Group 1 - The stock price of Diweier has dropped by 2.92% to 42.93 CNY per share, with a trading volume of 114 million CNY and a turnover rate of 1.36%, resulting in a total market capitalization of 8.357 billion CNY [1] - Diweier's stock has experienced a continuous decline over three days, with a cumulative drop of 6.38% during this period [1] - Diweier, established on August 19, 2009, and listed on July 8, 2020, specializes in the research, production, and sales of oil and gas equipment components [1] Group 2 - According to data, Ping An Fund holds a significant position in Diweier, with the Ping An Research Selected Mixed A Fund (021576) reducing its holdings by 10,900 shares in the fourth quarter, now holding 12,200 shares, which accounts for 4.62% of the fund's net value, ranking as the sixth-largest holding [2] - The fund has incurred a floating loss of approximately 15,800 CNY today, with a total floating loss of 35,700 CNY during the three-day decline [2] - The Ping An Research Selected Mixed A Fund (021576) was established on August 20, 2024, with a current size of 1.9319 million CNY, and has achieved a year-to-date return of 8.69%, ranking 2401 out of 8861 in its category [2]

Summary of Key Points from the Conference Call Industry Overview - The focus is on the energy sector, particularly natural gas and nuclear power, amid a global CAPEX upcycle driven by increasing electricity demand from AI, multi-shoring, and electrification [1][2][3][8]. Core Insights - **Electricity Demand Growth**: Global electricity demand is expected to rise significantly, with projections indicating it will exceed 32% of final energy consumption by 2050, up from 20% in 2023 [8]. - **CAPEX Projections**: A bottom-up analysis estimates a total of US$1,800 billion in global CAPEX from 2025 to 2030, focusing on offshore oil and gas exploration and production (E&P), LNG terminals, and gas-fired and nuclear power plants [2][7]. - **Industry Trends**: Four key trends identified include: 1. Consolidation in the oil and gas EPC and service market, leading to concentration among upstream equipment and parts manufacturers. 2. Outsourcing of production processes by EPC and service providers to suppliers. 3. Demand for higher quality advanced metal parts due to rising applications in deep-sea oil and gas, LNG terminals, and nuclear power plants. 4. Increased global competitiveness of Chinese equipment and parts suppliers [3][7][88]. Investment Opportunities - **Recommended Stocks**: The report initiates coverage on Neway and Develop with Buy ratings, and also recommends Yingliu, Jereh, and Sinoseal as potential beneficiaries of the CAPEX upcycle [1][3][7]. - **Market Mispricing**: The market may be underestimating the investment implications of the current natural gas and nuclear upcycle for China's upstream equipment and component manufacturers [7]. Financial Metrics of Recommended Stocks - **Neway Valve (603699.SH)**: Market cap of US$6.276 billion, expected PE of 22, with 61% overseas sales and a projected EPS CAGR of 28% from 2025 to 2027 [4]. - **Develop (688377.SH)**: Market cap of US$1.126 billion, expected PE of 37, with 62% overseas sales and a projected EPS CAGR of 51% [4]. - **Yingliu (603308.SH)**: Market cap of US$5.317 billion, expected PE of 54, with 47% overseas sales and a projected EPS CAGR of 54% [4]. - **Jereh Oil Field (002353.SZ)**: Market cap of US$12.801 billion, expected PE of 24, with 45% overseas sales and a projected EPS CAGR of 21% [4]. - **Sinoseal (300470.SZ)**: Market cap of US$5.337 billion, expected PE of 31, with 10% overseas sales and a projected EPS CAGR of 33% [4]. Additional Insights - **Natural Gas and Nuclear Power**: Both sectors are expected to benefit from stable electricity generation capabilities, with natural gas producing countries ramping up exploration and production, particularly offshore [2][20]. - **Technological Advancements**: The report highlights advancements in production technology that have significantly lowered the break-even costs for offshore oil E&P, enhancing the attractiveness of investments in this area [36][49]. - **Nuclear Power Renaissance**: There is a noted global renaissance in nuclear fission power, particularly in China, with expectations of accelerated approvals and construction of nuclear projects [65][66]. Conclusion - The energy sector, particularly natural gas and nuclear power, presents substantial investment opportunities driven by increasing electricity demand and significant CAPEX growth. Chinese manufacturers with strong overseas exposure and advanced manufacturing capabilities are well-positioned to benefit from these trends [1][7][8].

证券日报网讯 1月19日，迪威尔发布公告称，公司拟将存放于公司回购专用证券账户中已回购尚未使用 的24，278股回购股份的用途进行变更，由"用于实施股权激励"变更为"用于注销并减少公司注册资 本"。本次拟变更回购用途并注销的股份数量为24，278股，占公司当前总股本的比例为0.0125%，待本 次注销完成后，公司总股本预计将由194，667，000股变更为194，642，722股，注册资本预计将由人民 币194，667，000元变更至人民币194，642，722元。本次变更部分回购股份用途并注销、减少注册资 本、增加公司经营范围暨修订《公司章程》事项尚需提交公司股东会审议通过后实施。 （文章来源：证券日报） ...

Group 1 - The company, Diweier, announced that it will hold its first extraordinary general meeting of shareholders in 2026 on February 4 [2]

Group 1 - The company was asked about the proportion of its revenue from the EU region in relation to its overall operating income [2] - The company indicated that its products are primarily exported directly from domestic entities to certain EU countries [2] - For detailed business information, the company referred investors to its publicly disclosed periodic reports and announcements [2]

证券代码：688377 证券简称：迪威尔 公告编号：2026-003 南京迪威尔高端制造股份有限公司 关于召开2026年第一次临时股东会的通知 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 2 月 4 日 至2026 年 2 月 4 日 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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2026年第一次临时股东会 召开日期时间：2026 年 2 月 4 日 14 点 00 分 召开地点：江苏省南京市江北新区迪西路 8 号 公司三楼 1 号会议室 （五） 网络投票的系统、起止日期和投票时间。 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 股东会召开日期：2026年2月4日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决 ...

证券代码：688377 证券简称：迪威尔 公告编号：2026-002 南京迪威尔高端制造股份有限公司 关于变更部分回购股份用途并注销、减少注册资本、 增加公司经营范围暨修订《公司章程》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。 重要内容提示： 南京迪威尔高端制造股份有限公司（以下称"公司"）拟将存放于公司回购专 用证券账户中已回购尚未使用的 24,278 股回购股份的用途进行变更，由"用于实施股权 激励"变更为"用于注销并减少公司注册资本"。 本次拟变更回购用途并注销的股份数量为 24,278 股，占公司当前总股本的比例 为 0.0125%，待本次注销完成后，公司总股本预计将由 194,667,000 股变更为 194,642,722 股，注册资本预计将由人民币 194,667,000 元变更至人民币 194,642,722 元。 本次变更部分回购股份用途并注销、减少注册资本、增加公司经营范围暨修订 《公司章程》事项尚需提交公司股东会审议通过后实施。 公司于 2026 年 1 月 19 日召开第六届董事会第十 ...

证券代码：688377 证券简称：迪威尔 公告编号：2026-001 南京迪威尔高端制造股份有限公司 关于 2021 年限制性股票激励计划首次及预留部分 第三个归属期归属结果的公告 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 公司上海分公司有关业务规则的规定，南京迪威尔高端制造股份有限公司（以下简 称"公司"）于 2026 年 1 月 16 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》，公司已完成 2021 年限制性股票激励计划（以下简称 "本激励计划"）首次及预留部分第三个归属期的股份登记工作。现将有关情况公 告如下： 一、本次限制性股票归属的决策程序和信息披露情况 1、2021 年 11 月 26 日，公司召开第五届董事会第三次会议，审议通过了《关于 <南京迪威尔高端制造股份有限公司 2021 年限制性股票激励计划（草案） >及其摘 要的议案》《关于<南京迪威尔高端制造股份有限公司 2021 年限制性股票激励计划 实施考核管理办法>的议案》以及《关于提请股东大会授权董事会办理公司 2021 年 限制性股票激励计划有关事项的议案》等议案。公 ...

南京迪威尔高端制造股份有限公司 章 程 二〇二六年一月 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司系由南京迪威尔实业有限公司与李跃玲、张洪 2 位自然人依法共同发起设立， 在南京市市场监督管理局注册登记，统一社会信用代码为：91320100690440184F。 第三条 公司于 2020 年 6 月 4 日经中国证券监督管理委员会（以下简称"中国证 监会"）同意注册，首次向社会公开发行人民币普通股 4,866.70 万股，于 2020 年 7 月 8 日在上海证券交易所上市。 第四条 公司注册名称： 中文名称：南京迪威尔高端制造股份有限公司 英文名称： Nanjing Develop Advanced Manufacturing Co., Ltd. | 第一章 | 总则 1 | | --- | --- | | 第二章 | 经营宗旨和范围 2 | | 第三章 | 股份 2 | | 第一节 | 股份发行 2 | | 第二节 | 股份增减和回购 3 | | 第三节 | 股份转让 4 | | 第四章 | 股东和股东会 4 | | 第一节 | 股东的一般规定 4 | | 第二节 | 控股股东和 ...

Core Viewpoint - The stock of Diwei has shown a positive trend in recent trading sessions, with a year-to-date increase of 6.43% and significant growth in revenue and net profit for the year 2025 [2][3]. Group 1: Stock Performance - As of January 12, Diwei's stock price decreased by 2.01%, trading at 39.06 CNY per share with a market capitalization of 7.604 billion CNY [1]. - Year-to-date, Diwei's stock has increased by 6.43%, with a 5-day increase of 5.48%, a 20-day increase of 5.60%, and a 60-day increase of 5.37% [2]. Group 2: Financial Performance - For the period from January to September 2025, Diwei achieved a revenue of 873 million CNY, representing a year-on-year growth of 9.86% [2]. - The net profit attributable to the parent company for the same period was approximately 89.71 million CNY, reflecting a year-on-year increase of 40.59% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders in Diwei increased to 4,884, up by 8.53% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 7.86% to 39,858 shares [2]. - Diwei has distributed a total of 134 million CNY in dividends since its A-share listing, with 103 million CNY distributed in the last three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, the third-largest circulating shareholder is the Noan Pioneer Mixed A fund, holding 8.7888 million shares, unchanged from the previous period [3]. - The Fuguo Tianhui Growth Mixed A/B fund increased its holdings by 253,000 shares, ranking as the seventh-largest circulating shareholder [3].