本公司董事会、全体董事及相关股东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： 1 证券代码：603798 证券简称：康普顿 公告编号：2025-039 青岛康普顿科技股份有限公司 关于通过集中竞价减持回购股份计划公告 一、减持主体的基本情况 股东名称 青岛康普顿科技股份有限公司回购专用证券账户 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 □是 √否 董事、监事和高级管理人员 □是 √否 其他：回购专用账户 持股数量 3,934,800股 持股比例 1.53% 当前持股股份来源 集中竞价交易取得：3,934,800股 二、减持计划的主要内容 | 股东名称 | 青岛康普顿科技股份有限公司回购专用证券账户 | | --- | --- | | 计划减持数量 | 不超过：2564400 股 | | 计划减持比例 | 不超过：1% | | 减持方式及对应减持数量 | 集中竞价减持，不超过：2564400 股 | | 减持期间 | 2025 年 10 月 28 日～2026 年 1 月 26 日 | | 拟减持股 ...

人民财讯9月26日电，康普顿（603798）9月26日公告，公司于2024年2月至5月期间，通过集中竞价交易 方式回购公司股份393.48万股，占公司总股本的1.53%。现公司计划通过集中竞价交易方式，减持不超 过256.44万股回购股份(占公司总股本的1%)。 ...

Group 1 - Company Compton plans to reduce its repurchased shares by up to approximately 2.56 million shares, accounting for 1% of the total share capital, within three months after the announcement [1] - The reduction will be executed through centralized bidding trading, and any changes in share capital due to stock dividends or capital reserve transfers will lead to an adjustment in the reduction quantity [1] - For the year 2024, Compton's revenue composition is entirely from oil processing, with a 100% share [1] Group 2 - As of the report, Compton's market capitalization stands at 4.4 billion yuan [2]

康普顿(603798.SH)发布公告，经公司第五届董事会第十九次会议审议通过，公司计划自公告披露之日 起15个交易日后的3个月内，通过集中竞价交易方式减持不超过256.44万股回购股份(占公司总股本的 1%)。 ...

康普顿（603798）(603798.SH)发布公告，经公司第五届董事会第十九次会议审议通过，公司计划自公 告披露之日起15个交易日后的3个月内，通过集中竞价交易方式减持不超过256.44万股回购股份(占公司 总股本的1%)。 ...

康普顿公告，公司回购专用证券账户计划自披露之日起15个交易日后的3个月内，即2025年10月28日～ 2026年1月26日，通过集中竞价方式减持不超过256.44万股，减持比例不超过1%；完成后该账户持股将 由393.48万股降至137.04万股，持股比例由1.53%降至0.53%。 ...

Core Viewpoint - The turbine oil market in China is experiencing stable growth, driven by the expansion of power generation capacity, particularly in thermal and nuclear power sectors, as well as the demand for high-quality lubricants in the petrochemical industry and the transformation of shipbuilding and metallurgy sectors [1][12]. Industry Overview - Turbine oil, also known as turbine oil, is essential for the lubrication of key components in turbine units, including bearings and governors, playing an irreplaceable role in industrial modernization [1][12]. - The market size of China's turbine oil industry has grown from 1.694 billion yuan in 2015 to an estimated 3.961 billion yuan in 2024, with a compound annual growth rate (CAGR) of 9.9% [1][12]. Industry Development History - The turbine oil industry dates back to the early 20th century, gaining importance with the rise of electricity demand and the widespread use of turbines [6][7]. - The industry has evolved to focus on environmental performance and energy efficiency, leading to the development of ashless, biodegradable, and long-life turbine oils [7][12]. Industry Chain - The upstream of the turbine oil industry consists of base oils and various additives, with base oils being the primary component [9][10]. - The midstream involves the production and manufacturing of turbine oils, while the downstream includes applications in aviation, shipping, and power generation sectors [9][10]. Current Industry Status - The turbine oil industry is currently in a phase of steady development, with increasing demand driven by the expansion of thermal power capacity and the construction of nuclear power plants [12][13]. - The production of turbine oil in China is projected to rise from 116,300 tons in 2015 to 231,300 tons in 2024, with a CAGR of 7.94% [12][13]. Competitive Landscape - The Chinese turbine oil industry features a diverse competitive landscape, with international brands dominating the high-end market and domestic companies competing in the mid-range market [13][14]. - Leading domestic companies like Sinopec and PetroChina are narrowing the gap with international brands through continuous technological development [13][14]. Future Development Trends - The industry is expected to accelerate towards high-performance and long-life products, with a shift from traditional mineral-based oils to synthetic and semi-synthetic oils [17]. - There will be a diversification of application scenarios, extending beyond traditional power generation to include emerging fields like thermal energy and energy storage [18]. - Environmental sustainability will become a key focus, with the development of low-toxicity and low-volatility formulations, as well as the commercialization of "green" turbine oils [19].

Core Insights - The company Compton (603798) reported a total revenue of 575 million yuan for the first half of 2025, a decrease of 4.95% year-on-year, while the net profit attributable to shareholders increased by 16.91% to 53.73 million yuan [1] - The second quarter of 2025 saw a significant decline in revenue, with total revenue of 213 million yuan, down 18.77% year-on-year, and a net profit of -556,700 yuan, a decrease of 114.67% [1] - Despite the decline in revenue, the company's profitability improved, with a gross margin increase of 9.9% to 22.97% and a net margin increase of 19.48% to 9.98% [1] Financial Performance - Total revenue for 2024 was 605 million yuan, compared to 575 million yuan in 2025, reflecting a decline of 4.95% [1] - Net profit attributable to shareholders rose from 45.96 million yuan in 2024 to 53.73 million yuan in 2025, an increase of 16.91% [1] - The company's gross margin improved from 20.90% in 2024 to 22.97% in 2025, while the net margin increased from 8.35% to 9.98% [1] Cash Flow and Debt Management - The company reported cash and cash equivalents of 449 million yuan in 2025, a significant increase of 40.56% from 319 million yuan in 2024 [1] - Accounts receivable decreased by 54.58% from 163 million yuan in 2024 to 74.20 million yuan in 2025, indicating improved collection efficiency [1] - Interest-bearing debt reduced from 30 million yuan in 2024 to 20.73 million yuan in 2025, a decrease of 30.90%, reflecting better debt management [1] Operational Efficiency - The total of selling, administrative, and financial expenses was 45.73 million yuan, accounting for 7.95% of revenue, down 3.21% year-on-year [1] - Earnings per share increased from 0.18 yuan in 2024 to 0.21 yuan in 2025, a growth of 16.67% [1] - Operating cash flow per share improved from 0.46 yuan to 0.57 yuan, marking a 23.93% increase [1] Business Model and Market Position - The company's return on invested capital (ROIC) was 5.25% last year, indicating average capital returns [3] - The historical median ROIC since the company went public is 12.15%, suggesting a generally favorable investment return [3] - The company relies heavily on marketing-driven performance, necessitating further analysis of the underlying drivers [3]

Group 1 - The core point of the article is that 康普顿 (603798.SH) reported a decline in total operating revenue for the first half of 2025, while net profit attributable to shareholders increased significantly [1] Group 2 - The company achieved total operating revenue of 575 million yuan, representing a year-on-year decrease of 4.95% [1] - The net profit attributable to shareholders was 53.73 million yuan, showing a year-on-year increase of 16.91% [1] - The basic earnings per share were reported at 0.21 yuan [1]

Core Viewpoint - Qingdao Copton Technology Co., Ltd. reported a net profit of 53,734,290.31 yuan for the first half of 2025, representing a 16.91% increase compared to the same period last year, despite a 4.95% decline in revenue [2][3][10]. Company Overview and Key Financial Indicators - The company is focused on the research, production, and sales of lubricants, automotive chemicals, and automotive exhaust treatment fluids, with key products including automotive lubricants and industrial lubricants [3][4]. - As of June 30, 2025, the company's total assets reached 1,397,985,579.38 yuan, a 1.02% increase from the end of the previous year, while net assets amounted to 1,161,493,323.61 yuan, up 2.32% [2][10]. Industry and Main Business Situation - The lubricants industry is undergoing significant transformation, with traditional internal combustion engine oil demand growth slowing to below 3%, while industrial oil demand is growing at 10% due to sectors like wind energy and hydrogen energy [3][4]. - The automotive exhaust treatment fluid market is expanding due to stricter regulations, with demand expected to reach 450,000 tons in 2025, driven by the implementation of the National VI standard [3][4]. - The hydrogen energy market is also progressing, with over 30 provinces in China enhancing hydrogen energy policies, supporting the growth of hydrogen fuel cell vehicles [3][4]. Financial Performance Analysis - The company's revenue for the first half of 2025 was 575,305,699.38 yuan, down from 605,288,361.96 yuan in the same period last year, primarily due to reduced sales [2][10]. - Operating costs decreased by 7.44% to 443,157,577.57 yuan, reflecting the overall decline in sales [10]. - The net cash flow from operating activities increased by 23.93% to 145,262,729.41 yuan, indicating improved cash generation capabilities [10]. Competitive Advantages - The company has established a strong brand reputation over 36 years, recognized for high-quality products and services, which enhances its market position [6][7]. - Continuous investment in R&D has led to the successful launch of innovative products, including various types of synthetic oils and high-performance lubricants [6][7]. - The company has developed a nationwide distribution network for its industrial oil business, securing partnerships with major clients and stabilizing sales channels [4][5]. Future Outlook - The company aims to enhance its product offerings and market presence through ongoing innovation and strategic partnerships, particularly in the growing sectors of automotive chemicals and hydrogen energy [3][4][5]. - The focus on quality improvement and sustainable practices is expected to strengthen the company's competitive edge in the evolving market landscape [5][6].