银龙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：碳化硅、高铁、轨道交 通、铁路基建、基金重仓等。 截至9月30日，银龙股份股东户数2.73万，较上期减少7.63%；人均流通股30892股，较上期增加8.26%。 2025年1月-9月，银龙股份实现营业收入24.43亿元，同比增长10.93%；归母净利润2.73亿元，同比增长 61.89%。 11月14日，银龙股份盘中上涨2.00%，截至13:19，报9.67元/股，成交7202.93万元，换手率0.89%，总市 值82.91亿元。 资金流向方面，主力资金净流入7.75万元，特大单买入346.66万元，占比4.81%，卖出508.81万元，占比 7.06%；大单买入1471.99万元，占比20.44%，卖出1302.08万元，占比18.08%。 银龙股份今年以来股价涨44.76%，近5个交易日涨2.00%，近20日跌6.93%，近60日涨6.38%。 资料显示，天津银龙预应力材料股份有限公司位于天津市北辰区双源工业区双江道62号，成立日期1998 年3月17日，上市日期2015年2月27日，公司主营业务涉及预应力混凝土用钢材、轨道板及装备 ...

近日，公司收到基金管理人通知，该基金已根据《证券投资基金法》和《私募投资基金监督管理暂行办 法》等法律法规的要求，在中国证券投资基金业协会完成私募投资基金备案手续，并取得《私募投资基 金备案证明》。具体备案信息如下： 证券代码：603969 证券简称：银龙股份公告编号：2025-065 天津银龙预应力材料股份有限公司 关于参与设立的私募股权投资基金备案完成的公告 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个别及连带责任。 一、基本情况 为满足天津银龙预应力材料股份有限公司（以下简称"银龙股份"或"公司"）战略发展需求及产业联动效 应，进一步深化合作，公司与北京泓慧国际能源技术发展股份有限公司、博通（天津）创业投资有限公 司共同投资设立产业基金并签订合伙协议，合伙企业主要投资于新能源产业、储能领域相关项目，致力 于挖掘具有创新性技术、高增长潜力、符合产业发展趋势的优质项目。具体内容详见公司于2025年8月1 日披露于《中国证券报》《上海证券报》及上海证券交易所网站（www.sse.com.cn）的《天津银龙预应 力材料股份有限公司关于 ...

证券日报网讯 11月13日晚间，银龙股份发布公告称，公司与北京泓慧国际能源技术发展股份有限公 司、博通（天津）创业投资有限公司共同投资设立产业基金并签订合伙协议，合伙企业主要投资于新能 源产业、储能领域相关项目，致力于挖掘具有高增长潜力、符合产业发展趋势的优质项目。近日，公司 收到基金管理人通知，该基金已根据相关法律法规的要求，在中国证券投资基金业协会完成私募投资基 金备案手续，并取得《私募投资基金备案证明》。 （文章来源：证券日报） ...

Group 1 - China Pacific Insurance's subsidiary, China Pacific Life, reported a cumulative premium income of 241.32 billion yuan for the first ten months, a year-on-year increase of 9.9% [1] - China Pacific Property Insurance, another subsidiary, achieved a cumulative premium income of 173.57 billion yuan, with a year-on-year growth of 0.4% [1] - Nocera Biopharma reported a net loss of 64.41 million yuan for the first three quarters, despite a revenue increase of 59.85% to 1.115 billion yuan [1] Group 2 - Founder Securities received approval from the China Securities Regulatory Commission to issue short-term corporate bonds not exceeding 5 billion yuan [1] - Haicheng Bonda's director plans to reduce his stake by up to 0.97%, equating to 198,400 shares [1] - Yuyuan Group intends to repurchase shares worth between 200 million and 300 million yuan, with a maximum price of 8.60 yuan per share [1] Group 3 - Huaren Shuanghe's subsidiary passed the GMP compliance inspection for a specific diabetes medication [4] - Lichong Group received project notifications from three international automotive manufacturers, with expected sales amounting to approximately 1.135 billion yuan [6] - Deyang Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy [7] Group 4 - Longxin General announced the transfer of its entire stake in a subsidiary for 105.6 million yuan, and also plans to divest another stake for 1 yuan due to poor performance [16] - Kangda New Materials decided to terminate the acquisition of a semiconductor company due to unsatisfactory due diligence progress [17] - Lu'an Environmental reported a 3.28% year-on-year increase in coal sales for October, totaling 3.78 million tons [18] Group 5 - Shanghai Port Group plans to invest 2 billion yuan to establish a new holding company with several state-owned enterprises [20] - Borui Pharmaceutical's new drug for obesity treatment has received clinical trial approval [23] - Silver Dragon Co. has completed the registration of a new energy industry fund focusing on high-growth potential projects [24] Group 6 - Hengrui Medicine received approval for a clinical trial of a prostate cancer drug [11] - Baiji Shenzhou reported a net profit of 1.139 billion yuan for the first three quarters, marking a turnaround from losses [36] - Huasheng Pharmaceutical's special medical food product has received registration certification [60]

为满足天津银龙预应力材料股份有限公司（以下简称"银龙股份"或"公司"） 战略发展需求及产业联动效应，进一步深化合作，公司与北京泓慧国际能源技术 发展股份有限公司、博通（天津）创业投资有限公司共同投资设立产业基金并签 订合伙协议，合伙企业主要投资于新能源产业、储能领域相关项目，致力于挖掘 具有创新性技术、高增长潜力、符合产业发展趋势的优质项目。具体内容详见公 司于 2025 年 8 月 1 日披露于《中国证券报》《上海证券报》及上海证券交易所网 站（www.sse.com.cn）的《天津银龙预应力材料股份有限公司关于参与投资私募 股权投资基金的公告》（公告编号：2025-038）。 二、进展情况 近日，公司收到基金管理人通知，该基金已根据《证券投资基金法》和《私 募投资基金监督管理暂行办法》等法律法规的要求，在中国证券投资基金业协会 完成私募投资基金备案手续，并取得《私募投资基金备案证明》。具体备案信息 如下： 基金名称：天津众源博通新能创业投资基金合伙企业（有限合伙） 证券代码：603969 证券简称：银龙股份 公告编号：2025-065 天津银龙预应力材料股份有限公司 关于参与设立的私募股权投资基金备案完成 ...

Group 1 - The company has announced the completion of private investment fund registration procedures in collaboration with Beijing Honghui International Energy Technology Development Co., Ltd. and Botong (Tianjin) Venture Capital Co., Ltd. [1] - The newly established industrial fund will primarily invest in projects related to the new energy industry and energy storage sector [1]

Group 1 - The Tianjin Quality Conference was held to convey the spirit of the China Quality (Nanjing) Conference and award the sixth "Tianjin Quality Award" to organizations [1] - Five organizations received the sixth "Tianjin Quality Award" for advanced quality management models, including China Electronics Technology Group Corporation No. 53 Research Institute and Tianjin Port and Shipping Engineering Co., Ltd. [1] - Five organizations received the nomination award for the sixth "Tianjin Quality Award," including China Shipbuilding (Tianjin) Co., Ltd. and Tianjin Yulong Prestressed Materials Co., Ltd. [1] Group 2 - In 2024, Tianjin's manufacturing quality competitiveness index is 89.77, exceeding the national manufacturing competitiveness index by 3.91 [2] - The public service quality index for Tianjin is 78.12, which is 1.21 higher than the national average [2] - Tianjin has established five new national and municipal industrial metrology testing centers and 27 national quality inspection centers [2] - The city has built 30 comprehensive service platforms for quality infrastructure, serving 30,900 enterprises and solving 2,970 technical problems, saving enterprises 210 million yuan [2] - Tianjin has cultivated 528 smart factories and 243 national-level green manufacturing demonstration units [2]

Investment Rating - The report maintains an "Accumulate" rating for the building materials sector [4] Core Views - The real estate sector remains weak, but the probability of policy interventions is gradually increasing, which may provide support for the building materials industry [1] - The cement market is experiencing a "double weakness" in supply and demand, with a slight recovery in infrastructure but ongoing challenges in the housing market [2][16] - The glass market is facing supply-demand contradictions, but self-discipline in production among photovoltaic glass manufacturers may alleviate some pressures [1][3] - Consumption building materials are expected to benefit from favorable second-hand housing transactions and consumption stimulus policies, with significant potential for market share growth [1] - The fiberglass market shows signs of bottoming out, with a potential increase in demand driven by wind power projects [1][6] Summary by Sections Cement Industry Tracking - As of November 7, 2025, the national cement price index is 348.96 CNY/ton, with a week-on-week increase of 0.47% [2][16] - The cement output this week is 2.849 million tons, up 0.8% from last week [2] - The market is characterized by weak supply and demand, with construction projects hindered by funding and progress issues [2][16] Glass Industry Tracking - The average price of float glass is 1197.22 CNY/ton, down 0.45% from last week [3] - Inventory levels have decreased slightly, but overall market transactions remain sluggish [3] Fiberglass Industry Tracking - The price of non-alkali fiberglass remains stable, with demand showing some decline [6] - The electronic fiberglass market continues to see strong demand for high-end products, with stable pricing expected in the short term [6] Consumption Building Materials - The demand for consumption building materials is showing signs of weak recovery, with fluctuations in upstream raw material prices [6] Carbon Fiber Industry Tracking - The carbon fiber market price remains stable, with production costs averaging 106,300 CNY/ton [7] - The industry is facing challenges with profitability, as the average gross margin is negative [7] Key Stocks - Recommended stocks include North New Materials, Weixing New Materials, and San Ke Tree, with various ratings and earnings projections for 2024 to 2027 [8]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 2.44 billion yuan for Q3 2025, representing a year-on-year increase of 10.9%. The net profit attributable to shareholders was 273 million yuan, up 61.9% year-on-year, while the net profit excluding non-recurring items was 274 million yuan, an increase of 63.8% year-on-year [2][4]. - In Q3 2025 alone, the company achieved a revenue of 970 million yuan, a year-on-year increase of 14.3%, with a net profit of 101 million yuan, up 48.5% year-on-year, and a net profit excluding non-recurring items of 102 million yuan, an increase of 52.2% year-on-year [2][4]. - The company is actively expanding its market presence, particularly in high-performance products such as prestressed steel wire and galvanized steel strands, which are seeing significant market growth. The company is also deepening its involvement in traditional infrastructure sectors like railways and water conservancy [11]. - The core downstream markets for the company's products include bridges, railways, and water conservancy projects, with a promising demand outlook. The National Development and Reform Commission has projected that the water conservancy market will reach 5 trillion yuan over the next five years, indicating a golden development period for the industry [11]. - The company is expected to achieve net profits of 390 million yuan and 531 million yuan in 2025 and 2026, respectively, corresponding to price-to-earnings ratios of 23 and 17 times [11]. Summary by Sections Financial Performance - For Q3 2025, the company reported a revenue of 970 million yuan, a 14.3% increase year-on-year, and a net profit of 101 million yuan, a 48.5% increase year-on-year. The gross margin for the quarter was 24.26%, remaining stable [11]. - The company has projected total revenues of 3.58 billion yuan and 4.19 billion yuan for 2025 and 2026, respectively [16]. Market Expansion - The company is focusing on expanding its market share in high-performance products and is involved in major railway projects, contributing to its growth in traditional infrastructure sectors [11]. - The company has successfully applied its prestressed materials in emerging fields such as wind power and LNG storage, which has significantly boosted sales [11]. Industry Outlook - The water conservancy sector is expected to see substantial growth, with the company positioned to benefit from large-scale projects like the Yajiang Hydropower Station [11].

Core Viewpoint - Yinlong Co., Ltd. (603969) is committed to the development of high-performance prestressed materials, focusing on applications in various infrastructure sectors, including water conservancy, rail transportation, bridges, new energy, and mining support systems [1] Group 1 - The company has been deeply engaged in the prestressed materials field for many years [1] - Products are applicable in infrastructure construction areas such as water conservancy, rail transportation, bridges, new energy, and mining support [1] - The company is actively exploring applications in deep earth development [1] Group 2 - The company aims to continuously focus on the research and innovation of high-performance prestressed materials [1] - It seeks to seize development opportunities and provide quality products to support national strategies [1]