Core Viewpoint - The throttle valve industry is experiencing significant growth driven by increasing demand across various sectors, including hydraulic systems, air dynamics, water supply, petrochemicals, and food and beverage industries. The market size for throttle valves in China is projected to reach approximately 7.369 billion yuan by 2024, with advancements in smart technology and automation further propelling the industry forward [1][15]. Industry Overview - Throttle valves control fluid flow by altering the flow area or length, ensuring precise regulation of system parameters such as pressure, temperature, and flow rate. They are essential in maintaining flow stability and preventing hydraulic shocks [1][15]. - The throttle valve market is expanding due to accelerated infrastructure development and industrial automation, with a projected market size of 7.369 billion yuan in China by 2024 [1][15]. Industry Chain - The upstream of the throttle valve industry includes raw materials such as metals (stainless steel, cast iron, copper alloys, alloy steel) and non-metals (PTFE, nylon, engineering plastics). The midstream involves the manufacturing of throttle valves, while the downstream encompasses applications in various sectors [9]. Performance Requirements - Key performance requirements for throttle valves include a wide flow adjustment range, minimal internal and external leakage, and low adjustment torque for sensitivity [4]. Development Trends - The throttle valve industry is moving towards high-end product development through technological upgrades, focusing on special materials, sealing technologies, and smart control systems. The demand for intelligent throttle valves is increasing due to rising industrial automation levels [23]. - The application of throttle valves is expanding beyond traditional sectors into new areas such as renewable energy, wastewater treatment, and medical devices, enhancing market resilience and creating new growth opportunities [24]. Key Companies - Leading companies in the throttle valve industry include: - **Hengli Hydraulic**: Specializes in hydraulic components and systems, with a projected revenue of 9.325 billion yuan in 2024, reflecting a 4.47% growth [19]. - **Neway Valve**: Focuses on high-end industrial valves, with a revenue forecast of 6.072 billion yuan in 2024, marking a 13.69% increase [21]. - **Other notable companies**: Jiangsu Shentong, Guandong Energy Saving, and Zhongke Technology, which are also making significant contributions to the industry [17][18]. Market Dynamics - The throttle valve industry is witnessing a shift towards domestic substitution, with local companies achieving breakthroughs in high-end markets, particularly in petrochemicals and nuclear power [17]. - The industry is also expanding its international presence, leveraging competitive pricing and technology transfer to penetrate markets in the Middle East and Southeast Asia [25].

证券代码：002438 证券简称：江苏神通 公告编号：2025-032 个月。 二、权益分派方案 江苏神通阀门股份有限公司 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或重大遗漏承担责任。 江苏神通阀门股份有限公司（以下简称"公司"或"本公司"）2024 年年度 权益分派方案已获 2025 年 5 月 7 日召开的 2024 年年度股东大会审议和通过，2024 年年度股东大会决议公告刊载于 2025 年 5 月 8 日的《证券时报》《中国证券报》 例固定的原则进行调整。本分配方案自披露至实施期间，公司股本总额未发生变 化。 调整原则一致。 《上海证券报》及巨潮资讯网 www.cninfo.com.cn 上（公告编号：2025-029）。 现将权益分派事宜公告如下： 一、股东大会审议通过权益分派方案情况 数，向全体股东每 10 股派发现金红利 1.75 元(含税)，共计派发现金红利 未分配利润结转以后年度。 本公司 2024 年年度权益分派方案为：以公司现有总股本 507,537,461 股为 基数，向全体股东每 10 股派 1.750000 元人民币现金（含税；扣税后 ...

江苏神通阀门股份有限公司（以下简称"公司"或"本公司"）2024 年年度 权益分派方案已获2025年5月7日召开的2024年年度股东大会审议和通过，2024 年年度股东大会决议公告刊载于 2025 年 5 月 8 日的《证券时报》《中国证券报》 《上海证券报》及巨潮资讯网 www.cninfo.com.cn 上（公告编号：2025-029）。 现将权益分派事宜公告如下： 一、股东大会审议通过权益分派方案情况 1、本公司 2024 年年度利润分配方案为：以现有总股本 507,537,461 股为基 数，向全体股东每 10 股派发现金红利 1.75 元(含税)，共计派发现金红利 88,819,055.68 元。公司 2024 年度不以资本公积金转增股本，不送红股，剩余 未分配利润结转以后年度。 2、本次分配方案公告后至实施前，公司总股本发生变化的，将按照分配比 例固定的原则进行调整。本分配方案自披露至实施期间，公司股本总额未发生变 化。 证券代码：002438 证券简称：江苏神通 公告编号：2025-032 江苏神通阀门股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告内容真实、准确和 ...

Group 1: Company Overview and Strategy - The company emphasizes adherence to commitment letters and regulations regarding information disclosure [2] - The company is focused on developing a professional marine valve production base and expanding its business scale in the marine engineering sector [3] Group 2: Product and Market Insights - The company has a diverse product matrix in the nuclear valve sector, including nuclear butterfly valves, nuclear ball valves, and other specialized products, fostering a healthy competitive landscape [5] - The hydrogen valve products cover a pressure range of 35-105 MPa, with successful development of 35 MPa and 70 MPa series products, gaining recognition in the domestic hydrogen energy market [6] Group 3: Financial and Operational Projections - The delivery cycle for valves related to the newly approved ten units is expected to take 2-3 years, with the bidding phase anticipated to complete by late 2025 to early 2026 [7] - The company aims to expand its export business, focusing on the Middle East and Southeast Asia, particularly in oil refining and gas extraction sectors [8] Group 4: Future Outlook - The company is committed to high-quality development in the nuclear energy sector, aligning with national energy strategies to meet the increasing demand for clean energy [11] - The subsidiary, Ruifan Energy, is expected to generate revenue from ongoing projects, including significant coal gas power generation initiatives in 2024 [10]

Core Insights - The article discusses the leading domestic valve brands in China for various industries, highlighting their market positions, technological advancements, and future trends. Group 1: Leading Brands and Market Position - Suzhou Neway Valve is recognized as a global benchmark for deep-sea valve technology, with 42% of its revenue coming from overseas and a production capacity exceeding 600,000 units per year [11][12] - China Nuclear Su Valve Technology is the only domestic company with full qualifications for nuclear-grade valves, achieving over 90% localization in nuclear power valves and securing over 1.5 billion yuan in nuclear power orders [12][13] - Shanghai Qizhong Valve holds a 53% market share in nuclear-grade butterfly valves, with a 180% annual increase in orders for new energy lithium battery valves [14][15] Group 2: Industry Trends and Innovations - The trend towards domestic substitution is accelerating, particularly in high-end fields such as semiconductor special gas valves and ultra-high pressure hydrogen valves, with leading companies investing over 8% of their revenue in R&D [32] - Green technology is expected to dominate municipal and energy project tenders, with low-carbon valves and smart water management solutions leading the way [33] - The global competition is intensifying, driven by infrastructure demands in Southeast Asia and the Middle East, with China's valve export expected to exceed 12 billion USD by 2025 [34]

江苏神通阀门股份有限公司 上市公司名称：江苏神通阀门股份有限公司 股票上市地点：深圳证券交易所 股票简称：江苏神通 股票代码：002438 信息披露义务人：湖州风林火山股权投资合伙企业（有限合伙） 住所：浙江省湖州市吴兴区泊月湾 36 幢 B 座-24 通讯地址：上海市浦东新区张杨路 2389 弄 LCM 置汇旭辉广场 C 座 1602 股份变动性质：减少（大宗交易及集中竞价交易减持） 报告签署日期：2025 年 5 月 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》 《收购办法》的规定，本权益变动报告书已全面披露信 息披露义务人湖州风林火山股权投资合伙企业（有限合伙）在江苏神通中拥有权 益的股份变动情况。 四、截至本报告书签署之日，除本报告书披露的持股信息外，信息披露义务 人没有通过任何其他方式增加或减少其在江苏神通拥有权益的股份。 五、本次权益变动是根据本报告书所载明的资料进行的。信息披露义务人没 有委托或者授权任何其他人提供未在本报告书中列载的信息和对本报告书做出 任何解释或者说明。 六、信息披露义务人承诺本报告不存在虚假记载、误导性陈述或重大遗漏， 并对其真实性、准确性和完整性承担 ...

证券代码：002438 证券简称：江苏神通 公告编号：2025—031 江苏神通阀门股份有限公司 关于持股 5%以上股东权益变动后持股比例触及 1%整数倍且持股比例 降至 5%以下暨披露简式权益变动报告书的提示性公告 公司股东湖州风林火山股权投资合伙企业（有限合伙）保证向本公司提供的信 息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 人发生变化，不会对公司经营及治理结构产生影响。 火山"）持股数量为2,537.6863万股，持股比例为4.999998%，不再是公司持股5%以上股东。 江苏神通阀门股份有限公司（以下简称"公司"）于2025年3月12日披露了《关于持股5% 以上股东减持股份的预披露公告》（公告编号：2025-010）。持有公司股份3,507.1863万股 （约占公司总股本比例为6.91%）的股东湖州风林火山股权投资合伙企业（有限合伙）计划自 该公告披露之日起15个交易日后的三个月内以集中竞价方式或大宗交易方式减持公司股份不超 过1,522.6124万股（约占公司总股本比例为3%）,其中通过集中竞价交易方式 ...

江苏神通阀门股份有限公司 简式权益变动报告书 上市公司名称：江苏神通阀门股份有限公司 股票上市地点：深圳证券交易所 股票简称：江苏神通 股票代码：002438 信息披露义务人：湖州风林火山股权投资合伙企业（有限合伙） 住所：浙江省湖州市吴兴区泊月湾 36 幢 B 座-24 通讯地址：上海市浦东新区张杨路 2389 弄 LCM 置汇旭辉广场 C 座 1602 股份变动性质：减少（大宗交易及集中竞价交易减持） 报告签署日期：2025 年 5 月 1 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》(以下简称"《收购办法》")及《公开发行证券的公司 信息披露内容与格式准则第 15 号——权益变动报告书》等相关法律、法规的有 关规定编写本权益变动报告书。 二、信息披露义务人签署本权益变动报告书已获得必要的授权和批准，其履 行亦不违反信息披露义务人内部管理制度中的任何条款或与之冲突。 三、依据《证券法》、《收购办法》的规定，本权益变动报告书已全面披露信 息披露义务人湖州风林火山股权投资合伙企业（有限合伙）在江苏神通中拥有权 益的股份变动情况。 四、 ...

证券代码：002438 证券简称：江苏神通 公告编号：2025—031 江苏神通阀门股份有限公司 关于持股 5%以上股东权益变动后持股比例触及 1%整数倍且持股比例 降至 5%以下暨披露简式权益变动报告书的提示性公告 公司股东湖州风林火山股权投资合伙企业（有限合伙）保证向本公司提供的信 息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、本次权益变动性质为股份减少，不触及要约收购。 份管理暂行办法》《深圳证券交易所上市公司自律监管指引第18号——股东及董事、监事、高 级管理人员减持股份》等相关规定，现将相关情况公告如下： 一、股东权益变动触及1%整数倍的情况 自前次（2025年5月6日）公司披露股东风林火山权益变动后持股比例触及1%整数倍公告之 后至2025年5月20日期间，风林火山累计减持508万股，持有公司股份比例由原6.000909%减少 至4.999998%，权益变动触及1%的整数倍。具体情况如下： 合计持有股份 3,045.6863 6.000909 2,537.6863 4.999998 其中：无限售条件 ...