每日经济新闻 每经AI快讯，11月24日，A股军工装备板块盘初拉升，航天环宇涨超9%，隆达股份涨超5%，菲利华、 中船防务、北方长龙、航亚科技、航天彩虹跟涨。 ...

证券代码：688231 证券简称：隆达股份 公告编号：2025-059 江苏隆达超合金股份有限公司 关于 2023 年限制性股票激励计划首次授予部分 第二个归属期归属结果的公告 本公司董事会及全体董事保证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： 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司相关业务规定，江苏隆达超合金股份有限公司（以下简称"公 司"）于 2025 年 11 月 14 日收到中国证券登记结算有限责任公司上海分公司出 具的《过户登记确认书》，完成了公司 2023 年限制性股票激励计划（以下简称 "本激励计划"）首次授予部分第二个归属期的股份登记工作。现将有关情况公 告如下： 同日，公司召开第一届监事会第十九次会议，会议审议通过了《关于公司 <2023 年限制性股票激励计划（草案修订稿）>及其摘要的议案》《关于核实公 司<2023 年限制性股票激励计划首次授予激励对象名单（修订稿）>的议案》等 议案。 （三）2023 年 8 月 14 日，公司于上海证券交易所网站（www.sse ...

Core Points - Longda Co., Ltd. announced the resignation of non-independent director Chen Yi due to adjustments in the company's governance structure [2] - Following the resignation, Chen Yi will continue to hold a position within the company [2] - The company held its employee representative assembly on November 13, 2025, where Pu Xiaozhong was elected as the employee representative director for the second board, with a term lasting until the current board's term ends [2]

证券代码：688231 证券简称：隆达股份 公告编号：2025-058 江苏隆达超合金股份有限公司 关于公司董事离任暨选举职工代表董事的公告 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： 江苏隆达超合金股份有限公司（以下简称"公司"）董事会于近日收到公司 非独立董事陈义先生递交的辞职报告，因公司治理结构的调整，陈义先生申请辞 去公司第二届董事会非独立董事职务。辞职后，陈义先生仍在公司任职。根据《中 华人民共和国公司法》《公司章程》的有关规定，陈义先生的辞职不会导致公司 董事会成员低于法定最低人数，其辞职报告自送达董事会时生效。 公司于 2025 年 11 月 13 日召开了 2025 年职工代表大会，选举浦晓中先生担 任公司第二届董事会职工代表董事，任期自本次职工代表大会选举通过之日起至 公司第二届董事会任期届满之日止。 一、董事/高级管理人员离任情况 (一) 提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | 原定任期 | 离任原因 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在 未履 ...

北京大成(上海)律师事务所 关于江苏隆达超合金股份有限公司 2025 年第三次临时股东大会的 法律意见书 EDENTONS 大成 is Dentons' Preferred Law Firm in China. 北京大成(上海)律师事务所 www. dacheng.com 中国上海市世纪大道 100号上海环球金融中心 9层/24层/25层(200120) 9th/24th/25th Floor, Shanghai World Financial Center, 100 Century Avenue, Shanghai 200120, P. R. China Tel: +86 21-58785888 Fax: +86 21-58786866 北京大成(上海)律师事务所 关于江苏隆达超合金股份有限公司 2025 年第三次临时股东大会的法律意见书 致:江苏隆达超合金股份有限公司 根据《中华人民共和国证券法》(以下简称"《证券法》")《中华人民共和国 公司法》(以下简称"《公司法》")和中国证券监督管理委员会《上市公司股东会 规则》(以下简称"《股东会规则》")等法律、法规和其他有关规范性文件的要 求,北京大成(上海 ...

证券代码：688231 证券简称：隆达股份 公告编号：2025-057 江苏隆达超合金股份有限公司 2025年第三次临时股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 11 月 13 日 （二） 股东大会召开的地点：无锡市锡山区安镇街道翔云路 18 号，公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： 本次会议由公司董事会召集，董事长、总经理浦益龙先生主持本次会议。会 议采用现场投票和网络投票相结合的表决方式。本次股东大会的召集、召开程序 及表决程序符合《公司法》《证券法》及《公司章程》的规定。 （五） 公司董事、监事和董事会秘书的出席情况 1、 公司在任董事9人，出席9人； 2、 公司在任监事3人，出席3人； 3、 董事会秘书陈佳海先生出席了本次会议，部分高级管理人员列席了本次会议。 二、 议案审议情况 （一） 非累积投票议案 1、 ...

Market Overview - The metal new materials sector experienced a decline of 2.16% on November 12, with Longda Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Notable performers in the metal new materials sector included: - Zhongke Sanhuan (Code: 000970) with a closing price of 13.79, up 1.70% and a trading volume of 313,300 shares [1] - Youyan Powder Materials (Code: 688456) closed at 47.01, up 0.99% with a trading volume of 10,800 shares [1] - Longda Co., Ltd. (Code: 688231) closed at 24.29, down 6.51% with a trading volume of 126,000 shares [2] Capital Flow Analysis - The metal new materials sector saw a net outflow of 1.012 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.104 billion yuan [2] - The capital flow for individual stocks showed varied trends, with Zhongke Sanhuan experiencing a net inflow of 26.0176 million yuan from institutional investors [3]

Core Viewpoint - The Shanghai Composite Index decreased by 0.21% today, with significant declines in the electric equipment sector, which saw the largest drop of 2.31% [2] Industry Performance Summary - The oil and petrochemical sector led the gains with an increase of 1.27%, followed by the banking sector at 1.10% and the comprehensive sector at 1.01% [2] - The electric equipment sector experienced the largest decline at 2.31%, followed by the defense and military industry at 1.70% and the computer sector at 1.28% [2] - A total of 1513 stocks rose, with 65 hitting the daily limit up, while 3819 stocks fell, including 10 hitting the daily limit down [2] Trading Volume and Value - The total trading volume reached 1,081 million shares, with a total transaction value of 15,923.01 billion yuan, reflecting a decrease of 1.61% compared to the previous trading day [2]

Summary of Key Points from Conference Call Records Industry Overview: Gas Turbine Market - The gas turbine market is experiencing rapid growth driven by the surge in electricity demand from data centers, with an annual electricity shortfall of 20-30GW expected, leading to a 75% demand for capacity expansion in the supply chain [1][3][10] - Major growth regions for the gas turbine market include the Middle East and North America, with new orders in the Middle East expected to increase by 807% to 13.6GW in 2024, and North America by 356% to 11.4GW [1][4][5] - Europe is growing at a slower pace, but some countries still show demand due to insufficient power supply [1][5] Technology and Market Dynamics - Gas turbine technology is categorized into heavy-duty and light-duty turbines, with heavy-duty turbines being more efficient but limited in capacity. Major manufacturers like Siemens and GEV have orders booked until 2028 [1][6] - Siemens and GEV dominate the market, holding over 80% of the total order volume, while Mitsubishi Heavy Industries has seen a slight decline in market share due to slower growth in the Asia-Pacific region [1][6][9] - Global gas turbine delivery is projected at approximately 40GW in 2024, with orders totaling 57GW, and expected deliveries of 45-46GW in 2025, indicating a persistent supply-demand imbalance [1][9] Regional Fuel Dependency and Market Trends - Different regions exhibit varying levels of dependency on natural gas for power generation, with the Middle East relying heavily on natural gas (60-70%) due to abundant oil and gas resources, while North America also shows significant usage (43%) [3][7] - Emerging economies like Ireland and Singapore are increasingly investing in gas turbines to meet the energy needs of self-built data centers, driving demand for efficient small or light-duty turbine systems [7] Company-Specific Insights: Longda Co., Ltd. - Longda Co., Ltd. benefits from the high demand in the gas turbine and aerospace engine sectors, with revenue in the first three quarters of 2025 nearing the total for the previous year, indicating a turning point in performance [2][17] - The company is actively pursuing overseas certifications and expanding its international presence, including a 2000-ton casting high-alloy base in Malaysia [15][16] - Longda's financial performance is strong, with projected profits of 100 million and 160 million yuan for 2025 and 2026, respectively, reflecting robust growth momentum [17][18] Future Outlook and Expansion Plans - Major companies are planning significant capacity expansions to meet rising demand, with Mitsubishi Heavy Industries aiming to double its capacity within two years, GE planning a 30% increase, and Siemens expecting to increase production from 50 to 80 units (60% increase) [11] - Chinese companies are playing a crucial role in the global gas turbine supply chain, taking on overflow orders from Western and Japanese firms, with partnerships established between companies like Triangular Defense and Siemens [12][13] Investment Opportunities - Investors are encouraged to focus on two types of companies: those with high technical barriers in the aerospace sector, such as Triangular Defense and Hangyang, and those in the engineering machinery sector with core capabilities in gas turbine manufacturing [13]

Investment Rating - The report maintains a positive investment rating for the metal industry, emphasizing a strong buying opportunity for various metals including copper, aluminum, and rare earth elements [1][2]. Core Insights - The macroeconomic sentiment has improved, leading to stronger downstream consumption in the metal sector, particularly in energy metals, which are showing robust demand [1]. - Supply disruptions are providing significant momentum to the sector, with a focus on metals such as copper, silver, aluminum, rare earths, tungsten, lithium, cobalt, uranium, and antimony [1]. - The report highlights the importance of technology-driven growth in new materials as a key area of investment [1]. Industry Overview - The metal industry consists of 235 listed companies with a total market capitalization of CNY 619 billion, representing 5.8% of the overall market [2]. - The industry index performance shows a 1-month increase of 8.6%, a 6-month increase of 52.4%, and a 12-month increase of 51.7% [3]. Metal Price Trends - Copper inventory has increased to 203,300 tons, marking a 2.07 million ton rise from the previous week, indicating a continuous accumulation trend [3]. - Aluminum inventories are reported at 622,000 tons, with a slight increase, while the government has announced a suspension of tariffs on aluminum imports from the US, potentially boosting exports [4]. - Tungsten prices have risen by 6.75% due to supply constraints from environmental policies and reduced mining quotas [3][4]. Specific Metal Insights - For copper, the report suggests a long-term bullish outlook due to supply tightness and increasing demand from the electric construction sector [3]. - Aluminum is expected to maintain strong pricing in the short term, supported by favorable supply-demand dynamics [4]. - Lithium and cobalt markets are experiencing tight supply conditions, with lithium prices showing resilience despite slight declines [4]. Rare Earth and New Materials - The report notes a positive outlook for rare earth prices, particularly for praseodymium and neodymium, driven by demand recovery and inventory replenishment [4]. - Uranium prices have increased to USD 85 per pound, reflecting a steady rise in demand amid a recovering nuclear power sector [5]. Conclusion - The overall sentiment in the metal industry is optimistic, with various metals poised for growth due to strong demand and supply constraints, making it a favorable investment landscape [1][2][3].