Group 1 - Jiangsu Shentong (002438) disclosed that shareholder Ningbo Jiyuan Ruili Venture Capital Partnership (Limited Partnership) pledged a total of 10.08 million shares, accounting for 1.99% of the total share capital [1] - The details of the pledge include 6.72 million shares (8.13% of its holdings, 1.33% of total share capital) starting from August 27, 2025, and 3.36 million shares (4.06% of its holdings, 0.66% of total share capital) starting from August 28, 2025 [1] - As of the announcement date, Ningbo Jiyuan Ruili has pledged a total of 10.08 million shares, representing 12.19% of its total holdings, while another shareholder, Huzhou Fenglin Huoshan Equity Investment Partnership (Limited Partnership), has pledged 10.70 million shares, accounting for 42.16% of its holdings [1] Group 2 - Jiangsu Shentong reported a main revenue of 1.068 billion yuan for the first half of 2025, an increase of 1.52% year-on-year, and a net profit attributable to shareholders of 150 million yuan, up 4.72% year-on-year [3] - In Q2 2025, the company achieved a single-quarter main revenue of 491 million yuan, a year-on-year increase of 1.9%, and a net profit attributable to shareholders of approximately 60.89 million yuan, up 1.61% year-on-year [3] - The company has a debt ratio of 40.37%, investment income of approximately 13.99 million yuan, financial expenses of approximately 8.31 million yuan, and a gross profit margin of 32.33% [3] Group 3 - Jiangsu Shentong primarily engages in the research, production, and sales of special valves and flanges used in metallurgical applications, nuclear power plants, and petrochemical industries [4] - The company also conducts project investment business related to dry dust removal systems and energy management through its subsidiary Ruifan Energy [4]

Core Viewpoint - Jiangsu Shentong Valve Co., Ltd. disclosed recent changes in share pledges by its major shareholder, Ningbo Juyuan Ruili Venture Capital Partnership, indicating a reduction in pledged shares and the absence of immediate risks to the company's control or operations [1][2]. Share Pledge Changes - Juyuan Ruili released a total of 16,800,000 shares from pledge, which represents 20.32% of its holdings and 3.31% of the company's total shares [1]. - The shareholder's current pledged shares amount to 10,080,000, accounting for 12.19% of its holdings and 1.99% of the company's total shares [2]. Risk Management - The company stated that there is no risk of forced liquidation of the pledged shares, ensuring that the actual control of the company will not change and that there will be no adverse effects on its operations or governance [2]. - In case of any potential risks, Juyuan Ruili plans to take measures such as additional pledges or early repayments to mitigate any issues [2]. Additional Information - The board of directors of Jiangsu Shentong Valve Co., Ltd. confirmed the accuracy and completeness of the disclosed information [1][3].

证券代码：002438 证券简称：江苏神通 公告编号：2025-054 江苏神通阀门股份有限公司 关于控股股东部分股权解除质押及质押的公告 | | 致行动人 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 聚源 | 是 | 6,720,000 | 8.13 | 1.32 | 否 | 否 | 2025 年 8 月 27 日 | 申请解 除质押 | 国泰海 通证券 | 融资 | | 瑞利 | | 3,360,000 | 4.06 | 0.66 | 否 | 否 | 2025 年 8 月 28 日 | 之日止 | 股份有 限公司 | | | 合计 | - | 10,080,000 | 12.19 | 1.99 | | | | | | | 三、累计被质押情况 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 江苏神通阀门股份有限公司（以下简称"公司"、"本公司"）于近日收到控 股股 ...

Group 1 - On September 1, Jiangsu Shentong executed a block trade of 3.4 million shares, with a transaction value of 43.18 million yuan, accounting for 16.51% of the total transaction value for the day [1][2] - The transaction price was 12.70 yuan, representing a 6% discount compared to the market closing price of 13.51 yuan [1][2]

证券代码：002438 证券简称：江苏神通 公告编号：2025-053 江苏神通阀门股份有限公司 关于公司股东部分股权解除质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 三、其他说明 风林火山目前资信状况良好，具备相应的资金偿还能力，所持股票的质押风 险在可控范围之内。后续如出现平仓风险，风林火山将采取包括但不限于补充质 押、提前还款等措施予以应对。 四、备查文件 1、解除质押登记证明； 江苏神通阀门股份有限公司（以下简称"公司"、"本公司"）于近日收到公 司股东湖州风林火山股权投资合伙企业（有限合伙）（以下简称"风林火山"）通 知，风林火山将所持有本公司的部分股份于近日办理了解除质押手续。具体事项 如下： | 股东 | 是否为第一 | 本次解除 | 占其所持 | 占公司总 | 质押开始 | 解除质押 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及一 | 质押股份 | 股份比例 | 股本比例 | 日期 | 日期 | 质权人 | | | 致行动人 | 数量(股) | ...

Core Viewpoint - Jiangsu Shentong announced its commitment to international expansion as a key strategy for enhancing company scale and promoting technological advancement [2] Company Strategy - The company is actively laying out its international business expansion based on an understanding of competitive dynamics in both domestic and international markets [2] - An international trade department has been established, and a team of experienced professionals has been formed to support this initiative [2] - External licensing and certification processes are nearly complete, and market channel development is progressing as planned [2] Future Focus - Future export efforts will concentrate on core areas such as petroleum refining and oil and gas extraction to achieve long-term development goals [2]

Group 1 - The core viewpoint is that Jiangsu Shentong is facing challenges due to a decline in the steel metallurgy industry's prosperity, leading to reduced market demand for its valve products and increased competition [2] - The company is enhancing product research and development, as well as process innovation, to address these challenges and implement cost reduction and efficiency improvement measures [2] - Jiangsu Shentong is increasing marketing efforts for its "Valve Butler" service to enhance brand influence and market share [2] Group 2 - The capital expenditure pace in the global and domestic chemical and refining industries is slowing down, resulting in intensified competition for the company's energy and chemical products [2] - The company plans to continue investing in research and development in the energy and chemical sector and innovate marketing models to gradually increase its market share in the energy and petrochemical valve products [2]

Group 1 - The company Jiangsu Shentong announced on August 28 that the civil engineering for its high-end valve intelligent manufacturing project, which is part of its original fundraising investment plan for Q2 2024, has been completed [2] - The company is currently working on outdoor supporting facilities and water supply and drainage auxiliary projects, with the next phase being equipment installation and debugging [2] - The project is expected to enter trial production gradually by the end of 2025 [2]

Group 1 - The core viewpoint of the article is that Jiangsu Shentong announced on August 28 that its nuclear power valve products' gross margin is currently at a relatively stable level [2] - The company expects the gross margin to remain stable as long as there are no significant changes in its business model and market competition landscape [2]

Group 1 - The company Jiangsu Shentong announced on August 28 that its new production capacity will comprehensively cover various valve categories including butterfly valves, ball valves, diaphragm valves, and instrument valves [2]