Core Viewpoint - The company is increasing its R&D investment in the nuclear power sector, aligning with advancements in domestic nuclear technology and successfully launching a series of valve products that meet the standards of third and fourth generation nuclear technology [1] Group 1 - The company's products now cover major domestic reactor types including AP1000, Hualong One, CAP1400, high-temperature gas-cooled reactors, and fast reactors [1] - The valves provided by the company are designed to offer stable and reliable support for new nuclear power units [1]

Core Viewpoint - Jiangsu Shentong announced on August 27 that the construction of its high-end valve intelligent manufacturing project, which is part of its original fundraising investment plan for the second quarter of 2024, has been completed and is now moving into the equipment installation and debugging phase, with trial production expected to commence by the end of 2025 [1] Group 1 - The civil engineering work for the high-end valve intelligent manufacturing project has been completed [1] - The company is currently working on outdoor supporting facilities and water supply and drainage projects [1] - Equipment installation and debugging are the next steps in the project timeline [1] Group 2 - Trial production is anticipated to begin gradually before the end of 2025 [1]

（编辑 袁冠琳） 证券日报网讯 江苏神通8月27日发布公告，在公司回答调研者提问时表示，根据公司制定的《未来三年 股东回报规划》，公司2024年度的利润分配方案为向全体股东每10股派发1.75元红利（含税），该方案 已于2025年6月18日分派到位，共计派发现金红利约8881.91万元。 ...

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，根据公司披露的 2025年半年度报告，截至2025年6月30日，存货账面余额约10.06亿元，当期计提存货跌价准备约9137万 元。 ...

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，公司在组织架构 上设立国际贸易部，并不等于所有外贸订单都可以立即"直签"，目前仍保留间接出口模式，主要是部分 海外客户及总包商把项目整体打包给国内主机厂或工程公司，主机厂再向公司采购，公司签订国内供销 合同实现间接出口。 ...

Core Viewpoint - Jiangsu Shentong (002438) announced on August 27 that it will deliver nuclear valve-related orders in batches according to the contract delivery schedule, with revenue recognition occurring progressively based on actual delivery progress [1] Company Summary - The company has received orders related to nuclear valves and will fulfill these orders in stages [1] - Revenue recognition will be aligned with the actual progress of product delivery, indicating a phased approach to revenue realization [1]

Core Viewpoint - Jiangsu Shentong (002438) announced the establishment of its subsidiary, Shentong Semiconductor Technology (Nantong) Co., Ltd., focusing on long-term R&D in the semiconductor field, particularly in specialized valves for semiconductor applications [1] Group 1 - The subsidiary is dedicated to the independent R&D and support of vacuum control butterfly valves and ultra-pure process gas valves [1] - Key products have entered the user prototype verification stage, with some achieving small-scale introduction into customer production lines, indicating readiness for market promotion [1] - The company is building a multi-disciplinary R&D system that integrates mechanical, electronic, software, and measurement control to meet the high-end demands of industries such as integrated circuits, photovoltaics, and display panels [1]

Core Viewpoint - Jiangsu Shentong (002438) announced on August 27 that its nuclear power business primarily utilizes indirect export methods, exporting products to overseas markets through domestic large engineering contractors [1] Company Summary - Jiangsu Shentong's nuclear power business focuses on indirect exports, leveraging partnerships with domestic engineering contractors to access international markets [1]

Core Viewpoint - Jiangsu Shentong (002438) is actively monitoring the bidding needs for nuclear power plants under construction in China and is set to provide various nuclear-grade valves and equipment for new nuclear power units [1] Group 1: Company Developments - The company reported that it secured new orders worth 483 million yuan from its nuclear energy business segment in the first half of 2025, corresponding to approximately 6 to 7 newly approved nuclear power units [1] - The company anticipates that around 10 new approved nuclear power units will have bidding activities for valves and equipment starting from the second half of 2025 to early 2026, in which the company plans to actively participate [1]

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]