智通财经APP讯，达意隆(002209.SZ)公告，公司全资子公司天津宝隆包装技术开发有限公司(简称"天津 宝隆")受到下游核心客户战略布局调整影响，代工订单大幅下降，盈利能力呈下行趋势。为降低运营成 本，提高经营效率，公司拟关停天津宝隆生产线，后续根据市场情况拟采用变更经营模式的方式持续运 营。 ...

格隆汇12月26日｜达意隆：子公司天津宝隆受到下游核心客户战略布局调整影响，代工订单大幅下降， 盈利能力呈下行趋势。为降低运营成本，提高经营效率，公司拟关停天津宝隆生产线，后续根据市场情 况拟采用变更经营模式的方式持续运营。 ...

证券代码：002209 证券简称：达意隆 公告编号：2025-052 广州达意隆包装机械股份有限公司 关于全资子公司关停生产线的公告 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。 广州达意隆包装机械股份有限公司（以下简称"公司"）全资子公司天津宝 隆包装技术开发有限公司（以下简称"天津宝隆"）受到下游核心客户战略布局 调整影响，代工订单大幅下降，盈利能力呈下行趋势。为降低运营成本，提高经 营效率，公司拟关停天津宝隆生产线，后续根据市场情况拟采用变更经营模式的 方式持续运营。现将相关情况公告如下： 一、天津宝隆基本情况 1、企业名称：天津宝隆包装技术开发有限公司 2、统一社会信用代码：91120111300397978T 3、类型：有限责任公司（法人独资） 4、注册资本：叁仟万元人民币 5、法定代表人：张颂明 6、成立日期：2014-05-06 7、住所：天津市西青经济技术开发区天源道 9 号 A1、A2、B1 座 8、经营范围：包装技术开发；日用化学产品、化学试剂（以上均不含危险 品及易制毒品）制造；包装材料生产；日用化学产品、化学试剂（以上均不含危 险品及 ...

12月25日，达意隆涨5.04%，截至发稿，报16.89元/股，成交9610.21万元，换手率3.71%，总市值33.62 亿元。 李育鑫累计任职时间2年65天，现任基金资产总规模37.93亿元，任职期间最佳基金回报95.46%， 任职 期间最差基金回报0.94%。 资料显示，广州达意隆包装机械股份有限公司位于广东省广州市黄埔区云埔一路23号，成立日期1998年 12月18日，上市日期2008年1月30日，公司主营业务涉及液体自动化包装机械的研发、生产和销售;饮 料、日化洗液等液体的代加工。主营业务收入构成为：液体包装机械及自动化设备93.85%，代加工 6.05%，其他0.10%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 从达意隆十大流通股东角度 责任编辑：小浪快报 广发量化多因子混合A（005225）基金经理为易威、李育鑫。 截至发稿，易威累计任职时间2年174天，现任基金资产总规模38.18亿元，任职期间最佳基金回报 67.86%， 任职期间最差基金回报-1 ...

Core Viewpoint - Dali Long's stock price has shown significant growth this year, with a year-to-date increase of 74.36%, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - As of December 24, Dali Long's stock price reached 16.09 CNY per share, with a trading volume of 23.45 million CNY and a turnover rate of 0.94%, resulting in a total market capitalization of 3.202 billion CNY [1]. - The stock has experienced a 6.27% increase over the last five trading days, a 9.08% increase over the last 20 days, and a 7.34% increase over the last 60 days [1]. - Dali Long has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on July 21, where it recorded a net buy of 14.21 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Dali Long achieved a revenue of 1.335 billion CNY, representing a year-on-year growth of 38.95%, and a net profit attributable to shareholders of 103 million CNY, reflecting a significant increase of 146.16% [2]. - Cumulative cash dividends since the A-share listing amount to 80.78 million CNY, with 17.71 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of Dali Long's shareholders increased to 23,200, a rise of 48.69%, while the average number of circulating shares per person decreased by 32.29% to 6,750 shares [2]. - The top ten circulating shareholders include notable funds, with the third-largest being "招商量化精选股票发起式A" holding 2.9706 million shares, which decreased by 1.5667 million shares compared to the previous period [3].

Group 1 - The core viewpoint is that the company, as a leading player in the beverage packaging machinery industry, is expected to benefit from the significant price gap between domestic and imported machinery, with domestic export prices averaging less than $200 per unit compared to $36,300 for imports [1] - The company has nearly 30 years of experience in liquid packaging equipment manufacturing, with its technology being at a leading level domestically and having exported to multiple countries [1] - The company has a sufficient order backlog, which is expected to support its performance starting from 2025 [1] Group 2 - The domestic packaging machinery manufacturing market is experiencing a clear trend of domestic substitution, with production of specialized packaging equipment reaching 1.7555 million units by November 2025, and domestic manufacturers gaining competitiveness in the mid-to-low-end market [2] - The Chinese beverage market is currently only one-third the size of the U.S. market, indicating significant growth potential, especially with the rapid development of the sugar-free beverage sector [2] - The company's revenue for the first three quarters of 2025 reached 1.335 billion yuan, a year-on-year increase of 38.95%, while net profit increased by 146.16% to 103 million yuan [2] Group 3 - Revenue forecasts for the company are projected at 1.87 billion, 2.22 billion, and 2.44 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding net profits of 130 million, 200 million, and 230 million yuan [3] - The company is assigned a target price of 19.8 yuan based on a 20x PE ratio for 2026, with an initial "buy" rating [3]

Group 1: Company Overview and Operations - The company has seen a steady increase in gross margin due to optimizing product structure, enhancing internal management, improving product quality, and continuously promoting cost reduction and efficiency enhancement [2][3]. - The company's OEM business primarily involves the production and processing services of PET bottle preforms, bottled beverages, and daily chemical liquid detergents [3]. Group 2: Product Applications and Market Strategy - Aseptic filling equipment is widely applicable in the production of functional beverages, fruit juices, dairy products, tea drinks, carbonated beverages, and bottled drinking water [3]. - The company expands its market in Southeast Asia mainly through partnerships with agents, leveraging their local insights and resources to effectively reach target customers [3]. Group 3: Financial Management and Risk Mitigation - The company reports that its major clients in India have a good payment performance with no significant default risks to date [3]. - Overseas revenue is primarily settled in USD, with RMB and other currencies used for regional business transactions. The company closely monitors exchange rate fluctuations and may engage in foreign exchange hedging to manage risks [3]. Group 4: Cost Management and Future Plans - According to the company's Q3 2025 report, sales, management, and financial expense ratios are all below industry averages, indicating effective cost management [4]. - The company plans to continue controlling the growth of expenses through proactive and effective cost management strategies [4].

Summary of Key Points from Conference Call Records Industry Overview - The liquid food packaging machinery industry is experiencing strong growth, with China's export value increasing by approximately 23% year-on-year in the first ten months of 2025, particularly in Southeast Asia, which accounts for about 25% of exports [1][2][3] - Emerging markets such as Southeast Asia, the Middle East, and Africa are seeing a surge in demand for bottled water and carbonated beverages, indicating a robust growth potential for the packaging machinery sector [2][3] - The engineering machinery industry is expected to maintain a growth rate of 15%-20% in 2026, with domestic sales of excavators expected to remain stable or slightly increase in Q4 [2][17] Company Insights: Dayilong - Dayilong, a supplier of complete line equipment for liquid products, has a full order book and is expanding its production capacity. Its contract liabilities increased by 46% year-on-year in the first three quarters of 2025, driven by overseas demand [1][4] - The revenue structure of Dayilong is shifting from 55% domestic and 45% overseas at the beginning of the year to a balanced 50-50 by the end of 2025, with expectations for overseas revenue to rise to 60% in 2026 [4][7] - Dayilong's competitive advantages include a price that is 20%-30% lower than foreign brands and faster service, particularly in emerging markets like South Asia and Southeast Asia [4][5][6] - The company is on track to achieve a production value of approximately 17 billion yuan in 2025, with plans to release about 5 billion yuan in production value annually from 2026 to 2027, reaching a long-term production capacity of 2.7 billion yuan by the end of 2027 [4][7] Financial Projections - Dayilong's revenue is projected to reach 18-19 billion yuan in 2025 and approximately 25 billion yuan in 2026, with net profit expected to be around 2.5 billion yuan, reflecting an increase of 8%-10% [7] - The overall market sentiment for the liquid food packaging machinery industry remains positive, with expectations for Dayilong's market capitalization to grow significantly from its current level of around 3 billion yuan [7] Competitive Landscape - Dayilong competes with international brands like Krones and Sidel, as well as domestic competitors like Newmeixing. The company's growth is supported by a strong order acquisition strategy, particularly through partnerships with agents [6] - Despite some competitors showing higher growth rates, Dayilong's ability to secure large orders from significant clients, such as a major beverage group in India, indicates strong growth potential [6] Additional Insights - The engineering machinery sector is currently undervalued, with a projected PE ratio of 12-13 for 2026, while growth expectations for the next two years are between 30%-40% [21] - Companies like LiuGong, XCMG, SANY Heavy Industry, and Zoomlion are highlighted as having good investment opportunities within the engineering machinery sector [22]

Core Viewpoint - The company has successfully exported its aseptic filling production line, indicating a positive development in its international operations [1] Group 1: Company Developments - The company announced that its aseptic filling production line has achieved export status [1] - This development reflects the company's ability to expand its market reach beyond domestic borders [1] Group 2: Industry Trends - Emerging economies are experiencing steady growth in per capita consumption capacity, which is expected to drive demand in the beverage industry [1] - The beverage industry is anticipated to evolve towards greater diversification of product categories and segmentation of consumption scenarios, leading to increased demand for aseptic filling equipment in overseas markets [1]

Group 1: Company Overview and Business Model - The company focuses on high-end liquid packaging equipment, providing comprehensive solutions for various industries including beverages, edible oils, and daily chemicals [4] - The business model combines machinery manufacturing and engineering construction, with revenue recognition based on the transfer of control as per accounting standards [5] Group 2: Financial Performance - In H1 2025, the domestic gross margin was approximately 24.06%, while the overseas gross margin was about 30.88%, attributed to product cost advantages and market dynamics [3] - The company has a robust order backlog, indicating a tight short-term capacity, with plans to enhance assembly efficiency post facility expansion [4] Group 3: Market Expansion and Trends - The Southeast Asia and South Asia beverage markets are in a rapid expansion phase, driven by urbanization and rising incomes, leading to a diversified consumption structure [3] - The company actively expands its international marketing channels to increase order volume and quality in overseas markets [2] Group 4: Product Development and Innovation - The company has made significant advancements in sterile filling technology, mastering both wet and dry sterilization processes, and has achieved breakthroughs in high-speed bottling lines [4] - Sterile filling equipment is applicable for a wide range of beverage products, including functional drinks and bottled water, with growing demand expected in international markets [4] Group 5: Competitive Advantages - The company has identified key competitive advantages in health-oriented and low-calorie beverage segments, responding to consumer trends for natural and functional products [3] - The product lineup includes industry-leading equipment such as the fully automatic high-speed PET bottle blowing machine, which fills domestic technology gaps [4]