证券日报网讯江苏神通（002438）8月27日发布公告，在公司回答调研者提问时表示，公司积极关注国 内已获批准正在建设的核电站的招标需求，持续为中核、中广核、华能等工程公司新建核电机组提供各 类核级阀门及装备，公司2025年上半年通过核能业务板块获得新增订单4.83亿元，大致对应6~7台新批 准核电机组。2025年下半年至2026年初，预计还将有约10台新核准核电机组的阀门及各类装备招标工作 陆续启动，公司将积极参与其中。 ...

Group 1 - The company emphasizes the importance of value enhancement as the core of its market capitalization management efforts, ensuring compliance with legal regulations while utilizing market value management tools [1] - The company aims to continuously optimize its technological innovation capabilities to strengthen its core competitiveness, striving to improve both operational scale and quality [1] - The company is committed to actively engaging with investors to promote its investment value and has outlined a shareholder return plan for the next three years (2024-2026) to provide stable and predictable returns to all shareholders [1]

Core Viewpoint - Jiangsu Shentong (002438) focuses on the research and supply of valve equipment for metallurgy, energy, nuclear power, offshore engineering, hydrogen energy, and semiconductor fields, as well as the development and manufacturing of flanges and forgings for the chemical and nuclear power sectors [1] Group 1 - The company aims to provide energy-saving and CO governance technology services for industries such as steel metallurgy [1] - The management's goal is to achieve stable operational performance while enhancing overall competitiveness [1] - The company is committed to delivering sustainable and predictable returns to investors [1] Group 2 - The company emphasizes the importance of collective efforts from the board and all employees to achieve its objectives [1] - The long-term vision includes building a century-old Shentong and becoming a respected enterprise [1]

证券日报网讯江苏神通（002438）8月27日发布公告，在公司回答调研者提问时表示，随着公司持续发 展，扩大出口、走国际化道路是实现规模提升和技术进步的战略选择。公司将根据国际国内市场竞争形 势，积极拓展国际化业务。目前，公司已成立国际贸易部，市场渠道开拓工作正在稳步推进。未来，出 口业务市场将重点关注中东、东南亚等地区的石油炼化等领域。 ...

Group 1 - The steel metallurgy industry is experiencing a decline in demand, leading to increased competition for valve products [1] - The company is enhancing product research and development, as well as process innovation, to address market challenges [1] - The company is implementing cost reduction and efficiency improvement measures while promoting its "valve steward" service to increase brand influence and market share [1] Group 2 - Global and domestic capital expenditure in the chemical and refining industries is slowing down, intensifying competition for the company's energy and chemical products [1] - The company plans to continue investing in research and development in the energy and chemical sector and innovate marketing strategies to gradually increase market share in the energy and petrochemical valve products [1]

Group 1: Investor Relations Activity - The investor relations activity was categorized as an earnings briefing meeting [2] - The meeting took place on August 25, 2025, at the company's headquarters [2] - Key personnel included the President, Vice President, CFO, Independent Director, and Securities Representative [2] Group 2: Meeting Content - The company presented its production and operational status for the first half of 2025 [2] - Future development trends were also discussed during the meeting [2] - Detailed content can be found in the attachment: meeting records from August 25, 2025 [2]

Group 1: Company Performance and Goals - The company focuses on valve equipment R&D and supply in metallurgy, energy, nuclear power, marine engineering, hydrogen energy, and semiconductor fields, aiming for steady operational performance and enhanced competitiveness to provide sustainable returns to investors [3] - The company has set a profit distribution plan for 2024, proposing a cash dividend of 1.75 yuan per 10 shares, totaling approximately 88.82 million yuan distributed on June 18, 2025 [9] - As of June 30, 2025, the company's inventory balance was approximately 1.006 billion yuan, with a provision for inventory impairment of about 9.137 million yuan [13] Group 2: Market and Investment Strategies - The company emphasizes value management and aims to enhance core competitiveness through continuous innovation and effective communication with investors [6] - The company plans to expand its international business, focusing on markets in the Middle East and Southeast Asia, particularly in the oil refining sector [21] - The company is currently in the "verification-small batch supply" stage for its semiconductor valve business, with significant upfront costs impacting short-term profitability [7] Group 3: Nuclear Power Business Insights - The company achieved new orders worth 483 million yuan in the first half of 2025, corresponding to approximately 6-7 newly approved nuclear power units [24] - The nuclear valve business is expected to see a growth rate of 15% in the first half of the year, with revenue recognition based on the actual delivery schedule of products [8] - The company has developed valve products that meet the standards for third and fourth-generation nuclear power plants, covering major domestic reactor types [25]

8月26日，江苏神通大宗交易成交380万股，成交额4864万元，占当日总成交额的21.9%，成交价12.8元，较市场收盘价13.73 元折价6.77%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交軍 | 成交全额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-08-26 | 002438 | 江苏神通 | 12.80 | 340.00 | | 4,352.00东方财富证券股份 | 中航证券有限公司 | | | | | | | | 有限公司扬州文昌 | 杭州莫干山路证券 | | | | | | | | 中路证券营业部 | 营业部 | | 2025-08-26 | 002438 | 江苏神通 | 12.80 | 40.00 | 512.00 | 东方财富证券股份 | 中泰证券股份有限 | | | | | | | | 有限公司扬州文昌 | 公司南昌团结路证 | | | | | | | | 中路证券营业部 | 券营业部 | ...

内容概要：开关阀是一种通过启闭件控制流体通断的工业设备，属于阀门式样的开关。阀门行业是我国 机械制造业中的一个重要领域，而机械制造业是实体经济的重要组成部分。近年来，国家及相关部门不 断出台一系列政策，推动我国阀门行业发展。开关阀广泛应用于石油、化工、电力、冶金、环保、水处 理等传统行业，随着工业自动化的推进，电动、气动等自动化开关阀的市场需求正逐步扩大，同时在新 能源、生物医药、环保、电子半导体等新兴领域的应用也在不断拓展。2024年，我国开关阀市场规模从 2016年的116.2亿元增长至212.3亿元，预计2025年我国开关阀市场规模有望达到262.7亿元，预计2031年 有望突破400亿元。 开关阀的分类方式多样，按驱动方式也是最常见的分类方式可以分为手动开关阀、气动开关阀、电动开 关阀、液动开关阀。 上市企业：纽威股份(603699)、中核苏阀(000777)、上海冠龙阀门（301151）、江苏神通(002438)、永盛 科技(874497)、方正阀门(920082)、浙江力诺(300838) 相关企业：烟台金泰美林科技股份有限公司、浙江中德自控科技股份有限公司、上海永项阀门制造有限 公司、大连大高阀 ...

Core Viewpoint - Jiangsu Shentong has established a subsidiary focused on the development of specialized valves for semiconductor equipment, indicating a strategic move into the semiconductor and photovoltaic sectors [2] Group 1: Company Developments - The company set up Shentong Semiconductor Technology (Nantong) Co., Ltd. in December 2022 to focus on the independent research and development of vacuum control butterfly valves and ultra-pure process gas valves [2] - Some key products have entered the prototype verification stage with customers, and some have achieved small-scale introduction into customer production lines, indicating readiness for market promotion [2] Group 2: Industry Focus - The company is building a research and development system that integrates multiple disciplines, including mechanics, electronics, software, and measurement and control, to provide customized services [2] - The focus is on meeting the high-end demands of industries such as integrated circuits, photovoltaics, and display panels [2]