证券代码：000777 证券简称：中核科技 1 | 来盈利情况？秦山核电站 C14 实现国产化，对于降低 | | --- | | 中核海得威原材料成本，提升毛利率水平，是否会有 | | 帮助？预计在什么时候可以体现？ | | 答：秦山核电站实现利用核电商用堆生产 C14 同 | | 位素，破解了我国长期依赖进口 C14 的困局。中核海 | | 得威作为呼气试验药品及检测仪器的生产商，主要利 | | 用 C14 的放射性来诊断幽门螺杆菌感染。 | | 从成本端来看，在综合考虑国产化供应规模、具 | | 体定价后，若成本因 C14 国产化而降低，在产品销售 | | 价格不变或合理调整的情况下，利润空间可能得到拓 | | 展。 | | 2、2024 年公司核电收入 8.4 亿，同比大幅增长 | | 35%，但是毛利率 23 年为 30.4%，24 年上半年为 32%， | | 24 年全年为 24.2%，毛利率产生较大幅度波动的原因 | | 是？ | | 答：毛利率与产品产出结构有关。不同产品的毛 | | 利率存在差异。2024 年下半年，公司小口径阀门出产 | | 较多，部分小口径阀门销售价格偏低对毛利率产生了 ...

2.截至本公告披露之日，除《中核苏阀科技实业股份有限公司发行股份购买 资产并募集配套资金暨关联交易预案》披露的风险因素外，公司尚未发现可能导 致本次交易中止、取消或者对本次交易方案作出实质性变更的相关事项，本次交 易工作正在有序进行中。 一、本次交易的基本情况 股票代码: 000777 公司简称：中核科技 公告编号:2025-035 中核苏阀科技实业股份有限公司 关于发行股份购买资产并募集配套资金暨关联交易 的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 重要提示： 1.中核苏阀科技实业股份有限公司（以下简称"公司"）于 2025 年 1 月 14 日公告的《中核苏阀科技实业股份有限公司发行股份购买资产并募集配套资金暨 关联交易预案》"重大事项提示"及"重大风险提示"中，详细披露了公司拟发 行股份购买资产并募集配套资金（以下简称"本次交易"）可能存在的风险因素 及尚需履行的其他程序，敬请广大投资者注意投资风险。 本次交易的整体方案由发行股份购买资产和募集配套资金两部分组成。本次 交易公司拟通过发行股份方式，购买中国核电工程有限公司、国华军民融合产业 ...

Core Viewpoint - The article highlights the advancements and applications of smart valve systems in various sectors, particularly in smart water management, energy, and environmental protection, showcasing significant improvements in efficiency and sustainability. Group 1: Smart Water Management - Far East Valve Group has introduced a remote-controlled smart pressure regulating valve with IoT technology, achieving an 18% reduction in leakage rates during the renovation of old pipelines [1] - Shanghai Qizhong Valve has deployed over 2000 IoT valves in the Shenzhen Maozhou River governance project, resulting in a fault response time of 15 minutes and a pipeline leakage rate of less than 5% [3] - The Southeast Asia smart city project features a remote control system that covers the entire lifecycle of the water supply network, leading to a 30% reduction in energy consumption [4] - Crown Dragon Valve has implemented edge computing technology in smart water management, enhancing response speed to water level changes by five times with a latency of less than 50ms [5] Group 2: Energy and Industrial Applications - Suzhou Neway Valve has developed a 28-inch underwater ball valve for deep-sea oil and gas applications, certified by DNV, with a cost reduction of 40% compared to imported products [6] - LNG ship valves equipped with edge computing technology optimize the low-temperature operation cycle, achieving a global coverage rate of 40% for new LNG ships [7] - China Nuclear Su Valve Technology has established an intelligent processing workshop for forged steel valve bodies, utilizing industrial robots and 5G technology, achieving over 90% localization rate for nuclear-grade valves and a 20% reduction in labor costs [8] - Jiangsu Shentong Valve has integrated an AI fault diagnosis module in the metallurgical blast furnace gas recovery system, improving energy efficiency by 25% [9] Group 3: Environmental and New Energy Innovations - DI Intelligent Control Technology has applied AI health monitoring technology in the smart pipeline network of Beijing's sub-center, achieving a 98% accuracy rate in early warnings and a 90% reduction in burst pipe incidents [10] - In the Xiong'an New Area underground pipeline corridor project, adaptive pressure regulating valves achieve dynamic pressure balance in the pipeline network [11] - Shandong Oubiao has developed a worm gear self-locking control module that allows for millimeter-level adjustment of gate positions, saving over 100,000 yuan in cable costs for solar power supply systems [12] Group 4: Cross-Industry Innovations - The oil and chemical industry has achieved a 45% coverage rate of IoT technology, with corrosion-resistant smart valves supporting the lifecycle modeling of chemical parks [14] - Sanhua Holdings Group has integrated a temperature-pressure dual feedback mechanism in the smart valve for lithium battery cooling systems, resulting in a 35% reduction in failure rates in energy storage projects [14] - Key technological trends include edge computing and digital twin models enhancing response speed and predictive accuracy, green energy adaptation promoting carbon neutrality in water facilities, and the integration of blockchain and AIoT for data security and operational transparency [14]

证券代码：000777 证券简称：中核科技 公告编号：2025-033 中核苏阀科技实业股份有限公司（以下简称"公司"）已分别于 2025 年 4 月 16 日、 2025 年 4 月 29 日在巨潮资讯网披露了《2024 年年度报告》《2024 年年度报告摘要》及《2025 年第一季度报告》。为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况， 公司计划于 2025 年 5 月 9 日（星期五）13:00-14:30 举办中核苏阀科技实业股份有限公司 2024 年度暨 2025 年第一季度业绩说明会。 一、说明会召开的时间、地点和方式 会议召开时间：2025 年 5 月 9 日（星期五）13:00-14:30 会议召开方式：现场＋网络及电话会议 网络会议地点：价值在线（www.ir-online.cn） 现场会议地点：苏州市虎丘区珠江路 501 号中核科技 108 会议室 二、参加人员 中核苏阀科技实业股份有限公司 关于举办2024年度暨2025年第一季度 业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 董事长 马瀛，董事、副总 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0047 | -0.0040 | 217.5 | -0.0220 | | 每股净资产（元） | 5.81 | 5.17 | 12.38 | 4.64 | | 每股公积金(元) | 0.69 | 0.7 | -1.43 | 0.72 | | 每股未分配利润(元) | 3.20 | 2.85 | 12.28 | 2.43 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 2.38 | 1.55 | 53.55 | 2.46 | | 净利润(亿元) | 0.02 | -0.02 | 200 | -0.08 | | 净资产收益率(%) | 0.08 | -0.08 | 200 | -0.48 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 13391.08万股，累计占流通股比： 34.94% ...

中核苏阀科技实业股份有限公司 经审议，表决结果：同意 9 票，反对 0 票，弃权 0 票，回避 0 票 股票代码: 000777 公司简称：中核科技 公告编号:2025-031 本议案已经公司第八届董事会审计与风险管理（法治合规管理）委员会 2025 年第 4 次 会议审议通过。 第八届董事会第十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 中核苏阀科技实业股份有限公司第八届董事会第十六次会议于 2025 年 4 月 17日以书面 方式向全体董事发出会议通知，会议于 2025 年 4 月 27 日在公司会议室以现场+视频方式召 开。 会议由董事长马瀛先生主持。会议应参会董事九人，实际参会董事九人。公司监事会成 员及高管列席了本次董事会。本次会议的召开符合《公司法》和《公司章程》的有关规定， 会议合法有效。会议内容如下： 一、审议并通过了关于《2025 年一季度报告》的议案； 二〇二五年四月二十九日 具体内容详见同日刊登于《证券时报》及巨潮资讯网 www.cninfo.com.cn 的《2025 年 一季度报告》（2025-032）。 二、审 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥238,013,381.94, representing a 53.15% increase compared to ¥155,406,894.16 in the same period last year[5]. - Net profit attributable to shareholders was ¥1,806,449.20, a significant turnaround from a loss of ¥1,534,307.60 in the previous year, marking a 217.74% increase[5]. - The net profit after deducting non-recurring gains and losses was ¥242,672.06, compared to a loss of ¥8,162,039.86 in the same period last year, reflecting a 102.97% improvement[5]. - Basic and diluted earnings per share were both ¥0.0047, up 217.50% from a loss of ¥0.0040 per share in the same period last year[5]. - Total operating revenue for the current period reached ¥238,013,381.94, a significant increase from ¥155,406,894.16 in the previous period, representing a growth of approximately 52.9%[21]. - Net profit for the current period was ¥1,806,449.20, compared to a net loss of ¥1,534,307.60 in the previous period, indicating a turnaround in profitability[22]. - Other comprehensive income after tax for the current period was ¥64,946,370.27, compared to a loss of ¥9,570,575.47 in the previous period, indicating a significant recovery[22]. - Total comprehensive income amounted to ¥66,752,819.47, a decrease of ¥11,104,883.07 compared to the previous period[23]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥235,861,559.56, which is a 33.53% increase in outflow compared to ¥176,637,399.96 in the previous year[5]. - Cash inflow from operating activities totaled ¥209,379,183.53, up from ¥196,626,362.67 in the previous period[23]. - Cash outflow from operating activities was ¥445,240,743.09, compared to ¥373,263,762.63 in the previous period, resulting in a net cash flow from operating activities of -¥235,861,559.56[23]. - Net cash flow from investing activities was -¥6,694,199.42, an improvement from -¥7,680,943.75 in the previous period[24]. - Net cash flow from financing activities was -¥24,059,299.13, compared to a positive cash flow of ¥17,340,020.11 in the previous period[24]. - The ending balance of cash and cash equivalents was ¥142,838,663.02, an increase from ¥71,818,931.37 in the previous period[24]. - Cash flow from sales of goods and services received was ¥198,229,075.41, compared to ¥188,336,922.40 in the previous period[23]. - Total cash outflow for employee payments was ¥59,122,262.30, down from ¥66,013,667.26 in the previous period[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,595,908,893.62, a decrease of 1.77% from ¥3,660,699,534.48 at the end of the previous year[5]. - Total liabilities decreased to ¥1,369,562,460.66 from ¥1,502,247,450.30, representing a reduction of about 8.8%[19]. - The equity attributable to shareholders increased to ¥2,226,346,432.96 from ¥2,158,452,084.18, showing an increase of approximately 3.1%[19]. - The company's cash and cash equivalents decreased from ¥417,225,901.26 to ¥150,757,701.38, a decline of approximately 64.0%[17]. - Accounts receivable increased slightly from ¥1,179,446,753.07 to ¥1,184,619,280.03, an increase of about 0.3%[17]. - The total current assets decreased from ¥2,454,049,618.78 to ¥2,315,859,316.54, a decline of about 5.6%[17]. - The company's inventory increased by 24.22% to ¥649,920,402.43, primarily due to an increase in work-in-progress[8]. - Inventory increased significantly from ¥523,202,575.89 to ¥649,920,402.43, an increase of approximately 24.1%[17]. - Long-term equity investments increased to ¥654,227,100.06 from ¥634,942,882.06, reflecting a growth of about 3.0%[18]. - The company reported a decrease in deferred tax assets from ¥40,448,762.55 to ¥23,737,927.41, a decline of approximately 41.2%[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 57,999[12]. - The largest shareholder, China Nuclear Suzhou Valve Co., Ltd., holds 17.92% of shares, totaling 68,715,360 shares[12]. - The second largest shareholder, Shanghai Nuclear Power Co., Ltd., holds 9.33% of shares, totaling 35,753,819 shares[12]. - The company has no preferred shareholders or significant changes in the top 10 shareholders due to margin trading[13]. - The company has no significant related party transactions with major shareholders[13]. Research and Development - Research and development expenses rose by 41.24% to ¥15,099,424.44, driven by increased experimental costs during the reporting period[9]. - Research and development expenses rose to ¥15,099,424.44 from ¥10,690,275.91, marking an increase of about 41.5%[21]. Other Information - The company is planning to issue shares to acquire assets and raise matching funds, with related announcements made in early January 2025[14]. - The company did not undergo an audit for the first quarter report[25].

Core Viewpoint - The company's 2024 performance is below expectations, with revenue of 1.84 billion and net profit of 230 million, reflecting a modest year-on-year growth of 1.86% and 3.29% respectively, primarily due to capacity constraints and delayed project deliveries [1] Financial Performance - In Q4 2024, the company achieved revenue of 820 million, a year-on-year increase of 18.17%, and net profit of 110 million, up 23.84%, indicating a recovery in business during the second half of the year [1] - The revenue breakdown includes oil and petrochemical at 480 million, nuclear engineering valves at 840 million, other valves at 470 million, and forgings at 40 million, with respective year-on-year changes of -20.62%, +35.50%, -11.44%, and +1.60% [1] - The gross margin for the oil and petrochemical business improved significantly, with a year-on-year increase of 8.93% in H1 2024 and an overall annual increase of 3.59 percentage points [1] Regional Sales Performance - Revenue in the North China region surged by 108.06% year-on-year, while the East China region saw a decline of 26.29%, indicating the effectiveness of regional sales strategy adjustments [2] Growth Drivers - The nuclear power business is entering a strategic development phase, with nuclear engineering valve revenue reaching 839 million in 2024, a 35.50% increase, accounting for 45.50% of total revenue [3] - The company has a significant technological advantage in the nuclear valve sector, with key products meeting or exceeding import standards, leading to a steady increase in market share [3] - The approval of 11 new nuclear units in 2024 is expected to drive demand for nuclear valves, supported by a robust order backlog [3] Profit Forecast and Valuation - Due to slight capacity constraints in 2024 and a production cycle of 1-2 years for nuclear products, revenue and net profit forecasts for 2025 have been reduced by 2.9% and 12.5% to 2.05 billion and 260 million respectively [4] - The target price has been adjusted down by 9.2% to 18.7, with a projected increase of 14.8% from the current price [4]

2025年4月16日，中核科技（000777）发布了2024年年报。报告显示，公司实现营业总收入18.43亿元， 同比增长1.86%；归属净利润2.29亿元，同比增长3.29%；扣非净利润2.11亿元，同比增长9.35%。尽管 公司在财务指标上表现稳健，但研发投入同比下降9.77%，显示出在技术创新方面的潜在隐忧。中核科 技主要业务为工业用阀门的研发、生产、销售及服务，产品广泛应用于核工程、石油石化、公用工程等 领域。 财务表现：营收与利润稳步增长，但增速放缓 2024年，中核科技的营业总收入达到18.43亿元，同比增长1.86%，较2023年的20.65%增速明显放缓。归 属净利润为2.29亿元，同比增长3.29%，扣非净利润为2.11亿元，同比增长9.35%。尽管利润增长，但增 速较2023年的29.11%和31.29%大幅下降，显示出公司在高基数下的增长压力。 然而，公司的资产结构仍有待优化。截至2024年末，公司货币资金较上年末增加68.9%，占公司总资产 比重上升3.87个百分点；预付款项较上年末减少28.85%，占公司总资产比重下降1.69个百分点；存货较 上年末减少0.05%，占公司总资产比重下 ...

Core Insights - The company achieved a revenue of 1,843,447,034.94 yuan in 2024, reflecting a year-on-year growth of 1.86%, indicating stable business growth [1] - The net profit attributable to shareholders was 229,331,122.93 yuan, up 3.29% year-on-year, showcasing enhanced profitability [1] - The company reported a significant increase in net cash flow from operating activities, amounting to 106,579,128.61 yuan, compared to a negative cash flow of -47,216,721.69 yuan in the previous year, marking a 325.72% increase [3] Revenue and Profitability - Revenue from nuclear engineering valve products reached 838,718,216.67 yuan, accounting for 45.50% of total revenue, with a year-on-year growth of 35.50% [1] - Revenue from oil and petrochemical products was 479,331,521.88 yuan, representing 26.00% of total revenue, with a decline of 20.62% year-on-year [1] - Basic earnings per share increased to 0.60 yuan, up 3.45% year-on-year, indicating a solid operational performance [1] Expenses and R&D - Sales expenses decreased by 27.58% to 63,795,920.44 yuan, primarily due to reductions in modern service fees and business entertainment expenses [2] - Research and development expenses fell by 9.77% to 65,592,210.14 yuan, with R&D investment as a percentage of revenue decreasing from 4.02% to 3.56% [2] - The company has a total of 120 undergraduate R&D personnel, a decrease of 3.23%, while the number of master's degree holders increased by 63.33% to 49 [2] Cash Flow and Investment - The net cash flow from investment activities was 69,029,631.75 yuan, a growth of 1.57% year-on-year, supported by dividends received from other companies [3] - The net cash flow from financing activities was -5,182,616.98 yuan, an increase of 93.54% compared to the previous year, primarily due to changes in short-term and long-term borrowings [3] Management and Strategy - The company has implemented measures to address risks, including enhancing project management for non-nuclear key projects and expanding into emerging markets [4] - Management compensation is linked to company performance, with the chairman receiving a pre-tax remuneration of 975,700 yuan, aligning incentives with company growth [5][6] - The company aims to strengthen internal management and enhance technological innovation capabilities to navigate future challenges [6]