苏州纽威阀门股份有限公司 关于第二期员工持股计划股票出售完毕暨终止的公告 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。 苏州纽威阀门股份有限公司（以下简称"公司"）第二期员工持股计划所持 有的公司股票已全部出售完毕，根据中国证监会《关于上市公司实施员工持股计 划试点的指导意见》《上海证券交易所上市公司自律监管指引第 1 号——规范运 作》及公司《第二期员工持股计划（草案）》等有关规定，现将相关情况公告如 下： 一、公司第二期员工持股计划基本情况 1、2019 年 8 月 9 日、2019 年 8 月 28 日，公司分别召开了公司第四届董事 会第四次会议及 2019 年第二次临时股东大会，审议通过了《公司第二期员工持 股计划（草案）及摘要》等相关议案，具体内容详见公司在上海证券交易所网站 （www.sse.com.cn）披露的《第二期员工持股计划（草案）》、《第四届董事会 第四次会议决议的公告》（临 2019-068）、《2019 年第二次临时股东大会决议 公告》（临 2019-074）。本期员工持股计划涉及标的股票的来源为公 ...

Core Points - The company has fully sold 6.2127 million shares held under its second employee stock ownership plan [1] Group 1 - The total number of shares sold by the company under the employee stock ownership plan is 6.2127 million [1]

Core Points - The company, Nuway Co., Ltd. (603699.SH), announced the complete sale of 6,212,654 shares held under its second employee stock ownership plan as of the announcement date [1] - During the implementation of the second employee stock ownership plan, the company strictly adhered to market trading rules and complied with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding trading during sensitive information periods, ensuring no insider trading occurred [1]

Core Insights - On November 19, Nuwai Co., Ltd. saw a stock increase of 1.24% with a trading volume of 174 million yuan, indicating positive market sentiment [1] - The company reported a financing buy amount of 6.03 million yuan and a financing repayment of 12.66 million yuan on the same day, resulting in a net financing outflow of 6.62 million yuan [1] - As of November 19, the total margin balance for Nuwai Co. was 130 million yuan, with a financing balance of 129 million yuan, representing 0.34% of the circulating market value, which is above the 90th percentile of the past year [1] Financial Performance - For the period from January to September 2025, Nuwai Co. achieved a revenue of 5.60 billion yuan, reflecting a year-on-year growth of 25.76% [2] - The net profit attributable to shareholders for the same period was 1.11 billion yuan, marking a year-on-year increase of 34.54% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Nuwai Co. increased by 10.65% to 13,800, while the average circulating shares per person decreased by 9.63% to 54,711 shares [2] - The company has distributed a total of 4.60 billion yuan in dividends since its A-share listing, with 2.28 billion yuan distributed over the last three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest with 103 million shares, an increase of 40.57 million shares from the previous period [3]

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-084 苏州纽威阀门股份有限公司 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暨股票上市公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股 数为3,227,538股。 本次股票上市流通总数为3,227,538股。 本次股票上市流通日期为2025 年 11 月 26 日。 一、2023 年限制性股票激励计划批准及实施情况 （一）2023 年限制性股票激励计划已履行的相关程序 1、2023 年 9 月 8 日，公司第五届董事会第六次会议审议通过了《关于<苏州 纽威阀门股份有限公司 2023 年限制性股票激励计划（草案）>及其摘要的议案》、 《关于制定<苏州纽威阀门股份有限公司 2023 年限制性股票激励计划实施考核管 理办法>的议案》、《关于提请股东大会授权董事会办理 2023 年限制性股票激励计 划相关事宜的议案》等议案，公司第五届监事会第六次会议审议 ...

江苏合展兆丰律师事务所 关于 苏州纽威阀门股份有限公司 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、 江苏合展兆丰律师事务所 H&Z LAW FIRM 回购注销部分限制性股票及调整 2023 年限制性股票激励计 划回购价格 之 法律意见书 苏兆证字（2025）第 1104 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，并指派张知烈律师、吴开 征律师（以下简称"本所律师"）根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、中国证券监督管理委员会（以下简称"中国证监会"）、《上市 公司股权激励管理办法》（以下简称"《管理办法》"）等有关法律、 法规和规范性文件以及《苏州纽威阀门股份有限公司章程》（以下简 称"《公司章程》"）、《苏州纽威阀门股份有限公司 2023 年限制性股 地址：中国.苏州.人民路 3110 国发大厦 10 楼 1006 室 邮编：215008 Address：10F,Guo Fa Mansion,3110 Ren ...

证券日报网讯纽威股份（603699）11月17日在互动平台回答投资者提问时表示，公司新增订单呈良好增 长态势，公司目前订单充足。 ...

Group 1 - The mechanical industry showed a strong performance in 2025, with a cumulative increase of 35.07%, outperforming the Shanghai and Shenzhen 300 index (17.94%) and the Shanghai Composite Index (17.99%) [1][17][21] - Emerging sectors such as AI equipment (140%), lithium battery equipment (96%), humanoid robots (67%), and engineering machinery (55%) led the gains in the mechanical industry, indicating significant investment opportunities [1][27][25] - The outlook for 2026 suggests continued growth in AI and technology sectors, with engineering machinery expected to maintain an upward trend and domestic demand gradually recovering from the bottom [1][30][39] Group 2 - Domestic economic conditions are currently experiencing a "weak recovery" phase, with fixed asset investment showing a differentiated pattern: manufacturing > infrastructure > real estate [2][30] - The general manufacturing sector is expected to enter a new investment cycle, driven by improved PPI and inventory levels, with a focus on high-end upgrades and stock replacement [39][46] - The export sector is benefiting from the competitive strength of leading Chinese companies, with a notable increase in orders for high-end machinery from Japan, reflecting the active investment in domestic high-end manufacturing [55][56] Group 3 - The AI-driven technology sector is expected to continue its upward trend, with hardware demand and new process iterations accelerating, particularly in AI PCB technology and humanoid robots [3][30][61] - Solid-state battery technology is at a critical juncture, with leading battery companies expanding production capacity, indicating a significant opportunity for battery equipment manufacturers [3][30][61] - Investment recommendations include focusing on technology growth assets such as AI PCB equipment, humanoid robots, and solid-state battery equipment, as well as engineering machinery and general automation sectors [4][61]

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Insights - The company reported a revenue of 5.603 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 25.76%, and a net profit attributable to shareholders of 1.114 billion yuan, up 34.54% year-on-year. In Q3 2025 alone, revenue reached 2.199 billion yuan, a year-on-year increase of 35.95%, with a net profit of 477 million yuan, up 40.43% year-on-year [2][6]. Summary by Sections Financial Performance - For Q3 2025, the company achieved a gross margin of 38.7%, which remained stable year-on-year, and a net profit margin of 21.9%, an increase of 0.8 percentage points year-on-year. The operating expense ratio was 10.1%, down 1.8 percentage points year-on-year, with sales, management, and R&D expense ratios at 6.4%, 2.5%, and 1.0% respectively, showing a decrease compared to the previous year [12]. Order and Market Demand - The company has a robust order backlog, with contract liabilities at 650 million yuan by the end of Q3 2025, a year-on-year increase of 256%. The demand from downstream industries such as FPSO and LNG vessels remains strong, alongside steady growth in the Middle East oil and gas sector [12]. Product Development and Capacity Expansion - The company has expanded its product range to include 11 major series of valves, with over 95,000 specifications to meet various demanding applications. Recent developments include high-pressure valves for FPSO and low-temperature applications, as well as certifications for nuclear and water treatment products [12]. Future Outlook - The company is expected to achieve net profits of 1.531 billion yuan, 1.908 billion yuan, and 2.205 billion yuan for 2025, 2026, and 2027 respectively, corresponding to PE ratios of 26, 21, and 18 times. The outlook remains positive due to ongoing capacity expansion and product innovation [12].

Core Viewpoint - Nuwei Co., Ltd. has experienced significant stock price fluctuations, with a year-to-date increase of 144.69% but a recent decline of 9.69% over the past five trading days [1] Financial Performance - For the period from January to September 2025, Nuwei achieved a revenue of 5.603 billion yuan, representing a year-on-year growth of 25.76% [2] - The net profit attributable to shareholders for the same period was 1.114 billion yuan, reflecting a year-on-year increase of 34.54% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Nuwei was 13,800, an increase of 10.65% from the previous period [2] - The average number of circulating shares per shareholder was 54,711, which decreased by 9.63% compared to the previous period [2] Dividend Distribution - Since its A-share listing, Nuwei has distributed a total of 4.598 billion yuan in dividends, with 2.280 billion yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 103 million shares, an increase of 40.565 million shares from the previous period [3] - The top ten circulating shareholders included various funds, with notable changes in holdings among them [3]