 2025, in Suzhou, Jiangsu Province [2][3] - All resolutions presented at the meeting were approved, including the proposal for external investment in a casting project and the relocation of a controlling subsidiary [4][6] - The meeting was presided over by the chairman, Mr. Lu Liangfeng, and complied with the relevant laws and regulations [2][6] Group 2 - The company announced the release of share pledges by its controlling shareholder, Mr. Cheng Zhangwen, with a total share capital of 775,526,127 shares [9][10] - After the release of the pledge, Mr. Cheng Zhangwen has no pledged shares, representing 0.00% of his total holdings and the total shares held by the controlling shareholders and their concerted actors [9][11] - The controlling shareholders and their concerted actors hold a total of 486,259,648 shares, accounting for 62.70% of the company's total share capital [9][12] Group 3 - The controlling shareholders have no non-operating fund occupation, illegal guarantees, or related transactions that harm the company's interests [16] - The financial status of the controlling shareholders is good, with repayment sources including dividends and investment income from the listed company [16] - The share pledges of the controlling shareholders will not affect the company's operations or governance, nor will they lead to changes in actual control [16]

- The report tracks the market trend by monitoring stocks that have reached new highs, using the 250-day high distance as a key metric[11] - The 250-day high distance is calculated as follows: $ 250 \text{ day high distance} = 1 - \frac{Closet}{ts\_max(Close, 250)} $ where Closet is the latest closing price and ts_max(Close, 250) is the maximum closing price over the past 250 trading days[11] - As of October 17, 2025, the 250-day high distances for major indices are: Shanghai Composite Index 2.39%, Shenzhen Component Index 7.55%, CSI 300 4.15%, CSI 500 7.06%, CSI 1000 6.05%, CSI 2000 6.64%, ChiNext Index 10.01%, and STAR 50 Index 11.43%[12][13][15] Quantitative Models and Construction Methods 1. **Model Name: 250-day High Distance** - **Model Construction Idea:** The model tracks the distance of the latest closing price from the highest closing price in the past 250 trading days to identify stocks that are reaching new highs[11] - **Model Construction Process:** - Calculate the 250-day high distance using the formula: $ 250 \text{ day high distance} = 1 - \frac{Closet}{ts\_max(Close, 250)} $ where Closet is the latest closing price and ts_max(Close, 250) is the maximum closing price over the past 250 trading days[11] - **Model Evaluation:** The model is effective in identifying stocks that are reaching new highs, which can be considered market leaders and potential investment opportunities[11] Model Backtesting Results 1. **250-day High Distance Model** - Shanghai Composite Index: 2.39%[12] - Shenzhen Component Index: 7.55%[12] - CSI 300: 4.15%[12] - CSI 500: 7.06%[12] - CSI 1000: 6.05%[12] - CSI 2000: 6.64%[12] - ChiNext Index: 10.01%[12] - STAR 50 Index: 11.43%[12] Quantitative Factors and Construction Methods 1. **Factor Name: Smooth Momentum** - **Factor Construction Idea:** The factor focuses on stocks with smooth price paths and consistent momentum, as these stocks tend to have higher returns compared to those with jumpy price paths[24] - **Factor Construction Process:** - **Analyst Attention:** At least 5 buy or overweight ratings in the past 3 months[26] - **Relative Strength:** Top 20% in terms of 250-day price change[26] - **Price Stability:** Combine the following two indicators and select the top 50% of stocks: - Price path smoothness: Ratio of price displacement to price path length[26] - Consistency of new highs: Average 250-day high distance over the past 120 days[26] - **Trend Continuation:** Average 250-day high distance over the past 5 days, select the top 50 stocks[26] - **Factor Evaluation:** The factor effectively identifies stocks with strong and stable momentum, which are likely to continue performing well[24] Factor Backtesting Results 1. **Smooth Momentum Factor** - Selected stocks include: Xiangnong Chip, Oriental Tower, Neway Valve, etc.[27] - Sector distribution: Cyclical (14 stocks), Manufacturing (8 stocks)[27] - Industry leaders: Non-ferrous metals in the cyclical sector, machinery in the manufacturing sector[27]

Group 1: Market Trends and Highs - The report tracks stocks, industries, and sectors reaching new highs, serving as market indicators and highlighting the effectiveness of momentum and trend-following strategies [1][4] - As of October 17, 2025, the distance to the 250-day new highs for major indices are: Shanghai Composite Index at 2.39%, Shenzhen Component Index at 7.55%, CSI 300 at 4.15%, CSI 500 at 7.06%, CSI 1000 at 6.05%, CSI 2000 at 6.64%, ChiNext Index at 10.01%, and STAR Market 50 Index at 11.43% [5][26] - Among the CITIC primary industry indices, sectors such as Power and Utilities, Nonferrous Metals, Steel, Coal, and Electric Equipment & New Energy are closest to their 250-day new highs, while Food & Beverage, Consumer Services, Comprehensive Finance, Banking, and Oil & Petrochemicals are further away [9][26] Group 2: High-Performing Stocks - A total of 1,233 stocks reached 250-day new highs in the past 20 trading days, with the highest numbers in the Electronics, Machinery, and Basic Chemicals sectors [2][14] - The highest proportion of new high stocks is found in Nonferrous Metals, Electronics, and Steel industries, with respective proportions of 59.68%, 41.20%, and 39.62% [14][26] - The Technology and Manufacturing sectors had the most stocks reaching new highs this week, with respective counts of 406 and 364 [16][26] Group 3: Stable High-Performing Stocks - The report identifies 27 stable high-performing stocks, including companies like Shannon Chip Creation, Oriental Tower, and Nuway Shares, based on analyst attention, relative strength, price path stability, and continuity of new highs [3][21] - The highest number of stable high stocks comes from the Cyclical and Manufacturing sectors, with 14 and 8 stocks respectively, particularly in Nonferrous Metals and Machinery [21][26]

重要内容提示: 截至本公告日，苏州纽威阀门股份有限公司（以下简称"公司"）总股本 为 775,526,127 股，控股股东、实际控制人及其一致行动人持股情况如下： | 股东名称 | 持股数量（股） | 持股比例（%） | | --- | --- | --- | | 王保庆 | 121,564,912 | 15.68% | | 程章文 | 121,564,912 | 15.68% | | 陆斌 | 83,545,482 | 10.77% | | 席超 | 83,545,482 | 10.77% | | 北京恒德时代私募基金管理有限公司－ 注 1 恒德智信 20 号私募证券投资基金 | 38,019,430 | 4.90% | | 北京恒德时代私募基金管理有限公司－ 2 恒德远征金锐 1 号私募证券投资基金注 | 38,019,430 | 4.90% | | 3 纽威集团有限公司注 | 0 | 0.00% | | 合计 | 486,259,648 | 62.70% | 注 1：以下简称"恒德智信 20 号私募证券投资基金" 注 2：以下简称"恒德远征金锐 1 号私募证券投资基金" 注 3：以下简称"纽威集团" 证 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-070 苏州纽威阀门股份有限公司 2025年第四次临时股东大会决议公告 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、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 10 月 17 日 (二)股东大会召开的地点：江苏省苏州市高新区泰山路 666 号会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 157 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 589,452,717 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 76.0068 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事长鲁良锋先生主持，本次会议的召集、召开程序符合《公 司法》及《公司章程》的规定，表决方式及表决结果合法、有效。 (五)公司董事、监事和董事会秘书的出席情况 二 ...

合 展 兆 丰 律 师 事 务 所 H&Z LAW FIRM 江苏合展兆丰律师事务所 第 1 页 共 6 页 地址：中国.苏州.人民 3110 号国发大厦南楼 10 楼 1006 室 邮编：215031 Address：10F,Guo Fa Mansion,3110 Ren Ming Rd.,Suzhou,China Pc：215031 电话/Tel：+86 512 65583833 网址/Web：www.suzhou-lawyer.com 电邮/E-mail：hzzf@suzhou-lawyer.com 合 展 兆 丰 律 师 事 务 所 H&Z LAW FIRM 关于苏州纽威阀门股份有限公司 2025 年第四次临时股东大会的 法律意见书 苏兆证字（2025）第 1017 号 致：苏州纽威阀门股份有限公司 江苏合展兆丰律师事务所（以下简称"本所"）接受苏州纽威阀门股份有 限公司（以下简称"公司"）的委托，指派张知烈律师、吴开征律师（以下简 称"本所律师"）出席了公司 2025 年第四次临时股东大会（以下简称"本次股 东大会"）的现场会议，现本所根据《中华人民共和国公司法》（以下简称"公 司法"）、《中华人民 ...

Core Viewpoint - Suzhou Neway Valve Co., Ltd. announced its current total share capital and the status of share pledges by its controlling shareholders, indicating a stable financial position and manageable pledge risks [1] Group 1: Share Capital and Ownership - The total share capital of the company is 775,526,127 shares [1] - The controlling shareholders collectively hold 486,259,648 shares, accounting for 62.70% of the total share capital [1] Group 2: Share Pledge Status - On October 16, Cheng Zhangwen released a pledge of 6.5 million shares, which is 5.35% of his holdings and 0.84% of the company's total share capital [1] - After the release, the total pledged shares by the controlling shareholders and their concerted actions amount to 9.25 million shares, representing 1.90% of the total share capital [1] - Within the next year, only 925,000 pledged shares will mature, corresponding to a financing balance of 100 million [1] Group 3: Financial Stability - The controlling shareholders have good creditworthiness, and the pledge risks are considered manageable, ensuring no impact on the company's operations, governance, or control [1]

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-069 苏州纽威阀门股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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法律责任。 重要内容提示： 投资者可于 2025 年 10 月 16 日（星期四）至 10 月 22 日（星期三） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司邮箱 dshbgs@neway.com.cn 进行提问。公司将在说明会上对投资 者普遍关注的问题进行回答。 苏州纽威阀门股份有限公司（以下简称"公司"）已于 2025 年 08 月 22 日发布公司 2025 年半年度报告，为便于广大投资者更全面 深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 10 月 23 日（星期四）14:00-15:00 举行 2025 年半年度业绩说明会， 就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半 会议召开时间：2025 年 10 月 2 ...

Core Insights - The smart control valve industry is experiencing rapid growth driven by policies such as the "14th Five-Year Plan for Intelligent Manufacturing," with the overall market expected to reach approximately 48.2 billion yuan in 2024 and exceed 50 billion yuan in 2025 [1][8] - The smart control valve segment is projected to grow from about 12.7 billion yuan in 2024 to 15.2 billion yuan in 2025, indicating a strong development trend [1][10] - The competitive landscape shows a dominance of foreign brands in the high-end market, with 13 foreign companies accounting for 56.97% of sales among the top 50 firms in 2024, while 37 domestic companies contribute 43.03% [1][9] Industry Overview - Smart control valves are advanced devices based on microprocessors that monitor operational status in real-time and utilize intelligent algorithms for precise control [2] - The industry is characterized by a dual opportunity from policy support and market demand, with domestic companies facing challenges in high-end breakthroughs despite having capabilities in general applications [1][8] Market Dynamics - The smart control valve market is projected to maintain an annual compound growth rate of approximately 10%, driven by the demand from traditional industries like petrochemicals and emerging sectors such as hydrogen energy and semiconductors [1][8][10] - The market structure is undergoing significant adjustments, with the top 50 companies' sales total increasing from 27.877 billion yuan in 2020 to 38.047 billion yuan in 2023, although a slight decline to 36.778 billion yuan is expected in 2024 [8][9] Competitive Landscape - The competitive landscape is marked by foreign brands leading in high-end markets, while domestic companies like Chuan Yi and Nuo Wei are making strides in general control valve sectors [1][11] - In 2024, Chuan Yi and Nuo Wei are expected to hold market shares of 8.3% and 4.9%, respectively, indicating a gradual improvement in the position of domestic firms [11][12] Future Trends - The future of the smart control valve industry will focus on technological integration, market expansion into new sectors, and a shift in competition towards comprehensive solutions combining hardware, software, and services [15][16] - Emerging fields such as renewable energy and semiconductors are expected to drive demand for specialized valves, while domestic companies will accelerate globalization efforts [16][17] - The industry is likely to see a transition from product-centric approaches to ecosystem development, enhancing customer loyalty through integrated solutions [18]