格隆汇12月22日｜爱建证券研报指出，神开股份是中国石油勘探、钻采及炼化领域的设备研发、制造与 销售的骨干企业，产品覆盖油气行业的上下游全链条。伴随中国海工装备国产替代深化以及海外AI数 字化油服业务拓展，公司主业盈利能力有望持续提升。中国油气产量增速快于全球，油气增量开发正加 速向海洋、非常规领域集中，带动相关装备结构性增量需求。公司有望深度受益于中国海工装备国产化 进程加速，叠加中东数字化油服业务逐步放量，整体盈利能力呈持续改善态势。首次覆盖，给予"买 入"评级。 ...

证券研究报告 公司研究 / 公司深度 2025 年 12 月 22 日 机械设备 报告原因： | 买入 (首次评级) | | --- | | 市场数据： | 2025 | 年 | 12 月 | 19 日 | | | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | 11.47 | | 一年内最高/最低（元） | | | | 15.88/4.73 | | | 市净率 | | | | | 3.6 | | 股息率（分红/股价） | | | | | 0.43 | | 流通 A 股市值（百万元） | | | | | 3,831 | | 上证指数/深证成指 | | | 3,890/13,140 | | | | 注："股息率"以最近一年已公布分红计算 | | | | | | | 基础数据： | | 30 | | 年 | 09 | | 2025 | 月 | 日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 每股净资产（元） | | | 3.2 | | | | | | | | 资产负 ...

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院深海科技研究小组发布的《中国海洋经济产业发展状况调研与投 资战略分析报告》 行业主要上市公司：中国船舶(600150.SH);中船防务(600685.SH);振华重工(600320.SH);中海油服 (601808.SH);中国海防(600764.SH);海兰信(300065.SZ);中天科技(600522.SH)等 本文核心数据：上市公司业务布局;上市公司业绩对比 深海科技行业上市公司汇总 中国深海科技上市公司数量较多，已形成完整产业链，涵盖高端装备制造、油气勘探服务、深海通信与 探测多个领域。以中国船舶、中海油服等为代表的央企龙头，主导深海钻井平台、特种船舶等重大装备 制造;中天科技、东方电缆在海底光缆电缆领域技术领先;海兰信、中国海防则聚焦水下探测与国防科 技。这些企业作为国家海洋战略的核心力量，正持续推动深海资源开发与关键技术自主化，展现出强大 的综合竞争力。 各公司公告 图表 1: 2025年中国深海科技产业上市公司汇总(一) | 公司简称 | 股票代码 | 要点 | 关联度 | | --- | --- | --- | --- | | 中国船舶 ...

爱建证券有限责任公司（以下简称"爱建证券"）深入学习贯彻党的二十届四中全会精神，深刻领悟"两 个确立"的决定性意义，坚决做到"两个维护"，以"五要五不"中国特色金融文化为指引，主动融入国家 发展大局，着力构建契合高水平科技自立自强的高质量金融服务体系，推动科技创新和产业创新深度融 合，走出了一条"金融报国"的特色之路。 金融是"国之大者"，关系中国式现代化建设全局。党的二十届四中全会通过的《中共中央关于制定国民 经济和社会发展第十五个五年规划的建议》明确提出加快建设金融强国，为扎实做好"十五五"金融工作 提供了根本遵循。 爱建证券立足金融工作的政治性、人民性，以高度的政治自觉积极投身于科技金融探索与实践。针对中 小型科技企业"融资难、配套难"痛点，构建起"投融资+产业赋能"的综合性服务体系，将金融活水精准 滴灌至科技创新前沿。 上海秉匠信息科技有限公司（以下简称"秉匠信息"）作为国家高新技术科技企业，是一家专注AI软件研 发的小型科技公司，虽具备前沿技术与创新活力，却面临"融资难、配套难"问题。爱建证券为秉匠信息 定制解决方案，双向发力，一端对接政府资源，以创新模式为企业拓展融资渠道，破解资金瓶颈；一端 依托 ...

Core Viewpoint - The company, Shanghai ShenKai Petroleum and Chemical Equipment Co., Ltd., has shown significant growth in revenue and net profit, with a high PE ratio compared to industry averages, indicating strong market interest despite recent capital outflows [1][2]. Company Summary - The closing price of ShenKai shares on December 5 was 11.72 yuan, reflecting a 1.74% increase, with a rolling PE ratio of 89.45 times and a total market capitalization of 4.265 billion yuan [1]. - The company's main business involves the research, development, manufacturing, and sales of equipment in the oil exploration, drilling, and refining sectors, with key products including oil and gas drilling equipment, exploration instruments, and petroleum product analysis instruments [1]. Financial Performance - For the third quarter of 2025, the company reported a revenue of 568 million yuan, representing a year-on-year increase of 14.47%, and a net profit of 37.775 million yuan, which is an 86.46% increase compared to the previous year, with a sales gross margin of 36.40% [1]. Industry Comparison - In terms of PE ratios, the average for the specialized equipment industry is 81.06 times, with a median of 61.33 times, positioning ShenKai at the 207th rank within the industry [1][2]. - The company’s static PE ratio is 141.39 times, while the industry average static PE is 88.41 times, and the median is 59.21 times [2].

Core Points - ShenKong Co., Ltd. (002278) reported a closing price of 11.72 yuan as of December 5, 2025, reflecting a 1.74% increase from the previous trading day, with a total market capitalization of 4.265 billion yuan [1] - The company plans to raise a total of 220 million yuan through a simplified procedure for a specific group of investors, with a share price set at 8.42 yuan per share [1] - The raised funds will be allocated to the high-end marine engineering equipment manufacturing base project, acquisition of 51% equity in Blue Ocean Zhixin, and to supplement working capital [1] Financial Performance - On the trading day, the stock opened at 11.41 yuan, reached a high of 11.74 yuan, and a low of 11.41 yuan, with a trading volume of 309 million yuan and a turnover rate of 7.97% [1] Regulatory Approval - The issuance has received approval from the Shenzhen Stock Exchange and registration from the China Securities Regulatory Commission, ensuring that there will be no change in the company's control [1]

证券代码：002278 证券简称：神开股份 上市地点：深圳证券交易所 上海神开石油化工装备股份有限公司 （上海市闵行区浦星公路 1769 号） 2025 年度以简易程序向特定对象发行股票 募集说明书 （注册稿） 保荐机构（主承销商） 二〇二五年十二月 上海神开石油化工装备股份有限公司 募集说明书（注册稿） 公司声明 1、公司及董事会全体成员保证本募集说明书内容真实、准确、完整，并确 认不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相 应的法律责任。 2、本募集说明书按照《上市公司证券发行注册管理办法》《公开发行证券 的公司信息披露内容与格式准则第 61 号——上市公司向特定对象发行证券募集 说明书和发行情况报告书》等要求编制。 3、本次以简易程序向特定对象发行股票完成后，公司经营与收益的变化， 由公司自行负责；因本次以简易程序向特定对象发行股票引致的投资风险，由投 资者自行负责。 4、本募集说明书是公司董事会对本次以简易程序向特定对象发行股票的说 明，任何与之不一致的声明均属不实陈述。 5、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 6、本募集说明书所述 ...

证券日报网讯 12月4日晚间，神开股份发布公告称，持股5%以上股东建湖县国有资产投资管理有限公 司将其持有的23，700，000股公司股份质押给苏州银行股份有限公司建湖支行，质押起始日为2025年12 月3日，质押用途为自身生产经营。 （文章来源：证券日报） ...

Group 1 - The core point of the article is that ShenKai Co., Ltd. has changed the status of its application for a specific stock issuance to effective registration [2] - The company plans to issue up to 26.1283 million shares [2] - The expected funds to be raised from this issuance amount to 220 million yuan [2] - The sponsoring institution for this issuance is Aijian Securities Co., Ltd. [2]

Core Viewpoint - The company plans to raise 220 million yuan through the issuance of shares to fund a high-end marine engineering equipment manufacturing base, acquire a 51% stake in Beijing Blue Ocean Zhixin Energy Technology Co., Ltd., and supplement working capital [1][2]. Group 1: Fundraising and Project Details - The issuance price is set at 8.42 yuan per share, with a total of 26.1283 million shares to be issued, raising a total of 220 million yuan [1]. - The project has a planned construction period of 1.5 years and a total investment of 110 million yuan, aimed at creating a benchmark production line for marine engineering equipment in Shanghai [1]. - The project will focus on key technologies such as underwater production systems, intelligent wellhead equipment, and ultra-high-pressure well control equipment, enhancing China's marine engineering equipment industry [1]. Group 2: Production Capacity and Market Position - Upon completion, the project is expected to achieve an annual production capacity of 400 sets of offshore wellhead equipment, ultra-high-pressure well control equipment, intelligent control systems, and precision pressure-controlled drilling systems [1]. - The products will meet international advanced standards and will also have maintenance and repair capabilities for underwater oil and gas production systems, improving the company's competitive position in the underwater oil and gas equipment sector [1]. Group 3: Acquisition and Strategic Alignment - The company plans to use part of the raised funds to increase capital in its wholly-owned subsidiary, Shanghai Shenkai Petroleum Technology Co., Ltd., for the acquisition of a 51% stake in Blue Ocean Zhixin at a transaction price of 60 million yuan [1][2]. - Blue Ocean Zhixin focuses on intelligent drilling technology innovations, providing data-driven integrated solutions to enhance drilling efficiency and risk management [2]. - The acquisition aligns with the company's core strategy of digital transformation and aims to leverage AI technology to reduce costs and increase efficiency in oilfields, creating new growth points [2]. Group 4: Financial Performance - In the first three quarters of 2025, the company reported total operating revenue of 568 million yuan, a year-on-year increase of 14.47%, and a net profit attributable to shareholders of 37.775 million yuan, a year-on-year increase of 86.46% [2].